On today's show, we have a special guest, Ben Harnell of NBC's "The Situation Room" joining us from Rome, Italy. We discuss the latest on the 2020 Democratic primary field race, the impact of Bernie Sanders on the Democratic Party, and much, much more.
00:01:10.360Everything they're doing, the nominations.
00:01:11.680They are working around the clock to mold Trump, to moderate Trump, to try to get Trump to conform.
00:01:21.940Trump's at his best when he's not conforming, when he's breaking things and then sitting there as the builder he is and figures out how to reconfigure him and put him back together.
00:01:32.140You're in the war room for our evening show.
00:01:47.360Dave Walsh is going to join us about energy because there's a commonality.
00:01:50.940What underpins every successful industrial society is cheap, efficient, available energy.
00:02:05.580And these governments in Germany, in France, in the United Kingdom, in Canada, they're either falling or on their back foot about to fall in the United States of America because of the same problem.
00:02:19.380The Western nations bought into this fantasy, supposedly the smartest guys in the room, and it has had a devastating effect upon the people.
00:02:33.220You've had the fiscal and financial crisis, but you've also had the cost of living.
00:02:37.860And one of the reasons the cost of living is out of control is because of all this radical concepts that were pursued by your betters, and that would be the global elite.
00:02:48.780I want to start first, and I'll play this back.
00:02:51.680I'll ask for this to be played back in a second.
00:02:53.140I want to start first in Rome with Ben Harnwell, our favorite topic of the Ukraine.
00:02:57.600And here's what upsets me so much with the Ukraine.
00:03:00.080Ben, if you go back to the very beginning of this fiasco almost three years ago, we were adamant.
00:03:06.500You, me, Posobiec, the people we'd have on, this is a disaster, not even so much for the United States of America, although we knew we were going to get sucked into it and write huge checks, but it was really a disaster for the Ukrainian people.
00:03:22.400And what's happened over the last four or five weeks, if you have seen this, it is nothing short of disgusting.
00:03:30.100I actually put up the other day on Getter a story where Blinken and the Biden regime, the illegitimate Biden regime, I might add,
00:03:38.020we're now up in the faces of these senior executives, senior personnel in the government of Ukraine demanding, demanding that they start to draft or basically Shanghai,
00:03:53.22018 or 500,000 18-year-olds to send them to the battlefield because Biden cannot afford, cannot afford a catastrophic loss here.
00:04:01.920The Democratic Party can't, the global elites in the United States, and that's what they're getting.
00:04:05.880They're getting horrific, the worst of both worlds, where they've killed or wounded millions of Ukrainians.
00:04:13.200They have a completely devastated country, and the Russians are in a better negotiating position than they were at the beginning of the war.
00:04:19.740Ben Harnwell, you've been all over this for almost three years now.
00:04:24.260I know you've got a lot to say. Take it away, sir.
00:04:26.360Yeah, our sociopathic overlords, you really get to see where the adjective sociopathic comes from, if you see their latest manoeuvres on this.
00:04:37.540Pushing Zelensky to lower the conscription age down to 18 in a war that is all but lost from the Ukrainian perspective,
00:04:48.800simply because they don't want the collapse to happen.
00:04:52.200The Biden regime doesn't want the collapse to happen under its watch.
00:04:55.220It is sociopathic, the absolute disregard of any value of human life on the Ukrainian side and on the Russian side.
00:05:05.800And this is what we have been talking about this in real time.
00:05:10.800At the very point, Steve, that Russia is making gains at a faster rate in this war than at any other point in three years.
00:05:20.540So at the point where it's really turning around for Russia, that's the point that Biden, Blinken and Sullivan are coming in, putting the pressure on Zelensky to reduce that age.
00:05:33.280Look, so what I want to do today is I want to offer to the war in posse something.
00:05:39.620Look, guys, when you're reading the broadsheets, like the New York Times and the Washington Examiner and the Wall Street Journal,
00:05:47.780when you're watching cable and all the rest of it, they're not piecing it together for you.
