March 13, 2025 • 48 mins
There's A LOT of things happening right now, making it easy to overlook what's happening in the battle against the deep state. Jesse Kelly has you covered on some BIG news happening in the intelligence agencies. This comes as President Trump has cut a major department in HALF. Ned Ryun is Jesse's guest to react. You'll also hear from Congressman Scott Perry, who explains why he voted for a continuing resolution for only the second time in his career. Plus, the latest news on inflation and tariffs from Carol Roth.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Nobody voted for this. We'll talk about that tonight. What
that means when people say that, We're also going to
talk to Ned Ryan. We're firing government employees. Pash Patel's
about to do what's in this cr that just passed.
All that and more coming up on I'm right, nobody
(00:27):
voted for this. Have you heard any of the libs
saying that in the past month or so? Of course
you have. It's become their new thing. Whenever Trump does anything,
they will say something along the lines of, this isn't
what people voted for.
Speaker 2 (00:42):
People didn't vote for this. You could see it.
Speaker 1 (00:44):
With the Department of Education came out yesterday. Half the
staff's getting fired, they're shutting down the building. You saw
people all over the media. Nobody voted for. This isn't
what America voted for.
Speaker 2 (00:55):
And the irony in.
Speaker 1 (00:56):
That, well, there's a couple ironic things about that. First,
Donald Trump campaigned openly on all of these things. All
of these things. You can get mad at Trump, you
can love Trump, and I don't care how you feel
about it. I don't care about it, doesn't matter to me.
But you cannot call Donald Trump a liar. Donald Trump
campaigned openly on the most right wing based general election
(01:23):
presidential platform I've ever seen in my life. Every other Republican,
including Trump, the first time after they win the primary,
they kind of, I don't want to say moderate, that's
not fair to a lot of them, but they really
kind of tweak this and tweak that, trying to make
sure things are more palatable for the norms and normas
who don't understand politics. Donald Trump didn't do that at
(01:44):
all this time. He won the primary, storm through the
primary with ease, and continued while he was the Republican
nominee to talk about the elimination of the Department of Education,
to talk about the draining of the swamp, to talk
about taking possession of Greenland. It's not like Donald Trump
was hiding any of these things. He talked about tariffs.
You see all these people in the news right now. Tariff,
(02:06):
this tariff that nobody voted for this. Donald Trump campaigned
and said that's what he was going to do.
Speaker 2 (02:11):
So people did. But enough of that.
Speaker 1 (02:15):
I want to talk about me, the FBI, the intelligence agencies,
cash patail. Nobody voted for this. I said, it's kind
of funny. They say that for two reasons. The first
I already went over. But here's the second reason. I
know trends are a thing. Group trends are a thing.
We can talk about that, and we do on the show.
Men do this, women do that, White people do this,
(02:36):
Black people do that, Mexicans do that, Catholics do this,
Mormon stupid. But we can generalize. That's fine from time
to time. But you're an individual, no matter who you are, man, woman, child, old, young,
your belief system, your skin color, You're an individual who
makes individual decisions. So you really shouldn't ever say people
(02:57):
didn't vote for this, because people vote for different reasons.
I personally know a bunch of different people in different
walks of life who voted for Trump for reasons that
I won't say didn't enter my mind, but they certainly
aren't what drove me to the polls. I know of
a young couple, extremely health conscious. They are these fitness
(03:19):
jim freaks. They just are good for them. They're very healthy,
they look fantastic. They raised their children to be fitness
jim freaks. They're the couple they don't look maybe they
take it too far, I don't know. They don't trick
or treat on Halloween, no candy, that kind of thing.
But who cares, right, it's their kids, their life.
Speaker 2 (03:36):
Very healthy way to live. Go ahead.
Speaker 1 (03:38):
They voted for Donald Trump because of they'll make America
healthy again stuff. Did that drive you to the polls?
I saw it, I liked it. Didn't drive me into
the polls. I'll be frank with you.
Speaker 2 (03:48):
Low taxes didn't drive me into the polls. And I
hate taxes. You know what drove me to the pools.
Speaker 1 (03:54):
I was going to vote for Trump either way as
soon as he became the Republican nominee. Why did I vote, though,
Why was I so excited to vote? I voted so
government people can go to prison. And I believed then
and I believe now, that electing Donald Trump as President
of the United States of America gave me the best
chance to see government people going to prison. I don't
(04:17):
say that as a vengeful person, even though I probably
am a vengeful person.
Speaker 2 (04:21):
I say that because I.
Speaker 1 (04:22):
Believe that is the only way the United States of
America can be saved long term.
Speaker 2 (04:28):
That is, if government people go to prison.
Speaker 1 (04:29):
Now, therefore, future criminals who take positions inside of the
government will be too afraid to commit crimes. I don't
think it's a side issue.
Speaker 2 (04:39):
Not for me.
Speaker 1 (04:40):
You may feel differently. For me, sending people to prison
is not a side issue. It is the issue that
for me, again, for me, will define whether or not
Donald Trump two point zero is a success or a failure.
If his four years end in government people aren't in prison,
I will consider his presidency a failure. If his presidency
(05:01):
ends in four years and maybe inflation is still a
little bad, but government people have gone to prison, I
will consider his presidency a success that brings me to
things like the FBI. Cash Betel sworn as FBI director. Now,
I understand my desires may very well be your desires.
Maybe you're sitting there cheering and saying, yes, government people
(05:21):
have to go to prison.
Speaker 2 (05:22):
Good. Good sounds good.
Speaker 1 (05:24):
And I understand because of that, we can, all myself included,
get impatient. We want it, we want it now. So
I understand that I get that about you. When I
get that about me, I also understand things take time.
Cash Betel's talking today about a lot of things, exposing
(05:44):
some bad people inside the FBI. Criminal referrals referrals do,
keep in mind, just means he makes a recommendation to
pambondy Ag. Then once again it's up to Pambondi to
decide what to do about it. But okay, that sounds good.
I'm all on board. Yes, I know these things take time.
From what I have observed the Trump administration when it
(06:08):
comes to things like sending people to prison, mass deportation,
they are being very deliberate about it, trying to make
sure the t's are cross, the eyes are dotted, making
sure they have the right things in place at the
right time to do it the right way. And because
I understand that, I'm not sitting here screaming at anybody.
(06:29):
All I've seen and heard are impressive things from cash Ptel.
But just to make my point crystal clear. You remember
the guy in the New York Field office, right the
FBI New York Field office. You remember him, Hopefully you
remember him. He was the one directly after the election.
James Deneghey used his name. He's the big cheese in
New York City. He's the FBI guy who told his
(06:53):
agents to dig in right after Trump was elected. He's
a man who views his role, well his former role
now at the FBI, as stopping the reforms the American
people voted for. That's what he viewed him and most
of the communists inside the federal government, they view that
as being their role, not serving you, not saving the country,
(07:15):
not chasing down crime. They view their central role as
protecting American communism from the American voter and Denihee when
he was let go, he was let go to a
hero's sendoff.
Speaker 3 (07:33):
Extraordinary scene outside of the New York FBI office in
the last hour. Assistant Director in charge James Denahey, who
was forced to resign under pressure this week, left the
building to cheers from hundreds of his colleagues and the
sound of bagpipes. He was forced out after clashing mac
Donald Trump's Justice Department after the removal of senior FBI
(07:55):
leaders in requests for the names of agents who worked
on the January sixth cases. He told the gather that
he will be their quote best cheerleader on the outside.
Speaker 2 (08:07):
Just to be clear, doesn't matter your thoughts on Trump.
Speaker 1 (08:09):
Republican Democrat Donald Trump got elected President of the United
States of America. Pam Bondi's the attorney general.
Speaker 2 (08:16):
She is most definitely over the FBI.
Speaker 1 (08:19):
She told James Denahee that he must deliver documents to her.
James Denaghee, being a committed communist inside of the government,
decided he was going to resist that order.
Speaker 2 (08:30):
He then got fired.
Speaker 1 (08:31):
For resisting that order, and he didn't walk out of
the building with a hoodie over his head in disgrace,
moving to Montana to change his name. He walked out
of the building to bagpipes at a bunch of other
communists at the FBI, celebrating him on the way out
the door. The rot is so deep inside of this
federal government. Even if we have the most committed Trump
(08:54):
administration we've ever had in this country, I'm still not
sure they will be capable of clean it out in
four years. But just know the cuts must be very,
very deep, and they must do things that are going
to shock you.
Speaker 2 (09:09):
These people have to go to prison.
Speaker 1 (09:12):
If they are not sent to prison, retirement's not near enough.
If they are not sent to prison, then we're just
going to get another Democrat in there at some point
in time who's going to do all the same things,
if not worse, and the communists inside of the government
will do it without fear. If government people do not
go to prison, we cannot save the United States of America.
(09:34):
I don't care how secure the border is, how good
inflation gets, how.
Speaker 2 (09:37):
Low taxes are.
Speaker 1 (09:39):
We cannot save the United States of America without government
people going to prison. Once your government has become an evil,
criminal organization the way ours are, well, the only way
out of that is sending criminals to prison. You can't
break up the American mafia without sending mobsters to prison.
And you can't save the United States of America without
sending fbia as to prison.
Speaker 2 (10:01):
I ever heard of Elvis Chan, Sure that you have.
Speaker 1 (10:03):
You know, the Elvis Chan who took his position as
special agent and used it to ensure that a damaging
story of Hunter Biden did not see the light of
day on Facebook.
Speaker 2 (10:13):
That way, Joe Biden could win an election. You know this,
Elvis Chan.
Speaker 4 (10:19):
I was very involved our field office FBI San Francisco
was very involved in helping to protect the US elections
in twenty twenty. And I think we can all agree,
or I think many of us can agree that it
was a very safe election.
Speaker 5 (10:34):
We talked with all of these entities I mentioned regularly,
at least on a monthly basis, and right before the election,
probably on a weekly basis.
Speaker 6 (10:43):
Right if they were.
Speaker 5 (10:44):
Seeing anything unusual, if we were seeing anything unusual, sharing
intelligence with technology companies, with social media companies so that
they could protect their own platforms.
Speaker 1 (10:55):
Right, See how Smuggy is not afraid at all, bekout
how proud of himself he is.
Speaker 7 (11:04):
We can all.
Speaker 1 (11:05):
Agree it was pretty safe. Used his position as special
agent in the Federal Bureau of Investigation to election year
on behalf of Democrats and ensure Donald Trump could not
win reelection, brags about it on camera. Firings are not
(11:25):
near enough. I'm happy to hear the things cash Betel
said today. I choose to believe at this point in
time that they are being deliberate so they can ensure
these things are done right, so that people, when arrested,
will be arrested the right way, tried the right way,
convicted the right way. These things take time, you have
(11:46):
to check the proper boxes. I'm choosing to believe that
is what is currently going on, and I choose to
believe that because there is no other way to save
the country except by sending these people to federal prison.
