On today's show, host John Avlon is joined by Tyler Grgurich and Jordan Peterson to discuss the latest in the Hunter Biden scandal, the Federal Reserve, trade deals, and much more. Plus, a special guest joins the show to talk about the FBI investigation into the Joe Biden laptop scandal.
00:00:00.000One thing is that there was a reporter that actually, I'll get to this in a while, a reporter that actually tweeted out when I was having a meeting, this was after Brian Harrison came on, about the redistricting in Texas and not being off to the best foot.
00:00:17.140A reporter, and I'll pull it up here in a minute, tweeted out that Hakeem Jeffries was actually going to Austin, Texas, the state capitol, to make a presentation on Wednesday.
00:00:28.720That's how important the Democrats are.
00:00:30.920They view this redistricting or shutting it down.
00:01:59.160Certainly the president ought to take a victory lap.
00:02:01.300I think it ends up being good for the European Union.
00:02:05.280It's a blow against the conventional wisdom, which, of course, in the last quarter saw a lot of this as disastrous.
00:02:11.600The markets see the fact of the deal and the ratification of trade and the expansion of trade as the most important thing, number one.
00:02:20.460Number two, I think there's a situation here where, as you've alluded to in your questioning with Tyler, that the geopolitical element of this also remains front and center,
00:02:32.120whether we're talking about the continued interdependence of the U.S. and European Union economies or whether we're talking about investments in the United States and purchases of military equipment.
00:02:43.020And you're seeing a you're seeing a tightening of the alliance.
00:02:46.720And I think, frankly, an attempt by both parties to to push back a bit against against China.
00:02:53.680But the weaponization of intelligence agencies to pull that off brings on an entirely different problem.
00:03:03.160And if the Democrats are found to have been guilty of this.
00:03:17.560Because you have a whole bunch of people skeptical about politics to begin with.
00:03:21.460And you've got to remember, Trump was in or is in office because he's considered the anti-politician.
00:03:26.760His behavior, his mannerisms, his language, his verbiage, his actions to some degree are very apolitical.
00:03:34.920It's not typically what you see from conventional politicians on Capitol Hill.
00:03:39.240And then when you think about how they went after him and they engaged in lawfare to take him down, the 34 felony counts and convictions and all of this other stuff,
00:03:47.300they're going to say, see, see, he wasn't guilty of any of this stuff.
00:03:50.480They did everything they could to derail him from being the president because the mission was to to keep him from getting back into the White House.
00:03:58.280It wasn't that he did this or did that.
00:04:30.060And they wanted to, they wanted to big up Biden.
00:04:37.280And they're going to point out how when he was on stage, as one pundit said, looking like an elderly individual in a nursing home waiting for his applesauce.
00:04:47.140But they were talking about him like he was lucid and cogent and alert and all of this other stuff.
00:05:08.620I remember I, along with probably most people, were saying at the beginning, oh, you know, by the 4th of July, somebody had to think of how the country was, the economy was going to be tanked by then.
00:05:21.060And I was kind of like, well, that seems right to me, but that didn't happen.
00:06:44.860I wish in my soul, I wish that any of these people had a conscience.
00:06:50.260Ask yourself, what is my task and what is my purpose?
00:06:54.060If that answer is to save my country, this country will be saved.
00:07:00.260It's Monday, 28 July, Year of the Lord, 2025.
00:07:10.360On the economic side, President Trump, as we have said from Liberation Day and for years and years and years before then,
00:07:18.100about trade, protectionism, tariffs, all of it, really starting to get some momentum here and close big deals,
00:07:26.280fill up the Treasury's coffers with tariff money and start to see investments and people bringing back high-value added manufacturing jobs here.
00:07:55.300We just learned that Obama Judge Beryl Howell has not granted our temporary restraining order to force open tomorrow's Federal Reserve meeting.
00:08:45.900Why does it matter, this joint meeting?
00:08:47.640Because the Board of Governors, their lawyers conceded in federal court today,
00:08:51.320is actually subject to the transparency mandates of public observation from the Sunshine Act.
00:08:58.260And so when you have a joint meeting between an entity like the Board of Governors that is subject
00:09:04.480and an entity that is not subject, the FOMC, the entire meeting becomes subject to the Sunshine Act.
00:09:12.100I looked to our counsel at our table in the court today, and we just could not believe that the Federal Reserve admitted that in an open court,
00:09:21.720something that we were not even privy to, that these meetings are being held as joint meetings,
00:09:26.320which mean they are absolutely subject to the transparency disclosures of the Sunshine Act.
00:09:32.040Steve, you and the War Room audience knows this well.
00:09:35.240The Federal Reserve is among the most powerful economic institutions in the country.
00:09:39.340And without a doubt, it is the least transparent and least accountable.
00:09:46.580We had no illusions about how easy this would be.
