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Speaker 1: Blumenthal today on Capitol Hill, telling reporters essentially, the Democrats

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Speaker 1: are ready to make Republicans work for it. As Senator

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Speaker 1: Blumenthal's office told us just this hour, Democrats know they

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Speaker 1: can't unilaterally stop Trump's nominees from getting confirmed in the Senate,

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Speaker 1: but they do plan to make Republicans work as hard

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Speaker 1: as possible for it. They can make Republicans use up

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Speaker 1: as much valuable floor time as possible on each and

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Speaker 1: every nominee, and that's what they plan to do. Slow

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Speaker 1: the whole thing down as much as they are capable of.

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Speaker 2: Now.

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Speaker 1: That is along the lines of the advice that's been

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Speaker 1: coming from one of the driving forces behind some of

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Speaker 1: the protests you've already seen this week. Ezra Levin of

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Speaker 1: Indivisible says Democrats should look back to the Republican playbook

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Speaker 1: from two thousand and nine, just after Barack Obama was

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Speaker 1: elected with a Democratic trifecta, when Republicans were in the

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Speaker 1: minority and Democrats controlled the House and the Senate and

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Speaker 1: the White House. He says, think what you will about

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Speaker 1: Mitch McConnell on the Republicans Plan. That was a very

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Speaker 1: effective legislative tactic from party that found itself in the

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Speaker 1: minority own to you, what are you watching for in

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Speaker 1: their actions that you think might really make a difference.

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Speaker 3: It sounds good, Rachel, and I will say, I think

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Speaker 3: we are in a much better place right now with

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Speaker 3: Senate Democratic leadership in the Senate Democratic Caucus than we

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Speaker 3: were a week ago. That said, today, today twenty two

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Speaker 3: Democrats voted for another Trump secretary, twenty two of them.

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Speaker 3: So I like to hear from Senator Blumenthal. I like

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Speaker 3: to hear from other senators that they are starting to

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Speaker 3: agree to blanket opposition. I want to see the votes.

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Speaker 3: I want to see the votes, and until we see

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Speaker 3: those votes, I think what they're going to be hearing

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Speaker 3: from their constituents is a demand that they fight back.

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Speaker 1: Kim Jeffreys, the Democratic leader in the House, I was interested.

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Speaker 1: He put out last night. I think it was last

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Speaker 1: night I met I've been yesterday afternoon a ten point

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Speaker 1: plan for all Democratic members of the House, and it

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Speaker 1: had a lot of different things that they're going to

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Speaker 1: try to do in ways they're going to brief each

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Speaker 1: other and communicate on things. But the last thing was essentially,

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Speaker 1: I command you, as Democratic leader of the House to

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Speaker 1: go to your home constituents, to hold town hall meetings

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Speaker 1: and to hold other events with constituents and people who

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Speaker 1: are in your district about what is going on right now.

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Speaker 1: And I want you to do it, he said, literally today.

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Speaker 1: And if you cannot do it today, you need to

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Speaker 1: do it this week. And we will be surveying every

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Speaker 1: Democratic member of the House to see whether or not

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Speaker 1: they do this now. As we have seen Democratic members,

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Speaker 1: including in Virginia last night, start to do these town halls,

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Speaker 1: They're packed to the rafters. People are desperate to be

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Speaker 1: able to hear from one another and also to be

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Speaker 1: able to in many cases yell at their member to

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Speaker 1: do more. But the energy palpably seems like it is there, Ezra.

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Speaker 1: If members of Congress and Senators are going to essentially

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Speaker 1: follow their leadership's advice, hold these kind of events and

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Speaker 1: hear from the people who voted the ment.

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Speaker 3: Office, I love this move. I love this move from

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Speaker 3: Leader Jeffreys. I think this is a very good move.

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Speaker 3: What I would encourage every single Democrat on the House

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Speaker 3: to do is use that convenient power that you have.

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Speaker 3: People are going to show up. If you build it,

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Speaker 3: people will come. If you are out in this country

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Speaker 3: and worried about what's going on.

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Speaker 2: You have got to show up to these means.

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Speaker 3: And one big benefit of Jeffrey's calling for Democrats to

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Speaker 3: do this is, you know who isn't holding public town

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Speaker 3: halls to explain exactly what's going on in the Treasury Department,

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Speaker 3: to explain exactly what was going on with the OMB

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Speaker 3: funding freeze that attack meals on wheels and headstart. You

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Speaker 3: know who's not explaining that Republican members of Congress.

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Speaker 2: They are embarrassed by it.

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Speaker 3: So what an great opportunity to create contrasts with the

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Speaker 3: Republicans and say, look, we are here, we are listening

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Speaker 3: to our constituents and what our role is. People around

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Speaker 3: the country are worried.

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Speaker 2: Show up.

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Speaker 4: Show up not just.

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Speaker 3: By yourself, but get a group together. Get individual members

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Speaker 3: or working families, party members or MOVEAM members or whoever

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Speaker 3: are your friends and family members and community, get them

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Speaker 3: together and show up in person. That demonstrates to your

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Speaker 3: elected officials that you actually.

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Speaker 5: Care about this Cash Brittel has yet to come up

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Speaker 5: for a vote, but today, just before we went on air,

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Speaker 5: Pam Bondi was confirmed as Attorney General. Was a party

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Speaker 5: line vote all Republicans voting for, all Democrats voting against,

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Speaker 5: with the exception of John Fetterman of Pennsylvania, who voted

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Speaker 5: for her. Do you have any confidence at all that

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Speaker 5: she will uphold the rule of law main justice.

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Speaker 6: I don't, unfortunately, because there's a lot to admire and

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Speaker 6: like about her until you get to areas that are

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Speaker 6: what you might call Trump sensitive. And she showed in

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Speaker 6: the hearings that when she got to a Trumps sensitive area,

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Speaker 6: it was like a plane flying into the Bermuda triangle

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Speaker 6: and all the nabs and comms went haywire, and you know,

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Speaker 6: you just couldn't get a straight answer out of her.

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Speaker 6: And then when you flew back out of Trump sensitive areas.

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Speaker 2: She went back to normal again.

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Speaker 6: So when she's that frightened of Trump and that's subservient

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Speaker 6: to Trump, that she goes haywire when it's a Trump

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Speaker 6: sensitive area, it's a really bad sign of being able

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Speaker 6: to restrain truly dangerous people.

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Speaker 2: Like cash Ptel. This is the primal scream of a

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Speaker 2: dying regime.

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Speaker 7: Pray for our enemies, because we're going to medieval on

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Speaker 7: these people.

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Speaker 2: He's not got a free shot.

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Speaker 7: All these networks lying about the people the people have

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Speaker 7: had a.

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Speaker 8: Belly full of it.

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

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Speaker 7: I know you've tried to do everything in the world

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Speaker 7: to stop that, but you're not going to stop it.

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Speaker 2: It's going to happen.

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Speaker 3: And where do people like that go to share the

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Speaker 3: big line?

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Speaker 4: Mega media?

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Speaker 6: I wish in my soul, I wish that any of

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Speaker 6: these people had a conscience.

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Speaker 2: Ask yourself, what is my task and what is my purpose?

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Speaker 7: If that answer is to save my country, this country.

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Speaker 4: Will be saved. Here's your host, Stephen k Ban.

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Speaker 7: It's Wednesday, five February and the year of twenty twenty two.

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Speaker 7: Dave Bratt joins me, writing Shotgun Today. Our own Natalie

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Speaker 7: Winners is going to be all over today and we're

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Speaker 7: going to have her back at five o'clock. A she

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Speaker 7: up right now, because I know she's got a bold

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Speaker 7: Natalie Winners. So the resistance, Natalie, it's coming from many

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Speaker 7: different areas. People should understand. They're going to slow everything

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Speaker 7: down in the Senate to a crawl. They have to

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Speaker 7: do this because now groups that you've identified, like Indivisible

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Speaker 7: is get Indivisible is trying to do the playbook that

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Speaker 7: War Room did in January twenty twenty one. They have

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Speaker 7: to have a rally point. They don't have a rally

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Speaker 7: point right now, just like we didn't have a rally point.

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Speaker 7: Everybody in the side surrendered or crush. Go back to

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Speaker 7: twenty twenty one. Remember how bad it was when President

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Speaker 7: Trump went to mar Lago. You need a rally point.

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Speaker 7: They have selected Indivisible to do this. You can tell.

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Speaker 7: And the individual people are not dumb. Okay, they're not dumb.

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Speaker 7: They've identified McConnell's playbook from two thousand and nine. In

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Speaker 7: the first years of Obama for you guys are not there.

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Speaker 7: McConnell did what I call a great rearguard action to

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Speaker 7: try to slow down as much as possible. Natalie, you've

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Speaker 7: seen this. You've also saying, heyaw, we've told you. They're

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Speaker 7: flooding the zone with lawsuits everywhere. They're going to try

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Speaker 7: to use the courts and go into these liberal areas,

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Speaker 7: and they're really going to come off everything Doge is

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Speaker 7: doing to try to get to the plumbing and get

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Speaker 7: the plumbing right. And there may be some issues in

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Speaker 7: that on data mining and AI we'll.

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Speaker 2: Get to that later.

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Speaker 7: But just even the DOGE efforts and particularly they're freaked

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Speaker 7: out because two things. Number One, we're getting rid of

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Speaker 7: the FBI. Guys, you see how that's working. Number Two,

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Speaker 7: we're taking out USAID, which is a railhead of money

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Speaker 7: for them to do all this nefarious activity, everything from

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Speaker 7: shutting down conservative media, defunding, the invasion of the southern

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Speaker 7: border to be in a CIA cutout doing things in Ukraine.

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Speaker 7: USAID is the scab that's got to be picked. But

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Speaker 7: you're particularly focused on some of these lawsuits. You say

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Speaker 7: it's going to be quite problematic. Natalie Winters stand and

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Speaker 7: deliver man.

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Speaker 9: Of course, while the frivolous lawsuits are all that they have.

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Speaker 9: And to the point about USAID, I think if you

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Speaker 9: look at any department that this city has gotten rich

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Speaker 9: off of due to the fact that there are no audits, right,

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Speaker 9: all these weird NGOs that no one has ever looked

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Speaker 9: into in the name of what promoting democracy abroad. USAID

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Speaker 9: is the lynchpin of that, and that's why they're melting

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Speaker 9: down because they know the gravy trains over But more acutely, Steve,

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Speaker 9: when we first started covering the resistance, when I put

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Speaker 9: together that montage of the six hour phone call that

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Speaker 9: I watched. Who put that phone call together? It was Indivisible.

