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Speaker 1: Things got a little spicy on Capitol Hill today with

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Speaker 1: Tony Bobolinski.

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Speaker 2: Will talk about that tonight.

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Speaker 1: Julie Kelly is here to update us on some things

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Speaker 1: law fair in America. We have a pack show tonight,

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Speaker 1: And I'm right, Do you ever laugh about how bad

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Speaker 1: things are?

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Speaker 2: I do? And I don't know.

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Speaker 1: I don't know whether that's how I was raised. Maybe

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Speaker 1: it's a Marine Corps thing. But you ever take a

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Speaker 1: step back and kind of analyze where we are politically

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Speaker 1: and culturally and just kind of snicker to yourself thinking

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Speaker 1: about this today. Because Tony Bobolinsky, Biden's former business partner,

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Speaker 1: he testified on the Hill today. We're gonna play all

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Speaker 1: the video for you in a second.

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Speaker 2: It's great and whatnot.

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Speaker 1: But as I was watching the Bobolinski testimony and we're

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Speaker 1: finding out.

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Speaker 2: Just how bad things are, I was, I was. I

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Speaker 2: was considering this.

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Speaker 1: So we have a president of the United States of America.

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Speaker 1: That's a really important post. Right. You could argue that's

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Speaker 1: the most important.

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Speaker 2: Job in the world.

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Speaker 1: Maybe it could be the most important job in the world.

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Speaker 1: So the man with the most important job in the world,

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Speaker 1: not only does he have a non functional brain. Remember,

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Speaker 1: Joe Biden's brain is just melting before our eyes. So

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Speaker 1: he has a non functional brain. All the power in

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Speaker 1: his administration has been handed to a bunch of Marxists

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Speaker 1: who are trying to burn America down. Okay, so you

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Speaker 1: have that, you have the dementia, you have the communist part.

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Speaker 1: And then on top of those two things, he's a

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Speaker 1: criminal the president of the United States of America. All

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Speaker 1: the evidence by this point in time points to the

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Speaker 1: fact that Joe Biden has used the entirety of his

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Speaker 1: political career to aessential to commit crimes. It's a crime.

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Speaker 1: It is a crime. No matter what anyone else tells you.

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Speaker 1: To use your political office to financially benefit yourself, close

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Speaker 1: family members or whatnot, that is a criminal act. It

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Speaker 1: is a crime. And Joe Biden, it's not like he

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Speaker 1: did this once. It's not as if we came across

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Speaker 1: a text.

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Speaker 2: Message Joe sent to Ukraine.

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Speaker 1: Hey could you give Hunter a job for a couple months.

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Speaker 1: He's kind of a dirt ball. You know, that would

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Speaker 1: be bad, and that would be criminal. But a father

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Speaker 1: helping out a son every now and then, Okay, I

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Speaker 1: think everyone would kind of get it, alright, any other.

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Speaker 2: But it's not like a one time thing.

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Speaker 1: Joe Biden used his political office apparently for the entirety

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Speaker 1: of his career to financially benefit himself and his family.

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Speaker 1: So the president has dementia, is a communist, and it

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Speaker 1: is a criminal. That's where we curR they sit here

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Speaker 1: in the United States of America. Now let's get to

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Speaker 1: the actual Tony Bobolinsky testimony from today. It was awesome.

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Speaker 1: It was spicy. And remember part of the reason it's spicy.

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Speaker 1: Have you ever known a friend that's gone through a divorce,

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Speaker 1: or maybe you yourself have gone through a divorce. They're

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Speaker 1: generally really nasty, aren't They involves a lot of crying, yelling, anger, misery.

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Speaker 1: Why though, Why, Well, nobody can hurt you like the

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Speaker 1: ones you love. Nobody can hurt you like the ones

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Speaker 1: you love.

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Speaker 2: Nobody.

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Speaker 1: That's why divorce proceedings are so damaging, because you used

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Speaker 1: to be together. Therefore, they know so much about you.

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Speaker 1: They know who you are, they know what you are,

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Speaker 1: they know your little things. Tony Bobolinski used to work

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Speaker 1: hand in hand with the Biden family. He knows all

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Speaker 1: the ends, you know, its all the outs. Tony Bobolinsky

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Speaker 1: felt abandoned by the Biden family, and so Tony Bobolinsky

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Speaker 1: is spilling all the.

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Speaker 2: Tea and it was a spicy day.

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Speaker 1: Practically right off the bat, it comes out just both

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Speaker 1: barrels on Hunter Biden.

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Speaker 3: Now recognize mister Babolinsky for his opening statement?

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Speaker 4: Should I allow Hunter to give his opening statement first?

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Speaker 3: Will doesn't appear mister Biden showed up for his public hering,

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Speaker 3: so we'll recognize you, mister Bobsky.

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Speaker 5: He didn't.

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Speaker 1: You know, normally when people sit in front of Congress,

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Speaker 1: it doesn't matter who they are, they try to do

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Speaker 1: the hey, I'm just gonna do the buy the book thing,

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Speaker 1: and they kind of speaking all this lawyer talk and

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Speaker 1: just kind of try to get through the thing and

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Speaker 1: get out of it.

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Speaker 2: No, no, no, no, no.

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Speaker 1: It was obvious right off the bat that Tony Bobolinski

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Speaker 1: was there and he he wanted to walk away with

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Speaker 1: some scalps today. And I do want to point out

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Speaker 1: before we go further that that's James Comer had of

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Speaker 1: the Oversight Committee, and I'm glad they had this testimony today.

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Speaker 1: It is beneficial for the American people to find out

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Speaker 1: just how much of a criminal their president is I'm

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Speaker 1: glad all that stuff happens, so on and so forth.

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Speaker 1: But it also should be noted that one of the

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Speaker 1: reasons Joe Biden will not be impeached in the House

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Speaker 1: is because we don't have enough members, and we don't

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Speaker 1: have enough members because James Comer is one of the

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Speaker 1: Republicans who voted to bounce towards Santos out of Congress.

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Speaker 1: So do keep that little bit at least in the

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Speaker 1: back of your mind as we go through all the

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Speaker 1: rest of this today. Now, let's go to some of

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Speaker 1: the meaty stuff Hunter Biden. Hunter Biden committed perjury. According

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Speaker 1: to Tony Bubbolinski.

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Speaker 4: Haiden gave his transcribe to interview on February twenty eighth

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Speaker 4: and lied throughout his testimony. Here's just one egregious example

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Speaker 4: of Hunter's perjury. He lied to the committee on important

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Speaker 4: details concerning his money demands and threats to CFC in

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Speaker 4: text messages on July thirty and then thirty first, two

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Speaker 4: thousand and seven teen. He leverages father's presence next to

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Speaker 4: him in that infamous text to strong on CFC to

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Speaker 4: paying Hunter immediately. Jim Biden also lied extensively throughout his

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Speaker 4: transcribed interview on February twenty first, and perjured himself. An

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Speaker 4: example of that, on page one hundred of his transcript,

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Speaker 4: Jim is asked specifically, do you recall having a meeting

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Speaker 4: with Hunter Biden, Tony Bobolinski, and Joe Biden. Jim's response,

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Speaker 4: absolutely not. After the committee showed him text messages confirming

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Speaker 4: that I met with Joe Biden, Hunter Biden, and Jim

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Speaker 4: Biden at the Beverly Hilton in May twenty seventeen, Jim Biden,

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Speaker 4: with a former US attorney lawyer sitting next to him,

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Speaker 4: still denied that meeting took place. Hunter confirmed his uncle

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Speaker 4: perjured himself in front of this committee.

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Speaker 1: Biden's are liars, Biden's or criminals. The entire family was

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Speaker 1: in on it and has been in on it for

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Speaker 1: a long time. And let's talk about this family thing

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Speaker 1: for a moment. Remember we've talked about this so many

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Speaker 1: times on.

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Speaker 2: The show that you know it by now.

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Speaker 1: Joe Biden was essentially groomed from an early age to

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Speaker 1: go into politics, and immediately upon entering politics, Joe Biden

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Speaker 1: began to enrich himself using his family. It's his brother's business,

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Speaker 1: it's his son's business.

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Speaker 2: It's this, it's that.

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Speaker 1: That's how criminals always operate. That's how the American mafia operates.

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Speaker 1: The mafia. Don doesn't buy the local Italian pizza joint.

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Speaker 1: His second cousin's brother buys the local Italian pizza joint.

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Speaker 2: And that leads me to another thing.

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Speaker 1: Just a quick thing, just a quick item, and then

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Speaker 1: we're going to move on to board. Tony Bobolinski testimony Here. Republicans,

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Speaker 1: I saw another Republican organization say something today about Joe

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Speaker 1: being involved in Hunter's foreign business deals, involved in Hunter's business. Republicans,

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Speaker 1: please please, for once get the messaging right. I'm begging

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Speaker 1: you for the first time ever. Please get the messaging right.

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Speaker 1: Hunter Biden doesn't have a business. Hunter doesn't have anything

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Speaker 1: to sell. He's a fifty some year old drug and

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Speaker 1: hooker addict. Hunter Biden has no value, no power.

