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Speaker 1: Are we gonna finally get some peace between Russia and Ukraine.

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Speaker 1: We'll talk about that. I'll make a prediction. Did Adam

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Speaker 1: Schiff commit espionage? Sean Davis joins us, Carol Roth joins

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Speaker 1: us of all kinds of economic numbers, all that and

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Speaker 1: more coming up, And I'm right, Okay, let's talk a

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Speaker 1: little bit of foreign policy, which we don't do a

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Speaker 1: lot of on the show. As you know, I'm the

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Speaker 1: ugliest of ugly American. We will talk when things matter overseas.

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Speaker 1: But I care about my country. That's what I care about.

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Speaker 1: I don't focus anywhere else but gear. But we are involved.

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Speaker 1: We're involved with this Russia Ukraine mess. That wasn't your choice.

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Speaker 1: It certainly wasn't my choice. Don't know why we chose

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Speaker 1: to do it, but we are involved. Whove been heaping

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Speaker 1: weapons onto the Ukrainians. When Joe Biden was president, he

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Speaker 1: would publish we brag about the fact that we're sending

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Speaker 1: them all kinds of stuff. Mention McConnell wants. We're involved.

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Speaker 1: Whether you want us to be or whether I want

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Speaker 1: us to be, we are involved. And Trump has a

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Speaker 1: meeting upcoming with Vladimir Putin before before we get to that,

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Speaker 1: Trump's comments and everything else, Let's talk about life a

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Speaker 1: little bit. We give you a little bit of advice,

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Speaker 1: and those who have made this mistake are going to

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Speaker 1: nod their head, and those who haven't probably think I'm crazy,

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Speaker 1: But I'm going to give you a critical, critical piece

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Speaker 1: of advice for your life. At some point in time,

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Speaker 1: you are going to have somebody close to you getting

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Speaker 1: a divorce, marriage is breaking up. Maybe it's your sister,

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Speaker 1: maybe your brother, Maybe it's your parents, Maybe it's your neighbor,

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Speaker 1: maybe your cousin. I don't know. At some point in

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Speaker 1: your life, just the percentage of say it, someone in

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Speaker 1: your life you are close to is going to want

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Speaker 1: a divorce, try to get it worse. And in that moment,

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Speaker 1: because you're a good person, you are going to want

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Speaker 1: to do the thing so many people want to do.

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Speaker 1: Step in, step in and fix it. Hey, let's have

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Speaker 1: dinner together. Now, let's go out. No she's not that

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Speaker 1: bad of the take her back. No he's not that bad. Listen,

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Speaker 1: there's just a misunderstanding it. You are going to want

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Speaker 1: to get involved. I have seen this so many times

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Speaker 1: in my life, and one hundred percent of the time

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Speaker 1: not ninety nine, not ninety eight, not fifty one hundred

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Speaker 1: percent of the time. It goes so so poorly for

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Speaker 1: the person who tries to get involved, because what happens

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Speaker 1: is in a marriage when it breaks up, sadly, there's

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Speaker 1: all this personal animosity, all this history, all this bad

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Speaker 1: blood bitterness inside, and you step in try to fix it.

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Speaker 1: You don't fix it, you get burned, You get sucked

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Speaker 1: into it, and you get burned. That's how it works

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Speaker 1: every single time. Stay out of it, pray for them,

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Speaker 1: and let it go. This is this was what I

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Speaker 1: just said was the United States of America's foreign policy

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Speaker 1: since our founding, not our problem, stay out of it,

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Speaker 1: not our problem. Up, but France and Britain are fighting again,

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Speaker 1: not our problem. There's a war in Africa, what a shock?

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Speaker 1: Not our problem. They're fighting, not our problem. Why because

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Speaker 1: the founders knew George Washington. Go read George Washington's farewell address.

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Speaker 1: He addressed this specifically. He knew when you try to

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Speaker 1: stick your nose and other people's fights, other people's problems,

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Speaker 1: you don't solve them, and you get burned. Of this region, Russia,

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Speaker 1: Ukraine is long. I could sit here and do an

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Speaker 1: hour long history rant on the Crimean war, but I

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Speaker 1: wouldn't want to bore you to death. That was roughly

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Speaker 1: the time of our Civil War, where there were all

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Speaker 1: the brands, the Russians ever fighting over this exact piece

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Speaker 1: of ground for this exact reason, the warm water port,

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Speaker 1: the resources to everything else. We could talk about Joseph

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Speaker 1: Stalin's starving millions of Ukrainians to death. That this marriage,

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Speaker 1: the whole Russia Ukrainian marriage, is full of more fights

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Speaker 1: and bitterness and knockdown dragouts, and someone had to call

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Speaker 1: the cops than you can possibly imagine. Now, fast forward

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Speaker 1: to the year of our Lord twenty twenty five, and

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Speaker 1: of course they're fighting again. They're killing each other again.

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Speaker 1: It's all ugly, it's all terrible, and the United States

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Speaker 1: of America wants to stop it. Donald Trump, to his credit,

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Speaker 1: to his credit, I should point out, just like you,

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Speaker 1: the reason you stepped in when your sister was getting

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Speaker 1: a divorce. You're a good person. You want the to stop,

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Speaker 1: you want gilding there, you want to stop it. It's

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Speaker 1: a mistake. It was Trump talking about the coming meeting

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Speaker 1: with Putin.

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Speaker 2: This is really a feel out meeting, A little bit

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Speaker 2: and President Putin invited me to get involved. He wants

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Speaker 2: to get involved. I think I believe he wants to

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Speaker 2: get it over with. Now I've said that a few

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Speaker 2: times then I've been disappointed. The money that's been spent

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Speaker 2: and the death is incredible. It's the worst thing that's happened,

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Speaker 2: by far, the worst that's happened since World War Two.

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Speaker 2: So I'm going in to speak to Vladimir Putin and

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Speaker 2: I'm going to be telling him you gotta end this war,

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Speaker 2: you got to end it. Well, We're going to have

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Speaker 2: a meeting with Vladimir Putin, and at the end of

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Speaker 2: that meeting, probably in the first two minutes, I'll know

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Speaker 2: exactly whether or not a deal can be waiting, because

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Speaker 2: that's what I do. I make deals.

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Speaker 1: It's a good man LEAs. I understand the man has

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Speaker 1: his flaws like all of us, but they really don't

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Speaker 1: want peace. He wants the fighting to stop. He wants

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Speaker 1: to dying to stop. You don't want your sister to

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Speaker 1: get a divorce, let's have let's have a meeting. But

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Speaker 1: when you sit down with your sister and you tell her, well,

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Speaker 1: look think about the kids. Look, you don't want to

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Speaker 1: split up the family, the incombat. Who's going to get

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Speaker 1: the house. It's going to go with her the same way.

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Speaker 1: Well Trump knows it's going to go with Zelenski.

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Speaker 2: I was a little bothered by the fact that Zelenski

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Speaker 2: was saying, well, I have to get constitutional approve. I mean,

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Speaker 2: he's got approval to go into war and kill everybody,

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Speaker 2: but he needs approval to do a land swap because

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Speaker 2: there'll be some land swapping going on. I know that

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Speaker 2: through Russia and through conversations with everybody. To the good

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Speaker 2: for the good of Ukraine, good stuff, not bad stuff,

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Speaker 2: also some bad stuff for both says good and it

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Speaker 2: is bad. Russia's occupied a big portion of Ukraine. They've

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Speaker 2: occupied some very prime territory. We're going to try and

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Speaker 2: get some of that territory back for Ukraine now and

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Speaker 2: say good luck, and that'll be the end. I may say,

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Speaker 2: this is not going to be settled.

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Speaker 1: I know what he wants, I know why he wants it.

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Speaker 1: It's not gonna work. Look, I hope it does. Actually,

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Speaker 1: there's nobody better at brokering peace deals than Donald Trump.

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Speaker 1: But I think this is one of those situations where

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Speaker 1: we need to stay out. We should have stayed out

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Speaker 1: from the very beginning. Sad as it may be, Ukraine

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Speaker 1: is not a NATO country. We had no obligation to

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Speaker 1: go in. Russia could have taken what they'd taken without

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Speaker 1: close to this amount of loss of life, and this

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Speaker 1: thing would have been over a long time ago. But

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Speaker 1: instead these nutball communists had to step in. Joe Biden

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Speaker 1: and all the dirty CIA communists all around him wanted

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Speaker 1: a whole bunch of people to die, didn't care the

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Speaker 1: military industrial complex cheering it on. And that's another aspect

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Speaker 1: of stepping into this divorce. We're stepping in to get

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Speaker 1: our sister. We're stepping in to make sure she doesn't

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Speaker 1: get a divorced all while people are stating on the

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Speaker 1: sidelines cheering divorce, divorce, divorce, divorce, divorced, people like John Bolton.

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Speaker 3: What do you make of the fact that Putin has

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Speaker 3: now been invited to Alaska.

