Latest / The Rita Panahi Show / The Rita Panahi Show | 2 December

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The Rita Panahi Show | 2 December · The Rita Panahi Show

0:02
Speaker 1: On scornelas Ostrodio.
0:05
Speaker 2: This is the winder Panalty Show.
0:08
Speaker 3: Good evening and welcome to the Rita Panehy Show.
0:11
Speaker 4: Coming up tonight, Penny Wong faces the heat over her
0:14
Speaker 4: part in the Brittany Higgins cover up saga. Patrick Carline
0:18
Speaker 4: and Colleen Harkin will be here to cover today's top headlines.
0:22
Speaker 3: AFL great turn.
0:23
Speaker 4: Successful fund manager Chris Judd will join me on the
0:26
Speaker 4: desk for breakdown on Bitcoin's falling value.
0:30
Speaker 3: Kosher Gator will have the latest from the US.
0:33
Speaker 4: Including the inept Governor of Minnesota, Tim Walls scrambling to
0:37
Speaker 4: avoid accountability, and the always amusing Alex Stein will explain
0:42
Speaker 4: why he's in favor of illegal immigration and we never
0:47
Speaker 4: forget left He's losing it. Tonight featuring a high profile
0:50
Speaker 4: transactivist trying to justify taking photos in the women's bathrooms.
0:56
Speaker 5: Took those photos with a very clear goal in mind,
1:01
Speaker 5: which was to show a non passing trans woman existing
1:05
Speaker 5: peacefully in a bath.
1:07
Speaker 4: But First Foreign Affairs Minister Penny Wong has refused to
1:11
Speaker 4: accept that accusations she made against former liberal minister Linda
1:14
Speaker 4: Reynolds and her chief of STAFFI and O Brown of
1:17
Speaker 4: a political cover up in the alleged rape of Brittany
1:20
Speaker 4: Higgins were unfounded. The senator faced budget estamitz yesterday where
1:25
Speaker 4: she was questioned about the findings from two senior judges
1:28
Speaker 4: that neither Reynolds or Brown had been party to a
1:31
Speaker 4: cover up, indeed there had been no political cover up
1:35
Speaker 4: in the case. Let's have a look at how Penny
1:37
Speaker 4: Wong responded to questioning from Senator Anne Roston.
1:41
Speaker 6: Given the findings of the two superior Australian courts, will
1:46
Speaker 6: you now acknowledge that accusations by you and your government
1:51
Speaker 6: of a cover up were in fact unfounded.
1:55
Speaker 2: Well, I've already given that answer. I've said the independence
2:01
Speaker 2: of the jiujitiaries and the central element of the Westminster
2:03
Speaker 2: system so to his accountability to the Parliament and the
2:06
Speaker 2: role of the opposition.
2:08
Speaker 6: Your comments on several occasions where you made the accusation
2:14
Speaker 6: of a cover up, and so I'm just asking, on
2:17
Speaker 6: the basis of the findings of these two courts, are
2:21
Speaker 6: you prepared to admit that there was accusations made by
2:24
Speaker 6: you on many occasions were unfounded.
2:27
Speaker 2: I'd refer you to my previous answers.
2:29
Speaker 4: Senator joining me now for more on This is Newscorps
2:33
Speaker 4: senior writer Patrick Carline and Institute of Public Affairs Research
2:36
Speaker 4: fellow Colleen Harken Patrick. She repeatedly claimed that she had
2:40
Speaker 4: answered the question.
2:41
Speaker 3: I watched the full interaction and she did not.
2:45
Speaker 4: Not when it comes to the serious claims she made
2:48
Speaker 4: of a political cover up.
2:50
Speaker 7: Absolutely, Look, I mean they weaponized a lie, Penny One
2:53
Speaker 7: and Katie Gallaghan, they destroyed careers. It was predicated on
2:58
Speaker 7: something that was untrue. Turning around now and basically trying
3:01
Speaker 7: to say we don't want to talk about it. That
3:03
Speaker 7: was them. Know what's it got to do with us?
3:06
Speaker 7: They actually destroyed lies with this line, and.
3:09
Speaker 3: The lie is the cover up.
3:11
Speaker 4: We're not talking about the alleged sexual assault, the alleged
3:14
Speaker 4: rape college. But the whole notion of why this implicated
3:18
Speaker 4: the Morrison government and senior minister and chief of staff
3:23
Speaker 4: was that they had sought to cover up, They had
3:25
Speaker 4: sought to mistreat an alleged victim of violence for political
3:32
Speaker 4: gain and that just was not the case and the
3:35
Speaker 4: PM and his ministers need to take some accountability for
3:38
Speaker 4: the role they played.
3:40
Speaker 8: Well.
3:40
Speaker 9: They hounded Senator Reynolds in the Parliament time after time,
3:44
Speaker 9: day after day. They made Fiona Brown's life misery, all
3:48
Speaker 9: based on a weaponized lie. For them to now hide
3:53
Speaker 9: behind victims of sexual abuse is you know, it's cowardice.
3:58
Speaker 9: It's nothing less than cowardice. These mean girls, Pennywong and
4:03
Speaker 9: Katie Gallagher. You know, they really are showing their true
4:06
Speaker 9: colors because they did go after what they knew well
4:12
Speaker 9: what I perhaps shouldn't say is a lie, and they have,
4:17
Speaker 9: as Patrick just sorted, they've destroyed people's reputations and livelihoods.
4:22
Speaker 9: This is long past an issue of just being.
4:24
Speaker 3: A sexual abuse issue.
4:26
Speaker 9: This is a political cover up which is now being
4:29
Speaker 9: exposed on the other side of what they were prosecuting in.
4:31
Speaker 3: The first place. They should, as a bare.
4:34
Speaker 9: Minimum apologize to Senator Reynolds and Ferna Brown. And then
4:38
Speaker 9: it brings into question the two point four million dollars
4:40
Speaker 9: that Britney.
4:41
Speaker 3: Higgins was given.
4:42
Speaker 9: That's all been covered up as well. I mean, I.
4:45
Speaker 4: Really feel for well, we need to have transparency on
4:48
Speaker 4: how they came to that decision. Had they made that
4:50
Speaker 4: decision within twenty four hours, Linda Reynolds wasn't allowed to
4:55
Speaker 4: defend herself in that case, and Patrick PM and his
5:00
Speaker 4: ministers are obviously on the back foot on this issue.
5:04
Speaker 4: But last week the Shadow Cabinet rejected a proposal to
5:08
Speaker 4: demand a full inquiry into the Brittany Higgin scandal.
5:13
Speaker 3: Why would they make that call?
5:14
Speaker 4: Why would they when they're actually got the PM on
5:17
Speaker 4: the back foot.
5:18
Speaker 10: Yeah, let's set back. Look.
5:20
Speaker 7: The word that strikes me is torduring. This has all
5:22
Speaker 7: been so tordy in the way its played out. And
5:25
Speaker 7: I think Linda Reynolds as well as beyonda Brown are
5:28
Speaker 7: owned the truth and transparency in the telling of that truth.
5:31
Speaker 7: I mean, they really were destroyed by something that was wrong.
5:35
Speaker 7: And I agree with you. I agree with Colleen. An
5:38
Speaker 7: apology is a starting point. Now we're going to look
5:41
Speaker 7: at this mediation. It was two point four million dollars
5:43
Speaker 7: over the course of a day. Linda Renolds wasn't allowed
5:46
Speaker 7: to be in the room. There's all sorts of question
5:49
Speaker 7: marks over that. And you look at the Commonwealth's handling
5:51
Speaker 7: of the Linda Reynolds and Fionda Brown cases against the Commonwealth.
5:56
Speaker 7: They've got these the best cases there are in the country,
5:59
Speaker 7: who are apparently twenty five grand a day to defend
6:03
Speaker 7: these these charges, these claims I mean, the whole thing stinks.
6:07
Speaker 11: Now.
6:07
Speaker 4: Breakdown of the fifty eight billion dollars of funding for
6:11
Speaker 4: the NDIS across Australia has revealed whether tax payer money
6:15
Speaker 4: is being spend.
