Episode 4456： Trump's FCC Stopping CCP Involvement In 5G; Ed Martin the Blunt Force Instrument To The Left
Episode Stats
Summary
Non-farm payrolls hit a revised 177,000 in April, beating expectations, and the unemployment rate remained at 4.2%. The labor participation rate hit an all-time low of 62.6% and the underemployment rate hit a record low of 7.8%.
Transcript
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Very important, but is this going to include Liberation Day movement? And here we go.
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The job, job, jobs report for April hitting the wires. Non-farm payrolls, a greater 177,000.
00:00:13.980
We're expecting, as Joe pointed out, 133,000. 177,000 would be the second best of the year
00:00:21.520
outside of what's in the rearview mirror, which was 228,000. That becomes 185,000
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because the two-month adjustment is minus 58,000. Now, let's go to you three. The unemployment rate
00:00:36.460
remains at 4.2%. Let's look at the average hourly earnings on a month-over-month basis. Expect it up
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three-tenths comes in light, up two-tenths of a percent, equally in February to find a smaller
00:00:50.860
number. You have to go all the way back to August of 23. Now, let's look at earnings on a year-over-year
00:00:57.740
basis. Also one-tenth light, 3.8. We're looking for 3.9. 3.8 equals the rearview mirror. And if we
00:01:06.480
look at the work week, the hours worked, all employees, 34.3. That's good news. We upticked
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it one tick based on what we were expecting, which was 34.2. But the revision, I was looking at the
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rearview mirror, 34.2, where we gained a tenth on this reading. But last month, it was revised to
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34.3. And, you know, we've had a lot of 34.3s in 24. To find a higher work week, you're going back
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to January of 23 when it jumped up to 34.6. Now, let's look at the U6. This, excuse me, labor force
00:01:42.700
participation rate. This is very key. And it kicked up again. This is really good news. 62.6,
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a tenth better than both windshield and rearview mirror. 62.6 would equal the best read of the year
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to find a higher read. You're in November of last year. And I'm sorry, September. Let's make that
00:02:01.540
separate last year. Finally, drum roll, please, Joe and the gang, U6 or the underemployment rate
00:02:07.700
comes in at 7.8. That is one-tenth lighter than 7.9 in the rearview mirror. So that also is indeed
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good news. You can see the market's yields are going up, Joe, selling treasuries. That is basically
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a verification that the report's a little stronger than expected. And the pre-opening equities seem
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to like the trade as well, moving higher. And just to point out, we broke some streaks of lower closing
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yields yesterday in both twos and tens. Back to you. I think it's important to look at them
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carefully because I think we're starting to sort of get a little hyperbolic saying we're going to
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have a depression. As you guys point out, we're going to end up probably with maybe not a recession,
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but certainly slower growth than we could otherwise have, in part because the economy is so strong
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going in. So while it isn't good, I think we're starting to see that this might not be, you know,
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horrible, but just not all it could be. Look, it's good news. It's impossible to say
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it's not good news. The real question is what comes next and what are we really going to see
00:03:08.840
next month and the month after? I think that's really the fundamental question. It's not to
00:03:13.820
dismiss this number. It's important to see that actually things have held up perhaps better than
00:03:19.300
some people had expected. But the question is now that this tariff piece is starting to really start
00:03:25.200
to move through the economy, what's that going to look like? It also, to some degree, alleviates some
00:03:31.380
of the pressure on Jay Powell and the Federal Reserve, despite the president saying over and
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over again that Jay Powell should have been lowering interest rates because the economy needs
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the juice. This would suggest actually that things are holding up. By the way, I should mention
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President Trump just out on Truth Social within the last couple of minutes, again saying, look at all
00:03:54.300
of these numbers and asking the Fed for lower interest rates. One thing that's worth noting,
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though, is you look at bonds, for example. Treasuries have come down. Gas has come down.
00:04:06.080
Those are either indicate either they're indicators that people expect a recession is coming and that
00:04:13.520
the reason why gas prices are down is because we have a potential demand problem or something else is
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going on. So we're going to have to see all that play out again. I think that's still a month or two
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away before we can really take a true measure of all this. You know what? I missed something, Joe. I
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missed when there was certainty and everybody knew where interest rates were going. How did I miss
00:04:32.940
that chapter, actually? I find this hysterical. I just did a big Wells Fargo event and all these
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big institutions were, of course, talking about, you know, interest rates are different than
00:04:43.760
equities. We're always a little nervous to, you know, put our face on where interest rates are going
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to be. Now, all of a sudden, we inject this tariff uncertainty and pre-tariff uncertainty.
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Everybody knew everything about markets. Listen, there's risks in markets. I find it so fascinating.
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The UK market's been up, what, 14 days in a row. Our stock markets have been green a lot lately.
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And yet, that's all we do is continue to talk about how everything green is turning brown, how we've
00:05:10.420
gone from spring to fall. The key in the conversation so far is man-made, man-made. This is not an
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exogenous shock. Can't treat it that way. And how it all turns out, no matter if it was a good thing,
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a bad thing, a mistake, I don't care about that. I'm a market guy. And the markets are looking past
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the rhetoric. And the fact that it's man-made means it's going to end differently. And it's very
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difficult to model. This is the primal scream of a dying regime. Pray for our enemies. Because
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we're going medieval on these people. I got a free shot at all these networks lying about the people.
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The people have had a belly full of it. I know you don't like hearing that. I know you try 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 Friday, 2 May in the year of our Lord, 2025. What a week. Another epic week. And of course,
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the engine room informs me that the business media has an antibody that they cannot accept.
