The Great America Show - BIDEN’S INFLATIONARY SPENDING & WOKE AGENDA DROVE SILICON VALLEY BANK TO ADOPT WOKE POLICIES AND FAIL, SAYS JOHN SOLOMON

00:00:00.000 Hello, everybody. I'm Lou Dobbs, and welcome to The Great America Show. Great to have you with us.

00:00:05.940 Our intent always is to fight to preserve our national values of truth and justice and, of

00:00:11.960 course, the American way of life. And that fight gets tougher, it seems, with every passing day.

00:00:18.700 But undaunted, let's get to the truth as we know it today. And it all begins with a Trump truth

00:00:25.140 post on Truth Social, in which he said an illegal leak indicates the Manhattan district attorney

00:00:32.340 intends to arrest him in connection with the porn star Stormy Daniels case, perhaps as soon as

00:00:40.220 Tuesday. And just like that, all hell's a-poppin'. Elon Musk tweeting that if they arrest Trump,

00:00:47.960 Trump will win by a landslide in 2024. Now, personally, I think he'll do that anyway.

00:00:54.000 We're just talking degrees of landslide here now. The George Soros-backed radical left district

00:01:00.780 attorney Alvin Bragg first declined to prosecute Trump at all. Then, under pressure, surely from

00:01:07.780 Soros and the Marxist faction of the party, which is the dominant part of the party in New York,

00:01:14.300 he reversed himself and revived a case that's been seven years in the making, including allegations

00:01:20.540 of an affair with Daniels that Trump denied ever happened. Hush payments he denied ever happened.

00:01:26.600 If ever there were a clear appearance of pure political persecution, this is certainly in the

00:01:32.840 running for the top prize. And what do the Marxist Dems really want here? This is for all appearances,

00:01:40.200 their run at a third impeachment, a third special counsel. And believe me, only the maddest of the

00:01:47.500 Marxist Dems could even pretend they have the moral high ground here. They are what they appear.

00:01:54.560 They are venal, corrupt, creepy, and evil. And scary even. They're perfectly willing to take the

00:02:02.340 country to the edge. And for what? Just a psyops campaign against the man the Marxist and corporatist,

00:02:09.680 the pervs and pedos fear most in the White House? Because Trump will most certainly this time

00:02:15.280 do everything he can to drain the damn swamp. So with banks failing, others on the verge,

00:02:23.120 anxious investors on edge, we have a Biden regime that's seeking to send our troops to Ukraine

00:02:29.720 to fight toe-to-toe, foot-to-foot in nuclear war with the Ruskies. As Slim Pickens said in the movie,

00:02:37.520 Dr. Strangelove, or how I learned to stop worrying and love the bomb. Notice I said toe-to-toe,

00:02:45.180 with the Ruskies, but didn't say shoulder-to-shoulder with our good friends the Euros. Because it's very

00:02:51.220 likely, if it comes to that, we'll be spending our money in the war, sending our troops to fight

00:02:57.920 it. That's not good. Not our fight. And certainly not our troops' job to save Europe once again.

00:03:04.880 Let's stop the warmongering impaired puppet president before he gets Americans killed. 1.00

00:03:10.240 More Americans killed. And we know the Marxist-dim cabal that pulls his strings would love nothing

00:03:17.820 better. The answer to the Marxists on war in Europe is straightforward. Hell no. I certainly

00:03:25.220 hope the idiot senators of both parties, who want to send not only hundreds of billions of dollars to

00:03:31.320 Ukraine, but also thousands of our troops, understand that we won't stand for sending

00:03:37.840 more of our troops to fight and die in wars that simply aren't ours. Stop the madness. We've got

00:03:45.300 enough to deal with here at home. And please, everybody, remember that. And remind everyone

00:03:50.860 else, America is our home. Demand respect. Even in tough times, and these are tough times getting

00:03:59.280 tougher. And that is no accident, believe you me. It is the purpose of the Biden regime,

00:04:05.180 and they are to this point succeeding wildly. Heightened tensions with China, with Iran,

00:04:11.500 Saudi Arabia, and Russia. The economy stagnating as hyperinflation roils markets and takes food off

00:04:19.140 Americans' kitchen tables and cash out of their wallets. The median household net worth is a terrible

00:04:26.180 number. It has now reached zero. We are truly a nation divided along a very important line, not just between

00:04:36.180 those who have and have not, but also those who have an awful lot and those who have almost nothing. Biden and his

00:04:45.860 Marxist puppet masters did that. Not you, but them. They did that to us in just over two years.