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Speaker 9: That was one of the leading voices. That guy is

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Speaker 9: who Rachel Matta has always had on a sort of

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Speaker 9: the point person when it comes to discussing anything resistance related.

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Speaker 9: And you're so right, they're culturally appropriating the War Room

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Speaker 9: in terms of their lobbying tactics. But I want to

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Speaker 9: get really granular for a second on lawsuits there too

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Speaker 9: that have been brought against President Trump, the DOJ fororth

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Speaker 9: they're trying to do over at the FBI. One of

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Speaker 9: them is coming from some far left it's called the

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Speaker 9: Center for Employment Justice. You can imagine what their politics are,

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Speaker 9: but you don't have to imagine that much because the

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Speaker 9: chief attorney listed on the case it's a former Democratic

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Speaker 9: Senate candidate. But I want to flag you know, we're

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Speaker 9: all about receipts here in the War Room. I guess

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Speaker 9: we're all about opposition research too. This lady and individual

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Speaker 9: of the attorney by the name of Pam Keith has

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Speaker 9: been out tweeting for years during the Biden regime about

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Speaker 9: how every single MAGA member of the federal government needs

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Speaker 9: to be fired. Don't just take my word for it.

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Speaker 9: I'll read you her tweets.

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Speaker 2: Quote.

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Speaker 9: America needs industrial strength disinfectant of the MAGA bacteria in

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Speaker 9: our institutions. Clean the wound, mister President, fire them all.

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Speaker 9: Next quote, if we are to remove MAGA at the

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Speaker 9: ballot box, then you must must, must, in all caps,

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Speaker 9: remove MAGA from our institutions. Fire to Joy, fire Flynn,

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Speaker 9: fire Ray. Quote it is time for the Biden admin

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Speaker 9: to remove MAGA from our government. That's now the same

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Speaker 9: attorney that is representing nine anonymous FB agents citing political

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Speaker 9: retribution for President Trump's decision to fire them or at

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Speaker 9: least have them answer a survey about their actions related

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Speaker 9: to January sixth. And last point the second lawsuit that

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Speaker 9: they've brought, which is coming from a group representing they say,

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Speaker 9: FBI agents. This is a group that came under fire

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Speaker 9: for giving out I leave thousand dollars gift cards to

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Speaker 9: agents who bent the need to the BLM mob. This

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Speaker 9: is a group that lobbies every government shutdown to try

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Speaker 9: to get FBI agents paid, and funnily enough, they lobbied

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Speaker 9: to keep Ray in place. So there are a bunch

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Speaker 9: of political partisan hacks, and I think that that's just

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Speaker 9: what we need to remember these lawsuits that are coming out.

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Speaker 9: It's basically just the new form, albeit watered down because

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Speaker 9: they have no power, but of the impeachment that would

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Speaker 9: have been if they had any semblance of power, but

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Speaker 9: instead they're relegated to activist types like Indivisible, like these

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Speaker 9: far left NGOs going and crying on MSFBC.

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Speaker 7: Play again, Yeah, now, keep going.

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Speaker 2: I want to go.

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Speaker 7: Okay, here's what I want to do, if for in

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Speaker 7: my crack production team can play again, Ezra, I think

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Speaker 7: it's Levin Levin of Indivisible. Tell me when you got

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Speaker 7: tell me when you got this thing ready to go.

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Speaker 7: I want to play it again. You're the first one,

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Speaker 7: Natalie Winners, as you normally are. You're the first one

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Speaker 7: to warn us about Indivisible weeks and months ago. This

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Speaker 7: is becoming the go to spot. The reason is they

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Speaker 7: have these calls. They have fifty thousand people on it.

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Speaker 2: Let's just play.

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Speaker 7: I want to I want to single this guy out.

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Speaker 7: Let's play this for a second.

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Speaker 1: Go ahead, and to you, what are you watching for

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Speaker 1: in their actions that you think might really make a difference.

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Speaker 3: It sounds good, Rachel and I will say, I think

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Speaker 3: we are in a much better place right now with

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Speaker 3: Senate Democratic leadership in the Senate Democratic Caucus than we.

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Speaker 2: Were a week ago.

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Speaker 3: That said, today, today twenty two Democrats voted for another Trump.

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Speaker 7: What I want you to see there, we'll put up

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Speaker 7: onto it is. He's got the bomber. He's going full

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Speaker 7: twelve o'clock high. He's got the little bomber. This pencil

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Speaker 7: neck's got a little bomber jacket on. Right, was just.

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Speaker 2: Go get a barber quest. Okay, he's trying to be great.

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Speaker 9: People want to be you.

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Speaker 7: No, he's trying to be great. No, he's trying to

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Speaker 7: be greg Repack. Okay, hey, Ezra, right here, this is

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Speaker 7: this is called a man. That's a man.

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Speaker 2: That's gregorprac in twelve o'clock high. That's not you.

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Speaker 7: Okay, it doesn't The look is not working. That being said,

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Speaker 7: these guys are they're going to do something. I can

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Speaker 7: tell you this is where the resistance is going to

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Speaker 7: come from. They're the rally point because the Democrats are shattered.

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Speaker 7: How dangerous is this individual? Indivisible? And we've got to

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Speaker 7: put stink eye on.

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Speaker 2: Him, ma'am.

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Speaker 9: Well, the Washington Post, one of the reporters just quote

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Speaker 9: tweeting me saying that I need to find better mentors.

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Speaker 9: But I would say, hey, the tip of the spear

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Speaker 9: of your resistance is trying to culturally appropriate Steve Bannon.

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Speaker 9: So I think I have a pretty good one. But look,

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Speaker 9: I have read all of Indivisibles, you know, kind of casework.

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Speaker 9: They're blueprints of how to plot the resistance. These people

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Speaker 9: are extremely organic, down to the point where they have

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Speaker 9: itemized tables of how to best lobby and you know, intimidate,

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Speaker 9: basically peer pressure your lawmakers on your phone calls. They've

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Speaker 9: advocated for all of their members to write up eds

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Speaker 9: specifically in local papers because they have more traction. They're

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Speaker 9: setting up town hall type meetings across the country, and

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Speaker 9: hundreds of thousands of people showed up to those kind

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Speaker 9: of mass mobilization calls that I watched that I tracked.

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Speaker 9: So these people are extremely, extremely engaged. But I think

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Speaker 9: the more nefarious kind of angle to what Indivisible has done,

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Speaker 9: which is part of that group Democracy Forward that we

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Speaker 9: were talking about yesterday, is just the idea that they

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Speaker 9: want to weaponize career civil servants and effectively turn them

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Speaker 9: into for lack of a better word, embed right exposing

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Speaker 9: the Trump administration. And that's why they're melting down so

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Speaker 9: heavily about these people being removed from the building because

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Speaker 9: they can't be whistleblowers if they're not proximal to President Trump.

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Speaker 9: That's sort of the crux of it, and that's why

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Speaker 9: they're melting down. And last point, Steve, what was Rachel

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Speaker 9: Maddow's monologue about and yesterday entirely? I guess now was

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Speaker 9: two days ago on Monday, the same day that USA

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Speaker 9: Idea is getting crippled. She's begging, groveling, and imploring her

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Speaker 9: audience to donate and support independent media, civil society groups

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Speaker 9: like Indivisible because they know that gravy transcending.

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Speaker 2: Uh fabulous.

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Speaker 7: You're on it, You're on watch and you're now doing

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Speaker 7: from the White House, social media where they get you,

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Speaker 7: where they get you, Natalie.

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Speaker 9: Natalie, you enters on all platforms. I will see you

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Speaker 9: at five from the White House.

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Speaker 7: I like saying that tor mentors. Wow, guys are getting

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Speaker 7: they're getting personal now.

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Speaker 2: Thank you, ma'am. Great work as usual. See this afternoon

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Speaker 2: short break, Dave Bradsworth. I got a lot to go

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Speaker 2: through to be back the freedom.

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Speaker 4: Use your host Stephen k Bath.

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Speaker 7: So we're hitting off front, but I want to talk

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Speaker 7: about a lot of the stuff coming out of the

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Speaker 7: Republican Conference today, and I want the topic will be focused.

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Speaker 2: You have.

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Speaker 7: People like Byron Donald's and others being accused of going

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Speaker 7: chip Roy today and getting snarky and mean. I think

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Speaker 7: at the conference over here, here's the issue, and I

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Speaker 7: want to make sure we buyfer kate. You have to

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Speaker 7: get the preliminary It's like in ice skating. You have

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Speaker 7: to get the preliminaries done. You have to ace the

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Speaker 7: the the things. You have to do the compulsory, you know,

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Speaker 7: the compulsory. You have to ace those to be able

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Speaker 7: to dance freestyle on Sunday night win the gold medal.

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Speaker 2: You have to get the basics done.

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Speaker 7: They have to be done, and we have to get

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Speaker 7: tens on those people are moving at a million miles

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Speaker 7: an hour. It's great, you've got scale depth, an urgency,

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Speaker 7: scale depth and urgency of what President Trump's doing these verticals.

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Speaker 2: But let's pull back right to our matrix.

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Speaker 7: Let's pull back to what we've talked about from the beginning,

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Speaker 7: from the very night we won.

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Speaker 2: You have three big things that have to get done.

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Speaker 2: Number one.

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Speaker 7: You have to end the kinetic part of the Third

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Speaker 7: World War. Only President Trump can do that principally in Ukraine.

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Speaker 7: Number two is in the Middle East, and extract American

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Speaker 7: involvement from that. Number two, you have to simultaneously begin

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Speaker 7: the mass deportations.

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Speaker 2: Let me continue to put the word mass in there.

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Speaker 7: Mass deportations of I don't know, approximately twelve million illegal

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Speaker 7: alien vaders that have come here just from twenty January

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Speaker 7: of twenty twenty one.

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Speaker 2: Let's not worry about anybody came in beforehand. You just can't.

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Speaker 7: Maybe if they're criminals in jail, yes, but I'm saying

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Speaker 7: that's a small percentage. You've got to focus on what

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Speaker 7: Biden allowed in the invasion.

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Speaker 2: That's enough.

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Speaker 7: It'll take his years to do that, but focus on that,

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Speaker 7: and it's mass deportations number three. In neither one of those,

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Speaker 7: even the beginning of the kinetic part of the Third

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Speaker 7: World War is not existential right now if you handle

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Speaker 7: it and extract it, and the deportations are. The invasion's horrible,

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Speaker 7: but you got the army there now, that's first step

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Speaker 7: of stopping it. You have a much more awareness. Even

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Speaker 7: Abbott sending the National Guard there The existential is the

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Speaker 7: financial part. Even I haven't pulled it up yet, but

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Speaker 7: Bill Ackman, even Bill Ackman had a tweet last night

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Speaker 7: and Acman goes through thirty six trillion dollars in debt,

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Speaker 7: the refinancing, and that striving inflation that has to be cut.

