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Speaker 1: Well, let's say a look at that bell, whereas that

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Speaker 1: ballot ringing a seaport entertainment nurse hockey scene. On Monday, folks,

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Speaker 1: I'll tell you very quickly, very very muted session again today,

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Speaker 1: another split session. Dow, Jones a little lower on the day,

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Speaker 1: NASDAC a little higher on the day. SMP about flat again.

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Speaker 1: People waiting they got the good news. I guess it's

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Speaker 1: called good news out of the European Union. In Scotland,

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Speaker 1: Trump and the EU signed a deal to have a

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Speaker 1: fifteen percent reciprocal trade going back and forth. Markets liked

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Speaker 1: it at first. Overnight it looked like it was going

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Speaker 1: to be good. Kind of toned down all day because

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Speaker 1: again August first, which is I believe Friday, is the

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Speaker 1: day that the full boat, the massive tariffs go into play.

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Speaker 1: Trump says he's going to negotiate right up into and

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Speaker 1: through August first, so everyone's kind of on hold. Also,

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Speaker 1: some major earnings this week, so expect today and tomorrow.

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Speaker 1: Today was quiet. Tomorrow should be quiet as well because Wednesday,

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Speaker 1: a lot of they call it the Magnificent seven, the

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Speaker 1: Apples and the metas and the big the big tech

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Speaker 1: stocks are going to report earnings Wednesday and Thursday, so

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Speaker 1: look for some big movements Wednesday and Thursday. Crypto up

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Speaker 1: a little bit from Friday. It was up a lot more.

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Speaker 1: At one point over the weekend it hit one hundred

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Speaker 1: and twenty thousand, backed off a little bit. Bitcoin one

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Speaker 1: hundred and eighteen thousand, Ethereum thirty seven thirty eight hundred,

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Speaker 1: almost doing very well. Gold down a touch because people

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Speaker 1: get feeling a little better about things. All in all,

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Speaker 1: not a very bad day whatsoever in the markets. We'll

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Speaker 1: keep our eye on.

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Speaker 2: Stuff, all right, folks.

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Speaker 1: My first guest is the good Senator from Wisconsin who

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Speaker 1: says the US doesn't have a revenue problem. We have

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Speaker 1: us spending problem. Here to tell us more, Senator Ron Johnson,

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Speaker 1: by the way, the Republican from the great state of Wisconsin. Senator, Yeah, okay,

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Speaker 1: we have spending problem. We certainly don't. I mean, you

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Speaker 1: take in whatever six five six seven trillion dollars in

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Speaker 1: revenue nion spending seven and a Yeah, we got ourselves

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Speaker 1: a problem, but we have We've never seen to not

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Speaker 1: have had that problem, have we centered.

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Speaker 3: Well, it was certainly under control a tail end of

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Speaker 3: the nineteen nineties where we had I think three years

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Speaker 3: of budget surpluses. Now, we certainly started the military at

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Speaker 3: that point in time. This was before nine to eleven,

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Speaker 3: so I mean the world has changed. But no, we've

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Speaker 3: never had a process to control spending. We don't have

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Speaker 3: a balanced budget requirement. I mean all I think all

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Speaker 3: the states do. So they're elected officials in the states.

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Speaker 3: They have to balance the budget. So they've got to

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Speaker 3: figure out, do we have to raise taxes, we have

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Speaker 3: to cut spending generally, because raising taxes is pretty painful, thankfully,

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Speaker 3: but most states restrained spending. What's been happening as the

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Speaker 3: federal government has grown and initiate all these programs, for example,

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Speaker 3: like Medicaid expansion, which is really the addition of Obamacare

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Speaker 3: to Medicaid, States are literally designing their budgets as well

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Speaker 3: as healthcare providers are really designing their budgets around the

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Speaker 3: federal ar jests. It's a nine to one match of

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Speaker 3: for single a single bodied there's single able bodied, working age,

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Speaker 3: childless adults. Again, that was Obamacare is just trying to

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Speaker 3: incentivize more people to come dependent on government, move toward

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Speaker 3: single payer system, and unfortunately it worked pretty well, and

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Speaker 3: it's costing the federal government hundreds of billions of dollars.

