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Speaker 1: Getting to be the highlight of my day is doing

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Speaker 1: the passover from Eric Bowling myself one time I get

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Speaker 1: to laugh. There's so much serious news out there, war, peace,

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Speaker 1: and prosperity. We're gonna go to the White House and

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Speaker 1: play a cold over start the war room. Today. We

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Speaker 1: have Natalie Winners, the White House correspondent. Is that the

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Speaker 1: White House, Julie Kelly's joining us breaking news from the courts.

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Speaker 1: Let's go ahead and let it write.

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Speaker 2: Do all Congressional Democrats believe that President Trump is pushing

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Speaker 2: for a civil war?

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Speaker 3: I can't speak for everyone.

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Speaker 4: I can, and certainly Miss Waters made her position clear.

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Speaker 1: Do I think he's you know, let me say this.

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Speaker 4: It is very clear that what Donald Trump is doing

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Speaker 4: right now is violently impacting the communities that we represent.

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Speaker 4: Whether that ultimately ends in the civil war remains to

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Speaker 4: be seen.

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Speaker 5: This is saying, let's just give up even more of

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Speaker 5: a cost story because hey, he can do a lot

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Speaker 5: worse later on. And so to me, that's capitulating to

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Speaker 5: someone who's already showing that he's reckless and willing to

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Speaker 5: do a lot of destruction. We are in a perverse

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Speaker 5: bizarro land where we're having to decide between letting Donald

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Speaker 5: Trump wreck the government this way or wreck the government

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Speaker 5: that way. So at what point do you say, I'm

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Speaker 5: going to stand and fight.

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Speaker 2: If you guys want this, it's going to shutdown and

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Speaker 2: essentially could be playing with fire here.

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Speaker 1: Well, it would be a Republican shutdown.

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Speaker 2: But not all Democrats are on that same page. Senator

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Speaker 2: John Fetterman, for one, has been the most outspoken in

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Speaker 2: supporting the Republican plan because he wants to avoid a

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Speaker 2: government shutdown. Democrats are concerned that that plan cuts domestic spending,

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Speaker 2: does not reign and Donald Trump does not reign. In

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Speaker 2: Elon Musk, But with the House out of town the

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Speaker 2: Senate and the Republicans in charge of the House and

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Speaker 2: the Senate, that may be their only choice to avoid

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Speaker 2: a government shutdown. Which is why we are hearing that

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Speaker 2: there are a growing number of Senate Democrats willing to

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Speaker 2: allow that House plan to become law and avert a

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Speaker 2: shutdow by tomorrow night na mony.

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Speaker 6: Just twenty four hours ago, at this time, you and

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Speaker 6: I were talking about what Chuck Schumer had announced in

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Speaker 6: saying that they were going to try to push back

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Speaker 6: against this plan. You seem to have a new reporting

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Speaker 6: that suggests that may no longer be the case.

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Speaker 2: Yeah, look, seuk Tchimer said on the Senate floor that

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Speaker 2: they would block they didn't have votes to block this

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Speaker 2: Republican plan to keep the government open through September, and

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Speaker 2: that the Democrats will essentially stand together here. But there

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Speaker 2: has been a change in appetite amongst some Democratic members

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Speaker 2: who they've been having these closed door debates for days,

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Speaker 2: including today a very lengthy closed door meeting, and talking

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Speaker 2: to members after that meeting, it is clear that there

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Speaker 2: is a growing belief that there will be enough Democrats

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Speaker 2: ultimately at the end of the day to vote to

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Speaker 2: advance this Republican plan and essentially allow it to become

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Speaker 2: law and avert a government shutdown. Now, these things are

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Speaker 2: still fluid and this strategy continues to develop, and there's

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Speaker 2: still some time before tomorrow night, but there is this

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Speaker 2: belief that ultimately at least eight Democrats that's what it

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Speaker 2: would take to break a Democratic filibuster, because he's sixty

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Speaker 2: votes to advance. So the Democrats have been grappling with

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Speaker 2: the dilemma that they are facing. It's either accept a

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Speaker 2: Republican plan that customers expended, does not reigning Donald Trump

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Speaker 2: or blocked that plan, and that could lead to a

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Speaker 2: prolonged government shut down. That dilemma is a question that

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Speaker 2: I posed about that dilemma the Senator Dick Blumenthal just

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Speaker 2: moments after that closed door launch.

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Speaker 1: Did Republicans ultimately.

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Speaker 2: Outmaneuver you guys here, leaving you in a situation where

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Speaker 2: is a lose lose situation.

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Speaker 3: Republicans have the majority in the House, they have the

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Speaker 3: majority in Senate, they have the White House. I think

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Speaker 3: at the end of a couple of years, maybe it's

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Speaker 3: just a matter of months, American people are going to

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Speaker 3: conclude absolute power, autocracy and tyranny not such a great idea.

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Speaker 3: So it's not a question being out maneuvered. It's what

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Speaker 3: Donald Trump is doing to the country.

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Speaker 2: Truck shuremur Casey is planning on going to the Centate

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Speaker 2: floor sometime this afternoon, potentially indicating whether in fact there

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Speaker 2: is a way out, whether or in fact there may be

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Speaker 2: enough Democrats to move ahead here. So potentially a shutdown

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Speaker 2: could be averted, but as you know, they could still

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Speaker 2: stumble into one and just a matter of hours.

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Speaker 1: Here this is the primal scream of a dying regime.

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Speaker 1: Pray for our enemies, because we're going to medieval on

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Speaker 1: these people. There's not got a free shot. All these

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Speaker 1: networks lying about the people, the people have had a

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Speaker 1: belly full of it. I know you don't like hearing that.

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Speaker 1: I know you tried to do everything in the world

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Speaker 1: to stop there, but you're not going to stop it.

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Speaker 1: It's going to happen.

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Speaker 7: And where do people like that go to share the

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Speaker 7: big line?

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Speaker 8: Mega media?

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Speaker 9: I wish in my soul, I wish that any of

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Speaker 9: 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 1: If that answer is to save my country, this country

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Speaker 1: will be saved.

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Speaker 10: War Room. Here's your host, Stephen.

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Speaker 1: K Back Thursday, thirteen March, year of Our Lord twenty

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Speaker 1: twenty five. Welcome to the late afternoon, early evening show

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Speaker 1: of the War Room. Right there Chuck Schumer as soon

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Speaker 1: as he goes to the Senate floor to let us

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Speaker 1: know his thinking about the Schumer shutdown, we will go

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Speaker 1: live to that. But we're gonna go to the White

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Speaker 1: House now with our White House correspondent, Natalie Winners. Natalie,

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Speaker 1: you've seen the back and forth all day. They look

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Speaker 1: like yesterday were gonna accommodate then overnight, and I count

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Speaker 1: Mark Warner, Tim Kaine, and Mark Kelly, Mark Kelly of Arizona,

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Speaker 1: and Mark Kelly is a guy they're talking about running

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Speaker 1: from president in twenty twenty eight. You got Warner, you

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Speaker 1: got Kin, who are considered moderates in that radical party,

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Speaker 1: but others have come out and said they're not there yet.

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Speaker 1: I don't know where they're to get these eight votes.

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Speaker 1: I know Jillibrand I've heard it's been screaming behind closed

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Speaker 1: doors that they've got to go along with this. Obviously,

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Speaker 1: the senators from Connecticut, maybe Schumer, they could be a

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Speaker 1: couple of short What are you hearing, Natalie Winners?

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Speaker 11: Well, Steve, I think it's important to focus on where

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Speaker 11: we're seeing the most movement going on right now. The

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Speaker 11: White House obviously came up very staunchly in support of

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Speaker 11: the cr They've been i would say, considerably less quiet

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Speaker 11: in terms of the Senate working its way through the process.

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Speaker 11: Right We obviously have Schumer making all those soundbites like

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Speaker 11: you just played, But I think what's really important to

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Speaker 11: pay attention to right now is where the sort of

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Speaker 11: grassroots Democrats are on this right If you look in

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Speaker 11: the same way that our audience knows just how we

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Speaker 11: hound our senators, our representatives. You're seeing the same exact

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Speaker 11: thing go down now with the Democrat grassroots for example.

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Speaker 11: Right these groups that were organizing those town halls to

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Speaker 11: oppose DOGE, groups like Indivisible, they have shepherded all their resources,

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Speaker 11: they have rallied the troops, and they are descending not

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Speaker 11: just upon Washington, but into these districts to really go

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Speaker 11: or I guess these states to go after these senators

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Speaker 11: to make sure that they hold the line and basically

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Speaker 11: force Trump into a shutdown. That is sort of the line,

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Speaker 11: the angle of attack that they're taking. I want to

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Speaker 11: put the pictures up on screen for you, Steve. Though,

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Speaker 11: groups like Indivisible particularly they shut down, they're framing it

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Speaker 11: through the lens of Musk or Us, and they are

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Speaker 11: now offering they are reimbursing protesters, whether it's at town

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Speaker 11: halls or wherever it may be, hundreds of dollars for

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Speaker 11: daring to come out and criticize the Trump administration and

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Speaker 11: basically support these senators who are not going to potentially

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Speaker 11: join that Gang of eight and help avert a government shutdown.

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Speaker 11: So I think It's really interesting to watch on that

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Speaker 11: side of the football, where the left wing activists are

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Speaker 11: trying to push these Democratic senators into not averting a shutdown.

