Episode 4501： The Big Beautiful Bill; Building The Iron Dome
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Summary
In this episode of the podcast, I sit down with Democratic presidential candidate Joe Crowley to talk about his new book, Reckoning, and why we should all be rethinking what it means to be a Democratic Party.
Transcript
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And the warning signs are everywhere. That trip I just took talking to European business
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members. This was a topic of conversation, Joe, that came up repeatedly. Like, what is the health
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of the American economy? Should we now be looking at reweighting our investments out of the United
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States? The American market has been fantastic for investors ever since 2008. It's been booming.
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But there's a real sense around the world now, particularly in Europe, that this is not the
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place to put your money. America is too risky. And the thing that is risky is partly the politics
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are too volatile in the tariffs. But the other thing that is risky is this underlying financial
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irresponsibility. The debt is just out of control. I was talking just a week or two ago about possibly
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not going with the tax cuts for billionaires, which you have Steve Bannon. I mean, this is not AOC
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stuff. This is like Steve Bannon and the hardcore MAGA supporters saying, don't give billionaires tax
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cuts. What are you doing? Don't give a million. Don't give multinational corporations tax cuts.
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And he sort of, you know, for a while he was talking about not doing that, but they're Republicans
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are plowing ahead doing it. In fact, that's the top line coming out of their meeting yesterday.
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They're celebrating. We're going to renew the tax cuts. We're going to the golden age will begin.
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I think the big, beautiful bill is, is I think the conventional wisdom is that it's too big,
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maybe not too beautiful, but too big to fail. And that one way or the other,
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they're going to get something across the line here, at least to get it out of the house. What
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will happen after that is, is another question altogether, because, you know, Joe has been
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raising concerns for a very long time. As has everybody else that we may be at the point now
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where finally the bill comes due for the extraordinary fiscal recklessness that, that the Trump
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administration in its first term and now in its second term, and to some extent, the Biden
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administration in its term in office, we have this, the deficit and debt are both so out of
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control that the possibility, you know, this is what the whole Moody's downgrade is about.
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The world is starting to look at that at America as being not, not, not only, not only a safe,
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not only no longer a safe harbor and looking at the dollar is not only the stable currency for the
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world, but as a giant credit risk. And, and so there's concern about that on the Senate side,
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getting this whole thing across the finish line by 4th of July, which is the plan is not really the
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question. The question is, is it going to get out of the house right now? And remember guys,
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the main policy thing that this bill is going to do is the main thing is just going to extend those,
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those, those Trump tax cuts from the first term. It's really not going to change that much policy
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on the tax side. There are obviously a lot of concerns on the Medicaid side and other places,
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but I think one way or the other, this thing gets through the house. I think actually we were
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further away from a deal because that salt cap increase, I think upset a lot of conservatives.
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Again, the conservatives are pushing for some balancing spending reductions. We actually stopped
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negotiating just before midnight because we actually had a deal that was then pulled off the
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table. So again, this, this, this bill actually got worse overnight. There is no way it passes today.
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And I, I, as I've said all along, we may need a couple of weeks to iron everything out,
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but it's not going anywhere today. There's a lot of talk about reckoning in a lot of different
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places, progressives, movement spaces, uh, democratic party leaders, uh, centrist groups
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like third way, the press, something has, we're not seeing certain things. Uh, how could this happen
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again in America? There's a lot of promise reckoning, reflection, introspection, and six months on,
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I kind of took a survey of, you know, those things. I've, I've been in a lot of those rooms
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over the last six months. And I have to say, this was the reckoning that wasn't, um, reflecting on
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so many of those conversations in public and in private over the last six months. It struck me
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that in so many of these worlds with that promise reckoning, the promise rethinking,
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what should our party be? What should, what is a pro-democracy movement look like? What should
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the press function like? There was kind of a smugness and a defensiveness and I'm, nope,
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What are you saying? Yeah. The democratic establishment.
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So, so start with the democratic party, right? Right. Uh, which should really at the, be at the,
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at the top of the list of what is a profound rethinking of what it means to have a pro-democracy
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party when you're running against that, because someone, you know, frontally going after Medicaid,
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as we were talking about. Um, and you've had no real rethinking. You've had, you know, individual
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leaders reaching out to people saying, what do we do? What do we do? But anybody who's tried to
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change anything, uh, David Hogg, others, the DNC kicked out, they picked a very lackluster chair.
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Uh, I would say the other, you know, you'd look at the progressive movement space where I've also
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spent time, um, no real reckoning there. You know, you have just a continued sense of what
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everything we're doing is perfect. Let's just do, you know, the land acknowledgements and all this
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academic jargony stuff that no one understands that alienates people that don't understand what
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those things are. Um, no reckoning there. Uh, I think you have, you know, uh, leaders, individual
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democratic leaders who have just been completely disappointing to most people watching this, who
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have not stood up, not showed spine. People have raised their voice. It's the thing I hear most from
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people. You haven't had one leadership shuffle. You haven't had one new leader. You haven't had
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anybody say, you know what, I'm not adequate to this moment. Um, and you know, I, this sounds like a
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very negative analysis and it is, but I think what I wanted to call people's attention to is
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there's a risk of becoming Trump-like in opposing Trump. There's a risk in becoming as defensive,
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as smug, as self-certain, as incurious. Incuriosity was sort of the thing I found the most. And all
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these people and institutions who said, we have to, we have to look at ourselves. No one, as far as I
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can tell, ended up really looking at themselves and no one has ended up really saying we need a
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completely different kind of party. We need to report the news differently. We need,
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what does anybody think they need to do differently six months on? Uh, I don't think you stand up for
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democracy with values of, of kind of closeness. Um, and I think the value of curiosity, openness,
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uh, is the only way to beat what, whatever Donald Trump is. So bottom line, you're telling us that,
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you know, for a fact, no way this gets done today. The votes just aren't there.
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That's right. Uh, you know, again, once they made the decision, uh, to not include the deal,
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uh, in, in this, in this package, uh, there are, uh, and it'll be more than 12 to 15 members.
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It's, it's, it's way more than that. Uh, this, as I said, this bill got worse, not better overnight.
