A new Chinese spy balloon has been spotted off the Alaskan coast and the FBI is investigating it. Meanwhile, the Supreme Court is weighing in on whether or not to grant President Trump immunity in the Russia case against former Vice President Joe Biden. Our guest today is Peter Swopes, an author and best-selling author who takes on the Chinese Communist Party (CCP) and the establishment.
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00:04:11.220You know, $31 million that the Bidens have received from Chinese entities.
00:04:15.340What I point out in this new book is it's not just that they've taken money from businessmen connected to the CCP.
00:04:24.520They've actually taken business money, taking money from businessmen that are connected to individuals in the drug trade, particularly the fentanyl trade.
00:04:34.520And that's, I think, one of the reasons why this scourge of fentanyl that China is involved in, every link in the chain China is involved in.
00:04:44.420The drug cartels are really the junior partners here.
00:04:47.740Joe Biden will not confront them, will not say that China is involved.
00:04:52.460And I think it's because of the blowback that they would experience as this information becomes more clear.
00:04:58.220You know, as watching the task force on China be dismantled, that Trump had assembled, one of the first things that Joe Biden did was simply obliterate it.
00:05:09.620He also has managed to drop the Strategic Petroleum Reserve to 40-year lows.
00:05:15.760But within that, much of it, millions of gallons, millions of barrels have gone to the Chinese.
00:05:24.260It is, he doesn't even try to pretend that it's an arm's length relationship between him and the People's Republic of China.
00:05:48.780What they're concerned about is these vital issues about their economy and their strength and us calling them out for what they're doing to us.
00:05:57.640You know, Donald Trump, when he was president, he pushed an initiative that I think was a good idea to force the sale of TikTok from a Chinese company to an American company.
00:06:15.360I have an entire section in the book where I quote extensively from Chinese propaganda officials, from people in the Chinese government, from their documents, from military journals, where they're not having this debate.
00:06:30.300One military officer calls it a Trojan horse that they can use against the West.
00:06:35.120And they describe how they are going to and how they are already manipulating our young people emotionally through this tool.
00:06:42.060And the fact that Joe Biden has taken zero action.
00:06:45.720We've been now, quote unquote, studying the TikTok problem in the Biden administration now going on three years while they continue to engage in this behavior.
00:06:55.960So this is this is a fundamental issue and problem going forward.
00:07:00.640I know people have talked about the cognitive issues involving President Biden.
00:07:05.140But when it comes to China, I believe he knows exactly what he's doing.
00:07:10.860And that's and it's that's one of the tensions that exists right now between Joe Biden and the rest of the country and his, of course, Marxist party is that he seems utterly incapable, utterly inept, demented and deranged at various points and consistently.
00:07:32.480So yet the policies that he is pursuing are to to going along with what you just said, I find it impossible to find a single policy, foreign policy or domestic that is in the interest of the United States and a host of issues that are favorable to the country's enemies and competitors.
00:07:53.800Yeah, I mean, take an issue like fentanyl, Lou, a lot of people know that the precursors come from China.
00:08:15.460They ship them to a city in northern Mexico where our Department of Homeland Security, Joe Biden's Department of Homeland Security, says 2000 Chinese nationals help make these precursors into fentanyl.
00:08:29.040The drug cartels then need to make pills out of this fentanyl.
00:08:33.200They get pill presses that Homeland Security says are sold by Chinese companies to the cartels at cost.
00:08:40.760In other words, they're not trying to price a price gouge here.
00:08:49.180The cartels do that are Chinese based apps because they know the Chinese won't share them with U.S. law enforcement.
00:08:55.680And the money gets laundered in Chinese state owned banks using students, again, according to the Department of Homeland Security, Chinese students that are in the United States on education visas.
00:09:07.800And what does the Biden administration say?
00:09:31.740And I think one of the key reasons they don't want to confront it is Joe Biden's family's financial entanglements in China.
00:09:38.440And the DEA, the Department of Homeland Security, various agencies all know what's happening.
00:09:46.120They can follow those precursors to their manufacture in Mexico, as you point out, and then distributed through across the United States.
00:09:55.660The question is, why aren't those agents doing something about it?
00:10:01.560They've sworn an oath to the Constitution, not to Joe Biden.
00:10:04.780And we don't see any, not any resistance from the leadership of either the Border Patrol, the DEA, you name it, the Department of Homeland Security.
00:10:14.920The man is under impeachment right now.
