On today's show, Stephen K. Broussen and Dave Bratt discuss President Trump's proposed tax cuts for the middle class and the working class. They also discuss the impact on the economy and the economy as a whole.
00:01:18.000The old school, you know, the, the, the, and we were in a very different financial situation then.
00:01:23.000Dave Bratt, your thoughts as, because you've seen these guys, they're trying to scare up, but there's a lot of people behind the scenes that fully support this.
00:01:32.000First off, the politics of it's a no brainer, but let's leave politics aside because we don't do things for politics.
00:01:37.000When he's talking about finance and economics, if you don't get that right, you can, you know, the politics are irrelevant because it'll catch up with you later.
00:01:46.000The politics of the moment are not important.
00:01:48.000You got to think downrange of what it's actually going to do for the country and for the citizens of the country.
00:01:54.000And the problem is that they don't use the prism of not just America first, but American citizens first, that American citizens should get a preferred deal here.
00:03:37.000And I like your analogy over the past few days, too.
00:03:40.000When you switch the incentives, the CEOs of the Fortune 500 and all the big wigs and the Magnificent Seven have all been fine with goosing up the size of this budget, running $2 trillion deficits, no feedback from them.
00:03:54.000So they've been fine with this aggregate top-down Keynesian planning, not a word against it.
00:04:15.000So now we've got to be the good guys and the tough guys and have character and fight back.
00:04:20.000And just lastly, you mentioned Harvard and all the education establishments.
00:04:25.000We have an infinite list of rights now in this country, right?
00:04:30.000And the World Bank and the United Nations, if you go to the back of their rights that global citizens are entitled to, you will find a list that goes on for 20 pages of the rights that the rest of the world is entitled to on the U.S. account.
00:04:46.000We have to spend our money for their rights with no corresponding responsibilities or ethics or morality coming from them.
00:04:54.000So the American people now get what's going on.
00:05:27.000They actually were because they're so confused.
00:05:29.000You've got a handful of really good folks, but they're a small handful.
00:05:32.000And I don't know how these others get sent back time and time and time again.
00:05:36.000The World Bank, because these are these international institutions set up by the globalists post-war that have worked against the American people.
00:06:46.000Mao, they were killed by the, you know, they're killed by Mao and these communists.
00:06:50.000The, the, the, the, the, the, the, the crassness of this is that every corporation in the world's running over there to be their buddy.
00:06:58.000To be their buddy and rub up on them and make money by exploiting Lao Bai Jing and essentially exploiting the American people.
00:07:05.000At the World Bank, they get to go to the window of a developing nation.
00:07:09.000Last time I looked, their economy is, what, two thirds the size of ours or 80% on one level.
00:07:15.000If you do it on the PPP or the local pricing, it's actually bigger than the United States, Dave Brad.
00:07:20.000How possibly are they still barring at the World Bank as basically a developing nation at near zero interest rates underwritten and funded by the American taxpayer who are being destroyed by the same Chinese Communist Party that happens to be at economic warfare with us?
00:07:40.000Well, all of the thought leaders in our country who are responsible for divine, defining our moral authority, such as the Harvard's or whatever, according to Natalie Winters, are being funded by China.
00:07:57.000All of our corporations are aimed at quarterly profits and they're trading right up to the last minute with China.
00:08:03.000And then all of a sudden they're going to discover, whoops, these are the bad guys in the Congress.
00:08:08.000You mentioned the pigs and the snouts and all that.
00:08:12.000And I had written down prior to you saying that, you know, Orwell and 84 and whatever, and some pigs are created more equal than others, right?
00:08:21.000Some pigs are created more equal than others.
00:08:24.000And the American people have been left behind without rights, without recourse.
00:08:29.000Everyone's more equal than you, the Chinese CCP, right?
00:08:33.000And just by the way, for the liberals and the leftists out there who still support this stuff and the wars and all this, you know, when Trotsky and the Bolsheviks came in, it's just well documented.
00:08:45.000He came in and was a dictator and there was no proletariat of the worker ever, right?
00:08:52.000When these elitist Chinese top-down totalitarians come in, there's no Marxist proletariat of the working class.
00:09:00.000You know, I mean, I would have liked to seen that experiment, what it looked like.
00:09:04.000But it's never come to fruition because every time they come in, they're the dictator.
