1 00:00:04,160 --> 00:00:08,160 Speaker 1: On this episode of Newsworld, My guest today is Peter Navarro. 2 00:00:08,840 --> 00:00:12,040 Speaker 1: He has a remarkable career. He holds a PhD in 3 00:00:12,080 --> 00:00:16,279 Speaker 1: economics from Harvard University. Was Professor emeritus of Economics and 4 00:00:16,360 --> 00:00:19,720 Speaker 1: Public Policy at the University of California at Irvine for 5 00:00:19,840 --> 00:00:22,959 Speaker 1: more than twenty years. He served as Assistant to the 6 00:00:23,040 --> 00:00:26,680 Speaker 1: President and Director of the Office of Trade and Manufacturing 7 00:00:26,720 --> 00:00:30,520 Speaker 1: Policy at the White House during the Trump administration. He 8 00:00:30,640 --> 00:00:33,960 Speaker 1: is the author of numerous books, including a China trilogy, 9 00:00:34,280 --> 00:00:37,480 Speaker 1: The Coming China Wars in two thousand and six, Death 10 00:00:37,560 --> 00:00:42,199 Speaker 1: by China in two eleven, and Crouching Tiger in two 11 00:00:42,400 --> 00:00:46,800 Speaker 1: and fifteen. But the White House, Doctor Navarro advised President 12 00:00:46,800 --> 00:00:51,600 Speaker 1: Trump on policies to increase economic growth, decreased trade deficits, 13 00:00:51,920 --> 00:00:57,280 Speaker 1: and strengthen America's defense industrial base. He produced three volumes 14 00:00:57,560 --> 00:01:01,600 Speaker 1: of the Navarro Report in his person capacity to shed 15 00:01:01,680 --> 00:01:04,959 Speaker 1: light on potentially a legal activity that may have occurred 16 00:01:05,319 --> 00:01:09,160 Speaker 1: during the twenty twenty presidential election. But he's here today 17 00:01:09,400 --> 00:01:12,880 Speaker 1: to talk about his new book, in Trump Time, a 18 00:01:13,080 --> 00:01:16,319 Speaker 1: Journal of America's plague Year. And I'm really pleased to 19 00:01:16,319 --> 00:01:30,120 Speaker 1: welcome Peter. You are right there in the middle of it, 20 00:01:30,440 --> 00:01:32,559 Speaker 1: and I know it's not something that you thought you'd 21 00:01:32,560 --> 00:01:35,520 Speaker 1: be doing. Although given your interest in China, the fact 22 00:01:35,520 --> 00:01:38,080 Speaker 1: that this disease came out of Wuhan, who's sort of 23 00:01:38,319 --> 00:01:41,480 Speaker 1: an appropriate part of everything you've warned us about. Tell 24 00:01:41,520 --> 00:01:44,679 Speaker 1: me if you would, how did you initially come to 25 00:01:44,720 --> 00:01:47,920 Speaker 1: the conclusion, going all the way back to your China trilogy, 26 00:01:48,440 --> 00:01:51,360 Speaker 1: that China would have the kind of impact it's having, 27 00:01:51,800 --> 00:01:55,600 Speaker 1: And did you really see it coming as aggressively and 28 00:01:55,720 --> 00:01:58,480 Speaker 1: as big a challenge as it's turned out to be. Dude, 29 00:01:58,480 --> 00:02:00,880 Speaker 1: First of all, I'm honored by your description of my 30 00:02:01,120 --> 00:02:04,360 Speaker 1: contributions to the debate on China. I do believe that 31 00:02:04,840 --> 00:02:09,880 Speaker 1: history will treat President Trump extremely kindly. And being the 32 00:02:09,880 --> 00:02:13,800 Speaker 1: first president to bring the China issue to the four 33 00:02:14,400 --> 00:02:17,400 Speaker 1: in the White House, you yourself have done yeoman's work 34 00:02:17,840 --> 00:02:21,480 Speaker 1: with your books, speeches, and other things in exposing the 35 00:02:21,639 --> 00:02:26,160 Speaker 1: economic aggression of China. I came to the whole issue 36 00:02:26,560 --> 00:02:29,240 Speaker 1: in a very indirect way back when I was teaching 37 00:02:29,240 --> 00:02:34,160 Speaker 1: at Irvine macroeconomics. I noticed about two thousand and three 38 00:02:34,520 --> 00:02:37,080 Speaker 1: that something was going on in the world economy. I 39 00:02:37,120 --> 00:02:39,320 Speaker 1: was teaching a lot of so called fully employed business 40 00:02:39,320 --> 00:02:42,640 Speaker 1: students who were losing their jobs. And it all came 41 00:02:42,680 --> 00:02:46,120 Speaker 1: down when I looked into a deeper to China, and 42 00:02:46,200 --> 00:02:49,880 Speaker 1: that began what was the trilogy you described the end 43 00:02:49,880 --> 00:02:53,440 Speaker 1: Trump time book starts. I call it the Red Wedding 44 00:02:53,520 --> 00:02:56,120 Speaker 1: chapter if you're a Game a Thrones fan. In chapter one, 45 00:02:56,240 --> 00:02:59,280 Speaker 1: where I'm in the East wing of the White House, 46 00:02:59,360 --> 00:03:03,560 Speaker 1: it's January fifteen, twenty twenty, the world looks beautiful for 47 00:03:03,680 --> 00:03:08,200 Speaker 1: the Trump administration. President Trump has built the strongest economy 48 00:03:08,240 --> 00:03:13,240 Speaker 1: in Martin history, using supply side type economics and freer 49 00:03:13,320 --> 00:03:16,640 Speaker 1: trade things like that. But I'm sitting there in a 50 00:03:16,720 --> 00:03:21,160 Speaker 1: cold sweat watching this because I had actually predicted in 51 00:03:21,160 --> 00:03:24,160 Speaker 1: my Coming China Wars book that China would create a 52 00:03:24,280 --> 00:03:26,959 Speaker 1: viral pandemic that would kill millions. And that was thinking 53 00:03:26,960 --> 00:03:28,480 Speaker 1: about that. That was in two thousand and six. So 54 00:03:28,560 --> 00:03:31,959 Speaker 1: I'm sitting there looking at the President sitting next to 55 00:03:32,080 --> 00:03:34,720 Speaker 1: Leo Hu, the Vice Premier China, getting ready to sign 56 00:03:34,800 --> 00:03:37,480 Speaker 1: what I saw as a skinny deal. I was not 57 00:03:37,600 --> 00:03:39,560 Speaker 1: a fan of it. It was much less than what 58 00:03:39,640 --> 00:03:42,320 Speaker 1: we should have gotten. But I'm thinking to myself, nude, 59 00:03:42,640 --> 00:03:47,000 Speaker 1: what did these Chinese diplomats know about the Wuhan virus 60 00:03:47,040 --> 00:03:48,800 Speaker 1: that we don't you know, I'd seen a lot of 61 00:03:48,800 --> 00:03:53,080 Speaker 1: the intel. I'd seen the crematory in Wuhan burning up overtime. 