With Kanye West's infamous run-in with Taylor Swift at the 2009 MTV Video Music Awards behind us, it wasn't too surprising to find out that she was the one to present him with the Video Vanguard award Sunday night (Aug. 30).

"I met Kanye west six years ago at this show actually," Taylor said. "Since then we've had some time to talk about a lot of different things. It seemed like everyone knew about our infamous encounter at the VMAs, but something you may not know is that Kanye West's album, The College Dropout, was the very first album that my brother and I bought on iTunes when I was 12 years old."

Taylor went on to praise Kanye for all his achievements, his meticulous attention to detail and honing his talents.

Once the rapper finally got onstage, it seemed like he was at a loss for words -- perhaps the first time we've ever seen him speechless. But the constant cheering from the crowd was clearly something that the artist relished, especially as the audience chanted "Yeezus."

"Bro. Bro!" he started off his speech. "Listen to the kids. First of all, thank you Taylor for being so gracious and giving me this award. thank you," he said.

Kanye delved into the misconceptions people have about him, the things he's done in the past and his passion to fight for the artist.

"It crosses my mind when I go to a baseball game, and 60,000 people boo me," he shared. "It crosses my mind a little bit. And I think if I had to do it all over again, what would I have done? Would I have worn a leather shirt? Would I have drank a bottle of Hennessy and gave the rest of it to the audience? You know you drank that bottle, too. If I had a daughter at that time, would I have went onstage and grab the mic from someone else's? You know, this arena tomorrow. It'll be a different setup. This stage will be gone. After that night, that stage was gone but the effect it had on people remained."

He added, "And this small box we are, as the entertainers of the evening, how could you explain that? Sometimes I feel like all this beef. I died for the artists' opinion, for artists to have an opinion after they were successful. I'm not no politician, bro!"

Kanye continued to put MTV on blast by talking about the hype around Taylor giving him the award "to get them more ratings." He then went on to say that he doesn't understand awards shows.

"I don't understand it bro," he said with conviction. "I just wanted people to like me more. But f--- that bro! 2015. I will die for the art, for what I believe it. And the art don't always be polite."

And before anyone could question if Kanye smoked up before the show, he admitted, "Yes, I rolled a little something. I knocked the edge off!" So now we know Yeezy still smokes weed.

As Kanye continued on, he spoke passionately about the millennial generation and teaching the kids to believe in themselves and that they can do anything. Kanye spoke his gospel, and everyone listened. Then when you thought that he couldn't say anything else more profound, he ends his speech with, "And yes, as you probably could have guessed, I have decided in 2020 to run for president."

Read the entire transcript of Kanye's MTV Video Vanguard speech below.

"Bro. Listen to the kids. First of all, thank you Taylor for being so gracious. I often think back to the first day I met you also. You know I think about when I'm in the grocery store with my daughter, and I have a really great conversation about fresh juice and the end they say, "Oh, you're not that bad, after all." And like I think about it sometimes. Like it crosses my mind when i go to a baseball game and 60,000 people boo me. It crosses my mind a little bit.

If i had to do it all again, what would I have done? Would i have worn a leather shirt? Would I have drank half a bottle of Hennessy. If i had a daughter at that time would I have went on stage and grabbed the mic from someone else's?

This arena tomorrow is going to be a completely different set-up. This stage will be gone tomorrow. After that night the stage was gone, but the effect it had on people remained. The problem was the contradiction. The contrdaiction is I do fight for artists, but in that fight I was somehow disrespectful to artists. I didn't know how to say the right thing, the perfect thing, I just sat at the Grammys and saw Justin Timberlake and Cee Lo lose... and bro, not trying to put you on blast, I saw that man in tears. You deserved to win "Album of the Year." In this small box we are as the entertainers of the evening, how could you explain that sometimes...I feel like all this they run about beef and all that sometimes I feel like i died for that opinion.

I'm not no politician, bro. And look at that you know how many times MTV ran that footage again 'cause it got that them more ratings, and how many times they announced Taylor was gonna give me the award 'cause it got them more ratings.

Listen to the kids, bro.

I still don't understand award shows. I don't understand how they get five people who worked their entire life, one sold records one sold concert tickets and for the first time of their life be judged ... So for the first time they can be called a loser. I don't understand when the biggest album

I've been conflicted, bro. I've just wanted people to like me more but fuck that bro.

2015 I will die for the art for what I believe in and the art ain't always gonna be polite. Y'all might be thinking right now, did he smoke something? The answer is, yes, I rolled up a little something.

I don't know what's gonna happen tonight. I don't know what's gonna happen tomorrow, but all I can say to my artists, my fellow artists, just worry how you feel at the time. Just worry how you feel and don't never...

I'm confident. I believe in myself. We the millennials, bro. This is a new mentality. We not gonna control our kids with brands. We're not gonna teach low self-esteem and hate to our kids. We're gonna teach them that they can be something. We gonna teach our kids they can stand up for themselves, believe in themselves.

It don't matter though. It ain't about me. It's about ideas, people who believe in truth. And yes, as you probably could've guessed by this moment, I have decided in 2020 to run for president."

See 2015 MTV Video Music Awards Red Carpet Looks

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