1
00:00:15,360 --> 00:01:51,760
Speaker 1: H cng it up.

2
00:01:51,920 --> 00:02:00,360
Speaker 2: Be you.

3
00:03:19,440 --> 00:03:24,160
Speaker 1: Long receiving line of frankly rich guys coming to get

4
00:03:24,160 --> 00:03:27,919
Speaker 1: their thirty seconds with President Trump and with the Crown Prince.

5
00:03:28,280 --> 00:03:31,000
Speaker 1: Crown Prince greeted President Trump at the airport a short

6
00:03:31,040 --> 00:03:34,800
Speaker 1: time ago, an honor he did not offer President Biden.

7
00:03:34,840 --> 00:03:38,320
Speaker 1: In twenty twenty two, when he arrived the President's limousine,

8
00:03:38,360 --> 00:03:41,720
Speaker 1: the beast was escorted to the Royal Court by Arabian horses.

9
00:03:42,280 --> 00:03:44,920
Speaker 1: The Saudis know how to put on a show. They

10
00:03:44,960 --> 00:03:47,360
Speaker 1: know how to welcome President Trump. Remember in that visit

11
00:03:47,360 --> 00:03:50,720
Speaker 1: in twenty seventeen when they projected his face onto the

12
00:03:50,760 --> 00:03:52,640
Speaker 1: side of the Riz Carlton hotel there.

13
00:03:52,760 --> 00:03:55,840
Speaker 3: Yeah, the Saudis created a template that was his. Trump's

14
00:03:55,880 --> 00:03:58,600
Speaker 3: first trip was May twenty seventeen. I was on that trip,

15
00:03:58,600 --> 00:04:01,920
Speaker 3: traveling with the presidential pool. He had the imagest of

16
00:04:01,960 --> 00:04:04,840
Speaker 3: the President and the King were draped on every building.

17
00:04:04,920 --> 00:04:06,800
Speaker 3: As you as like Moti Kid went down the highway

18
00:04:06,840 --> 00:04:10,400
Speaker 3: on his hotel, the Rich Carlton, they put up his face,

19
00:04:10,440 --> 00:04:14,160
Speaker 3: as you say, with a digital imagery, the same hotel,

20
00:04:14,200 --> 00:04:15,839
Speaker 3: by the way, that Mohammed bin Salam and the Crown

21
00:04:15,880 --> 00:04:18,440
Speaker 3: Prince usually later used to detain his political prisoners.

22
00:04:18,880 --> 00:04:19,920
Speaker 4: That was the trip of the.

23
00:04:20,000 --> 00:04:22,440
Speaker 3: Orb where you know the President and the king and

24
00:04:22,520 --> 00:04:24,880
Speaker 3: the head of Egypt all stood with it.

25
00:04:25,440 --> 00:04:27,880
Speaker 2: Yes, they created that. Saudi's figured out early.

26
00:04:27,760 --> 00:04:30,000
Speaker 3: The trick for President Trump is to flatter him, to

27
00:04:30,080 --> 00:04:32,400
Speaker 3: treat him like royalty, which is what he wanted. And

28
00:04:32,440 --> 00:04:34,400
Speaker 3: we saw that on that trip. We are seeing it

29
00:04:34,480 --> 00:04:37,600
Speaker 3: again now. And yes, the White House has said, look,

30
00:04:37,640 --> 00:04:39,520
Speaker 3: this is about business. We're trying to get deals the

31
00:04:39,640 --> 00:04:42,560
Speaker 3: trillion dollar mark though that seems unlikely. But of course

32
00:04:42,560 --> 00:04:44,840
Speaker 3: there are geopolitics that are going to creep in here,

33
00:04:44,880 --> 00:04:48,200
Speaker 3: the situation of gods the Gulf States to push him

34
00:04:48,760 --> 00:04:50,839
Speaker 3: to come up with some sort of plan there. For

35
00:04:50,920 --> 00:04:53,839
Speaker 3: the Palestinians, the Iran deal as well, they're going to

36
00:04:53,880 --> 00:04:57,680
Speaker 3: want some sort of solution there. But right now, as

37
00:04:57,680 --> 00:05:00,120
Speaker 3: we're seeing the president a short time ago with a

38
00:05:00,160 --> 00:05:04,240
Speaker 3: crown prince, he's strengthening ties to the region and it's

39
00:05:04,279 --> 00:05:08,839
Speaker 3: really about economic and business development rather than strategy mecs.

40
00:05:11,240 --> 00:05:16,400
Speaker 2: This is the primal screen of a dying regime. Pray

41
00:05:16,480 --> 00:05:19,920
Speaker 2: for our enemies because we're going to medieval on these people.

42
00:05:21,120 --> 00:05:23,279
Speaker 2: You've not got a free shot. And all these networks

43
00:05:23,400 --> 00:05:26,599
Speaker 2: lying about the people. The people have had a belly

44
00:05:26,600 --> 00:05:28,440
Speaker 2: full of it. I know you don't like hearing that.

45
00:05:28,800 --> 00:05:30,160
Speaker 2: I know you tried to do everything in the world

46
00:05:30,160 --> 00:05:31,440
Speaker 2: to stop that, but you're not going to stop. But

47
00:05:31,520 --> 00:05:32,599
Speaker 2: it's going to happen.

48
00:05:32,720 --> 00:05:34,919
Speaker 1: And where do people like that go to share the

49
00:05:34,960 --> 00:05:35,680
Speaker 1: big line?

50
00:05:36,200 --> 00:05:37,440
Speaker 4: Mega media?

51
00:05:37,600 --> 00:05:40,760
Speaker 1: I wish in my soul, I wish that any.

52
00:05:40,640 --> 00:05:42,320
Speaker 5: Of these people had a conscience.

53
00:05:43,000 --> 00:05:46,200
Speaker 2: Ask yourself, what is my task and what is my purpose?

54
00:05:46,839 --> 00:05:51,000
Speaker 2: If that answer is to save my country, this country

55
00:05:51,279 --> 00:05:52,960
Speaker 2: will be saved.

56
00:05:53,040 --> 00:05:56,120
Speaker 4: Wor use your host, Stephen Cama.

57
00:06:02,160 --> 00:06:05,200
Speaker 2: It's Tuesday, thirteen May. You're of our Lord twenty twenty five. Okay,

58
00:06:06,400 --> 00:06:09,240
Speaker 2: we're gonna get into the geopolitics, talk about the pageantry,

59
00:06:09,320 --> 00:06:12,560
Speaker 2: the businessman, what the purpose of this? The Great Jim Rickards,

60
00:06:13,080 --> 00:06:15,200
Speaker 2: as only he can explain to you, is is up

61
00:06:15,200 --> 00:06:17,640
Speaker 2: on deck going to join us momentarily, get Dave Brett

62
00:06:18,400 --> 00:06:21,240
Speaker 2: to walk through this afternoon the huge markups and three

63
00:06:21,279 --> 00:06:24,159
Speaker 2: big committees, particularly about medicaid and about taxes, are going

64
00:06:24,200 --> 00:06:25,720
Speaker 2: to take place. We're going to prep you for all

65
00:06:25,760 --> 00:06:29,839
Speaker 2: of that, but I want to start. We're very lucky

66
00:06:29,839 --> 00:06:33,200
Speaker 2: to have Andy Biggs for a few minutes here before

67
00:06:33,240 --> 00:06:35,479
Speaker 2: he gets on other activities up on the hill. So

68
00:06:35,600 --> 00:06:37,960
Speaker 2: Congressman Biggs, here's the thing. We're trying to break this

69
00:06:37,960 --> 00:06:41,520
Speaker 2: whole thing down, the big beautiful bill, both the cost

70
00:06:41,600 --> 00:06:45,760
Speaker 2: side and the tax side. But let's go to cost first,

71
00:06:45,880 --> 00:06:49,240
Speaker 2: because you've clarified something to me, I think is quite important,

72
00:06:49,560 --> 00:06:53,280
Speaker 2: and I believe they always understand this. Senator Johnson's got

73
00:06:53,680 --> 00:06:55,720
Speaker 2: an amazing piece in the Wall Street Journal, and we're

74
00:06:55,720 --> 00:06:58,600
Speaker 2: trying to get Johnson on in Hay Holly's piece about Medicaid.

75
00:06:59,279 --> 00:07:01,719
Speaker 2: But Johnson taughtalks about, as we talk about on the show,

76
00:07:01,880 --> 00:07:04,760
Speaker 2: the discretionary budget. You got to get here. You can't

77
00:07:04,760 --> 00:07:06,880
Speaker 2: get a dead ceiling increase and then blow through it.

78
00:07:07,839 --> 00:07:09,440
Speaker 2: And I keep saying, hey, we got to get off

79
00:07:09,480 --> 00:07:11,520
Speaker 2: talk about the ten years. But the ten year does

80
00:07:11,560 --> 00:07:14,000
Speaker 2: have a logic too, in that the guys talking about

81
00:07:14,000 --> 00:07:16,000
Speaker 2: ten years are talking about some of the mandatory cuts.

82
00:07:16,640 --> 00:07:20,360
Speaker 2: Walk me through right now your assessment, because the Big

83
00:07:20,440 --> 00:07:25,120
Speaker 2: Beautiful bill seems to me it's kind of slapped together.

84
00:07:25,160 --> 00:07:27,280
Speaker 2: It's very hard to get your hands around. I don't

85
00:07:27,320 --> 00:07:29,640
Speaker 2: see a lot of cuts coming out of here. I

86
00:07:29,720 --> 00:07:33,240
Speaker 2: see a two treeion dollar minimum deficit this physical year.

87
00:07:33,280 --> 00:07:36,200
Speaker 2: The end of September thirtieth, and the back of an envelope,

88
00:07:36,520 --> 00:07:39,080
Speaker 2: we're in two two and a half for next fiscal year.

89
00:07:39,160 --> 00:07:41,280
Speaker 2: So the four tree and dollar lift we get on

90
00:07:41,320 --> 00:07:44,360
Speaker 2: the dead ceiling. I think we blow through before the

91
00:07:44,400 --> 00:07:48,600
Speaker 2: twenty six midterm. Congressman Biggs, you've been the biggest deficit

92
00:07:48,720 --> 00:07:53,040
Speaker 2: hawk in Congress. Your thoughts, sir, Yeah.

93
00:07:52,880 --> 00:07:56,240
Speaker 6: You're exactly right, Steve. So and you take the big

94
00:07:56,240 --> 00:07:59,920
Speaker 6: beautiful bill is focusing on what we call mandatory spending,

95
00:08:00,640 --> 00:08:04,360
Speaker 6: and that's a whole tranch of things that we can touch.

96
00:08:04,400 --> 00:08:07,880
Speaker 6: We can't really get into discretionary spending too much on that.

97
00:08:08,440 --> 00:08:11,600
Speaker 6: But you cannot touch social Security. Everybody says, oh, we're

98
00:08:11,600 --> 00:08:14,680
Speaker 6: getting No, you can't cut social Security. And this is

99
00:08:14,720 --> 00:08:17,120
Speaker 6: all by rule. By the way, Steve, this isn't law,

100
00:08:17,200 --> 00:08:20,200
Speaker 6: this is rule. And so you have this mandatory side,

101
00:08:20,200 --> 00:08:23,160
Speaker 6: and then you have the discretionary side. And Ron Ron,

102
00:08:23,200 --> 00:08:24,840
Speaker 6: and I love Ron, and I'm.

103
00:08:24,640 --> 00:08:25,320
Speaker 4: Working with Ron.

104
00:08:25,440 --> 00:08:29,400
Speaker 6: We meet fairly regularly talk about these things. He's right,

105
00:08:30,040 --> 00:08:32,199
Speaker 6: and I've been advocating to get back to the pre

106
00:08:32,280 --> 00:08:35,640
Speaker 6: twenty nineteen levels, get back to the pre twenty nineteen levels.

107
00:08:36,360 --> 00:08:40,200
Speaker 6: On the discretionary side, you actually take a substantial chunk,

108
00:08:40,240 --> 00:08:43,679
Speaker 6: and you've been the spending curved down. On the other hand,

109
00:08:44,120 --> 00:08:47,760
Speaker 6: you're talking about people that they don't want to cut

110
00:08:47,880 --> 00:08:50,719
Speaker 6: the Green New Deal stuff, So we're going to get

111
00:08:50,760 --> 00:08:53,440
Speaker 6: only about eighty five percent of Green New Deal cut.