All that may have made you uncomfortable, but I am right.
We have so much more to get to today now.
I need to tell you what happened to me. You know,
(12:11):
you know I woke up at four thirty am this morning.
Why I was a little tired last night. Kids were
doing homework. It's exams this week. Bob was reading a book.
And I know it makes me sound lame, but it
was eight o'clock. I decided I wanted to go to bed.
I know that's pathetic. I poured myself a little cup
(12:31):
of hot chocolate with dream powder from being It's got
the natural things in it that help you sleep.
Speaker 2 (12:38):
I would sleep.
Speaker 1 (12:40):
I woke up at four thirty this morning, eight hours
ready to take on the day, so so energized. That's
what dream powder will do for you. I want to
go to bed at eight thirty. Go to bed at
eight thirty, go sleep like a little baby. Shopbeam dot com,
slash Jesse Kelly, you up to forty percent off.
Speaker 2 (13:02):
We'll be back.
Speaker 6 (13:11):
We have a dream, and you know what the dream is.
Speaker 5 (13:13):
We're going to move the Department of Education.
Speaker 8 (13:15):
We're going to move education into the States so that
the states, instead of bureaucrats working in Washington, so that
the states can run education.
Speaker 1 (13:26):
Yes, wonderful, good for Trump. And like I said in
the beginning. It's wild people complained that nobody voted for this.
Donald Trump campaigned on this. He didn't slip one by you.
After he got elected president, told you that's what he
was going to do. The American people heard him, voted
for it, And now we're actually getting what we voted for,
which is really weird. Joining me now and my friend
(13:46):
Ed Ryan, author of the wonderful book American Leviath and Ned,
my goodness, I can't even imagine how thrilled you must
be at this exact moment.
Speaker 2 (13:57):
I really am.
Speaker 7 (13:58):
Jesse.
Speaker 9 (14:00):
To me is one of the most important things. But
I think's happened for in decade in DC in which
Donald Trump, as you pointed out, made it very clear
on the campaign what he was going to do. He
painted in big, bold, bright colors on what he intended
to do in the American people voted and him voted
him in resoundingly. And I think we're off to a
(14:20):
good start with this Doge initiative under Elon. But I
have to tell you, Jesse, this is a great start.
We're nowhere near where we need to be. The fact though,
that he has made it very clear that he wants
to shut down the Department of Education, fantastic. I don't
think the Trump administration will be a success unless he
shuts down at least one department, if not multiples, and
(14:42):
makes them cease to exist. This, to me, is the
existential crisis for this country. Because you know, Jesse, I
know that China is a threat, There's all these other
things that we're dealing with on the international stage. But
I think the greatest threat to American prosperity, American freedom,
to our way of life is actually the administrative state,
(15:03):
this massive bureaucracy that I think is crushing our prosperity,
crushing our freedoms. And what Donald Trump has as a
singular moment in history, you have someone that is a
true colossus of American politics, who has the political and
moral courage necessary to take on this government and crush it.
Speaker 2 (15:23):
Yeah.
Speaker 1 (15:24):
No, I agree with you need and I don't think
that you can reasonably look at anything else going on
in the world and think there's a better, a bigger
danger to the freedom, to the prosperity of the American
people than the communists that reside within our criminal federal government.
Which brings me to a huge concern I have in
fact Linda bcmahon pretty much addressed this issue was is
(15:48):
this the first step on the road to a total shutdown?
Speaker 8 (15:53):
Yes, actually it is, because that was the president's mandate.
Is directive to me clearly is to shut down the
Department of Education, which we know we'll have to work
with Congress, you know, to get that accomplished. But what
we did today was to take the first step of
eliminating what I think is bureaucratic bloat. And that's not
to say that a lot of the folks, you know,
(16:14):
it's a humanitarian thing too. A lot of the folks
that are there, you know, they're out of a job.
But we wanted to make sure that we kept all
of the right people and the good people, to make
sure that the outward facing programs, the grants, the appropriations
that come from Congress, all of that are being met
and none of that's going to fall through the crack.
Speaker 1 (16:35):
Now, we need Congress, and boy do I hate saying
those words, but for a lot of the permanent things
you want done and I want done, we need.
Speaker 2 (16:43):
The useless losers in Congress. And that's a problem.
Speaker 9 (16:47):
It is a problem, Jesse. And you know, I've got
a documentary coming out next week on America Leviath and
I think people are going to walk away from it
and realize in many ways, Congress is the problem. They
have created the administrative state in many ways by sub
delegating their legislative authority to them. They blindly fund this
massive bureaucracy without demanding and getting real oversight and responsiveness
(17:11):
from these unelected bureaucrats. And Congress has proved itself to
be weak and feckless in the face of what I
believe to be an authoritarian form of government with the
administrative state unelected bureaucrats doing the real governing. So the
one thing that has to happen is Congress is going
to have to find the political courage again it's kind
of in short supply, to actually take back their legislative
(17:34):
authority and actually govern, which Jesse. The problem is they're
going to have to make hard decisions, and they are
very comfortable with this current dynamic in DC in which
there's an appearance of governing, but the real hard decisions
and the ones that are controversial are made by these
unelected bureaucrats. That allows the legislators to kind of duck
the hard issues and then be able to go back
(17:54):
and get re elected to then come back and be
in DC again for the two to six years. It's
a very convenient setup, but it is not anywhere near
what our founders intended in regards to representative government in
which our legislators were supposed to legislate. But I'll say
one last thing on this. Linda McMahon says that they're
going to shut down the Department of Education. They need
(18:15):
to shut it down. They need to actually blow the
building up, raise it to the ground, and then Trump
needs to build his Garden of Heroes over it. For
a whole host of reasons, Jesse, it has to be symbolic.
Trump has to destroy and shadow the administrative state. There
has to be a symbol of it. He has to
level it to the ground and then build something over
it that actually represents the greatness of America and our
(18:37):
founding and our constitution, Rebublic. So I think it'd be
a great place to put the Garden of Heroes.
Speaker 1 (18:43):
Gosh, you just tell me where to sign up for that? Ned,
what is this documentary stuff? Your book's awesome?
Speaker 2 (18:48):
What is it? Your what? So?
Speaker 9 (18:52):
I really wanted to have conversations with Senators, with congressmen,
with people that have been in DC to really show
the American peace people this is how DC actually operates.
And I think people are going to be a little
taken aback when they understand the reality of how DC operates.
And truly, when Elon Musk a few weeks ago, Jesse said,
you know, we start at waste, fraud, and abuse, and
(19:14):
now I really understand we're dealing with the rule of bureaucrats. Well,
that was the whole point, and that was what was
always intended for the last hundred years. And when you
have these conversations I have with Jim Banks and Rick
Scott and Marshall Blackburn, I think people are going to
walk away and understand the reality of what is taking
place in d C has nothing to do with a
constitution republic, has nothing to do with representative democracy and
(19:38):
the true end of the administrative state. Jesse, I love
what Trump's doing. I love what Elon Musk is doing.
The true end of the administrative state will come when
the American people have full clarity on what is taking
place and decide we are done with this. And when
they finally have clarity on what's taking place and they
were done. I think that's the beginning of the end
of the administrative state.
Speaker 1 (19:58):
Ned, how do I watch this? If I not had
been sent this yet, where do I find this?
Speaker 9 (20:03):
It's launching Monday. It will be anywhere and everywhere, Jesse.
I'll be throwing it up on YouTube. It will be
available to anybody for free, because I want the message
to get out for people to fully understand. This is
a paradigm shift. And I hate the word paradigm, but
I'm going to use it that people have to understand
and have their thinking shifted on what's going on in
this country. This is not about waste, fraud, and abuse.
(20:24):
That is the poisonous fruit of a poisonous tree. The
tree must be destroyed, it must be shattered, it must
be uprooted. But the American people need to fully understand
what's going on in this country and what's going on
in DC specifically.
Speaker 1 (20:36):
All Right, man, I'm going to start using that word paradigm.
It makes it sound like I went to college.
Speaker 2 (20:41):
Ned. Thank you so much, buddy. I appreciate you as always.
Speaker 1 (20:45):
All Right, government just passed the cr Thomas Massey was
against it. It was a great man, great congressman a lot
of the great ones were for it, like Scott Perry.
Scott Perry, Congressman from Pennsylvania, joins us. Next we'll ask
him about that. Joining before he joins me, not joining me.
He's joining me in a minute before he does join me.
I'm gonna talk to you about my watch. In fact,
(21:05):
I'm gonna brag about my watch. See, this is not
just a nice looking watch. Of course, it's that my
wife loves it. This is a Wasson watch. See a
little w in there, and Wasson watch shares my values.
It's not just a nice looking watch. Of course, from
the outside looking in, you don't know that. People look
(21:26):
and they say, wow, Jesse a nice watch. Hey, that's
a nice watch. But you see, Wasson watch is special
to me. Not because it looks good. That's a nice
side benefit. Wasson Watch is special to me because their
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United States Marine.
Speaker 2 (21:44):
Paul is the United States Marine. He fought for this country.
You see.
Speaker 1 (21:49):
They're not shy about their beliefs, about their belief in God,
their belief and what is good.
Speaker 2 (21:55):
They are loud about that.
Speaker 1 (21:57):
And I believe the company like that should be rewarded
with our business.
Speaker 2 (22:03):
That's what I believe.
Speaker 1 (22:04):
So next time you go watch shopping, hopefully that's tonight
great gifts. I might add, be purposeful with it. Get
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you ten percent off Wassonwatch dot Com promo code Jesse.
Speaker 2 (22:22):
We'll be back.
Speaker 1 (22:31):
Okay, So the House passed a continuing resolution.
Speaker 2 (22:35):
And I don't really fall on.
Speaker 1 (22:38):
One side of this or the other for the simple
fact that there's a lot of decent people seem to
be on both sides of the whole thing. Well, at
least there's one. Thomas Massey was no. But there's a
lot of great ones who were a yes. We've already
talked about this before, and Scott Perry is one of
the good ones, one of the few good ones we
have in the House of Representatives.
Speaker 2 (22:53):
He was a yes. Let's talked about the cr.
Speaker 1 (22:56):
Where we're at on everything going forward with Congressman Scott
Perry of the Great State of Pennsylvania. Congress Bean, Okay,
you're generally a big fat no on things like this,
Why yes on this one?
Speaker 7 (23:09):
So thanks for the opportunity. Jesse By the way we
love the show. So the reason for this is, Look,
I went to Washington to stop the confiscation of all
our money and the bankrupting of our country and the
bankrupting of Americans, right, and so if you're going to
save money, Look, if the Democrats would actually ever vote
to save money, I would probably vote with them, but
(23:30):
they never do. So in this case, we're actually cutting
some funding. We're freezing spending. And anytime you're freezing spending
because of inflation and everything else that goes on in Washington, DC,
you're actually saving some money. It's not a lot, but look,
we never save any so it's some. So number one
saving money if you know, if you don't mind who
(23:50):
gets the credit for something, you can do a lot. So.
