Steve and Eric discuss the latest trade deal between the United States and China, the impact on the stock market and the economy, and the impact of China's retaliatory tariffs on the U.S. goods and services sector. Steve and Eric also discuss how China is playing 3D chess with the world.
00:00:00.000I actually believe some of these deals going forward on the reciprocity, Eric, don't be surprised if three months from now, four months from now, five, you see Scott Besson come up with a proposal that maybe, hey, part of the way to close this trade gap is maybe you take a different type of security that's maybe got some longevity to it.
00:00:17.760I think folks have to understand in the overall trade, President Trump is a dealmaker.
00:00:22.780They're going to look at a lot of different things.
00:00:24.420With China, I think it's beyond a trade deal.
00:00:27.460Pete Hexitt, your buddy, is down in Panama signing an MOU.
00:00:31.860We're sending Army Rangers down there to do exercises.
00:00:35.660And he says, hey, if anything comes up, we're going to seize actual the locks in the canal.
00:00:43.300Pete Hexitt is not a guy that throws out things like that, right?
00:08:42.400It's Thursday, 10 April, in the year of our Lord, 2025.
00:08:51.640Just an incredibly explosive day all around the capital in the world for news and things that are vitally important.
00:08:59.640One recommendation I want to make, and there's so much going on, is that Citizens Free Press, you have this extraordinary individual, Kane.
00:09:09.380He's a lot like Andrew Breitbart, even Drudge in the old days.
00:09:12.420Remember, Andrew came up by being the editor, one of the editors, or actually the only wingman Drudge had for many, many years.
00:09:18.920Those guys would work, you know, 12 on, 12 off all the time, seven days a week, never left the page alone.
00:09:25.100Kane, we're very blessed to have someone like Kane, who is just a news hound.
00:09:33.040And this is how we recruit people at the War Room.
00:09:35.160Those are the people that want to get up on the Saturday morning and sweep the gym and be doing, you know, free throws at 7 o'clock in the morning.
00:09:48.160It's so important, I think, to go to Citizens Free Press throughout the day because they're continually putting up great headlines and really framing narratives.
00:09:55.360And two, that he's particularly on and that Kane, I think, from his years of doing this has become kind of an expert.
00:10:01.840And there it is right there if you see it.
00:10:03.460If you're listening to the podcast, this is why you've got to get the command brief.
00:10:08.040You've got to get the videos because you've got to – I know we have tons of podcast audience that listen.
00:10:14.440This is one of the reasons you've got to get it.
00:10:15.520We've got Citizens Free Press up there right now.
00:10:41.520But I mean destroyed by the Chinese Communist Party and they worked in conjunction with the Chinese Communist Party, our elites, financial elites, political elites, worked business elites,
00:10:51.960worked with the Chinese Communist Party to basically take it from a kind of a backwards agricultural power to a manufacturing superpower on your tax dollars and your pension funds that ship those jobs over there.
00:11:05.360And President Trump has now said, hey, we've got a problem.
00:11:10.400We have to become an industrial power to retain our greatness.
00:11:14.140We have to have manufacturing jobs that families can build real lives around, right?
00:11:19.920Not just these service jobs that are, you know, are never around, up and down, have no stability to it, have no true competitive advantage over time.
00:11:30.780So in his efforts to reindustrialize this country, eventually you're going to have to get to the hard nut of the problem in China, in the Chinese Communist Party.
00:11:42.120Lao Bajing, I'm very honored to head up, be one of the co-founders of New Federal State of China.
00:11:47.400It's one of these alternative groups that look to work with Lao Bajing to free themselves.
00:11:51.280But I work with many, many others as being one of the proudly one of the leaders of the anti-CCP organizations throughout the world because they're a murderous dictatorship.
00:12:00.440Every bad, every bit as bad as the Bolsheviks under Stalin and the Nazis under Hitler.
00:12:11.020And that's why I think, you know, when people talk about, hey, we want a meeting with them, there's no one meeting that's going to solve the problem what's here.
00:12:17.060First off, as Natalie has shown you over years for Investigate Report, they're so embedded into the culture life, into the universities.
00:12:24.240There's 350,000 Chinese students right here paying full freight.
00:12:29.880What do you think would happen to the university system if we told them to leave tomorrow, which we should do?
00:12:35.760The university system has tapped off this.
00:12:37.860The national labs, the weapons labs, Chinese nationals all throughout that.
00:12:41.080Biden allowed tens of thousands of military-age men, of Chinese men, into the country.
00:12:48.580Right now, one of the lead stories up on Citizens Free Press, the Wall Street Journal is breaking it.
00:12:53.540The Biden administration was told to their face last year in Geneva that all these cyber hacks, the cyber hacks in the infrastructure.
00:13:00.980Remember when Chris Wray did the 60 Minutes that was so shocking to the country?
