1 00:00:33,640 --> 00:00:34,000 Speaker 1: Right now. 2 00:00:34,080 --> 00:00:38,559 Speaker 2: Russia continued to launch missiles and drones throughout Ukraine yesterday, 3 00:00:38,600 --> 00:00:42,000 Speaker 2: marking the third day in a row of intense bombardment 4 00:00:42,159 --> 00:00:46,839 Speaker 2: targeting civilian areas. Ukraine's military reported another round of more 5 00:00:46,880 --> 00:00:50,960 Speaker 2: than three hundred and fifty drones and missiles launched throughout 6 00:00:51,000 --> 00:00:54,560 Speaker 2: the country. In the past week. Ukraine says Russia has 7 00:00:54,640 --> 00:00:59,800 Speaker 2: launched north of thirteen hundred drones and almost one hundred missiles. 8 00:01:00,160 --> 00:01:03,600 Speaker 2: At least thirty civil years civilians have been killed in 9 00:01:03,640 --> 00:01:07,480 Speaker 2: more than one hundred and fifty people have been injured, 10 00:01:07,520 --> 00:01:11,720 Speaker 2: and amid russ Russia's intensifying attacks on Ukraine, the Kremlin 11 00:01:11,840 --> 00:01:16,679 Speaker 2: is pushing back at President Trump's recent criticism of Vladimir Putin, 12 00:01:16,800 --> 00:01:22,880 Speaker 2: suggesting Trump is suffering from quote emotional overload that comes 13 00:01:22,920 --> 00:01:27,240 Speaker 2: after Trump on Sunday said Putin had gone quote absolutely crazy. 14 00:01:27,920 --> 00:01:32,800 Speaker 2: Speaking to reporters, Kremlin spokesman Dmitri Peskov thanked President Trump 15 00:01:32,880 --> 00:01:36,440 Speaker 2: for starting the negotiation process to end the war, while 16 00:01:36,480 --> 00:01:41,680 Speaker 2: also suggesting the president was emotional over the issue. Peskov 17 00:01:42,000 --> 00:01:45,880 Speaker 2: then went on to claim Russia's intense bombing campaign over 18 00:01:45,880 --> 00:01:51,200 Speaker 2: the past three days was retaliatory in nature. Vladimir Putin 19 00:01:51,320 --> 00:01:55,320 Speaker 2: met yesterday with Turkey's foreign minister at the Kremlin. It's 20 00:01:55,320 --> 00:01:59,080 Speaker 2: the same Turkish official who mediated the talks in Istanbul 21 00:01:59,280 --> 00:02:03,760 Speaker 2: earlier this month between Russian and Ukrainian officials. I Meanwhile, 22 00:02:03,960 --> 00:02:08,600 Speaker 2: Germany's new chancellor said his country and Western allies, including 23 00:02:08,639 --> 00:02:12,280 Speaker 2: the UK, France and the United States, are no longer 24 00:02:12,560 --> 00:02:19,480 Speaker 2: imposing range restrictions on any weapons supplied to Ukraine. 25 00:02:19,960 --> 00:02:24,960 Speaker 3: From bunker Hill to best Owned, to Kantony to Coralcy, 26 00:02:25,200 --> 00:02:32,360 Speaker 3: from Gettysburg to Guadalcanal and Concord to Kabul. America's best 27 00:02:32,440 --> 00:02:35,440 Speaker 3: and the America's bravest have fought, bled and died so 28 00:02:35,480 --> 00:02:39,160 Speaker 3: that we could pick up the torch of liberty, raise 29 00:02:39,240 --> 00:02:43,200 Speaker 3: it high, high high, and carry it onward to places 30 00:02:43,280 --> 00:02:47,280 Speaker 3: they could never have dreamed of before. The sacrifice that 31 00:02:47,320 --> 00:02:49,720 Speaker 3: they made was not merely for a single battle, a 32 00:02:49,800 --> 00:02:54,799 Speaker 3: long ago victory, or a fleeting triumph decades or century's best. 33 00:02:56,080 --> 00:03:02,919 Speaker 3: Their sacrifice was for today, tomorrow, every morning thereafter, every 34 00:03:03,000 --> 00:03:05,760 Speaker 3: child that lives in peace, every home that is filled 35 00:03:05,800 --> 00:03:09,560 Speaker 3: with joy and love. Every day the Republic stands is 36 00:03:09,960 --> 00:03:13,520 Speaker 3: only possible because of those who did what had to 37 00:03:13,560 --> 00:03:18,600 Speaker 3: be done when duty called, and the cost was everything 38 00:03:19,120 --> 00:03:23,680 Speaker 3: to them and to their families. Our debt to them 39 00:03:23,760 --> 00:03:27,640 Speaker 3: is eternal, and it does not diminish with time. It 40 00:03:27,680 --> 00:03:30,360 Speaker 3: only grows and grows and grows with. 41 00:03:30,360 --> 00:03:31,440 Speaker 4: Each passing year. 42 00:03:32,440 --> 00:03:35,600 Speaker 3: The greatest monument to their courage is not carved in 43 00:03:35,680 --> 00:03:39,280 Speaker 3: marble or cast in bronze. It's all around US, an 44 00:03:39,280 --> 00:03:44,080 Speaker 3: American nation three hundred and twenty five million strong, which 45 00:03:44,120 --> 00:03:48,600 Speaker 3: will soon be greater than it has ever been before. 46 00:03:48,760 --> 00:03:58,080 Speaker 4: It will be so Nika. 47 00:03:58,560 --> 00:04:03,000 Speaker 5: Chancellor Marx's announcement that the range limits will be removed 48 00:04:03,080 --> 00:04:06,800 Speaker 5: is significant in terms of the damage that these missiles 49 00:04:06,800 --> 00:04:11,160 Speaker 5: can do to Russian cities as far away as Moscow. 50 00:04:12,000 --> 00:04:17,320 Speaker 5: The German Taurus missile is reportedly able to reach three 51 00:04:17,360 --> 00:04:21,520 Speaker 5: hundred miles, which would allow it to hit Moscow. The 52 00:04:21,560 --> 00:04:25,279 Speaker 5: British storm Shadow has got a range of one hundred 53 00:04:25,320 --> 00:04:29,440 Speaker 5: and fifty five miles. The Attackums missiles that the US 54 00:04:29,520 --> 00:04:32,760 Speaker 5: supplies can go one hundred and ninety miles, but there 55 00:04:32,760 --> 00:04:35,200 Speaker 5: have been limits on how much of that range can 56 00:04:35,240 --> 00:04:38,799 Speaker 5: be used, and the Russians have simply moved their key 57 00:04:39,800 --> 00:04:43,640 Speaker 5: airfields and the supply depots back out of range. So 58 00:04:43,720 --> 00:04:47,560 Speaker 5: this is a significant step to put targets that would 59 00:04:47,600 --> 00:04:51,719 Speaker 5: be valuable to Russia within range of weapons that Ukraine 60 00:04:51,800 --> 00:04:56,120 Speaker 5: either has or is getting in large quantities, like the 61 00:04:56,200 --> 00:05:02,400 Speaker 5: German Taurus more generally Nika. This moment, right now is 62 00:05:02,520 --> 00:05:07,159 Speaker 5: crunch time for Donald Trump on Ukraine and on Russia. 63 00:05:07,920 --> 00:05:12,200 Speaker 5: Vladimir Putin in effect, has disrespected him directly. I made 64 00:05:12,400 --> 00:05:16,159 Speaker 5: a survey of all the statements that Trump has made 65 00:05:16,680 --> 00:05:20,560 Speaker 5: since January, threatening sanctions, warning Putin, telling Putin if he 66 00:05:20,560 --> 00:05:24,040 Speaker 5: didn't come to the table, there'd be trouble, and he is. 67 00:05:24,279 --> 00:05:27,919 Speaker 5: Putin has ignored every one of them. He's refused the 68 00:05:28,000 --> 00:05:33,080 Speaker 5: compromise proposals that Trump has suggested, He's refused to cease fire. 69 00:05:33,800 --> 00:05:37,800 Speaker 5: So now Trump really is in the situation where he's 70 00:05:37,839 --> 00:05:40,920 Speaker 5: going to have to insert some real pressure on Putin 71 00:05:40,960 --> 00:05:44,200 Speaker 5: to get these negotiations back on track or visibly give 72 00:05:44,320 --> 00:05:50,240 Speaker 5: up as the Russians fire their ballistic missiles and drones 73 00:05:50,279 --> 00:05:54,800 Speaker 5: on Key, which would be very, very unattractive, I want 74 00:05:54,800 --> 00:05:56,839 Speaker 5: to say, humiliating situation for Trump. 75 00:05:57,320 --> 00:06:00,760 Speaker 3: But under the Trump administration, those days are over. 76 00:06:01,720 --> 00:06:02,840 Speaker 1: We're getting rid of the. 77 00:06:02,960 --> 00:06:07,040 Speaker 3: Distractions and we're focusing our military on its core mission, 78 00:06:07,839 --> 00:06:14,039 Speaker 3: crushing America's adversaries, killing America's enemies, and defending our great 79 00:06:14,400 --> 00:06:25,479 Speaker 3: American flag like it has never been defended before. The 80 00:06:25,640 --> 00:06:29,360 Speaker 3: job of the US Armed Forces is not to host 81 00:06:29,680 --> 00:06:36,240 Speaker 3: drag shows, to transform foreign cultures, or to spread democracy 82 00:06:36,440 --> 00:06:40,440 Speaker 3: to everybody around the world. At the point of a gun. 83 00:06:41,040 --> 00:06:45,240 Speaker 3: The militari's job is to dominate any foe and annihilate 84 00:06:45,360 --> 00:06:57,800 Speaker 3: any threat to America anywhere, anytime, in any place. A 85 00:06:57,880 --> 00:07:01,080 Speaker 3: big part of that job is to be respected again. 86 00:07:01,680 --> 00:07:04,599 Speaker 3: And you are, as of right now respected more than 87 00:07:04,680 --> 00:07:06,799 Speaker 3: any army anywhere in the world. 88 00:07:06,880 --> 00:07:07,719 Speaker 4: And that's happening. 89 00:07:07,760 --> 00:07:11,960 Speaker 3: And I can tell you you are respected like nobody 90 00:07:12,000 --> 00:07:12,600 Speaker 3: can believe. 91 00:08:01,360 --> 00:08:06,480 Speaker 4: This is the final scream of a dying regime. Pray 92 00:08:06,560 --> 00:08:09,880 Speaker 4: for our enemies because we're going to medieval. 93 00:08:09,400 --> 00:08:10,000 Speaker 6: On these people. 94 00:08:11,240 --> 00:08:13,840 Speaker 4: You've not got a free shot. All these networks lying 95 00:08:14,640 --> 00:08:16,840 Speaker 4: about the people. The people have had a belly full 96 00:08:16,880 --> 00:08:19,000 Speaker 4: of it. I know you don't like hearing that. I 97 00:08:19,000 --> 00:08:20,280 Speaker 4: know you tried to do everything in the world to 98 00:08:20,280 --> 00:08:21,800 Speaker 4: stop that, but you're not going to stop it. It's 99 00:08:21,880 --> 00:08:24,160 Speaker 4: going to happen. And where do people like that go 100 00:08:24,360 --> 00:08:25,720 Speaker 4: to share the big line? 101 00:08:26,280 --> 00:08:27,560 Speaker 1: Mega media? 