Key Takeaways

Mark Mitchell argues that the U.S. is trapped in a collapsing political, economic, and institutional order where corruption, offshoring, monetary debasement, and generational division have produced a full-blown affordability crisis, especially around housing, wages, and opportunity for anyone under 40. He says America ignored the chance for a “controlled detonation” of the housing market that could have reset prices and enabled a generational wealth transfer, choosing instead to protect boomer balance sheets, corporate interests, and the stock market. According to Mitchell, both political parties are captured by donors, lobbyists, and oligarchic forces, leaving younger Americans, who overwhelmingly feel alienated, economically trapped, and culturally unrepresented, without any meaningful product offering from the right and increasingly open to socialist policies on the left. He outlines a bleak picture of institutions in decay: a rigged labor market dominated by H-1B exploitation, collapsing trust in courts and law enforcement, state capture by corporate lobbies, and a bipartisan refusal to confront the root problem of money printing, debt expansion, and wealth concentration. Mitchell believes this decay is accelerating us toward a Fourth Turning-style realignment, where younger generations will eventually gain political power, reshape the social contract, and potentially embrace radical solutions, UBI, nationalization, AI-run governance, out of desperation. He stresses that the right could still seize the moment with a real agenda, cracking down on illegal and offshored labor, punishing corporations that hollowed out America, reforming corrupt institutions, reshoring industry, massively expanding housing supply, and building a coalition of under-40 voters, but says the political will is almost nonexistent. Amid the chaos, he sees Bitcoin and online political movements as organic “forcing functions” pressuring the system, signaling that the old order is dying and a new one is emerging fast.

Best Quotes

“Controlled detonation in the housing market… would have been a generational wealth transfer.”

“Wealth concentration has priced people out of their ability to pay off the debt.”

“Younger voters just want order. And if you don’t give it to them, they will vote for socialism.”

“All of DC is going to be blindsided by this major political shift.”

“The Republicans conserved nothing, and now they’re trying to conserve conservatism.”

“Even Trump voters under 40 want to nationalize major industries.”

“The political industry is corrupt. Every group has a lobbyist except the people.”

“People hate big business even more than they hate the government.”

“The entire internet is laughing at you, there’s a problem.”

“You ran on fixing the system. Now you are the system.”

“Bitcoin is a forcing function on finance, just like Nick Fuentes is a forcing function on politics.”

Conclusion

Mitchell paints a picture of a country entering the late stages of institutional decay, where failing systems, corrupted incentives, and generational resentment collide with catastrophic economic pressures. The housing crisis, wage stagnation, offshoring, corporate dominance, and expanding government debt have produced a society where younger Americans feel blocked from the basics of adulthood, homes, families, and meaningful economic mobility. In his view, this vacuum is rapidly being filled by radicalization, online counterculture, and intensifying distrust of elites, while the political class remains oblivious. Yet he argues that the right policies, reindustrialization, punishing corporate malfeasance, democratically realigning institutions, and offering a coherent economic message, could still redirect the country. Whether political leaders will act before the system collapses further remains uncertain, but Mitchell believes the pressure from youth movements, Bitcoin, and broader public frustration will force a reckoning soon.

Timestamps

0:00 - Intro
0:43 - We’re cooked
5:54 - Trump lacks a unifying message
12:26 - SLNT & Unchained
14:27 - H1B madness and ktichen table approach
25:26 - Boomers and the day of the pillow
34:19 - SOTE
35:48 - Trump missed the dictator window
52:02 - Policy recommendations
59:44 - The donor class
1:04:39 - Never doom
1:11:01 - Advice to zoomers