00:04:55.460 Our guest today is a great American journalist. He is a great American. Our guest is John Solomon,

00:05:02.060 founder and editor-in-chief of JustTheNews.com. John, it's great to have you with us. Banks crashing,

00:05:09.660 banks failing, regulators AWOL. Now regulators want to bail out big depositors, including big Chinese 1.00

00:05:16.820 depositors. Your thoughts? Well, listen, there are two storylines that every expert we've talked to,

00:05:22.740 including members of Congress like Brian Stile, who were briefed last night. They got a private

00:05:26.400 briefing from the Treasury Department. And they're two very important storylines. One is, particularly

00:05:31.180 when it comes to the Silicon Valley Bank, their woke agenda contributed to their failure. What do I mean

00:05:37.780 by that? While they were losing large amounts of investment, racking up large investment losses last

00:05:46.220 summer. In fact, during their July earnings call, some of the JP Morgan folks said, hey, you just lost

00:05:51.980 8% in a quarter on your investments. They're only a bad quarter. We think two or three. What's up? And

00:05:56.480 they're like, well, hey, don't worry. We're doing ESG. We're doing CRT. Put all the alphabet soups in

00:06:00.800 their DEI. They were so focused on their woke agenda of environmental, social governance, DEI, diversity,

00:06:08.940 inclusion, and their green climate investment, that they were not looking at the bottom line. They were not

00:06:17.900 adjusting to the economic realities that were affecting the very people they were making in investments with.

00:06:23.100 So that's the first part. Woke led to broke. That's something that now we have some great documents we put up on

00:06:29.060 the site yesterday so people could literally see the conversations of what the bank was focused on when

00:06:33.760 investors were raising red alarms saying, hey, something's wrong with your bottom line here. The second part is

00:06:39.120 there is a direct line, according to the people who've been briefed, between Joe Biden's excessive spending, the

00:06:45.860 trillions of extra spending he's poured onto the economy the last two years, and the bank phase. And it goes this

00:06:50.980 way. A lot more government spending brings a lot more government inflation. Government inflation brings

00:06:55.260 a lot more interest rate hikes to slow down the red hot economy. And it was those interest rate hikes

00:07:01.080 that sunk a lot of the risky tech investments that this Silicon Valley bank was making. So Joe Biden's

00:07:08.180 big spending ultimately has a cyclical effect on the bank. Now, in fairness, the bank had mismanagement.

00:07:14.320 It didn't adjust, according to the people that were briefed last night, to the fact that there was going to be

00:07:19.040 high interest rates. Everybody knows interest rates have to go up when inflation goes up.

00:07:23.020 They didn't make the adjustments. But the Biden economy is really the root cause of this woke bank

00:07:28.340 ultimately going belly up. And those are the two things that have come out of our reporting

00:07:32.080 in the last 24 hours. And as you say, you chronicled it well in just the news, talking about the liberal

00:07:41.320 investment atmospherics and the reality. And by the way, they didn't have to look too far.

00:07:49.020 They're just simply perhaps pay attention to the Federal Reserve bulletins, and they would

00:07:54.920 understand it. Or if they turn to their investment officers or they turn to their risk management

00:07:59.240 people. By the way, apparently their number one, their top risk management person left nine months

00:08:07.800 ago. And speaking of not making an adjustment, they didn't replace her. This bank is, you know,

00:08:14.640 parallelously close to meeting the definition of bad, bad management.

00:08:20.680 Yeah, listen, that's the message that the lawmakers have been briefed on it. It's the message that you

00:08:25.400 hear from even Democrats. I mean, there was a very sharp assessment over the weekend from Rochon,

00:08:31.060 the congressman in whose district this bank was based, saying the Biden, you know, the economy moves

00:08:36.700 at the speed of Twitter and the Biden administration can't move that fast. That's a real problem when

00:08:41.160 Democrats recognize their own president and his fiscal apparatus wasn't up to the job of reacting

00:08:47.080 to something. Now, quite frankly, we're now learning that this was kind of a slow motion wreck. Like

00:08:51.240 actually, while the last few days were, you know, the expedient process of the bank failing very

00:08:56.920 quickly, the warning signs were there last spring and summer when the earnings report started to show,

00:09:02.620 I think it was $150 million loss in a single quarter, about 8% loss in investments in a single

00:09:07.840 quarter. That's a bad quarter for any bank. And you can see JP Morgan and others starting to raise

00:09:12.340 red flags. Where was the United States government? And the question a lot of banking committee members

00:09:17.920 are asking people like Brian Stile was, because this bank was so woke, because it was championing all

00:09:24.420 the things that the far left and Joe Biden's administration cherishes, did regulators give

00:09:29.100 them a pass? They're doing the right thing. We're not going to worry about their fiscal

00:09:32.040 state until it was too late. I think that's going to be the fundamental question of oversight that

00:09:37.640 Congress is going to have to ask here. Did the woke coverage of this bank have blind the Biden

00:09:44.000 administration from seeing the problem and reacting and intervening much earlier in the

00:09:48.100 process? Well, I think that your narrative, and that is the wokeness of these banks spoke to the

00:09:56.500 recklessness of these banks. There are six now on the watch list. And I think that most people may be

00:10:03.700 a little surprised that there are only six, because in the initial hours, it looked like this thing

00:10:09.900 might be a lot bigger. When I referred to the bad management of SVB, there's also some good news in

00:10:17.320 that. If indeed we could make the somewhat modest assumption that that level of bad management isn't

00:10:26.360 in existence in a lot of other institutions. It's inconceivable almost that management would not

00:10:34.160 be alert to a changing, if you will, environment for risk, for investment, and certainly for their banks.

