Speaker 1: Hey guys, Saga and Crystal here.
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Speaker 1: Good morning, everybody, Happy Monday. We have an amazing show
Speaker 1: for everybody today. What do we have, Crystal, we do soccer.
Speaker 1: Welcome back with thank you. I appreciate it. Had an
Speaker 1: amazing trip. Love Japan.
Speaker 3: Ohi ghos imas as they say in Japan in terms
Speaker 3: of good morning. Very difficult language and incredible country. For
Speaker 3: everybody out there, if you have the opportunity, please do,
Speaker 3: especially if you live in California. It's the same flight
Speaker 3: time to Europe. What are you doing? Why are you
Speaker 3: find a Paris?
Speaker 1: Are London? Go to Tokyo, same flight time.
Speaker 4: I would love to go to Tokyo.
Speaker 1: It is hands down my favorite country I've ever visited it.
Speaker 3: I think'm gonna do a monologue tomorrow about everything that
Speaker 3: they do correctly and everything that we do wrong.
Speaker 4: And you saw some pressures and I love you, right.
Speaker 1: Yeah, thank you Arigato.
Speaker 3: So yeah, really showing off my conversational Japanese that I
Speaker 3: was able to pick up.
Speaker 1: But no, it was.
Speaker 3: It is one of the most stunningly beautiful countries I
Speaker 3: have ever visited. Unique culture, cuisine, history sites, everything about them.
Speaker 3: I love the way that they live life. So thank
Speaker 3: you Japan. Thank you for having me.
Speaker 2: That's amazing. Well we missed you while you were gone.
Speaker 2: I'm glad you got it wonderful as well.
Speaker 1: Thank you.
Speaker 2: All right, Well, there's a lot to talk about this morning.
Speaker 2: So we got the news last night Hunter Biden is
Speaker 2: going to be pardoned by his father. That has sparked
Speaker 2: quite a lot of conversation here in DC, so we'll
Speaker 2: get into all of that. We've also got some new
Speaker 2: updates for you with regard to people that Trump is
Speaker 2: putting in positions of power. Cash Betel at the FBI
Speaker 2: in particular has been quite noteworthy, so we'll tell you
Speaker 2: what you need to know about that. He has also
Speaker 2: issued a new raft of tariff threats, this time against
Speaker 2: a so called bricks country, so that one is quite significant.
Speaker 2: We also have a bunch of foreign policy news for
Speaker 2: Zelensky seeming to float for the first time, potentially potentially
Speaker 2: seating territory in order to end that war. We have
Speaker 2: Syrian rebels coming out of nowhere to take.
Speaker 1: Back a Lepo.
Speaker 2: As you know, multiple powers are distracted, whether in Ukraine
Speaker 2: or with regard to Israel and Gaza. So we'll break
Speaker 2: that down for incredibly significant development there. Mark and Dreesen
Speaker 2: sparked quite a controversy about dbanking when he went on
Speaker 2: Joe Rogan. Our own Matt Stoler is in the mix
Speaker 2: with that whole debate, so he's going to join us
Speaker 2: to break all of that down. And I am taking
Speaker 2: a look at MSNBC's continuing war on Bernie Sanders and
Speaker 2: their pernicious influence in the Democratic Party in general.
Speaker 1: That's always face, that seems to be a never ending discussion.
Speaker 4: That's an evergreen conversation.
Speaker 3: Thank you, by the way, to all of our premium subscribers,
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Speaker 3: especially in the aftermath of that incredible interview that they had.
Speaker 1: Even I had to take time on my vacation.
Speaker 4: You watched it.
Speaker 1: I mean it was I was.
Speaker 3: Up in the middle of the night and I was like, well,
Speaker 3: you know, you got to check in every once in
Speaker 3: a while, and I was stunned. It was an incredible
Speaker 3: just you got to put it in a history museum, honestly,
Speaker 3: for one of the worst campaigns in modern American history.
Speaker 1: But Chris will be speaking with John Favreau about that.
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Speaker 4: Yeah.
Speaker 2: I'm really looking forward to that conversation because I think
Speaker 2: podsafe has been very influential with liberals in helping them
Speaker 2: understand the world around them and what to do next.
Speaker 2: I think they will probably continue to be very significant
Speaker 2: in that space, so I really want to understand what
Speaker 2: you know, Favreau is taking away from some of these
Speaker 2: conversations that they're hosting on the platform.
Speaker 4: So definitely looking forward to that.
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Speaker 2: message diet.
Speaker 1: Yeah, Ed, thank you, you're absolutely right. Not even on that.
Speaker 3: Even sending the podcast episode, we one of our episodes
Speaker 3: in the last several weeks went extraordinarily viral. I'm talking
Speaker 3: like four or five hundred percent more downloads than no
Speaker 3: idea why we have no idea what all week. In
Speaker 3: surmise from looking at it is that it's because so
Speaker 3: many of you guys shared the podcast, literally just by
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Speaker 3: five star review all of that. I mean, I know
Speaker 3: it sounds trite, but honestly, word of mouth is the
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Speaker 1: It's incredible to see it, and action in the numbers
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Speaker 3: Let's go ahead then and start though with what Crystal
Speaker 3: tased shocked.
Speaker 1: The world last night.
Speaker 3: Wasn't so shocking President Biden issuing a pardon for his
Speaker 3: son Hunter. Let's go ahead and put this up there
Speaker 3: on the screen. Honestly, you should put this one in
Speaker 3: a museum. Statement from President Biden today, I signed a
Speaker 3: parton for my son Hunter. From the day I took office,
Speaker 3: I said I would not interfere with the Justice Department's
Speaker 3: decision making. I kept my word even as I watched
Speaker 3: my son being selectively and unfairly prosecuted without aggravating factors
Speaker 3: like use in a crime multiple purchases are buying a
Speaker 3: weapon of the straw purchaser. People are almost never bought
Speaker 3: to trial on felony charges solely for how they filled
Speaker 3: out a gun form. As he continues, the charges in
Speaker 3: his case came about only after several of my political
Speaker 3: opponents in Congress instigated them to attack me. Then a
Speaker 3: carefully negotiated plea deal agreed to by the Department of Justice,
Speaker 3: unraveled in the courtroom, with a number of my opponents
Speaker 3: in Congress taking credit for bringing political pressure on the process.
Speaker 3: Let's go to the next slide, please, because this is
Speaker 3: the perfect one. No reasonable person who looks at the
Speaker 3: facts of Hunter's case can reach any conclusion other than
Speaker 3: Hunter was singled out only because he is my son,
Speaker 3: and that is wrong. There have been an effort to
Speaker 3: break Hunter, who has been five and a half years sober,
Speaker 3: even in the face of unlimiting and tax and selective prosecution.
Speaker 3: In trying to break Hunter, they have tried to break me.
Speaker 3: And there's no reason to believe it will stop here,
Speaker 3: and that is enough. For my entire career. I have
Speaker 3: followed a simple principle. Just tell the American people the truth.
Speaker 3: They will be fair minded. Here's the truth. I believe
Speaker 3: in the justice system, but as I have wrestled with this,
Speaker 3: I also believe raw politics has infected this process and
Speaker 3: it led to a miscarriage of justice. You could almost
Speaker 3: take that straight out of a Donald Trump press release,
Speaker 3: couldn't you. And it also flies a little bit in
Speaker 3: the face of some past comments from the White House.
Speaker 3: White House spokesperson Karine Jean Pierre said on multiple occasions
Speaker 3: the President will never issue a pardon for Hunter Biden,
Speaker 3: and Biden himself saying on tape on multiple instances that
Speaker 3: he would not do.
Speaker 1: So, let's take a listen.
Speaker 2: First briefing, since Hunter was indicted again in Los Angeles,
Speaker 2: why does in prisonent five would just pardon him?
Speaker 1: President?
Speaker 4: I've been very clear, the President's not going to partner.
Speaker 5: As we sit here in Normandy, your son Hunter is
Speaker 5: on trial, and I know that you cannot speak about
Speaker 5: an ongoing federal prosecution, but let me ask you. Will
Speaker 5: you accept the jury's outcome their verdict?
Speaker 6: No?
Speaker 5: Matter what it is. Yes, And have you ruled out
Speaker 5: a pardon for your son?
Speaker 1: Yes? Okay, So here's here's the it's ruled back. Here's
Speaker 1: the thing about it.
Speaker 3: If he had just said I'm doing this because I can,
Speaker 3: and if we're honest, any parent would do the same thing.
Speaker 3: I'd be like, yeah, all right, I mean, let's let's
Speaker 3: be real.
Speaker 1: Would I do it too? Absolutely most people would.
Speaker 3: But the preening the states that, you know, there's viral
Speaker 3: tweets going around John Harwood being like, people cannot conceive
Speaker 3: of what it is like that president who is so
Speaker 3: morally righteous and puts the law above his own personal interests,
Speaker 3: and then to reverse and it just turns out you're
Speaker 3: like everybody else when you use power to further your
Speaker 3: own personal lends.
Speaker 1: Again.
Speaker 3: Fine, you know, the idea of president's pardon is already
Speaker 3: an insane thing. Why it's exactly in the Constitution basically
Speaker 3: has to do with monarchical traditions of the early seventeen hundreds.
Speaker 3: It's an insane tradition in the late in twenty twenty four.
