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Speaker 1: What a cost you see to the constitutional order of

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Speaker 1: a shutdown that isn't already being done.

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Speaker 2: Now, it's a dramatic cost.

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Speaker 3: Here's why Chris under a shutdown, it is the executive

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Speaker 3: branch in this case, Trump Musk goes and vote. Who's

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Speaker 3: head of the omb, who we all know are authoritarians, vicious, nasty,

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Speaker 3: who would have sole control over what is funded and

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Speaker 3: what isn't. They get to determine what is a quote

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Speaker 3: essential service and they will just cut to smithereens far

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Speaker 3: greater than in the cr bill, which is a lousy bill,

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Speaker 3: far greater than that what could be funded and what couldn't.

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Speaker 2: And there's no recourse. You can't go to court.

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Speaker 3: This is a decision totally in the executive branch, and

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Speaker 3: so it'd be devastating. Why is it that Elon Musk

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Speaker 3: and Donald Trump want a government shutdown so they can

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Speaker 3: take control of the government and do their vicious, horrible things.

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Speaker 2: They could cut half the government.

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Speaker 3: They could take employees you're not essential and never bring

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Speaker 3: them back permanently, firing them.

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Speaker 2: It's a disaster.

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Speaker 3: And in a few weeks if there was a shutdown,

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Speaker 3: everyone would be complaining. And howe why did they cut

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Speaker 3: why did they eliminate snap? Why did they cut so

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Speaker 3: much of medicaid? But they could do all that on

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Speaker 3: their own. That's the problems. There is no check on

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Speaker 3: them with a shutdown. That's not to say this cur

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Speaker 3: bill is a good bill.

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Speaker 2: It isn't.

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Speaker 3: It didn't have any safeguards in it. But it would

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Speaker 3: be much much worse to have a shutdown. And my job,

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Speaker 3: Chris's leader, is to see things a little bit ahead

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Speaker 3: down the road and see how horrible this would be

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Speaker 3: an alert people to us.

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Speaker 1: So I want to sort of present our two arguments

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Speaker 1: on the other side. One of them is that I

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Speaker 1: was I was it was quite and I hear you

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Speaker 1: on this. I think it doesn't.

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Speaker 2: This is not an easy call. I want to be clear.

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Speaker 4: I mean, I don't think it is.

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Speaker 1: But you know, the the AFTER Union, which is the

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Speaker 1: largest union representing federal workers, they're in they want a

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Speaker 1: big victory today in federal court about those probationary employee

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Speaker 1: ass fire.

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Speaker 5: Would you what do you think of the John de

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Speaker 5: Chuck Shammer is doing. Would you ever challenge him?

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Speaker 6: Do you think I think that what we need right

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Speaker 6: now is a United Senate Democratic caucus that can stand

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Speaker 6: up for this country and not vote for the cloture

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Speaker 6: and not vote for this bill. And I think that

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Speaker 6: the strength that we have is in this moment reconciliation.

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Speaker 6: And all of these Republicans do not need Democratic votes

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Speaker 6: for that, they need it for this. And so the

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Speaker 6: strength of our leadership in this moment is going to

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Speaker 6: demonstrate the strength of our caucus. And I cannot urge

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Speaker 6: enough how bad of an idea it is to empower

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Speaker 6: and enable Donald Trump and Elon Muskin this moment.

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Speaker 7: It is dangerous and it is reckless.

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Speaker 8: Well, I think it gets their attention.

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Speaker 1: The only thing that gets them to back down is

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Speaker 1: meeting conflict with conflict. If you meet conflict with essentially

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Speaker 1: managed retreat or strategical non engagement, then they roll overrior.

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Speaker 3: We are going to conflict with them on everything. On

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Speaker 3: the tax cuts for the billionaires, they become a plutocracy,

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Speaker 3: in oligarchy.

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Speaker 2: On Medicaid, we.

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Speaker 3: Have plans to conflict them with all of that. If

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Speaker 3: the shutdown occurred, we wouldn't be able to do that

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Speaker 3: because they would fill up both the Senate and the

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Speaker 3: discussion on whether we should cut this and not cut that.

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Speaker 2: Of things that they want to cut.

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Speaker 3: So to have the conflict on the best ground we

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Speaker 3: have summed up in a sentence that they're making the

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Speaker 3: middle class pay for tax cuts for billionaires.

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Speaker 2: It's much much.

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Speaker 3: Better not to be in the middle of a shutdown,

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Speaker 3: which to divert people from the number one issue we

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Speaker 3: have against these bastards, sorry, these people, which is not

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Speaker 3: only all these cuts, but they're ruining democracy and one

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Speaker 3: other thing.

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Speaker 2: On a shutdown. On a shutdown, the.

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Speaker 3: Courts could close or at least be totally totally disabled,

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Speaker 3: and the courts are one of the best ways we've

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Speaker 3: had to go after these guys.

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Speaker 5: Colleagues, House Republicans are already using the term Schumer shutdown,

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Speaker 5: which has that nice a literative style. Are you not

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Speaker 5: worried at all about Democrats taking the heat for the shutdown?

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Speaker 6: We know and the American people are not going to

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Speaker 6: have the wool pulled over their eyes. Everybody knows that

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Speaker 6: Donald Trump is president, that Republicans have the Senate and Republicans.

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Speaker 2: Have the House.

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Speaker 6: They have the keys to the entire United States government,

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Speaker 6: and if Republicans wanted to avert a shutdown, they can,

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Speaker 6: they can, they can if they need democratic votes, then

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Speaker 6: they can negotiate with Democrats to get those votes. It

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Speaker 6: is simple the op They have two options to pass

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Speaker 6: it with their votes or to pass it with democratic votes.

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Speaker 6: And we also see the data bearing this out when

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Speaker 6: you look at public polling from very reputable firms. We

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Speaker 6: see that the American people understand that and they know

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Speaker 6: that that the party in charge of government is the

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Speaker 6: party that's in charge of keeping government open.

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Speaker 9: This is the primal screen of a dying regime.

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Speaker 10: Pray for our enemies because we're going to medieval onless people.

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Speaker 4: There's not got a free shot.

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Speaker 10: All these net what's lying about the people?

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Speaker 9: The people have had a belly full of it. I

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Speaker 9: know you don't like hearing that.

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Speaker 10: I know you try to do everything.

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Speaker 4: In the world to stop that, but you're not going

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Speaker 4: to stop it.

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Speaker 9: It's going to happen.

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

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Speaker 5: big line?

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Speaker 7: Mega media?

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Speaker 5: I wish in my soul, I wish that any of

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Speaker 5: these people had a conscience.

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Speaker 10: Ask yourself, what is my task and what is my purpose.

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Speaker 4: If that answer is to save my country, this country

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Speaker 4: will be saved.

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Speaker 8: War Room, use your host.

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Speaker 7: Stephen came back.

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Speaker 10: Friday, fourteenth March year of Our Lord, twenty twenty five.

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Speaker 10: It's going to be another crazy Friday. President will be

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Speaker 10: sending the executive orders at about one o'clock at the

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Speaker 10: White House. At round one o'clock someday in this afternoon,

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Speaker 10: the official surrender of the Democratic Party will take place

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Speaker 10: in the Senate as a vote to continue on President

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Speaker 10: Trump's government without a fight. And then President Trump Donald

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Speaker 10: John Trump, the forty seventh President United States, by the way,

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Speaker 10: who is chief executive officer of the United States Government.

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Speaker 10: He's Commander in chief of the Uniform Military Services, and

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Speaker 10: he's also Chief Magistrate and Chief Law Enforcement Officer. In

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Speaker 10: that third role of Chief Magistrate and Chief Law Enforcement Officer.

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Speaker 10: He will head to the Justice Department today for a

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Speaker 10: for remarks, maybe a little Q and a as Pam Bonnie,

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Speaker 10: I think Cash will Tell will be there. We got

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Speaker 10: so much going on, and so the Democratic Party is

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Speaker 10: in a total meltdown. They've been trying to go on

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Speaker 10: offense by going into these red districts to get this

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Speaker 10: big plan of how to do it. Also, they're engaging.

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Speaker 10: They're engaging right wingers in media more than ever. The

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Speaker 10: people that lost so badly for them and meltdown about that.

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Speaker 10: And just in the middle of this, and they're getting

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Speaker 10: really I think, pretty significant legal victories at least with

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Speaker 10: these radical lower court justices. But in the middle of

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Speaker 10: this Schumer excuse, Schumer is surrendering today and that has

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Speaker 10: caused a complete and total meltdown the House to a

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Speaker 10: press except for Jerry Golden up in Maine two, which

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Speaker 10: is really a Republican district in Maine two voted to

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Speaker 10: voted to shut the government down, and Schumer, I think

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Speaker 10: is constructed to get eight Democratic votes. I would say

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Speaker 10: Fetterman plus seven or himself, he and Fetterman plus five

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Speaker 10: or plus six to get to the eight a full surrender,

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Speaker 10: and that's really put a chop block of any momentum

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Speaker 10: the Democrats that thought they had. So we're going to

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Speaker 10: get into all of this. The geopolitic ticks up at

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Speaker 10: the capital markets. The economy economic part of it golds

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Speaker 10: over three thousand this morning. Stock market up a little

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Speaker 10: bit at the open. Let's go ahead and play. We've

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Speaker 10: got Besson's comments with Boyle, We've got some swatting victims.

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Speaker 10: One of the things they're doing. They're getting much nastier

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Speaker 10: on threats. Everyone I know is getting threats, death threats,

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Speaker 10: of the threats, swatting, they're trying to suicide by cop.

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Speaker 10: We're going to get to all of that. But I

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Speaker 10: got the great Mike Davis. I haven't opened for Mike

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Speaker 10: Davis because right now, of all the fights you see

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Speaker 10: on the legislative side, they're surrendering. They ain't surrendering in

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Speaker 10: the courts, and they're getting some traction because of radical justices.

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Speaker 10: These frontline federal judges are also playing the role of

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Speaker 10: the prosecuting the case against the government against President Trump.

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Speaker 9: Let's ahead and play bringing Mike Davis all right.

