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Speaker 1: Planet.

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Speaker 2: But I can tell you that right now we have

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Speaker 2: over one hundred, one hundred countries that are calling us

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Speaker 2: like morning, noon, and night, dying to make a deal.

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Speaker 2: We're in a great position of strength. We'll make great deals.

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Speaker 2: And when we don't make deals, Steve, and we're just

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Speaker 2: going to set the deals. We'll say that country is

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Speaker 2: going to pay a twenty percent tariff, that country is

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Speaker 2: going to pay fifteen percent, another one's going to pay

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Speaker 2: thirty or forty percent. Because we have a big deficit

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Speaker 2: with a certain country, we're going to pay thirty, forty

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Speaker 2: to fifty sixty percent.

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Speaker 1: So we'll just set those deals.

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Speaker 2: I could set those deals tomorrow and.

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Speaker 1: Do away with negotiating.

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Speaker 2: But when negotiating with South Korea, we're negotiating with Japan,

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Speaker 2: We're negotiating with a lot of different to many many.

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Speaker 2: India is a very big they want to make a

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Speaker 2: deal so bad. I'm not telling anything out of school.

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Speaker 2: We're going to make great deals for America instead of

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Speaker 2: bad policies.

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Speaker 3: So what we're talking about, Steven, why I needed you now,

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Speaker 3: thank you for joining us. Is Carville saying the tax

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Speaker 3: cuts for the billionaires, the tax cuts for the top

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Speaker 3: That's what Trump's about, and that's killing us. You say

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Speaker 3: not this time.

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Speaker 1: Yeah, absolutely. I mean, look when when Biden and.

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Speaker 4: Schumer in Pelosi rant things in January, February, March, April

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Speaker 4: of twenty twenty one, did we see a tax hike

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Speaker 4: on the billionaires? You most certainly did not. Never even

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Speaker 4: got a committee. Why the Democratic Party is owned by billionaires.

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Speaker 4: That's why you have a billionaire class, a credential class, James.

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Speaker 4: They've abandoned what used to be Clinton's base. They abandoned

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Speaker 4: the working class folks in this country. They abandoned Democratic

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Speaker 4: families like mine. They abandoned it. And that's what President

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Speaker 4: Trump is trying to reverse. Is what really started with

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Speaker 4: Bush forty one in Clinton is globalization.

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Speaker 1: Bill clin is going to respond, it was Bill.

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Speaker 4: Clinton that allowed the Chinese Communy Party into the World

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Speaker 4: Trade Organization. By the way, both parties did at the

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Speaker 4: neoliberal New yorkon and that's why both parties are.

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Speaker 1: Responsible for this. President Trump, this is a revolution.

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Speaker 4: You're one hundred days into this, and that's what we

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Speaker 4: try to do is redo the entire commercial relationships of

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Speaker 4: the world that focus not just on America first, but

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Speaker 4: American citizens first, and particularly working class in middle class

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Speaker 4: to bring high value added manufacturing job.

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Speaker 3: So Steve says that he's going to raise taxes on

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Speaker 3: the ridge to help pay for the tax cuts for

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Speaker 3: the middle class this time.

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Speaker 1: I hope that Shave is right, as you know, it.

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Speaker 2: Was one at the Supreme Court. And what we're doing

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Speaker 2: is we have a country that's based solely on merit now.

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Speaker 1: And that's the way it is.

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Speaker 2: If somebody's out there doing a great job, and this

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Speaker 2: includes getting into colleges, if you've worked really hard, and

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Speaker 2: we don't look at race, we don't look at color,

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Speaker 2: we don't look at height or shortness or wait, if

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Speaker 2: somebody is doing doing a good job and they worked

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Speaker 2: and they got great marks, and they got great board numbers,

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Speaker 2: and they get rejected at this Harvard, which has been

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Speaker 2: so disgusting, so horribly, I mean, so think of it.

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Speaker 2: They hired Bill de Blasio and Laurie Lighte, but the

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Speaker 2: two worst marriage in the history. They pay him a fortune.

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Speaker 2: But that was the course that teaching management. The Coors

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Speaker 2: tell you that the course, even on merit.

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Speaker 4: Also went out of his ways to make sure the

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Speaker 4: historic black colleges and universities were well financed and has

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Speaker 4: sound financial footing, right, so people get opportunities and get

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Speaker 4: access to college. If they can't get into these other colleges,

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Speaker 4: they get in college there. Some of those are some

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Speaker 4: of the greatest. Hampston Institute in my home state Virginia

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Speaker 4: is one of the finest colleges in the country.

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Speaker 1: Right.

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Speaker 4: President Trump has gone out of his way to do that.

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Speaker 4: President Trump is somebody for every American. It's about being

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Speaker 4: an American citizen, and he's fighting for that every day.

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Speaker 5: I think we're at a very high leverage moment where

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Speaker 5: there is an attempt to essentially consolidate something that looks

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Speaker 5: like a presidential dictatorship, more similar to the kind of

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Speaker 5: system that they have in say Turkey, than what we've

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Speaker 5: had in the US. I don't think that that is

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Speaker 5: by any means guaranteed to be successful. In fact, I

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Speaker 5: think it faces lots of obstacles. But I do think

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Speaker 5: it could go either way. And I guess my question

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Speaker 5: to you is, if we were to speak a year

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Speaker 5: from now, are you confident that the rule of law

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Speaker 5: will be stronger and this president weaker in what he's

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Speaker 5: trying to do?

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Speaker 1: The constitutional order or the same or worse.

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Speaker 6: I'm confident that the people of this great country, and

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Speaker 6: some of theo might be sleeping right now and not

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Speaker 6: paying attention, will wake up, and I am confident that

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Speaker 6: they will take to the streets and raise their voices

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Speaker 6: and push back against those authoritarian impulses and demand that

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Speaker 6: our democracy be restored.

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Speaker 1: This is crimal scream of a dying regime.

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Speaker 4: Pray for our enemies, because we're going to medieval on

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Speaker 4: these people.

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Speaker 1: You've got a free shot. All these networks lying about

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Speaker 1: the people. The people have had a belly full of it.

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Speaker 1: I know you don't like hearing that. I know you

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Speaker 1: tried to do everything in the world to stop that,

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Speaker 1: but you're not going to stop it. It's going to happen.

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Speaker 1: And where do people like that go to share the

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Speaker 1: big line?

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Speaker 7: Mega media?

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Speaker 8: I wish in my soul, I wish that any of

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Speaker 8: these people had a conscience.

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Speaker 1: Ask yourself, what is my task and what is my purpose?

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Speaker 2: If that answer is to save my country, this country

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Speaker 2: will be saved.

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Speaker 7: Or use your host, Stephen k Man.

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Speaker 4: Thursday, one May, You're a Lure twenty twenty five. Dave

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Speaker 4: Walsh is my co host for the next couple of

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Speaker 4: hours day. Thank you so much. I know you don't

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Speaker 4: get in town as much as as you want, or

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Speaker 4: maybe you get intown more more than you want. It's

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Speaker 4: I know you're you're Florida man, so I know it's

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Speaker 4: tough to get you Florida guys up here.

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Speaker 1: But thanks for coming, Thanks for coming by, Thanks for

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Speaker 1: having me.

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Speaker 4: Steve a lot of energy and a lot of the

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Speaker 4: economics and trade and all that. But there's a couple

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Speaker 4: of things that pop in the day as we come on.

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Speaker 1: We're gonna get into that a little bit.

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Speaker 4: Last night at the town hall, I want to give

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Speaker 4: a hat tip to News Nation. They tried to pull

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Speaker 4: it off, very ambitious. I know the President loved it.

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Speaker 4: He was on for thirty minutes. He'd just stayed on

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Speaker 4: for another thirty, but he had backed up CEOs outside

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Speaker 4: the Oval office to to kind of get into from

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Speaker 4: his following from his his the great day he had

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Speaker 4: yesday with all the CEOs and the speech and all that.

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Speaker 1: So he worked, you know, ten or eleven o'clock.

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Speaker 4: I think for the Oval, working with these folks, it

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Speaker 4: was pretty extraordinary.

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Speaker 1: We got into a lot of it.

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Speaker 4: The ID I opted out of going up and doing

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Speaker 4: it long, which was offered and was great. I was

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Speaker 4: really appreciative of the News Nation folks. But it's just

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Speaker 4: so much going on here. It's so tough to even

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Speaker 4: move the show and to try to do following up there.

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Speaker 4: It's just things are happening, and all happening good because

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Speaker 4: the second hundred days is off to a rip. And

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Speaker 4: as we said, this is probably we laid the predicate

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Speaker 4: in the first hundred days, you're now going to deliver

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Speaker 4: even more in the second And this is what it's

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Speaker 4: going to get very gnarly because you have the convergence

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Speaker 4: of this constitutional crisis with the economic situation and clearly

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Speaker 4: the everything doing with the war and the Kinnecticut part

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Speaker 4: of the Third World War. Dave Walsh, how are we

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Speaker 4: doing in your mind? And I'm trying to get Mike

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Speaker 4: Davis up here early. We're packed today with folks, But

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Speaker 4: how do you think we're doing? First off, President Trump

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Speaker 4: has a mindset that in order to get the economy

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Speaker 4: like he had it in twenty nineteen, you need his

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Speaker 4: first predicate, even before interest rates and before the.

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Speaker 1: Cost of money and all that.

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Speaker 4: His absolutely foundational element is full spectrum energy dominance. So

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Speaker 4: in your assessment of the first one hundred days. Where

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Speaker 4: do you think? How do you think we're doing well?

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Speaker 9: The centerpiece of the first hundred days, the EO on

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Speaker 9: the National Energy Emergency, is a big deal.

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Speaker 1: It's real. Walk people through that we.

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Speaker 9: Have a massive electric power shortage in the country already,

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Speaker 9: the ERK National Electoral Liability Console revealed for the summer

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Speaker 9: of twenty four and then the winter of twenty five,

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Speaker 9: twenty four to twenty five, we have about forty percent

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Speaker 9: of our population and then in the winter about sixty

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Speaker 9: percent of our population exposed across five regions, five nerk

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Speaker 9: regions in the country to under normal above normal weather conditions,

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Speaker 9: the high possibility of bronots and blackouts, just like half and.

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Speaker 4: In Spain this week. Put that in perspective of a

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Speaker 4: modern American history. Let's say, from the arab Ol embargo,

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Speaker 4: is this unusual and before is that a normal course

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Speaker 4: of business thing that pops up? Or is this pretty

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Speaker 4: extraordinary and relates to an emergency?

