Bannon's War Room - Episode 5080： Live From Davos; President Trump U Turns On Chagos Islands

00:00:00.000 Please raise your right hand and repeat after me.

00:00:03.680 I, Donald John Trump, do solemnly swear

00:00:06.340 I, Donald John Trump, do solemnly swear

00:00:09.380 that I will faithfully execute

00:00:11.360 that I will faithfully execute

00:00:13.800 the office of President of the United States

00:00:16.520 the office of President of the United States

00:00:19.680 and will, to the best of my ability

00:00:21.680 and will, to the best of my ability

00:00:24.520 preserve, protect, and defend

00:00:26.440 preserve, protect, and defend

00:00:28.580 the Constitution of the United States

00:00:30.520 the Constitution of the United States

00:00:32.680 so help me God

00:00:33.520 so help me God

00:00:34.540 congratulations Mr. President

00:00:58.580 Trump exhaustion syndrome

00:01:07.880 and dives into the non-stop

00:01:10.400 and frantic developments

00:01:11.660 surrounding President Trump's first year

00:01:14.060 back in office

00:01:14.940 and how Americans just can't seem to keep up

00:01:17.980 the report chronicles Trump's attempts

00:01:20.300 to expand his power over the past year

00:01:23.360 and why seemingly no one

00:01:25.720 has been able to stop him

00:01:27.540 Again, I would say this is the same kind of hysteria

00:01:30.380 that we heard on April 2nd

00:01:32.280 There was a panic

00:01:33.900 and what I am urging everyone here to do

00:01:36.800 is sit back, take a deep breath

00:01:39.560 and let things play out

00:01:41.820 As I said on April 2nd

00:01:43.820 the worst thing countries can do

00:01:46.020 is escalate against the United States

00:01:48.960 It feels, Joe, like I'm sitting here in Davos

00:01:51.260 waiting for Storm Trump to arrive

00:01:52.880 and nobody really knows

00:01:54.240 is he going to come here with a message

00:01:55.520 that is more conciliatory

00:01:56.840 having said he had a good conversation

00:01:59.040 with Mark Rutte

00:01:59.680 the Secretary General of NATO

00:02:00.860 or is he going to come here

00:02:02.360 and escalate things

00:02:03.280 I mean, if this is a kind of reality show

00:02:05.100 what's the next plot twist going to be

00:02:06.740 that he's going to offer us

00:02:08.460 and really Europeans are bewildered

00:02:10.820 but I think what they have taken on board

00:02:13.100 is that this is a permanent shift

00:02:15.200 and I think that's something

00:02:16.520 it's taken Europe a while to adjust to

00:02:18.800 but you just heard

00:02:19.700 I was listening to the President

00:02:21.040 of the European Union

00:02:22.660 Ursula von der Leyen

00:02:23.980 here in Davos

00:02:24.740 giving the opening remarks

00:02:25.820 here's what she said

00:02:26.540 Nostalgia is part of the human condition

00:02:28.920 but nostalgia will not bring back

00:02:31.360 the old order

00:02:32.360 so Europe realizes

00:02:33.400 it has to prepare to defend itself

00:02:35.120 now it has to deal with this emergency

00:02:37.140 over Greenland

00:02:38.200 and you've got President Trump

00:02:40.620 attacking some of his closest allies

00:02:42.700 we've said for a while, Joe

00:02:44.240 he has a better relationship with Macron

00:02:46.360 he has a better relationship with Starmer

00:02:48.240 when he goes and releases their private communications

00:02:51.260 and attacks Keir Starmer

00:02:52.520 for a great act of stupidity

00:02:54.460 it doesn't do much to shore up

00:02:56.260 his relationships in Europe

00:02:57.400 and all of this as we've been saying

00:02:59.000 to the benefit of Russia 0.83

00:03:00.220 to the benefit of China 0.64

00:03:01.580 and the decision to delink

00:03:04.140 the US dollar from gold

00:03:06.680 in an instant

00:03:08.580 the foundations of the Bretton Woods system

00:03:11.360 and the entire global economic order

00:03:14.520 set up after the war

00:03:16.380 effectively collapsed

00:03:18.880 but it also had two major effects

00:03:22.220 it inadvertently

00:03:25.860 created the conditions

00:03:27.640 for what would become

00:03:28.740 a truly global order

00:03:30.880 and it provided a sharp lesson

00:03:34.620 for Europe and on the need

00:03:36.580 to strengthen its economic

00:03:38.820 and political power

00:03:39.900 it was a warning

00:03:42.360 to reduce our dependencies

00:03:43.840 in this case

00:03:45.560 on a foreign currency

00:03:47.820 the world may be

00:03:50.440 very different today

00:03:52.000 without any question

00:03:53.200 but I believe

00:03:54.180 the lesson

00:03:55.240 is very much the same

00:03:57.260 that geopolitical shocks

00:04:00.500 can and must

00:04:02.420 serve as an opportunity

00:04:04.280 for Europe

00:04:04.920 okay

00:04:08.140 welcome

00:04:09.000 it is Tuesday

00:04:10.220 20 January

00:04:10.940 year of alert

00:04:11.460 2026

00:04:12.180 one year

00:04:13.160 to the day

00:04:14.160 of President Trump

00:04:15.600 returning

00:04:16.140 to set things right

00:04:17.400 we have a longer

00:04:19.320 cold open

00:04:19.960 and it's magnificent

00:04:20.760 I want to compliment

00:04:21.420 my team for the first part

00:04:22.720 just magnificent

00:04:23.460 but

00:04:24.620 we have a very special guest

00:04:26.400 and we want to get to it

00:04:27.340 it's the Secretary of Treasury

00:04:28.480 Scott Besson

00:04:30.240 Mr. Secretary

00:04:33.040 you led the advance guard

00:04:35.260 over there

00:04:36.040 before the President arrived

00:04:38.220 your message yesterday

00:04:39.620 was take a deep breath

00:04:40.940 Ursula Vandele

00:04:42.480 and the others saying

00:04:43.420 hey we understand

00:04:44.200 this is a permanent shift

00:04:45.460 we have to think

00:04:46.680 about this permanently

00:04:47.580 the markets are

00:04:49.440 you've been promoting

00:04:50.680 and saying

00:04:51.300 hey look

00:04:51.720 the Trump trade

00:04:52.520 is a smart trade

00:04:53.920 the markets this morning

00:04:54.900 looks like they may

00:04:55.660 be questioning that

00:04:56.800 Dalio came out

00:04:59.320 and said

00:04:59.560 we may be going

00:05:00.280 to capital wars

00:05:01.340 where Europe

00:05:02.280 are going to reallocate

00:05:03.280 away from the United States

00:05:04.800 your assessment

00:05:05.880 because you started off

00:05:06.980 there was a lot of swagger

00:05:08.540 when the United States

00:05:10.120 showed up

00:05:11.500 is there going to be

00:05:12.120 continued swagger

00:05:13.020 when the President arrives

00:05:14.220 Steve

00:05:17.560 good to be with you

00:05:19.000 and you know

00:05:19.960 I can tell you here

00:05:20.820 in Davos

00:05:21.340 remember

00:05:21.820 their paper

00:05:23.120 a few years ago

00:05:23.920 that we should all

00:05:24.600 be eating insects

00:05:25.600 and given the food here

00:05:26.980 I think I'd rather

00:05:27.620 eat insects

00:05:28.440 but to be serious

00:05:36.420 the President's got

00:05:38.120 plenty to swagger about

00:05:39.300 it's been an incredible year

00:05:40.860 peace deals

00:05:41.700 tax deals

00:05:42.360 trade deals

00:05:43.160 the Atlanta Fed

00:05:45.080 GDP numbers

00:05:46.120 5.3%

00:05:47.440 forward inflation

00:05:48.480 looks like it could be

00:05:50.340 at the Fed's target

00:05:51.500 by the end of the summer

00:05:52.640 and we've got

00:05:54.040 the hottest

00:05:54.460 economy

00:05:55.760 on earth

00:05:57.240 now the Europeans 0.88

00:05:58.780 are very good

00:05:59.800 at value signaling

00:06:01.260 and if you remember

00:06:03.120 probably their most

00:06:04.840 strident moment

00:06:05.800 their most strident moment

00:06:07.060 against Russia

00:06:08.180 Ukraine

00:06:09.800 was when they

00:06:11.060 they put the Ukraine 0.76

00:06:12.740 shown the Ukraine flag

00:06:14.480 up on the side

00:06:15.340 of the EU

00:06:16.320 parliament building

00:06:17.180 I am sure

00:06:18.420 that Vladimir Putin

00:06:19.840 was quaking

00:06:20.840 in his

00:06:21.940 in his boots

00:06:24.240 so

00:06:25.360 look

00:06:26.120 the Europeans

00:06:28.460 they like to talk

00:06:29.720 in these big terms

00:06:30.420 they like to talk

00:06:31.580 they like to talk

00:06:32.520 in these big terms

00:06:33.400 and

00:06:34.420 I

00:06:35.280 there

00:06:36.280 there are allies

00:06:37.340 they want to be

00:06:38.280 under the US umbrella

00:06:39.520 and

00:06:40.480 they will be

00:06:41.360 let's go to

00:06:47.200 I want to talk about

00:06:48.240 Ursula Vandele

00:06:49.400 she kind of gave

00:06:50.240 a history

00:06:50.800 of the US currency

00:06:52.400 as Bretton Woods

00:06:53.600 and you know

00:06:54.200 about the Nixon

00:06:55.020 coming off the gold standard

00:06:56.260 she implied

00:06:57.680 that

00:06:58.980 that's actually

00:06:59.760 going to be in question

00:07:00.660 when she talked about

00:07:01.420 a new geopolitical

00:07:02.640 realignment

00:07:03.800 she implied

00:07:04.840 that this has to do

00:07:05.900 with the US currency

00:07:07.240 then Ray Dalio

00:07:09.060 came up

00:07:09.600 and said

00:07:10.060 hey you may see

00:07:10.840 a reallocation

00:07:11.620 we may be heading

00:07:12.460 into a time

00:07:13.200 of capital wars

00:07:14.480 under your stewardship

00:07:16.020 it's been quite evident

00:07:17.880 with the president's

00:07:19.120 strategy

00:07:19.840 and you executing

00:07:21.080 that the Europeans

00:07:22.440 have piled into

00:07:23.360 the

00:07:23.620 have piled into

00:07:24.660 what you call

00:07:25.360 the Trump trade

00:07:26.600 the America first trade

00:07:27.920 the MAGA trade

00:07:29.180 are you concerned

00:07:30.520 at all

00:07:30.960 not just the geopolitical

00:07:32.300 realignment

00:07:32.900 but the

00:07:33.340 I don't know

00:07:34.060 it's a hundred trillion

00:07:35.260 dollars of assets

00:07:36.220 I think the Europeans 0.99

00:07:37.520 own

00:07:37.820 of our stocks

00:07:38.720 and our bonds

00:07:39.480 sir

00:07:40.000 well Steve

00:07:43.380 a couple of things

00:07:44.360 and I

00:07:45.140 wanted to backtrack

00:07:46.540 for a moment

00:07:47.580 because

00:07:48.180 I

00:07:49.700 don't believe

00:07:51.080 that the markets

00:07:52.020 are going down

00:07:53.020 or I don't believe

00:07:54.440 the primary catalyst

00:07:55.360 for the market

00:07:55.960 going down

00:07:56.760 is the kerfuffle

00:07:58.600 over Greenland

00:07:59.600 I believe

00:08:00.640 the markets

00:08:01.140 are going down

00:08:01.800 because the Japanese

00:08:02.840 bond market

00:08:03.700 had a six standard

00:08:05.520 deviation move

00:08:06.680 for the past

00:08:07.680 two days

00:08:08.420 that would be

00:08:09.320 in their 10 year

00:08:10.480 bonds

00:08:11.060 I've been in touch

00:08:13.140 with my economic

00:08:14.220 counterparts

00:08:14.860 in Japan

00:08:15.660 and urged them

00:08:16.960 to take the necessary

00:08:18.180 measures to stabilize

00:08:19.640 their bond market

00:08:20.620 but that's spilling

00:08:21.640 all over

00:08:22.360 into all bond markets

00:08:24.380 German yields are up

00:08:25.600 French yields are up

00:08:26.700 US yields are up

00:08:27.940 and again

00:08:30.280 it's mostly

00:08:31.860 the Japanese bond market

00:08:33.180 got nothing to do

00:08:34.300 with Greenland

00:08:34.920 and the Europeans

00:08:37.540 can shake their fist

00:08:38.600 they love regulation

00:08:40.060 they have low growth

00:08:42.380 and our message

00:08:44.900 to them

00:08:45.460 has been

00:08:46.160 come grow with us

00:08:48.020 be part of

00:08:49.280 our innovation economy

00:08:52.660 because Steve

00:08:53.800 imagine this

00:08:54.620 that Europe

00:08:55.660 has no cloud

00:08:56.960 of its own

00:08:57.540 it's the US

00:08:59.180 and China

00:09:00.220 how is it

00:09:01.820 that 400 million people

00:09:04.240 haven't been able

00:09:05.160 to develop that

00:09:06.060 and it's just

00:09:07.040 this over regulation

00:09:08.180 and not my words

00:09:10.080 Mario Draghi

00:09:11.040 the former

00:09:12.380 Prime Minister of Italy

00:09:13.940 former head

00:09:14.700 of the ECB

00:09:16.580 issued a gigantic report

00:09:19.340 called the Draghi

00:09:20.280 Competitiveness Report

00:09:21.540 and he said

00:09:22.840 that he believes

00:09:24.180 that goods

00:09:25.520 intra-Europe

00:09:27.100 are tariffed

00:09:28.440 at about 50%

00:09:29.780 services

00:09:30.440 are tariffed

00:09:31.160 at 100%

00:09:31.880 so it is just

00:09:33.820 this regulatory

00:09:35.000 morass

00:09:36.260 that Europe

00:09:39.260 they like to

00:09:40.860 export regulations

00:09:42.060 I've had many

00:09:43.280 of our great

00:09:44.260 US tech executives

00:09:45.920 some I know

00:09:46.640 you take shots

00:09:48.800 at rightly

00:09:49.600 tell me

00:09:50.980 that it's easier

00:09:51.620 to do business

00:09:52.280 in China

00:09:52.940 than in the EU

00:09:54.100 a lot of people

00:09:59.020 don't realize

00:09:59.600 your expertise

00:10:00.240 in Asia

00:10:01.120 and East Asia

00:10:01.800 I want to go

00:10:02.220 to Japan

00:10:02.620 for a minute

00:10:03.120 since it's such

00:10:03.880 a significant ally

00:10:04.860 for us

00:10:05.540 and the new

00:10:06.420 Prime Minister

00:10:06.920 has been

00:10:07.340 really I think

00:10:08.100 President Trump's

00:10:08.820 one of his

00:10:09.180 strongest supporters

00:10:09.960 she announced

00:10:10.600 the snap election

00:10:11.500 but she also 1.00

00:10:12.680 announced

00:10:13.200 she was going

00:10:14.240 to have a new

00:10:14.640 economic model

00:10:15.700 is that's what's

00:10:17.060 driving this turmoil

00:10:17.960 in the Japanese

00:10:19.080 bond market

00:10:20.380 or the world

00:10:21.060 bond market

00:10:21.680 is her new plan

00:10:22.840 or the fact

00:10:23.720 she called a snap

00:10:24.480 election

00:10:24.880 because she's

00:10:25.380 riding a wave

00:10:25.960 of popularity

00:10:26.620 and she's quite

00:10:28.020 veritantly

00:10:29.400 anti-CCP

00:10:30.580 and very pro

00:10:31.420 the American

00:10:33.020 alliance

00:10:34.260 in East Asia

00:10:35.160 between Korea

00:10:35.940 Japan

00:10:36.460 Taiwan

00:10:37.540 and the United States

00:10:38.720 look

00:10:41.580 the Prime Minister

00:10:42.540 is fantastic

00:10:43.400 she's very popular

00:10:45.160 she's called

00:10:45.700 this snap election

00:10:46.520 to give her

00:10:47.860 a longer mandate

00:10:49.300 but I think

00:10:51.480 that they failed

00:10:52.480 to recognize

00:10:53.340 Abenomics

00:10:55.080 was a reflationary

00:10:56.920 program

00:10:57.440 brought Japan 0.96

