Knowledge Fight dissects The Obama Deception, where Alex Jones falsely ties 2008’s "New World Order" claims to Financial Times articles, misquotes Rahm Emanuel and Henry Kissinger, and exaggerates Bilderberg protests—claiming seven convoys with dignitaries like Obama or Clinton, despite no evidence. Jones conflates the Federal Reserve with a private entity, ignoring its hybrid structure, government oversight, and public balance sheets, while Jordan Holmes mocks oversimplified "pirate enterprise" comparisons. Dan Friesen counters that Jones’ distortions stem from cherry-picking history, undermining trust in institutions by blurring fact and fiction. [Automatically generated summary]
The voice you will be hearing shortly is my co-host, Jordan.
We're a couple dudes who generally like to sit down, drink novelty beverages, and talk about Alex Jones.
Wherein the structure of the show is, I know a lot about Alex Jones, and my co-host Jordan knows very little, and I tell him about it, and he gets infuriated by things, as is the natural reaction to someone like an Alex Jones in the world.
You are joining us here today on the part two of our in-depth discussion, exploration of Alex Jones' 2009 documentary in heavy quotes documentary, The Obama Deception.
If you are just randomly jumping in here, I'd probably recommend you go listen to the first episode before this one, because otherwise you missed out on Alex using some fake quotes, which is always a lot of fun.
It's always fun to find those instances of like, nah, this is just made up.
But where we left off in the last episode was Alex was just about to introduce his proof, the evidence that he has, that the New World Order was being announced by the media.
The media in 2008 was coming out and saying, like, oh, we've been hiding the New World Order for all this time, but now, hey, we want to tell you it's real.
So we'll jump right back into that here in a second.
But before we do that, I want to take a second because this is Thanksgiving week, and in the spirit of thanking the people who make this show possible, our donors, who are the ones who are the reason for us doing this in the first place, this Obama deception coverage, I thought I would take a little bit of time to thank someone who has joined up with the team, someone who's donated to the show.
And now, after years of denial, the media and the elite themselves are proudly announcing that not only is world government real, but it is the answer to the financial crisis that they carefully engineered.
Alex isn't proving that they carefully engineered this.
That's nonsense.
It's a claim that he's not defending or backing up or proving in any way.
But right now, what we have on screen here is four articles, all of which we've talked about in some manner in the past, that all don't say what Alex claims they say.
They just have headlines like this Herald Tribune article, A Chance for a New World Order, the Financial Times article, and now for a world government.
Like, they're all just conversations that people have made, like editorials, Isracast.
If I know anything about Israel in 2009, I'm going to go with that's not a pro-New World Order.
If you're throwing Gaza and Obama's New World in there, you're probably arguing that Obama's going to try and create a two-state solution there, and they should be killed or whatever.
Suddenly, the Wall Street Journal tells us that the North American Union is here and that getting rid of the dollar for a common currency with Canada and Mexico is good.
The Financial Times of London, published by a member of the Bilderberg group, crowded.
That a dictatorial world had been kept in the shadows for our own good, and that it was now time for it to emerge from behind the curtains of national security.
Beyond that, all I can find evidence of Gideon Rackman in terms of attending Bilderberg is he attended a number of times in his capacity as a journalist, not as a participant.
It was only a few occasions in the 2000s.
None of this proves that he's a member of anything.
And in fact, he's been very publicly opposed to many positions that Alex would describe as globalist, such as strongly arguing against the idea of England getting mixed up in the Euro, which is something that Alex would say all globalists are for.
So if he's a Bilderberg member and is announcing world government, wouldn't he be on board with ditching the pound in favor of the Euro?
And Henry Kissinger, who gave Barack Obama his first job out of college, that the economic collapse was a great opportunity to bring in the New World Order.
He went on to say that Barack Obama was the perfect person to sell it to the world.
Because, like, first of all, Kissinger is a fucking globalist.
That's not an accusation that's being made.
David Rockefeller, too.
Yes.
You could describe them as people who are interested in global cooperation and integration.
So it's not like a dirty word that is like, oh, no, I would shy away from this.
And for them, generally speaking, New World Order isn't some sort of term that describes a shadowy cabal that's the intersection of the remnants of Adam Weish Hops Illuminati mixed with Jewish banking elites in Europe.
