00:00:41.000His spirit, his love of this country, he's done an amazing job building one of the most powerful youth organizations ever created, Turning Point USA.
00:00:49.000We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country.
00:01:40.000You have a great financial background.
00:01:42.000What would be implications of us losing the dollar as the world reserve currency?
00:01:47.000Well, the dollar has been the world reserve currency for a very, very long time.
00:01:50.000And virtually every commodity is priced in dollars, whether it's oil, you know, whether it's coal, you know, everything that's traded around the world, the dollar is the currency through which those transactions are conducted.
00:02:05.000And it's because of that that America has managed to keep its place as the leader of the free world.
00:02:14.000Also, because it's been the dollar, it's given stability because America has been, doesn't feel like it sometimes, but compared to many others, has been a stable country.
00:02:25.000Now, 20 years ago, the Euro was launched and the ambition of the European Union was to replace the dollar with the Euro as a reserve currency.
00:02:37.000What is happening right now is something very, very different.
00:02:40.000The Chinese are on the most astonishing international diplomatic mission.
00:02:46.000It's barely being noticed by Western world media, but they are busy.
00:02:51.000They're busy with President Lula in Brazil.
00:02:54.000They've even managed in the last month to get the Saudis and Iranians together around a table.
00:03:01.000And what China's basically saying to these countries is, look, we're going to help you with money, with all sorts of things.
00:03:10.000And yes, we want to buy your coffee from Brazil.
00:03:12.000And, you know, yes, we want to buy oil from the Middle East.
00:03:16.000We want to do all these things, but we want to do it priced in one.
00:03:21.000And it looks like, it looks like they're achieving a pretty high degree of success.
00:03:28.000So if China becomes effectively a direct global rival to the dollar, this puts them a long way to becoming the world's global superpower.
00:03:39.000Now, when the next world's global superpower is a communist regime that has no respect for democracy, no respect for what we'd regard as the rule of law, has territorial expansionist aims, which we can see very clearly in Taiwan, but don't think it stopped there.
00:03:57.000You can see this is a very, very dangerous situation.
00:04:01.000And yet, whilst this is going on, the leader of the free world, Joe Biden, is in Ireland pretending because his great-great-grandfather came from there, that somehow he's Irish to amuse 40 million Americans of Irish descent.
00:04:19.000And this is the point that on the world stage, America's been making it very easy for China to plug that gap.
00:04:28.000There's been an absolutely pitiful lack of leadership, a focus on all of the wrong things.
00:04:36.000And, you know, I hate to say this to you, Charlie, but the Western world is in decline and will decline further as America is in global decline.
00:04:48.000And so, Nigel, there's a lot there to unpack.
00:04:53.000I really want to dive into, though, an element of this.
00:04:57.000Macron and G that are creating this new cozy relationship.
00:05:02.000You know, if you talk to the neoliberals that run the American regime, one of the arguments they'll make is that, look, we need to do this war in Ukraine.
00:05:10.000We need to keep on pumping money because we have to keep our European partners close to our interests.
00:05:15.000It's a bad argument, but on the surface, it seems as if it makes sense.
00:05:22.000We're now seeing France, which is supposed to be one of our closest allies, that is supposed to be in alignment with all these neoliberal ideas, cozy up to the CCP.
00:05:32.000I think historically, the American link with some European countries has been a very, very important bulwark for democracy against both fascism and communism.
00:05:45.000But it's never been true, of course, of all European countries.
00:05:49.000Macron's visit to Beijing was totally astonishing.
00:05:55.000Rather than saying, do not, do not for one moment consider territorial ambitions with Taiwan, what Macron basically said is, look, you know what?
00:06:06.000You invade Taiwan, we're effectively going to do nothing.
00:06:11.000And that casts massive doubt on French membership of NATO, quite frankly.
00:06:16.000I mean, because if we don't have any commonality of goals, then frankly, what's the future of it?
00:06:23.000So you've got a fracturing going on at two levels.
00:06:25.000One, the military structure that's been there since the late 1940s of NATO now has one of its major players taking a very different policy position to that that we've taken and you've taken over China and Taiwan.
00:06:41.000And at the same time, you've got America's role as a global leader cast into serious doubt.
00:06:47.000Not just, I would emphasize, because of Chinese diplomatic activity, important though that is, but also, also, you know, after Afghanistan, after the fall of Kabul, after giving the Taliban $85 billion worth of top-class American military equipment, there is also a question about can we trust America?
00:07:11.000So whichever way you look at this, we are in the worst global situation with the biggest series of threats that we've had for 80 years.
00:07:20.000And this is why when you don't have an American president, things start to fall apart.
00:07:28.000It should be one phone call to Macron, which I thought was so powerful, the way Trump handled Macron and he was retelling that story with Tucker Carlson.