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Speaker 7: The way to do this, Doge, the thing itself is

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Speaker 7: to get the grips around the spending. The spending morning

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Speaker 7: Joe does I think a twelve minute segment on eggs today,

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Speaker 7: the price of eggs, Trump promise, the price of eggs,

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Speaker 7: the price of eggs and price of eggs. You're only

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Speaker 7: going to get inflation down when you get the inflationary

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Speaker 7: aspects of a Keynesian right. At this low employment, I

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Speaker 7: get my economists here, this is a Caynesian stimulus. You're

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Speaker 7: juicing into the economy all the time. At a six

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Speaker 7: and a half trillion dollars of federal spending approximately, and

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Speaker 7: with four and a half training coming in approximately, that

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Speaker 7: gap is two trillion dollars. The Congressional Budget Office concurs me. Now,

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Speaker 7: there's some debate about dynamic storing and under dynamic scoring.

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Speaker 7: I won't bore you with the details, but just roughly,

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Speaker 7: it's two trillion dollars. We're talking about reconciliations, bills, and

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Speaker 7: you do these things for the border and the taxes.

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Speaker 2: Let's be blunt.

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Speaker 7: The whole thing with Jason Smith and these guys over

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Speaker 7: there on ways and means is the four trillion dollars

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Speaker 7: of President Trump's tax cut. You have to you have

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Speaker 7: to renew the two point six train that goes to

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Speaker 7: people couples under four thousand and everybody underneath that, and

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Speaker 7: maybe even juice that a little bit.

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Speaker 2: And you've got to take care of the pastors.

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Speaker 7: To the to the to the the small entrepreneurs, which

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Speaker 7: is another couple hundred million dollars. So let's say of

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Speaker 7: the four tree and it's it's up to three training

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Speaker 7: of that a trallion dollars of the tax cut, I'm saying,

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Speaker 7: can't even one. It should not be a tax cut

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Speaker 7: for the wealthy. In fact, that should be a tax

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Speaker 7: increase until we close the gap. Because they're the ones,

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Speaker 7: the corporatist, the lords of easy money, the Oligarks and

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Speaker 7: Silicon Valley, they're all welfare queens. They all want, they

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Speaker 7: all want, they all want goodies and support from your dollars,

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Speaker 7: and the place to start is the defense budget. And

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Speaker 7: I'm a hawk, and I've got skin in the game

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Speaker 7: to show amahawk as my daughter does in the rest

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Speaker 7: of the family.

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Speaker 2: We're hawks, but we're bigger hawks.

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Speaker 7: The ticking time bomb on on our national security is

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Speaker 7: this debt because it's in a strictly linked with our

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Speaker 7: ability to face the Chinese Communist Party, and we're crippling

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Speaker 7: ourselves every day. Okay, so let me pull back President

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Speaker 7: Trump and his geoeconomic and geostrategic rethinking. This goes back to,

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Speaker 7: you know, we're free market capitalists. One we believe there

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Speaker 7: should be more capitalists.

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Speaker 2: There's not. Right now. We're in the world. The world

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Speaker 2: system is mercantilist essentially.

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Speaker 7: Where they're where they're they're they're grifting off of the

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Speaker 7: whole world is underwritten, as President Trump said the other

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Speaker 7: day in his tweet, is underwritten by workingmen and women

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Speaker 7: in this country. That's why we are protectionists. That's why

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Speaker 7: we look at external revenue service. That's why we look

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Speaker 7: at the golden market here that you've created, the little

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Speaker 7: platoons that Burke talked about, that's given the stability and

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Speaker 7: civic underpinnings of this economy, of which, by the way,

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Speaker 7: you guys are all dialed out of except for a

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Speaker 7: tiny piece on the on the income side, which is

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Speaker 7: not increasing.

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Speaker 2: Geostrategically.

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Speaker 7: President Trump an amazing focus, goes, Hey, how about this

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Speaker 7: hemispheric hemispheric defense.

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Speaker 2: I think I've heard that before. Oh yeah, that's right.

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Speaker 7: The the the the revolutionary generation and the founders, James

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Speaker 7: Monroe to being the biggest, and James Munroe, as people know, was,

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Speaker 7: I believe, an officer at Valley Forge with with UH,

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Speaker 7: with General Washington as a junior officer, as Hamilton was,

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Speaker 7: and John Marshall, many of the people the most loyal

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Speaker 7: to UH, to UH, General Washington and then President Washington

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Speaker 7: and really the people that built the American system. That

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Speaker 7: was a system economics that came out of the Report

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Speaker 7: on Manufactures, and we as economic nationalists and guys that think,

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Speaker 7: you know, Hamilton was fantastic. He wanted a little faulted

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Speaker 7: deep on certain things, right, had a little too much,

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Speaker 7: a little bit kind of globalist on the I mean nationalists,

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Speaker 7: but kind of admired the British Empire a little too much,

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Speaker 7: and I don't know, like a lot of individuals, you know,

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Speaker 7: had a thing with the ladies, right, just did. He

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Speaker 7: was not He was a very imperfect instrument, but a

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Speaker 7: great man, I would argue, one of the greatest of.

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Speaker 2: The founders the American.

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Speaker 7: System, back by Monroe, back by Marshall.

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Speaker 2: You noticed the American system was really backed a lot.

435
00:22:43,480 --> 00:22:48,480
Speaker 7: By those that saw the sacrifice in the war because

436
00:22:48,520 --> 00:22:50,639
Speaker 7: the all things, the Declaration independens a bunch of lawyers,

437
00:22:50,680 --> 00:22:52,720
Speaker 7: right in a beautiful document. That was just a beautiful

438
00:22:52,760 --> 00:22:55,399
Speaker 7: document that he set the table for an invasion that

439
00:22:55,480 --> 00:22:56,200
Speaker 7: already started.

440
00:22:57,280 --> 00:22:58,119
Speaker 2: I think we finished that.

441
00:22:58,160 --> 00:23:00,640
Speaker 7: I think we finished the declaration on this second, ready

442
00:23:00,640 --> 00:23:04,480
Speaker 7: for signature of the fourth, the British expeditionary force landed

443
00:23:04,520 --> 00:23:07,000
Speaker 7: in Staten Island on wait for it, the afternoon of

444
00:23:07,000 --> 00:23:12,040
Speaker 7: the second. The founder, the Revolutionary generation knew they were

445
00:23:12,080 --> 00:23:14,720
Speaker 7: going to war. This is the largest expeditionary force in

446
00:23:14,760 --> 00:23:18,720
Speaker 7: world history at that time, maybe as bigger than at

447
00:23:18,800 --> 00:23:22,359
Speaker 7: least modern history, Bigger than Xerxes coming to Greece to

448
00:23:22,440 --> 00:23:25,280
Speaker 7: shut down another democracy.

449
00:23:26,320 --> 00:23:31,040
Speaker 2: From Persia. Gosh, how that's interconnected today? Right?

450
00:23:32,640 --> 00:23:36,440
Speaker 7: So the hemispheric and you send Rubia the first time

451
00:23:36,480 --> 00:23:39,399
Speaker 7: to Panama. He's got a thirty minute meeting and the

452
00:23:39,440 --> 00:23:42,000
Speaker 7: guy walks out. The president walks out to the stick, says.

453
00:23:41,760 --> 00:23:44,040
Speaker 2: I'm out of one belt one road. And we told

454
00:23:44,040 --> 00:23:45,239
Speaker 2: you they pulled the contract here.

455
00:23:45,480 --> 00:23:48,480
Speaker 7: They began to pull the contract from Hutchison Wanpaula, the

456
00:23:48,640 --> 00:23:52,640
Speaker 7: huge trading company in Hong Kong that runs the Port

457
00:23:52,680 --> 00:23:54,720
Speaker 7: of Hong Kong and runs the port of Panama.

458
00:23:54,880 --> 00:23:57,240
Speaker 2: They're throwing him out. He's taken that.

459
00:23:57,320 --> 00:24:00,240
Speaker 7: In Greenland, we had we had Tom Dan were a

460
00:24:00,320 --> 00:24:03,120
Speaker 7: very moving ceremony yesterday laying the wreath on the door

461
00:24:03,200 --> 00:24:07,320
Speaker 7: where the Dorchester sank with the four Chaplains, two Protestants,

462
00:24:07,640 --> 00:24:11,760
Speaker 7: a Catholic, and I'll throw in a rabbi. Right sank

463
00:24:11,800 --> 00:24:15,200
Speaker 7: out there in the North Atlantic, freezing to death immediately

464
00:24:15,240 --> 00:24:19,199
Speaker 7: with hypothermia on a merchant on a merchant, on a

465
00:24:19,240 --> 00:24:23,720
Speaker 7: merchant marine ship. So in Greenland, you've got the extension

466
00:24:23,720 --> 00:24:26,800
Speaker 7: of Fortress America, the extension of two point zero. If

467
00:24:26,840 --> 00:24:30,320
Speaker 7: you add the island chains in the Pacific, you've fremetically

468
00:24:30,400 --> 00:24:31,359
Speaker 7: sealed the United States.

469
00:24:31,440 --> 00:24:33,280
Speaker 2: Throw on top of it an iron dome and we're

470
00:24:33,280 --> 00:24:33,760
Speaker 2: good to go.

471
00:24:38,000 --> 00:24:43,800
Speaker 7: In Ukraine, Zelenski, who used one of the crudest terms

472
00:24:44,080 --> 00:24:45,200
Speaker 7: and I've been known.

473
00:24:45,040 --> 00:24:46,840
Speaker 2: To throw at a couple of crude terms. I got it.

474
00:24:46,880 --> 00:24:49,320
Speaker 7: I'm an irishman and a naval officers. Sometimes it just

475
00:24:49,359 --> 00:24:54,320
Speaker 7: slips and I run a little hot. Sometimes he is

476
00:24:54,440 --> 00:24:58,119
Speaker 7: one of the crudest descriptions for Tucker Carlson. What has

477
00:24:58,160 --> 00:25:01,960
Speaker 7: Tucker Carlson done? Stood up for nation? And want to

478
00:25:01,960 --> 00:25:03,879
Speaker 7: know where the grift is? And this is a guy

479
00:25:04,040 --> 00:25:09,719
Speaker 7: on Piers Morgan comes yesterday on Piers Morgan and Zelenski's

480
00:25:09,720 --> 00:25:12,360
Speaker 7: sitting there and says this crude thing about Tucker Carlson

481
00:25:12,560 --> 00:25:16,159
Speaker 7: on the day after he told the Associated Press, I

482
00:25:16,200 --> 00:25:18,760
Speaker 7: only got seventy seven billion dollars. I don't know what Margine, Taylor,

483
00:25:18,800 --> 00:25:20,320
Speaker 7: Green and Band and all these guys are winding about

484
00:25:20,359 --> 00:25:20,960
Speaker 7: what they talk about.