Transcript

(00:00) What would have maybe been prudent is a controlled detonation in the housing market. It would have been a generational wealth transfer. Would have destroyed paper gains on boomer balance sheets. That's not even on the radar. Wealth concentration has priced people out of their ability to pay off the debt.
(00:14) And a White House that's putting out tweets about how they stopped inflation when the American dream was shipped overseas. I would triple the size of the Department of Justice antitrust wing and sue every corporation in America that has offshore jobs. If you don't have a political system that is capable of holding them accountable and you don't have the balls to pull a bay, the right way to do is probably to think like an accelerationist, think like the left.
(00:35) All of DC is just going to be blindsided by this major political shift. >> Mark Mitchell, uh, we're cooked. >> Yeah, I think so. I think that's the diagnosis. We're freaking cooked. Uh, you know, here we are with the middle class being hollowed out, all of America's jobs being sent overseas, the most pro-H1B person on the planet, Elon Musk, screaming at people to procreate while giving away the salaries that they need to do it to the rest of the world, and a White House that's putting out tweets about how they stopped inflation when the American dream was shipped
(01:16) overseas. It's like, you know, I gave him that message at the White House, like, you probably need to actually address the underlying fundamental issues and actually explain to people how the Republican party can fix that or we're all going to be socialists. And right now, it it looks like it's the socialist thing.
(01:34) So, cooked. Well, since you mentioned I didn't know if you were willing to talk about it, but we were supposed to record last week, but you had an emergency trip to the White House to try to talk some sense to the administration because over the last few months specifically, but even last year during the election, I think that's when I found you started following you more closely, it seems like you have your finger on the pulse um of the sentiment, particularly in younger generations.
(02:02) So that's one thing uh that I like how you phrase it like polling at Rasmusen. Um you don't understand what everyone is thinking. It's like why are they actually thinking it? And I think over the last month particularly with your crusade on on X sharing the DMs that you've been receiving from younger generations, it's really highlighted why the sentiment has collapsed for this particular administration.
(02:29) >> Yeah. Yeah. I mean, we're at the end of the fourth turning, and we can get into what that is for people who don't know what it is. But basically, in my opinion, all of our institutions have been corrupted. Society is fraying. People are increasingly divisive. They don't understand what the problems are. And unfortunately for our politicians who have to solve those problems, you kind of have to have your head on a swivel and be smart about what people are saying beneath the numbers.
(02:55) Just to step back though, like we're often slandered as being right-wing or Republican pollsters. I'm an independent pollster, which means that I'm not on the payroll of either party and I'm just looking out for the voters. And what's weird is that we're pretty much like the only people in the political industry who are doing that.
(03:11) Like literally everybody has a lobbyist except for the people, the think tanks and the parties are supposed to be that, but they've been completely corrupted by special interests. And so when a White House asks me to come to the Oval Office to talk about economic messaging, that's a pretty big deal because that's like actually a lobbyist for the people being able to go down there and they c they can't fire me.
(03:36) They can't cut off my business because they never paid me anything. And it's like I've been doing this honest polling as a charity. The rest of the industry is really hopelessly corrupt. Like Rich Bars is good. Trfalger, Matt Towry are good. That's basically it. everybody else is just shilling for special interest in the establishment and uh you know polling gets misused to protect things like the H-1B program which has been one of the boots on the throats of the American people.
(04:00) Uh so I went down there and uh you know I think part of it is because sort of JD gets all this and I think Trump does too but he's surrounded by all the same kind of people. You know what I mean? It's like his donors, Fox News talking heads. And it's wild that there seems to be such a dividing line in the polling at the age 50 where under 50 people just totally think differently than people above 50.
(04:28) And it's partly news consumption. It's partly this generational divide between the values that people were grown up with. But the under 50 people are going to win. It's just a matter of time. And so you see a lot of like rebelling against the old ways of doing things. I think Israel is a very good example because the younger voters completely on opposite ends of the spectrum than the older voters.
(04:50) And unfortunately, Trump is surrounded by a lot of older interests, billionaires, you know, traditional Republicans, uh, all the think tanks that have been in DC that have done things a certain way for decades. And Sean Hannity, you know, Mark Levvin, like Lindsey Graham, these are the voices in his ear. and they're I think they know that and they're trying to get other voices in like Charlie Kirk I think was a big influence.
(05:16) Um but unfortunately, you know, in Trump won kind of the way they did things was to throw things at a wall to see what sticks. Well, we're 10 years farther down the latestage capitalist timeline and it's the music's starting to stop. like there we we need much more aggressive fixes. And like I said, you know, I think that the Democrats at least have a product offering.
(05:37) They're all offering is Democratic socialism. Republicans are still trying to like sell you sort of like glammed up Mitt Romney. >> Trickle down. It's going to happen. >> Yeah. Exactly. Yeah. Yeah. Totally. We're going to cut taxes on these major corporations and trust me, bro, it'll make your life better. >> Yeah.
(05:57) Well, this is perplexing considering this I mean 2016 I was I was 25 at the time in the leadup to that election and obviously 2020 happened four years of Biden and then last year's election and my observation of Trump over the last decade it seems that one of his strong points is that he's had his finger on the pulse of the zeitgeist especially when campaigning and >> and Trump on.
(06:26) I think that was the biggest disappointment as he got in office and sort of lost touch with the zeitgeist. And I think a lot of people are feeling miffed this time around because it was like, "Okay, round two campaigning still has his finger on the zeitgeist. It's going to be different this time. There's going to be new people in there.
(06:43) " But >> meet the new boss, same as the old boss. Uh, we got fooled again. >> Yeah. Yeah. all the all the gropers are passing around that fell for it again meme, you know, I mean, it's it is kind of like that. And, you know, I can't blame it all on him. So, back in Trump won, uh, again, the bar was a lot lower and Hillary Clinton was a terrible candidate and the system didn't suck as bad for everybody.
(07:09) Like, there hadn't been 10 years of like literally DEI uh, discrimination in the workplace. 10 years of offshoring has done a lot. The postcoid economy was is really bad. And then on the cherry on top obviously was the Biden inflation. Feel like the Biden administration was kind of like, you know, at the end of the Roman Empire where they plunder the Treasury.
(07:27) That's kind of what like the Biden administration probably was. And so everybody hated Biden. It was it was wild that we went through this period of mass formation where Biden really did, despite the fraud, turn out a lot of voters. He got a lot of people interested in politics because they thought that Trump was the chaos and that the system and the adults can be put back in charge and restore order.
(07:48) Like fundamentally, my thesis is that people just want order. And so what was wild to see Trump who was down in our polls like six points nationally to then less than a year later be winning by 10. Like a 16point swing in politics is unbelievable. And so that was a complete collapse in trust for the institutions.
(08:07) Everybody thought that Biden was going to save him. It was a complete rick roll and you know where they were chanting in stadiums FJB like just a year later. And so now the Biden administration was so bad like that you had the mandates, you had all the discrimination, you had the big bailout bills, you had all the blatant and obvious corruption, the the censorship. Like it was really bad.
(08:32) And then Trump basically wins on blowback for that. like he didn't really have a unified message. It was like, "Hey, we're going to fix the border crisis and some other things." And then he got shot and he's like, "Fight, fight, fight." And everybody's like, "Yeah, that's my guy.
(08:46) " But there was never really this like fight, fight, fight for what? If you like, you go back and look at Mike Johnson's like transcripts from early November last year and it was like we're going to get gas prices down and get wokeness out of the schools and it wasn't like there was no unified like now we're going to deliver on X. And here we are a year later and everybody's like, well, why wasn't X delivered on? Well, it's like that's a good question, but the Republican party wasn't there again to fill that vacuum with product offering. They just they've it's the
(09:18) conservatives. They've conserved nothing and now they're trying to conserve conservatism. But in my opinion, conservatism is almost like a luxury belief at this point. It's like what is that really what we're going to do? we're just going to keep like praying to free market capitalism and hope this time it'll finally fix it all.
(09:35) No, there, you know, we've been through the offshoring layoffs, then we went through the H-1B layoffs. Well, the the AI layoffs are coming. And so if you can't solve that problem, then people are literally going to vote for universal bas basic income. I've done the polling and everybody in Washington DC is like, "Oh, under 40 voters are so conservative.
(09:57) They're we're finally winning on the ideals." like no, you're going to lose. They even the ones that voted for Trump are socialists. They just they just want order. They just want their problems fixed and they are totally happy with voting with Mandami because you said you were going to burn the system down and they saw what you were doing with Doge.
(10:15) They liked it and then you rugpulled them. There's another rug pull. And it's funny too because the sort of vision they're painting and really leaning into is the AI revolution which I'm a technologist. I use AI. I think there is something there. But to your point, I think the reckoning with the disruption to the job market that's going to bring is completely necessary.
(10:39) There has to be a conversation has to be done tactfully. But as we earlier this week, the Genesis project was laid out. It's like, okay, we're going to double down on this. And then on top of that, you already have leaders of the AI industry and even the AISAR, crypto and ZAR, David Saxs, basically alluding to the fact that this is going to be backs stopped by the government and so we're going to fund your replacement.
(11:07) And they wonder why their economic messaging isn't doing great. It's like people can't afford things. And you're saying, well, you know, look at this boom of investment. we're going to be the future of AI. And everybody's like, "Well, you're just going to take our jobs." Like, I'm my taxpayer money is funding the thing that will kill me.