Speaker 2: Abused by basically every abused by every president literally ever,
Speaker 2: I mean Bill Clinton partnering Roger.
Speaker 1: Carter and his brother. I could go on forever.
Speaker 3: Okay, in terms, look at the number of insane pardons
Speaker 3: that Trump put through in just in the modern area,
Speaker 3: even George W.
Speaker 1: Bush Obama, I mean going for.
Speaker 3: The point is that every president has abused it. Every
Speaker 3: president enjoys doling out political favors and all of that.
Speaker 3: So fine, whatever, Biden, You're just like abody else. But
Speaker 3: he literally said that the whole his role raised on
Speaker 3: TETRA was that he is not Donald Trump, is that
Speaker 3: he respects the rule of lies, that he will respect
Speaker 3: the jury's decision. So the little juxtaposition there, especially in
Speaker 3: light of what is very obviously to come with Donald Trump,
Speaker 3: it just makes it seem a little bit.
Speaker 1: It's just I'll just put it this way.
Speaker 3: Now, the Democrats are in a tough vind because they
Speaker 3: made this whole rule of law Trump is. It's ridiculous
Speaker 3: miscarriage of justice, et cetera. So when Trump comes in,
Speaker 3: he's going to pardon all these January sixth people and
Speaker 3: all these other folks politically who are beneficial to him
Speaker 3: or who he's decided. What are they going to say?
Speaker 3: It's like, you're full of shit and you always were
Speaker 3: so that's fine. I actually appreciate the nakedness.
Speaker 1: Of all of it. But I'm sure this is a
Speaker 1: moral crisis.
Speaker 3: For the New York Times reader and for a few others,
Speaker 3: they're like, wait, that's not who you told.
Speaker 6: Me it was.
Speaker 2: And see, that's that's the part that very hard for
Speaker 2: me sometimes to wrap my head around DC morals, because
Speaker 2: I do see a lot of liberals who are shocked
Speaker 2: and appalled by this Biden decision. And I mean, I
Speaker 2: don't think people I don't think he should have lied
Speaker 2: to the American people about this. Like I'm not saying
Speaker 2: that's a good thing that he did that, but I've
Speaker 2: watched this man facilitate a genocide for a year, like
Speaker 2: pardoning his son for some low level, probably bullshit charges
Speaker 2: that I think he's probably right. If its name wasn't Hunter,
Speaker 2: Biden would have been pursued. I'm just to me, does
Speaker 2: not rise nearly to the level of outrage of many
Speaker 2: other things that this man has done. So that's part
Speaker 2: of what often confuses me about some of the DC
Speaker 2: brained morality. And then you know, the other piece of
Speaker 2: this is I do think it's kind of an acknowledgment
Speaker 2: in a sense of the era that we now live
Speaker 2: in because Democrats did just run a whole election that,
Speaker 2: especially towards the end of a Kamma campaign, was all
Speaker 2: about the norms. Yeah, it's all about them, and voters
Speaker 2: were like, yeah, we don't really care. Like Trump is
Speaker 2: himself a convicted criminal. He's going to get out of
Speaker 2: a bunch of his other charges because you know, now
Speaker 2: he's send it to the presidency. He used the pardon
Speaker 2: powers in utterly grotesque ways, including pardoning Charles Kushner, who
Speaker 2: was convicted not only have tax fraud but also and
Speaker 2: this man is now about to be ambassador to France
Speaker 2: as well, by the way, was also convicted of setting
Speaker 2: up his own brother in law, who was participating in
Speaker 2: the tax evasion, like with the federal government, was cooperating
Speaker 2: with them, so set him up with the prostitute, recorded it,
Speaker 2: sent the resulting footage to his own sister in order
Speaker 2: to like intimidate these people.
Speaker 4: That guy got a pardon from Trump, and the American.
Speaker 1: People were like, yeah, cool's exactly.
Speaker 2: So I can't really be mad at Biden for being like, Okay,
Speaker 2: that's the country we live in.
Speaker 4: Apparently I'm certainly.
Speaker 2: Not going to send like my son to the slaughter
Speaker 2: in defense of some norms that have just been thoroughly
Speaker 2: rejected by the American pulper.
Speaker 4: I think that's kind of how I feel.
Speaker 3: I think it's a fair point, and but my point
Speaker 3: is more about Biden. It's just like, dude, like that
Speaker 3: literally was your whole cause I was elected to stop Trump,
Speaker 3: I am, but he failed physical embodiment being anti Trump
Speaker 3: and so.
Speaker 4: And not the old project. Completely totally fair as.
Speaker 3: Look, I agree with you, and again, if he had
Speaker 3: been honest about it, I think it would have been fine.
Speaker 3: But it's just hilarious to watch in just a one
Speaker 3: month span, literally one month ago, we were having the
Speaker 3: norms election and the no one is above the law,
Speaker 3: and you know, even to besmirch the Department of Justice,
Speaker 3: my god, to imply the you know, politically motivated prosecution
Speaker 3: that is.
Speaker 1: A Donald Trump talking point.
Speaker 3: And now all of a sudden they're like, yeah, no
Speaker 3: reasonable person can look at this. So it's just like okay,
Speaker 3: and you know, in a sense, it does just return
Speaker 3: things to normal where everybody most Americans are very clear eyed,
Speaker 3: as I think they were with a lot of the norms.
Speaker 3: They're like this is bullshit, doesn't have any impact on
Speaker 3: my life. You guys are now talking about the things
Speaker 3: that I actually care about, and so the presidents are
Speaker 3: just gonna be like, Okay, I'm just gonna do whatever
Speaker 3: I want to do, and I could probably get away
Speaker 3: with it, which obviously, you know, especially Biden news basically
Speaker 3: on his way out forever, it doesn't really matter.
Speaker 1: Yeah he didn't care, Yeah, hat didn't care.
Speaker 4: But it's just it's not going to be here to
Speaker 4: view the wreckage.
Speaker 3: I think it is to me with Biden, it just
Speaker 3: highlights the clear image of who he always was to
Speaker 3: people like us, but to Washington could never accept his
Speaker 3: decision to not step down from the presidency much earlier
Speaker 3: in allow a primary is one of the most selfish
Speaker 3: decisions for a party level.
Speaker 1: In modern American history.
Speaker 3: He is a villain if we look at his foreign policy,
Speaker 3: if we look at his sole purpose was to defeat
Speaker 3: Donald Trump.
Speaker 1: It didn't work.
Speaker 3: He decided to appoin Kamala Harris. He didn't back up primary,
Speaker 3: and even though he personally knew and probably thought she
Speaker 3: would never win, he did it. Anyways, every single decision
Speaker 3: he's ever made has been selfish. That's that his entire record.
Speaker 3: So if you were watching this show, no, this wouldn't
Speaker 3: surprise you. But I think again, you know, for the
Speaker 3: New York Times, liberals, for the congressman, for the people,
Speaker 3: some of these people they believed it right, and they
Speaker 3: voted for him per se for exactly why, especially back
Speaker 3: in twenty twenty, and it's like, oh, dude, you're just
Speaker 3: like everybody else. So anyway, welcome to Washington. Yeah, exactly
Speaker 3: the same as it always was.
Speaker 2: I remember all the you know, glowing statements about what
Speaker 2: a hero when.
Speaker 1: We were then nauseated.
Speaker 3: It's the greatest American who's ever lived, Abraham Lincoln apparently.
Speaker 2: Yeah, I mean, that'sn't really how they portrayed him, and
Speaker 2: it was it was so dissonant to look at the
Speaker 2: actions that he's you know, actually taken, and I think,
Speaker 2: to me, Gaza is like the most clear cut horror
Speaker 2: that he has been not only complicit in, but I
Speaker 2: think at this point we have to say, like, you know,
Speaker 2: he's let it all hang out more than ever that like, no,
Speaker 2: this is actually the policy that I really wanted to pursue,
Speaker 2: and all of the feints in the other direction of oh,
Speaker 2: I really want to cease fire that was actually the
Speaker 2: political manipulation. But in any case, so, I you know,
Speaker 2: I think we've been very clear eyed on the show
Speaker 2: about who's who he really is. And I do think
Speaker 2: that after the Kamala Harris campaign failure, I think among
Speaker 2: a lot of liberals there has already been a reassessment
Speaker 2: of the character of this man because you can't help
Speaker 2: but you know, place a lot of blame at his feet.
Speaker 2: He indicated that he would be a one term president.
Speaker 2: You know, he never came out and outright said it.
Speaker 2: I'll give him that, but he really led people to
Speaker 2: believe that he would be handing the torch to the
Speaker 2: next generation. And then once he got in there, out
Speaker 2: of selfishness and narcissism and arrogance and a lot of people,
Speaker 2: yes men around.
Speaker 4: Him, etc.
Speaker 2: He decides, no, I want to hang on to power
Speaker 2: blocks the Democratic primary, you know, stays in as long
Speaker 2: as he possibly can and does end up hobbling Democrats
Speaker 2: and sort of and then you know, to add insult
Speaker 2: to injury, locked them into Kamala Harris as the choice.
Speaker 2: His endorsement of Kamala Harris really sort of forced her
Speaker 2: on the party and mids so there was no other option,
Speaker 2: and we all knew kind of the weaknesses of her
Speaker 2: as a candidate going in. So you know, he is
Speaker 2: right up there towards the top of the list if
Speaker 2: you want to look at you know, who is most
Speaker 2: responsible for failing to end the Trump era. So, you know,
Speaker 2: I thought Dave Weigel made an interesting point over on Twitter.
