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Speaker 1: Letter rip.

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Speaker 2: Are the numbers I'm seeing on my screen correct?

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Speaker 3: Here for the Dow?

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Speaker 2: Are we up seven eight hundred and forty points right now?

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Speaker 2: I'm watching this literally glitching and gap more up nine

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Speaker 2: hundred points?

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Speaker 3: This is yeah, okay there, wow.

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Speaker 2: Our charts can't even keep up with how quickly these

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Speaker 2: numerical moves are happening.

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Speaker 3: We are at session highs.

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Speaker 4: Emily, are just sifting through everything that we're seeing in

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Speaker 4: this true social post, But two major developments I'm going

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Speaker 4: to go first. That the President says he is authorizing

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Speaker 4: a ninety day pause and substantially lowering the reciprocal tariff

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Speaker 4: during this period of ten percent effective immediately.

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Speaker 3: There's some fuzzy language here.

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Speaker 4: The upshot is that there's a ninety day pause in

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Speaker 4: the reciprocal tariff. What I'm not clear on is whether

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Speaker 4: we go to zero during that time or two back

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Speaker 4: where we were, or if the ten percent tariff remains

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Speaker 4: in place. Either way a major step forward. The President

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Speaker 4: says that this is because more than seventy five countries

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Speaker 4: have called representatives of the United States. Negotiations are ongoing,

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Speaker 4: and so he's instituting this ninety day pause in the meantime,

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Speaker 4: on the other hand, some negative news on China, saying

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Speaker 4: that based on the lack of respect that China has

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Speaker 4: shown to the world's markets, he's raising the tariff on

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Speaker 4: China to one hundred and twenty five percent. That's, of

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Speaker 4: course up from the one hundred and four percent that

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Speaker 4: took effect just at midnight, now going even higher to

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Speaker 4: one hundred and twenty five percent, because he does not

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Speaker 4: like the way China has been retaliating rather than coming

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Speaker 4: to the United States and wanting to negotiate. So two

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Speaker 4: major step forwards here, one obviously very good for the markets.

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Speaker 3: You're seeing the markets react to that.

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Speaker 4: The other one on China looking like, you know, they

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Speaker 4: don't like the lack of respect that they see. So

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Speaker 4: we are looking at a world in which things continue

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Speaker 4: to get worse with China one of our largest trading

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Speaker 4: partners but of course not the largest, but getting much

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Speaker 4: better with everybody else, at least temporarily while these negotiations,

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Speaker 4: Kelly are ongoing.

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Speaker 1: Rally for stocks after news President Trump is pausing reciprocal

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Speaker 1: tariffs on countries that did not retaliate, but holding them

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Speaker 1: at that baseline of ten percent.

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Speaker 5: China the exception they're the down up nearly three thousand points.

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Speaker 1: S and P up nine and a half percent, NASDAC

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Speaker 1: up twelve.

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Speaker 5: Charles, this is one of the greatest days in American

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Speaker 5: economic history we have had. I think we're going to

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Speaker 5: call it the Art of the Reciprocal Trade Deal.

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Speaker 6: And I'll tell you all the.

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Speaker 5: Nervous Nelly's on Wall Street who try to undermine us

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Speaker 5: consistently underestimate the power of the President to negotiate.

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Speaker 6: What have we got here.

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Speaker 5: We are at a place now where we have a

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Speaker 5: broad based ten percent global tariff on well we negotiate

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Speaker 5: over the next ninety days with all of these countries

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Speaker 5: who have come to us, and the mission Charles, in

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Speaker 5: these negotiations is to dramatically reduce our trade deficit level

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Speaker 5: of planes. They get rid of all the tariff differentials,

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Speaker 5: get rid of all with non tariff barriers down fifty thousand, Charles.

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Speaker 6: I've said this before.

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Speaker 5: It's going to hit that we're going to have a

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Speaker 5: broad based recovery in the S and B five hundred.

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Speaker 1: As we told you, remember are saying here also is

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Speaker 1: that the bond markets turfed out more governments than Howarzer's

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Speaker 1: A little while ago, the bond market kind of froze

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Speaker 1: up and ten year treasure ten year treasury popped to

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Speaker 1: four point five percent. Remember the other day we were

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Speaker 1: on the show, it was down. I think it hit

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Speaker 1: three point nine three point ninety five. That was kind

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Speaker 1: of irregular. I'm not saying liquidity, but irregularly purseries back down.

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Speaker 1: And I believe that is twofold number one, not just

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Speaker 1: the tariff situation, but now this outright throw down between

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Speaker 1: the Chinese companies part of the United States. But in addition,

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Speaker 1: I think it's just starting to think through the Senate bill,

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Speaker 1: of which is being pushed for the President, and I

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Speaker 1: can tell you there's some spending there. People don't understand

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Speaker 1: the scratching our hits, including her Jamie Dimond. There are

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Speaker 1: one treeon dollar defense bill, and I don't know how

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Speaker 1: that's aligned with hemispheric defense because.

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Speaker 6: It does take guts, bleed me the markets that persuaded

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Speaker 6: you to reverse. I was watching the bond market. That

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Speaker 6: bond market is very tricky.

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Speaker 7: I was watching it, but if you look at it now,

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Speaker 7: it's beautiful.

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Speaker 8: The bond market right now is beautiful.

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Speaker 7: But yeah, I saw last night where people were getting

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Speaker 7: a little queasy.

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Speaker 3: I think everything had well.

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Speaker 6: The big move wasn't what I did today.

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Speaker 1: The big move was what I did on Liberation Day.

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Speaker 1: We had Liberation Day in America.

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Speaker 9: Were liberated from all of the horrible deals that were made,

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Speaker 9: all though the horrible trade deals that were made.

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Speaker 7: And I was helped by people just like this Senator,

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Speaker 7: congressman and friends, right, and we had great help in

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Speaker 7: the Senate. Of course, Republican senators have been amazing. They

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Speaker 7: stood tall and likewise in the House.

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Speaker 1: And John, there are decades in which nothing happens, and

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Speaker 1: there are weeks in which decades happened. Welcome to that week.

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Speaker 1: One of those weeks, and there've been many. With President Trump,

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Speaker 1: a full blown it's gone beyond tarrifs, has gone beyond trade.

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Speaker 1: It's a full, full on you can't call it anything

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Speaker 1: else but an economic war between the Chinese Commists Party

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Speaker 1: in the United States. Chinese Commists Party ratchet up retaliatory

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Speaker 1: measures last night, tariffs and others, and they've got a

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Speaker 1: full toolbox. The Wall Street Journal has a really smart

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Speaker 1: article up about how they've been prepping for this war

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Speaker 1: economic war. They've already been engaged in economic war with

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Speaker 1: US unconventional warfare, unrestricted warfare. But they've been planning on

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Speaker 1: this for many, many years, and now we're fully on it.

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Speaker 10: As I said, the given in ninety days and they

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Speaker 10: only certainly weak provide is that the US is going

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Speaker 10: to negotiate in their faith and we assume that our

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Speaker 10: allies will do and in terms of certainty, we will

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Speaker 10: see what China does. But what I am certain of,

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Speaker 10: what I'm certain of is that what China is doing

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Speaker 10: will affect their economy much more than a will ours,

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Speaker 10: because they have an export driven flood the world with

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Speaker 10: cheap export models. And the rest of the world now

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Speaker 10: understands because when we put up our care wall, those

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Speaker 10: exports were already flowing to the rest of the.

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Speaker 6: G seven and to the global seuth.

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Speaker 11: And you, Jacquary, we were just saying very how much

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Speaker 11: of this decision was driven by the bond market creating

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Speaker 11: overnight what's happening on China selling their bond.

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Speaker 10: I have nothing that says that, and we actually had

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Speaker 10: quite a good tenure auction today. And all this was again,

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Speaker 10: this was driven by the President's strategy. He and I

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Speaker 10: had a long talk on Sunday, and this was his

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Speaker 10: strategy along and that you know, you might even say

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Speaker 10: that he go to China into a bad position. They responded,

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Speaker 10: they have shown themselves to the world to be the

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Speaker 10: bad actors, and we are willing to cooperate with our

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Speaker 10: allies and with our.

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Speaker 1: Trading partners who did not retaliate.

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Speaker 10: It wasn't a hard message, don't retaliate.

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Speaker 6: Things will turn out well.

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Speaker 12: Just in the last few weeks, Nicole I had been

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Speaker 12: having conversations with my colleagues who also cover foreign policy

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Speaker 12: national security, saying, isn't it interesting how little we're hearing

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Speaker 12: about China.

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Speaker 3: You know, during the campaign and over his career, President Trump.

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Speaker 12: Has been kind of obsessed with China, and he has

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Speaker 12: so many China Hawks in his administration who say that

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Speaker 12: China is the biggest threat to the United States. But

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Speaker 12: there was you know, there were virtually no policy pronouncements,

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Speaker 12: and now here we go.

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Speaker 6: We are in this conflict with China.

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Speaker 12: And as you say, based in part on China's political

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Speaker 12: culture also the fragility of its economy, the Chinese are

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Speaker 12: not going to back down. By any sign that we've

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Speaker 12: seen they are. The exesiin Ping is going to stand

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Speaker 12: up show that he can't be cabbed by President Trump.

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Speaker 12: Nationalism is already starting to flare in that country, and

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Speaker 12: you could get into an escalatory cycle that not only

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Speaker 12: has these economic implications, but can have security implications that

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Speaker 12: can become quite dangerous. So we went from China seeming

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Speaker 12: to be on the back burner to now suddenly you know,

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Speaker 12: we're in the thick of it with China, not only

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Speaker 12: economically but in security terms. And again the question is

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Speaker 12: can that escalation be controlled as you have two leaders

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Speaker 12: who are going to have to show that they are

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Speaker 12: tough and will not back down from one another, and

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Speaker 12: that can be dangerous.

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Speaker 1: This is the primal scream of a dining lergy. Pray

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Speaker 1: for our enemies because we're going to medieval on these people.

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Speaker 1: There's not got a free shot. All these networks by

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Speaker 1: about the people. The people have had a belly full

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Speaker 1: of it. I know you don't like hearing that. I

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Speaker 1: know you tried to do everything in the world to

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Speaker 1: stop that, but you're not going to stop it. It's

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Speaker 1: going to happen.

