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Speaker 1: Of priorities this year as a skinny budget. It will

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Speaker 1: be fleshed out in full. But when you're talking about

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Speaker 1: cuts to the National Park Service, cuts to climate science research,

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Speaker 1: cuts to UN peacekeepers, to the NIH rental assistance at

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Speaker 1: a time when the rent is too damn high, what

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Speaker 1: does it tell you about the priorities john of this administration?

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Speaker 2: And we're not just talking Listen, it should be clear here,

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Speaker 2: we're not just talking about cuts. We're not talking about

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Speaker 2: what you usually hear and watching about, which is a

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Speaker 2: reduction in the expected increase or even a one or

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Speaker 2: two point haircut on these programs.

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Speaker 3: We're talking about tens of.

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Speaker 2: Billions of dollars from the National Institutes of Health and

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Speaker 2: the Housing Urban Development Agency, So you've had a big

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Speaker 2: list there. I think we're talking about basically a twenty

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Speaker 2: percent cut, maybe a little bit more than that discretionary spending.

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Speaker 2: This is unheard of. No one's ever seen anything like this.

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Speaker 2: It is responsive to Donald Trump's base, It is responsive

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Speaker 2: to Russ Vote, the director of the Office of Management

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Speaker 2: and Budget, basically the kind of budgets that he used

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Speaker 2: to write when he was the budget guy for the

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Speaker 2: Republican Study Committee, which at the time was the extreme

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Speaker 2: right wing group in the House, and its budgets never

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Speaker 2: got more than a handful of votes. So we're seeing

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Speaker 2: the dream of Donald Trump to slash the federal government,

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Speaker 2: to cut taxis for the wealthy, and you know, we

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Speaker 2: will see what Congress says about it, but for the

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Speaker 2: time being, I think that there is a clear direction

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Speaker 2: of President Donald Trump to destroy as much as he

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Speaker 2: can of the federal government as fast as.

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Speaker 4: He can well live right of course, right, I mean,

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Speaker 4: at this point, they keep taking these actions that are

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Speaker 4: plating in this case explicitly illegal, and that's you know,

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Speaker 4: that's sort of a throwaway at this point that could

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Speaker 4: have become so much of a reflux of this administration

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Speaker 4: and what.

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Speaker 5: They're out of as part of this larger plant right.

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Speaker 4: Which is to target anything that they feel is oppositional.

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Speaker 5: And that's where we as we get closed.

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Speaker 4: With the midterms, that there's a resistible tentation, which I

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Speaker 4: know is true to think about this in the standard political.

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Speaker 5: Terms, but I just want to caution everyone that this

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Speaker 5: is different. This is not just another election.

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Speaker 6: They are on an authoritarian run here.

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Speaker 4: They are trying to reshape our country using government in.

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Speaker 5: A way that reshapes our culture and what our government represents.

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Speaker 7: They're not.

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Speaker 4: They're trying to take away so much of the basic

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Speaker 4: protections and freedoms that we took. So what's an issue

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Speaker 4: with CBS and PBIA at MPR one revenge? They've always

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Speaker 4: hated them. The right wing media is always targeted as

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Speaker 4: one of the villains that they're a truth teller. Another

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Speaker 4: part of that is, I remember, most of the stations

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Speaker 4: will be affected are in are in are not the

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Speaker 4: big cities, but actually in the smaller community, the smaller stations,

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Speaker 4: the royal areas are the ones that are going to

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Speaker 4: get hit the hardest in that taking away alternative voice

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Speaker 4: just against Trump and the rest of the right wing

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Speaker 4: media more power, enhancing their narrative dominance, and that to

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Speaker 4: me is a big part of it. They're getting rid

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Speaker 4: of the checks, not just legally, but also in the

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Speaker 4: court of public opinion.

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Speaker 1: Well, Asley, you have political calling these cuts on precedents,

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Speaker 1: but I mean, all four of us know these are

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Speaker 1: not surprising. A lot of this is straight out of

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Speaker 1: Project twenty twenty five. Russell Vote had been telegraphing that

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Speaker 1: this is what they wanted to do if they came

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Speaker 1: back into power. There was a playbook, and now they

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Speaker 1: are running the playbook.

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Speaker 7: Angelo.

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Speaker 5: Yeah, I mean they listened all the things they're going

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Speaker 5: to do.

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Speaker 4: Nothing in here even remotely, you know, sort of out

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Speaker 4: of left field. I mean, they are getting basically everything

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Speaker 4: they wanted in terms of their first wave of cuts

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Speaker 4: and reduction and gutting. And that is an intentional part

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Speaker 4: of the plan. The other thing, too, is that they're

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Speaker 4: bullied not just by the sort of whatever sort of confidence.

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Speaker 7: They have now and this is whatever.

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Speaker 4: Authoritary event, they're also bullied by history and a track record.

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Speaker 5: This is not the first time.

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Speaker 4: In twenty seventeen, his buddy, a similar thing happened when

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Speaker 4: his first term the budget was had all these tax

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Speaker 4: cuts in there.

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Speaker 5: It was it was a deeply unpopular budget.

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Speaker 4: Everyone like, everyone's going to be mad at Trump over

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Speaker 4: this because they promised that the tax coug we're going

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Speaker 4: to pay for themselves.

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Speaker 5: None of that came true. The only thing that came

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Speaker 5: true was that rich people.

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Speaker 4: Got a massive tax cut out of Trump's skill that

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Speaker 4: wasn't funded. And yet people still walked away with the

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Speaker 4: water not feeling an impression that somehow Trump is better

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Speaker 4: on the economy than an alternative Democrat would be. And

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Speaker 4: that to me is the scary part about this, that

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Speaker 4: they not only think that they can jam this through.

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Speaker 4: History says that they probably have a pretty good traper,

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Speaker 4: not just jamming it through, but getting.

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Speaker 7: Away with it.

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Speaker 8: Trump one and Trump two, there's really an attempt to

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Speaker 8: sideline the courts.

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Speaker 7: And there's always been this attempt to.

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Speaker 8: Sideline Congress, but now to sideline the courts as well.

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Speaker 8: I mean, they're doing a few things. One is they're

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Speaker 8: moving people around all the time to try to keep

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Speaker 8: us from getting into the right court. So we go

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Speaker 8: to one court and get injunction and they move people

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Speaker 8: to another counture. I mean, even with this Alien Enemies

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Speaker 8: like that piece you just played, he signs it on

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Speaker 8: March fourteenth, doesn't tell anybody, but do we find out.

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Speaker 7: They're starting to get people ready.

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Speaker 8: Then they finally publish it on the fifteenth, But the

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Speaker 8: statute says very clearly you're supposed to publish the Alien

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Speaker 8: Enemies that proclamation.

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Speaker 7: If you you want to use it, make it public.

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Speaker 8: But they're already trying to move it before it becomes public.

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Speaker 8: We find out that people are being moved, we go

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Speaker 8: into Court, and then they say, well, you're too early.

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Speaker 7: It hasn't even published it, but the people would have

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Speaker 7: been gone. And as you said, they were already some

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Speaker 7: people gone.

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Speaker 9: DOJ no longer enforcing justice, like the whole dismantling of DEI.

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Speaker 9: Everything the DOJ has done thus far has been in

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Speaker 9: support of this administration. They've attacked the courts to undermine

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Speaker 9: the court's trust with the public for when the courts

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Speaker 9: actually do speak, they are attacking the whole prospect of.

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Speaker 5: The nationwide injunction.

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Speaker 9: So it's going to make it harder for people to

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Speaker 9: challenge the administration's actions. They'll have to do it in

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Speaker 9: every different jurisdiction. That'll be entirely unwieldy. They are subjugating

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Speaker 9: law firms, and they are trying to attack public interest

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Speaker 9: firms too. All of that is about reducing the amount

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Speaker 9: of legal resources available for this fight. It is not

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Speaker 9: a coincidence. This is a strategy to make the law

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Speaker 9: no longer work for the.

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Speaker 3: People haven't really faced.

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Speaker 10: I think what will be the defining crisis, which will

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Speaker 10: be the President either accepting a contrary decision, likely from

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Speaker 10: the Supreme Court on an issue of great significance, or

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Speaker 10: trying to reject it and trying to defy it.

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Speaker 3: And that moment is coming.

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Speaker 10: You know, the word crisis comes from the Greek vernacular

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Speaker 10: about healthcare. Crisis is the moment in a disease where

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Speaker 10: a patient lives or dies.

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Speaker 3: And don't want to be.

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Speaker 10: Overly hyperbolic on a Friday evening, but we will have

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Speaker 10: a crisis for the rule of law, I think before

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Speaker 10: this year is out. And here's hoping that the institutions,

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Speaker 10: the judges, the lawmakers, and the citizens hold on to

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Speaker 10: that rule of law, no matter what their impulses of

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Speaker 10: the moment might be.

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Speaker 11: This is the crimal stream of a dining lergy. Pray

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Speaker 11: for enemies because we're going to medieval on these people.

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Speaker 11: You've not got a free shot. All these networks lying

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Speaker 11: about the people, the people have had a belly full

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Speaker 11: of it. I know you don't like hearing that. I

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Speaker 11: know you've tried to do everything in the world to

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Speaker 11: stop that, but you're not going to stop it. It's

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Speaker 11: going to happen.

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Speaker 5: And where do people like that go to share the

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Speaker 5: big line?

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Speaker 12: Mega media?

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Speaker 4: I wish in my soul, I wish that any of

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Speaker 4: these people had a conscience.

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Speaker 11: Ask yourself, what is my task and what is my purpose?

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Speaker 13: If that answer is to save my country, this country

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Speaker 13: will be saved.

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Speaker 7: War Room.

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Speaker 12: Here's your host, Stephen kna.

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Speaker 11: It's Saturday, three May, in the year of Alert twenty

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Speaker 11: twenty five. We're here. We're going to get into all

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Speaker 11: this Caneac Citizen Kane's going to join us here shortly

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Speaker 11: to go through this firestorm that's come up about the

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Speaker 11: budget that the RUSS Vote and the team put out

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Speaker 11: yesterday from the White House. We'll get into all that.