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Speaker 9: This is massively extraordinary, massive, and it's a symptomatic of

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Speaker 9: reserve margins shrinking badly.

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Speaker 4: But it's predicated upon the buy in of corporate America

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Speaker 4: and the rate and the in the political class are

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Speaker 4: getting paid off in the regulators in the States and

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Speaker 4: at the federal level in the decarbonization. This is this

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Speaker 4: is the early stages of what happened in Germany. Correct,

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Speaker 4: And that's what I want every in this audience understand this.

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Speaker 4: What's going on behind the scenes. Is there de industrializing

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Speaker 4: America through energy policies.

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Speaker 9: This is due to the mass over adoption of very

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Speaker 9: very part time, very intermittent power generation resources, with the

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Speaker 9: premature closed down of a whole bunch of nuclear, coal

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Speaker 9: or even gas, taking all real and.

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Speaker 1: And and hang on to add.

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Speaker 4: Insult to injury that all the component pieces and the

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Speaker 4: manufacturing of those things we're putting on are all made

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Speaker 4: manufaction in China.

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Speaker 1: And we all do that with big tax.

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Speaker 4: SEFs, essential tax sepsies from American from America. That is insane.

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Speaker 4: That is the definition of insanity. That you would take

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Speaker 4: off your proven base load to go to something theoretical,

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Speaker 4: and that that theoretical you would see, would put you

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Speaker 4: into a situation like Spain and Portugal of energy shortages

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Speaker 4: at the times you need them, big hot summers and

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Speaker 4: cold winters. And at the same time, what's actually producing

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Speaker 4: this is made by your mortal enemy, and American taxpayers

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Speaker 4: are underwriting that is that actually where we are.

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Speaker 9: That's where we are, and especially in huge regions of

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Speaker 9: the country PGM here, Maso, Midwest and California KAISO. We've

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Speaker 9: taken down these resources way in advance of any of

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Speaker 9: the renewals even being installed, based on environmental compliance with

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Speaker 9: EPA dogma from the Obama era which was all about

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Speaker 9: shutting down coal and then the Biden era, which put

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Speaker 9: that into high gear, absolutely high year. We've shut down

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Speaker 9: these base load, continuous duty, highly effective electricity production sources early,

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Speaker 9: even before this this nonsense of short, short time intermittent

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Speaker 9: stuff has been installed. So we're way way under where

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Speaker 9: reserve margins should be to deal with the peak hot

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Speaker 9: day or a peak all day in the winter. Reserve

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Speaker 9: margins used to be twenty five percent twenty twelve. Now

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Speaker 9: they're down to fourteen point nine my calculation when you

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Speaker 9: remove some of the word salid the utilities used to

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Speaker 9: describe demand management. Now demand management means voluntary and involuntary.

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Speaker 1: Yeah, demand managements. Cut your ergendis.

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Speaker 4: Voluntary and involuntary, or we're going to cut it off

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Speaker 4: for you.

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Speaker 9: Load shed load shed is fancies peak for we don't

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Speaker 9: have enough power, these phrases of nowlge.

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Speaker 4: It's not making America great, that's time. That's America were

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Speaker 4: coming back. That is not coming back and being a

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Speaker 4: manufacturing superpower, is it.

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Speaker 1: Yeah, you'd have to go.

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Speaker 9: Electricity was commercialized in about eighteen eighty five, so you

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Speaker 9: get about nineteen thirty. It became completely dominant and abundant

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Speaker 9: supply for industry, leading into World War Two, where it

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Speaker 9: became very abundant to meet the manufacturing requirements of that

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Speaker 9: huge activity. This is this is massively unusual for eighty years,

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Speaker 9: eighty years of commercial electrification being a dominant thing to

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Speaker 9: have a shortage of generated power, not from lightning strikes

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Speaker 9: or tornadoes or hurricanes, but a shortage of generated power.

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Speaker 4: And self inflicted, self inflected, totally, totally, totally by the

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Speaker 4: upper hands. And the people have paid for this through

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Speaker 4: higher rates, much higher rates, much higher rates. And they're

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Speaker 4: they're they're tax may they're underwriting it by getting less

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Speaker 4: tax revenue because we're building it in the Chinese countries,

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Speaker 4: Party are building the component pieces of what's.

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Speaker 1: Going to take over.

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Speaker 4: You would almost I'm not a conspiracy theory guy, But

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Speaker 4: it's almost so well thought through. It's like the invasion

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Speaker 4: on the southern border. There's something not there's something screwy

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Speaker 4: with this. It's so awful, right, it's so often you

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Speaker 4: see what happened in Spain. Has did Trump's EO cut

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Speaker 4: to the heart of this?

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Speaker 1: On the natural energy emergency?

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Speaker 9: Well, this nearly happened in Germany in November for ten days.

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Speaker 1: In Germany we had.

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Speaker 9: The dunklefrenud, that is doldrums from lack of wind for

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Speaker 9: ten days. Germany nearly lost its grid in November. Already

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Speaker 9: in the United States in twenty twenty four, the Southwest Powerpool,

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Speaker 9: which is fifteen states Arkansas through Wyoming to Minnesota. Missouri,

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Speaker 9: had had three days in the summer last year twenty

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Speaker 9: twenty four where they installed resource advisories, conservative operation advisories,

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Speaker 9: a higher standard, then finally an emergency alert in a

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Speaker 9: three day period due to wind thirty four thousand megawats

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Speaker 9: a wind up there falling to twelve hundred of production.

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Speaker 1: Same thing has happened in Spain.

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Speaker 9: Fortunately it took three days for that decline and wind

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Speaker 9: power to occur. In Spain, the solar drop happened in

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Speaker 9: a few minutes, about fifteen thousand megawats dumped off the

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Speaker 9: system because of the Southwest Bain lack of solar looks

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Speaker 9: like the most plausible thing.

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Speaker 1: Give me, we get We'll hang over second. I'm gonna

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Speaker 1: get you back. I want to get more run away

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Speaker 1: in the Spanish thing because I still don't.

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Speaker 4: And the fact that there are a bunch of articles

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Speaker 4: is saying we were thirty of sixty seconds away from

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Speaker 4: the entire continent of.

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Speaker 1: Europe going black. So I'm want to get to all that, folks.

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Speaker 1: This is a self inflicted wound. This is what is

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Speaker 1: one of.

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Speaker 4: The core things of President Trump of being back, returning

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Speaker 4: America to her greatness, is to stop this freaking madness

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Speaker 4: of the elites in this country that are out of

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Speaker 4: control totally and completely. The run up the Rio reset

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Speaker 4: on July sixth in Rio de jan Era, Brazil, the

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Speaker 4: Bricks Nations are going to meet and the Chinese Coumties

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Speaker 4: Party is going to try to run the table. In

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Speaker 4: the United States of America, a dedallarization effort go to

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Speaker 4: Burtech's ban and b A N N O N right

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Speaker 4: now nine nine eight nine eight get the ultimate guide

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Speaker 4: for investing in gold and precious metals in the era

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Speaker 4: Trump back.

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Speaker 1: With Dave Olsh In a moment, use your host Stephen K.

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Speaker 4: Baan into the Dollar Empire virtual dot com slash Bannon.

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Speaker 4: Make sure you get access to all of We're gonna

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Speaker 4: have a lot more updates the Road to Rio. Got

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Speaker 4: some very special guests next week to talk all about

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Speaker 4: this the dollar currency Brenton Woods.

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Speaker 1: What you need to know, what you need to know.

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Speaker 4: To to assist and support President Trump is now we

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Speaker 4: get this big economic agenda through John Thune.

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Speaker 1: Finally in the Great.

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Speaker 4: Mad Boyle I think had a piece on this over Breitbart,

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Speaker 4: Scott Bessant and John Thune, the cavalry kind of finally

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Speaker 4: arrived at least on getting some sort of process so

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Speaker 4: much what's important in this town.

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Speaker 1: You've got to have a process.

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Speaker 4: You have to have a process that has some sort

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Speaker 4: of logic to it.

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Speaker 1: It's one of the issues I'd love what Doje attempted

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Speaker 1: to do.

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Speaker 4: I'd like to have a little more process in it,

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Speaker 4: particularly in waste fraud and abuse, not programmatic changes. Programmer

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Speaker 4: change are critically important. In fact, that's going to be

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Speaker 4: the big knife fight at the end, but you need process.

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Speaker 4: They put process into this kind of the Great Big

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Speaker 4: Beautiful Bill.

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Speaker 1: The Great Big Beautiful Bill is two things kind of simultaneously.

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Speaker 1: We're three number one. It is the reconciliation.

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Speaker 4: It's going to be a spending, massive kind of spending bill,

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Speaker 4: and a debt ceiling relief. The reason they're going through

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Speaker 4: all these gimmicks and backflips is because they don't need

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Speaker 4: sixty votes if they do it this way.

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Speaker 1: So there's all kind of gimmicks you have to do.

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Speaker 1: They don't get.

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Speaker 4: They do it for fifty votes or fifty one votes.

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Speaker 4: The spending thing is all upside down. We had Senator

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Speaker 4: Ron Johnson, your stay, say point blank he needs to

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Speaker 4: see five training cuts or he's not going to vote.

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Speaker 1: So that's all coming about. But Speaker Johnson's.

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Speaker 4: Point that this is going to be done by moral day,

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Speaker 4: I just don't think is accurate. So you have the

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Speaker 4: whole spending part of this, and we're going to make

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Speaker 4: sure you get in totally to the details.

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Speaker 1: You then have a tax part of it.

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Speaker 4: Obviously, we're making the case that the biggest tax cut

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Speaker 4: in American history for the middle class and working class

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Speaker 4: is upon us. You extend the seventeen tax cuts. You

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Speaker 4: then add no tax on tips, no tax on social Security,

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Speaker 4: no tax on overtime. And President Trump reiterated in Michigan

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Speaker 4: and then reiterated again at the Cabinet, and then reiterated.

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Speaker 1: Again last night on the town Hall of News Nation.

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Speaker 4: Also, there's all there's going to be one billion different

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Speaker 4: things tucked into this bill. Because this bill is going

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Speaker 4: to be I don't know, fifty thousand pages. There's going

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Speaker 4: to be all kinds of things tucked in there that

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Speaker 4: we're going to have to go through. And we commit

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Speaker 4: to you, if you've got a team of this, we're

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Speaker 4: going to break it all down and every day you're

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Speaker 4: gonna get highlighted. You this audience took out already. You

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Speaker 4: killed one of the big things the lobbyist and the

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Speaker 4: swamp were working on, and that was in.