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Speaker 11: But in terms of what's coming out from the White House,

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Speaker 11: they haven't i would say, been in terms of putting

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Speaker 11: out you know, the emails with the talking points. Obviously

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Speaker 11: Caroline loved and the press briefing discussed the cr but

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Speaker 11: they have not been as forceful with the messaging with

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Speaker 11: the Senate component of the stop gap funding. But the

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Speaker 11: left wing activists are certainly very forceful and they're messaging

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Speaker 11: on it.

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Speaker 1: Have you have you seen any additional activity normally when

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Speaker 1: we would have these the threat of the shutdowns, you

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Speaker 1: have russ vote, you have O and B. They're working

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Speaker 1: through what we call waterfalls, how cash comes in, Who

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Speaker 1: are the people that have to be there, the emergency people,

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Speaker 1: who are the necessary people. They're doing triage and really

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Speaker 1: going through and I know DOGE is obviously doing their

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Speaker 1: own independent assessment of folks and kind of this audit.

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Speaker 1: But you get any activity, there's any late night work

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Speaker 1: on the White House. So they seem to be fairly

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Speaker 1: complacent about this.

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Speaker 11: Well, look, Secretary Besson obviously did that brief press gaggled

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Speaker 11: this morning. I think he's been doing a lot more media.

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Speaker 11: Even Secretary Navarro yesterday took some questions, was doing a

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Speaker 11: lot of interviews about more broadly the economic stuff, but

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Speaker 11: that's of course inextricably linked to the shutdown stuff. To

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Speaker 11: be honest, I think that it's sort of an interesting

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Speaker 11: messaging framing because we've been hearing what now from Democrats

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Speaker 11: for weeks that you can't shut down the government all

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Speaker 11: the people that DOGE is trying to fire, that they're

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Speaker 11: so essential to the very fabric of this country. Right,

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Speaker 11: They've been weaponizing judges across the country to ensure that

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Speaker 11: President Trump's efforts to dismantle the federal government can't actually

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Speaker 11: be executed. But now you're essentially, i think, hearing the

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Speaker 11: inverse of that, right, they're now essentially arguing for a

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Speaker 11: shutdown in the name of politics. So I think that

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Speaker 11: the White House, for my estimations, is just sort of

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Speaker 11: letting them duke out the messaging front, in part because

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Speaker 11: it's kind of contrary to everything that they've been pushing

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Speaker 11: against DOGE. But they've also been frankly, Steve doing a

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Speaker 11: really horrific job on messaging, not just I think we

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Speaker 11: saw the first kind of examples of this during the

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Speaker 11: response to President Trump's Joint Session address. But these members

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Speaker 11: of the Senator just putting out copy and paste of

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Speaker 11: verbatim the same responses, right, And maybe the USAID money

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Speaker 11: dried up, but their efforts to push back are really insufficient.

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Speaker 11: So I think maybe the White House does not feel

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Speaker 11: as if they have to push back with such brute force.

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Speaker 1: Natalie, we stay right there. I got a lot more

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Speaker 1: to go through today. The White House was an action

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Speaker 1: center on many fronts. We're going to go back to

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Speaker 1: the White House with big breaking news. Erisco, we have

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Speaker 1: a clip to introduce Julie Kelly. So they told you

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Speaker 1: this morning the Federal Justice a federal judiciary insurrection against

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Speaker 1: President Trump continues, but they're rationing up to scale of

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Speaker 1: this pretty breathtaking. Let's gohe and play it.

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Speaker 9: Breaking news. A federal judge is ordering the Trump administration

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Speaker 9: to reinstate the jobs of thousands of probationary employees that

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Speaker 9: they fired just last month. Now, this preliminary injunction applies

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Speaker 9: to the Departments of Veterans, Affairs, Agriculture, Defense, Energy, Interior

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Speaker 9: and Treasury. Santain's Paula Reid is on this story. Paula,

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Speaker 9: I mean that's a lot.

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Speaker 1: That is a lot.

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Speaker 7: This happened just moments ago, and the judge, a Clinton appointee,

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Speaker 7: said he was making this ruling because he believes the

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Speaker 7: Office of Personnel Management unlawfully directed the agencies earlier this

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Speaker 7: year to lay off probationary employees. As you may remember,

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Speaker 7: this hearing was supposed to feature testimony from the director

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Speaker 7: of the Office of Personnel Management. He would have faced

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Speaker 7: probably pretty tough questions from lawyers representing unions, but the

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Speaker 7: Justice Department decided not to make him available and also

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Speaker 7: withdrew a declaration that he made last week about these firings.

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Speaker 7: And let me tell you, Dana, we've been listening to

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Speaker 7: this hearing in San Francisco. The judge was not pleased.

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Speaker 7: He said, quote, you're afraid to have this person testify

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Speaker 7: because you know cross examination will reveal the truth. I

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Speaker 7: tend to doubt that you're telling me the truth. And

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Speaker 7: judge went on to say, you're not helping me get

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Speaker 7: at the truth. You're giving me press releases sham documents,

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Speaker 7: referring to documents submitted by the Justice Department to the courts. Now,

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Speaker 7: going forward, the judge has ordered that another senior advisor

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Speaker 7: at the Office of Personnel Management be deposed, So these

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Speaker 7: lawyers are going to have at the opportunity to question

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Speaker 7: that senior advisor. The judge that he wants someone from

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Speaker 7: this agency to go under oath and to finally tell

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Speaker 7: the truth about exactly what happened with these firings. Now,

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Speaker 7: the judge also anticipated that this ruling today will likely

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Speaker 7: be appealed. He said, if you want to do that quote,

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Speaker 7: God bless you. But he says that he wants to

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Speaker 7: get to the bottom of exactly what happened with these firings.

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Speaker 7: So in the next two weeks we expect the senior

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Speaker 7: leader at PM could be deposed, depending on what happens

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Speaker 7: with the appeal.

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Speaker 9: Yeah, this is a very very big development, and real

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Speaker 9: quick before I let you go, given that, do we

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Speaker 9: have any sense of whether or not this ruling today

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Speaker 9: could impact what we were just talking about earlier in

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Speaker 9: the show, which is that there are more layoffs expected

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Speaker 9: very soon.

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Speaker 7: I think it would depend what specifically those layoffs are targeting.

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Speaker 7: Here we're talking about probationary employees at specific agencies. But

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Speaker 7: I'm sure the lawyers at the White House, at the

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Speaker 7: Justice Department, they are going to look at what the

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Speaker 7: judge said today decide if they want to appeal, because again,

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Speaker 7: another thing if don't want is an unfavorable ruling on appeal.

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Speaker 7: So I'm sure this is going to factor into their considerations.

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Speaker 7: But we know, Dana, they have lost several cases, they

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Speaker 7: have won many cases, and they continue to try to

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Speaker 7: call the size of the federal government through any means necessary.

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Speaker 9: Yeah, thanks, sure, dude, Thank you so much.

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Speaker 1: Stunning development, not just the scale of this decision, but

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Speaker 1: also basically the dressing down the judge gave of the government.

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Speaker 1: We've got about thirty seconds, Joe late, tell me what

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Speaker 1: you think we're going to hold you through the brake.

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Speaker 1: This was pretty stunning, man, it really is.

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Speaker 12: And this is just an escalation of what we see

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Speaker 12: federal judges doing in other jurisdictions, particularly Washington, d C.

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Speaker 12: Actively undermining the president's authority and his policy agenda to

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Speaker 12: significantly reduce the federal workforce. And you have labor unions

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Speaker 12: and other democratic interest groups who are suing the president

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Speaker 12: and his administration, and these federal judges, including this eighty

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Speaker 12: year old Clinton appointed judge in San Francisco, only too

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Speaker 12: happy to go along with.

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Speaker 1: This absolutely stunning. We're going to hold Julie Kelly a

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Speaker 1: lot more to go to on the federal judiciary insurrection.

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Speaker 1: I told you his insurrection, the challenging directly the power

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Speaker 1: of the President United States to make executive decisions as

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Speaker 1: chief executive officer of the United States government. I thought

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Speaker 1: that was in the constitution. Short commercial break, going to

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Speaker 1: go back to Julie Kelly, Natalie Winters, is that the

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Speaker 1: White House, who have a lot more to go through.

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Speaker 1: Philip Patrick is going to join US markets in global

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Speaker 1: term ole today all of it. Next in the war

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Speaker 1: room is your host, Stephen K. Bah So, Julie Kelly,

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Speaker 1: let me connect some dots here and as soon as

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Speaker 1: we get the clip from the less we're trying to

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Speaker 1: hone down the clip to what the judge said in

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Speaker 1: open court and dressing down President Trump's government. But I

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Speaker 1: want to be brutally frank, and I'm going to go

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Speaker 1: back to your report of yesterday, Judge Chuckin, Judge Burrow, Howe,

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Speaker 1: Judge Reyies, this new judge today, we remember those names Julie,

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Speaker 1: for the last three or four years of your reporting

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Speaker 1: on the January sixth, protesters of these judges and others

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Speaker 1: that are nothing more than a group of radical neo

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Speaker 1: Marxists that throughout the rule of law and send so

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Speaker 1: many people to jail forever. And now they are calling

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Speaker 1: President Trump's really their government illegitimate, illegal insurrectionists. I mean,

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Speaker 1: the contempt that comes through is so obvious, Julie Kelly

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Speaker 1: your thoughts.