00:07:35.000Look, Macron's a very weak person, okay?
00:07:38.000He's trying to act in the self-interest of France.
00:08:41.000And the one thing I think about this, the biggest surprise of Trump's presidency was the way that he conducted foreign policy.
00:08:49.000You know, there was somebody who was prepared to talk really tough without ever, ever wanting to use military equipment.
00:08:58.000He wasn't one for launching new wars as previous American presidents had been, but he was tough enough and strong enough.
00:09:06.000And, you know, some of those phone calls that he made to world leaders have been truly astonishing stuff.
00:09:11.000And there's no way, no way that Putin would have gone into the Ukraine if Donald Trump had still been in the White House, because the message would have been very, very clear.
00:09:21.000You do that and you will pay a price for it.
00:09:23.000And of course, never make a threat in life to anybody, whether it's Mr. Putin or a four-year-old kid.
00:09:29.000Never, ever make a threat that you're not prepared to carry out.
00:09:34.000But we've got Biden, a man who is totally confused.
00:09:38.000Much of the Washington elite continues with its neocon ideology.
00:09:43.000But even with that, I'm not sure they're very consistent.
00:09:47.000I'm not sure they really know quite what they want to do.
00:09:50.000And into this vacuum, you've got Putin having launched this offensive, but China effectively using the smokescreen of Ukraine to build its presence around the world.
00:10:26.000I would guess this will go on for many, many years.
00:10:28.000I don't think taking back Crimea or Ukraine is even an option, but I think there should be a negotiated settlement around that and around Donbass.
00:10:39.000And what I don't hear coming out of Washington is any desire for peace whatsoever.
00:11:02.000Look, are you concerned about the American K-12 education system?
00:11:06.000Are you worried about what your children and your grandchildren are learning or honestly not learning in school?
00:11:11.000If you answer yes, my friends at Hillsdale College have a free resource for you.
00:11:14.000Hillsdale College understands the importance of education to the future of our country.
00:11:18.000They're now offering 10 free print copies of their recent issue of En Primus.
00:11:25.000It's titled Education as a Battleground, written by Hillsdale College President Larry P. Arne.
00:11:30.000The special issue provides a factual account of the issues in the ongoing battle over education, explaining why parents and teachers, not unelected bureaucrats or activists, should guide what our children are learning.
00:11:44.000With Hillsdale College, you can make a difference in your community by distributing these copies of En Primus at your church, local business, or even in your doctor's office.
00:11:53.000Do not miss this opportunity to arm yourself with the facts.
00:11:56.000Claim your 10 free copies of Education is a Battleground by visiting charlie4hillsdale.com.
00:12:28.000People say, Charlie, you should not take joy in the downfall of your enemies.
00:12:31.000I'm sorry if it's, I'm going to do it because this is an awful institution.
00:12:35.000BuzzFeed, that pile of steaming trash that has done a ton of damage to our country, BuzzFeed News, to be more specific, is shutting down.
00:12:46.000BuzzFeed News is an awful institution, and they were best known for their listicles, for how they would say, nine reasons how you know you actually might be trans.
00:13:02.000Number four will make you so surprised.
00:13:07.000And so we commemorated the listical way of doing quote-unquote news, BuzzFeed style.
00:13:14.000Now, you might say, oh, what is BuzzFeed?
00:13:16.000And they'll say, no, BuzzFeed was actively involved in trying to take down Donald Trump.
00:13:23.000BuzzFeed News was actively involved in some of the biggest stories.
00:13:40.000Is the wokening turning into a big layoff campaign?
00:13:46.000I am wondering, though, at what point will these quote-unquote journalists, which are really listical writers, are they going to get mad at the liberal companies that are not able to sustain a business model?
00:14:20.000Number two, on the issues like LGBTQ insanity and anti-racism, BuzzFeed said, quote, there are not two sides, and they wouldn't even pretend to offer objective reporting.
00:14:31.000Number three, according to FAIR, a left-wing media watchdog, BuzzFeed's coverage of Barack Obama was so fawning that it was, quote, creepy and sycophantic.
00:14:43.000Number four, they published the discredited Clinton-financed P-Tape dossier as news.
00:14:55.000Number five, they published a hit piece claiming President Trump ordered Michael Cohen to lie to Congress, which Robert Mueller had to break protocol to immediately call out as false.
00:15:07.000Where Mueller came out and he said, no, no, no, BuzzFeed is off the mark here.
00:15:11.000Number six, they had to fire their top tech reporter after it turned out he'd been plagiarizing people for his entire career.
00:15:18.000Number seven, nobody wanted to read them and good riddance.
00:15:21.000It's not even that they're trimming staff.
00:15:22.000They're shutting down the entire BuzzFeed News division.
00:15:28.000And by the way, there's something here that is, I think, important, which is, you know, I read the New York Times here, and they're letting off staff.
