The Pete Quiñones Show - ***Exclusive*** Pete's Twitter Space w/ Stormy Waters on Trump's Potential 2nd Term Economy

Episode Date: November 3, 2024

The audio quality on Twitter Spaces is severely lacking. Apologies. These are our best efforts.2 Hours and 13 MinutesPG-13Pete and Stormy did a Twitter Space in which Stormy laid out the vision he sees forming for Trump's potential 2nd term economy.Pete and Thomas777 'At the Movies'Support Pete on His WebsitePete's PatreonPete's SubstackPete's SubscribestarPete's GUMROADPete's VenmoPete's Buy Me a CoffeePete on FacebookPete on TwitterBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-pete-quinones-show--6071361/support.

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All right. So we're, what, three days away from this? And, um, it's going to be over. Yeah, no shit. Well, I mean, it's going to start the new, whatever this new thing is. So the economy. everyone's talking about Trump's economy. Tariffs specifically.

You know, if you get into libertarian Twitter, you'll get an autistic, you'll get an autistic lecture about why tariffs are bad and everything like that because, you know, that's what they do. All those lecturers can go and tell them and convince all of the other countries

in the entire world to drop their tariffs on all the U.S. goods. And we should have that conversation. but right now the U.S. is the only country that basically lets everybody come join and kind of pillage our economy for free. They have an answer for that, though. The answer for that is just end the state, bro. States shouldn't exist. They're immoral.

They're legal sections, bro. Well, you should start on the other states that aren't the world, you know, superpower. You would think if you actually wanted to end the state, they would start with, I don't know, a small state. all states instead of like coming here and like bothering me i'm having to listen to that so uh it's a state in my bosa like this is a nice easy target let's talk about tariffs tell me about tariffs okay well so it's not just tariffs that make this special right it's a combination um you're you're robotting I said it's not just, it's not just tariffs, but it's a combination of tariffs, the tax policy.

Well, just, you, we can just take the two tax, the tariffs and tax policy. And so when Trump says, because, all right, so onshoreing is happening regardless, right? So when these companies begin the onshoreing process, right? they're going to be super vulnerable. So their supply, their manufacturing input supply chains are going to be all fucked up. They're going to have to basically

retool and restap. So your big companies that you really want to come home, their whole ounce is going to be showing. And the market that they're coming into, right? So you're not only just protecting the companies as they make this transition, right? You're also giving them a reason to make the transition.

So if you onshore production, what you're effectively doing when you tear off at the same time as you on-show production is you're pushing everybody else out. Right? So you're bringing your guys back home. Right? And then you're pushing the other, you know, let's say the other. other countries that have been, you know, their companies have been having a really good time with our economy and forced out a lot of our companies from verticals that they would have otherwise taken.

Because nobody wants to on, nobody wants to offshore. Right. You could say like, oh, they're bad, you know, nefarious actors and they did it specifically to target certain demographic groups. And there is a bit to that. But from the company's standpoint, right, why does Toyota put Toyota plants in the United States? Well, because where's the most Toyota sold in the United States? Well, shit.

It's a lot easier to move money around and a lot less expensive to move money around than it is to move money around. then it is to move, I don't know, hundreds and hundreds of tons of high luxes and tundras. That costs a lot of money. It's very inefficient. All right. So you want production where consumption is. It saves you transport cost.

It also gives you much more accurate feedback. Ideally, best case, you want management, production, and consumption all in the same place. So you need to protect these companies while they do what they already want to do. If you can, if it is cost effective, every company would have their factory right next to where they sold the most of their ship. Because why wouldn't you? So how do we, there's really no other way to push out, because we've allowed, we first dropped our tariffs after World War I as an effort to rebuild

fucked up Europe. Actually, literally, everything that's wrong with this country is because of fucked up Europe. And the people that wanted it fucked up and all that other kind of stuff. So we dropped our tariffs significantly after World War I to basically, you know, pull down,

you know, pull up, you know, the shirt on one side and let Europe, you know, suckle from the teak of American prosperity. And then we had to make up the revenue

because at this point in time and again, so libertarians will tell you taxes are immoral. Right? But then they'll also tell you that tariffs are immoral. Well, which one is it? Because you have to pick one.

A government has to be able to fund itself. And yes, you can say a state is immoral and I, you know, say your face is a moral and the stateless society has never existed. And anybody that actually says, you know, that would be a desirable thing is obviously not serious, not that for us to talk about here on this space tonight. So if you're bringing all these guys back, you need to protect them while they do it. You're asking them to make themselves was extremely vulnerable. And how do you reward and incentivize them to do it?

Well, all of these other business verticals that you can't compete in because, you know, China shoves in a bunch of cheap shit. Well, we're going to make those markets wide open for you. Oh, well, tariffs are going to be inflationary. Yet, no, they're not. What is the large, Pete, your smart guy, what is the largest single driving? factor of inflation. It's not money printing.

It should be interest printed. It should be charging interest. Energy. Okay. Explain that. Okay. Every single thing you buy got to where you buy it at by something that runs on gasoline. And if you print a bunch of money, there is about a one to third ratio of how much you'll see the newly printed money, right, devalue the currency.

And that takes about nears makes no difference two years. You can kind of split hairs and say, you know, 18 to 20 months, but really, who cares? But if I were to raise your energy costs, let's say 50%. instead of a one and three, you're going to have a three to one. And it's not going to take 18 months for the inflation to get there. It'll take about a month. So energy drives inflation faster and it drives it harder because, and you're basically adding cost.

So inflation, if I print twice as much money, then I've devalued my currency 50%. right but if I increase the cost of everything right because all right the industrial inputs well how do the industrial inputs get to the factory the fuck they gas all right so now I have a bunch of inflationary pricing happening just from the inputs getting to the to the manufacturer all right now the cost to run that manufacturer that now that's So it's going up too. So now I got more inflationary pressure. And then I got to transport those finished goods to you, even more inflationary pressure.

So instead of just one thing, you get one thing every single step of the supply chain. So the thing that people are kind of missing in the terror conversation is also the energy. policy. There's a couple guys, some really good guys in our team, that know a whole lot about energy and a whole lot about geography and a whole lot about the combination of those two things. And they will tell you that, right, that's near Alaska, there is an oil deposit that we have neglected using in any capacity.

That is, near as makes no difference the same size. is all the oil in Saudi Arabia, all of it. And as of right now, that energy will never, even if we started drilling it and pumping it out today, that if we fast forward 50 years, that oil will still never make it to the U.S. economy because, here, let me say how dumb this is. we have tons of oil production in this country

right we have oil refining in this country and we sell oil right but Pete would it surprise you that we never laid the pipelines to get the oil that you catch them in the corner of your eye distinctive by design they move you even before you drive The new Cooper plugin hybrid range. For Mentor, Leon and Terramar. Now with flexible PCP finance and trade-in boosters of up to 2,000 euro.

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We pump out of the ground here in America to Americans. We only made the pipelines to get that oil to the place where we ship it away to sell it. So America can't even use its own oil if it fucking tried. Like, yeah, we're net energy exporters. Yes, cool. So, but did my energy get any cheaper? No, it didn't. It didn't get any cheaper at all.

because I have to send my energy out into the world and then use that money to buy energy. And that energy has to get transported here and then transported all the way to meet. Right. We're doing dumb shit. So when Trump is talking about his energy policy, as soon as you scratch below the surface, A, you're talking about something that will drop energy prices immediately just by flooding the market. With U.S. energy in the short term. And in the long term, I mean by the long term, I mean about two years.

Before the end of his credit, all of these things I'm talking about, we'll just talk about the stuff that we will be able to feel before Trump's second term is over. Once you get U.S. oil to U.S. gas pumps at the gas station, we're talking a reduction of energy prices by half, if not more. super conservatively. So now take that that thing where I said all right, if energy costs go up,

they go up every fucking step of the supply chain. Now do that same thing backwards. It's now cheaper to transport the inputs. It's now cheaper to turn those inputs into finished products. And it's now cheaper to bring those finished products to you.

That's three times as much cheeks. So just energy prices, just energy policy will do more than whatever the inflationary pressure of tariffs are, which is hypothetical, because you're also bringing, you're also increasing the amount of jobs. Right? So people will be paid more. But let's just say there was. Let's just say there was nothing but downside to onshoreing. It was just inflationary pressure. That's a problem that you can simply. switch off like a light switch with energy policy, which is also a national defense policy. But when you pair it with tax policy, so in 1890,

the Gilded Age was called the Gilded Age for a reason, because it was called, the U.S. had no income tax, and it tariffed heavily. Those two things in isolation are very good, right? If you did no income taxes, which is what Trump's chief economic advisor, is pushing for immediately just to start. He wants to do no income tax for people that make less than $150,000.

