1 00:00:00,160 --> 00:00:02,720 Speaker 1: So this heg Seth meeting is a mystery, and I 2 00:00:02,759 --> 00:00:06,560 Speaker 1: can appreciate people saying, what is all of this about 3 00:00:06,680 --> 00:00:10,320 Speaker 1: Tony Katz, Tony Katz today, good to be with you. 4 00:00:10,320 --> 00:00:15,960 Speaker 1: You've got the Secretary of War Pete Hegseth saying allegedly 5 00:00:16,079 --> 00:00:23,880 Speaker 1: putting together this meeting of generals, generals and admirals. There's 6 00:00:23,880 --> 00:00:27,120 Speaker 1: like eight hundred generals and admirals we have in the 7 00:00:27,240 --> 00:00:30,800 Speaker 1: United States. It's okay, what are you, what are you 8 00:00:30,840 --> 00:00:33,320 Speaker 1: getting together for? What is the purpose of the meeting? 9 00:00:33,320 --> 00:00:35,920 Speaker 1: And the answers? I do not know. I have no 10 00:00:36,040 --> 00:00:39,760 Speaker 1: idea why there's this meeting got reported by the Washington 11 00:00:39,800 --> 00:00:43,559 Speaker 1: Post yesterday, it's now everywhere. I'm kind of bothered that 12 00:00:43,600 --> 00:00:47,839 Speaker 1: it's reported, because if indeed they're gonna get together, I 13 00:00:47,840 --> 00:00:51,520 Speaker 1: don't think I want everybody knowing about it. I don't 14 00:00:51,560 --> 00:00:55,360 Speaker 1: think it should be so much a story of a 15 00:00:55,400 --> 00:00:59,880 Speaker 1: public consumption. Get together for the meeting without letting anybody know. 16 00:01:00,720 --> 00:01:04,160 Speaker 1: But it got leaked, and now there's this question of 17 00:01:04,200 --> 00:01:11,080 Speaker 1: this mystery meeting. As with all things, people get incredibly 18 00:01:11,319 --> 00:01:17,640 Speaker 1: what's the word I'm looking for, dumb? And there is 19 00:01:17,680 --> 00:01:19,840 Speaker 1: a guy who I do not know by the name 20 00:01:19,840 --> 00:01:27,080 Speaker 1: of Ben Hodges, a general former US Army Europe, and 21 00:01:27,160 --> 00:01:32,600 Speaker 1: he's on social media and he tweets out. July nineteen 22 00:01:32,720 --> 00:01:37,000 Speaker 1: thirty five, German generals were called to a surprise assembly 23 00:01:37,040 --> 00:01:40,120 Speaker 1: in Berlin and informed that their previous oath to the 24 00:01:40,120 --> 00:01:44,039 Speaker 1: Weimar Constitution was void and that they would be further 25 00:01:44,120 --> 00:01:47,840 Speaker 1: required to swear a personal oath to the Furor. Most 26 00:01:47,880 --> 00:01:52,360 Speaker 1: generals took the new oath to keep their position, to 27 00:01:52,440 --> 00:01:59,960 Speaker 1: which Pete Hegseth responded, cool story, General, is that really 28 00:02:00,360 --> 00:02:04,320 Speaker 1: how we're going to be engaging things? The only reason 29 00:02:04,360 --> 00:02:07,600 Speaker 1: for this meeting is because Trump and heck Seth want 30 00:02:07,640 --> 00:02:11,880 Speaker 1: the generals to swear an allegiance to Trump. Continuing this 31 00:02:12,000 --> 00:02:18,680 Speaker 1: push of Trump autocrat, Trump deskpot, Trump dictator, Trump threat 32 00:02:18,720 --> 00:02:24,040 Speaker 1: to democracy, Trump takeover. It continues, over and over and 33 00:02:24,200 --> 00:02:29,200 Speaker 1: over again. No turning down the rhetoric, no toning down 34 00:02:29,240 --> 00:02:34,120 Speaker 1: the rhetoric. This is certifiable. I assume that this general 35 00:02:34,200 --> 00:02:40,720 Speaker 1: is retired the United States Army certifiable. These people are broken. 