00:13:05.200He says, yeah, the number one problem we have is China, the CCP.
00:13:08.320Oh, and what they have done, they're embedded in all of our infrastructure.
00:13:13.160I mean, the electrical grid, the communication systems, the highway systems, the transportation, logistics systems.
00:13:19.060They're embedded either through software or other means.
00:13:23.180And when the flag goes up, when the balloon goes up, they will use that infrastructure to cripple us.
00:15:15.760The company I trust to help you diversify into physical gold is Birch Gold, the company I buy my gold from.
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00:16:30.140You know, there's that saying, when this is a solution in search of a problem, this is a classic example of the SAVE Act.
00:16:38.900What Republicans are doing is, once again, demonizing immigrants for the sake of making it harder for eligible citizens to register to vote and to cast their ballots in elections.
00:16:49.580It's voter suppression in disguise, not so much of a disguise.
00:23:19.200I talked to criminal defense attorneys while I was down there in Del Rio in the courtroom.
00:23:23.380And they're like, yeah, I've seen guys get 10 years in prison for returning.
00:23:28.660Now, it gets even worse if they have criminal history on them where, you know, they did an assault or a felony, you know, some kind of rape or whatever while they were here.
00:23:39.160Then you're looking at serious prison time.
00:23:42.020This is a really important tool because you've got detention and deportation, expedited removal.
00:23:51.560But, you know, when they come back over and over and over, you always hear about these repeat offenders, right?
00:23:58.260This is the way you reduce the chances of a resurgence of mass migration by putting a big sledgehammer in the air over them or sort of Damocles over them for returning.
00:24:12.700So this thing is spreading all over the country.
00:24:17.060One of the things I think people are getting antsy, it's not that they don't like seeing Holman or the secretary of DHS, Noam, on these raids and doing these raids and talking about putting bad guys and putting guys on planes and were fighting in courts.
00:24:33.840The concern gets to be in this new reconciliation budget.
00:24:38.120It's the one big beautiful bill now has the deportations part in it.
00:25:00.020I think people are getting antsy because they realize the criminals that came across, yes, there's lots of those and they have to be dealt with.
00:25:07.020Then it looks like Holman and Kristi Noam and others are dealing with it.
00:25:09.880But the mass deportation part, starting with the app, the 973 or whatever that number was, when is that going to kick in and people start – we start getting these guys out of here and start getting them off the back monetarily and financially and business-wise off of African-Americans and Hispanic citizens so they don't have to compete with these folks for jobs.
00:25:31.280Yeah, I mean I've been telling the posse for quite a while now that you've got to be patient because the Biden administration dismantled the machine.
00:25:43.400The deportation and detention machine literally dismantled it.
00:25:47.560For example, they closed all the – every family detention center in the United States was shuttered.
00:25:55.980I drove past one last week, Dilley, in Dilley, Texas, and tried to get up there, and they're under construction now.
00:26:05.540They're going to have to put open centers in the interior of the country to put people while they're waiting for a bus or a plane to fill up to come and get them.
00:26:17.080And also there are other programs that are in play.
00:26:20.360For example, you know, they want to put a registration – if you don't register your presence here and we catch you, that's going to be a charge on you unless you self-deport.
00:26:30.500They're creating some of those kind of programs to incentivize self-deportation, which I think will help.
00:26:36.800But remember, the engineers of this thing, the architects of the mass migration crisis, which was done fully, completely on purpose for four years straight – there was no accident here.
00:26:50.940They did it on purpose with lawyers, you know, constructing the whole thing carefully – is designed to be a one-way road in.
00:27:00.320One-way road in because everybody knows that it's difficult then to legally remove people.
00:27:07.660There are processes, legal processes to make up – to open up the way going the other way.
00:27:29.860We're going to break down, Julie, everything on the legal side, particularly trying to trap President Trump and these folks in the contempt charge.
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00:30:38.920Number two, there's $170 billion to set up a deportation system that was purposely taken apart by the Biden regime to allow 10 million people in here.
00:30:54.420It's going to take us years to get this ready to get these 10 million people out.
00:30:58.380Now, if that's not a crime, it's got to be something.
00:31:03.540And there's got to be a thorough – to your mind, Todd Benzman, the process of taking it down as they did that was so systematic because you would come on here for years.
00:31:14.100And unlike all the other shows, you would go, it is not chaos at the border.
00:31:24.980This is going to have a long-term impact for the country.
00:31:27.080And in any indice you look at, this was probably even higher than inflation, right, the thing that got Trump back to office because it's one of his core signature things just like tariffs and trade and bringing manufacturing jobs back from the first term.
00:31:43.340To your knowledge – well, first off, am I wrong?
00:31:46.900When you take apart a system that's there to protect the sovereignty of the country and the sovereignty of our citizens and take that apart, invite the world in, and now we know that it's so hard.