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This is the primal scream of a dying regime. Pray for our enemies because we're going medieval on
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these people. You're just not got a free shot. All these networks lying about the people, the people
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have had a belly full of it. I know you don't like hearing that. I know you try to do everything in the
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world to stop that, but you're not going to stop it. It's going to happen. And where do people like
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that go to share the big line? Mega media. I wish in my soul. I wish that any of these people
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had a conscience. Ask yourself, what is my task and what is my purpose? If that answer is to save
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my country, this country will be saved. War Room. Here's your host, Stephen K. Vance.
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It's Wednesday, 21 May, year of our Lord, 2025. Okay. We've got a, it's an amazingly, I guess
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not amazingly, you're used to this. It's jammed, um, on news and analysis and observations this
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morning. So much going on and, uh, we're going to get it all done, but we're going to be have
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to, we're going to juggle. So, uh, and I've got a great list of, uh, guests because there's
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so many things that we got to get out there just besides this bill is a knife fight. Andy
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Harrison, the, uh, and the deficit Hawks, freedom caucus and others, um, you know, overnight,
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the salt thing got a little better for the salt guys, but it looked worse for particularly
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that the increases look worse. And they took it off the table, what they were working
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with on the, on the Medicaid. And remember Medicaid, we're a big supporter of Medicaid
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of not taking the meat acts to it, but you got to get, you got to get the illegal aliens off and
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the able body had got to go to work. I look, I think 80 hours a month's nothing. Um, but, and
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that's got to be pulled up to like immediately 26. So there's big fights on this. Um, Joe Scarborough,
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just for the Joe Scarborough crowd, Hey, I guess we're going to get it in the Senate or in putting
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this thing together, but the math just doesn't work. It's not me saying that I keep telling people,
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Hey, the bond market is going to get a vote and we don't want to get into the situation in the
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United Kingdom and Liz trust. And guess what? 10 year treasuries over 4.5%. And that's going
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to roll through your life because all of your financial life is predicated on the 10 year
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treasury. That's what your credit card, your mortgage, your car loan, everything is set on
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that. That's your foundational element. That's the, what they consider the risk-free that they
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let the government borrow at where you ain't risk-free, even if you got great credit.
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The, uh, 30 is over five. The 30 year mortgage is over seven. Just people are saying, you see
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the collapse over in Japan, folks are saying, how's this thing going to be financed? Where
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are the foreign buyers for that? And are the, is the fed or the U S government, uh, the citizens
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going to be buying these? That's how we're going to do this. So I think we need some fiscal
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reality here. Nobody's not trying to, the president's agenda is a supply side tax cut.
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We got that, but people understand some of that. Your, your taxes are not going to, your
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taxes are going to stay the same. They're not going to increase. If you don't, if we don't
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pass this, your taxes is going to be the, a 68%, I think increase for you. So that's, that's
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the working class and middle class. The math doesn't work unless you allow a snapback. They
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don't, you don't have a tax cut for the wealthy when you don't have a tax cut for the upper
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bracket. Maybe take care of the upper bracket. You set a new bracket at a million bucks and
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put it at 40% figured out, but the math just doesn't work. And it doesn't also work with
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this top up of the defense spending. And we've got a new defense spending thing. Brian Kennedy
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is going to come on here about this. Um, and I understand everybody wants all these things
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and this is great, but they downgraded and Besson's right because of Biden's irresponsible
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handling, but we have to deal with that. I understand people are irresponsible. Both
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parties were irresponsible. The Democrats were us, but the Republicans went along with it and
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didn't fight it. And here we are today and it ain't going to get better because remember
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in all these discussions we're having and about interest payments and all this, not one penny
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of the debt ever gets paid off the face amount. So when you see a deficit of $2 trillion,
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that's going to translate, that's going to go from a deficit in a year. And as it goes,
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it's going to go to the national debt. This is why they're asking for a $4 trillion lift on the debt
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ceiling between now. And they're saying $4 trillion and they get to come back at the duration of
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it is, um, is post the 26 midterm. Guess what? I penciled out that it's going to be in the summer
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of 26 and we have yet to be wrong. I know you guys appreciate when I say that.
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Uh, so this is a mess. I think you got to take care of us and these guys at, uh, at, at face
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very, I know they're working and they're going to work all day. Since grace put this thing up at
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one in the morning, it's been nonstop. And this has never happened before where you, you've got
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the rules. There's no manager's amendment. So you don't know what's really changed to the basic bill
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yet. They're plowing through today for this, for this, uh, labor day, for this Memorial day weekend.
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And I understand what Johnson's doing when he got a shot to pass something like this, you try to pass
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it. He's, he's basically a floor manager now, but that doesn't talk about the overall. And what my
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concern is in the summer of 26. And I get the fact that you're talking about growth, but somebody got
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to walk us through where that growth is going to come from. The white house keeps saying growth.
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That's fine. I'm with you. The supply side part of this. And I actually like seeing some of the
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supply side stuff on the small businesses be permanent, which it's not. But I think somebody
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like, I don't know, randomly, I'm going to throw out some, some names, you know, maybe the secretary
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of treasury, maybe the head of OMB, maybe NEC, maybe Hassett comes out and actually talks math
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for a change and doesn't give me vote counts. We don't need vote counts from the head of NEC.
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We need mathematics. You're getting blown up in the mainstream media saying,
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oh, it's your deficit. You're blowing up. It's 10% of the working, the poor are going to get
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crushed. 10% of the wealthy. Hey, let's counter that. Let's come back. Let's show them a model.
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Say you're wrong. Here's where this is going to be. Here's where the supply side in investment in
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labor and productivity. This is how we're going to bust through two and a half percent. This is how
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we're going to get to the CBO IMF all says our growth rates 1.7 to 2.0. We're going to do better than
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that because of this, um, the extension of these tax cuts and other things that we're doing.
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I'd also throw in the money from the cash from the external revenue service.
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The tariffs are obviously generating some revenue. President Trump's throwing down hard there.
