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Feb. 4, 2025 - The Podcast of the Lotus Eaters
01:35:36
The Podcast of the Lotus Eaters #1093
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Music playing Music playing Good afternoon ladies and gentlemen Welcome to the podcast of the Lotus Eaters for Tuesday, the 4th of February, 2025. I'm joined by Dan, and today we're going to be talking about the doge and how it's getting things done, how the Democrats have learned nothing and are unable to change their course,
which is obviously great, and how one Democrat activist judge has completely screwed the pooch and is becoming a hero of the right.
Unintentionally.
Of course.
So, wonderful news.
Of course, if you want to support us, go over to lowseeds.com, sign up, £5 a month, keep the lights on, etc, etc.
And without further ado, let's check out what Doge has been doing.
Yeah, so let's chat about how Doge is getting on in these early days.
We've had some interesting wins, some eye-opening announcements of things that they've found so far.
It's early days, but I thought we'd get into it, because, you know, juicy topic, can't wait to get into this, one of the most exciting stuff going on.
Here's the executive order.
We took a look at that, whatever it was, a week or two ago when this first came out.
So there we go.
Doge has been established.
And the way they did it was a bit clever.
It was going to be this new sort of advisory body that didn't really have any links or power.
And what they ended up doing was taking over, what was it, the United States Digital Services.
So that is a little agency that is basically embedded across the entire US government.
So it's already in everywhere.
Looking at the data stuff, it's already got offices, payroll, cleaning staff, all the kind of back-end stuff you want to get up and running.
And they've sort of taken this over and put it into effect.
Now, they still don't have, as of themselves, decision-making power.
So they can make recommendations.
But again, the way that's been solved is they're going through something called the Office of Management and Budget, the OMB. I can't see anything going from Doge to OMB and getting pushed back.
I mean, they've clearly been told, you know, whatever comes through, just...
Trump has instructed them to rubber stamp it.
Yeah, blast everything through.
So effectively, they have got exactly what we were hoping they would have, and what everyone was saying was impossible for them to have, which is these teams, these kill squads, that basically just go in and start annihilating bureaucratic jobs and functions and spending everywhere.
Yes, very positive so far.
Now, it's also quite clever how they've done it.
So, they've basically structured it into these little teams.
These four-man teams.
So you've got a leader who's kind of your decision-maker, your Hannibal from the A-team, who kind of figures out what it is they're going to do.
They've got a data engineer, and that's good.
Well, I mean, first of all, I suppose if you're going with the U.S. Digital Services, I mean, you kind of want to do that.
But it fits into the whole tech bro takeover of the U.S. government thing that we're witnessing, so that's very cool.
But they can do interesting stuff, like go into the systems and see, okay, Out of our workforce of whatever it is, like 100,000 people, how many of them actually send emails or log into the system or do anything at all?
Turn up at the office.
Yes, turn up at the office.
That's a good one.
How many people are actually doing anything?
So they can very quickly identify who is just basically on the payroll, maybe working a second job, something like that.
Third member of the team in the LA team is an HR person.
Basically, the executioner.
The person who possibly softens the blow somewhat.
Well, hopefully not.
Yeah, hopefully not.
But, no, you want your axemen sharp and ax to be sharp.
So, I mean, they're basically navigating, you know, how can we do it?
So the leader says, yeah, we need to get rid of basically all of them.
They figure out, you know, okay, how do you actually do it without falling foul?
Because, you know, you're going to have activist judges all over this.
Those of employment laws, et cetera, et cetera.
All that kind of stuff.
And I think the Biden regime in the last few days, they kind of did everything possible to make it as difficult as possible to fire people, but they're just blasting through all of that.
And the last one is a lawyer, because with government, there's a whole load of, we call them statutory functions over here, but basically stuff which is mandated by statute or law or something like that.
So you need to be a little bit careful when you're unpicking something that you're not...
Basically doing anything illegal.
So there you go.
You've got your four-man team.
Now, I actually quite like this four-man setup because it's kind of the perfect size for getting shit done.
Because anything bigger than that and you start finding that you can't get everybody together.
But a four-man team, that's probably the maximum size that you want for really quickly going through and making decisions.
It's a tight executive team.
Yes, it's tight throughout.
Why is this important?
Why is the work that Doge is doing so important?
So this is US federal government spending.
Now, you'll notice that it doesn't look particularly good.
I'll divert your attention in particular to...
Let's have a look at this.
So here we go.
2019. The federal government was spending £4.5 trillion, which is quite a lot of money.
That is.
But it's manageable.
I mean, I know it wasn't...
I'm over-egging.
It wasn't quite manageable.
It was getting unmanageable slowly.
Yeah.
Now it's 7.2.
As you can see from this chart, basically it went through the roof after 2020. It's been a long, slow climb upwards, though, hasn't it?
Yeah.
But then it was just rocket boots.
Yeah.
Now...
That's going to be a combination of the pandemic and Joe Biden.
But I mean, that was such an effective double strike.
I don't think many people, many Americans yet realised just how damaging the combination of COVID and Joe Biden was.
I mean, you can see it from this chart.
It's just off the scale.
4.5 to 7.2 in the space of just a couple of years.
The thing is, when we say 4 trillion or 7 trillion, these are numbers that are just...
Yes.
Almost incomprehensible to the average person.
Yes.
But what does 7 trillion mean to you?
Well, it's 1,000 billion per trillion in the American calculation.
Okay, well, that's 1,000 millions.
How much did you make last year?
I don't know, 100 grand?
Yeah.
Suddenly you realize that you are looking at scale that you just can't comprehend.
Oh, the scale's off the chart.
I think it's something like, what is it?
So a million seconds is something like a couple of months.
But a billion seconds is like 40 years or something, and then a trillion seconds is like thousands and thousands of years.
I mean, the scale is immense.
The other site I want to run people by is this, the US Debt Clock, my favourite website, which kind of keeps track of US national debt.
And there you can see it is spiralling up.
Yeah, bear in mind, that is only...
The debt.
The problem that you've got with the, well, basically every Western country is they've made an awful lot of promises.
So, you know, we will give you a pension.
We will provide medical goods and services and stuff like that.
And all of that, in fact, Samson, I don't know if I can do one here.
Can you go to the bottom right-hand corner, Samson?
Bottom right.
Okay, and this will give us total liabilities, including the debt.
Oh, no, no, not that far down.
No, the whirly bits.
Yeah, total unfunded liability.
$58 trillion Social Security.
Yes.
$8 trillion Medicare.
$43, yep.
So a total unfunded liability is of $226 trillion, which per American citizen, not per US taxpayer, but just per citizen, including all the old people and the little kids and stuff, is $665,000.
Yes.
It's just an obvious, total fictional system.
Yes.
It's well into a debt spiral at this point.
So something desperately needs to be done.
Samson, can you take us back to the top left-hand corner?
Because a couple more bits I want to point out on this.
Right.
So, interestingly, they've added a doge clock.
Just saying, if this was like my game of Civ or something, I'd just start new.
Oh, yeah.
Go new game.
Yes.
Well, you probably would have failed by this point.
The computer would have worked out that you've got no chance of ever winning this.
If somehow I'd manage my civilization in this way, I'd just restart.
Yes.
Yes.
Well, I mean, it's kind of what they did do at the last election, but yes.
They've added a doge clock, so you can see how that's ticking up.
What's the doge clock representing?
So that's the savings that they've found so far.
Oh, okay.
So that's why it's in gold and everything else is in red.
55 billion, that's a good start.
Yeah, I mean, it's a reasonable start.
It's not...
So it's only been two weeks?
Yes.
Yes.
Four years of them theoretically slicing the federal government.
So if you want to play along at home and keep tabs on this, go to the US debt clock and just watch that tick up, and then hopefully that will shoot up a bit more.
Right, so the nub of the problem.
So the nub of the problem is US spending over here, actual spending is 7.2 trillion, and here's total taxes, 5 trillion.
Which is a lot.
Oh, it is a vast amount of tax.
But it's not enough.
That's negative.
Yes.
If federal spending was still four and a half trillion, that'd be all right.
Yeah, you'd have a surplus.
Yeah.
Now, you would always expect that to start going down about now anyway, basically because the boomers are retiring.
Yeah.
And so a large cohort of people are going from the workforce into basically social security.
Just a quick thing.
Yeah.
How do we know that this real-time tracking is accurate?
Oh, they basically load in all the Treasury reports, and so it's not literal, but you can work out the rate that these things are going up roughly, so it's not exactly literal.
So it's an estimate, but okay.
It's descriptive based on a large amount of accurate data.
Okay.
Right, so yeah, federal spending is, so we've basically got a deficit of this number here of two trillion.
And that's why the debt has gone up, as we talked about previously, to a fairly monstrous level.
So, challenge, obviously for Doge, is how are we going to get rid of two trillion of deficit?
How are we going to turn that around?
Well, you would get rid of about four trillion worth of spending.
Yes.
Well, two trillion worth of spending at least, but you'd want to get rid of just as much spending as you could.
Exactly, right.
And at first blush, that sounds relatively easy, doesn't it?
Because you just cut spending.
I would be quite merciless about it, yeah.
Yes.
Here's the problem, though.
Out of that 7.2 of spending, about 4.5 of it is mandatory spending.
Okay, well, what's not mandatory?
Well, then you've got another trillion, which is debt interest.
To who?