00:05:51.680This is what the war room is here for.
00:05:53.100I'm going to try and put a narrative together here.
00:05:56.700There are three principal proposals, informal proposals that are floating around President Trump.
00:06:03.880And I just want to go through all three of them.
00:06:07.600One of them is the least objectionable.
00:06:11.400Let's start off with the Kellogg plan.
00:06:14.260General Keith Kellogg, who's been on the show quite a lot of times in the past, has some sensible things to say.
00:07:10.660Trump to supply more U.S. weapons to Kiev, but only if it agrees to talks.
00:07:16.200Those supplyings of weapons to Kiev would accelerate if Moscow doesn't agree to talks.
00:07:26.760The outshot of those talks will be that the U.S. will offer security guarantees, which could include boosting even more weapons supplies if an accord is struck.
00:07:42.000That is basically an open check to the military-industrial complex, Steve.
00:07:46.800It's not America disengaging, decoupling from Ukraine.
00:08:07.300You will see it being mentioned in the press, often with the reference to explicit U.S. security guarantees.
00:08:16.460The other plan, let's call this the second plan, is Rick Grinnell's plan.
00:08:20.280And this is the idea of creating autonomous zones in the Donbass, which would be what isn't mentioned, of course.
00:08:28.880If you're setting up suggesting that these four, I think, provinces there, that will be neither Ukrainian nor Russian, they will require underwriting and protecting.
00:08:40.960And that, again, there's no decoupling in sight for that one.
00:08:47.320The plan I draw closest to is Senator Vance's plan, which is basically, and I think in his words, to use a demilitarized zone to support the frontier there between Russia and Ukraine to prevent further Russian incursions.
00:09:07.420And that would be the one of the three plans that I would find myself being drawn closest towards, because it has less risk for America.
00:09:19.720That was with regards, specifically, the Kellogg plan with the U.S. security guarantees.
00:09:28.060Now, you're also going to be reading, folks, if you're following the news on this, references to your providing security guarantees.
00:09:35.580What I didn't get to mention in the show this morning, Steve, you know, I think this is absolutely explosive, I really do, is an article that was in Foreign Policy magazine, basically saying that if you want peace, then Zelensky needs to be sidelined.
00:09:54.960In fact, the headline is this, keep Ukraine out of talks to end its war.
00:09:59.600And here's what emerges in that article, Steve, and the journalist, Anatole Levin, is referring to his own direct sources here on the ground.
00:10:11.160And with regards to the European countries that are agreeing to send in their troops, what he has picked up, this journalist writing for foreign policy,
00:10:21.440is that they're only doing this behind the scenes because there's this implicit suggestion that there will be, and I quote here from the article,
00:10:32.440an ironclad guarantee from Washington that the United States would intervene if they were attacked.
00:10:39.960So even, folks, if you're reading stories here that it's going to be the Europe aspect of NATO, or even part of the, under the aegis of the European Union,
00:10:50.860that is going to be providing the security guarantees for Ukraine.
00:10:55.340Behind the scenes, the Biden administration, for now, because they're the ones pushing these talks, are guaranteeing to the European capitals,
00:11:05.280you go ahead on paper and pledge to the security, we'll come along and back you.
00:11:10.540You will have our ironclad guarantees, whatever they might be worth, that will come along and back you up if Russia should attack you.
00:11:19.820Well, hold it. But hold it. Hang on. Hang on. Hang on. Hang on. Hang on. Hang on.
00:11:24.540You're saying that, essentially, with the money we're putting in and we're continuing to put in,
00:11:29.020that's an Article 5 guarantee, because that's, hey, if you're attacked, it's like we're attacked, and we will give you—we will come to your aid.
00:11:36.380That's essentially giving them NATO without having to actually do the NATO and take all the publicity.
00:12:31.120If that's true and foreign policy is saying, hey, they want America to backstop an ironclad guarantee that they're attacked, that America comes in 100 percent, that's Article 5.