102 00:08:27,680 --> 00:08:30,800 Speaker 7: I wish in my soul, I wish that any of 103 00:08:30,800 --> 00:08:32,920 Speaker 7: these people had a conscience. 104 00:08:33,080 --> 00:08:36,280 Speaker 4: Ask yourself, what is my task and what is my purpose. 105 00:08:36,920 --> 00:08:39,160 Speaker 1: If that answer is to save. 106 00:08:39,040 --> 00:08:41,720 Speaker 6: My country, this country. 107 00:08:41,360 --> 00:08:43,040 Speaker 4: Will be saved. 108 00:08:43,280 --> 00:08:46,199 Speaker 1: Or use your host Stephen Kba. 109 00:08:53,040 --> 00:08:55,760 Speaker 7: Tuesday twenty seven million, the year of for Lord, twenty 110 00:08:55,960 --> 00:08:56,679 Speaker 7: twenty five. 111 00:08:57,320 --> 00:08:59,360 Speaker 4: It is a Memorial Day week. 112 00:09:00,600 --> 00:09:02,800 Speaker 7: The House and the Senate are out back in their 113 00:09:02,840 --> 00:09:05,240 Speaker 7: districts getting feedback on. 114 00:09:05,240 --> 00:09:07,720 Speaker 4: The Big Beautiful Bill. A lot of updates on that 115 00:09:07,800 --> 00:09:08,520 Speaker 4: later in the show. 116 00:09:09,600 --> 00:09:12,880 Speaker 7: Drudge the Macdaddy over the last twenty four hours has 117 00:09:12,920 --> 00:09:16,439 Speaker 7: talked about the heigh likelihood that the kinetic part of 118 00:09:16,480 --> 00:09:19,640 Speaker 7: the Third World War is actually going to metastasize, and 119 00:09:19,640 --> 00:09:24,240 Speaker 7: with the German decision to basically give authorization to the 120 00:09:24,320 --> 00:09:27,439 Speaker 7: Ukrainians to start hitting using missiles that hit deeper into 121 00:09:27,480 --> 00:09:33,080 Speaker 7: Russian territory, it is very close to metastasizing. 122 00:09:33,160 --> 00:09:33,840 Speaker 4: As we've worn. 123 00:09:33,920 --> 00:09:37,760 Speaker 7: President Trump obviously all over this in the last twenty 124 00:09:37,800 --> 00:09:40,240 Speaker 7: four to forty eight hours and through today. I'm sure 125 00:09:40,240 --> 00:09:43,240 Speaker 7: we'll be hearing some announcements also what's happening in the 126 00:09:43,240 --> 00:09:46,880 Speaker 7: Middle East. I want to go first because at the 127 00:09:46,920 --> 00:09:51,040 Speaker 7: same time we talk about the Third World War, the 128 00:09:51,120 --> 00:09:54,520 Speaker 7: kinetic part around the rim of the Eurasian land mass. 129 00:09:54,679 --> 00:09:58,079 Speaker 7: The continued exercises of the Chinese Commanist Party, the People's 130 00:09:58,080 --> 00:10:02,720 Speaker 7: Liberation Army, the People's Liberation Navy around Taiwan can't be 131 00:10:02,720 --> 00:10:06,240 Speaker 7: looked at as exercises anymore. It's obviously pre planning and 132 00:10:06,280 --> 00:10:09,000 Speaker 7: pre exercises for an invasion. 133 00:10:09,080 --> 00:10:11,160 Speaker 4: I mean, there's no other way you can look at it. 134 00:10:11,480 --> 00:10:15,280 Speaker 7: And our great ally in South Korea that is right 135 00:10:15,360 --> 00:10:17,320 Speaker 7: in the heart of all of it is under siege 136 00:10:17,360 --> 00:10:22,320 Speaker 7: by the Chinese Communist Party. That last clip in the 137 00:10:22,400 --> 00:10:26,520 Speaker 7: in the Cold Open was just an incredible outpouring of 138 00:10:27,720 --> 00:10:31,600 Speaker 7: love for the United States because a delegation went over 139 00:10:31,640 --> 00:10:34,520 Speaker 7: there to monitor the election. We have them here today, 140 00:10:35,000 --> 00:10:41,760 Speaker 7: Ambassador Tan, the Colonel Grant Newsom, the Great Marine Corps 141 00:10:41,800 --> 00:10:45,839 Speaker 7: colonels wrote the incredible book about When China Attacks, and 142 00:10:45,840 --> 00:10:49,320 Speaker 7: and of course our own Colonel John Mills. Gentlemen, thank 143 00:10:49,360 --> 00:10:52,959 Speaker 7: you so much for joining us as everything else in 144 00:10:53,000 --> 00:10:56,680 Speaker 7: the world is on fire, from Gaza to the Red 145 00:10:56,760 --> 00:10:59,600 Speaker 7: Sea to particularly Ukraine and now around Taiwan. 146 00:11:00,040 --> 00:11:01,240 Speaker 4: And Bastard, let's start with you. 147 00:11:01,480 --> 00:11:05,040 Speaker 7: What is the current situation in a South Korea with 148 00:11:05,080 --> 00:11:09,240 Speaker 7: this very important election that is upon us, Sir. 149 00:11:10,559 --> 00:11:14,800 Speaker 8: Yes, you have a grey zone war going on against 150 00:11:14,800 --> 00:11:19,760 Speaker 8: the Korean democracy. You have all sorts of ways in 151 00:11:19,800 --> 00:11:24,160 Speaker 8: which cheating is being set up to happen. Whether it's 152 00:11:24,880 --> 00:11:30,960 Speaker 8: multiplying the votes from abroad, whether it's starting tomorrow, we'll 153 00:11:30,960 --> 00:11:34,360 Speaker 8: see what happens. But early voting starts tomorrow, and this 154 00:11:34,440 --> 00:11:39,440 Speaker 8: is where they have cheated frequently in the past. And 155 00:11:40,840 --> 00:11:45,280 Speaker 8: one aspect of that is there saying that you don't 156 00:11:45,400 --> 00:11:51,680 Speaker 8: have to have a specific signature through a personal stamp 157 00:11:52,280 --> 00:11:55,840 Speaker 8: of an election monitor on the ballot. All you need 158 00:11:55,960 --> 00:11:59,200 Speaker 8: is a pre printed copy. Well, that of course makes 159 00:11:59,240 --> 00:12:03,400 Speaker 8: it much eier to cheat, and so the steal is on. 160 00:12:04,720 --> 00:12:09,240 Speaker 8: And we are trying to be a deterrent, a voice 161 00:12:09,280 --> 00:12:13,199 Speaker 8: and influence against that. And we just had a major 162 00:12:13,679 --> 00:12:18,240 Speaker 8: press conference over at the National Press Club today and 163 00:12:18,280 --> 00:12:21,600 Speaker 8: we have a whole series of other meetings scheduled coming 164 00:12:21,679 --> 00:12:26,040 Speaker 8: up as well. But this is a place where China 165 00:12:26,040 --> 00:12:29,000 Speaker 8: would like to take over, the Chinese Communist Party would 166 00:12:29,040 --> 00:12:31,440 Speaker 8: like to take over. Without firing a shot. 167 00:12:34,080 --> 00:12:35,520 Speaker 7: Before I go to the other guys, I want to 168 00:12:35,559 --> 00:12:39,400 Speaker 7: continue just to talk to us about the Korean political establishment, 169 00:12:39,440 --> 00:12:44,000 Speaker 7: particularly on the conservative side. It has appeared to outsiders 170 00:12:44,679 --> 00:12:48,640 Speaker 7: to be a ted, disorganized and really not taking the 171 00:12:48,679 --> 00:12:53,040 Speaker 7: fight to this kind of group of radicals that forced 172 00:12:53,080 --> 00:12:58,040 Speaker 7: out the previous president in a scene to somehow be 173 00:12:58,080 --> 00:13:01,800 Speaker 7: aligned with the Chinese Communist Party. Is that a misinterpretation 174 00:13:02,280 --> 00:13:05,240 Speaker 7: of ourselves? And others in the United States are kind 175 00:13:05,240 --> 00:13:09,160 Speaker 7: of confused how this could how do this develop into 176 00:13:09,160 --> 00:13:11,240 Speaker 7: this race? So it looks like the opposition is leading 177 00:13:11,320 --> 00:13:11,720 Speaker 7: right now. 178 00:13:13,440 --> 00:13:16,280 Speaker 8: No, I think you're right on, and even in the 179 00:13:16,320 --> 00:13:21,240 Speaker 8: Conservative People's Power Party they are not standing up for 180 00:13:21,320 --> 00:13:27,520 Speaker 8: election integrity and for whatever reasons, they are not in 181 00:13:27,559 --> 00:13:29,440 Speaker 8: the fight along these lines. 182 00:13:32,080 --> 00:13:34,440 Speaker 7: Ambassador, can you hang on for a second. We've got 183 00:13:34,600 --> 00:13:38,839 Speaker 7: Colonel Neusham our expert on the Chinese Communist Party, and 184 00:13:38,880 --> 00:13:41,920 Speaker 7: it's the People's Liberation Army and Navy in their plans, 185 00:13:41,920 --> 00:13:46,400 Speaker 7: particularly around Taiwan, also Colonel John Mills. They're there with 186 00:13:46,559 --> 00:13:50,359 Speaker 7: Ambassador Tant leading a delegation to focus on election integrity. 187 00:13:50,400 --> 00:13:53,640 Speaker 7: And given what we just saw in Romania, given what's 188 00:13:53,679 --> 00:13:56,680 Speaker 7: happened in Germany with Alternative for deutsch Land, they're trying 189 00:13:56,679 --> 00:13:59,680 Speaker 7: to suppress that party. Given what's happened in France with 190 00:14:00,320 --> 00:14:03,360 Speaker 7: Marie La Penn getting four years in prison, what's happening 191 00:14:03,440 --> 00:14:08,200 Speaker 7: in Brazil with Bolsonaro. New report they've opened an investigation 192 00:14:08,440 --> 00:14:13,679 Speaker 7: in Brazil on Edwardo Balsonaro as they for this very 193 00:14:13,760 --> 00:14:16,920 Speaker 7: reason talking about the stealing of the last election. His 194 00:14:16,960 --> 00:14:19,800 Speaker 7: father's already on trial, as you know, they want to 195 00:14:19,840 --> 00:14:20,560 Speaker 7: put him in prison. 196 00:14:20,680 --> 00:14:23,000 Speaker 4: Edward and Bolsonaro will be with us this evening on 197 00:14:23,120 --> 00:14:24,840 Speaker 4: the Afternoon and Evening. 198 00:14:24,520 --> 00:14:28,360 Speaker 7: Show to discuss this what President Trump and what this audience, 199 00:14:28,440 --> 00:14:31,640 Speaker 7: what we went through from election day in twenty twenty 200 00:14:31,760 --> 00:14:35,120 Speaker 7: all the way through the election twenty twenty four. Election 201 00:14:35,280 --> 00:14:39,440 Speaker 7: integrity is top of the list. In South Korea, our 202 00:14:39,520 --> 00:14:43,160 Speaker 7: most vital ally is now under the gun. 203 00:14:43,240 --> 00:14:46,400 Speaker 4: Short commercial break, We'll returned to Soul, South Korea in 204 00:14:46,440 --> 00:14:46,880 Speaker 4: a moment. 