March 14, 2025 • 51 mins
THE WAR ROOM WITH STEPHEN K. BANNON, MARCH 14TH, 2025
GUESTS:
MIKE DAVIS
JIM RICKARDS
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Episode Transcript
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Speaker 1 (00:00):
What a cost you see to the constitutional order of
(00:03):
a shutdown that isn't already being done.
Speaker 2 (00:06):
Now, it's a dramatic cost.
Speaker 3 (00:08):
Here's why Chris under a shutdown, it is the executive
branch in this case, Trump Musk goes and vote. Who's
head of the omb, who we all know are authoritarians, vicious, nasty,
who would have sole control over what is funded and
what isn't. They get to determine what is a quote
(00:30):
essential service and they will just cut to smithereens far
greater than in the cr bill, which is a lousy bill,
far greater than that what could be funded and what couldn't.
Speaker 2 (00:41):
And there's no recourse. You can't go to court.
Speaker 3 (00:43):
This is a decision totally in the executive branch, and
so it'd be devastating. Why is it that Elon Musk
and Donald Trump want a government shutdown so they can
take control of the government and do their vicious, horrible things.
Speaker 2 (00:57):
They could cut half the government.
Speaker 3 (00:59):
They could take employees you're not essential and never bring
them back permanently, firing them.
Speaker 2 (01:04):
It's a disaster.
Speaker 3 (01:06):
And in a few weeks if there was a shutdown,
everyone would be complaining. And howe why did they cut
why did they eliminate snap? Why did they cut so
much of medicaid? But they could do all that on
their own. That's the problems. There is no check on
them with a shutdown. That's not to say this cur
bill is a good bill.
Speaker 2 (01:25):
It isn't.
Speaker 3 (01:25):
It didn't have any safeguards in it. But it would
be much much worse to have a shutdown. And my job,
Chris's leader, is to see things a little bit ahead
down the road and see how horrible this would be
an alert people to us.
Speaker 1 (01:37):
So I want to sort of present our two arguments
on the other side. One of them is that I
was I was it was quite and I hear you
on this. I think it doesn't.
Speaker 2 (01:44):
This is not an easy call. I want to be clear.
Speaker 4 (01:46):
I mean, I don't think it is.
Speaker 1 (01:47):
But you know, the the AFTER Union, which is the
largest union representing federal workers, they're in they want a
big victory today in federal court about those probationary employee
ass fire.
Speaker 5 (01:58):
Would you what do you think of the John de
Chuck Shammer is doing. Would you ever challenge him?
Speaker 6 (02:02):
Do you think I think that what we need right
now is a United Senate Democratic caucus that can stand
up for this country and not vote for the cloture
and not vote for this bill. And I think that
the strength that we have is in this moment reconciliation.
And all of these Republicans do not need Democratic votes
for that, they need it for this. And so the
(02:23):
strength of our leadership in this moment is going to
demonstrate the strength of our caucus. And I cannot urge
enough how bad of an idea it is to empower
and enable Donald Trump and Elon Muskin this moment.
Speaker 7 (02:35):
It is dangerous and it is reckless.
Speaker 8 (02:37):
Well, I think it gets their attention.
Speaker 1 (02:38):
The only thing that gets them to back down is
meeting conflict with conflict. If you meet conflict with essentially
managed retreat or strategical non engagement, then they roll overrior.
Speaker 3 (02:50):
We are going to conflict with them on everything. On
the tax cuts for the billionaires, they become a plutocracy,
in oligarchy.
Speaker 2 (02:59):
On Medicaid, we.
Speaker 3 (03:00):
Have plans to conflict them with all of that. If
the shutdown occurred, we wouldn't be able to do that
because they would fill up both the Senate and the
discussion on whether we should cut this and not cut that.
Speaker 2 (03:13):
Of things that they want to cut.
Speaker 3 (03:15):
So to have the conflict on the best ground we
have summed up in a sentence that they're making the
middle class pay for tax cuts for billionaires.
Speaker 2 (03:24):
It's much much.
Speaker 3 (03:25):
Better not to be in the middle of a shutdown,
which to divert people from the number one issue we
have against these bastards, sorry, these people, which is not
only all these cuts, but they're ruining democracy and one
other thing.
Speaker 2 (03:39):
On a shutdown. On a shutdown, the.
Speaker 3 (03:42):
Courts could close or at least be totally totally disabled,
and the courts are one of the best ways we've
had to go after these guys.
Speaker 5 (03:52):
Colleagues, House Republicans are already using the term Schumer shutdown,
which has that nice a literative style. Are you not
worried at all about Democrats taking the heat for the shutdown?
Speaker 6 (04:02):
We know and the American people are not going to
have the wool pulled over their eyes. Everybody knows that
Donald Trump is president, that Republicans have the Senate and Republicans.
Speaker 2 (04:12):
Have the House.
Speaker 6 (04:13):
They have the keys to the entire United States government,
and if Republicans wanted to avert a shutdown, they can,
they can, they can if they need democratic votes, then
they can negotiate with Democrats to get those votes. It
is simple the op They have two options to pass
it with their votes or to pass it with democratic votes.
And we also see the data bearing this out when
(04:35):
you look at public polling from very reputable firms. We
see that the American people understand that and they know
that that the party in charge of government is the
party that's in charge of keeping government open.
Speaker 9 (04:48):
This is the primal screen of a dying regime.
Speaker 10 (04:53):
Pray for our enemies because we're going to medieval onless people.
Speaker 4 (04:58):
There's not got a free shot.
Speaker 10 (04:59):
All these net what's lying about the people?
Speaker 9 (05:02):
The people have had a belly full of it. I
know you don't like hearing that.
Speaker 10 (05:05):
I know you try to do everything.
Speaker 4 (05:06):
In the world to stop that, but you're not going
to stop it.
Speaker 9 (05:08):
It's going to happen.
Speaker 5 (05:09):
And where do people like that go to share the
big line?
Speaker 7 (05:13):
Mega media?
Speaker 5 (05:14):
I wish in my soul, I wish that any of
these people had a conscience.
Speaker 10 (05:20):
Ask yourself, what is my task and what is my purpose.
Speaker 4 (05:23):
If that answer is to save my country, this country
will be saved.
Speaker 8 (05:30):
War Room, use your host.
Speaker 7 (05:32):
Stephen came back.
Speaker 10 (05:38):
Friday, fourteenth March year of Our Lord, twenty twenty five.
It's going to be another crazy Friday. President will be
sending the executive orders at about one o'clock at the
White House. At round one o'clock someday in this afternoon,
the official surrender of the Democratic Party will take place
(05:58):
in the Senate as a vote to continue on President
Trump's government without a fight. And then President Trump Donald
John Trump, the forty seventh President United States, by the way,
who is chief executive officer of the United States Government.
He's Commander in chief of the Uniform Military Services, and
he's also Chief Magistrate and Chief Law Enforcement Officer. In
(06:21):
that third role of Chief Magistrate and Chief Law Enforcement Officer.
He will head to the Justice Department today for a
for remarks, maybe a little Q and a as Pam Bonnie,
I think Cash will Tell will be there. We got
so much going on, and so the Democratic Party is
in a total meltdown. They've been trying to go on
(06:41):
offense by going into these red districts to get this
big plan of how to do it. Also, they're engaging.
They're engaging right wingers in media more than ever. The
people that lost so badly for them and meltdown about that.
And just in the middle of this, and they're getting
really I think, pretty significant legal victories at least with
(07:04):
these radical lower court justices. But in the middle of
this Schumer excuse, Schumer is surrendering today and that has
caused a complete and total meltdown the House to a
press except for Jerry Golden up in Maine two, which
is really a Republican district in Maine two voted to
(07:27):
voted to shut the government down, and Schumer, I think
is constructed to get eight Democratic votes. I would say
Fetterman plus seven or himself, he and Fetterman plus five
or plus six to get to the eight a full surrender,
and that's really put a chop block of any momentum
the Democrats that thought they had. So we're going to
(07:49):
get into all of this. The geopolitic ticks up at
the capital markets. The economy economic part of it golds
over three thousand this morning. Stock market up a little
bit at the open. Let's go ahead and play. We've
got Besson's comments with Boyle, We've got some swatting victims.
One of the things they're doing. They're getting much nastier
(08:09):
on threats. Everyone I know is getting threats, death threats,
of the threats, swatting, they're trying to suicide by cop.
We're going to get to all of that. But I
got the great Mike Davis. I haven't opened for Mike
Davis because right now, of all the fights you see
on the legislative side, they're surrendering. They ain't surrendering in
the courts, and they're getting some traction because of radical justices.
(08:33):
These frontline federal judges are also playing the role of
the prosecuting the case against the government against President Trump.
Speaker 9 (08:43):
Let's ahead and play bringing Mike Davis all right.
Speaker 11 (08:45):
Update, As we reported at the top of the show,
federal judge in California today issued a blistering ruling from
the bench in which he ordered the Trump administration to
rehire thousands of people they had fired from the federal
government USDA, Department, Energy Department, Department of the Interior, the Treasury,
and the VA.
Speaker 8 (09:04):
Well, I got two updates.
Speaker 11 (09:05):
For you because tonight, just as we are coming on
the air, the plaintiffs in that case, the California federal case,
the plaintiffs are the union representing government workers. Plaintiffs went
back to that same judge in California and essentially said,
thank you for this ruling today, your honor, can you
please make it so it applies to even more agencies.
They have now formally asked the judge to expand that
(09:28):
order today to also order the reinstatement of fired employees
at the Commerce Department, Education Department, Health and Human Services,
Homeland Security, Housing and Urban Development, the Justice Department, Department
of Transportation, the EPA, NASA, the National Science Foundation, and
the Small Business Administration. Update one, here's update two. Just
(09:48):
minutes after those plaintiffs asked the California federal judge to
expand his ruling and order even more agencies to rehire
even more people, a second federal judge across the in
Maryland issued a ruling and an entirely separate case, ordering
the federal government also to rehire thousands of fired federal employees.
(10:11):
This federal judge in Maryland tonight has just ordered that
thousands of fired probationary employees must now be reinstated at
ready for the list Department of Agriculture, Department of Commerce,
Department of Defense, Department of Education, Department of Energy, Health
and Human Services, Homeland Security, Housing and Urban Development, Department
of the Interior, Department of Labor, Department of Transportation, the
(10:35):
Treasury Department, va USAID, the Consumer Financial Protection Bureau, the EPA,
the FDIC, the General Services Administration, the Office of Personnel Management,
the Small Business Administration, and the National Archives and Records Administration.
All of them reinstate all of your fired probationary employees.
Speaker 10 (10:55):
And if it seems like there's.
Speaker 11 (10:56):
Overlap between the list in those two cases are correct.
As of tonight, just in today's news, we've got overlapping
federal rulings ordering the immediate reinstatement of thousands of employees
at multiple federal agencies. I'll tell you, the Maryland judge
writes in this new order, that's just out tonight quote.
(11:17):
The law is clear that when dismissing an employee due
to unsatisfactory performance, the employer must honestly be dissatisfied with
the probationer's conduct or performance after giving him a fair
trial on the job. Again, two federal judges tonight with
equally sweeping rulings, both in the same direction, both telling Trump,
(11:40):
when you fired those people, you had no right give
them back their jobs.
