The David Knight Show - 16Nov23 ADL's Weaponized DEI Has Blown Back On Them — The Mob Turns on Its Creator

Episode Date: November 17, 2023

(3:33) Drudge, Mediaite, and mainstream media accuse Elon Musk of antisemitism because he points out, as I did yesterday, that the treatment Jews are getting is blowback from how ADL, SPLC, and others... have used DEI against white people. Just as the mob Robespierre used for his revolution, the ADL's mob of useful idiots in universities has turned against its creators(6:18) ADL is like a poisonous snake bite that has gone beyond treatment and must be amputated. (32:23) Historian Victor Davis Hansen explains how the racist script got flipped on liberal Jews, going from victimhood to being attacked as "white colonizers" (50:02) Speaker Mike Johnson kneels and prays on the House floor with others in Congress. Is that a violation of "church and state"? Is it "Christian Nationalism"? (55:27) Ben Shapiro vs Candace Owens — do they have a point or are they missing the point(s)?(1:04:00) NewsGuard: pushed by its CEO as a "Vaccine Against Misinformation". There's a lot of truth in that if you understand how dangerous vaccines truly are. NewsGuard, like ElectionGuard, is a creation of the intel community and the military industrial complex in its war to establish totalitarianism over Americans. (1:10:00) China is using the internet to censor and destroy Americans — just like our own government — and Google assists them both(1:15:45) Demagogue "NUKE-y" Haley Has Finally Shown How Dangerous She Is — She Demands an End to Anonymity Because Privacy is a National Security ThreatWill her push for global ID be the end for the public? We know the war-machine, Big Business, Big Media will continue to prop up this globalist puppet (1:32:27) INTERVIEW Stock Market Acts As If Fed Has Beaten Inflation. Has It? Tony Arterburn, DavidKnight.gold, on fiat paper, paper gold/silver, and China's secret stash. (2:08:41) INTERVIEW The Skyscraper Curse Desc: What is the "Skyscraper Curse" and what does it portend for our future? Mark Thornton, Senior Fellow at Mises Institute, mises.org, joins to explain and to show how govt uses various economic theories —Keynesian, MMT (Modern Monetary Theory), etc — as ruses to justify its actions.Find out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money is only what YOU hold: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

Transcript
Discussion (0)
Starting point is 00:00:00 Music Using free speech to free minds. You're listening to The David Knight Show. As the clock strikes 13, it's Thursday, the 16th of November, year of our Lord, 2023. Well, today we're going to jump right into some controversies from yesterday. We have a big back and forth about Elon Musk and how anti-Semitic he is. Matt Drudge is full on board with this. It is kind of interesting. And then, of course, there's also Nikki Haley,
Starting point is 00:01:14 Neocon Nuki. Perhaps she's finally stepped in it. Maybe finally people will see what she really is about and what the danger of her idea of getting rid of anonymity on the web really is about. She is a full on, full on totalitarian. We'll be joining us. We're also going to be joined later in the program. Tony Arterman is going to be joining us. We'll be talking about the economy, what is happening in the stock market,
Starting point is 00:02:14 how are they manipulating every single metric. This was, we always knew they were going to do this. Gerald Slenty has been talking about this for quite some time. They're going to lower the interest rates. They had to come up with an excuse to lower the interest rates. And, of course, they really pumped up the stock market. Is it really valid what they're doing? Anyway, we'll talk about that with Tony.
Starting point is 00:02:36 We also have, coming up in the third hour, we'll be talking to Mark Thornton, senior fellow at the Mises Institute. And we'll be talking to him about what they do, but especially about a book that he wrote a few years ago, kind of looking at the commercial real estate crash back in 2008, taking that apart, because that is now part of the leading edge of what I think may turn into our economic crash coming up. So we'll be talking to him about that as well but let's begin with the um uh the non-controversial stuff back and forth race baiting hatred uh you know uh israel versus palestine uh jew versus uh blm all the rest of the stuff let's just jump right into all that. I mean, we do politics and we do religion here. So let's just jump into all the back and forth racism charges that are happening.
Starting point is 00:03:31 And you've got Matt Drudge, who yesterday had this at the top. He's got a picture of a sea of Orthodox Jews there. And he says, Musk says, Jews are getting what they deserve. And then he changed it to this this morning. Musk, the world's richest bigot. Another Twitter firestorm against the Jews. Well, it is kind of interesting, isn't it, that, you know, when he uses this picture of, you know, Hasidic Jews, they're the ones, really, the ultra-Orthodox Jews are the ones who are not really supporting what is going on with the Israeli government.
Starting point is 00:04:14 I showed you the picture a few, I guess a week or two ago, of the Orthodox Jews, or, I don't know, labels here, ultra-Orthodox, Hasidic, whatever. I apologize, I don't know, labels here, ultra-Orthodox, Hasidic, whatever. I apologize. I don't have all my labels down and all the different denominations of Judaism. But you had these guys who looked like that, who typically don't like what is happening with the Israeli secular government. They don't join to fight the military. And, uh, I showed the picture of these guys being in the sneak attack that was done on
Starting point is 00:04:49 them by the, uh, the thug cop that was there, you know, like he's going to be walking past this one guy. And then at the last minute, he sweeps his arm around and puts his leg behind him and slams him backwards down on the concrete.
Starting point is 00:05:02 I mean, he could have killed him with a head concussion. I mean, we see that all the time in places like New York where people get sucker punched because of the color of their skin and hit the ground, crack their skull, kill them. And then he started coming after this other guy, but there was a guy behind him with a camera, and that kind of backed him off.
Starting point is 00:05:22 So, you know, it's not this monolithic thing. Like I said, there's a lot of different strains of Judaism. There's religious Judaism. There's political Judaism. There's people that are involved there. And what he's criticizing, you still got the picture of that? Okay, you got the video of that?
Starting point is 00:05:39 Let's play that. My son says he's got it. Here we go. Okay, who's the Jew here? Oh, okay. These are the guys that were protesting the government. And, of course, Drudge puts their picture up to say that Musk is anti-Semitic. So is that Israeli cop anti-Semitic then?
Starting point is 00:06:02 He's doing a lot more to these people than Elon Musk did. Yeah, okay. So that's your task. In this video, point out who the anti-Semite is, okay? You see, it's not anti-Semitic to criticize the government. I'm not called anti-French when I criticize Macron. I'm not called anti-Canrench when I criticize Macron. I'm not called anti-Canadian when I criticize Trudeau or anti-British when I criticize Bojo or whatever, on and on and on.
Starting point is 00:06:33 These people are in a public arena. If they can't handle the criticism, then get out. Politics is different. And I try to criticize these people over their policies and over their actions and not over who they are even whoever i'm talking about and so that's a very different thing but it's the people like the adl and the southern poverty law center that have said no they're the same thing a lot of of Jews don't agree with that. And I think Jews need to understand that the ADL and the Southern Poverty Law Center and institutions of that ilk are the Jewish Ku Klux Klan. And they need to disavow them.
Starting point is 00:07:21 You know, they were the ones who, as people were putting up signs six years ago on campuses saying, it's okay to be white. And that was a very effective campaign because it showed their bigotry. Didn't it? It's not okay to be white. Take those things down. And ADL and Southern power in law center chimed right in and started
Starting point is 00:07:40 accusing these people of being KKK. It's like, no, you are the KKK. I've said for the longest time, over a decade ago, I was doing reports about SPLC, so-called Southern Poverty Law Center. And I showed these guys, I said,
Starting point is 00:07:57 they're nothing but a bunch of hate pimps. They go around, they find people that they hate and accuse them of being hateful. And now we see that with hate speech and hate crimes and hate this and censorship on the internet and all the rest of the stuff. I'm done with all of that stuff. And that's what these people were saying. We're done with all this stuff.
Starting point is 00:08:13 Stop playing the games. It's come back. You've been hoisted by your own petard now because the radicals that you have created is like I said yesterday, same thing I said yesterday. So I looked at that and I looked at what the tweet was that he retweeted, what Musk retweeted. And I said, well, okay, that's essentially what I said yesterday during the program. And it's very much like I said yesterday.
Starting point is 00:08:41 I haven't seen anybody else compare the ADL and Jonathan Greenblatt to Robesphere and the French Revolution, but those Marxists, that leftist revolution. You organize this mob to hate a particular group, an economic class in that particular instance. And then the mob turned on him. And that's essentially what has happened to the ADL and the SPLC. And if the Jews at large don't distance themselves from the ADL and the Southern Poverty Law Center, then basically it's going to continue to metastasize. You got to understand that just like the Ku Klux Klan, the ADL and the Southern Poverty Law Center are a cancer.
Starting point is 00:09:28 And you've got to cut that off. It's like being bit by a snake, poisonous snake. Remember that in the remake of True Grit? She gets, the heroine, center center of the story gets bit on the hand by a snake and they rush her and she almost dies, but they amputate her arm and you see her later at the very end of the movie, you see her later in life, uh, with just one arm spoiler alert. So I said that first, but, um, uh, you know, that, uh, still can happen. And just before we left Texas, I always sold my piano to someone and, um, she came by and
Starting point is 00:10:12 she said, you know, it was just, uh, it wasn't, um, but just about a month ago that I got bit by a rattlesnake. So I was out doing gardening and, you know, there's one last thing that I wanted to reach down to get. I didn't see the snake behind there in the bushes, and it reached out and struck me. So she said, fortunately, I was able to kill it, take a picture of it, and then go to the hospital.
Starting point is 00:10:33 They said, that's a rattlesnake. You need to go to a poison control center. And fortunately, there was one nearby. They had antivenom. They started giving her the antivenom, but she showed pictures of her arm, and it swelled up like popeye's you know arm and the doctor kept coming in with a magic marker and you know he would make a mark on her arm as to where the swelling had stopped and put a time there and as the and then he would come back later on and do another one
Starting point is 00:11:02 it kept coming up and coming up and coming up her arm. And he was doing that to see what was going to happen with it. If it's going to keep going up to a certain point, he was going to have to take that arm off, just like in True Grit. Fortunately, he didn't. Fortunately, the anti-venom kicked in and it started subsiding and going down the arm again. but that's what the Jonathan Greenblatt and the snakes like him have bit the arm of the Jewish people in America, and you better cut them off because they are poison. They really are.
Starting point is 00:11:39 Distancing yourself from them. Just like we as white people, Southerners ought to distance ourselves from the Ku Klux Klan. I have nothing to do with those people. I reject everything they've done. You know, they have co-opted the cross of Christ. They co-opted the Confederate flag. You know, the Confederate flag, the Ku Klux Klan is not what the Confederate flag stands for. Just like the cross is not what they stand for either. Nikki Haley is confused about all those things, and we'll talk about her coming up.
Starting point is 00:12:11 She doesn't know or care anything about American history, especially anonymity. And she rejects the Constitution. She thinks that she's running for dictator. What she has to say ought to be the disqualification, the end of her run, if anybody. But, of course, it's not because she's giving big business and the military industrial complex and will give them everything that they want. But we'll get to her. Let's talk about Elon Musk and what was said. So the original post said this. Jewish communities have been pushing the exact kind of dialectical hatred against whites that they claim to want people to stop using against them.
Starting point is 00:13:01 That's exactly what I said yesterday. I broadened it out a little bit by talking about the French revolution, how you start these radical people and you start a mob, that mob can eventually come for you. And I said, from the very beginning, from the very beginning, day one, and of course this happened on a Saturday. I was gone that Monday. So first time I talked about it was Tuesday. By that time, it was very clear that you had all of these radical leftists and BLM, the people that the ADL and Southern Poverty Law Center had been weaponizing as their little army, and of course the liberal Democrats. and these people were turning on Jewish people,
Starting point is 00:13:48 attributing to them the faults of their own government that were yet to come, really, but things that they had done in the past, things that were being talked about them doing, and so they were coming after the Jewish peopleish people because they didn't like uh you know what the nation of israel the political israel had been doing and i said you understand why they're coming after them they're calling them colonizers and the rest of this stuff they're attributing them and projecting onto them the same stuff that they've been taught in these
Starting point is 00:14:23 elite universities and the same stuff that BLM has been doing. So I immediately turned on them. And yesterday, as I talked about the fact that at MIT, they're blocking Jewish students from going to class. And I said, well, MIT has been blocking most white students from being able to even get admitted into these institutions like Harvard and MIT. You know, they they're picking people based on the color of their skin, not
Starting point is 00:14:52 the content of their character, their merit that's been going on my entire life. And I'm fine with it because I don't want to go to an organization. I don't want to go to a university like that. I don't have anything to do with it. And now that is a cancer that has spread. It used to be that that was just in the elite Ivy League schools when I was going to school. But now that's spread everywhere. And all these teachers are radical Marxists.
Starting point is 00:15:15 I had a radical Marxist professor. I dropped his class. You know, part of the core curriculum had to take it. You know, it wasn't an issue in engineering, but we had to take take some core curricula and this guy who just had this chip on his shoulder unbelievable but anyway person said i'm deeply disinterested in giving the tiniest let's just say concern now about western jewish populations coming to the disturbing realization that those hordes of minorities that support flooding their own country doesn't don't exactly like them too much. And so Musk said, you have said the actual truth.
Starting point is 00:15:53 So then you have the Atlantic's year Rosenberg, and this is being reported, of course, by media. And media and drudge have been feeding off of each other. You know, media is quoted by drudge. And then media returns a favor, and they quote Drudge, and they keep going back and forth and back and forth, keep escalating this.
Starting point is 00:16:14 And so the Atlantic's Jair Rosenberg said, Musk has aligned himself with anti-Semitic rhetoric. This is literally the conspiracy theory espoused by the white supremacists who massacred the Pittsburgh Tree of Life synagogue. Well, you know, here's the thing.
Starting point is 00:16:32 When you say, well, I don't know that that's true or not. I haven't looked at the manifesto from these people. Isn't it interesting that the manifesto from the white supremacists was put out? Well, the manifesto from the transgender killer is being carefully hidden by the FBI and the Nashville Police Department. You see, that's a part of it as well. And the simple fact of the matter is that you can, you know, when you look at Ben Shapiro during the vaccine stuff,
Starting point is 00:17:03 as Ben Shapiro was pushing the vaccine, he wanted to demonize anybody who opposed the vaccine. Oh, Ben Shapiro is such a clever propagandist for the establishment, isn't he? And so he gets Louis Farrakhan. And Louis Farrakhan said everything I was saying. We weren't copying each other. We just came to that conclusion independently. But he used Louis Farrakhan to demonize people like me, Shapiro did,
Starting point is 00:17:31 and to tell people that they needed to get the vaccine, which now he's distanced himself from because everybody knows what it is now. And that's the way he works. I don't agree with Louis Farrakhan on pretty much anything, but he said, I don't know that I ever agreed with him on anything, but he was 100% right about what he said about the vaccine, and Ben Shapiro was 100% wrong, but he used that to demonize anybody who would push back
Starting point is 00:18:01 against taking an untested genetic code injection, and that's the same thing that Yair Rosenberg is doing here. who would push back against taking an untested genetic code injection. And that's the same thing that Yair Rosenberg is doing here. Well, you know, they got these crazy people who murdered a bunch of people and they said something that looked kind of like what this is, presumably. So that means that you're like them. See, I was like, according to Ben Shapiro, I was like Louis Farrakhan. No, no. I hope people can start seeing through these tactics that they use.
Starting point is 00:18:29 These controllers, like Ben Shapiro, like Tucker Carlson, like Alex Jones, that are given to you. I hope you can see through this tactic that they use. You know, if you disagree with the politics or the policies of Bibi, then you are racist. You are anti-Semitic. That's what they want us to believe. And so as they get into this echo
Starting point is 00:18:53 chamber back and forth between Drudge and Mediaite, again, I have seen all this stuff. I have been called by the adl i've been called racist i've been called a hate monger i was singled out and attacked two weeks into this medical martial law because i called it medical martial law you know it's obviously this anti-government conspiracy theorist well you better believe I'm anti-government, but it's not a theory that they've got a conspiracy.
Starting point is 00:19:28 But of course, they call me out and I'm racist because I disagree with them politically. So everybody's got to have the race card put in their face. And the problem is that besides the fact that the ADL's mob has now turned on them, they have also given a pass to real racism. Because it's become such a, you know, they cried wolf for so long about situations where there's not any racism. It's just anybody that they disagree with. Racist, racist, racist. You've seen this over and over again.
