1
00:00:00,000 --> 00:00:01,480
Speaker 1: Give us the contours of the deal.

2
00:00:04,120 --> 00:00:06,680
Speaker 2: Right, Okay, let's just just get jumped right into what

3
00:00:06,880 --> 00:00:09,040
Speaker 2: President Trump is saying that they actually did agree upon.

4
00:00:09,119 --> 00:00:12,120
Speaker 2: He said, number one, that there was an agreement on

5
00:00:12,640 --> 00:00:17,240
Speaker 2: China that would be repurchasing soybeans that they had effectively

6
00:00:17,400 --> 00:00:19,360
Speaker 2: stopped purchasing over the course of the summer because of

7
00:00:19,400 --> 00:00:21,720
Speaker 2: the sky high tariffs that were placed on the United

8
00:00:21,800 --> 00:00:23,520
Speaker 2: States at one point up to one hundred and forty

9
00:00:23,560 --> 00:00:27,200
Speaker 2: five percent. President Trump says that he agreed to drop

10
00:00:27,240 --> 00:00:30,720
Speaker 2: the current tariff rate by ten percent because China committed

11
00:00:31,000 --> 00:00:35,199
Speaker 2: to addressing the illegal fentanyl trafficking issue. And at the

12
00:00:35,200 --> 00:00:37,600
Speaker 2: same time, when you drop it by just ten percent,

13
00:00:37,960 --> 00:00:40,360
Speaker 2: President Trump says that he is still slapping a forty

14
00:00:40,400 --> 00:00:42,960
Speaker 2: seven percent tariff on all Chinese goods coming into the

15
00:00:43,080 --> 00:00:47,080
Speaker 2: United States. He did also suggest that China would make

16
00:00:47,760 --> 00:00:50,879
Speaker 2: openings for rare earth minerals to be exported to the

17
00:00:51,000 --> 00:00:53,960
Speaker 2: United States. We don't have details on exactly which rare

18
00:00:54,000 --> 00:00:56,040
Speaker 2: earth minerals those are. We know that was a key

19
00:00:56,400 --> 00:00:59,520
Speaker 2: sticking point. We also know that the President of the

20
00:00:59,560 --> 00:01:02,960
Speaker 2: United States it suggested that as part of this exchange,

21
00:01:03,000 --> 00:01:08,560
Speaker 2: that he would allow for the exporting of US produced

22
00:01:08,560 --> 00:01:12,760
Speaker 2: semiconductors and chips and even allow Nvidia to engage directly

23
00:01:12,800 --> 00:01:16,080
Speaker 2: with the Chinese government. And so what was not discussed

24
00:01:16,120 --> 00:01:18,679
Speaker 2: well number one Taiwan, there was no word on the

25
00:01:18,720 --> 00:01:21,400
Speaker 2: finalization of a TikTok deal. I am told that that

26
00:01:21,440 --> 00:01:23,080
Speaker 2: did not come up over the course of the two

27
00:01:23,120 --> 00:01:25,880
Speaker 2: hours of this meeting. But also when we talk about

28
00:01:25,880 --> 00:01:29,800
Speaker 2: the buying of soybeans, for example, and the agricultural goods

29
00:01:29,840 --> 00:01:33,360
Speaker 2: that the Trump administration is saying China committed to buying,

30
00:01:33,600 --> 00:01:35,400
Speaker 2: I want to be very clear, and I think we've

31
00:01:35,400 --> 00:01:37,320
Speaker 2: got a graphic where you can look at last ten

32
00:01:37,400 --> 00:01:41,520
Speaker 2: years about the amount of soybeans that China has bought

33
00:01:41,760 --> 00:01:44,200
Speaker 2: from the United States, and you look at last year

34
00:01:44,240 --> 00:01:46,880
Speaker 2: and in twenty twenty three it was twenty six point

35
00:01:46,920 --> 00:01:51,560
Speaker 2: eight and twenty six point four million metric tons. To

36
00:01:51,600 --> 00:01:54,320
Speaker 2: put that in context, Scott Bessont this morning said that

37
00:01:54,520 --> 00:01:57,880
Speaker 2: China agreed to at a minimum purchase over the next

38
00:01:58,000 --> 00:02:00,840
Speaker 2: three years, each of the next three years twenty five

39
00:02:01,080 --> 00:02:04,480
Speaker 2: million metric tons. So the commitment that the President got

40
00:02:04,520 --> 00:02:08,400
Speaker 2: on swythe purchases would be less than the amounts that

41
00:02:08,440 --> 00:02:09,760
Speaker 2: they had bought in previous years.

42
00:02:09,960 --> 00:02:12,560
Speaker 1: The President went over there with the intention of bringing

43
00:02:12,600 --> 00:02:14,080
Speaker 1: something back. Is this enough?

44
00:02:16,000 --> 00:02:17,840
Speaker 3: Well, it's a great question, actually. I mean, look, it's

45
00:02:17,840 --> 00:02:21,560
Speaker 3: the old diplomatic strategy, right, take what you get to Claire,

46
00:02:21,639 --> 00:02:24,400
Speaker 3: victory and go home. Whether it is a victory or not,

47
00:02:24,560 --> 00:02:26,400
Speaker 3: beyond being able to say you've got one is the

48
00:02:26,440 --> 00:02:29,480
Speaker 3: bigger question. At this point, it looks like it's relatively modest.

49
00:02:30,200 --> 00:02:34,519
Speaker 3: It's obviously closer than they had been prior to the meeting,

50
00:02:34,560 --> 00:02:39,480
Speaker 3: but not solving the bigger, more sustain more difficult issues

51
00:02:39,520 --> 00:02:42,880
Speaker 3: that divide the United States and China. I've struck when

52
00:02:42,880 --> 00:02:44,800
Speaker 3: the President said that he gave this a twelve on

53
00:02:44,840 --> 00:02:46,800
Speaker 3: a scale of ten for being a great meeting, and

54
00:02:46,800 --> 00:02:48,560
Speaker 3: that they made a lot of progress and we're very

55
00:02:48,560 --> 00:02:51,840
Speaker 3: close on some important things. That's almost word for word

56
00:02:51,880 --> 00:02:53,560
Speaker 3: the things he said when he met in Alaska with

57
00:02:53,639 --> 00:02:55,480
Speaker 3: Vladimir Putin. I was there in the room for that.

58
00:02:55,520 --> 00:02:57,320
Speaker 3: He said it was a ten out of ten, not twelve,

59
00:02:57,480 --> 00:02:58,560
Speaker 3: but it was a ten out of ten, and they

60
00:02:58,600 --> 00:03:00,200
Speaker 3: made a lot of progress, and we're very close on

61
00:03:00,240 --> 00:03:01,960
Speaker 3: some really important things. And of course we all know

62
00:03:02,040 --> 00:03:04,720
Speaker 3: what happened after in Alaska, which is nothing. So you know,

63
00:03:04,919 --> 00:03:10,000
Speaker 3: you've got to be careful about over evaluating how much

64
00:03:10,040 --> 00:03:12,120
Speaker 3: this will be worth it. If it means though that

65
00:03:12,120 --> 00:03:14,240
Speaker 3: there is sort of a kind of a truce in

66
00:03:14,280 --> 00:03:16,840
Speaker 3: a way that there is a less hostile relationship for

67
00:03:16,880 --> 00:03:18,600
Speaker 3: the now and if the President is going to go

68
00:03:18,639 --> 00:03:20,040
Speaker 3: to China, as he said now he's going to do

69
00:03:20,120 --> 00:03:22,680
Speaker 3: next April, and then of course President she would then

70
00:03:22,760 --> 00:03:26,160
Speaker 3: visit the United States, that at least creates a pathway

71
00:03:26,200 --> 00:03:30,320
Speaker 3: toward a more constructive exchanges at least rather than the

72
00:03:30,400 --> 00:03:34,760
Speaker 3: sort of volatile and often hostile things we've been seeing

73
00:03:34,960 --> 00:03:36,920
Speaker 3: in the last nine or ten months. At the same time,

74
00:03:36,960 --> 00:03:41,160
Speaker 3: announcing the nuclear weapons testing and the resumption of that,

75
00:03:41,280 --> 00:03:45,520
Speaker 3: what message is that sending well, that looks aimed at Russia,

76
00:03:45,600 --> 00:03:48,280
Speaker 3: But of course China has very strong concerns about this.

77
00:03:48,440 --> 00:03:50,680
Speaker 4: Right, China has been a growing nuclear power.

78
00:03:50,720 --> 00:03:53,240
Speaker 3: They have been increasing their nuclear arsenal after many years

79
00:03:53,240 --> 00:03:56,200
Speaker 3: of not doing that, to the point that the Pentagon

80
00:03:56,240 --> 00:03:58,840
Speaker 3: says that they're going to be much closer to the

81
00:03:58,880 --> 00:04:01,680
Speaker 3: size of the American in Russian arsenal's within.

82
00:04:01,480 --> 00:04:04,240
Speaker 4: The next decade. But Russia, i.

83
00:04:04,160 --> 00:04:07,480
Speaker 3: Think was what, sorry what Trump was focused on, because

84
00:04:07,640 --> 00:04:11,840
Speaker 3: Putin recently announced that they had tested a nuclear driven missile,

85
00:04:11,880 --> 00:04:15,560
Speaker 3: not a nuclear warhead, not a nuclear explosion. And so

86
00:04:15,560 --> 00:04:17,760
Speaker 3: it's not entirely clear what Trump was talking about here.

87
00:04:17,760 --> 00:04:19,719
Speaker 3: If he's actually talking about a nuclear test, that is

88
00:04:19,760 --> 00:04:24,120
Speaker 3: exploding a bomb a warhead. Units hasn't done that since

89
00:04:24,160 --> 00:04:26,120
Speaker 3: nineteen ninety two, but neither is Russia or China.

90
00:04:26,160 --> 00:04:26,880
Speaker 4: They haven't done that in.

91
00:04:26,800 --> 00:04:29,359
Speaker 3: The last thirty years for the most part either, and

92
00:04:29,440 --> 00:04:33,159
Speaker 3: it would be a very big change in our security atmosphere.

93
00:04:33,200 --> 00:04:36,479
Speaker 3: I think probably we're talking about is something that's meant

94
00:04:36,520 --> 00:04:38,440
Speaker 3: to be equivalent to what Russia did, which is some

95
00:04:38,480 --> 00:04:39,680
Speaker 3: sort of nuclear.

96
00:04:39,400 --> 00:04:42,320
Speaker 4: Powered missile or device.

97
00:04:42,720 --> 00:04:44,200
Speaker 3: It may be that he doesn't even have a specific

98
00:04:44,279 --> 00:04:49,960
Speaker 3: thing in mind. He's just saying that. To Raddle Sabers, this.

99
00:04:50,080 --> 00:04:54,880
Speaker 4: Is the primal scream of a dying regime. Pray for

100
00:04:54,920 --> 00:04:58,240
Speaker 4: our enemies because we're going to medieval on. These people

101
00:05:00,040 --> 00:05:03,719
Speaker 4: got a free shot, all these networks lying about the people.

102
00:05:03,760 --> 00:05:05,800
Speaker 4: The people have had a belly full of it. I

103
00:05:05,839 --> 00:05:07,680
Speaker 4: know you don't like hearing that. I know you've tried

104
00:05:07,720 --> 00:05:08,960
Speaker 4: to do everything in the world to stop that, but

105
00:05:08,960 --> 00:05:10,920
Speaker 4: you're not going to stop it. It's going to happen.

106
00:05:11,040 --> 00:05:13,240
Speaker 2: And where do people like that go to share the

107
00:05:13,279 --> 00:05:15,760
Speaker 2: big line mega media.

108
00:05:15,920 --> 00:05:19,000
Speaker 5: I wish in my soul, I wish that any of

109
00:05:19,040 --> 00:05:20,640
Speaker 5: these people had a conscience.

110
00:05:21,320 --> 00:05:24,479
Speaker 6: Ask yourself, what is my task and what is my purpose?

111
00:05:25,120 --> 00:05:29,880
Speaker 4: If that answer is to save my country, this country.

112
00:05:29,560 --> 00:05:33,200
Speaker 7: Will be saved for use your host.

113
00:05:33,480 --> 00:05:42,880
Speaker 4: Stephen K. Math Thursday, thirty October, You're of a Lord

114
00:05:43,600 --> 00:05:47,880
Speaker 4: twenty five. It's still by the way, have they started

115
00:05:47,920 --> 00:05:50,479
Speaker 4: the Have they started trigger treat over at the White House?

