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Speaker 1: The Justice Department is preparing to issue a series of

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Speaker 1: grand jury subpoenas as part of an investigation into former

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Speaker 1: CIA director John Brennan and the intelligence community's handling of

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Speaker 1: Russia's effort to help Trump get elected in twenty sixteen.

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Speaker 2: President Trump, as well as the Jack Smith Special Council

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Speaker 2: cases a lot there. Emmas NWC was first to report

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Speaker 2: this news. The investigation is being supervised by the US

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Speaker 2: Attorney in South Florida and also involves senior Justice Department

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Speaker 2: staff from Washington.

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Speaker 3: My good friends Jason Read and Kinyotes got confirmed as

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Speaker 3: the US Attorney in the Southern District of Florida in Miami,

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Speaker 3: and I've been calling for a criminal probe for the

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Speaker 3: last three plus years since the marl Lago raid, for

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Speaker 3: a grand jury to investigate conspiracy against rights under eighteen USC.

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Speaker 3: Section two forty one for these lawfare democrats, how they

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Speaker 3: politicized and weaponized intell agencies and law enforcement going back

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Speaker 3: eight years to cross by a hurricane to take out

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Speaker 3: Trump his top aids like Steve Bannon, Peter Jabarro, Jeff Clark,

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Speaker 3: his supporters. On January sixth, I've been very publicly calling

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Speaker 3: for that on your show and five thousand other media

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Speaker 3: hits for the last three years. There's now a special

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Speaker 3: grand jury that Jason just motioned the court and the

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Speaker 3: Southern District of Florida to open in Fort Pierce that's

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Speaker 3: going to be in paneled in January. I think that

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Speaker 3: sounds like a great place to open up, this grand

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Speaker 3: jury on Crossfire Hurricane.

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Speaker 4: Sosue. I mean, if you mix together Crossfire Hurricane January sixth,

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Speaker 4: the Russia attack on the US election in twenty sixteen,

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Speaker 4: and I don't know what else was in there, you

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Speaker 4: don't end up with an indictment of a conspiracy. I mean,

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Speaker 4: these are three totally separate with predication that's all been

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Speaker 4: investigated and corroborated and affirmed by some of Trump's current

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Speaker 4: closer allies in his own cabinet serving in national security functions.

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Speaker 4: But what strikes me there is he describes having to

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Speaker 4: do three thousand hits to arrive at this moment where

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Speaker 4: an actual prosecutor working for Donald Trump is presenting evidence

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Speaker 4: to a grand jury. That's not the way it's supposed

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Speaker 4: to work.

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Speaker 5: So let's leave aside that this may be a violation

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Speaker 5: of the grand jury secrecy, Like how he knows that

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Speaker 5: there is a grand jury that's been impaneled. Is not

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Speaker 5: something that I think is supposed to be given to

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Speaker 5: somebody who's not in law enforcement.

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Speaker 6: But leave that aside. So let's just take the three pieces.

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Speaker 5: So the Robert Muller investigation led to innumerable cases where

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Speaker 5: people were convicted, either because they pled guilty or because

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Speaker 5: they were found guilty by a jury. January sixth led

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Speaker 5: to hundreds and hundreds of convictions, again, either because people

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Speaker 5: pled guilty or because they were found guilty. And that's

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Speaker 5: in front of judge is who are appointed by Democrats

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Speaker 5: and Republicans, including judges who are appointed by Donald Trump

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Speaker 5: and Mara Lago. That was approved, the search was approved

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Speaker 5: by a judge.

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Speaker 6: There was ample evidence.

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Speaker 5: Even Judge Cannon rejected emotion that this was somehow improper

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Speaker 5: and vindictive. And so it's hard to see how this

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Speaker 5: is going to get off the ground when you have

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Speaker 5: that record of this isn't just the Biden administration or

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Speaker 5: prosecutors saying it, but you have juries and judges blessing

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Speaker 5: each step of this.

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Speaker 7: This is the primal screen of a dining gen Pray.

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Speaker 6: For our enemies because we're going to medieval on.

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Speaker 8: These people's not got a free shot.

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Speaker 3: All these networks lying about the people, the people have

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Speaker 3: had full I.

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Speaker 9: Know you don't like hearing that.

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Speaker 6: I know you tried to do everything.

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Speaker 3: In the world to stop that, but you're not going

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Speaker 3: to stop it.

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Speaker 6: It's going to happen.

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

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Speaker 7: big line?

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Speaker 6: Mega media?

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Speaker 8: I wish in my soul, I wish that any of

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Speaker 8: these people had a conscience. Ask yourself, what is my

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Speaker 8: task and what is my purpose?

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Speaker 10: If that answer is to save my country, this country

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Speaker 10: will be saved.

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Speaker 3: War Room.

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Speaker 6: Here's your host, Stephen K.

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Speaker 9: Bath.

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Speaker 6: It's Thursday, sixth November.

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Speaker 8: You're Warler of twenty twenty five, so a lot to

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Speaker 8: get caught up with today. Let's start with the Viceroy,

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Speaker 8: the Great Benny Johnson Viceroy had you on a show.

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Speaker 6: You laid out the case as you you've.

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Speaker 8: Done so many times and in today some realities hitting

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Speaker 8: Brennan's indicted. MSNBC has finally awakened to the fact that

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Speaker 8: you've been preaching this gospel for a while, and you

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Speaker 8: saw Nicole Wallace Well Holland you've got cross for our

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Speaker 8: hurrican you have twenty twenty election. You got Jay six,

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Speaker 8: that's all separate events. And of course Weissman, who's had

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Speaker 8: nine nine thousand hits on MSNBC alone, he's got taking

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Speaker 8: umbrage with your your media strategy, their viceroy, What do

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Speaker 8: you got for us on this?

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Speaker 9: Well, if they have, if they think this is such

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Speaker 9: a ludicrous legal theory, then they have nothing to worry

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Speaker 9: about like Andrew Weissman, who I would argue help participate

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Speaker 9: in this criminal conspiracy. Amen, Amen, then they have nothing

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Speaker 9: to worry about with with any investigation of this. Why

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Speaker 9: are they scared of accountability here? If they've done nothing

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Speaker 9: wrong or if it's a ludicrous legal theory, I think

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Speaker 9: they know what they did was the biggest handle in

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Speaker 9: American history. When they made up the Russian collusion hopes,

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Speaker 9: they lied to the FISA court, They illegally spied on

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Speaker 9: presidential candidate Donald Trump. They spied on President Donald Trump.

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Speaker 9: When they failed to use the Russian collusion hunks to

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Speaker 9: stop him from winning in twenty sixteen, they tried to

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Speaker 9: destroy his presidency. They impeached him twice, They rigged and

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Speaker 9: stole the election. In twenty twenty, they chased him out

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Speaker 9: of office. And then when he was about to reveal

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Speaker 9: Crossfire Hurricane as part of a civil lawsuit in the

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Speaker 9: Southern District of Florida, a civil lawsuit from which Magistrate

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Speaker 9: Judge Bruce Reinert had recused because of his twenty seventeen

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Speaker 9: Facebook posts crashing Trump. Then Jay Bratz and the Biden

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Speaker 9: Justice departments went to that same magistrate judge six weeks

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Speaker 9: later and did the mar A Lago rid to get

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Speaker 9: back these Crossfire Hurricane wrecords, and that led to the lawfare.

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Speaker 9: They know what they did was the biggest scandal in

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Speaker 9: American history. They know that they're going to be held

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Speaker 9: accountable for that, and I think they're starting to panic.

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Speaker 9: And I think Andrew Weisman should boy her up because

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Speaker 9: he may not be the smartest thing to be out

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Speaker 9: there talking about this case when he could be the

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Speaker 9: target of the grand jury.

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Speaker 8: He was comm's director for this whole thing, his hands

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Speaker 8: in all of this. Okay, as our executives and producers

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Speaker 8: at MSNBC lawyer up, why is the Brennan Why is

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Speaker 8: the Brennan thing today?

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Speaker 6: That meaning, why is this such a big deal?

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Speaker 9: Sir? Well, let me just say this before we go

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Speaker 9: to Brennan. Let's just talk about Nicole Wallace. I actually

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Speaker 9: worked with her in the Bush forty three at White House,

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Speaker 9: and she might be the dumbest human being I've ever

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Speaker 9: interacted with in politics. I mean, she's she's like.

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Speaker 6: Like Nicole. I love Nicole Wallace at four o'clock. We

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Speaker 6: watch it every day. Why are you picking on her?

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Speaker 9: I hope that Nicole Wallace becomes the folks person him

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Speaker 9: for the Resistance for the next four years because she

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Speaker 9: has an IQB about seventy five and she's the perfect person.

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Speaker 9: They get Andrew Weisman up there with Nicole Wallace and

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Speaker 9: make them the face defending this law.

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Speaker 6: Well, Weissman's different. Weissman's different. He's a bad guy. She's

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Speaker 6: she's she's just an innocent victim.

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Speaker 8: She didn't know what she was doing when she was

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Speaker 8: selling the Iraq war right as a as weapons of

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Speaker 8: mass destruction. They're they're now very focused on you, Mike.

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Speaker 8: So watch out there. They're they're rolling hard. They see

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Speaker 8: they're gonna Lensky you. I can tell that already because

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Speaker 8: now they're freaked out. They're freaked out because of Brennan.

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Speaker 8: Brennan really made this real for them today in a

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Speaker 8: way that Komy's the appetizer for Komy did not, sir, Yeah, I.

