Latest / The 47 Morning Update with Ben Ferguson / Illinois Judge Throws Trump OFF THE BALLOT, Just Hours Before Supreme Court Ruling, plus BlackRock ADMITS that ESG is Costing It Billions & Hunter Admits That He Got Millions from China

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Illinois Judge Throws Trump OFF THE BALLOT, Just Hours Before Supreme Court Ruling, plus BlackRock ADMITS that ESG is Costing It Billions & Hunter Admits That He Got Millions from China · The 47 Morning Update with Ben Ferguson

• 0:01
  Speaker 1: Welcome.
• 0:01
  Speaker 2: It is Vernict with Senator Ted Cruz, Ben Ferguson with
• 0:04
  Speaker 2: you and Senator Today could be a very big day
• 0:07
  Speaker 2: when it comes to news coming from the Supreme Court.
• 0:09
  Speaker 1: Well, that's exactly right.
• 0:11
  Speaker 3: Later this morning, the Supreme Court is expected to hand
• 0:13
  Speaker 3: down its decision in the Colorado decision. The Colorado Supreme
• 0:17
  Speaker 3: Court had thrown President Trump off of the ballot, and
• 0:20
  Speaker 3: of course Maine had done so as well, and just
• 0:23
  Speaker 3: last week Illinois jumped into the mix. We'll discuss all
• 0:27
  Speaker 3: of that and explain what to expect beyond that. Blackrock,
• 0:31
  Speaker 3: the massive, massive financial company that really has been one
• 0:36
  Speaker 3: of the critical, if not the critical driver of ESG
• 0:39
  Speaker 3: the environmental and social justice movement, just made a filing
• 0:45
  Speaker 3: with the SEC where they admitted that this has been
• 0:48
  Speaker 3: an economic disaster, that they're losing billions. We'll get into
• 0:52
  Speaker 3: that as well. And then finally we're going to get
• 0:54
  Speaker 3: into some of the really major testimony that the Biden
• 0:58
  Speaker 3: family has been giving in Congress behind closed doors. Both
• 1:02
  Speaker 3: Hunter Biden and James Biden, Joe's brother, have admitted that
• 1:08
  Speaker 3: multiple things Joe said, we're just flat out lies. We'll
• 1:11
  Speaker 3: get into all of that in today's verdict.
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• 3:03
  Speaker 2: is a huge day when it comes to Supreme Court.
• 3:06
  Speaker 2: You mentioned at the beginning, we're expecting this ruling to
• 3:09
  Speaker 2: come down and this also will put into perspective the
• 3:13
  Speaker 2: absurdity of this new judge that inserted herself in Colorado
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  Speaker 2: in essence taking Trump off the ballot yes again yet again,
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  Speaker 2: or at least trying to.
• 3:24
  Speaker 3: Well, that's exactly right, And let me tell you why
• 3:26
  Speaker 3: we're expecting the Supreme Court decision today. Yesterday, on Sunday,
• 3:32
  Speaker 3: the Court put online a statement that at least one
• 3:38
  Speaker 3: opinion would be handed down today and that happens at
• 3:42
  Speaker 3: ten am. The Supreme Court typically hands down its opinions
• 3:45
  Speaker 3: at ten am. And the Court also put online quote
• 3:49
  Speaker 3: the Court will not take the bench. Now that's a
• 3:52
  Speaker 3: very unusual public statement. I can't recall the Court.
• 3:55
  Speaker 1: Ever doing so.
• 3:57
  Speaker 3: Typically, when the Court decides decisions, it will come in
• 4:00
  Speaker 3: usually at ten am on argument handdown days, and you
• 4:03
  Speaker 3: know when they are they put out a calendar, we're
• 4:06
  Speaker 3: going to hand down an opinion on this day. They
• 4:08
  Speaker 3: don't tell you what opinion it's going to be, but
• 4:09
  Speaker 3: they tell you that opinion is coming down. Well, they
• 4:12
  Speaker 3: did that on Sunday. They added a brand new argument
• 4:15
  Speaker 3: handdown day. And it is today, Monday, and the justices
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  Speaker 3: had not been scheduled to come back to the court
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  Speaker 3: room until March fifteenth, and so this statement is unusual.
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  Speaker 3: And the timing of it is Tomorrow is super Tuesday.
• 4:34
  Speaker 3: Tomorrow is when Colorado is voting, and so I think
• 4:41
  Speaker 3: there is a high likelihood that the Justice has made
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  Speaker 3: the decision. We need to hand this opinion down before
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  Speaker 3: Colorado election day to resolve it. And so I think
• 4:50
  Speaker 3: by ten am today we will have the opinion. If
• 4:52
  Speaker 3: we have the opinion on the next verdict, Ben and
• 4:56
  Speaker 3: I will get into it and we will discuss exactly
• 4:58
  Speaker 3: what is coming. I will everyone that when Colorado issued
• 5:02
  Speaker 3: its decision the Colorado Supreme Court a divided four three decision.
• 5:07
  Speaker 3: My immediate reaction then is this, this opinion is dramatically
• 5:11
  Speaker 3: wrong and it is a usurpation of democracy, and it
• 5:15
  Speaker 3: will be reversed. It will be reversed by the Supreme Court.
• 5:18
  Speaker 3: And I said that very next day. Not only will
• 5:20
  Speaker 3: it be reversed, but I think there's a very real
• 5:23
  Speaker 3: likelihood that the decision will be unanimous. Now, hopefully the
• 5:27
  Speaker 3: next podcast we do will know whether or not that
• 5:29
  Speaker 3: that proved true. I hope it is unanimous. I think
• 5:32
  Speaker 3: it being unanimous would be really good for the country,
• 5:35
  Speaker 3: really good for the court. But we'll find out. I
• 5:39
  Speaker 3: am one hundred percent certain that Colorado will be reversed. Now,
• 5:45
  Speaker 3: what happened with Illinois. Illinois was one individual district judge
• 5:53
  Speaker 3: in Illinois, and if you look at at actually we
• 5:57
  Speaker 3: had Colorado Supreme Court, and then shortly thereafter that you
• 5:59
  Speaker 3: had the main Secretary of State. So Maine was the
• 6:02
  Speaker 3: second state to order Trump off the ballot, and then
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  Speaker 3: Illinois just became the third. And it was one judge,
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  Speaker 3: a judge named Tracy Porter of the State Circuit Court
• 6:14
  Speaker 3: in Cook County, and she issued a ruling that said,
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  Speaker 3: the State Board of Elections quote, shall remove Donald J.
