February 12, 2025 • 47 mins
Scandals galore across the federal government as the FBI has been accused of leaking an ICE raid to illegal immigrants. Jesse Kelly says, if true, it's time for Pam Bondi to step up and show what she's made of. There is signs of promise for accountability though, as FEMA just terminated officials who sent taxpayer money to illegals for housing. Jesse gets reaction and reporting from Julio Rosas on this, while Ben Weingarten dives into other places your money may be going. Plus, previewing the next inflation report with Carol Roth amidst testimony from Jerome Powell.
I'm Right with Jesse Kelly on The First TV | 2-11-25
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Let's talk about the resistance. We're seeing what's going on.
Do we pay for a terrorist college? We have Carol
Roth joining us, Benjamin Winegarden, who the oros us?
Speaker 2 (00:12):
What a show tonight?
Speaker 1 (00:13):
I'm right. Before we get into the system and the
resistance and all that stuff for two nights in a row,
we sadly have to honor the fallen. We always honor
the fallen who died during training because they are forgotten.
Speaker 2 (00:36):
And now we lost another one.
Speaker 1 (00:37):
The Coastguard seamen Brian k Lee was doing counter drug patrols,
went over the.
Speaker 2 (00:46):
End, went over the side.
Speaker 1 (00:48):
They've been looking for him for one hundred and ninety hours,
finally called off the search. We lost them to the deep.
So rest in peace, warrior prayers for the family. All right,
All right, now, before I get into the specifics about
what's happening and what happened at FEMA, what apparently happened
(01:08):
at the FBI, and everything else, I just want to
recap this so we can discuss.
Speaker 2 (01:13):
Where we are and why we are where we are.
Speaker 1 (01:17):
As we've talked about before, the communist, no matter where
you find him, whether it's the Soviet Union in nineteen thirty,
the two of the United States of America in the
Year of Our Lord twenty twenty five. The communist believes
in force. He believes in forcing his views, forcing.
Speaker 2 (01:36):
His worldview on others.
Speaker 1 (01:37):
He has never been concerned with popularity at all. He'll
take it if he can have it, if you give
it to him, but that has never been his concern.
If you don't agree with what he wants, just just
force it. He'll lie and do whatever he can to
force it. That's what he believes. You must be forced
to conform. Now that brings us to the United States
of America. Communists try for the longest time to get
(02:02):
through in this country, to break through, to really gain
hold of something. But something kept happening to them, you see.
They kept running up against that wall that protects or
destroys your country. Wherever you happen to be, that would
be your institutions. And you can consider your institutions things
like government institutions, religious institutions, corporate institutions, education institutions. The
(02:25):
institutions of a nation are the pillars that hold it up.
Well back in the sixties, when the radicals like the
Weather Underground were chucking nail bombs around and things like
that they weren't getting the communist revolution moving. They couldn't
get a moving in this country. It was frustrating them
to no end. Why because they were slamming into the institutions.
Speaker 2 (02:45):
So what to do? What to do? Well, they went
back to the drawing board.
Speaker 1 (02:50):
And there are a lot of communists like Antonio Gramsci
and others who came up with this. They said, Hey,
if we're running into the institutions, if the institutions of
these countries are stopping the revolution, why don't we just
take them over. It'll be a long, hard, slow slog,
But why don't we march through the institutions. And it
(03:13):
was actually Antonio Gramsci who came up with that, saying,
the long march.
Speaker 2 (03:17):
Through the institutions.
Speaker 1 (03:18):
If you're the weather underground and you're trying to foment
a communist revolution in the United States of America and
the FBI keeps stopping you because you're a dirtball terrorist,
well the solution is not more nail bombs. The solution
is simply take over the FBI. It'll take time, it'll
take effort, but you'll get there. If you're focused on
the other side is lazy and naive well the other side,
(03:41):
US for decades have been lazy and naive, and they
have been marching year after year after year after year.
They have been marching through the institutions, and we, you
and I, we finally got to see the evidence of
what that looks like during the George Floyd protests as
great example, all of a sudden we found out, wait
(04:03):
a minute, even the government doctors want people to riot. Remember,
they wouldn't even tell people to stay. Social distancing doesn't
count if you're protesting. We're all looking around like, wait,
what during COVID what? COVID's actually probably the best example.
If you're like me and you saw the truth very
early on, you sat and watched every single institution in
(04:24):
the country speak with one voice, and it was all
I and you're thinking, you're thinking to yourself, how does
that happen? Well, we were asleep at the wheel, myself included,
for years, and they were marching forward, forward, forward. Now
as it pertains to the government, that was obviously it's
one of, if not the most crucial institutions in the country,
(04:45):
and they've been marching decades.
Speaker 2 (04:47):
They've been marching.
Speaker 1 (04:49):
Roughly three million federal employees and who in large parts
seeks out those positions communists, subversives who intend to go
in there and push the revolution forward. Whether it's a
Republican president a Democrat president, they go to work every
single day with focus, with a mission. They're fighting a revolution.
(05:13):
You mean, we're going to work blissfully unaware that our
own government is working against us. And as I already
pointed out during COVID, during George Floyd's protest things like that,
we saw just how much of a system.
Speaker 2 (05:26):
They had built.
Speaker 1 (05:28):
And that brings us to this, to where we are today.
Donald Trump gets elected. Donald Trump gets elected because the
American people woke up one day and were mortified by
what was happening to their country. A wide open border,
they can't afford eggs any more, government of malfeasans, to
put it mildly, the American people watch them shoot Donald Trump,
(05:49):
arrest him.
Speaker 2 (05:49):
The mortified. The American people were mortified.
Speaker 1 (05:53):
You look at those election results, that's a complete rejection
of all this.
Speaker 2 (05:56):
Well that sounds good. It's good, right, I think it's good.
Speaker 1 (05:59):
You think it's good. Everything good, But they're all still there.
You see, remember that final form they reached where they
had complete control of everything. Well, just because Donald Trump
won an election, that don't change a thing. They're all
still there. And so what we're seeing now is a
more advanced form, much more advanced form of what we've
(06:21):
seen before. And that is, as soon as Republicans win
an election, Democrats go back to being revolutionaries. Throw sand
in the gears. Resist, always have to resist everywhere you go.
And now we have a fight on our hands, you see.
I mean, here's a great example. We found this out today.
(06:43):
FEMA just had to let go of some people, fired
some people. Why Donald Trump administration walks in starts talking
about things like even disbanding FEMA very clearly we're done
with supporting illegals and things like that. Issues a bunch
of executive orders. But remember remember what the communist was
doing while you and I were asleep.
Speaker 2 (07:04):
It was marching.
Speaker 1 (07:05):
FEMA's chief financial officer said, oh, is that what Trump wants?
Speaker 2 (07:09):
That's not my problem.
Speaker 1 (07:10):
Here's a fifty nine million dollar check of the taxpayers
to pay for luxury hotels for illegals.
Speaker 2 (07:18):
And they did this last week.
Speaker 1 (07:23):
Last week, Trump was what two weeks into his presidency.
The communists that FEMA didn't miss a beat because she
was fighting a revolution while she being the chief financial officer.
And it doesn't at all stop with FEMA. You see,
we now are remember that Ice raid. We'd started to
get word I think this was last week, started to
(07:44):
get word, but that people were saying the Ice they
were trying to do a bust and it was almost
like someone had tipped people off. They showed up to
get Trendy Aragua and Trenday Arragua was gone. But Tom
Holman went to the news and dropped the bomb today
on how that happened?
Speaker 2 (08:04):
Isorr Tom Holman?
Speaker 3 (08:05):
Tom, where are these leaks coming from?
Speaker 4 (08:10):
Well, look, we're thinking it's coming from inside, and we
know the first leak of Aurora is under current investigation.
We think we identify that person under investigation right now.
The California League Secretary Nome, you know, she's correct. Some
of the information we're receiving tensive lead toward the FBI.
(08:32):
But I talked to the Deputytorney General all this weekend.
They've opened up a criminal investigation and they have promised
that not only this person will lose their job and
lose their pension, they will go to jail. They won't
criminally prosecute.
Speaker 1 (08:44):
So now I'm thrilled to hear that jail thing. We'll
get to Pam bonding in just the moment. But just
pause for a second and think about where we are
as a country. Donald Trump is much better administration in
their kicking butt taken names, moving forward, rounding up the
(09:05):
illegal alien rapists and murderers Joe Biden brought into the
country on purpose, and the Federal Bureau of Investigation tipped
someone off to ensure the rapists and murderers could escape arrest.
Three million people in the federal government, give or take
(09:27):
how many communist revolutionaries do we have to fight? And
along the lines of fighting them, you wake up every
day now you look at your phone and you see
news story after news story about this activist judge stopping this,
this activist judge stopping that. Remember all those stories about
all the judges Joe Biden was putting on the courts, Well,
(09:47):
he wasn't doing that to protect the.
Speaker 2 (09:49):
Rule of law.
Speaker 1 (09:50):
They were doing that to cement to shield the communist
system they had already put into place into this country.
So now we we have judges essentially running the United
States of America, or if they're not running it. They're
in the very least stopping any good Donald Trump might
try to do with this country.
Speaker 2 (10:13):
And that brings me to Pambondy.
Speaker 1 (10:16):
And what I'm about to say is not an insult
to Pambondi because I don't know yet.
Speaker 2 (10:19):
She's been there for five minutes. I don't know yet.
I'm happy Tom.
Speaker 1 (10:22):
Holman's talking about people going to jail, But Pam Bondy
is going to have to turn herself into a villain
very very very quickly.
Speaker 2 (10:32):
Pambondy is going to have to.
Speaker 1 (10:34):
Start marching government employees into federal prison.
Speaker 2 (10:39):
That's what it will take. Not resignations. We see that
all the time.
Speaker 1 (10:43):
He's been re resigned, not reassignments, not even firings, not
the revocation of vocation. I don't know how to say that.
Word of security clearance is no, no, no, no, no no.
That's child stuff. The communist revolutionaries inside of the federal
government must see their fellow communist revolutionaries marched into federal
(11:04):
prison for years in years in years, because the communist
only understands fear and pain.
Speaker 2 (11:12):
So Pam Bondi's on the news talking like this, So if.
Speaker 5 (11:16):
Anyone leaks anything, people don't understand that jeopardizes the lives
of our great men and women in law enforcement. And
if you leaked it, we will find out who you
are and we will come after you. And it's not
going to stop our mission. It's not going to stop
the President's mission to make America safe again. We were
very clear with the lawsuit that we filed in Chicago
(11:37):
that if you don't follow the law, you will be
prosecuted by the Department.
Speaker 1 (11:43):
Okay, that's great, that sounds great again, I'm not insulting her.