485
00:25:20,960 --> 00:25:23,960
Speaker 2: I only got seventy seven billion. I know you allocated

486
00:25:24,000 --> 00:25:26,399
Speaker 2: one seventy nine, but hey, I don't know. I just

487
00:25:26,440 --> 00:25:30,280
Speaker 2: got seventy seven. It's an open secret in this city.

488
00:25:30,359 --> 00:25:32,400
Speaker 7: It's an open secret with the CIA, it's an open

489
00:25:32,400 --> 00:25:34,680
Speaker 7: secret in New York and the City of London that

490
00:25:34,880 --> 00:25:38,800
Speaker 7: they've been stealing with both hands. Open secret they're stealing

491
00:25:38,880 --> 00:25:43,400
Speaker 7: with both hands. And right now we're a little too

492
00:25:43,400 --> 00:25:48,280
Speaker 7: bogged down in that I'm not going to dress Gaza

493
00:25:48,320 --> 00:25:52,880
Speaker 7: up because it's about focusing about opportunity costs and we've

494
00:25:52,920 --> 00:25:55,920
Speaker 7: got if we've got a shredder, we're going into here's

495
00:25:55,960 --> 00:25:59,840
Speaker 7: the shredder. It's not simply the reconciliations bills, the reconciliation bills,

496
00:26:00,359 --> 00:26:05,080
Speaker 7: trying to accomplish things and do things that are good

497
00:26:05,119 --> 00:26:07,440
Speaker 7: to have and actually saying the tax thing, yes, nice

498
00:26:07,480 --> 00:26:10,320
Speaker 7: to you have to have. As Scott Beston says, However,

499
00:26:10,760 --> 00:26:13,160
Speaker 7: we have something fundamentally that nobody wants to talk about.

500
00:26:13,200 --> 00:26:15,760
Speaker 7: And now I'm seeing inside the conference because we're hammering it.

501
00:26:16,960 --> 00:26:20,440
Speaker 7: On the fourteenth at March at midnight, the government's out

502
00:26:20,440 --> 00:26:24,560
Speaker 7: of money again. It doesn't matter if Elon's over thing

503
00:26:24,560 --> 00:26:26,639
Speaker 7: he's got the checkbook or he's got in Jersey. He's

504
00:26:26,680 --> 00:26:28,720
Speaker 7: finally gotten back. He's gone to O and B for

505
00:26:28,800 --> 00:26:31,080
Speaker 7: the words allocated and then going back to the thing,

506
00:26:31,200 --> 00:26:35,600
Speaker 7: got the checkbook. Just stopping them bright and checks doesn't.

507
00:26:35,680 --> 00:26:39,000
Speaker 7: That's not cutting spending. That's just slowing it down. I

508
00:26:39,119 --> 00:26:41,800
Speaker 7: kind of dig it in one aspect of it.

509
00:26:41,800 --> 00:26:43,840
Speaker 2: It puts them on notice. Your money just can't flow.

510
00:26:44,080 --> 00:26:49,800
Speaker 7: However, midnight on the fourteenth is the moment of decision,

511
00:26:49,880 --> 00:26:54,159
Speaker 7: we're either in or we're out. Do we actually shut

512
00:26:54,280 --> 00:26:57,359
Speaker 7: down President Trump? Does he actually shut down his own

513
00:26:57,440 --> 00:26:59,040
Speaker 7: government from funding?

514
00:26:59,720 --> 00:27:01,560
Speaker 4: He's your host, Stephen K.

515
00:27:01,800 --> 00:27:03,399
Speaker 2: Bah Gold All.

516
00:27:03,280 --> 00:27:08,480
Speaker 7: Time high, Okay Gold, Birch Gold, think Gold's a twenty

517
00:27:08,480 --> 00:27:11,080
Speaker 7: eight fifth. By the way, breaking news over at zero

518
00:27:11,200 --> 00:27:19,200
Speaker 7: Hedge Twitter, our own Jason Trennard of Strategius has been

519
00:27:19,280 --> 00:27:23,600
Speaker 7: named the Assistant Secretary of Treasury for Financial Markets.

520
00:27:24,000 --> 00:27:24,920
Speaker 2: That's fabulous.

521
00:27:25,280 --> 00:27:27,560
Speaker 7: We've lost the entire economic team, he says, for ej

522
00:27:27,680 --> 00:27:28,800
Speaker 7: Antoni and Dave Brett.

523
00:27:29,040 --> 00:27:30,080
Speaker 2: This is how depster I am.

524
00:27:30,119 --> 00:27:32,119
Speaker 7: I got a prote I got a failed pro tennis

525
00:27:32,119 --> 00:27:35,040
Speaker 7: player here that finally had to make a living. So

526
00:27:35,119 --> 00:27:38,520
Speaker 7: he went and he went to work. He taught us

527
00:27:38,560 --> 00:27:41,880
Speaker 7: at a college of poets. I'm kidding, Brat's my go

528
00:27:41,920 --> 00:27:44,440
Speaker 7: to now in all things economics. And by the way,

529
00:27:44,520 --> 00:27:47,359
Speaker 7: to show you Brat stepping up to the plate. He's

530
00:27:47,400 --> 00:27:51,440
Speaker 7: been coming to me all night with these detailed mathematical

531
00:27:51,520 --> 00:27:55,760
Speaker 7: calculus formulas, that proving he's like a mad professor. Now saying,

532
00:27:55,800 --> 00:27:58,360
Speaker 7: I figured out he's on the truck. He's on the whiteboard.

533
00:27:58,359 --> 00:28:02,080
Speaker 7: I go, Dave stop stop, I said no, Besson's gone.

534
00:28:02,240 --> 00:28:05,919
Speaker 7: Peter's on CNN this morning. Peter was great on CNN. Navarro,

535
00:28:06,480 --> 00:28:09,840
Speaker 7: you got vote. They're slowing down Vote. They just said

536
00:28:09,880 --> 00:28:13,120
Speaker 7: they're going to do thirty hours. They're so apoplectic on vote.

537
00:28:13,680 --> 00:28:15,879
Speaker 7: Rachel Matter every night. She's back to work five nights

538
00:28:15,920 --> 00:28:18,800
Speaker 7: a week. She ain't happy about it. Okay, she's on

539
00:28:18,920 --> 00:28:23,199
Speaker 7: Vote every night. That morning, Joe's doing fifteen minute segments

540
00:28:23,240 --> 00:28:26,280
Speaker 7: on the price of eggs just for the Republican caucus

541
00:28:26,359 --> 00:28:29,520
Speaker 7: over there. Look, only one hundred and seventy people went

542
00:28:29,560 --> 00:28:34,760
Speaker 7: to Durrell. That is a warning, Flare. Why didn't everybody go.

543
00:28:36,040 --> 00:28:38,240
Speaker 7: What I'm hearing is that people are very upset that

544
00:28:38,280 --> 00:28:41,680
Speaker 7: it's not enough serious work going on this budget.

545
00:28:41,840 --> 00:28:43,320
Speaker 2: And look, the.

546
00:28:45,280 --> 00:28:47,840
Speaker 7: Reconciliations are fine. That has to and there's no plan

547
00:28:47,920 --> 00:28:50,680
Speaker 7: for that. Lindsey Graham in the Senate, you should know,

548
00:28:50,840 --> 00:28:54,040
Speaker 7: is coming forward with the two. They're coming forward with uh,

549
00:28:54,240 --> 00:28:59,160
Speaker 7: they're coming forward with the border and energy, et cetera.

550
00:28:59,240 --> 00:29:01,440
Speaker 7: They're not doing it be because they're friends of war room.

551
00:29:02,000 --> 00:29:04,560
Speaker 7: Remember in the Senate's moving. The Senate's moving at the donors.

552
00:29:04,600 --> 00:29:07,040
Speaker 7: The donors are very just concerned that if you have

553
00:29:07,200 --> 00:29:09,000
Speaker 7: one big, beautiful bill.

554
00:29:09,080 --> 00:29:11,080
Speaker 2: It's easier to vote down. They got to get those

555
00:29:11,120 --> 00:29:11,720
Speaker 2: tax cuts.

556
00:29:12,680 --> 00:29:16,080
Speaker 7: I actually think I think it's easier if we bifurcated.

557
00:29:16,280 --> 00:29:18,360
Speaker 7: First off, we got to get the border. They don't

558
00:29:18,400 --> 00:29:20,080
Speaker 7: have the money right now to do what Homing and

559
00:29:20,120 --> 00:29:21,800
Speaker 7: these guys are going to do. This is remember it's

560
00:29:21,880 --> 00:29:25,400
Speaker 7: mass deportations. The ones these Tuesday they're doing now is heroic.

561
00:29:25,480 --> 00:29:28,959
Speaker 7: I love the optics. We do know though from people there,

562
00:29:29,000 --> 00:29:31,600
Speaker 7: it's getting harder. It's administrative warrants. Pam Bonnie is going

563
00:29:31,680 --> 00:29:33,400
Speaker 7: to change that. Pam is going to be at the

564
00:29:33,400 --> 00:29:36,680
Speaker 7: White House eleven thirty. We may cut to the Oval Office.

565
00:29:36,720 --> 00:29:38,320
Speaker 7: You may be in with the President, will cut to

566
00:29:38,400 --> 00:29:42,720
Speaker 7: Pam BONDI got approved last night. Sigal Chatta out in

567
00:29:42,720 --> 00:29:46,560
Speaker 7: Nevada has sent me nineteen attorney generals are suing now.

568
00:29:46,640 --> 00:29:50,120
Speaker 7: I think on cash Ptel they want so what was

569
00:29:50,120 --> 00:29:52,480
Speaker 7: said on Richard Madday, last three four nights. The resist

570
00:29:52,480 --> 00:29:55,680
Speaker 7: they're digging in now, they're shattered. They don't have a

571
00:29:55,760 --> 00:29:57,880
Speaker 7: leader there. You know, John Story is telling the Schumer

572
00:29:57,880 --> 00:29:58,800
Speaker 7: you got to get off TV.