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Speaker 9: Mean Tomi was their useful idiots, right, and they they

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Speaker 9: they they found them no longer useful. Right with Brennan,

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Speaker 9: he's actually one of the key operators behind all of this,

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Speaker 9: and the Brennan I directly to Obama, and I think

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Speaker 9: that's what they feel, right. So look, I'm not confirming

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Speaker 9: or denying anything. I would say this that I think

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Speaker 9: that NBC and these other outlets are over reporting what

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Speaker 9: I said. I never said that this special grand jury

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Speaker 9: that's set up in Fort Pierce for January is investigating

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Speaker 9: Crossfire Hurricane. I said. I had been pushing very, very

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Speaker 9: very hard for that to happen for over three years,

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Speaker 9: and I'll continue to push very hard for that to happen.

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Speaker 9: I would say to Andrew Westmin when he's throwing out

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Speaker 9: rule sixty on grand jury, because he says that how

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Speaker 9: would Mike Davis know about this grand jury? I would

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Speaker 9: tell Andrew Weistin, you should probably go look at the

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Speaker 9: court's public docket because the orders on the court's public

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Speaker 9: docket you clown, so U you know, maybe he had

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Speaker 9: you know too, many strawberry dackeries for lunch again today.

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Speaker 9: But or you know, with his umbrellas, No, no, Andrews, sorry, buddy,

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Speaker 9: it's a public document. So she shoves see you right

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Speaker 9: up your ass. But anyway, so justice is definitely coming

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Speaker 9: for these lawfair Democrats. They laughed about this before the election.

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Speaker 9: They mocked us for three years.

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Speaker 5: Let's see how.

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Speaker 9: Much Andrew Weisman snickering over the next three Over the

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Speaker 9: next three years, when justice is being.

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Speaker 8: Delivered, you know, Mike MSNBC is being turfed at out

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Speaker 8: of thirty Rock.

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Speaker 6: They're leaving the building.

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Speaker 8: They're sending them over to forty third Street near Times Square.

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Speaker 8: They're taking the name away. And I can tell you

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Speaker 8: the guys at NBC just want to be done with it.

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Speaker 8: And they realize, I think huge investigation is going to

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Speaker 8: come in the media. Part of this, Mike, as you know,

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Speaker 8: was one of the strongest elements they had because every

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Speaker 8: night they were leaking. You got Kendalanian, the spokesman for

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Speaker 8: the FBI, you got you know, Weisman, the spokesman for

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Speaker 8: the for the Cabal. Every night they drove this with

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Speaker 8: Rachel Maddow. They put out false information from Shifty shift.

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Speaker 8: They lied, they knew they were lying. So MSNBC or

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Speaker 8: MS now whatever you're going to be next week. You

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Speaker 8: guys are up to your eyeballs in this thing. And

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Speaker 8: don't think people don't know that. We've been talking about

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Speaker 8: this and working behind the scenes for a long time

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Speaker 8: on this one.

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Speaker 6: Mike Davis, your thoughts, well.

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Speaker 9: I would say this, Remember that eighteen USC. Section two

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Speaker 9: forty one, Conspiracy against rights is a very powerful criminal statue.

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Speaker 9: It was passed after the Civil War to take down

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Speaker 9: the Klan. Jack Smith, at the urging of Andrew Weissman

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Speaker 9: and others used conspiracy against rights to go after President Trump,

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Speaker 9: his topy ags, his supporters to take out MAGA. So

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Speaker 9: they're going to get a healthy dose of their own

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Speaker 9: medicine on eighteen USC. Section two forty one conspiracy against rights.

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Speaker 9: I call this the dead chicken strategy. If they want

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Speaker 9: to dure the war room posse wants to google that

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Speaker 9: and it could go after lawyers, It can go after reporters,

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Speaker 9: it can go after judges. Anyone who cans fires to

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Speaker 9: violate the civil rights. The constitutional rights of Americans is

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Speaker 9: subjects to eighteen USC. Section two forty one, including reporters

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Speaker 9: at MSNBC.

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Speaker 8: Mike, you're doing some great writing all around, but I

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Speaker 8: want people to go to article three to get all

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Speaker 8: of it, and also your social media.

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Speaker 6: Where did they go?

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Speaker 9: Article three? Project dot org Article number three Projects dot org.

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Speaker 9: You can follow us on social media, donate, but only

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Speaker 9: what you can afford. But the War Room posse's superpower

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Speaker 9: is action, action, action, and our action item for the

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Speaker 9: next three years is to put these lawfare democrats, especially

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Speaker 9: Andrew Weisman, in prison for conspiracy against rights the Viceroy.

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Speaker 8: Thank you very much, Mike. I know you're busy today.

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Speaker 8: Thanks for joining us by phone. Appreciate you always.

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Speaker 9: Thank you, Sir.

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Speaker 6: Mike Davis. We didn't have time.

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Speaker 8: I'll get to Mike, hopefully not tomorrow and Monday. He

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Speaker 8: was a clerk for He clerk for Gorsage, knows Gorsage

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Speaker 8: very well. He managed the process of getting Gorsage approved.

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Speaker 8: About yesterday's Supreme Court hearing, Uh, it begins the Brennan.

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Speaker 6: The Brennan situation kind of kicks it off.

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Speaker 8: Coomy was just an appetizer with her because they were

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Speaker 8: running at a time right the stature limitations. Now it

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Speaker 8: starts getting serious and I think you're gonna see some

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Speaker 8: real momentum on this. And they get very serious people

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Speaker 8: on this, and that's why they're so nervous over at MSNBC.

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Speaker 6: They're very concerned because they understand this thing is going

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Speaker 6: to roll. It's going to roll hard. So and he

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Speaker 6: also saw the judge. I think, lighten up Halligan.

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Speaker 7: Man.

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Speaker 8: They hate Halligan. They hate her, which is a good sign.

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Speaker 8: It's inverse. The more they hate them, the better you

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Speaker 8: know they are. Then you know they're getting stuff done,

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Speaker 8: or they're hating on fokos, you understand that they're being effective. Okay,

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Speaker 8: Philip Pattick, A lot of turmoil in capital markets today,

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Speaker 8: nastag down.

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Speaker 6: I think two percent? Why is that? People? I don't know.

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Speaker 6: I think there may be an AI bubble.

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Speaker 8: Remember today the very first segment, I ripped on the

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Speaker 8: chief financial officer of Open AI that had the audacity

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Speaker 8: to say, well, we really need government guarantees, loan guarantees.

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Speaker 8: We borrow this money. And I said, hey, fine, you

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Speaker 8: give us fifty percent of the equity for the American citizens.

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Speaker 6: Spread it around. David Sachs comes out right afterwards. Oh no, no, no, no, no, no, no.

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Speaker 8: No, guarantees. No nothing, he didn't want any that's equity taken.

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Speaker 8: Now I got this idea. I think they're gonna spread

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Speaker 8: it out to everybody, every American citizen.

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Speaker 6: A piece of the action, just a piece to taste.

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Speaker 8: Just get your beek wet ai on the retreat today

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Speaker 8: on Wall Street, America's.

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Speaker 1: Kill, America's voice.

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Speaker 5: Family.

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Speaker 7: Are you on Getter yet?

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Speaker 9: No? What are you waiting for?

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Speaker 2: It's free, it's uncensored, and it's where all the biggest

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Speaker 2: voices in conservative media are speaking out.

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Speaker 6: Download the Getter app right now. It's totally freeze where.

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Speaker 8: I've put up exclusively all of my content twenty four

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Speaker 8: hours a day.

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Speaker 6: You want to know what Steve Bannon is thinking? Go together,

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Speaker 6: that's right.

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Speaker 3: You can follow all of your faith Steve Bannon, Charlie.

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Speaker 11: Kirk, Jack, the Soviet and so many more.

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Speaker 5: Download the Getter app now.

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Speaker 12: Sign up for free and be part of the new port.

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Speaker 9: So.

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Speaker 12: John Brennan is one of the key figures in what

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Speaker 12: really is a massive and sprawling investigation as envisioned down

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Speaker 12: in South Florida. And the reason it's down there and

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Speaker 12: that's new that that's we're reporting today that the US

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Speaker 12: attorney in South Florida is leading this investigation is because

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Speaker 12: that's where the mar Lago search was. And so what

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Speaker 12: they're trying to do here is knit together what they

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Speaker 12: see as an ongoing conspiracy to violate Donald Trump's civil

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Speaker 12: rights that began with the Russia investigation and continued on

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Speaker 12: from Obama administration to Biden administry and then somehow includes

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Speaker 12: the Jack Smith investigations. It's his unifiled, unified field theory

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Speaker 12: of persecuting Donald Trump. And John Brennan, of course, was

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Speaker 12: a central figure in the preparation of that twenty seventeen

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Speaker 12: assessment into Russian election interference, and of course the FBI

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Speaker 12: has crossed Fire Hurricane investigation figure into that. How this

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Speaker 12: all shakes out, Katie, is anyone's guest, because we've not

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Speaker 12: seen any evidence connecting any of these things, let alone

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Speaker 12: any wrongdoing. And in point of fact, as you well know,

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Speaker 12: John Durham, the Special Council appointed in the Trump administration,

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Speaker 12: looked exhaustively, particularly at the Russian Interference assessment and at

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Speaker 12: the FPI's Crossfire Hurricane investigation, and found no criminal wrongdoing

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Speaker 12: by John Brennan or any other major figure. But here

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Speaker 12: the Justice Department is trying to take another crack at this.

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Speaker 9: As we had.

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Speaker 11: I think what Ken has just postulated is maybe the

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Speaker 11: most reasonable theory I have heard about how the Justice

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Speaker 11: Department could prosecute this. And what I mean by reasonable

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Speaker 11: is that by all accounts, John Brennan left government more

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Speaker 11: than eight nine years ago. Most of the crimes with

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Speaker 11: which one could conceivably think of John Brennan even being

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Speaker 11: remotely charged with would be time barred. The only way

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Speaker 11: that the Department of Justice could potentially get around that

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Speaker 11: is to charge this overarching conspiracy where the last thing

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Speaker 11: done in furtherance of that conspiracy happened in relatively recent memory. Otherwise,

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Speaker 11: if you were to just look at the facts.