00:12:41.500And we're sending them money in arms so they get all the best of NATO without any of the commitments of NATO, except we have 100 percent of the commitments.
00:12:53.180Steve, it's worse than Article 5 because Article 5, when you read it, doesn't actually oblige signatories to commit to anything other than taking what action they deem to be necessary.
00:13:05.300And that could be a sharply worded fact.
00:13:12.960And that's if a NATO member is attacked, right?
00:13:16.160We're following this and we're monitoring it closely.
00:13:18.940And that fulfills Article 5 obligations.
00:13:21.580What this article here in foreign policy is talking about is binding you in to actually intervene if one of these nations that are underwriting Ukraine security guarantees are attacked, to bind you in to actually do something.
00:13:38.260And as you point out, the actual subs of the 2 percent, I think Estonia is lobbying now for this to be raised to 3 percent of the defense spending of GDP.
00:13:51.160But that's obviously not the end into this discussion.
00:13:55.380I have a point, Steve, to mention with regards to this, right, which is even more appalling when you zoom out.
00:14:01.800You and I, over many years, we've both read a great deal of books on the Second World War.
00:14:07.040What I remember reading in these books back when the war, when the dynamics between Germany, Russia, and what have you, you were kicking off, was what were called secret protocols.
00:14:21.740These are secret agreements that two states would have with one another, and they would be known only by the two governments, the signatures of that.
00:14:30.480The practice of secret protocols was so abhorrent after the Second World War had been run and the United Nations had been created that the signing of secret protocols is prohibited for all UN member states.
00:14:49.400So I don't want to use the word secret protocols for this, but we're nudging up against it.
00:14:55.800My point is, these paladins of the international rules-based order, as they portray themselves, could actually not have less contempt for the international rules-based order that they're supposedly trying to defend.
00:15:14.360And this here, as I say, in foreign policy is an absolutely horrific article because it suggests what your illegitimate regime is doing behind your back, Americans, because they know Ukraine membership in NATO is so unpopular.
00:15:31.820They're trying to stitch you up without even you knowing about it.
00:15:35.840So this gets back to the CR, the fight we're having for short-term funding.
00:15:48.160It kicks the can down to March, 90 days.
00:15:51.060Look at the struggle we're going to have on this and the knifing in the back on this.
00:15:55.320This pales, this is going to be one one-hundredth of what's going to happen in the fight, in the budget fight for next year, for the full year, and then every year after that.
00:16:07.200I want folks to embrace the first rule of debt club.
00:16:13.120The first rule of debt club is you never pay off the debt.
00:16:17.480You never pay off the face amount of the debt.
00:16:19.360You're only scrambling to pay the interest.
00:16:21.360In Ukraine, we will end up have sent $250 billion, and there's more.
00:16:28.740You know, we just did a $50 billion loan where we stole, essentially stole the money from the Russian people, something we've never done.
00:16:40.900We didn't do it to the fascists in Italy.
00:16:42.780We literally stole the money of the Russian people from their central bank that was in Western banks, particularly in U.S. banks, and not just used it as a loan guarantee, kind of took the cash and sold the assets and used it as the loan itself.
00:16:58.480My point, these budget fights are going to get more and more horrendous.
00:17:05.800And the core of the budget fight, the core of Doge and what Russ Vogt's trying to do is trying to make spending match revenues.
00:17:15.860The only way to get there without tax increases, because you just can't keep printing money, is you're going to have to have – you're going to do less things.
00:17:27.720There's no research on crickets or, you know, all this stuff you see on Fox all the time.
00:17:35.180Yes, that ought to be cut off, but that's not what we're talking about.
00:17:37.120It has to be major – you have to take major blocks, major departments, major agencies, major programs, programmatically, and take billets with it.
00:17:47.500And the Defense Department's right for that.
00:17:50.400The reason this thing is $900 billion, it just passed.
00:17:54.680I should say right now it's passing – the Senate version is passing right now.
