4.8 • 1.7K Ratings
🗓️ 26 October 2020
⏱️ 10 minutes
🧾️ Download transcript
In this video, Patrick Bet-David talks about the 4 elements of capitalism and how America is at the brink of killing capitalism with its recent handling of recent issues. What do you think?
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0:00.0 | In order for capitalism to work you need four elements. |
0:02.1 | There are four elements to capitalism for it to work. |
0:04.8 | And what America's done is America's taken one of these elements out |
0:09.7 | and it's only left three of them. |
0:11.3 | Here's what the three are. Capitalism allows you and I |
0:14.6 | the freedom to buy whatever we want to buy that's legal. So freedom to buy, freedom |
0:20.0 | to sell whatever you want that's legal, and freedom to try. You want to try real estate, |
0:25.2 | it didn't work, great, I want to go, you want to try opening up a restaurant, great, didn't work, |
0:30.2 | you want to go try this food, you want to go try this, you want to go try this you have the freedom to |
0:33.1 | try whatever you want to try that's legal right that's the freedom that you have the |
0:36.6 | last one is the most important one has been taken away and I'll get to the last |
0:41.7 | one here in a minute. Look this last week the |
0:44.0 | last four days I flew in 24 of our executives to Jekyll Island. The reason why I chose |
0:48.5 | Jekyll Island is because in I think November 10th of 1910 I think 110 years ago a group of leaders led by |
0:57.6 | Senator Aldridge got together at Jekyll Island and they started the Federal Reserve and we went in the room where |
1:04.8 | Federal Reserve got started with these six different bankers and senators and power players |
1:09.1 | that were there and they made this idea which eventually became the Federal Reserve 1913 and it turned into what it is today |
1:17.0 | They printed trillions of dollars some say is the most evil thing that's been built |
1:20.8 | Some said we needed that at a time like that because of what |
1:23.4 | happened at war. Regardless of what it is, we went to Jekyll Island. And what Jekyll Island |
1:27.9 | was known for is where Rockefeller had their own compound. William Rockefeller, we took our guys, we got a private tour of the Rockefeller compound. |
1:36.9 | J.P. Morgan Chase, matter of fact, Alexander Graham Bill made the first phone call to anybody |
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