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Speaker 2: Nothing to sell anybody.

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Speaker 1: Hunter Biden doesn't have a business. Joe Biden has a business.

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Speaker 1: It is Joe Biden's business. It wasn't Sammy the Bull

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Speaker 1: Gravano's crime family. Nobody in their right mind would have

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Speaker 1: referenced Sammy the Bullgravano and his crime family. It was

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Speaker 1: John Gotti's crime family, and Sammy the Bull Gravano worked

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Speaker 1: for John Gotti.

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Speaker 2: You know how we know that.

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Speaker 1: We know that because Sammy the Bull Gravano had to

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Speaker 1: pay John Gotti, not the other way around. Why do

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Speaker 1: you think they were always talking about ten percent for

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Speaker 1: the big guy.

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Speaker 6: Mister Bob Alinsky, who's the big guy? Are you sure

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Speaker 6: about that?

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Speaker 1: Because when Jordan Joe Biden?

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Speaker 6: You sure?

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Speaker 4: I'm a thousand percent sure because.

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Speaker 6: When Hunter Biden did his deposition under oath, he said,

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Speaker 6: I don't know who it is, even though he was

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Speaker 6: copied on an email that said, h will hold ten

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Speaker 6: percent for the big guy. You shirts the big guys

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Speaker 6: is Joe Biden.

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Speaker 4: One thousand percent. And there's other text messages that back

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Speaker 4: that up that the brave whistleblowers Chaplin Ziggler have produced

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Speaker 4: not for my phones, not from my BlackBerry that I

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Speaker 4: took screenshots from, They took them from subpoenas directly from

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Speaker 4: Apple's iCloud that back up the fact that Hunter knew

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Speaker 4: the big guy was Joe Biden.

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Speaker 1: John Gotty didn't have to give ten percent to save me.

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Speaker 1: The Bull Gravano save me the bill. Gravano had to

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Speaker 1: give ten percent to John Gotti. Hunter Biden doesn't have business.

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Speaker 1: It's not Hunter Biden's business. It's not Jim Biden's business,

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Speaker 1: their employees, their bagmen. Joe Biden has a business. Why

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Speaker 1: Joe Biden's The one was something to sell and what

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Speaker 1: does he have to sell. Let's make sure we focus

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Speaker 1: on that for a moment before we get on to

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Speaker 1: Tony Bubbolinski destroying two of the biggest pieces of trash

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Speaker 1: in Congress. Before we move on to that, let's just

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Speaker 1: make sure we were clear about something. What is Joe

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Speaker 1: Biden selling? No one likes to focus on that. What

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Speaker 1: was Joe Biden selling? Or if they do focus on it,

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Speaker 1: they'll use words like influence. He was selling influence. No, no, no, no.

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Speaker 1: Influence is just a word. Joe Biden was selling your money.

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Speaker 1: You understand that you went to work today, or someone

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Speaker 1: in your household went to work today and the government

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Speaker 1: swindled twenty five thirty five percent of their money, took

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Speaker 1: it out of your paycheck. Twenty five thirty five percent

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Speaker 1: of your day was spent working for the federal government.

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Speaker 1: And Joe Biden has spent his life as a senator,

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Speaker 1: vice president, and I'm sure now president figuring out how

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Speaker 1: to take the money you earned today and hand it

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Speaker 1: to other people.

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Speaker 2: So they will in return give.

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Speaker 1: Him a Cutback's not selling influence, He's selling taxpayer dollars.

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Speaker 1: He's selling your dollars. That's what Joe Biden is selling. Hey,

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Speaker 1: higher hunter, Biden here as vice president.

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Speaker 2: I'll find a way. I'll get with Congress and we'll

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Speaker 2: find a way.

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Speaker 1: To slip a little of that American cash your way.

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Speaker 1: I winned you, wan, everybody wins. Just give me my

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Speaker 1: ten percent. Joe Biden has spent his career taking from

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Speaker 1: you and giving it to foreigners to enrich himself. That's

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Speaker 1: what Joe Biden has been selling. Don't ever forget that. Now,

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Speaker 1: sit back and enjoy watching Tony Bobolinski take a battle

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Speaker 1: axe to Jamie Raskin and Dan Goldman.

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Speaker 4: We keep hearing from certain corners that are democracy is

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Speaker 4: at risk and democracy is on the ballot in twenty

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Speaker 4: four Yet the same people preaching this mantra no better.

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Speaker 4: They continue to lie directly to the American people without

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Speaker 4: hesitation and remorse.

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Speaker 2: Rep.

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Speaker 4: Dan Goldman and Jamie rasking both lawyers and mister Goldman,

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Speaker 4: a former prosecutor with the SDN Y from New York,

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Speaker 4: will continue to lie today in this hearing and then

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Speaker 4: go straight to the media to tell more lies. Hunter

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Speaker 4: Biden's defense attorney, Abbey Loule, weaponizes letters to Congress to

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Speaker 4: try to smear my name.

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Speaker 7: Mister Chairman, Mister Chairman, save his time, but he called

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Speaker 7: members of this committee liars. And I just want to

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Speaker 7: know whether the order and decorum requirements of House Rule

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Speaker 7: eleven apply to witnesses appearing before the committee. Does it

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Speaker 7: apply or does it not?

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Speaker 3: There's hard lot, there's decorum from the members. We've asked

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Speaker 3: her that there's no language that I'm aware of pertaining

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Speaker 3: to a witness.

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Speaker 2: Thank you, so.

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Speaker 3: Don't make sure we didn't bat any of his time

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Speaker 3: on the opening statement. Mister Bobbleski, I'm sorry for the disruption.

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Speaker 3: Please continue your open statement.

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Speaker 2: Out.

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Speaker 1: Like I said, this thing is personal today and I

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Speaker 1: applaud Tony Bobbolinski for the courage that took And let

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Speaker 1: me just tell you, as you know, we live in

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Speaker 1: an evil, corrupt country now we do.

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Speaker 2: Tony Bobolinski.

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Speaker 1: Might want to say a prayer for that man, he's

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Speaker 1: going to get a visit from the IRS or the FBI,

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Speaker 1: or maybe both.

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Speaker 2: On the exact same day.

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Speaker 1: All right, And that wasn't the only entertaining thing that

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Speaker 1: happened today.

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Speaker 2: There was another exchange with AOC and Tony.

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Speaker 1: But before we play that, I just want to remind

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Speaker 1: everybody because this is one of those little bits of

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Speaker 1: information that's out there and it's a fact, it's true,

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Speaker 1: but it kind of gets lost in the ether with

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Speaker 1: all the other crap we talk about on this show.

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Speaker 1: AOC is an actress by trade. She is an actress

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Speaker 1: and a dancer. You know, that's what she is, right,

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Speaker 1: So why is she in Congress? The Justice democratscore communist

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Speaker 1: group of Democrats.

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Speaker 2: They wanted to.

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Speaker 1: Bounce a more moderate Democrat and so they had actual

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Speaker 1: auditions for people to come in who they could prop

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Speaker 1: up to run against the moderate democrat. AOC, the actress,

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Speaker 1: showed up for an audition.

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Speaker 2: They liked her look.

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Speaker 1: Obviously, she's just very pretty, and they thought, yeah, we

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Speaker 1: could mold this person into a communist's piece of trash

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Speaker 1: in Congress. She won the audition, won the congressional race.

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Speaker 1: Now she's in Congress. Why is AOC always making herself

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Speaker 1: look dumb. It's not necessarily that she's dumb. She may

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Speaker 1: be very very dumb.

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Speaker 2: Just doesn't know anything about politics at all.

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Speaker 1: She's an actress. That's why you saw this today.

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Speaker 8: Is it your testimony today that you personally witnessed President

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Speaker 8: Joe Biden commit a crime?

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Speaker 4: I believe the fact that he was sitting with me

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Speaker 4: while I was putting together.

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Speaker 8: A big You witness the president commit a crime? Is

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Speaker 8: it your testimony today? Yes?

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Speaker 9: And what crime do you have you witnessed?

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Speaker 4: How much time do I have to go through?

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Speaker 9: It is simple?

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Speaker 8: You name the crime? Did you watch him steal something?

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Speaker 2: Corruption?

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Speaker 4: Statutes?

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Speaker 1: And what is it?

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Speaker 9: What is what is the crime?

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Speaker 8: Sir?

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Speaker 9: Specific you keep up?

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Speaker 4: You asked me to answer the question. I answered the question.

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Speaker 4: You're obviously not familiar with.

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Speaker 8: Corupt Excuse me, sir, excuse me, sir, excuse me, sir.

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Speaker 9: Rico is not a crime. It is a category. What

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Speaker 9: is the.

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Speaker 4: Category of crimes that you're then charging?

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Speaker 9: You have charges long hundred, You have charges, sir.

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Speaker 4: Zach statue, not rico. Yes, well, it's funny in this

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Speaker 4: committee room. Everyone's not here.

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Speaker 9: There's over all right, sir, I reclaim the lost time.