Starting point is 00:20:00 People go to one of these protests, and these people are screaming racism in the street. It's like, okay, well, tell me, you know, put the microphone in their face. Tell me why you're saying that this is racist or hateful. And all they'll do is just look at them and scream, racist, racist, racist. They won't talk. They have nothing to say. It's like when my wife, Karen, went to the Planned Parenthood place.
Starting point is 00:20:22 And she's got to sign up saying you know this is black genocide what is happening here this is the origins of planned parenthood black genocide and so that's the first time we ever saw the antifa people and uh this motley crew of uh looks like the homeless street people show up and they've got a one one of these guys has got a black sign says nothing on it it's just a black sign and he stands there in front of my wife and puts it up and she goes down and he goes down she goes up he goes up and they're going up and down and up he's got nothing to say he just doesn't want you to say anything. Perfect example of censorship. It's like a clown show of censorship to act it out.
Starting point is 00:21:11 You know, actually acting out. I want to redact what you have to say. No, I'm not going to let you do it. And so, again, it's very interesting that Drudge uses the very people, the very Jewish people who have the most issues with the political state of Israel and with Bibi Netanyahu, uses them as poster children to accuse people of racism. And again, the echo chamber of Mediaite, after he posts that, they come back and say, unvarnished anti-semitism quote-unquote elon musk catches all hell for agreeing with bigoted tweet they say and um so um this is uh you have uh matthew iglesias says meanwhile america's richest man chimes in to say that jews are getting what we deserve for being liberals. Well, your liberal
Starting point is 00:22:05 policies have come back to hit you. Again, you keep confusing politics with your ethnic and cultural identity. I'm not confused about it. You are. And you're trying to gaslight people that they're the same thing. You can be liberal or you can be conservative and you can be Jewish either way. But you're trying to connect the two. You can be Jewish and disagree with the nation of Israel, but I'm not allowed to disagree with the nation of Israel. I'm not playing those games. You can call me whatever you want to. I'm not going to be intimidated by you and nobody should be intimidated by these people anymore. They're a bunch of grifting crooks who profit off of hate.
Starting point is 00:22:44 And that's the video that I did 11 years ago. I showed pictures of the scumbags that are running the Southern Poverty Law Center. And I put underneath it profits of hate. You know, they're prophesying hate everywhere. And they're accusing everybody of hate everywhere. But it's the P-R-O-F-I-T-S, the money that they're about. It's all about the money. And they're offshore bank accounts where they got hundreds of millions of dollars.
Starting point is 00:23:08 Over $300 million last time I looked at it about five or six years ago. Even the left accuses these people of being phony charities. And warns people about donating to the Southern Poverty Law Center. The ADL, Matthew Iglesias, I guess, is his last name? The ADL clearly had Musk all wrong. The dude has zero tolerance for anti-Semitism and just wants the world to know that Hitler was right about the Jews because Jews advance hatred against whites.
Starting point is 00:23:45 No, it's the ADL and the Southern Poverty Law Center. And you need to quit lying yourself with this Ku Klux Klan version of Judaism. So, again, the colonizer stuff from day one, that's Marxism. That's BLM, the black lying Marxists calling people colonizers. I said, look, they're doing the same thing to them. As a matter of fact, we'll talk about the fact that that's what the left is. That's the mechanism by which they have flipped on these Jewish controllers of the Marxist mob. Because they're now saying, well, you guys are privileged.
Starting point is 00:24:20 You guys are colonizers. You guys are white. That's exactly what they're doing right now. It is precisely the weapons that they used against us for political purposes, for their wealth, for their organizations. Those exact weapons are now being wielded against them. Armand Domoluski says, Elon Musk thinks the Jews deserve what's coming for them because they didn't stand up for white people enough.
Starting point is 00:24:49 What a stupid take this is. They didn't stand up for white people enough. These organizations, again, they make the Jews synonymous with the ADL and with the state of Israel. Musk also received praise from white nationalist Nick Fuentes.
Starting point is 00:25:10 Again, this is the same kind of stuff that they did with Louis Farrakhan that Ben Shapiro did. That's their tactic. Got to be aware of that tactic. Guilt by association. Well, you said that the sky is blue and this other guy said the sky is blue. So therefore, you have all of the, blue and this other guy said the sky is blue. So therefore you have all of this. This guy is a hateful racist.
Starting point is 00:25:28 So therefore you are hateful racist because you said the sky is blue. It's the same thing that Ben Shapiro did. Louis Farrakhan was 100 percent right. Ben Shapiro was zero percent right about the vaccines. But what he's trying to do with that was to show that if you oppose Trump's shot, or more importantly, big pharmaceutical shot, then you're as stupid and as hateful and as ignorant as Louis Farrakhan. That's what he was trying to do. Good luck with that, Ben. So Musk tries to backpedal after agreeing with an anti-Semitic
Starting point is 00:26:06 tweet and fails spectacularly. Again, this is part of the drudge, mediaite, drudge, mediaite, you know, echo chamber going back and forth. And, um, he, um, uh, you know, they, they, they demonize it. They said he retweeted from somebody who's only got a couple of thousand followers. Well, you know what? The number of followers that you have doesn't really make any difference. It really doesn't. You know, if you're shadow banned, nobody sees what you're doing anyway. But it doesn't really matter.
Starting point is 00:26:37 Having a lot of followers, it's like somebody telling the truth or not. It's like having a big studio, right? A guy I worked for used to spend millions of dollars on, I mean, millions of dollars on massive video screens and all the rest of the stuff to impress everybody. Don't listen to what I'm saying. Look at the gilded lily that I'm selling you. Look at all the decorations I've got around me. Isn't that impressive? You try to look so much like establishment media that maybe people don't realize
Starting point is 00:27:12 that you sound exactly like establishment media. You're mockingbird media. And that's how you got all this money, right? Saying exactly what they want you to say. So look, you know, is having a multimillion dollar studio, is that something that helps or hurts somebody's credibility? what they want you to say. So look, you know, is having a multi-million dollar studio, is that something that helps or hurts somebody's credibility? You might want to think about that.
Starting point is 00:27:37 Anyway, so they chime in and Mediate says, yeah, that's right. The guy who owns one of the most influential social media sites in the world publicly agreed with a tweet declaring that Jews push hatred against whites while also embracing replacement theory. Then he re-upped his attacks on the Anti-Defamation League because that's what this is about. You see, they want you to think that any attack on the ADL is attack on Jews. Elon Musk was attacking ADL. I'm attacking the ADL. That's a different thing. And he goes on to talk about, he says,
Starting point is 00:28:07 the ADL unjustly attacks the majority of the West, despite the majority of the West supporting the Jewish people in Israel. This is because they cannot, by their own tenets, criticize the minority groups who are their primary threat. This is not right, and it needs to stop. And he says, yes, decolonization, quote unquote, necessarily implies a Jewish genocide.
Starting point is 00:28:30 Thus, it is unacceptable to any reasonable person. And I have to say that to the people, look, when you criticize the policies of the Israeli government and you start to say they need to be eradicated they need
Starting point is 00:28:45 to be removed from the land you understand that the same argument is going to be used to remove the land from us with reparations and all the rest of the stuff you've got rfk jr jumping into reparations and all these other democrat politicians. You see, it doesn't matter whether you have had the land for 400 years or for 50, whatever it is, 70 years, 80 years, whatever. It really doesn't matter. If they want it back, they'll call you a colonizer to steal it from you. If they want justification to steal it from you, they'll do that. Look, we understand how are boundaries and nations created?
Starting point is 00:29:27 They're created by war. They're created by violence. And so this is what we have, and we can learn to live within that, or we can decide that we want to redraw all the boundaries and change the nation and all the rest of the stuff, and then we can go into violence again. It's just that simple. Let's just leave it the way that it is,
Starting point is 00:29:47 and let us try to exist peacefully with other people as much as is possible for us. That's the key thing. And so don't fall into that trap of the colonizer thing. Because that's going to be used against conservatives as well. You're right that this does not extend to all Jewish communities, but it is also not just limited to the ADL, says Elon Musk. Four minutes later, he went after the ADL again,
Starting point is 00:30:18 claiming that the organization advocates for, quote, anti-white and anti-Asian racism. And he's exactly right. They've advocated for these policies, and so has RFK Jr., quote, anti-white and anti-Asian racism. And he's exactly right. They've advocated for these policies, and so has RFK Jr., of set-asides admissions based on your skin color, your ethnic group, and all the rest of the stuff at the universities and working for the government. Look, again, I'm glad that they did that. I wouldn't want to be educated by these people.
Starting point is 00:30:44 And I'm glad the government has all these rules because I wouldn't want to work for the government that has rules did that. I wouldn't want to be educated by these people. And I'm glad the government has all these rules because I wouldn't want to work for the government that has rules like that. It's like what we were saying about the vaccine mandates. It's like, okay, well, it's bad. You're dependent on this. This is all you're living and everything. But think about your future.
Starting point is 00:30:59 Do you really want to continue to work for an organization like this that thinks they have the right to demand that you take a untested dangerous shot they demand that you take it do you really want to continue to work for an organization like that and i've talked to so many people who say boy it's really been a blessing uh to not work for them anymore things have been as good or many cases much much better especially the people who did it to honor God. Well, God has honored them. I've seen that story so many times.
Starting point is 00:31:28 No longer having to work for some organization that treats you like their property. But maybe you work for yourself. So the risk of being repetitive, said Elon Musk, I'm deeply offended by ADL's messaging and any other groups who push de facto anti-white racism or anti-Asian racism or racism of any kind. He says, I'm sick of it. Stop it now. But they won't stop because they've been blindsided by hatred and racism. It's a very profitable thing for them. And they're
Starting point is 00:32:01 going to continue to project their hatred their racism on other people and so i 100 agree with elon musk in this uh denver out of way the adl drives anti-semitism it does not prevent it it's is its mission an inversion of its stated mission yes in my opinion he says and i agree with him i think it is now this is what victor davis hansen uh the historian that said he said um and and what he did he got into the historical mechanism and he explains in detail why this is he doesn't go back to the french revolution type of thing and robes fear being caught by this but he goes back to the third reich the final solution and all the rest of this stuff. And he says, you know, this is how and why this is all bouncing back on the ADL and the Southern Poverty Law Center and the Jews that align themselves
Starting point is 00:32:56 with these lies and this racism and this hatred. He said, when the many satanic paradoxes of the Third Reich's architecture of the final solution was a requirement mandated after the 1939 outbreak of the war that Jews anywhere under German rule or occupation had to wear a yellow badge or an armband with the Star of David. Yet was not all of this elaborate bureaucratic need for identification? Wasn't it embarrassing to the Nazi apparat? He said, after all, if the Nazi doctrine about the supposedly manifest Aryan racial superiority, their Nordic looks, their build, their superior intelligence, their stable disposition,
Starting point is 00:33:34 if that were so persuasive, then why did they need for Jews to identify themselves? In contrast, the Star of David IDs were prima facie proof that the entire bankrupt Nazi project was based on the unspoken fear that millions of Jews were indistinguishable in all respects from other Europeans. Yet currently the entire industry of anti-Semitic hatred has flipped. And that's what it is. It's an industry. ADL and Southern Poverty Law Center are an industry. It says it's flipped from Jews as toxic non-whites to Jews as toxic whites. The two common denominators of racial obsession and hating Jews remain the same.
Starting point is 00:34:21 Left-wing anti-Semites have been so effective at galvanizing campus hatred of Israel, and by association of Jews in general, it's their careful effort to brand themselves as DEI victims, while tarring Jews with the empty white supremacy slur. Jews in Israel now supposedly enjoy toxic white privilege. They are libeled as veritable white supremacists. They colonized Palestine. And as European imperialists, as if 400 years of Ottoman imperialism in the Middle East never occurred. Yeah, you see that? Here's a historian, you know, people want to talk about slavery. well, you know, people who were most enslaved were the Slavs. That's why we have that word.
Starting point is 00:35:08 Every civilization had slavery, but no, we're going to say that is a special American institution, special Western institution. We need to use that as the basis to dismantle Western civilization. Uh, but, uh, colonization and imperialization has happened throughout the middle East for millennia. Whether it was the Ottoman Empire, the Roman Empire before that, and over and over and over again before that. By the way, you know, when we talk about all this stuff,
Starting point is 00:35:39 race, as I've said many times, is just a misnomer. There's only one race, if you believe God, if you believe the Bible. It says that he's made of one blood, all nations, all nations. So what does that mean? Well, that means different people groups, but the Bible routinely talks about every nation, tongue, and tribe. When Michael Savage talks about it, he says it's really the distinctions between people, not skin color and things like that. The distinction really are borders, language, and culture. Borders, nations.
Starting point is 00:36:14 Languages, tongues. And culture, tribes. So he's basically just changing the terms in a way that would be more contemporary. That's the things that distinguish and separate us. And all this focus on our genetic background, our skin color, and all the rest of the stuff is not something that Christians look at.
Starting point is 00:36:42 You know, Christ has erased all those barriers. There's no male and female distinctions in terms of hierarchy and that type of thing. There's different roles, but there's no hierarchical distinction or separation. One is not better than the other. He said there's no Jew, no Greek. There's also today we would say no white, no black. All those distinctions have been erased we need to see each other as all those who are in need of god's mercy and forgiveness and not as you're the other
Starting point is 00:37:16 and you're evil right we don't we don't as christians we don't fight with flesh and blood we understand that we're fighting ideas, and we're fighting the powers behind those ideas that continue to deceive people. And we need to see the other people that are opposing us, maybe even violently opposing us. We need to understand that they themselves have been taken captive.
Starting point is 00:37:43 Again, I think of the Lord of the Rings, I think of Theoden. At the very end, Gandalf comes and he's being controlled. As now privileged white victimizers, Victor Davis Hanson says, contemporary Jews are not seen now any longer as victims of the Holocaust.
Starting point is 00:38:04 You see, that was the other thing. You had Jonathan Greenblatt out there over the weekend on media. It's become an oppression Olympics. It's like, that's because that's what you did. You put all this stuff, you got this victimhood hierarchy, right, that you've created for your institution, for your industry of racism. You have industrial racism being sold to you by the ADL and by the Southern Poverty Law Center.
Starting point is 00:38:30 And this guy who did this complains about an oppression Olympics. He set up the oppression games, the depression hunger games for the longest time. It's a game that they play. He knows it very well. It is the oppression Olympics. It's just now that people have put them on the bad team. You know,
Starting point is 00:38:51 wait, wait, I'm not with these guys. I'm with you. No, we're saying you're with those guys. Now that's what Victor Davis Hanson is saying. He said it was no accident that a racist BLM on news of the October 7th
Starting point is 00:39:04 massacres quickly, quickly issued posters glorifying Hamas and the hang gliding murderers. And that was the first thing I said. I said, you see how these people lined up? It was no surprise that DEI czars and professors and various ethnic and race studies programs proved the most prominent on campus
Starting point is 00:39:25 and damning Israel and its Jewish citizens as racist. And who is shocked when university administrators, a cowardly MIT campus is a good example, simply warn Jews of no-go zones rather than ensuring that there were no such zones anywhere on campus for anyone. And that's what I said, too. I said, OK, so now we're going to push back against this and you've got the donors who are leaving the big universities. Don't you do any of that anti-Semitism.
Starting point is 00:39:49 That anti-white stuff, you continue that. Okay, that's fine. We like that. The anti-white, anti-Asian, that's okay. Just don't do that anti-Semitism stuff because we're taking your money away if you do. Jews seem to be collateral damage from the damning of an entire group of people,
Starting point is 00:40:06 namely white Americans and Europeans. In a society that is supposedly wedded to Martin Luther King Jr.'s dictum that we should be judged by the content of our character and not the color of our skin, it is shocking how the racist DEI and woke industries have been given a complete pass to castigate and demonize an entire group
Starting point is 00:40:24 without any concern for individual characteristics, or for class, or for religious, or for ethnic differences. He said, indeed, white is as sloppy a term as Hispanic. Just as a third-generation Cuban-American professional has almost no intrinsic ethnic political class, often no linguistic affinities with impoverished Oxycons who just crossed illegally into America and vice versa. You see? Why?