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Speaker 11: I actually had a great honor to speak this morning

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Speaker 11: already as a keynote speaker to the last day of

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Speaker 11: the Center for Renewing America conference where RUSS Vote, Mark Paoletta,

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Speaker 11: that entire team, Jeff Clark, all the great heroes of

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Speaker 11: the interregnum in President Trump's four years did all this

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Speaker 11: and made sure the days of thunder and flood the

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Speaker 11: zone were you could actually effectuate her now in for

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Speaker 11: the second hundred days, one of the most dangerous and

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Speaker 11: controversial part times of the American Republic's history, which we're

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Speaker 11: now rolling out in the first couple of days. And

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Speaker 11: MSNBC is actually right, there are conversions of crises here

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Speaker 11: and whoever kind of wins the next hundred days is

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Speaker 11: going to be really driving the agenda, so it's quite important.

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Speaker 11: I want to go to Rome, Ben Harnwell, yesterday I

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Speaker 11: did this interview or republished interview I did with Archbishop Vigno.

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Speaker 11: I want to get to that in a moment, Ben,

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Speaker 11: Where are you? The reporting out of Europe is so important.

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Speaker 11: About what you've accomplished and what we've put together at

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Speaker 11: our monastery is kind of the counter to the radicalness

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Speaker 11: of Brigoglio in trying to keep the hopefully keep the

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Speaker 11: church on track by being a rally point for conservatives

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Speaker 11: and more importantly for traditionalists. Where are you today and

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Speaker 11: where do we stand with this upcoming conclave, Sir.

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Speaker 14: Beef, Good morning.

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Speaker 15: Well, I'm here live from Saint Peter's Piazza.

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Speaker 14: You can get a sense of the fact that the piazza.

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Speaker 15: Is already now starting to fill up with pilgrims in

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Speaker 15: expectation of the conclave by the fact that this mobile

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Speaker 15: signal is slower than usual. That's because they're like a

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Speaker 15: couple of thousand people behind me. This always happens in

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Speaker 15: Rome when lots of people gather together there's a dimination

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Speaker 15: of the of mobile signals, so that as an indication,

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Speaker 15: there's an excitement in the air, a buzz in the air.

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Speaker 15: People are starting to discuss now in real terms, who

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Speaker 15: the potential names might be. I mentioned one name because

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Speaker 15: I know this is something that you've been hammering on.

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Speaker 14: On the war, and this is the danger to do.

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Speaker 15: With American born Cardinal Crevost. Already the world's mainstream media

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Speaker 15: seems to have picked him as their flag bearer.

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Speaker 14: You have articles by.

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Speaker 15: The New York Times by Crux, which is basically the

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Speaker 15: Catholic version of the New York Times, and they're pushing articles.

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Speaker 14: Against him in his favor, one after another.

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Speaker 15: If I might just quickly highlight this, this is the guide

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Speaker 15: to avoid Steve. This is one of the principal people

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Speaker 15: we do not want to see come out onto that

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Speaker 15: loder behind me with a new papal regnal name. But already,

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Speaker 15: to give an example of the things that people are saying,

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Speaker 15: the National Catholic Reporter, known as the National Catholic Disdaughter

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Speaker 15: for its accuracy, has highlighted Cardinal Prevost and his interest

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Speaker 15: in dialogue. Crux argues that Prevost would maintain pain pope

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Speaker 15: frantas is substance, but with more pragmatic, cautious.

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Speaker 14: And discreet leadership. Steve, God save us from that.

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Speaker 11: No, this is uh, we got this. We obviously we're

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Speaker 11: fairly dialed in there. And from the very early really

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Speaker 11: even before the funeral, but from the early days, there

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Speaker 11: was this push behind the scenes to say, hey, let's

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Speaker 11: keep the Americans on board, because they're eighty percent of

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Speaker 11: the cash flow. But we actually have somebody here that's

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Speaker 11: more that's more organized, but even more progressive than Brigolio.

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Speaker 11: And so they feel that they got they got every

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Speaker 11: win in the world they get. They basically have the

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Speaker 11: you know this this myth of no American pope. They

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Speaker 11: go through that they lock in the American Church, particularly

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Speaker 11: the donors are now feel obligated to back an American pope,

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Speaker 11: so they lock in the cash they so desperately need

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Speaker 11: from the American Church, and they'll have somebody that thinks

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Speaker 11: even more organized in Burgolio, and they will have somebody

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Speaker 11: that's actually farther to the left than he is. Your

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Speaker 11: thoughts is that basically what the people driving this agenda

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Speaker 11: behind the scenes are looking at.

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Speaker 15: Yeah, but I have to say I think they're slightly

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Speaker 15: on the wrong foot this time around.

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Speaker 14: The difference from being when.

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Speaker 15: Francis was elected in the twenty thirteen and the difference

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Speaker 15: is that they no longer have a friendly force guiding

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Speaker 15: the international pressure, like for example, what.

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Speaker 14: Macron is doing in France on his cardinals.

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Speaker 15: Because in the sense that they no longer that the

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Speaker 15: deep state, the global deep state, what Archbishop Vigano calls

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Speaker 15: the deep Church, it no longer has control of the

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Speaker 15: White House. And this is crucially important because it's a

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Speaker 15: missing element now and this is the power of the

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Speaker 15: war audience.

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Speaker 14: Obviously, this is the power of Maga.

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Speaker 15: What it does mean in this time round is that

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Speaker 15: you cannot be the Claus Spob, the Vond the Lion,

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Speaker 15: the people who set the agenda behind the scenes and

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Speaker 15: then have it repeated via the Catholic Church.

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Speaker 14: They can no longer use the White House to push

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Speaker 14: the guy in this timeout.

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Speaker 15: So they are doing exactly what you said, but we

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Speaker 15: have a far stronger hand this time out.

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Speaker 11: Hangar for a second, Ben, We're going to take a

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Speaker 11: short commercial break. When I come back, there's a lot

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Speaker 11: to go through, including that interview Archbishop Vigeno. I mean

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Speaker 11: he throws down hard and says there was actually a

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Speaker 11: plot that was executed to make sure Bogolio became pope.

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Speaker 11: And he's very specific about it about the deep State,

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Speaker 11: the World Economic Forum, and what he calls the deep Church.

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Speaker 11: Will break it all down for you. Ben Harnwell's live

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Speaker 11: in Rome at the Vatican today. Kaneyak Citizen Kane is

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Speaker 11: going to join us also within this hour short commercial break.

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Speaker 11: One of the things we've been working on for years

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Speaker 11: is to make sure that you under stand capital markets,

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Speaker 11: that you understand money, that you understand the intersection of

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Speaker 11: money and power, because that's what this is all about. Obviously,

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Speaker 11: it's a spiritual war, but it manifests itself in the

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Speaker 11: realm of the known and in the realm of the known.

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Speaker 11: Money talks, so you have to understand it. Particularly have

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Speaker 11: to understand how gold has been a hedge against times

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Speaker 11: of turbulence for five thousand years of man's recorded history.

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Speaker 11: The end of the Dollar Empire. This is Birch Gold

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Speaker 11: to joint every between Birch Gold in the War room myself.

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Speaker 11: Go to birch Gold dot com promo code Bannon. We

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Speaker 11: just put out the seventh free installment the Rio reset.

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Speaker 11: What's going to happen in July, in the middle of

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Speaker 11: all this budget fight and all the geopolitical fights, all

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Speaker 11: the geoeconomic trade wars, is the bricks nations are coming

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Speaker 11: together to look for an alternative to the dollar, the

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Speaker 11: Rear reset. Totally free birch gold dot com slash Bannon.

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Speaker 11: Get it today at your weekend homework exercise short break.

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Speaker 12: Use your host Stephen k.

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Speaker 11: Okay. Let's go back to the Vatican in Saint Peter's Square,

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Speaker 11: our own Ben Harnwell tell us about Vigano really connected

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Speaker 11: the dots of the Obama administration, the deep state in

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Speaker 11: the United States, the World Economic Forum, the deep state internationally,

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Speaker 11: these intelligence services, these political operatives, these the money and

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Speaker 11: also talked about how it manifests itself in the deep Church.

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Speaker 11: Walk us through the highlights of the interview.

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Speaker 7: Sir.

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Speaker 15: Steve Well, I'll tell you this that the quote that

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Speaker 15: court yeah, I can hear you Smith.

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Speaker 11: Yeah, We're good. Go ahead, No, no, we got you,

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Speaker 11: go ahead, yes, go ahead.

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Speaker 15: The quote that really caught my attention here is when

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Speaker 15: Archbishop Vigano says, hatred for the traditional Mass is one

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Speaker 15: of the hallmarks of the.

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Speaker 14: Enemies of Christ.

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Speaker 15: And this being archibision know he's also clearly talking about

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Speaker 15: Satsan because he's his whole ecclesiology of the present moment

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Speaker 15: is definitely the reign of Satan.

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Speaker 14: Over the world and over Christ's Church as well.

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Speaker 15: Our flag up for our Protestant brethren this fact, whether

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Speaker 15: you buy into a lot of what the Catholic churches

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Speaker 15: teaches in terms of its piety and its traditions or not,

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Speaker 15: even Protestants will recognize that in Satan, in demonic possessions,

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Speaker 15: has an absolute, supernatural or pret and natural hatred of

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Speaker 15: the crucifix, of the Cross of Christ crucified. So although

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Speaker 15: mentioned to our Protestant friends, is to carry that thought

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Speaker 15: process along because it is exactly the same and arguably

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Speaker 15: even more demonstrable Satan's hatred of the traditional Latin Mass.

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Speaker 14: I'll mentioned and then pass on.

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Speaker 15: It will come to that developed that point a little furthestive.

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Speaker 15: The point is, and this is why Archbishop Vigino is

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Speaker 15: absolutely heroic. It is because he is speaking up for

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Speaker 15: the ordinary Kilgrims and Catholics who go to Mass every Sunday.

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Speaker 14: Because all of the rest of the bishops, all the.

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Speaker 15: Rest of the cardinals are not doing They are hiring

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Speaker 15: shepherds at great personal cost. Archbishop Viginner has been a

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Speaker 15: tireless voice, and I.

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Speaker 14: Think you know I strongly recommend. Look, Liza has pushed

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Speaker 14: this out. It's on the Warring website. I'm going to

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Speaker 14: push out this interview as well.