205 00:15:00,480 --> 00:15:11,440 Speaker 1: Use your host, Stephen Kba. 206 00:15:07,680 --> 00:15:10,760 Speaker 4: Okay, welcome back. Let's go to Grant Newsham. 207 00:15:10,760 --> 00:15:13,120 Speaker 7: You're an expert on the Chinese Compties party, particular their 208 00:15:13,160 --> 00:15:16,480 Speaker 7: attack plans to roll us up in a connect part 209 00:15:16,480 --> 00:15:19,400 Speaker 7: of the Third World War. It looks like they're subverting 210 00:15:20,720 --> 00:15:23,040 Speaker 7: actually the government of South Korea, the people of South 211 00:15:23,120 --> 00:15:26,440 Speaker 7: Korea with a pre smart influence operation. 212 00:15:26,560 --> 00:15:27,440 Speaker 4: Am I wrong? There? 213 00:15:28,640 --> 00:15:29,160 Speaker 6: No, you're not. 214 00:15:29,280 --> 00:15:31,960 Speaker 9: They're trying to win without fighting the idea is to 215 00:15:32,520 --> 00:15:38,080 Speaker 9: capitalize on hardcore radicals in South Korea, to have them 216 00:15:38,520 --> 00:15:41,200 Speaker 9: take every lever of power in the country and just 217 00:15:41,280 --> 00:15:45,120 Speaker 9: move the country over to Korea. It's over to North Korea, 218 00:15:45,160 --> 00:15:48,320 Speaker 9: over to China and away from the United States. Most 219 00:15:48,320 --> 00:15:51,600 Speaker 9: people don't want that to happen, but a hardcore group 220 00:15:51,640 --> 00:15:55,680 Speaker 9: of committed radicals is within reach of really taking the 221 00:15:55,720 --> 00:15:59,920 Speaker 9: country and moving it away from the US to China. 222 00:16:00,120 --> 00:16:01,760 Speaker 9: So winning without fighting. 223 00:16:04,040 --> 00:16:07,440 Speaker 7: This okay, if and because the elections upon us early 224 00:16:07,560 --> 00:16:10,240 Speaker 7: voting starts tomorrow, will know the outcome in a couple 225 00:16:10,280 --> 00:16:12,120 Speaker 7: of weeks. I understand you guys are there fight for 226 00:16:12,200 --> 00:16:14,080 Speaker 7: election integrity, which we need to do because they will 227 00:16:14,080 --> 00:16:16,640 Speaker 7: try to steal it. But if you think about it, 228 00:16:16,680 --> 00:16:19,600 Speaker 7: if we were to lose South Korea in this election 229 00:16:20,920 --> 00:16:22,640 Speaker 7: and turn over to this group of radicals that are 230 00:16:22,640 --> 00:16:25,200 Speaker 7: aligned with the Chinese Commanist Party, and we know that 231 00:16:25,280 --> 00:16:29,040 Speaker 7: at least a third of the people I think twenty 232 00:16:29,080 --> 00:16:33,960 Speaker 7: five percent to a third in Taiwan are open to 233 00:16:34,080 --> 00:16:37,200 Speaker 7: CCP being a province and not an independent nation. 234 00:16:37,480 --> 00:16:38,880 Speaker 4: Maybe I'm a little high there, but I don't think 235 00:16:38,880 --> 00:16:42,840 Speaker 4: I'm too high. You then have two fifth columns. 236 00:16:43,920 --> 00:16:46,880 Speaker 7: This is this is this not the preamble to the 237 00:16:46,960 --> 00:16:51,480 Speaker 7: Chinese communist parties assault on Taiwan? I mean, these exercises. 238 00:16:51,520 --> 00:16:54,080 Speaker 7: I'd like to get your opinion. I've been following very closely. 239 00:16:54,240 --> 00:16:57,080 Speaker 7: Captain Fanilla. Know this has been great in getting the information, 240 00:16:57,280 --> 00:17:00,360 Speaker 7: but in others, but these are not You can't say 241 00:17:00,360 --> 00:17:04,680 Speaker 7: these are exercises anymore. This is essentially you know, this 242 00:17:04,760 --> 00:17:07,920 Speaker 7: is not just pre planning. This is they're going through 243 00:17:07,960 --> 00:17:11,240 Speaker 7: the exercise of actually the air naval blockade and the 244 00:17:11,280 --> 00:17:15,680 Speaker 7: air assault into Taiwan. And so isn't the South Korean 245 00:17:15,720 --> 00:17:18,800 Speaker 7: election coupled with the fifth column, the large fifth column 246 00:17:18,800 --> 00:17:22,320 Speaker 7: in Taiwan the preamble for their invasion, Sir. 247 00:17:23,840 --> 00:17:24,399 Speaker 4: Yes, it is. 248 00:17:24,480 --> 00:17:27,160 Speaker 9: It gives the Chinese a lot of momentum. They could 249 00:17:27,200 --> 00:17:31,280 Speaker 9: win this, have their proxies in South Korea win the election, 250 00:17:31,680 --> 00:17:35,159 Speaker 9: so it gives them a momentum. And with Taiwan they 251 00:17:35,280 --> 00:17:39,280 Speaker 9: viewed some of the similar tactics. Particularly in South Korea, 252 00:17:39,800 --> 00:17:45,320 Speaker 9: the leftist control of the legislature really hamstrung the conservative president, 253 00:17:45,720 --> 00:17:50,080 Speaker 9: the basically pro Chinese KMT in Taiwan has done the 254 00:17:50,119 --> 00:17:55,560 Speaker 9: same thing to really the pro freedom president of Taiwan. 255 00:17:55,760 --> 00:17:58,640 Speaker 9: They made life miserable for him with their control of 256 00:17:58,680 --> 00:18:02,320 Speaker 9: the legislature. So if you can get get South Korea, 257 00:18:02,480 --> 00:18:05,320 Speaker 9: you've got a huge distraction up there. You've got momentum. 258 00:18:05,680 --> 00:18:08,159 Speaker 9: You may get the Taiwanese even to roll over. But 259 00:18:08,480 --> 00:18:12,480 Speaker 9: as you said, Steve, what they're doing militarily around Taiwan, 260 00:18:12,560 --> 00:18:15,640 Speaker 9: it's not just posturing. If they want to pull the trigger, 261 00:18:15,960 --> 00:18:17,480 Speaker 9: they can move any time they want. 262 00:18:20,040 --> 00:18:25,320 Speaker 7: The exercises now are rehearsal, as the warream Engine reminds me, it's. 263 00:18:25,160 --> 00:18:28,040 Speaker 4: A rehearsal for an invasion. People. You have to see 264 00:18:28,040 --> 00:18:28,800 Speaker 4: what you see here. 265 00:18:29,560 --> 00:18:31,320 Speaker 7: And I realized some of the folks say we can't 266 00:18:31,320 --> 00:18:33,600 Speaker 7: get involved, Well, you better be ready for your economy 267 00:18:33,600 --> 00:18:35,880 Speaker 7: to drop twenty five percent because all the advanced chip 268 00:18:35,920 --> 00:18:39,679 Speaker 7: design and production is done there right with the it 269 00:18:39,680 --> 00:18:42,840 Speaker 7: will be a nuclear winter for the American economy. If 270 00:18:42,840 --> 00:18:46,119 Speaker 7: the Chinese Commists party forget the moral and the ethical 271 00:18:46,200 --> 00:18:48,040 Speaker 7: and the standing with an Ally and all that, put 272 00:18:48,040 --> 00:18:51,880 Speaker 7: that aside, just look at the real politique of what's happening. 273 00:18:51,920 --> 00:18:55,480 Speaker 7: And I hate to add more bad news, but the 274 00:18:55,560 --> 00:18:58,640 Speaker 7: last seventy two hours have been an absolute for the 275 00:18:58,640 --> 00:19:03,480 Speaker 7: fiasco in Japan and talking about their finances. I mean, 276 00:19:03,520 --> 00:19:06,800 Speaker 7: the Japanese can't sell long term bonds. They announced today 277 00:19:06,800 --> 00:19:08,560 Speaker 7: I think for the first time in thirty five years, 278 00:19:08,560 --> 00:19:12,240 Speaker 7: they're not a creditor nation anymore. They're in these trade 279 00:19:12,240 --> 00:19:14,040 Speaker 7: discussions with the United States, and I can tell you 280 00:19:14,080 --> 00:19:17,360 Speaker 7: they're talking about the tradion dollars of government securities they 281 00:19:17,400 --> 00:19:19,760 Speaker 7: own and how that has to be part of a package. 282 00:19:20,280 --> 00:19:23,440 Speaker 7: So our great ally in Japan is in horrible financial 283 00:19:23,480 --> 00:19:26,440 Speaker 7: shape and distracted. In South Korea you have Chinese Commantist 284 00:19:26,440 --> 00:19:29,919 Speaker 7: Party trying to steal an election. In Taiwan, you have 285 00:19:29,960 --> 00:19:31,840 Speaker 7: a fifth comedy you already have, as you said, the 286 00:19:31,880 --> 00:19:35,439 Speaker 7: election we've be the president and the executive branch is conservative, 287 00:19:35,440 --> 00:19:39,320 Speaker 7: but the legislatures quite left us. The Chinese Communist Party, 288 00:19:39,560 --> 00:19:42,360 Speaker 7: whether it's Japan, South Korea or Taiwan, has done an 289 00:19:42,359 --> 00:19:46,359 Speaker 7: excellent job of infiltrating these So Colonel Mills, what do 290 00:19:46,400 --> 00:19:48,560 Speaker 7: you guys intend to do? Is this just is just 291 00:19:48,640 --> 00:19:51,480 Speaker 7: this symbolic? Are you guys actually think you're going to 292 00:19:51,520 --> 00:19:54,840 Speaker 7: have an impact here, particularly on election integrity? I mean, 293 00:19:54,840 --> 00:20:00,200 Speaker 7: the reception you've gotten is extraordinary given the size of 294 00:19:59,920 --> 00:20:02,320 Speaker 7: the the force that we're sending over there. 295 00:20:02,359 --> 00:20:03,280 Speaker 4: It's been extraordinary. 296 00:20:03,320 --> 00:20:07,680 Speaker 7: So the Korean people obviously want this, But what type 297 00:20:07,680 --> 00:20:09,520 Speaker 7: of impact are you guys going to try to have 298 00:20:09,560 --> 00:20:11,360 Speaker 7: and what do you think you actually will have? 299 00:20:13,600 --> 00:20:17,879 Speaker 10: Well, Steve, this is political warfare, this is information warfare. 