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Speaker 8: Of course, yes, lady, just watch War Room. We explained

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Speaker 8: that nine months ago. You're just getting an mssebc's audience

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Speaker 8: going to understand they ain't been paying attention, better start

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Speaker 8: paying attention. People at MSNBC are going to be indicted,

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Speaker 8: no doubt, going to be indicted. Part of the conspiracy,

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Speaker 8: and yes, John Brennan is part of the brains of

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Speaker 8: the operation. This is how you go after the deep state,

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Speaker 8: not to structurally take it apart, but to make sure,

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Speaker 8: you put in.

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Speaker 6: High relief.

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Speaker 8: That had been running these operations against President Trump and

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Speaker 8: the MAGA movement and the country and the country been

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Speaker 8: at this too powerful for too long. They're about to

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Speaker 8: get their come upance gonna be they're gonna be hiring attorneys,

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Speaker 8: and they're gonna be spending millions of dollars. And although

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Speaker 8: their life is going to be focused on this, keep

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Speaker 8: themselves out of prison. Bolton's going to prison. Comy's going

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Speaker 8: to prison, Brennan's going to prison, Weissman's going to prison,

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Speaker 8: McCabe's going to prison. I can go down the drum list.

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Speaker 8: I got my cheat sheet. Sorry, guys, Trump came back.

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Speaker 8: You never thought that would happen. You tried everything, bankrupting

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Speaker 8: uh put him in all these false charges, all these

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Speaker 8: false felonies, to put him into prison, I don't know,

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Speaker 8: for three hundred years, and then finally to try to

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Speaker 8: assassinate him, to attempt to assassinate him. None of it worked. Okay,

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Speaker 8: you remember this morning. This is one of my con

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Speaker 8: so one of the reasons I signed this proclamation about

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Speaker 8: getting our arms around AI. Right now, they just had

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Speaker 8: an analysis about on these earnings calls. So what happens

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Speaker 8: every quarter, every quarter, once every ninety days. Essentially Wall Street,

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Speaker 8: the CFO, the CEO, normally the chairman come on in

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Speaker 8: the biggest research people that own the stocks and shareholders

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Speaker 8: in the public and just listen. Then they have an earning.

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Speaker 8: So they explained the quarterly reports. And they may get

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Speaker 8: away from this system. They may do it semi annually,

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Speaker 8: they may do it annually, but they get on every

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Speaker 8: month and they every three months and they talk about

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Speaker 8: what's going on. There's some stat out there that like

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Speaker 8: fifty thousand mentions of AI. Every company now is talking

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Speaker 8: about AI. You can see these commercials on TV. IBM's

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Speaker 8: got a commercial they're walking through with like the tech people.

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Speaker 8: They're walking through the office with the you know, one

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Speaker 8: of these faceless cubicle offices where unfortunately most of most

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Speaker 8: of the working public spend their time. They're going through

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Speaker 8: these offices and they're talking to people that in the

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Speaker 8: in the you know, accounting department, the information department, the CIO,

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Speaker 8: and the trump at A and they go, well, you know,

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Speaker 8: is it really.

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Speaker 6: Helping this productivity?

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Speaker 8: Well, no, not really, but because our data is not

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Speaker 8: organized and they're just going on and on they're very confusing.

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Speaker 8: They make the point that AI hasn't been harnessed yet,

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Speaker 8: and they're trying to tell the companies that are buying this, hey,

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Speaker 8: maybe it's time now to try to think of a

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Speaker 8: way to harness it most of the AI at least now.

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Speaker 8: And this is not to say that AI doesn't have tremendous, tremendous,

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Speaker 8: tremendous potential, but the stocks have run up so high

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Speaker 8: and it's kind of they're in a virtual circle. Somebody

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Speaker 8: raises money on this high stock valuations and they buy equipment,

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Speaker 8: and then the equipment is you know, given to another

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Speaker 8: guy to service, and it's kind of difficult to understand

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Speaker 8: you're having double and triple accounting because the whole system

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Speaker 8: and the way it's done is fairly obscure, and the

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Speaker 8: people that are doing this are not really coming out

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Speaker 8: and giving you a lot of pertinent information that can

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Speaker 8: help you decipher and break it down. So that's a

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Speaker 8: lot of top people, the top research analyst and others

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Speaker 8: are trying to understand this and figure out if this

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Speaker 8: is like the dot com bubble of the late nineteen nineties,

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Speaker 8: the mid to late nineteen nineties, when you put dot

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Speaker 8: com on anything, and the stock just blew out, and

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Speaker 8: you'd have all these young people on TV and they

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Speaker 8: were talking essentially was gobbledygook, didn't make any sense. But

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Speaker 8: the stocks would be on fire and they could buy

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Speaker 8: a company. They could use the stock as an acquisition currency,

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Speaker 8: could buy other companies with it. Remember what it was,

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Speaker 8: The Time Warner AOL was the worst transaction in I

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Speaker 8: think corporate history. We had Time Warner, this massive media

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Speaker 8: company with all these legacy brands, Warner Brothers Studio, you

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Speaker 8: had HBO, you had Time Magazine. He had all the

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Speaker 8: magazine you know, half the magazines in the country, and

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Speaker 8: they basically did a stock swap and bought it with

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Speaker 8: AOL stock, which al you know, shortly thereafter started to

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Speaker 8: crash because people realized it didn't really have an economic

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Speaker 8: model to really create value and make money over the

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Speaker 8: long term. This is one of the concerns today. The

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Speaker 8: one thing we do know it is blowing out a

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Speaker 8: lot of jobs. You're seeing the beginning of an AI

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Speaker 8: job's apocalypse. This is why I say it just can't

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Speaker 8: be affordability. Don't get sucked into the trap. And a

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Speaker 8: lot of people saying, you know, were mimicking the words

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Speaker 8: of what Ma and others kept talking about this affordability crisis.

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Speaker 6: It's just not affordability.

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Speaker 8: Affordability is about supply demand, also about inflation, all of it.

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Speaker 8: But you have another part of the equation which is

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Speaker 8: really more invescent in Trump's wheelhouse, which is growth. We

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Speaker 8: made a bet, the big beautiful bill, you know. Far

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Speaker 8: be it from me to say it was just the

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Speaker 8: the politicians on Capitol Hill giving a tax break to

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Speaker 8: the wealthy. Far bia from me to say that, really

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Speaker 8: the core of it was a supply side tax cut

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Speaker 8: to get investment here, capital equipment, and get this economy

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Speaker 8: kickstarted at post pandemic, the Chinese companies, party, bio weapon,

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Speaker 8: and the Biden you know, the Biden disaster. So after

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Speaker 8: what five six years of that, to get this thing

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Speaker 8: kickstarted on a growth plan predicated upon the investment in capital, equipment, plant,

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Speaker 8: all of it.

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Speaker 6: That's what supply side is about.

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Speaker 8: My concern as you look at it is are these

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Speaker 8: stocks too frothy? And is one economic announcement up between

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Speaker 8: these companies just adding to the froth and are they

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Speaker 8: going to back on now? What you're also seeing is

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Speaker 8: a because that CFO is a smart person.

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Speaker 6: So she says, Oh, I didn't mean to say that.

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Speaker 8: I was talking about creating an ecosystem of private equity

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Speaker 8: and banks and you know, some sort of government I

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Speaker 8: don't know involvement you, o, lady, You were talking about

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Speaker 8: a loan guarantee by the people, that I says, And

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Speaker 8: this is this is what the elites always do. This

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Speaker 8: is what happened in the collapse in two thousand and eight.

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Speaker 8: They always want to set up a system where they

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Speaker 8: socialize the risk, okay, and they keep the upside.

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Speaker 6: And now what do I mean by that? That sounds

437
00:24:24,280 --> 00:24:26,000
Speaker 6: like comber fancy term. What they do is they.

438
00:24:26,000 --> 00:24:30,760
Speaker 8: Want bailouts or or guarantees backed by the full faith

439
00:24:30,800 --> 00:24:31,920
Speaker 8: and credit of the United States.

440
00:24:32,000 --> 00:24:35,399
Speaker 6: That would be you, all Schmendrick's in this audience. That

441
00:24:35,440 --> 00:24:35,879
Speaker 6: would be you.

442
00:24:37,080 --> 00:24:39,199
Speaker 8: Like Pogo said, was that we met the enemy and

443
00:24:39,280 --> 00:24:43,800
Speaker 8: it is us. That's you. You're you're out of the

444
00:24:43,880 --> 00:24:46,040
Speaker 8: room and out of the deal. But you're giving a guarantee.

445
00:24:46,880 --> 00:24:49,239
Speaker 8: You're giving a guarantee, just like you bail out all

446
00:24:49,280 --> 00:24:52,159
Speaker 8: the elites in two thousand and eight. You're giving a guarantee.

447
00:24:53,400 --> 00:24:55,359
Speaker 8: And what do you get? And they keep the upside.

448
00:24:55,359 --> 00:24:57,639
Speaker 8: They got all the equity, so I said today, and

449
00:24:57,720 --> 00:24:59,480
Speaker 8: David Sacks came in right after soace oh no.

450
00:24:59,359 --> 00:25:02,280
Speaker 6: No no, no no no no no no, no, no no. He's

451
00:25:02,320 --> 00:25:04,520
Speaker 6: the bizarre, he's thesarre.

452
00:25:04,600 --> 00:25:08,280
Speaker 8: So the Czar came out and said, no guarantees, because

453
00:25:08,280 --> 00:25:09,760
Speaker 8: all I had to do is mention one thing they

454
00:25:09,760 --> 00:25:10,600
Speaker 8: don't want to talk about.

455
00:25:11,160 --> 00:25:13,800
Speaker 6: Why the hell are we giving all this government.

