The Charlie Kirk Show - Uncle Tom Economics with Brandon Tatum and Dave Brat
Aired: 2022-09-24
Duration: 34:23


=== Unfair Representation of Black Community (15:18) ===

[00:00:00]  Hey everybody, Tan the Charlie Kirk Show.
[00:00:01]  Dave Bratt joins us to unpack what's going on in the economy and Brandon Tatum about the great new movie Uncle Tom 2, as well as the history of segregation.
[00:00:10]  Very interesting.
[00:00:11]  Email me your thoughts, as always, freedom at charliekirk.com.
[00:00:15]  Get involved with Turning PointUSA Today, tpusa.com, the nation's largest education movement in the country.
[00:00:21]  That is tpusa.com.
[00:00:23]  You can start a high school chapter, start a college chapter, or get involved and get my latest book, The College Scam, for 50% off, tpusa.com/slash book, tpusa.com/slash book.
[00:00:38]  As always, you can email me your thoughts, freedom at charliekirk.com.
[00:00:42]  Buckle up, everybody, here.
[00:00:43]  We go.
[00:00:43]  Charlie, what you've done is incredible here.
[00:00:45]  Maybe Charlie Kirk is on the college campuses.
[00:00:47]  I want you to know we are lucky to have Charlie Kirk.
[00:00:51]  Charlie Kirk's running the White House, folks.
[00:00:54]  I want to thank Charlie.
[00:00:55]  He's an incredible guy.
[00:00:56]  His spirit, his love of this country, he's done an amazing job building one of the most powerful youth organizations ever created.
[00:01:03]  Turning point USA.
[00:01:04]  We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country.
[00:01:13]  That's why we are here.
[00:01:16]  Brought to you by Andrew and Todd at Sierra Pacific Mortgage.
[00:01:19]  For personalized loan services, you can count on.
[00:01:21]  Go to andrewandtodd.com, the wonderfulandrewandtodd.com.
[00:01:30]  When you look at these pictures and get a sense of what black life was like, some of them look pretty prosperous.
[00:01:38]  We were never taught that America was bad and that we were not Americans.
[00:01:44]  We were raised to love America.
[00:01:46]  Protesters topple a statue of Christopher Columbus and hundreds of statues and vandalizes.
[00:01:53]  The American people know these names have to go.
[00:01:56]  Why is that?
[00:01:58]  The reason that that lie exists is power.
[00:02:01]  There are certain people who are using the Negro in order to establish that power in Washington.
[00:02:08]  And the Negro is just merely a porn in a game that's figured out.
[00:02:13]  That is a trailer from the really awesome movie Uncle Tom 2, which can be found at salemnow.com.
[00:02:20]  Salemnow.com.
[00:02:21]  Joining us now is a great patriot and a colleague on the Salem Radio Network.
[00:02:27]  His show is doing very, very well.
[00:02:29]  You can hear it all across the country as he does a fabulous show every night.
[00:02:33]  It's Brandon Tatum.
[00:02:35]  Brandon, welcome back to the program.
[00:02:37]  Charlie, thank you for having me on.
[00:02:38]  Loving the radio show, man.
[00:02:40]  Listening to it almost every night when I'm driving around and carrying on Larry Elder's legacy.
[00:02:45]  Tell us about the film, Uncle Tom 2.
[00:02:46]  Yeah, Uncle Tom 2, I think, is a tremendous film that tells the true history of Americans of African descent.
[00:02:53]  And it digs into the nuances of how Marxist individuals in our country, namely the leaders of BLM, are literally taking the black community down the drain and having this anti-American theology that's causing individuals who are black in this country to hate America, to feel like a perpetual victim.
[00:03:16]  And those things are detriments, and we have to change those.
[00:03:21]  And Uncle Tom 2 kind of expressed the avenue in which we can go about changing some of the things that are going on in our country and really espousing success and victor or success and allowing us to be victors moving forward.
[00:03:36]  Yeah, so let's talk about that.
[00:03:37]  I mean, there is, I think, this massive gap of history that people miss.
[00:03:41]  Part of the trailer is that black America was not being treated correctly from a public policy standpoint.
[00:03:46]  Obviously, segregated bathrooms, Jim Crow.
[00:03:50]  But despite that, there was a flourishing that was happening in black America, or at least a trajectory of flourishing, right?
[00:03:57]  That if it was allowed to play out, according to Thomas Sowell, by the 60s, 70s, or 80s, black America very well might have been wealthier per capita than white America.
[00:04:05]  What happened, Brandon?
[00:04:07]  Well, I want to go back to the history.
[00:04:09]  You know, in the 20s and 30s, we saw an explosion of innovation, explosion of inventions and ownership by black Americans that we don't even see today.
[00:04:21]  I mean, you're talking about Booker T. Washington with Tuskegee Institute.
[00:04:25]  You're talking about Black Wall Street in the 20s, also Black Harlem.
[00:04:29]  I mean, all of these places.