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Speaker 9: I reclaim my time.

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Speaker 2: Anyway.

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Speaker 1: All that may have made you uncomfortable, but that's our government,

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Speaker 1: and I'm right. Let's talk some lawfair stuff. Peter Navarro,

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Speaker 1: good man, he's no longer a freeman though. Julie Kelly

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Speaker 1: is going to join us next and update us on

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Speaker 1: all the lawfare goings on in the country. Right now,

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Speaker 1: before Julie joins us, let's talk about lone star transfer, baby,

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Speaker 1: let's talk about your time share. This is a great day.

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Speaker 1: You know why it's a great day, Not just because

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Speaker 1: Tony Bobbolinski ha humiliated a bunch of Democrats in Congress,

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Speaker 1: but because today is the day you will be set

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Speaker 1: free from that time share you don't want anymore. I

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Speaker 1: know it's easy to feel foolish. You got the time share.

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Speaker 1: Hopefully you enjoyed the time share. You probably didn't read

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Speaker 1: the fine print.

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Speaker 2: No one does.

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Speaker 1: I never do, and you want it out. You found

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Speaker 1: out you're stuck. They tell you you're stuck for life,

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Speaker 1: didn't they. Now they told you sorry, you signed the contract, but.

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Speaker 2: You're not stuck for life.

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Speaker 1: Lone Star transfer it's the family business gets people out.

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Speaker 1: Over eighteen thousand timeshare owners legally and permanently have been

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Speaker 1: set free from those annual fees, the special assessments, legally

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Speaker 1: and permanently free from their timeshare call loan star transfer.

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Speaker 1: Let them do it for you today eight four four

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Speaker 1: three one zero two six four six.

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Speaker 2: We'll be back.

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Speaker 10: They can put me in prison, they can put you

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Speaker 10: in prison. Make no mistake about that, And make no

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Speaker 10: mistake about this. They are coming after Donald Trump with

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Speaker 10: the same tactics, tools and strategies they used to put

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Speaker 10: me over there today. I'm pissed, That's what I'm feeling

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Speaker 10: right now. But I'm also afraid of only one thing.

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Speaker 10: I'm afraid for this country because this, what they're doing,

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Speaker 10: should have a chilling effect on every American, regardless of

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Speaker 10: their party. They come for me, they can come for you.

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Speaker 1: He's not wrong there, good man being sent off to prison.

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Speaker 1: Let's find out why. Let's get to the bottom of

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Speaker 1: all this stuff with Julie Kelly. Of course, make sure

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Speaker 1: you have subscribed to a substack called Declassify, so you

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Speaker 1: know all the law fair insanity going on in this country.

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Speaker 2: Julie Peter Navarro yet.

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Speaker 1: Another name added to the very long list of political

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Speaker 1: prisoners we have here in the United States of America,

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Speaker 1: no matter how many people want to deny that fact,

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Speaker 1: we do.

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Speaker 5: That's right.

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Speaker 11: And what Peter Navarro said, and what you just indicated, Jesse,

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Speaker 11: and we've talked about for years, is they are coming after.

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Speaker 5: You, all of us.

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Speaker 11: I mean, right now, the Department of Justice continues to

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Speaker 11: arrest at one J sixer a day. They are on

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Speaker 11: pace this year, Jesse, to arrest as many J sixers

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Speaker 11: as they did the year after the events of January sixth.

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Speaker 11: So to Peter Navarro's point, it's already happening. I mean,

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Speaker 11: you had Joe Biden in January a few months ago

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Speaker 11: brag that people who protested his election have so far

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Speaker 11: been sentenced to eight hundred and forty years in prison,

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Speaker 11: and that number is already outdated. So Peter Navarro, unfortunately,

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Speaker 11: is the latest political prisoner of this Department of Justice

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Speaker 11: of Obama and Democrat appointed judge, his judge in this case.

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Speaker 11: Amit madea Democrat all Democrat appellate court judges who refused

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Speaker 11: to delay his reporting to prison as his case makes

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Speaker 11: its way through the appellate court. And of course a

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Speaker 11: DC jury made up of almost all Democrats, and I

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Speaker 11: believe their guilty verdict for his conviction of contempt of

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Speaker 11: Congress came back within a matter of hours. Real serious

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Speaker 11: deliberations happening there DC jury pools.

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Speaker 1: Yes, I'm sure they were agonizing over whether or not

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Speaker 1: to send whether political opponents to prison, as communists always do.

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Speaker 2: Truly, I am curious about this because you do.

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Speaker 1: Great on all the people who keep getting arrested, the

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Speaker 1: normal people who keep getting arrested, and this is still happening.

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Speaker 1: So what did these people do? I guess I'm a

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Speaker 1: little bit confused. You know, I'm on the side of

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Speaker 1: all of them, but I'm a little bit confused.

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Speaker 2: We're three years after the fact. Who are these people

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Speaker 2: who are now getting rounded up? And why did it

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Speaker 2: take so long?

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Speaker 12: What?

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Speaker 11: Well, look, Jesse, the Department of Justice needs to keep

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Speaker 11: the drip of January sixth in the news media right

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Speaker 11: because January sixth is Joe Biden indicated it was a

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Speaker 11: feature of his campaign reannouncement AD. We know that the

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Speaker 11: Democrats and Joe Biden were relying on January sixth to

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Speaker 11: portray Donald Trump and all his supporters as domestic terrorists

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Speaker 11: and a threat to democracy.

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Speaker 5: Whatever that means and so.

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Speaker 11: But thanks to people like you and others who cover

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Speaker 11: my work or darn Baty or whoever it is, the

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Speaker 11: January sixth narrative is not just collapsing, it is completely reversing.

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Speaker 11: And now you have the DOJ, you have the January

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Speaker 11: sixth Select Committee. You have these judges all in the

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Speaker 11: crosshairs of the American people, and even some members of Congress,

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Speaker 11: like Representative Barry Laudermilk who is investigating the January sixth

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Speaker 11: Select Committee. They never saw this coming, Jesse. They thought

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Speaker 11: January sixth was done. No one would question this narrative,

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Speaker 11: No one would dare to look at.

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Speaker 5: Gee, the pipe bomber never was caught.

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Speaker 11: Gee the guys who built the gallows at six o'clock

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Speaker 11: in the morning so it fit just the Capital dome

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Speaker 11: in the little Orange news there.

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Speaker 5: Those guys were never found. But yet now we can

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Speaker 5: still arrest people.

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Speaker 11: I believe her name is Isabella de Luca, the young

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Speaker 11: conservative influencer who was just arrested this week on low

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Speaker 11: level petty offenses. So they continue to do this to

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Speaker 11: build up the caseload of alleged domestic terrorists and also

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Speaker 11: to keep January sixth in the news as the American

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Speaker 11: people are now starting to think what really happened that day?

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Speaker 1: Yeah, so I'm glad they were able to take down

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Speaker 1: that dangerous terrorist we see on the screen right there.

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Speaker 1: She looks like quite the danger to society, I might

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Speaker 1: point out. Okay, John Roberts the Supreme Court, Julie, I

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Speaker 1: don't need any help to hate John Roberts any more

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Speaker 1: than I already do. But would you help me along anyway?

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Speaker 2: So?

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Speaker 11: I wish I could make sense of his ultimate decision

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Speaker 11: that basically upheld Judge Avint Maida and the appellate court

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Speaker 11: judges all Democrats as well, that forced Peter Navarro to

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Speaker 11: report to prison as his appeal is making its way

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Speaker 11: through the courts. Now, what John Roberts basically I believe,

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Speaker 11: said I was trying to figure it out, is that

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Speaker 11: he basically believes that Peter Navarro's appeal will fail. That

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Speaker 11: is not really a question of law, and so therefore

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Speaker 11: his reporting to prison should not be delayed. Now, this

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Speaker 11: is different than what's happening with Steve Bannon, also convicted

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Speaker 11: by a DC jury of two of contempt of Congress.

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Speaker 11: In that case, Carl Nichols the Trump appointed judge did,

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Speaker 11: which a lot of judges do, delay reporting to prison

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Speaker 11: until the appeal decision comes down. Interestingly enough, and I'll

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Speaker 11: tell you this is another outrage for Peter Navarro. His

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Speaker 11: appeal is supposed to be heard later this week instead

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Speaker 11: of oral arguments, and another three judge three all Democrat

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Speaker 11: judge panel will consider his appeal. Usually, oral arguments are

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Speaker 11: made public you can listen in. And this time they

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Speaker 11: will not be conducting public or publicly accessible oral arguments

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Speaker 11: at all. They will decide on the appeal without oral arguments,

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Speaker 11: which means, of course Peter Navarro's appeal will fail.

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Speaker 1: Okay, what happened with Trump in the Supreme Court? He

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Speaker 1: filed some kind of a brief about immunity. Is this

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Speaker 1: a good thing? Is this a bad thing? That is

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Speaker 1: the ball moving in the right direction here?