112
00:08:53,480 --> 00:08:56,559
Speaker 6: That's on the mandatory side. You're going to get these

113
00:08:56,600 --> 00:09:00,760
Speaker 6: folks from these California, New York, Illinois, New these high

114
00:09:00,880 --> 00:09:05,040
Speaker 6: property tax states. They want the rest of America to

115
00:09:05,080 --> 00:09:10,520
Speaker 6: subsidize their high property tax as a deduction. So they said,

116
00:09:10,640 --> 00:09:12,760
Speaker 6: now they're not going to vote for this because they

117
00:09:12,840 --> 00:09:14,640
Speaker 6: didn't get a big enough deduction. But that's a two

118
00:09:14,679 --> 00:09:17,840
Speaker 6: hundred and fifty billion dollar hit over ten years. What's

119
00:09:17,880 --> 00:09:20,600
Speaker 6: the big nut. The big nut here, Steve, is that

120
00:09:20,800 --> 00:09:23,840
Speaker 6: we're to be cutting less than ten percent of our

121
00:09:23,960 --> 00:09:27,880
Speaker 6: annual structural deficit of as you say, two point twenty

122
00:09:27,920 --> 00:09:31,200
Speaker 6: five trillion dollars. You'll be cutting somewhere in the neighborhood

123
00:09:31,360 --> 00:09:34,920
Speaker 6: of about one hundred and forty billion dollars. So your

124
00:09:34,920 --> 00:09:38,920
Speaker 6: deficit will continue to grow and exist. And the other

125
00:09:39,000 --> 00:09:41,680
Speaker 6: part is in ten years from now, you'll be sitting

126
00:09:41,720 --> 00:09:46,760
Speaker 6: at sixty trillion dollars in national debt unless you do

127
00:09:46,840 --> 00:09:50,280
Speaker 6: more than what we're doing what's been proposed, and at

128
00:09:50,280 --> 00:09:57,559
Speaker 6: that sixty trillion dollars. That doesn't include any kind of wildfires, catastrophes, hurricanes,

129
00:09:57,720 --> 00:10:02,559
Speaker 6: flooding that'll need supplementals. It doesn't include any military action

130
00:10:02,800 --> 00:10:06,120
Speaker 6: or wars that get in there. It doesn't include spikes

131
00:10:06,120 --> 00:10:08,760
Speaker 6: and interest rates. And also a lot of people aren't

132
00:10:08,760 --> 00:10:11,679
Speaker 6: talking about this. It also makes assumptions on the growth

133
00:10:11,800 --> 00:10:15,040
Speaker 6: rate of the GDP. So while we want to get

134
00:10:15,080 --> 00:10:17,280
Speaker 6: this done and we want it to be nice and

135
00:10:17,280 --> 00:10:20,720
Speaker 6: big and beautiful, and there's some great things in this bill,

136
00:10:21,120 --> 00:10:25,320
Speaker 6: and there's some nods in the right direction, is you

137
00:10:25,480 --> 00:10:28,839
Speaker 6: still end up in a very untenable situation ten years.

138
00:10:29,160 --> 00:10:32,000
Speaker 2: Look, I love Hally and Johnson. They're great guys, but

139
00:10:32,040 --> 00:10:35,120
Speaker 2: Hawley's the lone populace and Johnson's like a former business guy,

140
00:10:35,400 --> 00:10:37,800
Speaker 2: talks like an entrepreneur. We love him, but they're not

141
00:10:37,880 --> 00:10:40,000
Speaker 2: exactly and they would admit they don't have a lot

142
00:10:40,000 --> 00:10:43,439
Speaker 2: of stroke in the Senate. You and you're certainly you're

143
00:10:43,520 --> 00:10:46,880
Speaker 2: leaving here shortly to go run for governor Arizona, and

144
00:10:46,920 --> 00:10:50,160
Speaker 2: you're like the leader of the deficit hawks. This is

145
00:10:50,240 --> 00:10:53,200
Speaker 2: like the last hurrah for Andy Biggs. When are we

146
00:10:53,240 --> 00:10:55,920
Speaker 2: going to start feeling that there's some organized effort here

147
00:10:56,120 --> 00:10:59,679
Speaker 2: of smart people that understand this deficit, because correct me

148
00:10:59,760 --> 00:11:03,000
Speaker 2: from wrong the whole purpose. And this is Besson's plan,

149
00:11:03,120 --> 00:11:05,199
Speaker 2: which he sold in the campaign. He sold and makes

150
00:11:05,240 --> 00:11:09,000
Speaker 2: himself sexual treasury. It's Trump's plan. It's brilliant. Take the

151
00:11:09,640 --> 00:11:11,960
Speaker 2: percentage of from six and a half or seven percent,

152
00:11:12,040 --> 00:11:15,600
Speaker 2: which is not sustainable, take it down fairly rapidly to

153
00:11:15,640 --> 00:11:17,760
Speaker 2: three and a half percent, which we don't love. But

154
00:11:17,800 --> 00:11:19,320
Speaker 2: he says, you're never going to get to balance. But

155
00:11:19,360 --> 00:11:22,960
Speaker 2: we can live with that. I can finance that this program,

156
00:11:23,200 --> 00:11:25,319
Speaker 2: and let's talk by the growth rates. I don't see

157
00:11:25,400 --> 00:11:27,719
Speaker 2: us even making a dent in that. I still think

158
00:11:27,760 --> 00:11:31,720
Speaker 2: we're back up north of five percent, six percent, a

159
00:11:31,760 --> 00:11:34,280
Speaker 2: percentage when you talk about real spending, not the gimmicks

160
00:11:34,280 --> 00:11:37,040
Speaker 2: that are in there. You talk about that. So this

161
00:11:37,160 --> 00:11:40,960
Speaker 2: doesn't execute on the president's principal plan to get the

162
00:11:40,960 --> 00:11:45,440
Speaker 2: country's finances in order. Andy bigs your thoughts. Yeah, I

163
00:11:45,440 --> 00:11:46,240
Speaker 2: think that's right.

164
00:11:47,000 --> 00:11:50,800
Speaker 6: I think President Trump is really emphasized the tax plane.

165
00:11:50,840 --> 00:11:53,640
Speaker 6: So you got the tax plan, but you got you know,

166
00:11:53,679 --> 00:11:55,960
Speaker 6: some of that needs to be paid for, right, I mean,

167
00:11:56,880 --> 00:11:59,240
Speaker 6: and how do you pay for it, because some of

168
00:11:59,280 --> 00:12:03,320
Speaker 6: it is straight up and by the way, I love

169
00:12:03,440 --> 00:12:06,720
Speaker 6: the tax the tax plan, but some of it just

170
00:12:07,520 --> 00:12:09,960
Speaker 6: you're not actually you got to have some money to

171
00:12:10,000 --> 00:12:12,880
Speaker 6: pay for it somehow, and you should be using trade

172
00:12:12,920 --> 00:12:16,320
Speaker 6: offs in other areas. I mean, so last week, my

173
00:12:16,440 --> 00:12:18,320
Speaker 6: understanding is last week we were going to vote on

174
00:12:18,360 --> 00:12:21,079
Speaker 6: some bills that would codify the Doge cuts, but we

175
00:12:21,200 --> 00:12:23,319
Speaker 6: ended up not voting on them. Now, why is that, Steve.

176
00:12:23,320 --> 00:12:25,439
Speaker 6: It's because we have people in this body that won't

177
00:12:25,480 --> 00:12:29,160
Speaker 6: do it. And so when we start talking about medicaid,

178
00:12:30,360 --> 00:12:34,800
Speaker 6: Medicaid is really important because you have two basic fundamental groups.

179
00:12:34,840 --> 00:12:37,000
Speaker 6: You have the original Medicaid, which is to take care

180
00:12:37,040 --> 00:12:41,480
Speaker 6: of the disabled, the elderly, pregnant women and children indigen children.

181
00:12:41,559 --> 00:12:45,240
Speaker 6: Right then you had the Obamacare side of it, which

182
00:12:45,280 --> 00:12:48,360
Speaker 6: was the expansion population, which is the able bodied adults.

183
00:12:48,760 --> 00:12:50,880
Speaker 6: And then you have the matching rates that are very different.

184
00:12:50,920 --> 00:12:54,880
Speaker 6: You don't have work requirements. This bill has very modest

185
00:12:54,880 --> 00:12:57,920
Speaker 6: work requirements twenty hours a week. Come on, Steve, I mean,

186
00:12:57,960 --> 00:13:02,199
Speaker 6: that's just crazy. To get all your medical care if

187
00:13:02,200 --> 00:13:06,560
Speaker 6: you're a n able bodied adult. There are some states

188
00:13:06,559 --> 00:13:09,560
Speaker 6: that are reimbursing at Medicaid rates that are multiple times

189
00:13:09,679 --> 00:13:11,480
Speaker 6: medicare reimbursement rates.

190
00:13:11,760 --> 00:13:12,800
Speaker 5: Why are those different?

191
00:13:13,120 --> 00:13:17,160
Speaker 6: Well, the number one growing area is the Medicaid and

192
00:13:17,280 --> 00:13:20,240
Speaker 6: that is our biggest growing program and our biggest growing

193
00:13:21,480 --> 00:13:24,120
Speaker 6: financial danger that we have.

194
00:13:24,240 --> 00:13:26,840
Speaker 4: So you've got to You've got a whole host of things.

195
00:13:26,840 --> 00:13:28,800
Speaker 6: Why are we Why are Republicans now?

196
00:13:28,840 --> 00:13:28,960
Speaker 2: Who?

197
00:13:29,320 --> 00:13:29,520
Speaker 5: Who?

198
00:13:29,520 --> 00:13:33,000
Speaker 6: When I first ran nine years ago, we were running

199
00:13:33,000 --> 00:13:37,199
Speaker 6: on the notion of eliminating Obamacare, and now we're basically

200
00:13:37,800 --> 00:13:39,840
Speaker 6: embracing Obamacare.

201
00:13:39,160 --> 00:13:43,040
Speaker 2: Because of Medicaid's let's can you can you hang through

202
00:13:43,040 --> 00:13:44,600
Speaker 2: the break? I think we have a few. We have

203
00:13:44,679 --> 00:13:46,920
Speaker 2: you for a few more minutes after a break, Okay,

204
00:13:47,679 --> 00:13:51,959
Speaker 2: I got Andy Biggs, Jim Rickards gonna explain what's happening

205
00:13:52,080 --> 00:13:56,439
Speaker 2: in the golf right now. A lot going on, not

206
00:13:56,520 --> 00:13:59,240
Speaker 2: just Patrick. Also President Trump's going to address these business

207
00:13:59,600 --> 00:14:01,760
Speaker 2: leaders and they're all over there. Cawtwing to it and

208
00:14:01,800 --> 00:14:05,600
Speaker 2: Larry Fink Schwartzman the whole pack. Kat's mateitis. It's a

209
00:14:05,760 --> 00:14:10,560
Speaker 2: it's a it's quite a collection, right, Brad uh, Brat's

210
00:14:10,600 --> 00:14:16,720
Speaker 2: here with charts. Brat's got charts. I would say to

211
00:14:16,720 --> 00:14:18,680
Speaker 2: Andy Biggs, I think it is because we don't have

212
00:14:18,760 --> 00:14:20,720
Speaker 2: great jobs, and that's why it's a lot of magas

213
00:14:20,800 --> 00:14:24,320
Speaker 2: on Medicaid. Agree able bodies. An able body seemen will

214
00:14:24,400 --> 00:14:28,560
Speaker 2: be putting in I don't know, forty sixty hours. If

215
00:14:28,560 --> 00:14:30,440
Speaker 2: it's a month, they'd just rack it up. You can't

216
00:14:30,480 --> 00:14:32,360
Speaker 2: get it. If you're able body, you got to show

217
00:14:32,400 --> 00:14:34,200
Speaker 2: that you u that you've got work required at the

218
00:14:34,240 --> 00:14:36,720
Speaker 2: minimum anywhere. We'll get to all of this. Uh, the

219
00:14:36,760 --> 00:14:42,040
Speaker 2: big beautiful bill gotta have cuts. We're gonna ask Andy

220
00:14:42,040 --> 00:14:45,040
Speaker 2: Biggs why the DOGE cuts have not been codified? First

221
00:14:45,040 --> 00:14:46,360
Speaker 2: of all, we want to know what the numbers are.

222
00:14:46,920 --> 00:14:49,280
Speaker 2: Number two, why didn't people step up and codified in

223
00:14:49,360 --> 00:14:50,720
Speaker 2: the war room? Short Break.

224
00:14:57,120 --> 00:15:03,080
Speaker 4: America, use your host Stephen k Back.

