Episode 4078： Mainstream Meltdown Over MAGA Trump Cabinet; Taking Over The Treasury
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Summary
On today's show, we discuss the latest in the search for a new US Treasury Secretary, Scott Besson, and whether or not he's a good fit for the job. We also discuss what it means for the future of the Office of Management Budget (OMB).
Transcript
00:00:00.000
Are you implying that the Fed and the Treasury are working to basically put more, infuse more liquidity into the system to help Biden in his re-election?
00:00:11.540
I'm making two different, or I am seeing the shades of gray.
00:00:22.220
In an editorial or a piece I wrote two years ago, I called her, three years ago, I called her one of America's great public servants.
00:00:31.760
In my letter yesterday, I called her a political apparatchik.
00:00:37.420
And she has crossed the Rubicon and is clearly on a political mission.
00:00:45.480
Because all week long, it's been who's going to be Donald Trump's Treasury Secretary.
00:00:49.620
And even though there are many, many outlandish or unqualified picks, Scott Besson is a super qualified guy.
00:00:57.460
Now, a week ago, when the battle was between Howard Lutnick and Scott Besson, Lutnick's camp was trying to crush Besson because he once worked for George Soros.
00:01:05.900
But the absurdity of that is, if you actually want someone, and I'm not saying you should, but if you want someone from the investment community,
00:01:13.240
anybody who's a true baller has either worked for Soros, Julian Robertson, or Michael Milken.
00:01:18.160
And that's where we are. So the argument that he was once with Soros is silly.
00:01:21.540
But I want to ask you, Scott Besson is unlikely to buy in to the mega tariffs and the plans that Donald Trump wants.
00:01:30.260
And what we need is a Treasury Secretary who's going to create stability.
0.65
00:01:35.900
Well, we don't really know yet because Besson, like other people in the Trump camp, has talked out of both sides of their mouth on tariffs.
00:01:42.900
On the one side, they say, look, America used to be funded with tariffs.
00:01:48.000
Alexander Hamilton was a tariff guy, so we're going to get funding from tariffs.
00:01:51.740
On the other hand, they talk about it as a negotiation tool.
00:01:58.600
In other words, we're going to spend based upon this revenue.
00:02:01.180
If it's a negotiation tool, in other words, we can get rid of it if somebody else is going to lower their tariffs and will create free trade.
00:02:09.740
On the other side, I would point out that Stephen Mnuchin, the President Trump's Treasury Secretary, did what was extremely prudent during COVID.
00:02:21.080
You know, he left office on January 19th, January 20th, 2021.
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There was $1.6 trillion in that account because of the COVID crisis.
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You know, again, this is a buffer that Treasury Secretary and the Federal Reserve Chair are risk management positions.
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Are you willing to risk the credibility, the liquidity of the U.S. government to get your president reelected?
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There can be very, very different Treasury Secretaries.
00:03:01.120
Some end up being a pillar in the administration that end up advising the president, having a center of power on their own.
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Others end up just simply doing the bidding of the president.
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First of all, we don't know what the policy is that could be asked to defend.
00:03:20.600
When you talk about telegenic or not telegenic, I wonder about whether or not this person in that position is going to be somebody who is going to stop or foster the president from taking extra constitutional measures.
00:03:39.100
He had certain people in his first administration who stopped that from happening.
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And when you talk about normal, I think, Donnie, what you may mean is that somebody who can stop the president from deploying the military against American civilians.
00:03:55.060
People should understand that outside the chief of staff, the second most important job in the American government is the director of office of management budget.
00:04:01.620
That coordinates all of federal spending, every program.
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It's a quite complicated but very important job.
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We've all been told, right, that Francis Collins and Tony Fauci are you can't get to them, that no control over them, no management of them.
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They're like lords of the manor up there in Capitol Hill and nobody crosses them.
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Russ, what happened during your time at OMB with this part of the medical administrative state in our government?
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As I saw at National Institute for Health that you could not get them to do reforms.
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If you propose reforms to them, they would go straight to the Hill and say this is not something that we're willing to accept.
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They wouldn't send things to the Office of Management and Budget so that we couldn't do the job that we're supposed to do for a president to make sure that anything that they're going to do in an agency aligns with what the president actually believes.
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This is what the administration, administrative state is.
00:05:08.520
And he's going to be right there at OMB to execute that plan.
00:05:14.340
Now, Donald Trump tapped former NFL player Scott Turner to lead the Department of Housing and Urban Development.
00:05:20.860
Turner is a leader at the America First Policy Institute, a group that, like Project 2025, has been planning for months to overhaul the federal government in a second Trump term.
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The president-elect named far-right conspiracy theorist Sebastian Gorka to a key national security role.
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And a five-contributor as his surgeon general pick.
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Rounding out the list, Trump will nominate Scott Bessett, a billionaire hedge fund executive and top campaign fundraiser, to be his treasury secretary.
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Back in the days when, I don't know, journalists sort of mattered, right?
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When you say that, that is the greatest gift to Steve Bannon, who wants to destroy all journalists.
00:06:06.860
The point I would make is accurate, but I'll let you finish something.
00:06:09.420
When we were to get a hint or a whiff of a conflict, it would blow up into a very big deal.
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But I just don't know where and how it matters anymore.
00:06:29.640
Because people care about, are there problems being solved?
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If my bread costs less, and I'm not worried about immigration, and I don't feel quite as
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bad, they don't even know what a conflict of interest is.
