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Speaker 1: Harvard University, the oldest, most prominent university in the country.

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Speaker 2: What's your take on this.

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Speaker 3: Yeah, I mean it's a pretty serious threat and it

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Speaker 3: shows how vindictive Donald Trump can be when someone stands

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Speaker 3: up to him.

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Speaker 2: But you know, I've been on the phone all.

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Speaker 4: Day with people at Harvard and.

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Speaker 2: They're feeling like somebody had to do this.

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Speaker 3: I mean, you know, the Trump administration was cracking down

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Speaker 3: on law firms across the country, was cracking down on

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Speaker 3: institutions of higher learning, was going after the media, and

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Speaker 3: a lot of you know, these law firms and colleges

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Speaker 3: were settling and agreeing to the Trumble administration's terms and

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Speaker 3: making payments to him and so forth.

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Speaker 2: And they really.

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Speaker 4: Feel like somebody had to fight.

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Speaker 3: And somebody had to say, no, we're not going.

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Speaker 5: To We're not going to take this.

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Speaker 2: And if that means they.

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Speaker 3: Take you know, several billion dollars hit, well, maybe they're

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Speaker 3: the one institution that's rich enough and powerful enough that

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Speaker 3: can stand up for themselves and in doing so inspire

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Speaker 3: others to do so. Yes, there's a serious threat against them,

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Speaker 3: and they're putting a lot on the line by fighting,

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Speaker 3: but they feel that they're inspiring others to do the same.

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Speaker 6: From ordinary Americans suggest to me that they have a

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Speaker 6: keen understanding that when you start violating due process for

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Speaker 6: any human beings, even if they are not a citizen,

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Speaker 6: that threatens all of us, that threatens the entire system.

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Speaker 6: And I'm encouraged.

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Speaker 2: By that as well. But kill mar Garcia.

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Speaker 6: I hope that Trump is miscalculated, And to your point, Mika,

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Speaker 6: there's some evidence that maybe has. But what concerns me

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Speaker 6: even more though, is if this is not a constitutional crisis,

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Speaker 6: what does a constitutional crisis then look like? And is

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Speaker 6: this a test case, a trial run for the Trump

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Speaker 6: administration to try and do this with a US citizen,

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Speaker 6: to try and defy Supreme Court orders on social security,

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Speaker 6: on DOGE, on any manner.

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Speaker 2: Of other issues that.

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Speaker 6: Are at the heart of our democracy for ordinary Americans.

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Speaker 2: And so.

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Speaker 6: If the system cannot hold now for kilmar Garcia, will

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Speaker 6: it hold for the rest of us?

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Speaker 2: And that is the question.

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Speaker 7: In so doing, it is continuing to press this argument

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Speaker 7: that should terrify everyone, which is that the government can

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Speaker 7: abduct any person off the street, and as long as

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Speaker 7: it ships them to a foreign prison fast enough, then

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Speaker 7: there is nothing that federal courts can do to bring

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Speaker 7: them back. That argument does not end with non citizens

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Speaker 7: or undocumented people or even green card holders. That argument

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Speaker 7: would extend to natural born American citizens, and it would

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Speaker 7: mean that the governments could take you, throw you into

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Speaker 7: a foreign prison, and then disclaim all responsibility over bringing

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Speaker 7: you back.

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Speaker 2: Even if it did so by mistake, because it.

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Speaker 7: Doesn't want to ask and it doesn't have any obligation to.

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Speaker 7: That is something that should chill everybody to the bone,

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Speaker 7: because I think it really represents the end of due

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Speaker 7: process in this country.

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Speaker 8: Well in my day, in my experience, Whi's been a

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Speaker 8: couple of years in this.

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Speaker 5: Game, in an out of government.

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Speaker 8: I thought it was the Republicans that wanted lower taxes

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Speaker 8: and the Democrats that wanted higher taxes. Oh, I guess

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Speaker 8: that's not always true. I thought the Republicans wanted to

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Speaker 8: reward success, not punishing it. This loose talk about a

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Speaker 8: higher top another new bracket for millionaires. I don't think

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Speaker 8: it's a crime to be a millionaire. By the way,

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Speaker 8: small businesses would pay this top bracket. I do not

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Speaker 8: understand this. I can't believe mister Trump's going to go

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Speaker 8: along with this. He campaigned on you know, extending his

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Speaker 8: tax cuts, adding some great middle class tax cuts on tips.

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Speaker 2: And overtime and seniors. That's all good.

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Speaker 8: Lowering the corporate rate if it's made in America to

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Speaker 8: fifteen percent, that's a great inducement for people to onshore.

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Speaker 5: That's what he wants.

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Speaker 8: Why would he want to penalize successful investors, successful people

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Speaker 8: who are helping to onshore and successful small businesses that

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Speaker 8: strike it hot. I don't understand, and I can't believe

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Speaker 8: what I'm hearing. That's giving me a headache. All tax

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Speaker 8: station should be tax cut d.

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Speaker 1: A surprising shift for the Republican Party, some lawmakers are

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Speaker 1: actively discussing the possibility of raising taxes on the wealthy

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Speaker 1: to help fund their agenda. NBC News reports raising taxes

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Speaker 1: on billionaires, a distinctly progressive policy, has been gaining some

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Speaker 1: momentum among conservatives on capital l A sizable wing of

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Speaker 1: the Republican Party staunchley against the proposal. Let's bring in

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Speaker 1: one of the reporters behind that report. NBC News senior

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Speaker 1: national political reporter saw heilkpor saw, Hell, what are you

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Speaker 1: hearing on the hill?

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Speaker 9: Hey, Mika, Well, this really feels like a hell freezing

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Speaker 9: over a moment, Republicans are actually talking about accepting a

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Speaker 9: tax hike on the rich. Senior GP lawmakers saw me

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Speaker 9: their debating whether to let the tax rate on the

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Speaker 9: highest earners go up from thirty seven percent to thirty

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Speaker 9: nine point six percent when the Trump tax cuts of

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Speaker 9: twenty seventeen expire at the end of this year. Now,

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Speaker 9: this idea would have been unthinkable over the last two

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Speaker 9: generations in a party that has been deeply devoted to

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Speaker 9: lower taxes, including on the most wealthy Americans or as

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Speaker 9: they call them, job creators. And yet Senator Mike Crapo,

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Speaker 9: the chairman of the Tax Writing Finance Committee, told me

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Speaker 9: he's listening to his colleagues on this one and kept

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Speaker 9: the door open. Senator Kevin Kramer said it's come up

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Speaker 9: in private meetings as well. He said, quote, it's just

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Speaker 9: so fun to be a Republican these days, just to

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Speaker 9: watch the transformation where suddenly people are going, why do

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Speaker 9: we worry so much about that? That being higher taxes

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Speaker 9: on the rich? He went on to say, there's a

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Speaker 9: populism growing in the party, even among those of us

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Speaker 9: with powdered Wigso, so what's driving this two things specifically, First,

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Speaker 9: Republicans are struggling to find ways to pay for the

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Speaker 9: multi trillion dollar cost of this bill. Higher taxes than

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Speaker 9: the wealthy would help with that. And second, the party's

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Speaker 9: coalition is evolving, becoming less affluent more working class, leading

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Speaker 9: some to wonder whether they need to rethink their priorities.

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Speaker 2: Steve Bennon, the former.

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Speaker 9: Trump official turned MAGA activist, told my co author for

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Speaker 9: the story, Peter Nicholas, that Speaker Mike Johnson needs to

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Speaker 9: focus on actually cutting spending dramatically and raising taxes on

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Speaker 9: the wealthy.

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Speaker 2: This is the primal scream of a dying regime. Pray

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Speaker 2: for our enemies because we're going to medieval with these people.

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Speaker 4: There's not got a free shot. All these networks lying

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Speaker 4: about the people. The people have had a belly full

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Speaker 4: of it.

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Speaker 2: I know you don't like garing that. I know you

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Speaker 2: tried to do everything in the world of stuff, but

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Speaker 2: you're not going to stop it. It's going to happen.

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Speaker 2: And where do people like that go to share the

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Speaker 2: big line?

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Speaker 5: Mega media?

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Speaker 2: I wish in my soul, I wish that any of

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Speaker 2: these people at a conscience ask yourself, what is my task?

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Speaker 4: 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 5: War room, use your host CKA.

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Speaker 2: It's Wednesday, sixteen April on the Arverler twenty twenty five.

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Speaker 2: So multiple fronts on the war against President Trump's second

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Speaker 2: term or what he's doing.

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Speaker 4: You see that.

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Speaker 2: Strategically, what the Democrats are doing is they're focused on

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Speaker 2: where they think they have traction, and that is in

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Speaker 2: the courts, and continue.

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Speaker 4: To come out to the president drum the courts.

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Speaker 2: Another kind of constitutional crisis where you send these terrorists,

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Speaker 2: this groups has been designated a terrorist group, and you

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Speaker 2: send these people down to Central America, affect this guy's

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Speaker 2: at El Salvador and he sent them to a prison.

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Speaker 2: And this is all the Democratic Party all day long

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Speaker 2: is making a huge deal about. Fine, make your deal,

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Speaker 2: make a big deal about that. Focus on that. We

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Speaker 2: want you focus on that. If that's the constitutional crisis

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Speaker 2: you want, Hey, you got it, go ahead, focus on that.