00:10:58.500 out of

00:10:59.500 20 years

00:11:01.020 of a malaise

00:11:02.660 a deflationary

00:11:03.820 malaise

00:11:04.300 but that program

00:11:05.840 has been running

00:11:06.840 for 14 years

00:11:08.040 so what Japan

00:11:09.740 doesn't need

00:11:10.400 is more stimulus

00:11:11.780 what they do need

00:11:13.700 is to let the BOJ

00:11:15.080 do their job

00:11:16.160 so I'm confident

00:11:17.780 that she

00:11:19.640 the economic team

00:11:20.920 will do

00:11:21.820 whatever it takes

00:11:22.760 to stabilize

00:11:23.420 the message

00:11:24.320 you

00:11:28.320 walked the audience

00:11:30.580 through

00:11:30.900 for months

00:11:31.900 and months

00:11:32.240 and months

00:11:32.660 to say

00:11:33.040 hey look

00:11:33.520 the big beautiful

00:11:34.480 bill is a supply

00:11:35.360 side tax cut

00:11:36.360 here's the bet

00:11:37.140 we're making

00:11:37.600 it's the last chance

00:11:38.420 we've got

00:11:38.900 to really do

00:11:39.380 supply side

00:11:40.060 to focus on

00:11:40.800 manufacturing

00:11:41.420 growing manufacturing

00:11:42.480 also

00:11:43.380 the tariff deals

00:11:44.700 you had a brilliant

00:11:45.720 defense of it

00:11:46.340 I think

00:11:46.660 we played some clips

00:11:47.540 at the top

00:11:48.160 of the cold open

00:11:48.900 about redoing

00:11:50.360 the commercial

00:11:50.820 relationships

00:11:51.500 and how significant

00:11:52.460 that was working

00:11:53.520 also to drive

00:11:54.400 manufacturing

00:11:55.220 today I think

00:11:56.640 or yesterday

00:11:57.140 they announced

00:11:57.740 the deficit

00:11:58.340 for last year

00:11:59.120 over $2 trillion

00:12:00.180 up to $39 trillion

00:12:01.980 debt

00:12:03.220 you've told our audience

00:12:04.820 for a long time

00:12:05.600 and said

00:12:05.860 hey look

00:12:06.400 we've got

00:12:07.020 our last chance

00:12:08.140 to try to grow

00:12:08.760 our way out of here

00:12:09.720 now the Atlanta Fed

00:12:11.220 is saying

00:12:11.700 real growth

00:12:12.780 particularly in the private

00:12:15.380 sector is over 5%

00:12:16.740 do you still hold

00:12:18.100 with that

00:12:18.520 that you and

00:12:19.420 President Trump

00:12:20.000 believe we can

00:12:20.680 actually grow

00:12:21.540 our way out of here

00:12:23.180 and that somehow

00:12:24.140 in some future time

00:12:25.680 this year

00:12:26.160 later this year

00:12:26.800 next year

00:12:27.180 we're going to start

00:12:27.640 getting our arms

00:12:28.300 around the stimulus

00:12:29.640 we're putting into

00:12:30.400 the economy

00:12:30.920 the $2 trillion

00:12:31.580 deficits

00:12:32.280 well Steve

00:12:35.300 for the calendar year

00:12:37.220 the deficit

00:12:38.100 actually went down

00:12:39.200 by about

00:12:39.720 $200 billion

00:12:41.300 and a

00:12:42.640 big reason for that

00:12:43.820 was President Trump's

00:12:45.000 tariffs

00:12:45.380 so we had

00:12:47.440 a fiscal contraction

00:12:49.000 and then we grew

00:12:50.600 the GDP

00:12:51.300 call it 3%

00:12:54.180 with about

00:12:54.720 2.5% inflation

00:12:56.120 so the

00:12:57.300 really important

00:12:58.440 number to look

00:12:59.140 at here

00:12:59.840 is the deficit

00:13:01.260 to GDP

00:13:01.900 so 2024

00:13:04.240 deficit

00:13:05.440 to GDP

00:13:06.100 calendar year

00:13:07.080 not fiscal year

00:13:08.020 was 6.9%

00:13:10.060 this past year

00:13:12.580 2025

00:13:13.340 5.4%

00:13:15.300 so we have

00:13:16.480 made a

00:13:17.040 substantial dent

00:13:18.260 in the

00:13:19.300 deficit

00:13:19.960 to GDP

00:13:20.560 that's the

00:13:21.480 important number

00:13:22.180 that shows

00:13:22.880 that we are

00:13:23.500 growing our

00:13:24.280 way out of this

00:13:24.940 so we

00:13:25.880 brought the

00:13:27.140 numerator down

00:13:28.120 and we grew

00:13:29.260 the denominator

00:13:30.000 and if we

00:13:31.440 keep this up

00:13:32.180 we're well

00:13:33.240 on my

00:13:33.780 we're well

00:13:35.320 on the way

00:13:36.320 to my

00:13:37.120 3%

00:13:38.240 deficit

00:13:38.740 to GDP

00:13:39.340 by the time

00:13:40.020 the president

00:13:40.500 leaves office

00:13:41.340 and Steve

00:13:45.680 the other

00:13:48.320 thing

00:13:48.580 I just want

00:13:50.900 to say

00:13:51.180 the other

00:13:51.800 thing that's

00:13:52.180 important here

00:13:52.760 too

00:13:53.200 the other

00:13:54.420 thing that's

00:13:54.800 important here

00:13:55.340 too

00:13:55.720 is what

00:13:56.680 is

00:13:57.220 the reason

00:13:58.760 we're not

00:13:59.220 making more

00:13:59.880 progress on

00:14:00.580 the deficit

00:14:01.060 is because

00:14:01.760 we are doing

00:14:02.780 the immediate

00:14:03.640 expensing

00:14:04.600 of equipment

00:14:06.100 of factory

00:14:07.540 structures

00:14:08.380 and of

00:14:09.360 farm

00:14:10.000 structures

00:14:10.540 and that

00:14:12.180 is

00:14:12.740 productive

00:14:13.880 that is

00:14:15.620 productive

00:14:16.220 spending

00:14:16.740 and so we

00:14:18.240 take a

00:14:18.640 tax hit

00:14:20.800 on that

00:14:21.280 up front

00:14:21.860 that

00:14:22.680 business

00:14:23.520 people

00:14:23.900 any of your

00:14:25.780 viewers who

00:14:26.300 have small

00:14:26.700 businesses

00:14:27.160 they buy an

00:14:28.160 office computer

00:14:28.760 they can write

00:14:29.260 100% of it

00:14:30.260 off

00:14:30.680 they build

00:14:33.180 a new

00:14:33.580 farm shed

00:14:34.740 they can write

00:14:35.380 100% of that

00:14:36.360 off

00:14:36.720 but you're

00:14:38.840 increasing the

00:14:40.100 tax revenues

00:14:41.880 the year after

00:14:43.220 the following

00:14:43.840 years

00:14:44.180 so it's not

00:14:45.440 just social

00:14:46.280 spending that

00:14:46.920 goes out the

00:14:47.440 door never to

00:14:48.040 be seen again

00:14:48.740 we are

00:14:49.600 pulling the

00:14:50.840 rubber band

00:14:51.780 back further

00:14:52.480 and further

00:14:53.100 so our

00:14:54.260 economic potential

00:14:55.560 gets bigger

00:14:56.300 and bigger

00:14:56.720 you know

00:14:59.400 we've heard

00:14:59.720 numbers thrown

00:15:00.220 around 19 tree

00:15:01.100 here 9 tree

00:15:01.860 and here

00:15:02.080 whatever

00:15:02.340 but are you

00:15:03.160 comfortable

00:15:03.840 because this

00:15:04.680 is the key

00:15:05.080 to the plan

00:15:05.480 are you

00:15:05.760 comfortable

00:15:06.180 you're seeing

00:15:06.880 from the

00:15:07.740 big beautiful

00:15:08.220 bill

00:15:08.560 and from

00:15:09.400 the imposition

00:15:10.460 of the

00:15:11.020 of the

00:15:11.580 tariffs

00:15:11.880 of the

00:15:12.100 redoing

00:15:12.480 commercial

00:15:12.920 relationships

00:15:13.680 the capital

00:15:14.960 coming back

00:15:15.700 into the

00:15:16.060 United States

00:15:16.580 and starting

00:15:17.040 to basically

00:15:17.600 make the

00:15:18.120 investments

00:15:18.580 I mean

00:15:18.960 the last

00:15:19.440 time I think

00:15:19.840 we caught

00:15:20.200 up with you

00:15:20.720 was at a

00:15:21.900 factory in

00:15:22.440 South Carolina

00:15:23.120 where a

00:15:23.860 I think it

00:15:24.500 was a German

00:15:25.040 company

00:15:25.900 was putting

00:15:26.840 a major

00:15:27.420 capital

00:15:28.280 expenditure

00:15:29.280 in to

00:15:29.780 revamp

00:15:30.520 I think

00:15:30.820 it was

00:15:30.960 around

00:15:31.180 magnets

00:15:31.680 and rare

00:15:32.300 earths

00:15:32.780 are you

00:15:33.260 comfortable

00:15:33.600 right now

00:15:34.140 when you

00:15:34.540 advise the

00:15:35.080 president

00:15:35.440 that this

00:15:36.000 is going

00:15:36.460 down the

00:15:36.900 path

00:15:37.300 and that

00:15:38.600 you say

00:15:39.360 because the

00:15:40.060 semaphore

00:15:41.020 just had

00:15:41.480 all the

00:15:41.800 Wall Street

00:15:42.340 economists

00:15:42.840 I think

00:15:43.160 20 of

00:15:43.700 them

00:15:43.880 did their

00:15:44.680 assessment

00:15:45.140 surprisingly

00:15:46.280 they back

00:15:47.880 up you

00:15:48.500 and the

00:15:48.760 president

00:15:49.140 of what

00:15:49.480 2026

00:15:50.120 is going

00:15:50.480 to look

00:15:50.720 like

00:15:50.960 well I

00:15:54.780 think it

00:15:55.460 could be

00:15:55.960 even

00:15:56.560 bigger

00:15:57.120 and the

00:15:58.480 last time

00:15:59.840 I joined

00:16:00.280 you was

00:16:01.340 in Sumter

00:16:01.920 South Carolina

00:16:02.740 it is a

00:16:04.280 German company

00:16:06.280 but owned

00:16:06.980 by an investor

00:16:07.680 group in

00:16:08.200 Texas

00:16:08.480 so really

00:16:09.020 an American

00:16:09.500 company

00:16:10.040 that went

00:16:10.820 out a couple

00:16:11.840 years ago

00:16:12.440 and talk

00:16:12.980 about great

00:16:13.800 foresight

00:16:14.400 they saw

00:16:15.200 what was

00:16:15.560 coming with

00:16:16.160 the Chinese

00:16:16.680 with the

00:16:17.180 magnets

00:16:17.540 so they

00:16:18.200 went to

00:16:18.660 Germany

00:16:19.040 acquired

00:16:19.860 this

00:16:20.140 company

00:16:20.580 has

00:16:22.140 production

00:16:22.540 facilities

00:16:23.100 in Germany

00:16:23.680 they've

00:16:23.980 come to

00:16:24.320 Sumter

00:16:24.580 South Carolina

00:16:25.360 for the

00:16:26.000 first time

00:16:26.480 in 25

00:16:26.960 years

00:16:27.420 US

00:16:28.140 on US

00:16:28.920 soil

00:16:29.220 made a

00:16:29.880 rare earth

00:16:30.500 magnet

00:16:30.900 they're going

00:16:31.300 to be

00:16:31.560 producing

00:16:31.940 a lot

00:16:32.240 more

00:16:32.540 we will

00:16:33.640 be

00:16:33.900 independent

00:16:34.440 you can't

00:16:35.080 have

00:16:35.400 sovereignty

00:16:36.520 without

00:16:37.860 controlling

00:16:38.820 your supply

00:16:39.500 chain

00:16:39.900 and we're

00:16:40.920 seeing that

00:16:41.320 again and

00:16:41.680 again

00:16:41.900 because

00:16:42.200 after I

00:16:42.800 was on

00:16:43.060 your show

00:16:43.500 I went

00:16:44.200 down to

00:16:44.600 my hometown

00:16:45.140 Charleston

00:16:45.740 South Carolina

00:16:46.580 Boeing

00:16:47.660 is

00:16:48.360 expanding

00:16:48.900 their

00:16:49.520 Dreamliner

00:16:50.360 factory

00:16:51.380 there

00:16:51.820 by 50%

00:16:53.240 due to

00:16:53.940 all the

00:16:54.400 new orders

00:16:54.920 that President

00:16:55.440 Trump drummed

00:16:56.480 up as part

00:16:57.500 of the trade

00:16:57.940 deals

00:16:58.240 every one

00:16:59.240 of the trade

00:16:59.800 deals

00:17:00.180 not only

00:17:00.940 are we

00:17:01.180 getting

00:17:01.400 tariff

00:17:01.820 income

00:17:02.140 but we

00:17:02.920 are also

00:17:03.660 encouraging

00:17:04.320 ag purchases

00:17:05.240 substantial

00:17:06.340 industrial

00:17:06.980 purchases

00:17:07.580 and Steve

00:17:08.880 on the

00:17:09.320 other side

00:17:10.280 with President

00:17:11.340 Trump's

00:17:11.980 leadership

00:17:12.560 and

00:17:13.520 Jameson

00:17:14.160 Greer's 0.93

00:17:14.680 encyclopedic

00:17:15.700 knowledge

00:17:16.320 of trade

00:17:17.480 he has

00:17:18.360 just

00:17:18.600 gone

00:17:18.960 through

00:17:19.480 and

00:17:20.440 cut out

00:17:21.980 all the

00:17:22.640 tariffs

00:17:23.100 that our

00:17:24.460 American

00:17:25.140 exporters

00:17:25.940 pay

00:17:26.300 and all

00:17:26.780 the

00:17:26.920 non-tariff

00:17:27.420 trade

00:17:27.740 barriers

00:17:28.140 so

00:17:28.920 we saw

00:17:29.980 a big

00:17:30.500 in the

00:17:30.860 third quarter

00:17:31.360 GDP

00:17:31.920 first time

00:17:32.740 in years

00:17:33.100 we saw

00:17:33.500 positive

00:17:34.020 contribution

00:17:34.700 to trade

00:17:35.380 instead of

00:17:36.120 a trade

00:17:36.460 deficit

00:17:36.900 when I

00:17:37.600 started

00:17:37.840 in the

00:17:38.040 investment

00:17:38.300 business

00:17:38.840 1980s

00:17:40.040 1990s

00:17:40.940 trade

00:17:41.220 always

00:17:41.580 had a

00:17:42.320 positive

00:17:42.680 contribution

00:17:43.440 then after

00:17:44.160 the

00:17:44.360 China

00:17:44.620 shock

00:17:44.980 it

00:17:45.100 never

00:17:45.320 did

00:17:45.700 and I

00:17:46.300 think

00:17:46.440 we can

00:17:46.700 get

00:17:46.900 used

00:17:47.780 to

00:17:47.980 having

00:17:48.300 a

00:17:48.600 positive

00:17:49.000 contribution

00:17:49.800 from

00:17:51.380 trade

00:17:51.940 instead of

00:17:52.640 as Ross

00:17:53.320 Perot said

00:17:53.900 that giant

00:17:54.380 sucking sound

00:17:55.220 that's what

00:17:57.900 shocks me

00:17:58.380 when you're

00:17:58.760 over there

00:17:59.300 and you've

00:18:00.020 got these

00:18:00.360 geopolitical

00:18:00.940 issues

00:18:01.280 about

00:18:01.580 Greenland

00:18:02.060 and Canada

00:18:02.620 and the

00:18:02.920 Arctic

00:18:03.240 North

00:18:03.740 and things

00:18:05.060 that President

00:18:05.560 Trump is

00:18:06.100 geopolitically

00:18:06.800 trying to

00:18:07.100 work out

00:18:07.440 and you're

00:18:07.800 trying to

00:18:08.740 assist

00:18:09.560 on both

00:18:10.780 the trade

00:18:11.140 deals

00:18:11.400 and the

00:18:11.660 finances

00:18:12.020 of it

00:18:12.500 China

00:18:13.160 announced

00:18:13.780 over a

00:18:14.860 one trillion

00:18:15.480 dollar

00:18:15.940 trade

00:18:16.500 surplus

00:18:17.180 a lot

00:18:18.200 of that

00:18:18.440 comes

00:18:18.680 from

00:18:18.880 Europe

00:18:19.140 now

00:18:19.500 I mean

00:18:19.840 do the

00:18:20.120 Europeans

00:18:20.600 not

00:18:21.120 really

00:18:21.460 understand

00:18:22.140 the

00:18:22.360 kind

00:18:22.500 of

00:18:22.620 geoeconomic

00:18:23.360 logic

00:18:24.040 of our

00:18:24.860 block

00:18:25.200 and obviously

00:18:25.880 the American

00:18:26.400 people

00:18:26.860 it's time

00:18:27.620 for the

00:18:27.880 Europeans

00:18:28.260 to stand

00:18:28.720 up and

00:18:29.020 pay more

00:18:29.380 for their

00:18:29.660 own

00:18:29.840 defense

00:18:30.260 but are

00:18:31.120 they

00:18:31.300 missing

00:18:31.620 the fact

00:18:32.200 of the

00:18:32.760 interconnectivity

00:18:34.200 of our

00:18:34.700 capital

00:18:35.060 markets

00:18:35.500 the

00:18:35.680 interconnectivity

00:18:36.560 of our

00:18:36.960 commerce

00:18:37.460 and that

00:18:38.280 the sucking

00:18:38.840 sound

00:18:39.220 you've got

00:18:39.820 particularly

00:18:40.220 for them

00:18:40.720 and especially

00:18:42.000 for places

00:18:42.540 like Germany

00:18:43.200 is now

00:18:44.280 the Chinese

00:18:46.020 Communist Party

00:18:46.780 did they fail

00:18:47.400 to understand

00:18:47.980 that?