116
00:05:51,320 --> 00:05:53,120
Speaker 4: They have not. Are we going to go that live?

117
00:05:53,480 --> 00:05:56,680
Speaker 4: I'm always you know, well, at least we'll start at

118
00:05:56,680 --> 00:05:59,240
Speaker 4: the beginning. It's kind of a it's five point thirty, okay,

119
00:05:59,240 --> 00:06:01,600
Speaker 4: it's kind of a nasty the uh, it's kind of

120
00:06:01,600 --> 00:06:03,799
Speaker 4: a nasty day back here in d C. It's actually

121
00:06:03,880 --> 00:06:06,720
Speaker 4: warmed up a bit, but start quite raw and very rainy.

122
00:06:06,760 --> 00:06:07,840
Speaker 4: So I don't know if the kids are gonna be

123
00:06:07,880 --> 00:06:10,080
Speaker 4: out there or not, but we always try to do

124
00:06:10,120 --> 00:06:12,680
Speaker 4: at least a little bit of the of the trick

125
00:06:12,760 --> 00:06:15,479
Speaker 4: or treat. Mo Bannon joins, are you here for the

126
00:06:15,480 --> 00:06:21,880
Speaker 4: trick or treats? Most shows up? Oh, that's right, you're

127
00:06:21,880 --> 00:06:25,840
Speaker 4: going to the last six meters surprise, most shows up.

128
00:06:25,880 --> 00:06:28,000
Speaker 4: I'm only here for a couple of hours and then

129
00:06:28,120 --> 00:06:30,279
Speaker 4: here's the White House trick or treat you're here for.

130
00:06:30,360 --> 00:06:32,000
Speaker 4: You're here for the trick or treat, and you're here

131
00:06:32,000 --> 00:06:39,000
Speaker 4: for the Easter gun right here too. So China, there's

132
00:06:39,040 --> 00:06:40,760
Speaker 4: still been not a lot of clarity, even out of

133
00:06:40,760 --> 00:06:43,719
Speaker 4: the Financial Times, et cetera. But I think if you

134
00:06:43,720 --> 00:06:46,240
Speaker 4: look at CNN, if you look at Baker and Vaughan,

135
00:06:47,160 --> 00:06:49,200
Speaker 4: of course, the mainstream media has always got to put

136
00:06:49,200 --> 00:06:52,719
Speaker 4: the most negative spin on things for Trump. Let's just

137
00:06:52,760 --> 00:06:55,440
Speaker 4: go back and I think we understand this now if

138
00:06:55,440 --> 00:06:59,200
Speaker 4: they're talking to enough people. The and I can't emphasize

139
00:06:59,320 --> 00:07:04,560
Speaker 4: enough Trump was dealt incredibly bad hand here, not just

140
00:07:04,600 --> 00:07:09,320
Speaker 4: the the incompetence of the Biden administration and quite frankly

141
00:07:09,400 --> 00:07:11,760
Speaker 4: the pro China, the pro CCP of Biden and the

142
00:07:11,800 --> 00:07:16,200
Speaker 4: Sun Hunter UH in this and it gets down to

143
00:07:16,280 --> 00:07:19,040
Speaker 4: rare earths, which happened on Obama's watch when they bought

144
00:07:19,040 --> 00:07:22,440
Speaker 4: the processing facility. I still don't think that that was

145
00:07:22,480 --> 00:07:26,200
Speaker 4: done with all the necessary approvals. I'm trying to track

146
00:07:26,240 --> 00:07:28,480
Speaker 4: that down. And of course Biden was VP, and Biden

147
00:07:28,560 --> 00:07:34,960
Speaker 4: was putting Biden was You're you're sitting there going just saying.

148
00:07:33,560 --> 00:07:35,160
Speaker 1: No conspiracies, but no concidence.

149
00:07:36,360 --> 00:07:39,600
Speaker 4: The I gotta be carefully now now that you're on

150
00:07:39,640 --> 00:07:41,360
Speaker 4: the board at West Point, we can't know no more.

151
00:07:41,360 --> 00:07:44,520
Speaker 4: How I tell them, no more hot takes hot takes

152
00:07:47,360 --> 00:07:50,000
Speaker 4: the knife to the throat of the United States. And

153
00:07:50,040 --> 00:07:52,480
Speaker 4: I can't emphasize this enough. And I don't think anybody's

154
00:07:52,520 --> 00:07:55,520
Speaker 4: doing a good enough job, even the business media of

155
00:07:55,560 --> 00:08:01,320
Speaker 4: saying exactly what a terrible situation we were in. The

156
00:08:01,360 --> 00:08:04,080
Speaker 4: magnets and these other things associate with heavy rare earths

157
00:08:04,720 --> 00:08:08,200
Speaker 4: would have put us in a position with our heavy manufacturing,

158
00:08:08,880 --> 00:08:13,120
Speaker 4: the production lines that would shut down in six eight weeks.

159
00:08:14,080 --> 00:08:16,400
Speaker 4: President Trump, at least what we understand, got a one

160
00:08:16,440 --> 00:08:20,160
Speaker 4: year extension on that. Will Australia be ready by then? Well?

161
00:08:20,160 --> 00:08:23,040
Speaker 4: Other processing I know Peter Navarro is on this twenty

162
00:08:23,080 --> 00:08:26,200
Speaker 4: four to seven. Will this potential deal with Brazil? Will

163
00:08:26,960 --> 00:08:32,160
Speaker 4: I think the road, the road that Bergham Burgram is building,

164
00:08:32,320 --> 00:08:34,880
Speaker 4: the two and fifty mile road, the gravel road up

165
00:08:34,920 --> 00:08:37,920
Speaker 4: through the wilderness of Alaska. I don't know the Arctic Circle.

166
00:08:38,679 --> 00:08:41,000
Speaker 4: The search is on now to process and to get

167
00:08:41,040 --> 00:08:43,840
Speaker 4: these rare earths, to make sure that's the supply chains.

168
00:08:45,440 --> 00:08:49,079
Speaker 4: Remember we had rosemary on all the time. With the API,

169
00:08:49,240 --> 00:08:52,000
Speaker 4: the Active Pharmaceutical ingredients. We talked about this years ago,

170
00:08:52,120 --> 00:08:56,200
Speaker 4: how the Chinese Commis party has strategically gone and got

171
00:08:56,240 --> 00:09:00,839
Speaker 4: these things like Active Pharmaceutical Ingredients API. The people just

172
00:09:00,880 --> 00:09:02,800
Speaker 4: sit there and go, why is that a big deal. Well,

173
00:09:02,880 --> 00:09:05,839
Speaker 4: it leads to everything that goes into generic medicine and

174
00:09:05,920 --> 00:09:08,040
Speaker 4: they control it. They control that part of the supply chain,

175
00:09:08,120 --> 00:09:10,440
Speaker 4: just like rare earths. Most of rare earths are just dirt,

176
00:09:11,280 --> 00:09:15,120
Speaker 4: but some of it is not. President Trump Investment had

177
00:09:15,120 --> 00:09:18,240
Speaker 4: to come away with that. They thought they they thought

178
00:09:18,240 --> 00:09:20,200
Speaker 4: they had it back in June and July when they

179
00:09:20,240 --> 00:09:22,200
Speaker 4: had the interim agreement. Turns it not because the Chinese

180
00:09:22,200 --> 00:09:23,719
Speaker 4: Commis story is always going to put a knife to

181
00:09:23,760 --> 00:09:27,280
Speaker 4: your throat. Why Cleo Pascal, who I just think I'm

182
00:09:27,280 --> 00:09:29,240
Speaker 4: so proud of the China team we have here just

183
00:09:29,280 --> 00:09:33,760
Speaker 4: as such a brilliant group of analysts and professionals. But

184
00:09:33,920 --> 00:09:37,240
Speaker 4: she says, hey, you guys got to remember something. They're gangsters.

185
00:09:37,480 --> 00:09:40,480
Speaker 4: They're in business with the Chinese tongs. This is why

186
00:09:40,520 --> 00:09:43,400
Speaker 4: fentanyl it is so bad. Now do we get enough

187
00:09:43,400 --> 00:09:46,120
Speaker 4: fentanyl promises? I don't know President Trump did back off

188
00:09:46,160 --> 00:09:49,200
Speaker 4: on the TIFFs as much as we're tariff guys, and

189
00:09:49,240 --> 00:09:53,439
Speaker 4: bring the jobs back more importantly in that because you've

190
00:09:53,440 --> 00:09:56,920
Speaker 4: got to look at the escalatory ladder or the you know,

191
00:09:57,400 --> 00:10:00,680
Speaker 4: up the value chain right now. To me, this entire

192
00:10:00,720 --> 00:10:05,640
Speaker 4: negotiation revolved around three central things. Number one, advanced chip

193
00:10:05,679 --> 00:10:09,559
Speaker 4: design and their access to advanced chips. Number two was Taiwan,

194
00:10:09,679 --> 00:10:13,520
Speaker 4: the defense of Taiwan for guess what those chips, those plants,

195
00:10:14,000 --> 00:10:17,800
Speaker 4: those facilities. And number three was the rare earths which

196
00:10:17,840 --> 00:10:20,360
Speaker 4: allow us to continue as an industrial powerhouse. If you

197
00:10:20,360 --> 00:10:24,880
Speaker 4: don't settle those, all the soybeans and everything else, which

198
00:10:24,920 --> 00:10:28,160
Speaker 4: is absolutely essential, important, particularly important to the soybean farmers. Ever,

199
00:10:29,320 --> 00:10:32,640
Speaker 4: they're going to fade over time, these three, and you

200
00:10:32,840 --> 00:10:35,800
Speaker 4: rank out what we need on deals, and this way,

201
00:10:35,880 --> 00:10:39,520
Speaker 4: Besn't and Trump are a great team. I think they're fantastic.

202
00:10:40,280 --> 00:10:44,800
Speaker 4: Now the details and the devils in the details on

203
00:10:44,840 --> 00:10:49,839
Speaker 4: this deal, for instance, is is Jensen Wong going to

204
00:10:49,920 --> 00:10:52,400
Speaker 4: be the direct they're going to be in discussions. I mean,

205
00:10:52,400 --> 00:10:54,480
Speaker 4: this is the guy that we saw and I think

206
00:10:54,520 --> 00:10:57,200
Speaker 4: that interviews from a month or two ago. But he's

207
00:10:57,280 --> 00:11:00,720
Speaker 4: laying out the issue and he's saying it doesn't matter who.

208
00:11:00,880 --> 00:11:04,319
Speaker 4: It's not important who, what companies win, or what countryes went. Hello,

209
00:11:04,679 --> 00:11:07,680
Speaker 4: well to Americans, Jensen, it's important and we need to

210
00:11:08,120 --> 00:11:10,040
Speaker 4: the whole thing. I signed on AI the other day.

211
00:11:10,760 --> 00:11:13,079
Speaker 4: I said a condition pressing this is we have to stop.

212
00:11:13,120 --> 00:11:15,840
Speaker 4: We have to take the argument away from the accelerationists

213
00:11:16,320 --> 00:11:18,240
Speaker 4: that the Chinese companies party is going to take the

214
00:11:18,280 --> 00:11:21,720
Speaker 4: high ground. And when after the sputting moment, when the

215
00:11:22,000 --> 00:11:24,440
Speaker 4: chip war, it can't happen. We cannot allow that to happen,

216
00:11:24,520 --> 00:11:26,320
Speaker 4: and we can't allow any Chinese company to do it

217
00:11:26,360 --> 00:11:28,240
Speaker 4: the way you do it. I don't know. Let me

218
00:11:28,240 --> 00:11:30,480
Speaker 4: tew us some random ideas. What cut them off a capitol,

219
00:11:30,520 --> 00:11:33,120
Speaker 4: cut them off of training, saw them out of the universities,

220
00:11:33,320 --> 00:11:35,560
Speaker 4: get them out of the national labs. Don't let them

221
00:11:35,559 --> 00:11:39,400
Speaker 4: steal any more technology. Oh, by the way, no advanced chips.