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They're spending nonstop working on these, working on these. The tariffs are going to throw something
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in there. A hundred billion dollars in the doge guys. It's time now to actually, if the Republican
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party's not going to codify it and they're going to have some kind of gimmick to kind of hide it,
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let's, let's just get what doge found. The waste, fraud, and abuse. President Trump could not be
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clear yesterday. Didn't want to cut touch Medicaid. He wanted waste, fraud, and abuse. Well, hey,
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Medicaid is traditionally a cesspool of, uh, of fraud. Let's see it. Let's see all the revenues,
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or at least to project it. It doesn't have to be exactly right, but you know, we'll, we'll round up
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or round down. Let's throw it all into the pot and see where we are. Right now, we're not making
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a counter-argument. That argument's there. The argument actually is there. You're going to cut
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defense spending, some defense spending, and you're going to raise, you know, the one percent is going
00:14:26.500
to go. I, you know, I realize it's a bad thing you guys stop saying that you're social. I'm not a
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socialist. I'm a capitalist. The problem is we don't, we have a capitalist system with no capitalist.
00:14:34.280
75% of the people in this country don't own anything. No real assets. No, no, no financial
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assets. They're hanging on by a string. And hey, and don't sit there and go, I'm in the middle class.
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I got a good job. You lose that job. Tell me how you're feeling in a hundred days. If you don't
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have a follow on, if you're 45 or 50 years old, how are you feeling? You ain't feeling too good.
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This July, there is a global summit of BRICS nations in Rio de Janeiro. The block of emerging
00:15:05.780
superpowers, including China, Russia, India, and Persia are meeting with the goal of displacing
00:15:12.540
the United States dollar as the global currency. They're calling this the Rio reset. As BRICS
00:15:19.340
nations push forward with their plans, global demand for U.S. dollars will decrease, bringing
00:15:24.000
down the value of the dollar in your savings. While this transition won't not happen overnight,
00:15:30.540
but trust me, it's going to start in Rio. The Rio reset in July marks a pivotal moment
00:15:36.360
when BRICS objectives move decisively from a theoretical possibility towards an inevitable reality.
00:15:45.180
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00:16:27.540
...here in the Oval Office as we make a historic announcement about the Golden
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Dome Missile Defense Shield. We will truly be completing the job that President Reagan
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started 40 years ago, forever ending the missile threat to the American homeland. The one big,
00:16:42.480
beautiful bill will include $25 billion for the Golden Dome. It's a generational investment in
00:16:48.560
security of America and Americans. Golden Dome is a bold and aggressive approach to hurry up and
00:16:55.200
protect the homeland from our absence. The Golden Dome is going to be an even bigger legacy for our
00:16:59.480
country. The Congress is stepping up, as you mentioned right now, in the budget reconciliation
00:17:03.580
bill. You know, some funding is tough and some is easy. When we say we're going to save everyone's
00:17:08.120
lives in a crazy world, it seems to be very easy to get. Our enemies, our adversaries are going to pay
00:17:13.300
a lot of attention to this, just like they have to President Trump from day one. So you're defending
00:17:18.040
the homeland, defending the American people. So thank you for your leadership.
00:17:22.600
Yeah, we're going to go with this. By the way, some people, you know, about President Trump and
00:17:26.100
being confused about this, it's quite simple. We're here to make sure we give President Trump our best
00:17:31.040
guidance in getting things done. Particularly, this is going to be his legacy, legislative,
00:17:36.120
legislative, just like in the first term, the tax cut, right? We're going to live with
00:17:40.720
this for a long time. This is going to affect not only the midterms, more importantly, the
00:17:45.340
midterms, the country. And you have to, you know, you have to be straight. I'm just doing
00:17:48.780
the straight math. And we are begging and want the administration, Secretary of Treasury, OMB.
00:17:56.500
And look, it's, Russ votes making, here's the case for you at home and saying I'm confused.
00:18:01.600
Don't get confused. Get your number two pencil out and write this down, which I've only been
00:18:05.380
talking about for months, but write it down. Russ vote and the guys are making, they've
00:18:11.360
made a decision to get structural changes on some of this mandatory spending. And to do
00:18:18.200
that, they've done some trade-offs and there are, we do bend the arc starting really in
00:18:24.480
the fifth year. Okay. And the trade-off is that they haven't gotten the cuts on some of
00:18:31.840
the discretionary and others, even some of the, the, the, I think discretionary, but
00:18:36.520
they consider entitlement, but not the Medicaid. And that's why the deficit appears, at least
00:18:41.720
in my math, to go up. And my math has not been refuted yet. So they've made a decision structurally
00:18:48.020
to do this, which is smart. My only argument is you got to do both. We have to address it
00:18:53.700
now because you can see the bond market. Now the argument is if, if economic growth, if
00:19:00.120
you get the growth, because remember your taxes are not going to go down. What they're
00:19:05.380
going to do is not going to go up. That's the extension of your tax cut. The argument
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and for the business taxes and particularly for some of the entrepreneurs, the more of the
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supply side, that's the spur growth. Somebody come out and show the growth, show the growth
00:19:22.640
of two and a half or 3%. How do we get there? We're fully supported, but you got to be smart
00:19:28.300
about this because you're going to live with this one for a long time. And this is going
00:19:32.220
to affect president Trump's fourth race and third term starting in, you know, when he wins
00:19:38.740
in 28. So you got to be, you got to be, you got to really, and president Trump said, yes,
00:19:45.300
Sam, this is the biggest fiscal hawk out there. I'm, I'm supportive of that. We're trying to
00:19:49.960
add assistance here. And look, this thing may get, it may get passed. They may get the,
00:19:53.860
they may get the votes right now. I think the fiscal hawks are at least going to get a pound
00:19:58.020
of flesh. Like the salt guys got a pound of flesh last night. Brian Kennedy, the golden
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dome. Okay. The hemisphere, this is part of hemispheric defense. This is a complete
00:20:08.020
president. Trump is rethinking the world's commercial relationships. That's what trade
00:20:14.380
trade tariff to bring high value added manufacturing jobs back. Please, if grace,
00:20:18.880
you can please put up Newsweek magazine has an interview with me. I think I'm part of
00:20:22.660
this article. Talk about a new golden age of American manufacturing. That is what the
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golden age of Trump, the one of the predicates is bring high value added
00:20:31.740
manufacturing back here to the United States of America. And he's doing that.