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Speaker 1: The reconciliation bill.

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Speaker 4: Changes and have in one big beautiful bill, have one

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Speaker 4: big beautiful agency.

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Speaker 1: Get rid of the FCC, get rid of the FTC,

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Speaker 1: all that.

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Speaker 4: And our point is we're in for the We're for

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Speaker 4: the dcon instruction of the administrative state, and for deregulation.

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Speaker 4: But you definitely need some regulatory apparatus, and President Trump

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Speaker 4: has got all star teams and has downsized these. He's

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Speaker 4: got all star teams of these agencies. And these agencies

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Speaker 4: are the tip of the spear of taking on the

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Speaker 4: o lug Arks, which are creations of the progressive part

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Speaker 4: of the Democratic Party, and we're kind of left with them,

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Speaker 4: and a lot of them have their nose under the tent,

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Speaker 4: and some of them are trying to get inside the

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Speaker 4: tent and they try to What they try to do

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Speaker 4: here is get rid of the FTC because why why

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Speaker 4: would you go with the FTC now? Because it's the

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Speaker 4: one that's holding Zuckerbucks accountable, it's the one that's got

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Speaker 4: human trial. It's the one tip of the spear that's

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Speaker 4: trying to break up Facebook.

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Speaker 1: Essentially, and they want to do away with it.

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Speaker 4: It was your phone calls, you're going to Article three,

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Speaker 4: you're going to Bill Blaster getting in touch with people

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Speaker 4: on the committee. They stopped it in twenty four hours

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Speaker 4: as soon as you expose it and get people on it,

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Speaker 4: and they and they're like shock, why are why are

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Speaker 4: these constituents like colinos and yelling and screaming you can't

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Speaker 4: do this?

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Speaker 1: Why would they care about the FTC.

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Speaker 4: That's the old days, the old ways Washington worked was

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Speaker 4: was was to do it behind closed doors. The fat

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Speaker 4: cats and the three martini lunches and the smoking the

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Speaker 4: cigars and cutting deals. This is one of the things

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Speaker 4: that if you see with President Trump every day he

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Speaker 4: walks into the Oval and he just has the press there.

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Speaker 4: It's called disintermediation. That's a fancy Harvard Business school term

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Speaker 4: for take out the kind of blocking middleman and just

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Speaker 4: expose whatever to the thing itself.

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Speaker 1: This is what we're trying to do here in the

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Speaker 1: war room.

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Speaker 4: This is why with Dave Walsh is exposed on energy

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Speaker 4: because for years I couldn't figure out the German thing,

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Speaker 4: and I couldn't figure out here, and I couldn't figure

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Speaker 4: out the neck carbon zero. I said, it's all like

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Speaker 4: a cult. It makes no sense. It just it's it's

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Speaker 4: it's bizarre. Then you find out there's actually quite systemic.

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Speaker 4: It's the it's the economic equivalent here of the border.

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Speaker 4: It's not chaos, Biden, these guys had a very well

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Speaker 4: thought through planning to get as many people up here

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Speaker 4: as possible. In fact, that mentality, remember the Langford Bill,

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Speaker 4: it was going to be two million illegal alien evaders

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Speaker 4: a year.

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Speaker 1: Two million.

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Speaker 4: That's the lies you were told, and people kind of

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Speaker 4: accept it. Now we beat it back. This audience beat

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Speaker 4: it back. But there's a mindset in this city to

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Speaker 4: say in the perio camp and say, hey, that's probably right.

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Speaker 1: We've been doing this twenty five years. The same thing.

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Speaker 1: On energy.

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Speaker 4: What is happening, if I can just frame it, is

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Speaker 4: that the utilities, it's a little bit of regulatory capture.

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Speaker 4: The people around it, the lobbyist people are making a

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Speaker 4: ton of money on this, and the ratepayers are a

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Speaker 4: little bit of sleep because somehow they're bibing and weaven

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Speaker 4: and how they're raising these rates. Your electricity bills going

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Speaker 4: up substantially, the availability of constant of good old fashioned

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Speaker 4: American constant energy. At any time, you're being told, hey,

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Speaker 4: in the middle of summer, you got to cut your

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Speaker 4: air condition up to eighty, right, or you know, in

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Speaker 4: the middle of winter you got to cut your heat

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Speaker 4: down to forty. At the same time, what the alternative

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Speaker 4: they're doing this kind of crazy wind to solar, all

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Speaker 4: that which will never be a base load that can

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Speaker 4: power an advanced industrial economy. Oh, by the way, all

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Speaker 4: those parts are made by our greatest rival, right China.

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Speaker 4: And it turns out there's tax breaks all over. I

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Speaker 4: think there's sixty billion dollars this year that are in

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Speaker 4: tax tax benefits for the menu, for people buy, for

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Speaker 4: the manufacturers in China.

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Speaker 1: It's insane. This program every step of the way, screws

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Speaker 1: the deplorables. Sir no, it does.

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Speaker 4: I mean.

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Speaker 9: One of the things if we look at the last

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Speaker 9: five years, including this year, because of the incentives and

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Speaker 9: developers and utilities jumping all over this opportunity to profit

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Speaker 9: from incentives and from if you're a regulated utility, the

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Speaker 9: asset churn benefit of getting ten point eight eleven percent.

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Speaker 4: Guarantee, greater return guarantee on new capital, new capacity exactly

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Speaker 4: whether a new capacity will be in the green capacity goes,

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Speaker 4: it will be more sellable.

443
00:22:13,840 --> 00:22:17,760
Speaker 9: Politically correct, more sellable can get permitted and offers a

444
00:22:17,800 --> 00:22:20,320
Speaker 9: massive return because of the incentives, but also because of

445
00:22:20,359 --> 00:22:23,359
Speaker 9: the tax act the makers. The accelerated appreciation this stuff

446
00:22:23,440 --> 00:22:25,800
Speaker 9: is another there's forty two billion a year being spent

447
00:22:25,840 --> 00:22:28,360
Speaker 9: on tax incentives to incentivize this stuff, which is now

448
00:22:28,440 --> 00:22:29,560
Speaker 9: seventy percent solar.

449
00:22:30,000 --> 00:22:31,639
Speaker 1: Come all that coming from China.

450
00:22:31,960 --> 00:22:35,240
Speaker 9: We're incentivizing that, plus in the tax code another eleven

451
00:22:35,320 --> 00:22:39,679
Speaker 9: or twelve billion of pull forward depreciation allowing very rapid

452
00:22:39,720 --> 00:22:40,760
Speaker 9: depreciation of this stuff.

453
00:22:40,760 --> 00:22:41,639
Speaker 1: So you're looking at.

454
00:22:41,520 --> 00:22:43,720
Speaker 9: Its incentivized to the tune of fifty two to fifty

455
00:22:43,720 --> 00:22:47,440
Speaker 9: three percent all in. That's what they're investing in utilities

456
00:22:47,720 --> 00:22:51,760
Speaker 9: for the messaging and developers for the incentives. So if

457
00:22:51,760 --> 00:22:53,600
Speaker 9: I look in the last six years, five years we've

458
00:22:53,640 --> 00:22:56,560
Speaker 9: been the ninety one percent of new US capacity has

459
00:22:56,640 --> 00:23:02,119
Speaker 9: been renewable, part time, intermittent, very low value energy stuff

460
00:23:02,119 --> 00:23:04,639
Speaker 9: that at peak time of day, for example, seventy percent

461
00:23:04,640 --> 00:23:06,800
Speaker 9: of that is solar. At the peak time of day,

462
00:23:06,840 --> 00:23:10,480
Speaker 9: the solar accredited value ranges from eight percent to about

463
00:23:10,520 --> 00:23:13,800
Speaker 9: fifteen percent of its of its named rating plate. Because

464
00:23:14,400 --> 00:23:16,960
Speaker 9: when it's cold at five six in the morning and

465
00:23:17,040 --> 00:23:19,879
Speaker 9: powers needed, it's not there. And then in the evening

466
00:23:20,080 --> 00:23:22,920
Speaker 9: at between four thirty and seven thirty, when the temperature

467
00:23:22,960 --> 00:23:26,600
Speaker 9: remains very high in Texas, in the southeast, in California,

468
00:23:27,000 --> 00:23:30,480
Speaker 9: solar goes away rapidly. The temperatures hang in there, demand

469
00:23:30,520 --> 00:23:33,360
Speaker 9: stays way up, and you've got shortages. And we've got

470
00:23:33,440 --> 00:23:35,080
Speaker 9: half of the grids in the country now at the

471
00:23:35,119 --> 00:23:37,639
Speaker 9: grid level who aren't in charge, but who comment on

472
00:23:38,040 --> 00:23:41,240
Speaker 9: these What the authilities are doing crying and ringing the

473
00:23:41,280 --> 00:23:45,160
Speaker 9: alarm bell that they're all in shortage. Here's PGM broadcasting

474
00:23:45,200 --> 00:23:47,639
Speaker 9: the chairman of PJAM that right here where we're sitting

475
00:23:47,840 --> 00:23:50,479
Speaker 9: next year, you've got power shortages imminent.

476
00:23:50,640 --> 00:23:53,320
Speaker 4: Here they're telling they send a letter out, this letter,

477
00:23:53,560 --> 00:23:57,760
Speaker 4: the letter, this letter right here to stakeholders. Every time

478
00:23:57,760 --> 00:24:00,480
Speaker 4: you get stakeholder letter, get what is that letter? Help people?

479
00:24:00,480 --> 00:24:04,280
Speaker 9: In December from the chairman of PGM. Right not oil broadcast,

480
00:24:04,600 --> 00:24:06,040
Speaker 9: but he's a big deal. Yeah, that one on the

481
00:24:06,080 --> 00:24:08,399
Speaker 9: front page of the Washington Post should be pgm's a

482
00:24:08,400 --> 00:24:11,720
Speaker 9: whole grid here right here in Virginia, Pennsylvania, Ohio, Kentucky,

483
00:24:11,760 --> 00:24:16,119
Speaker 9: Westba blah blah blah, thirteen states, thirteen states. He's indicating

484
00:24:16,119 --> 00:24:19,520
Speaker 9: that by twenty twenty six, twenty twenty seven delivery year,

485
00:24:19,920 --> 00:24:22,000
Speaker 9: we will not have enough electricity.

486
00:24:23,400 --> 00:24:26,840
Speaker 1: I e. Just what happened in Spain. He's telling everyone that.