But the only way to get to that point was
to vote for this thing. So that's number one. Number
two the administrations, who am I talking about? President Trump?
Elon musk Russ vote over at the Office of Management
and Budget said, look, if you pass this thing, we're
going to do the cutting. You can't because you got
(24:10):
to pass this cr and you're going to need some
Democrat votes to do it. You can't cut anything because
they won't vote for anything then, but if you do it,
we will do the cutting. Well, I'm for the cutting.
I don't care who does it as long as somebody
does it. So that's number two. Number three, it stops
an omnibus. And I'm going to tell you there were
many in Congress, many in congressional leadership, that were already
working on an omnibus. We're not for that, so this
(24:33):
is better than that. This kills the Remember they tried
to do one right before Christmas. Elon got ahold of it.
A bunch of us were screaming, but you know he's
got a lot of followers. When he hooked onto it
and said this is crazy, everybody said, yes, this is crazy.
Now this said be twice in a row. We've killed it.
So hopefully we're ending the omnibuses forever. Gets rid of
all the year marks. People say, well that's a couple
(24:54):
million dollars, No, that's billions of dollars of you know,
jack wagon program that we don't need. It gets rid
of them, and finally the big thing, It gets us
past this hurdle where the Democrats were hoping to stop
the momentum, and it gets us to where we really
want to be where the real fight is, which is reconciliation,
(25:15):
where we don't need any Democrats, but where we got
to force Republicans and Democrats to actually cut federal spending
so that the bond market can react, so that the
housing market can react, and so that prices overall can
come down.
Speaker 2 (25:31):
Where are we at.
Speaker 1 (25:32):
Let's talk about the political gamesmanship of all this now
with the United States Senate. It's one thing for the
House to pass it, it's quite another for the Senate
to pass it. We do need Democrat votes for this,
so the government shuts down.
Speaker 7 (25:44):
Right, That's exactly right. And so for the first time
in my time in Congress, we have done what conservatives
have always wanted us to do. Pass something that is
as much conservatives as we can get, and then leave town.
You know, that's what the Senate does. They're like, they
pass something and then they go, ay, well, the House,
you got to pass it, because this is all we got. Well, finally,
(26:05):
for once in my life, the House has passed the
bill and we left town. If the Senate Democrats don't
want to vote for this, well, god bless them, they
can explain to their constituents. With all their government programs.
Why they're not getting their government program money. And if
they want to do that, you know, every single time,
the worst thing that could happen. You could get cancer,
you could die of old age, you could could have
(26:26):
a car wreck. But what's even worse than all those
is a government shutdown. Well, now the ball's in their court.
What are they going to do?
Speaker 1 (26:35):
Let's talk about the Department of Education. Obviously I'm cheering
these cuts, as I'm sure you are.
Speaker 2 (26:40):
Don't want to put words in your mouth.
Speaker 1 (26:41):
But I'm pretty sure I can reasonably say that we
are reducing the Department of Education, getting this thing back
to the States where it always should have been. But
the complete elimination of these departments has to come from Congress, right,
I mean, Trump, elon McMahon. They can do so much,
but Congress has to do something, so will it.
Speaker 7 (27:01):
So that's the rub right, like that we want the president.
First of all, there's no there's no mention whatsoever about
education in the constitution, the United States Constitution. This is
totally within the purview of the states, right, so we're
right to be taking a look at Let's not forget
the fact that ever since the advent of the Department
(27:22):
of Education. Our test scores have gone down, where the
price has gone up for education. So it's gonna be
it's been a complete failure. And while the administration can
do everything it can, at some point, if Congress doesn't act,
the next Democrat in charge is just going to revive
at all. Now, the problem's gonna be even if we
can get the votes in the House, and there's you know, look,
(27:42):
there are Republicans that probably won't want to vote for that,
I'm just saying, but there are going to be Democrats
that absolutely will not ever vote for something like that,
and of course some of those reside in the Senate.
So the only way you're going to be able to
get that is to attach it to something that Democrats
are desperately wanting, let's say like California disaster relief or
something like that, where they desperately want it, and you've
(28:05):
got to put them in a bad position to have
to vote for this to get that, which is what
Democrats always do to Republicans, but Republicans never do to Democrats.
So I hope we take the opportunity to get some
real wins by forcing them to stand up in front
of their voters and say I'm voting for things that
aren't in the Constitution because we think that that's how
(28:26):
it has to be. They take an oath to uphold
and defend the Constitution and then snub their nose at
it every single day. We have to put them on
record with that stuff.
Speaker 2 (28:35):
No doubt about it.
Speaker 1 (28:36):
I'm assuming they're Teachers' Union backers, which really are the
beating heart of the Democrat Party. I'm assuming they're going
to have a little something to say about a bill
like that California money or no.
Speaker 7 (28:46):
Yeah, I'm sure they are. But let's remember they're the Teachers' Union.
They're not the Children's Union, right. The Children's Union is
their parents and the rest of society fighting for what's
good for the children, and the Department of Education can't
demonstrably show that it's done anything good for our children
or our society. So while the Teachers' Union is going
(29:07):
to be there for the union dues and the continued
support of the hard left, we have to be advocates
for our children and for our nation's future and stand
up for them. And I'm sure it's going to be
a fight, but it's a worthy fight.
Speaker 1 (29:22):
Do you ever get your phone back. A lot of
people forget that story. I most definitely do not. Why
don't you recap that for us? You get your hands
back on that thing.
Speaker 7 (29:30):
I did get my phone back. However, the FBI and
the Department of Justice kept the data and Jesse you
can't imagine this, but somewhere along the line, they just
made some mistakes of putting that stuff out online, you know,
and when they weren't supposed to. And then when we said, hey,
you can't put that online, they said, oh, sorry, are
bad and then took it down. But by that time,
(29:52):
all the reporters had screenshot at all this stuff. You know.
You know how this goes, right, The intimidation and the
weaponization of the federal government when the Democrats and the
left are in charge, goes on unabated.
Speaker 1 (30:06):
Congressmen, I know it's not really what we're focusing on
right now as we're talking about funding bills, but this
is why I say we have to have people arrested
government people arrested and thrown in prison. I don't want
Democrats arrested and rounded up. I'm not saying that, but
when people commit crimes like what you just described, that's
going to be a crime. You can't take a position
at the FBI Jack of Republican congressman's phone leak is
(30:30):
crap online and then say oh, whoopsie and then get
off with probation or getting to retire early. You can't
save a country that with these people have to go
to prison.
Speaker 7 (30:39):
These people there needs to be accountability. There needs to
be an investigation at the Department of Justice. As you know,
Congress has done several investigations. I think they have come
up short, but we can only refer charges now. In
the past, of course, Merrick Garland was there, so referring
charges was meaningless. So we ought to revisit some of
those investigations. But we need the Department of Justice to
(31:02):
go through and do the investigation into these breaches of
your privacy and your civil rights and not just of mind.
There are many people across the country that the federal
government has been weaponized against. I'm talking about guys like
Scott Smith in Virginia, who you know had the gall
to question the school board's allowance of his daughter to
be molested in a bathroom, or Mark Hawk in Philadelphia
(31:27):
who was arrested under the Face Act, and you know
in the wee hours of the morning under point, you know,
the gunpoint and all that stuff. Those things have to
be investigated. Somebody is responsible for those actions and there
needs to be accountability for it. And the American people
need to see that so they can begin to trust
law enforcement again that it's not going to be used
for political purposes.
Speaker 1 (31:50):
Tell me about abolishing the Federal Reserve. I want to
talk about something wonderful that sounds fantastic to me.
Speaker 2 (31:55):
Tell me about that.
Speaker 7 (31:56):
Well, that's indeed, that's a Thomas Massey one page bill
that many of us, myself included, have signed onto. As
you know, the Federal Reserve is a private organization of
the well connected money people in the country with one job,
which is to control inflation. Unfortunately, it's become political like
(32:17):
everything else. They want to keep their job, and so
instead of controlling inflation by telling the truth, they just
try and do whatever Joe Biden or Barack Obama tells
them to do. And of course they don't do what
President Trump asks them to do. Inflation runs rampant. We
keep on spending too much money. They raise interest rates,
and people can't afford to buy homes or pay for
(32:39):
electricity bills. It is an organization that has long overlived
or probably should have never existed in the first place.
Let's face that, and you know, at a minimum, like,
why can't we just audit the FED? Why can't we
at least do that so we know what the hell
they're doing with our money?
Speaker 1 (32:57):
Yeah, how about that, Congressman, Thank you so much. I'm
glad at least you got your phone back. Appreciate you.
Speaker 7 (33:02):
Sir.
Speaker 1 (33:05):
Carol Ross's gonna talk to us. I'm gonna talk to
her about auditing the FED. I bet you Carol is
just gonna come out of her chair when I ask
her about that. Before I do that, let's talk about
saving you some money, because the FED certainly isn't going
to take care of your money. And know that we're
all looking for ways. What about a grand a year?
(33:26):
Average family when they switch to Pure Talk they pocket
one thousand dollars a year. We have family of four,
We had four lines. We switched from T Mobile to
Pure Talk. Our bill got cut in half, clean and half.
That's what I'm talking about for the same service. In fact,
I didn't even switch my phone. This is the same phone.
(33:47):
You don't have to switch your phone. You don't have
to switch your phone number. It's all handled my phone
and mail. Pure Talk makes it easy. They save you
all fortune. They're the patriotic cell phone company. There's just
no reason to switch, especially when they're on the same network.
Speaker 2 (34:02):
There's no reason not switch.
Speaker 1 (34:04):
Go to puretalk dot com slash jessetv switch today, we'll
be back. Well, good news on the inflation front. And no,
I don't expect you to do backflips or Tommy tucks
(34:25):
or whatever it is people do when they're excited. But
it's good news about inflation. We're expected at two point
nine percent. It came in at two point eight percent,
so I guess your money, Well, never mind, he's still
got poor, but not as poor as they thought.
Speaker 2 (34:39):
You were going to be joining me now, Carol Roth, author.
Speaker 1 (34:42):
Of so many wonderful books, including You Will Own Nothing. Carol,
I'm super excited that I am less poor than I
thought I was going to be this time of the year.
Speaker 2 (34:52):
So I guess that's something.
Speaker 10 (34:55):
Well, you know, Jesse, there would be no inflation, and
then inflation is transitory, and I guess if you go
out on a long enough curve, inflation will be transitory.
So yes, we should celebrate a little bit of good
news here, a little bit of working our way back
to what they think is an acceptable level of inflation.
I would argue zero percent is an acceptable level of inflation.
(35:17):
I want to keep my price stability and my purchasing power.
Speaker 6 (35:20):
But you know, they feel like you shouldn't do that.
Speaker 10 (35:23):
But I guess the good news here is that things,
at least for the time being, are working them back
towards something a bit more palatable. And I say the
time being because we still have a lot of issues
underneath the surface, and there is going to have to
be a way to deal with them.
