 Good day mate 40 here, so you may have heard that China is the new superpower And not only is China that the new superpower It's the new frontier when it comes to Soccer like oh how exciting China's got a super league. It's the new frontier guys of soccer But you're gonna be shocked to find out that China's new soccer boom It's going bust And you're thinking like how could that be China's the new frontier? How could how could their new super league be going bust like? China's the big gorilla, right? Well, maybe maybe not so much and maybe there's something to be learned here New York Times Chinese teams once embraced ambition and overspending in a bold attempt to reshape their sport Huh, does this apply to any other parts of China now? They don't even play games, huh? So two-thirds of China right now doesn't have adequate power So they started a super league, right? We were told this was the sports new frontier Half a decade of powerful support ambitious owners sounds like cocaine Fueled super leagues in South America near of untremeled spending that lured top players with outside Salaries while it's all gone bust So companies that spent tens of millions of dollars to acquire star soccer players now cannot pay their bills and The country's top division the super league has not played a game in many months So what happens if you've got some deal in China and They're supposed to pay you millions of dollars But they're not paying so what do you do? Well, you hire a lawyer. Well China has no legal system That's above the Communist Party All right, the legal system in China is only what the Chinese Communist Party says at a certain point in time So you want to borrow money in China? You want to do business in China? You have to bribe Chinese Communist Party officials as an entrepreneur in China You have to spend most of your time bribing and sucking up to Chinese Communist Party officials so China's most successful team Guan Zhou FC right It's parent company is Evergrand heard of Evergrand Chinese real estate company that owes Billions tens of billions of dollars All right You know China's Evergrand, I mean it's just a symptom of the Chinese real estate Crash with Five trillion all right five trillion in debts in Chinese real estate game So the team agreed to part company with its coach and Italian one of the highest-paid managers in the world And all these Chinese teams are terminating long-term contracts And they're not exactly paying out because like what's the contract worth in China? It's worth Bobcats All right, because there's no legal system in China. That's above and beyond the Chinese Communist Party. So essentially Chinese Communist Party officials decide whatever the legal system is in their little section of the world So players are saying that they haven't been paid So What do they do well their lawyers face quote here's the New York Times Understatement the daunting task of navigating China's complex legal system in their effort to recover the lost income You're not China's complex legal system means that it means whatever those who are empowered in the Chinese Chinese Communist Party decided is there's no legal system in China above and beyond on top of the Chinese Communist Party So you say 40 if China doesn't have a legal system How would you expect this to become a first world company country? China's not a first world country. Most Chinese live at third world levels All right, there are all sorts of countries in Africa that have a higher per capita Income and and wealth and gross national product compared to China All right, overwhelmingly China's a third world country with a few shiny cities and a few shiny industries But on a per capita basis All right, China ranks 75th in the world, right? There are countries in Africa that per capita are richer than China All right Chinese under 18 about a third Have have IQs under 90 because of all the rampant pollution in that country So China's super league has gone up in smoke China's real estate game has gone up in smoke Most of the country doesn't have sufficient power so How's China dealing with Evergrande? All right Wall Street Journal hit strategic ambiguity is no solution for a major debt implosion strategic ambiguity. That's what we call a a Thugocracy China is a thugocracy Right, it's an oligarchy with well with one major dictator at the top And there's no legal system to which these corrupt Chinese Communist Party officials and dictators are accountable to So what's the law in China? It's whatever those in the Chinese Communist Party decide is the law at that time in that place There's no legal system above and beyond the Chinese Communist Party So you think it's bad in the United States you think it's bad that you might have to go do Racial sensitivity training You think it's bad that our university campuses are gone work Well in China you want to study engineering you have to spend a third of your time studying the thought of chairman Mao so universities colleges and and Corporations in the United States with their critical race theory and their racial sensitivity training It's nothing compared to what kind of communist indoctrination people have to undergo in China So in China out of every eight engineering graduates only one can hold down an engineering job outside of China That's how pathetic their universities are China only has two universities in the top 100 and all the students have to spend much of their time Getting indoctrinated into the awesome thinking of the late chairman Mao So in America we've got a new Constitution, right? The civil rights