In the realm of political commentary, few voices resonate as powerfully as Tim Dillon’s, particularly when he engages with polarizing figures like Steve Bannon. In episode #433 of The Tim Dillon Show, Dillon brings Bannon into the spotlight to dissect the nuances of Trump’s ascendance to power and explore the foundational elements of the populist movement that has taken root in America. This episode promises to deliver an insightful overview of not just political strategy but also the strategic maneuvering within America’s intelligence community. However, in the age of information saturation, it’s crucial to sift through opinions and claims to ensure accuracy. Join us as we fact-check the critical discussions raised in this illuminating and at times contentious dialogue.

Find a fact check of this transcript on CheckForFacts

Transcript:

[00:00:00,000]: Steve Bannon thank you for coming on

[00:00:02,339]: I appreciate it

[00:00:02,960]: Thank you for coming to the War Room

[00:00:03,839]: We were just talking about New York and that you like New York

[00:00:06,940]: Love New York

[00:00:07,340]: New York’s my favorite city

[00:00:09,279]: Why is it

[00:00:09,680]: Well Hong Kong’s my favorite city but New York’s a close

[00:00:11,899]: Hong Kong is amazing

[00:00:12,640]: Yeah but I can’t go there anymore because I’ve been banned

[00:00:15,100]: I’ve been sanctioned by the Chinese Communist Party

[00:00:16,979]: Really

[00:00:17,420]: Yeah

[00:00:17,700]: I’m the only civilian in history

[00:00:18,940]: So at one minute after noon on the 20th of January 2021 the Chinese Communist Party sanctioned four people Mike Pompeo Matt Pottinger who’s the Deputy National Security Advisor Peter Navarro and myself

[00:00:31,620]: I was a civilian at the time

[00:00:33,639]: It’s the only time a civilian so I can’t have any association with any Chinese company

[00:00:38,500]: I can’t go to Taiwan or I guess I could go to Taiwan

[00:00:42,279]: I can’t go to Hong Kong

[00:00:43,259]: I can’t go to Shanghai

[00:00:43,880]: And I lived in both of those places for a while

[00:00:46,119]: So I love Hong Kong love Shanghai

[00:00:49,279]: That’s unfortunate

[00:00:50,080]: But New York you’re good

[00:00:51,779]: Good

[00:00:52,319]: You’re still good

[00:00:53,259]: Good

[00:00:53,459]: You can copy

[00:00:55,700]: So yeah no I used to live in New York 15 Broad down on Broad Street Brooklyn Heights and up right across from the public library

[00:01:02,500]: It’s great

[00:01:02,799]: When did you first meet Donald Trump

[00:01:05,940]: Met Trump in August of 2010 before that midterm election

[00:01:13,319]: A guy named Dave Bossie I was making films for as a documentary director said you know what are you doing tomorrow

[00:01:23,339]: I was editing a couple of films

[00:01:24,900]: I said well I’m editing these films they got to get out before the election in September

[00:01:27,779]: And he says well can you go up and take a meeting with me tomorrow

[00:01:30,559]: And I go no

[00:01:32,860]: And he says well I really need you to come with me

[00:01:34,459]: And I go why

[00:01:35,180]: He says well I’m going to go up and meet Donald Trump

[00:01:37,720]: I go that’s great but you know I’m slammed

[00:01:40,879]: I’ll just I don’t need to meet Trump

[00:01:42,559]: I’ll just skip the meeting

[00:01:43,339]: He goes no no you got to come up because I’m making a presentation

[00:01:45,559]: He’s thinking about potentially running for president and he wants to go through what it would take getting a primary

[00:01:51,480]: And I said of what country

[00:01:53,940]: Right

[00:01:54,199]: It’s just not it’s just not feasible at the time

[00:01:56,279]: I didn’t think

[00:01:57,220]: And then so we went up made up Dave is probably a four hour presentation

[00:02:00,959]: I gave the kind of the populist part of it

[00:02:05,599]: And I realized right away what a serious guy he is

[00:02:08,940]: I tell people he’s the only person at that time I spent a ton of time in D C and of course obviously in New York

[00:02:17,759]: But I said what would take hours to explain to somebody at Goldman Sachs and McKinsey about the Chinese Communist Party and the trade deficit and everything that they wouldn’t believe because they think we’re like building each other’s country

[00:02:31,240]: Trump got immediately I mean he had a very deep understanding of China had a very deep understanding of the trade deficit

[00:02:36,899]: He was kind of a student of Lou Dobbs

[00:02:39,639]: Lou Dobbs had been hammering this for 20 or 30 years and Trump religiously watched Lou Dobbs and then of course read all the papers and came to a very different conclusion than the elites in this country that our relationship with China at the time was healthy for the country it was not

[00:02:53,839]: And Trump knew that not just intuitively he had a very deep understanding of that

[00:02:58,619]: And so when I left he also he would ask me because it was the Tea Party

[00:03:03,979]: That November was the biggest the Republican Party won 63 seats in the House

[00:03:09,220]: It was a massive thing from the Tea Party

[00:03:13,059]: And Trump so I was given Dave was a kind of a standard stock Republican conservative

[00:03:17,419]: I was giving him the Tea Party and the populist nationalist pitch

[00:03:21,399]: And Trump goes well that’s what I am and a popularist

[00:03:26,179]: And I go no no no no it’s populist

[00:03:28,240]: And he goes yeah yeah yeah yeah popularist

[00:03:30,539]: And I go no it’s actually a populist

[00:03:33,500]: And he goes no it’s a popularist

[00:03:36,080]: So I just quit trying to change it

[00:03:37,440]: And then on the train on the way back we took the Acela back and I’m sitting there thinking about the meeting

[00:03:42,259]: And I turned to Basi and I said you know he actually understands things at a deeper level

[00:03:48,199]: I understand what he means by I think I get what he means by populist

[00:03:51,500]: Remember he’s a McLuhan esque figure

[00:03:53,720]: Everything like Marshall McLuhan the media is the massage the media about modern communication theory for mass communication

[00:04:00,199]: Trump understands that at such a deep level

[00:04:02,860]: At a cellular level

[00:04:04,199]: Cellular level that people don’t understand

[00:04:06,539]: Like he understands

[00:04:07,100]: Even his detractors the people who hate him

[00:04:09,300]: Don’t get it

[00:04:10,080]: Don’t get it

[00:04:11,059]: Don’t get it

[00:04:11,440]: And they don’t understand his power

[00:04:14,520]: And they what’s what’s amazing to me is I’ve grown up you know I’m 40 and I’ve grown up and I’ve seen you know I paid attention to politics for the majority of my life

[00:04:24,839]: Every election you know is some type of referendum on something

[00:04:31,000]: I’ve never seen a party as out in the wilderness right now as a modern Democratic Party

[00:04:35,579]: They’ve never they don’t know how to deal with him

[00:04:38,380]: They don’t understand his appeal

[00:04:39,880]: You said this brilliantly on another interview

[00:04:42,519]: They’ve never fully been interested in why he was popular

[00:04:47,179]: They’re only getting interested now

[00:04:49,660]: And that was something brilliant that I remember

[00:04:52,119]: He’s a Democrat

[00:04:53,540]: I’m a Democrat

[00:04:54,320]: Right

[00:04:54,640]: I come from a working class Irish Catholic Democratic family union family

[00:04:57,739]: He’s a Democrat

[00:04:58,660]: We understand the power

[00:05:01,059]: Every major political movement in this country has been predicated upon working class and lower middle class people

[00:05:09,380]: It just has

[00:05:10,000]: That’s the power

[00:05:10,720]: Trump understands that

[00:05:11,739]: That’s his audience

[00:05:12,440]: That’s what I say

[00:05:12,920]: Mass communication

[00:05:14,420]: He understands how to have a emotional but also mental connection with a mass audience working class

[00:05:22,279]: The Democratic Party has has abandoned the working class

[00:05:26,299]: What they are is that you had these billionaires at the top the Wall Street guys the Silicon Valley guys

[00:05:31,859]: Then you have the credentialed class

[00:05:33,739]: All these people with college degrees and Ivy League degrees are sitting there like an MSNBC telling you the way things are going to be

[00:05:39,799]: And then they have a kind of a mass of of you know the poor right below the working

[00:05:45,399]: They’ve abandoned the working class to us

[00:05:47,160]: This project on populist nationalism I’ve been working on for 15 years 14 or 15 years and they seeded the ground

[00:05:53,760]: It wasn’t that hard because you if you if you go after and present yourself as somebody that could potentially be a solutions provider at least prepared to listen

[00:06:04,140]: The working class is looking for solutions

[00:06:06,320]: They’re looking for people to listen to him

[00:06:08,140]: That’s where Trump stepped in

[00:06:09,279]: He changed the Republican Party from a country club party to a party working class people in under 10 years

[00:06:15,660]: From the time I made him in 2010 to 2000 and he really started getting really involved in 2012 13 in 10 or 12 years he totally changed a party to be a working class party because in one of the big things the Democrats just seeded it to us

[00:06:31,420]: They didn’t try to fight

[00:06:32,179]: They’re not trying to fight it today

[00:06:33,700]: The people that actually speak about populism Ro Khanna who’s very smart economic patron or Fetterman

[00:06:40,579]: They’re kind of on an island

[00:06:42,100]: You don’t marginalize

[00:06:43,000]: They’re marginalized

[00:06:43,540]: You don’t see money

[00:06:44,119]: I keep telling I said that you don’t see him

[00:06:45,859]: It’s one thing to talk populist and nothing to get into it

[00:06:48,559]: You don’t see those guys on MSNBC every night

[00:06:50,519]: You don’t see him talked about in you know pushed every day in Democratic circles

[00:06:56,839]: And these are the guys are at least trying to come up with working class and populist solutions

[00:07:01,279]: And they’re kind of on an island right now

[00:07:03,040]: The Democratic Party has just totally seeded because that credential class they’re too precious to want to you know get down and kind of deal with working class issues

[00:07:12,839]: Why did Bernie Sanders who had a similar position on immigration at one point to yours maybe not exactly similar

[00:07:22,200]: I don’t know

[00:07:22,519]: I had it till December

[00:07:23,440]: We were very similar

[00:07:24,399]: We took we just left it

[00:07:25,459]: Bernie Sanders shit

[00:07:26,619]: I mean come on

[00:07:27,140]: Right

[00:07:27,380]: Just took it

[00:07:27,920]: He was 100 percent

[00:07:28,880]: He said open borders is a Koch brothers proposal

[00:07:32,299]: Like that’s something they wanted

[00:07:34,100]: Yes he understood that

[00:07:35,119]: And he understood they wanted to drive down wages

[00:07:37,540]: At what point

[00:07:38,619]: And Bill Clinton said similar things

[00:07:40,700]: Because Bill Clinton remember the Clinton’s power all came from the white working class

[00:07:44,640]: That’s how they survived in in in that’s how they survived in Arkansas

[00:07:50,119]: That’s how he won the presidency

[00:07:51,519]: And that’s how Hillary Clinton saved herself for at least for a while against Obama

[00:07:55,700]: Right

[00:07:55,940]: When Obama ran the tables on her in the primary in in in 2000 in 2008

[00:08:02,119]: What changed in the Democratic Party

[00:08:04,440]: The cultural of it

[00:08:06,339]: You know the cultural issues overwhelmed it

[00:08:09,739]: And that’s why Bernie Sanders never had a shot as soon as he look

[00:08:14,880]: The capitalist

[00:08:17,679]: Today the whole invasion of the 10 to 12 million and I’m just talking about people that came from January 20th 2021 when Biden took office till till Trump

[00:08:25,959]: Right

[00:08:26,260]: That’s a 10 to 12 million people

[00:08:27,940]: That was the the Koch kind of corporate class the Chamber of Commerce guys with the open borders people

[00:08:35,679]: But what they did is they they wanted to kill inflation by flooding the zone with low skilled workers

[00:08:41,859]: I mean the Federal Reserve is very open about this

[00:08:44,039]: They said they were going to do this and they did it

[00:08:46,520]: That 10 to 12 million

[00:08:47,539]: Well Bernie Sanders you can’t defend American workers

[00:08:51,700]: You can’t defend American citizens of every ethnicity and race until you’re prepared to go hardcore in immigration

[00:08:58,460]: You can’t have the world come here to your own country that your family’s been here for generations busting their ass to make this country better and to make the communities better and have the world come in here and compete with you not just working with the with the low skilled jobs but also with the like the phoniness of the H 1B visas and that we don’t really have any legal immigration in this country

[00:09:20,380]: It’s all a scam

[00:09:21,640]: It’s all a scam

[00:09:22,500]: The H 1B visa and I wanted to talk to you about that

[00:09:24,000]: It’s the press wages

[00:09:24,780]: The whole thing’s in the press wages

[00:09:26,179]: And they and they’re winning

[00:09:27,219]: You were saying

[00:09:28,080]: This is why Bernie

[00:09:28,260]: This is why Bernie

[00:09:29,299]: I say Bernie Sanders

[00:09:30,380]: The reason people say was Bernie

[00:09:31,799]: Bernie’s a fucking pussy

[00:09:33,559]: Yeah he did

[00:09:34,159]: He had two shots at the Clintons

[00:09:36,140]: The Clintons are the epitome of the neoliberal neocon globalist

[00:09:40,299]: OK and they’re like the mafia

[00:09:41,619]: Right

[00:09:42,340]: These are hard people

[00:09:43,200]: There’s nobody harder than Hillary Clinton

[00:09:44,859]: She’s tough

[00:09:45,700]: She’s tough

[00:09:46,340]: He had two shots at her

[00:09:47,760]: Yeah I got brought into the campaign not because I knew anything about politics