(11:25) And I don't think people want universal basic income. I don't think people want to live in the pods and eat the bugs. Um, but it's like, again, there's there's no product offering at all. And it's like Trump is leaning into I said these words to him. I said a lot to him, but one of the things that I I definitely underscored was like there is an oligarchy here. It's in charge.
(11:44) and not everybody knows it, but they feel these forces and there's a lot of opportunity to smash the oligarchy instead of like being surrounded by it and being a part of it. Um, and I think that that again we're in a point where I don't think there's any easy answers. But people hate big businesses even more than they hate the government.
(12:02) And Donald Trump won because people hate the government. It's not it was not Kla Harris. It was Biden's government and the fact that trust in the federal government got down to only 30%. Kla Harris had 49% trust. You know, she won the vote of half the country, 30% trust in the government, and she was the government candidate.
(12:21) And so, they voted for Trump, and Trump's like, "Okay, cool. Now I'm the government guy." And uh, you know, I don't know. Sup, freaks. This was brought to you by my good friends at Silent. Silent creates everyday Faraday gear that protects your hardware. We're in Bitcoin. We have a lot of hardware that we need to secure your wild emit signals that could leave you vulnerable.
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(14:44) Really um engendering the spirit of this is a good thing. We need to lean into this. Americans are stupid and lazy. And I think that's been one of the most astonishing things that I've seen on your exac account over the last 3 weeks is the amount of DMs from people that have been affected by this policy. Um, which is big business basically using >> this loophole to import cheap indentured slave labor essentially.
(15:11) And not only that, but the the whole idea that the talent doesn't exist here in America, we need to import it, I think is objectively false. the end products that come out. These companies are are typically way worse than they were before this program existed. >> Yeah, I should tweet something about that.
(15:30) I mean, I came out of the tech industry most recently and I worked at a big corporate gig at well, I worked at jet.com which got acquired by Walmart and so I worked in Walmart e-commerce and objectively the cultural aspects of the Indian engineering that they import uh create significant amounts of customer friction.
(15:48) This is a high power distance culture where problems are buried because nobody wants to get fired. And my job was to unberry problems. And they were if you've order on Walmart and your orders gotten messed up, they sent you the wrong item, it got lost, it's blah blah blah, there's a four in five chance that it was because of technology problems caused by legacy systems and bad engineering and low quality control.
(16:12) And that's happening, I think, at every major Fortune 500. And uh the systematically this is this is like part of the political calculus that I think most people under 40 fundamentally know and that everybody in DC is just like completely on. And so if you look at H-1Bs, the program is actually really popular. People love the H-1B program.
(16:35) It's like 65 to 30 or something like that. And that's because I think fundamentally people are still like sort of coded to like im immigration and they they like the idea of taking talent from other countries. But then if you ask them, well, okay, are corpor do corporations really need this talent or are the corporations gaming it? And people are like, oh, they're probably gaming it.
(16:54) Last time we checked it was 48 to 38, I think. And then if you give them the Laura Ingram quote that we have the talent and we don't need to flood the country with labor from everywhere else, they're like, "Yeah, hell yeah. But we don't do that like two to one. So the problem in DC is that they'll just take the headline that everybody loves the H-1B program because it allows them to like help their corporate interests.
(17:15) They can say, "Hey, like I can help you out. We'll do this and and the corporations do this." Then it's so much more pervasive. So you have all these people where there's real high severity because they had to train their own replacement. But then it's even worse because it's like this boot of discrimination on everybody's throat.
(17:33) Um people don't talk about this a lot. the H-1B, in my opinion, a lot of it isn't just the lower wages. It isn't just the subservient workforce, um, because you're holding, you know, going back to your country over people's heads. I think it's also used in order to lower blended health care costs for these employer plans because if you want to replace the old people with young people, well, it helps to have a bottomless well of young people.
(17:59) And they don't even do the math that I like Walmart's I think Walmart's engineering is over 60% foreign national now biggest country company in the US by revenue and o over 60% and that's a national security threat if you think about it too too this is happening at Google it's happening at Amazon it's happening at Microsoft it's happening at most of the banking industries have given their technology over to the rest of the country and the Republicans are like sweet this is great my donors love it And again, it's a popular program, but
(18:31) anybody who's touched it, who's tried to get a resume through an HR Karen, like just knows that this is manipulated. These people lie on resumes. And then and so when Trump comes out and he uses billionaire talking points to defend the program. That's like the biggest failure of not understanding the core base and their needs.
(18:52) And unfortunately for them, they don't like to acknowledge the fact that a lot of their core base is young men under 40 who have been the doormat of society for the last 10 years. They've literally been paras. They've been political paras. And the Republican party won't embrace those people. They'll turn their backs on those people because of like some stuff about Israel.
(19:12) And it's like that's the problem. Like you're going to you're going to lose. there's going to be major political upheaval because these people are still being driven to extremist situations and uh you know you talked about the horseshoe the horseshoe theory of politics is a real thing on the right this one's wild it'll blow your mind um we've pulled a lot about voters under 40 and in the last set we asked people well you know AI is getting more advanced and people are frustrated with government would you support giving control of
(19:44) government governance and law making in the United States to an advanced artificial intelligence and it was like 41 to 50 I think but the people who supported it most were conservatives under 40 conservatives were like yes please put us out of our misery just let the AI take over we had another question about would you give control of the military to AI and under 40 conservatives are like yep by a plurality that they're like let's build Skynet let's just get it over with it's just wild and these and and they're
(20:15) being completely ignored. They're oh, it's just a couple of gropers. Like, no, there's about 5 to 10 million of them and they were the initial core of the reason Trump got elected in 2016. But like, and again, this is just wild because like anybody who watches Asmin Gold or like the shoe on head just put a really great video out.
(20:33) Like anybody on the internet like fundamentally kind of gets this and every single human I've talked to in Washington DC just has no idea at all. It's it's just the disconnect is so bleak. They are not serving the people. >> Were they shocked when you were bringing them this information? >> So I had well I went down there I co-host co-hosted war room and then I had like three meetings.
(21:01) So I did the White House and literally nothing I said was anything that was a surprise to JD Vance. So that was good. Uh like he gets it. He he was the one that's trying to bring more voices in. And I think Trump gets a lot of it, too. But again, he's surrounded by Fox News talking heads and billionaires.
(21:19) And then I went to the RNC and I wasn't there long. Joe Grutder seems like a nice guy. I was told that Joe Gruters is more of like a MAGA loyalist uh than prior people were there, but the organization itself just seemed kind of like out of touch. Like I got this very, hey, we have the right message and we have the right set of values, so we just need to vote harder.
(21:38) And it's like, "No, no, you're going to lose." And then I went to the Capital Partnership Institute, conservative partnership institute. It was like a nonprofit think tank. I think it's Mark Meadows set it up. And the idea is to like take the youth Republican staffers and feed them into this hopper of like true conservatism, I guess.
(22:04) And so there was like about 40 people in their in their 20s mostly who are supposed to be like the core conservative in Washington DC. And I feel like they really wanted to hear my message. I spoke a lot about the fourth turning about burning burn it down politics about how the right is outclassed and how long-term everybody's wants to go social blah blah blah.
(22:24) And they were open and receptive to my conversation but I could tell they hadn't really heard it very much. And none of them are fighting the info war. That none of these people are on the internet at all. They're super super like afraid that they'll say something that will get back to them in a Senate confirmation hearing or something.
(22:42) So, like even the conservative in Washington DC doesn't really necessarily represent and and and conservative in Washington DC really still does mean this like economic libertarian uh social conservative aspect that is an offshoot of like old heritage foundation and stuff like that. though, like they're changing.
(23:05) They're trying to change. I think like I I could see the initial steps, but it's just so glacial when it's up against a very smart and unified machine. Like I think the Democrats are starting to realize that they they can actually win without being insane. Like I don't know why they were ever like that, but uh you know like that's I I I hate to be kind of reductive with a lot of this stuff, but I think the polling backs it up is that the Democrats really will just win by not being if they stopped backing the climate change stuff so
(23:36) hard. They stopped with all the gay stuff and literally were just like, "Hey, kitchen table stuff." Like maybe it wasn't smart to like try to say we should defund the police. They would just win because they have a brand advantage. They control the institutions and government. They're actually positioned in many ways to to deliver better than the Republican party is because the Republican party is just completely seated control to the Democrats.
(24:00) And obviously the Democrats have done it by like >> you know arbitrageing taxpayer money into NOS's and centralizing everything and having a ubiquitous message and punishing people that didn't tow the line. But that's the problem is that the right is like completely it's like hurting cats to get anything done. It's just complete asym asymmetry where the left is this just organized machine that again I don't know why it's been as weird as it has but it I think it's going to learn from that and you just look they're embracing their youth movement and the Republicans aren't.
(24:35) Democrats are becoming increasingly socialist and Republicans are very conservative. Um, but what you know what I mean? Like the the socialist wing of the Democratic party is their youth movement and it's being leaned into. They're starting to get that now. Like Chuck Schumer is the old way. He's going to go away.