Starting point is 00:40:53 You know, they've grown up. I knew a lot of Cuban Americans growing up. Their parents had come during the Cuban Missile Crisis and things like that. Castro in the 50s and early 60s and stuff. And, you know, they enjoyed their culture, their music and stuff like that Castro in the fifties and early sixties and stuff. And, you know, they, uh, they enjoyed their culture, their music and stuff like that. And I played in bands I was in, I was typically, uh, the only non-Cuban in the band, you know,
Starting point is 00:41:13 and these guys really, really rocked when it came to trumpet. Really? But, uh, you know, it was, uh, it was, um, they were American and they they identified with conservative values. See, because it's that nation, tongue, and tribe, and culture, and things like that. And gradually, as he's pointing out, these people have been here for three generations. They see the Cuban-American, yeah, we like the Cuban food, we like the Cuban music, but hey, we like the American politics and the American system. And I've always lived here.
Starting point is 00:41:47 This is my country, that type of thing. And so he says, and so, too, a white male from rural America is working as a welder in the Ozarks or a logger in severe Sierra Nevada has zero solidarity with a white Bay Area techie at Google or an Ivy League legacy preppy who is screaming from the river to the sea in Harvard yard. But white is not just a ridiculous construct that ignores the multiplicities of European ethnic and religious fault lines. The vast differences in white class, income, and politics, and the increasing frequency of whites marrying non-whites, when joined with the tiered epithets of privilege and supremacy and rage, white privilege, white supremacy, white rage, he said the result grows even more incoherent and sinister.
Starting point is 00:42:44 Proof of this privilege of whites, is it that their life expectancy is lower than Hispanics and Asians? Is white supremacy, the fact that white privilege, rather a suicide rate that is higher than blacks, Asians, and Hispanics? Is white privilege dying in combat in Afghanistan and Iraq at double the numbers of the general population? Is white privilege at an ordinate percentage of fentanyl deaths? A current percentage of whites in Ivy League freshman classes
Starting point is 00:43:13 of 20 to 40%, despite making up 55% of the youth demographic. Yeah, what I was saying before. And I'm not even going to get into those schools. And good if you don't, because they're going to make you hate yourself. Right? Just like that Nashville shooter. Hate your skin color.
Starting point is 00:43:33 Hate your gender. Hate everybody else. That's the way they get it. Why does so-called white rage not result in whites being overrepresented as perpetrators of hate crimes, as are Latinos and blacks. Why are blacks more likely to assault or kill whites than vice versa? Is there a term black rage that you see in the FBI statistics? No.
Starting point is 00:43:58 About interracial crimes? Woke and DEI fads have created entire anti-white privilege industries. We've got things like the Duke Lacrosse lie, the Covington kids myth, the Jussie Smollett fiasco. It doesn't even go back as far as the first one I remember. Al Sharpton and Tawana Brawley. And of course, Al Sharpton's had a long career as a race pimp. Never had to answer for any of the lies that he told.
Starting point is 00:44:26 The ironic but pathetic efforts of whites to fake a non-white identity in order to get privileges or to win admissions or to get status and jobs. Think of Elizabeth Warren, he points out, trying to pretend that she's not white, but she's Native American. Or Rachel DeLiesel, who was white, but pretended she was black, and even became the former head of the NAACP in Spokane, Washington. Identity fakery is traditionally an empirical guide to privilege. Otherwise, non-whites would be transitioning to white status, as in the segregationist and overly racist days of the old
Starting point is 00:45:05 south it's my right if you know the musical showboat which is probably passed out of most people's uh cultural consciousness now that was the essence of it yeah had this central character whose mother was black but she had light skin and so you know she's trying to pass for being white and that type of thing exactly the opposite thing is happening now, as he points out with Rachel DeLeesle, Elizabeth Warren. Why did the New York Times dub Hispanic and half Peruvian George Zimmerman to be a white Hispanic? They've never used that term or phrase for any other person.
Starting point is 00:45:44 Even though two thirds of Hispanic quote unquote, Americans self-identify as white. Well, because they were trying to demonize Zimmerman by calling him white. You see? That was part of the demonization, to call him white. Ibram X. Kendi earned lucrative fees and honoraria espousing anti-racism and founded an anti-racism academic center that produced no tangible research. This is what she, Van Fleet, was saying last week. You know, it's not enough to you have to oppose and struggle session who you are and that type of thing.
Starting point is 00:46:20 That's what they're really up to. This is really a Marxist tactic. He doesn't get down to that, but that's, Sheevan Fleet knows what this is all about. The industry of white demonization also plays a role in the drastic reductions in the U.S. Armed Forces recruitment. The drop-off in white, rural, and suburban males is demonstrable, and the reason is, most likely, their wariness
Starting point is 00:46:39 with constant woke hectoring and discrimination. Look at what Mark Milley said in testimony to Congress, June, 2021. He pontificated about ferreting out white rage and white privilege in the ranks, despite providing no evidence or data to back up his white bias and his racism allegations.
Starting point is 00:47:03 Another self-loathing liberal well to wrap it up victor davis hansen says anti-semitism is on the rise fortified by the campus dei and woke crowd hate crimes are soaring violent crime in general is on the upspring uh military recruitment is dropping trust in the media is plunging anti-semites are proud and not ashamed of acting Violent crime in general is on the upspring. Military recruitment is dropping. Trust in the media is plunging. Anti-Semites are proud and not ashamed of acting out their hatred. The progressive woke agenda is imploding. Now, they said, again, to me, this all just looks like a replay of the French Revolution.
Starting point is 00:47:42 You know, history rhymes. And so, you know, instead of it being class based it's race based and that was a conscient that was a conscious thing by the marxists as i've said many times you go back and look at bill ayers and bernadine dorn and their weather underground they said we want a marxist revolution you got to have conflict between between groups this hegelian conflict uh it doesn't work for us to talk about class. Class is so deeply entrenched in Europe, they could have a class warfare, class revolution, or things they did in France and other places.
Starting point is 00:48:13 But he said, you know, here in America, we can do it with race and skin color. And that's what they've been up to. So it's what the whole thing is about. The one common denominator, says Victor Davis Hanson, is a now acceptable notion that is not just permissible, but it is encouraged to smear without evidence over two-thirds of Americans as the sole beneficiaries of privilege,
Starting point is 00:48:37 prone to rage and conspiring to ensure racial supremacy. And all of it is lies. All of it is for a Marxist revolution. A socialist revolution, if you will. But they are lies nevertheless, and useful to their promulgators, as they are toxic and incendiary to the multiracial, consensual society if they are not addressed, refuted, and discredited. It is past time for Americans to reject all racial stereotyping and the racist careerists
Starting point is 00:49:11 who leverage it before we all descend into tribal nihilism. And so for that, I'm sure that, you know, you'll probably see his article featured up on the Drudge Report as somebody who is just a dyed-in-the-wool racist who agrees with louis farrakhan and nick fuentes and all the rest of stuff i wouldn't even talk to nick fuentes some of the dregs that alex would bring into there yeah just uh just amazing uh but look the answer yeah how do we do this how do we do this? How do we do this? Well, the answer truly is turning to God. God is the one who brings peace. If we have peace with God, we will then have peace with each other. But we have to first get that peace with God.
Starting point is 00:49:58 And so also on the Drudge Report this morning, you look at that headline. I showed you this was yesterday. Must, the Jews are getting what they they deserve same picture and then different had another twitter firestorm against the jews and then down in the corner right underneath this he's got this picture look at that how damning that is can you imagine that you would have congressmen just a couple of them yeah i mean you know there's about about 500 people in Senate and House and everything. And you got, you know, a handful of them, less than 10, kneeling and praying.
Starting point is 00:50:33 Can't have that. Oh, we're going to have Christian nationalism. Well, you better turn to God. Because if you don't turn to God and get healing and peace with God, you're going to be at war with each other. Everybody is. don't turn to god and get healing and peace with god you're going to be at war with each other everybody is uh that is the answer quite frankly and and and so there's all these articles that drudge puts underneath there where people attack him for that look i got it i've you know i don't shy away from talking about my disagreements with Michael Johnson, Mike Johnson, and beginning with his support of Trump,
Starting point is 00:51:08 beginning with his U-turn for Ukraine, and that's the key thing. We should pray for our leaders. I think still that he is a person of character. I'm hoping, even though he switched on Ukraine, I'm hoping that he's not been taken captive by the lust for power and position. And so that's what you need to pray for him. You need to pray that he's got the character to stay the course. And just as important as character, he has to have discernment,
Starting point is 00:51:36 which he doesn't have on so many issues. If he has character, he's liking discernment about some of these things. And so you need to pray for both of those things but you need to understand that what freaks out matt drudge in the left and the adl and that's southern bowery law center and all these people what freaks them out about seeing somebody praying or even having somebody silently praying across uh you know from from an abortion clinic. But for the most part, when they see a teacher on the 50-yard line kneeling and silently praying, or when they see the Speaker of the House and a couple of other congressmen
Starting point is 00:52:13 kneeling and praying on the floor of the House, they don't understand the difference between establishment and exercise. The free exercise of religion, if you're telling me that I can't kneel and pray, you are the problem. I am not the problem. You are the problem. And you have a problem with our system of government. And you have a problem with toleration. And you want to censor people. And you want to compel people to do what you think is right. You're the one who is intolerant. You're the one who is a tyrant. It's not the people who are silently praying and exercising their religion. That is protected, should be protected, will be protected in America. And if you've got a problem with that,
Starting point is 00:52:53 you're the problem. I'm not apologizing for it. Nobody needs to apologize for that. We'll be right back. Interested in a curated list of the finest classical music? Find it now at APSradio.com ¶¶ © transcriptF-WATCH TV 2021 Liberty. It's your move. And now, The David Knight Show. I see a comment from Gard Goldsmith, spot on. The ADL is a power-thirsty political group, a secular cabal that has replaced traditional Jewish religious belief with an adoration of the state. Tying U.S. statism to Zionism, ADL is ultimate generational corporate gaslighting, always
Starting point is 00:55:16 using claims of defense to go on offense and to attack people. Spot on, Garth. I agree with that completely. Malutin Malankovic says, uh, to learn who rules over you, learn who you can't criticize. Well,
Starting point is 00:55:29 that is absolutely true. I guess you could say that even though, uh, Candace Owen works for Ben Shapiro, he doesn't rule over her because he's critical of him. Uh, and this is the other thing that's been coming out of it. Emotionally unhinged.
Starting point is 00:55:43 He called her and, uh, the two of them have been fighting publicly on Twitter. And, um, that's the kind of thing that can get you fired. No, he said, uh, Hey, if, um, by all means quit. If you think that your work at the daily wire comes between you and God, because he got very upset about the fact that she put a Bible quote up, uh, as a part of their dispute. Uh,
Starting point is 00:56:13 he says that you have been acting unprofessionally and, um, Oh, she, she came back and told him you have been acting unprofessional and emotionally unhinged for weeks now. Um, well, I agree with thathinged for weeks now. Um, well,
Starting point is 00:56:25 I agree with that. I think he has. And, um, but the bottom line is I don't think she should quit. If I were her, I would use his platform to oppose him and to oppose his lies and his hatred.
Starting point is 00:56:39 I did that myself. So, you know, do that till he fires you. Uh, but she's also kind of covering her basis. She is being very flattering to Tucker, uh, myself. So, you know, do that till he fires you. Uh, but she's also kind of covering her basis. She is being very flattering to Tucker obsequious even, uh, because this has been something going back and forth between them.
Starting point is 00:56:55 Candace Owen, you know, was really kind of sheepish in terms of interviewing Trump. She's not going to criticize Trump. She's not going to criticize the vaccine stuff. And of course, you know, Ben Shapiro, as I mentioned, one of the biggest pushers of the vaccine thing. But nevertheless, somebody asked Shapiro a question, and this went up on social media. I'm sure by now you've probably seen it.
Starting point is 00:57:19 It's a little bit hard to hear what it says. I'm not playing the clip. Instead, I'll just read you the quote. He said, I think that her faux sophistication on these particular issues has been ridiculous. And then he went on to say her commentary on Israel has been disreputable. Hours later, she posted on Twitter a Bible quote. Blessed are the peacemakers, for they shall be called the children of God. Blessed are those who are persecuted for righteousness' sake, for theirs is the kingdom of heaven.
Starting point is 00:57:52 Blessed are ye when men shall revile you and persecute you and shall say all manner of evil against you falsely for my sake. No one can serve two masters. Either you will hate the one and love the other, or you will be devoted to the one and despise the other. You cannot serve both God and money. So he took that personally. What? You serve me.
Starting point is 00:58:19 I've got the money. I pay your check. You do what I say. So at least she's not doing that. He came back and said, Candace, if you feel like taking money from the daily wire somehow comes between you and God, by all means quit. Well, no, Ben, she's just saying she won't sell your war for money. It's like, oh, I would not sell his January the the sixth thing for money i wouldn't sell people out i wouldn't sell people into the fear and slavery of a lockdown
Starting point is 00:58:50 buy my mask with info wars on it you know that's kind of stuff i wouldn't do that absolutely would not do that uh owens replied to that and said, you've been acting on professionally, unprofessional and emotionally unhinged for weeks. Now we have all had to sit back and allow it and have all tried to exercise exceeding understanding for your raw emotion, but you cross a certain line when you come for scripture and read yourself into it. I will not tolerate it.
Starting point is 00:59:21 She said, well, I don't know. I mean, um, um, if she, I kind of think she probably meant that. If the shoe fits, wear it. But, you know, I don't know if she's got a history of posting Bible quotes or not. But, you know, there's a lot of talk about war, isn't there?
Starting point is 00:59:43 And so we should remember what Jesus said about peace. And we should remember about how the love of money is the root of all evil and how we can't serve money as our God and serve God at the same time. All that is very appropriate, not just to Ben Shapiro, but to all these people, Lindsey Graham, Newky Haley, to all these people lindsey graham nuki haley all these people and to our society in general everybody getting so raw and emotional over this and i understand and i think that that you know the pictures of children especially babies blown up and mutilated i said we need need to show the truth about abortion. We need to take that for a positive thing.
Starting point is 01:00:26 We need to get people upset about death and about murder and use it to protect life instead of expanding the death and the murder. That's the problem I have with it. You see, both the people who support Israel and the people who support Hamas are both showing you pictures because they want more people killed. I want to show pictures of the 60 million plus babies that have been mutilated so we can stop that. It's a very different purpose. And you notice nobody's showing that.
Starting point is 01:00:57 And even though you'll have the media, depending on which side of the conflict they're on, they'll show you their murdered babies. But they won't, neither side, neither side will allow you to show a picture of a murdered, immutilated, aborted baby. Aborted, yeah, aborted. And Drudge knew that. That's why he, and it wasn't even a picture of a mutilate
Starting point is 01:01:27 it was a beautiful picture of life the baby samuel grasping the pinky of the surgeon in that surgery the unborn baby that was a powerful statement of life and it was fox news who fired matt drudge for showing that on his program. And he knew that they would fire him for showing that program. And that's why he showed the picture. It wasn't to support life. I was very disappointed when I met him. And he told me that.
Starting point is 01:02:02 Because that's the first thing I said. I said, that's the best thing you ever did. Oh, that. I just wanted to get out of my contract, he said. Well, Ben Shapiro slammed Candace for retweeting far-left anti-Israel blogger Max Blumenthal and publicly admonished her for defending Kanye West after his anti-Semitic screeds. And again, I don't see any justification for defending Kanye West, but, uh, this is, um, again, you know, media I that is, you know, and all of this, and, uh, they're not going to criticize Ben Shapiro or Candace Owen for their cheering of Trump and his poison shot or their cheering of the shot itself.
Starting point is 01:02:50 But for them, the reprehensible things that they did were this tribalism thing. And it may be tribalism. Maybe she sided with Kanye West because they're black. And what he said was wrong. I'm not going to excuse any of that. But we don't want to be caught up in their racism. We don't want to be caught up in their Hegelian racism. We need to be aware of it.
Starting point is 01:03:17 And we need to understand how they're using it. But we don't need to be caught up in it. And so Owens has a long history of controversial and outlandish rhetoric. Yeah, you know, she supported the Vax and gave Trump a pass and all the rest of this stuff. But no, they're not talking about that. But Ben Shapiro hasn't had, that's the other thing too.
Starting point is 01:03:42 Mediaite is this leftist publication. Hard left publication. And they don't have any problem with Ben Shapiro? I mean, he's, you want to say that somebody's made a lot of controversial and outlandish rhetoric statement? Okay. What about Ben Shapiro?
Starting point is 01:03:59 You're a leftist. You pretty much, these people at Mediaite pretty much disagree with Ben Shapiro on everything, but they're going to give him a pass because he's Jewish and they're Jewish. That's the amazing thing about this. Just like I think Candace Owen gave Kanye West a pass because they're both black. We need to be aware of that.