00:10:47.000They all are doing technology on phones in front of their face.
00:10:50.000The schools, if they do literary stuff, it's literary criticism, making fun of our founders, making fun of the Bible, making fun of Christians, making fun of moral philosophers.
00:11:40.000I predict I predicting going forward, we get to the end of the fiscal year on the first year of our watch.
00:11:48.000And I realize President Trump's only here for nine months.
00:11:50.000But we did make a conscious decision, folks, to take the CR and just kick it down the road because we're going to get to all the cuts in the first budget and then the reconciliation the first time.
00:12:04.000You notice we get you keep getting promised and this kind of gets farther and farther away.
00:12:09.000Well, the ticker is running and now you're going to have the bond market.
00:12:14.000This is why we had this thing with the bond market froze 10 days ago.
00:12:18.000And remember in the morning here on the show live, it's got best and kind of oversaw a an auction of treasuries of 10 years that went OK.
00:12:26.000And Ray Dalio, who's made a fortune over in China with the CCP, so he's no friend of the war room and no friend of MAGA, no friend of Trump, is essentially said, hey, with the way you're running up money and the way you have to finance it, you have a failed treasury auction.
00:13:05.000So they start getting focused on getting their lobbyist here and say, hey, this thing can't go on.
00:13:12.000When people come to me and say, hey, your thing with the tariffs and what President Trump's doing in trade and all this trade war and bringing jobs back and in all this about the big, beautiful bill and what President Trump's trying to do and reorganize.
00:15:17.000The company I trust to help you diversify into physical gold is Birch Gold, the company I buy my gold from.
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00:16:16.000Okay, the President of the United States just had a few words outside the White House, and we are getting it loaded right now, and we're going to show it to you in its entirety.
00:16:25.000Dave Brett, you make a very interesting point to me during the break about the Federal Reserve.
00:16:31.000Can you share your knowledge with the audience, sir?
00:16:37.000I find it interesting and shocking that the Federal Reserve, over the past couple decades, has no problem keeping interest rates low for the Fed.
00:16:46.000The Fed has accommodated $2 trillion deficits per year, over the Biden years.
00:16:53.000They also printed money before Biden's election, coincidentally explained that one to me.
00:17:00.000But they won't validate Trump's America First moves to bring manufacturing jobs back to the American worker.
00:17:09.000So they know what's going on here, right?
00:17:11.000There's a year lag on everything Trump's doing, right?
00:17:14.000Tax cuts, energy, regulation, all those have about a year lag.
00:17:19.000But the tariffs and the trade are in right now.
00:17:21.000So that's why Trump is saying, I want to cut right now.
00:17:24.000Ordinarily, I wouldn't be in favor of a lower interest rate cut.
00:17:26.000But you put all those four moving pieces together, and I do want it.
00:17:30.000And then the Fed the other day has the nerve and the gall to bring up the dual mandate.
00:17:35.000You don't believe in any dual mandate at all, Fed.
00:17:38.000You guys are not for jobs for Main Street and for the American person.
00:17:43.000That was a disgusting comment to say, you know, well, you know, now we're going to have to go up against Trump even more because of our dual mandate, which is, you know, stable prices and jobs, unemployment rate.
00:17:56.000Trump is actually fulfilling the dual mandate, right?
00:18:00.000He's bringing jobs back to Americans and the Fed.
00:18:04.000I hope Trump pushes them to explain themselves on their dual mandate.
00:19:07.000So you can do it, but only for a while.
00:19:09.000This is why the BRICS nation, this is why we started four years ago.
00:19:13.000Do you think it was random that I sat down with Birch and said, hey, I think we've got to talk about, we're going to do a series about the end of the dollar empire.
00:19:22.000That if it happens, hang over a second, we've got President Trump, let's listen to President Trump and Brett and I will come back.
00:26:04.000He's doing a Herculean lift, put some gas on the on the Congress and on the Senate, light them up and tell them all they better put this stuff in statute in law.
00:30:32.000He said he was like this Pollyannish outlook of the World Bank.
00:30:36.000He just he torched the IMF and the World Bank.
00:30:39.000And he said he did in a way, though, by saying these institutions are essential.
00:30:43.000However, they've completely lost their way.
00:30:45.000Like you focus on idiotic things like climate change and social justice wars and has nothing to do.
