Episode 4246： Cleaning Out The Corruption In The Plumbing Of Government
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Summary
In this episode, Rachel and Rachel talk about the Democratic response to President Trump's confirmation of Betsy Devaney as the new attorney general nominee. They also discuss the new Democratic leadership in the House, and what they should be doing to fight back against the Trump administration.
Transcript
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Blumenthal today on Capitol Hill telling reporters essentially that Democrats are ready to make
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Republicans work for it. As Senator Blumenthal's office told us just this hour, Democrats know
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they can't unilaterally stop Trump's nominees from getting confirmed in the Senate, but
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they do plan to make Republicans work as hard as possible for it. They can make Republicans
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use up as much valuable floor time as possible on each and every nominee, and that's what
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they plan to do. Slow the whole thing down as much as they are capable of. Now, that
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is along the lines of the advice that's been coming from one of the driving forces behind
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some of the protests you've already seen this week. Ezra Levin of Indivisible says Democrats
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should look back to the Republican playbook from 2009, just after Barack Obama was elected
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with a Democratic trifecta. When Republicans were in the minority and Democrats controlled
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the House and the Senate and the White House, he says, think what you will about Mitch McConnell
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on the Republicans' plan. That was a very effective legislative tactic from a party that found
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itself in the minority. What are you watching for in their actions that you think might really
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make a difference? It sounds good, Rachel, and I will say I think we are in a much better
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place right now with Senate Democratic leadership and the Senate Democratic Caucus than we were
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a week ago. That said, today, today, 22 Democrats voted for another Trump secretary.
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Twenty-two of them. So I like to hear from Senator Blumenthal. I like to hear from other senators
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that they are starting to agree to blanket opposition. I want to see the votes. I want
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to see the votes. And until we see those votes, I think what they're going to be hearing from
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their constituents is a demand that they fight back.
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Hakeem Jeffries, the Democratic leader in the House, I was interested. He put out last night,
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I think it was last night, it might have been yesterday afternoon, a 10-point plan for all
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Democratic members of the House. And it had a lot of different things that they're going to try to do
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and ways they're going to brief each other and communicate on things. But the last thing was,
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essentially, I command you, as Democratic leader of the House, to go to your home constituents,
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to hold town hall meetings, and to hold other events with constituents and people who are in
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your district about what is going on right now. And I want you to do it, he said, literally,
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today. And if you cannot do it today, you need to do it this week. And we will be surveying every
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Democratic member of the House to see whether or not they do this. Now, as we have seen Democratic
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members, including in Virginia last night, start to do these town halls, they're packed to the
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rafters. People are desperate to be able to hear from one another and also to be able to,
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in many cases, yell at their member to do more. But the energy palpably seems like it is there,
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Ezra, if members of Congress and senators are going to essentially follow their leadership's
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advice, hold these kind of events, and hear from the people who voted them into office.
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I love this move. I love this move from Leader Jeffries. I think this is a very good move. What I
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would encourage every single Democrat on the House side to do is use that convenient power that you
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have. People are going to show up. If you build it, people will come. If you are out in this country
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and worried about what's going on, you've got to show up to these means. And one big benefit of
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Jeffries calling for Democrats to do this is, you know who isn't holding public town halls to explain
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exactly what's going on in the Treasury Department, to explain exactly what was going on with the OMB
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funding freeze that attacked Meals on Wheels and Head Start? You know who's not explaining that?
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Republican members of Congress. They are embarrassed by it. So what a great opportunity
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to create contrast with the Republicans and say, look, we are here. We are listening to our
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constituents. And what our role is, people around the country are worried, show up. Show up not just
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by yourself, but get a group together. Get indivisible members or working families party members or
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MUBOM members or whoever are your friends and family members and community. Get them together
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and show up in person. That demonstrates to your elected officials that you actually care about this.
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Cash Patel is yet to come up for a vote. But today, just before we went on air, Pam, Pam Bondi
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was confirmed as attorney general. It was a party line vote. All Republicans voting for all Democrats
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voting against, with the exception of John Fetterman of Pennsylvania, who voted for her. Do you have any
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confidence at all that she will uphold the rule of law at Maine Justice?
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I don't, unfortunately, because there's a lot to admire and like about her until you get to areas
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that are what you might call Trump sensitive. And she showed in the hearings that when she got to a
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Trump sensitive area, it was like a plane flying into the Bermuda Triangle and all the navs and comms
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went haywire. And, you know, you just couldn't get a straight answer out of her. And then when you flew
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back out of Trump sensitive areas, she went back to normal again. So when she's that frightened of
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Trump and that subservient to Trump, that she goes haywire when it's a Trump sensitive area,
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it's a really bad sign about being able to restrain truly dangerous people like Cash Patel.
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This is the primal scream of a dying regime. Pray for our enemies, because we're going medieval on
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these people. Here's one time I got a free shot at all these networks lying about the people. The
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people have had a belly full of it. I know you don't like hearing that. I know you've tried to do
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everything in the world to stop that, but you're not going to stop it. It's going to happen.
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And where do people like that go to share the big line? MAGA Media. I wish in my soul, I wish
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that any of these people had a conscience. 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 Wednesday, 5 February in the year of our Lord, 2022. Dave Bratt joins me riding shotgun today.
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Our own Natalie Winters is going to be all over today, and we're going to have her back at 5 o'clock.
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Is she up right now? Because I know she's got a bolt. Natalie Winters. So the resistance,
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Natalie, it's coming from many different areas. People should understand they're going to slow
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everything down in the Senate to a crawl. They have to do this because now groups that you've
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identified, like Indivisible, Indivisible is trying to do the playbook that War Room did in January of
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2021. They have to have a rally point. They don't have a rally point right now, just like we didn't
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have a rally point. Everybody on this side surrendered or crushed. Go back to 2021. Remember how bad it was
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when President Trump went to Mar-a-Lago? You need a rally point. They have selected Indivisible to do
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this. You can tell. And the Indivisible people are not dumb. Okay? They're not dumb. They've
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identified McConnell's playbook from 2009 in the first years of Obama. For you guys who are not
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there, McConnell did what I call a great rear guard action to try to slow down as much as possible.