00:31:58.340You've got to put all this stuff back together again.
00:32:00.340And plus physically you have to go recreate the logistics thing of transporting, and even then it's never been built to send 10 million people back home.
00:32:10.680If that's not a crime or if that's not treason to the nation, I don't know what is, Todd Bensman.
00:32:15.380Well, I do believe that there is a lot of fraud to be uncovered.
00:32:24.460During the break, I didn't think of this, but I was contacted recently by a congressional investigator.
00:32:32.500I'm not going to say who or which chamber that has – this is an arm of Congress that has very powerful subpoena power asking me what they should do, who they should subpoena, what they should – what they – so there are – there is interest in fact diving into what actually happened fraud-wise.
00:32:58.760And my biggest concern I told this person was that maybe there would be destruction of documents.
00:33:08.960There were going to be people that were involved in this thing that are gone now, political appointees, people that served in all of the agency of DHS, at the State Department, the Domestic Policy Council, maybe the NSC.
00:33:59.860And Tulsi Gabbard, I think, said today at the cabinet meeting.
00:34:03.500They have evidence at DNI of actually – and Lindell is going to be up here because he's skipping around lighting his hair on fire because I'm not a machine guy.
00:34:10.540I think they stole it with mail-in ballots.
00:34:14.300The machines are too complicated for what they're supposed to be done, and that always gets – that always has me worried of why they're so complicated.
00:34:21.100Tulsi Gabbard, I think, says the day in the cabinet meeting that, yeah, we think we found evidence or we're pursuing evidence of the hacking of the machines.
00:34:29.360And Krebs, he signs an executive order to go off to Krebs.
00:34:32.660I mean do we need and maybe help the president frame for the president to sign an executive order about this, that this has to be investigated?
00:34:40.240I mean first of all, it's a $170 billion tab, folks.
00:34:43.700That used to be the size of the defense budget a decade or so ago.
00:34:47.680I mean that is a number that is just shocking to me, and people in this town are not sitting there going, this is the most outrageous thing I've ever seen.
00:34:54.580We took a system that wasn't perfect, but it worked if you enforced it.
00:34:59.900They systematically took it apart knowing exactly what they had to do, right?
00:35:04.420Then they allowed 10 million people in basically to take low-skilled jobs against African-Americans and Hispanics and also, as we know, try to get – try to gin up new voters.
00:35:15.300And then when they're thrown out and the people throw them out for this topic being like number one, we get the tab, oh, yeah, it's going to take a few years because they took it apart so well.
00:35:28.800If we don't hold people accountable for that, that entire thing, if that doesn't reach treason that you did that and allowed invaders in here, Trump just said, hey, 973,000 are heretofore ready to go back.
00:35:44.080This thing is maddening, and I don't think we show the American people we're serious about this.
00:35:49.500Of course they're going to sit there and go, hey, you guys are just part of the swamp.
00:35:53.760This has to be a high priority, not just the physical removal but also the process of how it happened and who's responsible and who's going to be held accountable and who's going to go to prison.
00:36:04.840Start with Mayorkas and the rest of that crowd that would sit there and smirk through hearing after hearing lie and perjure themselves.
00:36:14.920Yeah, I have to agree with just about everything you said there.
00:36:18.580I mean good governance demands accountability about what happened.
00:36:24.500I've written before that we have to have a – at the very least some kind of a commission that – I know you don't like the idea of commissions.
00:36:31.840But I agree that there needs to be fact-finding about who did what when.
00:36:36.900And there needs to be a backing DOJ, Department of Justice backup for the things that they find for referrals on the interior of the Biden administration.
00:36:50.360These are going to be the political appointee class.
00:36:53.600I've said this many times on your show.
00:36:59.160They came from the migrant advocacy industrial complex, not think tanks.
00:37:05.040They came from those places, and the things that they did benefited their former employees – employers, rather, and future employers.
00:37:14.620So there's a lot to be done there that I don't think that they've – I'm not sure that it's fully appreciated yet in the administration how badly people want justice for what happened, and they deserve justice.
00:37:34.240I might add – and Liz, you're in the gang for getting this to me – but to show you how much the Catholics, the regular people and Catholics that hit in the second collection or something supported the Catholic Charities Refugee Program and Illegal Alien Invasion Program, as soon as the government cut it off, Todd, didn't they announce the other day that after 50 years of doing this, we're out of the business?
00:37:56.880As soon as you cut the government tap on, there wasn't enough money coming from Catholics to support it.
00:38:02.460They basically said they're not in that business anymore.
00:38:04.920This shows you how corrupt these NGOs are.
00:38:07.780These NGOs are like barnacles on a ship.
00:38:09.920We've got to get to the bottom of these NGOs, and then who supported the NGOs, the sources and all those guys.
00:38:14.560They're all part of a vast criminal conspiracy to have an invasion of the United States of America.
