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Aug. 6, 2024 - The Podcast of the Lotus Eaters

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The Podcast of the Lotus Eaters #972

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	Hello and welcome to the podcast of the Load Seeders.
	Today is Tuesday the 6th of August and this is podcast number 972.
	Today I'm joined by Josh.
	Hello, no packet quavers for me.
	Dan.
	Hello chaps.
	And we're going to discuss how the markets have collapsed into utter oblivion.
	Yes.
	The Revenge of the Muslims and How Europe is Being Brought Together by Opposing Immigration.
	Before we start, we have plenty of announcements to make, so I'll start reading.
	So we have a new behind-the-scenes video for the election night, which is now live.
	You can watch the full 10-minute video on www.LotusEaters.com.
	It's only available to Premium Subscribers.
	You can sign up now by using the code ONLY121 and you have a 50% discount for the first three months of your Premium Subscription.
	And this applies to anyone signing up for the first time, reactivating our subscription or upgrading their subscription.
	And now we also have the Lotus Eaters England Riots Roundtable with seven hosts.
	We had a dream team yesterday, basically it was everyone involved in Lotus Eaters at the moment, and we were discussing about the unfortunate events that are taking place right now in the UK.
	And we have also Rumble Runs to be read after each segment.
	On that note, should we start by the very happy news that Dan has to share with us about the market implosion?
	Yes, the markets are imploding utterly and catastrophically.
	I didn't think it was a particularly interesting subject, but so many people have spammed me on Twitter and in the comments that I should cover it, so I thought, OK, fair enough, let's cover it.
	This tweet covers it fairly well.
	We've got this chap saying, look, over 3.8 trillion has been wiped from the stock market and crypto markets within the last week.
	This crash is now ranked as the largest destruction of wealth in history.
	And just to prove it, he's got a picture with lots of red on it, which is obviously scary.
	So yes, very bad indeed.
	In fact, I've also got a quick segment from Fox News that sort of sets up the situation.
	Samson, can we play that?
	Some would call it history in the most scary, don't say that!
	He has never been down a thousand points ever, not even intraday on the NASDAQ.
	Is that true?
	That is true.
	Okay, down 6% right from the get-go.
	This is heavy, heavy, big tech, here we go, look at them go down.
	Microsoft is down 20 bucks, that's 5%.
	Alphabet, 5%.
	Meta, 6%.
	Amazon, 6%.
	Apple, 9% down.
	Meta, 6%.
	Amazon, 6%.
	Apple, 9%.
	Now, let's pull out Apple.
	This is interesting.
	A question for you.
	No, no, no, we'll leave it there.
	So what does this mean?
	Obviously, people who've got money invested in the market, that's terrible for them, right?
	Obviously, there are losses there.
	But what does that mean for people like me who, to paraphrase the World Economic Forum, Oh, nothing, and are unhappy.
	Oh, it's all bad.
	Oh, good.
	Yes.
	It's bad over a longer time.
	It's just that the people with assets are having a very temporary bit of also badness, just so they can be reminded of what it's like for the little folk every now and again.
	Okay.
	Yes.
	So it's not good, unfortunately.
	Yeah, I've got to say, as an investor myself, I'm entirely relaxed about it.
	I mean, I didn't really even flinch at this news.
	You know, I'm entirely relaxed.
	Nothing has changed on my big view of what's going on at the moment.
	In fact, I did a Broconomics a few episodes back.
	I don't know where that's come from.
	I did a Brokeronomics a few episodes back on how it's about to change.
	I was talking about the liquidity that's coming in the markets over the course of the rest of this year and next year, and I laid out a fairly bullish case in that.
	That's quite a popular episode.
	Lots of people have watched that, so check it out if you'd like to understand my thinking behind this.
	But, you know, basic question, did I get it wrong?
	Did I perhaps pitch it incorrectly?
	I don't think so, because ultimately this is just a question of timescales.
	So, I like to make money over the full business cycle, which is about a 4-5 year period.
	I've never been into the short-term trading stuff.
	If you are into the short-term trading stuff there's not really a lot that I can say to you because I don't really understand that market.
	Every time I've attempted to do short-term trading it has ended disastrously so I just don't do it.
	It's a very risky thing to do.
	It's the most risky but you know you stand to gain a lot.
	Also it takes a hell of a lot of time and attention.
	So you can be an investor and spend most of your time on the golf course.
	If you want to be a trader you need to be Looking at your screens a couple of hours before the market's open, and you need to be there every single day, you need to be thinking about it all the time, and I just haven't got the energy for that.
	So it's basically the equivalent of Twitter strategies.
	Some people are constantly online, responding to everything, and others just have two or three good tweets.
	Yeah, if you've got the temperament for it, you find it difficult to do the other one.
	Whatever your temperament and disposition is.
	So I'm just going to zoom out and I'm going to ask, what is the root of this?
	The root of all of this, the financial system that we have and the economic issues that we have, is all downstream product of the government spending too much money.
	They just can't help themselves.
	Right now, that is in turn is driven by demographics, but I'm not going to get into that here because I've got Brokonomics that you can go and watch if you want to get into that level of detail.
	But the underlying issue is governments are racking up enormous amounts of debt, and they can't afford to pay that debt.
	So the whole game now is how can we debase the currency over time?
	Because that will make the real value of the debt decline.
	Obviously, being £100 in debt today is not a big problem.
	Being £100 in debt in 1900 was a big problem.
	But of course, the value of the money itself declines, and so you want to try and get rid of your debt by debasing the currency.
	That's what it's all about.
	And all of that still holds.
	So, what happened in this particular blow-up that everybody is so animated by?
	Well, it's a number of factors.
	Some people say it's the jobs report that came out.
	Some people say it was the Japanese.
	Ultimately, what it's really about is that the economic regime is changing, from one of financial tightening to financial loosening.
	Um, and all of these are factors within it, but what we're going to see is interest rates coming down, we're going to see the quantitative tightening stopped, and we're going to see the business cycle turning up.
	Don't worry if you didn't understand what I just said, that's what Brokenomics is for.
	But let's just pick up on one thing that people have been talking about a lot, which is the whole Japanese angle.
	So I'm going to quickly whiz through that just to sort of, you know, detangle it a little bit.
	Um, you know when I said governments spend a lot of money?
	Very, very true of the Japanese.
	They run up lots and lots of debt for whatever reason.
	Well, they've got an aging population.
	Well, they're pretty renowned for a lot of deficit spending, aren't they?
	Yes.
	Well, and they've got a very aged population.
	So the whole demographic point I made is, I mean, their demographic cycle is like ours, but 15 years earlier.
	So, yeah.
	They are also one of the cases, isn't it, Japan and Argentina that are sort of held up as countries that always seem to defy most economic rules.
	So...
	Well actually the Japanese tend to lead on a lot of this stuff.
	So they were the first to do quantitative easing.
	They kind of invented it.
	And they've now kind of moved past it to do something else.
	So let me briefly explain quantitative easing.
	I think most of you guys know what it is.
	Basically it's money printing.
	But the way they do it is they say, OK, there's lots of our government debt circulating.
	So what we do is we buy some of it back.
	So we will swap cash for debt.
	So basically, you're putting cash into the system.
	So it's like money printing, but it's not exactly.
	But it's functionally the same thing.
	It has the same result.
	So that's why we just end up calling it money printing, because we might as well.
	But there's two different kinds of money printing.
	There's the quantitative easing, which you do what I said just now.
	But the way you do it is you buy a fixed amount at any price.
	So you say, I'm going to inject whatever it is, 500 billion into the economy, and I will buy 500 billion worth of that debt that's out there and swap it for cash, but I don't really care what price I pay.
	The Japanese do the sock inside out version of that, which is I'm going to buy an unlimited amount of debt, but at a fixed price.
	So effectively what it does is it puts a cap on the price of Japanese debt.
	So it's a very effective way to keep their cost of money very low.
	But there's a problem with what they do, which is called Yield Curve Control as opposed to Quantitative Easing.
	It's a trap.
	Once you get into it, it's incredibly difficult to get out of it.
	And they've been doing this for a long time.
	Now, they can get away with it because they've got huge foreign reserves of, well, stocks and assets and debt and a whole bunch of things from other countries.
	But they had their currency level down at such a low level that what people were doing was something called the Japanese carry trade.
	Now that sounds like it might be complicated, it's not really.
	It's as simple as this.
	You're a macro investor.
	You want to invest somewhere in the world, basically America, because they have the highest returns.
	Where are you going to get the money to invest in America?
	Well, you're going to go to wherever you can get it the cheapest, which is Japan.
	So you borrow money in Japan, So you've got the yen, you immediately sell them and buy the dollar.
	And then buy investments.
	So what does that do?
	Well, you've got this constant push of people selling yen, buying dollars, so the yen goes down and the dollar goes up.
	So you end up with a strong dollar.
