On today's show, I sit down with my good friend and long-time supporter Matt Gaetz to discuss the current state of the country and the future of the Republican Party under President Trump. We talk about how important it is to have the President on your side in order to win in 2020 and beyond.
00:03:31.200Give us advice and then give us your consent.
00:03:35.960The great Matt Gaetz, we should never allow that to happen.
00:03:40.800That's one of the greatest young warriors in our movement.
00:03:45.980It's one of the greatest young warriors in this country.
00:03:48.800It's unacceptable, unacceptable that we let pencil necks that have destroyed this country like Mitch McConnell tell us who's going to be the Attorney General of the United States.
00:12:43.780I think they feel that it was, he was dehydrated because he'd been drinking coffee all day before his turn last night.
00:12:50.780So, I know the video looks really, looks bad, but Alex is okay.
00:12:55.300Of course, he almost took out, if Jack Posobiec had been sitting in his chair, of course, Jack Posobiec, you know, Jack's the official greeter.
00:13:02.860So, Jack's walking around working the tables, working the tables.
00:13:06.900The, Alex, when the podium came down, it hit an empty chair, although it almost took out the future ambassador, Dr. Monica Crowley, and, of course, Jack's lovely wife, Tanya.
00:13:21.860So, but we were able to avoid a catastrophe.
00:13:25.540I want to break down this speech last night.
00:13:27.560It's already starting to go viral about President Trump in 2028, about Eric Adams as Q Anon, as a couple of three other things.
00:16:41.120There is the creators are the folks you're seeing named to the economic jobs, the energy jobs, the AI jobs, where they feel like they can juice economic growth, try to keep jobless rates low.
00:16:53.500And that keep the stock market soaring.
00:16:55.900If he does that, he feels like he'll have a very successful presidency.
00:16:59.720He'd be popular and he'd get sort of what he wants out of the White House.
00:17:04.140But at the same time, all the people you talked about earlier, all these people who are up for cabinet jobs that are controversial, they would fall into that destroyer category.
00:17:14.220And those are people that are brought in specifically because of their loyalty, partly to do retribution, partly to gut the very agency that they're being put in charge of.
00:17:24.380And I think that's the reason you have such jarring moments with Trump.
00:17:27.600I think you're going to see these wild swings between the two of them.
00:17:31.200You know, tying all of your stories together today, think about that drones in the sky, right?
00:17:36.180Like, just right now, you have a ton of people sitting on X who think that it's UFOs or think that it's the Iranians are ready to wage war on America.
00:17:46.020You've got others paying no attention to it.
00:17:48.380You have the president-elect saying maybe we should just shoot them down.
00:17:52.580Then you talk about Hegset, that defense secretary, worrying about a woke military or worrying about trans in the military.
00:18:00.420Really, the biggest topic, and you have smarter people on the set today than me on this, that the military needs to worry about, that the next defense secretary has to worry about, is drones, or it's related to drones.
00:18:11.560It's how do you move as quickly as possible to a type of warfare that's waged in space with satellites, with drones, with new technologies, less dependent on boots on the ground,
00:18:24.480much more dependent on getting the best and the brightest in the government to figure out how do we take this advantage that we have over China, meaning we created AI.
00:18:34.320We have a big lead over them on ships and a lot of the thinking that goes into AI.
00:18:39.260How do we take that and make sure that our military is even more dominant in the next generation?
00:18:44.260So when you get bogged down in these small ball little things, you lose sight of the big picture where we do have an enormous advantage going in.
00:18:55.680The lead story over at Axios today is called Creators vs. Destroyers, and it talks about the two types of basic folks in the Trump cabinet from a policy perspective.
00:19:05.440It leads with Scott Besson and the economic team and Governor Doug Burgum on energy economics, who's in the White House and the economic side.
00:19:14.820And it talks about the destroyers, those people.
00:19:17.300And I think with Jim, the one thing, if I might add, he doesn't quite delineate this very important.
00:19:23.540It's like they're in conflict with each other.