6:15
Speaker 3: New South Wales is naturally receiving.
6:17
Speaker 4: The most funding overall with seventeen point eight billion, but
6:21
Speaker 4: half of the top ten funded council areas nationwide are
6:26
Speaker 4: in Southeast Queensland. Patrick That been a renewed calls for
6:31
Speaker 4: a complete overhaul of the scheme's payment system after it
6:35
Speaker 4: was revealed support workers are submitting in voices written on serviettes.
6:42
Speaker 3: I mean, really, that is just astonishing.
6:45
Speaker 7: The NDIS was a good idea. I think most people
6:48
Speaker 7: agree that that's a nice idea. It's a noble cause
6:51
Speaker 7: it's been executed woefully. It's costing fifty billion dollars a
6:55
Speaker 7: year at the moment. It's estimated it's going to cost
6:57
Speaker 7: one hundred billion dollars a year in the next decade.
7:01
Speaker 7: And you just got to look at the autism rates
7:03
Speaker 7: in Australia. It's two and a half times the rate
7:06
Speaker 7: in Great Britain and that's because you get money from
7:09
Speaker 7: the NDIS. I mean, it's all it's pretty simple. It's
7:12
Speaker 7: all about the numbers here. You've got one in six
7:15
Speaker 7: six year old boys who are on the NDIS does
7:19
Speaker 7: not make sense.
7:20
Speaker 4: And we've got the rates of kids being diagnosed with
7:24
Speaker 4: autism Colleen, just skyrocketing about double the rate of Canada.
7:29
Speaker 10: Correct.
7:29
Speaker 4: And why is that because we've incentivized that diagnosis.
7:33
Speaker 9: Yeah, it also brings into question and the NDAAs is
7:35
Speaker 9: clearly broken and somebody has to do something. And both
7:38
Speaker 9: sides of politics have sat there and watched this train
7:40
Speaker 9: wreck unfold. It's now fifty eight billion dollars. It's the
7:43
Speaker 9: same expenditure give or takers Medicare. And you know, as
7:48
Speaker 9: you just said Patrick, the amount of boys, six year
7:50
Speaker 9: old boys who are now on NDAs for autism. It
7:54
Speaker 9: brings into the question as to what kind of support
7:56
Speaker 9: does an autistic person need mild autism and vere autism
8:00
Speaker 9: and a low level autistic child in a classroom, how
8:04
Speaker 9: much support do they need or not? And it prevents
8:08
Speaker 9: those people that the INDAS was originally orchestra for all
8:12
Speaker 9: of those people who really do need the twenty seven
8:15
Speaker 9: twenty four to seven care and those people who are
8:18
Speaker 9: elderly who are unable to look after themselves with disabilities.
8:21
Speaker 9: They're not getting the money that they're supposed to be
8:23
Speaker 9: getting because it's been raughted at the other end.
8:26
Speaker 4: Now, a new poll conducted for the Australian Financial Review
8:30
Speaker 4: has found support for One Nation has jumped to twenty
8:33
Speaker 4: six percent for gen X males that's men born between
8:37
Speaker 4: nineteen sixty five and nineteen eighty. Male support from the
8:42
Speaker 4: Baby Boomer generation sits.
8:44
Speaker 3: At twenty two percent.
8:45
Speaker 4: The poll has showed that One Nation is scoring a
8:47
Speaker 4: record eighteen percent in the primary vote overall, which is
8:51
Speaker 4: nearly triple what it was during the last federal election.
8:55
Speaker 4: Patrick gen X men backing One Nation even more strongly
8:59
Speaker 4: than Baby boo boomers would surprise a few people.
9:02
Speaker 10: It would.
9:03
Speaker 7: I'm a gen X man, I'm part of that cohort
9:06
Speaker 7: and I think, look, what's happened is people are struggling.
9:09
Speaker 7: There's a lot of men are struggling financially, and I
9:12
Speaker 7: think One Nation has been very clever at sort of
9:15
Speaker 7: leveraging the fact that the immigration levels are very high.
9:18
Speaker 7: They are restricting opportunities for older men in that age group,
9:24
Speaker 7: and a lot the Liberal Party has blown itself up
9:27
Speaker 7: by arguing with itself over net zero and so on.
9:31
Speaker 7: One Nation has been very clever, and I mean you
9:33
Speaker 7: look at those numbers at triple the rate that they
9:36
Speaker 7: were at the election.
9:37
Speaker 4: And they've been clear on things like net zero. It's
9:39
Speaker 4: not just immigration One Nation or against net zero. You
9:42
Speaker 4: know they're against net zero. And you know there's not
9:45
Speaker 4: people within the party who are agitating to embrace net
9:48
Speaker 4: zero as with the Liberals. There's just too much conflict
9:51
Speaker 4: within the party. Colleen, what are the chances of One
9:54
Speaker 4: Nation and the Nationals one day forming a coalition? I
9:59
Speaker 4: mean that beyond the realms of possibility.
10:02
Speaker 9: Well, I don't have internal insight to that, but it
10:04
Speaker 9: would be very interesting, wouldn't it. Because Internationals and One
10:08
Speaker 9: Nation did merge at some kind of conservative alternative, I imagine
10:12
Speaker 9: that would be a very strong contender.
10:14
Speaker 12: People.
10:15
Speaker 9: There'd be a lot of people who would feel like
10:17
Speaker 9: they've felt they've found a home. One Nation's membership increase
10:23
Speaker 9: has been exponential and apparently their greatest cohort is now
10:27
Speaker 9: in Victoria, which says really yes, apparently I'm told from
10:31
Speaker 9: a person who knows, and they are intending to stand
10:35
Speaker 9: in the Victorian state election next year. I think there's
10:38
Speaker 9: a lot of people who feel like they don't have
10:39
Speaker 9: a home at the moment that both of the major
10:41
Speaker 9: political parties are in decline from primary support, So it
10:45
Speaker 9: would be a really interesting concept if those two parties merged.
10:48
Speaker 4: And it would be very interesting to see if the
10:51
Speaker 4: Victorian Liberal Party, the coalition preference one Nation, if they're
10:56
Speaker 4: standing in those state seats, because my first instinct.
11:01
Speaker 3: Would be they won't.
11:01
Speaker 9: Colleen, Well, I think there is you know one Nation's
11:06
Speaker 9: ambition is you know, anti labor. It's not actually anti liberal,
11:10
Speaker 9: but they do have this sort of challenge about where
11:12
Speaker 9: does Liberal Party stand with these very core principles that
11:16
Speaker 9: they keep losing sight of. So it'll be a very
11:20
Speaker 9: interesting thing about the preferences and where they fallen. Who
11:23
Speaker 9: hops into bed with whom at the time.
11:26
Speaker 4: Now mother is preparing to launch legal action against the
11:30
Speaker 4: South Australian Education Department after her daughter was allegedly taught
11:33
Speaker 4: about best reality and incest during a sex education presentation.
11:38
Speaker 4: Nikki Gaillard pulled her three children out of Renmark High
11:43
Speaker 4: School last year after her fourteen year old daughter and
11:47
Speaker 4: her year nine female classmates were given a lecture by
11:50
Speaker 4: a third party organization called Headspace.
11:53
Speaker 3: Berry Colleen.
11:54
Speaker 4: The students were reportedly exposed to the concepts of best
11:58
Speaker 4: reality and incest, and were also allegedly shown a picture
12:01
Speaker 4: of someone who had gone through gender reassignment surgery. Really,
12:07
Speaker 4: is this the sort of thing we should be having
12:09
Speaker 4: inner high school?
12:11
Speaker 9: Absolutely not. And you imagine the only reason we know
12:15
Speaker 9: about this is because that poor girl went home and
12:17
Speaker 9: told her mother. There were a number of other students
12:21
Speaker 9: in that class at the same time who didn't say anything.
12:24
Speaker 9: The students were unsupervised, the person who came in was unvetted.