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Speaker 2: That's a ninety ten issue of the American people. And

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Speaker 2: all this Yamoren and Yamen and Yemenen about these very

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Speaker 2: dangerous criminals that have terrorized American citizens, working class Hispanics

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Speaker 2: and particularly working class African Americans that have terrorized them

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Speaker 2: being shipped out of the country because they're illegal aliens, invaders.

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Speaker 2: And you're getting in the middle of President Trump's constitutional mandate.

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Speaker 2: And Article two of being a commander in chief is

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Speaker 2: back to the unitary executive theory, or as Warren Posse

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Speaker 2: informs me all the time, it is just his Article

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Speaker 2: two powers.

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Speaker 4: So that's their play.

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Speaker 2: The bigger in the more profound, because that's just yammoring

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Speaker 2: at Trump's heels. And they have one hundred and fifty

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Speaker 2: suits today. Now they're suing about his tariffs, his economic

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Speaker 2: repositioning of the commercial relationships of the United States to

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Speaker 2: the world. You've got Gavin Newsom, who is running in

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Speaker 2: twenty twenty eight. Gavin Newsom's now suing the President from

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Speaker 2: the state of California as the governor, coming against the

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Speaker 2: tariffs right.

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Speaker 4: In this and this is why we have to get

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Speaker 4: messaging Sharper.

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Speaker 2: There's a great tweet out today from was it Walter

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Speaker 2: Bloomberg that talks about some messaging that happened this morning

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Speaker 2: that was quite off message where we put out that

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Speaker 2: the Chinese do we have the Walter Bloomberg, can we

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Speaker 2: put that up in Denver, because I don't only have

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Speaker 2: it in front of me. We're dealing with so much stuff.

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Speaker 4: Now, is that.

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Speaker 2: You have They said up to two hundred and forty

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Speaker 2: five percent teriffs, Well that was adding you know the

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Speaker 2: one forty five and you know what's already there for

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Speaker 2: the twenty and it's very confusing. I think the White

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Speaker 2: House had to be very specific. It should be putting

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Speaker 2: out talking points every day in the var These guys

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Speaker 2: have to come out because right now this is not

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Speaker 2: about tariffs and not about trade.

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Speaker 4: It's much deeper.

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Speaker 2: This is we're engaged in now economic war with the

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Speaker 2: Chinese Compries Party. This is Captain Finel says, keep the

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Speaker 2: main thing, the main thing.

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Speaker 4: This is the main thing.

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Speaker 2: There's so much else happening, and we will make sure

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Speaker 2: that you understand it. Like going after the universities, these

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Speaker 2: woke universities and cutting off your money. Well of the

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Speaker 2: central parts of all of that, whether it's the law firms, universities,

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Speaker 2: it's all related to your money. They only survive if

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Speaker 2: they're feeding at the trough of government spending. This is

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Speaker 2: the power President Trump has is to cut off the spending.

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Speaker 2: That's where we're even having this debate. This is also

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Speaker 2: the debate we're having about the economic war with China.

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Speaker 2: This is about what your government's been doing and how

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Speaker 2: it's been exposing American workers in this country. In President

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Speaker 2: Trump is now finally standing up for this. It is

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Speaker 2: as we came on today. Gold is at thirty three twenty. Yes,

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Speaker 2: I said thirty three twenty. That's three three hundred and

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Speaker 2: twenty bucks. You go, no, no, understand, that must be wrong.

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Speaker 2: You mean thirty two hundred. No, I do not mean

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Speaker 2: thirty two hundred, mean thirty three hundred. We also tell

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Speaker 2: it's not the price of goal, it's the process. People

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Speaker 2: are heading to gold because they see that this conflict

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Speaker 2: and they see it's going up the escalatory latter. I

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Speaker 2: think it's safe to say now I don't think I

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Speaker 2: overstate the case that there's kind of an embargo on

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Speaker 2: both sides. We're now at the stage of the trade board.

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Speaker 2: You have to see clear here and through the fogger war,

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Speaker 2: you have to understand exactly where we are. I think

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Speaker 2: we're close to the embargo phase between both nations, and

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Speaker 2: it almost has to get to this in a throwdown

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Speaker 2: to understand that we're both sides stand on this. This

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Speaker 2: fight had to come. We've been arguing about this for

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Speaker 2: years and years and years. The Chinese Commuties Party, finance

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Speaker 2: by Wall Street, financed by the corporations, finance by Silicon Valley,

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Speaker 2: has grown in such power and taken so many jobs

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Speaker 2: and so much of our basic supply chain and control.

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Speaker 2: They have strategic stranglehold.

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Speaker 4: On the United States. But what do you mean by that,

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Speaker 4: Steve Well?

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Speaker 2: Rare earth, which I say is just dirt because it

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Speaker 2: is just dirt, but it's the processing of it. It's

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Speaker 2: quite what I say, filthy dirty. That's why it's not

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Speaker 2: done the United States. We have rare earths. There's rare

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Speaker 2: earths all over the world. They process it because they

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Speaker 2: don't care about the environment. Magnets which we've allowed strategically

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Speaker 2: to make the magnets ball bearings, the ball bearings. They

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Speaker 2: are imposing now restrictions also on just other things. As

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Speaker 2: we put these tariffs up, we are countering at the

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Speaker 2: same time. Navidia, And this is why I think my

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Speaker 2: strongest recommendation of the White House we should get ahead

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Speaker 2: of these things. Navidia announces in basically a press release

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Speaker 2: that there been new licensing requires put in by the

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Speaker 2: US government.

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Speaker 4: We already block.

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Speaker 2: I think it's Navidia one hundred chip, the highest, most

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Speaker 2: powerful trip they have has been restricted in selling to China.

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Speaker 2: They did deep seek I think off the twenty, so

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Speaker 2: China needs that as much as they need oxygen. There's

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Speaker 2: an announcement last night impact into the stock market and

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Speaker 2: a fleeing to gold as a safe haven that we

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Speaker 2: are putting new licensing requirements that we did not delineate

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Speaker 2: of what they are to restrict the sale of that

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Speaker 2: chip for to China. The Chinese Commanist Party and their companies.

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Speaker 2: That would essentially choke down their ability to further where

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Speaker 2: they're heading under AI dominance. This is not a small thing.

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Speaker 2: This is I think the equivalent if the license. We

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Speaker 2: don't know the details, but if it's as hard as

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Speaker 2: it sounds like, it could be the equivalent of cutting

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Speaker 2: Japan off from oil in.

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Speaker 4: August in nineteen forty one.

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Speaker 2: I'll go into more detail as we walk through the

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Speaker 2: entire economic war between the Chinese Counties Party and the

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Speaker 2: United States of America. Next America, Did you see the

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Speaker 2: China breakdown?

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Speaker 4: On this page?

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Speaker 11: Seven of their dick twenty percent went to China. We

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Speaker 11: used to be forty one what is it? Maybe ten

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Speaker 11: maybe a SML Dutch company.

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Speaker 10: But obviously it's a lithography that is so important.

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Speaker 5: Are able to ask these.

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Speaker 10: Chips, you know, talking about at a microscopic level, and

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Speaker 10: it is originally US technology from way back, So we

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Speaker 10: do have some still have some level of elements of

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Speaker 10: control over what who they can and can't sell to.

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Speaker 2: I believe right, Yes, I look, I think that.

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Speaker 11: But again I come back to the idea that someone

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Speaker 11: could look at this city in the government and say,

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Speaker 11: wait a second, what is it twenty China.

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Speaker 2: Well, you know, here's what I'm doing to that.

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Speaker 10: Yeah, I mean, by the way, it's not clear that

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Speaker 10: the Chinese are not developing their own they are developing

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Speaker 10: their own body.

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Speaker 4: Yes, that they are developing their.

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Speaker 2: Own chip making ability.

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Speaker 10: You given their cyber espionage capability, it's always unclear or

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Speaker 10: exactly how much they've stolen.

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Speaker 11: I know every Death by China they're very good.

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Speaker 2: I'm mentioning this this morning.

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Speaker 4: The book had had the biggest.

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Speaker 2: Influence on their life. In twenty eleven. I got Death

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Speaker 2: by China.

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Speaker 11: When you stop and the book is about Navarrow and

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Speaker 11: it's basically.

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Speaker 5: About World War three.

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Speaker 2: I just mentioned that.

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Speaker 5: I'm adding that Graham Allison talks about World War three.

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Speaker 5: He is one of my professors.

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Speaker 11: So hey, listen, No, you can't even it's not even

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Speaker 11: stock right now.

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Speaker 2: But Death by China.

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Speaker 11: Just talks about their grand plan to take us ober.

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Speaker 11: And when you go back and read it, it's more

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Speaker 11: cogent than you thought. It's It's like ghost Ship, which

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Speaker 11: is one that's de Mark Benioff gave me about how

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Speaker 11: our navy eventually can be made of all Chinese chips

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Speaker 11: and we go to use it against the Chinese and

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Speaker 11: nothing happens.

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Speaker 10: Right, Well, there are areas that we absolutely need to

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Speaker 10: build up in our country.

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Speaker 2: Twenty billions? Is this the book?

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Speaker 4: Is this where run our shows up?