Starting point is 01:04:19 We need to not be caught up in that. And, um, but, uh but Cat Turd on Twitter said, never could stand Ben, glad you're finally catching up. And they've now, Shapiro and Owens have now, Candace Owen have now unfollowed each other. NewsGuard, NewsGuard. Let's talk about the overreaching structure here. NewsGuard with Microsoft.
Starting point is 01:04:46 And of course, if you dig deep enough, you're going to find out that they are, of course, their sister thing, election guard. Election guard was 100% started by DARPA. I think if you look at the funding of news guard, you'll find that as well. DARPA, there was a $ million dollar contract that DARPA gave to Microsoft to create election guard and that was their sole funding and so you got news guard that's going to guard the truth and election guard that's going to guard the elections or maybe they're going to be destroying the truth and destroying the elections question is the age-old question who guards the guardians well that's really the question when we talk about NewsGuard and ElectionGuard.
Starting point is 01:05:27 Now, who guards us from what they're doing? This is Real Clear Investigations and Lee Fang. She said the Twitter files revealed that Krovitz, Gordon Krovitz, former publisher of the Wall Street Journal, touted his product, his censorship product, NewsGuard, as, listen to this, quote, a vaccine against misinformation. Oh, they love their vaccines and their pharmaceutical industry is in there. Because I guess that could be true because, you know, the vaccines are ultimately a lie
Starting point is 01:05:59 based on misinformation, disinformation, malinformation, a lie designed to kill. So I think that's a good way to understand NewsGuard. It is like a vaccine. It is very much like a vaccine. He promised an out-of-the-box tool that would use artificial intelligence powered by NewsGuard algorithms to rapidly screen content based on hashtags and search terms that the company
Starting point is 01:06:25 associated with dangerous contact content. And of course, this is where they're going. The artificial intelligence key use, they're not saying this right now, but it's key use is going to be to increase censorship. And the increased censorship is going to be to stop podcasts. Podcasts are the one place that they have not, except for Spotify. Spotify has always banned me, but I'm able to get on all the rest of the platforms for podcasts because they can't,
Starting point is 01:06:55 you know, they're not really scoping these things out. Those days are numbered. I'll soon be limited to the backwaters of, uh, you know, podcasts. Like I'm limited to the backwaters of,
Starting point is 01:07:04 uh, video, uh, broadcasting, uh, because I'm limited to the backwaters of video broadcasting, because I'll soon be banned with that thanks to artificial intelligence. They're weaponizing all of that. How would the company determine the truth for issues such as COVID-19? NewsGuard would steer readers to official government sources only, like the CDC. Other content moderation allies, said Krovitz, included the intelligence and national security officials because, again, DARPA created Election Guard and these are the people who are
Starting point is 01:07:32 running the mockingbird media and all of the rest of this stuff. Our censorship, folks, is coming from the Pentagon and the CIA, just like the lying news is coming from them as well. The government works through seemingly benign non-governmental organizations such as the Stanford Internet Observatory to quell speech that it disapproves of. It pays to coerce speech through government contracts with outfits such as NewsGuard. By the way, it's not just the Stanford Internet Observatory. Another big player, which I don't see, and they were a big, big player. Maybe they're not anymore, but they were a big, big player in the round of censorship in 2018. In August 6, 2018, they did the massive censorship of InfoWars.
Starting point is 01:08:17 And then within two months, they kicked off 800 different sites. Many of them were not pro-Trump. Many of them were anti-trump uh but they were against the uh police and surveillance state and um and it's the police and surveillance state that is running this censorship stuff and a key player at that time was out of the university of indiana and they had a account on uh social media it was called oh so me as in social media and uh they had in charge of their censorship group where they were going through and uh identifying people they were the ones who put together this massive list that the Democrats wanted them to censor. The guy that was running that, people know about the Kinsey Institute, this sexual
Starting point is 01:09:15 perverse thing, but a lot of people don't realize that's in conservative Indiana, Kinsey Institute. And they had brought over a guy from Italy to be the head of the Kinsey Institute, and he was head of the Kinsey Institute for a few years. And then when they decided they were going to set up a massive program of social media censorship, of political dissidence, then they picked this guy. Isn't it interesting how we see this unification of perverse stuff like the Kinsey Institute and these leftist socialists?
Starting point is 01:09:55 It truly is a satanic agenda, isn't it? NewsGuard is pushing to apply its broader screening process into libraries, academic centers, news aggregation portals, internet service providers. The advertiser's worst nightmare is having an ad placement damage even one customer's trust in a brand. Well, understand the corporations don't care about customer trust. They openly flaunt their contempt for their customers just look at nascar
Starting point is 01:10:28 for example or coke or whatever right they have they've got one customer that they want to please one customer and that's the government um or you could say you you know, uh, the re the government representative of financing for them, black rock Vanguard state street, these people who have, um, their ESG agenda, yes, the ESG agenda is their marching orders is not about making a profit. It's not about, you know, Hey, we want to sell Coca-Cola to white people. No, we hate white people here at Coca-Cola. And we're not going to apologize for that, you know, or Bud light or whatever. And NASCAR, uh, they, they have the ESG agenda and that's where their money's going to apologize for that, you know, or Bud Light or whatever, NASCAR.
Starting point is 01:11:09 They have the ESG agenda, and that's where their money is going to come from. And they're going to sell the government's programs because, and they really don't care about the public. And so all this stuff about saying, well, you know, we've got to go through and censor people because imagine how mortified and pearl clutching nascar would be if they saw uh if if their ads you know ran on david knight's program or something probably would be clutching their pearls no but what they're saying is oh you got these hateful right-wing people out there and we don't want to have our products associated with them and that's not what they're doing at all because they don't really care what the public thinks about them they're open and their public hatred and their esg agenda their environmentalism and their uh you know their socialist agenda and they call it uh they don't call it socialist but you
Starting point is 01:12:02 understand china by the way there's one more thing I want to talk about before we stop with the censorship and the speech issues here. And that is the fact that CNN is saying that China is using the world's largest known online disinformation operation to harass Americans, says a CNN review. Now, this is true. They have a motive in saying this because, again, CNN is the mockingbird press, and they're pushing the, you know, China is our enemy narrative for the military-industrial complex. It wants a war with them. So that's why they're talking about it now at this time. But I think it is true.
Starting point is 01:12:43 As I said before, I got the one time that I got kicked off of YouTube with a warning was right after this show started. I put up a program, and that lasted for less than a month. And I got three strikes. One of the three strikes was when I said 2020 was the year the world became China. That was the beginning, the very beginning. The first strike I got was that. And then I got on their radar, and they quickly took me off. And so where was that coming from?
Starting point is 01:13:17 If the Chinese government has built up an online disinformation thing, and if they are, and I think they probably are, this is probably true, the onslaught of attacks, often vile deeply personal nature part of a well-organized increasingly brazen chinese government intimidation campaign targeting people in the united states that criticize the chinese government it was very critical of the chinese government it's also critical of our own government so it could have been either one of them who wanted me kicked off or it could have been both of them the bottom line is that youtube will do whatever the governments tell them to do so somebody from the american government says get david knight off they'll do it if somebody from the chinese government tells them get david knight off they'll do it so it's kind of a race
Starting point is 01:13:57 i guess it was to cancel me first uh victims face a barrage of tens of thousands of social media posts that call them traitors dogs racist homophobic slurs now this is um uh you know not the approach that they use for me but i think the back door censorship by calling up and we've seen ample evidence of that in the twitter files known as spamouflage or dragon bridge the network's hundreds of thousands of accounts spread across every major social media platform have not only harassed americans who have criticized the chinese communist party but have also sought to discredit u.s politicians disparage american companies at odds with china's interest and to hijack online conversations around the globe that could portray the ccp in a negative light now i said that 2020 was the year the american government became china
Starting point is 01:14:44 and so just look at this in the same context of that, to say that the American government seeks to discredit politicians and companies who are at odds with the American government's interest and to hijack online conversations around the globe that could portray the American government in a negative light. We have become a CCP. And when we come back, we're going to talk about the woman who would be king Nuki Haley because that is exactly the strategy that she wants to do Elvis and the sweet sounds of Motown find them on the oldies channel at APSradio.com. Using free speech to free minds. It's the David Knight Show. You want to be where you can see Our troubles are all the same You want to be where everybody knows your name They need to verify every single person on their outlet.
Starting point is 01:16:18 And I want it by name. What about Smug? Does he qualify? I've provided them with my government. If Smug is on your driver's license then and look you can put smug in parentheses but i want everybody's name i want everybody's name she wants the internet to be a place where everybody knows your name and it's going to just be this warm fuzzy you know friendly bar type of atmosphere like we had at cheers you know yeah everybody yeah, everybody knows your name and they really do.
Starting point is 01:16:49 That's what's being sold to you. This is a lie that's being sold to you by Nikki Haley, by Jordan Peterson, Jordan Peterson. I'm sick and tired of these anonymous trolls. I understand, you know, I've, I've seen that kind of stuff as well. Uh, directed at me and, you know, people can be very vicious and it seems like they get even more vicious if they're anonymous, if they can do it behind a pseudonym or something like that. But, you know, Hey, um, uh, they've got no power over you ultimately, but she wants to
Starting point is 01:17:16 know everybody's name and, and she, and is making the argument that if we know everybody's name, everybody's going to be friendly and nice. How's that working out for Donald Trump? We know Donald Trump's name. You know, he's not too nice, actually. No, Neocon Nuki, I tweeted out. I said, so what gives warmonger Nuki Haley the authority to demand everybody's name that's using the internet?
Starting point is 01:17:46 And I said, it is disqualifying that she even wants it she's just another wannabe totalitarian just say no to Nuki and she thinks that she's running for dictator it's amazing she says it's a national security threat because everything to her is a national security threat. You ought to be killed if you get in her way. I mean, she's one of these people that doesn't just want to silence you. She wants to go to war with you. She wants to kill you, imprison you. She's a very dangerous person.
Starting point is 01:18:15 Seriously, I'm not joking. She's very dangerous. Always has been. A leftist authoritarian demagogue who is in her orientation, but of course running as if she's a conservative. She continued to say, you know, again, let's go back to anti-Semitism. This is how we're going to sell it. Anti-Semitism is the magic thing, right?
Starting point is 01:18:36 It's like taking your racism up to another level. Anti-Semitism was always bubbling underneath the surface. So now she's going to bring it up. Now we're seeing this massive exaggeration of it, but no one is talking about it. Why, she said. Well, the truth is, if you look at social media, the misinformation and the dramatic sides of social media are instigating this. Why? Because it's being pushed by Russia, China, Iran, North Korea. First thing I have to do when I become president is I've got to have the social media companies
Starting point is 01:19:09 show America their algorithms. Well, of course, that's not going to happen. We're not going to see their algorithms. I'm not going to see their messages from the CIA and the Biden administration or the Trump administration. We're not going to see that. And then the second thing she says is we've got to have every person on social media should be verified by their name. This will get rid of
Starting point is 01:19:28 all the Russian bots, the Iranian bots, the Chinese bots. How do we get rid of a bot like her? You know, how do we get rid of the demagogue bots? They'll just say whatever the CIA, the Pentagon and the CDC want them to say. Those kind of bots. I'm sick of the bots who are running for office. I'm sick of the bots who are running our country. A bunch of bots. We're going to get some civility when people know that their name is next to what they say.
Starting point is 01:20:01 No, we won't. We won't at all. This is always, and she's being savaged everywhere for this and rightfully so wnd headline farewell cat turd gop presidential candidate wants a ban on anonymous social media accounts um reason nicki haley's crazy plan to require verification of social media. And I said, lest anybody think that she's being taken out of context. So this is something she did not say correctly.
Starting point is 01:20:32 She said it not once, but twice. You know, it wasn't just on that program there. Um, but, um, she had also done it on Fox News. And as you saw her on that podcast, the smug guy, he actually goes by the name Comfortably Smug on Twitter. They said he was notably perturbed because he has an anonymous account. And so Ron DeSantis pointed it out. Glenn Greenwald pointed it out. Reason pointed it out that we have a very long tradition of anonymity. As Reason says, it is a cherished aspect of political speech. Are we going to get rid of anonymous ballots too?
Starting point is 01:21:21 So, you know, so that we can stop the cheating and stuff like that. Anyway, they go back and too so you know so that we can stop the cheating and stuff like that anyway they go back and say you know james madison published the federalist papers under a pseudonym uh and ron desantis said you know who were anonymous writers back in the day alexander hamilton john j james madison they all wrote the federalist papers they were not national security threats nor are the many conservative Americans across the country who exercise their constitutional right to speak. Well, maybe she doesn't care about American history, or maybe Nikki Haley, Nimrata, is actually woefully ignorant of American history. Maybe she's just a demagogue totalitarian who wants to get into this. But, um,
Starting point is 01:22:07 one of the ones that they're not mentioned, they're going to any detail. If you go back and you look at, um, my son says, we only want the news guard ministry, um, of truth bots. Only our bots will be allowed.
Starting point is 01:22:16 That's right. If you go back though, and you look at, uh, anonymity and you look at Jefferson and Madison, uh, what was one of the things that they did anonymously? Well, they did the, the, uh, anonymity and you look at Jefferson and Madison, what was one of the things that they did anonymously? Well, they did the Kentucky and Virginia resolutions criticizing John Adams' Alien and Sedition Acts.
Starting point is 01:22:36 Why would they do it anonymously? Well, because John Adams' Alien and Sedition Act was an act of tyranny. And he would have locked them up as being seditious, just like Joe Biden. It's very important to be able to have anonymity. And by the way, you don't have anonymity to the government on Twitter or any of these social media accounts.
Starting point is 01:22:58 They will find you. So, you know, keep that in mind when you start saying stuff, don't get stupid about it uh just understand that don't be stupid like a lot of people were stupid about january the 6th don't be stupid about this stuff it is ultimately not anonymous um so um people pointed out as i said uh where do you get the authority to do that? It's blatantly unconstitutional,
Starting point is 01:23:27 absolutely unconstitutional for her to do that. She's just another bimbo that's been put on a pedestal by Trump because of identity politics. That's all Nikki Haley is. But she also has the support of big business in the military industrial complex they absolutely love what she does in this um breitbart commentary i say the new york times article uh praising her ignored her giveaway offer of cheap blue-collar and white-collar labor to investors. He said, most politicians do not know the business side of immigration, said one person who was trying to get under control. He said, Nikki Haley is so out of touch,
Starting point is 01:24:17 I think that her super PACs are swaying her judgment. Yeah, I mean, she just met with Jamie Demonie demon of jp morgan who's going to be giving her a lot of money what she was saying in terms of we need to open things up uh we need to let ceos import workers and graduates that they need that was her other thing about all this they need these people she said for far too long, Republican and Democrat presidents dealt with immigration based on an annual quota. She told a room full of supporters, we'll take X number this year. We'll take X number next year.
Starting point is 01:24:52 The debate is on the number. It's the wrong way to look at it. We need to do it based on merit. We need to go to our industries and say, what do you need that you don't have? So think agriculture, think tourism, think tech. We want the talent that's going to make us better. And this is the same type of thing that, uh,
Starting point is 01:25:09 Vivek, the snake, Rama Swami and Musk were both saying, Oh, we want to have the best people on our team. You know, let's get, we can't find anybody any good here in America.
Starting point is 01:25:17 Let's bring somebody in from the countries that we came from. And that's exactly what she's saying here. She is opposed to the fabric of America. That's her term, the fabric of America, but she is opposed to the fabric of America. That's her term, the fabric of America. But she's opposed to the fabric of America. She's opposed to people in America having an opportunity. She wants to bring in other people because it's going to benefit her, just like it benefits Ramaswamy and Musk to bring people in who are intelligent
Starting point is 01:25:43 and work for less money than Americans will. And it benefits her because she can bring in the money if she brings in the people. She's playing to the Chamber of Commerce and people of that ilk. And she's playing to the military industrial complex. And hopefully, with this statement about getting rid of anonymity, you understand what is really behind that. That is about setting up an internet ID. And they come at us in a number of ways. Conservatives have typically come at us by saying, well, you know, we got all this pornography problem on the internet.