00:18:50.660 Steve

00:18:51.260 it's a

00:18:51.760 complete

00:18:52.060 understanding

00:18:52.700 and it

00:18:53.700 goes back

00:18:54.240 to

00:18:54.560 I think

00:18:54.920 it was

00:18:55.100 2018

00:18:55.900 when

00:18:57.080 President Trump

00:18:58.800 met with

00:18:59.740 the head

00:19:01.160 of NATO

00:19:01.600 and said

00:19:02.980 why are you

00:19:04.120 doing Nord Stream 2

00:19:05.340 you were going

00:19:05.960 to regret

00:19:06.680 you were going

00:19:07.140 to regret

00:19:07.780 this cheap

00:19:09.200 Russian oil

00:19:09.920 and they

00:19:10.960 did

00:19:11.300 so

00:19:12.260 as I

00:19:13.620 continually

00:19:14.060 say

00:19:14.420 the Europeans

00:19:15.400 are still

00:19:16.200 sending

00:19:16.760 money to

00:19:17.640 Russia

00:19:18.040 for energy

00:19:19.080 in the

00:19:20.340 ultimate

00:19:21.220 amount

00:19:21.620 you couldn't

00:19:23.180 make it up

00:19:23.660 it is so

00:19:24.220 absurd

00:19:24.600 they are

00:19:25.020 financing

00:19:25.640 the war

00:19:26.180 against

00:19:26.480 themselves

00:19:26.940 and

00:19:28.620 so

00:19:29.340 it's the

00:19:29.960 same

00:19:30.280 kind of

00:19:30.600 thing

00:19:30.840 that

00:19:31.760 I told

00:19:32.980 when we're

00:19:33.420 doing the

00:19:34.160 negotiations

00:19:35.120 with our

00:19:35.940 European

00:19:36.300 partners

00:19:36.940 last summer

00:19:38.460 I told

00:19:39.160 them

00:19:39.380 we have

00:19:40.100 the tariff

00:19:40.640 wall up

00:19:41.080 on China

00:19:41.580 and these

00:19:42.900 goods are

00:19:43.400 going to

00:19:43.620 come

00:19:43.800 somewhere

00:19:44.200 they're

00:19:44.460 going to

00:19:44.660 go to

00:19:44.880 Canada

00:19:45.200 they're

00:19:45.460 going to

00:19:45.640 go to

00:19:45.840 Australia

00:19:46.260 they're

00:19:46.740 going to

00:19:46.980 go to

00:19:47.720 the UK

00:19:48.080 and mostly

00:19:48.900 they're

00:19:49.140 going to

00:19:49.360 come to

00:19:49.660 Europe

00:19:49.920 because

00:19:50.680 the

00:19:51.420 global

00:19:51.740 south

00:19:52.260 the

00:19:52.880 developing

00:19:53.380 markets

00:19:53.940 can't

00:19:54.380 absorb

00:19:54.680 them

00:19:54.940 and guess

00:19:55.820 what

00:19:56.100 they've

00:19:56.860 all

00:19:57.160 come ashore

00:19:57.800 in

00:19:58.260 Europe

00:19:58.540 and

00:19:59.540 there was

00:20:00.620 a headline

00:20:01.140 in the

00:20:01.400 Wall Street

00:20:01.800 Journal

00:20:02.140 that was

00:20:02.500 supposed

00:20:02.760 to be

00:20:03.200 derogatory

00:20:03.940 towards

00:20:04.380 the US

00:20:05.120 said

00:20:05.500 Germany

00:20:06.160 trades

00:20:07.420 more

00:20:07.780 with

00:20:08.180 China

00:20:08.600 than it

00:20:08.960 does

00:20:09.180 with

00:20:09.360 the

00:20:09.500 US

00:20:09.880 well

00:20:10.360 guess

00:20:10.600 what

00:20:10.880 that is

00:20:11.740 a bad

00:20:12.360 statistic

00:20:12.960 for

00:20:13.340 Germany

00:20:13.740 because

00:20:14.060 they

00:20:14.260 are

00:20:14.380 being

00:20:14.620 flooded

00:20:15.080 Steve

00:20:16.560 40%

00:20:18.000 40%

00:20:19.560 of the

00:20:20.560 cars

00:20:20.920 at the

00:20:21.360 Munich

00:20:21.700 auto

00:20:22.140 show

00:20:22.500 were

00:20:23.100 Chinese

00:20:23.520 cars

00:20:23.980 I

00:20:25.380 was

00:20:26.000 watching

00:20:26.540 TV

00:20:26.860 here

00:20:27.240 late

00:20:27.900 last

00:20:28.200 night

00:20:28.520 and

00:20:28.960 Bosch

00:20:29.820 legendary

00:20:30.840 auto

00:20:31.380 parts

00:20:31.720 supplier

00:20:32.160 here

00:20:32.480 I

00:20:33.100 think

00:20:33.240 they're

00:20:33.380 laying

00:20:33.620 off

00:20:33.800 13

00:20:34.300 or 15

00:20:34.860 thousand

00:20:35.260 people

00:20:35.720 and

00:20:36.260 there

00:20:36.380 are

00:20:36.420 all

00:20:36.540 these

00:20:36.740 signs

00:20:37.140 saying

00:20:37.460 whatever

00:20:37.740 happened

00:20:38.200 to

00:20:38.400 the

00:20:38.540 Bosch

00:20:38.860 family

00:20:39.280 got

00:20:40.660 exported

00:20:41.080 to

00:20:41.300 China

00:20:41.680 Larry

00:20:45.580 think

00:20:45.800 you know

00:20:46.020 we've

00:20:46.300 argued

00:20:46.620 here

00:20:46.880 for a

00:20:47.280 long

00:20:47.400 time

00:20:47.660 go

00:20:48.560 go ahead

00:20:48.720 go ahead

00:20:50.180 I was

00:20:51.820 going to

00:20:52.000 say

00:20:52.220 they

00:20:52.780 will

00:20:52.960 eventually

00:20:53.300 come

00:20:53.620 around

00:20:54.020 but

00:20:54.540 it's

00:20:54.880 going

00:20:55.020 to

00:20:55.080 be

00:20:55.240 slow

00:20:55.660 it's

00:20:56.440 going

00:20:56.560 to

00:20:56.620 be

00:20:56.760 painful

00:20:57.160 and

00:20:58.220 I

00:20:59.320 wish

00:20:59.900 them

00:21:00.020 the

00:21:00.140 best

00:21:00.500 we

00:21:01.380 are

00:21:01.800 still

00:21:02.280 NATO

00:21:02.840 allies

00:21:03.520 the

00:21:04.340 NATO

00:21:05.120 relationship

00:21:05.900 is

00:21:06.940 strong

00:21:07.420 and

00:21:08.400 President

00:21:10.280 Trump

00:21:10.720 just

00:21:11.140 believes

00:21:11.720 that

00:21:12.500 the

00:21:12.940 US

00:21:13.420 needs

00:21:13.880 Greenland

00:21:14.500 because

00:21:15.200 no

00:21:16.080 one

00:21:16.420 will

00:21:16.960 make

00:21:18.400 a

00:21:18.600 move

00:21:18.840 on

00:21:19.020 it

00:21:19.220 then

00:21:19.700 if

00:21:20.620 the

00:21:20.980 Europeans

00:21:21.620 have

00:21:22.220 it

00:21:22.360 if

00:21:22.600 Denmark

00:21:23.000 has

00:21:23.440 it

00:21:23.700 what

00:21:24.260 if

00:21:24.700 Russia

00:21:25.020 what

00:21:25.520 if

00:21:25.680 China

00:21:26.100 makes

00:21:27.600 a

00:21:27.780 move

00:21:28.100 then

00:21:28.500 we're

00:21:28.780 part

00:21:28.980 of

00:21:29.120 NATO

00:21:29.380 we'll

00:21:29.760 get

00:21:29.940 pulled

00:21:30.540 in

00:21:30.900 isn't

00:21:31.720 it

00:21:31.880 much

00:21:32.160 better

00:21:32.580 that

00:21:33.280 in

00:21:34.540 advance

00:21:35.160 just

00:21:35.700 to

00:21:36.040 cede

00:21:36.520 it

00:21:36.680 to

00:21:36.960 the

00:21:37.140 US

00:21:37.560 and

00:21:38.220 then

00:21:38.520 it

00:21:38.800 has

00:21:39.140 US

00:21:39.600 protection

00:21:40.180 because

00:21:40.860 I can

00:21:41.520 tell

00:21:41.720 you

00:21:41.860 I

00:21:42.240 believe

00:21:42.660 that

00:21:42.860 what

00:21:43.060 President

00:21:43.420 Trump

00:21:43.780 is

00:21:44.460 influenced

00:21:44.920 by

00:21:45.340 is

00:21:45.960 our

00:21:46.560 great

00:21:46.980 allies

00:21:47.620 in

00:21:48.400 the

00:21:48.540 UK

00:21:48.940 they

00:21:50.340 have

00:21:50.760 a

00:21:51.120 base

00:21:51.500 on

00:21:52.220 an

00:21:52.400 island

00:21:52.680 we

00:21:52.920 share

00:21:53.460 a

00:21:54.280 military

00:21:54.920 facility

00:21:55.540 on

00:21:56.160 an

00:21:56.320 island

00:21:56.640 called

00:21:57.100 Diego

00:21:57.500 Garcia

00:21:57.940 and

00:21:59.040 the

00:21:59.240 UK

00:21:59.520 is

00:22:00.100 giving

00:22:00.440 that

00:22:00.700 island

00:22:01.140 to

00:22:01.840 Mauritius

00:22:02.540 and

00:22:03.360 guess

00:22:03.700 who

00:22:03.860 was

00:22:04.000 behind

00:22:04.320 Mauritius

00:22:04.820 the

00:22:05.300 Chinese

00:22:05.660 so

00:22:06.740 we

00:22:07.460 needed

00:22:07.820 to

00:22:08.120 own

00:22:08.480 that

00:22:08.720 island

00:22:09.040 but

00:22:09.420 the

00:22:09.600 Brits

00:22:09.900 are

00:22:10.040 giving

00:22:10.280 it

00:22:10.460 up

00:22:10.720 now

00:22:13.360 we're

00:22:13.500 actually

00:22:13.800 as soon

00:22:14.300 as

00:22:14.420 you're

00:22:14.580 off

00:22:14.800 we're

00:22:14.940 going

00:22:15.040 to

00:22:15.160 pivot

00:22:15.740 we've

00:22:16.040 been

00:22:16.140 arguing

00:22:16.360 about

00:22:16.580 this

00:22:16.780 Diego

00:22:17.080 Garcia

00:22:17.480 situation

00:22:18.380 for

00:22:18.600 I'm

00:22:18.760 very

00:22:18.980 familiar

00:22:19.320 with

00:22:19.560 it

00:22:19.680 being

00:22:19.920 a

00:22:20.160 Pacific

00:22:20.760 fleet

00:22:21.060 sailor

00:22:21.460 that had

00:22:21.680 to cross

00:22:22.080 the Indian

00:22:22.440 ocean

00:22:22.700 and get

00:22:23.020 to the

00:22:23.300 North

00:22:23.480 Arabian

00:22:23.900 Sea

00:22:24.080 it's

00:22:24.300 absolutely

00:22:24.600 ridiculous

00:22:25.200 and

00:22:25.800 President

00:22:26.040 Trump

00:22:26.280 has

00:22:26.420 now

00:22:26.560 finally

00:22:26.860 come out

00:22:27.120 and said

00:22:27.320 it's

00:22:27.480 ridiculous

00:22:27.880 last

00:22:28.800 thing

00:22:29.120 Secretary

00:22:30.360 I know

00:22:30.640 you're

00:22:30.820 busy

00:22:31.060 but

00:22:31.380 Larry

00:22:32.220 Fink

00:22:32.560 the

00:22:32.740 new

00:22:32.960 mayor

00:22:33.300 of

00:22:33.560 Davos

00:22:34.160 and

00:22:40.720 Walsh

00:22:41.200 on

00:22:41.440 War Room

00:22:42.020 who's

00:22:42.620 now

00:22:42.800 in

00:22:42.940 the

00:22:43.060 government

00:22:43.320 has

00:22:43.440 been

00:22:43.540 very

00:22:43.760 focused

00:22:44.000 on

00:22:44.120 this

00:22:44.240 is

00:22:44.320 about

00:22:44.460 the

00:22:44.620 data

00:22:44.880 centers

00:22:45.300 Larry

00:22:46.600 Fink

00:22:46.900 finally

00:22:47.180 got

00:22:47.400 old

00:22:47.620 time

00:22:47.820 religion

00:22:48.220 he

00:22:48.600 said

00:22:48.860 today

00:22:49.260 that

00:22:49.580 hey

00:22:49.760 these

00:22:50.000 data

00:22:50.300 centers

00:22:50.660 can't

00:22:51.020 have

00:22:51.180 intermittent

00:22:51.640 power

00:22:52.120 that

00:22:52.720 solar

00:22:53.100 and

00:22:53.360 wind

00:22:53.780 it's

00:22:54.880 like

00:22:55.080 he's

00:22:55.460 preaching

00:22:55.780 out of

00:22:56.040 President

00:22:56.360 Trump's

00:22:57.080 the gospel

00:22:57.900 according

00:22:58.300 to

00:22:58.500 Trump

00:22:58.780 on

00:22:58.940 energy

00:22:59.340 he

00:22:59.780 says

00:23:00.000 we

00:23:00.460 can't

00:23:00.760 do

00:23:00.880 this

00:23:01.120 with

00:23:01.280 intermittent

00:23:01.640 power

00:23:02.100 that

00:23:02.360 solar

00:23:02.780 and

00:23:03.120 wind

00:23:03.400 is

00:23:03.560 not

00:23:10.720 also

00:23:10.980 the

00:23:11.160 water

00:23:11.380 needs

00:23:11.800 what

00:23:12.540 is

00:23:12.780 what

00:23:13.360 is

00:23:13.520 Secretary

00:23:13.960 Besson's

00:23:14.500 advice

00:23:14.940 to

00:23:15.200 Larry

00:23:15.420 Fink

00:23:15.760 listen

00:23:20.080 to

00:23:20.280 President

00:23:20.620 Trump

00:23:21.060 listen

00:23:22.160 to

00:23:22.340 President

00:23:22.620 Trump

00:23:22.920 because

00:23:23.240 President

00:23:23.960 Trump

00:23:24.420 idea

00:23:26.480 with

00:23:26.920 the

00:23:27.120 data

00:23:27.360 centers

00:23:27.780 was

00:23:28.220 to

00:23:28.440 allow

00:23:28.760 them

00:23:29.080 to

00:23:29.280 produce

00:23:29.640 their

00:23:29.840 own

00:23:30.000 power

00:23:30.380 and

00:23:30.900 if

00:23:31.200 you

00:23:31.340 look

00:23:31.600 all

00:23:31.880 over

00:23:32.160 Steve

00:23:32.500 that

00:23:33.420 their

00:23:34.000 facilities

00:23:34.780 nuclear

00:23:35.380 facilities

00:23:35.980 that are

00:23:36.340 being

00:23:36.580 reopened

00:23:37.260 they're

00:23:38.180 being

00:23:38.480 forced

00:23:39.000 to

00:23:39.520 create

00:23:40.440 their

00:23:40.700 own

00:23:40.980 power

00:23:41.440 supplies

00:23:42.100 and

00:23:43.100 I

00:23:43.420 think

00:23:43.940 because

00:23:44.500 of

00:23:44.680 this

00:23:44.840 public

00:23:45.180 backlash

00:23:45.680 we're

00:23:46.160 going

00:23:46.320 to

00:23:46.460 see

00:23:46.840 some

00:23:47.660 of

00:23:47.760 the

00:23:47.880 data

00:23:48.120 centers

00:23:48.600 the

00:23:48.980 communities

00:23:49.500 that are

00:23:49.900 near

00:23:50.100 them

00:23:50.320 may

00:23:50.540 actually

00:23:50.840 see

00:23:51.140 their

00:23:51.320 power

00:23:51.720 bills

00:23:52.580 go down

00:23:53.140 for

00:23:53.460 a couple

00:23:54.060 of

00:23:54.200 years

00:23:54.500 but

00:23:55.160 who

00:23:55.940 thought

00:23:56.600 that

00:23:56.800 that was

00:23:57.140 a good

00:23:57.380 idea

00:23:57.780 I

00:23:58.560 was

00:23:58.980 just

00:23:59.420 with

00:24:00.420 a

00:24:00.880 Spanish

00:24:02.060 business

00:24:03.500 person

00:24:03.940 and

00:24:04.460 I don't

00:24:05.000 know if

00:24:05.180 you

00:24:05.240 recall

00:24:05.640 the

00:24:06.240 lights

00:24:06.540 went out

00:24:06.940 in

00:24:07.120 Spain

00:24:07.460 because

00:24:07.860 they

00:24:08.140 were

00:24:08.320 so

00:24:08.760 dependent

00:24:09.320 on

00:24:10.400 solar

00:24:12.140 so

00:24:13.160 it's

00:24:13.820 just

00:24:14.140 not

00:24:14.660 reliable

00:24:15.340 I

00:24:16.220 do

00:24:16.680 have

00:24:16.900 to

00:24:17.080 say

00:24:17.420 that

00:24:18.180 I've

00:24:19.200 been

00:24:19.340 here

00:24:19.660 once or

00:24:20.580 twice

00:24:20.900 in

00:24:21.100 previous

00:24:21.540 years

00:24:22.000 didn't

00:24:22.560 like it

00:24:22.900 very much

00:24:23.520 we do

00:24:24.460 have to

00:24:24.740 give

00:24:24.960 Larry

00:24:25.340 Fink

00:24:25.640 the

00:24:25.820 credit

00:24:26.080 he

00:24:26.420 has

00:24:26.760 recentered

00:24:27.380 the

00:24:27.600 conversation

00:24:28.260 somewhat

00:24:29.320 it

00:24:30.660 it

00:24:30.680 it

00:24:30.880 is

00:24:31.060 not

00:24:31.380 completely

00:24:32.020 illogical

00:24:32.940 there

00:24:33.520 are

00:24:33.720 still

00:24:34.100 the

00:24:34.340 vestiges

00:24:35.040 of

00:24:35.560 the

00:24:36.180 ESG

00:24:37.180 and

00:24:37.460 DEI

00:24:38.220 and

00:24:38.840 Kumbaya

00:24:39.260 people

00:24:40.060 who

00:24:40.280 want

00:24:40.480 to

00:24:40.580 go

00:24:40.700 down

00:24:41.040 with

00:24:41.360 the

00:24:41.560 ship

00:24:41.800 but

00:24:42.540 it

00:24:42.800 is

00:24:43.240 much

00:24:43.680 more

00:24:43.900 of a

00:24:44.120 discussion

00:24:44.560 and

00:24:45.420 Steve

00:24:45.980 better

00:24:47.660 than

00:24:48.220 anyone

00:24:48.580 you

00:24:48.900 know

00:24:49.400 when

00:24:49.800 President

00:24:50.740 Trump

00:24:51.240 when

00:24:51.500 Marine

00:24:51.980 One

00:24:52.280 lands

00:24:52.820 here

00:24:53.020 tomorrow

00:24:53.400 that

00:24:54.420 Donald

00:24:55.800 J.

00:24:56.180 Trump

00:24:56.440 is

00:24:56.760 going

00:24:57.040 to

00:24:57.360 suck 0.94

00:24:58.040 all

00:24:58.940 of

00:24:59.320 the

00:24:59.720 oxygen

00:25:01.260 out

00:25:01.820 of

00:25:01.940 Davos

00:25:02.340 for

00:25:02.520 the

00:25:02.680 24

00:25:03.020 hours

00:25:03.440 that

00:25:03.620 he's

00:25:03.820 here

00:25:04.060 Mr.

00:25:06.760 Secretary

00:25:07.320 you

00:25:08.120 were

00:25:08.400 a

00:25:08.820 contributor

00:25:09.160 here

00:25:09.420 to

00:25:09.560 War

00:25:09.780 Room

00:25:10.040 you

00:25:10.200 have

00:25:10.340 a

00:25:10.440 huge

00:25:10.660 fan

00:25:10.960 base

00:25:11.300 among

00:25:11.600 the

00:25:11.780 war

00:25:11.920 posse

00:25:12.480 it's

00:25:13.460 a

00:25:13.580 one

00:25:13.760 year

00:25:13.940 anniversary

00:25:14.540 of

00:25:15.580 President

00:25:15.900 Trump's

00:25:16.340 return

00:25:16.720 to

00:25:16.920 power

00:25:17.240 a

00:25:17.440 historic

00:25:17.860 year

00:25:18.140 what

00:25:18.320 has

00:25:18.460 it

00:25:18.540 been

00:25:18.660 like

00:25:18.900 for

00:25:19.060 you

00:25:19.220 personally

00:25:19.680 Steve

00:25:22.720 I

00:25:22.960 have

00:25:23.160 the

00:25:23.560 busiest

00:25:23.980 day

00:25:24.260 that

00:25:24.440 I've

00:25:24.600 ever

00:25:24.780 had

00:25:25.100 every

00:25:25.560 day

00:25:25.880 I

00:25:26.680 have

00:25:26.840 wanted

00:25:27.100 to

00:25:27.380 serve

00:25:27.700 my

00:25:27.940 country

00:25:28.280 since

00:25:28.640 I

00:25:28.760 was

00:25:28.900 17

00:25:29.280 years

00:25:29.640 old

00:25:29.940 and

00:25:30.460 it

00:25:30.620 is

00:25:30.800 the

00:25:30.980 honor

00:25:31.300 of

00:25:31.440 my

00:25:31.580 lifetime

00:25:32.000 and

00:25:32.680 I

00:25:33.220 tell

00:25:33.400 you

00:25:33.520 everyone

00:25:34.060 says

00:25:34.440 to

00:25:34.600 me

00:25:34.740 well

00:25:35.080 if

00:25:35.880 this

00:25:37.400 candidate

00:25:37.760 won

00:25:38.160 and

00:25:38.340 this

00:25:38.620 candidate

00:25:39.020 won

00:25:39.380 in

00:25:39.760 28

00:25:40.380 would

00:25:40.680 you

00:25:40.820 stay

00:25:41.100 and

00:25:41.260 I

00:25:41.380 said

00:25:41.520 it

00:25:42.140 would

00:25:42.160 be

00:25:42.240 impossible

00:25:42.660 to

00:25:42.900 stay

00:25:43.120 because

00:25:43.740 the

00:25:44.300 warp

00:25:44.620 speed

00:25:44.900 that

00:25:45.080 President

00:25:45.400 Trump

00:25:45.780 moves

00:25:46.320 with

00:25:46.640 the

00:25:46.820 way

00:25:47.000 we

00:25:47.180 get

00:25:47.400 things

00:25:47.780 done

00:25:48.340 that

00:25:49.160 not

00:25:49.580 only

00:25:50.180 is it

00:25:50.700 gratifying

00:25:51.460 he

00:25:52.380 makes

00:25:52.720 it

00:25:52.880 fun

00:25:53.360 that

00:25:54.280 he's

00:25:55.500 a force

00:25:56.020 of nature

00:25:56.500 and

00:25:57.360 I

00:25:57.780 couldn't

00:25:58.200 have

00:25:58.320 imagined

00:25:58.800 that

00:25:59.480 we

00:25:59.640 would

00:25:59.800 get

00:25:59.960 this

00:26:00.220 much

00:26:00.480 done

00:26:00.860 this

00:26:01.440 quickly

00:26:01.920 and

00:26:02.920 I

00:26:03.660 don't

00:26:04.000 have

00:26:04.120 to

00:26:04.240 tell

00:26:04.400 you

00:26:04.600 Trump

00:26:04.940 years

00:26:05.240 are

00:26:05.420 like

00:26:05.620 dog

00:26:05.920 years

00:26:06.180 I

00:26:06.680 feel

00:26:07.080 like

00:26:07.260 I've

00:26:07.460 aged

00:26:07.960 seven

00:26:08.300 years

00:26:08.700 but

00:26:09.360 it's

00:26:10.160 been

00:26:10.340 worth

00:26:10.600 it

00:26:10.920 it's

00:26:12.040 been

00:26:12.240 worth

00:26:12.500 it

00:26:12.840 well

00:26:13.880 you

00:26:14.120 look

00:26:15.600 marvelous

00:26:16.140 social

00:26:16.900 media

00:26:17.240 where

00:26:17.520 do

00:26:17.860 we

00:26:18.000 keep

00:26:18.260 up

00:26:18.500 with

00:26:18.760 the

00:26:18.980 secretary

00:26:19.560 of

00:26:19.720 the

00:26:19.800 treasury

00:26:20.080 great

00:26:20.500 comms

00:26:20.900 team

00:26:21.140 where

00:26:21.320 do

00:26:21.400 we

00:26:21.500 keep

00:26:21.700 up

00:26:21.880 with

00:26:22.020 you

00:26:22.200 just

00:26:24.900 at

00:26:25.280 my

00:26:25.500 treasury

00:26:25.980 account

00:26:26.460 so

00:26:26.840 at

00:26:28.000 secretary

00:26:28.620 of

00:26:28.820 the

00:26:28.940 treasury

00:26:29.300 and

00:26:30.040 we

00:26:30.260 put

00:26:30.660 a lot

00:26:30.940 of

00:26:31.060 things

00:26:31.360 up

00:26:31.680 on

00:26:31.920 the

00:26:32.180 x

00:26:32.520 account

00:26:32.880 every

00:26:33.320 day

00:26:33.660 and

00:26:34.700 we'd

00:26:36.680 love

00:26:36.840 to have

00:26:37.120 your

00:26:37.260 viewers

00:26:37.560 join

00:26:37.900 us

00:26:38.080 there

00:26:38.320 Mr.