Right, but if you're always trending towards progress or always looking towards international cooperation and helping each other instead of wars for no reason and that sort of shit, you'll always be working towards a new confluence of events.
There will always be something better.
There'll always be something you're aspiring towards.
And people like Kissinger use the term New World Order to describe that because it is a new order of the world.
I don't think it's as evil or suspicious, but it is fucking weird that he says it a lot.
You know, it is one of those things that like you should stop.
Yes, because at the same time, if he stopped, but that would also play into the hands of the conspiracy people just be like, why doesn't he say New World Order anymore?
I don't care about the ethical implications of Kissinger's actions or anything like that right now because I think that they're really tertiary and to the side of what we're talking about.
So Barack Obama went to Occidental College for his freshman and sophomore years and then transferred to Columbia University to finish his degree, graduating in 1983.
His first job out of college was at the Business International Corporation, which has nothing to do with Henry Kissinger.
The conspiracy community latched onto this job and said it was proof that Obama was a CIA plant because in 1977, Elliott Haynes, the company's founder's son, told the New York Times that his father had used the company to provide four CIA agents cover between 1955 and 1960.
Even if we assume the information that's coming from Elliott is correct, it still does nothing to prove that Obama was a CIA asset or that they were still using this company to provide him cover.
For one, the company isn't a fake company.
There are tons of employees that they pay to publish newsletters for clients, plan conferences, and do extensive research.
During the Cold War, there are a ton of companies that had clandestine agreements with many businesses to help hide their spies.
One of the reasons that journalism and publishing seems to have had a higher incidence of that sort of thing is that journalists have a reason to be in a foreign country that doesn't raise suspicions.
As far as the facts go, that's about as nefarious as Business International gets from everything I can tell that is true.
I want to talk about this really quick because this is fucked up.
So Alex is saying that Daniel Estellon has inside sources inside Bilderberg that told him that they were planning to rise the price of gas up to $150 and then bring it down.
Here's why this is a problem.
He didn't bring that up in Endgame.
That didn't come up.
Secondly, we know from listening to Alex Jones' show that Alex Jones' oil rig chaplain friend, Lindsey Williams, is the person that Alex says told him that the globalists plan to raise the gas price up to that exact same amount and then bring it down.
Why is he now in the Obama deception saying that Daniel Estelin told him that?
Further, in all of his appearances on the show with Lindsey Williams, why haven't we heard Alex say, oh, yeah, Daniel Estelin told me the same thing.
In this documentary, when he's talking about Estelin's prediction, why doesn't he say this really credible guy, Lindsey Williams, who was a chaplain on an oil rig and lived with the globalists for years, defends exactly what you're saying.
Why not?
That's weird.
unidentified
Well, because he doesn't have Lindsay at this time?
No, but he could still be talking to Daniel Estelin and say, Lindsey Williams, who lived with the globalists for years, said exactly the same thing for you.
I don't want to talk about Daniel Estelin more than we already have, except to say that that is weird that Alex doesn't bring that up, and that he's really fast and loose about who's telling him about these oil predictions.
The rest of the stuff that Daniel Estelin is going to say is just stuff that you would know if you followed the news.
Like, none of this is predictive.
None of it is.
And his predictions are wrong.
They proved to not be accurate in terms of, like, he says oil's going to get up to 150.
It didn't.
It got up to like 130 or something like that.
It was a big rise, yeah.
And then with the idea, all of the stuff, just if you followed trends, like Gerald Selenty claims to.
He also reported that after suckering the middle class back into the stock market, the group was going to implode the subprime mortgage market and destroy public confidence.
Rest in peace, Big Jim Tucker, guy who wrote an overtly anti-Semitic publication specifically published by Willis Carto for the express purpose of shifting public opinion against the Jews.
If you're watching this, it's interesting to watch Daniel Estelin's body language because what he's trying to do is recall information that he already knows and sort of improvise a storyline out of it.
Yeah.
You can see him coming up with this as he's going along.
There's a part of it that to me indicates creativity.
There's a creative thinking process that is going on that he's telling.
Because if he was reporting from what somebody inside Bilderberg told him, he'd have his notes or something like that.
would prefer they do also there's a certain point of accuracy that comes into into into it we're not When I get my burger, I want what I want on it on it.