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Here's the time I got a free shot at all these networks lying about the people.
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I know you've tried to do everything in the world to stop that, but you're not going to
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And where do people like that go to share the big lie?
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I wish in my soul, I wish that any of these people had a conscience.
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Ask yourself, what is my task and what is my purpose?
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If that answer is to save my country, this country will be saved.
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It's Saturday, 23 November in the year of our Lord, 2024.
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I've got to give a hat tip to the production staff here.
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Because we don't know how much longer we're going to have them.
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I think they may step in and actually help save this country by going into the administration.
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That's one of the best, if not the best, cold open I've ever seen.
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Kind of going down through the years, starting back in February of 2021 with the Russ vote,
00:08:02.680
who came on here to walk through everything related to the pandemic and what President
00:08:06.860
Trump had done and, of course, what Biden was doing and the blockage they got with Tony
00:08:11.500
Had Scott Besson's first appearance, I think it was January of 2024.
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I'm going to play different parts that we're going to talk about what's important here.
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Stephanie Ruhl, if we can get ready to replay that.
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I start my day after doing my early, early pre-dawn, you know, routine and then catching
00:08:39.080
I start my day with Mika and I end my day with Stephanie Ruhl.
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So, Stephanie, don't worry about, you know, going to give.
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And, you know, you're a hater, although with a small H, not a capital H like Mika.
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But, you know, and we're kind of sad that MSNBC is getting spun off and we're sad that
00:09:18.480
And I actually think that Stephanie may one day, what I would recommend strongly, strongly,
00:09:27.920
You know, President Trump, Gates and President Trump kind of went separate ways for a while.
00:09:44.680
The show's ratings will skyrocket because Stephanie Ruhl is a former investment banker.
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00:09:51.200
You have to have, and to take on the administrative state and the deep state, and to basically get
00:10:01.880
You need, every administration, you've got to have fire breathers and you have to have
00:10:07.740
You've got to have some people that are just, the stability, organized, going to do it.
00:10:15.140
But you also need those that bring the heat, like a Pete Hegseth, like a Matt Gates, like
00:10:22.640
a Christy Noem, like an RFK Jr., like a Tulsi Gabbard, just to pick some random names.
00:10:29.600
Because the way the government works in the cabinet positions, the cabinet positions, you're
00:10:36.180
essentially helping craft the direction of the government in the direction of President
00:10:41.380
Trump's second term in Trumpism in the age of Trump, because this is where we are.
00:10:46.300
But mainly those jobs are jobs where you're trying to communicate.
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You're trying to communicate to the American people.
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You're trying to connect with media and global media.
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You're trying to connect with foreign leaders geostrategically so they understand the direction
00:11:18.000
It's all from Marshall McLuhan, a professor at Washington University out in St. Louis, who
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became the genius of kind of modern communications theory back in the 1950s with the rise of television
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The first two real mass communication apparatus that we had that changed the direction of the
00:11:40.480
So he's McLuhan-esque in that he knows in modernity, in the modern world, so much of
00:11:49.960
And it is connecting with, and particularly in a democratic form of government or in a constitutional
00:11:56.640
republic that, you know, goes forward with democracy, which is 50% plus one vote, right?
00:12:05.300
Kind of winner take all, that you have to communicate.
00:12:08.560
And you have to be able to communicate and drive the narrative with your ideas.
00:12:13.320
And then you follow them up with the execution of those ideas.
00:12:20.060
In this, in the government, and I said that back when Russ first came on here in February
00:12:31.140
Had, he was the deputy with, he had been around and been, I think, chief of staff, I've
00:12:36.700
So he, I met him when he was Mulvaney's deputy at OMB.
00:12:44.420
And OMB was so important to me because as a young naval officer, I came out of the fleet,
00:12:50.780
out of the Pacific fleet, the 7th fleet, off my ship.
00:12:54.940
We were in the, I guess, the North Arabian Sea and Persian Gulf towards the end during
00:13:12.160
We're going to go out with, we're going to go out with Nicole McGrady, who graced us
00:13:18.720
She came to the Dan Floyd's book open the other day and took some tremendous photographs
00:13:26.860
I came back and I came back as a special assistant to the chief of naval operations over in the Pentagon.
00:13:32.980
I showed up, went to President Reagan's inauguration and then showed up for work the next day.
00:13:38.320
It became very evident to me as a young man because the Reagan administration started and
00:13:44.640
they had a young guy named David Stockman in a job called OMB that nobody understood what
00:13:51.740
I think it came up, I think it was a job created, I think in the 60s or 70s.
00:13:55.680
David Stockman essentially ran the government, became the most important guy initially in the
00:14:04.020
Office of Management budget coordinates everything.
00:14:07.480
And President Trump has announced a, quite frankly, a quite serious team of executives to
00:14:15.080
basically get the finances of this country set and unlock the economic powerhouse that
00:14:21.120
we are, the entrepreneurial economic powerhouse that we are.
00:14:25.040
Office of Management budget, Russ Vogt will return.
00:14:29.800
He was President Trump's OMB director for, I think, the last two years of the administration,
00:14:35.340
Scott Besson is now, is going to be, I think, the 79th Secretary of Treasury, filing in a long
00:14:43.140
Also, Sebastian, Dr. Gorka, frequent contributor on the show, we used to carve out a time every
00:14:52.600
He is Deputy National Security Director for Counterterrorism, where Seb has worked for decades
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Time is running out to prepare for what's coming.