[00:09:51,340]: I’d never been in a campaign office in my life but I had focused for a couple of years working with Peter Schweitzer and other people on taking down the Clintons

[00:09:58,799]: I got brought in because they were so far behind that they needed somebody

[00:10:03,179]: If you were going to win you had to bring Clinton’s numbers down because President Trump at the time you know candidate Trump you could argue anywhere from eight to 14 points down in mid August of 2016

[00:10:14,799]: To close that gap you’ve got to bring the heat on Hillary Clinton

[00:10:18,619]: And I was brought in as that because I knew the Clintons

[00:10:22,679]: And Bernie Sanders I keep telling people he had two shots at her never laid a glove on her

[00:10:26,340]: It was a pillow fight

[00:10:27,440]: Right

[00:10:27,619]: If you’re going to get those people you got to get up in the grill and rip their face off because they’re tough and they’re neoliberal neocons

[00:10:33,640]: They’re very vulnerable

[00:10:34,419]: But Bernie had kind of ceded that ground

[00:10:36,179]: That’s why he’s not really had a much of an impact on this populist

[00:10:40,539]: Think about it

[00:10:40,820]: We’ve had a populist nationals revolt in this country

[00:10:44,260]: And Bernie Sanders has been a marginal figure to it

[00:10:46,380]: How did that work

[00:10:47,299]: And in the Democratic Party today this is why Ro Khanna and Fetterman are kind of on an island

[00:10:53,119]: They don’t really have a huge constituency in the Democratic Party

[00:10:56,299]: What in your estimation

[00:10:58,119]: I mean you talk about is the age of Trump which is clearly the age of Trump

[00:11:01,520]: You said it started in 2008 with the Tea Party with the bailouts

[00:11:07,799]: This is I think I’ve heard you say something like this that the financial collapse the financial collapse you had Obama’s administration largely chosen by Citigroup

[00:11:17,719]: You had a lot of people brought in from the financial sector

[00:11:21,840]: And what do you think the response from the Democratic Party should have been

[00:11:30,640]: Well first of all you should have put these things and look it would have taken steel balls but you had to do it

[00:11:36,039]: Number one we should let the bank we should let Goldman Sachs go bankrupt

[00:11:39,979]: We should let AIG go bankrupt

[00:11:41,320]: Their argument would be that the entire global economy would collapse

[00:11:45,359]: I mean this is what they were saying to me

[00:11:46,539]: I was in that business many years ago and they were saying they were coming into our office going if these bailouts are not signed the American economy falls and then the world economy falls within three days

[00:11:58,539]: Yeah

[00:11:59,039]: I don’t know if that was 100 percent true

[00:12:00,979]: They we know that from congressional testimony at the banking committee is that is that when so they put Lehman Brothers into bankruptcy on Monday I think the 15th in London first put in bankrupt and they didn’t realize Lehman Brothers was the center of the commercial paper market which is what funds companies overnight for the cash because guys are not sitting there with liquid cash to run their operations

[00:12:19,640]: Right

[00:12:19,919]: They haven’t investments or bonds or whatever

[00:12:22,599]: The commercial paper market freezes

[00:12:24,979]: All of a sudden you got everybody in a free fall

[00:12:27,280]: Right

[00:12:27,780]: And on Thursday Hank Paulson who I used to work for at Goldman and Bernanke the head of the Federal Reserve Secretary Treasurer go to Bush’s office into the Oval Office and they say hey look we need a trillion dollars cash infusion by five o clock or the American financial system will collapse in 72 hours in the world financial system two days later

[00:12:48,119]: And Bush in a profile in Courage goes hey we checked the Constitution

[00:12:52,000]: It’s not my problem

[00:12:53,140]: You got to go see this lady named Nancy Pelosi

[00:12:55,140]: Only they have the ability to kind of unlock you know to print that kind of money or you know to authorize that they go up to Nancy Pelosi

[00:13:05,280]: And this is how what the system’s like

[00:13:07,000]: There’s a guy in Alabama that that was on the he was the minority side the Republicans in the House on the banking committee

[00:13:13,719]: They made everybody put their blackberries and everything outside

[00:13:17,200]: This guy when they get out and talk about this he texts his brokers and say buy the short the market for tomorrow morning at the open

[00:13:26,000]: Yeah he made he made a couple hundred thousand bucks

[00:13:28,059]: He’s in your in your mind

[00:13:29,099]: Is that is that a coup

[00:13:31,179]: Well no it’s here’s what it is is that you’ve got to have some accountability and responsibility

[00:13:34,979]: First you got to keep your head clear

[00:13:36,479]: Right

[00:13:36,780]: And say well hang on because what Hank Paulson did is took care of Goldman

[00:13:41,479]: They were in the boardroom of they were in the conference rooms of Sullivan and Cromwell at that time preparing the bankruptcy of Goldman Sachs

[00:13:48,700]: Right

[00:13:49,000]: They were in the conference rooms preparing the bankruptcy of GE Capital

[00:13:52,359]: They were in the back rooms in the conference room the big white shoe law firms preparing the bankruptcy of AIG

[00:13:58,159]: I mean these companies were going down

[00:13:59,719]: What they did on Goldman Sachs is that they signed a one line thing that said starting Monday Goldman Sachs is a bank holding company

[00:14:08,260]: Right

[00:14:08,739]: This made it a bank holding company with one line

[00:14:10,840]: And so come Monday morning they could go to the Fed window and borrow at you know 2 percent right into their clients at 4 percent

[00:14:17,960]: And take that

[00:14:19,340]: That vague would be a couple of billion dollars a month

[00:14:21,719]: That would kind of bail them out

[00:14:23,380]: They got a bailout

[00:14:24,580]: All these guys everyone of GE Capital Merrill Lynch all of them got bail

[00:14:27,539]: And this is all on the on the backs of the taxpayer

[00:14:30,380]: But the little guy thirty five thousand dollars

[00:14:32,719]: Right

[00:14:33,020]: First off the little guy didn’t get a bail

[00:14:35,140]: Worse Hispanic and black particularly working class where the guys got wiped out of their equity in their homes

[00:14:42,280]: Right

[00:14:42,500]: Because all these all the CMOs all the mortgage packages collapse

[00:14:47,320]: So guys just they just blow them out turn it over to the banks

[00:14:50,179]: The banks walked in and picking these things up for 50 cents of the dollar

[00:14:53,479]: Not that they wanted them at the time but the equity holders you had a generation of particularly minority homeowners

[00:14:59,520]: They got zeroed out

[00:15:00,979]: My point is is that yes there probably had to be some balance but not the way it’s done

[00:15:06,080]: And people say well Bannon why are you talking about

[00:15:08,380]: Because the way we put this money in they got like got recouped and got like 12 percent

[00:15:12,780]: I said yo dude at Goldman Sachs of companies in trouble like that

[00:15:16,159]: Yeah

[00:15:16,460]: You walk in you blow out management you block the equity

[00:15:19,559]: You lend them the money

[00:15:21,380]: The new management team gets to earn into 20 percent of the equity

[00:15:24,140]: And then the guys that put the money up get a bunch of warrants

[00:15:26,700]: Where’s the warrant package for the for the little guy

[00:15:29,859]: Go back to 2008

[00:15:30,679]: There are no guarantees for the American taxpayer

[00:15:33,440]: Nothing

[00:15:33,900]: Zero

[00:15:33,979]: They got paid back the money and they got some returns

[00:15:36,400]: But what you should have gotten is some sort of package to own

[00:15:39,859]: You should own these companies

[00:15:40,979]: I would even say quasi nationalized the banks

[00:15:44,460]: They proved that they were incapable

[00:15:46,000]: You make a lot of people in this town nervous

[00:15:47,440]: When the way you more on Wall Street

[00:15:49,760]: Well that’s what I mean

[00:15:50,679]: But I mean like fuck them

[00:15:51,799]: You got it

[00:15:52,219]: If you’re not making them nervous you’re not doing your job as you should

[00:15:54,799]: Game is the game is totally rigged

[00:15:56,580]: It’s completely rigged against the little guy the little guy

[00:15:59,159]: And the same time they went to Silicon Valley and did a deal with the oligarchs the little guy in this country

[00:16:03,900]: And this is a revolt

[00:16:04,679]: The guy making thirty five forty five thousand bucks a year

[00:16:07,919]: Right

[00:16:08,539]: The entire world’s system rests on his shoulders

[00:16:12,340]: OK not just the American economy and paying the taxes here but the kind of the postwar international rules based order which is if you look at the Eurasian land mass from from Western Europe and NATO to the Middle East Persian Gulf to around the Straits of Malacca and South China Sea up to Japan around the rim of the Eurasian landmass you have these four big nodes and there you have commercial markets commercial relationships capital markets trade deals which were upside down on everyone on you have some sort of a little bit of of cultural back and forth

[00:16:46,400]: But you have an American security guarantee

[00:16:48,080]: It’s the reason our defense budget is a trillion bucks

[00:16:50,479]: So the reason our dollar has value it has value

[00:16:53,919]: But that dollar during the during the yes we’re the prime reserve currency after Bretton Woods

[00:16:59,099]: And that’s how you have to we took it over from the Brits

[00:17:01,479]: That’s how you run an empire how we were a hegemon at least for a moment in time

[00:17:06,719]: But the question now because of the drop in purchasing power the inverse of inflation over Biden’s thing this is why you have the BRICS nations saying hey maybe we got to get on a different system

[00:17:16,880]: Maybe we got the BRICS nations

[00:17:18,000]: BRICS are Brazil Russia India China and South Africa started with that

[00:17:22,199]: These nations that have natural resources that were kind of binding together saying hey the the West right really Western Europe and particularly the United States are screwing us

[00:17:32,599]: Right

[00:17:32,900]: We are selling them their natural resources at dollars

[00:17:36,000]: And these dollars are depreciated over time

[00:17:37,880]: They’re doing a devaluation on us

[00:17:39,359]: And so they were going to bind together first

[00:17:41,420]: They kind of figure almost like think about hey how do we how do we redo the cartels like the OPEC back in the 90s or think of that

[00:17:50,280]: Then it became maybe maybe our combined purchasing power

[00:17:53,800]: Maybe we do another currency

[00:17:55,000]: We bundle together

[00:17:56,099]: Maybe it’s China

[00:17:56,939]: The CCP was always trying to destroy the US

[00:17:59,719]: And Trump just comes out the other day and says hey BRICS nations I love the fact you’re having conferences and talking about some sort of go back security

[00:18:07,680]: Anybody even thinks about putting 100 percent tariff on everything right to try to blow them up

[00:18:11,920]: Has your child ever been caught under a tractor trailer or another piece of farm equipment

[00:18:17,800]: If they have it’s time to call Morgan and Morgan

[00:18:21,979]: It’s America’s largest personal injury law firm

[00:18:24,819]: Has a friend of yours ever been paralyzed from riding a jet ski

[00:18:29,119]: If that has happened it’s time to call Morgan and Morgan America’s largest personal injury law firm

[00:18:35,459]: Have you or someone you know received a third degree burn from a cup of coffee at a drive through where your hand is now gross

[00:18:46,040]: If that’s the case you have to call America’s largest personal injury law firm Morgan and Morgan

[00:18:52,239]: Have you slipped and fallen in a Wendy’s and hurt your hip

[00:18:57,780]: And now you can’t dance

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[00:20:35,839]: But back to the financial crisis you have a collapse

[00:20:39,579]: And here’s the problem I got with them

[00:20:41,280]: It’s not capitalism

[00:20:42,819]: You’ve socialized the risk

[00:20:44,520]: In other words if it collapses the little guy bails it out

[00:20:47,300]: But you give an unlimited upside to the elites

[00:20:52,199]: In the history of this nation the greatest concentration of wealth in our history took place in the Obama administration

[00:20:59,780]: On the surface of it he’s the most progressive guy

[00:21:02,680]: And he’s doing some stuff but that’s all pro wrestling

[00:21:05,040]: And where it really matters money and power

[00:21:07,979]: They have the greatest concentration of wealth to the top 1 percent because what they did is they took the balance sheet of the Federal Reserve which is about eight hundred and eighty billion dollars on and Bush is there

[00:21:17,920]: And they basically flooded the zone with liquidity to prop up real assets real estate assets and stocks and bonds

[00:21:24,760]: And so if you owned financial real assets that run you had which you had nothing to do with they took the interest rates to zero

[00:21:32,640]: By the way zero interest rates kills the little guy because you’ve got your little passbook savings account or checking account you get no interest

[00:21:40,900]: So for those five or six years when interest rates are near zero big guys can borrow the money but you’re sitting there and you have no capital accumulation because your little savings account checking account has no interest on it

[00:21:53,099]: So everything was to benefit the wealthy and the power guys

[00:21:57,819]: And quite frankly Geithner and the people at the Fed knew this and they had some guy named Christopher Leonard wrote a book called The Lords of Easy Money

[00:22:09,459]: He went back and read all of the all of the conferences and meetings of the Federal Reserve governors which by the way is kept secret for 10 years

[00:22:19,339]: He went back to the tenure and he’s got the transcripts where the guy I think was Dick Fisher in the Fed chair in in Dallas is sitting there when they’re doing this

[00:22:29,280]: He goes hey you understand we’re going to eviscerate the working class in this country