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Speaker 4: Well, it's very gracious of Putin to come to former

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Speaker 4: Russian America for the summit. This is not quite as

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Speaker 4: bad as Trump inviting the Taliban to Camp David to

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Speaker 4: talk about the peace negotiations in Afghanistan, but it certainly

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Speaker 4: reminds one of that The only better place for Putin

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Speaker 4: than Alaska would be if the summit were being held

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Speaker 4: in Moscow. So the initial setup, I think is a

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Speaker 4: great victory for Putin. He's a rogue leader of a

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Speaker 4: pariah state and he's going to be welcomed into the

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Speaker 4: United States. Second, I have a feeling this is sliding

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Speaker 4: very quickly in Russia's direction. I have to say, from

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Speaker 4: the strategic perspective, from the US interest perspective, this was

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Speaker 4: not a good day.

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Speaker 1: These people are monsters and they want this thing to

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Speaker 1: continue forever. John Bolten and his stupid mustache would sit

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Speaker 1: there and watch every single Ukrainian die and go to

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Speaker 1: sleep every single night thinking he's the good guy. And

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Speaker 1: by the way, Vladimir Putin, yeah, he's the total piece

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Speaker 1: of crab, complete murderer. I get all that he's not

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Speaker 1: a rogue leader. Why do they say that he's the

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Speaker 1: leader of Russia, one of the most powerful countries on Earth.

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Speaker 1: He's the leader. He's, by the way, a fairly popular

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Speaker 1: leader in the country that holds the most nuclear weapons

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Speaker 1: on the planet. He's not some tinpot dictator in the

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Speaker 1: Middle East somewhere. He is the leader of Russia. You

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Speaker 1: can hate that all you want, but he is. This

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Speaker 1: is our crappy situation. We continue to stick our nose

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Speaker 1: in this situation and it continues to go poorly for us.

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Speaker 1: Let's hope next week I'm sitting here and saying, Wow,

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Speaker 1: that was wrong. We did it. Peace at last. I

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Speaker 1: pray to God that's coming, but hasn't happened yet. All

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Speaker 1: that may have made you uncomfortable, but I am right.

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Speaker 1: Adam shift speaking of making you uncomfortable, it's probably squirming

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Speaker 1: in his chair right now. You can just see that

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Speaker 1: Bible ahead of his going back and forth because I

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Speaker 1: think maybe, just maybe he might end up in prison. Oh,

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Speaker 1: he's in deep trouble. We'll talk to Sean Davis about

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Speaker 1: that next. Before we talk to Sean Davis about that,

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Speaker 1: let me talk to you about your mood. Have you

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Speaker 1: noticed as you've gotten older that you get down more

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Speaker 1: almost without explanation. I'm not talking about watching Rudy or

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Speaker 1: old Yeller. I'm talking about just kind of melancholy without explanation.

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Speaker 1: That's because your levels are off. And today here's what

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Speaker 1: we do. We go looking for answers, and we find

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Speaker 1: a clinic. Every there's a clinic on every corner. Now, hey,

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Speaker 1: come on, come on in. Inject you with this. You'll

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Speaker 1: feel better. You think that's what you need injections or

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Speaker 1: do you think natural herbal supplements might be the better route.

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Speaker 1: Try Chalk. Just try Chalk for ninety days anything. Try

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Speaker 1: Have your t levels jack through the roof. Try your

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Speaker 1: female vitality stack. If you're a lady, just try some

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Speaker 1: natural herbal supplements from Chalk. Give it ninety days. It

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Speaker 1: doesn't work, go down to that clinic. Try it. Chalk

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Speaker 1: dot com slash Jesse TV gets you a big old

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Speaker 1: fat discount. We'll be back. Did Adam Shift leak classified

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Speaker 1: intel about Donald Trump? I mean, let's be honest, we

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Speaker 1: don't have to ask stupid questions. Of course he did.

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Speaker 1: But I think maybe we have somebody who's going to

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Speaker 1: testify to the fact. At least John Solomon, just the

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Speaker 1: News says that's the case. Joining me now, someone who

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Speaker 1: knows all kinds of details. He knows where all the

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Speaker 1: bodies have buried have been buried. He's been talking about

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Speaker 1: it forever. My buddy Sean Davis with the Federalist Sorry,

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Speaker 1: CEO and co founder of the Federalist Sean. That's a crime, right, It.

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Speaker 5: Used to be, well, it's a crime if you're a

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Speaker 5: Republican to do things if you leak classified information in

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Speaker 5: your Democrat. Apparently it's not.

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Speaker 1: Yeah, apparently it's not. So okay. First, let's dig into

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Speaker 1: exactly that, sean before we get into the specific Adam

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Speaker 1: Schiff stuff. Why is it that way? Why is it

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Speaker 1: Republicans burn in the government and Democrats don't burn in

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Speaker 1: the government. What has created that horrible environment?

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Speaker 5: It's a great question. I think there's probably two factors there.

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Speaker 5: The first is that generally the left has taken over

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Speaker 5: every major institution of power, whether it's corporate America or academia,

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Speaker 5: or law enforcement and intelligence at the federal level. So

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Speaker 5: that was very much the case until recently when Trump

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Speaker 5: was reelected and started doing Black Fridays and Black Mondays

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Speaker 5: every other week to get rid of dead weight. And

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Speaker 5: then I think the other issue is that until recently,

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Speaker 5: the right generally thought that it was bad to use

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Speaker 5: its political power. The left never had a problem with it.

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Speaker 5: So when the left got in power, it used all

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Speaker 5: its little people in the institutions to destroy its enemies,

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Speaker 5: and so they played for keeps and they played to win.

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Speaker 5: And I think Republicans are now finally waking up to

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Speaker 5: the reality is that you cannot win a political battle

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Speaker 5: if you don't choose to use political power whenever you

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Speaker 5: have it.

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Speaker 1: Okay, So that brings us to Adams shift. I remember

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Speaker 1: or Adam Shiff got a pardon from Joe Biden, big

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Speaker 1: old air fingers quote there, because I think we all

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Speaker 1: know that drooling dementia pation didn't pardon anybody, but he

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Speaker 1: did get a pardon of some kind. Someone signed the

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Speaker 1: freaking pardon. Is he freeing clear on all this stuff?

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Speaker 5: No, he's not. So I think there's two reasons probably

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Speaker 5: he's not. The main one is that that pardon, even

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Speaker 5: assuming it's valid, assuming that Biden signed it, was only

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Speaker 5: related to his work I believe on the J six

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Speaker 5: Committee and his JAY six nonsense. I don't believe it

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Speaker 5: extended at all to what he was doing with his

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Speaker 5: Russia collusion hoax, conspiracy and then number two. In order

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Speaker 5: for a pardon to be valid, you actually have to

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Speaker 5: accept it. My recollection was that Adam Shiff said he

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Speaker 5: didn't need it, or he rejected it. But either way,

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Speaker 5: I don't think that pardon covers him at all for

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Speaker 5: crimes he may have committed while he was running and

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Speaker 5: may still be running the Russia collusion oaks.

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Speaker 1: Okay, Ed Martin, I love the guy. What's he doing

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Speaker 1: right now?

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Speaker 5: What there are He's running the weaponization task Force within

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Speaker 5: DJ and I believe he was also just tapped by

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Speaker 5: the Attorney General to be a special counsel looking at

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Speaker 5: mortgage fraud allegedly by Letitia James, the age who went

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Speaker 5: after Trump on non existent paperwork crimes and after Adam Shiff,

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Speaker 5: because it appears, at least if you listen to the

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Speaker 5: HUD Secretary Bill Poulti, it certainly looks like Adam Shiff

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Speaker 5: may have committed mortgage fraud by claiming as a primary

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Speaker 5: resident to a place that was not his primary residence.

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Speaker 1: Okay, So look, when people hear mortgage fraud, sean that

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Speaker 1: they don't hear high crimes and misdemeanors, right, they don't

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Speaker 1: think prison time. But how series of a crime is this?

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Speaker 5: Well, paperwork crime, which is what James accused and got

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Speaker 5: Trump convicted of in New York. She was saying he

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Speaker 5: was putting down fraudulent appraisals for mar A Lago, that

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Speaker 5: he wasn't using the tax appraisal that the county had,

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Speaker 5: which everyone knows is only for tax purposes, not for

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Speaker 5: total value purposes, and that he overstated his Marologo value

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Speaker 5: so he could get loans using it as collateral. So

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Speaker 5: on the terms that she has created under her rules,

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Speaker 5: this is a very very serious, serious crime that she

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Speaker 5: and Schiff may have committed. And I think the way

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Speaker 5: the right needs to look at things now is that

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Speaker 5: you have to go after the left as good as

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Speaker 5: hard as they went after you. I wanted a different

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Speaker 5: set of rules. I wanted the actual rule of law

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Speaker 5: and push for that for a long time. Our side lost.

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Speaker 5: The other side decided they were going to put their

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Speaker 5: opponents in prison. Those are the rules we have now,

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Speaker 5: So those are the rules they're going to get to

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Speaker 5: play by.