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All week long, it's been who's going to be Donald Trump's Treasury Secretary.
00:16:15.020
And even though there are many, many outlandish or unqualified picks, Scott Besson is a super
00:16:22.620
Now, a week ago, when the battle was between Howard Ludnick and Scott Besson, Ludnick's
00:16:27.100
camp was trying to crush Besson because he once worked for George Soros.
00:16:30.780
But the absurdity of that is, if you actually want someone, and I'm not saying you should,
00:16:35.220
but if you want someone from the investment community, anybody who's a true baller has
00:16:40.320
either worked for Soros, Julian Robertson, or Michael Milken.
00:16:44.100
So the argument that he was once with Soros is silly.
00:16:46.300
But I want to ask you, Scott Besson is unlikely to buy in to the mega tariffs and the plans
00:16:55.420
And what we need is a Treasury Secretary who's going to create stability.
0.65
00:17:01.020
Well, we don't really know yet because Besson, like other people in the Trump camp, has talked
00:17:08.060
On the one side, they say, look, America used to be funded with tariffs.
00:17:13.160
Alexander Hamilton was a tariff guy, so we're going to get funding from tariffs.
00:17:16.880
On the other hand, they talk about it as a negotiation tool.
00:17:23.760
In other words, we're going to spend based upon this revenue.
00:17:26.280
If it's a negotiation tool, in other words, we can get rid of it if somebody else is going
00:17:30.620
to lower their tariffs and will create free trade.
00:17:34.560
Well, I mean, it's the scene in, what's his day, but Bueller's Day Off.
00:17:41.200
Like, you know, anybody, anybody, did this tariff help?
00:17:44.240
It pushed us further into a recession or a depression.
00:17:47.340
Yes, but Trump, he loves it on the campaign trail because for people who don't know how
00:17:51.860
it works, you know, it goes back to the America first, made in America.
00:17:55.120
And the question will be, does he really do it?
00:17:57.060
Remember the move, Young Frankenstein, Abbey Normal?
00:18:03.280
And to your point earlier, the thing about him that maybe separated him from Rowan and
00:18:06.940
the other guy is that he was the most loyal of the bunch.
00:18:10.480
So that seems to be the thread that's kind of pulling everybody together.
00:18:13.920
I don't know how he is telegenically because that's the other thread.
00:18:16.320
If you look at just about every one of his other picks.
00:18:18.340
Now, Treasury is not out in front as much as some of the other types of picks, but it'll
00:18:24.260
Okay, if you go to Getter, I think I put up, if you pull that, that the critical path here
00:18:36.300
So the government runs out of money on the 20th of December.
00:18:40.200
And there's two schools of thought up, I think, right now.
00:18:44.580
They're looking to kick it into the first part of the Trump, the first, the kicking in the
00:18:56.160
So President Trump, OMB, Treasury, all of it, all his cabinet heads have it working with
00:19:04.320
They're also talking about maybe slipping in an omnibus.
00:19:08.040
Now, this city, everybody's gone, everybody's left and kind of gone for Thanksgiving, the
00:19:14.520
There are some people working in the transition folks are working.
00:19:18.440
But unless they're doing behind the scenes, and they could well be doing it behind the
00:19:22.720
scenes because there is a school of thought that, and when you hear people say, oh, we
00:19:26.500
want to clear the decks for President Trump, that's Washington talk for we want to get
00:19:33.860
We want to make sure the lobbyists get paid the last time before Trump comes in with more
00:19:40.860
So let's assume for purposes of this discussion that it gets kicked into the first 100 days
00:19:48.700
So you got to do a budget and you have to worry about what that budget is going to be deficit
00:19:53.720
because there's going to be a tax number that's around, I don't know, four and a half
00:19:58.340
or five trillion, and the spending now looks like, and I think under Biden, is six, six
00:20:03.760
So you have a gap of one to one and a half trillion dollars.
00:20:08.400
So that's January, December 20th, we run out of money and something has to be done, either
00:20:16.020
On 2 January, actually technically the way the edit said it was in the first 10 days of
00:20:21.100
Trump's administration, technically I believe, and I think this number is correct, that the
00:20:26.520
McCarthy deal runs out essentially on the day after, the first day back from the Christmas
00:20:34.780
holidays, I think it's January 2nd or January 3rd, that we hit the debt ceiling.
00:20:39.020
Now the Secretary of Treasury, which at the time will still be Janet Yellen, can manage,
00:20:46.100
In fact, where I first met Russ Vogt, or really shouldn't say met Russ Vogt, but spent time
00:20:50.580
with Russ Vogt, was in May and June of 2017, when we knew that we were going to hit the
00:20:58.740
debt ceiling and have to come up with a new budget on September 30th, we were thinking
00:21:04.360
Russ Vogt's the first guy that kind of broke down, I talked to him and he came down and
00:21:07.560
broke down what we call the waterfall, because cash is coming in on tax receipts, on tariffs,
00:21:13.000
on fees, on revenues all the time throughout the year.
00:21:15.600
Obviously, there's some big payment times, I guess, around April 15th and other times
00:21:19.880
where you get a ton of cash, but cash comes in the entire time.
00:21:24.040
And to make sure you don't default on government securities, right, you got to pay the interest
00:21:30.460
and sometimes you have to, these things roll over, you have to pay the short-term notes
00:21:41.980
Or a company that's getting close and getting some financial problems.
00:21:48.000
And Russ walked through the mechanics of how, hey, this is the waterfall, this is how cash
00:21:53.220
And we kind of worked out a plan that you can go a pretty long time.