Speaker 6 (35:44):
What I like to call a release valve.
Speaker 10 (35:46):
When they fix something over here, there needs to be
a release valve on the other side to make it
all balance out. And so I do think that we
will expect over the next several years some sort of
a return to higher inflation, or at least kind of
level being a little bit more sticky. But in terms
of all of the policy chaos going on with Trump
(36:07):
and friends, it may give you know, a little bit
more of a kick to the Fed to maybe shift
their policy move it in the direction that Trump is
trying to do to get a little bit more relief.
Whether any of this works is a whole other story,
but that's certainly what they're trying to push towards.
Speaker 2 (36:29):
Carol.
Speaker 1 (36:29):
What are these things underneath the surface that sounded so
jaws like and ominous?
Speaker 2 (36:34):
What's going on?
Speaker 6 (36:36):
We are We're going to need a bigger boat, Jesse,
for sure.
Speaker 10 (36:39):
You know, things like the fact that we have debt
to GDP over one hundred and twenty percent, which is
an emerging market balance sheet. We have deficits to GDP
in the range of you know, sixty seven percent, which
is a wartime level, almost double you know, what is
typical thing like a very high not in the context
(37:03):
of history, but at least in the context of the
last fifteen or so year interest rate on the ten
year yield, and that reflects how much we can refinance
our debt for which is why we're now paying more
in terms of interest on the debt than we are
in terms of things like our defense spending, which is.
Speaker 6 (37:22):
Not really great for a country.
Speaker 10 (37:24):
The strength of the US dollar, not again against a
basket of groceries, but against other currencies around the world,
that has come down a little bit with some of
these machinations by the Trump administration. But there are all
of these things that work in concert, and any time
somebody in the administration tries to do one thing, it
potentially could be impacted by something else. So we've talked
(37:45):
about before. You try to cut government spending through DOGE
and you try to narrow that deficit. But if that
leads us to a recession or we see the stock
market come off as it has and we get less
in terms of government reces seats than it could actually
end up widening.
Speaker 6 (38:03):
The deficit, which means we.
Speaker 10 (38:04):
Have more to finance, and we create this sort of
vicious cycle and potentially, you know, wonderful things like debt
spirals or sovereign debt crises or whatnot. So underneath the
surface jaws, the financial jaws does remain, and you know,
make sure you've got your little life best on, for sure.
Speaker 1 (38:24):
Carol, what do you make of the stock market in
the dips that have been having Now me personally like
a saying human being, I don't wake up and check
it every day. I most definitely don't check it when
it dips. I fire and forget, I set it off,
and I forget it's ever there. And I'm a much
happier person for it, but I do get panicked emails
and texts from friends and family. Did you see what
(38:45):
happened today? So what does Carol Ross say about it?
Speaker 10 (38:49):
Well, Carol Ross's going to take a victory lab by
Jesse Kelly show, which is I gets the reason why
potentially I get invited back here. A couple of months ago,
we had a session together and I warned everyone. I
said that the market was overvalued and that we could
see it come off. And you know, like I do
every time on the show, Jesse, I tell you things
(39:09):
and then they end up happening. So that was, you know,
somewhat predictable. We have a very overvalued stock market that
was looking for a reason to correct itself, and Trump
gave gave them that reason in terms of the tariffs,
which I think at first the market took as maybe
this is just a temporary thing. And then as they've increased,
(39:32):
he's gone from being interpreted, you know, seriously, to literally,
which isn't usually how people interpret Trump. It's it's usually
more seriously, not literally. So I think that that has
been the catalyst for things to move. I think that
this year is going to be very volatile, so you
can see things continue to go down, you'll probably see
(39:53):
times when it continues to go up. I think that
those movements and machinations are the things that you need
to be you know, earned about. But you'd never want
to be the person who sells at the volttom either,
And you know, it really kind of depends on your
your personal situation. So I will do the typical This
is not financial advice, but if you're somebody who is
(40:15):
planning to retire in the near future and you're worrying
short term about this volatility in the market, that's something
you should be talking to your advisor. There should be
a plan in place, and you should have a diversified
portfolio that accounts for having a shortened time frame versus
people who are younger and have a much longer time frame.
(40:38):
To write it out, because I still do believe over time,
given our financial situation, that there will be a bias
towards things that resemble in inflation or loss of purchasing
power or asset inflation altogether over time, and I do
think the well, maybe not the real value, but the
nominal value of stoff will continue to rise over long
(41:02):
periods of time, and so you want to have the
appropriate hedging in place, and again that depends on your
personal risk and your situation and your time for it, Carol.
Speaker 2 (41:15):
The FED.
Speaker 1 (41:16):
We just had Congressman Scott Perry on he wants to
end the FED, which sounds wonderful to me, but at
the very least he wants to audit the FED.
Speaker 2 (41:24):
What say you?
Speaker 10 (41:26):
So you know, I'm somebody who you know, focuses more
on ending the Fed's powers than ending the FED. Because
when you have somebody who can come in and make
monetary policy decisions and shift around the money supply and
do all of these things that really have enabled the
governments who continue to spend in a very irresponsible manner,
(41:49):
that's a bad thing.
Speaker 6 (41:51):
But when you just say end the FED, then those
powers remain up for grabs.
Speaker 10 (41:56):
And so the only thing worse than having the Federal
reserve those powers would be.
Speaker 6 (42:01):
If those went to Congress or something like that.
Speaker 10 (42:04):
So, you know, it's a very easy way that we
have to potentially control the money supply. You can have
something that's tied to a proxy for growth, maybe it's
tied to growth in the GDP, and the money supply
is tied to that something that Milton Friedman called the
kp er set rule, you know, many many years ago,
and you know, there are a lot of economists with
(42:26):
ideas around that, so you don't.
Speaker 6 (42:27):
Really need the Fed for that.
Speaker 10 (42:30):
There are a lot of things that happen in the
market that the banks could sort out amongst themselves.
Speaker 6 (42:36):
But the reality is, given the.
Speaker 10 (42:40):
Tenuous situation we're in, you know, all of a sudden,
pulling out the central bank of the reserve currency and
trading currency until we have that all settled out probably
doesn't go so well for us either. So I think
more more oversight, auditing, maybe limiting and reigning in.
Speaker 6 (43:00):
Some of their powers.
Speaker 10 (43:02):
But unless Congress is going to do their part, unless
they're going to get serious about fixing their piece, none
of this is going to matter anyway. So there's a
lot of work to be done, and I'm not sure
if there's the political will to have any of it fixed.
Speaker 1 (43:16):
So well, that makes one of us, Carol, I'm quite
sure there's not the political will. So all right, you
were really really hot about the small business issue last time.
Did that ever get resolved to go ahead and explain
what that was?
Speaker 10 (43:34):
Yes, So this is something that thank you for lending
your platform on a consistent basis over the last year
or so. But we had these small businesses who were
being hounded by the Financial Crimes Division of Treasury to
register with them in the spirit of stopping cartels and
money launderers and terrorists. Because I'm sure that you know,
(43:56):
all of those people were happy to register with the
Finance Crime Subvision of Treasury, and the you know, the
finds that were put in place, things like jail time
and up to six hundred dollars almost six hundred dollars a.
Speaker 6 (44:09):
Day and growing.
Speaker 10 (44:10):
You know that it was just egregious. It was just
an absolute insane thing. So it's something that many folks
have been working on for quite some time, including me.
Speaker 6 (44:18):
I testified in front of Congress about this last year.
Speaker 10 (44:21):
And finally, you know, the Trump administration, Scot Bess says, hey,
we're going.
Speaker 6 (44:26):
To step up.
Speaker 10 (44:27):
We're going to be a supporter of main Street, We're
going to support deregulation. And finally they came out at
the end of February that was finalized on March second,
with a notice that says, okay, if you are a
US citizen or you have a US based business, meaning
you don't.
Speaker 6 (44:45):
Have foreign ownership and you're not a foreign business. We
are not going to force this.
Speaker 10 (44:49):
So even though they have not updated their website since
the enzend website, it is on the Treasury website, and
so you no longer have to do this, which is great,
and this is a huge relief to small business.
Speaker 6 (45:01):
However, however, two things.
Speaker 10 (45:03):
One is that it has to be codified by Congress
because if this is left to hang out there and
be at the discretion of Treasury, you and I both
know exactly what's going to happen when you get a
different set of people in charge. They're just going to
put it back in place. The second issue is that
there are a lot of small businesses who have already complied,
who have that information at risk for cyber attacks or whatever.
Speaker 6 (45:28):
It is that the government is going to do.
Speaker 10 (45:29):
So we need a statement that they're going to purge
that data.
Speaker 6 (45:33):
So it's very good news. We're getting things done.
Speaker 10 (45:36):
We're moving in the right direction, but we cannot relent
now because we have to kill the cockroaches. Like you
can't leave a couple in the nest, because they're just
going to crawl back out again.
Speaker 1 (45:47):
Amen, gosh, I hate cockroaches, Carol, thank you so much.
I appreciate it. We have light in the mood. Thanks,
But it is time to lighten the mood. And you've
(46:09):
heard me say it a bunch on the show. I'll
just say it again. Democrats embracing the tranny stuff, no
matter how you feel about it, is the dumbest political
move I've ever seen in my entire life.
Speaker 2 (46:19):
It weirds everyone out. No one's on board with it.
Speaker 1 (46:22):
It's the tiniest, tiniest sliver of the population. Everyone else
is grossed out, weirded out. You just look like a nutball.
And we have a tranny person in Congress.
Speaker 2 (46:32):
Now. His name's Tim McBride.
Speaker 1 (46:33):
Wait wait, sorry, changed his name Sarah Sarah McBride. Still
a dude, dresses up like a chick, pretends to be
a chick, steal a dude, and Republican Congressman Kent Keith's
self basically calls him mister, just calls him a dude,
and Democrats freaked about it.
Speaker 11 (46:52):
Recognize the representative from Delaware, mister McBride.
Speaker 10 (46:58):
Thank you, madam, Chair ranking Member Keating also wonderful, Chairman.
Speaker 11 (47:02):
Could you repeat your introduction again.
Speaker 2 (47:04):
Please, yes, it's a.
Speaker 7 (47:06):
It's a.
Speaker 4 (47:08):
We have set the standard on the floor of the
House and I'm simply.
Speaker 2 (47:12):
What is that standard?
Speaker 7 (47:13):
Mister chairman?
Speaker 11 (47:15):
Would you repeat what you just said? You introduced a
duly elected representative from the United States of America, please.
Speaker 4 (47:22):
I will the representative from Delaware, mister McBride.
Speaker 11 (47:27):
Mister chairman, you are out of a order. Mister chairman,
have you no decency? I mean I have come to
know you a little bit, but this is not decent.
Speaker 2 (47:37):
We will continue this.
Speaker 11 (47:39):
You will not continue it with me unless you introduce
a duly elected representative the right way.