62 00:03:54,200 --> 00:03:57,080 Speaker 1: Was it possible there was human to human transmission? Could 63 00:03:57,120 --> 00:03:59,400 Speaker 1: these people be infected? If so, why'd they shake my 64 00:03:59,440 --> 00:04:02,040 Speaker 1: hand last night the trade dinner? And why are they 65 00:04:02,080 --> 00:04:05,640 Speaker 1: so near the president and Vice president? And finally, here's 66 00:04:05,640 --> 00:04:08,760 Speaker 1: the thing, dude, I asked myself, could this be a 67 00:04:08,800 --> 00:04:14,080 Speaker 1: bioweapon to take down the only president in history that 68 00:04:14,200 --> 00:04:16,680 Speaker 1: ever stood up to them? And the in Trump Time 69 00:04:16,760 --> 00:04:18,960 Speaker 1: Book takes off from there, and I think I make 70 00:04:19,040 --> 00:04:22,279 Speaker 1: the strong case at number one, there's no question this 71 00:04:22,320 --> 00:04:25,040 Speaker 1: thing came from the Wuhan lab and that Tony Fauci 72 00:04:25,320 --> 00:04:27,240 Speaker 1: had a key role in it, and the how to 73 00:04:27,279 --> 00:04:31,159 Speaker 1: be fired. There's no doubt that it is a bioweapon 74 00:04:31,680 --> 00:04:34,320 Speaker 1: from China in the sense that China has used it 75 00:04:34,640 --> 00:04:38,200 Speaker 1: to continue to attack our economy and advance their military 76 00:04:38,440 --> 00:04:42,880 Speaker 1: and geopolitical interests. And at the end, I talk a 77 00:04:42,920 --> 00:04:46,480 Speaker 1: lot about the election of regularities, which I think we 78 00:04:46,600 --> 00:04:50,120 Speaker 1: as a nation have to be deeply, deeply concerned about. 79 00:04:50,200 --> 00:04:53,159 Speaker 1: And the mission of the Interrump Time Book really is 80 00:04:53,200 --> 00:04:57,360 Speaker 1: to fire Fauci collect reparations on the order of twenty 81 00:04:57,400 --> 00:05:00,719 Speaker 1: trillion dollars from Communist China and get to the bottom 82 00:05:01,000 --> 00:05:04,560 Speaker 1: of what happened on November third and January sixth. Do 83 00:05:04,560 --> 00:05:08,200 Speaker 1: you think, as a realistic matter, can we bring enough 84 00:05:08,240 --> 00:05:11,800 Speaker 1: pressure to bear on President Jees and paying to actually 85 00:05:11,800 --> 00:05:15,520 Speaker 1: collect twenty tillion dollars. I think that the first thing 86 00:05:15,560 --> 00:05:18,760 Speaker 1: we have to do is hold them accountable for the virus. 87 00:05:19,200 --> 00:05:21,280 Speaker 1: One of the themes of the in Trump time Book 88 00:05:21,400 --> 00:05:25,920 Speaker 1: is how CNN and Jeff Zucker and the fake media 89 00:05:26,080 --> 00:05:30,280 Speaker 1: worked with the Democratic Party to create this false narrative 90 00:05:30,480 --> 00:05:34,880 Speaker 1: that to blame Trump for the virus and therefore they 91 00:05:35,120 --> 00:05:40,240 Speaker 1: wouldn't blame communist China, even though the facts would indicate 92 00:05:40,279 --> 00:05:43,360 Speaker 1: even back then that this thing was spawned by China 93 00:05:43,400 --> 00:05:46,680 Speaker 1: in a bioweapons lab, I advocated one of the most 94 00:05:46,720 --> 00:05:49,200 Speaker 1: important chapters in the Trump time Book, and I still 95 00:05:49,200 --> 00:05:52,240 Speaker 1: think we should do this to this very stay. Set 96 00:05:52,320 --> 00:05:55,760 Speaker 1: up a presidential commission like we had for the Kennedy 97 00:05:55,760 --> 00:05:59,200 Speaker 1: assassination in Pearl Harbor and the BP oil spill, that 98 00:05:59,240 --> 00:06:04,039 Speaker 1: would investig the cost, the origins of the virus, and 99 00:06:04,400 --> 00:06:08,560 Speaker 1: how China may be using that virus to advance its objectives. 100 00:06:08,839 --> 00:06:11,640 Speaker 1: I think that could be a bipartisan effort. And to 101 00:06:11,680 --> 00:06:14,440 Speaker 1: your point, we could certainly pressure them. They certainly hold 102 00:06:14,480 --> 00:06:17,239 Speaker 1: a lot of our debt that we could take back 103 00:06:17,279 --> 00:06:19,880 Speaker 1: from them to collect in part on that. And I 104 00:06:20,040 --> 00:06:23,640 Speaker 1: view at this point, given what China has done, that 105 00:06:23,680 --> 00:06:27,840 Speaker 1: we should fully decouple from the Chinese economy and learn 106 00:06:28,040 --> 00:06:31,920 Speaker 1: that by American hire. American is the rule. Trade with 107 00:06:31,960 --> 00:06:35,520 Speaker 1: our allies on fair terms. But China's time to walk 108 00:06:35,560 --> 00:06:38,559 Speaker 1: away from that relationship because they mean us nothing but harm. 109 00:06:39,000 --> 00:06:42,200 Speaker 1: And you yourself have been eloquent about the threat in 110 00:06:42,279 --> 00:06:45,640 Speaker 1: your own work. What was your experience like inside the 111 00:06:45,680 --> 00:06:49,520 Speaker 1: government trying to get you know, the State Department, the CIA, 112 00:06:49,680 --> 00:06:54,680 Speaker 1: the Defense Department, Commerce to understand how really different this 113 00:06:54,880 --> 00:06:58,400 Speaker 1: was and how big a threat it was to us. Yeah, 114 00:06:58,400 --> 00:07:00,839 Speaker 1: always took the deep state be kind of like a 115 00:07:00,960 --> 00:07:05,120 Speaker 1: conspiracy type theory. But there is a deep administrative state 116 00:07:05,680 --> 00:07:09,920 Speaker 1: that's comprised of these career bureaucrats, and there's a strong 117 00:07:10,240 --> 00:07:15,080 Speaker 1: prevailing ideology, particularly within the State Department, some in the 118 00:07:15,160 --> 00:07:19,200 Speaker 1: Pentagon and others spread around the bureaucratc these that somehow, 119 00:07:19,440 --> 00:07:22,400 Speaker 1: if it's the old theory of economic engagement. If you 120 00:07:22,520 --> 00:07:26,560 Speaker 1: engage with China, it'll become more peaceful and democratic like us. 121 00:07:26,800 --> 00:07:30,320 Speaker 1: I mean, we know how bankrupt that theory is. But 122 00:07:30,400 --> 00:07:33,280 Speaker 1: I would sit in a situation room or in what 123 00:07:33,320 --> 00:07:38,080 Speaker 1: they call the skiffs, the secure compartmentalized information units, where 124 00:07:38,080 --> 00:07:41,720 Speaker 1: you could do serious policy issues. The whole end Trump 125 00:07:41,760 --> 00:07:45,320 Speaker 1: time phrase was coined because I beat my head against 126 00:07:45,360 --> 00:07:48,160 Speaker 1: the wall of these bureaucrats who wouldn't want to move 127 00:07:48,240 --> 00:07:51,640 Speaker 1: quickly on things like cracking down on China, and the 128 00:07:51,760 --> 00:07:55,000 Speaker 1: end Trump time phrase means move and Trump time, move quickly. 