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Natalie, you've seen this. You're also saying, hey, we told you, they're flooding the zone with
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lawsuits everywhere. They're going to try to use the courts and go into these liberal
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areas. And they're really going to come off everything Doge is doing to try to get to the
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plumbing and get the plumbing right. And there may be some issues in that on data mining and AI. We'll
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get to that later. But just even the Doge efforts, in particular, they're freaked out because two
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things. Number one, we're getting rid of the FBI guys. You see how that's working. Number two,
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we're taking out USAID, which is a railhead of money for them to do all this nefarious activity,
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everything from shutting down conservative media, to funding the invasion of the southern border,
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to being a CIA cutout, doing things in Ukraine. USAID is the scab that's got to be picked.
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But you're particularly focused on some of these lawsuits you say is going to be quite
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problematic. Natalie Winters, stand and deliver, ma'am.
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Of course. Well, the frivolous lawsuits are all that they have. And to the point about USAID,
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I think if you look at any department that this city has gotten rich off of due to the fact that
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there are no audits, right, all these weird NGOs that no one has ever looked into in the name of what
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promoting democracy abroad, USAID is the linchpin of that. And that's why they're melting down,
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because they know the gravy trains over. But more acutely, Steve, when we first started covering
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the resistance, when I put together that montage of the six-hour phone call that I watched,
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who put that phone call together? It was indivisible. That was one of the leading voices.
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That guy is who Rachel Maddow has always had on as sort of the point person when it comes to
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discussing anything resistance-related. And you're so right, they're culturally appropriating the war
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room in terms of their lobbying tactics. But I want to get really granular for a second on the
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lawsuits. There are two that have been brought against President Trump, the DOJ, for what they're
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trying to do over at the FBI. One of them is coming from some far left. It's called the Center
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for Employment Justice. You can imagine what their politics are. But you don't have to imagine that
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much because the chief attorney listed on the case is a former Democratic Senate candidate. But I want
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to flag, you know, we're all about receipts here in the war room. I guess we're all about opposition
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research, too. This lady, an individual, the attorney by the name of Pam Keith, has been out tweeting
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for years during the Biden regime about how every single MAGA member of the federal government
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needs to be fired. Don't just take my word for it. I'll read you her tweets.
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Quote, America needs industrial strength disinfectant of the MAGA bacteria in our
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institutions. Clean the wound, Mr. President. Fire them all. Next quote, if we are to remove
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MAGA at the ballot box, then you must, must, must, in all caps, remove MAGA from our institutions.
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Fire DeJoy, fire Flynn, fire Ray. Quote, it is time for the Biden admin to remove MAGA from our
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government. That's now the same attorney that is representing nine anonymous FBI agents citing
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political retribution for President Trump's decision to fire them, or at least have them
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answer a survey about their actions related to January 6th. And last point, the second lawsuit
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that they've brought, which is coming from a group representing, they say, FBI agents.
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This is a group that came under fire for giving out, I believe, $1,000 gift cards to agents who
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bent the knee to the BLM mob. This is a group that lobbies every government shutdown to try to get
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FBI agents paid. And funnily enough, they lobbied to keep Ray in place. So there are a bunch of
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political partisan hacks. And I think that that's just what we need to remember. These lawsuits that
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are coming out, it's basically just the new form, albeit watered down because they have no power,
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but of the impeachment that would have been if they had any semblance of power. But instead,
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they're relegated to activist types like Indivisible, like these far left NGOs going and crying on MSNBC.
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Now keep going. I want to go. Okay, here's what I want to do. If Denver and my crack production team
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can play again, Ezra, I think it's Levin, Levin of Indivisible. Tell me when you got,
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tell me when you got this thing ready to go. I want to play it again. You're the first one,
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Natalie Winters, as you normally are. You're the first one to warn us about Indivisible
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weeks and months ago. This is becoming the go-to spot. The reason is they have these calls,
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they have 50,000 people on it. Let me, let's play. I want to, I want to single this guy out.
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Let's play this for a second. Go ahead. And to you, what are you watching for in their actions
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that you think might really make a difference? It sounds good, Rachel. And I will say, I think
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we are in a much better place right now with Senate democratic leadership and the Senate
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democratic caucus than we were a week ago. That said today, today, 22 Democrats voted for another
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Trump. What I want you to see there, we'll put up, is he's got the bar. He's going full 12 o'clock
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high. He's got the little bomber, this pencil neck's got a little bomber jacket on, right?
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What is he? He's going to just go get a barber. You're quite stylish, Steve. People want to
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be you. No, he's trying to be great. No, he's trying to be Gregory Peck. Okay. Hey, Ezra,
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right here. This, this is, this is called a man. That's a man. That's Gregory Peck and 12 o'clock
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high. That's not you. Okay. It doesn't, it, the look is not working. That being said, these
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guys are, they're going to do something. I can tell you, this is where the resistance
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is going to come from. They're the rally point because the Democrats are shattered. How dangerous
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is this individual, indivisible? And we got to put stink eye on them, ma'am.