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Speaker 15: Everybody must read it because of what Archbishop Vigino is saying.

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Speaker 14: And I'll say this, that guy has been in hiding I.

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Speaker 15: Think for the last seven or eight years since he

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Speaker 15: produced his expose, his dossier on the child sex abuse

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Speaker 15: scandal in the church and Pope Francis's lack of action,

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Speaker 15: the fact that he was promoting cardinals constantly like McCay.

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Speaker 15: It only Viganotes spoke up, and there is now within

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Speaker 15: the war room and within.

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Speaker 14: The wider if we ever we take trisulty with the rather.

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Speaker 15: Within the wider Maga family. Here there is now a

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Speaker 15: direct line. This is the point I'm trying. This is

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Speaker 15: the direct line between Archbishop Vigino's solitary witness in defense

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Speaker 15: of ordinary Catholics and.

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Speaker 14: This radio show, this television show, this transmission. There is

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Speaker 14: that line.

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Speaker 15: This is the show that speaks out and says the

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Speaker 15: message that all the Catholic media are too afraid to touch.

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Speaker 15: This is where people need to come to find out

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Speaker 15: what is the horrific stories that are taking place over

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Speaker 15: my shoulder in the Vatican steam.

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Speaker 11: How's this going to play out? Now? How's this going

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Speaker 11: to play out in this conclave? Because we saw what

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Speaker 11: Viginos said before, Hey, you had the political muscle of

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Speaker 11: the progressive left globalist back in twenty twelve and twenty

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Speaker 11: thirteen that manifests itself by getting Burgolio in. Now now

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Speaker 11: their alternative is to come with an American to try

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Speaker 11: to get the Americans to buy off to keep the

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Speaker 11: cash flow from the American Church, which the Vatican desperately

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Speaker 11: needs because they have an insolvency crisis. They have plenty

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Speaker 11: of assets assets all over the world in real assets,

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Speaker 11: real estate, but they have limited cash flow because somebody

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Speaker 11: of the Church of somebody of the folks in the

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Speaker 11: in the old regular Church don't go anymore because it's

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Speaker 11: it's gotten too radical and the traditional Church, as you know,

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Speaker 11: we've tried to cut these guys off from getting access

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Speaker 11: to the money. But in prevost they've got they've got

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Speaker 11: somebody actually more lethal than Burgolio, because he's more organized,

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Speaker 11: he's more radically left.

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Speaker 15: Sir Steve, Look, that's exactly the point here. You've got

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Speaker 15: two questions, two issues. You've got the role.

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Speaker 14: Of the laity.

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Speaker 15: In the ability, the talent, the resources that the laity

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Speaker 15: have which is not being used. And I'd like to

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Speaker 15: close it up when I come back to the lady,

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Speaker 15: and I think that the lady should have a role

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Speaker 15: in what's taking place over my shoulder in just a

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Speaker 15: few days time, in the treason of the pope.

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Speaker 14: But you also have the Vigano points as well.

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Speaker 15: So did these two things to do with the fact

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Speaker 15: that the church is bankrupt? One of the reasons that

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Speaker 15: the Church, the Vatican has no money is because you

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Speaker 15: had a lot of serious, pious, pious sincere American businessman

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Speaker 15: giving money every year to the Pope and his initiatives

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Speaker 15: via the Paper Foundation and what have you, and they

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Speaker 15: had a difficulty in getting the money comed in why

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Speaker 15: because Pope Francis was constantly doing two things. He was

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Speaker 15: criticizing capitalism and he was playing.

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Speaker 14: Up his hatred of America.

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Speaker 15: But how are you going to get American capitalists to

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Speaker 15: give money before you're doing is showing a contempts and

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Speaker 15: hatred for them, and in fact indicating that American capitalist

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Speaker 15: are the very antithesis of Christ's Gospel. So that is

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Speaker 15: one of the reasons that the Vatican is heading towards bankruptcy.

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Speaker 15: And I'm only I can only regret the fact that

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Speaker 15: not my Pope died before the incoming hit the fan

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Speaker 15: on that one, because he should have been around to

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Speaker 15: see this particular disaster that he had created for the

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Speaker 15: church and for the faithful. Staying on the point of

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Speaker 15: the faithful, this church has a medieval organization, right. It's

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Speaker 15: structure the faith goes back two thousand years, but its

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Speaker 15: essential governing system goes back a thousand years, Pope undred

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Speaker 15: and thirteen years, and it hasn't really changed.

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Speaker 14: One of the things. And I close with this point, Steve.

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Speaker 15: One of the things, as a practice in classic that

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Speaker 15: really offends me is that I have no real say

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Speaker 15: in the winning of the church. And that wouldn't be

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Speaker 15: a bad thing if the bishops and the cardinals who

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Speaker 15: are charged with running the church, We're doing a good job,

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Speaker 15: but they're doing an appalling job.

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Speaker 14: They're doing an appalling job on what is really.

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Speaker 15: Belonged to their office, like Christ has entrusted to them,

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Speaker 15: which is feeding the sheep, preserving the faith. Well, if

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Speaker 15: we judge them on the metric of preserving the faith, we.

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Speaker 14: Can see how badly they failed.

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Speaker 15: But even on the worldly things like the governing governance

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Speaker 15: of the church, the discipline of priests and bishops, it's

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Speaker 15: doing an even worse job. And those guys over my shoulder,

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Speaker 15: their approach to us has never changed since the Dark Ages.

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Speaker 15: The lady's job is to pay, to pray and obey.

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Speaker 15: They come up with happy talk about involving the laity,

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Speaker 15: but fundamentally we're closed out of that room. In four

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Speaker 15: days time when they start choosing a paper, we're locked

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Speaker 15: at and we're supposed to applaud whoever they put out

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Speaker 15: there on that baralcony. And that's really that's just great

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Speaker 15: and effecive because they're failing, and because it's patronizing, and

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Speaker 15: it was always.

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Speaker 14: That way in the church. Steve, let's go to that.

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Speaker 14: Six hundred years.

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Speaker 15: Ago the laity of the Rome picked the pope.

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Speaker 11: Well, let's go to that, because one of the criticisms

440
00:23:12,920 --> 00:23:15,240
Speaker 11: they throw at us is that, oh, you guys are

441
00:23:15,280 --> 00:23:18,520
Speaker 11: just nothing more than than your traditional Latin Mass. But

442
00:23:18,920 --> 00:23:23,359
Speaker 11: the structure, the power structure you want is close to Protestantism.

443
00:23:23,760 --> 00:23:25,879
Speaker 11: That one of the big things that Luther and the

444
00:23:25,880 --> 00:23:28,360
Speaker 11: Reformation are about. That that you're trying to We're trying

445
00:23:28,400 --> 00:23:32,960
Speaker 11: to impose a more Protestant hierarchy or more Protestant organization

446
00:23:33,160 --> 00:23:34,040
Speaker 11: on the church.

447
00:23:34,240 --> 00:23:39,359
Speaker 15: Your response, well, firstly, from the official Catholic position, what

448
00:23:39,520 --> 00:23:41,959
Speaker 15: is the problem with that? They love the Protestants, They

449
00:23:42,000 --> 00:23:45,520
Speaker 15: have breakfast meetings with them, they have prayer gatherings with them.

450
00:23:45,800 --> 00:23:49,240
Speaker 15: The people that they don't like us, the traditionalist Catholics,

451
00:23:49,440 --> 00:23:52,920
Speaker 15: the people that don't think the faith should change as

452
00:23:52,920 --> 00:23:55,360
Speaker 15: it moves down the generations. But if that is their

453
00:23:55,440 --> 00:23:59,399
Speaker 15: criticism of us, oh that's Protestant, Well, isn't there a

454
00:23:59,480 --> 00:24:01,480
Speaker 15: certain dis Let's say it? Because all they do is

455
00:24:01,560 --> 00:24:05,399
Speaker 15: praise Protestantism from the fact when not my Pope pulled

456
00:24:05,480 --> 00:24:09,200
Speaker 15: up in the St. Paul the sick, excuse me, the

457
00:24:09,920 --> 00:24:13,000
Speaker 15: audience or the bust of Luther.

458
00:24:13,320 --> 00:24:15,159
Speaker 14: They love Protestantism, what's the problem?

459
00:24:15,359 --> 00:24:17,879
Speaker 15: Second point, sid and I close with it, which is

460
00:24:17,920 --> 00:24:24,359
Speaker 15: more fundamental. CCP generals have the ability to pick Catholic

461
00:24:24,480 --> 00:24:29,880
Speaker 15: bishops under this secret toxic Vatican China agreement. That dream

462
00:24:29,960 --> 00:24:32,080
Speaker 15: that's so toxic we're not even allowed to see it.

463
00:24:32,440 --> 00:24:36,400
Speaker 15: Don't tell me Vatican that the CCP generals when they're

464
00:24:36,440 --> 00:24:40,840
Speaker 15: persecuting the faith in China can pick general can pick bishops,

465
00:24:41,080 --> 00:24:42,040
Speaker 15: but we can't.

466
00:24:42,720 --> 00:24:43,800
Speaker 14: That's just disgusting.

467
00:24:45,760 --> 00:24:48,440
Speaker 11: Ben, Where do people go to keep up with this?

468
00:24:48,520 --> 00:24:50,080
Speaker 11: By the way, I also want to announce that Jack

469
00:24:50,119 --> 00:24:53,240
Speaker 11: Pasopic is going to go is going to go over

470
00:24:53,400 --> 00:24:55,960
Speaker 11: to work with Ben for the coverage. We're going to

471
00:24:56,000 --> 00:24:57,720
Speaker 11: have a wall of water or the conclave, and I

472
00:24:57,720 --> 00:24:59,199
Speaker 11: think we're going to try to get Jack over there

473
00:24:59,200 --> 00:25:02,040
Speaker 11: as soon as possible. Who'll go with a special correspondent

474
00:25:02,640 --> 00:25:05,040
Speaker 11: for the war room because we're gonna take a ton

475
00:25:05,080 --> 00:25:06,760
Speaker 11: of his time and also be doing a show from

476
00:25:06,760 --> 00:25:08,720
Speaker 11: over there. We'll take a ton of his time. So

477
00:25:09,280 --> 00:25:11,440
Speaker 11: and we'll make a formal announcement of that, I think

478
00:25:11,480 --> 00:25:12,480
Speaker 11: tomorrow or Monday.

