Sympathy for the Devil? Trouble in Paradise for the Bankers

May 19, 2017

Peak Prosperity

Editor's Note: The following is a guest post from PeakProsperity.com.

In our recent report, Banks Are Evil, we pulled no punches in making the accusation that the financial system is the root cause of injustice in today's society.

It's a good blood-boiler. You should read it if you haven't already.

Its main premise is this:

In my opinion, it's long past time we be brutally honest about the banks. Their influence and reach has metastasized to the point where we now live under a captive system. From our retirement accounts, to our homes, to the laws we live under --- the banks control it all. And they run the system for their benefit, not ours.
While the banks spent much of the past century consolidating their power, the repeal of the Glass-Steagall Act in 1999 emboldened them to accelerate their efforts. Since then, the key trends in the financial industry have been to dismantle regulation and defang those responsible for enforcing it, to manipulate market prices (an ambition tremendously helped by the rise of high-frequency trading algorithms), and to push downside risk onto "muppets" and taxpayers.
Oh, and of course, this hasn't hurt either: having the ability to print up trillions in thin-air money and then get first-at-the-trough access to it. Don't forget, the Federal Reserve is made up of and run by --- drum roll, please --- the banks.
With their first-in-line access to this money tsunami, as well as their stranglehold on the financial system that it all runs through, the banks are like a parasite feasting from a gusher on the mother-lode artery.
It should come as little surprise that, with all this advantage they've amassed, the banks have enriched themselves and their cronies spectacularly. They have made themselves too big to fail, and too big to jail. Remember that their reckless greed caused the 2008 financial crisis, and yet, in 2009, not only did bankers avoid criminal prosecutions, not only did the banks receive hundreds of billions in government bailouts, but they paid themselves record bonuses?
And the bonanza continues unabated today. By being able to borrow capital for essentially free today from the Fed, the banks simply lever that money up and buy Treasurys. Voila! Risk-free profits. That giveaway has been going on for years.
Couple that with the banks' ability to push market prices around using their wide arsenal of unfair tactics -- frontrunning, HFT spoofing and quote stuffing, stop-running, insider knowledge, collusion, etc -- the list is long. James Howard Kunstler is dead on: we don't have a free market anymore. Instead, we have rackets, run by racketeers. The rest of us are simply suckers to be fleeced.

But all is not roses if you're a banker these days. Even within the evil machine, there is great disparity in how the plunder is being divided.

Bad Times For Bankers?

A guy I've known since childhood works on the 'sell side' (investment/commercial banking, stock brokers, market makers) and has been telling me how cutthroat things have become over the past few years. The pay structure and job security have deteriorated notably. And he says the same is true for many of his colleagues on the 'buy side' (hedge funds, asset managers, institutional investors), too.

Really?

Even with enjoying the "unabated bonanza" described above, even with the markets back partying at all time highs, things are getting worse for many bankers?

Yes.

And while I personally can't conjure any sense of empathy for these poor devils, it looks like things are going to get even harder for them.

So what's going on here?

Well, it's mostly a story of the banking system's plundering ways coming back to bite it.

Capital Is Fleeing From Active To Passive Funds

First off, by flooding world markets with over $12 Trillion since the Great Recession, the central banks have pretty much destroyed "alpha".

Alpha is the "excess return" that fund managers' fees are based on -- i.e., "you're paying more for a smart guy like me to 'beat the market'". But when a tsunami of liquidity rises all boats at once, it's that money flood (i.e. the central bank money printing) that drives valuations. And its influence is so much larger than any other factor that it's really the only factor that matters. Great and crappy companies alike rise in price -- the "fundamentals" that fund managers use in their analysis become useless.

Which is why 66% of large-cap active managers failed to top the S&P 500 in 2016, and why 90% missed their benchmarks over the past 15-year period.

So it's no wonder that investment capital is fleeing from actively-managed funds to passively-managed ones. If the passive funds have much lower fees AND they perform better than the actively managed ones, why the heck shouldn't money flow into them?