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Epic, great news on the face of it, even drilling down below it. Rick Santelli there,
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the great Rick Santelli laying out kind of a blowout jobs number. Remember Liberation Day,
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two weeks ago, every screaming headline, it's the worst stock market since the end,
00:07:00.880
since the Great Depression, since Black Thursday. It's the end of the world. The world is ending.
00:07:07.180
Remember all those pundits? Remember all the, these are the business people, not the political
00:07:10.840
people with hair on fire. This is the business, especially the folks that have fiduciary
00:07:15.760
responsibility and kind of judicious and discernment. Attack, attack, attack on everything
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Trump and sound like little children running around. Oh my gosh, we don't have enough toys.
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The toys, there's not enough toys. The immaturity and the lack of seriousness of our elites
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is, uh, is, uh, is shocking. And right there, that is called a great print. Okay. Even the negative
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print the other day on the, uh, on GDP, when you went one level down below the numbers, it's actually
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fairly strong. President Trump is set in motion, the most fundamental reorganization of the world's
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commercial, uh, relationships and patterns as codified by trade deals with non-tariff
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bearers, terrorists, everything, all this complexity. But at fundamental, it's a basic reset for the
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re-industrialization of the greatest country on earth. That would be the United States of America
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and putting America first and putting American citizens first. And right there, of course,
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Andrew Ross Sorkin in the New York times, Hey, you know, Trump just put on true social gasoline below
00:08:26.460
two bucks. Folks, you're rolling up to Memorial day and gasoline is going to be under two bucks.
00:08:31.720
How is that going for helping people in their, in their, in their wallets and with the credit card
00:08:37.240
debt and all the problems they got? How is that? How's that? How's that? How's that about helping
00:08:41.660
them across the board? Just fantastic news tonight. Great news of the United Kingdom last night. The
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reform party is essentially replaced the Tory party or in the process of now actually replacing it blow out
00:08:55.340
local elections for Nigel Farage and team. And Nigel is traveling around the, the countryside in England
00:09:01.900
in this kind of after the aftermath that we're going to get Nigel, try to get Nigel up this afternoon on the
00:09:07.320
afternoon show. I want to go to one of the FCC committee folks, Nathan Simonton, a commissioner of the
00:09:15.940
Federal Communications Commission. Sir, you wrote a great piece with Gavin Wax up in the Daily Caller about
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the re-industrialization of America. Can you, can you walk us through your piece in detail?
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Absolutely. Delighted to have a chance to talk about it. There's probably, there's probably no
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bigger issue in the United States today. So, so industrialization, you know, that's a step forward
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economically. Countries that aren't industrialized, you know, we consider those sort of backward countries
00:09:43.560
that need to develop. The United States is in an interesting position there because a lot of the key
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technologies, in some cases, in some sectors, all of the key technologies that create the modern world,
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that really create the, the modern life that we live, originated in the United States. And yet,
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increasingly, we find ourselves unable to manufacture them. This is, I think, this is an
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over-determined result. There were a lot of factors playing into this, but at the end of the day,
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I think Americans look around and say, you know, they told us it doesn't make sense to make things
00:10:15.160
here anymore. And they're just struggling to comprehend what that means. Does that mean that
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there's a problem with Americans, that they're somehow just not as good? Does it mean that there's,
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that there are just better jobs on offer all over the place? You know, that argument was a little bit
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more plausible the first time I heard it around 91, 92. We've had the more than 30 years of experience
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showing us that very often when the industrial jobs went away, what replaced them were not superior
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service sector jobs. They were, you know, they were gig economy jobs. They were part-time security
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guard jobs. And I think there are a lot of Americans who want to work and want to produce and want to
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contribute to our common prosperity and are just feeling locked out. That's the social side. On the
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technical side, on the technical side, it's also important to reset on China. You can't talk about
00:11:04.080
manufacturing without talking about China, because China is such a huge presence in export
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manufacturing. In some cases, they're the whole game. And what we're seeing here is the image of
00:11:14.000
China, the old image of made in China was cheap toys, trinkets, low quality products that didn't
00:11:20.240
have a buyer on the world market unless it was just on the basis of cheap labor. But China is no longer
00:11:25.200
a cheap labor jurisdiction, or rather, it's a complex mix. You've got people who are definitely doing the
00:11:31.240
cheap labor stuff. China still has hundreds of millions of people that it wants to bring into an
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industrial economy. And if you're a subsistence farmer, then moving up to sewing in a sweatshop is
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definitely a step up. It was when Americans chose to do that in the early 20th century, and it is
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for poor people in China today. But China also has a genuine middle class now, a technically advanced
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middle class, and a highly technically advanced manufacturing sector. Not just manufacturing,
00:11:59.300
but also logistics, the inputs for R&D. The truth is that the synthesis between robotics,
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AI, and advanced wireless networks, particularly 5G, is happening in China in a way that it's not
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yet happening here in the United States. And if we don't gain some ability to act in this space,
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then every other country in the world that wants to modernize is going to modernize on Chinese
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technology, sometimes with full awareness that this means that everything is going back to Beijing.
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Because if they're the only game in town, and we're not on the board, then everyone else who has
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responsibilities for their own economic development and national destiny, they're going to be forced
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to choose with their eyes open. Nathan, and by the way, I'd like to hold you through the break. I know
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you're packed today, one of the commissioners over the FCC, President Trump's appointees. But first,
00:12:49.300
before we go to break, FCC communications, intellectual property. I keep talking to the folks here about it's not
00:12:56.480
simply a $37 trillion in debt. By the way, President Trump put out the budget for FY26. I'm
00:13:02.700
going to get to that in a little bit. And a lot of good news there. You guys are going to like what
00:13:08.240
you hear. Not perfect, but hey, it's not a perfect world. But directionally, it's really strong.