Well, whoever they...
The US does produce quite a lot of debt.
Who buys the debt?
Well, so it used to be, China used to buy a lot of it and other world governments.
In the last sort of 15 years or so, world governments have started thinking, yeah, you're not going to pay that back, are you?
Okay.
Right, so what they did is they're kind of using what's called financial repression.
They're basically making their own pension funds, banks, insurance companies buy it.
Right.
So, and it's called tier one capital.
If you were to...
Because I know where you're going.
You're just saying, oh, write it off.
Well, I mean, the US government is the one with the army.
Well, yes.
But at this point, you'd be largely screwing over your own economy because you forced your own economy to buy a lot of this debt.
I mean, other people are still buying it.
I mean, Saudis will still buy a bit and all that kind of stuff.
But actually, a lot of it is your own pension funds, your own insurance companies.
So if you were to wipe it all away, you'd be basically...
Destroying your own entire financial sector.
All your pensions would be gone.
Your insurance would be gone.
Your banks would be gone.
So it's not quite as easy to do that.
So you've got your mandatory spending, and that's things like Medicare, Medicaid, Social Security.
How much was that?
Something like $4.5 trillion.
Including the debt servicing as well?
No, no, no.
$5.5 trillion.
Yes, $5.5 trillion.
Veteran benefits, food stamps, a whole bunch of stuff like that.
Yeah, in theory you can change that stuff, but you need to go through Congress.
And there, of course, you've got some sensible people, a decent cohort of rhinos, and the Democrats.
And the Democrats are obviously going to oppose everything, and actually there's enough rhinos to really screw this up.
Oh dear.
Yes.
So the only bit that you can cut is about 1.7, something like that, Discretionary spending.
So here we have the problem, you see, because let's say you cut the entire discretionary spending.
You're still in deficit.
And that discretionary spending includes things like the military.
Yes.
And if you get rid of that, people definitely aren't going to be buying your debt anymore because that's kind of the big stick that you use on them.
Yeah, that was how you were keeping them in mind.
I mean, you wouldn't be able to turn the lights on at the White House.
It would go back to being how it was in George Washington's day, where it's just a house where you can work at, and you supply your own staff and linen.
So you've got a tiny bit of a problem there, which is why...
Here we go.
So this is Polymarket...
Tracking how much they think Elon is going to cut.
So the goal is, and the other thing I should mention, is they've set themselves a timely of 18 months.
Yeah.
So this poly market is saying, how much will Doge cut in the first six months?
You've got to cut $2 trillion.
So you're looking at, what, $666 billion, $100 billion per six months.
Yeah.
And Polymarket, as you can see, is very much odds-on for below 250. So basically, the betting markets are saying that Doge is going to fail at this.
Well, it needs to be in here, this category down here, if it's going to succeed.
So actually, I think these two are probably interesting bets if you're a betting man.
Well, I mean, you know, two weeks, 55 billion gone already.
It's actually in the time.
Yeah, what do you need to say?
Hang on.
Three billion a day of recurring spend you need to cut every day.
So they are within that amount at the moment, right?
Yes.
Yeah, I mean, you might argue that if you're looking for waste, the early gains are the easiest.
Possibly.
Probably, yes.
But I like this.
But anyway, so people think that he is going to fail.
I would point out, I have just recorded yesterday of Brokonomics on this whole subject.
We'll go into much more detail.
But one of the things I did in there was outline a plan for how it can be done very quickly if Congress is on board.
Right.
It is as simple as this, and I'll go through it.
Step one, you raise the retirement age to 70 immediately.
Right.
No, they're not going to do that.
Yes.
They're not French.
No, no, wait.
That would be lowering it.
No, they're not going to do that.
And that's...
Right.
But that saves you a trillion.
I bet it does.
Literally a trillion.
I bet it does.
That one action.
And all you need to do is piss off some boomers.
Yeah, but the boomers are the ones who vote.
Yeah.
Okay, so herein lies the problem, you see, because if the government was given a choice where they could halve the deficit by pissing off the Zoomers...
Oh, they'd do it instantly.
Oh, I mean, they piss off the Zoomers all the time just for shits and giggles, even when there's no particular reason to.
But they're not going to do it to the boomers.
No, the boomers are people with wealth and time.
Yes.
And, oh my god, they really are just a logjam for our entire civilization at this point, aren't they?
Oh, that's the whole reason we had this problem in the first place, is basically booms are getting old.
Yeah.
And the weird thing is, right, if you said that you were going to raise retirement age to 70, all the Gen Xers would be like, yeah, I wasn't expecting you to get anything anyway.
No, I'm not.
So if you're telling me that I'm actually going to get something at 70, then thank you very much.
And the millennials will probably be the same, and the Zoomers haven't contemplated the notion that they're going to get old yet, so they're kind of irrelevant to this conversation.
But the boomer who's 65, who's now looking at five extra years before he gets his Gibbs, is going to go absolutely mental, right?
But if you did do that one simple step, like a trillion saved.
Okay.
And my argument here is, you know, Social Security, you know, what the Americans call pensions, that was basically created in 1935. Yes.
Now, back then, the retirement age was 65. So it's only slightly lower than it was now.
The life expectancy was probably 70. 61. Oh, there we go.
Yeah.
So retirement age was above life expectancy.
Right, okay.
So most people died while working.
You know, you come into the office one day, it's like, where's Bob?
It's like, oh, he's probably died.
He was 62. Now, what's happened today is life expectancy has gone way up.
So life expectancy is now 77, around that sort of level.
So you've now got at least a decade in Social Security.
And if...
If you were to keep the same set of assumptions on social security or pensions as we had at the beginning, then the retirement age would be...
Oh, what I worked it out.
Yeah, retirement age would be in...
Yeah, 80. Four years after most people drop dead anyway.
Yeah.
Right.
So, yes.
Now, the other issue is that when pensions were started is...
Old people were poor, and now one in five boomers is a millionaire.
God.
So they've done all right.
Yes, yes.
They've done reasonably well.
Step two, Medicare.
So again, medical care for old people.
Cut that to basically just critical care, not elective care.
That's another 500 billion.
So you've now saved 1.5.
And Medicaid, which is the poor people, not old people one, that's another 400 billion.
And then if you close overseas military bases in places like Germany and other places where you don't actually need them, that's another 200 billion.
So with those simple steps, you can basically get rid of the entire deficit within a week if you wanted to.
The problem is those are the bits that are popular.
Yes.
I don't think any of that's going to happen.
Yes.
The other thing you can do is you can try and grow the economy.
So let's say Elon cuts spending by half.
As long as they can get GDP growth up 2%, that does the other trillion over 10 years.
Right, okay.
Which they might actually do because they're making the economy more effective.
Right, so that's the problem.
Nobody thinks he's going to do it.
As I've laid out, actually you could do it in five minutes if you wanted to.
What have they actually done so far?
So one of the things that Doge has discovered when they've gone into this is that there is a system of basically payment checks, as you would expect.
So whenever somebody tries to spend money in the government, there's a department in the Treasury that checks the payment.
They were literally instructed to never, ever deny a payment.
Even when that payment was known to be fraudulent.
Or going to a terrorist group.
I feel like I missed out on a lot of opportunities here.
Yes.
Not knowing this.
Yes.
We should have spent our entire career basically just sending invoices to the US government.
Yeah.
So you've got people who have worked in that role for decades and literally never once denied a payment.
It's like spending was literally the point.
Even to known fraudulent or terrorist groups.
Yes.
I know this is a fraud, rubber stamp.
I know this is Al-Qaeda, rubber stamp.
Yes.
Mad.
Yes.
Tis a little bit mental.
Here's some of the savings that they've had so far.
So what have we got?
1.5 million to advance diversity, equity, inclusion in Serbia's workplace and business community.
Yes.
Probably not necessary.
We've got £70,000 for a production of a DEI musical in Ireland.
Yes.
Probably non-essential.
Probably.
But these are all really small.
This is all small.
Yeah, it is.
But, I mean, this is...
If you're going after the discretionary bit, so that, well, it was 1.7...
Trillion that you've got.
It is going to be composed of lots and lots of little things.
We've got some bigger things coming up.
2.5 million for electrical vehicles in Vietnam, 47,000 for a transgender opera in Colombia, and 32,000 for a transgender comic book in Peru.
What I love about this is it's just pure liberal ideological nonsense.
Yes.
It's just, oh, well, we're going to save the planet.
How?
Transgender musical in Colombia.
Electric vehicles in Vietnam.
Oh, we're going to liberate people from the oppression of gender.
How?
Transgender comic books in Peru?
Yes.
Thank God.
Yes, have 30 grand for that.
USAID, which Josh went through yesterday, so I'll be a bit light on this because I know he covered it in some detail.
But, yeah, it's got some of the things we've already talked about, the comic book.
Six million to fund tourism in Egypt?
Yes.
You might think that's the Egyptians' problem.
Yeah, yeah, I would, actually.
And I would have thought that's also their income.
So why would you be funding that?
Well, because you get to spend money that way, and spending money was the goal.
Good point.
Two million for a sex change activist in Guatemala.
Must have been a bloody good sex change.
Maybe he did it several times.
I don't know who that woman is, but she looks very lefty.
EcoHealth Alliance.
Really, Peter Daszak's organisation.
Wuhan Lab.
No wonder Fauci needed that pardon.