[00:04:30]  And, you know, one interesting thing that you'll see in the film is that when they were boycotting the buses and they wanted the black people to ride in the front of the buses, black people owned their own bus line.
[00:04:40]  It was absolutely not necessary to go that far when we could have just been building on our own platform that we had.
[00:04:48]  So we noticed that the invent or the advent of Marxism and this social ideology pushed us more towards the government and away from God and away from the family.
[00:05:00]  And you can look at the statistical data.
[00:05:02]  You see that there's less young people being born into married families and more being born out of wedlock than we saw even in the 30s.
[00:05:10]  When you look at the government assistance programs and the victimhood that's being expressed by these fake black leaders, we see more of it now than we've ever seen in the history of black people post-slavery.
[00:05:22]  And I think the movie does a really good job at expressing those things.
[00:05:26]  And I really wish people would wake up to the fact that there's a Marxist strategy and the dependence on the government has really hurt and in some cases destroyed black culture in the black America in this country.
[00:05:37]  So I want to be careful the way I ask this question, but there's this argument out there, which is, okay, 1940s, 1950s, black America was segregated.
[00:05:47]  Okay.
[00:05:48]  But it seems as if there is a push to re-segregate America, right?
[00:05:52]  Black-only dormitories, you know, affirmative action policies.
[00:05:56]  There's a big movement behind that, especially driven by BLM, to say that, well, when we were segregated, we were able to do better.
[00:06:05]  I find segregation to be evil and wrong and terrible.
[00:06:09]  Now, there was a movement to end segregation driven by black Americans.
[00:06:13]  How do we make sense of all that, Brandon?
[00:06:16]  Well, it's a very nuanced conversation because you talk about segregation before obviously desegregation.
[00:06:23]  I don't think segregation was good, but I did think that during that time, black people actually owned things.
[00:06:28]  They owned their own businesses.
[00:06:30]  They had their own schools.
[00:06:31]  When we forced ourselves into desegregation or somewhat of an assimilation, black people lost an identity.
[00:06:38]  I mean, the schools were demolished.
[00:06:41]  The black teachers couldn't get work in the white schools that they integrated into.
[00:06:45]  And I don't know if the timing was right because now we've seen a level of, what we say, lack of ownership.
[00:06:54]  I mean, let's go back to the early 1900s.
[00:06:56]  Madam C.J. Walker, Sarah Bree Love is her government name.
[00:07:00]  She was the first female millionaire out of any race.
[00:07:04]  And you talk about all of the great black people who had great success.
[00:07:08]  And now it seems like we don't have any generational wealth.
[00:07:11]  A lot of black people don't own as much things as we owned in the past.
[00:07:15]  HBCUs are falling apart.
[00:07:17]  And so we see that, you know, the civil rights movement may not have, may have had unintended consequences that have left black America, you know, somewhat desolate in certain aspects.
[00:07:29]  So I don't.
[00:07:29]  Go ahead.
[00:07:30]  No, no, no, no.
[00:07:31]  Sorry, finish that thought.
[00:07:32]  No, I just, I don't think that segregation necessarily ending segregation was a bad thing.
[00:07:38]  I just think that it was unintended consequences on ending it the way it was ended.
[00:07:43]  And I think that black people lost their identity in the process.
[00:07:45]  Yeah, and look, ending for segregation is always a good idea from a public policy standpoint.
[00:07:51]  You read the book by Christopher Caldwell called Age of Entitlement.
[00:07:54]  It adds a lot of nuance, though, to how it was ended.
[00:07:57]  And you bring up an interesting point, Brandon, which was forcibly ending.
[00:08:01]  So, for example, in Chicago, I just know this anecdotally and growing up there, it's kind of folklore there, and it's true.
[00:08:07]  A lot of these vibrant black communities were forcibly relocated to Section 8 project houses such as Caprini Green.
[00:08:15]  And, you know, a lot of these homes were consolidated under this kind of urban renewal project.
[00:08:20]  And so, under the guise of this, you almost had what was a vibrant and anti-fragile community that was very strong, right?
[00:08:28]  With lots of ties.
[00:08:30]  It almost was taken apart by the federal government via the great society.
[00:08:35]  Is that a fair way to put it?
[00:08:36]  I think it's a fair and accurate way to put it, Charlie.
[00:08:39]  The government is the problem here.
[00:08:41]  Segregation was enforced by the government.
[00:08:44]  It's not the will of the people.
[00:08:46]  And desegregation was forced by the government, not the will of the people.
[00:08:50]  I believe that the government would have gotten out of the conversation.
[00:08:52]  I think we would have seen a lot more of a natural and a cohesive integration into society amongst both sides.
[00:09:00]  Because when you talk to people who lived during that time period, it wasn't as crazy as people may imagine.
[00:09:06]  Black people were living and thriving in their own communities, and white people were living and thriving in their own communities.
[00:09:12]  However, there was not much conflict because people stayed to themselves.