00:21:59.440
Now, the government's out of actual money to spend on the 20th.
00:22:03.820
I think that CR will get kicked into the Trump administration.
00:22:08.580
But you're going to have cash coming in and you can manage that for a while.
00:22:13.080
You know, back when President Trump, I think, hit the debt ceiling under Mnuchin,
00:22:16.020
I think they went three or four months at least.
00:22:23.780
And, of course, that's part of in this transition when we say you have landing teams
00:22:32.700
This is one of the things I think the landing team, and I assume once they get these technical
00:22:37.340
details worked out about transition, which I understand I don't think are totally worked
00:22:43.500
The meetings between this and between Treasury, I think in that handoff, because remember,
00:22:49.680
You've got to relieve the watch on January 20th in the relieving the watch process.
00:22:57.780
That will be a big one for Treasury, obviously.
00:23:00.800
And then you've got to deal with the debt ceiling.
00:23:04.460
You're going to have a – because you've got a debt ceiling and then all of a sudden
00:23:07.280
you're going to pass a budget that somehow is going to have at least a trillion dollar
00:23:13.180
Kobayashi just pointed out that we've added over $2 trillion just in the last 12 months.
00:23:21.360
His tweet the other day laid out it was $2 trillion, and we're on a path at one time
00:23:26.720
of a trillion dollars every 100 days, if you stretch it out.
00:23:32.000
Point is, you're going to have at least another trillion dollars added to the national debt.
00:23:36.780
Now, there was also a report yesterday – oh, it was up on the great Citizens Free Press.
00:23:43.120
And, of course, that's one of the things we go to.
00:23:48.140
If you start with Morning Mika, you've got to keep your eye on Citizens Free Press and
00:23:51.860
Breitbart and Revolver and, you know, the Gateway Pundit, all the great sites that we have,
00:23:58.120
The projection is you could hit $50 trillion at the end of these four years.
00:24:09.300
Now, I have not done the back-of-the-envelope math to verify that, but we're on an unsustainable
00:24:15.800
And this is what President Trump's walking into.
00:24:17.900
Now, on top of all that, and I think this is April 15th, the tax year when taxes have
00:24:22.840
to be paid, I believe on April 15th or thereabouts, you basically have the reversion of the tax
00:24:33.700
cuts, the Trump tax cuts, that were the fundamental bedrock of the Trump economy.
00:24:40.620
And when people vote, and when people are in the ballot bar, and they did the exit polls,
00:24:47.540
so many working class and middle class people said, hey, I'd like to go back to the economy
00:24:51.740
of 18 and 19, where we had low inflation, we had low interest rates, you had full employment,
00:25:00.940
because I think unemployment was under 3%, or around 3%.
00:25:04.620
You had African-American and Hispanic employment were all-time highs.
00:25:08.420
You had wages for unskilled workers rising at record rates.
00:25:14.940
I think you had, definitely for the first time in history, blue-collar worker rates, wages
00:25:19.980
rising faster than white-collar, non-college graduates higher than college graduates, but
00:25:24.940
college graduates and white-collar were rising also.
00:25:28.460
It's kind of, and what people never give them credit for, Janet Yellen, who was the chairman
00:25:34.460
of the Federal Reserve, was actually taking liquidity out of the market.
00:25:38.540
Remember, we talk about the balance sheet of the Federal Reserve after 2008.
00:25:41.840
They put all this debt on just to force liquidity cash into the system to save the system.
00:25:48.160
It's up to, I think, $8 trillion, and they may have taken it down to $6.5 or $7 trillion now.
00:25:53.980
But Janet Yellen, at the time, President Trump inherited $3.5 trillion, I think it was $3.5 trillion
00:26:01.240
on the Fed's balance sheet that Obama had used and Geithner had used and Bernanke had used,
00:26:08.460
his team had used to infuse the system with cash to avoid a meltdown, a financial collapse.
00:26:15.760
Yellen, in Trump's second and third year, starting the first year, started doing what you call
00:26:24.660
quantitative tightening. She was taking liquidity out of the system. They took almost a trillion
00:26:29.760
dollars of liquidity. That's a headwind. That's a headwind. And you do that so you can start to
00:26:35.300
deflate, so you don't have asset inflation. You don't have some sort of bubble. You try to take the
00:26:41.040
air out of the balloon slowly. And this was President Trump's economic plan. That was all
00:26:48.640
laid in in the first days of 2017, really 2016. The same time we're talking about now for the
00:26:54.400
second term was when the economic plan and the tax cuts and the deregulation were all kind of laid in.
00:27:01.940
And that was the predicate that was laid in in 2017 because it takes a while to kick in. It kicked in
00:27:08.140
the second half of 18 all through 19. And so by Christmas of 19, you were like a house of fire
00:27:14.240
on an economy. And then the pandemic hit, right? The pandemic hit. President Trump was heading
00:27:22.000
towards a roaring reelection in the fall of 2019 because of where the economy was. World peace
00:27:29.080
in an economy that was on fire. Okay. Philip Patrick's going to be with us later. We're going to
00:27:34.500
talk about a lot of these topics. Birchgold.com slash Bannon. End of the dollar empire. Understand
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the dollar. That's why I call it. Welcome to Thunderdome. These fights are going to have over
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Check it out. Or Bannon at 989-898-TEX. Short break. Back in the warm in a moment.