12:29
Speaker 9: So but for that one brave child, we wouldn't know
12:32
Speaker 9: anything about it. And there are a number of third
12:35
Speaker 9: party providers who go into schools who are nobody knows
12:39
Speaker 9: who they are, what they're saying.
12:40
Speaker 3: They're unvetted.
12:42
Speaker 9: There's a lot of material that's available to schools by
12:44
Speaker 9: third party providers, either about gender issues, about climate alarmism.
12:50
Speaker 4: We really don't know these private entities that are receiving
12:54
Speaker 4: taxpayer funds to provide these programs, or are they government
13:00
Speaker 4: funded bodies.
13:01
Speaker 9: A bit of everything, a bit of private private support
13:04
Speaker 9: from corporations and individual trust funds and government funding. There's
13:10
Speaker 9: a mixture of all sorts of funding elements to them.
13:12
Speaker 3: But they are.
13:15
Speaker 9: Well resourced and well exposed. You know, they get the
13:18
Speaker 9: materials into the schools quite readily, and there's a lot
13:21
Speaker 9: of material in there that parents would be very alarmed about,
13:24
Speaker 9: not just about gender issues and race issues, sustainability, you know,
13:31
Speaker 9: their place in the world that we're all you know,
13:33
Speaker 9: climate alarm, isn't. There's a lot of material that kids
13:35
Speaker 9: are exposed to that is completely age inappropriate and.
13:40
Speaker 4: Completely political ideologic, Absolutely isn't. It doesn't have a place
13:45
Speaker 4: in the school system now. Patrick The Australian reports that
13:48
Speaker 4: despite repeated request, Headspace very has not shared the presentation
13:53
Speaker 4: with the child's mother, mother missus gay Lard.
13:56
Speaker 3: And she said, my daughter's childhood was shortened.
13:59
Speaker 4: Through exposure to completely inappropriate material that Headspace won't even
14:04
Speaker 4: let me see. How can they be happy to show
14:07
Speaker 4: to children what they are ashamed to show to adults. Again,
14:12
Speaker 4: I don't understand why there should be any sort of
14:15
Speaker 4: secrecy about this material. I mean, if there's if you
14:19
Speaker 4: don't have an issue with it, if you think it's
14:21
Speaker 4: suitable for children, then show everyone and say this is
14:26
Speaker 4: just education material.
14:27
Speaker 3: And this particular parent is overreacting.
14:31
Speaker 7: I think you found the word the right word, ideologically driven.
14:35
Speaker 7: And I think there's a pushback from a lot of
14:36
Speaker 7: parents now, aren't there who are saying, hang on, I
14:38
Speaker 7: want to know what my kids are being taught. And
14:41
Speaker 7: I think the fact that this organization won't provide the
14:44
Speaker 7: materials to this parent actually goes to this lack of
14:47
Speaker 7: transparency where parents are actually jumping up now sort of
14:51
Speaker 7: saying hang on, this is I didn't send my kid
14:54
Speaker 7: to school to learn about this ideologically driven sort of concept.
15:00
Speaker 7: I think it's happening more and more, and it's good
15:02
Speaker 7: to see someone actually standing up and saying hang on enough.
15:05
Speaker 4: I think parents have to get interested, Colleen. I think
15:08
Speaker 4: a lot of parents' eyes were open during COVID when
15:11
Speaker 4: they got a glimpse of the homeschooling and saw some
15:13
Speaker 4: of the curriculum material and just how ideologically driven it is.
15:19
Speaker 4: But people are busy, and I think a lot of
15:21
Speaker 4: this stuff gets missed. But you've got to take interest
15:24
Speaker 4: in what's happening in your kids classroom.
15:26
Speaker 3: Patrick Carline, Colleen Harken, thanks so much for your time.
15:29
Speaker 13: Thank you.
15:30
Speaker 4: My next guest is an all time AFL great premiership
15:33
Speaker 4: captain and Juel Brownlow medalist turns successful fund manager, with
15:37
Speaker 4: his Sarahity macro fund returning just over twenty percent per annum.
15:42
Speaker 4: Chris Judd joins me now on the desk. Chris, I
15:45
Speaker 4: want to ask you primarily about crypto.
15:49
Speaker 3: I know nothing about it. I don't understand it.
15:52
Speaker 4: I know that the value of bitcoin has plummeted in
15:55
Speaker 4: recent weeks, gone from one hundred and twenty six thousand
15:59
Speaker 4: US to ninety thousand, in fact, less than ninety thousand.
16:03
Speaker 3: What's causing that?
16:04
Speaker 10: For thanks, REDA good to be on the show.
16:07
Speaker 14: Bitcoin's an asset that's really sensitive to broad liquidity financial
16:13
Speaker 14: liquidity metrics, and there are a few signs in the
16:16
Speaker 14: US that are causing concern around financial liquidity. So one
16:20
Speaker 14: of them is the standing repo facility, which is a
16:22
Speaker 14: facility banks draw on overnight when they don't trust the
16:26
Speaker 14: market to loan the money, and that's going that's been
16:29
Speaker 14: tapped regularly by commercial banks.
16:31
Speaker 10: And then you've had a couple of.
16:32
Speaker 14: Credit funds have some issues recently in the US as well.
16:35
Speaker 14: So I think Bitcoin's price is responding to those sort
16:38
Speaker 14: of broad liquidity challenges that are starting to show their
16:41
Speaker 14: face in the us.
16:42
Speaker 4: Now, for those who don't really understand cryptocurrency, what exactly
16:47
Speaker 4: is it? People say, it's digital goal, it's internet money.
16:50
Speaker 4: Where does its value come from?
16:53
Speaker 14: Well, yeah, I guess i'd encourage people to perhaps separate
16:56
Speaker 14: bitcoin and all other crypto assets, and I guess bitcoin
17:01
Speaker 14: was the creation of digital scarcity, and it was created
17:04
Speaker 14: by people who were anonymous, who believe that people's savings
17:08
Speaker 14: should increase in value instead of decreasing in value by
17:11
Speaker 14: sixty seven percent like they currently do. So you know,
17:14
Speaker 14: for our set owners or people that own a house
17:16
Speaker 14: in Australia, they see their savings increase. But for workers
17:20
Speaker 14: that don't own assets and just have some money in
17:22
Speaker 14: their bank, that money is being debased by six to
17:25
Speaker 14: seven percent a year. And you know that's one of
17:28
Speaker 14: the major challenges that society is currently facing.
17:30
Speaker 4: So do you see bitcoin as different to the other
17:33
Speaker 4: cryptocurrencies and a safer bed despite the fact that it's
17:37
Speaker 4: had a thirty percent drop in the last month or so.
17:41
Speaker 14: Yes, I mean, we're not crypto investors, so it's worth
17:43
Speaker 14: putting that out there, but we do spend a lot
17:44
Speaker 14: of time researching it because it's an important str.
17:46
Speaker 3: Your fins doesn't investor.
17:48
Speaker 14: No, we can only invest in listed security, So you
17:50
Speaker 14: could get exposure to bitcoin through listed securities, but we
17:52
Speaker 14: currently don't. Having said that, I think there are some
17:55
Speaker 14: really different things to bitcoin the other cryptos, namely the
17:59
Speaker 14: way that it's created. Bitcoin is actually mined using a
18:03
Speaker 14: truck load of electricity, so you know, I cost ten
18:06
Speaker 14: thousand dollars worth of electricity to mine one bitcoin. You
18:09
Speaker 14: mind a bitcoin by solving an algorithmic problem quicker than
18:12
Speaker 14: the other miners, which is very complicated.
18:15
Speaker 10: So these real world implications.
18:17
Speaker 14: There's sort of a cost of production which the other
18:19
Speaker 14: cryptotokens don't have, much like there's a cost of production
18:21
Speaker 14: for gold, and it's got huge network effects that a
18:24
Speaker 14: lot of the other tokens don't have. So I definitely
18:27
Speaker 14: would describe it as different, but I certainly wouldn't describe
18:30
Speaker 14: it as not.
18:30
Speaker 4: Risky, as is there an unlimited number of bigcoins.