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  Speaker 3: Trump from the ballot for the general primary election on
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  Speaker 3: March nineteenth, twenty twenty four, or cause any votes cast
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  Speaker 3: for him to be suppressed. So look, let's be clear.
• 6:33
  Speaker 3: On the face of the order, Democrats are not quite explicit.
• 6:37
  Speaker 3: This is voter suppression. And let me read that again.
• 6:41
  Speaker 3: Her order is, shall remove Donald J. Trump from the
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  Speaker 3: ballot for the general primary election on March nineteenth, twenty
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  Speaker 3: twenty four, or cause any votes cast for him to
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  Speaker 3: be suppressed. Ben this collective effort Colorado, Maine, Illinois, added
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  Speaker 3: to the Department of Justice, relentless persecution of Trump, added
• 7:06
  Speaker 3: to Georgia and New York state courts, relentless persecution of Trump.
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  Speaker 3: All of this is in total the greatest assault on
• 7:17
  Speaker 3: democracy in the history of our country. I do not
• 7:20
  Speaker 3: believe that is hyperbole, because what they are trying to
• 7:24
  Speaker 3: do is tell the American people, we will not let
• 7:29
  Speaker 3: you vote for the candidate you want to vote for
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  Speaker 3: for president, even though right now he's likely to win.
• 7:35
  Speaker 3: We hate him so much we are ordering, as the
• 7:39
  Speaker 3: judge in Illinois said, quote any votes cast for him
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  Speaker 3: to be suppressed.
• 7:45
  Speaker 2: You have this idea of copycats, and I think it's
• 7:48
  Speaker 2: pretty clear that whether it's activist DA's, it was like
• 7:51
  Speaker 2: once Donald Trump, for example, got taken a court, it
• 7:56
  Speaker 2: emboldened copycats to come forward Fanny Willis's and others to
• 8:00
  Speaker 2: jump all in in New York City, to jump all
• 8:02
  Speaker 2: in there and to go after Trump and find ways
• 8:06
  Speaker 2: to do it. But there also seems to be and
• 8:08
  Speaker 2: this is really concerning to me, Sentator, the copycats that
• 8:12
  Speaker 2: happen with Colorado, and then you mentioned the other states
• 8:15
  Speaker 2: as a country, are we and specifically as conservatives and
• 8:21
  Speaker 2: I'm guilty of this. I think most people listening are
• 8:23
  Speaker 2: probably going to agree. You don't pay a lot of
• 8:26
  Speaker 2: attention to who's running for judge. You may pay more
• 8:31
  Speaker 2: attention based on crime in your area to DA's and
• 8:34
  Speaker 2: things like that, But a lot of times most people
• 8:37
  Speaker 2: don't know who their judges are. Are Are we way
• 8:41
  Speaker 2: more vulnerable than we realized with activist judges?
• 8:45
  Speaker 4: I mean you look at this judge in Illinois.
• 8:47
  Speaker 2: I mean, this is a judge that if you look
• 8:48
  Speaker 2: at the background we're talking about some of that's basically
• 8:50
  Speaker 2: a traffic court judge. How does a judge in that
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  Speaker 2: position have enough power to take a presidential candidate off
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  Speaker 2: the ballot? Do we need to wake up his conservatives
• 9:02
  Speaker 2: and say, okay, it is time for us to get
• 9:04
  Speaker 2: hyper focused on picking good judges again.
• 9:08
  Speaker 3: Well, there's no doubt judges have enormous power and judges,
• 9:12
  Speaker 3: any judge can issue any order here she likes. Now,
• 9:17
  Speaker 3: whether it is enforced depends on a number of things.
• 9:20
  Speaker 3: One is simply whether the executive branches will comply. You know,
• 9:25
  Speaker 3: there was a famous early battle with the Supreme Court
• 9:29
  Speaker 3: in eighteen thirty two where John Marshall was the Chief
• 9:32
  Speaker 3: Justice of the Supreme Court and he authored an opinion
• 9:35
  Speaker 3: for the Supreme Court concerning Indian tribes that Andrew Jackson
• 9:39
  Speaker 3: didn't like. And Jackson is widely quoted as saying, John
• 9:43
  Speaker 3: Marshall has made his decision, Now let him enforce it. Now,
• 9:48
  Speaker 3: whether he actually said that or not. It may be apocryphal.
• 9:52
  Speaker 3: It's believed that the actual words that he said to
• 9:56
  Speaker 3: Brigadier General John Coffee were, the decision of the Supreme
• 9:59
  Speaker 3: Court has fell stillborn, and they cannot and they find
• 10:04
  Speaker 3: that it cannot course Georgia to yield to its mandate.
• 10:08
  Speaker 3: So that's whichever way it was. The principle if a
• 10:12
  Speaker 3: decision is so wildly out of touch, people are not
• 10:16
  Speaker 3: going to comply. That that is a reality. But beyond that,
• 10:20
  Speaker 3: just within the judicial system, there's the simple reality that
• 10:24
  Speaker 3: decisions that are lawless will not be carried out because
• 10:30
  Speaker 3: if the appellate system operates, they will be stopped and
• 10:33
  Speaker 3: they will be forced to comply with the rule of law.
• 10:36
  Speaker 3: And so what will happen here if we are right
• 10:41
  Speaker 3: that later today the Supreme Court will reverse the Colorado
• 10:45
  Speaker 3: Supreme Court decision and will make clear that Colorado courts
• 10:50
  Speaker 3: cannot throw Donald Trump off the ballot because individual judges
• 10:55
  Speaker 3: or justices or courts, or individual democrats state officials conclude
• 10:59
  Speaker 3: that they think January sixth was an insurrection and they
• 11:02
  Speaker 3: think under the fourteenth Amendment, that means Trump can't appear
• 11:06
  Speaker 3: in the ballot. Once that order is issued, Maine and
• 11:10
  Speaker 3: Illinois will resolve themselves.
• 11:12
  Speaker 1: In Maine, either the.