129 00:07:55,480 --> 00:07:59,480 Speaker 1: It's really difficult. One of the surprises I had maybe 130 00:07:59,520 --> 00:08:03,480 Speaker 1: call me now. But when I got there in twenty seventeen, 131 00:08:03,520 --> 00:08:07,320 Speaker 1: after serving with the President on the campaign, the biggest 132 00:08:07,320 --> 00:08:10,239 Speaker 1: shock I had coming to Washington was that I would 133 00:08:10,240 --> 00:08:13,000 Speaker 1: have to fight as many people inside the White House 134 00:08:13,040 --> 00:08:17,040 Speaker 1: and inside the administration as I would have to, particularly 135 00:08:17,040 --> 00:08:20,480 Speaker 1: on the trade agenda with the President. It's kind of 136 00:08:20,520 --> 00:08:24,480 Speaker 1: an alien concept to these folks that if China is 137 00:08:24,520 --> 00:08:27,760 Speaker 1: like cheating and stealing and doing everything in Canada destroy us, 138 00:08:28,080 --> 00:08:31,640 Speaker 1: that somehow we should fight back with things like tariffs 139 00:08:31,640 --> 00:08:34,960 Speaker 1: and sanctions. I mean, it was really an eye opener 140 00:08:35,559 --> 00:08:37,920 Speaker 1: for me. And there were people inside the administration. I 141 00:08:37,920 --> 00:08:41,200 Speaker 1: think the poster child that was the Neville Chamberlain of 142 00:08:41,200 --> 00:08:43,960 Speaker 1: our time, the Treasury Secretary Steve Benuchin. I mean, he 143 00:08:44,400 --> 00:08:47,560 Speaker 1: would constantly be in the Oval office. The President would 144 00:08:47,559 --> 00:08:50,280 Speaker 1: tell him to do something, he'd say, sir, yes, sir, 145 00:08:50,400 --> 00:08:52,319 Speaker 1: and then he'd go out and do just the opposite 146 00:08:52,640 --> 00:08:55,199 Speaker 1: to advance the interests of Wall Street and Goldman Sachs. 147 00:08:55,280 --> 00:08:57,880 Speaker 1: So that was a real challenge for me. Nude, I 148 00:08:57,880 --> 00:09:03,400 Speaker 1: wouldn't kid you on that. The number of billionaires who 149 00:09:03,480 --> 00:09:07,280 Speaker 1: have a huge economic interest in China is I think 150 00:09:07,320 --> 00:09:10,800 Speaker 1: sort of frightening. I mean there's an entire pressure that 151 00:09:10,880 --> 00:09:13,600 Speaker 1: comes out of New York City in particular. But you 152 00:09:13,600 --> 00:09:17,280 Speaker 1: know the head of Nike announcing that Nike's really a 153 00:09:17,400 --> 00:09:20,280 Speaker 1: Chinese company, And you want to say to them, does 154 00:09:20,280 --> 00:09:23,560 Speaker 1: that mean you're four genocide in the West? Does that 155 00:09:23,640 --> 00:09:27,320 Speaker 1: mean you're four crushing the Tibetan Buddhist culture? Does that 156 00:09:27,360 --> 00:09:31,000 Speaker 1: mean you're four suppressing freedom in Hong Kong? I mean, 157 00:09:31,040 --> 00:09:33,680 Speaker 1: what are you talking about? But these people all seem 158 00:09:33,720 --> 00:09:37,800 Speaker 1: to operate on a different planet, and they routinely sell 159 00:09:37,800 --> 00:09:40,880 Speaker 1: out both freedom and the United States in favor of 160 00:09:40,920 --> 00:09:43,800 Speaker 1: their next profit margin. I go back to that first 161 00:09:43,840 --> 00:09:46,800 Speaker 1: chapter in Trump time once again into the East Wing. 162 00:09:46,840 --> 00:09:50,280 Speaker 1: I'm sitting there. The Boss is on stage with the Chinese, 163 00:09:50,280 --> 00:09:54,280 Speaker 1: but in the audience new there's Larry Fink and there's 164 00:09:54,320 --> 00:09:58,160 Speaker 1: Steve Schwartzman, two of the biggest hedge fund money guys 165 00:09:58,320 --> 00:10:01,400 Speaker 1: that offshored our jobs and have a vested interest in 166 00:10:01,520 --> 00:10:06,560 Speaker 1: China's rise at the expense of America's decline. And these guys, 167 00:10:06,760 --> 00:10:10,760 Speaker 1: Schwartzman in particular, was instrumental in the Shuttle diplomacy that 168 00:10:10,960 --> 00:10:14,320 Speaker 1: led to the retreat from what would have been a 169 00:10:14,360 --> 00:10:17,679 Speaker 1: full scale deal with China. It would have got what 170 00:10:17,720 --> 00:10:20,000 Speaker 1: I called the seven Deadly sins all taken care of 171 00:10:20,360 --> 00:10:22,880 Speaker 1: through the Skinny Deal. And the tells Newt in the 172 00:10:23,000 --> 00:10:26,040 Speaker 1: Skinny Deal was that it addressed a few of the 173 00:10:26,120 --> 00:10:30,000 Speaker 1: seven Deadly sins, but it added on this provision that 174 00:10:30,160 --> 00:10:33,160 Speaker 1: we never wanted to put in there, which basically opened 175 00:10:33,240 --> 00:10:39,119 Speaker 1: up Chinese financial and credit markets two American financial institutes 176 00:10:39,160 --> 00:10:41,960 Speaker 1: on Wall Street. That was the tell of the Skinny Deal. 177 00:10:42,000 --> 00:10:45,160 Speaker 1: And right in the book, it's like when Steve Schwartzman 178 00:10:45,600 --> 00:10:47,880 Speaker 1: or Larry Fink wanted to get to sleep at night, 179 00:10:48,160 --> 00:10:51,880 Speaker 1: you know. They don't count like the weagers in snapties, 180 00:10:51,960 --> 00:10:54,800 Speaker 1: in prisons. They don't count the Chinese jets over the 181 00:10:54,840 --> 00:10:58,680 Speaker 1: Straits of Taiwan. They don't screw in the American people. 182 00:10:59,000 --> 00:11:01,839 Speaker 1: They don't count this oppression of Hong Kong. I can 183 00:11:01,880 --> 00:11:05,079 Speaker 1: go on and on. You've detailed that eloquently in your 184 00:11:05,080 --> 00:11:08,400 Speaker 1: own book. These people, it's all about the money. It's 185 00:11:08,640 --> 00:11:12,520 Speaker 1: the Manuchans, the gary Cones, the Schwartzman, the thinks. And 186 00:11:12,679 --> 00:11:15,040 Speaker 1: it's not that they don't know, it's just that they 187 00:11:15,040 --> 00:11:17,880 Speaker 1: don't care. Nude, it's all about the money. There's no 188 00:11:17,960 --> 00:11:20,920 Speaker 1: sense of nation. And that was the beauty of Donald Trump. 