225
00:15:05,640 --> 00:15:07,800
Speaker 2: Andy Biggs is with US Jim Records with his day

226
00:15:07,800 --> 00:15:10,040
Speaker 2: Brett with US Congress from big First off, when you

227
00:15:10,080 --> 00:15:14,200
Speaker 2: go about pre twenty nineteen, or get the pre pandemic budget,

228
00:15:14,720 --> 00:15:17,840
Speaker 2: with the revenues we got coming in, we could sort

229
00:15:17,880 --> 00:15:20,320
Speaker 2: this thing out. We would be back in something we

230
00:15:20,440 --> 00:15:23,800
Speaker 2: go level set and make this you know, get our arms.

231
00:15:24,080 --> 00:15:27,040
Speaker 2: What is the problem with going back to the pre

232
00:15:27,240 --> 00:15:28,680
Speaker 2: pandemic numbers? Sir?

233
00:15:30,640 --> 00:15:33,760
Speaker 6: All these constituencies that happen every time that the federal

234
00:15:33,800 --> 00:15:38,240
Speaker 6: government spends money. They're fighting it, and many of my

235
00:15:38,320 --> 00:15:44,040
Speaker 6: colleagues get very nervous about that. Now I'm advocating, I'm

236
00:15:44,080 --> 00:15:49,080
Speaker 6: not touching the you know, like traditional medicaid population or

237
00:15:49,120 --> 00:15:53,240
Speaker 6: even even no benefits in Medicaid whatsoever, because we're including

238
00:15:53,320 --> 00:15:56,400
Speaker 6: inflation that that's happened. I mean, you got to have

239
00:15:56,520 --> 00:15:59,320
Speaker 6: acknowledge that. But that doesn't mean that you can't take

240
00:15:59,440 --> 00:16:05,880
Speaker 6: down set some other areas within the spending spree. Because

241
00:16:05,920 --> 00:16:08,440
Speaker 6: if you take that down, that wipes out, that wipes

242
00:16:08,480 --> 00:16:11,160
Speaker 6: out about one and a half trillion dollars just like that,

243
00:16:12,520 --> 00:16:15,080
Speaker 6: and then you have the additional things that were that

244
00:16:15,120 --> 00:16:18,840
Speaker 6: are being proposed. You have massive amounts of fraud and

245
00:16:18,920 --> 00:16:23,160
Speaker 6: waste and duplication in every program, every pro Okay.

246
00:16:22,920 --> 00:16:25,960
Speaker 2: Hang on, full stop, full stop, full stop. I want

247
00:16:26,000 --> 00:16:27,480
Speaker 2: to go back to DOGE because this is my big

248
00:16:27,560 --> 00:16:29,240
Speaker 2: problem with ELIN when they came in, because it was

249
00:16:29,240 --> 00:16:30,760
Speaker 2: like a magic wand we're going to find a tree,

250
00:16:30,760 --> 00:16:33,600
Speaker 2: and we're gonna find this of the codification on the

251
00:16:33,600 --> 00:16:35,720
Speaker 2: DOGE cuts because I'm sitting there going Medicaid in the

252
00:16:35,760 --> 00:16:39,840
Speaker 2: Defense Department. Come on, man, that's fraud central. Let's go back.

253
00:16:40,000 --> 00:16:41,760
Speaker 2: You say they were going to codify they were going

254
00:16:41,840 --> 00:16:44,280
Speaker 2: to codify the DOGE cuts, and I don't want the

255
00:16:44,320 --> 00:16:49,160
Speaker 2: programmatic cuts, but fraud, waste and abuse not not Usaid,

256
00:16:49,400 --> 00:16:52,840
Speaker 2: not Department of Education. We understand that right that that's

257
00:16:52,920 --> 00:16:55,720
Speaker 2: that's coming programmatically. But when you talk about waste, fraud

258
00:16:55,720 --> 00:16:58,000
Speaker 2: and abuse, the treeion dollars that we're supposed to find,

259
00:16:58,760 --> 00:17:01,840
Speaker 2: how much have you said? Actually, because I keep asking

260
00:17:01,880 --> 00:17:04,000
Speaker 2: and I don't get a firm number from anybody. So

261
00:17:04,320 --> 00:17:07,639
Speaker 2: when you say codification of DOGE cuts last week, what

262
00:17:07,760 --> 00:17:10,879
Speaker 2: were you trying to codify USAID and the programmatic stuff

263
00:17:10,920 --> 00:17:15,000
Speaker 2: out of education or actually like fraud from medicaid?

264
00:17:16,040 --> 00:17:19,320
Speaker 6: It was it was gonna be largely what you described

265
00:17:19,359 --> 00:17:24,200
Speaker 6: as programmatic. We're talking USAID other programs that are duplicative, wasteful.

266
00:17:23,800 --> 00:17:26,040
Speaker 2: Full full stop, full stop, full stop, full stop. I

267
00:17:26,119 --> 00:17:28,359
Speaker 2: got that. I'm glad they sent the kids over and

268
00:17:28,400 --> 00:17:30,800
Speaker 2: they were like a hammer. But you know, Eli Crane

269
00:17:31,000 --> 00:17:33,520
Speaker 2: and MTG and Andy Biggs, you know, two year and

270
00:17:33,520 --> 00:17:36,240
Speaker 2: twenty three, in the fricking middle of the summer, at

271
00:17:36,280 --> 00:17:38,240
Speaker 2: two o'clock in the morning, you guys are up there

272
00:17:38,840 --> 00:17:41,560
Speaker 2: on the house floor arguing at you know, and trying

273
00:17:41,600 --> 00:17:43,640
Speaker 2: to get these cuts. This has all been identified. I'm

274
00:17:43,640 --> 00:17:46,040
Speaker 2: glad Elon came in as an auxiliary force to do it.

275
00:17:46,560 --> 00:17:49,000
Speaker 2: But that's something we knew about and something's got to

276
00:17:49,040 --> 00:17:52,040
Speaker 2: be done and must be done. But that's programmatic. Why

277
00:17:52,480 --> 00:17:57,480
Speaker 2: this is my question, why have we not found actual fraud?

278
00:17:57,800 --> 00:17:59,840
Speaker 2: Not a train does a couple of hundred billion dollars?

279
00:18:00,040 --> 00:18:00,639
Speaker 2: Where is that?

280
00:18:03,840 --> 00:18:07,640
Speaker 6: If they have found it, they haven't given me the receipts. Okay,

281
00:18:08,200 --> 00:18:10,760
Speaker 6: that's my that's I'm where you are. It's like, okay,

282
00:18:10,800 --> 00:18:13,800
Speaker 6: I keep hearing these numbers. Where are the receipts. I've

283
00:18:13,800 --> 00:18:18,199
Speaker 6: got to prove it, because it isn't just about if

284
00:18:18,200 --> 00:18:22,640
Speaker 6: it's fraud. It isn't just about Steve cutting that wasteful

285
00:18:22,680 --> 00:18:26,639
Speaker 6: spending out. It's about prosecuting people. So if you have,

286
00:18:27,920 --> 00:18:32,359
Speaker 6: if you have people that have fraudulently sent in social

287
00:18:32,400 --> 00:18:35,920
Speaker 6: Security numbers. By the way, yes, I can just tell

288
00:18:35,960 --> 00:18:41,360
Speaker 6: you that under previous programs before, under Obama, for instance,

289
00:18:41,640 --> 00:18:46,600
Speaker 6: you could go to these child tax credits and you

290
00:18:46,640 --> 00:18:51,760
Speaker 6: could actually find literally where hundreds and hundreds and thousands

291
00:18:51,880 --> 00:18:57,399
Speaker 6: of illegal aliens were getting those benefits using loopholes in

292
00:18:57,440 --> 00:19:00,320
Speaker 6: our law. But they were fraudulent, and there were there

293
00:19:00,359 --> 00:19:02,520
Speaker 6: were accountants that actually and this is what I mean

294
00:19:02,560 --> 00:19:05,160
Speaker 6: when you get to the fraud, they were actually prosecuted

295
00:19:05,480 --> 00:19:07,440
Speaker 6: for filing those false claims.

296
00:19:07,920 --> 00:19:08,639
Speaker 2: And that's it.

297
00:19:09,320 --> 00:19:12,800
Speaker 6: And that's that's when I say, show me the receipts,

298
00:19:13,119 --> 00:19:17,400
Speaker 6: because then I'll know how much is there. I want

299
00:19:17,400 --> 00:19:20,639
Speaker 6: to know who we're prosecuting or who we're investigating.

300
00:19:20,680 --> 00:19:24,720
Speaker 5: At least we're investigating. And if we have that, and.

301
00:19:24,720 --> 00:19:27,240
Speaker 6: Then I can, then I can then I can get

302
00:19:27,240 --> 00:19:28,920
Speaker 6: a number. But right now I have no number.

303
00:19:30,000 --> 00:19:32,199
Speaker 2: Okay, by the way, on the codification, i'd like to

304
00:19:32,240 --> 00:19:34,320
Speaker 2: do that in the approporations parts anyway, But that's I'll

305
00:19:34,320 --> 00:19:35,719
Speaker 2: talk to you about that later. I'm going to go to

306
00:19:35,720 --> 00:19:38,880
Speaker 2: two things. Number one, Medicaid. We talked about expansion. Here's

307
00:19:38,920 --> 00:19:41,359
Speaker 2: the problem. We've shipped all the great jobs over so

308
00:19:41,440 --> 00:19:45,080
Speaker 2: you get maga. I mean in Arizona, I think there's

309
00:19:45,119 --> 00:19:47,520
Speaker 2: a ton of maga that are kind of working class.

310
00:19:48,000 --> 00:19:50,480
Speaker 2: That the way they make it meat is they're using

311
00:19:50,680 --> 00:19:53,600
Speaker 2: medicaid to have babies and and to meet medical am

312
00:19:53,600 --> 00:19:57,159
Speaker 2: I am I because medicaid is not this is urban

313
00:19:57,400 --> 00:20:00,439
Speaker 2: you know legend anymore. It's it's it's actually actually out

314
00:20:00,480 --> 00:20:03,280
Speaker 2: there in that the Medicaid expansion, don't we have Josh

315
00:20:03,359 --> 00:20:05,639
Speaker 2: Hawley write that we're going to have to deal with

316
00:20:05,640 --> 00:20:08,760
Speaker 2: this and begs, you're the biggest deficit hawk. I know,

317
00:20:09,000 --> 00:20:11,959
Speaker 2: So what your people will listen to you about your solution?

318
00:20:12,960 --> 00:20:14,520
Speaker 4: Yeah, So here, here's the deal.

319
00:20:15,520 --> 00:20:20,480
Speaker 6: If you're working eligible the expansion population, there's one hundred

320
00:20:20,520 --> 00:20:24,480
Speaker 6: thousand people on the expansion population in Arizona, one hundred thousand.

321
00:20:25,280 --> 00:20:28,119
Speaker 6: There's more than two million people in Arizona now, Steve,

322
00:20:28,119 --> 00:20:30,000
Speaker 6: we have a population of seven million in Arizona.

323
00:20:30,040 --> 00:20:30,600
Speaker 5: There's more than.

324
00:20:30,600 --> 00:20:34,919
Speaker 6: Two million people that are on what's called Medicaid. We

325
00:20:34,960 --> 00:20:38,240
Speaker 6: call it access in Arizona, whether it's expansion or the traditional.

326
00:20:38,720 --> 00:20:42,600
Speaker 6: We spend from all sources more than twenty billion dollars

327
00:20:42,600 --> 00:20:45,320
Speaker 6: a year, and that means for every man, woman, and

328
00:20:45,400 --> 00:20:51,679
Speaker 6: child in Arizona, we allocate essentially three thousand dollars. You

329
00:20:52,160 --> 00:20:57,040
Speaker 6: are helping pay three thousand dollars for the two million

330
00:20:57,040 --> 00:21:01,440
Speaker 6: plus on Medicaid in Arizona. Interesting thing for me, and

331
00:21:01,440 --> 00:21:08,040
Speaker 6: and the other thing is there's if folks were on

332
00:21:08,080 --> 00:21:13,440
Speaker 6: the expansion population and they're capable of working, they're also

333
00:21:13,520 --> 00:21:17,679
Speaker 6: capable of getting on the ACA's silver plan at the

334
00:21:17,680 --> 00:21:22,240
Speaker 6: lowest plan, and so they're not going to be without care.

335
00:21:22,720 --> 00:21:24,640
Speaker 6: The question is, how are you going to fund that care?

336
00:21:24,640 --> 00:21:25,840
Speaker 6: How are you going to pay for that care?

337
00:21:27,040 --> 00:21:30,359
Speaker 2: Well, the state can't do it. You're gonna be governor,

338
00:21:30,480 --> 00:21:34,040
Speaker 2: because this is my point. You're going to be governor.

