1 00:00:00,800 --> 00:00:03,840 Speaker 1: Are you considering taking over the DC Police. 2 00:00:03,560 --> 00:00:06,040 Speaker 2: Is not an option on the footbe We're considering it, Yeah, 3 00:00:06,080 --> 00:00:09,559 Speaker 2: because the crime is ridiculous. I could show you a 4 00:00:09,720 --> 00:00:12,719 Speaker 2: chart comparing DC to other locations and you're not going 5 00:00:12,800 --> 00:00:14,400 Speaker 2: to want to see what it looks like. Now, we 6 00:00:14,480 --> 00:00:17,040 Speaker 2: want to have a great, safe capital and we're going 7 00:00:17,120 --> 00:00:19,160 Speaker 2: to have it. We're going to beautify this city. We're 8 00:00:19,160 --> 00:00:21,919 Speaker 2: going to make it beautiful. What a shame the rate 9 00:00:21,960 --> 00:00:24,960 Speaker 2: of crime, the rate of muggings, killings and everything else. 10 00:00:25,000 --> 00:00:27,120 Speaker 2: We're not going to let it. And that includes bringing 11 00:00:27,160 --> 00:00:29,400 Speaker 2: in the National Guard, maybe very quickly too. 12 00:00:29,920 --> 00:00:33,559 Speaker 3: You're listening to the forty seven Morning Update with Ben Ferguson. 13 00:00:33,760 --> 00:00:35,040 Speaker 1: Good Saturday morning to you. 14 00:00:35,159 --> 00:00:37,400 Speaker 4: Ben Ferguson with you, and these are some of the 15 00:00:37,440 --> 00:00:39,640 Speaker 4: stories that you may have missed that we talked about 16 00:00:39,640 --> 00:00:42,680 Speaker 4: this week on the forty seven Morning Update. First up, 17 00:00:42,960 --> 00:00:46,640 Speaker 4: the White House snabbing a number of bad Own braids 18 00:00:46,680 --> 00:00:50,559 Speaker 4: with very little border crossings, and the media is not 19 00:00:50,760 --> 00:00:55,240 Speaker 4: telling you about how successful this administration is it finding 20 00:00:55,280 --> 00:00:57,560 Speaker 4: those that are breaking into this country that are a 21 00:00:57,600 --> 00:01:01,240 Speaker 4: threat to all of us. Bus we're hearing now from 22 00:01:01,280 --> 00:01:05,080 Speaker 4: Donald Trumps White House. An executive order is on its 23 00:01:05,120 --> 00:01:11,039 Speaker 4: way over debanking of conservatives by small, mid size, and 24 00:01:11,319 --> 00:01:17,240 Speaker 4: especially large banks that are attacking Conservatives and Christians solely 25 00:01:17,280 --> 00:01:19,840 Speaker 4: based because of their belief system. 26 00:01:20,280 --> 00:01:22,160 Speaker 1: I'll break that down for you in a second. 27 00:01:22,640 --> 00:01:24,240 Speaker 4: All right, I want to take a moment talk about 28 00:01:24,240 --> 00:01:26,880 Speaker 4: the economy. You've been seeing what's happening on Wall Street, 29 00:01:26,920 --> 00:01:29,080 Speaker 4: You've seen what's been happening with interest rates, and you've 30 00:01:29,120 --> 00:01:34,640 Speaker 4: probably seen gold prices hitting all time record highs. Why 31 00:01:34,760 --> 00:01:37,680 Speaker 4: because there is uncertainty all over the world right now, 32 00:01:38,080 --> 00:01:41,080 Speaker 4: and when there is uncertain times, you want real answers 33 00:01:41,120 --> 00:01:45,520 Speaker 4: about your financial stability. Well, at Kurt Elliott Precious Metals, 34 00:01:45,680 --> 00:01:48,560 Speaker 4: you get more than gold and silver. You get trusted 35 00:01:48,600 --> 00:01:52,760 Speaker 4: guidance from a team that puts people first always. You 36 00:01:53,000 --> 00:01:57,840 Speaker 4: also get transparency. This is why I recommend them. Their 37 00:01:57,880 --> 00:02:00,560 Speaker 4: mission is clear. They want to help you protect what 38 00:02:00,600 --> 00:02:04,600 Speaker 4: matters most with real metals, real service, and real clarity. 