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Speaker 1: Okay. Jd. Evans came out recently and he said he

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Speaker 1: thinks we're going to see indictments, real indictments. In fact,

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Speaker 1: he said, I believe it was a lot of indictments. Now,

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Speaker 1: I'm a cynical, is anybody, But when the vice president

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Speaker 1: is saying that that sure is dumping quite a hot

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Speaker 1: potato in the lap of the Attorney general unless he

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Speaker 1: knows some of these things are coming, John, Are we

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Speaker 1: gonna see government people go to prison?

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Speaker 5: I hope so, although I'll tell you I'm getting tired

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Speaker 5: of being, you know, Charlie with the football, trying to

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Speaker 5: kick it and then Lucy pulls it away, which is

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Speaker 5: what the last like eight years have felt like. So

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Speaker 5: I don't want to get too ahead of myself, but

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Speaker 5: I will say this time feels different. The facts we're

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Speaker 5: getting are different, the transparency we're getting is different. And

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Speaker 5: we have a very different Trump and a very different

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Speaker 5: Trump administration in office now than we did the first time.

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Speaker 5: And I don't think they're messing around. You know, the

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Speaker 5: FBI was sent to rifle through his house, to rifle

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Speaker 5: through his wife's underwear drawer. They denied him security that

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Speaker 5: led him to getting shot in the head. They tried

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Speaker 5: to make him die in prison and bankrupt him. I

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Speaker 5: don't think he's playing around anymore, and I don't think

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Speaker 5: the people working for him are playing around. And so

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Speaker 5: to me, it feels different. It feels like something is

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Speaker 5: coming and people are going to get indicted and hopefully

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Speaker 5: convicted for their crimes.

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Speaker 1: Let's hope so Sean, Thank you, buddy, I appreciate it.

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Speaker 5: Thank you, sir.

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Speaker 1: We're gonna talk to Julio Rosas about DC and what's

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Speaker 1: happening there. Before we talk to Julio. Look, I know

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Speaker 1: sometimes work can be stressful, all right, Things don't go

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Speaker 1: well at work and you just want to punch something

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Speaker 1: because it's so frustrating. Have you ever been there? Me too,

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Speaker 1: So that's why you need some dream powder from being

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Speaker 1: you see, dream powder will put you to sleep at night,

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Speaker 1: but not with drugs. One hundred percent drug free. You see,

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Speaker 1: dream powder is a cup of hot chocolate with just

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Speaker 1: natural things in it like raysiet and melotonin and magnes

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Speaker 1: of all these things in it. I sip on a

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Speaker 1: cup of hot chocolate like tonight. Tonight, I'm gonna sit down,

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Speaker 1: blood pressure is gonna be up. I'm gonna have a

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Speaker 1: cup of hot chocolate, Gonna put me right to sleep,

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Speaker 1: and I'll wake up feeling good. That's the difference with

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Speaker 1: Beam shopbeam dot com Slash Jesse Kelly, We'll be back.

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Speaker 3: And it just as we go to break I should

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Speaker 3: note that the most violent moment in recent history in

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Speaker 3: DC was January sixth, and it was an attack on

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Speaker 3: the United States Capital by a lot of people who

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Speaker 3: were doing it in the name of Donald Trump, and

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Speaker 3: it included the people who were hurt, included members of

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Speaker 3: law enforcement.

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Speaker 1: I love that network. Joining me now my buddy Julio

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Speaker 1: rosas national correspondent with another network. I love the Blaze,

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Speaker 1: the United States Marine Julio. I know these muggings and

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Speaker 1: shootings and whatnot are dangerous, but they're nothing compared to

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Speaker 1: January sixth.

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Speaker 6: Yeah, and well, so once she's wrong, And I noted

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Speaker 6: that when I posted that clip.

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Speaker 7: I mean I literally wrote the book on it. You

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Speaker 7: see it over my shoulder.

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Speaker 6: But I mean setting aside the fact that the DLM

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Speaker 6: riots in DC in particular lasted for a lot longer

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Speaker 6: than January sixth, and the damage inflicted was on everybody,

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Speaker 6: not just not just Congress, and the effects of those

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Speaker 6: riots and protests are still being effect today, which is

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Speaker 6: why we're talking about this current National Guard activation. But

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Speaker 6: what I find very interesting is that the Democrats who

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Speaker 6: are now criticizing this National Guard deployment by President Trump

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Speaker 6: had zero issue with keeping the guardsmen for January sixth.

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Speaker 6: For months long after there was any sort of threat

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Speaker 6: to the Capitol building. I mean the threat basically ended

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Speaker 6: after on January seventh, Right, and so now all of

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Speaker 6: a sudden when they're you know, the President wants to

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Speaker 6: use the National Guard to help protect citizens, you know,

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Speaker 6: the citizens and the residents and the tourists who are

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Speaker 6: now coming to the Capitol.

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Speaker 7: Oh, all of a sudden, Oh that's too much. Oh,

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Speaker 7: all of a sudden.

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Speaker 6: That's that's you know, that authoritarianism, This is fascism. And

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Speaker 6: so it's just you know, highlighting how when it comes

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Speaker 6: to protecting the elites of this country, no expense is spared.

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Speaker 6: But when it comes to protecting the taxpayer attacking private citizens,

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Speaker 6: well no, no, we can't. We can't do that because

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Speaker 6: that's racist or that's fascist in nature.

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Speaker 1: Well, leoh, you've spent a lot more time on the

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Speaker 1: streets of DC than I have. By the grace of God,

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Speaker 1: I hate that dump. But you're dracked there a lot.

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Speaker 6: How bad is it, Well, it hasn't returned to pre

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Speaker 6: twenty twenty levels in terms of the crime rate. I

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Speaker 6: moved to the DC area back in twenty seventeen. I

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Speaker 6: lived in DC, Maryland, and Virginia during that six year period,

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Speaker 6: and there was a noticeable shift in terms of public

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Speaker 6: safety after twenty twenty because of the effects of the pandemic.

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Speaker 6: And then, of course, like I was saying, the DLMS

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Speaker 6: upon the police movement, and so it's certainly not as

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Speaker 6: safe as one as it could be, but also one

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Speaker 6: as it should be. Right, I mean, the fact that

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Speaker 6: Mexico City is safer than Washington, d C. The fact

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Speaker 6: that Bogota, Colombia is safer than DC, I mean, that's

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Speaker 6: a stain on us, right that that shows that one,

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Speaker 6: it's a policy choice because even if a cartel ravage

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Speaker 6: country like Mexico Colombia can get at least their capital.

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Speaker 7: Safe for its citizens, why can't we do that? Why

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Speaker 7: why do we have to.

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Speaker 6: Be concerned about all these other places around the world.

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Speaker 6: But you know, the place that represents one of the

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Speaker 6: places that represents the country, our capital that needs to

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Speaker 6: be let in disarray for a variety of reasons. I

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Speaker 6: mean that that that doesn't compute with me, and it

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Speaker 6: doesn't compete with a lot of American citizens, especially now

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Speaker 6: when we see that. Yeah, I mean, Cashpertell was saying,

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Speaker 6: this is the briefing that overall the murder rate in

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Speaker 6: nationwide is starting to go down. It's still, like I said,

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Speaker 6: very high compared to what it was pre twenty twenty.

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Speaker 6: But this is all by this is all by choice,

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Speaker 6: this is all by policy. And so if the leaders,

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Speaker 6: the local leaders in d C are insistent on this,

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Speaker 6: you know, ineffectual policy proposal or policy when it comes

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Speaker 6: to criminal justice and law enforcement, then yet it is

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Speaker 6: within President Trump's power and purview, since it is a

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Speaker 6: federal district, to actually do something else to see if

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Speaker 6: that's going to work to address this significant problem.

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Speaker 1: Maybe part of the problem is this moron is one

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Speaker 1: of the police chiefs in DC.

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Speaker 7: Is what the chain of command is? Now, what does

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Speaker 7: that mean? Well, is it Pam Bondi speaking to the

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Speaker 7: American or how does this work?

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Speaker 8: So at the executive order is clear, the President has

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Speaker 8: requested MPD services, and our Home Rule Charter outlines the process.

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Speaker 8: The President designated Attorney General Bondi as his proxy to

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Speaker 8: request services through me.

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Speaker 1: We have a chief that doesn't know what the chain

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Speaker 1: of command is. She's not a one off, Julio. We've

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Speaker 1: seen police chiefs across the country in various cities, Cincinnati

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Speaker 1: most recently that are obviously communists, activists. How many of

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Speaker 1: these people are in charge of the major metropolitan police departments.