Speaker 2: He said, Yep, Biden, wanting to uphold the norms, agreed
Speaker 2: to keep on a trumpetpointed, prosecutor is probing his son,
Speaker 2: create a special counsel to probe zone post VP document
Speaker 2: retention kept on Durham so you can finish the Trump
Speaker 2: order prob of twenty sixteen.
Speaker 4: What did he get? Nothing? So here he goes.
Speaker 2: And I do think that sort of gets to my
Speaker 2: sense that this is this is there that we're in now,
Speaker 2: and it's like, okay, you know, Democrats apparently embracing that
Speaker 2: as well.
Speaker 4: So there you go.
Speaker 3: All right, Well, I guess it was all ie this
Speaker 3: entire time. Cool, really enjoy I mean, look, it's always
Speaker 3: been that way.
Speaker 1: In a sense.
Speaker 3: Again, it's actually very gratifying to be like, finally people
Speaker 3: can just see it, you know, the people who've been
Speaker 3: shoving this down. Oh, he's such a hero. He's above
Speaker 3: the law. He's the most moral man who's ever lived.
Speaker 3: He's Abraham Lincoln reincarnate, such an amazing person. It's like, no,
Speaker 3: he's just like everybody else. He's a you know, a
Speaker 3: politically ego, maniacal narcissist who cares more about himself and
Speaker 3: his own family that he does about the United States.
Speaker 3: And in a certain sense, that's always been the case
Speaker 3: with most of these presidents, will continue to be the case,
Speaker 3: and that's just how it is. So you know, in
Speaker 3: a way, thank you Joe Biden for just showing us
Speaker 3: the truth and for that so much of this was
Speaker 3: bs the entire time. Let's move on to Donald Trump.
Speaker 3: As you said, a very consequential appointment. Man, I was
Speaker 3: really sad to miss the Matt Gates dropout. I will
Speaker 3: say that was what a whiplash, you know that that happened.
Speaker 3: Just woke up one day and I was like, wow,
Speaker 3: it's already over, that was it. Yeah.
Speaker 2: I was kind of surprised that I didn't fight more
Speaker 2: for it.
Speaker 3: I was too especially Yeah, I don't know, we can
Speaker 3: talk about it a bit. It probably had to do
Speaker 3: with the ethics thing.
Speaker 5: And all of that.
Speaker 3: Whatever, Let's put this up there on the screen. Arguably
Speaker 3: the most consequential appointment and one that he's made since Gates.
Speaker 3: In this regard, Donald Trump says, I am proud to
Speaker 3: announce that Cash Patel will serve as the next Director
Speaker 3: of the Federal Bureau of Investigation. Cash is a brilliant lawyer, investigator,
Speaker 3: America first fighter. Spent his career exposing corruption, justice and
Speaker 3: protecting the American people. Cash Betel is a very interesting figure.
Speaker 3: He's been around Washington now since the beginning days of
Speaker 3: Donald Trump's kind of flitted around. I think as is
Speaker 3: acting Deputy Director of National Intelligence. I remember him in
Speaker 3: the White House. He took a big role in the
Speaker 3: early days of the Trump admin from what I remember
Speaker 3: in the declassification drive before eventually leaving the White House.
Speaker 3: Since an, he's kind of become a MAGA star online
Speaker 3: podcast appearing on Steve Bannon as well. He runs his
Speaker 3: own kind of media empire. I guess you could call it.
Speaker 3: We'll get to some of the things that he's selling
Speaker 3: in a bit, but he has this Something is nice
Speaker 3: with the podcast election because so many of these people
Speaker 3: have now been on podcasts They've just spoken for hours
Speaker 3: about the type of things that they want to do.
Speaker 3: So he's given us a little bit of a preview.
Speaker 3: Let's take a listen.
Speaker 6: The FBI's footprint has gotten so frickin' big, and the
Speaker 6: biggest problem the FBI has had has come out of
Speaker 6: its intel shops. I'd break that component out of it.
Speaker 6: I'd shut down the FBI Hoover Building on day one
Speaker 6: and reopening the next day as a museum of the
Speaker 6: Deep State. And I'd take the seven thousand employees that
Speaker 6: work in that building and send them across America to
Speaker 6: chase down criminals.
Speaker 1: Go be cops.
Speaker 6: Your cops, go be cops. Go chase down murderers and
Speaker 6: drug dealers and violent offenders. What do you need seven
Speaker 6: thousand people there for? Same thing with de Ojenny. What
Speaker 6: are all these people doing here? Looking for the next
Speaker 6: government promotion, looking for their next fancy government title, looking
Speaker 6: for their parachute out of government. So while you're bringing
Speaker 6: in the right people, you also have to shrink. We
Speaker 6: need a twenty four to seven declassification office, roll in
Speaker 6: papers out twenty four to seven, and not just like
Speaker 6: tick Orta, and not just nine to eleven and you're
Speaker 6: talking to the guy that's read the whole nine eleven
Speaker 6: report and those seven pages of people talk about But
Speaker 6: I believe, as like the guy who is an intel
Speaker 6: guy who believes wholeheartedly in the classified system of information,
Speaker 6: I believe that it has been over abused by these
Speaker 6: corrupt officials in government to hide the truth and the
Speaker 6: and enact more corrupt activities. We will follow the facts
Speaker 6: and the law and go to courts of law and
Speaker 6: correct these justices and lawyers who have been prosecuting these
Speaker 6: cases based on pololitics and actually issue doing them as lawfare.
Speaker 5: We will go.
Speaker 6: Out and find the conspirators, not just in government, but
Speaker 6: in the media. Yes, we're going to come after the
Speaker 6: people in the media who lied about American citizens, who
Speaker 6: helped Joe Biden rig presidential elections. We're going to come
Speaker 6: after you. Whether it's criminal or civilly, we'll figure that out.
Speaker 1: So there you go. He's also been selling books. Let's
Speaker 1: put this on the screen.
Speaker 3: He's got a children's book currently out, The Plot against
Speaker 3: the King, written by Cash Patel, which details the actions
Speaker 3: against Donald Trump. I mean, look, let's not sugarcoated. Cash
Speaker 3: is a loyalist. That's that's pretty much.
Speaker 1: What he is. Yeah, and I think that's whatever.
Speaker 3: It's fine, I guess, especially in the context of what
Speaker 3: we just talked about with Hunter Biden, he will face
Speaker 3: some difficulty in confirmation. So, just to explain the FBI
Speaker 3: directors their term is actually basically Chris ray is set
Speaker 3: to serve three more years after his confirmation. What would
Speaker 3: have to happen Donald Trump A course, as the President
Speaker 3: has the prerogative to fire Christopher Ray as as the
Speaker 3: director of the FBI. This indicates that he will on
Speaker 3: day one and then put forward Cash Bettel as the nominee. Now,
Speaker 3: whether his confirmation goes through is a very open question,
Speaker 3: but at the very least he would have the ability
Speaker 3: to serve as the acting director of the FBI for
Speaker 3: two hundred and ten days after his appointment.
Speaker 1: It's a possible that.
Speaker 3: I mean, look, it's certainly possible to get confirmed, right,
Speaker 3: he actually could get fifty some senators. I personally think
Speaker 3: it will be as difficult as the Matt Gates and
Speaker 3: the RFK junior ones, just because of this certain makeup
Speaker 3: of the Justice the Oversight Committee in the Senate and
Speaker 3: people like Lisa Murkowski, Susan Collins, people like John Cornyn
Speaker 3: as well, who as a senior position in that. But
Speaker 3: if Trump wants it to happen, it's very possible that
Speaker 3: it could happen. I mean, it seems likely right now
Speaker 3: that Bobby Kennedy and Pete Hesath are going to make
Speaker 3: their way through. They seem to have the votes from
Speaker 3: the people that I've spoken to. And the one of
Speaker 3: the reasons that Matt Gates dropped out is he was
Speaker 3: the He was the one person where even after JD
Speaker 3: took him to the Senate and they had all the meetings,
Speaker 3: they were like, it's not going to happen. So, Kasha,
Speaker 3: it certainly looks possible. He would, I believe, be one
Speaker 3: of the first directors of the FBI to not actually
Speaker 3: have previously served as an agent, where all previous ones
Speaker 3: had had a long career in the bureau. But to
Speaker 3: be honest, I view, I mean, you know, last time
Speaker 3: I was here, what I kept saying is I think
Speaker 3: people should get what they voted for, and should get
Speaker 3: and actually get to see what actual trump Ism in
Speaker 3: practice looks like. It's about blowing shit up, and that's
Speaker 3: what Cash Betel is, So I say, confirm him let's
Speaker 3: see it. I mean, he wants to blow up the FBI,
Speaker 3: declassify all this stuff. He genuinely is I think it's
Speaker 3: fair to say, like an actual enemy of at least
Speaker 3: you know, quote unquote the deep state, et cetera. He's for,
Speaker 3: you know, d classic case and transparency.
Speaker 1: I'd say, great. You as a member of the media,
Speaker 1: I think it'll be fantastic. So I hope that's confirmed.
Speaker 1: I'd like to see it.
