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Yikes. The Fed has nonetheless realized nothing about inflation


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At this time we’re going to return in time to June 27, 1519 to a spot referred to as Pleysenburg Citadel in Leipzig, Germany. Now, that is the air of the Holy Roman Empire. And the Emperor Maximilian I had died a couple of months prior, and there was to be a brand new emperor elected the next day. And there in Plysonburg Citadel, all the employees had been there. They had been preparing.

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They had been hanging tapestries and the good corridor and placing up chairs and so forth, preparing for this actually large occasion. And you’d assume that that occasion would have one thing to do with the election of the brand new emperor. That might be the discuss of the city. Oh, my God, who’s going to be the brand new emperor? That’s going to be the brand new emperor chosen?

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Who’s going to be no one cared, a minimum of not in Leipzig. Maybe all over the place else throughout the entire room and empire. They had been excited about that, however not in Leipzig as a result of one thing far greater was occurring in Leipzig the following day. It was, curiously sufficient, a debate, which sounds sort of boring. Who cares a few debate?

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However for these guys, it was just like the Tremendous Bowl. It was an enormous occasion as a result of it was a battle between the world’s strongest establishment and any individual who we’d in all probability think about at present primarily a star affect, an up and coming celeb affect. And any individual had not too long ago shot to stardom. And so they had been going to debate collectively within the nice corridor of Pleysenberg Citadel. And it was such a giant deal.

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No person cared in regards to the election of the emperor and who was going to be chosen emperor as a result of it was all about this debate. They had been speaking about issues that up till that second had been principally taboo. You Simply didn’t speak about this stuff. There was a fierce change over the character of free will. You didn’t speak about free will again then.

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That was a taboo topic. You didn’t speak about this stuff. And it was issues that simply had by no means been mentioned in public earlier than. And it was a giant deal. It grew to become often known as the Leipzig debate.

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And once more, on one facet, you might have essentially the most highly effective establishment on this planet, the Catholic Church, which at that time principally managed just about every part. Managed politics and even warfare and funds throughout Europe, managed ethical pondering, mental improvement, all this stuff. What you could possibly and couldn’t say, what you could possibly and couldn’t do. And the Catholic Church was represented by this scholar, this non secular scholar named Johan Ek. On the opposite facet, once more, this new celeb influencer who had shot to stardom.

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He was a tutorial. He was a professor on the College of Wittenberg. He’s a 36 12 months outdated man. His identify was Martin Luther. In fact you already know the identify.

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And the 2 debated, and Luther destroyed Ek on this debate. Destroyed Ek. Luther was highly effective. He was sensible. He was insightful, he was humorous.

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And by comparability, eck. Appeared similar to a stooge in comparison with Martin Luther. However the factor is that profitable the controversy wasn’t really Johanneck’s purpose. Johanneck was actually making an attempt to lure Martin Luther into committing some form of blasphemy. Martin Luther was a thorn within the facet of the Catholic Church.

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He was an issue. And so they had been making an attempt to determine a strategy to make him go away. At first, they thought like, oh, let’s simply excommunicate him. However they couldn’t fairly try this as a result of Luther was so in style. So that they wanted to lure him.

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They wanted to get him to say one thing was so outrageous, so blasphemous, that the Pope might simply have grounds to excommunicate him. And so Eck was making an attempt to lure Martin Luther right into a lure. And so they introduced up one other thinker, a man that had really been burned to the stake by the Church, branded as a heretic. And they also mentioned, Martin Luther, do you agree with this man who was burned to the stake? And Lou mentioned, properly, yeah, really, there are some issues that he mentioned that had been fully believable and cheap and possibly we should always think about them.

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And so, in fact, X, you already know, pondering to himself, I acquired this man, I acquired this man. And they also return to the Pope and, you already know, he tells the Pope mentioned, look, he agreed with this heretic. He agreed with the man we burned on the stake, and he mentioned it in public, and all people heard him. So now we acquired him, proper? Now we acquired him.

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And he acquired to form of pause. Now, we didn’t discuss in regards to the Pope as a result of the Pope is a the Pope is sort of a really attention-grabbing man on this entire situation. The Pope is a man named Leo the tenth. Leo the tenth was born Giovanni Demetici and naturally, these from the well-known Medici household. And he was really the son of essentially the most well-known Medici of all, lorenzo Dietici, who is called Lorenzo the Magnificent.

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Now, Lorenzo the Magnificent was one of the highly effective figures in all probability within the historical past of Europe, definitely at the moment. And Lorenzo was I imply, he had his fingers in every part. He had been I imply, banking and authorities and warfare and every part. And naturally, why not the Church, proper? So he he goes and he has he has a really clear, long run plan about making his son Pope.

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He pushes his son into non secular service ranging from the age of seven. And for those who might even think about this, I imply, Lorenzo was so highly effective that when his son Giovanni is simply 13 years outdated, he has giovanni made a cardinal. That’s how highly effective Lorenzo was, is that Giovanni was made a cardinal when he was only a child, 13 12 months outdated cardinal. I imply, what do you consider it at present? It’s ridiculous, however that’s how a lot energy Lorenzo Medici had.

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And so right here there’s this 13 12 months outdated child who’s made principally a senior govt inside the forms of the church at 13 years outdated. I imply, the man’s nonetheless acquired pimples throughout his face. He’s a cardinal now. It’s ridiculous. And it wasn’t lengthy after that Giovanni de Medici was made Pope Leo the tenth.

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He was 37 years outdated. I imply, give it some thought at present. That’s extremely younger to be made pope. And he grew to become Pope Leo the tenth. And as you’d think about, he used church sources.

