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Speaker 1: We are facing something no other American has ever faced

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Speaker 1: in the history of this country. Will talk about that

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Speaker 1: when it comes to recruiting numbers, other things, Hunter Biden,

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Speaker 1: Peter Schiff breaks down inflation numbers. All that and more

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Speaker 1: coming up, And I'm right, we'll get to the historic

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Speaker 1: time you and I live in in just a moment.

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Speaker 1: I just want to do a couple housekeeping items off

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Speaker 1: the top. Primary season is here. It's finally here. Iowa

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Speaker 1: Caucuses this Monday. All eyes will be on them, and

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Speaker 1: your eyes should remain right here on the first TV

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Speaker 1: our beloved host, wildly talented Mike Slater will be here

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Speaker 1: talking about all the caucus stuff live Monday Night. Yours

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Speaker 1: truly meaning me, I will be joining him for at

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Speaker 1: least a segment or two to discuss every thing we're seeing.

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Speaker 1: All that and more is coming up on Monday.

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Speaker 2: What are we gonna see? I don't know.

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Speaker 1: Right Chris Christy dropped out. He was never gonna compete anyway.

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Speaker 1: He was only in the race to attack Trump. So

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Speaker 1: what's that leave us with Trump? DeSantis, Nikki Hayley Vivek

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Speaker 1: And what are the stakes?

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Speaker 2: Well, they're pretty big.

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Speaker 1: Are all the poll numbers? Accurate. Is Donald Trump running

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Speaker 1: away with it? I don't know, You don't know, No

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Speaker 1: one knows. We'll find out on Monday. I think we

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Speaker 1: can all be very honest with each other, no matter

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Speaker 1: who you're supporting in the primary.

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Speaker 2: On Monday, we're gonna find out.

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Speaker 1: Whether this is gonna be a real race, whether DeSantis

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Speaker 1: is gonna make a real run at this or not.

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Speaker 1: If he wins Iowa, we're gonna have a run. If

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Speaker 1: Trump goes out there and kurb stomps everybody, this freaking

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Speaker 1: thing is over.

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Speaker 2: It just is.

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Speaker 1: So we'll find out. I will tell you the same

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Speaker 1: thing I've been telling you.

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Speaker 2: I don't tell you how to vote.

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Speaker 1: I'm always honest with you about who I'm voting for him,

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Speaker 1: why I'm voting for it. But I don't tell you

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Speaker 1: how to vote. It's not my job to campaign for

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Speaker 1: any of these rental cars. I will just tell you this,

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Speaker 1: care enough to vote as the primaries come up, whatever

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Speaker 1: state you're in, care enough to participate in the primary,

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Speaker 1: research make a choice. It's your choice. Your vote is

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Speaker 1: the only power you have here in a representative republic.

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Speaker 1: So I don't care who it is, but participate in primaries.

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Speaker 1: The days of the good people sitting on a primary

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Speaker 1: and just showing up to vote against Democrats have got.

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Speaker 2: To be put behind us.

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Speaker 1: If you're tired of the useless GOP, then go get

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Speaker 1: involved in primaries and change it.

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Speaker 2: Remember this.

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Speaker 1: You can love this, you can hate this, but it

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Speaker 1: is one true. We're going to get the nominee we deserve,

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Speaker 1: for better for worse, doesn't matter. Whoever we get, that's

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Speaker 1: who we deserve. There's not going to be any accusation

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Speaker 1: so cheating it was rigged.

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Speaker 2: No, no, no, no.

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Speaker 1: The GOP primary voter will choose his nominee, So whoever

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Speaker 1: that is, we deserve that person.

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Speaker 2: So participating. Now, let's talk about something else.

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Speaker 1: You know, the old saying, well I shouldn't say old

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Speaker 1: saying sorry Lord, the biblical saying there's nothing new under

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Speaker 1: the sun. History repeats itself, all kinds of different versions

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Speaker 1: of that.

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Speaker 2: Right.

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Speaker 1: That's a great It's very true and very applicable to

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Speaker 1: most situations. We though, as Americans, we are facing something

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Speaker 1: that no American has ever faced in the history of

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Speaker 1: this country. And I'm not sure exactly what it means

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Speaker 1: for the nation, but.

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Speaker 2: I know it's not good. Now, before I get to

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Speaker 2: that something before I put a word on it. What's

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Speaker 2: the latest thing? The greatest or worst? Hunter?

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Speaker 1: Biden indicted on federal tax charges in Los Angeles. This

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Speaker 1: comes on the heels of Fanny Willis that Trump prosecutor

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Speaker 1: in Atlanta looking corrupt as all get up. She's having

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Speaker 1: an affair, She's visiting the White House. We have arrests

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Speaker 1: of pro lifers. We have Joe Biden lying about anything

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Speaker 1: and everything underneath the sun, naked government corruption laid bare

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Speaker 1: in front of everybody. And so that gets me to

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Speaker 1: my thing, the thing that you me. We're living through

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Speaker 1: it and we're going to live through it. And I

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Speaker 1: don't know what it means. But no other American has

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Speaker 1: ever had to live through this in previous generations.

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Speaker 2: What is this?

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Speaker 1: The most patriotic Americans aren't joining the military anymore. It's

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Speaker 1: never happened before ever, from the inception of the nation,

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Speaker 1: Civil War, World War One, Vietnam. It doesn't matter the

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Speaker 1: entire history of the United States of America, is the

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Speaker 1: most patriotic Americans joining the military fighting for the country. Now,

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Speaker 1: the recruiting numbers have bottomed out, and look, we have

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Speaker 1: the white recruiting numbers white recruiting in the last five

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Speaker 1: years has plumb kids standard white recruiting numbers about forty

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Speaker 1: four thousand. What is it now, twenty five thousand? Down, down,

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Speaker 1: down it goes. And we'll speak for a minute in

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Speaker 1: a minute about what this probably means for the country.

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Speaker 1: And it's all horrible. Don't get me wrong, but understand this.

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Speaker 1: I was in the Marines for four years. I have

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Speaker 1: certainly not some hero or anything like that. I was

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Speaker 1: just an average rent marine. I have two sons. My

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Speaker 1: sons will not join, they will not serve. We have

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Speaker 1: already discussed it at length about this government, about what

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Speaker 1: the government thinks about them, the constant anti white rhetoric

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Speaker 1: out of this government. You remember this new little doozy

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Speaker 1: from the brand new Chairman of the Joint Chief C Q.

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Speaker 2: Brown.

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Speaker 3: I can't fix centuries of racism in our country, nor

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Speaker 3: what can I fix decades that discrimination may have impacted

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Speaker 3: members of our air force. I'm thinking about how I

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Speaker 3: can make improvements personally, professionally and institutionally so that all

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Speaker 3: aaron both to day tomorrow appreciate the value of diversity

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Speaker 3: and conserving an environment where they can reach their full potential.

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Speaker 3: I want them wisdom and nots to lead, participate in,

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Speaker 3: and listen to necessary conversations on racism, diversity, and inclusion.

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Speaker 1: My sons aren't going to serve that. We don't serve

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Speaker 1: cultural Marxism in our home. And it goes way, way

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Speaker 1: way beyond me. Maybe you're thinking, what, Jesse, that's you

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Speaker 1: because I was in because of what I do, because

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Speaker 1: of my friend's circle. I have so many veterans who

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Speaker 1: are friends, veterans of various wars from Vietnam to Global War.

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Speaker 2: On Terror, Afghanistan, Iraq, all that.

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Speaker 1: I don't have a single, not one veteran friend of

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Speaker 1: mine who is encouraging his sons to join the military.

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Speaker 1: And I will tell you well, north of ninety percent

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Speaker 1: of the veterans I know are actively discouraging their children

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Speaker 1: from joining. In fact, I don't have a single veteran

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Speaker 1: friend whose child is joining the military. These are families

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Speaker 1: who oftentimes can date back their military.

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Speaker 2: Service through both world wars.

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Speaker 1: Some of my friends can date back their military their

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Speaker 1: famili's military service to the Revolutionary War.

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Speaker 2: Now, in the year of Our.

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Speaker 1: Lord twenty twenty four, that line is breaking in families

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Speaker 1: across the nation. The people who love freedom, family who

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Speaker 1: love America what it was. They are now for the

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Speaker 1: first time in our nation's history.

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Speaker 2: This didn't even happen in Vietnam.

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Speaker 1: They are refusing to join to serve a corrupt, evil regime.

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Speaker 1: They don't want to join to have discussions about white rage.

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Speaker 4: I want to understand white rage, and I'm white and

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Speaker 4: I want to understand it. So what is it that

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Speaker 4: caused thousands of people to assault this building and try

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Speaker 4: to overturn the Constitution of the United States of America?