• 11:14
  Speaker 3: Secretary of State will reverse her decision or the courts
• 11:18
  Speaker 3: will order her to do so. In Chicago, either the
• 11:21
  Speaker 3: judge will reverse her decision, or other courts, either the
• 11:26
  Speaker 3: appellate courts in Chicago or ultimately federal courts will order
• 11:31
  Speaker 3: her to do so or order the Board of Elections
• 11:34
  Speaker 3: not to comply with the order. But let me pause
• 11:37
  Speaker 3: for a second. You know you said we should focus
• 11:39
  Speaker 3: more on who judges are. It's worth spending a little
• 11:43
  Speaker 3: bit of time examining who this judge is. Who is
• 11:49
  Speaker 3: Tracy Porter now? Tracy Porter is a native of Chicago's
• 11:54
  Speaker 3: South Side and she went to college at Cornell College
• 11:59
  Speaker 3: and then got her law degree at Drake University. She
• 12:02
  Speaker 3: spent four years as a litigation attorney in the Office
• 12:07
  Speaker 3: of the Solicitor in the US Department of Labor in
• 12:09
  Speaker 3: the nineteen nineties, and then she worked as a lawyer
• 12:13
  Speaker 3: in private practice and in law school. And then in
• 12:18
  Speaker 3: twenty twenty one she was appointed to a traffic court
• 12:22
  Speaker 3: position that was three years ago. She was resolving traffic tickets,
• 12:27
  Speaker 3: and then in twenty twenty two she won an election
• 12:32
  Speaker 3: for a full term as a judge of the Cook
• 12:35
  Speaker 3: County Circuit Court. So she's a brand new judge. She
• 12:39
  Speaker 3: was a traffic court judge. She just was elected the
• 12:41
  Speaker 3: Cook County Circuit Court. And you know one of the
• 12:45
  Speaker 3: things that she said her quote when she was appointed
• 12:49
  Speaker 3: in twenty twenty one, here's a quote from Judge Porter quote.
• 12:52
  Speaker 3: My motto is impacting lives and changing communities. And that
• 12:59
  Speaker 3: is how I will approach this new position. Understand what
• 13:03
  Speaker 3: she's not talking about following the law, Like the rule
• 13:07
  Speaker 3: of law is nowhere to be found. This is a Democrat,
• 13:11
  Speaker 3: partisan activist, and she, I have no doubt, was thrilled,
• 13:20
  Speaker 3: thrilled to have an opportunity to strike back at Donald Trump.
• 13:24
  Speaker 3: And you know, it reminds me of do you remember
• 13:28
  Speaker 3: the foreman of the Fulton County, Georgia grand jury that
• 13:33
  Speaker 3: that indicted Donald Trump? And it was this, this this
• 13:38
  Speaker 3: young woman who went on a media tour afterwards, one
• 13:41
  Speaker 3: of the most disastrous media tours. Fact, the only media
• 13:44
  Speaker 3: tour I could ever recall a grand jury foreman going
• 13:49
  Speaker 3: on where where she said, you know, something to the
• 13:51
  Speaker 3: effect of, well, just the opportunity to like ask questions
• 13:54
  Speaker 3: of Donald Trump. Wow, that was just great just.
• 13:56
  Speaker 4: To swear him in.
• 13:57
  Speaker 2: Remember she was like fantasizing over the idea of getting
• 13:59
  Speaker 2: to say, you know, do you solemnly swear? I mean
• 14:02
  Speaker 2: it was the craziest exit interview ever. But it also
• 14:05
  Speaker 2: showed how how embarrassing it was that that even the
• 14:08
  Speaker 2: indictment of Trump.
• 14:10
  Speaker 3: Well, and I think that's exactly who Tracy Porter is,
• 14:14
  Speaker 3: an angry left wing partisan who fresh off of of
• 14:19
  Speaker 3: of Traffic Court says I have the power to order
• 14:24
  Speaker 3: Trump off the ballot in Illinois. And the good news
• 14:28
  Speaker 3: is this decision will be reversed, and I think it
• 14:32
  Speaker 3: will be reversed very very quickly. As soon as the
• 14:34
  Speaker 3: Supreme Court decides, both Maine and Illinois will resolve themselves
• 14:39
  Speaker 3: as well.
• 14:39
  Speaker 4: Final question on this.
• 14:41
  Speaker 2: There used to be a fear that you could be
• 14:43
  Speaker 2: rebuked if you went outside the law too much, if
• 14:45
  Speaker 2: you're a lawyer and you kind of went rogue. Judges
• 14:49
  Speaker 2: were held to this higher standard. Is that an essence
• 14:52
  Speaker 2: gone now in our society? It seems like it if
• 14:55
  Speaker 2: you look at this last year.
• 14:57
  Speaker 3: Oh look this this judge, Tracy Porter, sh'll be a
• 15:00
  Speaker 3: hero in democratic circles.
• 15:03
  Speaker 1: She'll go.
• 15:04
  Speaker 3: She will be introduced as the judge who ordered Donald
• 15:07
  Speaker 3: Trump off the ballot, and Democrats will cheer yay, look
• 15:11
  Speaker 3: she's According to the Cook County Democratic Party, she's written
• 15:16
  Speaker 3: law review articles on the quote school to prison pipeline.
• 15:21
  Speaker 3: In other words, she's there to let people out of
• 15:25
  Speaker 3: jail and in particular to not enforce the law in
• 15:29
  Speaker 3: schools so to allow violent criminals to commit crimes in schools.
• 15:33
  Speaker 3: She's also written law review articles on voter rights and
• 15:37
  Speaker 3: mortgage short sales. Well, voter rights apparently the voters have
• 15:41
  Speaker 3: no rights because she just issued an order on its
• 15:44
  Speaker 3: face engaging in voter suppression. And she has also professional
• 15:49
  Speaker 3: associations include the Chicago Bar Association, the American Bar Association,
• 15:54
  Speaker 3: and the Black Woman Lawyers Association of Greater Chicago, where
• 15:57
  Speaker 3: she was.
• 15:57
  Speaker 1: A former member of the board of directors.