That's the start. And the lower and lower and lower and lower the budget gets, the further and further and further up the income ladder that works. And if you put rich people at the tippy top of that, they're going to make sure that fucking tax break gets all the way up the ladder. And so we'll just forget what that does to global capital and global production because basically you just make yourself the most mega tax haven in the world that's also attached to the largest consumer market in the world.

But we just leave that aside. First off, it is a doubling of the standard of living of white people in this country. Because who pays the taxes? That's us. Right? So you removing the burden of the pigmented population off of my shoulders. It means I make twice as much. It means I can spend twice as much.

So all of those markets That we those tariffs kicked out all of the foreign competition out of Those markets that Our guys, our companies are coming back in to now got twice as big Quality of living for white people doubles overnight Just by removing the tax burden from underneath our neck But in the Gilded Age Right

something some real magic happens because when you be the tariff regime and the tax regime organically structured the economy and probably the most virtuous feedback of any industrialized economy in history I mean save the third right for expedient the third right was snappier um and snappier dressed but 90% of U.S. manufactured goods were purchased in America. So that means 93% of everything the country made, all of it, was bought right here. So 93% of our economy just bounced around inside our continental borders, like the feedback loop getting stronger, stronger, stronger, stronger each time it goes.

Because an economy is a system, it's a complex system. So it generates feedback loop effects very, very quickly. So the, again, you get the savings of making the things where the things are bought. All of that purchasing being done domestically. all of the labor to manufacture those goods being done domestically. All of the manufacturing inputs. Because this is when America used its own natural resources, which is also on Trump's plan.

So we're not just talking about oil and natural gas. We're talking about minerals, copper, iron, aluminum, nickel, which apparently is really important in steelmaking, and on and on and on. So the industrial inputs had zero transportation costs. Not zero, but again, for every, I'm just imagining dark enlightenment in the back of my head, screaming about navigable waterways. America has more inland navigable waterways, navigable waterways than the rest of the world put together. And for every dollar that it costs something to drive down the road,

It costs 10 cents to roll it down the railway, and it costs a fraction of a cent to float it down the river. So all of our own goods being made by all of our own companies, manufacturing from all of our own industrial inputs in a zero tax environment with virtually no transportation costs. what does that look like in five years? Well, if you add fiscal policy to it, sorry, monetary policy to it, you get the type of miracles that you see in the Third Reich. Third Reich is a miracle. The Third Reich in Nearest makes no difference six years,

went from the biggest bastard case economy, literally the butt of every hyperinflation joke, to this day, wheel barrels, full of rite marks were bred, people having to prostitute their children to not only the largest GDP and GDP for capital on the continent of Europe, but in the world. Berlin was the most electrified city in the world. All that was done in five years, six years, give or take, a year on either end, doing exactly what we are talking about. And that's Germany, little Germany. You compare that with the greatest nation God has ever grace the planet Earth with.

And you get something insane. When we had this up and running for basically the time from post-Civil War to the beginning of World War, arguably to 1930, America, again 93% of its trade was with itself America amassed more wealth than under 100 years than every other civilization in the entire history of the world put together and that's what Trump is talking about and he's doing a fucking shit job about

who in his orbit can explain it like that I mean I think Lutnik the other day was Lutnik is did a fantastic job he's also a very funny guy with, I think, the type of funny that you can only be if you've had a lot of tragedy happened to you. I don't know what's your opinion of Whitman. I know you and I talked briefly privately about the man, but what is your take on Whitnick? Well, I mean, everything he said on that podcast, I'm looking for it so that I can tell people what, what podcast it was.

Anthony Pompeiano? Yeah. Yeah, so if you go check out Howard Lutnik on the Anthony Pompliano show, looking for it. There it is. It's called saving. Billionaire says Bitcoin tariffs and Donald Trump will make you rich. Anthony Pompliano's show. I'll put it in the comment under the announcement for this episode or under this episode on X.

But people should really go listen to that because this is somebody who has not only Trump's ear, but he's the one who even actually named the Department of Government Efficiency, Doge. You catch them in the corner of your eye. Distinctive. By design. They move you. Even before you drive. The new Cooper plugin hybrid range for Mentor, Leon, and Teramar. Now with flexible PCP finance and trade-in boost.

of up to 2,000 euro. Search Coopera and discover our latest offers. Coopera. Design that moves. Finance provided by way of higher purchase agreement from Volkswagen Financial Services Ireland Limited. Subject to lending criteria. Terms and conditions apply. Volkswagen Financial Services Ireland Limited.

Trading as Cooper Financial Services is regulated by the Central Bank of Ireland. Ready for huge savings? Well, mark your calendars from November 28 to 30th because the Liddle Newbridge Warehouse sale is back. We're talking thousands of your favorite Lidl items all reduced to clear. From home essentials to seasonal must-habs, when the doors open, the deals go fast. Come see for yourself.

The Liddle Newbridge Warehouse Sale, 28th to 30th of November. Liddle, more to value. And gave that to Elon. But yeah, the... Which means you're serious about pissing off the people that people think that Trump is captured by. Yeah. So he, you know, there are, you know, people will say they'll find, they'll find a picture of him doing something because you can find a picture of everyone doing something. I've been to a Bob Mitzvah and you, there's a picture of me out there somewhere with a fucking Yamika on, all right? But, yeah, I think this. I have the photo. The only reason that Pete promotes me is because I have that blackmail compliment.

But, yeah, this. This episode is absolutely incredible. The way he explains stuff, he explains it very simply. You just have to go back and listen to it a couple times because it sounds far into your ears because we're told that tariffs are no good. Tariffs are just another tax. Well, tariffs work if you have no tax. And that's what I would say to like the frigging libertarians out there.

Now is the time to start hammering, hey, we got to get, you know, we should get rid of taxes. Don't say taxation is theft like a faggot, okay? You just sound like a faggot when you say that. Say, if you want those tariffs to work, we need to get rid of the income tax and start there. That's something better to say, come up with a slogan. You guys are good at slogans. You're great at bumper stickers. There's your message on tariffs is if you want these tariffs to work, you have to get rid of the income tax.

And we need to go back. We go back to what we did in the 1800s up until how we were, how this country and this economy was run and ran basically on its own up until World War I when they took over. When was the government, if you're a libertarian, when was the government the smallest? It was under this regime. So the only provable track that you've, that you have historically to shrink government, right? the thing that hurts people the most. Like, I don't think we understand how, the one thing libertarians do by saying it in such a dumb faggot way,

which it is, it really is. It's 100% right. You sound like a child. You sound like not a serious person, right? Because like to someone that's in their mid-60s, right, or just some single mom, you telling me taxation is theft

but I rely on Medicare Medicaid because our pharmaceutical company and our insurance companies are so disgusting that they've basically made it impossible for me to get basic medicines without

some type of government purchasing right and you say taxation is theft that old lady doesn't understand what deficit spending is. And her eyes will blaze over before you are able to explain it. So all you do is sound like a crazy person that would take away her ability to pay for her prescriptions.

Because in her mind, she has been told that taxes pay for that. It's not true, but that's what she's been told. So you sound like a fucking retard with that. taxation is theft bullshit. Taxation is not theft. You know who I want to be taxed? I want insane taxes on people that I hate.

I want them to be like Pfizer, I want them to be taxed out of existence. I think it's the problem with the whole like never mind. Libertarians are incapable of understanding the suffering of other human beings or having any empathy for those people

because if they didn't live in an autism-filled fever dream on their friend's couch or in some basement, they would look around the hollowed-out, morality, the hollowed-out industrial base of this country, and they would see how hopeless those people feel, you can feel it. if you go to these places you can feel it and if anybody tells you that they can't

they're fucking whined you it weighs on you like the humidity it's like leaving your shower on hot and closing your bathroom door and then walking in there all at once it hits you like that the sadness

in these in these places and according to a libertarian everything that happened to those people is good actually. Oh, well, you could you know, businesses got to go where the labor is cheapest.