That better happened, and it's not one person. We don't
need to see one person going to federal prison. No
more tiptoeing around this whole thing. We are most definitely
fighting a war, a political war, by the grace of God.
(12:04):
But we are fighting a war against communists who are
not going to just hand back power because they got
their butts kicked during an election cycle. Pam Bondi better
turn herself into a fang wielding pit bull who sends
communists to federal prison by the dozen.
Speaker 2 (12:24):
All that may have made you uncomfortable, but I am right.
Speaker 1 (12:27):
Remember we all have a role to play when it
comes to fighting that communist system. That's been cemented into
place in this country.
Speaker 2 (12:34):
You and I do too. Where do you spend your money?
Speaker 1 (12:38):
Because the truth is it's not just our taxes that
have been funding communist activity in this country. I brought
up the George Floyd protests. Who do you have your
cell phone with? Who's your cell phone company at? And
T T Mobile? No, look them up in the name
George Floyd. See what they were doing with your money
when the communist revolution was ramping up in this country.
(13:02):
Switch you can switch your cell phone. Takes ten minutes
on the phone.
Speaker 2 (13:06):
It's okay. You can do it online.
Speaker 1 (13:07):
Puretalk dot com slash jessetv.
Speaker 2 (13:10):
They make it easy.
Speaker 1 (13:11):
You'll pay less, you don't sacrifice coverage because they're on.
Speaker 2 (13:14):
The same network and they love this country.
Speaker 1 (13:16):
They weren't doing anything but still rooting for America back
during all this stuff. Puretalk dot com slash jessetv.
Speaker 2 (13:25):
We'll be back. Well.
Speaker 1 (13:34):
The animals are in the streets rioting over cutting government funding,
which is absolutely hilarious to me in so many ways.
Joining me now to talk about all this FEMA nonsense
and other things, my friend United States Marine and national
correspondent for the Blaze Julio rose Us. Okay, Julio, could
(13:55):
you walk those lots of people woke up this morning
and they were stunned to find out we were paying
for any hotels for illegals. Obviously, this is something you've
been all over for a very long time. But can
you please explain why we're sending fifty nine million dollars
to New York City to put Loope up in the Roosevelt.
Speaker 6 (14:14):
It's because it really, at the end of the day,
it was just so that Biden Harris administration at the time,
along with the sanctuary city officials, it was to avoid
the objects of having homeless migrants on the street.
Speaker 7 (14:27):
That's basically all it was.
Speaker 6 (14:28):
Because obviously, while some people who did crossover I legally
had support system, whether it was family or.
Speaker 7 (14:34):
Friends, a lot of people didn't.
Speaker 6 (14:36):
Because, yes, surprise, a lot of people are going to
want to come and take advantage of the open border policy.
But more than that, actually I just saw this today
at a border report.
Speaker 2 (14:46):
Not only have we been paying for the.
Speaker 7 (14:49):
Hotels secure in the United States.
Speaker 6 (14:51):
But USA was also paying the migrant shelters in Mexico.
And on top of that, the Mexicans were smart enough
to do that because the Mexican government did not support
any of these shelters along the border, so we were
literally supporting them virtually the entire way through through our
tax dollars. And so that's why when you see people protesting,
you know, cutting this waste, fraud, an abuse, they truly
(15:14):
have even they themselves who are in the system Suly
don't really understand just how much money is being wasted.
Or the worst part is they do and they wanted
to continue one of that money, you know, gravy train
to continue anyway.
Speaker 2 (15:27):
Julio, it's honestly, it's a little bit.
Speaker 1 (15:30):
I'm the worst cynic in the world, and I've always
been talking about this level of corruption.
Speaker 2 (15:35):
But even me, you.
Speaker 1 (15:36):
Wake up every day and you find out new details
of just how deep the rot goes within our government
and how many parts of our government were focused on
wrecking this country.
Speaker 2 (15:47):
It's a it's a lot to take in, is it not.
Speaker 6 (15:52):
Yeah, And it would be one thing if our country
was in better shape than than it currently is, because obviously,
when you when you look at what happened in western
western North Carolina, like California and Maui, and how just
how horrible the victims and the survivors were treated by
the federal government, and all of a sudden, they're like, actually, no,
we can't spend that much money, and you know, you
(16:13):
got to jump through all these loopholes. And yet when
it comes to people invading our country or people who
are just on the other side of the world and
how they are getting preference for treatment, of course, I
mean it gets my I mean, just as a tax payer, right,
it's like, why are we paying taxes here? You know,
like why why are why are us citizens always constantly
just being just like kind of like a blood bag.
Speaker 7 (16:34):
We're just constantly just being sucked dry here.
Speaker 6 (16:36):
And so I I think I think it's I think
it's gonna be you know, a little bit. It's gonna
take a little bit for for all that to kind
of permeate through through people who are obviously not as
hyper aware of the news. But I'm going to guess
in two to three years from now, people are going
to really kind of see the benefits from all of
you know, within the country, the benefit of all of
(16:56):
all this one.
Speaker 7 (16:57):
Being brought to light. But then number two, most importantly.
Speaker 8 (17:00):
Stop.
Speaker 1 (17:02):
Tell me about the border patrol guys, Right, now I
know you have many, many friends in that organization. They've
got to be doing freaking backflips.
Speaker 7 (17:11):
It is really big.
Speaker 6 (17:12):
Yeah, I mean, obviously this is something that they've been
waiting for a very for a very long time. Even
just the other day, one of them texted me being
just extatict over how the PRIDE web page for Customs
and Border Protection had been taken down, because that has
nothing to do with the mission at hand, right, that
has nothing to do with, you know, all the effort
(17:33):
to to you know, in theory securing the border, which
obviously wasn't happening in the past four years. So, I mean,
just the fact that even if you look at what Texas, right,
I mean, Texas was really the epicenter for many years
because it shares, you know, the largest part of the
border with Mexico.
Speaker 7 (17:49):
I mean, the border crossings are down.
Speaker 6 (17:50):
I mean five hundred crossings a day, three hundred I
legal crossings a day.
Speaker 7 (17:54):
I mean that is astounding.
Speaker 6 (17:56):
I mean we would see five hundred people at a
single time during the day, and so to see that
this being all along the border, this really just shows
how one this was being allowed to happen. You know,
this was being encouraged to happen by the US government,
by the Bien Harris administration. And two, it just shows
how idiotic the quote unquote by partisan border build that
(18:17):
was being proposed in the Senate last year.
Speaker 7 (18:19):
Is how much of a farce that was.
Speaker 6 (18:21):
Because they say, oh, actually we need to allow up
to five thousand legal crossings a day before an emergency declaration.
It's like, no, that that was totally unnecessary, that was
totally it was just it was just a shell game.
Speaker 7 (18:31):
It was just playing politics, as as DC likes to do.
Speaker 6 (18:34):
So yeah, I'm finally glad that that aspect is over.
But as you know, now we're shifting to the interior
enforcement and the removals. I mean that that's kind of
the next that is the next big battle. And that's
why Tom Holman is literally today, you know, it was
begging Congress for more money because like sure, he said,
the numbers are good in terms of arrest, you know,
(18:56):
they're trending in a good direction, but it's not good enough,
especially with you know, they only have four years for
guaranteed years to kind of undo the damage.
Speaker 7 (19:06):
Of the previous four years.
Speaker 1 (19:08):
Yeah, four years, six thousand ice agents about fifty million
legals to get out of the country. The math doesn't
exactly pencil out there. Julio, my brother, thank you, come
back to join us soon.
Speaker 2 (19:18):
Sepifi, of course. Thanks all right, Benjamin.
Speaker 1 (19:23):
Winegardens all over this government corruption. Let's talk about the Pentagon.
That audit is still to come. We'll dig into this
USAID stuff some more before we get to Benjamin, let's
talk about expenses. Do you ever have to do expenses
with your company? How much time would you say your
company spends on expenses?
Speaker 2 (19:42):
We have to categorize this. I need the proceeds for that.
You got to run this down, run that down. I
got through to my house. My wife does the expenses,
always figuring out what'd you buy here? Where would you But.
Speaker 1 (19:55):
You know there's a card, there's a corporate card who
takes all that away.
Speaker 2 (19:59):
How much time would you see?
Speaker 1 (20:00):
How much money would you save if you could just
use a card called Ramp and it does it all
for you. That card exists. Go get the Ramp card.
It'll make your life so much freaking easier. Categorize it
gets everything laid out for you. It's like having your
own finance team, only it's your own card, So go
(20:21):
pick one up and now, for a limited time, listeners
to this show can get two hundred and fifty dollars
when you join RAMP. Just gotta ramp dot com slash Jesse.
That's ramp dot com slash Jesse cards issued by Sutton
Bank Member FDIC.
Speaker 2 (20:39):
Terms and conditions apply. We'll be back.
Speaker 1 (20:50):
Well, you may be a little bit bummed out when
you check your bank account. You're trying to figure out
how you're going to pay for college for little Aiden,
Jaden and Braden who you're raising. But I have great
news for you. You have already paid for the college
of others. Not granted they appear to be scumbag terrorists,
but hey, you paid for somebody's college. Joining me now,
Benjamin Winegarden, Editor at Large of Real Clear Investigations. Okay, hey, Ben,
(21:15):
have we been paying for terrorists to go to college
in this country?
Speaker 9 (21:19):
Paying for terrorists to go to college, paying for terrorists
to be able to build their heroin businesses, to fund
their Jihannis efforts to take out Americans and our allies.
And you know, as you were doing that intro, I
was thinking, the way to pay for your kids college
is to set up a democracy focused NGL and then
use the funds to underwrite their education.
Speaker 8 (21:41):
That's the way to do it.
Speaker 1 (21:43):
God, it's just I feel so filthy even discussing how
horrible this system is. Okay, Ben, So for all the
people who are a little confused on what we're talking about,
break down some details.
Speaker 2 (21:55):
What do we discover today?
Speaker 1 (21:56):
With the next with the newest USAID discussies?
Speaker 8 (22:02):
Where to begin?
Speaker 9 (22:03):
There's so many different layers to the scandal of the
fifty billion dollar a year so called independent and I
guess acting as an independent agency of the federal government.
And I think the easiest way to think about it is,
first you have the radical gender ideology and sexual perversion
side of things, which is quote unquote lgbtqia, plus advocacy
(22:27):
in countries all over the world, funding of of course,
chemical castration and hormone therapy, including for minors I believe,
in foreign countries, guides on how to keep yourself safe,
primarily in the Middle East, to the extent you're an
LGBTQ advocate, so probably generating some resentment from foreign regimes.
(22:51):
Then you get to the things like to your point,
hundreds of millions of dollars or more that have ultimately
redounded to the benefit of the Taliban and Afghanistan HOTTA.