479
00:25:12,920 --> 00:25:13,200
Speaker 7: Uh.

480
00:25:13,280 --> 00:25:16,120
Speaker 11: Where do people go to get all your all your content? Sir?

481
00:25:16,200 --> 00:25:18,320
Speaker 11: Particularly over the weekend, because things are going to run

482
00:25:18,359 --> 00:25:19,399
Speaker 11: pretty hot on this.

483
00:25:20,760 --> 00:25:22,959
Speaker 14: Well, Steve, I can't wait for Puss to come out here.

484
00:25:22,960 --> 00:25:25,840
Speaker 15: We'll finally see who's able to drink more polls or

485
00:25:25,840 --> 00:25:26,240
Speaker 15: the Brits.

486
00:25:26,480 --> 00:25:31,000
Speaker 14: I'm on getta see Harnwell hard Well. It's the Brits.

487
00:25:31,119 --> 00:25:33,359
Speaker 14: We know the answer before we even ask the question.

488
00:25:33,560 --> 00:25:39,440
Speaker 14: I'll bring that guy under the table. Well, thanks Steve, God.

489
00:25:39,240 --> 00:25:42,199
Speaker 11: Bless he doesn't want to hear about the about the

490
00:25:42,320 --> 00:25:45,480
Speaker 11: intelligence officer. People should understand Ben Harnwell is one of

491
00:25:45,480 --> 00:25:48,160
Speaker 11: the most competitive people I've ever met my life. That's

492
00:25:48,160 --> 00:25:50,080
Speaker 11: one of the reasons I love him. Ben Harnwell, thank

493
00:25:50,080 --> 00:25:52,040
Speaker 11: you so much, brother, look forward to get you back

494
00:25:52,040 --> 00:25:54,720
Speaker 11: to on Monday and reading all your content over the weekend.

495
00:25:54,720 --> 00:25:58,399
Speaker 11: Thank you. Sir Grays and Moe have pushed out the

496
00:25:58,600 --> 00:26:02,399
Speaker 11: up on our site. Is the is the interview? I

497
00:26:02,400 --> 00:26:05,679
Speaker 11: think complicit clergy, one of the great groups of a

498
00:26:05,800 --> 00:26:07,960
Speaker 11: young priests in the country have pushed it out. We're

499
00:26:07,960 --> 00:26:11,000
Speaker 11: going to try to get it up everywhere. Extremely controversially, asked,

500
00:26:11,119 --> 00:26:15,520
Speaker 11: very tough and pointed questions. And guess what Archibisial Vigano

501
00:26:15,520 --> 00:26:18,879
Speaker 11: gave amazing answers, stunning answers. You want to understand the

502
00:26:18,920 --> 00:26:22,399
Speaker 11: deep state in the deep Church. He's the guy and

503
00:26:22,440 --> 00:26:25,960
Speaker 11: he got excommunicated for it. It's been excommunicated by Bergolium

504
00:26:26,640 --> 00:26:30,360
Speaker 11: for his efforts to try to free the traditional Catholics

505
00:26:30,359 --> 00:26:34,280
Speaker 11: within the Catholic church. Birch Gold dot com. It's not

506
00:26:34,400 --> 00:26:38,720
Speaker 11: the price, it's the process. Understand why gold has been

507
00:26:38,760 --> 00:26:42,840
Speaker 11: a hedge against times of financial turbulence for five thousand years.

508
00:26:42,840 --> 00:26:45,440
Speaker 11: If you understand that, you will go a long way

509
00:26:45,480 --> 00:26:50,399
Speaker 11: to your education as a citizen, a consumer, and somebody

510
00:26:50,400 --> 00:26:52,920
Speaker 11: trying to protect their net worth. Birch Gold dot com.

511
00:26:52,960 --> 00:26:55,359
Speaker 11: Slash Bennett ended the dollar Empire. Get to Phillip Patrick

512
00:26:55,400 --> 00:26:57,280
Speaker 11: and the team today short break Caniac.

513
00:26:57,359 --> 00:26:57,800
Speaker 7: On the other.

514
00:26:57,800 --> 00:27:02,200
Speaker 2: Side, place the power of the purse. Congress no longer

515
00:27:02,240 --> 00:27:07,119
Speaker 2: defends its institutional prerogatives, or not very much. That said,

516
00:27:07,160 --> 00:27:10,280
Speaker 2: I think you'll see some pushback in some areas, For example,

517
00:27:10,840 --> 00:27:14,879
Speaker 2: the Low Income Home Energy Assistance Program lie HEAP. This

518
00:27:15,760 --> 00:27:18,159
Speaker 2: is a program where you've got hundreds of thousands of

519
00:27:18,160 --> 00:27:23,080
Speaker 2: people getting heating and cooling assistants in a variety of states,

520
00:27:23,440 --> 00:27:26,600
Speaker 2: among them the biggest swing states Pennsylvania and Michigan all

521
00:27:26,600 --> 00:27:29,560
Speaker 2: throughout the South, where you get air conditioning assistance from

522
00:27:29,560 --> 00:27:31,960
Speaker 2: the lie HEAP program. That's one that's popular that I

523
00:27:32,000 --> 00:27:33,760
Speaker 2: think there will be some pushback on. I think you'll

524
00:27:33,760 --> 00:27:36,360
Speaker 2: see some pushback on the national Endowment for the Arts,

525
00:27:36,440 --> 00:27:39,520
Speaker 2: the National Endowment for the Humanities. But overall, I think

526
00:27:39,560 --> 00:27:42,359
Speaker 2: Republicans are going to do their darnest to support Trump.

527
00:27:42,359 --> 00:27:46,239
Speaker 2: And I think what has changed since twenty seventeen is

528
00:27:46,280 --> 00:27:48,520
Speaker 2: that you've got a Republican party in Congress that is

529
00:27:48,560 --> 00:27:51,440
Speaker 2: not only much more aligned with Trump, but very very

530
00:27:51,480 --> 00:27:54,280
Speaker 2: afraid of his base in primaries, which is the most

531
00:27:54,359 --> 00:27:56,439
Speaker 2: likely way than any of them will lose. And so

532
00:27:56,680 --> 00:27:58,480
Speaker 2: I think they're going to do what they can to

533
00:27:58,560 --> 00:28:00,720
Speaker 2: pass what he wants and maybe make a few adjustments

534
00:28:00,720 --> 00:28:01,160
Speaker 2: here and there.

535
00:28:01,200 --> 00:28:03,440
Speaker 5: They were so very clear what the tradeoff actually was.

536
00:28:03,560 --> 00:28:05,879
Speaker 4: Usually they leave that part out of the budget, they

537
00:28:05,880 --> 00:28:07,520
Speaker 4: don't make it clear what they're going to take away

538
00:28:07,520 --> 00:28:07,760
Speaker 4: from you.

539
00:28:07,800 --> 00:28:10,480
Speaker 5: In this case, they were very clear. I think the

540
00:28:10,480 --> 00:28:13,600
Speaker 5: first question I asked it was really important in.

541
00:28:13,520 --> 00:28:17,199
Speaker 4: Response to the current landscape, because that strange confusion and

542
00:28:17,240 --> 00:28:20,720
Speaker 4: tension about the defense spending is critical because Trump one

543
00:28:20,720 --> 00:28:23,200
Speaker 4: of the things within the larger sort of right wing

544
00:28:23,200 --> 00:28:26,720
Speaker 4: ecosystem that obviously helps sort of have that swirling cauldron

545
00:28:26,800 --> 00:28:29,359
Speaker 4: of support for Trump's snaris and false snarg and support

546
00:28:29,359 --> 00:28:33,520
Speaker 4: for him that is is weird. There are obviously competitions

547
00:28:33,560 --> 00:28:35,520
Speaker 4: and tensions everywhere. But one of the tensions is in

548
00:28:35,600 --> 00:28:39,600
Speaker 4: defense spending. There's a traditional sort of a hawkish, you know,

549
00:28:39,760 --> 00:28:42,280
Speaker 4: very they want to work very as much defense.

550
00:28:41,960 --> 00:28:43,360
Speaker 5: Spending as you can possibly get.

551
00:28:43,480 --> 00:28:46,120
Speaker 4: And then there's another part of their coalition that is

552
00:28:46,160 --> 00:28:49,040
Speaker 4: much more nationalistic, wants to look inward, much more populist,

553
00:28:49,080 --> 00:28:52,080
Speaker 4: wants to butt and cut defense spending first and really

554
00:28:52,120 --> 00:28:54,400
Speaker 4: take it away. And so in a strange way, this

555
00:28:54,520 --> 00:28:57,280
Speaker 4: confusion actually helps them because if you're a part of it,

556
00:28:57,320 --> 00:28:59,160
Speaker 4: you're sitting in the right wing media right now, depending

557
00:28:59,200 --> 00:29:01,800
Speaker 4: on where you tune in, that's the one place where

558
00:29:01,960 --> 00:29:04,280
Speaker 4: they're saying different things. So I'm saying, yeah, you know,

559
00:29:04,360 --> 00:29:06,800
Speaker 4: this is really bad for defense spending because they're spending

560
00:29:06,800 --> 00:29:09,640
Speaker 4: too much. Right Some are saying the opposite when it

561
00:29:09,640 --> 00:29:11,360
Speaker 4: comes to other things. They're all saying that there's not

562
00:29:11,360 --> 00:29:13,240
Speaker 4: going to be any consort sacrifice. It's only waste for

563
00:29:13,280 --> 00:29:15,440
Speaker 4: aged abuse that they're getting rid of in Medicare and

564
00:29:15,480 --> 00:29:17,920
Speaker 4: medicaid to the extent they ever acknowledged that. But that's

565
00:29:17,920 --> 00:29:19,760
Speaker 4: the part where I think it's an advantage, that's being

566
00:29:19,880 --> 00:29:22,120
Speaker 4: something to really have our home. So that fracture becomes

567
00:29:22,120 --> 00:29:23,000
Speaker 4: a full blown crack.

568
00:29:23,360 --> 00:29:26,040
Speaker 16: The salvation here has to be the populace, and the

569
00:29:26,120 --> 00:29:31,120
Speaker 16: salvation is clearly not Congress, which is not in doing anything.