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Speaker 2: What caused that?

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Speaker 4: I want to find that out.

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Speaker 2: You can get mad all you want, You can yell

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Speaker 2: and scream, you should join anyway. You should serve. Get

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Speaker 2: mad all you want.

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Speaker 1: Sixteen seventeen year old patriotic boys who grow up, they're

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Speaker 1: taught to stand up and remove their hat, put their

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Speaker 1: hand over their heart when the national anthem sings. These

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Speaker 1: are type A personalities, probably athletic adrenaline junkies, football players, wrestlers, outdoorsman, hunters, fishers.

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Speaker 1: They don't join. They won't join to serve pride flags.

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Speaker 1: They won't join to find their white rage. They will

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Speaker 1: find different ways to serve their nation. And our military

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Speaker 1: is not only lacking patriots to sign up. The wonderful

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Speaker 1: people who are in are leaving. The retention numbers are

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Speaker 1: actually more terrifying than the recruiting numbers.

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Speaker 2: Maybe that's you.

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Speaker 5: Right now, My emails are full of the most wonderful

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Speaker 5: hardcore pipe hitters in the military saying, Jesse, I'm gone, Jesse,

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Speaker 5: I'm finishing my twenty I'm gone, Jesse.

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Speaker 1: As soon as this stints over, I'm gone, Jesse. I

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Speaker 1: can't wait to be gone, Jesse. I'm leaving, Jesse, I'm leaving.

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Speaker 1: Doesn't matter whether you're right, left, middle, whether what I'm

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Speaker 1: saying is making you angry or not. What I'm saying

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Speaker 1: is happening right now the United States of America. It's

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Speaker 1: most hardcore patriots believe the United States of America is

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Speaker 1: turning in to an evil regime.

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Speaker 2: They will not sign up for it.

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Speaker 1: They will not sign up to serve a nation that

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Speaker 1: is openly hostile to them. You cannot line up time

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Speaker 1: and time and time again and call the most patriotic

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Speaker 1: people threats to democracy and then turn around and ask

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Speaker 1: them to bleed and die for that nation in uniform.

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Speaker 2: They will refuse to do so.

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Speaker 1: Now, what are the communists going to do in response

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Speaker 1: to this, because the Lord knows they're never going to

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Speaker 1: allow the military to actually shrink. We always need this

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Speaker 1: gigantic standing army for whatever reason. Where they could fill

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Speaker 1: up the military with people who either openly hate the country,

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Speaker 1: there's a lot of that, or they'll fill it up

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Speaker 1: with illegals who have no loyalty to the country whatsoever.

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Speaker 6: You know what the recruiting numbers are at the Army

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Speaker 6: and the Navy and the Air Force. They can't reach

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Speaker 6: their quotas each month. They can't find enough people to

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Speaker 6: join our military forces. And there are those who are

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Speaker 6: undocumented who want the chance to serve and risk their

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Speaker 6: lives for this country. Should be given a chance.

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Speaker 2: I think we should.

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Speaker 1: My sons will not serve that. They will not serve

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Speaker 1: under that. My sons will not share a fighting hole

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Speaker 1: in a hostile place with an illegal who has no

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Speaker 1: loyalty to them or this nation. They will not serve

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Speaker 1: myand my husband, my sons, every veteran I know, their sons.

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Speaker 1: They will not serve a government that is occupied by

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Speaker 1: people like Yvette Clark who go on camera and talk

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Speaker 1: about flooding this country with illegals in order to protect

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Speaker 1: her congressional seat.

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Speaker 7: When I hear colleagues talk about, you know, the doors

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Speaker 7: of the end being closed, no room in the end,

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Speaker 7: I'm saying, you know, I need more people in my district,

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Speaker 7: but just for redistricting purposes, and those members could could

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Speaker 7: clearly fit.

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Speaker 2: Here that evil piece of filth.

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Speaker 1: My children will not serve in a government where that

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Speaker 1: lady is running things. Yours probably won't either. Where does

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Speaker 1: that mean? Where does that lead us? Where does it

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Speaker 1: leave us? Where are we going? I don't know. I

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Speaker 1: know towards the end of the Roman Empire they ran

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Speaker 1: into this exact same thing. Roman citizens had soured on

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Speaker 1: their nation because of the corruption, naked corruption of their government.

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Speaker 1: They refused to join the military, whereas that had always

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Speaker 1: been something Romans had done. The Roman military then filled

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Speaker 1: up with foreigners, all kinds of foreigners, and well, then

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Speaker 1: the clock was ticking until the end. Hopefully that's not

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Speaker 1: our future. But that's where we are as a country.

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Speaker 1: All that may have made you uncomfortable, but I am right.

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Speaker 1: Let's talk about the border flooding this country with illegals.

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Speaker 1: Let's talk about may Orcis. We'll talk to Andy Biggs,

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Speaker 1: Congressman Andy Biggs about that next. Before we get to that,

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Speaker 1: I want to remind you of something else horrible that's happening.

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Speaker 1: Chuck Schumer just got up recently we played the video

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Speaker 1: I'm not going to play it for you again, and

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Speaker 1: he bragged, brag that the United States government is about

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Speaker 1: to pass another budget without a nickel. That was his words,

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Speaker 1: not mine, without a nickel in cuts. We are racing

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Speaker 1: towards the fiscal cliff, adding a trillion dollars in debt

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Speaker 1: every three months, and our senators, our most powerful people,

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Speaker 1: brag when they don't have to cut a penny. You

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Speaker 1: can only protect yourself. You cannot bank on this evil government,

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Speaker 1: protecting your money, protect your self. Oxford Gold Group is

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Speaker 1: for normal people, not millionaires and billionaires. For normal people

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Speaker 1: to get some gold coins or silver coins in their

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Speaker 1: physical possession. This is for people who've worked their butts

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Speaker 1: off and have a retirement of four oh one k

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Speaker 1: and ira and they don't want to watch wiped out

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Speaker 1: by these pieces of trash in Washington. That's why Oxford

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Speaker 1: Gold Group is there. I am proud to partner with him.

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Speaker 1: I love these guys, call them eight three three nine

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Speaker 1: nine five gold.

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Speaker 2: Let them handle it. Tell him Jesse told you to call.

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Speaker 2: They'll take care of you.

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Speaker 1: I promise eight three three gold, We'll be back.

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Speaker 8: Thank you, mister chairman.

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Speaker 3: Excuse me, Hunter, apparently you're afraid of my words.

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Speaker 9: Why you.

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Speaker 1: Well, that was all, honestly just really kind of awful

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Speaker 1: and embarrassing. Anyway, let's talk to the congressman about that.

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Speaker 1: Joining me now, Congressman Andy Biggs from the great state

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Speaker 1: of Arizona. Okay, Andy, what happened there? Why did he

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Speaker 1: even show up? What was happening there?

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Speaker 10: Well, he was showing up as a pr stunt.

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Speaker 11: He he wanted to deflect from the actual fact that

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Speaker 11: he had contempt for Congress and we're going to hold

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Speaker 11: him in contempt. He was that prop The Democrats wanted

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Speaker 11: to say, oh, see here he's willing to testify. See

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Speaker 11: he's even sitting here. But both the Mace and Marjorie

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Speaker 11: and Nancy Mason and Marjorie Taylor Green, they put it

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Speaker 11: to him and just you know, they were the first

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Speaker 11: two Republicans to go, and they started asking questions, and

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Speaker 11: you know what, that guy bolted out of there so

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Speaker 11: fast you would have thought that, you know, his tail

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Speaker 11: was on fire or something. But I mean, the reality

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Speaker 11: is he did not want to answer questions. He did

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Speaker 11: not want to be confronted. He didn't know that we

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Speaker 11: were ready to bring the heat.

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Speaker 1: Okay, he was indicted on federal tax charges in California today.

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Speaker 1: Does this give him legal cover to not talk to you?

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Speaker 1: That's really what everyone wants. They want him to be

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Speaker 1: forced to under oath talk and disclose what he knows

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Speaker 1: about Joe in his business.

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Speaker 10: Yeah.

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Speaker 11: I think it's in a way it's to cover because

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Speaker 11: if we are able to get him to come in,

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Speaker 11: believe me, I have a lot of questions with his

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Speaker 11: business dealings.

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Speaker 10: I've got tons of questions.

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Speaker 11: I'm going to ask him so about business dealings that

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Speaker 11: I'm sure he hasn't even thought about that I know

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Speaker 11: about that I've had witnesses tell me about.

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Speaker 10: And I know Comer's got a bunch of questions.

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Speaker 11: Virtually every member of the both committees' judiciary and oversight

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Speaker 11: both are ready to ask him a bunch of questions.