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Speaker 6: Well, it seems to be all of them, or nearly

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Speaker 6: all of them. I mean it's not even, for example,

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Speaker 6: the police departments. But like in Los Angeles when the

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Speaker 6: fires were raging out of control earier this year, there

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Speaker 6: was problems with the police chief as well. It was

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Speaker 6: you know, system wide over there. Don't get me wrong,

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Speaker 6: it wasn't just her fault, but I mean it just

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Speaker 6: shows that this idea again from twenty twenty. I mean,

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Speaker 6: all this really started in twenty I know, I keep

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Speaker 6: coming back to it, but there's a reason for it, because,

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Speaker 6: especially now that the media wants to talk about January sixth,

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Speaker 6: it's like, well, there are all these policies that were implemented,

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Speaker 6: maybe not federally but locally and in statewide that has

430
00:24:49,080 --> 00:24:52,440
Speaker 6: led to disaster results. People have died, people have had

431
00:24:52,480 --> 00:24:56,280
Speaker 6: their quality of life ruined for various for various reasons,

432
00:24:56,280 --> 00:25:00,119
Speaker 6: and from various departments of a city or state. So

433
00:25:00,400 --> 00:25:03,680
Speaker 6: it's unfortunate that we're still dealing with these effects because,

434
00:25:03,680 --> 00:25:05,919
Speaker 6: as I was saying earlier, this is all by choice,

435
00:25:06,440 --> 00:25:10,200
Speaker 6: and you know, thankfully with d C being a federal district. Okay,

436
00:25:10,280 --> 00:25:13,359
Speaker 6: President Trump can have a much easier time kind of

437
00:25:13,359 --> 00:25:16,000
Speaker 6: taking control of the situation to.

438
00:25:15,359 --> 00:25:16,080
Speaker 7: Try to fix it.

439
00:25:16,680 --> 00:25:18,959
Speaker 6: But you see what's happening in New York City with

440
00:25:19,480 --> 00:25:23,080
Speaker 6: when Mondamie seemingly about to become the New York mayor

441
00:25:23,080 --> 00:25:26,920
Speaker 6: and all of his crazy radical ideas. You know, I

442
00:25:26,920 --> 00:25:28,639
Speaker 6: don't know, it just seems like if you want to

443
00:25:28,640 --> 00:25:31,399
Speaker 6: be a liberal, you got to have this this sense

444
00:25:31,440 --> 00:25:35,639
Speaker 6: of self harm or you know, they can't just they

445
00:25:35,640 --> 00:25:39,639
Speaker 6: can't govern themselves. I mean, all of these things that

446
00:25:39,680 --> 00:25:42,639
Speaker 6: they're they're proposing and they want to put into effect,

447
00:25:42,640 --> 00:25:45,520
Speaker 6: it's had disastrous results, but people keep voting for them.

448
00:25:45,520 --> 00:25:46,840
Speaker 6: You have Brandon Johnson, he's the.

449
00:25:46,800 --> 00:25:47,600
Speaker 7: Mayor of Chicago.

450
00:25:47,640 --> 00:25:51,920
Speaker 6: He has a historic unapproval rate, and yet people still

451
00:25:51,960 --> 00:25:55,119
Speaker 6: voted for him. And you know, so I don't know,

452
00:25:55,240 --> 00:25:57,320
Speaker 6: you know, for those other places, I don't know what

453
00:25:57,320 --> 00:25:59,440
Speaker 6: the answer is. I mean, yeah, there was a right

454
00:25:59,480 --> 00:26:01,760
Speaker 6: word shift some of those cities with this recent election,

455
00:26:02,280 --> 00:26:03,840
Speaker 6: but it's not like Chicago.

456
00:26:03,520 --> 00:26:04,040
Speaker 7: Or Los Angeles.

457
00:26:04,080 --> 00:26:06,199
Speaker 6: Ban you are gonna flip red anytime soon because it's

458
00:26:06,240 --> 00:26:09,080
Speaker 6: a managed decline and people just get used to it

459
00:26:09,119 --> 00:26:10,440
Speaker 6: and people is that all it is just part of

460
00:26:10,480 --> 00:26:13,159
Speaker 6: living in a city when it doesn't have to be.

461
00:26:13,280 --> 00:26:16,600
Speaker 6: I don't understand why people don't really understand that it

462
00:26:16,600 --> 00:26:18,680
Speaker 6: doesn't have to be this way, But I think it's

463
00:26:18,720 --> 00:26:22,240
Speaker 6: just because the solutions to their problems is seen as racist.

464
00:26:22,280 --> 00:26:25,160
Speaker 7: It's seen as xenophobic, are seen as you.

465
00:26:25,119 --> 00:26:28,359
Speaker 6: Know, fascists in nature, and so I don't know what

466
00:26:28,400 --> 00:26:30,800
Speaker 6: the solution is, to be honest, I don't know if

467
00:26:30,840 --> 00:26:35,600
Speaker 6: there's anything turn around anytime soon, but hopefully DC can

468
00:26:35,640 --> 00:26:40,920
Speaker 6: be a case study with this upcoming deployment to show you, like, yes,

469
00:26:41,000 --> 00:26:44,320
Speaker 6: you need law and order in these places to actually

470
00:26:44,320 --> 00:26:45,359
Speaker 6: get things back on track.

471
00:26:47,040 --> 00:26:51,600
Speaker 1: Julio, what are we expecting specifically about this deployment? Right,

472
00:26:51,640 --> 00:26:53,399
Speaker 1: we saw the press conference. We heard, you know, a

473
00:26:53,480 --> 00:26:56,440
Speaker 1: thousand National Guard troops and they're taking over the DC

474
00:26:56,640 --> 00:27:00,280
Speaker 1: Metro Police Department things like that, But okay, what does

475
00:27:00,280 --> 00:27:02,000
Speaker 1: that look like on the ground.

476
00:27:03,040 --> 00:27:05,800
Speaker 6: So so my understanding is that the National guardsmen, in

477
00:27:05,840 --> 00:27:09,760
Speaker 6: addition to providing infrastructure security, which is kind of what

478
00:27:09,800 --> 00:27:13,520
Speaker 6: they're used for in civil disturbances, uh, they're basically going

479
00:27:13,600 --> 00:27:16,960
Speaker 6: to be force protection for the federal assets that have

480
00:27:17,040 --> 00:27:20,560
Speaker 6: also been surged to the region, to the city, and

481
00:27:20,640 --> 00:27:24,240
Speaker 6: so that I mean that frees up manpower, right, I

482
00:27:24,320 --> 00:27:30,040
Speaker 6: mean instead of having federal agents protecting an asset or infrastructure,

483
00:27:30,040 --> 00:27:32,360
Speaker 6: they can actually go out and be proactive because then

484
00:27:32,400 --> 00:27:35,760
Speaker 6: those National guardsmen take their place to stand guard and Jesse,

485
00:27:35,840 --> 00:27:38,760
Speaker 6: you and I all know about firewatch and and and

486
00:27:38,880 --> 00:27:40,960
Speaker 6: and gear guarding and all that. It's not the most

487
00:27:40,960 --> 00:27:44,240
Speaker 6: glorious thing, not the most glorious thing, but there's a

488
00:27:44,280 --> 00:27:46,240
Speaker 6: reason for that. There's a reason for that job, and

489
00:27:46,920 --> 00:27:49,960
Speaker 6: it's a force multiplier, right. So again it remains to

490
00:27:49,960 --> 00:27:52,359
Speaker 6: be seen exactly how it will play out, but I

491
00:27:52,359 --> 00:27:54,000
Speaker 6: think it sends a message at the end of the

492
00:27:54,119 --> 00:27:56,560
Speaker 6: day to the criminal element in the city which is

493
00:27:56,640 --> 00:28:00,560
Speaker 6: run rampant for for some time. That play times over

494
00:28:00,840 --> 00:28:03,240
Speaker 6: and you know they we've seen it be effective at

495
00:28:03,240 --> 00:28:05,960
Speaker 6: the border, We've seen it be effective in Los Angeles.

496
00:28:05,960 --> 00:28:09,159
Speaker 6: After the initial wave of anti ice riots, those have

497
00:28:09,240 --> 00:28:11,959
Speaker 6: dived down in Los Angeles pretty significantly.

498
00:28:12,080 --> 00:28:16,640
Speaker 7: So I personally don't see a problem with using the.

499
00:28:16,600 --> 00:28:19,679
Speaker 6: Resources that the President has within his purview to go

500
00:28:19,720 --> 00:28:22,960
Speaker 6: out and activate this this particular asset in personnel.

501
00:28:24,560 --> 00:28:26,560
Speaker 1: Did you ever fall asleep on firewatch be.

502
00:28:26,560 --> 00:28:30,520
Speaker 6: Honest, No, But I fell asleep during a classroom during

503
00:28:30,560 --> 00:28:33,200
Speaker 6: boot camp, and I got caught by the first sergeant.

504
00:28:33,680 --> 00:28:36,840
Speaker 1: Oh what they do to you? Tell me what they did?

505
00:28:37,560 --> 00:28:39,920
Speaker 7: Oh, they ran me out of the classroom. I had

506
00:28:39,960 --> 00:28:40,600
Speaker 7: to go to the sandpit.

507
00:28:43,760 --> 00:28:45,800
Speaker 1: All right. Donald Trump said he's going to send the

508
00:28:45,840 --> 00:28:48,880
Speaker 1: military after the car tells what's that mean.