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Speaker 11: So Jesse, this is the appeal to the Supreme Court

444
00:24:06,880 --> 00:24:10,439
Speaker 11: about lower court decisions. Again, almost all Democrat judges that

445
00:24:10,560 --> 00:24:14,879
Speaker 11: deny Donald Trump's claims a presidential immunity from criminal prosecution

446
00:24:15,119 --> 00:24:19,160
Speaker 11: in the January sixth criminal indictment. So this is now

447
00:24:19,200 --> 00:24:22,720
Speaker 11: before the Supreme Court. They will hold oral arguments on

448
00:24:22,760 --> 00:24:25,600
Speaker 11: this matter. April twenty fifth. In the meantime, both sides

449
00:24:25,640 --> 00:24:30,040
Speaker 11: will file their briefs. Donald Trump yesterday filed his brief

450
00:24:30,080 --> 00:24:34,359
Speaker 11: explaining why president should be immune from criminal prosecution. Then,

451
00:24:34,400 --> 00:24:36,359
Speaker 11: of course Jack Smith will come back and file an

452
00:24:36,400 --> 00:24:39,720
Speaker 11: opposing brief That will be what the Supreme Court justices

453
00:24:39,800 --> 00:24:44,120
Speaker 11: will debate publicly on April twenty fifth, and then will

454
00:24:44,200 --> 00:24:46,320
Speaker 11: render some sort of decision or opinion.

455
00:24:46,440 --> 00:24:48,200
Speaker 5: It could be as early.

456
00:24:47,960 --> 00:24:51,840
Speaker 11: As late May, it could be into June and then Jesse.

457
00:24:52,000 --> 00:24:55,040
Speaker 11: The impact of that decision will gauge whether the January

458
00:24:55,119 --> 00:24:58,639
Speaker 11: sixth trial and Washington moves forward or not. Of course,

459
00:24:58,680 --> 00:25:03,120
Speaker 11: that is then in definitely postponed until the Supreme Court

460
00:25:03,200 --> 00:25:07,359
Speaker 11: comes down with this decisive ruling if a president is

461
00:25:07,520 --> 00:25:10,800
Speaker 11: or is not immune from criminal prosecution. First time, another

462
00:25:10,960 --> 00:25:15,800
Speaker 11: history making decision, court decision among many when it relates

463
00:25:15,800 --> 00:25:16,639
Speaker 11: to Donald Trump.

464
00:25:18,680 --> 00:25:21,480
Speaker 1: Julie, you've done a lot of good journalism over the years.

465
00:25:21,520 --> 00:25:22,800
Speaker 2: Maybe my favorite thing.

466
00:25:22,720 --> 00:25:27,480
Speaker 1: You've done, though, is cover the fed napping hoax of Michigan.

467
00:25:27,640 --> 00:25:30,120
Speaker 2: So many Americans, most Americans.

468
00:25:29,760 --> 00:25:32,840
Speaker 1: Are really not aware of the fact that the federal

469
00:25:32,920 --> 00:25:37,320
Speaker 1: government concocted, pretty much on its own, a fake kidnapping

470
00:25:37,359 --> 00:25:40,199
Speaker 1: plot of the governor of Michigan to roll out some

471
00:25:40,320 --> 00:25:45,200
Speaker 1: election year things showing right wingers to be dangerous terrorists. Anyway,

472
00:25:45,240 --> 00:25:47,040
Speaker 1: what's the update on all this insanity?

473
00:25:48,000 --> 00:25:49,520
Speaker 5: You know, Jesse, I'm with you.

474
00:25:50,560 --> 00:25:53,919
Speaker 11: I call the Witmer Fed napping hoax my soap opera.

475
00:25:54,000 --> 00:25:57,240
Speaker 11: It's kind of my break from my coverage of January sixth, because.

476
00:25:57,000 --> 00:25:58,720
Speaker 5: You could not make this up.

477
00:25:59,320 --> 00:26:03,840
Speaker 11: The FBI so brazen, and in some instace it's so stupid,

478
00:26:03,880 --> 00:26:05,960
Speaker 11: but in other instances, and this is what I'm going

479
00:26:06,000 --> 00:26:09,240
Speaker 11: to be reporting on shortly, all of these new recordings.

480
00:26:09,280 --> 00:26:11,760
Speaker 11: Of course, these FBI informants, they had over a dozen

481
00:26:12,200 --> 00:26:15,520
Speaker 11: informants involved, They had at least three undercover agents involved.

482
00:26:15,520 --> 00:26:19,000
Speaker 11: They have supervising handling agents from at least four or

483
00:26:19,080 --> 00:26:23,879
Speaker 11: five other FBI field offices. They were all recording their targets. Well,

484
00:26:24,040 --> 00:26:27,400
Speaker 11: almost all of that was a jury did not hear

485
00:26:27,440 --> 00:26:31,000
Speaker 11: almost all of those recordings in trial. But somehow independent

486
00:26:31,040 --> 00:26:36,400
Speaker 11: recorders have obtained these recordings and they are disclosing confirming

487
00:26:36,480 --> 00:26:40,359
Speaker 11: this plot, but even more details about the extent to

488
00:26:40,480 --> 00:26:45,280
Speaker 11: which these informants, undercover agents, and their handling agents went

489
00:26:45,720 --> 00:26:49,840
Speaker 11: to concoct this entrapment operation lure these targets into it.

490
00:26:50,160 --> 00:26:53,240
Speaker 11: And I'll tell you what, Jesse really risked the life

491
00:26:53,359 --> 00:26:55,400
Speaker 11: of Gretchen wit no matter what you think of her,

492
00:26:55,480 --> 00:26:58,760
Speaker 11: risked her life, in her family's life to try to

493
00:26:58,800 --> 00:27:01,840
Speaker 11: put these men in a position of claiming to want

494
00:27:01,880 --> 00:27:04,000
Speaker 11: to kidnap and kill her. And I will have their

495
00:27:04,119 --> 00:27:08,960
Speaker 11: more disclosures. I just heard yesterday on these recordings underscoring

496
00:27:09,280 --> 00:27:12,440
Speaker 11: the danger that the FBI really put Gretchen Whitmer and

497
00:27:12,560 --> 00:27:15,760
Speaker 11: others in by concocting this plan to make it look

498
00:27:15,800 --> 00:27:19,000
Speaker 11: like Donald Trump supporters tried to kidnap and kill governors

499
00:27:19,040 --> 00:27:22,560
Speaker 11: like Gregen Whitmer and Virginia Governor Ralph Northam also part

500
00:27:22,560 --> 00:27:23,199
Speaker 11: of that plot.

501
00:27:25,280 --> 00:27:27,960
Speaker 1: Just this dangled or out there like a piece of

502
00:27:28,000 --> 00:27:29,399
Speaker 1: greasy communist babes.

503
00:27:29,600 --> 00:27:34,080
Speaker 2: Crazy Julie, thank you man. I appreciate it all right.

504
00:27:35,440 --> 00:27:39,840
Speaker 1: Debt, immigration, those are the two things they can sink

505
00:27:39,880 --> 00:27:42,520
Speaker 1: a nation of any size or strength. Debt and immigration.

506
00:27:42,680 --> 00:27:45,119
Speaker 1: Both those things have done so many times throughout history.

507
00:27:45,160 --> 00:27:47,919
Speaker 1: And we're going to talk about those things next.

508
00:27:48,240 --> 00:27:48,560
Speaker 2: Now.

509
00:27:49,400 --> 00:27:53,280
Speaker 1: Leading up to the debt talk kind of kind of

510
00:27:53,320 --> 00:27:57,040
Speaker 1: leads us to this talk. We're not going to solve

511
00:27:57,480 --> 00:28:01,000
Speaker 1: the national debt. People are getting more and more accepting

512
00:28:01,000 --> 00:28:03,240
Speaker 1: of this. Now we have sitting members of Congress saying

513
00:28:03,280 --> 00:28:06,399
Speaker 1: these this publicly. Now, the national debt crisis will not

514
00:28:06,520 --> 00:28:10,720
Speaker 1: be solved. We're not going to change course until crisis

515
00:28:10,760 --> 00:28:13,000
Speaker 1: gets here. Until the plane flies into the side of

516
00:28:13,040 --> 00:28:16,080
Speaker 1: the mountain, nothing's going to stop it. The debt crisis

517
00:28:16,240 --> 00:28:21,800
Speaker 1: is inevitable. So take steps to prepare. Doesn't do any

518
00:28:21,800 --> 00:28:24,639
Speaker 1: good to sit around and suck your thumb. Call Oxford

519
00:28:24,680 --> 00:28:28,480
Speaker 1: Gold Group and prepare. You don't have to go crazy. Look,

520
00:28:28,520 --> 00:28:29,400
Speaker 1: you don't have the money.

521
00:28:29,160 --> 00:28:30,320
Speaker 2: To go crazy. Who does.

522
00:28:30,960 --> 00:28:35,399
Speaker 1: Get some gold or silver coins in your physical possession.

523
00:28:35,280 --> 00:28:37,800
Speaker 2: Not gold bars. You don't need a bank vault.