[00:22:33,020]: We’re going to destroy the middle class

[00:22:34,939]: We’re propping up this entire bailout on these guys shoulders and they get nothing

[00:22:39,520]: In fact not only are they going to pay for it they’re going to get crushed because of these these zero interest rates of which they can’t get access to capital

[00:22:46,540]: That’s exactly what happened

[00:22:48,260]: That’s the time I realized every time you’ve had a financial crisis in the world you’ve had a populist reaction

[00:22:55,260]: And that’s when I said this will now didn’t meet Trump two years later or really get to know him politically until like 2013 or 14

[00:23:03,640]: But I knew as sure as the turning of the earth you were going to have a populist reaction that you had at first in the Tea Party and then later you had it in the Trump MAGA movement

[00:23:12,719]: But this is this has played out pretty much to the to the to the way that it normally plays out when we’re still in a horrible situation

[00:23:21,540]: We haven’t gotten to 2008

[00:23:23,380]: More importantly nobody associated with that collapse that made all that money and all those fees beforehand

[00:23:28,959]: Nobody’s been held accountable

[00:23:30,380]: Nobody

[00:23:30,780]: Do you think that

[00:23:33,689]: You fast fast forward to the situation that we see now where they’re we’re talking largely about the financial industry

[00:23:42,129]: That’s very cozy with government

[00:23:43,869]: You have Hank Paulson going in talking to the president

[00:23:47,169]: It’s not cozy it owns the government

[00:23:48,389]: It owns the government

[00:23:49,049]: Lock stock and barrel

[00:23:49,669]: It seems to me and perhaps to you that there is another industry right now moving in that wants to own the government

[00:23:56,329]: And that is the tech industry that seems very cozy very close with the government

[00:24:01,709]: You’ve been outspoken and you’re one of the only people who’s been publicly outspoken about the dangers of that

[00:24:08,729]: Well at the same time around right after 2000 around 2008 this is when Obama became aware of the power of social media

[00:24:16,289]: There’s this famous meeting at San Francisco airport where the guys at Facebook come to him with his team and they tell him about the power of Facebook because he’s running as a populist outsider against the Clinton machine

[00:24:27,569]: Nobody gives Obama a chance

[00:24:30,209]: He’s an anti war populist outsider

[00:24:33,329]: Nobody gives him a chance at first against the Clinton apparatus the Clinton mafia

[00:24:38,129]: He does this a lot of it’s through social media

[00:24:41,829]: They have an implicit bargain later with the oligarchs in what I call the algorithmic age

[00:24:47,769]: They allow the Facebooks the Twitters the Googles all the big platforms the big platforms that charge

[00:24:56,629]: They essentially reach a Faustian pact which is we’re a hegemon globally right

[00:25:02,369]: And what we need to do in the age of the algorithm is keep the commanding heights of technology

[00:25:06,889]: So we make an implicit deal with the oligarchs

[00:25:09,709]: You’re going to have no Justice Department interference no Federal Trade Commission interference

[00:25:14,429]: We’re not going to try to break you up

[00:25:15,709]: They’re going to have no antitrust pressure at all

[00:25:18,009]: We’re going to allow you to become the richest people on earth okay

[00:25:23,469]: But you have to give us the commanding heights in the age of algorithm

[00:25:27,369]: And what have we found out

[00:25:28,929]: That we’re what 10 or 12 years into this and we know in the age of the algorithm social media and AI they’ve blown them both

[00:25:37,909]: On social media if you look at our social media it’s fairly cumbersome

[00:25:42,149]: It’s not exactly revolutionary

[00:25:43,909]: Tick tock is much bigger

[00:25:45,469]: Tick tock is not just bigger

[00:25:46,969]: It’s so much more sophisticated a thousand times

[00:25:49,609]: The Chinese Communist Party it’s so lethal because of its addictive nature

[00:25:56,109]: They it does you know tick tock is not on mainland China

[00:25:58,709]: They have a version right of tick tock that’s not so addictive and they don’t let the content they let in the West

[00:26:04,509]: This is how powerful it is

[00:26:05,629]: We’ve blown it as far as social media goes

[00:26:07,509]: There are orders of magnitude more sophisticated than we are and ours is quite addictive but theirs is much more

[00:26:12,909]: But then on artificial intelligence it’s even worse

[00:26:16,689]: It’s and now what do you think DeepSeek is a PsyOp or a Sputnik moment

[00:26:22,089]: Right

[00:26:22,229]: Right

[00:26:22,449]: It’s both bad

[00:26:23,049]: But let’s I think you have to defer the fact it may be a Sputnik moment

[00:26:26,109]: They are basically saying that our our theory of the case in artificial intelligence which is kind of mass machine learning right power through and you need all this new energy for the data centers they’re saying that theirs is a totally different profile

[00:26:39,869]: So what happens

[00:26:40,569]: We’ve lost the commanding heights in the two very technologies in the algorithmic age we made the Faustian bargain on with these guys

[00:26:49,609]: There’s look there’s 75 electric vehicle companies

[00:26:53,329]: Google has Bing and DuckDuckGo

[00:26:55,749]: There’s no competition for Google

[00:26:57,569]: There’s no competition of Facebook

[00:26:59,429]: There’s no competition Amazon

[00:27:01,349]: Amazon destroyed half the small businesses in this country flooding the zone with Chinese Communist Party product

[00:27:06,089]: There’s no competition to really competition to to X or to Twitter because we let them go and there’s no justice department

[00:27:14,689]: That’s what I’m a neo Brandeisian when it comes to the justice department

[00:27:18,069]: Here’s the I’m a Lena Kahn fan

[00:27:20,049]: You’re a Lena Kahn fan

[00:27:21,089]: Break them up

[00:27:22,109]: Break them up

[00:27:22,409]: If she had been allowed into look here’s Kamala it’s when Steve Bannon talks about Lena Kahn 10 times more than Biden and particularly Kamala Harris that tells you it’s a fix is in the democratic party is controlled by all these corporatists

[00:27:33,349]: This is the thing of Trump

[00:27:35,969]: You’ve got Gail Slater you’ve got Andrew Ferguson you then have Mike Davis and others in War Room that are neo Brandeisians and kind of think hey Linda Kahn we’d love to have her back

[00:27:47,229]: Explain that term to people

[00:27:48,929]: From Brandeis Judge Justice Brandeis Louis Brandeis had this theory back in Thursday that you have to watch out for private concentrations of power that would then partner with government

[00:27:59,649]: If you wanted to get to a totalitarian government right you would have major concentrations of private power built around monopolistic

[00:28:07,669]: They often call it the corporate state

[00:28:09,629]: Corporate state

[00:28:10,189]: Yeah exactly

[00:28:10,829]: And says that is a danger to liberty and freedom

[00:28:13,929]: Right

[00:28:14,209]: Now he was he was an FDR guy et cetera

[00:28:17,009]: You’ve had it

[00:28:17,609]: Then a school came up in kind of the 80s from Chicago called the Chicago School that really looked at it from consumer pricing right that everything’s got to be to the benefit of the consumer

[00:28:26,549]: And so it’s kind of a general way to go on antitrust

[00:28:29,989]: It’s buying people off

[00:28:30,989]: It’s going

[00:28:31,689]: Your jobs don’t exist anymore but the T shirts are less money

[00:28:35,009]: Exactly

[00:28:35,409]: Or even in even in competition when they look at mergers that what’s the price

[00:28:39,089]: And they do all these kind of Cato liberty

[00:28:41,149]: It’s a very libertarian school

[00:28:42,689]: It hasn’t worked

[00:28:43,369]: And it’s just basically we can immiserate your lives

[00:28:45,789]: But if we give you enough creature conference if we give you Netflix if you can door dash Taco Bell which I’ve done and that’s I’ll admit that

[00:28:52,949]: But if you can do all of those things stop complaining that you can’t send your kids to college

[00:28:58,409]: Exactly

[00:28:58,569]: That’s kind of the layman’s

[00:28:59,709]: Yes

[00:28:59,809]: And so in near Brandeis in is to get back to what Louis Brandeis said is that these great concentrations which was really

[00:29:06,889]: That’s the last time if I’m ever asked to leave a plane if I’m ever dragged off a plane for heaping abuse on a flight attendant who deserves it I’m going to scream

[00:29:15,309]: I’m a neo Brandeis in as I am dragged off the plane you’ll get you’ll get that

[00:29:20,549]: What Brandeis saw though is the is the Chinese Communist Party’s model

[00:29:26,009]: Remember we did all this after after Tiananmen Square when Bush 41 sends Scowcroft over to say no we’re going to get you

[00:29:32,349]: You’ve got to calm down this political stuff

[00:29:34,749]: But we see you as a partner on the manufacturing side on a global basis

[00:29:38,909]: We will get you in the World Trade Organization

[00:29:40,689]: We’ll give you most favored nation status

[00:29:42,589]: We’ll do all this

[00:29:44,629]: And the theory they said oh we will take the Chinese Communist Party and and turn them into a liberal democracy zero all become Jeffersonian Democrats

[00:29:52,849]: The exact opposite happened

[00:29:55,209]: We recreated their model of state capitalism and authoritarian power

[00:29:59,209]: And that’s what you have today with the oligarchs in Silicon Valley

[00:30:02,229]: Now here’s the beauty of it

[00:30:03,409]: Here’s how great the oligarchs are that we’ve made them the most we’ve made them the richest people on Earth

[00:30:08,669]: We’ve made them some of the most powerful people on Earth

[00:30:10,909]: And then exactly when they’re exposed for being phonies and what you made the Faustian bargain for on both social media and particularly artificial intelligence

[00:30:20,489]: What do they do

[00:30:21,329]: They flip

[00:30:22,329]: Hold it

[00:30:22,569]: They do

[00:30:23,109]: Let me get to the flip in a second

[00:30:24,769]: They turn around say we need a bailout

[00:30:26,709]: They say all you hear right now is that in this city you’re here

[00:30:30,129]: We need a Marshall plan

[00:30:31,489]: We need a Mercury astronauts plan

[00:30:33,829]: We need to turn over all the national labs the weapons labs Lawrence Livermore Sandia where they where they made the nuclear weapon the hydrogen bomb

[00:30:40,729]: We need to turn all the national labs to the guys in Silicon Valley because now we’ve had a Sputnik moment in the Chinese Communist Party have taken the commanding heights that go hang over a second

[00:30:50,329]: This is a and they’re talking 500 billion to a trillion dollar bailout for the exact same guys that did this

[00:30:55,769]: In addition understanding the math right and Elon understood it first given his engineer’s brain and really backed our play

[00:31:03,529]: But the rest of them hung out until 11 o clock p m

[00:31:07,789]: Eastern Standard Time on the 5th of November when Pennsylvania fell

[00:31:10,889]: You know Zucker Bezos all of them became populist nationalists

[00:31:16,889]: They go we’re in

[00:31:17,769]: And they got down with their checks to Mar a Lago genuflected right and became supplicants to Trump

[00:31:23,709]: And this is why I say these guys are dangerous

[00:31:25,529]: They were they’re all progressive Democrats

[00:31:27,569]: They were they were made what they are by the Obama administration

[00:31:31,989]: They’re all progressive Democrats

[00:31:33,749]: They are totally phony

[00:31:35,089]: All they want to do is go to where the source of money is so they can keep their being oligarchs

[00:31:39,629]: Right now if you look at them and look at who the theoreticians they look for but they’re not really on the spectrum of like MSNBC’s here and you know war rooms here and some guys are more open borders and Globus and others are hardcore populist nationalists

[00:31:54,609]: They’re on a whole other spectrum

[00:31:55,749]: And that spectrum is what I call techno feudalism

[00:31:58,589]: They’ve been taken out of the world of capitalism

[00:32:02,349]: It’s no longer markets and profits since we haven’t allowed any competition and allowed these come these massive companies

[00:32:08,399]: They are really digital platforms in rent

[00:32:11,209]: They’re rent seekers

[00:32:12,029]: OK

[00:32:12,549]: And their idea is very feudalistic

[00:32:14,629]: It’s like Venice in the 15th century

[00:32:17,409]: It is that the railhead is like the liege lord with it with the digital platform and everybody else is is is a peasant or what I call a digital serf

[00:32:27,529]: And this is how you’re going to run

[00:32:28,769]: And they have this network

[00:32:29,689]: They call it the network state

[00:32:31,289]: There’s books out about it now

[00:32:32,789]: Let’s talk about it

[00:32:33,529]: And this is what these guys believe

[00:32:34,769]: And it’s quite dangerous

[00:32:35,889]: And this is why I think you’ve seen the impersonal nature of what’s happening at Doge which I support going after the administrative state

[00:32:43,129]: Well that’s always been a theme of yours

[00:32:44,749]: You want the deconstruction of the administrative state of the bureaucracy

[00:32:48,549]: Yes

[00:32:50,609]: What is Elon doing and what

[00:32:55,689]: Are is the Doge team doing that you wouldn’t do or would do

[00:33:00,689]: Let’s talk about three things on Elon

[00:33:02,049]: Number one

[00:33:02,769]: Yeah

[00:33:03,069]: And where I’m his biggest supporter have given him more credit than anybody

[00:33:06,429]: Number one he was the first of the oligarchs because I think it was engineering brain to really look at where we were politically

[00:33:12,729]: And he worked through the math to say hey look this Trump thing is actually this this populist nationalist movement which is what I call MAGA plus plus low information voters plus part of the make America healthy again