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Speaker 6: And where do people like that go to share the

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Speaker 6: big line? Mega media?

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Speaker 1: I wish in my soul, I wish that any of

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Speaker 1: these people had a conscience. Ask yourself, what is my

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Speaker 1: task and what is my purpose. If that answer is

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Speaker 1: to save my country, this country will be saved. War Room.

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

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Speaker 1: Ban Wednesday, nine April, in the year of Our Lord,

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Speaker 1: twenty twenty five. I told you this morning at the

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Speaker 1: start of the show about decades when nothing happens, weeks

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Speaker 1: where decades happened. This is going to be that kind

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Speaker 1: of day if you watch the show this morning. Saw

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Speaker 1: a concern about the bond market. Obviously the President shared

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Speaker 1: that concern. There was a good auction or an okay

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Speaker 1: auction before Secretary Treasury A. Bessent went over to the

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Speaker 1: White House early in the afternoon. The also, I think

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Speaker 1: Matt Boyle reporting from Greece and Caroline Wren from the

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Speaker 1: other side of the globe and Kuala Lumpur showed that

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Speaker 1: the countries of the world want to unite with the

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Speaker 1: United States economically against China, and these are trading partners.

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Speaker 1: And remember reciprocity is key. With Peter Navarro us I

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Speaker 1: saw some people saying, oh, it's a Bessent and Elon

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Speaker 1: Moss versus Ludnik and the Navarro John Cardilla that's idiot talk.

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Speaker 6: Uh.

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Speaker 1: Elon Muss was a guy that went out of his

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Speaker 1: way to crush Scott Bessant and Elon Muss. His only

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Speaker 1: concern is the Chinese Communist Party. The Chinese Communist Party today,

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Speaker 1: the Chinese Commist Party got crush from Michael Crowley right there,

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Speaker 1: summed it up New York Times, a diplomatic correspondent. We're

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Speaker 1: a long way from this thing being over tonight. Get ready.

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Speaker 1: She is not going to back down on this. He

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Speaker 1: can't back down on this. The reason he can't back down,

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Speaker 1: if he was to back down, to show any softness whatsoever,

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Speaker 1: he would be overthrown either by his military. This is

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Speaker 1: why he's been purging the PLA over the last two years,

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Speaker 1: massive purges in the senior ranks, kind of like Stalin

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Speaker 1: did before World War Two in the nineteen thirties, at

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Speaker 1: the senior levels of the Red Army. She has been

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Speaker 1: doing the exact same thing. She understands that he is

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Speaker 1: judged by how he stands up to the United States

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Speaker 1: of America. That's how he's really judged by the hardcore.

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Speaker 1: They have many many super hawks over there that are

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Speaker 1: just rare, and to get it on with the United

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Speaker 1: States of America. This is one of the reasons you

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Speaker 1: have to decouple the Chinese companies party. It's impossible to

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Speaker 1: do a deal with We learned this in twenty nineteen,

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Speaker 1: as I keep saying over and over again, when we

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Speaker 1: had the lightheartsed deal. This morning, President Trump, you know

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Speaker 1: you say Lada trap the three things. So just think

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Speaker 1: this true. And number one we've talked about you need

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Speaker 1: to have a process. You had had you had Liberation Day,

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Speaker 1: and then the nations of the world are piling in here.

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Speaker 1: Some say, hey, I don't understand the formula. Some are saying, hey,

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Speaker 1: I understand the formula, but I think you might be wrong.

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Speaker 1: Some are saying, hey, I understand the formula, but my

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Speaker 1: reciprocity is different. I understanding when to get to reciprocity.

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Speaker 1: All of them, and particularly the biggest trading nations, have

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Speaker 1: all wanted to come over here and cut deals. As

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Speaker 1: Caroline Red said this morning from Kualalan, poor all of

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Speaker 1: Southeast Asia, and we know Japan had dinner with Scott

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Speaker 1: Bess and last night the Koreans are heading over. Vietnam's

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Speaker 1: already hear and she was putting out the word you're

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Speaker 1: not going to do this. You need to come back.

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Speaker 1: You're in our camp. So this is about you had

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Speaker 1: to have a process. I think the process they chose

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Speaker 1: to keep the ten percent on or remember ten percent

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Speaker 1: tariff is not small. Ten percent tariff is four or

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Speaker 1: five times some other you know, other times they had

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Speaker 1: terrorist so that in and of itself is not tiny.

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Speaker 1: The reciprocity piece will be worked through, as people were,

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Speaker 1: because it's going to These are complicated. Remember it's just

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Speaker 1: not the numerical tariff that you've got, it's also all

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Speaker 1: the non tariff barriers. But the important thing is he

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Speaker 1: had Scott Bessen, under President Trump's guidance, warned China, warned

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Speaker 1: them on Saturday, and warn them on Sunday, don't come back.

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Speaker 1: If you strike back, it's going to be bad news.

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Speaker 1: And they struck back hard, and President Trump then struck

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Speaker 1: back even harder, and the market of course took off

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Speaker 1: Number one. It is the it is the you know,

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Speaker 1: the process. They liked the ninety days. However, there is

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Speaker 1: a mother of all short squeezes in there, and a

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Speaker 1: couple of these stocks. People were betting against President Trump,

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Speaker 1: they were betting against MAGA, they were betting against the

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Speaker 1: United States, and they were betting against these companies. They

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Speaker 1: got squeezed because remember when you short like that and

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Speaker 1: you're leveraged, it's an unlimited amount of money, infinite amount

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Speaker 1: of money you can lose, not like buying a stock

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Speaker 1: and going along because we buy stocked to only go

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Speaker 1: to zero. Historic day in the markets now almost three

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Speaker 1: thousand points up, broke forty thousand, gold brooke thirty one

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Speaker 1: hundred for a while backed off. I think it's three

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Speaker 1: thousand and ninety eight. You've got to learn the process there.

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Speaker 1: The ten year which was jiggy. The ten year market

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Speaker 1: when we started the show this morning was kind of frozen.

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Speaker 1: That is not good, ladies and gentlemen. That is not good,

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Speaker 1: and that does not happen very often US government securities,

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Speaker 1: particularly the ten year, which is the one that as

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Speaker 1: you've we taught you the whole world and your financial

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Speaker 1: life is off of your credit cards, all of it. Okay,

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Speaker 1: we're going to White House. We got natally the White

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Speaker 1: House Day. Bratt is here. We're going to walk you

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Speaker 1: through all of it. What happened today, what you have

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Speaker 1: to understand from that, the process about it. More importantly,

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Speaker 1: what is to come in the war room. Confuse your host,

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Speaker 1: Stephen K. Birch Gold dot com. I told you we're

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Speaker 1: here to teach you the process. Take your phone out,

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Speaker 1: text Bannon at nine eight nine eight nine eight. Get

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Speaker 1: the ultimate guide from investing in gold and precious measure

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Speaker 1: metals in the era of Trump, and you get to

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Speaker 1: know Philipatrian the team. Look, it's at twenty nine hundreds

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Speaker 1: back over thirty one hundred. It's not the price in

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Speaker 1: the price wings. This is quite abnormal. You have to

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Speaker 1: understand what is going on here in back of that,

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Speaker 1: the pattern recognition, and that's what Birch Gold will help

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Speaker 1: you to understand. Plus the end of the dollar empire,

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Speaker 1: as the Chinese Counties Party is now upfront saying hey,

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Speaker 1: they're going to lead a de dollarization effort. Don't think

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Speaker 1: this is over by a long shot, folks. It was

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Speaker 1: a It was a great move of President Trump today.

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Speaker 1: There was a short squeeze and also people pound it

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Speaker 1: in and say, hey, Trump is back. So there's a

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Speaker 1: lot of good there. The process to get these done

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Speaker 1: and to keep Russell prose, which is absolutely what President

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Speaker 1: Trump is focused on, bringing jobs back, which is his

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Speaker 1: number one priority, and now in an economic war with

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Speaker 1: she who really can't, who's not in a position to

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Speaker 1: back down. This is what I'm saying, things other than

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Speaker 1: just tariff and trade, and you know, like the kinetic

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Speaker 1: part of this, which may start quite frankly with us

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Speaker 1: in Mexico against their partners, the cartels, or it may

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Speaker 1: start around Taiwan. Stay tuned. This is why the show

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Speaker 1: is for you is more vital than ever. Natalie Winders

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Speaker 1: over in Congress. Of course, zero hedge head hit best.

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Speaker 1: The zero Hedge guys had an incredible tweet up today

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Speaker 1: that said, and now this is after the story broke,

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Speaker 1: and it was obviously the focus on economic warfare, the

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Speaker 1: Chinese Commist party in the in the market started to run.

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Speaker 1: The guys who are at zero hedge put up a

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Speaker 1: tweet and now we can go back to your regular

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Speaker 1: scheduled one tree and they one tree in dollars in

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Speaker 1: debt increase every one hundred days. So they voted in

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Speaker 1: the Senate. It's just it's just procedure. WI have been

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Speaker 1: promise cuts. We're getting them that. When we got time,

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Speaker 1: quite a day at the White House, miss Winters.

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Speaker 11: Yes, quite a day, indeed, just getting here. They always

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Speaker 11: are having press s gaggles. We've already had a ton today.

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Speaker 11: Right now, Transportation Secretary Duffy is speaking to reporters. I

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Speaker 11: saw Commerce Secretary Lutnik walk by not too long ago.

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Speaker 11: If you were to ask me what exactly the messaging

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Speaker 11: the strategy is, I think you're watching it develop right

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Speaker 11: now in real time on the big networks, at the sticks,

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Speaker 11: at the press skaggle. But I really think confidence is

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Speaker 11: eminating from the White House today, the rebound that we saw,

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Speaker 11: I think the strategy worked. I think Caroline Lovett said

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Speaker 11: it best this morning.

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Speaker 3: Speaking to reporters. They all got played, they all got fooled.

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Speaker 11: This has been obviously the strategy all along, but overall

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Speaker 11: from the Comm's angle side of things to each cabinet secretariat,

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Speaker 11: seems like they're really eminating confidence and that they know

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Speaker 11: what they're doing, contrary to I think the narrative we've

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Speaker 11: heard coming out from my legacy media colleagues.