00:18:30.000So walk us what is the debt ceiling and what is the debate surrounding it?
00:18:34.000And then we'll get further into the details.
00:18:37.000So by law, for many, many years, there's been Congress can spend more money in appropriations bills, but to the extent the federal government's entire borrowings need to increase because there's no more room.
00:19:26.000Yeah, so we're hitting one of those points in time.
00:19:30.000And of course, what Joe Biden wants to do with the Democrats having spent multiple trillions of dollars without any Republican votes is we're up against the new limit and they want us to pass what they call a clean debt ceiling increase.
00:19:44.000But we just say, oh, okay, you can spend another $2 or $3 trillion more in debt or incur that additional debt in order to feed the spending frenzy in Washington.
00:19:55.000Well, new sheriffs in town, this majority of 218, particularly given the work we did in January to lay down some principles that we were going to adhere to before we elected the Speaker, we're not going to pass any clean debt ceilings in the House.
00:20:15.000And so what we've been working on here is to get a proposal passed on the floor of the House.
00:20:23.000And the leadership calls it the Limit, Save, and Grow Act.
00:22:17.000Let me say the analogy that the speakers used, and it makes all the sense in the world, is when you, if you have a family and they keep hitting their credit card limit, you don't just go and say we're going to get the limit extended.
00:22:27.000We sort of got to look at the family budget, figure out what we can afford.
00:22:31.000And so we're not spending the family recklessly into debt that'll destroy the family.
00:22:41.000We say in exchange for willingness to increase the debt ceiling into the first quarter of next year, which would be about a $1.5 trillion additional clearance of indebtedness to be incurred in that period of time.
00:23:26.000We've got the provision to say we're going to disallow, we're going to rescind the Department of Education regulations that purport to forgive about $550 billion worth of student loans.
00:24:09.000We're going to propose the repeal of those to get that under control.
00:24:13.000So, and something that's very important, I think, to every American that has any common sense is we're going to require the, you know, we've already passed this on the floor of the House, but it's going to be required to be a bicameral deal signed by the president as part of this deal.
00:24:28.000We're going to get rid of that funding for 87,000 new IRS agents who are going to otherwise go out and eat out the subject.
00:24:53.000We're going to limit the spending for the next federal spending year, that is say once we get to October, to the 2022 discretionary spending level.
00:25:05.000It will allow the defense-focused folks to probably have a further increase in defense spending, but it will require the rest of discretionary spending probably to fall to pre-COVID levels back to 2019.
00:25:21.000So, in other words, it's turning around.
00:25:22.000We're going to reduce that's about $135 billion annual savings, and there will be a 1% annual increase cap over the next decade.
00:25:31.000That will save about $1.3 trillion over the decade.
00:25:36.000Although, make sure people understand we're very reticent to bank on savings that will occur over a full decade.
00:25:44.000Well, I mean, I just want to, yeah, I want sorry to interrupt, but I just want everyone to understand that the fight, and it's a noble fight, and it's necessary, and I'm behind you 100%.
00:25:51.000It's just to get us back to pre-COVID levels, and that was still a trillion-dollar deficit, right?
00:25:56.000It's astonishing that we can't go further than that, but it's a testament to how frozen up Washington is in that status quo I described when we talked back in January that people have the hardest of times getting progress made.
00:26:12.000And here's something very important, Charlie.
00:26:14.000You heard the Biden's words, these catastrophizing, I think is a great word, great notion about what he does, that we're holding somebody hostage or we're doing some crazy ideas.
00:26:28.000These are very, they're really modest.
00:26:30.000I mean, they're important, robust in the context of what Congress has been able to do before.
00:26:36.000We are turning the ship of state, but isn't it time to do it?
00:26:40.000And we're doing it in a way that's quite that's uh that can be accomplished readily.
00:26:45.000And my goodness, if the federal government wasn't big enough before it had the massive expansion into the COVID era, I don't know who who thinks you know who reasonably believes otherwise.
00:26:55.000So, but those are the two parts so far.
00:26:57.000So, we got those limits on future spending, the immediate savings from the items that we specified.
00:27:05.000And then there are another couple of provisions then to grow the economy.
00:27:09.000The biggest one is called the Reigns Act.
00:27:12.000And that is an acronym, like so many things in Washington.
00:27:16.000But it provides that if whenever the bureaucracy is going to propose a major regulation, one that would have more than $100 million impact in the economy or certain other triggers, Congress has to approve it before it can go into effect.
00:27:31.000You know, Marco Ru, I mean, One of the senators is, I'm trying to remember his name, which one it is who says this, but he says that he would swap a debt ceiling increase for that alone.
00:27:43.000If you could get the Reigns Act passed, you would fundamentally change the way new burdensome regulations are adopted in Washington.
00:27:50.000And so we're going to ask for that to be done as part of this package.