00:26:41.280 Secretary

00:26:41.620 an

00:26:41.800 honor

00:26:42.080 and

00:26:42.520 congratulations

00:26:43.160 for an

00:26:43.920 incredible

00:26:44.480 first

00:26:45.360 year

00:26:45.620 thank

00:26:46.300 you so

00:26:46.560 much

00:26:46.720 for

00:26:46.840 joining

00:26:47.060 us

00:26:47.680 well

00:26:48.160 good

00:26:49.380 and

00:26:49.680 Steve

00:26:50.060 thanks

00:26:50.380 thanks

00:26:50.720 to

00:26:50.860 you

00:26:50.980 and

00:26:51.080 the

00:26:51.200 posse

00:26:51.620 the

00:26:52.280 for

00:26:52.860 all

00:26:53.180 you've

00:26:53.700 done

00:26:53.960 all

00:26:54.240 the

00:26:54.420 support

00:26:54.820 and

00:26:55.500 I

00:26:55.800 think

00:26:56.380 you

00:26:58.240 ain't

00:26:58.420 seen

00:26:58.620 nothing

00:26:58.900 yet

00:26:59.220 no doubt

00:27:03.380 thank

00:27:03.920 you sir

00:27:04.200 appreciate

00:27:04.540 it

00:27:05.020 appreciate

00:27:06.840 you

00:27:07.320 from

00:27:08.840 the

00:27:08.980 from

00:27:09.360 the

00:27:09.480 great

00:27:09.680 state

00:27:09.900 of

00:27:10.060 South

00:27:10.280 Carolina

00:27:10.900 the

00:27:11.980 Gamecock

00:27:12.560 Scott

00:27:13.960 Besant

00:27:14.400 incredible

00:27:15.820 first

00:27:16.220 year

00:27:16.480 everything

00:27:17.160 accomplished

00:27:17.860 no

00:27:18.460 so much

00:27:20.060 started

00:27:20.440 yes

00:27:20.920 big

00:27:21.420 issues

00:27:21.780 we gotta

00:27:22.100 get to

00:27:22.400 the

00:27:22.520 deep

00:27:22.700 state

00:27:23.060 I

00:27:23.980 think

00:27:24.340 we're

00:27:25.020 gonna

00:27:25.120 cut

00:27:25.540 momentarily

00:27:26.900 to

00:27:27.980 we're

00:27:28.840 gonna

00:27:28.920 cut

00:27:29.220 momentarily

00:27:29.820 I think

00:27:30.120 Stuart

00:27:30.460 Rhodes

00:27:30.780 is doing

00:27:31.120 a press

00:27:31.600 conference

00:27:32.140 across

00:27:33.200 the street

00:27:33.680 I think

00:27:34.200 from

00:27:34.620 the

00:27:34.980 White

00:27:36.080 House

00:27:36.480 to

00:27:37.340 address

00:27:37.800 a

00:27:38.100 memo

00:27:38.400 he

00:27:39.020 and

00:27:39.140 his

00:27:39.280 colleagues

00:27:39.580 sent

00:27:39.840 to

00:27:39.980 President

00:27:40.260 Trump

00:27:40.680 about

00:27:41.740 the

00:27:43.020 insurrection

00:27:45.440 act

00:27:45.840 let me

00:27:46.680 go first

00:27:47.160 do I

00:27:47.360 have

00:27:47.520 Cleo

00:27:47.920 Cleo

00:27:50.880 Pascal

00:27:51.860 are you

00:27:52.280 with us

00:27:52.780 I am

00:27:54.020 indeed

00:27:54.460 we got

00:27:56.920 about two

00:27:57.300 minutes

00:27:57.480 before we

00:27:57.700 go to

00:27:57.900 break

00:27:58.180 we'll

00:27:58.340 hang

00:27:58.500 you

00:27:58.660 through

00:27:58.900 Scott

00:27:59.920 Bessam

00:28:00.300 went

00:28:00.480 out

00:28:00.760 of

00:28:00.860 his

00:28:01.040 way

00:28:01.340 to

00:28:01.540 talk

00:28:01.840 about

00:28:02.280 President

00:28:03.400 Trump

00:28:03.800 now

00:28:04.060 putting

00:28:04.300 people

00:28:04.600 on

00:28:04.760 notice

00:28:05.100 he

00:28:05.620 ain't

00:28:05.880 happy

00:28:06.200 with

00:28:06.500 the

00:28:06.640 Diego

00:28:06.940 Garcia

00:28:07.600 deal

00:28:07.940 you've

00:28:08.300 been

00:28:08.440 the

00:28:08.660 leading

00:28:08.940 voice

00:28:09.520 in

00:28:09.880 this

00:28:10.240 to

00:28:11.180 warn

00:28:11.480 people

00:28:11.860 what's

00:28:12.220 going

00:28:12.460 on

00:28:12.860 give

00:28:13.080 me

00:28:13.180 a

00:28:13.340 minute

00:28:13.540 before

00:28:13.800 we

00:28:13.900 go

00:28:13.980 to

00:28:14.120 break

00:28:14.460 about

00:28:15.060 the

00:28:15.340 warning

00:28:15.640 now

00:28:15.900 being

00:28:16.240 acknowledged

00:28:17.520 and

00:28:17.820 President

00:28:18.100 Trump

00:28:18.340 saying

00:28:18.700 it's

00:28:19.020 stupid 0.75

00:28:19.400 it's

00:28:19.820 weak

00:28:20.160 what are

00:28:20.540 we

00:28:20.660 doing

00:28:20.920 here

00:28:21.260 this

00:28:21.520 can't

00:28:21.900 happen

00:28:22.200 your

00:28:22.400 thoughts

00:28:22.760 ma'am

00:28:23.760 it's

00:28:24.740 reinvigorating

00:28:25.900 this was

00:28:26.420 on

00:28:26.840 path

00:28:27.340 to

00:28:27.740 be

00:28:28.260 forced

00:28:28.800 through

00:28:29.220 the

00:28:29.500 British

00:28:29.720 Parliament

00:28:30.100 and

00:28:30.820 now

00:28:31.060 that

00:28:31.500 President

00:28:32.300 Trump

00:28:32.620 has

00:28:32.840 made

00:28:33.040 it

00:28:33.180 clear

00:28:33.420 that

00:28:33.620 he

00:28:33.760 doesn't

00:28:33.980 like

00:28:34.140 the

00:28:34.280 deal

00:28:34.540 there

00:28:35.200 is

00:28:35.460 a

00:28:35.860 chance

00:28:36.240 that

00:28:36.440 this

00:28:36.600 might

00:28:36.780 get

00:28:37.020 revisited

00:28:37.740 one

00:28:38.040 of

00:28:38.200 the

00:28:38.480 only

00:28:38.920 remaining

00:28:39.480 arguments

00:28:40.020 that

00:28:40.580 the

00:28:40.800 Starmer

00:28:41.060 government

00:28:41.420 had

00:28:41.940 was

00:28:42.740 the

00:28:43.220 Americans

00:28:43.560 are

00:28:43.780 okay

00:28:44.020 with

00:28:44.220 this

00:28:44.500 well

00:28:45.140 the

00:28:45.400 Americans

00:28:45.760 are

00:28:45.980 not

00:28:46.240 okay

00:28:46.560 with

00:28:46.800 this

00:28:47.080 and

00:28:47.460 now

00:28:47.680 that's

00:28:47.940 been

00:28:48.080 made

00:28:48.260 very

00:28:48.480 clear

00:28:48.880 and

00:28:49.800 there's

00:28:50.440 a

00:28:50.680 hope

00:28:51.240 that

00:28:51.900 as

00:28:52.560 the

00:28:52.720 President

00:28:53.040 said

00:28:53.960 this

00:28:54.340 incredibly

00:28:54.760 stupid 0.75

00:28:55.160 deal

00:28:55.580 may

00:28:56.140 not

00:28:56.380 go

00:28:56.600 through

00:28:56.920 so

00:28:57.480 we're

00:28:58.160 going

00:29:02.620 okay

00:29:03.580 hang

00:29:04.000 on

00:29:04.200 Cleo

00:29:04.620 joins

00:29:05.120 us

00:29:05.600 from

00:29:06.820 the

00:29:07.060 strategic

00:29:07.680 pivot

00:29:08.320 of

00:29:09.500 the

00:29:09.620 United

00:29:09.860 States

00:29:10.280 yes

00:29:10.960 that

00:29:11.840 would

00:29:11.960 be

00:29:12.060 the

00:29:12.240 Central

00:29:12.500 Pacific

00:29:12.920 we're

00:29:13.760 going

00:29:13.860 to

00:29:13.900 go

00:29:14.020 back

00:29:14.320 we've

00:29:14.500 got

00:29:14.620 Stuart

00:29:14.940 Rhodes

00:29:15.400 on

00:29:15.900 the

00:29:16.140 Inturrection

00:29:16.800 Act

00:29:17.280 Tina

00:29:18.180 Peters

00:29:18.620 the

00:29:18.860 situation

00:29:19.400 with

00:29:19.780 Tina

00:29:19.980 Peters

00:29:20.400 in

00:29:20.680 Colorado

00:29:21.240 also

00:29:22.680 Ursula

00:29:24.080 van der

00:29:24.520 Leyen

00:29:24.840 she

00:29:26.200 pretty

00:29:26.740 blunt

00:29:27.680 about

00:29:28.800 the

00:29:29.000 end

00:29:29.260 of

00:29:29.360 the

00:29:29.480 dollar

00:29:29.720 empire

00:29:30.240 gold

00:29:31.680 and

00:29:31.900 silver

00:29:32.380 are

00:29:32.700 on

00:29:33.000 a

00:29:33.200 tear

00:29:33.560 you

00:29:34.420 need

00:29:34.620 to

00:29:34.760 find

00:29:34.920 out

00:29:35.040 more

00:29:35.200 about

00:29:35.400 it

00:29:35.520 ain't

00:29:35.660 the

00:29:35.800 price

00:29:36.140 it's

00:29:36.360 the

00:29:36.520 process

00:29:37.080 get

00:29:37.800 smart

00:29:38.440 text

00:29:40.300 abandoned

00:29:40.840 B-A-N-N-O-N 1.00

00:29:42.060 at

00:29:42.340 989898

00:29:43.880 you get

00:29:44.160 the ultimate

00:29:44.680 guide for

00:29:45.320 investing

00:29:45.760 in gold

00:29:46.200 and precious

00:29:46.780 metals

00:29:47.200 in the

00:29:47.580 age

00:29:47.980 of

00:29:48.200 Trump

00:29:48.640 most

00:29:49.600 importantly

00:29:50.060 get

00:29:50.300 access

00:29:50.960 to

00:29:51.220 Philip

00:29:51.480 Patrick

00:29:51.900 and his

00:29:52.220 team

00:29:52.420 I'm

00:29:52.580 trying

00:29:52.740 to

00:29:52.840 get

00:29:52.960 Philip

00:29:53.220 to

00:29:53.380 join

00:29:53.620 us

00:29:53.840 today

00:29:54.760 in

00:29:55.900 the

00:29:56.020 afternoon

00:29:56.380 show

00:29:56.740 stick

00:29:57.380 around

00:29:57.660 you're

00:29:58.020 in the

00:29:58.160 world

00:29:58.340 there's

00:30:00.600 a lot

00:30:02.380 getting coal

00:30:02.860 in their

00:30:03.200 stockings

00:30:03.680 for

00:30:03.840 Christmas

00:30:04.200 but

00:30:04.500 Birch 0.92

00:30:04.840 Gold

00:30:05.200 thinks

00:30:06.120 as a

00:30:06.640 smart

00:30:07.060 planner

00:30:07.720 you deserve

00:30:08.760 silver

00:30:09.180 that's

00:30:10.220 why

00:30:10.340 for

00:30:10.520 every

00:30:10.840 $5,000

00:30:11.660 you purchase

00:30:12.520 between

00:30:12.920 now and

00:30:13.480 December

00:30:13.760 22nd

00:30:14.740 Birch 0.92

00:30:15.100 Gold

00:30:15.360 will send

00:30:15.920 you

00:30:16.200 an ounce

00:30:16.820 of

00:30:17.080 silver

00:30:17.680 free

00:30:18.680 remember

00:30:20.360 silver

00:30:20.980 is up

00:30:21.400 over

00:30:21.680 60%

00:30:22.640 this year

00:30:23.560 and over

00:30:24.300 $60

00:30:24.740 an ounce

00:30:25.620 you see

00:30:26.700 smart

00:30:27.640 people

00:30:27.920 diversify

00:30:28.740 and have

00:30:29.260 a hedge

00:30:29.720 that's

00:30:30.640 why I

00:30:30.940 encourage

00:30:31.240 you to

00:30:31.520 buy

00:30:31.720 gold

00:30:32.060 from

00:30:32.260 Birch 0.92

00:30:32.520 Gold

00:30:32.840 with

00:30:33.420 the

00:30:33.580 rate

00:30:33.800 cuts

00:30:34.040 from

00:30:34.160 the

00:30:34.320 Fed

00:30:34.620 in

00:30:34.860 2026

00:30:35.640 the

00:30:35.860 dollar

00:30:36.120 will

00:30:36.340 be

00:30:36.480 worth

00:30:36.780 less

00:30:37.100 and

00:30:37.480 what

00:30:37.700 happens

00:30:38.140 if

00:30:38.320 the

00:30:38.460 AI

00:30:38.740 bubble

00:30:39.100 burst

00:30:39.580 diversify

00:30:40.960 let

00:30:41.620 Birch 0.92

00:30:41.980 Gold

00:30:42.220 group

00:30:42.580 help

00:30:43.100 you

00:30:43.260 convert

00:30:43.640 an

00:30:43.880 existing

00:30:44.420 IRA

00:30:44.900 or

00:30:45.260 401k

00:30:46.020 into

00:30:46.280 a

00:30:46.540 tax

00:30:46.960 sheltered

00:30:48.040 IRA

00:30:48.400 and

00:30:48.800 physical

00:30:49.380 gold

00:30:49.880 let me

00:30:50.200 repeat

00:30:50.560 that

00:30:50.920 physical

00:30:51.740 gold

00:30:52.280 and

00:30:53.040 for

00:30:53.180 every

00:30:53.440 $5,000

00:30:54.140 you buy

00:30:54.880 you'll

00:30:55.480 get an

00:30:55.800 ounce

00:30:56.080 of

00:30:56.280 silver

00:30:56.620 for

00:30:56.920 your

00:30:57.100 stocking

00:30:57.660 or

00:30:57.840 for

00:30:58.040 your

00:30:58.240 kids

00:30:58.700 what a

00:30:59.720 great

00:30:59.980 way

00:31:00.200 to

00:31:00.360 teach

00:31:00.640 them

00:31:01.000 about

00:31:01.760 saving

00:31:02.160 smartly

00:31:02.740 just

00:31:03.160 text

00:31:03.440 my

00:31:03.600 name

00:31:03.780 Bannon

00:31:04.100 to

00:31:05.400 989898

00:31:07.240 to claim

00:31:07.660 your

00:31:08.080 eligibility

00:31:08.560 for

00:31:09.040 this

00:31:09.240 offer

00:31:09.560 again

00:31:10.320 text

00:31:10.740 Bannon

00:31:11.160 to

00:31:13.080 the

00:31:13.240 number

00:31:13.560 989898

00:31:15.240 today

00:31:15.620 because

00:31:16.880 Birch 0.92

00:31:17.260 Gold's

00:31:17.620 free

00:31:17.940 silver

00:31:18.340 with

00:31:18.960 qualifying

00:31:19.620 purchase

00:31:20.100 promotion

00:31:20.680 ends

00:31:21.760 the

00:31:22.380 22nd

00:31:23.120 of

00:31:23.240 December

00:31:23.660 of

00:31:24.380 this

00:31:24.580 year

00:31:24.840 make

00:31:25.160 sure

00:31:25.300 you

00:31:25.440 text

00:31:25.660 Bannon

00:31:26.020 to

00:31:26.900 989898

00:31:28.380 98

00:31:28.760 do

00:31:29.000 it

00:31:29.120 today

00:31:29.380 if

00:31:30.480 you

00:31:30.580 could

00:31:30.680 make

00:31:30.840 one

00:31:31.060 holiday

00:31:31.420 wish

00:31:31.780 would

00:31:32.600 you

00:31:32.740 wish

00:31:32.980 to

00:31:33.140 be

00:31:33.280 free

00:31:33.560 from

00:31:33.800 your

00:31:33.960 credit

00:31:34.180 card

00:31:34.460 and

00:31:34.580 other

00:31:34.760 debt

00:31:35.080 let's

00:31:36.580 see

00:31:36.720 if

00:31:36.860 we

00:31:36.960 can

00:31:37.120 help

00:31:37.360 you

00:31:37.480 with

00:31:37.660 that

00:31:37.880 if

00:31:39.120 we

00:31:39.260 could

00:31:39.440 give

00:31:39.700 yourself

00:31:40.140 one

00:31:40.480 gift

00:31:40.820 this

00:31:41.060 holiday

00:31:41.320 season

00:31:41.740 would

00:31:42.500 it

00:31:42.600 be

00:31:42.720 finally

00:31:43.060 to

00:31:43.220 get

00:31:43.360 some

00:31:43.540 relief

00:31:43.820 from

00:31:44.000 your

00:31:44.160 credit

00:31:44.380 card

00:31:44.680 and

00:31:44.820 other

00:31:44.980 debt

00:31:45.260 I

00:31:46.060 might

00:31:46.340 have

00:31:46.520 a

00:31:46.660 solution

00:31:47.020 here's

00:31:48.340 why

00:31:48.560 now

00:31:48.920 is

00:31:49.040 the

00:31:49.200 time

00:31:49.460 to

00:31:49.640 make

00:31:49.840 a

00:31:49.960 move

00:31:50.280 this

00:31:51.080 time

00:31:51.320 of

00:31:51.460 year

00:31:51.620 credit

00:31:51.940 card

00:31:52.240 and

00:31:52.420 loan

00:31:52.620 companies

00:31:53.060 close

00:31:53.460 out

00:31:53.660 their

00:31:53.820 books

00:31:54.140 they

00:31:54.880 clean

00:31:55.260 up

00:31:55.540 past

00:31:56.200 due

00:31:56.400 accounts

00:31:56.900 they

00:31:57.800 sell

00:31:58.200 a

00:31:58.400 right

00:31:58.580 off

00:31:58.720 the

00:31:58.880 debt

00:31:59.120 to

00:31:59.320 clear

00:31:59.520 their

00:31:59.740 books

00:32:00.120 that

00:32:01.180 means

00:32:01.520 if

00:32:01.700 you

00:32:01.780 have

00:32:01.920 credit

00:32:02.200 card

00:32:02.460 debt

00:32:02.740 and

00:32:02.940 unpaid

00:32:03.340 bills

00:32:03.760 lenders

00:32:04.460 may be

00:32:05.040 more

00:32:05.280 open