00:17:58.620The House passed the other day, and they'll do a joint bill and have it to the president's desk here pretty quickly, $900 billion, almost a trillion.
00:18:05.360Actually, we spend more than a trillion, but they spread it out to other cabinet positions so that we don't have to sit there and go, look, it's a trillion dollar defense budget, when it is a trillion dollar defense budget.
00:18:15.620Luxuries like Ukraine, where the globalists are running around – and Biden did this because the crimes in Ukraine of Victoria Nuland and Samantha Powers and Ann Applebaum and all the sorority – you know, all the death sorority sisters
00:18:32.540and others on the color revolution in Ukraine, we start investigating that, all the kickbacks to Zelensky, all the money his oligarchs just grifted off the top.
00:18:43.180It's like I said, the pus that comes out of that when you pick the scab is going to be so ugly, the American people are going to be revolted.
00:18:48.860So you can't keep putting money in this.
00:18:52.020Now you can't really get sucked in even more, having worse than NATO obligations, security guarantees.
00:19:00.960I think General Kellogg is a good man, and he's served President Trump well.
00:19:05.180I was not totally thrilled of some of what he did with Vice President Judas Pence.
00:19:10.540But hey, but his ideas are so radical as to be, you know, worse than neocon.
00:19:17.640It's like, you know, the warmonger Pentagon, the worst element of it.
00:19:23.160So somebody's got to do a rethink on this, and I hope Rick Grinnell has been now brought in as ambassador at large for special projects, special assignments will get on top of this.
00:19:33.280But there should be absolutely no security guarantee whatsoever from the United States.
00:19:39.020And people are saying, well, Steve, that's impractical.
00:20:23.840We have 15 million invaders in our own country, and so far I haven't seen anything about how we're going to deport them out.
00:20:31.420President Trump's working on the plan, but all I hear on MSNBC and CNN every night, you can't do it because it's $900 billion or $300 billion or $100 billion.
00:20:39.640They're not bitching and moaning about the money we send to Ukraine.
00:20:41.920Every penny we send to Ukraine does not secure the southern border.
00:20:47.760Just because we won the election, nobody's left.
00:20:50.100And you heard the ACLU we played this morning on Rachel Maddow.
00:20:54.060They don't intend to anybody to leave.
00:20:56.360So this fantasy in Ukraine has got to stop.
00:21:00.800We have to put it back on to the European nations that got us into this mess and the people in Davos that got us in this mess, the people in Brussels that got us in this mess.
00:21:23.040Boris Johnson's Tories got turfed out, going to be replaced by Nigel Farage.
00:21:27.760Trudeau, one of the biggest Ukrainians, and his finance minister, as you heard on the show this morning, she's one of the most over-the-top Ukrainian supporters, according to Jim Rickards.
00:21:39.840Let their voters get it up close and personal.
00:21:43.000If the grandmothers in the U.K. freeze this Christmas because there's not enough money to pay for their fuel subsidies, then look at the 50 billion pounds you sent over to Ukraine.
00:21:54.380Where is that now, Boris Johnson, who should be brought back and tried for treason in the United Kingdom?
00:21:59.920Because I'm sure he's getting kickbacks left and right.
00:22:03.200Ben Harnwell, any concluding thoughts in the Ukraine?
00:22:06.020Well, look, yeah, you mentioned the asset seizing.
00:22:11.240I think there's about $100 billion worth of Russian assets in America.
00:22:17.000$300 billion, I think, is the figure I see for Russian assets in Europe.
00:22:21.920The confiscation of these, what makes that even more appalling than it is, just stealing from the Russian people, is the fact that it's not being done with any due process whatsoever.
00:22:33.340And by due process, I mean the state prosecutor or the federal prosecutor should go before a judge and say, this person is guilty of a crime.
00:22:43.560And these are the assets that we need to seize because they've been illicitly gained by crimes, which we will demonstrate in court.
00:22:52.380There's been none of that. People's names has been put on a list, circulated amongst the State Department.
