00:10:12.540Talk to me about that. And particularly because that kind of answers the two questions.
00:10:17.680Number one, you understand where the BRICS nations were working.
00:10:20.100When you went to Rio, they're trying to do bilat deals away from the glare of the United States because they don't want Trump to come in and break their backs.
00:10:27.660Lula's got these sidebar deals with, hey, we're going to settle this in our own currency and we'll take the and we'll take the risk.
00:10:34.440Additionally, you know, it answers the question, why are central banks been buying it at record rates for the last couple of years and decreasing their dollar holdings in U.S. treasuries?
00:10:43.560And why now every central bank in the world from Sudan to Kazakhstan is getting on the action, sir?
00:10:50.740Yeah, look, in all seriousness, today's an AI day.
00:10:54.440But the argument for gold, I think you laid out very, very well.
00:10:57.660I think there's a realization around the globe now that from a debt and deficit standpoint, the problem that we have, at least without an AI miracle, is unsolvable as I see it.
00:11:52.720And I think that trend will continue longer term.
00:11:55.900And there are many different drivers for it today.
00:11:59.680Philip, can you hang through the break?
00:12:01.580I just want to keep you for a few more minutes because I've got a minute or two here, but I want to get Eric.
00:12:05.080You see, the reason I want to have you on today, my theory of the case is that the nation's business model is a highly leveraged bet on artificial intelligence now, right?
00:12:16.180And now the companies are highly leveraged also.
00:12:18.480So, Eric, that's why today's IPO, once it gets into the pension funds, you're basically, they're front row in the entire, not just American economy, you're front row in the entire American financial system.
00:12:34.080Right now, the AI bet, and particularly with Anthropic coming, these other guys coming with these $40 and $50 billion IPOs, the bet is bigger than ever.
00:12:43.780It hasn't lessened the decrease in the bet.
00:12:47.420In fact, if you read the prospectus, his $80 billion use of proceeds, the cash he takes
00:12:52.140from the IPO, that's just part of the money.
00:13:13.940The United States of America has a highly leveraged bet.
00:13:16.540The world has got $300 trillion of debt waiting for what I call the biggest margin call in history.
00:13:24.260And now we have these IPOs going on that is only now, it's not just the financial institutions that lend and the governments that's inextricably linked with them.
00:13:36.680And maybe mom and pop didn't want to be part of it.
00:13:38.600But if you've saved your money and been a good householder or have a little pension fund or have a little 401k or have a little IRA, right, you didn't vote for this, but your money is now in it.
00:17:47.980on the willingness of other nations to lend us money.
00:17:51.320And how would you propose to establish international credit?
00:17:54.600Our first step would be to incur a national debt.
00:17:58.140The greater the debt, the greater the credit.
00:18:01.160And to that end, I have recommended to the president that Congress adopt all the debts incurred by the individual states during the war through a national bank.
00:18:12.240The idea being that if the states owe Congress money, then other nations will feel more inclined to lend it to us.
00:18:20.360If the states are indebted to a central authority,
00:18:25.160it increases the power of the central government.
00:18:49.460If that is the case, it is unavoidable if the union is to be preserved.
00:18:56.740I fear a revolution will have been in vain if a Virginia farmer is to be held in hock to a New York stock jobber who in turn is in hock to a London banker.