[00:33:27,309]: These these housewives who were red pilled during the during the pandemic particularly about what their children were being taught in school

[00:33:35,409]: That’s right

[00:33:35,789]: And the health thing with the mask that was kind of the Nicole Shanahan crowd

[00:33:39,269]: Right

[00:33:39,609]: That’s right

[00:33:40,129]: The Malibu mom

[00:33:42,029]: Now around Trump there’s always you have to understand there’s always a countervailing tension with Trump with people who want Trump to be more Trump

[00:33:50,129]: Right

[00:33:50,609]: Versus those say you’ve got to come down you’d be nice and look for the mythic traditional suburban mom that if you say nicer things she’ll vote for you

[00:33:57,629]: I keep saying that’s never going to happen

[00:33:59,889]: Elon came in at a time in the campaign in the spring and summer of twenty twenty four when that was actually being talked about

[00:34:07,249]: He sat down with Charlie Kirk’s guys and worked through the math of a ground game a ground game

[00:34:13,189]: We supported to do this MAGA plus

[00:34:15,309]: The brother wrote a quarter of a billion dollars in checks two hundred fifty two hundred fifty million dollars 50 million a month over five months

[00:34:22,749]: And I tell people if you’re not if you don’t know about American politics they when you see huge donors like the Adelson’s or the Mercer’s and people talking about putting in one hundred million dollars one hundred fifty million dollars that’s over a cycle a presidential cycle

[00:34:35,929]: This brother wrote 250 in the last five months 50 a month to back a ground game not to put it up on fancy commercials which most of the billionaires get picked off with

[00:34:44,929]: Number one he backed our play

[00:34:46,709]: Would President Trump have won without that

[00:34:49,869]: Yes

[00:34:50,509]: Right

[00:34:50,889]: But we wouldn’t have known that answer at 10 or 11 o clock on the Tuesday the fifth that are probably taking a couple of days to work through

[00:34:58,509]: And I’m not so sure we’d have had 53 guys in the U S Senate probably 51

[00:35:03,329]: It had been much tighter

[00:35:04,389]: OK

[00:35:04,849]: And it was tight enough already

[00:35:06,269]: So he definitely had a huge aspect

[00:35:07,829]: Number two he immediately got like nobody else has got the deconstruction of the administrative state

[00:35:13,829]: He understands that we have a fourth branch of government that’s not in the Constitution

[00:35:17,709]: That’s kind of a permanent government

[00:35:19,209]: And they don’t care if Trump’s passing through or AOC or Bernie Sanders are passing through

[00:35:24,449]: They run the deal like they’re going to run

[00:35:26,049]: And here’s what it is

[00:35:27,209]: When you take over the government when you win you get 4000 people

[00:35:30,769]: You get 3000 that can hit the deck place running immediately

[00:35:34,129]: OK

[00:35:34,729]: All you need there is basically a security clearance right

[00:35:38,309]: A pass on drugs right and a security clearance

[00:35:41,329]: And you can go and you can staff at these mid level and junior levels immediately

[00:35:45,089]: You get a thousand that have to be Senate confirmed

[00:35:48,039]: Those are your senior people

[00:35:48,889]: But you have 4000

[00:35:50,389]: In the government you have about two and a half or three million civilians

[00:35:54,309]: You have about two and a half million to three million military

[00:35:56,709]: So let’s say five to six million there

[00:35:58,609]: Plus you have contractors

[00:36:00,729]: Another at executive level another five million

[00:36:02,989]: So it makes sense

[00:36:03,909]: You have about 10 million people that run this apparatus that cost six and a half to seven trillion dollars a year to run right or to it transfers money

[00:36:15,229]: But it costs a huge amount of money to run

[00:36:16,749]: Plus it oversees I don’t know 60 or 70 trillion dollars of assets right

[00:36:21,489]: All the land all the oil everything that we control

[00:36:26,229]: That that apparatus is so out of control that in order to get down to a sustainable model where we can actually get close to a balanced budget it’s got to be deconstructed

[00:36:35,689]: You have to take that apart

[00:36:36,809]: Right

[00:36:37,049]: It’s got to be made smaller

[00:36:37,949]: And you got to make some tough decisions

[00:36:39,649]: Right

[00:36:39,969]: Because programmatically they do a lot of things

[00:36:42,449]: And quite frankly with the economic distress we have and the corporations bailing on paying decent wages because they’ve invited the world in here to compete with American labor in American labor’s home that you have more working class people on Medicaid you have more people on economic security like like food stamps

[00:37:00,809]: So it’s it’s a tough call

[00:37:02,769]: But but he saw immediately this is how you have to do it

[00:37:05,569]: And if you’re ever to get to the deep state which is the aspects of the Pentagon intelligence community intelligence you got you got it’s the CIA

[00:37:13,829]: People should know

[00:37:14,469]: And I’m not a conspiracy theorist

[00:37:15,909]: I came to this right through hard evidence of seeing it in the first term

[00:37:22,249]: And you have this you basically have the CIA you have aspects of the DNI crowd which is 17 separate intelligence national intelligence which has everybody everybody’s got NSA has got the guy

[00:37:34,849]: They can look into your funds

[00:37:36,189]: They know everything that’s going on everything

[00:37:37,689]: Then you’ve got the Justice Department with aspects of that

[00:37:40,849]: And you got DHS with ATF and others

[00:37:42,849]: You got the FBI

[00:37:43,969]: You have elements of the Defense Department like DIA

[00:37:47,269]: That is the deep state

[00:37:48,829]: And what I say is it’s like the Praetorian Guard in the Roman Empire

[00:37:53,129]: They are actually so powerful now that they can decide like the Praetorian Guard is who’s the emperor and who’s not

[00:37:59,229]: This is why they turfed out Trump

[00:38:00,809]: So and they basically plugged in Biden

[00:38:02,769]: Would you agree with this

[00:38:03,989]: Somebody who’s smart described this as a parallel command structure that is existing outside of the executive branch where the president is not read into certain intelligence

[00:38:14,769]: He’s lied to about troop levels in Syria and things like that

[00:38:20,089]: They’re conducting business with countries outside of the purview of the White House

[00:38:28,269]: And somebody called this a parallel command structure

[00:38:30,449]: I would the only difference I would make you’re 100 percent correct

[00:38:32,669]: It’s not parallel

[00:38:33,829]: It is the command structure

[00:38:34,929]: When you sit there when you sit there and get a briefing from these people they will look you in the eye and lie to you

[00:38:42,229]: What I was put in charge in the first days of working with people like Eric Prince and others to come to a plan

[00:38:48,269]: The president wanted out of Afghanistan

[00:38:50,289]: We’d already been there I think going on 18 or 19 years in the Pentagon in the apparatus

[00:38:55,749]: And I keep saying I never called it the deep state

[00:38:58,369]: This is not a deep state

[00:38:59,449]: It’s up in your face

[00:39:00,749]: Right

[00:39:01,149]: And they will sit there and make up their own numbers and lie to you

[00:39:04,149]: Just I talked to him at one time

[00:39:06,569]: I said listen I gained some points in time about briefings

[00:39:11,389]: I won

[00:39:11,869]: I said I want to see the briefing of this about Afghanistan over the 20 years

[00:39:14,969]: This time this time this time this time this time

[00:39:17,669]: And because I knew what they were going to show they were going to show every time telling whether the president was Bush or Obama that hey we’re here

[00:39:27,329]: If we just have more money in three years it’s going to be perfect

[00:39:30,429]: It’s like it’s like seeing these small companies driving this agenda

[00:39:34,149]: Is it Raytheon General Dynamics

[00:39:36,369]: It’s a combination of people

[00:39:37,469]: It’s a council on foreign relations

[00:39:39,429]: It’s it’s it’s it’s definitely the outside companies but it’s also the guys like Brennan as people have been here forever

[00:39:45,529]: Been in the intelligence

[00:39:46,589]: Brennan is the guy that keeps coming up

[00:39:48,669]: Bad dude

[00:39:49,169]: As a very dangerous individual

[00:39:51,889]: He’s a dangerous person

[00:39:53,429]: Dangerous

[00:39:53,649]: But there’s there’s clappers

[00:39:54,829]: They’re dangerous

[00:39:55,369]: There’s a hundred

[00:39:56,329]: Clapper Hayden all those are the guys you see at the very top

[00:39:59,189]: Yeah

[00:39:59,769]: But they also have they have coaching trees like Belichick et cetera

[00:40:04,809]: Of course

[00:40:05,189]: So it’s deep into the apparatus in the apparatus

[00:40:08,969]: And this is the thing they have called the interagency

[00:40:11,609]: Did they have anyone in the Trump White House the first one

[00:40:13,829]: Yeah

[00:40:14,049]: But when you OK so I asked Mike Flynn I said look let me see the charts for this is the first day I want to see the charts for the National Security Council

[00:40:21,249]: When I came off sea duty in the 70s and came back I came back to the Pentagon to be a special assistant to the chief of Naval Operations basically a junior officer

[00:40:29,549]: Grandin

[00:40:32,069]: This is in 1981 when Reagan’s like the guys in the Pentagon at that time thought the National Security Council ran the world

[00:40:38,869]: National Security Council had twenty five people

[00:40:40,529]: So you’d had Kissinger you had Brzezinski and then they picked Richard V

[00:40:44,609]: Allen because they didn’t want some Dr Strangelove type

[00:40:46,709]: Right

[00:40:46,969]: Reagan didn’t

[00:40:48,289]: That had twenty five or thirty people

[00:40:49,689]: And the guys in the Pentagon said these fuckers run the world

[00:40:52,189]: Right

[00:40:52,369]: They’re too powerful

[00:40:53,709]: Flynn comes back on the first like the first day goes down with Jared and the president got these charts like this is like this

[00:40:59,309]: I said Mike I didn’t want to see the entire national security apparatus

[00:41:02,989]: I don’t see the Pentagon

[00:41:03,769]: He goes no no this is the National Security Council

[00:41:06,469]: I go what

[00:41:07,689]: Two hundred and ninety two ballots

[00:41:09,209]: If you look at it it’s they’re into everything

[00:41:12,829]: And I go my God I said how many political appointees we got

[00:41:16,069]: He says about 40 or 50

[00:41:17,929]: I said well hey heck no offense

[00:41:19,349]: We don’t know 40 or 50 mega guys to step in there right now

[00:41:21,909]: We have to get rid of some of these

[00:41:23,829]: These are called a detail ease

[00:41:25,849]: They come from the Pentagon

[00:41:28,349]: They come from the CIA

[00:41:30,649]: They come from DNI

[00:41:31,689]: They come from DHS

[00:41:32,969]: It’s essentially the way the deep state runs the system

[00:41:36,309]: They have think about it

[00:41:37,689]: With two hundred ninety two billets they have it’s meaning slots where a person goes with somebody

[00:41:43,229]: Yeah it’s two hundred ninety two bodies

[00:41:44,469]: But they have a billet boom where they plug a person in

[00:41:47,129]: We want to get rid of those

[00:41:48,249]: So they know that new administrations coming in are not always going to have these two hundred three hundred

[00:41:52,529]: No Obama

[00:41:53,129]: No In fact it’s impossible

[00:41:54,889]: First of all you don’t even have you don’t even have the allocation of political point

[00:41:58,309]: You might have twenty five twenty five

[00:42:00,149]: That’s the thing

[00:42:00,789]: So by making it larger and they have a phrase that I called their fetish

[00:42:05,869]: They have a thing called the interagency process

[00:42:08,229]: In other words everything has to go through

[00:42:10,929]: The CIA has got to sign off the State Department

[00:42:13,009]: You’ve got to remember the CIA has a military aspect to it

[00:42:15,829]: The State Department has an intelligence aspect to it

[00:42:18,009]: The deep state is like kudzu right

[00:42:21,029]: And it’s run by the CIA

[00:42:23,449]: The CIA controls behind the scenes

[00:42:25,869]: And the CIA is run by the billionaires

[00:42:28,809]: Well the CIA reports to first off an elite class of Americans have just been you know from the OSS to the CIA

[00:42:36,829]: Very Ivy League

[00:42:37,849]: When I talk about the credential class the traditional control of the CIA has been kind of Ivy League Harvard Yale Harvard Law School

[00:42:45,689]: Yes

[00:42:46,249]: Princeton

[00:42:46,789]: A little bit of that’s changed but not the mentality

[00:42:49,489]: The very mentality is that Cold War liberalism they are the they are the guardians of this republic

[00:42:54,729]: That’s right

[00:42:55,169]: Right

[00:42:55,609]: And you have these politicians whether they’re clowns like Bill Clinton or or neophytes like Obama are dangerous individuals like Trump

[00:43:03,189]: They can wander in and out but they are the guardians of the republic

[00:43:06,269]: Very like Plato’s guardians

[00:43:07,789]: They are the guardians of this republic

[00:43:09,789]: That America has become a hegemon because of them

[00:43:12,749]: They decide we’re going to stay in the Ukraine for three years

[00:43:15,249]: Or first off you decide they decide why with some

[00:43:19,749]: And this is one of the things I told McMaster’s

[00:43:21,649]: He was said to go

[00:43:22,329]: We got the greatest team and we’re going to do all

[00:43:24,609]: I said dude I said you’ve had Bush you’ve had Obama and now you got us

[00:43:28,989]: You’ve had it

[00:43:29,489]: You’ve had a center right group of neoliberal conservatives and Bush