36 00:02:42,080 --> 00:02:46,799 Speaker 1: Why in the world would I even consider or you 37 00:02:47,000 --> 00:02:53,880 Speaker 1: or anybody believing anything they say? For what purpose would 38 00:02:53,919 --> 00:02:57,360 Speaker 1: you do that? I'm curious about this meeting too. I 39 00:02:57,520 --> 00:03:02,160 Speaker 1: do not quite understand what it is. Maybe we'll find out. 40 00:03:02,520 --> 00:03:04,320 Speaker 1: I think the argument of do you really want all 41 00:03:04,320 --> 00:03:06,800 Speaker 1: these senior officials in one place? I think that's actually 42 00:03:06,800 --> 00:03:09,399 Speaker 1: a very good argument. I think that is a near 43 00:03:09,520 --> 00:03:14,720 Speaker 1: compelling argument. Is this the right thing to do? And 44 00:03:14,760 --> 00:03:18,000 Speaker 1: then you have Trump and and he was in the 45 00:03:18,080 --> 00:03:21,040 Speaker 1: in the oval yesterday. You've got Trump and you have JD. 46 00:03:21,200 --> 00:03:24,280 Speaker 1: Vance there and they were asked about this, and they're like, 47 00:03:25,400 --> 00:03:27,840 Speaker 1: not a big deal. Why are we even why are 48 00:03:27,880 --> 00:03:30,839 Speaker 1: we even talking about this? Why such a big deal? 49 00:03:30,840 --> 00:03:33,440 Speaker 1: You act like it's a bad thing. I'm not saying 50 00:03:33,480 --> 00:03:37,080 Speaker 1: it is a bad thing, but are we going to 51 00:03:37,080 --> 00:03:41,560 Speaker 1: to pretend that there's there's not the possibility of a 52 00:03:41,600 --> 00:03:47,240 Speaker 1: problem with everybody being in one place. It's okay to say, 53 00:03:47,280 --> 00:03:50,160 Speaker 1: it's okay to note It's like when you had the 54 00:03:51,240 --> 00:03:54,560 Speaker 1: memorial service for Charlie Kirk. I understand we could do 55 00:03:54,680 --> 00:03:59,840 Speaker 1: security pretty well. The president, the vice president, the the 56 00:03:59,840 --> 00:04:03,400 Speaker 1: the the Secretary of State, the Secretary of Defense all 57 00:04:03,400 --> 00:04:07,480 Speaker 1: in one spot. It's yes, you can be concerned about that, 58 00:04:08,680 --> 00:04:10,680 Speaker 1: but we have them all one spot, and for example, 59 00:04:11,200 --> 00:04:14,000 Speaker 1: at least many of them, for example a Republican conventions, 60 00:04:14,000 --> 00:04:17,320 Speaker 1: they're Democratic conventions. It's okay to say, is this the 61 00:04:17,360 --> 00:04:20,880 Speaker 1: best idea? I just don't know what the meeting is for. 62 00:04:22,320 --> 00:04:28,920 Speaker 1: But if there's a conversation about a reduction amongst the generals, 63 00:04:29,920 --> 00:04:33,960 Speaker 1: well I'm absolutely fine with that. Eight hundred generals and admirals. 64 00:04:34,040 --> 00:04:36,920 Speaker 1: Do you really need that many people with stars? Does 65 00:04:36,920 --> 00:04:39,440 Speaker 1: it really take that many stars to get the job done? 66 00:04:40,080 --> 00:04:42,279 Speaker 1: Or do we promote people to general because you know 67 00:04:43,040 --> 00:04:45,880 Speaker 1: somebody has a brother in law, and well, you know 68 00:04:48,680 --> 00:04:53,440 Speaker 1: that is often times the case. You don't think the 69 00:04:53,480 --> 00:04:55,279 Speaker 1: military is political. How do you think you get to 70 00:04:55,279 --> 00:04:59,640 Speaker 1: be a general? You're a great leader. That's not always 71 00:04:59,640 --> 00:05:04,040 Speaker 1: how it wor and we are all fully aware of that. 72 00:05:05,440 --> 00:05:09,040 Speaker 1: So as for what this meaning is, I do not know. 73 00:05:10,160 --> 00:05:12,560 Speaker 1: But if we're going to fire some generals and some admirals, 74 00:05:13,720 --> 00:05:17,400 Speaker 1: I'm okay with that. I am fine with it. And 75 00:05:17,440 --> 00:05:21,200 Speaker 1: the idea that we can't fire admirals and generals. This 76 00:05:21,320 --> 00:05:26,000 Speaker 1: goes back to that conversation do the institutions exist for 77 00:05:26,080 --> 00:05:29,960 Speaker 1: the citizenry or do they exist to keep the institutions 78 00:05:30,200 --> 00:05:35,440 Speaker 1: in existence. Then there's the story of the farmer. So 79 00:05:35,600 --> 00:05:42,240 Speaker 