300 00:20:18,160 --> 00:20:20,639 Speaker 10: First and foremost. We want to show the South Korean 301 00:20:20,680 --> 00:20:24,719 Speaker 10: people America is paying attention. This is huge and shows 302 00:20:24,920 --> 00:20:27,560 Speaker 10: an impact. We want to let them know we have 303 00:20:27,640 --> 00:20:32,199 Speaker 10: a special relationship that's been forged in blood, fire and 304 00:20:32,320 --> 00:20:35,600 Speaker 10: steel over the years, and that we are paying attention 305 00:20:35,640 --> 00:20:37,880 Speaker 10: and we care about what's going on. The second thing 306 00:20:38,000 --> 00:20:44,560 Speaker 10: is paying attention, and here's election observers to give scrutiny 307 00:20:44,600 --> 00:20:48,920 Speaker 10: and attention to the National Election Commission. This is part 308 00:20:48,920 --> 00:20:53,360 Speaker 10: of this international racket of election stealing that's been going 309 00:20:53,400 --> 00:20:56,960 Speaker 10: on essentially since the nineties and the original writing of 310 00:20:57,080 --> 00:21:02,000 Speaker 10: software for election machines in Serbia Venezuela. This is the 311 00:21:02,040 --> 00:21:06,159 Speaker 10: fruit and the outcome of this international election racket. And 312 00:21:06,160 --> 00:21:09,800 Speaker 10: they've centralized the election so as opposed to the United States, 313 00:21:09,840 --> 00:21:13,439 Speaker 10: where it's all about the county, here there's almost nothing 314 00:21:13,480 --> 00:21:16,399 Speaker 10: they can do. Everything is centralized. They've already printed up 315 00:21:16,440 --> 00:21:21,520 Speaker 10: the ballots with the pre approved stamp of the precinct 316 00:21:21,600 --> 00:21:26,520 Speaker 10: election officer, and it's not it's that Asian stamp they 317 00:21:26,680 --> 00:21:29,880 Speaker 10: like to put on items, but it's not even personalized 318 00:21:29,920 --> 00:21:33,000 Speaker 10: to the name of that election officer. It's crazy. They've 319 00:21:33,000 --> 00:21:37,760 Speaker 10: preprinted the ballots with the approval stamp. The thumb prints 320 00:21:37,800 --> 00:21:40,040 Speaker 10: don't even work, they don't match the thumb print, and 321 00:21:40,119 --> 00:21:45,000 Speaker 10: they immediately purge the image of the thumb prints. Anyway, 322 00:21:45,080 --> 00:21:49,360 Speaker 10: it's all a charade as far as election integrity. And 323 00:21:49,800 --> 00:21:54,159 Speaker 10: they've already the early voting and the overseas ballots just 324 00:21:54,160 --> 00:21:57,119 Speaker 10: like they're playing with military ballots with us. It's the 325 00:21:57,160 --> 00:22:01,000 Speaker 10: overseas ballots that the numbers are extraordinary on precedence. That's 326 00:22:01,000 --> 00:22:03,840 Speaker 10: the third thing. We also want to be a deterrence 327 00:22:03,920 --> 00:22:07,639 Speaker 10: to the foreign influence operation, which is China. One of 328 00:22:07,640 --> 00:22:10,440 Speaker 10: the big questions how did this is like Hong Kong 329 00:22:10,560 --> 00:22:13,760 Speaker 10: two dot oh, And we asked them today, how did 330 00:22:13,760 --> 00:22:17,400 Speaker 10: this happen with the Moon Jay in signing the police 331 00:22:17,440 --> 00:22:22,719 Speaker 10: agreement where you have Chinese Chinese personnel over here acting 332 00:22:22,760 --> 00:22:27,800 Speaker 10: as paramilitary police just like in Hong Kong. This is 333 00:22:27,800 --> 00:22:32,200 Speaker 10: crazy that people are angry, they're scared, they want to fight, 334 00:22:32,920 --> 00:22:35,639 Speaker 10: but we don't want to wake up June fourth and 335 00:22:35,680 --> 00:22:38,520 Speaker 10: then have a debate over who lost South Korea. 336 00:22:38,640 --> 00:22:42,320 Speaker 7: We need to pay attention to this now now. So 337 00:22:42,480 --> 00:22:46,400 Speaker 7: Ambassador Tan, here's what I don't get. I understand Ukraine 338 00:22:46,800 --> 00:22:49,800 Speaker 7: is a shooting war, and it's actually it looks like 339 00:22:49,840 --> 00:22:54,000 Speaker 7: it's getting worse. I understanding Gaza a disaster, the pushing 340 00:22:54,080 --> 00:22:58,760 Speaker 7: of this thing of attacks into Persia horrible, the Red Sea, 341 00:22:58,920 --> 00:23:01,520 Speaker 7: and we do have a carry Battlegrouer Kerry Strike group 342 00:23:01,600 --> 00:23:04,680 Speaker 7: that's going back to Norfolk right now, so we only 343 00:23:04,720 --> 00:23:08,680 Speaker 7: have one there currently. However, on a scale from one 344 00:23:08,720 --> 00:23:11,560 Speaker 7: to ten, one being Bannon's hairs just on fire on 345 00:23:11,600 --> 00:23:16,199 Speaker 7: a new topic, ten being defcon one, how serious is 346 00:23:16,240 --> 00:23:20,240 Speaker 7: this situation in all of East Asia, but particularly focused 347 00:23:20,280 --> 00:23:22,359 Speaker 7: on our great ally in South Korea, Sir. 348 00:23:24,520 --> 00:23:28,440 Speaker 8: I would say it's a seven point five. What we're 349 00:23:28,440 --> 00:23:34,879 Speaker 8: seeing is like an anaconda slowly curling around and crushing 350 00:23:35,240 --> 00:23:40,760 Speaker 8: its prey. Because you have this rising tyranny of leftists 351 00:23:41,920 --> 00:23:45,679 Speaker 8: that is going on because they have a supermajority in 352 00:23:45,720 --> 00:23:49,600 Speaker 8: the National Assembly. You have these North Korea study groups 353 00:23:49,640 --> 00:23:53,400 Speaker 8: amongst the judiciary, and they've been making some awfully bad 354 00:23:53,440 --> 00:23:56,960 Speaker 8: decisions in the Constitutional Court and in the Supreme Court, 355 00:23:57,400 --> 00:24:00,719 Speaker 8: for example, in the removal of President Yun. They are 356 00:24:00,760 --> 00:24:02,920 Speaker 8: wrong on the facts, they are wrong on the law, 357 00:24:03,240 --> 00:24:08,359 Speaker 8: and in fact, the martial law declaration itself was focused 358 00:24:08,440 --> 00:24:13,400 Speaker 8: on awakening the Korean people to the election fraud that 359 00:24:13,480 --> 00:24:17,480 Speaker 8: has been going on, and so if they gained the 360 00:24:17,560 --> 00:24:22,639 Speaker 8: presidency as well. They also have a lot of the schools, 361 00:24:22,720 --> 00:24:25,800 Speaker 8: they have a lot of the media, they have the unions, 362 00:24:26,359 --> 00:24:30,840 Speaker 8: and so as they are marching through the institutions, they 363 00:24:30,960 --> 00:24:34,560 Speaker 8: are strangling the country. 364 00:24:35,160 --> 00:24:37,240 Speaker 4: You've seen this playbook before, folks. 365 00:24:37,880 --> 00:24:39,680 Speaker 7: This is what you've voted for to have President Trump 366 00:24:39,760 --> 00:24:41,720 Speaker 7: take it apart here and we've got Harvard get so 367 00:24:41,800 --> 00:24:44,560 Speaker 7: much more to get into today, Ambassard Tan, We're going 368 00:24:44,600 --> 00:24:45,400 Speaker 7: to be following this daily. 369 00:24:45,480 --> 00:24:47,600 Speaker 4: What is your social media? How do people follow you? 370 00:24:47,640 --> 00:24:47,840 Speaker 10: Sir? 371 00:24:49,440 --> 00:24:54,000 Speaker 8: I'm on Facebook and that's the main social media that 372 00:24:54,359 --> 00:24:55,120 Speaker 8: I post on. 373 00:24:57,440 --> 00:25:00,320 Speaker 4: And what's your handle there? How do people get to you? 374 00:25:02,400 --> 00:25:06,840 Speaker 8: I think it's just my name morstand. 375 00:25:08,480 --> 00:25:11,800 Speaker 7: Okay, fine, we will push that out, Colonel Newsham. Where 376 00:25:11,840 --> 00:25:13,520 Speaker 7: do people get to you first? Where they get took 377 00:25:13,680 --> 00:25:16,800 Speaker 7: your book amazing book, that'll make it tough to sleep 378 00:25:16,840 --> 00:25:17,639 Speaker 7: at night after you read it. 379 00:25:17,640 --> 00:25:18,320 Speaker 4: But where do they go. 380 00:25:19,720 --> 00:25:22,280 Speaker 9: You can get the book on Amazon. That's usually the 381 00:25:22,280 --> 00:25:26,400 Speaker 9: easiest way. You can find me at Twitter, at Newsham 382 00:25:26,480 --> 00:25:33,240 Speaker 9: Grant and wwwwww Grant Newsham dot com. You can find 383 00:25:33,280 --> 00:25:35,600 Speaker 9: most of my work, or at the Center for Security 384 00:25:35,640 --> 00:25:36,840 Speaker 9: Policy website. 385 00:25:39,200 --> 00:25:40,600 Speaker 4: Perfect Colonel Mills. 386 00:25:42,080 --> 00:25:46,720 Speaker 10: And Colonel Rhett John Colonel rit John on substack Colonel 387 00:25:46,880 --> 00:25:48,879 Speaker 10: Rhett John two on X. 388 00:25:51,920 --> 00:25:54,080 Speaker 7: Gentlemen, Thank you so much. Look forward to coming back 389 00:25:54,080 --> 00:25:55,200 Speaker 7: to you the next couple of days. 390 00:25:55,680 --> 00:26:01,719 Speaker 4: God speed, Thank you, thanks, thank you. You see the playbook. 391 00:26:02,640 --> 00:26:09,160 Speaker 4: You see the playbook. You see what they have come 392 00:26:09,280 --> 00:26:10,879 Speaker 4: very close to the United States to do. It's the 393 00:26:10,880 --> 00:26:13,280 Speaker 4: same playbook. It's the same playbook. 394 00:26:15,200 --> 00:26:18,080 Speaker 7: This is why President Trump, why do you think he's 395 00:26:18,160 --> 00:26:22,560 Speaker 7: bashing these institutions. Why do you think he's purging these institutions, 396 00:26:22,600 --> 00:26:25,879 Speaker 7: from law firms to the government, to the administrative state, 397 00:26:26,640 --> 00:26:28,200 Speaker 7: to Harvard to these universities. 