00:32:05.600 to

00:32:05.740 negotiating

00:32:06.300 and

00:32:06.580 settling

00:32:06.900 your

00:32:07.160 account

00:32:07.580 before

00:32:08.360 you're

00:32:08.680 in

00:32:08.980 that

00:32:09.740 means

00:32:10.020 right

00:32:10.300 now

00:32:10.600 and

00:32:10.780 I

00:32:10.920 mean

00:32:11.080 right

00:32:11.400 now

00:32:11.760 you

00:32:12.720 may

00:32:12.940 actually

00:32:13.460 have

00:32:13.940 leverage

00:32:14.500 and

00:32:15.380 done

00:32:15.580 with

00:32:15.780 that

00:32:16.040 knows

00:32:16.860 how

00:32:17.040 to

00:32:17.180 use

00:32:17.420 this

00:32:17.640 to

00:32:17.780 your

00:32:17.900 advantage

00:32:18.400 they

00:32:19.060 monitor

00:32:19.580 lender

00:32:19.960 trends

00:32:20.440 and

00:32:20.620 understand

00:32:21.140 the

00:32:21.340 year-end

00:32:21.720 pressure

00:32:22.100 on

00:32:22.320 creditors

00:32:22.940 they

00:32:23.800 use

00:32:24.140 that

00:32:24.460 timing

00:32:24.840 to

00:32:25.080 negotiate

00:32:25.560 hard

00:32:26.100 on

00:32:26.320 your

00:32:26.480 behalf

00:32:26.940 now

00:32:28.140 is

00:32:28.280 the

00:32:28.400 time

00:32:28.620 to

00:32:28.760 get

00:32:28.900 out

00:32:29.100 from

00:32:29.300 under

00:32:29.620 crushing

00:32:30.040 debt

00:32:30.360 and

00:32:30.540 interest

00:32:30.860 payments

00:32:31.220 without

00:32:31.920 bankruptcy

00:32:32.600 or

00:32:33.700 taking

00:32:34.420 on

00:32:34.660 new

00:32:34.880 loans

00:32:35.240 done

00:32:35.600 with

00:32:35.820 debt

00:32:36.100 goes

00:32:36.800 to

00:32:36.980 work

00:32:37.260 for

00:32:37.520 you

00:32:37.780 month

00:32:38.500 one

00:32:38.860 with

00:32:39.580 one

00:32:39.880 clear

00:32:40.140 goal

00:32:40.500 to

00:32:40.780 reduce

00:32:41.220 your

00:32:41.420 total

00:32:41.700 debt

00:32:42.040 and

00:32:42.640 leave

00:32:42.880 you

00:32:43.000 with

00:32:46.040 now

00:32:46.340 because

00:32:47.180 your

00:32:47.840 leverage

00:32:48.320 may

00:32:48.700 disappear

00:32:49.380 at

00:32:50.340 the

00:32:50.480 end

00:32:50.620 of

00:32:50.720 the

00:32:50.820 year

00:32:51.060 chat

00:32:52.160 with

00:32:52.480 a

00:32:52.640 done

00:32:52.840 with

00:32:53.020 that

00:32:53.200 specialist

00:32:53.720 at

00:32:54.060 done

00:32:54.280 with

00:32:54.480 that

00:32:54.700 dot

00:32:54.980 com

00:32:55.360 that's

00:32:55.980 done

00:32:56.360 with

00:32:56.640 that

00:32:56.880 dot

00:32:57.180 com

00:32:57.680 done

00:32:58.480 with

00:32:58.700 that

00:32:58.920 dot

00:32:59.200 com

00:32:59.620 do

00:33:00.180 it

00:33:00.380 today

00:33:00.980 here's

00:33:02.600 your

00:33:02.760 host

00:33:03.220 Stephen

00:33:03.820 K

00:33:04.140 Bannon

00:33:04.580 okay

00:33:07.380 I want

00:33:07.840 to connect

00:33:08.420 some dots

00:33:09.640 here

00:33:09.900 on

00:33:10.460 geopolitics

00:33:11.880 geoeconomics

00:33:13.520 capital

00:33:14.600 markets

00:33:15.200 and

00:33:16.320 you

00:33:16.660 the

00:33:17.200 war

00:33:17.380 room

00:33:17.520 posse

00:33:17.960 and

00:33:18.640 some

00:33:18.840 turbulence

00:33:19.320 that

00:33:19.480 may

00:33:19.600 be

00:33:19.700 going

00:33:19.940 on

00:33:20.160 today

00:33:20.460 now

00:33:21.300 I've

00:33:21.580 got

00:33:21.960 Cleo

00:33:22.600 Pascal

00:33:23.020 is

00:33:24.360 in

00:33:24.560 the

00:33:24.680 Pacific

00:33:25.060 she's

00:33:25.820 going

00:33:25.920 to

00:33:26.020 join

00:33:26.180 us

00:33:26.340 come

00:33:26.700 back

00:33:27.020 in

00:33:27.160 a

00:33:27.280 moment

00:33:27.540 we've

00:33:27.920 got

00:33:28.220 Norah

00:33:28.700 bin

00:33:28.860 Laden

00:33:29.240 in

00:33:29.660 Switzerland

00:33:30.100 who

00:33:30.380 covers

00:33:30.800 Davos

00:33:31.740 for

00:33:31.940 you

00:33:32.140 know

00:33:32.320 every

00:33:32.560 year

00:33:32.880 what

00:33:33.920 Scott

00:33:34.140 Besson

00:33:34.420 said

00:33:34.600 in

00:33:34.720 the

00:33:34.860 turmoil

00:33:35.220 in

00:33:35.400 the

00:33:35.520 capital

00:33:35.820 markets

00:33:36.260 today

00:33:36.620 the

00:33:36.900 bond

00:33:37.220 and

00:33:37.380 stock

00:33:37.720 market

00:33:38.000 particularly

00:33:38.440 and

00:33:38.720 of

00:33:38.880 course

00:33:39.060 precious

00:33:45.200 this

00:33:45.460 whole

00:33:45.820 what

00:33:46.540 Ray

00:33:46.860 Dalio

00:33:47.260 is

00:33:47.440 talking

00:33:47.820 about

00:33:48.120 this

00:33:48.340 whole

00:33:48.560 issue

00:33:48.960 about

00:33:49.460 a

00:33:50.680 geopolitical

00:33:51.360 realignment

00:33:51.960 and

00:33:52.860 particularly

00:33:53.740 letting the

00:33:54.220 Europeans

00:33:54.640 know

00:33:55.000 hey

00:33:55.260 look

00:33:55.640 we just

00:33:56.320 can't

00:33:56.560 we're

00:33:56.700 not

00:33:56.820 going

00:33:56.960 to

00:33:57.020 do

00:33:57.160 anymore

00:33:57.360 we're

00:33:57.540 not

00:33:57.660 going

00:33:57.780 to

00:33:57.860 pay

00:33:58.040 for

00:33:58.200 your

00:33:58.340 title

00:33:58.660 defense

00:33:59.140 your

00:33:59.420 entire

00:33:59.720 defense

00:34:00.220 the

00:34:00.940 elites

00:34:01.260 in

00:34:01.380 Europe

00:34:01.580 have

00:34:01.820 to

00:34:01.960 understand

00:34:02.520 you

00:34:03.160 got

00:34:03.380 to

00:34:03.480 get

00:34:03.620 to

00:34:03.760 5%

00:34:04.360 but

00:34:04.980 even

00:34:05.160 more

00:34:05.400 in

00:34:05.500 getting

00:34:05.680 into

00:34:05.920 5%

00:34:06.440 is

00:34:06.720 the

00:34:06.940 seriousness

00:34:07.520 of

00:34:07.940 what

00:34:08.100 you

00:34:08.220 take

00:34:08.460 these

00:34:08.700 threats

00:34:09.120 now

00:34:10.180 that

00:34:10.400 goes

00:34:10.700 from

00:34:11.060 Canada

00:34:11.900 and

00:34:12.080 the

00:34:12.200 Arctic

00:34:12.560 and

00:34:12.860 Greenland

00:34:13.400 and

00:34:13.680 the

00:34:13.820 you

00:34:14.120 know

00:34:14.200 the

00:34:14.380 Greenland

00:34:14.840 Iceland

00:34:15.600 UK

00:34:15.940 gap

00:34:16.460 about

00:34:16.700 the

00:34:16.900 situation

00:34:17.360 with

00:34:17.620 Russian

00:34:17.920 submarines

00:34:18.500 all

00:34:19.460 of it

00:34:19.660 but

00:34:19.800 it

00:34:19.940 also

00:34:20.260 goes

00:34:20.700 as

00:34:20.920 we

00:34:21.140 banged

00:34:21.620 the

00:34:21.740 drum

00:34:22.080 on

00:34:23.360 this

00:34:23.560 show

00:34:23.820 for

00:34:24.080 months

00:34:24.400 and

00:34:24.580 months

00:34:24.780 and

00:34:24.920 months

00:34:25.080 because

00:34:25.260 we

00:34:25.440 knew

00:34:25.580 this

00:34:25.780 day

00:34:25.960 was

00:34:26.140 going

00:34:26.280 to

00:34:26.380 come

00:34:26.680 where

00:34:27.980 people

00:34:28.320 internally

00:34:28.880 they've

00:34:29.220 been

00:34:29.340 talking

00:34:29.580 about

00:34:29.740 a lot

00:34:29.960 and

00:34:30.080 President

00:34:30.300 Trump

00:34:30.580 has

00:34:30.940 another

00:34:31.760 geopolitical

00:34:33.000 and

00:34:34.200 geostrategic

00:34:35.160 necessity

00:34:36.000 is this

00:34:37.220 atoll

00:34:37.760 or this

00:34:38.260 little

00:34:38.520 island

00:34:39.020 in the

00:34:39.820 middle

00:34:39.980 of the

00:34:40.220 Indian

00:34:40.480 Ocean

00:34:40.800 that

00:34:41.060 has

00:34:41.180 been

00:34:41.320 quite

00:34:41.640 strategic

00:34:42.160 for

00:34:42.400 the

00:34:42.560 British

00:34:42.940 and

00:34:43.400 then

00:34:43.560 for

00:34:43.720 the

00:34:43.860 Americans

00:34:44.280 for

00:34:45.380 I

00:34:45.680 don't

00:34:45.760 know

00:34:45.920 over

00:34:46.160 100

00:34:46.420 years

00:34:46.900 that

00:34:47.620 is

00:34:47.800 Diego

00:34:48.140 Garcia

00:34:48.700 right

00:34:49.520 and

00:34:49.680 particularly

00:34:50.100 when

00:34:50.460 you're

00:34:50.640 taking

00:34:50.960 a

00:34:51.180 carrier

00:34:51.420 battle

00:34:51.840 group

00:34:52.280 a

00:34:52.960 carrier

00:34:53.480 strike

00:34:53.900 group

00:34:54.120 I

00:34:54.240 think

00:34:54.340 they

00:34:54.480 call

00:34:54.660 it

00:34:54.740 now

00:34:54.860 from

00:34:55.180 the

00:34:55.440 South

00:34:55.820 China

00:34:56.100 Sea

00:34:56.440 where

00:34:57.060 it's

00:34:57.200 on

00:34:57.440 patrol

00:34:57.920 in

00:34:58.920 defense

00:34:59.300 of

00:34:59.500 Taiwan

00:35:00.000 and

00:35:04.200 cargo

00:35:06.260 right

00:35:07.540 to

00:35:08.140 the

00:35:08.360 Straits

00:35:08.700 of

00:35:08.820 Malacca

00:35:09.320 to

00:35:09.760 cross

00:35:10.120 the

00:35:10.260 Indian

00:35:10.460 Ocean

00:35:10.800 to

00:35:11.020 the

00:35:12.240 North

00:35:12.500 Arabian

00:35:12.940 Sea

00:35:13.140 to

00:35:13.320 be

00:35:13.620 available

00:35:14.380 in

00:35:15.520 case

00:35:15.820 there

00:35:16.040 is

00:35:16.460 any

00:35:17.000 need

00:35:17.560 for

00:35:17.780 it

00:35:18.000 in

00:35:18.180 this

00:35:18.340 situation

00:35:18.900 in

00:35:19.280 Tehran

00:35:19.740 the

00:35:21.180 third

00:35:21.460 part

00:35:21.720 of

00:35:21.820 that

00:35:22.000 is

00:35:22.120 what

00:35:22.280 Scott

00:35:22.560 Besson

00:35:22.900 said

00:35:23.120 he

00:35:23.220 said

00:35:23.400 hey

00:35:23.560 don't

00:35:23.880 don't

00:35:24.260 don't

00:35:24.620 lose

00:35:24.860 sight

00:35:25.160 of

00:35:25.360 the

00:35:25.520 issue

00:35:25.820 about

00:35:26.160 Japan

00:35:26.700 he

00:35:26.960 says

00:35:27.220 most

00:35:27.580 of

00:35:27.740 he

00:35:27.840 thinks

00:35:28.100 reaction

00:35:28.640 is

00:35:29.460 about

00:35:29.760 the

00:35:30.000 situation

00:35:30.460 with

00:35:30.700 Japan

00:35:31.160 and

00:35:31.400 Japan

00:35:32.220 finances

00:35:33.100 and

00:35:33.400 Japan

00:35:33.760 ought

00:35:34.020 to

00:35:34.100 be

00:35:34.300 a

00:35:34.620 cautionary

00:35:35.240 tale

00:35:35.760 for

00:35:36.780 the

00:35:36.920 United

00:35:37.180 States

00:35:37.740 back

00:35:38.640 in

00:35:38.780 the

00:35:38.880 late

00:35:39.060 1980s

00:35:40.320 early

00:35:40.500 1990s

00:35:41.160 had

00:35:41.280 a

00:35:41.440 massive

00:35:41.740 asset

00:35:42.280 bubble

00:35:42.640 particularly

00:35:43.080 around

00:35:43.400 real

00:35:43.700 assets

00:35:44.100 real

00:35:44.360 estate

00:35:44.720 remember

00:35:45.540 at

00:35:45.680 one

00:35:45.840 time

00:35:46.060 people

00:35:46.280 thought

00:35:46.520 Japan

00:35:46.840 was

00:35:47.040 going

00:35:47.220 to

00:35:47.360 own

00:35:47.580 the

00:35:47.740 world

00:35:47.960 they

00:35:48.140 were

00:35:48.300 buying

00:35:48.640 Tiffany's

00:35:49.320 they

00:35:49.420 were

00:35:49.520 buying

00:35:49.780 every

00:35:50.000 building

00:35:50.380 in

00:35:50.520 the

00:35:50.600 United

00:35:50.760 States

00:35:51.040 I

00:35:51.260 think

00:35:51.480 it

00:35:51.600 was

00:35:51.740 the

00:35:51.980 Bank

00:35:53.360 of

00:35:53.520 Japan's

00:35:54.120 lobby

00:35:54.660 it

00:35:55.460 was

00:35:55.640 one

00:35:55.880 time

00:35:56.120 valued

00:35:56.460 4 or

00:35:57.640 5

00:35:57.840 billion

00:35:58.160 dollars

00:35:58.520 just

00:35:58.740 to

00:35:58.880 real

00:35:59.040 estate

00:35:59.280 value

00:35:59.820 in

00:36:00.020 central

00:36:00.340 Tokyo

00:36:01.180 what

00:36:03.320 you've

00:36:03.580 had

00:36:03.800 is

00:36:03.920 you

00:36:04.020 have

00:36:04.180 a

00:36:04.300 prime

00:36:04.520 minister

00:36:04.880 there

00:36:05.600 she's

00:36:06.040 quite

00:36:06.460 energetic

00:36:07.380 she's

00:36:08.460 a

00:36:08.740 real

00:36:09.300 partner

00:36:09.800 with

00:36:10.060 President

00:36:10.400 Trump

00:36:10.840 geopolitically

00:36:12.220 she's

00:36:12.620 quite

00:36:13.000 strongly

00:36:13.840 anti

00:36:14.360 CCP

00:36:14.940 they've

00:36:16.320 had

00:36:16.680 this

00:36:16.920 thing

00:36:17.120 called

00:36:17.280 the

00:36:17.440 lost

00:36:17.720 decades

00:36:18.280 because

00:36:18.640 of

00:36:18.860 the

00:36:18.940 implosion

00:36:19.360 of

00:36:19.520 their

00:36:19.640 economy

00:36:20.180 around

00:36:21.120 this

00:36:21.380 asset

00:36:21.780 bubble

00:36:22.120 collapsing

00:36:22.660 in

00:36:22.840 the

00:36:22.940 late

00:36:23.140 80s

00:36:23.560 early

00:36:23.760 90s

00:36:24.260 and

00:36:24.380 everything

00:36:24.980 they've

00:36:25.320 tried

00:36:25.520 to do

00:36:25.900 struggle

00:36:26.460 through

00:36:26.820 they've

00:36:27.140 lost

00:36:27.340 decade

00:36:27.780 after

00:36:28.040 decade

00:36:28.500 after

00:36:28.780 decade

00:36:29.280 of

00:36:30.420 being

00:36:30.620 a

00:36:30.760 manufacturing

00:36:31.360 superpower

00:36:32.100 and being

00:36:32.520 a

00:36:32.700 dominant

00:36:33.000 player

00:36:33.440 in the

00:36:33.940 world

00:36:34.240 economy

00:36:34.740 well

00:36:34.960 she's

00:36:35.240 got

00:36:35.380 a

00:36:35.580 new

00:36:35.740 economic

00:36:36.240 plan

00:36:36.660 but

00:36:36.880 most

00:36:37.120 importantly

00:36:37.460 she's

00:36:37.760 calling

00:36:37.940 a

00:36:38.100 snap

00:36:38.360 election

00:36:38.780 you can

00:36:39.740 do

00:36:39.920 that

00:36:40.160 in

00:36:40.340 their

00:36:40.520 system

00:36:41.020 in

00:36:41.920 the

00:36:42.080 parliamentary

00:36:42.420 system

00:36:42.920 and

00:36:43.100 the

00:36:43.240 reason

00:36:43.440 is

00:36:43.640 she's

00:36:43.980 got

00:36:44.160 tremendous

00:36:44.540 momentum

00:36:44.940 because

00:36:45.300 guess

00:36:45.660 what

00:36:45.940 people

00:36:46.800 in

00:36:46.980 Japan

00:36:47.240 like

00:36:47.820 her

00:36:47.960 energy

00:36:48.340 they like

00:36:48.700 the

00:36:48.880 cut

00:36:49.060 of

00:36:49.180 her

00:36:49.340 jib

00:36:49.560 they

00:36:49.840 particularly

00:36:55.900 that the

00:36:56.260 Chinese

00:36:56.580 Communist

00:36:56.920 Party

00:36:57.220 not

00:36:57.500 just

00:36:57.700 in