Speaker 10 (11:46):
Okay, Mike Davis joins, Mike, it's more than just. If
you think of the the obligations and duties of an executive,
one is the hiring and firing people, downsizing or in increasing,
also about where money goes at these first level across
(12:06):
the nation, like in San Francisco or in Maryland. They're
also issuing injunctions for the entire country. And it's on
everything President Trump's doing. It's just not personnel, which they're
really ramping up, but it is also restricting payments, I mean,
essentially doing an executive does. Can you give us a
tour the horizon of where we stand now? Because last
(12:27):
night on the shows, they didn't want to talk about
Chuck Schumer. Chuck Schumer was the third or fourth story
they got to. The first story all night long was
their wins in federal court.
Speaker 12 (12:37):
Sir, again, the American people gave President Trump a broad
electoral mandate to cut waste, fraud, and abuse, to make
our governments work for us instead of us working for
our government. And President Trump is doing that. That's the
unthinkable in Washington. He's actually doing what he promised American
(12:58):
voters he would do.
Speaker 8 (12:59):
That includes getting rid of.
Speaker 12 (13:02):
These federal employees who do not provide value, These probationary
employees who the Biten administration fire hired over the last
year or two. The Trump administration made a determination on
an individualized basis through these agency heads that these probationary
employees are no longer useful. So they got a pink
(13:25):
slip and got sent packing as they should.
Speaker 8 (13:28):
Have all these Biden hires, right.
Speaker 12 (13:30):
And what they're doing is they have these plaintiffs, these unions,
and these left wing activists running to these left wing
activist judges, and they're getting illegal, unconstitutional.
Speaker 8 (13:41):
Orders from these activist judges.
Speaker 12 (13:43):
These activist judges are trying to tell the President of
the United States that he does not have power under
Article two of the Constitution, the executive power. The power
is the chief of the Chief executive officer, as the
commander in chief, to hire and fire employees in voting
overseas foreign service officers, including telling the president what you
(14:06):
can do for military readiness and morale. This is unacceptable
what these activist judges are doing. If these fired employees
want to get redress, they go to the merit system's
protection board and they can get monetary damages.
Speaker 8 (14:24):
But for an activist judge. Two activist judges now saying that.
Speaker 12 (14:28):
The President of the United States has to rehire fired
executive branch workers against his will violates Article two of
the Constitution. It violates federal statute. These judges don't have
the power.
Speaker 2 (14:42):
To do this.
Speaker 10 (14:44):
Mike, hang on from one second, holding to the break
the Mike Davis, the Viceroy joins us live to engage
in the judicial insurrection against President Trump in America.
Speaker 7 (14:59):
Use who Stephen came?
Speaker 9 (15:07):
Welcome back?
Speaker 10 (15:08):
If you notice in that first in the cold open,
Mike Davis, the principal reason that Schumer gave for keeping
the government open, for his basic surrender today is because
he feared we would shut down the courts.
Speaker 9 (15:26):
And he says, this.
Speaker 10 (15:27):
Is the way we're winning. Right now, you give your
overall assessment, because this is where and all their other failures,
this is the one place they've got in traction, sir.
Speaker 12 (15:39):
It's you how illegal and unconstitutional this strategy is. The
American people elected President Trump. They gave him a comfortable
majority in the United States Senate, and they gave him
another Republican House. The American people gave President Trump a
broad electoral mandate and these Democrats know they're not going
to win in the House. So long as the House
(16:02):
sticks together, they're not going to win in the Senate,
and so they have to run to their activist judges
in the courts.
Speaker 8 (16:08):
They're judicial saboteurs.
Speaker 12 (16:10):
And remember this, a federal judges job is a modest
but crucial job. They decide cases and controversies before them,
with parties before them, with redressable claims. The courts find facts,
then they apply the law to those facts. Then they
order a remedy permitted by the law, and that's it.
(16:31):
Judges wear robes, they don't wear capes. They don't set
national policy. They don't certainly don't set foreign policy. They're
not the HR departments for another branch. They can't tell
the presidents but who he can hire and fire.
Speaker 10 (16:48):
Okay, but here's what I don't Here's what I'm I'm
confused about. Confused the president chief executive, why are we
doing these backflips so that the probationary guys didn't live
up to the probation didn't get into the argument individual
doesn't the chief executive have the ability to say, Hey,
(17:08):
we're going to downsize this company, a country government, and
you know X amount of people we're going to start
with the probationary because they don't even officially have jobs yet.
And if there's eighty thousand probationary period of people, I
thought that I heard they might be up to one
hundred and fifty thousand. That guys were just not since
we're going to be cutting other people later in a
(17:29):
series of riffs that the ones that don't have long
term jobs, haven't even qualified, that are still in probation.
No matter how you're doing, you could be a superstar.
We're just downsizing and downsizing. You know, we're not going
through and making evaluations here, Correct me if I'm wrong.
We're getting into a debate in the court in San
Francisco about who performed who didn't perform. I mean that's
(17:53):
why the judge went crazy yesterday because our response looked
a little you know, slapped together. Have done the chief
executive he just had the right to say, hey, just
like he has the right to say what you're going
to argue on the impowments. Guess what, I'm not going
to spend the money right that was the appropriations is
a ceiling and you know I'm going to reprogram this
(18:17):
or I'm going to I don't think it's you know,
we need to save money. Doge has identified this as
waste for an abuse. Yes, we put out a cr
that Schumer agreed to, but we're not going to finance
waste for an abuse.
Speaker 9 (18:32):
So I'm cutting that.
Speaker 10 (18:33):
And by the way, I'm gonna start with one hundred
and fifty thousand probation ampairs. Why are we falling into
a trap of trying to say these people are good,
these people are not good. This guy would would come
to the office. This guy wouldn't come to the office, sir.
Speaker 8 (18:46):
Yeah.
Speaker 12 (18:46):
Congress certainly has the power to set up officers of
the United States by statute. Congress certainly has the power
of the purse. But the executive power under Article two
of the Constitution belongs to the press and the President alone.
He's the chief executive officer. He's the commander in chief.
He can hire people, he can fire people. And if
(19:08):
you have statutes or regulations or court rulings that say
that the presidents cannot fire executive branch workers or he
has to rehire them against his will, those statutes, those regulations,
those lower court rulings are unconstitutional. Under Article two of
(19:30):
the Constitution periods full stop.
Speaker 9 (19:37):
Correct me if I'm wrong. Look, this is your line
of country.
Speaker 10 (19:39):
It's one of the reasons the war and posse revers
the Vice roaring White, President Trump and others in the
administration and listen to your advice. It seems to me
given some of these kind of arguments, both on the
money and the personnel, and this is the way we
deconstruct the administrative state. And seeing the ferocity of these
(20:00):
radical neo Marxist judges across from DC to Maryland of
San francois I mean across the country in these in
these radical jurisdictions. That and knowing the Supreme Court as
at least I know him as a civilian, I don't
see this getting rectified or sorted immediately. In other words,
I don't see this running up the chain of command.
(20:22):
And next week we have some clarity. I think we're
in a fight now. Am I wrong in that? Or
are you and the legal geniuses saying no, this is
a strategy and we've got a path to get up
there and take essentially take these shackles off the office
of the President and doing essentially a restructuring of the
American government, Sir.
Speaker 12 (20:45):
I would advise and I have advised the President's legal
team to continue to charge forward because, uh, the presidency
is at stake, Our country is at stake. Right if
President Trump would have lost this election, everyone knows we
would have lost our country. These Democrats are not liberals
who love America. Today's Democrats to many of them are
(21:07):
Marxists who are trying to destroy America. And they have
their judicial saboteurs on the bench, these new Biden and
Obama judges who are radical leftists, like Judge Ali in DC,
who is still a Canadian citizen who's ordering the president
to send two billion dollars in foreign aid to who
(21:29):
knows where Hamas Terris maybe waste, Fronden abuse certainly, and
you have a judge who thinks he can do this,
And I would say this, these activist judges are destroying
the legitimacy, their own legitimacy by sabotaging the presidency. They
are playing a very destructive game, the most destructive game imaginable.
(21:51):
And the Chief Justice needs to understand this. He needs
to step up, He needs to stop this, because when
the judiciary loses its legitimacy, the judiciary loses everything.
Speaker 8 (22:06):
Look, look what.
Speaker 12 (22:07):
At Andrew Jackson did. You cannot enforce your own orders.
You need to rely on your legitimacy to get the executive.
Speaker 8 (22:15):
Branch in Congress to go along with your orders.
Speaker 12 (22:17):
Are you going to send your law clerks and secretaries
to enforce your orders? They need to get the fact
that these activist judges rained in.
Speaker 8 (22:28):
These are activist radical judges.
Speaker 12 (22:30):
They are acting illegally, they are acting unconstitutionally, and there
is going to be a severe political revolt against the
judiciary they if the Chief Justice does not get these
activist judges in line and in line fast.
Speaker 10 (22:49):
Mike Davis, thank you very much. I think we're trying
to get through your good offices. We're trying to get
John you on today. I appreciate your help on that. Also,
give a shout out, was it, Gail Slater? Many of
the neo Brandeisians are now getting in place, and so
the really the anti trust and the take on big
(23:09):
tech that you have pioneered for many many years.
Speaker 9 (23:14):
Are coming in. You want to give a shout out.
Speaker 8 (23:16):
Yeah, absolutely.
Speaker 12 (23:17):
I know the Viceroy is highly partisan, but one area
where Steve Bannon and the Viceroy are not partisan.
Speaker 8 (23:25):
Is on anti trust.
Speaker 12 (23:26):
We are working with people like Andrew Ferguson, the FTC chair,
Lena Kahn, a Democrat appointee at the FTC. Gail Slater
is our friend Bannon's neighbor, who is the new anti
trust chief at the Justice Department. She's one of my
best friends in Washington. Mark Metter is going through the
process now. President Trump has assembled the Anti trust Dream Team.
(23:51):
There is a bipartisan anti trust renaissance to hold these
big tech monopolists and other monopolist accountable. And so we
have free and fair markets and we that is good
for That is good for small businesses, that is good
for consumers.
Speaker 8 (24:09):
So congrats to our good friend Gail Slater.
Speaker 10 (24:13):
She just started, Yeah, Mike, Article three, Where do people go?
Speaker 12 (24:18):
Article three? Project dot org? Article number three, Project dot org.
You can donate there. You could follow us on social media.
The most important thing the POSSE does is take action, action, action, action.
Speaker 10 (24:31):
Thank you, Steve, thank you, thank you brother speaking action.
We're going to go to the White House to the sticks.
Speaker 13 (24:37):
Caroline Lovett live with us, who said that only because
of President Trump are we here on the verge of
brokering a piece deal.
Speaker 10 (24:47):
Did the President talked to President Trump last night and
the president President Trump talked to President sorry, President Trump
last night.
Speaker 13 (24:55):
He did not know Steve Woodkoff spoke to him yesterday
in Moscow, as you know.
Speaker 6 (24:58):
Has a president.
Speaker 8 (24:59):
Spoken with the new the incoming Canadian prime minister at
all this week?
Speaker 4 (25:03):
I overally this because they had it yet spoken.
Speaker 8 (25:05):
For given everything that's going on. Yeah, it's really the
United States and Canada.
Speaker 13 (25:08):
Have they spoken to my knowledge, they have not spoken.
When they do, we can provide a readout of that call.
Speaker 14 (25:12):
The New York.
Speaker 3 (25:12):
Governor meeting a hopefully smitty with cousin.