Speaker 8 (23:00):
Groups in Syria.
Speaker 9 (23:02):
And beyond, of course the funding to the Eco Health Alliance,
which ultimately ended up in the Wuhan lab and contributed
to the pandemic that destroyed our liberty, our finances. And
beyond and then beyond those disastrous efforts, I think is
the fact that this sort of colorful revolution type work
(23:24):
and the funding of jihadis really diverts our gay is
from the regime change kind of behavior that USAID has
been behind for years. And you know, during the Cold
War when USAID was created, there was a soft power rationale.
It was you have to promote democracy in parts of
the world that the communists controlled, to undermine them, contain them,
(23:48):
and ultimately triumph over them. But the problem is essentially
that today's Marxist took over USAID and all of these
other institutions in the fact eral government and have used
that to export their revolution abroad and really ultimately undermine
us with our tax dollars. And the last part I'll
(24:10):
make briefly is this has basically been an administrative state
that we have been funding via these NGOs some foreign
and some domestic, that serves as an extension of the
government administrative state, totally unelected, unaccountable, paid for with our
tax dollars to spread left wing radicalism around the world,
(24:32):
and of course line the pockets of the allies of
our government here at home.
Speaker 1 (24:38):
Good God, it so gross, Ben, What about media organizations?
Speaker 2 (24:44):
At least at least.
Speaker 1 (24:45):
Tell me I haven't been going to work every single
day and the government sticking its filthy fingers in my
wallet and handing it to media organizations who hate me.
Speaker 2 (24:53):
That hasn't been happening, right, Ben.
Speaker 9 (24:57):
Got some bad news. Unfortunately for you. You've been funding
primo subscriptions to Politico Pro and subscriptions to the New
York Times and the AP and Bloomberg services and Reuter
services and beyond, and amazingly the gas lighting from these
news outlets, who, as you noted, hate your guts. Is that, well, look,
(25:21):
government agencies, government agents need to be able to read
the vital information, much of which the government agencies themselves
leak to these outlets that they produce in their premium
and paywald content and beyond it. My view is as
perverse as it is that our tax dollars are paying
for subscriptions for government agents to read obviously bias publications.
(25:45):
Of course, you know they're not funding any conservative outlets
via these subscriptions.
Speaker 8 (25:50):
Even more perverse is.
Speaker 9 (25:52):
That while on the one hand they pay them off
to some degree in millions of dollars in the case
of Politico for example, on the other hand, and the
government has also labored with hundreds of millions of dollars
to create the censorship industrial complex that suppresses and seeks
to destroy the business models of news and views from conservative.
Speaker 8 (26:13):
And independent sources.
Speaker 9 (26:15):
That's a subsidy that's worth many, many times the amount
that we pay through our tax dollars effectively for subscriptions
to these regime media outlets that effectively do the regimes
bidding by printing the narratives they want, serving as conduits
for leaks from our intel agencies, for example, like the
Russia Gate hoax or the fifty one intelligence officials saying
(26:37):
that hunter Byden laptop story has all the hallmarks of
Russian propaganda Russian information operation. Even more perverse is how
they worked with these quote unquote anti disinformation missed dismount
information NGOs to pressure the social media companies to censor
people like you and me, and news and opinion outlets
(27:00):
that put forth dissenting views to basically silence the other
side and prop up the regime media outlets. We haven't
even begun to calculate how much that has been worth
to them, but it's damaged the republic potentially to an
irrevocable degree.
Speaker 8 (27:15):
And it's amazing.
Speaker 9 (27:16):
I would say that despite all that, still we're basically
a fifty percent plus one country.
Speaker 1 (27:23):
Really, it is amazing when you consider everything that's been
stacked against us and they still got their butts kicked
in an election. All right, Ben, I've been trying to
warn people that obviously USAID is horrible, maybe the worst
of the worst. It's really really, really, really really bad.
But they haven't even gotten to the Pentagon yet.
Speaker 2 (27:40):
So far. What we've seen is just the tip. There
is so.
Speaker 1 (27:44):
Much more coming and people are going to be mortified
at what they find in that building.
Speaker 9 (27:50):
You're absolutely right, and to that point, people don't need
to look any further than the effectively the Inspector General,
the Cigar reports with regard to Afghanistan and the boon
doggles there and what we ended up funding and how
we ended up undermining the mission to the extent there
was a mission with any clear objectives there put Afghanistan,
(28:11):
which was a massive boon doggle and ultimately ended in disgrace.
Put it on steroids. And that tells you where we
get to with the Pentagon, not to mention.
Speaker 8 (28:21):
Of course, the intelligence community and beyond.
Speaker 9 (28:23):
We've already heard that one hundred billion dollars are just missing.
Speaker 8 (28:26):
We have no idea with respect to Ukraine.
Speaker 9 (28:29):
So imagine across the entirety to your point of the
Pentagon and the intelligence community, with the secrecy that's built
into them, definitionally, and then all the people who benefit
from the misuse of these agencies which are absolutely vital
on their face to keep us safe, which you served in.
We can only imagine the corruption, the waste, fraud and abuse,
(28:52):
and how they've been used to undermine our interest and
line the pockets of people here at home with our
tax dollars. I'm sure real fight's going to start there.
And then of course with medicare.
Speaker 1 (29:04):
Oh gosh, God only knows what we're gonna find with medicare.
All right, Ben, Before I let you go, Pam BONDI
I opened up the show.
Speaker 2 (29:12):
I don't know her, I've never met her. I only
know her by reputation.
Speaker 1 (29:17):
But does she have what it takes to get fangs
and throw government people in prison? Not resignations and revoking
security clearances. That's not near enough to stop the communist
revolution from inside of our government. Does do you think
this woman has what it takes to send government people
to prison?
Speaker 9 (29:36):
I think Pam Bondi, along with Cash Patel, who himself,
as he noted in his confirmation hearings, has been targeted
by a weaponized and hyper politicized national security and law
enforcement apparatus. When you look at what they've put out
in terms of the weaponization working groups so called, that
they've developed, and what they're going to be probing, undoubtedly
(29:56):
they are going to find myriad crimes there, including the
very crime that Donald Trump himself was charged with, essentially
taking away the rights of Americans under color of law.
We've seen that on steroids to the hilt with all
of these different weaponized prosecutors at the federal, local, at
federal level and on down. So if they pursue the
(30:19):
merits of the cases, and I believe they will, there
have to be criminal charges. Anything else would further the
injustice and further undermine our republic.
Speaker 1 (30:28):
At the end of the day, Yeah, no doubt, Ben,
that was awesome, brother, Come back soon, please welcome anytime.
Speaker 8 (30:36):
Thanks for having me.
Speaker 1 (30:40):
Hey, it's hard for me to hear this stuff too,
all right. I wake up every day. Look, it's a
good time because we're exposing it. But it's hard to
go with the doctor's office after you got your blood
work done and find out you're very, very, very sick.
Speaker 2 (30:56):
Now it's better that you know. We know, but it's
hard to hear.
Speaker 1 (31:00):
Just keep your chin up one day at a time,
keep cleaning this crap out, all right.
Speaker 2 (31:06):
In the meantime, get yourself some sleep. Dream Powder will
help you with that.
Speaker 1 (31:11):
Maybe you wake up every morning and you look at
your phone in your arm.
Speaker 2 (31:15):
Raging all day long. Tough to sleep. But dream powder.
Speaker 1 (31:19):
It's hot chocolate, except it's got melowtone and a natural
things in one hundred percent drug free. I sip on
a cup of hot chocolate whenever I must have a
good night's sleep, and I just drift off to sleep.
I wake up eight hours later, and I don't feel groggy,
I don't feel heavy, I feel like I got natural
sleep because I did sleep like.
Speaker 2 (31:40):
That every single night.
Speaker 1 (31:42):
Shopbeam dot com, slash Jesse Kelly, get you up to
forty percent.
Speaker 2 (31:47):
Off, we'll be back.
Speaker 1 (31:57):
Okay, this is going to be a conversation I'm going
to enjoy because Trump is rolling out tariffs. And as
I told you before, Trump loves tariffs. He has an
older order might not even be appropriate, a different, more
protectionist view of it. Very much a Teddy Roosevelt Republican.
Everyone thought he was just threatening Canada and Mexico. So
(32:18):
they throw some Mexican troops on the border.
Speaker 2 (32:20):
And as I.
Speaker 1 (32:21):
Told you, yeah, it's part negotiating tactic. But he's bringing tariffs.
He loves them, he always has. He believes in them.
Joining me now to talk about them, the moves, the
potential counter moves, and other things. The wonderful Carol Roth,
who knows a lot about this stuff, author of the
book You Will Own Nothing. In fact, she's wrote a
lot of wonderful books at this point in time. Okay, Carol,
(32:42):
as I've explained to people, Trump is a tariff lover.
It's a very much an older Republican way of thinking.
Speaker 2 (32:49):
But this is what he loves. It's what he believes in.
Speaker 1 (32:51):
I don't care how many Canadians get put on the border.
Speaker 2 (32:54):
Tariffs were always coming for somebody.
Speaker 10 (32:57):
I love the fact that they keep talking about, Well,
in the eighteen hundreds, we had all of these tariffs
and it paid for everything. Okay, we're not in eighteen
hundred anymore, people, We're in twenty twenty five. Our economy
looks nothing like it did in the eighteen hundreds, the
currency looks nothing like it did in the eighteen hundreds,
our fiscal foundation looks nothing like it did in the
(33:18):
eighteen hundreds. So, you know, while that's a nice, you know,
thing to say, it's a completely irrelevant data point. And
as I've mentioned to you prior, Jesse, you know, I'm
sort of a centrist on tariffs.
Speaker 11 (33:31):
There are things.
Speaker 10 (33:32):
That we absolutely need to be producing here in the
United States. I know you will probably agree with me
when I say, you are defense industry should not be
outsourced to China. We cannot depend on them for our defense.
And you know, they're not going to be super excited
to make things like weapons and components for US.
Speaker 11 (33:52):
If we're potentially going to attack them.
Speaker 10 (33:54):
So there are things from a national security standpoint that
it makes sense for us to reshore and use tariffs
as a means to incentivize that. There are a whole
bunch of things that it makes absolutely no sense to reshure,
and we couldn't do it if we wanted it because
the cost of those goods and services would be so
high that nobody would buy them. And this idea that
(34:15):
somehow we're going to eliminate the income tax and replace
that with tariffs like was done you know back in
days Yonder, is absolutely insane because from a math perspective,
that is never going to work. So now we have
for the situation where I do think that there is
a little bit of art of the deal. You know,
what somebody said about Trump is that you should take
(34:36):
him seriously but never literally. So there are there is
some scoring of some points and some bravado, but you're
absolutely right. He likes tariffs and he sees that as
an interesting, you know, out of the box way of thinking.