[00:09:16]  I think in a natural sense, because of human nature, we would have come together in a more genuine way than for the government to then force people to have to accept or adopt certain principles that they may not have been ready for.
[00:09:28]  And we see it happening today.
[00:09:29]  I mean, the government is literally with BLM as their military arm, they're trying to force a society into re-segregating.
[00:09:41]  I mean, just leave us, just stay out of our business, leave us to the love and appreciation that we have for one another and quit trying to go so woke.
[00:09:49]  I mean, you look at the NFL.
[00:09:51]  They want to tell us that you need to force the NFL to hire more black coaches.
[00:09:56]  Are these black coaches qualified?
[00:09:58]  Are they good at what they do?
[00:09:59]  They want to force people into CEO positions in these major Fortune 500 companies.
[00:10:05]  That's not the way things work.
[00:10:06]  That causes animosity.
[00:10:08]  It's so colonialist when you think about it, right?
[00:10:10]  That we're going to force and impose on you a certain viewpoint.
[00:10:16]  So, Brandon, we're going to talk about this more.
[00:10:17]  SalemNow.com.
[00:10:19]  Check it out, Uncle Tom 2.
[00:10:21]  And it's very important when you look back on that period of time.
[00:10:24]  There was a massive amount of government intervention that very well might have been seeded with good intentions, but the results is not so good.
[00:10:33]  Broke apart the black family, broke apart the black church, really, in some ways, misrepresented some parts of the country with race relations.
[00:10:42]  And don't take my word for it.
[00:10:43]  Go read Age of Entitlement by Christopher Caldwell, which is the best book on this topic.
[00:10:48]  It's filled with thought crimes.
[00:10:50]  Brandon, what really bothers me is how the black community is continually taken for granted by the Democrat Party.
[00:10:56]  You've been really leading this charge with the amazing Candace Owens with Blexit and your program and deserve so much credit for that.
[00:11:04]  And I just want to take a pause.
[00:11:06]  The black conservative movement is in a much healthier and stronger position thanks to your leadership, Brandon and Candace, and the work you guys are doing across the board, truly.
[00:11:15]  Because it was always kind of, you know, there were some black conservative voices, amazing people, Thomas Sowell, all that.
[00:11:20]  But now it's really moving and it's growing.
[00:11:22]  Democrat Party takes the black community for granted.
[00:11:25]  BLM was mobilized in great numbers in 2020 via white guilt and other ways.
[00:11:31]  But Brandon, do you find it interesting about how out of all the national conversations right now, race is not a primary conversation heading into the midterms?
[00:11:38]  What are we supposed to make of that?
[00:11:40]  Well, I think that, you know, we got to look at the midterms as a political strategy on both sides, right?
[00:11:46]  I don't think that a lot of these politicians are genuine in their approach.
[00:11:49]  I don't think they really have a vested interest in fixing any issues.
[00:11:53]  What they want to do is promote an issue that gets people riled up, to get their emotions running, to get them in a level of or in a position of fear, and then they can run and campaign on that.
[00:12:03]  If you look at the Democrat Party and the black community, the reason why they've been having the black community in a stronghold or in a chokehold, I'd say, is because all they do is pitch promises every single year.
[00:12:13]  We promised to do this.
[00:12:14]  We promised to do this.
[00:12:15]  Look, the scary white man is out here ready to get you.
[00:12:17]  We're going to protect you this year.
[00:12:19]  Well, we didn't protect you last year.
[00:12:20]  We're going to protect you this year.
[00:12:21]  It's the Republicans' fault.
[00:12:22]  I mean, they just continue to push a narrative for political expediency, and they're not addressing any of the real issues.
[00:12:29]  Because if Democrats really cared about the black community, they will be addressing crime in the inner city.
[00:12:34]  They will be addressing the police department and not in a way in which they're expressing that they need to revise and rethink policing.
[00:12:40]  They would be saying that we're going to fund police.
[00:12:43]  We're going to get them better training.
[00:12:44]  We're going to get more minorities involved in policing so they can patrol their communities that they're familiar with.
[00:12:49]  But that's not the approach, Charlie.
[00:12:51]  They're just out for getting votes and promise you something that they can have leverage on for the next 100 years.
[00:12:59]  Longer term, what do Republicans need to do differently?
[00:13:02]  And you talk about a lot in the movie Uncle Tom 2.
[00:13:05]  What do we have to do differently?
[00:13:06]  Republicans need to be more involved in these inner city communities.
[00:13:09]  I mean, don't be afraid to go into these churches or give a message to some of these people.
[00:13:15]  Because when I was growing up, I never heard a message from the Republican Party.
[00:13:18]  I only heard the message of the Republicans from Democrats.
[00:13:21]  And of course, they say Republicans are racist white people.
[00:13:23]  That's the only pitch that they have.
[00:13:25]  And if they want to destroy America and they don't care about democracy, and now they got January 6th.
[00:13:29]  And if you're a Trump supporter, you're a terrorist.