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Speaker 11: Update, As we reported at the top of the show,

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Speaker 11: federal judge in California today issued a blistering ruling from

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Speaker 11: the bench in which he ordered the Trump administration to

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Speaker 11: rehire thousands of people they had fired from the federal

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Speaker 11: government USDA, Department, Energy Department, Department of the Interior, the Treasury,

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Speaker 11: and the VA.

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Speaker 8: Well, I got two updates.

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Speaker 11: For you because tonight, just as we are coming on

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Speaker 11: the air, the plaintiffs in that case, the California federal case,

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Speaker 11: the plaintiffs are the union representing government workers. Plaintiffs went

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Speaker 11: back to that same judge in California and essentially said,

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Speaker 11: thank you for this ruling today, your honor, can you

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Speaker 11: please make it so it applies to even more agencies.

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Speaker 11: They have now formally asked the judge to expand that

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Speaker 11: order today to also order the reinstatement of fired employees

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Speaker 11: at the Commerce Department, Education Department, Health and Human Services,

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Speaker 11: Homeland Security, Housing and Urban Development, the Justice Department, Department

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Speaker 11: of Transportation, the EPA, NASA, the National Science Foundation, and

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Speaker 11: the Small Business Administration. Update one, here's update two. Just

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Speaker 11: minutes after those plaintiffs asked the California federal judge to

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Speaker 11: expand his ruling and order even more agencies to rehire

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Speaker 11: even more people, a second federal judge across the in

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Speaker 11: Maryland issued a ruling and an entirely separate case, ordering

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Speaker 11: the federal government also to rehire thousands of fired federal employees.

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Speaker 11: This federal judge in Maryland tonight has just ordered that

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Speaker 11: thousands of fired probationary employees must now be reinstated at

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Speaker 11: ready for the list Department of Agriculture, Department of Commerce,

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Speaker 11: Department of Defense, Department of Education, Department of Energy, Health

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Speaker 11: and Human Services, Homeland Security, Housing and Urban Development, Department

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Speaker 11: of the Interior, Department of Labor, Department of Transportation, the

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Speaker 11: Treasury Department, va USAID, the Consumer Financial Protection Bureau, the EPA,

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Speaker 11: the FDIC, the General Services Administration, the Office of Personnel Management,

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Speaker 11: the Small Business Administration, and the National Archives and Records Administration.

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Speaker 11: All of them reinstate all of your fired probationary employees.

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Speaker 10: And if it seems like there's.

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Speaker 11: Overlap between the list in those two cases are correct.

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Speaker 11: As of tonight, just in today's news, we've got overlapping

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Speaker 11: federal rulings ordering the immediate reinstatement of thousands of employees

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Speaker 11: at multiple federal agencies. I'll tell you, the Maryland judge

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Speaker 11: writes in this new order, that's just out tonight quote.

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Speaker 11: The law is clear that when dismissing an employee due

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Speaker 11: to unsatisfactory performance, the employer must honestly be dissatisfied with

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Speaker 11: the probationer's conduct or performance after giving him a fair

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Speaker 11: trial on the job. Again, two federal judges tonight with

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Speaker 11: equally sweeping rulings, both in the same direction, both telling Trump,

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Speaker 11: when you fired those people, you had no right give

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Speaker 11: them back their jobs.

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Speaker 10: Okay, Mike Davis joins, Mike, it's more than just. If

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Speaker 10: you think of the the obligations and duties of an executive,

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Speaker 10: one is the hiring and firing people, downsizing or in increasing,

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Speaker 10: also about where money goes at these first level across

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Speaker 10: the nation, like in San Francisco or in Maryland. They're

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Speaker 10: also issuing injunctions for the entire country. And it's on

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Speaker 10: everything President Trump's doing. It's just not personnel, which they're

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Speaker 10: really ramping up, but it is also restricting payments, I mean,

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Speaker 10: essentially doing an executive does. Can you give us a

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Speaker 10: tour the horizon of where we stand now? Because last

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Speaker 10: night on the shows, they didn't want to talk about

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Speaker 10: Chuck Schumer. Chuck Schumer was the third or fourth story

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Speaker 10: they got to. The first story all night long was

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Speaker 10: their wins in federal court.

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Speaker 12: Sir, again, the American people gave President Trump a broad

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Speaker 12: electoral mandate to cut waste, fraud, and abuse, to make

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Speaker 12: our governments work for us instead of us working for

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Speaker 12: our government. And President Trump is doing that. That's the

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Speaker 12: unthinkable in Washington. He's actually doing what he promised American

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Speaker 12: voters he would do.

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Speaker 8: That includes getting rid of.

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Speaker 12: These federal employees who do not provide value, These probationary

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Speaker 12: employees who the Biten administration fire hired over the last

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Speaker 12: year or two. The Trump administration made a determination on

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Speaker 12: an individualized basis through these agency heads that these probationary

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Speaker 12: employees are no longer useful. So they got a pink

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Speaker 12: slip and got sent packing as they should.

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Speaker 8: Have all these Biden hires, right.

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Speaker 12: And what they're doing is they have these plaintiffs, these unions,

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Speaker 12: and these left wing activists running to these left wing

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Speaker 12: activist judges, and they're getting illegal, unconstitutional.

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Speaker 8: Orders from these activist judges.

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Speaker 12: These activist judges are trying to tell the President of

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Speaker 12: the United States that he does not have power under

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Speaker 12: Article two of the Constitution, the executive power. The power

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Speaker 12: is the chief of the Chief executive officer, as the

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Speaker 12: commander in chief, to hire and fire employees in voting

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Speaker 12: overseas foreign service officers, including telling the president what you

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Speaker 12: can do for military readiness and morale. This is unacceptable

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Speaker 12: what these activist judges are doing. If these fired employees

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Speaker 12: want to get redress, they go to the merit system's

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Speaker 12: protection board and they can get monetary damages.

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Speaker 8: But for an activist judge. Two activist judges now saying that.

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Speaker 12: The President of the United States has to rehire fired

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Speaker 12: executive branch workers against his will violates Article two of

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Speaker 12: the Constitution. It violates federal statute. These judges don't have

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Speaker 12: the power.

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Speaker 2: To do this.

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Speaker 10: Mike, hang on from one second, holding to the break

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Speaker 10: the Mike Davis, the Viceroy joins us live to engage

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Speaker 10: in the judicial insurrection against President Trump in America.

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Speaker 7: Use who Stephen came?

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Speaker 9: Welcome back?

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Speaker 10: If you notice in that first in the cold open,

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Speaker 10: Mike Davis, the principal reason that Schumer gave for keeping

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Speaker 10: the government open, for his basic surrender today is because

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Speaker 10: he feared we would shut down the courts.

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Speaker 9: And he says, this.

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Speaker 10: Is the way we're winning. Right now, you give your

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Speaker 10: overall assessment, because this is where and all their other failures,

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Speaker 10: this is the one place they've got in traction, sir.

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Speaker 12: It's you how illegal and unconstitutional this strategy is. The

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Speaker 12: American people elected President Trump. They gave him a comfortable

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Speaker 12: majority in the United States Senate, and they gave him

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Speaker 12: another Republican House. The American people gave President Trump a

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Speaker 12: broad electoral mandate and these Democrats know they're not going

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Speaker 12: to win in the House. So long as the House

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Speaker 12: sticks together, they're not going to win in the Senate,

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Speaker 12: and so they have to run to their activist judges

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Speaker 12: in the courts.

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Speaker 8: They're judicial saboteurs.

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Speaker 12: And remember this, a federal judges job is a modest

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Speaker 12: but crucial job. They decide cases and controversies before them,

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Speaker 12: with parties before them, with redressable claims. The courts find facts,

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Speaker 12: then they apply the law to those facts. Then they

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Speaker 12: order a remedy permitted by the law, and that's it.

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Speaker 12: Judges wear robes, they don't wear capes. They don't set

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Speaker 12: national policy. They don't certainly don't set foreign policy. They're

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Speaker 12: not the HR departments for another branch. They can't tell

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Speaker 12: the presidents but who he can hire and fire.

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Speaker 10: Okay, but here's what I don't Here's what I'm I'm

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Speaker 10: confused about. Confused the president chief executive, why are we

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Speaker 10: doing these backflips so that the probationary guys didn't live

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Speaker 10: up to the probation didn't get into the argument individual

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Speaker 10: doesn't the chief executive have the ability to say, Hey,

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Speaker 10: we're going to downsize this company, a country government, and

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Speaker 10: you know X amount of people we're going to start

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Speaker 10: with the probationary because they don't even officially have jobs yet.

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Speaker 10: And if there's eighty thousand probationary period of people, I

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Speaker 10: thought that I heard they might be up to one

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Speaker 10: hundred and fifty thousand. That guys were just not since

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Speaker 10: we're going to be cutting other people later in a

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Speaker 10: series of riffs that the ones that don't have long

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Speaker 10: term jobs, haven't even qualified, that are still in probation.

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Speaker 10: No matter how you're doing, you could be a superstar.

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Speaker 10: We're just downsizing and downsizing. You know, we're not going

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Speaker 10: through and making evaluations here, Correct me if I'm wrong.

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Speaker 10: We're getting into a debate in the court in San

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Speaker 10: Francisco about who performed who didn't perform. I mean that's

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Speaker 10: why the judge went crazy yesterday because our response looked

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Speaker 10: a little you know, slapped together. Have done the chief

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Speaker 10: executive he just had the right to say, hey, just

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Speaker 10: like he has the right to say what you're going

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Speaker 10: to argue on the impowments. Guess what, I'm not going

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Speaker 10: to spend the money right that was the appropriations is

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Speaker 10: a ceiling and you know I'm going to reprogram this

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Speaker 10: or I'm going to I don't think it's you know,

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Speaker 10: we need to save money. Doge has identified this as

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Speaker 10: waste for an abuse. Yes, we put out a cr

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Speaker 10: that Schumer agreed to, but we're not going to finance

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Speaker 10: waste for an abuse.

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Speaker 9: So I'm cutting that.