570
00:29:31,640 --> 00:29:35,320
Speaker 16: The courts can only do so much. Remember, a lot

571
00:29:35,360 --> 00:29:38,760
Speaker 16: of what we're talking about is something that may be illegal,

572
00:29:38,800 --> 00:29:41,680
Speaker 16: but there's a whole lot that's going on that is

573
00:29:42,280 --> 00:29:47,600
Speaker 16: legal and just improvident. And so that's where you really

574
00:29:47,680 --> 00:29:50,000
Speaker 16: need those pulse. I mean, that is why that is

575
00:29:50,080 --> 00:29:52,920
Speaker 16: ultimately the key issue. But what we're seeing in terms

576
00:29:52,960 --> 00:29:55,240
Speaker 16: of the attack on the judiciary, I mean, nobody should

577
00:29:55,240 --> 00:29:59,000
Speaker 16: be surprised. This is you know, a man who is

578
00:29:59,480 --> 00:30:04,600
Speaker 16: an did felon in sitting now in the Oval office.

579
00:30:04,880 --> 00:30:09,120
Speaker 16: We saw him attack prosecutors and the courts. You know,

580
00:30:09,280 --> 00:30:12,120
Speaker 16: for the entire time that he was under indictment. This

581
00:30:12,320 --> 00:30:15,000
Speaker 16: so now you will start seeing the exact same thing.

582
00:30:15,120 --> 00:30:18,560
Speaker 16: It's the reason he has attacked the media. Anybody who

583
00:30:18,600 --> 00:30:21,560
Speaker 16: stands up and part of it, even when.

584
00:30:21,360 --> 00:30:23,280
Speaker 7: He loses, is fear.

585
00:30:24,000 --> 00:30:28,920
Speaker 16: So the idea of attacking the law firms is that

586
00:30:28,960 --> 00:30:31,120
Speaker 16: they have the fear they will obey in advance. The

587
00:30:31,160 --> 00:30:34,640
Speaker 16: attacking of universities is you have fear and obeying in advance,

588
00:30:35,000 --> 00:30:40,840
Speaker 16: even if he loses. The International Students International scholars thinking

589
00:30:40,840 --> 00:30:45,520
Speaker 16: about thinking twice about coming here, Scientists thinking you know,

590
00:30:45,600 --> 00:30:50,040
Speaker 16: what better to be doing this in Canada, in England,

591
00:30:50,120 --> 00:30:54,240
Speaker 16: in France. I mean the repercussions because of the nature

592
00:30:54,320 --> 00:30:57,840
Speaker 16: of what he is doing, even if the courts ultimately

593
00:30:58,240 --> 00:31:00,920
Speaker 16: say you can't do this enormous.

594
00:31:00,680 --> 00:31:03,000
Speaker 10: Well, he sees his next hundred days the way he's

595
00:31:03,040 --> 00:31:07,280
Speaker 10: seen his last x number of days in life, which

596
00:31:07,320 --> 00:31:11,120
Speaker 10: is that it is about him. It's not about us.

597
00:31:11,480 --> 00:31:15,480
Speaker 10: It's not about we the people. It's not about a

598
00:31:15,640 --> 00:31:19,560
Speaker 10: world in which we try to fulfill the implications of

599
00:31:19,600 --> 00:31:24,000
Speaker 10: the declaration of independence. And this is not some reflexibly

600
00:31:24,080 --> 00:31:25,920
Speaker 10: partisan anti Trump point.

601
00:31:26,520 --> 00:31:28,000
Speaker 3: It's simply the case.

602
00:31:28,480 --> 00:31:32,480
Speaker 10: And we're not We don't do ourselves any favors. We are,

603
00:31:32,560 --> 00:31:36,320
Speaker 10: I think, doing our jobs as citizens if we don't

604
00:31:36,720 --> 00:31:39,960
Speaker 10: call them as we see them. And what we've seen

605
00:31:40,000 --> 00:31:42,880
Speaker 10: for the last decade and it's now been a decade,

606
00:31:43,640 --> 00:31:46,200
Speaker 10: is that we are living in an age of Trump.

607
00:31:46,760 --> 00:31:48,480
Speaker 3: There's no question about that.

608
00:31:49,040 --> 00:31:53,360
Speaker 10: He has set the terms of the debate, and many

609
00:31:53,440 --> 00:31:57,240
Speaker 10: people are defined now by their reaction to the terms

610
00:31:57,280 --> 00:32:03,360
Speaker 10: he has set. And I think what, without any fear

611
00:32:03,440 --> 00:32:06,640
Speaker 10: really of serious contradiction, I think we can say that

612
00:32:06,880 --> 00:32:12,240
Speaker 10: he is taking a cult of personality. He has used

613
00:32:12,280 --> 00:32:17,640
Speaker 10: that to take over a major political party, and he

614
00:32:17,720 --> 00:32:21,000
Speaker 10: is now in his second term of trying to make

615
00:32:21,080 --> 00:32:25,640
Speaker 10: the world in his image as opposed to an image

616
00:32:25,920 --> 00:32:28,960
Speaker 10: where we can all figure out a way to live

617
00:32:29,040 --> 00:32:31,360
Speaker 10: lives of prosperity and purpose.

618
00:32:32,200 --> 00:32:33,600
Speaker 3: And it's a remarkable thing.

619
00:32:33,720 --> 00:32:37,440
Speaker 10: No American president has ever held this kind of grip.

620
00:32:37,920 --> 00:32:41,520
Speaker 10: It's ever had this kind of grip on the American imagination.

621
00:32:42,000 --> 00:32:44,480
Speaker 3: And I don't like saying things are unprecedented.

622
00:32:44,520 --> 00:32:48,760
Speaker 10: It's against my business model, but in this case, in

623
00:32:48,800 --> 00:32:50,640
Speaker 10: this case, it is unprecedented.

624
00:32:52,640 --> 00:32:58,240
Speaker 11: Oh my god, what a Saturday Morning d John meadium

625
00:32:59,760 --> 00:33:03,560
Speaker 11: The haters actually said, I'm going to replay that one

626
00:33:03,560 --> 00:33:06,400
Speaker 11: in the second hour that this is the age of Trump.

627
00:33:07,560 --> 00:33:09,440
Speaker 11: What we said on the show for years and years

628
00:33:09,440 --> 00:33:12,200
Speaker 11: and years. John Meacham says, you can't dispute it. It's

629
00:33:12,240 --> 00:33:17,040
Speaker 11: the age of Trump and no American president. Meetcham's the

630
00:33:17,200 --> 00:33:21,600
Speaker 11: historian of the presidents, one of them. But the Morning

631
00:33:21,680 --> 00:33:29,040
Speaker 11: Joe crowd, the Washington consensus just said, no American president

632
00:33:29,080 --> 00:33:32,040
Speaker 11: has ever had a grip on powerlay President Trump. Wow

633
00:33:32,920 --> 00:33:36,719
Speaker 11: from Meecham, not from warroom, not from Bannon from John Meacham,

634
00:33:37,920 --> 00:33:43,760
Speaker 11: stunning the I want to bring a kne now the

635
00:33:43,800 --> 00:33:48,640
Speaker 11: president of Media matters, who's a really smart guy. Hates MAGA,

636
00:33:48,880 --> 00:33:52,240
Speaker 11: hates Trump, hates war Room, hates all of us, but

637
00:33:52,320 --> 00:33:54,960
Speaker 11: a smart guy. I'll play that clip in the middle

638
00:33:55,000 --> 00:33:56,800
Speaker 11: of that again. By the way, the team did a

639
00:33:56,840 --> 00:34:00,240
Speaker 11: magnificent job of bringing all the different elements of of

640
00:34:00,280 --> 00:34:03,800
Speaker 11: these clips together for the last couple of days. He

641
00:34:03,880 --> 00:34:10,120
Speaker 11: got it, So kineac Cain. One things I love about

642
00:34:10,160 --> 00:34:13,600
Speaker 11: assisteens free press, and I was the Drudge of the right.

643
00:34:13,680 --> 00:34:18,439
Speaker 11: It's ten times better than Drudge. You are at where

644
00:34:18,520 --> 00:34:22,560
Speaker 11: Drudge was with peak. Drudge back with Andrew. Breitbart was

645
00:34:22,600 --> 00:34:24,720
Speaker 11: one of his. It was Andrew twelve. It was twelve

646
00:34:24,719 --> 00:34:27,359
Speaker 11: on twelve, Off Andrew do twelve. Drudger Drew twelve back

647
00:34:27,400 --> 00:34:30,440
Speaker 11: in the two thousand and four or five six, all

648
00:34:30,480 --> 00:34:34,120
Speaker 11: the way up to ten eleven until Andrew went separate

649
00:34:34,160 --> 00:34:36,439
Speaker 11: ways to do the Breitbart. We financed the Brakebart site,

650
00:34:36,480 --> 00:34:40,480
Speaker 11: and then Drudge lost it after a Trump went at sixteen.

651
00:34:40,640 --> 00:34:42,680
Speaker 11: Whether he got bought off or invested, who knows. But

652
00:34:42,960 --> 00:34:45,799
Speaker 11: it radically shifted but also got lazy. It's now where

653
00:34:45,800 --> 00:34:49,200
Speaker 11: it doesn't have the impact. It's also not brillantly thought through,

654
00:34:49,239 --> 00:34:53,000
Speaker 11: as you in your stack tell people why because you're

655
00:34:53,040 --> 00:34:55,120
Speaker 11: sitting the budget came out and you and Iron and

656
00:34:55,200 --> 00:34:57,880
Speaker 11: sink on this and this is remember Rush votes the

657
00:34:58,000 --> 00:35:01,240
Speaker 11: architect here. This is Project twenty five. This is Sierra.

658
00:35:01,320 --> 00:35:03,560
Speaker 11: I just gave the keynote address over this morning, the

659
00:35:03,600 --> 00:35:05,440
Speaker 11: third one I've done for the three years they've been

660
00:35:05,520 --> 00:35:08,920
Speaker 11: kind of up and running, or since they've had these conferences.