Starting point is 01:26:18 So we've got to have, um, we we've got to have a way to keep kids from getting on there. So everybody's got to have an ID. Or they'll come at you with artificial intelligence. Artificial intelligence is creating all these fake videos and everything. So you're going to need to have an ID to prove it. Not the artificial intelligence. Or they'll say, we've got all these people that Biden has let in. It's really a problem. But, you know, I've got a solution, says Juan DeSantis. I'm going to have an e-verify where you have to get permission from the federal government.
Starting point is 01:26:57 They have to verify that you are an American citizen so that you can get a job. That solves the problem, right? No, you solve the problem of people coming in without any documents. You solve the problem of artificial intelligence. It needs to identify its fake content, not that I have to identify that I'm a human being. And, of course, the pornography thing is a spiritual issue that you're not going to solve by a government intervention.
Starting point is 01:27:23 But they use every single one of these things to push an ID. An ID for the internet, an ID for everything, because especially for the internet, because they want to run, they want your life to be lived through the internet. You will buy, you'll work, you'll trade through the internet, especially because you're not going to be allowed to go anywhere in your 15-minute city so it's very important for them to have control and identification on the internet and That is why Nikki Haley is doing it and she's unfortunately not alone even on the conservative side Distorted perception says I want to make sure they can put you on a list. They up they need to have your name They know who we all are.
Starting point is 01:28:06 They just don't want to expose that they're spying on us by going after anonymous accounts. That's right. It gives them backwards cover. They're already doing it. Yeah. Anyway, Risha M., the term is it's a matter of national security. It's just a cover for totalitarian government. Always has been.
Starting point is 01:28:24 Always will be. Lori, the most powerful effective disinformation networks are those that target Christians incognito with part truth and have infiltrated the camp. The alt-right, for example. Reason some ex-faux news moved into it. Yep. Brian, Deb McCartney. This program of knowing all on socialist media has been in the works forever it is the timing that they're playing with as the narrative shift and the
Starting point is 01:28:52 sheeple are identified absolutely right as i've said for the longest time that's what the internet was designed for the internet was designed as a surveillance and control system by a psychologist at DARPA, JCR Licklider. And then when it became, the technology started to become practical in the late 1990s, and they jumped into it in every aspect with all the venture capital stuff that even had the CIA create their own venture capital firm. And they kept them running, kept the cash flowing, so these guys could offer everything for free. And now, you know, they've closed the gates on this ghetto. Now that they've got everybody roped into social media and you don't want to go to
Starting point is 01:29:35 websites anymore, by the way, the David Knight show, go the David Knight show. Remember that website. And that's where you'll find the links to the programs because it can be very difficult to find us. And if you want to try to make it a little bit easier to find us, assuming that the search algorithms on the different platforms are honest, if you like us on those platforms, on a rumble on odyssey, um, or rock fan, when people go to these sites, they'll be able to, uh, see us better, more likely to find us. So, uh, that is something you could do to help the broadcast quite a bit. It doesn't cost anything except just a little bit of time. Uh, Josh bed, Nikki Haley.
Starting point is 01:30:19 Isn't her real name. That's right. Yeah. Uh, Nimrata, uh, something else. And, uh, she, uh, I think she married somebody that was named Haley. Angus Mustang this from a woman who doesn't use her real name. Yeah. That's, that's the key point that you're, that you're making here that, uh,
Starting point is 01:30:35 I was a little bit slow to pick up on. We want to know your real name, Nikki. That's that's what they should have said. That's good. That's what the guys, the podcast should have said that would have taken her down a notch. would like to have seen her reaction come back with that uh but they're not going to challenge her i'm not going to challenge her well we're going to take a quick break and uh we'll be right back stay with us
Starting point is 01:30:58 unlike most revolutions where the people rise against a real economic oppression in our case here in boston we are fighting for purely an abstract principle. It is, however, not nearly so abstract as the young gentleman supposes. The issue involved here is one of monopoly. Today, the British government will monopolize the sale of tea in our country. Tomorrow, it will be something else. © BF-WATCH TV 2021 liberty it's your move you're listening to the David Knight Show. All right. Joining us now is Tony Arterman.
Starting point is 01:32:29 It's great to have you, Tony. Wisewolf.com is his website. He sells gold, silver, and he's got some great structures there, a community with a wolf pack, and I've always dealt with Tony. He's also set up DavidKnightight.gold let you know that
Starting point is 01:32:47 you heard about him through us and so joining us now is Tony Arteman thank you for joining us Tony always great to be here David thanks for having me what's on your mind this week I mean it's been an interesting week with what's happened in the financial markets hasn't it well I think we anticipated this happening eventually. Jerome Powell's raised rates faster than any time in history to try to curtail the massive inflation from the damage that they did to the dollar during the COVID era. And of course, the economy is starting to falter because of the addiction that the Western economies have to cheap fiat currency and debt creation through the
Starting point is 01:33:26 central banks. Now that they're not getting their supply, they're looking to the supplier and saying we need it. And I don't know if they're going to get it or not, but the markets certainly anticipate that. CNBC said there's going to be a Santa rally towards the end of the year. And I thought that's pretty interesting because Santa isn't real. And neither is the stock market or these ESG, BlackRock type companies that are out there. And I think this is, I think, par for the course in the times that we're in, David. And I'm not sure that they're actually going to lower rates. I'm really not because this is something that's, it's been odd, their behavior. And I think you're starting to see what's really important to these central banksters is the control of the global money supply, not so much the economies in which they reign over. I mean, they can pick winners and losers.
Starting point is 01:34:15 And again, I'm not saying that they won't lower rates, but I'm not 100% sure. I'm not one of these analysts on CNBC. I don't buy into the stock market. Most of it's absolutely fake as you and i discuss pretty much every week here but yeah um i and i certainly wouldn't be one of these traders that's going to get really excited about it uh but you're going to see that i think you're going to see people thinking that uh happy times are here again and i'm not so sure yeah there was a headline on zero hedge uh some may want to buy insurance on this
Starting point is 01:34:46 tiny 0.1 percent cpi miss in other words uh inflation increase um that sparked a face ripping rally and that's the key thing you know people have been looking at this and thinking well you know how much longer are they going to go before they lower interest rates as gerald salenti has said we got an election coming up. They want to do some artificial stimulation to the economy. They'll probably lower the interest rates just before the election and try to bring that about. And so with this tiny, teeny, tiny thing, they said, well, we'd expected inflation to
Starting point is 01:35:21 go up this much. And because according to our statistics, which,, you point out, we know they always lie. They always lie about the unemployment numbers. They lie about the consumer price index, and they always even go back and readjust previous quarter in order to make the trend look better. You know, so they do all these obvious lies. And based on this obvious lie, uh, you have this massive stock market rally.
Starting point is 01:35:46 And everybody said, that's it. They're not going to raise interest rates anymore. And they may actually start lowering them. And so that's really what this whole rally was based upon, was the fact that they put that out there. There was really, even if you believed it was true, there was nothing much that had changed. But they saw this as a signal from the fed that maybe they were going to ease up and they wanted to believe that i think because of what's coming around with the election so much of it the economy everything's really tied to the monetary policy which is why they started the federal reserve in the first place yeah uh you know i was reading something yesterday just statistics on what happened after we went off the gold standards. That's where my mind always goes. My wheelhouse gold was up 2000% from 1971 and 1979. What was the
Starting point is 01:36:32 stock market? Has the stock market kept pace with our inflation? I don't really think so. I think that's why they want to put people in all these financial products. I mean, when you were a kid, not every commercial was about financial products like it is now whether you're 401ks or iras or what stock or what what trading platform to be on that's so ubiquitous now because we're losing uh purchasing power in our currency every single day and the powers that be i think you know looking at the global picture which is really where you need to look when you're thinking about currency, is where is the dollar going? You know, losing its share of purchasing statistics, looking at the share of the dollar being used as a currency around the world. In 2001, it was 75 percent.
Starting point is 01:37:20 2023, it's 46 percent. So we're seeing this decline in the dollar being used as the world's reserve currency even Iraq I saw a tweet on gold telegraph Iraq has stopped it's illegal to use dollars or to withdraw them or to to take part in the the Iraqi economy with dollars now which is a huge departure from where when I went in they lost their currency overnight i got to see their currency with the the the denar with saddam on the face i got to see that die in real time you know people were running out of the banks with boxes of paper notes that nobody wanted and they used dollars so that's a that's a massive shift where they're not even allowed to use them anymore so i think that's happening more and more around the world. The dollar is the enemy,
Starting point is 01:38:06 especially to these petroleum rich countries that may or may not be on the United States hit list, or, you know, because we have the 40 different sanctions in 36 different countries. Another thing that popped up that I thought was really interesting, and I've wondered why for years, David, there's an article up on Kitco. I love your take on this. There's an article up on Kitco where there's an investigator who's trying to piece together the gold holdings of China. Because I've often wondered, why did they secretly, stealthily bought gold starting at the beginning of this century? They've been stealthilyily buying not putting it on their books uh gold is not exported from China China has 60 000 gold mines 60 000. wow and so somebody was piecing
Starting point is 01:38:52 this together and thought okay let's look at the actual numbers that flow through the Shanghai exchange and what didn't flow out and so this one investigator has estimated that China actually has 33,000 tons. Wow. And what that's in their populace. And then, and then nationally held about 16,000 tons. Wow. Well, right now,
Starting point is 01:39:13 supposedly the United States is the world leader in gold holdings because we haven't been a net buyer since the fifties. We haven't been adding to our supply since the 1950s. We have about 8,000 tons. So this, this investigator, I thought it was a really interesting article china stealthily buying under the radar using their exchanges using their gold mines their nationally controlled gold mines as a matter of fact robert kiyosaki who wrote rich dad poor dad had a massive gold finding in china as a private you know corporation went in there and an investor, he found the gold,
Starting point is 01:39:45 he had investors, he went to go pull it out of the earth and China stopped his permit and they took it over and nationalized the mine. So they are hoarding gold, keeping gold inside their borders. And they could have twice as much gold as the United States, which would give them leverage to step in and say, we're not buying, which they're not buying treasuries anymore. And I know that Janet Yellen thinks she can pay for two wars, two more wars on the credit card, but, you know, the main lender is dumping us. So China's dumping the treasury and buying gold. So there's something, I think geopolitically, I know that I'm not supposed to go because CNBC tells me there's going to be a Santa rally and everything's okay. But
Starting point is 01:40:28 I'm not so sure when China becomes the world leader in gold holdings, I think that changes the game significantly. Yeah, I agree. And when you look at Janet Yellen, I think she's had too many mushrooms in China. I think that somehow colored her judgment that or the power uh one or the other uh the mushrooms or the power has gone to her head uh she doesn't know what she's talking about but i think you're right yeah the chinese take a very very long term approach don't they you know for everything that they do and it is a criminal organization as you point out coming in and and nationalizing the gold mine that he finds. As you were talking about that, it made me think of the small-time crooks that we've got in this country, like the FBI, who went in.
Starting point is 01:41:15 Remember the story of these guys who found Civil War gold? And, you know, they had to report it to the federal government. The FBI comes in and says, we'll take a look at this. And they kick the federal government. The FBI comes in and says, uh, we'll take a look at this. And they kick the guys out and, there's all this noise going on and, you know, machinery and everything for several days. And they can't come in and look at it.
Starting point is 01:41:32 And then the FBI comes out and says, nah, there's nothing there. Not now. There isn't. And so, you know, I was told it.
Starting point is 01:41:41 So the audio, I hear these stories all the time. I was in my, my bank in Missouri. The teller there a few months ago was telling me, well, my family, they bought a table at an auction, and they were wondering why it was so heavy for so many years. Why is this table so heavy?
Starting point is 01:41:59 And then finally one of the legs came off, and they looked in and somebody stacked $20 gold pieces in the way, like in hollow. And so it was this minute. They had maybe a 200. I don't know how many they have, but it was a lot. I mean,
Starting point is 01:42:11 she says the legs were full of $20 gold pieces. Wow. And they called the FBI. Why? You own the table. And I hear, I hear people find a, of course they lost the gold.
Starting point is 01:42:23 Yeah. Oh yeah. They turned it in and lost the gold yeah oh yeah they turned it in lost the gold and uh because they can never get it back and it has to be an investigation because it's you know 1933 free 1933 gold coins and so this was considered gold hoarding you know so i mean long since been lifted through executive order to gerald ford that you can illegally own gold but that's something that fdr did you You hear this, these stories all the time. Somebody found a lot of,
Starting point is 01:42:47 you know, because people after 1933 started burying the gold. Not everybody turned it in. I have evidence of that in my shop because I buy these coins all the time. So if you, if you find gold coins, just call wise Wolf. I'll tell you what you can do with them.
Starting point is 01:43:02 You own them. I don't know what the, uh, why you would call law enforcement unless there's something, I don't know what the, uh, why you would call law enforcement unless there's something. I don't know. But if you, if you're on your land or it's your item, I'm pretty sure you own it. Um, well, it was, it was this particular case. It was like national park land or something like that. And it was tons of gold.
Starting point is 01:43:17 And so, you know, it's like, there's no way that they're going to be able to hide that. But I thought it was amazing. It was just, uh, you know, in your face theft and they're trying to sue them in court and try to get this thing has been going on now for years the first time i talked about it was about four or five years ago but um yeah it is um that that's kind of the the little penny anyway that our government steals from us but of course you know the chinese communists will come in and just say nope that's mine you know you're out of here and they do that all that's part of You know, you're out of here. And they do that all. That's part of the China price.
Starting point is 01:43:50 You always have to have, uh, the Chinese communists, uh, have to be your partners in it. You know, the upper ranking people and, um, they will steal your gold mine. They will steal the plans that general motors had for a car and, and do it in competition to them and, and release it a couple of weeks before GM releases their car. They do that all the time. You know, it's the piracy, the intellectual theft, and then just the outright theft of whatever it is that they're working on. But, you know, there's also, when we look at this, it's what's happening with gold. It's the financial markets.
Starting point is 01:44:21 It's the inflation and everything else and the manipulation of the prices, as you point out. You know, whatever China's doing and whatever is happening in the Shanghai, the paper gold market, a lot of discussion about that. But there's also this report from actually from a trends journal about how top bankers are dumping their bank stocks. And this is happening as, of course, banks everywhere, especially in the UK, they've talked a lot about it, dumping their customers. It's looking more and more like the banks are in a difficult position. You've got the commercial real estate issue is going to be affecting the middle-sized and small banks because when you had the 2008 crash,
Starting point is 01:45:06 they came up with new rules for the big banks that were too big to fail, but they still let the small and medium-sized banks get into these risky loans for commercial real estate, and now they're at big risk for that because that is all going belly up. There's going to be a sweeping erasure of small banks, and then the big banks are out there killing people's bank accounts for no reason at all thousands of people in the uk every year are just getting kicked off now of their bank accounts without any explanation or recourse we saw with nigel farage when they did to him because he was well known he was able to reverse this but that's not happening for most
Starting point is 01:45:41 of the people the thousands of other people who are having that happen to them yeah let's war game this out a little bit you go back to ftx and sam bank man fried and have that total collapse and it has to be it's crypto because crypto is the enemy you know there's all this speculation and uh it's all it's all a scam of course that causes the stress and the collapse of silicon valley bank and banks like silvergate which i used to send my wires to to get my bitcoin um and all these regional banks start having all this stress and some get bought up and i think that was always the point it's it's always consolidation to the larger and larger banks and this is a pathway to central bank digital currency that's right because you
Starting point is 01:46:25 only you're going to have just a few different banks kind of like you have a few different companies or really really a two or three you know with the with media holdings right uh that are parent companies so the same thing with the banks and they're all auditioning to see which one is going to better roll out fed now what's going to be the bones and structure of the central bank digital currency, you know, and maybe you're going to be debanked, but it's okay, because you can download your app from the Federal Reserve and get your central bank digital currency with your biometric data, David, it'll be attached to you through blockchain, so it's safe, and we can control the money supply, and we've had too much inflation. And the answer to that is a central bank digital currency.