189 00:11:21,240 --> 00:11:25,240 Speaker 1: He didn't need their money. He didn't need corporate America's money. 190 00:11:25,679 --> 00:11:29,359 Speaker 1: He only cared about blue collar America. Turned the Republican 191 00:11:29,440 --> 00:11:32,320 Speaker 1: Party into the only party that can win, which is 192 00:11:32,320 --> 00:11:35,240 Speaker 1: the party of the working class. And I'm watching that 193 00:11:35,360 --> 00:11:37,320 Speaker 1: fight go on now for the hearts and minds of 194 00:11:37,360 --> 00:11:40,600 Speaker 1: that party between the kind of globalist wing and the 195 00:11:40,640 --> 00:11:43,080 Speaker 1: Trump wing. And you know, let's see how that turns out. 196 00:11:43,559 --> 00:11:46,560 Speaker 1: When you see this evolving, and I have to confess 197 00:11:47,400 --> 00:11:51,440 Speaker 1: I was a little surprised. Between big corporations and the 198 00:11:51,480 --> 00:11:55,000 Speaker 1: big rich how deeply in French the Chinese are, and 199 00:11:55,160 --> 00:11:59,280 Speaker 1: as Sextuary Pompeo and others have outlined, they have a 200 00:11:59,360 --> 00:12:03,280 Speaker 1: huge Chinese effort underway to penetrate our culture, and we, 201 00:12:03,440 --> 00:12:06,839 Speaker 1: I think have no idea how many Chinese assets there 202 00:12:06,880 --> 00:12:10,280 Speaker 1: are all across the American system right now, and how 203 00:12:10,360 --> 00:12:14,040 Speaker 1: much they manipulate, whether it's the National Basketball Association or 204 00:12:14,080 --> 00:12:17,240 Speaker 1: as college professors or as news media. I mean, I 205 00:12:17,320 --> 00:12:20,880 Speaker 1: know somebody who quit Bloomberg because Bloomberg had started to 206 00:12:20,920 --> 00:12:24,400 Speaker 1: do a series on corruption and the Chinese brought him 207 00:12:24,400 --> 00:12:26,120 Speaker 1: in the room and just said, you know, we're going 208 00:12:26,160 --> 00:12:29,679 Speaker 1: to destroy your company in China if you keep doing this, 209 00:12:29,840 --> 00:12:34,200 Speaker 1: and Bloomberg caved because the threat to them economically they 210 00:12:34,240 --> 00:12:37,440 Speaker 1: thought was so great. On the other hand, we're beginning 211 00:12:37,440 --> 00:12:41,280 Speaker 1: to see some companies that are literally pulling out, that 212 00:12:41,400 --> 00:12:44,880 Speaker 1: have decided that they can't operate in China because it 213 00:12:45,040 --> 00:12:48,760 Speaker 1: is a dictatorship and it does set up the Toltarian standards. 214 00:13:05,320 --> 00:13:08,560 Speaker 1: The other front here, when you talked about a journal 215 00:13:08,559 --> 00:13:13,400 Speaker 1: of America's play gear, which sort of came out of nowhere, 216 00:13:13,720 --> 00:13:17,400 Speaker 1: and everything was going amazingly well in January and February, 217 00:13:17,760 --> 00:13:21,720 Speaker 1: and suddenly BAM were hit with the Chinese virus. And 218 00:13:22,200 --> 00:13:25,120 Speaker 1: I think one of the biggest stories coming out of 219 00:13:25,120 --> 00:13:28,680 Speaker 1: all that is the role of doctor Fausci and the 220 00:13:28,760 --> 00:13:32,880 Speaker 1: degree to which we now know that he actually was 221 00:13:32,920 --> 00:13:36,320 Speaker 1: in the middle of the whole process of the experimentation, 222 00:13:36,880 --> 00:13:40,199 Speaker 1: that he knew from day one that the lab was involved. 223 00:13:40,600 --> 00:13:44,480 Speaker 1: And I'm a little astonished. And I've known Fauci since 224 00:13:44,880 --> 00:13:47,800 Speaker 1: the HIV fight in the nineteen eighties, when he played 225 00:13:47,840 --> 00:13:50,680 Speaker 1: a very big role and was a very serious scientist. 226 00:13:51,120 --> 00:13:54,959 Speaker 1: He's now become such a purely political figure that I'm 227 00:13:55,040 --> 00:13:58,680 Speaker 1: kind of surprised at how many different things he got wrong. 228 00:13:59,360 --> 00:14:01,800 Speaker 1: Was that year Spring City, in those rooms and watching 229 00:14:02,640 --> 00:14:04,880 Speaker 1: let me tell you the chapter two in in Trump 230 00:14:04,880 --> 00:14:07,360 Speaker 1: Time Book. I go into the situation room. It's a 231 00:14:07,480 --> 00:14:11,599 Speaker 1: historic day. It's January twenty eighth, twenty twenty. The President 232 00:14:11,760 --> 00:14:16,760 Speaker 1: has personally dispatched me there to bring the task Force, 233 00:14:16,800 --> 00:14:21,360 Speaker 1: which was in Nason, on side to his decision to 234 00:14:21,400 --> 00:14:26,320 Speaker 1: pull down the travel from China. All right, January twenty eighth, 235 00:14:26,440 --> 00:14:29,200 Speaker 1: twenty twenty. And I go into that room and there's 236 00:14:29,200 --> 00:14:31,600 Speaker 1: Bogies in the room. I know who's going to oppose me, 237 00:14:32,080 --> 00:14:34,280 Speaker 1: you know, Mulvaney's sitting at the end of the table, 238 00:14:34,320 --> 00:14:37,480 Speaker 1: acting Chief of Staff. I got one of Mike Pompeo's 239 00:14:37,520 --> 00:14:40,520 Speaker 1: Global as hacks on my left shoulder from the State Department, 240 00:14:40,800 --> 00:14:44,120 Speaker 1: the bumblane. Robert Redfield's over there from the CDC and 241 00:14:44,200 --> 00:14:46,840 Speaker 1: ASARS sitting here. I know I'm going to do battle 242 00:14:46,920 --> 00:14:50,920 Speaker 1: with them, but there's this little guy with round glasses on. 243 00:14:51,080 --> 00:14:53,640 Speaker 1: I didn't know this guy walked on water, didn't know 244 00:14:53,720 --> 00:14:55,760 Speaker 1: he was the saying, he's just a guy sitting across 245 00:14:55,800 --> 00:14:58,280 Speaker 1: from me in New Within a minute, I'm in a 246 00:14:58,440 --> 00:15:02,760 Speaker 1: violent shouting match with this guy and he's insisting, based 247 00:15:02,800 --> 00:15:05,920 Speaker 1: on his grand experience, that travel bands don't work. And 248 00:15:05,960 --> 00:15:08,240 Speaker 1: I said to him, you mean to tell me, if 249 00:15:08,840 --> 00:15:12,280 Speaker 1: there's twenty thousand Chinese nationals come in and every day 250 00:15:12,280 --> 00:15:16,080 Speaker 1: to Kennedy O'Hare lax, many of them lit up like 251 00:15:16,120 --> 00:15:19,560 Speaker 1: a Christmas tree with the Wuhan virus, that we're better 252 00:15:19,680 --> 00:15:22,960 Speaker 1: off having him come on down. And he just kept 253 00:15:23,040 --> 00:15:25,880 Speaker 1: saying the thing over and over again, and to your point, 254 00:15:26,120 --> 00:15:29,120 Speaker 1: I'm astonished, and I'm thinking to myself, this guy thinks 255 00:15:29,160 --> 00:15:32,280 Speaker 1: he's smarter than he is, which is always dangerous. But 256 00:15:32,400 --> 00:15:35,480 Speaker 1: he's also going to hurt the president and this country. 