487
00:24:27,119 --> 00:24:31,080
Speaker 9: And he's also saying, Okay, because these are mainly deregulated markets,

488
00:24:31,119 --> 00:24:34,000
Speaker 9: guess what they have to wait for investors to bid

489
00:24:34,040 --> 00:24:37,720
Speaker 9: in building new capacity. And he's saying there's a ten

490
00:24:37,760 --> 00:24:40,520
Speaker 9: percent chance that what's been bid in would actually occur

491
00:24:40,680 --> 00:24:43,200
Speaker 9: looking at them, therefore the problems worse than I'm saying.

492
00:24:43,240 --> 00:24:46,280
Speaker 9: That's basically what he's saying. It's a horrendous. And this

493
00:24:46,359 --> 00:24:50,480
Speaker 9: is MISO is saying this. Even Weck, which includes California

494
00:24:50,560 --> 00:24:53,199
Speaker 9: organ they're saying the same thing about their region. This

495
00:24:53,280 --> 00:24:56,560
Speaker 9: is this is being articulated by the gridheads. What happened

496
00:24:56,560 --> 00:25:00,080
Speaker 9: in What happened really in Spain? And how close that

497
00:25:00,200 --> 00:25:03,639
Speaker 9: come to shutting down all Europe? Well, Spain's curious. Spain's

498
00:25:03,640 --> 00:25:07,399
Speaker 9: gone to sixty six percent of its installed base of

499
00:25:07,480 --> 00:25:10,800
Speaker 9: power generation is now solar, about half of that wind

500
00:25:10,800 --> 00:25:13,520
Speaker 9: about half of that. What appears to have happened in

501
00:25:13,560 --> 00:25:18,200
Speaker 9: southwest Spain. The day this happened was a mild temperature day,

502
00:25:18,520 --> 00:25:21,280
Speaker 9: sixty eight in Madrid, seventy two in Barcelona, could have

503
00:25:21,320 --> 00:25:21,920
Speaker 9: had backwards.

504
00:25:23,040 --> 00:25:23,560
Speaker 1: We heard a.

505
00:25:23,480 --> 00:25:27,320
Speaker 9: Broadcast about high temperature oscillation in the interior, like the

506
00:25:27,320 --> 00:25:31,600
Speaker 9: interior it's some kind of score ball place. No Spain, No,

507
00:25:31,640 --> 00:25:34,719
Speaker 9: there's no interior, right, it's been Madrid, Barcelona. Good surroguon

508
00:25:34,760 --> 00:25:37,560
Speaker 9: for country wide temperatures. On April twenty eighth, in about

509
00:25:37,600 --> 00:25:41,639
Speaker 9: seventy so no heat. What happened was some heavy cloud

510
00:25:41,680 --> 00:25:44,920
Speaker 9: activity in parts of Spain, southwest Spain, where they've got

511
00:25:44,960 --> 00:25:48,200
Speaker 9: a lot of their solar farms. Suddenly within about three

512
00:25:48,280 --> 00:25:52,439
Speaker 9: minutes saw a fifteen thousand megawat reduction in production of

513
00:25:52,440 --> 00:25:56,399
Speaker 9: power unexpectedly and rapidly, and that caused in a system

514
00:25:56,400 --> 00:25:58,200
Speaker 9: that's only twenty seven thousand megawats.

515
00:25:58,200 --> 00:26:00,919
Speaker 1: That's a huge problem. It's half you had a figure

516
00:26:00,960 --> 00:26:05,640
Speaker 1: cent drop. Why do they know? Technical problem? Clouds, cloud cover,

517
00:26:07,200 --> 00:26:10,160
Speaker 1: cloud cover, no stave. That's that's what this stuff's about.

518
00:26:10,280 --> 00:26:12,320
Speaker 1: We're totally depends.

519
00:26:12,920 --> 00:26:14,480
Speaker 4: Is this why it's never going to work in a

520
00:26:14,480 --> 00:26:15,840
Speaker 4: place like Florida or Arizona.

521
00:26:16,400 --> 00:26:19,280
Speaker 1: This is this is why it can never work.

522
00:26:19,880 --> 00:26:22,080
Speaker 9: The most it could work is for forty of the

523
00:26:22,320 --> 00:26:25,119
Speaker 9: and yours and you're and you're having the Chinese Commis

524
00:26:25,200 --> 00:26:27,600
Speaker 9: party make it with the labor and there's your supply

525
00:26:27,640 --> 00:26:28,119
Speaker 9: of all of it.

526
00:26:28,200 --> 00:26:28,480
Speaker 1: You're not.

527
00:26:29,160 --> 00:26:31,639
Speaker 4: It's this is things discussing. President Trump's going to lead

528
00:26:31,720 --> 00:26:33,239
Speaker 4: us out of this. We're going to talk about it.

529
00:26:33,520 --> 00:26:36,840
Speaker 4: Short commercial break Birch Gold dot com. The Road to Rio,

530
00:26:36,960 --> 00:26:40,640
Speaker 4: the Rio reset this. Uh, We're going to have an

531
00:26:40,680 --> 00:26:45,360
Speaker 4: individual from the American Conservative Unit going to join us

532
00:26:45,560 --> 00:26:48,879
Speaker 4: the great magazine, The American Conservative is going to join

533
00:26:49,040 --> 00:26:52,840
Speaker 4: us to talk about trades, tariff, China, all of it.

534
00:26:53,840 --> 00:26:56,520
Speaker 4: And also I'm going to talk about the dollar as

535
00:26:56,560 --> 00:26:58,760
Speaker 4: a weapon short break back in the month.

536
00:26:59,400 --> 00:27:02,720
Speaker 8: Countries from all over the world, because of President Trump's leadership,

537
00:27:03,080 --> 00:27:05,399
Speaker 8: are desperate and dying to make trade deals with the

538
00:27:05,480 --> 00:27:08,119
Speaker 8: United States. We're going to evaluate each of those deals

539
00:27:08,119 --> 00:27:11,560
Speaker 8: in President Trump is personally involved in making sure that

540
00:27:11,600 --> 00:27:14,880
Speaker 8: these negotiations serve only one interest, which is the interests

541
00:27:14,880 --> 00:27:17,040
Speaker 8: of the United States of America, and we'll end up

542
00:27:17,040 --> 00:27:19,560
Speaker 8: with the deal in these cases where yes, the other

543
00:27:19,600 --> 00:27:23,159
Speaker 8: countries obviously will have their own demands and their own interests,

544
00:27:23,200 --> 00:27:25,520
Speaker 8: but nothing will go into effect that doesn't serve the

545
00:27:25,520 --> 00:27:27,600
Speaker 8: interest of America and the American people.

546
00:27:28,240 --> 00:27:29,879
Speaker 7: When you look at the sweep.

547
00:27:29,720 --> 00:27:33,840
Speaker 8: Of the first one hundred days, every single crisis that

548
00:27:33,880 --> 00:27:39,880
Speaker 8: has afflicted America for years, sometimes decades, sometimes generations, this

549
00:27:40,359 --> 00:27:45,720
Speaker 8: president has fought head on. He has taken on every

550
00:27:45,920 --> 00:27:51,760
Speaker 8: entrenched power, structure and system all across this government, this swamp,

551
00:27:52,000 --> 00:27:54,840
Speaker 8: this town. That includes, of course the DOGE. Efforts to

552
00:27:54,920 --> 00:27:59,800
Speaker 8: slash corrupt, wasteful government spending, graft and corruption and to

553
00:27:59,800 --> 00:28:04,000
Speaker 8: stop billions of taxpayer dollars from going to radical left NGOs.

554
00:28:04,040 --> 00:28:07,480
Speaker 8: These are left wing nonprofits that are used to advance

555
00:28:08,040 --> 00:28:11,680
Speaker 8: illegal immigration, to advance open borders, to advance gener idiology,

556
00:28:11,960 --> 00:28:15,199
Speaker 8: and to advance all of this insanity that has been

557
00:28:15,240 --> 00:28:18,040
Speaker 8: turning our country in the wrong direction for so many years.

558
00:28:18,320 --> 00:28:22,479
Speaker 8: President Trump took head on the trade crisis of flicking

559
00:28:22,480 --> 00:28:25,840
Speaker 8: this country with the destruction of our manufacturing and industrial base,

560
00:28:26,280 --> 00:28:28,960
Speaker 8: the shameful betrayal of the American worker by Joe Biden

561
00:28:29,160 --> 00:28:31,520
Speaker 8: and the globalists that sent all of our supply chains

562
00:28:31,520 --> 00:28:36,080
Speaker 8: over she sees. He took head on the catastrophe of mass,

563
00:28:36,160 --> 00:28:39,240
Speaker 8: unlimited illegal immigration that was turning us into a failed

564
00:28:39,240 --> 00:28:41,920
Speaker 8: third world state, and achieved the lowest level of illegal

565
00:28:41,920 --> 00:28:47,040
Speaker 8: immigration in recorded history without even a close second. He

566
00:28:47,200 --> 00:28:50,680
Speaker 8: took on the economic crisis of flicking this country by

567
00:28:50,720 --> 00:28:55,200
Speaker 8: reopening American energy, by defeating inflation, by lowering gas prices,

568
00:28:55,320 --> 00:28:58,800
Speaker 8: by ending the onslaught and reversing the onslaught of federal regulation,

569
00:28:58,920 --> 00:29:02,640
Speaker 8: by reopening coal, oil, natural gas, and fighting now for

570
00:29:02,720 --> 00:29:06,360
Speaker 8: the largest tax cut and reform and the largest deregulation

571
00:29:06,560 --> 00:29:10,920
Speaker 8: reform and the largest energy reform in American history. These

572
00:29:10,960 --> 00:29:13,280
Speaker 8: are just some of the things that have ushered in

573
00:29:13,280 --> 00:29:15,680
Speaker 8: the New Golden Age, along with his fight to restore

574
00:29:15,720 --> 00:29:17,800
Speaker 8: the piece that we had for four years out of

575
00:29:17,840 --> 00:29:21,760
Speaker 8: the previous administration before Joe Biden sunk this planet into

576
00:29:21,800 --> 00:29:25,040
Speaker 8: bloodshed and war in the Middle East, in Europe and

577
00:29:25,160 --> 00:29:28,160
Speaker 8: rising tensions in Asia. President Trump, in every area of

578
00:29:28,160 --> 00:29:33,240
Speaker 8: conflict around the globe, has been fighting to restore peace, security, stability, harmony.