• 16:01
  Speaker 3: When she goes to Chicago lawyer's gatherings, the angry partisan
• 16:09
  Speaker 3: Democrats will cheer her voter suppression because they have convinced
• 16:16
  Speaker 3: themselves that number one, the judiciary is just a means
• 16:21
  Speaker 3: of imposing their policy and exercising power. But number two,
• 16:27
  Speaker 3: they've convinced themselves that Donald Trump is the devil, and
• 16:30
  Speaker 3: so everything, everything, everything is justifying, fighting justified, fighting back. Fortunately,
• 16:36
  Speaker 3: at least we still have some modicum of the rule
• 16:39
  Speaker 3: of law in America.
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• 19:00
  Speaker 2: or some people may not exactly know what ESG stands for,
• 19:04
  Speaker 2: but it is a radical agenda that was put together
• 19:09
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• 19:29
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• 19:33
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• 19:36
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  Speaker 4: And they're not the only ones.
• 19:39
  Speaker 1: Well, that's exactly right.
• 19:41
  Speaker 3: And let me say this is a topic that I
• 19:44
  Speaker 3: discussed at great length in my latest book. My latest
• 19:47
  Speaker 3: book is as longtime Verdict listeners will know, is called Unwoke,
• 19:52
  Speaker 3: How to Defeat Cultural Marxism in America. And if you
• 19:56
  Speaker 3: haven't read the book, i'd encourage you go online and
• 19:58
  Speaker 3: buy the book because there's a entire chapter on on
• 20:02
  Speaker 3: how big business went woke. And and you know, if
• 20:05
  Speaker 3: you wake up and wonder what the hell happened that
• 20:09
  Speaker 3: bud Light has suddenly decided it hates its customers. What
• 20:13
  Speaker 3: the hell happened that that that that target stores are
• 20:16
  Speaker 3: are trying to advertise to two year old's tuck friendly
• 20:20
  Speaker 3: baby bathing suits. What the hell happened that Disney thinks
• 20:24
  Speaker 3: that princesses should have mustaches?
• 20:26
  Speaker 1: Well, all of.
• 20:27
  Speaker 3: These are are interrelated and and and they are in
• 20:30
  Speaker 3: significant part driven by.
• 20:32
  Speaker 1: The ESG movement. The ESG movement is.
• 20:35
  Speaker 3: Environmental, social and governance And and it was a bunch
• 20:39
  Speaker 3: of left wing activists that decided to use money to
• 20:43
  Speaker 3: enforce their left wing objective. We just talked about left
• 20:47
  Speaker 3: wing activists on the courts using the courts to enforce
• 20:50
  Speaker 3: their objective. What the book on Woke talks about is
• 20:53
  Speaker 3: how the left is seized every major institution of our
• 20:56
  Speaker 3: society and is using them to force a culture Marxist
• 21:01
  Speaker 3: agenda when it comes to ESG. Blackrock is the most
• 21:05
  Speaker 3: important player in the world. Now, who is Blackrock? You know,
• 21:08
  Speaker 3: most people, if you're living your life, you may not
• 21:10
  Speaker 3: know who Blackrock is. Or or at least you may
• 21:13
  Speaker 3: have some general sense there's some big company, but you
• 21:15
  Speaker 3: may not know exactly what they do. Blackrock is the
• 21:19
  Speaker 3: world's largest asset manager. Blackrock has ten trillion dollars in
• 21:27
  Speaker 3: assets under management. Ten trillion. It's interesting you said they're
• 21:31
  Speaker 3: a multi billion dollar company. Actually, no, they're not trillions.
• 21:35
  Speaker 3: And to put that in perspective, ten trillion dollars that
• 21:39
  Speaker 3: is nearly a third of the entire US national debt.
• 21:44
  Speaker 3: That is a crap ton of money, and crap ton
• 21:48
  Speaker 3: is a technical term used with investment. By the way,
• 21:52
  Speaker 3: Blackrock is part of what is called the Big Three
• 21:56
  Speaker 3: of the index fund managers. The other two are the
• 21:59
  Speaker 3: Vanguard Group and State Street. And in the book Unwoke,
• 22:02
  Speaker 3: I talk about all three because with the trillions of
• 22:06
  Speaker 3: dollars they control, they have begun voting their shares, so
• 22:11
  Speaker 3: they invest in companies. And let's say, you know, Ben,
• 22:14
  Speaker 3: do you on any mutual funds? I dare yes, Yeah,
• 22:17
  Speaker 3: so do I most most people do. Many people own
• 22:19
  Speaker 3: mutual funds. Well, if you buy a mutual fund, what
• 22:21
  Speaker 3: what black Rock and State Street, Vanguard has started doing
• 22:25
  Speaker 3: is they put these mutual funds together. The mutual fund
• 22:29
  Speaker 3: then goes and buys a ton of shares and all
• 22:31
  Speaker 3: sorts of companies, and they've decided that they are voting
• 22:37
  Speaker 3: essentially your shares in support of their politics. It used
• 22:41
  Speaker 3: to be that mutual funds didn't vote on political issues.
• 22:45
  Speaker 3: And these, these these giant index funds, said, wait a second,
• 22:48
  Speaker 3: we are the biggest stockholders in virtually every major American company.
• 22:54
  Speaker 3: If we vote as radical leftists, the companies will have
• 22:57
  Speaker 3: to obey us. Now, the leader of all of this
• 23:00
  Speaker 3: is a guy named Larry Fink. Larry Fink is the
• 23:02
  Speaker 3: CEO of Blackrock, and he's been driving this and just
• 23:05
  Speaker 3: a few years ago he proudly would would preen about
• 23:10
  Speaker 3: ESG and how he was going to force the world
• 23:12
  Speaker 3: to change. Well, just recently, Blackrock had a filing with
• 23:18
  Speaker 3: the SEC. The Security is in Exchange Commission and Blackrocks filing.
• 23:22
  Speaker 3: This is reminiscent. We did a podcast several months ago
• 23:25
  Speaker 3: about how Disney had a filing at the SEC where
• 23:29
  Speaker 3: Disney acknowledged to shareholders our radical politics are costing us
• 23:37
  Speaker 3: billions of dollars. And Disney's disclosure said, our political agenda
• 23:42
  Speaker 3: is out of step with our customers. It is causing
• 23:45
  Speaker 3: our customers not to want to buy our product, and
• 23:47
  Speaker 3: we are losing a ton of money. And we did
• 23:50
  Speaker 3: a whole podcast talking about what a remarkable disclaimer to
• 23:54
  Speaker 3: the shareholders. Hey, hey, shareholder, we don't give a damn
• 23:56
  Speaker 3: about shareholder value. Our politics is all we care about,
• 23:59
  Speaker 3: and so we're losing you money. Well, what's interesting Blackrock
• 24:03
  Speaker 3: just did essentially the same thing.