257 00:15:35,520 --> 00:15:38,240 Speaker 1: And here's what was the most important thing, and the 258 00:15:38,360 --> 00:15:42,280 Speaker 1: big reveal about Fauci ultimately in the in Trump time 259 00:15:42,320 --> 00:15:46,520 Speaker 1: book is the lie of omission. Dude, we know Fauci 260 00:15:46,640 --> 00:15:49,720 Speaker 1: lied to Congress about the so called gain of function 261 00:15:49,760 --> 00:15:54,240 Speaker 1: experiments which can turn harmless bat viruses into human killers. 262 00:15:54,440 --> 00:15:57,640 Speaker 1: He flat out lied about that. But let's think about this, nude. 263 00:15:57,640 --> 00:16:01,000 Speaker 1: It's January twenty, twenty twenty. What do I know. I 264 00:16:01,080 --> 00:16:04,920 Speaker 1: know that there's a pandemic in waiting in Wuhan, and 265 00:16:05,000 --> 00:16:07,840 Speaker 1: I know that from based on my writings, that China 266 00:16:08,000 --> 00:16:11,960 Speaker 1: likely created it. But what does Faucio here think about this? 267 00:16:12,280 --> 00:16:15,200 Speaker 1: Fauci knew came from Wuhan, he knew it popped up 268 00:16:15,240 --> 00:16:18,600 Speaker 1: within yards of the Wuhan lab. He knew he funded 269 00:16:18,640 --> 00:16:21,720 Speaker 1: that lab, but didn't tell anybody about it for these 270 00:16:21,760 --> 00:16:26,520 Speaker 1: gain of function experiments. And he got an email from 271 00:16:26,520 --> 00:16:29,960 Speaker 1: a prominent scientist's script saying flat out there's things in 272 00:16:30,080 --> 00:16:33,920 Speaker 1: all probability genetically engineered. Nude, you can't tell me that 273 00:16:33,920 --> 00:16:36,520 Speaker 1: that guy sitting across from me didn't know right then 274 00:16:37,000 --> 00:16:40,840 Speaker 1: that soob knew right then that that thing likely came 275 00:16:40,920 --> 00:16:44,400 Speaker 1: from the lab and was a bioweapon. And he did 276 00:16:44,480 --> 00:16:47,520 Speaker 1: not tell the president, He did not tell the task 277 00:16:47,560 --> 00:16:50,520 Speaker 1: for us, he did not tell the American people. If 278 00:16:50,560 --> 00:16:53,000 Speaker 1: he had told us nude, we would have had a 279 00:16:53,040 --> 00:16:56,480 Speaker 1: completely different strategy and could have saved millions of people's lives. 280 00:16:56,720 --> 00:16:58,720 Speaker 1: Not only did he not tell us in that life 281 00:16:58,720 --> 00:17:01,400 Speaker 1: of a mission knew, he doubled down on it in 282 00:17:01,480 --> 00:17:03,720 Speaker 1: the end Trump time book. It's the elaborate cover it 283 00:17:04,000 --> 00:17:08,000 Speaker 1: with the cutout Peter Dasik to create the false narrative 284 00:17:08,440 --> 00:17:11,240 Speaker 1: which Zucker at CNN and The New York Times ate 285 00:17:11,320 --> 00:17:14,320 Speaker 1: up that somehow this thing was from nature in a 286 00:17:14,359 --> 00:17:16,879 Speaker 1: bad cave and the Chinese Communist Party and found she 287 00:17:16,960 --> 00:17:19,680 Speaker 1: had nothing to do with it. It's the biggest lie 288 00:17:19,760 --> 00:17:22,800 Speaker 1: of omission in world history, newt and he needs to 289 00:17:22,920 --> 00:17:24,800 Speaker 1: not only be fired, he needs to be put in 290 00:17:24,800 --> 00:17:27,920 Speaker 1: a jail cell for that. It's like watching something unravel. 291 00:17:28,880 --> 00:17:30,600 Speaker 1: And here's a guy who at one time had a 292 00:17:30,640 --> 00:17:35,280 Speaker 1: great scientific reputation, but as an administrator, he not only 293 00:17:36,119 --> 00:17:41,639 Speaker 1: was undertaking very risky experiments, he was undertaking experiments that 294 00:17:41,720 --> 00:17:45,840 Speaker 1: are gruesome. I mean, apparently he funded the puppy experiment 295 00:17:45,920 --> 00:17:49,200 Speaker 1: in Tunisia, and I suspect they put it in Tunisia 296 00:17:49,560 --> 00:17:52,320 Speaker 1: because they wanted to hide it. And you go through 297 00:17:52,359 --> 00:17:55,320 Speaker 1: all these different things, and Foushi comes across the guy 298 00:17:55,359 --> 00:17:58,800 Speaker 1: whose power and fame has gone to his mind and 299 00:17:58,880 --> 00:18:01,919 Speaker 1: he now sort of reads his own press clippings. And 300 00:18:02,000 --> 00:18:03,720 Speaker 1: I agree with you. I think at a minimum, he 301 00:18:03,720 --> 00:18:06,480 Speaker 1: should be fired and he should be investigated. And I 302 00:18:06,520 --> 00:18:09,160 Speaker 1: think it's very politely that he has lied under oath 303 00:18:09,200 --> 00:18:13,080 Speaker 1: to Congress and that he has in many ways abused 304 00:18:13,119 --> 00:18:16,280 Speaker 1: his power. Let me go back though, to China from him, 305 00:18:16,640 --> 00:18:20,840 Speaker 1: because you're faced with a country which I believe I 306 00:18:20,840 --> 00:18:22,720 Speaker 1: think the Chinese aren't going to give us any choice, 307 00:18:23,160 --> 00:18:24,639 Speaker 1: and I think in the end we're going to have 308 00:18:24,680 --> 00:18:26,919 Speaker 1: to face up to it and do what it takes 309 00:18:27,240 --> 00:18:31,080 Speaker 1: to remain free and safe and to have sufficient economic 310 00:18:31,119 --> 00:18:34,960 Speaker 1: and military capability that they never decide to test us. 311 00:18:35,080 --> 00:18:40,080 Speaker 1: That requires, I think, enormous changes in our current systems. 312 00:18:40,119 --> 00:18:43,280 Speaker 1: But if you're looking at it, what would you say 313 00:18:43,280 --> 00:18:47,119 Speaker 1: to the American people are the key things that absolutely 314 00:18:47,400 --> 00:18:50,760 Speaker 1: have to be done in order for us to be 315 00:18:50,880 --> 00:18:56,239 Speaker 1: able to survive as a free country and beyond the 316 00:18:56,359 --> 00:18:59,639 Speaker 1: Chinese ability to compete with us, it's the seven deadly 317 00:18:59,720 --> 00:19:03,000 Speaker 1: sin new that popped up when I had an interview 318 00:19:03,040 --> 00:19:05,600 Speaker 1: with Chris Wallace when I was in the White House. 