579
00:29:33,480 --> 00:29:37,480
Speaker 8: So he inherited an economic catastrophe, a border catastrophe, a

580
00:29:37,480 --> 00:29:42,320
Speaker 8: public safety catastrophe, and a cultural catastrophe, and every case

581
00:29:42,760 --> 00:29:46,080
Speaker 8: he has reversed those catastrophes and brought America into the

582
00:29:46,080 --> 00:29:49,600
Speaker 8: New Golden Age. It is a sad reflection on the

583
00:29:49,600 --> 00:29:52,880
Speaker 8: state of our media and many of the outlets represented

584
00:29:52,880 --> 00:29:58,160
Speaker 8: in this room that you obsessively try to shill for

585
00:29:58,280 --> 00:30:02,560
Speaker 8: this amesterteen terroris well. No coverage occurred in your papers

586
00:30:03,040 --> 00:30:06,280
Speaker 8: about any of the Americans that were raped and tortured

587
00:30:06,320 --> 00:30:10,040
Speaker 8: and murdered by the illegals that Biden was importing into

588
00:30:10,040 --> 00:30:14,520
Speaker 8: our country. You know, you talk about due process. The

589
00:30:14,560 --> 00:30:16,760
Speaker 8: Biden administration made the decision right there.

590
00:30:16,800 --> 00:30:21,160
Speaker 4: Stephen Miller, And here's whur I love Stephen no bedside manner.

591
00:30:21,760 --> 00:30:24,000
Speaker 1: You're getting it with the bark on right there.

592
00:30:24,080 --> 00:30:27,960
Speaker 4: But man, remember he ain't reading a script, He's not

593
00:30:28,040 --> 00:30:32,040
Speaker 4: looking off a screen. That comes from the heart and

594
00:30:32,120 --> 00:30:36,280
Speaker 4: the brain because he's worked on this project as a

595
00:30:36,280 --> 00:30:43,959
Speaker 4: grundon on Michelle Bachman's staff in the summer of twenty thirteen.

596
00:30:43,600 --> 00:30:45,040
Speaker 1: I believe it was twenty thirteen.

597
00:30:46,520 --> 00:30:49,680
Speaker 4: Is Michelle Bachman and Steve King, and I'm talking two

598
00:30:49,760 --> 00:30:53,160
Speaker 4: or three people in the House maybe five total, that

599
00:30:53,280 --> 00:30:56,840
Speaker 4: held off an msty onslaught. That was you had Sergio,

600
00:30:57,960 --> 00:30:59,760
Speaker 4: you had Miller, and then later in the Senate was

601
00:30:59,760 --> 00:31:03,320
Speaker 4: Setians beat back all of the Bush effort, all the

602
00:31:03,360 --> 00:31:04,640
Speaker 4: Republican establishment effort.

603
00:31:04,720 --> 00:31:05,760
Speaker 1: This guy knows it.

604
00:31:06,120 --> 00:31:09,480
Speaker 4: The first policy staffer ever to go in the Trump

605
00:31:09,520 --> 00:31:15,640
Speaker 4: campaign in September of fifteen, maybe December fifteen, early sixteen,

606
00:31:16,400 --> 00:31:18,880
Speaker 4: as really the first as a speech writer and policy guy,

607
00:31:19,320 --> 00:31:21,520
Speaker 4: when they had like three or four people on the plane, Corey,

608
00:31:21,920 --> 00:31:25,280
Speaker 4: you know, Hope and a couple of others. Miller knows

609
00:31:25,320 --> 00:31:30,280
Speaker 4: that he's now Deputy White House Chief of Staff for policy.

610
00:31:30,440 --> 00:31:31,360
Speaker 1: He knows these policies.

611
00:31:31,440 --> 00:31:35,120
Speaker 4: You're getting it right there, the confronting of the crises

612
00:31:36,360 --> 00:31:41,560
Speaker 4: that's afflicted America, right, that's ripped our greatness away from us.

613
00:31:42,000 --> 00:31:44,360
Speaker 1: And that's what you've seen what I call this summer now,

614
00:31:44,480 --> 00:31:45,360
Speaker 1: this phase two, the.

615
00:31:45,400 --> 00:31:50,000
Speaker 4: Convergence of these crises are coming together, because that's part

616
00:31:50,000 --> 00:31:53,320
Speaker 4: of the resistance and part of the globalist up here.

617
00:31:53,760 --> 00:31:57,000
Speaker 4: As you're going to get into this massive, massive, massive

618
00:31:57,040 --> 00:31:59,840
Speaker 4: piece of legislation, of which just.

619
00:32:00,160 --> 00:32:03,240
Speaker 1: Understand and in the in the in the UH, in

620
00:32:03,320 --> 00:32:04,160
Speaker 1: these huge.

621
00:32:03,920 --> 00:32:07,480
Speaker 4: Bills, they're going to try to screw you every possible way,

622
00:32:07,560 --> 00:32:10,280
Speaker 4: and we're gonna make sure that doesn't happen, or we're

623
00:32:10,320 --> 00:32:14,920
Speaker 4: gonna go down fighting. Okay, I can't promise ultimate victory,

624
00:32:15,240 --> 00:32:17,400
Speaker 4: but we're gonna give as good as we get, and

625
00:32:17,440 --> 00:32:19,720
Speaker 4: I think we're gonna get victory. So let's let's get

626
00:32:19,760 --> 00:32:22,640
Speaker 4: manned up here. One of the most important is about energy.

627
00:32:22,800 --> 00:32:25,640
Speaker 4: Is what President Trump has done today, just heard Miller

628
00:32:25,720 --> 00:32:27,040
Speaker 4: right there across the board.

629
00:32:28,160 --> 00:32:30,560
Speaker 1: Is that executive order? Is it a start that's going

630
00:32:30,640 --> 00:32:32,280
Speaker 1: to lead us to a place? Is it? Is it

631
00:32:32,320 --> 00:32:34,720
Speaker 1: a final product? Is where are we going?

632
00:32:34,840 --> 00:32:37,560
Speaker 4: And particularly is there any because this same kind of

633
00:32:37,560 --> 00:32:40,560
Speaker 4: gets rolled up in many different types of areas. What

634
00:32:40,560 --> 00:32:42,440
Speaker 4: what concerns me when I look at the trade and

635
00:32:44,160 --> 00:32:46,320
Speaker 4: Charles from American Server is gonna join us a moment.

636
00:32:46,880 --> 00:32:51,960
Speaker 4: Is you like what's exempted? Why are these solar? Why

637
00:32:52,000 --> 00:32:54,240
Speaker 4: is solar still coming in? Why is wind still coming in?

638
00:32:54,240 --> 00:32:57,160
Speaker 4: Particularly in President Trump the test win and he ain't

639
00:32:57,160 --> 00:32:59,280
Speaker 4: a fan of solar thoughts.

640
00:32:59,720 --> 00:33:03,320
Speaker 9: He's taking a prudent, stepwise process of doing what he

641
00:33:03,440 --> 00:33:06,560
Speaker 9: can do to then set up the predicate for getting

642
00:33:06,560 --> 00:33:11,120
Speaker 9: at these incentives later legislatively and if not legislatively, through his.

643
00:33:11,320 --> 00:33:14,160
Speaker 1: Proclamation of a National Energy emergency with very why do

644
00:33:14,200 --> 00:33:17,000
Speaker 1: we need legislative right now? He's got it's a national emergency? Well, right,

645
00:33:17,040 --> 00:33:18,160
Speaker 1: can't he do everything right now?

646
00:33:18,160 --> 00:33:21,040
Speaker 4: He's a Zara booms can't just come in e'shy but

647
00:33:21,200 --> 00:33:22,480
Speaker 4: doing in other areas.

648
00:33:22,160 --> 00:33:25,640
Speaker 9: Because of the he's not going to need legislative support.

649
00:33:25,880 --> 00:33:28,040
Speaker 9: The tariffs were one weapon, but weapon two is one.

650
00:33:28,080 --> 00:33:32,520
Speaker 9: Selden finishes with his study of the of the Obama

651
00:33:32,600 --> 00:33:35,880
Speaker 9: era endangerment finding that determined CO two to be the

652
00:33:36,080 --> 00:33:38,800
Speaker 9: national issue ahead of any other, any other, any kind

653
00:33:39,040 --> 00:33:42,920
Speaker 9: industrial productivity, the welfare human beings, any other that became

654
00:33:42,960 --> 00:33:46,160
Speaker 9: the issue once he once Selden unravels that, and I

655
00:33:46,280 --> 00:33:49,000
Speaker 9: believe he will with his announced study of that, plus

656
00:33:49,080 --> 00:33:51,480
Speaker 9: Lee went ahead with thirty two other regulations.

657
00:33:51,000 --> 00:33:53,760
Speaker 4: And especially saying CO two is a poison gas. Exactly,

658
00:33:53,920 --> 00:33:56,040
Speaker 4: it was a quivalent muscle gas in World War One.

659
00:33:56,560 --> 00:33:59,800
Speaker 4: Everything has every way worse, possibly worse cosby were But

660
00:34:00,000 --> 00:34:02,200
Speaker 4: everything is in the nation people, Folks, you don't understand

661
00:34:02,200 --> 00:34:04,520
Speaker 4: how radically these people everything else in the nation has

662
00:34:04,600 --> 00:34:06,880
Speaker 4: to take a back seat until because we've got to

663
00:34:06,880 --> 00:34:08,200
Speaker 4: get mustard gas out of the air.

664
00:34:08,600 --> 00:34:11,640
Speaker 9: Once that's done, once the EPA is done with that study,

665
00:34:11,680 --> 00:34:13,399
Speaker 9: and it takes a couple of months, and then it's

666
00:34:13,440 --> 00:34:15,920
Speaker 9: got sixty days of review. He's in a position through

667
00:34:16,000 --> 00:34:19,080
Speaker 9: the Energy Emergency, he's announced a ready the president to

668
00:34:19,160 --> 00:34:21,160
Speaker 9: peel back these incentives without Congress.

669
00:34:22,239 --> 00:34:23,919
Speaker 1: He could do it now, but this will make it even.

670
00:34:24,160 --> 00:34:25,160
Speaker 1: He'll have a more of it.

671
00:34:25,280 --> 00:34:27,920
Speaker 4: He'll have more of an intellectual because this thing is

672
00:34:28,000 --> 00:34:32,320
Speaker 4: going to also, folks, the swamp, the lobbies are not

673
00:34:32,440 --> 00:34:34,040
Speaker 4: on his side here because they're going to see if

674
00:34:34,080 --> 00:34:36,799
Speaker 4: possibility making a lot less money, right, So that's why

675
00:34:36,840 --> 00:34:38,880
Speaker 4: he needs to have firepower to go back. I mean,

676
00:34:38,960 --> 00:34:42,080
Speaker 4: this is like you've got big energy, you got or hear,

677
00:34:42,160 --> 00:34:45,560
Speaker 4: big electricity, you've got big pharma, you've got big tech.