1: you have got the Trump administration saying that tariff money 80 00:05:42,440 --> 00:05:45,719 Speaker 1: is going to be used to help bail out farmers, 81 00:05:45,800 --> 00:05:53,160 Speaker 1: not all, but some. Now Taiwan is pledging to buy 82 00:05:53,279 --> 00:05:57,160 Speaker 1: six billion dollars in US corn and soybeans. This is 83 00:05:57,240 --> 00:06:02,400 Speaker 1: the first story that I have seen where there is 84 00:06:02,560 --> 00:06:10,880 Speaker 1: some kind of movement based on the tariff war, the 85 00:06:11,040 --> 00:06:15,200 Speaker 1: idea that yes, indeed, it's not just a conversation of well, 86 00:06:15,279 --> 00:06:17,560 Speaker 1: we'll open up our markets to these things that you 87 00:06:17,600 --> 00:06:22,119 Speaker 1: sell in America. Opening up the market is inconsequential. Are 88 00:06:22,160 --> 00:06:28,320 Speaker 1: they going to buy? Yes or no? So you have 89 00:06:30,480 --> 00:06:37,640 Speaker 1: this deal regarding the state of Indiana, leaders of Indiana's 90 00:06:37,680 --> 00:06:42,279 Speaker 1: corn and soybean lobbies signing letters of intent with officials 91 00:06:42,279 --> 00:06:46,320 Speaker 1: from Taiwan that call for Taiwan to purchase close to 92 00:06:46,360 --> 00:06:49,560 Speaker 1: six billion dollars worth of US agricultural products over the 93 00:06:49,600 --> 00:06:54,240 Speaker 1: next four years. Now, I would want to know exactly 94 00:06:54,400 --> 00:06:59,200 Speaker 1: how much of this stuff do they buy. Already the 95 00:06:59,279 --> 00:07:02,640 Speaker 1: letters that they're committed to buying eight point five metric 96 00:07:02,720 --> 00:07:05,240 Speaker 1: tons of US corn products and six and a half 97 00:07:05,279 --> 00:07:08,520 Speaker 1: to eight metric tons of soybean products by twenty twenty nine. 98 00:07:08,960 --> 00:07:11,040 Speaker 1: That's a little over two billion dollars worth of corn 99 00:07:11,400 --> 00:07:15,480 Speaker 1: and three and three quarter billion dollars worth of soybeans. Now, 100 00:07:15,520 --> 00:07:18,400 Speaker 1: it doesn't discuss how much is coming out of Indiana specifically, 101 00:07:18,800 --> 00:07:23,520 Speaker 1: but we'll leave that as a secondary point. If this 102 00:07:23,840 --> 00:07:28,840 Speaker 1: is something in addition to what is already being purchased, 103 00:07:29,160 --> 00:07:33,680 Speaker 1: specifically purchased because of trade deals, this is the kind 104 00:07:33,720 --> 00:07:37,440 Speaker 1: of thing you cheer and celebrate and say, my gosh, 105 00:07:37,840 --> 00:07:42,680 Speaker 1: the first actual fruits of one of these trade deals. 106 00:07:44,200 --> 00:07:48,400 Speaker 1: That's good news. But if now we're going to say, 107 00:07:48,560 --> 00:07:51,960 Speaker 1: going back to the other side of this tariff money 108 00:07:52,000 --> 00:07:56,160 Speaker 1: is tereed to bail out the farmer. I like the farmer. 109 00:07:57,840 --> 00:08:05,000 Speaker 1: I support the farmer. I want these trade deals to 110 00:08:05,040 --> 00:08:11,040 Speaker 1: be able to help out the farmer in every single way. 111 00:08:11,240 --> 00:08:13,920 Speaker 1: But the but the tarrors being used to bail out 112 00:08:13,960 --> 00:08:16,240 Speaker 1: the farmer. I thought that we had a use for 113 00:08:16,320 --> 00:08:19,720 Speaker 1: the tariffs, and that was paying down debt. I thought 114 00:08:19,840 --> 00:08:23,640 Speaker 1: that was its purpose, get rid of this insane debt 115 00:08:23,760 --> 00:08:28,280 Speaker 1: crushing Americans. That because we don't stop spending because we're fools, 116 00:08:28,640 --> 00:08:32,640 Speaker 1: that was the goal. That's not the goal. Now we're 117 00:08:32,679 --> 00:08:36,400 Speaker 1: going to use it for specific pet projects. I opposed 118 00:08:37,080 --> 00:08:38,960 Speaker 1: the tarer of