Speaker 7 (47:46):
This hearing is adjourned.
Speaker 2 (47:55):
Deride that way of Democrats. Sable H.
Nobody voted for this. We'll talk about that tonight. What
that means when people say that, We're also going to
talk to Ned Ryan. We're firing government employees. Pash Patel's
about to do what's in this cr that just passed.
All that and more coming up on I'm right, nobody
(00:27):
voted for this. Have you heard any of the libs
saying that in the past month or so? Of course
you have. It's become their new thing. Whenever Trump does anything,
they will say something along the lines of, this isn't
what people voted for.
Speaker 2 (00:42):
People didn't vote for this. You could see it.
Speaker 1 (00:44):
With the Department of Education came out yesterday. Half the
staff's getting fired, they're shutting down the building. You saw
people all over the media. Nobody voted for. This isn't
what America voted for.
Speaker 2 (00:55):
And the irony in.
Speaker 1 (00:56):
That, well, there's a couple ironic things about that. First,
Donald Trump campaigned openly on all of these things. All
of these things. You can get mad at Trump, you
can love Trump, and I don't care how you feel
about it. I don't care about it, doesn't matter to me.
But you cannot call Donald Trump a liar. Donald Trump
campaigned openly on the most right wing based general election
(01:23):
presidential platform I've ever seen in my life. Every other Republican,
including Trump, the first time after they win the primary,
they kind of, I don't want to say moderate, that's
not fair to a lot of them, but they really
kind of tweak this and tweak that, trying to make
sure things are more palatable for the norms and normas
who don't understand politics. Donald Trump didn't do that at
(01:44):
all this time. He won the primary, storm through the
primary with ease, and continued while he was the Republican
nominee to talk about the elimination of the Department of Education,
to talk about the draining of the swamp, to talk
about taking possession of Greenland. It's not like Donald Trump
was hiding any of these things. He talked about tariffs.
You see all these people in the news right now. Tariff,
(02:06):
this tariff that nobody voted for this. Donald Trump campaigned
and said that's what he was going to do.
Speaker 2 (02:11):
So people did. But enough of that.
Speaker 1 (02:15):
I want to talk about me, the FBI, the intelligence agencies,
cash patail. Nobody voted for this. I said, it's kind
of funny. They say that for two reasons. The first
I already went over. But here's the second reason. I
know trends are a thing. Group trends are a thing.
We can talk about that, and we do on the show.
Men do this, women do that, White people do this,
(02:36):
Black people do that, Mexicans do that, Catholics do this,
Mormon stupid. But we can generalize. That's fine from time
to time. But you're an individual, no matter who you are, man, woman, child, old, young,
your belief system, your skin color, You're an individual who
makes individual decisions. So you really shouldn't ever say people
(02:57):
didn't vote for this, because people vote for different reasons.
I personally know a bunch of different people in different
walks of life who voted for Trump for reasons that
I won't say didn't enter my mind, but they certainly
aren't what drove me to the polls. I know of
a young couple, extremely health conscious. They are these fitness
(03:19):
jim freaks. They just are good for them. They're very healthy,
they look fantastic. They raised their children to be fitness
jim freaks. They're the couple they don't look maybe they
take it too far, I don't know. They don't trick
or treat on Halloween, no candy, that kind of thing.
But who cares, right, it's their kids, their life.
Speaker 2 (03:36):
Very healthy way to live. Go ahead.
Speaker 1 (03:38):
They voted for Donald Trump because of they'll make America
healthy again stuff. Did that drive you to the polls?
I saw it, I liked it. Didn't drive me into
the polls. I'll be frank with you.
Speaker 2 (03:48):
Low taxes didn't drive me into the polls. And I
hate taxes. You know what drove me to the pools.
Speaker 1 (03:54):
I was going to vote for Trump either way as
soon as he became the Republican nominee. Why did I vote, though,
Why was I so excited to vote? I voted so
government people can go to prison. And I believed then
and I believe now, that electing Donald Trump as President
of the United States of America gave me the best
chance to see government people going to prison. I don't
(04:17):
say that as a vengeful person, even though I probably
am a vengeful person.
Speaker 2 (04:21):
I say that because I.
Speaker 1 (04:22):
Believe that is the only way the United States of
America can be saved long term.
Speaker 2 (04:28):
That is, if government people go to prison.
Speaker 1 (04:29):
Now, therefore, future criminals who take positions inside of the
government will be too afraid to commit crimes. I don't
think it's a side issue.
Speaker 2 (04:39):
Not for me.
Speaker 1 (04:40):
You may feel differently. For me, sending people to prison
is not a side issue. It is the issue that
for me, again, for me, will define whether or not
Donald Trump two point zero is a success or a failure.
If his four years end in government people aren't in prison,
I will consider his presidency a failure. If his presidency
(05:01):
ends in four years and maybe inflation is still a
little bad, but government people have gone to prison, I
will consider his presidency a success that brings me to
things like the FBI. Cash Betel sworn as FBI director. Now,
I understand my desires may very well be your desires.
Maybe you're sitting there cheering and saying, yes, government people
(05:21):
have to go to prison.
Speaker 2 (05:22):
Good. Good sounds good.
Speaker 1 (05:24):
And I understand because of that, we can, all myself included,
get impatient. We want it, we want it now. So
I understand that I get that about you. When I
get that about me, I also understand things take time.
Cash Betel's talking today about a lot of things, exposing
(05:44):
some bad people inside the FBI. Criminal referrals referrals do,
keep in mind, just means he makes a recommendation to
pambondy Ag. Then once again it's up to Pambondi to
decide what to do about it. But okay, that sounds good.
I'm all on board. Yes, I know these things take time.
From what I have observed the Trump administration when it
(06:08):
comes to things like sending people to prison, mass deportation,
they are being very deliberate about it, trying to make
sure the t's are cross, the eyes are dotted, making
sure they have the right things in place at the
right time to do it the right way. And because
I understand that, I'm not sitting here screaming at anybody.
(06:29):
All I've seen and heard are impressive things from cash Ptel.
But just to make my point crystal clear. You remember
the guy in the New York Field office, right the
FBI New York Field office. You remember him, Hopefully you
remember him. He was the one directly after the election.
James Deneghey used his name. He's the big cheese in
New York City. He's the FBI guy who told his
(06:53):
agents to dig in right after Trump was elected. He's
a man who views his role, well his former role
now at the FBI, as stopping the reforms the American
people voted for. That's what he viewed him and most
of the communists inside the federal government, they view that
as being their role, not serving you, not saving the country,
(07:15):
not chasing down crime. They view their central role as
protecting American communism from the American voter and Denihee when
he was let go, he was let go to a
hero's sendoff.
Speaker 3 (07:33):
Extraordinary scene outside of the New York FBI office in
the last hour. Assistant Director in charge James Denahey, who
was forced to resign under pressure this week, left the
building to cheers from hundreds of his colleagues and the
sound of bagpipes. He was forced out after clashing mac
Donald Trump's Justice Department after the removal of senior FBI
(07:55):
leaders in requests for the names of agents who worked
on the January sixth cases. He told the gather that
he will be their quote best cheerleader on the outside.
Speaker 2 (08:07):
Just to be clear, doesn't matter your thoughts on Trump.
Speaker 1 (08:09):
Republican Democrat Donald Trump got elected President of the United
States of America. Pam Bondi's the attorney general.
Speaker 2 (08:16):
She is most definitely over the FBI.
Speaker 1 (08:19):
She told James Denahee that he must deliver documents to her.
James Denaghee, being a committed communist inside of the government,
decided he was going to resist that order.
Speaker 2 (08:30):
He then got fired.
Speaker 1 (08:31):
For resisting that order, and he didn't walk out of
the building with a hoodie over his head in disgrace,
moving to Montana to change his name. He walked out
of the building to bagpipes at a bunch of other
communists at the FBI, celebrating him on the way out
the door. The rot is so deep inside of this
federal government. Even if we have the most committed Trump
(08:54):
administration we've ever had in this country, I'm still not
sure they will be capable of clean it out in
four years. But just know the cuts must be very,
very deep, and they must do things that are going
to shock you.
Speaker 2 (09:09):
These people have to go to prison.
Speaker 1 (09:12):
If they are not sent to prison, retirement's not near enough.
If they are not sent to prison, then we're just
going to get another Democrat in there at some point
in time who's going to do all the same things,
if not worse, and the communists inside of the government
will do it without fear. If government people do not
go to prison, we cannot save the United States of America.
(09:34):
I don't care how secure the border is, how good
inflation gets, how.
Speaker 2 (09:37):
Low taxes are.
Speaker 1 (09:39):
We cannot save the United States of America without government
people going to prison. Once your government has become an evil,
criminal organization the way ours are, well, the only way
out of that is sending criminals to prison. You can't
break up the American mafia without sending mobsters to prison.
And you can't save the United States of America without
sending fbia as to prison.
Speaker 2 (10:01):
I ever heard of Elvis Chan, Sure that you have.
Speaker 1 (10:03):
You know, the Elvis Chan who took his position as
special agent and used it to ensure that a damaging
story of Hunter Biden did not see the light of
day on Facebook.
Speaker 2 (10:13):
That way, Joe Biden could win an election. You know this,
Elvis Chan.
Speaker 4 (10:19):
I was very involved our field office FBI San Francisco
was very involved in helping to protect the US elections
in twenty twenty. And I think we can all agree,
or I think many of us can agree that it
was a very safe election.
Speaker 5 (10:34):
We talked with all of these entities I mentioned regularly,
at least on a monthly basis, and right before the election,
probably on a weekly basis.
Speaker 6 (10:43):
Right if they were.
Speaker 5 (10:44):
Seeing anything unusual, if we were seeing anything unusual, sharing
intelligence with technology companies, with social media companies so that
they could protect their own platforms.
Speaker 1 (10:55):
Right, See how Smuggy is not afraid at all, bekout
how proud of himself he is.
Speaker 7 (11:04):
We can all.
Speaker 1 (11:05):
Agree it was pretty safe. Used his position as special
agent in the Federal Bureau of Investigation to election year
on behalf of Democrats and ensure Donald Trump could not
win reelection, brags about it on camera. Firings are not
(11:25):
near enough. I'm happy to hear the things cash Betel
said today. I choose to believe at this point in
time that they are being deliberate so they can ensure
these things are done right, so that people, when arrested,
will be arrested the right way, tried the right way,
convicted the right way. These things take time, you have
(11:46):
to check the proper boxes. I'm choosing to believe that
is what is currently going on, and I choose to
believe that because there is no other way to save
the country except by sending these people to federal prison.
All that may have made you uncomfortable, but I am right.
We have so much more to get to today now.
I need to tell you what happened to me. You know,
(12:11):
you know I woke up at four thirty am this morning.
Why I was a little tired last night. Kids were
doing homework. It's exams this week. Bob was reading a book.
And I know it makes me sound lame, but it
was eight o'clock. I decided I wanted to go to bed.