This is just economics. Economics isn't real. It doesn't exist. Mises wasn't an economist because economists don't exist. Because economies don't live in vacuums for economics

to function as a field of study and the lie that they try and convince you that these people are respectable academics. One would have to believe that an economy exists in a vacuum. And nothing else outside of this vacuum

can penetrate it. The only thing that lives inside of it is buyers and sellers of goods and capitalists trying to find the highest and best use of their capital and people making rational decisions transaction and transaction at a time

based on the disparity between price and value that doesn't exist because geopolitics exist enemies exist right what do you think moves oil markets now for any economists that would constantly be listening this is my favorite thing to to fuck with economists

occasionally some of them don't want to talk to me in real life. What moves the oil market more? Buyers and sellers trying to find price discovery, making decisions solely based on price and value, or the geostrategic imperatives of Vladimir Putin's Russia? What moves it more? Well, it's obvious.

That's obvious. I guess economics doesn't exist, huh? It's made up. I mean, it's bullshit. Yeah, it's what Sam Francis said. Sam Francis said, you know, theory exists in a vacuum. And as soon as it gets, as soon as it gets released into the air, everything got all the rules and all the, all the structure that you came up with,

it goes right out the window. It's the same thing as Mike Tyson saying everyone has a plan until they get punched in the mouth. You said like the most important part of the structure, who came on with that structure? You didn't. You're robotting again. Well, really? Like, fancy wireless microphone can't go from office to kitchen. Well, eventually that steak is in a fucking season itself.

I'm sorry about that. These people don't live in a reality that they could, that because of the world that these people live in, you can pretty much guarantee that they will never come up with anything of value. But having such flawed first principles makes you, A, incapable of analyzing anything effectively. And if all your inputs are shit, all of your outputs are going to be shit to. So let's talk about what happens, like, what does this look like?

What is an end result of this? What does it look like globally? And what does it look like domestically? Because the amount of, let's just say like if you just take the tax burden off of the shoulders of taxpayers, whichever ethnic cohort they may be comprised of, what does that do to their life? What do they do?

right if everybody got paid double the amount of money tomorrow would they be spending a lot more yes they would would they be investing a lot more i think so too would they be borrowing a lot more no they wouldn't but let's just say they did that's also fantastic banks exist they're important which is why Bitcoin will never be money. You need elastic credit. Where do they spend their money? There's now twice the amount of it that they were spending before. You catch them in the corner of your eye.

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Search Coopera and discover our latest offers. Coopera. Design that moves. Finance provided by way of higher purchase agreement from Volkswagen Financial Services Ireland Limited. Subject to lending criteria. Terms and conditions apply. Volkswagen Financial Services Ireland Limited. Trading as Cooper Financial Services is regulated by the Central Bank of Ireland. Ready for huge savings?

Well mark your calendars from November 28 to 30th because the Liddle Newbridge Warehouse sale is back. We're talking thousands of your favorite LIDL items all reduced to clear. From Home Essentials to seasonal must-habs, when the doors open, the deals go fast. Come see for yourself. The Liddle New Bridge Warehouse Sale, 28th to 30th of November. Lidl, more to value. Well, they're going to spend it in US companies.

They don't have a choice. Because with even the most mild tariff regime, all of the companies that have been taking advantage of America's prosperity and overseeing their diplomatic welcome exists on such a razor-thin margin that if you were to increase, let's say you'd tariff 20%. You've effectively priced out... 70% of the foreign companies that operate in the United States. So all of a sudden, there's now room for new businesses,

and now all of a sudden people have a lot more money to start those businesses. You've now opened up market that would never be opened up in a million years. Because some faggot in China with some sweatshop would be cram. ranking out bullshit to fill that gap. What this is effectively doing is punching out every hole in our economy that is filled with something that doesn't benefit Americans. That's what tariffs do. Right.

I got, here's this business segment. Who owns this business segment? Well, you got three companies from Vietnam and one company from Indonesia. Well, fuck those guys. They can't afford to do business here anymore. What did they make? T-shirts, widgets for boats and squeegees. Well, I guess we're going to need squeegees, t-shirts, and boat park manufacturers.

The problem with having these, well, I guess no option. prioritize markets, right? As in like their products whose market size is small to where a big company could never, you know, defend itself if that's only all it did. But offshore companies that pay nothing for labor can afford to do that and then also afford to do all the other small stuff. So rather than dozens of small businesses, what you get is like one large Chinese conglomerate that you never see, right? That just air drops products on top of you, and you will never see the businesses that never got to exist. So you don't actually know,

that you're being stepped on, right, that you're being cycled, your economic advancement is retarded in the literal turn. Your optionality, right, the career opportunities available to you is heavily curtailed. You just don't, you don't see these things, right? But if we rewind the clock back to 1940, even the tiniest fucking widget, how many, I mean, how many vintage signs do you see like, you know, Bob's wing nuts and all these other things, right, little tiny things. There were companies that only did that tiny thing. There was a near my house where I was growing up, there was a button factory that turned into, obviously, just detritus.

but that place for 80 years made just a specific type of shirt button and because America only traded within itself that shirt button company something so small that i mean china won't even fuck with it they'll just spin up a couple you know button manufacturing lines and they'll just dominate all the button sales in america right but prior to that a little button company that employed, I don't know, two or three hundred people with a little factory got to exist. That's what tariffs do. Tariffs allow little businesses, and you want to know who made the best buttons. Those people made the best buttons because that's all they did. They knew buttons better than anybody. So you also allow a type of specialization. and compartmentalization

that you just simply can't get in the other way. So what no one's really thinking is they're just a thinking in the existing paradigm. Right. Like I make more money and big companies get to be more successful and I get to buy more big American company things. It's not what's happening.

You're going to see small business explode. it's hard to it's hard to it's hard to it's hard to because America is like is like

well you guys won't know this some of you will but if you are a foreign national if you are not a U.S. citizen

the best tax haven in the world is the United States it's not Monaco it's not Switzerland it's not Singapore it's not Hong Kong

it's not Luxembourg it's the U.S. So like three quarters of all the Delaware Seacorp's are nothing but holding companies for foreigners' assets. And so another thing that we can look at, what does it look like if you have, well, you're bringing a bunch of jobs in. Actually, another thing about tariffs,

let's talk about the geos strategic capabilities of tariffs. what diplomatic value does tariffs have? Not only do they allow you to support your government financially, right? For over 100 years, almost all of the federal government was paid for by other countries for the privilege of doing business in America. why would you even bother having the largest consumer market in the entire world if you just let everybody rape it for free? This is throwing a house party at a really, really,

like the really, really, really fancy house party, the one everybody wants to go to. And you just let everybody come in, right? Or imagine you, I mean, Pete, you lived in South Florida. Imagine like a place like, or mint, right? And you've removed that doorman.

What does it look like in there? You want... 900 to 1... 900 to 1, dude is the fucking pussy radio? Is that what you want? You killed the club. People don't understand how the velvet rope

translates and should translate into all parts of your life and everywhere and everything. That's a very... You said that again? said people don't understand how the concept of the velvet rope should translate into every aspect of your life and business and politics and everything. That is exceptionally accurate. That is 100% correct.

I mean, there's really, who do you want to do business with? Only the most trustworthy people. Who do you want to be friends with? only the most trustworthy people. You need, you should, if you want yourself to be desirable, you need to limit access to yourself, right? Being able to hang out, do business, whatever with you should feel a little bit special.

Because if it's not, then you're not. And that's the, yeah, you could literally take, you could take that and apply that to so much. But yeah, basically what Pete is saying is not just very clever, but it's exactly correct. Right. Oh, you guys are putting a bunch of heavy metals in your products. Like, you're basically doing absolutely no safety testing whatsoever. Your manufacturing plant is a fucking waste dump.

no, I don't think you are of the caliber that we want in our consumer market. But let's just take fentanyl. Where does fentanyl come from? It comes from China. You know who are the best people? Like if you could hire anybody to stop the flow of fentanyl, who would you hire? Who would be the best at it? The fucking Chinese government.

Because there's nothing that goes on in China that the Chinese government doesn't explicitly approve of. Because if not, a whole bunch of people are going to get shot in the back of their heads in very cold and dank cells. That's what happens. So if I tell the government of China, okay. You catch them in the corner of your eye. Distinctive.

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We're talking thousands of your favorite Liddle items all reduced to clear. From home essentials to seasonal must-habs, when the doors open, the deals go fast. Come see for yourself. The Liddle Newbridge Warehouse Sale, 28th to 30th of November. Liddle, more to value. Well, surprise. Turns out you're the one making all the fentanyl. I'm sure this, you know, is a, you know, a startling revelation to nobody.