678
00:34:45,600 --> 00:34:50,040
Speaker 4: I mean you had these institutional uh you know, structures

679
00:34:50,320 --> 00:34:53,239
Speaker 4: that are all sitting here with the fat cats making money.

680
00:34:53,360 --> 00:34:57,240
Speaker 9: It then becomes very hard harder, nominally harder for dominion energy.

681
00:34:57,560 --> 00:35:00,239
Speaker 9: The next era, specifically to name a few, to be

682
00:35:00,320 --> 00:35:03,360
Speaker 9: proclaiming the CO two is destroying the planet gets a

683
00:35:03,400 --> 00:35:06,480
Speaker 9: lot harder for them to stay behind that banner, which

684
00:35:06,560 --> 00:35:08,359
Speaker 9: is only a banner of theirs for the last four

685
00:35:08,440 --> 00:35:11,279
Speaker 9: or five years. They weren't on this page before. They

686
00:35:11,400 --> 00:35:13,200
Speaker 9: just they jumped on this four or five years ago

687
00:35:13,280 --> 00:35:16,360
Speaker 9: as a predicate to make money. Look, all the corporations

688
00:35:16,920 --> 00:35:18,480
Speaker 9: are by definitions cowards.

689
00:35:18,520 --> 00:35:20,480
Speaker 4: They'll all put the DEI stuff in there and try

690
00:35:20,520 --> 00:35:22,800
Speaker 4: to grind you into the ground. They will run to

691
00:35:22,880 --> 00:35:25,080
Speaker 4: the progressives. When they saw a way, they all came

692
00:35:25,120 --> 00:35:26,840
Speaker 4: on board because said, hey, this thing's kind of the

693
00:35:26,960 --> 00:35:28,920
Speaker 4: way the country's going. This is the way the elite's going.

694
00:35:28,960 --> 00:35:31,239
Speaker 4: Let's just get on board. There was no pushback from

695
00:35:31,280 --> 00:35:34,560
Speaker 4: the by people who should have known better. Right precisely,

696
00:35:34,640 --> 00:35:37,719
Speaker 4: there was no intellectual we're doing studies and here it is.

697
00:35:37,800 --> 00:35:39,440
Speaker 4: They just climbed on board because then they can go

698
00:35:39,480 --> 00:35:42,080
Speaker 4: to the clubs and go hang out and go to

699
00:35:42,120 --> 00:35:46,839
Speaker 4: the conferences and have CNBC at the Andrew or Ross

700
00:35:46,880 --> 00:35:49,479
Speaker 4: Sorkin at the Green Energy Conference, and all these guys

701
00:35:49,560 --> 00:35:50,960
Speaker 4: up there yammering this nonsense.

702
00:35:51,800 --> 00:35:55,200
Speaker 9: Now even in my home state and in West Palm Beach,

703
00:35:55,320 --> 00:35:58,120
Speaker 9: Siemens built a two thousand megawalk combined cycle plant and

704
00:35:58,200 --> 00:35:59,919
Speaker 9: a few acres of the city of West Paul Beach,

705
00:36:00,400 --> 00:36:02,480
Speaker 9: we built a huge plant to the West County Energy

706
00:36:02,520 --> 00:36:06,719
Speaker 9: Center okeechobege unit's massive investment by FP and L just

707
00:36:06,840 --> 00:36:10,640
Speaker 9: in the last seven years commissioning gigantic super efficient combined

708
00:36:10,680 --> 00:36:13,560
Speaker 9: cycle gas fired power plants in Florida when this was

709
00:36:13,600 --> 00:36:16,319
Speaker 9: as big an issue in the public sphere. And then

710
00:36:16,360 --> 00:36:19,680
Speaker 9: guess what something changed about two years after commissioning all

711
00:36:19,719 --> 00:36:21,880
Speaker 9: those plants. Oh, we're not going to build any more

712
00:36:21,880 --> 00:36:24,720
Speaker 9: of these now, no nuclear, none of this, all solar

713
00:36:24,800 --> 00:36:27,320
Speaker 9: for the next twenty years. So they jump off of

714
00:36:27,400 --> 00:36:31,280
Speaker 9: a diversified energy mix to now a single only solar

715
00:36:31,360 --> 00:36:34,120
Speaker 9: and battery storage energy mix for the next twenty years.

716
00:36:34,520 --> 00:36:37,920
Speaker 9: What changed while they formed next Terra, their holding company

717
00:36:38,000 --> 00:36:41,000
Speaker 9: is all about solar, wind and battery storage globally. It

718
00:36:41,080 --> 00:36:43,239
Speaker 9: has driven up their stock price. When the pencil heads

719
00:36:43,280 --> 00:36:46,480
Speaker 9: looked only at this as an avenue of growth, and

720
00:36:46,560 --> 00:36:49,080
Speaker 9: they made a fortune on Wall Street, and now they're

721
00:36:49,160 --> 00:36:52,959
Speaker 9: imposing this kind of model on Florida to basically ruin

722
00:36:53,040 --> 00:36:56,399
Speaker 9: reliability and drive costs up, which will be right.

723
00:36:56,400 --> 00:36:57,720
Speaker 1: On the rest of the energy.

724
00:36:58,560 --> 00:37:01,399
Speaker 4: His program is starting to kick right and we're seeing

725
00:37:01,520 --> 00:37:05,279
Speaker 4: energy prices come down. This is a full electricity is

726
00:37:05,320 --> 00:37:08,000
Speaker 4: over here, but the rest of energy prices are starting

727
00:37:08,000 --> 00:37:11,400
Speaker 4: to come down, and that rolls through petrochemicals, plastics, everything

728
00:37:11,440 --> 00:37:12,240
Speaker 4: else in society.

729
00:37:12,280 --> 00:37:13,799
Speaker 1: Correct the electricity takes time.

730
00:37:13,840 --> 00:37:16,040
Speaker 9: It's going to take the gas and oil cost on

731
00:37:16,160 --> 00:37:19,040
Speaker 9: what we've seen already from opening up more production, being

732
00:37:19,080 --> 00:37:22,040
Speaker 9: more open to it, more LNG also being produced, We're

733
00:37:22,040 --> 00:37:26,680
Speaker 9: going to see electricity prices relax once that gets used

734
00:37:27,239 --> 00:37:30,160
Speaker 9: to produce more electricity. That takes time to get more

735
00:37:30,200 --> 00:37:32,840
Speaker 9: plants permitted, more combined cycles, and we're seeing it's beginning

736
00:37:32,880 --> 00:37:36,080
Speaker 9: to happen. There's a huge gas turban ordering boom underway.

737
00:37:36,600 --> 00:37:39,600
Speaker 9: With the premonition of his being elected. This began last Those.

738
00:37:39,400 --> 00:37:41,200
Speaker 1: Gas termines going to be made here are we shipping

739
00:37:41,320 --> 00:37:42,000
Speaker 1: in from Germany?

740
00:37:42,160 --> 00:37:45,239
Speaker 9: Well, fortunately seventy percent of the world's supply of those

741
00:37:45,360 --> 00:37:48,480
Speaker 9: is made by g e Vernova they're assembled in Greenville.

742
00:37:48,560 --> 00:37:51,799
Speaker 9: The generators are built and s connected in Greenville, South Carolina. Yes, sir,

743
00:37:52,600 --> 00:37:56,600
Speaker 9: down there to those Greenville folks, probably okay, sixty sixty

744
00:37:56,640 --> 00:38:00,919
Speaker 9: percent US content on those. They're also made here, I demens, yeah,

745
00:38:01,040 --> 00:38:04,560
Speaker 9: and by mitsu Ishi here, and I don't mind all there.

746
00:38:04,920 --> 00:38:08,480
Speaker 9: They're localized, reasonably localized. There's a boom underway for that.

747
00:38:08,600 --> 00:38:11,640
Speaker 9: The presage this happening. So this is this is all

748
00:38:11,880 --> 00:38:15,480
Speaker 9: and it's going well. The endangerment finding repealing should kick

749
00:38:15,560 --> 00:38:16,279
Speaker 9: this into high gear.

750
00:38:16,880 --> 00:38:18,680
Speaker 4: Walsh is one of these guys like Benzman. We got

751
00:38:18,800 --> 00:38:21,400
Speaker 4: to use him as much as we can before you're losinghim.

752
00:38:22,719 --> 00:38:25,640
Speaker 4: I'm gonna also mention to Bratt when Wallh shows up,

753
00:38:25,800 --> 00:38:27,719
Speaker 4: he's got this is the old Goldman. Say you got

754
00:38:27,800 --> 00:38:31,160
Speaker 4: you got briefings, you got notes, you've got analysis. Walsh

755
00:38:31,200 --> 00:38:34,279
Speaker 4: comes in, he's bringing the receipts. Bratt has gotten a

756
00:38:34,280 --> 00:38:36,440
Speaker 4: little too. You know. Bratt is kind of he's kind

757
00:38:36,440 --> 00:38:39,320
Speaker 4: of skimming off the top plane off that that tennis

758
00:38:39,360 --> 00:38:43,640
Speaker 4: pro look just kidding. I love my Dave Brett, Dave Walsh, incredible.

759
00:38:44,680 --> 00:38:46,360
Speaker 4: Walshang on, You're gonna be with me for the for

760
00:38:46,480 --> 00:38:47,279
Speaker 4: the next hour or so.

761
00:38:49,200 --> 00:38:51,400
Speaker 1: The uh okay, A couple of things.

762
00:38:51,640 --> 00:38:55,480
Speaker 4: Number one, your exposure of what's happening in Texas and

763
00:38:55,680 --> 00:38:58,719
Speaker 4: in Florida on the Electra site People's heads book, I got,

764
00:38:58,840 --> 00:39:01,640
Speaker 4: I get. We want to talk about Texas for a minute.

765
00:39:02,239 --> 00:39:04,600
Speaker 4: There's more going on down in Texas. They just passed

766
00:39:04,640 --> 00:39:08,839
Speaker 4: this This Democratic House just pass this bill. I think

767
00:39:08,880 --> 00:39:10,640
Speaker 4: on memes or something. We're going to get into that.