Speaker 2: So Ken Klippenstein, our friend wrote a report about he
Speaker 2: read Cash's book and watch a bunch of his appearances
Speaker 2: and whatever, and what he points out is while the
Speaker 2: language is very sort of adversarial to the deep state,
Speaker 2: even in that clip that we played where he's like,
Speaker 2: take the seven thousand people here, and it's not fire
Speaker 2: though or firesome portion of them. It's send them about
Speaker 2: the country, so keep it in place, just not in DC.
Speaker 2: And what he gleaned from his book was that, you know,
Speaker 2: and this won't be a surprise to anyone, he doesn't
Speaker 2: actually want to blow up the deep state. He wants
Speaker 2: to weaponize it against Trump's adversaries, which is part of
Speaker 2: what he talks about there. I mean, I think this
Speaker 2: is a pick that says yes, all of the things
Speaker 2: that I said about retribution. I mean, and this is
Speaker 2: going to be one of my weapons in the arsenal
Speaker 2: for fulfilling that campaign pledge. So I think people should
Speaker 2: be clear eyed about you know, it's not like this
Speaker 2: is going to be some wholesale FBI reform. It's just
Speaker 2: instead of, you know, an FBI already does plenty of
Speaker 2: surveillance of like you know, and like pro Palestine protesters
Speaker 2: and lots of lefties already. But I'm going to make
Speaker 2: sure that the FBI is a consistent weapon against Donald
Speaker 2: Trump's adversaries. I think that would be the goal of
Speaker 2: Cash Matel. Now whether he's even able to fully achieve
Speaker 2: that goals another question because he doesn't know his way
Speaker 2: around this agency.
Speaker 1: As you point out this, these people have a career.
Speaker 3: I mean, the FBI as an institution's entire career is
Speaker 3: built on insulating itself right from political pressure, going back
Speaker 3: to the days of Jay Edgar Hoover. And you know,
Speaker 3: for somebody like Cash Betel and others, they're going to
Speaker 3: fight with everything they possibly have against you. So he's
Speaker 3: got his work cut out. I mean, I want to say,
Speaker 3: for what you said, though, yeah, I think it's viewed
Speaker 3: a little bit differently. For what he said, it seems
Speaker 3: to be the correct thing. Why are we not spending
Speaker 3: more resources on, like what prosecuting murderers.
Speaker 1: I mean, the Larry Naser case.
Speaker 4: Is the perfect problem with that.
Speaker 1: I've then a problem with that.
Speaker 4: But I don't think that we should like be uh.
Speaker 2: I think it's quite clear that the direction he wants
Speaker 2: to take the FBI in is not like to dismantle
Speaker 2: the agency in some way that like a leftist would want.
Speaker 2: He wants to use it in an aggressive way, but
Speaker 2: against Trump's adversaries and leftists. And you know, I fully
Speaker 2: expect surveillance of like you know, social justice organizers or
Speaker 2: pro Palestinian protesters or whatever to continue what pace.
Speaker 4: So that's that's my.
Speaker 3: Okay, fair enough, But I mean Republicans won the election,
Speaker 3: so they get to govern the way that they want, right,
Speaker 3: I mean, that's it's not going to be a leftist fantasy,
Speaker 3: anybody ridiculous.
Speaker 2: I just think there's a lot of misleading talk about
Speaker 2: how he's just against the deep state, I see, and
Speaker 2: that is not accurate. No, No, I'm trying to give
Speaker 2: an accurate interpretation of what his goals could be in
Speaker 2: that is he.
Speaker 3: Going to be the person who's going to stop you know,
Speaker 3: surveilling policy and activists. No, okay, Like Republicans won the
Speaker 3: election like they have, and they have the ability to govern,
Speaker 3: and they're going to do what they said that they're
Speaker 3: going to do. I think the best case actually would
Speaker 3: be the decentralization of the agency.
Speaker 1: Also, by the way, this is a very intra.
Speaker 3: DMV beef, but the Biden administration illegally shunt shafted Virginia
Speaker 3: out of FBI headquarters and sent it over to Maryland.
Speaker 3: So I hope that he reverses that and he can
Speaker 3: give it to the state of Virginia. This is a
Speaker 3: big economic development thing, which is it's an interesting DMV beef,
Speaker 3: but actually billions of dollars are at stake. The interesting
Speaker 3: thing too behind it is around what he was talking
Speaker 3: about with the Hoover building and headquarters with the FBI,
Speaker 3: the question about why there are all these bureaucrats here.
Speaker 3: There's actually been a long standing kind of question inside
Speaker 3: the agency. One of the things that he is correct
Speaker 3: about is that post nine eleven and post Patriot Act,
Speaker 3: the FBI the counterintelligence, and they're fusing with the CIA
Speaker 3: and other of the National Intelligence Bureau has effectively turned
Speaker 3: it from a law enforcement organization into an international surveillance
Speaker 3: organization on US citizens. Now, even if you don't believe in,
Speaker 3: you know, like making sure that what you like you
Speaker 3: said for dismantling the deep state or whatever, simply decentralizing
Speaker 3: and getting all of those people out of Washington would
Speaker 3: itself be a major net benefit, because again, the centralization
Speaker 3: of power here in Washington is basically created all of
Speaker 3: these arms of the Bureau, which did not even exist
Speaker 3: since two thousand and one prior. The other thing that
Speaker 3: really annoys me are all of these MSNBC preming legal
Speaker 3: anthrowers that you can't inject politics into the FBI.
Speaker 1: I'm like, does anyone want to know the history of
Speaker 1: the FBI? Shut up? All right?
Speaker 3: And first of all, they're the ones who made themselves
Speaker 3: quote uno quote political in twenty sixteen with Russia Gates.
Speaker 3: So it's like, you can't you can't have it both ways.
Speaker 3: There are consequences to elections, especially one in which you
Speaker 3: had a president who's like basically ally completely against you know,
Speaker 3: this very quote unquote law fare et cetera, which is
Speaker 3: based upon him. Will it be quote unquote leftist principle?
Speaker 1: No, it won't. No, Donald Trump, he won the election, right, But.
Speaker 2: The Republican's posture like, we want to depoliticize this agency.
Speaker 2: They don't want to depoliticize them, but you shay want
Speaker 2: to politics.
Speaker 1: Of course you couldn't.
Speaker 4: I mean, ideally, yes, you would, but.
Speaker 1: Read in American history.
Speaker 2: But the ideal would be that you're not spying on
Speaker 2: American citizens and infiltrating and doing like co Intel pro
Speaker 2: quite bullshit against American citizens.
Speaker 4: Okay, that would be the ideal.
Speaker 2: And Republican's posture like that's the direction that they would
Speaker 2: like to go, and that they would like to make
Speaker 2: the agency neutral, that they would like to depoliticize it,
Speaker 2: and that is a lie. They want to politicize it
Speaker 2: on behalf of Donald Trump.
Speaker 4: That's the plan.
Speaker 1: Yeah, I think that's fair. Again, they won.
Speaker 3: He's he talked this way pretty openly about what he wanted,
Speaker 3: and people seem to be totally okay with it.
Speaker 1: Will there be backlash et cetera, We'll see.
Speaker 3: I mean, the real backlash I think will come from
Speaker 3: the actual agency. I would never underestimate these people, some
Speaker 3: of the most powerful people in America. They can I
Speaker 3: mean in terms of the leaking operation, for what they
Speaker 3: can do and all of that against you, their knowledge
Speaker 3: of bureaucracy, the law, being able to sue.
Speaker 1: Et cetera.
Speaker 3: Get ready, folks, because actually, if you even try to
Speaker 3: implement ten percent of this, you will see one of
Speaker 3: the biggest freak outs in modern like Washington.
Speaker 2: List I think the other people are delusional about is
Speaker 2: the idea that will get some fulsome accounting of like Epstein,
Speaker 2: just given the fact that Trump himself has been.
Speaker 4: Like, I don't know about that and multiple times.
Speaker 1: In terms of the dec.
Speaker 2: Declassification, yeah know that, and yes, and I mean Trump
Speaker 2: was Epstein's best friend for a decade. So I wouldn't
Speaker 2: hold your breath on that one. Maybe some other declassification.
Speaker 2: Potentially it will not be a.
Speaker 3: Positive if it's on the UFO. Look JFK alone, I
Speaker 3: would be happy UFO. I'mistatic Epstein. I mean, it'd be great,
Speaker 3: but at this point, as you said, there's probably still
Speaker 3: too many people to actually get.
Speaker 1: It out there.
Speaker 3: It'd be great if we could, though, I mean, listen again,
Speaker 3: the other fun thing with a twenty four to seven
Speaker 3: D classification or whatever. Is almost certain that they wouldn't
Speaker 3: they wouldn't actually be able to do it in their
Speaker 3: traditional way where they cover up everything, and so we
Speaker 3: may get some very inadvertent and good details about some
Speaker 3: things that were happening, which I would love to see.
Speaker 2: So the other thing this will help this transition to
Speaker 2: the next pieces that we can roll through is Trump
Speaker 2: is kind of testing the limits of how effective basically
Speaker 2: like media influencers can be in real positions of power.
Speaker 1: That's a good point because.
