Tucker Carlson

This is why our big banks are incompetent

Ideologues used the 2008 bank bailout to kill American meritocracy.

Published

2 weeks 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

This would give the government terrifying power

This isn’t about banning TikTok. This is about introducing flat out totalitarianism into our system.

Published

2 days ago

March 27, 2023

Alan Rugger

Tucker looks at what’s potentially bad about our government’s bipartisan effort to ban TikTok, a move many of us would be on board with…if it weren’t another crudely disguised attempt to rush through something that gives them more vague powers in the name of national security. Highlights include:

“Every day more than 2 billion people use the social media app called TikTok. Many of them are young people under the age of 24. If you had kids, you probably know already how TikTok works. TikTok lets users upload short videos, usually they’re under 30 seconds. What’s interesting is that the content of these videos varies a lot depending upon what country you’re in. If you’re in China, where TikTok is headquartered, you tend to get more educational content. But if you live in this country, you get an awful lot of filth and propaganda tailored for kids.”

“Can you see what’s going on here? Well, China does, they run TikTok and China knows if you want a productive society that extends beyond, say, next week, you teach your kids about hard work and creativity and personal responsibility, respect for authority. But if you want to destroy a society, you funnel a bunch of garbage to kids about gender ideology and ‘twerking’. As the account ‘Libs of TikTok’ has documented extensively, that’s exactly what TikTok is doing here. There’s a whole genre of videos of teachers boasting about indoctrinating kids.”

“Right now, in response to criticism of TikTok, China’s government and the company itself are doing the same thing they did when they responded to allegations of a lab leak in Wuhan. They’re saying anyone who raises questions is a racist, and they’re doing that everywhere across the media, and they can because a lot of the news that you consume is paid for by TikTok.”

“One of the bills that would ban TikTok is being pushed, as we said, by senators in both parties. It’s called the Restrict Act. Mark Warner of Virginia and John Thune of South Dakota, Democrat and Republican, introduced this legislation. Now, the bill is ostensibly protecting American national security and ending ‘foreign adversaries’ from interfering in our elections through apps like TikTok, because of course election interference by Twitter and Facebook is no problem at all, but election interference from TikTok is totally unacceptable, okay. But in reality, and you should know this if you’re opposed to TikTok, as we are, this bill isn’t really about banning TikTok, it’s never about what they say it is. Instead, this bill would give enormous and terrifying new powers to the federal government to punish American citizens and regulate how they communicate with one another. For example, the bill would regulate ‘certain transactions between persons in the United States and foreign adversaries’. Now, what’s a foreign adversary and who gets to decide? Well, the Secretary of Commerce and the DNI, not the Congress, get to decide what foreign adversaries are.”

“So, if the Biden administration decides that you’re doing this, then the secretary of commerce can then enforce ‘any mitigation measure to address any risk arising from any covered transaction by any person, or with respect to any property, subject to the jurisdiction of the United States’. These ‘covered transactions’ can involve ‘current, past, or potential future transactions’, and the mitigation measures include, but are not limited to throwing American citizens in prison for 20 years.”

“So, you would be allowing the executive branch, the Biden administration, to regulate speech on the internet, and if you are somehow involved with a ‘foreign adversary’, lets say you oppose the war against Russia, you got to prison for 20 years. So, this isn’t about banning TikTok, this is about introducing flat out totalitarianism into our system.”

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Tucker Carlson

Tucker: This is malicious

In this country the prosecution has to, for Constitutional and moral reasons, turn over exculpatory evidence to the defense. That did not happen. This is wrong.

Published

7 days ago

March 23, 2023

Alan Rugger

Tucker comments on the Biden administration’s wanting to arrest up to another 1200 people, not for committing crimes, but for showing their support for democracy, the left’s second favorite word since Biden took office. Highlights include:

“Here’s what we know, a Soros-funded prosecutor in New York, a man who ran on the promise to indict Trump, seems to be working hard to indict Trump, indicting him for a crime that no one even pretends is a crime, including the federal agency that has already investigated it and declared it not a crime.”

“So, in Manhattan tomorrow, what will certainly be an overwhelmingly liberal grand jury will meet, and unless something unexpected happens, Democrats will have taken the unprecedented step of using a corrupt justice system to take out the front runner in the Republican presidential field in a presidential race, and if that happens, America will never be the same.”

“As of tonight, it’s not just Trump who is the target of this, it’s Trump’s voters. The Biden administration is in the process of preparing yet another law enforcement dragnet of more than 1,000 non-violent January 6 protesters. These are not people who broke windows or tussled with cops, these are patriotic Americans who dared to question the official story of the 2020 election.”

“They watched with the rest of us as covid was used as a pretext to eliminate longstanding barriers to voter fraud. They saw a democratic partisan Mark Zuckerberg spend nearly half a billion dollars to influence the mechanics of voting, including in critical swing states. Nevertheless, as they watched the news on the night of November 3, Trump seemed to be winning reelection, and then they woke up and smug tv anchors are telling them that actually, a senile man who refused to campaign had won the biggest landslide in American history.”

“The Biden administration has identified 1,000 additional Trump voters for non-crimes that they claim took place on January 6, mostly walking as Jacob Chansley did. In recent months, according to a story in the Washington Post, US attorney Matthew Graves, a willing tool of the Biden administration , has written to court officials alerting them that an additional 700 to 1200 people may be charged stemming from January 6.”

“This dragnet is so vast that prosecutors are warning DC jails and prisons will be overrun with prisoners, prisoners you can at this point only describe as political prisoners. The Washington Post reports, ‘In recent months, law enforcement and judicial authorities have engaged in discussions to manage the huge volume of Jan. 6 cases without overwhelming the courthouse where pleas and trials are held.'”

“This is depraved and it’s malicious.”

“Now, whatever you think of Jacob Chansley or Donald Trump, if you cared about civil liberties, you would be outraged by this. This is as grave a Constitutional violation as you can have. In this country the prosecution has to, for Constitutional and moral reasons, turn over exculpatory evidence to the defense. That did not happen. This is wrong. This man is rotting in prison, his life has ended for a crime he did not commit and that he was not allowed to fairly defend himself against, but liberals didn’t care. They no longer seem to have any interest in justice or civil rights.”

“What you just saw is a measure of the total moral corruption of our news media and the institutions they serve in Washington and it’s implications for you. If they’ll endorse the unjust destruction of one man, they have no limits. They will do anything, and now with these impending arrests, they’re showing you what they will do. So, if you support the wrong presidential candidate, you get arrested and don’t get to see exculpatory evidence in your trial. Apparently, those are the rules. But if you do vote the ‘right’ way, you get paid. Democrats raise money for your bail when you commit violent crimes, they’ll even force taxpayers to give you money after the fact.”

“What’s so interesting is how you never see these very same people fantasize about locking up, say, the murderers or rapists or armed robbers or people who push elderly women in front of subway cars who are making New York City unlivable. This is a city in which the homicide rate jumped more than 50% from 2019 to 2021 because of their policies. They don’t care about that. They’re not mad at the murderers who cause shootings to increase more than 100% in that same period. They’re not mad that Alvin Bragg, their new favorite prosecutor dropped 70% of actual criminal cases since taking office so that these same criminals can continue to terrorize poor people in neighborhoods where MSNBC anchors live.”

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