But you're going to fix this problem for us. You're going to police the fentanyl yourself. And Xi Jinping's going to look at your girl. Trying to imagine how Mitchinson would say it in his funny Chinese accent. He's going to say, go fuck yourself. because you have tariffs now, you could say, okay, gee, I'll go fuck myself. And then right after I'm done fucking myself, I'm going to fuck you. I think the tariff regime on China now is 200%.

And I'm pretty sure that no amount of state subsidies will be able to allow your companies to climb a 200% hurdle. And those companies won't have access to the largest consumer market in the world. In fact, really, if you think at what time this is happening, what does two years look like for the rest of the world? Two years from now look like to the rest of the world, it'll probably look like the Great Depression slash Dark Ages, but that's for an entirely different reason. And so we could accurately say the only consumer marketplace in the world. That's what you'll have access to. And if your companies lose access to that, they go out of business.

no matter, like, you don't possess the capital to subsidize hard enough to climb that barrier. So all of your people are going to be unemployed and they're going to regime change you for us because they're going to be out of a job and they're going to be angry about it and it's going to be your fault. And what are you going to tell them? We didn't want to stop poisoning the Americans so all you people have to starve now. it's not a message I would want to give. So it is diplomatic power. Tariffs are diplomatic power.

If everybody wants to stop dumb wars everywhere, you want to know what? If you get the Jews out of the foreign policy apparatus or you nuke the foreign policy apparatus entirely, that doesn't nuke all your enemies. That just nukes your domestic ones. Countries are still going to want to have wars. some of them are going to be dumb enough to want them without them with you and tariffs are a good way of making sure that country

that would be dumb enough to do that would have absolutely no allies and they have to go do this incredibly dumb thing by themselves like tariffs are power so if you want less wars give the executive again well if those things are turned around and use the guess is when you're not in charge that's the point

right like if everything that I'm talking about, even if half of what I'm talking about comes to pass, do you see a Democrat getting elected again for the rest of your natural life? Don't get me wrong. I think they should all be rounded up and shot. But let's just say you keep the invail of democracy. Will any of them ever get elected ever again? Because there won't be a Democratic party. Yeah, they'll actually, they would actually get to the point where we'd become multi-part party, the Democrat party would split up and then you'd have, you know, we'd become like Europe where you'd have five or seven parties.

Bingo. He gets it. Yes, exactly. Because right now, the only power that they have is the billionaires, a few of them, and a certain group. But, again, that tax ladder thing, if you were to, so. Everyone thinks like, oh my God, we can't get rid of taxes. How are we going to balance the budget and get rid of taxes?

Those two things sound contradictory to me. Well, to give you an idea of what income tax actually is, it's not capital gains tax. That's different. It's income tax, which applies to people that make income. Who makes income? I don't make income. I don't pay income. tax. I stroked a $300,000 tax check a couple months ago. So I do pay tax. But it's not income tax.

It's capital gains tax. So who pays income tax? People that have no capital. Working people, right? The people that are the most vulnerable amongst us, because we know what demographics don't pay any tax at all. Because they exist on social service. So who is income tax aimed at? Same debt working class whites. That's who it's aimed at. What is the purpose of it? Well, how much revenue does it generate? A little bit more than half a trillion, 600 billion, something like that. We left three times that amount in Afghanistan and then bought the very same year six times that amount from defense contractors. We lose $600 billion all the time. So why do we do it then? Why do we tax the people that have the least, but are also the most important in our society? All of this shit, all of this working class poor white shit, like bashing of these people needs to stop. Anybody that thinks that that makes you look aristocratic knows very little about aristocracy and knows very little about nobility.

If you want to actually lark as an aristocrat, do it. real and view the people in your society that are the most vulnerable and the least fortunate as your personal duty. It's your job to uplift these people. Make them better. Give them the ability to be the best person that God made them the ability to self-actualized. Do that. Then you'll be an aristocrat.

Then you'll be noble. it's not making art and making fun of poor people. Or when you see the chuds grabbing onto a meme about being called garbage and putting garbage bags on and talking down to them. To me, you're just a rootless cosmopolitan if you do that. You're just a city-dweller. And you don't know what the fuck you're talking about.

You actually hate those people. That's exactly it. You never speak for, you don't speak for those people. You hate those people. Fuck you. And what is that? That's 80% of whites. So what you're telling me is you hate 80% of my people.

What does that make you? To me, that makes you my enemy. You're not my friend. Because the people that I care about, you hate. and if you were in a position of power, you would hurt them. And that's simply something I won't allow. Nor should any of you that are listening. You can't hate some fucking brown leftist academic

and cry about how anti-white she is. And then turn around and make fun of the chelts. Think you're better than them because you're not. right if you were actually an aristocrat if you were actually a noble person like how nobility actually thought those people are your purpose in life why does every Saudi student not only have all of their tuition paid for when they go when they get into a foreign school why does this government of Saudi Arabia give them an additional either 250,000 or 400,000 depending, right, because they get married earlier because they're smart?

Why did they get a quarter of million dollars a year to pay for just their living expenses? Because the king of Saudi Arabia would be embarrassed. If his citizens in another country lived poorly, impoverished, eating ramen noodles, he views that as beneath his citizens. He wants everyone to be jealous of them. And why does he do this? Because right next to him is the king of Oman, right? Or Qatar, wrote the Emirates. And do you know how these men compete?

They have more money in the bike. You catch them in the corner of your eye. Distinctive. By design. They move you. Even before you drive. The new Cooper plugin hybrid range. For Mentor, Leon, and Terramar.

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Trading as Cooper Financial Services is regulated by the Central Bank of Ireland. Ready for huge savings? We'll mark your calendars from November 28 to 30th because the Liddle Newbridge Warehouse sale is back. We're talking thousands of your favourite Liddle items all reduced to clear. From home essentials to seasonal must-habs, when the doors open, the D-Bridge warehouse. Go Fast. Come see for yourself. The Lidl New Bridge Warehouse Sale, 28th to 30th of November. Lidl, more to value. Elon is wealthy. There's a reason why if you try and track down how much money any of these

sheiks have shaped, you're gonna have a really hard time because they literally accrue money so fast that it's actually difficult to calculate how much they are worth because it compounds so rapidly. I would probably say there's, I don't know, three or 400 guys in the Emirates that could have bought Twitter and not even notice, entirely themselves. So how did these men with more money than God

compete with each other? Well, they do it in supercars and a bunch of dumb shit. But again, that's just stuff you buy with money. If everyone has unlimited money, then that makes it kind of pointless, doesn't it? So the king of Saudi Arabia and the king of Oman and the Emirates, they compete in the way that royalty competes with other royalty. It's to be the best, his city, his country has to be the best, has to be the coolest, has to have the tallest, has to have the tallest building the world.

They're students. They're literally the lowest amongst the society. Like, just university students. These are just kids. They need to have a standard of living so high when they're in other countries that the people that live there, not even the students, the fucking business people, are jealous of them because that makes the king look good. He looks like a fucking stud.

The quality of these people, lives are a direct reflection on him. That's what nobility is. And anybody that doesn't have it, shouldn't be able to tell you anything about anything. They have no connection to those people. So that means they have no connection to their people. And if you have no connection to your people,

then why the fuck are you talking? Like, just the level of excellence. A lot of people... talk out of me. A lot of the people who would criticize what you're saying and everything, they've just bought into the liberal delusion. That, you know, you can, deracinating people, you know, people leaving their ancestral homelands and going to, you know, fancy, fancy zip codes to make tons of money. You know, that's just exactly what they should do. That helps the economy. That makes the line. That makes the line.

line go up. That's literally what they think. Even if they think I'm straw manning them right now, I am not. That is not a straw man. This is what you're taught if you're in liberal America. If you've bought into this whole system, you've bought, you know, this poll post, this Nuremberg regime, this new dealer regime, this whole thing is if a lot, if line is not going up, something is wrong.

And they don't even understand what it takes for the line to actually go up without someone artificially making it go up. And they can look back in our history and see when the line goes up organically. And it's not because there was a quote unquote free market globalism. You know, if goods don't cross borders, armies will bullshit. I would love for them to come up with an argument that isn't also a catchphrase. They love their bumper stickers, dude. You say, like, well, why?

New America's number one trade partner. It sure feels like they're at war with us. And vice versa. Who is Ukraine's largest trading partner? That would be Russia. I've got a lot. Who was Germany's pre-World War I? in three world war two.