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He was a Medici, so he used Church sources to advance the pursuits of his household, to assist all his totally different relations in banking and authorities, et cetera. He waged ridiculous wars. There was a conflict. He waged conflict towards France. There was no motive why they need to have gone to conflict towards France.

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He began becoming a member of different wars and principally simply shoving his fingers into European politics and fully destroyed Church funds to take action. And whereas on the identical time this man had extravagant style, he was legendary for his extravagant this man had a pet elephant. He had a pet elephant who would wander round Rome. The pet elephant’s identify was Hanno. I imply, this isn’t some loopy story.

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That is really an actual factor. The man had a pet elephant. I imply, they had been eating like kings, and there was spending a lot cash. And there was additionally lots of rumors about this man’s unquenchable sexual urge for food. Some historians debate that and say, properly, there’s probably not any clear proof, but it surely’s not like they might have written that stuff down.

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However Leo, he was a human being, proper? He was a human being. This isn’t about all this stuff that I’m saying, by the way in which. That is nothing in regards to the Catholic religion. We’re speaking about human beings who’re principally politicians working a really giant establishment, who the historic file reveals very clearly, at a minimal, abuse their authority.

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And Leo isn’t any exception to that. There are lots of people who got here earlier than him, lots of people who got here after. And the factor about Martin Luther is martin Luther knew it. Everyone knew it. All the things that Leo did, every part that earlier popes did, all people knew it.

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And Luther was really a little bit of an apologist for Leo the tenth. He mentioned, however he mentioned, oh, the pope’s an excellent man, and he had a troubled childhood, form of like Prince Harry. It’s like, oh, boohoo, I’m a royal millionaire, and I’ve had a tough life. And that’s sort of the way in which Folks form of apologize for Leo. And so Luther was sort of on his facet, however the place he had an actual drawback, the place he had an actual drawback, a minimum of at first, he was on his facet.

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However the place Luther had an actual drawback was with the monetary corruption. This factor you in all probability heard of this concept of the promoting of indulgences. Now, within the Center Ages, the idea of an indulgence was very totally different from what was at present, 500 years in the past. The indulgence, this in observe was primarily that you simply had been buying and selling everlasting salvation in change for cash. And there’s really a proper.

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You’d get like a certificates. You get this piece of paper saying, we absolve you of this stuff. It principally grew to become this snake oil business. It acquired so ridiculous. You had a monks and bishops and the Pope himself going out promoting this stuff.

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There have been professionals who would exit and principally dealer these offers. There have been professionals who would exit. They had been referred to as skilled companions. And they’d exit typically they might entrance run. They might exit and get a bunch of those certificates upfront.

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They might go and pay the clergy for these certificates after which exit and resell the certificates. It was form of like form of like getting like a clean indulgence certificates after which exit and resell the stuff. These folks had been pardoners. They had been skilled companions. They go round to folks and say, properly, oh, are you a middle right here?

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Come and provides me some gold, and I’ll provide you with this certificates. And all people knew they had been so sick of these things. It was so legendary. In case you’ve ever learn or a minimum of heard of jeffrey Chaucer’s Canterbury Tales in Canterbury, tails is definitely one of many tales, is the associate’s story. And the associate really goes and admits, like, oh, yeah, I completely fleece folks.

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It’s really easy to fleece folks if you’re promising them everlasting salvation. And this principally made its manner into in style literature on the time. That’s how outrageous it was. Everyone knew it. Everyone knew it was bullshit.

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Everyone was sick and uninterested in it. And that is the factor that Luther once more, this man, he was a professor of ethical theology on the College of Wittenberg. He had an enormous drawback with this as a result of he thought, why are we lining the pockets of the clergy and these snake oil salesmen? We might do quite a bit higher with that cash. Hell, we might simply give it to the poor.

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Poor. If the entire thought is to do one thing good with this cash, as an alternative of giving it to the clergy, simply give it to them on to the poor. Reduce out the middlemen, and possibly we’ll do some good right here. This was Luther’s view, and he felt that this idea of promoting, of indulgences was extraordinarily immoral from his place as a professor of ethical theology. However he seen it nearly as a tutorial lens.

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Luther wasn’t a revolutionary. He by no means meant to be a revolutionary. The massive story in 1517, Luther writes the 95 Theses, and he goes to the church door in Vittenberg, and he nails the church door, and there’s form of this historic story, like he’s marching to the church door with hammer in hand, prepared to begin a revolution. However that’s not what it was in any respect. Luther was a tutorial, and his 95 Theses was primarily a tutorial paper.

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It was simply written nearly as one thing to say, oh, right here’s some dialogue factors that possibly we will speak about in some unspecified time in the future. And he places it on the door or the church door in Vinberg as a result of the church door was primarily like a bulletin board. That’s the place you say, hey, I misplaced my canine as a result of anyone’s seen my canine? And also you nailed that to the church door. It was simply this neighborhood bulletin board.

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And it wasn’t this factor to say, I’m beginning a revolution. It was actually simply this very innocent, harmless form of occasion. However what ended up occurring was he touched a nerve. Luther touched a nerve. He wasn’t the one one.

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There was any individual he had really a colleague, a man named Carlstatt who only a few months prior wrote 152 theses towards indulgences. It didn’t actually catch on as a result of 95 theses was the appropriate quantity. It was a catchier title or one thing like that. However, you already know, Carl standing didn’t actually catch on. Martin Luther’s did.

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Martin Luther’s did. It touched a nerve. There was this there was this, you already know, comparatively new know-how. The printing press. It had been round for some time, however but it surely was getting increasingly in style.