524
00:28:37,880 --> 00:28:40,800
Speaker 1: Oxford Gold Group will mail it to your front door,

525
00:28:40,880 --> 00:28:42,280
Speaker 1: anonymous ensured.

526
00:28:42,560 --> 00:28:44,720
Speaker 2: They'll get it in your four to one K. They'll

527
00:28:44,720 --> 00:28:48,240
Speaker 2: get it in your IRA. The debt crisis is coming.

528
00:28:48,360 --> 00:28:49,040
Speaker 2: It is coming.

529
00:28:49,520 --> 00:28:53,080
Speaker 1: All we can do is get a parachute, right eight

530
00:28:53,080 --> 00:28:57,440
Speaker 1: three three nine nine five gold Tell Oxford. Jesse told

531
00:28:57,480 --> 00:29:01,640
Speaker 1: you to call eight three three Gold will be back.

532
00:29:10,280 --> 00:29:10,600
Speaker 2: All right.

533
00:29:10,600 --> 00:29:13,360
Speaker 1: We're gonna make this fast because it's a little dark,

534
00:29:13,640 --> 00:29:15,200
Speaker 1: but it's just it's one of those things we have

535
00:29:15,240 --> 00:29:18,360
Speaker 1: to continue discussing on the show because we have to

536
00:29:18,400 --> 00:29:21,200
Speaker 1: start getting our minds right in order to pressure our

537
00:29:21,240 --> 00:29:26,960
Speaker 1: representatives to get their minds right. Debt and immigration, those

538
00:29:27,080 --> 00:29:30,640
Speaker 1: are the two things that can bring and will bring

539
00:29:30,960 --> 00:29:33,120
Speaker 1: nations down, no matter what size.

540
00:29:33,200 --> 00:29:35,120
Speaker 2: No matter what size, you know, No, there's no.

541
00:29:35,200 --> 00:29:38,200
Speaker 1: Army on the planet that could attack the United States,

542
00:29:38,640 --> 00:29:41,240
Speaker 1: the United States of America and take us down right now.

543
00:29:41,280 --> 00:29:42,240
Speaker 2: It's not possible.

544
00:29:42,280 --> 00:29:44,800
Speaker 1: We have too many guns, too many boats, too many everything.

545
00:29:45,160 --> 00:29:48,000
Speaker 2: It's just not possible. Logistically, it's not possible.

546
00:29:48,720 --> 00:29:54,120
Speaker 1: But America and American debt, any legal immigration can and

547
00:29:54,320 --> 00:29:55,680
Speaker 1: I've described it this way before.

548
00:29:55,680 --> 00:29:57,560
Speaker 2: It's the best way I can think of to describe it.

549
00:29:58,000 --> 00:30:00,200
Speaker 1: I want you to picture the biggest, most power full

550
00:30:00,280 --> 00:30:03,160
Speaker 1: ship you've ever seen in your life. This is the biggest,

551
00:30:03,160 --> 00:30:05,000
Speaker 1: most powerful thing you've ever seen in your life.

552
00:30:06,560 --> 00:30:07,200
Speaker 2: It's awesome.

553
00:30:07,560 --> 00:30:10,040
Speaker 1: It can take a lot of punishment, but what it

554
00:30:10,080 --> 00:30:14,040
Speaker 1: can't do is take on unending amounts of water.

555
00:30:14,760 --> 00:30:16,440
Speaker 2: Eventually, with enough water.

556
00:30:16,320 --> 00:30:20,240
Speaker 1: Even the biggest, most powerful ship goes down. That's what

557
00:30:20,320 --> 00:30:26,520
Speaker 1: debt and immigration are. Let's talk about immigration first. We

558
00:30:26,560 --> 00:30:29,760
Speaker 1: have a squabble with the courts. Texas is out there

559
00:30:29,840 --> 00:30:32,680
Speaker 1: trying to secure its border because the federal government won't.

560
00:30:33,480 --> 00:30:36,800
Speaker 1: Texas is getting mixed mixed signals, if you will, from

561
00:30:36,840 --> 00:30:39,960
Speaker 1: the various courts. First stake that they're allowed to enforce

562
00:30:40,000 --> 00:30:42,320
Speaker 1: the law. Then they're not allowed to enforce the law.

563
00:30:42,440 --> 00:30:44,840
Speaker 1: The Supreme Court makes the dishes, and then they're reverse

564
00:30:44,880 --> 00:30:47,760
Speaker 1: a decision. Now today a judge decided out of the

565
00:30:47,760 --> 00:30:49,640
Speaker 1: blue that they're not allowed to do it. Just just

566
00:30:49,840 --> 00:30:54,200
Speaker 1: understand something. We now live in a country. I can't

567
00:30:54,200 --> 00:30:56,520
Speaker 1: believe this is the case. We now live in a

568
00:30:56,560 --> 00:31:00,920
Speaker 1: country where states have to ask the court for permission

569
00:31:01,720 --> 00:31:02,960
Speaker 1: to secure their borders.

570
00:31:03,680 --> 00:31:05,800
Speaker 2: That's how crazy things are, Katie.

571
00:31:06,000 --> 00:31:10,360
Speaker 1: A fallen country is getting ready to flood the country

572
00:31:10,400 --> 00:31:14,480
Speaker 1: with all kinds of criminals, and you know we're gonna

573
00:31:14,520 --> 00:31:17,440
Speaker 1: let them in. The Last time, fourteen thousand Haitians showed

574
00:31:17,480 --> 00:31:18,640
Speaker 1: up on the border, we let them all in.

575
00:31:19,560 --> 00:31:20,560
Speaker 2: It's crazy, And.

576
00:31:20,520 --> 00:31:23,160
Speaker 1: Yes, I am glad we do have people out there

577
00:31:23,200 --> 00:31:25,960
Speaker 1: like Florida Governor Ronda Santis and says he's setting them

578
00:31:25,960 --> 00:31:27,520
Speaker 1: to Martha's vineyard.

579
00:31:28,560 --> 00:31:30,960
Speaker 13: The problem when you get to a situation like Florida

580
00:31:31,240 --> 00:31:33,800
Speaker 13: is if they have people in our state and we

581
00:31:33,840 --> 00:31:36,640
Speaker 13: wanted to fly them say back to Haiti. You have

582
00:31:36,720 --> 00:31:38,520
Speaker 13: to get clearance to be able to do that. If

583
00:31:38,520 --> 00:31:41,280
Speaker 13: you wanted to fly somebody to South American country wherever

584
00:31:41,280 --> 00:31:44,280
Speaker 13: they're from, it becomes a little bit more difficult because

585
00:31:44,280 --> 00:31:46,960
Speaker 13: the federal government's going to tell the host countries not

586
00:31:47,040 --> 00:31:50,120
Speaker 13: to accept our planes. So we've gone through these iterations.

587
00:31:50,200 --> 00:31:52,960
Speaker 13: What could we do as states? I definitely think we

588
00:31:53,040 --> 00:31:56,120
Speaker 13: can help put them back over the border if they

589
00:31:56,160 --> 00:31:58,640
Speaker 13: come across in Texas or Arizona.

590
00:31:58,160 --> 00:31:59,719
Speaker 2: And so I'd be willing to help do that.

591
00:32:00,120 --> 00:32:02,400
Speaker 13: I think that the states really have no other choice

592
00:32:02,400 --> 00:32:04,400
Speaker 13: to do that at that point. It's a little bit

593
00:32:04,440 --> 00:32:07,040
Speaker 13: different for a maritime state like us. That's why we've

594
00:32:07,080 --> 00:32:10,200
Speaker 13: got we really got to get them before they reach

595
00:32:10,280 --> 00:32:12,200
Speaker 13: the shores, and that's why we're working so hard to

596
00:32:12,240 --> 00:32:15,760
Speaker 13: do that. Although I will say this, we do have

597
00:32:16,600 --> 00:32:21,360
Speaker 13: our transport program also that's going to be operational. So

598
00:32:22,160 --> 00:32:25,680
Speaker 13: Haitians land in the Florida Keys, their next stop very

599
00:32:25,720 --> 00:32:27,640
Speaker 13: well may be Martha's vineyard.

600
00:32:29,400 --> 00:32:32,040
Speaker 1: I love it, all right, So we're moving on past that.

601
00:32:32,080 --> 00:32:34,719
Speaker 1: I just want to address this because the House is

602
00:32:34,760 --> 00:32:37,200
Speaker 1: going through all these spending bills right now, and we

603
00:32:37,280 --> 00:32:40,120
Speaker 1: got this gym yesterday from Speaker of the House Mike Johnson,

604
00:32:40,320 --> 00:32:43,680
Speaker 1: an agreement has been reached for the DHS appropriations, which

605
00:32:43,720 --> 00:32:47,120
Speaker 1: will allow completion of the f y twenty four appropriations process.