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Well, the Washington Post, one of the reporters just quote tweeted me saying that I need to
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find better mentors, but I would say, Hey, the tip of the spear of your resistance is trying
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to culturally appropriate Steve Bannon. So I think I have a pretty good one. But look,
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I have read all of indivisible's, you know, kind of casework, their blueprints of how to plot the
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resistance. These people are extremely organized down to the point where they have itemized tables
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of how to best lobby and, you know, intimidate basically peer pressure, your lawmakers on your
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phone calls. They've advocated for all of their members to write op-eds specifically in local
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papers because they have more traction. They're setting up town hall type meetings across the
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country. And hundreds of thousands of people showed up to those kind of mass mobilization
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calls that I watched, that I tracked. So these people are extremely, extremely engaged. But I
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think the more nefarious kind of angle to what indivisible has done, which is part of that group
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democracy forward that we were talking about yesterday is just the idea that they want to
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weaponize career civil servants and effectively turn them into, for lack of a better word,
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embeds, right, exposing the Trump administration. And that's why they're melting down so heavily
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about these people being removed from the building, because they can't be whistleblowers
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if they're not proximal to President Trump. So that's sort of the crux of it. And that's why
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they're melting down. And last point, Steve, what was Rachel Maddow's monologue about yesterday
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entirely? I guess that was two days ago on Monday, the same day that USAID is getting crippled.
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She's begging, groveling, and imploring her audience to donate and support independent media,
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civil society groups like Indivisible, because they know that gravy train's ending.
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Fabulous. You're on it. You're on watch. And you're now doing it from the White House.
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Natalie Juenters on all platforms. I will see you at five from the White House.
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Better mentors. Wow. Guys are getting, they're getting personal now.
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Thank you, ma'am. Great work as usual. See you this afternoon.
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Short break. Dave Bratsworth, I got a lot to go through today. Be back in a moment.
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So, we're hitting on our fronts, but I want to talk about focus. A lot of stuff coming out of the
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Republican conference today, and the topic will be focus. You have people like Byron Donalds and
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others being accused of going Chip Roy today and getting snarky and mean, I think, at the conference
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over here. Here's the issue, and I want to make sure we bifurcate.
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You have to get the preliminary. It's like in ice skating. You have to get the preliminaries
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done. You have to ace the things you have to do, the compulsory. You have to ace those to be able
00:17:26.360
to dance freestyle on Sunday night and win the gold medal. You have to get the basics done. They have to
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be done, and we have to get tens on those. People are moving at a million miles an hour. It's great.
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You've got scale, depth, and urgency. Scale, depth, and urgency of what President Trump's doing
00:17:43.380
in these verticals. But let's pull back, right, to our matrix. Let's pull back to what we've talked
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about from the beginning, from the very night we won. You have three big things that have to get done.
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Number one, you have to end the kinetic part of the Third World War. Only President Trump can do
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that. Principally in Ukraine, number two is in the Middle East. And extract American involvement from
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that. Number two, you have to simultaneously begin the mass deportations. Let me continue to put the
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word mass in there. Mass deportations of, I don't know, approximately 12 million illegal alien invaders
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that have come here just from 20 January of 2021. Let's not worry about anybody who came in beforehand.
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You just can't. Maybe if the criminal's in jail, yes. But I'm saying that's a small percentage. You've
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got to focus on what Biden allowed in the invasion. That's enough. It'll take us years to do that.
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But focus on that. And it's mass deportations. Number three, in neither one of those, even the
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beginning of the kinetic part of the Third World War is not existential right now, if you handle it
00:19:06.140
and extract it. And the deportations are, the invasion's horrible, but you got the army there
00:19:12.280
now that's first step of stopping it. You have a much more awareness. Even Abbott's sending the
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National Guard there. The existential is the financial part. Even, I haven't pulled it up
00:19:22.880
yet, but Bill Ackman, even Bill Ackman had a tweet last night, and Ackman goes through 36 trillion
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dollars in debt. The refinancing of that's driving inflation that has to be cut. The way to do this
00:19:33.280
doge. The thing itself is to get the grips around the spending. The spending, Morning Joe does,
00:19:40.840
I think, a 12-minute segment on eggs today. The price of eggs. Trump promised the price
00:19:45.840
of eggs, the price of eggs, the price of eggs. You're only going to get inflation down when
00:19:54.140
you get the inflationary aspects of a Keynesian, right? At this low employment, I get my economist
00:20:02.740
here. This is a Keynesian stimulus. You're juicing into the economy all the time. At a six and a half
00:20:12.960
trillion dollars of federal spending, approximately, and with four and a half trillion coming in,
00:20:18.240
approximately, that gap is two trillion dollars. The Congressional Budget Office concurs me. Now,
00:20:24.240
there's some debate about dynamic scoring and under dynamic scoring. I won't bore you with the details,
00:20:28.680
but just roughly, it's two trillion dollars. We're talking about reconciliations bills and,
00:20:36.520
you know, do these things for the border and the taxes. Let's be blunt. The whole thing with Jason
00:20:43.060
Smith and these guys over there on Ways and Means is the four trillion dollars of President Trump's tax
00:20:48.860
cut. You have to renew the 2.6 trillion that goes to people, couples under 400,000 and everybody
00:20:56.400
underneath that, and maybe even juice that a little bit. And you got to take care of the
00:21:00.880
pass-throughs to the small entrepreneurs, which is another couple hundred billion dollars. So let's
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say of the four trillion, it's up to three trillion of that. A trillion dollar of the tax cut,
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I'm saying, one, it should not be a tax cut for the wealthy. In fact, there should be a tax increase
00:21:20.160
until we close the gap because they're the ones, the corporatists, the lords of easy money, the
00:21:25.760
oligarchs in Silicon Valley. They're all welfare queens. They all want goodies and support from
00:21:32.840
your dollars. And the place to start is the defense budget. And I'm a hawk. And I've got skin in the
00:21:41.120
game to show I'm a hawk. As my daughter does and the rest of the family, we're hawks. But we're bigger
00:21:47.740
hawks. The ticking time bomb on our national security is this debt because it's inextricably
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linked with our ability to face the Chinese Communist Party. And we're crippling ourselves
00:22:01.980
every day. OK, so let me pull back. President Trump in his geo-economic and geo-strategic rethinking.
00:22:09.820
This goes back to, you know, we're free market capitalists. One, we believe there should be
00:22:17.260
more capitalists. There's not. Right now, we're in a world's the world system is mercantilist,
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essentially, where they're where they're they're they're grifting off of the whole world is underwritten.