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Speaker 10: And by the way, I'm gonna start with one hundred

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Speaker 10: and fifty thousand probation ampairs. Why are we falling into

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Speaker 10: a trap of trying to say these people are good,

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Speaker 10: these people are not good. This guy would would come

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Speaker 10: to the office. This guy wouldn't come to the office, sir.

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Speaker 8: Yeah.

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Speaker 12: Congress certainly has the power to set up officers of

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Speaker 12: the United States by statute. Congress certainly has the power

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Speaker 12: of the purse. But the executive power under Article two

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Speaker 12: of the Constitution belongs to the press and the President alone.

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Speaker 12: He's the chief executive officer. He's the commander in chief.

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Speaker 12: He can hire people, he can fire people. And if

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Speaker 12: you have statutes or regulations or court rulings that say

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Speaker 12: that the presidents cannot fire executive branch workers or he

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Speaker 12: has to rehire them against his will, those statutes, those regulations,

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Speaker 12: those lower court rulings are unconstitutional. Under Article two of

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Speaker 12: the Constitution periods full stop.

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Speaker 9: Correct me if I'm wrong. Look, this is your line

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Speaker 9: of country.

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Speaker 10: It's one of the reasons the war and posse revers

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Speaker 10: the Vice roaring White, President Trump and others in the

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Speaker 10: administration and listen to your advice. It seems to me

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Speaker 10: given some of these kind of arguments, both on the

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Speaker 10: money and the personnel, and this is the way we

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Speaker 10: deconstruct the administrative state. And seeing the ferocity of these

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Speaker 10: radical neo Marxist judges across from DC to Maryland of

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Speaker 10: San francois I mean across the country in these in

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Speaker 10: these radical jurisdictions. That and knowing the Supreme Court as

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Speaker 10: at least I know him as a civilian, I don't

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Speaker 10: see this getting rectified or sorted immediately. In other words,

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Speaker 10: I don't see this running up the chain of command.

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Speaker 10: And next week we have some clarity. I think we're

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Speaker 10: in a fight now. Am I wrong in that? Or

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Speaker 10: are you and the legal geniuses saying no, this is

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Speaker 10: a strategy and we've got a path to get up

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Speaker 10: there and take essentially take these shackles off the office

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Speaker 10: of the President and doing essentially a restructuring of the

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Speaker 10: American government, Sir.

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Speaker 12: I would advise and I have advised the President's legal

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Speaker 12: team to continue to charge forward because, uh, the presidency

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Speaker 12: is at stake, Our country is at stake. Right if

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Speaker 12: President Trump would have lost this election, everyone knows we

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Speaker 12: would have lost our country. These Democrats are not liberals

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Speaker 12: who love America. Today's Democrats to many of them are

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Speaker 12: Marxists who are trying to destroy America. And they have

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Speaker 12: their judicial saboteurs on the bench, these new Biden and

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Speaker 12: Obama judges who are radical leftists, like Judge Ali in DC,

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Speaker 12: who is still a Canadian citizen who's ordering the president

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Speaker 12: to send two billion dollars in foreign aid to who

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Speaker 12: knows where Hamas Terris maybe waste, Fronden abuse certainly, and

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Speaker 12: you have a judge who thinks he can do this,

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Speaker 12: And I would say this, these activist judges are destroying

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Speaker 12: the legitimacy, their own legitimacy by sabotaging the presidency. They

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Speaker 12: are playing a very destructive game, the most destructive game imaginable.

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Speaker 12: And the Chief Justice needs to understand this. He needs

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Speaker 12: to step up, He needs to stop this, because when

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Speaker 12: the judiciary loses its legitimacy, the judiciary loses everything.

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Speaker 8: Look, look what.

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Speaker 12: At Andrew Jackson did. You cannot enforce your own orders.

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Speaker 12: You need to rely on your legitimacy to get the executive.

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Speaker 8: Branch in Congress to go along with your orders.

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Speaker 12: Are you going to send your law clerks and secretaries

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Speaker 12: to enforce your orders? They need to get the fact

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Speaker 12: that these activist judges rained in.

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Speaker 8: These are activist radical judges.

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Speaker 12: They are acting illegally, they are acting unconstitutionally, and there

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Speaker 12: is going to be a severe political revolt against the

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Speaker 12: judiciary they if the Chief Justice does not get these

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Speaker 12: activist judges in line and in line fast.

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Speaker 10: Mike Davis, thank you very much. I think we're trying

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Speaker 10: to get through your good offices. We're trying to get

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Speaker 10: John you on today. I appreciate your help on that. Also,

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Speaker 10: give a shout out, was it, Gail Slater? Many of

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Speaker 10: the neo Brandeisians are now getting in place, and so

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Speaker 10: the really the anti trust and the take on big

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Speaker 10: tech that you have pioneered for many many years.

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Speaker 9: Are coming in. You want to give a shout out.

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Speaker 8: Yeah, absolutely.

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Speaker 12: I know the Viceroy is highly partisan, but one area

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Speaker 12: where Steve Bannon and the Viceroy are not partisan.

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Speaker 8: Is on anti trust.

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Speaker 12: We are working with people like Andrew Ferguson, the FTC chair,

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Speaker 12: Lena Kahn, a Democrat appointee at the FTC. Gail Slater

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Speaker 12: is our friend Bannon's neighbor, who is the new anti

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Speaker 12: trust chief at the Justice Department. She's one of my

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Speaker 12: best friends in Washington. Mark Metter is going through the

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Speaker 12: process now. President Trump has assembled the Anti trust Dream Team.

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Speaker 12: There is a bipartisan anti trust renaissance to hold these

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Speaker 12: big tech monopolists and other monopolist accountable. And so we

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Speaker 12: have free and fair markets and we that is good

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Speaker 12: for That is good for small businesses, that is good

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Speaker 12: for consumers.

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Speaker 8: So congrats to our good friend Gail Slater.

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Speaker 10: She just started, Yeah, Mike, Article three, Where do people go?

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Speaker 12: Article three? Project dot org? Article number three, Project dot org.

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Speaker 12: You can donate there. You could follow us on social media.

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Speaker 12: The most important thing the POSSE does is take action, action, action, action.

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Speaker 10: Thank you, Steve, thank you, thank you brother speaking action.

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Speaker 10: We're going to go to the White House to the sticks.

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Speaker 13: Caroline Lovett live with us, who said that only because

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Speaker 13: of President Trump are we here on the verge of

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Speaker 13: brokering a piece deal.

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Speaker 10: Did the President talked to President Trump last night and

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Speaker 10: the president President Trump talked to President sorry, President Trump

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Speaker 10: last night.

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Speaker 13: He did not know Steve Woodkoff spoke to him yesterday

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Speaker 13: in Moscow, as you know.

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Speaker 6: Has a president.

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Speaker 8: Spoken with the new the incoming Canadian prime minister at

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Speaker 8: all this week?

441
00:25:03,240 --> 00:25:05,640
Speaker 4: I overally this because they had it yet spoken.

442
00:25:05,280 --> 00:25:07,159
Speaker 8: For given everything that's going on. Yeah, it's really the

443
00:25:07,240 --> 00:25:08,000
Speaker 8: United States and Canada.

444
00:25:08,040 --> 00:25:10,080
Speaker 13: Have they spoken to my knowledge, they have not spoken.

445
00:25:10,119 --> 00:25:11,960
Speaker 13: When they do, we can provide a readout of that call.

446
00:25:12,280 --> 00:25:13,000
Speaker 14: The New York.

447
00:25:12,960 --> 00:25:15,359
Speaker 3: Governor meeting a hopefully smitty with cousin.

448
00:25:15,800 --> 00:25:18,720
Speaker 13: Yeah, I believe it's still ongoing or it wrapped when

449
00:25:18,720 --> 00:25:21,399
Speaker 13: I came out here. But you know, the governor was

450
00:25:21,440 --> 00:25:23,520
Speaker 13: here to talk about the pipeline that President Trump is

451
00:25:23,640 --> 00:25:27,879
Speaker 13: very determined to get past in the New England and

452
00:25:28,119 --> 00:25:31,600
Speaker 13: New York area. And so you know, that's as far

453
00:25:31,600 --> 00:25:33,399
Speaker 13: as I know about the conversation, but I can get

454
00:25:33,440 --> 00:25:34,040
Speaker 13: an update on it.

455
00:25:35,440 --> 00:25:38,800
Speaker 15: Rulings about all the fire probationionary workers use the same language.

456
00:25:38,800 --> 00:25:40,399
Speaker 7: You're just kind of was in a statement about fighting

457
00:25:40,440 --> 00:25:43,040
Speaker 7: back against everyone. Do you mean appealing or something else?

458
00:25:43,080 --> 00:25:46,480
Speaker 5: And does the administration plan to comply with those orders.