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You owe back taxes, right? Here's the question. Why is the IRS targeting you and not millionaires
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00:29:43.300
Okay. If you look at the getter post, I then call it Welcome to Thunderdome because
00:29:48.740
I gave this speech a year ago in Pinehurst to the Cleta Mitchell had me down and my kid sister
00:29:57.880
let me down for the Republican club there. In the whole speech was the convergence of two
00:30:03.520
things that are going to happen upon President Trump assuming his second term. Yes, called shot
00:30:08.980
back in November of 23, like from the very beginning. We knew President Trump was going
00:30:14.580
to return. He said, hey, here's what's going to happen. You're going to have this financial
00:30:18.860
and economic crisis that's been building and they're exacerbating it. Also, you should know,
00:30:22.800
and I'll have more details next week, but they're playing all kind of games right now.
00:30:28.900
All kind of, and these are deeply serious games with the system to try to chop block Trump.
00:30:35.780
Biden and the administrative state and the deep state, absolutely, Biden, let's set that
00:30:41.160
side, it's kind of irrelevant, him. The administrative and deep state, because they're the enemy here,
00:30:45.640
they are absolutely bound and determined to make sure that President Trump, one, can't govern, and two,
00:30:52.500
his second term is a failure. So when they're sitting up there saying, oh, we have to have unity in one
00:30:57.200
America, it's all crap. It's a bald-faced lie. And you can tell on three, at least three major
00:31:02.980
components. Number one, what they're trying to do at the southern border to still get as many people
00:31:07.460
through here as possible and cause even more chaos. Okay, number one, including even a nap.
00:31:12.360
Number two is what they're doing financially. They're playing all kind of games right now with
00:31:18.420
America's debt and what's going on. And that's all going to be sorted out. We'll be able to give
00:31:22.680
you more details about that. But stand by that of what they're doing and playing games right now
00:31:27.880
to make sure that President Trump hits the wall right of the box, what I call Thunderdome, right of
00:31:33.980
the box in his second term. And number three is this metastasizing and quite frankly, incredibly
00:31:41.080
dangerous, incredibly dangerous, what they're doing in Ukraine. And of course, the International
0.99
00:31:47.600
Criminal Court has indicted Bibi and I think his war minister, minister of defense also. What's
00:31:57.100
happening in this Ukraine is as scary as it gets because now you have a place where conflict
00:32:04.640
has run rampant in the 20th century. They call that part of Ukraine and Belarus and Russia,
00:32:13.780
that kind of area down by Stalingrad and Kursk with Belarus right there in Ukraine in that part
00:32:19.820
of Eastern Europe all the way running up to Poland. It's called The Bloodlands. There's an amazing book
00:32:25.660
that kind of goes through this. It's called The Bloodlands. And it's just not World War II. It started
00:32:30.040
well before that. It started really with the Bolsheviks and their revolution. And then the
0.53
00:32:37.680
starvation of five million, the murder essentially by starvation of five million Ukrainians by the
00:32:44.700
Bolsheviks in the 1930s. Okay. By starvation in an act of conscious. Over there in the blood
00:32:53.120
lands. And hey, when that place spins out of control, it can spin hard. It's spinning out of
00:33:00.760
control now, egged on by Biden. So those three, those three lines of work, the integrity of the
00:33:06.620
southern border, which they've already obviously initiated and exacerbated an evasion. It's one of
00:33:10.620
the reasons they got tossed by some of the reasons the Rio Grande Valley and South Texas is now MAGA
00:33:16.560
from being blue and then purple. It's now MAGA because those folks are American citizens. They
00:33:23.160
say, hey, we'd like to have a little protection down here. You got all this, what's happening on
00:33:28.780
the balance sheet and this debt. When you're at, you're at 36 trillion and you're adding it like
00:33:33.460
you're adding it and interest is over a trillion dollars and you got over a trillion dollar defense
00:33:37.700
budget to support the American empire. The scale of this called the law of large numbers,
00:33:43.960
right? You can get whipsawed. You can get whipsawed. And just the ability to take corrective
00:33:50.620
action doesn't happen overnight. Just to work its way through the system takes a while. Not simply to
00:33:56.200
make the decisions, make sure the decisions go through the system, but it's like turning an
00:34:00.160
aircraft carrier around. I was on a destroyer. A destroyer is like a sports car. You put the,
00:34:04.020
you put the rudder over, boom, put an engine back. You can pivot like a, you can't do that
00:34:09.080
aircraft carrier. The American economy, the American capital markets and the whole thing
00:34:15.560
at the Fed and the treasury, that's an aircraft carrier. You put the rudder over hard to like,
00:34:21.800
we got to make a course change. It takes a while to kick in. Just does. And then you have this
00:34:27.620
geopolitical situation on the, on the, um, in the Eurasian landmass. That's that side.