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Speaker 10: But he's going to sit there and say, oh.

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Speaker 11: Well, you know, I'm under investigation, I've got criminal charges

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Speaker 11: I can't answer, or he's going to take the fifth

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Speaker 11: or you know, it's a whole mountain of things that

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Speaker 11: he's trying to do to prevent us from knowing the truth,

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Speaker 11: prevent not just us in Congress, but.

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Speaker 10: The American people.

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Speaker 11: I believe Jesse that if we did this publicly and

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Speaker 11: he started taking the Fifth Amendment saying I don't know,

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Speaker 11: I'm not going to testify, it might incriminate me. That

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Speaker 11: type of thing, I think the American people would surmise

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Speaker 11: the same thing that we all know here already. He's corrupt,

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Speaker 11: his family's corrupt. Joe Biden's corrupt.

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Speaker 1: Speaking of corrupt, let's talk about the border. Obviously, these

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Speaker 1: people have opened it. They've opened it on purpose. It's

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Speaker 1: not a whoop sie, they didn't fumble. They've opened up

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Speaker 1: the borders of our country. We are now flooded with illegals.

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Speaker 1: Alejandro Majorcus is facing an impeachment.

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Speaker 2: Where are we on all this?

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Speaker 11: So I talked to Mark Green, who's the chairman of

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Speaker 11: that committee today and they were going to go forward

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Speaker 11: with another perhaps even a hearing our markup next week.

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Speaker 11: But my Orcus is claiming that he is unavailable because

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Speaker 11: he'll be meeting with representatives from Mexico. That's absurd, you know,

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Speaker 11: what I think should happen. Just go ahead and run

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Speaker 11: that impeachment resolution through and let's get her done, because

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Speaker 11: I don't know how we're going to be able to

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Speaker 11: withstand twelve more months if any of them look like

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Speaker 11: last December's numbers. You know, Jesse, I was down at

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Speaker 11: the border multiple times during the interim, and I can

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Speaker 11: tell you it is as bad.

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Speaker 10: Frankly, it's not as bad.

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Speaker 11: It is worse than I have ever seen it before.

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Speaker 1: Where does that leave us as a country congressman? When

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Speaker 1: we can't really stop it. I understand the GOP's trying

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Speaker 1: right now, but because they have the executive branch, because

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Speaker 1: they just frankly refuse to.

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Speaker 2: Follow the law, and they get away with that.

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Speaker 1: Thanks to Merrick Garland, they've opened up the country and Andy,

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Speaker 1: we can't do anything about it. I don't know that

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Speaker 1: this genie goes back in the lamp.

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Speaker 11: Yeah, I mean it's a good comment. But I'll tell

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Speaker 11: you what the GOP could do in Congress if it

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Speaker 11: had the wherewithal to do it, and that would be

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Speaker 11: to say we're not going to fund this federal government

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Speaker 11: because it is smating the country. That's a two for

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Speaker 11: because we spend too much money anyway, so you could

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Speaker 11: actually maybe reduce the spending a little bit. I'm introducing

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Speaker 11: a piece of legislation probably later today early tomorrow morning

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Speaker 11: to deal with that. But the second thing you could

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Speaker 11: do is you could start saying, we're just not going

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Speaker 11: to give you any money at all at all until

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Speaker 11: you actually secure the border.

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Speaker 10: Mine's a little bit more.

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Speaker 11: Nuanced because I say we'll continue to fund icbp TSA,

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Speaker 11: air traffic controllers, the military, make sure our vets are

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Speaker 11: taken care of, but other than that, we're not funding

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Speaker 11: the government right and if that's the case, then guess

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Speaker 11: what we would have a leverage point over this administration.

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Speaker 11: But Jesse, you can't take twelve more months of four

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Speaker 11: hundred to five hundred thousand people crossing into the country illegally.

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Speaker 11: You just can't do it, because, as you say, the

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Speaker 11: genie doesn't go back in the bottle, you can't get

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Speaker 11: the tooth paces back into two. Whatever you want to say,

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Speaker 11: it will have changed our country permanently.

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Speaker 1: Sh Well, fingers crossed rooting for you. Let's hope you

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Speaker 1: can find some other people in the caucus with some guts.

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Speaker 2: Congressman, thank you so much. I appreciate it.

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Speaker 1: Now, speaking of all that spending, we've got inflation numbers today.

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Speaker 1: Okay they're bad, But what does that mean? Okay, inflation's bad.

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Speaker 1: What does it mean for you? What does it mean

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Speaker 1: for the future, What does it mean for the debt? Well,

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Speaker 1: these are all questions. Peter Schiff, who accurately predicted last

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Speaker 1: financial disaster, and oh eight, these are things we're gonna

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Speaker 1: talk to him about.

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Speaker 2: Before we do that. It's time to cut costs. You

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Speaker 2: know what, and I know it.

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Speaker 1: We're all looking for ways, aren't we. Everyone's looking for ways.

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Speaker 1: Cut this cut that. I've got a way to save

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Speaker 1: some money. How about not paying for your time share anymore? No,

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Speaker 1: I'm not telling you to get delinquent on your bills.

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Speaker 1: Get out of that time share? Ah, but Jesse, I can't.

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Speaker 1: I signed the contract. Lone star transfer will get you

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Speaker 1: out of that time share. All you have to do

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Speaker 1: is make a phone call. This is a family business,

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Speaker 1: a plus rating with a Better Business Bureau.

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Speaker 2: This isn't some scam artist.

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Speaker 1: They're successful ninety nine percent of the time getting people

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Speaker 1: legally and permanently out. All you have to do is

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Speaker 1: call them eight four four three one zero two six

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Speaker 1: four six.

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Speaker 2: They can't. They can't help you.

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Speaker 1: If you don't call eight four four three one zero

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Speaker 1: two six four six, we'll be back.

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Speaker 2: Well.

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Speaker 1: Look, we talk about all these issues, right, taxes and

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Speaker 1: spending and border and abortion and all these other things.

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Speaker 1: But the truth is what most people care about right now,

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Speaker 1: what even normal people care about, is the fact that

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Speaker 1: they're poorer today. Everyone is seventeen percent inflation. That's what

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Speaker 1: we've all experienced since Joe Biden took office. We've got

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Speaker 1: inflation numbers today a little bit hotter than usual, three

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Speaker 1: point four percent. All this is basically terrible. Combine this

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Speaker 1: with the fact Washington, DC hasn't stopped printing and spending money.

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Speaker 1: In fact, I haven't even slowed down. Well that makes

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Speaker 1: me almost cringe. As I introduced Peter Shift because I

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Speaker 1: know he's probably got some horrible things to tell us.

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Speaker 1: Joining me now chief economist and global strategist strategists for

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Speaker 1: me to say at Europacific Asset Management, Okay, Peter, I

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Speaker 1: can't imagine you're gonna be all sunshine and rainbows today,

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Speaker 1: but please take it away.

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Speaker 9: Well, no, and you're absolutely correct, Americans are getting poorer

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Speaker 9: and they're going to get a lot poorer as long

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Speaker 9: as the US government continues to grow and spend their money.

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Speaker 9: But the way the government has been choosing to spend

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Speaker 9: money recently is by debt and borrowing, and in order

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Speaker 9: to finance that, the Federal Reserve has printed a lot

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Speaker 9: of money, and that is the source of the inflation.

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Speaker 9: In fact, that is the very definition of inflation. It's

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Speaker 9: an expansion of by of money, but not just money credit.

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Speaker 9: And we got some news last week that consumer credit

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Speaker 9: has exploded to an all time record as Americans continue

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Speaker 9: to borrow to buy things that they don't earn enough

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Speaker 9: money to afford, and all that means more upward pressure

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Speaker 9: on prices. DEFED has done too little, too late to

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Speaker 9: put the inflation genie back in the bottle, and the

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Speaker 9: Biden administration has done nothing. In fact, we've had very

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Speaker 9: stimulative fiscal policy. We're running nearly a trillion dollars of

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Speaker 9: debt every quarter under Biden, and that means a lot

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Speaker 9: more inflation and prices are going much higher.

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Speaker 1: Okay, Peter, help me understand what this means. Let's focus

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Speaker 1: on the consumer part, because this has been one of

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Speaker 1: those trends and I'm an idiot, but I know this

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Speaker 1: is alarming and really really bad. Consumer credit card debts

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Speaker 1: through the roof of consumer savings bottoming out. Those two

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Speaker 1: things combined are horrific, beyond belief. What does it mean

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Speaker 1: for a nation when the people itself drown in debt,

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Speaker 1: not just the government, the people themselves. What do we

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Speaker 1: do when there's a personal debt crisis?