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Speaker 11: There's some aspects of of of Peter that I find frustrating.

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Speaker 11: But you know what, go back and read hammle Hamil

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Speaker 11: used to make up.

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Speaker 2: And you'll see what I can do.

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Speaker 11: To him, you know, And I don't agree with mister

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Speaker 11: forty seven thousand children that you should have called.

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Speaker 2: You see there that is the premiere business channel. And

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Speaker 2: then I say, all the Bloomberg's the real business channel.

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Speaker 2: That's the NBC right there in the middle of one

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Speaker 2: of the most profound events in modern American history.

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Speaker 4: Because, folks, we're in it now.

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Speaker 2: They're talking like you wouldn't even say, that's a college

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Speaker 2: bull session, that's like children Death by China. Why is

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Speaker 2: Peter Navar so prominent? Why's Peter and Navara of the

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Speaker 2: Coast the show? Why have we had Peter and Navara

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Speaker 2: on here every couple of days for four years? Our

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Speaker 2: co host? Death by China is actually a roadmap. It's

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Speaker 2: a very serious book by a very serious person. The

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Speaker 2: people you saw right there are not serious. This is

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Speaker 2: the problem I have with the elites in this country.

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Speaker 2: Two problems. Number one, they've put money in front of

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Speaker 2: their nation and a head of duty to their country

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Speaker 2: and duty to their fellow citizens. And understand, libertarians, oh,

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Speaker 2: it's just to yourself, what this is what you end

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Speaker 2: up with? The elites in this country are corrupt from

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Speaker 2: top to bottom. They have sold out their nation for money,

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Speaker 2: the lords of easy money on Wall Street, the heads

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Speaker 2: and the giant corporatis. You saw this during the DEI

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Speaker 2: when they thought they had the power to crush the

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Speaker 2: Maga movement, to crush Trump, to crush traditional American values.

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Speaker 4: You saw it.

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Speaker 2: This is what they've done also with China in business

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Speaker 2: with them and Silicon Valley, Sequoia Capital, and the psychopathic

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Speaker 2: nerds that run the apartheit state. That's what Trump's up against.

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Speaker 2: That's what you're up against. Let's make sure we understand

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Speaker 2: exactly what this is about. It maybe wouldn't even be

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Speaker 2: as bad, but the lack of maturity, the lack of

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Speaker 2: the understanding of the moment and how we got here

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Speaker 2: and how important this is, and right there, back and forth,

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Speaker 2: just like on one of the most important days, when

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Speaker 2: you know, now there is a methodology to go up

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Speaker 2: the escalatory ladder. Take your number two princil out and

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Speaker 2: write that phrase down escalatory ladder, because we're going up

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Speaker 2: and I'm all for it. But if you want to

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Speaker 2: climb off, you got to have a discussion. And President

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Speaker 2: she is not going to pick the phone up and

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Speaker 2: call you and say, hey, let's get together for a

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Speaker 2: cup of tea and you have a diet soda. I

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Speaker 2: have a cup of tea and we'll sit down and

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Speaker 2: figure this thing out. He's not going to do that.

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Speaker 2: I don't think I'd be stunned because I'm the so

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Speaker 2: sure he'd be around if he did do that. It

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Speaker 2: has to come some other way. Maybe it can come

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Speaker 2: some other way. But we're heading down now when they're

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Speaker 2: cutting us off, and people have to understand, I believe

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Speaker 2: we're to total embargo. To make it even a better embargo,

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Speaker 2: and let's expand this out strategically to the Persians. I

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Speaker 2: don't understand why we're even discussing things where we're reviewing

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Speaker 2: what they do the program without a military strike, and

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Speaker 2: you do not need a military strike, and people using

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Speaker 2: loose talk about a military strike and bbkiming over here

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Speaker 2: instead of pushing people to a military strike, We're not

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Speaker 2: going to have a military strike. We don't need to.

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Speaker 2: We can economically isolate and bring to their knees these

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Speaker 2: crazy mullahs that are running Persia. The simple way to

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Speaker 2: do it and bring both get the attention of both

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Speaker 2: is they ship two million barrels, not one point six.

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Speaker 4: They ship two million barrels of all per.

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Speaker 2: Day to the Chinese Communist Party to fuel the Chinese

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Speaker 2: companies party. Their biggest, most important deal is with Persia.

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Speaker 2: That oil comes out of the Persian Gulf through the

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Speaker 2: straits of Hermus as a young man. I was on

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Speaker 2: those battlegroups. Outside of that in the North Arabian Sea,

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Speaker 2: they can be quickly turned around and said, you're going

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Speaker 2: back to Persia. You're not going to go across the

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Speaker 2: Indian Ocean, past Derisia, through the Straits of Malacca, through

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Speaker 2: the South China Sea up to China and deliver your oil.

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Speaker 2: We're not going to do that. We're not playing that game,

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Speaker 2: and you're going to dismantle and we're going to dismantle

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Speaker 2: it with you, your nuclear program, all of it. One

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Speaker 2: thing on the military side, people don't understand. A military

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Speaker 2: strike in there is not clean. It's not a military

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Speaker 2: strike without even infantry or ground forces. It would be horrific.

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Speaker 2: It would draw us into the biggest war in the

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Speaker 2: Middle East. It would overwhelm what happened in Iraq and

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Speaker 2: overwhelm what happened in Afghanistan. You'd be in a good

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Speaker 2: old ground war, a real ground war, not a three

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Speaker 2: week run up to Baghdad. That can't happen, It doesn't

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Speaker 2: need to happen. As soon as we get focused on

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Speaker 2: what we need to do here. We are now engaged

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Speaker 2: fully in an economic war with the Chinese.

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Speaker 4: Commis Party, which.

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Speaker 2: Has been brewing for many, many years, and they've been

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Speaker 2: at war with us.

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Speaker 4: And now you see, you wake up.

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Speaker 2: What we've been preaching on the show for year after

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Speaker 2: year after year is look at the strategic high ground

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Speaker 2: they have because American industry allowed it. There are three

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Speaker 2: deficits to keep in mind. It's the two tradeon dollar.

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Speaker 2: Every year we're running here right, two train immediately goes

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Speaker 2: up onto your national debt and you have to continue.

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Speaker 4: Pay for it because you're never going to pay back.

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Speaker 2: You're never going to pay back a penny of the

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Speaker 2: face them out of the debt, not currently how we're structured.

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Speaker 2: It's also the twenty five tradion dollar trade deficit. That

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Speaker 2: means money we've sent to China, eighteen train of it

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Speaker 2: dealing directly with the Chinese companies party. We've sent eighteen

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Speaker 2: trallion dollars to them to build their economy in buying

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Speaker 2: finished product from it.

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Speaker 4: And that's that's the net.

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Speaker 2: That's the trade deficit that takes all the sorghum and soybeans.

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Speaker 2: Because we're like a colony, we're just a colony. We

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Speaker 2: send them raw materials and agricultural products and maybe some

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Speaker 2: finish goods like the advanced chip design.

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Speaker 4: But the one don't miss.

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Speaker 2: And they said at the end, oh, cyber esciony they've

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Speaker 2: stolen thirty trillion dollars. They've stolen or we've given them

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Speaker 2: thirty trillion dollars of intellectual property. They are nothing as

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Speaker 2: an industrial power, nothing if we had not willingly either

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Speaker 2: look the other way, they're stealing it and look at

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Speaker 2: good just Google and read all the news accounts. Companies

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Speaker 2: will say, well, I couldn't say anything because we would

439
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Speaker 2: be banned forever and our government would back us up.

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Speaker 2: So all the university research that you paid for, all

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Speaker 2: the small companies that your pension funds, your pension money

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Speaker 2: in venture capital, private equity, in money markets that got

443
00:24:08,840 --> 00:24:12,679
Speaker 2: these companies. Capital got them and let them thrive, American companies,

444
00:24:12,720 --> 00:24:17,040
Speaker 2: not Chinese companies. American companies let them thrive. The intellectual

445
00:24:17,040 --> 00:24:20,000
Speaker 2: property was stolen. To do a deal in China, you

446
00:24:20,040 --> 00:24:21,760
Speaker 2: had to agree to do a joint venture. Would you

447
00:24:21,760 --> 00:24:24,320
Speaker 2: would put your intellectual property in it to get access

448
00:24:24,359 --> 00:24:27,280
Speaker 2: to that market? And the elites in the United States

449
00:24:27,520 --> 00:24:32,199
Speaker 2: stood by and let that happen. You want to know

450
00:24:32,240 --> 00:24:33,880
Speaker 2: why we're in a jam now? And all of a sudden,

451
00:24:33,920 --> 00:24:36,960
Speaker 2: you got magnets and ball bearings, and guess what, Jace Medical,

452
00:24:37,400 --> 00:24:41,040
Speaker 2: you got the active pharmaceutical and ingredients and all the generics.

453
00:24:41,080 --> 00:24:43,280
Speaker 2: And now the Chinese are saying every day, may cut

454
00:24:43,280 --> 00:24:46,840
Speaker 2: off pharmaceuticals. How many years are we warning you about that?