573
00:29:59,480 --> 00:30:00,720
Speaker 2: But trying to regroup.

574
00:30:00,720 --> 00:30:02,479
Speaker 7: They're trying to look at a rally point just like

575
00:30:02,480 --> 00:30:05,000
Speaker 7: we did at twenty one. Remember that, and they're going

576
00:30:05,080 --> 00:30:07,120
Speaker 7: to have it and they have much many more resources.

577
00:30:07,120 --> 00:30:11,080
Speaker 7: They still have the media. These guys are far from done.

578
00:30:11,680 --> 00:30:14,200
Speaker 7: Make this is why USAID has to get done, because

579
00:30:14,200 --> 00:30:17,640
Speaker 7: you're taking out a funding pool. Okay, so I want

580
00:30:17,640 --> 00:30:21,760
Speaker 7: to go to birch gold. The price of gold hit

581
00:30:21,800 --> 00:30:24,800
Speaker 7: another all time high. I think overnight. I'm not here

582
00:30:24,840 --> 00:30:29,880
Speaker 7: hawking gold. I'm What we're making available to you is

583
00:30:31,400 --> 00:30:33,880
Speaker 7: in your thinking, and we know the audience loves, receives

584
00:30:33,880 --> 00:30:38,560
Speaker 7: and loves details. It's very important, we believe, for you

585
00:30:38,640 --> 00:30:41,800
Speaker 7: to understand, in all the range of alternative financial alternatives,

586
00:30:41,840 --> 00:30:43,720
Speaker 7: you need a hedge against times of turbulence.

587
00:30:43,720 --> 00:30:44,840
Speaker 2: That's what gold's always been.

588
00:30:45,920 --> 00:30:48,480
Speaker 7: How gold's performer the last couple of years is traditionally

589
00:30:48,480 --> 00:30:50,640
Speaker 7: not how gold performance day. Brett knows this. I mean,

590
00:30:50,680 --> 00:30:52,480
Speaker 7: I think we picked up as like eleven hundred bucks

591
00:30:52,520 --> 00:30:55,160
Speaker 7: an ounce of twelve hundred bucks. You've never had these

592
00:30:55,240 --> 00:31:00,040
Speaker 7: kind of moves. The moves are going because of the

593
00:31:00,080 --> 00:31:01,840
Speaker 7: decrease of the purchasing power of the dollar.

594
00:31:02,040 --> 00:31:04,280
Speaker 2: Why is that? Okay, let me think for a second.

595
00:31:04,320 --> 00:31:07,080
Speaker 7: Hang on, Oh, the deficits a federal spend it all

596
00:31:07,120 --> 00:31:10,480
Speaker 7: gets the railhead all gets back. The apparatus has more

597
00:31:10,480 --> 00:31:12,960
Speaker 7: control over you. They're more involved in every aspect of

598
00:31:13,000 --> 00:31:16,320
Speaker 7: your life. Right, inflation goes and now let's embed it,

599
00:31:16,920 --> 00:31:19,400
Speaker 7: Bill Ackman, Can we put up the Can we put

600
00:31:19,440 --> 00:31:22,200
Speaker 7: up the tweet from Acman? You know Acman is no

601
00:31:22,280 --> 00:31:26,719
Speaker 7: fan of Warrim, but he is a major axe on

602
00:31:26,800 --> 00:31:28,840
Speaker 7: Wall Street as a hedge fund. I think he runs

603
00:31:28,880 --> 00:31:33,000
Speaker 7: Pershing Pershing Square Capital Pershing Square Capitals, you know, is

604
00:31:33,880 --> 00:31:35,400
Speaker 7: is one of the little squares there in New York

605
00:31:35,480 --> 00:31:40,520
Speaker 7: that dot it with them the And he's saying he

606
00:31:40,600 --> 00:31:42,960
Speaker 7: has a whole thing about Elon Musk and about letting

607
00:31:43,040 --> 00:31:45,760
Speaker 7: Doge do their work and find these find these cuts

608
00:31:45,760 --> 00:31:48,480
Speaker 7: and do this, and supporting President Trump at Elon Musk.

609
00:31:48,680 --> 00:31:52,440
Speaker 7: But his preamble is the mantra of the warwer is

610
00:31:52,480 --> 00:31:54,520
Speaker 7: that at thirty six tree and an adding a tree

611
00:31:54,600 --> 00:31:57,360
Speaker 7: in dollars every couple one hundred days or so, and

612
00:31:57,440 --> 00:32:01,840
Speaker 7: having deficits still annually at two training dollars in perpetuity,

613
00:32:01,840 --> 00:32:03,760
Speaker 7: because ladies and gentlemen, this is as far as I

614
00:32:03,880 --> 00:32:07,080
Speaker 7: can see, he's saying it's not sustainable. Plus he gets

615
00:32:07,080 --> 00:32:09,560
Speaker 7: to the point and having to refinance that he gets

616
00:32:09,600 --> 00:32:12,280
Speaker 7: down to it having to refinance that a third of

617
00:32:12,320 --> 00:32:15,640
Speaker 7: it essentially every year at higher and higher rates. Because

618
00:32:15,640 --> 00:32:20,200
Speaker 7: that's what's happening, that you're embedding inflation that you can

619
00:32:20,280 --> 00:32:23,120
Speaker 7: only take away when you cut the deficits. We're not

620
00:32:23,240 --> 00:32:26,240
Speaker 7: talking about in your lifetime, the lived experience of this audience.

621
00:32:27,360 --> 00:32:31,880
Speaker 7: We will not get to ever taking off a dollar,

622
00:32:32,000 --> 00:32:33,560
Speaker 7: the principal maunt of the debt.

623
00:32:33,720 --> 00:32:37,040
Speaker 2: It won't happen. The struggle now. Even Elon Moss went for.

624
00:32:37,040 --> 00:32:41,680
Speaker 7: True trellion off the six point five now to now

625
00:32:42,040 --> 00:32:45,440
Speaker 7: one tree off, and I'm not faulting him. I think

626
00:32:45,440 --> 00:32:47,840
Speaker 7: he's understanding it's a lot more complicated. It's not like

627
00:32:47,880 --> 00:32:50,520
Speaker 7: a company. And this is my point about the O

628
00:32:50,600 --> 00:32:52,400
Speaker 7: and B. Where the money was was, I think shocked

629
00:32:52,440 --> 00:32:55,600
Speaker 7: everybody that, wow, it's everywhere, headstarred meals on wheels in

630
00:32:55,600 --> 00:32:57,920
Speaker 7: every congressional district. They were getting blown up down at Durrel.

631
00:32:59,520 --> 00:33:02,320
Speaker 7: This is why President retracted the memo. But remember not

632
00:33:02,440 --> 00:33:05,560
Speaker 7: the content of the memo, which was slow down payments.

633
00:33:05,920 --> 00:33:08,200
Speaker 2: And it shows you everywhere. Also shows you a complexity

634
00:33:08,200 --> 00:33:08,760
Speaker 2: of Medicaid.

635
00:33:08,800 --> 00:33:11,200
Speaker 7: Medicaid you would think Medicaid Defense Apartment be the two

636
00:33:11,240 --> 00:33:15,080
Speaker 7: you look at medicaid. Ain't so easy because since corporations

637
00:33:15,080 --> 00:33:18,400
Speaker 7: haven't been paying anybody and not picking up healthcare, Medicaid's

638
00:33:18,400 --> 00:33:22,840
Speaker 7: in there. You know it's and it's going to maga,

639
00:33:23,080 --> 00:33:24,479
Speaker 7: particularly working class American.

640
00:33:24,600 --> 00:33:26,040
Speaker 2: That's just a reality you have to face.

641
00:33:27,520 --> 00:33:30,840
Speaker 7: So with all that, it gets down to Elon then

642
00:33:30,880 --> 00:33:33,480
Speaker 7: cuts to a trillion dollars starting next year, and what

643
00:33:33,520 --> 00:33:36,560
Speaker 7: he's going to do is identify four billion a day

644
00:33:37,080 --> 00:33:39,640
Speaker 7: between now and October one, the new physical year to

645
00:33:39,640 --> 00:33:42,280
Speaker 7: identify kick in. And I'm only my point is yo,

646
00:33:43,160 --> 00:33:45,480
Speaker 7: I got that. But right now I know you're doing

647
00:33:45,480 --> 00:33:50,040
Speaker 7: the line diagram. But this weekend, sit down and just

648
00:33:50,160 --> 00:33:53,400
Speaker 7: round up to the nearest hundred billion. You do this

649
00:33:53,480 --> 00:33:56,280
Speaker 7: in restructurings all the time. You're not going to get

650
00:33:56,280 --> 00:33:58,320
Speaker 7: to the fifth decimal place. You don't need to get

651
00:33:58,360 --> 00:34:00,840
Speaker 7: to the fifth defli place. The thing's so big and

652
00:34:00,840 --> 00:34:03,200
Speaker 7: out of control. And this is what's out of control

653
00:34:03,720 --> 00:34:09,080
Speaker 7: is the spending, and it's the system. Elon is out.

654
00:34:09,360 --> 00:34:11,800
Speaker 7: Like I was a junior officer in a Navy ship,

655
00:34:12,320 --> 00:34:14,600
Speaker 7: you have to what's called fight the ship. You have

656
00:34:14,680 --> 00:34:18,759
Speaker 7: to understand how a combat as a system works, and

657
00:34:18,800 --> 00:34:22,520
Speaker 7: you also have to learn when the enemy gets a vote.

658
00:34:22,560 --> 00:34:25,040
Speaker 7: When when you're in combat and things start blowing up,

659
00:34:25,080 --> 00:34:27,319
Speaker 7: you have to know the system well enough that you

660
00:34:27,360 --> 00:34:29,680
Speaker 7: can revert on damage control and do other things. You've

661
00:34:29,680 --> 00:34:31,200
Speaker 7: seen this if you've ever watched some of the war

662
00:34:31,239 --> 00:34:35,560
Speaker 7: films about Navy ships. Elon's engineering brain is doing the

663
00:34:35,560 --> 00:34:38,440
Speaker 7: same thing onb memos to find out where the cash is,

664
00:34:38,520 --> 00:34:41,040
Speaker 7: how much percentage of it's out there, and where does

665
00:34:41,080 --> 00:34:44,120
Speaker 7: it go? And he goes to the railhead, then back

666
00:34:44,200 --> 00:34:49,719
Speaker 7: to Treasury that actually writes the checks. And you know,

667
00:34:49,800 --> 00:34:53,160
Speaker 7: and Trump's version of the world. Hey, the way you

668
00:34:53,160 --> 00:34:55,399
Speaker 7: control the companies control the checkbook. You don't sign any

669
00:34:55,480 --> 00:34:59,319
Speaker 7: checks that you can slow down payments, you can stretch out.