00:09:49.160But we're not going to end the Fed in one day.
00:09:51.640And I'm grateful for our attorneys and our entire team at Azoria for the win that we had today in court.
00:09:57.420James, I would actually argue it's probably one of the most powerful in the world, maybe the most powerful.
00:10:02.120But I want to just pull the camera back for a second on the case itself.
00:10:05.320If you went in for a Hail Mary, a TRO to stop tomorrow or to make it transparent, you said she did not dismiss the case, which is what the Fed really wanted.
00:10:15.460Walk through what actually is your case.
00:10:38.960It's very hard to do that, to hold the government accountable.
00:10:41.620But our case, Steve, is premised on a very simple theory.
00:10:44.380In 1976, Republicans and Democrats got together and passed something called the Government and the Sunshine Act, that recognizing the best way to bring accountability to our government is to illuminate the public acts of public men so we could all see what's going on.
00:10:58.780For the past 50 years, the Federal Reserve has decided not to adhere to the Sunshine Act.
00:11:03.200That means that the public, whether you're Republican or Democrat, could not observe the Federal Reserve's proceedings.
00:11:08.920They could not truly know why the Fed was doing what it's doing.
00:11:12.160One decision, for example, is why on earth the Federal Reserve is keeping interest rates and in turn mortgage rates near a quarter century high, despite the fact that President Trump is delivering the lowest inflation in four years on top of trade deals that are delivering for American workers and businesses.
00:11:29.960On top of the fact that for the past five months, headline core inflation, headline CPI inflation, rather, has come in better than expected, lower than expected.
00:11:39.540The problem is that we can't understand why the Federal Reserve is making its decisions because unlike the FTC or the FCC, the Federal Reserve is not listening to federal law and holding its meetings to public observation.
00:11:50.960You cannot criticize the federal government if you don't know what the federal government is actually up to.
00:11:55.200And so our ability to redress our grievances to the Federal Reserve and point out, I believe, their obvious attempts to undermine President Trump and the 80 million of us who supported him in the last election, that that is in itself an egregious violation of federal law.
00:12:08.460We cannot change course for the Fed and get them to bring down interest rates if we don't know what's actually going on behind the curtain.
00:12:15.740And so today was a TRO attempt to block tomorrow's meeting from being in secret.
00:12:19.640The judge did not grant that attempt, but also the judge did not allow the Fed to dismiss their case.
00:12:25.640That was swiftly shut down from a judge of all people appointed by President Barack Obama.
00:12:30.820And so I'm grateful for our hearing today.
00:12:35.900But we are very quickly reviewing our options because we've got something here with this admission from the Federal Reserve's own lawyer that tomorrow and Wednesday's Fed meeting is actually a joint meeting between that and an entity that would be covered by the Sunshine Act, which would force it to be open to public observation.
00:12:51.900And in turn, public criticism, no government institution is beyond reproach.
00:12:57.260And that's what we stand for at Azoria.
00:12:58.480James, we've got a minute or two here, and I'd like to just keep you over for a minute maybe on this answer.
00:13:06.200Didn't the government argue, or not the government, the Federal Reserve argued in trying to combat the TRO that your request to have this open and have transparency and have the American people view it will be detrimental to the task, the underlying task of the Federal Reserve?
00:13:24.220They argued that it would cause, quote, irreparable harm to our nation's economy.
00:13:30.720The only irreparable harm that's being caused by any of this is Jerome Powell's Federal Reserve trying to use his awesome position to undermine the duly elected president of the United States.
00:13:40.880The only irreparable harm is keeping interest rates and mortgage rates by extension near 25-year highs, denying hundreds of thousands of Americans every single month their ability to buy a home.
00:13:50.980Steve, if you can't buy a home because you can't get a mortgage, you can't start or grow your family.
00:13:56.100What the Federal Reserve is doing is literally anti-American because it's stopping millions of our citizens from starting or growing their families because they can't get a mortgage.
00:14:04.820And as a result of that, they cannot get a home.
00:14:08.160And so this is about bringing real accountability.
00:14:10.300We did that first with our anti-DEI ETF, SPXM.
00:14:14.180We are doing that today with Azoria v. Powell.
00:15:18.280As BRICS nations push forward with their plans, global demand for U.S. dollars will decrease,
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00:15:33.420The Rio Reset in July marks a pivotal moment when BRICS objectives move decisively from a theoretical possibility towards inevitable reality.
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00:16:57.280Don't Democrats, though, have to secure their base before they can secure the major election in the entire country?
00:17:02.720They do, but this is a significant change from eight years ago.
00:17:07.640The way the Democrats, broadly speaking, viewed Donald Trump eight years ago was that he was an aberration, that the way Joe Biden talked about, frankly, is that you beat him in 2020 and the Trump legacy is going to be erased.