00:22:58.140And the private individuals and their assets have been frozen, and now they're being confiscated.
00:23:04.880And if you look, the way to say how terrifying this is, this will be a precedent which will be used against Americans in the future.
00:23:17.840We got to this stage as a Western civilization, as a civilization, we got to this point where we are, that our sociopathic overlords are destroying,
00:23:27.240because we had respect for the rule of law, and our sociopathic overlords have no respect for that.
00:23:34.580And we can see they portray themselves as the adults in the room, and the great defenders of law and order,
00:23:41.980they could not have more contempt for it, because those institutions stand in the way of their grift.
00:23:50.060Unreal. Ben, just hang on through the break. I'm going to bring Dave Walsh in, but I want you to stick around.
00:24:01.120This gets back, all of these get back to how do we actually finance this country?
00:24:07.000Because we can't really have tax relief for the working class.
00:24:10.880We can't allow regulatory relief and tax relief that impacts in a positive nature the lives of the middle class and working class.
00:24:18.800And that is the central focus right now. If we do that, things are going to take care of themselves.
00:24:24.800But one of the things you have to do is stop this mass federal spending.
00:24:27.740How do you do it first? You've got to draw back the commitments, the commitments we do internally and the commitments we do externally.
00:24:34.400And I think we start on the external commitments first.
00:24:37.840Never said America is the essential country. Yeah, because we're the suckers that walk in and write checks.
00:24:41.900Does it get any better? Does it get any better?
00:24:44.840Does it get any better? Does it get any better? Has things gotten better in Ukraine?
00:24:49.120We spent a quarter of a trillion dollars.
00:24:51.980We spent a quarter of a trillion, $250 billion.
00:24:55.080That we know of. I'm sure they're kicking money in there left and right behind the scenes.
00:25:48.640Birchgold.com slash Bannon, end of the dollar empire.
00:25:52.340Also, just take your phone, go Bannon, 989898.
00:25:56.480You get all the free access to information, 401ks, IRAs, everything, every different instrumentality of how you get involved in precious metals.
00:26:07.480Also, Tax Network New York State, the reason we love them as a sponsor, don't, when the IRS is sending you letters, don't put them in the drawer.
00:26:14.080You put them in the drawer, you're asking for trouble because the fees, penalties, and interest are not going away.
00:26:20.780Open the letter, do not call, call first, Tax Network USA, send them the letter, have a free consultation.
00:26:27.660Tax Network USA slash Bannon, get a free consultation, they can get their arms around your problem.
00:26:32.380If they can help you, they'll lay out a plan.
00:26:34.800If they can't, they make the car of the IRS and get into it.
00:31:43.920We're going to do Thursday, Friday, Saturday live.
00:31:46.960So that's four hours, so 10 hours of live broadcasting with the World of America's Voice.
00:31:52.320We're going to have audience participation.
00:31:53.980I'm going to break off and do something, get to meet all you guys, take photos.
00:31:58.240And then I give a speech with Tucker and Don Jr. on Thursday night, but I'll be around the rest of the time hanging out and making sure you get full access.
00:32:12.480And Governor Gangsters, we're 100% down for, and tomorrow I'm going to show you new sites that are coming up to support President Trump's nominees.
00:32:24.060That's why I played that thing at the beginning with Tim Ryan and these guys saying, oh, well, you know, the system is starting to play out.
00:32:28.860They're going to start getting normal people in there.
00:32:40.600Until that time, Governor Gangsters, see what Cash, some of his thoughts about not just the FBI but the DOJ, all of it, but what they had to do to President Trump.
00:33:43.660Dave Walsh has said for years on this show, he said, hey, you cannot run a modern industrial economy with this madness that they're doing on, you know, net zero carbon, I guess is the way to say.
00:33:56.680You can take all the climate change and all this stuff down.
00:33:59.560It's a radical plan of energy that just doesn't exist.