00:10:19.960Alejandro Mayorkas, who's lied straight to the American people and the U.S. Congress saying it's secure.
00:10:26.620It's madness for this man to just sit there bald face lying and not even a twinkle in his eye.
00:10:34.620He means business, and obviously it's the Chinese business that he's interested in.
00:10:40.040Yeah, the open border is a huge problem, not just with people coming across the border, with Chinese nationals coming across the border.
00:10:49.940But if you look at just the issue of Chinese nationals across the border, we have a massive epidemic in this country of highly potent, often laced with fentanyl marijuana that's being grown illegally in the United States.
00:11:03.400This is not the marijuana that's sold legally.
00:11:05.680This is not the marijuana in the 1990s.
00:11:10.300In the state of Maine alone, according to law enforcement officials, there are more than 300 illegal marijuana growth facilities in the state of Maine that are run by Chinese nationals, many of whom are here illegally.
00:11:24.600They're finding them in Oklahoma, California, Washington state.
00:11:28.300So those people coming across the border, we don't know what each, every individual person is going to do.
00:11:33.800But we know some of them are part of these criminal networks operating in the United States.
00:11:38.680And this is not to mention, we talked about the people, this is not to mention the fentanyl that's being smuggled across the border, or these devices, these small devices called Glock switches that the Chinese have been smuggling into the United States beginning in 2018.
00:11:54.440They would mail them to criminal gangs in the United States.
00:11:57.920These switches convert a Glock handgun to a fully automatic machine gun.
00:12:02.920As our customs people got better at intercepting that in the mail, what do they do?
00:12:07.460The Chinese companies now have gone in league with the cartels, and they're smuggling them by the thousands across the border into the United States.
00:12:15.780So it is a massive problem at the border.
00:12:18.360It's not just the people that are coming.
00:12:20.420It's the criminal activity and the violence that they're going to bring with them.
00:12:24.420It is really interesting to think that all of that is coming across the border.
00:12:34.320The Mexican government knows about it.
00:12:36.100The cartels are their partners in the destruction of Americans and, frankly, America.
00:12:43.400Yet there isn't an impulse from the Republican Party, an imperative of any sort, rising up amongst our business elites, our educational elites, to stop this.
00:12:55.060It is a peculiar malaise that has set upon us, and I'm not quite sure that I believe that it can be broken in time for November 5th.
00:13:05.920Well, I've met with some people in Washington.
00:13:08.820I think there certainly are people in the Senate and in the House that are concerned about this.
00:13:22.720But what I would say, Lou, is that we know that the American people love their country.
00:13:28.020They don't want this happening to them.
00:13:30.460I think the more information that we put out, the American people are going to rise up and they are going to elect people, hopefully in November, that are concerned about these issues.
00:13:41.140There is a malaise in Washington, D.C.
00:13:43.120There is a malaise in our media that doesn't want to address what's going on.
00:13:49.340America doesn't feel the same way that it was three or four years ago.
00:13:54.720And part of the reason is because of the things that China is doing to magnify the conflict and the violence and the anxiety in the United States.
00:14:03.940So the American people know what's going on.
00:14:06.200And as is oftentimes the case, you and I have talked about it before.
00:14:10.260Oftentimes it's the American people that have to pull our leadership along, kick the ones out that need to be kicked out, and pull the leadership along.
00:14:22.900And what I am concerned about is that there will be nothing but a stalemate until the election.
00:14:30.860At that point, the elites will have to make a decision.
00:14:33.360Are they going to move toward America first policies of Donald Trump?
00:14:38.320Or are they going to persist in this China first policy that has completely consumed Wall Street and much of corporate America, as you well know, big tech certainly as well?
00:14:48.780Well, this is a heavy load to overcome when President Trump steps back into the White House in January.
00:14:58.060Well, we need people in the White House.
00:15:03.740We need people in law enforcement to stand up and to be honest and transparent.
00:15:08.520I get text messages from people in law enforcement all the time, FBI, Homeland Security, who are very concerned about these issues.
00:15:16.380And I understand they can't put their job at risk.
00:15:19.400But I do think there is a critical mass of people that are concerned about this issue.
00:15:23.720And look, all we can do, Lou, is we can spread the word and alert people to what's going on.
00:15:29.440My favorite, when I was a kid, my favorite figure from the American War of Independence was Paul Revere, because he got to ride that great grand horse through the towns and through the cities shouting, the British are coming, the British are coming.
00:15:44.120It wasn't up to him to rally the people.