222
00:11:39,600 --> 00:11:43,240
Speaker 4: None in Gensen's main things. Well, really, we want the

223
00:11:43,320 --> 00:11:46,440
Speaker 4: future systems to be based off this. No, they try

224
00:11:46,520 --> 00:11:49,720
Speaker 4: to decouple from us on technology. Let them decouple. They

225
00:11:49,760 --> 00:11:52,240
Speaker 4: shouldn't get access to it. So one of the parts

226
00:11:52,280 --> 00:11:56,160
Speaker 4: of the deal that's still unclear. Do we have the

227
00:11:56,200 --> 00:11:58,679
Speaker 4: final say so? President Trump said, no blackwall chips, which

228
00:11:58,760 --> 00:12:01,120
Speaker 4: is the most advanced design and assumed that that know

229
00:12:01,280 --> 00:12:05,240
Speaker 4: of these other advanced chips going forward, So you just

230
00:12:05,280 --> 00:12:07,680
Speaker 4: need the details on that. And then you know, we

231
00:12:07,760 --> 00:12:09,640
Speaker 4: had Forrest and others, and I talked to others that

232
00:12:09,720 --> 00:12:12,840
Speaker 4: thought it was almost a precondition of even having the

233
00:12:12,880 --> 00:12:16,319
Speaker 4: meeting and having the April meeting that some sort of framework,

234
00:12:16,800 --> 00:12:20,760
Speaker 4: some sort of framework for with Taiwan would be worked out.

235
00:12:21,120 --> 00:12:23,800
Speaker 4: You know, we're adamant about the defense of Taiwan. Forget

236
00:12:23,800 --> 00:12:26,960
Speaker 4: the moral issues, the democracy, forget all that, just the

237
00:12:27,000 --> 00:12:31,840
Speaker 4: practicality that it's, uh, those are the most that's those

238
00:12:31,920 --> 00:12:35,839
Speaker 4: advanced chips drive the American economy. You just can't. You

239
00:12:35,920 --> 00:12:38,920
Speaker 4: just can't let them go. You know, Willy nilly, so

240
00:12:39,120 --> 00:12:41,760
Speaker 4: so much coming back. More clarity is going to be there.

241
00:12:42,320 --> 00:12:44,360
Speaker 4: I think Cleo made have had the best way to

242
00:12:44,400 --> 00:12:48,520
Speaker 4: look at it. It's two heavyweight title contenders that have

243
00:12:48,600 --> 00:12:50,959
Speaker 4: finished kind of the first round, went at each other hard,

244
00:12:51,360 --> 00:12:53,360
Speaker 4: and they're backing off and they're trying to both sides

245
00:12:53,360 --> 00:12:56,280
Speaker 4: are trying to buy buy some time here. But President Trump,

246
00:12:56,360 --> 00:13:00,360
Speaker 4: if he got just the extension for a year, a

247
00:13:00,440 --> 00:13:03,200
Speaker 4: full access to the rare earth that is this I

248
00:13:03,200 --> 00:13:05,000
Speaker 4: don't understand why these guys are sitting there going, well,

249
00:13:05,000 --> 00:13:06,640
Speaker 4: I don't know if he got any wins. Yo, you're

250
00:13:06,640 --> 00:13:09,320
Speaker 4: gonna have your production lines shut down in six weeks now.

251
00:13:09,960 --> 00:13:12,680
Speaker 4: Maybe people didn't explain it in those terms, who don't

252
00:13:12,720 --> 00:13:16,960
Speaker 4: understand it, But I see for the that that big three,

253
00:13:17,120 --> 00:13:19,760
Speaker 4: which are all kind of inastricably linked, the you know,

254
00:13:19,840 --> 00:13:24,439
Speaker 4: the advanced chip design right, the potent, the defense of Taiwan,

255
00:13:24,760 --> 00:13:29,080
Speaker 4: and the rare earth. I just see wins all across

256
00:13:29,120 --> 00:13:31,880
Speaker 4: the place. And he definitely gave some trade offs. You

257
00:13:31,880 --> 00:13:34,080
Speaker 4: get some trade offs in the terrace in the absolute amount.

258
00:13:34,480 --> 00:13:37,480
Speaker 4: You definitely gave up something for a fentanyl. I'm not

259
00:13:37,600 --> 00:13:41,000
Speaker 4: so sure that the guarantees they give because they're gangsters.

260
00:13:41,000 --> 00:13:43,000
Speaker 4: They may just give me a licking and promise. So,

261
00:13:44,640 --> 00:13:49,280
Speaker 4: but I think the president, did you know, the whole

262
00:13:49,320 --> 00:13:51,400
Speaker 4: trip was magnificent, and particularly the reason, the way he

263
00:13:51,480 --> 00:13:54,280
Speaker 4: kind of boxed them in a little bit, not just that.

264
00:13:54,480 --> 00:13:56,400
Speaker 4: Here's what I really love about it. He got up

265
00:13:56,880 --> 00:13:58,720
Speaker 4: or less he said there going, hey, guys, the way

266
00:13:58,760 --> 00:14:01,400
Speaker 4: I'll say he may be even at one o'clock. I go,

267
00:14:01,760 --> 00:14:03,559
Speaker 4: that's going to be a pretty short meeting because it's

268
00:14:03,559 --> 00:14:06,320
Speaker 4: only like an hour and a half. Hey, at one o'clock.

269
00:14:06,360 --> 00:14:08,240
Speaker 4: You know why, because the first lady said, you've got

270
00:14:08,280 --> 00:14:10,040
Speaker 4: to be back. You've got to be back for the

271
00:14:10,240 --> 00:14:13,199
Speaker 4: for the Halloween. Yeah, I don't want you to miss that.

272
00:14:13,760 --> 00:14:15,679
Speaker 4: And so President Trump went to Air Force one, got on.

273
00:14:15,760 --> 00:14:17,000
Speaker 4: He's going to be back. He's going to be at

274
00:14:17,040 --> 00:14:20,760
Speaker 4: the Halloween celebration over at the over the White House,

275
00:14:21,360 --> 00:14:23,400
Speaker 4: five thirty. You're gonna cut to that. Mo Bannon's here.

276
00:14:23,440 --> 00:14:25,640
Speaker 4: We're gonna talk a little six hundred meters. We got

277
00:14:25,640 --> 00:14:27,760
Speaker 4: a special event. A lot of war and posse showing

278
00:14:27,840 --> 00:14:31,520
Speaker 4: up tonight. Really appreciate you guys. Philip Patrick. Is there

279
00:14:31,560 --> 00:14:33,680
Speaker 4: been any turbulence in the capital market? Has been any

280
00:14:33,680 --> 00:14:36,440
Speaker 4: turbulence in gold? You guys looking at the gold turbulence.

281
00:14:36,440 --> 00:14:38,440
Speaker 4: Philip Patrick is going to be here to explain it

282
00:14:38,440 --> 00:14:40,680
Speaker 4: all to us. Birch Gold. By the way, take out

283
00:14:40,680 --> 00:14:43,360
Speaker 4: your phone. Text Bannon at nine eight nine, eight ninety

284
00:14:43,800 --> 00:14:49,760
Speaker 4: The Ultimate Guide, which happens to be free for investing

285
00:14:50,160 --> 00:14:52,400
Speaker 4: in gold and precious metals in the Age of Trump,

286
00:14:52,400 --> 00:14:54,560
Speaker 4: not the Air Trump, the Age of Trump. Check it

287
00:14:54,560 --> 00:14:56,920
Speaker 4: out to the day, get access to Philip Patrick's team. He'll

288
00:14:56,960 --> 00:14:59,480
Speaker 4: be on shortly, Mo Bannon, thank you for being.

289
00:14:59,320 --> 00:15:01,760
Speaker 1: Here for Trick still America's voice family.

290
00:15:01,840 --> 00:15:03,120
Speaker 4: Are you on get Her yet?

291
00:15:03,240 --> 00:15:03,280
Speaker 8: No?

292
00:15:03,640 --> 00:15:04,680
Speaker 9: What are you waiting for?

293
00:15:04,960 --> 00:15:07,880
Speaker 3: It's free, it's uncensored, and it's where all the biggest

294
00:15:07,960 --> 00:15:10,280
Speaker 3: voices in conservative media are speaking out.

295
00:15:11,320 --> 00:15:13,760
Speaker 4: Download the Getter app right now. It's totally free. It's

296
00:15:13,760 --> 00:15:16,800
Speaker 4: where I've put up exclusively all of my content twenty

297
00:15:16,840 --> 00:15:17,480
Speaker 4: four hours a day.

298
00:15:17,480 --> 00:15:19,760
Speaker 6: You want to know what Steve Bannon's thinking, Go together,

299
00:15:20,000 --> 00:15:20,480
Speaker 6: that's right.

300
00:15:20,720 --> 00:15:24,120
Speaker 7: You can follow all of your faith Steve Banner, Charlie Projected,

301
00:15:24,160 --> 00:15:25,000
Speaker 7: the Soldier.

302
00:15:24,760 --> 00:15:26,200
Speaker 3: And so many more.

303
00:15:26,280 --> 00:15:27,680
Speaker 10: Download the Getter app now.

304
00:15:27,640 --> 00:15:29,840
Speaker 9: Sign up for free and be part of the new book.

305
00:15:31,560 --> 00:15:33,760
Speaker 10: It was almost as though there was a boogeyman out there.

306
00:15:34,440 --> 00:15:37,120
Speaker 4: We were facing a lot more enemy than we had

307
00:15:37,160 --> 00:15:41,840
Speaker 4: the capability to deal with it. Dug trenches, they fortified houses,

308
00:15:42,400 --> 00:15:43,040
Speaker 4: they were ready.

309
00:15:44,040 --> 00:15:46,560
Speaker 11: We wanted to go. We were just waiting on the

310
00:15:46,640 --> 00:15:48,840
Speaker 11: edge of a knife. When are we going to get

311
00:15:48,840 --> 00:15:49,080
Speaker 11: to go?

312
00:15:49,560 --> 00:15:53,040
Speaker 3: The order is seize the city.

313
00:15:53,960 --> 00:15:56,960
Speaker 11: RPGs, small arms fire from everywhere.

314
00:16:00,920 --> 00:16:03,160
Speaker 8: I told him that I wanted to go, and then

315
00:16:03,200 --> 00:16:07,720
Speaker 8: you looked at me and said, sorry, you're gonna die.

316
00:16:08,440 --> 00:16:10,520
Speaker 4: The destruction is just horrible.

317
00:16:13,760 --> 00:16:15,520
Speaker 1: The hardest thing about fighting this enemy is they're not

318
00:16:15,600 --> 00:16:16,200
Speaker 1: afraid to die.

319
00:16:16,800 --> 00:16:18,200
Speaker 10: They're not afraid to die, Then.

320
00:16:19,600 --> 00:16:22,360
Speaker 5: How do you fight him?

321
00:16:22,440 --> 00:16:22,720
Speaker 9: Ramped?

322
00:16:22,760 --> 00:16:26,960
Speaker 3: No down, Be prepared to start at one end of

323
00:16:27,000 --> 00:16:29,440
Speaker 3: the city and fight your way through to the other end.

324
00:16:34,400 --> 00:16:38,560
Speaker 4: There's firing going on, their grenades being thrown in the house.

325
00:16:39,920 --> 00:16:41,520
Speaker 10: Became hand to hand fighting.

326
00:16:41,600 --> 00:16:42,600
Speaker 9: It was so close.

327
00:16:43,600 --> 00:16:49,120
Speaker 11: Two selfless marines run across this kill zone four times

328
00:16:49,760 --> 00:17:00,720
Speaker 11: to pull marines out of there.

329
00:17:04,480 --> 00:17:06,879
Speaker 4: I wasn't worried about, you know, getting shot or getting wounded.

330
00:17:06,920 --> 00:17:11,560
Speaker 4: I was worried about the guys to my left and right.

331
00:17:13,960 --> 00:17:16,399
Speaker 7: You always want to reassure these men that they've done

332
00:17:16,640 --> 00:17:20,320
Speaker 7: their duty, because that memory is seared into their soul.

333
00:17:20,840 --> 00:17:27,720
Speaker 4: They never forget it. None of us too. Foreign policy,

334
00:17:28,440 --> 00:17:29,040
Speaker 4: I don't make it.

335
00:17:29,080 --> 00:17:30,920
Speaker 10: I just delivered the least six.

336
00:17:30,760 --> 00:17:37,320
Speaker 4: Hundred meters of it. Okay, tonight, after seventeen years being suppressed,

337
00:17:37,400 --> 00:17:42,320
Speaker 4: the great film by Michael Pack about the Marines of

338
00:17:42,560 --> 00:17:45,280
Speaker 4: First Fallujah and Najaff and second Flusion. And by the way,

339
00:17:45,320 --> 00:17:48,920
Speaker 4: there are Army Special Forces here, there's Air Force. It's

340
00:17:48,960 --> 00:17:52,159
Speaker 4: everything you see as we roll up to the two

341
00:17:52,240 --> 00:17:55,920
Speaker 4: undred and fiftieth commemoration of the birthday of the Marine Corps.