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Speaker 9: Yeah, and you know, the people are on the hook

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Speaker 9: for the thirty four trillion dollars in government debt. I mean,

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Speaker 9: where does the government get the money to pay the

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Speaker 9: debt from the people who are already broke and have

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Speaker 9: their own debt? And in fact, Americans are a lot

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Speaker 9: broken than they think if they try to factor in

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Speaker 9: their personal share of that thirty four trillion dollar national debt.

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Speaker 9: And of course that's not all the debt. That's the

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Speaker 9: tip of a debt iceberg. It's about two hundred trillion

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Speaker 9: in total when you look at all of the unfunded

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Speaker 9: liabilities that Americans are on the hook for based on

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Speaker 9: what the federal government has obligated them to pay. Now, obviously,

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Speaker 9: because Americans are too broke to pay the debts, they're

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Speaker 9: going to be inflated away. The Federal Reserve is going

438
00:24:52,080 --> 00:24:55,959
Speaker 9: to be called on to monetize this debt, to print money,

439
00:24:56,280 --> 00:24:59,280
Speaker 9: and so rather than Americans losing their money, they're going

440
00:24:59,320 --> 00:25:01,280
Speaker 9: to lose the value value of their money. The purchasing

441
00:25:01,359 --> 00:25:04,520
Speaker 9: power of dollars is going to crash, and that means

442
00:25:04,520 --> 00:25:07,000
Speaker 9: the price of everything that you buy with dollars is

443
00:25:07,040 --> 00:25:08,280
Speaker 9: going to go way up.

444
00:25:09,240 --> 00:25:11,640
Speaker 1: Peter, can you help me understand something? And maybe this

445
00:25:11,680 --> 00:25:14,640
Speaker 1: is more of a psychological question instead of a financial one,

446
00:25:14,680 --> 00:25:16,560
Speaker 1: but the things you and I discuss here when we

447
00:25:16,600 --> 00:25:19,520
Speaker 1: talk about inflation and debt and trillion dollars on the

448
00:25:19,520 --> 00:25:21,640
Speaker 1: debt every three months and all these other things, these

449
00:25:21,680 --> 00:25:24,199
Speaker 1: are not Republican or Democrat or libertarian issues.

450
00:25:24,480 --> 00:25:25,680
Speaker 2: This is math.

451
00:25:26,200 --> 00:25:31,320
Speaker 1: The debt crisis is mathematically guaranteed no if as butts

452
00:25:31,400 --> 00:25:36,040
Speaker 1: it's coming. Yet nobody in DC, Republicans, Democrats, nobody acts

453
00:25:36,080 --> 00:25:37,520
Speaker 1: as if it is coming.

454
00:25:37,840 --> 00:25:39,359
Speaker 2: Can you explain that to me?

455
00:25:40,080 --> 00:25:42,719
Speaker 9: Well, the problem is it's been coming for a long time,

456
00:25:43,160 --> 00:25:45,760
Speaker 9: and guys like me have been warning about it for

457
00:25:45,800 --> 00:25:49,560
Speaker 9: a long time, and yet we haven't had a crisis yet.

458
00:25:49,600 --> 00:25:52,280
Speaker 9: I mean, we've had financial crisis. In fact, we had

459
00:25:52,320 --> 00:25:55,000
Speaker 9: another one in March of last year, but they were

460
00:25:55,080 --> 00:25:59,080
Speaker 9: able to sweep the problems under the rug with another

461
00:25:59,240 --> 00:26:02,639
Speaker 9: round of bailout. But because we've been able to do this,

462
00:26:02,760 --> 00:26:05,040
Speaker 9: you know, kick the can down the road for so

463
00:26:05,119 --> 00:26:09,440
Speaker 9: many years, people on Washington now, who maybe were concerned

464
00:26:09,480 --> 00:26:12,719
Speaker 9: about these issues five or ten years ago, just assume

465
00:26:12,760 --> 00:26:16,719
Speaker 9: that this can go on indefinitely because it hasn't become

466
00:26:16,760 --> 00:26:19,639
Speaker 9: a crisis yet. And I think that kind of conceit

467
00:26:20,040 --> 00:26:23,240
Speaker 9: is going to come back to bite us because we

468
00:26:23,320 --> 00:26:26,520
Speaker 9: are going to have a massive sovereign debt and currency crisis.

469
00:26:26,560 --> 00:26:29,840
Speaker 9: It's not a question of will we have one, but

470
00:26:29,960 --> 00:26:32,880
Speaker 9: a question of when we have one, And the longer

471
00:26:32,960 --> 00:26:35,640
Speaker 9: we wait for it, the worse it's going to be.

472
00:26:35,640 --> 00:26:39,240
Speaker 9: Because between now and the crisis, the problems keep getting worse.

473
00:26:39,560 --> 00:26:41,840
Speaker 9: We have more and more debt, and we have a

474
00:26:42,119 --> 00:26:47,080
Speaker 9: more dysfunctional economy that is built on that foundation, and

475
00:26:47,160 --> 00:26:50,400
Speaker 9: so when ultimately it collapses, it's going to be far

476
00:26:50,480 --> 00:26:53,919
Speaker 9: more painful for far more people because it went on

477
00:26:54,080 --> 00:26:54,800
Speaker 9: for so long.

478
00:26:56,000 --> 00:26:59,480
Speaker 1: Peter, can you explain what it looks like. You mentioned pain,

479
00:26:59,600 --> 00:27:02,280
Speaker 1: You mentioned the crisis. I talk about this as well,

480
00:27:02,600 --> 00:27:06,280
Speaker 1: But for a normal person, they don't understand how that applies.

481
00:27:06,400 --> 00:27:06,800
Speaker 2: To them.

482
00:27:06,840 --> 00:27:09,080
Speaker 1: There's a family, a bunch of them watching us right

483
00:27:09,119 --> 00:27:11,639
Speaker 1: now in their living room. What does it mean to

484
00:27:11,720 --> 00:27:13,960
Speaker 1: them that the country has a debt crisis?

485
00:27:13,960 --> 00:27:14,600
Speaker 2: What does that mean?

486
00:27:15,280 --> 00:27:17,440
Speaker 9: Well, it's going to mean a much lower standard of

487
00:27:17,520 --> 00:27:20,359
Speaker 9: living for everybody. I mean most Americans, you know, they

488
00:27:20,400 --> 00:27:22,320
Speaker 9: either go to a job, or maybe they don't have

489
00:27:22,359 --> 00:27:25,720
Speaker 9: a job, right they're retired or you know, whatever they're doing.

490
00:27:25,800 --> 00:27:28,359
Speaker 9: They're unemployed. But they buy a lot of stuff. They

491
00:27:28,400 --> 00:27:30,520
Speaker 9: go to the store, they buy all sorts of things,

492
00:27:30,960 --> 00:27:34,000
Speaker 9: but they don't actually help produce any of those things.

493
00:27:34,160 --> 00:27:37,040
Speaker 9: So where's all this stuff coming from, right, Well, it's

494
00:27:37,080 --> 00:27:41,560
Speaker 9: coming from foreign countries, buy and large, it's coming from Asia.

495
00:27:42,520 --> 00:27:46,240
Speaker 9: People are producing stuff and sending it here. And what

496
00:27:46,320 --> 00:27:49,919
Speaker 9: are we giving them in exchange? We're giving them our paper,

497
00:27:49,960 --> 00:27:53,399
Speaker 9: We're giving them the dollars that we print. But what

498
00:27:53,440 --> 00:27:55,320
Speaker 9: are they doing with them? Because you know, we're not

499
00:27:55,480 --> 00:27:58,400
Speaker 9: making stuff for them to buy? So they buy our

500
00:27:58,440 --> 00:28:01,959
Speaker 9: financial assets, they buy bonds, or maybe they buy up

501
00:28:01,960 --> 00:28:06,040
Speaker 9: some stocks or real estate here. But I think as

502
00:28:06,080 --> 00:28:09,720
Speaker 9: the dollar really starts to fall, our creditors are not

503
00:28:09,800 --> 00:28:12,639
Speaker 9: going to want to recycle their trade surpluses into our

504
00:28:12,680 --> 00:28:16,560
Speaker 9: financial assets and the dollar is going to crash, and

505
00:28:16,600 --> 00:28:19,040
Speaker 9: then all the goods that we import, which is pretty

506
00:28:19,119 --> 00:28:22,520
Speaker 9: much everything we consume, are going to be too expensive

507
00:28:22,520 --> 00:28:25,320
Speaker 9: for Americans to afford. And of course a lot of

508
00:28:25,359 --> 00:28:29,320
Speaker 9: Americans also buy stuff on credit. Well where's the credit

509
00:28:29,359 --> 00:28:33,400
Speaker 9: coming from. Where's the savings, Well, that's coming from abroad too. Well.

