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Summary
Transcript
Jasmine Crockett. Now, Jasmine Crockett, for those of you that may not be familiar with her, is a part of the AKA’s. Now, that’s not an indictment on AKA’s in particular, but it matters in this situation because of Kamala Harris. Now, Jasmine Crockett was one of the biggest advocates for Kamala Harris, and she was standing by her side and they vowed to get her elected. Why? Well, you can point to a number of things. Maybe because they said that Kamala Harris was a black woman, although Candace Owens would probably debate that, or you could say because they were a part of the same organization and being AKA’s, or you can say just because she was a woman.
Either way, identity politics played a huge role in the support from Jasmine Crockett, which I believe personally, and this is just my own personal thoughts, I tend to believe personally is discriminatory because their preference is based off of things that doesn’t make you best for the job, is based off of their affiliation and their bias against other people and for those that look like them or those that are a part of the organization that they serve. Now, let’s not get it confused. I am not against networking. I absolutely believe that you should give preference based off of networking, and so the organization matters, but when it comes to public service, that’s a completely different thing, right? If that was applicable when it comes to private business or your own personal business or whatever, cool.
However you want to market yourself, however you deal with it, that’s just what it is. But when it comes to public service and servants, we have to remove our bias, right? And we have to make sure that we execute on the orders of the people. Remember, these people are not your boss. When we talk about the president of the United States of America, when we talk about Congress, when we talk about the House, when we talk about local mayors, governors, all of these people are in nominated positions because you vote for them, and you pay for their salary.
So that would mean that we’re their boss. So if I’m Jasmine Crockett’s boss, or even let’s just go all the way up into the president of the United States of America and Congress in general, you would have to say that based off of how people vote, that’s what we want them to execute on. So they need to surround themselves with people that more closely align with the thing that the people want. If I want and I voted for a guy based off of immigration, then I would expect for him to hire Tom Homan.
If I want and I, you know, want the federal government to not tax us and to be more efficient with the way that they spend their money, then I’m absolutely in support of Vivek Ramaswamy and Elon Musk heading up the Department of Government Efficiency. But in the case of Jasmine Crockett, let’s bring it back because again, this is leapfrogging off of the idea that she’s proposing or advocating against the idea that black people and black women in particular are being oppressed, even though she is elected to one of the highest offices in the land and probably is going to be a lifetime member of that, even though I think that the Congress and several other branches need term limits, she’s still preaching about black people being oppressed and specifically targeting white men as a result of it.
Well, let’s hear what she has to say. Okay, Ms. Crockett. So many of you know that I practice law, but some of you don’t realize that I actually was a business major at a Rhodes College in Memphis, Tennessee. And the emphasis that I got in my business degree was on finance. And as I traveled the country campaigning this election cycle, one of the things that I talked about was this idea that in finance, we always promote this idea of diversity. If you know anything about a portfolio, the one thing that you want to do is make sure that it’s as diverse as possible, because at times, certain stocks will perform better than others.
And they will exemplify various strengths and weaknesses. And together, a diverse portfolio is usually what any good finance person would promote, they wouldn’t. Now, her goal in this conversation, because again, I want to deep dive a little bit deeper on a Millionaire Morning Show, we always bring it back down to the money, that’s why it’s called the Millionaire Morning Show, even when it comes to politics, even when it comes to business, even when it comes to crime, where is the money talk in this? Well, Jasmine Crockett is setting the foundation, she’s using her college education, her high school education, her middle school education, to execute on a few principles.
And the one thing that she’s doing is she’s putting together her thesis, her thesis, and her hypothesis. And the foundation of her argument is based off of the idea that she is a or she study finance. I said, okay, well, let’s, yeah, this is right up my alley, we’re going right down the right path, right? She study finance, she says, look, the best finance managers or anybody that’s in this industry will tell you that you have to have a diverse portfolio in order to be successful. You have to have a diverse portfolio in order to be successful.
Okay, Anthony D, let’s talk about it. Anton, I’m new to the channel for the most part, and I’m gonna get into Jasmine Crockett, I’m new to the channel for the most part. I’m no bleeding liberal, but don’t you, but you don’t think black people on a whole aren’t disadvantaged? No. Absolutely not. No. Tell me, help me to understand how black people today are disadvantaged. You may be disadvantaged from your cultural norms. You may be disadvantaged for your, your own personal choices. I see the fact that y’all keep voting blue inside of y’all own cities and y’all advocated for defunding the police.
And so you have to live in an environment where you’re not protected because you voted for it. You keep voting people in the office that’s not in your best interest. You keep leaning on diversity, equity, and inclusion. I see the fact that y’all keep picking degrees and fields as based off of liberal arts and communication and African-American studies instead of going into STEM fields. If you’re disadvantaged in 2024, going into 2025 is because your mama put you in that position. So you should either hold her accountable or it’s because of your own personal choices.
You’re no more disadvantaged than anybody else. You’re no more, whenever you can say we’ve had a black president, we have black billionaires, we have black congress members, we have black house members. I am sitting here in this, in this penthouse overlooking the city, staring down at white people that are building the hotel next to me. I sit at the best seats. I deal with the best people. I can go anywhere I want to go. I can fly where I want to fly. And there’s nobody that’s limiting, limiting me from working as much as I want to work.