Speaker 2: I mean that's effectively what cash fatal is. He's out
Speaker 2: there selling like children's books and also these weird supplements
Speaker 2: that he claims falsely can reverse the impact of the
Speaker 2: COVID vaccine, like Hawk's merchandise, all this sort of stuff.
Speaker 2: And obviously, as you pointed out, going on all these
Speaker 2: various podcasts and being really a mag World influencer, Pete
Speaker 2: Haig Seth obviously Fox News personality similar sort of like
Speaker 2: MAGA influence Sir RFK Junior kind of a similar deal. Obviously,
Speaker 2: Matt Gates was kind of a similar deal, even though
Speaker 2: he was a member of Congress. So there are a
Speaker 2: number of these picks that you know, their primary credential
Speaker 2: is like their notoriety or their influence within the magasphere,
Speaker 2: and how that translates into actually being able to effectuate
Speaker 2: the changes that they are promising will also be.
Speaker 4: Interesting to work.
Speaker 3: So I'm trying desperately to find what is in a
Speaker 3: quote unquote novo covideo here. I've got this supplement in
Speaker 3: fact in front of this is the supplement that he
Speaker 3: has there. It says chronium, magnesium, selenium, vitamin D and zinc.
Speaker 1: Okay, I mean it's not going to hurt you.
Speaker 2: So not assuming that's actually what's in it, because none
Speaker 2: of these things are actually really regularly by the FDA.
Speaker 3: That we get Bobby on that, right, We got to
Speaker 3: get Bobby Kennedy on that. All right, let's put the
Speaker 3: next one up there on the screen. This is wild
Speaker 3: getting around this one. This is absolutely insane. So a
Speaker 3: New York Times has obtained an email showing Pegs Pete
Speaker 3: hag Set's own mother sent him a scathing email in
Speaker 3: twenty and eighteen calling him quote an abuser of women.
Speaker 3: I mean, there's no gettinger. This is one of the
Speaker 3: most insane things I've ever read. If my mom ever
Speaker 3: said this to me, I don't even know.
Speaker 4: There's no coming back from as a mother.
Speaker 2: I cannot imagine it.
Speaker 1: Is you are an abuser of women. That is the
Speaker 1: ugly truth.
Speaker 3: I have no respect for any man that belittles, lies, cheets,
Speaker 3: sleeps around, and uses women for his own power and ego.
Speaker 3: You are this man and have been for years as
Speaker 3: your mother. It pains me and embarrasses me to say that,
Speaker 3: But is the sad sad truth continues on for a while.
Speaker 3: The mom says she immediately regretted it, and then she
Speaker 3: no longer stands by it.
Speaker 1: So okay, that's what it is.
Speaker 4: I don't send this out in nowhere.
Speaker 3: I wonder how they got this email. My theory is
Speaker 3: she probably ces Seed, the ex wife who heg Seth deleted,
Speaker 3: and I guess the ex wife, then, you know, is
Speaker 3: leaking this. I guess fairly in terms of in terms
Speaker 3: of retribution.
Speaker 1: Against Pete hag Seth.
Speaker 3: He's no Bobby say to me, Bobby Kennedy said, I
Speaker 3: have a lot of skeletons in my closet something along,
Speaker 3: and you.
Speaker 4: Would say, like I had a rambunctious.
Speaker 1: I had a rambunctious youth. I think we could say.
Speaker 4: An allegation he was like forty six years old or something.
Speaker 1: He's seven year old man forty three.
Speaker 4: So I appreciate that definitely.
Speaker 3: There you go, you are, you're the promise in the Yeah,
Speaker 3: we could forgive everybody or indiscretion. So there it goes.
Speaker 3: Now in terms of its overall effect for everyone I've
Speaker 3: spoken to, and I just checked in yesterday, I think
Speaker 3: Pete's got the votes. From what I can tell, he's
Speaker 3: got at the very least, he's got a majority of
Speaker 3: the defense Hawks on his side. He has made a
Speaker 3: lot of the phone calls. He's playing ball, it seems
Speaker 3: with most people in Washington, and most of the senators
Speaker 3: seem I feel like Gates, they personally really detested. It
Speaker 3: wasn't about policy, it was really just personal. Whereas here
Speaker 3: with you said they don't know him. He's I mean
Speaker 3: on a personal level. You know, they may not like
Speaker 3: him or anything but the vendatta's of course, of course,
Speaker 3: look exit you.
Speaker 1: Know THE'SE got.
Speaker 3: You don't become a TV star and you know, nationally
Speaker 3: famous maga icon from nothing. You got to be at
Speaker 3: least somewhat good at this. So I think he's probably
Speaker 3: got it going. I also think what Ruddy really has
Speaker 3: on his side right now is this gets to the
Speaker 3: Cash thing, that there is something really interesting about the
Speaker 3: fact that these people, I mean just even in the
Speaker 3: Shawn Ryan Show, how many of these nominees for Immense
Speaker 3: Power have appeared on the Sean Ryan Show in the
Speaker 3: last what twelve months. That's kind of astonishing if you
Speaker 3: if you think about it, they had laid out very
Speaker 3: clearly their view. They actually have genuine like democratic constituencies,
Speaker 3: which is really interesting to me because it's very rare
Speaker 3: to have people who are like FBI director or even
Speaker 3: Secretary of Defense. I mean, you know Mark Asper, Secretary Defense.
Speaker 3: Does Mark Asper have a fan club you know in Spokane, Washington. No,
Speaker 3: But Pete Hexath he actually does. Like millions of people
Speaker 3: love Pete x Seth. They you know, his book was
Speaker 3: number one in the whole country. Cash Pattel is a
Speaker 3: MAGA star. If you are a Maga mema who is
Speaker 3: out there you know who Cash Betel is.
Speaker 1: Those are people who are buying his books and his
Speaker 1: T shirts and all that stuff.
Speaker 3: So it is fascinating to me to watch these people
Speaker 3: become and actually see what it will look like in power.
Speaker 1: Whether it'll work out, I have no idea.
Speaker 3: I mean, in general, the biggest problem that these people
Speaker 3: always outsiders always face this when they come into Washington,
Speaker 3: and Washington is a machine. It knows exactly how to
Speaker 3: deal with outsiders. It's like, oh, you wrote a book,
Speaker 3: that's cute. You know I'm going to fuck you sideways
Speaker 3: because I know exactly, you know where all the bodies
Speaker 3: are buried, et cetera.
Speaker 1: I can drag this shit out as long as possible.
Speaker 3: That's why, in general, a little bit of experience and
Speaker 3: also being an outsider, those two things are the things
Speaker 3: that really can make you successful. But you know, I
Speaker 3: don't want to speak too soon. It's still certainly possible,
Speaker 3: is something you have.
Speaker 2: I think the other question with Pete Hegseath is if
Speaker 2: there's any other shoes to drop, you know, it's obviously
Speaker 2: these allegations emerged against him, claiming that he raped a
Speaker 2: woman at this like Republican conference, and then it further
Speaker 2: emerged that he had paid her off something. Reportedly, the
Speaker 2: Trump people were pissed off at him, not that like
Speaker 2: the allegations existed, but that he wasn't upfront with him
Speaker 2: about all of that, and especially the payoff details, which
Speaker 2: you know obviously like no admission of guilt, but it
Speaker 2: doesn't look that great then, you know, I don't think
Speaker 2: the mom email is probably gonna be a game changer,
Speaker 2: but also doesn't look great or speak like to your
Speaker 2: character if your mother is writing things like this about you.
Speaker 2: So I think that's one of the questions is if
Speaker 2: there's potentially another shoe to drop with Pete tag Seth
Speaker 2: in terms of his confirmation. Another one that is interesting,
Speaker 2: which speaks to some of the potential policy direction of
Speaker 2: the Trump administration, which really does have a lot of
Speaker 2: contradictions within it. At this point, can put this up
Speaker 2: on the screen. We've got the AG secretary nominee, and
Speaker 2: this is a bit of a rebuke to RFK Junior. Effectively,
Speaker 2: the person that Trump has picked here, Brooke Rawlins. She's
Speaker 2: considered to be more sort of like corporate friendly. I'll
Speaker 2: at Sager speak to the specifics of her. But RFK Junior,
Speaker 2: they write in this piece, had spent weeks lobbying Donald
Speaker 2: Trump to nominate and AGS secretary who be his ally
Speaker 2: in a war with the sugar, soybean, corn and other
Speaker 2: farm commodity interests, he argues are poisoning Americans. He meticulously
Speaker 2: vetted and put forward his own list of candidates, but
Speaker 2: Trump went in a different direction, making a wild card
Speaker 2: pick a former White House aid with little formal experience
Speaker 2: and ad policy, no record on public health concerns driving
Speaker 2: countities agenda. That choice would be Brooke Rollins, who co
Speaker 2: founded the Trumpelne think tank America First Policy Institute. And
Speaker 2: so you know, she's seen as being much more likely
Speaker 2: to be attuned to the concerns of industry. And this
Speaker 2: is very significant because if you actually want to I mean,
Speaker 2: first of all, if you actually want to pull the
Speaker 2: subsidies from like the corn.
Speaker 4: Lobby, good luck.
Speaker 2: Incredibly powerful interest here in Washington, and you know, very
Speaker 2: important in a lot of farm states, including places like Iowa.