Constitution has imposed a new Constitution on top of our old Constitution as a result corporations are strongly incentivized to to have speech codes and to have you know racial and sexual sensitivity training All right So you have to spend two hours three hours in some stupid racial sensitivity sexual harassment sensitivity training It sucks, but it's nothing like what you have to endure in China Wait to go to college you have to endure about a third of your time studying the thought of chairman Mao So what's Beijing's grand plan to deal with the slew rolling collapse of property giant ever grand group, right? We don't know we don't have a clue Right, so the dictator Xi Jinping will step in and protect some ever grand creditors Which ones well those who are on favorable terms with the Chinese Communist Party those who are bribe Chinese Communist Party officials those officials will protect them So there's no legal system in China to unwind ever grand So ever grand is dealing with more than 300 billion in liabilities that it can't pay for And no one knows what Beijing's going to do because it's essentially just a drugocracy So Beijing has been dealing with its debt crisis for years by trying to kick the can down the road the Chinese Communist Party is telling banks not to require interest payments and There's a there's a quiet bailout going on All right, where where those are in good with Chinese Party Communist Party officials that they get a bailout they get Real estate projects handed off to their favorite developers That's a drop in the bucket compared to what our government do to bail out their favorites like GM and workers union. No, it isn't what we have done in the United States is a drop in the bucket compared to what China is Feeding and what China is doing because the Chinese Communist Party controls their banking system And so it can force the banks to extend lives only on the basis of those who are politically favored So China has a far more severe debt problem than the United States How did they build weak buildings with all those engineers? Well, most Chinese engineers are incompetent if you dealt with Chinese goods, you know that they're crap Like which which Chinese company do you most associate with quality? none All right, there's no Chinese quality company that you just immediately associate in your mind with quality so Evergrande is just the tip of the real estate bubble problem in China So it'd be it'd be nice to know what the plan is but even China doesn't know what the plan is because they don't have a functioning legal system so they're just You know trying to deal with things as they come up and They'll tell banks who to lend to and went to went to require interest payments So front-page story. Yeah, we had a nationwide housing bubble in 2008 But it's nothing compared to what China is going through So Wall Street Journal top top story how Baylor steered lower-income parents to debt they couldn't afford So what kind of person is Taking out deaths that they can't afford idiots right How much can you protect people from doing stupid things? How much should the government protect people from doing stupid things? So we require motorcyclists to wear helmets. We require drivers to wear seatbelts But how Baylor steered lower-income parents to debt they couldn't afford the Texas University Guided families into no limit parent-plus loans leaving them with onerous payments. I will never get it all paid off, right? There's no cure for stupid, right? If people want to take loans that they're never going to be able to pay off Then how much should the government try to protect people from stupid? In fact our government by and large since 1977 with the Community Reinvestment Act has forced banks to extend loans to people Who are not qualified to pay off those loans? That's the reason we had the housing crisis because the 1977 Community Reinvestment Act forced banks to maintain branches and to extend loans to people who are not Can be able to pay off those loans or are highly unlikely to pay off those loans and Republicans and Democrats both forced banks to Extend loans to groups who were not qualified for loans would be unable to pay those loans well, great news in In New Mexico a board experiment aims to take police out of the equation for mental health cause so when When people having mental health crises great news in New Mexico, they're gonna send out social workers That's got to go great, right? You got some violent, you know men Leo dude Now waving a knife around They're gonna call out social workers. I think this is gonna work great Right 911 dispatchers have an option to go beyond the police, right? You call 911. Send me a social worker right now Send me a social worker right now 911 Social workers and others in related fields. Maybe they'll send out grief counselors. It's like boy. Hey, mate I'm getting stabbed to death. I think I'm gonna croak. Okay We'll send you a grief counselor so that you can face your demise in a positive frame of mind Now grief counselor there is a racket. There's absolutely no evidence that grief counseling does any good There is evidence that it does harm, but it's a whole industry and It's now mandated like schools have something unfortunate happen companies are something unfortunate happen. It's now the grief counseling Industry is now networked itself into becoming indispensable even though it does no good So New Mexico will send out social workers and those in related fields Fielding cause pertaining to mental health substance abuse or homelessness Cause that otherwise would