18:35
Speaker 14: Is only ninety one million dollars, only twenty one million
18:38
Speaker 14: bitcoins that will ever be created. The last bitcoin would
18:40
Speaker 14: be mined in about one hundred years, and the supply
18:45
Speaker 14: per year is now I believe less than one percent.
18:48
Speaker 14: So if you look at gold increases in supply at
18:50
Speaker 14: about one and a half percent a year. If you
18:52
Speaker 14: look at money, it's not you know, we don't live
18:54
Speaker 14: in a world like monopoly. There's a finite amount of money.
18:57
Speaker 14: Money supply increases about six to seven percent a year.
19:00
Speaker 14: So the fact that bitcoin is a scarce asset and
19:03
Speaker 14: the supply is growing far less than even gold is
19:06
Speaker 14: one of the things that the bulls will point to
19:08
Speaker 14: is why it's an important asset.
19:10
Speaker 8: Now.
19:10
Speaker 4: I remember asking you about bitcoin a few years back.
19:14
Speaker 4: If I'd invested back then, I think, we'll say four
19:17
Speaker 4: years ago, what would have I made a lot?
19:22
Speaker 12: A lot?
19:22
Speaker 10: And I mean that's what.
19:23
Speaker 4: So even though it's got this huge fluctuations and it's
19:27
Speaker 4: volatile compared to say a term deposit, it has trended upwards.
19:32
Speaker 14: I mean, it's a multi trillion dollar asset and it
19:34
Speaker 14: was created twelve years ago, so it's had a few
19:37
Speaker 14: sixty to seventy percent price drops since its existence. The
19:41
Speaker 14: difference between that and say trollops or other bubbles. Other bubbles,
19:45
Speaker 14: once they have one sixty to seventy percent correction, they
19:48
Speaker 14: never rebound again like bigcoin has. So even if you
19:51
Speaker 14: look at the US administration where Trump's putting his resource
19:54
Speaker 14: and his family's investing huge amounts of money.
19:56
Speaker 10: So is Howard Lutnick. So's RFK. You go through a
20:00
Speaker 10: a lot of that administration.
20:01
Speaker 14: I'd encourage people not to be emotional about it where
20:05
Speaker 14: they even love it and think it will solve everything,
20:07
Speaker 14: or hate it and think it's rat poison squared to
20:09
Speaker 14: quote Warren Buffett.
20:11
Speaker 10: Just be open to it and explore it.
20:13
Speaker 3: Now.
20:13
Speaker 4: You launched Serity Macro Fund back in June twenty twenty three.
20:19
Speaker 4: It's had enormous success, returned over twenty percent per anum
20:23
Speaker 4: after fees, well over the ASX Small Ordinaries accumulative index
20:29
Speaker 4: which is around ten and a half percent. What's behind
20:32
Speaker 4: that success? How do you go about picking the stocks
20:35
Speaker 4: you back.
20:36
Speaker 14: We like to invest in listed companies that are exposed
20:39
Speaker 14: to sectors with large macro tailings.
20:43
Speaker 10: So a lot of our ideas.
20:44
Speaker 14: Come out of what's happening in the US, things like
20:47
Speaker 14: upgrading the electricity grid in the US, things like increasing
20:51
Speaker 14: their ability to build ships. Currency basement is a big
20:55
Speaker 14: theme which we plan. We express that through gold mining equities,
20:59
Speaker 14: aging demograph fixed superannuation flows.
21:01
Speaker 10: We don't try and hug the entire index.
21:03
Speaker 14: We just stick to companies where we feel they're in
21:06
Speaker 14: sectors that have strong tailwinds.
21:08
Speaker 4: Now, how has someone who really doesn't have a banking
21:12
Speaker 4: or stockbreaking background managed to perform the market.
21:16
Speaker 14: Well, I've been doing for a while, so I was
21:18
Speaker 14: lucky enough to work for a VC fund after foot
21:20
Speaker 14: is an analyst, Okay, and then I've been doing this
21:22
Speaker 14: full time with my own capital for eight years, so
21:26
Speaker 14: I haven't been reading it in a book.
21:27
Speaker 10: I didn't get taught. This is how you have to do.
21:29
Speaker 14: I actually learned the lessons myself with my own capital.
21:32
Speaker 14: And there's you know, there's no substitute for being first
21:36
Speaker 14: principal thinker and being incentive incentivized with your own capital
21:40
Speaker 14: at risk to learn.
21:41
Speaker 10: Some good lessons.
21:42
Speaker 3: So you put your own money into this fund. Yeah,
21:44
Speaker 3: that's right, that is pretty good incentive before you go.
21:47
Speaker 3: There's a lot of talk.
21:48
Speaker 4: Of doom and gloom in the Australian economy. People talking
21:51
Speaker 4: about productivity being low, We've got high taxes, red tape,
21:57
Speaker 4: all sorts of issues with inflation and perhaps the next
22:01
Speaker 4: interest rate move is going to be up knocked down.
22:04
Speaker 4: How do you see the state of the Australian economy.
22:06
Speaker 14: Talking broadly, I think all those things are really true.
22:09
Speaker 14: Productivity numbers are horrible. You know, there's been a chunk
22:13
Speaker 14: of mail investment by the government, and you know, the
22:17
Speaker 14: power energy power policy is questionable. We're seeing shelter and
22:20
Speaker 14: power rise rapidly and inflation has been stubbornly persistent. I
22:24
Speaker 14: would encourage people to view asset prices and the economy
22:28
Speaker 14: is two separate things.
22:29
Speaker 10: If we look at the biggest.
22:30
Speaker 14: Economic crisis since World War Two, that was COVID, and
22:34
Speaker 14: all our asset prices ripped during that time due to liquidity.
22:37
Speaker 14: So we're bullish asset prices. But yeah, we think the
22:40
Speaker 14: economy is in a really tough spot.
22:42
Speaker 3: That's a good point, isn't it.
22:43
Speaker 4: During COVID, we saw real estate prices skyrocket, and yet
22:48
Speaker 4: it was economic devastation.
22:49
Speaker 3: The economy had stopped.
22:51
Speaker 14: So we talked about money supply increasing six to seven
22:53
Speaker 14: percent a year in the States. Over that eighteen month
22:55
Speaker 14: period it increased forty percent.
22:57
Speaker 10: Wow.
22:57
Speaker 14: So it wasn't so much the assets going up, it
22:59
Speaker 14: was the thing measuring them decreasing by a signifying amount.
23:03
Speaker 3: Chris Jad, thank you so much for your time.
23:05
Speaker 10: Thanks reader still to.
23:06
Speaker 4: Comet lefties losing it past the fraud scandal enveloping Minnesota
23:12
Speaker 4: Governor Tim Walls.
23:14
Speaker 3: Kosher gator will join you next.
23:25
Speaker 4: You're watching the Rita Paney Show, and it's time for
23:27
Speaker 4: lefties losing it. He is Sweden's worst export global warming
23:33
Speaker 4: doom goblin Greta Thunberg, causing more trouble in Italy. She's
23:37
Speaker 4: already got her self banned from Venice for dying the
23:41
Speaker 4: main Canal green to protest the weather. Now she's pivoted
23:45
Speaker 4: back to her side, hustle Palestine. Let's look at her
23:49
Speaker 4: dancing with un tax train Francesca ALBERNIZI don't know about you,
23:54
Speaker 4: but talk about genocide doesn't normally have me dancing in
23:58
Speaker 4: the streets.
24:06
Speaker 3: Tennside.
24:07
Speaker 11: Palasign is still ongoing.
24:09
Speaker 3: I reckon the tennis side, and.
24:12
Speaker 4: Palaesign is still ongoing.
24:18
Speaker 3: Know what a pack of weirdos?
24:20
Speaker 4: Now we already have the seditious six, the Democrats who
24:24
Speaker 4: told members of the military to disobey so called illegal orders,
24:27
Speaker 4: though they couldn't name any. Now we can say that
24:31
Speaker 4: we have a seditious ten because the view co hosts
24:35
Speaker 4: they've jumped on board the treason train.