661
00:35:10,760 --> 00:35:13,400
Speaker 11: You know, it's twenty two percent on the discretionary side,

662
00:35:13,440 --> 00:35:17,920
Speaker 11: don't The defense budget's a major increase, although the defense

663
00:35:17,960 --> 00:35:20,759
Speaker 11: guys are yelling us, but you immediately when this thing

664
00:35:20,800 --> 00:35:24,040
Speaker 11: goes up. Cain has got the way to look at

665
00:35:24,160 --> 00:35:27,640
Speaker 11: I think, the sophisticated way in the stack, red and green.

666
00:35:27,760 --> 00:35:31,080
Speaker 11: He's letting you know this is important. You need to

667
00:35:31,120 --> 00:35:34,279
Speaker 11: pay attention here. And you're all over this like, hey,

668
00:35:34,320 --> 00:35:36,960
Speaker 11: this is not nearly enough. This is a nice first cut,

669
00:35:37,000 --> 00:35:39,600
Speaker 11: but we're not going to get there here. So walk

670
00:35:39,640 --> 00:35:43,720
Speaker 11: me through one. What is your obsession with federal spending?

671
00:35:43,840 --> 00:35:46,920
Speaker 11: What is your obsession? How's that driven you as a

672
00:35:47,000 --> 00:35:50,240
Speaker 11: newsperson Because you weren't a newsperson for decades, You're a trader,

673
00:35:50,880 --> 00:35:54,600
Speaker 11: you know, Wall Street guy in the You know, you're

674
00:35:54,640 --> 00:35:58,640
Speaker 11: trading securities daily and playing golf, working on that handicap,

675
00:35:58,960 --> 00:36:00,239
Speaker 11: and then all of a sudden you're the one of

676
00:36:00,280 --> 00:36:03,000
Speaker 11: the most significant people in the world on news. But

677
00:36:03,080 --> 00:36:08,360
Speaker 11: it was driven by your obsession with federal spending. Sir, Yeah,

678
00:36:08,400 --> 00:36:09,040
Speaker 11: that's correct.

679
00:36:09,080 --> 00:36:11,719
Speaker 17: First of all, I gotta say Meecham got it completely wrong.

680
00:36:11,840 --> 00:36:13,360
Speaker 17: I just got to put this in there. It is

681
00:36:13,440 --> 00:36:16,480
Speaker 17: not a cult of personality. It's the will of the people.

682
00:36:16,760 --> 00:36:20,239
Speaker 17: This is what MSNBC doesn't understand. They don't understand the

683
00:36:20,280 --> 00:36:24,280
Speaker 17: working class coalition and that Trump. We aren't driven by Trump.

684
00:36:24,400 --> 00:36:27,080
Speaker 17: We're driven by the ideas behind America.

685
00:36:27,120 --> 00:36:30,279
Speaker 6: First. Now I'll get to your question. You're exactly right, Benn.

686
00:36:30,320 --> 00:36:32,640
Speaker 17: And you remember our conversation as well that we've had

687
00:36:32,680 --> 00:36:36,680
Speaker 17: in different texts, in different text threats. I was interning

688
00:36:36,719 --> 00:36:39,760
Speaker 17: for CNN in Washington, DC in the summer of nineteen

689
00:36:39,800 --> 00:36:40,400
Speaker 17: eighty seven.

690
00:36:40,800 --> 00:36:42,640
Speaker 6: I was a young kid of twenty years old.

691
00:36:42,680 --> 00:36:46,040
Speaker 17: I was doing my resume tape on the overnight shift

692
00:36:46,080 --> 00:36:49,120
Speaker 17: in the last two weeks of the internshift. Now this

693
00:36:49,200 --> 00:36:52,240
Speaker 17: is early CNN, and this is Bernie Shaw, Bernard Shaw.

694
00:36:52,560 --> 00:36:53,520
Speaker 6: This is eighty seven.

695
00:36:53,600 --> 00:36:55,880
Speaker 17: I think it existed for just a couple of years,

696
00:36:56,040 --> 00:36:58,520
Speaker 17: so it wasn't a left wing you know, sort of

697
00:36:59,239 --> 00:37:01,879
Speaker 17: a hateful left weeen bragg and so I'm over there

698
00:37:01,880 --> 00:37:04,160
Speaker 17: in the overnight. One of the overnight producers is like,

699
00:37:04,239 --> 00:37:08,239
Speaker 17: the national debt just crossed two trillion, two trillion. I'd

700
00:37:08,239 --> 00:37:10,920
Speaker 17: never really even heard about the national debt, didn't understand

701
00:37:10,920 --> 00:37:14,160
Speaker 17: the difference between debt and deficits, and that sort of

702
00:37:14,200 --> 00:37:16,920
Speaker 17: struck my interest to that point. And you can go

703
00:37:17,040 --> 00:37:19,480
Speaker 17: back and talk to my friends. Starting back in eighty

704
00:37:19,560 --> 00:37:23,439
Speaker 17: seven is when I started to get extremely upset about

705
00:37:23,520 --> 00:37:26,160
Speaker 17: this stuff because I was looking at you know, future

706
00:37:26,520 --> 00:37:29,400
Speaker 17: you know, unfunded mandates, the future money that was going

707
00:37:29,480 --> 00:37:31,560
Speaker 17: to have to be laid out. So it's been a draw.

708
00:37:31,680 --> 00:37:33,399
Speaker 17: You know, this has been a thing that's been going

709
00:37:33,440 --> 00:37:37,200
Speaker 17: on now for forty years for me. So, yeah, you

710
00:37:37,280 --> 00:37:40,000
Speaker 17: talked about Drudge, you and I in our various discussions,

711
00:37:40,040 --> 00:37:42,960
Speaker 17: and I know how tight you sort of obviously you

712
00:37:43,040 --> 00:37:46,000
Speaker 17: were with Andrew but as well with Drudge himself, and

713
00:37:46,640 --> 00:37:50,000
Speaker 17: you talked about the heyd heyday, you know, two to

714
00:37:50,040 --> 00:37:53,240
Speaker 17: sort of twenty ten, when when Drudge was really pushing

715
00:37:53,280 --> 00:37:55,520
Speaker 17: it out, and you know, and I was a reader

716
00:37:55,520 --> 00:37:57,560
Speaker 17: of that site, and I just always thought that there

717
00:37:57,600 --> 00:38:00,239
Speaker 17: needed to be an alternative. Not that Drudge was doing

718
00:38:00,280 --> 00:38:02,680
Speaker 17: it wrong, but just that he didn't do enough stories

719
00:38:02,719 --> 00:38:05,440
Speaker 17: in a day. You know, he would do fifty sixty.

720
00:38:05,520 --> 00:38:07,600
Speaker 17: Maybe back then he was doing closer to one hundred,

721
00:38:07,920 --> 00:38:10,120
Speaker 17: but you're correct in pointing out that he's not really

722
00:38:10,160 --> 00:38:13,280
Speaker 17: even trying anymore if he's still running the site, because

723
00:38:13,280 --> 00:38:17,080
Speaker 17: they're really just doing fifty fifty five sixty stories. So

724
00:38:17,160 --> 00:38:19,640
Speaker 17: I always thought there should be an alternative. I knew

725
00:38:19,680 --> 00:38:22,640
Speaker 17: it would, it would change my life. I mean, look,

726
00:38:22,680 --> 00:38:26,399
Speaker 17: this is four hundred and fifteen straight weekends that I'm

727
00:38:26,400 --> 00:38:29,360
Speaker 17: working this. It's the as you know, it was the

728
00:38:29,560 --> 00:38:33,759
Speaker 17: eighth anniversary of Citizen Free Price's launch just two days

729
00:38:33,760 --> 00:38:36,400
Speaker 17: ago on May first. It was May first, twenty seventeen,

730
00:38:36,880 --> 00:38:39,240
Speaker 17: So this is three thousand straight days. So I knew

731
00:38:39,239 --> 00:38:42,560
Speaker 17: that that once I started, that if the site became popular,

732
00:38:42,920 --> 00:38:45,239
Speaker 17: that I would never be able to stop, right, So

733
00:38:45,320 --> 00:38:47,600
Speaker 17: I put it off. I put it off a long time,

734
00:38:48,239 --> 00:38:51,200
Speaker 17: and I didn't actually to wrap this up. I didn't

735
00:38:51,239 --> 00:38:55,040
Speaker 17: actually wait for Trump, excuse me for Drudge to turn

736
00:38:55,080 --> 00:38:58,520
Speaker 17: on Trump as he started to in that March April

737
00:38:59,120 --> 00:39:02,719
Speaker 17: May period of twenty seventeen, when the Komi stuff was

738
00:39:02,760 --> 00:39:06,280
Speaker 17: first breaking, that was just when I happened to launch.

739
00:39:06,360 --> 00:39:09,200
Speaker 17: So I did not launch because Drudge turned against Trump

740
00:39:09,320 --> 00:39:10,880
Speaker 17: or turned against America.

741
00:39:10,920 --> 00:39:12,880
Speaker 6: First. I launched just because.

742
00:39:12,800 --> 00:39:14,799
Speaker 17: I think there needed I thought there needed to be

743
00:39:14,840 --> 00:39:17,319
Speaker 17: another side up with more links every day.

744
00:39:17,400 --> 00:39:20,640
Speaker 6: So that was the That is what led to May first.

745
00:39:22,440 --> 00:39:24,400
Speaker 6: I've got a lot more, but I'll let you interject.

746
00:39:24,520 --> 00:39:26,680
Speaker 11: Yeah, no, no, no, no, no, no, hang on, We're

747
00:39:26,680 --> 00:39:28,239
Speaker 11: gonna go to a commercial break. I'm gonna keep you

748
00:39:28,239 --> 00:39:29,480
Speaker 11: around for a while because I want to get to

749
00:39:30,360 --> 00:39:33,879
Speaker 11: for people to understand the site to stack and particularly

750
00:39:34,120 --> 00:39:37,280
Speaker 11: you do the best. You do the best pulling together

751
00:39:37,440 --> 00:39:40,560
Speaker 11: of different whether it's Financial Times, Wall Street Journal, New

752
00:39:40,600 --> 00:39:43,000
Speaker 11: York Times, all the great blogs out there, to talk

753
00:39:43,000 --> 00:39:47,759
Speaker 11: about really the underlying economic and financial crisis we have

754
00:39:48,200 --> 00:39:50,440
Speaker 11: this summer, the second hundred days. This is the speech

755
00:39:50,440 --> 00:39:54,240
Speaker 11: I just gave it. Cra We're gonna have the convergence

756
00:39:54,400 --> 00:39:57,959
Speaker 11: of multiple crises, both the kinetic part of the Third

757
00:39:58,000 --> 00:40:02,359
Speaker 11: World War coupled with this, the issue about Trump being

758
00:40:02,360 --> 00:40:06,560
Speaker 11: a commander in chief, the constitutional crisis on the deportations

759
00:40:06,880 --> 00:40:10,040
Speaker 11: coupled with this financial and economic crisis hangover a second game.