342
00:17:56,359 --> 00:17:59,240
Speaker 4: The Heart of the Marine Corps, which is a infantryman

343
00:18:00,280 --> 00:18:04,080
Speaker 4: on a battlefield and it's incredible and after seventeen years,

344
00:18:04,160 --> 00:18:08,880
Speaker 4: it's going to premiere on the two fifteenth anniversary, ten

345
00:18:09,000 --> 00:18:12,200
Speaker 4: November at ten PM, which is kind of the primetime

346
00:18:12,240 --> 00:18:15,480
Speaker 4: slot for the documentaries of PBS shows. They had the

347
00:18:15,560 --> 00:18:18,520
Speaker 4: Robert F. Kennedy one last week, So on the tenth,

348
00:18:18,560 --> 00:18:21,520
Speaker 4: that's Monday the tenth at ten pm. The last six

349
00:18:21,600 --> 00:18:26,000
Speaker 4: hundred meters after seventeen years of not being seen, it

350
00:18:26,080 --> 00:18:27,480
Speaker 4: is a and we're going to have a bunch of

351
00:18:27,480 --> 00:18:30,959
Speaker 4: folks tonight for kind of a special scream. My wa

352
00:18:31,000 --> 00:18:32,360
Speaker 4: want to thank you for coming. I want to thank

353
00:18:32,359 --> 00:18:37,160
Speaker 4: you for organizing it with Gina Pack. I know now

354
00:18:37,160 --> 00:18:39,240
Speaker 4: that you know you're back up at West Point on

355
00:18:39,280 --> 00:18:43,159
Speaker 4: the board, how important these veterans affairs are for you,

356
00:18:43,320 --> 00:18:45,920
Speaker 4: how important it is to make sure that the men

357
00:18:45,960 --> 00:18:48,399
Speaker 4: and women that were in combat in the Iraq and

358
00:18:48,400 --> 00:18:49,720
Speaker 4: Afghan war are taken care of.

359
00:18:50,400 --> 00:18:51,720
Speaker 3: Well, I definitely agree.

360
00:18:51,760 --> 00:18:55,920
Speaker 5: And that's definitely I've said it before in speeches I've

361
00:18:56,080 --> 00:18:58,719
Speaker 5: given that that's a hell I'll die on is to

362
00:18:58,800 --> 00:19:02,400
Speaker 5: make sure that veterans are taken care of because as

363
00:19:02,440 --> 00:19:05,399
Speaker 5: we've seen, I mean, the last six hundred meters is

364
00:19:05,440 --> 00:19:09,639
Speaker 5: about two battles. At the beginning, towards the beginning of

365
00:19:09,680 --> 00:19:12,480
Speaker 5: the Iraq War two thousand and four, we were in

366
00:19:12,520 --> 00:19:15,879
Speaker 5: Afghanistan for twenty years. People that have been on this

367
00:19:15,960 --> 00:19:20,879
Speaker 5: show have deployed numerous times, TAJE. Gil Joe Kent, numerous deployments.

368
00:19:21,040 --> 00:19:23,240
Speaker 4: You took over your command, your first command, I think

369
00:19:23,200 --> 00:19:26,159
Speaker 4: it was down in Fort Lee, it was before Fort Stewart.

370
00:19:26,200 --> 00:19:30,640
Speaker 4: You're how many noncommissioned officers did you have? Six sixteen sixteen?

371
00:19:30,680 --> 00:19:34,120
Speaker 4: And those noncommissioned officers on an average had how many

372
00:19:34,240 --> 00:19:36,199
Speaker 4: tours in Iraq and Afghanistan?

373
00:19:36,240 --> 00:19:38,680
Speaker 1: At least four or five and that was on the

374
00:19:38,800 --> 00:19:39,560
Speaker 1: lower side.

375
00:19:40,200 --> 00:19:43,119
Speaker 5: Many of them had close to double digit deployments.

376
00:19:43,240 --> 00:19:46,439
Speaker 4: And it destroys the families, right, I mean, the families

377
00:19:46,440 --> 00:19:47,320
Speaker 4: don't take the brunt of that.

378
00:19:47,640 --> 00:19:50,399
Speaker 5: It does because you have to be a strong person

379
00:19:50,600 --> 00:19:55,639
Speaker 5: to be able to have your spouse go over deploy constantly,

380
00:19:56,000 --> 00:19:59,040
Speaker 5: and I especially dual military. I had a lot when

381
00:19:59,119 --> 00:20:02,720
Speaker 5: I deployed Iraq in my unit that were dual military.

382
00:20:02,880 --> 00:20:05,680
Speaker 5: So either if they were in the same unit, that's

383
00:20:05,840 --> 00:20:08,600
Speaker 5: very hard on a family, which I had two NCOs

384
00:20:09,160 --> 00:20:13,120
Speaker 5: that were in my company that were dual military, so

385
00:20:13,400 --> 00:20:16,080
Speaker 5: their kids were back home with their family members.

386
00:20:16,080 --> 00:20:17,000
Speaker 1: So it takes a toll on.

387
00:20:17,000 --> 00:20:19,479
Speaker 4: All family they at the same time.

388
00:20:19,800 --> 00:20:22,119
Speaker 5: Usually they try and offset it, so one deploys and

389
00:20:22,160 --> 00:20:24,200
Speaker 5: then the other, but this time they were both in

390
00:20:24,240 --> 00:20:25,000
Speaker 5: the same unit and.

391
00:20:25,480 --> 00:20:28,239
Speaker 4: Had the specialties of the logistics. You just needed them.

392
00:20:28,280 --> 00:20:29,960
Speaker 4: They had to do it. Well, that's how short demand

393
00:20:29,960 --> 00:20:30,879
Speaker 4: power was it was.

394
00:20:31,040 --> 00:20:34,920
Speaker 5: I mean I got to my unit in February, right

395
00:20:34,960 --> 00:20:38,840
Speaker 5: after my birthday in February, and they told me, oh,

396
00:20:38,840 --> 00:20:40,720
Speaker 5: you're not going to deploy. And then in April they

397
00:20:40,720 --> 00:20:42,920
Speaker 5: said they were short numbers, and I said, I want

398
00:20:42,960 --> 00:20:45,240
Speaker 5: to go, because that at West Point was what we

399
00:20:45,240 --> 00:20:47,879
Speaker 5: were taught. It was a volunteer army still is a

400
00:20:47,960 --> 00:20:50,679
Speaker 5: volunteer army, but it was a time of war. You

401
00:20:50,800 --> 00:20:53,320
Speaker 5: knew that most likely when you left West Point you

402
00:20:53,359 --> 00:20:56,639
Speaker 5: were going to deploy to either Iraq or Afghanistan. So

403
00:20:56,680 --> 00:20:58,520
Speaker 5: when I got to my unit and they were already

404
00:20:58,560 --> 00:21:03,520
Speaker 5: in Iraq, I felt not useless because I was doing

405
00:21:03,560 --> 00:21:06,560
Speaker 5: great things back home in the rear. However, when they

406
00:21:06,560 --> 00:21:09,280
Speaker 5: said they needed people, I said, well, you can send.

407
00:21:09,080 --> 00:21:12,320
Speaker 4: Me how many people in your class, how many kis,

408
00:21:12,440 --> 00:21:15,680
Speaker 4: how many killed in actions? Do you have severely wounded?

409
00:21:15,680 --> 00:21:17,800
Speaker 4: I know a couple of folks in your class were

410
00:21:17,800 --> 00:21:18,640
Speaker 4: severely wounded.

411
00:21:19,160 --> 00:21:22,560
Speaker 5: There are I believe five or six killed in action,

412
00:21:22,800 --> 00:21:26,920
Speaker 5: and then you know three of them were killed very

413
00:21:26,960 --> 00:21:30,639
Speaker 5: shortly into their deployments. I had a friend who played

414
00:21:30,800 --> 00:21:35,080
Speaker 5: Army football who he deployed in his unit. They were

415
00:21:35,119 --> 00:21:38,040
Speaker 5: doing right seat, left seat, so the outgoing unit was

416
00:21:38,080 --> 00:21:42,160
Speaker 5: basically doing ride alongs with the incoming unit, and there

417
00:21:42,200 --> 00:21:44,240
Speaker 5: was an ied and he was killed by the idea

418
00:21:45,320 --> 00:21:48,240
Speaker 5: he was an incoming unit, so he was in country

419
00:21:48,440 --> 00:21:51,119
Speaker 5: in Afghanistan maybe two weeks and he was killed. I

420
00:21:51,160 --> 00:21:56,000
Speaker 5: had another classmate who actually was in the I believe

421
00:21:56,040 --> 00:22:00,399
Speaker 5: it's called the Army Mentorship Program. He did not graduate

422
00:22:00,480 --> 00:22:02,760
Speaker 5: West Point. He was kicked out a week or two

423
00:22:02,800 --> 00:22:08,840
Speaker 5: before graduation because he plagiarized. But he on a paper,

424
00:22:08,920 --> 00:22:11,200
Speaker 5: so this an honor code, so it was an honor violation.

425
00:22:11,359 --> 00:22:13,760
Speaker 5: So they basically kick you out and send you to

426
00:22:13,800 --> 00:22:16,920
Speaker 5: a deploying unit, and you have to serve a certain

427
00:22:16,920 --> 00:22:18,560
Speaker 5: amount of time and you can reapply to come back

428
00:22:18,600 --> 00:22:19,200
Speaker 5: to West Point.

429
00:22:19,440 --> 00:22:21,280
Speaker 4: And he was even with an honor violation.

430
00:22:22,240 --> 00:22:24,560
Speaker 5: It's up to West Point if they want to readmit you,

431
00:22:24,640 --> 00:22:27,119
Speaker 5: but you can reapply. He was in the process of

432
00:22:27,160 --> 00:22:29,760
Speaker 5: reapplying and was killed on his deployment.

433
00:22:29,840 --> 00:22:32,280
Speaker 4: Well on the mentorship program and you go over as

434
00:22:32,280 --> 00:22:34,280
Speaker 4: an NCO. So he was an E four is a

435
00:22:34,280 --> 00:22:39,960
Speaker 4: special four specialist. What after tonight's premiere and then after

436
00:22:39,960 --> 00:22:41,439
Speaker 4: the Marine Corps, we're going to do something. We're going

437
00:22:41,520 --> 00:22:43,480
Speaker 4: to make a special effort to make sure that we

438
00:22:43,480 --> 00:22:46,520
Speaker 4: can get last six hundred meters out to every person.

439
00:22:46,560 --> 00:22:48,879
Speaker 4: The reason is that when things come up in Venezuela

440
00:22:48,880 --> 00:22:52,560
Speaker 4: and there's always you know, a kinetic activity. You've got

441
00:22:52,600 --> 00:22:55,159
Speaker 4: in the Middle East, you've got it in Ukraine. I

442
00:22:55,160 --> 00:22:58,600
Speaker 4: think it's very important for us to go back and

443
00:22:58,640 --> 00:23:03,119
Speaker 4: to think about these wars. This is, like I said,

444
00:23:03,680 --> 00:23:07,199
Speaker 4: from I guess it's the relatively early days of in

445
00:23:07,240 --> 00:23:10,600
Speaker 4: a twenty year war, the relatively early days of Iraq

446
00:23:10,640 --> 00:23:15,120
Speaker 4: and Afghanistan, I can tell you. And assisting Michael Pack

447
00:23:15,200 --> 00:23:19,760
Speaker 4: and putting the movie together, you're furious as you go

448
00:23:19,880 --> 00:23:22,840
Speaker 4: through the political of the political establishment, of just the

449
00:23:22,880 --> 00:23:25,840
Speaker 4: decisions that are made and really putting men and women

450
00:23:25,840 --> 00:23:28,439
Speaker 4: in harm's way. And then just at the last second

451
00:23:28,520 --> 00:23:31,119
Speaker 4: making some decision, and you look at all this blood

452
00:23:31,160 --> 00:23:34,119
Speaker 4: and treasure that you spend, and you realize, we really

453
00:23:34,160 --> 00:23:36,359
Speaker 4: have to think through before we ever deploy people in

454
00:23:36,400 --> 00:23:39,560
Speaker 4: harm's way. Not the United States is not a country

455
00:23:39,560 --> 00:23:41,359
Speaker 4: that can deliver the hammer blow, but you've got to

456
00:23:41,359 --> 00:23:43,240
Speaker 4: make sure you've really thought it through of what your

457
00:23:43,520 --> 00:23:44,280
Speaker 4: objectives are.