606
00:32:48,320 --> 00:32:51,680
Speaker 1: House and Senate committees have begun drafting bill text to

607
00:32:51,760 --> 00:32:55,640
Speaker 1: be prepared for release and consideration by the full House

608
00:32:55,680 --> 00:33:00,560
Speaker 1: and Senate as soon as possible. So they already come

609
00:33:00,600 --> 00:33:06,160
Speaker 1: to an agreement on spending, but they don't.

610
00:33:05,960 --> 00:33:09,560
Speaker 2: Have the text yet. Hold on to it. Let me

611
00:33:09,640 --> 00:33:10,480
Speaker 2: just make sure I have that right.

612
00:33:10,840 --> 00:33:13,960
Speaker 1: So, Mike Johnson and Chuck Schumer and by the way,

613
00:33:13,960 --> 00:33:15,800
Speaker 1: Bynardy City, he's going to sign this thing into law.

614
00:33:16,120 --> 00:33:18,240
Speaker 1: They all got together and they came to an agreement

615
00:33:18,320 --> 00:33:24,120
Speaker 1: on something that hasn't been written yet. You want to

616
00:33:24,160 --> 00:33:28,080
Speaker 1: talk about just nakedly laying the corruption right out right

617
00:33:28,080 --> 00:33:30,720
Speaker 1: out there for you? Yeah, now you understand what I

618
00:33:30,720 --> 00:33:33,360
Speaker 1: mean about the debt crisis that's coming. It's coming. Financial

619
00:33:33,640 --> 00:33:36,640
Speaker 1: can't be stopped. Joining me next to talk about the

620
00:33:36,640 --> 00:33:38,520
Speaker 1: bed and the debt and all that stuff. I'm going

621
00:33:38,560 --> 00:33:40,520
Speaker 1: to ask Peter about this, Peter saint On, It's going

622
00:33:40,600 --> 00:33:43,360
Speaker 1: to join us next to rant about that. Just remember, remember,

623
00:33:45,040 --> 00:33:49,960
Speaker 1: these people have absolutely doomed us, and the American people

624
00:33:50,920 --> 00:33:55,240
Speaker 1: not caring about spending kind of are at fault here now,

625
00:33:56,040 --> 00:33:58,800
Speaker 1: speaking of all the illegal immigration coming into the country,

626
00:33:58,840 --> 00:34:01,560
Speaker 1: all the criminals, all the all the rapists. Every day

627
00:34:01,600 --> 00:34:04,520
Speaker 1: there's a new headline about an American citizen being preyed

628
00:34:04,600 --> 00:34:09,320
Speaker 1: upon by a criminal. What have you done to protect yourself?

629
00:34:10,320 --> 00:34:12,400
Speaker 1: I'm not talking about picking up the cell phone.

630
00:34:12,120 --> 00:34:12,960
Speaker 2: To call the cops.

631
00:34:13,640 --> 00:34:15,680
Speaker 1: If you're walking in the parking lot, in the gas

632
00:34:15,719 --> 00:34:18,680
Speaker 1: station at night and a very violent man shows up

633
00:34:18,719 --> 00:34:21,240
Speaker 1: in front of you to hurt you, can you stop him?

634
00:34:22,560 --> 00:34:25,480
Speaker 1: Do you have your burn A pistol launcher yet, because

635
00:34:25,480 --> 00:34:26,920
Speaker 1: if you do, you can pull it out.

636
00:34:26,760 --> 00:34:29,920
Speaker 2: And stop him. Jessey, I'm not comfortable.

637
00:34:29,960 --> 00:34:33,640
Speaker 1: Listen, this is non lethal. I carry lethal and non lethal.

638
00:34:33,960 --> 00:34:36,560
Speaker 1: In fact, I would recommend everyone who carries concealed to

639
00:34:36,640 --> 00:34:40,279
Speaker 1: also carry non lethal. But no, no matter what, you

640
00:34:40,400 --> 00:34:42,319
Speaker 1: need to carry a burn A pistol launcher on you.

641
00:34:42,400 --> 00:34:45,960
Speaker 1: It's legal in all fifty states, no background checks.

642
00:34:46,120 --> 00:34:48,279
Speaker 2: They'll mail it to your front door. That shoots these

643
00:34:48,320 --> 00:34:50,720
Speaker 2: pepper balls or tear gas balls.

644
00:34:50,760 --> 00:34:53,879
Speaker 1: Are you sure your daughter can stop somebody from hurting her?

645
00:34:54,280 --> 00:34:54,759
Speaker 2: Your son?

646
00:34:55,760 --> 00:34:58,799
Speaker 1: Burn a b y RNA and when you go to

647
00:34:58,840 --> 00:35:02,680
Speaker 1: Berner dot com, Jesse, you get ten percent off. Get

648
00:35:02,719 --> 00:35:05,440
Speaker 1: a few burn epistol launchers for the family. Trust me,

649
00:35:05,840 --> 00:35:07,440
Speaker 1: you might even have fun practicing with it.

650
00:35:07,440 --> 00:35:18,640
Speaker 2: All right, all right, we'll be back. Okay.

651
00:35:18,719 --> 00:35:21,600
Speaker 1: So the Fed is confusing for normal people. That's why

652
00:35:21,600 --> 00:35:23,440
Speaker 1: we need smart people to come on the show to

653
00:35:23,520 --> 00:35:26,560
Speaker 1: explain things for us. Jero and Pals spoke today. I

654
00:35:26,560 --> 00:35:30,279
Speaker 1: don't understand why aren't we cutting rates anyway? Joining me now,

655
00:35:30,320 --> 00:35:33,080
Speaker 1: Peter saint On up the Amazing Heritage Foundation.

656
00:35:33,200 --> 00:35:34,160
Speaker 2: He's an economist.

657
00:35:34,400 --> 00:35:37,799
Speaker 1: Okay, Peter, why aren't they cutting rates? Rates are really

658
00:35:37,880 --> 00:35:40,480
Speaker 1: high and it hurts and people ganging home loans, and

659
00:35:40,520 --> 00:35:41,640
Speaker 1: it's hurting the economy.

660
00:35:41,640 --> 00:35:45,480
Speaker 2: What's going on? It is all of those things are true.

661
00:35:46,600 --> 00:35:48,480
Speaker 12: You know, interest rates at a level right now where

662
00:35:48,480 --> 00:35:51,800
Speaker 12: they're squeezing regular people. So you've got mortgages up around

663
00:35:51,880 --> 00:35:55,200
Speaker 12: seven percent, You've got all these problems. You know, high

664
00:35:55,239 --> 00:35:57,600
Speaker 12: rates hit the banks. That's why we had a bunch

665
00:35:57,640 --> 00:36:01,680
Speaker 12: of bank collapses last year. Also bad for companies. There's

666
00:36:01,680 --> 00:36:04,279
Speaker 12: this wall of corporate debt coming in. There's this wall

667
00:36:04,280 --> 00:36:08,239
Speaker 12: of real estate commercial real estate loans. So high rates

668
00:36:08,280 --> 00:36:11,560
Speaker 12: are a serious problem. The issue here is that the

669
00:36:11,600 --> 00:36:15,239
Speaker 12: FED knows that if it cuts rates again, that is

670
00:36:15,280 --> 00:36:18,960
Speaker 12: going to make inflation go higher. The background here is

671
00:36:18,960 --> 00:36:21,880
Speaker 12: that right now, inflation is taking off. Right, So if

672
00:36:21,880 --> 00:36:25,040
Speaker 12: we go back to the last five months, so last October,

673
00:36:25,440 --> 00:36:29,720
Speaker 12: inflation was bumping along at an annualized one percent, Okay,

674
00:36:29,760 --> 00:36:31,640
Speaker 12: so it went up to one point nine in November,

675
00:36:31,640 --> 00:36:35,760
Speaker 12: two point eight, December, three point five, in January. Latest

676
00:36:35,800 --> 00:36:39,080
Speaker 12: number is February. Last month it was five point four

677
00:36:39,160 --> 00:36:43,440
Speaker 12: percent annualized, So inflation is absolutely taking off.

678
00:36:43,880 --> 00:36:45,000
Speaker 2: The FED is now stuck.

679
00:36:45,040 --> 00:36:47,160
Speaker 12: They're in a spot where they've got to keep rates

680
00:36:47,280 --> 00:36:50,080
Speaker 12: high to at least try to keep you lit on that,

681
00:36:50,680 --> 00:36:53,239
Speaker 12: and then they just keep shooting at trillion dollars if

682
00:36:53,280 --> 00:36:55,360
Speaker 12: anything goes wrong. So they already shot a bunch of

683
00:36:55,360 --> 00:36:58,240
Speaker 12: money at the banks, they shoot at Wall Street, anything

684
00:36:58,280 --> 00:37:00,680
Speaker 12: they can find, they just launch a trillion at that.

685
00:37:00,800 --> 00:37:04,160
Speaker 12: Of course, every trillion they print that way is going

686
00:37:04,239 --> 00:37:05,600
Speaker 12: to lead the future inflation.

687
00:37:05,760 --> 00:37:08,200
Speaker 2: So the FED has screwed up so far.