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Speaker 12: It is really ironic for me, Steve to listen to

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Speaker 12: judges like Amy Berman Jackson, or Tanya Chuckkin or Beryl

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Speaker 12: Howell in particular, who is the chief judge of the

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Speaker 12: DC District Court for seven years and did everything in

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Speaker 12: her power in that unchecked, unaccountable position to destroy Donald Trump.

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Speaker 12: After listening to them for four years, accused a six

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Speaker 12: year old woman who walked into a government building on

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Speaker 12: a Wednesday afternoon of attempting as being a threat to democracy,

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Speaker 12: attempting to overturn the results of an election. And now

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Speaker 12: to see all of them systematically trying to thwart and

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Speaker 12: successfully so far as the Supreme Court sits on its

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Speaker 12: hands to thwart Donald Trump and the will of the

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Speaker 12: American people who elected him. And to your point, Steve,

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Speaker 12: they are brazenly demonstrating their can for Donald Trump his

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Speaker 12: entire administration, Elon Musk all of Donald Trump's voters in

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Speaker 12: these courtrooms. I'm going to be posting I just purchased

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Speaker 12: the transcript of Beryl Howell's hearing yesterday about the lawsuit

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Speaker 12: against Perkins COUI. The things that she said, again were

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Speaker 12: so out of bounds, saying that President Trump hasn't be

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Speaker 12: in his bonnet about Trump Russia collusion. Well, of course

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Speaker 12: he does. And she should have recused herself from presiding

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Speaker 12: over this lawsuit because she was the chief judge that

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Speaker 12: oversaw all of the activity of Special Counsel Robert Muller

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Speaker 12: handled all of the grand jury proceedings in that matter.

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Speaker 12: She is totally conflicted and invested in protecting Perkins Cooey

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Speaker 12: because of what she has previously done. So I'm going

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Speaker 12: to be posting snippets of that transcript tonight and people

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Speaker 12: can see for themselves what she has said. And of

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Speaker 12: course Judge Chuck Can also so poised to force City

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Speaker 12: Bank to turn over money that is being held there,

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Speaker 12: twenty billion dollars in climate funds that the Biden administration

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Speaker 12: sheltered at City Bank just a few days before the

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Speaker 12: election and is doling out to these eight nonprofit climate

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Speaker 12: nonprofits hundreds of millions every few weeks, and EPA administrator

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Speaker 12: Lee Zelden wants to claw that money back. She is

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Speaker 12: poised to enter a temporary straining order Steve preventing leads

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Speaker 12: Zelden from getting our money back from City Bank. Every

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Speaker 12: day gets worse and worse.

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Speaker 1: I just want to know that the two billion dollars

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Speaker 1: in foreign eight held up the money laundering operation at

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Speaker 1: City Corp money now with a group that had like

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Speaker 1: one hundred thousand dollars the bank. They're claiming six point

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Speaker 1: nine billion dollars were hung up there. Perkinskoy going offense

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Speaker 1: on these law firms were held up there. The President

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Speaker 1: I staates trying to downsize the government, which is his purview.

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Speaker 1: Downsize there. Every month, every different aspect of what we

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Speaker 1: told people was going to be the rollout of the

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Speaker 1: deconstruction administrative state and really setting things right and balancing

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Speaker 1: out the weaponization and government against people, Every single aspect

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Speaker 1: of it has been stopped by some local federal judge

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Speaker 1: that's given an injunction for the entire nation? Am I

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Speaker 1: wrong in that we've essentially hit a wall here and

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Speaker 1: they're going to continue on. I mean, this is what

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Speaker 1: they're rallying around as their way to stop Trump. Ma'am.

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Speaker 12: That is exactly what's happening, which is why it is

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Speaker 12: particularly shameful that the Supreme Court did not take advantage

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Speaker 12: of that opportunity in the two billion dollar US AID

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Speaker 12: case before Judge Ali and finally or at least begin

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Speaker 12: to put a stop to what these district court judges

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Speaker 12: are doing. I mean, you had Beryl Howell yesterday basically

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Speaker 12: saying priming the ground to completely overturn President Trump's executive

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Speaker 12: boarder against Perkins Coui, saying that they have constitutional rights

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Speaker 12: that Donald Trump is violating. You have another federal judge

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Speaker 12: who is mocking Defense Secretary Pete Hegsath. This is Judge

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Speaker 12: Anna Reeus, the first LGBTQ judge on the DC District Court,

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Speaker 12: mocking his service and forcing lawyers for the government to

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Speaker 12: defend his position, which is the President's position on not

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Speaker 12: allowing transgender troops in the military. You have another judge,

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Speaker 12: one of our favorite, Royce Lambert A. Reagan appointee who

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Speaker 12: has also disabled the President's executive order about transgenders in

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Speaker 12: federal prison. He has vacated in his own way, reversed

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Speaker 12: that executive order, forcing the government to continue hormone therapies

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Speaker 12: and transitional surgeries for federal inmates people who have committed

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Speaker 12: crime who are in federal prisons, against the President's wishes. Again,

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Speaker 12: the same judges who insisted a four hour protest at

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Speaker 12: the Capitol Building four and a half years ago almost

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Speaker 12: represented a dire threat one of the worst days in democracy,

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Speaker 12: an attempt to overturn an election. And you have these

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Speaker 12: same judges doing the exact thing that they accused Jay

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Speaker 12: six Ers of, which of course they never could do.

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Speaker 12: But these judges are actually succeeding and doing so.

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Speaker 1: Before you go, Julie, I just want to play we've

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Speaker 1: cut this. I just want to play the CNN report

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Speaker 1: on the outrageousness in the lack of respect, in dignity

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Speaker 1: and discernment by federal judge Day in San Francisco about

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Speaker 1: President Trump, his Justice Department, and his entire government. Let's

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Speaker 1: go and play it.

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Speaker 7: And let me tell you, Dad, We've been listening to

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Speaker 7: this hearing in San Francisco. The judge was not pleased.

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Speaker 7: He said, quote, you were afraid how this person testify,

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Speaker 7: because you know cross examination will reveal the truth. I

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Speaker 7: tend to doubt that you're telling me the truth. The

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Speaker 7: judge went on to say, you're not helping me get

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Speaker 7: at the truth. You're giving me press releases sham documents,

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Speaker 7: referring to documents submitted by the Justice Department to the courts. Now,

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Speaker 7: going forward, the judge has ordered that another senior advisor

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Speaker 7: at the Office of Personnel Management be deposed. So these

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Speaker 7: lawyers are going to have at the opportunity to question

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Speaker 7: that senior advisor. The judge said, he wants someone from

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Speaker 7: this agency to go under oath and to finally tell

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Speaker 7: the truth about exactly what happened with these firings. Now,

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Speaker 7: the judge also anticipated that this ruling today will likely

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Speaker 7: be appealed. He said, if you want to do that, quote,

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Speaker 7: god bless you. But he says that he wants to

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Speaker 7: get to the bottom of exactly what happened with these firings.

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Speaker 7: So in the next two weeks, we expect the senior

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Speaker 7: leader at o PM could be deposed, depending on what

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Speaker 7: happens with the appeal.

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Speaker 1: Yet, Okay, I want this audience just to be head

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Speaker 1: of perspective. Here, Kelly sat in courtrooms for years, for years,

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Speaker 1: got transcripts, looked at charges. Did any federal judge ever

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Speaker 1: sit there knowing what that in ever address the Justice

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Speaker 1: Department with all the lies that we know they told

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Speaker 1: everything they did to break the rule of law and

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Speaker 1: actually not just weaponization. These prosecutors were criminals. They were

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Speaker 1: flat out criminals of what they did to these men

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Speaker 1: and women. And to sit there and they praised them.

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Speaker 1: And right there that judge called Trump's Justice Department the

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Speaker 1: doj in the lawyer's liars, right, and we'll put you

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Speaker 1: under oath. I think you're lying to me. I want

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Speaker 1: to get to the truth. This is outrageous. He ought

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Speaker 1: to be turfed out. Impeachment should go on this guy

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Speaker 1: right away. Did you ever see in the four years

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Speaker 1: with all the lies and misrepresentation of the Justice Department

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Speaker 1: and Matthew Grays's did you ever see a thing? But

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Speaker 1: the first time Trump gets in the court in San Francisco,

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Speaker 1: the call is Justice Department a bunch of liars.