510
00:28:33,400 --> 00:28:36,600
Speaker 9: When foreigners don't want to make our savings available to them,

511
00:28:36,640 --> 00:28:39,560
Speaker 9: and they don't want to provide us with goods, then

512
00:28:39,600 --> 00:28:43,080
Speaker 9: our whole way of life is going to come crashing down,

513
00:28:43,520 --> 00:28:46,320
Speaker 9: and Americans are going to have to accept a much

514
00:28:46,400 --> 00:28:49,000
Speaker 9: lower standard of living where they end up working a

515
00:28:49,080 --> 00:28:51,880
Speaker 9: lot more but consuming a lot less.

516
00:28:53,200 --> 00:28:57,800
Speaker 1: Geeesh, Peter, When well, I know that's an opinion question.

517
00:28:57,920 --> 00:29:00,640
Speaker 1: But when I'll tell you the fact we're adding a

518
00:29:00,680 --> 00:29:04,320
Speaker 1: trillion every three months and knowing that that is increasing

519
00:29:04,360 --> 00:29:07,280
Speaker 1: with interest rates and whatnot, that that tells me it's

520
00:29:07,360 --> 00:29:09,520
Speaker 1: got to be soon. It may not be tomorrow, but

521
00:29:09,560 --> 00:29:11,040
Speaker 1: it's coming soon, right.

522
00:29:11,640 --> 00:29:14,800
Speaker 9: Well is Look, it's obviously coming a lot sooner than

523
00:29:14,840 --> 00:29:17,280
Speaker 9: I thought it was five or ten years ago or more,

524
00:29:17,400 --> 00:29:19,800
Speaker 9: because this is not the first time I've pointed these

525
00:29:19,800 --> 00:29:23,280
Speaker 9: problems out. It's just that now they're bigger than whenever

526
00:29:23,320 --> 00:29:25,680
Speaker 9: I pointed them out in the past. And you know,

527
00:29:25,840 --> 00:29:28,200
Speaker 9: we've seen some of the rumblings. Again, we've had some

528
00:29:28,320 --> 00:29:32,920
Speaker 9: big problems, but we haven't had the final crisis. But

529
00:29:33,400 --> 00:29:37,000
Speaker 9: again that's just a function of time. We've been able

530
00:29:37,000 --> 00:29:40,600
Speaker 9: to fool more people and go deeper into debt and

531
00:29:40,920 --> 00:29:46,240
Speaker 9: allow the underlying structural problems to get much worse. So yeah,

532
00:29:46,240 --> 00:29:48,400
Speaker 9: I mean we're literally living on borrow time.

533
00:29:48,560 --> 00:29:49,120
Speaker 10: I don't know.

534
00:29:49,200 --> 00:29:51,360
Speaker 9: I mean, every day I go to sleep, we could

535
00:29:51,440 --> 00:29:54,000
Speaker 9: wake up in a new reality because I think our

536
00:29:54,000 --> 00:29:56,640
Speaker 9: fate will be sealed in the foreign markets, because that's

537
00:29:56,680 --> 00:30:00,760
Speaker 9: really our major creditors and our major suppliers, and they're

538
00:30:00,800 --> 00:30:02,280
Speaker 9: the ones that are going to you know, pull the

539
00:30:02,360 --> 00:30:02,920
Speaker 9: rug out.

540
00:30:02,760 --> 00:30:05,680
Speaker 2: From under this. But you know, people should be prepared.

541
00:30:05,720 --> 00:30:08,320
Speaker 9: I mean I've been prepared for a long time personally

542
00:30:08,400 --> 00:30:11,680
Speaker 9: in my investment portfolio at your Pacific Asset Management, we're

543
00:30:11,680 --> 00:30:15,600
Speaker 9: building portfolios for people to protect their wealth, their purchasing

544
00:30:15,640 --> 00:30:19,160
Speaker 9: power from a dollar crisis, from a US sovereign debt crisis.

545
00:30:19,400 --> 00:30:22,280
Speaker 9: That's really all you can do. I mean, we can't

546
00:30:22,440 --> 00:30:25,160
Speaker 9: avert the crisis. There's nothing that I can do to

547
00:30:25,200 --> 00:30:28,280
Speaker 9: stop it. It's going to happen. All I can try

548
00:30:28,360 --> 00:30:32,600
Speaker 9: to do is minimize the financial damage to myself and

549
00:30:32,680 --> 00:30:35,600
Speaker 9: to my clients, and that's what I'm trying to do.

550
00:30:35,680 --> 00:30:38,840
Speaker 9: And of course, you know, if enough people prepare in

551
00:30:38,880 --> 00:30:40,960
Speaker 9: the way that I'm suggesting, that's also going to be

552
00:30:40,960 --> 00:30:44,480
Speaker 9: good for the country, because if everybody is broke, that's

553
00:30:44,480 --> 00:30:47,240
Speaker 9: an even bigger problem. If at least some people don't

554
00:30:47,240 --> 00:30:49,760
Speaker 9: go broke in America, then we have, you know, a

555
00:30:49,760 --> 00:30:52,920
Speaker 9: group of people that can help finance the rebuilding of

556
00:30:52,960 --> 00:30:55,400
Speaker 9: the country, because we're going to need to rebuild a

557
00:30:55,400 --> 00:31:00,920
Speaker 9: lot of critical manufacturing infrastructure that we've lost over the decades.

558
00:31:02,040 --> 00:31:05,560
Speaker 1: Jeez, Peter, thank you for giving us some hard truths.

559
00:31:05,680 --> 00:31:08,240
Speaker 2: More people should be doing this daily. Thank you so much.

560
00:31:08,320 --> 00:31:08,960
Speaker 2: I appreciate it.

561
00:31:09,560 --> 00:31:13,520
Speaker 1: All right, Speaking of hard truths, Iowa caucuses are Monday.

562
00:31:13,560 --> 00:31:15,840
Speaker 1: Sean Spicer is going to join us next He might

563
00:31:15,880 --> 00:31:17,920
Speaker 1: have some things you don't like to hear, might have

564
00:31:17,960 --> 00:31:19,840
Speaker 1: some things you love to hear, but either way, we're.

565
00:31:19,760 --> 00:31:21,520
Speaker 2: Going to talk to him about it before we do that.

566
00:31:21,560 --> 00:31:24,560
Speaker 1: Did you know that we have a history special this

567
00:31:24,640 --> 00:31:29,520
Speaker 1: week on Francisco Franco, the Spanish dictator, the man who

568
00:31:29,560 --> 00:31:34,800
Speaker 1: won the Civil War great Gun, Bad Gun, somewhere in between.

569
00:31:35,720 --> 00:31:39,080
Speaker 1: Go to the first TV dot com slash history and

570
00:31:39,200 --> 00:31:39,640
Speaker 1: check it out.

571
00:31:39,680 --> 00:31:41,160
Speaker 2: All right, we'll be back.

572
00:31:50,000 --> 00:31:54,360
Speaker 1: Okay, primary is now officially here, well kind of officially.

573
00:31:54,400 --> 00:31:56,280
Speaker 2: I don't know whether does it start Monday? Whatever?

574
00:31:56,440 --> 00:31:59,640
Speaker 1: Iowa caucuses are Monday. Let's talk to Sean about that.

575
00:31:59,680 --> 00:32:01,440
Speaker 1: He knows way more about this than me and well

576
00:32:01,480 --> 00:32:05,280
Speaker 1: pretty much everybody. Sean Spicer of the amazing Sean Spicer Show,

577
00:32:05,320 --> 00:32:08,360
Speaker 1: which you should be watching every night seven pm. Right

578
00:32:08,400 --> 00:32:12,280
Speaker 1: here on the first TV Okay, Sean, Iowa caucuses are here.

579
00:32:12,640 --> 00:32:16,600
Speaker 1: Iowa caucuses are a very very different bird for people

580
00:32:16,600 --> 00:32:19,680
Speaker 1: who are not in Iowa and don't understand how does

581
00:32:19,720 --> 00:32:20,080
Speaker 1: this work?

582
00:32:20,120 --> 00:32:20,360
Speaker 2: Sean?

583
00:32:20,400 --> 00:32:22,520
Speaker 1: If people just go up and punch a little ticket

584
00:32:22,560 --> 00:32:25,040
Speaker 1: and go vote in the primary on Monday, is that

585
00:32:25,080 --> 00:32:25,920
Speaker 1: what the causes are?

586
00:32:26,880 --> 00:32:27,520
Speaker 10: Well, good to see.