509
00:28:51,120 --> 00:28:52,440
Speaker 7: That? That's kind of the question.

510
00:28:52,560 --> 00:28:55,640
Speaker 6: So in the ideal scenario is that we are working

511
00:28:55,840 --> 00:28:59,280
Speaker 6: with countries in Latin America to have their permission to

512
00:28:59,320 --> 00:29:02,520
Speaker 6: work and conject function with their militaries to go after

513
00:29:02,560 --> 00:29:07,640
Speaker 6: these targets. But Mexican President Claudia Scheinbaum, she has said repeatedly,

514
00:29:07,680 --> 00:29:11,520
Speaker 6: she just said it last week again saying no, US

515
00:29:11,640 --> 00:29:14,200
Speaker 6: military is not allowed. We're not going to allow it

516
00:29:14,240 --> 00:29:16,720
Speaker 6: because of national sovereignty. Of course, when it comes to

517
00:29:16,800 --> 00:29:20,000
Speaker 6: national sovereignty within their own borders with the cartels, that's

518
00:29:20,040 --> 00:29:23,600
Speaker 6: a different story. And she even boasted about how the

519
00:29:23,760 --> 00:29:29,080
Speaker 6: federal agencies like da FBI that work within Mexico, they

520
00:29:29,080 --> 00:29:32,840
Speaker 6: are under the strictest regulations in all of Latin America,

521
00:29:33,200 --> 00:29:35,040
Speaker 6: so you know, it basically makes it harder for them

522
00:29:35,080 --> 00:29:39,160
Speaker 6: to work with their partners. And so then the question

523
00:29:39,280 --> 00:29:41,720
Speaker 6: is okay, So then do we do you know, star

524
00:29:41,760 --> 00:29:45,040
Speaker 6: spangled banner across the Rio Grande into Mexico. Yeah, I

525
00:29:45,240 --> 00:29:49,320
Speaker 6: you know, I don't know if that's particularly smart, But

526
00:29:49,480 --> 00:29:52,680
Speaker 6: again I will say that, you know, we've spent vast

527
00:29:52,680 --> 00:29:55,720
Speaker 6: amounts of money, billions of dollars. We've lost thousands of

528
00:29:55,760 --> 00:29:59,800
Speaker 6: troops recently in recent wars across you know, across the

529
00:29:59,800 --> 00:30:01,520
Speaker 6: you know, in the Middle East. We've spent a lot

530
00:30:01,520 --> 00:30:03,400
Speaker 6: of money in Ukraine to defend its borders. And so

531
00:30:03,600 --> 00:30:06,320
Speaker 6: of course, naturally people ask, well, why can't we use

532
00:30:06,360 --> 00:30:10,760
Speaker 6: that same power and might within our own hemisphere, but

533
00:30:10,800 --> 00:30:13,080
Speaker 6: in particular with our southern neighbor that has a lot

534
00:30:13,120 --> 00:30:15,360
Speaker 6: of issues. You know, I love Mexico, but let's be real,

535
00:30:15,640 --> 00:30:18,520
Speaker 6: there's a lot of significant issues that impact us directly.

536
00:30:19,040 --> 00:30:23,440
Speaker 6: So the order has been given by President Trump as

537
00:30:23,520 --> 00:30:25,400
Speaker 6: far as we know, and so that's why the Pentagon

538
00:30:25,560 --> 00:30:28,400
Speaker 6: is currently trying to figure out exactly what that means.

539
00:30:28,440 --> 00:30:30,480
Speaker 6: Because there's also the legal issues.

540
00:30:30,360 --> 00:30:32,040
Speaker 7: That come with it, with you know, rules of war

541
00:30:32,080 --> 00:30:32,840
Speaker 7: and warfare.

542
00:30:33,000 --> 00:30:37,920
Speaker 6: So I don't I don't expect you know, the first

543
00:30:37,960 --> 00:30:41,040
Speaker 6: marine division to go across into into Tijuana, not on

544
00:30:41,080 --> 00:30:42,920
Speaker 6: a weekend for liberty, but for you know, in terms

545
00:30:42,960 --> 00:30:43,560
Speaker 6: of a combat.

546
00:30:44,160 --> 00:30:46,720
Speaker 7: But yeah, you know about that, Jesse.

547
00:30:47,520 --> 00:30:50,680
Speaker 6: But yeah, I mean this is this is new territory, right.

548
00:30:50,840 --> 00:30:52,840
Speaker 6: But again there's a reason for that because the status

549
00:30:52,920 --> 00:30:56,680
Speaker 6: quote simply approaching the cartels through a law enforcement perspective,

550
00:30:56,680 --> 00:31:00,920
Speaker 6: strictly through law enforcement apparatus, that hasn't worked. There's been

551
00:31:00,960 --> 00:31:03,760
Speaker 6: some successes, don't get me wrong, but the end result

552
00:31:03,840 --> 00:31:06,160
Speaker 6: is we're still dealing with fetanohl. There's all these new

553
00:31:06,200 --> 00:31:08,680
Speaker 6: drugs that are even more powerful than fetanyl coming across

554
00:31:08,680 --> 00:31:14,360
Speaker 6: the border and killing Americans needlessly. So understandably, that's why

555
00:31:14,360 --> 00:31:17,040
Speaker 6: Trump was elected, right. One of the reasons is because

556
00:31:17,440 --> 00:31:20,480
Speaker 6: not just with the war on drugs, but just in general,

557
00:31:20,520 --> 00:31:21,960
Speaker 6: is that the status quote can't remain.

558
00:31:22,000 --> 00:31:23,680
Speaker 7: There has to be new.

559
00:31:23,520 --> 00:31:27,360
Speaker 6: Ideas, radical ideas, you know, seemingly radical ideas in order

560
00:31:27,400 --> 00:31:30,080
Speaker 6: to finally get these problems resolved once and for all,

561
00:31:30,240 --> 00:31:33,960
Speaker 6: because we're decades into this and there's no end in sight.

562
00:31:36,520 --> 00:31:38,920
Speaker 1: I just want to note that there's no evidence that

563
00:31:38,960 --> 00:31:41,560
Speaker 1: I ever went to Tijuana. That was strictly against the

564
00:31:41,640 --> 00:31:57,320
Speaker 1: rules too. Thank you, Realie, I appreciate it. We'll be back. Well,

565
00:31:57,360 --> 00:31:59,600
Speaker 1: we got inflation numbers that I guess I'm supposed to

566
00:31:59,600 --> 00:32:02,840
Speaker 1: be happy about two point seven percent. No one's ever

567
00:32:02,880 --> 00:32:05,160
Speaker 1: going to convince me why it has to be at

568
00:32:05,160 --> 00:32:07,760
Speaker 1: two percent. I don't understand why I'm supposed to accept that.

569
00:32:07,880 --> 00:32:10,640
Speaker 1: So I guess two point seven percent is something I'm

570
00:32:10,680 --> 00:32:13,400
Speaker 1: supposed to celebrate. Now my money has only gone down

571
00:32:13,480 --> 00:32:17,160
Speaker 1: two point seven percent. But I don't know. Maybe Carol

572
00:32:17,240 --> 00:32:19,200
Speaker 1: Roth can make sense of this, since she's now at

573
00:32:19,280 --> 00:32:23,680
Speaker 1: two times New York Times best selling author recovering former

574
00:32:23,760 --> 00:32:27,400
Speaker 1: investment banker. All right, Carol, woohoo, I'm two point seven

575
00:32:27,400 --> 00:32:29,040
Speaker 1: percent poor. I guess.

576
00:32:30,440 --> 00:32:34,040
Speaker 9: Not only that, Jesse, but everybody's very excited about data

577
00:32:34,200 --> 00:32:37,840
Speaker 9: from the Bureau of Labor Statistics, the BLS, which last

578
00:32:37,880 --> 00:32:42,239
Speaker 9: week everybody hated, but now this week their statistics are

579
00:32:42,320 --> 00:32:45,000
Speaker 9: right on the money and fantastic. And yes, you should

580
00:32:45,000 --> 00:32:48,640
Speaker 9: be thrilled that, you know, we have the value of

581
00:32:48,680 --> 00:32:53,680
Speaker 9: your purchasing power continuing to decline. So it's it's a

582
00:32:53,840 --> 00:32:58,600
Speaker 9: very interesting scenario, I guess, in the scheme of if

583
00:32:58,600 --> 00:32:59,680
Speaker 9: we believe.

584
00:32:59,400 --> 00:33:01,320
Speaker 10: The number, which you know, I don't.