670
00:35:00,280 --> 00:35:03,920
Speaker 7: You can make vendors a permanent part of your capital structure.

671
00:35:04,000 --> 00:35:06,960
Speaker 7: People do that all the time in restructurings. Right, I'll

672
00:35:06,960 --> 00:35:09,200
Speaker 7: give you ten percent. Now you gotta stretch your payments out.

673
00:35:09,360 --> 00:35:11,120
Speaker 7: If vendors want to keep selling these stuff, they.

674
00:35:11,040 --> 00:35:12,080
Speaker 4: Have to do it.

675
00:35:11,440 --> 00:35:13,880
Speaker 7: It hurts them, but hey, that's just the life. And

676
00:35:14,160 --> 00:35:16,040
Speaker 7: if people everybody in the audience knows that you run

677
00:35:16,040 --> 00:35:20,040
Speaker 7: a small business. But at the end of the day,

678
00:35:21,239 --> 00:35:26,000
Speaker 7: the Appropriation's Bill is a law. It's a law for

679
00:35:26,080 --> 00:35:29,920
Speaker 7: a reason. It's statutory. Everybody, they vote on it, they

680
00:35:30,000 --> 00:35:32,719
Speaker 7: negotiate it for a year, they allocate it, and it

681
00:35:32,760 --> 00:35:35,279
Speaker 7: goes into a first a treasury where the payments go.

682
00:35:35,360 --> 00:35:37,400
Speaker 2: Then omb had a manager how to look at it.

683
00:35:37,680 --> 00:35:38,479
Speaker 2: But it's a law.

684
00:35:38,840 --> 00:35:42,880
Speaker 7: President Trump's theory the case and Mark Paoletta and Jeff

685
00:35:42,920 --> 00:35:46,600
Speaker 7: Clark and Russ vote. You know, three guys have been

686
00:35:46,600 --> 00:35:49,920
Speaker 7: on the show a lot have this theory case of impowment,

687
00:35:50,320 --> 00:35:52,080
Speaker 7: and they're thory the case of impowerment. Like in the

688
00:35:52,080 --> 00:35:54,839
Speaker 7: Green new Scam when President Trump sends an executive order

689
00:35:54,840 --> 00:35:58,080
Speaker 7: and say the Green new Scam is over right, that

690
00:35:58,280 --> 00:36:00,440
Speaker 7: the three hundred billion the saying they remember the headline

691
00:36:00,480 --> 00:36:03,640
Speaker 7: Financial Time three and bion. President Trump can grab that

692
00:36:03,880 --> 00:36:09,319
Speaker 7: because the tradion dollars was a ceiling and he can

693
00:36:09,400 --> 00:36:11,920
Speaker 7: in the unified theory of the executive, a chief executive,

694
00:36:11,920 --> 00:36:14,440
Speaker 7: he can make a determination and give me that money

695
00:36:14,600 --> 00:36:18,120
Speaker 7: and I'm going to reallocate that to Tom Holman, et cetera. Okay,

696
00:36:18,160 --> 00:36:21,080
Speaker 7: this is, by the way, it's an interesting theory. We

697
00:36:21,200 --> 00:36:22,960
Speaker 7: happen to believe it's correct here in the war room.

698
00:36:23,080 --> 00:36:26,600
Speaker 7: But nine people in black robes across the Street are

699
00:36:26,600 --> 00:36:28,680
Speaker 7: eventually going to make a decision on that, Dave Brad So,

700
00:36:28,800 --> 00:36:31,759
Speaker 7: and here's the thing. The fourteenth, these trains left the

701
00:36:31,800 --> 00:36:35,400
Speaker 7: station and is hurtling down to a conclusion. Everything should

702
00:36:35,400 --> 00:36:38,400
Speaker 7: be put aside right now for the next thirty days,

703
00:36:38,400 --> 00:36:40,800
Speaker 7: and Elon should sit down with the president. I understand

704
00:36:40,840 --> 00:36:42,960
Speaker 7: you're doing this stuff and run around shutting down the FBI,

705
00:36:43,000 --> 00:36:45,000
Speaker 7: and God bless you, we need it.

706
00:36:45,120 --> 00:36:49,520
Speaker 2: However, the main thing is to make sure that and

707
00:36:49,560 --> 00:36:50,160
Speaker 2: we should have this.

708
00:36:50,760 --> 00:36:53,000
Speaker 7: If it's going to be too true, if we don't

709
00:36:53,040 --> 00:36:57,319
Speaker 7: have the political will and the votes to cut it,

710
00:36:57,640 --> 00:36:59,879
Speaker 7: then let's just have an adult conversation. Then we get

711
00:36:59,880 --> 00:37:01,560
Speaker 7: a figure out how to finance it. But right now

712
00:37:01,560 --> 00:37:04,920
Speaker 7: we're kidding ourselves. And this is why you're seeing Byron

713
00:37:04,960 --> 00:37:07,680
Speaker 7: Donald's and this is why you're seeing Elon Crane and

714
00:37:07,680 --> 00:37:10,920
Speaker 7: Andy Biggs and the same guys. And Byron Donalds gets it.

715
00:37:10,920 --> 00:37:13,479
Speaker 7: He's going to run for governor of Florida. He wants

716
00:37:13,520 --> 00:37:15,760
Speaker 7: to be part of a team that got something done

717
00:37:15,800 --> 00:37:16,400
Speaker 7: in the House.

718
00:37:16,760 --> 00:37:17,200
Speaker 2: Dave Bread.

719
00:37:17,560 --> 00:37:20,480
Speaker 10: Yeah, well that's the main point right there. Is back

720
00:37:20,520 --> 00:37:22,880
Speaker 10: when I came in with Paul Ryan and Speaker, and

721
00:37:22,920 --> 00:37:25,960
Speaker 10: I assume these guys had a plan. There was no plan.

722
00:37:26,600 --> 00:37:29,600
Speaker 10: And so now why is Elon all the pressures on

723
00:37:29,640 --> 00:37:32,000
Speaker 10: Elon for this trillion? Because the House and the Senate

724
00:37:32,040 --> 00:37:35,040
Speaker 10: have totally failed, and the American people are starting to

725
00:37:35,080 --> 00:37:38,960
Speaker 10: see right now with these stories converging Barrasso and Lindsey

726
00:37:39,000 --> 00:37:42,799
Speaker 10: Graham versus the Speaker Mike Johnson in this debate over

727
00:37:42,840 --> 00:37:45,279
Speaker 10: the One Big Beautiful Bill, how in the world do

728
00:37:45,320 --> 00:37:47,480
Speaker 10: we not have our duck center road right the leftist

729
00:37:47,520 --> 00:37:51,520
Speaker 10: planning to come after us. Schumer's going bananas right now.

730
00:37:53,280 --> 00:37:57,120
Speaker 10: MSNBC's blowing up. The time will come when they attack,

731
00:37:57,320 --> 00:37:59,040
Speaker 10: and we're not ready to go. I mean, we're doing

732
00:37:59,080 --> 00:38:01,400
Speaker 10: great work right now, but the House and the Senate

733
00:38:01,400 --> 00:38:05,000
Speaker 10: aren't responsible for any of it. Jony Ernst wrote article yesterday.

734
00:38:05,040 --> 00:38:08,120
Speaker 10: Was in an article yesterday, She's scared of USAID. She

735
00:38:08,160 --> 00:38:11,040
Speaker 10: says they're coming after the USAID is threatening her.

736
00:38:10,960 --> 00:38:14,400
Speaker 7: Stop what do you mean usaa's threatening her fifty billion dolledge?

737
00:38:14,440 --> 00:38:17,120
Speaker 10: They said, you can't look to a US senator, you

738
00:38:17,160 --> 00:38:19,600
Speaker 10: can't look at these contracts, you can't look at this

739
00:38:19,680 --> 00:38:21,080
Speaker 10: classified stuff because.

740
00:38:20,800 --> 00:38:23,680
Speaker 8: You might leak it. They work for her, right, and

741
00:38:23,719 --> 00:38:25,400
Speaker 8: so this is the problem.

742
00:38:25,400 --> 00:38:27,480
Speaker 10: This is the House and the Senate have been letting

743
00:38:27,480 --> 00:38:30,480
Speaker 10: this go on for twenty years, and now it's all

744
00:38:30,520 --> 00:38:32,359
Speaker 10: coming out, right, and so the House and the Senate

745
00:38:32,440 --> 00:38:35,719
Speaker 10: are going to look really bad as this news emerges.

746
00:38:36,680 --> 00:38:39,560
Speaker 10: And so getting back to your egg thing, right, this

747
00:38:39,719 --> 00:38:41,080
Speaker 10: inflation and eggs are up.

748
00:38:41,120 --> 00:38:42,400
Speaker 8: It's total gas lighting.

749
00:38:42,520 --> 00:38:45,600
Speaker 10: Right, prices went up twenty two percent under the Biden regime.

750
00:38:46,280 --> 00:38:47,799
Speaker 8: Inflation's three percent this year.

751
00:38:47,840 --> 00:38:50,320
Speaker 10: So prices are up twenty five percent over the past

752
00:38:50,760 --> 00:38:53,560
Speaker 10: five years. Twenty five percent out of your retirement account,

753
00:38:53,560 --> 00:38:56,279
Speaker 10: by the way, not just eggs. Your retirement account is

754
00:38:56,320 --> 00:39:00,120
Speaker 10: worth twenty five percent less. That has not sunk in

755
00:39:00,160 --> 00:39:03,399
Speaker 10: to the average American person yet, and.

756
00:39:03,320 --> 00:39:04,800
Speaker 2: So sank into the bricks.

757
00:39:04,920 --> 00:39:07,160
Speaker 7: Yeah, this is why they tried together to have a

758
00:39:07,280 --> 00:39:09,480
Speaker 7: gold best and President Drum said, hey, look I love

759
00:39:09,520 --> 00:39:13,440
Speaker 7: the bricks one hundred percent terrace right, dollar right.

760
00:39:13,360 --> 00:39:16,400
Speaker 10: And people are getting confused about the causes of inflation.

761
00:39:16,800 --> 00:39:19,560
Speaker 10: Freedman had right, it's always when you print nine trillion

762
00:39:19,640 --> 00:39:21,800
Speaker 10: dollars M two, you're going to get inflation.

763
00:39:22,040 --> 00:39:24,759
Speaker 2: It's money prints. Explain that, Yeah, it's M two.