Speaker 11 (34:50):
I do think there are.
Speaker 10 (34:51):
Other people in the administration that have other out of
the way, out of the box ways of thinking. So
it'll be interesting to see how it all plays out.
But this discussion is not going away for sure.
Speaker 1 (35:04):
Keryl, let's rewind just a little bit, because then we
all want to get smarter, myself included, Lord knows I
need enough help with that. What's different now you said
was we're not at all the same.
Speaker 2 (35:16):
As we were in the eighteen hundreds. I agree with you.
Dumb that down so I can understand it. What does
that mean?
Speaker 10 (35:23):
So you know, if you think about the currency that
we have, you know, we have the global reserve currency,
something that we didn't have prior. We have a currency
that is fiat that's not backed by anything other than
the promises of the government. We have debt to GDP
at one hundred and twenty plus percent. We're running deficits
(35:43):
that are wartime level deficits between six and seven percent
of GDP. We have because of our currency, we have
dollar strength that needs to be considered visa v not
unfortunately a bag of groceries, but strong again other currencies
in the world. We have a global market that depends
(36:05):
on the US treasuries not only to finance the government,
but as a safe haven for the world. So we're
in this very complicated scenario. We also have a service
based economy, right, so you know it used to be
that the economy was based on manufacturing goods and now
seventy percent of that is based on services. So I oh,
(36:29):
by the way, you have a government that takes in
five trillion dollars of our money every year, more than
the GDP of every other country in the world except
for the US and China, and now, as you know,
spending seven trillions.
Speaker 11 (36:42):
So you know, I think if you kind of.
Speaker 10 (36:44):
Line that up to what things look like in the
eighteen hundreds, it's a little bit different.
Speaker 2 (36:50):
Okay, So what does this mean for me and my wallet? Carol?
Speaker 1 (36:53):
I have two kids, I have a wife who likes purses.
What does this mean for me? Am I going to
get poorer in the short term and the long term?
Speaker 2 (37:01):
What does this mean?
Speaker 7 (37:03):
Well?
Speaker 11 (37:03):
I think it could mean a lot of things.
Speaker 10 (37:06):
I think if Trump wants to continue to do tariffs
on everybody and their brother, there are a couple things
that are going to happen. There is going to be
a direct impact if you decide to buy a foreign
good instead of a US based good, and you know,
maybe you can convince your wife that she should buy
US designers instead of something fancy from Europe. I don't
(37:28):
know how that's going to go I'm going to stay
out of that situation. That's your problem, not mind, Juffie.
But there's also you know, the idea of what's going
to happen with the strength of the dollar. Tariffs increase
the dollar strength, which means that they're going to probably
have to find a way to weaken the dollar if
they want to do tariffs, which means, and we've talked
(37:48):
about this before, that that could create an inflationary scenario,
which we know is coming.
Speaker 11 (37:53):
Anyway, because there are a whole million things.
Speaker 10 (37:55):
That are going to create an inflationary scenario, and it's
already on the on the rise again. So I do think,
you know, as all of these things get sorted out,
one is that you should be considering buying us over
what is being manufactured abroad. But the reality is that
I think that life is going to continue to stay expensive.
(38:18):
We're not going back to prices you know, of what
they were five years ago. That is a pipe dream.
So the most important thing that you can do is
you can ask for a raise, Jesse. So I'm gonna
hear I am asking your bosses give Jesse a raise,
because he's going to be the extra money to help
buy his wife purses and other you know kind of
cost of living.
Speaker 11 (38:36):
So everybody needs to make sure their.
Speaker 10 (38:38):
Wages are keeping pace because that's the only fight that
we really have against inflation. And also, as we've talked
about before, you know, over time, and I'm sure they're
going to come down at some point, but over time
you expect that hard assets, stocks, things like that are
going to inflate as everything else inflates, as we have
seen over the past you know, decade or so.
Speaker 1 (39:01):
Carol, what does China do in response to all this?
Because China obviously he's coming coming with tariffs for China,
there's no if, ans or but around it. So China
is reportedly building a fortress to prepare for these tarffs.
Speaker 2 (39:16):
What does that mean? It sounds great, What does it mean?
Speaker 10 (39:19):
So one interesting thing, and this made completely divert our conversation,
but you know that's fairly normal for me, is that
China's been stockpiling gold and it has been doing that
for many, many reasons. One of them is to decrease
the dependence on the US dollar. Another is to create
a way to settle their own trade if they're trading
(39:41):
with other countries and somebody doesn't want to accept their
currency to offer credible settlement in terms of gold. So
this could end up in a situation where there's a
meeting of the minds here and for all of these
different points that are going on, there could be a discussion,
Well maybe we should, you know, write up and all
(40:02):
agree that the price of gold is higher than it
is because it's suppressed anyway, if that happens, and we're
going to dive it from China for a second, by
the way, you know, right now the US has gold
on its balance sheet at just over forty two dollars
an ounce, and we know that it's trading at over
twenty nine hundred dollars an ounce today. So if the
(40:23):
US and China agree, well, if they were to just
write it up to the twenty nine hundred dollars, that
would then give them like something the area of like
seven hundred and something billion dollars that they would then
be able to have in their treasury account to spend
monetization of gold. But if they all agreed to write
(40:45):
it up even higher, Hey, now gold is you know,
four thousand dollars an ounce, erve six thousand or whatever.
It is not only will that help the US, help
to weaken the dollar, do all the things that we
had just been talking about, but also potentially be a
boon for China and a way to kind of get
around all these other machinations that are going on.
Speaker 7 (41:05):
So I would.
Speaker 10 (41:06):
Imagine that there is going to be some table meeting
with China because the reality is we do depend on
them still for quite a lot of things, but there
is sort of this concern that we need to get
around that China has, you know, some issues, but it
also has some strength. So this is like a really
big game of I don't know if it's risk. I
(41:29):
don't know if it's forty chess. I don't know what's
what the appropriate analogy is. But as I've been telling
you for a while, you know, the global financial order
is on the precipice. It is going to shift, and
I think we're going to see that start to come
to fruition, sooner versus later. It could be this year, Jesse.
Speaker 2 (41:49):
Girl, Have I ever.
Speaker 1 (41:50):
Told you how dominant I am at risk? Just absolutely dominant, undefeated.
Speaker 2 (41:54):
No.
Speaker 1 (41:55):
But when I sit down and play risk, I guess
just Napoleon in me. Our minds work differently on dominant
at risk.
Speaker 11 (42:02):
I feel like you should put that on your resume.
Speaker 10 (42:04):
That should actually be probably like you know, and that
the top thing is that dominant at risk.
Speaker 2 (42:10):
Yeah, yeah, I.
Speaker 1 (42:11):
Should Carol shifting gears a little bit, but just because
it matters to people interest rates. You know, people they
want cars and they don't want to pay these ridiculous
interest rates. They want to own a home one day.
What a shock, the American citizen wants better interest rates.
Are we ever going to get those?
Speaker 2 (42:30):
Oh?
Speaker 10 (42:30):
Lord, not anytime soon, unless, as we've been talking about,
there is this weird out of the box thinking and
resetting of rates.
Speaker 11 (42:40):
I have been telling.
Speaker 10 (42:41):
You for years and your viewers and listeners for years
that what the FED is doing doesn't matter, that there's
tool set just doesn't apply to where we are. And
I have been proven right because you know, when the
FED hiked interest rates initially, what happened to yields on
the ten years and then ultimately everybody's interest rates as
(43:01):
went up, right, But what happened when they started cutting
interest rates feels one up again.
Speaker 11 (43:07):
And that's because they no longer have that control.
Speaker 10 (43:11):
It is being determined by the market, is being determined
by fiscal policy and their own policy is completely off
the table. So, as I noted, right now, the yield
on the ten year is rising again. It's getting to
levels that are potentially concerning, even amidst the fact that
we had these rate cuts previously from the Fed, and
(43:32):
those are unfortunately what is going to drive a lot
of the rates in the market, especially on the mortgage side.
Speaker 11 (43:41):
That is a relevant point as well as demand for mortgage.
Speaker 10 (43:44):
Backed securities, and we just don't have the demand and
the market for all of the treasuries that we're issuing
for the mortgages. So I feel like for the time being,
rates are going to get higher.
Speaker 11 (43:59):
Now, what could happen is that there is a break point.
Speaker 10 (44:02):
There is a point which we're getting close to where
rates will become too high, particularly on a ten year
as the benchmark, and that could send us into a
debt spiral that could end up breaking the global financial
markets if we get to that level, and again we're.
Speaker 11 (44:18):
Get we got real close to it.
Speaker 10 (44:20):
We've come back off a little bit, but like we're
in that neighborhood. The Trump administration does not want that
to happen. They cannot afford for that to happen for many,
many reasons. And so that means again, you may see
some kind of an interventionist policy to try to bring
down interest rates, and whether they go crazy and say, oh,
(44:41):
we're going to bring them way down so we can
refinance the debt and people can have better mortgage rates
and all these kinds of things, or they do kind
of an interim step is really anyone's guests, But it's
not going to.
Speaker 11 (44:54):
Come from free market forces.
Speaker 10 (44:56):
Is going to become because they are forced by our
fiscal situ suation to come in and do something quote
unquote creative. And that's again why I'm in the camp
of seeing persistent inflation, because they would rather have goods
and services be a little bit higher than bust the
entire financial system or cause a massive recession or whatever
(45:17):
it is. And so those are going to be the
choices at hand, and which one, politically do we think
they're going to pick. They're going to pick a little
bit more inflation. It's just the unfortunate choice that they're
going to have to make.
Speaker 1 (45:30):
Yeah, God save us from central planners getting creative. Gosh,
that would be a freaking disaster. Kill Roth, Thank you, ma'am.
Speaker 2 (45:38):
Come Max sou all right, lighten the mood. Thanks, all right,
it is time to lighten the mood.
Speaker 1 (45:57):
And you know what lightens my mood the knowledge that
the greatest book ever written, The Anti Communist Manifesto by me,
came out today in paperback.
Speaker 2 (46:07):
Did you know, Matt?
Speaker 1 (46:08):
I know it was already out in hardcover and national bestseller.
Speaker 2 (46:11):
Now that I would brag anting like that, but today
you want the.
Speaker 1 (46:15):
Paperback version, you can get it, Jesse Kellybook dot com
is where you go.
Speaker 2 (46:19):
Do that now. I love a good troll as much
as anybody, especially when it comes to trolling CNN.
Speaker 1 (46:26):
Elon Musk, the richest, one of the most powerful men
in the world, decided to change his name on social
media in an effort to get reporters to have to
say it on air, and well, mission accomplished.