00:30:49.000If you actually want to help these countries, help developing countries like Africa and others, help them with energy like that's what they need.
00:30:56.000They need access to water and access to energy.
00:30:59.000And he just laid it out in a great, great way.
00:31:01.000And it was setting the tone for, you know, the IMF meeting is starting this week in D.C.
00:31:05.000And so he really set the tone for how those discussions should go.
00:31:09.000And so I love the way he led with strength.
00:31:12.000And he even said, you know, America first is not America alone, which he is right in that.
00:31:16.000I mean, we're the head of the global economy, but everyone needs to follow our lead, not the other way around.
00:31:20.000And he came down hard on Germany, too, and said President Trump has done more to force Germany to start spending their money again and helping out the EU in different ways.
00:31:30.000It just reminds me, he said, it's a room of economists in there and then journalists.
00:31:52.000And folks remember back in that huge fight in Mar-a-Lago before the his confirmation went great because there was nobody on the nobody on the committee ever going to try to question him.
00:32:02.000It was it was the fight between Lutnik and Besson.
00:32:05.000If we had had Lutnik, it had been an unmitigated, absolute disaster.
00:32:09.000The Trump administration, the second term would be over right now.
00:32:44.000And he was saying like he's he's being smart and how he's approaching China, I think.
00:32:48.000And with his words, too, he's being strong against them, but also recognizing that we do where China's been preparing for this trade war for 10 years.
00:32:55.000I mean, they've been restructuring their entire economy in preparation for this.
00:32:59.000And so as we head to the table right now to negotiate with one hundred and seventy countries in 90 days, we need to be mindful of the fact that like China has been hedging their bets, preparing for for this.
00:33:10.000And they threaten retaliation against everybody.
00:33:41.000They've told they understand these deals have a thing that the center of gravity is with the United States of America in a free trading system, not a mercantilist trading system.
00:34:03.000And so as we move into this new AI world, which is going to be taking over manufacturing, you have to ask yourself, what is the Chinese economy going to look like as AI begins to take over?
00:34:11.000And so they certainly have the energy there to be able to power these data farms and different things.
00:34:16.000What are they going to do with the human capital, the people that they have?
00:34:19.000And so China is going to have to deal with that.
00:34:21.000Besson's been talking about that for a long time as well.
00:34:24.000But, you know, China always is playing a long game here.
00:34:54.000But they also have the reality of China being their neighbor and that the majority of their exports, you know, are between the US and China.
00:35:01.000China and China is going all in on Southeast Asia.
00:35:04.000I mean, they President Xi came into Vietnam.
00:35:18.000And they come in with bags and bags of cash and basically buy up all of their infrastructure in these countries.
00:35:23.000And then what happens is when you buy up all the infrastructure in the countries, you can kind of you own those countries when you do that, when you buy up their ports, their rare earth minerals, their LNG.
00:35:32.000And so we need to be leaning in more on these communities, making sure that they know that we have their back and that they're not just going to be left to China because China is a terrible business partner for them.
00:36:56.000Now, how big is the donor class going to revolt against that man?
00:37:00.000I mean, this is what best has been talking about.
00:37:02.000Wall Street has had a very good run of it.
00:37:04.000They've done very well for a long time, but it is Main Street's turn.
00:37:06.000And so President Trump, the Wall Street guys have never really fully backed President Trump.
00:37:11.000They come in once he actually wins, then they start showing up for the inauguration.
00:37:15.000They give money to buy their way back in.
00:37:17.000They go to Mar-a-Lago after November 5th and you're down and you come to all the balls and you're sitting around greasing up and hiring lobbyists.
00:38:32.000But how many are prepared to step forward?
00:38:33.000Well, on Capitol Hill, I would say, especially if you look at people who are on like the Appropriations Committee,
00:38:37.000Financial Services, people that determine this, they are disproportionately funded by Wall Street.
00:38:41.000So they have much less of a backbone than what President Trump has, particularly within the Republican Party, too.
00:38:46.000And then you have people like Elizabeth Warren, who claims to be for the people, even though she's actually bought off by the big banks, probably worse than anyone else.
00:38:55.000So I think that you're if the Republicans were smart on Capitol Hill, they would understand what you've been talking about for a long time,
00:39:01.000what President Trump talks about, which is the populist movement, which used to be what the Democrats owned.