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Speaker 2: That we don't have.

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Speaker 3: So again, everything is tilted toward spending, spending, spending. Unfortunately,

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Speaker 3: most of the public the states just view the federal

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Speaker 3: government as just a fountain of unlimited wealth that we

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Speaker 3: just keep throwing money their way and we can't center.

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Speaker 2: You know, how is this going to work?

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Speaker 1: So Donald Trump is collecting you know, literally tens of note,

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Speaker 1: hundreds of billions of dollars in tariffs and fees and whatnot,

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Speaker 1: and he recently said something to the effect of, well,

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Speaker 1: maybe we'll send some money to the folks, right checks,

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Speaker 1: to taxpayers, people who are actually paying the taxes, not

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Speaker 1: the other half of the country that's not Does that

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Speaker 1: have can he declare that or does it have to

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Speaker 1: go through you know, the House in Congress.

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Speaker 2: First? I think it has to go through the House

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Speaker 2: in Congress.

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Speaker 3: You know, presidents have acted to not just President Trump

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Speaker 3: and let the courts sort it out later. The bottom

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Speaker 3: line is we can't afford to do that. I guess

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Speaker 3: I've had my thinking change as relates to tariffs. I

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Speaker 3: was concerned about their inflationary impact. It doesn't really seem

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Speaker 3: to have much of one. I'm certainly concerned about the

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Speaker 3: supply chain disruptions of the generalized trade wars.

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Speaker 2: But it looks like he's using his.

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Speaker 3: Leverage and I haven't tried to undermind that leverage to

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Speaker 3: negotiate these trade deals to bring stability back. But you know,

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Speaker 3: the bottom line is, if you had to design a

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Speaker 3: tax to pay for all this spending, arre's not a

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Speaker 3: bad one from a standpoint.

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Speaker 2: If it's a low rate, it's a broad base. That's

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Speaker 2: ru jailer, what were you looking at? But then it's

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Speaker 2: also revenue that that foreign governments and foreign companies pay part.

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Speaker 1: Of in that case, and then the money will go

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Speaker 1: back into the general fund rather than checks to the folks.

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Speaker 1: Otherwise you're going to continue to similar, similar deficits, similar

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Speaker 1: increase in debt. Right.

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Speaker 3: Yeah, but again my preference is reduced spending. I don't

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Speaker 3: want to fund the deep state. It's not why I

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Speaker 3: voted for Donald Trump. I want him to defeat the

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Speaker 3: deep state, not figure some way to fund it. So again,

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Speaker 3: we'll work, and you know, these are the assurances I

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Speaker 3: got during the you know, the negotiations of the one

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Speaker 3: Big Beautiful Bill is you know, start focusing on balancing

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Speaker 3: the budget. President Trump has declared that as his goal.

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Speaker 3: We are a long way from it. But you know,

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Speaker 3: I approach this like I did any problem in manufacturing. First,

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Speaker 3: admit you have it, then properly define it. You have

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Speaker 3: to look at the start reality of where we are

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Speaker 3: right now. The current CBO estimate for the next ten

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Speaker 3: years is about twenty six trillion dollars of depthsits over

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Speaker 3: the next ten years. Barring again, that doesn't include teris.

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Speaker 3: It doesn't include you know, stronger economic growth. It's only

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Speaker 3: a one point percent growth. It doesn't include the benefit of.

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Speaker 1: Economic ged We do understand that Trump Trump and Trump

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Speaker 1: World believes that with the big beautiful bill, the stimulus

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Speaker 1: will call stimulus, will increase the growth up to from

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Speaker 1: one point set one point eight, maybe up as high

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Speaker 1: as three percent, which would take care of a lot

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Speaker 1: of it. I don't want to I don't want to

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Speaker 1: haggle over that right now. So just because I want

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Speaker 1: one more finance question from you, and then when we'll

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Speaker 1: move on to what you said the deep state. Very quickly,

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Speaker 1: the Genius Act I believe that's the right name for it,

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Speaker 1: went through the House, went to send the people the

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Speaker 1: Folks like me are concerned that in the House they

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Speaker 1: made sure there are provisions to never allow the US

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Speaker 1: government to have that crypto current to make a national cryptocurrency. Right,

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Speaker 1: you know, it was not nationalized the crypto world. There

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Speaker 1: are folks who are concerned, like I am, is that

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Speaker 1: it may be pulled out at the Senate level. What

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Speaker 1: are your thoughts on it.