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And Luther’s work was copied and copied and broadly circulated. And folks had been studying this, going, sure, sure, that is precisely what it’s. This man, he nailed it. No pun meant. He nailed it.

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Luther actually touched a nerve. Everyone knew what was happening. Everyone knew the promoting of indulgences was a extremely horrible observe. Everyone knew. It was immoral.

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It was unethical. These guys are on the take. They’re principally stealing cash from poor folks and dwelling excessive off the hog. They acquired an elephant working round Rome. They’re consuming feasting like kings on the expense of the poor.

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And all people knew it. And Luther was one of many guys that mentioned one thing about it. Once more, not aspiring to be a revolutionary, however he was actually speaking about it from a tutorial perspective. Nevertheless it was the general public that acquired maintain of this and the general public mentioned, sure, Martin Luther, you’re our champion. And the factor about Martin Luther that separated him from different folks once more, folks like Carl Stat and others that had been additionally saying this martin Luther grew to become the champion of the trigger partly as a result of he was sensible.

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Carlstadt was at that debate as properly. However Carlstatt acquired destroyed. However Luther was sensible. He was eloquent. The opposite factor about Martin Luther, although and that is one thing that lots of people, I believe, don’t actually respect about Martin Luther this man liked to battle.

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He liked to battle, and he had large balls. He didn’t care. He would he would go up towards the Catholic Church. He went he went and poked his eye, you already know, poked his finger proper within the eye. The Pope, proper within the eye of the Catholic Church.

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Didn’t care. Like to battle. Like to battle. Everyone else is a bit of bit no, we shouldn’t ruffle their feathers. Let’s not rock the boat.

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Everyone simply wished to sort of placate, possibly attain a compromise. Luther didn’t care. Luther wished to battle. And that’s one thing I believe lots of people don’t actually know or actually respect. Luther actually liked to battle due to that, and he was sensible and he was eloquent.

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He grew to become the champion of this trigger. So the factor that actually kicks off the revolution at first, Luther once more, he tried to say, properly, look, the Pope, he had a troublesome time, he had a troublesome childhood, all this Prince Harry stuff, proper? It was actually foolish, but it surely was the way in which that the Pope responded. And that is the factor that actually folks simply livid. The very first thing that the Pope’s, they impart, they problem this stuff referred to as bulls, proper?

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The papal bull. It’s this form of official proclamation, and the Pope points this bull, and he says, I haven’t performed something mistaken. All the things I’ve performed is totally proper, and there’s nothing to see right here. There’s no improper promoting of indulgences. There’s no monetary corruption, and no one has performed something mistaken right here, and there’s nothing to see.

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And that made folks livid as a result of it’s like, don’t insult my intelligence. Everyone knows what’s happening. However he adopted that up with yet one more one. This was now after the the good debate in Leipzig. And once more, Johanne Eck had lured Martin Luther into committing blasphemy, mentioned, Ah, he agreed with that man that heretic that we burned on the stake.

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And they also he goes again to Pope Leo. Now, Johanneck, he mentioned, hey, we acquired Martin Luther. We acquired him. We nailed him. He’s he’s he’s dedicated blasphemy.

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He agreed with that man. We burned the stake. He agreed with the heretic, so let’s excommunicate him. So Pope Leo points one other bull, and this different bull comes out on June 15, 1520. Issues moved a bit of bit slower again then, proper?

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So they’d the controversy in 1519, and now it’s 1520, issues transfer a bit of bit slower. So Populous points this different bull, they usually really identify the bull the Bull. I really like this identify. Ex sergey dominate means come up, O Lord. And on this papal bull, excerjay dominate.

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He condemns precisely, exactly 41 of Martin Luther’s statements. And on account of this heresy that Martin Luther had dedicated in these 41 statements, he orders the general public burning of all of Martin Luther’s works. And he offers Lutheran final and he says you might have 60 days to come back to Rome and publicly recant your 41 condemned heretical statements or else we’ll excommunicate you and you’ll burn in hell without end and ever till the tip of time. And you’ll be shunned as a heretic by all of the devoted and civil authorities will take you into custody and ship you to Rome and all this stuff. And once more, folks had been livid.

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Individuals had been livid. That was actually a breaking level, as a result of, once more, slightly than to confess to say, yeah, you already know, what? We’ve made some errors. Martin Luther. You’re proper.

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You’re really proper about lots of issues. And we should always have a dialogue, and possibly we convey you into the fold right here and assist us, assist advise us on the best way to clear this up. And we’re engaged on cleansing it up, and we need to clear it up, however hey, you already know what? We’re simply people, and it’s not about us. It’s about our religion.

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And let’s deal with that, and we’ll try to do higher. As a substitute of doing that, they double down on the lie. They’ve this fully tone deaf response and say, the man who says the issues that everyone is aware of are true, they are saying, you’re a heretic. We’re going to excommunicate you. You must publicly recant.

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And so they double down on this lie and show they’ve realized completely nothing. And that was the ultimate straw. That was the ultimate straw. And that story ends with Martin Luther. He really so he’s given 60 days to come back to Rome.

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He waits 60 days. And on the sixtieth day, he knew that he had tremendously in style assist from the folks, individuals who understood the reality, and particularly youthful folks, those that had been finding out lecturers, they usually had been studying these things, they usually go, Come on, everyone knows. However I imply, even the lowliest peasant, all of them knew what was happening. All of them know. They’re giving their cash to the clergy.