768
00:39:11,480 --> 00:39:15,160
Speaker 4: If not this morning, this afternoon, this situation in Texas

769
00:39:15,280 --> 00:39:20,160
Speaker 4: not acceptable. Texas is the railhead of MAGA. I'm gonna

770
00:39:20,200 --> 00:39:22,000
Speaker 4: give that to that tip even more than Florida. And

771
00:39:22,080 --> 00:39:26,440
Speaker 4: we love ourselves some MAGA in Florida, because Texas had

772
00:39:26,440 --> 00:39:28,919
Speaker 4: an onslaught of about four hundred million dollars, a source

773
00:39:29,000 --> 00:39:32,120
Speaker 4: to turn the state blue. Remember that whole thing Overrourk,

774
00:39:32,280 --> 00:39:35,000
Speaker 4: that clown and all that group. It was beaten back

775
00:39:35,040 --> 00:39:41,280
Speaker 4: by the MAGA base. Trump twenty four by fourteen points.

776
00:39:41,520 --> 00:39:46,280
Speaker 4: That's a sole killer that came from places like South Texas,

777
00:39:46,320 --> 00:39:48,239
Speaker 4: in the Riar Grand Valley and other places like that.

778
00:39:48,520 --> 00:39:52,080
Speaker 4: Hispanic's starting to flip totally to President Trump. The hard

779
00:39:52,160 --> 00:39:55,320
Speaker 4: work of MAGA. Now in this House, you've got this

780
00:39:55,440 --> 00:39:58,480
Speaker 4: thing where the Democrats are running the deal, and you've

781
00:39:58,520 --> 00:40:00,960
Speaker 4: got this situation with this the all these mosque being

782
00:40:01,080 --> 00:40:03,440
Speaker 4: built down there in these Muslim real estate developments. Is

783
00:40:03,480 --> 00:40:06,800
Speaker 4: something going on big. We're getting people to the bottom

784
00:40:06,840 --> 00:40:09,480
Speaker 4: of it. On the tip of the spear down there

785
00:40:10,000 --> 00:40:12,640
Speaker 4: is Patriot Mobile. Is Glenn's story in the team. These

786
00:40:12,680 --> 00:40:15,160
Speaker 4: are the best folks in the world down there in

787
00:40:15,239 --> 00:40:17,400
Speaker 4: Tyrn County and Terrn County is kind of the railhead

788
00:40:17,440 --> 00:40:20,200
Speaker 4: where they've turned this thing around. Make sure any boy

789
00:40:20,200 --> 00:40:21,680
Speaker 4: the way, you don't need to be sold on. They

790
00:40:21,719 --> 00:40:24,840
Speaker 4: support your values. The service is unbelievable. This is the

791
00:40:25,160 --> 00:40:27,839
Speaker 4: best phone service out there because it lays on top

792
00:40:27,880 --> 00:40:30,680
Speaker 4: of all the different carriers and they've got every type

793
00:40:30,719 --> 00:40:32,279
Speaker 4: of different possibility.

794
00:40:32,360 --> 00:40:36,040
Speaker 1: Go to nine seven to Patriot Today. Do the switch.

795
00:40:37,239 --> 00:40:40,680
Speaker 4: Patriotmobile dot com put in promo code Bannon. You get

796
00:40:40,680 --> 00:40:43,359
Speaker 4: a big discake, get the first month free nine seven

797
00:40:43,400 --> 00:40:46,120
Speaker 4: to two Patriot talk to an United States citizen that

798
00:40:46,160 --> 00:40:51,080
Speaker 4: will guide you through everything. Shortbreak Dave Walsh riding Shotgun

799
00:40:51,160 --> 00:40:53,360
Speaker 4: this morning at Integrate back in a moment.

800
00:41:00,160 --> 00:41:02,160
Speaker 7: Use your host Stephen k Back.

801
00:41:04,200 --> 00:41:05,880
Speaker 1: Okay, there is a.

802
00:41:09,000 --> 00:41:11,520
Speaker 4: The reason we're going back and forth. Look this this

803
00:41:11,600 --> 00:41:14,040
Speaker 4: morning there's a lot going on here in the Imperial Capital.

804
00:41:15,200 --> 00:41:18,200
Speaker 4: Story's leaking now for multiple sources. We're gonna have Jack

805
00:41:18,200 --> 00:41:19,919
Speaker 4: Posovaca over at the top of the hour. It looks

806
00:41:20,000 --> 00:41:25,480
Speaker 4: like potentially a massive restruction of the National Security Council.

807
00:41:26,160 --> 00:41:28,560
Speaker 4: It's been reported, and we're going to get play clips

808
00:41:28,560 --> 00:41:29,000
Speaker 4: at the top.

809
00:41:30,640 --> 00:41:32,440
Speaker 1: This is I think been brewing for a while. As

810
00:41:32,480 --> 00:41:34,279
Speaker 1: you know, Laura Lumer went in.

811
00:41:34,400 --> 00:41:36,640
Speaker 4: And top six guys or six of the top guys

812
00:41:36,719 --> 00:41:38,240
Speaker 4: under Axe Wong were removed.

813
00:41:38,520 --> 00:41:40,560
Speaker 1: There's all kind of discussions. I'm of the camp.

814
00:41:41,760 --> 00:41:45,360
Speaker 4: I'm of a big believer of a note scalps policy,

815
00:41:45,400 --> 00:41:49,920
Speaker 4: at least for some interim period of time. Maybe the

816
00:41:49,920 --> 00:41:51,960
Speaker 4: one hundred days was deemed there's gonna be that, maybe

817
00:41:51,960 --> 00:41:55,760
Speaker 4: it was untenable. I know that their situation with Persian

818
00:41:55,840 --> 00:41:58,279
Speaker 4: and with the UTIs and so many different aspects of

819
00:41:58,280 --> 00:42:01,480
Speaker 4: over the world and the Ukraine situation, all of it.

820
00:42:02,680 --> 00:42:04,040
Speaker 4: And the President is going to do what he's going

821
00:42:04,120 --> 00:42:05,480
Speaker 4: to do. But we're going to get to the bottom

822
00:42:05,520 --> 00:42:08,440
Speaker 4: of this. Of the timing of it is it now

823
00:42:08,640 --> 00:42:10,840
Speaker 4: is going to be later. So we're going to but

824
00:42:11,000 --> 00:42:13,440
Speaker 4: a massive story from MAGA and a massive story for

825
00:42:13,480 --> 00:42:17,680
Speaker 4: the President ied states. At least being reported from supposedly

826
00:42:18,080 --> 00:42:21,319
Speaker 4: high level sources, is that the National Security Council. When

827
00:42:21,360 --> 00:42:23,280
Speaker 4: I say that it's at least it has been reported

828
00:42:23,320 --> 00:42:27,040
Speaker 4: by CBS News, being reported by many different and that's

829
00:42:27,120 --> 00:42:31,360
Speaker 4: Jennifer Jacobs, and she's quite dialed in in others that

830
00:42:31,960 --> 00:42:33,480
Speaker 4: both Dave.

831
00:42:33,440 --> 00:42:34,239
Speaker 1: Waltz and.

832
00:42:36,160 --> 00:42:40,680
Speaker 4: Alex Wong, the National Security Advisor and the deputy are

833
00:42:40,760 --> 00:42:43,759
Speaker 4: going to leave and maybe leaving imminently. And like I said,

834
00:42:43,760 --> 00:42:45,240
Speaker 4: we're going to run this down some of the reasons

835
00:42:45,280 --> 00:42:49,000
Speaker 4: I've been not listening to Dave walsher with one air.

836
00:42:49,040 --> 00:42:52,200
Speaker 4: But Dave Walsh, how you get host the show? This

837
00:42:52,320 --> 00:42:55,760
Speaker 4: is a lesson for Bratt. You come, this is receives.

838
00:42:55,880 --> 00:42:57,560
Speaker 4: I mean, I feel like I'm Golden Saga. I feel

839
00:42:57,560 --> 00:42:59,200
Speaker 4: like I'm back as associate. I'm getting ready to do

840
00:42:59,239 --> 00:43:02,160
Speaker 4: my present day. You got you got your notes scribbled everywhere.

841
00:43:02,400 --> 00:43:04,560
Speaker 4: Walsh comes from praise with my dad. He comes from parity.

842
00:43:04,560 --> 00:43:07,640
Speaker 4: He's ready to go. You're not gonna he's only bringing receipts.

843
00:43:07,719 --> 00:43:10,080
Speaker 1: It's no happy. He's not a pundit. He's here to

844
00:43:10,200 --> 00:43:14,040
Speaker 1: deliver it. This is so much going on, So we're

845
00:43:14,040 --> 00:43:15,920
Speaker 1: gonna get through. All that leisure is also going to

846
00:43:15,960 --> 00:43:16,239
Speaker 1: be here.

847
00:43:17,080 --> 00:43:20,200
Speaker 4: Incredible committee and Present Day or China yesterday did the

848
00:43:20,400 --> 00:43:25,120
Speaker 4: best rollout for the conclave in the Vatican, taking the

849
00:43:25,200 --> 00:43:27,279
Speaker 4: perspective of what the Vatican has agreed to with the

850
00:43:27,360 --> 00:43:30,520
Speaker 4: Chinese Chemists Party and others. Just amazing liizure is gonna

851
00:43:30,520 --> 00:43:33,520
Speaker 4: be worth Posto is gonna be with us. Dave olshoing

852
00:43:33,640 --> 00:43:36,480
Speaker 4: me hanging around. I want to go to amazing peace.

853
00:43:37,280 --> 00:43:42,440
Speaker 4: Charles Bennet ben Wa joins US Coalition for Prosperous America.

854
00:43:42,920 --> 00:43:46,239
Speaker 4: These are original gangsters when it comes These are ogs

855
00:43:46,320 --> 00:43:50,480
Speaker 4: when it comes to bringing manufacturing jobs back to the

856
00:43:50,640 --> 00:43:51,200
Speaker 4: United States.

857
00:43:51,239 --> 00:43:54,560
Speaker 1: You guys been fighting on this for a long time, Charles.

858
00:43:54,880 --> 00:43:57,440
Speaker 4: Normally the American Conservative is not a place I think

859
00:43:57,480 --> 00:43:59,879
Speaker 4: I was going to see an article like yours. Give

860
00:44:00,040 --> 00:44:02,680
Speaker 4: you can get it up. You gave one hundred day assessment,

861
00:44:02,760 --> 00:44:06,360
Speaker 4: but it was most detailed. Look and really where it's no,

862
00:44:06,600 --> 00:44:09,239
Speaker 4: it's like a Dave Walsh presentation. This is no happy talk.