Speaker 3 (46:40):
Now, the disruptor in Chief, Elon Musk, who apparently has
adopted the alias at least he changed his social media
handle to Harry Balls, tweeted this morning, democracy in America
is being destroyed by judicial coup.
Speaker 2 (46:55):
All right, I'll see them
Let's talk about the resistance. We're seeing what's going on.
Do we pay for a terrorist college? We have Carol
Roth joining us, Benjamin Winegarden, who the oros us?
Speaker 2 (00:12):
What a show tonight?
Speaker 1 (00:13):
I'm right. Before we get into the system and the
resistance and all that stuff for two nights in a row,
we sadly have to honor the fallen. We always honor
the fallen who died during training because they are forgotten.
Speaker 2 (00:36):
And now we lost another one.
Speaker 1 (00:37):
The Coastguard seamen Brian k Lee was doing counter drug patrols,
went over the.
Speaker 2 (00:46):
End, went over the side.
Speaker 1 (00:48):
They've been looking for him for one hundred and ninety hours,
finally called off the search. We lost them to the deep.
So rest in peace, warrior prayers for the family. All right,
All right, now, before I get into the specifics about
what's happening and what happened at FEMA, what apparently happened
(01:08):
at the FBI, and everything else, I just want to
recap this so we can discuss.
Speaker 2 (01:13):
Where we are and why we are where we are.
Speaker 1 (01:17):
As we've talked about before, the communist, no matter where
you find him, whether it's the Soviet Union in nineteen thirty,
the two of the United States of America in the
Year of Our Lord twenty twenty five. The communist believes
in force. He believes in forcing his views, forcing.
Speaker 2 (01:36):
His worldview on others.
Speaker 1 (01:37):
He has never been concerned with popularity at all. He'll
take it if he can have it, if you give
it to him, but that has never been his concern.
If you don't agree with what he wants, just just
force it. He'll lie and do whatever he can to
force it. That's what he believes. You must be forced
to conform. Now that brings us to the United States
of America. Communists try for the longest time to get
(02:02):
through in this country, to break through, to really gain
hold of something. But something kept happening to them, you see.
They kept running up against that wall that protects or
destroys your country. Wherever you happen to be, that would
be your institutions. And you can consider your institutions things
like government institutions, religious institutions, corporate institutions, education institutions. The
(02:25):
institutions of a nation are the pillars that hold it up.
Well back in the sixties, when the radicals like the
Weather Underground were chucking nail bombs around and things like
that they weren't getting the communist revolution moving. They couldn't
get a moving in this country. It was frustrating them
to no end. Why because they were slamming into the institutions.
Speaker 2 (02:45):
So what to do? What to do? Well, they went
back to the drawing board.
Speaker 1 (02:50):
And there are a lot of communists like Antonio Gramsci
and others who came up with this. They said, Hey,
if we're running into the institutions, if the institutions of
these countries are stopping the revolution, why don't we just
take them over. It'll be a long, hard, slow slog,
But why don't we march through the institutions. And it
(03:13):
was actually Antonio Gramsci who came up with that, saying,
the long march.
Speaker 2 (03:17):
Through the institutions.
Speaker 1 (03:18):
If you're the weather underground and you're trying to foment
a communist revolution in the United States of America and
the FBI keeps stopping you because you're a dirtball terrorist,
well the solution is not more nail bombs. The solution
is simply take over the FBI. It'll take time, it'll
take effort, but you'll get there. If you're focused on
the other side is lazy and naive well the other side,
(03:41):
US for decades have been lazy and naive, and they
have been marching year after year after year after year.
They have been marching through the institutions, and we, you
and I, we finally got to see the evidence of
what that looks like during the George Floyd protests as
great example, all of a sudden we found out, wait
(04:03):
a minute, even the government doctors want people to riot. Remember,
they wouldn't even tell people to stay. Social distancing doesn't
count if you're protesting. We're all looking around like, wait,
what during COVID what? COVID's actually probably the best example.
If you're like me and you saw the truth very
early on, you sat and watched every single institution in
(04:24):
the country speak with one voice, and it was all
I and you're thinking, you're thinking to yourself, how does
that happen? Well, we were asleep at the wheel, myself included,
for years, and they were marching forward, forward, forward. Now
as it pertains to the government, that was obviously it's
one of, if not the most crucial institutions in the country,
(04:45):
and they've been marching decades.
Speaker 2 (04:47):
They've been marching.
Speaker 1 (04:49):
Roughly three million federal employees and who in large parts
seeks out those positions communists, subversives who intend to go
in there and push the revolution forward. Whether it's a
Republican president a Democrat president, they go to work every
single day with focus, with a mission. They're fighting a revolution.
(05:13):
You mean, we're going to work blissfully unaware that our
own government is working against us. And as I already
pointed out during COVID, during George Floyd's protest things like that,
we saw just how much of a system.
Speaker 2 (05:26):
They had built.
Speaker 1 (05:28):
And that brings us to this, to where we are today.
Donald Trump gets elected. Donald Trump gets elected because the
American people woke up one day and were mortified by
what was happening to their country. A wide open border,
they can't afford eggs any more, government of malfeasans, to
put it mildly, the American people watch them shoot Donald Trump,
(05:49):
arrest him.
Speaker 2 (05:49):
The mortified. The American people were mortified.
Speaker 1 (05:53):
You look at those election results, that's a complete rejection
of all this.
Speaker 2 (05:56):
Well that sounds good. It's good, right, I think it's good.
Speaker 1 (05:59):
You think it's good. Everything good, But they're all still there.
You see, remember that final form they reached where they
had complete control of everything. Well, just because Donald Trump
won an election, that don't change a thing. They're all
still there. And so what we're seeing now is a
more advanced form, much more advanced form of what we've
(06:21):
seen before. And that is, as soon as Republicans win
an election, Democrats go back to being revolutionaries. Throw sand
in the gears. Resist, always have to resist everywhere you go.
And now we have a fight on our hands, you see.
I mean, here's a great example. We found this out today.
(06:43):
FEMA just had to let go of some people, fired
some people. Why Donald Trump administration walks in starts talking
about things like even disbanding FEMA very clearly we're done
with supporting illegals and things like that. Issues a bunch
of executive orders. But remember remember what the communist was
doing while you and I were asleep.
Speaker 2 (07:04):
It was marching.
Speaker 1 (07:05):
FEMA's chief financial officer said, oh, is that what Trump wants?
Speaker 2 (07:09):
That's not my problem.
Speaker 1 (07:10):
Here's a fifty nine million dollar check of the taxpayers
to pay for luxury hotels for illegals.
Speaker 2 (07:18):
And they did this last week.
Speaker 1 (07:23):
Last week, Trump was what two weeks into his presidency.
The communists that FEMA didn't miss a beat because she
was fighting a revolution while she being the chief financial officer.
And it doesn't at all stop with FEMA. You see,
we now are remember that Ice raid. We'd started to
get word I think this was last week, started to
(07:44):
get word, but that people were saying the Ice they
were trying to do a bust and it was almost
like someone had tipped people off. They showed up to
get Trendy Aragua and Trenday Arragua was gone. But Tom
Holman went to the news and dropped the bomb today
on how that happened?
Speaker 2 (08:04):
Isorr Tom Holman?
Speaker 3 (08:05):
Tom, where are these leaks coming from?
Speaker 4 (08:10):
Well, look, we're thinking it's coming from inside, and we
know the first leak of Aurora is under current investigation.
We think we identify that person under investigation right now.
The California League Secretary Nome, you know, she's correct. Some
of the information we're receiving tensive lead toward the FBI.
(08:32):
But I talked to the Deputytorney General all this weekend.
They've opened up a criminal investigation and they have promised
that not only this person will lose their job and
lose their pension, they will go to jail. They won't
criminally prosecute.
Speaker 1 (08:44):
So now I'm thrilled to hear that jail thing. We'll
get to Pam bonding in just the moment. But just
pause for a second and think about where we are
as a country. Donald Trump is much better administration in
their kicking butt taken names, moving forward, rounding up the
(09:05):
illegal alien rapists and murderers Joe Biden brought into the
country on purpose, and the Federal Bureau of Investigation tipped
someone off to ensure the rapists and murderers could escape arrest.
Three million people in the federal government, give or take
(09:27):
how many communist revolutionaries do we have to fight? And
along the lines of fighting them, you wake up every
day now you look at your phone and you see
news story after news story about this activist judge stopping this,
this activist judge stopping that. Remember all those stories about
all the judges Joe Biden was putting on the courts, Well,
(09:47):
he wasn't doing that to protect the.
Speaker 2 (09:49):
Rule of law.
Speaker 1 (09:50):
They were doing that to cement to shield the communist
system they had already put into place into this country.
So now we we have judges essentially running the United
States of America, or if they're not running it. They're
in the very least stopping any good Donald Trump might
try to do with this country.
Speaker 2 (10:13):
And that brings me to Pambondy.
Speaker 1 (10:16):
And what I'm about to say is not an insult
to Pambondi because I don't know yet.
Speaker 2 (10:19):
She's been there for five minutes. I don't know yet.
I'm happy Tom.
Speaker 1 (10:22):
Holman's talking about people going to jail, But Pam Bondy
is going to have to turn herself into a villain
very very very quickly.
Speaker 2 (10:32):
Pambondy is going to have to.
Speaker 1 (10:34):
Start marching government employees into federal prison.
Speaker 2 (10:39):
That's what it will take. Not resignations. We see that
all the time.
Speaker 1 (10:43):
He's been re resigned, not reassignments, not even firings, not
the revocation of vocation. I don't know how to say that.
Word of security clearance is no, no, no, no, no no.
That's child stuff. The communist revolutionaries inside of the federal
government must see their fellow communist revolutionaries marched into federal
(11:04):
prison for years in years in years, because the communist
only understands fear and pain.
Speaker 2 (11:12):
So Pam Bondi's on the news talking like this, So if.
Speaker 5 (11:16):
Anyone leaks anything, people don't understand that jeopardizes the lives
of our great men and women in law enforcement. And
if you leaked it, we will find out who you
are and we will come after you. And it's not
going to stop our mission. It's not going to stop
the President's mission to make America safe again. We were
very clear with the lawsuit that we filed in Chicago
(11:37):
that if you don't follow the law, you will be
prosecuted by the Department.
Speaker 1 (11:43):
Okay, that's great, that sounds great again, I'm not insulting her.
That better happened, and it's not one person. We don't
need to see one person going to federal prison. No
more tiptoeing around this whole thing. We are most definitely
fighting a war, a political war, by the grace of God.
(12:04):
But we are fighting a war against communists who are
not going to just hand back power because they got
their butts kicked during an election cycle. Pam Bondi better
turn herself into a fang wielding pit bull who sends
communists to federal prison by the dozen.