00:27:53.000So about 30 seconds remaining, Congressman, do you believe Kevin McCarthy is doing a good job in this negotiation up against Biden and Chuck Schumer?
00:28:04.000I've been very pleased with Kevin's work.
00:28:06.000We've had conversations across the conference that we began in, well, in January and before January as a result during the speaker's contest and talking to each other across the factions within the Republican Party in a way that we've never done before.
00:28:23.000Speaker McCarthy has both promoted those and participated in those, and he's done a fantastic job of explaining to the world, including up to the New York Stock Exchange in his speech last week, why this sort of change is essential and why it must happen right now.
00:28:39.000So we're going to start a dialogue by passing this with 218 votes.
00:28:58.000When Mike Lindell, great American patriot, invented My Pillow, it had everything you could ever want in a pillow.
00:29:04.000But now 20 years later, he discovered a new technology that makes it even better.
00:29:08.000The MyPillow 2.0 has a patented, adjustable fill on the original My Pillow, and now with a brand new fabric that is made with a temperature regulating thread.
00:29:17.000For exclusive listeners, the MyPillow 2.0 is buy one, get one free offer with promo code Kirk and get your best sleep ever.
00:29:25.000MyPillow 2.0 temperature regulating technology is 100% made in America and comes with a 10-year warranty and a 60-day money-back guarantee.
00:29:33.000Go to mypillow.com and click on the Radio Listener Square to buy one and get one free offer.
00:29:38.000Enter promo code Kirk or call 800-875-0425 to get your MyPillow 2.0 now.
00:29:43.000That is mypillow.com, promo code Kirk.
00:29:50.000So, Congressman, just to kind of close the loop on the story with the debt ceiling, how do you see this playing out then?
00:29:59.000I mean, obviously, you know, there will be concessions, but instead of the administration saying this is Hash is taking, I would love to have them have some acknowledgement that we are leveraging the entire American economy.
00:30:11.000And the interest rate hike of the Fed, the very lead of all these interest rate hikes, the fire alarm that no one wants to talk about is like, yeah, okay, buying a home is going to be more expensive, obviously, asset prices, but it's going to be more expensive for us to run our own government.
00:30:27.000We were doing a lot of these COVID spending measures when the floating interest rate, the Fed rate, was 70% lower than it is now.
00:31:02.000It would be the most irresponsible position in American political history for Biden to maintain the notion or Chuck Schumer that they're not going to talk about what needs to be done.
00:31:15.000We send a robust package to turn the ship of state, fiscal state, in a new direction and say, well, of course, we're going to handle expanding the debt ceiling responsibly.
00:31:29.000And then we started, that leads to a conversation.
00:31:32.000And of course, this will be negotiated.
00:31:34.000see where we get but the most important thing they didn't think we could put something together in the house and get 218 votes for it we're going to prove them wrong next week and it's a great package to start this is going to the the the amount we're borrowing is going to incentivize the federal government to confiscate more assets because they'll say okay well in order for us to then be able to balance our books then let's just say that if you have three homes we're going to take two of them I am not kidding.
00:31:59.000They are creating the precondition for a massive confiscation of private property and a mass confiscation of wealth.
00:32:06.000When you borrow, you can either default on your debt or one of these lunatics is going to say, look, why don't we just go pay your fair share and we're going to go confiscate hundreds of billions of dollars from the plutocrats and the oligarchs.
00:32:17.000And by the way, if you have a high ESG score, you'll be exempt.
00:32:43.000All right, Congressman, I want to talk about the story here with you're on that weaponization of government committee.
00:32:49.000What can you tell us about this new development, Tony Blinken, kind of running point to get this ridiculous political story?
00:32:54.00050 former officials say that the Hunter Biden laptop was Russian disinformation.
00:32:58.000Minute and a half remaining, tell us about it.
00:33:00.000So I'm sitting in the transcribed interviews we're taking of the people who participated, and that much is absolutely clear.
00:33:07.000Anthony Blinken was working for the Biden campaign when he prompted Mike Morrell and Palmeropoulos and the whole list of 51 ultimately to do this letter suggesting that the Hunter Biden laptop was Russian disinformation.
00:33:29.000Those guys still don't profess any shame over the doing of that, but it was itself disinformation and important interference with the election in 2020.
00:33:40.000They keep on saying, you know, you're a denialist or you're crazy if you say there were problems with the 2020 election.
00:33:47.000They were engaged in a disinformation effort.
00:33:50.000There were contacts through the CIA, according to some information we have, that bring other people on that letter.
00:33:56.000It was a Biden op, just like the steel dossier back in 2016 turns out to have been a Clinton campaign op.
00:34:18.000I don't find joy in talking like this, but the abuse that they have administered against the United States Constitution and our country, we need justice, especially as they come after so many people.