Wheels on meals for Al-Qaeda fighters.
What?
You know you get the meme of a bunch of missiles coming at Israel and then Israel firing, and it's just my tax dollars somehow also my tax dollars.
I mean, that's genuinely what's happening.
Yes, they were literally buying Al-Qaeda dinner.
Why?
What do they think is happening?
Oh, there's food.
Who provided the food?
Well, the American government.
You must assume it's poison.
Yeah, exactly.
And then you realise how stupid they are.
It's totally fine.
I've had three of them already.
Oh, that was a good one.
They were basically funding poppy production in Afghanistan.
Yeah, well, they used to have troops guarding the poppy fields.
Yes.
So it's like, right.
Well, when the Taliban got in, poppy production basically sort of dropped to zero.
Yeah, weirdly, the Taliban did the moral thing and stopped heroin production in Afghanistan.
Yes.
In fact, that's happened several times throughout their history as well.
No doubt.
Yes.
Mental.
So you can track all of this if you want to see how it's going on the Doge Twitter page.
I did see one table.
Here we go.
So this is how much they've saved by getting rid of DEI departments in various departments.
So the Bureau of Land Management was spending £170k on DEI, their DEI department, which is, you know...
FAA, £45 million?
Yes.
Some of them are a bit more.
The Office of Personnel Management, half a billion?
Yes, on DEI. Jesus Christ.
The Department of Agriculture was spending $110 million on DEI. So, what's that one?
Oh, yes, USAID, what we just covered.
Yeah, they were getting, yes, $230 million.
Homeland Security, $15 million on DEI. I saw an announcement.
Trump's talking about this.
They were spending $50 million on buying condoms for Gaza.
Yeah, but it was Gaza in Mozambique, not Gaza in the Middle East.
Fact-checked.
Oh, okay, well that makes it alright.
It was only 7 million to Gaza in the Middle East.
Right, okay, fair.
You know what, I'm actually against them sending condoms to Africa too.
Not our problem.
I'll just end on this.
I quite like this because I started with a link to the White House.
One of the first things that went was foreign language services.
Which means, as a result, if you go to the White House website Spanish page now, you're met with a big banner that simply says, go home.
That's a good point.
Well, yeah, precisely.
That is just mad.
Absolutely mad.
I cannot get over.
Where's the mouse gone?
There it is.
Ah, it's just mental.
I'm...
I'm actually annoyed.
Like...
Like this...
My father doesn't like spending money, right?
Yes.
I've inherited that from him.
It's like, just...
I don't like spending money.
I just recently had to pay my last year's tax.
Hated it.
Like pulling teeth.
Couldn't stand it, right?
So spending money on something I'm going to get, okay, I don't like that.
Spending money on giving the money to the government to give it to stuff I don't agree with, even worse, right?
People who hate you.
And so just looking at these numbers, I'm just like, oh my god, it's kind of giving me a headache, you know what I mean?
Anyway, NeoUnrealist says, please, it's too much winning, Mr. President, please, we can't take it anymore.
Well, it's a good start, but...
This has not been a long way to go yet.
Yeah, exactly.
But again, it's a good start in two weeks, to be honest.
Elon is a genius.
The buildings are empty due to all the remote workers.
His four-man teams are 20-year-olds going there with sofa beds, staying 24-7 in the offices, working around clock insurgents.
Yeah, I love the fact that he's just got a bunch of autistic Zoomers going in.
It's like, what's this?
Not something I'm approved to agree with.
Gone.
The hapsification says, are you sure?
I'm sure you guys are aware there was a stabbing yesterday in All Saints Catholic School in Sheffield.
A 15-year-old boy named Harvey Wilgoose died.
Yes.
Again, one of these things is we can't just jump on things because the UK government at the moment is run by a bunch of communists and they're very sensitive to the potential ethnic conflict that comes when...
These sorts of events happen.
And if we make any assumptions, even if those assumptions turn out to be right, they will still jail us if it goes against the narrative in the short term.
Even if they're not just assumptions, even if they're reports from people on the ground, and they're not officially approved, essentially, that we're allowed to talk about this, then we can still end up in trouble.
So we have to be very, very careful.
And the engaged few says, the condoms were necessary to prevent the impregnation of farmers.
Sure, that's the reason.
Anyway, let's move on.
Let's move on.
So, one thing that you may have noticed is that there's been a weird kind of silence coming from the left.
There has been an eruption, an absolute volcano of things coming from the right in the United States.
The MAGA chuds have been on the march.
The Doge has been in the government.
Donald Trump has been signing executive orders.
Oh, it's been quite fun.
Brow-beating world leaders.
And so, on the other side of the aisle, what are the Democrats doing?
I don't know, to be honest.
I don't know.
Right.
Well, the Democrats are...
Well, they don't know either, actually.
And they're kind of scurrying around trying to work out why they lost and what lessons they can learn.
And the conclusions that they've come to is they need more woke.
We're not woke enough.
Woke wasn't the problem.
Massive amounts of spending weren't the problem.
No, and they need to figure something out.
But the problem is, as the New York Times tell us here, quote, we have no coherent message.
Democrats struggle to oppose Trump.
And so they've interviewed more than 50 Democratic leaders, and they just don't know what they're supposed to do now.
Because all of their position was based on shaming the opposition.
But also, they're sort of a hive mind they left, aren't they?
They just do what everybody else is doing.
So now that they've had a failure, they don't know what to do anymore.
Yeah, there's been...
It's like a shoal of fish trying to follow each other, but none of them are going anywhere.
The leader has been taken out, and so now, which leader are you following?
It's like, well, we're not.
What are we doing?
We don't have any thoughts of our own.
But the problem is, their entire political strategy was, we're going to call you names, and in fear of not being called a name...
You're going to vote for us.
You're going to support us.
You're going to allow us to do what we want to do.
And as soon as you get someone like Trump who has just been like, no, just don't care.
J.D. Vance, no, just don't care.
Elon Musk, no, just don't care.
When the names no longer work, they find themselves just unable to do anything.
They don't know what they're supposed to do.
I still see them throwing around a bit of white supremacist and Nazi and all that kind of stuff.
Yeah, we'll get to that.
But again, that's the shaming language that's designed to inhibit your behaviour rather than to propose an affirmative plan of what ought to be done.
Yes, it's all negative.
The affirmative plan of what ought to be done has been absolutely ruinous and has led to Trump being in control of everything in the United States and Elon Musk being given access to the entire federal government to shred it, to militarise the border, to browbeat the foreign leaders.
The Democrats have done everything in the exact opposite direction, and it's been destructive.
And so, well, what are you going to offer them?
Well, I mean, we could shame them for not allowing us to ruin everything, but now we've established a cadre of people who just don't care about our opinion on things, and who think we're insane.
And that cadre of people happens to be most of the American public as well, right?
So, we'll just explore some of it.
So the New York Times tells us, as the Democrats face the reality of Trump's second term, they share a fundamental belief.
This moment calls for an inspirational message from their party.
They just cannot decide what that should be.
So, in private meetings and public events, again, this is just going to be a bit of an enjoyment, a bit of a fun lap.
Elected Democrats appear leaderless, rudderless and divided.
They disagree often and stridently how to oppose Mr. Trump.
They have no shared understanding of why they lost the election, never mind how they can win one in the future.
So they are completely demoralized, completely disrupted.
But, like, just...
Each one just nipping at the rest, just being like, no, this is what we did, no, this is what we did.
It's like, yeah, but no one cares, right?
You're wrong on everything, and you don't know what to do, and they're obviously massively demoralized by this.
So they had their Democratic National Committee convention this weekend.
They say, in a first step towards elevating new leaders, and this is just amazing who they've chosen, an election this weekend for the chair of the DNC, the party chose a candidate called Ken Martin of Minnesota, who I'd never heard of.
But to be honest with you, that puts him on a starting level of zero.
Because if you were to choose an established Democrat, you would have someone with a massive negative.
But better to have, you know, The sort of bland, neutral character that nobody knows.
Yes, that's a good point, actually, yes.
So you start at a zero rather than a negative.
Well, I mean, that worked for Keir Starmer.
Yeah, it did.
For five minutes.
Yes.
And I'm sure it'll work for five minutes for Ken here.
So he's planning to conduct a post-election review focused on tactics and messaging, because they've got four years of wandering in the wilderness, at least, where they don't know what they're going to do.
So he conducted more than 50 interviews with Democratic leaders, which revealed a party that is struggling to define what it stands for.
That's not true.
That's not true.
The Democrat Party knows exactly what it stands for.
The complete and total destruction of the United States.
That's been their explicit messaging.
They've literally said, we're going to ruin this country.
As we saw from the last segment...
They were enormously successful.
They were incredible!
We are going to have the most open border in the world.
We are going to have the most bloated, unbelievable government spending in the world.
We are going to empower every enemy of the United States in the world.
We are going to systematically try and eradicate or whittle down the white majority of the United States.
We are against the concept of the United States.
This is why the Democrats support the idea of the 1619 Project, to recast America as an entire It's a highly negative, tyrannical project that justifies tearing each aspect of it down.
That's been their entire purpose for eight years at least.
It was quite a clever strategy of going all in on destroying the United States and hating its people until they discovered that when they got to the election that that platform was not popular with the American people.
Yes, but it's also...
It really required someone who didn't care to reflect on their points and was just a kind of, you know, bullheaded, America good grug mentality, which just happened to be exactly what Trump was.