00:19:07.420The opportunities for avarice and corruption.0.89
00:19:11.660our nation was formed by giants that is the hbo john adams which is a masterpiece you should watch
00:19:20.060it that is um steve delaney as jefferson i think rufus sold as hamilton great actors and look at
00:19:27.100that conversation and think about we're here in june of 2026 and that conversation could happen
00:19:31.920today among the smartest people in this country eric bowling um thinking about the giants that
00:19:39.960formed this country and fought the revolution and saw us through it's just it's so such a humbling
00:19:44.680experience to know what's been bequeathed to us but here we are today i'd like to know what
00:19:50.020hamilton and jefferson will be saying about the highly leveraged bet we're making on artificial
00:19:55.100intelligence in our capital markets today and folks everybody at home you are participating
00:20:00.060whether you're like uh philip patrick and uh and uh bowling telling the guy hey look come back to
00:20:07.680me when the stocks i think the stock could be better price a little rich for me today
00:20:11.180so take me off speed dial but uh john q public in fact the good householders that have pension
00:20:19.200funds and have 401ks and have iras you're in on this deal folks whether you know it or not eric
00:20:24.860boland so many things to unpack you know steve you before the break you'd mentioned uh a couple
00:20:30.940of really important things and you're 100 right about the leverage yeah we are leveraged we're
00:20:36.100more leveraged than we've ever been, the way they form these instruments, and more people are
00:20:42.960involved in the leverage. So it used to be professional traders leveraging themselves
00:20:47.540and their shareholders, a la the meltdown, the financial meltdown of 2007. Now it's mom and pop.
00:20:55.200Mom and pop are invested in funds and mutual funds and indexes because they don't want to
00:20:59.460trade their investments. And by the way, the country is getting wealthier as we go,
00:21:04.340as we hand off wealth to the next generations.
00:36:51.620But all the way through until really you and here recently, people are standing up and saying, no, that's not the actual story.
00:36:58.760we've overlaid the frankfurt school on american history and we're here to say no that's not going
00:37:04.020to win culture is upriver from politics and we have to fight in the culture and we have to fight
00:37:08.760reading and books are the most important part where you can theater is important
00:37:13.780film's important television is important music's important art architecture all is important but
00:37:19.420books are the central fight that's my life steve that's my life talk to me about that
00:37:26.400Well, no, I mean, when I was at Yale, I was an English major. I was the editor of the humor magazine. When I really got serious about God and Jesus in my 20s, I realized God has called me to the culture because it's the call. If you want to if it's like if you're a missionary, you look at a culture and you say, well, how do I how do I communicate to that culture?
00:37:45.740American culture, I saw this, you know, when I came to faith and became a conservative, I said,
00:37:51.580it's been taken over by secular leftists. Everywhere you look, every magazine, you know,
00:37:57.580the New Yorker or Vanity Fair, they don't say we are a leftist secular magazine, but of course they
00:38:03.540are. The New York Times doesn't declare that it's, you know, pro-Stalin or anti-American.
00:38:09.800They do it subtly. And this has been going on. And so I really believe God has given me a mission
00:39:10.680all of the people who did this they're coming out of a reformation theology and they want to bring
00:39:15.440this across into these communities in the 13 colonies and then in 1770 you know the 1760s
00:39:22.360and 70s they realized we could do this on a national level we can create a nation where the
00:39:27.460entire nation looks directly to god and we can govern ourselves and we can have liberty we all
00:39:33.560need to know that's never been done in the history of the world and and it comes from biblical values
00:39:38.520You don't need to be a Christian. You don't need to like the Bible, but you need to be honest about history. That's where it comes from. And all of these founders understood that. So my book is not about that, but it's all through the book. And those are things that, again, the left, they hate that. They just hate the fact that I wrote the book because I'm pro-Trump. I love America. I talk about the Bible and Jesus.
00:40:00.860You know, we don't want people like that to write 600 page sort of scholarly books that people will read during the summer because some people will get bad ideas and they will, you know, stop voting the way they're supposed to vote or something like that.
00:40:13.400So we got to push Jill Biden's ultra fluffy soap opera, whatever that is.
00:40:17.480You got to admit, there's something funny about that.
00:40:19.940Before I leave you, and I didn't get this article to Denver, so I can't put it up.
00:40:23.340But yesterday there was an article in the Daily Mail, and I was actually kind of shocked by it.
00:40:28.140It's from Berkeley, University of California, which is the head of the University of California system of UCLA and Davis and Santa Barbara.
00:40:34.860And it's got a historically well-known humanities department.
00:40:38.380It was about professors in the humanities saying, we used to give an average of 100 pages a day for our students and undergraduate to read and comprehend.