455
00:24:49,400 --> 00:24:53,720
Speaker 2: These people play for keeps, They play smash mouth. China

456
00:24:53,760 --> 00:24:56,320
Speaker 2: has been around for what ten thousand years? This is

457
00:24:56,440 --> 00:25:01,800
Speaker 2: just another dynasty. She's nothing but another emperor. He's not

458
00:25:01,840 --> 00:25:05,359
Speaker 2: elected by anybody, doesn't have any popular support. Beneath it.

459
00:25:06,320 --> 00:25:08,520
Speaker 2: They live in fear like they live in fear of

460
00:25:08,520 --> 00:25:13,160
Speaker 2: the of the empress, and the empress had just as

461
00:25:13,200 --> 00:25:16,920
Speaker 2: a terrible You know, they don't care how many Chinese people,

462
00:25:16,960 --> 00:25:21,360
Speaker 2: how many law Baijing were killed or murdered and in

463
00:25:21,400 --> 00:25:29,840
Speaker 2: their reigns not relevant. We're in it now, but we

464
00:25:29,920 --> 00:25:32,160
Speaker 2: have to understand exactly where we're in it, and it's

465
00:25:32,200 --> 00:25:37,120
Speaker 2: incumbent upon the administration. I think to basically delineate exactly

466
00:25:37,200 --> 00:25:38,919
Speaker 2: where we stand in this thing and what is the

467
00:25:38,960 --> 00:25:43,800
Speaker 2: bid in the ask because we're going up the escalatory ladder,

468
00:25:43,880 --> 00:25:46,600
Speaker 2: of which I agree with, but I think that needs

469
00:25:46,600 --> 00:25:48,719
Speaker 2: to be defined to the American people, say I got this.

470
00:25:48,840 --> 00:25:53,119
Speaker 2: I understand it. I understand what this fight's about. This

471
00:25:53,200 --> 00:25:55,760
Speaker 2: is about bringing back jobs. It's also it's about bringing

472
00:25:55,800 --> 00:25:59,520
Speaker 2: back high manufacturing job, high value EDIT manufacturing jobs. It's

473
00:25:59,560 --> 00:26:05,400
Speaker 2: also a about having the elites stop selling out this country.

474
00:26:05,800 --> 00:26:09,960
Speaker 2: That's the elites that one of the tax breaks. We're

475
00:26:10,000 --> 00:26:13,679
Speaker 2: gonna get to this when I get back. This is

476
00:26:13,760 --> 00:26:20,520
Speaker 2: all inextricably linked, as it should be. And yes, speaker Johnson,

477
00:26:20,560 --> 00:26:26,520
Speaker 2: you should be thinking about cutting the vast spending that

478
00:26:26,680 --> 00:26:28,600
Speaker 2: is out of control. How out of control is it?

479
00:26:28,600 --> 00:26:31,720
Speaker 2: In the first six months, the deficit is one point

480
00:26:31,760 --> 00:26:37,399
Speaker 2: three trillion dollars And Johnson, you pushed doing the premiec

481
00:26:37,520 --> 00:26:41,439
Speaker 2: are Okay, we're here, I am projecting and we have

482
00:26:41,520 --> 00:26:43,560
Speaker 2: not been wrong on a number in four years that

483
00:26:43,640 --> 00:26:45,840
Speaker 2: the deficit this year will be two point five tride

484
00:26:45,840 --> 00:26:46,640
Speaker 2: and not two trie.

485
00:26:46,440 --> 00:26:49,560
Speaker 4: And we're gonna blow through that. We're gonna blow through that.

486
00:26:50,840 --> 00:26:54,160
Speaker 4: We're going to blow through that short break.

487
00:27:00,240 --> 00:27:02,640
Speaker 5: To confuse your host, Stephen.

488
00:27:02,280 --> 00:27:07,440
Speaker 2: K back the trade deficit with because you're going to

489
00:27:07,480 --> 00:27:09,919
Speaker 2: hear from the lads. Oh, it's just an accounting thing,

490
00:27:09,960 --> 00:27:13,439
Speaker 2: don't worry about No, that's a total lie. As Lou

491
00:27:13,520 --> 00:27:16,840
Speaker 2: Dobbs told you, is President Trump polieves is not? It

492
00:27:16,920 --> 00:27:20,600
Speaker 2: shows you how deep the problem is that we're colony

493
00:27:20,840 --> 00:27:26,359
Speaker 2: of the Chinese companies party, an economic colony, that trade

494
00:27:26,440 --> 00:27:30,000
Speaker 2: deficit of the of the twenty five trillion, right, and

495
00:27:30,080 --> 00:27:32,560
Speaker 2: let's just take let's just take the eighteen that's assigned

496
00:27:32,560 --> 00:27:36,680
Speaker 2: to China added to the twenty five or thirty, because

497
00:27:36,720 --> 00:27:39,639
Speaker 2: it's six hundred bion dollars a year, that's the best estimate.

498
00:27:39,680 --> 00:27:42,080
Speaker 2: We have six hundred bion a year of stolen intellectual

499
00:27:42,080 --> 00:27:45,199
Speaker 2: property that you paid for either through taxes to universities

500
00:27:45,200 --> 00:27:48,320
Speaker 2: and or the companies essentially given and what they call

501
00:27:48,440 --> 00:27:49,640
Speaker 2: cyber espionage.

502
00:27:51,040 --> 00:27:52,520
Speaker 4: It's not so much espionage.

503
00:27:52,880 --> 00:27:55,240
Speaker 2: Yeah, some of it was stolen industrial espionage, some stolen,

504
00:27:55,240 --> 00:27:58,399
Speaker 2: but a lot of was just given because the rules

505
00:27:58,400 --> 00:28:01,000
Speaker 2: were you had to turn over your intellectual property to

506
00:28:01,040 --> 00:28:02,879
Speaker 2: get access to the market in China, and people were

507
00:28:02,880 --> 00:28:04,359
Speaker 2: fine with it. The elites are fine with that because

508
00:28:04,359 --> 00:28:06,679
Speaker 2: they're going to make more money in China than they

509
00:28:06,680 --> 00:28:13,520
Speaker 2: were here the colony. You add those two together, that's

510
00:28:13,520 --> 00:28:16,080
Speaker 2: one of the reasons you have the budget deficit. Why,

511
00:28:16,240 --> 00:28:19,439
Speaker 2: because you're not having high value at a job, so

512
00:28:19,400 --> 00:28:23,440
Speaker 2: you don't generate enough tax revenue. People don't have better

513
00:28:23,440 --> 00:28:25,440
Speaker 2: paying jobs, so they don't get better pay they can't

514
00:28:25,440 --> 00:28:29,560
Speaker 2: pay more taxes. And in addition, guess what, the companies

515
00:28:29,600 --> 00:28:31,719
Speaker 2: aren't paying healthcare. They're not doing this. So that's why

516
00:28:31,880 --> 00:28:34,879
Speaker 2: Medicaid such a big deal. And today you have twenty

517
00:28:34,920 --> 00:28:39,680
Speaker 2: four I think Congress would have told Johnson Republicans that

518
00:28:39,720 --> 00:28:41,040
Speaker 2: we just can't go in with a meat action and

519
00:28:41,080 --> 00:28:43,200
Speaker 2: cut medicaid. You got to be very smart about this. Why,

520
00:28:45,040 --> 00:28:47,080
Speaker 2: as I've been saying for a long time, just look

521
00:28:47,120 --> 00:28:50,920
Speaker 2: at it. There's a ton of maga of working class folks,

522
00:28:51,040 --> 00:28:55,240
Speaker 2: Hispanic black and whites that are on Medicaid, that are working,

523
00:28:56,280 --> 00:28:59,160
Speaker 2: not sitting there gaming the system, not asking for a handout.

524
00:28:59,720 --> 00:29:03,200
Speaker 2: Why because the jobs don't pay enough. Why don't the

525
00:29:03,280 --> 00:29:05,240
Speaker 2: job's not pay enough? Oh, let me go back to

526
00:29:05,280 --> 00:29:11,280
Speaker 2: the trade deficit. The reason this has happened is not astrophysics,

527
00:29:11,360 --> 00:29:14,400
Speaker 2: and it's not a natural law of the universe of property.

528
00:29:14,440 --> 00:29:18,040
Speaker 2: It's not the second law of thermodynamics that made this

529
00:29:18,480 --> 00:29:21,280
Speaker 2: like had to happen. If you listen to Paul Ryan,

530
00:29:21,400 --> 00:29:24,320
Speaker 2: if you listen to all these Republicans for years who

531
00:29:24,360 --> 00:29:27,520
Speaker 2: were controlled opposition, who made money and got us in

532
00:29:27,560 --> 00:29:31,960
Speaker 2: the situation because they didn't stop the oligarchs and the

533
00:29:32,040 --> 00:29:35,920
Speaker 2: elites from doing this, and they were an active party

534
00:29:36,080 --> 00:29:40,200
Speaker 2: to it. You would think it's just a natural property.

535
00:29:40,400 --> 00:29:43,320
Speaker 2: But this is the free trade. This is how works now.