Per CNBC:

A buoyant start to the stock market in 2017 couldn't stop investors from ditching actively managed funds.
The trickle away from stock pickers and toward indexes has turned into a flood, with more than half a trillion dollars heading into passive funds over the past 12 months, according to Morningstar.
Active management in total saw $13.6 billion in outflows for January, mitigated only by net inflows to bond funds, Morningstar said. U.S. equity saw $20.8 billion in outflows, bringing passive management closer to parity when it comes to domestic stock funds.
By contrast, passive management saw just shy of $77 billion in inflows. U.S. equity funds, which track broad indexes like the S&P 500 and its sectors and subsectors, pulled in $30.6 billion for the month.
Overall, actively managed U.S. equity funds now hold $3.6 trillion in assets while their passive counterparts hold nearly $3.1 trillion. All classes of passive funds have seen inflows of $563 billion over the past year, while active funds have suffered $325.6 billion in outflows.
"The massive exodus from actively managed U.S.-equity funds continued in January," Alina Lamy, Morningstar's senior analyst for quantitative research, said in a statement. "The tidal wave is showing no signs of stopping, threatening all but a select few and making active investing a dangerous ocean to swim in."

The result of this is tremendous mounting pressure for active managers to reduce their fees. Lower fees being charged on shrunken fund pools obviously affords fewer asset managers, who in many cases are now working for less compensation.

Keep in mind, between just the ECB and the DOJ, nearly $200 Billion of additional liquidity has been -- and continues to be -- injected into world markets each month(!). So, as the above article says, don't expect the tidal wave of capital fleeing actively-managed funds to stop while the central banks' liquidity spigots are still flowing.

The White-Collar Cost Of Automation

Finance was one of the first industries to embrace the automation boom, given the obscene profits that could be made. In his book Flash Boys, Michael Lewis described how the arms race of high frequency algorithms literally changed the game in terms of how financial instruments are traded -- and made $billions upon $billions of unfair profits for the big banks that invested in the technology.

Well, many of the bankers who cheered the boost the machines gave to their annual bonuses aren't cheering so much now. You know what algo-driven markets don't need? Human traders.

Below is photo of the UBS trading floor from 8 years ago, contrasted with one from this year (source: Zero Hedge):

8 Years Ago

Now

Per the Wall Street Journal:

Technology is replacing people on trading floors and in the middle and back offices where trades are checked, confirmed and settled. Some of this is to give investors an edge in markets with computer-driven tools such as algorithmic and high-frequency trading.
But technology also means more work can be moved offshore or to cheaper locations. More reliable internet links with India, for example, mean people can work together on the same documents or files in real time.
The total number of people employed by all kinds of banking in the U.K. has fallen 22% from its precrisis peak in 2008, or by about 120,000 jobs, according to data from Britain’s statistics office.

Here's another stark example:

Goldman Had 600 Cash Equity Traders In 2000; It Now Has 2
For the dramatic impact of technology, and specifically trade automation from algo, quant and robotic trading on today's capital markets, look no further than Goldman's cash equities trading floor at the firm's headquarters which, according to the MIT Tech Review, employed 600 traders its height back in 2000, buying and selling stocks for Goldman's institutional client clients. Today there are just two equity traders left.

As warned of in our earlier article Automating Ourselves To Unemployment, jobs lost to automation don't come back. More than that, the technology itself lowers the cost structure, ultimately lowering industry profits as other competitors invest in similar tech and the margins are competed down:

Structural changes to the equities business over the last several years, such as the rise of electronic trading, have knocked off around $15 billion from the equities fee pool, according to a report from Morgan Stanley and management consulting firm Oliver Wyman.

Electronic trading has dramatically increased trading volumes, while making the cost of trading much cheaper.

Oliver Wyman partner Christian Edelmann, who co-authored the report, does not see those revenues coming back. "Once the equities model has become technology driven, that's not going to change," he said.

A Cultural Shift To Cost-Cutting

And the jobs cuts aren't just related to technology. As profit margins are squeezed, players in the financial industry are looking for any and all reasons to cut costs.

A current victim of this trend is equity research. For decades, sell side firms like the investment banks offered their clients "expert analysis" from their research departments. Historically, that was bundled into the bank's overall fee it charged its clients.

But now, increasingly cost-conscious clients are demanding to know how much that research is costing them. Especially since almost all of that research doesn't even get read. A recent Reuters article showed that of the 40,000 research reports produced every week by the world's top 15 global investment banks, less than 1 percent are actually read by investors.