[00:13:31]  I mean, they play all of that into an effect.
[00:13:34]  But if Republicans will consistently go out and reach across the aisle and say, listen, let's talk about policy.
[00:13:40]  Let's talk about what makes your community better.
[00:13:42]  Let's talk about gas prices.
[00:13:44]  If we can do that on a consistent basis, we'll win over people who are already conservative.
[00:13:48]  I mean, listen, this is prime real estate right now.
[00:13:50]  Black people are majority conservative people.
[00:13:53]  I don't know a black person that's not conservative.
[00:13:55]  However, they just don't hear the message.
[00:13:57]  It's almost like people looking for a redeemer, but they never heard the gospel.
[00:14:02]  They're primed and ready.
[00:14:04]  You just need people to come out and preach the gospel to them, and you will see a conversion like never before.
[00:14:08]  In closing here, Brandon, can you comment on how the black community is not okay with this trans stuff about how that's actually an opening to win over black voters?
[00:14:17]  Black voters are actually more socially conservative, and yet they're basically being controlled by white liberals.
[00:14:25]  Talk about that.
[00:14:26]  Right.
[00:14:27]  And it's because they're being controlled by people who are acting as proxy for the black community that do not represent the black community.
[00:14:34]  It's the white liberal and these fake black leaders that are destroying the community.
[00:14:38]  They're not representing what majority of black people feel and think.
[00:14:41]  I don't know of a black person that's a part of the LGBTQ push.
[00:14:45]  And I'm not saying gay or straight.
[00:14:47]  I'm saying the LGBTQ push.
[00:14:49]  That's a whole nother conversation.
[00:14:51]  They have an agenda to push pedophilia, if you ask me.
[00:14:54]  That's their ultimate goal.
[00:14:56]  However, when I was growing up, this is unacceptable.
[00:14:59]  You know, most black people were in the church, believing in God, traditional values, all of those things are historically what black people represent.
[00:15:08]  And I think it's still the case.
[00:15:09]  However, the people who are representing the black community are not representing them in a fair way, and they need another outlet.
[00:15:17]  And the Democrats are not that out there.

=== iTarget Pro and Firearm Ownership (02:58) ===

[00:15:18]  This men can become pregnant, gender fluidity.
[00:15:22]  That is a loser in the black community.
[00:15:23]  It might work in Martha's Vineyard.
[00:15:25]  It might work in Malibu, might work at Harvard.
[00:15:28]  But if Republicans are serious, in my opinion, and Brandon, you just said it, if they're serious about winning back black voters, you got to get very clear about your social conservative values.
[00:15:38]  They're very socially conservative, fiscally, probably moderate, pro-small business, all that, doesn't matter.
[00:15:43]  The social issues you can win over very quickly.
[00:15:45]  They think it's insane, rightfully so, that their kid is going to be taught that men can become pregnant.
[00:15:51]  Brandon Tatum is here.
[00:15:52]  Movie Uncle Tom2, SalemNow.com.
[00:15:54]  Brandon, keep up the great work.
[00:15:56]  Everyone should listen to his program on the Salem Radio Network.
[00:15:59]  He does a great job.
[00:15:59]  Thank you, Brandon.
[00:16:01]  God bless you, Charlie.
[00:16:01]  Thank you.
[00:16:07]  For protecting my family.
[00:16:09]  I just discovered the perfect way to train with your firearm.
[00:16:11]  It's so cool.
[00:16:12]  I got a whole tutorial on this.
[00:16:13]  It's awesome.
[00:16:14]  And you could do it in the comfort of your home and have a lot of fun while doing it.
[00:16:17]  It's called i Target Pro.
[00:16:20]  And this system is a game changer for me and my family.
[00:16:23]  So what you do is you download the app and you literally load the laser bullet into the firearm and you start training.
[00:16:29]  So you have a gun, a real gun.
[00:16:31]  So it's the feel, it's the weight, it's the texture, it's the grip.
[00:16:34]  And you put this laser bullet in, and then you're able to do firearm training, but no bullet is actually fired.
[00:16:40]  So you're and then it goes back onto the app of your accuracy, your speed, and your ability to operate the firearm.
[00:16:47]  And so the system develops muscle memory, reaction speed, sight alignment, trigger control, and more.
[00:16:52]  So right now, save 10% plus get free shipping with the offer code Kirk.
[00:16:56]  When you go to itargetpro.com, that is itargetpro.com.
[00:17:00]  Now, why should you use this?
[00:17:02]  Well, look, ammo is super expensive.
[00:17:04]  So you're like, Charlie, I have to go all the way to the range and practice and all this.
[00:17:07]  Not with iTarget Pro.
[00:17:08]  With iTarget Pro, you get to use your gun.
[00:17:11]  You put in the laser bullet and you could fire unlimited, and then it tracks your accuracy.
[00:17:16]  And for example, maybe your wife just wants to get used to holding the gun, what it might be like if there was an intruder.