587
00:32:27,680 --> 00:32:30,400
Speaker 12: A it's a little colder than it is for a

588
00:32:30,440 --> 00:32:32,720
Speaker 12: lot of us in Iowa. They're saying it's gonna be

589
00:32:32,720 --> 00:32:36,960
Speaker 12: like minus four, but for Iowa that's like a warm day,

590
00:32:36,960 --> 00:32:42,240
Speaker 12: I think. So. Look, the Republicans a different caucus, a

591
00:32:42,280 --> 00:32:45,200
Speaker 12: little different But to your point, it's not a primary.

592
00:32:45,200 --> 00:32:46,480
Speaker 10: You can't cast your baland early.

593
00:32:46,560 --> 00:32:49,560
Speaker 12: You go to specific time at seven o'clock on Monday,

594
00:32:49,560 --> 00:32:51,480
Speaker 12: which will be a federal holiday in Iowa. It's a

595
00:32:51,480 --> 00:32:53,680
Speaker 12: little odd to be voting on a Monday for most people,

596
00:32:54,000 --> 00:32:56,280
Speaker 12: but they'll go and then they make their preference known

597
00:32:56,280 --> 00:32:58,800
Speaker 12: and they can leave. It takes a little bit more time,

598
00:32:59,000 --> 00:33:02,600
Speaker 12: and it's it's a little bit more appointment than it

599
00:33:02,680 --> 00:33:05,400
Speaker 12: is just a on a normal primary day. Stay in

600
00:33:05,400 --> 00:33:07,800
Speaker 12: New Hampshire, South Carolina, where you can catch your ballot,

601
00:33:08,120 --> 00:33:09,880
Speaker 12: you know, from like six or seven in the morning

602
00:33:09,920 --> 00:33:11,120
Speaker 12: till six or seven at night.

603
00:33:11,200 --> 00:33:12,160
Speaker 10: You walk in and walk out.

604
00:33:12,440 --> 00:33:14,880
Speaker 12: This takes a little bit more coordination, which is why

605
00:33:15,600 --> 00:33:18,080
Speaker 12: for not just the Trump campaign, but for the DeSantis

606
00:33:18,120 --> 00:33:21,400
Speaker 12: campaign in particular, it's a real test of organization.

607
00:33:21,560 --> 00:33:22,680
Speaker 10: Not just can you get someone.

608
00:33:22,440 --> 00:33:24,600
Speaker 12: To say they're going to support you or to answer

609
00:33:24,640 --> 00:33:26,560
Speaker 12: yes and a poll, but they've got to be willing

610
00:33:26,560 --> 00:33:29,720
Speaker 12: to go, you know, drive to that VFW, the community center,

611
00:33:29,840 --> 00:33:32,720
Speaker 12: the government hall at seven o'clock Monday night and make

612
00:33:32,720 --> 00:33:33,640
Speaker 12: their preference known.

613
00:33:35,120 --> 00:33:39,000
Speaker 1: Okay, well let's talk about that then. Sean, every candidate,

614
00:33:39,080 --> 00:33:41,560
Speaker 1: no matter who they are, even Joe Biden, every candidate

615
00:33:41,640 --> 00:33:45,120
Speaker 1: has a certain percentage of their supporters who will crawl

616
00:33:45,200 --> 00:33:47,960
Speaker 1: naked across the mile of broken glass to vote for them.

617
00:33:48,000 --> 00:33:51,000
Speaker 1: And every candidate has some wishy washy supporters. That's just

618
00:33:51,040 --> 00:33:54,880
Speaker 1: the nature of politics. I know Trump has a hardcore base.

619
00:33:55,600 --> 00:33:57,200
Speaker 1: Does the Santus.

620
00:33:58,600 --> 00:34:01,800
Speaker 12: That's a great question. I don't know that he's got

621
00:34:01,840 --> 00:34:03,880
Speaker 12: a hard core. He definitely doesn't have the base like

622
00:34:03,920 --> 00:34:04,520
Speaker 12: Trump does.

623
00:34:05,200 --> 00:34:08,520
Speaker 10: But the question, so that's a great question.

624
00:34:09,120 --> 00:34:12,279
Speaker 12: With respect to the Iowa caucus, The question I think

625
00:34:12,400 --> 00:34:16,000
Speaker 12: is more, What is more Germaine is have they identified

626
00:34:16,800 --> 00:34:21,120
Speaker 12: forty to sixty thousand people that are willing to show

627
00:34:21,200 --> 00:34:23,520
Speaker 12: up for him at seven o'clock. Now, the thing that's

628
00:34:23,560 --> 00:34:26,400
Speaker 12: important to understand that is so different, not just about

629
00:34:26,480 --> 00:34:30,000
Speaker 12: Iowa but about DeSantis and what's going to happen on Monday,

630
00:34:31,000 --> 00:34:35,040
Speaker 12: is that the campaign normally runs the ground game, identifying

631
00:34:35,040 --> 00:34:37,920
Speaker 12: the key voters, following up with them, chasing them, making

632
00:34:37,960 --> 00:34:40,800
Speaker 12: sure that do you have a ride, are you definitely

633
00:34:40,800 --> 00:34:42,200
Speaker 12: going to show up, do you have a plan, and

634
00:34:42,239 --> 00:34:45,600
Speaker 12: blah blah blah blah. In the case of DeSantis, they

635
00:34:45,640 --> 00:34:48,880
Speaker 12: outsourced this to the super pac never back down because

636
00:34:48,880 --> 00:34:53,560
Speaker 12: they were able to transfer upwards of eighty million dollars

637
00:34:54,040 --> 00:34:59,400
Speaker 12: from a state campaign that it doesn't abide by federal limits,

638
00:35:00,080 --> 00:35:01,600
Speaker 12: so it's a bit wonky to understand.

639
00:35:01,600 --> 00:35:02,120
Speaker 11: But there was a.

640
00:35:02,120 --> 00:35:04,279
Speaker 12: Reason they did it. It was the only way that

641
00:35:04,440 --> 00:35:07,280
Speaker 12: legally they could transfer eighty million dollars that the governor

642
00:35:07,320 --> 00:35:10,160
Speaker 12: had in this state account in Florida and be able

643
00:35:10,200 --> 00:35:10,719
Speaker 12: to use it.

644
00:35:10,760 --> 00:35:11,839
Speaker 2: So they transferred all over.

645
00:35:11,880 --> 00:35:14,640
Speaker 12: Now, what will you do when you do that is

646
00:35:14,800 --> 00:35:17,520
Speaker 12: you give it to your pack, your super pack, and

647
00:35:17,560 --> 00:35:19,759
Speaker 12: say here's what we want you to do. But you

648
00:35:19,800 --> 00:35:22,920
Speaker 12: can't coordinate any of that. So you're hoping that they

649
00:35:23,000 --> 00:35:25,440
Speaker 12: know what they're doing and they do it well. So

650
00:35:25,520 --> 00:35:27,799
Speaker 12: you But the reason I bring this all up, Jesse,

651
00:35:27,920 --> 00:35:30,760
Speaker 12: I mean, they've probably put fifty million dollars on the ground.

652
00:35:30,760 --> 00:35:33,080
Speaker 12: You could have bought everyone in Iowa a John Deere

653
00:35:33,280 --> 00:35:36,040
Speaker 12: or a fid F one fifty for what they're spending.

654
00:35:36,560 --> 00:35:38,719
Speaker 10: And that's why I say all that to.

655
00:35:38,640 --> 00:35:43,600
Speaker 12: Answer your question, because in President Trump's case, it's real.

656
00:35:44,080 --> 00:35:46,680
Speaker 10: These are people who will you know, to your example.

657
00:35:46,280 --> 00:35:49,080
Speaker 12: Who will crawl through a bed of nails on fire

658
00:35:49,680 --> 00:35:53,520
Speaker 12: to get there. In Dessantus's case, it has been methodical.

659
00:35:53,600 --> 00:35:54,600
Speaker 10: It's data driven.