Because a lot of the other Republicans are quite reflective and concerned about things.
You know in the June books...
Like, the best warriors come from, like, really harsh worlds, like the Warriors of Erratics, because they had to go...
And if you grew up in pamphlet comforts, you basically...
You just rubbish at it.
I mean, presumably the same thing happened to the right and the left, because we would get banned, censored, deplatformed, thrown off.
So all of our arguments, our thinking, had to be so tight.
We've kind of gone through an evolutionary bottleneck, whereas the left, they've just been winning everything for about what...
40, 50 years at this point, and they're just soft.
But they had such an easy ride against the right, because the right would be reflective on these things, whereas the left would be calculating.
Yeah, fair point.
Insidious.
And what it takes is for someone quite hard-headed and unreflective in the way that Trump is to just say, no, America good, and I'm just going to hug the American flag, and I'm just going to destroy you once I get in power.
So, you know, we'll see who the Americans choose.
I mean, it's quite obvious that the RINOs and most of the GOP establishment watched left-wing media, and their whole mental headspace was a left-wing mental headspace, whereas Trump was like, no, I only watch...
Whatever it is, Fox News.
It's not just that.
If you look at conservative thinkers, there are lots of conservative thinkers that are excellent, and they have a rich and broad understanding of the subjects, right?
That's great, but then if you look at left-wing thinkers, they are also excellent, but just in a much more different way, because the conservative thinker is trying to have a proper understanding of the world.
Create a kind of mindset that fosters an appreciation for the things that exist.
But the left-wing thinkers are entirely, frankly, evil and work towards your continual destruction, right?
They call it deconstruction or something, don't they?
Yeah, yeah.
And so their plan is to construct a weapon to destroy you with.
Your plan is to kind of work out why the Shire is a nice thing.
well that's it's a lot easier to do what they're doing than to do what you're doing and so conservative thinkers have never really found a proper incisive moral weapon in the form of philosophy uh whereas someone like donald trump who probably has never read a book in his entire life and i say that to his credit um doesn't need to you know you get no what has my gut feel love america simple as yes hate the democrats defund the lot of them um you know like it's it's that simple right
we should have tried the left side of the bell curve Like many years ago.
Yeah, no, I agree.
What happens if we put Grug in charge?
We win.
Oh, interesting.
Good.
Anyway, so the point is they didn't realise why hating America caused them to lose.
And Democrats broadly agree that they need to do more to address issues that powered Mr. Trump's campaign.
Okay, what are these issues?
Well, they say grocery costs.
Well, you made them go up by continuous printing of money.
Yes.
So, when you say address issues, it's like, you are the cause of the issue.
What do you mean by address it?
Do you mean make it go up higher?
Like, you're the ones who made that come into effect.
If it was like the Ron Pauls of the world, who'd been running the federal government since 1965, you wouldn't be in this position at all.
They literally had the Biden Inflation Reduction Act, which...
Printed money.
Well, going on to the next thing they would need to address is, quote-unquote, inflation.
Well, how do you...
You are the problem.
You did this.
You're the ones who wanted the COVID spending.
You're the ones who wanted the lockdown.
You're the ones who put the Biden Inflation Act.
You're the ones who increased federal spending through the roof.
Like, you are the problem.
How could you put...
Unless I'm misreading this and they're like, yeah, well, inflation wasn't high enough.
Grocery costs weren't high enough.
And the third one, of course, being immigration.
It's like, sorry, who...
Essentially demilitarised the border.
Who abolished the border.
It was Joe Biden.
Demolished bits of the wall.
Yeah, literally.
All of it.
You know, literally executive fiat just gets...
And so, under Biden, of course...
Actually, there was that bit where they almost went to war with Texas.
Yeah, yeah, yeah, yeah.
Because Texas tried to...
Greg Abbott was getting up on it.
And they literally came down on him.
So you are the problem when it comes to immigration.
So how...
How could the Democrats come to a position where they're like, right, okay, so all of those things that were destroying America that we loved, everyone hated, and so they voted for Trump, the grug who doesn't want to destroy America, and now we're losing, and we're going to keep losing forever on this path.
How do we turn this around?
And it's like, you can't.
It does sound a bit challenging when you put it like that.
Yeah, I'm glad that I'm not Ken here who has to work out how to turn...
Destroying America into an appealing popular platform.
I don't know why.
Well, I'll tell you one way that you could make Destroying America a popular platform.
Import as many of America's enemies as possible and give them the vote.
Well, they tried that, but the problem is a lot of the people who went to America actually liked America.
Yes, that's why they went there in the first place.
Exactly, which is why they went there in the first place, which is why Trump gained in every single demographic category.
The Democrats lost in every single demographic category.
So even importing people to destroy America doesn't work in the way that the Democrats thought that it would.
We're like, yeah, but we brought you all in here to ruin this.
And they're like, no, why would I want to ruin this?
So here's me thinking that Doge has got an uphill struggle, but now you've explained it.
The Democrats have an even bigger struggle.
Yeah, they're definitely struggling.
So the next thing, of course, is how to prioritise traditional concerns like murdering babies.
Yep, good point.
Abortion rights is the next thing.
How do we sell the murder of babies?
Well, we've got the wine-drinking single-women cohort already.
You can't really sell murdering babies to parents because they like their babies.
You can't really sell murdering babies to people who can't have babies, which is the next one.
And also, it's really not popular with the Latinos that come in.
No, no, not at all, yeah.
They don't like it.
No, of course not, because they're Christians.
Yes.
And the next one being LGBTQ equality and climate change.
And so, right, so...
On all of the things in which you were the problem.
So the climate change thing, of course, is directly tied to energy production, which is why Joe Biden was banning further drilling, banning, you know, making...
Gas exports, oil field exploration, all that stuff.
Literally turning America into a dependent country when it comes to energy production, which is mad if you think you've got an entire continent here.
You could probably do it yourself, which happened under Trump.
So they're sat there on the issues they have claimed, which are purely destructive issues, done for insane ideological reasons, Complete hatred of the United States and its people, right?
And they're like, right, we don't know how to market this anymore because we've got to the point where we were doing it entirely through shame, but now they're not being shamed and they're winning and they're quite confident and we need to basically neg them into voting for us again and they don't know what to do.
So Representative Jasmine Crockett of Texas, a Democrat from Texas, says we have no coherent message.
This guy, Trump, is psychotic.
It's, again, entirely negative.
Entirely negative.
No one thinks Trump's psychology.
Everyone thinks that Trump's winning and getting the job done, right?
And there's so much, but everything that underlines it is white supremacy and hate.
It's like, keep yelling white supremacy and stuff.
You know, when Trump is, like, you know, getting the federal budget down so the debt clock isn't so terrifying to look at.
It's like, oh, it's white supremacy and hate.
It's like, you are not resonating with anyone.
No one believes it.
I remember US politics in the sort of late 90s when I first started paying attention and shows like the West Wing.
And basically then both sides, the right and the left, would put forward a positive vision.
And at some point they realised that when they were in a tight race, negative campaigning against the other guy was actually more effective than building up your own positive case.
But the left basically went all in on that.
So they used to have a positive vision, they got rid of all of it, and now it's just all negative vision.
But the problem with that is you can't create anything.
No.
But the thing is, they're communists, they don't want to create anything.
The fact that things exist contribute to inequality, and so ultimately they have to reduce everything to the lowest common denominator.
And so...
When they go, essentially, flip full leftists.
Because what they would say is, well, Bill Clinton was a conservative.
And in this paradigm, yeah, Bill Clinton is a conservative, which is why Trump's a conservative, because Trump is a Clintonite Democrat.
He's not different to that.
Bill Clinton's policy was border wall, deport illegals.
Did you see Bill Clinton at the inauguration?
Yeah, he was loving it.
He was having a great time.
It's like, oh, okay.
He's like, yeah, that's one of my policies as well.
This is exactly what I was asking for.
It's like, yeah, I guess so.
But they carry on and say, well, There needs to be a message that is clear that everything Trump is doing is white supremacy and hate.
It's like, look, that's a failed position, right?
Even if we were to concede that, well, what you've shown is lots and lots of people who aren't white also agree with that.
And so what you're saying is, well, this is the way that the world ought to be constructed for peace, prosperity and success.
And it's like, I don't really agree that that's...
White supremacy.
But even if you do manage to frame it in that direction, well, then you've just sold white supremacy to those people over there, right?
And that's why all of these minority cohorts are like, yeah, I'm voting for Trump.
It's like, okay, idiots, right?
Idiots.
But anyway, Mr. Martin says, Ken Martin says, the policies that we support and the message that we have is not wrong.
No, it is.
It's exactly wrong.
We just established that, yeah.
I mean, and not just like on an abstract moral level, but on a direct practical level, the rightness and wrongness, again, there's very much Jeremy Corbyn, the rightness and wrongness of any political campaign is whether it wins or not.
So you can say, well, no, no, I was right, really.
No, you weren't, because you didn't win, and therefore either you use the problem, not being able to project your message, or your message is evil.
And in fact, Ken says, well, look, the message is not wrong, so Democrats still destroying America.
But he says, it's a messaging problem and a brand problem.
It's like, alright, how do you message people?
No, it is right for us to destroy America, and this has kind of tarnished our brand, so we need a nicer brand for destroying America.