458
00:23:44,480 --> 00:23:45,159
Speaker 1: I agree with you.

459
00:23:45,240 --> 00:23:48,520
Speaker 5: And also you have to think that people making decisions

460
00:23:48,560 --> 00:23:51,520
Speaker 5: to send us into these wars, did they.

461
00:23:51,400 --> 00:23:53,879
Speaker 1: Have sons and daughters going over there? I don't think so.

462
00:23:54,000 --> 00:23:56,639
Speaker 5: They didn't serve, They didn't have sons and daughters that

463
00:23:56,720 --> 00:24:00,440
Speaker 5: serve it didn't affect them. And the fact that actually

464
00:24:00,760 --> 00:24:03,680
Speaker 5: the men in this movie, you know that was back

465
00:24:03,720 --> 00:24:06,479
Speaker 5: in two thousand and four, think about the PTSD that

466
00:24:06,520 --> 00:24:09,280
Speaker 5: they have, the things that they saw compared to when

467
00:24:09,359 --> 00:24:12,760
Speaker 5: I deploy or when I deployed, or around the time

468
00:24:12,840 --> 00:24:16,520
Speaker 5: I deployed. Don't get me wrong, people I deployed with

469
00:24:17,680 --> 00:24:20,440
Speaker 5: numerous people you know in the later years.

470
00:24:20,359 --> 00:24:21,560
Speaker 1: Have to have PTSD.

471
00:24:21,920 --> 00:24:25,640
Speaker 5: However, the things that they saw and the fact that

472
00:24:26,440 --> 00:24:29,959
Speaker 5: we as a country aren't treating our veterans the way

473
00:24:29,960 --> 00:24:32,400
Speaker 5: they should be treated, or the mental health care that

474
00:24:32,440 --> 00:24:35,159
Speaker 5: they need that. So, I mean, that's a hill that

475
00:24:35,240 --> 00:24:38,679
Speaker 5: I will die on because we see veterans turning to

476
00:24:39,119 --> 00:24:42,480
Speaker 5: drugs and alcohol and other avenues of approach to cope

477
00:24:42,520 --> 00:24:45,480
Speaker 5: with the PTSD from things that they've seen over there,

478
00:24:46,520 --> 00:24:49,520
Speaker 5: and then we're like, oh, okay, we're gonna we're not

479
00:24:49,560 --> 00:24:53,439
Speaker 5: gonna help them, and we're not accounting for the correct

480
00:24:53,520 --> 00:24:57,520
Speaker 5: number of veterans suicides. You know, the slogan that the

481
00:24:57,560 --> 00:24:59,320
Speaker 5: military likes to put out or the VA likes to

482
00:24:59,320 --> 00:25:01,240
Speaker 5: put out as twenty to a day, it's not twenty

483
00:25:01,280 --> 00:25:01,719
Speaker 5: two a day.

484
00:25:01,720 --> 00:25:05,480
Speaker 1: It's closer to forty four a day. We've seen studies.

485
00:25:05,560 --> 00:25:06,520
Speaker 4: How do you get that number?

486
00:25:06,840 --> 00:25:09,679
Speaker 5: There have been studies, There have been studies that have

487
00:25:09,720 --> 00:25:14,680
Speaker 5: come out from other organizations besides the military, and the

488
00:25:14,800 --> 00:25:20,240
Speaker 5: VA is not accounting for anything other than suicides by weapons.

489
00:25:20,280 --> 00:25:20,680
Speaker 1: So you're not.

490
00:25:20,640 --> 00:25:26,080
Speaker 5: Accounting for overdoses or drownings or hangings. A lot of

491
00:25:26,440 --> 00:25:28,520
Speaker 5: they're trying to say, they're trying to say, oh, that's

492
00:25:28,560 --> 00:25:31,959
Speaker 5: not that's not a suicide, but it is if you're

493
00:25:32,000 --> 00:25:35,679
Speaker 5: resorting to drugs to take care of PTSD or the cope.

494
00:25:35,720 --> 00:25:37,879
Speaker 4: So where do people where do people get you? I mean,

495
00:25:37,880 --> 00:25:39,800
Speaker 4: I actually have you safe words? I'm pretty good mouth.

496
00:25:40,840 --> 00:25:43,000
Speaker 4: What where do people get you? What are your coordinates?

497
00:25:43,200 --> 00:25:46,679
Speaker 5: You can find me on getter and Twitter at Morine

498
00:25:46,720 --> 00:25:50,080
Speaker 5: Underscore Bannon and also on Instagram at real Morrin Bannon.

499
00:25:50,920 --> 00:25:54,240
Speaker 5: I'm still a little shadow band on Twitter, so you'll

500
00:25:54,240 --> 00:25:54,520
Speaker 5: have to.

501
00:25:54,480 --> 00:25:55,679
Speaker 1: Go searching for my stuff.

502
00:25:56,160 --> 00:25:59,399
Speaker 5: I mean it says Bannon and Steve Bannon's daughter in

503
00:25:59,440 --> 00:26:01,639
Speaker 5: my bio, So I'm pretty sure.

504
00:26:01,600 --> 00:26:04,840
Speaker 4: That shadow band. We don't want to hear from you.

505
00:26:04,840 --> 00:26:07,119
Speaker 4: Sure did Grace come with you? I said, Mo pops in,

506
00:26:07,280 --> 00:26:09,480
Speaker 4: Mo pops in on? Is Grace back for the for

507
00:26:09,600 --> 00:26:12,400
Speaker 4: the is Grace for the Halloween party?

508
00:26:11,760 --> 00:26:12,000
Speaker 3: With the.

509
00:26:13,840 --> 00:26:17,240
Speaker 1: Way I have the premiere, she's got trick or treating it.

510
00:26:17,960 --> 00:26:20,760
Speaker 4: We'll see you over there, Mo, Ben and thank you

511
00:26:20,800 --> 00:26:23,600
Speaker 4: so much on you coming through Birch Gold. Philip Patrick

512
00:26:23,760 --> 00:26:26,480
Speaker 4: is going to join us. Been a little turbulent for

513
00:26:26,520 --> 00:26:31,240
Speaker 4: the last couple of days. Geopolitics, Wow, mitigating risks, the

514
00:26:31,280 --> 00:26:33,960
Speaker 4: President United State, negotiating a deal, negotiating a deal that's

515
00:26:33,960 --> 00:26:37,280
Speaker 4: going to keep the production lines open at least for

516
00:26:37,320 --> 00:26:40,240
Speaker 4: another year, and for we come up to another alternative solution.

517
00:26:40,400 --> 00:26:44,840
Speaker 4: Bess and Navarro, the entire team Short commercial break on deck,

518
00:26:45,359 --> 00:27:06,560
Speaker 4: Philip Patrick. The team at birch Gold next in the world. Yeah, okay,

519
00:27:06,640 --> 00:27:08,720
Speaker 4: the White House, it's sent up for Halloween. We had

520
00:27:08,880 --> 00:27:11,520
Speaker 4: actually some amazing music from the from the I guess

521
00:27:11,520 --> 00:27:15,280
Speaker 4: the orchestra there. Maybe not so much now little Atonal. Anyway,

522
00:27:15,320 --> 00:27:18,000
Speaker 4: let's get in Philip Patrick. As soon as some activity.

523
00:27:19,119 --> 00:27:20,639
Speaker 4: This is a trick or tree to the White House

524
00:27:20,920 --> 00:27:23,119
Speaker 4: is some activity. What I love about this President Trump

525
00:27:23,160 --> 00:27:26,320
Speaker 4: was under orders from the real boss. The first lady. Hey,

526
00:27:26,440 --> 00:27:28,480
Speaker 4: I don't you know this thing? Was she? I hope

527
00:27:28,480 --> 00:27:30,720
Speaker 4: you figure it out. Cut the deal and let's get

528
00:27:30,760 --> 00:27:32,640
Speaker 4: on the plane, get on Air Force one. Let's get

529
00:27:32,680 --> 00:27:35,000
Speaker 4: back to the White House because we have the kids

530
00:27:35,040 --> 00:27:37,600
Speaker 4: over for trick or Tree. I think it's fantastic. And

531
00:27:37,680 --> 00:27:39,360
Speaker 4: like I said, I don't think well, let me bring

532
00:27:39,359 --> 00:27:43,040
Speaker 4: in Philip Patrick. Philip, there's been turmoil, particularly in the

533
00:27:43,080 --> 00:27:45,479
Speaker 4: gold and precious metals market. But I got to ask you,

534
00:27:45,920 --> 00:27:49,960
Speaker 4: do you fully understand the actual deal, because I think

535
00:27:50,480 --> 00:27:53,120
Speaker 4: in the mainstream media is like focused on soybeans, which

536
00:27:53,160 --> 00:27:54,920
Speaker 4: is very important. You got to take care of the farmers,

537
00:27:55,040 --> 00:27:57,399
Speaker 4: and there's other aspects to it. And as you know,

538
00:27:57,440 --> 00:27:59,720
Speaker 4: we're high tariff guys. So there are some cuts in

539
00:27:59,720 --> 00:28:05,160
Speaker 4: the tear, but the rare Earth being extended for a year,

540
00:28:05,280 --> 00:28:07,040
Speaker 4: that we continue to get our rare earth if they

541
00:28:07,080 --> 00:28:10,439
Speaker 4: live up to it. The chips where he said no

542
00:28:10,560 --> 00:28:13,520
Speaker 4: blackwells and no advanced chips like that, although he'll allow

543
00:28:14,200 --> 00:28:16,480
Speaker 4: Navidia to get in discussions with the Chances Counters party

544
00:28:16,480 --> 00:28:19,560
Speaker 4: and there's no discussion on Taiwan. To me, if you

545
00:28:19,600 --> 00:28:23,960
Speaker 4: get that alone, you shut down chips. Those are massive wins.

546
00:28:24,240 --> 00:28:26,960
Speaker 4: I don't know why the mainstream media is not given

547
00:28:27,080 --> 00:28:29,000
Speaker 4: President Trump more props on this, sir.

548
00:28:30,160 --> 00:28:33,760
Speaker 7: Yeah, I agree, it's a huge win, particularly the rare

549
00:28:33,760 --> 00:28:37,440
Speaker 7: earth or the delay of the rare earth export restrictions.

550
00:28:37,520 --> 00:28:38,400
Speaker 10: That's massive.

551
00:28:38,480 --> 00:28:42,480
Speaker 7: Those minerals are the lifeblood of our defense and tech manufacturing,

552
00:28:42,880 --> 00:28:45,400
Speaker 7: so it was certainly a win for the Trump administration.

553
00:28:45,840 --> 00:28:48,920
Speaker 7: I would say this isn't sort of the grand bargain

554
00:28:49,040 --> 00:28:51,640
Speaker 7: that everyone's been waiting for. I think this is more

555
00:28:51,680 --> 00:28:52,920
Speaker 7: of a cease fire.

556
00:28:53,040 --> 00:28:53,240
Speaker 4: Well.

557
00:28:53,760 --> 00:28:58,160
Speaker 7: Essentially, two economic heavyweights who can't afford to keep punching

558
00:28:58,280 --> 00:29:01,320
Speaker 7: sort of sit it out. Both economies are stretch at

559
00:29:01,320 --> 00:29:04,360
Speaker 7: the moment. China obviously from a historic real estate crash.

560
00:29:04,720 --> 00:29:07,920
Speaker 7: We've got a thirty eight trillion dollar debt load. We've

561
00:29:07,960 --> 00:29:11,800
Speaker 7: got FED already cutting rates to keep Washington solvent, So

562
00:29:12,160 --> 00:29:14,600
Speaker 7: I think from Trump's point of view, this was tactical.

563
00:29:14,680 --> 00:29:17,920
Speaker 7: He's not giving up leverage. He's buying time, time to

564
00:29:18,160 --> 00:29:22,320
Speaker 7: rebuild industrial base, to secure critical mineral supply chains, and

565
00:29:22,400 --> 00:29:25,800
Speaker 7: to protect American farmers, who essentially been the foot soldiers

566
00:29:25,800 --> 00:29:28,400
Speaker 7: of this trade war. So I think the idea is

567
00:29:28,440 --> 00:29:32,960
Speaker 7: to stabilize now and reform later, which quite frankly, is

568
00:29:33,000 --> 00:29:37,000
Speaker 7: a smart move because the alternative, a full decoupling, would

569
00:29:37,000 --> 00:29:39,640
Speaker 7: just tort economies on both sides of the Pacific.