319 00:19:06,280 --> 00:19:10,879 Speaker 1: That's the essence of their economic aggression against the United States, 320 00:19:10,880 --> 00:19:13,200 Speaker 1: and that we would put up with any of that 321 00:19:14,160 --> 00:19:17,720 Speaker 1: is insane because they field strip us every day of 322 00:19:17,760 --> 00:19:22,040 Speaker 1: the week. It's the intellectual property taff force, technology transfers, 323 00:19:22,040 --> 00:19:27,400 Speaker 1: the currency manipulation, the subsidized dumping of products, and don't 324 00:19:27,440 --> 00:19:32,200 Speaker 1: forget the fentanyl that kills over fifty thousand Americans, many 325 00:19:32,240 --> 00:19:35,639 Speaker 1: of them in prime working age, every year. So on 326 00:19:35,760 --> 00:19:40,560 Speaker 1: the economics side, we'd have to have a zero tolerance 327 00:19:41,000 --> 00:19:44,800 Speaker 1: policy towards them, and that's why I think decoupling with 328 00:19:44,920 --> 00:19:48,680 Speaker 1: them and having strong sanctions against any commission of those 329 00:19:48,680 --> 00:19:52,359 Speaker 1: sins has to be the policy of the United States. 330 00:19:52,359 --> 00:19:55,600 Speaker 1: At the same time, you and I O Reagan guys 331 00:19:55,600 --> 00:20:00,240 Speaker 1: were peace through strength, guys. Weakness invites attacks. Right now, 332 00:20:00,320 --> 00:20:05,480 Speaker 1: Biden effectively is inviting China to invade Taiwan, and it 333 00:20:05,520 --> 00:20:09,640 Speaker 1: remains unclear how we might respond or what might spin 334 00:20:09,720 --> 00:20:13,959 Speaker 1: out of control. It's a very dangerous moment in our history, 335 00:20:13,960 --> 00:20:18,000 Speaker 1: and frankly, nude, I think the American people are angry 336 00:20:18,040 --> 00:20:22,640 Speaker 1: frustrated and confused about how they got left with Biden 337 00:20:22,720 --> 00:20:26,640 Speaker 1: in the White House, who so obviously diminished in capacity 338 00:20:26,720 --> 00:20:31,280 Speaker 1: and so obviously incompetent and feckless. We've gone in a 339 00:20:31,440 --> 00:20:35,240 Speaker 1: nanosecond when the best president in modern history to the worst, 340 00:20:35,760 --> 00:20:38,880 Speaker 1: and it's only going to get worse unless we get 341 00:20:38,920 --> 00:20:41,520 Speaker 1: to the bottom of what happened on November third and 342 00:20:41,680 --> 00:20:45,520 Speaker 1: basically have a candid discussion as Americans with each other. 343 00:20:46,040 --> 00:20:48,240 Speaker 1: But these are tough times, dude. I've never seen it 344 00:20:48,320 --> 00:20:50,359 Speaker 1: this bad from an economic point of view. We're in 345 00:20:50,480 --> 00:20:52,919 Speaker 1: for a rocky ride here. And I went through the 346 00:20:52,960 --> 00:21:10,920 Speaker 1: seventies like you did, and you remember what that was like. No, 347 00:21:11,040 --> 00:21:13,400 Speaker 1: I'm going to ask you, because you are an economist, 348 00:21:13,920 --> 00:21:16,080 Speaker 1: what's your sense of the next three or four years 349 00:21:16,560 --> 00:21:20,280 Speaker 1: the way in which the Biden administration is approaching inflation 350 00:21:20,359 --> 00:21:23,840 Speaker 1: and spending and regulations. I mean, the whole idea, let's 351 00:21:23,840 --> 00:21:26,400 Speaker 1: close down American oil and guests so we can beg 352 00:21:26,680 --> 00:21:29,359 Speaker 1: the Russians and the Saudis to send it to us. 353 00:21:29,960 --> 00:21:32,000 Speaker 1: I'm just going to be a politician in this conversation. 354 00:21:32,359 --> 00:21:35,080 Speaker 1: I have a great interest in how people feel about 355 00:21:35,080 --> 00:21:38,919 Speaker 1: the economy in October and November of twenty two, and 356 00:21:39,040 --> 00:21:41,880 Speaker 1: in October and November of twenty four. What does your 357 00:21:41,920 --> 00:21:44,400 Speaker 1: gut tell you, Well, the good news is the economy 358 00:21:44,480 --> 00:21:46,440 Speaker 1: is going to be in a position for a republican 359 00:21:46,560 --> 00:21:50,560 Speaker 1: landslide in twenty twenty two. The bad news is that 360 00:21:50,720 --> 00:21:57,679 Speaker 1: we're going to reprise the seventies stagflation. And stagflation is 361 00:21:57,720 --> 00:22:02,119 Speaker 1: this combination of slow growth or a recession, that's the 362 00:22:02,160 --> 00:22:05,920 Speaker 1: stag part with the traditional inflation. And if you look 363 00:22:05,960 --> 00:22:09,760 Speaker 1: at the seventies, that was a confluence of three factors. 364 00:22:09,800 --> 00:22:12,919 Speaker 1: You had pushing like demand pull inflation. You had a 365 00:22:12,960 --> 00:22:19,320 Speaker 1: profligate fiscal policy which was accommodated by a Federal Reserve 366 00:22:19,440 --> 00:22:22,520 Speaker 1: printing press that Arthur Burns ran, So that got the 367 00:22:22,560 --> 00:22:25,720 Speaker 1: inflation machine going. And then at the same time we 368 00:22:25,800 --> 00:22:28,919 Speaker 1: got hit with what we call an economics nude cost 369 00:22:29,080 --> 00:22:34,040 Speaker 1: push inflation from two different exogenous shocks. One was the 370 00:22:34,040 --> 00:22:38,720 Speaker 1: OPEC oil cartel embargos, which jolted energy prices, and the 371 00:22:38,760 --> 00:22:43,119 Speaker 1: other was weather related shocks which jolted food prices. And 372 00:22:43,200 --> 00:22:45,520 Speaker 1: by the way, food prices also went up with the 373 00:22:45,520 --> 00:22:49,280 Speaker 1: oil press shock. Now, if you fast forward now to 374 00:22:49,840 --> 00:22:54,240 Speaker 1: where we are, we've got the same trifecta of stagflationary 375 00:22:54,280 --> 00:22:57,560 Speaker 1: forces going on right now. The White House and Congress 376 00:22:57,560 --> 00:23:01,640 Speaker 1: have lost any kind of discipline about spending money. It's 377 00:23:01,640 --> 00:23:04,520 Speaker 1: a trillion here, a trillion there. They're just throwing money. 378 00:23:04,560 --> 00:23:07,680 Speaker 1: And the problem with that, it's not even well spent money. 