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And the clergy, wow, they positive do have good lives. You see this at present? Properly, these guys positive do. They positive do have good vehicles. They positive do have good homes, despite the fact that they’re males of the material.

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That’s a bit of bit unusual. Luther publishes this open letter. It’s written in German as an alternative of Latin. Latin was the tutorial vernacular on the time, however he writes this letter in German to German folks, proper? And it’s an open letter.

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And he principally says, you already know what? Overlook about these specialists. We are able to’t we will’t depart our personal, you already know, private and ethical philosophy to the knowledgeable class. Each individual has the appropriate to interpret, you already know, the Scriptures and the Bibles in his or her personal views. And quantity two, by the way in which, there should be an investigation and study.

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Why do all these large photographs in Rome? Why accomplish that many members of the clergy dwell higher than the richest kings on this planet? Doesn’t that appear unusual? Why ought to we, as Germans, proceed to assist this theft? Why ought to we hold sending our cash to those folks in Rome who’re going to dwell excessive off the hog and have these luxurious life and so forth?

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I imply, once more, that is what you see. You continue to see lots of these things at present, not essentially within the Catholic Church a lot, however lots of these different denominations. You gotta lots of very rich folks in faith with extraordinarily good homes, extraordinarily good vehicles. They exit and get cash from poor folks. These things nonetheless exists at present, and it’s the identical factor all people sees at present, says, properly, that’s so apparent.

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It was apparent within the 1005 a whole lot. It simply occurred to be the Catholic Church again then. And Luther raised a giant crimson flag about that and mentioned, we should always have an investigation about this. And he went on and really blasted the Pope particularly and mentioned, Why do you retain burning heretics? Principally saying, if it’s important to burn any individual alive as a result of they disagree with you, then your argument clearly has no benefit.

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Luther mentioned, quote, we should always vanquish heretics with books, not with burning, which is a really highly effective assertion again then. Once more, these are nonetheless the times of the Inquisition, and they might simply resort to violence. And Luther mentioned, no, that’s silly. If it’s important to resort to violence, your argument has no benefit. The very last thing he mentioned, and that is when it was on, this was when it was clearly conflict, is he mentioned, There needs to be no particular remedy for the clergy.

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We’re all human beings. All of us fall into the identical sky, and there needs to be the identical guidelines governing the clergy as the remainder of society. There needs to be no particular authorized remedy. They need to need to comply with the identical guidelines as all the remainder of us. The Pope noticed this and mentioned, oh, no, you may’t say that.

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In fact we get particular remedy. And you’ll’t say that we don’t get particular remedy. You possibly can’t say that we needs to be investigated. And so, in fact, that’s just about the tip. Now Luther, the entire thing simply spirals uncontrolled and begins actually what historical past calls the Reformation.

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Martin Luther is credited with beginning this Reformation, but it surely was primarily a revolution. You bought to consider the Catholic Church on the time. It was principally a supranational authority, a supranational theocracy. Sure, there have been kings and queens. You had monarchy in Spain and monarchy in France and monarchy in England and the Holy Roman Emperor and all this stuff, however primarily, the Pope was there over all people.

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The Pope had the flexibility to wage wars and make items and so forth, and actually might meddle in throughout European politics. And that’s one of many issues folks had been rejecting. They mentioned, no, it was nearly form of like a proto European Union headed by a non secular chief, proper? And folks mentioned, no, we don’t need that. We would like our personal form of sovereign independence.

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And on the identical time, we predict that we don’t want this highly effective establishment to inform us each single factor how we will dwell and what we will do and what we will say and what we will learn and so forth. Like, no, we’re bored with that. We’re bored with this knowledgeable class telling us the best way to dwell our lives. And it was, in that respect, a revolution. It was nearly a political revolution towards the supranational authority.

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It was an mental revolution, that it was by means of this mental revolution that we acquired issues just like the Age of Enlightenment and the Age of Discovery and all of the totally different scientific advance and so forth that got here from that. It was from the Reformation, this mental revolution. And Martin Luther, once more, is credited with beginning it. However you bought to additionally look particularly on the Pope and understand they simply didn’t get it. That they had realized nothing.

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They knew their credibility was declining, had been declining for hundreds of years. They knew this, however they did nothing about it. And their response to this entire factor, once more, as an alternative of claiming, yeah, we’ve made errors. We shouldn’t be doing it. It wasn’t simply Poplio.

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Everyone had come earlier than him was promoting indulgences as an alternative of truly admitting it and admitting errors and saying, we acquired to get higher, and let’s determine how to try this, their response was completely tone deaf, they usually proved to all people that they’d realized nothing. And that’s what leads me to at present, curiously sufficient, that is what leads me to none apart from Woody Harrelson, the actor who you might need seen not too long ago went on Saturday Night time Stay. He informed a joke. It is a comedy present. He informed a joke about COVID-19.

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He made this joke. He mentioned that his agent gave him a film script, and Woody Harrelson saying principally he mentioned the film script is the most important drug cartels on this planet. Get collectively and purchase up all of the media and all of the politicians and other people around the globe principally compelled to remain locked up of their houses and might solely come out in the event that they take the cartels medication and hold taking them over and over. It was a joke, clearly, about COVID-19 primarily telling the story of what occurred throughout the Pandemic. And so nearly on cue, you had the standard, you already know, the Washington Submit and Newsweek and all these numerous others popping out and saying, he’s a conspiracy theorist, and you bought to take a look at it.

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They referred to as him an antivaxxer. And also you go like, wait a minute. He didn’t even say the phrase vaccine. There was nothing about vaccines and the monologue in any respect. He didn’t say something about vaccines.

