Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Let's get ourselves ready for what's to come in the
coming years. I'll explain in a moment, Liz Colin is
here to expose more fraud in Minnesota, When is happening
in Iran? All that and more coming up on im?
Speaker 2 (00:13):
Right?
Speaker 1 (00:24):
All right, let's chat. And this is not at all
I need to get ahead of this right now. This
is not at all supposed to depress you or bring
you down at all at all. This is a chat
that we're gonna have, that I have with myself this weekend.
You should know. It was Friday, Saturday. I forget what
(00:44):
it was, and I was sitting around and had some time,
and I just started processing things, things like all the
fraud that's currently being exposed in places like Minnesota. We'll
get to Liz Colin in a few things like that.
We'll get to that. But I was kind of processing
things in my mind. And we're starting to hear rumors,
get flat out stories about fraud in California, fraud in Washington,
(01:09):
New Jersey, this and that. So let me explain something.
Let me in fact use this analogy. Let's say, have
you ever known anyone I'm very sad to say you
probably do or have known someone I certainly have who
got diagnosed with cancer, maybe even fairly late stage cancer,
(01:31):
stage three, stage four. I've gone through this in my
own life. I'm sure you probably have as well. Sadly,
it's one of those terrible things that affects everybody. But
if you've ever known anyone and I have that gets
diagnosed with it, there's a lot that they go through,
of course mentally physically, but one of the things that
seems to hit home time after time after time is,
(01:54):
oh my gosh, I'm I'm glad I know now now
I could try to do something about it, try to
treat it. I'm glad I know now, but man alive
to be at this stage. This cancer has been growing
inside of me for a long time, and I had
(02:18):
no idea. I'm glad I know now. I wished i'd
known then, but I'm glad I know now. So let
me talk to you patriot in the United States of America.
For a variety of reasons which we're about to go into,
we are starting starting the general public is starting to
(02:39):
realize that we have cancer. The fraud, the theft from
the American taxpayer, we're just scratching the surface. Minnesota is
all the rage right now because it appears to be
ground zero. But I'm here to tell you that is
(03:02):
only our first little crack in the window. So we
can just peek inside, and we're mortified by what we see.
Oh my god, there's cancer in here.
Speaker 3 (03:13):
Look at the fraud.
Speaker 1 (03:14):
But it's just a crack right now. As the Trump administration,
to their credit, they're doing this. As the Trump Administration
continues on, and that crack gets bigger and bigger and
bigger and bigger. It has a chance unless you are
mentally ready for it to dishearten you. When they start
(03:39):
digging into California, it's going to make Minnesota look like
a convent. That's that's what it's gonna do. And this
is not just California and Minnesota. For years, for decades,
the cancer has been metastasizing inside of the body of
(04:00):
the United States of America. As a Democrat party with
some help from Republicans, of course, but as a Democrat
party has turned into the evil, demonic Communist party as
they have brought in not just the mass importation of foreigners,
but as they have chosen as their voting base every
miscreant and malcontended group in the United States of America.
(04:21):
What has happened is the Democrat Party has become, by
far by a mile, the largest organized crime group in
the history of the world. A group where its politicians,
its power brokers, its funders, work hand in hand with
the base, with the people they bring in, and their
entire purpose in life is to steal from you. Their
(04:45):
entire purpose in life is to access the treasury, whether
it be a city treasury or a county treasury, or
a state treasury, or the United States Treasury. Their entire
purpose in life is to access it and steal from you.
What we are seeing in Minnesota is bad. And you're
(05:05):
already seeing people and maybe you felt this way yourself,
say things like I'm not paying taxes anymore. By the way,
please pay your taxes. Don't go to prison for all
this anyway. But you're already seeing that sentiment, and it's
an understandable sentiment. Why am I paying taxes? I'm paying
for this broad and I'm paying for that front. You're
already seeing it. You're already mad. I'm already mad, and
we have every right to be. I'm not telling you
(05:27):
don't get mad, But what I'm telling you is this
is the first doctor's appointment. What we're having, what we're
going through right now is the first doctor's appointment. This
is the doctor's appointment. We don't even have actual results
yet for anything. What we have is some blood work
(05:48):
that looks a little wonky, where the doctor calls us
in and says, hey, I'm looking at I've been looking
at your that blood you just gave. There are a
couple levels that are off. They're a little bit concerned.