585
00:33:01,360 --> 00:33:03,080
Speaker 9: I think all of the numbers are trash, But that's

586
00:33:03,080 --> 00:33:05,959
Speaker 9: what we're supposed to do. I guess the good news

587
00:33:06,160 --> 00:33:09,280
Speaker 9: is that inflation has not, you know, picked back up

588
00:33:09,400 --> 00:33:13,400
Speaker 9: meaningfully again. I guess the good news is that should

589
00:33:13,400 --> 00:33:17,160
Speaker 9: the data stay where it is, that we will likely

590
00:33:17,200 --> 00:33:20,440
Speaker 9: get a FED rate cut, maybe a quarter of a

591
00:33:20,480 --> 00:33:22,880
Speaker 9: percent in September. Not that I'm sure that that's going

592
00:33:22,920 --> 00:33:26,000
Speaker 9: to do much for anybody's life, but everyone seems to

593
00:33:26,040 --> 00:33:29,360
Speaker 9: be very excited about it. And I do feel a

594
00:33:29,400 --> 00:33:32,320
Speaker 9: little bit like I'm living in bizarre world because some

595
00:33:32,520 --> 00:33:35,440
Speaker 9: days people like certain things and then the next day

596
00:33:35,480 --> 00:33:38,040
Speaker 9: they don't, and it just depends on you know, who's

597
00:33:38,080 --> 00:33:40,160
Speaker 9: in charge and whose mouth is coming out of. But

598
00:33:40,920 --> 00:33:44,480
Speaker 9: you know, the reality is that we had epic inflation

599
00:33:45,080 --> 00:33:49,560
Speaker 9: under the Biden administration. It has come down, but it's

600
00:33:49,640 --> 00:33:52,800
Speaker 9: still a rate of change, and that means you are

601
00:33:52,840 --> 00:33:57,240
Speaker 9: still paying more every single day, every single month than

602
00:33:57,280 --> 00:33:58,080
Speaker 9: you did.

603
00:33:58,160 --> 00:33:59,640
Speaker 10: The day and the month before.

604
00:33:59,840 --> 00:34:01,959
Speaker 9: And that's not a good thing for cost of living,

605
00:34:02,240 --> 00:34:04,440
Speaker 9: which is what Americans care about right now.

606
00:34:06,040 --> 00:34:08,480
Speaker 1: That's a fact, you know, we'll come back to that.

607
00:34:08,520 --> 00:34:13,239
Speaker 1: We'll circle back to that. To use an old Jensaki term, Caro,

608
00:34:13,360 --> 00:34:17,200
Speaker 1: I have the completely nerdy detail that I'm curious about.

609
00:34:17,239 --> 00:34:19,640
Speaker 1: It just popped into my head how did they get

610
00:34:19,680 --> 00:34:23,000
Speaker 1: these numbers? I mean, I talk about this every day

611
00:34:23,360 --> 00:34:25,640
Speaker 1: and I honestly don't know how do they get these

612
00:34:25,719 --> 00:34:28,360
Speaker 1: jobs numbers? How do they get the inflation numbers? We

613
00:34:28,520 --> 00:34:30,959
Speaker 1: just accept that these are numbers that then, of course

614
00:34:30,960 --> 00:34:32,920
Speaker 1: they always have to revise because the numbers are a

615
00:34:32,960 --> 00:34:35,399
Speaker 1: bunch of crap, which of course begs the question how

616
00:34:35,400 --> 00:34:36,600
Speaker 1: they got them in the first place.

617
00:34:37,400 --> 00:34:40,000
Speaker 9: Yeah, Well, if you go with something like the job's numbers,

618
00:34:40,040 --> 00:34:42,600
Speaker 9: they're going out and they're doing surveys.

619
00:34:42,760 --> 00:34:44,120
Speaker 10: So there's two different surveys.

620
00:34:44,120 --> 00:34:47,759
Speaker 9: There's an establishment survey where they go out to companies

621
00:34:47,840 --> 00:34:50,560
Speaker 9: and they survey them, and then there's a household survey

622
00:34:50,600 --> 00:34:53,000
Speaker 9: where they go out to households. Part of the reason

623
00:34:53,040 --> 00:34:55,880
Speaker 9: why the numbers have become trash is because the companies

624
00:34:55,920 --> 00:34:58,279
Speaker 9: and households don't want to fill out this information. They

625
00:34:58,280 --> 00:35:01,080
Speaker 9: don't want to give competitive added to the government, and

626
00:35:01,080 --> 00:35:03,839
Speaker 9: they have other things to do, so it's harder for

627
00:35:03,880 --> 00:35:08,440
Speaker 9: them to collect that. The BLS actually relies on a

628
00:35:08,480 --> 00:35:12,319
Speaker 9: lot of the other parts of the government, you know,

629
00:35:12,400 --> 00:35:17,200
Speaker 9: such as the Census Bureau under Commerce to gather this information,

630
00:35:18,040 --> 00:35:20,920
Speaker 9: which again is kind of a head scratcher. You know,

631
00:35:20,920 --> 00:35:23,480
Speaker 9: when you think about something like jobs, I don't know.

632
00:35:23,560 --> 00:35:26,600
Speaker 9: I mean, the government takes money out of everybody's paycheck

633
00:35:26,640 --> 00:35:29,279
Speaker 9: every pay period. You would think that the IRS would

634
00:35:29,280 --> 00:35:31,600
Speaker 9: have a real clear picture on who's.

635
00:35:31,360 --> 00:35:33,840
Speaker 10: Employed and who's not employed every single pay period.

636
00:35:34,160 --> 00:35:36,800
Speaker 9: So it seems to me this is a technology issue.

637
00:35:36,920 --> 00:35:40,359
Speaker 9: The administration certainly is plugged in with some of the

638
00:35:40,400 --> 00:35:42,520
Speaker 9: tech titans, and you would think that there would be

639
00:35:42,520 --> 00:35:45,719
Speaker 9: a better way to gather information from stuff that we

640
00:35:45,920 --> 00:35:49,520
Speaker 9: know is true and know is happening, versus sending out

641
00:35:49,640 --> 00:35:51,239
Speaker 9: random surveys.

642
00:35:50,719 --> 00:35:51,880
Speaker 10: For jobs, for example.

643
00:35:52,400 --> 00:35:54,879
Speaker 9: And I think that that's one of the things that

644
00:35:55,000 --> 00:35:59,879
Speaker 9: the new head of BLS E. J Antoni, who's absolutely fantastic,

645
00:36:00,400 --> 00:36:03,839
Speaker 9: should be looking into. He should be looking into do

646
00:36:03,880 --> 00:36:08,319
Speaker 9: we need to change the methodology, methodologies and way that

647
00:36:08,400 --> 00:36:13,759
Speaker 9: we have collected data in order to get more accurate data? And,

648
00:36:13,800 --> 00:36:15,560
Speaker 9: by the way, the answer to that is yes.

649
00:36:15,440 --> 00:36:16,000
Speaker 10: Yes they do.

650
00:36:17,840 --> 00:36:22,000
Speaker 1: Okay, now let's circle back again, Carol, Shall we about

651
00:36:22,000 --> 00:36:27,080
Speaker 1: these rate cuts? This? Michelle Bowman, this FED chairman not chairman, sorry,

652
00:36:27,120 --> 00:36:31,760
Speaker 1: FED official says we got three of them probably coming,

653
00:36:32,640 --> 00:36:34,800
Speaker 1: do we? That certainly sounds good.

654
00:36:36,120 --> 00:36:39,279
Speaker 9: I mean maybe that things change on a month to

655
00:36:39,360 --> 00:36:43,560
Speaker 9: month basis as data comes out. She is one of

656
00:36:43,600 --> 00:36:47,000
Speaker 9: the two FED governors that dissented and felt like we'd

657
00:36:47,040 --> 00:36:49,120
Speaker 9: already should have had a rate cut, So it's not

658
00:36:49,160 --> 00:36:52,480
Speaker 9: surprising that she should feel that. But there is a

659
00:36:53,000 --> 00:36:55,880
Speaker 9: board of governors that has twelve different members on it,

660
00:36:56,040 --> 00:36:58,960
Speaker 9: so she can feel that and the FED may not

661
00:36:59,040 --> 00:37:01,600
Speaker 9: go along with it. So that's part of the challenge here.

662
00:37:01,840 --> 00:37:06,120
Speaker 9: You know, I contend that we had fifteen years of

663
00:37:06,320 --> 00:37:09,440
Speaker 9: zero interest rate policy or near zero interest rate policy,

664
00:37:09,719 --> 00:37:13,600
Speaker 9: businesses and consumers loaded up on debt. I do not

665
00:37:13,800 --> 00:37:17,840
Speaker 9: think that if they cut rates by twenty five basis

666
00:37:17,880 --> 00:37:20,600
Speaker 9: points I have a percent, even three quarters of percent,

667
00:37:20,600 --> 00:37:22,880
Speaker 9: you get a full percent, that that is going to

668
00:37:23,120 --> 00:37:27,160
Speaker 9: unleash some kind of crazy demand for debt that is

669
00:37:27,239 --> 00:37:30,720
Speaker 9: going to shift the economy because consumers are already pretty

670
00:37:30,719 --> 00:37:34,280
Speaker 9: tapped out from a debt standpoint, as our companies. Yes,

671
00:37:34,360 --> 00:37:38,040
Speaker 9: you know, it will help in certain areas, also have

672
00:37:38,160 --> 00:37:41,400
Speaker 9: some issues for potentially for savers, but it's really I

673
00:37:41,400 --> 00:37:44,080
Speaker 9: don't think I don't think it matters. There's something called

674
00:37:44,080 --> 00:37:47,880
Speaker 9: the neutral rate, which is this theoretical rate where the

675
00:37:47,920 --> 00:37:53,239
Speaker 9: Fed's monetary policy actually impacts whether we get inflation or

676
00:37:53,280 --> 00:37:56,439
Speaker 9: we don't, and I just don't think that we're there yet.