As we're running out of oil, when people don't travel, at least that's what they're saying.
When people don't travel, when people don't have money, they don't travel, they don't spend any money, which means you don't waste a lot of oil and natural gas.
Isn't that crazy that the only thing that we like?
I remember even at that time being like, oh, the only thing that I am scared of because W's presidency was such a disaster is that somehow, despite the fact that people don't want a Republican in there, they'll be like, oh, he's black, so we can't have that.
Right, right.
And instead, we got a black president, and because of that, we now have Trump.
That saying that you knew, like, as if it's predictive or like you're a psychic, you knew in June 2008 that Obama was, you know, he was heading places.
After running a six-month-long campaign with zero support and the natural assumption that he never had any chance to defeat Hillary Clinton, we knew in June when he won the nomination, he was the puppet.
National media claimed that during the weekend, the Bilderberg group was scheduled to meet, that Obama had speaking engagements set for Chicago and the Midwest.
In a classic bait and switch, the Obama campaign told the press corps to get on Obama's campaign plane and that Obama would join them on the flight to Chicago.
Campaign staff then slammed the door shut.
The fawning press had been shanghaid as Obama's campaign aircraft lifted off without Obama.
Alex is trying to present and muddy the timeline to insinuate that the two of them were still in the running when Obama had already won the nomination.
And the reason for that is Alex believes that you go to Bilderberg and then the world elites decide who's running.
The reason that he has to do that is because if you have the knowledge that Obama had already won the nomination beforehand, then they're not choosing who won.
He won based on the votes in the primaries and stuff like that.
The argument falls apart.
So he tries to maintain that facade throughout this entire documentary, which is silly.
looks disgusting now but he looks all right back then he looks like he's heavier but he looks like a rough 30 ish guy but not like he's 30 something Yeah.
Beyond critiques of his physical stature or whatever, it's the nighttime, and he's saying, we're going to go check into this hotel because they're going to kick us out tomorrow for Bilderberg or whatever.
The plan tonight is to try to not get arrested, dodge the security, get in there, get some footage of the elite arriving in the morning because some arrive before they officially lock it down and then getting out of the building.
That's our plan.
I'm also going to be getting a call by an international syndicate radio show, Coast Coast AM with George Norrie.
And all week he's getting briefings from me every night about things as they develop.
They may have tried to concoct this in some way to say, you know, look, they didn't leave during a fire drill, assessing me, knowing I would stay into the interview.
That's not a crime.
The moment the crime Danheiser, the moment the phone rang, the guys answered it.
I'm standing there.
The alarm goes off.
It's going off right now.
The guests are exiting the hotel out there.
Of course, it's absolutely insane.
I noticed, too, that there was over 100 security people here today, but tonight we got back and it was a total ghost town.
And this is what's insane.
unidentified
We have a security guy 30 minutes ago, about 25 minutes before this happened.
So Alex claims that the fire alarm started just as the phone rang, but according to the footage that we just saw there, we start in media res with the call with the fire alarm already going.
Based on his track record, I don't trust Alex Jones unless he proves something.
And if he's out here filming himself at this hotel, staking out Bilderberg, I find it entirely implausible that he wasn't recording when he started making the call or when the fire alarm started.
So that to me is suspicious number one.
Suspicious number two, how is a fire alarm going to flush Alex Jones out?
It's not like if you leave your room during a fire alarm, you're checked out of the hotel.
If it's a situation where the globalists know he's in the hotel but don't know which room he's in, so they have to pull the fire alarm to get him out in the open.
How in control are the globalists, really?
They can't pressure a goddamn hotel manager to say where Alex Jones is.
He literally said everywhere we go, we're being followed.
So they know what room he's in.
In this doesn't mean anything.
Alex has a backup hotel where he was harassed by globalists, but naturally, no footage of that anywhere to be found.
Weird.
And also, what kind of setup can they pull by pulling the fire alarm and he doesn't leave?
Like, what kind of setup is that?
It's not a crime not to leave your room during a fire alarm.
It's fucking stupid.
They pull the alarm.
Look, he has no footage of that security guard that came up and told him people have been pulling fire alarms.