	Now governments generally don't mind having a weak currency because it helps them in sort of ways but you don't want it too weak because if it's too weak well that's that causes a whole new set of problems so this yield curve control trap that they've got into they needed to alleviate it just a little bit so what they did is they raised their rates by a quarter of a percent
	It's not much, but financial markets being what they are, they always exploit every opportunity to the maximum extent.
	I mean, if you have a very weak currency, essentially foreigners can buy a lot of your assets very easily.
	Yeah, and it also gives you problems buying stuff that you need to buy from the rest of the world.
	So Japan has a big trade surplus, so it's not that bad for them, but they still need to buy oil, they still need to buy more commodities because they don't have much.
	There's still a whole bunch of stuff they need to buy from the rest of the world, so you can't let it get too low.
	So they raised that interest rate by a tiny smidgen, And because so many people in the financial markets have been borrowing money from there and investing it there, and taking it right up to the limit, even a small movement means that a whole bunch of trades are now offside.
	That you need to unwind them, to rebalance it.
	So that led to a situation where a lot of financial participants had to sell stuff in dollars, mainly, so they could then send the money back to Japan to pay off their debts.
	And even though it's a tiny incremental change, because people leverage up and they do all sorts of silly things, it creates absolute turmoil in the currency markets and assets and stuff has to sell down.
	And it's kind of like...
	Kind of like a python swallowing a deer, you know?
	The python's still going to be okay, but he's just not going anywhere for a while.
	He just needs to sit it out and digest it, and that's kind of what's happening in markets.
	From what you've explained here so far, it seems to suggest that this will correct eventually on its own, and it's just a potentially temporary thing, although there might be some more long-term effects as well.
	Yeah, that's the key thing I'm saying.
	Nothing fundamental in my view has changed.
	You know, the governments are still drowning in debt, and they still can't afford to pay it, and they still have to debase the currency, and they still have to ease financial conditions.
	None of that has changed.
	All that's changed is that there has been a disruption in the flows, and it's upset the equilibrium, and everything's having to readjust.
	This seems entirely unsustainable, and what is the rationale for them doing this?
	Or the excuse, let me say.
	Are they saying that we're going to collectively bargain for debt cancellation?
	Because that doesn't seem... So if what you're asking is the bit about the government's overspending, is that unsustainable?
	Yes, entirely.
	And the whole plan is to put it on the next guy.
	So you get elected, and you do all the bad things, and then you let the next guy worry about it, and then the next guy has a bigger problem.
	And we're now At least 50 years into it being the next guy.
	Yeah, I mean, you're describing my country of origin.
	Yes.
	Well, I'm describing all of them, really.
	I mean, all of them.
	I mean, apart from Russia.
	That sounds familiar.
	It reminds me of something.
	Yeah.
	So, you know, nothing fundamental has changed.
	My timescale is four to five years.
	My current investment cycle began in 2020.
	So I tend to operate in these cycles, and the current cycle began in 2020.
	What happened in 2020?
	Well, in 2020 and 2021, governments borrowed an obscene amount of money for their whole COVID shenanigans.
	The US, for example, borrowed 10 trillion over that period.
	And most of that now becomes due End of this year, next year.
	So they need to refinance it.
	Question, I think for our audience, when you hear something like that, that the US nation borrowed $10 trillion during the COVID thing, from where?
	Oh, well, they issued debt, which was bought some by financial institutions in the US because they're obliged to do so for capital adequacy rules.
	Some of it to foreigners, although foreigners are buying less and less, they want to buy gold instead.
	Some individuals, some other governments, I mean it's just a different spread of different people.
	But they put out that debt.
	And they're going to have to refinance most of it end of this year, next year, right?
	And here's a simple point.
	They do not want to refinance that debt at 5.5%, which is the current interest rate.
	So think about this.
	If you, let's say you've got a mortgage, and you've done a five-year fixed, and you want to roll over your mortgage, but by happy coincidence, you've been handed the power to set interest rates, right?
	What are you going to set interest rates Like a week before you need to roll over your mortgage.
	Yeah, you're going to set it as low as you possibly can, then you're going to roll over your mortgage, and then you can let it taper back up again.
	And thus that cycle that you get into, that the governments have got into, and it started, well I suppose you could argue that it started in like 1998 with the Asian financial crisis, but it was certainly in full stream with the dot-com and the 2008.
	You tend to get these four or five year cycles that carries on.
	They don't want to refinance at 5.5%.
	I think they want to push it down to something in the range of 2 to 2.5%.
	And it's either that or they massively cut spending.
	Now the only things that the US can cut of a scale that actually makes a difference is going to be the military, Medicare or Medicaid.
	And the Americans in the chat can tell us how viable it is, how politically viable it is to slash those three areas of spending.
	I would argue probably not particularly high.
	Don't do the military.
	That would be my advice.
	Not at the minute.
	Uh, yeah, well, I mean, maybe they should.
	Certainly the CIA bit, anyway.
	Well, yeah, of course.
	That's better for everyone there.
	So they want loose monetary conditions, they want lower rates, they want printing, they want debasement, and that drives up markets.
	So the three reasons that I am not panicking even a little bit, right?
	One, lots of debt to roll over.
	And they want financial conditions lighter for doing so.
	The business cycle has turned.
	Again, I won't explain that here.
	Go watch Brokeronomics if you want to get the full rundown of that.
	But essentially, inflation is a lot lower.
	Unemployment is going up.
	So one of the things that you don't want to be doing is lowering rates when unemployment is high.
	But basically, The Federal Reserve Government, they set out their criteria for what they want to lower rates and all of the signals lights are turned green for them.
	So all of that is set.
	And the third reason why I'm bullish is because there's an election coming up.
	Another big pool of liquidity is something called the TGA, the Treasury General Account.
	That's basically Janet Yellen's current account.
	And it's stocked, it's brimmed at the moment, because the US had their tax season and she just kept hold of it.
	Now the reason she's keeping hold of that might be because she likes doing the whole Scrooge McDuck thing of just diving into the big vault of money and swimming around.
	The sun I heard.
	I'm a little bit sceptical here.
	It could be that she wants to help Joe, not Joe Biden, the other one.
	Kamala Harris.
	Kamala Harris, yes, the new one, if she sticks around by the time this comes out at eight o'clock.
	She wants to help the Democrats, of course.
	So that money is going to come pouring into the US economy sometime between now and, you know, when the election is.
	And this always happens.
	You can look at it.
	Election years in the US are always quite good for the markets towards the end of the year, because they always pull this trick.
	And then I'll give you a bonus reason as well, because some people might say, OK, oh, what about the crisis in the Middle East?
	Well, I mean, there's always a crisis in the Middle East.
	I mean, ever since I began investing, You know, I've had people saying, oh, what do you think about the crisis in the Middle East?
	It's like, oh, what, this one?
	People factor that into their market calculations, don't they?
	It's just, it is permanently in crisis.
	And let's take worst case scenario.
	Let's say full regional meltdown, US war against Iran and all the rest of it.
	Well, what does that mean?
	Well, do you think that spending is going to go up?
	Yes.
	Right?
	And if they're going to spend more, do they want cheaper money or do they want more expensive money?
	Well they want cheaper money.
	So that is more liquidity pumped into the whole system as well.
	Now at some point these factors will change and I will turn from being net bullish as I am now to wanting to sell or at least reduce my positions down.
	That is not now.
	I doubt it will be this year.
	The big question is when in 2025 I think that's going to be.
	It's definitely not going to be before the election.
	But at some point after that, I will flip.
	My views will change.
	If you want to know more, again, follow Brokernomics because I won't be going through it here.
	But at this point in the business cycle, what we're going through is basically just normal.
	This is the These are financial markets responding normally to an abnormal and broken government set of policies.
	Which are broken.
	So if you're an investor, I would say don't worry about it.
	If you're not an investor, if you're a wage earner, to come back to your original question, then this whole situation is utterly obscene.
	Yes.
	Utterly obscene.
	Because basically, for people who are investors, you just don't need to do that much apart from just know a bit of stuff, and you can just make lots and lots of money from one cycle to the next.
	And it's all in service of the underlying government motivation to drain the value of money, to make money worth less, which means that your wages are worth less, but because different prices respond at different speeds, so house prices go up faster than wages go up, and they always do that, and the gap between the two is always getting wider.
	So, for wage earners, this is just awfully bad.
	So, I get how obscene it is, right?
	And I don't agree with it.
	And the whole reason I do Brokernomics is to highlight how badly screwed wage earners are and how unfair it is for asset holders.
	And, you know, what you can do about it.
	That's what Brokernomics is all about.
	And yes, I make money from it myself because, I mean, you'd be foolish not to.
	If you can.
	I mean, you just would.
	But that doesn't mean that I agree with it.
	I don't agree with this system, but this is the system that we have, and I'm not in a position to magic it away.
	The only thing I can do is, you know, come into Lotus Eaters and make videos that explain it and run a Broconomic series that explains it.
	So, you know, if anyone's thinking about raging at me in the comments, I get that it's bad, but there's just nothing I can do about it apart from explain it.