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Speaker 6: Recorded that he does.

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Speaker 1: Natalie Crowley says some of the things very important, Like

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Speaker 1: I said, President Trump ran because of the thing of

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Speaker 1: the United States being ripped off, being deindustrialized, the whole

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Speaker 1: thing around trade. But the center of gravity that has

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Speaker 1: always been as we keep putting back to the Financial Times,

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Speaker 1: that got right, President Trump in a defiant move against Beijing.

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Speaker 1: About the Chinese Commanist Party. You've been since you've been

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Speaker 1: an intern for US and for Raheem, your research originally

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Speaker 1: started in things like the Chinese Commediests Party and how

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Speaker 1: they're infiltrated everywhere, how they're ripping us off. You know,

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Speaker 1: Crowley said, hey, Trump is a China hawk and he

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Speaker 1: surrounded himself with China hawks. Big how big a how

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Speaker 1: significant was that? And how this played out today?

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Speaker 11: Well, I'm always honored to turned to my anti CCP

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Speaker 11: tradition here in the war room.

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Speaker 3: But look, I think I'm getting a sense of.

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Speaker 11: Dejas vous, although maybe PTSD is a better way to

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Speaker 11: describe it.

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Speaker 3: Really to COVID, the COVID panic, What do I mean

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Speaker 3: by that?

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Speaker 11: First and foremost, the idea that what was going to

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Speaker 11: be a pandemic that was going to destroy the world,

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Speaker 11: just like it was going to be what a recession

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Speaker 11: that was going to destroy the world. Well, that obviously

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Speaker 11: didn't happen, but more precisely to that point, I think

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Speaker 11: the duking it out right over the natural origins versus

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Speaker 11: the Wuhan Institute of Virology lab origins. We saw this really,

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Speaker 11: I think massive moment happened where you had a hardcore

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Speaker 11: Chinese Communist Party propagandists who are on the payroll directly

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Speaker 11: of the Chinese Communist Party, like we expose, saying no, no,

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Speaker 11: this developed naturally, and then the other voices like ours,

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Speaker 11: the independent ones were saying no, obviously it was a

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Speaker 11: man made it was created through gain of function research.

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Speaker 11: Why do I bring that up because those same voices

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Speaker 11: that were weaponized, right, that same sort of propaganda that

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Speaker 11: you heard to say, COVID developed you know, naturally in

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Speaker 11: the bat cave or whatever. It's the same similar information

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Speaker 11: warfare si OP that I think we heard now not

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Speaker 11: in the confines of biological research. But when it comes

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Speaker 11: to the stock market, when it comes to these tariffs,

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Speaker 11: and we can get into the intricacies, but a lot

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Speaker 11: of the think tanks that you're hearing the ex the

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Speaker 11: so called experts, I guess there you go trust the experts.

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Speaker 11: That also cross applies here too. But the people that

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Speaker 11: you're hearing being pumped across the airwaves on legacy media

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Speaker 11: are all a part of these think tanks. All are academics, parties,

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Speaker 11: institutions that have been on the take on the payroll

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Speaker 11: from the Chinese Communist Party for decades. And I know

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Speaker 11: our side always loves to say, oh so and so

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Speaker 11: is you know, bought and paid for by the Chinese

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Speaker 11: Communist Party. That's an understatement, right when you understand the

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Speaker 11: way that the Chinese Communist Party has systematically waged political

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Speaker 11: warfare to target not just the Achilles heel of the

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Speaker 11: American system, but the American political system in its entirety. Right,

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Speaker 11: don't miss the forest for the trees, Hunter Biden is

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Speaker 11: one of many. They've done that time and time and

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Speaker 11: time again. All of these voices that are now criticizing

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Speaker 11: President Trump in this trade war, which, by the way,

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Speaker 11: I reject that phrasing. It's the Chinese Communist Party that

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Speaker 11: started this to begin with. That's victim blaming. It's the

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Speaker 11: American people who have been besieged by the Chinese Communist

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Speaker 11: Party through intellectual property theft, illegal trade exports and subsidies,

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Speaker 11: currency manipulation, all these sort of non tariff barriers that

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Speaker 11: the Trump administration is talking about, while their legacy media

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Speaker 11: counterparts are too dumb to even know that currency manipulation

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Speaker 11: exists at a rate of what is at thirty to

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Speaker 11: forty cents on the dollar. So this is a much

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Speaker 11: bigger issue of the tariffs I think right now are

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Speaker 11: sort of the latest theater of war that we're seeing

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Speaker 11: the Chinese Communist Party influence ops syops, you know, run

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Speaker 11: out on.

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Speaker 3: But this is just like COVID. Our audience is always

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Speaker 3: ahead of the curve.

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Speaker 11: We're always steely eyed, we understand, we stay frosty on

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Speaker 11: the syops. I don't think the same can be said

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Speaker 11: for my colleagues here. But it's the same lying and

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Speaker 11: deceitful actors that are very in bed with the Chinese

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Speaker 11: Communist Party that are telling us that these tariffs are

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Speaker 11: detrimental to the United States of America.

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Speaker 1: The running dogs has going. You got a clip, let's

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Speaker 1: go and play it, and then we'll bring you back

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Speaker 1: in some observations. Well, I think it'll be a devastating impact.

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Speaker 9: I mean, for one thing, we've already seen in two

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Speaker 9: business days Thursday and Friday, after he announced on Wednesday

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Speaker 9: the launching of all of these new tariffs, that in

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Speaker 9: two short days, the United States stock markets lost six

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Speaker 9: trillion dollars six trillion dollars in wealth. I don't think

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Speaker 9: we've ever seen anything like that in history. I think

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Speaker 9: you'd have to go back to the Great Depression and

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Speaker 9: the Crash of nineteen twenty nine to see anything on

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Speaker 9: this type of scale, and even that may not be

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Speaker 9: quite the same. This is going to go down as

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Speaker 9: one of the most egregious self inflicted wounds and unforced

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Speaker 9: errors that we have ever made as a nation in

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Speaker 9: any area of trade policy or economic policy. So the

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Speaker 9: bottom line is it's going to do several things. Number One,

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Speaker 9: it's obviously going to raise prices and contribute mightily to inflation.

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Speaker 9: Number Two, it's going to ultimately result in net job

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Speaker 9: loss because American producers will be having to pay more

437
00:23:04,080 --> 00:23:07,040
Speaker 9: for the inputs for their final products. That means that

438
00:23:07,119 --> 00:23:09,359
Speaker 9: they'll have to raise their prices on the products. That

439
00:23:09,520 --> 00:23:11,760
Speaker 9: means fewer people will buy the products, and that means

440
00:23:11,800 --> 00:23:13,720
Speaker 9: that the factories will have to lay people off. That's

441
00:23:13,760 --> 00:23:17,640
Speaker 9: what happened the first time before COVID under the Trump economy.

442
00:23:17,720 --> 00:23:20,879
Speaker 9: Under these policies, the United States lost two hundred and

443
00:23:20,960 --> 00:23:23,399
Speaker 9: fifty thousand manufacturing jobs.

444
00:23:23,440 --> 00:23:25,960
Speaker 6: So we know how this goes.

445
00:23:26,960 --> 00:23:28,480
Speaker 9: And so in all of those ways. It's going to

446
00:23:28,520 --> 00:23:31,360
Speaker 9: be devastating, and of course it's leading to the weakening

447
00:23:31,440 --> 00:23:34,680
Speaker 9: of the dollar and according to many economists, a much

448
00:23:34,760 --> 00:23:37,600
Speaker 9: greater likelihood of a recession. And none of this had

449
00:23:37,680 --> 00:23:42,680
Speaker 9: to happen, So it's very self inflicted and really economic

450
00:23:42,800 --> 00:23:45,800
Speaker 9: mismanagement at a level that I don't know that we've.

451
00:23:45,680 --> 00:23:50,359
Speaker 1: Ever seen in the modern history. Are they in the

452
00:23:50,440 --> 00:23:51,000
Speaker 1: mumble tank?

453
00:23:51,080 --> 00:23:51,159
Speaker 7: Now?

454
00:23:51,240 --> 00:23:54,080
Speaker 1: They're not going to get their great depression this week, ma'am.

455
00:23:56,080 --> 00:23:58,760
Speaker 11: Well, Stephen Kvan and you adjust miss Peter Navarro walking by.

456
00:23:58,880 --> 00:24:01,359
Speaker 11: He told me to send his guards to the posse.

457
00:24:01,920 --> 00:24:04,000
Speaker 11: But just to contextualize who that is, I know we

458
00:24:04,080 --> 00:24:06,640
Speaker 11: love the term running dogs here, but that's a full

459
00:24:06,680 --> 00:24:09,920
Speaker 11: blown trader. That's David Feierstein, who is the CEO of

460
00:24:10,000 --> 00:24:13,040
Speaker 11: the Bush China Center. Now, what they don't tell you

461
00:24:13,080 --> 00:24:14,879
Speaker 11: about the Bush China Center, and what I won't tell

462
00:24:14,880 --> 00:24:16,560
Speaker 11: you about that interview I guess they won't tell you,

463
00:24:16,720 --> 00:24:20,320
Speaker 11: is that he was running to Chinese state run television

464
00:24:20,480 --> 00:24:22,520
Speaker 11: to dunk on President Trump's tariffs.

465
00:24:22,760 --> 00:24:25,080
Speaker 3: I stand by my treesonists claim and trader claim.

466
00:24:25,320 --> 00:24:28,359
Speaker 11: But what's more interesting is what he doesn't disclose is

467
00:24:28,400 --> 00:24:31,639
Speaker 11: that that group, the Bush China Center is directly on

468
00:24:31,720 --> 00:24:34,440
Speaker 11: the payroll of a Chinese Communist Party run influence group

469
00:24:34,520 --> 00:24:38,399
Speaker 11: known as the China United States Exchange Foundation. They notoriously

470
00:24:38,440 --> 00:24:41,040
Speaker 11: signed a five year, one million dollar a year contract

471
00:24:41,119 --> 00:24:43,760
Speaker 11: to basically parrot Chinese Communist Party talking points.