Starting point is 01:47:06 It's always problem, reaction, solution. Them causing the problem in the first place, blaming it on something else that has nothing to do with that. And I think that's what this is all about. I saw the same articles. And I think there's a delayed reaction not to cause a bank panic. I think maybe there was a deal. They were told not to sell off their stocks until now. There's been a bit of a delay in what happened with Silvergate and what
Starting point is 01:47:30 happened with Silicon Valley bank and that those regional bank stressors, I think they're going to see more and more of those closures and the big banks are going to buy them up and buy their assets. And we're going to be in the middle of it because a lot of us are going to be debanked. I agree. Yeah. I think we're going to see the same type of narrative that a lot of us are going to be debanked. I agree. Yeah. I think we're going to see the same type of narrative that we saw with the
Starting point is 01:47:47 big social media companies. Well, there are corporations that can do whatever they want, private corporations. And we find out later on what we always knew was that they were taking orders from the government to do this kind of stuff. So if you get these, you know,
Starting point is 01:47:59 you wind up things like the commercial real estate and, and other issues like that, uh, start making these, uh, small banks and-sized banks got a business left and right. And then you got the big guys that are the ones left standing. And, you know, hey, they're private. So if they want to kick your bank account out, they can. But don't worry because we're the government and FedNow is going to, and FedCoin, you can use that kind of stuff.
Starting point is 01:48:25 And we'll give you the banking thing. These private banks, you know, they're not nice guys. But we're great guys. We're the government. And so we're going to let you come in and have your bank account here as the provider of banking services last resort. And, of course, it'll all come with CBDC and the digital ID and all the rest of this stuff. But, you know, they'll position themselves as a feature, not as a bug, as a savior, not as a sensor, I think is what they're going to do. I think the IMF came out and they said yesterday that, oh, the climate is really good right now for central bank digital currency. And they're laying that out.
Starting point is 01:49:04 This is the next move that central banks are going to make yeah no kidding that's the i think that the imf then they have uh the uni coin that they were proposing so all these central the central banks of central banks and the bank of international settlements uh talking about the same thing it's always some creative destruction at the beginning and uh you know we're gonna for safety and we have to regulate this and these are smaller institutions don't have the capacity to regulate it's kind of why they've they've pushed out a lot of the small operators in the crypto business David you better have some money now I was some of the first Bitcoin ATMs back in 2016 2017 and those days are long gone but you can hardly even get a bank account now.
Starting point is 01:49:45 I had to sell off most of that business. It's very tough to get into. And a new bunch of regulations, you know, if you want to deal with crypto and everything, more of these know your customer rules. I mean, they're ramping this stuff up to make it absolutely impossible to do any of this stuff. Jason Barker say we're talking about that stuff.
Starting point is 01:50:01 Civil asset forfeiture. That's what they did with the gold. We don't have to accuse you of a crime. We just, uh, just take it there. Uh, honor seeker says at least John Dillinger had some dignity as opposed to our federal government when he robbed the banks. But of course, uh, they're going to rob the banks and they're going to rob us as well. That's really true.
Starting point is 01:50:17 Uh, angry tiger. They must, uh, consolidate in order to usher in CBDC. I agree. Absolutely. And, uh, Angus Mustang, thank you very much for the tip. He said, so now we would have to verify our identity to use social media, but not to vote. Yeah, you'll never have to use your identity to vote.
Starting point is 01:50:35 You'll always be able to do that without probably your digital ID or your CBDC or anything else. You can just always go in and pull a I pull the lever and they'll pull the lever for you. Even if you're not there, I think early and often, you don't, you don't need your biometrics. You don't need, you don't need your digital wallet to do that. You can just show up. Yeah, that's right.
Starting point is 01:50:57 Well, you know, uh, again, this article here, uh, silver and gold, why paper still moves the physical prices. And that is one of the things, you know, in my IRA, we put it into some of these ETFs, you know, like GLD and SLV. And then I noticed that they were not moving. The spot price was moving as something phony is going on here. And I started looking at it, you know, talk about the difference with that. We've mentioned that before, how, you know, a lot of people get into it that way because
Starting point is 01:51:28 it's an easy way to trade it. You know, you, you buy it for a 10th of what, um, you know, they sell it, uh, the, the price is one 10th of, um, kind of, I guess the supposedly of whatever the price of gold is. Of course, that's a lot of different places where you can price it, but it's like a one 10th of an ounce that you can get into it. And it's as easy to buy or sell as a piece of stock is. And so a lot of people get into the paper, gold and paper, silver, uh, talk a little bit about, um, that decoupling and what is really behind it. You already mentioned, uh, you know, the, the kind of secret gold stash that China's got.
Starting point is 01:52:10 Does that figure into this kind of manipulation of the paper gold? How do you see that? I think so, 100%. I mean, we talked about gold holdings of these countries are more secret than their nuclear facilities. Yeah. Nuclear weapons are public than gold holdings. And this is this is an underlying war who gets to control the money supply of the world and the reason that in the west and especially our exchanges in my opinion and there's been a lot of great journalism
Starting point is 01:52:36 far beyond what i understand they control the paper market of gold to suppress the price of gold because the dollars at war with gold has been since 1971 because once we decouple from the gold standard richard nixon took us off of it close the gold window and we have a free floating currency we have a fiat currency which is latin for by decree and so it's it's that by nothing gold is out there on its own still being the world's reserve currency if you will um but not really called that it's just a commodity so when gold prices go up right you're what you're seeing is the decline of the purchasing power of the dollar so they in the 1970s you had like i said earlier 2000 increase a two thousand uh percent increase in the price of gold so they had to raise interest rates to the teens to stop the
Starting point is 01:53:25 loss of purchasing power in the dollar and that was under Paul Volcker in the Federal Reserve and so right after that they really controlled the paper market statement you can see them stepping in and in the silver market alone and I've some very smart people i've followed uh have noted that uh you know in times when people have tried to get the silver market to spike by buying silk physical silver like in february of 2021 uh they bought out i mean every dealer i knew was out of silver and the next day that the price went down in the in the spot price one could find it, but it was gone. And the reason is because the paper market sold off 1.5 times the annual supply in one day. They sold it.
Starting point is 01:54:13 It looked like it was being dumped. So the same thing with gold. How do you really know? It's hard to say, but the central banks, again, working hand in glove with the bullion houses, can manipulate that. And they can make it look like the gold is being sold off or it's not as sought after. I promise you, if you took away the paper markets and you were forced to get physical in your hand gold or silver, those prices would be dramatically different. I don't know what they would be, but it would be different than what you're looking at now. That's the true manipulation is to suppress it, which kind of flies in the face
Starting point is 01:54:50 of what normal people think, because if you're doing insider trading, you want to get that price to spike or you want to get some kind of profit from it. And so it's counterintuitive to what we understand. But the United States and the Federal Reserve are at war with gold. They have been for a while, and that's going to continue. Especially when you talk about those gold holdings, we haven't added to it. There's only one central bank not buying it. It's us.
Starting point is 01:55:16 The United States is not buying. It's not a net buyer of gold anymore. It hasn't been since the 1950s. Yeah, yeah. Harps says paper, gold, and silver are really just expensive toilet paper. You know, when you look at any of this stuff, the way they can manipulate it, and that's the key thing, you know, real money is what you hold, and real money is gold.
Starting point is 01:55:35 And so you have to – it is – they have so many different ways that they can manipulate the market, you know, just as the Federal Reserve can just out of thin air, you know, create money. Wall Street can do the same thing. I mean, just look at the way they spend these narratives and so forth. But for the longest time, as I pointed out earlier this week, Moderna went for over a decade, had no product, but they kept making tons of money with great stories on Wall Street. They'd give people this great story about this new product that's going to be coming along, and everybody would buy their stock. They would cash in some stuff, and they would keep going, and then that wouldn't pan out.
Starting point is 01:56:15 So then they would come up with another story about another product that was also vaporware until they got to Trump. But I saw that with Blockbuster Video. They were able to put that on the stock market because we were competing with them. They were able to get unlimited amounts of money from the stock market, even though they were losing money every single year. And then they would use that ability to lose money. They would use that to put mom and pop stores out of business. I remember them coming into our area and putting, they would select one retailer at a time and they would use that to put mom and pop stores out of business. I remember them coming into our area and putting, you know, they would select one retailer at a time and they would put a big store right across from them or right in front of them in an out parcel when they were in
Starting point is 01:56:53 line in the shopping center and put them out of business. So they use that for predatory practices. It's the same way that, you know, they manipulate the gold and silver markets. These people who have, you know, these markets have allowed them to do this type of thing. So I think the real key is when we look at the long thing that I find interesting about the gold stuff is not what is going to happen with inflation or the rest of the stuff. But it's about this complete financial system reset for control and surveillance. That's what concerns me about it. Gold is freedom outside of that system. If you've got physical gold with you, no counterparty risk, you're in a lot better
Starting point is 01:57:34 position than having your funds in a bank. And I'm not telling you to go close your bank account. I'm just saying you look at the pressure on regional banks or banks that are friendly to people like human beings don't treat you like a number uh those banks are under a lot of pressure and are going to be in the future especially with these economic changes they're only going to benefit the few so having having something outside of the system especially gold and silver is really important and knowing how to use that knowing that what kind of product you're going to get from a dealer is very important right now because there isn't going to be enough supply. The people that are watching CNBC and
Starting point is 01:58:12 think there's going to be a Santa rally, I don't even know where to begin because you're talking about a system that you just discussed earlier. It's no longer based on profit david yeah that's right we're not our our stock market's no longer based it's all fake and it stems from having fake money i mean uh jp morgan said that uh gold is money and everything else is credit wrong everything else is debt now and these these companies that are running they're zombies they don't make money but they don't die so i don't buy into this system and i don't think there's going to be a good outcome here other than what they are engineering, which is a reset. I mean, it's a financial reset. So the best way to be outside of that is to have something with no counterparty risk and something that's always been money and always will be.
Starting point is 01:58:58 And that's gold and silver, in my opinion. Yeah. Oh, I agree. Yeah, it's going to be they're going to lower the hammer i mean we just saw this again in australia they had a major internet provider go down and telecom company and nobody could get do any transactions because they made everything so cashless it's such a vulnerable system if you don't actually physically hold it. And then, you know, in terms of infrastructure, they had some kind of an attack on 40% of their ports got shut down
Starting point is 01:59:29 and stayed shut down. And that was probably also, you know, that was definitely a cyber attack of some sort, probably on the financial side of that. But again, you know, we've seen this over and over again. The attacks come on the financial side. And so as we become more and more tied to that, I think it's going to be more and more vulnerable.
Starting point is 01:59:46 Handy says this year was the first year I've seen my county accept a digital wallet as a payment option for property taxes. There'll probably be a requirement for certain interactions with the government to use some kind of a CBDC. But again, it's going to be a mix for people to be able to be a little bit outside of that system. Before we end, tell us a little bit about what's going on at Wise Wolf. Well, a couple of things.
Starting point is 02:00:12 There's never been a better time, I think, in history to really examine being part of this system, like we just discussed, being part of the stock market, the 401Ks, the IRAs, and all the things that were set up after 1971 to help you not remember that you're losing purchasing power in your dollar or not realize it. And we make it really easy. If you've got an existing IRA or 401k, you can go through davidknight.gold. I'll roll that into physical gold and silver. So you can get physical gold and silver bars, coins, whatever you'd like, if it fits the IRA parameter. And that's your physical gold and silver. It has to go into a third-party vault. We make it really simple.
Starting point is 02:00:51 I've got the process down pretty well. So you can go to DavidKnot.Gold and check that out. We're happy to answer any of your questions. And on the other end of that spectrum, we've made it really easy to get physical gold and silver on a monthly basis through Wolfpack. Same thing, davidknott.gold. There's a tab that says join Wolfpack. Lowest $50 a month, you can join the Lone Wolf program. We send you fractional silver, sometimes gold.
Starting point is 02:01:17 Especially in the higher tiers, you'll get fractional gold, but all sorts of variety, different coins. Gold packs, the gold back notes, We bought more of those this last week. And so much variety. I mean, sovereign coins, generics, bars, everything you can imagine flowing through Wolfpack. We've got nearly 800 members. I'd love to see that get to 1,000. I think that should be our base level because the more people that join, the better prices I can get, the better buy-ins. And I've been doing a lot of great buy-ins lately.
Starting point is 02:01:46 So go and check that out. And I would also mention too, David, one of the problems, I was just in Las Vegas last week. I set up a new media company. And you're going to be a part of that with FreeWorld.fm. I just got to get the hookups done on your show and my show. But we're already streaming. FreeWorld.fm is up and it my show. We're already streaming free world. FM is up and it's live.
Starting point is 02:02:07 It's going to be a free speech platform and with great hosts like yourself. And I'm asking any of your listeners, just give us a try. We're going to, we're working on the logistics right now, but it's another, it's another lifeboat for those of us who want free speech. I'm just using the,
Starting point is 02:02:23 I'm making hay while the sun is shining. If I've got a little bit to put in to invest, I'm investing in us. So I was out doing that last week and I set up a new media company. So freeworld.fm and it's going to proudly host the David Knight show every morning. Yeah, we've been trying to get it on there. We've got a couple of issues because of the platform that the platform that's there and the, and you know, the it's Mac or, or BC that's there. So, uh, Travis is not here when he gets back. We're probably going to be able to get that, you know, have enough manpower
Starting point is 02:02:53 that we can get that, uh, solved, but yeah, looking forward to doing that. I got one question before you go. Atomic dog says, David, can you ask Tony if platinum will remain flat or does he see it moving higher soon? You don't get involved in platinum, do you? It's just gold and silver or do you do other metals? I deal in platinum. We had one of your listeners had a pretty large IRA and bought a significant amount of platinum about a year ago.
Starting point is 02:03:19 I had to source them. And your government mints make platinum like Canada, the United States. Most all government mints have platinum. You know, it's used in catalytic converters and other things that, you know, acquire that for the technology. That's been flat because of, you know, the production of cars and other things that are going into the EVs. But I do think that just over time, I think platinum will move just for the sheer fact that the dollar is losing purchasing power. So there's other uses for platinum beyond auto manufacturing, and I think you're going to see more and more of it. So I do think platinum has a potential to move.
Starting point is 02:04:00 It's definitely not going to be something that's going to be discarded. So, yeah, I mean, there's, I think there's a lot of upside to platinum. Well, that's good. Yeah. Maybe even a copper, who knows? It would get the original copper pennies and stuff. Exactly. Anything that's physical, you know, I mean, they want to, they want to put us in a virtual world.
Starting point is 02:04:17 We got to go counter to that. They want to consolidate everything globally. We need to go local, everything that they want. We know what they want. We go counter to it. And it is so, so good to have you tony and thank you for what you're doing looking forward to the free world.fm platform and um and all the other things that you're putting together thank you so much for joining us appreciate it thank you thank you all right folks we're going to be
Starting point is 02:04:40 back in just a moment and we're going to be connecting to Mark Thornton, who is a senior fellow at the Mises Institute. And we're going to talk some more economics, and we're going to talk specifically about what he saw happening a few years ago and what he thinks is going to be happening from his perspective. We'll be right back. In a world of deceit, telling the truth is a revolutionary act. You're listening to The David Knight Show. Join us shortly when we stack things up back to back. We have to do the invitations sequentially. But he should be joining us very soon. Well, we're waiting for him to join.
Starting point is 02:06:00 Steve Malloy that I've talked to many times and his site is junk science. As he's pointing out, you know, Tony was talking about how the move away from internal combustion engines is depressing the demand a little bit for platinum because of the catalytic converters and things like that. But Steve Malloy says EVs are easily the biggest failure of centrally planned industrial policy in U.S. history. Yeah, we're going to have a lot of these things because they're centrally planning everything now. The windmills are failing. We've had companies like Solyndra and others are failing. They want to do everything in a central way. They're centrally planning our central grid, and they're planning to take it down.
Starting point is 02:06:41 It says, despite massive subsidies, Ford lost $30,000 per EV sold in 2022. 2023's losses will be even greater. GM has abandoned its target of selling 400,000 EVs next year. 10 years of EV driving requires 50,000 in taxpayer subsidies. He says that's equivalent of a gasoline costing $17.33 per gallon. Think about that. Because of government subsidies that we're all going to wind up paying. And he says that's just for openers.
Starting point is 02:07:12 Okay, we've got our guest ready. I'm going to take a very quick break, and we're going to be right back. Stay with us. © transcript Emily Beynon Thank you. Analyzing the globalist's next move. And now, The David Knight Show. All right, welcome back. Joining us now is Mark Thornton. He is the Peterson Luddy Chair in Austrian Economics and a senior fellow at the Mises Institute.
Starting point is 02:08:51 And so I want to talk to him a little bit about the Mises Institute. I refer to their articles frequently. And so I'd like to talk a little bit about what do we mean by Austrian economics, who was Ludwig von Mises, and a little bit about the Mises Institute. But he also wrote a book that is available at their site, Skyscraper Curse. And it looks like with a crash in commercial real estate that we're going to be looking at a skyscraper curse coming back, the return of the curse. But joining us now is Mark Thornton.