00:20:38.020
At the same time is to think about our commitments, particularly on the Eurasian
00:20:42.260
landmass. And that's why this hemispheric defense from Greenland and the Arctic down
00:20:46.260
to the Panama Canal. And yes, having allies in Brazil, get rid of Lula and you got
00:20:51.000
melee, right? In, in South America and Latin America, but from, from the Panama Canal up
00:20:57.260
to Greenland and stopping the Russian sub submarines from just easy entrance and egress,
00:21:05.500
egress and exit from, uh, from the North Atlantic. And you look at the central Pacific
00:21:10.360
in the, you know, in Cleo Pascal happens to be over there right now. We're going to try
00:21:15.360
to get her up the next couple of days. The three Island chain, the vast central Pacific,
00:21:19.060
you add a golden dome on top. Voila, America's hermetically sealed. Um, is that what we're
00:21:27.420
doing here? Brian Kennedy, you're an expert on this. Is this is what we're doing, sir?
00:21:32.560
Uh, yes, that's the aspiration, Steve. Look, the fact is today we cannot stop a single Russian
00:21:40.500
communist Chinese or Iranian ship launched ballistic missile aimed at the United States.
00:21:48.220
Let me say that again. We cannot stop a single one of those. That is something of a national
00:21:53.460
scandal. Okay, but hang on. Yo, yo, yo, but we went through an entire cold war. We couldn't
00:21:57.880
stop them either. Right. In fact, we signed a treaty, an anti-ballistic missile treaty to
00:22:02.340
guarantee we couldn't stop them. Am I incorrect on that? Absolutely. So this is not a, what you're
00:22:07.500
telling me is not a newsflash. That's been, that's been the case since ballistic missiles
00:22:12.180
came up post-World War II, right? Yeah, it's not a newsflash, Steve. But on the other hand,
00:22:17.500
most Americans don't know that. They think we have a missile defense because successive
00:22:21.700
administrations have said we have a missile defense and that we're protected. We can stop
00:22:25.920
today a few North Korean missiles. By the way, is that, is that, is that, is a, hang on. Is that
00:22:29.700
a fact? If we did a poll, I didn't, I didn't, you caught me. We've done polling. You're saying
00:22:34.420
if you did a poll, you've done a poll and most Americans think we can stop ballistic
00:22:39.240
missiles? Yes. Frank Gaffney and I have done many polls. Frank has been one of the leading
00:22:43.320
advocates as well of missile defense, have done many. But here's the thing that I think
00:22:47.600
has moved President Trump. Today around Moscow, there are 8,000 nuclear tipped ballistic missile
00:22:54.760
interceptors because the Russians never believed in mutually assured destruction. They believed
00:23:00.920
in defending the Russian homeland. In China today, they have tested and have fielded missile defenses.
00:23:08.440
They bought the S-300 and S-400 air defenses from Russia. And we should assume that they're using
00:23:15.020
very similar missile defenses to protect the major cities of communist China. And so they believe in
00:23:22.140
missile defense. The only country that doesn't believe in missile defense is the United States.
00:23:26.880
And so President Trump, when presented with those facts, thought it was insane that the United States
00:23:32.560
wouldn't also have a missile defense. So we're playing catch up here. We're not like going,
00:23:37.780
this is not one of these pet military projects that people are just doing because they like it.
00:23:42.320
Why historically, it's the weirdest thing about this nuclear dynamic. Why historically has the United
00:23:47.620
States not had a missile defense? And in fact, when they, President Trump mentioned Star Wars,
00:23:53.080
people literally melted down and called him an idiot and a bad guy. Why have we historically not had a
00:23:59.220
missile defense? Because the Soviet Union ran a very sophisticated information campaign to make
00:24:06.140
sure that it was ridiculed. And Democrats like Joe Biden embraced that. And Joe Biden, throughout his
00:24:12.980
entire tenure as a U.S. senator, opposed missile defenses, as have most Democrats. Republicans have gone
00:24:20.500
along because they don't think war is possible. They don't take war seriously, except for unless
00:24:26.960
it's, you know, wars in the Middle East. But strategic issues of the kind President Trump is dealing with
00:24:32.300
here, only he and Ronald Reagan took it seriously. And the cost of this is minuscule compared to
00:24:39.760
some of these legacy programs. This is an insurance policy that you'd get on your house or your car.
00:24:46.800
This is the minimum you would do to defend the American homeland. And so whatever small amount
00:24:53.120
this takes to achieve, this is not a luxury, as it were. This is an absolute necessity.
00:25:02.980
25 billion. But let me just say, the Iranians have tested in the Caspian Sea the ability to launch a
00:25:09.080
ballistic missile from a ship and explode a nuclear warhead in the high atmosphere. They didn't
00:25:15.420
actually use a nuclear warhead, but they've tested the concept of doing that.
00:25:21.740
And if you did that, that's EMP, so nobody, no cell phones at all, not that your house would
00:25:26.840
It would destroy the American economy. And by the way, Steve, have a nuclear weapon go off
00:25:33.240
of any size in the United States. What is that going to do to the U.S. economy? We'll be in a
00:25:38.860
depression overnight. Is this also this concern about hypersonic weapons too? Is this the other
00:25:46.280
thing that's getting President Trump's attention?
00:25:48.380
It is. I mean, there's ICBMs, sea launch ballistic missiles, these hypersonic reentry
00:25:53.880
vehicles. There's cruise missiles. The Golden Dome is meant to deal with all of these things.
00:25:59.900
And so between Elon Musk's ability to create rockets and Palmer Luckey and Anderle's ability
00:26:05.320
to create certain interceptor vehicles to stop all this, we have the technology. And we can afford
00:26:14.760
to do it. This is one of those things. Again, it's not a luxury. It's simple. You know, you like
00:26:21.820
We say to afford to do it. You say afford to do it. It's $25 billion now. It's got a $550 billion,
00:26:26.860
I think, over 20 years. That seems a tad light, sir. And this is going to cost a couple of trillion
00:26:31.800
dollars. Because Israel is compact. You're talking about, you're trying to cover the entire
00:26:40.180
You're trying to produce a system that deters the enemy from believing that his missile launch
00:26:47.760
against you will be successful. And we've been able to lower the cost of producing these
00:26:53.080
interceptors to the point where you give me half of what they're proposing, and I could field a very
00:27:00.080
effective system that would deter any enemy and stop the short-term enemies. Look, that's how far
00:27:08.960
From a standing start, and of course, the Palmer Luckey stuff is all unmanned. That's one of the
00:27:14.000
big developments here. From a standing start, we've got 30 seconds. Under Brian Kennedy's guidance,
00:27:22.040
when would you be up with enough to deter an enemy from thinking they could get to us?