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As President Trump said the other day in his tweet, is underwritten by working men and women
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in this country. That's why we are protectionist. That's why we look at external revenue service.
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That's why we look at the golden market here that you've created, the little platoons
00:22:44.220
that Burke talked about, that's given the stability and civic underpinnings of this economy, of which,
00:22:50.780
by the way, you guys are all dialed out of except for a tiny piece on the on the income side,
00:22:55.740
which is not increasing. Geostrategically, President Trump, an amazing focus goes,
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hey, how about this? Hemispheric. Hemispheric defense. I think I've heard that before. Oh,
00:23:08.860
yeah, that's right. The the the the revolutionary generation and the founders, James Monroe being
00:23:15.340
the biggest and James Monroe, as people know, was, I believe, an officer at Valley Forge with
00:23:21.340
with with General Washington as a junior officer, as Hamilton was and John Marshall. Many of the people,
00:23:29.020
the most loyal to to General Washington and then President Washington and really the people that
00:23:37.420
built the American system. That was a system of economics that came out of the report on
00:23:41.900
manufacturers. And we as economic nationalists and guys that think, you know, Hamilton was fantastic.
00:23:49.260
He went a little fall to deepen certain things. Right. Had a little too much a little bit kind
00:23:53.980
of a globalist on the I mean, nationalist, but kind of admired the British Empire a little too much.
00:23:59.180
And I don't know, like a lot of individuals, you know, had a thing with the ladies. Right. Just did.
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He was not. He was a very imperfect instrument, but a great man. I would argue one of the greatest of
00:24:11.340
the founders, the American system. Backed by Monroe, backed by Marshall. You notice the American
00:24:19.740
system was really backed a lot. By those that saw the sacrifice in the war, because all things
00:24:28.860
is the Declaration of Independence, a bunch of lawyers writing a beautiful document that was
00:24:31.980
just a beautiful document that set the table for an invasion that already started.
00:24:36.060
I think we finished. I think we finished the declaration on the second ready for signature
00:24:41.100
on the fourth. The British expeditionary force landed in Staten Island on wait for it the afternoon
00:24:46.860
of the second. The founder, the revolutionary generation knew they were going to war. This
00:24:52.860
is the largest expeditionary force in world history at that time. Maybe as bigger than at least
00:24:58.940
modern history, bigger than Xerxes coming to Greece to shut down another democracy.
00:25:06.060
From Persia. Gosh, how that's interconnected today. Right.
00:25:12.540
So. The hemispheric and you send Ruby the first time to Panama, he's got a 30 minute meeting
00:25:18.860
and the guy walks out, the president walks out to the sticks, says, I'm out of one belt, one road.
00:25:23.380
And we told you they pulled the contract yesterday, began to pull the contract from Hutchison, Wampoa,
00:25:27.900
the huge trading company in Hong Kong that runs the port of Hong Kong and runs the port of
00:25:34.220
Panama. They're throwing them out. He's taking that in Greenland. We had we had Tom Dan's
00:25:40.060
a very moving ceremony yesterday laying the wreath on the door where the Dorchester sank
00:25:44.540
with the four chaplains, two Protestants, a Catholic and I'll throw in a rabbi.
00:25:50.860
Right. Sank out there in the North Atlantic, freezing to death immediately with hypothermia.
00:25:56.060
On a merchant on a merchant on a merchant marine ship.
00:26:01.660
So in Greenland, you've got the extension of Fortress America, the extension of of of 2.0,
00:26:06.620
if you add the island chains in the Pacific, you've hermetically sealed the United States,
00:26:11.340
throw on top of it an iron dome and we're good to go.
00:26:13.740
So in Ukraine, Zelensky, who used one of the crudest terms and I've been known to throw
00:26:25.260
out a couple of crude terms. I got it. I'm an Irishman and a naval officer. Sometimes it just slips.
00:26:30.700
And I run a little hot sometimes. He is one of the crudest descriptions for Tucker Carlson. What
00:26:37.980
has Tucker Carlson done? Stood up for his nation and want to know where the grift is. And this is
00:26:43.340
a guy on Piers Morgan comes yesterday on Piers Morgan and Zelensky sitting there and says this
00:26:50.620
crude thing about Tucker Carlson on the day after he told the Associated Press, I only got 77 billion
00:26:57.260
dollars. I don't know what the Marjorie Taylor Greene abandoned all these guys are wanting about. What
00:27:00.380
are they talking about? I only got 77 billion. I know you allocated 179, but hey, I don't know.
00:27:06.060
I just got 77. It's an open secret in this city. It's an open secret with the CIA. It's open secret
00:27:12.620
in New York and the city of London that they've been stealing with both hands. Open secret. They're
00:27:18.220
stealing with both hands. And right now we're a little too bogged down in that.
00:27:26.860
I'm not going to address Gaza because it's about focus and about opportunity costs. And we've got
00:27:33.100
we've got a shredder we're going into. Here's the shredder. It's not simply the reconciliations
00:27:38.620
bills. The reconciliation bills are trying to accomplish things and do things that are
00:27:44.700
good to have and actually saying the tax thing, yes, nice to have, you have to have, as Scott
00:27:49.020
Besson says. However, we have something fundamental that nobody wants to talk about. And now I'm
00:27:53.660
seeing inside the conference because we're hammering it. On the 14th of March at midnight,
00:27:58.940
the government's out of money again. It doesn't matter if Elon's over there. He's got the checkbook
00:28:05.500
or he's got insurance. He's finally gotten back. He's gone to OMB for the words allocated and then
00:28:10.220
gone back to the thing, got the checkbook, just stopping them writing checks doesn't solve. That's
00:28:15.820
not cutting spending. That's just slowing it down. I kind of dig it in one aspect of it.
00:28:20.700
It puts them on notice. Your money just can't flow. However, midnight on the 14th is the moment of
00:28:29.260
decision. We're either in or out. Do we actually shut down President Trump? Does he actually shut
00:28:36.780
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Do it today. Here's your host, Stephen K. Vann. Gold, all-time high?