Speaker 13 (25:15):
Yeah, I believe it's still ongoing or it wrapped when
I came out here. But you know, the governor was
here to talk about the pipeline that President Trump is
very determined to get past in the New England and
New York area. And so you know, that's as far
as I know about the conversation, but I can get
an update on it.
Speaker 15 (25:35):
Rulings about all the fire probationionary workers use the same language.
Speaker 7 (25:38):
You're just kind of was in a statement about fighting
back against everyone. Do you mean appealing or something else?
Speaker 5 (25:43):
And does the administration plan to comply with those orders.
Speaker 13 (25:46):
In the meantime, fighting back by appealing, fighting back by
using the full weight of the White House Counsel's Office
and our lawyers at the federal government, who believe that
this injunction is entirely unconstitutional, and it is for anybody
who has a base understanding of the law. You cannot
have a low level district court judge filing an injunction
to usurp the executive authority of the President of the
(26:08):
United States. That is completely absurd. And as the executive
of the executive branch, the president has the ability to
fire or hire, and you have these lower level judges
who are trying to block this president's agenda. It's very clear,
and as I just cited, I was appalled by the
statistic when I saw it this morning. In three or
(26:29):
in one month in February, there have been fifteen injunctions
of this administration in our agenda. In three years under
the Biden administration, there were fourteen injunctions. So it's very
clear that there are judicial activists throughout our judicial branch
who are trying to block this president's executive authority. We
are going to fight back, and as anyone who saw
(26:50):
President Trump in his legal team fighting back, they know
how to do it. He was indicted nearly two hundred
times and he's in the Oval office now because all
of the indictments, all of these in junction have always
been on constitutional and unfair. They are led by partisan
activists who are trying to usurp the will of this president,
and we're not going to stand for it. Thanks, you
(27:11):
might want to hear that.
Speaker 10 (27:12):
Correcting terrigory. Okay, gosh, I hate, I hate to say
that we're totally in sync with the White House.
Speaker 9 (27:23):
Of what the news of the day are. But you
heard Caroline love It. Look, this is big.
Speaker 10 (27:27):
Chuck Schumer is going to essentially uh accede to and
sign a surrendered document today in the early afternoon. The
Democratic Party is completely and totally in meltdown over this
the where they are getting some traction and I just
want people now to to My current thinking is the
following is that this is going to grind through.
Speaker 9 (27:52):
This is going to take a while. You're going to
see this fight go on and knowing.
Speaker 10 (27:56):
The because as Mike Davis, it's also it's the all,
but it's also politics when It is the higher up
you go, the more the intense politics and now the
radical nature of the judiciary. This is why the confirmation
of these judges is so important. This is why I
remember on the night of the election, when we were
sitting there starting to celebrate, we did say, hey, folks,
we got to go to work.
Speaker 9 (28:17):
The next day.
Speaker 10 (28:18):
After November fifth, why Elizabeth Warren put the clarion call
out to Schumer and said, you hadn't done a good
enough job. We just lost the Senate. We have what
eight weeks before Trump's people are here, or actually less
than that to the new Senate, I think January third.
And she said, we have to go approve all those judges.
And look at the judges they jammed through at the
(28:39):
last second. And what do you get. You get to
check ins, you get to barrow Borough House, you get
to judge out in San Francisco eighty years old. I
think he's been there fifty years? Did you say the
other day forty some years? This fight in the courts
is and you can see the radical nature. You can
(28:59):
also say, see the vitriol against President Trump in his administration.
I mean they're coming in, they're just they couldn't be
more vicious. So that's where we had Mike. We're gonna
have John U, the Great. John U is going to
join us hopefully about eleven o'clock. John U is one
of the great legal thinkers on our side of the football.
(29:20):
He's doing some incredible pieces at Fox and you're also
at a piece at Civitas that laid this entire construct out,
and we want to get him because ideas have consequence. Also,
Julie Kelly's going to join us tonight on what's happening
today in the courts. I will tell you on the
two basic things, and this is both doja's waste for
(29:41):
aud and abuse, but it's also going to get into
this whole programmatic cuts. It's going to get into impowerment,
it's going to get into recisions. He's going to get
into when we've got to cut to the We have
to cut to the bone here because we can't afford
paying for this anymore. Not just intruding in your personal
life and your and your professional life, but you just
can't and afford it's not sustainable. They're going to use
(30:02):
the courts to try to fight this. The legislative side
essentially surrenders today, the activist side, and they're going into
red districts. You know, Bernie Sanders and Waltz, and Waltz
is predicting his presidential campaign in twenty eight on this. Bernie,
I think, is feeling the juice. He's drawn some big crowds.
You just have to face facts. I don't think these
(30:25):
Republicans should be canceling these town halls.
Speaker 9 (30:29):
I think they ought to have security.
Speaker 10 (30:30):
And if people get out of control and start yelling, screaming,
these these paid democratic activists or even have democratic people,
you got to tell people he calmed down or I
answer your question. But it seems to me that maga's
got to show up to these town halls. You shouldn't
back off them and make the case, make President Trump's case.
The case is very straightforward. The case for waste fard
abuse is very straightforward, and it has to happen. Caroline
(30:52):
Levitt was there. You saw Scott Bessant, the Secretary Treasury
at the White House, that he was in the background.
I would hope he would come to the stick. We
can't get enough of Scott Besset do we have. Matt
Boyle did an incredible job from the Salmon Chase room
last night when they did the interview. We've got the
(31:13):
first clip up. Let's go ahead and play that. I'll jump.
Is it ready to go? Let's go ahead and play it.
Speaker 14 (31:22):
You gave a massive address recently in the New York
Economic Club. In it, you laid out your plan to
what you call reprivatize the American economy. We saw there
in the previous administration pretty big reliance for economic growth
on government spending. You think that's not the answer. Walk
us through, how do we reprivatize the economy?
Speaker 2 (31:41):
What does that mean?
Speaker 10 (31:42):
Explain that for us?
Speaker 7 (31:43):
Sure.
Speaker 15 (31:43):
So one of the reasons I came out from behind
my desk and as President Trump if I could join
the campaign then when he asked me to be in
the cabinet, was because I was so alarmed by this
high level of government spending. We've never seen anything like
this highest level ever when we weren't in a war
or in a recession. So the Biden administration relied on
(32:06):
this blowout spending.
Speaker 7 (32:07):
Back to the mainstream media.
Speaker 15 (32:09):
No one criticized it when they were doing it, because
it was for the great and the good. It was
for green programs, it was for this, it was for
overseas engagement. Now what we're trying to do is do
a course correction where we bring down the government, we
de leverage the government and relever the private sector.
Speaker 7 (32:31):
And we're going to do that by cutting.
Speaker 15 (32:33):
Spending, the lowering interest we'll get a natural lowering of
interest rates.
Speaker 7 (32:40):
And then on the.
Speaker 15 (32:41):
Other side, as we relever the private sector, were we
planned to deregulate the banking system, which was one of
the things I talked about at the Economic Club of
New York last week. So as we allow the banking
as we unshackle the regulated banking system, they can lead,
they can lend to the private sector, and especially Main
(33:06):
Street which has been overlooked, so small regional banks, small banks,
community banks, and so as the government comes down, the
private sectoral go up.
Speaker 7 (33:16):
Government will shed access.
Speaker 15 (33:18):
Labor, and there's plenty of it, and then the private
sector will pick it up.
Speaker 14 (33:22):
If you listen to the establishment media talk about this,
they will say that the shifts that we're talking about
here from government dependency to a private sector for economic
growth may cause a recession. That you see that term
out there all the time. I would imagine you disagree.
Can you explain that for us.
Speaker 7 (33:43):
Well, I disagree.
Speaker 15 (33:45):
This does not have to cause a recession because look,
and again back to your point on fact based analysis
that for my thirty five years from my investment career,
I was able to kind of not listen to the
noise adhere to the facts. And I can tell you
the facts are. I've met with several large bank executives
(34:08):
and payment processors this week. The American consumers in great
shape their spending.
Speaker 7 (34:16):
Met with one of the.
Speaker 15 (34:17):
Five largest bank CEOs today he said that small medium
manufacturing in the Midwest, they've seen a tickup in loan volume.
So I disagree with this, And where are all these
people when the Biden administration was blowing out the deficit,
like we could have come in. It would have been
(34:37):
easy to come in, keep up these horrendous spending levels,
and maybe we could have kept it going for year,
two years, maybe even four years, and left the next
president and his administration the American people with this problem
or it could just blow.
Speaker 7 (34:53):
Up at any time.
Speaker 15 (34:54):
So we are laser focused on getting this deficit under control.
Speaker 7 (35:00):
And then growing the economy.
Speaker 10 (35:03):
I'm so proud of these guys. We're gonna have so
Scott bessen't there. And then John Yu when he comes
on these structural, massive problems with the government right there,
and I think we got to see NBC clip I
may call for here in a moment of Scott Bessant,
he said, hey, we could have continued on. You know
this massive deficit spending. Now what it would have done.
(35:24):
It would have embedded inflation more into the system. But
at some point in time he just had because we've
kicked the can down the road. We haven't made the
tough decisions. You just keep going and going going. They
could have Trump could have done it Beston could have
done it. They said they're not going to do it.
President Trump's transformational. This is why he's talking about hemispheric defense.
(35:50):
This is why, uh, this is why he's engaged in
stopping the kinetic part of the Third World War in
the Aurasian land mass. And just they put it a
true social A moment ago, the said he's basically having
conversations with Putin and making progress. John Hugh is going
to be here in a moment saying, hey, this whole
thing had gotten so far out of control, with the
(36:11):
Justice Department being so radicalized from the time of Richard Nixon.
And what President Trump's trying to do is end you know,
and and the sins of the cure quote unquote for Wartergate.
He's trying to stop the addiction to massive federal spending.
(36:32):
He's trying to stop the addiction to the war machine.
He's trying to detox detox. And somebody said, well, Scott
should to use that word. I absolutely should use that word,
because that's the if you if you tell the truth
to the American people and you're authentic, and they see
that you're going to fight for their interests and explain
(36:52):
to him, hey, folks, this is what we're trying to accomplish.
The American people will have your back. That's where they
had Trump's back in the election. Remember all the guys
running around now and they're going to hey, you know,
you got Mike Allen. They're all trying to come to
talk to right wing media because they understand we've outworked them,
out hustled them, and built these kind of networks out
(37:13):
of nothing, out of zero no capital, just basically content.
President Trump is not here to do normal things. That's
where every day it's so amazing what he's doing at
so many different levels. Last night. They had a couple
of things they put out yesterday. Pete Hexas has put
together a couple of military options for the Panama Canal.
(37:37):
As you should. President Trump already got Larry Fink and
black Rock. Well, I'm not huge fans of, but they're
kind of guys can write a twenty five billion Donald check.
And they wrote a twenty five billion Donald check to
buy out Hutchison Wampoa, the Chinese company of the Hong
Kong company that manages the docks and the stevedores, everything
down to the Panama Canal. The first step to taking
(37:59):
it back. Now it's in American hands, the operational part
of it, not all of the not all of the
parts of the canal are still on some parts of
the Pandomanium government. But that's all going to be quickly
ceded to the United States. And President Trump's looking at
a couple of three military options. He still get military
options against the cartels. We were going to have Tom
(38:21):
Dance on this morning about Greenland. There's a technical issure.
We're to get Tom tonight or tomorrow. But you know,
he's thinking through his whole thing of Greenland. Everything he's
doing is massive they just leaked last night. They're coming
forward with the Aliens Act of seventeen ninety eight to
expedite getting rid of the illegal aliens in the country.