[00:43:32,989]: You’ve had the biggest group of progressives ever under Obama

[00:43:35,929]: And I said we’re here for 20 years

[00:43:37,949]: I said you’ve had smart guys around this table

[00:43:40,149]: Why is it never changed

[00:43:41,309]: And the reason it never changes that the neoliberal neocons have an apparatus

[00:43:46,189]: That apparatus is the deep state

[00:43:47,669]: And this is why I say if AOC or Bernie was there they’d be just as dismissed

[00:43:51,389]: This is what eventually impeached Trump

[00:43:53,569]: They saw Trump as such a danger

[00:43:54,869]: This was the whole Russia hoax

[00:43:56,689]: This was a guy named Colonel Derek Harvey and an army sergeant called Higgins were two brilliant guys that understood this

[00:44:04,509]: They actually went through and came back and made a presentation

[00:44:07,049]: Here are the deep staters that actually in the National Security Council

[00:44:12,069]: Right

[00:44:12,289]: Here’s and here’s who their names are in ranked order

[00:44:14,989]: The ones that should should be turfed out

[00:44:17,629]: The number one name was this Eric Camarillo guy who eventually was the whistleblower on the Trump call to Ukraine

[00:44:24,249]: The guy the original whistleblower was a guy that two years before they identified as one of the most dangerous guys because the deep stater

[00:44:31,629]: I love factory meals

[00:44:33,149]: They’re high protein and you can do anything you want with them

[00:44:36,629]: You can do keto you can do a high protein diet you can do a low carb diet

[00:44:40,149]: What’s so special

[00:44:41,129]: And I have them and I’ve tried them and they’re tasty

[00:44:43,129]: I love it

[00:44:43,829]: Yum yum yum

[00:44:46,089]: Because they’re tasty when you eat them

[00:44:48,109]: I invite my friends over for dinner parties and give them all factory meals and they’re thrilled

[00:44:51,989]: They’re actually thrilled because I’m like let’s enjoy each other’s company but be healthy

[00:44:55,653]: I love all the different options that Factor has because you never get bored

[00:45:00,833]: So many meal like I was on a meal I’m literally and you might think this is a joke but it’s not I was on a meal plan once and literally it was just it was boiled chicken

[00:45:11,173]: It was boiled chicken they would send it to me they would send it to you in like a little box

[00:45:16,293]: It was like a boiled chicken and then it was like a blood like substance kind of like a thick blood every day three times a day and that was boring and gross

[00:45:29,153]: Factor is different because it has different varieties of all of the different meals calorie smart protein plus keto

[00:45:36,793]: You can also get wholesome smoothies breakfast and grab and go snacks because sometimes you want to grab and go and I’ve realized that time is so important

[00:45:46,053]: What is time

[00:45:48,393]: Really no one can explain it to you

[00:45:50,693]: You can listen to hours and hours of people babble and you still don’t even really know what it is

[00:45:56,313]: You just know that you always need more of it but it’s infinite you know what I mean

[00:46:01,553]: So here we are again but the thing about the grab and go is you grab one of these things these bars these Chewies and you’re in your car and the kids are oh I left my notebook at the house you know oh you’re never going to be anything I turn around because you’re forgetful you don’t take it seriously and if you keep leaving your folder in the house you’re going to be a homeless person and that means you’re not going to have a house and I know that that seems fun now because you like playing in the backyard but you know when it’s not fun

[00:46:32,313]: When all you have is the backyard

[00:46:33,713]: You actually only like the backyard because you can come into the house but if I took the house away and it was just the backyard we’d have a real hellish life which is what you’re going to have if you don’t remember your folder okay

[00:46:43,773]: But because I had a grab and go keto snack what I’m able to do is turn this car around and get your folder because I didn’t spend time making pancakes or scrambling eggs

[00:46:53,753]: I had a little factor snack

[00:46:55,633]: Would I have liked to have more of a meal

[00:46:57,953]: Maybe I would have but because this factor snack enables me to get your folder I’m giving you a shot at a life okay

[00:47:04,573]: I’m giving you a shot at a goddamn life which is something that was never done for me okay

[00:47:09,613]: My father was a drinker

[00:47:11,193]: The thing about the factor is the calories you have the keto you have a lot of options

[00:47:17,113]: It’s really great because we can’t with the cooking and the wok you get the wok out

[00:47:22,333]: You ever try to cook when you have the wok

[00:47:26,193]: It is fun the wok because things go up the side and you can but that’s a whole nother

[00:47:30,893]: But it’s tough the wok

[00:47:35,833]: Eat smart with Factor

[00:47:37,293]: Get started at factormeals com slash factorpodcast

[00:47:40,053]: Use factorpodcast get 50 off your first box plus free shipping

[00:47:43,673]: That’s factorpodcast at factormeals com

[00:47:46,773]: Listen if you like my show which you should because it’s good use my promo code okay

[00:47:53,713]: That’s code factorpodcast at factormeals com slash factorpodcast to get 50 off shipping on your first box

[00:48:02,513]: And you know this is really important

[00:48:04,433]: It supports our show and it supports your metabolic life

[00:48:07,393]: The deep state is a real thing and this is why you see President Trump going after it hammer and tong right now

[00:48:12,953]: Also Elon’s hitting it from a different angle

[00:48:15,053]: He’s kind of going after the administrative state

[00:48:16,793]: He’ll get to the deep state because one of their slush funds like USAID

[00:48:21,693]: USAID has essentially always been a CIA front

[00:48:24,873]: That you see yes do they have water projects in India

[00:48:28,613]: Do they have some stuff in sub Saharan Africa

[00:48:30,273]: They do

[00:48:30,853]: That’s all on the surface to make you feel better

[00:48:32,973]: They’re running this thing particularly funding all the media against Orban in Hungary

[00:48:40,673]: Funding money to all these source backed institutions

[00:48:45,793]: The NGOs and NGOs on the Southern border to do the invasion

[00:48:50,053]: All that was a lot of that was funded by USAID

[00:48:52,213]: And I mean this is somewhat unrelated but I guess perhaps incredibly related

[00:48:57,713]: You know why did the media take very little interest in the person who almost killed the president

[00:49:06,573]: It’s 100 related

[00:49:08,113]: They know it’s the assassination attempt but think about it

[00:49:11,033]: The media you know I was just watching because of the classic on TCM the other night in the Oscar month they had all the president’s men

[00:49:18,913]: Right

[00:49:19,153]: If you go back and look

[00:49:20,053]: It’s a great movie

[00:49:20,573]: A great fabulous movie a classic

[00:49:22,173]: But if you go back and look at the 60s and 70s

[00:49:25,573]: Yeah they were killing him every other day

[00:49:27,333]: And the people New York Times The Washington Post these people were anti institutionalist

[00:49:32,053]: They were all over the FBI

[00:49:35,073]: They were all over the CIA

[00:49:36,333]: They were all over investigative reporting

[00:49:38,673]: That’s completely flipped

[00:49:40,233]: The Democratic Party and the mainstream media became the defenders of the institutions

[00:49:44,673]: This is why every night you hear them banging on us

[00:49:47,233]: Oh they’re trying to get out of NATO

[00:49:48,733]: They’re trying to do this

[00:49:49,733]: They’re trying to tear down

[00:49:50,713]: They got Cash Patel and Dan Bongino at the FBI

[00:49:53,393]: They have Tulsi Gabbard the Democratic Party

[00:49:55,893]: And I think they know politically they’re in a tough jam

[00:49:58,513]: They became the defenders of a corrupt system

[00:50:01,113]: They became the defenders of institutions that clearly have to be at minimum reformed

[00:50:06,753]: And I think quite frankly purged and taken down and rebuilt

[00:50:11,133]: So they’re defenders of that

[00:50:13,653]: All the mainstream media is the biggest defenders

[00:50:15,613]: I mean in The Washington Post David Ignatius comes on Morning Joe

[00:50:20,393]: We call it the Langley Bugle The Washington Post

[00:50:23,233]: It’s you’re getting the pure thing from that

[00:50:25,113]: You’re getting the CIA’s point of view that day when you see Ignatius

[00:50:28,213]: You see the same things in The New York Times big reporters on defense

[00:50:32,333]: You’re getting the Pentagon’s perspective

[00:50:34,153]: So the mainstream and liberal media have become And this is just perpetual war for perpetual peace

[00:50:39,493]: Invade everywhere and invite everyone in

[00:50:43,133]: Invite everyone in

[00:50:43,833]: And invade everywhere

[00:50:44,393]: To Steve Saylor quote invade the world invite the world

[00:50:48,093]: Invite the world

[00:50:48,693]: And then you have a citizenry here that’s immiserated that is paying for all these wars

[00:50:55,033]: Their lives are terrible and getting worse

[00:50:57,413]: Getting worse

[00:50:58,053]: And their kids futures are shot

[00:51:01,693]: And they’re manning remember it’s the family it’s the children of this eviscerated middle class and working class that kids are walking patrol in the Hindu Kush are with the 101st Airborne’s Brigade in Romania on the Ukraine border are in the two carrier battle groups in the Red Sea

[00:51:18,613]: They’re calling this democracy

[00:51:20,013]: They’re calling you a fascist

[00:51:21,733]: They’re saying Steve Bannon’s a fascist

[00:51:24,733]: What he’s describing right now is democracy

[00:51:27,893]: Have you noticed the way this is being presented

[00:51:31,033]: I’m sure you have

[00:51:31,573]: Yes 100

[00:51:32,153]: And this is what I love

[00:51:32,973]: This is democracy

[00:51:33,633]: This is what I love about it

[00:51:34,493]: We’re winning elections

[00:51:35,853]: The guy in the woods with the goat head is democracy

[00:51:41,713]: The council is democracy

[00:51:43,013]: You know what I mean

[00:51:43,793]: Well they’re total it’s authoritarian

[00:51:47,073]: It’s authoritarian model like the Chinese Communist Party

[00:51:49,453]: They want a couple of industries state capitalism where they have elite merger right

[00:51:55,573]: Between big government and big business

[00:51:58,393]: They’re the control things

[00:51:59,453]: And what I find so laughable is we’re actually winning elections

[00:52:03,873]: Let’s take 24

[00:52:04,713]: After having the 2020 election stolen from us and being now debanked deplatformed

[00:52:10,373]: Remember I’m deplatformed everywhere

[00:52:12,393]: War room’s not on any How did they do that

[00:52:13,713]: When you talk about it Doc because I will have to ask you because people will jump on that

[00:52:17,973]: And they will say that nobody found any proof and then no Republicans and no courts

[00:52:23,413]: Here’s the proof

[00:52:24,313]: Here’s one of the pieces of proof we got

[00:52:26,733]: In 2022 the people remember we got 63 and a half million votes in 16

[00:52:31,613]: I thought we did a pretty damn good job

[00:52:33,133]: We got 74 million votes in 2020 including we picked up 12 House seats

[00:52:40,413]: So you’re telling me that’s just you’re telling me in a Nancy Pelosi I think we won 14 and then they won two

[00:52:45,993]: So net 12 we picked up 12 House seats in that election

[00:52:48,753]: What do you think the mechanism is for It’s mail in ballots

[00:52:51,393]: I’m not a machine guy

[00:52:52,553]: I think it’s mail in ballots

[00:52:53,973]: It was very evident what they did in Pennsylvania and in Wisconsin and in Michigan

[00:52:59,173]: It was mail in ballots

[00:53:00,053]: And remember he only won by the same margin that we did the 72 000

[00:53:05,053]: When you accumulate Pennsylvania Michigan and Wisconsin that’s what Biden won by

[00:53:10,013]: You take the other states these are small numbers

[00:53:12,713]: 10 000 in Georgia 9 000 in Arizona

[00:53:16,173]: It was mail in ballots

[00:53:17,533]: But here’s the point

[00:53:19,613]: Where are those guys Wouldn’t the argument be that Where they’ve gone since then

[00:53:21,973]: They didn’t vote in the midterm election

[00:53:23,873]: They didn’t vote in 2024

[00:53:26,573]: And so where are these Are they disoriented

[00:53:28,873]: Are they disenchanted

[00:53:30,373]: Or they don’t exist

[00:53:31,393]: They don’t exist

[00:53:32,173]: They don’t exist

[00:53:33,233]: They 100 don’t exist

[00:53:34,493]: They’re disenchanted

[00:53:35,493]: They don’t hate Trump

[00:53:36,853]: Oh they only vote because they hated Trump

[00:53:38,353]: They don’t hate Trump any less

[00:53:39,833]: They see him as a hero

[00:53:41,473]: It’s ridiculous

[00:53:42,033]: We can win

[00:53:43,393]: This is why on democracy we love democracy because you’re not going to beat us

[00:53:47,413]: Right now our coalition is building

[00:53:49,873]: Trump got 39 of black men in the country to vote for him

[00:53:53,773]: Not just that a lot of black men are just not going to vote for the Democrats

[00:53:57,333]: Remember if they don’t vote for the Democrats there’s one to us

[00:53:59,613]: If they vote for us it’s a two banger right

[00:54:02,153]: Hispanics Stark County Texas a hard scrabbled county in South Texas 97 Hispanic and blue collar

[00:54:11,293]: The most Hispanic county in the United States voted for Hillary Clinton by 60 in 2016

[00:54:18,833]: In 2024 Trump won it by 16

[00:54:21,353]: The Hispanic working class is coming our way

[00:54:24,053]: The African American working class is coming our way

[00:54:27,013]: In President Trump’s But this is why you’ve urged Elon Musk be careful of Social Security and Medicare