00:30:15.180
Okay, gold, birch gold, think gold's a 28. By the way, breaking news over at Zero Hedge,
00:30:20.520
Twitter, our own Jason Trenert of Strategius has been named the Assistant Secretary of Treasury for
00:30:31.420
Financial Markets. That's great. That's fabulous. We've lost the entire economic team, it says,
00:30:36.220
for EJ and Tony and Dave Brett. This is how desperate I am. I got a failed pro tennis player
00:30:41.360
here that finally had to make a living, so he went and he went to work, he went to, he taught
00:30:47.140
at a college of poets, I'm kidding. Brad's my go-to now in all things economics. And by
00:30:53.300
the way, to show you Brad stepping up to the plate, he's been coming to me all night with
00:30:58.500
these detailed mathematical calculus formulas that proving, he's like a mad professor now,
00:31:04.560
saying, I figured it out. He's on the whiteboard. I go, Dave, stop, stop. I said, no, Besant's
00:31:10.540
gone. Peter's on CNN this morning. We're going to get Peter. Peter was great on CNN, Navarro.
00:31:15.560
You got Besant, vote. They're slowing down vote. They just said they're going to do 30 hours.
00:31:20.000
They're so apoplectic on vote. Rachel Maddow, every night, she's back to work five nights a
00:31:30.140
Morning Joe's doing 15-minute segments on the price of eggs. Just for the Republican caucus
00:31:34.540
over there. Look, only 170 people went to Doral. That is a warning flare. Why didn't everybody
00:31:43.500
go? What I'm hearing is that people are very upset that there's not enough serious work
00:31:48.580
going on this budget. And look, the reconciliations are fine. And there's no plan for that. Lindsey
00:31:58.180
Graham in the Senate, you should know, is coming forward with the two. They're coming forward
00:32:02.420
with the border and energy, et cetera. They're not doing it because they're friends of War
00:32:10.200
Room. Remember, the Senate's moving. The Senate's moving at the donors. The donors are very
00:32:14.700
concerned that if you have one big, beautiful bill, it's easier to vote down. They got to
00:32:19.680
get those tax cuts. I actually think it's easier if we bifurcate them. First of all, we got
00:32:25.920
to get the border. They don't have the money right now to do what Homan and these guys want
00:32:29.680
to do. Remember, it's mass deportations. The onesies Tuesday they're doing now is heroic.
00:32:34.520
I love the optics. We do know, though, from people there, it's getting harder. It's administrative
00:32:39.360
warrants. Pam Bondi is going to change that. Pam is going to be at the White House at 1130.
00:32:44.200
We may cut to the Oval Office. She may be in with the president. We'll cut to Pam Bondi.
00:32:47.960
He got approved last night. Seagal Chata out in Nevada has sent me. 19 attorney generals
00:32:54.680
are suing now, I think, on Kash Patel. So what was said on Richard Maller the last three
00:33:00.480
or four nights, they're digging in now. They're shattered. They don't have a leader. John Stewart
00:33:06.140
is telling Schumer, you've got to get off TV. But they're trying to regroup. They're trying
00:33:10.120
to look at a rally point, just like we did in 21. Remember that. And they're going to have
00:33:14.340
it. And they have many more resources. They still have the media. These guys are far from
00:33:19.180
done. This make this is why USAID has to get done because you're taking out a funding
00:33:24.180
pool. OK, so I want to go to a birch goal. The price of gold hit another all time high,
00:33:31.780
I think, overnight. I'm not here hawking gold. What I'm what we're making available to you
00:33:37.760
is in your thinking. And we know the audience loves receipts and loves details. It's very important,
00:33:46.240
we believe, for you to understand in all the range of alternative financial alternatives,
00:33:50.880
you need a hedge against times of turbulence. That's what gold's always been.
00:33:54.880
How gold's performed over the last couple of years has traditionally not had gold performance.
00:33:58.640
Dave Bratt knows this. I mean, I think we picked up it was like eleven hundred bucks an ounce or
00:34:01.980
twelve hundred bucks. You've never had these kind of moves. The moves are going because of the
00:34:09.040
decrease of the purchasing power of the dollar. Why is that? OK, let me think for a second. Hang on.
00:34:13.680
Oh, the deficits, the federal spending. It all gets the railhead all gets back.
00:34:18.440
The apparatus has more control over you. They're more involved in every aspect of your life.
00:34:22.860
Right. Inflation goes and now it's embedded. Bill Ackman. Can we put up the can we put up
00:34:28.540
the tweet from Ackman? You know, Ackman's no no fan of war war. But he is a major axe on
00:34:35.820
Wall Street as a hedge fund. I think he runs Pershing Pershing Square Capital. Pershing
00:34:40.920
Square Capital, as you know, is is one of the little squares there in New York that are
00:34:44.700
dotted with him. The and he's saying he has a whole thing about Elon Musk and about
00:34:51.540
Lenny Doge do their work and find these find these cuts and do this in supporting President
00:34:56.480
Trump and Elon Musk. But his preamble is the mantra of the war is that at thirty six trillion
00:35:02.600
and adding a trillion dollars every couple hundred days or so and having deficits still
00:35:07.840
annually at two trillion dollars in perpetuity, because, ladies and gentlemen, this is as far
00:35:12.480
as the eye can see. He's saying it's not sustainable. Plus, he gets to the point in having to refinance
00:35:17.740
that. He gets down to it. We're having to refinance that a third of it essentially every
00:35:22.280
year at higher and higher rates, because that's what's happening, that you're embedding
00:35:27.260
inflation that you can only take away when you cut the deficits. We're not talking about
00:35:32.800
in your lifetime, the lived experience of this audience. We will not get to ever taking off
00:35:40.500
a dollar, the principal amount of the of the debt. It won't happen. The struggle now, even
00:35:45.040
Elon Musk went for two trillion off the six point five now to now one trillion off. And
00:35:53.180
I'm not faulting him. I think he's understanding it's a lot more complicated. It's not like a
00:35:57.020
company. And this is my point about the OMB, where the money was, was, I think, shocked everybody
00:36:01.820
that, wow, it's everywhere. Head Start, Meals on Wheels in every congressional district. They were
00:36:05.800
getting blown up down a Doral. This is why this is why President Trump retracted the memo. But
00:36:10.940
remember, not the content of the memo, which was slow down payments. And it shows you everywhere.