536
00:29:43,400 --> 00:29:46,840
Speaker 2: It's a mercantilist system. It's what Adam Smith actually warned

537
00:29:46,880 --> 00:29:49,760
Speaker 2: us about. It's what the patriots we're leading up. What

538
00:29:49,920 --> 00:29:56,640
Speaker 2: is Saturday? Saturday is the two hundred and fiftieth what

539
00:29:56,760 --> 00:29:59,800
Speaker 2: a quarter of a millennia, two hundred and fiftieth and

540
00:29:59,840 --> 00:30:02,600
Speaker 2: of versary of our patriots have finally had a belly

541
00:30:02,600 --> 00:30:06,320
Speaker 2: full of it, the handful of them against an empire.

542
00:30:06,360 --> 00:30:10,320
Speaker 2: And what was that empire? Against a worthless landed aristocracy

543
00:30:10,400 --> 00:30:14,240
Speaker 2: that had corrupted commons just like the House of Representatives

544
00:30:14,240 --> 00:30:19,320
Speaker 2: in congresses corrupted. They bought and paid for him. So

545
00:30:19,360 --> 00:30:21,160
Speaker 2: it wasn't what Englishmen had fought for.

546
00:30:22,120 --> 00:30:22,360
Speaker 5: Oh.

547
00:30:22,440 --> 00:30:25,800
Speaker 2: In addition, the crown was able to give monopolistic power.

548
00:30:26,240 --> 00:30:29,080
Speaker 2: The things like the British East India Company, the ship

549
00:30:29,120 --> 00:30:31,480
Speaker 2: that was in Boston Harbor that had the tee thrown off.

550
00:30:31,480 --> 00:30:36,000
Speaker 2: It was the East India Company had a monopoly. I

551
00:30:36,000 --> 00:30:39,600
Speaker 2: guess who were the leaders of that To get it rolling. Oh,

552
00:30:39,720 --> 00:30:45,960
Speaker 2: John Hancock and Sam Adams a couple of freebooters. Heretofore

553
00:30:46,000 --> 00:30:48,960
Speaker 2: may be referred to as smugglers who wanted to go

554
00:30:49,040 --> 00:30:54,480
Speaker 2: around the system, not want to pay the tariff put

555
00:30:54,520 --> 00:31:01,160
Speaker 2: in to kind of because monopolistic power. That it's our heritage.

556
00:31:01,920 --> 00:31:04,880
Speaker 2: What do you think got them fired up at Lexington Common?

557
00:31:09,640 --> 00:31:12,800
Speaker 2: What do you think got them fired up in the

558
00:31:12,840 --> 00:31:16,040
Speaker 2: Bridge of Concord where Emerson came back one hundred years

559
00:31:16,080 --> 00:31:18,920
Speaker 2: later and wrote that magnificent poem about what they stood

560
00:31:19,000 --> 00:31:22,800
Speaker 2: for that resonates down through every page's grave to modern

561
00:31:22,800 --> 00:31:27,400
Speaker 2: time itself. That's what this fight's about. It's the same fight,

562
00:31:29,400 --> 00:31:31,600
Speaker 2: the little guy getting crushed. But it's all on the

563
00:31:31,640 --> 00:31:34,680
Speaker 2: little guy. I remember, it's all on your shoulders. It

564
00:31:34,760 --> 00:31:38,080
Speaker 2: can stop at the moment you say it's going to stop.

565
00:31:38,280 --> 00:31:42,640
Speaker 4: You have the power. Don't let them tell.

566
00:31:42,480 --> 00:31:45,000
Speaker 2: You don't have the power. You have the power. They

567
00:31:45,040 --> 00:31:47,840
Speaker 2: don't have the power. They've convinced you, they've put you

568
00:31:47,920 --> 00:31:50,720
Speaker 2: to sleep, that you don't have the power. That this

569
00:31:50,800 --> 00:31:53,080
Speaker 2: is the second law thermodynamics. This is just the way

570
00:31:53,080 --> 00:31:56,280
Speaker 2: the world's got to be, this economic organization. That you

571
00:31:56,360 --> 00:31:59,600
Speaker 2: live like a pauper, that You're constantly concerned about your

572
00:31:59,640 --> 00:32:02,360
Speaker 2: tax can you pay? Are you constantly concerned about your

573
00:32:02,400 --> 00:32:05,479
Speaker 2: credit cards? Can you pay it off? Even if your

574
00:32:05,520 --> 00:32:07,920
Speaker 2: middle class and got a nice job, you get laid

575
00:32:07,920 --> 00:32:10,280
Speaker 2: off and one of these corporate restructions, they do not

576
00:32:10,320 --> 00:32:12,240
Speaker 2: give a damn about you as a person, will throw

577
00:32:12,280 --> 00:32:16,160
Speaker 2: you out of the office right away. In one hundred days.

578
00:32:16,160 --> 00:32:18,240
Speaker 2: You're sweating bullets and not sleeping. How am I gonna

579
00:32:18,240 --> 00:32:19,920
Speaker 2: pay the mortgage? I'm gonna send the kids to college?

580
00:32:19,960 --> 00:32:21,840
Speaker 2: How am I going to pay for the little League?

581
00:32:24,200 --> 00:32:27,680
Speaker 2: That anxiety and angst and as it goes down the

582
00:32:27,680 --> 00:32:31,000
Speaker 2: food chain, it's hot, people don't hamm any another meal.

583
00:32:32,840 --> 00:32:35,160
Speaker 2: How can we as Americans sit there and think of

584
00:32:35,200 --> 00:32:38,280
Speaker 2: the thriving nature of the food banks and we know

585
00:32:38,320 --> 00:32:40,239
Speaker 2: now it's people just going to kind of top it off.

586
00:32:40,280 --> 00:32:41,920
Speaker 4: I gotta get this. I gotta get this. Is that

587
00:32:42,000 --> 00:32:42,760
Speaker 4: the United States?

588
00:32:42,840 --> 00:32:46,760
Speaker 2: Is that what those patriots in Lexington, Common fought for,

589
00:32:48,160 --> 00:32:53,160
Speaker 2: is that where they made the standard concord. Hell no,

590
00:32:54,520 --> 00:32:56,560
Speaker 2: they would come back here. First thing is say get

591
00:32:56,560 --> 00:33:00,920
Speaker 2: off your ass and do something like the folks in

592
00:33:01,000 --> 00:33:05,640
Speaker 2: Greenville and Tarren County that said we've had enough of

593
00:33:05,680 --> 00:33:08,120
Speaker 2: this and we're going to set things right, and the

594
00:33:08,160 --> 00:33:11,120
Speaker 2: first thing setting right is the basic thing, just like

595
00:33:11,280 --> 00:33:14,440
Speaker 2: in the Revolution, a committee of correspondence. Let's have a

596
00:33:14,440 --> 00:33:17,360
Speaker 2: town hall meeting, let's get going, and then behind the scenes, hey,

597
00:33:17,360 --> 00:33:20,719
Speaker 2: maybe we've got to get more organized. Because these brids

598
00:33:20,840 --> 00:33:25,520
Speaker 2: know how to run the deal. The British were just globalists.

599
00:33:25,520 --> 00:33:29,280
Speaker 2: They were just organized power. Don't think the crown and

600
00:33:29,880 --> 00:33:31,960
Speaker 2: what happened happened in London. It was the capital of

601
00:33:32,000 --> 00:33:34,520
Speaker 2: the world like New York City is today. They knew

602
00:33:34,560 --> 00:33:40,240
Speaker 2: how to run the deal. Okay, their deal. Why do

603
00:33:40,280 --> 00:33:42,080
Speaker 2: you think so many prom why do you think that,

604
00:33:42,120 --> 00:33:45,920
Speaker 2: but so many prominent, the Hamilton's of the world, the

605
00:33:46,000 --> 00:33:48,400
Speaker 2: Jefferson's of the world, the Adams of the world, and

606
00:33:48,480 --> 00:33:53,920
Speaker 2: all the other tiers men of the world. Why did

607
00:33:53,920 --> 00:33:55,719
Speaker 2: they revolt against this? Why did they put it on

608
00:33:55,760 --> 00:33:59,560
Speaker 2: the line? Because they understood if we could stop that

609
00:33:59,680 --> 00:34:03,600
Speaker 2: then and create our own thing, it would be and

610
00:34:03,640 --> 00:34:06,520
Speaker 2: they had a vision it would be the greatest republic

611
00:34:06,560 --> 00:34:09,040
Speaker 2: in the history of man. That's where they look to

612
00:34:09,080 --> 00:34:11,600
Speaker 2: the not the Roman Empire. They looked to the Roman Republic.

613
00:34:11,640 --> 00:34:14,719
Speaker 2: They were fighting the empire. They were fighting what Rome

614
00:34:15,000 --> 00:34:21,280
Speaker 2: devolved into and what Britain devolved into that's your heritage,

615
00:34:21,360 --> 00:34:26,320
Speaker 2: that's your lineage. But understand it. See what you see

616
00:34:26,960 --> 00:34:31,560
Speaker 2: in this moment in history, in the land of the blind,

617
00:34:31,880 --> 00:34:37,040
Speaker 2: the one eyed man is king. Just understand exactly where

618
00:34:37,040 --> 00:34:39,360
Speaker 2: we are in history, where we are in global history.