677
00:37:56,560 --> 00:37:59,560
Speaker 9: So I do think we could get it, But the

678
00:37:59,800 --> 00:38:02,520
Speaker 9: the FED is always wrong. You've got a whole group

679
00:38:02,560 --> 00:38:04,920
Speaker 9: of people with their own agenda. So in terms of

680
00:38:04,960 --> 00:38:06,680
Speaker 9: trying to figure out what it is that they're going

681
00:38:06,719 --> 00:38:09,600
Speaker 9: to do versus what they probably should do, you know, that's.

682
00:38:09,719 --> 00:38:10,560
Speaker 4: A whole other thing.

683
00:38:12,440 --> 00:38:16,160
Speaker 1: Okay, So why are we going to get right cutscro

684
00:38:16,400 --> 00:38:19,960
Speaker 1: Is it because the economy is stabilized? Is it because

685
00:38:20,040 --> 00:38:23,360
Speaker 1: the tariff thing has worked out? Okay? Has it worked out? Okay?

686
00:38:23,440 --> 00:38:27,600
Speaker 1: Is it because of Donald Trump's ongoing public threats for

687
00:38:27,800 --> 00:38:31,040
Speaker 1: FED Chairman Jerome Powell? Look, I mean he does that

688
00:38:31,080 --> 00:38:34,080
Speaker 1: stuff for a reason. Why are we actually getting the cut?

689
00:38:34,640 --> 00:38:35,560
Speaker 10: Well, that's again.

690
00:38:35,400 --> 00:38:37,879
Speaker 9: It goes back to, you know, why are they doing

691
00:38:37,920 --> 00:38:40,080
Speaker 9: things versus why should they do things?

692
00:38:40,080 --> 00:38:41,360
Speaker 10: And it's kind of hard to say.

693
00:38:41,680 --> 00:38:47,520
Speaker 9: Their dual mandate is to stabilize employment as well as inflation.

694
00:38:47,800 --> 00:38:51,200
Speaker 9: Obviously we know that they haven't stabilized inflation, but we're

695
00:38:51,239 --> 00:38:54,080
Speaker 9: getting back towards their target, which you and I both

696
00:38:54,120 --> 00:38:56,239
Speaker 9: believe is above the target that it should be, which

697
00:38:56,280 --> 00:39:00,839
Speaker 9: is zero. But that's basically their mandate. We're looking at

698
00:39:00,960 --> 00:39:04,520
Speaker 9: jobs numbers now that are pretty weak, and so there's

699
00:39:04,560 --> 00:39:06,759
Speaker 9: a concern that if you don't get ahead of that

700
00:39:07,160 --> 00:39:10,279
Speaker 9: by starting to cut rates, then you could end up

701
00:39:10,280 --> 00:39:14,000
Speaker 9: seeing it an impact with with you know, negative jobs,

702
00:39:14,080 --> 00:39:16,600
Speaker 9: and have that reverberate through the economy.

703
00:39:16,680 --> 00:39:18,279
Speaker 10: So that's what the Fed is trying to do.

704
00:39:18,320 --> 00:39:21,799
Speaker 9: They're trying to thread a needle of managing the job

705
00:39:21,960 --> 00:39:26,879
Speaker 9: situation while at the same time not restoking inflation. And

706
00:39:26,920 --> 00:39:29,040
Speaker 9: as I said, I think at this point in time

707
00:39:29,360 --> 00:39:30,799
Speaker 9: they have room to do that.

708
00:39:30,880 --> 00:39:32,919
Speaker 10: I think they should have done it a long time ago.

709
00:39:33,080 --> 00:39:35,200
Speaker 10: But I also think they've been wrong in every turn.

710
00:39:35,440 --> 00:39:38,520
Speaker 9: Right that they you know, came in and did too

711
00:39:38,560 --> 00:39:42,880
Speaker 9: much support during COVID. You know, they waited too long

712
00:39:43,280 --> 00:39:45,520
Speaker 9: to cut rates. You know, they told us there wasn't

713
00:39:45,520 --> 00:39:47,320
Speaker 9: going to be inflation, it was going to be transitory.

714
00:39:47,360 --> 00:39:49,600
Speaker 9: And they've been wrong at every turn. And by the way,

715
00:39:49,600 --> 00:39:53,520
Speaker 9: it's not just Powell, it's yelling before Powell, it's burnenki

716
00:39:53,560 --> 00:39:57,200
Speaker 9: before yelling. You know, it's it's the institution itself is

717
00:39:57,320 --> 00:40:01,120
Speaker 9: rotten to the core, and that is basically the problem.

718
00:40:01,400 --> 00:40:03,640
Speaker 9: So it's ridiculous that we have to sit around and

719
00:40:03,719 --> 00:40:07,120
Speaker 9: hang on their every word when I started on Wall

720
00:40:07,160 --> 00:40:10,960
Speaker 9: Street about thirty years ago, this wasn't in play. This

721
00:40:11,080 --> 00:40:14,240
Speaker 9: wasn't something that we spent really any time thinking about.

722
00:40:14,400 --> 00:40:16,719
Speaker 9: It was kind of something that went on in the background.

723
00:40:16,960 --> 00:40:18,680
Speaker 9: And now the fact that that you know this is,

724
00:40:18,960 --> 00:40:21,840
Speaker 9: you know, we've got people talking about this on social

725
00:40:21,880 --> 00:40:24,800
Speaker 9: media and the president's talking about it. It just goes

726
00:40:24,880 --> 00:40:28,400
Speaker 9: to show how central planning's taken over every aspect of

727
00:40:28,400 --> 00:40:31,200
Speaker 9: our life, and it just really isn't a healthy thing

728
00:40:31,320 --> 00:40:34,400
Speaker 9: for us, for the economy and for the future, you know,

729
00:40:34,440 --> 00:40:36,080
Speaker 9: financial security of the country.

730
00:40:37,840 --> 00:40:43,080
Speaker 1: Okay, Carol, So why is the jobs market not gotten better?

731
00:40:43,480 --> 00:40:46,120
Speaker 1: It seems like every day we have a press conference

732
00:40:46,160 --> 00:40:49,480
Speaker 1: about that they're investing one hundred billion, they're hiring fifteen

733
00:40:49,520 --> 00:40:52,960
Speaker 1: thousand workers. We hear, we see great headlines. I see

734
00:40:53,000 --> 00:40:54,880
Speaker 1: great headlines, we talk about them on this show. But

735
00:40:55,280 --> 00:40:58,160
Speaker 1: the job's numbers are not there. Why.

736
00:40:59,239 --> 00:41:00,799
Speaker 9: Well, I think it depends and then you know, the

737
00:41:00,840 --> 00:41:03,120
Speaker 9: perspective and the way that you're looking at it. I

738
00:41:03,160 --> 00:41:06,760
Speaker 9: think if you think about what's happened, it actually isn't

739
00:41:06,840 --> 00:41:09,400
Speaker 9: bad news. It just looks like bad news from the headline.

740
00:41:09,640 --> 00:41:11,680
Speaker 9: Because what we've had to do is we have this

741
00:41:11,800 --> 00:41:15,160
Speaker 9: crazy amount of government spending, and what we're trying to

742
00:41:15,239 --> 00:41:19,760
Speaker 9: do is reduce government spending and shift you know, dollars

743
00:41:19,760 --> 00:41:23,799
Speaker 9: that are our spends and the labor force into the

744
00:41:23,840 --> 00:41:24,800
Speaker 9: private market.

745
00:41:25,200 --> 00:41:28,840
Speaker 10: You also have a lot of illegals.

746
00:41:28,160 --> 00:41:31,480
Speaker 9: Who are in the country and have now been deported

747
00:41:31,520 --> 00:41:32,920
Speaker 9: and we're keeping.

748
00:41:33,080 --> 00:41:34,040
Speaker 10: The border secure.

749
00:41:34,680 --> 00:41:38,600
Speaker 9: So from my perspective, with those shifts, the illegals coming

750
00:41:38,640 --> 00:41:41,200
Speaker 9: out of the job market, the government workers coming out

751
00:41:41,239 --> 00:41:43,840
Speaker 9: of the job market, it's going to take some time

752
00:41:44,200 --> 00:41:48,560
Speaker 9: for the private sector to readjust to reabsorb the government

753
00:41:48,600 --> 00:41:51,200
Speaker 9: workers to settle in. You know now that there are

754
00:41:51,200 --> 00:41:53,879
Speaker 9: no illegals in the job market, so you would have

755
00:41:53,920 --> 00:41:58,280
Speaker 9: expected that we would see a trajectory like this. Unfortunately,

756
00:41:59,000 --> 00:42:01,440
Speaker 9: there are too few peopleeople who are good at messaging,

757
00:42:01,480 --> 00:42:04,600
Speaker 9: and we're not getting this messaging across. But I don't

758
00:42:04,600 --> 00:42:07,600
Speaker 9: see anything wrong with it. These things don't happen overnight.