Speaker 2: And it's the reason the fact that we subsidize corn
Speaker 2: so much is part of the reason why you have
Speaker 2: you know, high fructose corn syrup all of our foods,
Speaker 2: et cetera, et cetera. Why if you go in the
Speaker 2: grocery store at the centerisles are just basically like recombinations
Speaker 2: of corn. So having someone in this slot who was
Speaker 2: not aligned with what RFK Junior wants to see is
Speaker 2: a quite significant development in terms of his goals with Maha.
Speaker 3: As I have been trying to tell people, it's a coalition.
Speaker 3: And if you think that, you be you know RFK
Speaker 3: Junior's let's I think he is responsible for Trump becunn president.
Speaker 1: I will say that.
Speaker 3: So he's got a lot of power and he got
Speaker 3: himself hhs. That's a big deal. But let's be honest,
Speaker 3: it's a big tent, right. And Brooke Rollins is the
Speaker 3: former Rick Perry staffer. She created America First policy. People
Speaker 3: will remember us talking about her before the election because
Speaker 3: I said she was a potential in the running for
Speaker 3: chief of staff.
Speaker 1: She's a very powerful woman here in DC.
Speaker 3: She's played her cards perfectly in terms of getting a
Speaker 3: lot of corporate money Larry Cudlow and all these other
Speaker 3: people behind her organization, and she was going to get something.
Speaker 3: In fact, I'm surprised that she got something as a
Speaker 3: quote unquote low as agriculture. But as you said, agriculture,
Speaker 3: especially for what RFK wants to do, is very very
Speaker 3: important from the USDA. But the other thing that many
Speaker 3: people don't understand is that the SNAP program, otherwise known
Speaker 3: as food stamps is under the purview of the Farm bill,
Speaker 3: it's actually attached to the farm bill. A major MAHA
Speaker 3: priority is to not allow snap EBT dollars to be
Speaker 3: applied to junk food things like Coca cola, cereal, et cetera.
Speaker 3: This is something I've seen you know, Cali Means and
Speaker 3: others in the MAHA movement talk about.
Speaker 1: I actually think it's totally reasonable.
Speaker 3: But the point is that you will need the cooperation
Speaker 3: of the Agricultural Secretary in negotiating the Farm bill if
Speaker 3: you want some policy like that to happen. Now, you
Speaker 3: know that will have I mean, one of the most
Speaker 3: titanic lobbying campaigns in American history if that actually ever.
Speaker 1: You guys did a segment about this.
Speaker 3: I think about how all of these food companies are
Speaker 3: just about to pump billions into propaganda for Oh, here's
Speaker 3: why it's very important that we use food stamps to
Speaker 3: buy seven to eleven pizza, you know, and Coca cola
Speaker 3: or something like that. That is going to be insane,
Speaker 3: especially and you know, look, there's also going to be
Speaker 3: an organic pushback. I mean, remember, you know, Mike Bloomberg
Speaker 3: tried some of this stuff and people didn't like it.
Speaker 3: There's a very libertarian streak. If you drink a lot
Speaker 3: of coke and you know one day you can and
Speaker 3: you can use your food stamps to buy it, and
Speaker 3: one day it gets taken away, it might make people angry.
Speaker 1: It'd be interesting to see.
Speaker 3: And on top of the all of the dollars that
Speaker 3: we spent on the lobbying campaign, this is very, very consequential.
Speaker 1: Yeah.
Speaker 2: In fact, I think, to be honest with you, the
Speaker 2: if what you care is the you know, food supply,
Speaker 2: I think you have a lot more power as AG
Speaker 2: secretary than you do as HHS secretary because so much
Speaker 2: of the food dollars and the farm policy, I mean
Speaker 2: that all runs through AG secretary, So it definitely curtails
Speaker 2: what that what the MAHA goals are going to be,
Speaker 2: what they're going to be able to do.
Speaker 3: It'll just look it will be as I thought it
Speaker 3: would be. There will be very This is not coherence.
Speaker 3: If anybody's looking for that, you went, you are for
Speaker 3: with the wrong people. This will be the same as.
Speaker 1: It was last time.
Speaker 3: There are internal constituencies now, don't get me wrong, they
Speaker 3: have a lot more power the time.
Speaker 1: Let's be honest.
Speaker 3: You know, you have a lot more power if you're
Speaker 3: you have a chance at getting you know, some of
Speaker 3: what you want. But this is government, and especially in
Speaker 3: a Republican party the way that it's currently constituted, where
Speaker 3: big corporations and RFK Junior have to subsist in the
Speaker 3: same administration with the same lobbying powers, under the same umbrella.
Speaker 3: It will be Washington and its finest in terms of
Speaker 3: what can actually happen and what can And this is
Speaker 3: an indication that this is reality. People who have immense
Speaker 3: influenced billionaire backers and others, they're not going to go
Speaker 3: silently into the good night. They know how to work
Speaker 3: the system. And so that's what will happen. Again, let's
Speaker 3: go to the next part. This is equally hilarious in
Speaker 3: the context of the pardon discussion. Trump has now appointed
Speaker 3: Charles Kushner, Jared's father, will be the US ambassador to France.
Speaker 3: The good news for US is that the US Ambassador
Speaker 3: of France is a meaningless position. It's basically you get
Speaker 3: to be a playboy and you get to hang out
Speaker 3: and throw great parties abroad. They're usually reserved for billionaire donors.
Speaker 3: So in a certain sense, is a change from the
Speaker 3: status quo.
Speaker 4: Charles Kushner nepotism instead of.
Speaker 3: It's nepotism instead of bills oligarchy.
Speaker 1: So you know, it's a nice little throwback.
Speaker 2: Well, and I said this in the last segment, just
Speaker 2: to remind Charles Kushner was the recipient of a Trump
Speaker 2: pardon in the first term. What did he do, you asked, Well,
Speaker 2: first of all, tax fraud. Second of all, he set
Speaker 2: up his own brother in law, who was participating in
Speaker 2: the tax investigation with a prostitute, recorded that interaction, sent
Speaker 2: it to his sister to use as like blackmail and
Speaker 2: to intimidate them out of cooperating with the Feds. That's
Speaker 2: what he was found guilty of and was pardoned for.
Speaker 2: And now he is ambassador to France.
Speaker 1: So yeah, there there you go, all right, and we
Speaker 1: got one war I say.
Speaker 3: He said, he's like one of the most venal character
Speaker 3: Christie went after.
Speaker 4: He's the one who prosecuted him.
Speaker 2: And that's why Jared Kushner always had a vendetta against
Speaker 2: Chris Christie. When we go back to like twenty sixteen,
Speaker 2: after Trump wins and Chris Christy, he's supposed to be
Speaker 2: involved in the transition. Kushner ices him out. Anyway, that's
Speaker 2: who Charles Kushner is. And then we have a little
Speaker 2: more nepotisity for you. We put this one up on
Speaker 2: the screen. So this is Tiffany Trump's father in law.
Speaker 2: So the father of Tiffany Trump's husband is Masad Bulus
Speaker 2: is going to serve as senior advisor to the president
Speaker 2: on Arab and Middle Eastern affairs. He's an accomplished lawyer,
Speaker 2: highly respected leader, blah blah blah. As far as I
Speaker 2: could tell, we don't know a lot about what his
Speaker 2: actual like ideology is.
Speaker 4: He's with respect in Middle East.
Speaker 2: There was some reporting that he had sought a position
Speaker 2: in the Lebanese parliament at some point in two thousand
Speaker 2: and nine, but then he disputes that. So anyway, we'll
Speaker 2: see what we get with him. But you know, in fairness,
Speaker 2: it can't be worse than the advisors that Biden has
Speaker 2: had when it comes to right.
Speaker 3: In a certain sense, Trump is returning to the monarchical
Speaker 3: traditions of the American presidency. You appoint your family members
Speaker 3: as a part of the imperial family, to be your ambassadors.
Speaker 3: When I was Japan, I started, I was reading a
Speaker 3: lot of books on Japan. Actually reminds me a little
Speaker 3: bit of all of that.
Speaker 1: So anyway, there you go.
Speaker 3: It's things certainly are the same here in Washington, aren't they.
Speaker 3: At the same time, there's been a major effect in
Speaker 3: tariff policy. Let's go ahead and put this up there
Speaker 3: on the screen. Arguably the most consequential tariff argument that
Speaker 3: Donald Trump has made since he won the election. Trump
Speaker 3: is threatening one hundred percent tariffs on the bricks nation Brazil,
Speaker 3: bricks nations, the Brazil, India, China, and South Africa. It's
Speaker 3: a term that was coined by Goldn Sachs and the
Speaker 3: mid two thousands.
Speaker 1: It's not really all that useful.
Speaker 3: Because all of these countries aren't exactly all allies, but
Speaker 3: it is important.
Speaker 1: Sorry, Russia also is the It's.
Speaker 2: Also expanded and now also ron Saturabi, Uae, Argentina, Egypt,
Speaker 2: and Ethiopia.
Speaker 1: Yeah.
Speaker 3: So, I mean, basically, bricks was a theory that these
Speaker 3: the quote unquote bricks nations would rise up as global
Speaker 3: GDP increased and would challenge US hegemony in the global
Speaker 3: banking system and in trade. So it's not about the
Speaker 3: bricks itself. It's the ideo, and the idea is basically true.