764
00:39:25,160 --> 00:39:25,680
Speaker 8: M two is the.

765
00:39:25,680 --> 00:39:27,600
Speaker 10: Amount of money in your economy, right, And so if

766
00:39:27,600 --> 00:39:30,080
Speaker 10: you print way too much money. You're supposed to print

767
00:39:30,120 --> 00:39:33,799
Speaker 10: the percent change of GDP growth. Skip the details here, though.

768
00:39:34,160 --> 00:39:37,000
Speaker 10: What matters is people think government spending causes inflation.

769
00:39:37,520 --> 00:39:38,120
Speaker 8: It does not.

770
00:39:38,800 --> 00:39:43,080
Speaker 10: It appears to because every time we spend government spending

771
00:39:43,160 --> 00:39:46,759
Speaker 10: is two trillion, the Federal Reserve comes in and accommodates it.

772
00:39:46,840 --> 00:39:48,799
Speaker 10: That's the big word for the day when it comes

773
00:39:48,800 --> 00:39:53,080
Speaker 10: to the FED. The Federal Reserve accommodates the spending, uh

774
00:39:53,200 --> 00:39:55,440
Speaker 10: so that interest rates don't go through the roof. That

775
00:39:55,600 --> 00:39:58,640
Speaker 10: is not really their job, right, They're not supposed to

776
00:39:58,640 --> 00:40:01,840
Speaker 10: be accommodating and making it easy for our government to

777
00:40:02,000 --> 00:40:05,000
Speaker 10: run two trillion dollar deficits. But when you have the

778
00:40:05,120 --> 00:40:08,400
Speaker 10: Unit Party and no congressional oversight from the House and

779
00:40:08,440 --> 00:40:11,880
Speaker 10: the Senate. Again, I repeat myself for the past thirty years,

780
00:40:11,880 --> 00:40:15,080
Speaker 10: the FED gets us into the seven to eight financial crisis,

781
00:40:15,280 --> 00:40:18,759
Speaker 10: creates the Tea Party movement that leads into this populist

782
00:40:18,800 --> 00:40:21,000
Speaker 10: movement that's international in scope.

783
00:40:21,560 --> 00:40:23,839
Speaker 8: Trump is clearing the field right now.

784
00:40:23,920 --> 00:40:27,520
Speaker 10: The left is apoplectic, But it all comes down to

785
00:40:27,560 --> 00:40:30,520
Speaker 10: this thirty six trillion in debt. That's thirty six trillion dollars.

786
00:40:31,040 --> 00:40:33,160
Speaker 10: Where do you see that in our economy. What's that

787
00:40:33,239 --> 00:40:35,440
Speaker 10: thirty six trillion dollars in debt done for you? As

788
00:40:35,440 --> 00:40:37,360
Speaker 10: Steve says, every day, where do you see it? You

789
00:40:37,440 --> 00:40:38,680
Speaker 10: see it in the cities, you see it in the

790
00:40:38,719 --> 00:40:41,680
Speaker 10: human capital, you see it anywhere. It's crowding out our

791
00:40:41,719 --> 00:40:43,520
Speaker 10: ability to do anything right.

792
00:40:43,640 --> 00:40:46,400
Speaker 7: Yeah, we're coming up hanging one second, we're going to

793
00:40:46,400 --> 00:40:47,320
Speaker 7: take a short break.

794
00:40:48,280 --> 00:40:51,839
Speaker 2: I've listened to the audience. Davis Davis in the room,

795
00:40:51,920 --> 00:40:52,680
Speaker 2: he is at the mic.

796
00:40:53,280 --> 00:40:57,439
Speaker 7: Short break back in a moment were let's take down.

797
00:41:00,880 --> 00:41:02,680
Speaker 4: Here's your host, Stephen K.

798
00:41:02,920 --> 00:41:11,759
Speaker 7: Bath so Birch goal. Make sure this is about turbulence.

799
00:41:12,080 --> 00:41:14,560
Speaker 7: One should be as smart as possible. The end of

800
00:41:14,560 --> 00:41:17,160
Speaker 7: the dollar empire. Make sure you go and get it's

801
00:41:17,160 --> 00:41:20,840
Speaker 7: been on fire, the request for this modern monetary theory.

802
00:41:20,920 --> 00:41:25,279
Speaker 2: People are digging it. Brad's going to be here.

803
00:41:25,320 --> 00:41:28,560
Speaker 7: We got records coming on the geopolitics and capital markets

804
00:41:28,600 --> 00:41:32,480
Speaker 7: because quite frankly, this is every March fourteenth, and I'm

805
00:41:32,520 --> 00:41:34,759
Speaker 7: telling you now what's going to happen is going to

806
00:41:34,760 --> 00:41:38,319
Speaker 7: be an extend the CR for one year. Extend the

807
00:41:38,360 --> 00:41:40,880
Speaker 7: CR for one year, and that means we're going off

808
00:41:40,960 --> 00:41:45,720
Speaker 7: last year's spending, which is it's still Biden's it's Biden's numbers.

809
00:41:46,600 --> 00:41:47,680
Speaker 2: We have to face the reality.

810
00:41:47,719 --> 00:41:49,160
Speaker 7: We kick this thing into the can to make sure

811
00:41:49,200 --> 00:41:51,440
Speaker 7: the President Trump get a shot doing the budget.

812
00:41:52,120 --> 00:41:52,880
Speaker 2: We have to do it.

813
00:41:53,000 --> 00:41:56,440
Speaker 7: Johnson's guys, everything should be dropped right now. The focus

814
00:41:56,440 --> 00:42:00,719
Speaker 7: should be on this you need. Focus is power. Focus

815
00:42:00,880 --> 00:42:04,200
Speaker 7: is power. I would actually say focus oftentimes is a superpower.

816
00:42:05,160 --> 00:42:07,600
Speaker 2: Right. Focus is power. It's one of the.

817
00:42:07,560 --> 00:42:09,759
Speaker 7: Reasons we were one of the elements with you, and

818
00:42:09,800 --> 00:42:12,640
Speaker 7: you were the major element of turning this thing around

819
00:42:13,320 --> 00:42:16,600
Speaker 7: because we focus on going after the illegitimate regime every

820
00:42:16,680 --> 00:42:19,160
Speaker 7: day and able to get a rally point like they're

821
00:42:19,200 --> 00:42:22,960
Speaker 7: trying to do right now over on the left and

822
00:42:23,040 --> 00:42:25,359
Speaker 7: all I'm hearing all my phone's been blown up. People

823
00:42:25,360 --> 00:42:27,239
Speaker 7: tell me how they come up with lawsuits. They're trying

824
00:42:27,239 --> 00:42:29,879
Speaker 7: to slow everything down. They're trying to slow to get

825
00:42:29,880 --> 00:42:31,759
Speaker 7: through the one hundred days in the six months and

826
00:42:31,760 --> 00:42:35,680
Speaker 7: then basically try to entangle President Trump and everything. This

827
00:42:35,760 --> 00:42:38,680
Speaker 7: is why we don't need to entangle ourselves in more things.

828
00:42:40,000 --> 00:42:42,560
Speaker 7: The list of stuff we have is monumental. It will

829
00:42:42,600 --> 00:42:45,520
Speaker 7: return America to its greatness. But you have to rank

830
00:42:45,640 --> 00:42:49,840
Speaker 7: order those of what we have to do and the

831
00:42:50,120 --> 00:42:53,160
Speaker 7: you know, as much as it's positive and things are positive.

832
00:42:53,160 --> 00:42:55,920
Speaker 7: When you look at Galvan these others, it's about forty

833
00:42:55,960 --> 00:42:59,160
Speaker 7: eight or forty nine percent approval, it's about forty seven

834
00:42:59,280 --> 00:43:03,480
Speaker 7: cent had disapproval. Now I know in grocery breakout, and

835
00:43:03,480 --> 00:43:04,640
Speaker 7: I would say, actually.

836
00:43:04,360 --> 00:43:05,719
Speaker 2: Is think could be in the mid fifties.

837
00:43:05,880 --> 00:43:09,120
Speaker 7: But even that, given what you're trying to accomplish, which

838
00:43:09,160 --> 00:43:14,120
Speaker 7: is huge, is amazingly you know important.

839
00:43:14,719 --> 00:43:19,160
Speaker 2: Patriot Mobile. Make sure I'm in. I'm in. I'm in.

840
00:43:21,640 --> 00:43:23,759
Speaker 7: On the twenty eighth, Friday night, the twenty eighth and

841
00:43:23,840 --> 00:43:26,320
Speaker 7: Tarrant County. If we can get that up post it

842
00:43:26,440 --> 00:43:28,520
Speaker 7: is gonna be with me. So I'm gonna give a

843
00:43:28,520 --> 00:43:31,840
Speaker 7: major address down there to the Tarrant County Republican Party

844
00:43:32,080 --> 00:43:37,160
Speaker 7: Patriot Mobiles. Putting it on Patriot Mobile. Your Christian values

845
00:43:37,400 --> 00:43:39,840
Speaker 7: backed up every day by Glenn Storying. The team just

846
00:43:39,880 --> 00:43:43,719
Speaker 7: absolutely amazing. So I'll be down there on Friday. We're

847
00:43:43,719 --> 00:43:46,880
Speaker 7: probably doing the show from around down in the Dallas

848
00:43:46,920 --> 00:43:49,960
Speaker 7: Fort Worth area. We'll figure it out and get notification

849
00:43:50,239 --> 00:43:53,560
Speaker 7: to you about what we do. Also at Sea Pack,

850
00:43:54,440 --> 00:43:57,760
Speaker 7: We're gonna be at Sea Pack in very special.

851
00:43:57,800 --> 00:43:59,800
Speaker 2: I think we're working on some special accommodations.

852
00:43:59,800 --> 00:44:01,840
Speaker 7: Give in the size of the show and the amount

853
00:44:01,880 --> 00:44:04,279
Speaker 7: of people were bringing sea packed at work. Put in

854
00:44:04,480 --> 00:44:06,719
Speaker 7: a war room, you get a twenty, you get a

855
00:44:06,760 --> 00:44:09,960
Speaker 7: huge discount. Tickets are seventy six bucks, essentially giving them

856
00:44:09,960 --> 00:44:12,400
Speaker 7: away to the war and posse because they want another

857
00:44:12,440 --> 00:44:14,000
Speaker 7: huge turnout of the couple of thousand that.

858
00:44:13,960 --> 00:44:15,680
Speaker 2: We we brought last year.