(24:53) Nancy Pelosi is gone. It's going to be like the squad and Mum Donnie. It's going to be people like that. It's it's going to And to be honest with you, when I've done the head headto heads, JD Vance pulls very well. the only person and it was a couple months ago, but the only person that ever beat him in a matchup so far, Bernie Sanders.
(25:14) So, and driven entirely by his name recognition with the youth because they think that he will change things. So, I I think JD Vance has a good message, too. Again, the problem is is that it's not the message of the Republican party. >> No. And to your point about the Democrats, if they wise up and distill everything to kitchen table politics, if you just look at Mom Donny's campaign, particularly the social media aspect of it, and they're able to apply that to whoever they want within the party, it's going to be game over. There is no if
(25:45) they can apply that kitchen table democratic politic in the way in which mom Donnie did on Tik Tok and all the social platforms, it's not going to end well. Yeah, it's just really weird and and they're the right is like fiddling on the Titanic because they'll they'll pound their chests about conservatism and traditional values and and individualism and like all this stuff, right? We ask the question, what's better, capitalism or socialism? And everybody says capitalism still, even under 40, they say, yeah, capitalism is obviously a better system.
(26:23) And then the under 40 Trump voters, threequarters of them want to nationalize major industries. Almost 60% of them want excess wealth confiscation. You know what I mean? So it's like they like capitalism. They just they know we don't have it. And so of course they're going to vote for a Democrat socialist. Like why wouldn't you? Let's try something new. Old way isn't working.
(26:44) Let's try something new. And like all of DC is just going to be blindsided by this major political shift. Like I think there's a very big age aspect. It's probably even worse in the Republican party. But when you look at everybody in Congress in the Senate, 60% of them are boomers and only 14% of them are millennials.
(27:02) So that number is going to change over the next 10 years a lot. Like a lot. Boomers is probably going to be down to like 30%, Millennials is probably going to be up to like 40 45. Then you throw the Zoomers in there, they're going to get pretty close to half soon. So you're going to see things like a whole another look at social safety nets.
(27:21) So when you bring these things up online, it's really fascinating in my opinion. And this gets back to the fourth turning stuff is like when you look at the responses in the arguments, it's very easy to spot a boomer response. And unfortunately, the Republican party is basically the Boomer party.
(27:43) Um, very much still controlled by those types of people. And what they say about the under 40s is, well, they just need to work as hard as I did, or they need to like walk their resume up to their the boss and hand it to him personally because that worked for me back in 1972. Uh, why can't they just move to a different town or maybe they need to take on another job or while, you know, just stop taking the medication and maybe you won't be so crazy.
(28:09) You know what I mean? It's like it's like that kind of thing. And I see it all the time and I I try and push back and it's like, you know, you're not helping. You're not helping. Well, it was tough for us. You know what I mean? We Here's the one that that gets me. It's like, well, you know, I paid into social security.
(28:28) It's like, okay, but these people aren't going to have social security and they're still paying for yours. So, I wouldn't talk about your social security check. I would pretend that like it doesn't just be quiet about that. You know, have you heard about the day of the pillow? >> Uh, I have heard people tweeting about, but I haven't dove into it.
(28:48) >> It's like 4chan green text lore uh that millennials apparently have. And I'm like I'm like right on the edge between X and millennial. So, I'm a zenial. I kind of call myself like Switzerland in this whole thing. Like I don't have a side. But the 4chan text was about how all of these boomers that had like a really really great run in America, you know, and they'll say they didn't, but they did. They really did.
(29:14) They grew up in a great time. They had a really great corporate experience, you know. Sure, some of them got sent to NOM. That was bad. But they got to experience like the good parts of society fraying, which is like, you know, breaking out and experiencing all this new stuff and not really any of the bad parts.
(29:30) And they're going to get the full they're going to get the full social safety net treatment. They're getting the best that Medicare, Medicaid, and Social Security has to offer. Great retirements, awesome healthcare. Think about the think about the healthcare technology boom that's going to extend the life of boomers that our country can't afford to supply to the millennials and Gen Z.
(29:54) And and they'll say, "Well, you know, I paid I paid this." So the the the green text is basically about all these boomers sitting around in nursing homes that are going to be staffed with legal aliens that the boomers brought in and you know some immigrant who has no ties to the country and no financial future who finally just puts a pillow over their face in the it's really dark in the uh in the home you know after they strip mind America but you know again it's dark but then what's that has morphed into is that there will come a time in
(30:29) the next 10 to 15 years where the zoomers and millennials will have the political power to to shut off the social safety nets or make a major change or redistribute wealth or whatever. And we're kind of on that cusp now because in the White House for instance, you know, the housing market is a crisis, crisis levels.
(30:48) They say it's a crisis in the polling the the under 40 voters like 75% said it was a crisis. only it's only in the teens. They said no. And most of them think they'll never be able to like get a house. And then that's backed up by the data. The National Association of of Realtors put out the first-time home buyer chart went above 40 for the very first time like right on election day.
(31:09) And the it's just shooting up. So basically right now our real estate markets is just boomers selling houses to boomers. And you know, I go to the White House and I say, "Well, you got to stop talking about like turkey because people can't afford a house to put the turkey in." And he's like, "Well, yeah, you know, but a lot of people a lot of people really are worried about those home values and they want to keep them up.
(31:32) " I'm like, "Well, yeah, I agree with you, but you need to get the vote of the under 40s and the housing market is a dealbreaker for them." And so I said like what would have maybe been prudent is a controlled detonation in the housing market and that would have actually been a wealth transfer. It would have been a generational wealth transfer.
(31:52) It would have destroyed the paper gains on boomer balance sheets and transferred like you know assets that the whole new generation could grow into. And that's not even on the radar. Like that that's not even and it's because you put Bill Py in charge of housing. You put bankers in charge of banking and and like the Bill Py plan. It's a joke.
(32:14) >> Mortgage is insulting. >> It it was like Jamie Diamond and the like homebuilder lobby built the best plan to not only is it not a solution, it makes things worse. So it increases demand for housing without increasing supply. We we all know what happens when you do that, right? pricing goes up even better, which is better for who who's that better for? Bankers, homebuilders, investors, and boomers.
(32:40) And then the people, the zoomers that do get into the market are going to be buying in at the peak, helping a boomer cash out, right? And then saddling them with 50 years of being underwater, right? And uh and then they're going to pay more interest to the banks. Like literally, everybody wins but the under 40 voter.
(33:01) And Bill Py might be a nice guy, but like you should fire that guy. Like that was dumb. And you like you had one shot to do this, right? And again, you got to smash the oligarchy, not be the oligarchy. And and and I think mo most people don't understand the deeper problems here. But when the entire internet is laughing at you, like there's there's a problem.
(33:23) And >> I mean the mimeatic framing of it alone, like you have Trump next to FDR and it's like, "Hey buddy, don't you realize that that was the guy that incited all this welfare state nonsense that you have to put up with today?" >> That's right. And you know what Mum Donniey's going to be? If you if they, you know, wave the magic wand and find out he has a birth certificate from like De Moines or something, what what they're going to what they're going to do with that guy is try and make him into the next FDR, which is even more
(33:50) ironic, right? Uh, and I I mean I was even taking my swipes at it. I said Trump's plan for affordability was the uh was three-year loans for turkeys for Thanksgiving. No money down, three-year loans for for the turkey. And people were like, I don't know. I might have to trade down to a chicken this year.
(34:10) It's like so I mean it's like >> we've done a public private deal with Afterpay. Don't worry, we're going to get you the best rates. It's uh >> Oh, no. What's up, freaks? Been seeing a lot of YouTube comments. Marty, your skin looks so good. You're looking fit these days. How are you doing it? Well, number one, I'm going to the gym more.
(34:30) Trying to get my swell on. Trying to be a good example for my young sons, a fit, healthy dad. But part of that is having a good regimen, particularly staying hydrated, making sure I have the right electrolytes and salts in my body. That is why I use salt of the earth. I drink probably three of these a day with one packet of salt the earth.
(34:52) I'm liking the pink lemonade right now. It's my flavor of choice. Uh this is their creatine. I've added this to my regimen. They have it in these packets as well. Uh makes it extremely convenient if you're traveling. You want to work out while you're traveling, but you don't want to be carrying a white bag of powder and going through TSA.
(35:09) It's very very uh nerve-wracking at times. You have to explain, hey, it's it's not what you think it is. It's creatine. I'm trying to get my swell on. Um, make sure you're staying hydrated. I have become addicted to these. It's made my life a lot better. I can supplement this for coffee in the morning and be energized right away. I can supplement.
(35:29) I can bring the creatine wherever I need to. Just put a couple packets in here before I head to the gym. Bring this to the gym, drink out of a glass bottle, make sure I'm not injecting any microplastics into my body. Go to drinksotay.com. Use the code TFTC and you'll get 15% off anything in the store. That's drinksotay.com code TFTC.
(35:49) All this and like I said before we hit record, it's as a millennial in my mid30s, young family about to buy my first house and I'm fortunate uh that I'm going to be able to do so. But I think it took too long for me to get to this point. You look at everything we've discussed and you mentioned it earlier. this is latestage uh capitalism, but I would argue this is like latestage fiat.
(36:12) Like all this that we're talking about emanates from the fact that we can print money and throw it at whatever the hell we want. And so when you look at the housing market specifically, this is one I like to focus on because the boomers are using their houses as piggy banks and just riding the wave of currency debasement which pushes up the value >> of their houses um more than the pace of inflation.