688
00:37:08,280 --> 00:37:12,080
Speaker 12: It looks like they pulled off the catastrophe they ran

689
00:37:12,160 --> 00:37:16,160
Speaker 12: in the nineteen seventies where they launched this massive inflation,

690
00:37:17,200 --> 00:37:21,440
Speaker 12: heighted rates to break the economy, and even then it

691
00:37:21,520 --> 00:37:24,200
Speaker 12: ripped off again in the seventies. It went on for

692
00:37:24,200 --> 00:37:27,200
Speaker 12: another five years after that of high inflation.

693
00:37:27,400 --> 00:37:29,560
Speaker 2: So we'll see if they manage that one again.

694
00:37:31,400 --> 00:37:35,160
Speaker 1: Peter, can you explain to people like me why two

695
00:37:35,280 --> 00:37:38,880
Speaker 1: percent annualized inflation is the target? Because these people, these

696
00:37:38,920 --> 00:37:40,919
Speaker 1: smart people, talk about it all the time that that's

697
00:37:40,920 --> 00:37:44,279
Speaker 1: what they're going for. But for the average person like me,

698
00:37:44,960 --> 00:37:48,160
Speaker 1: I don't understand why my money needs to inflate at all,

699
00:37:48,280 --> 00:37:50,640
Speaker 1: let alone two percent. How did we get to this number?

700
00:37:52,000 --> 00:37:54,200
Speaker 12: Yeah, absolutely right, And you know they got the smoke

701
00:37:54,239 --> 00:37:56,760
Speaker 12: and mirrors on it, but fundamentally, there is no science

702
00:37:56,800 --> 00:38:00,799
Speaker 12: behind any of this crap. It's fundamentally public relations. It's propaganda,

703
00:38:01,400 --> 00:38:06,040
Speaker 12: befed's job. The reason why central banks exist, including the FED, is.

704
00:38:06,000 --> 00:38:08,480
Speaker 2: To print money to create inflation.

705
00:38:09,320 --> 00:38:11,839
Speaker 12: Right before the FED exists in this country, we had

706
00:38:11,840 --> 00:38:15,600
Speaker 12: about one hundred and fifty years with no inflation. Inflation

707
00:38:15,880 --> 00:38:18,279
Speaker 12: is not built into the economy, it's not a fact

708
00:38:18,320 --> 00:38:22,520
Speaker 12: of life. It is created by central banks. So why

709
00:38:22,520 --> 00:38:24,880
Speaker 12: does the FED have a two percent target? Because it

710
00:38:24,960 --> 00:38:28,560
Speaker 12: thinks that's the most it can steal. Right, My favorite

711
00:38:28,640 --> 00:38:31,920
Speaker 12: metaphor is a gasoline thief. All right, Let's say you're

712
00:38:31,960 --> 00:38:34,840
Speaker 12: going and stealing some gas out of all your neighbors'

713
00:38:34,880 --> 00:38:35,719
Speaker 12: cars every night.

714
00:38:36,200 --> 00:38:36,480
Speaker 2: All right.

715
00:38:36,520 --> 00:38:38,879
Speaker 12: The trick to that game is don't take too much

716
00:38:38,920 --> 00:38:42,880
Speaker 12: at once. They're gonna notice it's exactly how central banks operate.

717
00:38:43,000 --> 00:38:45,120
Speaker 12: So they stick to two percent because they think they

718
00:38:45,120 --> 00:38:47,920
Speaker 12: can get away with it. Some random banker came up

719
00:38:47,960 --> 00:38:50,880
Speaker 12: with it New Zealand thirty years ago. There's no science,

720
00:38:50,920 --> 00:38:53,080
Speaker 12: there's no logic to it, and in fact, there is

721
00:38:53,080 --> 00:38:56,080
Speaker 12: a bunch of Democrat inflationists who want to crank that up.

722
00:38:56,080 --> 00:38:58,719
Speaker 12: So they want to get three to four whatever they

723
00:38:58,760 --> 00:39:01,840
Speaker 12: can get away with. Of course, at that point the

724
00:39:01,880 --> 00:39:05,120
Speaker 12: people start getting upset, they start voting for populists.

725
00:39:06,480 --> 00:39:10,160
Speaker 1: Yeah, okay, Peter, I want to circle back to something

726
00:39:10,160 --> 00:39:13,400
Speaker 1: you talked about about the commercial real estate, commercial real

727
00:39:13,520 --> 00:39:17,400
Speaker 1: estate loan industry. I remember during COVID the lockdowns, I

728
00:39:17,400 --> 00:39:19,320
Speaker 1: had to go to New York City for some stupid

729
00:39:19,360 --> 00:39:21,160
Speaker 1: media thing. But I had to go to this office

730
00:39:21,160 --> 00:39:24,200
Speaker 1: building and it was something like fifty stories, and Peter,

731
00:39:24,760 --> 00:39:27,680
Speaker 1: three stories were in use. Everything else was empty and

732
00:39:27,719 --> 00:39:30,320
Speaker 1: they were emptying out. I have been told that places

733
00:39:30,360 --> 00:39:32,759
Speaker 1: like New York City now, speaking of which they're at

734
00:39:32,800 --> 00:39:35,799
Speaker 1: fifty percent occupancy for all of its corporate stuff, is

735
00:39:35,840 --> 00:39:39,440
Speaker 1: that what's driving this corporate loan crisis the fact that

736
00:39:39,480 --> 00:39:42,040
Speaker 1: these people who own these commercial properties no one wants

737
00:39:42,080 --> 00:39:42,880
Speaker 1: to read them anymore.

738
00:39:44,160 --> 00:39:47,200
Speaker 12: Yeah, you always get commercial real estate going through this

739
00:39:47,280 --> 00:39:50,960
Speaker 12: kind of boom bus cycle, and usually that's driven by

740
00:39:50,960 --> 00:39:53,880
Speaker 12: the Fed. Right, So what the Fed typically does is

741
00:39:54,000 --> 00:39:58,440
Speaker 12: lower rates interest rates. They lower it to make money cheap,

742
00:39:58,680 --> 00:40:00,719
Speaker 12: all right, And then that you kind of get this

743
00:40:00,760 --> 00:40:03,239
Speaker 12: tissue fire in the economy. You know, you get all

744
00:40:03,280 --> 00:40:06,640
Speaker 12: these stupid like dot com and crypto and all this crap.

745
00:40:06,840 --> 00:40:10,440
Speaker 12: Just basically money is so cheap that idiots are getting it.

746
00:40:10,480 --> 00:40:11,480
Speaker 2: They're playing around with it.

747
00:40:11,920 --> 00:40:15,280
Speaker 12: And then the Fed usually hikes interest rates real high

748
00:40:15,280 --> 00:40:17,480
Speaker 12: because it's got to stop the inflation it cause with

749
00:40:17,560 --> 00:40:20,120
Speaker 12: all that cheap money, all right, So you get that

750
00:40:20,160 --> 00:40:23,879
Speaker 12: boom bust cycle now in that commercial real estate has

751
00:40:23,920 --> 00:40:26,360
Speaker 12: always hit really hard, right, there's a lot of idiots

752
00:40:26,400 --> 00:40:29,480
Speaker 12: in commercial real estate. It's very big numbers in play.

753
00:40:29,520 --> 00:40:32,319
Speaker 12: You got hundreds of millions for an individual property. So

754
00:40:32,360 --> 00:40:34,680
Speaker 12: they get this flood of money. You get this big

755
00:40:34,719 --> 00:40:37,960
Speaker 12: tissue fire and commercial real estate, and then when the

756
00:40:38,000 --> 00:40:40,640
Speaker 12: Fed hikes rates, it comes crashing down. So that's a

757
00:40:40,680 --> 00:40:43,960
Speaker 12: normal cycle. That's kind of how this launched. The problem

758
00:40:44,000 --> 00:40:45,840
Speaker 12: with this particular one. The reason why it's such a

759
00:40:45,840 --> 00:40:49,080
Speaker 12: problem is exactly what you're talking about with COVID. It's

760
00:40:49,120 --> 00:40:51,239
Speaker 12: not just COVID that kind of work from home that

761
00:40:51,280 --> 00:40:53,919
Speaker 12: a lot of companies went through permanently. You've also got

762
00:40:53,960 --> 00:40:57,200
Speaker 12: this intentional mismanagement of America cities where I mean that

763
00:40:57,360 --> 00:41:01,440
Speaker 12: they're turning into these like apocalyptic hellscape. You know, downtown

764
00:41:01,520 --> 00:41:05,040
Speaker 12: San Francisco. I mean, you had to sell your first

765
00:41:05,040 --> 00:41:08,759
Speaker 12: born to get office space on Market Street in San Francisco, right,

766
00:41:09,120 --> 00:41:12,359
Speaker 12: and now it's all taken over by junkies. So all

767
00:41:12,400 --> 00:41:14,960
Speaker 12: of those properties, every single one of those properties, it's

768
00:41:15,000 --> 00:41:18,040
Speaker 12: covered in junkies. Now somebody took out like a three

769
00:41:18,080 --> 00:41:21,080
Speaker 12: hundred million dollar loan for that sucker is sitting on

770
00:41:21,160 --> 00:41:24,319
Speaker 12: some banks books, all right, and right now what the

771
00:41:24,320 --> 00:41:27,719
Speaker 12: banks are doing is they give them new money to

772
00:41:27,800 --> 00:41:30,600
Speaker 12: service the loan, so everybody can pretend that the loan

773
00:41:30,680 --> 00:41:33,760
Speaker 12: is healthy, right, because once the loan is no longer

774
00:41:33,800 --> 00:41:37,320
Speaker 12: being serviced, that's a big red mark on their book,

775
00:41:37,440 --> 00:41:39,120
Speaker 12: and then the regulators have to come in and they

776
00:41:39,160 --> 00:41:42,359
Speaker 12: have uncomfortable conversations. So there was actually study It went

777
00:41:42,440 --> 00:41:45,840
Speaker 12: up in the the NBER. Recently they were saying that

778
00:41:45,840 --> 00:41:49,680
Speaker 12: there could be four hundred regional banks in the US

779
00:41:49,920 --> 00:41:51,399
Speaker 12: under threat because of that.