00:34:07.140And one after another, in Germany, in France, in the U.K., in Canada, and now in the United States, this big thing we just had about inflation, part of it was the cost of living because energy costs are getting out of control.
00:34:18.480So, Dave Walsh, can you just walk us around the horn there using an old baseball saying of these governments that keep falling?
00:34:25.760And the underpinning of a lot of this is just the radicalness of their energy policies.
00:34:31.220And President Trump, that's why Besson's 3-3-3, the last one, the three main, is just—that's a catch-all for full-spectrum energy dominance back to what President Trump did in the first term.
00:34:49.740These governments in Germany and in Canada are beginning to fail yesterday.
00:34:54.940Yesterday, Deputy PM Freeland resigns as finance minister under Trudeau, and leading to Olaf Scholz's attempts to now have a snap election because his alliance has failed in Germany was his firing of Christian Linder about a month ago in November,
00:35:14.600who was, again, finance minister, over the reckless disagreement with finance ministers in both countries with the reckless financial course government leadership is on.
00:35:24.880In Canada, Trudeau, Marlena Smith, the Alberta premier, has been very outspoken, a conservative,
00:35:30.620on the absolute lunacy of net zero decarbon policies across Canada, but particularly affecting Saskatoon, Calgary, Alberta,
00:35:40.060specifically with the lack of ability to drill for oil and gas and now the mandates to achieve net zero as a country being very, very adamantly outspoken.
00:35:49.860She supported heavily this movement that has got Trudeau now on the ropes, even the Jermit Singh, the leader of the opposition new Democratic Party, is calling for his resignation, his allied group, Trudeau.
00:36:07.480But energy is at the core of the complaints about the budget.
00:36:10.540Of course, now that the new President Trump has announced the possibility of 25 percent tariffs on Canadian imports if they don't get their arms around immigration, which they haven't,
00:36:23.920So Trudeau comes out with the sales tax relief and a $175 subsidy to Canadians, but no discussion of reducing the immigration mess he's caused.
00:36:33.820So he's now fired his finance minister, who's written very vehemently that, hey, let's get at the core issues here of energy and of immigration to help avoid 25 percent tariffs in the U.S.
00:37:12.800Germany had a 10-day period only three weeks ago with no wind in country.
00:37:17.940Therefore, the electrical grid nearly collapsed over a 10-day period back in November, late November, leading again to the enormous energy cost.
00:37:26.320Germany is seeing flat economy leading to this collapse of Schultz government, albeit he seems to be wanting a snap election to occur.
00:37:35.560But that's, you know, it's a dangerous, dangerous game.
00:37:38.140But it's all about, in large part, energy costs, as they've continued now to import LNG to offset the shutdown of their 17 nuclear plants, carbon-free, cheap, existing, fully amortized nuclear plants, all closed, importing mass quantities of LNG because they will not frack gas in Lower Saxony, where they're abundant with it.
00:37:59.860England, the case is even worse with imports of LNG at a very high cost to offset energy shortages there, given their refusal to further exploit the North Sea gas fields, their refusal to frack on land, their refusal to harvest coal any longer in England.
00:38:17.500England, you've got basically collapse of the economic, former very strong energy-driven economy in the UK, Scotland, and Wales is now on the ropes due largely to energy policies, and now highlighted by this war effort where they continue to import massive quantities of LNG from here at a very high cost, as opposed to producing it, and still from Russia.
00:38:42.640So, you've got economic collapse leading to the collapse of these governments.
00:38:49.760I think we're going to see continued movements in the direction of populism as we go forward, and largely energy at the core of the issues.
00:39:01.240By the way, I just want to note, I was with Nigel for a couple of days, and he said that one of the things that's driving labor into these – they have a majority, the biggest majority ever,
00:39:11.620but they're getting crushed everywhere they turn, is this thing about the grandmother's being freezing – you know, they're cutting the energy subsidy over the Christmas holidays, and he said, look, there's no money.
00:39:23.920They're scraping for money, but he says it gets back to a terrible energy policy.