It's long been a poorly-kept secret that the research departments were a dependable vehicle for investment banks to bilk their clients for unnecessary profit. Now it looks like that ruse is over. And billions in revenue per year along with it:

Banks have already been trimming their research budgets. Spending on research at the top investment banks fell by just over half to $4 billion in 2016 from $8.2 billion in 2008, according to Frost Consulting.

An industry long known for its "Wolf of Wall Street" culture of excess is now counting its pennies. That's a very significant perception shift.

A Sign Of The End

What's important about all this is not sympathy for the poor bankers who have to accept lower wages or a pink slip. Consciously or unwittingly, they've been foot soldiers for a cabal that's done the greatest evil towards global human rights and prosperity over the past century. Personally, I'll happily take a front row seat, open up a bag of popcorn, and delight in the schadenfreude of watching that industry collapse on itself.

What is important is what all this tells us about where we are in this story. We are now getting close to the end.

For decades and decades, more and more sharks found their way into the financial industry. And for decades and decades, there was plenty of prey for them all to feast and fatten on.

But now we're at the point where there's much less to prey on. So the biggest sharks are now turning on the smaller ones. Those at the top of the industry are trying to preserve their share of the pie -- and if they have to do so by cannibalizing those below them on the org chart, so be it.

It has now become a shark vs shark world.

That's important.

This is happening, mind you, at a time when the banks are in their 8th straight year of enjoying practically-free money from the world's central banks, which is essentially a great wealth transfer from the public's coffers. And at a time when financial assets have been re-inflated to all-time highs.

If things have reached this cutthroat a state when Wall Street is booming, imagine how much more gruesome this "eating their young" dynamic can/will become during a market downturn.

We're at the point where those at the apex of power are becoming increasingly desperate to maintain their unfair advantage. And as the economic pie refuses to grow due to the twin overload of too much debt and declining net energy, these apex predators will turn on each other -- first to maintain their spoils, and then simply to survive.

Things will get nasty in a hurry during that stage, as we warned about in our recent report: Positioning Yourself For The Crash.

While you still can, you want to make sure the bulk of your investment capital is positioned for safety, and you want to make your lifestyle as resilient as possible so that, no matter what jarring developments the future may bring, you and the ones you love are least impacted by them.

Shocking shift: America’s youth lured by the “Socialism trap”

Jeremy Weine / Stringer | Getty Images

A generation that’s lost faith in capitalism is turning to the oldest lie on earth: equality through control.

Something is breaking in America’s young people. You can feel it in every headline, every grocery bill, every young voice quietly asking if the American dream still means anything at all.

For many, the promise of America — work hard, build something that lasts, and give the next generation a better start — feels like it no longer exists. Home ownership and stability have become luxuries for a fortunate few.

Capitalism is not a perfect system. It is flawed because people are flawed, but it remains the only system that rewards creativity and effort rather than punishing them.

In that vacuum of hope, a new promise has begun to rise — one that sounds compassionate, equal, and fair. The promise of socialism.

The appeal of a broken dream

When the American dream becomes a checklist of things few can afford — a home, a car, two children, even a little peace — disappointment quickly turns to resentment. The average first-time homebuyer is now 40 years old. Debt lasts longer than marriages. The cost of living rises faster than opportunity.

For a generation that has never seen the system truly work, capitalism feels like a rigged game built to protect those already at the top.

That is where socialism finds its audience. It presents itself as fairness for the forgotten and justice for the disillusioned. It speaks softly at first, offering equality, compassion, and control disguised as care.

We are seeing that illusion play out now in New York City, where Zohran Mamdani — an open socialist — has won a major political victory. The same ideology that once hid behind euphemisms now campaigns openly throughout America’s once-great cities. And for many who feel left behind, it sounds like salvation.

But what socialism calls fairness is submission dressed as virtue. What it calls order is obedience. Once the system begins to replace personal responsibility with collective dependence, the erosion of liberty is only a matter of time.

The bridge that never ends

Socialism is not a destination; it is a bridge. Karl Marx described it as the necessary transition to communism — the scaffolding that builds the total state. Under socialism, people are taught to obey. Under communism, they forget that any other options exist.

History tells the story clearly. Russia, China, Cambodia, Cuba — each promised equality and delivered misery. One hundred million lives were lost, not because socialism failed, but because it succeeded at what it was designed to do: make the state supreme and the individual expendable.