456
00:25:13,480 --> 00:25:19,320
Speaker 8: Support and creating this vector, creating this sector, right, creating

457
00:25:19,359 --> 00:25:24,160
Speaker 8: this sector that's created now trillions of dollars of publicly

458
00:25:24,280 --> 00:25:26,639
Speaker 8: traded equity value, and.

459
00:25:26,680 --> 00:25:29,320
Speaker 6: The American people got nothing. Here's what you got. You

460
00:25:29,400 --> 00:25:29,960
Speaker 6: got nothing?

461
00:25:30,520 --> 00:25:30,760
Speaker 8: Zero?

462
00:25:31,640 --> 00:25:32,080
Speaker 6: Why is that?

463
00:25:32,480 --> 00:25:37,160
Speaker 8: That's not capitalism. This is corporatism, This is crony capitalism.

464
00:25:37,280 --> 00:25:41,720
Speaker 8: This is state capitalism. It can't go on, it cannot

465
00:25:41,760 --> 00:25:44,119
Speaker 8: go on, this system. I told you you're gonna get

466
00:25:44,119 --> 00:25:46,760
Speaker 8: a couple of things. You're either gonna get Mangoni. You know,

467
00:25:47,760 --> 00:25:54,760
Speaker 8: Manjoni Manjohnny Manjoni. Okay, the guy is shotting that guy.

468
00:25:54,840 --> 00:25:56,560
Speaker 8: You're either gonna get that. You're either gonna get shot

469
00:25:56,600 --> 00:25:59,639
Speaker 8: in the back right by some post a boy, by

470
00:25:59,720 --> 00:26:01,600
Speaker 8: some ripped post a boy that the go.

471
00:26:01,720 --> 00:26:02,600
Speaker 6: Gaga over.

472
00:26:03,960 --> 00:26:08,360
Speaker 8: Or you're going to get Zoran. You're going to get

473
00:26:08,400 --> 00:26:11,119
Speaker 8: either the French Revolution, economics. And by the way, the

474
00:26:11,200 --> 00:26:15,520
Speaker 8: DSA released today all their demands. You talk about you

475
00:26:15,680 --> 00:26:19,119
Speaker 8: picking on Tucker Carlson for anti Semitism, Look at the DSA,

476
00:26:19,520 --> 00:26:24,160
Speaker 8: where's the where's the RJC, where's Tel Aviv Levin? Since

477
00:26:24,200 --> 00:26:27,080
Speaker 8: you didn't lift a finger to stop Zoron of which

478
00:26:27,160 --> 00:26:30,560
Speaker 8: I said two months ago at the National Conservatism here

479
00:26:30,680 --> 00:26:33,879
Speaker 8: I gave the speech the the the issue for Israel

480
00:26:33,920 --> 00:26:36,359
Speaker 8: and the Jews are not in Tehran, it is in

481
00:26:36,480 --> 00:26:40,720
Speaker 8: New York City. They released the DSA comments today, which

482
00:26:40,800 --> 00:26:46,120
Speaker 8: is the fifty of the apparatus game elected. Pretty virulent,

483
00:26:46,800 --> 00:26:52,840
Speaker 8: pretty virulent, not good people. Pretty virulent, should be dealt

484
00:26:52,920 --> 00:27:04,920
Speaker 8: with immediately. Shortbreak, here's your host, Stephen k back. So

485
00:27:05,359 --> 00:27:07,520
Speaker 8: the CFO came back and said she was just kidding.

486
00:27:07,640 --> 00:27:09,760
Speaker 8: David Sachs said, Oh, we're never gonna think about that,

487
00:27:09,880 --> 00:27:12,280
Speaker 8: but they're trying to socialize it. She would never she's

488
00:27:12,640 --> 00:27:16,000
Speaker 8: she's a brilliant woman. She's CFO of a you know,

489
00:27:16,119 --> 00:27:21,080
Speaker 8: a huge tech concern. They're floating it out there. Just

490
00:27:21,119 --> 00:27:22,120
Speaker 8: try and get it out in the ether.

491
00:27:22,480 --> 00:27:23,199
Speaker 6: Right then, come back.

492
00:27:23,240 --> 00:27:25,200
Speaker 8: Well, you know we mentioned a while ago, and of

493
00:27:25,280 --> 00:27:27,600
Speaker 8: course the CCP, they're always going to revert back to that.

494
00:27:29,240 --> 00:27:33,120
Speaker 8: You want to stop the CCP from competing. I got

495
00:27:33,200 --> 00:27:36,959
Speaker 8: an idea, true, cut them off from capital, cut them

496
00:27:37,000 --> 00:27:41,560
Speaker 8: off from technology. Don't let Jensen Wang the or Wang

497
00:27:43,520 --> 00:27:47,520
Speaker 8: Jensen the the agent of influence by the Chinese Commist

498
00:27:47,600 --> 00:27:50,320
Speaker 8: Party who wants to sell them the advanced chips in

499
00:27:50,359 --> 00:27:52,800
Speaker 8: the worst way possible. And thank god President Trump said no,

500
00:27:52,840 --> 00:27:55,359
Speaker 8: we're not going to do that. And then he said

501
00:27:55,480 --> 00:27:59,520
Speaker 8: in the in the headlines that's blazing on the Financial

502
00:27:59,600 --> 00:28:04,920
Speaker 8: Times of London, which I quote, China will win AI

503
00:28:05,119 --> 00:28:07,960
Speaker 8: race with America, says Navidia's chief. So that's not Steve

504
00:28:08,040 --> 00:28:09,680
Speaker 8: Bannon beating on the guys, say, why are you picking

505
00:28:09,720 --> 00:28:14,080
Speaker 8: on him? Well, I'm picking on him because it's another

506
00:28:14,160 --> 00:28:20,800
Speaker 8: guy over here, like Zoran the Ugandan, who is bound

507
00:28:20,880 --> 00:28:24,399
Speaker 8: and determined to help destroy this country, bound in the

508
00:28:24,480 --> 00:28:26,280
Speaker 8: termin to help destroy this country. And that may be

509
00:28:26,400 --> 00:28:30,800
Speaker 8: okay for you, ain't okay for me, not okay for

510
00:28:30,960 --> 00:28:33,280
Speaker 8: me at all. And these people got to be called out.

511
00:28:34,000 --> 00:28:36,200
Speaker 8: This AI thing is leadings not just to what they're

512
00:28:36,280 --> 00:28:38,400
Speaker 8: doing in the labs, the frontier labs, the four or

513
00:28:38,440 --> 00:28:42,480
Speaker 8: five frontier labs of driving totally unregulated. You have more

514
00:28:42,560 --> 00:28:47,640
Speaker 8: regulation in Capitol Hill to open a nail salon or

515
00:28:47,680 --> 00:28:51,360
Speaker 8: to have somebody braid your hair. Then you do all

516
00:28:51,560 --> 00:28:54,840
Speaker 8: of artificial intelligence. Let that set. Let that set with

517
00:28:54,960 --> 00:28:58,200
Speaker 8: you for a second. Working on some of the most

518
00:28:58,280 --> 00:29:01,960
Speaker 8: dangerous technology. Huge potential upside, don't get me wrong, huge

519
00:29:02,000 --> 00:29:05,640
Speaker 8: potential upside, although I do think some of the upside

520
00:29:05,800 --> 00:29:06,400
Speaker 8: is just typed.

521
00:29:07,080 --> 00:29:08,480
Speaker 6: Now you're seeing big job leafts.

522
00:29:08,480 --> 00:29:11,000
Speaker 8: So they're going to have they're gonna have lower they're

523
00:29:11,000 --> 00:29:13,480
Speaker 8: gonna have lower labor costs, there's no doubt about that.

524
00:29:14,560 --> 00:29:18,000
Speaker 8: But what does that mean about really creating value? The

525
00:29:18,120 --> 00:29:20,160
Speaker 8: creation of value, that's all that's all to be seen.

526
00:29:20,280 --> 00:29:22,880
Speaker 8: But this market's pretty frothy.

527
00:29:23,600 --> 00:29:25,040
Speaker 6: I think the I think the.

528
00:29:25,120 --> 00:29:29,880
Speaker 8: Earnings like forty one times, you know, for trailing twelve

529
00:29:29,920 --> 00:29:32,360
Speaker 8: months or something, forty one times. That's a little high.

530
00:29:32,720 --> 00:29:35,600
Speaker 8: That's a tad high. I think the historicals fifteen or

531
00:29:35,640 --> 00:29:39,120
Speaker 8: sixteen times. This is a tad high. It's like right

532
00:29:39,160 --> 00:29:42,520
Speaker 8: before the financial crash, you know, the investment banks are

533
00:29:42,600 --> 00:29:45,280
Speaker 8: like leveraged up, you know, twenty five to one. They

534
00:29:45,320 --> 00:29:47,760
Speaker 8: should be like a bank's for should be four to one.

535
00:29:47,800 --> 00:29:50,200
Speaker 8: An investment make shouldn't be no more than six seven

536
00:29:50,200 --> 00:29:53,200
Speaker 8: to one max. Maybe even less than that. These like

537
00:29:53,280 --> 00:29:56,360
Speaker 8: twenty twenty to one, twenty five to one. That's what happened.

538
00:29:56,400 --> 00:29:59,360
Speaker 8: That's why Goldman Sachs almost went bankrupt. They had they

539
00:29:59,400 --> 00:30:03,400
Speaker 8: were over at Cromwell drafting up the bankruptcy documents. When

540
00:30:04,080 --> 00:30:07,440
Speaker 8: the Secretary Treasury, Hank Paulson, a former Goldman partner, bail

541
00:30:07,520 --> 00:30:11,040
Speaker 8: them out. So Sachs comes out right away. We're not

542
00:30:11,080 --> 00:30:13,240
Speaker 8: going to do it, you know why, because we have

543
00:30:13,360 --> 00:30:16,080
Speaker 8: to have a discussion about this. This this is we

544
00:30:16,240 --> 00:30:17,720
Speaker 8: got to get this out there in the wardroom.