660
00:35:54,680 --> 00:35:58,480
Speaker 12: It's just identifying X person who lives in cedar rapids

661
00:35:58,480 --> 00:36:00,319
Speaker 12: and saying, Okay, we know that they say they're going

662
00:36:00,360 --> 00:36:03,440
Speaker 12: to do show up. Now, let's track them, let's follow them,

663
00:36:03,480 --> 00:36:05,440
Speaker 12: let's persuade them, let's get them to get out there

664
00:36:05,440 --> 00:36:09,200
Speaker 12: and go. It's two different models, and we're going to

665
00:36:09,239 --> 00:36:11,160
Speaker 12: find out who wins. But if you can get sixty

666
00:36:11,200 --> 00:36:14,360
Speaker 12: five sixty I mean sixty is sixty five thousand people

667
00:36:14,680 --> 00:36:17,479
Speaker 12: to show up, they expect the universe to be about

668
00:36:17,480 --> 00:36:19,880
Speaker 12: two hundred thousand. It had been in the one eighties

669
00:36:19,920 --> 00:36:24,960
Speaker 12: before you win. Now, so this is going to be

670
00:36:25,000 --> 00:36:27,840
Speaker 12: a really interesting as far as I'm concerned, because the

671
00:36:28,280 --> 00:36:32,799
Speaker 12: big question Monday night is did Trump win by more

672
00:36:32,840 --> 00:36:35,400
Speaker 12: than twenty points? No one in the history of the

673
00:36:35,440 --> 00:36:39,640
Speaker 12: caucuses ever had fifty percent, no one, and no one's

674
00:36:39,640 --> 00:36:42,399
Speaker 12: had the lead that Trump's have. If the lead comes

675
00:36:42,440 --> 00:36:45,680
Speaker 12: down to ten ten ish points, I think the mainstream

676
00:36:45,680 --> 00:36:47,560
Speaker 12: media is going to say that Trump lost a lot

677
00:36:47,560 --> 00:36:50,960
Speaker 12: of support. If he blows this thing out fifteen twenty points,

678
00:36:51,600 --> 00:36:54,719
Speaker 12: DeSantis is done. It's good night. I hope you like

679
00:36:54,760 --> 00:36:57,799
Speaker 12: hanging out in Iowa. You've got some plans for the

680
00:36:57,840 --> 00:37:01,960
Speaker 12: weekend because you're done. He cannot DeSantis after blowing that

681
00:37:02,040 --> 00:37:05,280
Speaker 12: kind of cash and going all in in Iowa. Can't

682
00:37:05,320 --> 00:37:07,760
Speaker 12: say that I got my butt kicked by twenty points

683
00:37:08,040 --> 00:37:09,200
Speaker 12: and I'm going to play on.

684
00:37:10,760 --> 00:37:15,960
Speaker 1: Okay, it sounds like you're anticipating a Trump win no

685
00:37:16,000 --> 00:37:16,400
Speaker 1: matter what.

686
00:37:16,600 --> 00:37:18,239
Speaker 2: So you're not anticipate.

687
00:37:17,760 --> 00:37:20,840
Speaker 1: Because I can hear all the DeSantis fans groaning right now.

688
00:37:21,040 --> 00:37:25,440
Speaker 1: Doesn't seem like you think he has a chance. Well, no, okay,

689
00:37:25,480 --> 00:37:26,759
Speaker 1: So here's what I'll tell you.

690
00:37:27,280 --> 00:37:30,160
Speaker 12: I believe that based on everything that I've seen, Trump

691
00:37:30,200 --> 00:37:33,440
Speaker 12: is going to win by plus twenty. They have an

692
00:37:33,560 --> 00:37:36,319
Speaker 12: unbelievable I was there in twenty fifteen, I've been out

693
00:37:36,320 --> 00:37:37,279
Speaker 12: to Iowa in the.

694
00:37:37,320 --> 00:37:38,080
Speaker 10: Last few months.

695
00:37:38,800 --> 00:37:42,400
Speaker 12: Everybody will tell you that his effort on the ground

696
00:37:42,560 --> 00:37:45,480
Speaker 12: is much more data driven. It is much more focused,

697
00:37:45,520 --> 00:37:48,439
Speaker 12: it is much more professional. Now DeSantis has a great

698
00:37:48,440 --> 00:37:50,440
Speaker 12: team as well. I'm not gonna. I'm not gonna, but

699
00:37:51,080 --> 00:37:53,319
Speaker 12: there's nothing that I've seen in the public polling. And

700
00:37:53,360 --> 00:37:55,800
Speaker 12: as much as I have major problems with public polling,

701
00:37:56,239 --> 00:37:58,520
Speaker 12: but I will tell you that it's good for trends.

702
00:37:58,800 --> 00:38:01,320
Speaker 12: It doesn't tell you necessarily who, but and there's nothing

703
00:38:01,400 --> 00:38:05,480
Speaker 12: trend wise that suggests that DeSantis is on the ascent. Therefore,

704
00:38:06,320 --> 00:38:08,759
Speaker 12: I will tell you this, if Trump wins by more

705
00:38:08,800 --> 00:38:11,520
Speaker 12: than twenty or more, it's over. You cannot I talked

706
00:38:11,520 --> 00:38:14,200
Speaker 12: to Ron DeSantis right after the Alabama debate down there,

707
00:38:14,680 --> 00:38:17,320
Speaker 12: and I asked him, are you still all in in Iowa?

708
00:38:17,320 --> 00:38:20,520
Speaker 12: And he said, absolutely, We're gonna win it. So how

709
00:38:20,560 --> 00:38:23,319
Speaker 12: do you claim that you're going to win? How do

710
00:38:23,400 --> 00:38:26,319
Speaker 12: you spend tens of millions of dollars and then get

711
00:38:26,360 --> 00:38:28,400
Speaker 12: your butt kicked by twenty points and claim that you

712
00:38:28,640 --> 00:38:32,520
Speaker 12: still should go on? Now to your point about your viewers,

713
00:38:32,560 --> 00:38:36,080
Speaker 12: if a bunch of DeSantis folks on Monday night say, hey,

714
00:38:36,120 --> 00:38:39,440
Speaker 12: he only lost by eight points, I would say that

715
00:38:39,440 --> 00:38:43,240
Speaker 12: that's a pretty good loss. Eight points right now gives

716
00:38:43,239 --> 00:38:45,920
Speaker 12: you the ability to fight another day. Now, the problem

717
00:38:45,960 --> 00:38:48,520
Speaker 12: for Dessant is just to fast forward this. He's put

718
00:38:48,560 --> 00:38:50,040
Speaker 12: all of his chips in an Iowa. So how do

719
00:38:50,120 --> 00:38:53,319
Speaker 12: you go on to New Hampshire where Nicki Haley is

720
00:38:53,360 --> 00:38:57,760
Speaker 12: definitely on the ascent there? So DeSantis has a problem

721
00:38:57,760 --> 00:39:01,280
Speaker 12: because right now, even if he does okay in Iowa,

722
00:39:01,600 --> 00:39:03,680
Speaker 12: I don't know his path forward.

723
00:39:03,880 --> 00:39:07,800
Speaker 1: Okay, why is New Hampshire so different than Iowa Sean

724
00:39:07,840 --> 00:39:10,200
Speaker 1: at least at least according to public polling. However, you

725
00:39:10,239 --> 00:39:13,440
Speaker 1: want to look at it. Why is it so different

726
00:39:13,480 --> 00:39:15,719
Speaker 1: polling wise? Who would like Nikki Haney? Why do they

727
00:39:15,760 --> 00:39:16,120
Speaker 1: like her there?

728
00:39:16,200 --> 00:39:16,880
Speaker 2: Now? She sucks?

729
00:39:17,960 --> 00:39:22,120
Speaker 12: God here on a roll? Great second question, The reason

730
00:39:22,200 --> 00:39:28,840
Speaker 12: is twofold. Number one, New Hampshire allows independence to vote

731
00:39:28,840 --> 00:39:31,440
Speaker 12: in its primaries. Right, That's always been the case, and

732
00:39:31,480 --> 00:39:34,279
Speaker 12: you've always had about a third of the electorate in

733
00:39:34,840 --> 00:39:38,719
Speaker 12: New Hampshire that ultimately votes in their primary be independence.

734
00:39:39,040 --> 00:39:44,399
Speaker 12: So number one, they are targeting and expect more independence

735
00:39:44,400 --> 00:39:46,720
Speaker 12: this year than in the past. Okay, so that's number one.

736
00:39:47,160 --> 00:39:52,640
Speaker 12: Number two and this is historic. There's no Democratic primary

737
00:39:52,719 --> 00:39:57,160
Speaker 12: to speak of. Joe Biden is not competing in New Hampshire.