Also, look, if I ran a hotel and Alex Jones walked in, I would immediately have him followed around for no nefarious reason so much as, hey, I just need people to follow me around because you have a long and varied history of fucking with people, and that's not how I want my operation to be run.
Like, same with Estelin, the improv skills are going.
Like, Alex had nothing, but because the Marriott is just a normal hotel with nothing suspicious going on.
So when he got on the phone with George Norrie, he had zero to report.
We walked around, we saw some art.
That's about it.
There's nothing.
That's a boring appearance on Coast to Coast AM.
Maybe by a coincidence, the fire alarm went off, or maybe one of Alex's crew pulled it.
I have no way of knowing.
But whatever the case, now Alex has the ingredient he needs to avoid talking about the lack of anything substantive happening.
Now he can portray himself as the brave reporter who's out there whose life is in peril, who's also the victim of a grand conspiracy of fire alarm pulling.
In that clip that we just heard from Alex's endgame, Obama deception documentary, what we heard is a story about one guard coming up to him when he's trying to take pictures for B-roll.
He's trying to create, you know, his getting pictures of the artwork and what have you.
Now let's hear what he says the next day on Coast to Coast AM.
George, I am, and thank God that you're having me on the show because we're in a lot of danger.
And I've never said this before, even when I was detained for 15 hours in Canada covering it two years ago.
I want to point out you are the only large commercial mainstream show.
In fact, no one, no newspapers, nothing is covering it but your radio show with 16 million listeners and then my smaller news websites infoars.com and prisonplanet.com last Alex is saying that he's smaller than somebody.
Tonight, for three minutes before you went to me, right when you called, an alarm went off, the fire alarm.
And the reason I was so upset is that walking up 10 minutes before, maybe 12 minutes before, two security walk up to us and they say, hey, have you heard of people pulling fire alarms?
They like to do that to rob places.
I said, that's a strange story.
Thank you.
And as soon as this happened, I'm waiting on hold.
Tom called your producer right as the alarm went off.
When I'm back in the room, I'm thinking, what's going on?
I had an indefinite film channel crew in there filming all of this.
Which explains what's happening.
The fire alarm is going off.
Everything's crazy.
unidentified
And it seemed like everybody was walking out in an orderly fashion.
So now he also said in that interview the next day with George Norrie on Coast to Coast AM that after the alarm was going off, he finished his interview with George, and then they left.
And a security guard came up to them and said, I'm going to fuck you up, Rob Alex.
There's footage of them leaving for the fire alarm.
Well, the globalists don't, because if they did that, all they've done is hand Alex a narrative on a silver platter that he gets to use to pretend he's oppressed and a victim and he's brave.
I looked into him, though, and I'm not confident in a lot of the claims that are made about him.
There are a lot of people who have made accusations that he embezzled tons of money from We Are Change and was using it basically as his personal bank account.
But because of the, you know, he never was charged with it or anything like that.
They're committing a criminal act simply by being here to attend a secret meeting with officials from other countries to discuss U.S. policy in the world.
This is my favorite shot of this entire documentary right here.
Alex Jones in a black shirt, black button-up shirt, sunglasses, flanked by old man Jim Tucker in his silly lounging by the pool hat and his suspenders.
It looks like this sort of young guy is, you know, he's the guy who's like, I'm muscle, and I'm here to back up this old man who's the oracle, who's like, I am feeble in body, but I am great in wisdom.
Alex is charging in with like, I will defend this old man telling that it looks like something out of a bad movie.
I would say a better documentary for Alex to do late career is revisit all the people he's listened to and wrestle with why it was a bad idea to listen to.
I don't think that the concept of an African union, this possible idea, could possibly be any worse than what colonialism has already inflicted on the continent.
So then Spike Lee featured their song Fight the Power in his movie Do the Right Thing.
And Public Enemy was a hot commodity.
Everyone was interested in them, which unfortunately led to a 1998 interview with The Washington Post where Professor Griff said, quote, Jews are responsible for the majority of the wickedness that goes on around the globe.
That's the quote that most people remember.
Unfortunately, he said way more than that in that interview.
He went on a full-on anti-Semitic screed and cited Henry Ford's book, The International Jew, as a source.