00:27:26.740
I'd have something in the field in six months, something more sophisticated in a year. Just the
00:27:33.240
normal iteration of weapons development. You'd keep on getting better. But you'd start to field
00:27:38.260
something immediately, or near immediately. And I'll call that six months. Because the United States
00:27:43.880
absolutely has to be defended from all enemies, foreign, who have these missiles, who would seek our
00:27:50.040
Brian, where do people go? Social media, where do people go to get you, sir?
00:27:55.700
Brian T. Kennedy won on X and Brian T. Kennedy on Getter.
00:28:01.320
Thank you, sir. Appreciate you. Great. We're going to be back on, maybe do an hour of this on the six
00:28:05.160
o'clock to break it all down. Fantastic. President Trump going to defend the nation. We're going to go
00:28:12.100
from Geneva, the World Health Organization, to Rudy. Rudy Giuliani. Back, and he's bad as ever.
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The president has the strategic realignment, and I want everybody to read this Newsweek
00:30:00.460
article on the golden age of American manufacturing. Trump's changing all the commercial relationships
00:30:04.800
at the same time geostrategically on a day that Israel says it's going to go in and bomb
00:30:10.400
Persia. I'm not so sure that's going to happen, but they're threatening that. He's resetting our
00:30:16.240
geostrategic for hemispheric defense. What I would like is the NDAA, the National Defense
00:30:22.340
Authorization Act, and the money, the trillion dollars to line up with that. If you line that
00:30:28.200
up, I think we're all good, and you add the golden dome on it, and Brian Kennedy's talking
00:30:32.260
about they can get something up to deter as a deter in six months. Not too shabby. Bond
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markets all over the place today, Japan bond market, the long out years, people don't have
00:30:43.840
faith that Japan's even going to be around. They don't want to buy the securities. Now
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more than ever, you need to find out where gold is a hedge and has been a hedge for 5,000
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Why is that important? Why do you care? Because the dollar is the prime reserve currency, and
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we can kind of do all this because it's the greatest export we have. A lot of nations on
00:31:08.460
Earth, particular enemies, the Chinese Communist Party ain't happy about that, and they're
00:31:12.920
going to try to do something about it. Can't do it immediately, but they're going to try
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to nip around the edges, but you need to be up to speed. Birchgold.com slash Bannon,
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through your politics, policy, and your personal finance. All in one. How about that?
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Wow. Rudy Giuliani. Just like the old days. Rudy, first off, Rudy, you just were not right
00:31:49.860
about Joe Biden. You were so right so many years ago. You got it in print. Finally, the book
00:31:56.340
that we put out, that's amazing, The Crime Family. But you've been right on this forever
00:32:01.840
about him being, you know, dementia, not being there. Praetorian Guard put him in office in
00:32:06.520
2020. You have fought this good fight. You've been indicted about it in Arizona. We'll get to
00:32:10.780
all that. Not just Arizona, all over the place. Talk to me about Joe Biden and the cancer cover
00:32:16.540
up, the Praetorian Guard cover up. What's your recommendation? I think we need a formal
00:32:21.060
investigation, not a house. We don't need Comer doing it and then fail two years later and write
00:32:25.340
some book that nobody reads. We need a grand jury. We need prosecutors. We need a special counsel.
00:32:30.520
Your thoughts, Rudy Giuliani. Well, you're absolutely right, and it's a very broad one. It really has to
00:32:36.940
do with the people who cover this up. Possibly it doesn't meet the legal definition of treason,
00:32:44.340
but it is treason. If you and I know that the president of the United States is non-compass
00:32:49.560
menace, we're double-crossing our country if we let him stay there. Now, in my book that you wrote
00:32:56.640
the forward to, thank you, on page 143, 144, I go back to something in the hard drive.
00:33:06.180
So please remember, this was available to them in December of 2019. By that, I mean the FBI
00:33:11.360
and the Attorney General. People understand this. This is Hunter's laptop from hell,
00:33:15.320
which Rudy broke. Continue on, sir. Yeah, and this is right out of it. It jumps right out at you.
00:33:20.640
It's a conversation with his questionable psychiatrist, Keith Abel. Abel the psychiatrist says to Hunter
00:33:29.420
Biden, does he recall details, though, with the dementia he has? That's the doctor. Hunter said not
00:33:42.540
much these days. We're going back to 2019, my friend. But since it's all fake news anyway,
00:33:51.320
I don't see the problem. The psychiatrist, Abel, is he a go for sure? Running? Hunter says,
00:34:00.840
according to inside sources, which I can neither confirm nor deny, he's in it to win.
00:34:06.300
Abel says, any man who can triumph over dementia is a giant. Think what he could do for our nations
00:34:14.800
needed a recovery. Think of what he did do. Hunter, you're such an a**hole, but that made me laugh out
00:34:23.840
loud. Now, they go on talking about his dementia. It jumps right out at you. That was available almost
00:34:32.240
a year before he stood for office. Okay, but Rudy, but Rudy, hang on, hang on, hang on, full stop.
00:34:41.960
It was, it was available in November of 2019 to two guys who were Republican nominees, Bill Barr,
00:34:49.920
the head, the Attorney General of the United States, and Chris Wray, the director of the FBI,
00:34:54.360
that both reported to President Trump. Yes, sir.