Speaker 2 (12:24):
All that may have made you uncomfortable, but I am right.
Speaker 1 (12:27):
Remember we all have a role to play when it
comes to fighting that communist system. That's been cemented into
place in this country.
Speaker 2 (12:34):
You and I do too. Where do you spend your money?
Speaker 1 (12:38):
Because the truth is it's not just our taxes that
have been funding communist activity in this country. I brought
up the George Floyd protests. Who do you have your
cell phone with? Who's your cell phone company at? And
T T Mobile? No, look them up in the name
George Floyd. See what they were doing with your money
when the communist revolution was ramping up in this country.
(13:02):
Switch you can switch your cell phone. Takes ten minutes
on the phone.
Speaker 2 (13:06):
It's okay. You can do it online.
Speaker 1 (13:07):
Puretalk dot com slash jessetv.
Speaker 2 (13:10):
They make it easy.
Speaker 1 (13:11):
You'll pay less, you don't sacrifice coverage because they're on.
Speaker 2 (13:14):
The same network and they love this country.
Speaker 1 (13:16):
They weren't doing anything but still rooting for America back
during all this stuff. Puretalk dot com slash jessetv.
Speaker 2 (13:25):
We'll be back. Well.
Speaker 1 (13:34):
The animals are in the streets rioting over cutting government funding,
which is absolutely hilarious to me in so many ways.
Joining me now to talk about all this FEMA nonsense
and other things, my friend United States Marine and national
correspondent for the Blaze Julio rose Us. Okay, Julio, could
(13:55):
you walk those lots of people woke up this morning
and they were stunned to find out we were paying
for any hotels for illegals. Obviously, this is something you've
been all over for a very long time. But can
you please explain why we're sending fifty nine million dollars
to New York City to put Loope up in the Roosevelt.
Speaker 6 (14:14):
It's because it really, at the end of the day,
it was just so that Biden Harris administration at the time,
along with the sanctuary city officials, it was to avoid
the objects of having homeless migrants on the street.
Speaker 7 (14:27):
That's basically all it was.
Speaker 6 (14:28):
Because obviously, while some people who did crossover I legally
had support system, whether it was family or.
Speaker 7 (14:34):
Friends, a lot of people didn't.
Speaker 6 (14:36):
Because, yes, surprise, a lot of people are going to
want to come and take advantage of the open border policy.
But more than that, actually I just saw this today
at a border report.
Speaker 2 (14:46):
Not only have we been paying for the.
Speaker 7 (14:49):
Hotels secure in the United States.
Speaker 6 (14:51):
But USA was also paying the migrant shelters in Mexico.
And on top of that, the Mexicans were smart enough
to do that because the Mexican government did not support
any of these shelters along the border, so we were
literally supporting them virtually the entire way through through our
tax dollars. And so that's why when you see people protesting,
you know, cutting this waste, fraud, an abuse, they truly
(15:14):
have even they themselves who are in the system Suly
don't really understand just how much money is being wasted.
Or the worst part is they do and they wanted
to continue one of that money, you know, gravy train
to continue anyway.
Speaker 2 (15:27):
Julio, it's honestly, it's a little bit.
Speaker 1 (15:30):
I'm the worst cynic in the world, and I've always
been talking about this level of corruption.
Speaker 2 (15:35):
But even me, you.
Speaker 1 (15:36):
Wake up every day and you find out new details
of just how deep the rot goes within our government
and how many parts of our government were focused on
wrecking this country.
Speaker 2 (15:47):
It's a it's a lot to take in, is it not.
Speaker 6 (15:52):
Yeah, And it would be one thing if our country
was in better shape than than it currently is, because obviously,
when you when you look at what happened in western
western North Carolina, like California and Maui, and how just
how horrible the victims and the survivors were treated by
the federal government, and all of a sudden, they're like, actually, no,
we can't spend that much money, and you know, you
(16:13):
got to jump through all these loopholes. And yet when
it comes to people invading our country or people who
are just on the other side of the world and
how they are getting preference for treatment, of course, I
mean it gets my I mean, just as a tax payer, right,
it's like, why are we paying taxes here? You know,
like why why are why are us citizens always constantly
just being just like kind of like a blood bag.
Speaker 7 (16:34):
We're just constantly just being sucked dry here.
Speaker 6 (16:36):
And so I I think I think it's I think
it's gonna be you know, a little bit. It's gonna
take a little bit for for all that to kind
of permeate through through people who are obviously not as
hyper aware of the news. But I'm going to guess
in two to three years from now, people are going
to really kind of see the benefits from all of
you know, within the country, the benefit of all of
(16:56):
all this one.
Speaker 7 (16:57):
Being brought to light. But then number two, most importantly.
Speaker 8 (17:00):
Stop.
Speaker 1 (17:02):
Tell me about the border patrol guys, Right, now I
know you have many, many friends in that organization. They've
got to be doing freaking backflips.
Speaker 7 (17:11):
It is really big.
Speaker 6 (17:12):
Yeah, I mean, obviously this is something that they've been
waiting for a very for a very long time. Even
just the other day, one of them texted me being
just extatict over how the PRIDE web page for Customs
and Border Protection had been taken down, because that has
nothing to do with the mission at hand, right, that
has nothing to do with, you know, all the effort
(17:33):
to to you know, in theory securing the border, which
obviously wasn't happening in the past four years. So, I mean,
just the fact that even if you look at what Texas, right,
I mean, Texas was really the epicenter for many years
because it shares, you know, the largest part of the
border with Mexico.
Speaker 7 (17:49):
I mean, the border crossings are down.
Speaker 6 (17:50):
I mean five hundred crossings a day, three hundred I
legal crossings a day.
Speaker 7 (17:54):
I mean that is astounding.
Speaker 6 (17:56):
I mean we would see five hundred people at a
single time during the day, and so to see that
this being all along the border, this really just shows
how one this was being allowed to happen. You know,
this was being encouraged to happen by the US government,
by the Bien Harris administration. And two, it just shows
how idiotic the quote unquote by partisan border build that
(18:17):
was being proposed in the Senate last year.
Speaker 7 (18:19):
Is how much of a farce that was.
Speaker 6 (18:21):
Because they say, oh, actually we need to allow up
to five thousand legal crossings a day before an emergency declaration.
It's like, no, that that was totally unnecessary, that was
totally it was just it was just a shell game.
Speaker 7 (18:31):
It was just playing politics, as as DC likes to do.
Speaker 6 (18:34):
So yeah, I'm finally glad that that aspect is over.
But as you know, now we're shifting to the interior
enforcement and the removals. I mean that that's kind of
the next that is the next big battle. And that's
why Tom Holman is literally today, you know, it was
begging Congress for more money because like sure, he said,
the numbers are good in terms of arrest, you know,
(18:56):
they're trending in a good direction, but it's not good enough,
especially with you know, they only have four years for
guaranteed years to kind of undo the damage.
Speaker 7 (19:06):
Of the previous four years.
Speaker 1 (19:08):
Yeah, four years, six thousand ice agents about fifty million
legals to get out of the country. The math doesn't
exactly pencil out there. Julio, my brother, thank you, come
back to join us soon.
Speaker 2 (19:18):
Sepifi, of course. Thanks all right, Benjamin.
Speaker 1 (19:23):
Winegardens all over this government corruption. Let's talk about the Pentagon.
That audit is still to come. We'll dig into this
USAID stuff some more before we get to Benjamin, let's
talk about expenses. Do you ever have to do expenses
with your company? How much time would you say your
company spends on expenses?
Speaker 2 (19:42):
We have to categorize this. I need the proceeds for that.
You got to run this down, run that down. I
got through to my house. My wife does the expenses,
always figuring out what'd you buy here? Where would you But.
Speaker 1 (19:55):
You know there's a card, there's a corporate card who
takes all that away.
Speaker 2 (19:59):
How much time would you see?
Speaker 1 (20:00):
How much money would you save if you could just
use a card called Ramp and it does it all
for you. That card exists. Go get the Ramp card.
It'll make your life so much freaking easier. Categorize it
gets everything laid out for you. It's like having your
own finance team, only it's your own card, So go
(20:21):
pick one up and now, for a limited time, listeners
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when you join RAMP. Just gotta ramp dot com slash Jesse.
That's ramp dot com slash Jesse cards issued by Sutton
Bank Member FDIC.
Speaker 2 (20:39):
Terms and conditions apply. We'll be back.
Speaker 1 (20:50):
Well, you may be a little bit bummed out when
you check your bank account. You're trying to figure out
how you're going to pay for college for little Aiden,
Jaden and Braden who you're raising. But I have great
news for you. You have already paid for the college
of others. Not granted they appear to be scumbag terrorists,
but hey, you paid for somebody's college. Joining me now,
Benjamin Winegarden, Editor at Large of Real Clear Investigations. Okay, hey, Ben,
(21:15):
have we been paying for terrorists to go to college
in this country?
Speaker 9 (21:19):
Paying for terrorists to go to college, paying for terrorists
to be able to build their heroin businesses, to fund
their Jihannis efforts to take out Americans and our allies.
And you know, as you were doing that intro, I
was thinking, the way to pay for your kids college
is to set up a democracy focused NGL and then
use the funds to underwrite their education.
Speaker 8 (21:41):
That's the way to do it.
Speaker 1 (21:43):
God, it's just I feel so filthy even discussing how
horrible this system is. Okay, Ben, So for all the
people who are a little confused on what we're talking about,
break down some details.
Speaker 2 (21:55):
What do we discover today?
Speaker 1 (21:56):
With the next with the newest USAID discussies?
Speaker 8 (22:02):
Where to begin?
Speaker 9 (22:03):
There's so many different layers to the scandal of the
fifty billion dollar a year so called independent and I
guess acting as an independent agency of the federal government.
And I think the easiest way to think about it is,
first you have the radical gender ideology and sexual perversion
side of things, which is quote unquote lgbtqia, plus advocacy
(22:27):
in countries all over the world, funding of of course,
chemical castration and hormone therapy, including for minors I believe,
in foreign countries, guides on how to keep yourself safe,
primarily in the Middle East, to the extent you're an
LGBTQ advocate, so probably generating some resentment from foreign regimes.
(22:51):
Then you get to the things like to your point,
hundreds of millions of dollars or more that have ultimately
redounded to the benefit of the Taliban and Afghanistan HOTTA.
Speaker 8 (23:00):
Groups in Syria.
Speaker 9 (23:02):
And beyond, of course the funding to the Eco Health Alliance,
which ultimately ended up in the Wuhan lab and contributed
to the pandemic that destroyed our liberty, our finances. And
beyond and then beyond those disastrous efforts, I think is
the fact that this sort of colorful revolution type work
(23:24):
and the funding of jihadis really diverts our gay is
from the regime change kind of behavior that USAID has
been behind for years. And you know, during the Cold
War when USAID was created, there was a soft power rationale.