459
00:25:46,160 --> 00:25:49,879
Speaker 13: In the meantime, fighting back by appealing, fighting back by

460
00:25:49,960 --> 00:25:52,840
Speaker 13: using the full weight of the White House Counsel's Office

461
00:25:52,920 --> 00:25:55,439
Speaker 13: and our lawyers at the federal government, who believe that

462
00:25:55,480 --> 00:25:59,399
Speaker 13: this injunction is entirely unconstitutional, and it is for anybody

463
00:25:59,440 --> 00:26:01,880
Speaker 13: who has a base understanding of the law. You cannot

464
00:26:01,920 --> 00:26:05,840
Speaker 13: have a low level district court judge filing an injunction

465
00:26:06,160 --> 00:26:08,680
Speaker 13: to usurp the executive authority of the President of the

466
00:26:08,760 --> 00:26:12,520
Speaker 13: United States. That is completely absurd. And as the executive

467
00:26:12,560 --> 00:26:15,560
Speaker 13: of the executive branch, the president has the ability to

468
00:26:15,720 --> 00:26:19,360
Speaker 13: fire or hire, and you have these lower level judges

469
00:26:19,400 --> 00:26:23,359
Speaker 13: who are trying to block this president's agenda. It's very clear,

470
00:26:23,400 --> 00:26:25,840
Speaker 13: and as I just cited, I was appalled by the

471
00:26:25,880 --> 00:26:29,280
Speaker 13: statistic when I saw it this morning. In three or

472
00:26:29,640 --> 00:26:33,600
Speaker 13: in one month in February, there have been fifteen injunctions

473
00:26:33,640 --> 00:26:36,840
Speaker 13: of this administration in our agenda. In three years under

474
00:26:36,840 --> 00:26:41,040
Speaker 13: the Biden administration, there were fourteen injunctions. So it's very

475
00:26:41,040 --> 00:26:44,440
Speaker 13: clear that there are judicial activists throughout our judicial branch

476
00:26:44,480 --> 00:26:47,399
Speaker 13: who are trying to block this president's executive authority. We

477
00:26:47,440 --> 00:26:50,040
Speaker 13: are going to fight back, and as anyone who saw

478
00:26:50,119 --> 00:26:53,000
Speaker 13: President Trump in his legal team fighting back, they know

479
00:26:53,080 --> 00:26:55,359
Speaker 13: how to do it. He was indicted nearly two hundred

480
00:26:55,400 --> 00:26:58,040
Speaker 13: times and he's in the Oval office now because all

481
00:26:58,080 --> 00:27:00,840
Speaker 13: of the indictments, all of these in junction have always

482
00:27:00,840 --> 00:27:03,560
Speaker 13: been on constitutional and unfair. They are led by partisan

483
00:27:03,600 --> 00:27:06,760
Speaker 13: activists who are trying to usurp the will of this president,

484
00:27:06,800 --> 00:27:11,159
Speaker 13: and we're not going to stand for it. Thanks, you

485
00:27:11,200 --> 00:27:11,840
Speaker 13: might want to hear that.

486
00:27:12,160 --> 00:27:21,440
Speaker 10: Correcting terrigory. Okay, gosh, I hate, I hate to say

487
00:27:21,520 --> 00:27:24,040
Speaker 10: that we're totally in sync with the White House.

488
00:27:23,880 --> 00:27:25,040
Speaker 9: Of what the news of the day are. But you

489
00:27:25,080 --> 00:27:26,720
Speaker 9: heard Caroline love It. Look, this is big.

490
00:27:27,600 --> 00:27:31,280
Speaker 10: Chuck Schumer is going to essentially uh accede to and

491
00:27:31,400 --> 00:27:34,359
Speaker 10: sign a surrendered document today in the early afternoon. The

492
00:27:34,400 --> 00:27:38,280
Speaker 10: Democratic Party is completely and totally in meltdown over this

493
00:27:40,000 --> 00:27:43,919
Speaker 10: the where they are getting some traction and I just

494
00:27:43,960 --> 00:27:46,840
Speaker 10: want people now to to My current thinking is the

495
00:27:46,880 --> 00:27:52,080
Speaker 10: following is that this is going to grind through.

496
00:27:52,440 --> 00:27:53,920
Speaker 9: This is going to take a while. You're going to

497
00:27:54,000 --> 00:27:57,040
Speaker 9: see this fight go on and knowing.

498
00:27:56,920 --> 00:28:00,239
Speaker 10: The because as Mike Davis, it's also it's the all,

499
00:28:00,280 --> 00:28:02,520
Speaker 10: but it's also politics when It is the higher up

500
00:28:02,520 --> 00:28:05,840
Speaker 10: you go, the more the intense politics and now the

501
00:28:05,920 --> 00:28:08,800
Speaker 10: radical nature of the judiciary. This is why the confirmation

502
00:28:08,880 --> 00:28:10,800
Speaker 10: of these judges is so important. This is why I

503
00:28:10,840 --> 00:28:13,359
Speaker 10: remember on the night of the election, when we were

504
00:28:13,359 --> 00:28:15,760
Speaker 10: sitting there starting to celebrate, we did say, hey, folks,

505
00:28:16,000 --> 00:28:17,119
Speaker 10: we got to go to work.

506
00:28:17,760 --> 00:28:18,440
Speaker 9: The next day.

507
00:28:18,560 --> 00:28:22,400
Speaker 10: After November fifth, why Elizabeth Warren put the clarion call

508
00:28:22,480 --> 00:28:24,959
Speaker 10: out to Schumer and said, you hadn't done a good

509
00:28:25,040 --> 00:28:27,159
Speaker 10: enough job. We just lost the Senate. We have what

510
00:28:27,320 --> 00:28:32,160
Speaker 10: eight weeks before Trump's people are here, or actually less

511
00:28:32,160 --> 00:28:34,520
Speaker 10: than that to the new Senate, I think January third.

512
00:28:34,800 --> 00:28:37,399
Speaker 10: And she said, we have to go approve all those judges.

513
00:28:37,440 --> 00:28:39,080
Speaker 10: And look at the judges they jammed through at the

514
00:28:39,160 --> 00:28:42,000
Speaker 10: last second. And what do you get. You get to

515
00:28:42,120 --> 00:28:46,320
Speaker 10: check ins, you get to barrow Borough House, you get

516
00:28:46,360 --> 00:28:48,800
Speaker 10: to judge out in San Francisco eighty years old. I

517
00:28:48,800 --> 00:28:50,680
Speaker 10: think he's been there fifty years? Did you say the

518
00:28:50,680 --> 00:28:56,080
Speaker 10: other day forty some years? This fight in the courts

519
00:28:57,040 --> 00:28:59,440
Speaker 10: is and you can see the radical nature. You can

520
00:28:59,480 --> 00:29:04,840
Speaker 10: also say, see the vitriol against President Trump in his administration.

521
00:29:05,480 --> 00:29:07,520
Speaker 10: I mean they're coming in, they're just they couldn't be

522
00:29:07,560 --> 00:29:10,400
Speaker 10: more vicious. So that's where we had Mike. We're gonna

523
00:29:10,440 --> 00:29:12,920
Speaker 10: have John U, the Great. John U is going to

524
00:29:13,040 --> 00:29:16,440
Speaker 10: join us hopefully about eleven o'clock. John U is one

525
00:29:16,520 --> 00:29:20,760
Speaker 10: of the great legal thinkers on our side of the football.

526
00:29:20,760 --> 00:29:24,080
Speaker 10: He's doing some incredible pieces at Fox and you're also

527
00:29:24,120 --> 00:29:28,240
Speaker 10: at a piece at Civitas that laid this entire construct out,

528
00:29:28,800 --> 00:29:31,320
Speaker 10: and we want to get him because ideas have consequence. Also,

529
00:29:31,400 --> 00:29:34,200
Speaker 10: Julie Kelly's going to join us tonight on what's happening

530
00:29:34,240 --> 00:29:37,240
Speaker 10: today in the courts. I will tell you on the

531
00:29:37,240 --> 00:29:41,640
Speaker 10: two basic things, and this is both doja's waste for

532
00:29:41,640 --> 00:29:43,560
Speaker 10: aud and abuse, but it's also going to get into

533
00:29:43,560 --> 00:29:46,880
Speaker 10: this whole programmatic cuts. It's going to get into impowerment,

534
00:29:46,880 --> 00:29:48,640
Speaker 10: it's going to get into recisions. He's going to get

535
00:29:48,640 --> 00:29:50,600
Speaker 10: into when we've got to cut to the We have

536
00:29:50,680 --> 00:29:53,400
Speaker 10: to cut to the bone here because we can't afford

537
00:29:54,760 --> 00:29:58,000
Speaker 10: paying for this anymore. Not just intruding in your personal

538
00:29:58,000 --> 00:29:59,760
Speaker 10: life and your and your professional life, but you just

539
00:29:59,800 --> 00:30:02,800
Speaker 10: can't and afford it's not sustainable. They're going to use

540
00:30:02,840 --> 00:30:05,680
Speaker 10: the courts to try to fight this. The legislative side

541
00:30:05,800 --> 00:30:09,440
Speaker 10: essentially surrenders today, the activist side, and they're going into

542
00:30:09,440 --> 00:30:13,640
Speaker 10: red districts. You know, Bernie Sanders and Waltz, and Waltz

543
00:30:13,720 --> 00:30:17,880
Speaker 10: is predicting his presidential campaign in twenty eight on this. Bernie,

544
00:30:18,000 --> 00:30:21,000
Speaker 10: I think, is feeling the juice. He's drawn some big crowds.

545
00:30:21,080 --> 00:30:25,200
Speaker 10: You just have to face facts. I don't think these

546
00:30:25,240 --> 00:30:28,479
Speaker 10: Republicans should be canceling these town halls.

547
00:30:29,080 --> 00:30:30,280
Speaker 9: I think they ought to have security.

548
00:30:30,320 --> 00:30:32,720
Speaker 10: And if people get out of control and start yelling, screaming,

549
00:30:32,760 --> 00:30:36,400
Speaker 10: these these paid democratic activists or even have democratic people,

550
00:30:36,400 --> 00:30:37,800
Speaker 10: you got to tell people he calmed down or I

551
00:30:37,840 --> 00:30:40,959
Speaker 10: answer your question. But it seems to me that maga's

552
00:30:40,960 --> 00:30:42,560
Speaker 10: got to show up to these town halls. You shouldn't

553
00:30:42,600 --> 00:30:46,040
Speaker 10: back off them and make the case, make President Trump's case.

554
00:30:46,080 --> 00:30:48,560
Speaker 10: The case is very straightforward. The case for waste fard

555
00:30:48,640 --> 00:30:52,920
Speaker 10: abuse is very straightforward, and it has to happen. Caroline

556
00:30:52,960 --> 00:30:56,200
Speaker 10: Levitt was there. You saw Scott Bessant, the Secretary Treasury

557
00:30:56,280 --> 00:30:57,920
Speaker 10: at the White House, that he was in the background.

558
00:30:58,000 --> 00:31:01,160
Speaker 10: I would hope he would come to the stick. We

559
00:31:01,200 --> 00:31:04,840
Speaker 10: can't get enough of Scott Besset do we have. Matt

560
00:31:04,840 --> 00:31:10,080
Speaker 10: Boyle did an incredible job from the Salmon Chase room

561
00:31:11,160 --> 00:31:13,600
Speaker 10: last night when they did the interview. We've got the

562
00:31:13,640 --> 00:31:16,160
Speaker 10: first clip up. Let's go ahead and play that. I'll jump.