472
00:24:44,080 --> 00:24:45,919
Speaker 3: That interview you see right there is what they call

473
00:24:46,000 --> 00:24:47,240
Speaker 3: I guess an roi.

474
00:24:47,520 --> 00:24:49,439
Speaker 11: But more to that point, each year they were only

475
00:24:49,480 --> 00:24:51,639
Speaker 11: bringing in about one point two million dollars. So the

476
00:24:51,680 --> 00:24:53,880
Speaker 11: buried lead there being that it was the China United

477
00:24:53,920 --> 00:24:58,240
Speaker 11: States Exchange Foundation that was constituting essentially the entirety of

478
00:24:58,320 --> 00:25:02,160
Speaker 11: that group's budget. But this pattern is replicating itself over

479
00:25:02,480 --> 00:25:05,040
Speaker 11: and over and over again. The other think tanks that

480
00:25:05,119 --> 00:25:07,960
Speaker 11: are essentially bought and paid for by this very same like,

481
00:25:08,040 --> 00:25:11,960
Speaker 11: I repeat, communist influence group, the Brookings Institution, the Center

482
00:25:12,040 --> 00:25:15,400
Speaker 11: for Strategic and International Studies, the Atlantic Council, the Center

483
00:25:15,480 --> 00:25:18,680
Speaker 11: for American Progress, the East West Institute, the Carter Center,

484
00:25:19,080 --> 00:25:22,359
Speaker 11: and the Carnegie Endowment for International Peace. Of course, a

485
00:25:22,440 --> 00:25:25,400
Speaker 11: bunch of America's top institutions are also on the take

486
00:25:25,720 --> 00:25:28,440
Speaker 11: from the China United States Exchange Foundation, And if Denver

487
00:25:28,560 --> 00:25:32,040
Speaker 11: wants to toss up on screen, the Center for American Progress,

488
00:25:32,080 --> 00:25:35,919
Speaker 11: which has actually led delegations to China paid for subsidized

489
00:25:35,960 --> 00:25:37,640
Speaker 11: by this communist influence group.

490
00:25:37,840 --> 00:25:39,920
Speaker 3: Since two thousand and nine. This was a group that

491
00:25:40,000 --> 00:25:40,600
Speaker 3: was founded by.

492
00:25:40,600 --> 00:25:43,080
Speaker 11: John Podesta, though I think that's maybe the lesser of

493
00:25:43,119 --> 00:25:45,480
Speaker 11: the two controversies when it comes to this thing take

494
00:25:45,480 --> 00:25:48,000
Speaker 11: at least in the context of Chinese relations, But for

495
00:25:48,160 --> 00:25:50,760
Speaker 11: decades they've been collaborating with them, going on these high

496
00:25:50,800 --> 00:25:54,399
Speaker 11: level delegations, receiving hundreds of thousands of dollars to lobby

497
00:25:54,480 --> 00:25:56,679
Speaker 11: for them. Why an American think tank would be lobbying

498
00:25:56,760 --> 00:25:59,879
Speaker 11: for Chinese Communist party interests, I can't quite tell you.

499
00:26:00,160 --> 00:26:03,720
Speaker 11: The fact that it's comprised of overwhelmingly Obama administration alumni,

500
00:26:03,800 --> 00:26:05,360
Speaker 11: maybe that squares that logic chain.

501
00:26:05,960 --> 00:26:08,440
Speaker 3: But this is what you're hearing. It's full blown propaganda

502
00:26:08,600 --> 00:26:09,280
Speaker 3: from guess what.

503
00:26:09,560 --> 00:26:12,360
Speaker 11: People who hate the United States of America don't think

504
00:26:12,440 --> 00:26:15,200
Speaker 11: borders matter and don't think sovereignty is important.

505
00:26:14,840 --> 00:26:16,440
Speaker 3: So of course they're going to hate these tariffs.

506
00:26:18,760 --> 00:26:20,480
Speaker 1: Natalie Winners social media, ma'am.

507
00:26:22,440 --> 00:26:25,119
Speaker 3: Natalie, she enters on all platforms. Thank you for having me.

508
00:26:27,440 --> 00:26:31,880
Speaker 1: Great job. Couldn't have come out of the box. Firing

509
00:26:32,440 --> 00:26:39,800
Speaker 1: with all cylinders. But the CCP folks don't think we're

510
00:26:39,840 --> 00:26:42,680
Speaker 1: through this one by a long stretch. This Battle of

511
00:26:42,720 --> 00:26:46,440
Speaker 1: the Titans right now, short break Brat on the other side.

512
00:26:59,560 --> 00:27:01,640
Speaker 8: Use your Stephen cab.

513
00:27:05,160 --> 00:27:08,800
Speaker 1: President Trump absolutely hammered him today. Make sure that you

514
00:27:08,920 --> 00:27:12,000
Speaker 1: are not hammered. Get the Home Title Lock triple lock protection,

515
00:27:12,119 --> 00:27:15,159
Speaker 1: the one million dollar triple lock protection. The only thing

516
00:27:15,240 --> 00:27:17,919
Speaker 1: that shows that you actually own that piece of real

517
00:27:18,040 --> 00:27:21,200
Speaker 1: estate that you abide in your home is your title.

518
00:27:21,960 --> 00:27:24,280
Speaker 1: Everybody in the world's trying to get it, trying to

519
00:27:24,359 --> 00:27:26,600
Speaker 1: monetize it and sell your house and monetize take out

520
00:27:26,600 --> 00:27:29,600
Speaker 1: a second mortgage. The Home Title Lock one million dollar

521
00:27:29,680 --> 00:27:32,639
Speaker 1: triple locked Protection, twenty four hour coverage alerts in the

522
00:27:32,680 --> 00:27:34,840
Speaker 1: middle of the night if anybody's messing with your title.

523
00:27:35,359 --> 00:27:38,480
Speaker 1: If that fails, then have a one million dollar restoration

524
00:27:39,280 --> 00:27:41,880
Speaker 1: project and Natalie di Mingez and the team can tell

525
00:27:41,880 --> 00:27:43,960
Speaker 1: you all about it. One million dollars. Put lawyers on it,

526
00:27:44,080 --> 00:27:45,760
Speaker 1: all of it to make sure that your title is

527
00:27:45,920 --> 00:27:48,600
Speaker 1: back to you and nobody's taking out a second mortgage.

528
00:27:48,640 --> 00:27:51,400
Speaker 1: Home title Lock dot com. This is the one million

529
00:27:51,440 --> 00:27:54,480
Speaker 1: dollar triple lock protection. Make sure you put in a

530
00:27:54,800 --> 00:28:01,080
Speaker 1: promo code Steve twenty five, Just Steve, Steve. Steve twenty

531
00:28:01,119 --> 00:28:03,200
Speaker 1: five is going. I'd like Steve twenty five. Just Steve,

532
00:28:04,040 --> 00:28:10,760
Speaker 1: keep it simple, just Steve, only Steve. Dave Brett. I

533
00:28:10,840 --> 00:28:12,320
Speaker 1: want to get to the second the Senate.

534
00:28:12,880 --> 00:28:13,320
Speaker 6: I don't know.

535
00:28:14,160 --> 00:28:15,920
Speaker 1: I'm not feeling a brother, but I heard it was

536
00:28:15,960 --> 00:28:17,960
Speaker 1: just procedural day, A lot of long phases having to

537
00:28:18,040 --> 00:28:21,639
Speaker 1: vote for this. But walk me through your assessment of

538
00:28:21,680 --> 00:28:24,080
Speaker 1: President Trump's handling this over the last couple of days,

539
00:28:24,119 --> 00:28:25,560
Speaker 1: and where do you think we are right now?

540
00:28:28,160 --> 00:28:28,360
Speaker 8: Yeah.

541
00:28:28,800 --> 00:28:32,440
Speaker 13: My view is we're in the middle of a geopolitical,

542
00:28:32,600 --> 00:28:38,520
Speaker 13: geoeconomic revolution acooney in paradigm shift that's going to be permanent.

543
00:28:39,000 --> 00:28:41,760
Speaker 13: President Trump is assessing it in real time and seeing

544
00:28:41,840 --> 00:28:46,120
Speaker 13: the max damage he can do to an evil system. Right,

545
00:28:46,280 --> 00:28:50,720
Speaker 13: Saint Augustine Pravacio Bony, The absence of the good is

546
00:28:50,920 --> 00:28:57,360
Speaker 13: evil communism morning, Joe Meeka Baptist. Let's have a debate

547
00:28:57,440 --> 00:29:01,200
Speaker 13: on that. When is communists communism good? Or let's have

548
00:29:01,400 --> 00:29:05,120
Speaker 13: that one. Somehow communists China grew at ten percent GDP

549
00:29:05,320 --> 00:29:09,000
Speaker 13: for a decade. Somehow they are doing five trillion in

550
00:29:09,800 --> 00:29:12,560
Speaker 13: manufacturing a year, while the United States of America is

551
00:29:12,600 --> 00:29:13,400
Speaker 13: doing half.

552
00:29:13,200 --> 00:29:14,400
Speaker 8: Of that two and a half trillion.

553
00:29:14,960 --> 00:29:18,680
Speaker 13: Somehow, China has one hundred trillion dollars in capital to

554
00:29:18,840 --> 00:29:22,360
Speaker 13: work with and we only have seventy trillion. That might

555
00:29:22,440 --> 00:29:26,000
Speaker 13: explain why our productivity has been going down for seventy years.

556
00:29:26,120 --> 00:29:29,959
Speaker 13: Bob Gordon, Northwestern, I've shown that chart a thousand times

557
00:29:30,360 --> 00:29:31,800
Speaker 13: talking about the real economy.

558
00:29:31,920 --> 00:29:33,360
Speaker 8: That guy on the news you just had.

559
00:29:33,320 --> 00:29:36,920
Speaker 13: Fiyerstein or whoever, talking about the real economic outlook.

560
00:29:36,960 --> 00:29:38,320
Speaker 8: He didn't mention the economy once.