545
00:30:17,720 --> 00:30:20,680
Speaker 6: Will do it a piece of the action.

546
00:30:20,800 --> 00:30:23,240
Speaker 8: You're not asking for a lot, You're not you're not socialists,

547
00:30:23,240 --> 00:30:26,000
Speaker 8: you're not asking for government control. The problem we have

548
00:30:26,120 --> 00:30:29,400
Speaker 8: in this system, it's not a capitalist system, because you

549
00:30:29,480 --> 00:30:32,280
Speaker 8: bail out, you socialize, you bail you bail them all

550
00:30:32,360 --> 00:30:35,920
Speaker 8: out on government bailouts or loan guarantees or all this

551
00:30:36,040 --> 00:30:37,640
Speaker 8: other stuff they got going on here. And you know,

552
00:30:37,720 --> 00:30:40,080
Speaker 8: they get the corporate guys beacer with their hands out

553
00:30:40,160 --> 00:30:42,720
Speaker 8: all the time. They want, you know, Marshall plans, and

554
00:30:42,720 --> 00:30:45,080
Speaker 8: they want the weapons labs turned over to them.

555
00:30:45,120 --> 00:30:46,400
Speaker 6: They've got their hands out all.

556
00:30:46,360 --> 00:30:48,280
Speaker 8: The time, and they got their lobbyists putting the squeeze

557
00:30:48,320 --> 00:30:53,360
Speaker 8: on people big leg constantly. But you mentioned something like,

558
00:30:53,480 --> 00:30:55,760
Speaker 8: hey how about this, how about something for the effort,

559
00:30:56,880 --> 00:30:59,240
Speaker 8: how about like fifty percent of SpaceX.

560
00:30:58,960 --> 00:31:00,400
Speaker 6: And people are banish trying nationally?

561
00:31:00,480 --> 00:31:03,560
Speaker 8: Well, I would nationalized SpaceX, but short of that, because

562
00:31:03,600 --> 00:31:06,200
Speaker 8: it's all government contracts. It's all it's just taking over

563
00:31:06,360 --> 00:31:09,920
Speaker 8: NASA's launches. It's performing a function. It should be well

564
00:31:09,920 --> 00:31:12,560
Speaker 8: paid for that function, and maybe even have an entity

565
00:31:12,680 --> 00:31:16,080
Speaker 8: that makes them some money, some asset value, but not

566
00:31:16,120 --> 00:31:18,480
Speaker 8: one hundred percent of a company's four hundred billion dollars.

567
00:31:18,520 --> 00:31:19,880
Speaker 6: And they own it all and you own nothing.

568
00:31:20,120 --> 00:31:20,840
Speaker 9: No, no, no.

569
00:31:22,000 --> 00:31:24,280
Speaker 8: The problem with the system. We have a capitalist system

570
00:31:24,320 --> 00:31:28,320
Speaker 8: with no capitalists. We have a capitalist system with no capitalist.

571
00:31:29,800 --> 00:31:32,400
Speaker 8: Those kids are coming to these uh coming to these

572
00:31:33,640 --> 00:31:36,720
Speaker 8: uh these turning point things and enlightened guys up. You know,

573
00:31:36,800 --> 00:31:38,600
Speaker 8: whether last night it was you know, air Trump, the

574
00:31:38,760 --> 00:31:41,160
Speaker 8: lightening up and the lightening up Glenn beck and you know,

575
00:31:41,280 --> 00:31:44,200
Speaker 8: lighten up everybody, and just because they happen to be

576
00:31:44,280 --> 00:31:46,160
Speaker 8: the host and not because of Glenn Becker eric is

577
00:31:46,200 --> 00:31:47,600
Speaker 8: just because they happen to be the host of lightening

578
00:31:47,640 --> 00:31:50,760
Speaker 8: them up. These folks, these kids and ones that voted

579
00:31:50,840 --> 00:31:54,080
Speaker 8: the other day, they're Russian serfs. They don't own anything,

580
00:31:54,080 --> 00:31:55,680
Speaker 8: and they're not going to own anything. You're not gonna

581
00:31:55,680 --> 00:31:58,200
Speaker 8: have family for me. Your grandparents had or my dad

582
00:31:58,240 --> 00:32:01,000
Speaker 8: and mom were I don't know, merrit eighteen or nineteen

583
00:32:02,000 --> 00:32:03,760
Speaker 8: and had five kids, and my mom was a stay

584
00:32:03,800 --> 00:32:05,880
Speaker 8: at home mom, and he was a foreman for the

585
00:32:05,920 --> 00:32:09,520
Speaker 8: phone company. Right, he could live on it and live

586
00:32:09,640 --> 00:32:13,320
Speaker 8: and have a great life, not wealthy, but have a

587
00:32:13,440 --> 00:32:16,200
Speaker 8: great life, and I mean a great life, and do

588
00:32:16,320 --> 00:32:21,040
Speaker 8: it on one salary of a blue collar guy. These

589
00:32:21,080 --> 00:32:23,520
Speaker 8: people got no shot a couple on a couple of salaries.

590
00:32:23,560 --> 00:32:25,080
Speaker 8: And the women are saying, hey, I'm not so sure

591
00:32:25,080 --> 00:32:29,520
Speaker 8: about your economic potential, brother, so let me think about

592
00:32:29,560 --> 00:32:31,400
Speaker 8: this one. And of course they've been the young women

593
00:32:31,520 --> 00:32:33,960
Speaker 8: totally radicalized. Do you have a capitalist system and no

594
00:32:34,080 --> 00:32:39,320
Speaker 8: capitalist The tech bros aren't capitalists, they're corporatists. They're oligarchs.

595
00:32:40,120 --> 00:32:42,719
Speaker 8: They said, they want to have one hundred percent of everything,

596
00:32:43,040 --> 00:32:45,400
Speaker 8: have you pay for it? And the devil catch the hindmost.

597
00:32:46,480 --> 00:32:48,120
Speaker 8: That's what kind of and they got this article out,

598
00:32:48,160 --> 00:32:49,920
Speaker 8: the new Maga aristocrats.

599
00:32:50,000 --> 00:32:53,000
Speaker 6: Are you kidding me? Are you kidding me?

600
00:32:53,240 --> 00:32:55,240
Speaker 8: You have a populist movement and you gotta have a

601
00:32:55,280 --> 00:32:58,760
Speaker 8: bunch of a bunch of known guys. You don't have nothing,

602
00:32:58,840 --> 00:33:01,320
Speaker 8: done nothing in the world in their lives of raise

603
00:33:01,400 --> 00:33:04,240
Speaker 8: some money around tech, these narrow tech stocks, and all

604
00:33:04,240 --> 00:33:04,360
Speaker 8: of a.

605
00:33:04,320 --> 00:33:05,840
Speaker 6: Sudden they're going to come in. They're going to be

606
00:33:05,920 --> 00:33:08,640
Speaker 6: the new aristocrats. That's that's the newer. That's what this

607
00:33:08,760 --> 00:33:09,320
Speaker 6: country needs.

608
00:33:09,360 --> 00:33:12,480
Speaker 8: Having done managed declined by the elitian's country, what we need.

609
00:33:12,840 --> 00:33:16,520
Speaker 6: Here's what we need, a new aristocracy. Why didn't I

610
00:33:16,560 --> 00:33:16,920
Speaker 6: think of that?

611
00:33:17,040 --> 00:33:19,680
Speaker 8: That's what we need by a bunch of folks have

612
00:33:19,760 --> 00:33:21,520
Speaker 8: never done anything in their lives, never been anywhere in

613
00:33:21,560 --> 00:33:23,840
Speaker 8: their lives, never served the country, never served the military,

614
00:33:24,000 --> 00:33:27,360
Speaker 8: never done anything in their lives. But they got a

615
00:33:27,360 --> 00:33:29,880
Speaker 8: stock portfolio, some of these tech stocks. Of man, they're

616
00:33:29,920 --> 00:33:33,080
Speaker 8: they're the geniuses. All people like this are geniuses in

617
00:33:33,160 --> 00:33:36,240
Speaker 8: an age of easy money. When the when the stock

618
00:33:36,360 --> 00:33:38,880
Speaker 8: market you bail them out all the time. We're going

619
00:33:38,960 --> 00:33:41,040
Speaker 8: to see how genius they are when you get a

620
00:33:41,080 --> 00:33:45,360
Speaker 8: little downturn and AI I'm just saying it may not happen.

621
00:33:45,760 --> 00:33:49,880
Speaker 8: I'm not a stock market predictor, but we've had a

622
00:33:49,920 --> 00:33:52,040
Speaker 8: pre we've had a free good running before the two

623
00:33:52,080 --> 00:33:55,240
Speaker 8: thousand and eight I said, hey, let's let's dump everything

624
00:33:55,440 --> 00:33:56,800
Speaker 8: and get out of this thing because it's getting a

625
00:33:56,800 --> 00:34:01,320
Speaker 8: little edgy. Philip Patrick, my man, you've gone through a

626
00:34:01,360 --> 00:34:03,560
Speaker 8: couple of three of these as an investment banker. I'm

627
00:34:03,600 --> 00:34:06,720
Speaker 8: just feeling I just feel it's so hyped, right, and

628
00:34:06,800 --> 00:34:09,080
Speaker 8: you're not really seeing the results show up anywhere in

629
00:34:09,120 --> 00:34:10,800
Speaker 8: any kind of earninge because it's very early.

630
00:34:11,280 --> 00:34:12,759
Speaker 6: But that's why it's kind of overhyped.