[00:17:21]  Well, then you could set up a bunch of these eye targets throughout the house, the kitchen, the yard, and she's able to then practice that actual bullets and any sort of ammunition being discharged free of charge.
[00:17:33]  And then you get a full report of how accurate she was.
[00:17:35]  And by the way, no sound, right?
[00:17:37]  There's, and if someone's like not comfortable with a gun, if they're uncomfortable with kind of how they are, you know, using it, how a gun feels, it's a great way to ease someone in to firearm use and ownership.
[00:17:49]  Crime is going up.
[00:17:50]  iTarget Pro can make you comfortable owning and using a firearm.
[00:17:55]  It's much better than dry firing.
[00:17:56]  It's very, very safe.
[00:17:58]  Let's go to itargetpro.com.
[00:18:00]  That is itargetpro.com.
[00:18:02]  A cost-effective way to get your family and yourself proficient to use a firearm.
[00:18:07]  God forbid you have to use it, but we see what's happening.
[00:18:09]  Itargetpro.com itargetpro.com.
[00:18:12]  Offer code, Kirk.

=== Modern Monetary Theory Recession Plan (11:18) ===

[00:18:16]  There is a tremendous amount of economic confusion today.
[00:18:21]  Actually, just going on generally to help unpack, that is a brilliant economic mind, Dave Bratt from Liberty University.
[00:18:29]  Dave, welcome to the Charlie Kirk show.
[00:18:31]  Hey Charlie, thank you.
[00:18:32]  Patriot Mobile is great, by the way.
[00:18:34]  I was just up with their team in DC.
[00:18:36]  You're spot on, they're.
[00:18:37]  They're really great.
[00:18:38]  They're doing a good job.
[00:18:38]  They're actually solving the cell phone crisis via conservative approach.
[00:18:43]  Patriotmobile.com slash Charlie, just to remind everybody.
[00:18:46]  That's right.
[00:18:47]  So let's just start with the top line news.
[00:18:48]  There's so much happening here.
[00:18:49]  Dave the Dow is down 600 points below 30 000 bear market.
[00:18:54]  The economy is all over the place.
[00:18:57]  We have these contra indicators.
[00:18:59]  How would you rate?
[00:19:00]  You're a doctor, not a medical doctor, but You'll pretend to be a medical doctor.
[00:19:04]  How would you rate the health of the American economy right now?
[00:19:09]  Oh, seriously.
[00:19:11]  I mean, the economy, right?
[00:19:13]  Which is different than the stock market.
[00:19:16]  That's Econ 101.
[00:19:18]  The economy is a corpse laying on the table, and we've been shoving blood through it in the form of fiscal stimulus, spending through the federal government, and $9 trillion on the Federal Reserve balance sheet.
[00:19:33]  So $31 trillion in debt on the federal government side, $9 trillion to keep it alive, and it's still in a recession for the last six months, growing at zero.
[00:19:41]  So the economy is a one or a two, and then the markets follow, right?
[00:19:46]  So earnings are going to go down, profits are going to go down.
[00:19:49]  We're going into a recession.
[00:19:51]  The Fed has said we're going to force a recession to get the wage price spiral down, right?
[00:19:56]  Inflation is bad enough, but if inflation makes its way into the wage rates, that becomes what they call in economics is sticky, sticky prices, which stay around for years.
[00:20:07]  And so the Fed has to end that.
[00:20:09]  So they're engineering a recession, and you had it right.
[00:20:12]  We're about ready to find probably another 10% or maybe even 20% down in the markets.
[00:20:19]  Yeah.
[00:20:19]  And so the markets are obviously just one indicator, but usually is propped up by cheap money being infused.
[00:20:26]  And so the argument they will make, we can go through metric by metric, is that, well, the labor market is very strong because unemployment is very low.
[00:20:33]  My response is, well, it's low for now.
[00:20:37]  I think that we're about to see a mass layoff after end of year sugar high.
[00:20:42]  I think January, February, March, we're going to see unemployment get to 5% or 6%.
[00:20:45]  I pray I'm wrong.
[00:20:47]  That would be catastrophic.
[00:20:48]  Your thoughts, Dave?
[00:20:49]  No, I think you're spot on.
[00:20:51]  The real economy is weakening and weakening.
[00:20:53]  And now the Fed has promised to weaken it further.
[00:20:56]  And so it's going to be just like 07-08.
[00:20:59]  That was a real estate crisis, right?
[00:21:01]  And we had the Bear Sterns and Layman moment, right?
[00:21:06]  The shoe that dropped.
[00:21:07]  We still have not had that shoe drop yet, right?
[00:21:10]  This is just, you know, the mainstream economy going down.
[00:21:14]  A lot of hedge funds are levered up.
[00:21:16]  They're over-indebted.
[00:21:18]  The same thing is coming.
[00:21:19]  This one's called the everything bubble, right?
[00:21:21]  Stocks are too high, bonds are too high, real estate's too high, commodities are too high.