00:13:13.880
Intellectual property. The stealing. I'll tell you what, hang on. I'm going to ask you this and get to it
00:13:18.860
after the break. We have $37 trillion in debt. We're adding a trillion dollars, I don't know,
00:13:24.400
every 100 days or so, or at least before President Trump got here. We have a $25 trillion trade
00:13:30.720
deficit, 18 trillion. That's specifically tied to China since they came on board through the World
00:13:37.980
Trade Organization and Most Favored Nation. And we have about a $25 trillion deficit as far as
00:13:43.960
intellectual property. They've either stolen or forced from American companies in these joint
00:13:48.520
ventures. That intellectual property is the backbone of how China has ripped off the American people.
00:13:55.860
Nathan Simonton is with us from the FCC. We're going to have Jim Rickards to join us. A lot of
00:14:00.340
geopolitics, capital markets, a blowout number today in President Trump's economy. Wall Street is at
00:14:07.020
least up. Things are going good there. Of course, long faces. Andrew Ross Sorkin, the New York Times,
00:14:12.520
Financial Times, the London Wall Street Journal, a cross-eyed. All their predictions, guess what?
00:14:18.840
Not wrong, dead wrong, as usual. Just stick here in the war room. We'll talk to you about
00:14:22.960
capital markets, the global economy, how it ties back here to the United States of America.
00:14:28.320
We have a new birchgold.com. The Rio Reset on July 6th in Rio de Janeiro. We're going to have a full
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birchgold.com slash Ben and talk to Philip Paxman. Short commercial break. Nathan Simonton on the other
00:14:59.720
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Nathan Simington is our guest. Blowout number on Wall Street today about the economic numbers coming out
00:16:23.780
from President Trump. President Trump's put his budget up just as a headline for FYF fiscal year
00:16:31.440
26. It's going to go down. They're cutting the budget $160 billion out of, this is discretionary.
00:16:39.980
Remember, discretionary is essentially $15, $17, $18. President Trump's getting down to, I think,
00:16:46.240
$17, $160 billion cut, all coming from non-defense. We'll get into all of that. They haven't put out the
00:16:52.680
revenue number yet, but at least it's a start. It's a start. You've seen a cut. Hey, you're going
00:16:58.840
to unmask everybody about how real people are in this. Nathan, why did President Donald John Trump
00:17:04.640
select you to be a commissioner and one of the most important regulatory apparatuses we have,
00:17:11.620
the FCC, sir? Well, you know, I know they looked at a lot of people before me. There is a need to get
00:17:18.620
someone appointed in the fall of 2020. And, you know, the press came out and said, we know everyone
00:17:24.680
in telecom. We don't know this guy. I don't think I would have been on any insider shortlist of the
00:17:30.800
top 1,000 people. So it needs some explaining. When the White House called me in as part of the
00:17:35.740
general search for candidates, I didn't come from the telecom policy world. I came from the bond finance
00:17:41.300
side and futures market side of telecom finance. And I came in with an economic thesis. I was saying,
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you know, we need to understand that there are effects on the cellulophone industry and therefore
00:17:54.000
second order effects many places, including industrialization, by the way. We can get into
00:17:59.240
that another time. But there are second order effects from the way that these devices are
00:18:02.640
financed and sold to clients. And it winds up being a subsidy to the manufacturers. And I think that
00:18:07.120
was such an unusual thing to say. And so far from typical talking points that I got more and more
00:18:12.100
interest. So I talked through that. I talked through some free speech stuff. I knew very well
00:18:16.560
the fellow who had written the president's social media petition to the FCC because he was my boss.
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And so, you know, with one thing or another, there were speech issues. There were finance issues.
00:18:28.160
There was, I guess, willingness to do back office, get into details and address the tech side.
00:18:33.320
And then, you know, I immediately wound up in minority. So really, I turned my little team at
00:18:38.180
the FCC into a research unit on a number of these tech integration and future developmental pathway
00:18:43.740
routes. So, you know, I had to roll with the punches when the president didn't take office
00:18:50.220
for a second term in 2021. And the whole time, I've been thinking, what would it look like to tee up
00:18:56.900
for success with a return to power in 2025? And now I think we're finally ready to address some of those
00:19:01.820
big questions that were left hanging last time. So walk us through that, the big questions and
00:19:07.180
how you guys are prepared for this and what you're going to do, because this is absolutely and I want
00:19:10.560
everybody, if Grace and Mo can push out the daily collar piece on the re-industrialization written
00:19:16.620
and co-authored by the great Gavin Wax. What are those issues? And what do you see the issues before
00:19:23.360
us today? You know, I love Gavin, made a lot of waves when I hired him at the FCC. He has just been
00:19:30.360
a firecracker. We've been getting a lot done. So I, you know, I share your perspective on him.
00:19:35.120
As far as the re-industrialization side, like I was saying before, in the Chinese economy,
00:19:40.740
we've seen a fusion between greater uptake of robotics, greater uptake of industrial AI. China
00:19:47.160
has thousands of college programs in that that are a distinct track from computer science. And then
00:19:53.020
that's specifically industrial AI. That's not chatbots. That's machine learning for factory
00:19:57.480
applications in boring but essential areas, like quality control and electronic components.