Who is their largest trading partners? Countries that were seen to be invaded. That's who. It doesn't mean anything. It's just a catchphrase. You want to how you stop armies? You catch them in the corner of your eye. Distinctive.

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Finance provided by way of higher purchase agreement from Volkswagen Financial Services, Ireland Limited, subject to lending criteria. Terms and conditions apply. Volkswagen Financial Services Ireland Limited, trading as Cooper Financial Services is regulated by the Central Bank of Ireland. Spring crossing your borders, be really scary. It's really simple. I guarantee no one tries to invade Russia again for a really long time.

Probably about 150 years. So they seem to have to keep on doing teaching of St. Nelson. But once everybody is dead, and once everybody else that they were, you know, able to tell is dead. 150 years. Somebody will probably try it again. Again, Pete, this is the liberal paradigm. that if we do enough things, war will never happen again.

The same libertarians that will cry and scream about how horrible Woodrow Wilson is is giving me the same speech. If we do this, then no more wars. Wars won't happen anymore. If we just get rid of all the... There's no more war, Pete. Free market capitalism

has pretty much ended all the wars. It's not a sense it's on its face. I don't know about you. I don't, unfortunately, I don't get to spar with enough libertarians, but would you say that they, there are either A, less of them, or B, they're a lot quieter? Well, I think after 2020, a lot of people just came to the conclusion that people, most people don't want to be, they just want to be told what to do. I mean, that's the conclusion I came to. And I mean, if you didn't come to that conclusion,

you're either ideologically possessed or you're just autistically, you're like an autist who's functionally retarded. When it comes to understanding human nature and how humans act, and that for all of fucking history, that's the way it's been. People are waiting for somebody who they're waiting for a leader to tell them what to do. Now, in this case, we have fucked up leaders that, you know, need to be, I'll leave that alone. But it's always about leaders. It's not about radical individuals doing their thing.

That's just horseshit. That doesn't get you anywhere. That's what they've been selling for 100 years. And because it's not perfect, because it's not perfect 100% individualism, well, then they're not really trying to sell that. No, that's what they've been selling you. And that's why, you know, you don't know what your great-grandfather did for a living or you may not even know his name. That's actually a very funny thing to do, right? You could ask the average Chinese person about their great, great grandparents, and they'll tell you all about them.

And I would guess that 90% of America couldn't even tell me their great, great grandparents' names. It's insane. And all of those chuds that they make fun of so much, I guarantee you we go out to the Midwest, and not only we get their names, but we'll get their whole story. those people can't get convinced of shit. You have to, before you know what you can be, if you don't know what you are, and what are you doing? Like, I can see that shit all the time.

We need to do this, we need to do this, and this is what we should be, this is what it should look like. From people that don't even know who they are, right, they don't even, these things, like we're actually having a debate about these policies, Like there's some foreign, you know, or science experiment, right?

We're just going to give it a try and see how it goes. You can't take away tariffs. You can't do this. You can't do that. They have no clue that the most successful the country has ever been per capita was under these policies. Less than 150 years ago. Actually, almost less than 100 years ago. Like, not only did I not know their own family history,

but they don't even know the national history, even 100 years ago. But yet they are going to tell you what policies are bad and the policies aren't. It's just not impressive people. And what's going to... Actually, let me check it right now. I'm curious. It's been a bad couple days in Bonhens, so I imagine this would be good. Aha.

So do you remember the euro, the currency, right? Oh, yeah, that thing that barely exists anymore, that's on its last legs and people don't even realize that because the Federal Reserve could never do anything right. Yep, exactly.

I've been short, the European, the euro has been about a buck 50, a buck 75. Neers makes no difference the last thing. You catch them in the corner of your eye. Distinctive.

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from Trump Dunebag. Search Trump Ireland gift vouchers. Trump on Dunebiog, Kush Farage. 15 years, 20 years, actually more than 20 years. It's less than a dollar since, I don't know. The decline started. Well, why? Because a seventh, because a seventh generation, Virginia now runs the Federal Reserve

instead of an Eastern European, Ukrainian. in bread Richard. Yes, somebody who is literally taught that not only does North America exist, but the concept of North America is physically impossible.

As early as 1910. These people that are in charge, not only are they like not, they haven't been in civilization for more than 150 years. They're still new. They're the new guys. But they live,

not very differently than I think I was having this conversation with Will Tanner and I was talking about British explorers and he brought this really good example and I really wish I could remember but basically

some of the accounts that we get back that we can go back and find of British explorers like marching through the African jungle and coming up on a you know a village just

filled like gore, horror run by witch doctors, the people living in abject filth, ignorance, and darkness. The people that run things were in the exact same spot

less than I under 50 years ago. And they're no more qualified to run a high culture civilization than any of those Congolese village dwellers

now those Congolese village dwellers probably have cell phones they probably have iPhones they probably have Nikes but are they qualified no they're not

the reason I bring up the euro I feel the pound is I bet you it's even worse these are the two other strongest currencies in the world What is this? One pound to 129 U.S.D. That's interesting.

One pound. Well, that, yeah. Yeah, I was, I was pricing something out of England, and I was shocked at how low the pound had gotten. It was $2 to a pound for a very long time. A long time. I mean, my whole childhood. Yep.

And it's cut in half. And the party has. hasn't even really started yet. The party, where we're going. So I've been short the pound, and I've been short the euro, for about a year and a half. And it has been agonizing. Agonizing.

But in the last couple months, it's actually started to pay off. And it's not just me. Pete, you've been digging into Martin Armstrong. Martin's never wrong. He was the one that kind of ticked me off. And then Tom Longer, you know, backfilled the reason for why Martin is right. Martin never knows why he's right.

He just knows the signal. We're going to see the pound at 60 cents to the dollar in the summer of next year. I'm going to be like, stormy, you're just talking out of your ass. And some of you that have listened to me for like over, you know, a year and a half, whatever, two years. I listened to some of my earlier spaces. You would remember me running around rapidly, telling you all to buy uranium.

Nancy Pelosi finally just bought uranium last minute, but for her. It's 4X since then. And it will 4X at least two more times before it's done. So, I think my predictions aren't bad.

They're pretty good. I made some other ones. Like, I remember telling everybody to look into jobs. See if they can get apprentices, apprenticeships at small repair businesses. Because mostly they're run by booners. Most of the boomers don't have kids. There's a good coin toss. Like literally a 50-50 shot of whether that business is going to no one.

And you don't need that guy to will you all of his inheritance. It's not going to happen. Maybe it will. Who knows? But with a repair business, if he has trained you to do all the things and you're just as trained up as he is, all he has to do is give you the clients and the relationships. That's free. And now you have his business. And I posted a Wall Street Journal article about a month back.

And I believe it says America's newest millionaires. something something small business and repair businesses so I do have some credibility when I say this the euro is going to zero it will likely make it out of 20, 25

the line and the pound is going to 60 cents by the summer and these are the first world countries that is the second and third strongest currency in the world so what we're not talking about in which we're about to talk about is at the same time as Trump is doing all these amazing things that we are talking about, literally, if I'm trying to think, if you just add in government

lending, you know, one or zero percent, you would have national socialist Germany. I think it's really the only economic difference, right? But you can't do that. We can't do that. We can't do that. because we, unlike Germany, Germany did not have a very robust banking center, did not have a private banking industry, really. That was left by the time it came to power.

So basically the state just kind of filled the void that was really not a void and was more of a smoldering trader. So you get all of the inefficiencies and credit that come with that, right?

The government basically trying to, A, step into a business is never done, and be trying to figure it out in the fly. So, also the reason why you're not going to get that here is because a lot of the people that are making this happen are the same bankers that you can talk to him. Just certain bankers, not other ones. And before everyone jumps on the week's case, right, take a quick read through his early life. You will see, like, yes, he was born to, I believe it says a Jewish father, but that's not a Jewish mother, is it? And what's striking me really odd is that his first year in college,

he was orphaned. Both of his parents died within a year. And it said something really profound that all of his extended family and family abandoned him and his two siblings, defend for themselves. That doesn't happen in certain cultures. does it pete no there is like whole funds ready to go to step in if that happens and something very very interesting also it is a miracle like when larry silverstein says he was not out the towers because of a dentist appointment whatever

that's sketchy because neither was any of his leadership team and almost almost his entire office. And I wish Ryan Dawson was here just for a second, only to tell me this one thing, and then he would just start talking about libertarian bullshit and trying to convince Ryan Dawson of the inaccuracies of anything that libertarian e bullshit is not impossible. And you're just wasting your time. As much as we love him, he has done more work than anyone else has ever done, as far as moving the needle in our direction, whether, even though he hates it, I'm sure. because it's racist. But Ryan will tell you all about an internal messaging app that existed,

or that certain ethnic cohort in and around World Trade Center 1 and 2. And all you had to do to be part of this message app that told you not to come to work the morning of September 11 was be part of this ethnic group. That's it. It was like Facebook, but instead of colleges, is, right? We had to, you know, have a college email. You had to have a, there's, there's a cleverer joke here that I just can't pull out. Yeah.