I know that's pathetic. I poured myself a little cup
(12:31):
of hot chocolate with dream powder from being It's got
the natural things in it that help you sleep.
Speaker 2 (12:38):
I would sleep.
Speaker 1 (12:40):
I woke up at four thirty this morning, eight hours
ready to take on the day, so so energized. That's
what dream powder will do for you. I want to
go to bed at eight thirty. Go to bed at
eight thirty, go sleep like a little baby. Shopbeam dot com,
slash Jesse Kelly, you up to forty percent off.
Speaker 2 (13:02):
We'll be back.
Speaker 6 (13:11):
We have a dream, and you know what the dream is.
Speaker 5 (13:13):
We're going to move the Department of Education.
Speaker 8 (13:15):
We're going to move education into the States so that
the states, instead of bureaucrats working in Washington, so that
the states can run education.
Speaker 1 (13:26):
Yes, wonderful, good for Trump. And like I said in
the beginning. It's wild people complained that nobody voted for this.
Donald Trump campaigned on this. He didn't slip one by you.
After he got elected president, told you that's what he
was going to do. The American people heard him, voted
for it, And now we're actually getting what we voted for,
which is really weird. Joining me now and my friend
(13:46):
Ed Ryan, author of the wonderful book American Leviath and Ned,
my goodness, I can't even imagine how thrilled you must
be at this exact moment.
Speaker 2 (13:57):
I really am.
Speaker 7 (13:58):
Jesse.
Speaker 9 (14:00):
To me is one of the most important things. But
I think's happened for in decade in DC in which
Donald Trump, as you pointed out, made it very clear
on the campaign what he was going to do. He
painted in big, bold, bright colors on what he intended
to do in the American people voted and him voted
him in resoundingly. And I think we're off to a
(14:20):
good start with this Doge initiative under Elon. But I
have to tell you, Jesse, this is a great start.
We're nowhere near where we need to be. The fact though,
that he has made it very clear that he wants
to shut down the Department of Education, fantastic. I don't
think the Trump administration will be a success unless he
shuts down at least one department, if not multiples, and
(14:42):
makes them cease to exist. This, to me, is the
existential crisis for this country. Because you know, Jesse, I
know that China is a threat, There's all these other
things that we're dealing with on the international stage. But
I think the greatest threat to American prosperity, American freedom,
to our way of life is actually the administrative state,
(15:03):
this massive bureaucracy that I think is crushing our prosperity,
crushing our freedoms. And what Donald Trump has as a
singular moment in history, you have someone that is a
true colossus of American politics, who has the political and
moral courage necessary to take on this government and crush it.
Speaker 2 (15:23):
Yeah.
Speaker 1 (15:24):
No, I agree with you need and I don't think
that you can reasonably look at anything else going on
in the world and think there's a better, a bigger
danger to the freedom, to the prosperity of the American
people than the communists that reside within our criminal federal government.
Which brings me to a huge concern I have in
fact Linda bcmahon pretty much addressed this issue was is
(15:48):
this the first step on the road to a total shutdown?
Speaker 8 (15:53):
Yes, actually it is, because that was the president's mandate.
Is directive to me clearly is to shut down the
Department of Education, which we know we'll have to work
with Congress, you know, to get that accomplished. But what
we did today was to take the first step of
eliminating what I think is bureaucratic bloat. And that's not
to say that a lot of the folks, you know,
(16:14):
it's a humanitarian thing too. A lot of the folks
that are there, you know, they're out of a job.
But we wanted to make sure that we kept all
of the right people and the good people, to make
sure that the outward facing programs, the grants, the appropriations
that come from Congress, all of that are being met
and none of that's going to fall through the crack.
Speaker 1 (16:35):
Now, we need Congress, and boy do I hate saying
those words, but for a lot of the permanent things
you want done and I want done, we need.
Speaker 2 (16:43):
The useless losers in Congress. And that's a problem.
Speaker 9 (16:47):
It is a problem, Jesse. And you know, I've got
a documentary coming out next week on America Leviath and
I think people are going to walk away from it
and realize in many ways, Congress is the problem. They
have created the administrative state in many ways by sub
delegating their legislative authority to them. They blindly fund this
massive bureaucracy without demanding and getting real oversight and responsiveness
(17:11):
from these unelected bureaucrats. And Congress has proved itself to
be weak and feckless in the face of what I
believe to be an authoritarian form of government with the
administrative state unelected bureaucrats doing the real governing. So the
one thing that has to happen is Congress is going
to have to find the political courage again it's kind
of in short supply, to actually take back their legislative
(17:34):
authority and actually govern, which Jesse. The problem is they're
going to have to make hard decisions, and they are
very comfortable with this current dynamic in DC in which
there's an appearance of governing, but the real hard decisions
and the ones that are controversial are made by these
unelected bureaucrats. That allows the legislators to kind of duck
the hard issues and then be able to go back
(17:54):
and get re elected to then come back and be
in DC again for the two to six years. It's
a very convenient setup, but it is not anywhere near
what our founders intended in regards to representative government in
which our legislators were supposed to legislate. But I'll say
one last thing on this. Linda McMahon says that they're
going to shut down the Department of Education. They need
(18:15):
to shut it down. They need to actually blow the
building up, raise it to the ground, and then Trump
needs to build his Garden of Heroes over it. For
a whole host of reasons, Jesse, it has to be symbolic.
Trump has to destroy and shadow the administrative state. There
has to be a symbol of it. He has to
level it to the ground and then build something over
it that actually represents the greatness of America and our
(18:37):
founding and our constitution, Rebublic. So I think it'd be
a great place to put the Garden of Heroes.
Speaker 1 (18:43):
Gosh, you just tell me where to sign up for that? Ned,
what is this documentary stuff? Your book's awesome?
Speaker 2 (18:48):
What is it? Your what? So?
Speaker 9 (18:52):
I really wanted to have conversations with Senators, with congressmen,
with people that have been in DC to really show
the American peace people this is how DC actually operates.
And I think people are going to be a little
taken aback when they understand the reality of how DC operates.
And truly, when Elon Musk a few weeks ago, Jesse said,
you know, we start at waste, fraud, and abuse, and
(19:14):
now I really understand we're dealing with the rule of bureaucrats. Well,
that was the whole point, and that was what was
always intended for the last hundred years. And when you
have these conversations I have with Jim Banks and Rick
Scott and Marshall Blackburn, I think people are going to
walk away and understand the reality of what is taking
place in d C has nothing to do with a
constitution republic, has nothing to do with representative democracy and
(19:38):
the true end of the administrative state. Jesse, I love
what Trump's doing. I love what Elon Musk is doing.
The true end of the administrative state will come when
the American people have full clarity on what is taking
place and decide we are done with this. And when
they finally have clarity on what's taking place and they
were done. I think that's the beginning of the end
of the administrative state.
Speaker 1 (19:58):
Ned, how do I watch this? If I not had
been sent this yet, where do I find this?
Speaker 9 (20:03):
It's launching Monday. It will be anywhere and everywhere, Jesse.
I'll be throwing it up on YouTube. It will be
available to anybody for free, because I want the message
to get out for people to fully understand. This is
a paradigm shift. And I hate the word paradigm, but
I'm going to use it that people have to understand
and have their thinking shifted on what's going on in
this country. This is not about waste, fraud, and abuse.
(20:24):
That is the poisonous fruit of a poisonous tree. The
tree must be destroyed, it must be shattered, it must
be uprooted. But the American people need to fully understand
what's going on in this country and what's going on
in DC specifically.
Speaker 1 (20:36):
All Right, man, I'm going to start using that word paradigm.
It makes it sound like I went to college.
Speaker 2 (20:41):
Ned. Thank you so much, buddy. I appreciate you as always.
Speaker 1 (20:45):
All Right, government just passed the cr Thomas Massey was
against it. It was a great man, great congressman a lot
of the great ones were for it, like Scott Perry.
Scott Perry, Congressman from Pennsylvania, joins us. Next we'll ask
him about that. Joining before he joins me, not joining me.
He's joining me in a minute before he does join me.
I'm gonna talk to you about my watch. In fact,
(21:05):
I'm gonna brag about my watch. See, this is not
just a nice looking watch. Of course, it's that my
wife loves it. This is a Wasson watch. See a
little w in there, and Wasson watch shares my values.
It's not just a nice looking watch. Of course, from
the outside looking in, you don't know that. People look
(21:26):
and they say, wow, Jesse a nice watch. Hey, that's
a nice watch. But you see, Wasson watch is special
to me. Not because it looks good. That's a nice
side benefit. Wasson Watch is special to me because their
pro life, their pro Second Amendment, pro America. Why the
United States Marine.
Speaker 2 (21:44):
Paul is the United States Marine. He fought for this country.
You see.
Speaker 1 (21:49):
They're not shy about their beliefs, about their belief in God,
their belief and what is good.
Speaker 2 (21:55):
They are loud about that.
Speaker 1 (21:57):
And I believe the company like that should be rewarded
with our business.
Speaker 2 (22:03):
That's what I believe.
Speaker 1 (22:04):
So next time you go watch shopping, hopefully that's tonight
great gifts. I might add, be purposeful with it. Get
a Wasson watch. Wassonwatch dot Com promo code Jesse gets
you ten percent off Wassonwatch dot Com promo code Jesse.
Speaker 2 (22:22):
We'll be back.
Speaker 1 (22:31):
Okay, So the House passed a continuing resolution.
Speaker 2 (22:35):
And I don't really fall on.
Speaker 1 (22:38):
One side of this or the other for the simple
fact that there's a lot of decent people seem to
be on both sides of the whole thing. Well, at
least there's one. Thomas Massey was no. But there's a
lot of great ones who were a yes. We've already
talked about this before, and Scott Perry is one of
the good ones, one of the few good ones we
have in the House of Representatives.
Speaker 2 (22:53):
He was a yes. Let's talked about the cr.
Speaker 1 (22:56):
Where we're at on everything going forward with Congressman Scott
Perry of the Great State of Pennsylvania. Congress Bean, Okay,
you're generally a big fat no on things like this,
Why yes on this one?
Speaker 7 (23:09):
So thanks for the opportunity. Jesse By the way we
love the show. So the reason for this is, Look,
I went to Washington to stop the confiscation of all
our money and the bankrupting of our country and the
bankrupting of Americans, right, and so if you're going to
save money, Look, if the Democrats would actually ever vote
to save money, I would probably vote with them, but
(23:30):
they never do. So in this case, we're actually cutting
some funding. We're freezing spending. And anytime you're freezing spending
because of inflation and everything else that goes on in Washington, DC,
you're actually saving some money. It's not a lot, but look,
we never save any so it's some. So number one
saving money if you know, if you don't mind who
(23:50):
gets the credit for something, you can do a lot. So.
But the only way to get to that point was
to vote for this thing. So that's number one. Number
two the administrations, who am I talking about? President Trump?