00:39:27.960Here, the question is, tell me about this changeover.
00:39:31.460Biden and these guys are trying to do everything possible to chop black President Trump.
00:39:35.000Give me the state of play with where we are with Bidenomics energy, and how do you do that shift to what President Trump does?
00:39:42.520Because you can do executive orders, you can get the animal spirits going in the energy area, but eventually you've got to do this kind of massive deregulation, don't you?
00:39:50.840Don't you have to get in and kind of deconstruct the administrative state on this, Dave Walsh?
00:39:54.940You know, we need to get the federal government out of the electricity business by removing the incentives on part-time, intermittent resources that provide very, very little energy and are not new technology.
00:40:08.280Wind, solar, and battery storage incentives must be eliminated.
00:40:12.320And to wit, Biden, you know, his death moves here, has now sponsored this morning a $15 billion subsidy to Pacific Gas and Electric, on top of yesterday's announced $9.6 billion subsidy to Ford Motor for a new EV plant.
00:40:28.860Stepping into what the Federal Power Act created, the legislation and initiative for states to run electrification.
00:40:38.080States are in charge of electrification through their public service commissions.
00:40:41.740The federal government cannot legally step in and subsidize what are supposed to be state-regulated, state-controlled electricity costs legally.
00:40:53.320They hide the true cost of electricity.
00:40:55.700So the administration will need to step forward.
00:40:57.820Biden throwing gold bricks over the side of the ship, as one of his chief officials mentioned,
00:41:03.760to try to spend out all of this IRA money that he created, his so-called Inflation Reduction Act, by handing PG&E $15 billion to further hide the true cost of electricity in California.
00:41:17.020That's not legal pursuant to the Federal Power Act.
00:41:19.920We've got to eliminate these incentives.
00:41:21.360We have to work hard to jawbone states to get off of this trough of wind, solar, and battery storage.
00:41:29.720Florida, Georgia, Virginia, not just California and Texas.
00:41:34.040But we've got numerous, numerous red states who have adopted heavy, heavy North Dakota, South Dakota included reliance on wind, solar, and battery storage incentives to produce energy costs that are six to 11 times higher.
00:41:52.140Because we're incentivizing activities that, at their core, are far, far more expensive in capex costs than basic combined cycle natural gas, fire, and electricity.
00:42:02.960So we're going to have to take some draconian steps to get states on board with ending their reliance on energy sources that violate the monopoly status of utilities.
00:42:14.140Utilities have monopoly statuses in many cases in exchange for offering abundant, low-cost, reliable electricity to consumers in states.
00:42:24.960They are now acknowledgedly not doing this.
00:42:30.480They're offering far higher costs, up 34% in the last four years, electricity.
00:42:34.620So they're basically in violation of the benefit of the bargain that won them, such as FP&L here, Duke Energy in the Carolinas, won them monopoly territories.
00:42:45.520They violated their end of the bargain.
00:42:47.940That status should be challenged, their status to be regulated monopolies, given that they're not keeping their side of the bargain on abundant and low-cost electricity.
00:42:59.440They ought to be challenged with the competition arriving in those states where you've got regulated monopolies, granted, where the monopolist operator is not holding their benefit of the bargain, which is supplying quantities of electricity at low cost.
00:43:16.380Since this has to dovetail with President Trump's tax plan, the tariff plan, the trade plan, the deportation plan to get excess labor out of here, that's dropping wages for the working class and some of the middle class.
00:43:33.920Because this energy plan, what I call the energy reboot, if he starts – they're thinking it through now, and hopefully you're part of the team eventually, that they pull the trigger on the 20th of January.
00:43:46.800How long before this kind of kicks in?
00:43:48.620Because the taxes and everything else, they take a while to actually – some of the deregulation can happen.
00:43:54.960But if you did it starting in January, how long would it take to get done and how long before it starts to kick in?
00:44:01.460Well, we need to try the obvious, a legislative initiative to roll back the incentives on wind, solar, and battery storage.