00:36:57.800 the

00:36:57.940 South

00:36:58.180 China

00:36:58.400 Sea

00:36:58.600 but

00:36:58.800 in

00:36:58.980 the

00:36:59.120 East

00:36:59.360 China

00:36:59.620 Sea

00:36:59.940 is

00:37:00.660 a

00:37:00.980 strategic

00:37:01.880 threat

00:37:02.700 to

00:37:03.760 the

00:37:03.900 people

00:37:04.160 of

00:37:04.300 Japan

00:37:04.600 no more

00:37:05.100 just

00:37:05.440 you know

00:37:05.760 talking

00:37:06.080 about

00:37:06.280 North

00:37:06.520 Korea 0.61

00:37:06.800 that's

00:37:07.020 one of

00:37:07.240 the

00:37:07.320 big

00:37:07.500 things

00:37:07.760 that

00:37:07.940 we

00:37:08.160 did

00:37:09.220 in

00:37:09.360 the

00:37:09.480 first

00:37:09.740 days

00:37:10.060 of

00:37:10.240 President

00:37:10.480 Trump's

00:37:10.840 first

00:37:11.080 term

00:37:11.280 particularly

00:37:11.660 in

00:37:11.920 the

00:37:12.040 transition

00:37:12.540 this

00:37:12.880 whole

00:37:13.080 thing

00:37:13.260 with

00:37:13.400 Obama

00:37:13.760 this

00:37:13.980 obsession

00:37:14.400 with

00:37:14.720 Korea 0.61

00:37:15.480 which

00:37:15.800 it

00:37:15.960 should

00:37:16.160 be

00:37:16.320 but

00:37:16.560 Korea 0.61

00:37:16.840 is

00:37:17.060 a

00:37:17.720 vassal

00:37:18.200 state

00:37:18.720 to

00:37:19.280 the

00:37:19.440 Chinese

00:37:19.760 Communist

00:37:20.080 Party

00:37:20.440 they're

00:37:20.900 the

00:37:21.080 enemy

00:37:21.380 and

00:37:22.320 so

00:37:22.480 those

00:37:22.740 three

00:37:22.940 nodes

00:37:23.280 both

00:37:23.520 what's

00:37:23.780 happening

00:37:24.060 in

00:37:24.280 Japan

00:37:24.560 with

00:37:25.240 a

00:37:25.400 closer

00:37:25.680 strategic

00:37:26.280 realignment

00:37:26.840 to

00:37:27.060 the

00:37:27.200 United

00:37:27.420 States

00:37:27.920 via

00:37:28.800 this

00:37:29.500 amazing

00:37:30.200 young

00:37:30.900 prime

00:37:31.200 minister

00:37:31.500 they have

00:37:32.000 female 0.86

00:37:32.420 what's

00:37:33.940 happening

00:37:34.320 in

00:37:34.600 Diego

00:37:34.860 Garcia

00:37:35.360 and

00:37:35.560 the

00:37:35.700 central

00:37:35.980 Indian

00:37:36.320 ocean

00:37:36.700 with

00:37:37.440 that

00:37:37.640 as

00:37:37.800 a

00:37:37.960 strategic

00:37:38.360 asset

00:37:38.760 and

00:37:39.040 clearly

00:37:39.580 what's

00:37:39.900 happening

00:37:40.180 in

00:37:40.380 Greenland

00:37:40.720 and

00:37:40.880 not

00:37:41.100 just

00:37:41.260 in

00:37:41.400 Greenland

00:37:41.740 don't

00:37:43.160 forget

00:37:43.620 the

00:37:43.880 Mac

00:37:44.120 Daddy

00:37:44.460 that

00:37:45.220 is

00:37:45.460 northern

00:37:46.200 Canada

00:37:46.740 from

00:37:47.420 Alaska

00:37:47.920 to

00:37:48.420 all

00:37:48.640 the

00:37:48.720 way

00:37:48.840 to

00:37:48.980 Greenland

00:37:49.380 and

00:37:49.520 across

00:37:49.880 northern

00:37:50.200 Canada

00:37:50.580 that

00:37:50.880 part

00:37:51.200 of

00:37:51.280 the

00:37:51.420 Arctic

00:37:51.760 is

00:37:52.600 the

00:37:52.780 new

00:37:52.940 great

00:37:53.200 game

00:37:53.520 and

00:37:53.740 that

00:37:53.980 is

00:37:54.220 where

00:37:54.400 the

00:37:54.600 vulnerability

00:37:55.080 of

00:37:55.680 the

00:37:55.840 West

00:37:56.100 really

00:37:56.380 comes

00:37:56.700 out

00:37:56.960 because

00:37:57.400 China

00:37:57.840 and

00:37:58.540 Russia

00:37:58.860 are

00:37:59.480 all

00:37:59.740 over

00:38:00.000 it

00:38:00.660 Cleo

00:38:02.020 Pascal

00:38:02.420 with

00:38:02.760 that

00:38:03.000 as

00:38:03.320 a

00:38:03.720 tee

00:38:04.600 up

00:38:04.860 you

00:38:05.080 have

00:38:05.260 warned

00:38:05.480 about

00:38:05.740 this

00:38:06.040 you've

00:38:06.280 done

00:38:06.400 a

00:38:06.560 brilliant

00:38:06.840 job

00:38:07.300 of

00:38:07.520 getting

00:38:07.740 analysis

00:38:08.260 out

00:38:08.580 there

00:38:08.820 taking

00:38:09.200 clips

00:38:09.580 from

00:38:09.740 war

00:38:09.960 room

00:38:15.220 people

00:38:15.820 and

00:38:15.980 what

00:38:16.100 we're

00:38:16.260 doing

00:38:16.540 they

00:38:17.320 are

00:38:17.980 they're

00:38:18.580 consciously

00:38:19.280 obfuscating

00:38:20.340 what the

00:38:21.320 issue

00:38:21.620 is here

00:38:22.100 the issue

00:38:22.980 is

00:38:23.500 that

00:38:24.080 through

00:38:24.280 one

00:38:24.540 belt

00:38:24.820 one

00:38:25.060 road

00:38:25.460 and

00:38:25.680 other

00:38:26.020 predatory

00:38:26.800 capitalist

00:38:27.560 you know

00:38:28.260 predatory

00:38:28.740 capital

00:38:29.240 capital

00:38:30.000 and

00:38:30.240 kind

00:38:30.460 of

00:38:30.580 the

00:38:30.800 British

00:38:31.520 East

00:38:31.880 India

00:38:32.140 company

00:38:32.540 model

00:38:33.000 in

00:38:33.260 reverse

00:38:33.880 this

00:38:35.320 is

00:38:35.440 a

00:38:35.520 client

00:38:35.820 state

00:38:36.360 of

00:38:38.120 the

00:38:38.260 Chinese

00:38:38.540 Communist

00:38:38.840 Party

00:38:39.200 and

00:38:39.440 you're

00:38:39.620 basically

00:38:40.380 turning

00:38:40.960 over

00:38:41.520 a

00:38:42.320 key

00:38:42.760 naval

00:38:43.260 asset

00:38:43.760 at

00:38:44.540 the

00:38:44.700 very

00:38:45.140 moment

00:38:45.860 when

00:38:46.620 President

00:38:47.000 Trump's

00:38:47.780 Mahanian

00:38:48.420 strategy

00:38:49.240 Mahanian

00:38:49.820 strategy

00:38:50.420 is

00:38:50.680 becoming

00:38:51.180 ever

00:38:51.980 clearer

00:38:52.940 that

00:38:53.740 the

00:38:53.940 choke

00:38:54.200 points

00:38:54.660 and

00:38:54.980 what

00:38:55.840 Mahan

00:38:56.300 said

00:38:56.720 is

00:38:57.600 the

00:38:57.780 key

00:38:57.980 to

00:38:58.180 global

00:38:58.480 power

00:38:59.020 a

00:38:59.800 navy

00:39:00.520 that

00:39:00.800 can

00:39:01.040 keep

00:39:01.440 the

00:39:01.640 seven

00:39:01.880 seas

00:39:02.160 free

00:39:02.520 but

00:39:02.720 also

00:39:03.020 can

00:39:03.240 deploy

00:39:03.540 everywhere

00:39:03.940 is

00:39:04.640 now

00:39:04.900 at

00:39:05.120 the

00:39:05.320 forefront

00:39:05.720 of

00:39:06.520 everybody's

00:39:07.140 mind

00:39:07.480 and

00:39:07.760 it's

00:39:08.000 not

00:39:08.200 lost

00:39:08.500 in

00:39:08.660 President

00:39:08.960 Trump

00:39:09.320 that

00:39:09.660 the

00:39:09.880 British

00:39:10.200 government

00:39:11.160 is

00:39:11.520 just

00:39:11.800 giving

00:39:12.260 away

00:39:12.620 to

00:39:12.800 the

00:39:12.960 Chinese

00:39:13.260 Communist

00:39:13.580 Party

00:39:13.940 one

00:39:14.320 of the

00:39:14.540 most

00:39:14.720 strategic

00:39:15.220 assets

00:39:15.680 in

00:39:15.940 the

00:39:16.040 world

00:39:16.340 your

00:39:16.640 thoughts

00:39:16.960 ma'am

00:39:18.100 not

00:39:18.600 just

00:39:19.060 giving

00:39:19.400 away

00:39:19.800 they're

00:39:20.460 going to

00:39:20.760 be

00:39:20.980 paying

00:39:21.540 for

00:39:21.880 Mauritius

00:39:22.280 to have

00:39:22.720 it

00:39:22.880 so

00:39:23.080 they're

00:39:23.300 going to

00:39:23.500 transfer

00:39:23.880 sovereignty

00:39:24.440 and

00:39:24.920 then

00:39:25.120 the

00:39:25.300 idea

00:39:25.640 is

00:39:25.960 that

00:39:26.280 they

00:39:26.480 will

00:39:26.660 lease

00:39:26.940 it

00:39:27.160 back

00:39:27.720 and

00:39:28.640 there

00:39:28.800 are

00:39:28.920 two

00:39:29.220 poison

00:39:29.820 pills

00:39:30.320 in

00:39:30.680 this

00:39:31.000 proposed

00:39:31.720 agreement

00:39:32.360 now

00:39:32.640 the

00:39:33.080 state

00:39:33.420 of

00:39:33.560 it

00:39:33.680 is

00:39:34.040 that

00:39:34.780 an

00:39:35.260 agreement

00:39:35.640 has

00:39:36.120 been

00:39:36.440 signed

00:39:36.960 but

00:39:37.200 not

00:39:37.420 ratified

00:39:38.020 and

00:39:38.500 it's

00:39:38.920 being

00:39:39.240 held

00:39:39.800 up

00:39:40.100 in

00:39:40.480 the

00:39:40.760 British

00:39:41.140 House

00:39:42.180 of

00:39:42.380 Lords

00:39:42.700 they've

00:39:43.280 been

00:39:43.380 trying

00:39:43.660 to

00:39:44.000 get

00:39:44.700 the

00:39:45.100 government

00:39:45.340 to

00:39:45.540 reconsider

00:39:46.020 and

00:39:46.940 it

00:39:47.080 hasn't

00:39:47.420 yet

00:39:47.740 gone

00:39:48.060 to

00:39:48.260 Mauritius

00:39:48.680 even

00:39:48.940 to be

00:39:49.280 presented

00:39:49.700 as

00:39:49.940 legislation

00:39:50.500 or

00:39:50.700 ratified

00:39:51.080 so

00:39:51.280 there

00:39:51.460 is

00:39:51.680 still

00:39:51.940 a

00:39:52.140 little

00:39:52.320 bit

00:39:52.580 of

00:39:52.720 time

00:39:53.140 and

00:39:54.060 it

00:39:54.660 was

00:39:54.880 President

00:39:55.920 Trump's

00:39:56.700 true

00:39:57.220 social

00:39:57.720 message

00:39:58.360 was

00:39:58.760 extremely

00:39:59.400 welcome

00:40:00.440 because

00:40:01.240 there are

00:40:01.700 two

00:40:01.880 things

00:40:02.180 in this

00:40:02.480 treaty

00:40:02.720 that

00:40:02.960 are

00:40:03.080 going

00:40:03.180 to

00:40:03.280 blow 0.77

00:40:03.480 it

00:40:03.640 up

00:40:03.780 one

00:40:04.120 is

00:40:04.480 the

00:40:05.160 minute

00:40:05.540 it's

00:40:05.980 signed

00:40:06.440 the

00:40:07.180 US

00:40:07.500 is

00:40:07.720 likely

00:40:07.980 to be

00:40:08.280 in

00:40:08.400 contravention

00:40:08.920 of

00:40:09.100 international

00:40:09.600 law

00:40:10.040 because

00:40:10.540 Mauritius

00:40:11.120 has

00:40:11.520 signed

00:40:11.880 on

00:40:12.140 to

00:40:12.320 this

00:40:12.680 Pan

00:40:13.280 African

00:40:13.700 nuclear

00:40:14.560 free

00:40:15.260 zone

00:40:15.760 treaty

00:40:16.280 the

00:40:16.860 Palandaba

00:40:17.320 treaty

00:40:17.680 which

00:40:18.260 means

00:40:18.560 that

00:40:18.860 all

00:40:19.100 of

00:40:19.240 Mauritian

00:40:19.640 soil

00:40:20.120 cannot

00:40:20.880 have

00:40:21.460 nuclear

00:40:21.800 weapons

00:40:22.200 on

00:40:22.440 it

00:40:22.600 and

00:40:23.320 the

00:40:23.660 US

00:40:24.040 is

00:40:24.880 we saw

00:40:25.120 this

00:40:25.320 with

00:40:25.640 what

00:40:25.800 happened

00:40:26.060 in

00:40:26.220 New

00:40:26.360 Zealand

00:40:26.580 a few

00:40:26.860 decades

00:40:27.240 ago

00:40:27.500 the

00:40:27.980 US's

00:40:28.420 policy

00:40:28.780 is

00:40:28.940 not

00:40:29.060 to

00:40:29.240 say

00:40:29.500 whether

00:40:29.760 or not

00:40:30.180 there

00:40:30.400 are

00:40:30.500 nuclear

00:40:30.800 weapons

00:40:31.220 there

00:40:31.520 which

00:40:32.760 will

00:40:33.140 because

00:40:33.520 they're

00:40:33.780 not

00:40:33.980 saying

00:40:34.260 there

00:40:34.440 aren't

00:40:34.860 going

00:40:35.160 to

00:40:35.320 immediately

00:40:35.800 cause

00:40:36.240 set

00:40:36.720 it

00:40:36.820 up

00:40:36.940 for

00:40:37.060 legal

00:40:37.280 problems

00:40:37.760 and

00:40:38.340 then

00:40:38.720 this

00:40:39.140 treaty

00:40:39.580 which

00:40:40.100 where

00:40:41.580 the

00:40:41.740 UK

00:40:41.940 will

00:40:42.280 lease

00:40:42.760 the

00:40:43.080 land

00:40:43.440 for

00:40:43.860 the

00:40:44.000 base

00:40:44.360 for

00:40:44.560 99

00:40:44.980 years

00:40:45.600 becomes

00:40:47.060 terminated

00:40:48.060 if

00:40:48.960 the UK

00:40:49.460 misses

00:40:49.860 one

00:40:50.280 payment

00:40:50.760 so

00:40:51.700 I

00:40:51.940 think

00:40:52.200 that

00:40:52.380 it's

00:40:52.520 very

00:40:52.720 likely

00:40:53.160 over

00:40:53.400 the

00:40:53.520 next

00:40:53.680 99

00:40:54.080 years

00:40:54.520 some

00:40:54.920 government

00:40:55.360 in the

00:40:55.720 UK

00:40:55.920 is

00:40:56.240 going

00:40:56.400 to

00:40:56.480 not

00:40:56.720 pay

00:40:56.920 their

00:40:57.120 bills

00:40:57.480 and

00:40:57.780 then

00:40:58.020 the

00:40:58.260 US

00:40:58.500 really

00:40:58.840 is

00:40:59.100 in

00:40:59.220 legal

00:40:59.500 jeopardy

00:41:00.160 so

00:41:00.380 in

00:41:01.280 this

00:41:01.620 treaty

00:41:02.060 there

00:41:02.540 are

00:41:02.760 these

00:41:03.240 traps

00:41:04.860 that

00:41:05.740 are

00:41:06.000 set

00:41:06.460 to

00:41:06.760 betray

00:41:07.260 the

00:41:07.600 US

00:41:07.860 and

00:41:08.280 make

00:41:08.520 it

00:41:08.700 difficult

00:41:09.220 to

00:41:09.600 operate

00:41:10.020 and

00:41:10.520 in

00:41:10.720 a

00:41:10.860 cognitive

00:41:11.260 and

00:41:11.500 narrative

00:41:11.800 warfare

00:41:12.300 context

00:41:13.520 to

00:41:14.280 make

00:41:14.900 the

00:41:15.780 US

00:41:16.320 even

00:41:16.640 more

00:41:16.940 isolated

00:41:17.560 and

00:41:18.300 this

00:41:18.620 isn't

00:41:18.980 just

00:41:19.200 a

00:41:19.400 we're

00:41:19.760 talking

00:41:20.040 about

00:41:20.240 Diego

00:41:20.460 Garcia

00:41:20.760 because

00:41:21.060 that's

00:41:21.380 the

00:41:21.500 one

00:41:21.700 that

00:41:21.880 the

00:41:22.040 British

00:41:22.260 are

00:41:22.520 trying

00:41:23.060 to

00:41:23.240 set

00:41:23.420 the

00:41:23.560 trap

00:41:23.820 in

00:41:23.980 now

00:41:24.300 but

00:41:24.900 when

00:41:25.060 we

00:41:25.180 talk

00:41:25.420 about

00:41:25.640 Europe

00:41:25.960 and

00:41:26.140 especially

00:41:26.480 in

00:41:26.640 the

00:41:26.740 context

00:41:27.160 of

00:41:27.420 the

00:41:27.800 national

00:41:29.340 security

00:41:29.780 strategy

00:41:30.300 where

00:41:30.540 they

00:41:30.680 say

00:41:30.860 Europe

00:41:31.140 might

00:41:31.380 not

00:41:31.640 be

00:41:31.840 what

00:41:32.060 we

00:41:32.200 think

00:41:32.420 it

00:41:32.560 is

00:41:32.760 in

00:41:32.880 20

00:41:33.100 or

00:41:33.240 30

00:41:33.420 years

00:41:33.720 Europe

00:41:34.340 isn't

00:41:34.780 geographically

00:41:35.500 contained

00:41:36.020 to

00:41:36.480 the

00:41:36.660 continent

00:41:37.220 of

00:41:38.240 Europe

00:41:38.600 there

00:41:39.060 are

00:41:39.220 pieces

00:41:39.540 of