00:36:15.940
Also shows you a complexity of Medicaid. Medicaid, you would think Medicaid and Defense
00:36:19.420
Department be the two you look at. Medicaid ain't so easy. Because since corporations haven't
00:36:24.240
been paying anybody and not picking up health care, Medicaid's in there. You know, it's it's
00:36:29.680
it's in it's going to MAGA, particularly working class Americans. That's just a reality you have
00:36:34.620
to face. So with all that, it gets down to Elon then cuts to a trillion dollars starting
00:36:41.680
next year. And what he's going to do is identify four billion a day between now and October
00:36:47.240
1st, the new fiscal year to identify and kick in. And I'm only my point is, yo, I got
00:36:52.560
that. But right now, I know you're doing the line diagram. But this weekend, sit down and
00:36:58.720
just round up to the nearest hundred billion. You do this in restructuring all the time.
00:37:04.480
You're not going to get to the fifth decimal place. You don't need to get to the fifth
00:37:07.780
decimal place. The thing's so big and out of control. And this is what's out of control
00:37:12.120
is the spending. And it's the system. Elon is out like I was a junior officer on a Navy
00:37:20.400
ship. You have to what's called fight the ship. You have to understand how a combatant
00:37:25.400
as a system works. And you also have to learn when the enemy gets a vote, when when you're
00:37:32.320
in combat and things start blowing up, you have to know the system well enough that you
00:37:36.400
can revert on damage control and do other things. You've seen this if you've ever watched
00:37:39.840
some of the war films about Navy ships. Elon's engineering brain is doing the same
00:37:44.780
thing. OMB memo is to find out where the cash is, how much percentage of it's out there
00:37:49.180
and where does it go. And he goes to the railhead, then back to Treasury that actually writes the
00:37:56.240
checks. And, you know, in Trump's version of the world, hey, the way you control a company
00:38:02.840
is control the checkbook. You don't sign any checks that you can slow down payments.
00:38:07.340
You can stretch out. You can make vendors a permanent part of your capital structure.
00:38:13.000
People do that all the time in restructurings. Right. I'll give you 10 percent. Now you
00:38:17.160
got to stretch your payments out. If vendors want to keep selling stuff, they have to do
00:38:20.420
it. It hurts them. But hey, that's just the life. And if people everybody in the audience
00:38:24.340
knows that you run a small business. But at the end of the day, the appropriations bill
00:38:31.800
is a law. It's a law for a reason. It's statutory. Everybody they vote on it. They negotiate it
00:38:39.660
for a year. They allocate it. And it goes into a first a Treasury where the payments go.
00:38:44.420
Then OMB had a manager had a look at it. But it's a law. President Trump's theory of the
00:38:49.180
case and Mark Paoletta and Jeff Clark and Russ Vogt, you know, three guys have been on the
00:38:55.800
show a lot, have this theory of the case of impoundment. And their theory of the case
00:39:00.160
of impoundment, like in the Green News scam, when President Trump signs an executive order
00:39:03.820
and say the Green News scam is over, right, that the $300 billion they're saying, they remember
00:39:09.040
the headline of the Financial Times, $300 billion. President Trump can grab that because
00:39:13.240
the trillion dollars was a ceiling and he can, in the unified theory of the executive,
00:39:20.140
chief executive, he can make a determination and give me that money and I'm going to reallocate
00:39:24.580
that to Tom Homan, et cetera. Okay? This is, by the way, it's an interesting theory. We happen
00:39:30.480
to believe it's correct here in the war room. But nine people in black robes across the street
00:39:35.460
are eventually going to make a decision on that day, Brad. So, and here's the thing. The 14th,
00:39:39.780
this train's left the station and it's hurtling down to a conclusion. Everything should be put
00:39:44.700
aside right now for the next 30 days. And Elon should sit down with the president. I understand
00:39:49.780
you're doing this stuff and running around and shutting down the FBI and God bless you. We need
00:39:53.800
it. However, the main thing is to make sure that, and we should have this, if it's going
00:40:00.300
to be too, if we don't have the political will and the votes to cut it, then let's just have
00:40:07.420
an adult conversation. Then we got to figure out how to finance it. But right now we're
00:40:10.780
kidding ourselves. And this is why you're seeing Byron Donalds. And this is why you're seeing
00:40:15.460
Eli Crane and Andy Biggs and the same guys. And Byron Donalds gets it. He's going to run
00:40:20.540
for governor of Florida. He wants to be part of a team that got something done in the house
00:40:26.340
Yeah. Well, that's, that's the main point right there is back when I came in with Paul Ryan
00:40:31.300
and I assume these guys had a plan. There was no plan. And so now why is Elon, all the pressures
00:40:38.400
on Elon for this trillion, because the house and the Senate have totally failed. And the American
00:40:43.180
people are starting to see right now with these stories converging, Barrasso and Lindsey Graham
00:40:48.380
versus the speaker, Mike Johnson, in this debate over the one big, beautiful bill. How in the world
00:40:54.180
do we not have our ducks in a row, right? The left is planning to come after us. Schumer's going
00:40:59.240
bananas right now. MSNBC is blowing up. The time will come when they attack and we're not ready
00:41:07.100
to go. I mean, we're doing great work right now, but the House and the Senate aren't responsible
00:41:11.060
for any of it. Joni Ernst wrote an article yesterday, was in an article yesterday. She's
00:41:15.700
scared of USAID. She says they're coming after her. USAID is threatening her.