00:19:25.080They're not in conflict with each other.
00:19:27.560Remember, in a capitalist system, you have what's called creative destruction.
00:19:32.940Creative destruction is just part of the process.
00:19:36.940A capitalist society is rejuvenating themselves.
00:19:39.200I've talked a lot about or somewhat of Thomas Kuhn, who wrote this book called The Structure of Scientific Revolutions back, I think it was in the 70s.
00:19:48.960It became a very big – because it laid out the concept or the construct of scientific revolutions and paradigms and paradigm shifts, what you have to do,
00:19:58.420what happens in the lead-up of information and knowledge and the build-up to actually have an old paradigm like the Earth is the center of the universe to a new paradigm that the sun is the center of the solar system.
00:20:14.460And so you're seeing a paradigm shift as we speak.
00:20:18.300This is why the rise of populist nationalism, this is a whole different nomenclature than the Republican Party.
00:20:23.940You saw the surrender flag go up by Mitt Romney.
00:20:27.460What shocks me about Mitt Romney is, yo, dude, you were the presidential nominee in 2012.
00:22:16.920And right now they're dangerous because they're just as clueless.
00:22:21.720But as we head into this kind of – what I saw, this convergence of the Third World War, right, the invasion on the southern border and how you deal with the deportations.
00:22:34.600And the centerpiece, which is this financial firestorm we're about to go into.
00:22:42.800Zero Hedge, again, this morning has another incredible story called Falling Off a Cliff.
00:22:46.580It's about the employment numbers, about, as we've talked about here for over a couple of years, about the real numbers coming out of Bureau of Labor Statistics and now how they reset months after the first number comes out.
00:22:59.040If you back out jobs from federal spending, either government jobs or what I call government-adjacent jobs, like come up in health care because of spending that's taking place in health care, and these come up.
00:23:09.720That's not real creative productivity.
00:23:12.240These are not jobs like manufacturing things, distributing things, even in the service economy, right?
00:23:20.020These are not coming up whole cloth from a productive economy.
00:23:24.720That's what the economy – and Dave Bratt – and Dave's going to try to join me at 6 o'clock tonight – continues to talk about the lack of productivity.
00:23:31.560So in the creators and the destroyers, Jim Vanderhay, what you call the destroyers part of it are really the people going in for the deconstruction of the administrative state.
00:23:44.620The producers, the creators, Jim – so, Jim, get your number two pencil out and write this down.
00:23:49.420We're going to take access and make you a little more sophisticated.
00:23:51.680The creators or the people on the more of the economic side, one of the things they have to get over and all the creativity in getting our growth rate up to, I don't know, three, three and a half, four percent.
00:24:05.220Scott Besson said his target is three.
00:24:07.560Hopefully may even be a little higher in real economic productivity, not government-infused from massive government spending.
00:24:15.100One of the things we have to do is – this is what Doge is about – you have to cut federal spending.
00:24:22.220As we sit here today, what I said in the speech last night, if you sit here today and look 400 days into the future, which is nothing – it's essentially what happened from the time this dinner went on last year where Gavin Wax actually talked to the president.
00:24:36.740I was at the table and said, hey, come to Bronx.
00:24:39.540Come to South Bronx, and we can get 10, 15, 20,000 people there that are your supporters.
00:24:44.200And people that are just coming to this movement, new people, right?
00:24:53.380It's essentially the first anniversary of President Trump's second term.
00:24:58.540The face amount of the national debt would be $40 trillion.
00:25:03.160The interest payments are going to be at $1.2 to $1.5 trillion.
00:25:07.820Not only is it not sustainable, it's the beginning of a death struggle in the United States.
00:25:13.020This is the existential threat, as bad as the CCP is, as bad as the issues with artificial intelligence, as bad as the invasion on the southern border.
00:25:21.620And let me go back a second to the three things that are converging.