Starting point is 02:09:21 Thank you for joining us, sir. David, it's great to be on your program, but with government solving all the world's problems, I'm not sure if we're going to have anything to talk about. That's right. If we've got a problem, we just have it done by government, but especially at the federal government level, because that's all the problems that need to be solved there. Tell us a little bit about the Mises Institute. The Mises Institute is now 40 years old.
Starting point is 02:09:44 It was founded by Mr. Lou Rockwell. We're right here in Auburn, Alabama, and many others were the smallest but fastest growing school of economics. And I think it's the science really behind free markets. And we're trying to get it out to as many people as possible. That's right. Yeah. Give us a little bit of an idea of the audience. When we talk about Austrian economics, several of the founders were from Austria, of course.
Starting point is 02:10:28 But, you know, what is it that's different about Austrian economics versus what we typically have with our, you know, what people learn in college with macroeconomics or Keynesian economics and things like that? Tell us a little bit about what distinguishes Austrian economics from that. Well, it was founded in Austria by Karl Menger in the 19th century, and one of his primary students was Ludwig von Mises, and Ludwig von Mises applied Menger's method, which is based on deduction and logic and human action rather than on mathematical models and econometric analysis, plug in the numbers and see what comes out or see what you want to come out.
Starting point is 02:11:13 And as a result, the Austrian school was basically able to develop economic principles about the laws of supply and demand marginal utility those kind of things those basic things that you see in an introductory textbook and everybody can basically agree on them but most economists which we call the mainstream they go off you know and use their mathematical models and their econometric analysis to come up with anything they want but with Austrian economics you have to stay very close to the logic of human action and through that method that Mises developed he was able to develop modern monetary theory in his very first book. He was able to critique socialism in the socialist calculation debate and prove that pure socialism was an economic impossibility. action basically laid out everything about everything from basic economic analysis to things like the business cycle and fiscal policy and everything else that we want to
Starting point is 02:12:35 basically talk about today he was the person who put forward all of those great contributions. And that's why we celebrate him. And we try to extend his work and to teach his work here at the Mises Institute. And it's still not, you know, um, I know when I was in college and I was taking economics and we'd get to macroeconomics and it was like, okay, forget all the, the, you know, the real physical world of how your budget work and everything. Because if we're the government and we make government and if we make this thing really, really big, then none of those rules apply anymore. And it's like something about this seems really fishy. This is kind of like saying if I get a big enough rock,
Starting point is 02:13:15 it's going to float up into the sky. That's right. It was like that just doesn't make any sense to me. And Austrian economics is really, as you point out, it's more focused on human action, on reality, than on this obfuscation, this fiction, that I think that Keynesian economics has really been capable of explaining things because it hasn't, but it's been a useful crutch for the central planners, hasn't it? Oh, absolutely. You know, we stick with supply and demand in real world prices for the most part. for those who have suffered through it in introductory college courses, God bless you, is more like an exercise in plumbing where you have a series of pipes and valves and you have leakages and injections and all sorts of plumbing-related problems that seemingly the
Starting point is 02:14:22 expert plumber could fix simply by turning a dial or tightening a pipe or soldering something together. And we all know that the real world economy in the U.S. alone is made up of 330 million people. The worldwide economy is many billions of people and they're all doing their own thing and the Keynesian approach the Keynesian macroeconomic approach of turning a few dials uh overlooks all of the basic problems overlooks the negative effects of taxation the negative effects of regulation. They just assume that, for example, regulations will fix problems at a zero cost and the world will be happy thereafter. When in reality, it distorts all sorts of decisions on the part of entrepreneurs, on the part of input suppliers, and on the part of consumers and laborers, and basically just gums up the work. And so Austrian economists try to stay very close to the real world and how it actually works. And as a result, we have a general policy outlook where we want to have the government have hands off as much as possible in every conceivable situation to allow the free actions of individuals that respect property rights and so forth, that that's the way to allow people to achieve their potential. And in achieving their potential, they're really serving other people.
Starting point is 02:16:13 And it's really, you know, economics is thought of as, you know, a fierce cutthroat competition thing, but 99.9% of it is cooperation between employer and employee, between the consumer and the supplier, between whole giant worldwide webs of networks of the factors of production coming together in order to produce the goods that we want to consume. So it's really much more of the idea that the economy is cooperation and competition certainly exists. We all compete on the basis of price, whether it's the price of our products, the price of our labor, the price of the resources that we own, and so forth, we all have to compete at that level. And that profit and loss statements that we all have to measure up to keeps us all, in
Starting point is 02:17:19 a sense, honest in this game of competition and cooperation. Yeah, that's a good way of putting it. I especially liked your analogy of it's this complicated plumbing thing. I think of it, maybe they should call it the Rube Goldberg School of Economics. Keep adding another complicated bag on the side. Oh, this didn't work. Okay, let's add this other complication to it. It's highly analytical.
Starting point is 02:17:41 It's highly complicated. It doesn't really work very well. I've always thought of this as I've always thought of the free market as versus Keynesian economics as a neural net distributed system versus a centralized computer. It just seems to me that, you know, even if they think that they are the smartest person in the room, there's no way that they've got sufficient information to be able to do that. That's the invisible hand and the open market where everybody is interacting with each other. And that's the one thing that they haven't been able to grasp.
Starting point is 02:18:19 When we look at the central bank digital currency and the surveillance aspect and the control aspect of that that they're trying to impose on us, to me, it seems like, again, because it's ultimately authoritarian, it isn't like they're going to look at this and say, well, what would be the most efficient way for us to do this or that? Now we've got more information about what everybody is doing. I think it is simply more of a ham-fisted authoritarian centralized approach. Uh, it's not really going to be, uh, leveraging a technology to even get a better view of what is happening. So, uh, they can run the system. They just want to run the system, whatever happens, they want to make the system run to their advantage, I think is really what we're looking at.
Starting point is 02:19:02 What do you, what do you think about this coming central bank digital currency, the efforts to do that? Are we going into a more centralized control approach in economics? Are they going, you know, certainly that's what the politicians want. Oh, yeah. The central bank digital currency, the only positive is that it's positive for central banks and positive for the government to oversee and be able to check on everything we do yeah there's no positive economic benefits to having that type of system if they really wanted to have a close to ideal monetary system where they didn't need
Starting point is 02:19:48 monetary policy at all where they didn't need the vast bureaucracy thousands of econometricians uh and and tens of thousands of bureaucrats uh to manage the system then they would go back to a gold standard that we established with this country, and silver money and things of that nature. That is the ideal monetary system for a human economy. And the idea that, you know, well, you can have digital currency, you can have digital money, but there's no benefit that they can describe that isn't just solely a benefit to the central bank and the government itself.
Starting point is 02:20:34 It would be terrible for the economy. It would hurt a lot of people. There's memes going around on social media of all the harms it would do to certain groups. In particular, as is typical with policy, it would hurt the most disadvantaged groups in society, from the paupers and the poor people, the beggars, to people who live hand-to-mouth, to the people who don't have bank accounts what are those people supposed to make of this uh central bank digital currency uh they're completely shut out all sorts of transactions that we make on well in the fringes of society to you know the streets of
Starting point is 02:21:22 manhattan uh cash transactions are absolutely necessary and required it's really the only way to conduct a business um of any sort for those particular groups and of course it helps uh large corporations it helps the government it helps the taxing authorities um it helps the central bank. I think they're probably going to lure those people in with a lure of welfare payments and health care, because that's what they've already done in India. Take the number, and you get this stuff, because it's all about dependency. That really is a key way that they want to, to pull people in. I think they'll use that dependency to, to rope in the poorest people and to get them
Starting point is 02:22:12 to take the ID, to take the central bank digital currency. I think that's, uh, you're right. They're going to victimize them. They'll be the first ones, uh, inside the open air prison being surveilled and controlled with everything. Uh, you know, they, they could make the argument that, hey, we'll be able to have more visibility about the metrics of the economy. We'll be able to fine tune it and do that better.
Starting point is 02:22:34 They may make that case, but that's not why they're doing it. They're just doing it simply for control, right? Yes, and I anticipate that they're going to cause some crash of the system in some way. And we're already seeing little hints of this where transactions between banks and settlements between banks are getting gummed up at various points in the system. And I think that a comprehensive crash of the system would scare people into accepting this idea of a central bank digital currency. And that's something that they could pull off really at any time. And even if they didn't do that of their own volition, of course, we are talking about government and they have screwed up everything else. And so they can certainly manage to do
Starting point is 02:24:00 something like that as well. I agree. Absolutely. By accident. Yeah, I agree. I got a comment here from Gard Goldsmith who has a Liberty conspiracy. And he says, when I was teaching Austrian economics here in New Hampshire, it was great to see how many students got it and then continued their education
Starting point is 02:24:16 by watching Mises Media and getting Mises Institute documents. That's good. And of course, I want to talk about that as well. And I want to talk about your book well. And I want to talk about your book, which is available for free, right, at TheMises.org. Of course, people can also get an audio book. There's a fee for the audio book, but you have it in various PDF and e-book and things
Starting point is 02:24:38 like that for free. And I want to talk about how that really seems to be folding into another big problem that's come into the economy. But before we get into that, Gard also commented about Lugwig. And he says, Mises almost didn't make it out of Nazi territory. He and his wife were trying to make it to France, I believe, and almost were arrested by the SS. Richard Ebeling did great work in the 1990s in saving a lot of his work that the soviets had stolen at the close of world war ii amazing stories related to his work and life and his economics that's interesting you know uh i i wonder why these uh centrally controlled economies like nazi germany and
Starting point is 02:25:16 the soviet union would want to have his works except perhaps to destroy them right yes when the nazis invaded austria one of the first things they did was send a crack troop of intelligence officers to mises apartment to get him and his papers and so forth but he had already left the country wow they took his papers they took his furniture and everything and brought it back to an intelligence lab in Germany. And we thought the papers were lost, but Richard Albelin and others found the papers in an intelligence warehouse in the Soviet Union. So when the Soviet Union invaded Germany,
Starting point is 02:26:00 they took all of Mises' materials, thinking because Mises had discovered that pure socialism, which both the Nazis and the commies both advocate, you know, complete socialist control. The Nazis were the national socialists, yeah. The Nazis were the national socialists, that's right. Yes. So they both wanted this complete totalitarian socialism.
Starting point is 02:26:27 Mises said, no, that's's impossible you have to have property rights you have to have prices you have to have money uh you know wage rates and all those kind of things determined in marketplaces and so the nazis thought that mises had held back some secret of how you solve the problem of socialism. And then the Russians, the Soviets, also thought that Mises had hidden that problem. And, of course, there was no solution. Mises didn't have the solution to socialism except to get rid of it, to abandon it. And, of course, the world has seen not only was Mises right about the fallibility of any kind of socialism, but they've also seen that throwing off the socialist yoke in Eastern Europe
Starting point is 02:27:15 and the former Soviet Union, and to a large extent in communist China once they once you throw off this yoke of complete totalitarian socialism production starts happening people are better off people live longer people are happier um you know and all of these things uh that mises predicted about the economic system came true and uh you know and we could do that here in the United States. You can do that anywhere in the world. Just reduce the amount of socialism and government in your economy, and you'll get the benefits of the free market economy. Yes, yes.
Starting point is 02:27:59 And of course, this isn't a theory. We've had massive experiments to prove it. Just take a look at East versus West Germany or North versus South Korea. The same people, exactly identical. And what you do is you cut the country in half and you have half of them living under a centrally planned economy. The other half have a freer economy, if not a very free economy. See the same thing with communist China versus Hong Kong. And, of course, Milton Friedman did a long series, Free to Choose,
Starting point is 02:28:30 where he spent a lot of time talking about Hong Kong and how things at that time were very free in Hong Kong. So we've had the experience, and we know exactly what this looks like over and over again. If you had a satellite picture, I've seen this over and over again, a satellite picture of South Korea at night, and it's all lit up, and North Korea, it's all dark because there's nothing there. They just completely destroy everything with their economic system. There was something that was, I can't remember the name of it.
Starting point is 02:29:01 I'm trying to think of the name of it as we started the interview here. It came to mind. The economic theory that's being put out by the Biden administration and these other people, it was really kind of the basis of their so-called Inflation Reduction Act. There was a woman who came up with this, and she kind of rejected the technical aspects of keynesian economics uh she kind of simplified it and and everything but it's still uh just an excuse for the government to do whatever they wish i maybe you remember the name of i can't remember what modern monetary theory that's it modern monetary theory i mmt and i used to always call it the the magic money tree you know that's what it really stands for so yeah
Starting point is 02:29:43 modern monetary theory uh yeah that's a long established fable that goes back uh for centuries really um and is it it is the basis really of our monetary policy the idea that you can print up pieces of paper to create economic prosperity that you can take in can in paper that are very well and good and productive put them together in the form of a dollar bill or million dollar bill or trillion dollar bill and somehow or another that's going to create more resources it's going to create more
Starting point is 02:30:22 workers it's going to create more workers, it's going to create more energy and more productivity and more products, goods, and services. It's always been thought of as a fable by economists, except now that we get to more recent times where economists are so unhinged from reality that they believe well maybe this does have something to it maybe we can just print up money and input unemployed resources to work and so modern monetary theory basically says that you can borrow you can print and you can spend to keep the economy on an upward and always upward trajectory rejection that any shortfall from full-employment any shortfall of GDP growth from trend you can just make up
Starting point is 02:31:21 by borrowing and printing money and then having the government spend it. But actually, you know, right now I think is a good case in point because right now the government statistics tell us that GDP is growing at a fairly brisk pace. And yet when you look around the country, and I'm sure many people in your audience right now are suffering from inflation and lower wages and things of that nature, why all the economic suffering in an economy that's growing at a brisk pace? Well, the problem is that they've been printing up money, they've been borrowing money, and the government has been spending it on programs and subsidies that don't make sense in the family budget. electricity that they're producing. They're actually doing things that actually undermine
Starting point is 02:32:27 the production of food, clothing, shelter, and so on. And so that disconnect of economists and the implementation of that disconnect, that modern monetary theory disconnect, we're seeing that in real life today. Yes, the government is borrowing, the government is spending, the government is printing up money to pay for the whole thing. But what happens in the real world is that we're not getting the things that we actually need. We're just getting entries in national statistical accounts that don't put bread on the table. Yes. Yes. Yeah. We've never had a more centrally planned economy where they're planning to shut down our energy infrastructure, change all of our transportation system, and they don't have anything that works to take its place.
Starting point is 02:33:22 It's all just rewarding their friends. And I look at this modern monetary theory, like you point out, it's just taxes and printing money. And you can't replace supply and demand with taxes and printing. But that seems to be what they think they can do. And you look at the inflation reduction tax, whatever they called it. They decided that when they print this money up, they called it. You know, they decided that, you know, they give all this, when they print this money up, they give it to their friends. And if things get out of control, they raise taxes on their enemies.
Starting point is 02:33:51 You know, it's really kind of the way this thing works in practice. And so it's just another excuse, again, for what it is that they want to do. You know, and so they use it as kind of, they use these economic theories as kind of their court gestures to do whatever they want. But if we get back to the real world, when we look at Austrian economics, in the real world, it's got to follow the same examples that you Skyscraper Curse, and how Austrian economists predicted every major economic crisis of the last century. Now, that's pretty large, but we've got this developing commercial real estate problem that seems to have been kicked off by the lockdown and people working from home and the vacancy rates and everything. And even in a booming area like Shanghai, because the Chinese communists wanted to show their power, I think was perhaps their motivation.
Starting point is 02:34:54 I'm kind of reading into what their motivation is, but it seemed to me like it was a power play, kind of like Mao's Cultural Revolution or the Great Leap Forward. He decided that he was going to lock down Shanghai and show his authority there because maybe they're getting a little bit too much freedom and a little bit too much independence. And now you see there and in Guangzhou
Starting point is 02:35:12 and so many other places that were bustling and unbelievably crowded when I was there. Now they're ghost towns that are happening. And there's a concern that, you know, even though it's not at the same dire straits that Shanghai is in, uh, New York city has got, uh,
Starting point is 02:35:30 vacancy rates of about 40%. Um, and, you've got a lot of people are holding, uh, these, um, high interest rates that are variable,
Starting point is 02:35:38 but are just, you know, collapsing and turning them back in. How does that, uh, current phenomenon, how does that fall back into what you were talking about back in 2018?