(38:45):
The Aliens Act of seventeen ninety eight. They're gonna they're gonna,
you know, they're gonna dust that off and say, bang,
we're doing this today. President Trump's gonna be sending more
executive orders. Everything is ignoral with this, They're not They're
not playing on the margins. This is deep and the
fight's deep. This is why about the courts, and we're
(39:06):
gonna have you on. And you see right there with
Scott Besson. Do we have the CNBC clip? Let me
play the seat?
Speaker 9 (39:13):
How many long? Is it just a couple of minutes?
Speaker 10 (39:15):
Yeah, let's go and play the CNBC clip. I'll coming
This is consistent. This is one I think is great
coming out of Treasury Scott Besson as a capital markets guy,
he's laying out we're cutting spending, We're gonna deconstruct this government.
We're gonna get the size down. We're also gonna get
to spending down the Pentagon and other places. They could
have taken the easy road, right, they're taking the narrow
(39:37):
path while they taking the narrow path. The country has
to have it or we're finished. I kept saying that
one in the middle about the finances. If you just
keep going, that's existential, You're you're you're done, You're toast.
They're not going to do it. They're attacking this full on.
Let's go and play it.
Speaker 15 (39:54):
You know, when you say that we're in a when
we're in a period of detox, use that word.
Speaker 13 (39:58):
On CNBC last Is that an euphemism for recession?
Speaker 8 (40:03):
Not at all.
Speaker 15 (40:04):
Doesn't have to be, because it'll depend on how quickly
the baton gets handed off. Our goal is to have
a smooth transition. But I tell you, Sarah, the easy thing,
the easy thing for us to have done, would have
been to come in and just keep this massive spending
level going. And it's unsustainable. But could we have kept
(40:26):
it going for a year? Two years, maybe even four? Maybe?
But you're risking a financial calamity. So you know, we
are trying to get this tax bill done. We are
the controlling expenses. And when we get the tax bill done,
So if you can change the trajectory, up revenues up
economic growth, hold expenses flat, or do they unthinkable and
(40:49):
cut expenses. Then that's a pretty good trajectory on growth.
And if we go back to the model in the nineties,
that's exactly what happened. We'd see interest rates come down,
we'd see the private sector take up the slack from
the government because right now we have excess employment in
the government, and that the of those people can be
(41:12):
moved to the private sector.
Speaker 10 (41:16):
Move them to the private sector, downsizing, cutting spenses, and
the courts have coming vaccinating you can't do that. You
can't do that. You can't you can't cut the federal government,
you can't cut the bureaucracy.
Speaker 9 (41:26):
You can't do it.
Speaker 10 (41:28):
They're fighting, and this is going to go all the
way up, and I think it's going to take a while.
I don't see this getting expedited really overall, because they're
going to keep coming. I think you have to bundlet
into one thing. We'll ask John you this. You have
to bundlet and have an overall decision here, because you
know you're going to go one of these radical sectors
like DC to lose it the appell court and you
(41:50):
have to go to the Supreme Court or right ever
side loses is going to continue on. So this is
going to be as Treasury and O and B are
trying to do their jobs. You've got, you know, these
unions and all these radicals, and you see them cheered
on by MSNBC. What did Schumer say, don't miss the
signal for the noise the final decision they made in
(42:14):
keeping the government open. Their fear is that if they
shut the government down, President Trump could do something of
the courts and slow down. And they admit it. That's
the only place they're getting victories right now. This is
going to get tougher and tougher. I tell you also,
behind the scenes the polling, it's getting a little dicey one.
(42:37):
I think it's just not being message one hundred percent appropriately.
That's why I'm glad bessens more engage, hope for us
Volk gets engaged.
Speaker 9 (42:44):
I think I'm glad Caroline came out today.
Speaker 10 (42:47):
I think the White House staff is doing a is
doing a fantastic job here.
Speaker 9 (42:52):
We want to see more.
Speaker 10 (42:53):
I think you have more financial I would also make
a recommendation, you know, maybe Howard ought to spend a
little more time at common, maybe a little less time
in the TV studio, a little bit of that goes
a long way, if you know what I mean. We've
got to kind of get on a point here. Speaking
of getting on point, goals through three thousand, We've told
(43:13):
you this for years. It's it's understanding pattern recognition. We're
here to give you access to information so that you
understand it.
Speaker 9 (43:22):
You have a mental map, right. Somebody does not tell you, oh.
Speaker 10 (43:25):
It's goals. Understand why, understand why you do that. You
will change your life. You will. That's one of the
reasons we're so proud and the teams so committed to
the show.
Speaker 9 (43:34):
We see how it's energized people.
Speaker 10 (43:36):
Use your agency, take your phone out, text banning at
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Speaker 7 (43:59):
Your host Stephen.
Speaker 10 (44:01):
K Two things. I want to go to Birch Gold
dot Com Into the Dollar Empire, Birch Gold dot Com,
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(44:25):
bonus a free book. Was it Money and Chad gpt
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Speaker 9 (44:35):
There's a story of business insight. I said this day
was coming.
Speaker 10 (44:37):
There's a new one of the hottest companies in programming
of coding. Essentially said that the CEO, I'll have this
this afternoon to talk about. CEO made a statement. He
says he thinks all of his coding and his company,
all of it will be done by artificial intelligence. They'll
(44:58):
have some managers managing all be done by artificial intelligence
within this year, within this year. See go to ricordswarroom
dot com slash Bannon get you go there and you
know only get access to strategic intelligence, you also get
the new book about money and artificial intelligence, records the
(45:22):
Chinese curse to live in interesting times. Sir, we're doing it.
Give me. I want to know first. I want to
pull back the camera and talk to you about the
quote unquote tariffs, trade war, how that's affecting the market.
Impacting the market and obviously, as you're called, shot to
the rise of goals over three thousand a day, Jim
reckards the floor is your sir, sure, well.
Speaker 4 (45:44):
I love the fact that every reporter in Washington, or
lobbyist or whatever is suddenly an expert on tariff's. We
haven't heard much about them for a long time, but
now that's all you hear. The fact is, most mainstream
economists don't understand tariffs. There are few who do, Michael Pettison,
a few others, and I've spent a lot of time
on the topic. As we've said before, tarrists were how
(46:07):
the United States grew From seventeen ninety Alexander Hamilton until
nineteen sixty two, when Kennedy signed the Trade Acts of
nineteen sixty two, the US always had tariffs again. John Quincy, Adams,
Abraham Lincoln, William McKinley, Coolidge, Eisenhower, they all supported tariffs.
The income tax didn't even come in until nineteen thirteen.
(46:30):
How do we finance the Civil War, the Spanish American
War and all the growth, etc. So terrorists makes sense.
They basically say to the world, Hey, you can sell
whatever you want to Americans, no problem, but you have
to build it here, you have to invest here, you
have to hire Americans. Creates high paying jobs that in
turn drives consumption of the good sort, and not with depth,
(46:51):
but with the fact that people can afford things and
the economy growth so plus you get an awful lot
of revenue from it. And all these budget projections you
hear about are not really taking into account the at
least tens, perhaps hundreds of billions of dollars that will
actually get from the tariffs. So so Trump has that right.
It's not some radical new idea. It was an idea
(47:11):
that was around for you know, one hundred and fifty years,
but it was just sort of abandoned in the during
the edge of globalization slightly before so, but the biggest,
the biggest canarcy were the biggest misunderstanding. The Democrats started
this in the twenty twenty four campaign, but it kind
of clought on unfortunately. They said tariffs are a sales
tax on the American people. You buy goods and if
(47:34):
you put a ten or twenty percent tariff on it,
that's like a twenty percent sales tax. Well, everyone hates
sales tax. I live in New Hampshire, we don't have any,
but most places do. That's not true. And here's mark.
There are three parties, at least three, maybe more, but
there at least three parties to a tariff related transaction.
There's the producer. The exporter could be in China, Vietnam
(47:56):
or Malaysia. There's the importer in the United States, which
is a district or a wholesale or some sort. And
then there's the consumer. You might have more metal men,
but those three parties. So this idea that this gets
laid off on the consumer is absolutely not true. If
you thought if Walmart and best Buy and Cohle's and
everyone else thought that they could raise prices to consumers,
(48:18):
they would do it anyway. You don't need a tariff
to raise prices. They would just raise prices. Why don't
they because they can't because the consumer can't pay more,
because the consumers tapped out, credit lines are usedup, etc.
There's a lot of what's called inelasticity, sorry elasticity. At
that level, people will substitute other goods, get hamburger instead
of steak or whatever. The only exception is guessline, because
(48:40):
you absolutely need that. So who actually pays the tariff, Well,
the importer writes to check. The importer who takes it
off the container ship at the port of la writes
the check to the Treasury for the tariff, but who
bears the economic costs? A lot of it gets pushed
back to the producer. The importer calls China or Vietnam
or Malaysia's the casement bans. Look, you've got to lower
(49:00):
your prices because lower prices with the tariff comes out
about where we were. But this is coming out of
your profits in your margin. Or the importer can bear
part of it again, same result, lower revenues, lower margins,
or they can split it. That's just an economic decision.
But the point is either the producer or the importer
(49:21):
or both bear the taraff the consumer does not, because
the consumers campaign anymore anyway, So that whole sales text
idea is just a complete myth. It's not true, and
that's why it's not inflationary. Trump put a lot of
tariffs on in twenty eighteen. We didn't have inflation, no
significant amount of inflation.
Speaker 10 (49:38):
Then go back to hang hold full stop hit rewind
on that we got to hammer this point every day.
President Trump put the highest terriftsor everhead on the Chinese
Commings party in eighteen and in eighteen and nineteen, absolutely
no price inflation at all of the Tranese goods. Am
I correcting that, Jim records. You might correction that gym Rekerd.
(50:00):
It shows that it's a lie. This canard they do
every day and nobody refutes it. You got Spencer Morrison,
Peter Navarre, you got Jim Rickerds. You got three or
four guys, and we ought to be out every day.
I've told Treasure and Whales is we have to have
the first team out there tearing apart the lies that
they're putting out about terrorists.
Speaker 9 (50:19):
Right now, sir, there is.
Speaker 4 (50:21):
No economic evidence the tariff's cause inflation. In fact, the
example we just gave a twenty eighteen Trump piled on
tariffs and there was no inflation. The inflation took off
in twenty twenty two under Biden hit nine point one
percent on an annualized basis.
Speaker 10 (50:37):
Spendsployers the kingesy and spending the kingesy and spending spending,
spending Jim Hayer for a second, Rickerds is going to
be with me for most of the second hour. Go
to rickardsworam dot com. You get access to strategic intelligence. Also,
you get a free book on capital markets, currency and
(50:57):
artificial intelligence. Next segment We're gonna end here with the
right stuff. Rickards got it, President Trump's got it. Our
next guest at the top of the hour, John U,
one of the great brains on the legal side the
conservative Movement's going to join us. We're going to talk
about you heard matter last night the court in San
(51:20):
Francisco and Maryland. Mike Davis led it. These fights we
have against these radical neo Marxist judges. John You is
going to say, we're here to end the sins of
the Postwartergate era of what was done at the Justice
Department in the federal bench. Short commercial break, John U
joins us. Next in the Worry
What a cost you see to the constitutional order of
(00:03):
a shutdown that isn't already being done.
