WITH.
YOU KIDDING ME?
GET OUT OF HERE.
LET’S BRING IN VIVEK RAMASWAMY
WHO KNOWS A THING OR TWO ABOUT
KIND OF THING.
WHAT’S GOING ON AT PAYPAL?
>> LOOK THIS, IN MY OPINION, WAS
NOT AN ERROR, IT WAS A MISTAKE.
AND THERE’S A DIFFERENCE BETWEEN
THE TWO.
YOU CAN LOOK BACK AS RECENTLY AS
2019.
PAYPAL WAS ACTUALLY TRACHING
INSTRUCTION FROM THE SOUTHERN
POVERTY LAW CENTER IN DEFINING
WHICH GROUPS COUNTED AS HATE
SPEECH, AS PERPETUATING HATE
SPEECH AND -- ACCESS TO THEIR
PLATFORM.
THE MISINFORMATION POLICE IN
THIS COUNTRY ARE FIRST COMING
AFTER YOUR SOCIAL MEDIA ACCOUNTS
TO PREVENT YOU FROM BEING ABLE
TO SHARE YOUR OPINIONS, BUT NOW
WE’RE GOING THE NEXT IS STEP TO
YOUR FINANCIAL ACCOUNTS,
STOPPING YOU FROM BEING ABLE TO
TRANSABOUT AND BE A MEMBER OF
THE MODERN ECONOMY.
THIS IS A DEEPLY CONCERNING AND
CHILLING PROBLEM WHETHER YOU’RE
A DEMOCRATIC OR REPUBLICAN.
IT DOESN’T MATTER.
WE SHOULD NOT WANT A CLASS OF
CORPORATE AUTOCRATS DECIDING WHO
CAN AND CANNOT EXPRESS VIEWS IN
OUR MARKETPLACE OF IDEAS.
THAT’S WHAT WE’RE SEEING.
STUART: NOW, WE’VE BEEN
FOLLOWING YOUR ACTIVITY IN
YOUR -- YOU’VE GOT THIS COMPANY,
STRIVE.
YOU’RE FIGHTING WOKE POLITICS IN
BUSINESS.
WE’VE BEEN FOLLOWING WHAT YOU’RE
DOING, AND WE VERY MUCH SUPPORT
IT.
NOW YOU GOT SOMETHING WHERE
YOU’RE GOING AFTER CHINA.
EXPLAIN THIS ONE, PLEASE.
>> SURE.
SO WE UNVEILED OUR LATEST ETF,
OUR U.S. SEMICONDUCTOR INDEX
FUND, THE TICKER IS SHOC, AND IT
IS PREPARING FOR THE SHOCK TO
THE GLOBAL FINANCIAL SYSTEM WHEN
CHINA ANNEXES TAIWAN.
AND THIS IS AN IMPORTANT MONTH
TO BE TALKING ABOUT IT, STUART,
BECAUSE THIS IS THE MONTH THAT
XI JINPING TAKES AN
UNPRECEDENTED THIRD TERM AS
LEADER OF CHINA, BREAKING THE
CHAIN OF SUCCESSION, BECOMING
THE LONGEST SERVING LEADER OF
CHINA SINCE MAO TSE-TUNG.
AND I THINK THAT STARTS THE
CLOCK ON WHEN HE’S GOING TO MAKE
THAT MOVE ON TIE WHAT.
HE’S GOING TO DO IT, I THINK, IN
THE COMING YEARS AHEAD.
AND IT WILL DISRUPT THE GLOBAL
SEMICONDUCTOR SUPPLY CHAIN WHICH
STARTS IN TAIWAN WITH TSMC AND
OTHER RESOURCES IN TAIWAN THAT
CHINA VIEWS AS A STRATEGIC
ASSET.
WHEN THAT HAPPENS, I THINK
THERE’S A BIG, BIG SHOCK THAT’S
UNDERAPPRECIATED, STUART, WHERE
WE WILL LACK ACCESS TO HIGH-END
SEMICONDUCTORS THAT POWER
PHONES, COMPUTERS, EVEN POWER
REFRIGERATORS.
I THINK IT UNDERGIRDS OUR MODERN
WAY OF LIFE, AND THE SAD PART IS
I THINK THE INVESTING PUBLIC IS
UNDEREDUCATED ON THIS BECAUSE
FINANCIAL INSTITUTIONS ARE
AFRAID TO TALK ABOUT IT BECAUSE
OF THEIR TIES TO CHINA.
THAT’S WHAT’S GOING ON.
STUART: GOT IT.
ONE MORE FOR YOU.
AS THE PROTESTS IN IRAN ENTER
THE FOURTH WEEK, DO YOU THINK
THERE’S ENOUGH MEDIA COVERAGE
HERE IN AMERICA?
IT SEEMS LIKE A REAL SHIFT, A
REAL CHANGE OVER THERE.
>> LOOK, I THINK THAT THIS IS
ONE OF THE BIGGEST DEVELOPMENTS
IN IRAN SINCE THE LAST
REVOLUTION, SINCE THE OVERTHROW
OF THE SHAH.
THIS IS A BIG DEAL.
I HAVE BEEN A LITTLE BIT
SURPRISED TO SEE IT UNDERCOVERED
BY THE MAINSTREAM MEDIA, AND I
THINK WHAT’S GOING ON HERE IS
NORMALLY A STORY LIKE THIS, A
PRO-FEMME MIST IF MEDIA COMPLEX
WOULD BE ALL OVER THE STORY.
BUT IT CONFLICTS WITH ANOTHER
RULE IN THE PROGRESSIVE
HIERARCHY WHICH IS THAT YOU
CAN’T BE ISLAMOPHOBIC.
EVERY TIME YOU SEE A STORY BE IT
IN AFGHANISTAN ABOUT GIRLS NOT
BEING ABLE TO GO TO SCHOOL OR BE
IT THIS STORY IN IRAN, ON ONE
HAND THEY’RE SUPPOSED TO STAND
UP FOR WOMEN’S RIGHTS, ON THE
OTHER HAND, THEY’RE NOT SUPPOSED
TO BE ISLAMOPHOBIC, SO THEY
SHRUG HAIR STORIES AND MOVE ON
TO ANOTHER STORY WHICH I THINK
IS A TRAVESTY.
THE LAWS OF INTERSECTIONALITY
HAVE TIED THEMSELVES IN A KNOT
HERE, AND MEANWHILE WE’LL
CRITICIZE TOXIC MASCULINITY
AMONGST INNOCENT AMERICAN POIS,
YET WHEN THERE’S -- BOYS, YET
PLACES LIKE IRAN WE’RE AFRAID TO
SAY SOMETHING ABOUT IT OUT LOUD
FOR FEAR OF BEING ALLEGED ISLAM
FOBBIC.
IT’S A LITTLE BIT PUZZLING BUT
IN SOME WAYS NOT.
STUART: THE LAWS OF
INTERSECTIONALITY.
GOT IT.
VIVEK RAMASWAMY, YOU PUT IT VERY