39 00:02:05,040 --> 00:02:08,520 Speaker 4: Now here's why I love what they do at Kirk 40 00:02:08,560 --> 00:02:13,360 Speaker 4: Elliott Precious Metals number one bullyon only approach. They focus 41 00:02:13,400 --> 00:02:18,040 Speaker 4: on investment grade metals, not overpriced quote collectibles or gimmick 42 00:02:18,240 --> 00:02:21,000 Speaker 4: products that cost you an insane amount of money for 43 00:02:21,080 --> 00:02:23,920 Speaker 4: what you're actually getting. What they do is they sell 44 00:02:23,960 --> 00:02:27,240 Speaker 4: you more metal for your money and fair value when 45 00:02:27,280 --> 00:02:30,360 Speaker 4: it's time for you to actually sell. 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So if you're ready for real, 53 00:02:58,720 --> 00:03:03,000 Speaker 4: honest clarity and all of the BS taken out, visit 54 00:03:03,320 --> 00:03:08,840 Speaker 4: k e PM dot com slash ben that's k e 55 00:03:09,480 --> 00:03:14,640 Speaker 4: PM dot com slash ben to schedule your personal portfolio review. 56 00:03:15,160 --> 00:03:18,440 Speaker 4: Ask about today's unique market window and how the current 57 00:03:18,760 --> 00:03:22,480 Speaker 4: silver to gold ratio might work in your favor. Protect 58 00:03:22,520 --> 00:03:26,919 Speaker 4: what matters, plan with clarity k e PM dot com 59 00:03:26,919 --> 00:03:32,000 Speaker 4: slash Ben or seven two zero six oh five thirty 60 00:03:32,080 --> 00:03:36,120 Speaker 4: nine hundred. That's seven two zero six oh five thirty 61 00:03:36,200 --> 00:03:40,680 Speaker 4: nine hundred. Kurt Elliott Precious Metals. Smarter Metal Investing starts 62 00:03:40,680 --> 00:03:43,400 Speaker 4: with them. It's the forty seven Morning Update and it 63 00:03:43,520 --> 00:03:44,680 Speaker 4: starts right now. 64 00:03:44,920 --> 00:03:46,080 Speaker 3: Story number one. 65 00:03:46,280 --> 00:03:49,320 Speaker 1: I want to get to another important issue. Uh. 66 00:03:49,360 --> 00:03:53,200 Speaker 4: It's a big one, and it's one that so many 67 00:03:53,280 --> 00:03:59,720 Speaker 4: Americans have, especially the media, have really really really overlooked 68 00:03:59,760 --> 00:04:02,200 Speaker 4: it completely. That's part of what I like to do 69 00:04:02,240 --> 00:04:06,120 Speaker 4: here is bring you different information that others are refusing 70 00:04:06,200 --> 00:04:10,120 Speaker 4: to cover. And this one is one that is really 71 00:04:10,240 --> 00:04:14,360 Speaker 4: interesting because the number of arrests of migrant got aways 72 00:04:14,560 --> 00:04:20,120 Speaker 4: continuing now in Texas despite record low apprehensions at the border. 73 00:04:20,200 --> 00:04:22,720 Speaker 4: The media doesn't want you to know how many bad 74 00:04:22,800 --> 00:04:25,240 Speaker 4: own braids we have right now in this country. The 75 00:04:25,279 --> 00:04:29,120 Speaker 4: Texas Department of Public Safety troopers, the National guardsmen, and 76 00:04:29,160 --> 00:04:32,400 Speaker 4: the Border Patrol agents are continuing to arrest migrants to 77 00:04:32,480 --> 00:04:35,320 Speaker 4: illegally cross the border between the ports of entry and 78 00:04:35,400 --> 00:04:38,440 Speaker 4: made their way into the US interior. The Trump administration 79 00:04:38,520 --> 00:04:43,080 Speaker 4: has just released more info. Recent arrests include three Chinese 80 00:04:43,200 --> 00:04:46,200 Speaker 4: nationals who got away from the border after crossing near 81 00:04:46,279 --> 00:04:50,919 Speaker 4: Mission Texas. What we now know is that this was 82 00:04:50,960 --> 00:04:54,279 Speaker 4: an operation that Texas DPS did. They posted video to 83 00:04:54,320 --> 00:04:57,479 Speaker 4: social media showing the continuing activities of the troopers, the 84 00:04:57,520 --> 00:05:01,160 Speaker 4: garment and Border patrol agents, who, despite these record low 85 00:05:01,240 --> 00:05:03,600 Speaker 4: apprehensions of the border said now their job is to 86 00:05:03,760 --> 00:05:07,680 Speaker 4: fine migrants being smuggled into the interior Texas after not 87 00:05:07,760 --> 00:05:11,200 Speaker 4: being apprehended at the border. Law enforcement teams they say 88 00:05:11,240 --> 00:05:15,080 Speaker 4: are real problems are having facing real problems because they're 89 00:05:15,160 --> 00:05:17,960 Speaker 4: going after and continue to seize drugs that are being 90 00:05:18,040 --> 00:05:21,800 Speaker 4: smuggled into Texas. You have human smuggling arrests that are 91 00:05:22,040 --> 00:05:25,400 Speaker 4: are still happening each and every day. You have canine 92 00:05:25,440 --> 00:05:27,280 Speaker 4: teams now that are actually being able to do their 93 00:05:27,360 --> 00:05:31,400 Speaker 4: draw jobs by tracking and assisting US Port Patrol in 94 00:05:31,480 --> 00:05:34,800 Speaker 4: the tracking of these drugs. We're seeing drug seizures, they said, 95 00:05:34,839 --> 00:05:38,600 Speaker 4: in Brownsville, Texas, stolen vehicles that are being used by 96 00:05:38,600 --> 00:05:43,279 Speaker 4: the cartels, and others that are that are grabbed in Laredo, Texas, 97 00:05:43,320 --> 00:05:46,600 Speaker 4: for example. This is just some of what is happening 98 00:05:46,760 --> 00:05:49,120 Speaker 4: at the border. We also know this past week that 99 00:05:49,240 --> 00:05:53,000 Speaker 4: smugglers were sentenced to ten years in prison. You've got 100 00:05:53,040 --> 00:05:57,240 Speaker 4: pursuits to ranch tracks to all these missions that are happening, 101 00:05:57,320 --> 00:06:00,280 Speaker 4: and they're wanting people to understand what's going on here now. 102 00:06:00,400 --> 00:06:03,839 Speaker 4: One example that was reported was on July the thirty first. 103 00:06:03,880 --> 00:06:06,039 Speaker 4: One of the videos they put out show Border Patrol 104 00:06:06,279 --> 00:06:10,240 Speaker 4: mounted patrolled teams tracking migrants in Duval County, Texas. The 105 00:06:10,279 --> 00:06:12,680 Speaker 4: team tracked the illegal alien to attempt to escape by 106 00:06:12,760 --> 00:06:16,279 Speaker 4: using thick brushes cover. That's where the Texas DPSK nine 107 00:06:16,279 --> 00:06:19,000 Speaker 4: team managed to apprehend the two legal aliens and turn 108 00:06:19,040 --> 00:06:20,640 Speaker 4: them over to Border patrol agents. 109 00:06:20,720 --> 00:06:21,760 Speaker 1: Now, they weren't able. 110 00:06:21,560 --> 00:06:24,400 Speaker 4: To do this type of work before because they were 111 00:06:24,440 --> 00:06:27,440 Speaker 4: babysitting illegal immigrants at the border under the Biden administration. 112 00:06:27,760 --> 00:06:30,839 Speaker 4: Earlier on Thursday, for example, they reported the arrests of 113 00:06:30,880 --> 00:06:34,159 Speaker 4: these three Chinese nationals that were apprehended near Mission, Texas 114 00:06:34,200 --> 00:06:37,160 Speaker 4: after clearing the border without encountering a border patrol agent. 