	But if you're an investor, you know, happy days, all that.
	What I will end on is, yeah, this.
	So this is sort of the whole net effect that I'm talking about zoomed out.
	You will notice that this is a line that goes up and to the right, but it's not a straight line.
	There's lots and lots of jagged, sort of downward motions in that chart.
	And, I mean, this chart goes up to... it's already ended, so this would have been a few months ago, I think.
	Yeah, but basically, at any point when it was hurtling downwards, it would look very scary.
	And you'd be, you know, lots of articles about, you know, the world is ending and all that kind of stuff.
	But then it just goes up again.
	Because governments spend too much.
	They create too much debt, they have to devalue the currency, so therefore everything gets repriced and so the whole game becomes, as an investor, well if everything's getting repriced how do I put myself into something which is going to come out comparatively ahead of stuff that is going to come out comparatively behind?
	And so, you know, my takeaway message on this is, unless you're a short-term trader, in which case, woe you!
	Well, unless you were short at the time, because, you know, you probably just lost your house if you were long.
	Unless you're a short-term trader, you know, don't worry about it.
	You do you.
	But personally, I will buy the dip.
	And if you're a wage earner, just note that this is woeful and the chances of getting a house will become even more difficult.
	Sorry about that.
	Well now I'm really depressed.
	On that cheerful note, let's move on to something more upbeat.
	Do we have any ramble comments?
	I need it before I do my segment.
	Bald Eagle says, it'll be easy to slash Medicare and Medicaid along with Social Security.
	The Democrats hate Americans in general.
	The elderly are responsible for this whole situation so they can suffer too.
	I kind of get where you're coming from on that one, but the main problem with the elderly is that their parents had the temerity to give birth to them in large numbers in the 50s and 60s, and creating a demographic bulge which, well, we'll watch Brokenomics anyway.
	Callan Knight says, ah, another segment for the Become Homestead propaganda files.
	Yes, actually, the older I get, the more I'm up for just Getting a little smallholding farm somewhere.
	I know what the South Africans are about now.
	Yes.
	And Ridge64 says, question, why aren't you protesting with a bank run?
	Um, because it's not a bank liquidity problem, so it's a, um, it, it's, it's a shifting of liquidity between jurisdictions, so, and the regime is changing, so that wouldn't be relevant.
	So anyway, yes, on to the, on to cheerier news, like Civil War or something.
	So.
	Obviously there have been lots of riots and protests in Britain.
	It's been reported that there have been over 13 towns and cities across Britain.
	And the Labour Party, and Keir Starmer in particular, has focused all of his strong words and rhetoric targeting the white British people.
	And he ignored the evidence of Muslims rioting, and by doing so he's emboldened them.
	He also, it's been discussed at least, wants to prescribe the EDL, which is an organisation that hasn't existed since 2013.
	And even Sky News here...
	I think that would be the preferred option.
	League still exist and could it be banned in the UK but they lead with does it even exist which is a bit it doesn't no it's kind of a bit embarrassing that they're saying the people that responsible for this don't actually exist which is kind of a bit embarrassing shows a bit of desperation perhaps because one or it's very convenient in a way that they don't actually have to do anything and they look like they're doing something I think that would be the preferred option
	I think so so what has this emboldening of the Muslim population actually done Well, they heard about this EDL thing and there were rumors of an EDL protest in Broadusley Green, Birmingham.
	They were basically called to stand guard of the village centre, local shops and hospitals.
	I don't know why people target a hospital to be honest, but there we go.
	So because of this misinformation basically, loads of Muslims went out and Guarded these places.
	So here they are, um, guarding their neighborhoods.
	Let's have a look at this.
	It's not really the Coldstream Guards, is it?
	You know, standing rigidly...
	If you're listening, there's lots of cars driving around, around about very quickly, mainly German cars and mainly expensive cars.
	You know, your BMWs, your Audis, maybe even a Mercedes somewhere.
	But yes, they basically blocked off an entire road and you can see that they're just letting through certain cars, which is in the business called foreshadowing.
	And yeah, this doesn't seem to be guarding.
	There are many people covering their face.
	And because this was, you know, quite a big gathering of people.
	And we're talking about Birmingham in the UK.
	We're not talking about Caracas, Venezuela.
	I thought you were going to say Birmingham, Alabama there.
	And I was just going to be like, thanks Stelios.
	But no, Sky News came and went to cover it and here is what happened.
	There's a van full of police in that McDonald's car park just behind us.
	There are other police cars that we've seen circling the area so I think they are ready to move in should they be.
	We know that Muslim community leaders have been speaking to the police as well because... I think apologies for the language you're hearing but...
	So basically they had to end it and flee.
	Yes.
	The actual journalists.
	The media really don't want to be covering this angle.
	Here they are trying to slash their tyres.
	Which didn't even work, so they're still able to drive away.
	So even when they're trying to slash tyres they're not even competent, which is a bit reassuring I suppose.
	But it turns out that this is the constituency of a certain friend of the Lotus Eaters, particularly of Carl Benjamin, a certain MP.
	Was it her constituency?
	Yes.
	She's Birmingham Yardley, I believe.
	She wouldn't hold that for long.
	She'd be replaced by an Oprah.
	Oh, she won it by 750 votes and the workers party of, you know, what's his name?
	The hat man.
	What's he called?
	George Galloway.
	Ah, yes.
	His party, right?
	Tice shared this and said, Starmer and Labour no doubt think these pro-Gaza masked folks are far right too.
	He's of course referring to the fact that Starmer didn't mention all of the Muslims gathering and rioting.
	And then Jess Phillips says, these people came to this location because it has been spread that racists were coming to attack them.
	This misinformation was spread entirely to create this content.
	Don't spread it, Mr Tice.
	To which I still hold this view.
	This is before any of the subsequent events happened.
	And I said, they were told they would be attacked and so they turned out en masse at that location.
	So in other words, looking for a fight then.
	Yeah, but also the person who told them that they would be attacked was the Prime Minister.
	Yes, well, there is some clarification here.
	So, lots of details of protests across the country were shared, and lots of them were not real.
	And actually, some of them were shared in left-wing circles, more the right-wing circles.
	Oh, a lot more from what I can tell.
	And so lots of left-wingers turned out to protests that weren't actually real.
	You know, the EDL don't exist.
	So if there's information saying the EDL are protesting somewhere, it turns out that no one's going to turn up because it doesn't exist.
	I heard also some misinformation about acid thrown into a woman's face.
	That wasn't recently, but that was previous.
	That has helped amp up the Muslims.
	So, obviously it didn't last long that they were milling about.
	You know, we know they like milling and everything, but they got a bit bored and it turns out that chasing English people is more interesting.
	So here they are.
	Oh my God!
	I'm going to turn the volume off because it's annoying.
	But yes, they're all running towards where they think some English people are.
	Some EDL apparently, but not really.
	So Here is what happened next.
	They began looking at cars, seeing if people were turning up because they were told there would be a protest there.
	They were so scared of being attacked that they had to run out of their way and look in cars that were passing by.
	Look at what happens here.
	So they're stopping cars, they're seeing who's driving them, and that depends on how they treat them.
	And this car, so happens, to get away from a mob of Muslim men that mean to do them harm, had to drive through the crowd.
	It stopped initially, they mobbed it, started attacking it, and then they had to drive through them.
	And it looks like they got away safely-ish.
	But yes, attacking more cars, this is more or less setting up checkpoints in a city that isn't theirs.
	So it carried on as well.
	Here's another angle of the same thing.
	Were you going to say something?
	Yes, I was going to say that this is clear violation of the law and Keir Starmer has emboldened people to break the law because he did the unthinkable as far as law enforcement is concerned.
	He went out and he told in advance that he is going to side with one among rival communities.
	This is unthinkable as far as law enforcement is concerned.
	Believe it or not, yes, breaking cars is against the law.
	Well observed.
	And plus because let's say you know that guy when he was trying to get away he hit a tree or something and they smashed the windows and dragged him out and killed him.
	Police then turn up start knocking on doors and saying we want to identify the people who did the killing.
	Well they won't speak to the police will they?
	They will get away with it.
	Yeah of course because they have a community Focus of not cooperating with the police.
	And we've seen this on the show, we've seen it with the Muslim demonstrations in other areas, where they're literally saying, we don't need you, we can defend ourselves, you know, leave us alone, you're getting in our way, basically.
	That is the sentiment that's being expressed by a lot of these people.
	Starmer's insane escalation of this whole conflict is going to get people killed.
	I don't doubt it.
	He needs to tone it down.
	Not content with attacking random cars passing by, they targeted something that is a vestige of English culture, a pub.
	And I saw a live stream of them going to this pub.
	They were just going around looking for people.
	They were looking for trouble.
	It wasn't that, you know, the pub had given them particular grief.
	It wasn't any particular reason for it, but they began attacking it.
	So play this and mute it a little bit.
	So here they are, all crowding around the pub, attacking it.
	The Clumsy Swan, it's called, in Birmingham.