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He didn’t say, don’t take them. He didn’t say that they’re unhealthy. He didn’t say that individuals shouldn’t use them. He didn’t say something about it, didn’t even use the phrase vaccine. However these activists who masquerade as journalists are so delicate, they’re so tightly wound.

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You say something in any respect, they simply bounce on antivaxx, antivaxx. He’s an antivaxxer, despite the fact that he didn’t say something about it. After which, in fact, the opposite one they roll out is conspiracy theorist. You go, properly, maintain on. I’d love to seek out out which precisely which half is conspiracy concept, as a result of he talks in regards to the greatest drug cartels on this planet.

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You go, okay, possibly you could possibly have mentioned oligopoly slightly than cartel, however cartel is definitely you take a look at the American American heritage dictionary definition of cartel. Quote, a bunch of events united in a typical trigger definitely appears relevant to the most important drug corporations throughout the pandemic. As a bunch of events united in a typical trigger. There are drug cartels, there are the banking cartels. It’s not a conspiracy concept to make use of the phrase cartel.

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Certain, okay, possibly you could possibly use oligopoly. However that is hardly a conspiracy to say that the drug cartel definitely meets the definition they are saying, oh, they purchased up all of the media. How is that this not true? Take a look at the college of Texas faculty of media. Truly has a extremely nice evaluate of high advertisers on cable and community information.

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Guess who constantly ranks as primary? The drug corporations. And we all know this. And also you watch activate the CBS nightly information. What do you see at each industrial break?

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Speak to your physician to seek out out blah blah blah is best for you. It’s all of the drug corporations. It’s ridiculous. Any foreigner that comes and activates American tv and sees all these drug commercials acquired to assume that the US is the sickest nation on this planet. And possibly it’s, proper?

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Then he has this remark about shopping for up all of the politicians. Actually? Is that this a conspiracy concept? Massive pharma. You possibly can see this your self.

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You go to opensecrets.org and take a look at foyer teams by business, and you’ll see that large pharma is way and away the primary business amongst foyer teams, fully dwarfing the quantity two business by nearly 70%. Quantity two, you might not be stunned to seek out out the quantity two business lobbying washington is, look forward to it large tech. Massive tech. However large pharma spends 70% more cash than large tech, proper? Then, in fact, there’s the extremely properly documented revolving door between the prescription drugs business and key politicians and bureaucrats.

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These those that go in essentially the most senior positions, CDC and the FDA, and even in congress, they shuttle. They go, oh, you simply left the FDA. Come and be part of our board of administrators. Oh, we’ve got any individual who’s a senior govt in our drug firm. Oh, now you’re going to be on this board of commissioners.

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It goes and approves medication from our very firm. So how is that this a conspiracy concept? What else? They are saying folks had been compelled to remain of their houses. I’m sorry, that’s a conspiracy concept?

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Did you sleep by means of it like that’s? Actually what occurred? And that individuals would solely come out in the event that they take these medication. Properly, that is what Tony fauci mentioned. He stored being requested, when are the lockdowns going to finish?

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When are the masks mandates going to be lifted? When can we return to regular? And he would at all times say it was a operate of uptake. He mentioned, oh, it is dependent upon how many individuals take, which acquired 50% of individuals acquired to take the vaccines 70% of individuals acquired he stored transferring the goalpost, however that was actually. The issues that he was saying is that we will return to regular and we will finish the lockdowns and finish the mandates as quickly as sufficient folks take the medication.

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So precisely which half is the conspiracy concept? So all these folks go antivaxxer conspiracy concept. And to me, it simply jogs my memory of Pope Leo. It jogs my memory that these individuals who during the last three years I imply, these are the blokes for those who assume again three years in the past, they had been the cheerleaders, this entire factor, they had been accountable. It’s simply a lot of the destruction.

[00:25:42.790]

What do we all know now, three years later? We all know the lockdowns had been completely harmful. They had been a really outstanding, brave scientist that stepped up early within the pandemic and mentioned, no, we will’t do that. These lockdowns are harmful. They’re going to have horrible penalties.

[00:25:55.790]

We are able to’t do that. We now have to guard essentially the most weak inhabitants and let all people else exit and dwell their lives. And people folks had been destroyed. They had been canceled. Zero apologies have been issued.

[00:26:05.750]

Zero retractions have been made. However we all know this now. We all know the lockdowns had been harmful. We are able to see the psychological well being toll. We are able to see the destruction of a whole era of younger those that acquired left behind at school that didn’t be taught.

[00:26:18.070]

We are able to see the alcoholism and the drug abuse and the financial devastation. We are able to see all this stuff now, proper? The media was there the entire time saying, we acquired to lock down. We acquired to do all this stuff. Zero polygy tissue, zero retractions.

[00:26:32.470]

Keep in mind again within the days the place they canceled anyone who mentioned, oh, I believe it was a Wuhan lab leak. Canceled. Canceled. That is not solely mainstream thought, the federal government is even saying this. They canceled anyone who dared to say {that a} vaccinated individual might nonetheless get COVID.

[00:26:47.190]

Do you keep in mind these days early on, any individual dared to say, properly, you could possibly really nonetheless get COVID for those who’re vaccinated canceled. However that is clearly all people is aware of this now. You may get 10,000 vaccines and you could possibly nonetheless get COVID in the identical manner you may nonetheless get all types of issues for those who get vaccinated, as a result of no vaccine is 100%. That’s not misinformation. That’s simply true.

[00:27:06.840]

Proper? They canceled all these folks for all this stuff, and it was the media main the cost. And now we all know that each one this stuff are mistaken. We all know all this stuff that they had been saying had been mistaken. Have they realized something?