But anyways, you have to have a tiny little hat. I blew it. Could have been away from here. This guy, he apparently didn't get the email, right? Cantor Fitzgerald is Wall Street royalty. This guy was the CEO. term of Canter Fitzgerald. Right.

Cantor Fitzgerald is part of like the infrastructure. Right. Like there's a whole, like the biggest companies on Wall Street, people don't even know they exist. They never heard the names. If I were to say like C and company, C, I, E and Co. Nobody knows what I'm talking about. They're probably one, if not.

I mean, outside of J.P. Morgan, because it gets controlled with the bullion market. But if it just did banking and investment banking services, minus the billion market in its relationship to the Fed, JP wouldn't be able to hold a candle to C&Co. But these are private companies. You don't know about them. They're not publicly traded. Cantor Fitzgerald is one of those.

Like, these guys are part of the firmament. Have been for over 100 years. And if you were to do a Venn diagram of the, free 1970 Anglo aristocracy and intelligence community back when we would still

you know who leftist governments for United Fruit and other good stuff like that if you were to do a Bendai, Reynolds, that group and Tantrick Fitzgerald

there would be very, very little daylight in between the two and so this is a very well-plugged company with a lot of very famous names attached to it and on 9-11 this guy

just it just happened to be his kid's first day at school and he drove them to school missing maybe by 15 minutes but again he's an orphan

with two siblings and he will tell you in every interview that those two siblings are the most important people in the world to them because it's the only family who has and they are all very very close because they basically had to live together, like, the type of close that you can only be when you depend on each other.

Like men in foxhole type of close. Plus kin. It was just him that made it out. Okay. But his brother didn't. His brother died instantly. He died instantly because the very first plane that hit the very first tower. And if you notice, like, where the other planes happened to him.

hit, pardon me, for being so rude and not sentencing my phone. My apologies, listeners. All the other planes hit really important places, like where it hit on the Pentagon, pretty, you know, choreographed stuff. The very first plane, hitting the very first building, hit Cantor Fitzgerald's offices. Like, they were world headquarters. They were a global company.

They're an American company, a global company. but they were kind of run out of a center office. They didn't need, you know, all these various offices all over the world. They had some, but all of the senior management, like everyone. I think, what is it, 900 people, was it 900 employees in total? I think 658 died on 9-11. Out of 3,000? Yeah.

What is that? That's actually worth whipping out of the first. calculator for. That's a fifth a fifth to 25% yeah. 25% of all the people that died in 9-11

happened to be at this company, the most powerful company, one of the most powerful companies in Wall Street. The people that make all the trading happen, the actual execution of the trades. The reason you can trade on the New York Stock Exchange is because Cantor Fitzgerald lets you.

They power all the execution software. All their servers were also in those buildings or in those floors that got hit. So in 20% of the companies, or spend 20% or even higher than 20% of all the fatalities of 9-11 come from a specific company. Why weren't the company, why weren't the numbers higher for other companies? Because they had time to get out of the buildings. Right. So whoever wanted basically Canter Fitzgerald, what I'm saying is Kahn Kutsteril was deliberately targeted. The plane hit right underneath so no one could escape. And this guy should have been in there. And the person he loved the most in the entire world,

more than his wife, he'll tell you. His brother was in there. And none of his employees got to be on that really nifty messaging app. I told them not to show up to work that day. So I know who did 9-11, and I'm going to have to hear from people that those people are not only behind Trump, but are behind this guy too. And they're not going to be able to listen to me, explain it like I just explained it to you guys, why I don't think this is the case with this particular man, nor the man who's going to work for. But I'm going to have to hear him, sure. like 9-11 was delivered as fuck

all the targets were delivered all of the impact sites are deliberate so that means this man in his company because he was the chairman and CEO at the time they thought he was going to be there so if this guy and that means largely the administration

is controlled by those people what are they just going to forget like, oh, sorry, you tried to kill me. You killed every single person I cared about, right? My entire company. My brother, the person I loved, most in the entire world, I can relate. And I'm just going to be like, cool with that. I'm going to be helping you guys out now.

I'm on your team now. Like, it sounds retarded. So it's a very interesting early life. It's kind of a, you know, like that M. Night Shyamala movie, right? where you think you know what's happening, and then at the very end there's a twist. It's kind of like that. And if you look at all of his charities that he donates to, it's also really interesting. Because the same reason that nobody came to support him and his orphaned siblings,

the reason I found that strange is because there's a certain thing that they do. The reason that these people have so much power and the reason they have money power is because, Everybody jokes about the Mormon church and Scientology having to give up 10% of their income? Well, with them, it's 20. It's called Sadaka. So, if he was

that, ethnic cohort, how come none of his money is home to any of those organizations, those charities, those philanthropies and foundations. None. I find it very strange

because if I look at all the other people that kind of fit the same profile and I look at their philanthropy it's even like more than 20% those organizations so he that thing didn't the money pot didn't come and help him in his siblings

after he was orphaned and he doesn't donate to the money pot and the organized money pot people basically killed his brother and the company that he loved almost got killed and all the people he ever worked with got killed because he started at Kenner Fitzgerald when he was an intern during college and never left

so that means all the people that he's ever worked with his entire life sorry, I have allergies, I hope he was after he was going to save me me, motherfucker, I'm sorry Pete, where do we want to go next? I don't know Or the currencies, the currencies. Yeah, sorry. I got off track, my bad.

Yeah, go there. All right. So at this is happening, at the time as our economy is going to basically get shot up by a level of crack cocaine that Hunter Biden could only dream of, the rest of the world is going to fall apart economically. You're kind of on the precipice of a sovereign debt collapse. That's kind of hard to quantify. he was supposed to join us today but was unable to but I do a I did a

just one of the first podcasts I did with an account called the Peruvian Bull fantastic smart guy young dude very bright you had a been in real life he's you know stand up kid him and I do a two hour like two an hour

deep dive into the euro dollar system, the offshore dollar market and the derivatives that are built off of it. So with the tariffs that the U.S. doesn't impose anymore, right, the fucking everybody come eat for free, the taxes that are imposed on the working class whites basically freezing their social status. because that's what income tax does. It freezes your social status. It never allows you to go from income tax to capital gains tax. You will never be able to compound enough capital to put it to work to where a majority of your income, if not all your income, is derived from the return on that capital's investment.

This is why I say I pay no income tax. the money I used to live is the returns generated from money I have invested so no one is giving me a paycheck and when somebody gets to that point they become politically dangerous right because no one can take away

their job no one can well look at me I'm here talking to you people if I worked at some corporation I probably wouldn't feel comfortable doing that. And they know that. Income tax keeps you from self-actualization.

Because income tax, and this is what I said, you're going to double the standard of living for working class whites taxpayers. Income taxpayers. What are they going to do? Are they going to spend twice as much? Yeah, probably.

But they're also going to start investing. At the same time, as all of these companies are coming back onshore to all of these markets that have been cleared out of foreign competition just for them. And at the same time, as the consumers in those markets have twice as much money to spend, it's going to be fucking great for them. And now those working class whites will have enough money to buy a share of some or two, or three or buy some property. They will be able to accumulate capital,

which will give them the ability to self-actualize. But as all this is happening, Pete, you said you were looking to buy something from England earlier today. Well, yep. If you wait six months, that's going to be half as cheap. For you paying in dollars,

like I literally have a group of friends, five or six of us, that are roughly the same economic you know, I don't want to say strata, a group. And we already have our Euro trick planned. Right as the Euro is circling the drain right before it goes all the way down.

Right? We'll say like 10 cents on the dollar. 20 cents on the dollar. We are going to fly over there in a friend's plane. and we're going to fill it full of all the prize possessions, those snobby-snobby Europeans are going to be hawking. Yes, I know that's not nice.