00:34:55.900
So what, so what happened here? What happened? I don't know what happened, what happened here is
00:35:00.480
they, and much more was available to them. They let him get impeached. When, when, when they had
00:35:05.740
definitive evidence that that whole thing with the Ukraine was a total put up job, the conversation
00:35:11.080
with, uh, with Zelensky, et cetera, and they let their president get impeached. I mean, I don't
00:35:16.960
understand why a bar is not under investigation. I don't understand why the former head of the FBI,
00:35:21.300
I don't understand why Comey's not in jail. Rudy, if the president of the United States
00:35:28.260
picked up the phone and called you and said, Hey, come over to the Oval, I got to talk to you
00:35:31.520
and said, I need a special counsel that knows that can start with a running start and knows
00:35:37.720
all the details about Ukraine and other things. Would you, uh, would you take that job today?
00:35:42.820
Sure. I have my hand up already. I've taken the oath of Ronald Reagan.
00:35:47.360
Okay. What would you do? Okay. Okay. What would you do? Tell me, what would you do?
00:35:53.380
I would, I would, I would, uh, folk, I'd have to start several investigations and then see
00:35:57.860
if they can be merged into one. First of all, I do the one outlined in this book. I mean,
00:36:01.460
I already have an outline. Um, and that is the Rico case against the crime family. Uh,
00:36:07.120
there'd be four, four specific, uh, predicate acts of bribery. They would involve Russia. They
00:36:14.180
would involve Ukraine. They would involve China, probably about eight separate ones,
00:36:19.500
bribes from China. Um, I'll give you an example. I'll give you a quid pro quo for China. Uh,
00:36:25.700
he got altogether 31 point something million that we can count right from China. First thing he does,
00:36:33.160
uh, when he gets his hands on Afghanistan is he gives up the Bagram air base. Bagram air base is 400
00:36:39.320
miles from China. No American in their right mind would give it up unless the American were bribed.
00:36:45.480
He never did anything to pursue, um, recovering for us, uh, for COVID over, uh, from, from China.
00:36:51.840
He allowed a fentanyl to come into this country at records that exceed any other American presidency
00:36:58.680
almost combined. So there are plenty of quid pro quos for the Chinese money that he got.
00:37:04.480
But if he's got the beginning of dementia and remember we had Mark Caputo on here the other day
00:37:11.280
who broke the story about the herd tapes. And he said, Hey, he reported in 2019 how people were
00:37:16.900
talking about how Biden didn't have his fastball. And, and the Axios had another story yesterday about
00:37:22.260
how Democrats in the house in 2023 were saying he shouldn't run again. But in the first campaign,
00:37:27.020
are you going to also go around the Praetorian guard, the deep state that put him in? Remember,
00:37:32.680
why did, why did, why did Ray and Bart not, not surface this? Because Bernie Sanders or,
00:37:39.600
or Focahontas or one of those people would have been the nominee. They had their nominee. They had
00:37:45.140
the cipher to, they had the cipher. They were going to steal the election round, which was Joe Biden.
00:37:50.780
Yeah. I mean, there's no doubt about it. I mean, you can go back to Hillary, uh, uh, extorting him with
00:37:55.280
this back in, uh, 2015, uh, when she told him that she knew all about Hunter Biden. I mean,
00:38:01.480
everybody knew about Hunter Biden. It was the only ones who didn't know about it, the press.
00:38:06.200
And, um, uh, the reality is you also would, would put them all in a grand jury. Now that's
00:38:11.540
very different than one of those silly congressional hearings. Uh, first of all, they have to answer.
00:38:16.520
And if you feel that they're not materially involved, you can give them immunity. If
00:38:20.780
they don't answer, you put them in jail. I did. That's how I, so you wouldn't pan. Okay. So
00:38:24.600
hang on. So you're, you're telling me you take over special counsel, you would, uh, you would,
00:38:29.640
uh, impanel a grand jury right away, or would you designate the FBI to give you some, uh, some,
00:38:34.140
uh, investigative apparatus? Really? I want you to walk me through your critical path.
00:38:38.780
Cause you're going to promote Rudy Giuliani. You're the, are you, are you the best guy to do
00:38:43.460
this? Yes or no? Are you the best guy? Well, I am. I'm the best guy to do it in terms of
00:38:47.520
knowledge and experience and having never lost the case as a prosecutor, um, including some
00:38:54.120
of the most difficult cases of the 20th century. Um, am I the best? And the press will go nuts.
00:39:00.340
But if whoever takes this job, at least I'm already, uh, they've gone nuts on me already.
00:39:05.680
And I've already proven, I'll tell it, I can put out, as you said, for everything they say
00:39:09.740
about me, I can prove I told the truth. I'm not worried about, I'm not worried about the
00:39:12.500
media and not worried about the media. They're defeated anyway. What about, can you work 18
00:39:16.080
hour days to do this? The head guy here has got to be 18 hours a day, 20 hours a day,
00:39:20.700
seven days a week. You agree? I'm going to be doing that until we have my funeral, Steve.
00:39:28.580
I mean, I do that now. Uh, and plus I, obviously I would get very, very, I get the very best.
00:39:34.380
I mean, you know, the people who helped me crush the mafia and some, and some of the younger
00:39:41.520
ones who were doing a great job. Uh, the reality is what about the, what about the cancer? What
00:39:46.780
about the cancer coverup? Where does that come in? Oh, come on. I had prostate cancer 25
00:39:51.240
years ago. I've been cured of it for 25 years. My father died of prostate cancer, a horrible
00:39:56.220
death because he got it late because they didn't have a test then. There's no way in the world
00:40:02.060
you develop that cancer in two days. How about more like 20 years?
00:40:07.280
So, so is, but as ill, but the point I'm making as ill as he is, do you call him in and depose
00:40:15.840
Uh, I, I, unless there's, unless his lawyer stops me and we have to litigate it. I had a,
00:40:22.860
I had a great one once with Joe Bonanno for four days and got him held in contempt because
00:40:28.060
he said he was too sick to testify. Did Joe Bonanno, was Joe Bonanno on the Gleason nine
00:40:32.580
for cancer? That's what I'm saying. I know you've done this before. You broke, you broke
00:40:36.960
Milken, you broke the mafia. I got that part, but I'm saying today with a guy that's 80 some
00:40:41.940
years old and has, you know, Gleason nine or whatever is advanced prostate cancer. Does
00:40:47.780
Rudy bring him in? Does Rudy bring him in and you grill him for four days? Cause her
00:40:52.920
played patty cake with him. He's going to have to make the case that he's not capable.
