00:00:00.580Hey, today's podcast, you're not going to get anyplace else. I mean, the more analysis on what happened to Tucker Carlson, whether it's true or not, I don't know.
00:00:11.600But we've got a few stories to tell that kind of echo some of the stories that may be dismissed as, well, we've seen it happen in Foxwood.
00:00:21.780That's on today's podcast. Also, we talk a little bit about the economy, the new Republican ad that's all AI and so dystopian. It's just crazy.
00:00:33.900Really? We point out, maybe not so crazy. No crazier than this. Also, what else do we do, Stu?
00:03:07.140And the only reason why I knew that is because I'd already told you everything bad in my life.
00:03:12.180I don't hide from the bad things and the mistakes that I've made.
00:03:15.940I learn from them and try to use them to help, you know, shape today and tomorrow in my own life.
00:03:25.440And I've written books about it and blah, blah, blah, blah, I vomited on the air for years.
00:03:30.920So I wasn't afraid of anything that they could dig up because I'm clean.
00:03:34.920Um, and, uh, so he was bluffing and he had this big, I knew they were investigating me because we just knew, uh, I won't go into all the details, had a big file on.
00:03:49.420Um, then he bluffed, made the biggest error of his, his life with me.
00:03:54.540He said, you know, you've got a wonderful wife and I am now, my hair is up on the back of my neck.
00:05:25.480Here's your paperwork for, you know, and then the last thing was, and this woman never looked at me the entire time.
00:05:34.380She never made eye contact with me and I'm like, am I so hideous that she just can't look at me?
00:05:41.600She was looking at my business partner the entire time.
00:05:44.740And I, I even tried to like sit a little closer to my business partner to try to get, you know, maybe, maybe she can't move her head or I don't know what it is.
00:05:54.560She never looked at me once until the very end.
00:05:59.960And she said, look, the last thing I want to say to you is we all make mistakes and you'll find yourself in a situation at some point.
00:06:11.240And you'll be like, Oh, what do I do before you call an attorney before you call the police before you make a call to anyone?
00:06:21.820And she reached down in her purse, she took out a card, she put it on the table and she slid it across.
00:06:28.180And as she said this, the first time and only time she made eye contact with me, she slid it across the table and she said, you'd be amazed at what we can make disappear.
00:06:40.740And I was like, Oh my, I'm working for the mob.
00:07:08.700And, uh, and then, then nothing ever happened except, you know, then they investigated me and tried to use anything that they could find against me.
00:13:34.180We have like mind melded some way or another.
00:13:39.140Take us through your op-ed that's on the blaze.
00:13:42.040Yeah, I think we're spending a lot of time together on air, Glenn.
00:13:45.420So we're starting to think the same way.
00:13:48.420So, you know, Biden launches this plan for reelection and talks about how he's been investing in America.
00:13:56.980And all I can think about is the fact that we cannot quite literally afford another four years of Biden because he and his cronies, they've been making themselves out to be champions of the middle class.
00:14:11.060But all they've done is decimate the middle class.
00:14:14.580If you think about what's happened since day one with his energy policy, not only making direct energy costs more expensive, but all of the ancillary products that go along with that.
00:14:26.240The inflation that has happened under his watch, 40 year historic inflation that we are still contending with.
00:14:34.900That is a real cost to families, things like hiring IRS agents to go after not the billionaires.
00:14:43.320You don't have $80 billion to go after the 800 billionaires, but obviously to go after the middle class.
00:14:49.820ESG doubling down on the fact that they want to prioritize their investments and the things that they're interested in politically over your investment return.
00:15:03.920And then he talks about the fact that he's been fiscally responsible.
00:15:08.340Not only has he run up substantial deficits, but for this fiscal year, the first half of it, we have a $1.1 trillion deficit, not spending, but a deficit that hasn't been paid for for just the first half of the year.
00:16:07.620In fact, big countries like China are actually getting rid of our debts.
00:16:12.960Investors are, you know, maybe on a short term basis will invest, but there's not trillions of dollars of demand every year for new debt.