[00:27:18.320]

No, as a result of as quickly as any individual comes out and even says it as a joke, they bounce throughout this man who says issues which can be really all true, says it as a joke, and slightly than go, okay, yeah, that was humorous. Oh, yeah, hey, we had been mistaken. Jeez, we’re not going to try this once more. We’re going to try to do higher. Oh, no.

[00:27:35.300]

They bounce throughout this man and say, conspiracy theorist. He’s an antivaxxer, proving that they’ve realized completely nothing. Now, we might do that each one day, proper? I imply, you could possibly take a look at I really like to take a look at the Federal Reserve, proper? Federal Reserve central financial institution that answerable for the Federal Reserve of the US, largest central financial institution of the world, managing the biggest forex on this planet, acquired completely off caught off guard by inflation 2021.

[00:28:01.050]

We began seeing some inflation, they usually began off simply rejected it outright. It was March, April of 2021, and other people had been saying, like, hey, what about this inflation? They are saying inflation. What are you speaking about, inflation? I imply, simply gaslighting folks.

[00:28:14.460]

You’re loopy. You assume there’s inflation? You’re silly. You don’t perceive something for those who assume there’s inflation. Lastly, they form of say, all proper, there’s inflation, but it surely’s transitory, proper?

[00:28:23.300]

After which they lastly mentioned, okay, possibly it’s not transitory. And now they they began this like, oh, my God, we’ve got to do one thing about this. We now have to trigger widespread unemployment to repair this. What’s unimaginable is the Federal Reserve will get collectively, they usually meet occasionally. They take dozens of individuals within the room, all these very sensible folks, all these specialists, PhDs and so forth, they usually get collectively in a room, they usually really I imply, they they launch the minutes of those conferences.

[00:28:47.040]

You possibly can really see what they speak about, and it’s, you already know, speak about those that have realized nothing. I really like studying these minutes. It’s unhappy, however sort of hilarious, as a result of they speak about inflation, and what are they blaming inflation on? Putin and the virus and all this stuff. And it’s like, oh, my God, it’s so simply face palm.

[00:29:06.790]

How do you not get it? How do you continue to not perceive? Even a highschool economics scholar is aware of that value ranges are principally the results of provide and demand, the place provide and demand intersect. And what did they do throughout the pandemic? They destroyed provide.

[00:29:19.910]

They paid folks to remain residence and never go to work. They paid folks actually to not work. Gee, what a shock. The availability of products and providers completely cratered. The availability of products and providers declined as a result of they paid folks to remain residence and never work, to not produce items and providers.

[00:29:37.500]

So what a shock. There weren’t sufficient items and providers. There have been shortages of issues. Duh. And people lingering results nonetheless exist at present.

[00:29:45.050]

You had those that due to COVID they simply exited the labor market totally, mentioned, I’m out. I’m not going to work anymore. I’m retired. No matter. And so, in fact, when issues began to open again up once more, there have been fewer staff obtainable to rent.

[00:29:57.880]

And so then swiftly, enterprise is like, oh, we will’t discover staff anymore. As a result of it’s not like these folks simply disappeared. They’re nonetheless there, however they simply don’t need to work anymore. They simply fell out of the labor market totally. And all this stuff, they simply don’t perceive.

[00:30:10.880]

They don’t perceive the influence of all these anti capitalist, anti productive rules. I imply, all these ridiculous issues. You bought an administration that goes and appoints these hardcore woke activists to key positions. You get the pinnacle of the Federal Commerce Fee, which is principally one of many authorities’s chief divisions to manage giant firms. The individual they appointed to be the pinnacle of the FTC is any individual that completely despises giant firms.

[00:30:34.530]

And so every part they do is that they’re continually going and suing large companies. I imply, now you bought the Justice Division. Why is it the Justice Division’s position? They acquired the Justice Division going and suing, making an attempt to cease a merger between two low cost airways. We are able to’t let two personal corporations merge collectively that for some motive the federal government’s acquired to become involved in all this stuff which can be so anti capitalist, anti productive.

[00:31:00.220]

They acquired this horrendous vitality coverage. They’ve declared conflict on oil corporations. Each time he has the chance, the President, United States aviator, sun shades in chief, goes and shits all around the vitality firm, says, oh, they’re horrible folks. They’re making an excessive amount of cash. We don’t like them drilling.

[00:31:14.460]

We predict what they do is evil. He goes and denies them federal land leases to go and drill for extra oil. Oh, wow, what a shock. Oil manufacturing in the US is dwindling. Gee, who might have probably predicted that?

[00:31:29.230]

While you continually dump on the vitality corporations and also you do every part you may to stop them from producing, who might have probably predicted that oil provides, oil manufacturing within the US would begin dwindling? Who might have probably seen that coming? These are the types of issues that by no means present up within the Fed minutes. They by no means speak about any of these things. It’s they are saying, inflation, Putin and the virus.

[00:31:50.770]

You simply have to take a look at this. Go, have you ever not realized any of this? They don’t perceive how they destroyed provide. They don’t perceive how on the identical time, whereas destroying provide, they artificially boosted to band. They are saying, oh, let’s minimize rates of interest to zero.

[00:32:03.130]

Let’s print trillions of {dollars} and shovel all that cash into the financial system. Let’s really allow and facilitate the federal government paying folks to remain residence and provides this infinite stimulus and all these things to folks and states and so forth. And clearly, if you shovel that a lot cash within the financial system, what are you doing? You’re artificially boosting demand. You’re simply placing cash in folks’s pockets.