(36:37) And this is what really worries me about the current political climate with everybody running to the polar ends. I think people running to the polar ends and that's being incited by this economic stress that exists. And so you're seeing this economic populism manifest in two different forms, far left, far right.
(36:55) And really you're just swiping at the symptoms of the problem and not getting to the core of the problem. So I don't know um what your thoughts on on sound money but like me personally like that like this is what I've dedicated my life to is I didn't start out prefacing it in a political way but increasingly so over the last decade.
(37:16) You've been sort of forced into the political realm. It's like hey guys get I understand there's a lot of economic stress. The right you're mad that the immigrants are taking their jobs that you can't buy a house. Um the left I understand that you think the corporate oligarchs are taking all the wealth. You're right.
(37:35) Both of you are right to a certain extent, but the solution to this problem is not overt communism or um having a strongman fascist come in and physically remove people that you disagree with. Like there is a core to this problem which is the money and the fact that you can print it and throw it at whatever you want and both sides are doing it.
(37:54) So I wonder if I have let me see if I can pull up anything while I'm talking here is the one of the problems is is that I agree 100% with you that there is like problem there. But one of the things is that it's so abstract to your average voter that they they know they're getting screwed but they don't know why or who.
(38:15) And so I think that this anger goes to big corporations and it goes to government and not necessarily things like the Fed or the monetary system. I got trying to find if we've even pulled on it. Now I am hopeful about the right in that if you remember and again I don't have numbers on this but one of the things that people were happy about on the internets when Trump came in was that we were going to audit the Fed.
(38:39) We were going to go after the DoD. We were going to take a look at the IRS. We were going to like look at all of these systems the system right the oligarchy. And I also think too is that there's increasing anger on the right at the corporate oligarchy as well. a lot of people who say like the nope, this is not free market capitalism.
(38:57) Like we, you know, if that was true, if it was the left that hated the corporate oligarchy, I mean, we pulled on big businesses and the numbers were of people who didn't trust big corporations was 60 70% among Republicans. It's almost as high as the left. And then I think there is this aspect of like the horseshoe theory of politics which is like okay, it's not a right left spectrum.
(39:18) It's like when you add another layer of like authoritarianism, then the extreme right and the extreme left become a lot closer together. And that is true. That is really true because again, look at the under 40 voters who would put an AI in charge of the government and look at the under 40 voters who would nationalize Trump voters who would nationalize major industries.
(39:38) And what's kind of wild too is that uh the the accountability signal has been strongest among the youth vote. So they were the people most likely um okay so they for instance take things like the autopen scandal. They're following it less closely than other people but when you tell them what it is they're most likely to say they're concerned about it and they're most likely to want arrests.
(40:04) So it's like the arrest signal in these things like autopen uh you know impeaching the judges um Arctic Frost. It's like a three to one signal among under 30 voters. And they also are most likely to agree with the Trump quote that he who the Napoleon quote uh he who saves his country violates no laws. So I do think that if Trump like some of my feedback would have been in the march to do more of this to play fast and loose with the law to ignore some of the judges and I think that that would have allowed him to sort of enter this higher plane of
(40:40) governance where people would have been happy that the system was being fixed like I think that uh people would have forgiven a lot. Now part of the problem is it's like okay well you did everything with Israel and Epstein and the one big beautiful bill and the government shutdown. Now here you are with weakened political capital and I don't think you can get away with it again anymore.
(41:00) And so I'm not calling for like a dictator and uh you know I'm just I'm just saying it's like also the constitution is not a suicide pact and we are getting to a situation in my opinion where we're really people are really concerned about political violence. It's like 90% of them especially on the left. The left is very concerned that the right is going to become violent.
(41:23) Um 43% think of civil war or revolutions likely in the next few years. That number keeps going up. And uh people, this one's kind of wild. We ask people who's the biggest enemy facing America. And like China wins, but the Democrat party is number two and the Republican party is number three. No, actually I think we had one where the Democrats were number one.
(41:42) So it's, you know what I mean? It's and people are overwhelmingly more concerned about domestic terrorism instead of like foreign terrorism which is why these arguments that Israel is using like hey we're keeping the terrorists away by you know they don't care. They're literally worried that we're going to start shooting each other.
(41:58) And so again I like I don't know where that goes but it's on both sides and uh this is what happens when all the institutions fall apart and the existing institutions are incapable of dealing with the problem is that you get new institutions and new value sets that this is the fourth earning. This happened time and time again.
(42:20) We you know the country was kind of messed up. Then we had World War II. Everybody got on the same page. They punched Hitler in the nose and took out imperialist Japan and everybody formed a new value system based on us being like the shining beacon of democracy superpower to the rest of the world.
(42:38) And that we had a good run off of that. We had a good 50-year run. Same thing kind of with the Civil War, right? You know, like we built a new country and we had a whole new set of values. And uh that's what happens is institutions decay, there's fighting, there's a solution, and uh like a vacuum gets filled. Like that's my theme here.
(42:57) There is a vacuum and it's going to get filled with something. It would be nice if it got filled with a competent conservative Republican party that was like willing to get its head out of its rear and not listen to the billionaires and actually listen to the American people. I just don't think we're I like just don't think we're there yet.
(43:18) You know, >> not only would it be nice, I mean, it's completely necessary to your point about that opportunity earlier in the year for Trump to really lean in and sort of throw some degree of due process to the side. I think people, myself included, would be okay with that because I think it's become abundantly clear to me at least that we live in the age of anarcho tyranny.
(43:40) I mean, what just happened in Minnesota earlier today, the judge threw out the conviction of people who were scamming some sort of um some sort of government subsidy program. And that's like this per these people were convicted by a jury of their quote unquote peers. We have to find them as peers, but um found guilty, supposed to be sentenced to go to prison, and then a judge comes in out of left field and says no and throw the conviction out.
(44:06) It's like we don't have justice in America anymore, which is incredibly scary and does leave open an opportunity, at least in my mind, for a somewhat strong man to come in and say, "Hey, no, if we're going to live in a society, if we're going to have this contract between the government and the governed, like we need to uh enforce the laws that we're all agreeing to here, and that's completely getting thrown out the window.
(44:34) " What do you what do you think a solution is to that? >> Um I mean this is controversial in the Bitcoin space too, but I you just look at what Bouquet Bouquet's done in El Salvador in the last 3 years. Like >> yeah, >> it's uh >> Yeah. >> I mean, you got to attack the corrupt judges and actually throw people in jail.
(44:59) like this whole um I mean it's becoming abundantly clear if you're online like a lot of the gruesome targeted deaths towards white people and white women specifically are being um being u sort of waged by people who have multiple criminal offenses like the three strike policy should exist. What's the stat? If you were to enforce the three strike policy, violent crime would reduce by something like 80%.
(45:24) >> Oh, I had seen that. It makes sense. makes 100% sense. You know, that was powerful. The uh the it gets glossed over by the Charlie Kirk assassination, but we pulled on Arena Zerutka and overwhelmingly I mean obviously people thought the guy was guilty, but when you pull on the capital punishment, like that's a pretty profound question.
(45:43) Like a lot goes into whether you think that criminals should get killed or not. Uh you know, a lot of value things and worldview and stuff. And capital punishment was popular last time we pulled it by like 49 to 36. But after that killing it was 60% to 20%. Including a majority of Democrats. It was plus 70 among Republicans.
(46:05) Capital punishment is super popular among evangelical Christians. So people are fed up. I think that's one of the signals. The you know the problem with again the BI approach is that there's still like a lot of risk because there's so much backbiting on the right. there's a lot of risk that whoever does this is going to become like a pariah or get you know the system's going to turn against them or like there's there's still too much risk and not enough upside and I'm just thinking pragmatically about like why don't we do that here and so at the
(46:37) same time what I see from the conservatives is they have no answer at all like I I've heard a lot of people conjecture about what Congress could do for instance about judges like Boseberg and essentially they've done nothing and so even you have Elon Musk who's an important voice. He's massive voice screaming about all these corrupt judges.
(46:56) And unfortunately, in my opinion, if you can't if you don't have a political system that is capable of holding them accountable and you don't have the balls to pull a bay, then what the right way to do is probably to think like an accelerationist, think like the left. And look at Comey. You know, I understand that the indictment of him was pretty quick, but you also have to acknowledge that it does appear like from a criminal accountability perspective, the Trump administration has been careful to cross its tees and dot its eyes, right? It's
(47:28) like, hey, we want this stuff to stick. Well, no, you should just be spamming indictments. Like, just put all throw all these people in, you know, at the court system and see what happens. The idea is like, hey, like, you know, the indictment has to have weight and there should be some supporting evidence and just let the court system revolve these guys the revolving door right back onto the street.
(47:54) At least the Americans will see then that our court system is corrupt. You have a constant signal that this the system is worse than you thought. The system's worse than you thought. And we we don't have that. Instead, everybody's anger and rage is at Pam Bondi for doing nothing. They could have been arresting one person a day, one big important person, and they would still have another three years worth of arrests to do.