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Speaker 2: I do not believe we did that. The main reason

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Speaker 2: I voted for it.

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Speaker 3: The main sales point for the Genius Bill was it

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Speaker 3: backs up that cryptocurrency with reserve and those reserves are

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Speaker 3: going to be US instruments, So it's going to help

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Speaker 3: maintain the US is the world's reserve currency, and that's violent.

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Speaker 3: If we're thirty seven trillion dollars in debt on our

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Speaker 3: way to sixty the greatest threat we have is if

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Speaker 3: we're no longer the world's reserve currency and we've got

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Speaker 3: to borrow money on the same term as everybody else,

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Speaker 3: like Greece during their debt crisis. So again, the main reason,

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Speaker 3: the main rationale for the Genius Act was provide greatest

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Speaker 3: ability for at least one cryptocurrency backed by US government

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Speaker 3: bonds that will keep the demand for those and maintain

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Speaker 3: the US of the reserve currency.

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Speaker 2: Very good.

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Speaker 1: You put a lot of people's minds at ease, at

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Speaker 1: least for now. You mentioned deep state. Tulsa Gabbert provide

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Speaker 1: documentation proving collusion between President Obama, his administration, and the media,

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Speaker 1: and I will add in there a lot of this

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Speaker 1: was on the basis of faulty evidence developed by Hillary

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Speaker 1: Clinton as well. Sir, tell us where we stand, and

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Speaker 1: here's my question. I'm just going to just ask you

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Speaker 1: a point point. Are we going to see any purp walks?

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Speaker 3: Well, I hope there's a full fledged conspiracy investigation here

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Speaker 3: which opens the seing up, for example, the mar Lago raid,

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Speaker 3: so that we can indict someplace outside of DC. John

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Speaker 3: Durham was always famous for he wouldn't indict if he

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Speaker 3: didn't think he could get a conviction in DC. He

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Speaker 3: figured he probably could convict any Democrats, So this needs

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Speaker 3: to open up. I think the best venue to lay

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Speaker 3: out this story, which I've known for quite some time,

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Speaker 3: Telsea Gabbert has given us more documentation, but the best

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Speaker 3: way to lay this out for the public is in

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Speaker 3: a trial format where you can have the prosecutors day

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Speaker 3: after day, week after week, just go through all the

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Speaker 3: details of how this was really thought up by the

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Speaker 3: Hillary Clinton campaign.

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Speaker 2: She approved it.

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Speaker 3: Our Intelligence Committee got foreign intelligence that were aware of that.

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Speaker 3: Brendan brief President Obama on this.

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Speaker 2: He knew it.

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Speaker 3: Vice President Biden was in the room, so they all

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Speaker 3: knew that the Steele DOSSI was a hoax. They all

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Speaker 3: realized this is a political dirty trick and that they

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Speaker 3: ran with it. They kept pushing this false narrative. Then you,

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Speaker 3: of course had their co conspirators in the mainstream media

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Speaker 3: as well.

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Speaker 2: Because so much of this was known.

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Speaker 3: We knew that the subsort, the main subsource of the

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Speaker 3: Steele doss was some of the FBI was investigating as

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Speaker 3: a Russian spy. We knew all this stuff pretty early on,

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Speaker 3: and yet they continue with this turmoil through the twenty

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Speaker 3: twenty election and literally to this day.

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Speaker 1: Yes, yes, and I'm arguing with you because you're one

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Speaker 1: of the good ones, and you're one of the people

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Speaker 1: on our side. But I look at a good friend

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Speaker 1: of mine, Steve Bannon, who went to spend time in prison.