00:25:24.320With the Third World War in Ukraine, in the Middle East, and let's say shortly in the South China Sea,
00:25:32.920President Trump, President Trump with his command presence, his knowledge, his ability to both bring people together and bang heads,
00:25:41.980we had peace in the Ukraine before when President Trump was here.
00:26:31.760Syria, they want American troops, American involvement, all of it.
00:26:34.100South China Sea, the Chinese are already starting to press in the Straits of Taiwan with much more military activity than they've ever had.
00:26:42.020But President Trump, those are all definable.
00:26:44.760And with President Trump giving his track record, cannot just handle that, but we'll get something done.
00:27:09.240Eric Adams gave a press conference on Friday, the sanctuary city's mayor, and said, hey, there are 500,000 kids that are supposed to be here in custody in the U.S.
00:32:18.700Then how that money actually gets into the government and how it's managed programmatically,
00:32:22.740because you have tens of thousands of programs from the Department of Labor to the Health and Human Services to the Pentagon
00:32:29.240that have to be executed on over there and kind of managed,
00:32:33.300but somebody has to kind of be back at the White House, at the executive branch, at their level,
00:32:37.720to kind of make sure they're advising the president of how this money actually gets spent
00:32:42.960and where we are programmatically on actually meeting what the executive branch has told Congress during the appropriations process.
00:32:52.500This is why a guy named David Stockman, remember David Stockman, Reagan,
00:32:56.360nobody knew what Office of Management and Budget was,
00:32:58.220and then Stockman became like the key guy in the first years of the Reagan administration.
00:33:04.500Russ Vogt was a central member of President Trump's team in delivering from the tax cuts and the things we did in 17.
00:33:12.840They came to fruition in 18 and really 19.
00:33:17.520Russ Vogt is kind of the internal manager of that.
00:33:20.480When you talk about deconstruction in the administrative state or you talk about deregulation
00:33:24.260or what Vivek and Elon have been talking about on Doge of really taking this thing apart and cutting costs and efficiencies,
00:33:31.900and they're talking about $2 trillion, I don't know, annually, maybe over some time period.
00:33:37.960It's Office of Management and Budget will do that.
00:33:40.240Well, as I said the other day, all of a sudden the NDAA, that's the National Defense Authorization Act,
00:33:45.900became the biggest thing in Washington, D.C.
00:33:47.560It had to be done, it had to be done, it had to be done.
00:33:50.480You could have very simply kicked it into next year.
00:33:52.900Yeah, we're taking a little technical issue to do, but it would have been quite simple.
00:33:57.100If you have President Trump get his hands on it.
00:33:58.980No, the reason they did it is because the National Defense Authorization Act doesn't allocate the money per program.
00:34:05.820That comes actually in the appropriations process as it's set up in the rules of Congress and kind of laid out by the Constitution.
00:34:15.280The Constitution, all revenue generation and spending have to originate, really originate from the House of Representatives.
00:34:21.460That's why the House is built like on the House of Commons.
00:34:24.380And that's why the House is, I voice it, is where the action is.
00:34:26.920The Senate is essentially the Human Resources Department, which I mean by that, the confirmation, advice and consent provision of the Constitution,
00:34:35.140also for doing treaties and big things like that where you need two-thirds of the senators to come together.
00:34:40.680They replicate a lot of things in the House, but it's really the House that drives the action.
00:34:47.380That's a top line that's set for this coming year.
00:34:49.800Remember, the first two months of the fiscal year, that was October and November, always remember the fiscal year for the government goes from 1 October to 30 September.
00:35:11.080Right now, we are bleeding cash like nobody's business.
00:35:14.440And quite frankly, people can't figure out why those are all-time record months because the Biden regime, you think that they're giving you little information on the drones over New Jersey?
00:35:48.120Now they say, oh, they're searching for nuclear waste or nuclear fumes or radiation coming out of there.
00:35:53.780Nobody knows because nobody's coming forward and saying, hey, this is over American airspace, right, American airspace, and this is what's happening.
00:36:01.340If you think you're getting little information from there because every day you've got a sheriff, I'm going to shoot that drone down, right, with his own drone.