563
00:31:17,600 --> 00:31:20,200
Speaker 10: Is it ready to go? Let's go ahead and play it.

564
00:31:22,400 --> 00:31:24,600
Speaker 14: You gave a massive address recently in the New York

565
00:31:24,640 --> 00:31:27,720
Speaker 14: Economic Club. In it, you laid out your plan to

566
00:31:28,040 --> 00:31:31,200
Speaker 14: what you call reprivatize the American economy. We saw there

567
00:31:31,240 --> 00:31:35,600
Speaker 14: in the previous administration pretty big reliance for economic growth

568
00:31:35,640 --> 00:31:38,960
Speaker 14: on government spending. You think that's not the answer. Walk

569
00:31:39,000 --> 00:31:41,160
Speaker 14: us through, how do we reprivatize the economy?

570
00:31:41,200 --> 00:31:41,920
Speaker 2: What does that mean?

571
00:31:42,400 --> 00:31:43,400
Speaker 10: Explain that for us?

572
00:31:43,440 --> 00:31:43,720
Speaker 7: Sure.

573
00:31:43,960 --> 00:31:47,240
Speaker 15: So one of the reasons I came out from behind

574
00:31:47,240 --> 00:31:49,400
Speaker 15: my desk and as President Trump if I could join

575
00:31:49,440 --> 00:31:52,360
Speaker 15: the campaign then when he asked me to be in

576
00:31:52,400 --> 00:31:55,520
Speaker 15: the cabinet, was because I was so alarmed by this

577
00:31:55,600 --> 00:31:58,880
Speaker 15: high level of government spending. We've never seen anything like

578
00:31:58,920 --> 00:32:01,600
Speaker 15: this highest level ever when we weren't in a war

579
00:32:02,120 --> 00:32:06,120
Speaker 15: or in a recession. So the Biden administration relied on

580
00:32:06,160 --> 00:32:07,400
Speaker 15: this blowout spending.

581
00:32:07,880 --> 00:32:09,160
Speaker 7: Back to the mainstream media.

582
00:32:09,960 --> 00:32:12,760
Speaker 15: No one criticized it when they were doing it, because

583
00:32:13,320 --> 00:32:14,680
Speaker 15: it was for the great and the good. It was

584
00:32:14,720 --> 00:32:17,719
Speaker 15: for green programs, it was for this, it was for

585
00:32:17,880 --> 00:32:22,520
Speaker 15: overseas engagement. Now what we're trying to do is do

586
00:32:22,920 --> 00:32:27,400
Speaker 15: a course correction where we bring down the government, we

587
00:32:27,480 --> 00:32:31,680
Speaker 15: de leverage the government and relever the private sector.

588
00:32:31,920 --> 00:32:34,240
Speaker 7: And we're going to do that by cutting.

589
00:32:33,880 --> 00:32:39,280
Speaker 15: Spending, the lowering interest we'll get a natural lowering of

590
00:32:39,400 --> 00:32:40,240
Speaker 15: interest rates.

591
00:32:40,640 --> 00:32:41,240
Speaker 7: And then on the.

592
00:32:41,200 --> 00:32:45,960
Speaker 15: Other side, as we relever the private sector, were we

593
00:32:46,040 --> 00:32:48,480
Speaker 15: planned to deregulate the banking system, which was one of

594
00:32:48,560 --> 00:32:51,480
Speaker 15: the things I talked about at the Economic Club of

595
00:32:51,520 --> 00:32:55,479
Speaker 15: New York last week. So as we allow the banking

596
00:32:55,560 --> 00:32:59,240
Speaker 15: as we unshackle the regulated banking system, they can lead,

597
00:33:00,320 --> 00:33:06,000
Speaker 15: they can lend to the private sector, and especially Main

598
00:33:06,040 --> 00:33:10,160
Speaker 15: Street which has been overlooked, so small regional banks, small banks,

599
00:33:10,160 --> 00:33:14,600
Speaker 15: community banks, and so as the government comes down, the

600
00:33:14,640 --> 00:33:15,880
Speaker 15: private sectoral go up.

601
00:33:16,200 --> 00:33:18,960
Speaker 7: Government will shed access.

602
00:33:18,680 --> 00:33:21,480
Speaker 15: Labor, and there's plenty of it, and then the private

603
00:33:21,520 --> 00:33:22,600
Speaker 15: sector will pick it up.

604
00:33:22,960 --> 00:33:25,360
Speaker 14: If you listen to the establishment media talk about this,

605
00:33:25,520 --> 00:33:29,960
Speaker 14: they will say that the shifts that we're talking about

606
00:33:29,960 --> 00:33:34,280
Speaker 14: here from government dependency to a private sector for economic

607
00:33:34,320 --> 00:33:38,400
Speaker 14: growth may cause a recession. That you see that term

608
00:33:38,400 --> 00:33:41,800
Speaker 14: out there all the time. I would imagine you disagree.

609
00:33:41,880 --> 00:33:43,160
Speaker 14: Can you explain that for us.

610
00:33:43,080 --> 00:33:44,760
Speaker 7: Well, I disagree.

611
00:33:45,200 --> 00:33:48,240
Speaker 15: This does not have to cause a recession because look,

612
00:33:48,640 --> 00:33:53,480
Speaker 15: and again back to your point on fact based analysis

613
00:33:53,800 --> 00:33:56,600
Speaker 15: that for my thirty five years from my investment career,

614
00:33:56,920 --> 00:34:00,720
Speaker 15: I was able to kind of not listen to the

615
00:34:00,760 --> 00:34:03,400
Speaker 15: noise adhere to the facts. And I can tell you

616
00:34:03,520 --> 00:34:08,839
Speaker 15: the facts are. I've met with several large bank executives

617
00:34:08,840 --> 00:34:13,160
Speaker 15: and payment processors this week. The American consumers in great

618
00:34:13,200 --> 00:34:15,160
Speaker 15: shape their spending.

619
00:34:16,080 --> 00:34:17,200
Speaker 7: Met with one of the.

620
00:34:17,160 --> 00:34:21,520
Speaker 15: Five largest bank CEOs today he said that small medium

621
00:34:21,560 --> 00:34:25,640
Speaker 15: manufacturing in the Midwest, they've seen a tickup in loan volume.

622
00:34:26,120 --> 00:34:31,040
Speaker 15: So I disagree with this, And where are all these

623
00:34:31,080 --> 00:34:34,880
Speaker 15: people when the Biden administration was blowing out the deficit,

624
00:34:35,280 --> 00:34:37,440
Speaker 15: like we could have come in. It would have been

625
00:34:37,480 --> 00:34:40,720
Speaker 15: easy to come in, keep up these horrendous spending levels,

626
00:34:41,160 --> 00:34:43,839
Speaker 15: and maybe we could have kept it going for year,

627
00:34:43,960 --> 00:34:47,640
Speaker 15: two years, maybe even four years, and left the next

628
00:34:47,680 --> 00:34:51,880
Speaker 15: president and his administration the American people with this problem

629
00:34:52,120 --> 00:34:53,680
Speaker 15: or it could just blow.

630
00:34:53,440 --> 00:34:54,239
Speaker 7: Up at any time.

631
00:34:54,680 --> 00:35:00,120
Speaker 15: So we are laser focused on getting this deficit under control.

632
00:35:00,040 --> 00:35:01,600
Speaker 7: And then growing the economy.

633
00:35:03,640 --> 00:35:05,719
Speaker 10: I'm so proud of these guys. We're gonna have so

634
00:35:05,920 --> 00:35:09,120
Speaker 10: Scott bessen't there. And then John Yu when he comes

635
00:35:09,120 --> 00:35:14,040
Speaker 10: on these structural, massive problems with the government right there,

636
00:35:14,080 --> 00:35:15,680
Speaker 10: and I think we got to see NBC clip I

637
00:35:15,800 --> 00:35:18,920
Speaker 10: may call for here in a moment of Scott Bessant,

638
00:35:19,640 --> 00:35:22,120
Speaker 10: he said, hey, we could have continued on. You know

639
00:35:22,200 --> 00:35:24,319
Speaker 10: this massive deficit spending. Now what it would have done.

640
00:35:24,400 --> 00:35:28,239
Speaker 10: It would have embedded inflation more into the system. But

641
00:35:29,200 --> 00:35:31,040
Speaker 10: at some point in time he just had because we've

642
00:35:31,120 --> 00:35:33,080
Speaker 10: kicked the can down the road. We haven't made the

643
00:35:33,120 --> 00:35:36,640
Speaker 10: tough decisions. You just keep going and going going. They

644
00:35:36,680 --> 00:35:39,719
Speaker 10: could have Trump could have done it Beston could have

645
00:35:39,760 --> 00:35:41,319
Speaker 10: done it. They said they're not going to do it.

646
00:35:42,560 --> 00:35:48,880
Speaker 10: President Trump's transformational. This is why he's talking about hemispheric defense.

647
00:35:50,120 --> 00:35:53,400
Speaker 10: This is why, uh, this is why he's engaged in

648
00:35:53,440 --> 00:35:56,400
Speaker 10: stopping the kinetic part of the Third World War in

649
00:35:56,440 --> 00:35:58,640
Speaker 10: the Aurasian land mass. And just they put it a

650
00:35:58,680 --> 00:36:02,560
Speaker 10: true social A moment ago, the said he's basically having

651
00:36:02,600 --> 00:36:06,600
Speaker 10: conversations with Putin and making progress. John Hugh is going

652
00:36:06,680 --> 00:36:08,399
Speaker 10: to be here in a moment saying, hey, this whole

653
00:36:08,440 --> 00:36:11,359
Speaker 10: thing had gotten so far out of control, with the

654
00:36:11,480 --> 00:36:15,840
Speaker 10: Justice Department being so radicalized from the time of Richard Nixon.

655
00:36:16,239 --> 00:36:20,839
Speaker 10: And what President Trump's trying to do is end you know,

656
00:36:21,239 --> 00:36:26,080
Speaker 10: and and the sins of the cure quote unquote for Wartergate.