If you’re want to sit here and tell me that I’m disadvantaged, I am from inner city, Detroit, and I’ve been able to become what I become. I don’t want y’all feeling offended because I’m, I’m not due. I’ve been able to do what I want to do as a result of my own hard work. And you’re telling me that we’re disadvantaged in one generation and less than a half a generation. I’ve been able to change the trajectory of my family. And you’re telling me that we’re disadvantaged. Interesting. We look, look, this is why you disadvantaged ago.
We is at, we is, we’s is, boss. We’s is at a disadvantage. You not at the bottom with us. You, you mother effing right. I’m not going to be at the bottom with you. I’m going to be right here at the top staring down in my penthouse, trying to figure out how I can make my next million dollars and bring my bag chasers with me. Use disadvantage the goat because use stills reason as a third grade to level. All of the libraries is free. Every single library. I have not seen a price of admission to get into the library.
I have not seen anybody. What is the last book that you’ve read? And don’t go Googling one. We is not disadvantaged because you have an opportunity to do whatever you want to do when you want to do it. You didn’t go to the library. You went over there and played Xbox. Ain’t no we’s is. I’m not going to be right there with you. Absolutely not, because the goal was to get out of the hood. The goal wasn’t to stay there and then wallow in there with you before you sit here and tell me about how disadvantaged you are.
I’m going to need you to go ahead and get a book and learn how to speak proper English. Now back to what I was saying. She’s sitting there trying to justify and set the precedent by saying that any finance manager would tell you that you need to have a diversified portfolio. And that is a lie because diversification needs context. You could diversify how you invest your money. But as far as your portfolio itself, if you study the rules of Warren Buffett, who is the most famed investor in Charlie Munger, some of the most famed investors of all time, what they will tell you is if you find a good two or three companies, even if it’s just dedicated in a specific industry, why would you take money out of something that is performing well that you truly understand and put it into something just to say that you’re diversified.
Diversification and protection does not help you get rich. What it does is it prevents you from actually making progress if you really do want to get rich. Why would I take money out of Microsoft over the last 20 to 30 years and it’s been the most transformational and made more millionaires than everyone. If you look at most people to get rich, they get rich off of one thing. If you look at most people that get rich, they get rich off of one thing. They have an expertise and then to make sure that they’ve protected themselves, then they make sure that they take advantage of the tax breaks in other industries.
I’ll give you an example. You can generate a lot of revenue off of being whatever it is that you’re great at, basketball player, content creator, maybe you started a business, so on and so forth. What you do is you start to leverage the tax code. I may then take a lot of my profits and put it into real estate because I understand that there’s tax benefits that come with real estate and my ability to be able to pass it on to my daughter based off of some of the losses in my state would make it conducive for me to put money into that and then to reduce what I would give to the federal government legally in taxes.
I’m going to go into this industry and then I’m going to take profits out of that industry because I see the changing at a time, not necessarily because I’m trying to diversify. Diversification is largely misunderstood because people don’t understand the context. It’s easy for somebody that says, well, I took finance. Well, tell me how many businesses that you built. Tell me and help me to understand exactly how the tax code works for you. Tell me how that helps you when it comes to hiring people. Help me to understand exactly what that means when it comes to realize and unrealized gains.
How should I pivot and how should I leverage my portfolio in order to draw from it so that I can then make more purchases and y’all trying to close these loopholes that allow for me to be able to pass all my wealth to my children. The premise that she’s using is flawed because it doesn’t apply to this circumstance and you can’t then justify diversification as a way for you to continue to be successful and then use that when it comes to people that can’t control how it is that they were born. So her premise, her thesis, her hypothesis, her proposed ideals and her ideologies are flawed because she does not understand.
You can go to school as much as you can, as much as you want to, but if you don’t know how to apply these same principles and you don’t know how it works in the real world, then you really can’t use that as a justification for how you’re going to advocate for diversity, equity and inclusion. Diversity when it comes to your portfolio is much different when it comes to diversity, when it comes, you know, when people are coming into an organization. I don’t want to hire you just because you look different.
I want to hire you because you’re the best person for the job. The same way that I don’t want to put you into my portfolio just because you are a different company, I want to put you in my portfolio because you’re going to perform the best. Even if you’re going to diversify in your portfolio, you want to have the best companies, not just have a bunch of different stuff just for the sake of having different things. That’s how you lose a whole lot of money, but let’s see her make her pitch based off of this flawed thesis and hypothesis.
And remember, remember that this is a person that y’all voted in the office. This is who you voted into represent you. You voted this woman in to represent you, meaning that she is a reflection of the people that voted for you. Promote that you solely invest in vanilla wafers believing that that is going to be the strongest portfolio, but instead they may want to add some chocolate cake and some Twinkies into the mix to make sure that we have the best portfolio because there will be different preferences by different people.