But if you're an American that spent any time in Europe, the level of resentment you receive is intense. And you know what I'm talking about. No one will be reader to you than a European person for the sole fact that you are an American person. So you want to know what? watching that fucking Swiss banker,

I have to hawk me his protect Philippe. It's going to be really, really enjoyable. And maybe some art, too. Who knows? But as an American that is listening to this, those dollars, as a working-class white person, you're about to have twice as much of them. So I think you should get together with your friends.

and go to Europe too, or go to Asia or go wherever, because your dollar is going to get stronger and stronger and stronger and stronger against these currencies. As their currency gets weaker and weaker and weaker, because they've all been really bad boys and they've been borrowing in dollars. And that's going to... That was literally the wind beneath the wings of globalism

is the offshore dollar market. And the really, really, really scumbaggy, we'll call them British financial institutions that took a tool that we gave them to help dig themselves out of the hole that they put themselves in World War I and Two, and then took that, you know, rope that we threw them and tried to fasten into a noose and we weren't looking. Libertarians, if you're listening, the reason you don't have a dollar backed by gold anymore isn't because of Richard Nixon or FDR.

FDR started up but everyone will tell me that Nixon got us off the gold standard but no one can tell me why. It's just like all the other bumper sticker slogans they have. Well, if either trade crosses borders or armies will, why?

Nixon took us off the gold standard. So your currency is going to shoot through the root in value in comparison to any other currency in the world. So at the same time as America is onshoreing and pulling back from the rest of the world, it'll be going through a sovereign debt collapse. Now you get the additional kick in the fucking teeth of the largest capital market pulling away from your country. Right.

So not only are you going to have twice as much money, but U.S. companies are going to have twice as much money, and everyone's going to have twice as much money in America at the same time that everything else, everywhere else in the world is going to be worth very, very, very little, except for commodities. And I think this is why he's really doing it, Pete. I didn't actually put this together until right now. you know they say like if you want to learn something teach it talking to you guys

and having to order my thoughts helps me like i actually think up shit that i and see things that i don't i wouldn't have otherwise seen if i hadn't have tried to put it all into words for somebody else because it you know anyways whatever the unlining of this offshore dollar market the offshore dollar market and the reason why it's been used by particularly Europe for a very long time and also China and also us to some extent but we don't have to so we don't do it as much right it's a money printer right they're printing dollars that are not backed by treasuries like they're hypothesated credit dollars that are only dollars in name only they're counting dollars that are count the fit, basically. There's dozens of podcasts. I check out my podcast with Peruvian Bowl, if you want to learn why they're counterfeit, like, what these things actually are, because it's far too long for me to explain here. But they've been using these naughty dollars to lever up futures contracts and suppress the prices of commodities for a very long time.

The only reason Europeans have any industry at all is because they have taken this, these fake dollars and levered up futures contracts to suppress the price of the commodities while they hoover them up. So remember how like Janet Yellen, like remember how she like waddled out in the beginning of the Russia-Ukraine war and was like, we're going to do an $80 barrel oil price cap to fuck Putin. And everyone was like, that's a terrible idea. Don't you dare do that? and she's like yeah you're right it's a terror like you but Russia produces Neos makes a difference 20% of the world's oil

right and now Russia's in a war and a lot of like the oil stuff and at least the transitory pipelines are on five or the areas that they go through are on fire and just lots of war is happening and where's the rest of the oil made it's in the middle east

how's the middle east doing right now it's on fire so what about the the ships with the oil on them how about those well a lot of those are in fire too okay

well what's the price of oil about $70 a barrel what's the price of oil been the last two years since before the Russia-Ukraine thing even kicked on about $70 a barrel. Well, if all of the places that produce the oil are currently on fire,

why is the price not moving? Because it's being suppressed. Suppressing things are really expensive, right? If I'm going to move something up 1%, let's say it costs X dollars of fuckery. If I'm going to suppress something 1%, it costs $3.X. dollars of fuckery to do.

So suppressing things is way more expensive, which is fine if you have a fake money printer. But in order for you to have a fake money printer, you need interest rates to keep going lower and lower and lower and lower, and that's not what's happening. So you no longer have a fake money printer. And those

derivatives are indexed to interest rates, which means you have to pay. So basically, what the first world, would just say the first world, even though it's largely not the U.S. in this particular instance, we do a ton of fucked up shit. Don't get me wrong.

It doesn't happen to be this per se. But they've been levering up these fake credit dollars and using them to suppress the price of commodities. They've been doing this for 30 years. And the reason they do that is twofold. A, it makes their domestic industry much, much cheaper to operate and much more profitable. But that's not the real reason, or at least it's not. all of the real reason. The main reason why they do it is because if I keep the cost of your commodities, your natural resources, cheap, then the only thing that you can afford to do

is keep extracting them and selling them raw to me. If I keep those commodity prices nice and low, it is never going to be economically viable for you to build your own manufacturing and facilities there. So you're going to be forced to sell your natural resources to me, for me to turn those natural resources into finished goods, and for me to make you buy those finished goods back from me. Because it is not economically viable for you to develop your own manufacturing facilities and turn your own natural resources into finished goods and sell them to me.

And I like it that way. And I need to keep it that way. The last thing I need is always the third world, right? Trying in their hand at making things. I would much rather than stay dumb and poor. Most of that is done genetically thanks to the grace of God. But in the instances that it's not. It is very much in my interest to keep the commodity prices nice and low,

to keep them from industrializing, to keep them in the stone age. That's very expensive to do. But if you don't have to worry about money, which they haven't for 30 years, no, 60 years, but really the last 30 they've gone hand, then you don't care.

All that is unwinding. So remember about energy, prices, and inflation. This is what's really going to send these other currencies over the edge. And I think this is why Trump is really like if you've noticed the last three months there has been news headline after news headline after news headline

biggest lithium deposit in the world discovered in Arkansas biggest copper deposit discovered in Arizona biggest oil deposit over here and this deposit here the Pentagon has inventory

to every square inch of this fucking country it's what the USGS does not a fucking big surprise right we are choosing to tap into these resources we didn't just all of a sudden find them we like the ambiguity of nobody knowing exactly how much of these resources we have so we don't like to tell anybody how much we have that includes you we don't like telling you this is how much we have either because we have open borders and chances are you're probably a trying to spy anyways. Who the fuck knows? Whatever. So these discoveries aren't so much discoveries.

Because when I announced their existence, I'm basically saying, hey, there's this thing that exists. Full well knowing that some enterprising entrepreneur will come and extract those things for me and input them into my economy. So if you knew that not only is the world facing a 150 year commodity super cycle, which it is. But you're also going to get the bonus. When I mean bonus, I mean fucking bloody nose. Because a large part of the developed world, the first world, has been trying to hold a beach ball underwater.

That's what suppressing the prices of things is. Eventually, your arms are going to get tired. And when you let that beach ball go, it's going to come up with such force. It's going to smack you in the face. Very, very hard. The longer you suppress it and the further you suppress it, the harder you suppress it, the harder it's hung back, usually two or threefold. So we're going to get the initial insane parabolic tear of 30 years of price suppression on the winding. And then we get to start the commodity super cycle.

Hooray. So if oil, if the price of gas is expensive now, right? here you see you see this already right everybody knows that derivatives are unwinding even though the price of the actual underlying commodity hasn't moved yet right because they're still barely able to keep that beach ball down but the market knows right people like me know that eventually it's coming off and it's coming off sooner rather than later and this is why you see the stock prices of companies like Exxon, right? All the mining companies, all the resource companies, their stock is moving. But yet the underlying price of the commodity that their business is based on

has been flat and has been flat for two, three years, four years, 30 years, whatever. So the market already knows where the action is going to be in the future. And that's why the stock prices of XM, even though oil hasn't moved an inch, is doing what it's doing. This is why the stocks and their mining companies are doing what they're doing. But the prices of the commodities that they mine hasn't moved an inch because the smart money is figuring out that this is about to undermine very rapidly. And if you're an American, it's going to hurt for about a little bit. It's going to suck. But then after that, things are going to get better than...

They ever have in your lifetime. And likely even in the Boomer's life, mind. At the same time, as we have a demographic catastrophe, which is fantastic for us. Right? Everybody cries. Boomer's own all the houses. I'm never going to be able to afford a house ever or start a family ever. Well, my dear friends, the Booners were a freak.