00:20:02.180
And we've seen a merger of that increasingly with 5G networking. Now, in the United States,
00:20:06.800
of course, we were promised amazing new phone features with 5G. But if you read the 5G spec,
00:20:12.920
starting with 3GPP release 17 in particular, I think that's where it really snapped into place
00:20:17.280
for me. We're on release 18 now. Release 19 is coming up this year. But if you read release 17,
00:20:22.360
it really doesn't look like a cell phone spec to me. It looks like an advanced industrial
00:20:26.900
networking spec that has roots in cell phone technology, but at this point has evolved far
00:20:31.680
beyond them. And that's what we're seeing in terms of Chinese actual deployment of 5G. Not that much
00:20:36.540
consumer, lots in the industrial sector, lots of private networking that is just for running particular
00:20:42.680
factories, medical facilities, logistics facilities, etc. People always assumed that China was going to be
00:20:49.320
late to automate because they had such a large pool of unskilled low-wage labor. Typically,
00:20:54.780
you see automation in an advanced economy when there's a wage replacement possibility,
00:20:58.940
sort of a little bit like how McDonald's has all these kiosks now. And you go in, you order from those,
00:21:03.880
and they don't have to pay as many counterstaff. But what we're seeing in China is that China is
00:21:08.240
front-running this, and their rate of robotics adoption is something like seven times the wage
00:21:12.260
predicted rate. What we're seeing is that with Chinese production lines, it's no longer the sort of
00:21:17.460
circa 2007 image, in many cases, certainly in telecommunications, my field, where you've got
00:21:23.160
the people on the assembly line working with the pots of glue and little screwdrivers to put phones
00:21:28.260
together. We're way, way, way beyond that. I personally ask myself, how can the Chinese put
00:21:34.160
out a really good electric car for $10,000? It's not low wages. There are plenty of low-wage
00:21:39.220
jurisdictions. I'm not seeing $10,000 world-competitive electric cars from them. And China, in fact,
00:21:44.180
became the world's largest auto exporter a couple of years ago. So this is old news at this point,
00:21:48.360
and it should be a wake-up call for our own industry.
00:21:53.660
You know, the war room posse, which is really the tip of the spear of the activist branch or the
00:21:59.080
activist wing of President Trump's movement, a not insignificant part of that
00:22:04.980
cadre, is quite concerned about 5G. They look at 5G as maybe having potential health effects,
00:22:16.000
potential ability, you just walked through, to have type of autocratic control if left to
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nefarious devices or left to nefarious actors, right? What's your overall, is the FCC, have you guys
00:22:29.720
fully thought through 5G and all those implications? And you think that you've done a good job or a job
00:22:37.160
enough to make sure the public fully understands what the strategy is here on the communication side?
00:22:43.760
Yeah. So let's unpack this. So 5G is at its root just a protocol for networking. In the same way that
00:22:51.360
4G was the long-term evolution protocol to bring broadband to mobile devices, 5G is a step beyond
00:22:58.700
that in terms of capacities. So with 5G, you get a number of things that are clear evolution from LTE,
00:23:07.180
which is why your 5G phone seems to act like a regular 4G phone, maybe a little faster most of
00:23:11.960
the time. But in terms of additional capacities that it brings to the table, it can transmit at
00:23:17.100
higher frequencies, which are less penetrant of your body or of, you know, a building or something
00:23:23.780
like that, have shorter ranges, but can transmit higher data volumes. So you've got those higher
00:23:29.700
frequencies. Then you also have ability to put many, many, many more devices on a particular radio, as well as
00:23:38.240
the ability to push more and more network organizing intelligence out to the edge. So could 5G be used to
00:23:43.500
enable tyranny? Absolutely, because it's a better networking protocol than 4G. Is there anything inherent about it that is
00:23:49.740
anti-democratic? Absolutely not. It's just, you could do the same kind of, you know, if you were going to use it for
00:23:55.980
nefarious purposes, you could essentially do the same thing with any cell phone technology, including 4G. You could do
00:24:01.500
anything similar with any powerful wireless networking technology, such as Wi-Fi, assuming you had adequate
00:24:06.920
coverage. So I don't think that people are wrong to be concerned about potential social implications of just increasing
00:24:14.680
networking, uh, capabilities and putting more connectivity and more ability to transmit data
00:24:20.760
everywhere. But I think those are fundamentally social problems, making sure that our institutions
00:24:25.520
aren't going to use those new capabilities in some sort of negative way, the way that they could use any
00:24:31.000
communications capabilities. And it's, it's not something specific to 5G.
00:24:34.920
You know, this audience, uh, just the other day with article three project, Mike Davis, the vice
00:24:41.440
rory in, in war room posse working together with bill blaster and other of our apps that can get,
00:24:46.680
you know, instant access to Congressman. We shut down the judiciary committees, uh, this one agency
00:24:52.140
where they're trying to roll in to really do away with the FTC where the FTC seems to be going after
00:24:57.100
the oligarchs, right? With Facebook and others, just this amazing antitrust team. Can you walk people
00:25:03.520
through how the FCC actually works? Get our audience through. You've been selected by president
00:25:07.460
Trump. You're one of the commissioners. You got a great new chairman. Just take a minute or two and
00:25:12.440
walk, inform the audience, how, how you guys actually work and what you guys actually do.
00:25:19.360
Yeah. Well, president Trump's selection of chairman Carr for chair. So elevating him from the commissioner
00:25:24.640
job he'd prior held was, uh, one of his earliest decisions. I would say that chairman Carr was put up for
00:25:30.540
that position, uh, during the transition faster than probably at least half the cabinet and probably
00:25:35.600
the fastest in history. So this was an enormous vote of confidence by president Trump, which has
00:25:39.680
of course been fully justified. And it's, it's fantastic to work with him. Um, as far as how our
00:25:45.360
structure goes, there are five commission seats. You can only have up to three from a single party.
00:25:50.760
So traditionally it's been that the majority party gets three and those are all Senate confirmed seats.