We've got to go in for some more tests. Well,
I'm here to tell you we're going to go in
for more tests and the results are going to be very,
very very bad. They're going to be disheartening, and you
(06:12):
need to prepare yourself for it. And remember always remind
yourself as this stuff gets exposed more day after day
after day after day, remind yourself that you have to
find the cancer first. This is part of it. I
don't want to live in a country where we have
cancer in every part of our body. Neither do you.
That's the last thing in the world I want. I'm
(06:33):
not telling you to be happy about it, but I
am telling you this discovery process we're going through now
is just the beginning. It will get worse, but this
discovery process is necessary. And the reason I say it's
going to get worse is it's at the highest levels.
(06:55):
It'd be one thing if this was some street gang
in Minnesota in Minneapolis figured out a way to do
the little daycare fraud. This is a sitting member of Congress.
Speaker 4 (07:09):
We are going to show all of them the door out,
and we are going to make sure we are going
to make sure that these people pay for what they
have done to us.
Speaker 1 (07:33):
It's not just a couple street thugs. It's people in
high places. And maybe you've been watching for the last
week or so, give or take a couple of days,
what's been happening, the demonstrations going on in places like Minneapolis.
Maybe you've been watching this stuff and wondering why where so, Lauren.
Speaker 5 (08:05):
Right now we are in downtown Minneapolis, even following this protest,
outside of a hotel where these protesters believe federal agents
may be staying, and just in the last few seconds
it appears they're trying to get actually inside this hotel.
Speaker 6 (08:21):
Up with the guys were God, we've got their nose
for America.
Speaker 7 (08:29):
You shot a.
Speaker 4 (08:30):
Woman in.
Speaker 8 (08:36):
Weapons, going to the gun's door, got a gun as
you guys man, Maybe.
Speaker 1 (08:47):
You're wondering why, well, how do criminal organizations respond when
they are under threat? How do they respond? This is
how they respond. This cancer, this fraud, the looting of
the taxpayer, has been going on for so long that
(09:07):
we now have an entrenched criminal enterprise, much of it
in the government itself. And they're not going to take
kindly to being exposed anymore than the local mafia boss
is going to take kindly to his face being plastered
on the front page of the newspaper. Why do you
(09:28):
think Democrat politicians are running to the camera to defend
a communist activist who tried to run over an Ice
agent on camera.
Speaker 9 (09:39):
This thirty seven year old woman drops her kid off
at school, not involved in protest to activity or anything,
seems to be in the wrong place at the wrong time.
Speaker 10 (09:49):
Prone Nicole Good. As you hear her say, she's not mad.
She's sitting in her car peacefully waving cars to get by.
As you see, gets out of his car automatically starts
running towards her, trying to open her door. She feels scared.
She tries to turn the wheel away and then you
(10:11):
see the other officer who can clearly see the cars
moving move towards the front of the car, which, if
they are saying that he has ten years on service
and is trained, he should know that you shouldn't be
trying to get in front of a moving car.
Speaker 1 (10:29):
Does your rhetoric need to change?
Speaker 11 (10:32):
Yeah?
Speaker 1 (10:32):
Yeah, I said this was a federal agent recklessly using
power that ended up in somebody dying. Because that was
a federal agent recklessly using power that ended up in
somebody dying.
Speaker 12 (10:41):
I haven't seen the latest propaganda video from DHS.
Speaker 13 (10:44):
I don't care to.
Speaker 12 (10:45):
I don't believe that it's going to make me mistrust
the evidence that I have seen with my own eyes,
that I have heard from the mouths of my just
incredibly distressed and traumatized constituents who watched a masked federal
agent execute someone in their street in the morning during
the morning commute.
Speaker 1 (11:06):
Keep in mind, none of those people care about Renee Good.
None of these people care about what actually happened. What
they do very much care about is us, you and
me finding out that they've been stealing from us for years.
We just got told we have some bad blood work,
(11:27):
and this is me sitting here telling you the results
of our next test are going to be worse, and
the one after that, and the one after that. As
we go from state to state, fraud ring to fraud wing,
anywhere it's controlled by Democrats, it's going to get worse.
And if you're not careful, you can get disheartened as
(11:49):
we find out just how much has been stolen from us.