Elon musk Russ vote over at the Office of Management
and Budget said, look, if you pass this thing, we're
going to do the cutting. You can't because you got
(24:10):
to pass this cr and you're going to need some
Democrat votes to do it. You can't cut anything because
they won't vote for anything then, but if you do it,
we will do the cutting. Well, I'm for the cutting.
I don't care who does it as long as somebody
does it. So that's number two. Number three, it stops
an omnibus. And I'm going to tell you there were
many in Congress, many in congressional leadership, that were already
working on an omnibus. We're not for that, so this
(24:33):
is better than that. This kills the Remember they tried
to do one right before Christmas. Elon got ahold of it.
A bunch of us were screaming, but you know he's
got a lot of followers. When he hooked onto it
and said this is crazy, everybody said, yes, this is crazy.
Now this said be twice in a row. We've killed it.
So hopefully we're ending the omnibuses forever. Gets rid of
all the year marks. People say, well that's a couple
(24:54):
million dollars, No, that's billions of dollars of you know,
jack wagon program that we don't need. It gets rid
of them, and finally the big thing, It gets us
past this hurdle where the Democrats were hoping to stop
the momentum, and it gets us to where we really
want to be where the real fight is, which is reconciliation,
(25:15):
where we don't need any Democrats, but where we got
to force Republicans and Democrats to actually cut federal spending
so that the bond market can react, so that the
housing market can react, and so that prices overall can
come down.
Speaker 2 (25:31):
Where are we at.
Speaker 1 (25:32):
Let's talk about the political gamesmanship of all this now
with the United States Senate. It's one thing for the
House to pass it, it's quite another for the Senate
to pass it. We do need Democrat votes for this,
so the government shuts down.
Speaker 7 (25:44):
Right, That's exactly right. And so for the first time
in my time in Congress, we have done what conservatives
have always wanted us to do. Pass something that is
as much conservatives as we can get, and then leave town.
You know, that's what the Senate does. They're like, they
pass something and then they go, ay, well, the House,
you got to pass it, because this is all we got. Well, finally,
(26:05):
for once in my life, the House has passed the
bill and we left town. If the Senate Democrats don't
want to vote for this, well, god bless them, they
can explain to their constituents. With all their government programs.
Why they're not getting their government program money. And if
they want to do that, you know, every single time,
the worst thing that could happen. You could get cancer,
you could die of old age, you could could have
(26:26):
a car wreck. But what's even worse than all those
is a government shutdown. Well, now the ball's in their court.
What are they going to do?
Speaker 1 (26:35):
Let's talk about the Department of Education. Obviously I'm cheering
these cuts, as I'm sure you are.
Speaker 2 (26:40):
Don't want to put words in your mouth.
Speaker 1 (26:41):
But I'm pretty sure I can reasonably say that we
are reducing the Department of Education, getting this thing back
to the States where it always should have been. But
the complete elimination of these departments has to come from Congress, right,
I mean, Trump, elon McMahon. They can do so much,
but Congress has to do something, so will it.
Speaker 7 (27:01):
So that's the rub right, like that we want the president.
First of all, there's no there's no mention whatsoever about
education in the constitution, the United States Constitution. This is
totally within the purview of the states, right, so we're
right to be taking a look at Let's not forget
the fact that ever since the advent of the Department
(27:22):
of Education. Our test scores have gone down, where the
price has gone up for education. So it's gonna be
it's been a complete failure. And while the administration can
do everything it can, at some point, if Congress doesn't act,
the next Democrat in charge is just going to revive
at all. Now, the problem's gonna be even if we
can get the votes in the House, and there's you know, look,
(27:42):
there are Republicans that probably won't want to vote for that,
I'm just saying, but there are going to be Democrats
that absolutely will not ever vote for something like that,
and of course some of those reside in the Senate.
So the only way you're going to be able to
get that is to attach it to something that Democrats
are desperately wanting, let's say like California disaster relief or
something like that, where they desperately want it, and you've
(28:05):
got to put them in a bad position to have
to vote for this to get that, which is what
Democrats always do to Republicans, but Republicans never do to Democrats.
So I hope we take the opportunity to get some
real wins by forcing them to stand up in front
of their voters and say I'm voting for things that
aren't in the Constitution because we think that that's how
(28:26):
it has to be. They take an oath to uphold
and defend the Constitution and then snub their nose at
it every single day. We have to put them on
record with that stuff.
Speaker 2 (28:35):
No doubt about it.
Speaker 1 (28:36):
I'm assuming they're Teachers' Union backers, which really are the
beating heart of the Democrat Party. I'm assuming they're going
to have a little something to say about a bill
like that California money or no.
Speaker 7 (28:46):
Yeah, I'm sure they are. But let's remember they're the Teachers' Union.
They're not the Children's Union, right. The Children's Union is
their parents and the rest of society fighting for what's
good for the children, and the Department of Education can't
demonstrably show that it's done anything good for our children
or our society. So while the Teachers' Union is going
(29:07):
to be there for the union dues and the continued
support of the hard left, we have to be advocates
for our children and for our nation's future and stand
up for them. And I'm sure it's going to be
a fight, but it's a worthy fight.
Speaker 1 (29:22):
Do you ever get your phone back. A lot of
people forget that story. I most definitely do not. Why
don't you recap that for us? You get your hands
back on that thing.
Speaker 7 (29:30):
I did get my phone back. However, the FBI and
the Department of Justice kept the data and Jesse you
can't imagine this, but somewhere along the line, they just
made some mistakes of putting that stuff out online, you know,
and when they weren't supposed to. And then when we said, hey,
you can't put that online, they said, oh, sorry, are
bad and then took it down. But by that time,
(29:52):
all the reporters had screenshot at all this stuff. You know.
You know how this goes, right, The intimidation and the
weaponization of the federal government when the Democrats and the
left are in charge, goes on unabated.
Speaker 1 (30:06):
Congressmen, I know it's not really what we're focusing on
right now as we're talking about funding bills, but this
is why I say we have to have people arrested
government people arrested and thrown in prison. I don't want
Democrats arrested and rounded up. I'm not saying that, but
when people commit crimes like what you just described, that's
going to be a crime. You can't take a position
at the FBI Jack of Republican congressman's phone leak is
(30:30):
crap online and then say oh, whoopsie and then get
off with probation or getting to retire early. You can't
save a country that with these people have to go
to prison.
Speaker 7 (30:39):
These people there needs to be accountability. There needs to
be an investigation at the Department of Justice. As you know,
Congress has done several investigations. I think they have come
up short, but we can only refer charges now. In
the past, of course, Merrick Garland was there, so referring
charges was meaningless. So we ought to revisit some of
those investigations. But we need the Department of Justice to
(31:02):
go through and do the investigation into these breaches of
your privacy and your civil rights and not just of mind.
There are many people across the country that the federal
government has been weaponized against. I'm talking about guys like
Scott Smith in Virginia, who you know had the gall
to question the school board's allowance of his daughter to
be molested in a bathroom, or Mark Hawk in Philadelphia
(31:27):
who was arrested under the Face Act, and you know
in the wee hours of the morning under point, you know,
the gunpoint and all that stuff. Those things have to
be investigated. Somebody is responsible for those actions and there
needs to be accountability for it. And the American people
need to see that so they can begin to trust
law enforcement again that it's not going to be used
for political purposes.
Speaker 1 (31:50):
Tell me about abolishing the Federal Reserve. I want to
talk about something wonderful that sounds fantastic to me.
Speaker 2 (31:55):
Tell me about that.
Speaker 7 (31:56):
Well, that's indeed, that's a Thomas Massey one page bill
that many of us, myself included, have signed onto. As
you know, the Federal Reserve is a private organization of
the well connected money people in the country with one job,
which is to control inflation. Unfortunately, it's become political like
(32:17):
everything else. They want to keep their job, and so
instead of controlling inflation by telling the truth, they just
try and do whatever Joe Biden or Barack Obama tells
them to do. And of course they don't do what
President Trump asks them to do. Inflation runs rampant. We
keep on spending too much money. They raise interest rates,
and people can't afford to buy homes or pay for
(32:39):
electricity bills. It is an organization that has long overlived
or probably should have never existed in the first place.
Let's face that, and you know, at a minimum, like,
why can't we just audit the FED? Why can't we
at least do that so we know what the hell
they're doing with our money?
Speaker 1 (32:57):
Yeah, how about that, Congressman, Thank you so much. I'm
glad at least you got your phone back. Appreciate you.
Speaker 7 (33:02):
Sir.
Speaker 1 (33:05):
Carol Ross's gonna talk to us. I'm gonna talk to
her about auditing the FED. I bet you Carol is
just gonna come out of her chair when I ask
her about that. Before I do that, let's talk about
saving you some money, because the FED certainly isn't going
to take care of your money. And know that we're
all looking for ways. What about a grand a year?
(33:26):
Average family when they switch to Pure Talk they pocket
one thousand dollars a year. We have family of four,
We had four lines. We switched from T Mobile to
Pure Talk. Our bill got cut in half, clean and half.
That's what I'm talking about for the same service. In fact,
I didn't even switch my phone. This is the same phone.
(33:47):
You don't have to switch your phone. You don't have
to switch your phone number. It's all handled my phone
and mail. Pure Talk makes it easy. They save you
all fortune. They're the patriotic cell phone company. There's just
no reason to switch, especially when they're on the same network.
Speaker 2 (34:02):
There's no reason not switch.
Speaker 1 (34:04):
Go to puretalk dot com slash jessetv switch today, we'll
be back. Well, good news on the inflation front. And no,
I don't expect you to do backflips or Tommy tucks
(34:25):
or whatever it is people do when they're excited. But
it's good news about inflation. We're expected at two point
nine percent. It came in at two point eight percent,
so I guess your money, Well, never mind, he's still
got poor, but not as poor as they thought.
Speaker 2 (34:39):
You were going to be joining me now, Carol Roth, author.
Speaker 1 (34:42):
Of so many wonderful books, including You Will Own Nothing. Carol,
I'm super excited that I am less poor than I
thought I was going to be this time of the year.
Speaker 2 (34:52):
So I guess that's something.
Speaker 10 (34:55):
Well, you know, Jesse, there would be no inflation, and
then inflation is transitory, and I guess if you go
out on a long enough curve, inflation will be transitory.
So yes, we should celebrate a little bit of good
news here, a little bit of working our way back
to what they think is an acceptable level of inflation.
I would argue zero percent is an acceptable level of inflation.
(35:17):
I want to keep my price stability and my purchasing power.
Speaker 6 (35:20):
But you know, they feel like you shouldn't do that.
Speaker 10 (35:23):
But I guess the good news here is that things,
at least for the time being, are working them back
towards something a bit more palatable. And I say the
time being because we still have a lot of issues
underneath the surface, and there is going to have to
be a way to deal with them.
Speaker 6 (35:44):
What I like to call a release valve.