339
00:21:34,320 --> 00:21:37,560
Speaker 2: Governor beggs, you go, what do you think this is?

340
00:21:37,560 --> 00:21:39,040
Speaker 2: Isn't this kind of the thing? Hey, we want to

341
00:21:39,000 --> 00:21:40,840
Speaker 2: double it back to the states. But the reality is,

342
00:21:41,400 --> 00:21:44,200
Speaker 2: and these are and I'm saying worker grammars should be tough.

343
00:21:44,240 --> 00:21:46,280
Speaker 2: There should be not one illegal alien on this. I

344
00:21:46,320 --> 00:21:49,399
Speaker 2: heard there's still that problem. But how do you do it?

345
00:21:49,520 --> 00:21:51,000
Speaker 2: How do you do it? How do you do it

346
00:21:51,040 --> 00:21:53,440
Speaker 2: and make sure working class people got a shot here?

347
00:21:55,359 --> 00:21:57,280
Speaker 5: Well, you have to.

348
00:21:57,480 --> 00:21:59,920
Speaker 6: You have to do a number of things in one

349
00:22:00,119 --> 00:22:03,640
Speaker 6: not the least of which is refine the medical care. Now,

350
00:22:03,720 --> 00:22:07,359
Speaker 6: when we start talking about fraud in medicaid, I'm going

351
00:22:07,440 --> 00:22:10,040
Speaker 6: to tell you that we have found providers that are

352
00:22:10,240 --> 00:22:10,960
Speaker 6: defrauding the.

353
00:22:10,920 --> 00:22:13,440
Speaker 4: Federal government in order to get higher REMOCE.

354
00:22:14,280 --> 00:22:17,560
Speaker 6: That's real and so h So you're gonna have to

355
00:22:17,640 --> 00:22:19,359
Speaker 6: do that in Arizona. So you're gonna have to basically

356
00:22:19,440 --> 00:22:22,879
Speaker 6: do a doze on that in Arizona and actually prosecute.

357
00:22:22,920 --> 00:22:25,760
Speaker 6: You're going to actually get reimbursements in those This is why.

358
00:22:25,600 --> 00:22:27,080
Speaker 2: I want to see the dose in I want to

359
00:22:27,080 --> 00:22:29,120
Speaker 2: see the dose at the federal level. Anyway, we'll get

360
00:22:29,119 --> 00:22:30,639
Speaker 2: to the last thing because I got to. I know,

361
00:22:30,640 --> 00:22:34,080
Speaker 2: you get a punch on the tax bill. What I look,

362
00:22:34,440 --> 00:22:36,720
Speaker 2: I'm all for the upper bracket. Somebody's got to pay

363
00:22:36,720 --> 00:22:39,119
Speaker 2: this and not have carried interest as a slap in

364
00:22:39,119 --> 00:22:42,159
Speaker 2: the face to working class people. It's outrageous. But the

365
00:22:42,280 --> 00:22:44,960
Speaker 2: business cuts are not permanent. They're just going to be

366
00:22:44,960 --> 00:22:47,000
Speaker 2: with us for a couple of years. Isn't important to

367
00:22:47,000 --> 00:22:48,639
Speaker 2: get if we're going to do the you know, the

368
00:22:48,800 --> 00:22:53,040
Speaker 2: advanced rite offs of of of capital expenditures of R

369
00:22:53,080 --> 00:22:56,480
Speaker 2: and D, which we want particularly help entrepreneurs, don't we

370
00:22:56,520 --> 00:22:58,920
Speaker 2: want to make those permanent. They're just kind of thrown

371
00:22:58,920 --> 00:23:04,159
Speaker 2: in there and as soon as Trump's gone, they're gone. Sir. Yeah,

372
00:23:04,200 --> 00:23:05,000
Speaker 2: you do want to make that.

373
00:23:05,040 --> 00:23:09,040
Speaker 6: I mean, because an entrepreneur will adjust to the field

374
00:23:09,080 --> 00:23:09,600
Speaker 6: of play.

375
00:23:10,000 --> 00:23:10,760
Speaker 5: They always do.

376
00:23:11,600 --> 00:23:14,200
Speaker 6: But what you want to do is give them predictability.

377
00:23:14,240 --> 00:23:17,080
Speaker 6: If you don't give them predictability, they get skiddish and

378
00:23:17,119 --> 00:23:20,640
Speaker 6: they withhold capital investment. And that's really what you're trying

379
00:23:20,640 --> 00:23:25,399
Speaker 6: to do, because capital investment creates jobs, they expand the employment,

380
00:23:25,440 --> 00:23:29,640
Speaker 6: they expand the economy, and so these are good, these

381
00:23:29,680 --> 00:23:32,600
Speaker 6: are good provisions there. They just need to be lengthened out.

382
00:23:32,600 --> 00:23:35,239
Speaker 6: But the problem is, Steve, somebody's got to pay for him,

383
00:23:35,960 --> 00:23:38,040
Speaker 6: so we u The other thing is when we start

384
00:23:38,200 --> 00:23:42,040
Speaker 6: making the reductions like we're doing for middle class folks

385
00:23:42,480 --> 00:23:46,320
Speaker 6: in multiple areas and senior citizens and all that, there

386
00:23:46,320 --> 00:23:50,080
Speaker 6: won't be capital investment because of that. So you have

387
00:23:50,160 --> 00:23:53,960
Speaker 6: to just say that's foregone investment that's not coming in.

388
00:23:55,119 --> 00:23:56,920
Speaker 6: But you have to you're going to have to deal

389
00:23:56,920 --> 00:23:59,439
Speaker 6: with that in Arizona. What what What's going to have

390
00:23:59,520 --> 00:24:03,240
Speaker 6: to take place, Steve is We're going to have to

391
00:24:03,480 --> 00:24:07,240
Speaker 6: acknowledge that Arizona needs to open up its natural resources

392
00:24:07,240 --> 00:24:12,480
Speaker 6: because it's got incredible minerals, including critical minerals. And if

393
00:24:12,480 --> 00:24:15,280
Speaker 6: we can open those up, we can we can survive

394
00:24:15,400 --> 00:24:18,560
Speaker 6: on the extraction fees that the same that you see

395
00:24:18,600 --> 00:24:21,760
Speaker 6: from places that like Texas or North Dakota where they

396
00:24:21,760 --> 00:24:26,800
Speaker 6: had the those fees for exploration and uh taking out

397
00:24:26,880 --> 00:24:27,600
Speaker 6: oil and gas.

398
00:24:27,640 --> 00:24:30,359
Speaker 2: We can do the same in Arizona. So condors and

399
00:24:30,359 --> 00:24:32,520
Speaker 2: big people are looking at you this next couple of

400
00:24:32,520 --> 00:24:35,080
Speaker 2: weeks and it's going to be the grinder to go through.

401
00:24:35,119 --> 00:24:37,159
Speaker 2: So what's your social media? Where do people go? We

402
00:24:37,240 --> 00:24:38,200
Speaker 2: look forward to having you back.

403
00:24:39,720 --> 00:24:42,679
Speaker 4: I go to aasy uh.

404
00:24:43,359 --> 00:24:48,159
Speaker 6: Rep Bandy bigs Azy, that's it. Rep Bandy BIG's acy, gotcha.

405
00:24:48,200 --> 00:24:49,480
Speaker 6: I never go there myself.

406
00:24:49,520 --> 00:24:53,879
Speaker 2: Steve, Well, we need people, we need we need tons

407
00:24:53,880 --> 00:24:56,880
Speaker 2: of people to go there because you're you're absolutely you're

408
00:24:56,920 --> 00:24:59,800
Speaker 2: absolutely cent for this. So we uh we appreciate you, sir.

409
00:25:00,560 --> 00:25:01,760
Speaker 5: Thanks Steve taking care Man.

410
00:25:03,000 --> 00:25:09,720
Speaker 2: Congressman Andy Biggs. Congressman Biggs. Capital investment leads to jobs.

411
00:25:10,720 --> 00:25:14,240
Speaker 2: President Trump is over there and it's national security. Normally

412
00:25:14,280 --> 00:25:15,800
Speaker 2: you always go over there. We started the first trip

413
00:25:15,880 --> 00:25:20,000
Speaker 2: is all national security. Right now, this is all about

414
00:25:20,520 --> 00:25:24,280
Speaker 2: capital investment leads to jobs. The biggest players in the

415
00:25:24,280 --> 00:25:29,399
Speaker 2: world are there, with the Emirades, the Saudis. It's quite

416
00:25:29,600 --> 00:25:34,280
Speaker 2: a quite a group. Jim Rickards, who's a specialist, understands

417
00:25:34,400 --> 00:25:37,600
Speaker 2: this neighborhood perfectly, is going to join us here. In

418
00:25:37,600 --> 00:25:39,720
Speaker 2: a moment. We're gonna take a short commercial ring mount Now.

419
00:25:40,119 --> 00:25:43,560
Speaker 2: You need since all the forecasts, except that the war

420
00:25:43,680 --> 00:25:46,840
Speaker 2: room have been wrong by all the mainstream media and

421
00:25:46,920 --> 00:25:50,639
Speaker 2: the business press. Remember the sky's not falling. Remember in

422
00:25:50,680 --> 00:25:53,720
Speaker 2: mid April. It's the worst stock market in April. And

423
00:25:53,760 --> 00:25:57,200
Speaker 2: the histories is nineteen twenty nine, nineteen thirty two wrong.

424
00:25:58,760 --> 00:26:00,280
Speaker 2: And we'll talk about that. By the way, we gonna

425
00:26:00,280 --> 00:26:02,920
Speaker 2: get the reshoring our reshoring guy on if not this

426
00:26:03,000 --> 00:26:05,679
Speaker 2: morning and we can't do it this afternoon, and I'm

427
00:26:05,680 --> 00:26:09,679
Speaker 2: gonna have Elight Crane and Burkett, both Burchett on UH

428
00:26:09,840 --> 00:26:12,320
Speaker 2: and the six o'clock hour to talk about what's going on.

429
00:26:13,640 --> 00:26:17,280
Speaker 2: Capital investment leads to jobs. That's why President Donald John

430
00:26:17,280 --> 00:26:21,240
Speaker 2: Trump is getting the royal treatment in Saudi Arabia. Today

431
00:26:21,359 --> 00:26:24,240
Speaker 2: in Riod, Jim Rickards is going to join us birch

432
00:26:24,280 --> 00:26:27,160
Speaker 2: Gold dot com. End of the Dollar Empire. The Rio

433
00:26:27,320 --> 00:26:31,359
Speaker 2: Reset July sixth is the road to Rio every day

434
00:26:31,440 --> 00:26:34,720
Speaker 2: to talk about what the bricks nations. Remember she and

435
00:26:35,359 --> 00:26:38,200
Speaker 2: she and Putin were like two high school kids, two

436
00:26:38,240 --> 00:26:41,120
Speaker 2: sixteen year olds on their first date last week in Moscow.

437
00:26:41,920 --> 00:26:45,000
Speaker 2: Guess where she Guess who she's having as a guest

438
00:26:45,000 --> 00:26:47,800
Speaker 2: today in Beijing. If you said Lula of Brazil, you

439
00:26:47,840 --> 00:26:51,840
Speaker 2: would be right, bricks that Bannon. Okay, short break Jim

440
00:26:51,920 --> 00:26:52,760
Speaker 2: Rickards on the other.

441
00:26:52,680 --> 00:27:02,399
Speaker 4: Side, confuse your host, Stephen k.

442
00:27:07,000 --> 00:27:09,720
Speaker 2: Okay, jimber By the way, we may cut to President

443
00:27:09,760 --> 00:27:13,280
Speaker 2: TRUMPETSUSI starts speaking at this conference of extream or we

444
00:27:13,400 --> 00:27:16,920
Speaker 2: go live. Jimber consjoins us. Jim, I got a lot

445
00:27:16,960 --> 00:27:21,159
Speaker 2: of questions after Biggs's discussion here, but I want to

446
00:27:21,200 --> 00:27:24,239
Speaker 2: go back to capital investment leads to jobs. Why is

447
00:27:24,240 --> 00:27:27,960
Speaker 2: the president of United States being fedied like a royalty

448
00:27:28,480 --> 00:27:30,919
Speaker 2: in the even more so than it looks like a

449
00:27:30,960 --> 00:27:33,320
Speaker 2: traditional president in the Middle East right now in the

450
00:27:33,400 --> 00:27:34,680
Speaker 2: Kingdom of Saudi Arabia.

451
00:27:34,760 --> 00:27:38,880
Speaker 5: Sir, Well, it's a two way relationship, Steeve. Of course

452
00:27:38,920 --> 00:27:41,960
Speaker 5: they're you know, they're fed in and FMSNBC wants to

453
00:27:41,960 --> 00:27:43,000
Speaker 5: say they're sucking up to him.