Speaker 2 (00:06):
Now, it's a dramatic cost.
Speaker 3 (00:08):
Here's why Chris under a shutdown, it is the executive
branch in this case, Trump Musk goes and vote. Who's
head of the omb, who we all know are authoritarians, vicious, nasty,
who would have sole control over what is funded and
what isn't. They get to determine what is a quote
(00:30):
essential service and they will just cut to smithereens far
greater than in the cr bill, which is a lousy bill,
far greater than that what could be funded and what couldn't.
Speaker 2 (00:41):
And there's no recourse. You can't go to court.
Speaker 3 (00:43):
This is a decision totally in the executive branch, and
so it'd be devastating. Why is it that Elon Musk
and Donald Trump want a government shutdown so they can
take control of the government and do their vicious, horrible things.
Speaker 2 (00:57):
They could cut half the government.
Speaker 3 (00:59):
They could take employees you're not essential and never bring
them back permanently, firing them.
Speaker 2 (01:04):
It's a disaster.
Speaker 3 (01:06):
And in a few weeks if there was a shutdown,
everyone would be complaining. And howe why did they cut
why did they eliminate snap? Why did they cut so
much of medicaid? But they could do all that on
their own. That's the problems. There is no check on
them with a shutdown. That's not to say this cur
bill is a good bill.
Speaker 2 (01:25):
It isn't.
Speaker 3 (01:25):
It didn't have any safeguards in it. But it would
be much much worse to have a shutdown. And my job,
Chris's leader, is to see things a little bit ahead
down the road and see how horrible this would be
an alert people to us.
Speaker 1 (01:37):
So I want to sort of present our two arguments
on the other side. One of them is that I
was I was it was quite and I hear you
on this. I think it doesn't.
Speaker 2 (01:44):
This is not an easy call. I want to be clear.
Speaker 4 (01:46):
I mean, I don't think it is.
Speaker 1 (01:47):
But you know, the the AFTER Union, which is the
largest union representing federal workers, they're in they want a
big victory today in federal court about those probationary employee
ass fire.
Speaker 5 (01:58):
Would you what do you think of the John de
Chuck Shammer is doing. Would you ever challenge him?
Speaker 6 (02:02):
Do you think I think that what we need right
now is a United Senate Democratic caucus that can stand
up for this country and not vote for the cloture
and not vote for this bill. And I think that
the strength that we have is in this moment reconciliation.
And all of these Republicans do not need Democratic votes
for that, they need it for this. And so the
(02:23):
strength of our leadership in this moment is going to
demonstrate the strength of our caucus. And I cannot urge
enough how bad of an idea it is to empower
and enable Donald Trump and Elon Muskin this moment.
Speaker 7 (02:35):
It is dangerous and it is reckless.
Speaker 8 (02:37):
Well, I think it gets their attention.
Speaker 1 (02:38):
The only thing that gets them to back down is
meeting conflict with conflict. If you meet conflict with essentially
managed retreat or strategical non engagement, then they roll overrior.
Speaker 3 (02:50):
We are going to conflict with them on everything. On
the tax cuts for the billionaires, they become a plutocracy,
in oligarchy.
Speaker 2 (02:59):
On Medicaid, we.
Speaker 3 (03:00):
Have plans to conflict them with all of that. If
the shutdown occurred, we wouldn't be able to do that
because they would fill up both the Senate and the
discussion on whether we should cut this and not cut that.
Speaker 2 (03:13):
Of things that they want to cut.
Speaker 3 (03:15):
So to have the conflict on the best ground we
have summed up in a sentence that they're making the
middle class pay for tax cuts for billionaires.
Speaker 2 (03:24):
It's much much.
Speaker 3 (03:25):
Better not to be in the middle of a shutdown,
which to divert people from the number one issue we
have against these bastards, sorry, these people, which is not
only all these cuts, but they're ruining democracy and one
other thing.
Speaker 2 (03:39):
On a shutdown. On a shutdown, the.
Speaker 3 (03:42):
Courts could close or at least be totally totally disabled,
and the courts are one of the best ways we've
had to go after these guys.
Speaker 5 (03:52):
Colleagues, House Republicans are already using the term Schumer shutdown,
which has that nice a literative style. Are you not
worried at all about Democrats taking the heat for the shutdown?
Speaker 6 (04:02):
We know and the American people are not going to
have the wool pulled over their eyes. Everybody knows that
Donald Trump is president, that Republicans have the Senate and Republicans.
Speaker 2 (04:12):
Have the House.
Speaker 6 (04:13):
They have the keys to the entire United States government,
and if Republicans wanted to avert a shutdown, they can,
they can, they can if they need democratic votes, then
they can negotiate with Democrats to get those votes. It
is simple the op They have two options to pass
it with their votes or to pass it with democratic votes.
And we also see the data bearing this out when
(04:35):
you look at public polling from very reputable firms. We
see that the American people understand that and they know
that that the party in charge of government is the
party that's in charge of keeping government open.
Speaker 9 (04:48):
This is the primal screen of a dying regime.
Speaker 10 (04:53):
Pray for our enemies because we're going to medieval onless people.
Speaker 4 (04:58):
There's not got a free shot.
Speaker 10 (04:59):
All these net what's lying about the people?
Speaker 9 (05:02):
The people have had a belly full of it. I
know you don't like hearing that.
Speaker 10 (05:05):
I know you try to do everything.
Speaker 4 (05:06):
In the world to stop that, but you're not going
to stop it.
Speaker 9 (05:08):
It's going to happen.
Speaker 5 (05:09):
And where do people like that go to share the
big line?
Speaker 7 (05:13):
Mega media?
Speaker 5 (05:14):
I wish in my soul, I wish that any of
these people had a conscience.
Speaker 10 (05:20):
Ask yourself, what is my task and what is my purpose.
Speaker 4 (05:23):
If that answer is to save my country, this country
will be saved.
Speaker 8 (05:30):
War Room, use your host.
Speaker 7 (05:32):
Stephen came back.
Speaker 10 (05:38):
Friday, fourteenth March year of Our Lord, twenty twenty five.
It's going to be another crazy Friday. President will be
sending the executive orders at about one o'clock at the
White House. At round one o'clock someday in this afternoon,
the official surrender of the Democratic Party will take place
(05:58):
in the Senate as a vote to continue on President
Trump's government without a fight. And then President Trump Donald
John Trump, the forty seventh President United States, by the way,
who is chief executive officer of the United States Government.
He's Commander in chief of the Uniform Military Services, and
he's also Chief Magistrate and Chief Law Enforcement Officer. In
(06:21):
that third role of Chief Magistrate and Chief Law Enforcement Officer.
He will head to the Justice Department today for a
for remarks, maybe a little Q and a as Pam Bonnie,
I think Cash will Tell will be there. We got
so much going on, and so the Democratic Party is
in a total meltdown. They've been trying to go on
(06:41):
offense by going into these red districts to get this
big plan of how to do it. Also, they're engaging.
They're engaging right wingers in media more than ever. The
people that lost so badly for them and meltdown about that.
And just in the middle of this, and they're getting
really I think, pretty significant legal victories at least with
(07:04):
these radical lower court justices. But in the middle of
this Schumer excuse, Schumer is surrendering today and that has
caused a complete and total meltdown the House to a
press except for Jerry Golden up in Maine two, which
is really a Republican district in Maine two voted to
(07:27):
voted to shut the government down, and Schumer, I think
is constructed to get eight Democratic votes. I would say
Fetterman plus seven or himself, he and Fetterman plus five
or plus six to get to the eight a full surrender,
and that's really put a chop block of any momentum
the Democrats that thought they had. So we're going to
(07:49):
get into all of this. The geopolitic ticks up at
the capital markets. The economy economic part of it golds
over three thousand this morning. Stock market up a little
bit at the open. Let's go ahead and play. We've
got Besson's comments with Boyle, We've got some swatting victims.
One of the things they're doing. They're getting much nastier
(08:09):
on threats. Everyone I know is getting threats, death threats,
of the threats, swatting, they're trying to suicide by cop.
We're going to get to all of that. But I
got the great Mike Davis. I haven't opened for Mike
Davis because right now, of all the fights you see
on the legislative side, they're surrendering. They ain't surrendering in
the courts, and they're getting some traction because of radical justices.
(08:33):
These frontline federal judges are also playing the role of
the prosecuting the case against the government against President Trump.
Speaker 9 (08:43):
Let's ahead and play bringing Mike Davis all right.
Speaker 11 (08:45):
Update, As we reported at the top of the show,
federal judge in California today issued a blistering ruling from
the bench in which he ordered the Trump administration to
rehire thousands of people they had fired from the federal
government USDA, Department, Energy Department, Department of the Interior, the Treasury,
and the VA.
Speaker 8 (09:04):
Well, I got two updates.
Speaker 11 (09:05):
For you because tonight, just as we are coming on
the air, the plaintiffs in that case, the California federal case,
the plaintiffs are the union representing government workers. Plaintiffs went
back to that same judge in California and essentially said,
thank you for this ruling today, your honor, can you
please make it so it applies to even more agencies.
They have now formally asked the judge to expand that
(09:28):
order today to also order the reinstatement of fired employees
at the Commerce Department, Education Department, Health and Human Services,
Homeland Security, Housing and Urban Development, the Justice Department, Department
of Transportation, the EPA, NASA, the National Science Foundation, and
the Small Business Administration. Update one, here's update two. Just
(09:48):
minutes after those plaintiffs asked the California federal judge to
expand his ruling and order even more agencies to rehire
even more people, a second federal judge across the in
Maryland issued a ruling and an entirely separate case, ordering
the federal government also to rehire thousands of fired federal employees.
(10:11):
This federal judge in Maryland tonight has just ordered that
thousands of fired probationary employees must now be reinstated at
ready for the list Department of Agriculture, Department of Commerce,
Department of Defense, Department of Education, Department of Energy, Health
and Human Services, Homeland Security, Housing and Urban Development, Department
of the Interior, Department of Labor, Department of Transportation, the
(10:35):
Treasury Department, va USAID, the Consumer Financial Protection Bureau, the EPA,
the FDIC, the General Services Administration, the Office of Personnel Management,
the Small Business Administration, and the National Archives and Records Administration.
All of them reinstate all of your fired probationary employees.
Speaker 10 (10:55):
And if it seems like there's.
Speaker 11 (10:56):
Overlap between the list in those two cases are correct.
As of tonight, just in today's news, we've got overlapping
federal rulings ordering the immediate reinstatement of thousands of employees
at multiple federal agencies. I'll tell you, the Maryland judge
writes in this new order, that's just out tonight quote.
(11:17):
The law is clear that when dismissing an employee due
to unsatisfactory performance, the employer must honestly be dissatisfied with
the probationer's conduct or performance after giving him a fair
trial on the job. Again, two federal judges tonight with
equally sweeping rulings, both in the same direction, both telling Trump,
(11:40):
when you fired those people, you had no right give
them back their jobs.
Speaker 10 (11:46):
Okay, Mike Davis joins, Mike, it's more than just. If
you think of the the obligations and duties of an executive,
one is the hiring and firing people, downsizing or in increasing,
also about where money goes at these first level across
(12:06):
the nation, like in San Francisco or in Maryland. They're
also issuing injunctions for the entire country. And it's on
everything President Trump's doing. It's just not personnel, which they're
really ramping up, but it is also restricting payments, I mean,
essentially doing an executive does. Can you give us a
tour the horizon of where we stand now? Because last
(12:27):
night on the shows, they didn't want to talk about
Chuck Schumer. Chuck Schumer was the third or fourth story
they got to. The first story all night long was
their wins in federal court.