[00:21:26]  So this one's going to be serious.
[00:21:28]  And then, of course, the labor market is going to get weakened.
[00:21:32]  And so everybody, and in terms of education and skills, part of the economy is the education sector.
[00:21:40]  And what kind of kids are we scaling up in K to 12 right now?
[00:21:44]  It's a disaster for the economy over the next decade on top of all this bad news.
[00:21:49]  I'll never forget.
[00:21:50]  I have many stories like this.
[00:21:52]  I was sitting with a hedge fund guy right before the virus hit the mainland, and he was lecturing me on modern monetary theory.
[00:22:01]  Yeah.
[00:22:01]  About how wonderful it is.
[00:22:03]  And look, I didn't go to college.
[00:22:05]  I wrote a book about it, but I mean, I know a little bit about monetary theory.
[00:22:08]  I read my Mises and I've read my Rothbard and I've read my Hayek and I've read my Keynes.
[00:22:13]  So I know enough to be dangerous, but I wasn't totally familiar with modern monetary theory, which I've said this publicly and the media loses it.
[00:22:22]  Modern monetary theory is the transgenderism of economics.
[00:22:26]  It's just making stuff up.
[00:22:27]  Right.
[00:22:28]  That's right.
[00:22:28]  Right.
[00:22:29]  It's just making stuff out of thin air and hoping it to be right.
[00:22:33]  Yeah.
[00:22:33]  I'm going to play Cut 121, Rick Santelli attacking modern monetary theory.
[00:22:38]  Very irritating for me and for you, Dave, because we've been warning people about this and the economic illiteracy of people on the hill.
[00:22:44]  They just don't even understand what this stuff is.
[00:22:46]  Play cut 121.
[00:22:47]  We'll let Dave respond.
[00:22:48]  It was a stupid idea, and we're seeing living proof of that.
[00:22:53]  You can't print forever and think you can get away with it.
[00:22:55]  They're enablers by these low interest rates and hanging out at zero for so long.
[00:23:01]  They allowed governments to do anything.
[00:23:03]  They allowed companies to remain that should have died.
[00:23:06]  They ruined the entire infrastructure of global finance.
[00:23:11]  Dave, your thoughts.
[00:23:13]  Yeah, well, I'm out there on getter, Brat Economics.
[00:23:16]  If people want to study this stuff and go do a deep dive, I was on War Room about a month ago on this modern monetary theory.
[00:23:25]  And so I pointed out a Cato journal.
[00:23:28]  It's Cato Journal 39, our libertarian brothers who are very good on money.
[00:23:33]  They're good on money.
[00:23:34]  They're awful on immigration and drugs.
[00:23:35]  They're on totally other issues, but on money, boom.
[00:23:41]  And so go read this short little piece, but I'll just read you the first little blip here.
[00:23:45]  Post-provocative claim, but the theory is that government deficits don't matter.
[00:23:50]  The core tenets of modern monetary theory and the closest it gets to a theory are that the economy and inflation should be managed through fiscal policy, the federal government.
[00:24:02]  So you got the Fed separated, right, by Congress, by law to be independent monetary authority, and that's become political.
[00:24:09]  So the real, and you say they just make stuff up, but the Marxists are smart in the way they make things up.
[00:24:15]  They make everything they make up is managed through the federal government.
[00:24:19]  So that's the buried lead in modern monetary theory.
[00:24:24]  They want the federal government to print money forever to fund government spending.
[00:24:29]  And now it's interesting.
[00:24:31]  The reason the Fed is really jacking up interest rates and slowing things down is because it just occurred to them that if interest rates go up significantly, the amount of interest they have to pay on the debt on $31 trillion is going to reduce the size of the federal government.
[00:24:47]  It's going to compete with federal spending.
[00:24:49]  And so they may not even be doing this for the right reasons.
[00:24:53]  And this has some experts in financial markets talking about a sovereign debt crisis.
[00:24:59]  It's a fancy protocol.
[00:25:01]  Tell us what that is.
[00:25:02]  Yeah, sovereign debt just means the debt of each country.
[00:25:06]  So there's a sovereign debt crisis in China right now.
[00:25:08]  They're imploding.
[00:25:09]  There's a real sovereign debt crisis across all of Europe.
[00:25:12]  Germany is really crashing right now.
[00:25:15]  And it's coming even to the U.S.
[00:25:17]  And the sign of it is if people won't buy our treasuries to refinance the debt, that's the big problem.
[00:25:25]  If you read this book by Klaus Schwab, COVID-19, the Great Reset, this is not a mistake.
[00:25:30]  This is not an accident.
[00:25:32]  This is economic terrorism by the World Economic Forum.
[00:25:35]  It's not like, oh, yeah, they didn't know better.
[00:25:37]  Of course they knew better.
[00:25:39]  This is all part of the plan.
[00:25:41]  So you read the book, COVID-19, the Great Reset by Klaus Schwab.