It's like, what is wrong with you people?
I mean, thinking back on it now, when Kamloff Harris was interviewed all through the campaign, She couldn't answer a question without attacking Donald Trump.
And people would get frustrated and say, OK, look, just imagine that the Republicans don't exist for a second.
What would you do?
She couldn't answer it because she...
Literally no positive vision.
No, I mean, it would literally be...
It would have to be something destructive.
Yes.
Why would you want to say that?
But anyway, so the point being, he says, well, look, we're not wrong morally.
It's the messaging of brand that's wrong.
Again, OK, Hannibal Lecter.
The voters are not connecting with our policies in their lives.
And it's like, no, I think the problem is that the voters are connecting with your policies.
You've got open borders, mass inflation, general destruction of America, make everyone dependent on the state.
No, voters are actually connected to those.
And they've gone in exactly the opposite direction.
Because they can see that what you're doing is wrong.
This is an amazing thread from David Weigel.
Just talking about the broader discussion at the DNC... And he's just literally just live tweeting quotes.
There has never been a Native American in leadership at the DNC. If not now, when?
Pressing concern for most Americans.
I mean, that is the whole thing, is let's get the first, you know, whatever it is.
Transgender.
Yeah, exactly.
Can't we do that before we do that?
No.
Unlike the other party that is demonising diversity, we understand that diversity is our greatest strength.
Would you listen to yourselves?
Why can't they just give Elizabeth Warren a leadership role?
I don't know.
She's too old, maybe?
I don't know.
That's probably not a concern for them.
But obviously there were heckling protesters.
And the whole thing...
The whole thing is just woke nonsense.
It's just absolute woke nonsense.
Like...
You just get this constant flow of communist woke...
I mean, they spent 20 years purging everybody who isn't a woke lunatic.
Yeah, they did.
So now they're trying to rebuild, and they've only got woke lunatics to rebuild with.
Yeah.
They're going to take money from good billionaires, but not bad ones.
It's like, oh yeah, like you haven't been doing that already.
So George Soros and Bill Gates are good billionaires, are they?
Yeah, 100%.
That's exactly what they're saying.
But anyway, it just goes through, and it's...
Just ridiculous nonsense.
Like, Jen Psaki asked Somali twice about why Dems spending on abortion ads didn't work.
It's like, look, we want to kill your children, is the underlying message there.
And the response was, I respect your ability to ask me that question.
Then he pivots to climate change.
It's like, what?
Like, you are not serious people.
You're desperately ideological.
Any right-wing gathering, that would not stand.
If you just...
Avoided the question.
The audience would boo.
Answer the question, you know.
But this is ridiculous.
And so, anyway, as you can see, it's just insanely woke.
There are some great video clips going around.
Hello, Democrats.
Hey, I am speaking.
And I would love your attention.
There is a black woman at this podium and I deserve your attention like the 11 people who went before me.
Yes, I am speaking.
Good evening, Democrats.
Look up here.
Three strong...
She's speaking, mate.
When is she not speaking?
I would love your attention.
We know.
Presumably when she's eating, which I gather she does a lot.
But seriously, I mean, look at this.
Three strong black women, you've learned nothing.
You are selfish, narcissists, with a literal campaign platform of destroy America as quickly as possible.
I mean, also, even if you are a black woman, you've still got to say something interesting.
Otherwise, why are you at the podium?
But do you, though, if you're at the Democrat National Committee?
Do you really?
Anyway, there's more.
I mean, it's just comical.
Our rules specify that when we have a gender non-binary candidate or officer, the non-binary individual is counted as neither male nor female, and the remaining six officers must be gender balanced.
With the results of the previous elections, our elected officers at this point are currently two male and two female.
In order to be gender balanced, we must have had one male, one female, and one person of any gender.
What?
No idea.
Who cares?
What are you losers doing?
What is he even talking about?
Recommitting to the most woke nonsense they can.
So, unsurprisingly, this isn't going very far.
I mean, they've elected David Hogg as the vice chair of the Democratic National Committee.
Is that...
The guy with the same name as that little twat who...
No, it is the little twat.
You can see his picture in the background there.
It's that skinny little...
Him?
Yeah, they've elected him to be the vice-chair of it.
Okay.
Of the party.
Of the DNC? Yeah.
Okay, so you're not changing your perspective on destroying America.
You're not changing your perspective on woke nonsense, identity politics, gender, ideology, all this sort of stuff.
And you're getting your most radical activists to fill the institutional seats of power in the party.
This is wild.
The party that was once headed up by people like JFK and Lyndon Johnson and other notable figures throughout history is now being co-led by David Hogg.
Yes.
And a black woman is speaking.
I don't think this is going to work.
No, I'm not sure it is either.
And so, I mean, you've got the wider culture of it, like the Grammys are, DEIs are not a threat, it's a gift.
So you can see, like, you know, the blob of the woke culture, with the Democrats being the sort of apex of it, and then it's spreading out into their various cultural organs.
That's not going anywhere.
They're doubling down on all of this.
They're doubling down on all of this.
This may have...
Brought the Democrats to the most catastrophic defeat they've had in a generation, probably my lifetime.
But that's okay.
It does seem like they're keen to one-up it at the next election.
Yeah, it does seem that way.
And so you've got the sort of old dinosaurs, like Chuck Schumer, who's just like, well, I'm going to try and go on the attack, guys.
An unelected shadow government is conducting a hostile takeover of the federal government.
Well, that happened after World War II. Yeah, but also, Chuck, no one believes that, right?
Donald Trump won the popular vote.
He won the House, the Senate, the judiciary, the popular vote, the culture itself, everything that is possible for you to win in the American electoral system, Donald Trump has won.
And it's not like he was shy about saying, look, I've got Elon Musk, we're going to clean up the federal government, we're going to cut all this down.
It's in no way that it was secret.
It's in no way, and like we did in the first segment, it's not like they're hiding any of the information from us.
They are showing us absolutely everything they're doing, and all he can do is be like, I don't like to shout out the government.
It's hard to tell you.
No, no, no, no, no.
He's a bit weak.
It's piss weak.
No one believes it.
That's got no teeth whatsoever.
Everyone's just like, well, okay, Chuck.
I'm sure that's going to play well on the Twitter, but no one...
No one thinks this, because it's not a reflection of reality.
These people are used to having the weight of government and the full force of the media behind them.
Yes, and social media.
And now the tide has gone out and you can see who's swimming naked, essentially.
Yes, and a well-funded activist class around them, things like this.
Oh, yeah, and that, yeah, because all that was getting funded for people like USAID and all that kind of stuff.
Of course it was.
So all that whole net, I didn't think of that, that whole network is just going to fizzle away now.
Yeah, the sort of Brooklyn Dad defiant types, that class of people, that's all going away.
And so, like you say, Chuck Schumer's just sat there with the tide gone out going, oh, it's an unelected shadow government.
No, it's not.
No, it's not.
It's so obviously not.
And Elon Musk is just like, lol.
They're just mad their shadow government is being dismantled.
It's like, yeah, that's precisely what it is.
And so just as a quick thing to end on, because I realize this has gone on for a bit, but I thought this was worth enjoying.
People just don't like the Democrats, right?
So the Quinnipiac...
Poll has just come out just over a week after being sworn into office.
So it's not like Trump hadn't had a week of destroying everything that they did.
Trump hit the ground very quickly, started doing a lot of things, and this was all over the news.
So it's fair to say that voters know what's happening.
46% of voters approve of the job Trump is doing, while 43% disapprove.
So he's got a net approval rating, which he's never had before.
No.
He's never had this.
He's actually rare for any leader to get a net positive.
Absolutely is.
So Trump has a net approval rating, which is, again, the first.
I mean, this time, last time he was president...
Oh, yeah.
I remember, yeah.
Only 36% approved of the job he was doing, while 44% disapproved.
So he's...
The media managed to keep pushing it down.
Exactly.
So he has literally got a 10%...
With a 1% decrease in detractors.
So, superb, right?
A majority of voters, 54%, say they are generally optimistic about the next four years with Trump as president, with 42% generally pessimistic.
So most people think, oh yeah, things are going to get better now.
Positive approval rating, people think things are getting better, right?
44% support deporting all undocumented immigrants and sending them back to their home countries, while 39% only support deporting undocumented immigrants convicted of violent crimes, and 6% oppose both scenarios.
So, only 6% of people are like, no, we need to keep them all here.
Almost everyone else is just like, yeah, let's get around.
I mean, that 6% is not even all Democrats.
No, probably not.
43% of voters have a favourable opinion of the Republican Party, whereas 45% have an unfavourable opinion, which is the highest, frankly, they've ever had.
Still pretty good.
It's the highest they've ever had since asking that particular question in their polling, right?
31% of voters have a favourable opinion of the Democrats, whereas 57% have an unfavourable opinion.
And this is the highest, since they've begun asking that question, the highest dislike.
Yes.
The lowest like.
But the Democrats have screwed it completely.
Oh, yeah.
And so, who knows what happens come the midterms?
I have a question for you, though, Cole.
Go ahead.
Key question.
Are you tired of winning yet?
No.
I'm just tired that I'm in Britain, and we're not winning, right?
I would love for us to have a winning competition with the Yanks.
Yeah, that's not happening anytime soon.
I know, right?
I would love for us to be able to be like, yeah, well, we've done this, oh, they've done that, but damn, we've got to do this.