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Speaker 12: Ma'am, well, I know you will be shocked to hear

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Speaker 12: me say, no, I never heard any judge on the

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Speaker 12: DC district or appellate court accuse the DOJ of lying,

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Speaker 12: which they did flagrantly, in addition to violating all other

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Speaker 12: rules of criminal procedure, including producing discovery, withholding evidence including

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Speaker 12: Brady material, refusing to turn over to the court, and

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Speaker 12: in some instances, openly misleading the court. We saw this

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Speaker 12: in the classified documents case before Judge Aileen Cannon. J. Bratt,

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Speaker 12: and the prosecutors on Jacksmith's team frequently misleading Judge Cannon

436
00:24:39,680 --> 00:24:42,000
Speaker 12: about the status of that case. So no, I never

437
00:24:42,119 --> 00:24:44,960
Speaker 12: heard that. But here's something I want to point out

438
00:24:45,080 --> 00:24:48,280
Speaker 12: this judge in San Francisco that you're referring to, this

439
00:24:48,359 --> 00:24:52,040
Speaker 12: eighty year old Clinton judge. This lawsuit is not even

440
00:24:52,080 --> 00:24:55,240
Speaker 12: a month old, and he's already trying to put it

441
00:24:55,680 --> 00:25:00,600
Speaker 12: on trial before him holding an evidentiary hearing, pulling in

442
00:25:00,640 --> 00:25:04,360
Speaker 12: a top White House official to face, and he called

443
00:25:04,440 --> 00:25:08,520
Speaker 12: cross examination. He actually said that today this is something

444
00:25:08,520 --> 00:25:13,560
Speaker 12: that would happen years from now, allowing attorneys representing government

445
00:25:13,680 --> 00:25:17,879
Speaker 12: labor unions to cross examine in open court a White

446
00:25:18,000 --> 00:25:22,280
Speaker 12: House official who clearly would have at least some argument

447
00:25:22,359 --> 00:25:25,879
Speaker 12: privilege arguments and it sounds like he is setting the

448
00:25:25,920 --> 00:25:29,960
Speaker 12: stage for this, which, of course, then the White House

449
00:25:30,000 --> 00:25:33,600
Speaker 12: will try to invoke executive privilege. This judge, of course

450
00:25:33,640 --> 00:25:36,560
Speaker 12: will ignore that. But he is setting up a mini

451
00:25:36,680 --> 00:25:42,680
Speaker 12: trial of the president's personnel policies executed under the executive

452
00:25:42,760 --> 00:25:48,159
Speaker 12: branch and allowing interest groups and government labor unions to

453
00:25:48,320 --> 00:25:55,000
Speaker 12: cross examine a top appointee of President Trump. It is stunning.

454
00:25:55,040 --> 00:25:58,000
Speaker 12: Every day really gets more and more surreal what's happening

455
00:25:58,000 --> 00:25:58,919
Speaker 12: in these courtrooms.

456
00:26:00,840 --> 00:26:03,320
Speaker 1: Julie, you know you're going to get the transcript we'll

457
00:26:03,359 --> 00:26:06,399
Speaker 1: see tomorrow. Until then, you're sub stack in social media man.

458
00:26:07,359 --> 00:26:11,160
Speaker 12: Substact classified with Julie Kelly. Julie Kelly. I'm on ex

459
00:26:11,240 --> 00:26:14,679
Speaker 12: Julie underscore Kelly too. I will be posting parts of

460
00:26:14,880 --> 00:26:19,240
Speaker 12: Beryl Howell's really mind blowing comments in court yesterday about

461
00:26:19,280 --> 00:26:22,160
Speaker 12: the President and Perkins Cooey.

462
00:26:22,760 --> 00:26:25,960
Speaker 1: Unbelievable. Julie Kelly, thank you so much, Thanks too. We're

463
00:26:25,960 --> 00:26:28,600
Speaker 1: going to go to the Treasury Department. My boyle is

464
00:26:28,640 --> 00:26:33,840
Speaker 1: finishing up an interview with Scott Besson in a day

465
00:26:33,960 --> 00:26:37,880
Speaker 1: of global market market turmoil. Philip Patrick's going to join

466
00:26:37,920 --> 00:26:40,360
Speaker 1: me for a pregame We're also going to go back

467
00:26:40,400 --> 00:26:44,320
Speaker 1: to the White House, our own Natalie Winners more in

468
00:26:44,480 --> 00:26:48,760
Speaker 1: peace and prosperity today in the war room, back in

469
00:26:48,760 --> 00:26:49,440
Speaker 1: a moment.

470
00:26:58,800 --> 00:27:01,000
Speaker 13: For years, and we're not going to be ripped off anymore.

471
00:27:01,040 --> 00:27:01,119
Speaker 5: Now.

472
00:27:01,119 --> 00:27:04,000
Speaker 13: I'm not going to bend at all. Aluminum or steel

473
00:27:04,600 --> 00:27:07,880
Speaker 13: or cars, We're not gonna bend. We've been ripped off

474
00:27:07,920 --> 00:27:12,280
Speaker 13: as a country for many, many years. We've been subjected

475
00:27:12,320 --> 00:27:16,239
Speaker 13: to costs that we shouldn't be subjected to. In the

476
00:27:16,240 --> 00:27:18,800
Speaker 13: case of Canada, we're spending two hundred billion a year

477
00:27:18,840 --> 00:27:22,000
Speaker 13: to subsidize Canada. I love Canada, I love the people

478
00:27:22,040 --> 00:27:26,640
Speaker 13: of Canada. I have many friends in Canada, the great one,

479
00:27:26,680 --> 00:27:29,360
Speaker 13: Wayne Gretzky, the great How good is Wayne Gretzky?

480
00:27:29,440 --> 00:27:30,440
Speaker 10: He's the great one.

481
00:27:30,600 --> 00:27:34,640
Speaker 13: But we have I know many people from Canada that are.

482
00:27:34,520 --> 00:27:35,600
Speaker 1: Good friends of mine.

483
00:27:36,080 --> 00:27:40,160
Speaker 13: But you know, the United States can't subsidize the country

484
00:27:40,600 --> 00:27:43,200
Speaker 13: for two hundred billion dollars a year. We don't need

485
00:27:43,720 --> 00:27:46,320
Speaker 13: their cars, we don't need their energy, we don't need

486
00:27:46,359 --> 00:27:49,640
Speaker 13: their lumber, we don't need anything that they.

487
00:27:51,160 --> 00:27:51,680
Speaker 1: That they get.

488
00:27:51,760 --> 00:27:53,679
Speaker 13: We'd do it because we want to be helpful, but

489
00:27:54,280 --> 00:27:56,320
Speaker 13: it comes a point when you just can't do that.

490
00:27:56,400 --> 00:27:59,199
Speaker 13: You have to run your own country, and to be

491
00:27:59,240 --> 00:28:01,399
Speaker 13: honest with you, can it only works as a state.

492
00:28:01,520 --> 00:28:05,160
Speaker 13: It doesn't We don't need anything they have. As a state,

493
00:28:05,200 --> 00:28:07,520
Speaker 13: it would be one of the great states anyway, This

494
00:28:07,560 --> 00:28:11,120
Speaker 13: would be the most incredible country visually. If you look

495
00:28:11,160 --> 00:28:13,680
Speaker 13: at a map, they drew an artificial line right through

496
00:28:13,720 --> 00:28:17,960
Speaker 13: it between Canada and the US, just a straight artificial line.

497
00:28:17,960 --> 00:28:22,280
Speaker 13: Somebody did it a long time ago, many many decades ago,

498
00:28:22,440 --> 00:28:28,879
Speaker 13: and makes no sense. It's so perfect as a great

499
00:28:29,000 --> 00:28:34,240
Speaker 13: and cherished state. Keeping Oh Canada the national anthem.

500
00:28:34,560 --> 00:28:35,000
Speaker 10: I love it.

501
00:28:35,040 --> 00:28:35,879
Speaker 13: I think it's great.

502
00:28:36,320 --> 00:28:36,720
Speaker 14: Keep it.

503
00:28:37,600 --> 00:28:39,920
Speaker 13: But it'll be for the state, one of our greatest states,

504
00:28:40,280 --> 00:28:45,320
Speaker 13: maybe our greatest state. But why should we subsidize another

505
00:28:45,400 --> 00:28:48,320
Speaker 13: country for two hundred billion courses two hundred billion dollars

506
00:28:48,360 --> 00:28:51,440
Speaker 13: a year. And again, we don't need their lumber, we

507
00:28:51,480 --> 00:28:52,479
Speaker 13: don't need their energy.

508
00:28:52,520 --> 00:28:53,440
Speaker 10: We have more than they do.

509
00:28:53,560 --> 00:28:55,840
Speaker 13: We don't need anything. We don't need the cars. I'd

510
00:28:55,880 --> 00:28:59,880
Speaker 13: much rather make the cars here. And there's not a

511
00:29:00,120 --> 00:29:00,880
Speaker 13: thing that we need.

512
00:29:01,000 --> 00:29:01,120
Speaker 7: Now.

513
00:29:01,160 --> 00:29:04,240
Speaker 13: There'll be a little disruption, but it won't be very long.

514
00:29:05,840 --> 00:29:08,280
Speaker 13: But they need us, we really don't need them, And

515
00:29:08,320 --> 00:29:10,080
Speaker 13: we have to do this I'm sorry we have to

516
00:29:10,120 --> 00:29:10,640
Speaker 13: do this yet.

517
00:29:12,640 --> 00:29:14,680
Speaker 1: If you watch Real America's Voice early in the day,

518
00:29:14,720 --> 00:29:16,800
Speaker 1: it was nothing short of extortiny. I told the team

519
00:29:16,800 --> 00:29:19,840
Speaker 1: this morning that when I saw that the NATO Secretary

520
00:29:19,880 --> 00:29:22,120
Speaker 1: General was coming, it wasn't on as really a by

521
00:29:22,240 --> 00:29:24,720
Speaker 1: ladder bilateral. It wasn't on is really a big meeting.

522
00:29:24,720 --> 00:29:26,800
Speaker 1: He was coming by and he was going to have lunch.