24:37
Speaker 3: Here they are.
24:38
Speaker 4: Suggesting orders given to members of the military may be illegal,
24:43
Speaker 4: and they're calling on you, as servicemen and women to
24:45
Speaker 4: perhaps break the chain of command.
24:48
Speaker 15: Okay, enough enough, Well I know this is why those
24:50
Speaker 15: Democratic fats put out that video last week that people said,
24:54
Speaker 15: why would they need to see what's already obvious that
24:56
Speaker 15: you know, military personal they don't need to They can
25:00
Speaker 15: refuse to act on an illegal order. And people are like, yeah,
25:04
Speaker 15: but there's nothing like that. Well, this is a situation
25:07
Speaker 15: where there were clearly in the cameras two men on
25:10
Speaker 15: like part of parts of the explosion and then they're killed.
25:15
Speaker 15: So the likelihood of this is it's not a war,
25:19
Speaker 15: We're not at war with Venezuela.
25:20
Speaker 3: But it's murder. It's flat out murder.
25:22
Speaker 15: And anyone that acted on those orders could be held
25:25
Speaker 15: on war crimes.
25:27
Speaker 4: Am I yeah, war crimes for killing narcotics traffickers bringing
25:33
Speaker 4: drugs into America that will kill thousands. Really now watches
25:38
Speaker 4: Anna Navarro claims that the Trump administration isn't targeting these
25:43
Speaker 4: Naco boats because of its war on Deadley drugs.
25:46
Speaker 16: What's a theory Donald Trump is trying to convince Americans
25:50
Speaker 16: that this is about fighting drugs, and this is because
25:54
Speaker 16: Maduro released crazy people, opened up the jails and the
25:58
Speaker 16: insane asylums, and sent people here. That second part is
26:01
Speaker 16: flat out lies.
26:03
Speaker 10: There is no evidence of that on.
26:04
Speaker 3: The drug aspect.
26:06
Speaker 16: Very little of the drugs that go through Venezuela actually
26:10
Speaker 16: come to the United States.
26:11
Speaker 3: Yeah.
26:12
Speaker 4: Great analysis there, Anna, And for the last time, your
26:15
Speaker 4: opinions and weird favored dreams are not facts.
26:20
Speaker 3: Time to check in.
26:21
Speaker 4: On transactivist Lily Tino defending his behavior in a woman's
26:26
Speaker 4: bathroom where he took photos of women and what should
26:29
Speaker 4: have been a private female only area.
26:32
Speaker 5: Took those photos with a very clear goal in mind,
26:36
Speaker 5: which was to show a non passing trans woman existing
26:41
Speaker 5: peacefully in a bathroom. How do you change people's minds?
26:45
Speaker 5: That's why I posted the pictures right like, Yes, I
26:47
Speaker 5: knew it was going to be shocking. I knew I
26:50
Speaker 5: wasn't just trying to make people mad. I was trying
26:52
Speaker 5: to expose them to something that over time. I want
26:55
Speaker 5: to be normal. I don't want to have to walk
26:57
Speaker 5: into a bathroom and feel afraid.
27:00
Speaker 4: He knew precisely what he was doing, and he got
27:03
Speaker 4: the attention.
27:04
Speaker 3: He's so desperately craves.
27:06
Speaker 4: Now we know Christmas is fast approaching and the White
27:09
Speaker 4: House is looking glorious this year. First, Lady Millennia Trump
27:14
Speaker 4: oversaw the Christmas decorations.
27:16
Speaker 3: See if you can detect the subtle.
27:18
Speaker 4: Difference between Milania and Jill Biden's work. First, let's have
27:23
Speaker 4: a gander at what Christmas or the holiday season was
27:26
Speaker 4: like at the White House under the Biden administration. Remember this,
27:57
Speaker 4: I think we've had enough of that weirdness.
27:59
Speaker 3: We've had our quota for we it.
28:01
Speaker 4: Today, let's have a look at this year's of White
28:03
Speaker 4: House Christmas decorations.
28:05
Speaker 3: Under the guidance of Millennia Trump. Just a subtle difference,
28:28
Speaker 3: barely noticeable.
28:29
Speaker 4: Now it's time for a stroll down memory lane and
28:32
Speaker 4: watch here as Margaret Brennan from CBS claimed that Afghan
28:37
Speaker 4: asylum seekers were all properly vetted, even as Jade Vance
28:42
Speaker 4: gives her examples and tries to explain to her why
28:45
Speaker 4: prioritizing the safety of Americas should be the top priority.
28:50
Speaker 4: I have to say that interview made Margaret Brennan look
28:53
Speaker 4: pretty terrible at the time. After what happened in DC
28:57
Speaker 4: last week. It makes her look even worse.
29:00
Speaker 17: He said, I don't think we should abandon anybody who's
29:02
Speaker 17: been properly vetted and helped us. Do you stand by that, well, Margaret, I.
29:06
Speaker 13: Don't agree that all these immigrants or all these refugees
29:08
Speaker 13: have been properly vetted. In fact, we know that there
29:11
Speaker 13: are cases of people who allegedly were properly vetted, and
29:14
Speaker 13: then we're literally planning terrorist attacks in our country that
29:17
Speaker 13: happened during the campaign, if you may remember so clearly
29:20
Speaker 13: not all of these foreign.
29:21
Speaker 17: Nations, but there are thirty thousand in the pipeline Afghan refuge.
29:25
Speaker 13: But my primary condemnment as the vice president, Margaret, is
29:28
Speaker 13: to look after the American people, And now that we
29:31
Speaker 13: know that we have vetting problems with a lot of
29:33
Speaker 13: these refugee programs, we absolutely cannot unleash thousands of unvetted
29:38
Speaker 13: people into our countries.
29:39
Speaker 3: People are vetoed.
29:40
Speaker 17: These people are vetted.
29:41
Speaker 13: Just like the guy who planned a terrorist attack in
29:43
Speaker 13: Oklahoma a few months ago. He was allegedly properly vetted,
29:46
Speaker 13: and many people in the media and the Democratic Party
29:48
Speaker 13: said that he was properly vetted.
29:50
Speaker 5: Clearly he wasn't.
29:51
Speaker 13: I don't want my children to share a neighborhood with
29:54
Speaker 13: people who are not properly vetted. And because I don't
29:57
Speaker 13: want it for my kids, I'm not going to force
29:59
Speaker 13: any other Americans citizens kids to do that either.
30:01
Speaker 17: No, and that was a very particular case. It wasn't
30:03
Speaker 17: clear if he was radicalized when he got here or
30:06
Speaker 17: while he was living.
30:07
Speaker 5: I don't really care, Margaret.
30:08
Speaker 13: I don't want that person in my country.
30:10
Speaker 4: The inect governor of Minnesota, the man Kamala Harris selected
30:14
Speaker 4: to be her running mate in her failed presidential campaign,
30:17
Speaker 4: is under renewed pressure due to the extraordinary amount of
30:22
Speaker 4: fraud and criminality in his state. Even NBC was asking
30:26
Speaker 4: Tiam Walls the tough questions.
30:29
Speaker 1: Dozens of people of East African descent have been charged, convicted,
30:33
Speaker 1: and sentenced for stealing more than a billion dollars in
30:36
Speaker 1: taxpayer money from government programs during COVID. As you know, Governor,
30:41
Speaker 1: that is more than Minnesota spends each year to run
30:44
Speaker 1: its Department of Correction. So I want to give you
30:46
Speaker 1: a chance to respond to this. Do you take responsibility
30:50
Speaker 1: for failing to stop this fraud in your state?
30:54
Speaker 10: Well, certainly I.
30:55
Speaker 3: Take responsibility for putting people in jail.
30:57
Speaker 17: Governors don't get to just talk the ARA.
31:00
Speaker 2: We have to solve problems.
31:02
Speaker 4: Say what now, did he just say I take responsibility
31:05
Speaker 4: for putting these people in jail.
31:07
Speaker 3: He did no such thing.