863
00:44:09,320 --> 00:44:11,560
Speaker 4: You get down deep into the math, You get deep

864
00:44:11,640 --> 00:44:15,600
Speaker 4: into where exactly we stand. What's your report card? Give

865
00:44:15,640 --> 00:44:17,640
Speaker 4: us summary for the audience, because we're going to push

866
00:44:17,680 --> 00:44:19,760
Speaker 4: this article out and I want everybody over the weekend

867
00:44:20,239 --> 00:44:21,600
Speaker 4: to take your time and read this thing.

868
00:44:21,920 --> 00:44:23,560
Speaker 1: Where do you think we stand with this? And how's

869
00:44:23,600 --> 00:44:25,920
Speaker 1: the president and his team doing so?

870
00:44:26,920 --> 00:44:29,080
Speaker 10: Saying even ten out of ten wouldn't be doing it justice.

871
00:44:29,880 --> 00:44:32,440
Speaker 10: I was a cynic before President Trump. I thought we

872
00:44:32,520 --> 00:44:34,520
Speaker 10: were going to have to wait for, you know, World

873
00:44:34,560 --> 00:44:37,480
Speaker 10: War three to ever get this kind of reindustrialization drive.

874
00:44:37,719 --> 00:44:40,440
Speaker 10: America industrialized once, and it was after we were cut

875
00:44:40,480 --> 00:44:44,320
Speaker 10: off from European trade back in the Napoleonic Wars. We

876
00:44:44,400 --> 00:44:47,960
Speaker 10: industrialized once and then we de industrialized once. And you know,

877
00:44:48,000 --> 00:44:50,000
Speaker 10: I really want you go back to Jefferson's embargo actor.

878
00:44:50,520 --> 00:44:51,719
Speaker 10: I thought we were going to have to wait for

879
00:44:51,760 --> 00:44:54,800
Speaker 10: another war. So the fact that the American people voted

880
00:44:54,880 --> 00:44:57,759
Speaker 10: for a pro tariff president in peacetime and the fact

881
00:44:57,800 --> 00:45:02,000
Speaker 10: that we're getting this in peacetime, Wow, that's so. I mean,

882
00:45:02,360 --> 00:45:04,200
Speaker 10: just you have to give so much credit to President

883
00:45:04,200 --> 00:45:06,400
Speaker 10: Trump right off the top for even trying to do

884
00:45:06,480 --> 00:45:07,000
Speaker 10: what he's doing.

885
00:45:07,920 --> 00:45:12,080
Speaker 4: Now, Okay, hang on, hang on, hang on full stop,

886
00:45:12,160 --> 00:45:16,400
Speaker 4: because I got wallshar who's my guru on we've de

887
00:45:16,520 --> 00:45:19,719
Speaker 4: industrialized on the energy side for this weird cult or

888
00:45:19,719 --> 00:45:22,399
Speaker 4: bring is walk me through I'm gonna keep you into

889
00:45:22,440 --> 00:45:25,160
Speaker 4: the next hour. Walk me through when you say we

890
00:45:25,600 --> 00:45:29,760
Speaker 4: went through a process of de industrialization, tell the audience

891
00:45:30,040 --> 00:45:32,680
Speaker 4: specifically what that is and what's the impact. Then.

892
00:45:33,840 --> 00:45:36,400
Speaker 10: Yeah, So people like to think we started the industrializing

893
00:45:36,440 --> 00:45:40,280
Speaker 10: in the eighties. Look, it actually started in nineteen thirty four. Okay,

894
00:45:40,400 --> 00:45:43,359
Speaker 10: that is when I call that year zero. That's when

895
00:45:44,239 --> 00:45:47,080
Speaker 10: Congress handed over the tariff authority to presidents. We've never

896
00:45:47,160 --> 00:45:49,759
Speaker 10: had a good president on trade until President Trump. So

897
00:45:50,760 --> 00:45:54,120
Speaker 10: some industries we lost in the nineteen fifties, bicycling, flatwear,

898
00:45:54,320 --> 00:45:57,759
Speaker 10: they were very quick to go steal, very lost huge

899
00:45:57,800 --> 00:46:01,160
Speaker 10: market share. And it's been a slow bleedout ever since

900
00:46:01,200 --> 00:46:05,720
Speaker 10: World War Two, one after another, the global multi lavel

901
00:46:05,760 --> 00:46:08,880
Speaker 10: trading system, the GAT General tariffs and trade, it has

902
00:46:08,920 --> 00:46:11,279
Speaker 10: all these little things kind of slow the bleedout. And

903
00:46:11,400 --> 00:46:14,000
Speaker 10: so we've had all of these little terrifactions over the

904
00:46:14,120 --> 00:46:17,000
Speaker 10: last seventy five years, you know, anti dumping, countervailing duties,

905
00:46:17,080 --> 00:46:20,160
Speaker 10: that kind of thing safeguards by this factory a few

906
00:46:20,239 --> 00:46:24,160
Speaker 10: more years. But it's been a steady slow bleedout, not

907
00:46:24,320 --> 00:46:27,520
Speaker 10: just on in manufacturing, agriculture too. We are now a

908
00:46:27,600 --> 00:46:31,399
Speaker 10: net food importer that happened under President Biden. So it's

909
00:46:31,440 --> 00:46:36,720
Speaker 10: a catastrophic situation. And again hats off to the president

910
00:46:36,800 --> 00:46:37,960
Speaker 10: for trying to turn the ship around.

911
00:46:39,400 --> 00:46:42,320
Speaker 4: What is the logic, though, tell me what's the industrial

912
00:46:42,440 --> 00:46:44,919
Speaker 4: logic of why this happens over a period of time.

913
00:46:45,400 --> 00:46:48,720
Speaker 4: Is because of they're looking for cheap labor, chief energy sources.

914
00:46:48,840 --> 00:46:51,399
Speaker 4: Why do we go through a process of de industrialization.

915
00:46:51,480 --> 00:46:52,200
Speaker 4: Who benefits?

916
00:46:53,760 --> 00:46:57,640
Speaker 10: That's an excellent question and many you know the a

917
00:46:57,719 --> 00:47:00,120
Speaker 10: lot of the people Okay, yeah, I have to like

918
00:47:00,200 --> 00:47:01,600
Speaker 10: one that lot of people don't pick up on, which

919
00:47:01,680 --> 00:47:05,760
Speaker 10: is international creditors. So after World War One, we became

920
00:47:05,840 --> 00:47:09,120
Speaker 10: a net creditor nation Wall Street. They lent all this

921
00:47:09,239 --> 00:47:11,480
Speaker 10: money to Europe to rebuild. It was a real problem.

922
00:47:11,960 --> 00:47:14,520
Speaker 10: There was not enough dollars. It's hard to mention it nowadays,

923
00:47:14,560 --> 00:47:18,960
Speaker 10: but there was not enough dollars circulating overseas for US

924
00:47:19,080 --> 00:47:21,000
Speaker 10: lenders to get repaid. And it wasn't just banks, but

925
00:47:21,080 --> 00:47:23,520
Speaker 10: even our largest multinationals. We were the world's factory at

926
00:47:23,520 --> 00:47:26,840
Speaker 10: the turn of the twentieth century, and we are exporting

927
00:47:26,880 --> 00:47:29,839
Speaker 10: because we make the best stuff, and people have owed

928
00:47:29,880 --> 00:47:31,280
Speaker 10: us money all over the world. They didn't have dollars

929
00:47:31,280 --> 00:47:31,680
Speaker 10: to repay.

930
00:47:31,920 --> 00:47:33,120
Speaker 1: That was a major driver.

931
00:47:33,520 --> 00:47:37,160
Speaker 10: In the nineteen fifties, the Department of Commerce, even the

932
00:47:37,200 --> 00:47:41,680
Speaker 10: Department of Commerce acted programs to actively promote imports so

933
00:47:42,040 --> 00:47:46,839
Speaker 10: that more dollars would be sent overseas and those they

934
00:47:46,880 --> 00:47:48,520
Speaker 10: would then have dollars to repay.

935
00:47:48,320 --> 00:47:49,200
Speaker 1: Their US debts.

936
00:47:49,239 --> 00:47:52,920
Speaker 10: So that was a driving factor. Then also the labor movement, right,

937
00:47:53,000 --> 00:47:55,520
Speaker 10: the labor movement really took off in the early twentieth century.

938
00:47:55,719 --> 00:47:57,759
Speaker 10: And that's when again you have big manufacturers being like,

939
00:47:57,800 --> 00:48:00,600
Speaker 10: oh my gosh, well maybe I should offshore. There was that,

940
00:48:01,440 --> 00:48:04,600
Speaker 10: and then what those were in the early the first

941
00:48:04,640 --> 00:48:05,520
Speaker 10: half of twentyth century.

942
00:48:05,560 --> 00:48:07,240
Speaker 1: I would take those of the chipet tourses.

943
00:48:07,280 --> 00:48:11,439
Speaker 4: Hey, Charles, Charles, hang one second, hang on dag deep breath,

944
00:48:12,400 --> 00:48:16,280
Speaker 4: you're gonna stick around. I got Dave walshrod shotgun today,

945
00:48:16,920 --> 00:48:20,040
Speaker 4: fantastic on energy. I got the de industrialization of America,

946
00:48:20,320 --> 00:48:24,080
Speaker 4: and more importantly, what in the hell we're doing about it?

947
00:48:24,960 --> 00:48:27,480
Speaker 4: As Charles just said, for the first time in the

948
00:48:27,560 --> 00:48:30,799
Speaker 4: country's history, at least it's the nineteenth century, we've got

949
00:48:30,880 --> 00:48:32,720
Speaker 4: a president not just pro tariff.

950
00:48:32,800 --> 00:48:34,440
Speaker 1: What that means as a code.

951
00:48:34,239 --> 00:48:39,040
Speaker 4: Work for bringing back high value added manufacturing jobs in

952
00:48:39,040 --> 00:48:42,360
Speaker 4: the United States of America and making US a manufacturing hedgem.

953
00:48:42,440 --> 00:48:46,960
Speaker 4: On again to return America to her original greatness.

954
00:48:47,040 --> 00:48:50,160
Speaker 1: Short commercial break. The right Stuff's gonna take us out.

955
00:48:50,239 --> 00:48:50,680
Speaker 7: You know why.

956
00:48:51,600 --> 00:48:54,480
Speaker 1: The MAGA movements got it. President Trump's got it. You've

957
00:48:54,560 --> 00:48:56,040
Speaker 1: got it. Next in the war room,