379 00:23:07,680 --> 00:23:10,120 Speaker 1: If they were spending that money, I'm bringing our factories home, 380 00:23:10,280 --> 00:23:12,719 Speaker 1: I'd say, yeah, maybe that's right, but that's not what 381 00:23:12,720 --> 00:23:15,119 Speaker 1: they're doing. So we got that, We got J. Powell 382 00:23:15,119 --> 00:23:19,680 Speaker 1: at the Federal Reserve running an accommodative monetary policy. The 383 00:23:19,840 --> 00:23:23,280 Speaker 1: inflation is there, but then you've got all these pandemic 384 00:23:23,359 --> 00:23:27,879 Speaker 1: related shocks plus policy shocks. The biggest policy shock we 385 00:23:27,960 --> 00:23:31,800 Speaker 1: got now is the Biden war on fossil fuels, right, 386 00:23:31,840 --> 00:23:35,640 Speaker 1: I mean, we're the Saudi Arabia natural gas, natural gas 387 00:23:35,640 --> 00:23:38,639 Speaker 1: and gasoline prices are skyrocketing. You're absolutely right. It's a 388 00:23:38,760 --> 00:23:43,920 Speaker 1: spectacle of a Biden begging the Saudis to pump more 389 00:23:43,960 --> 00:23:47,200 Speaker 1: oil when he's cracking down on the frackers in Pennsylvania. 390 00:23:47,240 --> 00:23:50,800 Speaker 1: It's obscene. But the other shock knew that I'm really 391 00:23:50,840 --> 00:23:54,800 Speaker 1: concerned about these labor market shocks that we're seeing, plus 392 00:23:54,840 --> 00:23:58,719 Speaker 1: the supply chains being offshore. So I'm telling you twenty 393 00:23:58,760 --> 00:24:01,199 Speaker 1: twenty two, it's to be very lean. I mean, we 394 00:24:01,320 --> 00:24:05,000 Speaker 1: have a crisis on our hands. We need to recognize it. 395 00:24:05,119 --> 00:24:07,720 Speaker 1: But here's the thing, Nude, those people inside the White House, 396 00:24:07,720 --> 00:24:10,600 Speaker 1: they have no frigging clue. In twenty sixteen, I went 397 00:24:10,720 --> 00:24:13,560 Speaker 1: head to head with economic advisors that are now in 398 00:24:13,600 --> 00:24:16,359 Speaker 1: the White House, and they just don't get it, Nude. 399 00:24:16,359 --> 00:24:18,560 Speaker 1: They don't understand like you and I do, the importance 400 00:24:18,560 --> 00:24:21,600 Speaker 1: of the supply side of the economy. They don't understand 401 00:24:21,760 --> 00:24:24,520 Speaker 1: the difference between free and fair trade, and they certainly 402 00:24:24,560 --> 00:24:28,000 Speaker 1: don't understand the threat from China. And I'm hoping the 403 00:24:28,080 --> 00:24:30,439 Speaker 1: epilogue of the Entrump Time Book is kind of my 404 00:24:30,800 --> 00:24:33,680 Speaker 1: manifesto for how we get out of it. I hope 405 00:24:33,680 --> 00:24:36,200 Speaker 1: people get that far when they read it. These are 406 00:24:36,240 --> 00:24:39,120 Speaker 1: tough times new for all the reasons I suggested. When 407 00:24:39,119 --> 00:24:41,639 Speaker 1: you look at all of that, all that then also 408 00:24:41,680 --> 00:24:46,680 Speaker 1: matches up against weakening US and dealing with China, then 409 00:24:46,800 --> 00:24:49,840 Speaker 1: dealing with Russia for that matter. I'm curious because you 410 00:24:49,880 --> 00:24:51,760 Speaker 1: were in the room. I think you were one of 411 00:24:51,760 --> 00:24:55,520 Speaker 1: the few people who was with President Trump as candidate, 412 00:24:55,560 --> 00:24:58,760 Speaker 1: with him during transition, with him for four solid years, 413 00:24:59,160 --> 00:25:01,720 Speaker 1: so you've really been in a lot of meetings see 414 00:25:01,800 --> 00:25:03,920 Speaker 1: him alas what should I tell you about the kind 415 00:25:03,960 --> 00:25:07,760 Speaker 1: of guy he is? So some of the best times 416 00:25:07,840 --> 00:25:09,800 Speaker 1: I had in the White House who were sitting in 417 00:25:09,840 --> 00:25:14,600 Speaker 1: the Oval office with his top advisors participating or sometimes 418 00:25:14,640 --> 00:25:19,760 Speaker 1: just watching the process. I see the President himself as 419 00:25:19,880 --> 00:25:25,080 Speaker 1: a beautifully warm and charming individual who will be brusque 420 00:25:25,160 --> 00:25:29,320 Speaker 1: and tough with the cufflank crowd, but he would never 421 00:25:29,800 --> 00:25:33,080 Speaker 1: disrespect a mainstream person, a worker, and he's just so 422 00:25:33,280 --> 00:25:36,040 Speaker 1: very thoughtful at that level. One of the things I 423 00:25:36,080 --> 00:25:40,879 Speaker 1: always found interesting was his ability to understand what people 424 00:25:40,880 --> 00:25:44,400 Speaker 1: were saying. Very often he would stop people early into 425 00:25:44,440 --> 00:25:46,960 Speaker 1: what they were saying because he could finish their thoughts. 426 00:25:47,400 --> 00:25:51,400 Speaker 1: To me, he's like a four dimensional chess player who 427 00:25:51,440 --> 00:25:55,440 Speaker 1: sees the board. A lot of what he does might 428 00:25:55,520 --> 00:25:59,960 Speaker 1: look like chaos to the outside, but it really advanced 429 00:26:00,040 --> 00:26:02,320 Speaker 1: to say. I'll give you an example in Trump time book, 430 00:26:02,800 --> 00:26:05,600 Speaker 1: the boss is at his wits end in the middle 431 00:26:05,600 --> 00:26:08,960 Speaker 1: of his term with what's happening on the border. He's 432 00:26:09,000 --> 00:26:12,680 Speaker 1: hamstrung by the Dolly g decision and others which have 433 00:26:12,840 --> 00:26:17,520 Speaker 1: institutionalized catch and release and made the trafficking of children, 434 00:26:17,960 --> 00:26:21,000 Speaker 1: a very profitable industry for the cartels, and he's saying, no, 435 00:26:21,160 --> 00:26:24,480 Speaker 1: we got to fix this. So patsip Alone calls me 436 00:26:24,560 --> 00:26:26,919 Speaker 1: over to the office. He's the White House legal counsel, 437 00:26:26,960 --> 00:26:29,040 Speaker 1: and it's like, can we use the thread of tariffs 438 00:26:29,080 --> 00:26:31,280 Speaker 1: to pressure Mexico? And I said, sure, we could do 439 00:26:31,280 --> 00:26:33,600 Speaker 1: it under this section and the other thing. And when 440 00:26:33,600 --> 00:26:36,040 Speaker 1: we did that, it was like, this is chaos. The 441 00:26:36,080 --> 00:26:38,600 Speaker 1: Wall Street Journal went