00:16:21.260So the only buyer that is going to exist for the debt is the Federal Reserve.
00:16:27.760And that means that they are going to, on an ongoing basis into the future, be the ones that have to buy the debt, which means they are going to continue to devalue your dollar.
00:16:38.180They're going to keep inflation as a part of your life.
00:16:40.980And this is part of the entire plan to make sure that they come out smelling like a rose and you own nothing.
00:16:49.940You know, I'm doing a special on conspiracy theories tonight and how, gee, all of them turn out to be conspiracy facts.
00:16:57.820But when it comes to finance, there are a lot of people that are just pounding the drum.
00:17:05.300And it's it's almost well, I think it is actually evil because so many people will be unprepared when it when it finally hits.
00:17:13.900But I said back in 2009, the Fed will begin to buy our debt.
00:17:19.520And they said it will never happen, never happen.
00:18:22.300Yes, you took the words out of my mouth.
00:18:24.680The acceleration of the dumping of the dollar on the world stage is pretty staggering.
00:18:31.600Now, you know, we always go back to the fact that we are the the cleanest shirt in the laundry or the skinniest kid at fat camp.
00:18:38.660You know, we still have a very resilient population who is very productive on a relative basis to the rest of the world and a lot of good things that are happening.
00:18:48.720And frankly, that is what is backing our dollar on the international stage.
00:18:53.220It's not the faith in the government that they're going to do the right thing, as they like to say.
00:18:57.180It's the fact that we have this productive population as well as the military.
00:19:02.120But, you know, over time, certainly there are a lot of actors that are looking to shift the alliance.
00:19:07.940So even if it's not the dollar goes away, it just becomes one of several different reserves that are being used.
00:19:16.300It completely changes the equation for us, Glenn, because one of the biggest privileges that there are a lot of cons with being the reserve currency.
00:19:23.900But one of the biggest privileges is the fact that the that we get an arbitrage opportunity.
00:19:31.380And that has allowed the U.S. government to finance their expansion and become unwieldy at a very low cost of capital on the back of basically everybody in the world, which they're not very happy about.
00:19:43.920If that goes away, that's what's called the exorbitant privilege, then that means, again, it becomes more expensive to finance the debt, which theoretically you would think is a red flag to the government.
00:19:56.020You know, as the Fed raises interest rates, as it becomes more expensive for the government to finance debt, it should be a signal to say, OK, well, we've got to stop spending.
00:20:04.920Right. What are they doing? They are accelerating spending.
00:20:08.900This is a fiscal runaway train and it is going to derail if we do not do something to stop.
00:20:14.780This is exactly like if you own a house and you bought your house at zero percent and you've been buying them for zero percent and you just start stacking up houses and you really can't afford them.
00:20:26.660And then the interest rate goes up to eight percent and you're on an adjustable mortgage here.
00:20:33.100You didn't lock it in. So it goes up to five percent, eight percent, ten percent.
00:20:37.480And you accelerate the amount of houses and how fast you're buying houses.
00:20:44.240Instead, anyone with reason would stop buying houses, they would reduce their debt, not continue to not only pile on debt, but increase the the the the the volume and the speed of accumulating that debt.
00:21:09.920It is crazy. And what we're asking for shouldn't be a big shift.
00:21:14.480If you think about how much the government took in in quote unquote revenue, which is, you know, primarily our tax dollars last year, it was a hair shy of five trillion dollars.
00:21:25.960They had five trillion dollars that they could have spent and not gone into an extra deficit that needed to be financed with debt.
00:21:34.140If you roll back to twenty eighteen and twenty nineteen, they spent at those levels.
00:21:39.700I mean, it's not very long ago that we would have a surplus that they could use to pay down the debt and try to get us on track.
00:21:46.560But they don't care because this is not part of the plan.
00:21:50.020This is not part of the new financial world order where the stakes are shifting.
00:21:54.620They see that the stakes are shifting.
00:21:56.620And instead of trying to do the right thing and stopping them, they're giving into human nature.