523
00:29:26,880 --> 00:29:31,720
Speaker 1: I said, President Trump's gonna open up, have a press avail. Now,

524
00:29:31,760 --> 00:29:33,200
Speaker 1: I didn't know it was going to be an hour

525
00:29:33,280 --> 00:29:36,479
Speaker 1: and twenty minutes with President Trump taking every question out

526
00:29:36,520 --> 00:29:38,239
Speaker 1: of the sun on Putin, on war and all of it.

527
00:29:38,960 --> 00:29:42,280
Speaker 1: We're gonna get to all this because we're quite jammed

528
00:29:42,560 --> 00:29:45,080
Speaker 1: this afternoon. So much big news is breaking and so

529
00:29:45,160 --> 00:29:48,880
Speaker 1: much analysis needs to be done. But on this, President Trump,

530
00:29:50,200 --> 00:29:53,480
Speaker 1: I am not going to bend on tariffs, said this

531
00:29:53,680 --> 00:29:56,920
Speaker 1: over and over again. We've asked Philip Patrick to join us.

532
00:29:57,080 --> 00:29:59,640
Speaker 1: We're gonna go to the Treasury Department in a little while.

533
00:29:59,680 --> 00:30:03,440
Speaker 1: Matt Boil of Breitbart is finishing up an interview with

534
00:30:03,520 --> 00:30:06,880
Speaker 1: the Secretary of Treasury. As soon as that's over, Boyle

535
00:30:06,960 --> 00:30:08,400
Speaker 1: is going to give us an update what's going on.

536
00:30:08,520 --> 00:30:11,680
Speaker 1: Philip Patrick now more than ever. I think people need

537
00:30:11,720 --> 00:30:13,640
Speaker 1: that kind of steady hand of Scott Besson. That's what

538
00:30:13,680 --> 00:30:16,080
Speaker 1: We've been a big advocate that Scott ought to be

539
00:30:16,520 --> 00:30:19,840
Speaker 1: out there more. We love Howard Lutnik. Howard's a little more,

540
00:30:19,840 --> 00:30:22,040
Speaker 1: I would say on the cell side of the house,

541
00:30:23,360 --> 00:30:26,320
Speaker 1: Scott's a little more of the steady eddy capital markets guy.

542
00:30:26,320 --> 00:30:29,160
Speaker 1: I think right now we need Capital markets guy because

543
00:30:29,760 --> 00:30:32,120
Speaker 1: the markets are internol and we need a steady hand.

544
00:30:32,160 --> 00:30:34,080
Speaker 1: Your thoughts, Philip Patrick.

545
00:30:34,720 --> 00:30:36,719
Speaker 10: Yeah, I would agree vehemently with that.

546
00:30:36,800 --> 00:30:39,719
Speaker 15: And I think Scott Besson has an incredible track record

547
00:30:40,000 --> 00:30:42,640
Speaker 15: and they understand this guy knows what he's doing. But

548
00:30:43,120 --> 00:30:45,440
Speaker 15: you know, we are seeing a ton of volatility, and

549
00:30:45,480 --> 00:30:48,400
Speaker 15: I think the markets are responding. I think Monday was

550
00:30:48,440 --> 00:30:50,880
Speaker 15: the worst day on Wall Street in about three years,

551
00:30:50,920 --> 00:30:53,880
Speaker 15: and we're on track for the worst week since the

552
00:30:53,960 --> 00:30:56,680
Speaker 15: beginning of the pandemic panic. So things are rough, and

553
00:30:56,720 --> 00:30:59,840
Speaker 15: I think what's happening at the moment is investors are

554
00:31:00,080 --> 00:31:03,960
Speaker 15: realizing that the Trump administration are going to keep pushing

555
00:31:04,000 --> 00:31:07,520
Speaker 15: their agenda even if growth takes a hit, and even

556
00:31:07,560 --> 00:31:10,360
Speaker 15: if markets stumble, right, And I think there was a

557
00:31:10,400 --> 00:31:13,360
Speaker 15: belief before that the second the markets would come down,

558
00:31:13,600 --> 00:31:17,280
Speaker 15: Trump would reverse policy. But why people are so surprised

559
00:31:17,640 --> 00:31:20,160
Speaker 15: is beyond me. I mean, they've been signaling this for

560
00:31:20,200 --> 00:31:23,479
Speaker 15: a long time. Jadie Vance said back last fall that

561
00:31:23,520 --> 00:31:26,200
Speaker 15: things were going to get tough. Beson has said and

562
00:31:26,520 --> 00:31:30,240
Speaker 15: correctly so, we need to go through a period of detox.

563
00:31:30,360 --> 00:31:30,520
Speaker 10: Right.

564
00:31:30,640 --> 00:31:34,720
Speaker 15: Markets have become addicted to cheap money to government spending

565
00:31:34,760 --> 00:31:37,520
Speaker 15: for way too long. And I think what we're starting

566
00:31:37,560 --> 00:31:40,160
Speaker 15: to see is what started out as sort of growth

567
00:31:40,320 --> 00:31:44,240
Speaker 15: repricing from a rich starting point is now morphing into

568
00:31:44,320 --> 00:31:48,240
Speaker 15: a growth scared driven by Tariff's, doge, retail selling and

569
00:31:48,280 --> 00:31:49,960
Speaker 15: all the volatility.

570
00:31:50,000 --> 00:31:52,000
Speaker 10: But the important thing is I.

571
00:31:52,000 --> 00:31:54,280
Speaker 15: Think they're realizing that there is a willingness of the

572
00:31:54,360 --> 00:31:58,560
Speaker 15: administration to embrace shorter term pain. We've been saying it,

573
00:31:58,920 --> 00:32:01,480
Speaker 15: but now we're doing it. And I think ultimately this

574
00:32:01,640 --> 00:32:03,960
Speaker 15: is what Wall Street got wrong. They thought that Trump

575
00:32:04,000 --> 00:32:07,160
Speaker 15: was another rich guy who was another markets guy just

576
00:32:07,320 --> 00:32:08,880
Speaker 15: like them, and they were wrong.

577
00:32:09,080 --> 00:32:09,200
Speaker 1: Right.

578
00:32:09,320 --> 00:32:13,160
Speaker 15: What's becoming clear is this administration is about America's interests first.

579
00:32:13,520 --> 00:32:17,280
Speaker 15: It's about America's security first, America's economy first. This is

580
00:32:17,320 --> 00:32:23,080
Speaker 15: a populist, nationalist movement, not another corporate cleptocracy. Trump didn't

581
00:32:23,120 --> 00:32:25,680
Speaker 15: run on a platform making Jeff Bezos rich.

582
00:32:25,960 --> 00:32:27,760
Speaker 10: Right for once, for once.

583
00:32:27,920 --> 00:32:30,240
Speaker 15: We have a leader who's willing to put the American

584
00:32:30,320 --> 00:32:33,520
Speaker 15: family first, who's willing to look beyond the sort of

585
00:32:34,000 --> 00:32:36,840
Speaker 15: day to day and think about long term thinking. Because

586
00:32:36,880 --> 00:32:41,160
Speaker 15: it's only long term thinking, cold blooded rationality and a

587
00:32:41,240 --> 00:32:44,320
Speaker 15: willingness to accept pain that's going to get us out

588
00:32:44,320 --> 00:32:47,360
Speaker 15: of this mess. And that's what people have to understand.

589
00:32:47,400 --> 00:32:50,280
Speaker 15: We have to bear with these guys. We've been building

590
00:32:50,320 --> 00:32:53,480
Speaker 15: a bubble for a long, long, long time, and we're

591
00:32:53,480 --> 00:32:55,560
Speaker 15: going to have to let some air out of that

592
00:32:55,680 --> 00:32:57,560
Speaker 15: bubble if we're going to rebuild.

593
00:32:57,600 --> 00:32:58,840
Speaker 10: And that's what's happening.

594
00:33:01,880 --> 00:33:04,560
Speaker 1: The price of gold he an all time worker today

595
00:33:04,600 --> 00:33:09,400
Speaker 1: at twenty nine eighty two. That's two nine eighty two dollars.

596
00:33:10,000 --> 00:33:14,520
Speaker 1: The gold just surpassed. We've just been notified. Gold just

597
00:33:14,560 --> 00:33:18,000
Speaker 1: to pass three thousand dollars. Talk about that for a second.

598
00:33:18,000 --> 00:33:19,719
Speaker 1: We're not here because we started with you guys think

599
00:33:19,720 --> 00:33:23,280
Speaker 1: it was eleven hundred bucks. It's not about that. In fact,

600
00:33:23,440 --> 00:33:25,320
Speaker 1: I want you to explain to people gold's never had

601
00:33:25,320 --> 00:33:29,560
Speaker 1: a run like this, and gold normally invest in gold

602
00:33:29,640 --> 00:33:33,400
Speaker 1: as a hedge against times of financial turbulence. It's never

603
00:33:33,480 --> 00:33:38,120
Speaker 1: really been an instrument to outperform the equities market. So

604
00:33:38,200 --> 00:33:40,480
Speaker 1: people are and by the way, thank you, producer. I mean,

605
00:33:40,760 --> 00:33:43,840
Speaker 1: we're here, Phillip, in a historic moment when gold has

606
00:33:43,920 --> 00:33:47,719
Speaker 1: just reached three thousand dollars per ounce. Talk to us

607
00:33:47,720 --> 00:33:50,720
Speaker 1: about this moment. And it's not simply the price, it's

608
00:33:50,720 --> 00:33:53,479
Speaker 1: the convergence of factors. And we've told people and on

609
00:33:53,520 --> 00:33:54,880
Speaker 1: this show, this is why we did the end of

610
00:33:54,880 --> 00:33:56,960
Speaker 1: the dollar empire. This is why we want people to

611
00:33:57,040 --> 00:33:59,160
Speaker 1: be smart, to teach you capital markets, to teach you

612
00:33:59,240 --> 00:34:03,880
Speaker 1: macro economics. The forces that are driving this are the

613
00:34:03,880 --> 00:34:06,480
Speaker 1: same things that are driving these central banks, and they're

614
00:34:06,480 --> 00:34:09,320
Speaker 1: not going to go away from many, many years. Philip Patrick,

615
00:34:09,400 --> 00:34:10,279
Speaker 1: your thoughts.