	There was also a particularly egregious video.
	I shouldn't really play the whole thing because it's a pretty severe beating, but I'm going to basically skip through little snippets so you can see roughly what happened.
	So there's one lone man locked outside of the pub with all the Muslims outside.
	Can you guess what happens next?
	They beat him.
	Yes.
	All of them beat him.
	One man.
	So you can see here they start kicking him, not gonna show it, but eventually he's basically taking shelter under this table and more and more people turn up and are just beating him on the ground when he's lying on the ground under the table trying to hide.
	What did Jess Phillips say about this?
	We'll get to that.
	Hold your horses!
	So yes, The people in the pub locked the doors, otherwise the Muslims would have come in and caused a lot more problems.
	And then the BBC's reporting on this was very interesting.
	So here's Phil Mackie from the BBC.
	There have been some disturbances within the past hour and a half in Birmingham after hundreds of people gathered in the Bordersley Green area of the city following false reports of a march that was planned in the area.
	They at least got That part, right.
	Several vehicles and pubs have been attacked by groups of youths, just groups of youths, who broke away from the main demonstration and were wearing masks and carrying weapons.
	So of that main demonstration, did those people look any different to the people in that Sky News report or the people that were moving through with the cars?
	It all looked pretty similar to me.
	It seemed like it was the same people.
	And they're just calling them groups of youths.
	It wasn't masked groups of armed Muslim men.
	No, just youths.
	And then, to answer your question, Stelios.
	First of all, Liz Truss.
	So it's worth mentioning as well that Jess Phillips wrote a letter to Rishi Sunak because Liz Truss appeared on Lotus Eaters.
	them and Liz Truss says astonishing a home office minister is excusing masked thugs she must retract this statement and the prime minister must urgently commit to protect the safety and freedom of everyone in our country so it's worth mentioning as well that Jess Phillips wrote a letter to Rishi Sunak because Liz Truss appeared on Lotus Eaters so this is Liz giving her a little in return so well done Liz you know sticking off the Lotus Eaters and everything
	it's such a marked example of the difference in culture because these far-right riots that we've been hearing about yeah we don't condone them we don't say that they're a good thing you know criminal damage is never a good thing but what they were doing is is basically you know damaging property It was like hotels and, you know, police centres and stuff like that.
	They were not pouncing on the first Muslim looking chap they could find and then beating him half to death with 20 of them.
	They just didn't do it.
	But this group, that's exactly the first thing they did.
	Exactly.
	So it's also worth mentioning as well that Jess Phillips is currently the Parliamentary Undersecretary of State for Safeguarding and Violence Against Women and Girls.
	The irony of her defending Muslims is palpable.
	She's also had to clarify, to be clear, all day rumours have been spread that the far-right groups were coming and it was done entirely to get Muslim people out on the street to drive this content.
	It is misinformation being spread to create trouble.
	So...
	People have deliberately set up campaigns just to smear these poor innocent Muslims.
	Oh, they're so innocent with their machetes and their, you know, cutting tires.
	And also it's an incredibly patronising view because it basically says that the Muslims don't have any agency of their own.
	They are just simply blank autobotants who can be easily programmed by messaging.
	Yes.
	You're winning me round, Dan.
	And then she also said, this is in response to, do you think that gives them a right to assemble on the street all tooled up?
	And she said, nope, anyone committing criminality should face the law, but it's important that the facts of why people are congregating and how it is done On purpose in order to keep driving this dissent to create content.
	This is obviously a bit of a conspiracy theory because it was just that people were sharing stuff around falsely.
	She probably did it and doubled down or something.
	I'm not entirely sure.
	It's very organized and very ugly.
	I haven't seen any evidence to suggest this and no one else is really alleging it.
	She's the only person I've seen that suggested this sort of thing.
	Look at the first sentence.
	She says, nope, and anyone committing criminality should face the law, but it's important that the facts of why people are congregating.
	She doesn't seem to extend this to the English people.
	No, of course not.
	She doesn't seem to do this.
	And I think that this is very interesting because it all comes down to how they understand victimhood.
	In the minds of most people, The victims are the victims of the murders and the attacks in South Point.
	But in the mind of Keir Starmer and Jess Phillips and woke ideologues, it seems that victimhood is a social status.
	And it means higher class.
	It's like the Norm Macdonald joke.
	I'm worried about New York being attacked by a dirty bomb because millions of New Yorkers will die and the blowback against innocent Muslims will be the worst part.
	I'm butchering the joke.
	Obviously I'm not Norm Macdonald.
	It's preferential treatment, and that is why it's contradictory when she says, on the one hand, everyone who is a criminal should face the law, but on the other hand, she applies this general statement with a double standard.
	So anyway, I need to get through these very quickly, so we can't dwell on it.
	She also said, had spoken to police and pub staff at sites of violence tonight.
	Pub has been visited by lots of lovely community, sending solidarity and locking up for the night as usual.
	So at least, you know, the pub was largely okay, but...
	Obviously not a lot is going to be done to the attackers.
	It's also worth mentioning as well that some Muslims visited the pub last night after it was attacked to apologize for the actions of their community.
	So obviously these people who were there to apologize probably felt a bit different but nevertheless There's still a sizable portion of the Muslim community that are violently attacking English people for being English, attacking pubs for being English, stopping cars in the street for being English, so it doesn't really change anything.
	You know, a few people apologising, well, tough luck.
	If the majority of your community behaves like that, don't be surprised that people aren't going to be hospitable to you, even if some of you do apologise.
	Also, they chased out journalists.
	Here's Fraser Knight of LBC saying that he couldn't stay there because he was chased away and made to not feel welcome.
	Another journalist here, Jane... He doesn't say because he's white, but yeah.
	Yeah.
	Also got chased out of the area.
	So these people, quite left-leaning, right?
	Yeah.
	Got driven out.
	They're saying, hey, this is actually what happened.
	So some actual journalism going on.
	But that is not all.
	In my home city of Plymouth there were protests as well and let's have a look at them because this is all along Royal Parade which is the main place where you get sort of buses internally into around Plymouth and I've spent many many hours sat waiting for buses here that usually don't turn up um also there's a very good bus service that goes out to Dartmoor good day out um but anyway um this was a very big protest
	so you can't really get it from the people walking along here but you can see at this part of the street it's going all the way from the center here along up here And this is later on down the line when there starts to be a bit more trouble.
	It starts getting a bit more rowdy as it gets more crowded.
	I'm going to turn the volume off just because it's loud.
	But yes, lots of people starting to get a bit agitated and we'll see why that is in a second.
	So just to give you a sense of scale, that first video you saw people were walking along down this part of the road if you're looking at the mouse and then that angle was up here and if we have a look at the street view just to show you there's got to be many thousands of people here because all of this area there's not that tent there
	That's a seasonal thing There are people all around here stretching all the way up to the roads.
	It's a big space to fill Yeah, and then they were all the way down there as well and this area where the camera is the the Civic Center Plaza normally has lots of skateboarders in But this was where the leftists were, and Islamists it turns out.
	Ah, nice sunny day instead, that's better.
	So you get a better view here.
	So you can get a sense of the scale, and this is the Guildhall here which becomes important because there is a church behind this, and we'll see some scenes of that in a second.
	Interesting that there's a police car there.
	But, um, back this way is the waterfront area to where you see the lighthouse and you've got lovely putting greens and a bowling green.
	It's all very quaint, very nice.
	It's where all the tourists go and you can sit on the grass and admire lovely sea view.
	Spent a lot of time up there.
	So, first of all, I want to, uh, uh, salute my Plymouth Brethren and say, get on you Janners for this one.
	COMMUNIST SCUM!
	OFF OUR STREETS!
	COMMUNIST SCUM!
	OFF OUR STREETS!
	COMMUNIST SCUM!
	OFF OUR STREETS!
	Are they talking about the police?
	No, they're on about the refugees welcome people at the other side of the picket line.
	Oh, I hate those guys.
	Yeah, but they're just saying you're communists, you're scum, we don't want you here, which is nice to hear from People who are largely not politically engaged normally down that way.
	It starts with pronouns and communism and it ends with biker gangs and violence.
	So it's also worth mentioning that the temporary leader of UKIP, Nick Tenconi, was there.
	He was in Plymouth and... I'm going to play this because the left started launching bottles and things like that.
	They were pointing out that, by the way, it's worth mentioning that they're by the church here, lovely church, and they're stood up there launching stuff at people from the church ground whilst being protected by the police who were doing nothing.
	And in that same area, when people got agitated that they're having missiles thrown at them, the police dogs were It's difficult to tell actually whether they're being used because they still have their muzzles on and I'm not sure whether the dogs were just getting overly excited because you can see...
	The dog goes for him and then the guy pulls him right back and then there's another police dog officer, I don't know what they're called, canine officer who's holding the collar of the dog trying to keep them away so it could just be that the dogs were out of control here because a lot of people were just kind of stood there.
	Well the left is throwing bottles out of control and as you say the police are just guarding them.