31:08
Speaker 4: It was federal prosecutions that put them in jail. But
31:12
Speaker 4: what as that light takes hold in the media, and
31:16
Speaker 4: of course it's repeated by the reliably daft ladies of
31:19
Speaker 4: the view.
31:20
Speaker 11: Tim Walls said, I put these people in jail. Yeah,
31:23
Speaker 11: it wasn't like we sat around and didn't do anything.
31:26
Speaker 11: And the horrific part is why is he painting our
31:32
Speaker 11: Somali Americans with this that heat brush.
31:37
Speaker 4: Far from putting them in jail or even properly investigating
31:41
Speaker 4: fraudulent behavior, this is what Tim Walls did. According to
31:45
Speaker 4: hundreds of state workers at the Minnesota Department of Human Services,
31:50
Speaker 4: who released a statement that began with this, Tim Walls
31:53
Speaker 4: is one hundred percent responsible for massive fraud in Minnesota.
31:57
Speaker 4: We let Tim Walls know of fraud earlier, hoping for
32:00
Speaker 4: a partnership in stopping fraud. But no, we've got the
32:03
Speaker 4: opposite response. Tim Walls systematically retaliated against whistleblowers, using monitoring threats, repression,
32:11
Speaker 4: and it is best to discredit fraud reports. Let's bring
32:15
Speaker 4: in Sky News contributor Kosher Gata Kosher.
32:18
Speaker 3: What has been.
32:19
Speaker 4: Happening in Minnesota and what is Tim Walls's culpability here?
32:24
Speaker 3: Fraud galore.
32:24
Speaker 8: There's fraud everywhere, but Minnesota has just become the poster
32:27
Speaker 8: child for it. As you say it. Over there, about
32:30
Speaker 8: a billion dollars in tax payer money has been defrauded.
32:33
Speaker 8: That's more than their annual revenue that they take in
32:35
Speaker 8: in tax revenue. A lot of it is from the
32:38
Speaker 8: slush money that was going around because of COVID funding.
32:41
Speaker 8: There's lots of fraud that happened around that Medicaid housing
32:44
Speaker 8: all of those things. The one that's getting extra heat
32:47
Speaker 8: is this organization that is a Somali organization. So while
32:52
Speaker 8: fraud is bad when it's of any stripe, it just
32:54
Speaker 8: adds extra salt.
32:55
Speaker 18: On the wound.
32:56
Speaker 8: When it's happening from a foreign shaded entity or a
33:01
Speaker 8: recent immigrants that are perpetuating that fraud, that just cuts deeper,
33:04
Speaker 8: which is why that's part of the story. On top
33:06
Speaker 8: of the other fraud and his culpability. I mean, look,
33:09
Speaker 8: it's he's kind of got this Elmer Fudd persona. Everybody
33:12
Speaker 8: laughs at him, and he doesn't come across as strong
33:15
Speaker 8: at all. Certainly that's part of it, because it's leadership.
33:18
Speaker 8: I will say in his defense, the root cause of
33:20
Speaker 8: all of this is structural. When you have a giant
33:23
Speaker 8: welfare state in the country and then you pour into
33:25
Speaker 8: that this spigot of immigration and people who don't really
33:30
Speaker 8: care about the common good and they're sort of here
33:32
Speaker 8: for a cash grab, you're going to wind up in
33:34
Speaker 8: these situations. But he is a post child to somebody
33:36
Speaker 8: who's a week leader. And a billion dollars of fraud
33:39
Speaker 8: is a very very bad story, and it's getting bad
33:41
Speaker 8: to worse.
33:42
Speaker 4: And he added that makes all that COVID money that
33:45
Speaker 4: was just dispersed very loosely. And yeah, the hundreds of
33:51
Speaker 4: millions that have been defrauded heat billion dollars.
33:54
Speaker 3: Is just astonishing.
33:56
Speaker 4: Now Trump has released a rather extraordinary statement of truth
34:00
Speaker 4: social and there is so much here. We're just going
34:03
Speaker 4: to unpack a small part of it. There's a lot
34:05
Speaker 4: of red meat for the Basia kosher. This is precisely
34:09
Speaker 4: why he won in a landslide. It's stuff that the
34:11
Speaker 4: media hates, the political class hates, but it's what his
34:16
Speaker 4: base wants to hear.
34:17
Speaker 3: Let me read you a few sections he wrote.
34:20
Speaker 4: A migrant earning thirty thousand with a green card will
34:23
Speaker 4: get roughly fifty thousand in yearly benefits for their family.
34:28
Speaker 4: The real migrant population is much higher. This refugee burden
34:31
Speaker 4: is the leading cause of social dysfunction in America, something that.
34:35
Speaker 3: Did not exist after World War Two.
34:38
Speaker 4: Failed schools, high crime, urban decay, overcrowded hospitals, housing shortages,
34:43
Speaker 4: and large deficits. Kosha, There's more in that statement we're
34:47
Speaker 4: going to look at. But what are your thoughts on
34:50
Speaker 4: what I've just read about the economic and social burden
34:54
Speaker 4: that some forms of migration.
34:57
Speaker 3: Calls the host country.
35:00
Speaker 8: It boils down to those two things. The economics big
35:03
Speaker 8: picture is just pouring competition into the labor market. Hence
35:07
Speaker 8: it depresses wages because there's more and more people competing
35:09
Speaker 8: for limited.
35:10
Speaker 3: Numbers of jobs.
35:11
Speaker 8: That's why you have things like the average or the
35:13
Speaker 8: median entry level home price used to be three times
35:17
Speaker 8: the median income a generation ago, and now it's seven
35:19
Speaker 8: or eleven times, depending on the city. So it's just
35:21
Speaker 8: more and more difficult for people to survive and earn
35:24
Speaker 8: a comfortable middle class living based on that, then you've
35:27
Speaker 8: got the fraud and all of these types of examples
35:29
Speaker 8: that he's citing and others. And that comes back to
35:31
Speaker 8: the welfare state, as we discussed post World War two,
35:34
Speaker 8: as you said in that tweet, there wasn't a giant
35:37
Speaker 8: welfare state or in the earlier years of immigration waves
35:40
Speaker 8: from Europe and so on in the US history. So
35:42
Speaker 8: thirty percent of immigrants from Europe went back because they
35:44
Speaker 8: couldn't make it. Now you're just inviting the world, and
35:48
Speaker 8: then you can collect these kinds of price tags and
35:50
Speaker 8: food stamps and housing and this and that.
35:52
Speaker 3: And defrauding this.
35:53
Speaker 4: Welfare, I think is a big probably offensive to many Americans,
35:59
Speaker 4: many of them who have never collected welfare. They just
36:02
Speaker 4: put money in, they work, they pay taxes, and then
36:06
Speaker 4: they see their neighborhoods changing not for the better.
36:09
Speaker 8: And this and this welfare have mass immigration with mass welfare,
36:13
Speaker 8: those two together as a recipe for disaster. And then
36:16
Speaker 8: the social piece of it, which you touched on as well,
36:18
Speaker 8: is part of it too. That not all cultures are interchangeable,
36:21
Speaker 8: not all cultures are compatible. It's been very difficult to
36:25
Speaker 8: see that out in the open in recent times, but
36:27
Speaker 8: it's becoming more and more obvious to people. And that's
36:29
Speaker 8: why the public opinion and public sentiment on immigration in general,
36:33
Speaker 8: not just legal but also legal, skilled, unskilled, all of
36:36
Speaker 8: it is really rapidly changing. But it might be too late.
36:39
Speaker 4: Well, let's have a look at more of this Trump's
36:41
Speaker 4: statement focusing on Minnesota and the mass migration of Somalians
36:46
Speaker 4: to that state. Here's what President Trump wrote. He said,
36:50
Speaker 4: hundreds of thousands of refugees from Somalia completely taking over
36:53
Speaker 4: the once great state of Minnesota. Somalian gangs are roving
36:56
Speaker 4: the streets looking for prey as our wonderful people stay
37:00
Speaker 4: locked in their apartments and houses, hoping against hope that
37:02
Speaker 4: they will be left alone. The seriously retarded governor of Minnesota,
37:06
Speaker 4: Tan Walls, does nothing, either through fear and competence or both,
37:10
Speaker 4: while the worst congresswoman in our country, ilin Omer, always
37:15
Speaker 4: wrapped in her swaddling hijab and who probably came into
37:19
Speaker 4: the USA illegally in that you are not allowed to
37:22
Speaker 4: marry your brother, does nothing but hatefully complain about our country,
37:26
Speaker 4: its constitution, and how.