631
00:34:12,800 --> 00:34:15,560
Speaker 8: And now they're coming out and you can kind of see, well,

632
00:34:15,880 --> 00:34:17,440
Speaker 8: you know, if we just want to you know, the

633
00:34:17,480 --> 00:34:19,239
Speaker 8: government's gonna have a role here. It's got to have

634
00:34:19,280 --> 00:34:22,319
Speaker 8: a role, not to regulate you, to give you free money,

635
00:34:23,040 --> 00:34:25,719
Speaker 8: to give you a loan guarantee. You notice they don't say, hey,

636
00:34:26,080 --> 00:34:28,479
Speaker 8: could you come in and help us think through what's

637
00:34:28,800 --> 00:34:31,279
Speaker 8: happening here and make sure that there's some guardrails so

638
00:34:31,360 --> 00:34:33,960
Speaker 8: we're not creating a monster that eats the world.

639
00:34:34,480 --> 00:34:36,520
Speaker 6: No, they ain't asking for that. No, they want that.

640
00:34:36,800 --> 00:34:37,840
Speaker 6: They're not going to tolerate that.

641
00:34:38,040 --> 00:34:40,440
Speaker 8: They don't want anything to do with it now, Oh,

642
00:34:40,560 --> 00:34:41,719
Speaker 8: the Chinese commedis party.

643
00:34:41,719 --> 00:34:43,000
Speaker 6: The Chinese is going to take it away.

644
00:34:43,000 --> 00:34:45,879
Speaker 8: Hey, we can shut the freaking Chinese commedist party down

645
00:34:45,920 --> 00:34:48,839
Speaker 8: in a second. First off, you get the Navidia guy

646
00:34:49,520 --> 00:34:53,480
Speaker 8: who's their salesman. He's itching, he's all itchy now to

647
00:34:53,560 --> 00:34:55,839
Speaker 8: get them chips to them. Hey, it doesn't matter if

648
00:34:55,880 --> 00:34:57,520
Speaker 8: the Chinese com to be good. If the Chinese is

649
00:34:57,640 --> 00:35:00,279
Speaker 8: gonna be fair, it's gonna be there. Are you nuts, dude?

650
00:35:00,719 --> 00:35:04,520
Speaker 8: How dumb do you think the American people are? At

651
00:35:04,640 --> 00:35:07,320
Speaker 8: least you're gonna trying to hoodwi them, at least shown

652
00:35:07,360 --> 00:35:10,319
Speaker 8: their respect to be sophisticated. Don't just sit there and go, oh,

653
00:35:10,360 --> 00:35:12,440
Speaker 8: it doesn't matter if it's the Chinese company, the trans character.

654
00:35:12,480 --> 00:35:15,799
Speaker 8: But yeah, it matters a lot. It matters a lot,

655
00:35:18,040 --> 00:35:22,080
Speaker 8: Philip Patrick, Sir, More than ever. Gold is a hedge.

656
00:35:22,200 --> 00:35:23,239
Speaker 8: Talk to me about a brother.

657
00:35:24,680 --> 00:35:27,800
Speaker 10: Gold is definitely a hedge. We're seeing that. But to

658
00:35:27,960 --> 00:35:31,760
Speaker 10: touch on the AI, I think that it's clearly a bubble,

659
00:35:31,800 --> 00:35:34,920
Speaker 10: and every late stage bubble needs a story. In the nineties,

660
00:35:35,000 --> 00:35:37,600
Speaker 10: it was the Internet, in the twenty tens it was crypto,

661
00:35:37,680 --> 00:35:41,279
Speaker 10: and today it's AI. But look at valuations across the

662
00:35:41,520 --> 00:35:46,040
Speaker 10: entire sector. They are completely detached from fundamentals. Even chip

663
00:35:46,160 --> 00:35:50,719
Speaker 10: makers now admit that they can't meet the un unrealistic

664
00:35:50,840 --> 00:35:55,000
Speaker 10: expectations being priced in. Companies are spending billions now on

665
00:35:55,160 --> 00:35:59,840
Speaker 10: GPUs and data centers without any clear profit models in

666
00:36:00,080 --> 00:36:03,479
Speaker 10: in mind at all. Meanwhile, we're seeing energy and debt

667
00:36:03,640 --> 00:36:07,080
Speaker 10: costs exploding, and these are two inputs that you cannot fake.

668
00:36:07,680 --> 00:36:11,680
Speaker 10: What looks like economic growth is actually over investment at

669
00:36:11,719 --> 00:36:14,360
Speaker 10: the top of the credit cycle. Look at the first

670
00:36:14,719 --> 00:36:17,720
Speaker 10: half of this year. It was a great example. AI

671
00:36:17,880 --> 00:36:23,880
Speaker 10: expenditure or expenditure on AI related staff, things like data

672
00:36:23,960 --> 00:36:29,319
Speaker 10: centers contributed more to GDP than consumer spending, which during

673
00:36:29,440 --> 00:36:33,000
Speaker 10: normal times is about two thirds of GDP growth. But

674
00:36:33,120 --> 00:36:35,120
Speaker 10: the big picture is the one that we talk about

675
00:36:35,239 --> 00:36:35,839
Speaker 10: all the time.

676
00:36:36,040 --> 00:36:36,160
Speaker 9: Right.

677
00:36:36,360 --> 00:36:39,560
Speaker 10: US debt's now over thirty eight trillion, up more than

678
00:36:39,600 --> 00:36:42,040
Speaker 10: two trillion dollars this year, and the Fed's in a

679
00:36:42,120 --> 00:36:44,960
Speaker 10: tough position. They can't raise rates, but they can't cut

680
00:36:45,080 --> 00:36:50,000
Speaker 10: without reigniting inflation. We're in an era now of fiscal dominance.

681
00:36:50,239 --> 00:36:53,360
Speaker 10: Washington is tracked. It needs cheap money to fund deficits,

682
00:36:53,680 --> 00:36:55,680
Speaker 10: So the Fed's going to be forced to print, not

683
00:36:55,840 --> 00:37:00,200
Speaker 10: because of growth, but because of insolvency. And tech has

684
00:37:00,280 --> 00:37:04,239
Speaker 10: become the liquidity sponge, right, AI spending has become the

685
00:37:04,400 --> 00:37:08,319
Speaker 10: last speculative outlet for cheap credit before it evaporates.

686
00:37:08,640 --> 00:37:13,040
Speaker 6: You can think of this, hang on, hang on, that

687
00:37:13,200 --> 00:37:15,640
Speaker 6: is so good. We're gonna rewind.

688
00:37:16,719 --> 00:37:21,040
Speaker 8: Go back to fiscal dominance, just walk through and it's

689
00:37:21,360 --> 00:37:23,239
Speaker 8: you right, it's a little bit of the trap. This

690
00:37:23,360 --> 00:37:24,680
Speaker 8: is what I was trying to say this morning on

691
00:37:24,760 --> 00:37:28,520
Speaker 8: some of the structural elements of the American economy and

692
00:37:28,680 --> 00:37:30,400
Speaker 8: how it bolts into the world economy.

693
00:37:30,840 --> 00:37:32,000
Speaker 6: Hit that again from me, Philip.

694
00:37:33,000 --> 00:37:35,680
Speaker 10: Fiscal dominance is the position we're in this when debt

695
00:37:35,880 --> 00:37:40,319
Speaker 10: service is driving fed policy, not fundamentals. And like I said,

696
00:37:40,360 --> 00:37:43,399
Speaker 10: it's not because of growth, but because of insolvency. We're

697
00:37:43,440 --> 00:37:46,160
Speaker 10: in a tough position and we're stuck in this loop.

698
00:37:46,680 --> 00:37:49,440
Speaker 10: Like I said, there's a huge amount of excess liquidity

699
00:37:49,520 --> 00:37:54,040
Speaker 10: out there, and tech has become that liquidity sponge. It's

700
00:37:54,200 --> 00:37:58,560
Speaker 10: like the dot com bubble of the twenty twenties. And yeah,

701
00:37:58,680 --> 00:38:02,960
Speaker 10: we're in a situation. And of course we've seen this

702
00:38:03,400 --> 00:38:06,920
Speaker 10: in the past. Right when bubbles burst, liquidity fleets the

703
00:38:07,040 --> 00:38:10,880
Speaker 10: safety not into more paper claims, but into tangible stores

704
00:38:10,880 --> 00:38:13,600
Speaker 10: of value. By the way, we got third quarter numbers

705
00:38:13,640 --> 00:38:16,640
Speaker 10: for gold buying. It's a new record.

706
00:38:16,760 --> 00:38:21,360
Speaker 8: AI stop stop, no stop from the Central banks.

707
00:38:21,480 --> 00:38:24,719
Speaker 6: It just came out. Tell me, tell me about it.

708
00:38:25,800 --> 00:38:29,520
Speaker 10: Central Banks third quarter numbers six hundred and thirty four

709
00:38:29,960 --> 00:38:33,080
Speaker 10: tons in total for the first three quarters of this

710
00:38:33,239 --> 00:38:36,000
Speaker 10: year is two hundred and twenty tons in the third quarter,

711
00:38:36,320 --> 00:38:38,919
Speaker 10: a twenty eight percent increase on the previous.

712
00:38:38,640 --> 00:38:41,000
Speaker 6: Quarter, which by the way, was a record.

713
00:38:41,080 --> 00:38:42,760
Speaker 10: They're stepping up significantly.