He said that Jews gave black people AIDS and concluded that, quote, he must be speaking the truth because if he wasn't, the Jew who owned CBS would have since forced him out of the group.
Where he gave this rambling explanation for his actions.
Quote, to say the Jews are responsible for the majority of wickedness that went on around the globe, I would have to know about the majority of wickedness that went around the globe, which is impossible.
I'm not the best knower.
God is.
Then, not only knowing that, I would have to know who is at the crux of all the problems in the world.
And then to blame the Jewish people, that's not correct.
All this doesn't really matter because he pretended to be sorry and he made a visit to the Holocaust Museum and it all did kind of blow over with the exception of that Jews are responsible for the wickedness comment that everyone still remembers.
The rest of that stuff, everyone's kind of like, also, I mean, because he did all that and it blew over, he was inducted into the Rock and Roll Hall of Fame in 2013 with Public Enemy reinstalled as their minister of information.
But beyond all that, Professor Griff is a follower of Louis Farrakhan, espouses deeply anti-white sentiment.
He's basically the archetype of a black racist that Alex complains about all the time, and yet here he is presented as an expert in Alex Jones' documentary.
Senator Barry Goldwater said the Trilateral Commission is intended to be the vehicle for multinational consolidation of the commercial and banking interest by seizing control of the political government of the United States.
The Trilateral Commission represents a skillful, coordinated effort to seize control and consolidate the four centers of power: political, monetary, intellectual, and ecclesiastical.
The trilateral commission intends is to create a worldwide economic power superior to the political governments of the nation-states involved.
As managers and creators of the system, they will rule the future.
So, Barry was born the son of parents who owned a department store called Goldwater's, which he would go on to take over after his father's death.
Due to the store's success, his family had a comfortable wealth his entire life, bringing in an estimated million dollars a year as of 1941, which would be $17 million in present-day terms.
This allowed Barry to pursue his own interests, which ended up being weird conservatism.
In World War II, Barry joined the Air Force and flew supply runs.
So, you know, it's pretty cool.
He was very passionate about flying airplanes, and that went throughout a great part of his life.
Then in 1952, he was elected to the U.S. Senate.
Oh, I'm sorry.
I skipped over something.
I forgot to tell you that in 1939, Barry Goldwater started a national fad when he invented something called ANSI pants, which were just men's underwear with big red ants printed on them.
So, he brought along that money in an already deeply entrenched opposition to labor unions.
He hated the New Deal for that reason and had prior to running for Senate campaigned for Arizona to be a right-to-work state where employees didn't have real rights.
In 1963, Barry was a vociferous opponent of the Civil Rights Act, claiming it would infringe on property and states' rights.
Naturally, that kind of thinking netted Barry the Republican nomination for president in 1964.
Also, it's hard to square that idea that he's not an extremist with the pain speech that Barry Goldwater gave, where he said that we should be using nuclear weapons just as liberally as conventional weapons in Vietnam.
He went on to go so far as to suggest that field commanders should have the authority to use tactical nukes without the approval of the president.
Even with the president signing off, that would be a crime against humanity.
So he, I mean, you just flippantly say that things like that should be policy, which is very reminiscent of Donald Trump saying we should kill terrorists' families.
So that same year, Facts magazine printed an article called The Unconscious of a Conservative, a special issue on the mind of Barry Goldwater, a play on his book, The Conscience of a Conservative.
In that article, the writer said that Barry Goldwater was, quote, severely paranoid personality who was unfit for office.
Barry sued him for libel and won, thus creating the Goldwater rule, where media personalities steer away from criticizing the mental states of public personalities.
Oh, sorry, I forgot to mention something.
At this point, Barry Goldwater was also running a ham radio station out of his house.
So in the 1968 presidential campaign, Barry Goldwater backed Nixon, which is kind of strange.
Like I mentioned earlier, a lot of Alex's other ideological ancestors were firmly on board with segregationist candidate George Wallace during that campaign.
I don't know what to make of Barry's involvement with Nixon, but I should also tell you that in 1976, Goldwater was inducted into the International Swimming Hall of Fame.
Also, there was a great exchange that I found between him and John McCain about like Goldwater was like, if I was in charge, you never would have been at that Hanoi Hilton.
You never would have been a POW of the Vietnam if I had been in charge.