It was you have to promote democracy in parts of
the world that the communists controlled, to undermine them, contain them,
(23:48):
and ultimately triumph over them. But the problem is essentially
that today's Marxist took over USAID and all of these
other institutions in the fact eral government and have used
that to export their revolution abroad and really ultimately undermine
us with our tax dollars. And the last part I'll
(24:10):
make briefly is this has basically been an administrative state
that we have been funding via these NGOs some foreign
and some domestic, that serves as an extension of the
government administrative state, totally unelected, unaccountable, paid for with our
tax dollars to spread left wing radicalism around the world,
(24:32):
and of course line the pockets of the allies of
our government here at home.
Speaker 1 (24:38):
Good God, it so gross, Ben, What about media organizations?
Speaker 2 (24:44):
At least at least.
Speaker 1 (24:45):
Tell me I haven't been going to work every single
day and the government sticking its filthy fingers in my
wallet and handing it to media organizations who hate me.
Speaker 2 (24:53):
That hasn't been happening, right, Ben.
Speaker 9 (24:57):
Got some bad news. Unfortunately for you. You've been funding
primo subscriptions to Politico Pro and subscriptions to the New
York Times and the AP and Bloomberg services and Reuter
services and beyond, and amazingly the gas lighting from these
news outlets, who, as you noted, hate your guts. Is that, well, look,
(25:21):
government agencies, government agents need to be able to read
the vital information, much of which the government agencies themselves
leak to these outlets that they produce in their premium
and paywald content and beyond it. My view is as
perverse as it is that our tax dollars are paying
for subscriptions for government agents to read obviously bias publications.
(25:45):
Of course, you know they're not funding any conservative outlets
via these subscriptions.
Speaker 8 (25:50):
Even more perverse is.
Speaker 9 (25:52):
That while on the one hand they pay them off
to some degree in millions of dollars in the case
of Politico for example, on the other hand, and the
government has also labored with hundreds of millions of dollars
to create the censorship industrial complex that suppresses and seeks
to destroy the business models of news and views from conservative.
Speaker 8 (26:13):
And independent sources.
Speaker 9 (26:15):
That's a subsidy that's worth many, many times the amount
that we pay through our tax dollars effectively for subscriptions
to these regime media outlets that effectively do the regimes
bidding by printing the narratives they want, serving as conduits
for leaks from our intel agencies, for example, like the
Russia Gate hoax or the fifty one intelligence officials saying
(26:37):
that hunter Byden laptop story has all the hallmarks of
Russian propaganda Russian information operation. Even more perverse is how
they worked with these quote unquote anti disinformation missed dismount
information NGOs to pressure the social media companies to censor
people like you and me, and news and opinion outlets
(27:00):
that put forth dissenting views to basically silence the other
side and prop up the regime media outlets. We haven't
even begun to calculate how much that has been worth
to them, but it's damaged the republic potentially to an
irrevocable degree.
Speaker 8 (27:15):
And it's amazing.
Speaker 9 (27:16):
I would say that despite all that, still we're basically
a fifty percent plus one country.
Speaker 1 (27:23):
Really, it is amazing when you consider everything that's been
stacked against us and they still got their butts kicked
in an election. All right, Ben, I've been trying to
warn people that obviously USAID is horrible, maybe the worst
of the worst. It's really really, really, really really bad.
But they haven't even gotten to the Pentagon yet.
Speaker 2 (27:40):
So far. What we've seen is just the tip. There
is so.
Speaker 1 (27:44):
Much more coming and people are going to be mortified
at what they find in that building.
Speaker 9 (27:50):
You're absolutely right, and to that point, people don't need
to look any further than the effectively the Inspector General,
the Cigar reports with regard to Afghanistan and the boon
doggles there and what we ended up funding and how
we ended up undermining the mission to the extent there
was a mission with any clear objectives there put Afghanistan,
(28:11):
which was a massive boon doggle and ultimately ended in disgrace.
Put it on steroids. And that tells you where we
get to with the Pentagon, not to mention.
Speaker 8 (28:21):
Of course, the intelligence community and beyond.
Speaker 9 (28:23):
We've already heard that one hundred billion dollars are just missing.
Speaker 8 (28:26):
We have no idea with respect to Ukraine.
Speaker 9 (28:29):
So imagine across the entirety to your point of the
Pentagon and the intelligence community, with the secrecy that's built
into them, definitionally, and then all the people who benefit
from the misuse of these agencies which are absolutely vital
on their face to keep us safe, which you served in.
We can only imagine the corruption, the waste, fraud and abuse,
(28:52):
and how they've been used to undermine our interest and
line the pockets of people here at home with our
tax dollars. I'm sure real fight's going to start there.
And then of course with medicare.
Speaker 1 (29:04):
Oh gosh, God only knows what we're gonna find with medicare.
All right, Ben, Before I let you go, Pam BONDI
I opened up the show.
Speaker 2 (29:12):
I don't know her, I've never met her. I only
know her by reputation.
Speaker 1 (29:17):
But does she have what it takes to get fangs
and throw government people in prison? Not resignations and revoking
security clearances. That's not near enough to stop the communist
revolution from inside of our government. Does do you think
this woman has what it takes to send government people
to prison?
Speaker 9 (29:36):
I think Pam Bondi, along with Cash Patel, who himself,
as he noted in his confirmation hearings, has been targeted
by a weaponized and hyper politicized national security and law
enforcement apparatus. When you look at what they've put out
in terms of the weaponization working groups so called, that
they've developed, and what they're going to be probing, undoubtedly
(29:56):
they are going to find myriad crimes there, including the
very crime that Donald Trump himself was charged with, essentially
taking away the rights of Americans under color of law.
We've seen that on steroids to the hilt with all
of these different weaponized prosecutors at the federal, local, at
federal level and on down. So if they pursue the
(30:19):
merits of the cases, and I believe they will, there
have to be criminal charges. Anything else would further the
injustice and further undermine our republic.
Speaker 1 (30:28):
At the end of the day, Yeah, no doubt, Ben,
that was awesome, brother, Come back soon, please welcome anytime.
Speaker 8 (30:36):
Thanks for having me.
Speaker 1 (30:40):
Hey, it's hard for me to hear this stuff too,
all right. I wake up every day. Look, it's a
good time because we're exposing it. But it's hard to
go with the doctor's office after you got your blood
work done and find out you're very, very, very sick.
Speaker 2 (30:56):
Now it's better that you know. We know, but it's
hard to hear.
Speaker 1 (31:00):
Just keep your chin up one day at a time,
keep cleaning this crap out, all right.
Speaker 2 (31:06):
In the meantime, get yourself some sleep. Dream Powder will
help you with that.
Speaker 1 (31:11):
Maybe you wake up every morning and you look at
your phone in your arm.
Speaker 2 (31:15):
Raging all day long. Tough to sleep. But dream powder.
Speaker 1 (31:19):
It's hot chocolate, except it's got melowtone and a natural
things in one hundred percent drug free. I sip on
a cup of hot chocolate whenever I must have a
good night's sleep, and I just drift off to sleep.
I wake up eight hours later, and I don't feel groggy,
I don't feel heavy, I feel like I got natural
sleep because I did sleep like.
Speaker 2 (31:40):
That every single night.
Speaker 1 (31:42):
Shopbeam dot com, slash Jesse Kelly, get you up to
forty percent.
Speaker 2 (31:47):
Off, we'll be back.
Speaker 1 (31:57):
Okay, this is going to be a conversation I'm going
to enjoy because Trump is rolling out tariffs. And as
I told you before, Trump loves tariffs. He has an
older order might not even be appropriate, a different, more
protectionist view of it. Very much a Teddy Roosevelt Republican.
Everyone thought he was just threatening Canada and Mexico. So
(32:18):
they throw some Mexican troops on the border.
Speaker 2 (32:20):
And as I.
Speaker 1 (32:21):
Told you, yeah, it's part negotiating tactic. But he's bringing tariffs.
He loves them, he always has. He believes in them.
Joining me now to talk about them, the moves, the
potential counter moves, and other things. The wonderful Carol Roth,
who knows a lot about this stuff, author of the
book You Will Own Nothing. In fact, she's wrote a
lot of wonderful books at this point in time. Okay, Carol,
(32:42):
as I've explained to people, Trump is a tariff lover.
It's a very much an older Republican way of thinking.
Speaker 2 (32:49):
But this is what he loves. It's what he believes in.
Speaker 1 (32:51):
I don't care how many Canadians get put on the border.
Speaker 2 (32:54):
Tariffs were always coming for somebody.
Speaker 10 (32:57):
I love the fact that they keep talking about, Well,
in the eighteen hundreds, we had all of these tariffs
and it paid for everything. Okay, we're not in eighteen
hundred anymore, people, We're in twenty twenty five. Our economy
looks nothing like it did in the eighteen hundreds, the
currency looks nothing like it did in the eighteen hundreds,
our fiscal foundation looks nothing like it did in the
(33:18):
eighteen hundreds. So, you know, while that's a nice, you know,
thing to say, it's a completely irrelevant data point. And
as I've mentioned to you prior, Jesse, you know, I'm
sort of a centrist on tariffs.
Speaker 11 (33:31):
There are things.
Speaker 10 (33:32):
That we absolutely need to be producing here in the
United States. I know you will probably agree with me
when I say, you are defense industry should not be
outsourced to China. We cannot depend on them for our defense.
And you know, they're not going to be super excited
to make things like weapons and components for US.
Speaker 11 (33:52):
If we're potentially going to attack them.
Speaker 10 (33:54):
So there are things from a national security standpoint that
it makes sense for us to reshore and use tariffs
as a means to incentivize that. There are a whole
bunch of things that it makes absolutely no sense to reshure,
and we couldn't do it if we wanted it because
the cost of those goods and services would be so
high that nobody would buy them. And this idea that
(34:15):
somehow we're going to eliminate the income tax and replace
that with tariffs like was done you know back in
days Yonder, is absolutely insane because from a math perspective,
that is never going to work. So now we have
for the situation where I do think that there is
a little bit of art of the deal. You know,
what somebody said about Trump is that you should take
(34:36):
him seriously but never literally. So there are there is
some scoring of some points and some bravado, but you're
absolutely right. He likes tariffs and he sees that as
an interesting, you know, out of the box way of thinking.
Speaker 11 (34:50):
I do think there are.
Speaker 10 (34:51):
Other people in the administration that have other out of
the way, out of the box ways of thinking. So
it'll be interesting to see how it all plays out.
But this discussion is not going away for sure.