00:36:08.160It's going to be drone wars over New Jersey.
00:36:10.780If you think you're getting little information about that, we're getting almost no information about the federal budget, and this is existential.
00:36:19.480The invasion of our country, because President Trump is going to stop it, build a wall and secure the wall and work with Mexico to stop it in Central American countries, the issue there is how you deport people.
00:36:31.260And there's a study out today, oh, if you deport these people, it's going to lead to a Great Depression.
00:36:34.720You're going to see so much fear-mongering that.
00:36:39.500And you have people like Tom Holman and Stephen Miller and others up there.
00:36:42.860These people are hammers, and they're very smart, and they have huge teams they're putting together right now to make sure you do it and do it in an efficient way.
00:36:48.600The Third World War, the kinetic part of it, because we're in it, folks.
00:36:53.340From the time, and you guys have been with us, some have just been with us for a couple of years.
00:36:56.900Remember, on Ukraine, I said exactly what was going to happen in Ukraine.
00:37:14.940President Trump will do something in the Middle East to make sure we do a stand down there, I hope, without having to bomb the Persians, because then he can get in the room, but it's going to be a little tougher, right?
00:37:26.880Those are definable issues that you can have some sort of at least control over.
00:37:34.680Right now, because of the law of large numbers, this debt situation is spinning out of control.
00:41:53.960The problem is the people that should know better either are too dumb to realize the existential threat of this debt and this spending, or they know it and they're part of the problem.
00:42:09.300The NDAA last week, they all had to do, and only 16 House Republicans voted against it.
00:42:15.160They all had, the NDAA had to get done, had to get done.
00:42:17.440That is to block Elon Musk and Vivek Ramaswamy.
00:42:22.240Now, everything comes off that $900 billion.
00:42:24.560And I would respectfully submit, as someone who considers himself a hawk and dedicated, I don't know, seven and a half or eight years of my young life in defense of this country.
00:42:35.700And my daughter has committed a big part of her life, I think.
00:42:38.700I want to warn you of a huge change that could be coming to our money in our bank accounts.
00:42:43.620First, think back to 9-11, shortly after the government pushed through the Patriot Act.
00:42:48.480This gave the government power to spy on innocent Americans by monitoring our phone and email and tracking our movement across the Internet.
00:42:56.820Now, Jim Rickards, editor of the independent financial newsletter Strategic Intelligence and New York Times bestselling author,
00:43:03.900is warning about a coming event that could elevate this governmental surveillance to a terrifying new level.
00:43:09.660In fact, some of the guests I've had on The War Room believe that the government will soon expand their powers to track our every move.
00:43:17.580If we say the wrong things on social media, donate to the wrong causes, buy firearms, or even vote MAGA,
00:43:24.480the government may be able to shut us out of our bank accounts.
00:43:28.460I can't say for sure if this will happen, but it's an interesting and dire warning.
00:43:33.880Fortunately, Jim Rickards, an American patriot and friend of mine, has made it his mission to educate us on what he believes is coming
00:43:40.720and how to protect yourself from the possibility of programmable money.
00:43:46.520Watch Jim's warning video now before it's censored like I've been in the past.
00:44:00.720So if you go back, if you, I'll wait for my cue next time.
00:44:09.240If you go back, if you go back, remember, I don't know, it must have been a year ago, year and a half ago.
00:44:15.700At my advanced stage, all kinds of blends together, right, folks?
00:44:18.420If you go back to, remember Liz Truss?
00:44:20.000She was, she had Winston Churchill's job, I think for 90 days, three or four months.
00:44:26.000She put together a kind of a rejuvenation plan for the British economy.
00:44:30.740And what she went back and did, she kind of went back to kind of Reagan-type, you know, pure supply side, big tax cuts, deregulation.
00:44:39.280She presented this with no numbers, no math.
00:44:42.540And said, this is what I'm going to do.
00:44:44.540And the bond market over in England, and England's economy is about $2 trillion.