00:22:44.760And then on top of it, if anybody thought our banking crisis was over, can you tell me what's happening with First Republic today?
00:22:52.580So, you know, as we talked about before, there certainly, you know, we weren't we didn't think that we were going to be out of the woodwork when it came to bank crises.
00:23:02.960And one of the things that I did, which I can share in a tweet, I think I've sent over to you, is I kind of plotted out some of what I call the lowlights because I can't call them highlights of the Great Recession financial crisis.
00:23:14.380And it really does kind of show in a staggering detail how long it took for things to play out.
00:23:20.520And so we really are probably still in somewhat early innings, maybe a third or getting close to halfway through what could possibly happen if history indeed rhymes.
00:23:32.360But what happened with First Republic, in a sense, is not dissimilar to what happened with Silicon Valley Bank and Signature Bank.
00:23:38.900And certainly they have not yet collapsed.
00:23:41.380But as they reported their financial results, they let us know that in the last quarter, 40 percent of deposits exited that particular company, even though they had gotten a cash infusion, a massive cash infusion from 11 different banks.
00:23:57.360And all of this is the outgrowth of the Fed policy, of not having the market make decisions, but of this indulgent, negligent Fed policy that just put too much money into the market that couldn't be handled.
00:24:13.000Now, every bank did something a little bit different.
00:24:15.580If you had Signature Bank, it was on the crypto side.
00:24:18.040In Silicon Valley Bank, they put too much into treasuries.
00:24:20.480It was different for First Republic because they were making loans out to wealthy people who basically said, oh, I can get all this money in the stock market.
00:24:30.140Maybe I'll take a one percent mortgage out on my house.
00:24:33.040And now they're sitting around with mortgages that are paying them less than what they have to pay for deposits.
00:25:47.700You break it, you know, he's not going to be mocked.
00:25:51.080So you don't break your covenant with God.
00:25:53.020Well, we have made all kinds of covenants.
00:25:55.580Our founding fathers, when George Washington was elected, he went down to, I'm trying to remember what the churches down in Wall Street do.
00:26:20.980We've done it over and over and over again.
00:26:22.800Well, we've broken all of our covenants.
00:26:24.500I mean, I think if we're trying to get rid of pedophile as, you know, as something that we deem wrong, I think we might be in the territory of being smote, smited.
00:26:39.220One of those words from the Bible, it's common.
00:28:44.240In 2015, my husband and I sued the federal government, the Department of Education and the Department of Justice for not protecting our children in bathrooms, locker rooms and showers in North Carolina.
00:28:56.580My daughter was going to be forced to shower with a biological male.
00:29:01.240This mama said, no way, not on my watch.
00:29:06.540And at that point, I began seeking God.
00:29:54.480So the first heaven is where we live here on Earth.
00:29:56.640The second heaven is really where Satan's throne is.
00:29:59.600It's what you see, the moon, the sun, the stars, the universe.
00:30:02.200And the third heaven is what we know about with the streets of gold, paradise, where we'll go to live eternally with Jesus.
00:30:08.800So I began to find out that our civil covenants are stored in the third heaven, just like Israel's.
00:30:20.520And the Lord, so the meaning of pray third heaven prayers took on a whole new meaning.
00:30:26.440In other words, there are very few covenants that are civil covenants that call upon the God of Abraham, Isaac, and Jacob as an interpositionary figure.
00:30:37.040And ours do, all of them, from the first landing, 1607, dedication covenant, where the colonists landed here, all the way to our Declaration of Independence, our constitution, all 50-state constitutions, our Mayflower Compact.
00:31:15.960Donica, I have to tell you, it's amazing how our leaders in our faith have failed us over and over and over again.
00:31:25.000And I just heard a priest, I was watching him on YouTube, he was talking about, you know, people say, you're a liberal priest or a conservative priest.
00:34:23.840And I started learning about history and looking at all of the proclamations and the way they were written.
00:34:32.840And I tried to get our Congress just to pass the exact same proclamation, calling us to fasting, prayer, repentance, and to re-covenant with God, that Abraham Lincoln wrote after Gettysburg.