Tucker Carlson

This is why our big banks are incompetent

Ideologues used the 2008 bank bailout to kill American meritocracy.

Published

9 months ago

March 14, 2023

Alan Rugger

Tucker looks at the recent bank collapses, how they went wrong and what the government’s potentially going to do about it. Certainly not solve the problem or hold anyone accountable. Highlights include:

“In a normal, non-distorted capitalist economy, companies become valuable, more valuable when they produce more goods and services that people want to buy.”

“But in an economy controlled by monetary policy run by the federal reserve, companies become valuable when interest rates declined. So, for 13 years interest rates remained near zero. In retrospect, now that it’s ended, this was crazy behavior. These were emergency measures declared by the federal reserve in 2008, but the never ended. And because they never ended for 13 years, the American economy was distorted beyond recognition in ways too numerous to count.”

“There was also a problem that you didn’t hear about with low interest rates. If interest rates are at zero, how do you get meaningful returns on your money? This was a problem that virtually every investor faced for more than a decade, very much including the banks. At some point, investors became tempted to make very risky bets. If they wanted to produce returns, they had to.”

“One of the risky bets that banks made was loading up on long term treasury bonds from the US government as a surrogate for cash…But that worked fine as long as interest rates remained low. But once interest rates rose as a response to inflation, as they were always going to do, nothing lasts forever, including zero interest rates, once that happened those bonds were worth less than the banks had paid for them, and so the banks began to fail.”

“You’re also seeing, revealed for everyone to see, the other effect of 13 years of artificial, fed-driven prosperity, and that is a lot of silly, frivolous people in charge.”

“How did this happen, can we get an explanation for that, don’t we have regulators? And how did those regulators, since we’re pretty confident they exist on taking big salaries, how did they miss the fact that SVB was insolvent, apparently, for months, and not in some complex credit default swap way you’re gonna spend 5,000 words trying to understand, but in a really simply way that’s easy to understand? They’re liabilities were bigger than their assets, very simple. How did nobody notice that?”

“Remember that after 2008, the Obama administration, Eric Holder, swooped in and imposed DEI — Diversity, Equity and Inclusion standards — on the entire financial sector, and that’s one of the main reasons our big banks are now increasingly incompetent and also one of the reasons Americans are so divided by race. Ideologues used the 2008 bank bailout to kill American meritocracy. That’s a big step, mostly unacknowledged, but we’re living with its consequences. So, you have to ask yourself, what are they gonna’ do this time?”

“Well, we know we’re about to see bank consolidation, big banks eating little banks, and that means less competition, more consolidation, means more government control. So, what are they going to do with that control? Well, all things being equal, if people don’t start making a lot of noise and exerting an awful lot of pressure, it’ll mean digital currency, a currency that politicians control… You think that’s not coming? Of course it’s coming.”

“What we do know is that the democratic party, the Biden administration sees this crisis as a means of expanding their control. And we know this because in a recent zoom call with the fed, treasury department and other financial regulators with members of Congress, Senator Mark Kelly of Arizona asked whether their was a program in place to censor social media posts that could lead to a national run on banks.”

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Tucker Carlson

Tucker: Ep. 39 Candace Owens responds to Ben Shapiro.

They can’t point to a specific sentence that I said that was wrong, it’s more about how they’re reading into the sentence.

Published

1 week ago

November 20, 2023

Alan Rugger

Politicrossing. The Intersection of Faith and Politics.

Are you a conservative business person? Then check out the Red Referral Network and partner with Dinesh D’Souza by clicking the banner below:

Tucker talks with Candace Owens about debating intelligently and remaining moderate when people on both sides of an argument seem to be rushing to emotion and extremism. Highlights include:

“I think what tends to happen is they have too much ego and they’re too proud and they want to sort-of move on and pretend that they weren’t as radical as they were in their stances, in calling you a grandma killer, you know, if you wanted to go out the door and get groceries or if you wanted to maybe see your grandma because grandma shouldn’t be dying alone even if she is dying. So, it takes a tremendous amount of humility to admit that you were wrong. People prefer to then pretend the internet will forget and just that they had more nuance than they did on the nuance of the day.”

“I’ve been speaking out against this for years, and now you’re demanding that I use my platform to focus on a conflict that’s overseas, and the answer I tend to get is no, I didn’t talk about what was happening, I didn’t realize it was happening, so it actually is quite a selfish viewpoint, which we all have, we’re all guilty of, we write ourselves into the storyline, how is this going to affect me? And that is, I think why it feels existential for other people and not existential for people who have been dealing with this for the last decade.”

“Some people are just now jumping into this dialogue and I don’t fault them their emotion, but I’m not going to become a radical and rise to that level of emotion. I think my takes have been very moderate, even people that are reading into things that I haven’t said are unable to explain to me why what I’m saying is not okay. They can’t point to a specific sentence that I said that was wrong, it’s more about how they’re reading into the sentence…Which, if it’s how you’re reading into it, that’s your emotion.”

“What we’re seeing right now is things that are being perceived as a discrimination and it’s not discrimination, I’m just treating you the same as everyone has been treated throughout, at least, my dialogues and monologues throughout the last six or seven years.”

“They get a little taste of what they can earn for themselves and they kind of go further into this and it actually doesn’t become about America at all, and I think at this particular moment you are seeing a fracturing on the right. There are people that are pro-America, America first…and it absolutely makes my skin crawl when tie America’s success to what we have to do overseas. I believe in national sovereignty, I believe that America has what it takes here at home to be a great nation, and actually, I think history sort-of tells us that once we started this campaign of international liberalism following World War 2, things kind of started falling apart…Socially, morally, economically, this has been a nation that’s in decline.”