561
00:29:38,440 --> 00:29:41,479
Speaker 13: Our economy is not in strong shape because it's been

562
00:29:41,600 --> 00:29:44,840
Speaker 13: destroyed by the communists and the leftists, etc. Who've given

563
00:29:44,920 --> 00:29:48,280
Speaker 13: us those charts. And so I think President Trump is

564
00:29:48,400 --> 00:29:50,800
Speaker 13: just weighing in real time. He sees very clearly what

565
00:29:50,920 --> 00:29:54,600
Speaker 13: they did to him in sixteen, in twenty what they're

566
00:29:54,600 --> 00:29:57,040
Speaker 13: still doing in twenty twenty four with the courts, et cetera.

567
00:29:57,600 --> 00:30:00,760
Speaker 13: And he's maxing out what he can do in a

568
00:30:00,840 --> 00:30:03,640
Speaker 13: short order. It's not like the establishment. Once he starts

569
00:30:03,680 --> 00:30:06,680
Speaker 13: these changes, they're going to continue on his regime. Right.

570
00:30:07,040 --> 00:30:08,960
Speaker 13: They're not going to say, oh yeah, or Trump's not

571
00:30:09,000 --> 00:30:11,200
Speaker 13: going to say, let's just do this incrementally. Let's just

572
00:30:11,280 --> 00:30:13,760
Speaker 13: make you know, little changes, right, at first, because boy,

573
00:30:13,840 --> 00:30:17,480
Speaker 13: we don't want to upset the apple cart that's been

574
00:30:17,640 --> 00:30:21,720
Speaker 13: wreaking havoc on the American middle class. And so I

575
00:30:21,840 --> 00:30:25,200
Speaker 13: also want to add the moral debate President Trump. He'll

576
00:30:25,240 --> 00:30:29,040
Speaker 13: never admit this, but I see the positive thinking in

577
00:30:29,200 --> 00:30:30,040
Speaker 13: his upbringing.

578
00:30:30,240 --> 00:30:33,280
Speaker 8: I see that he is not a beggar thy neighbor guy.

579
00:30:33,480 --> 00:30:36,480
Speaker 13: He doesn't want our advancement at the worstening of the

580
00:30:36,560 --> 00:30:38,959
Speaker 13: rest of the world. What he wants is a system

581
00:30:39,080 --> 00:30:42,160
Speaker 13: that makes us all better off, as opposed to China,

582
00:30:42,520 --> 00:30:45,880
Speaker 13: who is beggar thy neighbor. They got rich off of

583
00:30:45,960 --> 00:30:49,959
Speaker 13: our backs, They took manufacturing away from us, They cheated, lied, steeled.

584
00:30:50,280 --> 00:30:52,320
Speaker 13: The tariffs are about a third of the story. Non

585
00:30:52,400 --> 00:30:55,280
Speaker 13: tariff barriers are two thirds of the story. And the

586
00:30:55,360 --> 00:30:57,360
Speaker 13: White Houses and you've been strong on that for the

587
00:30:57,440 --> 00:31:00,720
Speaker 13: last few days, Steve, and so I applaud the backbone

588
00:31:00,960 --> 00:31:03,840
Speaker 13: from our American first side for sticking with it and

589
00:31:04,000 --> 00:31:05,520
Speaker 13: doing the bast And Trump's.

590
00:31:05,160 --> 00:31:06,240
Speaker 8: A smart, smart guy.

591
00:31:06,360 --> 00:31:09,160
Speaker 13: So he's reading the leagues and seeing how he can

592
00:31:09,480 --> 00:31:11,760
Speaker 13: maximize goodness for the American people.

593
00:31:12,440 --> 00:31:13,960
Speaker 8: In the political sphere.

594
00:31:20,000 --> 00:31:22,680
Speaker 1: This is just getting kicked off. Now, this will throw down.

595
00:31:23,200 --> 00:31:25,960
Speaker 1: You know how tough and hard. The Chinese Chemists Party

596
00:31:26,080 --> 00:31:29,320
Speaker 1: is they have a huge problem with legitimacy since they

597
00:31:29,360 --> 00:31:31,840
Speaker 1: were a revolutionary force, and they did defeat one of

598
00:31:31,880 --> 00:31:35,400
Speaker 1: the Komingtan armies, but essentially the country was given to

599
00:31:35,480 --> 00:31:39,120
Speaker 1: them by traders in the State Department in the US

600
00:31:39,200 --> 00:31:42,920
Speaker 1: government who took our small revolutionary cadre and gave the

601
00:31:42,960 --> 00:31:46,000
Speaker 1: country to them. And they had defeated on many occasion,

602
00:31:46,120 --> 00:31:50,080
Speaker 1: many battles the nationalist forces, but they've always had a

603
00:31:50,120 --> 00:31:52,520
Speaker 1: question about legitimacy. They've never had an election, they've never

604
00:31:52,600 --> 00:31:54,640
Speaker 1: been elected in they've never had to go out and

605
00:31:54,720 --> 00:31:57,040
Speaker 1: convince the Chinese people to support them. Where do you

606
00:31:57,120 --> 00:32:00,440
Speaker 1: think we are now? Particularly, you got Taiwan, you have

607
00:32:00,560 --> 00:32:04,080
Speaker 1: the fentanyl crisis on our southern border. You've got the

608
00:32:04,160 --> 00:32:07,960
Speaker 1: Panama Canal, you have the Arctic, you have My recommendation

609
00:32:08,120 --> 00:32:10,440
Speaker 1: immediately is to take all three hundred and fifty thousand

610
00:32:10,560 --> 00:32:15,360
Speaker 1: students that are here, the revoke the student visas, and

611
00:32:15,440 --> 00:32:17,400
Speaker 1: send them all home. Right now. There may be some

612
00:32:17,560 --> 00:32:19,640
Speaker 1: swell kids in that, but it's just it's a principle.

613
00:32:19,920 --> 00:32:22,600
Speaker 1: They all got to go. And we still have tens

614
00:32:22,680 --> 00:32:25,480
Speaker 1: of thousands of snuck in here and across the border

615
00:32:25,760 --> 00:32:28,440
Speaker 1: when Biden invited them and invited them in. Where do

616
00:32:28,480 --> 00:32:31,160
Speaker 1: you think we are now in this overall war that

617
00:32:31,280 --> 00:32:33,680
Speaker 1: they've been engaged against us since twenty nineteen.

618
00:32:36,040 --> 00:32:40,200
Speaker 8: I think we're in a very very scary world and

619
00:32:40,320 --> 00:32:41,280
Speaker 8: predicament right now.

620
00:32:41,880 --> 00:32:44,680
Speaker 13: And that's why I brought up all these Morning Joe

621
00:32:44,800 --> 00:32:48,160
Speaker 13: and Mika's and Jamie Diamonds and the Wall Street journals.

622
00:32:48,840 --> 00:32:50,960
Speaker 8: Hey, what are you guys going to say in the morning?

623
00:32:51,080 --> 00:32:55,360
Speaker 13: If China goes all in, puts all in chips, does

624
00:32:55,560 --> 00:32:58,720
Speaker 13: takes over Taiwan, or does something worse than that, then

625
00:32:58,880 --> 00:33:00,800
Speaker 13: all of a sudden, are you going to finally figure

626
00:33:00,840 --> 00:33:05,320
Speaker 13: out that the Chinese totalitarian communists surveillance state is not

627
00:33:05,520 --> 00:33:09,280
Speaker 13: morally good. They have no human rights, they do not

628
00:33:09,440 --> 00:33:13,200
Speaker 13: believe in God, They're abusing human beings, there's no human freedom.

629
00:33:13,880 --> 00:33:16,520
Speaker 13: The moral equivalents r I'm just shocked on the moral

630
00:33:16,560 --> 00:33:19,560
Speaker 13: equivalents right the Panama Canal versus Taiwan or whatever, we

631
00:33:19,800 --> 00:33:24,040
Speaker 13: have paid for a peaceful order for seventy years. China

632
00:33:24,120 --> 00:33:26,920
Speaker 13: has never done anything good for anyone in the last

633
00:33:26,960 --> 00:33:30,320
Speaker 13: seventy years except themselves, and not even themselves a small,

634
00:33:30,440 --> 00:33:32,680
Speaker 13: teeny little minority when we talk about China, we're not

635
00:33:32,760 --> 00:33:34,600
Speaker 13: talking about the law by jaying that people made in

636
00:33:34,600 --> 00:33:38,080
Speaker 13: the image of God. We're talking about the totalitarian despots.

637
00:33:38,680 --> 00:33:41,080
Speaker 13: And it is a scary world we're living in right

638
00:33:41,160 --> 00:33:44,960
Speaker 13: now that we don't know. My guess is they're probably

639
00:33:45,160 --> 00:33:48,600
Speaker 13: in a recession and near zero percent GDP growth. I

640
00:33:48,720 --> 00:33:51,400
Speaker 13: know we are, as we've always said, if you stripped

641
00:33:51,400 --> 00:33:55,240
Speaker 13: out the grotesque money printing and the two trillion deficits,

642
00:33:55,680 --> 00:33:58,840
Speaker 13: we'd be shrinking at at least three, four or five percent.

643
00:33:59,480 --> 00:34:01,560
Speaker 13: But you wouldn't know that because none of the mainstream

644
00:34:01,600 --> 00:34:04,880
Speaker 13: economists will ever do any research on anything that matters.

645
00:34:05,560 --> 00:34:07,840
Speaker 13: And that's another I mean what Natalie just brought up, right,

646
00:34:08,000 --> 00:34:10,759
Speaker 13: Just look at all those foundations she reeled off.

647
00:34:10,920 --> 00:34:12,239
Speaker 8: They all fund all.

648
00:34:12,200 --> 00:34:15,160
Speaker 13: The economists at Harvard and Yale and Princeton, Berklyn, mit.

649
00:34:15,800 --> 00:34:17,160
Speaker 13: So if you want to know why, none of the

650
00:34:17,200 --> 00:34:21,359
Speaker 13: America first issues are ever covered by economists, And that's

651
00:34:21,400 --> 00:34:25,080
Speaker 13: why I'm serious, we're in a Coonian revolution. Their story,

652
00:34:25,160 --> 00:34:26,920
Speaker 13: their narrative on the left of the Marxist left. They

653
00:34:26,920 --> 00:34:31,080
Speaker 13: cannot explain the data, how our productivity is so far down,

654
00:34:31,520 --> 00:34:34,400
Speaker 13: why China is growing so fast, how we let that happen.