570
00:29:39,840 --> 00:29:41,400
Speaker 10: We're just not ready for that yet.

571
00:29:41,440 --> 00:29:43,760
Speaker 7: I think it's going to take five to ten years

572
00:29:43,760 --> 00:29:47,800
Speaker 7: to onshore rare earth mining and refining, and in the meantime,

573
00:29:47,920 --> 00:29:51,160
Speaker 7: China will have leverage that they could choose to weaponize

574
00:29:51,160 --> 00:29:53,680
Speaker 7: at any point. So I think coming up to a

575
00:29:53,720 --> 00:29:56,720
Speaker 7: deal rare Earth was a big win. Kicking the can

576
00:29:56,840 --> 00:30:00,480
Speaker 7: further down the road buys us time to reduce their leverage.

577
00:30:00,480 --> 00:30:02,959
Speaker 7: So I think it was absolutely a win, and the

578
00:30:03,000 --> 00:30:04,840
Speaker 7: markets responded accordingly.

579
00:30:07,520 --> 00:30:09,600
Speaker 4: It talk to me about that, particularly the gold market.

580
00:30:09,600 --> 00:30:12,760
Speaker 4: We've had goal bouncing from what almost forty five hundred

581
00:30:13,080 --> 00:30:17,840
Speaker 4: to now thirty nine hundred. But the purchasing, the purchasing

582
00:30:17,920 --> 00:30:21,000
Speaker 4: of the of the central banks are continues on. How

583
00:30:21,200 --> 00:30:25,760
Speaker 4: is the goal markers. It's still an alternative asset class, right,

584
00:30:25,800 --> 00:30:28,800
Speaker 4: that's now getting much more reception at central banks and

585
00:30:28,800 --> 00:30:32,200
Speaker 4: the money center banks, and it's still a hedge. So

586
00:30:33,000 --> 00:30:35,120
Speaker 4: put me through. Give me the perspective, give the audience

587
00:30:35,200 --> 00:30:37,600
Speaker 4: the perspective of the gold market. How does the goal

588
00:30:37,720 --> 00:30:42,440
Speaker 4: market look at the geopolitical and financial risk of the

589
00:30:42,520 --> 00:30:46,240
Speaker 4: two world superpowers? Kind of as you said, two boxers

590
00:30:46,280 --> 00:30:49,080
Speaker 4: are taking a time out, how do they view it?

591
00:30:50,400 --> 00:30:53,560
Speaker 7: Look, the gold markets are on fire, all right. We've

592
00:30:53,600 --> 00:30:56,440
Speaker 7: seen at the high point we're fifty five percent for

593
00:30:56,480 --> 00:30:59,720
Speaker 7: the year. We had a pullback. We're now forty five

594
00:30:59,760 --> 00:31:00,800
Speaker 7: percent for the year.

595
00:31:00,960 --> 00:31:02,760
Speaker 4: So I want to quell.

596
00:31:02,640 --> 00:31:06,000
Speaker 7: Panic out there. Nothing goes up in a straight line.

597
00:31:06,040 --> 00:31:09,880
Speaker 7: You always have profit taking. You have markets responding positively

598
00:31:09,920 --> 00:31:12,520
Speaker 7: and negatively, which is going to change the day to day.

599
00:31:12,840 --> 00:31:17,160
Speaker 7: But like you said, look at the structural moves. Central

600
00:31:17,160 --> 00:31:20,800
Speaker 7: bank goal buying is not letting up. The velocity is increasing.

601
00:31:21,040 --> 00:31:24,480
Speaker 7: They set another record for the third quarter of this year,

602
00:31:24,560 --> 00:31:27,160
Speaker 7: so you know, first three quarters have been the biggest

603
00:31:27,400 --> 00:31:30,080
Speaker 7: three quarters of a year for central bank goal buying

604
00:31:30,400 --> 00:31:35,719
Speaker 7: ever in history. Look at investment banks rapidly raising their predictions.

605
00:31:35,720 --> 00:31:39,640
Speaker 7: So nothing has changed structurally. We are seeing a shift

606
00:31:39,800 --> 00:31:44,360
Speaker 7: away from dollars towards gold that is continuing. Like I said,

607
00:31:44,560 --> 00:31:47,760
Speaker 7: nothing goes up in a straight line, not even gold.

608
00:31:47,800 --> 00:31:51,040
Speaker 7: But I would tell people not to be concerned. Right,

609
00:31:51,160 --> 00:31:55,800
Speaker 7: Look at central banks upping predictions almost on a daily basis.

610
00:31:56,000 --> 00:31:57,320
Speaker 10: As prices go up.

611
00:31:57,640 --> 00:32:02,080
Speaker 7: People have to remember, Yes, gold's h high, everything's high.

612
00:32:02,360 --> 00:32:04,400
Speaker 10: Right. Look at Vessence.

613
00:32:03,960 --> 00:32:05,959
Speaker 7: Op Ed in the Wall Street Journal, what was it

614
00:32:06,000 --> 00:32:09,320
Speaker 7: two months ago talking about how the Fed had created bubbles?

615
00:32:09,600 --> 00:32:12,640
Speaker 7: Markets are at all time highs, Housing at all time highs,

616
00:32:12,680 --> 00:32:16,000
Speaker 7: gold at all time highs. That's a reflection of fiscal policy.

617
00:32:16,160 --> 00:32:19,760
Speaker 7: So the ability to buy low and sell high simply

618
00:32:19,840 --> 00:32:23,960
Speaker 7: doesn't exist in this climate. The question then becomes what's

619
00:32:24,000 --> 00:32:26,280
Speaker 7: more conducive for a climate in front of us? And

620
00:32:26,640 --> 00:32:29,280
Speaker 7: you know, we have a dollar falling in value, we

621
00:32:29,360 --> 00:32:33,280
Speaker 7: have inflation that's persistent, we have potential recession on the horizon.

622
00:32:33,600 --> 00:32:35,400
Speaker 10: This is the perfect storm for gold.

623
00:32:35,760 --> 00:32:39,320
Speaker 7: Factor in what I see as structural changes happening with

624
00:32:39,440 --> 00:32:43,719
Speaker 7: reserve currency, I think we'll see higher gold prices moving forward.

625
00:32:43,760 --> 00:32:46,040
Speaker 7: And as I said, I think the previous time I

626
00:32:46,160 --> 00:32:48,320
Speaker 7: was on, I don't think what we're seeing is a

627
00:32:48,440 --> 00:32:49,680
Speaker 7: rally in gold.

628
00:32:49,760 --> 00:32:51,600
Speaker 10: This is a structural change.

629
00:32:51,720 --> 00:32:55,400
Speaker 7: I think the problem is gold's been undervalued for so long,

630
00:32:56,040 --> 00:32:57,600
Speaker 7: currency overvalued.

631
00:32:57,800 --> 00:32:59,360
Speaker 10: We're now seeing a shift back.

632
00:32:59,480 --> 00:33:02,400
Speaker 7: So I would say to people, don't expect something's just

633
00:33:02,440 --> 00:33:04,440
Speaker 7: going to keep going up and up and up. We're

634
00:33:04,480 --> 00:33:08,080
Speaker 7: always going to see those corrections down, but it bounces

635
00:33:08,120 --> 00:33:11,520
Speaker 7: back pretty quickly. Gold's over four thousand again and moving.

636
00:33:13,560 --> 00:33:16,560
Speaker 4: I want to talk about particularly AI, when you've got

637
00:33:17,080 --> 00:33:20,800
Speaker 4: this situation with Jensen Wong. It's you know, some before

638
00:33:20,880 --> 00:33:24,880
Speaker 4: had this great headline the company broke five trillion dollars

639
00:33:24,960 --> 00:33:27,400
Speaker 4: yesterday in market captain and kind of calling him the

640
00:33:27,400 --> 00:33:30,600
Speaker 4: five tree and dollar man. You remember, it's not all

641
00:33:30,640 --> 00:33:33,640
Speaker 4: that long ago that that Apple broke the one treeon

642
00:33:33,680 --> 00:33:35,640
Speaker 4: dollar barrier, and people thought that that was like the

643
00:33:35,800 --> 00:33:39,000
Speaker 4: earth was going to turn the other way, right, start

644
00:33:39,040 --> 00:33:43,760
Speaker 4: spinning the other way. You've had this at least beginning

645
00:33:43,880 --> 00:33:47,600
Speaker 4: of some sort of interim deal on advanced chips, and

646
00:33:47,680 --> 00:33:52,160
Speaker 4: President Trump said, hey, Navidia can engage directly with the

647
00:33:52,240 --> 00:33:56,440
Speaker 4: Chinese Communist Party of the Chinese government. But there's going

648
00:33:56,520 --> 00:33:59,520
Speaker 4: to be restrictions, particularly the Blackwells and some of the

649
00:33:59,600 --> 00:34:02,840
Speaker 4: some of the other advanced chips that they can sell.

650
00:34:02,880 --> 00:34:04,880
Speaker 4: That's kind of off the table. No discussion at all,

651
00:34:04,920 --> 00:34:10,239
Speaker 4: supposedly on Taiwan. People are arguing that they fear that

652
00:34:10,480 --> 00:34:12,360
Speaker 4: even with all the layoffs that are coming in the

653
00:34:12,600 --> 00:34:16,160
Speaker 4: AI apocalypse, when you look at companies themselves, if they

654
00:34:16,160 --> 00:34:19,440
Speaker 4: mentioned anything or AI, they get like a supercharge valuation.

655
00:34:20,040 --> 00:34:24,920
Speaker 4: Folks are talking about this AI bubble concomittally, You've got

656
00:34:25,360 --> 00:34:29,520
Speaker 4: I think the greatest liquidity Wall Street's ever had. I mean,

657
00:34:29,520 --> 00:34:32,760
Speaker 4: there's just pools of capital out there looking for places

658
00:34:32,800 --> 00:34:36,040
Speaker 4: to go. How do you balance that in looking at

659
00:34:36,040 --> 00:34:39,799
Speaker 4: the gold market, the potential AI bubble coupled with this

660
00:34:39,920 --> 00:34:44,960
Speaker 4: mass liquidity that Wall Streets seems to have right now, Listen.

661
00:34:44,760 --> 00:34:48,800
Speaker 7: It certainly feels like late stage bubble territory. This feels

662
00:34:48,880 --> 00:34:51,399
Speaker 7: like very similar to the late nineties and the dot

663
00:34:51,440 --> 00:34:57,480
Speaker 7: com bubble to follow, and just broadly speaking, it's starting

664
00:34:57,520 --> 00:34:59,200
Speaker 7: to not make sense. Look at the S and P

665
00:34:59,320 --> 00:35:02,960
Speaker 7: itself right I was looking at inflation adjusted price earning ratios.

666
00:35:03,000 --> 00:35:07,120
Speaker 7: Today they are above forty one. For some context, historical

667
00:35:07,160 --> 00:35:11,160
Speaker 7: average is seventeen. The only times in history shillape when

668
00:35:11,200 --> 00:35:15,240
Speaker 7: above twenty seven was nineteen twenty nine, year two thousand,

669
00:35:15,480 --> 00:35:19,240
Speaker 7: two thousand and eight. And today, So, like I said,

670
00:35:19,360 --> 00:35:21,480
Speaker 7: there are bubbles all over the place. I think you

671
00:35:21,600 --> 00:35:24,400
Speaker 7: mentioned to me a few weeks ago. They're more private

672
00:35:24,440 --> 00:35:28,400
Speaker 7: equity firms than the McDonald's branches in the United States today.

673
00:35:28,800 --> 00:35:33,439
Speaker 7: How insane is that? So, like I said, I think

674
00:35:33,480 --> 00:35:36,640
Speaker 7: we've been building bubbles honestly since the turn of the

675
00:35:36,680 --> 00:35:39,839
Speaker 7: century through policy. I think the Fed's ability to keep

676
00:35:39,880 --> 00:35:42,799
Speaker 7: those bubbles going is running out. And ultimately we know

677
00:35:42,920 --> 00:35:46,719
Speaker 7: what happens. Things pop. And when Trump came in, they

678
00:35:46,719 --> 00:35:49,520
Speaker 7: were talking about a soft landing. Other people saying are

679
00:35:49,560 --> 00:35:52,520
Speaker 7: hard landing. The reality is a Landing's a landing. It's

680
00:35:52,560 --> 00:35:55,240
Speaker 7: not making sense anymore, and we need to bring things

681
00:35:55,280 --> 00:35:59,040
Speaker 7: down to reality. And I think globally there is recognition

682
00:35:59,120 --> 00:36:01,279
Speaker 7: of that. I think Gold's going to pick up a

683
00:36:01,320 --> 00:36:02,800
Speaker 7: lot of that safe haven demand.