00:41:39.780 Europe

00:41:39.980 as

00:41:40.200 we

00:41:40.340 see

00:41:40.580 the

00:41:40.760 UK

00:41:41.020 is

00:41:41.620 in

00:41:41.920 the

00:41:50.040 so

00:41:50.840 when

00:41:51.600 we're

00:41:51.780 looking

00:41:52.060 at

00:41:52.220 our

00:41:52.360 strategic

00:41:52.760 geography

00:41:53.460 and

00:41:53.980 especially

00:41:54.360 these

00:41:54.640 very

00:41:54.880 critical

00:41:55.320 islands

00:41:55.940 we

00:41:56.640 need

00:41:56.920 to

00:41:57.120 take

00:41:57.400 into

00:41:57.620 account

00:41:58.060 what

00:41:58.360 is

00:41:58.560 happening

00:41:58.960 in

00:41:59.200 those

00:41:59.460 European

00:42:00.260 capitals

00:42:00.900 and

00:42:01.580 how

00:42:01.800 they're

00:42:02.040 reacting

00:42:02.520 towards

00:42:02.980 the

00:42:03.200 US

00:42:03.520 now

00:42:03.940 in

00:42:04.240 order

00:42:04.400 to

00:42:04.560 be

00:42:04.660 able

00:42:04.780 to

00:42:04.920 get

00:42:05.020 ahead

00:42:05.240 of

00:42:05.360 the

00:42:05.440 game

00:42:05.700 because

00:42:06.180 I

00:42:06.420 don't

00:42:06.580 think

00:42:06.820 they're

00:42:07.040 the

00:42:07.320 allies

00:42:08.060 that

00:42:08.560 necessarily

00:42:09.520 they're

00:42:10.700 presumed

00:42:11.220 to

00:42:11.360 be

00:42:11.640 and

00:42:12.220 I

00:42:12.360 also

00:42:12.680 think

00:42:13.000 that

00:42:13.200 they're

00:42:13.400 looking

00:42:13.680 for

00:42:14.040 ways

00:42:14.560 to

00:42:14.800 get

00:42:15.060 out

00:42:15.380 of

00:42:15.600 the

00:42:15.740 rest

00:42:15.940 of

00:42:16.060 the

00:42:16.160 world

00:42:16.480 which

00:42:17.080 will

00:42:17.260 leave

00:42:17.700 the

00:42:18.060 US

00:42:18.340 even

00:42:18.600 more

00:42:18.820 exposed

00:42:19.340 Diego

00:42:20.300 Garcia

00:42:20.680 is

00:42:21.240 the

00:42:21.580 most

00:42:21.980 clear

00:42:22.380 example

00:42:22.760 of

00:42:22.920 this

00:42:23.060 now

00:42:23.260 but

00:42:23.440 I

00:42:23.520 don't

00:42:23.660 think

00:42:23.820 it's

00:42:23.960 going

00:42:24.100 to

00:42:24.140 be

00:42:24.240 the

00:42:24.400 only

00:42:24.600 one

00:42:24.940 you're

00:42:26.940 100%

00:42:27.380 correct

00:42:27.680 and

00:42:27.880 we

00:42:28.000 will

00:42:28.160 get

00:42:28.400 ahead

00:42:28.600 of

00:42:28.740 that

00:42:28.900 with

00:42:29.140 you

00:42:29.320 just

00:42:30.360 to

00:42:30.520 remind

00:42:30.820 the

00:42:31.000 audience

00:42:31.440 the

00:42:31.720 national

00:42:32.060 strategic

00:42:32.640 memo

00:42:33.180 was

00:42:33.440 33

00:42:33.840 pages

00:42:34.260 long

00:42:34.520 kind

00:42:34.760 of

00:42:34.840 gives

00:42:35.040 a

00:42:35.480 very

00:42:36.360 60,000

00:42:37.280 foot

00:42:37.620 level

00:42:38.160 overview

00:42:39.420 of

00:42:40.280 the

00:42:40.420 thinking

00:42:45.380 document

00:42:45.960 Europe

00:42:47.560 did

00:42:48.080 not

00:42:48.260 really

00:42:48.460 get

00:42:48.660 addressed

00:42:49.200 until

00:42:50.000 page

00:42:50.320 29

00:42:50.900 as

00:42:52.180 I

00:42:52.300 tell

00:42:52.500 you

00:42:52.620 when

00:42:52.820 I

00:42:52.920 do

00:42:53.020 these

00:42:53.220 interviews

00:42:53.500 overseas

00:42:53.920 I

00:42:54.160 said

00:42:54.420 that

00:42:54.860 should

00:42:55.020 be

00:42:55.100 a

00:42:55.200 wake

00:42:55.400 up

00:42:55.520 call

00:42:55.760 it's

00:42:57.380 it's

00:42:57.640 not

00:42:57.920 a

00:42:58.140 number

00:42:58.320 one

00:42:58.520 priority

00:42:58.900 more

00:42:59.200 and

00:42:59.440 you're

00:42:59.600 absolutely

00:42:59.900 correct

00:43:00.320 there's

00:43:00.580 a lot

00:43:00.840 more

00:43:01.040 that

00:43:01.220 they're

00:43:01.380 going

00:43:01.480 to

00:43:01.520 be

00:43:01.680 dumping

00:43:02.020 because

00:43:02.560 the

00:43:03.480 in

00:43:03.820 pages

00:43:04.100 29

00:43:04.540 to

00:43:04.700 33

00:43:05.100 they

00:43:06.280 had

00:43:06.660 one

00:43:06.900 of

00:43:06.980 the

00:43:07.040 most

00:43:07.200 brutal

00:43:07.660 phrases

00:43:08.220 I've

00:43:08.700 ever

00:43:08.940 seen

00:43:09.300 in an

00:43:09.660 official

00:43:09.960 government

00:43:10.440 document

00:43:10.900 they

00:43:11.100 talked

00:43:11.340 about

00:43:11.520 civilizational

00:43:12.480 erasure

00:43:13.080 and

00:43:14.060 that

00:43:14.280 is

00:43:14.420 because

00:43:14.840 of

00:43:15.020 the

00:43:15.140 Muslim

00:43:15.540 takeover

00:43:16.960 the

00:43:17.600 migration

00:43:18.060 issue

00:43:18.720 in

00:43:19.120 Europe

00:43:19.900 you

00:43:20.160 can't

00:43:20.420 look

00:43:20.560 away

00:43:20.760 from

00:43:20.940 that

00:43:21.100 anymore

00:43:21.460 in

00:43:21.720 France

00:43:22.080 you

00:43:22.260 can't

00:43:22.500 look

00:43:22.620 away

00:43:22.820 from

00:43:23.000 it

00:43:23.160 anymore

00:43:23.420 in

00:43:23.560 the

00:43:23.700 Netherlands

00:43:24.080 you

00:43:24.360 can't

00:43:24.620 look

00:43:24.760 at

00:43:24.900 any

00:43:25.440 more

00:43:25.600 in

00:43:25.780 Brussels

00:43:26.140 you

00:43:26.460 cannot

00:43:26.760 look

00:43:27.060 away

00:43:27.460 from

00:43:27.640 it

00:43:27.760 in

00:43:27.940 England

00:43:28.300 in

00:43:28.520 the

00:43:28.640 United

00:43:28.840 Kingdom

00:43:29.220 it

00:43:29.860 is

00:43:30.020 a

00:43:30.200 reality

00:43:30.760 and

00:43:31.420 becoming

00:43:31.820 a

00:43:32.120 more

00:43:32.520 brutal

00:43:32.940 reality

00:43:33.980 every

00:43:35.100 day

00:43:35.480 and

00:43:35.680 this

00:43:35.820 is

00:43:35.960 one

00:43:36.080 of

00:43:36.160 the

00:43:36.260 reasons

00:43:36.560 we

00:43:36.920 launched

00:43:37.540 War Room

00:43:38.260 Texas

00:43:38.620 because

00:43:39.180 the

00:43:39.400 exact

00:43:39.700 same

00:43:39.980 issue

00:43:40.280 and

00:43:40.420 how

00:43:40.560 to

00:43:40.660 get

00:43:40.820 ahead

00:43:41.020 of

00:43:41.140 it

00:43:41.240 this

00:43:41.440 is

00:43:41.540 why

00:43:41.660 Gert

00:43:41.920 Velder

00:43:42.300 wasn't

00:43:43.220 randomly

00:43:43.700 wandering

00:43:45.500 to

00:43:45.720 Texas

00:43:46.040 that

00:43:46.340 day

00:43:46.700 for

00:43:47.740 that

00:43:47.960 conference

00:43:48.380 we

00:43:48.600 invited

00:43:49.060 him

00:43:49.440 to

00:43:49.860 be

00:43:50.100 he

00:43:50.520 is

00:43:50.660 probably

00:43:50.960 the

00:43:51.200 best

00:43:51.680 he's

00:43:52.520 the

00:43:52.660 Cassandra

00:43:53.200 he's

00:43:53.480 the

00:43:53.600 one

00:43:53.740 that

00:43:53.880 warned

00:43:54.140 about

00:43:54.400 it

00:43:54.560 the

00:43:55.040 earliest

00:43:55.440 and

00:43:55.680 the

00:43:55.800 best

00:43:56.100 and

00:43:56.240 this

00:43:56.380 is

00:43:56.500 why

00:43:56.660 we

00:43:56.800 have

00:43:56.940 Peter

00:43:57.180 McIlvani

00:43:57.780 with

00:43:58.380 his

00:43:58.580 great

00:43:58.860 show

00:43:59.280 that

00:43:59.840 travels

00:44:00.480 to

00:44:00.680 Texas

00:44:01.000 and

00:44:01.240 let

00:44:01.400 us

00:44:01.520 know

00:44:01.700 what's

00:44:02.000 going

00:44:02.220 on

00:44:02.660 Cleo

00:44:03.980 you've

00:44:04.280 had

00:44:04.400 a

00:44:04.540 great

00:44:04.940 nose

00:44:07.180 for

00:44:07.380 this

00:44:07.620 what's

00:44:08.000 important

00:44:08.400 we've

00:44:08.680 talked

00:44:08.860 about

00:44:09.080 Greenland

00:44:09.400 we've

00:44:09.640 talked

00:44:09.820 about

00:44:10.040 Canada

00:44:10.360 we've

00:44:10.640 talked

00:44:10.820 about

00:44:11.040 the

00:44:11.160 Arctic

00:44:11.360 you've

00:44:11.600 talked

00:44:11.800 about

00:44:12.140 Diego

00:44:12.720 Garcia

00:44:13.060 and

00:44:14.080 eventually

00:44:14.640 these

00:44:14.980 all

00:44:15.240 become

00:44:15.720 not

00:44:16.220 just

00:44:16.440 front

00:44:16.680 page

00:44:16.960 news

00:44:17.320 but

00:44:17.540 they

00:44:17.700 become

00:44:18.100 like

00:44:18.340 in

00:44:18.500 Davos

00:44:18.820 right

00:44:19.060 now

00:44:19.380 it

00:44:20.060 is

00:44:20.220 in

00:44:20.380 vapor

00:44:20.680 lock

00:44:21.060 about

00:44:21.580 the

00:44:21.960 Arctic

00:44:22.300 about

00:44:22.800 Greenland

00:44:23.320 about

00:44:23.820 Americans

00:44:24.560 America

00:44:25.260 first

00:44:25.780 geostrategic

00:44:26.880 policies

00:44:27.700 you have

00:44:29.060 been

00:44:29.400 with us

00:44:30.220 throughout

00:44:30.460 this past

00:44:31.060 year

00:44:31.400 on the

00:44:31.820 anniversary

00:44:32.280 now

00:44:32.620 of

00:44:32.780 President

00:44:33.040 Trump's

00:44:34.100 you know

00:44:34.940 the

00:44:35.280 first

00:44:36.180 anniversary

00:44:36.540 of his

00:44:37.260 second

00:44:37.520 term

00:44:37.840 of the

00:44:38.020 first

00:44:38.260 year

00:44:38.540 you have

00:44:39.260 been

00:44:39.420 warning

00:44:39.820 that as

00:44:40.780 big a

00:44:41.100 problem

00:44:41.360 as all

00:44:41.620 these

00:44:41.780 other

00:44:42.000 things

00:44:42.260 are

00:44:42.460 that

00:44:42.700 the

00:44:42.880 real

00:44:43.080 strategic

00:44:43.720 pivot

00:44:44.160 in an

00:44:44.560 America

00:44:44.860 first

00:44:45.280 hemispheric

00:44:45.800 defense

00:44:46.300 is the

00:44:46.840 central

00:44:47.220 Pacific

00:44:47.820 that has

00:44:49.020 been

00:44:49.160 proven

00:44:49.440 out

00:44:49.620 not

00:44:49.860 just

00:44:50.060 by

00:44:50.280 McKinley

00:44:50.780 and

00:44:50.940 these

00:44:51.100 geniuses

00:44:51.720 in the

00:44:51.940 late 19th

00:44:52.620 century

00:44:52.900 that knew

00:44:53.200 how

00:44:53.360 important

00:44:53.760 it was

00:44:54.280 but

00:44:55.000 more

00:44:55.220 importantly

00:44:55.720 80

00:44:56.100 years

00:44:56.420 ago

00:44:56.820 when

00:44:57.220 young

00:44:57.980 men

00:44:58.300 who

00:44:58.440 had

00:44:58.560 never

00:44:58.780 heard

00:44:59.060 of

00:44:59.160 these

00:44:59.300 places

00:44:59.640 families

00:45:00.160 actually

00:45:00.760 every day

00:45:01.380 were looking

00:45:01.700 at

00:45:01.860 Guadalcanal

00:45:02.600 and Pelelu

00:45:03.180 and Terawa

00:45:03.720 these small

00:45:04.700 islands

00:45:05.080 as the

00:45:05.540 Americans

00:45:06.040 heroically

00:45:06.780 fought

00:45:07.160 across

00:45:07.660 the

00:45:07.880 Pacific

00:45:08.320 to

00:45:09.120 basically

00:45:09.460 break

00:45:09.920 the

00:45:10.480 Japanese

00:45:10.940 empire

00:45:11.560 tell

00:45:12.780 us

00:45:13.100 and I'm

00:45:13.680 going to

00:45:13.760 hold you

00:45:14.020 through

00:45:14.160 the

00:45:14.320 break

00:45:14.620 give me

00:45:15.460 a minute

00:45:15.820 on the

00:45:16.260 central

00:45:16.520 Pacific

00:45:16.900 and where

00:45:17.300 you are

00:45:17.600 today

00:45:17.920 and how

00:45:18.280 important

00:45:18.720 that is

00:45:19.140 in the

00:45:19.420 overall

00:45:19.760 strategic

00:45:20.360 context

00:45:21.080 of

00:45:21.400 America

00:45:21.820 First

00:45:22.260 national

00:45:22.700 security

00:45:23.100 policy

00:45:23.680 I'm

00:45:25.280 in

00:45:25.540 the

00:45:26.020 Republic

00:45:26.500 of

00:45:26.940 Palau

00:45:27.660 which

00:45:27.940 is

00:45:28.120 in

00:45:28.280 free

00:45:28.460 association

00:45:28.960 with

00:45:29.160 the

00:45:29.260 United

00:45:29.460 States

00:45:29.900 this

00:45:30.680 is

00:45:31.060 the

00:45:31.360 country

00:45:31.820 of

00:45:32.320 the

00:45:32.500 island

00:45:32.780 of

00:45:32.980 Pelelu

00:45:33.420 this

00:45:34.500 is

00:45:34.640 a

00:45:34.740 country

00:45:35.040 that

00:45:35.300 definitely

00:45:35.820 knows

00:45:36.860 war

00:45:37.260 and

00:45:37.500 doesn't

00:45:37.800 want

00:45:38.000 war

00:45:38.260 again

00:45:38.620 and

00:45:39.260 the

00:45:39.900 president

00:45:40.300 of

00:45:40.500 this

00:45:40.640 country

00:45:41.080 President

00:45:42.020 Sir

00:45:42.320 Angle

00:45:42.560 Whips

00:45:42.880 was

00:45:43.520 the

00:45:43.720 keynote

00:45:43.960 speaker

00:45:44.400 at

00:45:44.580 the

00:45:44.680 Honolulu

00:45:45.080 Defense

00:45:45.540 Forum

00:45:45.900 and he

00:45:46.880 explained

00:45:47.440 in

00:45:47.800 a very

00:45:49.140 clear

00:45:49.560 terms

00:45:50.080 why

00:45:50.460 his

00:45:50.680 country

00:45:51.080 recognizes

00:45:51.820 Taiwan

00:45:52.360 and

00:45:53.140 the

00:45:53.320 risks

00:45:53.680 that

00:45:53.940 the

00:45:54.100 Chinese

00:45:54.460 Communist

00:45:54.880 Party

00:45:55.400 imposes

00:45:56.820 on

00:45:57.300 anything

00:45:57.740 that

00:45:58.040 gets

00:45:58.280 close

00:45:58.620 to

00:45:58.860 it

00:45:59.040 so

00:45:59.800 this

00:46:00.060 is

00:46:00.260 a

00:46:00.560 country

00:46:00.940 of

00:46:01.620 blood

00:46:03.140 and

00:46:03.440 courage

00:46:03.980 and

00:46:04.800 it's

00:46:05.380 an

00:46:05.500 honor

00:46:05.680 and

00:46:05.820 privilege

00:46:06.060 to be

00:46:06.400 here

00:46:06.640 and

00:46:06.840 I

00:46:06.960 learn

00:46:07.240 from

00:46:07.680 Palauans

00:46:08.280 every

00:46:08.480 day

00:46:08.760 about

00:46:09.000 how

00:46:09.180 important

00:46:09.520 it

00:46:09.680 is

00:46:09.900 to

00:46:10.160 be

00:46:10.500 on

00:46:10.700 the

00:46:10.820 front

00:46:11.020 line

00:46:11.280 and

00:46:11.440 be

00:46:11.560 willing

00:46:11.780 to

00:46:12.000 fight

00:46:12.280 can

00:46:15.480 you

00:46:15.600 hang

00:46:15.760 on

00:46:15.880 for

00:46:16.020 one

00:46:16.180 second

00:46:16.340 I

00:46:16.500 got

00:46:17.460 Noor

00:46:17.720 Bin 0.50

00:46:17.920 Laden

00:46:18.220 also

00:46:18.600 Tom

00:46:18.960 Fitton

00:46:19.320 is

00:46:19.440 going

00:46:19.580 to

00:46:19.680 join

00:46:19.900 us

00:46:20.220 more

00:46:21.300 revelations

00:46:21.940 about

00:46:22.220 my

00:46:22.440 favorite

00:46:22.920 Dr.