398 00:26:28,359 --> 00:26:31,880 Speaker 4: We haven't haven't made the assault on the deep state yet. 399 00:26:31,920 --> 00:26:34,320 Speaker 7: I know this audience is quite upset about it, and 400 00:26:34,359 --> 00:26:35,000 Speaker 7: you should be. 401 00:26:36,359 --> 00:26:38,080 Speaker 4: We'll get into all of that. I want to thank 402 00:26:38,119 --> 00:26:39,320 Speaker 4: our sponsor's birch goal. 403 00:26:39,440 --> 00:26:42,280 Speaker 7: Particularly over the weekend, we were virtually commercial free at 404 00:26:42,320 --> 00:26:45,119 Speaker 7: the United States Military Academy at West Point and then 405 00:26:45,160 --> 00:26:47,840 Speaker 7: at Arlington National Seminary cover I don't know seven eight 406 00:26:47,880 --> 00:26:53,080 Speaker 7: hours of President Trump Live. Just incredible short commercial break, 407 00:26:53,320 --> 00:26:56,840 Speaker 7: take your phone out, Bannon at nine eight nine eight, 408 00:26:56,920 --> 00:27:01,360 Speaker 7: The Ultimate Guide, Hugh's your host. 409 00:27:01,280 --> 00:27:01,840 Speaker 1: Stephen k. 410 00:27:02,080 --> 00:27:09,280 Speaker 4: Bat Okay, Birch Gold, The Rio Reset July sixth. So 411 00:27:09,280 --> 00:27:09,919 Speaker 4: there's a lot. 412 00:27:09,840 --> 00:27:12,760 Speaker 7: Happening between now and July six couple of massive elections 413 00:27:13,080 --> 00:27:15,479 Speaker 7: working through the big beautiful bill. President Trump ONTs I'd 414 00:27:15,520 --> 00:27:17,520 Speaker 7: voted on by the Senate by July fourth, So we're 415 00:27:17,520 --> 00:27:18,840 Speaker 7: going to cover it all. 416 00:27:19,240 --> 00:27:21,119 Speaker 4: But make sure this is all free. 417 00:27:21,440 --> 00:27:25,879 Speaker 7: Make sure you understand about the dollars, the Prime reserve currency, debt, deficits, 418 00:27:25,920 --> 00:27:30,040 Speaker 7: all of it. We make it all understandable. Birch Gold 419 00:27:30,040 --> 00:27:34,160 Speaker 7: dot com promo code Bannon get it. The seventh free installment, 420 00:27:34,200 --> 00:27:37,159 Speaker 7: The Rio Reset on the Road to Rio with the bricks. 421 00:27:37,240 --> 00:27:40,879 Speaker 7: Nations are trying to get off the United States dollars 422 00:27:40,960 --> 00:27:44,760 Speaker 7: and that would have that would be a tectonic plate shift. 423 00:27:44,760 --> 00:27:45,960 Speaker 4: As we say. 424 00:27:46,160 --> 00:27:49,000 Speaker 7: Mina Kim is one of the top influencers among the 425 00:27:49,119 --> 00:27:51,560 Speaker 7: Korean people, particularly young people. So me, here's what I 426 00:27:51,560 --> 00:27:54,320 Speaker 7: don't get when I study this pretty closely because I 427 00:27:54,320 --> 00:27:56,359 Speaker 7: lived in an out of career South Korea for years. 428 00:27:56,359 --> 00:27:58,320 Speaker 7: Love the Korean people had a lot of business partners 429 00:27:58,359 --> 00:28:04,840 Speaker 7: over there, very entreprenur very religious Christians, particularly the Baptist Church, 430 00:28:05,400 --> 00:28:09,040 Speaker 7: very big of their big evangelical community in the Korean population. 431 00:28:10,119 --> 00:28:10,800 Speaker 4: I don't get it. 432 00:28:10,800 --> 00:28:12,720 Speaker 7: It seems to me a lot of this is driven 433 00:28:12,800 --> 00:28:15,680 Speaker 7: by young people on the left, and these young people 434 00:28:15,800 --> 00:28:19,760 Speaker 7: seem even more radical in many respects than the leftists 435 00:28:19,840 --> 00:28:22,720 Speaker 7: in the Europe. On the content of Europe and in 436 00:28:22,760 --> 00:28:25,560 Speaker 7: the United States, it seems like a lot of these 437 00:28:25,600 --> 00:28:29,520 Speaker 7: are quite attracted to the dictatorship of the Chinese Commist 438 00:28:29,560 --> 00:28:30,879 Speaker 7: Party and even North Korea. 439 00:28:30,920 --> 00:28:32,040 Speaker 4: Can you tell us what's going on? 440 00:28:33,240 --> 00:28:37,720 Speaker 11: Sure, young people in Korea are very heavily affected by 441 00:28:37,720 --> 00:28:40,840 Speaker 11: the media and especially the social media, and as you know, 442 00:28:40,920 --> 00:28:43,200 Speaker 11: a lot of social media we use as young people 443 00:28:43,600 --> 00:28:47,560 Speaker 11: are affected influenced by a Chinese Comuntist party like TikTok 444 00:28:47,640 --> 00:28:51,280 Speaker 11: and other Instagram social media. You would see Chinese character 445 00:28:51,400 --> 00:28:54,120 Speaker 11: pop up even though you don't watch, you refuse to 446 00:28:54,120 --> 00:28:57,680 Speaker 11: watch something Chinese, and that's what's happening in Korea. So 447 00:28:57,880 --> 00:28:59,960 Speaker 11: I would say, right now, in Korea, there's a real 448 00:29:00,200 --> 00:29:04,920 Speaker 11: mix of emotions, everything from deep concern to genuine hope. 449 00:29:05,400 --> 00:29:09,000 Speaker 11: And with the June third presidential election coming up, especially 450 00:29:09,040 --> 00:29:12,560 Speaker 11: especially with the young people, we're at a major turning point. 451 00:29:13,000 --> 00:29:15,680 Speaker 11: And then the young people realize that the outcome will 452 00:29:15,800 --> 00:29:18,640 Speaker 11: likely decide whether we continue down the road of freedom 453 00:29:18,920 --> 00:29:22,880 Speaker 11: with the United States or shift towards more socialists China 454 00:29:22,960 --> 00:29:25,400 Speaker 11: for China direction, And like you said, a lot of 455 00:29:25,440 --> 00:29:28,960 Speaker 11: young people respond to that, and that's because I think 456 00:29:29,200 --> 00:29:32,120 Speaker 11: the Chinese culture has been flowing into Korea. 457 00:29:33,080 --> 00:29:35,400 Speaker 12: On the streets, we see so many. 458 00:29:35,320 --> 00:29:37,560 Speaker 11: Chinese speaking people these days. 459 00:29:37,360 --> 00:29:39,400 Speaker 12: And we see so many Chinese. 460 00:29:39,000 --> 00:29:41,960 Speaker 11: Restaurants, and that's one of the tactics that Chinese people 461 00:29:42,600 --> 00:29:46,040 Speaker 11: carry to subvert or infiltrate into one country. 462 00:29:46,320 --> 00:29:49,360 Speaker 12: They bring their food. One of the famous food. 463 00:29:49,280 --> 00:29:53,320 Speaker 11: Is the hot pot, and there's a call there's something 464 00:29:53,360 --> 00:29:57,480 Speaker 11: called a fruit, sugar surefruit, which they bring to Korean 465 00:29:57,520 --> 00:30:02,320 Speaker 11: streets and they would print much influenced young generation to 466 00:30:02,320 --> 00:30:05,239 Speaker 11: be addicted to Chinese food. So I think that's one 467 00:30:05,280 --> 00:30:08,880 Speaker 11: of the tactics that Chinese people use to suffert Korean 468 00:30:08,960 --> 00:30:12,320 Speaker 11: young people to like them and like their policies. 469 00:30:16,360 --> 00:30:19,320 Speaker 4: Are you giving a warning giving us a warning? About TikTok. 470 00:30:19,320 --> 00:30:22,600 Speaker 7: Are there any restrictions on TikTok in South Korea because 471 00:30:22,600 --> 00:30:24,480 Speaker 7: we've talked about this whole thing that deals on hold 472 00:30:24,520 --> 00:30:26,360 Speaker 7: here right now, in fact that Chinese counties parties put 473 00:30:26,360 --> 00:30:29,840 Speaker 7: it on hold, but explain their audience the power of 474 00:30:29,920 --> 00:30:33,840 Speaker 7: TikTok in this situation, ma'am so okay. 475 00:30:33,600 --> 00:30:36,920 Speaker 11: So we do not have any anything against TikTok and Korea, 476 00:30:37,080 --> 00:30:40,840 Speaker 11: like in America, not a lot of politicians would raise 477 00:30:40,880 --> 00:30:41,760 Speaker 11: awareness on this. 478 00:30:42,600 --> 00:30:44,640 Speaker 12: But in Korea it's mostly. 479 00:30:44,360 --> 00:30:48,040 Speaker 11: Instagram that people use as their main social media platform, 480 00:30:48,480 --> 00:30:52,240 Speaker 11: and a lot of Instagram posts we have here has 481 00:30:52,280 --> 00:30:56,520 Speaker 11: the Chinese character algorithm for some reason applied to it, 482 00:30:56,800 --> 00:31:01,080 Speaker 11: and Koreans when we scroll down our screen cell phone screens, 483 00:31:01,400 --> 00:31:04,760 Speaker 11: we would only see Chinese character pop up and see 484 00:31:04,760 --> 00:31:08,719 Speaker 11: the video of Chinese people doing some serious, weird things 485 00:31:09,360 --> 00:31:11,320 Speaker 11: that would you know, affect the. 486 00:31:11,360 --> 00:31:12,680 Speaker 12: Korean young people's mind. 487 00:31:13,160 --> 00:31:18,400 Speaker 11: And that's something that's a very concerning point, and that's 488 00:31:18,400 --> 00:31:23,720 Speaker 11: why we need the politician that could focus on banning 489 00:31:23,760 --> 00:31:26,040 Speaker 11: the Chinese culture flowing into Korea. 490 00:31:25,840 --> 00:31:27,160 Speaker 12: Like that through social media. 491 00:31:28,440 --> 00:31:30,520 Speaker 7: As a conservative party over there, it's just kind of 492 00:31:30,520 --> 00:31:33,360 Speaker 7: given up. I mean, I'm kind of shocked about the 493 00:31:33,440 --> 00:31:36,840 Speaker 7: lack of urgency and trying to get a candidate and 494 00:31:36,920 --> 00:31:40,280 Speaker 7: get in the streets and make your case. Maybe I'm 495 00:31:40,320 --> 00:31:42,520 Speaker 7: just missing it, but it seems quite different than the Korea, 496 00:31:43,120 --> 00:31:45,200 Speaker 7: the South Korea I knew and loved so much. I 497 00:31:45,240 --> 00:31:48,280 Speaker 7: just don't see any energy. I don't see any I 498 00:31:48,280 --> 00:31:51,880 Speaker 7: don't see any urgency. I don't see an understanding of 499 00:31:51,920 --> 00:31:54,560 Speaker 7: the stakes here. Am I off base in that? Do 500 00:31:54,640 --> 00:31:56,720 Speaker 7: I mis understand this or is that reality? 501 00:31:57,360 --> 00:31:58,960 Speaker 12: No, You're getting it exactly right. 