759
00:42:07,640 --> 00:42:10,359
Speaker 9: It takes time, and I think it's trending in the

760
00:42:10,440 --> 00:42:14,760
Speaker 9: right direction. But you would expect if you're making strides

761
00:42:14,760 --> 00:42:17,319
Speaker 9: in those areas that you're going to see jobs, you know,

762
00:42:17,719 --> 00:42:20,719
Speaker 9: coming down on a net headline basis. One of the

763
00:42:20,760 --> 00:42:24,360
Speaker 9: really positive things we've seen is the percentage or the

764
00:42:24,400 --> 00:42:27,440
Speaker 9: shift in the number of jobs between you know, native

765
00:42:27,480 --> 00:42:32,000
Speaker 9: born Americans versus immigrants, including illegal immigrants. And I think

766
00:42:32,040 --> 00:42:35,279
Speaker 9: that that shift, you know, has been very positive, and

767
00:42:35,360 --> 00:42:41,399
Speaker 9: so as the economy and the jobs market normalizes, we'll

768
00:42:41,400 --> 00:42:44,240
Speaker 9: see really positive outcomes from the things that are happening.

769
00:42:44,360 --> 00:42:47,719
Speaker 9: But again, this doesn't happen overnight. We're turning around a

770
00:42:47,840 --> 00:42:51,160
Speaker 9: really big ship. It's not going to happen from one

771
00:42:51,200 --> 00:42:52,880
Speaker 9: month to the next.

772
00:42:53,840 --> 00:42:57,680
Speaker 1: Okay, Carol, let's shift gears here and talk about tariffs.

773
00:42:57,760 --> 00:43:02,520
Speaker 1: We keep getting these delays, a tariff war with China.

774
00:43:02,600 --> 00:43:05,480
Speaker 1: We just got another word as another ninety day delay.

775
00:43:05,480 --> 00:43:07,399
Speaker 1: We're going to delay this, We're going to delay that.

776
00:43:07,920 --> 00:43:10,319
Speaker 1: It almost seems like we don't want to have this

777
00:43:10,360 --> 00:43:13,120
Speaker 1: little tariff war with China. What's going on?

778
00:43:14,120 --> 00:43:17,239
Speaker 9: Well, you know, I've argued from the beginning that it's

779
00:43:17,480 --> 00:43:21,720
Speaker 9: very challenging for US to go go cold turkey from China,

780
00:43:22,400 --> 00:43:27,440
Speaker 9: particularly because they have access to very important things like

781
00:43:27,560 --> 00:43:31,279
Speaker 9: rare earth elements that are critical for us, you know,

782
00:43:31,360 --> 00:43:36,120
Speaker 9: to do everything from build ships to have weapons manufactured,

783
00:43:36,360 --> 00:43:38,279
Speaker 9: and so the idea that we could all of a

784
00:43:38,320 --> 00:43:42,480
Speaker 9: sudden get crazy tough on them and not suffer enormous

785
00:43:42,520 --> 00:43:48,000
Speaker 9: reproduction or repercussions. It just wasn't didn't make sense going in.

786
00:43:48,160 --> 00:43:51,000
Speaker 9: So I think that this is a very difficult negotiation.

787
00:43:51,600 --> 00:43:54,080
Speaker 9: There are a lot of things that I think people

788
00:43:54,080 --> 00:43:58,239
Speaker 9: would like to see from it, stronger intellectual property protection

789
00:43:58,560 --> 00:44:01,560
Speaker 9: and the like, And I just think that China is

790
00:44:01,640 --> 00:44:02,680
Speaker 9: playing the long game.

791
00:44:02,840 --> 00:44:04,560
Speaker 10: They know the hand that.

792
00:44:04,480 --> 00:44:07,640
Speaker 9: They have, which is very strong right now, and they

793
00:44:07,680 --> 00:44:10,239
Speaker 9: think in much longer cycles than we do, and they

794
00:44:10,280 --> 00:44:13,279
Speaker 9: have the ability to wait things out. So I do

795
00:44:13,360 --> 00:44:16,479
Speaker 9: think that this is going to take some time. And unfortunately, Jesse,

796
00:44:16,560 --> 00:44:19,200
Speaker 9: I think that people who are all in on the

797
00:44:19,239 --> 00:44:21,919
Speaker 9: fact that you know, manufacturing is going to wholesale move

798
00:44:22,000 --> 00:44:24,600
Speaker 9: back to the United States, or that we're going to

799
00:44:24,640 --> 00:44:26,840
Speaker 9: get you know, some of these things on the wish list,

800
00:44:27,440 --> 00:44:31,160
Speaker 9: I you know, I hope I'm proven wrong, but I think,

801
00:44:31,200 --> 00:44:33,440
Speaker 9: you know, they may come out with some headlines around

802
00:44:33,440 --> 00:44:36,480
Speaker 9: these things, but when it comes to the reality of,

803
00:44:36,640 --> 00:44:41,600
Speaker 9: you know, does this change the situation for intellectual property holders,

804
00:44:41,600 --> 00:44:44,279
Speaker 9: for manufacturing and so so on and so forth, I

805
00:44:44,280 --> 00:44:46,879
Speaker 9: think it's going to be a lot more sizzled than steak.

806
00:44:49,360 --> 00:44:56,160
Speaker 1: Tear off. Thank you, ma'am, appreciate it. Lighten the mood next.

807
00:45:04,840 --> 00:45:08,799
Speaker 1: All right, it's time to lighten the mood. And I

808
00:45:08,880 --> 00:45:12,920
Speaker 1: have really really enjoyed the meltdown from the communists about

809
00:45:13,080 --> 00:45:15,960
Speaker 1: Trump stepping into cleanup DC. Look, we don't have to

810
00:45:15,960 --> 00:45:18,840
Speaker 1: cover it again. We talked about it yesterday. But Democrats,

811
00:45:18,880 --> 00:45:21,480
Speaker 1: once you raped and murdered, they're not soft on crime.

812
00:45:21,560 --> 00:45:24,239
Speaker 1: They don't have a different view of criminal justice. They

813
00:45:24,280 --> 00:45:27,040
Speaker 1: believe in letting murders and rapists loose to hurt you

814
00:45:27,120 --> 00:45:29,359
Speaker 1: and your daughter, and your mother and your wife. That's

815
00:45:29,360 --> 00:45:32,080
Speaker 1: what they believe. They want your son murdered in the streets.

816
00:45:32,440 --> 00:45:35,200
Speaker 1: They want that because it destabilizes the society. And so

817
00:45:35,320 --> 00:45:39,000
Speaker 1: they freaked out because they might actually be stopping violent crime.

818
00:45:39,440 --> 00:45:43,000
Speaker 1: And so this weird haired freak went on MSNBC and

819
00:45:43,080 --> 00:45:46,320
Speaker 1: tried to say climate change is more dangerous.

820
00:45:46,320 --> 00:45:47,160
Speaker 5: When I go to DC.

821
00:45:48,360 --> 00:45:50,600
Speaker 11: I'm not afraid of losing my wallet so much as

822
00:45:50,640 --> 00:45:53,239
Speaker 11: I'm afraid of losing my vote. I'm not afraid of

823
00:45:53,280 --> 00:45:55,640
Speaker 11: losing my wallet so much as I'm afraid that my

824
00:45:55,719 --> 00:45:59,399
Speaker 11: children's freedom to breathe will be stolen in a world

825
00:45:59,440 --> 00:46:01,960
Speaker 11: where climate change policy is non existent.

826
00:46:07,480 --> 00:46:10,239
Speaker 1: Honestly, I think we should just play that in the

827
00:46:10,280 --> 00:46:14,320
Speaker 1: campaign ads for twenty twenty eight. Also Donald Trump dunking

828
00:46:14,360 --> 00:46:17,600
Speaker 1: on the press during these briefings will never stop being funny.

829
00:46:18,080 --> 00:46:19,840
Speaker 7: You're building the big beautiful ballroom.

830
00:46:20,239 --> 00:46:24,080
Speaker 2: Could we build a big, beautiful briefing room?

831
00:46:24,120 --> 00:46:27,719
Speaker 1: Technology more. I don't want to do.

832
00:46:27,840 --> 00:46:34,399
Speaker 2: I don't want you to be comfortable. Show show now.

833
00:46:34,440 --> 00:46:35,839
Speaker 2: I don't want to make I don't want to make

834
00:46:35,880 --> 00:46:36,839
Speaker 2: life comfortable

835
00:46:39,719 --> 00:46:42,400
Speaker 1: Me either, mister President, see them all.