00:10:43.920 But it's just, to me, stunning to think that Signature Bank, that aligned significantly,

00:10:52.820 yeah, a former congressman, former author of a very important bill, sitting on the board of

00:11:00.660 Signature Bank. My gosh, talk about wokeness personified, that would be Barney Frank.

00:11:06.900 Yeah, yeah, listen, there is a warning lesson here that I think is going to carry across every part of

00:11:13.840 our government, because the same wokeness that blinded these banks to their own mission to

00:11:18.060 protect investors also seems to be blinding our military leaders from training the right way our

00:11:23.840 soldiers or scaring soldiers from wanting to even join the military for fear they'll be reprimanded

00:11:29.440 for using the wrong pronoun. The wokeness, the utopian view of this wokeness movement is so divorced

00:11:36.160 from the reality of what institutions must be doing to do their job. Armies are supposed to be prepared

00:11:41.500 to fight war. Banks are supposed to protect people's money. This is a warning sign for any

00:11:45.840 other part of the economy or the political sectors that have gone woke. ESG funds, right? If you're

00:11:51.480 in ESG, hey, maybe you should get back to just finding the highest return on investment, not the

00:11:56.320 one that makes your climate activists happy. There is a warning sign that I think carries across many

00:12:01.920 sectors of government. And the question is, will that warning sign be read the right way? Will people

00:12:06.820 go back and say, you know what, we better get back to the basics enough with this utopian

00:12:10.340 ideological liberal dream that we've been trying to live through? That is, I think, the moment that

00:12:16.560 the country finds itself. And now the question is, will its leaders be up to the challenge?

00:12:22.240 Indeed. And the challenges are many because we have principal institutions on Wall Street driving ESG,

00:12:28.600 but they're also driving China markets. And it's one of the things that we have to, you know, I hope

00:12:36.700 that our financial institutions committees in both the Senate and the House are paying great attention

00:12:41.420 to this because I think it's an essential element of the weakness that we're seeing and the reason for

00:12:46.860 some of the volatility we're seeing definitely in our equities markets and the strains on commercial

00:12:52.600 banks. And that is channeling American capital, whether they're retirement funds for American

00:12:59.640 workers, government workers, whatever they may be, directing obviously and directly that money to

00:13:08.880 investment overseas, in particular China. China is getting money that is desperately needed for investment

00:13:15.780 in the United States. And there's no hearing on it. There is no discussion about it. But it is a

00:13:21.820 very real threat to this country. And I remember watching you many years ago begin to raise this

00:13:29.820 alarm years before Congress caught up to the threat, years before Joe Biden caught up to the threat,

00:13:34.100 because he was telling us in 2019, hey, China's not our enemy. They're not our competition. They're

00:13:38.240 good people. You're all overblown. You were sounding the alarm on this. And I think what's really

00:13:42.800 interesting is I've been going back and looking through some of the congressional reports that were

00:13:47.120 done that maybe didn't get the right attention. But in early 2021, Devin Nunes, before he left

00:13:53.180 Congress and went to the Truth Social Company, he put out a report, 10 American companies that were

00:13:59.140 significantly funding Chinese interests tied to the military. That should have been a roaring 0.98

00:14:04.960 headline. Now, we had it at Just the News, but most of the other media didn't cover it. That's a real

00:14:09.200 problem. Last December, just before we were heading into the holidays, the House Intelligence

00:14:13.700 Committee put out a report. Most of it was classified. They did an unclassified version

00:14:18.700 for the public, but it was the holidays. No one paid attention. Just the News did have it,

00:14:22.300 but others didn't. And it said, listen, the Wuhan Institute of Virology has direct connections

00:14:27.880 to the Chinese military that's been involved in biowarfare. Think about that. Tony Fauci is sending

00:14:35.100 funds to an institution that our own intelligence community knew was involved in biowarfare. There is so

00:14:41.380 much evidence that Americans are funding China's efforts to hasten the American demise. We've got 0.81

00:14:48.400 to stop that. We can't contribute to our own demise. I think people are just beginning to wake up with

00:14:52.840 Chairman Gallagher with the new China subcommittee seems to be on the right path on some of these

00:14:58.200 things. The question is, does official Washington have enough will to make the changes once we

00:15:03.020 highlight? It's one thing to highlight it. We've got to change course, and there doesn't seem to be a lot

00:15:06.820 of course changers in government today. There doesn't, but there are a lot more than there

00:15:12.860 were, thanks to the 118th Congress. I am hopeful for Gallagher. I'm not persuaded yet of his political

00:15:22.340 view and whether or not he has a sustainable interest in assuring that the United States is responding to