454
00:27:43,040 --> 00:27:43,240
Speaker 4: Whatever.

455
00:27:43,280 --> 00:27:45,480
Speaker 5: It's just a sign of respect. I would leave it

456
00:27:45,480 --> 00:27:47,800
Speaker 5: at that, but it's a two way relationship. It's a

457
00:27:47,800 --> 00:27:51,280
Speaker 5: good time to remember the Petro Dollar Court, which is

458
00:27:51,280 --> 00:27:53,520
Speaker 5: still in place. It was put in place in nineteen

459
00:27:53,560 --> 00:27:56,080
Speaker 5: seventy four, but it's still active today. And I was

460
00:27:56,119 --> 00:27:58,679
Speaker 5: actually part of the team that put that together. We

461
00:27:58,720 --> 00:28:01,520
Speaker 5: had a carrot and a stick approach, so The carrot

462
00:28:02,000 --> 00:28:04,880
Speaker 5: was Bill Simon, who was Secretary of the Treasury Jerry Parski,

463
00:28:05,160 --> 00:28:07,680
Speaker 5: and they went to the Sardis and they said, look,

464
00:28:07,880 --> 00:28:10,520
Speaker 5: everybody in the world needs oil. So if you price

465
00:28:10,600 --> 00:28:13,879
Speaker 5: oil in dollars, everybody needs dollars because they got to

466
00:28:13,880 --> 00:28:16,840
Speaker 5: buy the oil. And that basically underpins the role of

467
00:28:16,880 --> 00:28:19,000
Speaker 5: the dollars the global reserve country. There's more too over

468
00:28:19,480 --> 00:28:21,120
Speaker 5: that's the key thing. And by the way, stories when

469
00:28:21,160 --> 00:28:24,119
Speaker 5: you get your dollars for the oil, deposit them in

470
00:28:24,160 --> 00:28:28,840
Speaker 5: the US banks General Tax Council of the City Bank actually,

471
00:28:29,040 --> 00:28:30,920
Speaker 5: and the banks will lend it to South America and

472
00:28:30,920 --> 00:28:33,600
Speaker 5: they'll buy our stuff. We'll get the whole economy out

473
00:28:33,600 --> 00:28:35,480
Speaker 5: of the ditch, which he was in nineteen seventy four.

474
00:28:35,720 --> 00:28:37,840
Speaker 5: So that was the carrot. But there was a stick.

475
00:28:38,200 --> 00:28:40,560
Speaker 5: And I worked with Helmut Sandefeld, who was the Deputy

476
00:28:40,640 --> 00:28:43,640
Speaker 5: National Security Advisor in the White House under Henry Kissinger,

477
00:28:44,200 --> 00:28:46,320
Speaker 5: and the stick was, if you don't do it, we're

478
00:28:46,320 --> 00:28:48,960
Speaker 5: going to invade Saudi Arabia. Not the whole place, it's

479
00:28:48,960 --> 00:28:52,200
Speaker 5: mostly sam but the eastern provinces take over the oil production.

480
00:28:52,320 --> 00:28:54,440
Speaker 5: We will produce as much as we want, we will

481
00:28:54,440 --> 00:28:56,720
Speaker 5: price it wherever we want. We'll hold the money and

482
00:28:56,760 --> 00:28:58,600
Speaker 5: trust for the Sardi people. But basically, we're going to

483
00:28:58,680 --> 00:28:59,720
Speaker 5: run the oil market.

484
00:28:59,720 --> 00:29:03,800
Speaker 2: Come on, slow down, slow down, hold full stop, full stop.

485
00:29:03,920 --> 00:29:05,680
Speaker 2: This is, by the way. I'm gonna have ed luson

486
00:29:06,360 --> 00:29:08,120
Speaker 2: later in the week about the new book. It's a

487
00:29:08,120 --> 00:29:12,480
Speaker 2: big about doctor Brazinski as the National Security vis It's amazing.

488
00:29:12,560 --> 00:29:15,760
Speaker 2: It's like Shakespearean for half of it between Kissinger and

489
00:29:15,800 --> 00:29:18,719
Speaker 2: brazils kids. But hit me, what we threatened to do?

490
00:29:18,800 --> 00:29:20,760
Speaker 2: When was this we threatened to do? What this was?

491
00:29:21,040 --> 00:29:24,640
Speaker 5: This was nineteen seventy four, So the carrot was priced

492
00:29:24,800 --> 00:29:27,960
Speaker 5: in dollars. Everybody needs oil there for everybody needs dollars,

493
00:29:28,080 --> 00:29:30,280
Speaker 5: and we'll get what we'll give your security umbrella as well.

494
00:29:30,320 --> 00:29:32,840
Speaker 5: That was the That was the carrit That was the process.

495
00:29:32,920 --> 00:29:33,680
Speaker 5: What happened hold it?

496
00:29:33,720 --> 00:29:36,200
Speaker 2: We had just did hold it records records. We had

497
00:29:36,200 --> 00:29:38,280
Speaker 2: just screwed these guys, hadn't We just gone off the

498
00:29:38,280 --> 00:29:41,960
Speaker 2: gold standard? And this is the air ball Olimbarger all

499
00:29:42,040 --> 00:29:43,760
Speaker 2: is because of this, because they realized, hey, they're going

500
00:29:43,800 --> 00:29:48,400
Speaker 2: to start paying us in wait for it, Fiat currency, sir, Well,

501
00:29:48,440 --> 00:29:49,720
Speaker 2: but that was you're right.

502
00:29:49,560 --> 00:29:51,600
Speaker 5: See that was nineteen seventy one. But that was exactly

503
00:29:51,640 --> 00:29:53,720
Speaker 5: the point, which is, hey, if your stories, why don't

504
00:29:53,720 --> 00:29:56,160
Speaker 5: I just pump oil, you know, jump the dollars and

505
00:29:56,200 --> 00:29:57,920
Speaker 5: buy gold and you know, put the gold in the vault.

506
00:29:58,080 --> 00:30:00,160
Speaker 5: How do you get the dollars in circulation? It's it's

507
00:30:00,200 --> 00:30:03,719
Speaker 5: about the quantity of dollars. It's about the circulation of dollars.

508
00:30:03,720 --> 00:30:06,160
Speaker 5: And that was the key. Everybody in the world was

509
00:30:06,200 --> 00:30:08,840
Speaker 5: going to need dollars that you couldn't buy oil and gold.

510
00:30:09,000 --> 00:30:09,800
Speaker 2: Now that was a.

511
00:30:09,720 --> 00:30:12,000
Speaker 5: Possibility, by the way, the Sardians could have said, hey,

512
00:30:12,040 --> 00:30:14,280
Speaker 5: give us gold and we'll sell you the oil. They didn't.

513
00:30:14,360 --> 00:30:16,680
Speaker 5: They said we'll sell you the oil for dollars, and

514
00:30:16,720 --> 00:30:19,760
Speaker 5: that was the petro dollar court. Now, by weight of gold,

515
00:30:20,160 --> 00:30:23,520
Speaker 5: the dollar dropped ninety five percent from nineteen seventy one

516
00:30:23,560 --> 00:30:26,080
Speaker 5: to nineteen eighty. Gold went for thirty five dollars an

517
00:30:26,080 --> 00:30:28,000
Speaker 5: ounce to eight hundred dollars an ounce, So if you

518
00:30:28,080 --> 00:30:30,720
Speaker 5: use gold as your yardstick, it was a ninety five

519
00:30:30,760 --> 00:30:33,440
Speaker 5: percent evaluation of the dollar. And the moral of the story,

520
00:30:33,520 --> 00:30:36,080
Speaker 5: just have some gold, but you also need oil, and

521
00:30:36,120 --> 00:30:40,080
Speaker 5: you also needed dollars. So we took the plan basically

522
00:30:40,120 --> 00:30:42,880
Speaker 5: the invasion plan and we leaked it to the Chicago

523
00:30:42,920 --> 00:30:46,440
Speaker 5: Tribune and the Sardis read both sides of the equation.

524
00:30:46,560 --> 00:30:48,800
Speaker 5: They said, okay, we'll do the petro dollar cord. But

525
00:30:48,840 --> 00:30:51,320
Speaker 5: my point is it's still in place. Now we may

526
00:30:51,320 --> 00:30:54,680
Speaker 5: be getting close to petro dollar two point zero, and

527
00:30:54,720 --> 00:30:57,320
Speaker 5: obviously Scott Besson's honey would be on slow down.

528
00:30:57,440 --> 00:30:58,520
Speaker 2: I want to make sure that. I want to make

529
00:30:58,560 --> 00:31:01,520
Speaker 2: sure hang on to make sure Steve Bannon understands this.

530
00:31:01,960 --> 00:31:05,520
Speaker 2: You say it's in place, but the Saudi's cutting out

531
00:31:05,520 --> 00:31:08,000
Speaker 2: put deal with the Chinese to take it, and you know,

532
00:31:08,080 --> 00:31:11,760
Speaker 2: to take the currency risk and figure it out. The

533
00:31:11,760 --> 00:31:14,720
Speaker 2: Persians did it with the Chinese, not the petro dollar.

534
00:31:14,840 --> 00:31:17,240
Speaker 2: The Saudi's currently wrong, done a forty year deal with them,

535
00:31:17,280 --> 00:31:21,840
Speaker 2: not the petro dollar. I think the UAE, our good

536
00:31:21,840 --> 00:31:24,120
Speaker 2: buddies there, did one with Mody and India our good

537
00:31:24,160 --> 00:31:27,280
Speaker 2: buddy there also, not I mean away from the petro dollar.

538
00:31:27,280 --> 00:31:29,840
Speaker 2: Am I wrong there? Haven't they always started seeing the

539
00:31:29,880 --> 00:31:31,480
Speaker 2: cracks in the system.

540
00:31:32,040 --> 00:31:34,880
Speaker 5: Well, you're right, but they are cracks. But that's the point.

541
00:31:35,080 --> 00:31:38,280
Speaker 5: That's why it's time for Petro dollar accord two point zero.

542
00:31:38,440 --> 00:31:40,680
Speaker 5: Let's get back to where we were and that's one

543
00:31:40,720 --> 00:31:43,440
Speaker 5: of the reasons the President is in Stardi Baby meeting

544
00:31:43,480 --> 00:31:47,000
Speaker 5: with MBS. So yeah, but you're right, Steve, But the

545
00:31:47,000 --> 00:31:49,280
Speaker 5: amount of Chinese you want that the Stadies took for

546
00:31:49,320 --> 00:31:52,560
Speaker 5: oil is miniscule relative to the overall market. And they

547
00:31:52,560 --> 00:31:54,360
Speaker 5: don't want to you want, like, what are you going

548
00:31:54,440 --> 00:31:56,239
Speaker 5: to do with do you want? I mean, you know,

549
00:31:56,280 --> 00:31:59,240
Speaker 5: buy some Chinese manufacturing goods. Finally, they don't even need

550
00:31:59,240 --> 00:32:02,360
Speaker 5: that many. But this is the Saudia's way and the

551
00:32:03,520 --> 00:32:06,600
Speaker 5: Emirates way of signaling the United States, Hey, you know,

552
00:32:06,640 --> 00:32:09,040
Speaker 5: you better get back to being our friend. You better

553
00:32:09,080 --> 00:32:11,640
Speaker 5: get back to giving a security umbrella, and you better

554
00:32:11,680 --> 00:32:13,760
Speaker 5: get back to, you know, maintaining the value of the dollar.

555
00:32:14,160 --> 00:32:15,680
Speaker 5: And then well, you know, they say, that's why I

556
00:32:15,680 --> 00:32:19,480
Speaker 5: called Petra dollar two point zero. It does need refreshment.

557
00:32:20,040 --> 00:32:21,480
Speaker 5: It was never a treaty, by the way, it was

558
00:32:21,520 --> 00:32:25,160
Speaker 5: a memo, which at least of the time it was classified.

559
00:32:25,200 --> 00:32:27,600
Speaker 5: I don't I think that's ever been revealed. But you

560
00:32:27,600 --> 00:32:29,760
Speaker 5: don't need a treaty, you just need a firm handshake,

561
00:32:29,800 --> 00:32:31,960
Speaker 5: and they can trust Trump. But that's one of the

562
00:32:32,000 --> 00:32:34,360
Speaker 5: reasons hees there, and the idea that oh, this is

563
00:32:34,400 --> 00:32:36,680
Speaker 5: just a business trip or whatever. Well, yeah, but it's

564
00:32:36,720 --> 00:32:39,520
Speaker 5: all dollar base. That's the thing. So the Saudis will

565
00:32:39,560 --> 00:32:42,160
Speaker 5: still sell oil to the Chinese, but they'll tell the

566
00:32:42,240 --> 00:32:45,280
Speaker 5: Chinese you have to pay in dollars. That puts the

567
00:32:45,320 --> 00:32:48,240
Speaker 5: pressure on the Chinese because how do they get dollars?