Today’s advocates insist their version will be different — democratic, modern, and kind. They often cite Sweden as an example, but Sweden’s prosperity was never born of socialism. It grew out of capitalism, self-reliance, and a shared moral culture. Now that system is cracking under the weight of bureaucracy and division.

ANGELA WEISS / Contributor | Getty Images

The real issue is not economic but moral. Socialism begins with a lie about human nature — that people exist for the collective and that the collective knows better than the individual.

This lie is contrary to the truths on which America was founded — that rights come not from government’s authority, but from God’s. Once government replaces that authority, compassion becomes control, and freedom becomes permission.

What young America deserves

Young Americans have many reasons to be frustrated. They were told to study, work hard, and follow the rules — and many did, only to find the goalposts moved again and again. But tearing down the entire house does not make it fairer; it only leaves everyone standing in the rubble.

Capitalism is not a perfect system. It is flawed because people are flawed, but it remains the only system that rewards creativity and effort rather than punishing them. The answer is not revolution but renewal — moral, cultural, and spiritual.

It means restoring honesty to markets, integrity to government, and faith to the heart of our nation. A people who forsake God will always turn to government for salvation, and that road always ends in dependency and decay.

Freedom demands something of us. It requires faith, discipline, and courage. It expects citizens to govern themselves before others govern them. That is the truth this generation deserves to hear again — that liberty is not a gift from the state but a calling from God.

Socialism always begins with promises and ends with permission. It tells you what to drive, what to say, what to believe, all in the name of fairness. But real fairness is not everyone sharing the same chains — it is everyone having the same chance.

The American dream was never about guarantees. It was about the right to try, to fail, and try again. That freedom built the most prosperous nation in history, and it can do so again if we remember that liberty is not a handout but a duty.

Socialism does not offer salvation. It requires subservience.

This article originally appeared on TheBlaze.com.

Rage isn’t conservatism — THIS is what true patriots stand for

Gary Hershorn / Contributor | Getty Images

Conservatism is not about rage or nostalgia. It’s about moral clarity, national renewal, and guarding the principles that built America’s freedom.

Our movement is at a crossroads, and the question before us is simple: What does it mean to be a conservative in America today?

For years, we have been told what we are against — against the left, against wokeism, against decline. But opposition alone does not define a movement, and it certainly does not define a moral vision.

We are not here to cling to the past or wallow in grievance. We are not the movement of rage. We are the movement of reason and hope.

The media, as usual, are eager to supply their own answer. The New York Times recently suggested that Nick Fuentes represents the “future” of conservatism. That’s nonsense — a distortion of both truth and tradition. Fuentes and those like him do not represent American conservatism. They represent its counterfeit.

Real conservatism is not rage. It is reverence. It does not treat the past as a museum, but as a teacher. America’s founders asked us to preserve their principles and improve upon their practice. That means understanding what we are conserving — a living covenant, not a relic.

Conservatism as stewardship

In 2025, conservatism means stewardship — of a nation, a culture, and a moral inheritance too precious to abandon. To conserve is not to freeze history. It is to stand guard over what is essential. We are custodians of an experiment in liberty that rests on the belief that rights come not from kings or Congress, but from the Creator.

That belief built this country. It will be what saves it. The Constitution is a covenant between generations. Conservatism is the duty to keep that covenant alive — to preserve what works, correct what fails, and pass on both wisdom and freedom to those who come next.

Economics, culture, and morality are inseparable. Debt is not only fiscal; it is moral. Spending what belongs to the unborn is theft. Dependence is not compassion; it is weakness parading as virtue. A society that trades responsibility for comfort teaches citizens how to live as slaves.

Freedom without virtue is not freedom; it is chaos. A culture that mocks faith cannot defend liberty, and a nation that rejects truth cannot sustain justice. Conservatism must again become the moral compass of a disoriented people, reminding America that liberty survives only when anchored to virtue.

Rebuilding what is broken

We cannot define ourselves by what we oppose. We must build families, communities, and institutions that endure. Government is broken because education is broken, and education is broken because we abandoned the formation of the mind and the soul. The work ahead is competence, not cynicism.

Conservatives should embrace innovation and technology while rejecting the chaos of Silicon Valley. Progress must not come at the expense of principle. Technology must strengthen people, not replace them. Artificial intelligence should remain a servant, never a master. The true strength of a nation is not measured by data or bureaucracy, but by the quiet webs of family, faith, and service that hold communities together. When Washington falters — and it will — those neighborhoods must stand.