Excellent. All over the world. the population of the world 5x all at once for relatively no reason. You can add the zoomers and the Gen Zers, sorry, the zoomers, the millennials, and the Gen X are together. And the boomers are still more than three times as large. That is actually a hard number to find because of immigration. So you basically have to compare the Boomer generation to the native white current population. right because they backfill full of fucking browns so it makes that bit of but those browns are

never going to accumulate capital it doesn't matter how cheap you make the houses the browns aren't buying they can't all their money's getting sent back overseas anyways so to all those guys that are upset that they can't afford a home well we lose roughly 9% of the boomer generation every year. We're already 30 something percent into the boomer generation already. Thanks COVID. So that means by 2026, we're going to be inching close to 50 percent of the boomers already gone. And then it starts really moving. So if the boomers own all the houses and there are five times as many of them as there is to us, then please somebody explain what happens when you try and sell five houses. to one person. Well, the only way that's going to happen is if every single one of those houses

becomes 80% less expensive. It's a good time to have your income doubled when not being taxed. And a bunch of jobs to loan high-quality jobs. They were high-quality enough for them to save enough money by having Chinese people do them enough to offshore them in the first place, those are coming back. Small businesses are going to pop up like mushrooms. Filling all these little niches that need to be filled. We're going to enter that virtuous feedback group again. So everyone is going to have a lot more money at the same time as there's going to be a fire sale in assets.

Just because of intergenerational transfer. you can't have five times the amount of assets and only one person to give them to. So that means the share of everybody's assets of the assets that the sooner millennial and next generation homes is going to drastically increase. Because the reason that there is a million fucking empty vacant homes in Detroit that are perfectly livable, by the way, right? crackheads like to congregate like nesting

vermin. They don't want the American dream. So each homeless crackhead doesn't want his own house in his own backyard and his own tire swing. He wants to live on top of all the other crackheads because that's where the drugs are. So most of those

homes in Detroit are empty. And you can pick them up for $6,000, $7,000. So why are they still empty? Because the Browns can't think far enough ahead to save enough capital to buy a house and stop paying $1,000 a month in rent. If they could just save up 10 months of rent, they'd be set for life because the lenders

have long written them off. Now the only thing that's the foreclosures hang on is their back taxes, which is nothing. So you don't have to worry about a bunch of grounds competing, you know, with the soon-to-be discounted housing prices. So for the young American white guy, future's looking pretty bright, even though it's pretty bleak looking now, except for the fact that we just keep chocking up when after when, after when.

That was a lot. Yeah. I mean, it's a message you've been delivering over and over again. So, you know, hopefully people are starting to hear it and starting to prepare for it. Spend no money on nothing. Buy no things. That's a,

that's a pretty succinct way of putting it. Like, seriously, if everything is going to be on, like, if there's going to be a fire sale and assets, which there's going to be. That means for every dollar,

like, you don't even have to invest it. You don't. Well, what about inflation? Yeah. Inflation will take a chunk out of it in the short term. But if assets are going to, one or two things has to happen. My capital has to grow in value to buy assets or assets have to decrease in value.

One of those two things has to happen. This time the assets are coming to you. So every dollar you save goes much more. much, much farther, even if it's just in cash. I could park my money away and then invest it and then hope that it grows eight times over and then I can go buy a house. Or I can just park that money in my checking account or saving account

and just wait and have that house become 80% less expensive. The currency doesn't matter. The money doesn't matter. The assets matter. because this is only going to happen once. Right? This reshuffling the deck only happens once. It will probably be another 150 years

for it happens again. So, like, this is your fucking shot. Well, hopefully the, um, hopefully we're not dealing with a generation of people who have grown addicted to losing. We definitely have done that. Like, just the level of,

why would I want anybody in power that has already that acts like they've lost already and if you act like a loser loser shit is going to happen to you because no one is going to give you any opportunities because you look like you lose everything the more you lose the more you should act like you win

like this is basic shit act strong when you were weak act weak when you were strong and this is the other thing we do like fucking retards. Every time they score a victory, we act like it's the end of the fucking world.

Right? We will talk about it and talk about it. Have you seen the new horrible shit that happened? This is terrible. These people hate you, which means they don't deserve to see you bleed.

They don't get to see that you're hurt. They should never see that. You should never stop smiling no matter what they do. Like, A, psychologically, but B, strategically, right? If my enemy is trying to hurt me, or my enemy is trying to tickle me, well, how do you not get tickled? Well, you try not to laugh when that, like, tickle spot hits. You just want them to fucking try. Try and hurt you.

And even if that hurts you, that place hurts you more than anything else, why would you want them to know that? Like, every single thing they do, we should laugh about. Every horrible thing that they do, that they do just to upset us. Oh, FEMA's going to let a bunch of our people fucking die. Oh, that's okay, fine. We're not bothered by it. Whatever. Because if it looks like they're dunking on us, then it looks like they're winning.

They look like they're in charge. Right. Their people hate you just as much as the people in power hate you. People that support those people hate you just as much if not more. So nothing makes the regime look more legitimate than dunking on you. so you should never let them see that it hurts ever one they don't deserve to and two like that's the most valuable intelligence you can give them trying out in pain whenever they really hurt you all that does is tell them exactly where to hit next and next time they'll hit harder and they'll hit more accurately and it'll hurt way way way more these people

should fucking score no victories like when we like when we did sign off like psychology operations

in what was it the Philippines and McVee Saug they lost tons of guys but the enemy found zero corpses

and zero blood when they could the enemy couldn't even calculate how men like are their

bullets not even being effective like what has happened are these people invincible? Are they ghosts, zombies? We shoot them. They go down and their corpse disappears. That's psychologically destabilizing to an enemy.

If the enemy thinks that they can't hurt you. So like, which is the losers we act like, gone. Which is interesting because, you know, there's a group of people who throw on telling you and pointing out every time you hurt them, even if it's made up. Yep.

And we give them that power. If you notice, they don't do that shit with blacks or browns. Because why would you? Yeah, that is. That's one thing. Yeah, it's one thing people don't realize. They only play that card to whites. Bingo.

and the ones that quote unquote save them from it like the most valuable thing we should do is wow like if you notice like I'm I am guilty of this too I feel like at my timeout

it's all serious posts and that's one of the things I just like every gnarly thing I see in the timeline I should just be posting walls, right? Like, they fucking leave a bunch of our people to die in North Carolina. We should be a person like, oh, like,

it doesn't bother us at all. But you've got this would upset us. Well, what you do is, what you do is you get people together and you go there and you help them. And that's the worst possible thing. That's the worst possible thing you can do to them. because it basically shows them up. Yes. Like, it should, the gnarliest thing that they do should roll off us, like,

water and ducks back. Shouldn't bother us at all. Like, oh, look, the regime's doing something horrible today. Is this news? No. I wish we would, there is far too many materialists in our midst. And I think the people that are like trad-cath post-a-a-cath post-a-cath.

and for Dobra posting I know why they're doing it so I'm not mad I try not to go in on them the same thing with Protestants like I don't I don't go in on them because I know what they're trying to do

and I empathize with it they're trying to can they think that if they they think that they can convince themselves to believe. If I know enough facts, if I know what this church father said this time, or this papal bull says this and this state, like, eventually I'll know enough things when I'll just believe.

So they're not just trying to convince you that they know everything about the faith. They're trying to convince themselves that they believe in it. Because the more time that they invest in it, the more they have, well, I obviously believe, Like how much I've invested in that. But I think there are not enough people that actually believe. It's like the philosophy, like, what is it?

The only real question, the only real philosophical question is suicide. Right? Like, okay, if there's no gun, then none of this matters. Then why haven't you killed yourself yet? And that same thing works in reverse. all these guys convincing you how Christian they are how much they believe and whatever

if I put a gun in their mouth they're going to be scared but they shouldn't be because they should be going to a better place right like they should be excited to be martyred like I've done a bunch of terrible shit

you mean I get to literally write all that shit off and God gives me the private elevator approach like I get to white blood treatment. The jihadis are like that. The more terrible shit that gets done to them, the stronger they're resolved.

Like, they actually get stronger the more you hurt them because of that. I don't think we're like that. That's probably a good place to end it. Yeah. I don't know how to fix that last bit, but everything else was good. All right.

Well, we've got a couple people come in and out of this, but a lot of people were here for the whole thing. I really appreciate you all. I'll try to get this up on my podcast feed as soon as possible. But Stormy, thank you as always. Thank you. It's a deep honor that there's many people or just any people that I have to say of value. So you all make me very, very happy. it's something I never would have thought of.

And I just wanted you all to know that. All right. You take care. Have a good night. You too, man. Have a good one. All right. Thanks.

Bye.