And McCain's response, I think, is nice and snappy.
And it's like, you're right.
I would have been a prisoner of war with the Chinese.
So by 1993, a now retired 80-year-old man, Barry Goldwater, advocated for the creation of laws to protect homosexuals from discrimination and supported the right of homosexuals to openly serve in the military.
All of this was because he found out that his grandson was gay.
So they killed Warren G. Harding and then got Coolidge in charge, which I guess that's probably what they did.
But that doesn't really make sense because Coolidge is remembered as a small government conservative, someone who just was entirely into laissez-faire international politics.
They orchestrated that in order to create the crisis necessary to do the shit that they wanted to do, which was elect FDR in order to create the New Deal and usher in 40 years of pretty sustained economic growth.
I mean, the reason that we ended up not having nearly as many financial crashes since the Great Depression onward, a large part of that was regulation.
Not by priests, not by bureaucrats, not by demagogues, none of those, but by bankers.
Bankers rule, and the bankers set up these institutions.
They set up things modeled on the Royal Institute for International Affairs, Chatham House, and the Milner Roundtable of the period right after the Boer War.
Even before World War I, you had the British setting up these roundtables institutes with publications and conferences, and this is how they make policy.
Upon Obama's inauguration, members of the Bilderberg Group, Trilateral Commission, and CFR flooded into every position of power in the executive branch, replacing Trilateral Commission and CFR members who previously filled the positions during the Bush administration.
As I said earlier, there's no such thing as a member of the Bilderberg group as much as there is a member of the steering committee, which those you can find out who those people are.
Of the 22 members of his cabinet, only five of them, Alex's people were CFR members.
You got Robert Gates, who's a holdover from Bush, Eric Shinsecki, Susan Rice, Janet Politano, and Tim Geithner.
Those are the only people who had any relation with the CFR that I can find.
Right.
In terms of the Trilateral Commission, there's a number of people who were former members, but they left when they got into public service, which we'll get into here in a little bit.
But in terms of Bush's outgoing cabinet, you had Condoleezza Rice, Henry Paulson, Robert Gates, Elaine Chow.
That's about all I can find in terms of the CFR membership roles.
But it appears that at the end of Bush's term, there were four CFR members in his cabinet.
One of the big problems we have is you go from Clinton to Bush to Obama.
What stays the same is the ruling elite that gives these puppets the orders that they act on.
And these orders are wrong-headed, let's say, to say the least.
They're basically bankrupt.
They're going to lead to the collapse of this civilization.
What they're doing is using the existence of the United States as a formerly powerful nation-state to act out their Wall Street fantasies of world domination and maintaining their capital structures and maintaining their system of looting.
And this can't be done.
So the basic question is, they've hijacked our country, and you've got to take it back from them.
You've got to drive Wall Street out of the government, and at that point, you'd have a reasonable chance of getting back to prosperity and some kind of peace and order in international affairs.
If you deal with the reality of the awfulness of it, of like, look, Tim Geithner is a giant piece of shit.
And yes, bankers have far more outsized control over everything than they should.
We don't need to take our country back from them.
We need to remove the level of influence they have.
They should still have some influence because that's part of our fucking system.
And so it's important to make sure that there's everybody going on.
But if you did that, if you explained that, then it'd be like, well, let's all participate in the political process and let's all vote and let's all do all this shit and let's get money out of politics.
But they can't do that shit because that would fuck with their ability to sell gold.
Yeah, and it's super unsatisfying to live in a place where you're like, well, because things in the past that we can't control, sometimes we have to make really unsatisfying decisions.
Sometimes you want to be like, hey, all these bankers should have no fucking control over anything.
We should send them all to prison.
But in reality, in order for everybody to be better off, sometimes you do have to make compromises like the bailout bill.
Though I will say that that should have been handled a little bit better.
There are things that sometimes to work towards the greater good of everybody, you have to say, like, ah, man, I don't want to do that, but well, you got to do it.
Got to do it.
And that's not something that exists within the vocabulary of Alex Jones, Infowars, and all of these ding-dongs.
Those are a lot of different skills, different businesses that are involved.
No idea.
Then, from 1985 to 1990, Humphrey served on the Austin City Council.
He ran for office and was on the city council.