00:16:44.000We saw what happened in 2020 when we found ourselves dependent on global supply chains.
00:16:48.960We're still dependent on China and other countries for more than 90 percent of all our pharmaceuticals.
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00:18:06.240We're back now with Peter Schweizer and he is the author of the new best-selling blockbuster book, Blood Money.
00:18:13.760And Peter, again, congratulations on this terrific book, the national service that you're doing for the American people as well.
00:18:23.120Let's turn to Wall Street for a moment.
00:18:25.760Wall Street right now, and I think everyone who pays any attention whatsoever to economics, to business, markets, their pensions and their 401ks, watch the business press.
00:18:39.700And they see all of these recommendations for Chinese stocks.
00:18:43.920They see the interest on the part of the denizens of Wall Street in investing American money in China.
00:18:55.120And right now, I don't believe it's ever been riskier than right now, frankly, that idea.
00:19:11.000It's taking investment dollars out of the United States.
00:19:13.640It's also oftentimes investing in these large Chinese conglomerates that, yeah, maybe they are producing consumer electronics, but they're also producing missile guidance systems for the Chinese military.
00:19:25.540And those missiles are going to be pointed at us and at our soldiers and Marines.
00:19:46.080Those days, I think, are largely gone, partly because President Xi has come in and he's made clear he's not doing the sort of quasi, you know, free market, state market capitalism experiment anymore.
00:20:00.120He is taking the reins of commercial activity in China.
00:20:03.860And it's not going back to where it was in 2005.
00:20:07.160So that's the first thing that's changing.
00:20:09.720The second thing I think that's changing is people are much more aware of what these large financial actors in Wall Street are doing.
00:20:18.180You know, Larry Fink gave a speech like five or six years ago where he said canonly, you know, actually, the totalitarian market works for investors.
00:20:28.960We like totalitarian markets because there are efficiencies and they can get things done.
00:20:36.620They're not saying those statements anymore because of so much of the attention that has been brought to this issue.
00:20:42.800People are much more aware, I think, of what's going on with their investment dollars, the role that China is playing, the fact that China is now an adversarial power.
00:20:52.620The polls on that have switched almost completely over the last 10 years.
00:20:56.580So in that sense, there's greater awareness.
00:20:59.480The problem is these political titans on Wall Street do not bear a cost for their risky behavior that is strengthening our chief opponents.
00:21:09.220And I think we need to embarrass them.
00:21:12.820And we need to put restrictions on the flow of capital dollars going to China because it is for the benefit of Beijing.
00:21:20.780It is certainly not the benefit of for the benefit of Baltimore or any other city in the United States.
00:21:26.520And Joe Biden is not putting any restrictions on the flow of capital whatsoever for U.S. capital markets to Beijing, Shanghai, etc.
00:21:37.140It is really a risky market right now is on top of everything else because we've seen the largest developer real estate housing company, you know, bankrupt in the other country almost.
00:21:53.640It would be absolutely bankrupt and that money completely lost.
00:21:57.020We're seeing a very big squeeze on China and people forget these Wall Street companies like totalitarian markets because they don't need great clarity.
00:22:26.780And I was just going to say also with totalitarian countries, Elon Musk actually referred to this.
00:22:32.480He was shocked that they were able to build a massive Tesla factory for him in China and they did it in less than a year.
00:22:40.540Well, the reason they can do that less than a year, I think that's very admirable, is they don't have things like property rights.
00:22:46.040They don't have an independent judiciary.
00:22:48.460These sorts of things we take for granted.
00:22:50.200So the quote unquote efficiency of the totalitarian system comes at a terrible price to bear.
00:22:56.940Plus the fact, Lou, that they are now in China starting to arrest generally pretty randomly employees of U.S.
00:23:04.460and European companies that are operating in China or Hong Kong.
00:23:07.680They accuse them of espionage or some various crimes.
00:23:11.360So it is a very, very unstable, I would say, even aside of the issues we've talked about, investing in China right now is a very, very bad idea because Xi is basically the CEO of any company that operates there.
00:23:25.000And I wouldn't trust him to run any company to run any company and we're going to take up next just how how serious is.
00:23:34.700Well, we're going to take up next, I suppose, when the war starts, because President Xi Jinping has been talking about about somewhere between 25 and 27 is the years in which he wants the Chinese people to be ready for war with the United States.
00:23:50.480That's that's that's clarifying, as they say.
00:23:53.820And, Peter, as always, we appreciate you clarifying all of these important, profoundly important issues for the country and for the American people.