502 00:31:59,040 --> 00:32:02,640 Speaker 11: I think it's cultural because Korea has a Confucius culture 503 00:32:02,720 --> 00:32:06,680 Speaker 11: where we'd like to obey older people or any kind 504 00:32:06,680 --> 00:32:09,400 Speaker 11: of elite to politicians, what they would say, we would 505 00:32:09,440 --> 00:32:12,880 Speaker 11: just obey, and that's just been our habit. And Korea 506 00:32:12,960 --> 00:32:18,600 Speaker 11: has a really relatively short history of freedom, and our people, 507 00:32:18,960 --> 00:32:23,440 Speaker 11: especially with the lack of the correct proper education because 508 00:32:23,440 --> 00:32:27,920 Speaker 11: people would not tell the correct history in the schools 509 00:32:27,920 --> 00:32:31,240 Speaker 11: and the public schools, and our young people don't realize 510 00:32:31,280 --> 00:32:35,280 Speaker 11: how precious the freedom is and how precious our friendship 511 00:32:35,280 --> 00:32:40,200 Speaker 11: with America is that actually, you know, gave us this freedom. 512 00:32:40,600 --> 00:32:43,360 Speaker 11: So I think that's where it came from. People are 513 00:32:43,480 --> 00:32:47,720 Speaker 11: asleep right now and we're so used to being supported 514 00:32:47,720 --> 00:32:50,080 Speaker 11: by the left government and a lot of young people. 515 00:32:50,800 --> 00:32:52,000 Speaker 12: Our housings were. 516 00:32:51,840 --> 00:32:56,600 Speaker 11: Supported, our school tuition was supported, and people are not 517 00:32:56,880 --> 00:32:59,560 Speaker 11: trying to work hard anymore because they know that the 518 00:32:59,560 --> 00:33:02,880 Speaker 11: government will help them someday, and that's not true. And 519 00:33:03,240 --> 00:33:06,600 Speaker 11: looking at America with the President Trump getting elected in 520 00:33:06,640 --> 00:33:10,680 Speaker 11: the in the recent American election, Korean people are slowly 521 00:33:10,800 --> 00:33:14,240 Speaker 11: learning what happened in America for the past four or 522 00:33:14,280 --> 00:33:17,600 Speaker 11: five years is actually happening in Korea as well. And 523 00:33:17,720 --> 00:33:20,760 Speaker 11: especially in Korea, it's it's a lot more serious because 524 00:33:21,240 --> 00:33:25,040 Speaker 11: we're surrounded by so many hostile nations like China and 525 00:33:25,080 --> 00:33:25,680 Speaker 11: North Korea. 526 00:33:27,880 --> 00:33:31,080 Speaker 7: Unbelievable MENA, where do people get you on social media? 527 00:33:31,160 --> 00:33:32,840 Speaker 7: You are leaving in the next couple of days, so 528 00:33:32,920 --> 00:33:35,000 Speaker 7: we will be able to get you in UH. We 529 00:33:35,080 --> 00:33:39,200 Speaker 7: will be able to get you in UH in Korea. 530 00:33:39,240 --> 00:33:42,440 Speaker 11: When do you leave, It's going to be in two 531 00:33:42,480 --> 00:33:44,640 Speaker 11: three days, so before the election. 532 00:33:44,680 --> 00:33:46,040 Speaker 12: I would arrive in Korea. 533 00:33:48,440 --> 00:33:50,920 Speaker 4: And my social media, what's your social media? Where the people? 534 00:33:51,760 --> 00:33:54,600 Speaker 11: Yes, I'm more active on YouTube. It's called mkm tv. 535 00:33:54,760 --> 00:33:58,560 Speaker 11: It's a US political podcast in Korean and sometimes in English. 536 00:33:58,840 --> 00:34:02,120 Speaker 11: I do run organization called build Up career, which is 537 00:34:02,160 --> 00:34:02,880 Speaker 11: like turning. 538 00:34:02,640 --> 00:34:04,000 Speaker 12: Point USA of America. 539 00:34:04,840 --> 00:34:07,320 Speaker 11: And then also you can find me on real meta 540 00:34:07,360 --> 00:34:08,440 Speaker 11: chim at Twitter. 541 00:34:10,680 --> 00:34:10,960 Speaker 4: Mina. 542 00:34:11,560 --> 00:34:13,960 Speaker 7: So great to have you on. We've got your back 543 00:34:13,960 --> 00:34:16,879 Speaker 7: in this fight. So keep us, keep us in the loop. 544 00:34:16,920 --> 00:34:18,759 Speaker 12: Okay, that means a lot to us. 545 00:34:18,800 --> 00:34:22,719 Speaker 4: Thank you so much, Steve, Thank you, ma'am. 546 00:34:23,160 --> 00:34:23,440 Speaker 1: Folks. 547 00:34:23,520 --> 00:34:26,000 Speaker 7: This is why we did all seven hours, eight hours 548 00:34:26,040 --> 00:34:29,800 Speaker 7: at both West Point and in the end at Arlington 549 00:34:29,880 --> 00:34:32,840 Speaker 7: National Cemetery. We're in the cusp. We're already in the 550 00:34:32,920 --> 00:34:35,640 Speaker 7: kinetic part of the Third World War. If President Trump 551 00:34:35,719 --> 00:34:38,960 Speaker 7: can't pull this off, I'm telling you, folks, this is 552 00:34:39,000 --> 00:34:40,919 Speaker 7: going to be so much worse than World War Two, 553 00:34:41,560 --> 00:34:43,160 Speaker 7: and we're right on the cusp of it, and it's 554 00:34:43,200 --> 00:34:46,320 Speaker 7: on President Trump's shoulders as so much is to sort 555 00:34:46,320 --> 00:34:48,839 Speaker 7: this mess out. I want to go Dave Bratt. As 556 00:34:48,880 --> 00:34:51,960 Speaker 7: now we had a little technical problem, Dave Bratt. In fact, 557 00:34:52,000 --> 00:34:54,000 Speaker 7: we're having a slank technical problem here. They thought I 558 00:34:54,080 --> 00:34:58,279 Speaker 7: was too well lit, so they said another another alternat 559 00:34:58,600 --> 00:35:00,440 Speaker 7: you can't let me at light me too. 560 00:35:00,600 --> 00:35:01,399 Speaker 4: Yeah, there we go. 561 00:35:02,239 --> 00:35:05,839 Speaker 7: Not that I needed Dave Bratt. We got a very 562 00:35:05,880 --> 00:35:07,880 Speaker 7: special guest. I want you to do the introductions and 563 00:35:07,960 --> 00:35:09,640 Speaker 7: jump into this. I've been waiting for this one for 564 00:35:09,640 --> 00:35:10,239 Speaker 7: a long time. 565 00:35:11,320 --> 00:35:14,800 Speaker 13: Yeah, yeah, very important news piece. Brought to a friend, 566 00:35:15,120 --> 00:35:16,800 Speaker 13: a grassroots story. 567 00:35:16,840 --> 00:35:17,000 Speaker 14: Here. 568 00:35:17,080 --> 00:35:20,440 Speaker 13: Doug degrut Out in la is like a dog with 569 00:35:20,480 --> 00:35:22,640 Speaker 13: a bone. He's like the war room posse. He is 570 00:35:22,680 --> 00:35:26,440 Speaker 13: the war room posse. He's been fighting this one for years, 571 00:35:26,480 --> 00:35:30,360 Speaker 13: bringing to the attention, socializing the issue, finding the experts. 572 00:35:30,440 --> 00:35:33,880 Speaker 13: So he found our friend Ryan Westbury at First Trust. 573 00:35:34,000 --> 00:35:35,719 Speaker 6: They manage what two hundred and fifty. 574 00:35:35,480 --> 00:35:38,520 Speaker 13: Billion, and he's got one of the leading, you know, 575 00:35:39,719 --> 00:35:41,400 Speaker 13: financial papers in the country. 576 00:35:41,440 --> 00:35:42,680 Speaker 6: So he knows his stuff. 577 00:35:43,360 --> 00:35:45,759 Speaker 13: And you, Steve, you've been all over this issue, the 578 00:35:45,800 --> 00:35:49,400 Speaker 13: Fed printing you know, eight trillion dollars. Now it turns 579 00:35:49,400 --> 00:35:53,040 Speaker 13: out the Federal Reserve is paying interest on these bank reserves. 580 00:35:53,560 --> 00:35:57,239 Speaker 13: And it gets even worse now the American people are 581 00:35:57,400 --> 00:36:00,680 Speaker 13: funding those interest payments through the Treasury Department. And so 582 00:36:01,400 --> 00:36:05,120 Speaker 13: I'm not the expert, and so I brought on Brian Westbury, 583 00:36:05,880 --> 00:36:09,280 Speaker 13: friend and just a great monetary authority for our country. 584 00:36:09,320 --> 00:36:12,040 Speaker 13: And this will save us potentially a trillion dollars in 585 00:36:12,120 --> 00:36:14,320 Speaker 13: the budget over ten years. 586 00:36:14,320 --> 00:36:15,520 Speaker 6: So Senator Ron. 587 00:36:15,360 --> 00:36:18,800 Speaker 13: John and House guys, here you go, Brian, take it away, 588 00:36:19,280 --> 00:36:21,320 Speaker 13: Brian Westberry, Hey. 589 00:36:21,239 --> 00:36:22,680 Speaker 6: Dave, how are you you know? 590 00:36:22,800 --> 00:36:25,279 Speaker 14: You know? Y could crack about this for hours and 591 00:36:25,480 --> 00:36:31,600 Speaker 14: still be a little bit confused. The FED loves us confused. 592 00:36:32,040 --> 00:36:36,400 Speaker 14: But the simple story is that back in two thousand 593 00:36:36,440 --> 00:36:42,359 Speaker 14: and eight, the FED use that subprime housing crisis to 594 00:36:42,440 --> 00:36:47,279 Speaker 14: grow its balance sheet massively. I've tried to figure out 595 00:36:47,320 --> 00:36:50,000 Speaker 14: ways to say this. They went from a seven hundred 596 00:36:50,040 --> 00:36:54,000 Speaker 14: billion dollar balance sheet to an eight trillion dollar balance sheet. 597 00:36:54,280 --> 00:36:56,839 Speaker 14: Another way to say it is that the Fed. You 598 00:36:56,880 --> 00:36:59,480 Speaker 14: look at the bank size, it was five percent of 599 00:36:59,560 --> 00:37:00,800 Speaker 14: GDP today. 600 00:37:01,040 --> 00:37:03,320 Speaker 4: To hang on, hang on, hang on, hang on, hang on. 601 00:37:03,440 --> 00:37:05,520 Speaker 4: Whoa whoa, whoa, whoa, whoa whoa slow down. 602 00:37:06,040 --> 00:37:09,160 Speaker 7: The bouncey of the Federal Reserve on the day they 603 00:37:09,160 --> 00:37:11,719 Speaker 7: walked into the Oval office with Bush was eight hundred 604 00:37:11,760 --> 00:37:14,680 Speaker 7: and eighty billion dollars. I thought the max, because you're 605 00:37:14,680 --> 00:37:16,000 Speaker 7: gonna make my head blow up in and say, I 606 00:37:16,000 --> 00:37:18,200 Speaker 7: thought the max they got to was four point five Tree. 607 00:37:18,239 --> 00:37:22,400 Speaker 7: And when we took over in January twentieth to twenty seventeen, 608 00:37:23,360 --> 00:37:25,439 Speaker 7: inauguration day, it was four point five tree. 609 00:37:25,680 --> 00:37:27,320 Speaker 4: Are you telling me? They ran it up to eight 610 00:37:27,560 --> 00:37:28,520 Speaker 4: bayon and they did. 611 00:37:28,520 --> 00:37:30,560 Speaker 7: Quantitave tight and to take it down or they have 612 00:37:30,719 --> 00:37:35,120 Speaker 7: other pockets they're hiding. They're hiding, they're hiding the cash, sir. 613 00:37:35,960 --> 00:37:37,280 Speaker 6: Oh no, they did it again. 