Eric Lee / Stringer | Getty Images

This is the real work of conservatism: to conserve what is good and true and to reform what has decayed. It is not about slogans; it is about stewardship — the patient labor of building a civilization that remembers what it stands for.

A creed for the rising generation

We are not here to cling to the past or wallow in grievance. We are not the movement of rage. We are the movement of reason and hope.

For the rising generation, conservatism cannot be nostalgia. It must be more than a memory of 9/11 or admiration for a Reagan era they never lived through. Many young Americans did not experience those moments — and they should not have to in order to grasp the lessons they taught and the truths they embodied. The next chapter is not about preserving relics but renewing purpose. It must speak to conviction, not cynicism; to moral clarity, not despair.

Young people are searching for meaning in a culture that mocks truth and empties life of purpose. Conservatism should be the moral compass that reminds them freedom is responsibility and that faith, family, and moral courage remain the surest rebellions against hopelessness.

To be a conservative in 2025 is to defend the enduring principles of American liberty while stewarding the culture, the economy, and the spirit of a free people. It is to stand for truth when truth is unfashionable and to guard moral order when the world celebrates chaos.

We are not merely holding the torch. We are relighting it.

This article originally appeared on TheBlaze.com.

Glenn Beck: Here's what's WRONG with conservatism today

Getty Images / Handout | Getty Images

What does it mean to be a conservative in 2025? Glenn offers guidance on what conservatives need to do to ensure the conservative movement doesn't fade into oblivion. We have to get back to PRINCIPLES, not policies.

To be a conservative in 2025 means to STAND

for Stewardship, protecting the wisdom of our Founders;
for Truth, defending objective reality in an age of illusion;
for Accountability, living within our means as individuals and as a nation;
for Neighborhood, rebuilding family, faith, and local community;
and for Duty, carrying freedom forward to the next generation.

A conservative doesn’t cling to the past — he stands guard over the principles that make the future possible.

Transcript

Below is a rush transcript that may contain errors

GLENN: You know, I'm so tired of being against everything. Saying what we're not.

It's time that we start saying what we are. And it's hard, because we're changing. It's different to be a conservative, today, than it was, you know, years ago.

And part of that is just coming from hard knocks. School of hard knocks. We've learned a lot of lessons on things we thought we were for. No, no, no.

But conservatives. To be a conservative, it shouldn't be about policies. It's really about principles. And that's why we've lost our way. Because we've lost our principles. And it's easy. Because the world got easy. And now the world is changing so rapidly. The boundaries between truth and illusion are blurred second by second. Machines now think. Currencies falter. Families fractured. And nations, all over the world, have forgotten who they are.

So what does it mean to be a conservative now, in 2025, '26. For a lot of people, it means opposing the left. That's -- that's a reaction. That's not renewal.

That's a reaction. It can't mean also worshiping the past, as if the past were perfect. The founders never asked for that.

They asked that we would preserve the principles and perfect their practice. They knew it was imperfect. To make a more perfect nation.

Is what we're supposed to be doing.

2025, '26 being a conservative has to mean stewardship.

The stewardship of a nation, of a civilization.

Of a moral inheritance. That is too precious to abandon.

What does it mean to conserve? To conserve something doesn't mean to stand still.

It means to stand guard. It means to defend what the Founders designed. The separation of powers. The rule of law.

The belief that our rights come not from kings or from Congress, but from the creator himself.
This is a system that was not built for ease. It was built for endurance, and it will endure if we only teach it again!

The problem is, we only teach it like it's a museum piece. You know, it's not a museum piece. It's not an old dusty document. It's a living covenant between the dead, the living and the unborn.

So this chapter of -- of conservatism. Must confront reality. Economic reality.

Global reality.

And moral reality.

It's not enough just to be against something. Or chant tax cuts or free markets.

We have to ask -- we have to start with simple questions like freedom, yes. But freedom for what?

Freedom for economic sovereignty. Your right to produce and to innovate. To build without asking Beijing's permission. That's a moral issue now.

Another moral issue: Debt! It's -- it's generational theft. We're spending money from generations we won't even meet.

And dependence. Another moral issue. It's a national weakness.