00:15:31.960 its number one enemy in the world, and that is the CCP. It's going to be interesting to see. But

00:15:38.460 speaking of the 118th Congress, James Comer, the chairman of the House Oversight Committee,

00:15:44.520 who has been relentless on this issue of the SARS, the suspicious activity reports that the Treasury

00:15:51.780 Department has been refusing to turn over to him for, I suppose it's well over a year, because he was in

00:15:59.620 the minority. He started demanding, as soon as the Oversight Committee is up, he started demanding

00:16:06.080 those all again. And guess what? Big news today, he's going to get them on Hunter Biden and the Biden

00:16:13.020 family. Yeah, listen, he's taking the approach that the 2017 Republican Congress simply didn't take

00:16:18.720 with its leadership under Paul Ryan. He is not waiting. He's not playing the delay game. He's like,

00:16:23.860 listen, I know you're going to delay me, so let's just get past the dance and let's get right to the

00:16:27.920 rumble. And so he immediately summoned a senior Treasury official. You don't want to give me the

00:16:33.380 documents now that I'm the chairman? Come before my committee and see what that feels like. And the

00:16:37.480 official said, you know what? I'd prefer not to come. How about I give you the documents? And he

00:16:41.940 literally cajoled his way into getting the documents very quickly. That's important. What you see with

00:16:48.120 James Comer right now, and a lot of people ask me a year ago, is he up to the task? And I've been watching

00:16:52.460 him and getting to know him. I really think he's up to the task. And what's most interesting about him

00:16:57.200 and his staff is what they're doing. They're running their investigation the way the good

00:17:01.720 old mob prosecutors, people like Rudy Giuliani years ago, how they rolled up mob cases to get

00:17:07.140 to the top of the food chain. Get the little guy, roll him up, roll on the next guy. If someone gets

00:17:12.200 in the way, let him know it's going to be uncomfortable quickly. Don't waste time being

00:17:16.000 polite. And all of a sudden, things are falling into place. Just think about the last two weeks.

00:17:20.360 You got Eric Schwerwin, Hunter Biden's closest business associate, the man between Joe Biden

00:17:25.040 and Hunter Biden and a lot of financial transactions. He's now a cooperating witness.

00:17:28.720 He got the Treasury Department to give up the SARS. He's got email and other exchanges that were not

00:17:34.560 part of the laptop that other witnesses have provided. He's moving very quickly and he's rolling

00:17:39.320 up a very large group of witnesses and data so that by the time he gets to Hunter Biden and James

00:17:44.900 Biden and the president, he's got everything. There's nothing he doesn't know. And Joe Biden and

00:17:50.200 Hunter Biden and James Biden, whoever else may be involved, they're not going to be able to wiggle

00:17:55.280 their way out of the ambiguity. That's what he's been pursuing. It looks very much like the successful

00:18:00.340 mob prosecutors I covered in the 80s, 90s, and early 2000s.

00:18:04.660 And Comer is still, even though he's getting what he wanted, and this to me is the mark of a great

00:18:10.500 investigator, he's not happy and he is not going to lift a glass and toast.

00:18:16.460 He is so angry that it took everything he could throw at them for them to respond and do what they

00:18:23.220 should have done the first time, the right time, and the right way. And we're still, and God bless

00:18:30.900 Comer, he's demanding that there be an attitude change across all of government and there be

00:18:37.800 meaningful oversight. And I say hallelujah.

00:18:41.440 Yeah, I agree. Listen, there's one stick that I think Republicans are using effectively. It isn't

00:18:45.820 very visible, but it is a very real threat, which is if you're going to defy us, listen,

00:18:51.320 we know the Biden Justice Department's not going to prosecute you like they prosecuted Steve Bannon.

00:18:54.940 We know how that's going to go. But guess what? We own the purse strings. That's what our founding

00:18:58.860 fathers gave us. And if you don't comply when the new fiscal year starts October 1st, guess what?

00:19:04.580 Your salary is going to be $1. See if you can live on $1 as a bureaucrat. That threat has,

00:19:09.740 I've talked to several bureaucrats that are in the crossfire of some of these committees.

00:19:12.920 That threat has woken them up. Wait a second. This is going to affect my personal pocketbook.

00:19:17.620 Okay. Maybe I don't want to hold the line as much as I do. And I think that's a secret weapon that's

00:19:21.840 being used behind the scenes. The penalty won't come to October 1st because Mitch McConnell gave

00:19:26.400 away this year's fiscal budget to the Democrats. But October 1st, Republicans are going to just

00:19:31.180 defund people who don't cooperate. It's going to be hard to live on $1 a year in Washington.

00:19:35.980 I think that's becoming a very powerful tool behind the scenes. And they're serious about it.

00:19:40.100 They do intend to defund people who don't cooperate.

00:19:43.960 And even that $1, by that standard, they will still be overpaid.

00:19:48.360 That's what a lot of people would say.