37:28
Speaker 3: Badly she is treated.
37:30
Speaker 4: When a place of origin is a decadent, backward and
37:33
Speaker 4: crime ridden nation which is essentially not even a country
37:36
Speaker 4: for lack of government, military, police schools. Even as we
37:40
Speaker 4: have progressed technologically, immigration policy has eroded those gains and
37:44
Speaker 4: living conditions for many. I will permanently pause migration from
37:48
Speaker 4: all third world countries to allow the US system to
37:52
Speaker 4: fully recover. Terminate all of the millions of Biden's illegal admissions,
37:56
Speaker 4: including those signed by Sleepy Joe Biden's oudopair, and remove
38:01
Speaker 4: anyone who is not a net asset to the United
38:03
Speaker 4: States or is incapable of loving our country, and all
38:07
Speaker 4: federal benefits and subsidizers to non citizens of our country.
38:12
Speaker 3: Kosher a lot there.
38:14
Speaker 4: All the focus has been on the assessment of Tim
38:17
Speaker 4: Walls being and I quite seriously retarded. But there are
38:21
Speaker 4: some major policy announcements in that statement, and they followed
38:27
Speaker 4: through with that.
38:28
Speaker 8: Huge and he sent that out on Thanksgiving. Yeah, it
38:31
Speaker 8: was this barn burner of happy Thanksgiving, We're enjoying the weekend.
38:35
Speaker 8: Some of it, I would say, to his base, was
38:36
Speaker 8: a bit surprising that it hasn't been done already. So
38:38
Speaker 8: you know, when he said and there, we're going to
38:40
Speaker 8: cut benefits, these types of welfare benefits to illegals and
38:45
Speaker 8: non citizens. A lot of people thought that had kind
38:46
Speaker 8: of been done from when he signed up flurry of
38:48
Speaker 8: executive orders on day one. But be that as it may,
38:51
Speaker 8: that is why he won in the landslide. He single
38:54
Speaker 8: handedly changed the whole conversation around immigration when he came
38:57
Speaker 8: into the political arena in twenty fifteen. Is not being
39:00
Speaker 8: implemented fast enough? Maybe inherently it cannot be implemented fast
39:04
Speaker 8: enough because the wave of immigration is always ten steps
39:07
Speaker 8: ahead of any policy catch up policy that you do
39:10
Speaker 8: on the back end, unless you go bold and really
39:13
Speaker 8: do something that would be considered radical, which is what
39:16
Speaker 8: he had in there, things like a moratorium for a generation.
39:19
Speaker 8: Maybe why is it a given that every country has
39:21
Speaker 8: to take immigrants? Maybe GDP goes down, Maybe some of
39:23
Speaker 8: those metrics are not as important as other metrics. So
39:26
Speaker 8: that's the kind of stuff he's talking about, in terms
39:28
Speaker 8: of cutting off funding for anybody who's not a citizen
39:32
Speaker 8: taking well for benefits, taxing remittances when they're sending that
39:36
Speaker 8: money back to their own country. That's sort of like
39:38
Speaker 8: a flavor of the tariff thing that he's doing. And
39:40
Speaker 8: also I think the last thing is if you're found
39:43
Speaker 8: criminally liable for something, should immigration status be on the table.
39:48
Speaker 8: So not just that you go to jail or you
39:49
Speaker 8: have a fine, but visas being revoked. Denaturalization is something
39:53
Speaker 8: that's theorying.
39:53
Speaker 4: I want so if you've been naturalized, that you are
39:56
Speaker 4: now US citizen, that they could take that away.
39:59
Speaker 3: Yeah, there is, there.
40:00
Speaker 4: Is crewed out, but the court say started, yeah, we'll
40:03
Speaker 4: see where that one's going to be illegal. Battle now
40:05
Speaker 4: the attack on two National Guard members by an Afghan
40:08
Speaker 4: national that has also seen the Trump administration take a
40:13
Speaker 4: very hardline stance on immigration issues and particularly vetting those entering.
40:17
Speaker 4: The US Department of stat has paused all US visas
40:21
Speaker 4: for those traveling on Afghan passports, and the US has
40:24
Speaker 4: announced all asylum decisions will be paused until they can
40:28
Speaker 4: ensure that every alien is vetted and screened to the
40:32
Speaker 4: maximum degree possible.
40:33
Speaker 3: Let's hear from prison Trump, how.
40:36
Speaker 7: Long does your administry should we ad to prize the
40:38
Speaker 7: sale and into the US?
40:41
Speaker 5: Can you give any We.
40:43
Speaker 7: Don't want those people.
40:44
Speaker 10: We have enough problems. We don't want those people. You
40:46
Speaker 10: know why we don't want them because many of them
40:48
Speaker 10: no good, and they shouldn't be enough.
40:50
Speaker 18: Take the people from different countries set are not friendly
40:56
Speaker 18: to us, and countries centermatic control of themselves, countries Somalia
41:00
Speaker 18: that have originally no government, no military, no politic pulling ors.
41:04
Speaker 10: Go around killing each other. Then they come into our couch.
41:07
Speaker 18: You can tell us how to run attacking.
41:09
Speaker 10: We don't want that.
41:10
Speaker 4: It is just such a dramatically different approach to what
41:15
Speaker 4: we've seen in this country from both sides of politics,
41:18
Speaker 4: what we've seen in the UK. You could say Nigel
41:21
Speaker 4: Ferrachu's leading in the polls has got that Trump flavor
41:25
Speaker 4: now what he says, but that is unas shamed bold.
41:30
Speaker 4: The Republicans must feel that they're on safe ground on
41:33
Speaker 4: this issue.
41:34
Speaker 8: They are. Public polling has completely shifted, as we're seeing
41:37
Speaker 8: in fear of it. He is shifting the orbitin window
41:39
Speaker 8: of what is acceptable discourse, what are the bounds of
41:42
Speaker 8: debating what the appropriate immigration policy is. So even if
41:45
Speaker 8: he doesn't land where he's seeing, he's shifting the goal
41:48
Speaker 8: post into that direction and hopefully we get closer to it.
41:51
Speaker 8: Some would say, instead of banning all third world country immigrants,
41:54
Speaker 8: has ban everybody do it Moreitorum because then you get
41:56
Speaker 8: out of this framing of oh, you're being racist or
41:59
Speaker 8: you're attacking country or another. Just ban it all and
42:02
Speaker 8: live with the consequences of GDPR or skills gapped.
42:04
Speaker 4: And he's not into that because he does want to
42:07
Speaker 4: bring in skilled migrants and that there's been conflict within his.
42:11
Speaker 8: Base, like the Chinese students. He stuck up for them
42:14
Speaker 8: and Peter price Ford politically, So you're right, he's not
42:16
Speaker 8: quite that bored, but he's definitely shifting the discussion.
42:19
Speaker 3: Kosher Gator, thanks for your time, pleasure still to come.
42:22
Speaker 4: Alex Stein joins me, and you'll explain why he is
42:25
Speaker 4: all four illegal immigration Welcome back. Joining me now is
42:39
Speaker 4: comedian Alex Stein. And Alex we're going to talk about
42:43
Speaker 4: the issue of immigration, illegal and legal migration through asylum
42:48
Speaker 4: program some better run than others, some with barely any vetting.
42:52
Speaker 4: Let's hear it from the man dubbed America's Sweetheart by
42:56
Speaker 4: Jesse Waters, the Trump administration's bulldog, Stephen Miller.
43:00
Speaker 5: This was not a loophole.