(48:16) You know what I mean? Like, yeah, we could, you know, arrest some of the people in the pharmaceutical industry. And I I understand the pharmaceutical companies have like, you know, you gave them immunity, but so what? Like, they murdered people. Like, so what? Uh, you know, there's plenty of corporates that have done bad things.
(48:36) I mean, probably plenty of plenty of scamming of the co money. Uh, just, you know, at a certain point it's Well, I like this is what it comes down to is it's like, okay, you kind of ran on fixing the system and now you are the system. >> Yeah. >> And so they're the the anger is being directed at them and not at the parts that are bad.
(48:56) It's like, yeah, sure, everybody hates Boseberg, but it's like, no, this is everywhere. This is literally everywhere. There's Soros DA everywhere. the law enforcement is probably way more corrupt than anybody knows. And so if you can't fix those problems, I guess you just got to make them look worse. >> Yeah. >> And nobody will even do that.
(49:13) >> That seems like the path towards acceleration is the path that's been chosen. Uh which again is a father with young children, not ideal. But I mean to your point about CO too, I mean that's one thing that's passionate. I had to escape to Texas for 4 years cuz it was crazy here in the Northeast.
(49:30) And I mean multiple parts of co uh I mean the lead up to it we funded the research that created the virus in the first place. Then we shut the economy down, hollowed out the middle class even more. And then Trump's guilty of it like inciting >> Operation Warp Speed and basically telling everybody to disregard everything they've been taught about vaccines and how it takes a decade to test them and don't worry, this one's 9 months out and you got to get it.
(49:55) If you don't get it, you can't go to a restaurant, can't go back to your job. basically putting it in the arms of 80% of the people in the country and um 12 to 18 months later people start dropping like flies turbo cancers through the roof like there's been no reckoning for that what I would call crime against humanity >> a lot of which the the pharmaceutical companies were in the middle of um yeah it's completely and our cartoony again it's >> well that's the thing it's like you get rightest accelerationists or leftist
(50:25) accelerationists and the leftist acceleration is to force the system to to its like brutal max corruption. And if if the right doesn't answer back, then that's what the left is going to do next time they get in office. And I hope there'll be more sane. But I assume we're just going to be see more people thrown in jail and more uh censorship.
(50:47) Like I I just I go to sleep at night and I just picture Elon Musk standing in front of Congress defending Twitter against all the people who are accusing it of being an anti-semitic platform and that we have to stop all this hate against Israel and look at the way the polling turned against Israel and it was wasn't it crazy how it was like Elon Musk's bots and now we have to now we have like an anti-semitism crisis in America and we have to shut down Twitter and it's like you know what I mean and it's like okay
(51:15) well the one beach head of actual open discourse on the internet >> is now gone and everything's going to be like Reddit again. And and that's where I think like your peak psychological warfare is happening on these like internet on-ramps into this online like youth liberal monoculture that's Marxist and they like the right has no idea like Homer had the CEO of Reddit on Capitol Hill and I don't even think they asked him a tough question.
(51:42) You know, it's like meanwhile, you have people going on and getting onion links to the deep web to learn how to make like bombs with Antifa and and they're declaring Antifa a terrorist organization and >> not doing subpoenaing Reddit. Like, what are you doing? >> Man, >> since you're close to the source of the sentiment of many Americans, but I think particularly for this conversation, the younger generations, what would be the broad brush sort of policy that you or policies that you would recommend? I think starting cuz that's the one thing
(52:23) when you look at Mamani and the socialist left, it's becoming clear that they're running with this economic populism affordability crisis meme. And it's not a meme, it's reality. They're leaning into it. And I think the right has an incredible opportunity to lean into it as well. they just completely the bed in terms of forming a coherent narrative and policy around it.
(52:49) Um like there's pie in the sky and then there's like within the actual realms of possibility. Uh I mean the problem is just so bad. I've proposed fixes like some of these sound really stupid but I think that they would go a long way. It's like, okay, pull Baron Trump out of Columbia, make him deputy chief of staff.
(53:12) Get that guy in the White House. Put Trump on the podcast circuit again. Like, let him sit in front of Joe Rogan. Joe Rogan's going to chew his, you know, like it's not going to be as cushy of a discussion as it was last time. But it's going to make Trump actually acknowledge like why he ran and the current state of things.
(53:28) Like, he needs to get this feedback continuously from multiple people. They probably need like a coalition of young people in the White House to talk to Trump every morning. And for God's sakes, he he should never listen to a single Fox News talking head ever again because that's the globalist wing of the Republican party who literally, in my opinion, helped destroy America.
(53:51) Um, and certainly Fox News is not, you know, a proTrump organization and yet he just loves these people. And so that's like one. two is like I laid out the plan. It's like again I think any plan would work as long as you say we're restoring the American dream. We acknowledge the Republican party's role in it and we're going to fix it together and this is what we're going to do and it's going to be a long-term plan.
(54:19) We're going to deliver on this aspect of it and it includes massive cut back on immigration, punishing corporations for illegal labor and for undercutting American wages. Punish corporations is a very very very very very very big part of this. I would triple the size of the Department of Justice antitrust wing and sue every corporation in America that is offshore jobs.
(54:44) But, you know, put a put a tax on them. Use the IRS. put payroll taxes on every offshored worker. Like, you know, the entire CPA industry is like 50, 60, whatever percent it is offshored, you know, and what's going to happen when you do things like this, the stock market's going to crash. And I think people are okay with it as long as they have a light at the end of the tunnel.
(55:01) It's like, hey, we're going to fix the housing market. You know what I mean? Yes. Yes. Your housing value is going to come down. Why? Cuz we're going to build 5 million homes and train you how to do it, and we're not going to do it with any illegal labor. and we're going to get rid of five million uh people that are from other countries that shouldn't be here.
(55:19) And it's like, and again, they're doing some of the stuff. The H-1B fee will be part of this plan, but it's like Trump doesn't even know the H-1B plan, the fee exists. He probably doesn't know about Project Firewall and why it's happening and who's running it and what the goal is. And so that that's one. And then two is like, "Hey, we we hear you.
(55:41) " When somebody gets assassinated and nobody trusts the FBI, it's because the FBI was corrupted and we just put another person in charge of corrupt organization. And so we're actually going to reform government. Here's our plan. It's going to be visible. It's not going to be transparency because transparency just pisses people off more.
(55:58) Oh, look, the CIA is just as bad as I thought it was. No, we're going to go through a very systematic internal investigation, public airing of evidence and firings. And it'd be great if you threw them in jail, too. But you were going to frog marsh the people out of the IRS, the DOJ, the Department of Defense, all these people we all know are still there.
(56:21) And it always should have been predicated on fraud and abuse and corruption and misuse of, you know, and and not on downsizing the government. It's like, you know, Doge, that that was great, but this is about res restoring uh trust in institutions for the American people. And obviously people are going to cry about it. And I that's the point.
(56:44) The point is for people to cry. And uh like I think that that two-point plan right there, if you could and again, if the Republican party's not going to play, uh I think a lot of people on the left would be behind this. I would I I I think you see increasingly people like Ro Kana and maybe even Mum Don like people like that willing to lean into this like it's kind of the stuff that Elizabeth Warren and AOC have been saying but obviously they're not true believers in the stuff they say but that's what happens when you have a political realignment and so the
(57:16) Republican party can either like play ball um but like the idea that somehow Jon's like pharmaceutical backers should be able to like prevent us from reordering the cost of healthcare uh you know like that that has to go away and if he's going to stand uh in the way then you have to be very specific about why these people are blocking you it's not MTG she's gone crazy look at this she can't be trusted as a reliable mega vote like no be very specific about what the problem with her if you're going to fight your own party
(57:49) you have to be fighting the broken system and force Republicans to pick a side are you going to be on the part of party that's fixing this or are you going to be on the broken system side? I would love for somebody to freaking rail on Chuck Grassley right now for going to bat for the big a and the pesticide industry people that obviously support him because of where he's from.
(58:12) When you have people like Cali Means in there looking out for the health of the of the people and passing regulations that try and keep cancer-causing agents or whatever, you know, like these kind of things. And uh unfortunately that's going to take a Manhattan project in order to do it. And the the window is closing.
(58:30) Oh, the third point is that they need a half a billion dollars to fund a shadow RNC to fight the state and county level Republican parties and basically ti knit together all the grassroots volunteers group in front of an organization that is intentionally built not to cipher donor donor money. So it's like it's great you got Gruters there, but he's he's not going to be able to fight against all the establishment Republican scumbags spread out across the country and all those people do is just run crap candidates so that they can maximize the amount of
(59:01) like donor harvesting money that they get out of the NRSC, the NRCC and stuff like that. So that's how you could fix it. And I think it's possible, but I think the level of will is just not there at all. And it's like, okay, probably pie in the sky to think that somebody's just going to cough up a half a billion dollars for Republicans to fix America without having any personal interest cuz that's all Trump's donors.
(59:25) He says this. He said he he told the world in a speech about Miriam Mlesson. Like he said this. That's how it works with every single one of them. It you know, so that's that's what it and like again I don't think that's too of a plan. I think it's achievable. Uh it's just a matter of will. >> It seems very uh I mean on the surface at least it seems very simple and even killed maybe not even killed but like uh it seems like it would answer a lot of the questions and a lot of the frustration that exists in the younger