	So there were also a few drunk people.
	This guy on the live stream that I watched was constantly drunkenly going up to the police and just being a little bit of a nuisance.
	And there was a sort of view of, we'll give you a little tap if you get too close, but we'll humour you, we won't arrest you.
	He's obviously just drunk and being silly.
	It's the sort of It feels strange to call it a lighter touch.
	There's a big difference in scale here.
	You know, the white guys are getting a bit drunk and having a bit of a wobble.
	And as we saw earlier in your segment, the Muslim guys are basically attacking people en masse and beating them.
	Yes.
	So this guy, I think, was being humoured a little bit by the police.
	And I think that they didn't need to hit him with the riot shield.
	I think that's a little bit unnecessary.
	But it does seem like he was being a bit aggressive.
	But still, I don't think it should have happened.
	And then this, when I first saw it, I watched this happen live, made me feel sick.
	So this is the waterfront, the lovely touristy area.
	And at the minute, they're on the putting greens and the sort of green where people play football and have like barbecues with their family.
	And I'm going to play this.
	So just to tell you what's happening here, the protests have moved up to the waterfront.
	There's the leftists that are being pushed back down to where they were previously protesting.
	And then the right wingers, I think, are following up behind the police lines.
	So the police have then turned to the left and bottles are being thrown over the police at the left wingers to get rid of them.
	And why is that, you might ask?
	Well, I'll wait and see.
	They're shouting along the walkway.
	they're shouting ala hu akbar look they're running past so basically um a bunch of people with knives um shouting ala hu akbar There weren't that many of them because it's Plymouth.
	Plymouth is 95% white and the next significant demographic after that is Chinese, who commit even less crime than the natives do.
	So a place that is 95% white is still getting... So yeah, nowhere is safe.
	So what was happening with the riot police in that?
	I couldn't quite make out.
	We'll get to that in a second.
	So they're slowly pushing them out.
	At least that's what it seems to be happening.
	The white police are trying to push the Islamists back away.
	It seems like it, yeah.
	Okay.
	I mean, that seems unusual.
	I mean, I thought they would just immediately slam a white woman to the ground and stamp on her or something.
	This is a largely white-majority area, don't forget.
	It's amazing what that can do to the culture.
	But yes, the interesting thing is, this guy who's filming then goes and tells a police officer about it.
	There's been reports that two of the lads up there, one in a black tracksuit, one in grey, are carrying knives.
	There's not a lot you can do though, is there?
	I'm just saying, be careful for your safety as well.
	So, he said, there's not a lot you can do really, is there?
	And the riot police were just like, yeah, not really.
	It's like, whatever, just accepting it really, which I don't think is acceptable.
	I don't think you should accept that there are Muslims on your streets with knives chanting Allahu Akbar.
	That isn't an acceptable thing to have on our streets.
	I don't think the police should be saying that.
	I think they should be treating them with the full force of the law, going in, arresting them immediately.
	That's what they should be there for, right?
	So it's worth mentioning other things have happened to Muslims as well that is only going to see a greater reaction.
	So Muslim graves have been covered with white paint in Burnley and then I don't know the origin of this video but it's being shared around anyway of a Muslim man holding an AK saying that he's coming for the EDL.
	I should probably play the audio so you know.
	Bit of a time machine then.
	Yeah I know.
	Let's have a look.
	Let's have a listen, shall we?
	If it plays.
	I might have to refresh it.
	Thanks, Twitter.
	But, would it be fair to say the upshot of your segment is that this thing is not really calming down?
	Yes, it doesn't seem to be.
	In fact, it seems to be ramping up.
	Because most of this is from yesterday, isn't it?
	Yes, it's Monday night.
	EDM!
	I'm coming to fucking blow you away, you motherfuckers!
	There he is.
	Lovely culture, gentlemen.
	But yes, I basically watched all of the events, both in Birmingham and Plymouth, all night last night, from start to finish, and my sort of takeaway from it is that in areas where the Muslims are a majority or a significant portion, they are going to be A violent menace to any native British people they come across.
	That's what seems to have happened in Birmingham, where they indiscriminately attacked random British people purely for being British.
	It was just us versus them.
	And in areas like Plymouth, where they are vastly majority white, it seems like the Muslims are in such a small proportion that, you know, a few people lobbing bottles at them can drive them away.
	If that's what happened, it's difficult to tell with the graininess of the footage.
	But I mean I'll just say this again, Starmer's deliberate escalation of this and giving the Muslim, the belligerent Muslim community a pass to do whatever the hell they want because they would not be policed and only the other side would be has led to the inevitable escalation and it is going to get people killed.
	It will.
	What do you think Stelios?
	I just think that this is not a kind of society that any person would want for their kids.
	No.
	There is the meme of the person who stands in front of Rome burning saying, you know, but how does it affect me?
	I think some people may think this way, but if people think of having kids, they don't want this for their kids.
	So I don't want to live anywhere.
	It doesn't matter where it is, anywhere on the planet where Just gangs just can go out and just indiscriminately start hitting people because the prime minister or the main politician of that country took a side with Whatever Gant, in advance, as far as law enforcement is concerned.
	It's just, it is absolutely regressive.
	It shows entirely arbitrary governance.
	And this is why I called so called progressives actually regressives.
	They're taking us back to centuries ago.
	So my sort of takeaway is that there's going to be a tit for tat exchange in violence, which is going to escalate.
	And I don't think that this is going to end anytime soon.
	We go to the rumble comments?
	Sure.
	Sorry for going a bit long there, I had a lot to get through.
	It's not every day that your country burns, is it?
	I mean, it's a topic that is ripe for discussion.
	So, Ridge64 says, wrong segment, they pay foreigners for free stuff with the fractional reserve system, take it away from them with a bank run.
	Tombolo says, what's Darma doing to ban the Spanish Armada?
	Can the coastline be guarded from these far-right invaders by the MDL?
	Well, Plymouth is a very important place You know, we defeated the Spanish Armada there once in a very resounding victory.
	We can do it again.
	Access the Eternal, I've never seen a white versus non-white fight that was fair 1v1.
	They always come in a gang, get cheap shots in the back of the head and all run away.
	Don't engage in street fights or turn your back.
	No, I wholeheartedly agree.
	Don't engage with these sorts of things because it's incredibly dangerous.
	You know, you get hit in the head, fall over, hit your head, you're dead.
	I suggest you read some of them before you say them.
	Which one's naughty?
	No, just be cautious.
	Okay, Islam is not just a religion, it's a creed, a political party, a mob all at the same time.
	It can't be changed.
	Same goes for many of its followers.
	Keep calm and carry on.
	That's what someone said.
	Someone else says, I fled years ago to the Peak District, which itself is getting worse, but that pub from the video in Birmingham is my dad's local.
	The people who did that are probably his neighbours.
	It's horrifying.
	It is horrifying.
	And thank you for the donation.
	Yeah, hope your dad's okay.
	That's Random Name says, just a reminder that the...
	I can't read that.
	Sorry, that's a random name, but that'll get me in trouble.
	Even though that is fair, but the subtext is obvious.
	Keir's actions are like those of Palpatine.
	Increase the escalation to then give yourself temporary emergency powers and then become the first Galactic Emperor.
	Looking at you, Klaus.
	What is Order 65?
	What was it?
	I think that's ban the EDL, isn't it?
	Order 65?
	No, what was the Palpatine?
	Execute Order 66.
	Yeah, 66.
	Okay.
	Kalev Knight says... Samson was not happy.
	Before Leadflies, could you bring back full plate armour?
	I mean, I just want more suits of armour more generally.
	But anyway, sorry Stelios, I've overran.
	I have stuff here.
	Never mind.
	It's not working.
	I've thrown you off.
	It's not working.
	Here, I'll give you my mouse mat.
	I bestow upon thee my mouse mat.
	Let's see if it works.
	Right, it does.
	Okay.
	There you go.
	Thank you.
	For a second, everyone, here it is.
	I'm looking forward to this one.
	This is going to be a good one.
	Right.
	So we live in very ironic times.
	The project of European integration and European solidarity is marching on, and it seems very successful.
	But the irony is, it's very successful among the European patriots, among those who call for national sovereignty, those who wave their flags proudly, the people that you wouldn't expect to promote European solidarity if you watched just mainstream media.
	Here we have an interesting post from Visegrad24 about the percentages of respondents from European countries who want less migrants.
	And if you see here, you'll see that almost everyone says it's too many.
	Isn't democracy wonderful, Stelios?
	That almost everyone is just like, yes, a significant portion as well.
	Yeah.
	Averaging at about, what, 70% maybe?
	And the parts that are slightly less in favor of it are parts that receive far less immigration.
	Yes.
	The politicians are the direct inverse of this.
	Yes.
	And one thing to say about democracy really quick is that democracy to work requires a common culture.
	Democratic multiculturalism is a very weird thing.
	It's a contradiction in terms.
	Doesn't he?
	And it's actually a very prophetic quote and Aristotle's sort of on the money that you can't have democratic rule if you don't have a native culture.