[00:32:23.030]

They’re going to exit and spend it, however now there’s fewer items and providers to spend the cash on since you destroyed provide. So, gee, what’s going to occur? We destroy provide. We enhance demand by shoveling cash into the financial system. What do you count on goes to occur?

[00:32:36.120]

Decrease provide, greater demand. You’re going to create inflation. A 15 12 months outdated economics scholar in highschool goes to grasp that not the Federal Reserve, that each one these PhDs, they will’t probably perceive. Lots of people predicted this. I used to be one of many guys that predicted this.

[00:32:50.040]

At the same time as early as April 2020, early within the pandemic, I wrote one thing, mentioned, hey, look, we’re going to see, quote, vital value inflation within the coming years. Defined all these things, about trillions of {dollars} being printed and so forth. And I used to be not even anyplace close to the one one. Lots of people figured this out. No person on the Fed might determine this out.

[00:33:06.570]

No person might see this coming. It’s all about Putin. It’s in regards to the virus. And now, in fact, their solely resolution. So, oh, properly, how will we repair inflation that we assist facilitate?

[00:33:15.010]

We’re there each step of the way in which to assist facilitate is to trigger a recession. Their view is that if fewer folks have jobs, there will probably be much less spending. And if there’s much less spending, there will probably be much less demand. And that’s going to convey down inflation, which is definitely completely silly. And the rationale it’s silly is as a result of their resolution I’m doing air quotes focuses solely on the demand facet.

[00:33:34.720]

By no means are they addressing the provision facet of issues, which is de facto crucially necessary. They destroyed provide, and it hasn’t come again. They’re solely centered on demand. And the factor is, they fail to understand that the federal government goes to bail these folks out anyhow. In case your entire thesis is, we acquired to, we acquired to, we acquired to extend unemployment so there will probably be much less spending, the federal government is simply going to step in and bail these folks out.

[00:33:57.050]

The federal government’s going to step in with unemployment advantages. So it’s like, these folks aren’t going to get cash. As a substitute of getting cash from their job, they’re going to get cash from the federal government. The federal government’s simply going to provide them cash. And the place is the federal government going to get that cash from?

[00:34:07.850]

They’re going to borrow it from the Fed. In order that the Fed doesn’t even perceive. It’s like, dude, you’re going to be on this anyhow. You’re going to be printing cash. Give it to the federal government.

[00:34:16.260]

The federal government goes to provide it to the folks anyhow that you simply that you simply’ve simply put out of labor. So what’s the level? What’s the level? However they simply don’t perceive any of this. They don’t even perceive the unemployment statistic.

[00:34:25.900]

It’s hilarious. We are able to see white collar jobs are dwindling, excessive paying jobs dwindling. We see lots of layoffs, et cetera. However they are saying, oh, the unemployment fee remains to be low. They’re livid that the unemployment fee is low.

[00:34:36.630]

They need extra folks should be out of labor. Then they’re livid that the unemployment fee is low. However they solely take a look at the amount of jobs. They take a look at the amount of the unemployment fee. They by no means take a look at the standard.

[00:34:48.160]

They don’t really take a look at the numbers and understand, oh, wow, all these new jobs which can be being created, it’s all for waiters and bartenders. That’s what’s surging. It’s jobs for waiters and bartenders. It’s not software program engineers. It’s waiters and bartenders.

[00:35:00.840]

America is turning into a bartender financial system. However the Fed hasn’t figured this out. What a shock. They’ve realized nothing. Similar to the media, they’ve realized nothing.

[00:35:09.440]

And once more, we will do that all day. We are able to take a look at all these establishments. The White Home, the administration of flier sun shades in chief realized nothing. They hold doing the identical harmful issues. Once more, they’ve declared conflict on the oil corporations.

[00:35:21.700]

Oil manufacturing is dwindling. Wow. Who might have probably predicted so what do they hold doing? They hold dumping on the oil corporations. They’ve realized nothing.

[00:35:29.200]

They helped create inflation by spending an excessive amount of cash. So what do they do? Simply yesterday, aviator sun shades in chief, the man that shakes arms with skinny air, simply launched a brand new funds for $7 trillion. $7 trillion. It’s such a staggering sum of money.

[00:35:46.740]

And also you simply take a look at this. Go have males. Have you ever realized nothing? Have you ever realized nothing? In fact he’s realized nothing.

[00:35:52.850]

Man’s been in authorities for 50 freaking years. He’s realized nothing that whole time. In case you spend $7 trillion, that’s going to be inflationary duh duh. How do we all know that? As a result of they spent nearly 7 trillion.

[00:36:06.700]

They really spent lower than that in COVID-19 and created tons of inflation. Now they need to spend much more cash and assume that that’s not going to trigger inflation. They’ve realized nothing. These woke firms have realized nothing. These woke firms go and alienate their prospects.

[00:36:20.720]

They wag their finger. Their prospects say, you’re a horrible individual, proper? And so they take these idiotic form of woke ideological positions that solely attraction to a small handful of very foolish crybabies on Twitter. However they simply hold doing it over and over. They hold wagging their fingers and alienating their prospects, they usually’ve realized nothing.

[00:36:39.470]

The progressives be taught nothing. They hold dropping elections. These progressive prosecutors hold turning violent criminals out on the road. They hold getting recalled even in locations like San Francisco. However they proceed to insist on their horrible insurance policies.

[00:36:53.310]

Once more, these horrible insurance policies that solely attraction to a handful of very foolish crybabies on Twitter. However they hold doing the identical issues. They’ve realized nothing.