have been handled by an armed officer. This is gonna be great You've got the community safety department They've got their own t-shirts and they're gonna lean heavily on their de-escalation training And they're gonna emphasize that they're not there to enforce the law to make arrests Instead they fill the trunks of their Honda Accord patrol cars with enticements Designed to win the trust of the people they are seeking to help. We don't have a badge in a gum. We have water and snacks Guess what other cities are watching Isn't that wonderful? I'm pretty stoked Okay, did you hear about that this based Jew in France who's very likely to become the next French president He's like Francis Tucker Carlson. Can he retake France for the Patriots? Eric is Zemmour right-wing pundit Sephardic Jew may well run in France's presidential election set for April 2022 he's very likely to be Marine Le Pen and Mainstream conservatives so he'd be in a runoff against sitting president Emmanuel Macron in the second round So right now according to polls. He's he would win 45% of the vote going up against Macron So he could very well be Francis next president So he's a based nationalist Who wants to Yeah, but is he poor talk approved? so he wants to Protect France and retake France for the French So one journalist the France info public TV station says Eric Zemmour is not allowed to come here So he's long been a right-wing pundit in France. He works for the conservative newspaper Le Figaro He broke through on TV talk shows with his criticism of feminism and anti-racism and He's often been dragged into court by anti-racist lobby groups He was twice found guilty of inciting racial hatred So his idea defending French interests including the native French So he's a bit like Victor Orban Sometimes he explicitly mentions France's white identity he says the French are a European people of white race Greek and Latin culture and Christian religion He says that some non-whites and Muslims may become French citizens But the nation would lose her identity if these groups seems to be a small minority So pretty much no one in French media have been as explicit as Zemmour and denouncing the use of Afro Islamic immigration and claiming the problems of criminality welfare abuse and Social dysfunction are Resorting from that Whoa, the US has taken the leader of a Costa Rica two to one and World Cup qualifying I'm sure you're relieved about that So in Eric Zemmour's policies France is the be all and end all He loves the nation that gave citizenship to Jews during the French Revolution enabled his people to flourish in the glory that France was able to deliver under Napoleon Bonaparte and Charles de Gaulle So He's not a big fan of the Israel lobby regularly goes to a conservative synagogue He's not a neocon Doesn't want France to undertake endless wars against the Islamic world on behalf of Israel. He rarely mentions Israel He's criticized France's Jewish lobbying Organizations for being a state within the state. So his ancestors were Sephardic Jews in Algeria who were blessed with French citizenship Okay, so much interesting news here, but very very sad item to to conclude tonight Till the early 1970s psychiatry Regarded homosexuality as a mental illness. So I got a got a disavow. He's sad Bigoted intolerant days from the past for me Gay pride month. It's not just a month every day for me is gay pride day I I believe with perfect faith that 2022 is going to be even more gay than 2021 and 2023 is going to be even more gay than 2021 But not everyone is as enlightened as I am. So Gerard J. M. Vanden Adveg is a Dutch psychologist and psychotherapist He wrote his PhD thesis in 1967 gosh so long ago and so hateful under the title homophilia neurosis and compulsive self-pity It was the Netherlands first dissertation on homosexuality. He rejects the idea that homosexuality is a biologically innate trait He caused homosexuality Gosh, I got a disavow disavow. There's a disease of infantile self-pity. How can people be so so backward? He claims no one is born gay that there are no gay children Says homosexuality is not equal to heterosexuality. Well, that's just wrong that goes against YouTube's terms of service There is more than 50 years of therapeutic experience with clients So he published a peer-reviewed article in the Leneke Quarterly Saying the best established facts in relation to homosexuality point to developmental psychological and not genetic or physiological causation The effort of the past few decades to find evidence to support a biological theory for homosexuality have made it more doubtful than ever As such evidence will be found My contrast many studies show the most significant factor which correlates with homosexuality is gender nonconformity or same sex peer isolation and An imbalance in parental child interactions most notably the over influence of the opposite set opposite sex parent In combination with the deficient relationship with the same sex parent Well, that's what therapist Mark Smith said all the homosexuals he knew Had were overly involved with their mothers and had very distant relationships with their fathers The third well established correlation is with inherent Rather than discrimination produced neuroticism or emotional instability and immaturity gosh, so hateful So he used to be a member of the National Association for Research and Therapy of homosexuality's scientific advisory committee Wow This sounds like it's 2021 guys. I mean what I just read that sounds like something that came out of the 1960s Surely we've moved beyond this haven't we?