684
00:36:04,719 --> 00:36:07,040
Speaker 4: Wank me through that. I mean, before I let you go,

685
00:36:07,640 --> 00:36:10,040
Speaker 4: I want to just show them the analytics. The price

686
00:36:10,080 --> 00:36:13,680
Speaker 4: earning his ratio adjusted right now is forty one times.

687
00:36:14,239 --> 00:36:16,920
Speaker 4: That's after tax I mean, that's that's an insane and

688
00:36:17,040 --> 00:36:20,040
Speaker 4: historically it's seventeen times. That's an insane variation. But give

689
00:36:20,080 --> 00:36:23,960
Speaker 4: me the examples of the other three inflection points in

690
00:36:24,360 --> 00:36:28,000
Speaker 4: what the what the peu peu ratio was?

691
00:36:28,760 --> 00:36:31,720
Speaker 7: Yeah, so this is Shiller pee Robert Shiller, Nobel Prize

692
00:36:31,719 --> 00:36:36,160
Speaker 7: winning economist. So three times in history it's gone above

693
00:36:36,200 --> 00:36:39,400
Speaker 7: twenty seven, It was thirty, we had the Great Depression

694
00:36:39,960 --> 00:36:42,600
Speaker 7: forty four at the dot com bubble in the year

695
00:36:42,640 --> 00:36:47,319
Speaker 7: two thousand, twenty seven eight, and today over forty one.

696
00:36:47,560 --> 00:36:50,479
Speaker 7: You could look back at all of recorded history and say,

697
00:36:50,719 --> 00:36:54,920
Speaker 7: we've never seen this multiple without a significant drop to follow.

698
00:36:56,880 --> 00:36:59,200
Speaker 4: And so with this liquidity at the same time you

699
00:36:59,239 --> 00:37:02,560
Speaker 4: get this liquidit, I mean, what are the major houses

700
00:37:02,600 --> 00:37:05,040
Speaker 4: saying right now? I realize that this is the perfect

701
00:37:05,040 --> 00:37:07,879
Speaker 4: time that goal could be a hedge for your portfolio

702
00:37:08,040 --> 00:37:11,359
Speaker 4: or for your other financial assets. But with this liquidity,

703
00:37:11,760 --> 00:37:15,320
Speaker 4: does it just keep building because the AI hype machine

704
00:37:15,960 --> 00:37:19,080
Speaker 4: continues on. I can tell people right now you can

705
00:37:19,080 --> 00:37:21,279
Speaker 4: see where it's being used immediately, and that is not

706
00:37:21,400 --> 00:37:24,680
Speaker 4: for productivity. It's for efficiency. They're going in and they're

707
00:37:24,680 --> 00:37:28,560
Speaker 4: getting rid of the Homo sapiens. Right, you saw this

708
00:37:28,840 --> 00:37:31,440
Speaker 4: target the other day with a thousand jobs, and they

709
00:37:31,440 --> 00:37:33,160
Speaker 4: try to hide it by saying, Oh, we're just having

710
00:37:33,200 --> 00:37:37,640
Speaker 4: better data analytics coupled with our technology. They mean artificial intelligence.

711
00:37:37,719 --> 00:37:39,799
Speaker 4: Is the liquidity you think going to continue to prop

712
00:37:39,840 --> 00:37:41,960
Speaker 4: this up? This excess liquidity on Wall Street?

713
00:37:44,400 --> 00:37:47,440
Speaker 7: Listen, I think it'll keep the bubble going for a while,

714
00:37:47,480 --> 00:37:51,359
Speaker 7: but there is a realization, I think broadly that this

715
00:37:51,400 --> 00:37:54,440
Speaker 7: thing is unsustainable, and as soon as people start to

716
00:37:54,480 --> 00:37:57,919
Speaker 7: realize that and move on mass, it'll start to come

717
00:37:58,000 --> 00:37:59,120
Speaker 7: down fairly quickly.

718
00:37:59,200 --> 00:38:00,960
Speaker 10: So yeah, I think it's got legs.

719
00:38:01,000 --> 00:38:04,640
Speaker 7: Listen, this thing should have come down a long time ago, right,

720
00:38:04,719 --> 00:38:07,560
Speaker 7: based on fundamentals, we've sort of seen recession a long

721
00:38:07,640 --> 00:38:10,319
Speaker 7: time ago, and we've kept this thing going over and

722
00:38:10,360 --> 00:38:11,400
Speaker 7: over and over again.

723
00:38:11,560 --> 00:38:12,640
Speaker 10: Can we keep it running?

724
00:38:13,000 --> 00:38:13,239
Speaker 3: Yes?

725
00:38:13,640 --> 00:38:16,279
Speaker 7: For how much longer before people realize this is a

726
00:38:16,320 --> 00:38:19,520
Speaker 7: Ponzi scheme and get out? That's what I don't know.

727
00:38:19,560 --> 00:38:21,440
Speaker 7: It's impossible to predict.

728
00:38:21,520 --> 00:38:24,719
Speaker 4: For me real quickly. How do people get to you?

729
00:38:24,760 --> 00:38:26,120
Speaker 4: We got to be in a Minnesota. How do they

730
00:38:26,200 --> 00:38:28,719
Speaker 4: get to you and look to your guidance of how

731
00:38:28,719 --> 00:38:30,799
Speaker 4: to get involved in physical gold?

732
00:38:32,000 --> 00:38:34,960
Speaker 10: Yes, it's very simple to me. They can get me

733
00:38:35,000 --> 00:38:35,319
Speaker 10: at GHETA.

734
00:38:35,440 --> 00:38:38,160
Speaker 7: Unfortunately, I don't have the badge of honor of being

735
00:38:38,200 --> 00:38:42,160
Speaker 7: shadowed banned by Twitter, so by choice I'm on GETA.

736
00:38:42,239 --> 00:38:47,080
Speaker 7: It's at Philip Patrick on Geta, at Philip Patrick on getter,

737
00:38:47,640 --> 00:38:49,960
Speaker 7: and then of course they can get all the information

738
00:38:50,040 --> 00:38:54,120
Speaker 7: from Birch to going to Birch Gold dot com, forward

739
00:38:54,200 --> 00:38:57,760
Speaker 7: slash Spannon again Birch Gold dot com, forward slash Bannon

740
00:38:58,239 --> 00:39:00,799
Speaker 7: or text Bannon to ninety eight.

741
00:39:02,200 --> 00:39:05,880
Speaker 4: Philip, the feedback we get from the warm posse is extraordinary.

742
00:39:05,880 --> 00:39:08,600
Speaker 4: You've done such a great job of guiding people through there.

743
00:39:08,680 --> 00:39:11,759
Speaker 4: I understand the people the first off, the fear of

744
00:39:11,800 --> 00:39:14,240
Speaker 4: missing out, and the second, hey, has this thing peaked?

745
00:39:14,560 --> 00:39:16,040
Speaker 4: I know it's on a lot of people's mind. That's

746
00:39:16,080 --> 00:39:18,719
Speaker 4: what I appreciates you coming on and making yourself available.

747
00:39:19,320 --> 00:39:21,400
Speaker 4: A lot of people want to figure out how to

748
00:39:21,480 --> 00:39:25,120
Speaker 4: hedge financial risk. I keep telling folks, don't worry about

749
00:39:25,160 --> 00:39:28,400
Speaker 4: the price, think about the process, the pattern recognition that

750
00:39:28,480 --> 00:39:31,600
Speaker 4: goes in. What's the process that drives the value of gold.

751
00:39:32,160 --> 00:39:34,520
Speaker 4: When you start to understand that, I think your life

752
00:39:34,520 --> 00:39:36,680
Speaker 4: will change. Philip Patrick, thank you so much. Thank this

753
00:39:36,760 --> 00:39:38,359
Speaker 4: team over at Birch Goal appreciate you.

754
00:39:39,120 --> 00:39:39,840
Speaker 10: Thank you, Steve.

755
00:39:42,440 --> 00:39:46,080
Speaker 4: There's going to be a lot more turbulence. We keep saying,

756
00:39:46,840 --> 00:39:50,239
Speaker 4: it's not about when the Third World War comes. What

757
00:39:50,400 --> 00:39:54,000
Speaker 4: President Trump is trying to do is to bring peace

758
00:39:54,760 --> 00:39:59,319
Speaker 4: predicated upon prosperity. Now. His number one priority is the

759
00:39:59,400 --> 00:40:02,120
Speaker 4: United States America and folks in the United States of America.

760
00:40:02,200 --> 00:40:04,560
Speaker 4: That's why our movement is just not America, fir ust.

761
00:40:04,600 --> 00:40:08,960
Speaker 4: It's American citizens first. And President Trump's got a juggle

762
00:40:08,960 --> 00:40:11,320
Speaker 4: a lot. You've got a in the Bloodlands of Ukraine,

763
00:40:11,360 --> 00:40:14,600
Speaker 4: you got a massive you've got a massive war. You've

764
00:40:14,600 --> 00:40:17,799
Speaker 4: got in the Middle East. Right they're trying to reorganize

765
00:40:17,800 --> 00:40:21,040
Speaker 4: what's happening in Israel right now. And then, you know,

766
00:40:21,200 --> 00:40:23,919
Speaker 4: most importantly with the Chinese Counties Party, Captain Fanel tells

767
00:40:24,000 --> 00:40:27,440
Speaker 4: us keep the main thing, the main thing, and that's

768
00:40:27,440 --> 00:40:29,120
Speaker 4: what we're trying to do here. President Trump's trying to

769
00:40:29,160 --> 00:40:32,600
Speaker 4: negotiate where he can, trying to show force where you can.

770
00:40:33,280 --> 00:40:35,520
Speaker 4: I love that is that some is that something we're

771
00:40:35,520 --> 00:40:36,879
Speaker 4: gonna go We're gonna blow break or.

772
00:40:36,920 --> 00:40:37,520
Speaker 1: Just go to break.

773
00:40:38,280 --> 00:40:41,240
Speaker 4: I love this very very fancy. Here on a Thursday

774
00:40:41,239 --> 00:40:44,359
Speaker 4: afternoon short break, when we back the White House has

775
00:40:44,360 --> 00:40:46,400
Speaker 4: got the trick or treat at the White House. We

776
00:40:46,560 --> 00:40:48,040
Speaker 4: go back there when we return.

777
00:41:01,480 --> 00:41:30,120
Speaker 8: Okay, there's the President and a bunch of tricker treaters.

778
00:41:30,160 --> 00:41:33,279
Speaker 4: We're gonna follow this. Let's keep the music up. I

779
00:41:33,320 --> 00:41:37,200
Speaker 4: gotta hear the music. President Trump's get a trump President

780
00:41:37,239 --> 00:41:40,759
Speaker 4: Trump as a trigger treat. Oh, folks would come by

781
00:41:40,800 --> 00:41:43,400
Speaker 4: and getting tambo in this break. We're gonna follow this, folks,

782
00:41:43,520 --> 00:41:44,000
Speaker 4: just watch it.

783
00:42:01,680 --> 00:42:05,320
Speaker 8: Great shot South Lawn.

784
00:42:15,280 --> 00:42:17,480
Speaker 4: I see, I think President Trump. This is the this

785
00:42:17,560 --> 00:42:20,839
Speaker 4: is He's got his iPad, this is his this is

786
00:42:20,840 --> 00:42:25,160
Speaker 4: his disc collection, isn't it. I'm not getting a reaction

787
00:42:25,239 --> 00:42:30,160
Speaker 4: for my production. Whose stuff. We don't everything he's got

788
00:42:30,200 --> 00:42:32,000
Speaker 4: too far. So once you look at this, he's got

789
00:42:32,000 --> 00:42:35,239
Speaker 4: the ball cap on Melanie, the first lady, their handing aft.

790
00:42:35,560 --> 00:42:38,320
Speaker 4: These are liquid. The kids coming up there and joining

791
00:42:38,320 --> 00:42:40,880
Speaker 4: this and tell their grandchildren I was at the White House.

792
00:42:41,640 --> 00:42:44,680
Speaker 4: He just got off I don't know, an eighteen hour flight.