115 00:06:37,279 --> 00:06:40,480 Speaker 4: And this is part of the problem. Now the troopers say, 116 00:06:40,560 --> 00:06:42,400 Speaker 4: we're getting to do our jobs. Now they were to 117 00:06:42,440 --> 00:06:45,520 Speaker 4: stop the human smuggling attempts. Last week, also in De 118 00:06:45,600 --> 00:06:48,680 Speaker 4: Mint County, Texas, they pulled over a Florida driver. The 119 00:06:48,720 --> 00:06:51,760 Speaker 4: troopers fround two Mexican nationals illegally president in the US, 120 00:06:51,880 --> 00:06:54,839 Speaker 4: hiding in the rear cargo area of the suv. Again, 121 00:06:55,000 --> 00:06:57,679 Speaker 4: another example of the bad own braids that we're talking about. 122 00:06:57,760 --> 00:07:00,159 Speaker 4: On July third, for example, it was reported what did 123 00:07:00,200 --> 00:07:03,600 Speaker 4: the arrest of ten illegal aliens near Mission. These included 124 00:07:03,880 --> 00:07:07,200 Speaker 4: four migrants from Uzbekistan, Now, why does that matter, Well, 125 00:07:07,200 --> 00:07:09,800 Speaker 4: it's a hotbed for terrorism. That's one of the big 126 00:07:09,840 --> 00:07:12,440 Speaker 4: concerns here is that how many people have come in 127 00:07:12,480 --> 00:07:16,000 Speaker 4: this country illegally that are terrorists and wanting to do 128 00:07:16,080 --> 00:07:19,480 Speaker 4: things and do real harm inside the United States of America. Now, 129 00:07:19,520 --> 00:07:22,120 Speaker 4: in June, to put this in perspective of where we 130 00:07:22,200 --> 00:07:25,640 Speaker 4: are now because of a strong border security from this 131 00:07:25,800 --> 00:07:30,360 Speaker 4: President Donald Trump, border patrol agents apprehended three thousand, nine 132 00:07:30,400 --> 00:07:34,040 Speaker 4: hundred and ninety five migrants who illegally crossed the border 133 00:07:34,280 --> 00:07:37,960 Speaker 4: into five Texas based sectors. Let me just explain to 134 00:07:37,960 --> 00:07:41,200 Speaker 4: you the difference between June of this year and June 135 00:07:41,240 --> 00:07:43,880 Speaker 4: of twenty twenty four, when Joe Biden was like, everybody, 136 00:07:43,880 --> 00:07:47,120 Speaker 4: come in, we have an open border. They caught thirty thousand, 137 00:07:47,520 --> 00:07:50,440 Speaker 4: seven hundred and sixty six compared to three thousand, nine 138 00:07:50,520 --> 00:07:52,520 Speaker 4: hundred and ninety five one year apart. 139 00:07:52,640 --> 00:07:55,640 Speaker 1: What changed? A president that is enforcing the law. 140 00:07:55,840 --> 00:07:59,960 Speaker 4: The Southwest Land border encounters that were reported and public 141 00:08:00,360 --> 00:08:02,920 Speaker 4: by the US Customs and Border Protection said, this is 142 00:08:03,040 --> 00:08:05,640 Speaker 4: now going back to a point that we can manage 143 00:08:05,920 --> 00:08:08,920 Speaker 4: and protect the border compared to what it was now. 144 00:08:08,960 --> 00:08:11,560 Speaker 4: If you do the math on that, this represents a 145 00:08:11,640 --> 00:08:13,840 Speaker 4: drop of now more than eighty seven. 146 00:08:13,640 --> 00:08:15,200 Speaker 1: Percent year over year. 147 00:08:15,400 --> 00:08:18,920 Speaker 4: The June apprehension numbers are also down from five four 148 00:08:18,960 --> 00:08:22,360 Speaker 4: hundred ninety one migrants apprehended in May. So this is 149 00:08:22,440 --> 00:08:24,920 Speaker 4: also sending a message around the world you probably don't 150 00:08:24,920 --> 00:08:26,920 Speaker 4: want to try because you're going to get caught. And 151 00:08:26,960 --> 00:08:29,800 Speaker 4: it's not an open border that we had under the 152 00:08:29,960 --> 00:08:34,200 Speaker 4: radicals in the Biden regime. Border apprehensions in the Texas 153 00:08:34,240 --> 00:08:38,600 Speaker 4: based sectors and June accounted for approximately sixty six percent 154 00:08:38,760 --> 00:08:42,200 Speaker 4: of all migrants apprehended along the southern border with Mexico. 