• 24:05
  Speaker 1: Let me quote from what.
• 24:06
  Speaker 3: Blackrock filed at the SEC. Quote, Blackrock faces increasing focus
• 24:11
  Speaker 3: from regulators, officials, clients, and other stakeholders regarding ESG matters,
• 24:20
  Speaker 3: and the company said in its filing that it is
• 24:23
  Speaker 3: quote subject to competing demands from different stakeholder groups with
• 24:30
  Speaker 3: divergent views on ESG related matters, including in countries in
• 24:35
  Speaker 3: which Blackrock operates and invests, as well as in states
• 24:39
  Speaker 3: and localities where Blackrock serves public sector clients. This is
• 24:45
  Speaker 3: a big, big deal.
• 24:49
  Speaker 4: When you talk about this activism.
• 24:51
  Speaker 2: You're supposed to have a I guess a fiduciary duty
• 24:54
  Speaker 2: to your shareholders right to do what's best for them.
• 24:59
  Speaker 2: It seems like this and outside the scope of that
• 25:01
  Speaker 2: as well, which is part of the controversy that you're
• 25:03
  Speaker 2: based saying, Hey, I may not be doing what's best
• 25:05
  Speaker 2: to protect your money. I'm pushing an agenda here that
• 25:09
  Speaker 2: is not how it's supposed to work when you're investing.
• 25:13
  Speaker 3: Well, that's right, and it's interesting their reference to other stakeholders. Look,
• 25:17
  Speaker 3: look that the stakeholder is supposed to be the shareholder,
• 25:20
  Speaker 3: and you're supposed to have an obligation under the law
• 25:23
  Speaker 3: to maximize shareholder value. And the other stakeholders. What they
• 25:28
  Speaker 3: mean is, oh, are political objectives that that we're going
• 25:31
  Speaker 3: to violate the law. We're going to violate our fiduciary
• 25:34
  Speaker 3: duty and and and listen, all right, so so listen
• 25:37
  Speaker 3: to this clip. This is Blackrock CEO Larry Fink, where
• 25:41
  Speaker 3: he says that ESG, he admits ESG is driving energy
• 25:46
  Speaker 3: prices higher, and he says that's actually a good thing
• 25:48
  Speaker 3: because it it shrinks the quote green premium. Here, give
• 25:52
  Speaker 3: a listen.
• 25:53
  Speaker 5: Because of the rising energy prices, we are certainly seeing
• 25:56
  Speaker 5: the green premium shrink quite considerably. And so the amount
• 26:01
  Speaker 5: of investment dollars that are going into new decarbonization technology
• 26:05
  Speaker 5: is accelerating and accelerating very rapidly.
• 26:08
  Speaker 3: So he's quite happy. When you fill up your tank
• 26:13
  Speaker 3: and it pisss you off that it's one hundred bucks
• 26:17
  Speaker 3: to fill up your truck or your minivan.
• 26:19
  Speaker 1: You know what Blackrock.
• 26:22
  Speaker 3: You may not know Larry Fink's name, but he played
• 26:25
  Speaker 3: a pivotal role in it. And listen here again in
• 26:28
  Speaker 3: twenty twenty two where he says esg is all about
• 26:32
  Speaker 3: enabling him to quote force behaviors, give a listen.
• 26:37
  Speaker 5: Well, behaviors are going to have to change, and this
• 26:39
  Speaker 5: is one thing we're asking companies.
• 26:42
  Speaker 4: You have to force behaviors.
• 26:44
  Speaker 5: And at Blackrock we are forcing behaviors.
• 26:47
  Speaker 2: I mean we are forcing behaviors. This is the mentality
• 26:50
  Speaker 2: of we're too big to fail. We have so much
• 26:53
  Speaker 2: money we can dictate and you're just lucky that you
• 26:56
  Speaker 2: have your cash basically with Blackrock.
• 26:59
  Speaker 4: So therefore we got to do these things.
• 27:01
  Speaker 3: And understand, these bastards are flying giant, giant private jets.
• 27:05
  Speaker 3: Larry Fink's carbon footprint is larger than a small town
• 27:10
  Speaker 3: in whatever state you live in. Like this is there's
• 27:14
  Speaker 3: an arrogance. This is like John Kerry who flies private
• 27:17
  Speaker 3: jets all over the place while trying to shut down
• 27:20
  Speaker 3: your ability to get in your suv. The utter hypocrites
• 27:25
  Speaker 3: as they live in their gilded castles, and they say,
• 27:28
  Speaker 3: we are going to force behaviors from the little people
• 27:31
  Speaker 3: with the beauty of it is. It's now coming to
• 27:34
  Speaker 3: bite them. And this is what I discussed in the
• 27:37
  Speaker 3: book Unwoke, because the book is all about strategies to
• 27:40
  Speaker 3: fight back, and I talk about in Texas. So in
• 27:45
  Speaker 3: Texas there was a bill called Senate Bill thirteen and
• 27:49
  Speaker 3: Senate Bill thirteen. Look, I usually stay out of fights
• 27:52
  Speaker 3: in the Texas state legislature. I mean, lord knows, I
• 27:54
  Speaker 3: have enough fights in Washington, D C. With Chuck Schumer
• 27:57
  Speaker 3: and Joe Biden fat and so what happens in Austin, I.
• 28:01
  Speaker 1: Usually leave that to the state legislators.
• 28:04
  Speaker 2: It's like Vega's for you. What happens in Austin stays
• 28:06
  Speaker 2: in Austin.
• 28:07
  Speaker 1: There you go.