People cannot stand up for themselves. They can't make it themselves. And we're encouraging them to sit down, shut up, and don't think.

And the conservative who can't connect with fiscal prudence, and connect fiscal prudence to moral duty, you're not a conservative at all.

Being a conservative today, means you have to rebuild an economy that serves liberty, not one that serves -- survives by debt, and then there's the soul of the nation.

We are living through a time period. An age of dislocation. Where our families are fractured.

Our faith is almost gone.

Meaning is evaporating so fast. Nobody knows what meaning of life is. That's why everybody is killing themselves. They have no meaning in life. And why they don't have any meaning, is truth itself is mocked and blurred and replaced by nothing, but lies and noise.

If you want to be a conservative, then you have to be to become the moral compass that reminds a lost people, liberty cannot survive without virtue.

That freedom untethered from moral order is nothing, but chaos!

And that no app, no algorithm, no ideology is ever going to fill the void, where meaning used to live!

To be a conservative, moving forward, we cannot just be about policies.

We have to defend the sacred, the unseen, the moral architecture, that gives people an identity. So how do you do that? Well, we have to rebuild competence. We have to restore institutions that actually work. Just in the last hour, this monologue on what we're facing now, because we can't open the government.

Why can't we open the government?

Because government is broken. Why does nobody care? Because education is broken.

We have to reclaim education, not as propaganda, but as the formation of the mind and the soul. Conservatives have to champion innovation.

Not to imitate Silicon Valley's chaos, but to harness technology in defense of human dignity. Don't be afraid of AI.

Know what it is. Know it's a tool. It's a tool to strengthen people. As long as you always remember it's a tool. Otherwise, you will lose your humanity to it!

That's a conservative principle. To be a conservative, we have to restore local strength. Our families are the basic building blocks, our schools, our churches, and our charities. Not some big, distant NGO that was started by the Tides Foundation, but actual local charities, where you see people working. A web of voluntary institutions that held us together at one point. Because when Washington fails, and it will, it already has, the neighborhood has to stand.

Charlie Kirk was doing one thing that people on our side were not doing. Speaking to the young.

But not in nostalgia.

Not in -- you know, Reagan, Reagan, Reagan.

In purpose. They don't remember. They don't remember who Dick Cheney was.

I was listening to Fox news this morning, talking about Dick Cheney. And there was somebody there that I know was not even born when Dick Cheney. When the World Trade Center came down.

They weren't even born. They were telling me about Dick Cheney.

And I was like, come on. Come on. Come on.

If you don't remember who Dick Cheney was, how are you going to remember 9/11. How will you remember who Reagan was.

That just says, that's an old man's creed. No, it's not.

It's the ultimate timeless rebellion against tyranny in all of its forms. Yes, and even the tyranny of despair, which is eating people alive!

We need to redefine ourselves. Because we have changed, and that's a good thing. The creed for a generation, that will decide the fate of the republic, is what we need to find.

A conservative in 2025, '26.

Is somebody who protects the enduring principles of American liberty and self-government.

While actively stewarding the institutions. The culture. The economy of this nation!

For those who are alive and yet to be unborn.

We have to be a group of people that we're not anchored in the past. Or in rage! But in reason. And morality. Realism. And hope for the future.

We're the stewards! We're the ones that have to relight the torch, not just hold it. We didn't -- we didn't build this Torch. We didn't make this Torch. We're the keepers of the flame, but we are honor-bound to pass that forward, and conservatives are viewed as people who just live in the past. We're not here to merely conserve the past, but to renew it. To sort it. What worked, what didn't work. We're the ones to say to the world, there's still such a thing as truth. There's still such a thing as virtue. You can deny it all you want.

But the pain will only get worse. There's still such a thing as America!

And if now is not the time to renew America. When is that time?

If you're not the person. If we're not the generation to actively stand and redefine and defend, then who is that person?

We are -- we are supposed to preserve what works.

That -- you know, I was writing something this morning.

I was making notes on this. A constitutionalist is for restraint. A progressive, if you will, for lack of a better term, is for more power.

Progressives want the government to have more power.

Conservatives are for more restraint.

But the -- for the American eagle to fly, we must have both wings.

And one can't be stronger than the other.

We as a conservative, are supposed to look and say, no. Don't look at that. The past teaches us this, this, and this. So don't do that.