859
00:44:16,239 --> 00:44:21,280
Speaker 7: So pretty amazing. Also, Patriot Mobile in birch Gold, Birch Gold,

860
00:44:21,680 --> 00:44:23,680
Speaker 7: make sure you go and get all the access to

861
00:44:23,680 --> 00:44:26,080
Speaker 7: the information. They got a great thing invest investing in

862
00:44:26,160 --> 00:44:30,080
Speaker 7: gold during the age of Trump second term. Read it

863
00:44:30,160 --> 00:44:32,000
Speaker 7: understand then talk to Philip Patrick and the team.

864
00:44:32,719 --> 00:44:35,200
Speaker 2: Professor. Yeah you've been you've been chomping the bit here.

865
00:44:35,320 --> 00:44:37,879
Speaker 10: Yeah, yeah, you got the Cameron. You got the chart

866
00:44:37,880 --> 00:44:41,320
Speaker 10: with the equations up at the top. This is wonky.

867
00:44:41,360 --> 00:44:42,480
Speaker 10: I'm not gonna make it wonky.

868
00:44:42,520 --> 00:44:44,320
Speaker 2: This is wonky. This is beyond walking.

869
00:44:44,440 --> 00:44:45,359
Speaker 8: This is right here.

870
00:44:45,360 --> 00:44:47,800
Speaker 2: You don't get this at Harvard Business School. My brain

871
00:44:47,960 --> 00:44:49,000
Speaker 2: is frozen.

872
00:44:49,080 --> 00:44:52,520
Speaker 8: That's the problem. Right, here's the fundamentals.

873
00:44:52,560 --> 00:44:55,960
Speaker 10: There's three things that this is the solo Nobel Prize

874
00:44:55,960 --> 00:44:59,920
Speaker 10: winning economic growth model solo fifty years ago. Three things

875
00:45:00,080 --> 00:45:03,920
Speaker 10: that equation cost growth, capital stock. The capital stock in

876
00:45:04,040 --> 00:45:06,640
Speaker 10: China right now is one hundred trillion. In the US

877
00:45:06,680 --> 00:45:09,480
Speaker 10: of A, it's only seventy trillion. So I hate to

878
00:45:09,520 --> 00:45:12,000
Speaker 10: be a downer. We're doing great things right now. Elon

879
00:45:12,120 --> 00:45:15,680
Speaker 10: Trump everything, that's just to stop the dumpster fire, right

880
00:45:15,719 --> 00:45:19,600
Speaker 10: they're just stopping the bleeding. They're stopping the Marxist Leninist

881
00:45:19,719 --> 00:45:21,080
Speaker 10: overtake of this country.

882
00:45:21,400 --> 00:45:22,640
Speaker 8: But to rebuild.

883
00:45:22,800 --> 00:45:25,719
Speaker 10: If you don't rebuild your capital stock, and we haven't

884
00:45:25,760 --> 00:45:28,200
Speaker 10: even started, Trump's putting all the right moves in place

885
00:45:28,239 --> 00:45:32,120
Speaker 10: for that to occur. Three things in that equation capital stock,

886
00:45:32,239 --> 00:45:35,160
Speaker 10: human capital. The literacy rate in downtown Chicago for the

887
00:45:35,160 --> 00:45:37,919
Speaker 10: poor kids is twelve percent of the kids can read

888
00:45:38,040 --> 00:45:40,360
Speaker 10: in the third grade. You tell me how that's the

889
00:45:40,360 --> 00:45:43,239
Speaker 10: American citizen first that the liberals care about. And third

890
00:45:43,280 --> 00:45:46,800
Speaker 10: is technological growth. So he's got the techno brothers on board.

891
00:45:47,320 --> 00:45:49,600
Speaker 10: But we'll see if they can put policies in place

892
00:45:49,640 --> 00:45:53,800
Speaker 10: that help the middle class. Next chart, Denver, I just

893
00:45:53,840 --> 00:45:55,480
Speaker 10: want to bring this one up. I'm giving this talk

894
00:45:55,480 --> 00:45:59,279
Speaker 10: at the Atlantic Council in a couple hours with some

895
00:45:59,320 --> 00:46:00,560
Speaker 10: of our friends from Ukraine.

896
00:46:00,680 --> 00:46:06,120
Speaker 7: Holy Stop, Tara buzz Shield, the Atlantic cancels the window.

897
00:46:06,640 --> 00:46:07,320
Speaker 8: I'm gonna convert.

898
00:46:07,400 --> 00:46:10,480
Speaker 7: You're there is a populous nation. Yeah, that's the biggest

899
00:46:10,480 --> 00:46:13,520
Speaker 7: globalist run. Okay, yes, I'm going full on. Look at

900
00:46:13,520 --> 00:46:16,600
Speaker 7: this chart. You can go back to nineteen eighty one, Denver.

901
00:46:16,800 --> 00:46:19,359
Speaker 10: There's India and China, the big red balls making two

902
00:46:19,400 --> 00:46:23,640
Speaker 10: thousand dollars a year in nineteen eighty I.

903
00:46:23,640 --> 00:46:25,880
Speaker 8: See all those yellow balls to the far right, the

904
00:46:26,000 --> 00:46:28,080
Speaker 8: rich ones. The further to the right, you are the

905
00:46:28,160 --> 00:46:28,520
Speaker 8: rich era.

906
00:46:28,680 --> 00:46:32,120
Speaker 10: All those yellow balls are what's known as Protestant Christian

907
00:46:32,239 --> 00:46:35,800
Speaker 10: countries in Western Europe. The free market system, all of

908
00:46:35,920 --> 00:46:38,520
Speaker 10: humanity made five hundred dollars a year for all the

909
00:46:38,600 --> 00:46:41,960
Speaker 10: human history until we chose it's a social choice, the

910
00:46:42,000 --> 00:46:46,120
Speaker 10: free market system. This does not go against anything in

911
00:46:46,160 --> 00:46:49,200
Speaker 10: the Trump agenda. He's trying to get back to a

912
00:46:49,360 --> 00:46:53,040
Speaker 10: level playing field where the globalists and the European elites.

913
00:46:53,440 --> 00:46:57,440
Speaker 10: In Canada's Trudeau and Mexics, Mexican criminal class.

914
00:46:57,520 --> 00:46:58,120
Speaker 8: Not the people.

915
00:46:58,200 --> 00:47:02,160
Speaker 10: We love, all the people everywhere, but the elitists have

916
00:47:02,239 --> 00:47:06,040
Speaker 10: been ripping off the United States forever. Canada's spending on

917
00:47:06,160 --> 00:47:09,720
Speaker 10: defense is one point four percent. It should be four percent,

918
00:47:09,800 --> 00:47:12,640
Speaker 10: And they're lecturing us what I want to point out

919
00:47:12,680 --> 00:47:15,080
Speaker 10: on that graph right there, those Christian countries. This is

920
00:47:15,080 --> 00:47:19,200
Speaker 10: by Bradford DeLong, top economist at Berkeley. I don't think

921
00:47:19,239 --> 00:47:23,160
Speaker 10: he's a Presbyterian. The probability of the Christian countries growing

922
00:47:23,280 --> 00:47:26,919
Speaker 10: like that is one in ten thousand. There's a one

923
00:47:26,960 --> 00:47:29,960
Speaker 10: in ten thousand chance that all those Christian countries grew

924
00:47:30,040 --> 00:47:34,880
Speaker 10: the fastest in the world at random. It didn't happen

925
00:47:34,920 --> 00:47:38,880
Speaker 10: that way. Our most recent Nobel Prize and Economics went

926
00:47:38,920 --> 00:47:42,759
Speaker 10: for the outstanding contribution that private property rights and the

927
00:47:42,800 --> 00:47:45,520
Speaker 10: rule of law is helpful to economic growth.

928
00:47:45,680 --> 00:47:50,400
Speaker 8: No kidding. So is the Christian religion. So is a morality.

929
00:47:50,480 --> 00:47:52,520
Speaker 2: But this is our founders news. I agreef for them.

930
00:47:52,520 --> 00:47:55,080
Speaker 7: But this is the underpinings of the Judeo Christian West.

931
00:47:56,320 --> 00:47:58,319
Speaker 7: Those ethics and those values.

932
00:47:58,120 --> 00:47:58,879
Speaker 8: Yeah, that's right.

933
00:47:59,040 --> 00:48:04,400
Speaker 7: And and the work ethic. Uh, the husbanding of resources,

934
00:48:04,760 --> 00:48:08,040
Speaker 7: the stewardship, all of it Old Testament and New Testament

935
00:48:08,080 --> 00:48:10,960
Speaker 7: combined all led led to the underpinnings of that.

936
00:48:10,760 --> 00:48:12,719
Speaker 2: That make these successful societies.

937
00:48:12,840 --> 00:48:15,600
Speaker 8: Correct, and you can copy the cookbook. Japan did.

938
00:48:16,080 --> 00:48:18,520
Speaker 10: But then MIDI that their manufacturing got too tight with

939
00:48:18,520 --> 00:48:20,640
Speaker 10: the government and they had lost decade or two, like,

940
00:48:20,680 --> 00:48:21,719
Speaker 10: we're about ready to have.

941
00:48:22,320 --> 00:48:23,560
Speaker 2: And what do you mean by that?

942
00:48:23,719 --> 00:48:25,759
Speaker 10: Well, our culture is fading too. We're going to these

943
00:48:25,760 --> 00:48:26,439
Speaker 10: techno bruh.

944
00:48:26,719 --> 00:48:28,480
Speaker 2: I thought we're heading to a new golden age.

945
00:48:28,600 --> 00:48:31,200
Speaker 7: President Trump tells me that we're gonna get that story

946
00:48:31,239 --> 00:48:33,920
Speaker 7: the next Okay, the right stuff, what's the right stuff

947
00:48:33,960 --> 00:48:34,439
Speaker 7: mean to you?

948
00:48:34,719 --> 00:48:37,520
Speaker 10: Right stuff is did Judeo Christian West and everything that

949
00:48:37,560 --> 00:48:38,080
Speaker 10: goes with it.

950
00:48:38,680 --> 00:48:41,520
Speaker 7: That it's indefinable. But you know it when you see it,

951
00:48:42,520 --> 00:48:45,440
Speaker 7: and I see it in Dave Brett. Brett, when are

952
00:48:45,440 --> 00:48:48,359
Speaker 7: you going into treasuring and get a real job. Don't

953
00:48:48,360 --> 00:48:49,600
Speaker 7: go to the Alonement, don't.

954
00:48:49,400 --> 00:48:54,160
Speaker 8: Go the Invisible Hand. It's gonna happen something short break.

955
00:48:54,840 --> 00:48:59,200
Speaker 7: Jim Rickins joins us next in the war room.