Lindell TV's Cara Castronova joins Alex Blumberg to discuss the new media outlets getting access to the White House briefing room and why they should be given a seat at the table. Plus, a look at the new book, Project 2025.
00:02:12.360And he lays out in the plan exactly how to use the executive branch.
00:02:15.160He thought very closely about how, for example, OMB could become not so much a managerial center, but a place that forces the agencies to do exactly what the president wants.
00:02:24.180And what the president wants seems to be exactly what Project 2025 wants.
00:02:27.920But all these people, these architects of Project 2025, I want to go back to this gap you were talking about.
00:06:54.200Yes, I'm definitely a supporter of President Trump.
00:06:57.740So will you be able to hold him to account then?
00:06:59.860I will be able to hold 100% him to account.
00:07:03.880You know, there's, I'm sure things that will happen that I disagree with.
00:07:07.180And I have said plenty of times, you know, on the record when I've disagreed with his decisions.
00:07:11.340What do you think so far in this administration you've disagreed with?
00:07:14.480I'm not going to, let me put some thought into that for a second.
00:07:19.560I'm just overwhelmed, like just overwhelmed with how well I perceive things to be going.
00:07:25.740But to the people, and I'm sure you see this online every single day, who say you don't deserve to be here because you're not a real journalist.
00:07:51.040The chair of the White House Correspondents Association, a group that has represented White House reporters for more than a century, recently wrote,
00:07:59.460For the public to get information it needs to understand and make decisions about the most powerful office in the world,
00:08:05.180it needs news produced by experienced professional journalists who ask tough questions and produce fair...
00:08:11.36040% of Americans don't trust mainstream media.
00:08:16.520Listen, we are seeing a huge loss in trust of all of our institutions.
00:08:20.400It's the media, it's medicine, it's banking.
00:08:24.280It's a huge problem because when you think about democracy and all of these pillars, they need to stand tall, they need to stand strong.
00:08:32.040And sort of losing that trust is not by accident, it's by design.
00:08:38.540If you remember when President Trump was running the first time, Steve Bannon once said,
00:08:42.460the goal is to blow the whole thing up.
00:08:44.740And so I think that you've got mistakes made or things starting to slip while at the same time there's a concerted effort to destroy the media.
00:08:54.340Because the media, the news media is, in my opinion, the last light of defense of holding power accountable, right?
00:09:03.660And you had a bit of a perfect storm, right?
00:09:05.820President Trump won and tons of people were shocked or angry or frustrated and they're tuning out.
00:09:11.000And at the same time, you have the Elon Musk media machine because they want you to leave traditional media and they want you to go to X,
00:09:19.040which is a bastion of misinformation where there is no fact checking.
00:09:23.220So it's a perfect storm of people saying, I'm angry, I'm frustrated, I'm tuning out, I'm disconnecting.
00:11:18.120And I really want to thank the team for doing a great cut there.
00:11:21.160The heart of the matter is Stephanie Rule on our show last night talking about Project 2025 and, of course, Russ Vogt.
00:11:28.080Russ is obviously one of the key players.
00:11:30.820I think he and Besant formed the interconnected both managing of the federal government and trying to deconstruct this and really get cost out programmatically and do it thoroughly and make sure we get this thing down, along with Scott being the head of the – really the negotiations for the deals, which traditionally would fall to commerce but has fallen to treasury.
00:11:53.480I think people can understand why, Scott, safe pair of hands, very steady eddy, you know, calming the capital markets down.
00:12:01.880Yesterday, President Trump put out – they said, hey, the 125, 145 percent may be too high and we're going to try to, you know, work through this with the Chinese.
00:12:12.740The Chinese have already reached out at the ministerial level to try to see what's doable.
00:12:18.720Scott Besant right now is over at IMF and he is addressing – and this is the International Monetary Fund.
00:12:28.400They're the ones who just downgraded the United States yesterday on growth, I think, from 2.5 percent of GDP growth this year to 1.8.