00:41:20.160
Oh, stop. What do you mean USAID is threatening her? What does that mean?
00:41:22.520
$50 billion. They said, you can't look to a U.S. senator. You can't look at these contracts.
00:41:27.300
You can't look at this classified stuff because you might leak it. They work for her, right? And so
00:41:32.960
this is the problem. This is the House and the Senate have been letting this go on for 20 years.
00:41:38.240
And now it's all coming out, right? And so the House and the Senate are going to look really bad
00:41:42.760
as this news emerges. And so getting back to your egg thing, right? This inflation and eggs are up.
00:41:50.160
It's total gaslighting, right? Prices went up 22% under the Biden regime. Inflation is 3% this year.
00:41:56.780
So prices are up 25% over the past five years. 25% out of your retirement account, by the way,
00:42:03.120
not just eggs. Your retirement account is worth 25% less. That has not sunk into the average American
00:42:14.300
This is why they tried to bind together to have a gold bank. And President Trump said,
00:42:17.760
hey, look, I love the bricks, 100% tariffs and you keep messing around with the dollar, right?
00:42:22.300
And people are getting confused about the causes of inflation. Friedman had it right. It's always
00:42:27.140
when you print $9 trillion M2, you're going to get inflation. It's money printing.
00:42:34.040
M2 is the amount of money in your economy, right? And so if you print way too much money,
00:42:37.980
you're supposed to print the percent change of GDP growth. Skip the details here though.
00:42:43.180
What matters is people think government spending causes inflation. It does not. It appears to,
00:42:48.940
because every time we spend government spending is $2 trillion, the Federal Reserve comes in and
00:42:54.560
accommodates it. That's the big word for the day when it comes to the Fed. The Federal Reserve
00:42:59.400
accommodates their spending so that interest rates don't go through the roof. That is not
00:43:05.060
really their job, right? They're not supposed to be accommodating and making it easy for our
00:43:10.320
government to run $2 trillion deficits. But when you have the Uniparty and no congressional
00:43:16.000
oversight from the House and the Senate, again, I repeat myself, for the past 30 years, the Fed
00:43:21.280
gets us into the 0708 financial crisis, creates the Tea Party movement. That leads into this
00:43:27.220
populist movement that's international in scope. Trump is clear in the field right now. The left is
00:43:33.580
apoplectic. But it all comes down to this $36 trillion in debt. That's $36 trillion. Where do you
00:43:40.620
see that in our economy? What's that $36 trillion in debt done for you, as Steve says, every day?
00:43:45.600
Where do you see it? Do you see it in the cities? Do you see it in human capital? Do you see it
00:43:48.740
anywhere? It's crowding out our ability to do anything, right? Yeah, we're coming up. Hang on
00:43:53.740
one second. We're going to take a short break. I've listened to the audience. Dave is in the room.
00:44:00.920
He's at the mic. Short break. Back in a moment.
00:44:03.540
We rejoice when there's no more. Let's take down the CCP.
00:44:08.920
What if he had the brightest mind in the war room delivering critical financial research every
00:44:13.720
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a former CIA, Pentagon, and White House advisor with an unmatched grasp of geopolitics and capital
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I read it. You should read it. Time is running out. Go to Rickardswarroom.com. That's all one word,
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00:45:23.380
So, Birch Gold, make sure this is about turbulence. I want you to be as smart as possible. The end of
00:45:37.120
the dollar empire. Make sure you go and get It's Been on Fire, the request for this. Modern monetary
00:45:42.880
theory. People are digging it. Brad's going to be here. We got Rickards coming on the geopolitics
00:45:50.160
and capital markets because, quite frankly, this is every March 14th. And I'm telling you now what's
00:45:56.260
going to happen is going to be extend the CR for one year. Extend the CR for one year. And that means
00:46:02.980
we're going off last year's spending, which is, it's still Biden's, it's Biden's numbers. We have to face
00:46:09.800
the reality. We kick this thing into the can to make sure that President Trump get a shot at doing
00:46:13.440
the budget. We have to do it. Johnson, these guys, everything should be dropped right now.
00:46:18.520
The focus should be on this. You need focus is power. Focus is power. I would actually say focus
00:46:25.040
oftentimes is a superpower. Right? Focus is power. It's one of the reasons we were one of the elements
00:46:31.580
with you and you were the major element of turning this thing around because we focus on going after
00:46:37.280
the illegitimate regime every day and able to get a rally point like they're trying to do right now
00:46:42.780
over on the left. And all I'm hearing all day, my phone's been blown up. People tell me, hey,
00:46:48.300
they're coming with lawsuits. They're trying to slow everything down. They're trying to slow
00:46:51.660
to get through the hundred days and the six months and then basically try to entangle President Trump
00:46:57.540
and everything. This is why we don't need to entangle ourselves in more things. The list of stuff we
00:47:03.440
have is monumental. It will return America to its greatness, but you have to rank order those of
00:47:08.960
what we have to do. And the, um, you know, as much as it's positive and things are positive,
00:47:15.640
when you look at Gallup and these others, it's about 48 or 49% approval is about 47% disapproval.
00:47:24.040
Now I know in groups we break out and I would say actually this thing could be in the mid fifties,
00:47:28.180
but even that, given what you're trying to accomplish, which is huge is, uh, is amazingly,
00:47:34.600
you know, important. Uh, Patriot mobile, make sure I'm in, I'm in, um, I'm in, um, uh, on the 28th,
00:47:45.060
Friday night, the 28th in Tarrant County. If we can get that up, Poso is going to be with me.