738
00:39:57,320 --> 00:40:01,120
Speaker 12: He's taking his name off the ballot, has told them

739
00:40:01,120 --> 00:40:04,000
Speaker 12: that none of their delegates will count. So if you're

740
00:40:04,040 --> 00:40:08,200
Speaker 12: a Democrat in New Hampshire, you have an incentive and

741
00:40:08,280 --> 00:40:11,000
Speaker 12: I'm talking think about this two three thousand people. We're

742
00:40:11,000 --> 00:40:14,279
Speaker 12: not talking about one hundred thousand people. If two or

743
00:40:14,280 --> 00:40:17,719
Speaker 12: three or four thousand Democrats crossover and vote in the

744
00:40:17,800 --> 00:40:20,799
Speaker 12: Republican primary to vote for Nikki Helly, that will make

745
00:40:20,920 --> 00:40:24,400
Speaker 12: a big difference. And So for those two reasons, New

746
00:40:24,400 --> 00:40:27,839
Speaker 12: Hampshire is unique. It's not a closed primary. You're not

747
00:40:28,000 --> 00:40:31,480
Speaker 12: just getting Republicans that are talking about the deciding who

748
00:40:31,520 --> 00:40:34,200
Speaker 12: the winner is who will get their delegates. That's why

749
00:40:34,320 --> 00:40:37,560
Speaker 12: New Hampshire's unique, and I think, as I said, historically

750
00:40:37,640 --> 00:40:40,480
Speaker 12: unique this year because you don't have a contest on

751
00:40:40,520 --> 00:40:43,160
Speaker 12: the other side to speak of. And if I were

752
00:40:43,200 --> 00:40:47,840
Speaker 12: a New Hampshire Democrat, why not just go vote and

753
00:40:47,880 --> 00:40:49,160
Speaker 12: screw it the Republicans?

754
00:40:50,280 --> 00:40:53,360
Speaker 1: Okay, final question on this Sean. We all talk about

755
00:40:53,360 --> 00:40:58,440
Speaker 1: Iowa New Hampshire. Understandably because they're first Super Tuesday's something

756
00:40:58,520 --> 00:41:01,360
Speaker 1: political nerds like you and me will understand, but a

757
00:41:01,360 --> 00:41:03,920
Speaker 1: lot of people they kind of look, again, it does

758
00:41:03,920 --> 00:41:05,920
Speaker 1: get confusing. You know about your own state's primary, you

759
00:41:05,960 --> 00:41:08,360
Speaker 1: don't know what what happens after New Hampshire.

760
00:41:09,880 --> 00:41:10,800
Speaker 2: So again here's.

761
00:41:10,600 --> 00:41:13,640
Speaker 12: Where there's what traditionally happens after New Hampshire and what

762
00:41:13,680 --> 00:41:18,040
Speaker 12: will happen this year. So you go New Hampshire, Nevada.

763
00:41:18,080 --> 00:41:20,080
Speaker 12: It's a well, it's actually a you want to talk

764
00:41:20,080 --> 00:41:23,040
Speaker 12: about a political nerd issue. They've got both a primary

765
00:41:23,080 --> 00:41:27,560
Speaker 12: and a caucus this year where there there's a primary

766
00:41:27,640 --> 00:41:30,239
Speaker 12: that doesn't award delegates and then a caucus that does

767
00:41:30,320 --> 00:41:31,080
Speaker 12: award delegates.

768
00:41:31,160 --> 00:41:33,400
Speaker 10: So we'll skip that for a second.

769
00:41:33,440 --> 00:41:35,319
Speaker 12: Then you go on to South Carolina and then to

770
00:41:35,360 --> 00:41:37,880
Speaker 12: your point, Super Tuesday, where you've got multiple states in

771
00:41:37,920 --> 00:41:41,160
Speaker 12: the same day. Why traditionally that matters is because you

772
00:41:41,280 --> 00:41:45,480
Speaker 12: go from a bunch of smaller states New Hampshire, so Iowa,

773
00:41:45,520 --> 00:41:48,120
Speaker 12: New Hampshire, Nevada, South Carolina, where you can run a

774
00:41:48,280 --> 00:41:51,440
Speaker 12: very you know, focused campaign. You can do the ninety

775
00:41:51,520 --> 00:41:54,319
Speaker 12: nine counties in Iowa, you can go to one end

776
00:41:54,360 --> 00:41:57,319
Speaker 12: of New Hampshire to another. But once you get to

777
00:41:57,320 --> 00:41:59,400
Speaker 12: Super Tuesday, you've got to now prove that you can

778
00:41:59,480 --> 00:42:02,000
Speaker 12: run a nation campaign. You've got to go from one

779
00:42:02,080 --> 00:42:06,279
Speaker 12: end of America to the other end. And so traditionally

780
00:42:06,360 --> 00:42:09,200
Speaker 12: that's when you find out, whether you're on the JV

781
00:42:09,400 --> 00:42:12,279
Speaker 12: or the varsity, you literally have to go, can we

782
00:42:12,480 --> 00:42:18,719
Speaker 12: actually run a national campaign? This Super Tuesday will exponentially

783
00:42:18,760 --> 00:42:23,680
Speaker 12: benefit Donald Trump and if he can win. Now, why

784
00:42:23,719 --> 00:42:26,160
Speaker 12: I say this is historic is because the scenario that

785
00:42:26,200 --> 00:42:28,880
Speaker 12: I laid out is this Desantus doesn't get close in Iowa,

786
00:42:29,080 --> 00:42:32,520
Speaker 12: he's done. You cannot go forward. It just won't happen.

787
00:42:32,560 --> 00:42:35,160
Speaker 12: He will fall out the next day, if not two

788
00:42:35,200 --> 00:42:39,800
Speaker 12: days later. Nikki Haley will fall out in New Hampshire

789
00:42:39,840 --> 00:42:43,160
Speaker 12: if she doesn't finish a close second. If she does

790
00:42:43,200 --> 00:42:45,759
Speaker 12: not finish a close second or win New Hampshire, she

791
00:42:46,040 --> 00:42:48,640
Speaker 12: is a hard time claiming that she should go on

792
00:42:48,800 --> 00:42:51,680
Speaker 12: after everything that she's been there. She's got the backing

793
00:42:51,760 --> 00:42:55,359
Speaker 12: of Americans for Prosperity, the Coke backed organization, she's got

794
00:42:55,400 --> 00:42:59,200
Speaker 12: the Governor John JOHNSONUNHU backing her.

795
00:43:00,600 --> 00:43:01,600
Speaker 13: So if she.

796
00:43:01,719 --> 00:43:04,400
Speaker 12: Doesn't do well there, I don't see how she goes on.

797
00:43:04,960 --> 00:43:07,480
Speaker 12: She'll have a hard time making it two weeks later

798
00:43:07,560 --> 00:43:10,560
Speaker 12: to South Carolina. And even if she gots to South Carolina,

799
00:43:10,600 --> 00:43:11,200
Speaker 12: and here's to.

800
00:43:11,239 --> 00:43:13,320
Speaker 10: Your put a point into your Super Tuesday note.

801
00:43:14,200 --> 00:43:16,800
Speaker 12: If you're the former two term governor of South Carolina

802
00:43:16,880 --> 00:43:20,480
Speaker 12: and you don't win your home state, which by all

803
00:43:20,600 --> 00:43:25,080
Speaker 12: polling right now shows she's getting, she's not closed. How

804
00:43:25,120 --> 00:43:26,799
Speaker 12: do you make the case that the people who know

805
00:43:26,880 --> 00:43:28,720
Speaker 12: me best don't want me but you should.

806
00:43:29,800 --> 00:43:31,759
Speaker 2: Yeah, that's basically impossible.

807
00:43:31,840 --> 00:43:35,160
Speaker 1: You want more of this stuff, Go download, Go subscribe

808
00:43:35,200 --> 00:43:40,600
Speaker 1: to Sean's podcast, Apple, Spotify, YouTube Rumble. Obviously it's good

809
00:43:40,800 --> 00:43:42,880
Speaker 1: as smart as stuff as you can find anywhere. Sean,

810
00:43:42,920 --> 00:43:45,920
Speaker 1: you are the man. I appreciate you, brother, all Right,

811
00:43:46,160 --> 00:43:57,640
Speaker 1: we have light in the mood. Next, all right, it's

812
00:43:57,680 --> 00:44:00,120
Speaker 1: time to lighten the mood. And you know what makes

813
00:44:00,120 --> 00:44:03,560
Speaker 1: me smile. You know what warms my heart and fills

814
00:44:03,560 --> 00:44:07,799
Speaker 1: me with joy. People hurting themselves like I'm sorry. I

815
00:44:07,800 --> 00:44:10,520
Speaker 1: know I'm a bad person. It's always made me laugh.

816
00:44:10,880 --> 00:44:14,120
Speaker 1: And you're a liar if you say this doesn't make

817
00:44:14,120 --> 00:44:14,520
Speaker 1: you laugh.

818
00:44:16,160 --> 00:44:57,919
Speaker 13: Guys say Colorado.

819
00:44:45,160 --> 00:44:45,839
Speaker 2: Delia.

820
00:44:46,640 --> 00:45:02,839
Speaker 8: Watch polling and I can't get out.

821
00:45:14,160 --> 00:45:16,239
Speaker 2: It was the chick in the liquor store that did it.

822
00:45:16,280 --> 00:45:19,880
Speaker 2: To be the poor ladder. It just couldn't hang on anymore.

823
00:45:20,480 --> 00:45:21,160
Speaker 2: A suitable