568
00:32:48,320 --> 00:32:50,920
Speaker 5: They sell stuff to the United States. What are the tariffs? Well,

569
00:32:51,160 --> 00:32:52,920
Speaker 5: they were one hundred and fifty percent two days ago.

570
00:32:52,960 --> 00:32:55,400
Speaker 5: Maybe they're thirty percent for the next ninety days. But

571
00:32:55,520 --> 00:32:57,520
Speaker 5: this is all This is a very complex game, and

572
00:32:57,520 --> 00:33:00,360
Speaker 5: the Russians are involved. But the US, by stre think

573
00:33:00,400 --> 00:33:03,240
Speaker 5: the relationship with Saudi Saudi Arabia going to Petro dollar

574
00:33:03,280 --> 00:33:06,680
Speaker 5: two point zero puts the pressure on China to basically,

575
00:33:07,200 --> 00:33:09,280
Speaker 5: you know, reduce their tyrists and meet some of the

576
00:33:09,400 --> 00:33:12,320
Speaker 5: Trump's requirements. Otherwise they don't have a source of dollars.

577
00:33:15,360 --> 00:33:20,960
Speaker 2: The geopolitics here, there's actual discussions behind the scenes in Turkey.

578
00:33:21,000 --> 00:33:23,680
Speaker 2: I think an instant bul on Thursday, this supposedly is

579
00:33:23,720 --> 00:33:26,240
Speaker 2: a Lensky potential putin meeting. Trump's kind of dropped it.

580
00:33:26,320 --> 00:33:28,720
Speaker 2: I know people are actually thinking this through that Trump

581
00:33:28,720 --> 00:33:31,760
Speaker 2: may actually go by, which would be historic. Walk me

582
00:33:31,760 --> 00:33:34,400
Speaker 2: through the geopolitics. We've got the Larry Fins. We've got

583
00:33:34,400 --> 00:33:36,200
Speaker 2: the investments and we'll come back to that in a second.

584
00:33:36,200 --> 00:33:39,160
Speaker 2: But the geopolitics all, you know, they had, They had

585
00:33:39,160 --> 00:33:42,600
Speaker 2: the pomp and circumstance of meeting the president. You had

586
00:33:42,920 --> 00:33:46,920
Speaker 2: the beast surrounded by the cavalry of the Saudi Rural

587
00:33:46,960 --> 00:33:50,440
Speaker 2: Sardi Army. I also want to tell mister Hollins and

588
00:33:50,520 --> 00:33:53,360
Speaker 2: mister Holland's opens. I think there's a job opening this

589
00:33:53,440 --> 00:33:56,760
Speaker 2: afternoon for a BAN leader in Saudi Arabia, probably looking

590
00:33:56,800 --> 00:33:58,880
Speaker 2: for somebody from an American high school to go over

591
00:33:58,920 --> 00:34:01,720
Speaker 2: and teach the guys. Let's take another crack at that

592
00:34:01,840 --> 00:34:04,840
Speaker 2: national anthem. Good effort. No, it's hot and the instruments

593
00:34:04,840 --> 00:34:07,400
Speaker 2: are hot, but got to do better. What's the geopolitics

594
00:34:07,400 --> 00:34:08,560
Speaker 2: of this records.

595
00:34:09,440 --> 00:34:14,120
Speaker 5: Well, basically the meeting you said supposedly a meeting. Yeah,

596
00:34:14,200 --> 00:34:18,399
Speaker 5: I think that's the right adjective. Selenski, you know, threw

597
00:34:18,440 --> 00:34:21,640
Speaker 5: down the stair. I'll go to Istanbul and Putin shows up.

598
00:34:21,840 --> 00:34:25,799
Speaker 5: Putin's not going to show up. Now, if Putin shows up,

599
00:34:25,840 --> 00:34:28,759
Speaker 5: Trump may go, that's correct, But Putin's not going to

600
00:34:28,760 --> 00:34:31,319
Speaker 5: show up because Putin, because what Selenski wants is an

601
00:34:31,360 --> 00:34:35,600
Speaker 5: unconditional ceasefire. Show me a party, Show me a case

602
00:34:35,640 --> 00:34:38,279
Speaker 5: in the history of the world where the side that's

603
00:34:38,320 --> 00:34:41,440
Speaker 5: winning the war winning the war which Russia is agrees

604
00:34:41,440 --> 00:34:44,359
Speaker 5: to an unconditional ceasefire. Putin has made his turns clear.

605
00:34:44,440 --> 00:34:47,719
Speaker 5: Putin laid down terms before the special military operation in

606
00:34:47,760 --> 00:34:50,800
Speaker 5: twenty twenty two. He laid them down again, same terms

607
00:34:50,800 --> 00:34:54,000
Speaker 5: as a speech to the Russian Foreign Ministry last summer

608
00:34:54,280 --> 00:34:56,880
Speaker 5: summer at twenty twenty four, and he'll repeat them whenever

609
00:34:56,920 --> 00:35:02,320
Speaker 5: you like. Denossification D military is a no NATO. Russia

610
00:35:02,400 --> 00:35:05,600
Speaker 5: takes the four provinces east of the Neighbor River basically

611
00:35:06,000 --> 00:35:11,360
Speaker 5: plus Crimea. And I said, that's basically the deal. Trump

612
00:35:11,360 --> 00:35:13,959
Speaker 5: could have that deal tomorrow. He you know, maybe Putin

613
00:35:13,960 --> 00:35:15,879
Speaker 5: will throw in a couple of sweeteners just to say face.

614
00:35:16,160 --> 00:35:18,400
Speaker 5: But why should Putin agree to anything less? And what

615
00:35:18,520 --> 00:35:21,360
Speaker 5: strikes me is that the West, the collective West, are

616
00:35:21,360 --> 00:35:23,960
Speaker 5: basically NATO and the United States are very good at

617
00:35:24,000 --> 00:35:26,080
Speaker 5: talking to each other. You know, the other day it

618
00:35:26,120 --> 00:35:29,480
Speaker 5: was a starmar and mccron and Mertz German Chancellor of Germany,

619
00:35:29,840 --> 00:35:33,399
Speaker 5: met with Zelenski. So what we're talking to each other,

620
00:35:33,440 --> 00:35:36,360
Speaker 5: who's talking to Putin, who's talking to labrav Now, I

621
00:35:36,400 --> 00:35:38,840
Speaker 5: know white Koff has been out there, he's met with Putin.

622
00:35:38,920 --> 00:35:41,880
Speaker 5: That's that's very constructive. But they cook up all these plans.

623
00:35:41,880 --> 00:35:44,280
Speaker 5: They lead him to the you know, the Financial Times,

624
00:35:44,280 --> 00:35:46,319
Speaker 5: in the New York Times. They create a narrative. It

625
00:35:46,360 --> 00:35:49,839
Speaker 5: amounts to nothing because no one's addressing Putin's points now.

626
00:35:49,880 --> 00:35:52,319
Speaker 5: But here's the importance of it. If we if we

627
00:35:52,360 --> 00:35:55,000
Speaker 5: could end the war pretty much on Putin storms because

628
00:35:55,000 --> 00:35:57,040
Speaker 5: he won the war. That's the point. You win the wars,

629
00:35:57,040 --> 00:35:59,120
Speaker 5: you get to keep stuff. But if we could get

630
00:35:59,160 --> 00:36:02,640
Speaker 5: that behind us, then Russia is instrumental helping with Iran.

631
00:36:03,440 --> 00:36:05,640
Speaker 5: And who wants No one wants to war in Iran

632
00:36:05,719 --> 00:36:08,840
Speaker 5: except you know, Lindsay Graham and a few other warmongers.

633
00:36:09,120 --> 00:36:11,560
Speaker 2: But well, we do it do You had Frank on,

634
00:36:12,200 --> 00:36:14,160
Speaker 2: we had Frank Gaffie on your say, making the case

635
00:36:14,200 --> 00:36:17,680
Speaker 2: for unilateral Israeli, which I love Frank, but the audience

636
00:36:17,760 --> 00:36:20,320
Speaker 2: wasn't buying. It didn't make less sense. But that group

637
00:36:20,680 --> 00:36:23,960
Speaker 2: that's meeting today, because this is the world's you got

638
00:36:24,000 --> 00:36:26,920
Speaker 2: Larry Fink, you got Schwartzman, you got every big you know,

639
00:36:27,760 --> 00:36:31,480
Speaker 2: uh swinging whatever from from New York down there. You

640
00:36:31,560 --> 00:36:33,960
Speaker 2: got everybody from the golf Emirates to talking about trellion

641
00:36:34,000 --> 00:36:36,360
Speaker 2: dollars coming here investments, which look, as you know, I

642
00:36:36,360 --> 00:36:38,360
Speaker 2: don't love these sovereign wealth funds putting money into the

643
00:36:38,440 --> 00:36:42,800
Speaker 2: United States companies are bad enough, but the foreign capital.

644
00:36:42,840 --> 00:36:46,640
Speaker 2: But President Trump's focus on a trellion dollars. That group

645
00:36:47,040 --> 00:36:50,400
Speaker 2: and they and the Amiradis and the Saudis hate the Persians.

646
00:36:50,520 --> 00:36:54,319
Speaker 2: But I don't see any group over there that has

647
00:36:54,360 --> 00:36:58,279
Speaker 2: any interest even in thinking about or talking about the

648
00:36:58,320 --> 00:37:01,120
Speaker 2: Israelis going to take a take a bombing run on

649
00:37:01,160 --> 00:37:03,880
Speaker 2: the on these on the on the nuclear on the

650
00:37:03,920 --> 00:37:07,200
Speaker 2: sites that they're working on this uh, on the nuclear program,

651
00:37:07,239 --> 00:37:08,280
Speaker 2: do you Jim records?

652
00:37:09,719 --> 00:37:11,840
Speaker 5: Uh, I don't think that group expects that. I agree

653
00:37:11,840 --> 00:37:14,440
Speaker 5: with that. Now if you asked, will the Israelis do it?

654
00:37:14,480 --> 00:37:17,200
Speaker 5: When the Iranians get to the point where they have

655
00:37:17,400 --> 00:37:19,799
Speaker 5: not just a nuclear device, you can blow something up.

656
00:37:20,000 --> 00:37:21,920
Speaker 5: That's a big deal, by the way, but it's not

657
00:37:21,960 --> 00:37:23,920
Speaker 5: just the nuclear advice. You have to weaponize it. You've

658
00:37:23,920 --> 00:37:25,600
Speaker 5: got to get it on a warhead, the missiles have

659
00:37:25,640 --> 00:37:28,120
Speaker 5: to work, et cetera. But when the Iranians get close

660
00:37:28,160 --> 00:37:32,520
Speaker 5: to that point, the Israelies will attack Iran because it's

661
00:37:32,520 --> 00:37:35,320
Speaker 5: sex estential, it's you know, they have no strategic adapt

662
00:37:35,400 --> 00:37:38,800
Speaker 5: You could basically wipe out all these rallies, in effect,

663
00:37:38,880 --> 00:37:41,280
Speaker 5: most of the Jews in the world if that happens.

664
00:37:41,280 --> 00:37:42,640
Speaker 5: So they're not going to let it happen. So the

665
00:37:42,719 --> 00:37:45,000
Speaker 5: question is how do you avoid that? Will you avoid

666
00:37:45,000 --> 00:37:48,880
Speaker 5: it by getting the Iranians to agree to verifiably hold

667
00:37:48,960 --> 00:37:51,640
Speaker 5: off on any further development of the Iranian enrichment? How

668
00:37:51,680 --> 00:37:54,480
Speaker 5: do you do that? You get the Russians involved? Uh,

669
00:37:54,560 --> 00:37:56,960
Speaker 5: and so, But that's where this whole thing falls down.

670
00:37:57,000 --> 00:37:59,520
Speaker 5: Over the Zelenski who is you know, people say, why

671
00:37:59,520 --> 00:38:01,680
Speaker 5: does it put and kill Zelenski? Why would you if

672
00:38:01,680 --> 00:38:03,040
Speaker 5: you're if you're if you're in a war and your

673
00:38:03,120 --> 00:38:04,920
Speaker 5: enemy is being run by an idiot, why would you

674
00:38:05,000 --> 00:38:07,000
Speaker 5: kill him? You want the idiot to be in charge.