00:13:04.940Remember, this is much deeper than the stock market or the bond market or the bond market gets a vote because we're so leveraged, I might say.
00:13:15.120But Scott Besant's over there talking.
00:13:17.100I think he just mentioned a moment ago – I'm going to come to it after break, right?
00:13:21.200Or can we – we're not going to blow – we can blow the break?
00:13:25.220Let's go to Scott Besant, secretary of treasurer over at IMF right now.
00:13:28.800Let's cut to – let's cut over there.
00:13:30.320In its mission of promoting global monetary cooperation and financial stability, now it devotes disproportionate time and resources to work on climate change, gender, and social issues.
00:13:44.960These issues are not the IMF's mission.
00:13:48.640And the IMF's focus in these areas is crowding out its work on critical macroeconomic issues.
00:13:56.600The IMF must be a brutal truth-teller and not just to some members.
00:14:03.460Today, IMF – the IMF has been whistling past the graveyard.
00:14:09.900Its 2024 external sector report was entitled, Imbalances Receding.
00:14:15.720This Pollyannish outlook is symptomatic of an institution more dedicated to preserving the status quo than answering the hard questions.
00:14:26.600Here in the United States, we know we need to get our fiscal house in order.
00:14:32.800The last administration ran up the largest peacetime deficit in our nation's history.
00:14:39.400The current administration is committed to fixing this.
00:14:43.380We are open to critique, but we will not abide the IMF failing to critique the countries that most need it, principally surplus countries.
00:14:55.160In line with its core mandate, the IMF needs to call out countries like China that have pursued globally distorted policies and opaque currency practices for many decades.
00:15:06.660I also expect the IMF to call out unsustainable lending practices by certain creditor countries.
00:15:13.660The IMF should push more proactively official bilateral lenders to come to the table early to work with borrower countries to minimize periods of debt distress.
00:15:29.840The IMF must refocus its lending on addressing balance of payment problems, and its lending should be temporary.
00:15:38.600When done responsibly, IMF lending is at the very core of its contribution to the global economy.
00:15:47.580When markets fail, the IMF steps in and makes resources available.
00:15:53.940In exchange, countries implement economic reforms to resolve their balance of payments issues and support economic growth.
00:16:02.560The reforms undertaken during these programs are some of the IMF's most important contributions to a strong, sustainable, and balanced global economy.
00:16:19.860I was in Argentina earlier this month to demonstrate the United States' support for the IMF efforts to help the country reset financially.
00:16:30.700Argentina deserves the IMF's support because the country is making real progress toward meeting financial benchmarks, but not every country is so deserving.
00:16:43.520The IMF must hold countries accountable for implementing economic reforms, and sometimes, sometimes, the IMF needs to say no.
00:16:53.540The organization has no obligation to lend to countries that fail to implement reforms.
00:17:01.480Economic stability and growth should be the markers of the IMF's success, not how much money the institution lends out.
00:17:14.160Like the IMF, the World Bank must be made fit for purpose again.
00:17:19.500The World Bank group helps developing countries grow their economies, reduce poverty, increase private investment support, private sector job creation, and reduce dependence on foreign aid.
00:17:34.540It offers transparent and affordable long-term financing for countries to invest in their own development priorities.
00:17:42.820The bank, along with the fund, provides extensive technical support to promote debt sustainability among low-income countries, which empowers those countries to stand up to coercive and opaque lending terms from other creditors.
00:18:01.400These core functions of the World Bank complement the Trump administration's efforts to foster safer, stronger, and more prosperous economies in the United States and the world.
00:18:15.100But the bank, like the IMF, has strayed in certain respects from its initial mission.
00:18:21.440The bank should no longer expect blank checks for vapid, buzzword-centric marketing accompanied by half-hearted commitments to reform.
00:18:31.840As the bank returns to its core mission, it must use its resources as efficiently and effectively as possible.
00:18:40.200And it must do so in ways that demonstrate tangible values for all member countries.