614 00:37:37,880 --> 00:37:43,440 Speaker 14: So when when Paulson and Bernanki walked into W's office 615 00:37:43,520 --> 00:37:48,040 Speaker 14: Oval office in two thousand and eight, they printed four 616 00:37:48,080 --> 00:37:50,200 Speaker 14: and a half trillion dollars. So that's what they did 617 00:37:50,400 --> 00:37:56,080 Speaker 14: after that during the subprime crisis. Then they used that, like, 618 00:37:56,600 --> 00:37:59,840 Speaker 14: if you think of it, that strategy all over again 619 00:38:00,120 --> 00:38:03,399 Speaker 14: during COVID, and they did another four and a half 620 00:38:03,440 --> 00:38:06,960 Speaker 14: trillion dollars. So bait and I always compare it to 621 00:38:07,000 --> 00:38:09,520 Speaker 14: two thousand and seven, So let's go after it. 622 00:38:09,600 --> 00:38:13,920 Speaker 7: By the way, after after President hang on, after President 623 00:38:13,960 --> 00:38:16,799 Speaker 7: Trump took a trillion dollars off when Yellen was fed 624 00:38:16,920 --> 00:38:20,799 Speaker 7: Chare in his in twenty nineteen, and this is why 625 00:38:20,840 --> 00:38:24,680 Speaker 7: President Trump's growth in nineteen over three percent was against 626 00:38:24,719 --> 00:38:29,040 Speaker 7: the headwind of shrinking the ballot sheet a trellion dollars. 627 00:38:29,080 --> 00:38:30,759 Speaker 7: Then you're saying they added it back in. Okay, that 628 00:38:31,040 --> 00:38:32,400 Speaker 7: gets okay, I gotta keep on. 629 00:38:32,520 --> 00:38:33,680 Speaker 4: I got it. I just want to change it. 630 00:38:33,920 --> 00:38:36,000 Speaker 6: They did it. They did it all over again. 631 00:38:36,120 --> 00:38:39,520 Speaker 14: So if you think about it, what quantitative easing is 632 00:38:39,719 --> 00:38:41,760 Speaker 14: and so we just described the size. 633 00:38:41,840 --> 00:38:43,080 Speaker 6: It's massive. 634 00:38:43,200 --> 00:38:46,759 Speaker 14: They increased the size of the Fed's balance sheet at 635 00:38:46,800 --> 00:38:52,400 Speaker 14: the peak by over ten fold, ten times bigger. In fact, 636 00:38:52,400 --> 00:38:55,680 Speaker 14: if you take the Fed's balance sheet today, it's bigger 637 00:38:55,719 --> 00:39:00,759 Speaker 14: than the top ten sovereign wealth funds in the world combined. 638 00:39:00,960 --> 00:39:04,640 Speaker 14: The FED is by far the one thousand pound gorilla 639 00:39:04,800 --> 00:39:08,080 Speaker 14: in the room. And how if you buy all these 640 00:39:08,120 --> 00:39:11,400 Speaker 14: bonds and you print all of this money, how do 641 00:39:11,480 --> 00:39:15,560 Speaker 14: you keep it from turning into inflation? Now we know 642 00:39:15,920 --> 00:39:19,759 Speaker 14: it happened once, but how did they stop it under 643 00:39:19,800 --> 00:39:23,319 Speaker 14: BERNANKI from turning into inflation. Well, what they did is 644 00:39:23,360 --> 00:39:26,600 Speaker 14: they went in and they did three things. They put 645 00:39:26,880 --> 00:39:30,040 Speaker 14: massive new liquidity rules on banks. 646 00:39:30,120 --> 00:39:32,520 Speaker 6: They said, you have to hold this. 647 00:39:32,600 --> 00:39:36,040 Speaker 14: Money we printed, don't lend it out, don't let it 648 00:39:36,560 --> 00:39:41,279 Speaker 14: create inflation. Then they raised capital requirements on banks to 649 00:39:41,360 --> 00:39:44,160 Speaker 14: do the same thing. And then the final thing, and 650 00:39:44,200 --> 00:39:47,440 Speaker 14: this is what Dave was just talking about. They decided 651 00:39:47,480 --> 00:39:51,840 Speaker 14: to pay banks to hold the money that they printed. 652 00:39:52,239 --> 00:39:55,040 Speaker 14: And so right now we're paying banks four and a 653 00:39:55,040 --> 00:40:00,880 Speaker 14: half percent on over five trillion dollars. We're paying private 654 00:40:01,040 --> 00:40:06,239 Speaker 14: banks two hundred billion dollars a year to hold all 655 00:40:06,360 --> 00:40:09,960 Speaker 14: this cash. That the FED printed because if they didn't 656 00:40:10,040 --> 00:40:14,440 Speaker 14: pay them, it would turn into hyperinflation, and so so 657 00:40:14,560 --> 00:40:19,160 Speaker 14: that they we we've now created an absolute mess because 658 00:40:19,280 --> 00:40:23,360 Speaker 14: the Fed's paying banks two hundred billion, they only earn 659 00:40:23,520 --> 00:40:27,280 Speaker 14: about one hundred billion on their bond portfolio, which means 660 00:40:27,320 --> 00:40:31,759 Speaker 14: they're losing one hundred billion dollars a year. And who 661 00:40:31,760 --> 00:40:35,440 Speaker 14: pays for that the taxpayer. And this is why if 662 00:40:35,480 --> 00:40:39,560 Speaker 14: we stop this whole process and roll back the clock 663 00:40:39,680 --> 00:40:42,520 Speaker 14: to two thousand and seven, we could we could say, 664 00:40:42,640 --> 00:40:46,040 Speaker 14: potentially two trillion dollars over the next ten years. 665 00:40:46,640 --> 00:40:50,280 Speaker 7: Okay, hang on one second, We're gonna dive down deeper. 666 00:40:50,719 --> 00:40:57,240 Speaker 4: After a short commercial break, God, we rejoiced mostic dollars. 667 00:40:58,880 --> 00:41:01,520 Speaker 1: Or room your Stephen K. 668 00:41:01,760 --> 00:41:08,640 Speaker 7: Bath if you like geopolitics and capital markets, Jim Rickards 669 00:41:08,680 --> 00:41:10,240 Speaker 7: and Jim I think it's gonna be with us tomorrow. 670 00:41:10,280 --> 00:41:14,360 Speaker 7: One of our top contributors records warroom dot com. 671 00:41:14,400 --> 00:41:17,640 Speaker 4: That's the landing page. You get access to strategic intelligence. 672 00:41:17,719 --> 00:41:21,640 Speaker 4: This is a c suite. Read as we say, you 673 00:41:21,680 --> 00:41:22,440 Speaker 4: get access to it. 674 00:41:22,440 --> 00:41:25,239 Speaker 7: Plus he does in a free book on Artificial intelligence 675 00:41:25,360 --> 00:41:26,560 Speaker 7: and money and currency. 676 00:41:26,640 --> 00:41:28,680 Speaker 4: We're gonna get to Joe Allen talk about. 677 00:41:28,600 --> 00:41:32,319 Speaker 7: AI being out of control officially now they even admit it. 678 00:41:33,719 --> 00:41:36,600 Speaker 7: Make sure you go recordsworm dot com. Check it out 679 00:41:36,600 --> 00:41:42,600 Speaker 7: capital markets, national security, intelligence, political economy, economics, all of it, 680 00:41:42,680 --> 00:41:48,400 Speaker 7: and geopolitics. Recordsworm dot com, strategic intelligence. Read with the 681 00:41:48,440 --> 00:41:50,440 Speaker 7: c suites throughout the world. Read this is why we 682 00:41:50,480 --> 00:41:53,359 Speaker 7: put forward the Birch Gold, this is why we put 683 00:41:53,400 --> 00:41:55,759 Speaker 7: forward the Financial Times. We want you to read what 684 00:41:55,800 --> 00:41:58,120 Speaker 7: the decisions makers in the world read. We know you 685 00:41:58,120 --> 00:42:00,239 Speaker 7: don't agree with it. You shouldn't agree with it all 686 00:42:00,239 --> 00:42:02,480 Speaker 7: at Cohn from the Globalist Talk. 687 00:42:02,520 --> 00:42:06,160 Speaker 4: Okay, so if Powell, who was not my choice for. 688 00:42:09,280 --> 00:42:11,560 Speaker 7: Federal Reserve chair one, I don't think we should have 689 00:42:11,600 --> 00:42:12,440 Speaker 7: a federal Reserve. 690 00:42:12,880 --> 00:42:14,080 Speaker 4: We should start with an audit. 691 00:42:14,120 --> 00:42:16,960 Speaker 7: Then we should start with an unwinding because it's always 692 00:42:16,960 --> 00:42:20,600 Speaker 7: playing games. Those two concentrations of well concentrated wealth under 693 00:42:20,600 --> 00:42:23,600 Speaker 7: Obama and then under Biden, the greatest ever in the 694 00:42:23,640 --> 00:42:26,560 Speaker 7: history of this country. That's how what progressive Democrats do 695 00:42:27,080 --> 00:42:30,320 Speaker 7: when they're really at work. So if Powell was here Westbury, 696 00:42:30,320 --> 00:42:32,560 Speaker 7: what would he say? He said, Hey, Westbury missed the point. 697 00:42:32,680 --> 00:42:34,520 Speaker 7: This is why we need to have this and we 698 00:42:34,560 --> 00:42:36,799 Speaker 7: need to pay for it. What would his what would 699 00:42:36,800 --> 00:42:40,120 Speaker 7: his response be, And what's your answer to his response? 700 00:42:40,280 --> 00:42:44,680 Speaker 14: Sir, Yeah, Steve, as far as I know, he's only 701 00:42:44,719 --> 00:42:45,920 Speaker 14: been asked once. 702 00:42:46,120 --> 00:42:48,400 Speaker 6: And see, you know they control. 