00:40:58.000
Actually the better case is he's mentally incompetent to, to really what her was trying
00:41:03.020
to say, but didn't have the guts to say it is that Biden is incapable of participating in
00:41:09.100
his own defense. He's so far out of it. Uh, I think that would have been true a year ago
00:41:13.580
and that's, and that's a real problem. Okay, but hang on in saying that the attorney general
00:41:18.640
of the United States should have gone to the cabinet. Where's the 25th amendment?
00:41:22.160
If that's the case, why is Garland, why are we not going after Garland immediately? If,
00:41:26.300
if that, if her made that case, and I think he does make that case, the guy's commander
00:41:31.640
in chief. We just talked about the, we just talked about the golden dome. He's commander
00:41:35.280
in chief. He's the guy that's got the codes for the nukes. Doesn't Garland have a moral
00:41:40.660
responsibility and a legal responsibility to go tell someone that, and they start to move
00:41:46.400
to remove the guy, sir. Every single, every single one of them sitting in that cabinet
00:41:51.000
room, watching him dribble, uh, had the responsibility, uh, to do that. And, uh, for four years, uh,
00:41:57.540
they sold out their country, including his wife, uh, and children and family and the people
00:42:04.060
and the people who have been immunized. Question is, has Hunter been immunized from that? Uh, it's
00:42:10.440
a broad based, uh, uh, immunization. There is a legal question as to whether you can
00:42:16.340
immunize what you don't. Whoa, whoa, whoa, whoa, whoa, hang on, hang on. You're saying,
00:42:19.480
you're saying that they, do you think these blanket preemptive pardons include this situation
00:42:24.960
for the family, Dr. Joe do want to bet they don't, don't you believe they're going to say
00:42:30.860
that? Uh, if it, if it, if it does, by the way, here's the catch 22. They have to testify.
00:42:38.560
They have no ability not to testify. If they have, if they indeed have a blanket pardon,
00:42:44.200
then they can't incriminate themselves. Particularly if I limit my question to that 10
00:42:49.260
year period. Yeah. Then if they don't testify, you automatically put them in jail. And if they
00:42:53.540
commit perjury, you prosecute. Uh, so I would say this is a necessary, uh, way to clean up,
00:43:01.620
uh, this horrible system of justice we have and finally make it equal and fair for all.
00:43:07.680
Okay. We're going to talk about this. We're gonna go to Arizona next with Rudy. Rudy, hang
00:43:11.020
on for a second. I want to hold you through a short commercial break. Um, fascinating.
00:43:17.680
Rudy Giuliani. He said if he was, uh, if he was offered, he would accept and he's ready
00:43:23.800
to work 18 hours a day, seven days a week to get to the bottom of it. And that's what
00:43:27.000
you're going to have to have. You need to name a special prosecutor. This thing is just
00:43:29.940
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Okay. We got Noor bin Laden on deck in Geneva on the World Health Organization. We're monitoring
00:45:21.020
the deal. I don't think it votes. They're going to try to do something today, but this thing is a
00:45:25.820
knife fight. We'll keep you up to date on that. Got a special guest in-house momentarily. Rudy,
00:45:32.180
number one, is this scandal bigger than Watergate? Is this the biggest political scandal? An illegitimate
00:45:38.500
that they knew beforehand he had dementia, illegitimate, stole the 2020 election, put a
00:45:43.840
puppet in there, and now with all the crimes they did in the cancer, is this the biggest ever?
00:45:50.020
Of course it is. Yeah. I mean, as I said before, it has sub parts. I mean, there are,
00:45:55.180
you got about five, six, seven, eight different conspiracies here, crimes. And this family in the
00:46:01.940
White House, when I say the Biden crime family, this was the most criminal perverted family to ever
00:46:07.860
occupy the office of President of the United States. And from big crimes, from big crimes to
00:46:14.220
little crimes, they all will commit it. And the fact that it's, the fact that it isn't uncovered
00:46:20.700
makes it possible for these Democrats to believe they can do it again.
00:46:26.540
Or the deep, but by the way, it's just not Democrats. It's deep state. If they find,
00:46:30.180
if they find a rhino Republican, they'll do that, right? This is the deep state. Rudy, Rudy,
00:46:35.400
let me be blunt, because you're my mentor, and you're a dear friend of mine and a colleague
00:46:39.740
and all that. Do you still have, can you, do you still have your fastball? Could you take this on
00:46:44.540
and be successful in this? You still got your fastball, brother?
00:46:47.160
You know, it's the thing I do. I told you, it's the only thing I really do well, which is prosecute
00:46:51.620
cases. And I started doing it when I was a baby. I was taught by the very, very best, Judge Lloyd F.
00:46:57.760
McMahon, the judge I clerked for. I was able to try big cases when I started in the U.S. Attorney's
00:47:03.720
office. And if you look back on the 20th century, I prosecuted probably some of the most difficult
00:47:09.480
and important cases. And I was the last U.S. Attorney in the Southern District to go to court
00:47:14.540
and prosecute his own cases. Plus, when I was number three in the Justice Department under
00:47:20.420
Ronald Reagan, I went around the country arguing cases in the Court of Appeals for practice,
00:47:26.060
including in the Supreme Court. That's what I really love to do and really know how to do.
00:47:30.860
And I've had this case in mind now for, as you know, from, I did the first step.
00:47:37.340
Hang on. You can present yourself to the, I see, I know the bona fides. You can present
00:47:42.280
yourself to the president and say, I still got my fastball. I can get this done for the
00:47:47.720
Yeah. Yeah. And if I, if I, if I had anything, I would tell him I'm not a liar like the guy
00:47:53.140
in the White House. I understand. And I don't, I'm, I'm, I'm on the air three, three to four hours a
00:47:59.320
day. No, it's amazing. We love your show. Okay. Rudy, another thing, Arizona, you and Eastman,
00:48:05.760
two of the leaders of our movement, the, the, the guys they've dumped law for against what's
00:48:10.440
happening in Arizona. Is that case going forward? Did it get dropped? Is it going back to a grand
00:48:14.260
jury? It's kind of confusing the way it's written. So what's happening?