619
00:34:39,560 --> 00:34:41,680
Speaker 2: Why they hate Trump, why they want in prison Trump,

620
00:34:41,760 --> 00:34:47,840
Speaker 2: why they hate you. You are disrupting the entire system,

621
00:34:49,640 --> 00:34:53,759
Speaker 2: because the system, in the institutions and the people that

622
00:34:53,840 --> 00:34:58,759
Speaker 2: ran it in this country betrayed the basic foundational elements

623
00:34:58,800 --> 00:35:06,920
Speaker 2: of this constitutional republic full stop. And you either accept

624
00:35:06,920 --> 00:35:08,759
Speaker 2: that and live with it. And I'm not saying you

625
00:35:08,800 --> 00:35:11,719
Speaker 2: can't have a comfortable life. People had comfortable life in

626
00:35:11,760 --> 00:35:13,400
Speaker 2: the rev Just if you just want to get tapped

627
00:35:13,400 --> 00:35:15,279
Speaker 2: along it, just do your own thing and don't care

628
00:35:15,320 --> 00:35:18,280
Speaker 2: about it. Hey, that's fine, your free men and free women.

629
00:35:18,400 --> 00:35:22,760
Speaker 4: Do what you want. But if you believe.

630
00:35:25,200 --> 00:35:28,920
Speaker 2: Not just in this country, but the foundational principles of

631
00:35:28,960 --> 00:35:33,360
Speaker 2: this country, and know the foundational principles of this country

632
00:35:33,400 --> 00:35:36,080
Speaker 2: are not going down to El Salvador in prison with

633
00:35:36,160 --> 00:35:38,359
Speaker 2: a big media display. You want to do that, do it.

634
00:35:39,880 --> 00:35:46,440
Speaker 2: But citizens, particularly are most helpless citizens have been prayed on,

635
00:35:47,040 --> 00:35:50,680
Speaker 2: prayed on by these terrorist gangs prayed on and Trump's

636
00:35:50,680 --> 00:35:52,480
Speaker 2: finally said, We've had enough, and here's what I'm going

637
00:35:52,520 --> 00:35:54,279
Speaker 2: to do. And I'm commander in chief and I'm going

638
00:35:54,320 --> 00:35:56,920
Speaker 2: to do it. And I dare a federal court to

639
00:35:57,000 --> 00:35:59,759
Speaker 2: get in the way of that. And so now all

640
00:35:59,800 --> 00:36:02,239
Speaker 2: were hurtling towards the constitutional crisis. We'll get, you know,

641
00:36:02,280 --> 00:36:02,879
Speaker 2: bring it on.

642
00:36:03,520 --> 00:36:03,839
Speaker 4: We got.

643
00:36:03,880 --> 00:36:08,120
Speaker 2: We're in an economic war with a superpower that was created.

644
00:36:08,320 --> 00:36:12,520
Speaker 2: Always remember this, and when and when Jim Cramerson there,

645
00:36:12,520 --> 00:36:14,919
Speaker 2: my professor Alison Graham, well, you should have asked, Jim,

646
00:36:14,920 --> 00:36:16,759
Speaker 2: you should have read the book and understood it more

647
00:36:16,760 --> 00:36:21,600
Speaker 2: than a sophomore in college. Because the book jump, which

648
00:36:21,640 --> 00:36:25,440
Speaker 2: jumps off the page, is no group of elites have

649
00:36:25,600 --> 00:36:29,160
Speaker 2: ever made more money on the declining power on the

650
00:36:29,200 --> 00:36:32,319
Speaker 2: way down than they made on the way up by

651
00:36:32,400 --> 00:36:35,960
Speaker 2: selling out the declining power to his rival. And that's

652
00:36:36,000 --> 00:36:39,960
Speaker 2: what happened here in the United States of America. The

653
00:36:40,040 --> 00:36:46,840
Speaker 2: Wall Street faction, the corporate global corporatist, and Silicon Valley

654
00:36:47,440 --> 00:36:49,560
Speaker 2: Hollywood tried to but they're minor players in this.

655
00:36:49,680 --> 00:36:51,160
Speaker 4: I'm talking about the Big Three.

656
00:36:51,200 --> 00:36:55,719
Speaker 2: And they sold this nation out every single day, not

657
00:36:55,840 --> 00:36:56,680
Speaker 2: for ideology.

658
00:36:56,719 --> 00:36:58,000
Speaker 4: This makes even worse.

659
00:37:00,080 --> 00:37:01,680
Speaker 2: If you think they had some sort of thing of

660
00:37:01,719 --> 00:37:04,800
Speaker 2: mankind and maybe communism is the way and all that know,

661
00:37:04,920 --> 00:37:09,279
Speaker 2: they're neo Marxist culturally because they're godless, atheist and demonic.

662
00:37:11,120 --> 00:37:14,239
Speaker 2: But they sold it out from money. They did exactly

663
00:37:14,320 --> 00:37:20,720
Speaker 2: what this week on Thursday, Judas did to Jesus Christ.

664
00:37:20,760 --> 00:37:23,240
Speaker 2: They sold it out for their thirty pieces of silver.

665
00:37:25,880 --> 00:37:28,280
Speaker 2: And yeah they oh it's uncomfortable, and now, oh gosh,

666
00:37:28,280 --> 00:37:30,920
Speaker 2: you want to raise our attacks. You damn right, you

667
00:37:31,080 --> 00:37:33,240
Speaker 2: damn right. And Larry Cutler and Steve Moore, you should

668
00:37:33,239 --> 00:37:38,960
Speaker 2: be ashamed of yourself running dogs for this group. No,

669
00:37:39,000 --> 00:37:44,759
Speaker 2: we're not taking on achievers. It's just simple mathematics. We

670
00:37:45,000 --> 00:37:49,680
Speaker 2: have on our watch a one point three treeon dollar deficit.

671
00:37:50,120 --> 00:37:54,240
Speaker 2: Embrace it. It's a fact. We have to deal with it.

672
00:37:54,239 --> 00:37:55,840
Speaker 2: It's going to be over two tree and it's going

673
00:37:55,880 --> 00:37:58,920
Speaker 2: to be two and a half trade and let's have

674
00:37:59,000 --> 00:38:01,960
Speaker 2: this conversation on the afternoon of the thirtieth September where

675
00:38:01,960 --> 00:38:03,879
Speaker 2: you can kind of figure out what it is gonna

676
00:38:03,880 --> 00:38:09,640
Speaker 2: be two point five trillion topped onto the national debt.

677
00:38:11,640 --> 00:38:16,520
Speaker 2: So Johnson and I admire the corson where they're finding

678
00:38:16,520 --> 00:38:18,600
Speaker 2: the medicaid cuts. I got that, but you have to

679
00:38:18,640 --> 00:38:23,480
Speaker 2: have cuts. Medicaid is going to have to be cut smartly.

680
00:38:23,520 --> 00:38:25,200
Speaker 2: You can't take a meeting, but you've got to smartly

681
00:38:25,239 --> 00:38:28,840
Speaker 2: cut that. One way you can cut it is people

682
00:38:28,880 --> 00:38:31,400
Speaker 2: getting better jobs. The way you get better jobs is

683
00:38:31,440 --> 00:38:35,239
Speaker 2: bring back higher value manufacturing. The service economy of the

684
00:38:35,320 --> 00:38:38,120
Speaker 2: United States does not work for seventy five percent of

685
00:38:38,160 --> 00:38:44,000
Speaker 2: the people, so you're not going to have a country.

686
00:38:44,880 --> 00:38:47,800
Speaker 2: Those two elements, the intellectual property theft in the trade

687
00:38:47,840 --> 00:38:50,200
Speaker 2: deficits are one of the reasons we have these ballooning

688
00:38:50,239 --> 00:38:54,239
Speaker 2: deficits because we have decreasing tax revenues or taxers are

689
00:38:54,280 --> 00:38:57,000
Speaker 2: not increasing, and you.

690
00:38:56,920 --> 00:38:58,200
Speaker 4: Have exploding costs.

691
00:38:58,400 --> 00:39:01,400
Speaker 2: A lot of this, some of them trellion dollars of

692
00:39:01,440 --> 00:39:07,799
Speaker 2: it is because we also underwrite everybody's security and they

693
00:39:07,840 --> 00:39:11,000
Speaker 2: have to start pitching in for that. And one way

694
00:39:11,040 --> 00:39:15,000
Speaker 2: did you have to have less swords and more plowshares

695
00:39:16,239 --> 00:39:18,560
Speaker 2: is to make sure that we can do this economically,

696
00:39:18,600 --> 00:39:21,840
Speaker 2: which we can. Like in Persia, you don't need to

697
00:39:21,880 --> 00:39:25,640
Speaker 2: immediately go up the escalatory ladder to start. Let's have

698
00:39:25,680 --> 00:39:29,279
Speaker 2: a gunfight. You know why, because in the gunfight, it's

699
00:39:29,320 --> 00:39:32,800
Speaker 2: the it's the deplorables kids. It's their sons and daughters

700
00:39:33,280 --> 00:39:37,000
Speaker 2: in the middle of it. It's not the elites. How

701
00:39:37,000 --> 00:39:39,200
Speaker 2: many that crowd that wants to go bombit into irond

702
00:39:39,239 --> 00:39:41,600
Speaker 2: bombing into Persians and troops into Persia. How many their

703
00:39:41,680 --> 00:39:43,160
Speaker 2: kids are in it? How many kids are how many

704
00:39:43,200 --> 00:39:45,759
Speaker 2: of their kids are on the front line. How many

705
00:39:45,800 --> 00:39:48,759
Speaker 2: their kids in that carry battle group? How many of

706
00:39:48,760 --> 00:39:51,839
Speaker 2: their kids are doing bombing runs in the houties. How

707
00:39:51,880 --> 00:39:54,160
Speaker 2: many were there kids there at Were their kids there

708
00:39:54,160 --> 00:39:56,279
Speaker 2: for the Were they the f sixteen pilots that got

709
00:39:56,320 --> 00:39:56,839
Speaker 2: shot down?