155 00:08:42,400 --> 00:08:46,520 Speaker 4: Nearly four thousand, six hundred migrants were apprehended in all 156 00:08:46,600 --> 00:08:50,439 Speaker 4: nine border patrol sectors along the southwest border in July. 157 00:08:50,880 --> 00:08:54,719 Speaker 4: That marks she had another historic low for the Trump administration. 158 00:08:54,960 --> 00:08:57,160 Speaker 4: So Christy Noome put it out this way, and she 159 00:08:57,320 --> 00:08:59,679 Speaker 4: said in her tweet where she was going through all 160 00:08:59,720 --> 00:09:02,199 Speaker 4: these numbers, and again, why is the media not telling 161 00:09:02,240 --> 00:09:04,920 Speaker 4: you how safe the border has become? Because they don't 162 00:09:05,040 --> 00:09:08,720 Speaker 4: want you to know this. Okay, history made again is 163 00:09:08,720 --> 00:09:11,080 Speaker 4: how Christy Noome put it. The numbers don't lie. This 164 00:09:11,240 --> 00:09:14,120 Speaker 4: the most secure the border has ever been. President Donald 165 00:09:14,120 --> 00:09:17,480 Speaker 4: Trump didn't just manage the crisis. He obliterated it. No 166 00:09:17,559 --> 00:09:21,240 Speaker 4: more excuses. Christy Nome said, no more releases. We put 167 00:09:21,240 --> 00:09:24,960 Speaker 4: the cartels on defense and taken our border back. She 168 00:09:25,040 --> 00:09:29,400 Speaker 4: then said, in July the lowest nationwide encounter number ever 169 00:09:29,559 --> 00:09:32,760 Speaker 4: twenty four thousand, six hundred and thirty. That is down 170 00:09:32,880 --> 00:09:35,600 Speaker 4: two point four percent from June. But here's the number 171 00:09:35,600 --> 00:09:38,480 Speaker 4: that you're going to care about. It's ninety percent lower 172 00:09:38,520 --> 00:09:42,400 Speaker 4: than the monthly average under the last administration. The lowest 173 00:09:42,400 --> 00:09:46,760 Speaker 4: border patrol apprehensions nationwide also six thousand, one hundred and 174 00:09:46,760 --> 00:09:50,360 Speaker 4: seventy seven. That shattered, by the way, June's all time 175 00:09:50,440 --> 00:09:52,959 Speaker 4: low as well. She went on to say, this the 176 00:09:53,000 --> 00:09:56,800 Speaker 4: lowest Southwest border apprehensions we've ever seen, four thousand, five 177 00:09:56,880 --> 00:09:59,000 Speaker 4: hundred and ninety eight, nearly five hundred fewer than the 178 00:09:59,080 --> 00:10:04,000 Speaker 4: daily average under the last administration, which averaged five thousand, 179 00:10:04,360 --> 00:10:07,640 Speaker 4: one hundred and ten apprehensions per day from February of 180 00:10:07,679 --> 00:10:10,280 Speaker 4: twenty twenty one to December of twenty twenty four. We 181 00:10:10,320 --> 00:10:13,400 Speaker 4: also have the lowest daily apprehension average, just one hundred 182 00:10:13,400 --> 00:10:16,360 Speaker 4: and forty eight per day. That's lower than the average 183 00:10:16,440 --> 00:10:19,360 Speaker 4: rate of one hundred and fifty two apprehensions every two 184 00:10:19,760 --> 00:10:24,240 Speaker 4: hours under the Biden administration last July alone, So we're 185 00:10:24,240 --> 00:10:26,800 Speaker 4: doing one hundred and forty eight a day in apprehensions. 