00:18:46.560The bank can use its resources more efficiently now by focusing on increasing energy access.
00:18:54.800Business leaders the world over identify unreliable power supply as one of the primary impediments to investment.
00:19:03.460The World Bank and African Development Bank's Joint Mission 300 initiative to expand energy access to 300 million more people in Africa is a welcome effort.
00:19:17.380But the World Bank must respond to countries' energy priorities and needs.
00:19:22.860By the way, we finance IMF and he's over at one of these international economics institutes talking about the IMF and the World Bank.
00:19:32.180Those are not familiar with the lingo.
00:19:37.600He's saying because the IMF just downgraded the United States yesterday on President Trump's watch about his business plan or his economic model from growth of 2.5 percent down to growth of 1.8.
00:19:51.240I'm going to get all into this because this is tied to the – and if Grace and Moe can start putting up all the articles about the tax cuts because this is being misreported by the conservative media and the Republican media.
00:20:08.160They're saying, oh, massive tax hikes for the wealth.
00:20:10.680No, it's about massive tax cuts for working class and middle class people.
00:20:16.980You extend the Trump tax cuts permanently for that group, those brackets, plus no tax on tips, no tax on overtime, and no tax on Social Security.
00:20:31.560And it's indirectly linked back to the growth rate because the growth of the economy is the denominator that kind of marks how much tax revenue one is going to get from both corporations and from individuals.
00:20:44.340And this is my point, and no one can refute it because it's mathematics and it's not refutable, is the math does not work unless you don't – we're not raising taxes.
00:20:59.600What you're doing is not extending the tax cuts for the upper bracket or if President Trump wants it, $1 million to 40 percent.
00:21:35.760Let's go to St. Peter's right there out front, our own Ben Harnwell.
00:21:42.520Ben, you called it the other day, and one of the TV networks actually was truthful last night when they had a live – I guess it's the streaming service of Catholic TV,
00:21:54.300which kind of streams a lot of footage and a lot of what's going on in the Vatican.
00:21:59.560And they said, hey, it's pretty obvious that this rosary for the pope, there's not many people in attendance.
00:22:09.520Well, of course, in a certain point of view, there's a need for Catholics to be praying right now because the prayers have already worked their efficacy.
00:22:20.040The latest news today, this morning, is that the remains, the corpse of, inverted commas, Pope Francis, have been transferred from Casa Santa Marta,
00:22:32.320which is his private hotel where he lived, to the Vatican.
00:22:35.920And they've been – they're open there for the public for three days.
00:22:39.840Today, tomorrow and Friday, the public can pay their respect.
00:22:43.880But that's why you can see behind me there are so many more people in the piazza than in the first two days.
00:22:50.440Because if you're a tourist here in Rome, then obviously the first thing you're going to want to do is go and see how can I put this Rome's number one celebrity.
00:23:03.080That's the latest, and I'll be keeping the woman posse updated day by day on the development set.
00:23:08.220But there is something that I saw this morning, and we discussed it lightly before the show, because this is really, I think, a great tribute to the power of the warring audience.
00:23:18.820And that is, at this moment in time, the Financial Times, one of the most sedate newspapers in the world, carries an article, and I'll put this out on my feed.
00:23:27.420And inside, it's called, The MAGA Catholics Trying to Take Back Control of the Church.
00:23:37.960It mentions in passing you and Vice President France as being the most celebrated MAGA Catholic.
00:23:44.340The point I actually want to draw the posse's attention to, however, is the last paragraph, the very bottom,
00:23:50.140which mentions an interesting fact that of 10 U.S. cardinals that are eligible to vote in this conflict,
00:23:57.820that is to say, that are under 80s old, six of them have been appointed by Pope Francis and will presumably carry forth his own views and philosophy into the next conflict.
00:24:09.400The reason I say, Steve, I think this is important, is because one of the great shits of this, of Pope Francis, of Pope Bergoglio,
00:24:18.080was that he wanted, he said so many times, he wanted the Catholic Church, the priest, to have the smell of the cloth,
00:24:26.240to have a beautiful expression, but pretty much betrayed by him, first edition.