(1:00:01) voting base right now certainly be more appealing to me than what's going on right now. And I mean the extent of like I don't really get too engaged in the dynamics of the Republican party and the donor class uh the incumbent donor class there but I've seen it up close and personal with our industry.
(1:00:21) I've been going to DC a lot um talking to politicians and some think tanks about Bitcoin policy and just seeing how money has corrupted um policy as it pertains to Bitcoin and broader crypto is nauseating. If you have money, you're going to get in the room. You're going to be sitting at the table um pushing your wares um at a hyperritical time for this industry in the country.
(1:00:49) And it's just become obvious from my perspective of what I've seen in Bitcoin and broader crypto that the money talks more than >> it's way worse than you know. It's way way way worse than you know. There's a really good ar article in the Guardian that came out I think about a month and a half ago and it shows how interests on the right work and uh what I kind of say is that the Democrats are the party of big government and also corporations and Republicans are the party of corporations and also big government and uh like this really lays it out. So, uh,
(1:01:24) you know, there's an aspect of corporate welfare on the right and a really big lightning rod of it is the the whole food stamp program. So, it turns out that out of the like 120 billion a year we spend on food stamps. Like Walmart winds up pocketing a cool like one quarter of that in revenue goes straight to Walmart.
(1:01:42) And that like apparently between 10 and 15% of Coke US's revenue comes from food stamps as well because a lot of it gets spent on soda. And so this article lays out like I don't know if you remember but back in March there was a period where all these influencers got caught shilling for big soda on the right and they used this website influencable.
(1:02:02) >> Well that was actually only like one prong of a much bigger strategy. And so this article lays out about how the American Beverage Association, which doesn't really care about politics at all other than what can it buy, said, "Oh, well, Republicans are in office and we want to keep our food stamps.
(1:02:19) " And so let's get Republican lobbyists because Republicans are in uh office. And so they went and found like Republican influencers and Republican lobbyist groups. And the article says, well, it was actually really super easy to convince everybody in Washington DC to support continued soda and food stamps. Barely an inconvenience.
(1:02:39) All they had to do was like hold the check in front of them, you know, or threaten to pull their funding or whatever. But the real problem was at the state level. So the article literally just glosses over how easy it was to purchase Washington DC by an interest group. And the problem is is at a state level, it's hard to purchase state legislators because there's just too many of them.
(1:03:00) And what was happening is that states were passing laws to remove soda from s food stamps, Republican states. So they went and they spent $2 million on a Republican pollster. And I can just tell you that that's a ridiculous amount of money. Our revenue line, I think combined for the last four years, isn't probably even 2 million.
(1:03:20) And uh and of course the results found that imagine that Republican voters just love people buying soda on food stamps. You know, they probably used some like BS libertarian arguments in push questions or like however they did it, but they got the results they wanted and then they bring them to Republican governors and say, "Well, you don't want to make your Republican voters mad and this bill that you're about to sign, it's going to be bad for them and so you shouldn't do this.
(1:03:44) " and they were successful in killing this legislation in multiple states, saving probably hundreds of millions of dollars of soda industry revenue, a really big return on investment. And then we went into the field and found the exact opposite. Like, no, Republicans don't like people buying sugary beverages on food stamps. Like, that's stupid.
(1:04:02) Why would And you know, like anybody with a brain knows that, but it took us >> pulling out of our own pocketbook to go out there and say like, "No, you're not crazy. Americans aren't stupid. This is retarded." But that's not how the Republican party works. >> Yeah. I mean, it's very obvious. You drink soda, you get diabetes, you drive up everybody's health care costs.
(1:04:20) It's pretty simple. >> Yeah. The health industry loves it, too. I'm surprised they weren't lobbying for it. >> Yeah. >> You know, like rot those kids' teeth out, man. >> Yeah. It's um incredibly disenchanting this whole conversation. The uh cuz that's that's one thing we have here. never do them. There's always a way out.
(1:04:44) And obviously that's become a a meme in some some circles of the uh of the social media realm particularly in the last two years. And that's one thing going back to what you said earlier of people and again what I focus on is like again I think a lot of this economic stress stems from the fact that we can just print money and people simply need a better form of money to save their wealth in and earn their wealth in.
(1:05:09) I think Bitcoin is that. But to your point earlier, people are just completely unaware of the dynamics of money, how it works. And >> this is more of a ramble than a question. But like how do we and that's part of what I try to do here is like educate people about it. We've had >> success, but not at the um not at the scale that's necessary to really make it clear to most Americans that this is the core of the problem.
(1:05:34) It's like how do you shift focus towards this part of it? Well, one of the things that I'm looking forward to seeing is that what will be the response and I don't know yet. Uh we're going to poll on it to to Donald Trump's $2,000 check. And I really have no idea what the results going to be, but I think it'll be telling if the young people are like, "Screw this.
(1:05:53) I hate it." It'll I think it'll be telling. You know, there's an aspect of look again, any Republican party that is fixed on solving these issues would have a broad basket of wealth inequality measures with which to gauge their success. That's how you would measure it, not the stock market. Donald Trump's still fixated on the stock market and that's not how you win.
(1:06:14) You actually have to like you give people America back, which means that they need jobs, they need houses, they need all these things, right? But there, if you look at these metrics, it's really fascinating. And one of the ones that I found on Fred and I should not like I got my MBA, but I'm not an economist, you know? I'm just a guy that's asking people questions.
(1:06:35) So, and our c our company's very small. I have very little time. I shouldn't be the one around on the Federal Reserve database like trying to come up with ratios to measure why people are pissed off. And yet I've discovered ones that people haven't even like contemplated. So one of them is to take per capita total public debt to just split up all the debt by Americans and then divide it by uh median real income.
(1:07:01) And so that's like okay well how capable is your average American, the middle American at paying off their share of the government's debt? Because it's like okay well the stock market's gone up. Well has it gone up more or less than the amount of dollars printed? like, oh, hey, the housing prices have gone up.
(1:07:16) Well, has it gone up more or less than the amount of dollars printed? Like, I don't like, it's hard to know. The debt's gone up. Are we doing better? Are we doing worse? It's hard to know, right? Well, when you look at it this way, what's weird is that it the ratio was pretty stable at about 0.5.6 area, which means that the average income was like okay compared to the per capita portion of the debt.
(1:07:41) Well, about 2005 2006, it's a hockey stick. It goes from 6 to about 2.5 where it is now. And it's a straight It's a straight freaking line. It's a straight line. You know, it's got a couple of waves during the uh the housing crisis and during COVID, but it's a straight line. And so what that means is that on top of the expansion in government debt, wealth concentration has priced people out of their ability to pay off the debt.
(1:08:11) And so that's a really really bad sign because it means that we're concentrating debt payment on a smaller and smaller portion of America. Uh but a five times decrease five times in just 20 years of people's ability to push on the same boulder that we're all pushing on is is horrifying. And it it I'm I'm I'm telling you there's like literally a left turn.
(1:08:34) There's a point an inlection. And you know where I think that point is? The freaking uh bailout bill. Yeah, where we started printing a hell of a lot of Bernaki bucks. We socialized the banking losses all along where you know the out offshoring and the H-1Bs probably picked up in in vast, you know, quantities and it's it's staring at you right on a chart that took me five minutes to print out and not a single person in all of politics or the banking industry or anybody cares about that at all.
(1:09:02) You're literally just fixated on the stock market. >> Yeah, the stock market is the economy, Mark. Don't you know this? Yeah, it's a bunch of boomers speculating on momentum plays. >> I've searched some Fred charts before and like that's what radicalized me. Like I was a senior in high school in the fall of 2008. My dad was in finance.
(1:09:22) He was affected negatively by the crash and studied econ and always had this intuition that something's terribly wrong here. Uh but if you go and you look at the Fed balance sheet from like 1913 to 2008, it expanded from like 0 to 800 billion in the course of 95 years. And then between 09 in 2011, it went from like 800 billion to 4.7 trillion.
(1:09:49) So they >> right uh 6xed it in in a matter of 3 years, but took 95 years. It's a to your point that is what I I that's what I think we'll look back it'll be like 9/11 the first tremor and then 08 financial crisis like all right we're never looking back like we'll look back in posterity be like oh the empire fell somewhere in this period and now we're just >> picking up the pieces.
(1:10:15) >> Well that's h what happens in the fourth turnings is usually the crisis phase is kicked off with like a preliminary crisis. So we had World War I and then World War II. Uh so I think a lot of people have speculated the great financial crisis is what has ushered in this uh you know like I don't know what it's going to be if it's going to be a civil war or revolution or they're going to send us off to fight NATO's war or something like that but something big's going to happen.
(1:10:42) The the good news is that your generation supposed to fix all these problems and unfortunately for the zoomers they're the ones that get shoved into the meat grinder. So like I don't know what to tell you. You know, maybe you should, if you're a Zoomer watching this, you should probably like go apply to a seminary or something.
(1:10:56) You might avoid the draft. >> Well, that's >> I'm just trying to give people real solutions here. You know what I mean? Like, >> well, that's what I was going to say. We've been talking about the advice you would give the administration, but you talk to >> a lot of Zoomers in your DMs. What advice are you or would you give them? Uh, >> they're all burning their MAGA hats right now.