00:34:36.600
I've got Thayer coming up because two other very important things. Thayer's coming up. I'm trying
00:34:41.980
to get Dr. Thayer on here for a few minutes at the, um, at the top of the hour. I haven't had time
00:34:48.440
really to drill down on, on a lot of it. We've been accumulating, talking to people behind the scenes,
00:34:53.260
but down at APEC in, uh, in, I think it was Peru, right? Peru with this, uh, with this,
00:34:59.960
this regional meeting that Biden went to was she, she lays out the four red lines
00:35:06.600
that the Americans must agree to. If we're, if we're to have joint co-prosperity to pull a term
00:35:14.620
from world war two or the lead up to world war two, the Japanese called Asia, the co-prosperity
00:35:21.380
sphere before they ran the tables in 1941 to try to control it all. The Chinese are laying at the
1.00
00:35:28.720
same thing for us to be kind of partners in developing the world together. You have to
00:35:32.920
agree to the four things. One of them is Taiwan and that it's a, it's a region. It's a province
00:35:38.740
of China, which means they really have control essentially of the advanced chip design. And
00:35:44.180
we're just going to have to live with it. They won't do a military invasion, but we have
00:35:47.720
to agree that it's just a province, not an independent country. Okay. Number one, number
00:35:52.000
two, and this is the tell and the ticking time bomb. It's the reason we had the new federal
00:35:56.940
state guys run the reasons I was a co-founder of the new federal state of China that Lao
00:36:01.300
Beijing, all this talk of democracy and all this talk of freedom and all this talk of self-determination
00:36:06.200
has to stop inside the Chinese Communist Party. The thing that they fear and they're spending
00:36:11.960
all their time on is the thing called legitimacy. They understand that the United States
00:36:15.580
essentially handed the country after backing, um, the Kuomintang, right? And Chiang Kai-shek
0.93
00:36:22.740
after the war, the war didn't end in China until the civil war played in 1949. And whoop,
00:36:29.300
right out of the box, they said, they said the Korean war, which is all because of the
00:36:34.640
Chinese because we finally ended up fighting the Chinese military. So I would argue that,
0.84
00:36:38.980
Hey, the Korean war is just the tail end of the fighting in World War II. When you really
00:36:43.100
look at it, we handed it over to the Chinese, to the Chinese communists in 1949. Yes, we
00:36:49.800
did. And a guy named Senator McCarthy called him out and laid it out on the Senate floor
00:36:54.280
and General Marshall quit 90 days later. That's called a scout. And of course, the Chinese
1.00
00:37:00.320
people revolted in 1989, the same time the Russian people revolted in Tiananmen Square
00:37:05.720
happened in June of 1989. And six months later, the Berlin wall came down. Nobody ever makes
00:37:10.900
that connection ever. Why do we make it here? Because wait for it, the Russian people in the
00:37:17.300
Chinese people, I'm talking about the everyday Russian peasant surf person there that fought in
00:37:23.780
the trenches of World War II, exactly with Lao Ba Jing, the common man in China have been our allies
00:37:28.720
and are our allies. Their countries are not our allies because they're run by gangsters.
00:37:35.620
Gangsters that quite frankly, we installed. Yes, yes, yes. In 1989, when it was all about the fall
00:37:41.860
in Tiananmen Square and they had these riots all over the bush since Scowcroft 30 days after and said,
00:37:46.900
yo, if you chill here and quit running tanks over, you know, tank man, we can cut a deal and let you
00:37:53.680
in the, you know, because we can let you in the World Trade Organization. We can give you most
00:37:57.800
favored nation status and Wall Street, these wolves on Wall Street to start shipping all these jobs
00:38:02.400
over here because you can pay slave wages. And we like slave wages because we have higher gross
0.95
00:38:08.720
margins. Right? Pretty simple. That means we're going to make more money. And we're going to screw
00:38:16.480
the Lao Ba Jing of America, the common man, and we're going to screw the Lao Ba Jing of China because
1.00
00:38:21.500
they're going to be slaves. But hey, tough break for some swell guys and gals. So right now,
00:38:26.480
they don't want that democracy. That's the key. You want to get peace and prosperity in the world?
00:38:32.440
Support Lao Ba Jing from overthrowing these, these dictators. And they're worse than Hitler.
00:38:39.400
So you can't ever say anybody's worse than Hitler. Well, hey, the Chinese Communist Party's killed a
0.61
00:38:43.620
couple hundred million of Chinese. Let me repeat that. As much as they did in Korea and some of the
0.98
00:38:49.720
backing they did in Vietnam, although that was mostly the Russians, they've killed a couple hundred
0.99
00:38:56.560
million of their own people, starved them to death. You know, the Great Leap Forward, the Cultural
0.95
00:39:01.280
Revolution, just starving. Mao was sat there all the time to say, let's get some nuclear weapons. Hey,
00:39:06.140
if they kill a couple hundred million of our people, we'll recreate. Not a problem. Got less
0.99
00:39:13.340
So geopolitically, geostrategically, and with the balance sheet of our country, 2025 is 2024 has been,
00:39:24.980
but 2025 is going to roll in to be one of the most important years in the history of our nation.
00:39:31.020
Because there, the cavalry's finally arrived. Donald Trump is the John Wayne of this. Look at the old
00:39:39.040
John Ford movies. You know, Ford Apache, She Wore a Yellow Ribbon, Rio Grande, the three, the
00:39:45.500
cavalry trilogy. It's John Wayne. Well, that's Donald Trump. I'd actually argue the searchers. He's
00:39:53.620
John Wayne. He's Ethan. It was an Ethan Allen. Not Ethan Allen. Ethan. He's, he's the John Wayne
00:40:02.380
Carrick. The cavalry finally came for the homesteaders. Right? They're under siege.
00:40:10.560
But they're playing games all the time. And that's why these financial announcements of these people
00:40:15.580
with the team around Pam Bondi at the attorney general and the White House counsel's office.