657
00:36:27,120 --> 00:36:31,120
Speaker 10: He's trying to stop the addiction to massive federal spending.

658
00:36:32,640 --> 00:36:36,920
Speaker 10: He's trying to stop the addiction to the war machine.

659
00:36:37,920 --> 00:36:42,120
Speaker 10: He's trying to detox detox. And somebody said, well, Scott

660
00:36:42,120 --> 00:36:44,640
Speaker 10: should to use that word. I absolutely should use that word,

661
00:36:44,680 --> 00:36:47,160
Speaker 10: because that's the if you if you tell the truth

662
00:36:47,200 --> 00:36:50,960
Speaker 10: to the American people and you're authentic, and they see

663
00:36:51,000 --> 00:36:52,880
Speaker 10: that you're going to fight for their interests and explain

664
00:36:52,920 --> 00:36:56,240
Speaker 10: to him, hey, folks, this is what we're trying to accomplish.

665
00:36:56,400 --> 00:36:58,319
Speaker 10: The American people will have your back. That's where they

666
00:36:58,360 --> 00:37:01,600
Speaker 10: had Trump's back in the election. Remember all the guys

667
00:37:01,719 --> 00:37:03,160
Speaker 10: running around now and they're going to hey, you know,

668
00:37:03,160 --> 00:37:05,400
Speaker 10: you got Mike Allen. They're all trying to come to

669
00:37:05,560 --> 00:37:10,560
Speaker 10: talk to right wing media because they understand we've outworked them,

670
00:37:10,560 --> 00:37:13,799
Speaker 10: out hustled them, and built these kind of networks out

671
00:37:13,800 --> 00:37:17,480
Speaker 10: of nothing, out of zero no capital, just basically content.

672
00:37:19,400 --> 00:37:22,399
Speaker 10: President Trump is not here to do normal things. That's

673
00:37:22,440 --> 00:37:26,759
Speaker 10: where every day it's so amazing what he's doing at

674
00:37:26,800 --> 00:37:30,239
Speaker 10: so many different levels. Last night. They had a couple

675
00:37:30,280 --> 00:37:32,719
Speaker 10: of things they put out yesterday. Pete Hexas has put

676
00:37:32,719 --> 00:37:37,080
Speaker 10: together a couple of military options for the Panama Canal.

677
00:37:37,160 --> 00:37:40,360
Speaker 10: As you should. President Trump already got Larry Fink and

678
00:37:41,920 --> 00:37:44,879
Speaker 10: black Rock. Well, I'm not huge fans of, but they're

679
00:37:44,920 --> 00:37:46,759
Speaker 10: kind of guys can write a twenty five billion Donald check.

680
00:37:46,800 --> 00:37:48,440
Speaker 10: And they wrote a twenty five billion Donald check to

681
00:37:48,440 --> 00:37:52,640
Speaker 10: buy out Hutchison Wampoa, the Chinese company of the Hong

682
00:37:52,719 --> 00:37:57,000
Speaker 10: Kong company that manages the docks and the stevedores, everything

683
00:37:57,040 --> 00:37:58,960
Speaker 10: down to the Panama Canal. The first step to taking

684
00:37:59,000 --> 00:38:02,120
Speaker 10: it back. Now it's in American hands, the operational part

685
00:38:02,120 --> 00:38:06,320
Speaker 10: of it, not all of the not all of the

686
00:38:06,480 --> 00:38:09,239
Speaker 10: parts of the canal are still on some parts of

687
00:38:09,280 --> 00:38:12,960
Speaker 10: the Pandomanium government. But that's all going to be quickly

688
00:38:13,040 --> 00:38:15,440
Speaker 10: ceded to the United States. And President Trump's looking at

689
00:38:15,480 --> 00:38:18,280
Speaker 10: a couple of three military options. He still get military

690
00:38:18,320 --> 00:38:21,759
Speaker 10: options against the cartels. We were going to have Tom

691
00:38:21,840 --> 00:38:24,840
Speaker 10: Dance on this morning about Greenland. There's a technical issure.

692
00:38:24,840 --> 00:38:28,440
Speaker 10: We're to get Tom tonight or tomorrow. But you know,

693
00:38:28,480 --> 00:38:31,279
Speaker 10: he's thinking through his whole thing of Greenland. Everything he's

694
00:38:31,320 --> 00:38:34,600
Speaker 10: doing is massive they just leaked last night. They're coming

695
00:38:34,640 --> 00:38:40,640
Speaker 10: forward with the Aliens Act of seventeen ninety eight to

696
00:38:40,920 --> 00:38:45,520
Speaker 10: expedite getting rid of the illegal aliens in the country.

697
00:38:45,680 --> 00:38:50,920
Speaker 10: The Aliens Act of seventeen ninety eight. They're gonna they're gonna,

698
00:38:51,000 --> 00:38:53,240
Speaker 10: you know, they're gonna dust that off and say, bang,

699
00:38:53,280 --> 00:38:56,880
Speaker 10: we're doing this today. President Trump's gonna be sending more

700
00:38:56,880 --> 00:39:01,319
Speaker 10: executive orders. Everything is ignoral with this, They're not They're

701
00:39:01,360 --> 00:39:03,840
Speaker 10: not playing on the margins. This is deep and the

702
00:39:03,920 --> 00:39:06,080
Speaker 10: fight's deep. This is why about the courts, and we're

703
00:39:06,080 --> 00:39:09,680
Speaker 10: gonna have you on. And you see right there with

704
00:39:09,760 --> 00:39:12,480
Speaker 10: Scott Besson. Do we have the CNBC clip? Let me

705
00:39:12,480 --> 00:39:13,000
Speaker 10: play the seat?

706
00:39:13,000 --> 00:39:14,720
Speaker 9: How many long? Is it just a couple of minutes?

707
00:39:15,840 --> 00:39:18,160
Speaker 10: Yeah, let's go and play the CNBC clip. I'll coming

708
00:39:18,960 --> 00:39:21,040
Speaker 10: This is consistent. This is one I think is great

709
00:39:21,080 --> 00:39:24,680
Speaker 10: coming out of Treasury Scott Besson as a capital markets guy,

710
00:39:24,760 --> 00:39:28,960
Speaker 10: he's laying out we're cutting spending, We're gonna deconstruct this government.

711
00:39:28,960 --> 00:39:30,920
Speaker 10: We're gonna get the size down. We're also gonna get

712
00:39:30,960 --> 00:39:33,960
Speaker 10: to spending down the Pentagon and other places. They could

713
00:39:33,960 --> 00:39:37,520
Speaker 10: have taken the easy road, right, they're taking the narrow

714
00:39:37,560 --> 00:39:40,799
Speaker 10: path while they taking the narrow path. The country has

715
00:39:40,840 --> 00:39:42,719
Speaker 10: to have it or we're finished. I kept saying that

716
00:39:42,760 --> 00:39:44,520
Speaker 10: one in the middle about the finances. If you just

717
00:39:44,600 --> 00:39:47,720
Speaker 10: keep going, that's existential, You're you're you're done, You're toast.

718
00:39:48,600 --> 00:39:51,239
Speaker 10: They're not going to do it. They're attacking this full on.

719
00:39:52,600 --> 00:39:53,400
Speaker 10: Let's go and play it.

720
00:39:54,400 --> 00:39:56,400
Speaker 15: You know, when you say that we're in a when

721
00:39:56,440 --> 00:39:59,160
Speaker 15: we're in a period of detox, use that word.

722
00:39:58,880 --> 00:40:01,920
Speaker 13: On CNBC last Is that an euphemism for recession?

723
00:40:03,560 --> 00:40:04,040
Speaker 8: Not at all.

724
00:40:04,400 --> 00:40:08,080
Speaker 15: Doesn't have to be, because it'll depend on how quickly

725
00:40:08,560 --> 00:40:12,239
Speaker 15: the baton gets handed off. Our goal is to have

726
00:40:12,360 --> 00:40:16,239
Speaker 15: a smooth transition. But I tell you, Sarah, the easy thing,

727
00:40:16,400 --> 00:40:18,719
Speaker 15: the easy thing for us to have done, would have

728
00:40:18,719 --> 00:40:21,880
Speaker 15: been to come in and just keep this massive spending

729
00:40:22,480 --> 00:40:26,440
Speaker 15: level going. And it's unsustainable. But could we have kept

730
00:40:26,440 --> 00:40:29,760
Speaker 15: it going for a year? Two years, maybe even four? Maybe?

731
00:40:29,800 --> 00:40:33,600
Speaker 15: But you're risking a financial calamity. So you know, we

732
00:40:33,640 --> 00:40:36,360
Speaker 15: are trying to get this tax bill done. We are

733
00:40:36,920 --> 00:40:41,280
Speaker 15: the controlling expenses. And when we get the tax bill done,

734
00:40:41,440 --> 00:40:45,560
Speaker 15: So if you can change the trajectory, up revenues up

735
00:40:45,600 --> 00:40:49,600
Speaker 15: economic growth, hold expenses flat, or do they unthinkable and

736
00:40:49,640 --> 00:40:54,960
Speaker 15: cut expenses. Then that's a pretty good trajectory on growth.

737
00:40:55,120 --> 00:40:57,560
Speaker 15: And if we go back to the model in the nineties,

738
00:40:57,880 --> 00:41:01,120
Speaker 15: that's exactly what happened. We'd see interest rates come down,

739
00:41:01,360 --> 00:41:04,120
Speaker 15: we'd see the private sector take up the slack from

740
00:41:04,120 --> 00:41:07,920
Speaker 15: the government because right now we have excess employment in

741
00:41:07,960 --> 00:41:12,480
Speaker 15: the government, and that the of those people can be

742
00:41:12,560 --> 00:41:13,800
Speaker 15: moved to the private sector.