760
00:40:10,080 --> 00:40:13,399
Speaker 11: We're gonna take a short commercial break the situation down

761
00:40:13,480 --> 00:40:16,399
Speaker 11: in Texas. We're gonna start covering in details. Well we're

762
00:40:16,400 --> 00:40:17,800
Speaker 11: covered in detail, but I mean we're gonna have the

763
00:40:17,840 --> 00:40:21,759
Speaker 11: players on starting next week. There's something deeply wrong in

764
00:40:21,840 --> 00:40:23,920
Speaker 11: the state of Texas right now. It's a maga state.

765
00:40:24,880 --> 00:40:27,120
Speaker 11: The House has been taken over, a given by the

766
00:40:27,160 --> 00:40:30,279
Speaker 11: Rhinos to the Democrats, and they're passing some incredibly just

767
00:40:30,480 --> 00:40:34,279
Speaker 11: bizarro laws. Also, this question of what's going on with

768
00:40:34,400 --> 00:40:37,719
Speaker 11: these mosque and these Islamic centers. We're gonna get to

769
00:40:37,840 --> 00:40:40,000
Speaker 11: all of it. Got to break it down. Nine to

770
00:40:40,040 --> 00:40:42,759
Speaker 11: seven to two. Patriot Patriot Mobile, Glenn Sturry and the

771
00:40:42,800 --> 00:40:46,200
Speaker 11: team out of Tarrent County have helped turned around the state.

772
00:40:46,200 --> 00:40:48,319
Speaker 11: President Trump wanted a boy fourteen points. They've got the

773
00:40:48,400 --> 00:40:52,040
Speaker 11: best phone service in the country, full stop. Today's the

774
00:40:52,120 --> 00:40:54,759
Speaker 11: day you do the shift. Do the switch at nine

775
00:40:54,800 --> 00:40:57,080
Speaker 11: to seven to two Patriot Patriot Mobile.

776
00:40:59,120 --> 00:41:00,920
Speaker 12: Here's your host, Stephen K.

777
00:41:01,160 --> 00:41:01,359
Speaker 17: Bath.

778
00:41:02,760 --> 00:41:05,239
Speaker 11: Like I said, Glencring the team, make sure you check

779
00:41:05,239 --> 00:41:07,880
Speaker 11: out Patriot Mobile. You don't need to be convinced about

780
00:41:07,880 --> 00:41:11,719
Speaker 11: the company as one of the great alternative Patriot companies

781
00:41:12,080 --> 00:41:16,120
Speaker 11: in this alternative economy, because folks, I said this morning,

782
00:41:16,160 --> 00:41:19,600
Speaker 11: the breakfast in twenty eight if the radical Democrats steal it,

783
00:41:20,719 --> 00:41:22,520
Speaker 11: we allow them to steal it. And the deep state

784
00:41:22,560 --> 00:41:25,640
Speaker 11: has not been shattered. And I'm not crazy about the

785
00:41:25,719 --> 00:41:28,280
Speaker 11: trajectory on that where I love so much other stuff

786
00:41:28,280 --> 00:41:31,520
Speaker 11: it's going on. Let's be honest. MTG put that tweet

787
00:41:31,520 --> 00:41:33,680
Speaker 11: out and people should listen to MTG in this. I

788
00:41:33,760 --> 00:41:35,440
Speaker 11: think she spoke from the heart and she spoke for

789
00:41:35,440 --> 00:41:41,680
Speaker 11: a lot of people in the base about things. They're

790
00:41:41,680 --> 00:41:44,600
Speaker 11: coming hard. They're coming hard. That's why nine to seven

791
00:41:44,640 --> 00:41:48,560
Speaker 11: to two Patriot do this switch today to Patriot Mobile.

792
00:41:49,080 --> 00:41:52,000
Speaker 11: So I'm just doing some math here. Kine eighty seven

793
00:41:52,880 --> 00:41:56,439
Speaker 11: would make this. It was thirty years then, roughly from

794
00:41:56,480 --> 00:41:59,040
Speaker 11: that day as an intern when you found you heard

795
00:41:59,040 --> 00:42:02,080
Speaker 11: about this thing called the name debt to the day

796
00:42:02,239 --> 00:42:06,680
Speaker 11: really when you launched Citizens Free Press. About thirty years okay,

797
00:42:06,719 --> 00:42:09,600
Speaker 11: of you doing other things for eight years. Every day

798
00:42:09,680 --> 00:42:12,280
Speaker 11: you've worked this relentless. You're back to the old drudge

799
00:42:12,280 --> 00:42:14,880
Speaker 11: even pre Andrew right, So you're doing it. You're doing it.

800
00:42:14,960 --> 00:42:17,839
Speaker 11: Twenty four to seven. I want to make sure something

801
00:42:18,120 --> 00:42:21,680
Speaker 11: because the convergence abous this budget. But I would actually

802
00:42:21,840 --> 00:42:25,000
Speaker 11: argue in the reality of CNN at that time, and

803
00:42:25,040 --> 00:42:27,760
Speaker 11: the reason it resonated was not Bernie shar who's a

804
00:42:27,800 --> 00:42:33,399
Speaker 11: hardcore lefty, was Lou Dobbs, President Trump, the formation of

805
00:42:33,440 --> 00:42:37,200
Speaker 11: this movement. Lou Dobbs is the railhead of the guy

806
00:42:37,280 --> 00:42:41,600
Speaker 11: that was saying back then trade trade deficits, and the

807
00:42:41,640 --> 00:42:47,200
Speaker 11: focus was Japan because very quickly after the crash, you know,

808
00:42:47,760 --> 00:42:53,520
Speaker 11: Japan crashed right in the early nineties and never really

809
00:42:53,560 --> 00:42:56,480
Speaker 11: to recover although they've got massive trade deficits with US.

810
00:42:56,960 --> 00:42:59,719
Speaker 11: China took it over because the Bush Hunter in the

811
00:42:59,719 --> 00:43:02,480
Speaker 11: early nineties and the Clintons gave a most favored nation

812
00:43:02,880 --> 00:43:06,760
Speaker 11: in wto and really you know, pardoned with the Chinese

813
00:43:06,920 --> 00:43:10,560
Speaker 11: Commist Party. So as we're here today, we have for

814
00:43:10,680 --> 00:43:14,319
Speaker 11: a young man as an Intern, we had only two

815
00:43:14,360 --> 00:43:17,240
Speaker 11: train a debt, We had a very small trade deficit.

816
00:43:17,280 --> 00:43:19,640
Speaker 11: We had some but not not huge. We had a

817
00:43:19,719 --> 00:43:23,760
Speaker 11: pristine balance sheet. Basically we were a manufacturing hedgemond. Still

818
00:43:23,760 --> 00:43:25,720
Speaker 11: we were starting to lose it the eighties. You started

819
00:43:25,760 --> 00:43:29,840
Speaker 11: see losing it right seventies and eighties. But the catastrophe

820
00:43:30,360 --> 00:43:33,160
Speaker 11: before us as you went about did your wall steat trading?

821
00:43:33,400 --> 00:43:35,040
Speaker 11: Did it ever dawn on you as you were a

822
00:43:35,080 --> 00:43:39,040
Speaker 11: trader that the country was being gutted both by trade

823
00:43:39,280 --> 00:43:42,680
Speaker 11: and by the spending, because those are the double whammies

824
00:43:42,760 --> 00:43:45,960
Speaker 11: that have us in the frickin jammer in today, Sir.

825
00:43:47,560 --> 00:43:51,600
Speaker 17: Yeah, absolutely a dawn on me, dude, Ross Parole. I

826
00:43:51,640 --> 00:43:55,000
Speaker 17: mean I was one hundred percent on the Ross Perot train,

827
00:43:55,120 --> 00:43:57,239
Speaker 17: and not because I thought, you know, yeah, he was

828
00:43:57,280 --> 00:43:59,920
Speaker 17: talking about the national debt when Clinton and Bush weren't,

829
00:44:00,239 --> 00:44:02,279
Speaker 17: but he was also talking about was what was going

830
00:44:02,360 --> 00:44:05,200
Speaker 17: to happen to the jobs and the giants sucking sound obviously,

831
00:44:05,600 --> 00:44:08,080
Speaker 17: So I saw that coming and I didn't buy it

832
00:44:08,160 --> 00:44:09,080
Speaker 17: even at the time.

833
00:44:09,600 --> 00:44:10,680
Speaker 6: I didn't really.

834
00:44:10,680 --> 00:44:14,080
Speaker 17: Buy the drink the kool aid that the cheap textile

835
00:44:14,200 --> 00:44:17,080
Speaker 17: jobs would go overseas and go to Mexico and you know,

836
00:44:17,160 --> 00:44:19,759
Speaker 17: the higher wage jobs would come back so quickly and

837
00:44:19,800 --> 00:44:22,799
Speaker 17: so easily, and they obviously hasn't in proros proved to

838
00:44:22,880 --> 00:44:23,320
Speaker 17: be correct.

839
00:44:23,400 --> 00:44:24,279
Speaker 6: So yeah, I saw it.

840
00:44:24,600 --> 00:44:26,759
Speaker 17: But yeah, Ben, I want to really get into this

841
00:44:26,920 --> 00:44:29,200
Speaker 17: budget stuff because you talked about it.

842
00:44:29,280 --> 00:44:30,680
Speaker 6: Look, you played MSNBC.