00:40:23.220
And hey, here at the war room, we're going to have to read the show's going to stay the same for you
00:40:28.440
guys at home. But we're going to have to revamp. We know that. Why? A ton of our contributors, people
00:40:32.400
come in here all the time. They're giving you great information. They're going to go in the Trump
00:40:35.500
administration as they should. I tell everybody, hey, run to the sound of the guns. Right now,
00:40:41.300
President Trump needs support. There's plenty of work to do and plenty of billets. There's 4,000.
00:40:47.700
Saddle up. Get up there and support him. Because man, there's a lot of work doing and not a lot of time
00:40:52.240
to get it done. You have to move with urgency. We probably got a year to get stuff done.
00:40:55.480
Probably. A year. Ride to the sound of the guns. Get down there. Get a job. Get to Washington. Get
00:41:02.620
in and do it. And with our production team, too. But we'll be fine. We'll figure it out.
00:41:09.900
Hell, we figured it out. The guys did such a magnificent, men and women here did such a
00:41:13.480
magnificent job during my four months in a federal prison. Didn't miss a beat. Well, now they're
00:41:21.620
back and said, I'll commit to them. I'll be next man up. How about that? We won't miss
00:41:25.840
a beat here. But this is deadly serious. And we pride ourselves on covering this in a serious
00:41:33.420
way. We're not going to chase shiny toys. We're not going to chase shiny ponies.
00:41:40.860
This country hangs in the balance. And don't think that they're sitting there just clapping
00:41:46.540
of President Trump. Why are we talking about the unitary theory of the executive? Write
00:41:51.000
this down. We're in posse. This is nomenclature. Unitary theory of the executive. And you've
00:41:57.500
got all kinds of things that are going to fall off that. This whole thing about the executive
00:42:01.400
can actually put with the House, can put the Senate into recess. Or the impoundment issue.
00:42:07.660
Stay tuned for Russ Vogt and maybe, I don't know, a random guy like a Mark Paoletta, just
00:42:14.360
don't add a random name, over hammering on impoundment. And folks, I know this. They're
00:42:20.600
all on MSNBC saying, oh, they're going to go to, hey, let's roll. Let's go to the Supreme
00:42:25.440
Court. We got the Chevron exemption, deference overturned to take down the administrative state
00:42:32.180
brick by brick. Some of these are going to be challenged. I got it. I think they should
00:42:37.180
be challenged. We need some clarity. This is why it's so important to stop those judges
00:42:41.820
up there on the Hill in the Senate. I'm still not sure. I think we won. We definitely got
00:42:47.580
the four appellate judges that didn't get there. I'm not so sure I count it as a total victory.
00:42:52.380
I'm counting it as a mini victory. But this is where the fight's going to be. Fight's going
00:42:57.680
to be on money and power and geopolitics. You're going to get the woke stuff, all that. I'm not
00:43:02.040
saying those are shiny toys. They're not. And they're important. But that's not the main
00:43:06.940
thing. You got to get the D woke out and change what they tried to do as Bolsheviks to destroy
0.96
00:43:13.040
the customs and traditions. The four olds is what they call it in China. The CCP went after the four
00:43:20.740
olds, our traditions, our customs, all of that. You got to do that. But you got some other work
00:43:25.540
you got to get done or we're going to distinguish our crap sideways. Short break back in a moment.
00:43:29.940
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00:44:48.480
Welcome back. Ethan Edwards, the engine room tells me. I should have remembered that.
00:44:53.700
Ethan Edwards at the searchers. So those are, and Natalie and Mike Benz and Darren Beattie
00:45:03.600
are doing an amazing job talking about the resistance. So there's many different angles of attack
00:45:07.720
as they should. These people have a different philosophy about the country. They have a different
00:45:13.580
philosophy about the governance of the country. Hey, that's fine. It's called democracy.
00:45:17.560
democracy. We're ascendant and we're winning and they've abandoned their voting base. That's
00:45:24.740
where they're all up there every day. And you know what the word is now? Oh, we need more
00:45:27.800
populism. We need, well, hang on. How populous are you going to be when you got, you're controlled
00:45:33.780
by a bunch of left-wing billionaires and you have the credential class all up in the, you know,
00:45:39.120
all these people that get all these phony college degrees and they got to be, oh, they work at marketing
00:45:43.220
companies here and do this. You control the, the, the, the credential class, particularly
00:45:48.180
let's face it, low information, relatively low propensity. Taylor Swift crowd. Didn't work
00:45:55.140
out for you, did it? Nope. Nope. And you have abandoned your voting base because you're just
00:46:02.780
not that into economics and you're certainly not into economics where the working class,
00:46:07.560
the middle class, the people actually put their shoulders to the wheel every day, get a piece
0.92
00:46:11.420
of the action. Pretty simple, pretty basic. And oh yes, like ideas like the underpinnings
00:46:22.300
of the Judeo-Christian West, as far as our values go. And they like the idea of sovereignty
00:46:26.700
and territorial integrity and self-determination, the kinds of things you're shipping tens of
00:46:32.440
billions and hundreds of billions of dollars over Ukraine as a globalist to do. They'd like
00:46:36.240
that here in this Rio, the Rio Grande Valley. And as long as we deliver, and I think you see
00:46:41.020
President Trump putting a team together that will deliver on both security and border security
00:46:46.540
and making sure that some American citizens are taken care of first, not, not foreigners.
00:46:51.740
And they're certainly not people that have come to the country illegally.