Speaker 12 (12:37):
Sir, again, the American people gave President Trump a broad
electoral mandate to cut waste, fraud, and abuse, to make
our governments work for us instead of us working for
our government. And President Trump is doing that. That's the
unthinkable in Washington. He's actually doing what he promised American
(12:58):
voters he would do.
Speaker 8 (12:59):
That includes getting rid of.
Speaker 12 (13:02):
These federal employees who do not provide value, These probationary
employees who the Biten administration fire hired over the last
year or two. The Trump administration made a determination on
an individualized basis through these agency heads that these probationary
employees are no longer useful. So they got a pink
(13:25):
slip and got sent packing as they should.
Speaker 8 (13:28):
Have all these Biden hires, right.
Speaker 12 (13:30):
And what they're doing is they have these plaintiffs, these unions,
and these left wing activists running to these left wing
activist judges, and they're getting illegal, unconstitutional.
Speaker 8 (13:41):
Orders from these activist judges.
Speaker 12 (13:43):
These activist judges are trying to tell the President of
the United States that he does not have power under
Article two of the Constitution, the executive power. The power
is the chief of the Chief executive officer, as the
commander in chief, to hire and fire employees in voting
overseas foreign service officers, including telling the president what you
(14:06):
can do for military readiness and morale. This is unacceptable
what these activist judges are doing. If these fired employees
want to get redress, they go to the merit system's
protection board and they can get monetary damages.
Speaker 8 (14:24):
But for an activist judge. Two activist judges now saying that.
Speaker 12 (14:28):
The President of the United States has to rehire fired
executive branch workers against his will violates Article two of
the Constitution. It violates federal statute. These judges don't have
the power.
Speaker 2 (14:42):
To do this.
Speaker 10 (14:44):
Mike, hang on from one second, holding to the break
the Mike Davis, the Viceroy joins us live to engage
in the judicial insurrection against President Trump in America.
Speaker 7 (14:59):
Use who Stephen came?
Speaker 9 (15:07):
Welcome back?
Speaker 10 (15:08):
If you notice in that first in the cold open,
Mike Davis, the principal reason that Schumer gave for keeping
the government open, for his basic surrender today is because
he feared we would shut down the courts.
Speaker 9 (15:26):
And he says, this.
Speaker 10 (15:27):
Is the way we're winning. Right now, you give your
overall assessment, because this is where and all their other failures,
this is the one place they've got in traction, sir.
Speaker 12 (15:39):
It's you how illegal and unconstitutional this strategy is. The
American people elected President Trump. They gave him a comfortable
majority in the United States Senate, and they gave him
another Republican House. The American people gave President Trump a
broad electoral mandate and these Democrats know they're not going
to win in the House. So long as the House
(16:02):
sticks together, they're not going to win in the Senate,
and so they have to run to their activist judges
in the courts.
Speaker 8 (16:08):
They're judicial saboteurs.
Speaker 12 (16:10):
And remember this, a federal judges job is a modest
but crucial job. They decide cases and controversies before them,
with parties before them, with redressable claims. The courts find facts,
then they apply the law to those facts. Then they
order a remedy permitted by the law, and that's it.
(16:31):
Judges wear robes, they don't wear capes. They don't set
national policy. They don't certainly don't set foreign policy. They're
not the HR departments for another branch. They can't tell
the presidents but who he can hire and fire.
Speaker 10 (16:48):
Okay, but here's what I don't Here's what I'm I'm
confused about. Confused the president chief executive, why are we
doing these backflips so that the probationary guys didn't live
up to the probation didn't get into the argument individual
doesn't the chief executive have the ability to say, Hey,
(17:08):
we're going to downsize this company, a country government, and
you know X amount of people we're going to start
with the probationary because they don't even officially have jobs yet.
And if there's eighty thousand probationary period of people, I
thought that I heard they might be up to one
hundred and fifty thousand. That guys were just not since
we're going to be cutting other people later in a
(17:29):
series of riffs that the ones that don't have long
term jobs, haven't even qualified, that are still in probation.
No matter how you're doing, you could be a superstar.
We're just downsizing and downsizing. You know, we're not going
through and making evaluations here, Correct me if I'm wrong.
We're getting into a debate in the court in San
Francisco about who performed who didn't perform. I mean that's
(17:53):
why the judge went crazy yesterday because our response looked
a little you know, slapped together. Have done the chief
executive he just had the right to say, hey, just
like he has the right to say what you're going
to argue on the impowments. Guess what, I'm not going
to spend the money right that was the appropriations is
a ceiling and you know I'm going to reprogram this
(18:17):
or I'm going to I don't think it's you know,
we need to save money. Doge has identified this as
waste for an abuse. Yes, we put out a cr
that Schumer agreed to, but we're not going to finance
waste for an abuse.
Speaker 9 (18:32):
So I'm cutting that.
Speaker 10 (18:33):
And by the way, I'm gonna start with one hundred
and fifty thousand probation ampairs. Why are we falling into
a trap of trying to say these people are good,
these people are not good. This guy would would come
to the office. This guy wouldn't come to the office, sir.
Speaker 8 (18:46):
Yeah.
Speaker 12 (18:46):
Congress certainly has the power to set up officers of
the United States by statute. Congress certainly has the power
of the purse. But the executive power under Article two
of the Constitution belongs to the press and the President alone.
He's the chief executive officer. He's the commander in chief.
He can hire people, he can fire people. And if
(19:08):
you have statutes or regulations or court rulings that say
that the presidents cannot fire executive branch workers or he
has to rehire them against his will, those statutes, those regulations,
those lower court rulings are unconstitutional. Under Article two of
(19:30):
the Constitution periods full stop.
Speaker 9 (19:37):
Correct me if I'm wrong. Look, this is your line
of country.
Speaker 10 (19:39):
It's one of the reasons the war and posse revers
the Vice roaring White, President Trump and others in the
administration and listen to your advice. It seems to me
given some of these kind of arguments, both on the
money and the personnel, and this is the way we
deconstruct the administrative state. And seeing the ferocity of these
(20:00):
radical neo Marxist judges across from DC to Maryland of
San francois I mean across the country in these in
these radical jurisdictions. That and knowing the Supreme Court as
at least I know him as a civilian, I don't
see this getting rectified or sorted immediately. In other words,
I don't see this running up the chain of command.
(20:22):
And next week we have some clarity. I think we're
in a fight now. Am I wrong in that? Or
are you and the legal geniuses saying no, this is
a strategy and we've got a path to get up
there and take essentially take these shackles off the office
of the President and doing essentially a restructuring of the
American government, Sir.
Speaker 12 (20:45):
I would advise and I have advised the President's legal
team to continue to charge forward because, uh, the presidency
is at stake, Our country is at stake. Right if
President Trump would have lost this election, everyone knows we
would have lost our country. These Democrats are not liberals
who love America. Today's Democrats to many of them are
(21:07):
Marxists who are trying to destroy America. And they have
their judicial saboteurs on the bench, these new Biden and
Obama judges who are radical leftists, like Judge Ali in DC,
who is still a Canadian citizen who's ordering the president
to send two billion dollars in foreign aid to who
(21:29):
knows where Hamas Terris maybe waste, Fronden abuse certainly, and
you have a judge who thinks he can do this,
And I would say this, these activist judges are destroying
the legitimacy, their own legitimacy by sabotaging the presidency. They
are playing a very destructive game, the most destructive game imaginable.
(21:51):
And the Chief Justice needs to understand this. He needs
to step up, He needs to stop this, because when
the judiciary loses its legitimacy, the judiciary loses everything.
Speaker 8 (22:06):
Look, look what.
Speaker 12 (22:07):
At Andrew Jackson did. You cannot enforce your own orders.
You need to rely on your legitimacy to get the executive.
Speaker 8 (22:15):
Branch in Congress to go along with your orders.
Speaker 12 (22:17):
Are you going to send your law clerks and secretaries
to enforce your orders? They need to get the fact
that these activist judges rained in.
Speaker 8 (22:28):
These are activist radical judges.
Speaker 12 (22:30):
They are acting illegally, they are acting unconstitutionally, and there
is going to be a severe political revolt against the
judiciary they if the Chief Justice does not get these
activist judges in line and in line fast.
Speaker 10 (22:49):
Mike Davis, thank you very much. I think we're trying
to get through your good offices. We're trying to get
John you on today. I appreciate your help on that. Also,
give a shout out, was it, Gail Slater? Many of
the neo Brandeisians are now getting in place, and so
the really the anti trust and the take on big
(23:09):
tech that you have pioneered for many many years.
Speaker 9 (23:14):
Are coming in. You want to give a shout out.
Speaker 8 (23:16):
Yeah, absolutely.
Speaker 12 (23:17):
I know the Viceroy is highly partisan, but one area
where Steve Bannon and the Viceroy are not partisan.
Speaker 8 (23:25):
Is on anti trust.
Speaker 12 (23:26):
We are working with people like Andrew Ferguson, the FTC chair,
Lena Kahn, a Democrat appointee at the FTC. Gail Slater
is our friend Bannon's neighbor, who is the new anti
trust chief at the Justice Department. She's one of my
best friends in Washington. Mark Metter is going through the
process now. President Trump has assembled the Anti trust Dream Team.
(23:51):
There is a bipartisan anti trust renaissance to hold these
big tech monopolists and other monopolist accountable. And so we
have free and fair markets and we that is good
for That is good for small businesses, that is good
for consumers.
Speaker 8 (24:09):
So congrats to our good friend Gail Slater.
Speaker 10 (24:13):
She just started, Yeah, Mike, Article three, Where do people go?
Speaker 12 (24:18):
Article three? Project dot org? Article number three, Project dot org.
You can donate there. You could follow us on social media.
The most important thing the POSSE does is take action, action, action, action.
Speaker 10 (24:31):
Thank you, Steve, thank you, thank you brother speaking action.
We're going to go to the White House to the sticks.
Speaker 13 (24:37):
Caroline Lovett live with us, who said that only because
of President Trump are we here on the verge of
brokering a piece deal.
Speaker 10 (24:47):
Did the President talked to President Trump last night and
the president President Trump talked to President sorry, President Trump
last night.
Speaker 13 (24:55):
He did not know Steve Woodkoff spoke to him yesterday
in Moscow, as you know.
Speaker 6 (24:58):
Has a president.
Speaker 8 (24:59):
Spoken with the new the incoming Canadian prime minister at
all this week?
Speaker 4 (25:03):
I overally this because they had it yet spoken.
Speaker 8 (25:05):
For given everything that's going on. Yeah, it's really the
United States and Canada.
Speaker 13 (25:08):
Have they spoken to my knowledge, they have not spoken.
When they do, we can provide a readout of that call.
Speaker 14 (25:12):
The New York.
Speaker 3 (25:12):
Governor meeting a hopefully smitty with cousin.
Speaker 13 (25:15):
Yeah, I believe it's still ongoing or it wrapped when
I came out here. But you know, the governor was
here to talk about the pipeline that President Trump is
very determined to get past in the New England and
New York area. And so you know, that's as far
as I know about the conversation, but I can get
an update on it.
Speaker 15 (25:35):
Rulings about all the fire probationionary workers use the same language.