Starting point is 02:35:50 Well, the skyscraper curse is just really an illustration of the Austrian business cycle theory. And the Austrian business cycle theory turns on artificially low interest rates. That artificially low interest rates now artificially low interest rates now cause entrepreneurs to make bad investments investments that won't pay off in the future when interest rates rise and so of course we had more than a dozen years of artificially low interest rates because of quantitative easing, because of zero interest rate policy, all sorts of Fed mechanisms to reduce interest rates to spur on the economy. They wanted to turn the dial down in order to increase
Starting point is 02:36:42 investment and increase employment during a slow time in the economy. But of course, it was slow because of the housing bubble, the previous housing bubble. And things started to look really bad after I published my book in 2018. In 2019, the economy was going down the tubes and it was essentially saved by COVID and the COVID rescue package, which sent interest rates back down to zero and the Fed soaked up trillions of dollars of government bonds and mortgage securities. So for those couple of years, you could borrow money essentially worldwide at almost no interest at all. And so we had a big boom of additional spending, investment spending in commercial real estate on top of all of the real estate that had been built over the previous decade. And so we have a massive overhang of real estate, commercial real estate, office buildings, houses, you name it.
Starting point is 02:37:55 We overbuilt it. And now that inflation has forced the Fed's hand and force them to raise interest rates to try to squelch the price inflation that they in effect caused, now we're seeing the initial signs of breakage in commercial real estate. Skyscrapers, big and small, are failing. They're going into bankruptcy. They're being resold at a small fraction of what they originally cost to build or what they might have been sold for a few years ago. Now they're selling for pennies on the dollar or quarters on the dollar. And I expect to see much more of that going forward with the Fed holding interest rates higher and possibly inflation remaining much higher, much longer than anyone in Washington, D.C interesting way to look at it. And I thought about it as you were talking about it. I never really, you know, we talk about the stimulus checks, you know, that they tried to appease people that they locked down and put out of business and put out of work.
Starting point is 02:39:12 Now, here's your little stimulus check. But they wrote a really big, gigantic stimulus check to all the big guys, the big players, the big banks, the Wall Street people and everything gave them a massive stimulus check to keep this thing going. And it seems like, you know, the first bubble, when they created the real estate bubble, the residential real estate bubble low interest rates, they kept them down for a very long time.
Starting point is 02:39:35 You look at that one point the federal reserve just starts raising it, you know, like every, every month or whatever, a quarter of a percent, you know, 25 basis points. And, and then they just went that, and until everything popped and it crashed and then they started doing the same thing again, but even bigger. And, and then as you point out, you got the stimulus check, uh, that's written with a low zero interest rates, uh, to all these, uh, bankers and, and, uh, businesses and, uh, as part of COVID.
Starting point is 02:40:04 And then they start the, the whole cycle has been started all over again since the real these bankers and businesses and everything as part of COVID. And then they start the whole cycle has been started all over again since the real estate market crash, as you point out, with all the quantitative easing as well as interest rates and everything. They created it and did it even bigger this time. And then they started when uh, when they won, when it came time for them to burst it, they started jumping it about three or four times as much as they did the first time and created massive disruption with this. Uh, so,
Starting point is 02:40:34 uh, as you're looking at this, you're, you're thinking that, uh, we're going to continue on, uh, with inflation quite some time.
Starting point is 02:40:40 Do you think it's going to go into a hyper inflation, uh, type of a scenario like we've seen in argentina or venezuela or some other place zimbabwe or something are we going to go into really really high hyperinflation how do you see this well i mean i'm worried about that because it's not just real estate that's been borrowing money but the federal government has been borrowing you know trillions of dollars of new money, trillions of dollars rolling over of the national debt. And remember, they were borrowing, you know, 10-year government bonds for less than 2%.
Starting point is 02:41:16 Many governments around the world were borrowing money at less than 2% for 10 years. And now they're having to start rolling over that stuff. And so interest payments on government debt is rising because everybody's upside down on their portfolios. And as a consequence, the interest payments on the national debt have risen very sharply from a half a trillion to near a trillion dollars now in a very short period of time and we're adding a trillion dollars of national debt it seems like every few months and you know we're we're on pace to be borrowing trillions more over the next fiscal year with that interest payment on national debt increasing
Starting point is 02:42:08 over time. And so, and the Fed itself is upside down on its portfolio. So it is losing money now for the very first time. It's lost $100 billion in the last year, it's probably projected to be losing 200 billion dollars, and that's added into the government's debt. And so everything is going in the S&P 500, if you take them out, the stock market is either flat or falling and has been, if not for those seven giant tech companies. You know, so that's just not a good sign. And the other thing that's been holding up is the U.S. dollar. The value of the U.S. dollar has been holding up, and it's precisely because all of the other currencies in the world are so weak that people are sending more and more of their money to be invested in the United States as the least worst currency in the world so that's been
Starting point is 02:43:27 holding up but once that starts deteriorating uh and that starts fueling oil prices directly for example uh yes I mean we're we're on the path to hyperinflation. We're early enough now that we could do something about it. But, you know, there's no stomach in Washington, D.C. to make the kinds of changes, slashing government spending, cutting taxes on workers and investors, rolling out or rolling under vast swaths of government bureaucracy, returning those resources to the productive side of the economy. That's what we really need. And there's no stomach in Washington, D.C. for need and there's no stomach in washington dc for that there's no stomach for reducing welfare payments and curbing entitlement programs all of those things seem to be off the table generally and those are exactly the types of things that need to be on the table immediately so that we can get off the road not only to
Starting point is 02:44:46 hyperinflation but of course hyperinflation uh is just one step short of the road to totalitarianism and dictatorship so this this you know it's not just that prices go up and everybody has more money in their pockets and so forth. This is the road ultimately to the destruction of the economy and the destruction of the American way of life. I agree. And the takeover by totalitarian government. We're all, you know, everybody recognizes that that's the direction we've been going with the covid lockdowns and so forth that's the direction that the our politicians have us uh in the direction
Starting point is 02:45:33 of i agree yeah they want us on the road to serfdom uh because they'll be the feudal overlords they're going to be running this i mean you know we look at this like no we don't want to go the roads but they do and and that's one of the reasons why I think this appears to be really kind of a deliberate takedown. You know, I think it was last week. I think they did hit a trillion dollars in terms of just the interest payment on the debt. And I think I reported that last week. It did hit finally a trillion dollars because I was like, wow, it's amazing. But as you point out, they keep going further and further into debt and the interest rates keep going higher. So, of course, that's going to happen.
Starting point is 02:46:05 And the famous saying, The Road to Serfdom, was actually the famous book by F.A. Hayek, who was a student of Ludwig von Mises. And Mises and Hayek both wrote books in 1944. Hayek wrote The Road to Serfdom. Mises wrote the book Bureaucracy, where an omnipotent government as well, Mises wrote. And they were warning us that the tendency in American government that far ago was that we were going in this direction where we just felt good about having more government programs. But ultimately, you would get to a point where the people no longer had control over their own very government.
Starting point is 02:46:57 That's right. Yeah, that's the path that it always takes. You know, when you talked about the fact that the dollar is doing well because we have the least worst of the central banks, it reminds me of, you know, we've got, I think it's this weekend, there's going to be the election in Argentina with Javier Malai, who is a free market economist. I don't know if you know him or if he's connected with you, but that's one of the things he was saying. We've got to get rid of the Argentine, I think it's peso, and we've got to replace it with the U.S. dollar. He says, I think all central banks are awful, but he said exactly the same thing.
Starting point is 02:47:31 He said, you know, they're not as bad as our central bank. Do you know anything about Javier Malai and what is happening there? Has there been any correspondence with the Mises Institute and him? Well, he's not affiliated with us at this point, but we've written about him on our webpage several times, and we're following him very carefully. He considers himself an Austrian school economist and a student of Murray Rothbard, who was really the great modern Austrian economist and our first vice president for academic affairs. So he's very much in our camp. He's a very obviously intelligent person and he's got the right instincts with respect to policy and he doesn't want to make the U.S. dollar the currency of Argentina, that's just a transition policy away from their hyperinflationary tendencies down in Argentina. They've tried these kind of measures in the past,
Starting point is 02:48:35 and ultimately they've come back to fail. And that's why he views dollarization as a temporary transition policy back to a sound monetary system of gold and silver, where everybody out there in the economy, their money is gold and silver coins, something the central bank can't do anything about, something the money that has an intrinsic value and cannot be printed at the whim of a central banker or at the whim of some economist or a politician. Yeah, so he's definitely from the Austrian school. We have very high hopes that he'll do well and he'll be able to implement a lot of his reforms but basically he wants to cut a lot of government spending down there i mean they have a bloated government sector down there which forces the current government to print money
Starting point is 02:49:40 to pay for it if you cut the government sector significantly enough and you open up the free market economy, then you simply don't need the printing press. And sound money is really a prerequisite for sound government. That's a point that Mises made a long time ago, is that he was considered a medalist because he believed in gold and silver coins in the hands of individuals as the most significant guardian of the free market society that prevented government from, in effect, taxing the population through the printing press. Yes. And so we wish him the best of luck.
Starting point is 02:50:31 That's right. The American founders experienced that. That's why they say it's going to be gold and silver. It's going to be minted because they'd lived through a continental dollar that was just a worthless piece of paper, uh, worth less than a, you know, not worth a continental. And so, uh, they wanted the same type of thing. He's living through 150% inflation. It was interesting. um, Axel Kaiser, uh, call street economics very much like what you're talking about,
Starting point is 02:51:05 uh, that Mises did and taking practical, uh, examples out of everyday life and saying, you know, this is how the world works. And this is why we need to organize ourselves this way, economically and so forth.
Starting point is 02:51:15 Uh, as opposed to, you know, the, the Keynesian abstraction and saying, you know, no, everything works differently when the government is doing it.
Starting point is 02:51:22 Uh, that's become a very, very popular book in, uh, South America. Uh, he knows doing it. That's become a very, very popular book in South America. He knows Javier Millay, and he just recently got it translated into English. But, yeah, it is interesting to see whether they're going to come back to their senses or not. It seems like the biggest obstacle to him coming back is they're trying to throw Taylor Swift against him. I mean, she's got a big popular following there,
Starting point is 02:51:47 and right before they're going to have the election, she's going to be there for the opening concert, and she and the lefties that are following her are already starting to make noise about Javier Molay, so we'll see if he can beat Taylor Swift and all this. But let's get back to your book here, The Skyscraper Curse. That's an interesting title. Explain to us what that means.
Starting point is 02:52:07 Well, it's just that there's a long history dating back about 150 years now where whenever a world record-setting skyscraper is built and completed, right in the aftermath of that is a world economic crisis. And so what this tells us is that when central banks go through long, concerted efforts to artificially lower interest rates for a very long time, that eventually somebody comes up with the idea that they're going to build a record-setting skyscraper. It's very difficult technologically, not just the money, but every time you build taller, you've got to come up with completely different and new ways of building a building, designing a building, all of the elevators and the water system,
Starting point is 02:53:08 sewage, air conditioning, everything about it has to change a little bit in order to make a record possible. And so you can go back into the 19th century and every time you see these low interest rate periods, a record setting skyscraper, and then a big economic crisis. The skyscraper is really just an illustration of what's going on throughout the economy. With these new low interest rates economy everybody's you know with the new interest these new low interest rates everybody's implementing um new uh technologies stuff that is future related technologies and
Starting point is 02:53:57 we're seeing that today with artificial intelligence for example, that probably wouldn't have come about for several years. But because Google and some of these other companies have just tons of money sitting around, they were able to finance those kind of research efforts and bring them online before their time. But the skyscraper, again, is just an illustration of what goes on in the economy, except for maybe mom and pop grocery stores and restaurants, where everybody's adopting new technologies
Starting point is 02:54:38 before their time. They're changing their structure of production that's not really in sync with the true interest of consumers. And as a consequence, once interest rates start to rise, all of these investments, all of these investments in technology and future technology really break and it brings the economy into an economic crisis I'm all you know I'm all for technology and I love futuristic things but if we do it as a society we're we're barking up the wrong tree essentially and the skyscraper is just a really good illustration of how that takes place when we can't really see it
Starting point is 02:55:28 in our everyday lives. And I explain how this works using some simple examples for people to understand and also examples of how the economy develops naturally in terms of implementing new technologies and new production techniques and new structures of production in the economy. So there's a natural way to do this, and there's an artificial way to do this, and the artificial way leads to economic crisis. That's interesting. That's very interesting as you're talking about this i think you have the you know they as they build these skyscrapers and they're pushing everything to an all-new level gonna do this uh in a way that's never been done before i'm thinking maybe it's a tower of babel curse that's that's going on there or the titanic right
Starting point is 02:56:21 where we got this new uh this new ship and it's unsinkable. Because at the heart of it is really kind of a lot of pride that goes before these falls. But it is interesting to see that happening as a phenomenon. And as you're talking about this, the skyscraper curse, one of the things in the commercial real estate, as it's starting to become a real issue, they have these things called mezzanine loans. Maybe you know what it is, but I'd never seen that before.
Starting point is 02:56:49 For the people who aren't in the business, they said it's called a mezzanine loan because people do this high-risk loan because they're not at the top of the capital stack. And so they're further down. If things, if, if the skyscraper gets cursed and it collapses, there are a few floors down and they don't get paid right away. And so it's much riskier, uh, and, um, they, they get a higher, uh, loan in it, but they're after the 2008 crash, uh, the government prohibited that, uh, for the big banks that they bailed
Starting point is 02:57:24 out. They said, because it's, it's riskier, so you're going to do safer things, they said. But that's another level of risk that these small and medium-sized banks assumed in the interim, which is going to be another thing that's going to wipe them out, perhaps, because now these mezzanine loans are really collapsing you know, they're collapsing left and right. Yeah, I mean, the idea that the government bureaucrats can regulate financing of investments is just ludicrous, you know, and they themselves opened up this opportunity by not allowing certain banks to be involved and then yet making funds available in the economy for one or two
Starting point is 02:58:08 percent so naturally somebody is going to come along somebody is going to be willing to borrow money at two percent in order to lend it making these mezzanine loans uh for financing large construction projects and earning 10 or 12%. Somebody's going to do that. Even though they don't. Yeah, that's right. They take the bait. Even though they don't have collateral in the building, and even though it's maybe not as long a term loan as the initial investors, the people who are covered with the collateral and so forth, somebody's going to be willing
Starting point is 02:58:57 to take that bait. And I don't know what the overall figure is, but, of course, the market as a whole with commercial real estate is trillions of dollars. And we're starting to see the cracks in those markets where projects are failing. That's right. And it's going to affect everybody because it's going to be a massive curse for the entire banking industry and that is going to filter out and affect everybody. Absolutely is. It's been great
Starting point is 02:59:31 talking to you. Thank you for coming on. Mark Thornton, and he is a senior fellow at the Mises Institute. You can find his book that we've been talking about. There's a lot in there. You can see that for free as a PDF or an e-book. They have an audio book that they do sell. But you can find other information, very useful information, at mises.org.
Starting point is 02:59:51 That's M-I-S-E-S dot org. Thank you so much for joining us, sir. Thank you, David. It was my pleasure. Thank you. And thank you, everyone, for joining us. And thank you, Dougalug. I appreciate the tip.
Starting point is 03:00:01 Thank you very much. Have a good day, everybody. The common man. They created common core to dumb down our children. They created common past to track and control us. Their commons project, to make sure the commoners own nothing. And the communist future. They see the common man as simple, unsophisticated, ordinary. But each of us has worth and dignity created in the image of God. That is what we have in common. That is what they want to take away. Their most powerful
Starting point is 03:00:48 weapons are isolation, deception, intimidation. They desire to know everything about us while they hide everything from us. It's time to turn that around and expose what they want to hide. Please share the information and links you'll find at thedavidknightshow.com. Thank you for listening. Thank you for sharing. If you can't support us financially, please keep us in your prayers. thedavidknightshow.com. If you like the Eagles,
Starting point is 03:01:47 the cars, and Huey Lewis in the Eagles, the Cars, and Huey Lewis and the News, you'll love the Classic Hits channel at APS Radio. Download our app or listen now at APSradio.com.

There aren't comments yet for this episode. Click on any sentence in the transcript to leave a comment.