00:25:56.800
So there's no definite timeline for seating people that's up to the Senate. So the majority party
00:26:00.660
gets three and the minority party gets two. And typically commissioned votes are either going to
00:26:05.480
be on, um, a five, zero basis or on a three, two basis, depending how partisan the issue is. Although
00:26:10.960
there are no rules saying it has to be that way. Now what we do, it's a very broad remit. Uh, we cover
00:26:16.920
transmission of, um, of signal by, by radio or by cable, uh, interstate or internationally.
00:26:24.920
And when you think about the implications of that, that's, that's a huge amount of stuff that's
00:26:29.140
broadcasting. That's also the satellite industry, because those are communications from space to
00:26:33.620
the United States. Um, that's obviously the wireless mobility industry. We have a lot of
00:26:38.680
economic competition stuff in there. There are some ways in which we look at, uh, cable pricing.
00:26:43.900
So, uh, so you put it all together. It's a very broad remit and we're not a very large agency. It's
00:26:49.080
about 1600 people for all those responsibilities. Some, some offices and bureaus are larger, some are
00:26:54.180
smaller, but it's about a hundred people per. Um, so we, I think we do a lot with a little, and then we
00:27:00.180
fund ourselves off of regulatory fees. So in other words, uh, we don't require appropriations from the
00:27:05.500
public, uh, to keep going. The industry pays, uh, for us to oversee them. So, you know, hopefully we're
00:27:10.920
doing a good job of that and they feel they're getting their money's worth. The chair controls the
00:27:14.500
agenda. So in terms of what we actually vote upon at the commission, uh, the chair has the job to
00:27:21.620
develop items to be voted on for regulatory change with the politically appointed heads of the
00:27:27.380
different offices and bureaus, sometimes working, you know, with multiple, uh, offices and bureaus on
00:27:32.100
a project to make sure that we fully covered all of the aspects. We might have the office of economic
00:27:36.900
analysis of economics and analysis. I should say looking at, uh, potential financial implications.
00:27:42.900
We might have the wireline competition bureau looking at, uh, the effects on fiber and cable. We,
00:27:48.980
you know, so there, there, there's a lot of technical back office stuff that we did.
00:27:54.180
Nathan, hang on for one second. I just want to bring you back after a short break and get your,
00:27:57.620
all your social media. So people can start to follow you in depth, short commercial break.
00:28:01.380
Nathan Simonton, uh, joins us, uh, be back in the morning in a moment.
00:28:11.860
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Okay. Um, Nathan, um, before we go to two issues, one is the deep state, uh, or the intelligence apparatus
00:29:52.500
on anything on 5g. And the other is about, um, this whole thing with not just CBS, but these broadcasters
00:29:58.660
and licensing, everything we're hearing about from car, uh, about these people just, you know, attacking, attacking,
00:30:04.660
attacking, attacking president Trump, editing videos, a new thing today about the Kamala Harris, 60 minutes.
00:30:09.780
Uh, and we understand 60 minutes is going to go back after president Trump again on Sunday night. Uh, so any thoughts
00:30:15.300
on this 5g and the intelligence community, sir?
00:30:18.560
Yes, absolutely. So what we saw during the prior administration was, and, and at points before that,
00:30:25.620
but let's focus on the prior administration. So what we saw during, during them was, uh, a use of
00:30:32.020
the, the, the apparatus to understand, map out and influence, uh, social media and online
00:30:37.700
communications that had been developed for other purposes, perhaps, but that were being deployed
00:30:41.860
increasingly domestically. So we had a lot of people within the federal government who had direct
00:30:47.620
plugins to social media companies, or who had, um, who had conventional regular communications with
00:30:52.900
them with strongly worded suggestions about the directions in which those social media companies
00:30:57.780
should take things. The thing is, if you look at the Facebook IPO back in 2012, the killer app for
00:31:03.860
Facebook more than anything else was that it went with you in your pocket. So it was the first kind of
00:31:09.460
form of advertising that really had granular information about customer behavior and customer location.
00:31:15.940
And that's really what made the market salivate when Facebook went public. Um, 5g is obviously
00:31:22.580
increasing connectivity possibilities, increasing bandwidth possibilities. And so plugins in the
00:31:27.620
federal government that are meant to manipulate and direct social media in accordance with, uh,
00:31:32.900
some kind of a federal policy would thus find their hands strengthened even more by 5g. So I think it's
00:31:38.500
important to bring in social controls over, um, over the shaping of public opinion. We're supposed to be a
00:31:44.900
democracy. We're supposed to tell the government what it's supposed to do. It's not supposed to try
00:31:49.220
and, uh, warp our minds in a direction that's favorable to whatever policy, uh, they may think
00:31:55.540
we should be following whether we like it or not. Uh, what about this whole, the battle or at least
00:32:01.300
car, it looks like he threw down immediately against the broadcasters. So is that you're not actually
00:32:07.060
threatening or talking about taking their licenses away, which I don't understand how they get the
00:32:12.260
license and say, they're going to do public good and their news is so slanted, but this is more
00:32:17.220
targeted to the own and operated station groups. Is that what it is? Yeah, that's right. So the FCC
00:32:23.780
doesn't really have jurisdiction to reach any players in the media ecosystem, unless they are in some way
00:32:30.260
using a wireless communications. And that's of course what broadcasting is. So in other words,
00:32:35.540
most people just turn on their TV and they don't necessarily have to think too hard about whether that,
00:32:40.260
uh, whether what they're seeing is coming from their, uh, from a local broadcaster or as part
00:32:45.700
of a network affiliation agreement that their local broadcaster is putting out, but that originated with
00:32:50.660
at the network level, or if it's something else, people are, you know, subscribing to individual
00:32:54.660
specialty TV channels on the direct to consumer basis through the smart TVs. So there are a lot of
00:32:59.380
different things out there in the media ecosystem, but the FCC doesn't regulate most of them. The online
00:33:04.420
content we don't regulate. You know, people ask me, what are you doing about Disney FUBO? And my answer is
00:33:08.740
nothing because I don't have jurisdiction there. So there's, it says communications on the building,
00:33:12.900
but really it should say broadcast communications on the building. That would be more accurate.