Speaker 3: Especially in twenty thirty, fifty percent of global GDP will
Speaker 3: be in Asia. It will not be in Europe and
Speaker 3: the United States. So the point is is that there
Speaker 3: are alternative rising centers of power. Another very important thing
Speaker 3: within the Bricks framework has been the US insane sanctions
Speaker 3: regime on Russia, which obviously number one has not worked
Speaker 3: and has basically created an alternative global financial system which
Speaker 3: allows the Indians, the Chinese, and the Russians to all transact.
Speaker 3: I was just reading yesterday about how the Chinese have
Speaker 3: been deeply studying how the Russian economy has been able
Speaker 3: to evade Russian sanction or US sanctions, and they're like, oh,
Speaker 3: this is an very easy playbook. And frankly, I mean,
Speaker 3: China is ten times more powerful than Russia, so their
Speaker 3: ability to evade would be even easier than anything we
Speaker 3: have done. One reason, perhaps the Russian sanctions We're a
Speaker 3: dumb idea in the first place, But the point being
Speaker 3: that clearly Donald Trump has a very old old school
Speaker 3: mercantilist view, especially when it comes to the dollar. He
Speaker 3: wants a strong dollar, he wants people using transacting upon
Speaker 3: the dollar and with the bricks. You know, we talked
Speaker 3: previously there had been an introduction of a resolution about
Speaker 3: perhaps creating their own bricks currency. That's what this was
Speaker 3: really aimed against. And especially because it has come on
Speaker 3: the heels of Trump is currently down in mar A Lago.
Speaker 3: He's receiving foreign dignitaries to come and to pay homage
Speaker 3: to the new king, and one of the things that
Speaker 3: has been mentioned to him obviously is the potential rise
Speaker 3: of bricks.
Speaker 2: I mean, those are all great points. I think this
Speaker 2: is basically a gamble that the US still has a
Speaker 2: level of influence in the world that frankly, I'm not
Speaker 2: sure that it does, and it could potentially hasten the
Speaker 2: move towards an alternative you know, reserve currency or competing
Speaker 2: global reserve currency. Because to your points are and this
Speaker 2: is kind of a long time coming the US, not
Speaker 2: just with regard to Russia, but when you look at
Speaker 2: a cube of Venezuela, any number of other nations around
Speaker 2: the world, and actually Jeff's Dyne is an incredible, incredible
Speaker 2: work tracking the ever expanding US sanctions regime, you know, countries.
Speaker 2: Gotsmartn said, hey, we need to have our own systems
Speaker 2: in place so that the US cannot just like at
Speaker 2: will destroy our economy. And so China and Russia in
Speaker 2: particular have been working to kind of sanctioned proof their economy.
Speaker 2: And obviously we see with Russia that paid a lot
Speaker 2: of dividends when the Biden administration decided to really drop
Speaker 2: the hammer on them. They are now the most sanctioned
Speaker 2: nation in the entire world. And yet you know, wasn't
Speaker 2: great for their economy, but they've been able to survive
Speaker 2: and in some ways even thrive under that incredible sanctions regime.
Speaker 2: So that was a real thwarting and undermining of US power.
Speaker 4: They kind of called our bluff.
Speaker 2: And China has been working to set up those alternative
Speaker 2: banking structures so that you know, they've helped to facilitate
Speaker 2: Russia and these other allied nats to also undercut that
Speaker 2: sanctions regime. So yeah, this is Trump trying to throw
Speaker 2: you know, the US is weight around. How much weight
Speaker 2: do we still have though is kind of an open
Speaker 2: question here. So that's why this is so incredibly incredibly
Speaker 2: sing them. And there's always you know, talk about Saudi
Speaker 2: Arabia floating flirting with you know, undermining the petro dollar
Speaker 2: and these sorts of things. So you know, it's possible
Speaker 2: that this threat works. We've already seen justin Trudeau. We're
Speaker 2: going to get to that in Claudia Shinbau. I'm kind
Speaker 2: of like talking to him like, oh, well, let's try
Speaker 2: to work together. Let's try to like, you know, short
Speaker 2: circuit whatever tariff regime you're thinking of putting on us.
Speaker 2: So it'd be very interesting to see how these these
Speaker 2: allied nations respond because they do represent a kind of
Speaker 2: alternative already power structure within the global systems.
Speaker 1: I don't want to overstate or understated.
Speaker 3: To understate it would say that these are not powerful
Speaker 3: and you should not consider it. To overstate it would
Speaker 3: also be like, oh, they're totally independent, bullshit, Okay. Other
Speaker 3: than Russia, the vast majority of these countries rely all
Speaker 3: on the United States is their number one trading partner,
Speaker 3: especially China. I mean, that's why tariffs on China are
Speaker 3: so effective, because we import the fast majority. They're goods now,
Speaker 3: though that doesn't mean that they could move to an
Speaker 3: alternative system.
Speaker 2: But the other thing I would say that that I'm
Speaker 2: curious your thoughts on this, Like I think that people
Speaker 2: in other nations are more willing to accept pain in
Speaker 2: service of a national project.
Speaker 1: Oh than we are.
Speaker 2: Like I think the idea that Americans, you know, I mean,
Speaker 2: if you look at these nations. Brazil is a significant
Speaker 2: trading to China obviously massive trading partner. When you add
Speaker 2: to that Canada and Mexico to top trading partners, and
Speaker 2: already sanctions are threatened against all of these Like this
Speaker 2: would definitely in the short term increase prices. We are
Speaker 2: going to cover probably tomorrow. Retailers are also, just like
Speaker 2: they did during the COVID supply shocks, et cetera, they're
Speaker 2: going to use the excuse also to further jack up prices.
Speaker 2: And I just don't know that the you know, American consumer,
Speaker 2: like our whole social contract is basically built upon you're
Speaker 2: going to get low prices. So there's an expectation here
Speaker 2: that maybe doesn't exist in other places around there.
Speaker 1: You're absolutely right.
Speaker 3: Definitely, an homogenous, more nationalistic countries, they're much more willing.
Speaker 3: That said, you know, economic stagnation and issues does not
Speaker 3: come at no costs. So in Russia, the Putin regime
Speaker 3: has survived. That said, people in Russia. They're suffering. Let's
Speaker 3: be honest. I mean, look, you know, if their economy
Speaker 3: has been able to survive, but basically it's a wartime nation.
Speaker 3: Everybody relies on the state. Inflation, you know, is totally
Speaker 3: out of control. They've lost a lot of connections to
Speaker 3: the what I don't think average daily life in Moscow
Speaker 3: has gotten better as a result of the war in Ukraine.
Speaker 3: So it's possible, right, you know, they think could move on. Now,
Speaker 3: that doesn't mean that, you know, they're not gonna have
Speaker 3: a revolt like Americans want them to. But it's not
Speaker 3: like it hasn't come at zero.
Speaker 1: Now.
Speaker 3: Remember too, in China, there's a real social contract to
Speaker 3: with them. They gave up all their freedoms and they
Speaker 3: get to get rich, and the Chinese oligarchs saw plenty
Speaker 3: of them in Japan having a great time. They get
Speaker 3: to roll around the globe and stay at all these
Speaker 3: fancy hotels. The middle class gets to have Huawei phones
Speaker 3: that they're nice, They get to live in apartments. If
Speaker 3: you take that away, you know, one of the reasons
Speaker 3: that there's been some issues in China as you went
Speaker 3: from a whatever eight percent economic growth a year to
Speaker 3: like six, you drop six to four, suddenly you get
Speaker 3: to around two. Like America, things are not accelerating the
Speaker 3: same way, and the social contract changes. So it's just
Speaker 3: it's different. But you know, again, don't overstate, don't understate. Now,
Speaker 3: in the Canada Mexico case, I actually think it's totally different.
Speaker 3: And that is because Mexico, Canada, and the United States
Speaker 3: we all rely on each other. Forty percent of all
Speaker 3: US trade is Mexico and Canada. I mean Texas in particular,
Speaker 3: my own home state. That place runs on Mexican goods.
Speaker 3: Like if you look at NAFTA and all that, I
Speaker 3: don't think it should be that way, but that's the
Speaker 3: reality that NAFTA created, either Mexico or Canada.
Speaker 1: I believe you send us a map. I don't think
Speaker 1: we cut it.
Speaker 3: But what is it forty something of forty out of
Speaker 3: fifty states, our top trading partners either Mexico or Canada.
Speaker 3: I mean that's especially if we live in the north
Speaker 3: that you know, Canada exports so many goods to the
Speaker 3: United States. It's also a major trans shipping hub both
Speaker 3: Mexico and Canada of Chinese goods in order to evade
Speaker 3: tariffs and other trade policy, So that is where the
Speaker 3: tariffs will have will be most consequential.
Speaker 4: The auto industry alone.
Speaker 2: There are some auto parts, oh that are literally across
Speaker 2: the border eight separate times, back and forth in the
Speaker 2: course of production before finally you know, coming typically to
Speaker 2: the US for assembly or I mean Mexico has a
Speaker 2: significant number of auto assembly plants at this point as well.