[00:54:32,053]: Oh yeah and Medicaid

[00:54:33,353]: And Medicaid

[00:54:33,793]: Medicaid I keep telling people don’t think in the old days oh Medicaid was an urban thing

[00:54:37,953]: I said you can’t take a meat axe to it

[00:54:39,913]: I said this is not about race anymore

[00:54:41,853]: This is about economic distress

[00:54:43,713]: If you go and look in Idaho and the American readout up in Montana and Wyoming and the Christian readout I think there’s something like 80 or 90 of the babies born in Idaho are on Medicaid

[00:54:54,173]: Medicaid is now for the working class

[00:54:55,573]: The white working class and the Hispanic and black these are our voters right

[00:54:59,333]: You have to be very careful

[00:55:00,633]: Medicaid you have to get the illegal aliens off and you have to put work requirements

[00:55:04,473]: But just don’t think you can go in and put a meat axe to it because you’re gonna This project to destroy the distinction between citizen and non citizen is entirely not only to drive down wages but to kind of destroy any idea of what a contract a social contract And national identity yes 100

[00:55:22,773]: Yeah national identity

[00:55:23,473]: Yes

[00:55:23,833]: And a contract between And citizens and the government saying I give you this I am owed that

[00:55:29,513]: But if we destroy the distinction between citizen and non citizen right

[00:55:33,293]: Look at the non citizen in Medicaid

[00:55:36,953]: It’s shocking right

[00:55:38,653]: The non citizens have been given everything

[00:55:40,593]: Look at the 10 to 12 million illegal alien invaders

[00:55:43,193]: And I don’t blame them

[00:55:44,413]: You and I would do the exact same thing

[00:55:45,893]: You were invited here by the federal government

[00:55:47,913]: Right

[00:55:48,253]: People shouldn’t your audience should not lose track of the fact that in these reconciliation things we’re talking about for the mass deportations it’s 175 billion we’re asking for

[00:56:00,773]: Not just to secure the border but for the mass deportation And you’re talking really about the people that came in the last four years

[00:56:06,633]: I’m only talking I don’t I’m right now not concerned about anybody that came in before January 20th of 2021 because the way I calculate it there’s 10 to 12 million and plus a million bad hombres right criminals

[00:56:20,593]: I was in Danbury 10 of the prison

[00:56:23,053]: It’s a prison for 800 people I think

[00:56:25,953]: 800 inmates it’s got 1 200 Some of the members of my family from Ireland came in the early 1900s

[00:56:30,133]: I think a few of them just to get them out just to make a point

[00:56:33,813]: If I could write a few names down and you could pass it to Tulsi Gabbard just to make a point that hey we don’t It’s not about race

[00:56:40,633]: We don’t know where it ends

[00:56:40,793]: No no no

[00:56:41,633]: I’m saying the guys coming over from Ukraine you go to Montauk you’ll see it No and you’ve said the H 1B visas where tech people are bringing in Scam total scam scam

[00:56:50,433]: So my question to you is and this is a question I’m hardcore

[00:56:54,673]: To me everything revolves around the American citizen

[00:56:57,773]: I don’t care your ethnicity your race gender or whatever your religion

[00:57:02,273]: If you’re an American citizen it should be like the Roman citizenship

[00:57:06,053]: You get a special deal

[00:57:07,653]: The whole system depends upon you

[00:57:09,973]: The whole world’s economic system comes down on your shoulders

[00:57:13,193]: You’re paying the taxes to really finance the hegemon

[00:57:16,553]: In addition your sons and daughters are the ones you’re in Romania with the 101st

[00:57:21,693]: You’re on the carrier battle group in the Red Sea

[00:57:23,973]: You’re on patrol in the South China Sea

[00:57:25,613]: You’re defending the order

[00:57:26,893]: You’re defending the whole system and yet you’re the one that’s screwed over consistently

[00:57:32,293]: That’s got to flip

[00:57:33,493]: Everything’s got to be like for instance these visa programs they shouldn’t work unless they work for American citizens

[00:57:39,253]: And what I mean by that And you’ve criticized you’ve said there’s a lack of black and Hispanic people in tech

[00:57:43,773]: Zero

[00:57:44,073]: Zero

[00:57:44,773]: Okay the most progressive think about it the most progressive people on earth in the Obama administration created an apartheid state

[00:57:54,133]: Silicon Valley’s an apartheid state

[00:57:56,233]: There’s no blacks or Hispanics

[00:57:58,133]: And the South Asians or Indians are there are there as indentured servants

[00:58:01,993]: They’re working for a third to 50 less than American citizens often in kind of horrible conditions with four or five guys to a condo and working 20 hours a day seven days a week because if they complain they get the boot

[00:58:14,273]: Okay it’s not acceptable

[00:58:16,213]: Well and not just that The necromancy says it’s because Americans are lazy and watched too much TV or they’re not educated or they’re They have not shown me and because they all backed off coming after me on H 1B visas I said show me one thing

[00:58:31,633]: I want to see one fucking billet one person in any of those billets of the millions are here one

[00:58:38,413]: Show me one in that billet that has a better education or a better skillset than an American

[00:58:43,233]: They can’t show me one

[00:58:44,693]: They can’t show me one and they won’t show me one because it doesn’t exist

[00:58:48,593]: It has nothing to do and when the media says high skilled these are not high skilled

[00:58:55,013]: This is basically the essentially the mass programmers right that this is not It’s all about getting it cheaper for one third because most of the cost of these companies is in the programming right or the technicians the technical aspect of it

[00:59:10,673]: They pay one third to 50 less

[00:59:13,113]: They have higher margins

[00:59:14,213]: They have higher stock price

[00:59:15,213]: They get bigger bigger

[00:59:16,513]: Their warrant package is worth much

[00:59:18,093]: The math here is not complicated but they can’t show that the H 1B visas are bringing in more educated

[00:59:24,213]: We have plenty of educated people in the United States now

[00:59:28,133]: People in the United States are gonna wanna get paid a certain amount because they’re not gonna pay you against the world

[00:59:31,773]: Number two being Americans you got a little cussiness and grit

[00:59:35,333]: This is what hey and you’re gonna be vocal about what working conditions are

[00:59:38,793]: That’s what it means to be American

[00:59:39,993]: That same grit and tenacity and getting up in people’s faces is the same reason that we won World War II the same reason we won the Cold War the same reason that those same Americans or their sons or daughters are on the carrier battle group in the Red Sea

[00:59:55,373]: You can’t separate them

[00:59:56,613]: And here’s the problem is we’ve invited the world

[00:59:58,353]: It is not acceptable in this nation to bring in foreign workers to compete against American workers for these jobs

[01:00:05,573]: This is bullshit

[01:00:06,733]: It should be I want a total moratorium until we get sorted exactly what’s going on

[01:00:12,173]: And until those billets on H 1Bs which are so corrupt I would shut it all down all of it

[01:00:18,773]: I’d deport immediately everybody

[01:00:20,773]: I would give every billet in 60 days every job in 60 days to an American citizen

[01:00:25,433]: And Bob’s your uncle and we have to be this hardcore

[01:00:28,073]: Zuckerberg yeah

[01:00:29,173]: I am very hardcore on these things because if you don’t take it to an extreme you’re never gonna change it

[01:00:34,533]: The capitalists always want to have lower wages and more malleable population

[01:00:39,673]: And it’s not even capitalism

[01:00:41,053]: It’s crony you know what I mean

[01:00:42,833]: It’s the corporate state

[01:00:43,773]: Crony yes it’s the corporate state

[01:00:44,873]: Zuckerberg

[01:00:45,193]: We don’t have capitalism

[01:00:46,753]: Bezos Andreessen guys like this

[01:00:49,253]: They’re all oligarchs

[01:00:50,713]: Do they love America

[01:00:52,213]: And what’s Fuck no but here’s listen

[01:00:56,433]: They’re oligarchs

[01:00:57,613]: What they love is their money and their power

[01:00:59,733]: Have they ever sacrificed for anything in this country

[01:01:01,813]: When President Trump came up for the first time and tried to give working class people and it showed in the 2019 numbers that blue collar wages increasing at a faster rate than white collar wages non college graduates higher than college graduates did they support him

[01:01:16,293]: No they deplatformed him they debanked him

[01:01:18,173]: They have no do you see those guys volunteering to go overseas and defend their country

[01:01:22,893]: No what they want to do is go to the Pentagon and get a big fucking fat Pentagon contract right

[01:01:28,173]: To leech off this nation

[01:01:29,913]: No they’re not good guys

[01:01:31,533]: And I keep telling people in our party don’t think they support us because they don’t

[01:01:34,953]: They’re very good at knowing where power is

[01:01:36,893]: And right now they think that we’re before Obama and the Clintons were the power and Biden now it’s us

[01:01:43,533]: Just like they betrayed them and flipped on them they flipped they’re a creation of progressive Democrats

[01:01:48,713]: They are progressive Democrats

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[01:03:19,693]: Is Elon Musk using Trump

[01:03:22,913]: I don’t listen I think he’s a different category than I would say the other

[01:03:26,333]: And look I’m not a fan on many aspects but like I said on the two big ones backing our play in 2024 the deconstruction of the administrative state and the third which is you know this populist revolt going throughout the world which has been very vocal of backing in places like England and in Germany

[01:03:44,113]: And I tell people I said look this brother brings the two tactical nuclear weapons of modern politics unlimited money two wit

[01:03:54,553]: He wrote a 250 million check that doesn’t affect his he’s still got baby mamas lined up right

[01:04:00,233]: It doesn’t affect his lifestyle right

[01:04:02,593]: Plus he’s got a platform

[01:04:05,233]: He can bind what he wants to bind and loose what he wants to loose

[01:04:08,533]: He can drive up the awareness of something or crush it right

[01:04:12,253]: So with those two things there’s not a centrist government in Europe that can withstand this

[01:04:17,073]: There’s very little money in European politics

[01:04:20,533]: The entire campaign for Brexit which is really taking England’s sovereignty back and the Remain guys are very powerful

[01:04:27,213]: It’s the establishment

[01:04:28,373]: That entire campaign was about 25 million pounds

[01:04:31,293]: It’s nothing

[01:04:32,133]: So he’s got unlimited power

[01:04:34,453]: And I think directionally he’s trying to do some good things

[01:04:37,453]: I’ve got problems with one

[01:04:39,673]: I’m not Does it worry you that one person has that much power

[01:04:42,373]: It always worries me

[01:04:43,633]: It worries me that the concentration of power in Silicon Valley and the concentration now President Trump has a special relationship with him

[01:04:50,293]: We all trust President Trump

[01:04:51,973]: President Trump says on top of this it’s just that you have to one of my bigger problems with Elon Musk is transhumanism

[01:04:58,693]: The number one of all the problems we have we have massive financial problems massive geostrategic problems and massive immigration and sovereignty issues

[01:05:08,133]: All of those problems are solvable

[01:05:11,613]: Tough decisions

[01:05:12,753]: We’ve let a lot of good alternatives go away

[01:05:15,553]: It gets tougher and tougher every year

[01:05:17,393]: They can all be solved and they can be solved by rational policies and you can solve those in debate and some days you’re gonna win some days you’re gonna lose

[01:05:25,613]: Underneath that we have the most important time in the history of the Homo sapiens upon us

[01:05:34,673]: We are converging on something called the singularity and it’s just not AI

[01:05:39,313]: AI is one part of it

[01:05:40,613]: You have artificial intelligence and artificial general intelligence

[01:05:44,273]: You also have that regenerative robotics

[01:05:46,253]: You have quantum computing

[01:05:48,073]: You have advanced chip design

[01:05:49,553]: You also have CRISPR and gene splicing

[01:05:52,893]: Manipulation yeah

[01:05:53,553]: Manipulation that’s all converging on a spot called the singularity

[01:05:56,793]: On this side of that you have the Homo sapiens

[01:05:59,733]: Something that’s been around I don’t know for 100 000 whenever all the other species fell aside we survived okay

[01:06:08,413]: So you have the Homo sapiens for I don’t know 100 000 or a million years

[01:06:12,153]: On the other side of that you have Homo sapiens 2 0 and the pressure as if people under 35 or 40 didn’t have enough pressure on them because they have more pressure than any generation in this country I think of pressure on them of economically of socially

[01:06:27,293]: You’re now gonna add another pressure which is for their children

[01:06:32,013]: You know

[01:06:32,673]: Do you enhance yourself

[01:06:33,513]: Exactly

[01:06:34,253]: Do you become

[01:06:34,773]: Even not yourself

[01:06:35,853]: If you’re saying no I’m gonna see this thing through as what I am and I’ll make myself better but you look at your kids and you say hey look I worked my ass off and I went to an Ivy League school

[01:06:44,113]: I went to a great university

[01:06:45,713]: I became great in a sport

[01:06:47,313]: I became great in my profession or my love my hobby whatever it was and you’re gonna sit there and go Let’s chip the kids

[01:06:53,133]: There’s only so many slots at Harvard

[01:06:55,173]: There’s only slots at University of Michigan

[01:06:57,633]: There’s only so many slots at Wisconsin or Arizona

[01:07:00,613]: Chip the kids

[01:07:00,773]: You say the whole world’s chipping them

[01:07:03,573]: You’re gonna have these debates and you’re gonna sit there at night going do I chip the kid or not