00:47:50.120
So I'm going to give a major address down there to the Tarrant County Republican party. Patriot mobile's
00:47:55.340
putting it on Patriot mobile, your Christian values backed up every day by Glenn story and the team,
00:48:02.200
just absolutely amazing. Um, so I'll be down there on Friday. We'll probably be doing the show
00:48:07.340
from around down in the Dallas Fort worth area. We'll figure it out and get, uh, get notification
00:48:12.280
to you, um, about what we do. Also at CPAC, we're going to be at CPAC, um, in a very special,
00:48:20.320
I think we're working on some special accommodations given the size of the show and the amount of people
00:48:24.700
we're bringing CPAC.org put in a war room. You get a 20, you get a huge discount. Tickets are 76
00:48:31.120
bucks, essentially giving them away to the war and posse. Cause they want another huge turnout of the
00:48:35.680
couple of thousand that we, we brought last year. So, uh, pretty amazing. Also, uh, Patriot mobile,
00:48:41.740
uh, in birch gold, birch gold, make sure you go and get all the access, the information. They got a
00:48:47.000
great thing. Invest, investing in gold during the age of Trump. Second term, read it, understand,
00:48:53.060
and then talk to Philip Patrick and the team. Professor. Yeah. You've been, you've been chomping
00:48:57.260
the bit here. Yep. Yep. You got the, Cameron, you got the chart with the equations up at the top.
00:49:02.480
This is wonky. I'm not going to make it wonky. This is wonky. No, this is beyond wonky. This is
00:49:07.240
right here. You don't get this at Harvard Business School. My brain is frozen. That's the problem,
00:49:12.480
right? Here's the fundamentals. There's three things that this is a solo Nobel prize winning
00:49:18.760
economic growth model, uh, solo 50 years ago, three things in that equation cost growth capital
00:49:24.440
stock. Uh, the capital stock in China right now is a hundred trillion in the U S of a it's only
00:49:30.080
70 trillion. So I hate to be a downer. We're doing great things right now. Elon, Trump, everything
00:49:35.360
that's just to stop the dumpster fire, right? They're just stopping the bleeding. They're stopping
00:49:40.720
the Marxist Leninist overtake of this country, but to rebuild, if you don't rebuild your capital
00:49:46.720
stock and we haven't even started, Trump's putting all the right moves in place for that to occur,
00:49:51.680
uh, three, uh, things in that equation, capital stock, human capital, the literacy rate in downtown
00:49:56.980
Chicago for the poor kids is 12% of the kids can read in the third grade. You tell me how that's
00:50:02.840
the American citizen first that the liberals care about. And third is technological growth. So he's
00:50:07.360
got the techno brothers on board, uh, but we'll see if they can put policies in place that help the
00:50:13.060
middle-class, uh, next chart, uh, Denver. I just want to bring this one up. I'm giving this talk at
00:50:18.080
the Atlantic council, uh, in a couple hours, uh, with some of our friends from Ukraine.
00:50:23.100
Hold it. Stop. Stop. Talk about Buzzkill. The Atlantic council is the word. I'm a convertum.
00:50:29.920
You're there as a populist nation. That's the biggest globalist. Okay. Yes. I'm going full on.
00:50:35.600
Uh, look at this chart. Uh, you can go back to 1981 Denver. Uh, there's India and China,
00:50:40.480
the big red balls making $2,000 a year, uh, in 1980. I see all those yellow balls to the far
00:50:47.720
right. Uh, the rich ones, the further to the right you are, the richer are all those yellow
00:50:51.840
balls are what's known as Protestant Christian countries in Western Europe, the free market
00:50:57.400
system, all the humanity made $500 a year for all the human history until we chose it's a social
00:51:03.840
choice, the free market system. This does not go against anything in the Trump agenda.
00:51:09.560
He's trying to get back to a level playing field where the globalists and the European elites
00:51:15.540
in Canada's true dough and Mexican, Mexican criminal class, not the people. We love all the people
00:51:21.780
everywhere. Uh, but the, the elitists have been ripping off the United States forever. Canada's,
00:51:27.240
uh, spending on defense is 1.4%. It should be 4%. And they're lecturing us. Uh, what I want to point
00:51:34.960
out on that graph right there, those Christian countries, this is by Bradford DeLong, a top
00:51:39.680
economist at Berkeley. I don't think he's a Presbyterian. The probability of the Christian
00:51:44.800
countries growing like that is one in 10,000. There's a one in 10,000 chance that all those
00:51:51.460
Christian countries grew the fastest in the world, uh, at random. It didn't happen that way.
00:51:57.820
Our, our most recent, uh, Nobel prize in economics went for the outstanding contribution that private
00:52:04.300
property rights and the rule of law is helpful to economic growth. No kidding. Uh, so is the
00:52:10.040
Christian religion. Uh, so is a morality. All of our founders knew that. I get grief with it,
00:52:15.060
but this is the underpinnings of the Judeo-Christian West. Yeah, that's right. Those, those ethics and
00:52:19.740
those values. Yeah, that's right. And, and, and, uh, and the, uh, the work ethic, uh, the husbanding
00:52:25.940
of resources, the stewardship, all of it, Old Testament and New Testament combined led to the
00:52:32.400
underpinnings of that that make these successful societies. Correct. And you can copy the cookbook.
00:52:37.420
Japan did, but then MIDI that their manufacturing got too tight with the government and they had
00:52:41.920
lost decade or two. Like we're about ready to have. And as I mean by that, well, our culture is fading
00:52:47.480
too. We're going to these techno bros. I thought, I thought we're heading to a new golden age.
00:52:51.280
President Trump tells me that we're going to get that story. Okay. The right stuff. What's the
00:52:56.000
right stuff mean to you? Right stuff is the Judeo-Christian West and everything that goes with it.
00:53:01.060
That it's indefinable, but you know it when you see it. And I see it in Dave Bratt.
00:53:07.380
Bratt, when are you going into treasury and get a real job? Don't go to the Atlantic Council.
00:53:12.520
I'm waiting for the invisible hand. It's going to happen. Something will happen.
00:53:15.460
Short break. Jim Rickards joins us next in the war room.
00:53:21.580
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