00:44:50.400I think they have debt of about $2 trillion, which is scary, because the debt, when debt gets to the level of your overall GDP, that's called the line of no return.
00:44:59.860Basically, no economy in world history has ever recovered for that.
00:45:05.700And you might add, well, Steve, where are we?
00:45:08.980We're at about, I don't know, 120%, depending on how you calculate.
00:45:11.900You see all this phony number as well.
00:45:24.280So Liz Truss, she and her brilliant minister of finance, our chancellor of the exchequer, as they say in the city of London, wouldn't put forward any numbers.
00:45:34.520Wouldn't show people, well, how does this work, man?
00:45:36.560You're doing all these cuts down front, but you've got these budget deficits, and we're not a huge country, and we're not the prime reserve currency, so people don't have to take the pound.
00:46:11.880As Nigel Farage told me, he says, Steve, the bond market has taken out more governments than howitzers.
00:46:19.000You see this all the time for developing nations, right?
00:46:21.320And England right now is kind of, their economy is kind of outside the city, outside of London proper, is kind of a third-world country in many regards.
00:46:32.480What President Trump and Scott Bess and that team are going to have to show, because it's the bond.
00:46:37.960We finance this through bond markets, and what we don't finance, we print ourselves.
00:46:42.700You're going to have to make a case that your cuts have growth.
00:46:47.760So number one, this is with the energy, you know, the 333, 3% interest rates, I think, 3% deficits, deficits to GDP, and 3 million barrels a day.
00:47:02.040So you get your energy set, and then you build upon that.
00:47:06.600When Scott Bess and talks about 3%, we're at about, I don't know, 6.5% now, something north of 6%, like 7%.
00:47:13.040The government of France, for the first time since 1962, got turfed out about 10 days ago, right before President Trump went over to Notre Dame, where he walked in like Charlemagne.
00:47:31.060They had 6% also of budget deficit to GDP, which is not sustainable.
00:47:35.940So to get down to their 3%, which is marginally sustainable, they had to have cuts.
00:47:43.180And where did the government's first proposed cuts come from?
00:47:46.640Well, if you said the French working class and middle class, you would be correct.
00:47:49.960They said, we're going to cut here, we're going to cut medical, we're going to cut the health care, boom, boom, boom, boom, boom, we're going to cut here.
00:47:55.960And Marine Le Pen and Front National, our National Assembly, kind of came out and said, no, no, no, no, no, no, no, no.
00:48:01.360We have an alternative, and what you're going to do is stop sending money to Brussels, we're going to forget this quasi-French empire we got, no more money to the Middle East, no more money to Sub-Saharan Africa, no more money to North Africa.
00:48:42.340Number one, grow the economy with this plan.
00:48:44.400And President Trump showed us he could grow it in 18 and 19, which was fantastic.
00:48:48.400Remember, back then with taking a trillion dollars off the balance sheet of the Federal Reserve to put a big headwind in for liquidity, President Trump, I think, had 3.5% growth.
00:48:59.800All those great things happening with blue-collar workers on wage increases, no debt.
00:49:05.200And this is why, quite frankly, when blacks and Hispanics and working-class whites look back and go, hey, I've heard all the happy talk of Biden.
00:49:31.880Joe Biden and a bunch of people like Mitt Romney and Mitch McConnell allowed $11 trillion, $9 trillion, $10, $11 trillion onto the balance sheet of the United States of America.
00:50:51.320And this is why they don't want to admit it.
00:50:53.740This revolution is going to come from the street.
00:50:55.560Ours is a peaceful revolution driven by populist nationalist voters.
00:51:02.240If you want the alternative, folks, look at what the left did.
00:51:06.360They gunned a man down in cold blood and shot him in the back, just like Robert Ford shot Wild Bill Hickok, one of the greatest, worst events in American West.
00:51:16.140A coward walked in and shot a man point blank range in the back.
00:51:20.320That's what happened in midtown Manhattan, the streets of New York.
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