• 28:07
  Speaker 3: Now, there have been really two significant exceptions. One has
• 28:12
  Speaker 3: been school choice, and I get very involved in school choice,
• 28:15
  Speaker 3: and we've got an historic opportunity in school choice. And
• 28:18
  Speaker 3: by the way, I will say, if you are running
• 28:20
  Speaker 3: in the state of if you're a Texas voter, get
• 28:22
  Speaker 3: out and vote in the primaries. Election day is tomorrow,
• 28:26
  Speaker 3: Super Tuesday. Get out and vote in the primaries. In
• 28:29
  Speaker 3: particular in the state legislature. I've endorsed a whole bunch
• 28:33
  Speaker 3: of state legislative candidates who are pro school choice because
• 28:37
  Speaker 3: we have a bunch of Republicans who skilled killed school
• 28:39
  Speaker 3: choice in the legislature, and so we need to elect
• 28:43
  Speaker 3: Republicans that actually will do what the voters want and
• 28:48
  Speaker 3: do what's right. But that's one example. The second example
• 28:53
  Speaker 3: concerns ESG and woke big business, and Senate Bill thirteen
• 28:58
  Speaker 3: was a very simple bill. It said, if you boycott
• 29:01
  Speaker 3: oil and gas, Texas will boycott you. And listen, oil
• 29:07
  Speaker 3: and gas produces millions of jobs in the state of Texas.
• 29:11
  Speaker 3: It produces enormous amounts of revenue and benefits for Texas.
• 29:15
  Speaker 3: And these woke Wall Street firms have been boycotting oil
• 29:19
  Speaker 3: and gas and imposing massive costs on oil and gas
• 29:22
  Speaker 3: production and by the way, benefiting Russia and Iran and
• 29:25
  Speaker 3: Venezuela and our enemies in the process, and ironically hurting
• 29:30
  Speaker 3: the environment in the process. But their woke politics cannot
• 29:36
  Speaker 3: Facts and data and reason cannot interfere with their woke politics.
• 29:40
  Speaker 3: And what Senate Bill thirteen said is okay. If a
• 29:44
  Speaker 3: company is boycotting oil and gas, the state of Texas
• 29:47
  Speaker 3: will not invest in you know, Texas has massive amounts
• 29:50
  Speaker 3: of cash that we invest We have pension funds, we
• 29:53
  Speaker 3: have endowments, massive university endowments. And so what I did
• 29:57
  Speaker 3: with Senate Bill thirteen, I called the Senate sponsor, I
• 29:59
  Speaker 3: call the House sponsor, and I said, listen, how can
• 30:02
  Speaker 3: I help? What can I do to get this to pass?
• 30:04
  Speaker 3: I wrote an op ed urging every state legislator to
• 30:08
  Speaker 3: vote for Senate Bill thirteen, and then I sent that
• 30:10
  Speaker 3: op ed to every single member of the state House
• 30:13
  Speaker 3: and every single member of the state Senate.
• 30:15
  Speaker 1: It passed. Well.
• 30:16
  Speaker 3: Senate Bill thirteen has had an enormous impact, and you
• 30:20
  Speaker 3: were seeing the consequences of it. And by the way,
• 30:24
  Speaker 3: Texas also passed another bill that said, if you attack
• 30:27
  Speaker 3: the Second Amendment, Texas will not invest in you. If
• 30:30
  Speaker 3: you try to take away the constitutional rights of Texans,
• 30:33
  Speaker 3: We're not putting our money with you. And that has
• 30:34
  Speaker 3: had enormous impact as well. But what I urged in
• 30:39
  Speaker 3: the book Unwoke is other red states to do the
• 30:44
  Speaker 3: same thing. Use our leverage, to make it expensive, to
• 30:49
  Speaker 3: make it hurt, to give power to the phrase, go woke,
• 30:52
  Speaker 3: go broke, and in particular black Rocket. It's filing. It complains,
• 30:59
  Speaker 3: quote some US states and state officials have adopted or
• 31:03
  Speaker 3: proposed legislation or otherwise have taken official positions restricting or
• 31:08
  Speaker 3: prohibiting state government entities from doing certain business with entities
• 31:13
  Speaker 3: identified by the state as quote boycotting or quote discriminating
• 31:17
  Speaker 3: against particular industries or considering ESG in their investment processes
• 31:23
  Speaker 3: and proxy votings. And it goes on to say soon,
• 31:27
  Speaker 3: quote other states and localities may adopt similar legislation or
• 31:31
  Speaker 3: other ESG related laws and positions that adversely impact BlackRock's business.
• 31:38
  Speaker 3: This is what winning looks like.
• 31:41
  Speaker 1: This is.
• 31:43
  Speaker 3: This is and in fact, let me read a little
• 31:45
  Speaker 3: bit more from the filing. And this is an official
• 31:47
  Speaker 3: SEC filing from Blackrock, and it says the divergence between
• 31:54
  Speaker 3: their politics and the financial interests of their shareholders.
• 31:58
  Speaker 1: Here's what it says.
• 31:59
  Speaker 3: Quote divergence has and continues to increase the risk that
• 32:04
  Speaker 3: any perceived or actual action or lack thereof by Blackrock
• 32:09
  Speaker 3: on such matters on behalf of its clients will be
• 32:13
  Speaker 3: viewed differently by various stakeholders and adversely impact BlackRock's reputation
• 32:19
  Speaker 3: and business, including through withdrawals, redemptions, terminations or decisions not
• 32:26
  Speaker 3: to commit or invest new capital by clients, as well
• 32:30
  Speaker 3: as legal and governmental action and scrutiny.
• 32:35
  Speaker 2: That's incredible and welcome to what happens when the WOTE
• 32:39
  Speaker 2: gets in charge and they try to dictate to all
• 32:41
  Speaker 2: of us exactly what's going to happen. Let me tell
• 32:43
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• 32:45
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• 34:19
  Speaker 4: Senator.
• 34:19
  Speaker 2: Finally, I want to mention real quick, there's an impeachment
• 34:22
  Speaker 2: inquiry that's happening of the President of the United States of America,
• 34:25
  Speaker 2: Joe Biden. The media is acting like it's not happening
• 34:29
  Speaker 2: at all. Most people that listening to the show. If
• 34:31
  Speaker 2: you're not listening to this show, you may not even
• 34:33
  Speaker 2: know this is even happening. There was really some shocking
• 34:38
  Speaker 2: testimony that happened last week in the House and info
• 34:43
  Speaker 2: that was coming out from people that were having to
• 34:45
  Speaker 2: sit in front of this committee, including the president's son,
• 34:50
  Speaker 2: Hunter Biden. He had some admissions, and the media refused
• 34:53
  Speaker 2: to touch his story altogether. You wouldn't even know what
• 34:56
  Speaker 2: was happening if you watched the nightly news.