655
00:34:34,760 --> 00:34:35,600
Speaker 8: Who's in charge?

656
00:34:35,760 --> 00:34:39,080
Speaker 13: Right, No one in the establishment is defending the current

657
00:34:39,200 --> 00:34:42,920
Speaker 13: trade regime. That's to tell, right, But they don't have

658
00:34:43,040 --> 00:34:47,680
Speaker 13: another story, narrative, theory ready to go. And when it

659
00:34:47,760 --> 00:34:49,800
Speaker 13: comes to geopolitics, say you know more than I do,

660
00:34:49,960 --> 00:34:50,840
Speaker 13: so I'll defer to you.

661
00:34:51,000 --> 00:34:53,400
Speaker 8: On the Chinese military threat.

662
00:34:56,040 --> 00:34:57,759
Speaker 1: Well, it's going to be significant. I mean, we've got

663
00:34:57,880 --> 00:35:00,880
Speaker 1: to be on watch and starting starting tomorrow, we're going

664
00:35:00,920 --> 00:35:02,719
Speaker 1: to break this all down. But overnight I'll be putt

665
00:35:02,760 --> 00:35:05,640
Speaker 1: stuff up and get her. But tonight's dangerous. Every night

666
00:35:05,640 --> 00:35:08,399
Speaker 1: it's gonna be dangerous. But particularly she cannot sit there

667
00:35:08,880 --> 00:35:11,080
Speaker 1: and have Trump go okay, a tough guy. It's one

668
00:35:11,200 --> 00:35:14,120
Speaker 1: twenty five, how about that, and keep coming for him.

669
00:35:14,200 --> 00:35:18,920
Speaker 1: So you know, zero hedge today the ten year auction,

670
00:35:20,040 --> 00:35:22,279
Speaker 1: and before the auction went okay. But before that the

671
00:35:22,360 --> 00:35:25,759
Speaker 1: bond market did freeze, or appeared to freeze for a

672
00:35:25,840 --> 00:35:28,480
Speaker 1: few minutes. It was rattled. Part of the reason it's

673
00:35:28,560 --> 00:35:32,400
Speaker 1: rattle is that, you know, they hadn't seen the trap

674
00:35:32,480 --> 00:35:35,759
Speaker 1: that President Trump was working on springing. They thought it

675
00:35:35,840 --> 00:35:38,279
Speaker 1: was maybe a little too much confusion and that you

676
00:35:38,400 --> 00:35:41,840
Speaker 1: had this reciprocity. But there wasn't really a process to

677
00:35:41,920 --> 00:35:45,440
Speaker 1: get everybody in the seventy five to one hundred countries in,

678
00:35:45,960 --> 00:35:47,680
Speaker 1: so they hadn't been able to see that. President Trump

679
00:35:47,719 --> 00:35:50,680
Speaker 1: made that clear later. But the other thing is spooked him, Dave,

680
00:35:51,400 --> 00:35:53,799
Speaker 1: is this Senate bill. Now, you got to help me here, brother.

681
00:35:54,160 --> 00:35:56,399
Speaker 1: The House voted on it today. And if it hadn't

682
00:35:56,400 --> 00:35:58,120
Speaker 1: been for a couple of Democrats who have died I

683
00:35:58,200 --> 00:36:00,600
Speaker 1: think from cancer, I don't know if the bill would

684
00:36:00,600 --> 00:36:02,720
Speaker 1: have passed. I mean it was two sixteen, two fifteen,

685
00:36:02,800 --> 00:36:05,640
Speaker 1: right on the nose, with a couple of nose for

686
00:36:05,800 --> 00:36:09,600
Speaker 1: three notes from the from the Democrats. This Senate bill

687
00:36:09,760 --> 00:36:12,200
Speaker 1: is almost indecipherable. I mean, it was only a procedural

688
00:36:12,280 --> 00:36:15,520
Speaker 1: thing today. And we promised President Trump specifically promised a

689
00:36:15,719 --> 00:36:20,720
Speaker 1: trallion dollars in cuts, so this thing could be horrific,

690
00:36:20,840 --> 00:36:24,799
Speaker 1: and that the bond market is not going to sit

691
00:36:24,920 --> 00:36:28,200
Speaker 1: there and let us they get a vote. Now, They're

692
00:36:28,360 --> 00:36:30,640
Speaker 1: just not going to let us run up these massive deficits.

693
00:36:30,800 --> 00:36:32,520
Speaker 1: And both of these eels, one has four tree and

694
00:36:32,520 --> 00:36:34,920
Speaker 1: the other has five tree in I mean, what's your sense.

695
00:36:34,960 --> 00:36:37,840
Speaker 1: I know, the arm twisting in the House has been intense,

696
00:36:38,440 --> 00:36:40,600
Speaker 1: and they've committed that they're going to get to work

697
00:36:40,640 --> 00:36:43,280
Speaker 1: and we're going to understand this entire thing and understand

698
00:36:43,280 --> 00:36:46,200
Speaker 1: where the spending is, Understand what the deficits are, how

699
00:36:46,239 --> 00:36:48,960
Speaker 1: they're going to get to zero, Understand where the tax

700
00:36:49,040 --> 00:36:52,120
Speaker 1: cuts are, whose taxes are being raised, and who are

701
00:36:52,200 --> 00:36:55,239
Speaker 1: continuing on with the lower taxes. I mean, what is

702
00:36:55,280 --> 00:36:57,880
Speaker 1: your outlook in this? Clearly the zero hedge was kind

703
00:36:57,920 --> 00:37:01,000
Speaker 1: of mocking everybody and said, Okay, yeah, this crisis over

704
00:37:01,120 --> 00:37:03,680
Speaker 1: or back to just running up a trellion dollars every

705
00:37:03,800 --> 00:37:04,399
Speaker 1: hundred days?

706
00:37:04,560 --> 00:37:10,320
Speaker 13: Sir, Yeah, I think the analysis of the budget is

707
00:37:10,360 --> 00:37:14,320
Speaker 13: fairly similar to that with tariffs. Where have any of

708
00:37:14,400 --> 00:37:17,760
Speaker 13: the House members been with a plan or the courage

709
00:37:17,840 --> 00:37:20,600
Speaker 13: to come out and defend this America first play on

710
00:37:20,719 --> 00:37:22,080
Speaker 13: behalf of the American worker?

711
00:37:22,800 --> 00:37:24,080
Speaker 1: And I get it. I was there.

712
00:37:24,160 --> 00:37:27,800
Speaker 8: I mean, it's a tough world running against the two.

713
00:37:27,719 --> 00:37:30,319
Speaker 13: Ferry and the Democrats who are supposed to be pro

714
00:37:30,600 --> 00:37:34,680
Speaker 13: labor and pro worker, and where are they? They have

715
00:37:35,000 --> 00:37:39,440
Speaker 13: no strategy, no nothing, They're not populous, and so yeah,

716
00:37:39,520 --> 00:37:43,680
Speaker 13: I've got no hope at all in the budget process

717
00:37:43,840 --> 00:37:46,400
Speaker 13: right now. I haven't seen any reason to be optimistic

718
00:37:46,840 --> 00:37:49,040
Speaker 13: that there's cuts I think the Senate, from what I

719
00:37:49,160 --> 00:37:52,120
Speaker 13: read today, the cuts are in the billions, not the

720
00:37:52,239 --> 00:37:56,320
Speaker 13: hundreds of billions, not a trillion, but in the billions.

721
00:37:56,920 --> 00:37:58,160
Speaker 8: And then the House is you.

722
00:37:58,239 --> 00:38:00,400
Speaker 13: Know, I think the Speaker and some of them are

723
00:38:00,400 --> 00:38:04,080
Speaker 13: saying that's not good enough. So they're gonna get go

724
00:38:04,280 --> 00:38:06,160
Speaker 13: back and forth. But at the end of the day,

725
00:38:06,160 --> 00:38:08,319
Speaker 13: they're going to lob it into one big, beautiful bill,

726
00:38:09,000 --> 00:38:12,320
Speaker 13: which means there's going to be extreme pressure on everyone

727
00:38:12,400 --> 00:38:13,920
Speaker 13: to vote for that thing. That's how they do it.

728
00:38:13,960 --> 00:38:16,439
Speaker 13: They time it, They wait for a key choke point

729
00:38:17,200 --> 00:38:19,520
Speaker 13: when you're going home or whatever, and then they foresheit

730
00:38:19,600 --> 00:38:23,040
Speaker 13: of the wall and that's it. And so you're you're

731
00:38:23,120 --> 00:38:28,600
Speaker 13: right on the bond market. Now we've added other realities

732
00:38:28,719 --> 00:38:31,440
Speaker 13: to the risk calculus around the world. Right now, you've

733
00:38:31,440 --> 00:38:35,480
Speaker 13: got geopolitics, you've got China, you got the tariffs. And

734
00:38:36,120 --> 00:38:40,920
Speaker 13: President Trump knows full well that this cannot be incremental.

735
00:38:41,080 --> 00:38:45,000
Speaker 13: This is this America first move right on energy, all in,

736
00:38:45,360 --> 00:38:49,480
Speaker 13: on the tariffs, all in. And it's not the tariffs.

737
00:38:49,520 --> 00:38:51,800
Speaker 13: He wants them to come to the table, like you know,

738
00:38:53,360 --> 00:38:56,160
Speaker 13: Vanderline for the EU et cetera. They offered a zero

739
00:38:56,320 --> 00:38:59,600
Speaker 13: terrify in no way, Jose two thirds. Right, I got

740
00:38:59,680 --> 00:39:01,359
Speaker 13: a charge, and I'll show it in the six o'clock hour,

741
00:39:01,440 --> 00:39:03,719
Speaker 13: the blue chart that shows for most of the G

742
00:39:03,960 --> 00:39:07,239
Speaker 13: twenty the non tariff barriers are bigger by far than

743
00:39:07,280 --> 00:39:08,080
Speaker 13: the tariff barriers.

744
00:39:08,520 --> 00:39:08,680
Speaker 6: Right.

745
00:39:08,760 --> 00:39:11,239
Speaker 8: And that's Bank of America and World Bank, by the way.