00:24:32.480What he's saying is the Catholic Church should be close to the people that it serves.
00:46:45.580A former CIA, Pentagon, and White House advisor with an unmatched grasp of geopolitics and capital markets.
00:46:52.200Jim predicted Trump's Electoral College victory exactly 312 to 226, down to the actual number itself.
00:47:00.860Now he's issuing a dire warning about April 11th, a moment that could define Trump's presidency in your financial future.
00:47:09.260His 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.
00:47:20.820Right now, war room members get a free copy of Money GPT when they sign up for Strategic Intelligence.
00:47:26.980This is Jim's flagship financial newsletter, Strategic Intelligence.
00:49:50.460Are you not Edmund Burke's little platoons?
00:49:53.900Have you not done everything up through the system, supporting the system, patriotic?
00:49:59.380You don't need some phony commercial by some global corporation that's got the American flag waving and a couple of cowboys and some girls going square dancing for your patriotism.
00:50:11.660It's your sons and daughters on those carrier battle groups in the Red Seas.
00:50:14.800It's your kids that have walked patrolling the Hindu Kush.
00:50:17.620It's your kids that are with the 101st Airborne 4 deployed to Romania, of all places, on the border of Ukraine.
00:50:28.940You coach the little leagues and, you know, work at the Lions Club and do your lunches and, you know, build the community.
00:50:37.180As Burke said, that's what the system's based upon.
00:50:40.680Again, this is a massive tax cut for you, extension permanently to Trump tax cuts of 2017 for the working class and middle class, and in addition, additional big tax cuts.
00:50:52.020No tax on tips, no tax on overtime, and no tax on Social Security.
00:50:56.440For a starter, when you do the math of the spending, and remember, if the elites don't like their taxes being raised, then guess what?
00:51:05.440Get your running dog lobbyists in this town to start working on some cuts, not all the time, me, me, me, me, me, because the one thing President Trump is showing by going after the law firms and going after the universities, they're all pigs with their snouts in the trough.
00:51:23.220Hey, Harvard, go do whatever the hell you want to.
00:51:38.560You know, University of Pennsylvania, Columbia, and Michigan, and Wisconsin out there, which they got to go to, because that to me is where the real problem is, not simply the Ivies.
00:51:55.120These faculties and these administrators, until it's not, with Trump, you got, now's the time to set things right.
00:52:05.100And this is why the frustration of folks, I understand, over DOJ, we're frustrated DOJ and FBI and others, not enough, not enough investigations, not enough people being walked out, not enough people, grand juries in front of grand juries, you're not breaking up the deep state fast enough.
00:52:20.620But right now, what's before us right now is going to be the big, beautiful bill.
00:52:27.760And the bond market is going to get a vote.
00:52:53.920You're narrowing and narrowing and narrowing.
00:52:57.640And both the radical Democrats are the worst.
00:53:01.000They want open borders and unlimited spending and don't care, and they run around like children.
00:53:06.080But the controlled opposition of the Republican Party, the people now defending the elites from paying up or at least paying a little bit more, are the ones that went along and got tapped along the entire time on this spending and supported the wars in the Middle East and supported a whole lot more.
00:53:25.240So the day of reckoning is here, folks.
00:53:29.440The simple math is unless you raise the taxes at the upper bracket, the math doesn't work.
00:53:35.320The math ain't that great with doing that.
00:53:40.620And so anybody who wants to show me the comeback with some math and, you know, what they're going to say is like what Elon said was going to be a 5% growth rate.
00:53:48.480Well, Elon said a lot of stuff that none of it's turned out to be accurate.
00:54:52.960We try to learn you up here about why gold is a hedge.
00:54:56.060If you learn that in the end of the dollar empire, it's now taught in college-level finance classes because it's quite simply pretty accessible.
00:55:04.380Go to birchgold.com slash end of the dollar or slash ban and end of the dollar empire.