After losing a re-election bid in 1990, he left politics behind and founded George Humphrey Productions, a film company that it appears that they've only put out one film.
As for him being an author, the only books I could really find on Amazon written by George Humphrey, they're all algebra textbooks that appear to only be used in Ireland.
I get the sense that that's a different George Humphrey.
So at Press Time, I can find no real evidence that he is a published author.
Though there is one book that looks like it was written by him.
And that is a companion book that goes along with a DVD that George Humphrey put out called, quote, 9-11, The Great Illusion, Endgame of the Illuminati.
According to Amazon, there's a review on Amazon from a guy who definitely believes 9-11 was an inside job, but thinks that Humphrey's film is full of shit and factual inaccuracies.
He apparently got the flight number of one of the planes at 9-11 wrong.
I have some pretty conflicted feelings about Larry Summers, Lawrence Summers.
Like, yes, he absolutely was instrumental in helping take apart the regulations of the Glass-Steagall Act that didn't allow banks to work in concert as multiple varieties of banking institutions.
But he also, after the fact, realized that he fucked up.
Like, he did say, it was bad.
I shouldn't have done that.
We were working on the wrong kind of information.
He paraphrased John Maynard Keynes when he said about it, when circumstances change, I changed my opinion.
Which to me does indicate someone who has wrestled with the idea that they did something wrong.
And then when he joined the Obama administration, certainly not everything he did was great, but he was a big part of helping push the policies that did end up fixing the problem that he had a part in starting.
Look, elected officials are going to be deceived because, generally speaking, our elected officials are not the intellectual powerhouses that we might want them to be.
No.
So he's got a massive, massive lobbying campaign with very, very smart people trying to deceive him and finding the little places where he's vulnerable and convincing him otherwise.
This is an Alex Jones documentary, and he fucking hates government regulations.
I don't really know what to think.
If a deregulated derivatives market is the cause of all these problems, then wouldn't it stand to reason that more regulation on that market is the solution?
Or would you say you're not allowed?
The government should say you're not allowed to trade in derivatives.
Now you've got a government dictating what the market is.
But you can't prescribe, you can recognize a problem and you can recognize that the solution is something that you are ideologically opposed to, but you then can't prescribe that solution.
So, this is a little complicated, but I think it's very important to understand the nature of the Federal Reserve as we go forward in this documentary.
And since Gerald Celenti brought up the it's as federal as Federal Express, it's the best time to do it.
So, the Federal Reserve, it's not a private bank in the way that Alex and his crew present it.
It's a public bank that holds private assets.
To understand exactly what the issue is here, it's essential that we understand what the structure of the Federal Reserve actually looks like.
The Federal Reserve is run by their Board of Governors, each of whom is appointed by the President of the United States, who are then required to be confirmed by the Senate.
They serve terms and can be reappointed or not.
So, on a very basic level, they're accountable to the government.
It's not a feature of any private company in this country that they would have that sort of structure.
Each of the 12 Federal Reserve banks are owned, in quotes, by commercial banks in the region they're located in.
Basically, they're stockholders in these Federal Reserve banks.
According to Investopedia, quote, an important distinction to make is that while these member banks are considered owners of the Fed, they don't have many of the usual rights of stockholders.
Member banks, for example, are required to hold 6% of their capital as stock in their reserve bank.
But by law, their dividend return on this investment is fixed at 6%.
The Board of Governors and the Federal Open Market Committee are the two main bodies of the Federal Reserve.
The board is made up of the seven people appointed by the President and confirmed by the Senate.
The Open Market Committee is made up of these same seven board members and five of the heads of the 12 Federal Reserve Banks.
In essence, the balance of power always is in the hands of the seven government-appointed governors who can outvote the heads of the regional banks if there is a friction between the two.
So also, the Federal Reserve Banks don't rely on tax dollars to operate.
Their budget is comprised of interest earned on the Fed's portfolio and interest on loans to depository institutions.
However, they can't really make that much money because, quote, any excess earnings must be transferred to the U.S. Treasury.
During 2018, for example, the income of the Reserve Banks amounted to about $35.5 billion, of which $31.7 billion, or 89%, was transferred immediately to the U.S. Treasury.
That, again, is a feature that does not exist with any other private for-profit business.