money going back to the people some 119 00:08:39,080 --> 00:08:42,439 Speaker 1: level of rebate. No no, no, no, no, no, no, no, no, no, 120 00:08:43,120 --> 00:08:45,160 Speaker 1: this is all getting silly. Don't get me wrong. I 121 00:08:45,200 --> 00:08:47,800 Speaker 1: love it when Americans get their money back. I want 122 00:08:47,800 --> 00:08:51,480 Speaker 1: my money back too. Pay down the debt if that's 123 00:08:51,480 --> 00:08:53,880 Speaker 1: what you're gonna use, If you're gonna have these ridiculous 124 00:08:53,880 --> 00:08:59,120 Speaker 1: for cocka tariffs, pay pay down the debt, be done finished. 125 00:08:59,440 --> 00:09:02,680 Speaker 1: Paying down the debt is better for me. I need 126 00:09:02,720 --> 00:09:08,360 Speaker 1: this debt gone. This is crushing, this is gonna destroy us. 127 00:09:09,120 --> 00:09:13,920 Speaker 1: My gosh, it's the tea party all over again. But 128 00:09:14,000 --> 00:09:21,320 Speaker 1: we're gonna bail out the farmers. Trump saying in the 129 00:09:21,360 --> 00:09:23,400 Speaker 1: Oval Office, We're gonna take some of that tariff money 130 00:09:23,440 --> 00:09:25,840 Speaker 1: that we've made. We're gonna give it to our farmers, 131 00:09:26,320 --> 00:09:28,080 Speaker 1: who for a little while are going to be hurt 132 00:09:28,160 --> 00:09:31,160 Speaker 1: until it kicks in. The tariffs kick in to their benefit. 133 00:09:32,720 --> 00:09:37,840 Speaker 1: I do like the admission that the tariffs cause a problem. 134 00:09:38,040 --> 00:09:41,400 Speaker 1: If this trade deal works where it's above and beyond 135 00:09:41,520 --> 00:09:45,720 Speaker 1: what is already being purchased by Taiwan, then yes, the 136 00:09:45,760 --> 00:09:50,600 Speaker 1: first real good news. Now let's see others do this 137 00:09:51,040 --> 00:09:53,600 Speaker 1: and start buying. By the way, there's only so many soybeans. 138 00:09:53,600 --> 00:09:55,640 Speaker 1: We have so much corn that we have, Oh, we've 139 00:09:55,679 --> 00:09:57,000 Speaker 1: got a lot of it, But there's only so much. 140 00:09:57,080 --> 00:09:58,800 Speaker 1: There are only so many places you can go and 141 00:09:59,160 --> 00:10:00,800 Speaker 1: sell the things because you I only have so much 142 00:10:00,840 --> 00:10:07,040 Speaker 1: to sell. This is a good result, not one hundred 143 00:10:07,040 --> 00:10:10,360 Speaker 1: percent sure how I feel about kind of peace meeling 144 00:10:10,400 --> 00:10:12,480 Speaker 1: it out with this group is hurt, and that group's hurt. 145 00:10:12,520 --> 00:10:15,560 Speaker 1: The other group's hurt. You said you're gonna pay down debt, 146 00:10:15,559 --> 00:10:19,160 Speaker 1: and I think that's what you should do, the other 147 00:10:19,200 --> 00:10:22,440 Speaker 1: part of it is, did the tariffs actually lead us 148 00:10:22,480 --> 00:10:25,840 Speaker 1: to this place talk with this deal with Taiwan? Did 149 00:10:25,960 --> 00:10:29,199 Speaker 1: take the tariffs to do this? We couldn't have done 150 00:10:29,240 --> 00:10:33,400 Speaker 1: it any other way? Maybe not? But do the tariff 151 00:10:33,480 --> 00:10:36,360 Speaker 1: still provide us any value? Because there are attacks on us? 152 00:10:37,120 --> 00:10:41,760 Speaker 1: I still say no, but a trade deal. I will 153 00:10:41,880 --> 00:10:45,640 Speaker 1: cheer a trade deal that actually sees an economic result. 154 00:10:45,960 --> 00:10:50,080 Speaker 1: And I'm not mad at farmers, I understand. I'm just 155 00:10:50,120 --> 00:10:52,400 Speaker 1: saying this tariff money was supposed to go to debt, 156 00:10:52,960 --> 00:10:55,520 Speaker 1: and I would if we're gonna collect the crap, I 157 00:10:55,559 --> 00:10:57,520 Speaker 1: would still like to see that be the thing that's 158 00:10:57,520 --> 00:10:59,880 Speaker 1: paid down. This is Tony Katz today,