703 00:42:48,040 --> 00:42:51,920 Speaker 14: There's only twenty five or thirty journalists allowed in the 704 00:42:52,000 --> 00:42:56,120 Speaker 14: room to ask Powell questions. But one time he left, 705 00:42:56,200 --> 00:42:59,560 Speaker 14: he went to the Cato Institute and they asked him 706 00:43:00,080 --> 00:43:01,799 Speaker 14: why do you need this, Why don't you shrink the 707 00:43:01,840 --> 00:43:04,080 Speaker 14: balance sheet back to where it was in two thousand 708 00:43:04,120 --> 00:43:06,319 Speaker 14: and seven? He goes, Oh, no, the world is a 709 00:43:06,360 --> 00:43:11,240 Speaker 14: really dangerous place. And what I would say is that 710 00:43:11,880 --> 00:43:14,120 Speaker 14: it's just like government all the time. Right, we get 711 00:43:14,120 --> 00:43:17,000 Speaker 14: a problem, government comes in to try and fix it, 712 00:43:17,080 --> 00:43:19,960 Speaker 14: and then they make the problem worse. And if you 713 00:43:20,120 --> 00:43:24,480 Speaker 14: compare the amount of losses today, so the FED held 714 00:43:24,520 --> 00:43:27,680 Speaker 14: interest rates at zero, everybody bought bonds. Then when they 715 00:43:27,760 --> 00:43:31,080 Speaker 14: raise rates, you lose money on your bond portfolio. So 716 00:43:31,120 --> 00:43:34,640 Speaker 14: the Fed has a trillion dollars in losses. Private banks 717 00:43:34,680 --> 00:43:38,000 Speaker 14: have six hundred billion dollars in losses. And the whole 718 00:43:38,040 --> 00:43:41,440 Speaker 14: subprime crisis was only one point it was only point 719 00:43:41,680 --> 00:43:45,160 Speaker 14: four trillion, four hundred billion. So they've made the problem 720 00:43:45,520 --> 00:43:49,279 Speaker 14: four times worse today than it was back in two 721 00:43:49,360 --> 00:43:52,720 Speaker 14: thousand and eight, and I would argue that the reason 722 00:43:52,760 --> 00:43:54,000 Speaker 14: they've done this or. 723 00:43:54,480 --> 00:43:57,600 Speaker 6: It kind of goes to Washington. What does a bureaucrat want? 724 00:43:58,000 --> 00:44:02,920 Speaker 14: They want more power, more money, bigger staff, more control. 725 00:44:03,040 --> 00:44:06,240 Speaker 14: And that's exactly what the Fed's got. In other words, 726 00:44:06,280 --> 00:44:09,080 Speaker 14: don't let a crisis go to waste. And so they've 727 00:44:09,160 --> 00:44:13,640 Speaker 14: exploded the size of the FED. They've created more losses 728 00:44:13,680 --> 00:44:16,239 Speaker 14: in the banking system as a result of this. So 729 00:44:16,320 --> 00:44:22,000 Speaker 14: I think his answer is actually terrible. He doesn't understand 730 00:44:22,080 --> 00:44:25,640 Speaker 14: the problems that they've created. And then you have no 731 00:44:25,840 --> 00:44:29,040 Speaker 14: journalists to cover it, and so what happens is they 732 00:44:29,120 --> 00:44:31,239 Speaker 14: keep getting away with it. And let me just add 733 00:44:31,280 --> 00:44:36,120 Speaker 14: one other quick point. If we keep going down this road, 734 00:44:36,840 --> 00:44:41,200 Speaker 14: we're heading for a national bank, not just a federal 735 00:44:41,239 --> 00:44:47,000 Speaker 14: reserve that controls the money supply, but a single national bank. 736 00:44:47,080 --> 00:44:49,880 Speaker 14: And there are a lot of people Elizabeth Warren is 737 00:44:49,880 --> 00:44:52,160 Speaker 14: one of them, who have talked about. 738 00:44:51,960 --> 00:44:52,960 Speaker 6: A national bank. 739 00:44:53,160 --> 00:44:55,560 Speaker 14: Now in the history of the US, we've talked about 740 00:44:55,560 --> 00:44:58,399 Speaker 14: it many many times, but we've never done it. Where 741 00:44:58,440 --> 00:45:02,080 Speaker 14: it's never succeeded. Would be a disaster. And that's where 742 00:45:02,120 --> 00:45:06,879 Speaker 14: you get the central bank, digital currency, all of that 743 00:45:06,960 --> 00:45:09,839 Speaker 14: kind of stuff. And so what I want to do 744 00:45:10,040 --> 00:45:12,720 Speaker 14: is roll the FED back to two thousand and seven 745 00:45:13,160 --> 00:45:17,160 Speaker 14: at least, maybe even go back to a gold standard. 746 00:45:17,160 --> 00:45:20,640 Speaker 14: That's the only way to stop them from doing this 747 00:45:21,320 --> 00:45:22,920 Speaker 14: insane money points. 748 00:45:22,960 --> 00:45:27,560 Speaker 7: Well why you you mentioned journalists, but you failed to 749 00:45:27,600 --> 00:45:31,520 Speaker 7: mention the guys the House, in the Senate. They're looking 750 00:45:31,520 --> 00:45:33,319 Speaker 7: at the big beautiful bill in the Senate, you can 751 00:45:33,320 --> 00:45:35,239 Speaker 7: make recomendations. Why didn't the House take care of this? 752 00:45:35,280 --> 00:45:37,360 Speaker 7: Why did and the guys Warren Davidson and these guys. 753 00:45:37,360 --> 00:45:39,759 Speaker 7: You've got some pretty good hawks over there that hate 754 00:45:39,800 --> 00:45:42,359 Speaker 7: the FED. I mean, he's grill and pale all the time. 755 00:45:42,400 --> 00:45:45,239 Speaker 7: I think he's done a pretty good job. Why did 756 00:45:45,239 --> 00:45:47,239 Speaker 7: the House allow this to go on and didn't shut 757 00:45:47,239 --> 00:45:48,160 Speaker 7: this down immediately? 758 00:45:49,080 --> 00:45:51,840 Speaker 14: Yeah, there's only there's only a few members of the 759 00:45:51,880 --> 00:45:57,000 Speaker 14: House or the Senate that understand monetary policy. And I 760 00:45:57,360 --> 00:46:00,520 Speaker 14: kind of go back to Ron Paul. I mean, Paul 761 00:46:00,719 --> 00:46:04,320 Speaker 14: had this fifteen years ago, twenty years ago, and he 762 00:46:04,719 --> 00:46:07,520 Speaker 14: but everybody in Congress thinks he's crazy and they don't 763 00:46:07,560 --> 00:46:08,800 Speaker 14: want to go against Powell. 764 00:46:09,080 --> 00:46:13,200 Speaker 6: But the FED has a lot of political influence. 765 00:46:13,760 --> 00:46:16,840 Speaker 14: Was always I worked as the chief economists to the 766 00:46:16,920 --> 00:46:21,000 Speaker 14: Joint Economic Committee of Congress. Green Span was the chairman then. 767 00:46:21,400 --> 00:46:25,200 Speaker 14: And there is no senator and no congressman that I 768 00:46:25,320 --> 00:46:30,000 Speaker 14: knew that would really go up against him, because they 769 00:46:30,120 --> 00:46:31,960 Speaker 14: he would he would make them look foolish. 770 00:46:32,040 --> 00:46:32,640 Speaker 6: And that's I. 771 00:46:34,400 --> 00:46:37,960 Speaker 14: Still don't get it. I don't understand why. But here 772 00:46:38,000 --> 00:46:41,840 Speaker 14: they have hundreds and hundreds and hundreds, maybe trillions of 773 00:46:41,960 --> 00:46:45,560 Speaker 14: dollars that they could save the tax payer and use 774 00:46:45,760 --> 00:46:49,520 Speaker 14: to pay for the tax cuts. Although these they're just 775 00:46:49,600 --> 00:46:51,440 Speaker 14: continuing the Trump tax rates. 776 00:46:51,440 --> 00:46:54,880 Speaker 6: But they and they just let them sit on the table. 777 00:46:54,960 --> 00:46:58,200 Speaker 6: They don't do anything about it. Yeah, hey, real quick, 778 00:46:58,239 --> 00:47:00,600 Speaker 6: we got about a minute left. In thirty seconds. 779 00:47:01,360 --> 00:47:06,080 Speaker 13: Number one, you alluded to the treasury role. That's the 780 00:47:06,080 --> 00:47:08,839 Speaker 13: piece where the American taxpayer gets on the hook. Can 781 00:47:08,840 --> 00:47:10,880 Speaker 13: you give us thirty seconds on that and then thirty 782 00:47:10,920 --> 00:47:13,239 Speaker 13: seconds on why this is not transparent like it is 783 00:47:13,280 --> 00:47:14,080 Speaker 13: in other countries? 784 00:47:14,960 --> 00:47:19,000 Speaker 14: Yeah, it should be transparent. In Britain, for example, the 785 00:47:19,080 --> 00:47:22,440 Speaker 14: United Kingdom, they did the same thing quantitative easing. All 786 00:47:22,480 --> 00:47:25,440 Speaker 14: central banks did, and they counted as part of the deficit. 787 00:47:26,080 --> 00:47:28,759 Speaker 14: Here in the United States, the Fed counts it as 788 00:47:28,800 --> 00:47:35,279 Speaker 14: a get ready, a deferred asset, a negative treasury their 789 00:47:35,440 --> 00:47:39,600 Speaker 14: losses are a deferred asset that they promised to pay 790 00:47:39,640 --> 00:47:40,480 Speaker 14: back and reach. 791 00:47:40,840 --> 00:47:41,560 Speaker 6: It's crazy. 792 00:47:42,440 --> 00:47:44,640 Speaker 4: And why is Treasury in the middle of this, Westbrook? 793 00:47:45,280 --> 00:47:48,799 Speaker 14: Yeah, yeah, Treasury's in the middle of it because now 794 00:47:48,800 --> 00:47:53,399 Speaker 14: they're part of monetary policy they have The Treasury used 795 00:47:53,440 --> 00:47:56,320 Speaker 14: to hold five billion in a checking account at the Fed. 796 00:47:56,640 --> 00:48:01,040 Speaker 14: They now hold five hundred billion a checking account at 797 00:48:01,040 --> 00:48:08,640 Speaker 14: the Fed. The Treasury loves it. They get a slush fund. Basically, Westbury, 798 00:48:08,920 --> 00:48:10,839 Speaker 14: what's your social media? We're gonna have you back, dude. 799 00:48:10,840 --> 00:48:14,080 Speaker 14: My head's already blown up. What uh? What's what's your 800 00:48:14,400 --> 00:48:18,800 Speaker 14: social media? So my last name is Westbury with no tea. 801 00:48:18,920 --> 00:48:21,799 Speaker 14: I think they lost it at Ellis Island, So it's 802 00:48:21,880 --> 00:48:23,600 Speaker 14: at Westbury dot com. 803 00:48:23,640 --> 00:48:24,200 Speaker 6: That's Twitter. 804 00:48:26,840 --> 00:48:28,759 Speaker 4: Thank you brother, look forward to having you back on. 805 00:48:30,239 --> 00:48:30,359 Speaker 7: Right. 806 00:48:30,560 --> 00:48:32,680 Speaker 4: Brett is Japan a lesson. 807 00:48:32,800 --> 00:48:37,800 Speaker 7: Japan is in the process of crumbling as a financial 808 00:48:37,880 --> 00:48:39,440 Speaker 7: superpower before our eyes. 809 00:48:40,560 --> 00:48:40,719 Speaker 4: Uh. 810 00:48:40,800 --> 00:48:43,280 Speaker 7: Bond investors throughout the world are tell whether it's Germany, 811 00:48:43,360 --> 00:48:45,960 Speaker 7: the United States, or Japan, we ain't we ain't financing 812 00:48:45,960 --> 00:48:46,320 Speaker 7: the stuff. 813 00:48:46,360 --> 00:48:49,640 Speaker 4: Long we don't trust you. We don't trust you. 814 00:48:49,719 --> 00:48:52,920 Speaker 7: Short break, second hour better than the first. 815 00:48:53,200 --> 00:48:57,880 Speaker 4: Only in the war room