793
00:42:44,800 --> 00:42:47,520
Speaker 4: He was negotiating with the toughest own bran in the world.

794
00:42:48,440 --> 00:42:51,560
Speaker 4: He gets after being he gets on the flight, comes back.

795
00:42:51,800 --> 00:42:56,480
Speaker 4: Now he's there for the people. This is what I

796
00:42:56,600 --> 00:43:02,439
Speaker 4: voted for. The guy never stops. You're not gonna agree

797
00:43:02,440 --> 00:43:04,600
Speaker 4: with everything he does. There's a lot of stuff that

798
00:43:04,640 --> 00:43:08,040
Speaker 4: we say, hey, you know what's going on here. But man,

799
00:43:08,680 --> 00:43:10,720
Speaker 4: you've never had a present with this ever.

800
00:43:12,400 --> 00:43:16,440
Speaker 6: Me who's got the energy to do this? And look

801
00:43:16,480 --> 00:43:18,480
Speaker 6: how I'm gracious see in the first Lady's just amazing,

802
00:43:19,640 --> 00:43:23,400
Speaker 6: incredible and it's such a memory for these kids that's important.

803
00:43:23,560 --> 00:43:24,360
Speaker 3: This is this the.

804
00:43:24,480 --> 00:43:28,560
Speaker 4: Christmas in the White household for Christmas and the and

805
00:43:28,640 --> 00:43:32,719
Speaker 4: then the of course the over East or.

806
00:43:32,640 --> 00:43:36,000
Speaker 12: The East Asia. And President Trump gets a kick out it.

807
00:43:36,040 --> 00:43:38,200
Speaker 12: Let me see right there, this is what he loves.

808
00:43:38,200 --> 00:43:43,319
Speaker 12: You know, he's what a beautiful shot.

809
00:43:43,360 --> 00:43:45,399
Speaker 4: Well, thank real emergant word is that a White House greater?

810
00:43:45,520 --> 00:43:48,080
Speaker 4: Is that? Our chat with Guy's fantastic chapter any.

811
00:43:47,960 --> 00:43:54,320
Speaker 12: Workshop, amazing, all the kids in their costumes, the credible.

812
00:43:54,480 --> 00:43:56,920
Speaker 4: Okay, we're gonna we're gonna have this. You're gonna watch this.

813
00:43:57,840 --> 00:44:02,120
Speaker 4: I'm gonna bring in Mike Lindell. We're talking about scary.

814
00:44:02,200 --> 00:44:06,239
Speaker 4: But let's get Mike. Just get okay, let's go ahea

815
00:44:06,239 --> 00:44:09,040
Speaker 4: and bring Mike Lindell in and let's we're gonna keep that.

816
00:44:09,040 --> 00:44:11,600
Speaker 4: We're gonna come back to it before you go. By

817
00:44:11,640 --> 00:44:16,640
Speaker 4: the way at six o'clock while Israel slept. Yakov Katz

818
00:44:16,760 --> 00:44:20,880
Speaker 4: is gonna join me this book. Whether you're you're pro

819
00:44:21,120 --> 00:44:26,279
Speaker 4: Israel evangelical, or you're in the Tucker Carlson camp, were

820
00:44:26,680 --> 00:44:31,319
Speaker 4: anywhere in between. By this book, I think it gives

821
00:44:31,360 --> 00:44:35,040
Speaker 4: you the strategic situation of Israel, what's going on, but

822
00:44:35,360 --> 00:44:39,880
Speaker 4: it goes through minute by minute of what happened. And this,

823
00:44:40,280 --> 00:44:43,000
Speaker 4: I think is the reliance on technology. Too much of

824
00:44:43,040 --> 00:44:46,920
Speaker 4: a reliance on technology. People that think they got stuff

825
00:44:47,040 --> 00:44:48,879
Speaker 4: organized and they don't. And this should be a warning

826
00:44:48,920 --> 00:44:52,680
Speaker 4: to the United States about US reliance on technology, et cetera. Effect.

827
00:44:52,719 --> 00:44:55,680
Speaker 4: The movie The Last six hundred Meters Tonight started out

828
00:44:55,719 --> 00:44:57,879
Speaker 4: Michael Pack was going to make a movie about high

829
00:44:57,960 --> 00:45:01,080
Speaker 4: tech in modern warfare and ended up making a film

830
00:45:01,160 --> 00:45:04,840
Speaker 4: that's marine rifle platoons going door to door, neighborhood to

831
00:45:04,920 --> 00:45:09,800
Speaker 4: neighborhood in places like najaff Infallujah. So while Israel slept

832
00:45:09,840 --> 00:45:12,240
Speaker 4: for an entire hour, I'm going to be with cats.

833
00:45:12,680 --> 00:45:16,359
Speaker 4: The author to go through it, Mike Lindell Arctic frost Man.

834
00:45:16,400 --> 00:45:18,840
Speaker 4: When I read those documents, they were coming after you.

835
00:45:18,960 --> 00:45:21,000
Speaker 4: Brother Alex Jones, and I think were only two journalists

836
00:45:21,040 --> 00:45:22,759
Speaker 4: are only two guys in media. I wouldn't call myself

837
00:45:22,760 --> 00:45:27,080
Speaker 4: a journalist, but brother, they came after you to take

838
00:45:27,160 --> 00:45:29,279
Speaker 4: you down and burn you to the ground.

839
00:45:29,040 --> 00:45:33,520
Speaker 9: Sir, from every angle. And I believe we were the first. Steve,

840
00:45:34,239 --> 00:45:36,560
Speaker 9: We've already tracked ours. We've been working on this all

841
00:45:36,600 --> 00:45:40,080
Speaker 9: week I had with lawyers and investigators and stuff. And

842
00:45:40,880 --> 00:45:44,320
Speaker 9: they went after my pillow as early as early twenty

843
00:45:44,480 --> 00:45:48,640
Speaker 9: twenty two. You guys, they went after my vendors. They

844
00:45:48,680 --> 00:45:51,279
Speaker 9: went after my banks. We got de banked at three

845
00:45:51,360 --> 00:45:54,560
Speaker 9: different banks. They went to them. They went after obviously

846
00:45:54,640 --> 00:45:57,279
Speaker 9: they took my cell phone in September of twenty one.

847
00:45:58,840 --> 00:46:03,759
Speaker 9: They went after everything to do with my Pillow. And

848
00:46:03,960 --> 00:46:07,719
Speaker 9: not just that, they also reached out to own companies Verizon.

849
00:46:08,080 --> 00:46:11,920
Speaker 9: They shut my Pillows text marketing. We weren't able to

850
00:46:12,080 --> 00:46:16,080
Speaker 9: text market whatever they did, dirty deal they did with Verizon. Steve,

851
00:46:16,200 --> 00:46:19,480
Speaker 9: this goes so deep. It's like, you know all because

852
00:46:19,600 --> 00:46:22,640
Speaker 9: why because my Pillows, my employee owned company. Their CEO

853
00:46:22,800 --> 00:46:25,680
Speaker 9: is out there going, hey, we got problems with our elections.

854
00:46:26,440 --> 00:46:28,759
Speaker 9: You know what, there was a twenty twenty election. We

855
00:46:28,880 --> 00:46:30,600
Speaker 9: need to look into it. We need to look into

856
00:46:31,520 --> 00:46:35,680
Speaker 9: the election platforms on somebody look at this. By the way, everybody,

857
00:46:36,000 --> 00:46:39,879
Speaker 9: remember I've been fighting against these government private contractors ie

858
00:46:40,120 --> 00:46:42,680
Speaker 9: voting machines for four and a half years now.

859
00:46:43,080 --> 00:46:44,000
Speaker 4: So isn't this funny?

860
00:46:44,040 --> 00:46:46,920
Speaker 9: You have the FBI, the IRS, and the DOJ come

861
00:46:47,000 --> 00:46:50,640
Speaker 9: after me my pillow, and then because I'm talking about

862
00:46:51,080 --> 00:46:55,439
Speaker 9: under my freedom of speech to talk about government private contractors, Steve,

863
00:46:55,520 --> 00:46:57,080
Speaker 9: it's been absolutely disgusting.

864
00:46:59,160 --> 00:47:01,880
Speaker 4: So tell me what are you going to do? And

865
00:47:01,920 --> 00:47:04,040
Speaker 4: they don't want to pivot to how we're going to

866
00:47:04,080 --> 00:47:06,480
Speaker 4: pay for this. You're gonna pay for this do profits

867
00:47:06,520 --> 00:47:08,000
Speaker 4: in the company and that's where we're going to sell

868
00:47:08,080 --> 00:47:11,440
Speaker 4: more more towels, sheets and pillows. Well, first of all,

869
00:47:11,480 --> 00:47:12,960
Speaker 4: what action are you going to take?

870
00:47:13,960 --> 00:47:16,640
Speaker 9: Well, we're looking in right now is what is the

871
00:47:16,800 --> 00:47:19,800
Speaker 9: process if you go after this? This is my own government.

872
00:47:19,880 --> 00:47:23,120
Speaker 9: The FBI, they were blatant, The I R S, FBI,

873
00:47:23,280 --> 00:47:25,680
Speaker 9: and the DOJ are the three biggest endities that came

874
00:47:25,719 --> 00:47:28,960
Speaker 9: after me with full guns at all sides. And then

875
00:47:29,000 --> 00:47:33,520
Speaker 9: you couple that with just this week smart matic. So

876
00:47:34,360 --> 00:47:38,000
Speaker 9: a judge of Minnesota finds my pillow and myself guilty

877
00:47:38,080 --> 00:47:41,560
Speaker 9: of defaming a corrupt criminal company because it's all the

878
00:47:41,640 --> 00:47:45,319
Speaker 9: news right now, last week, you can't obviously steve our

879
00:47:45,360 --> 00:47:47,759
Speaker 9: First Amendment right of free speech. Is it is it

880
00:47:48,440 --> 00:47:52,480
Speaker 9: at this is our Everything that happened to my pillow

881
00:47:52,760 --> 00:47:55,200
Speaker 9: should never happen again in history. We're not gonna say

882
00:47:55,239 --> 00:47:59,160
Speaker 9: good lying down. I am going after whatever avenue I

883
00:47:59,239 --> 00:48:01,000
Speaker 9: can take. I don't know if you can go after

884
00:48:01,080 --> 00:48:03,960
Speaker 9: the government. The President did the other night he said, hey,

885
00:48:04,040 --> 00:48:07,400
Speaker 9: it's like sueing myself. It's a great lawsuit. And uh

886
00:48:07,840 --> 00:48:09,640
Speaker 9: so we're gonna we're gonna be making a lot of

887
00:48:09,719 --> 00:48:11,880
Speaker 9: moves here in the next three four days. Right now,

888
00:48:12,160 --> 00:48:15,280
Speaker 9: we're just gathering everything damage it did to my pillow.

889
00:48:15,680 --> 00:48:17,880
Speaker 9: The damage it did to my pillow alone is in

890
00:48:18,000 --> 00:48:19,600
Speaker 9: the hundreds of millions.

891
00:48:19,239 --> 00:48:20,200
Speaker 4: Of dollars everybody.

892
00:48:20,440 --> 00:48:23,320
Speaker 9: This doesn't count the stuff that they did with the

893
00:48:23,440 --> 00:48:26,640
Speaker 9: machine companies and the cancelation. So you guys have made

894
00:48:26,680 --> 00:48:29,440
Speaker 9: it possible. You guys please help us out. It's the

895
00:48:29,560 --> 00:48:32,600
Speaker 9: last day for the Maid in USA sale. All of

896
00:48:32,719 --> 00:48:36,600
Speaker 9: our my Pillow products that are made right here are mattresses,

897
00:48:36,960 --> 00:48:41,200
Speaker 9: are pillows, everything that we make, the match with the bedframes.

898
00:48:41,280 --> 00:48:44,120
Speaker 9: Every you can save up to eighty percent. This is

899
00:48:44,200 --> 00:48:47,160
Speaker 9: the last day for that. You guys, get those mattresses,

900
00:48:47,280 --> 00:48:50,560
Speaker 9: mattress toppers. Remember sixty day money back guarantee and all

901
00:48:50,560 --> 00:48:52,040
Speaker 9: the USA price, and.

902
00:48:52,680 --> 00:48:57,040
Speaker 4: We got a bounce. Brother, We'll see tomorrow. While Israel slept,

903
00:48:58,000 --> 00:50:09,320
Speaker 4: next in the war room, the