675
00:38:07,640 --> 00:38:10,440
Speaker 5: But you know, and Trump is, you know, kind of

676
00:38:10,480 --> 00:38:12,319
Speaker 5: maybe at the end of his rope with this whole thing.

677
00:38:12,600 --> 00:38:16,560
Speaker 5: But you have to basically settle the war on Russia's terms.

678
00:38:16,800 --> 00:38:19,400
Speaker 5: That's not a cave in. It doesn't make Trump a puppet,

679
00:38:19,680 --> 00:38:22,000
Speaker 5: None of that's true. Read the History of Venice nine

680
00:38:22,080 --> 00:38:23,400
Speaker 5: hundred years.

681
00:38:23,520 --> 00:38:26,040
Speaker 2: Hang on, stop hangover second hangers side because they're gonna

682
00:38:26,040 --> 00:38:28,239
Speaker 2: be blown us up on social media. Rucker is just

683
00:38:28,280 --> 00:38:31,960
Speaker 2: another running dog for for Putin UH And this is

684
00:38:31,960 --> 00:38:34,920
Speaker 2: all the Tucker Carlson, Kurt Mills, Steve Benn and you know,

685
00:38:35,560 --> 00:38:39,640
Speaker 2: love love Russia crowd, make your justification. Why is that

686
00:38:39,719 --> 00:38:41,799
Speaker 2: not Why is that not just colt? Why is that

687
00:38:41,840 --> 00:38:45,240
Speaker 2: the President United States just cap telling to the Russian demands?

688
00:38:45,320 --> 00:38:49,239
Speaker 5: Sir? Two reasons. Number one, Russia is winning the war.

689
00:38:49,239 --> 00:38:51,520
Speaker 5: They're going to win the war. It's not over, but

690
00:38:51,680 --> 00:38:56,319
Speaker 5: they've decisively won the Warkraine. Ukrainian armed forces are in

691
00:38:56,360 --> 00:39:00,600
Speaker 5: full retreat. They've been decimated. Look the Bradley fighting vehicles,

692
00:39:00,600 --> 00:39:04,400
Speaker 5: the Leopard tanks, the Challenger tanks, the Abrams tanks, they've

693
00:39:04,400 --> 00:39:06,520
Speaker 5: all been left burning on the battlefield. Why don't you

694
00:39:06,560 --> 00:39:08,440
Speaker 5: hear about the F sixteens flying around because they get

695
00:39:08,440 --> 00:39:13,080
Speaker 5: shot down by four hundred of Russian ALLI missiles? Was

696
00:39:13,280 --> 00:39:16,080
Speaker 5: one in Russianika? Did you not get the message? The

697
00:39:16,120 --> 00:39:19,680
Speaker 5: RUSSIANIC missile has made tactical nuclear weapons obsolete because you

698
00:39:19,719 --> 00:39:23,080
Speaker 5: can do just as much damaged without the radiation. Russian

699
00:39:23,120 --> 00:39:24,960
Speaker 5: only won the war. They're going to stop at the

700
00:39:25,000 --> 00:39:27,080
Speaker 5: neighbor river. But there's nothing stopping them from going to

701
00:39:27,120 --> 00:39:30,160
Speaker 5: the English channel. Basically because NATO has shown that their

702
00:39:30,160 --> 00:39:32,000
Speaker 5: weapons don't work. It's not even a question how many

703
00:39:32,040 --> 00:39:34,880
Speaker 5: weapons you give them. They don't work. Asolete they're selling

704
00:39:34,880 --> 00:39:37,120
Speaker 5: them stuff. So we said this from day one.

705
00:39:37,160 --> 00:39:40,040
Speaker 2: When Lensi's trying to get some security guarantee, I can't

706
00:39:40,040 --> 00:39:42,160
Speaker 2: pammer it. I go on British TV and say, yo,

707
00:39:42,760 --> 00:39:45,520
Speaker 2: you guys combined are not gonna be able to put

708
00:39:45,600 --> 00:39:48,080
Speaker 2: up twenty five or thirty thousand combat troops. And guess what,

709
00:39:48,160 --> 00:39:50,879
Speaker 2: because they're talking one hundred thousand and fifty thousand. They

710
00:39:50,880 --> 00:39:53,520
Speaker 2: finally passed the hat around. They can't. They come up

711
00:39:53,560 --> 00:39:56,600
Speaker 2: with the security force at most twenty five thousand, which

712
00:39:56,640 --> 00:40:00,799
Speaker 2: is a true NATO is not real. It's total performative.

713
00:40:01,120 --> 00:40:02,880
Speaker 2: And we talk about these three guys in the train,

714
00:40:03,520 --> 00:40:05,600
Speaker 2: uh and what they were doing with the little bag

715
00:40:05,640 --> 00:40:09,800
Speaker 2: of why who knows. That's another whole separate issue. But Rickards,

716
00:40:09,840 --> 00:40:11,960
Speaker 2: I'm hold you can you can you stick around for

717
00:40:12,040 --> 00:40:14,360
Speaker 2: one more one more block? And I've also got the

718
00:40:14,360 --> 00:40:17,880
Speaker 2: great Dave Bratt with US. Brat's up in the bullpen.

719
00:40:17,920 --> 00:40:21,799
Speaker 2: He's got charts today, Bratt does as he usually does,

720
00:40:21,880 --> 00:40:25,920
Speaker 2: John Solomon's on Tulsa. Gabbard is given an exclusive comments

721
00:40:25,960 --> 00:40:29,880
Speaker 2: statement to John Solomon over just the news that is

722
00:40:29,880 --> 00:40:33,560
Speaker 2: going to start setting things right about the domestic surveillance

723
00:40:34,239 --> 00:40:38,279
Speaker 2: of United States citizens who they consider extremists. Yes, that

724
00:40:38,280 --> 00:40:40,719
Speaker 2: would be Magus. So we got that all coming President Trump.

725
00:40:40,800 --> 00:40:44,160
Speaker 2: If we get this business, uh, I think it's not

726
00:40:44,200 --> 00:40:47,920
Speaker 2: a lunch now, guess it's a dinner only Rickards. Remember

727
00:40:47,960 --> 00:40:51,160
Speaker 2: that Rich Carlton is where they were MBS put off

728
00:40:51,200 --> 00:40:54,359
Speaker 2: the Saudi chiks that have been shaking down people and

729
00:40:54,360 --> 00:40:56,960
Speaker 2: not give them a little something for the effort. Back

730
00:40:57,000 --> 00:40:59,200
Speaker 2: to the Royal Family. Shark commercial break back.

731
00:41:00,200 --> 00:41:02,200
Speaker 4: Use your host, Stephen k Ban.

732
00:41:05,040 --> 00:41:08,800
Speaker 2: Okay, take your phone out, Birch Gold. Just go Bannon

733
00:41:08,920 --> 00:41:11,200
Speaker 2: b A N N O nine eight nine eight nine eight.

734
00:41:11,280 --> 00:41:13,960
Speaker 2: You get the ultimate guide totally free of how to

735
00:41:13,960 --> 00:41:17,239
Speaker 2: invest in gold and pressors medals in the era. Let's

736
00:41:17,320 --> 00:41:20,399
Speaker 2: change that the age of Trump. Do it today. Talk

737
00:41:20,440 --> 00:41:23,600
Speaker 2: to Philip Patrick and the team. Also, we're gonna need

738
00:41:23,640 --> 00:41:27,680
Speaker 2: you the ramparts not today because we've got to figure

739
00:41:27,719 --> 00:41:29,120
Speaker 2: this out. There's going to be a markup of ways

740
00:41:29,160 --> 00:41:30,759
Speaker 2: and means on the tax side, there's gonna be a

741
00:41:30,880 --> 00:41:33,040
Speaker 2: mark up over at the energy and commerce. I think

742
00:41:33,040 --> 00:41:34,960
Speaker 2: on medicaid. We're all over this, but we're trying to

743
00:41:34,960 --> 00:41:37,160
Speaker 2: figure this thing out. So make sure that you're smart

744
00:41:37,200 --> 00:41:39,040
Speaker 2: and weaponized when you get up on the ramparts. But

745
00:41:39,120 --> 00:41:42,719
Speaker 2: what we don't need is you occupied by having a

746
00:41:42,760 --> 00:41:44,960
Speaker 2: hard money lender, like either own your house or have

747
00:41:45,000 --> 00:41:47,000
Speaker 2: a big old second mortgage. Un because somebody got into

748
00:41:47,000 --> 00:41:49,839
Speaker 2: your got into your title. Home title lock dot com

749
00:41:49,880 --> 00:41:52,680
Speaker 2: triple lock, one million dollar protection what is it twenty

750
00:41:52,800 --> 00:41:56,400
Speaker 2: four to seven. They're watching it. If anything happens at

751
00:41:56,440 --> 00:41:58,640
Speaker 2: like two o'clock in the morning, boom, you get an alert.

752
00:41:59,320 --> 00:42:04,120
Speaker 2: If all else one million dollar restoration program. You got

753
00:42:04,200 --> 00:42:06,640
Speaker 2: Natalie Domingus and the team of their Home Title dot

754
00:42:06,680 --> 00:42:12,080
Speaker 2: Com promo code. Wait for it, Steve, pretty simple, check

755
00:42:12,120 --> 00:42:13,880
Speaker 2: it out today. Just go check it out. All we

756
00:42:13,920 --> 00:42:15,800
Speaker 2: asked you. Just go check it out. Talk to Natlie

757
00:42:15,840 --> 00:42:17,680
Speaker 2: domingusy if it makes sense for you. You cannot be

758
00:42:17,719 --> 00:42:21,160
Speaker 2: occupied that happens. Your life changes, folks, because ninety percent

759
00:42:21,160 --> 00:42:23,960
Speaker 2: of your net worth is tied up in that title

760
00:42:24,200 --> 00:42:30,640
Speaker 2: for your real asset called your home. Jim Rickards brother thoughts.

761
00:42:30,680 --> 00:42:33,000
Speaker 2: There's so much going on, not a better time to

762
00:42:33,000 --> 00:42:35,320
Speaker 2: have a guy like you around. What are your thoughts

763
00:42:35,320 --> 00:42:35,960
Speaker 2: of what's happening?

764
00:42:36,960 --> 00:42:40,279
Speaker 5: Yeah, you mentioned Tulsi Gavacy. She did something a few

765
00:42:40,360 --> 00:42:44,600
Speaker 5: days ago that was momentous. She declassified a document that

766
00:42:44,719 --> 00:42:48,200
Speaker 5: was designed to identify and deal with domestic terrorists. And

767
00:42:48,200 --> 00:42:49,680
Speaker 5: by the way, this talking was crazed on to the

768
00:42:49,680 --> 00:42:52,759
Speaker 5: Biden administration and would make that clear. She declassified it.

769
00:42:53,480 --> 00:42:55,920
Speaker 5: By the way, I live in New Hampshire and I

770
00:42:55,960 --> 00:42:58,080
Speaker 5: became a Tulsia fan. And when she ran in twenty

771
00:42:58,120 --> 00:43:00,000
Speaker 5: twenty for president, you get to meet all the candidates

772
00:43:00,080 --> 00:43:03,240
Speaker 5: up in New Hampshire. It's all retail. She went surfing

773
00:43:03,719 --> 00:43:06,000
Speaker 5: in New Hampshire on New Year's Day. The water Temperatu.

774
00:43:06,000 --> 00:43:07,840
Speaker 5: She was like fifty degrees in a dry suit, So

775
00:43:07,920 --> 00:43:10,120
Speaker 5: I said, that's bad. So I am a big fan

776
00:43:10,160 --> 00:43:12,200
Speaker 5: of Telsea and I did meet her and spend some

777
00:43:12,200 --> 00:43:15,320
Speaker 5: time with her. So she did classifies this document, and

778
00:43:15,520 --> 00:43:17,560
Speaker 5: I have a lot of experience with classified documents. They

779
00:43:17,640 --> 00:43:20,120
Speaker 5: used like a black magic marker to cross out some

780
00:43:20,200 --> 00:43:22,040
Speaker 5: of this stuff, but I could read right through it.

781
00:43:21,960 --> 00:43:24,080
Speaker 5: It just kind of see what it was. It was

782
00:43:24,160 --> 00:43:27,040
Speaker 5: classified secret It wasn't top secret, but it was secret

783
00:43:27,520 --> 00:43:30,800
Speaker 5: no foreign which means no foreigners don't share this intelligence

784
00:43:30,840 --> 00:43:34,080
Speaker 5: for foreign intelligence services such as the Five Eyes. So

785
00:43:34,160 --> 00:43:35,719
Speaker 5: what was it? It was a blueprint for doing with

786
00:43:35,800 --> 00:43:38,960
Speaker 5: domestic terrorists. And I'm like, okay, that's important. I'll read that.