[00:25:44]  Again, most Republicans have no comprehension of any of this.
[00:25:48]  Like, oh, yeah, you know, Democrats are just spending too much money.
[00:25:51]  No, no, they're, they're literally committing kamikaze campaigns against the core heart of our nation.
[00:26:00]  And so, Dave, let me ask you this.
[00:26:02]  I mean, just in the two minutes we have remaining in this segment, how do we disentangle ourselves from this?
[00:26:07]  It's my opinion, we take the cough syrup now, hijack rates, put ourselves in a near depression.
[00:26:12]  It's actually the right thing to do for the next nine months.
[00:26:15]  People don't like hearing that, but it's the only way out of this because otherwise we could see a collapse, the likes of which would make the Weimar Republic look like child's play.
[00:26:23]  Yeah, no, that's right.
[00:26:24]  I mean, short term, you got to get rid of inflation.
[00:26:26]  And then like Reagan did, right, Volcker came in, slammed on the brakes, and then Reagan went to the supply side of the economy like Peter Navarro was doing in the White House.
[00:26:37]  And, you know, shrieks of terror greeted him.
[00:26:40]  But he did yeoman's work getting the ball starting to roll.
[00:26:44]  You restructure the economy.
[00:26:46]  You take money away from the federal government, put it back into innovation and technology.
[00:26:51]  Let the private market work.
[00:26:53]  Get out of federal health care, get out of federal energy policy, and let markets return to work.
[00:26:58]  It's a dream right now, but America's waking up spiritually and on the first principles with the Constitution, thanks to leaders like you getting it out in the mainstream and getting the young people engaged.
[00:27:11]  And so we still have hope.
[00:27:12]  We can still turn it around.
[00:27:14]  We have to turn it around.
[00:27:15]  It's very important.
[00:27:16]  I got to tell you.
[00:27:17]  And it's just, you know, we have this sabotage campaign against the American economy.
[00:27:22]  We are living through an intentional campaign to destroy and to poison everything we care about.
[00:27:31]  And it's trying to reset the currency and reset the Western world.
[00:27:37]  Large asset managers are using your money to advance toxic social and political agendas.
[00:27:42]  They tell American energy companies to drill less and frack less to fight global climate change, a bunch of garbage.
[00:27:48]  That's not their job.
[00:27:49]  But here's the good news: it's your money, not theirs.
[00:27:52]  That's why Strive recently launched a new U.S. energy index fund.
[00:27:56]  Vivek Ramaswamy is behind this.
[00:27:59]  Great American.
[00:27:59]  He's on our program a lot.
[00:28:01]  And they have it now traded in the New York Stock Exchange called Drill, D-R-L-L.
[00:28:05]  That's D-R-L-L.
[00:28:06]  Strive mandates U.S. energy companies to drill more, to frack more, and to do whatever allows them to be most profitable over the long run.
[00:28:13]  The bigger they get, the more powerful their voice will be.
[00:28:15]  Visit StriveFunds.com today and buy D-R-L-L on the New York Stock Exchange.
[00:28:22]  You have to check it out.
[00:28:23]  If you want to be able to get behind the good guys and bash the woke companies, that's StriveFunds.com.
[00:28:30]  It's a way that possible you could make money.
[00:28:32]  It might go up, it might go down.
[00:28:33]  That's what investing is, but at least it's consistent with your values.
[00:28:38]  Strivefunds.com, D-R-L-L.
[00:28:41]  Investors should consider the investment objectives, risks, charges, and expenses carefully before investing.
[00:28:46]  For a prospectus or summary perspective with this and other information about the fund, please call 855-427-7360 or visit their website at strivefunds.com.
[00:28:55]  Read the prospectus or summary prospectus carefully before investing.
[00:28:58]  Investments involve risk.
[00:28:59]  Principal loss is possible.
[00:29:01]  The Strive ETFs are distributed by Kwan Sar Distributions LLC.
[00:29:08]  So, Dave, can you talk about the great reset?
[00:29:11]  Do you think this is all intentional?
[00:29:13]  What's going on here?
[00:29:14]  It doesn't seem as if this is a series of mistakes.
[00:29:16]  It seems as if this is a plan.
[00:29:20]  Oh, yeah.
[00:29:20]  And I think the examples you've given show beyond any doubt, right?
[00:29:25]  When you got drag queens being promoted in K-12 education, and the whole population is not scratching their head saying, what is going on here?

=== Cultural Pressure Cooker Escalation (04:49) ===

[00:29:34]  I mean, it's a frog into boiling water.
[00:29:38]  And on top of that, just the economic facts, past 40, 50 years, real GDP has fallen steadily, right?
[00:29:45]  I mentioned Reagan in the great supply side recovery he managed.
[00:29:50]  But real GDP per capita, the measure of human welfare, has fallen straight for 50 years.
[00:29:56]  The real interest rate has been orchestrated in a downward direction by the Fed for 40 years, resulting in 0% federal funds rate for the last 10 years.