186 00:10:26,960 --> 00:10:30,079 Speaker 4: They were doing one hundred and fifty two every two hours, 187 00:10:30,320 --> 00:10:33,240 Speaker 4: every hour of the day twenty four to seven last July. 188 00:10:33,480 --> 00:10:36,319 Speaker 4: And then she finally says, this the lowest single day 189 00:10:36,360 --> 00:10:40,040 Speaker 4: apprehensions in history eighty eight at the Southwest border, one 190 00:10:40,120 --> 00:10:43,120 Speaker 4: hundred and sixteen nationwide on July the twentieth. Now look 191 00:10:43,120 --> 00:10:45,280 Speaker 4: at the calendar right now and where we are. What 192 00:10:45,320 --> 00:10:48,839 Speaker 4: you're hearing and what we're seeing from border patrol agents 193 00:10:48,880 --> 00:10:51,600 Speaker 4: and from the Trump administration is that the word is 194 00:10:51,640 --> 00:10:54,040 Speaker 4: getting out. Do you really want to go into incredible 195 00:10:54,040 --> 00:10:56,000 Speaker 4: debt to try to come to America to immediately get 196 00:10:56,000 --> 00:10:57,920 Speaker 4: caught and then be sent home? Do you want to 197 00:10:57,960 --> 00:11:00,480 Speaker 4: pay these smugglers to get you in and you're going 198 00:11:00,600 --> 00:11:02,640 Speaker 4: to get caught? You look at the lowest single day 199 00:11:02,679 --> 00:11:05,679 Speaker 4: apprehension in history eighty eighth the Southwest border. 200 00:11:05,440 --> 00:11:07,720 Speaker 1: And one hundred and sixteen nation one on July twentieth. 201 00:11:07,760 --> 00:11:09,840 Speaker 4: Now I say that because you may say, well, okay, 202 00:11:09,840 --> 00:11:11,560 Speaker 4: hold on, maybe there was a bad weather day. No 203 00:11:11,880 --> 00:11:14,800 Speaker 4: it wasn't. It was actually a great weather day. Why nay, 204 00:11:15,080 --> 00:11:18,000 Speaker 4: on July twentieth, did you have these numbers drop that much? 205 00:11:18,080 --> 00:11:20,440 Speaker 4: Because that's the last day we have reported and public 206 00:11:20,480 --> 00:11:23,160 Speaker 4: access to what Donald Trump is doing is he's going 207 00:11:23,240 --> 00:11:25,640 Speaker 4: after and using ICE and they're going after the illegal 208 00:11:25,720 --> 00:11:30,440 Speaker 4: immigrants everywhere they are, including sanctuary cities. Word is getting 209 00:11:30,520 --> 00:11:33,640 Speaker 4: back to the smugglers and the human traffickers and those 210 00:11:33,679 --> 00:11:36,200 Speaker 4: that were paying them that it may not be worth 211 00:11:36,200 --> 00:11:39,520 Speaker 4: you paying them because you're probably not going to make it. 212 00:11:39,679 --> 00:11:43,440 Speaker 4: And that is how Trump is making America safe again. 213 00:11:43,800 --> 00:11:44,880 Speaker 3: Now story number two. 214 00:11:45,320 --> 00:11:49,520 Speaker 4: In a major move to protect all Americans, the White 215 00:11:49,520 --> 00:11:52,679 Speaker 4: House were now being told is preparing a new executive 216 00:11:52,800 --> 00:11:58,880 Speaker 4: order that would find banks, small, medium, and the largest 217 00:11:59,120 --> 00:12:03,760 Speaker 4: for dropping customers for political reasons. The Wall Street Journal 218 00:12:03,840 --> 00:12:08,800 Speaker 4: is reporting on it now. The order directs bank regulators 219 00:12:08,840 --> 00:12:13,640 Speaker 4: to investigate whether any financial institutions might have violated the 220 00:12:14,000 --> 00:12:20,760 Speaker 4: Equal Credit Opportunity Act, antitrust laws, or consumer financial protection laws, 221 00:12:21,120 --> 00:12:24,120 Speaker 4: the journal reported, citing a draft text of the order. 