710
00:39:57,480 --> 00:39:58,280
Speaker 4: Are they in those.

711
00:39:58,120 --> 00:40:05,840
Speaker 2: Carrier battle groups? Indeedy, Nope, not there. They want to

712
00:40:05,840 --> 00:40:10,040
Speaker 2: take all the benefits of the society they've created. They

713
00:40:10,040 --> 00:40:13,560
Speaker 2: want to skim it off the top, and they want

714
00:40:13,560 --> 00:40:15,200
Speaker 2: to have these entitled kids running around.

715
00:40:15,200 --> 00:40:16,560
Speaker 4: They're going to do this. They're going to do that.

716
00:40:17,080 --> 00:40:20,160
Speaker 2: Never hit a lick in their life. Don't know anything

717
00:40:20,200 --> 00:40:24,200
Speaker 2: about life. But your sons and daughters are going to

718
00:40:24,239 --> 00:40:26,239
Speaker 2: be in those carrier battle groups. Your sons and daughters

719
00:40:26,280 --> 00:40:27,640
Speaker 2: are going to be in the first way that goes

720
00:40:27,640 --> 00:40:30,960
Speaker 2: into Persia. Your sons and daughters are going to be

721
00:40:30,960 --> 00:40:33,600
Speaker 2: doing the bombing runs. If that has to happen. It's

722
00:40:33,600 --> 00:40:36,719
Speaker 2: not going to happen. It doesn't need the reason is

723
00:40:36,760 --> 00:40:42,760
Speaker 2: not gonna happen. It doesn't need to happen. What about

724
00:40:43,000 --> 00:40:45,600
Speaker 2: what about their assets? What about the Persians? The mula's assets,

725
00:40:45,680 --> 00:40:49,120
Speaker 2: assets all over the world. They stole the Russian assets.

726
00:40:49,120 --> 00:40:50,920
Speaker 2: Why don't we steal it? Why don't we take their assets?

727
00:40:53,239 --> 00:40:59,680
Speaker 2: The courts have decreed.

728
00:41:00,719 --> 00:41:02,960
Speaker 5: Use your host, Stephen k back.

729
00:41:04,840 --> 00:41:08,040
Speaker 2: Since the CCP, one of the main aspects in this

730
00:41:08,080 --> 00:41:10,440
Speaker 2: war is going to be dedollarization. Make sure you go

731
00:41:10,520 --> 00:41:14,640
Speaker 2: to birch gold dot com promo code Bannon to get

732
00:41:14,640 --> 00:41:17,600
Speaker 2: the end of the dollar empire. You can learn all

733
00:41:17,640 --> 00:41:20,120
Speaker 2: about it. The last one is the modern monetary theory,

734
00:41:20,160 --> 00:41:21,560
Speaker 2: the idea of the broke the world. But all this

735
00:41:21,760 --> 00:41:25,280
Speaker 2: six free installments, we're going to be doing some things

736
00:41:25,320 --> 00:41:27,560
Speaker 2: on bundling it and make sure we make it easier

737
00:41:27,560 --> 00:41:30,080
Speaker 2: to get to you in the coming days and weeks ahead,

738
00:41:30,120 --> 00:41:33,120
Speaker 2: because this is central to your understanding of the situation

739
00:41:33,320 --> 00:41:34,840
Speaker 2: we're in, and that's what we need. It ain't the

740
00:41:34,840 --> 00:41:37,680
Speaker 2: price of gold, which is over thirty three hundred bucks.

741
00:41:38,640 --> 00:41:41,719
Speaker 2: I said that right, thirty three hundred bucks. Remember the

742
00:41:41,840 --> 00:41:45,080
Speaker 2: biggest move in gold and gold's not supposed to move

743
00:41:45,160 --> 00:41:47,120
Speaker 2: like this. It's a store of value in a hedge.

744
00:41:49,120 --> 00:41:54,960
Speaker 2: Something the market's telling us something we need you to

745
00:41:55,040 --> 00:41:58,120
Speaker 2: understand that we don't. It's not about the price, it's

746
00:41:58,120 --> 00:41:59,840
Speaker 2: about the process of how it got there, and that

747
00:42:00,040 --> 00:42:03,000
Speaker 2: from Birch Gold is set out to teach you. And

748
00:42:03,040 --> 00:42:05,920
Speaker 2: remember it's physical gold you want if you decide to

749
00:42:05,960 --> 00:42:13,279
Speaker 2: go this way. Chris Acavella, American Securities, You've done an

750
00:42:13,280 --> 00:42:15,840
Speaker 2: amazing job. Walk me through when I talked about the elites,

751
00:42:15,840 --> 00:42:18,640
Speaker 2: and I'm bashing the elites. Am I being unfair in

752
00:42:18,680 --> 00:42:19,240
Speaker 2: your mind?

753
00:42:19,440 --> 00:42:24,799
Speaker 12: Sir No, Steve, you know, there's a few things that

754
00:42:24,840 --> 00:42:26,600
Speaker 12: you pointed out in the last segment, and what I

755
00:42:26,600 --> 00:42:29,440
Speaker 12: would say is you're getting to the heart of the issue,

756
00:42:29,480 --> 00:42:33,440
Speaker 12: which is that that's the dark underbelly of capitalism. The

757
00:42:33,480 --> 00:42:36,279
Speaker 12: fact that our money was sent over there, that we

758
00:42:36,440 --> 00:42:40,200
Speaker 12: sold out our intellectual property rights, that we hollowed out

759
00:42:40,280 --> 00:42:44,480
Speaker 12: America's factories and manufacturing bases and sold everything to China.

760
00:42:45,200 --> 00:42:50,520
Speaker 12: China needs this country. We are the world's global debt

761
00:42:50,560 --> 00:42:53,560
Speaker 12: fueled consumer and it looks like we're going to continue

762
00:42:53,600 --> 00:42:57,440
Speaker 12: to be that. So that's why the tariffs are so important.

763
00:42:57,520 --> 00:42:59,759
Speaker 12: That's why cutting off the flow of capital t G

764
00:43:00,160 --> 00:43:06,200
Speaker 12: new transition to the military industrial complex, their quantum computing capabilities,

765
00:43:06,239 --> 00:43:10,319
Speaker 12: their laser weapons systems, their cyber armies. This is a

766
00:43:10,480 --> 00:43:15,520
Speaker 12: very specific, coordinated set of tools that the Trump administration

767
00:43:15,719 --> 00:43:18,600
Speaker 12: needs to implement and do it so that it protects

768
00:43:18,640 --> 00:43:20,200
Speaker 12: our economic and national security.

769
00:43:23,120 --> 00:43:27,880
Speaker 2: So you're a leader, let's talk about we're going up

770
00:43:27,920 --> 00:43:31,080
Speaker 2: the exculatory ladder now in this economic war. But let's

771
00:43:31,080 --> 00:43:33,160
Speaker 2: talk about things that could be done here. There's even

772
00:43:33,239 --> 00:43:36,160
Speaker 2: Larry Fink said the day if companies of CCP control

773
00:43:36,239 --> 00:43:38,919
Speaker 2: companies have done things wrong, they should be considered for

774
00:43:40,239 --> 00:43:40,840
Speaker 2: taking them.

775
00:43:40,719 --> 00:43:43,440
Speaker 4: Off the exchanges. Right, how much capital?

776
00:43:43,640 --> 00:43:46,720
Speaker 2: If we cut off the Chinese companies party from access

777
00:43:46,760 --> 00:43:50,560
Speaker 2: to capital and from stealing our technology or just agreeing

778
00:43:50,560 --> 00:43:52,719
Speaker 2: to the joint ventures where we give them the technology,

779
00:43:53,040 --> 00:43:57,799
Speaker 2: how much would the current situation change, Sir, I think

780
00:43:57,840 --> 00:44:01,480
Speaker 2: would changed tremendously. It would allow us to re implement.

781
00:44:01,120 --> 00:44:05,520
Speaker 12: A manufacturing blit base, re establish supply chain efficiency in

782
00:44:05,560 --> 00:44:06,080
Speaker 12: this country.

783
00:44:06,200 --> 00:44:07,800
Speaker 4: I mean, we learned from COVID.