780
00:41:51,360 --> 00:41:53,000
Speaker 2: Collapse in commercial real estate.

781
00:41:54,520 --> 00:41:59,280
Speaker 1: Oh I'm so unbelievably uncomfortable right now, just the thought

782
00:41:59,280 --> 00:42:01,720
Speaker 1: of a three hundred million dollar loan in a property.

783
00:42:01,840 --> 00:42:02,680
Speaker 2: Oh my gosh.

784
00:42:02,880 --> 00:42:04,960
Speaker 1: Okay, Peter, I'm going to finish up with this the

785
00:42:04,960 --> 00:42:07,719
Speaker 1: housing market, because that is more, it's more applicable to

786
00:42:07,719 --> 00:42:10,799
Speaker 1: everybody watching right now. It's just it's a very satisfact

787
00:42:10,800 --> 00:42:13,759
Speaker 1: of life. Many Americans, more Americans than any time in

788
00:42:13,760 --> 00:42:14,840
Speaker 1: my lifetime, cannot.

789
00:42:14,600 --> 00:42:17,400
Speaker 2: Buy a home right now. Why can't normal people afford

790
00:42:17,440 --> 00:42:18,160
Speaker 2: a home anymore?

791
00:42:19,440 --> 00:42:22,640
Speaker 12: Yeah, well, the price is skyrocketed again thanks to the FED.

792
00:42:22,719 --> 00:42:25,440
Speaker 12: So the FED pumped out the easy money, home prices

793
00:42:25,480 --> 00:42:28,399
Speaker 12: went up. And then when the Fed tried to you know,

794
00:42:28,520 --> 00:42:30,960
Speaker 12: hide what it dumped on the living room carpet, it

795
00:42:31,080 --> 00:42:31,840
Speaker 12: jacked rates up.

796
00:42:31,880 --> 00:42:33,000
Speaker 2: So now mortgages go up.

797
00:42:33,280 --> 00:42:37,120
Speaker 12: If prices go up and mortgages go up, more like,

798
00:42:37,600 --> 00:42:38,680
Speaker 12: it becomes out.

799
00:42:38,600 --> 00:42:40,319
Speaker 2: Of reach for regular people to get a house.

800
00:42:40,320 --> 00:42:42,160
Speaker 12: So right now, if you want to qualify for the

801
00:42:42,239 --> 00:42:44,320
Speaker 12: median house, we're not talking to mansion.

802
00:42:44,360 --> 00:42:46,600
Speaker 2: The median house. You got to make one hundred.

803
00:42:46,400 --> 00:42:49,359
Speaker 12: Thousand year right, and your monthly payment on a new

804
00:42:49,400 --> 00:42:52,800
Speaker 12: mortgage is gonna be close to three thousand dollars. That's

805
00:42:52,960 --> 00:42:56,719
Speaker 12: like half of household income for the median family. So

806
00:42:56,840 --> 00:42:59,040
Speaker 12: how's it absolutely out of reach? And what we're seeing

807
00:42:59,080 --> 00:43:03,120
Speaker 12: now is young people, well they are completely giving up. Right,

808
00:43:03,440 --> 00:43:05,319
Speaker 12: people in their twenties. It used to be that's when

809
00:43:05,360 --> 00:43:07,319
Speaker 12: you're gonna build up for your house, you're gonna start

810
00:43:07,320 --> 00:43:09,719
Speaker 12: a family, you're gonna start building a future, your you know,

811
00:43:09,800 --> 00:43:10,760
Speaker 12: financial foundation.

812
00:43:11,200 --> 00:43:12,040
Speaker 2: No, they're giving up.

813
00:43:12,239 --> 00:43:14,719
Speaker 12: They go out, they take a cruise to the Bahamas.

814
00:43:15,000 --> 00:43:17,000
Speaker 12: They don't bother getting married. They're not gonna have kids.

815
00:43:17,040 --> 00:43:18,920
Speaker 12: Why because this is all out of reach. So for

816
00:43:18,960 --> 00:43:22,080
Speaker 12: the first time we got kids, they grew up in

817
00:43:22,160 --> 00:43:26,239
Speaker 12: a house that their parents owned, all right, and they

818
00:43:26,560 --> 00:43:27,920
Speaker 12: you know, they're like forty years.

819
00:43:27,760 --> 00:43:29,480
Speaker 2: Old eating ramen with the roommates.

820
00:43:29,520 --> 00:43:32,880
Speaker 12: Now, that is a lifestyle that is unimaginable to the

821
00:43:32,920 --> 00:43:33,600
Speaker 12: at this point.

822
00:43:34,280 --> 00:43:36,320
Speaker 2: And I think it's just going to keep getting worse.

823
00:43:36,480 --> 00:43:40,719
Speaker 12: You know, the the pressures between the house prices the

824
00:43:40,800 --> 00:43:41,200
Speaker 12: rates are.

825
00:43:41,160 --> 00:43:41,879
Speaker 2: Going to stay high.

826
00:43:41,880 --> 00:43:42,040
Speaker 11: Now.

827
00:43:42,040 --> 00:43:43,279
Speaker 2: We just had a FED meeting today.

828
00:43:43,280 --> 00:43:45,040
Speaker 12: They said they're going to keep it higher for longer,

829
00:43:45,320 --> 00:43:47,400
Speaker 12: So those mortgage rates are going to stay up. And

830
00:43:47,440 --> 00:43:49,279
Speaker 12: then you know, you got these other things jumping in,

831
00:43:49,400 --> 00:43:52,399
Speaker 12: like home insurance is so high. Now you got about

832
00:43:52,440 --> 00:43:56,120
Speaker 12: twenty million Americans who are actually going without insurance. All

833
00:43:56,200 --> 00:43:59,919
Speaker 12: these costs are slamming the door close to people buying

834
00:44:00,120 --> 00:44:01,839
Speaker 12: a house. That means are going to be renters forever.

835
00:44:01,880 --> 00:44:04,600
Speaker 12: If you're a renter forever, you are building nothing. You

836
00:44:04,640 --> 00:44:07,320
Speaker 12: are not building a retirement, You're not building the basis

837
00:44:07,320 --> 00:44:11,920
Speaker 12: for a family. Oh I can I just see my

838
00:44:12,040 --> 00:44:14,680
Speaker 12: father's stressing and the thought of renting for life. He

839
00:44:14,680 --> 00:44:16,600
Speaker 12: would just scream at me, Peter, you are the best.

840
00:44:16,600 --> 00:44:20,960
Speaker 1: Thank you, sir. I appreciate it. I was a lot,

841
00:44:21,000 --> 00:44:23,040
Speaker 1: but man, Peter's the best. All right, we have light

842
00:44:23,040 --> 00:44:23,439
Speaker 1: in the mood.

843
00:44:23,680 --> 00:44:24,000
Speaker 2: Next.

844
00:44:32,640 --> 00:44:35,359
Speaker 1: You know, I used to work construction. I grew up

845
00:44:35,480 --> 00:44:39,160
Speaker 1: in a construction family. My dad deconstruction, his dad before

846
00:44:39,200 --> 00:44:42,520
Speaker 1: him deconstruction. I remember when I was a kid, my dad,

847
00:44:42,680 --> 00:44:44,400
Speaker 1: when he was feeling nice, he'd let me get up

848
00:44:44,400 --> 00:44:46,680
Speaker 1: on the baccos and the excavators and I'd get to work.

849
00:44:46,719 --> 00:44:49,080
Speaker 2: The machines. Is the greatest thing in the world. And

850
00:44:49,320 --> 00:44:52,080
Speaker 2: construction's good work. It's honest. Work pays well too.

851
00:44:52,760 --> 00:44:56,600
Speaker 1: And the only thing is I never had anybody cheering

852
00:44:56,640 --> 00:45:22,160
Speaker 1: me off. Yeah help me, Hey, it make the day

853
00:45:22,239 --> 00:45:24,920
Speaker 1: go buy better all right, I see it all