No, we haven't got any of that, right?
We've just got the continual...
Living vicariously through our American cousins, yeah.
Yeah.
Pygmalion says, the Dems need to lean into the Richard Spencer audience and elect a white man to proudly proclaim that they are the party of slavery again.
Well, that's the thing, isn't it?
They're very upset.
Every time, the Republicans free their slaves.
Let's move on.
So I thought we'd talk about, unironically, an absolute slaying girl boss.
Love it.
Yes.
Kathleen St. Jude McCormack, or Chancellor McCormack, who is the head judge in Delaware.
Now, I don't know how much you know about Delaware, but its whole brand is that it's this stable, predictable, Home for corporations.
Yeah, don't they have like really low corporation taxes and stuff like that?
I mean, actually, the corporation stuff isn't really that special.
I mean, you can get the same in, like, Nevada or Texas.
Really, what set Delaware apart is, well, I mean, if you want to go all the way back, so in the 1800s, it was New Jersey was, like, the home for corporations.
And in about 1910, Delaware kind of took over as the place where you incorporate.
And the whole thing is based on very fair-minded, Predictable, very balanced decision-making in their courts, so that you know if you incorporate there, you're not going to get any surprises.
It's just going to be straight down the line.
Everybody knows what they're getting, right?
And this has turned Delaware into...
I mean, basically, its economy is focused around this whole thing, this corporate domicile thing that they've got doing.
I'm aware that basically every major corporation is incorporated in Delaware.
Yes.
Oh, yeah, I've seen, because I used to work in VC and start up a lot of companies, work people who started up a lot of companies, I've seen forms where you've got a tick box at the top, which is Delaware, Nuco, or Other, please specify.
I mean, it's literally that.
Yeah, that standard.
I mean, I've been in rooms where everybody at the table has had, you know, half a dozen Delaware Corps, you know, to their name.
So it is the absolute standard.
And then they appointed a woman judge.
Is she a DEI hire?
Hard to tell us.
She's got all the right credentials for a leftist activist judge.
Let's talk about what's going wrong and then I'll tell you why.
Dropbox is the latest of many.
They've decided that they need to get out of Delaware.
I will come to the reasons why.
Meta.
Facebook, they're going to be bailing out shortly.
Here's a longer list.
So all of Elon's companies.
SpaceX, Neuralink.
Weird that they're the top three.
Yeah.
Well, it was an Elon-related story that sort of gets us into this situation.
TripAdvisor has faced shareholder legal action if they didn't get out of Delaware.
Now, that is important.
I will come back to that as well.
MetaGoing, Dropbox, Fidelity, massive company.
Newsmax, pharmaceutical companies.
I mean, there's a whole list of them.
I'm only showing you the top ones.
So what is it that is causing people to bail out at this point?
And let me just quickly set the stages for how bad this is for Delaware.
So Delaware is a fairly smallish state.
I mean, it's got about a million people living in it.
And they collect about six million a year in revenues.
Two million of it comes directly from this stuff.
So it's a third of their budget.
But then you've got to take into account that when you get a lot of corporates located here, you then get a whole network of lawyers, auditors, all the kind of planoply that comes with it.
So it could be up to about half of their income is directly related to this thing.
It is literally their golden goose.
Good thing they've got an activist judge on the bench.
So, just with the actions that this woman has taken has probably already cost every Delaware citizen $2,000 a year.
What does she do then?
Right, yes.
She didn't like Elon very much.
Really?
Yes.
And she decided to pick a fight with the world's richest, most resourceful man, who...
Even on a slow day, he has 9 out of 10 on the Asperger's on his top trump card.
Which is not particularly sensible.
So the first decision that she made is...
Do you remember when Elon was going to buy Twitter?
Yes.
And he agreed $44 billion as a price tag for it.
And then he tried to pull out...
Is she the one who made him buy it?
Yes.
Oh my god, amazing.
Because obviously I was aware that he was trying to pull out, maybe this was like 4D chess or something, but he'd been forced by a judge to buy it because they were so far down the process, whatever it was.
Well, the deal was basically, I'll pay you $44 billion if these things you've told me are true, so it's subject to due diligence, which is quite standard.
And then once he agreed to that, he then got into it and realized 15% of the users were bots, and he's like, okay, well I need to renegotiate the price down 15%.
She'd have won them, right?
Yeah, she forced him to buy it.
Now, a bit like you, I do wonder if that's a bit of 4D chess, because did he know that he wasn't going to be allowed to buy it unless the Democrats wanted him to buy it, and the only way to make them want him to buy it was to say that he's not going to buy it.
He definitely knew that a large percentage of Twitter was bots.
He definitely knew this before he went into it.
So I do wonder as well, but I don't know.
So she basically...
You know, forced him to buy it, which, I mean...
If you're a Democrat, you're like, why did you make him do that?
Yes.
I mean, history books are yet to be written on stuff, but I do think that Musk buying Twitter may turn out to be one of the most consequential decisions of, I mean, easily the decade, if not multi-decades.
Well, I mean, what she's done is literally handed over the keys to the shiniest, most important castle to the enemy.
Yes.
Why would you do this?
Well, and it's even bigger than that, because zero is a special number, in that when there is zero dissent, because they had everything.
They had all the tech lockdown, and they had all the media platforms, and even Fox News was basically singing from more...
I mean, they had a few different opinion hosts on there, but essentially they were going in the same sort of remit.
You know, there was basically no dissent to this kind of stuff.
And then...
Twitter comes along and you can say whatever the hell you want.
And there's no gatekeepers.
There's no advertising.
Just a quick thing on Fox News.
Fox News is kind of like the House conservative.
Yeah.
He's allowed to sit in the master's house, you know.
Yes.
So anyway, yeah.
So she forced Elon to buy Twitter.
So it restores free speech.
Musk becomes the most influential man on the planet.
The most followed man on the planet.
Yes.
By a long way.
I mean, you get retweeted by...
Elon, every now and again, you must notice that every time you do, you get millions of notifications.
Tens of millions more views than you would have got otherwise.
Yes.
On basically anything.
Even if he just replies to you.
I've had that.
I've had a reply to me and just notifications go absolutely through the roof immediately.
I mean, the fact that we're on that platform, I wasn't on that before Elon bought it, Elon buys it, brings us all back, allows a much broader range of right-wing thoughts.
And then sides with Donald Trump.
I mean, I do think that Elon Musk buying Twitter was instrumental to Trump winning the election.
Yes, yes.
Well, at a minimum, he wouldn't have got the popular vote.
Probably not, yeah.
Yeah.
But it could have been the rest of it as well.
I mean, you've got to remember how much Trump won.
The popular vote, both houses, and the election itself.
It's unlikely he would have got all four, even if he did just win the election, you know, through an electoral college.
So, well done, girl boss judge.
Very happy with this.
What was the point I was putting in here?
Oh, yes.
Right, the second point, I'll come back to that to wait in a sec.
So, the second point was Elon's compensation package.
So, basically, when Tesla was worth about 50 billion, Elon agreed to a compensation package that basically went like this.
Pay me nothing at all.
Not even minimum wage.
Pay me literally zero.
And if I make the value of the company go up 13x, I want to represent the company.
That is a...
If Elon came to you and said, I'm going to run Lotus Eaters and I will make your dividends go up 13 times in exchange for 12% of the business.
Why would I say no to that?
Yes.
Every business owner in the world.
I would literally never say no to that.
Yes.
It's a win-win.
Yes.
I can't lose.
Every business owner in the world would take that deal.
Elon, if you're listening.
Yes.
I realise you're probably busy.
Well, he's very good at multitasking, so maybe he could do it.
So yeah, literally, he had to make the value of the company go up an absurd amount in order for him to get this huge pay packet.
But he actually did it, because he's Elon.
And therefore, he ended up getting like a $50 billion payout.
Now, bear in mind, I mean, I was a shareholder in Tesla before this thing was agreed.
The shareholders, they all voted on it.
And we looked at it, and it was like, yeah, obviously we want that.
In fact, you'd want every company you own to want to have that deal.
There's literally no downside to it.
Yes.
Oh, I'm giving away 12% of a pie that's now 13 times bigger.
Yeah.
Yeah.
Just why would you not?
Yes.
Anyway, sorry.
Yes.
So basically, he got this big pay packet, and then what happened is an activist group of lawyers...
What was it?
I wrote it down here.
Never built anything, managed anything, done anything productive yet.
Bernstein, Berger and Grossman.
Right.
They went out and they found a shareholder who had nine shares.
Okay.
Literally nine shares.
Anyone watching, Tesla will have millions of shares.
Yes.
Well, and at the time that they bought them...
These shares were trading split adjusting for about $12 a share.
So nine shares is not a lot.
And they basically launched a case to be heard by this woman saying that the compensation plan, which the shareholders voted on, was excessive.
And she obviously found in their favour.
Now, there's lots more detail than that that I sort of basically skim over.
Give you an example of how corrupt this thing is.
Those lawyers who did that, so let's assume, what, two or three senior lawyers, maybe a dozen associates, spent a few hundred hours on this case.
What do you think is a suitable compensation for them?
Well, I mean, lawyers cost a lot of money.
Yeah.
I wouldn't even want to hazard a guess.
Yeah, but just pick a high number.
50 grand?
The judge awarded them 5.6 billion.