00:46:54.500
And this is why it's not the people's fault either. Those folks, by and large, 99% is not their
00:47:01.040
fault. They're invited in. Of course, if you and I were in the same situation, we'd run after
00:47:05.380
El Norte. The people, and it's a crime, were the people that did it, initiated it, conceived
0.94
00:47:12.740
it, initiated it, and exacerbated it. That's a crime. That's a crime. And that has to be
00:47:20.260
investigated. And look, just because Pam Bondi doesn't come at you and in your face like a
1.00
00:47:28.360
Matt Gaetz, don't think she's not tough enough. And the team around her tough enough. And the
00:47:32.740
team coming out of the White House Counsel's Office is tough enough to pursue where it needs
00:47:36.780
to be pursued. There's no retribution here. But there has to be accountability. There has
00:47:41.980
to be accountability. Big piece in the New York Times, they say, hey, the legal whole thing
00:47:46.200
on Democrats are all based on legal strategy. Put Trump in prison. Put the people around
00:47:50.340
him in prison. Put Bannon in prison. How'd that work out for you? How'd send him in prison?
00:47:55.340
Did that work out fine, Nancy? Yeah, did that work out good? How good did that work out?
00:48:01.340
Trying to put President Trump in prison, how'd that work out for you? Navarro, did that work
00:48:05.520
out well? We won. You lost. Okay? And not only lost. You lost and got blamed for the losing.
00:48:12.180
Got blamed for it. And now you're a pariah on your side of the football.
00:48:19.120
And President Trump comes in here and is trying to, with all this resistance of all these NGOs
00:48:25.840
and outside groups and all this and the administrative state, and that's what the unitary theory of
00:48:31.300
the executive is. It's to say within the executive branch, we have to get something straight and
00:48:35.400
we got to get it straight up front. The Constitution's got three jobs. The guy called the president,
00:48:42.180
is elected to do. He's the chief executive officer of the government. He's commander in chief
00:48:50.120
of the armed forces. The military services report to civilian control, who the people elect.
00:48:57.880
And he's the chief magistrate and the chief law enforcement officer of the United States
00:49:02.840
government. They have not wanted to admit to that since Nixon and Watergate, where they
00:49:08.800
basically hoved off the Justice Department to be their own deal. Because they understood
00:49:16.480
how powerful they had it when they had Kennedy. They had Bobby and Jack. They couldn't go back
00:49:20.340
to that, but they're going to do it their own way. Take it away from the executive and make
00:49:23.660
it a permanent part, a permanent center. Because everything that's come through justice, make
00:49:28.520
it a permanent center of power. We're breaking that. That is the purpose of this exercise.
00:49:33.560
And yes, Weissman and all you guys, you can whine and you can cry and throw your toys out
00:49:37.800
of the pram. That is going to happen because we have hammers, right? Whether that hammer
00:49:43.760
is Todd Blanch or Emil Bovee or the administrative guys or pay a letter over at OMB or Bill McGinley,
00:49:49.960
the White House Council Office, and hundreds and hundreds of more that are coming in and understand
00:49:55.400
what the administrative state is, how you've had a fourth branch of government to essentially
00:50:00.020
enslave, destroy and enslave the American people. This is how you did it. And it's being
0.98
00:50:05.520
broken up. And President Trump is that blunt force instrument that is leaving blunt force
00:50:13.340
trauma on you. And this, we're just the top of the first inning. Heck, I haven't even gotten
00:50:19.060
to the good stuff yet. But these people, they have a different philosophy. They control, they've
00:50:24.540
built an empire and they control that empire. We're kind of the rebel forces or the outlaw
00:50:29.580
forces to do this against the dark star. Hey, and the odds are long still, folks, of whether
00:50:35.100
it can actually be done or not because they still have their grip on the levers of power
00:50:40.340
and the levers of money. So don't think this thing's far from certain. That's what I'll
00:50:44.680
tell everybody. If you want to help out, clearly on the outside, the Warren Posse and others,
00:50:49.820
all these great groups have been outside. But if you got a hankering to help out, there's
00:50:56.120
plenty of jobs. And President Trump needs support, going to need support. Because remember,
00:51:02.520
there's two and a half million employees, civilian employees, bureaucrats, a couple of
00:51:07.180
million in the military, four or five million contractors at levels of kind of mayor and
00:51:11.960
general expertise of what consultants do. I added up that there's tens of me, there's
00:51:16.240
10 million. Other people say there's tens of me. I think it's about 10 million, but that's
00:51:20.180
a lot of folks controlled by 4,000 political appointees, 3,000. President Trump, hopefully
00:51:28.060
with Sergio Gore and the team down there doing such a great job, as many as a thousand or
00:51:33.680
more hit the beach on the afternoon, the 20th of January. I will continue this in the second
00:51:42.240
hour. We've got a lot to do. Philip Patrick's going to join us. Hopefully, Bradley Thayer,
00:51:44.880
maybe Matt Schlapper, but it's going down in Brazil. Going to get a lot to it. Birchgold.com.
00:51:49.900
Philip will be here in the second hour. Make sure you go check out today, particularly the
00:51:54.600
401ks and IRAs, everything you do tax-deferred or tax-free. Also, our good friends down at,
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and this is one of the biggest stories of the day. The biggest story of the day was yesterday.
00:52:05.500
I think the board, the education board voting to put Christ back in the classroom in public
00:52:11.520
schools. Hello in Texas. Patriot Mobile. Those folks fighting the good fight down there,
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they believe in your values. Stop giving your money to people that hate you. Go to PatriotMobile.com
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slash Bannon right now. See what the services they provide for your mobile phone. Back then,
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