222 00:12:24,640 --> 00:12:28,160 Speaker 4: The order, which could be signed as early as this week, 223 00:12:28,640 --> 00:12:35,120 Speaker 4: provides for monetary penalties, consent decrees, or other disciplinary measures 224 00:12:35,160 --> 00:12:40,599 Speaker 4: against violators. The order also directs regulators to strike policies 225 00:12:41,480 --> 00:12:45,959 Speaker 4: they have that might have contributed to banks dropping certain customers, 226 00:12:46,360 --> 00:12:50,240 Speaker 4: and requires the Small Business Association to review the practices 227 00:12:50,800 --> 00:12:56,600 Speaker 4: of banks that guarantee the agency's loans. Now, this is 228 00:12:56,640 --> 00:13:02,120 Speaker 4: a major move for protecting specific conservatives that have been 229 00:13:02,200 --> 00:13:07,240 Speaker 4: debanked by large banks and small banks alike. There are 230 00:13:07,280 --> 00:13:10,120 Speaker 4: many in the Second Amendment community that have also been 231 00:13:10,240 --> 00:13:15,080 Speaker 4: debanked as well. There are Christian organizations that have been debanked, 232 00:13:15,559 --> 00:13:21,760 Speaker 4: missionary organizations that have been debanked, and conservative organizations that 233 00:13:21,800 --> 00:13:26,200 Speaker 4: have been debanked, especially during the Biden years. Now the 234 00:13:26,240 --> 00:13:30,600 Speaker 4: President saying, you can't do that. It's un American and 235 00:13:30,679 --> 00:13:32,199 Speaker 4: we're not going to allow it to stand. 236 00:13:32,760 --> 00:13:32,960 Speaker 1: Now. 237 00:13:33,040 --> 00:13:36,559 Speaker 4: Reuters is also reporting at this hour that the White 238 00:13:36,600 --> 00:13:41,480 Speaker 4: House is apparently working on this at a rapid pace 239 00:13:41,880 --> 00:13:44,520 Speaker 4: because they believe it is time to hold banks accountable 240 00:13:44,520 --> 00:13:48,920 Speaker 4: that targeted people specifically for their political beliefs. 241 00:13:49,880 --> 00:13:51,000 Speaker 1: Now, after speaking with. 242 00:13:51,000 --> 00:13:53,920 Speaker 4: People at the White House late this afternoon, here's what 243 00:13:54,000 --> 00:13:56,920 Speaker 4: I can also tell you. The White House, I've been told, 244 00:13:57,120 --> 00:14:00,640 Speaker 4: is in fact preparing an executive order that would empower 245 00:14:00,720 --> 00:14:06,400 Speaker 4: the regulators to penalize banks for quote, terminating customer relationships 246 00:14:07,080 --> 00:14:11,960 Speaker 4: based on political beliefs. These penalties could include hefty fines, 247 00:14:11,960 --> 00:14:18,480 Speaker 4: I'm being told, and also disciplinary actions. Now, financial regulators 248 00:14:18,480 --> 00:14:22,680 Speaker 4: would be instructed to investigate potential breaches not only the 249 00:14:22,800 --> 00:14:26,720 Speaker 4: Equal Credit Opportunity Act I mentioned earlier and antitrust laws, 250 00:14:27,040 --> 00:14:31,880 Speaker 4: but also consumer protection regulations by banks accused of politically 251 00:14:31,920 --> 00:14:36,720 Speaker 4: motivated actions against those who had bank accounts at their bank. 252 00:14:37,400 --> 00:14:42,440 Speaker 4: The draft order also calls on policymakers to revoke existing 253 00:14:42,560 --> 00:14:46,760 Speaker 4: internal bank policies that actually may have led to politically 254 00:14:46,800 --> 00:14:52,200 Speaker 4: motivated account closures, and directs the Small Business Administration to 255 00:14:52,360 --> 00:14:57,560 Speaker 4: review loan back practices that could involve similar issues as well. Now, 256 00:14:57,640 --> 00:15:02,840 Speaker 4: although no banks are mentioned by, the order appears tied 257 00:15:02,920 --> 00:15:08,480 Speaker 4: to public criticism of major institutions such as JP, Morgan Chase, 258 00:15:08,840 --> 00:15:14,440 Speaker 4: and Bank of America accused of severing ties with conservative clients, 259 00:15:14,840 --> 00:15:17,760 Speaker 4: a charge that of course they strongly deny, and the 260 00:15:17,800 --> 00:15:22,120 Speaker 4: Wall Street Journal has reported on this extensively recently. Now, 261 00:15:22,200 --> 00:15:25,480 Speaker 4: according to others, the order could be signed like I 262 00:15:25,560 --> 00:15:30,520 Speaker 4: said this week, potentially spelling major trouble for big banks. 263 00:15:31,000 --> 00:15:31,200 Speaker 1: Now. 264 00:15:31,240 --> 00:15:37,920 Speaker 4: This move reflects Donald Trump's ongoing concern, especially from conservative circles, 265 00:15:38,240 --> 00:15:43,000 Speaker 4: about political bias or debanking and financial services. It forms 266 00:15:43,080 --> 00:15:48,000 Speaker 4: part of a broader regulatory agenda to ensure economic institutions 267 00:15:48,080 --> 00:15:53,240 Speaker 4: remain neutral and customers aren't penalized for political beliefs. At 268 00:15:53,240 --> 00:15:55,080 Speaker 4: the end of the day, the President of the United 269 00:15:55,080 --> 00:15:57,680 Speaker 4: States of America wants to make sure you're not targeted 270 00:15:58,160 --> 00:16:01,840 Speaker 4: because you voted for him, and in the future, to 271 00:16:01,840 --> 00:16:04,000 Speaker 4: make sure that no matter who you vote for, you're 272 00:16:04,040 --> 00:16:07,560 Speaker 4: not targeted by a bank. Now, the order has not 273 00:16:07,800 --> 00:16:10,800 Speaker 4: been officially issued yet, and there's a very good chance 274 00:16:10,840 --> 00:16:13,880 Speaker 4: there will be changes that are made in the coming 275 00:16:13,960 --> 00:16:20,080 Speaker 4: days and hours. Banks and regulators also are remaining relatively quiet, 276 00:16:20,400 --> 00:16:23,080 Speaker 4: and the White House is saying they're willing to talk, 277 00:16:23,520 --> 00:16:26,320 Speaker 4: but there's many that are scared what may be coming 278 00:16:26,360 --> 00:16:30,360 Speaker 4: down the pipeline. And the big question is this, which 279 00:16:30,520 --> 00:16:35,360 Speaker 4: agencies are actually going to lead enforcement oversight I'm being 280 00:16:35,400 --> 00:16:38,560 Speaker 4: told is likely going to be by federal banking regulators, 281 00:16:38,800 --> 00:16:44,920 Speaker 4: the Department of Justice, and the SPA. Implementation details are 282 00:16:45,040 --> 00:16:47,880 Speaker 4: going to work through the White House and the hours 283 00:16:47,920 --> 00:16:50,960 Speaker 4: and days ahead. At the end of the day, what 284 00:16:51,000 --> 00:16:53,600 Speaker 4: does this mean, Well, it means that dun Up Trump's 285 00:16:53,640 --> 00:16:57,400 Speaker 4: looking out for conservatives that have been targeted solely because 286 00:16:57,440 --> 00:17:01,280 Speaker 4: of our political beliefs. 287 00:17:00,040 --> 00:17:02,560 Speaker 1: Xactly why so many Americans voted for it. 288 00:17:02,720 --> 00:17:05,360 Speaker 3: Thank you for listening to the forty seven Morning Update 289 00:17:05,520 --> 00:17:09,600 Speaker 3: with Ben Ferguson. Please make sure you hit subscribe wherever 290 00:17:09,680 --> 00:17:12,640 Speaker 3: you're listening to this podcast right now and for more 291 00:17:12,720 --> 00:17:16,480 Speaker 3: in depth news, also subscribe to the Ben Ferguson podcast 292 00:17:16,840 --> 00:17:18,960 Speaker 3: and we will see you back here on Monday morning.