00:46:23.420 Fauci

00:46:23.760 and

00:46:24.160 also

00:46:24.460 we're

00:46:24.660 going

00:46:24.720 to get

00:46:24.860 an

00:46:25.020 update

00:46:25.340 on

00:46:25.620 Tina

00:46:25.920 Peters

00:46:26.380 and

00:46:26.540 everything

00:46:26.740 that's

00:46:26.980 going

00:46:27.180 on

00:46:27.420 inside

00:46:27.740 the

00:46:27.940 prison

00:46:28.320 in

00:46:29.180 Denver

00:46:30.920 Ursula

00:46:34.020 laid

00:46:35.740 out

00:46:35.960 the

00:46:36.180 case

00:46:36.760 for

00:46:37.940 why

00:46:38.140 Europe

00:46:38.820 may

00:46:39.700 be

00:46:39.840 going

00:46:40.120 in

00:46:40.280 a

00:46:40.440 different

00:46:40.680 direction

00:46:41.120 when it

00:46:41.440 comes

00:46:41.700 to

00:46:41.860 the

00:46:42.040 prime

00:46:42.360 reserve

00:46:42.680 currency

00:46:43.280 she

00:46:44.520 couldn't

00:46:44.860 be

00:46:45.020 more

00:46:45.220 blunt

00:46:45.560 take

00:46:46.460 your

00:46:46.620 phone

00:46:46.840 and

00:46:47.000 text

00:46:47.540 Bannon

00:46:48.100 B-A-N-N-O-N 1.00

00:46:49.300 at

00:46:49.440 9-8-9-8-9-8

00:46:50.620 get

00:46:50.820 the

00:46:51.000 ultimate

00:46:51.400 guide

00:46:51.940 for

00:46:52.660 investing

00:46:53.060 in gold

00:46:53.540 and precious

00:46:54.220 metals

00:46:54.640 in the

00:46:55.060 age

00:46:55.540 of

00:46:55.820 Trump

00:46:56.160 and

00:46:56.500 make

00:46:56.700 contact

00:46:57.480 with

00:46:58.160 Philip

00:46:58.480 Patrick

00:46:58.820 and his

00:46:59.100 team

00:46:59.280 with

00:46:59.420 Birch 0.92

00:46:59.620 Gold

00:46:59.840 short

00:47:00.300 break

00:47:00.560 this

00:47:01.760 this

00:47:01.780 this

00:47:01.800 Christmas

00:47:02.260 give

00:47:03.100 the

00:47:03.260 gift

00:47:03.580 of

00:47:03.820 food

00:47:04.100 security

00:47:04.580 with

00:47:05.440 an

00:47:05.560 amazing

00:47:05.980 deal

00:47:06.440 from

00:47:07.240 our

00:47:07.400 close

00:47:07.700 friends

00:47:08.060 over

00:47:08.360 at

00:47:08.500 my

00:47:08.680 patron

00:47:09.000 supply

00:47:09.480 it's

00:47:10.540 called

00:47:10.760 the

00:47:10.940 buy

00:47:11.280 one

00:47:11.700 gift

00:47:12.340 to

00:47:13.000 Christmas

00:47:13.520 special

00:47:13.980 and

00:47:15.040 you

00:47:15.200 guys

00:47:15.500 have

00:47:15.780 got

00:47:16.120 to

00:47:16.300 check

00:47:16.520 it

00:47:16.640 out

00:47:16.880 all

00:47:17.680 month

00:47:17.980 long

00:47:18.360 when

00:47:18.980 you

00:47:19.100 buy

00:47:19.360 an

00:47:19.520 emergency

00:47:19.920 food

00:47:20.300 kit

00:47:20.560 you

00:47:21.100 get

00:47:21.380 two

00:47:21.780 more

00:47:22.080 food

00:47:22.400 kits

00:47:22.720 free

00:47:23.160 to

00:47:23.980 give

00:47:24.200 us

00:47:24.380 gifts

00:47:24.780 that's

00:47:25.740 right

00:47:25.940 get

00:47:26.160 a

00:47:26.320 four

00:47:26.600 week

00:47:26.920 emergency

00:47:27.380 food

00:47:27.740 supply

00:47:28.100 for

00:47:28.340 yourself

00:47:28.880 and

00:47:29.760 they'll

00:47:30.040 throw

00:47:30.400 you

00:47:30.760 two

00:47:31.460 one

00:47:32.160 week

00:47:32.420 food

00:47:32.720 kits

00:47:33.140 absolutely

00:47:34.260 free

00:47:34.700 the

00:47:35.960 one

00:47:36.180 week

00:47:36.440 kits

00:47:36.880 make

00:47:37.720 perfect

00:47:38.120 gifts

00:47:38.500 for

00:47:39.080 anyone

00:47:39.440 on your

00:47:39.800 list

00:47:40.160 who's

00:47:40.660 into

00:47:40.920 preparedness

00:47:41.500 or

00:47:42.340 anyone

00:47:42.680 who

00:47:42.940 needs

00:47:43.280 a

00:47:43.460 little

00:47:43.640 nudge

00:47:44.200 in

00:47:44.960 that

00:47:45.140 direction

00:47:45.620 these

00:47:46.080 days

00:47:46.420 it

00:47:46.680 just

00:47:46.920 makes

00:47:47.180 sense

00:47:47.560 to

00:47:48.060 have

00:47:48.260 some

00:47:48.460 food

00:47:48.820 stored

00:47:49.200 away

00:47:49.600 in

00:47:50.420 case

00:47:50.660 of

00:47:50.800 emergencies

00:47:51.260 and

00:47:52.320 with

00:47:52.480 this

00:47:52.760 buy

00:47:53.320 one

00:47:53.660 gift

00:47:54.060 to

00:47:54.640 christmas

00:47:55.440 deal

00:47:55.820 you're

00:47:56.440 not

00:47:56.700 only

00:47:56.960 getting

00:47:57.220 it

00:47:57.500 yourself

00:47:58.380 prepared

00:47:58.900 you're

00:47:59.760 also

00:48:00.080 getting

00:48:00.420 unique

00:48:00.880 and

00:48:01.100 meaningful

00:48:01.440 christmas

00:48:01.920 gifts

00:48:02.180 for

00:48:02.360 your

00:48:02.520 friends

00:48:02.940 or

00:48:03.380 family

00:48:03.800 and

00:48:04.660 they're

00:48:04.860 free

00:48:05.180 so

00:48:06.280 head

00:48:06.520 over

00:48:06.660 to

00:48:06.840 mypatriotsupply.com

00:48:08.720 slash

00:48:09.100 bannon

00:48:09.460 and grab

00:48:10.240 yours

00:48:10.500 today

00:48:10.880 this

00:48:11.700 offer

00:48:12.080 is only

00:48:12.560 around

00:48:12.860 for the

00:48:13.140 holiday

00:48:13.420 season

00:48:13.900 so

00:48:14.640 go

00:48:14.900 to

00:48:15.100 mypatriotsupply.com

00:48:16.900 slash

00:48:17.580 bannon

00:48:17.940 now

00:48:18.780 that's

00:48:20.000 mypatriotsupply.com

00:48:22.260 slash

00:48:22.940 bannon

00:48:23.300 the

00:48:23.940 buy

00:48:24.300 one

00:48:24.760 gift

00:48:25.440 to

00:48:26.000 christmas

00:48:27.000 special

00:48:27.900 do it

00:48:28.500 today

00:48:28.880 here's your

00:48:30.960 host

00:48:31.420 steven

00:48:32.060 k

00:48:32.340 bannon

00:48:32.840 cleo we look

00:48:37.080 forward to

00:48:37.640 coming back

00:48:38.220 to you

00:48:38.720 because i

00:48:40.220 want to tell

00:48:40.640 the audience

00:48:41.000 now is the

00:48:41.640 things we've

00:48:42.020 talked about

00:48:42.460 for months

00:48:42.980 now are

00:48:43.780 taking center

00:48:44.640 stage

00:48:45.160 particularly

00:48:45.620 with

00:48:46.060 greenland

00:48:47.220 and canada

00:48:48.000 the arctic

00:48:48.640 north

00:48:49.140 diario

00:48:49.540 garcia

00:48:49.960 even

00:48:52.160 bigger

00:48:52.620 is going

00:48:53.940 to be

00:48:54.160 the central

00:48:54.640 pacific

00:48:55.160 these

00:48:55.520 islands

00:48:56.140 that

00:48:57.580 that

00:48:58.420 cleo

00:48:59.560 spent so

00:49:00.680 much time

00:49:01.220 in

00:49:01.680 knowing the

00:49:02.540 people

00:49:02.800 they're

00:49:03.020 talking

00:49:03.300 about

00:49:03.540 it

00:49:04.000 pelelu

00:49:04.880 and

00:49:05.120 terwa

00:49:05.600 were at

00:49:07.260 the scale

00:49:07.860 of normandy

00:49:08.640 as far

00:49:09.800 as bloodshed

00:49:10.500 america

00:49:12.340 has a real

00:49:12.820 stake there

00:49:13.380 the greatest

00:49:14.720 generation

00:49:15.360 left their

00:49:15.900 imprint

00:49:16.320 to take

00:49:17.360 those

00:49:17.680 islands

00:49:18.160 understanding

00:49:19.140 the critical

00:49:20.000 nature of

00:49:20.720 the central

00:49:21.200 pacific

00:49:21.700 and the

00:49:22.000 defense

00:49:22.320 of the

00:49:22.500 united

00:49:22.620 states

00:49:22.900 the defense

00:49:23.700 of the

00:49:23.920 united

00:49:24.080 states

00:49:24.520 as

00:49:25.900 mckinley

00:49:26.520 and all

00:49:27.020 the great

00:49:27.420 military

00:49:27.880 experts

00:49:28.360 of the

00:49:28.620 late

00:49:28.760 19th

00:49:29.280 century

00:49:29.640 all the

00:49:30.140 way

00:49:30.280 through

00:49:30.580 fdr

00:49:31.300 and

00:49:32.340 and

00:49:32.980 the

00:49:33.700 you know

00:49:34.600 macarthur

00:49:35.240 nimitz

00:49:36.560 all the

00:49:37.680 great

00:49:37.980 leaders

00:49:38.360 in the

00:49:38.620 pacific

00:49:39.160 understood

00:49:40.960 the defense

00:49:42.440 of the

00:49:42.820 united

00:49:43.080 states

00:49:43.480 does

00:49:43.740 not

00:49:44.000 start

00:49:44.460 at

00:49:44.780 oregon

00:49:45.140 washington

00:49:45.760 and

00:49:46.000 california

00:49:46.680 the shores

00:49:47.680 on the

00:49:48.020 great

00:49:48.220 pacific

00:49:48.660 it

00:49:49.000 starts

00:49:49.720 thousands

00:49:50.840 of miles

00:49:51.580 thousands

00:49:52.520 of miles

00:49:53.020 past

00:49:53.400 midway

00:49:53.920 and past

00:49:55.540 uh

00:49:56.380 the gibraltar

00:49:57.360 of the

00:49:57.920 pacific

00:49:58.360 which

00:49:58.680 they believed

00:49:59.580 honolulu

00:50:00.300 was at the

00:50:00.820 time

00:50:01.060 or hawaii

00:50:02.140 it is in

00:50:02.700 the western

00:50:03.200 central pacific

00:50:04.480 the western

00:50:05.220 part of that

00:50:06.040 in the southern

00:50:06.820 part of that

00:50:07.360 and this is

00:50:07.960 going to become

00:50:08.380 a huge issue

00:50:09.280 in years to

00:50:10.580 come

00:50:10.800 you can already

00:50:11.260 start to see

00:50:11.880 it form

00:50:12.360 around the

00:50:13.240 issue about

00:50:13.740 japan

00:50:14.260 the issue

00:50:15.060 about australia

00:50:15.960 the issue

00:50:16.680 about

00:50:17.100 diego

00:50:17.580 garcia

00:50:18.020 cleo

00:50:18.520 until that

00:50:19.160 time ma'am

00:50:19.840 how do we

00:50:21.000 keep up

00:50:21.420 with you

00:50:21.640 and we'll

00:50:22.020 have you

00:50:22.320 back on

00:50:22.700 to talk

00:50:22.980 about your

00:50:23.320 beloved

00:50:23.620 canada

00:50:24.080 bloomberg's

00:50:24.620 leaking

00:50:25.140 canada

00:50:26.580 canada

00:50:27.480 is is

00:50:27.980 is putting

00:50:28.460 together

00:50:28.780 plans

00:50:29.240 carney's

00:50:29.820 government

00:50:30.260 uh

00:50:31.220 are putting

00:50:31.600 together

00:50:31.840 plans for

00:50:32.380 a potential

00:50:32.860 invasion

00:50:33.480 of canada

00:50:34.700 by the

00:50:35.100 and it won't

00:50:35.600 be the first

00:50:36.100 time

00:50:36.460 between the

00:50:37.420 french and

00:50:37.800 indian war

00:50:38.460 i think

00:50:38.920 three or four

00:50:39.440 times the

00:50:39.940 revolutionary

00:50:40.400 generation was

00:50:41.380 obsessed

00:50:42.020 obsessed

00:50:42.140 because many

00:50:43.020 of those

00:50:43.440 uh folks that

00:50:44.400 served in the

00:50:44.900 french and

00:50:45.240 indian war

00:50:45.840 obsessed

00:50:46.680 also in the

00:50:47.300 war of

00:50:47.560 1812

00:50:48.100 we've taken a

00:50:48.940 couple of

00:50:49.240 shots at

00:50:49.640 canada in

00:50:50.040 the past

00:50:50.460 we've always

00:50:51.500 we've always

00:50:52.160 crapped out

00:50:52.860 but we've

00:50:53.420 taken a

00:50:53.760 couple of

00:50:54.060 shots but

00:50:54.460 we'll have

00:50:54.760 you back on

00:50:55.280 to discuss

00:50:55.720 that until

00:50:56.280 that time

00:50:56.860 ma'am where

00:50:57.280 people keep

00:50:57.900 up with

00:50:58.240 you and

00:50:58.640 your

00:50:58.780 travels

00:50:59.240 sure

00:51:00.400 i mean

00:51:00.720 you can

00:51:00.960 you can

00:51:01.240 find me

00:51:01.500 on x

00:51:01.720 but and

00:51:02.160 i would

00:51:02.420 just say

00:51:02.880 just to

00:51:03.480 point out

00:51:04.040 that you're

00:51:05.920 hitting the

00:51:06.420 u.s you

00:51:07.060 fly i mean

00:51:07.800 i just flew

00:51:08.520 seven eight

00:51:09.340 hours from

00:51:10.080 hawaii to

00:51:11.180 the u.s

00:51:11.880 west to

00:51:12.720 guam so

00:51:14.040 you know

00:51:14.380 this is

00:51:14.960 the the

00:51:15.560 mckinley

00:51:16.540 and uh

00:51:17.720 and and

00:51:18.420 especially

00:51:18.840 mckinley but

00:51:19.560 also um

00:51:21.020 bush senior

00:51:22.220 actually who

00:51:23.320 was there when

00:51:23.880 they brought

00:51:24.300 in uh

00:51:25.160 cnmi placed

00:51:26.860 deliberately

00:51:28.100 america and

00:51:29.620 americans

00:51:30.380 part of the

00:51:31.240 homeland uh

00:51:32.740 seven eight

00:51:33.320 hour flight west

00:51:34.240 of hawaii so

00:51:35.000 you go across

00:51:35.580 the center

00:51:35.920 pacific and

00:51:36.900 you get to

00:51:37.300 the united

00:51:37.660 states that's

00:51:38.620 the message

00:51:39.180 that they

00:51:39.700 sent future

00:51:40.240 generations about

00:51:41.220 how important

00:51:41.880 this area is

00:51:42.760 and the

00:51:43.360 americans that

00:51:44.100 are out here

00:51:44.880 on the front

00:51:45.780 line with

00:51:46.200 asia because

00:51:46.920 if you remember

00:51:47.660 cnmi shares a

00:51:48.840 maritime boundary

00:51:49.540 with japan the

00:51:50.320 u.s shares a

00:51:51.480 maritime boundary

00:51:52.120 with japan and

00:51:53.720 that part of

00:51:54.260 the u.s still

00:51:55.140 lets chinese in 1.00

00:51:56.040 without a visa

00:51:56.680 um you know

00:51:58.260 that that's

00:51:58.920 what's going on

00:51:59.560 here on the

00:52:00.140 front line

00:52:00.740 america's asian

00:52:01.760 front line so

00:52:02.660 if you want to

00:52:03.280 uh follow more

00:52:04.020 about what's

00:52:04.440 going on here

00:52:05.200 as uh as i

00:52:06.120 travel through

00:52:06.620 the region on

00:52:07.320 terrible united

00:52:08.020 airline flights

00:52:08.780 it's uh my

00:52:10.020 name on x uh

00:52:11.640 just my name

00:52:12.180 cleo pascal and

00:52:13.800 uh come along

00:52:15.040 for the ride and

00:52:15.760 come visit your

00:52:16.740 fellow americans

00:52:17.660 please they want

00:52:18.720 to see you there

00:52:19.700 out here and

00:52:20.980 yeah yep

00:52:22.060 working on the

00:52:23.920 tariffs thing

00:52:24.380 behind the

00:52:24.840 scenes i think

00:52:25.340 what we'd have

00:52:25.760 to do is have

00:52:26.300 a special we

00:52:26.960 have to have

00:52:27.340 you for one

00:52:27.820 hour and walk

00:52:28.360 through mckinley's

00:52:29.300 influence on trump

00:52:30.380 both on tariffs

00:52:31.840 and geostrategically

00:52:33.580 mckinley was uh

00:52:34.620 was quite he and

00:52:35.400 the people around

00:52:36.000 him those late

00:52:37.440 uh 19th century

00:52:38.560 early 20th century

00:52:39.640 americans just

00:52:40.720 unbelievable in their

00:52:41.860 foresight about the

00:52:42.980 world uh cleo thank

00:52:44.480 you so much and

00:52:45.100 thank you for being

00:52:45.760 out there and

00:52:47.040 warning the american

00:52:47.860 people and quite

00:52:49.160 frankly the brits

00:52:50.140 they're now finally

00:52:51.060 waking up to fact

00:52:51.900 president trump

00:52:52.460 ain't happy with

00:52:53.780 the situation

00:52:54.660 and dear

00:52:55.100 see you

00:52:55.640 thank you sir

00:52:58.580 thank you man

00:53:00.300 uh nor bin laden

00:53:03.540 uh larry fink

00:53:05.600 the mayor

00:53:06.300 a president

00:53:07.040 scott gave him a

00:53:08.660 little bit of a

00:53:09.340 heads up the

00:53:10.340 secretary of treasury

00:53:11.200 saying hey

00:53:11.860 the esg and

00:53:13.360 dei is still

00:53:14.500 there still

00:53:15.200 embedded but

00:53:15.840 it's dying down

00:53:16.440 a bit of course

00:53:17.160 larry fink

00:53:17.960 was the single

00:53:19.540 biggest driver

00:53:20.300 that since he

00:53:21.460 controls i think

00:53:22.760 it's two trillion

00:53:23.520 dollars of uh

00:53:25.420 of assets and

00:53:26.440 basically money

00:53:27.340 market funds and

00:53:28.340 mutual funds etc

00:53:30.140 give me a couple

00:53:31.240 of minutes uh

00:53:31.860 minutes before we

00:53:32.440 go to break we're

00:53:33.140 going to hold you

00:53:33.600 over on your

00:53:34.540 assessment of davos

00:53:36.000 through day two

00:53:37.580 awaiting president

00:53:38.660 trump ma'am

00:53:39.380 secretary besant

00:53:42.400 was uh quite

00:53:43.360 gracious with

00:53:44.320 larry fink

00:53:45.220 and very diplomatic

00:53:46.260 with him i found

00:53:47.440 in his statements

00:53:48.460 uh i'll be less

00:53:49.820 diplomatic i have

00:53:50.940 to say because i

00:53:52.200 just think he's a

00:53:53.420 total hypocrite and 0.94

00:53:54.840 his opening remarks

00:53:56.540 uh today um were

00:53:59.340 uh clearly that

00:54:01.200 hypocritical and he's

00:54:02.780 trying to toe the

00:54:03.900 line between um

00:54:05.660 appeasing uh america

00:54:07.540 first president trump

00:54:09.040 ahead of his visits

00:54:10.060 while still

00:54:10.860 kowtowing to the

00:54:12.140 davos elite and davos

00:54:14.340 club uh so he's he's

00:54:16.240 playing that fine

00:54:17.340 line and uh his

00:54:19.120 opening remarks were

00:54:20.040 very interesting

00:54:20.780 where he recognized

00:54:22.740 that you know it was

00:54:24.140 an elite uh gathering

00:54:25.640 where people weren't

00:54:26.800 invited and that in

00:54:27.940 the spirit of dialogue

00:54:29.360 to refer to the theme

00:54:31.340 of this year's annual

00:54:32.400 meeting it was very

00:54:33.560 important that we

00:54:34.360 start listening to

00:54:35.300 other voices even if

00:54:37.100 we disagree with them

00:54:38.640 um but you know this

00:54:40.580 is in total

00:54:41.180 contradiction to what

00:54:42.900 he said in the past

00:54:43.840 and specifically to

00:54:45.100 that esg point i

00:54:46.680 sent the team a

00:54:47.800 video of him

00:54:48.880 speaking about how

00:54:49.860 it was so important

00:54:50.700 that we needed to

00:54:51.480 force the behavior

00:54:53.660 changes and that was

00:54:55.300 just a couple of years

00:54:56.280 ago so he's doing

00:54:57.160 like a complete

00:54:57.940 volta fast and uh

00:54:59.940 it's frankly quite

00:55:01.500 sickening um to

00:55:03.220 watch we we know we

00:55:05.580 know that nor bin

00:55:06.340 laden that's what we've

00:55:07.220 got you you're not

00:55:08.040 going to lay him off

00:55:08.500 the hook we're going

00:55:09.300 to start the next hour

00:55:09.940 that nor is going to

00:55:10.680 stick around uh we're

00:55:12.580 going to go to uh

00:55:13.820 colorado and talk

00:55:14.780 about tina peters we

00:55:15.740 got tom fitton we're

00:55:17.320 packed actually jack

00:55:18.900 basobics wandering

00:55:19.840 around and brian glenn

00:55:21.660 are both on the loose

00:55:23.520 in davos i'm sure the

00:55:26.080 authorities are on top

00:55:27.200 of that we're going to

00:55:28.040 take a short break two

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00:55:49.420 at davos the uh islamic

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Bannon's War Room - January 20, 2026

Episode 5080： Live From Davos; President Trump U Turns On Chagos Islands

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