00:19:51.100 I want to turn to a number of things here, John, if I may. The Libs are saying that China money,

00:19:58.520 and I wanted to talk about this just a moment ago, but when we're talking about the banks,

00:20:03.940 we're talking about bailing out Chinese venture funds in SVB, and perhaps other banks as well.

00:20:13.640 That is, to me, is disgusting. Because we learned in 2009 what that meant. We saw Federal Reserve

00:20:22.980 money. We saw Treasury money pouring across borders every which direction. We didn't learn a lesson

00:20:29.580 in that. Oh, yes, we did. Biden may not have. But his refusal to say that they will not be

00:20:35.520 subsidizing Chinese venture funds as depositors in SVB, that's outrageous.

00:20:42.280 Yeah, listen, here's how the system works. And you know this. You explain it better than anyone.

00:20:46.240 The FDIC is an insurance program. If it needs more money than what's in the pot, and by the way,

00:20:50.360 there's only $130 billion in the FDIC pot, and you have banks of failures totaling about $350 billion

00:20:56.520 right now, what are they going to do? They're going to raise the insurance rates overnight for

00:21:01.500 banks. By the way, that's going to put more banks into fiscal trouble, right? And what do you think

00:21:05.900 the banks are going to do? They're not going to say, oh, geez, out of the goodness of our heart,

00:21:08.780 we're just going to pay this out of our pocket. We're going to take it out of our earnings and

00:21:12.000 our salaries. Heck no. You know what they're going to do? They're going to pass those costs on to the 0.96

00:21:15.680 American public. So we're ultimately going to pay for it. And just Joe Biden is using semantics to say

00:21:20.580 taxpayers won't pay for it. When those new fees go up for the FDIC to cover whatever losses they're going to

00:21:26.300 cover, the banks are just going to pass it on. They always pass on the cost because they've got

00:21:30.440 a bottom line and earnings to attend to. So it's ultimately going to get passed on to the American

00:21:36.100 public. And at some point, the fee may become so high to the banks that you put more into trouble,

00:21:41.300 and then they're going to have to go to Congress and say, we said no taxpayer money, but now we need

00:21:45.740 it because we can't tip more banks into failure. This is a game of semantics that Joe Biden ultimately

00:21:51.780 is not going to win. The American people are way too smart for it. And getting smarter by the day.

00:21:57.340 Yes. The idea that depositors in excess of the FDIC insured $250,000 are being bailed out

00:22:05.400 is, I mean, that is a tough, tough deal. And let's be very clear, ladies and gentlemen,

00:22:12.480 this is about political IOUs. And Silicon Valley has a bunch of those with Biden's name all over them.

00:22:21.380 And this is the attempt to get him to do a payback by buying out, paying for those depositors who had

00:22:31.480 millions, some of them, tens of millions and a few hundreds of millions of dollars in that bank.

00:22:38.260 Too bad. That isn't the way this should be handled in any way.

00:22:42.540 Lou, you're really right about the capital cronyism too. One of the elements we had in our story last

00:22:46.480 night's got a lot of attention is while this bank was starting to suffer losses, it made a hundred

00:22:51.060 thousand dollar contribution to Gavin Newsom's wife and her favorite liberal non-profit. It shows up

00:22:58.120 in the California ethics reports. We dug this up yesterday. We've been talking about it. So they're

00:23:02.880 making friends even as their ship is taking on water. How many times have we seen it? Sort of like

00:23:07.660 Sam Bankman-Fried, right? We saw him giving out money when his ship was going down. We can go all the

00:23:12.120 way back to the banking scandals of the 90s when John McCain got caught up in Silverado or in

00:23:17.520 Keating 5. This is an old-fashioned corruption thing. Banks in trouble start to make friends,

00:23:27.260 so hope the trouble won't be too bad for the executives. And you're seeing that now. The

00:23:31.120 Gavin Newsom thing really stands out to us as an unusual investment and the potential conflict of

00:23:36.420 interest. Why the ethics rules require that report to be filed? Because Gavin Newsom is getting a heck

00:23:41.580 of a gift to his wife through this bank that's under his regulatory authority. I think we're

00:23:47.340 going to learn more about who else got benefits in gifts over the next few weeks from some of these

00:23:51.500 banks. California S&Ls were prominent during the S&L crisis, as were the Arizona banks that just

00:23:59.440 referred to Keating 5, Lincoln Savings and Loan, those institutions. And people have a little bit of a

00:24:07.120 historical continuity to look at here when we talk about First Republic Bank, which started as a

00:24:13.360 savings and loan. We have a continuing historical line to follow in all of it. I love your story on

00:24:22.060 Just the News. House GOP presses gallery owner on Hunter Biden art sales. And I think this is something

00:24:30.460 that people really need to pay a lot of attention to and follow on Just the News because this just

00:24:37.580 doesn't quit with these Bidens. Explain how that's working. Well, listen, after he gave up, what he

00:24:45.760 said was he was giving up the foreign money gig, right? So for 10 years while Joe Biden was vice

00:24:50.460 president and running for president, he had the foreign money gig. He made money in China. He made

00:24:54.980 money in Ukraine. He made money in Russia, almost always from oligarchs, people that on our side of the

00:25:00.440 fence in America were already flagged as suspicious characters. That's why there are 170 plus

00:25:05.400 suspicious activity reports that James Comeridge had got his hands on. If you're not dealing with

00:25:09.920 suspicious people, you usually don't get suspicious activity reports filed by banks. So Hunter Biden

00:25:15.120 was playing that game. Then he said, all right, I'm done. I know my father's going to be president.