00:41:23.980Here you have a metric, an unbelievable metric.0.53
00:41:26.700it's pathetic listen i mean one of the things i learned about in reading in my research on the0.72
00:41:31.380revolution people were amazing as young teenagers i mean it was a 13 year old who started the boston0.96
00:41:38.760massacre that's another story but like people if you ask a lot of young people they're perfectly
00:41:44.000capable of delivering but if you infantilize them if you tell them you know you don't need to get
00:41:49.000married till you're 40 or ever you don't need to have a family you can just have a good time
00:41:53.540Those lies that the secular left has been pushing, encouraging women not to get married, not to have families, the most wonderful thing that could ever happen to most people.0.89
00:42:02.880All of that garbage results in the infantilization of young people that they're in their 20s and they're still children.0.97
00:42:18.500When you think what young people were doing 100 years ago, 200 years ago, and then you look at these guys sucking their thumbs in safe spaces, it really is just classic.
00:46:26.420Where do people go and get the book today?
00:46:29.780They should go to Amazon to preorder it, you know, but let's just keep in mind, you know,
00:46:34.360that these stores, hundreds and hundreds of left wing stores all around the country are
00:46:39.420not carrying the best selling book in America.
00:46:42.060So they care more about the narrative. They care more about the culture wars than about their own survival. And they care about control. And they want to control what you do, what you think, what you put into your body, but most importantly, what you read. Because that really shapes your values.
00:47:00.200So they don't want you to know the story of your own country. They don't want you to know about the courage and endurance and bravery and faith and hard work that made this incredible country.
00:47:12.180And so I think that, you know, the War Room Posse should go out and buy this book and prove to this country and prove to The New York Times and prove to these bookstores that they need to change, that this country, none of us, we won't stand for it anymore.
00:47:27.780We don't want their control. We don't want their lies. We want the real thing. We want books. We want media that reflects what the American people actually care about and actually want to read.
00:47:43.220Tony Lyons, extraordinary. 100,000 new print order, second edition. This book's going to be a monster, monster hit. We got to drive it to number one. Make sure The New York Times can't defeat us.
00:47:53.620sir thank you so much where do people go uh to get the book one more time over at skyhorse
00:47:57.680yes skyhorsepublishing.com and then you know it's going to take a you know week and a half to two
00:48:03.480weeks to get it from amazon but you know pre-order it there get them to buy copies and get every
00:48:09.500store in the country to start buying copies bring the book in bring the you know bring all the
00:48:14.160bestseller lists and this is number one on publishers weekly baltimore sun usa today
00:48:19.900everywhere you know everybody knows amazon ranked it number one for the week so these are lies
00:48:26.820they're saying that it's not selling it obviously is selling get these stores to do the right thing
00:48:32.720carry the book sell the book that celebrates everything that's great about this country0.98
00:48:37.280thank you sir appreciate you thank you fight to take back the culture neil mccabe at the white0.61
00:48:45.180greenhouse uh neil thank you for sitting out in this boiling sun today um talk to me we're in the
00:48:50.380iran deal president trump sent a true social he ain't happy i don't think he's getting on a plane
00:48:54.200to go to geneva to sign a deal that they won't omit the deal sir yeah i'll be very uncomfortable
00:49:01.940especially when he sits with his uh nato allies uh i don't even know what you would say to the
00:49:07.420to them i will tell you about 10 minutes ago the marine guard came out saying signifying that uh
00:49:13.900President Trump is in the Oval. Just before coming on with you now, like in the last minute, that Marine Guard went inside.
00:49:20.040But I'm not really seeing a lot of activity here. And so I did want to make the point that with messaging,
00:49:28.160when they did the bombings earlier this week, you had White House staff telling media,
00:49:36.300hey, we're just escalating to de-escalate. We don't even mean it. We're just trying to get the Iranians to the negotiating table.
00:49:43.240Meanwhile, the president of the United States is saying, I'm going to take Karg Island.0.51