	Exactly.
	And he does say that tyrants are tyrant.
	Those who are going to side with foreigners against their own people are just going to let this hanging.
	That's Aristotle from politics.
	Right, so you see here Spain is a country of first reception, it's 70%, Italy 74%, Cyprus 84% and Greece is 90%.
	Well that's because Greece is right on the front line, you're like the... It's like Osgiliath!
	You're like the Spartans at Thermopylae, aren't you?
	They're holding off the hordes of barbarians.
	Yes.
	So we had some very interesting scenes of people coming together these last few days.
	People that we wouldn't expect to see them together.
	So here we have very moving scenes by people who wave Irish and English flags and also Union Jacks.
	It's the Northern Irish flag.
	Yes.
	Would you expect to see this?
	I didn't expect to see this.
	I have seen this video, but before this I thought that this was unthinkable.
	I think it's one of the most heartening things about everything that's going on at the minute, is that in Europe at least, all of the patriotic people are siding with each other.
	You know, in France, the Netherlands, Germany, England, Ireland, we're all sticking up for each other.
	And we're saying, we want you to have your own countries.
	We've realised that our differences are not so stark compared to those of the people being imported into our countries.
	Actually, we realised that we can coexist with other Europeans, that Europeans and other Europeans We're fine, right?
	Yes.
	Take the French, for example.
	They are, of course, based via occurs, but I want them to persist.
	You're not helping.
	No, no, no, I am.
	It's part of the banter.
	Yeah, despite the fact they are, of course, the ancient enemy, I still want them to be there, doing, you know, in France, doing the French stuff.
	I think there's this level of sentimentality that also Americans and Canadians and Australians have for Britain, and of course vice versa.
	I've got a lot of fondness for those countries as well, and I want you all to succeed because Many of the people who watch this show are some very lovely people and you don't deserve to live in a country that tyrannizes you.
	Exactly, so what I'm going to do with this segment is I'm going to show you a lot of European solidarity among nations and we are going to talk a bit about the notion of European identity because European identity can coexist with national identity without having to squash it as multiculturalists are saying, especially those who run the EU.
	So we have here trouble in Ireland.
	There was civil unrest there.
	You have the police was again about to crack down protests against mass migration.
	The same thing that we see over here.
	Do you have the clip?
	from Northern Ireland where you have the woman speaking on a tannoy saying live rounds will soon presume please disperse from the area in the most dystopian thing I've ever heard.
	Live rounds would imply real bullets.
	I don't but I'm gonna have it here and it seemed like that seemed like a Psyops video because it was just basically a square with a very small square covered with four With vehicles from four sides, and essentially there was no one there to walk.
	Well, I did also find, I think it's that video in the top right there, if you can click on it.
	This one?
	Yeah.
	This one.
	Yes, where they're throwing molotovs at the vehicle, and then eventually they say, can you leave?
	It was very... Attention, attention.
	This is a police message.
	The crowd should disperse immediately.
	A force is about to be used against violent individuals.
	This is like an elevator voice.
	It's so dispassionate.
	That's the exact voice that you get at Heathrow Airport, I'm pretty sure.
	To be fair, if someone used force against me at Heathrow Airport, I'd just be like, oh, finally, put me out of my misery.
	Here we have Union Jacks and Irish flags held up together outside City Hall.
	Huge symbolic significance.
	This will cause more concern to any globalist government than rioting or public disturbances.
	People standing united equals power.
	I think that this is really important because You see, I think progressivism is basically a divide-and-conquer strategy.
	If you abstract from the particular beliefs that some progressives have right now, it is a divide-and-conquer strategy.
	And you try to play divide-and-conquer against a potentially or actually united front of people who can be a threat to your Well, the intersectional ideology is like how you maximise that strategy, isn't it?
	Because it's like race, religion, blah, blah, blah, blah.
	All the demographic categories get their own special treatment and all it does is fracture people into smaller and smaller groups to be controlled.
	Exactly, and we are constantly bombarded by the message that civil society, European identity, and European culture is irredeemably bad, and it requires a massive state to intervene and allow room for people to breathe.
	But that in practice means that we have European governments who are essentially trying to squash national identity and the people are not having it.
	So we see here also in Belfast Irish and British nationalists are standing side by side protesting against mass immigration while the left tries to shut them down.
	Tricolour and Union Jack on one side, rainbow flags and antifa flags on the other.
	And Palestinian ones.
	Yes.
	The Unholy Alliance.
	That's interesting because if you bear in mind the notion of European solidarity has been almost entirely used by the left.
	Almost entirely used by progressive multiculturalists who really despise national identity within Europe.
	Whereas they seem to promote the interests of identities from outside Europe.
	So I've been toying with the notion of simplifying all of my political thinking down to the level of decent human beings versus dysgenic perverted freaks.
	I don't know if I would put it in those terms, and I don't think these categories help, but I think that it's ultimately cultural.
	It kind of looks like it there, doesn't it?
	You could say that among European cultures, you have a lot of cultural continuities.
	There are some cultural discontinuities, but for the most part, a lot of European cultures are continuous with each other, in a way that they're discontinuous with... But good-looking people versus perverts and freaks?
	I mean, it does seem to be the root of all of the left-right division, doesn't it?
	Well, I don't know.
	Well, let's see.
	We have this post here by Killian.
	Keir Starmer has only been in office for one month and already there's been Roma gypsies rioting in Leeds, children fatally stabbed in Southport, and now riots across the UK, with Catholics and Protestants uniting against him in Northern Ireland.
	He won't last for much longer.
	So the people are not having it.
	The rhetoric of division, of hatred, of the irredeemably bad people within Western countries, it just doesn't convince people anymore.
	And here we have a lot of people from Vienna, July the 20th, campaigning on this message.
	The kids want re-migration.
	Now, from the European authorities, the EU authorities, the bureaucratic ones, this is portrayed as a racist message, but people are fed up with this idea.
	They're fed up with the notion that if you just care about the safety of yourself, your kids, and your family, and your neighbors, and also your compatriots, you're a bad person.
	It's completely annoying, tiring, and no one cares about it anymore.
	We're going to see this message a lot more because ending immigration is not quite enough because the level of migration already here is indolorable.
	Yes, and you can say that a lot of people who should be deported aren't deported on the basis of fake and phony abuses of the rhetoric of human rights.
	And many countries have done it before.
	India did it.
	They kicked out people who weren't Indian.
	Dan, you see here the French are trying to post something to your liking.
	England for the English, France for the French.
	Do you approve this message?
	Yes, that is correct.
	Well done, you French people.
	Yeah, we have in Toulouse, in France, solidarity to the victims of the Southport stabbings, to the victims that lost their lives because there are more victims.
	And they have posters there in Toulouse saying, European lives matter, Southport... I don't see what... Can you imagine what you'd get if you put up a post like that in this country?
	You'd be in jail for like five years.
	Yeah, well, stickers is enough, apparently.
	I think that a lot of people are using that rhetoric even more because the demonization of civil society is just making people more angry.
	It doesn't make things less angry.
	And we saw by Keir Starmer's address that he wasn't remotely interested in de-escalating the situation.
	No, he's very interested in escalating it.
	See, we also have here another post by someone from France.
	He's talking about the beginnings of racial civil war in England.
	In England, he says, "Hordes of migrants attack natives with politicians and media along with them.
	The native people are left to fend for themselves, as in France.
	The European people must react or die.
	So there is a sentiment of European solidarity on the basis of a common threat.
	This is a bit unfortunate that sometimes, you know, people recognize what common they have when they have common threats, but that's human nature, that's history, and that's where we are right now.
	So, we are going to talk about some patterns, some patterns that we notice among a lot of European nations, and I'm not afraid to notice them, and I'm not afraid to speak about them, and you will see that essentially you have people talking about the same thing, about crimes, and you have a whole establishment using media and all other institutions trying to quell
	Trying to use a narrative that is going to steer the direction yet again towards an empty, abstract multiculturalism that erodes national identity, erodes any kind of identity, and treats nations as geographic regions.
	We have here some, we are going to talk about Ireland, France, and Germany.
	And we are going to draw some similarities.
	So here we have This is old news.
	This is from November 25, 2023.
	We have by Colin Rugg, Irish Prime Minister Leo Varadkar vows new hate speech laws in response to the Dublin riots after a migrant stabbed multiple people.
	What a coward!
	So again, we have the same thing.
	We have stabbings from someone from a migrant and we have a whole apparatus of political leadership that goes in virtue signals Compassion, but compassion in words that doesn't translate into action is fake compassion.
	The response to these attacks where you're definitely not going to think of this in any way that suggests that our project of multiculturalism is to be criticized or rejected.
	Personally, I reject it and criticize it.
	So we have here again the apparatus in the Irish Times started talking about The far right and the right and how this is going to be projected.