And again, there will be different strengths. But as I sit here and I think about what we say and what I’m hearing as it relates to diversity, when it comes to anything outside of making money. And to be clear, we are losing GDP every time we try to push back on this idea of diversity because all of us bring something different to the table. But you consistently said over and over the word oppression and every time that you said it, it was almost as if I was hearing nails on a chalkboard because it seems like you don’t understand the definition of oppression.
And I’d asked you to just refer to Google to help you out. Oppression is the prolonged, cruel or unjust treatment or control. That is the definition of oppression. And so as I sit here as a black woman who practiced civil rights, let me tell you the reason that my colleagues wanted to make sure you understood the same black history that your side of the aisle wants to delete out of classrooms is because you can then misuse words like oppression. There has been no oppression for the white man in this country. I want y’all to remember what she’s saying.
And the reason that I pause it in certain places is because I want that to sink in. This is not a speech for anybody. It’s a speech against white people. This is not a speech for anybody. This is a speech against white people. I just want y’all to take it in for a minute. You tell me which white men were dragged out of their homes. You tell me which one of them got dragged all the way across an ocean and told that you were going to go at work. We are going to steal your wives.
We are going to rape your wives. That didn’t happen. That is oppression. We didn’t ask to be here. I wonder if we ever going to go and ask for reparations from the Africans that captured you and sold you over here in the first place. I wonder if they ever going to do that. Do we ever go and hold people accountable that actually sold you to be a part of the transatlantic slave trade? I’m always wondering about that. Anyways, let’s continue. Be not the same migrants that y’all constantly come up against. We didn’t run away from home.
We were stolen. So yeah, we are going to stay here and be offended when you want to sit here and act like and don’t let it escape you. That it is white men on this side of the aisle telling us people of color on this side of the aisle that y’all are the ones being oppressed, that y’all are the ones that are being harmed. That’s not the definition of oppression. You tell me the prolonged cruel or unjust treatment that you’ve had and we can have a conversation. You could start with Exodus. This is what I’m wondering as we explore this y’all.
This is what I’m wondering. At what point do we let go? Because I don’t know anybody personally. I’ve met a lot of people. I’ve met literally tens of thousands of people in my lifetime. Done shows, coaching sessions, kicked it with people, running to people on a regular basis. This is what I’m trying to figure out. And I do know that there were black people that owned slaves also, but that’s a completely different conversation. We don’t want to get into a history lesson. Yes, there were black people. Some of the first slave owners in this place were black people.
But like I said, this is what I’m wondering. In 2024, not 1865, not 1758, not 1636, in 2024, at what point, because again, I don’t know anybody, anybody, not one person. In 2024, going into 2025, that was in slavery, that picked cotton, that was sold to somebody else. What year? Give me a year that we no longer going to sit here and run in the victim Olympics. Just give me a year. Just give me a year. Give me one year. Give me a time frame that we’re going to sit here and say, you know what? So we’re going to get all of our anger out and this generation and the next generation.
Is it 21-24? Is it 21-24? 20-45? What year? The year 3000? The year after Jesus returns, 2200? At what point will y’all say, all right, you know what? I don’t have no more excuses to actually go to school, do my work, stop smoking weed, don’t open my legs up and getting pregnant and then advocate for the deletion of baby so that we can use it as a form of contraception. 3184? I don’t think that anybody over here will ever stop running in the victim Olympics. Another 100 years? I don’t think so.
Look, I think that in 2200, you’re going to still be seeing the Jasmine Crockett of Ben, except that she’s going to name herself Hasman instead of Jasmine. They’re still going to be talking about how they’re victims and how they’re oppressed. They’re still going to be talking about how they victims and how they oppress. Everybody going to be in slept with everybody. Everybody is going to be months. Everybody’s going to look the same. BBL’s is going to be crazy. All of that type of stuff, right? And everybody is still going to sit here and talk about how they’re oppressed.
Every single person. I don’t think that I will say on this particular issue, two things. There is an article from the Guardian and it is a little old. It’s from 2021. So I apologize, but it said that back then, just three years ago, white men represent 30% of the population, but 62% of office holders. These are the issues that we are constantly looking at and recognizing and trying to say, is this just, I can’t even tell you how many white men have served in this chamber, but I can tell you that I am only the 55th black woman to be elected to Congress.
And so when you should only be 54, at least I want to talk about history and pretend as if it was so long ago, it wasn’t because again, I am just number 55. Finally, when we started to talk about what do these numbers do as we’re trying to say the diversity, equity and inclusion is the problem. The reality is that when it comes to financial performance, companies with more diverse workforces are more likely to outperform their competitors. Companies in the top quartile for racial diversity are 35% more likely to outperform their peers on profitability.
Companies with diverse executive teams are 25% more likely to generate greater profits. Diverse companies earn 2.5 times higher cash flow per employee. Diversity works. And until you can show me data that says otherwise, I think that we need to go back to being a country that listens to experts and gets out of our feelings and recognizes again that racism is real in this country. And until we start and it starts with you, it starts with you. I cannot tell you how many times that I hear people on a regular basis sit here and claim racism and are some of the most privileged people that I’ve ever seen in my entire life.
Sunny Holston is one of them. Don’t worry about it. We’ll get to her shortly. [tr:trw].