843
00:44:30,840 --> 00:44:33,320
Speaker 17: These guys are freaking out about one hundred and sixty

844
00:44:33,360 --> 00:44:37,839
Speaker 17: three billion in cuts to non discretionary, non defense discretionary. Right,

845
00:44:38,080 --> 00:44:40,160
Speaker 17: that was like seven hundred and fifty million in the

846
00:44:40,160 --> 00:44:43,080
Speaker 17: previous budget and last year's fiscal year budget, and we're

847
00:44:43,120 --> 00:44:45,719
Speaker 17: cutting it down to the five hundred and eighty million range.

848
00:44:45,840 --> 00:44:48,520
Speaker 17: And they're freaking out because these are all the programs

849
00:44:48,560 --> 00:44:50,680
Speaker 17: they don't they'd love. They don't want a twenty three

850
00:44:50,680 --> 00:44:53,120
Speaker 17: percent cut in any they don't want a two percent

851
00:44:53,160 --> 00:44:56,399
Speaker 17: cut in any of it. But you know, getting into

852
00:44:56,440 --> 00:44:59,359
Speaker 17: why I was upset yesterday and why every time there's

853
00:44:59,360 --> 00:45:02,120
Speaker 17: something about the budget, why I break it down, is

854
00:45:02,200 --> 00:45:05,440
Speaker 17: this all I'm looking for, a Bannon, is a path

855
00:45:05,480 --> 00:45:08,720
Speaker 17: to a balance budget. And I understand that Trump didn't

856
00:45:08,760 --> 00:45:12,080
Speaker 17: talk a huge amount in this campaign season about the

857
00:45:12,160 --> 00:45:14,880
Speaker 17: national debt, but it's an understood thing you and I

858
00:45:14,960 --> 00:45:17,920
Speaker 17: both realize and others as well, the importance of it.

859
00:45:18,120 --> 00:45:20,040
Speaker 6: So I was sort of hoping that in four.

860
00:45:19,960 --> 00:45:23,000
Speaker 17: Years we could knock this thing down six hundred billion

861
00:45:23,000 --> 00:45:25,640
Speaker 17: a year and get the deficit back, you know, by

862
00:45:25,680 --> 00:45:29,480
Speaker 17: twenty twenty eight, approaching that zero mark, right, because the

863
00:45:29,520 --> 00:45:32,759
Speaker 17: whole point what people need to understand about the deficit,

864
00:45:33,080 --> 00:45:36,839
Speaker 17: and obviously, in the accumulation of the annual deficits being

865
00:45:36,880 --> 00:45:37,719
Speaker 17: the national debt.

866
00:45:37,880 --> 00:45:40,799
Speaker 6: What they don't understand is interest on the national debt.

867
00:45:41,000 --> 00:45:41,520
Speaker 6: I gave some.

868
00:45:41,600 --> 00:45:44,320
Speaker 13: Charge to your producer before the show today to show

869
00:45:44,719 --> 00:45:47,239
Speaker 13: how interest has really gone from the sort of three

870
00:45:47,280 --> 00:45:50,920
Speaker 13: hundred billion a year range to this year, this fiscal year,

871
00:45:50,920 --> 00:45:53,000
Speaker 13: we're only halfway through it and we're at.

872
00:45:52,880 --> 00:45:55,440
Speaker 6: Five hundred and eighty two billion. You see it right there.

873
00:45:55,800 --> 00:45:58,879
Speaker 17: So on thirty seven trillion in national debt, if you're

874
00:45:59,040 --> 00:46:01,200
Speaker 17: if you're having to find answered at three point two

875
00:46:01,280 --> 00:46:04,520
Speaker 17: eighty four percent, it's gonna cost one point one trillion.

876
00:46:04,800 --> 00:46:08,279
Speaker 17: So that's gonna make it the single largest non discretionary

877
00:46:08,400 --> 00:46:09,280
Speaker 17: item in the budget.

878
00:46:09,360 --> 00:46:12,240
Speaker 6: It's gonna be larger than defense. We heard yesterday.

879
00:46:12,239 --> 00:46:15,120
Speaker 17: Defense is likely to be one point zero one trillion,

880
00:46:15,560 --> 00:46:17,520
Speaker 17: and interest on the debt at one point one.

881
00:46:17,719 --> 00:46:18,719
Speaker 6: So why does this matter?

882
00:46:18,800 --> 00:46:21,600
Speaker 17: Think about it, people, We only bring in five trillion,

883
00:46:21,640 --> 00:46:24,719
Speaker 17: about five point one trillion in total federal revenues, right

884
00:46:24,880 --> 00:46:28,000
Speaker 17: we're spending seven point five We're bringing in five point

885
00:46:28,000 --> 00:46:30,799
Speaker 17: one and one point one of it is interest on

886
00:46:30,880 --> 00:46:34,640
Speaker 17: the debt. That's twenty percent of our total federal revenues

887
00:46:34,840 --> 00:46:36,160
Speaker 17: that we're having to spend on.

888
00:46:36,160 --> 00:46:39,600
Speaker 6: The monthly visa bill just to keep it from going up.

889
00:46:39,800 --> 00:46:42,320
Speaker 17: And I'll quickly say, you know, when I put links

890
00:46:42,320 --> 00:46:44,839
Speaker 17: in the stack, like, look at the national debt four

891
00:46:44,920 --> 00:46:47,759
Speaker 17: years from now, right this day, in twenty twenty nine,

892
00:46:47,800 --> 00:46:50,400
Speaker 17: at forty seven trillion. First of all, we're gonna be

893
00:46:50,480 --> 00:46:53,600
Speaker 17: lucky if it's at forty seven trillion. It's very possible

894
00:46:53,640 --> 00:46:55,799
Speaker 17: that it's going to be closer to fifty trillion. And

895
00:46:55,840 --> 00:46:59,040
Speaker 17: the point is the financing cost on fifty trillion at

896
00:46:59,120 --> 00:47:03,720
Speaker 17: three point two four percent, that's one point six trillion

897
00:47:03,840 --> 00:47:05,760
Speaker 17: dollars in interest payments.

898
00:47:06,239 --> 00:47:08,000
Speaker 6: You know, I've always I've been I've been.

899
00:47:07,880 --> 00:47:10,520
Speaker 17: Worried about this for thirty years, right, wondering what's the

900
00:47:10,560 --> 00:47:13,120
Speaker 17: breaking point. Well, the breaking point is the bond market.

901
00:47:13,120 --> 00:47:15,080
Speaker 17: You and I both realized. We saw what happened three

902
00:47:15,080 --> 00:47:17,600
Speaker 17: weeks ago when the bond market kind of did a

903
00:47:17,640 --> 00:47:20,000
Speaker 17: few wiggles and waggles when it wasn't when it was

904
00:47:20,040 --> 00:47:22,200
Speaker 17: a little bit worried about this Republican budget.

905
00:47:23,000 --> 00:47:23,640
Speaker 6: That's the point.

906
00:47:23,719 --> 00:47:26,359
Speaker 17: When the bond market goes, when it decides that it

907
00:47:26,400 --> 00:47:30,040
Speaker 17: needs one percent more or two percent more on every

908
00:47:30,120 --> 00:47:32,840
Speaker 17: you know, every length of treasury, then we can no

909
00:47:32,920 --> 00:47:34,040
Speaker 17: longer finance our debt.

910
00:47:34,080 --> 00:47:37,200
Speaker 6: As people have said, how do countries go bankrupt? Very

911
00:47:37,320 --> 00:47:39,240
Speaker 6: very slowly and then all.

912
00:47:39,080 --> 00:47:41,600
Speaker 17: Of a sudden, all it really takes is for the

913
00:47:41,640 --> 00:47:44,600
Speaker 17: bond market to give up on US treasuries. And my

914
00:47:44,920 --> 00:47:46,880
Speaker 17: you know, the reason I'm screaming right now, and the

915
00:47:46,920 --> 00:47:50,040
Speaker 17: reason I'm screaming all over the website is we're finally

916
00:47:50,120 --> 00:47:53,400
Speaker 17: getting close to that choking point ban it. We're getting

917
00:47:53,480 --> 00:47:55,680
Speaker 17: close to the point where interest on the debt is

918
00:47:55,800 --> 00:47:59,160
Speaker 17: so large it takes such a percentage of our federal

919
00:47:59,200 --> 00:48:02,520
Speaker 17: revenues rate that we can no longer spend on anything.

920
00:48:02,719 --> 00:48:05,439
Speaker 17: And so that's why I'm sounding the alarm now because

921
00:48:05,480 --> 00:48:08,040
Speaker 17: I would look rather than Trump, you know, putting on

922
00:48:08,360 --> 00:48:10,960
Speaker 17: ten or eleven trillion, just like Biden did. And I'm

923
00:48:10,960 --> 00:48:13,959
Speaker 17: not just blaming Trump, and Trump's numbers were much lower,

924
00:48:14,000 --> 00:48:17,480
Speaker 17: by the way, before COVID. Before COVID, Trump had gotten

925
00:48:17,600 --> 00:48:21,359
Speaker 17: the the Obama annual deficits down from like the one

926
00:48:21,360 --> 00:48:24,160
Speaker 17: point eight trillion range down closer to a trillion, So

927
00:48:24,239 --> 00:48:25,560
Speaker 17: he was making progress.

928
00:48:25,719 --> 00:48:27,200
Speaker 6: So I'm not putting this on Trump.

929
00:48:27,280 --> 00:48:30,719
Speaker 17: And I understand how this is all politically difficult to do.

930
00:48:30,800 --> 00:48:33,560
Speaker 17: These are actual cuts, but the point is if we

931
00:48:33,680 --> 00:48:36,960
Speaker 17: let it get to fifty trillion or forty seven trillion,

932
00:48:37,160 --> 00:48:39,920
Speaker 17: the interest on that is going to be almost insurmountable.

933
00:48:40,000 --> 00:48:42,479
Speaker 6: So that's why I'm raising the alarm out and I.

934
00:48:42,440 --> 00:48:45,520
Speaker 11: Feel like, hang on one second, Hang on one second,

935
00:48:45,600 --> 00:48:48,120
Speaker 11: hang one second. We'll take you through a break. The

936
00:48:48,160 --> 00:48:50,759
Speaker 11: great Kine, citizen Kane, is with us, and I got

937
00:48:50,800 --> 00:48:54,479
Speaker 11: one more bombshell to drop coming out of Japan. All

938
00:48:54,520 --> 00:48:56,000
Speaker 11: next in the word