714
00:38:45,360 --> 00:38:48,000
Speaker 8: So about the central banks because the price has been

715
00:38:48,040 --> 00:38:50,640
Speaker 8: awful a little bit, but the Central banks to buying

716
00:38:50,719 --> 00:38:53,040
Speaker 8: a physical goal because you've had and folks, you gonna understand,

717
00:38:53,080 --> 00:38:55,120
Speaker 8: you're gonna get speculators in here. You're going to because

718
00:38:55,160 --> 00:38:58,080
Speaker 8: people are seeing there's a chance to make some easy money, right,

719
00:38:58,200 --> 00:39:00,080
Speaker 8: and so you just got to kind of define. This

720
00:39:00,160 --> 00:39:01,959
Speaker 8: is why I always send you over to birch Gold

721
00:39:02,800 --> 00:39:04,799
Speaker 8: end of the dollar Empire. We're not here to say

722
00:39:04,840 --> 00:39:07,279
Speaker 8: you fish dinner. We're here to teach you how to fish,

723
00:39:07,440 --> 00:39:10,840
Speaker 8: or to have you even better teach yourself, because the

724
00:39:10,920 --> 00:39:12,640
Speaker 8: best things you learn as you go back and think

725
00:39:12,640 --> 00:39:15,240
Speaker 8: about life is not something where somebody, somebody, a college

726
00:39:15,360 --> 00:39:18,719
Speaker 8: lecture lectured you. It's where you really went, whether it's

727
00:39:18,800 --> 00:39:22,200
Speaker 8: riding a bike or you know, learning anything. You know,

728
00:39:23,000 --> 00:39:25,680
Speaker 8: learning how to turn a double play. You have to

729
00:39:25,760 --> 00:39:27,040
Speaker 8: learn it, you have to do it, you have to

730
00:39:27,120 --> 00:39:29,840
Speaker 8: think about it, right, And this is what this is

731
00:39:29,840 --> 00:39:31,439
Speaker 8: what we try to do with the folks at Birch

732
00:39:31,520 --> 00:39:34,879
Speaker 8: Gold is give you access to information that you could

733
00:39:34,920 --> 00:39:36,560
Speaker 8: do that. Why is it important, I'm gonna hold you

734
00:39:36,600 --> 00:39:40,040
Speaker 8: through the break, Phillip. Why is it important indicator for

735
00:39:40,120 --> 00:39:43,240
Speaker 8: the audience to understand about the central banks now buying?

736
00:39:43,480 --> 00:39:45,759
Speaker 6: I don't know. Is this five quarters in a row

737
00:39:45,920 --> 00:39:48,680
Speaker 6: of record rates of purchase?

738
00:39:48,880 --> 00:39:49,040
Speaker 9: Sir?

739
00:39:50,280 --> 00:39:53,120
Speaker 10: I mean, listen, central bank money is the smaltest money

740
00:39:53,120 --> 00:39:53,720
Speaker 10: on the planet.

741
00:39:53,880 --> 00:39:54,000
Speaker 9: Right.

742
00:39:54,120 --> 00:39:56,840
Speaker 10: They understand currency in a way that we do not.

743
00:39:57,320 --> 00:39:59,279
Speaker 10: I think it's very clear that looking at all that

744
00:39:59,480 --> 00:40:02,480
Speaker 10: position thirty eight trillion dollars, we cannot get a handle

745
00:40:02,560 --> 00:40:05,880
Speaker 10: on deficit spending, the debts exploding, and they know this

746
00:40:06,120 --> 00:40:09,040
Speaker 10: only ever goes one way, and gold.

747
00:40:08,960 --> 00:40:09,520
Speaker 9: Is the solution.

748
00:40:09,960 --> 00:40:11,880
Speaker 10: Like I said, I bring us back to that Nicholas

749
00:40:11,920 --> 00:40:14,719
Speaker 10: to Leb interview a couple of months ago, where he

750
00:40:14,800 --> 00:40:17,760
Speaker 10: told the Bloomberg presenter the dollar is losing its global

751
00:40:17,760 --> 00:40:20,880
Speaker 10: reserve currency and what we're status, what we're seeing now

752
00:40:21,040 --> 00:40:24,280
Speaker 10: is a reversion back to the normal gold sound money

753
00:40:24,400 --> 00:40:27,080
Speaker 10: is becoming the norm for central bank holdings. And this

754
00:40:27,200 --> 00:40:30,200
Speaker 10: is a reversion to the rest of history, what we

755
00:40:30,320 --> 00:40:34,040
Speaker 10: saw from the eighties. This experiment using government debt, it

756
00:40:34,120 --> 00:40:35,320
Speaker 10: has clearly failed.

757
00:40:35,760 --> 00:40:36,600
Speaker 6: This is a reverb.

758
00:40:38,760 --> 00:40:41,239
Speaker 8: Philip Patrick of Birch Gold, hang on, we're in talk

759
00:40:41,320 --> 00:40:44,480
Speaker 8: all capital markets, current economics.

760
00:40:44,800 --> 00:40:50,160
Speaker 6: Next in the war room for the world or the

761
00:40:50,320 --> 00:40:54,400
Speaker 6: rot God, we will buy all the rock God. We

762
00:40:54,520 --> 00:40:57,600
Speaker 6: were joy with a little morelistic dollars.

763
00:40:59,280 --> 00:41:01,680
Speaker 7: Because he talked about the future. Here's what he said.

764
00:41:01,800 --> 00:41:05,880
Speaker 7: He believes is possible with the future with millions of

765
00:41:06,000 --> 00:41:07,640
Speaker 7: Optimist robots in production.

766
00:41:09,440 --> 00:41:13,120
Speaker 13: You know people often talk about like eliminating poverty, giving

767
00:41:13,200 --> 00:41:18,160
Speaker 13: everyone amazing medical care. Well, there's actually only one way

768
00:41:18,200 --> 00:41:22,160
Speaker 13: to do that, and that's with the Optimist robot. With

769
00:41:22,560 --> 00:41:27,080
Speaker 13: humanoid robots, you can actually give everyone amazing medical care.

770
00:41:29,680 --> 00:41:31,319
Speaker 7: I'm not sure how we're going to get to that point,

771
00:41:31,360 --> 00:41:33,759
Speaker 7: but that's what Elon Musk is talking about today at

772
00:41:33,840 --> 00:41:37,719
Speaker 7: the Test the shareholder meeting in Austin, Texas. One last note,

773
00:41:37,760 --> 00:41:39,840
Speaker 7: Melissa in terms of opt.

774
00:41:40,760 --> 00:41:43,600
Speaker 8: Hang On, I can't take it anymore of a late state.

775
00:41:43,880 --> 00:41:46,239
Speaker 8: We are not giving financial advice here. I just want

776
00:41:46,280 --> 00:41:49,080
Speaker 8: people to know that we're giving you examples of late

777
00:41:49,160 --> 00:41:53,040
Speaker 8: stay in late stage bubbleism. When Elon gets this tree

778
00:41:53,080 --> 00:41:55,560
Speaker 8: and dollar, remember so many things, the value that comeans

779
00:41:55,600 --> 00:41:56,800
Speaker 8: got to go up like a hundred times. When he

780
00:41:56,840 --> 00:42:00,480
Speaker 8: gets this tree and dollar, you know, warrant package, which

781
00:42:00,560 --> 00:42:03,960
Speaker 8: is what I want for every American citizen. If Elon

782
00:42:04,080 --> 00:42:07,680
Speaker 8: can get it, why can't you get it? You're hell,

783
00:42:07,760 --> 00:42:11,400
Speaker 8: you're paying the bills, the debt's being run up. You're

784
00:42:11,440 --> 00:42:14,880
Speaker 8: it's your dollar getting crushed, the inflation sit in you.

785
00:42:15,000 --> 00:42:15,600
Speaker 6: Why you just get a.

786
00:42:15,600 --> 00:42:17,840
Speaker 8: Little sum for the action. It could even be some

787
00:42:17,920 --> 00:42:22,120
Speaker 8: of them could be out of the money. American citizens. First,

788
00:42:22,680 --> 00:42:25,600
Speaker 8: it's a whole way to do this. People say some aposterism. Though, No,

789
00:42:25,719 --> 00:42:30,600
Speaker 8: it's not a dream. The things we talk about. It's

790
00:42:30,640 --> 00:42:33,880
Speaker 8: not like it's the immutable laws of nature. It's not

791
00:42:34,000 --> 00:42:37,800
Speaker 8: the second law of thermodynamics that this ownership has to

792
00:42:37,880 --> 00:42:41,280
Speaker 8: be the ownership. Remember, we're not socialist, we're not Marxist,

793
00:42:41,600 --> 00:42:46,319
Speaker 8: we're not communist. We're actually capitalist. The problem with our

794
00:42:46,440 --> 00:42:49,279
Speaker 8: system is we don't have any capitalists. They got all

795
00:42:49,280 --> 00:42:52,120
Speaker 8: these they got all these interviews with kids and polls

796
00:42:52,160 --> 00:42:55,359
Speaker 8: with kids that come back, these kids hate capitalism, they're

797
00:42:55,400 --> 00:42:57,680
Speaker 8: all socialists. Well, hey, they never had a shot at

798
00:42:57,719 --> 00:43:03,040
Speaker 8: capitalism receiving in the corporate to the Russian serfs. Did

799
00:43:03,080 --> 00:43:05,680
Speaker 8: the Russian serfs sit there and did they love capitalism? No,

800
00:43:05,960 --> 00:43:07,640
Speaker 8: they'd never seen it, and what they saw of it

801
00:43:07,800 --> 00:43:11,400
Speaker 8: wasn't good. That's where these that's where these kids are.