	Now one thing to say is that the Irish people have said no to migration multiple times and they had also referendums on the 8th of March and a lot of people were saying that they weren't about migration but you can say that they are because what happened is that
	They had both the family and the care referendum, and they lost 67% on the first one, on the family amendment, and 74% on the care amendment.
	Now, let me say why this can be about immigration, and this was precisely going to be used about mass migration.
	Because what they try to do, if you look at both referendums, is essentially create a facade of legitimacy for arbitrarily defining who requires economic support, arbitrarily defining who is a member of a particular family, by defining families as durable relationships. by defining families as durable relationships.
	So that was all about creating a facade of legitimacy for arbitrarily extracting economic resources from the Irish people in order to host a lot of immigrants that come to Ireland with all the mass migration policies that the EU is being promoting.
	Now, here let's go to France.
	In France we had a very unfortunate incident last year.
	This is horrific, this one.
	8th of June, 2023.
	I remember, you know, everyone was sick when we watched it.
	It was just horrific, as events are now.
	And if, obviously we're not going to show things because they're very violent, but we had one person who went, a 31st year old Syrian who had refugee status in Sweden and tried three times to gain a sort of status in France, but was rejected and went in the park and stabbed A lot of... He was just running around stabbing children and babies.
	Yes, and the response here was just insane.
	We have here people saying, this is David Moore saying, this is not an immigration issue.
	This is about the appalling knife epidemic in France.
	Did you know that a man who was born in France once stabbed someone?
	So what What this illustrates, and a lot of people who are uninitiated into the ways of argumentation do, and especially leftists do it, is ignoring the distinction between possibility and probability.
	Yes, of course, there are people who are natives and they stab other people who are also natives or non-natives.
	The question is one of probability.
	And I want to, Josh, explain it here.
	Hey, it's me.
	So here we have one of the big moments or one of the interesting... This has been shared far and wide, yes.
	Do you want me to read it?
	No, could you please tell us what someone, Tariq Nasheed, couldn't understand the idea of over-representation of some... So, he was saying, cherry-picking black crime articles to repost on Twitter all day to justify a pre-existing anti-black hatred as a form of white supremacy, and I just posted some FBI crime statistics at him.
	14% of the population and 51.2% of murders and 52.7% of the robberies, the numbers don't lie.
	Saying, hey, it's not people misrepresenting cases, it's statistics.
	And then what followed was quite possibly the dumbest reply he could have possibly come up with.
	So Josh, how is that logistically possible, not logically possible, logistically possible, that only 14% of the population can commit over 50% of the crimes?
	Well, Tariq, let me tell you.
	So can we just establish that he isn't being ironic?
	He's not, because he continued not to understand it in the replies.
	I don't understand how you could not understand that.
	Well, all of his followers also didn't understand.
	They couldn't understand that certain people can be more violent than other people and commit more crimes despite being fewer people.
	They just see one number bigger than the other and they think that that means the bigger number is the badder one.
	And you will see that basically the narrative of the multiculturalist regressives, or so-called progressives, is essentially to publish these data, not in every country, but publish this data in order to steer the narrative, to give only an economic Interpretation.
	Poverty does play a role in crime, this goes beyond doubt, but it is not the only factor.
	And you could say that sometimes some cultures are a bit more prone to violence than other cultures.
	And the narrative that is being used for them, that is solely economic, again boils down to, we're going to extract resources from you in order to give more money.
	Let's pump more money into these communities.
	So we have here, again in France, we have a display of compassion.
	France Security Assembly, hold a moment's silence for those involved in the stabbing in Annecy.
	This reminds me a bit of Projecting the pink colour or the purple colour in Westminster?
	Oh, after the Southport attack, when Keir Starmer just lit up Downing Street in pink.
	Yes.
	So, yes, there are displays of solidarity, but at the end of the day, that's all rhetoric.
	Unless it is accompanied by action, It doesn't mean anything.
	And we had here, yet again, the same thing.
	A lot of articles were immediately written.
	This is from Le Monde in France.
	French right and far right jostle for political advantage following knife attack in Annecy.
	So the first concern, the main concern people had there is for the right and the far right to not try to use it for their own agenda.
	I think that this is appalling.
	We have here someone saying, children and elderly are stabbed in Annecy and Islamophobia is trending.
	It is not Islamophobic to not want children, elderly, women, or anyone stabbed to death because they're not of a certain faith.
	And this shows the disconnect between the elites and the people.
	A lot of people just don't feel safe.
	They don't feel safe and every time they're Talking about it, every time they try to express their feelings of lack of safety, they're being told, you're a racist.
	You don't matter.
	Your voice doesn't matter.
	We have here another perspective.
	This is what happens when you bring in people who hate you.
	This is the vast disconnect between how a lot of people are viewing things and how a lot of people from the managerial elite class is trying to convey.
	Here we have yet another stabbing incident in Germany.
	Dan, you remember this?
	We presented about it together.
	We had a horrific attack.
	from a what seems to there to be a political Islamist to Michael Sturzenberger who is someone who is basically campaigning for as it says there decades of campaign to oppose political Islamist and there was just someone who just went there and stabbed Michael Sturzenberger and then there was a fight there and there was a policeman that was
	Tried to intervene and the policeman got stabbed.
	Again, we have here a post by Imtiaz Mahmoud.
	The same thing.
	People started talking about the far right.
	In Mannheim, Germany, a young police officer, L. Reuven, I think was his name, was murdered by an Afghan Islamist, Suleiman A., and five other people are injured.
	The reaction in Mannheim is a demonstration against the right.
	Germany has fallen.
	Here we have what happened to someone who did speak about statistics in Germany that the police circulated.
	That is May the 8th, three months ago.
	We have here a young AFD politician convicted after publishing gang rape statistics in connection with Afghan migration.
	And basically she was fined and she was essentially persecuted.
	For what?
	For actually talking about official data and giving an interpretation that is different from the economic, the strictly economic one.
	I mean to cut it down to the nub, she was convicted for telling the truth.
	Yes, and we have two more things to say that shows that the rhetoric of escalation between the governing multiculturalists and the people who are not having it is essentially Not going is essentially leading to a crisis of legitimacy.
	And this is a this is a problem.
	Because for now, all public discussion about this has sort of lost its currency has lost its meaning.
	Because when they're constantly smearing the people as far right for caring about the safety, they when they smear them about as far right becomes a question.
	What is the far right?
	Why do they never Why do they never define it?
	They don't define it as... They can't define it.
	We have here a classic video by Helen McEntee who just can't define it.
	She accuses people of being far-right, but when they ask her, well, what is the far-right?
	She can't explain it.
	This is up there for everyone.
	This has basically been immortalized.
	And I want to say something about the UK, about Stormer's rhetoric of escalation now and his unfortunate choice to dismiss the concerns of the English community about the murders.
	And by calling them far right, he basically achieved the exact opposite of what Possibly someone rational, in his case, would presumably want.
	And the more you call people far-right, at some point, they're eventually not going to care.
	If far-right means to the left of Marx, then people are not going to care anymore.
	And people have lost care anymore.
	And you see here, if you write the hashtag that circulated on Twitter this weekend, the far-right thugs unite, You have a lot of people who are just going and say, apparently I'm a far right racist thug.
	I want to, and you can scroll down here.
	This is endless.
	You have people just saying, well, here, you know, apparently I'm a far right thug.
	You have endlessly people just saying, well, I don't care about it.
	You know.
	Well, all this is doing is unifying people internally in Britain, which in turn unifies them with the rest of Europe and creates a popular movement against immigration, which we so desperately need, don't we?
	So, ironic times, European integration and European solidarity is marching on and Europeans want to make Europe great again.
	Right, let's look at the Ramble Chat.
	We have Caleb Knight.
	Hi, I'm one of those who stopped caring.
	It's difficult not to stop caring.
	Axe is the Eternal.
	An idea.
	Care and government may not want things to calm down.
	Increased violence will give them an excuse to pass a raft of tyrannical legislation.
	It has happened before.
	The MDL may be the arm of the state.
	Well, These are some legitimate concerns, I think, because when people are... essentially, a lot of politicians who think this way, they never want to let a crisis go to waste.
	I think they would also struggle to actually be that tyrannical, because they're so incompetent that their tyranny is only going to harm them if they do it.
	They're not going to be competent enough to pull it off.
	We have from, that's a random name, there is no such thing as orcophobia.
	It is perfectly sensible to want your nation to stay the way it is and to not turn into murder.
	Okay, if we just scroll down a bit, we have from Caleb Knight.
	Finland had a whole political party that translates to Baseline Finns, which got to your average slander, but I'm weird, so out of the loop here.
	Right, Josie Angels.
	Aged Finns.
	Yeah.
	Only humans can withstand the Gom Jabba.
	That's a nice reference.
	And we have here from, oh, PH UK.
	Funny how the red in that chart of Europeans who think immigration is too high is way less threatening that the red used by the climate alarmists.
	It should be green.
	And by Al Mithun, will the UK citizens ever have the right to bear arms, ever have the right to castle doctrine?
	I wish, but I think it's unlikely.
	Yeah.