743
00:41:16,120 --> 00:41:20,440
Speaker 10: Move them to the private sector, downsizing, cutting spenses, and

744
00:41:20,480 --> 00:41:23,440
Speaker 10: the courts have coming vaccinating you can't do that. You

745
00:41:23,480 --> 00:41:25,840
Speaker 10: can't do that. You can't you can't cut the federal government,

746
00:41:25,840 --> 00:41:26,880
Speaker 10: you can't cut the bureaucracy.

747
00:41:26,920 --> 00:41:27,520
Speaker 9: You can't do it.

748
00:41:28,400 --> 00:41:31,160
Speaker 10: They're fighting, and this is going to go all the

749
00:41:31,160 --> 00:41:33,040
Speaker 10: way up, and I think it's going to take a while.

750
00:41:33,239 --> 00:41:36,480
Speaker 10: I don't see this getting expedited really overall, because they're

751
00:41:36,480 --> 00:41:38,120
Speaker 10: going to keep coming. I think you have to bundlet

752
00:41:38,400 --> 00:41:40,880
Speaker 10: into one thing. We'll ask John you this. You have

753
00:41:41,040 --> 00:41:45,360
Speaker 10: to bundlet and have an overall decision here, because you

754
00:41:45,400 --> 00:41:47,600
Speaker 10: know you're going to go one of these radical sectors

755
00:41:48,000 --> 00:41:50,000
Speaker 10: like DC to lose it the appell court and you

756
00:41:50,080 --> 00:41:52,040
Speaker 10: have to go to the Supreme Court or right ever

757
00:41:52,120 --> 00:41:55,480
Speaker 10: side loses is going to continue on. So this is

758
00:41:55,520 --> 00:41:58,520
Speaker 10: going to be as Treasury and O and B are

759
00:41:58,560 --> 00:42:02,439
Speaker 10: trying to do their jobs. You've got, you know, these

760
00:42:02,560 --> 00:42:05,160
Speaker 10: unions and all these radicals, and you see them cheered

761
00:42:05,200 --> 00:42:09,279
Speaker 10: on by MSNBC. What did Schumer say, don't miss the

762
00:42:09,320 --> 00:42:14,120
Speaker 10: signal for the noise the final decision they made in

763
00:42:14,239 --> 00:42:19,120
Speaker 10: keeping the government open. Their fear is that if they

764
00:42:19,160 --> 00:42:21,520
Speaker 10: shut the government down, President Trump could do something of

765
00:42:21,520 --> 00:42:23,600
Speaker 10: the courts and slow down. And they admit it. That's

766
00:42:23,600 --> 00:42:28,880
Speaker 10: the only place they're getting victories right now. This is

767
00:42:28,920 --> 00:42:32,919
Speaker 10: going to get tougher and tougher. I tell you also,

768
00:42:33,120 --> 00:42:37,640
Speaker 10: behind the scenes the polling, it's getting a little dicey one.

769
00:42:37,680 --> 00:42:40,040
Speaker 10: I think it's just not being message one hundred percent appropriately.

770
00:42:40,080 --> 00:42:43,279
Speaker 10: That's why I'm glad bessens more engage, hope for us

771
00:42:43,360 --> 00:42:44,320
Speaker 10: Volk gets engaged.

772
00:42:44,800 --> 00:42:47,040
Speaker 9: I think I'm glad Caroline came out today.

773
00:42:47,360 --> 00:42:49,799
Speaker 10: I think the White House staff is doing a is

774
00:42:49,800 --> 00:42:51,279
Speaker 10: doing a fantastic job here.

775
00:42:52,160 --> 00:42:53,160
Speaker 9: We want to see more.

776
00:42:53,320 --> 00:42:56,600
Speaker 10: I think you have more financial I would also make

777
00:42:56,640 --> 00:42:58,920
Speaker 10: a recommendation, you know, maybe Howard ought to spend a

778
00:42:58,920 --> 00:43:01,480
Speaker 10: little more time at common, maybe a little less time

779
00:43:01,520 --> 00:43:04,719
Speaker 10: in the TV studio, a little bit of that goes

780
00:43:04,760 --> 00:43:07,160
Speaker 10: a long way, if you know what I mean. We've

781
00:43:07,160 --> 00:43:09,960
Speaker 10: got to kind of get on a point here. Speaking

782
00:43:09,960 --> 00:43:13,719
Speaker 10: of getting on point, goals through three thousand, We've told

783
00:43:13,719 --> 00:43:19,080
Speaker 10: you this for years. It's it's understanding pattern recognition. We're

784
00:43:19,080 --> 00:43:21,279
Speaker 10: here to give you access to information so that you

785
00:43:21,440 --> 00:43:22,040
Speaker 10: understand it.

786
00:43:22,080 --> 00:43:25,279
Speaker 9: You have a mental map, right. Somebody does not tell you, oh.

787
00:43:25,160 --> 00:43:29,880
Speaker 10: It's goals. Understand why, understand why you do that. You

788
00:43:29,880 --> 00:43:32,400
Speaker 10: will change your life. You will. That's one of the

789
00:43:32,440 --> 00:43:34,480
Speaker 10: reasons we're so proud and the teams so committed to

790
00:43:34,520 --> 00:43:34,839
Speaker 10: the show.

791
00:43:34,920 --> 00:43:36,319
Speaker 9: We see how it's energized people.

792
00:43:36,440 --> 00:43:40,600
Speaker 10: Use your agency, take your phone out, text banning at

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Speaker 10: nine eight nine eight nine eight. Get the ultimate guide

794
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795
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796
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Speaker 10: learn about it. Learn about it and talk to Philip

797
00:43:52,120 --> 00:43:55,320
Speaker 10: Patrick and the team short break back in a moment.

798
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Speaker 7: Your host Stephen.

799
00:44:01,440 --> 00:44:07,520
Speaker 10: K Two things. I want to go to Birch Gold

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801
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Speaker 10: six free installment. Also Rickards Warroom dot Com. You get

803
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Speaker 10: access to strategic intelligence, and he offers up as a

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Speaker 10: bonus a free book. Was it Money and Chad gpt

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806
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Speaker 9: There's a story of business insight. I said this day

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808
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Speaker 10: There's a new one of the hottest companies in programming

809
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Speaker 10: of coding. Essentially said that the CEO, I'll have this

810
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Speaker 10: this afternoon to talk about. CEO made a statement. He

811
00:44:52,960 --> 00:44:55,520
Speaker 10: says he thinks all of his coding and his company,

812
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Speaker 10: all of it will be done by artificial intelligence. They'll

813
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Speaker 10: have some managers managing all be done by artificial intelligence

814
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Speaker 10: within this year, within this year. See go to ricordswarroom

815
00:45:07,200 --> 00:45:11,520
Speaker 10: dot com slash Bannon get you go there and you

816
00:45:12,640 --> 00:45:16,880
Speaker 10: know only get access to strategic intelligence, you also get

817
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Speaker 10: the new book about money and artificial intelligence, records the

818
00:45:22,239 --> 00:45:26,799
Speaker 10: Chinese curse to live in interesting times. Sir, we're doing it.

819
00:45:27,239 --> 00:45:29,520
Speaker 10: Give me. I want to know first. I want to

820
00:45:29,520 --> 00:45:31,120
Speaker 10: pull back the camera and talk to you about the

821
00:45:31,160 --> 00:45:35,439
Speaker 10: quote unquote tariffs, trade war, how that's affecting the market.

822
00:45:35,520 --> 00:45:39,000
Speaker 10: Impacting the market and obviously, as you're called, shot to

823
00:45:39,160 --> 00:45:41,799
Speaker 10: the rise of goals over three thousand a day, Jim

824
00:45:41,840 --> 00:45:44,879
Speaker 10: reckards the floor is your sir, sure, well.

825
00:45:44,880 --> 00:45:47,759
Speaker 4: I love the fact that every reporter in Washington, or

826
00:45:47,840 --> 00:45:50,080
Speaker 4: lobbyist or whatever is suddenly an expert on tariff's. We

827
00:45:50,080 --> 00:45:51,640
Speaker 4: haven't heard much about them for a long time, but

828
00:45:51,719 --> 00:45:57,480
Speaker 4: now that's all you hear. The fact is, most mainstream

829
00:45:57,520 --> 00:46:01,320
Speaker 4: economists don't understand tariffs. There are few who do, Michael Pettison,

830
00:46:01,800 --> 00:46:03,399
Speaker 4: a few others, and I've spent a lot of time

831
00:46:03,520 --> 00:46:07,600
Speaker 4: on the topic. As we've said before, tarrists were how

832
00:46:07,680 --> 00:46:11,720
Speaker 4: the United States grew From seventeen ninety Alexander Hamilton until

833
00:46:11,800 --> 00:46:15,640
Speaker 4: nineteen sixty two, when Kennedy signed the Trade Acts of

834
00:46:15,719 --> 00:46:22,080
Speaker 4: nineteen sixty two, the US always had tariffs again. John Quincy, Adams,

835
00:46:22,120 --> 00:46:27,600
Speaker 4: Abraham Lincoln, William McKinley, Coolidge, Eisenhower, they all supported tariffs.

836
00:46:27,600 --> 00:46:30,400
Speaker 4: The income tax didn't even come in until nineteen thirteen.

837
00:46:30,800 --> 00:46:33,440
Speaker 4: How do we finance the Civil War, the Spanish American

838
00:46:33,440 --> 00:46:36,680
Speaker 4: War and all the growth, etc. So terrorists makes sense.

839
00:46:37,120 --> 00:46:40,000
Speaker 4: They basically say to the world, Hey, you can sell

840
00:46:40,000 --> 00:46:42,360
Speaker 4: whatever you want to Americans, no problem, but you have

841
00:46:42,400 --> 00:46:44,160
Speaker 4: to build it here, you have to invest here, you

842
00:46:44,200 --> 00:46:47,360
Speaker 4: have to hire Americans. Creates high paying jobs that in

843
00:46:47,400 --> 00:46:51,319
Speaker 4: turn drives consumption of the good sort, and not with depth,

844
00:46:51,320 --> 00:46:53,880
Speaker 4: but with the fact that people can afford things and

845
00:46:53,920 --> 00:46:56,520
Speaker 4: the economy growth so plus you get an awful lot

846
00:46:56,520 --> 00:46:58,840
Speaker 4: of revenue from it. And all these budget projections you

847
00:46:58,880 --> 00:47:02,279
Speaker 4: hear about are not really taking into account the at

848
00:47:02,400 --> 00:47:05,239
Speaker 4: least tens, perhaps hundreds of billions of dollars that will

849
00:47:05,280 --> 00:47:08,239
Speaker 4: actually get from the tariffs. So so Trump has that right.