We can't do that. But there are these things that we were doing in the past, that we have to jettison. And maybe the other side has a good idea on what should replace that. But we're the ones who are supposed to say, no, but remember the framework.

They're -- they can dream all they want.
They can come up with all these utopias and everything else, and we can go, "That's a great idea."

But how do we make it work with this framework? Because that's our job. The point of this is, it takes both. It takes both.

We have to have the customs and the moral order. And the practices that have stood the test of time, in trial.

We -- we're in an amazing, amazing time. Amazing time.

We live at a time now, where anything -- literally anything is possible!

I don't want to be against stuff. I want to be for the future. I want to be for a rich, dynamic future. One where we are part of changing the world for the better!

Where more people are lifted out of poverty, more people are given the freedom to choose, whatever it is that they want to choose, as their own government and everything.

I don't want to force it down anybody's throat.

We -- I am so excited to be a shining city on the hill again.

We have that opportunity, right in front of us!

But not in we get bogged down in hatred, in division.

Not if we get bogged down into being against something.

We must be for something!

I know what I'm for.

Do you?

How America’s elites fell for the same lie that fueled Auschwitz

Anadolu / Contributor | Getty Images

The drone footage out of Gaza isn’t just war propaganda — it’s a glimpse of the same darkness that once convinced men they were righteous for killing innocents.

Evil introduces itself subtly. It doesn’t announce, “Hi, I’m here to destroy you.” It whispers. It flatters. It borrows the language of justice, empathy, and freedom, twisting them until hatred sounds righteous and violence sounds brave.

We are watching that same deception unfold again — in the streets, on college campuses, and in the rhetoric of people who should know better. It’s the oldest story in the world, retold with new slogans.

Evil wins when good people mirror its rage.

A drone video surfaced this week showing Hamas terrorists staging the “discovery” of a hostage’s body. They pushed a corpse out of a window, dragged it into a hole, buried it, and then called in aid workers to “find” what they themselves had planted. It was theater — evil, disguised as victimhood. And it was caught entirely on camera.

That’s how evil operates. It never comes in through the front door. It sneaks in, often through manipulative pity. The same spirit animates the moral rot spreading through our institutions — from the halls of universities to the chambers of government.

Take Zohran Mamdani, a New York assemblyman who has praised jihadists and defended pro-Hamas agitators. His father, a Columbia University professor, wrote that America and al-Qaeda are morally equivalent — that suicide bombings shouldn’t be viewed as barbaric. Imagine thinking that way after watching 3,000 Americans die on 9/11. That’s not intellectualism. That’s indoctrination.

Often, that indoctrination comes from hostile foreign actors, peddled by complicit pawns on our own soil. The pro-Hamas protests that erupted across campuses last year, for example, were funded by Iran — a regime that murders its own citizens for speaking freely.

Ancient evil, new clothes

But the deeper danger isn’t foreign money. It’s the spiritual blindness that lets good people believe resentment is justice and envy is discernment. Scripture talks about the spirit of Amalek — the eternal enemy of God’s people, who attacks the weak from behind while the strong look away. Amalek never dies; it just changes its vocabulary and form with the times.

Today, Amalek tweets. He speaks through professors who defend terrorism as “anti-colonial resistance.” He preaches from pulpits that call violence “solidarity.” And he recruits through algorithms, whispering that the Jews control everything, that America had it coming, that chaos is freedom. Those are ancient lies wearing new clothes.

When nations embrace those lies, it’s not the Jews who perish first. It’s the nations themselves. The soul dies long before the body. The ovens of Auschwitz didn’t start with smoke; they started with silence and slogans.

Andrew Harnik / Staff | Getty Images

A time for choosing

So what do we do? We speak truth — calmly, firmly, without venom. Because hatred can’t kill hatred; it only feeds it. Truth, compassion, and courage starve it to death.

Evil wins when good people mirror its rage. That’s how Amalek survives — by making you fight him with his own weapons. The only victory that lasts is moral clarity without malice, courage without cruelty.

The war we’re fighting isn’t new. It’s the same battle between remembrance and amnesia, covenant and chaos, humility and pride. The same spirit that whispered to Pharaoh, to Hitler, and to every mob that thought hatred could heal the world is whispering again now — on your screens, in your classrooms, in your churches.

Will you join it, or will you stand against it?

This article originally appeared on TheBlaze.com.

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