Speaker 7 (25:38):
You're just kind of was in a statement about fighting
back against everyone. Do you mean appealing or something else?
Speaker 5 (25:43):
And does the administration plan to comply with those orders.
Speaker 13 (25:46):
In the meantime, fighting back by appealing, fighting back by
using the full weight of the White House Counsel's Office
and our lawyers at the federal government, who believe that
this injunction is entirely unconstitutional, and it is for anybody
who has a base understanding of the law. You cannot
have a low level district court judge filing an injunction
to usurp the executive authority of the President of the
(26:08):
United States. That is completely absurd. And as the executive
of the executive branch, the president has the ability to
fire or hire, and you have these lower level judges
who are trying to block this president's agenda. It's very clear,
and as I just cited, I was appalled by the
statistic when I saw it this morning. In three or
(26:29):
in one month in February, there have been fifteen injunctions
of this administration in our agenda. In three years under
the Biden administration, there were fourteen injunctions. So it's very
clear that there are judicial activists throughout our judicial branch
who are trying to block this president's executive authority. We
are going to fight back, and as anyone who saw
(26:50):
President Trump in his legal team fighting back, they know
how to do it. He was indicted nearly two hundred
times and he's in the Oval office now because all
of the indictments, all of these in junction have always
been on constitutional and unfair. They are led by partisan
activists who are trying to usurp the will of this president,
and we're not going to stand for it. Thanks, you
(27:11):
might want to hear that.
Speaker 10 (27:12):
Correcting terrigory. Okay, gosh, I hate, I hate to say
that we're totally in sync with the White House.
Speaker 9 (27:23):
Of what the news of the day are. But you
heard Caroline love It. Look, this is big.
Speaker 10 (27:27):
Chuck Schumer is going to essentially uh accede to and
sign a surrendered document today in the early afternoon. The
Democratic Party is completely and totally in meltdown over this
the where they are getting some traction and I just
want people now to to My current thinking is the
following is that this is going to grind through.
Speaker 9 (27:52):
This is going to take a while. You're going to
see this fight go on and knowing.
Speaker 10 (27:56):
The because as Mike Davis, it's also it's the all,
but it's also politics when It is the higher up
you go, the more the intense politics and now the
radical nature of the judiciary. This is why the confirmation
of these judges is so important. This is why I
remember on the night of the election, when we were
sitting there starting to celebrate, we did say, hey, folks,
we got to go to work.
Speaker 9 (28:17):
The next day.
Speaker 10 (28:18):
After November fifth, why Elizabeth Warren put the clarion call
out to Schumer and said, you hadn't done a good
enough job. We just lost the Senate. We have what
eight weeks before Trump's people are here, or actually less
than that to the new Senate, I think January third.
And she said, we have to go approve all those judges.
And look at the judges they jammed through at the
(28:39):
last second. And what do you get. You get to
check ins, you get to barrow Borough House, you get
to judge out in San Francisco eighty years old. I
think he's been there fifty years? Did you say the
other day forty some years? This fight in the courts
is and you can see the radical nature. You can
(28:59):
also say, see the vitriol against President Trump in his administration.
I mean they're coming in, they're just they couldn't be
more vicious. So that's where we had Mike. We're gonna
have John U, the Great. John U is going to
join us hopefully about eleven o'clock. John U is one
of the great legal thinkers on our side of the football.
(29:20):
He's doing some incredible pieces at Fox and you're also
at a piece at Civitas that laid this entire construct out,
and we want to get him because ideas have consequence. Also,
Julie Kelly's going to join us tonight on what's happening
today in the courts. I will tell you on the
two basic things, and this is both doja's waste for
(29:41):
aud and abuse, but it's also going to get into
this whole programmatic cuts. It's going to get into impowerment,
it's going to get into recisions. He's going to get
into when we've got to cut to the We have
to cut to the bone here because we can't afford
paying for this anymore. Not just intruding in your personal
life and your and your professional life, but you just
can't and afford it's not sustainable. They're going to use
(30:02):
the courts to try to fight this. The legislative side
essentially surrenders today, the activist side, and they're going into
red districts. You know, Bernie Sanders and Waltz, and Waltz
is predicting his presidential campaign in twenty eight on this. Bernie,
I think, is feeling the juice. He's drawn some big crowds.
You just have to face facts. I don't think these
(30:25):
Republicans should be canceling these town halls.
Speaker 9 (30:29):
I think they ought to have security.
Speaker 10 (30:30):
And if people get out of control and start yelling, screaming,
these these paid democratic activists or even have democratic people,
you got to tell people he calmed down or I
answer your question. But it seems to me that maga's
got to show up to these town halls. You shouldn't
back off them and make the case, make President Trump's case.
The case is very straightforward. The case for waste fard
abuse is very straightforward, and it has to happen. Caroline
(30:52):
Levitt was there. You saw Scott Bessant, the Secretary Treasury
at the White House, that he was in the background.
I would hope he would come to the stick. We
can't get enough of Scott Besset do we have. Matt
Boyle did an incredible job from the Salmon Chase room
last night when they did the interview. We've got the
(31:13):
first clip up. Let's go ahead and play that. I'll jump.
Is it ready to go? Let's go ahead and play it.
Speaker 14 (31:22):
You gave a massive address recently in the New York
Economic Club. In it, you laid out your plan to
what you call reprivatize the American economy. We saw there
in the previous administration pretty big reliance for economic growth
on government spending. You think that's not the answer. Walk
us through, how do we reprivatize the economy?
Speaker 2 (31:41):
What does that mean?
Speaker 10 (31:42):
Explain that for us?
Speaker 7 (31:43):
Sure.
Speaker 15 (31:43):
So one of the reasons I came out from behind
my desk and as President Trump if I could join
the campaign then when he asked me to be in
the cabinet, was because I was so alarmed by this
high level of government spending. We've never seen anything like
this highest level ever when we weren't in a war
or in a recession. So the Biden administration relied on
(32:06):
this blowout spending.
Speaker 7 (32:07):
Back to the mainstream media.
Speaker 15 (32:09):
No one criticized it when they were doing it, because
it was for the great and the good. It was
for green programs, it was for this, it was for
overseas engagement. Now what we're trying to do is do
a course correction where we bring down the government, we
de leverage the government and relever the private sector.
Speaker 7 (32:31):
And we're going to do that by cutting.
Speaker 15 (32:33):
Spending, the lowering interest we'll get a natural lowering of
interest rates.
Speaker 7 (32:40):
And then on the.
Speaker 15 (32:41):
Other side, as we relever the private sector, were we
planned to deregulate the banking system, which was one of
the things I talked about at the Economic Club of
New York last week. So as we allow the banking
as we unshackle the regulated banking system, they can lead,
they can lend to the private sector, and especially Main
(33:06):
Street which has been overlooked, so small regional banks, small banks,
community banks, and so as the government comes down, the
private sectoral go up.
Speaker 7 (33:16):
Government will shed access.
Speaker 15 (33:18):
Labor, and there's plenty of it, and then the private
sector will pick it up.
Speaker 14 (33:22):
If you listen to the establishment media talk about this,
they will say that the shifts that we're talking about
here from government dependency to a private sector for economic
growth may cause a recession. That you see that term
out there all the time. I would imagine you disagree.
Can you explain that for us.
Speaker 7 (33:43):
Well, I disagree.
Speaker 15 (33:45):
This does not have to cause a recession because look,
and again back to your point on fact based analysis
that for my thirty five years from my investment career,
I was able to kind of not listen to the
noise adhere to the facts. And I can tell you
the facts are. I've met with several large bank executives
(34:08):
and payment processors this week. The American consumers in great
shape their spending.
Speaker 7 (34:16):
Met with one of the.
Speaker 15 (34:17):
Five largest bank CEOs today he said that small medium
manufacturing in the Midwest, they've seen a tickup in loan volume.
So I disagree with this, And where are all these
people when the Biden administration was blowing out the deficit,
like we could have come in. It would have been
(34:37):
easy to come in, keep up these horrendous spending levels,
and maybe we could have kept it going for year,
two years, maybe even four years, and left the next
president and his administration the American people with this problem
or it could just blow.
Speaker 7 (34:53):
Up at any time.
Speaker 15 (34:54):
So we are laser focused on getting this deficit under control.
Speaker 7 (35:00):
And then growing the economy.
Speaker 10 (35:03):
I'm so proud of these guys. We're gonna have so
Scott bessen't there. And then John Yu when he comes
on these structural, massive problems with the government right there,
and I think we got to see NBC clip I
may call for here in a moment of Scott Bessant,
he said, hey, we could have continued on. You know
this massive deficit spending. Now what it would have done.
(35:24):
It would have embedded inflation more into the system. But
at some point in time he just had because we've
kicked the can down the road. We haven't made the
tough decisions. You just keep going and going going. They
could have Trump could have done it Beston could have
done it. They said they're not going to do it.
President Trump's transformational. This is why he's talking about hemispheric defense.
(35:50):
This is why, uh, this is why he's engaged in
stopping the kinetic part of the Third World War in
the Aurasian land mass. And just they put it a
true social A moment ago, the said he's basically having
conversations with Putin and making progress. John Hugh is going
to be here in a moment saying, hey, this whole
thing had gotten so far out of control, with the
(36:11):
Justice Department being so radicalized from the time of Richard Nixon.
And what President Trump's trying to do is end you know,
and and the sins of the cure quote unquote for Wartergate.
He's trying to stop the addiction to massive federal spending.
(36:32):
He's trying to stop the addiction to the war machine.
He's trying to detox detox. And somebody said, well, Scott
should to use that word. I absolutely should use that word,
because that's the if you if you tell the truth
to the American people and you're authentic, and they see
that you're going to fight for their interests and explain
(36:52):
to him, hey, folks, this is what we're trying to accomplish.
The American people will have your back. That's where they
had Trump's back in the election. Remember all the guys
running around now and they're going to hey, you know,
you got Mike Allen. They're all trying to come to
talk to right wing media because they understand we've outworked them,
out hustled them, and built these kind of networks out
(37:13):
of nothing, out of zero no capital, just basically content.
President Trump is not here to do normal things. That's
where every day it's so amazing what he's doing at
so many different levels. Last night. They had a couple
of things they put out yesterday. Pete Hexas has put
together a couple of military options for the Panama Canal.
(37:37):
As you should. President Trump already got Larry Fink and
black Rock. Well, I'm not huge fans of, but they're
kind of guys can write a twenty five billion Donald check.
And they wrote a twenty five billion Donald check to
buy out Hutchison Wampoa, the Chinese company of the Hong
Kong company that manages the docks and the stevedores, everything
down to the Panama Canal. The first step to taking
(37:59):
it back. Now it's in American hands, the operational part
of it, not all of the not all of the
parts of the canal are still on some parts of
the Pandomanium government. But that's all going to be quickly
ceded to the United States. And President Trump's looking at
a couple of three military options. He still get military
options against the cartels. We were going to have Tom
(38:21):
Dance on this morning about Greenland. There's a technical issure.
We're to get Tom tonight or tomorrow. But you know,
he's thinking through his whole thing of Greenland. Everything he's
doing is massive they just leaked last night. They're coming
forward with the Aliens Act of seventeen ninety eight to
expedite getting rid of the illegal aliens in the country.
(38:45):
The Aliens Act of seventeen ninety eight. They're gonna they're gonna,
you know, they're gonna dust that off and say, bang,
we're doing this today. President Trump's gonna be sending more
executive orders. Everything is ignoral with this, They're not They're
not playing on the margins. This is deep and the
fight's deep. This is why about the courts, and we're
(39:06):
gonna have you on. And you see right there with
Scott Besson. Do we have the CNBC clip? Let me
play the seat?