But none of that stuff with the audits and stuff like that, that's not a feature of anything that you would ever see in a private business.
It exists because of the private-public intersection that the Federal Reserve exists in.
All of this is to say that no, the Federal Reserve is substantially more federal than Federal Express.
This is just empty propaganda and a catchphrase that allows people to indoctrinate impressionable people who don't understand the complexity of the public-private nature of the Federal Reserve and why it has to be that way to function.
If it were to be entirely private, the bank would have no reason to act with not to act with complete impunity and plunder the fucking country.
If they were entirely public, the entire Federal Reserve system could be compromised way too easily by a president or political party by packing all the Federal Reserve Bank with loyalty, all of the 12 banks with loyalties.
Well, because when you start to deregulate it, it starts to act more closely to an entirely private business, which the worry of that is that they will start acting with impunity and not in the public's best interest.
And that's what we see.
That's why there is these really negative effects.
Well, when you have this bank that's responsible for setting interest rates and stuff like that, it has to be apolitical because otherwise it could be at the whim of the and that's why that power has to be slightly external to the like Treasury Department.
For instance.
Because if it weren't, then the president could just say, hey, Treasury Secretary, inflate the economy.
For instance, if you had a president of the United States, if you had a president who was blatantly in violation of the emoluments clause, he might direct the Federal Reserve to adjust an interest rate to whatever benefits his businesses the most.
But I don't, like, the complaints that Alex Jones makes about it and all the people in this documentary make about it, we can look into what they say and how it works, and you can just see it's not true.
Like, it's absolutely, they're just lying about it to demonize it.
And there are real complaints you can make.
And so when you make fake complaints, that means to me, your argument is weak.
So then, and you make the logical connection yourself after those couple of steps where you're like, oh, okay, so you do this because this, and this protects against this, and that, and then the whole puzzle starts to come into shape.
But if you get angry after two steps, like the second page of Google, I would even argue that maybe 99.9% of the fucking world never goes to the second page of Google.
If you had an entirely private for-profit company that was setting interest rates and all the other financial responsibilities that they have, like the money supply.
That is where we are going to have to cut things off for today.
But it's a very exciting episode, I believe.
I think.
I don't know.
Maybe it's wrong of me to say.
I'm kind of a biased source of information.
I always love to tell people about how Barry Goldwater created those underpants.
That's always, you know, if we were doing this documentary and that was the only thing I got to tell people about, I think it would be worth it just to tell you about the weird, weird life that Barry Goldwater lived.
But yeah, it's nice to end this with just a glimpse at just how wrong Alex is on a fundamental level, just about one of his biggest issues, vis-a-vis the Federal Reserve and whether or not it's public or private as a business.
So that's nice.
And that should, I really think that that's something very important for us to all carry with us.
When we understand that sort of thing, you really start to understand what is the underpinning of so many of Alex Jones' beliefs.
And when you realize that that is what's underneath it, something that is a fundamental elementary misunderstanding, it really starts to make things look a little sadder than the sadder or more nefarious.
Maybe both.
Anyway, thank you all for listening.
We'll be back tomorrow with part three.
But for now, we have a website.
It's knowledgefight.com.
Also, we're on Twitter.
That is a knowledge underscore fight.
We are on Facebook.
We have a group called Go Home and Tell Your Mother You're Brilliant, which is a lot of fun.
People post stuff and talk about nonsense.
And if you'd like to join, please come on over.
The water is okay.
Beyond that, we're on iTunes.
It'd be great if you could subscribe, leave a review, all that good stuff.
Maybe recommend us to your peeps.
Word of mouth is the best way to spread things.
People recommending something more likely to blah.
Anyway, guys, we thank you so much.
We'll be back tomorrow.
But until then, I don't know.
Let's see.
Let me see if I can come up off the top of my head with someone who has not killed anybody.
Ah, I was watching Survivor series the other night.
WWE Survivor Series and Braun Strowman.
That guy is a monster among men.
He's a big old hoss of a man, but he has never killed anybody.
I don't think he's even killed anybody in Kayfabe.
I'm certain as a human, the guy who portrays the character of Braun Strowman has never killed anybody.
But there is one guy who technically probably may have killed somebody, and that is Alex Jones.