I was thinking, you know, maybe 100 hours, 50 grand, that's quite a lot.
You know, that's the kind of lawyer I'd hire, maybe.
Jesus Christ!
Now, to be fair, Tesla...
Yeah, it is a bit absurd.
To be fair, Tesla's lawyers did subsequently manage to get that down to a third of a billion.
Oh, really?
Only?
A third of a billion of lawyers' fees.
So, yes, that is a bit good.
And that brings me to basically the point that I'm driving at here.
So Bill Ekman's tweet, which is, we are reincorporating our management company in Nevada for the same reasons.
And the reason is because, you know, basically this activist judge has done it.
So I'll come back to, I mentioned TripAdvisor before.
So basically, what is happening now...
Is that if you remain incorporated in Delaware, there is now case law on the record that says that shareholder decisions can be overturned at whim, which is basically saying that if you're a shareholder, you don't actually own the business.
Yeah, you only need one shareholder to undo it, right?
Yeah.
So the majority vote is basically irrelevant now.
It's basically whatever a Democrat decides the decision should have been.
And there was a top VC... I can completely understand why people are getting out of Delaware.
I think it was Brad Gershaw, was it?
So a top VC at one panel basically said, this now means I now have to go to all of my companies and advise them that if they do not at least put on the next AGM... A plan to relocate out of Delaware.
That means they are knowingly exposing their shareholders to the risk that shareholder votes no longer carry weight.
And because you know that this is a risk, if you don't act on it, then you will be personally liable.
So that's why I showed TripAdvisor a little bit earlier on.
If that's actually happened there, the shareholders have preemptively launched a lawsuit against the company for staying in Delaware.
Because basically they don't own the company if they stay in Delaware.
Why wouldn't you?
Yeah.
So this golden goose that Delaware had, basically all of the companies now have to leave.
And it gets worse than that because a lot of people just think, okay, oh, it's just an activist judge who did some crazy shit.
But, you know, this was during the whole period of, you know, 2020 to now, which was the crazy shit period.
It will get overturned on appeal by the Supreme Court of Delaware.
And then it all goes away because it gets overturned and it's like it never happened.
It's a fair assumption to make.
Yeah.
Elon is screwing them completely by saying, no, we just leave.
Oh, right.
He's not going to appeal it.
Yeah.
Right.
We're going to leave it on the books.
That's funny.
We're just off.
Because this is going to be a question of standing, right?
Other companies aren't going to have standing to appeal someone else's judgment, obviously.
So if Elon himself doesn't appeal it, this becomes a case word.
There's a word.
Precedent.
Precedent, that's it.
That is just going to stay there?
Yeah.
Because the thing is, the Supreme Courts of the States can only...
Do things that have been brought to them as well.
They can't affirmatively go, okay, we need to go and sort that out.
They need to wait for somebody withstanding to bring a case.
So she has just essentially screwed Delaware indefinitely.
Yes, because now these companies basically have to leave.
And it's anywhere between a third and over half of their revenue has to go, which means they need to cut their spending, take into account all the non-cash items.
You're looking at something like 60-70% of their head count needs to go.
A lot of Democrats are going to get booted.
Not a winning yet, Jack.
Now, I mean, you can't feel too bad for them because Delaware is a massively...
Democrat stronghold, yeah.
Joe Biden comes from Delaware.
Yeah.
I mean, there hasn't been a Republican governor there for like decades and decades.
Democracy is when you get what you vote for.
You vote for this.
And good on Elon Musk.
Let's leave it there and get to the video comments.
That was funny.
I am an architecture snob with a particular fascination for beau arts in neoclassical America.
And unfortunately, everything pertaining to this has been tainted by the Tartarian movement.
A bunch of weirdos who think that our grand old buildings weren't built by us.
They're an ancient race of aliens.
And the white man moved in, stole all their buildings, which were allegedly sites of ancient energy and power.
Bunch of new age crap.
And while the Tartarians are a tiny cult of weirdos, I think it speaks volumes that we as a civilization are so demoralized, it's preferable for these people to believe that our own buildings were built by gods rather than the very human...
I've never even heard of this.
Tartarian movement.
Oh, yeah, that came up.
I did a conspiracy brokonomics with Bo recently, and the Tartarian, I mean, it's basically like the Atlanteans.
I mean, it sounds great.
Yeah.
I'd never heard of it either, but basically think Atlanteans, but all over the place.
Okay.
I love conspiracy theories.
It's always great to find a new conspiracy theory.
Because the thing is, a lot of conspiracies are kind of played out at this point.
It's like, yeah, okay, they're lizard men, or they're from Zeta Reticuli.
Bigfoot.
Yeah, Bigfoot.
But yeah, I know them all.
I know them all.
They're boring.
Give me a new...
Oh, here we go.
Bloomberg.
Tartaria.
Inside QAnon, apparently.
Apparently, this is a QAnon conspiracy.
Believers in Tartaria conspiracy theory are convinced that the elaborate temporary fairgrounds built for events like the Panama Pacific International Exposition in 1915 were really the ancient capitals of a fictional empire.
That is so hilariously preposterous.
Because, I mean, the buildings, don't get me wrong, they're nice, but it's not the pyramids, is it?
You know?
Obviously you don't need aliens to build that.
No, I'm joking.
I watch a YouTube video and bring myself up to speed on it.
Yeah, that is incredible.
Thank you for bringing that to my attention.
Yeah, I'm going to watch loads of YouTube videos while I'm asleep now.
The Tartarians!
And let's go to the next one.
Bourgeois liberals.
I mean, it's an invasive species.
And I think I have a solution here.
Become Arnold Schwarzenegger in Predator and go through the jungle.
Yeah, and the problem, of course, is that...
Leftists are outraged.
Look at these mean men with their guns.
It's literally the most dangerous game.
It's the swiftest, most humane thing to do.
Just shoot them.
Make it a day out.
It'll be fun.
There's literally nothing else you can do.
Eventually, we'll have a hippo emperor of Colombia.
This was talking about hippos, not leftists.
Right, okay.
Let's go to the next one.
one i suppose i still agree anyway bidding goodbye to the 2024 deer season these highlands are the mountains of western virginia not far from the real world town that was the inspiration for mayberry from the andy griffith show Thank you.
Enjoy the wild places such as you're able to find them.
As it didn't look that wild, it looked like that was pretty cultivated, those neat rows of new pine trees that had been...
That doesn't look very wild to me, I have to say.
Wild-ish.
Not really, because literally humans are setting rows of pine trees to grow a new forest.
This is not wild.
This is cultivated, which is fine.
And don't get me wrong, that's still beautiful.
And it's good that it's well cultivated.
But that's not wild.
I watched a thing about Alaska the other day.
And Alaska is truly, like, wild.
Alaska's got a population of, like, 700,000, but it's about the same size as, like, Texas and California combined.
So it's mostly empty.
And it's mostly mountain and, like, tundra and forest.
It's like, Jesus.
It sounds really appealing.
To a certain degree.
I mean, it's also really cold.
It's also really dark for the winter months because it's so far north.
It could be cool for a holiday.
You get left the hell alone by everybody.
Yeah, a two-week holiday or something in Alaska actually does sound cool.
But I don't think I'd want to live there.
Let's go to the next one.
Good afternoon, ladies and gents.
I'm going to tell you a little bit about military elective monarchy.
A true king heading up the executive, whose heir is to be selected through a modernised written of veterans, hereditary aristocrats that will actually have to meet their obligations in exchange for their privileges, and an electorate in which fealty to the British tribes is paramount.
The upcoming series of video comments, I'm going to do a brief introduction, going through the reforms required to each of the bodies politic of the UK. Thank you.
Yes, I agree entirely.
I think we're more likely to get your proportional representation, though.
Yes, unfortunately.
But yeah, no, I am a...
My political manifesto is basically the restoration of the Kingdom of Wessex, so I'm on board.
Yeah, I haven't got any complaints of that.
Let's go to the next one.
Jared Diamond has travelled the world and made observations about how civilised various peoples are.
He sets out to explain what he thinks are the factors that cause civilisation to spread.
His contention is that although it originated in Mesopotamia and grew in fits and jolts around the world, there's nothing inherently special about the place in which it originated.
This is simultaneously correct and deluded.
The book should have been called Geography, Agriculture and Writing, as he concedes they are the real forces at play.
Although a product of English civilisation, he is at pains to diminish Yeah, it was probably about 20 years ago now, something like that, I read Guns, Germs and Steel.
And he has a persuasive thesis, but this video comment was exactly correct.
He seems to misidentify these things.
He's a liberal, so he's trying to make it so, well, everyone's a universal person and it doesn't really matter.
And it was just the Guns, Germs and Steel that did this.
But it's exactly correct.
And this is a point that Thomas Sowell makes.
Geography really matters.
I'm actually something of a geographic determinist on this thing, because if evolution is true, then people have to kind of become different due to their geography, which is why people are different.
And so this has to have a determinative effect on what societies can do.
And for example, Europe's a really interesting thing, because the Mediterranean Sea has so much coastline, right?
If you look at America, it's actually got hardly any coastline.
And so coastlines are really important for trade because trade is so much more easy when done by boats.
It's just incredibly energy saving.
So if you've got three continents that are intersecting with a nice big and strangely shaped coastline, what you have is the ability to have hyper-connected series of trade routes.