Speaker 9 (39:13):
How many long? Is it just a couple of minutes?
Speaker 10 (39:15):
Yeah, let's go and play the CNBC clip. I'll coming
This is consistent. This is one I think is great
coming out of Treasury Scott Besson as a capital markets guy,
he's laying out we're cutting spending, We're gonna deconstruct this government.
We're gonna get the size down. We're also gonna get
to spending down the Pentagon and other places. They could
have taken the easy road, right, they're taking the narrow
(39:37):
path while they taking the narrow path. The country has
to have it or we're finished. I kept saying that
one in the middle about the finances. If you just
keep going, that's existential, You're you're you're done, You're toast.
They're not going to do it. They're attacking this full on.
Let's go and play it.
Speaker 15 (39:54):
You know, when you say that we're in a when
we're in a period of detox, use that word.
Speaker 13 (39:58):
On CNBC last Is that an euphemism for recession?
Speaker 8 (40:03):
Not at all.
Speaker 15 (40:04):
Doesn't have to be, because it'll depend on how quickly
the baton gets handed off. Our goal is to have
a smooth transition. But I tell you, Sarah, the easy thing,
the easy thing for us to have done, would have
been to come in and just keep this massive spending
level going. And it's unsustainable. But could we have kept
(40:26):
it going for a year? Two years, maybe even four? Maybe?
But you're risking a financial calamity. So you know, we
are trying to get this tax bill done. We are
the controlling expenses. And when we get the tax bill done,
So if you can change the trajectory, up revenues up
economic growth, hold expenses flat, or do they unthinkable and
(40:49):
cut expenses. Then that's a pretty good trajectory on growth.
And if we go back to the model in the nineties,
that's exactly what happened. We'd see interest rates come down,
we'd see the private sector take up the slack from
the government because right now we have excess employment in
the government, and that the of those people can be
(41:12):
moved to the private sector.
Speaker 10 (41:16):
Move them to the private sector, downsizing, cutting spenses, and
the courts have coming vaccinating you can't do that. You
can't do that. You can't you can't cut the federal government,
you can't cut the bureaucracy.
Speaker 9 (41:26):
You can't do it.
Speaker 10 (41:28):
They're fighting, and this is going to go all the
way up, and I think it's going to take a while.
I don't see this getting expedited really overall, because they're
going to keep coming. I think you have to bundlet
into one thing. We'll ask John you this. You have
to bundlet and have an overall decision here, because you
know you're going to go one of these radical sectors
like DC to lose it the appell court and you
(41:50):
have to go to the Supreme Court or right ever
side loses is going to continue on. So this is
going to be as Treasury and O and B are
trying to do their jobs. You've got, you know, these
unions and all these radicals, and you see them cheered
on by MSNBC. What did Schumer say, don't miss the
signal for the noise the final decision they made in
(42:14):
keeping the government open. Their fear is that if they
shut the government down, President Trump could do something of
the courts and slow down. And they admit it. That's
the only place they're getting victories right now. This is
going to get tougher and tougher. I tell you also,
behind the scenes the polling, it's getting a little dicey one.
(42:37):
I think it's just not being message one hundred percent appropriately.
That's why I'm glad bessens more engage, hope for us
Volk gets engaged.
Speaker 9 (42:44):
I think I'm glad Caroline came out today.
Speaker 10 (42:47):
I think the White House staff is doing a is
doing a fantastic job here.
Speaker 9 (42:52):
We want to see more.
Speaker 10 (42:53):
I think you have more financial I would also make
a recommendation, you know, maybe Howard ought to spend a
little more time at common, maybe a little less time
in the TV studio, a little bit of that goes
a long way, if you know what I mean. We've
got to kind of get on a point here. Speaking
of getting on point, goals through three thousand, We've told
(43:13):
you this for years. It's it's understanding pattern recognition. We're
here to give you access to information so that you
understand it.
Speaker 9 (43:22):
You have a mental map, right. Somebody does not tell you, oh.
Speaker 10 (43:25):
It's goals. Understand why, understand why you do that. You
will change your life. You will. That's one of the
reasons we're so proud and the teams so committed to
the show.
Speaker 9 (43:34):
We see how it's energized people.
Speaker 10 (43:36):
Use your agency, take your phone out, text banning at
nine eight nine eight nine eight. Get the ultimate guide
for purchasing gold in the Era of Trump. Even if
you don't have the reason I don't want to purchase gold,
learn about it. Learn about it and talk to Philip
Patrick and the team short break back in a moment.
Speaker 7 (43:59):
Your host Stephen.
Speaker 10 (44:01):
K Two things. I want to go to Birch Gold
dot Com Into the Dollar Empire, Birch Gold dot Com,
slash Band, Into the Dollar Empire, Modern Monetary Theory, the
six free installment. Also Rickards Warroom dot Com. You get
access to strategic intelligence, and he offers up as a
(44:25):
bonus a free book. Was it Money and Chad gpt
about currency, capital markets and AI.
Speaker 9 (44:35):
There's a story of business insight. I said this day
was coming.
Speaker 10 (44:37):
There's a new one of the hottest companies in programming
of coding. Essentially said that the CEO, I'll have this
this afternoon to talk about. CEO made a statement. He
says he thinks all of his coding and his company,
all of it will be done by artificial intelligence. They'll
(44:58):
have some managers managing all be done by artificial intelligence
within this year, within this year. See go to ricordswarroom
dot com slash Bannon get you go there and you
know only get access to strategic intelligence, you also get
the new book about money and artificial intelligence, records the
(45:22):
Chinese curse to live in interesting times. Sir, we're doing it.
Give me. I want to know first. I want to
pull back the camera and talk to you about the
quote unquote tariffs, trade war, how that's affecting the market.
Impacting the market and obviously, as you're called, shot to
the rise of goals over three thousand a day, Jim
reckards the floor is your sir, sure, well.
Speaker 4 (45:44):
I love the fact that every reporter in Washington, or
lobbyist or whatever is suddenly an expert on tariff's. We
haven't heard much about them for a long time, but
now that's all you hear. The fact is, most mainstream
economists don't understand tariffs. There are few who do, Michael Pettison,
a few others, and I've spent a lot of time
on the topic. As we've said before, tarrists were how
(46:07):
the United States grew From seventeen ninety Alexander Hamilton until
nineteen sixty two, when Kennedy signed the Trade Acts of
nineteen sixty two, the US always had tariffs again. John Quincy, Adams,
Abraham Lincoln, William McKinley, Coolidge, Eisenhower, they all supported tariffs.
The income tax didn't even come in until nineteen thirteen.
(46:30):
How do we finance the Civil War, the Spanish American
War and all the growth, etc. So terrorists makes sense.
They basically say to the world, Hey, you can sell
whatever you want to Americans, no problem, but you have
to build it here, you have to invest here, you
have to hire Americans. Creates high paying jobs that in
turn drives consumption of the good sort, and not with depth,
(46:51):
but with the fact that people can afford things and
the economy growth so plus you get an awful lot
of revenue from it. And all these budget projections you
hear about are not really taking into account the at
least tens, perhaps hundreds of billions of dollars that will
actually get from the tariffs. So so Trump has that right.
It's not some radical new idea. It was an idea
(47:11):
that was around for you know, one hundred and fifty years,
but it was just sort of abandoned in the during
the edge of globalization slightly before so, but the biggest,
the biggest canarcy were the biggest misunderstanding. The Democrats started
this in the twenty twenty four campaign, but it kind
of clought on unfortunately. They said tariffs are a sales
tax on the American people. You buy goods and if
(47:34):
you put a ten or twenty percent tariff on it,
that's like a twenty percent sales tax. Well, everyone hates
sales tax. I live in New Hampshire, we don't have any,
but most places do. That's not true. And here's mark.
There are three parties, at least three, maybe more, but
there at least three parties to a tariff related transaction.
There's the producer. The exporter could be in China, Vietnam
(47:56):
or Malaysia. There's the importer in the United States, which
is a district or a wholesale or some sort. And
then there's the consumer. You might have more metal men,
but those three parties. So this idea that this gets
laid off on the consumer is absolutely not true. If
you thought if Walmart and best Buy and Cohle's and
everyone else thought that they could raise prices to consumers,
(48:18):
they would do it anyway. You don't need a tariff
to raise prices. They would just raise prices. Why don't
they because they can't because the consumer can't pay more,
because the consumers tapped out, credit lines are usedup, etc.
There's a lot of what's called inelasticity, sorry elasticity. At
that level, people will substitute other goods, get hamburger instead
of steak or whatever. The only exception is guessline, because
(48:40):
you absolutely need that. So who actually pays the tariff, Well,
the importer writes to check. The importer who takes it
off the container ship at the port of la writes
the check to the Treasury for the tariff, but who
bears the economic costs? A lot of it gets pushed
back to the producer. The importer calls China or Vietnam
or Malaysia's the casement bans. Look, you've got to lower
(49:00):
your prices because lower prices with the tariff comes out
about where we were. But this is coming out of
your profits in your margin. Or the importer can bear
part of it again, same result, lower revenues, lower margins,
or they can split it. That's just an economic decision.
But the point is either the producer or the importer
(49:21):
or both bear the taraff the consumer does not, because
the consumers campaign anymore anyway, So that whole sales text
idea is just a complete myth. It's not true, and
that's why it's not inflationary. Trump put a lot of
tariffs on in twenty eighteen. We didn't have inflation, no
significant amount of inflation.
Speaker 10 (49:38):
Then go back to hang hold full stop hit rewind
on that we got to hammer this point every day.
President Trump put the highest terriftsor everhead on the Chinese
Commings party in eighteen and in eighteen and nineteen, absolutely
no price inflation at all of the Tranese goods. Am
I correcting that, Jim records. You might correction that gym Rekerd.
(50:00):
It shows that it's a lie. This canard they do
every day and nobody refutes it. You got Spencer Morrison,
Peter Navarre, you got Jim Rickerds. You got three or
four guys, and we ought to be out every day.
I've told Treasure and Whales is we have to have
the first team out there tearing apart the lies that
they're putting out about terrorists.
Speaker 9 (50:19):
Right now, sir, there is.
Speaker 4 (50:21):
No economic evidence the tariff's cause inflation. In fact, the
example we just gave a twenty eighteen Trump piled on
tariffs and there was no inflation. The inflation took off
in twenty twenty two under Biden hit nine point one
percent on an annualized basis.
Speaker 10 (50:37):
Spendsployers the kingesy and spending the kingesy and spending spending,
spending Jim Hayer for a second, Rickerds is going to
be with me for most of the second hour. Go
to rickardsworam dot com. You get access to strategic intelligence. Also,
you get a free book on capital markets, currency and
(50:57):
artificial intelligence. Next segment We're gonna end here with the
right stuff. Rickards got it, President Trump's got it. Our
next guest at the top of the hour, John U,
one of the great brains on the legal side the
conservative Movement's going to join us. We're going to talk
about you heard matter last night the court in San
(51:20):
Francisco and Maryland. Mike Davis led it. These fights we
have against these radical neo Marxist judges. John You is
going to say, we're here to end the sins of
the Postwartergate era of what was done at the Justice
Department in the federal bench. Short commercial break, John U
joins us. Next in the Worry
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