787
00:43:39,480 --> 00:43:41,799
Speaker 5: Who are they? Well, Ms thirteen, I know they're from

788
00:43:41,880 --> 00:43:44,799
Speaker 5: l Salvador, but they're here. TRENDERI Ragua, I know they're

789
00:43:44,800 --> 00:43:47,799
Speaker 5: from Venezuela, but they're here. Isis you know, Biden, open

790
00:43:47,880 --> 00:43:51,680
Speaker 5: the border, let everybody. So these are all top organized

791
00:43:52,000 --> 00:43:56,680
Speaker 5: domestic terrorists, not to mention Antifa and BLM. So I

792
00:43:56,680 --> 00:43:58,839
Speaker 5: has I'm reading through. It doesn't mention any of them,

793
00:43:58,920 --> 00:44:02,240
Speaker 5: not one do they target? You got to tell Page

794
00:44:02,239 --> 00:44:04,520
Speaker 5: twenty in the fine print the military and list of

795
00:44:04,520 --> 00:44:07,400
Speaker 5: military didn't say, you know, convicted of a court martial

796
00:44:07,480 --> 00:44:11,800
Speaker 5: de very, just listed military government contractors. That's probably twenty

797
00:44:11,800 --> 00:44:15,920
Speaker 5: million people. It talks about the need to enforce social cohesion.

798
00:44:16,000 --> 00:44:18,600
Speaker 5: Those are the exact words. What is social cohesion? Which

799
00:44:18,640 --> 00:44:21,360
Speaker 5: means if you're MAGA, you're not socially cohesive in the

800
00:44:21,360 --> 00:44:25,000
Speaker 5: eyes of Merrick Ireland or Joe Biden. And it talks

801
00:44:25,040 --> 00:44:28,080
Speaker 5: about gun control. You know we this. The Supreme Course

802
00:44:28,080 --> 00:44:30,200
Speaker 5: has been pretty clear on second amendments. So I'm like, okay,

803
00:44:30,400 --> 00:44:33,319
Speaker 5: this is a document who basically mobilized taking all of

804
00:44:33,320 --> 00:44:37,080
Speaker 5: the government approach, mobilized the FBI and the intelligence community

805
00:44:37,400 --> 00:44:41,719
Speaker 5: and other resources to identify anyone who disagrees with the

806
00:44:41,719 --> 00:44:43,880
Speaker 5: Biden administration. And if you just happen to be in

807
00:44:43,920 --> 00:44:48,800
Speaker 5: the military, moms protesting at school board meetings, parts of

808
00:44:48,840 --> 00:44:51,040
Speaker 5: the Catholic church, if you know I've been I've been

809
00:44:51,080 --> 00:44:53,080
Speaker 5: to mess all over the world twenty different languages. But

810
00:44:53,200 --> 00:44:54,799
Speaker 5: if you happen to go to a Latin mess, which

811
00:44:54,880 --> 00:44:57,759
Speaker 5: is popular, somehow that marks you down. So this was

812
00:44:58,160 --> 00:45:00,960
Speaker 5: this was despicable. It's about swear for but I plaud

813
00:45:01,040 --> 00:45:04,120
Speaker 5: Telsea for declassifying it making it available. And I think

814
00:45:04,120 --> 00:45:05,319
Speaker 5: we're going to see more like that.

815
00:45:06,960 --> 00:45:10,640
Speaker 2: This is Jim because Solomon's going to come on. He

816
00:45:10,760 --> 00:45:14,359
Speaker 2: broke and then they gave uh special access to him

817
00:45:14,360 --> 00:45:16,040
Speaker 2: on this. He's going to walk us all through this.

818
00:45:17,040 --> 00:45:19,960
Speaker 2: This is my point. Where's the investigation on this thing?

819
00:45:20,120 --> 00:45:21,560
Speaker 2: I mean, this has got to be we got to

820
00:45:21,600 --> 00:45:23,160
Speaker 2: get you know, they're going to have this big book

821
00:45:23,160 --> 00:45:27,879
Speaker 2: coming out by Jake Tapper, and I think Tomlinson over

822
00:45:27,920 --> 00:45:30,120
Speaker 2: at actually is now he was at Politico. Thompson, the

823
00:45:30,200 --> 00:45:33,239
Speaker 2: two guys that wrote this big expos a massive X

824
00:45:33,280 --> 00:45:36,320
Speaker 2: jose on Biden today they dropped it. You know, Biden.

825
00:45:36,360 --> 00:45:38,560
Speaker 2: They were thinking about putting Biden in a wheelchair for

826
00:45:38,640 --> 00:45:40,719
Speaker 2: the second term. You saw him at the Vatican for

827
00:45:40,760 --> 00:45:43,000
Speaker 2: the posting. I mean, he's looks like he's one hundred

828
00:45:43,040 --> 00:45:46,760
Speaker 2: years old. Why is there not this should be such

829
00:45:46,880 --> 00:45:50,719
Speaker 2: a public, massive outcry in such a huge investigation. Where

830
00:45:50,800 --> 00:45:51,480
Speaker 2: is it? Rickards?

831
00:45:52,880 --> 00:45:55,800
Speaker 5: Well, it's a good question. You have familiarity with the

832
00:45:55,800 --> 00:45:58,040
Speaker 5: intelligence community. Sy. The one thing they drill into is

833
00:45:58,080 --> 00:46:00,360
Speaker 5: we're not law enforcement, we're intel diligence.

834
00:46:00,440 --> 00:46:00,600
Speaker 2: You know.

835
00:46:00,719 --> 00:46:03,840
Speaker 5: So okay, well who is law enforcement? Well, let's see FBI,

836
00:46:03,960 --> 00:46:07,000
Speaker 5: It's Department of Justice, pam Boni now and Cash Hotel. Now.

837
00:46:07,000 --> 00:46:09,480
Speaker 5: They've got a pretty full play. I take the point,

838
00:46:10,239 --> 00:46:12,799
Speaker 5: but yeah, somebody was behind it. And when you have

839
00:46:12,840 --> 00:46:13,720
Speaker 5: a twenty five.

840
00:46:13,560 --> 00:46:16,120
Speaker 2: Holy hang on space to hang on, Jim, they got

841
00:46:16,120 --> 00:46:17,759
Speaker 2: a hell of a full play. I'm not talking, but

842
00:46:18,560 --> 00:46:22,120
Speaker 2: shouldn't this be a priority? Look, it's hard. You've got

843
00:46:22,160 --> 00:46:24,480
Speaker 2: to go pretty deep in the woods to hit your

844
00:46:24,560 --> 00:46:26,920
Speaker 2: trip wire to get you to say, hey, this is

845
00:46:26,960 --> 00:46:29,960
Speaker 2: outrageous given your forty years or fifty years experience in this,

846
00:46:30,520 --> 00:46:32,600
Speaker 2: and you've said as one of the most outrageous and

847
00:46:32,719 --> 00:46:35,520
Speaker 2: not the most outrageous thing you've seen on domestic spying

848
00:46:35,800 --> 00:46:39,600
Speaker 2: on American citizens. Isn't this a priority to make sure

849
00:46:39,640 --> 00:46:41,920
Speaker 2: this can never happen again and hold accountable those that

850
00:46:42,000 --> 00:46:42,279
Speaker 2: did it.

851
00:46:43,080 --> 00:46:46,640
Speaker 5: Yes, this was a blueprint for mobilizing the intelligence community

852
00:46:46,719 --> 00:46:49,120
Speaker 5: and the FBI, which is part of the intelligence community,

853
00:46:49,120 --> 00:46:52,959
Speaker 5: and law enforcement to basically attack a large segment, maybe

854
00:46:53,000 --> 00:46:56,520
Speaker 5: more than half of the American population. Again, you got

855
00:46:56,520 --> 00:46:57,880
Speaker 5: to be a bit of a geek. You got to

856
00:46:57,880 --> 00:47:00,440
Speaker 5: read all twenty five pages. But it's there, so you know,

857
00:47:00,760 --> 00:47:04,480
Speaker 5: they used jargon, they obscure it, they have statutory references.

858
00:47:04,520 --> 00:47:06,640
Speaker 5: But yeah, let's have a congressional hearing. Let's find out

859
00:47:06,640 --> 00:47:09,440
Speaker 5: who wrote it. If it's classified, then the person who

860
00:47:09,440 --> 00:47:12,640
Speaker 5: wrote it doesn't have any particular protection. Who put that together?

861
00:47:13,680 --> 00:47:15,920
Speaker 5: Who is behind it? We know we sort of know

862
00:47:15,960 --> 00:47:18,440
Speaker 5: it wasn't Biden. I mean, Biden was present. He's responsible,

863
00:47:18,840 --> 00:47:20,799
Speaker 5: but he was you know, I don't know why everyone said, gee,

864
00:47:20,840 --> 00:47:23,359
Speaker 5: we knew by twenty twenty four that he wasn't all there.

865
00:47:23,360 --> 00:47:25,720
Speaker 2: I mean, what was in twenty twenty he was storrying.

866
00:47:26,239 --> 00:47:29,239
Speaker 2: It's it's the Praetorian Guard that put him in this fume.

867
00:47:29,520 --> 00:47:32,759
Speaker 2: Where do people go to get to the strategic intelligence

868
00:47:32,760 --> 00:47:35,439
Speaker 2: and the free offer of the book money GPT where

869
00:47:35,520 --> 00:47:36,160
Speaker 2: they go today?

870
00:47:36,680 --> 00:47:38,680
Speaker 5: Yeah, thank you, Stee. We have our own landing pages

871
00:47:38,840 --> 00:47:43,680
Speaker 5: records warroom dot com. That's records warroom dot com. You

872
00:47:43,760 --> 00:47:46,840
Speaker 5: go there, you'll find we've got recordings. We can subscribe

873
00:47:46,840 --> 00:47:49,480
Speaker 5: to our flagship newsletter, Strategic Intelligence. A lot of the

874
00:47:49,520 --> 00:47:51,640
Speaker 5: issues that you and I discussed on war Room we

875
00:47:51,760 --> 00:47:56,520
Speaker 5: cover in great depth in our Strategic Intelligence publication.

876
00:47:56,640 --> 00:47:59,160
Speaker 2: So records warroom dot com. This is something read by

877
00:47:59,280 --> 00:48:01,520
Speaker 2: chairman and CEA all over the world. It's like the

878
00:48:01,520 --> 00:48:04,000
Speaker 2: Financial Times. You want to read with decision makers of

879
00:48:04,080 --> 00:48:07,640
Speaker 2: reading get strategic intelligence. Jim, I'm going to publicly now

880
00:48:07,680 --> 00:48:09,279
Speaker 2: bug you to come back on later in the week

881
00:48:09,280 --> 00:48:11,319
Speaker 2: because there's so much going on. President Trump's historic four

882
00:48:11,360 --> 00:48:13,880
Speaker 2: day trip to the Middle East and maybe even topped

883
00:48:13,920 --> 00:48:17,200
Speaker 2: off with a trip to Turkey sit down with Putin.

884
00:48:17,239 --> 00:48:19,440
Speaker 2: Never know, Jim rickards social media? Where do they go

885
00:48:19,520 --> 00:48:21,040
Speaker 2: to get you on social media?

886
00:48:21,080 --> 00:48:21,279
Speaker 6: Sir?

887
00:48:22,480 --> 00:48:25,760
Speaker 5: On exit at Real Jim Rickards at Real Jim.

888
00:48:25,640 --> 00:48:29,960
Speaker 2: Rickards love you, brother, Thanks for taking time today, historic

889
00:48:30,080 --> 00:48:34,640
Speaker 2: day and the Trump second term. We've got Dave Bratt,

890
00:48:34,719 --> 00:48:37,120
Speaker 2: John Solomon's going to be here, folks. This thing that

891
00:48:37,160 --> 00:48:40,640
Speaker 2: Tulsi did and unleashed are put out for the people

892
00:48:40,640 --> 00:48:43,560
Speaker 2: to see. It's got to be a priority. This is

893
00:48:43,600 --> 00:48:46,799
Speaker 2: what we cannot have a constitutional republic if you have

894
00:48:47,000 --> 00:48:49,640
Speaker 2: the Praetorian Guard, the deep state that can do this

895
00:48:51,120 --> 00:48:53,200
Speaker 2: short commercial break, take you out with the right stuff,

896
00:48:53,280 --> 00:48:55,360
Speaker 2: John Solomon, Dave Bratt, next in the world,