616
00:34:11,080 --> 00:34:14,920
Speaker 15: You're absolutely correct. Listen, gold now is becoming a growth asset.

617
00:34:15,040 --> 00:34:18,319
Speaker 15: Prices are surging. We're up over twelve percent this year,

618
00:34:18,880 --> 00:34:22,600
Speaker 15: you know, over thirty five percent last year. And historically,

619
00:34:22,760 --> 00:34:24,759
Speaker 15: as you said, you didn't buy gold. I was an

620
00:34:24,760 --> 00:34:27,520
Speaker 15: investment banker right in the early two thousands. If you

621
00:34:27,560 --> 00:34:30,880
Speaker 15: talked to me about buying gold, I would have laughed, right,

622
00:34:30,920 --> 00:34:34,399
Speaker 15: because the reality is we had one hundred I don't

623
00:34:35,200 --> 00:34:37,600
Speaker 15: but it's true. We had one hundred years of data.

624
00:34:37,640 --> 00:34:39,800
Speaker 15: The twentieth century showed us that the S and P

625
00:34:40,000 --> 00:34:43,720
Speaker 15: crushed gold. It is a very different story this century,

626
00:34:43,880 --> 00:34:48,080
Speaker 15: very different. Gold has outperformed capital markets significantly, and it's

627
00:34:48,120 --> 00:34:50,080
Speaker 15: all to do with the things we're talking about.

628
00:34:50,160 --> 00:34:52,560
Speaker 10: It's about debt, it's about death as it spending.

629
00:34:52,840 --> 00:34:55,120
Speaker 15: Look at the problems in front of us, and it's

630
00:34:55,320 --> 00:34:58,480
Speaker 15: very clear why gold is surging and why gold is

631
00:34:58,520 --> 00:35:01,080
Speaker 15: going to continue to surge. I think think around the world,

632
00:35:01,400 --> 00:35:04,840
Speaker 15: gold today has become the safe haven trade. It's not

633
00:35:04,920 --> 00:35:08,759
Speaker 15: the dollar anymore, right, it's not US government debt anymore. Right,

634
00:35:09,040 --> 00:35:12,200
Speaker 15: look at what's happening there. The picture is not good.

635
00:35:12,239 --> 00:35:14,359
Speaker 15: And I think overall what we're hanging.

636
00:35:14,640 --> 00:35:16,920
Speaker 1: Hang on, hang on, I want to I want to

637
00:35:16,960 --> 00:35:19,520
Speaker 1: turn it right now to ray Dali or Yesterday exactly

638
00:35:19,680 --> 00:35:22,920
Speaker 1: because traditionally the fright to quality, they're immediately going to

639
00:35:23,040 --> 00:35:25,879
Speaker 1: US government bonds. They're not. People are putting their money

640
00:35:25,880 --> 00:35:28,000
Speaker 1: in gold, and there's a reason for that. We're going

641
00:35:28,080 --> 00:35:29,759
Speaker 1: to turn to ray Dalia now, it's going to play

642
00:35:29,840 --> 00:35:31,160
Speaker 1: this is Yesterday on CNBC.

643
00:35:33,320 --> 00:35:36,080
Speaker 16: I think the first thing is the debt issue. We

644
00:35:36,440 --> 00:35:39,919
Speaker 16: have a very severe supply demand problem. So we think

645
00:35:40,040 --> 00:35:43,000
Speaker 16: there's debt and people some people think, oh, we'll handle

646
00:35:43,040 --> 00:35:45,239
Speaker 16: it because we've handled it so far. I don't think

647
00:35:45,239 --> 00:35:49,160
Speaker 16: they understand the mechanics of debt. By the way, I've

648
00:35:49,160 --> 00:35:54,359
Speaker 16: written the draft of a book that anybody can see

649
00:35:54,520 --> 00:36:00,359
Speaker 16: on social media on particularly linked Dead, that go through

650
00:36:00,360 --> 00:36:04,280
Speaker 16: the mechanics of the debt. But there's a supplied demand problem,

651
00:36:04,560 --> 00:36:07,600
Speaker 16: so that they have to sell a quantity of debt

652
00:36:07,920 --> 00:36:10,960
Speaker 16: that the world is not going to want to buy.

653
00:36:11,480 --> 00:36:16,359
Speaker 16: And that's a set of circumstances that is imminent. Okay,

654
00:36:15,560 --> 00:36:20,279
Speaker 16: that's paramount importance. Then we're going to have to deal

655
00:36:20,760 --> 00:36:24,960
Speaker 16: the deficit must go from what will be projected now

656
00:36:25,560 --> 00:36:29,080
Speaker 16: to be about seven point two percent of GDP to

657
00:36:29,239 --> 00:36:32,880
Speaker 16: about three percent of GDP otherwise there will be a

658
00:36:32,920 --> 00:36:36,879
Speaker 16: supplied demand problem. Okay, that's a big deal. You are

659
00:36:37,000 --> 00:36:41,640
Speaker 16: going to see shocking developments in terms of how that's

660
00:36:41,680 --> 00:36:45,000
Speaker 16: going to be dealt with, things that may not have

661
00:36:45,000 --> 00:36:48,560
Speaker 16: happened in our lifetimes, but things that have happened throughout history.

662
00:36:49,120 --> 00:36:51,680
Speaker 16: So that's an immediate consideration.

663
00:36:52,040 --> 00:36:54,120
Speaker 9: Interest rate, what do you mean austerity like that?

664
00:36:57,719 --> 00:36:58,200
Speaker 14: There are.

665
00:36:59,760 --> 00:37:03,040
Speaker 16: There many What do you do when you don't have

666
00:37:03,120 --> 00:37:09,600
Speaker 16: an adequate supplied demand balance, there may be restructurings of debt.

667
00:37:10,080 --> 00:37:14,680
Speaker 16: There may be exerting pressures on countries to own the debt,

668
00:37:14,760 --> 00:37:19,080
Speaker 16: to buy the debt, political pressures on countries. There may

669
00:37:19,160 --> 00:37:25,080
Speaker 16: be cutting the payments to some creditor countries off for

670
00:37:25,280 --> 00:37:27,000
Speaker 16: political reasons.

671
00:37:26,520 --> 00:37:27,440
Speaker 1: And so on.

672
00:37:28,239 --> 00:37:32,759
Speaker 16: So there may be monetizations of debt. If you look

673
00:37:32,800 --> 00:37:36,600
Speaker 16: at history and see the repeating of what do countries

674
00:37:36,680 --> 00:37:39,600
Speaker 16: do when they're in this kind of situation, there are

675
00:37:39,680 --> 00:37:40,560
Speaker 16: lessons from.

676
00:37:40,520 --> 00:37:42,080
Speaker 10: History that repeat.

677
00:37:42,800 --> 00:37:46,600
Speaker 16: And so just as we're seeing political and geopolitical shifts

678
00:37:47,000 --> 00:37:50,720
Speaker 16: that seem unimaginable to a lot of people, to most people,

679
00:37:51,239 --> 00:37:53,880
Speaker 16: if you just look at history, you'll see these things

680
00:37:53,920 --> 00:37:55,680
Speaker 16: repeating over and over again.

681
00:37:56,000 --> 00:37:57,640
Speaker 1: So you will be surprised.

682
00:37:57,719 --> 00:38:00,480
Speaker 16: We will be surprised by some of the debts developments

683
00:38:00,480 --> 00:38:04,680
Speaker 16: that will seem equally shocking as those developments that we've seen.

684
00:38:05,080 --> 00:38:07,320
Speaker 16: So when I look at it, I think that these

685
00:38:07,320 --> 00:38:08,719
Speaker 16: are of paramount importance.

686
00:38:09,080 --> 00:38:15,600
Speaker 1: Then we're going to deal with the intern. So Philip

687
00:38:15,600 --> 00:38:18,600
Speaker 1: Patrick is Ray Dally are right there wanting the American

688
00:38:18,640 --> 00:38:20,960
Speaker 1: people that we could have a sovereign debt crisis. When

689
00:38:20,960 --> 00:38:26,920
Speaker 1: he talks about rescheduling payments or restructurings. You know, a

690
00:38:27,120 --> 00:38:30,080
Speaker 1: huge oversupply of government securities that have to be sold

691
00:38:30,200 --> 00:38:32,880
Speaker 1: and also refinanced. Is this one of the reasons that

692
00:38:33,000 --> 00:38:36,440
Speaker 1: the smart money's gone? He maybe I do. Maybe I

693
00:38:36,480 --> 00:38:38,600
Speaker 1: can't put it in a government security. Maybe what I

694
00:38:38,680 --> 00:38:39,879
Speaker 1: do is put it in gold sir.