00:44:09.560But with a four- to five-seat majority in the House, I'm not thinking that's practically possible to happen.
00:44:15.160So one has to go to the more draconian steps of the reviewing the monopoly status of utilities who are devoted to energy resources now that are very limited in quantity, high intermittency, and low in reliability, and low in abundance, and challenge their monopoly status.
00:44:33.760And B, of course, now through the EPA, we can dismantle the regulatory status of the endangerment finding on CO2 made by the Obama administration can be re-reviewed.
00:44:45.740And all the steps Biden has promulgated for abandoning gas-fired power through using carbon capture, converting fuel to hydrogen, can be dismantled immediately.
00:44:56.200Those can be dismantled immediately within the EPA.
00:44:59.580The tax incentives are a harder thing without Congress.
00:45:04.700Therefore, you go to looking at the monopoly status of utilities who are not serving their ratepayers adequately.
00:45:11.020And you go to the illegality of the federal government stepping in to subsidize rates when the Federal Power Act delegates that authority to states, not the country.
00:45:21.140This is going to—this is going to—and this is about not just states' rights, but federalism, all of that, and it gets cheaper, just like education.
00:45:28.980You need to be down on the deck plates.
00:45:30.620But this is the reason the CR is going to have not many Republican votes, because as Ralph Norman said, hey, Doge and what Elon want to do, the CR works against it.
00:45:42.980The energy dovetails of what Doge wants to do.
00:45:45.900You have to get it, put it in, and then get it into the appropriations process.
00:45:49.920My point, they all have to merge together if you want to undo what Biden's done and just to build up layer after layer of the administrative state.
00:45:59.440And you need the Dave Walsh hammers in there to do it.
00:46:07.220And the underlying predicate of the financial crisis underlies an economic crisis.
00:46:13.400And the economic crisis that they've abandoned as industrial—advanced industrial societies, as Dave Walsh said, you can't get away from plentiful, reliable, cheap energy, full stop.
00:46:26.040That is the physics—the physics of a modern economy deals with that.
00:46:30.220Dave Walsh, where do people go to get you what we can get you?
00:46:52.620Brother Ben Harnwell, some closing thoughts and observations, sir, before we let you go tonight.
00:46:57.160Yeah, looking—staying with the theme of the countries around the world that are being turfed out, every single one of them was in on the Ukraine hoax, and in on that hoax big time.
00:47:12.680That is definitely one of the lines that joins that phenomenon.
00:47:21.380And, of course, it's the point that the mainstream media is putting all the shiny things in the way possible to stop people from associating those connections, first point.
00:47:31.780Second point is that when you're looking at these countries, the regime, the regimes, the regime is all the same, really, country to country.
00:47:45.600It's lost the media's grip over the people.
00:47:48.620So, the one line of defense that they have left to keep their grip on power is the courts, the superior courts, specifically, overturning election results and what have you.
00:48:04.420That is definitely something to watch out, you know.
00:48:06.800And the press, again, doesn't draw the line.
00:48:10.520When you see it, folks, when you're reading the newspapers, watching cable, every time you hear a reference to an intervention to protect democracy from a constitutional court or a Supreme Court, look into this because that's their last line of defense.
00:48:24.620And, of course, because judges are unaccountable, they can be easily manipulated by the people who put them there.
00:48:30.360Third and final point, Steve, you mentioned Nigel Farage telling you about the plight of old people living alone in their council flats, those tiny little damp properties.
00:48:42.800They don't even have the money to put one bar on their electric heater.
00:48:48.100It's not that there is no money because the UK is a very rich country.
00:48:52.380It's how the regime distributes money and spends its money.
00:48:57.000They have plenty of money for Ukraine, nothing for old ladies.
00:49:00.560It's exactly the same as you said a couple of weeks ago on the show when they highlighted veterans as the reason the U.S. can't balance the books.
00:49:10.960We say on this show all the time, we bring industry onto the show all the time.
00:49:16.360We say, stop buying products from people who hate you.