	So we have two more.
	We have from, that's a random name.
	This is a Lord of the Rings reference.
	I never thought I'd die fighting side by side with a Republican.
	How about side by side with a friend?
	I could do that.
	Base Gimbley before storming the black gates of Mecca.
	And that's a random name to add to what Dan was saying.
	You have elves on one side and orcs on the other.
	The choice is crystal clear.
	Be an elf, not an orc.
	Our ancestors had empires when theirs didn't have the wheel.
	Yes, that's what I wanted to say, that comment.
	Another Lord of the Rings reference.
	Let's go to the video comments.
	There are, of course, those who do not want us to speak.
	Men with guns will still be on their way.
	There's chances that... Why?
	Because while the truncheon may be used in lieu of conversation, words will always retain their power.
	Words are for the means to meaning, and for those who will listen.
	The truth is, there is something terribly wrong with this country, isn't there?
	You now have sensors and systems of surveillance coercing your conformity and surveilling your submission.
	I saw a video, that video there, of a man who didn't sound like the sharpest knife in the drawer.
	And yeah, they were saying, we're arresting you for something you're putting on Facebook.
	And it's like, oh, OK, on Facebook.
	Yeah, you've got to come to the station.
	It's like, can I bring my medication?
	Yeah, yeah, we can get that sorted.
	You could tell that they didn't feel like, the police officers that is, like this guy was a particular danger.
	They were almost saying it with a sorrowful sort of voice.
	They still did it, obviously, but it just goes to show that this isn't actually making your country any better, is it?
	And I don't think they have said what he said.
	No, they didn't.
	They said they would tell him once he's at the station, which is interesting.
	Let's go to the next one.
	Sometimes I get frustrated that North Americans do not stick rigorously to the unwritten rule of men's toilets that one does not talk while in them.
	However, reading a wee on Friday, I went to the loo at work and noticed a new machine in there.
	Some moments later, a fellow Brit sauntered in, saw the addition, and exclaimed, what the... am I seeing double?
	I had to answer him, we live in a clown world.
	Some months ago, we had a new head of HR join who came from Portland.
	I knew when I saw her that this would be the result.
	I've got a comment, but I really don't know if I should make it.
	Go on.
	Do it.
	My understanding is that there's some segment of the men community who might have use of... Ah, I get you.
	I'm sure what you actually mean, Dan, is that when men are being manly and they're getting into fights, they're really good for blocking a broken nose.
	Yes, if you've got a bloody nose or something.
	Yes, not anything else.
	It is my hope that this time next year I will be camping with this man's family at a lake in Wisconsin with my girlfriend.
	More and more it feels like I'm going to get drafted into World War 3.
	I guess all I can really do is just keep writing my book and hope that I get it finished before then.
	Send it to us to read it.
	Yeah, you'll be fine.
	I don't think there's World War Three coming.
	Enjoy your camping trip, but you could always do what they did in the Vietnam War and sign on to be a journalist.
	Just before we move to the next video, I think we can take some extra time to read some of the comments.
	We don't have something after this.
	Okay, let's go to the next one.
	Currency bagged by geese.
	In the 30s, due to German embargo of our only export, which was geese, we had such a surplus of them that people traded them for goods and services between each other.
	Eventually, the National Bank of Lithuania issued 300,000 notes that served as money and could be traded for a goose.
	I quite like the idea of denominating things in geese.
	I would rather trade in geese, to be honest, because at least with a goose, you know, it's an asset, but it also produces things.
	How much is that?
	That'll be two and a half geese, please.
	We need a goose standard.
	Also, goose eggs are nice.
	Also, goose... Geese... Is it geese or goose?
	The plural.
	Geese.
	Geese.
	Yeah, I think they're a status of luxury.
	Samson is spreading disinformation.
	They're not goose eyes.
	This sounded a bit Japanese.
	Right, let's go to the next one.
	I have a peaceful pushback idea anyone can participate in.
	Remind Keir that he doesn't have the mandate he thinks he has.
	Tell him that he won election with fewer votes than labor lost with in 2017 and 2019.
	Even by percentage, he has nothing to be proud of.
	In 2017 and 2019, they lost with 40 and 32 percent.
	2024, they won with 33 percent.
	And yet, he has the gall to hatefully attack, with words and violence, the majority of the population.
	Well, the current iteration of the democratic system just allows a small population of people to tyrannise the rest.
	And it puts a nice veneer on it and makes it seem legitimate, but it's actually just as tyrannical as any other system.
	Right, let's go to the... Okay, that's it.
	So, shall we go to the comments?
	So, we have one before Dan segment by John V. Definitely worried about my stocks.
	Question for Dan.
	What is your opinion on fixed index?
	Well, they're not for me because the problem is so much money has gone into the fixed index trackers that basically there's an increasingly large premium for people who pick their stocks because so much of the money is dumb money.
	So, I mean, if you don't know any better than fine, go for it.
	That one isn't for me.
	Risto Ritana says, market crash.
	Me, can I buy a house now?
	Dan, no.
	Yes, unfortunately.
	That is it.
	That's mixed.
	Mixed response.
	James No One says it's a great time to be buying gold.
	I mean, gold's nice and stable and fine and I've got some, but the problem is that The money is debasing around 12-14% a year and gold does not tend to go up that much so you tend to end up slightly underwater.
	I mean it just about holds its value which is kind of its job but again not quite for me.
	Return to tradition and get a nice gold torque so you can have all of your assets around your neck so when the collapse happens you can travel nice and safely.
	Like a bling Indian man, that kind of thing.
	And be stylish.
	Yes.
	Yeah, well, it's Celtic.
	RuTheDay says, I mean, we're running low on time, so I have to paraphrase, thoroughly enjoyed Dan's crash course.
	He's as brilliant as the sun and so good looking I can't look directly.
	That sounds like the sort of thing that DragonhawkLady would say.
	That's definitely what that said, yeah.
	Yes, thank you very much, ladies, in the chat.
	Norman Bates is stalking me.
	Says, share prices decreased means the shares were overpriced by speculators.
	No, don't really agree.
	They are denominated by the flow of liquidity that's available in that market.
	I would say is a better one.
	Iqbal Mohammed says, well luckily I don't have any assets to lose.
	Thank goodness I'm poor.
	Yes, you have cleverly got ahead of the system on that one.
	That's my position as well.
	Blah blah blah.
	George Hap says they called me mad when I buried my gold on remote island.
	The only economist I follow is Long John Silver.
	Yeah, it's all very good.
	Oh, no, that's out of mine.
	Over to you.
	Me?
	Lars Peter Simonsen says, can we just start labelling everyone who puts a boogeyman of the far right as conspiracy theorists?
	I couldn't see it sticking.
	You can if you want.
	Calling leftist names is fun.
	I won't discourage it.
	However, I don't think it will achieve much.
	But you're more than willing to try, and I'll probably enjoy it.
	Spastic terrorist, what a name.
	You really don't hate the Labour Party enough.
	You think you do, but you really don't.
	They hate the working class more than we can imagine.
	That is true.
	They're gaslighting them and subjecting them to some of the worst living conditions in, you know, living memory.
	So Thane Scotty of Swindon says, this information was spread to make Muslims turn out in force and therefore look aggressive.
	So the Left Defence's Chexnotes, the Muslim community consists of gullible, retaliatory dipsticks.
	Yes, that is what the Labour Party said.
	Ewan Baker says, WTF, they blanked off the bit of the guy doing trigger fingers.
	Yes, he does this to the camera.
	And one final one.
	Michael Brooks says, I think we need a prepper cast to show people how to grow food and filter water.
	Right.
	Oh, we've got some news in.
	Kamala Harris's VP pick, according to one of the Rumble Chatters, is officially Tim Waltz, former House representative from Minnesota and governor of Minnesota, also ex-military.
	Seems boring.
	I'll just double-check that.
	Minnesota is a must-win state for her, so yeah.
	And I think he's got quite a good ground game there, so I can kind of see what she's doing there.
	That is true, as of 27 minutes ago.
	Right.
	And should I go with my comments?
	Of course.
	Okay.
	So we have from Thane Scotty of Swindon, there was a time, I think World War II, when a Frenchman said to an Englishman, we are ancient enemies, but in hard times, firm enemies must become firm friends.
	To that end, I can't pronounce it, but I think it's a good thing.
	Okay.
	Norman Bates is stalking me.
	Stelios, it's ironic that Blair has created a United Ireland.
	A United Ireland against Blair's race replacement policies.
	Kevin Fox, ah, the old, all Brits are racists and fascists.
	And from the same people, you can't accuse all Muslims of being violent because of the actions of a small few.
	The cognitive dissonance is strong in the leftists.
	Yes, it's just...
	Complete double standards, and it's good to expose them.
	And Rose Ganella, was Star Trek right?
	Is 2024 the year of Irish unification?
	I wouldn't go that far.
	Right.
	On that note, we have run out of time and we are gonna be back tomorrow at 1pm.
	Join us and have a good time.

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