And this means that the trade is easy, it's effective, and it's very Profitable, and so this creates, this springs up giant civilizations.
Well, and also I suppose that in Europe, rivers typically flow out to the ocean, whereas, say, in Russia, the rivers flow mostly into the Arctic.
Well, then, yeah, fair, that's...
Yeah.
Yes, that's an issue.
But also navigable rivers and things like this.
Europe's covered in navigable rivers, really long ones, and just lots and lots of them, whereas Africa's not covered in navigable rivers.
So there's a geographic element to it.
They don't have to build boats as well.
Sure, sure.
So there is a strong argument from geography as to why Europe is like it is, and say why China isn't, for example.
China isn't separated.
In the way that Europe is, right?
So Europe has got lots of mountain ranges.
Europe's got, like, natural barriers, like massive rivers that form natural...
China only has, like, two or three giant rivers, but the whole thing is basically a plain.
Well, yes, and I suppose they had to build the barrier they're famous for, which is the Great Wall of China.
It was just literally a long wall.
It's not attached to a mountain range or anything.
It's just...
Here we go, let's have a wall.
Because they needed one.
Because it's just flat forever.
And so geography really matters.
And that's actually a point that Jared Diamond does make, but he doesn't want to make it.
So anyway, the video comment was correct.
Is there another one?
Eloise's comment that Josh read yesterday was something I've also thought about recently.
Communities and countries no longer have shared experiences.
I could meet someone's idol who has millions of viewers and have no idea who they are.
Carl's concern of procedural AI movies, I think, is warranted.
I think people need shared experiences to not literally go crazy.
Our physical neighbors are no longer our cultural neighbors.
Yeah, I think that's a really good point.
Yeah.
When we were young men, you could walk into work and just naturally have a conversation about what you watched on TV last night.
Everyone watched Star Trek or something.
Because these days, if you told people about what you watched on TV last night, why are you telling me that?
You wouldn't.
You'd be like, I watched a YouTube video last night that you definitely didn't watch.
It's like, oh, okay.
So go and watch Tartare videos tonight, folks.
So tomorrow.
But yeah, it's a real issue, I think.
Hey Dan, what do you think about the recent crypto slump, especially with Bitcoin?
The optimist in me wants to think that the speculators are just trying to get a pre-boom dip that they can buy on, but a bit nervous, man.
Let me know what you think.
Yeah, I noticed that.
I kind of ignore it.
I mean, two factors you need to take into account is during any bull market, it's relatively common for there to be 15% to 25% pullbacks.
So I don't really care.
But this particular thing is caused by inflationary fears, which could be linked to tariffs, that is going to force inflation to go higher and interest rates to go up, which will then lower the discount rate for long-duration assets such as crypto.
I just ignore short-term movements, really.
Until something fundamental changes, I'm not going to change my view, so I just kind of ignore it.
Let's go to the next one.
Hey, gents.
My daddest analysis of Hook is on YouTube right now, so go and check it out at cscooper.com.au and let me know what you think.
I think I've made some pretty good points.
I haven't watched that one for years.
The last one?
I did like that.
Good.
So Sam says, debt truly is the ticking time bomb that could ruin our civilization faster than DIR migrants ever could.
The quicker we get it under control, the better.
Honestly, it's just whether we can weather the boomers.
I assume I'm not going to get a pension or anything.
I don't think any Gen Xer is expecting it.
No, I don't know anyone who is.
It's just this kind of cynical...
If any boomer has to go without...
Even for six months.
Someone online says, Doge is teaching the wasteful government about the power of the Shiba Inu.
Yeah, it is nice how mimetic that has become.
Arizona Desert Rat says, I'll never understand the justification of the government always spending more money than they receive in revenue.
It will collapse in one day.
If they weren't the state, this wouldn't be viable.
Everyone else on Earth has to live within their means.
Yeah, and every corporation.
Basically everything.
Every organisation.
I can just feel an angry government bureaucrat going, yeah, but you don't have 100 million boomers to look after.
That's a good point.
I don't.
Kenneth says, 7.2 trillion broken promises currently keeping the US afloat does not bode well for our future prosperity.
If those who continue to stand in the way of us who desperately want to get a handle on things are not barred from society with extreme prejudice.
Yeah, I mean, it's just mad, actually.
How there are people who are just completely in favour of the status quo.
Roman Observer says most boomers born in 1946 and 1965 are already pensioners, as in above 65, except for the last batch.
Yeah, I think the youngest boomers are like 63 or something.
Yeah, the last batch is the big one though.
So the ones who are 63, so the baby boom is basically two booms, a small boom and then a really big boom.
And it's the really big boom that are hitting retirement now.
So it's literally within two years, every single boomer will be a pensioner.
And then they can raise their retirement age.
Fine.
You know what?
Fine.
Let's just get through it.
If you were a boomer, you really did win life.
You won the lottery.
Not just life.
You won the cosmic existence of humanity.
No one's ever had it better.
You're welcome.
Gen X's have been paying tax all their lives and getting close to retirement soon.
They will oppose any reform of the pensions.
Yeah, but that just means they'll get nothing because the system will collapse and it won't pay.
Thomas says, Heinleinism is inevitable for the West.
I'm totally in favour.
Sam says, the Democratic Party, like other left-wing parties, can define themselves by what they're against.
Which is why Kamala Harris has no discernible policy and why she would divert every question to be about being.
About Trump.
Correct.
What is Heinleinism?
Is that the guy who wrote Starship Trooper?
It is, yeah.
The view of Robert Heinlein, which is service guarantee citizenship.
Get a job, basically.
So Heinlein's utopia is like a libertarian, hardline libertarian utopia.
Right.
There's no social spending.
Yeah.
But there's an incredibly capitalist culture that's ruled over by a minimal state that can only be joined if you spend two years in the military or something.
Okay, because I haven't read the book, but I did watch the film, and I know the film hated the book.
Yeah.
But all the same, looking at the film, there's like no crime, everybody's happy and healthy, and I'm told that this is a dystopia.
Yeah, exactly.
Where's the evidence of the oppression?
Yeah.
It's like, the guy's like, you're going on holiday, you're not joining the army.
Oh, no.
Oh, you got me, Dad.
I'll go on holiday to Zegima Beach.
You know, oh, no.
Yeah, exactly.
Everything looks amazing, because that's probably what it would end up being like.
Warlord Wututai says, the section of the Dems led by AAC are embracing so-called Dark Woke, which seems to be ever more obnoxious.
I'm actually going to do a video about Dark Woke after the podcast.
That's a thing.
Yeah, I'll explain it.
It'll be on the Daily Channel.
It is a massive cope, and it's hilarious.
Lars says...
Calling fixing the country, quote, white supremacy is not giving off the messaging they think it does.
It's like, well, that's why Trump keeps winning, frankly.
Matt says, watching this footage, it's like they have literally no idea why people aren't voting for them anymore.
Still pushing the land acknowledgements and the gender craziness.
I hope they keep going with this, and soon they'll fade into obscurity.
Yeah, so this is kind of what...
What's his name?
The pagan...
Who's the last pagan emperor of Rome?
Chat.
Remind me.
I know his name.
It's on the tip of my tongue.
It's not Julian.
No, it is Julian.
Julian the Apostate, right?
So Julian the Apostate didn't like Christianity and he wanted to return to pagan Rome.
So his plan was to literally prevent Christians from attending school.
Because he was aware that it was through the intellectual exercise of the Christian doctrine that gave legitimacy to...
Wouldn't that just cause him to set up Christian schools?
Well, he'd prevent them from being teachers.
It's banned.
There's not capitalist enterprise.
If the emperor says you can't be a teacher, you will never be a teacher.
And so he would only teach paganism.
And so he was under the impression that what this would do is, after a long enough period of time, it would lead to Christians not being able to validate and justify their own theological beliefs.
So essentially it would become a dogma that they would just parrot.
You know, this thing.
But they wouldn't be able to answer questions and identify within the theological framework of why it's the case.
Whereas the well-educated pagans would be like, we know all the...
Because they would have the trivium.
Exactly.
They would have the literature and experience behind it.
And that probably would have worked if he didn't die in battle young.
He ran into a battle without wearing his armour and got killed.
So, brilliant.
So the Christians...
Then a Christian emperor took over.
And basically, this is what...
This is what Elon and Trump need to do with...
Woke in the universities.
Basically make it so that they can't teach children woke stuff.
Oh, right.
I get where you're going now.
And in 20 years' time, you'll have, like, the legacy cohort of woke lunatics parroting about white supremacy and gender transitioning, and normal people will be like, why are they saying any of that?
And then when they interrogate them, they won't be able to justify their own beliefs.
Because they can't do that now.
They can.
The really good ones can, right?
But those really good ones won't have been funded.
They won't be teaching any children.
They won't have the nonsense.
And so we will return to some semblance of normality.
Stop funding our enemies.
Yes.
Just make sure they can't teach your children, basically, is the thing.
And Furious Dan says, Now that David Hogg is vice chair of the DNC. I can't wait for him to cry and scream.
I'm a politician that calm collected JD Vance in the 2028 debates.
Yeah, me too.
Anyway, we're out of time there.
So thank you very much for joining us, folks.
Go over to the Daily Channel, because this afternoon you will get the Dark Woke video.
And come and sign up.
£5 a month.
Keep the lights on.
Support us.
Blah, blah, blah.
And we'll see you tomorrow.
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