“There are a lot of different people that I admire, but I think what they all have in common is an underlying belief in freedom and a hatred for people who are trying to tell you it’s freedom when they are trying to censor you and to belittle you and to smear you and to libel you.”

“It will always pay in the long run to stay on the side of morality, to be moderate in your opinions, to not ever fault yourself for wanting to feed your family first.”

“I would say that I became laser focused and I’ve never felt more secure. I’ve never felt more sure that I will land on my two feet if I follow a path that I deem to be righteous, and I am not speaking these things to myself. That’s God operating. That is God that is operating and is the call upon all people to be righteous in their approaches to things, and that can be very difficult in politics. But, I’m confident, and I think people are…very angry about that confidence, I think they can see the happiness that I have and they’re angry because that means that’s less of an ability to control what I say and what I think.

You can find the links below and leave your thoughts in the comments.

https://x.com/TuckerCarlson/status/1724924211150389280?s=20

Tucker Carlson (@TuckerCarlson) / X (twitter.com)

Tucker Carlson

The two defining tragedies of our time: the war in Ukraine and the presidency of Joe Biden

Obviously it’s not a principal if the only time you defend free speech is when it comes to views you agree with.

Published

3 weeks ago

November 8, 2023

Alan Rugger

Are you a conservative business person? Then check out the Red Referral Network and partner with Dinesh D’Souza by clicking the banner below:

Tucker interviews Glenn Greenwald, host of “System Update” on Rumble, on the war in Ukraine,the hypocrisy of those people only supporting free speech when it suits them, and the state of Donald Trump’s campaign. Highlights include:

“The two defining tragedies of our time, the war in Ukraine and the presidency of Joe Biden, are finally both inevitably coming to an end, both have outlived their usefulness.”

“We were accused of not caring about the Ukrainians, of cheering for the Russians, when none of that was true. All along the point was that there was no way Ukraine could possibly win a war against Russia, a country way larger with a much better military, even if NATO is behind it. The only thing that’s gonna happen is that this war will be prolonged, huge numbers of young Ukrainians and then older Ukrainians, not people who’ve volunteered, but who are conscripts, Zelenskyy has been fighting with a conscript army since the beginning, are going to die, and at the end there’s going to be a negotiation that says that Russia will end up being able to protect the part of eastern Ukraine it believes had people in it who are largely Russian…who are being oppressed by Kiev, they will keep Crimea, there’s no way for these maximalist war aims ever to be achieved…and now here we are two years later.”

“Now they’re finally telling the Ukrainians and so is NATO, look, the gig is up, it’s time for you to sit down at the negotiating table. And now we’re now in a position where NATO has to beg Russia to be happy to keep 20% of Ukraine, which is what they’ve controlled pretty much without any change for the last year or even year and a half as tens of billions of dollars were wasted and thousands upon thousands of lives were extinguished.”

“One of the things that is, I think the greatest fraud of this war, is that the people who kept claiming they were so concerned about Ukrainians were, in fact, totally indifferent to the Ukrainians. They were willing to sacrifice Ukrainians and Ukraine at the altar of getting back at Russia, I think, in large part, because they wanted to extract vengeance against Russia for what they perceive to be Russia’s role in helping Donald Trump win the 2016 election … and they were willing to sacrifice an entire country and to wipe out tens of thousands of lives of young people who didn’t want to fight in order to fulfill their political goal of extracting vengeance against Russia.”

“They’re invoking all the theories that the liberal left have been invoking for years now to justify censorship of the views they dislike. Oh, this is inciting violence, this is going to far, this is hate speech, this is against a vulnerable minority group, and now we’re seeing the same kind of erosion of free speech here in the United States on the part of Americans because now there’s another foreign war. That’s always part of the equation, the domestic aspect to it, that’s more power in the government and takes away more and more rights from Americans.”

“Obviously it’s not a principal if they only time you defend free speech is when it comes to views you agree with. Anybody can do that, that’s easy to do, that’s worthless. The only real test of whether you believe in free speech is whether you defend the right to express the views you find most offensive, and a lot of conservatives, not all, are woefully failing that test.”

“What this shows is that Americans have really come to the conclusion that our leading institutions of authority are radically corrupted. Our media outlets are radically corrupted, the department of justice and the legal system has been aggressively politicized. So now Donald Trump is in a position where he’s facing serious felony charges, I don’t think they’re serious in the sense that they’re real, but they’re serious in the sense that if he’s convicted he’ll go to jail…and yet his lead is expanding over Joe Biden…”

“That is the good news, that these institutions where people have lost faith in deserve to have lost their faith and trust, deserve to have lost their faith and trust, they deserve the contempt and hatred they provoke, and it’s good that Americans are recognizing that. And it’s good that those people there, even though they’ll never question whether they are to blame, are also starting to see that nothing they say really matters and makes a difference any longer.”

You can find the links below and leave us your thoughts in the comments:

Ep. 37 The two defining tragedies of our time — the war in Ukraine and the presidency of Joe Biden — are both finally coming to an end.

TIMESTAMPS:
(00:17) Glenn Greenwald joins
(05:41) Will the Ukraine War Hawks ever apologize?
(07:25) Using foreign wars to punish Americans… pic.twitter.com/vTVXqNNPhT

— Tucker Carlson (@TuckerCarlson) November 7, 2023