Speaker 1 (35:04):
Keryl, let's rewind just a little bit, because then we
all want to get smarter, myself included, Lord knows I
need enough help with that. What's different now you said
was we're not at all the same.
Speaker 2 (35:16):
As we were in the eighteen hundreds. I agree with you.
Dumb that down so I can understand it. What does
that mean?
Speaker 10 (35:23):
So you know, if you think about the currency that
we have, you know, we have the global reserve currency,
something that we didn't have prior. We have a currency
that is fiat that's not backed by anything other than
the promises of the government. We have debt to GDP
at one hundred and twenty plus percent. We're running deficits
(35:43):
that are wartime level deficits between six and seven percent
of GDP. We have because of our currency, we have
dollar strength that needs to be considered visa v not
unfortunately a bag of groceries, but strong again other currencies
in the world. We have a global market that depends
(36:05):
on the US treasuries not only to finance the government,
but as a safe haven for the world. So we're
in this very complicated scenario. We also have a service
based economy, right, so you know it used to be
that the economy was based on manufacturing goods and now
seventy percent of that is based on services. So I oh,
(36:29):
by the way, you have a government that takes in
five trillion dollars of our money every year, more than
the GDP of every other country in the world except
for the US and China, and now, as you know,
spending seven trillions.
Speaker 11 (36:42):
So you know, I think if you kind of.
Speaker 10 (36:44):
Line that up to what things look like in the
eighteen hundreds, it's a little bit different.
Speaker 2 (36:50):
Okay, So what does this mean for me and my wallet? Carol?
Speaker 1 (36:53):
I have two kids, I have a wife who likes purses.
What does this mean for me? Am I going to
get poorer in the short term and the long term?
Speaker 2 (37:01):
What does this mean?
Speaker 7 (37:03):
Well?
Speaker 11 (37:03):
I think it could mean a lot of things.
Speaker 10 (37:06):
I think if Trump wants to continue to do tariffs
on everybody and their brother, there are a couple things
that are going to happen. There is going to be
a direct impact if you decide to buy a foreign
good instead of a US based good, and you know,
maybe you can convince your wife that she should buy
US designers instead of something fancy from Europe. I don't
(37:28):
know how that's going to go I'm going to stay
out of that situation. That's your problem, not mind, Juffie.
But there's also you know, the idea of what's going
to happen with the strength of the dollar. Tariffs increase
the dollar strength, which means that they're going to probably
have to find a way to weaken the dollar if
they want to do tariffs, which means, and we've talked
(37:48):
about this before, that that could create an inflationary scenario,
which we know is coming.
Speaker 11 (37:53):
Anyway, because there are a whole million things.
Speaker 10 (37:55):
That are going to create an inflationary scenario, and it's
already on the on the rise again. So I do think,
you know, as all of these things get sorted out,
one is that you should be considering buying us over
what is being manufactured abroad. But the reality is that
I think that life is going to continue to stay expensive.
(38:18):
We're not going back to prices you know, of what
they were five years ago. That is a pipe dream.
So the most important thing that you can do is
you can ask for a raise, Jesse. So I'm gonna
hear I am asking your bosses give Jesse a raise,
because he's going to be the extra money to help
buy his wife purses and other you know kind of
cost of living.
Speaker 11 (38:36):
So everybody needs to make sure their.
Speaker 10 (38:38):
Wages are keeping pace because that's the only fight that
we really have against inflation. And also, as we've talked
about before, you know, over time, and I'm sure they're
going to come down at some point, but over time
you expect that hard assets, stocks, things like that are
going to inflate as everything else inflates, as we have
seen over the past you know, decade or so.
Speaker 1 (39:01):
Carol, what does China do in response to all this?
Because China obviously he's coming coming with tariffs for China,
there's no if, ans or but around it. So China
is reportedly building a fortress to prepare for these tarffs.
Speaker 2 (39:16):
What does that mean? It sounds great, What does it mean?
Speaker 10 (39:19):
So one interesting thing, and this made completely divert our conversation,
but you know that's fairly normal for me, is that
China's been stockpiling gold and it has been doing that
for many, many reasons. One of them is to decrease
the dependence on the US dollar. Another is to create
a way to settle their own trade if they're trading
(39:41):
with other countries and somebody doesn't want to accept their
currency to offer credible settlement in terms of gold. So
this could end up in a situation where there's a
meeting of the minds here and for all of these
different points that are going on, there could be a discussion,
Well maybe we should, you know, write up and all
(40:02):
agree that the price of gold is higher than it
is because it's suppressed anyway, if that happens, and we're
going to dive it from China for a second, by
the way, you know, right now the US has gold
on its balance sheet at just over forty two dollars
an ounce, and we know that it's trading at over
twenty nine hundred dollars an ounce today. So if the
(40:23):
US and China agree, well, if they were to just
write it up to the twenty nine hundred dollars, that
would then give them like something the area of like
seven hundred and something billion dollars that they would then
be able to have in their treasury account to spend
monetization of gold. But if they all agreed to write
(40:45):
it up even higher, Hey, now gold is you know,
four thousand dollars an ounce, erve six thousand or whatever.
It is not only will that help the US, help
to weaken the dollar, do all the things that we
had just been talking about, but also potentially be a
boon for China and a way to kind of get
around all these other machinations that are going on.
Speaker 7 (41:05):
So I would.
Speaker 10 (41:06):
Imagine that there is going to be some table meeting
with China because the reality is we do depend on
them still for quite a lot of things, but there
is sort of this concern that we need to get
around that China has, you know, some issues, but it
also has some strength. So this is like a really
big game of I don't know if it's risk. I
(41:29):
don't know if it's forty chess. I don't know what's
what the appropriate analogy is. But as I've been telling
you for a while, you know, the global financial order
is on the precipice. It is going to shift, and
I think we're going to see that start to come
to fruition, sooner versus later. It could be this year, Jesse.
Speaker 2 (41:49):
Girl, Have I ever.
Speaker 1 (41:50):
Told you how dominant I am at risk? Just absolutely dominant, undefeated.
Speaker 2 (41:54):
No.
Speaker 1 (41:55):
But when I sit down and play risk, I guess
just Napoleon in me. Our minds work differently on dominant
at risk.
Speaker 11 (42:02):
I feel like you should put that on your resume.
Speaker 10 (42:04):
That should actually be probably like you know, and that
the top thing is that dominant at risk.
Speaker 2 (42:10):
Yeah, yeah, I.
Speaker 1 (42:11):
Should Carol shifting gears a little bit, but just because
it matters to people interest rates. You know, people they
want cars and they don't want to pay these ridiculous
interest rates. They want to own a home one day.
What a shock, the American citizen wants better interest rates.
Are we ever going to get those?
Speaker 2 (42:30):
Oh?
Speaker 10 (42:30):
Lord, not anytime soon, unless, as we've been talking about,
there is this weird out of the box thinking and
resetting of rates.
Speaker 11 (42:40):
I have been telling.
Speaker 10 (42:41):
You for years and your viewers and listeners for years
that what the FED is doing doesn't matter, that there's
tool set just doesn't apply to where we are. And
I have been proven right because you know, when the
FED hiked interest rates initially, what happened to yields on
the ten years and then ultimately everybody's interest rates as
(43:01):
went up, right, But what happened when they started cutting
interest rates feels one up again.
Speaker 11 (43:07):
And that's because they no longer have that control.
Speaker 10 (43:11):
It is being determined by the market, is being determined
by fiscal policy and their own policy is completely off
the table. So, as I noted, right now, the yield
on the ten year is rising again. It's getting to
levels that are potentially concerning, even amidst the fact that
we had these rate cuts previously from the Fed, and
(43:32):
those are unfortunately what is going to drive a lot
of the rates in the market, especially on the mortgage side.
Speaker 11 (43:41):
That is a relevant point as well as demand for mortgage.
Speaker 10 (43:44):
Backed securities, and we just don't have the demand and
the market for all of the treasuries that we're issuing
for the mortgages. So I feel like for the time being,
rates are going to get higher.
Speaker 11 (43:59):
Now, what could happen is that there is a break point.
Speaker 10 (44:02):
There is a point which we're getting close to where
rates will become too high, particularly on a ten year
as the benchmark, and that could send us into a
debt spiral that could end up breaking the global financial
markets if we get to that level, and again we're.
Speaker 11 (44:18):
Get we got real close to it.
Speaker 10 (44:20):
We've come back off a little bit, but like we're
in that neighborhood. The Trump administration does not want that
to happen. They cannot afford for that to happen for many,
many reasons. And so that means again, you may see
some kind of an interventionist policy to try to bring
down interest rates, and whether they go crazy and say, oh,
(44:41):
we're going to bring them way down so we can
refinance the debt and people can have better mortgage rates
and all these kinds of things, or they do kind
of an interim step is really anyone's guests, But it's
not going to.
Speaker 11 (44:54):
Come from free market forces.
Speaker 10 (44:56):
Is going to become because they are forced by our
fiscal situ suation to come in and do something quote
unquote creative. And that's again why I'm in the camp
of seeing persistent inflation, because they would rather have goods
and services be a little bit higher than bust the
entire financial system or cause a massive recession or whatever
(45:17):
it is. And so those are going to be the
choices at hand, and which one, politically do we think
they're going to pick. They're going to pick a little
bit more inflation. It's just the unfortunate choice that they're
going to have to make.
Speaker 1 (45:30):
Yeah, God save us from central planners getting creative. Gosh,
that would be a freaking disaster. Kill Roth, Thank you, ma'am.
Speaker 2 (45:38):
Come Max sou all right, lighten the mood. Thanks, all right,
it is time to lighten the mood.
Speaker 1 (45:57):
And you know what lightens my mood the knowledge that
the greatest book ever written, The Anti Communist Manifesto by me,
came out today in paperback.
Speaker 2 (46:07):
Did you know, Matt?
Speaker 1 (46:08):
I know it was already out in hardcover and national bestseller.
Speaker 2 (46:11):
Now that I would brag anting like that, but today
you want the.
Speaker 1 (46:15):
Paperback version, you can get it, Jesse Kellybook dot com
is where you go.
Speaker 2 (46:19):
Do that now. I love a good troll as much
as anybody, especially when it comes to trolling CNN.
Speaker 1 (46:26):
Elon Musk, the richest, one of the most powerful men
in the world, decided to change his name on social
media in an effort to get reporters to have to
say it on air, and well, mission accomplished.
Speaker 3 (46:40):
Now, the disruptor in Chief, Elon Musk, who apparently has
adopted the alias at least he changed his social media
handle to Harry Balls, tweeted this morning, democracy in America
is being destroyed by judicial coup.
Speaker 2 (46:55):
All right, I'll see them
Host
Jesse Kelly
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