00:48:16.640
About, about seven or eight months ago, the judge said he was very, he was questioning the case.
00:48:23.660
He thought it was politically motivated. He didn't think they had enough evidence.
00:48:27.520
And he gave the prosecutors three months to justify the case. So all of us, including Christina,
00:48:34.820
Bob, and a number of others that are involved in this, thought, well, that was the end of the case.
00:48:39.080
The prosecutor came back, tried to justify the case. Now, now the judges said they didn't,
00:48:45.400
they didn't properly explain the law to the grand jury. He forgot that he originally said it was
00:48:52.120
politically motivated. Hang on, wait for it. Audience, you know, the law they didn't explain,
00:48:55.580
the electoral count act of 1887. You ever heard that before, folks? That's what the whole case is
00:49:01.220
about. This entire thing. They never explained it to the, they never explained it to the grand jury.
00:49:05.000
That is a rigged deal, Rudy. It's a rigged deal. Now, now he wants to give him an opportunity to,
00:49:11.120
he's given him an opportunity to do it again. So of course we're going to appeal it. I mean,
00:49:15.220
how many times, how many times do you get to politically indict someone? Twice?
00:49:21.940
He already has said, he questioned whether it was a political indictment.
00:49:25.640
I don't, I don't understand what's going on. I don't understand what's going on in Georgia.
00:49:29.760
That case is still there. And the president is still a defendant in that case.
00:49:37.720
Half of it's been thrown out. The other half, I mean, it's going to have to await her getting out
00:49:45.660
of jail, I guess, to prosecute. It's absurd that they keep these cases going. And these are,
00:49:51.960
one is a state with a Republican governor, Georgia, and the other is a state, of course,
00:49:57.060
with a, with a very bitter Democratic governor and an attorney general. But my goodness, I mean,
00:50:03.480
the case is that, Rudy, you have a Republican governor, but he ain't a MAGA governor. Okay.
00:50:08.400
Yeah. He would love you and Trump. He would love you and Trump.
00:50:11.200
He's an automatically. Yeah. Okay. But I mean, this is ridiculous that it's still pending.
00:50:17.500
Okay. So the war and posse, we're going to get all over this. Rudy is the special
00:50:21.080
prosecutor, special counsel. Where do people go to get your content? The social media,
00:50:26.260
the website, the four hours a day. Uh, also, uh, the beautiful, the beautiful and vivacious
00:50:33.520
Dr. Maria Ryan, where they get her stuff to, where, where, where do you go to get us?
00:50:37.320
The Wendell TV and X, both. You can get us on both.
00:50:41.920
Wendell TV and X. Okay. Perfect. Rudy, you're a scholar and a warrior. People love you, but, uh,
00:50:49.040
I think this may be your biggest, this assignment will be only, the only thing bigger is when you
00:50:53.420
were America's mayor and got us through nine 11, but this will be huge because it's a scandal.
00:50:57.760
You agree dwarfs Watergate. Well, this would be, this would be a, this would be a, um, this
00:51:04.600
would be a great honor, honor to do it. And I certainly am able to do it. And I don't think
00:51:10.960
there's anyone that knows the case better than I do. Um, so, and if also, also if, uh, the thought
00:51:17.120
was somebody else should do it, I'd be more than happy to be special advisor and help to show
00:51:22.140
them the way through it. Yep. But anything to get justice. You do agree that we can't do this
00:51:28.380
with some congressional committee, that DOJ is too overwhelmed with what they got. You need a
00:51:33.060
special counsel that sets itself aside and this is what their focus. This would have fallen apart
00:51:39.060
four years ago if it was put in front of a grand jury. Uh, the difference between a grand jury and
00:51:43.700
a congressional investigation, even when the investigators are good and we've had some really
00:51:48.900
lousy ones, but not all, but we've had some that have really screwed it up congressional
00:51:53.240
investigators. But in fairness, uh, the power of a grand jury is enormous. I mean, they can
00:51:59.900
not, not testify. The other option is jail immediately, immediately. Good. You walk out
00:52:06.580
of the grand jury and you go into, into the same prison. If you're in the Southern district
00:52:10.540
that Epstein committed suicide in. Ha ha. Yeah. I'm not buying that one. I love Bungino.
00:52:17.140
I don't buy that one either. I'm not buying, I'm not, we got, we got, Alex Jones is going
00:52:21.220
to join us tomorrow. We're going to talk about that. Rudy, we love you. I know that jail backwards
00:52:25.300
and forwards. I helped to build it. Well, have you, maybe I'll have you back on with Alex
00:52:30.160
tomorrow. Anyway, Rudy, we're going to make the pitch. Rudy Giuliani is the special counsel
00:52:37.420
to actually get to the bottom, adjudicate and get to the bottom of the biggest scandal in American
00:52:44.740
political history. That's the illegitimate Biden regime, all of it. And it ain't just Democrats.
00:52:50.220
Ray, it's Barr, it's all of them. Short commercial break. When we return, we're going to go to Geneva.
00:52:55.580
Then we've got a very, very special guest in the house next hour in the war room.
00:53:07.420
What if he had the brightest mind in the war room delivering critical financial research every
00:53:14.860
month? Steve Bannon here. War room listeners know Jim Rickards. I love this guy. He's our wise man,
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a former CIA, Pentagon and White House advisor with an unmatched grasp of geopolitics and capital
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markets. Jim predicted Trump's electoral college victory exactly 312 to 226 down to the actual number
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itself. Now he's issuing a dire warning about April 11th, a moment that could define Trump's
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presidency in your financial future. His latest book, Money GPT, exposes how AI is setting the stage
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for financial chaos. Bank runs at lightning speeds, algorithm driven crashes and even threats to national
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security. Right now, war room members get a free copy of Money GPT when they sign up for strategic
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intelligence. This is Jim's flagship financial newsletter, strategic intelligence. I read it.
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You should read it. Time is running out. Go to Rickardswarroom.com. That's all one word,
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Rickardswarroom, Rickards with an S. Go now and claim your free book. That's Rickardswarroom.com.
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