784
00:44:07,840 --> 00:44:11,400
Speaker 12: That we were in a big problem when we needed

785
00:44:11,400 --> 00:44:17,200
Speaker 12: critical supplies pharmaceuticals PPE. We can't have that anymore. We

786
00:44:17,239 --> 00:44:19,319
Speaker 12: also need a steal industry. We need to be able

787
00:44:19,320 --> 00:44:22,440
Speaker 12: to make it manufacture to be self sufficient. That's the

788
00:44:22,520 --> 00:44:25,319
Speaker 12: lesson of COVID, and I think when you cut off

789
00:44:25,360 --> 00:44:28,680
Speaker 12: the flow of capital to the Chinese Communist Party and

790
00:44:28,800 --> 00:44:32,319
Speaker 12: mainland Chinese companies, we're talking about trillions of dollars. You

791
00:44:32,360 --> 00:44:38,080
Speaker 12: couple that with increasingly high tariffs. That's more money that

792
00:44:38,200 --> 00:44:42,200
Speaker 12: they that will collect at the border, and hopefully, over time,

793
00:44:42,840 --> 00:44:44,880
Speaker 12: we can make those products here in the United States,

794
00:44:44,920 --> 00:44:45,920
Speaker 12: which should create.

795
00:44:46,280 --> 00:44:47,759
Speaker 4: Hopefully, very hopefully over time.

796
00:44:47,840 --> 00:44:52,400
Speaker 2: It's just just a fantasy of people like Peter Navarro.

797
00:44:52,719 --> 00:44:55,440
Speaker 2: How real is this? How real is bringing back supply chains?

798
00:44:55,520 --> 00:44:58,920
Speaker 2: How real is bringing back and returning us to becoming

799
00:44:58,920 --> 00:45:00,400
Speaker 2: a manufacturing super power?

800
00:45:00,440 --> 00:45:02,120
Speaker 4: Is that real? Or is that just a.

801
00:45:02,080 --> 00:45:06,480
Speaker 2: Fantasy that you believe in? Navarre believes and people like

802
00:45:06,520 --> 00:45:08,800
Speaker 2: myself believes. Is this a fantasy? Or can it happen?

803
00:45:09,680 --> 00:45:11,839
Speaker 12: It can happen, and it has to happen. It has

804
00:45:11,880 --> 00:45:15,800
Speaker 12: to happen for our own self sufficiency. It's just going

805
00:45:15,840 --> 00:45:17,840
Speaker 12: to take a little bit of time. And Wall Street's

806
00:45:17,880 --> 00:45:20,160
Speaker 12: throwing a fit right now because of what you said before.

807
00:45:20,200 --> 00:45:22,759
Speaker 12: I mean, you have global elites who don't want to

808
00:45:22,760 --> 00:45:26,520
Speaker 12: relinquish power, because as soon as they relinquish their access

809
00:45:26,560 --> 00:45:29,160
Speaker 12: to all of the riches that they have, those have

810
00:45:29,239 --> 00:45:31,560
Speaker 12: to be a redistributed to everybody else who was part

811
00:45:31,600 --> 00:45:32,359
Speaker 12: of the Trump base.

812
00:45:34,680 --> 00:45:36,320
Speaker 4: Okay, can you hang on for a second.

813
00:45:36,360 --> 00:45:39,080
Speaker 2: I want to hold you for a minute through the break,

814
00:45:39,120 --> 00:45:41,000
Speaker 2: and the Great Air Prince is going to join us.

815
00:45:41,000 --> 00:45:43,479
Speaker 2: But I want to look at this Financial Times of London.

816
00:45:43,520 --> 00:45:47,279
Speaker 2: Of course, my favorite paper headlines Wall Street Banks read

817
00:45:47,360 --> 00:45:53,320
Speaker 2: thirty seven billion dollars after traders cash in on Trump volatility. Remember,

818
00:45:53,400 --> 00:45:55,759
Speaker 2: volatility is one of the things that you trade back

819
00:45:55,760 --> 00:46:00,560
Speaker 2: and forth with velocity, you will make money. These guys

820
00:46:00,560 --> 00:46:04,600
Speaker 2: are making money. And Larry Cudlow and Steve Moore, the

821
00:46:04,640 --> 00:46:08,759
Speaker 2: great big crocodile, tiers on taxes. At bottom line, the

822
00:46:08,800 --> 00:46:12,840
Speaker 2: elites in the upper bracket never for they're the ones

823
00:46:12,880 --> 00:46:16,960
Speaker 2: that have control this city. They're the ones that control

824
00:46:17,080 --> 00:46:19,960
Speaker 2: the congressman, and they control the Senate. It's the reason

825
00:46:20,080 --> 00:46:25,160
Speaker 2: spending doesn't stop. Spending doesn't stop because the elites in

826
00:46:25,200 --> 00:46:29,160
Speaker 2: this country are consolidating more and more power and more

827
00:46:29,160 --> 00:46:33,040
Speaker 2: and more economic power with the deficits. The deficits help

828
00:46:33,120 --> 00:46:36,640
Speaker 2: them more government spending helps them. I'm gonna give you

829
00:46:36,719 --> 00:46:40,520
Speaker 2: some pattern recognition. He brought the law. Trump brought the

830
00:46:40,560 --> 00:46:42,960
Speaker 2: law firms to their knees. How did he bring the

831
00:46:43,000 --> 00:46:45,320
Speaker 2: law for the law firms to his knees? When he

832
00:46:45,440 --> 00:46:48,760
Speaker 2: sent the letters to them to take away the security clearances?

833
00:46:48,800 --> 00:46:51,520
Speaker 2: He says, you're not eligible to work on anything related

834
00:46:51,520 --> 00:46:53,600
Speaker 2: to government contracts or government work. And he put a

835
00:46:53,640 --> 00:46:57,240
Speaker 2: line in there, and any of your clients that still

836
00:46:57,280 --> 00:46:59,920
Speaker 2: retain you will not be eligible for government contract.

837
00:47:00,120 --> 00:47:01,440
Speaker 4: That means feeding at the trough.

838
00:47:01,440 --> 00:47:04,479
Speaker 2: And guess what the toughest law firm out there, Paul

839
00:47:04,520 --> 00:47:07,760
Speaker 2: Weiss and Karp, the chairman, the guy was organizing everything.

840
00:47:07,960 --> 00:47:10,760
Speaker 2: He surrendered in twenty four hours. Why did he surrender

841
00:47:10,760 --> 00:47:14,080
Speaker 2: in twenty four hours? Because all the other jackal law firms,

842
00:47:14,120 --> 00:47:16,320
Speaker 2: all these white shoe law firms from all the great

843
00:47:16,320 --> 00:47:20,359
Speaker 2: institutions of Harvard and Yale and Stanford, you know, all

844
00:47:20,400 --> 00:47:23,960
Speaker 2: the high moral they have at those great universities, those

845
00:47:24,080 --> 00:47:28,279
Speaker 2: bastions of education. They went after their clients and said, hey, Paul,

846
00:47:28,320 --> 00:47:29,720
Speaker 2: Whits's not gonna be able to be in a business,

847
00:47:29,719 --> 00:47:32,560
Speaker 2: come with us. That's where the partners, all the high

848
00:47:32,600 --> 00:47:34,879
Speaker 2: flute and tough partners. And Paul Weiss. That's why they

849
00:47:34,920 --> 00:47:39,360
Speaker 2: collapsed in a day. Why is Harvard? Why is Harvard?

850
00:47:39,360 --> 00:47:42,040
Speaker 2: Why is the why Columbia? Why are they all collapsing?

851
00:47:42,280 --> 00:47:45,360
Speaker 2: The nine billion dollars of your money at the public

852
00:47:45,440 --> 00:47:48,920
Speaker 2: trough that they're snouts right in hal Harvard's got a

853
00:47:48,960 --> 00:47:50,880
Speaker 2: fifty two billion dollar in down. But why don't you

854
00:47:50,960 --> 00:47:56,080
Speaker 2: use that? Can't touch that, got that government money. You've

855
00:47:56,080 --> 00:47:58,239
Speaker 2: been played for a sucker, and you've been played for

856
00:47:58,280 --> 00:48:03,319
Speaker 2: a sap. The entire system rest on your shoulders. You

857
00:48:03,360 --> 00:48:06,400
Speaker 2: are the full faith and credit of this government, not

858
00:48:06,520 --> 00:48:09,759
Speaker 2: the sec not the Federal Reserve, Not this group of

859
00:48:09,840 --> 00:48:14,640
Speaker 2: scum up there right, the sociopathic overlords on Wall Street.

860
00:48:15,360 --> 00:48:17,239
Speaker 2: You think they give a damn about this country? You

861
00:48:17,280 --> 00:48:19,560
Speaker 2: think you give a damn about its citizens? If you

862
00:48:19,560 --> 00:48:21,400
Speaker 2: think you can give a damn about what happened in

863
00:48:21,480 --> 00:48:24,080
Speaker 2: Lexington and Concord two hundred and fifty years ago, they

864
00:48:24,120 --> 00:48:27,080
Speaker 2: were the guys on the other side. They were the

865
00:48:27,120 --> 00:48:29,440
Speaker 2: city of London, the Wall Street at the time, financing

866
00:48:29,480 --> 00:48:36,680
Speaker 2: the empire against the colonists. That was the little guy

867
00:48:36,800 --> 00:48:39,840
Speaker 2: standing up and saying, hey, go f yourself. You're going

868
00:48:39,920 --> 00:48:43,000
Speaker 2: to have to come and take it. Do we have

869
00:48:43,120 --> 00:48:47,400
Speaker 2: that balls in guts today. That is the only question

870
00:48:47,520 --> 00:48:50,359
Speaker 2: that matters next in the war room.