Speaker 10 (35:46):
When they fix something over here, there needs to be
a release valve on the other side to make it
all balance out. And so I do think that we
will expect over the next several years some sort of
a return to higher inflation, or at least kind of
level being a little bit more sticky. But in terms
of all of the policy chaos going on with Trump
(36:07):
and friends, it may give you know, a little bit
more of a kick to the Fed to maybe shift
their policy move it in the direction that Trump is
trying to do to get a little bit more relief.
Whether any of this works is a whole other story,
but that's certainly what they're trying to push towards.
Speaker 2 (36:29):
Carol.
Speaker 1 (36:29):
What are these things underneath the surface that sounded so
jaws like and ominous?
Speaker 2 (36:34):
What's going on?
Speaker 6 (36:36):
We are We're going to need a bigger boat, Jesse,
for sure.
Speaker 10 (36:39):
You know, things like the fact that we have debt
to GDP over one hundred and twenty percent, which is
an emerging market balance sheet. We have deficits to GDP
in the range of you know, sixty seven percent, which
is a wartime level, almost double you know, what is
typical thing like a very high not in the context
(37:03):
of history, but at least in the context of the
last fifteen or so year interest rate on the ten
year yield, and that reflects how much we can refinance
our debt for which is why we're now paying more
in terms of interest on the debt than we are
in terms of things like our defense spending, which is.
Speaker 6 (37:22):
Not really great for a country.
Speaker 10 (37:24):
The strength of the US dollar, not again against a
basket of groceries, but against other currencies around the world,
that has come down a little bit with some of
these machinations by the Trump administration. But there are all
of these things that work in concert, and any time
somebody in the administration tries to do one thing, it
potentially could be impacted by something else. So we've talked
(37:45):
about before. You try to cut government spending through DOGE
and you try to narrow that deficit. But if that
leads us to a recession or we see the stock
market come off as it has and we get less
in terms of government reces seats than it could actually
end up widening.
Speaker 6 (38:03):
The deficit, which means we.
Speaker 10 (38:04):
Have more to finance, and we create this sort of
vicious cycle and potentially, you know, wonderful things like debt
spirals or sovereign debt crises or whatnot. So underneath the
surface jaws, the financial jaws does remain, and you know,
make sure you've got your little life best on, for sure.
Speaker 1 (38:24):
Carol, what do you make of the stock market in
the dips that have been having Now me personally like
a saying human being, I don't wake up and check
it every day. I most definitely don't check it when
it dips. I fire and forget, I set it off,
and I forget it's ever there. And I'm a much
happier person for it, but I do get panicked emails
and texts from friends and family. Did you see what
(38:45):
happened today? So what does Carol Ross say about it?
Speaker 10 (38:49):
Well, Carol Ross's going to take a victory lab by
Jesse Kelly show, which is I gets the reason why
potentially I get invited back here. A couple of months ago,
we had a session together and I warned everyone. I
said that the market was overvalued and that we could
see it come off. And you know, like I do
every time on the show, Jesse, I tell you things
(39:09):
and then they end up happening. So that was, you know,
somewhat predictable. We have a very overvalued stock market that
was looking for a reason to correct itself, and Trump
gave gave them that reason in terms of the tariffs,
which I think at first the market took as maybe
this is just a temporary thing. And then as they've increased,
(39:32):
he's gone from being interpreted, you know, seriously, to literally,
which isn't usually how people interpret Trump. It's it's usually
more seriously, not literally. So I think that that has
been the catalyst for things to move. I think that
this year is going to be very volatile, so you
can see things continue to go down, you'll probably see
(39:53):
times when it continues to go up. I think that
those movements and machinations are the things that you need
to be you know, earned about. But you'd never want
to be the person who sells at the volttom either,
And you know, it really kind of depends on your
your personal situation. So I will do the typical This
is not financial advice, but if you're somebody who is
(40:15):
planning to retire in the near future and you're worrying
short term about this volatility in the market, that's something
you should be talking to your advisor. There should be
a plan in place, and you should have a diversified
portfolio that accounts for having a shortened time frame versus
people who are younger and have a much longer time frame.
(40:38):
To write it out, because I still do believe over time,
given our financial situation, that there will be a bias
towards things that resemble in inflation or loss of purchasing
power or asset inflation altogether over time, and I do
think the well, maybe not the real value, but the
nominal value of stoff will continue to rise over long
(41:02):
periods of time, and so you want to have the
appropriate hedging in place, and again that depends on your
personal risk and your situation and your time for it, Carol.
Speaker 2 (41:15):
The FED.
Speaker 1 (41:16):
We just had Congressman Scott Perry on he wants to
end the FED, which sounds wonderful to me, but at
the very least he wants to audit the FED.
Speaker 2 (41:24):
What say you?
Speaker 10 (41:26):
So you know, I'm somebody who you know, focuses more
on ending the Fed's powers than ending the FED. Because
when you have somebody who can come in and make
monetary policy decisions and shift around the money supply and
do all of these things that really have enabled the
governments who continue to spend in a very irresponsible manner,
(41:49):
that's a bad thing.
Speaker 6 (41:51):
But when you just say end the FED, then those
powers remain up for grabs.
Speaker 10 (41:56):
And so the only thing worse than having the Federal
reserve those powers would be.
Speaker 6 (42:01):
If those went to Congress or something like that.
Speaker 10 (42:04):
So, you know, it's a very easy way that we
have to potentially control the money supply. You can have
something that's tied to a proxy for growth, maybe it's
tied to growth in the GDP, and the money supply
is tied to that something that Milton Friedman called the
kp er set rule, you know, many many years ago,
and you know, there are a lot of economists with
(42:26):
ideas around that, so you don't.
Speaker 6 (42:27):
Really need the Fed for that.
Speaker 10 (42:30):
There are a lot of things that happen in the
market that the banks could sort out amongst themselves.
Speaker 6 (42:36):
But the reality is, given the.
Speaker 10 (42:40):
Tenuous situation we're in, you know, all of a sudden,
pulling out the central bank of the reserve currency and
trading currency until we have that all settled out probably
doesn't go so well for us either. So I think
more more oversight, auditing, maybe limiting and reigning in.
Speaker 6 (43:00):
Some of their powers.
Speaker 10 (43:02):
But unless Congress is going to do their part, unless
they're going to get serious about fixing their piece, none
of this is going to matter anyway. So there's a
lot of work to be done, and I'm not sure
if there's the political will to have any of it fixed.
Speaker 1 (43:16):
So well, that makes one of us, Carol, I'm quite
sure there's not the political will. So all right, you
were really really hot about the small business issue last time.
Did that ever get resolved to go ahead and explain
what that was?
Speaker 10 (43:34):
Yes, So this is something that thank you for lending
your platform on a consistent basis over the last year
or so. But we had these small businesses who were
being hounded by the Financial Crimes Division of Treasury to
register with them in the spirit of stopping cartels and
money launderers and terrorists. Because I'm sure that you know,
(43:56):
all of those people were happy to register with the
Finance Crime Subvision of Treasury, and the you know, the
finds that were put in place, things like jail time
and up to six hundred dollars almost six hundred dollars a.
Speaker 6 (44:09):
Day and growing.
Speaker 10 (44:10):
You know that it was just egregious. It was just
an absolute insane thing. So it's something that many folks
have been working on for quite some time, including me.
Speaker 6 (44:18):
I testified in front of Congress about this last year.
Speaker 10 (44:21):
And finally, you know, the Trump administration, Scot Bess says, hey,
we're going.
Speaker 6 (44:26):
To step up.
Speaker 10 (44:27):
We're going to be a supporter of main Street, We're
going to support deregulation. And finally they came out at
the end of February that was finalized on March second,
with a notice that says, okay, if you are a
US citizen or you have a US based business, meaning
you don't.
Speaker 6 (44:45):
Have foreign ownership and you're not a foreign business. We
are not going to force this.
Speaker 10 (44:49):
So even though they have not updated their website since
the enzend website, it is on the Treasury website, and
so you no longer have to do this, which is great,
and this is a huge relief to small business.
Speaker 6 (45:01):
However, however, two things.
Speaker 10 (45:03):
One is that it has to be codified by Congress
because if this is left to hang out there and
be at the discretion of Treasury, you and I both
know exactly what's going to happen when you get a
different set of people in charge. They're just going to
put it back in place. The second issue is that
there are a lot of small businesses who have already complied,
who have that information at risk for cyber attacks or whatever.
Speaker 6 (45:28):
It is that the government is going to do.
Speaker 10 (45:29):
So we need a statement that they're going to purge
that data.
Speaker 6 (45:33):
So it's very good news. We're getting things done.
Speaker 10 (45:36):
We're moving in the right direction, but we cannot relent
now because we have to kill the cockroaches. Like you
can't leave a couple in the nest, because they're just
going to crawl back out again.
Speaker 1 (45:47):
Amen, gosh, I hate cockroaches, Carol, thank you so much.
I appreciate it. We have light in the mood. Thanks,
But it is time to lighten the mood. And you've
(46:09):
heard me say it a bunch on the show. I'll
just say it again. Democrats embracing the tranny stuff, no
matter how you feel about it, is the dumbest political
move I've ever seen in my entire life.
Speaker 2 (46:19):
It weirds everyone out. No one's on board with it.
Speaker 1 (46:22):
It's the tiniest, tiniest sliver of the population. Everyone else
is grossed out, weirded out. You just look like a nutball.
And we have a tranny person in Congress.
Speaker 2 (46:32):
Now. His name's Tim McBride.
Speaker 1 (46:33):
Wait wait, sorry, changed his name Sarah Sarah McBride. Still
a dude, dresses up like a chick, pretends to be
a chick, steal a dude, and Republican Congressman Kent Keith's
self basically calls him mister, just calls him a dude,
and Democrats freaked about it.
Speaker 11 (46:52):
Recognize the representative from Delaware, mister McBride.
Speaker 10 (46:58):
Thank you, madam, Chair ranking Member Keating also wonderful, Chairman.
Speaker 11 (47:02):
Could you repeat your introduction again.
Speaker 2 (47:04):
Please, yes, it's a.
Speaker 7 (47:06):
It's a.
Speaker 4 (47:08):
We have set the standard on the floor of the
House and I'm simply.
Speaker 2 (47:12):
What is that standard?
Speaker 7 (47:13):
Mister chairman?
Speaker 11 (47:15):
Would you repeat what you just said? You introduced a
duly elected representative from the United States of America, please.
Speaker 4 (47:22):
I will the representative from Delaware, mister McBride.
Speaker 11 (47:27):
Mister chairman, you are out of a order. Mister chairman,
have you no decency? I mean I have come to
know you a little bit, but this is not decent.
Speaker 2 (47:37):
We will continue this.
Speaker 11 (47:39):
You will not continue it with me unless you introduce
a duly elected representative the right way.
Speaker 7 (47:46):
This hearing is adjourned.
Speaker 2 (47:55):
Deride that way of Democrats. Sable H.
Host
Jesse Kelly
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