00:17:19.920His style of politics is going to vanish.
00:17:21.620Republicans are going to have a fever break, as Barack Obama said, for quite a while, and the country will change.
00:17:28.980And they're not having a press conference saying we don't think the same, or you're seeing it in these sorts of actions where there are tactics they admit Donald Trump uses very well that are not going to voters and showing them a chart that proves the Democrats are correct, that are grabbing attention, that are being insulting, that are being mean.
00:17:44.600I mean, I'd recommend reading that whole profile and everything else that Lane Godfrey writes, but some of what Crockett has done has been insulting in ways that Democrats usually apologize for, like calling Governor Abbott in Texas Governor Hot Wheels, and she didn't apologize.
00:17:59.120She kind of explained that she wasn't talking about his disability.
00:18:02.780But that is the sort of attitude the Democrats used to say.
00:18:36.820However, they do have, like, Mandami in New York, and that's not really, that's this new, even more radical, if you can believe it or not, even more radical than Obama, or kind of the offsprings of Obama and Obama's tenure.
00:18:53.040You now have, you know, what I call the red-green merger.
00:18:58.260Marxism, neo-Marxism with radical jihad.
00:19:00.920And you're seeing this sprout up all over.
00:19:03.980That's where they've got some momentum, and that's where they've got some heat, not to get majorities, but in these areas like in New York City, where he's running against a couple of candidates.
00:19:12.060This guy can, you know, win with 40 percent or 44, 45 percent.
00:19:16.000At the same time, I think they're poised for a big win in Texas unless somebody gets their act together.
00:19:25.500I spent the afternoon with different people in Texas on this very problem, in that with the Democrats being shattered because they now realize that the MAGA movement is here to stay and only going to grow and get bigger.
00:19:41.920That's why President Trump's our leader, and one of the reasons I support President Trump for 28, and I think there's many different ways you can do that, is that this is a reformulation of American politics.
00:19:53.680Like 1932 and the coalition we're putting together is very broad and very deep.
00:19:58.360But they need a victory, and I think they're going to see a victory down in Texas and people in Texas at the senior levels.
00:20:06.960And I'm talking Abbott and Patrick, and let's be blunt about these guys.
00:20:11.080On two big issues down in Texas, number one, the impeachment of General Paxton, Attorney General Paxton, they were very weak until the war room and other grassroots organizations got together and had a firestorm after the House impeached him.
00:20:29.440And even then, Lieutenant Governor Patrick was kind of trying to play both sides against the middle or trying to have it both ways until we created, helped create a firestorm with other folks.
00:20:37.760And, of course, he was impeached, but he was not removed from office.
00:20:42.840And now he's up, I don't know, 20 points in a Senate race in the early days of it and raising a ton of money for the United States Senate against a rhino, one of the hardest rhino incumbents, Cornyn.
00:21:03.060Remember, they'd be down there and taking the barbed wire down that we were trying to get up.
00:21:07.480They they they that local sheriffs and local people were putting up.
00:21:11.820The state of Texas state authorities were horrific until we put the spotlight on because neither Abbott or Patrick can take the heat.
00:21:19.760You put the you put the spotlight on them, they're going to heave to this situation in, you know, and I think President Trump and other people associated with it are kind of banking these five seats.
00:21:32.960This is one of the reasons DeSantis jumped in here.
00:21:36.400DeSantis said, hey, this is politically, you know, Abbott could be a competitor of mine if he gets those five seats or when he gets those five seats.
00:21:45.540You know, he's come forward with five seats for redistricting.
00:21:48.760And now there's talk in commerce and other places that, hey, maybe we just do a mid a mid decade, a mid decade census because you can do it.
00:22:00.060Doesn't say you can't do we just have to do one every 10 years.
00:22:02.840You go back and do another one in 2030.
00:26:34.280In Texas alone, maybe the difference in President Trump, they're trying to impeach him.
00:26:38.040Hakeem Jeffries ain't going down there for his looks, okay?
00:26:40.500He's going down there to, one, put the shoulder to a wheel, but also to make sure he gets credit for this, they smell blood.
00:26:47.800This is just like up here I said today, I broke it today, that you can tell what the Senate's going to do.
00:26:52.220The Senate's going to drop a big, oh, they're pretending right now, go home in the next couple of days and come back and drop a massive omnibus bill that the Republican senators have worked with the Democrats,
00:27:02.620and they're going to put it out in the third week of September and say, suck on this.
00:27:06.300We don't have the appropriations done.
00:27:07.660President Trump is on a roll, don't want to shut down his government.
00:27:10.420So this is what we've got to keep the government open.
00:28:03.640Look at the work they're doing with really, as they say, let's use the saying, the Civil War, you're going into battle with one boot on.
00:28:11.200We're going to take a short commercial break.
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