695
00:38:40,760 --> 00:38:42,640
Speaker 15: Yeah, when you say one of the reasons, I would

696
00:38:42,640 --> 00:38:47,719
Speaker 15: say the biggest reason by far, And Dahlio's absolutely correct.

697
00:38:48,080 --> 00:38:51,480
Speaker 15: Of course, the guy's brilliant. But you know, we're starting

698
00:38:51,520 --> 00:38:53,640
Speaker 15: to see early signs of some of this. I think

699
00:38:53,719 --> 00:38:58,200
Speaker 15: Scott best and talented, you know, tying European security guarantees

700
00:38:58,239 --> 00:39:01,879
Speaker 15: to a fifty year government bond that zero coupon, right,

701
00:39:02,280 --> 00:39:06,200
Speaker 15: talk about defaulting on some debt liabilities. We kind of

702
00:39:06,200 --> 00:39:09,200
Speaker 15: did it when we sanctioned Russia, right. I think, you know,

703
00:39:09,400 --> 00:39:13,040
Speaker 15: sort of a broad debth default is unlikely, but it's

704
00:39:13,080 --> 00:39:16,360
Speaker 15: getting concerning. I think I saw your commentary on this

705
00:39:16,520 --> 00:39:19,240
Speaker 15: interview yesterday and you said, you know, this is how

706
00:39:19,280 --> 00:39:23,279
Speaker 15: a bankrupt company would act, And you're right, But we're

707
00:39:23,320 --> 00:39:25,600
Speaker 15: not a company. We're a nation, right, and we have

708
00:39:25,680 --> 00:39:28,799
Speaker 15: options that companies don't. And in this situation, I think

709
00:39:29,040 --> 00:39:32,160
Speaker 15: central banks are forced to choose. Right, you either print

710
00:39:32,200 --> 00:39:34,960
Speaker 15: a lot of money to devalue the debt, or you

711
00:39:35,000 --> 00:39:37,279
Speaker 15: don't print money and you default on debt.

712
00:39:37,400 --> 00:39:37,560
Speaker 14: Right.

713
00:39:37,600 --> 00:39:40,200
Speaker 15: But the reality is, when you owe debt in your

714
00:39:40,200 --> 00:39:44,560
Speaker 15: own currency, you never default. You always print and devalue,

715
00:39:44,840 --> 00:39:46,600
Speaker 15: and that always ends the same way.

716
00:39:46,640 --> 00:39:48,359
Speaker 10: First of all, it inflates the dead way.

717
00:39:48,880 --> 00:39:52,319
Speaker 15: But the side effect is it destroys the purchasing power

718
00:39:52,360 --> 00:39:55,080
Speaker 15: of currency. We've seen it time and time and time

719
00:39:55,120 --> 00:39:58,560
Speaker 15: again throughout history, and I've said it before, but it's

720
00:39:58,600 --> 00:40:01,760
Speaker 15: starting to happen. Or any global demand for our debt

721
00:40:01,800 --> 00:40:06,520
Speaker 15: is already waning. US dollars Central bank holdings thirty year lows.

722
00:40:06,840 --> 00:40:09,200
Speaker 15: Even in the climate where rates are going down, debt

723
00:40:09,200 --> 00:40:11,880
Speaker 15: service payments are going out. These are early signs and

724
00:40:11,920 --> 00:40:16,560
Speaker 15: they are bad signs. Ray Dalio says three years, depending

725
00:40:16,600 --> 00:40:17,480
Speaker 15: on what happens.

726
00:40:17,560 --> 00:40:19,600
Speaker 10: Could be soon, it could be longer. But we're going

727
00:40:19,680 --> 00:40:20,959
Speaker 10: to have to pay the piper at.

728
00:40:20,880 --> 00:40:24,920
Speaker 1: Some point, Philip, can you hang on one second. I'll

729
00:40:24,960 --> 00:40:26,680
Speaker 1: hold you through the break birt goal We've done to

730
00:40:26,719 --> 00:40:29,120
Speaker 1: explain this to you. We've put together the end of

731
00:40:29,160 --> 00:40:32,880
Speaker 1: the dollar Empire. It's all free. The six free installment

732
00:40:33,320 --> 00:40:37,799
Speaker 1: modern monetary theory the idea that broke the world. Big

733
00:40:37,800 --> 00:40:40,480
Speaker 1: believers in the worm that ideas have consequences, This is

734
00:40:40,520 --> 00:40:43,120
Speaker 1: one that had quite negative consequences. One of the reasons

735
00:40:43,160 --> 00:40:46,719
Speaker 1: we're dealing with this fiasco is this belief. The buy

736
00:40:46,760 --> 00:40:49,560
Speaker 1: in from the lords of easy money in the political class,

737
00:40:50,360 --> 00:40:54,959
Speaker 1: short commercial break or return with global capital markets next

738
00:40:54,960 --> 00:40:55,400
Speaker 1: in the world.

739
00:40:56,960 --> 00:40:59,000
Speaker 14: I'll see, Hey, I can't be with you for the

740
00:40:59,040 --> 00:41:02,040
Speaker 14: next few days, but that doesn't mean the specials go away.

741
00:41:02,280 --> 00:41:05,280
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742
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747
00:41:21,800 --> 00:41:25,319
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748
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749
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750
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758
00:41:57,640 --> 00:42:00,839
Speaker 1: Okay. Mikendale still one of the still under the gun

759
00:42:01,000 --> 00:42:03,439
Speaker 1: on the throat surgery. Hopefully be back with us next week,

760
00:42:04,680 --> 00:42:07,840
Speaker 1: Philip Patrick, and we'll have it tomorrow. I'll think we

761
00:42:07,880 --> 00:42:09,759
Speaker 1: have time to that. Indye I think has announced mode.

762
00:42:09,760 --> 00:42:11,560
Speaker 1: He's saying he's kind of drop out of the bricks.

763
00:42:11,560 --> 00:42:14,280
Speaker 1: We'll have full report on that tomorrow. But the purchasing

764
00:42:14,320 --> 00:42:16,480
Speaker 1: power of the dollar, that's what people are concerned about,

765
00:42:16,840 --> 00:42:20,000
Speaker 1: central banks buying gold at record rates. I want to

766
00:42:20,040 --> 00:42:21,960
Speaker 1: make sure people can get to you guys. You got

767
00:42:22,000 --> 00:42:25,360
Speaker 1: if you take go to your phone Bannon text Bannon

768
00:42:25,400 --> 00:42:27,400
Speaker 1: b A N N O N nine eight nine eight

769
00:42:27,520 --> 00:42:30,280
Speaker 1: nine eight, you get the ultimate guide to the purchase

770
00:42:30,280 --> 00:42:33,400
Speaker 1: of gold in the air of Trump. That'shes totally free.

771
00:42:33,560 --> 00:42:36,880
Speaker 1: But you know, we do these relationships with sponsors. We

772
00:42:36,920 --> 00:42:40,560
Speaker 1: want people to have access to the senior level of

773
00:42:40,600 --> 00:42:42,760
Speaker 1: the company, and that would be you at Birch Gold.

774
00:42:42,960 --> 00:42:45,160
Speaker 1: And of course over the last three or four years.

775
00:42:45,640 --> 00:42:48,600
Speaker 1: The feedback from the war and Posse our audience is

776
00:42:48,680 --> 00:42:50,880
Speaker 1: just you guys are fantastic. I just want to make

777
00:42:50,880 --> 00:42:54,600
Speaker 1: sure particularly our new viewers and listeners and people in

778
00:42:54,680 --> 00:42:58,759
Speaker 1: the podcast get access to you and your team, especially

779
00:42:58,880 --> 00:43:01,839
Speaker 1: now as we've told you we're in a fourth turning.

780
00:43:01,880 --> 00:43:05,200
Speaker 1: This is going to get quite turbulent going forward, and

781
00:43:05,280 --> 00:43:08,160
Speaker 1: turbulence is not a bad thing if you know how

782
00:43:08,200 --> 00:43:10,480
Speaker 1: to hedge where they go.

783
00:43:10,520 --> 00:43:13,080
Speaker 10: Philip, Yeah, it's really simple.

784
00:43:13,480 --> 00:43:17,680
Speaker 15: Birch Gold dot com forward slash Spannon, birch Gold dot

785
00:43:17,680 --> 00:43:20,440
Speaker 15: com forward slash Bannon or as you said, bannon to

786
00:43:20,560 --> 00:43:24,880
Speaker 15: ninety eight nine eight ninety eight. Get the information, immerse yourself.

787
00:43:25,120 --> 00:43:27,359
Speaker 15: We've been doing this for well, I've been doing this

788
00:43:27,440 --> 00:43:29,799
Speaker 15: with you for about three years, and I think over

789
00:43:29,880 --> 00:43:32,720
Speaker 15: that time period we built some credibility. We've been pretty

790
00:43:32,760 --> 00:43:36,560
Speaker 15: spot on with what's going to happen, what's been happening.

791
00:43:37,320 --> 00:43:42,560
Speaker 10: So look at the information, read and go from there.

792
00:43:44,640 --> 00:43:46,600
Speaker 1: And you've got to understand there are people in the

793
00:43:46,640 --> 00:43:48,080
Speaker 1: audience you guys have got. There are a lot of

794
00:43:48,120 --> 00:43:50,320
Speaker 1: gold bugs out there, the gold bugs at Birch Golder.