[00:30:06]  That created the 07-08 financial crisis and the everything bubble.
[00:30:11]  And the worst of it all, Robert Nelson at Northwestern University is the guru on productivity growth and productivity, which is the most important metric in the economy.
[00:30:23]  It's what you make per hour, the amount of stuff.
[00:30:26]  It's been straight down for 40 years in the U.S., Europe, everywhere.
[00:30:29]  So that it cannot be by accident, right?
[00:30:35]  The American people left to their own are geniuses with energy and faith in God.
[00:30:40]  And so it's been a coordinated, centralized attack with the growth of the federal government and now the Federal Reserve and Klaus Schwab coming out of Europe.
[00:30:49]  If Republicans take back the House you served in Congress, what can they possibly do to slow this down with a divided government?
[00:30:58]  Oh boy, they put out their report today based on that report, man.
[00:31:04]  We better get praying even harder because they're not looking too aggressive.
[00:31:08]  And so it's not really politics anymore.
[00:31:12]  What we got to hope for is the American people rally, right?
[00:31:16]  Republicans, Independents, even Democrats are forming this new coalition of the middle class versus the unit party.
[00:31:24]  And so, you know, hopefully the Republican Party will demand, you know, two or three, you know, put an end to the 87,000 new IRS agents that have been hired, put a limit on the debt ceiling, a limit on the growth of the federal government.
[00:31:41]  You know, pick three or four things and say, look, we're not, we're negotiating.
[00:31:44]  We're going to shut down the government forever unless you agree to go with these three or four things that are existential, right?
[00:31:51]  The 5 million people coming across the border, the endless war that we're financing.
[00:31:57]  Just turns out today we had $50 billion in missing COVID funding.
[00:32:01]  We got $50 billion going to a war.
[00:32:04]  And so on top of that abuse, we got 87,000 IRS agents coming to punish you, the people who set alarm clocks and work for a living and do all the right things.
[00:32:14]  And so this is not sustainable, Jordan.
[00:32:16]  I mean, this is not.
[00:32:19]  You're smart.
[00:32:19]  You know this.
[00:32:20]  Obviously, we want everyone to remain peaceful.
[00:32:22]  But if you have food shortages, supply chain crises, you're sending $50 billion to Ukraine.
[00:32:27]  The stock market crashes.
[00:32:28]  The labor market crashes.
[00:32:29]  Elites are making more money than ever.
[00:32:31]  The borders are wide open.
[00:32:33]  And their kids are dying of fentanyl and they're addicted to pornography and depressed and want to kill themselves.
[00:32:38]  There's a pressure cooker waiting to happen.
[00:32:40]  Yeah.
[00:32:40]  Yep.
[00:32:41]  Yeah.
[00:32:41]  And I just urge all of that last piece you mentioned, right?
[00:32:44]  This neo-Marxist piece.
[00:32:47]  I know people don't follow Marx.
[00:32:49]  They should, right?
[00:32:50]  And Marcuza and the Frankfurt School, and now it's in the U.S.
[00:32:55]  And it's not Marxism.
[00:32:57]  It's this identity politics and the nasty turning people against each other instead of the Judeo-Christian principles.
[00:33:05]  Love your neighbor as yourself.
[00:33:06]  Love God in the first place and then your neighbor.
[00:33:09]  But we got to pay attention to these young kids who are being assaulted with this sexual identity stuff.
[00:33:17]  And that makes them turn against their parents.
[00:33:21]  And then the left gets what they want, right?
[00:33:23]  A war between the kids and their parents and values.
[00:33:26]  And boy, that's very disturbing to me.
[00:33:29]  That's one of the most disturbing things I see going on in this culture.
[00:33:32]  We got a lot of work to do.
[00:33:34]  We are sitting on a pressure cooker.
[00:33:35]  I'll tell you what.
[00:33:36]  Dave, thank you so much.
[00:33:38]  Yeah, God bless you, Charlie.
[00:33:39]  Thanks for all you do.
[00:33:40]  Great work as always.
[00:33:41]  Thank you.
[00:33:42]  Thanks, brother.
[00:33:43]  I'm afraid it's a pressure cooker that has been designed.
[00:33:47]  It is a pressure cooker that is could get wildly out of control.
[00:33:52]  I certainly hope not.
[00:33:53]  But people are losing their patience.
[00:33:55]  They're losing their savings.
[00:33:56]  They're losing their net worth.
[00:33:58]  They're losing their children.
[00:33:59]  When you start to lose so many things that you value, eventually you say, I have nothing to lose.
[00:34:05]  When a society starts to say, I have nothing to lose, what happens next is usually very regrettable.
[00:34:11]  Thanks so much for listening, everybody.
[00:34:13]  Email me directly, freedom at charliekirk.com.
[00:34:15]  Thanks so much for listening.
[00:34:17]  God bless.
[00:34:19]  For more on many of these stories and news you can trust, go to CharlieKirk.com.