00:25:19.140 We're not going to do this anymore. And then he suddenly took up art, which Hunter Biden doesn't

00:25:22.920 strike me as the artist type. Maybe I'm wrong, but it didn't seem like the sort of Picasso and making that

00:25:27.880 we've been looking for. And all of a sudden this guy comes out of the blue and starts representing

00:25:32.380 him. And there is a great fear that maybe some overseas people bought these paintings at exorbitant

00:25:37.440 fees to keep the money flowing to the Biden family. And Congress can't get an answer from the art

00:25:43.520 dealer. And so once again, the impatient James Comer, and I use the word impatient in a positive way,

00:25:49.320 he's not sitting down. He's going to bring this, he's going to force this guy to come before Congress,

00:25:52.720 maybe take the fifth. He is not going to stop until we find every source of cash flowing into

00:25:58.660 the Biden family, because there's a belief that it just didn't stop, that they didn't magically

00:26:03.320 stop being greedy on January 21st, 2021. And so they know there are back doors. They're looking for

00:26:09.460 those back doors. This art gallery looks like one. Again, the art gallery dealer deserves the

00:26:15.600 benefit of the doubt. But if he's got nothing to hide, then he should just tell Congress what he

00:26:19.160 knows and they can move on to something else. This is going to become a very fun fight in the

00:26:23.760 summer. I think you're going to see James Comer not back down and until he gets the answers that

00:26:28.720 the American people deserve. Well, terrific reporting as always. And I just want to get a

00:26:34.500 sense from you. What do you think? How long do you think it'll take for those suspicious activity

00:26:39.380 reports to be put in front of his committee and investigators? I think they're going to see him this

00:26:44.840 week. That's what I've been told, that they're going to go into a reading room and get to take

00:26:50.000 notes and do it. And, you know, remember, Ron Johnson and Chuck Grassley got a chance to look

00:26:53.920 at some of these back in 2020. There were some they weren't shown then. So there's going to be

00:26:57.800 new ones. That's very exciting. I do think that over the next two weeks, they're going to have the

00:27:03.440 sort of roadmap between Eric Schwerin cooperating and having, you know, real firsthand knowledge of what

00:27:08.440 Joe and Hunter were telling him in real time. And then this and then I think there's a tranche of

00:27:12.980 documents they're trying to get from another business partner, Devin Archer, the man who was

00:27:17.820 convicted in a tribal fraud. He's waiting to go to prison. There's another body of documents. I think

00:27:22.820 when they have those three sets of documents, they're going to have the most complete narrative

00:27:27.460 that we've had to date of where Joe and Hunter made their money, how they made it, who they made it

00:27:31.460 from, how many more free diamonds and interest-free forgivable loans that they get from China, Russia,

00:27:37.140 whatever. And then I think the real hearings begin. And then the pressure is Hunter Biden,

00:27:41.660 Jim Biden, are you going to testify? Are you going to take the fifth? And then there's another

00:27:45.180 pressure here, which is, hey, prosecutors, you've had this for five years. If we're finding it in

00:27:50.060 Congress, when are you going to do your job and bring some criminal charges? I think all that plays

00:27:55.220 out by mid to late spring. I think by Memorial Day, we will have some new bombshell revelations and a

00:28:00.640 much more complete accounting of the Hunter Biden racket where he made all of his money overseas.

00:28:06.100 And you have to think about that U.S. district, that U.S. attorney in Delaware, who's had all that

00:28:17.260 material, investigative material on Hunter Biden for over four years. The pressure on him right now,

00:28:25.380 I don't know what the consequences or what might follow as a result of his innovation,

00:28:33.840 but it should be significant because of his just outright dereliction of responsibilities.

00:28:41.040 I think there was a big clue. I've been watching this very closely, Lou, and I think there was a

00:28:46.200 big clue in exchange between Senator Chuck Grassley, one of the wily senators who've been

00:28:51.780 protecting whistleblowers and highlighting wrongdoing for a long time. He was a guy that cracked the code

00:28:57.580 and allowed us to understand Hillary Clinton actually paid for the dossier. So Chuck Grassley's been around

00:29:01.320 for years, turning the FBI and others upside down. He had this very pointed exchange with Merrick Garland

00:29:07.100 where Merrick Garland was extremely uncomfortable, raising the question, is it possible that the

00:29:12.420 Delaware prosecutor has a criminal case and someone in your bureaucracy is stopping it? And he couldn't

00:29:17.420 answer the question. He kind of fumbled and bumbled and got very nervous. I think we're going to learn

00:29:22.600 of something going on in Washington that may be affecting the Delaware prosecutor in the next few weeks.