795
00:43:50,360 --> 00:43:52,600
Speaker 1: But I came out of Goldman Sachs had my own

796
00:43:52,640 --> 00:43:55,480
Speaker 1: firm back in the you know, in the in the

797
00:43:55,520 --> 00:43:57,520
Speaker 1: eighties and the nineties, and the Philip was he's a

798
00:43:57,560 --> 00:44:01,440
Speaker 1: recovering investment banker. Also, you know, gold wasn't it just

799
00:44:01,520 --> 00:44:04,040
Speaker 1: wasn't a thing, right, And now you look at this

800
00:44:04,200 --> 00:44:07,759
Speaker 1: as as a store of value in a hedge, which

801
00:44:07,800 --> 00:44:10,000
Speaker 1: has always been but you look at it, you know,

802
00:44:10,360 --> 00:44:14,239
Speaker 1: the bumping, it is incredible, and part of that is

803
00:44:14,280 --> 00:44:17,160
Speaker 1: the central banks. What we wanted to do is understand

804
00:44:17,200 --> 00:44:21,520
Speaker 1: the underpinnings of the converging forces that are coming together,

805
00:44:21,560 --> 00:44:23,800
Speaker 1: and then you make your own decisions. Philip Patrick or

806
00:44:23,960 --> 00:44:25,600
Speaker 1: have you on here. Pretty good calls over the last

807
00:44:25,640 --> 00:44:28,120
Speaker 1: three years, bro, Pretty good calls.

808
00:44:28,840 --> 00:44:29,560
Speaker 10: Thank you, Steve.

809
00:44:31,640 --> 00:44:33,200
Speaker 1: I think the best one was I think the best

810
00:44:33,200 --> 00:44:37,240
Speaker 1: one was Navara. We called stagflation back when it happened. Natalie,

811
00:44:37,480 --> 00:44:39,799
Speaker 1: we are going to go to the Treasury for an

812
00:44:39,840 --> 00:44:44,080
Speaker 1: exclusive interview with Matt Boyle, who's with the Secretary of

813
00:44:44,080 --> 00:44:46,840
Speaker 1: Treasury right now, interviewing him in the Secretary treasure I

814
00:44:46,880 --> 00:44:49,080
Speaker 1: believe the office. We're gonna go to Matt as soon

815
00:44:49,120 --> 00:44:51,200
Speaker 1: as a free Natalie. There's so much want to go

816
00:44:51,239 --> 00:44:54,160
Speaker 1: through with Putin, but there is this thing on SISA

817
00:44:54,560 --> 00:44:57,439
Speaker 1: that you're uncovering. Give me the update on that, because

818
00:44:57,480 --> 00:44:59,080
Speaker 1: I want to make sure I get that in today

819
00:44:59,520 --> 00:45:01,920
Speaker 1: and given some other news, we may come back to

820
00:45:01,960 --> 00:45:08,880
Speaker 1: the White House. Give me what's your SISS report, ma'am.

821
00:45:06,640 --> 00:45:09,680
Speaker 11: Sure, Well, real quick, I'm standing here in that brief

822
00:45:09,719 --> 00:45:11,880
Speaker 11: period where I wasn't on, I actually saw Cash Ptel

823
00:45:12,040 --> 00:45:15,120
Speaker 11: arrive at the White House unclear what he is doing.

824
00:45:15,280 --> 00:45:18,399
Speaker 11: He waved it me and you can surly make sure

825
00:45:18,440 --> 00:45:20,120
Speaker 11: that that makes you a lot more popular with the

826
00:45:20,320 --> 00:45:23,640
Speaker 11: press corps. But that aside with what's going on at Sister,

827
00:45:23,719 --> 00:45:27,080
Speaker 11: they've now shut down two key programs, one having to

828
00:45:27,120 --> 00:45:28,680
Speaker 11: do it, hold on, hold it.

829
00:45:28,680 --> 00:45:30,880
Speaker 1: Hang on, hang on, hang on, hang on, hang on,

830
00:45:31,360 --> 00:45:34,440
Speaker 1: hang on stop. How many how many those stiffs, No,

831
00:45:34,600 --> 00:45:37,160
Speaker 1: how many of those stiffs out there you've co hosted

832
00:45:37,200 --> 00:45:40,799
Speaker 1: with Cash dozens of times? How many those stiffs on

833
00:45:40,960 --> 00:45:43,360
Speaker 1: at Pebble Beach can say that you've costed with the

834
00:45:43,400 --> 00:45:46,360
Speaker 1: FBI director, ma'am.

835
00:45:45,640 --> 00:45:51,840
Speaker 8: Well and Navarro, Right, it's basically all the war co hosts,

836
00:45:51,880 --> 00:45:56,640
Speaker 8: all the that's what Pebble Beach has become. But no,

837
00:45:56,800 --> 00:45:58,360
Speaker 8: this is the thing I think is important.

838
00:45:58,360 --> 00:45:59,719
Speaker 11: I know we only have limited time.

839
00:46:00,120 --> 00:46:01,200
Speaker 8: We can rehash this.

840
00:46:01,400 --> 00:46:04,640
Speaker 11: But why it's important now is because the media is

841
00:46:04,640 --> 00:46:07,480
Speaker 11: starting to become apoplectic over it. They've started mentioning it

842
00:46:07,520 --> 00:46:09,880
Speaker 11: a lot more on MSNBC, a lot of the outlets

843
00:46:09,880 --> 00:46:12,920
Speaker 11: are now doing long stories the fear porn about how

844
00:46:12,920 --> 00:46:17,000
Speaker 11: they're letting all these brilliant techies go and how cybersecurity

845
00:46:17,000 --> 00:46:20,759
Speaker 11: attacks impending doom. Although I think the cybersecurity attacks have

846
00:46:20,800 --> 00:46:25,040
Speaker 11: already happened because precisely why CISSA and all the engineers

847
00:46:25,080 --> 00:46:27,840
Speaker 11: over there have not been focused on securing this country

848
00:46:27,880 --> 00:46:31,239
Speaker 11: against cyber attacks, but rather they've been focused on censoring

849
00:46:31,280 --> 00:46:35,360
Speaker 11: Americans weaponizing election infrastructure. So I think this is an

850
00:46:35,400 --> 00:46:37,600
Speaker 11: important thread that they've just started to pick. But I

851
00:46:37,680 --> 00:46:39,640
Speaker 11: just wanted to lay it down for the audience because

852
00:46:39,640 --> 00:46:42,520
Speaker 11: you're going to see this expand and Secretary of State

853
00:46:42,560 --> 00:46:46,680
Speaker 11: Adrian Fontes has actually already started advocating it, and it's

854
00:46:46,680 --> 00:46:49,840
Speaker 11: been propped up by Democracy Docket, that's Mark o Ellias's group,

855
00:46:50,120 --> 00:46:53,440
Speaker 11: the idea of creating a sort of new SISSA to

856
00:46:53,560 --> 00:46:57,960
Speaker 11: help defend election administration across the country.

857
00:47:00,760 --> 00:47:02,799
Speaker 1: Uh, I tell you what, I'm gonna let you go.

858
00:47:02,920 --> 00:47:04,520
Speaker 1: We're gonna have you back on to marm and do

859
00:47:04,600 --> 00:47:07,000
Speaker 1: all the Putin stuff with you that came from the

860
00:47:07,000 --> 00:47:09,880
Speaker 1: White House today tomorrow, because there's gonna be more breaking

861
00:47:09,920 --> 00:47:13,200
Speaker 1: news overnight on that Natalie. Until then, where do people

862
00:47:13,200 --> 00:47:15,440
Speaker 1: go to your social media to attract everything you're working on?

863
00:47:17,560 --> 00:47:20,280
Speaker 11: Natalie, she enters on all platforms. Thank you for joining.

864
00:47:20,880 --> 00:47:22,240
Speaker 8: Sorry I talked about cost.

865
00:47:22,280 --> 00:47:26,959
Speaker 1: Thank you for having me. Hey, don't take that, don't

866
00:47:27,000 --> 00:47:30,959
Speaker 1: take that cos thing to listen, Natalie Winners. Thanks, great job, ma'am.

867
00:47:31,200 --> 00:47:35,640
Speaker 1: Appreciate you. Okay, that's Natalie Winners. We're gonna when we return,

868
00:47:36,680 --> 00:47:42,040
Speaker 1: We're gonna go to the Treasury Department. The uh indefatigable.

869
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Speaker 1: Matt Boyle, the national political editor for Breitbart, the only

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Speaker 1: living human being that was a mentored in order by

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Speaker 1: Tucker Carlson Andrew Breitbart and Stephen K. Bannon and live

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Speaker 1: to tell about it. He's not the treasure part. Just

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Speaker 1: did an exclusive interview with Scott Bessen on a day

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Speaker 1: of global turmoil in the capital markets. Part of that reason,

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Speaker 1: Putin came back with a couple of three ideas that

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Speaker 1: he would only do the cease fire. Let's say this.

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Speaker 1: He took a maximalist position. It's one of the reasons

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Speaker 1: capital markets are royaled today gold. A few minutes ago,

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Speaker 1: the historic three thousand dollar mark was breached. We're gonna

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Speaker 1: break it all down, leave you with the right stuff.

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Speaker 1: Get ready for the Second Hour in the late afternoon

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Speaker 1: early evening edition with be right back