00:33:16.820
So with Chairman Carr, um, his focus is on the specific question of whether a broadcast news
00:33:23.940
distortion, which is actionable at the broadcaster level and potentially whether that took place.
00:33:28.740
Uh, both he and I put out statements on that in December and did some interviews on it at the time.
00:33:33.220
Um, I saw what I think is the first well-pleated broadcast news distortion complaint I've ever
00:33:38.340
seen in my career across my desk. Um, uh, and so that seems like that's a predicate to look into
00:33:43.700
the question, but there's no way that the FCC can regulate CBS as a whole. On the other hand,
00:33:49.860
if there were some sort of improper behavior, uh, at the stations that were owned and operated by the
00:33:56.100
CBS network, then the fact that those are broadcasters, uh, does give us jurisdiction to
00:34:01.300
start raising questions about the, uh, public, about the integrity of what was broadcast and whether
00:34:06.740
that's an appropriate use of the airwaves, which are after all the common property of the American
00:34:10.900
people. Great. Nathan, I will tell you the audience loved it, but there, there's still the
00:34:16.260
juries out in the war and posse on the health effects of 5g. We probably gotta get Bobby over here for
00:34:20.900
that. Nathan Simonton, where do people go, uh, on social media to find all your writings and to
00:34:26.420
follow you as you continue to battle for president Trump and the nation, uh, at the federal communications
00:34:33.540
commission, sir? Well, sir, um, you can first of all, go to FCC.gov and on my page there, there's
00:34:41.060
access, uh, to all of my written statements, some of which are pretty technical and didn't turn into
00:34:46.180
press releases. Um, there's also an op-ed tab under me on the FCC's webpage. Um, in addition,
00:34:52.820
I'm at Symington FCC. So, uh, you got it right there. That's my X account, uh, my official X account.
00:34:59.780
I, it's the same handle on, uh, Instagram and on true social. So, uh, if, if anyone's interested in
00:35:06.580
finding out more of what I think about stuff, then that's an easy conduit. Thank you, brother.
00:35:11.540
Appreciate you. Great job. Thank you, sir. Always.
00:35:16.660
You guys want the receipts. Uh, this is the warriors at the front line that are making
00:35:20.500
massive changes. It's just incredible. Uh, Laura Loomer and Laura's out and about today.
00:35:25.860
We're in Toronto area, but Laura Loomer made the front page. God, I love this.
00:35:29.940
Laura Loomer makes the front page of the beloved financial times of London.
00:35:34.740
Trump ditches Waltz after MAGA wrath builds against national security advisor. And the whole
00:35:41.140
story is about Laura Loomer and the expose she did on the people at the national security
00:35:45.140
council and Alex Wong and all of them. It's, uh, we're going to try to get Laura. Do we
00:35:49.460
have time? I got, so another, we're talking about people driving president Trump's agenda,
00:35:56.420
not simply for the MAGA movement, not simply for president Trump, but also for the folks
00:36:00.660
here in the United States of America, all her citizens. Uh, one of the great warriors
00:36:05.300
we have, we talked about a little bit yesterday, Ed Martin, uh, just an incredible guy, uh, Phyllis
00:36:11.860
Schlafly's right hand, uh, Phyllis Schlafly was her endorsement of president Trump was a, uh,
00:36:19.620
an inflection point in the 2015 primary and the 2016 campaign. She's one of the great icons of the
00:36:27.060
conservative movement and absolutely total warrior. And so is Ed Martin, uh, who's her
00:36:32.500
ringman. Ed Martin is now awaiting confirmation as the U S attorney for the district of Columbia.
00:36:37.300
And you understand besides the top people at main justice, this is along with the Southern
00:36:42.420
district of New York, the two most important U S attorneys in the nation. We have a, uh, and there's
00:36:47.460
a full scale war against Ed Martin right now. And why is that? Because Ed Martin is, uh, how do we
00:36:55.300
say setting things, right? Let's go and play this package and I'll come right back. I heard the name
00:37:00.740
Ed Martin. I know there's a lot of people to keep track of in Donald Trump's new administration, but
00:37:06.180
this guy is, I would say a standout. And I don't mean that in a good way. He is the guy that Trump
00:37:12.340
appointed to be the U S attorney for Washington DC. So he's not yet Senate confirmed. Uh, he's,
00:37:18.820
he's an acting right now. He is to my mind, completely unqualified and truly a bit unhinged.
00:37:26.500
One of the things he's doing a lot of since he got into that powerful office, basically day one,
00:37:30.420
as, as the acting U S attorney, not confirmed yet, he's trying to be confirmed is this habit of firing
00:37:36.100
off these menacing letters all over the place. For instance, to medical journals from the new
00:37:42.500
England journal of medicine to the journal of stress tricks and gynecology to chest. That's a
00:37:48.740
scientific journal for chest doctors. If I'm being honest, it's the first time I've ever heard of it
00:37:53.940
in these letters. Martin accuses the journals. This is the U S attorney, acting U S attorney,
00:37:58.500
accusing the journals of bias and demands that they report back to him.