(1:11:14) It's like, I never voted for Republican. I voted Trump three times. How could he how could he insult me like this? My entire career has been stolen by Indians and they all lie on their resumes and how does he not know this? It's so bad. Like just stuff like that. Just constant stream. Oh, I work in the electrical industry and I'm an electrical engineer and they've outsourced so much of it to India and these people control our critical infrastructure and if we ever got into war with them, it would all come crashing down. We wouldn't have
(1:11:38) electricity for months. Like this is what I'm just getting constantly in my feed. And obviously that it's like a focus group. It's not a poll, right? Uh, but it tells you a freaking lot. I mean, there's suicidal people there. Like, it's just bad. And, uh, you know, like no amount of of boomers like, well, these people should just try not being crazy.
(1:11:57) Well, it's like, you're the ones that put them on SSRIs. These people like over a third of them are uh have mental health diagnosis. Their dating scene is horrifying. All the women are feminists. None of the women want to get married and procreate. They all just want careers. uh you know they get passed over on every like high-paying job ever.
(1:12:16) They can't afford a house and they're get they're getting called like you know they be a little bit edgy and they're trying to shut out of the society. They they get called anti-Semitic or racist or whatever. It's like they haven't the the forces creating people like Nick Fuentes have not been muted and what they just tried to do was like shut this guy down and they wound up like his numbers are unbelievable now.
(1:12:39) Like really incredible. So he's not going anywhere. Tucker's not going anywhere. And it's like you can think of them as a feedback loop into the Republican party and into the right. And it's like they're just going to get louder until you actually fix your core problems. And your core problems, you've been completely corrupted by every special interest except the voter.
(1:12:57) That's all Nick Fuentes is, is a guy who's like, "Hey, I'm mad with my political party. We have real concerns that everybody's ignoring, and if you're going to ignore me, then I'm going to be super edgy to get your attention." And it worked. And uh you know now he's he's bigger than Ben Shapiro for sure. >> He's getting a ton of influence.
(1:13:14) I've got normies of my life. >> Normies of my life. I would never expect like bringing him up unprovoked. It's uh >> Yeah. When you get normies watching Nick Fuentes and it's like, you know what? Like it's like obviously there's 5% of his content that I don't condone, but it's also not nearly as bad as the jokes that we all told each other when we were 12 like on in the playground.
(1:13:40) You know what I mean? So it's like this weird situation where everybody's like clutching pearls about something that's like like who cares? Like nobody cares. And uh again, I don't know what his situation is. Like I don't like how he just came out and embraced like Mani socialism to create a new national socialist movement in America like that.
(1:13:59) But again, he's on Rumble. He's got 14x fewer subscribers than Ben Shapiro. And on a much more terrible platform without an algorithm, he surpasses Ben Shapiro's views easily. So, I look at his views and I say, well, there's probably 5 to 10 million people watching his content. And then you see stuff like the Stanford Review published an article that says that 25% of their incoming freshman class are groers.
(1:14:29) Stanford like >> how they pull they have an anonymous poll where people feel comfortable in >> I don't I don't know what it was. I saw Mike Mark Dice say it and it's like, you know, then there's the other stuff where it's like, oh, like 30 to 40% of conservative men on Capitol Hill identify with Nick Fues's movement and it's like I mean it's a feedback loop and when things go wrong the feedback loops get stronger and uh you know the problem here is is like you have this it's more than just economical right and and we
(1:15:01) all know that there's problems in America that are worse than just the economical problems. It's like major problems with like feminism and what lack of cultural assimilation like all these forces, the dchurching of America, like all these forces are part of the foreturning and what has helped destroy our system.
(1:15:21) Like yes, it's pretty obvious that if you take religion out of a society, you're going to have people in leadership positions who are going to be more renting and more personally interested in their own financial gain. And it's like, okay, well, you haven't replaced that with any value system. Like, we literally took the Ten Commandments out of of school and now the kids wanted people shot that they disagree with.
(1:15:45) Looks like, yeah, that's, you know, like that's the kind of thing that happens when you do that. So, that's part of the feedback loop that Nick Fuentes is saying. It's like, I see you big business Republican scumbags. Not only have you sold America out, you helped undermine the societal fabric that gave me a society that's unrecognizable to the boomers who grew up just 60 years ago in a very different America.
(1:16:06) >> Yeah. I mean, you you can replace secular religion, but the vacuum is going to something's going to replace you can take it out, but something's going to replace it. And that's been I think the woke mind virus. And >> yeah, >> the um No, that's the thing I think about a lot. Like I came from a big Irish Catholic family in the northeast and very fortunate to have very strong nuclear family and extended family and we're still close to these day close to these days.
(1:16:37) Um but the younger generations are not that's what I worry about. Like I look at even some people my age that haven't started >> having kids and that's that's when things really get weird. And I've seen this firsthand in the inner city in Chicago when you the nuclear families disintegrated completely tears apart and whole neighborhoods, societies at large.
(1:16:58) And I think that is the thing that worries me most is this lack of family formation. >> Well, I I think that's part of the good news here. like the silver lining to the storm C cloud is that I think everybody for so long and maybe it's the boomer politics or whatever has been sort of like preaching values but it's been push it's like you need to be more conservative you need to be more Christian why aren't you procreating blah blah blah blah blah you need to work harder and I think the values are actually like kind of pull right it's
(1:17:30) like okay well there's a huge crisis and we have to solve it oh man we better get our crap together like I think there's an aspect of that you know what I mean like Yes, the GI generation, yes, the silent generation stepped up and volunteered to go overseas and fight against the axis, right? Like, uh, that happened.
(1:17:48) But it's like, well, if you look at the 20s and the flapper movement and the Great Depression and like you just wonder like, well, you know, was was that America always there that enlisted to go beat, you know, Nazi Hitler, right? Nazi Germany. I don't think it was. I think people came together and said, you know what, this is a cause we're fighting for.
(1:18:09) We need to put our problems away and get our crap together. And I think we're going to see that. And I think increased economic opportunity will probably be one of the biggest forces for rechurching, refocusing on familial values. Um, conservatism, you know, Charlie Kirk said this, you know, the three M's, right? Mortgage, marriage, and like whatever the other one was, maternal.
(1:18:31) Well, I don't know what was the other M. It's like have kids, get married, get a house. And that's the kind of thing that gets people uh into the conservative movement. She's like, "Okay, now you have something to protect." And and people say this about the schools, too. Oh, the schools are terrible.
(1:18:45) We should fix the schools. Well, it's like, you know what? If corporate America couldn't hire all of Bangalore, then we would be training our kids better. >> Yeah. >> And you know, they would they would need it. We would have coding boot camps in high school. we would have uh job you know fairs you know >> yeah well that's I mean that's another silver lining and to end it on a positive note um if the will is there the opportunity to actually affect the will has never been easier and better I mean talk about reshoring re-educating
(1:19:19) like the ability to learn things on the internet is like if you were to hand this technology to somebody 100 years ago they'd be mind-b blown like if there's a will where the way does exist. Uh, and I could easily see a quick reassuring and sort of re-educating of the workforce to to step up if if the will was there, not only from the political class, but from the citizenry as well.
(1:19:47) >> Yeah. I mean, Trump doesn't want colleges to go out of business, but the entire computer science undergrad curriculum for MIT is on the internet right now. You could walk through it probably in about eight months is my guess, right? So it's like >> what are we even doing? You know what I mean? We're like supporting an entire industry that's completely doesn't need to be there.
(1:20:07) >> Okay. >> It's radicalizing everybody, you know? >> Yeah. Going back to like the FDR meme, it's like why would you want to be associated with the university system that's indoctrinating people to work uh against the will of what you claim your policies are trying to affect. Um Mark, this has been great.
(1:20:26) Thank you for everything that you do. I think I think uh whether you recognize it or not, you've become part of the uh the zeitgeist of the um of the younger generations that aren't aren't being acknowledged or listened to by the boomer political class right now. Um I think it's important whether you realize it or not.
(1:20:47) I think it's important work and I do believe that uh we are in a mimemetic warfare and you are providing a lot of good uh good material and ammunition to to fight this war cuz at the end of the day and to your point um I'm one of those people who's pretty much convinced that we're not going to solve these problems via the traditional political avenues and apparatus.
(1:21:10) like we need people to realize that it's a somewhat of a lost cause and we just need to congregate and organize outside of that to to try to fix things. That's why I focus on Bitcoin because it gives you the opportunity to do so. You don't need to ask permission. You can just start building around it. >> No, I think Bitcoin for instance is a forcing function just like Nick Fuentes is a forcing function.
(1:21:36) Nick Fuentes is a forcing function on politics. Bitcoin is a forcing function on finance and I think all these things are being brought to bear against the system that is weakening very very very rapidly and so that's why I think like it's all going to it's all going to go crazy in the next like 3 or 4 years like already this stuff with Venezuela and the implications with the whole voting system like I don't know it might speed up um but yeah you know I'm just a guy posting in my basement doing my best trying to save the world from my uh
(1:22:04) four gen alphas I'm have four gen alphas now So, I don't uh usually Gen Alpha gets through the crisis pretty okay. Uh so maybe I'm looking out there for those zoomers. I don't want to have to go send them over to the to the muck in Eurasia fighting against Russia who should be our ally.
(1:22:23) Uh you know, while China gets us ready for our civil war. So, uh you know, really appreciate it and doing my best. >> Well, thank you, sir. Um we'll link to your ax to Rasm Moose and everything else in the show notes. Thank you for your time and I hope you enjoy your Thanksgiving. >> Yeah, likewise. Great to be here. Thanks. >> All right. Peace and love, freaks.
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