00:39:05.000And so force the Democrats have to be the ones to fight for the donor class in Wall Street and actually be lock and step with President Trump here is fighting for Main Street.
00:39:14.000So you see the Geo Street strategic and also the economic and you see it from the eyes of the donors because you spend so much time with these guys.
00:39:22.000There's a growing frustration in this audience every day of a sense of urgency.
00:39:28.000They see other things being worked on and progress being made.
00:39:32.000Obviously, you're getting chopped up and in the in the courts are trying to slow you down because to delays to deny.
00:39:38.000But the one thing they feel that we do have the the the the the power to control is taking down the deep state, not to a doge defunding effort, waste, fraud and abuse,
00:39:50.000but actually going after the deep state and everything is done to try to shut this movement down, to try to shut President Trump down, etc.
00:39:57.000And they don't see the sense of urgency, whether it's in in the CIA and DNI for restructuring intelligence, whether it's in DOJ for investigation.
00:40:05.000One thing that happened, Klaus Schwab, you know, all sudden the day the pope dies, it's announced he's stepping down immediately in perpetuity forever.
00:40:13.000The chairmanship of the of the of the World Economic Forum.
00:40:17.000And it's announced immediately the board is investigating him for, you know, fraud and all these other things, you know, money laundering, fraud, etc.
00:40:25.000And the comments in the chat room are in the chat.
00:40:29.000Hey, how is the board of the WF investigating Klaus Schwab before the Justice Department is right that we're just we're not moving off the diamond that your thoughts?
00:40:39.000Well, Klaus Schwab actually announced it was about 10 days ago, I think, is when he announced that he was stepping down.
00:40:43.000And of course, the media doesn't want it. So they asked no questions.
00:40:46.000They just thought, oh, he's old. He's just going away.
00:40:48.000And I thought, yeah, right. That guy was going to hold on to power until he died.
00:40:51.000And so then they announced that there was the investigation, of course, when the pope died to bury it on that day.
00:40:57.000Now, I agree. I want to see more, I guess, aggression out of the DOJ, certainly here.
00:41:03.000I think the Klaus Schwab investigation is going to be fascinating.
00:41:06.000But if we just leave it to our international partners, I know, but that's just that's just one example.
00:41:12.000What about everything else DOJ and the FBI should be doing? Right.
00:41:15.000Well, I you know, I'm the biggest Cash Patel fan that you'll ever meet.
00:41:18.000And I think Cash is, you know, we have to remember that these people took a little bit to be able to get confirmed to get in there.
00:41:23.000And so he is doing a very, very good job.
00:41:25.000I'm going to give him a little bit more time and space to kind of see what's what's going to happen here with what he is doing.
00:41:30.000But do you think Tom Fenton is being too harsh?
00:41:35.000Look, Bongino, Bongino and Cash, people revere these guys.
00:41:39.000I mean, the fight that we had for Cash to even get him.
00:41:42.000That was harder than Besson to get Cash Patel selected, then to getting confirmed.
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00:48:59.000Well, I do think the House is going to be much trickier, but they need to be fighters and actually, you know, stand up for things.
00:49:05.000And as you just mentioned, if they take, Hakeem Jeffery is saying, if they take back the House, they're immediately going to start calling for investigations.
00:49:11.000Well, we currently have the House, so why aren't we calling for investigations?
00:49:14.000And so I think that our, you know, House leadership needs to stand for much more than they are.
00:49:19.000They need to get much more aggressive.
00:49:21.000And also, but if the Democrats are going to take the posture over the next year and a half of just defending, you know, Venezuelan gang members, then I fail to see how they'll be able to win elections.
00:49:30.000And they are still searching kind of for their soul and their leadership.
00:52:59.000A former CIA, Pentagon and White House advisor with an unmatched grasp of geopolitics and capital markets.
00:53:06.000Jim predicted Trump's Electoral College victory exactly 312 to 226 down to the actual number itself.
00:53:15.000Now he's issuing a dire warning about April 11th, a moment that could define Trump's presidency in your financial future.
00:53:22.000His 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.
00:53:34.000Right now, War Room members get a free copy of Money GPT when they sign up for Strategic Intelligence.
00:53:41.000This is Jim's flagship financial newsletter, Strategic Intelligence.
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