00:38:02.260
This is the kind of thing Ed Martin does. It's sort of his thing. You might recall that he sent
00:38:08.180
a letter apparently only on social media, threatened to chase federal employees to the
00:38:12.180
end of the earth, to hold them accountable for anyone pushing back on Elon Musk's government
00:38:16.820
efficiency. Folks were flooding into agencies with barely any notice. This is someone it would seem to
00:38:24.020
me based on these letters who is under the impression that he's lives in an authoritarian state,
00:38:29.860
not a free country where people with the policing power that he's been vested with,
00:38:33.940
get to just impose their will at any institution whatsoever from, you know, the chest journal to
00:38:40.180
Georgetown law school to Wikipedia. Now the Senate judiciary committee has yet to vote to start
00:38:46.420
Martin's confirmation hearing, but Republican chair Chuck Grassley said today it is not on the agenda
00:38:51.620
because Republicans still have questions as they should. And there is really just a really long
00:38:58.500
list of reasons not to nominate this guy and his other people who are nominated for the position
00:39:03.700
don't already hold it. And so at some level, it's a little speculative. Well, what will they do in
00:39:07.540
the job? In this case, he was named the acting, uh, on day one. And I have to say these letters
00:39:14.420
he's been sending. Here's an, you know, uh, three different medical journals, the journal of chess
00:39:18.820
medicine. I want you to respond to the U S attorney about whether you have bias. Uh, get back to me on
00:39:24.820
that Georgetown law school. You have to tell me how you're instructing your kids. This is Wikipedia.
00:39:29.620
He sent a letter to the nonprofit that runs Wikipedia, accusing the tax exempt organization
00:39:33.220
of allowing foreign actors to manipulate information and spread propaganda to the American
00:39:37.540
public. I mean, I have to say these letters strike me as, as flatly authoritarian as anything
00:39:42.260
we've seen from the Trump administration. And one does have to wonder if he were actually confirmed
00:39:47.140
what he would be doing with the prosecutorial power.
00:39:49.620
I mean, he calls the hundreds of lawyers who work at the U S attorney's office, which is a pretty
00:39:56.900
venerated office of prosecutors, the president's lawyers. Um, and he has openly said that his job is
00:40:04.900
to go out there and attack the critics of the president. I have colleagues in Congress who received
00:40:10.500
threatening letters for, from, uh, Mr. Martin, um, in his first days in office, one of the first things
00:40:16.660
he did was to dismiss cases against his own defendants. That is rather his own clients,
00:40:22.900
people who were criminal defendants in the January six case. He was there on January six
00:40:28.020
and he experienced the events of the day as Mardi Gras. He said in a tweet that he sent out as he
00:40:36.100
observed the mass violence against our police officers, the attempt to storm the Capitol,
00:40:42.020
the storming of the Capitol, and then the attempt to overthrow the election as Mardi Gras. It was a
00:40:46.820
big day of celebration for him. And he has partaken of every form of January six denialism and conspiracy
00:40:53.860
theory out there like the FBI director as well. Okay. So he has the endorsement
00:41:02.820
of Chris Hayes and Jamie Raskin. And what I mean by that is that they hate him. So what does that tell
00:41:08.500
you? He's gotta be great. Whatever they hate is good. And they hate him. And it's a nonstop barrage.
00:41:17.380
And this has nothing to do with Democrats right now. This is the acid test on, are we going to get
00:41:25.700
serious about going after this apparatus, taking it apart brick by brick and getting to the bottom,
00:41:34.020
getting to the bottom of what's going on? Because Ed Martin ain't looking to co-host Fox news shows.
00:41:45.700
This guy's a grinder and a warrior and will not not back down at all. This all goes back to Grassley
00:41:53.540
and to the Senate Judiciary Committee. Number one, when you have these confirmations of US attorneys,
00:42:00.580
we've never had confirmation hearings. I think you have 93, 92, 93 US attorneys, right? And then you
00:42:07.700
have hundreds of attorneys underneath it. But if you had to confirm in a hearing, the US attorneys,
00:42:13.300
you'd never get anybody appointed. It would take forever. They do it all in kind of paperwork.
00:42:18.900
This is all about the Senate Judiciary Committee. And this gets back to the controlled opposition of
00:42:23.940
the Republican Party. There are many, many people that just not moving with urgency
00:42:31.540
and alacrity. And hey, we got to get this done. Let's grind. Let's grind seven days a week. Let's
00:42:38.420
hit it. Let's hit it. Let's hit it. Action, action, action. You have a lot of these people around here
00:42:44.900
just lazy or don't want to do it. Or they're too, you know, they're, they're concerned about Jamie
00:42:49.220
Raskin saying something bad about them. There's their concern and worried about Chris Hayes having
00:42:55.940
a segment of Chris Hayes producers cutting together, you know, footage and having your letters up there
00:43:02.900
where they're attacking you, attacking you and attacking you. They don't like that because
00:43:07.060
they're not courageous. This game is not for the faint of heart. Did they not put and it was
00:43:15.460
it not Matthew Graves in that crowd over as a D.C. U.S. attorney put all the January 6th people in
00:43:20.900
prison? Did they not? Did they not try to put President Trump working with Jack Smith,
00:43:28.500
put President Trump in prison for, I don't know, 300 years? Short commercial break.
00:43:38.420
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00:44:50.340
There are things at Maine Justice that are happening, okay? There are other things happening
00:44:56.900
around town. You get the great Tom Fitton. When you look at the convergence of the crises we are
00:45:03.140
coming to, the budget today was kind of initial, and it's directionally, we're getting there. It's
00:45:09.780
not great, but it's a start, at least from what I've seen in the, you know, the little bit I've
00:45:15.220
seen. We're going to get it all into that. It's clearly not cut enough, but this is part of this,
00:45:20.740
the crises we're coming to now, folks. So plan out for the next 100 days. Let's go to the end of July.