at us from the right. We 442 00:26:38,720 --> 00:26:41,560 Speaker 1: had the Times going at us from the left. Capitol 443 00:26:41,640 --> 00:26:46,160 Speaker 1: Hill was enraged. But within twenty four hours, Mexico sent 444 00:26:47,200 --> 00:26:50,200 Speaker 1: fifteen thousand troops to the border, and more importantly, new 445 00:26:50,560 --> 00:26:53,920 Speaker 1: It accepted our demand that they adopt the so called 446 00:26:53,960 --> 00:26:57,440 Speaker 1: safe Third Nation agreements, which would keep illegals on the 447 00:26:57,480 --> 00:26:59,840 Speaker 1: near side of the border. And then the Boss parlayed 448 00:27:00,080 --> 00:27:04,840 Speaker 1: that into similar agreements with the Northern Triangle countries Guatemala, 449 00:27:04,880 --> 00:27:09,480 Speaker 1: Honduras and El Salvador. Right and the boom. We settled that. Now, 450 00:27:09,720 --> 00:27:13,359 Speaker 1: to anybody from the outside, that looked like a chaotic, 451 00:27:13,560 --> 00:27:17,320 Speaker 1: kind of radical kind of approach. From the chess player Trump, 452 00:27:17,600 --> 00:27:20,440 Speaker 1: it was like a perfect move that solved the problem. 453 00:27:20,480 --> 00:27:22,920 Speaker 1: And I saw that over and over and over again. 454 00:27:22,960 --> 00:27:24,960 Speaker 1: And I love like when I talk about how we 455 00:27:25,080 --> 00:27:28,560 Speaker 1: negotiated with the Chinese, we talk about the sudden Zen 456 00:27:28,720 --> 00:27:31,600 Speaker 1: strategy in chapter one versus Dragon in a pot. You know, 457 00:27:31,800 --> 00:27:34,119 Speaker 1: do you put the trailers on right away or do 458 00:27:34,160 --> 00:27:37,800 Speaker 1: you put him on slowly and build public support. So 459 00:27:38,080 --> 00:27:43,320 Speaker 1: my point is that just a brilliant master strategist, and 460 00:27:43,480 --> 00:27:46,159 Speaker 1: I think a lot of people don't understand both his 461 00:27:46,359 --> 00:27:49,119 Speaker 1: humanity and his genius which he likes to call himself. 462 00:27:49,119 --> 00:27:51,159 Speaker 1: But he's not wrong. Yeah. I found him to be 463 00:27:51,600 --> 00:27:55,760 Speaker 1: remarkably able to cut through the bologna and force changes 464 00:27:56,040 --> 00:27:59,639 Speaker 1: on a scale, and I think was remarkable, very different 465 00:27:59,680 --> 00:28:02,159 Speaker 1: from Reagan, but the two of them are far and 466 00:28:02,200 --> 00:28:05,400 Speaker 1: away the most effective of taking on the old order 467 00:28:05,720 --> 00:28:10,600 Speaker 1: and taking on the establishment and creating new policy structures. 468 00:28:10,680 --> 00:28:14,560 Speaker 1: And I think that it was a tragedy that the 469 00:28:14,600 --> 00:28:19,640 Speaker 1: COVID pandemic undercut what it was really an astonishing set 470 00:28:19,680 --> 00:28:22,639 Speaker 1: of achievements. And my guess is that the average Americans 471 00:28:22,680 --> 00:28:24,480 Speaker 1: have been realized that, and you see in the polling 472 00:28:24,560 --> 00:28:28,040 Speaker 1: numbers that actually Trump was so much better than Biden 473 00:28:28,560 --> 00:28:31,400 Speaker 1: that in all the recent polls, if they had a rematch, 474 00:28:31,440 --> 00:28:33,760 Speaker 1: Trump would win, and I think thus just going to 475 00:28:33,840 --> 00:28:36,680 Speaker 1: get more and more apparent as things go on. Peter, 476 00:28:36,840 --> 00:28:39,120 Speaker 1: I want to thank you for joining me. I think 477 00:28:39,160 --> 00:28:42,520 Speaker 1: your new book in Trump Time, A Journal of America's 478 00:28:42,520 --> 00:28:46,360 Speaker 1: play Gear, is a remarkably candid account of the inner 479 00:28:46,360 --> 00:28:49,240 Speaker 1: workings of the Trump administration during that last year and 480 00:28:49,360 --> 00:28:52,320 Speaker 1: everything the President and his staff endured. I think it's 481 00:28:52,320 --> 00:28:55,360 Speaker 1: going to provide very valuable information for historians in the 482 00:28:55,400 --> 00:28:58,880 Speaker 1: years to come. Your works on China are a landmark 483 00:28:59,280 --> 00:29:02,320 Speaker 1: in helping the country up to the greatest threat to 484 00:29:02,360 --> 00:29:06,240 Speaker 1: our survival, literally our survival, and for our listeners. We're 485 00:29:06,240 --> 00:29:08,920 Speaker 1: gonna have a link to purchase In Trump Time on 486 00:29:09,040 --> 00:29:13,000 Speaker 1: our showpage at Newtsworld dot com. And I really appreciate 487 00:29:13,040 --> 00:29:16,040 Speaker 1: your taking this time to educate us. Great honor, sir, 488 00:29:16,120 --> 00:29:18,720 Speaker 1: to be with you. You've made so many contributions to 489 00:29:18,760 --> 00:29:21,360 Speaker 1: this country, and just to be here with you today, 490 00:29:21,600 --> 00:29:27,320 Speaker 1: it's an honor. Thank you. Thank you. To my guest 491 00:29:27,480 --> 00:29:30,080 Speaker 1: doctor Peter Navarro. You can get a link to buy 492 00:29:30,120 --> 00:29:33,840 Speaker 1: his new book in Trumptime, A Journal of America's play 493 00:29:33,920 --> 00:29:38,120 Speaker 1: Gear on our show page at Newtsworld dot com. Newtsworld 494 00:29:38,200 --> 00:29:42,320 Speaker 1: is produced by Gingwich thwreeet sixty and iHeartMedia. Our executive 495 00:29:42,360 --> 00:29:46,120 Speaker 1: producer is Debbie Myers, our producer is Guarnsey Sloan, and 496 00:29:46,200 --> 00:29:50,160 Speaker 1: our researcher is Rachel Peterson. The artwork for the show 497 00:29:50,560 --> 00:29:54,400 Speaker 1: was created by Steve Penley. Special thanks the team at 498 00:29:54,400 --> 00:29:58,000 Speaker 1: Gingwich three sixty. If you've been enjoying Newtsworld, I hope 499 00:29:58,000 --> 00:30:01,200 Speaker 1: you'll go to Apple Podcast both rate us with five 500 00:30:01,280 --> 00:30:04,680 Speaker 1: stars and give us a review so others can learn 501 00:30:04,720 --> 00:30:07,840 Speaker 1: what it's all about. Right now, listeners of newts World 502 00:30:07,880 --> 00:30:11,240 Speaker 1: can sign up for my three free weekly columns at 503 00:30:11,280 --> 00:30:16,080 Speaker 1: Gangwich three sixty dot com slash newsletter. I'm Newt Gingrich. 504 00:30:16,640 --> 00:30:17,719 Speaker 1: This is Newtsworld.