746
00:39:11,640 --> 00:39:13,840
Speaker 13: So if any of these analysts want to question the

747
00:39:14,040 --> 00:39:18,200
Speaker 13: methodology and the formula, I'll show them Bank of America,

748
00:39:18,280 --> 00:39:19,680
Speaker 13: World Bank the same stuff.

749
00:39:20,040 --> 00:39:24,200
Speaker 1: No, this is this is why Novar's a genius. When

750
00:39:24,239 --> 00:39:27,880
Speaker 1: Navar said is hey, you've got to put in currency manipulation, counterfeiting,

751
00:39:28,040 --> 00:39:31,080
Speaker 1: all the non tariff barriers. It's just not the number

752
00:39:31,440 --> 00:39:34,080
Speaker 1: because you know people come all the time and say, hey,

753
00:39:34,160 --> 00:39:36,560
Speaker 1: between Europe and Ounces is zero zero all let by

754
00:39:36,600 --> 00:39:38,160
Speaker 1: guns be by guns. No no, no, no, no no,

755
00:39:38,440 --> 00:39:40,760
Speaker 1: that's not how it goes. This is still the way. Germany,

756
00:39:41,560 --> 00:39:44,040
Speaker 1: we have no not one American car sold in Germany.

757
00:39:44,920 --> 00:39:47,520
Speaker 1: The Senate bill, we're going to have to deconstruct you, right.

758
00:39:47,640 --> 00:39:50,040
Speaker 1: You know you've got a tree and dollar defense budget.

759
00:39:50,480 --> 00:39:53,040
Speaker 1: They're adding another one hundred and seventy billion dollars for

760
00:39:54,680 --> 00:39:58,279
Speaker 1: the border for deportations. These things have to be done.

761
00:39:58,360 --> 00:40:00,239
Speaker 1: But we really got to go through the find tooth

762
00:40:00,280 --> 00:40:03,480
Speaker 1: comb and find out that plus the taxes, all of it,

763
00:40:03,520 --> 00:40:06,080
Speaker 1: it's complicated. I just this audience is going to come

764
00:40:06,160 --> 00:40:08,799
Speaker 1: under tremendous pressure to roll over on the same.

765
00:40:08,840 --> 00:40:11,759
Speaker 13: Go ahead, Dave, Yeah, yeah, I'll just throw in real quick.

766
00:40:11,880 --> 00:40:14,120
Speaker 13: I watched that debate last night. Ship I disagreed with

767
00:40:14,239 --> 00:40:17,560
Speaker 13: on the tariffs, but he did have another parallel explanation

768
00:40:17,680 --> 00:40:21,760
Speaker 13: with a federal reserve, right printing too much money reserve

769
00:40:21,920 --> 00:40:24,960
Speaker 13: currency interest rates way too low.

770
00:40:25,440 --> 00:40:27,960
Speaker 8: Therefore you don't do any saving, you do all consumption.

771
00:40:28,960 --> 00:40:33,160
Speaker 13: That that line of thought is also powerful and parallels

772
00:40:33,239 --> 00:40:35,960
Speaker 13: why we're in a problem and the Federal Reserve. I

773
00:40:36,080 --> 00:40:39,120
Speaker 13: better get insact together to be complementary to this whole

774
00:40:39,200 --> 00:40:40,719
Speaker 13: America First project.

775
00:40:43,239 --> 00:40:45,160
Speaker 1: Hang on one second, Dave Bretsworth, and will take a

776
00:40:45,320 --> 00:40:49,439
Speaker 1: short commercial break. Take down the CCP back in a moment.

777
00:40:49,719 --> 00:41:00,200
Speaker 6: We will buy god Room POWSI toy.

778
00:41:00,239 --> 00:41:04,320
Speaker 14: We're going to have another huge warroom, exclusive at wholesale prices.

779
00:41:04,680 --> 00:41:06,759
Speaker 14: We're going to start with our my towels with that

780
00:41:06,920 --> 00:41:10,520
Speaker 14: proprietary technology. The bath towels that came in the big

781
00:41:10,640 --> 00:41:13,239
Speaker 14: bath sheets are in the kitchen towels are in with

782
00:41:13,400 --> 00:41:15,000
Speaker 14: all the accessories.

783
00:41:14,800 --> 00:41:16,640
Speaker 6: As low as nine to ninety nine.

784
00:41:17,000 --> 00:41:19,640
Speaker 14: So go to my pillow dot com, scroll down to

785
00:41:19,760 --> 00:41:22,400
Speaker 14: you see Steve, give them a click, and there it

786
00:41:22,600 --> 00:41:26,279
Speaker 14: is the kitchen and Towel nine ninety nine sale. Right

787
00:41:26,400 --> 00:41:28,919
Speaker 14: next to that you have the spring sheet sale where

788
00:41:28,920 --> 00:41:32,400
Speaker 14: you save up to fifty percent, and there's the My Crosses,

789
00:41:32,760 --> 00:41:35,000
Speaker 14: the most requested product I.

790
00:41:35,040 --> 00:41:37,960
Speaker 6: Think ever for my Pillow is save thirty percent.

791
00:41:38,440 --> 00:41:42,040
Speaker 14: And there's the premium My Pillows eighteen ninety eight for

792
00:41:42,160 --> 00:41:45,400
Speaker 14: the Queens and nineteen ninety eight for the Kings.

793
00:41:45,719 --> 00:41:47,440
Speaker 6: That's a war Room exclusive.

794
00:41:48,080 --> 00:41:51,200
Speaker 14: Help keep my employees going, you guys, and help yourself

795
00:41:51,280 --> 00:41:53,920
Speaker 14: get the best sleep ever and the best products ever.

796
00:41:54,520 --> 00:41:57,879
Speaker 14: Or call eight hundred and eighty seven three one zero

797
00:41:58,120 --> 00:42:02,359
Speaker 14: six to eight hundred eight one zero six to two

798
00:42:02,800 --> 00:42:06,879
Speaker 14: promo code Warroom, the most sought after promo code ever.

799
00:42:12,040 --> 00:42:15,680
Speaker 1: We are going to talk to more about non financial

800
00:42:15,840 --> 00:42:19,279
Speaker 1: and non tariff and non trade because that's going to

801
00:42:19,320 --> 00:42:21,160
Speaker 1: take a life of its own. True, there's gonna be

802
00:42:21,200 --> 00:42:25,160
Speaker 1: some retaliation the night you watch, but Dave Bratt, we

803
00:42:25,200 --> 00:42:27,400
Speaker 1: got to start talking talking about also because this is

804
00:42:27,480 --> 00:42:29,400
Speaker 1: gonna last for a while. There's not gonna be kind

805
00:42:29,400 --> 00:42:32,520
Speaker 1: of handshake and deal. They're dug in. And one of

806
00:42:32,520 --> 00:42:35,720
Speaker 1: the reasons they're dug in they've got their own internal problems.

807
00:42:35,760 --> 00:42:37,520
Speaker 1: One is that is they got to be tough. They

808
00:42:37,600 --> 00:42:39,600
Speaker 1: got to be tough about Taiwan. They gotta be tough

809
00:42:39,719 --> 00:42:44,600
Speaker 1: about the Panama Canal. Besides the student visus And look,

810
00:42:44,680 --> 00:42:46,880
Speaker 1: i love the Laobaijang and I'm one of the leaders

811
00:42:46,960 --> 00:42:50,279
Speaker 1: of the anti CCP movement here in the country. I'm

812
00:42:50,280 --> 00:42:52,040
Speaker 1: the only Saville in the history of the country be

813
00:42:52,160 --> 00:42:57,000
Speaker 1: fully banned, right uh and uh and uh uh. You know,

814
00:42:57,239 --> 00:43:01,520
Speaker 1: essentially a politically and economically quarantine from China or any

815
00:43:01,600 --> 00:43:04,239
Speaker 1: Chinese comedies by the Chinese Commedist Party. On the day

816
00:43:04,280 --> 00:43:06,520
Speaker 1: of President Trump and he left the White House, it

817
00:43:06,719 --> 00:43:11,120
Speaker 1: was Pompeo, it was Matt Pottinger, it was Peter Navarro

818
00:43:12,040 --> 00:43:15,160
Speaker 1: and myself. And so I'm very proud of that. Where's

819
00:43:15,160 --> 00:43:17,840
Speaker 1: a badge of honor? Because I detest the CCP. But

820
00:43:17,920 --> 00:43:20,000
Speaker 1: we got to start thinking outside. I know things are

821
00:43:20,040 --> 00:43:23,319
Speaker 1: being developed, but the student visa band has to happen.

822
00:43:23,960 --> 00:43:25,920
Speaker 1: You have to send all three hundred and fifty thousand home.

823
00:43:26,000 --> 00:43:29,080
Speaker 1: You're also going to unmask these colleges that are really

824
00:43:29,880 --> 00:43:31,960
Speaker 1: this is how they're getting by, and that's just not right.

825
00:43:32,719 --> 00:43:34,920
Speaker 1: The party has to be U assistance. The other thing

826
00:43:34,920 --> 00:43:38,360
Speaker 1: I would do immediately is I would take the I

827
00:43:38,400 --> 00:43:40,760
Speaker 1: would take the deal down to the Panama Canal Hudginson,

828
00:43:40,840 --> 00:43:43,640
Speaker 1: want Poa and Larry Fink. And look, Larry Fink is

829
00:43:44,280 --> 00:43:46,719
Speaker 1: I mean no angel right, a terrible guy, but he's

830
00:43:46,760 --> 00:43:48,000
Speaker 1: the one who could step up and buy I think

831
00:43:48,000 --> 00:43:50,680
Speaker 1: it was a twenty five billion dollar deal right now,

832
00:43:50,960 --> 00:43:54,800
Speaker 1: the Panama Government of Panama should seize that from Hutcherson

833
00:43:54,880 --> 00:44:00,480
Speaker 1: Want Poa, transfer it to Larry Fink's Black Rock, take

834
00:44:00,520 --> 00:44:02,319
Speaker 1: the cash and send it right back to Hutchson wy

835
00:44:02,320 --> 00:44:04,239
Speaker 1: and post say hey, here's the cash. You guys came

836
00:44:04,280 --> 00:44:06,680
Speaker 1: to a deal. It was stopped by the Chinese Countris

837
00:44:06,760 --> 00:44:09,799
Speaker 1: Party after I had a deal. Just like TikTok, Tik

838
00:44:09,880 --> 00:44:11,640
Speaker 1: task is going to be another fiasco because the Chinese

839
00:44:11,640 --> 00:44:13,760
Speaker 1: Convers's Party says, hey, deal off, We're not selling.