Speaker 2: So if you're thinking, every time that part crosses the border,
Speaker 2: it's going to get you know, tariff tariff, tariff, tariff tariff. Yeah,
Speaker 2: that is going to add significant cost to the price
Speaker 2: of production. And that's just one example. Obviously, we get
Speaker 2: a lot of crude oil from Canada as well, so
Speaker 2: you know, if there wasn't an exemption for oil, then
Speaker 2: you're talking about immediate spike and gas prices, especially a
Speaker 2: lot of that crude oil goes to Midwestern refineries, so
Speaker 2: in the Midwest you would see an immediate you know,
Speaker 2: gas price spike. So those would be some of the
Speaker 2: immediate consequences if this actually comes to me.
Speaker 1: Yeah, so Canada is lumber, oil, milk.
Speaker 4: A lot of building goods like the lumber.
Speaker 3: Yeah, exactly, Yeah, I mean that's literally Calgary exists basically
Speaker 3: as an alterna like a US province effectively. But the
Speaker 3: point is is that our economies, we are all very interrelated.
Speaker 3: That is a result of NAFTA and of now the USMCA.
Speaker 3: Let's put this up there on the screen. This is
Speaker 3: from Claudia Shinebahm, the Mexican president. She says, quote, there
Speaker 3: will be no potential tariff for with the US after
Speaker 3: a call with Donald Trump. This came their phone call
Speaker 3: after Donald Trump. I think you guys covered it so
Speaker 3: that he would impose a twenty five percent tariff on
Speaker 3: Mexican and Canadian goods as long as all as long
Speaker 3: as they continue to allow illegal immigration and fentanyl smuggling
Speaker 3: into the United States.
Speaker 1: That immediately set off.
Speaker 3: A diplomatic crisis in Mexico and in Canada, both of
Speaker 3: those leaders reaching out to Donald Trump.
Speaker 1: Almost immediately.
Speaker 3: Trump effectively declared victory in Mexico or were with Mexico
Speaker 3: and he said they've agreed to stop all illegal immigration.
Speaker 3: Claudia shine Bomb's like, well, not really, but we had
Speaker 3: substantive discussions or whatever on the subject. Both sides are
Speaker 3: declaring victory and kind of trying to cool down the temperature. Basically,
Speaker 3: the same thing happening now with Canada. Let's put B
Speaker 3: three please up on the screen. Justin Trudeau he was
Speaker 3: summoned to meet with the monarch, with the king as
Speaker 3: part of the American It's like when the Roman emperor
Speaker 3: would summon the governors of the provinces and so. Justin
Speaker 3: Trudeau has been spotted down in mar Lago. He says,
Speaker 3: thanks for dinner last night, President Trump. I look forward
Speaker 3: to the work that we can do together.
Speaker 1: Again.
Speaker 3: A source in Canadian media, let's put this on the screen,
Speaker 3: gave some of the details of the meeting. He says,
Speaker 3: quote no guarantee Trump tariffs are coming off. Trump didn't
Speaker 3: specifically say I need X, Y and Z to drop tariff.
Speaker 3: Both sides see a solution as attainable. The key Trump
Speaker 3: needs to be able to start his presidency by saying
Speaker 3: I have taken steps to save American lives. He wants.
Speaker 3: This is what he wants. The fentanyl thing is huge quote,
Speaker 3: despite Canada's minor role in it. Justin Trudeau told Trump
Speaker 3: he would be happy to step up helicopter patrols at
Speaker 3: the border. Quote that said incoming. Trump team likes tariffs.
Speaker 3: They will raise again and again trade deficits as a
Speaker 3: reason for them. Canada will need to be pointing out
Speaker 3: the reason that the US has a trade deficit is
Speaker 3: its oil. So there could be a solution to this
Speaker 3: one threat, but that doesn't mean that it will not
Speaker 3: pop up again. I think the TLDR of it is
Speaker 3: that this is the Trump reality is that there will
Speaker 3: be a ton of negotiation on international trade. One of
Speaker 3: the reasons that Canada and Mexico are uniquely vulnerable, as
Speaker 3: I said, is all of our economies are so deeply intertwined,
Speaker 3: also on oil and specific types of goods. Trump has
Speaker 3: better use of the National Security Designation under the Commerce
Speaker 3: Department to be able to impose tariffs on those certain goods.
Speaker 3: And he also has frameworks within USMCA, which was the
Speaker 3: framework which replaced NAFTA that was negotiated by Bob Leitheiser
Speaker 3: that gives them like accelerated adjudication and tariff imposition. But
Speaker 3: that said, it will be a legal mess in terms
Speaker 3: of you know, our courts, their courts, the Internet, World
Speaker 3: Trade Organization, there's intra adjudication processes.
Speaker 1: And all of that.
Speaker 3: But this is the course that Donald Trump wants to take.
Speaker 3: It's very clear he was serious. He actually wants to
Speaker 3: do it, So we'll see how it actually works out
Speaker 3: in terms of manufacturing and in terms of what it
Speaker 3: will actually look like for our trading relationship with these
Speaker 3: two nations.
Speaker 2: Yeah, and that was part of what was noteworthy about
Speaker 2: his framing this as being about fentanyl and migration, because
Speaker 2: that fits into that like national security.
Speaker 1: It only makes framework Mexico. That's what the iron I mean.
Speaker 3: Look, I'm not in Canada stand but like, we don't
Speaker 3: have a ton of illegal drugs coming across the Canadian board.
Speaker 3: There are a lot of trade beefs with the Canadians.
Speaker 3: They take us to the cleaners on milk and car
Speaker 3: parts and a lot of oil and a lot of
Speaker 3: different stuff.
Speaker 1: But like that has nothing to do with fentanyl.
Speaker 3: But the reason why he's saying fentanyl is like you
Speaker 3: just said, you have specific national security designation to protect
Speaker 3: the United States of America, where if you classify it
Speaker 3: under that, you can impost certain.
Speaker 2: It can't just be like we're not happy with this
Speaker 2: trade relationship because that's not a national security emergency. And
Speaker 2: so I think they feel they have broad latitude, and
Speaker 2: I think my understanding is in the past the courts
Speaker 2: have granted broad latitude. You know, president gets to what
Speaker 2: is a national security emergency and what's not. So if
Speaker 2: he says it is, then I think it's unlikely the
Speaker 2: courts are going to be like, oh no, it's not really.
Speaker 2: I think he probably does have broad latitude. I think
Speaker 2: the assumption should be he probably does have broad latitude
Speaker 2: to implement across the board tariffs effectively wherever he wants to,
Speaker 2: and so that's part of the power that he's wielding here.
Speaker 2: You know, I was curious, Sager, for your reaction to
Speaker 2: this next part. Let's put this up on the screen.
Speaker 2: You just mentioned Bob Leithheiser, who negotiated that, you know,
Speaker 2: revamped NAFTA, and he has been iceed down so far
Speaker 2: of this administration. Reportedly, according to Axios, Trump thought he
Speaker 2: was too scared to go big. You know, he's seen
Speaker 2: as one of the more sort of like serious thinkers
Speaker 2: when it comes to tariff and trade policy in general.
Speaker 2: I know he's someone that you appreciated in the first administration.
Speaker 2: Frankly I did too, you know, I supported the Trump
Speaker 2: tariffs against China and Bind's continuation of those as well.
Speaker 4: So I wonder what you make of him being left
Speaker 4: off the line.
Speaker 1: I think it's all personality based. I mean, the truth
Speaker 1: is that l.
Speaker 3: Lightheiser is his own person He had a very successful
Speaker 3: tenure as the USTR previously. He doesn't need Donald Trump,
Speaker 3: and he's not a loyalist in the same way. He's
Speaker 3: his own man. And I think, look, I think I
Speaker 3: was telling you guys on the phone. I vividly remember
Speaker 3: there was a big meeting on China tariffs, and Lightheiser
Speaker 3: basically corrected Trump in the Oval Office because he didn't
Speaker 3: want markets to crash because Trump had understated or whatever
Speaker 3: whatever the deal was with our trade deal with China.
Speaker 3: Trump was furious with him over that. So I think
Speaker 3: a lot of this is personality based. In terms of
Speaker 3: Lightheiser was always a realist. He would tell the president.
Speaker 3: He'd be like, look, you can do X, Y and
Speaker 3: Z on soybeans. He negotiated USMCA. He was a very
Speaker 3: serious negotiator in his ability to actually get a real
Speaker 3: trade framework through. Trump wants somebody who's like, yes, mister President,
Speaker 3: that's what we're going to do, and we'll try and
Speaker 3: figure it out. That's not Lightthheiser's deal. He was a
Speaker 3: serious guy. He was always willing to push back if
Speaker 3: he needed to. But you know, I mean personally saddened
Speaker 3: by it. I thought he would be a great pick. Frankly,
Speaker 3: I thought he'd me and better pick. I thought he
Speaker 3: could be the U. S. Secretary of State. But it's
Speaker 3: also clear that Trump may have asked for some loyalty
Speaker 3: pledge and be like, you need to pledge to me
Speaker 3: that you will always carry out whatever I say and
Speaker 3: Lightheiser again, because you literally had the job. Was probably
Speaker 3: somebody who was like, I can't make you that promise.
Speaker 3: That's not how international trade works.
Speaker 2: So yeah, well, and also Trump in the yeah that
Speaker 2: could entail It's like, I'm not sure that I'm down.
Speaker 4: For all of that.
Speaker 2: Absolutely anyway, We'll be interesting to see how fans out.
Speaker 3: I'm excited to see it personally, I really am, especially
Speaker 3: you know, who doesn't want to see Canada put in
Speaker 3: this place