[00:37:03.110]

The excessive monks of local weather change, the John Kerry’s of the world, have realized nothing. They fully ignore willfully, I’m satisfied, ignore the abundance of apparent options. Are they even speaking about nuclear energy? Completely not. All this stuff which can be on the market, they go, no.

[00:37:22.930]

What’s John Kerry speaking about? And I quote, cash, cash, cash. I believe we’ll need to do an entire podcast nearly this. And, oh, we acquired to maintain all of the peasants from utilizing fuel stoves. They’re so out of contact, they fly into Davos on their personal jets to speak about maintaining the peasants from utilizing Gaste, speaking about cash, cash, cash.

[00:37:41.970]

They’ve realized completely nothing. So tone deaf. They’ve realized completely nothing. And once more, we will hold doing this all day, wiggling all these establishments, all these folks, and simply present they simply haven’t realized something from their very own stupidity, from their very own errors. They hold making the identical errors over and over and over.

[00:37:59.660]

In a manner, it’s sort of textbook madness. Now, if we return to 1520 once more, that is Pope Leo points that tone deaf Papple Bowl of his personal. That is at that time, the Reformation roars to life. Individuals declared their independence. Individuals declared their mental independence and realized they may take extra management over their lives from an establishment that up until that time had managed just about each facet of their lives.

[00:38:22.500]

What you are able to do, the place you may go, what you may consider, all this stuff. And it was a giant deal as a result of, once more, it was from that motion we acquired the age of enlightenment. We acquired the scientific revolution. We acquired so many issues that actually propelled humanity ahead. And admittedly, I see the identical parts at present.

[00:38:40.550]

Individuals are sick to loss of life, these establishments who management their lives. And we see this. We see the numbers of the polls. The belief ranges are in any respect time lows for all these establishments that inform us to remain at residence and cower and worry in our basements, to inform us what we’ve got to place in our our bodies, to inform us that we aren’t allowed to have an opinion about how our kids are educated whereas they go they usually educate 5 12 months outdated youngsters to embrace victimhood and work in direction of the, quote, disruption of Western nuclear household dynamics. And also you assume I’m kidding.

[00:39:07.060]

That’s really a direct quote from the Virginia Lecturers Union, one thing that simply really got here out very not too long ago. These are the those that create inflation with their very own idiotic and quick sighted insurance policies. After which when inflation comes round, they reject it. Then they are saying it’s transitory, after which they are saying the one strategy to repair it’s so that you can lose your job. They go they usually spend trillions of {dollars} these folks name a press convention they usually stare on the digicam and really have the audacity to shut their thumb and their index finger collectively and say that trillions of {dollars} of this laws will, quote, value nothing.

[00:39:40.220]

They inform us what we’re allowed to consider. They try to management what we’re allowed to say, that if in case you have an opinion about one thing, they’ll name you the worst issues on this planet, together with now, even a home terrorist. These are the those that inform us that violent criminals needs to be turned again out onto the streets within the identify of social justice. And but, over and over, regardless of the whole and complete abject failure of their insurance policies and their concepts, they show time and time once more that they’ve realized completely nothing. However the excellent news right here is that persons are lastly beginning to reject these idiots.

[00:40:13.260]

We’re beginning to see it in little methods once more. They’ve recall elections in San Francisco to throw out progressive prosecutors. Individuals fired the mayor of Chicago. We’re beginning to see these indicators, and never simply in politics, however once more, we see the belief in establishments in any respect time blow. We see this simply because it was within the 1000 a whole lot, within the 1005 a whole lot.

[00:40:34.020]

Their large establishment belief was at an all time lowe. Individuals had been sick of it. And folks stood up and mentioned, you already know what, I’m able to forming my very own opinion, thanks very a lot. I’m taking again management over my very own life. And that is what’s occurring.

[00:40:45.310]

What a shock. Information media is seeing like file lows. I imply, their viewership has simply dropped off a cliff. No person’s watching CNN anymore. No person cares.

[00:40:55.580]

No person’s watching MSNBC anymore. No person cares. They burn by means of all of their credibility. No person listens to what they need to say. No person cares.

[00:41:03.130]

And we understand that we’ve got choices. In case you don’t like what the media has to say, you simply acquired to show off the TV. And there’s loads of different options. In impartial media, it’s not exhausting to seek out different sources of reports. If we don’t like large tech, nice.

[00:41:16.620]

Delete the app, delete the TikTok, cease utilizing Gmail. There’s loads of different options on the market, together with even going and hanging out with folks in individual. Or loads of different e-mail options that don’t really contain any individual that’s going to continually spy on you. If we don’t like foolish woke firms, nice. We simply cease utilizing their merchandise.

[00:41:36.400]

Loads of options. Loads of small companies on the market. In case you don’t like McDonald’s as a result of they acquired foolish they usually acquired woke they usually put bizarro pink fluid of their hamburgers and in addition there’s loads of small companies on the market that might make you a hamburger. It’s not exhausting to seek out options to issues like that. If we don’t have faith in our central bankers, proper?

[00:41:57.720]

We take a look at these folks and go, oh my God, they’re clueless. They don’t have, they don’t have the foggiest thought what they’re doing. Nice. We’re not constrained by our central bankers. We are able to do no matter we would like.

[00:42:08.750]

We are able to take a portion of our financial savings and we will put it in different devices. There are lots of choices on the market. In case you’re searching for higher shops of worth, you’ve acquired one of many oldest currencies on this planet, like gold, a few of the latest forex on this planet, like crypto. They’ve acquired lot



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