840
00:44:13,840 --> 00:44:14,239
Speaker 6: Screw you.

841
00:44:14,880 --> 00:44:17,440
Speaker 1: If you want to do anything about it, go ahead

842
00:44:17,440 --> 00:44:17,799
Speaker 1: and try.

843
00:44:18,320 --> 00:44:18,360
Speaker 13: So.

844
00:44:19,120 --> 00:44:22,160
Speaker 1: There's all these types of aspects. This thing has ten

845
00:44:22,440 --> 00:44:25,480
Speaker 1: fronts to it, all the way from the fentanyl to

846
00:44:25,600 --> 00:44:28,560
Speaker 1: the Arctic, and right now we have to start being

847
00:44:29,040 --> 00:44:32,279
Speaker 1: creative about how we're thinking about this, the team over

848
00:44:32,280 --> 00:44:34,759
Speaker 1: at the White House and the National Security Council, of course,

849
00:44:35,200 --> 00:44:37,880
Speaker 1: the Great Scott Besson and others, because this is so

850
00:44:38,120 --> 00:44:42,320
Speaker 1: far metastasizing trade and tariff and what they've done to

851
00:44:42,400 --> 00:44:44,800
Speaker 1: us on trade is one aspect of it, that's the

852
00:44:44,880 --> 00:44:48,400
Speaker 1: big one. But the grievances here on both sides are substantial.

853
00:44:48,480 --> 00:44:51,400
Speaker 1: You heard this morning from Caroline Wren and it was

854
00:44:51,440 --> 00:44:54,000
Speaker 1: ten o'clock at nine qual on Poor they had told

855
00:44:54,160 --> 00:44:56,120
Speaker 1: the nations of Southeast Asia, you're not even going to

856
00:44:56,120 --> 00:44:58,879
Speaker 1: the United States. If you've got a delegation, get back,

857
00:44:59,320 --> 00:45:02,040
Speaker 1: because you're not a deal with America. That is how

858
00:45:02,120 --> 00:45:05,680
Speaker 1: hardball's getting. Dave Brett, any thoughts about going forward against

859
00:45:05,719 --> 00:45:06,879
Speaker 1: the Chinese Communist Party.

860
00:45:09,280 --> 00:45:14,480
Speaker 13: Yeah, I'll just start off again with the pravachio bonum,

861
00:45:14,960 --> 00:45:16,439
Speaker 13: the absence of the good.

862
00:45:17,120 --> 00:45:20,759
Speaker 8: Communism rejects God. In the Judeo Christian West, God is

863
00:45:21,120 --> 00:45:21,560
Speaker 8: the good.

864
00:45:22,360 --> 00:45:25,720
Speaker 13: And at Harvard the motto in sixteen forty and Princeton

865
00:45:25,760 --> 00:45:28,880
Speaker 13: and Yale and all the publics was their motto was

866
00:45:28,960 --> 00:45:32,759
Speaker 13: truth for Christ in church for hundreds of years now

867
00:45:32,880 --> 00:45:35,759
Speaker 13: not so much so these universities, what do they believe in?

868
00:45:36,239 --> 00:45:38,640
Speaker 13: So the left always used to beat us conservatives up

869
00:45:38,680 --> 00:45:42,000
Speaker 13: with the moral arguments they'd made, the little, pithy, sympathetic

870
00:45:42,480 --> 00:45:45,560
Speaker 13: moral claims. I'd love to hear what the moral claims are.

871
00:45:45,640 --> 00:45:48,879
Speaker 13: We have the moral high ground now. Trump is providential

872
00:45:49,000 --> 00:45:52,080
Speaker 13: and he doesn't want to act pietistic and like we're

873
00:45:52,120 --> 00:45:52,920
Speaker 13: holy rollers.

874
00:45:52,960 --> 00:45:53,959
Speaker 8: That's not what I'm after.

875
00:45:54,400 --> 00:45:56,480
Speaker 13: We need to make the moral argument that we're the

876
00:45:56,560 --> 00:45:58,960
Speaker 13: ones fighting for the small guys. That's always been the

877
00:45:59,040 --> 00:46:02,200
Speaker 13: Judeo Christian West right. Christ came and said, whoever takes

878
00:46:02,280 --> 00:46:05,000
Speaker 13: care of the least of these, you're good.

879
00:46:05,400 --> 00:46:05,560
Speaker 6: Right.

880
00:46:06,480 --> 00:46:09,480
Speaker 13: In a simple summary, that's the sermon on them. Out

881
00:46:09,880 --> 00:46:12,839
Speaker 13: your love, your God, love your neighbor as yourself. That's

882
00:46:12,920 --> 00:46:14,960
Speaker 13: the piece I would throw into the White House theorists

883
00:46:15,000 --> 00:46:18,080
Speaker 13: while they're composing all of their reactions to the non

884
00:46:18,160 --> 00:46:22,839
Speaker 13: tear barriers. Everything that China's doing hurts people. Everything we're

885
00:46:22,920 --> 00:46:26,360
Speaker 13: doing helps people. And if you draw that contrast, the

886
00:46:26,480 --> 00:46:29,000
Speaker 13: left does not have a narrative to compete with that story.

887
00:46:31,640 --> 00:46:35,319
Speaker 1: Dave hang On, Charlie Gasparino is reporting that, and I've

888
00:46:35,360 --> 00:46:38,040
Speaker 1: heard similar to this. It wasn't China last night selling

889
00:46:38,120 --> 00:46:40,560
Speaker 1: bonds That kind of caused President Trump's to get his

890
00:46:40,640 --> 00:46:43,120
Speaker 1: attention and actually freeze the bond market. This morning, it

891
00:46:43,239 --> 00:46:45,440
Speaker 1: wasn't China. A lot of people thought China might be

892
00:46:45,520 --> 00:46:49,880
Speaker 1: offloading their treasuries. It turns out, rumor has it it

893
00:46:50,000 --> 00:46:52,719
Speaker 1: was Japan because they were nervous about the direction of

894
00:46:52,760 --> 00:46:56,120
Speaker 1: this thing. We will make sure we break all that

895
00:46:56,320 --> 00:46:59,440
Speaker 1: down for you tomorrow morning as we work overnight to

896
00:46:59,520 --> 00:47:05,040
Speaker 1: get this my birch gold dot com. If you haven't

897
00:47:05,080 --> 00:47:07,360
Speaker 1: taken this wild ride today and think you need to

898
00:47:07,440 --> 00:47:09,760
Speaker 1: know about gold or need to talk to Philip Patrick

899
00:47:09,800 --> 00:47:12,279
Speaker 1: and the team of everything that's happening in gold and

900
00:47:12,320 --> 00:47:14,360
Speaker 1: why it's a store of value. While we're going to

901
00:47:14,440 --> 00:47:17,800
Speaker 1: go through this roller coaster, it's only going to get crazier, folks,

902
00:47:18,360 --> 00:47:20,960
Speaker 1: that much. I can guarantee you you're going through a

903
00:47:21,080 --> 00:47:27,960
Speaker 1: massive geopolitical and geoeconomic and a geoeconomic earthquake and its

904
00:47:28,040 --> 00:47:30,239
Speaker 1: tectonic plate shifts a better term for it, and it's

905
00:47:30,239 --> 00:47:32,920
Speaker 1: not going to slow down anytime soon. Birch gold dot

906
00:47:33,000 --> 00:47:36,440
Speaker 1: com slash Bannon. The Chinese Kuys Party already said they're

907
00:47:36,440 --> 00:47:41,440
Speaker 1: starting a massive de dollarization effort. We wrote the textbook

908
00:47:41,640 --> 00:47:44,560
Speaker 1: on the end of the dollar Empire. Go check it

909
00:47:44,600 --> 00:47:46,640
Speaker 1: out today. All of it's free and the last free

910
00:47:46,680 --> 00:47:50,319
Speaker 1: installment is just up modern monetary theory. You read all

911
00:47:50,400 --> 00:47:53,080
Speaker 1: of them, you will start to understand the world you

912
00:47:53,160 --> 00:47:56,360
Speaker 1: live in that much. I guarantee you. Dave Bratt is

913
00:47:56,400 --> 00:47:59,200
Speaker 1: going to be back. Next hour is going to be

914
00:47:59,320 --> 00:48:03,359
Speaker 1: on fire. We are going to be broadcasting from Los

915
00:48:03,400 --> 00:48:06,239
Speaker 1: Angeles for a couple of days and we have some

916
00:48:06,560 --> 00:48:09,720
Speaker 1: very exciting things are going to happen. My Patriots Supply

917
00:48:09,920 --> 00:48:13,640
Speaker 1: has got a new special, the Mega Deal. Go to

918
00:48:13,760 --> 00:48:17,920
Speaker 1: Mypatriots Supply dot com slash Bannon that's the promo code.

919
00:48:18,320 --> 00:48:21,279
Speaker 1: This has got the most calories ever. It's a three

920
00:48:21,320 --> 00:48:25,760
Speaker 1: month supply, but it's a mega, mega mega deal. People.

921
00:48:25,800 --> 00:48:28,600
Speaker 1: They are the best, is the single best of the

922
00:48:29,320 --> 00:48:32,120
Speaker 1: I call them the preparation companies. Get ahead of it,

923
00:48:32,440 --> 00:48:35,440
Speaker 1: particular in a day like today. Who knows what's going

924
00:48:35,480 --> 00:48:37,920
Speaker 1: to happen overnight. One thing I can tell you, the

925
00:48:38,040 --> 00:48:40,520
Speaker 1: Chinese Counties Party is just not going to sit there

926
00:48:40,520 --> 00:48:43,839
Speaker 1: and take it right now. They believe that the United

927
00:48:43,840 --> 00:48:47,840
Speaker 1: States has finally engaged them in economic warfare. Stick around

928
00:48:48,000 --> 00:48:50,600
Speaker 1: short commercial break. We'd be back in the war room

929
00:48:50,760 --> 00:48:51,439
Speaker 1: in just a moment.