• 34:58
  Speaker 3: Well, that's exactly right. So Joe Biden in the twenty
• 35:01
  Speaker 3: twenty presidential election, he insisted Hunter had not made money
• 35:06
  Speaker 3: from China. Well, Hunter has now admitted that was a lie.
• 35:11
  Speaker 3: Now he tried hard not to, but he admitted it anyway.
• 35:14
  Speaker 3: And so deposition testimony was released, and let me read
• 35:17
  Speaker 3: some of it. Question, your father went while he was
• 35:21
  Speaker 3: running for president, said his family never received any money
• 35:24
  Speaker 3: from China. Your father answer yes, has also said answer,
• 35:28
  Speaker 3: you're right, he's never received He's never interacted with any
• 35:33
  Speaker 3: of your business associates.
• 35:35
  Speaker 1: Is that correct? Yes, But if you.
• 35:38
  Speaker 3: Introduced him to Yi Jaming, that would be untrue. No,
• 35:43
  Speaker 3: that is not untrue. I'm telling you this. The question
• 35:46
  Speaker 3: being asked that you're stating is that my father said
• 35:50
  Speaker 3: that I never received any money from China, the government
• 35:53
  Speaker 3: of China, unlike Jerry Kushner, I've never received any money
• 35:57
  Speaker 3: from a foreign government.
• 35:58
  Speaker 1: He question.
• 36:00
  Speaker 3: He didn't say government of China, by the way, he
• 36:03
  Speaker 3: said China from China. Well, so understand, okay, this is
• 36:08
  Speaker 3: the sleight of hand he's trying to do. He's claiming, now, well,
• 36:15
  Speaker 3: he didn't get money technically from the government of China.
• 36:18
  Speaker 3: It wasn't signed government of China. But here's what he did.
• 36:23
  Speaker 3: Here's what he did admit. He shifted it to well, yeah,
• 36:25
  Speaker 3: of course I got money from China. It was just
• 36:27
  Speaker 3: a Chinese company controlled by the Chinese government and funded
• 36:31
  Speaker 3: by the Chinese government. But what from the government of China.
• 36:33
  Speaker 3: It was from a Chinese company. And here's so the
• 36:36
  Speaker 3: questioning continued, how many millions have you received from Chinese companies?
• 36:44
  Speaker 3: Because he admitted, and this is the bombshell, admissions, I
• 36:46
  Speaker 3: have received money from a Chinese company. How many millions
• 36:50
  Speaker 3: have you received? And he said, well, he didn't know
• 36:53
  Speaker 3: the exact amount, but let me read this exchange quote.
• 36:57
  Speaker 3: Did you receive money from China or not? Answer quote,
• 37:03
  Speaker 3: I received money from a Chinese company. Question how many
• 37:09
  Speaker 3: millions have you received from Chinese companies?
• 37:13
  Speaker 1: Answer?
• 37:14
  Speaker 3: I don't know the exact amount, but I know that
• 37:17
  Speaker 3: it was all completely legal and it was incredibly ethical.
• 37:21
  Speaker 1: This lie, right?
• 37:22
  Speaker 4: I mean, I'm sorry.
• 37:23
  Speaker 2: I'm taken it back by the quote because it's just
• 37:25
  Speaker 2: so funny.
• 37:26
  Speaker 4: It was it was. I never did it, I never
• 37:28
  Speaker 4: did never did well.
• 37:29
  Speaker 2: I did it, but it was all legal and ethical
• 37:31
  Speaker 2: and everything was fine. So stop asking questions. How dare
• 37:35
  Speaker 2: you act like we did anything wrong?
• 37:37
  Speaker 3: Incredibly ethical? And this is a guy who photographs himself
• 37:40
  Speaker 3: smoking crack while while being with multiple prostitutes, and who's
• 37:44
  Speaker 3: made tens of millions of dollars selling favors from his
• 37:48
  Speaker 3: father who was abusing a position of public trust. But understand,
• 37:53
  Speaker 3: I received money from a Chinese company. This is an admission.
• 37:58
  Speaker 3: And I want us to play what Joe Biden's I
• 38:00
  Speaker 3: want because you need to hear how this is directly
• 38:04
  Speaker 3: contrary to what Joe Biden said.
• 38:06
  Speaker 5: My son has not made money in terms of this
• 38:09
  Speaker 5: thing about what are you talking about China?
• 38:12
  Speaker 4: I love that this thing about what about this thing?
• 38:15
  Speaker 4: Oh yeah, China.
• 38:16
  Speaker 2: Like, I mean, what a brilliant move by him during
• 38:18
  Speaker 2: the president of debates back then, where it's.
• 38:20
  Speaker 4: Like, China, I don't even know what you're talking about.
• 38:23
  Speaker 4: It's absurd.
• 38:24
  Speaker 1: Look, it's a flat out lie.
• 38:27
  Speaker 3: My son has not made money from what is it
• 38:30
  Speaker 3: this thing you're talking about China.
• 38:31
  Speaker 1: That's what he said.
• 38:32
  Speaker 3: Now here's what Hunter said under oath quote I received
• 38:36
  Speaker 3: money from a Chinese company. Those two statements are categorically inconsistent.
• 38:43
  Speaker 3: Joe Biden lied, and he lied in the presidential debate
• 38:47
  Speaker 3: with Donald Trump, and he lied about the corruption of
• 38:50
  Speaker 3: his son. That's what the testimony is. And by the way,
• 38:53
  Speaker 3: did you see that in the six o'clock news this week?
• 38:56
  Speaker 4: Nope?
• 38:57
  Speaker 1: Wonder why?
• 38:58
  Speaker 4: Yeah?
• 38:59
  Speaker 2: Well, and there's also so you and I predicted this
• 39:02
  Speaker 2: months and months and months ago. Your favorite WhatsApp text ever,
• 39:07
  Speaker 2: which is, you know, the shakedown with his dad sitting
• 39:09
  Speaker 2: next to him. He was asked about that, and I
• 39:12
  Speaker 2: have to go back to it because it just it's hysterical.