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Speaker 1: Right he had to cut a deal to say he

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Speaker 1: lied to the FBI or whatever whatever the deal he

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Speaker 1: cut was or Peter Navarro another one who went to prison,

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Speaker 1: two conservatives and others. You don't see liberal Democrats going

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Speaker 1: to jail for doing things a lot more that on

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Speaker 1: the surface, are a lot worse.

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Speaker 2: Than what Bannon and Navaro did. I think a lot

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Speaker 2: of folks out here just want.

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Speaker 1: The Republicans, you sir, to get tougher on the other side,

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Speaker 1: not just investigate them, incarcerate them.

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Speaker 2: Well, again, that my role is not to prosecute.

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Speaker 3: But again the problem is that these wrongs occur in

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Speaker 3: the DC district, which ninety percent of the jury pool

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Speaker 3: votes for Democrats, and historically you can't convict a Democrat.

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Speaker 3: It's easier to convict a Republican. So you see that dynamic.

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Speaker 3: That's why I say a criminal conspiracy investigation where you

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Speaker 3: can bring indictments in a trial venue that would actually have.

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Speaker 2: A fair trial. So I'm all for that.

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Speaker 3: I think I've thought people like Brennan and you know,

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Speaker 3: his henchmen have been criminals quite some time, because I've

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Speaker 3: pretty well known the story. Now we're just getting documentation

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Speaker 3: of it, and i'd love to see that documentation laid

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Speaker 3: out in court.

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Speaker 2: And yeah, I'd love to see people convicted. I'd love

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Speaker 2: to see those people go.

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Speaker 3: To jail because what they put this nation through, I

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Speaker 3: mean orders of magnitude, way worse than anything China Russia

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Speaker 3: could ever hope to achieve in terms of election expearence and.

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Speaker 2: Just the political turmoil.

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Speaker 3: But again, the legacy media, they're they're the co conspirators

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Speaker 3: here that they're not.

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Speaker 1: Just dam I know you can't you can't investigate, you

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Speaker 1: can incarcert but you can certainly refer to the Department

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Speaker 1: of Justice too.

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Speaker 2: I don't know.

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Speaker 1: I'd say Hillary Clinton, Barack Obama, I would say McCabe,

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Speaker 1: I'd say struck Page, I'd say uh Brinnan, call me Clapper,

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Speaker 1: send them all, lock them all up, Senator Obay, I

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Speaker 1: got a jump in.

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Speaker 2: Let's hope they proscute. I got a jump.

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Speaker 1: I appreciate your time, my friend. Senator Ron Johnson, thank

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Speaker 1: you so much. Take care all right, folks. This is

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Speaker 1: the continued divide between Trump and the Federal Reserve, putting

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Speaker 1: us behind the curve again. Can the Fed take the

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Speaker 1: right action at the right time or are we going

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Speaker 1: to be looking at a potential economic slowdown? And what

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Speaker 1: does this mean for your savings considered? Diversifying with gold

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Speaker 1: through Birch Gold Group. For decades, gold has been viewed

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Speaker 1: as a safe haven in time of economic stagnation, global uncertainty,

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Speaker 1: and high inflation, and Birch Gold makes it incredibly easy

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Speaker 1: for you to diversify some of your savings into gold.

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Speaker 1: If you have an IRA or an old four oh

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Speaker 1: one K, you can convert those into at tax sheltered

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Speaker 1: IRA in physical gold like I do, or just buy

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Speaker 1: some gold to keeping your safe like I do. First

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Speaker 1: get educated. Birch Gold will send you a free infokid

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Speaker 1: on gold. Just text America to nine eight nine eight. Again,

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Speaker 1: that's the word America to eight nine eight nine eight.

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Speaker 1: Considered diversifying a portion of your savings into gold. That way,

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Speaker 1: if the Fed can't stay ahead of the curve for

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Speaker 1: this country, at least you can stay ahead for yourself.

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Speaker 1: All right, before we had to break, don't forget the podcast,

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Speaker 1: But more importantly, I got Chris Cuomo coming up next. Folks,

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Speaker 1: Well you're gonna have a deep dive into some really

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Speaker 1: really interesting politics, media and more with YEP CNN former

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Speaker 1: CNN host Chris Croomo. We'll be here coming ups