850
00:47:08,960 --> 00:47:11,480
Speaker 4: It's not some radical new idea. It was an idea

851
00:47:11,520 --> 00:47:14,439
Speaker 4: that was around for you know, one hundred and fifty years,

852
00:47:14,480 --> 00:47:17,200
Speaker 4: but it was just sort of abandoned in the during

853
00:47:17,200 --> 00:47:21,560
Speaker 4: the edge of globalization slightly before so, but the biggest,

854
00:47:21,960 --> 00:47:26,000
Speaker 4: the biggest canarcy were the biggest misunderstanding. The Democrats started

855
00:47:26,000 --> 00:47:28,080
Speaker 4: this in the twenty twenty four campaign, but it kind

856
00:47:28,080 --> 00:47:31,200
Speaker 4: of clought on unfortunately. They said tariffs are a sales

857
00:47:31,200 --> 00:47:33,960
Speaker 4: tax on the American people. You buy goods and if

858
00:47:34,000 --> 00:47:36,000
Speaker 4: you put a ten or twenty percent tariff on it,

859
00:47:36,239 --> 00:47:38,839
Speaker 4: that's like a twenty percent sales tax. Well, everyone hates

860
00:47:38,880 --> 00:47:41,319
Speaker 4: sales tax. I live in New Hampshire, we don't have any,

861
00:47:41,840 --> 00:47:45,719
Speaker 4: but most places do. That's not true. And here's mark.

862
00:47:46,760 --> 00:47:49,120
Speaker 4: There are three parties, at least three, maybe more, but

863
00:47:49,120 --> 00:47:52,520
Speaker 4: there at least three parties to a tariff related transaction.

864
00:47:52,600 --> 00:47:55,920
Speaker 4: There's the producer. The exporter could be in China, Vietnam

865
00:47:56,040 --> 00:47:59,279
Speaker 4: or Malaysia. There's the importer in the United States, which

866
00:47:59,320 --> 00:48:02,239
Speaker 4: is a district or a wholesale or some sort. And

867
00:48:02,280 --> 00:48:04,600
Speaker 4: then there's the consumer. You might have more metal men,

868
00:48:04,680 --> 00:48:07,879
Speaker 4: but those three parties. So this idea that this gets

869
00:48:07,920 --> 00:48:11,040
Speaker 4: laid off on the consumer is absolutely not true. If

870
00:48:11,040 --> 00:48:15,080
Speaker 4: you thought if Walmart and best Buy and Cohle's and

871
00:48:15,480 --> 00:48:18,120
Speaker 4: everyone else thought that they could raise prices to consumers,

872
00:48:18,280 --> 00:48:20,440
Speaker 4: they would do it anyway. You don't need a tariff

873
00:48:20,520 --> 00:48:23,040
Speaker 4: to raise prices. They would just raise prices. Why don't

874
00:48:23,040 --> 00:48:25,719
Speaker 4: they because they can't because the consumer can't pay more,

875
00:48:25,719 --> 00:48:28,680
Speaker 4: because the consumers tapped out, credit lines are usedup, etc.

876
00:48:29,160 --> 00:48:33,560
Speaker 4: There's a lot of what's called inelasticity, sorry elasticity. At

877
00:48:33,600 --> 00:48:37,000
Speaker 4: that level, people will substitute other goods, get hamburger instead

878
00:48:37,040 --> 00:48:39,959
Speaker 4: of steak or whatever. The only exception is guessline, because

879
00:48:40,120 --> 00:48:44,319
Speaker 4: you absolutely need that. So who actually pays the tariff, Well,

880
00:48:44,360 --> 00:48:46,600
Speaker 4: the importer writes to check. The importer who takes it

881
00:48:46,640 --> 00:48:49,640
Speaker 4: off the container ship at the port of la writes

882
00:48:49,680 --> 00:48:52,040
Speaker 4: the check to the Treasury for the tariff, but who

883
00:48:52,120 --> 00:48:54,520
Speaker 4: bears the economic costs? A lot of it gets pushed

884
00:48:54,560 --> 00:48:58,320
Speaker 4: back to the producer. The importer calls China or Vietnam

885
00:48:58,440 --> 00:49:00,960
Speaker 4: or Malaysia's the casement bans. Look, you've got to lower

886
00:49:00,960 --> 00:49:04,239
Speaker 4: your prices because lower prices with the tariff comes out

887
00:49:04,280 --> 00:49:06,799
Speaker 4: about where we were. But this is coming out of

888
00:49:06,800 --> 00:49:10,279
Speaker 4: your profits in your margin. Or the importer can bear

889
00:49:10,440 --> 00:49:15,040
Speaker 4: part of it again, same result, lower revenues, lower margins,

890
00:49:15,320 --> 00:49:17,680
Speaker 4: or they can split it. That's just an economic decision.

891
00:49:17,680 --> 00:49:20,720
Speaker 4: But the point is either the producer or the importer

892
00:49:21,480 --> 00:49:24,400
Speaker 4: or both bear the taraff the consumer does not, because

893
00:49:24,440 --> 00:49:27,560
Speaker 4: the consumers campaign anymore anyway, So that whole sales text

894
00:49:27,560 --> 00:49:30,759
Speaker 4: idea is just a complete myth. It's not true, and

895
00:49:30,800 --> 00:49:33,600
Speaker 4: that's why it's not inflationary. Trump put a lot of

896
00:49:33,640 --> 00:49:36,319
Speaker 4: tariffs on in twenty eighteen. We didn't have inflation, no

897
00:49:36,400 --> 00:49:37,680
Speaker 4: significant amount of inflation.

898
00:49:38,360 --> 00:49:44,080
Speaker 10: Then go back to hang hold full stop hit rewind

899
00:49:44,120 --> 00:49:46,920
Speaker 10: on that we got to hammer this point every day.

900
00:49:46,920 --> 00:49:49,240
Speaker 10: President Trump put the highest terriftsor everhead on the Chinese

901
00:49:49,239 --> 00:49:53,279
Speaker 10: Commings party in eighteen and in eighteen and nineteen, absolutely

902
00:49:53,280 --> 00:49:56,759
Speaker 10: no price inflation at all of the Tranese goods. Am

903
00:49:56,760 --> 00:49:59,919
Speaker 10: I correcting that, Jim records. You might correction that gym Rekerd.

904
00:50:00,719 --> 00:50:03,239
Speaker 10: It shows that it's a lie. This canard they do

905
00:50:03,320 --> 00:50:07,480
Speaker 10: every day and nobody refutes it. You got Spencer Morrison,

906
00:50:07,760 --> 00:50:10,040
Speaker 10: Peter Navarre, you got Jim Rickerds. You got three or

907
00:50:10,040 --> 00:50:11,960
Speaker 10: four guys, and we ought to be out every day.

908
00:50:11,960 --> 00:50:14,399
Speaker 10: I've told Treasure and Whales is we have to have

909
00:50:14,440 --> 00:50:18,560
Speaker 10: the first team out there tearing apart the lies that

910
00:50:18,600 --> 00:50:19,800
Speaker 10: they're putting out about terrorists.

911
00:50:19,880 --> 00:50:21,640
Speaker 9: Right now, sir, there is.

912
00:50:21,560 --> 00:50:25,200
Speaker 4: No economic evidence the tariff's cause inflation. In fact, the

913
00:50:25,360 --> 00:50:28,759
Speaker 4: example we just gave a twenty eighteen Trump piled on

914
00:50:28,800 --> 00:50:31,640
Speaker 4: tariffs and there was no inflation. The inflation took off

915
00:50:31,680 --> 00:50:35,319
Speaker 4: in twenty twenty two under Biden hit nine point one

916
00:50:35,360 --> 00:50:37,000
Speaker 4: percent on an annualized basis.

917
00:50:37,160 --> 00:50:41,160
Speaker 10: Spendsployers the kingesy and spending the kingesy and spending spending,

918
00:50:41,200 --> 00:50:46,120
Speaker 10: spending Jim Hayer for a second, Rickerds is going to

919
00:50:46,200 --> 00:50:49,560
Speaker 10: be with me for most of the second hour. Go

920
00:50:49,600 --> 00:50:53,680
Speaker 10: to rickardsworam dot com. You get access to strategic intelligence. Also,

921
00:50:53,719 --> 00:50:57,000
Speaker 10: you get a free book on capital markets, currency and

922
00:50:57,200 --> 00:51:02,120
Speaker 10: artificial intelligence. Next segment We're gonna end here with the

923
00:51:02,200 --> 00:51:07,160
Speaker 10: right stuff. Rickards got it, President Trump's got it. Our

924
00:51:07,239 --> 00:51:09,440
Speaker 10: next guest at the top of the hour, John U,

925
00:51:09,680 --> 00:51:13,520
Speaker 10: one of the great brains on the legal side the

926
00:51:13,560 --> 00:51:16,560
Speaker 10: conservative Movement's going to join us. We're going to talk

927
00:51:16,600 --> 00:51:20,359
Speaker 10: about you heard matter last night the court in San

928
00:51:20,400 --> 00:51:23,440
Speaker 10: Francisco and Maryland. Mike Davis led it. These fights we

929
00:51:23,520 --> 00:51:27,600
Speaker 10: have against these radical neo Marxist judges. John You is

930
00:51:27,640 --> 00:51:32,239
Speaker 10: going to say, we're here to end the sins of

931
00:51:32,280 --> 00:51:35,560
Speaker 10: the Postwartergate era of what was done at the Justice

932
00:51:35,560 --> 00:51:39,560
Speaker 10: Department in the federal bench. Short commercial break, John U

933
00:51:39,719 --> 00:51:48,200
Speaker 10: joins us. Next in the Worry