00:29:27.620 If that comes out, everything that we've been told about the independence of that prosecutor will

00:29:32.560 be called into question. But it wasn't an accident that Chuck Grassley asked such pointed questions.

00:29:39.000 And as I've done some reporting, I think we're going to learn some big stuff in the next couple of

00:29:42.900 weeks. It's an area that I would focus on. One other place I want to mention that's a big focus

00:29:47.400 today. I just got off the phone with the House Administration Committee chairmen, so I want to

00:29:50.800 mention this to you. Republicans have long hated Obamacare. We know why. It's a manipulated market.

00:29:55.240 It goes against their free market conservative values. But there is a new reason to be very

00:30:00.760 suspicious of Obamacare. Over the last few days, Congress was notified that because it was forced

00:30:06.500 to buy its insurance through the Obamacare exchange in Washington, D.C., known as the D.C. Health

00:30:11.380 Link, they had all of their private data stolen by a hacker who hacked the D.C. Health Link. This is a

00:30:17.800 major controversy. It's just starting to erupt in Congress. The Congressional Administrative

00:30:23.600 Office just informed members and their lawmakers you were breached. We don't know who yet. Congressman

00:30:28.620 Stile, the Chairman of the House Administration, says, listen, probably a foreign actor. Obamacare

00:30:33.480 and a foreign actor. Two things we don't like in the Republican Party. I think we're going to learn 0.58

00:30:37.640 a lot more about that as well. Another reason to distrust all the big government things that have

00:30:42.620 been built over the last 12 years. They keep failing us, whether it's a bank or a health

00:30:46.600 insurance exchange or something else that the government got involved in. Big government,

00:30:51.440 big fails. And the Department of Justice and FBI and the list goes on. I look forward to learning

00:31:00.740 more about that. We'll be following on just the news. I do have one just final question here,

00:31:05.380 because talking about Washington, we haven't seen any more J6 video out of Tucker Carlson since last

00:31:13.200 Tuesday. That follows the threat by Chuck Schumer and a number of others. Is there a correlation in

00:31:20.660 your judgment, and do you have any reason to believe so? Listen, Tucker Carlson doesn't strike

00:31:26.280 me as the sort of guy that's going to listen to Chuck Schumer at any point. I don't think so. I think

00:31:31.040 there's another element going on here, and that is that there's a realization that many of these

00:31:36.560 defendants, even though there was a Brady obligation of the United States government, may not have been

00:31:41.560 given the video footage that might have been exculpatory or explanatory to their defense. And so

00:31:47.780 I think there's a pause as people become to grasp this. I have heard from people inside the U.S.

00:31:54.220 Justice Department, there's at least 30 defendants that now said, hey, I didn't get video footage. I

00:31:59.400 didn't know there was video footage of me. I think there's a growing concern in law enforcement

00:32:03.040 that there may be a Brady violation. I think there are some things going on behind the scenes.

00:32:07.560 I've been talking to Kevin McCarthy's people. If Tucker Carlson decides, oh, I'm just interested in

00:32:12.680 something else. I'm moving on to China or whatever. I think Kevin McCarthy is going to make all the

00:32:17.120 video available at some point. But the first step may be making it available to defendants because

00:32:21.660 they have a frontline interest while their cases are working through the courts or if they're in prison

00:32:25.300 convicted already. So I think that may go there. And then I think you'll see a general release where you

00:32:29.960 and I and every other American can go through there. And that'll be fun because there's 40,000

00:32:33.780 hours of video, right? We can crowdsource this and have Lou Dobbs fans going through the video.

00:32:39.240 And we may learn some stuff that other eyes didn't see. But I think there'll be complete

00:32:44.000 accountability and visibility. I think the realization that defendants may not have been given the video

00:32:49.940 has created a little hiccup that slowed this down. But I'd be looking for a mass disclosure of the

00:32:55.000 videos separate of Tucker Carlson in the next few weeks.

00:32:58.380 Right. The video that he did run on his program was extraordinary. And he brought the Marxist

00:33:09.660 Dems up on their heels. I was not suggesting he wasn't choosing to run with the story. I was suggesting

00:33:18.620 perhaps his owners were retaliating. It is very possible. I think Ron Johnson has brought up

00:33:27.120 something that I think may be the ultimate bombshell in this video. He keeps talking about a door that

00:33:32.000 his staff was allowed to watch in the security footage where 300 people were allowed to come in

00:33:36.660 and pass through the door with cops watching. In some cases, cop helping them come in. If that

00:33:42.680 happened, that means 300 of the thousand people that got into the Capitol that day may have been

00:33:47.160 voluntarily let into the Capitol. If Senator Johnson's view of that footage is an accurate

00:33:52.380 accounting, and I have no reason to doubt him, he's been very accurate in the past,

00:33:56.620 that should trouble all of us because that would have been kept off the table for two years. It

00:34:00.360 changes the narrative in a big way. And it looks an awful like what Tucker Carlson just showed us of

00:34:05.140 that one guy, the shaman, shaman, whatever they call him, walking through with police escort.