00:38:21.700The greatest invasion that's ever happened in our country.
00:38:25.540It came close to destroying the nation.
00:38:28.800We have to – we don't – when the balloon goes up on the CCP, I have people in the new federal – I have people that are Chinese, that are here, Chinese citizens, say, hey, you have no earthly idea what's coming across the border during the Biden years.
00:38:42.240You're totally exposed to fighting-age men, and we know we've got terrorists.
00:38:45.700Your book, your book exposed how many terrorists are coming across.
00:38:49.200I mean your two books back-to-back were kind of the two guns, the two-gun approach to find out what's going on.
00:38:55.760It just maddens me, and I know – realize people have so much to do.
00:38:59.260They're so burdened with what's going on, but this has got to be a top priority.
00:39:02.500We've got to get an executive – I actually think the president ought to assign a special counsel and ought to report directly to him in the White House.
00:39:09.240That will blow up the legal community.
00:39:10.660And this – they ought to impanel a grand jury, and they ought to start going – just ripping on this thing.
00:39:21.840But most definitely – and by the way, one of those border crossers went on to conduct a terror attack, an actual terror attack in Chicago in October, Mauritanian.
00:39:33.840I've got to – I went to Chicago and reported on that, but the point is that, yeah, it's not just the NGOs, but it's their friends that ran the subcontracting bus company and the food vendor company and the hotel brokers that brokered for the hotel rooms.
00:39:51.140And the whole thing up and down that – companies that were created out of thin air because, oh, my God, we've got to get minibuses on this down to Del Rio or whatever, and we're going to pay you.
00:40:06.240I promise you that you would find kickbacks.
00:40:10.140You would find evidence of overcharging and, you know, contract steering and all the usual stuff whenever you have money in that kind of volume.
00:40:22.640Grace Chung just sends me a federal judge breaking news.
00:40:27.600A federal judge is allowing the Trump administration to move forward with their requirement that everyone in the United States illegally must register with the federal government in a move that could have far-reaching repercussions for immigrants across the nation.
00:41:34.340Everybody knows that who does this business on immigration.
00:41:37.720Todd, what is your – where do they get your books, where do they get your writing, where do they get all of it, sir, while we have you, while we're fortunate enough to have you?
00:41:48.620Yeah, I'm on X, Benzman Todd at X, and I have an account at Getter and Truth Social, and my website is ToddBenzman.com.
00:42:01.220I work for the Center for Immigration Studies.
00:42:03.800They're the ones that fund all of my trips, you know, pay my mortgage and that kind of stuff.
00:43:38.580A former CIA, Pentagon, and White House advisor with an unmatched grasp of geopolitics and capital markets.
00:43:45.200Jim predicted Trump's Electoral College victory exactly 312 to 226, down to the actual number itself.
00:43:53.880Now he's issuing a dire warning about April 11th, a moment that could define Trump's presidency in your financial future.
00:44:02.280His latest book, Money GPT, exposes how AI is setting the stage for financial chaos, bank runs at lightning speeds, algorithm-driven crashes, and even threats to national security.
00:44:13.840Right now, War Room members get a free copy of Money GPT when they sign up for Strategic Intelligence.
00:44:20.000This is Jim's flagship financial newsletter, Strategic Intelligence.
00:44:54.600Okay, and a turbulent day, and there are going to be many turbulent days, folks.
00:44:58.800One of the reasons we partnered with Birch Golds four years ago was we kind of saw this financial turbulence coming in Biden and what they did with the balance sheet of the United States.
00:45:07.440It was going to continue, even regardless of what President Trump is doing.
00:47:53.640I don't think this China thing is so much about a trade imbalance as much as it is about an existential struggle with the CCP's authoritarian economic model.
00:48:03.780For years, they've been playing us like suckers, right?
00:48:42.720If that continues, that could create problems domestically.
00:48:46.120So this is a very tough thing to navigate.
00:48:49.620I think President Trump is doing a good job.
00:48:52.780I was excited to see the 90-day pause on the rest of the world's tariffs.
00:48:58.460I think it's diplomacy in action, and I think he's trying to create some togetherness to ultimately deal with the China problem, because ultimately that's the big problem for us.
00:49:10.880But that's why I say you go to a citizen's free press, you get both sides of what's happening.
00:49:15.180You have that, and that's fully engaged.
00:49:17.020But then you look at I think the reason that the tens have been spiking and even some of the rush to gold is the big, beautiful bill.
00:49:23.280President Trump and Besson both have a theory of the case.
00:49:26.360This is your last shot to get a supply-side tax cut and do it, and I got that.
00:50:06.680What is your – how do you talk to people when they come in and you say, hey, it's an all-time high and it's setting an all-time high every couple of days?
00:50:14.600But that's not about it being a hedge.
00:50:16.280It's not about being a store of value.
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