00:45:27.060
Let's go to July 29th, basically, or 30th. So the next 90, 100 days, I guess, be the first week. Let me
00:45:35.060
do some right math. It'll be the first week of August when they all get ready to leave here.
00:45:42.580
You're going to have this constitutional crisis driven by what the judge said yesterday of stepping
00:45:47.140
in between President Trump being commander in chief, number one, the deportations. And they're
00:45:52.180
winning because they're jamming us up on the criminal element, hoping to break our will,
00:45:57.700
because this is all about will, political will. They hope to break our will on the 10 million that
00:46:03.780
have to leave. And you have to do it humanely, of course, but they got to go.
00:46:10.340
That's number one. Number two is, is the one tonight, today, New York Post has got it. I think,
00:46:17.380
you know, Secretary of State Ruby and the guys say, hey, look, we signed the minerals deal,
00:46:22.100
but it looks like we're not making progress. We're kind of going to take a time out,
00:46:25.220
or at least some word to the effect that the Ukraine thing, you guys slug it out,
00:46:29.940
but we're not putting up any more money. So this is the kinetic part of the third world war.
00:46:35.140
And you saw President Trump came out yesterday on the Persians and said, hey,
00:46:38.580
how about this? One hundred percent stopping the oil, all their oil.
00:46:43.300
I would just say in the two and a half billion, a million barrels a day going to the Chinese Communist Party,
00:46:47.380
but blockade it all. Stop it all. So you got that part. Then you had the finance and the
00:46:54.100
economics and how you're going to fund it. So all those are converging over the next hundred days,
00:46:58.980
countries, which is phase two of this, right? To
00:47:11.940
inflection points in the history of the Republic.
00:47:15.620
That's the stakes there on the table. That's the that's the stakes Trump's planned for.
00:47:19.860
He's not doing small things. He's doing the biggest things you could do at the highest level
00:47:25.060
with a sense of urgency. Trump. We did that town hall the other day on News Nation.
00:47:31.860
He's calling in at it from his desk at the restaurant in the Oval Office at eight o'clock at night.
00:47:36.740
And they're talking about it was just after the speech we did live for the tech CEOs.
00:47:41.700
He's saying, hey, I got a bunch of these guys backed up.
00:47:44.660
I'm going to meet with these guys right afterwards. He's going to sit down with these guys again.
00:47:47.540
He's going to work to 10 or 11 o'clock at night, every night, and then be up at five in the morning,
00:47:59.460
That's one of his superpowers is just, you know, energy at a level that you've never seen before.
00:48:05.860
I consider myself a very hard worker. You guys, I do this seven days a week. I can't keep up with him.
00:48:10.740
In fact, on this show, our specialty is to cover this in depth, knowing that we've worked on it for four years, etc.
00:48:19.700
It's so complicated just to keep up with it because it's so much.
00:48:23.860
And he's boom in the opposition. He broke Rachel Maddow. She had a nervous breakdown.
00:48:27.940
She's going back to the she's going back to the barn in Connecticut. She's done, done and dusted.
00:48:33.480
Which gets me back to the other element is the deconstruction of the administrative state in the destruction of the deep state.
00:48:43.820
And this is not getting the priority it needs to get.
00:48:49.480
That's where Ed Martin, Ed Martin's a battering ram. He's a battering ram.
00:48:53.920
When President Trump picked him in the early days, I go, oh, my God, what a brilliant pick for that for that billet and replace Graves, who was so awful.
00:49:04.700
You remember everything that came out of Graves, everything that came out of this U.S. attorney when you have.
00:49:11.780
Because with Rachel Maddow, excuse me, with Rachel Maddow gone.
00:49:18.980
They've got other people, but Hayes is her acolyte.
00:49:26.320
He'll never be Rachel Maddow, but he lays it out.
00:49:40.040
We control the Judiciary Committee and we control the Senate.
00:49:46.920
This has to do, and yesterday you heard Tom Tillis, and my understanding is after you guys carpet bombed Tillis's office, upon further review, he's open.
00:50:00.700
But you've got others on the Judiciary Committee and including the beloved Senator Grassley.
00:50:05.940
So we're going to get organized today and then tomorrow.
00:50:12.720
This is getting ready to go fix bayonets on Ed Martin.
00:50:16.440
We've already done quasi, but they ain't seen nothing but we're prepared to do.
00:50:20.200
Because this is totally within control of yourself.
00:50:23.340
And this gets to the heart of what the problem has been.
00:50:28.660
And that is that the Republican Party is controlled opposition.
00:50:35.840
The number of fighters you've got up there is a handful.
00:50:39.140
Don't let them come back and talk to you about everything they're doing.
00:50:41.940
The number of fighters you have in the House and the Senate, in this House a little bit more, maybe I'm at 25, 30, 35.
00:50:54.860
And they can sit there and they can talk all the MAGA talk they want to talk.
00:51:14.920
If Trump's the big blunt force instrument, this guy's a couple levels down.
00:51:23.000
You got Raskin and Hayes are two smarter guys on the other side as they got.
00:51:28.700
Chris Hayes' show, they do not waste their time.
00:51:31.900
When they get something in the gun sights, they know it's important.
00:51:36.180
And they got brother Ed Martin in the gun sights.
00:51:40.940
Because they understand there's enough cowardice in the Republican Party to blink.
00:51:53.220
And there's still this amazing lack of urgency with this administrative and deep state.
00:52:00.560
I'm going to get into the administrative state and the Doge efforts about how hard it is to penetrate this.
00:52:13.820
And the people like Ed Martin, they're prepared to step into the breach and say, hey, I'm all in.
00:52:39.500
What if he had the brightest mind in the war room delivering critical financial research every month?
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00:53:02.500
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