00:34:09.740 There may have been an element here that is more voluntary than we knew. And that could change the

00:34:16.200 narrative and give us some real heartburn about how people have been portrayed over the last two

00:34:20.260 years. We know that the judges and the prosecutors have both overcharged and over-sentenced every

00:34:27.800 single one of those political prisoners on J6. There's going to be an accounting for that as well.

00:34:33.840 And this video that Tucker showed just last, I believe it was last Tuesday or Monday, of the

00:34:40.320 shaman, as I say, you may be, you know, it could be shaman, shaman, but the man was walking through

00:34:46.980 with an escort and they were doing everything but having a beer together as they were going. It seemed

00:34:52.580 like an amicable and warm relationship between the police officers and the shaman. This is counter to

00:35:01.900 everything we were told by the prosecutors. And by the way, I truly believe the Justice Department

00:35:07.940 prosecutors should get down on their knees and pray to God for forgiveness for what they've done.

00:35:14.680 And these judges, these judges are out, Emmett Sullivan involved, and for crying out loud,

00:35:22.280 absolutely ridiculous. One person cleared 67 trials, and only one person fell.

00:35:31.900 Not guilty. That is appalling and disgusting and on its face, corrupt.

00:35:38.060 You get the last word as always, John.

00:35:40.360 Oh, thank you, Lou. Listen, you said it very eloquently. And I think that this dual system

00:35:44.740 of justice, which you and I started talking about when we got to Russia collusion and it came through

00:35:48.620 Ukraine, we can go on and on. It is most pronounced in this moment with J6 because you have J6 prisoners 1.00

00:35:54.880 sitting in prison for now many, many months, some over more than a year, who are accused of committing

00:36:02.640 crimes that are less than people, crimes who have been convicted in the summer of 2020 violence that

00:36:09.340 were similar protests were occurring across the way. And we've been told there's only an either or

00:36:13.820 narrative. Either everyone acted badly or no one acted badly. And I think we're going to find out,

00:36:18.480 hey, there were some people that assaulted a police officer and sprayed pepper spray. Shame on them.

00:36:22.680 They should get prosecuted. But a lot of people may have been let in by police and got the wrong

00:36:27.100 message from police. And how do you punish a person if an officer lets you in and says it's okay to come

00:36:31.500 in? I think that's the point we're going to reach in the next few months. And I think we're going to have

00:36:36.520 reassess everything that the media, the intelligence and police apparatus, and of course, the January 6th

00:36:42.060 committee Democrats and Liz Cheney told us. There is a much more complicated, nuanced story. And we were

00:36:49.720 told it was a horror movie. It's a little bit different than the horror movie we've been told.

00:36:54.120 Without a doubt. And I truly believe until we find out the number of FBI agents, informants,

00:37:03.400 and instigators on Capitol Hill that day, the Ray Epps of the world, and have an explanation from

00:37:11.220 the lips of the Attorney General Merrick Garland, as well as an apology, not a single, single defendant

00:37:18.280 should be held in the Federal Bureau of Prisons. This is an outrage, and we're a long way from the

00:37:26.240 truth. The American people gave us a very strong statement, didn't they? They made the song that

00:37:30.740 President Trump and the J6 prisoners did together the number one song in America for five days. 1.00

00:37:36.080 That is a statement from the silent majority in America. They have some concerns. Hey, they know

00:37:40.180 some people did some bad things that day. No one's sugarcoating that. But for that song to go to number

00:37:44.520 one tells you there's a large number of people that understand there's something not right about this

00:37:49.500 case. And that there's great hope for this great republic after all. And one of the reasons is

00:37:57.020 John Solomon. John, we thank you for being with us. We appreciate everything you do for the country,

00:38:02.500 and God bless you. Thank you, Lou. A great honor to be on your show, as always.

00:38:08.140 Thanks, everybody, for being with us. Here tomorrow, our guest will be at the War Room,

00:38:12.560 Steve Bannon. We'll be taking up failing banks, a persecuted president, a Biden regime filled with

00:38:19.320 hyenas and a Congress for the first time in a half century, taking the fight to the radical dem 0.93

00:38:26.060 establishment. Please join us here tomorrow. Until then, God bless you. God bless America.

The Great America Show - March 20, 2023

BIDEN’S INFLATIONARY SPENDING & WOKE AGENDA DROVE SILICON VALLEY BANK TO ADOPT WOKE POLICIES AND FAIL, SAYS JOHN SOLOMON

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