802
00:43:11,880 --> 00:43:16,560
Speaker 8: And you remember where the Russian serfs led to. That's

803
00:43:16,600 --> 00:43:19,400
Speaker 8: the Bolsheviks. And that's what you got in. That's what

804
00:43:19,520 --> 00:43:21,840
Speaker 8: you got in right now in New York City. I

805
00:43:22,000 --> 00:43:25,719
Speaker 8: kept warning you at that National Conservaty I said, hey,

806
00:43:25,800 --> 00:43:28,480
Speaker 8: ain't Tehran where your enemy is right now. Your enemy's

807
00:43:28,480 --> 00:43:30,200
Speaker 8: in the streets in New York. Look at the DSA,

808
00:43:30,320 --> 00:43:34,800
Speaker 8: Look at the Democrats, socialists, what party? Look at DSA

809
00:43:35,560 --> 00:43:37,520
Speaker 8: of what they what they want to do with Israel

810
00:43:37,560 --> 00:43:41,120
Speaker 8: and Jewish people, look at it. Check it out. We're

811
00:43:41,160 --> 00:43:43,560
Speaker 8: in dangerous territory. We need we need more people on

812
00:43:43,600 --> 00:43:46,400
Speaker 8: our side of the football. We need more capitalists. One

813
00:43:46,440 --> 00:43:48,920
Speaker 8: way to give them capitalists not just better wages, that's income.

814
00:43:49,719 --> 00:43:51,759
Speaker 8: Let's get them a little buy into the financial Let's

815
00:43:51,760 --> 00:43:55,280
Speaker 8: get him bought into the financial structure of the country.

816
00:43:56,600 --> 00:43:59,560
Speaker 6: You can do that by reallocation. It's simple.

817
00:44:00,719 --> 00:44:02,879
Speaker 8: The garment chat stakes is these guys are these guys

818
00:44:02,960 --> 00:44:06,000
Speaker 8: are grifting off you. They've socialized the risk. You're the

819
00:44:06,160 --> 00:44:10,440
Speaker 8: sucker that's going to guarantee the loans. You're the sucker

820
00:44:10,520 --> 00:44:14,879
Speaker 8: that's paying for all the everything that underpins it. Well,

821
00:44:14,880 --> 00:44:16,680
Speaker 8: they put these old companies together and they make it

822
00:44:16,719 --> 00:44:19,239
Speaker 8: a trading dollars. It's all for them. No, it doesn't

823
00:44:19,280 --> 00:44:24,080
Speaker 8: work like that, Philip Patrick. Now we're talking and here's

824
00:44:24,280 --> 00:44:27,040
Speaker 8: here's Elon scam everything every time the reality of the

825
00:44:27,160 --> 00:44:31,440
Speaker 8: actual operating income model of making automobiles becomes trilpan day.

826
00:44:31,640 --> 00:44:34,040
Speaker 8: I don't think this company is gonna be three trillion dollars.

827
00:44:34,320 --> 00:44:38,080
Speaker 8: He then adds a I he throws announced Robots. Robots

828
00:44:38,080 --> 00:44:41,400
Speaker 8: are gonna his pitch, Robots are gonna save humanity. Philip Patrick,

829
00:44:41,400 --> 00:44:42,239
Speaker 8: you're feeling good now.

830
00:44:46,480 --> 00:44:46,800
Speaker 6: Sorry.

831
00:44:47,280 --> 00:44:47,719
Speaker 9: I've never.

832
00:44:50,280 --> 00:44:55,320
Speaker 10: That's never felt more underpaid than than than I do currently.

833
00:44:55,480 --> 00:45:01,680
Speaker 10: But I I think this is a clear signal that

834
00:45:01,800 --> 00:45:04,640
Speaker 10: things have gone too par far. When Elon can ask

835
00:45:04,719 --> 00:45:08,160
Speaker 10: his shareholders for a trillion dollar paycheck, or when Sam

836
00:45:08,239 --> 00:45:10,640
Speaker 10: Altman can say with a straight face that he needs

837
00:45:10,880 --> 00:45:13,760
Speaker 10: one and a half or two trillion dollars for AI

838
00:45:14,000 --> 00:45:19,000
Speaker 10: data centers. You know, money means nothing to these people, right,

839
00:45:19,120 --> 00:45:23,719
Speaker 10: things have gone way too far. But I mean this

840
00:45:23,880 --> 00:45:28,360
Speaker 10: is clearly late stage bubblism, right when everybody stops pretending

841
00:45:29,000 --> 00:45:33,680
Speaker 10: money means anything, money's meaningless. You know, it's just an

842
00:45:33,800 --> 00:45:39,040
Speaker 10: absolute disaster. It's cynical and just nonsense. But it's a replaces.

843
00:45:39,280 --> 00:45:42,239
Speaker 10: Well yeah, ye, sorry, this is one.

844
00:45:42,480 --> 00:45:45,120
Speaker 8: This is one the CNBC guy, because remember CNBC is

845
00:45:45,160 --> 00:45:47,680
Speaker 8: supposed to be cheerleaders for these companies.

846
00:45:47,960 --> 00:45:48,760
Speaker 6: That's what the companies.

847
00:45:48,800 --> 00:45:51,279
Speaker 8: You notice the advertising is off from these companies or

848
00:45:51,360 --> 00:45:54,319
Speaker 8: guys someone who stocks, so they're not going to sit

849
00:45:54,360 --> 00:45:56,800
Speaker 8: there and tell you the downside. When Elon makes the

850
00:45:56,840 --> 00:45:59,400
Speaker 8: things well medical all medicine, the future is gonna be robots.

851
00:45:59,480 --> 00:46:01,879
Speaker 8: And back to the guy's eyes are crossway. He didn't

852
00:46:01,880 --> 00:46:04,760
Speaker 8: exactly explain how that's gonna happen, but he's just tossing

853
00:46:04,840 --> 00:46:06,879
Speaker 8: it out there. On the day they got to prove

854
00:46:06,960 --> 00:46:10,120
Speaker 8: his they got to approve his his one trillion dollar

855
00:46:10,200 --> 00:46:12,960
Speaker 8: pay package. Philip, I want people to get to birch Gold.

856
00:46:13,040 --> 00:46:14,399
Speaker 8: I wanted to learn how to work with you guys.

857
00:46:14,480 --> 00:46:16,439
Speaker 8: Where they go very.

858
00:46:16,400 --> 00:46:20,040
Speaker 10: Simple, Birch Gold dot com forward slash fan and again

859
00:46:20,280 --> 00:46:24,200
Speaker 10: Birch Gold dot com forward slash fan and get the information,

860
00:46:24,480 --> 00:46:27,800
Speaker 10: a ton of good information. End of the Dollar Empire

861
00:46:27,880 --> 00:46:30,960
Speaker 10: reports how and why to invest in gold. It has

862
00:46:31,160 --> 00:46:34,319
Speaker 10: never been more important than it is today. And then

863
00:46:34,400 --> 00:46:36,239
Speaker 10: they can reach me on geta.

864
00:46:36,239 --> 00:46:41,400
Speaker 8: At Philippatrick, Philip Patrick, thank you so much for joining us.

865
00:46:41,400 --> 00:46:43,759
Speaker 8: Appreciation you appreciate all the work you know with Birch Gold.

866
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Speaker 8: Thank you for having me gold and learn the other

867
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Speaker 8: thing you do you take just take your phone out,

868
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Speaker 8: text ban and b A N N O at nine

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Speaker 8: eight nine eight nine eight get the Ultimate Guide. It

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Speaker 8: shows you about the IRA's for one kse all of it.

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Speaker 8: What they do is they flood the zone with information

872
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Speaker 8: to make sure that you've got it so you can

873
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Speaker 8: make rational decisions. Tomorrow, we've got a great six o'clock

874
00:47:08,680 --> 00:47:10,880
Speaker 8: hours to stick around. Tomorrow we're actually going to be

875
00:47:10,960 --> 00:47:14,040
Speaker 8: going between Children's Health Defense. I also if we can

876
00:47:14,080 --> 00:47:16,640
Speaker 8: pull it off. Don't know if you can pull it off,

877
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Speaker 8: because you're going to be at a factory doing a

878
00:47:19,120 --> 00:47:19,839
Speaker 8: factory tour.

879
00:47:20,040 --> 00:47:23,560
Speaker 6: But the Secretary of Treasury, Scott Bessen.

880
00:47:23,480 --> 00:47:25,160
Speaker 8: One of our old colleagues here and one of the

881
00:47:25,200 --> 00:47:28,160
Speaker 8: contributors to the war Room, is going to be there

882
00:47:28,200 --> 00:47:29,920
Speaker 8: and we're going to try to talk about this too,

883
00:47:30,239 --> 00:47:35,279
Speaker 8: both the big beautiful bill and the supply side tax

884
00:47:35,360 --> 00:47:39,960
Speaker 8: cut to bring capital equipment here, manufacturing back here right

885
00:47:40,200 --> 00:47:43,200
Speaker 8: the bet, plus what's happening in the Supreme Court on

886
00:47:43,320 --> 00:47:48,799
Speaker 8: the tariff and Trade deal, plus the focus on affordability

887
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Speaker 8: and bringing prices down, particularly the key remember the key

888
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Speaker 8: is to drive energy costs down by full spectrum energy

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Speaker 8: dominance case around second hours upon us the right stuff's

890
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Speaker 8: going to take us out. I want to thank the phones.

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Speaker 8: Home title lock right now, and remember you're lucky enough

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Speaker 8: to own a home. If you're lucky enough to own

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Speaker 8: a home, make sure that every dream you have that's

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Speaker 8: in that home does not turn to a nightmare.

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Speaker 6: What do you do?

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Speaker 8: Home title dock dot com promo code Steve. We were

897
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Speaker 8: trying to have Natalie Domingus on today. Didn't pull that off.

898
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Speaker 8: Maybe tomorrow. Love her, She's done such a great job.

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Speaker 8: Home title dock dot Com promo code Steve. Make sure

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Speaker 8: that no rogue AI cyber a rogue attorney, lawyer, friend

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Speaker 8: of the family, buddy of yours. Maybe significant other can

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Speaker 8: get their hands on that title and monetize it.

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Speaker 6: No no, no, no, no no no, that's only for you.

904
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Speaker 8: Home title dock dot com promo code Steve short break

905
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Speaker 8: back for the second hour.

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Speaker 6: Next