43:01
Speaker 19: The bide of the administration. Secretary of Homeland Security Allejandra
43:06
Speaker 19: Majorkis devised a scheme to fly illegal aliens into the
43:11
Speaker 19: country and then to escort them in mass across the
43:13
Speaker 19: board by the millions, and to give them something known
43:16
Speaker 19: as parole, which gives them a work permit, which gives
43:19
Speaker 19: them which gives them a Social Security number, which gives
43:23
Speaker 19: them access to the voting booth. This was the plan
43:26
Speaker 19: all along to get them here illegally so they can
43:29
Speaker 19: get free government benefits, get hooked to welfare, and be
43:32
Speaker 19: able to participate in American elections. This was an attack
43:36
Speaker 19: on democracy by the Democrat Party. It's the same attack
43:40
Speaker 19: that we see Sean when you have California, a sanctuary
43:44
Speaker 19: state that is refusing to turn over even illegal alien
43:49
Speaker 19: criminals and gang members to ICE. So these are illegal
43:52
Speaker 19: aliens in California who have been arrested by California police,
43:56
Speaker 19: by California law enforcement for serious crimes, for crimes against children,
44:01
Speaker 19: for felonies, for crimes that threat in public safety, and
44:04
Speaker 19: they are refusing to hand these criminal legal aliens over
44:08
Speaker 19: to ICE. Instead, they're freeing them back into the cities
44:11
Speaker 19: to offend and offend again. By any definition, what California
44:15
Speaker 19: is doing is criminal.
44:18
Speaker 4: Alex Is that how you see it that the Democrats
44:20
Speaker 4: these policies that they implemented were essentially an attack on
44:24
Speaker 4: American democracy.
44:27
Speaker 12: One thousand percent. And one of the other reasons they
44:30
Speaker 12: do it is so that they can increase the census,
44:32
Speaker 12: so they can get more, you know, representatives in Congress
44:35
Speaker 12: by filling their stay with the legal immigrants. So this
44:38
Speaker 12: is an immigration scan that's been going on. And let's
44:41
Speaker 12: be real, even conservatives aren't against social services. We just
44:44
Speaker 12: don't want our social services going to illegal immigrants over
44:47
Speaker 12: American citizens. And what Stephen Miller said was exactly correct.
44:51
Speaker 12: And you know, the past administration basically just let anybody
44:54
Speaker 12: that wanted to come could come to this country. It
44:57
Speaker 12: didn't matter, their criminal record, didn't matter, you know, why
45:00
Speaker 12: they were leaving their country. We just let them come in.
45:03
Speaker 12: And now we're facing the consequences of an administration that
45:05
Speaker 12: was trying to win future elections by basically giving free
45:09
Speaker 12: social services to illegal immigrants in the host that they
45:12
Speaker 12: will not only up the numbers in their area to
45:15
Speaker 12: get more representation, but so that they'll vote to continue
45:17
Speaker 12: to keep all these free social services for themselves. So
45:20
Speaker 12: it's a horrible system. And you know, if you come
45:22
Speaker 12: to America, you need to come the right way. You
45:24
Speaker 12: don't need to come here illegally because you know, it's
45:26
Speaker 12: really really affecting all of the jobs and just you know,
45:30
Speaker 12: the overall well being of our entire country.
45:33
Speaker 4: Now, President Trump was in attack mode against Congresswoman elon Omar,
45:38
Speaker 4: even touching on the almost taboo topic, which is the
45:43
Speaker 4: manner in which she's alleged to have into the country.
45:47
Speaker 18: When you talk about not talking about like Somalia, when
45:50
Speaker 18: you have a congressman goes around telling everybody about our constitution,
45:55
Speaker 18: and yet she supposedly came into a country by marrying
45:57
Speaker 18: her brother. Well, if that's true, be a congressman, and
46:01
Speaker 18: we should throw the hell out of our country.
46:03
Speaker 12: Do you stand by that claim of hauling Tim Wall's retarded?
46:05
Speaker 10: Yeah, I think there's something wrong with it. Absolutely sure,
46:08
Speaker 10: you don't think they have a problem with it.
46:10
Speaker 18: Anybody that would allow those people into a state and
46:13
Speaker 18: paid billions of dollars after sable Yet, Yeah, there's something
46:17
Speaker 18: wrong with Walls.
46:19
Speaker 3: Didn't miss Tim Walls there either, Alex.
46:21
Speaker 4: How will this attack against ilan Omar play out? I've
46:25
Speaker 4: already seen outrage from the usual suspects of CNN, MSN, NOW, ABC, NBC.
46:31
Speaker 3: All of them.
46:32
Speaker 4: But how is the average Americans seeing this clash between
46:36
Speaker 4: Trump and Omar.
46:38
Speaker 12: Well, you know, the average American probably doesn't know that
46:41
Speaker 12: Ilan Omar allegedly didn't immigrations came, or she allegedly married
46:45
Speaker 12: her brother. So I think if more people knew that,
46:46
Speaker 12: they would definitely be frustrated if she was their representative.
46:49
Speaker 12: But when it comes to the issue, and you know
46:52
Speaker 12: her district and all of the Somalis that live there,
46:56
Speaker 12: Donald Trump is exactly right. Tim Waltz is just letting
46:59
Speaker 12: these people come in here, and you know, tampon Tim Waltz,
47:02
Speaker 12: I'm so happy that he is getting called out by
47:04
Speaker 12: Donald trumpet. And you know, you had all the politicians
47:07
Speaker 12: after conservatives, conservatives like George Santos, and need to go
47:09
Speaker 12: after these liberals like Lana mark Oh.
47:13
Speaker 4: I tell you, the Somalian population certainly has become a
47:18
Speaker 4: powerful force in Minnesota and they are impacting on elections there.
47:23
Speaker 3: Now we know the Trump administration is.
47:26
Speaker 4: Hell bent on stamping out illegal immigration, there are those
47:29
Speaker 4: who continue to support those who are in the country illegally,
47:34
Speaker 4: including you, Alex Stein.
47:36
Speaker 8: Would you rather date a liberal or an illegal immigrant?
47:39
Speaker 12: I would always rather date a big bal latina and
47:42
Speaker 12: that's why I want amnesty for all big deal Latinas.
47:44
Speaker 12: If you're a nine, you're fine. I love these illegal immigrants.
47:48
Speaker 12: The more illegal the better. Like I want them fresh
47:50
Speaker 12: off the boat because I don't want them to come
47:52
Speaker 12: here and get to americanized. I like their culture, so
47:54
Speaker 12: sometimes they lose that they become like an American woman
47:57
Speaker 12: lazy online shopping. No, I want a woman that could cook, clean,
48:00
Speaker 12: fold the bed corner so that it's perfect, so that
48:02
Speaker 12: when I get into my home bed it feels just
48:04
Speaker 12: like I'm getting into a bed at a hotel. And
48:06
Speaker 12: who cleans all the hotels the best?
48:07
Speaker 4: Speaking of Latinas, Alex trying to explain yoursel if I
48:12
Speaker 4: can't help you here, well.
48:14
Speaker 12: Rita, I don't need a lot of help. You know,
48:16
Speaker 12: this is a bipartisan issue here in America. We want
48:19
Speaker 12: the cartel members thrown out, we want all of the
48:21
Speaker 12: illegal gangbangers. But if you're a beautiful, big boody Latina,
48:24
Speaker 12: you're welcome to stay in our country. We want amnesty
48:27
Speaker 12: for all nine. If you're a nine, you're fine. If
48:30
Speaker 12: you're an eight, no immigration debate, you're welcome to stay.
48:32
Speaker 12: And Rita, you're welcome to stay as well. You don't
48:35
Speaker 12: have to be a Latina. Any beautiful immigrant can stay.
48:39
Speaker 12: All the guys you got to.
48:40
Speaker 4: Go, alex Stein, thank you so much for your time tonight,
48:45
Speaker 4: and that's all the time we have.
48:48
Speaker 3: I'll see you tomorrow night at eleven. Newsnight is up
48:51
Speaker 3: next