• 39:15
  Speaker 4: He says.
• 39:16
  Speaker 2: I sent the text, but I was drunk or high
• 39:20
  Speaker 2: when I sent it. My dad wasn't there, which is
• 39:24
  Speaker 2: exactly the amblibi. We said they were going to use right. Oh,
• 39:27
  Speaker 2: he was a drunk kid. He was a high kid.
• 39:29
  Speaker 2: They treated him, Mike, He's a kid, not a grown
• 39:31
  Speaker 2: adult in his fifties, you know, now, No, this is
• 39:34
  Speaker 2: just an addict who was who was desperate for cash
• 39:37
  Speaker 2: and didn't know what he was doing work. He got
• 39:39
  Speaker 2: the cash, He got the cash, and he's like, oh,
• 39:41
  Speaker 2: my dad went there. Let's just remind people we could
• 39:45
  Speaker 2: have found out for a fact using GPS.
• 39:48
  Speaker 1: Data and we still can't get it.
• 39:50
  Speaker 2: We still can't, okay, So so explain for everybody how
• 39:53
  Speaker 2: we could still find that, why and who's blocking it
• 39:56
  Speaker 2: from us? Knowing for the GPS data if Daddy was
• 39:59
  Speaker 2: in fact sitting next to his son.
• 40:00
  Speaker 3: So listen, it's not complicated. We know the exact date
• 40:04
  Speaker 3: and time that WhatsApp text was sent, and the investigators,
• 40:11
  Speaker 3: the investigators wanted to subpoena the GPS data on Hunter's
• 40:16
  Speaker 3: phone and Joe's phone, and if they were both in
• 40:20
  Speaker 3: the same location, then it would turn out Hunter was
• 40:22
  Speaker 3: telling the truth that Daddy was sitting there, and the
• 40:25
  Speaker 3: irs whistleblowers blocked that said, no, you cannot subpoena the
• 40:30
  Speaker 3: GPS location because it would prove that Daddy was there.
• 40:36
  Speaker 3: And their objective, the Biden Justice departments objective from day one,
• 40:40
  Speaker 3: has been to protect Joe Biden. Look, look, I'll give
• 40:44
  Speaker 3: you another example. So Jim Biden provided testimony about Hunter
• 40:50
  Speaker 3: Biden and had an undisclosed meeting with a corrupt Chinese
• 40:54
  Speaker 3: businessman whom Hunter has called and this is Hunter's language
• 40:58
  Speaker 3: quote the thing spy chief of China.
• 41:02
  Speaker 4: Yeah he did.
• 41:03
  Speaker 3: He didn't abbreviate effing. But and this in particular was
• 41:09
  Speaker 3: a meeting that occurred in September twenty seventeen with Patrick Hoe.
• 41:14
  Speaker 3: Patrick Hoe was an executive with Chinese Energy conglomerate CEFC.
• 41:19
  Speaker 3: And by the way, CFC China Energy, paid Hunter and
• 41:22
  Speaker 3: Jim Biden five million dollars. So this wasn't a small amount.
• 41:28
  Speaker 3: Remember Joe Biden saying said Hunter didn't get money from
• 41:31
  Speaker 3: that China thing except for that five million dollars. But
• 41:36
  Speaker 3: they had a meeting. According to Jim Biden, he and
• 41:38
  Speaker 3: Hunter Biden had a quote pleasant lunch in Hong Kong
• 41:41
  Speaker 3: with Hoe, and at the end of the meeting, Hoe
• 41:45
  Speaker 3: asked to meet alone with Hunter Biden. And here's the
• 41:48
  Speaker 3: quote from Jim Biden's deposition. Quote, Hoe said, can I
• 41:53
  Speaker 3: borrow Hunter for you know, a half hour, We're going
• 41:57
  Speaker 3: to go in the next room, And Jim Biden said, well,
• 42:01
  Speaker 3: he didn't know what they discussed in the next room.
• 42:03
  Speaker 3: This is a man that he had a half hour
• 42:06
  Speaker 3: private meeting with a man whom Hunter is described as
• 42:09
  Speaker 3: the effing spy chief of China. And by the way,
• 42:13
  Speaker 3: just two months after Hunter Biden gets pulled aside for
• 42:17
  Speaker 3: this secret half hour meeting, you know what happened. Two
• 42:20
  Speaker 3: months later, federal prosecutors in New York indicted Hoe on
• 42:26
  Speaker 3: charges that he offered bribes to African officials to obtain
• 42:29
  Speaker 3: oil rights for CFC China Energy during a meeting at
• 42:34
  Speaker 3: the UN General Assembly in twenty fourteen. So this is
• 42:38
  Speaker 3: a guy who a couple months later gets indicted for
• 42:41
  Speaker 3: bribing public officials and he wants to have a private
• 42:47
  Speaker 3: meeting with Hunter Biden, and he does have a private
• 42:51
  Speaker 3: meeting with Hunter Biden. We know also that CFC China
• 42:55
  Speaker 3: Energy paid Hunter Biden a one million dollars to represent
• 43:00
  Speaker 3: even though there's no evidence Hunter Biden did any sort
• 43:03
  Speaker 3: of legal work on any of the cases. And you know,
• 43:07
  Speaker 3: one of the things also that that Hoe did is
• 43:10
  Speaker 3: he gave Hunter Biden a diamond ring, because you know, yeah,
• 43:17
  Speaker 3: that's what the spy chief of China should do, is
• 43:20
  Speaker 3: give the son of the Vice president and now the
• 43:22
  Speaker 3: son of the president a diamond ring.
• 43:25
  Speaker 1: You know.
• 43:25
  Speaker 3: Just but remember remember Joe Biden said told the American
• 43:29
  Speaker 3: people that that Hunter hadn't gotten anything from what is
• 43:32
  Speaker 3: that thing, that China thing.
• 43:34
  Speaker 4: Yeah, that's a great point.
• 43:35
  Speaker 2: It's gonna be one heck of a week here on verdict,
• 43:38
  Speaker 2: especially with a Supreme Court ruling we're expecting to come down.
• 43:41
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• 43:49
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• 43:55
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