[01:07:08,433]: Honey chip the kids

[01:07:09,493]: Do they chip the kids

[01:07:10,413]: And I’m saying this is gonna cause as a society and a civilization we’re not ready to have that conversation yet

[01:07:18,233]: By the way it’s gonna drive politics

[01:07:22,093]: Look at Elon and this is why because the industrialists in Silicon Valley are taking the typical easy way industrialists have

[01:07:30,933]: In the issue about labor and about manufacturing instead of still trying to do the great American innovation and kind of the Tom Peters management in search of excellence management by wandering around like having the R D facility next to the manufacturing facility so the engineers could walk to the floor and see the artisans these guys and get better production experience get down the learning curve make things better

[01:07:57,033]: American innovation was always our greatest power

[01:08:01,353]: What we did is we outsourced

[01:08:02,853]: We just shipped the factories over to China because you know why

[01:08:05,693]: For efficiency we want cheaper labor

[01:08:07,633]: It’s easier to do that

[01:08:08,713]: We keep the R D here and guess what

[01:08:10,293]: It was never the same again but we got lower labor costs

[01:08:13,153]: You either send it to China or you outsource it to India

[01:08:16,453]: That was the lazy way to do it and it had a massive impact on manufacturing

[01:08:21,693]: The same thing’s happening in AI and this is why people have to wake up

[01:08:25,433]: AI’s got two paths it can go down an efficiency path that I’m just gonna use AI and blow out everybody under 35 years old that’s in their first administrative manager or tech job or I can use it as an engine of innovation to work and right now we’re taking the just like the guys made the basic mistake of doing the what I call the mass type of AI which is the model that we’re using right which is machine learning in a mass way that requires massive data centers massive replication massive energy

[01:08:59,753]: And that’s like chat GPT and things like this

[01:09:01,833]: Versus what DeepSeek is right

[01:09:03,653]: Which is now Do you think DeepSeek is legit

[01:09:06,053]: Do you think they were able to accomplish this or do you think this is I’m not I’m not I’m not smart enough to know but here’s what I would say

[01:09:12,711]: So even if it’s a PSYOP we have to I think assume for the purpose of the discussion going forward it may be a Sputnik or quasi Sputnik moment in what we’re going to do about it because now we’re in a horrible situation

[01:09:26,131]: Because now the oligarchs come to us and say well Bannon how can you sit there and say we should be broken up

[01:09:31,211]: How can you want Lena Kahn and your neo Brandeisian how can you want to break it up

[01:09:35,631]: Now more than ever we need to have national champions

[01:09:38,631]: Now more than ever you must make us you must make another Faustian bargain

[01:09:41,931]: There’s a point to that where they say we need supremacy in that technology sector

[01:09:47,151]: This is the 500 billion bailout

[01:09:49,811]: They turn to us and say we need a Mercury program

[01:09:52,351]: We need a Marshall program

[01:09:53,711]: You need to turn the national labs over to us

[01:09:55,951]: The taxpayers have to fund it

[01:09:56,711]: They ain’t putting it up

[01:09:57,811]: And the venture capitalists they’re looking for a bailout

[01:10:00,331]: Anytime you hear Mercury program anytime you hear Marshall program understand that’s coming out of your paycheck

[01:10:06,431]: And is this similar in your mind to when people say we need to go into Iraq and into Afghanistan and we need all this money

[01:10:14,071]: It’s the same thing as the bailout of the banks

[01:10:16,291]: It’s always looking for the little guy

[01:10:17,871]: And obviously going there the little guy pays for it

[01:10:20,871]: It’s your sons and daughters that are in Iraq or Afghanistan and you’re paying for it

[01:10:25,611]: And not just your taxes your private equity

[01:10:28,131]: Remember Zuckerberg and all these guys came out of graduate schools

[01:10:30,631]: They didn’t have any money

[01:10:31,911]: The people who invest the Peter Thiel’s and people like that it’s all pension fund money

[01:10:35,391]: So it’s Oregon State Pension Fund it’s CalPERS it’s Alabama Teachers Fund all of their money

[01:10:41,711]: This is the Greek tragedy part of this

[01:10:44,051]: The American working class and middle class have essentially through their work and hard work and savings right has paid for their own destruction has paid for that’s the Greek tragedy part of it

[01:10:55,291]: Your greatest strength was turned against you

[01:10:57,671]: Your ability to be a good householder your ability to actually have something your ability to pay your taxes on a regular basis and have a little something put away that’s what the venture capitalists and the hedge funds used to ship the jobs overseas and destroy not on your own economics of your personal life but to make sure that your children and grandchildren essentially live like Russian serfs

[01:11:19,531]: That’s the revolt that you’re seeing

[01:11:21,911]: Now people can’t totally articulate it

[01:11:23,711]: Number one is the system’s never explained to you

[01:11:26,651]: You never explain how up here on Capitol Hill you can run these massive deficits

[01:11:30,191]: Well how can it be paid for

[01:11:31,791]: How can we not bankrupt

[01:11:32,851]: Well we have this money machine called the Federal Reserve that can just create money that we can create the bond

[01:11:37,271]: Well we can’t sell to foreign countries

[01:11:39,071]: We can just create ourselves

[01:11:40,431]: And that’s how you end up with 125 of GDP in debt with a trillion dollars being added every hundred days

[01:11:48,291]: And inflation’s not going to go away until you stop this massive federal spending

[01:11:52,591]: It’s not a supply chain issue anymore

[01:11:54,651]: It’s too many dollars chasing too few goods

[01:11:57,611]: And as we keep having these massive deficits the inflation is going to be embedded in the system

[01:12:03,731]: And as we have to refinance you’re going to refinance it at higher rates

[01:12:07,511]: You’re not going to get rid of this inflation

[01:12:09,211]: It’s a death spiral

[01:12:10,931]: Two final questions

[01:12:12,771]: Is a conflict in your mind with China at some point inevitable

[01:12:16,991]: We’ve heard people come on the news and they say a conflict is within five to seven years

[01:12:23,051]: Pentagon runs a study that says within five to seven years

[01:12:25,631]: Now some of this seems like it is based on the need for more money and more spending and more

[01:12:32,491]: Or is this and you know more about China than a lot of people and you’ve studied and read about it is it going to be a military conflict

[01:12:40,931]: Is it going to be an economic conflict

[01:12:42,911]: This is the book and I’ll get you covered Unrestricted Warfare written by two colonels back in the 90s off of the Gulf War

[01:12:48,931]: And what they said is foreign devils are so sophisticated in armaments and particularly remote armaments and targeting that we never want to get into a shooting war with foreign devils

[01:13:01,031]: That unrestricted warfare will be cyber psychological political economic

[01:13:05,851]: We will do everything

[01:13:06,711]: And in fact they announced in 2019 there’s a people’s war

[01:13:09,951]: The Chinese Communist Party is at war with us today

[01:13:12,331]: That’s where you see the mass infiltration to the United States

[01:13:15,191]: That’s where you see the taking of so much of our technology

[01:13:17,971]: We don’t need and Sun Tzu tells them in their belief the moment they have to go kinetic they feel they’ve already lost

[01:13:25,231]: Number one they don’t want to fight the foreign devils in a kinetic war because they understand one thing we can do is get up on it and fucking blow shit up and kill people

[01:13:32,411]: Okay

[01:13:32,751]: We’re very good at that

[01:13:34,231]: They considered that defeat

[01:13:35,491]: They want to defeat us beforehand

[01:13:37,791]: My point

[01:13:38,831]: The only people that throw off think about that would allow the Chinese Communist Party which is a dictatorship that’s killed a quarter of a billion of their own people right

[01:13:46,991]: I mean they make Stalin and Hitler look like pikers

[01:13:50,671]: Okay

[01:13:51,111]: They’ve murdered in concentration camps starvation through the cultural revolution the great leap forward the collectivization

[01:13:57,291]: And today the gulags they have you know a quarter of a billion of their own people in the force

[01:14:01,951]: If you can’t the forced abortions you had another three or 400 million Chinese particularly Chinese female babies

[01:14:08,391]: So these people are murderous dictatorship yet we we interact with them or in business with them

[01:14:12,751]: Like they’re like they’re part of the Kiwanis club

[01:14:15,271]: If you want to support Lao Bajing which is the only way they can be overthrown

[01:14:18,851]: That’s the that’s a name for old

[01:14:21,371]: It’s a old hundred names because there’s basically a hundred names in the Chinese language right

[01:14:26,811]: A hundred last names

[01:14:27,851]: So old hundred names is a a term for the common man in China common man and woman

[01:14:33,491]: If you want Lao Bajing to overthrow him we just have to do two things

[01:14:37,511]: You cut them off completely from any access to American capital

[01:14:42,751]: And I mean any

[01:14:43,471]: No stock market no equity no lending no nothing zero

[01:14:47,651]: And you cut them off 100 from American technology

[01:14:51,011]: They will collapse I believe in a hundred days

[01:14:53,871]: They cannot exist unless they have access to American capital or access to technology

[01:14:58,211]: This is why I’m one of the leaders of the decoupling effort right

[01:15:01,571]: And president Trump he wrote an executive order on Friday and signed it

[01:15:04,811]: That’s probably the toughest thing we’ve done about no involvement at all with technology companies of any company that does Chinese military

[01:15:12,391]: It’s the first time we’ve really somebody’s put down the law

[01:15:15,871]: That’s the way you take care of the Chinese Communist Party

[01:15:17,951]: If we don’t do that I believe we’ll be in a shooting war in the South China Sea and around Taiwan in five years

[01:15:25,551]: And people have to understand I don’t care about your moral whether you think you’re supporting Taiwan for a democracy or not

[01:15:32,631]: Advanced chip design you know 30 to 40 to 50 of our advanced chip design comes from Taiwan

[01:15:38,631]: There’s chip and it’s not easily replicable

[01:15:40,171]: The Koreans have tried it

[01:15:41,451]: The Japanese have tried it

[01:15:42,431]: We’re trying to hear in the United States for the chip act

[01:15:44,951]: We are 10 or 20 years away from those plants

[01:15:47,711]: Advanced chip design is both an art and a science

[01:15:50,151]: We don’t have it

[01:15:51,011]: They have it in those plants in Taiwan

[01:15:53,071]: It’s 80 miles from the mainland China

[01:15:54,811]: It’s a horrible situation

[01:15:56,411]: President Trump thinks about it all the time

[01:15:58,231]: You talk about the Pentagon and I used to I that’s where I spent my half of my career at sea was there

[01:16:03,391]: The other half was in the North Arabian Sea and Persian Gulf

[01:16:05,811]: So I’ve steamed those those waters

[01:16:08,431]: Right now there’s not been a war game in the Pentagon

[01:16:11,931]: They’ve put this out in the last seven or eight years that we’ve won defending Taiwan

[01:16:16,411]: Wow

[01:16:16,631]: And they know that

[01:16:18,571]: So and if if if they take Taiwan the American economy will drop into a depression

[01:16:23,391]: They understand that

[01:16:24,711]: That’s why it’s kind of a standoff right now but we have to get much more aggressive on the CCP or we’re going to pay for it

[01:16:30,471]: And we do that by restricting Wall Street and respect restricting Silicon Valley from being in business with them

[01:16:36,371]: The the salutes that Elon I think might’ve done one by mistake or you did one these things that people are getting very upset about

[01:16:44,211]: You just got a lot of press at CPAC or whatever it was

[01:16:47,731]: I gave a motivational talk at the end

[01:16:49,451]: I always give a wave to the audience

[01:16:51,171]: What they did is they took a nanosecond clip and said Bannon’s throwing a a a Nazi or Roman salute

[01:16:57,071]: They just came out today

[01:16:58,411]: Byron Yorker over the Washington Examiner came out with a photo of of Kamala Harris doing the same thing a couple of years ago where she waved to the audience but what they’re trying to listen the speech I gave the speech and said you go like this you go but it’s you’re probably I’m waving to the crowd

[01:17:17,231]: Yes

[01:17:18,211]: Yes

[01:17:18,891]: Yes

[01:17:18,951]: Yes

[01:17:19,471]: You’re waving to this

[01:17:20,911]: And by the way the French guy with the French guy with the French guy that said he wouldn’t come

[01:17:27,051]: They had a thing a front national where I talked to the group seven years ago I did the exact same thing

[01:17:31,831]: I went up and waved to the crowd like that and I go Oh God nothing you’ve said today indicates that you have any adoration for or sympathy for any any of the Hitlerian

[01:17:42,971]: But what they didn’t want to do is cover the speech

[01:17:45,491]: In the speech I said the whole world’s media is there the same guy the whole world’s media is there

[01:17:49,851]: They’re not there to see Bannon because they get enough of me yelling at the microphone four hours a day

[01:17:54,111]: They get they get Elon Musk

[01:17:55,291]: They don’t need more Elon Musk they get you know Elon all the time

[01:17:58,131]: They don’t need Trump

[01:17:59,071]: Trump did another hour in the in the thing today sign executive orders and blowing them up when he’s asking them questions

[01:18:04,351]: Trump’s so far in their head

[01:18:05,951]: I said and they’re not there for JD they get enough of JD too

[01:18:09,091]: They came because they want to see where the power in this country lies is with this populist movement

[01:18:15,211]: And they can’t understand it and they can’t destroy what they don’t understand

[01:18:19,231]: And so they’re all there to see these people

[01:18:20,751]: And I said you are the power Trump

[01:18:23,131]: When Trump went back to Mar a Lago after they stole the 2020 election Hey the entire Republican party abandoned him

[01:18:29,711]: Everybody was debanked deplatformed all the oligarchs kicked him off everywhere

[01:18:33,971]: It was his base that said fuck this

[01:18:37,111]: If you’re in we’re in

[01:18:38,651]: And when he said I’m in understanding and this was the greatest moment of moral clarity and one of the greatest profiles in courage

[01:18:46,911]: You take Kennedy’s book read them all all eight examples I think you’ve got 10 examples

[01:18:51,531]: They don’t compare to Trump

[01:18:52,811]: Trump understood if I do this and are not a good little boy and stay in Mar a Lago and build more golf courses and write my memoirs

[01:18:59,731]: If I come back and try to reclaim the presidency that was stolen from me they will try to throw me in prison

[01:19:07,011]: They’ll try to bankrupt me

[01:19:08,051]: They’ll try to destroy my country

[01:19:09,571]: He understood

[01:19:11,471]: And eventually try to kill you

[01:19:13,191]: He is the American Cincinnatus

[01:19:14,871]: This is his famous mythical Roman general that went back and retired

[01:19:19,211]: And when the nation was having a crisis right in a war they went to him and said you got to come back and save us

[01:19:25,631]: Trump came back

[01:19:26,651]: And that’s why it’s General Washington Lincoln and Trump

[01:19:30,771]: This will be known as the age of Trump

[01:19:32,791]: And here’s the thing

[01:19:33,731]: They’re not in history

[01:19:34,991]: They’re not going to give a fuck about Elon Musk Steve Bannon Tucker Carlson JD Vance

[01:19:40,711]: They’re going to care about Donald Trump and MAGA

[01:19:44,551]: They’re going to say this guy was a billionaire that came and basically formed a populist nationalist movement that gave the country its sovereignty back and gave the country its freedom back

[01:19:54,271]: And that’s why I think he’s not only one of the greatest presidents we’ve ever had

[01:19:59,271]: He’s one of the two or three greatest Americans we’ve ever had

[01:20:02,591]: And this is why I’m a huge proponent of trying to see if he can’t stick around as long as possible

[01:20:07,231]: Because at least for another term after this because Well that would require amending the constitution

[01:20:11,631]: Well we’ll see about that

[01:20:13,891]: We’ll see

[01:20:14,471]: No but then people You don’t think he’ll be too old

[01:20:17,471]: He certainly won’t be too old

[01:20:18,451]: Look at his energy now

[01:20:19,511]: His energy is He has great energy

[01:20:20,711]: Great energy and sharp

[01:20:21,671]: Listen a guy like this comes along once a century

[01:20:25,391]: We had one in the 18th century But he’d have to win again right

[01:20:29,591]: I mean let’s say it would be another election

[01:20:32,051]: Yes

[01:20:32,391]: Because this is what people tend to always say about him right

[01:20:35,051]: No no no

[01:20:36,451]: Winning more elections we’re not concerned about that

[01:20:40,211]: We think that this guy is on a roll right now

[01:20:42,211]: We think we’re building our coalition

[01:20:43,611]: Now we have to deliver

[01:20:45,251]: Right

[01:20:45,331]: There’s going to be some People should understand

[01:20:47,091]: You have to deliver

[01:20:47,851]: Three or four months are going to be a firestorm on this Capitol about spending about taxes and I’m a big proponent that if we can’t cut spending enough if there’s not enough revenue coming in from tariffs You’re going to tax the rich

[01:21:01,791]: A tax You’re going to do that and tax the rich

[01:21:04,191]: I said in the Oval in 17 when we had Cohen Mnuchin and Jared myself and I told the president then you’ve got to take the upper bracket and we’ve got to tax them

[01:21:16,991]: We’ve got to increase the tax rates

[01:21:17,931]: What’s the upper bracket

[01:21:18,591]: Well here’s what I’m saying is that right now Where does that start before I get on board with this

[01:21:22,651]: Hang on

[01:21:23,571]: You’re probably going to fall into that

[01:21:25,051]: No

[01:21:25,371]: Right now if you look at Steve

[01:21:27,291]: If you look at the four trillion These private planes are expensive and they’re dangerous

[01:21:31,391]: If you look at the 4 trillion so if we don’t extend the tax cuts right

[01:21:36,771]: There’s basically as Scott said there’s a 4 trillion tax increase coming

[01:21:41,171]: If you take couples filing together under 400 000 combined that is essentially 2 6 trillion of that

[01:21:50,091]: So that covers And I would actually say increase that maybe to 500 000

[01:21:53,971]: Then you have a couple hundred billion for pass throughs of entrepreneurs with small companies

[01:21:59,011]: That leaves about a trillion dollars for the top 5 or the top 3 so that those tax cuts would not be renewed

[01:22:09,131]: Their taxes would go back to the previous taxes

[01:22:13,091]: Yes

[01:22:13,911]: And I’m actually saying that I could get behind

[01:22:17,811]: I could say that’s okay

[01:22:20,211]: I appreciate that

[01:22:21,471]: I mean I don’t

[01:22:22,571]: I’m just saying

[01:22:23,551]: I think Is there any way we could start taxes after 8 million

[01:22:28,431]: Well they do that now I think on estate taxes

[01:22:31,991]: Let me give you one more piece of news though

[01:22:35,891]: That’s in the existing taxes we have today

[01:22:38,051]: So I’m a proponent of President Trump is too no tax on tips no tax on overtime no tax on first responders military veterans et cetera

[01:22:48,831]: Podcasters

[01:22:50,431]: Right wing podcasters

[01:22:51,931]: No

[01:22:52,311]: No tax on Social Security

[01:22:54,591]: That adds up

[01:22:55,751]: When you accumulate it that’s about another trillion dollars

[01:22:58,791]: So our gap goes from 2 trillion to 3 trillion

[01:23:02,051]: And so we’ve got to close that

[01:23:03,771]: And my point is the best way to incentivize the oligarchs and the wealthy and the lords of easy money on Wall Street to help us cut spending is they’ve got to get in back of because the puppets here in D C respond to those guys

[01:23:17,671]: You’ve got to have your lobbyists

[01:23:19,351]: You’ve got to have everybody help us work on cutting spending

[01:23:22,811]: If we can’t cut spending we can’t continue on a 2 trillion deficit

[01:23:26,851]: Not only may you not get in my view not get the extension of the Trump tax cut

[01:23:34,031]: I think you’ve got to talk taxes on financial transactions taxes on you’ve got to kill the carried interest

[01:23:42,311]: You have to kill all these games

[01:23:43,411]: Well the carried interest they should have killed a long time ago

[01:23:44,991]: No one’s killed it

[01:23:45,831]: No one’s killed it

[01:23:46,391]: Chuck Schumer and everybody

[01:23:47,391]: It’s not

[01:23:47,851]: And by the way the Democrats always fold

[01:23:50,191]: Democrats fold

[01:23:50,431]: Remember in the first hundred days I’ll show you what funnies there are in the first hundred days of Biden’s regime they came out with all this tax on billionaires

[01:23:57,991]: Remember that

[01:23:58,431]: They had a program tax on billionaires

[01:23:59,871]: It never even got through a committee

[01:24:01,771]: Because the Democratic Party is controlled by billionaires

[01:24:06,911]: And so this is I think where we’ve got to get tough

[01:24:10,911]: I just saw a poll today that 50 of Republican voters President Trump’s supporters 50 agree that if we’ve got to close this gap that they support taxing the wealthy

[01:24:22,331]: I just think it’s just going to happen

[01:24:25,691]: And to me it’s just logical

[01:24:27,351]: I’m not against it

[01:24:28,251]: And I think that we should care for I’ve always said listen I lived in California for many years

[01:24:34,151]: Pay high taxes

[01:24:35,351]: And I said if I was living in a place where it was nice and people were being supported and cared for with the money it’s great

[01:24:45,111]: But if I’m paying 13 5 of my money and someone is using the bathroom in the middle of the parkway I’m asking questions

[01:24:55,081]: Like Bill Maher and others have finally started to wake up to the fact after the Palisades debacle of exactly what you’re paying for

[01:25:00,761]: Listen I’m not for higher taxes

[01:25:03,501]: What I’m for is fiscal sanity

[01:25:05,641]: We’re in a financial crisis

[01:25:07,381]: If we can’t if President Trump’s geoeconomics on tariffs because he doesn’t think of tariffs as a 25 tariff on a Mexican avocado or some under the hood part from Canada

[01:25:19,441]: He looks at it as we have a premium market that’s basically supported and made robust by working class people

[01:25:28,061]: You have to if you want to get through the golden door you got to pay a premium

[01:25:31,181]: Like you get a skybox at a sporting event or a front row ticket to a concert you either move your manufacturing here and create jobs or you’re going to pay a price for it

[01:25:40,841]: He believes I think like Navarro eventually a third of our total revenue can come from external sources not internal

[01:25:49,821]: But if we can’t cut spending get more duties fees and tariffs from outside sources that gap at 2 trillion is not sustainable and it’s just going to keep driving inflation

[01:26:01,321]: It’s got to be cut

[01:26:02,001]: If you want to get under a trillion dollars and Doge doesn’t come up with those types of cuts which I think right now is still to be seen

[01:26:09,681]: There is waste fraud and abuse but if we can’t get to those cuts eventually you have to get additional revenues

[01:26:15,381]: Those revenues to me should come from financial transactions carried interest others and obviously the wealthy that can have made up so well from the 2008 collapse

[01:26:26,841]: I mean we’ve created more wealth for them

[01:26:29,261]: The Wall Street Journal today just has a report out that the entire economy you know 70 of it is or a third of the purchasing power but 70 of the overall is driven by the top 3

[01:26:41,881]: People are making more than 350 000 a year I think

[01:26:45,301]: That’s not we can’t continue into that system

[01:26:48,361]: No that makes sense

[01:26:48,841]: We have a capitalist system

[01:26:50,761]: We got to keep it

[01:26:51,661]: Well we have a capitalist system with no capitalists

[01:26:54,281]: Think about it

[01:26:55,181]: 70 of the people in this country don’t own financial or real assets right

[01:26:59,401]: They have to have a piece of the action

[01:27:02,581]: If you have everybody a piece of the action and this is not socialism they’re not these people never asked for anything

[01:27:08,501]: It’s also practical

[01:27:10,361]: President Trump keeps saying it’s a revolution of common sense

[01:27:13,761]: Common sense means let’s get everybody to be a capitalist

[01:27:16,421]: Let’s get everybody to be an owner of something

[01:27:18,721]: Financial assets real assets skin in the game

[01:27:21,961]: Care about the community

[01:27:22,941]: Care about the community

[01:27:23,801]: Once you incentivize people with actual ownership you create a capitalist system

[01:27:28,081]: Right now we have an oligarchic system right that’s a huge government a handful of players in each industry whether it’s media whether it’s defense contracting whether it’s big pharma health the oligarchs in Silicon Valley that have elite merger or elite capture right or regulatory capture

[01:27:45,461]: This has to be broken apart and they’re just not going to sit there and say oh this is brilliant

[01:27:49,681]: Why didn’t we think of that

[01:27:50,621]: We’ll just toss you the keys

[01:27:51,561]: Every day is going to be a fight

[01:27:53,141]: It will be

[01:27:53,901]: And we’re asking people in your audience as you become awakened to what reality is you know understand they’re always going to try to throw oh it’s Nazi salutes or these guys are nativists or they’re racist

[01:28:02,741]: We’re everything we’re anything but

[01:28:04,261]: We’re saying that the greatest resource this country’s ever had ever had is its people particularly working class and middle class people

[01:28:11,561]: It is what has created more value more wealth freed more people than any nation in the history of the earth

[01:28:17,881]: And what we have to do is make sure that they’re incentivized and rewarded for that

[01:28:21,881]: And if we do that this thing is going to thrive like nobody’s business

[01:28:25,261]: Steve Bannon thank you so much for coming on

[01:28:27,561]: You got Trump elected

[01:28:29,141]: Can you get me elected to the I didn’t get Trump

[01:28:32,761]: Trump got himself elected

[01:28:33,461]: Well yeah but you were instrumental in it

[01:28:36,041]: I had a small role

[01:28:37,481]: Could you make me the mayor of the Pacific Palisades

[01:28:40,321]: First off I’m still going to work on your thing

[01:28:42,581]: You want to opt in for the no tax cuts for the podcasters right that whole thing

[01:28:46,081]: No I’m very serious about that because we’re the new media and we have to pay

[01:28:50,381]: I pay this lug

[01:28:51,361]: I pay producers

[01:28:52,961]: I pay people

[01:28:53,461]: I pay for their meals Steve

[01:28:54,641]: All these guys bitched and moaned when they got here

[01:28:56,481]: They weren’t paid enough

[01:28:57,681]: They all bitch and moan

[01:28:59,321]: I’m telling you the podcasters are the most suffering

[01:29:02,661]: I mean yes the working class and whatever and Ukraine blah blah blah

[01:29:07,201]: I can’t hear about that anymore

[01:29:09,161]: The podcasters we’re spending the money

[01:29:11,501]: You know

[01:29:11,961]: All right

[01:29:12,201]: Thank you Steve Bannon

[01:29:13,181]: Thank you for coming

[01:29:13,821]: I appreciate it

[01:29:14,361]: Appreciate it

[01:29:14,601]: Of course

[01:29:14,821]: Thank you

[01:29:15,101]: Thank you

[01:29:15,341]: Thank you for having me

[01:29:15,981]: Thank you so much

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