Don't be disheartened. This is necessary. We have to go
through this if we're going to treat the cancer. All
that may have made you uncomfortable, but I am right.
The wonderful Liz Colin is going to join us next
and she's going to discuss the latest and worse from
(12:12):
Minnesota because she's all over these things before Liz Colin
joins us. Speaking of stealing, how much do you pay
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Speaker 14 (13:16):
There's no doubt as to the fault and the blame
and the guilt, and that is the massive escalation of
this administration against our state, the state of Minnesota, as
they have done in Illinois, Portland and Los Angeles. This
massive escalation, telling these agents that Somali people are garbage,
saying that Mexican Americans are rapists and drug dealers, saying
(13:38):
all these hateful things. Has is the policy reason why
Renee Good is dead.
Speaker 1 (13:46):
And I just want to be clear.
Speaker 14 (13:47):
This is there is a specific reason why she's dead,
which is, you know, the decision that an officer made.
But there is a general policy reason why she's dead,
and that is because of this massive, unknown, necessary, uncoordinated, coordinated,
chaotic escalation, and it needs to stop, and it needs
to stop right away.
Speaker 1 (14:09):
That's pretty revealing. For where we are, not because some
brain dead communists went on ms now and spewed out
things like that, but because that guy has a little
position like attorney general in the state of Minnesota, which
really that's probably not good. Joining me now, Liz Colin,
we might as well just bring her in studio at
this point in time, because apparently she's going to be
here every week exposing all the crap going on in Minnesota.
(14:30):
Liz Senior Reporter, Alpha News, Liz Colin. Okay, Liz, what's
the latest and worst from your state that is apparently
all fraud?
Speaker 15 (14:39):
Yeah, I seem to be here to highlight the worst
of the worst. Jesse, Thanks for having me back. But
over the weekend, I'll just bring your viewers up to speed.
We saw about thirty people arrested. That was for property
damage to downtown hotels in Minneapolis. They were blocking traffic
as well. The shift again, though, I will say, is
shifting to just that fraud. You do have this battle
(15:01):
back and forth though between federal and state officials. The
state seems to want to take control of the Rene
Good shooting investigation involving that ice officer. The FED say,
you know, hey, he's an ice agent. This is our investigation.
So we've had quite a bit about that. We are
hearing some rumblings about Governor Tim Walls resigning. Nothing concrete,
(15:25):
I will say these were also rumors that happened months
ago as well. We do expect another viral video. I'm
sure it will go viral from Nick Shirley and David
the researcher that was highlighted in his video. He spoke
on Friday, I was part of a panel where the
Treasury Secretary was actually in town here highlighting many things
(15:46):
they were doing to crack down on Somali fraud in Minnesota,
and then as where David spoke at the panel to
say this next video is going to be ten times worse.
He also said that it was a couple of years
ago that he went to Governor Walls and said, when
I fully expose you, you will resign. So those were
his words that he highlighted as part of that panel.
(16:08):
For the most part, though, we did not see the
widespread rioting that we saw obviously here in Minneapolis, Jesse
five years ago related to George Floyd. The January weather
certainly could be playing a part in that as well.
Speaker 7 (16:25):
Ah.
Speaker 1 (16:25):
Yes, I do not miss January's up north, Liz, can
you before we get to walls, can you elaborate a
little bit more on the street demonstrations. You said, you
said they're damaging hotels. How many people are we talking
about here? Did law enforcement crack down? Did they let
the animals run wild? We all remember famously they just
burnt down a police precinct in Minneapolis at one point
(16:47):
in time. How was this handled? How many people are
we talking about? Give me some sense of it on
the ground, because I'm not traveling up there. It's too
cold right now.
Speaker 15 (16:55):
Don't blame you. But Friday, yeah, it was about thirty
arrests Friday. I think that's when we saw more mass
arrests take place. We have MPD at this point, that's
the Minneapolis Police Department. They seemingly don't want to be
involved in any of this at all. In fact, d
n R officers the Department of National Resources. Those officers
were brought in from all over the state to work
as sort of a riot control, if you will, in
(17:18):
the Twin Cities. And also that the state Patrol took
part as well in rounding up people to arrest. In fact,
we saw Minneapolis police on scene going back to their
squad cars on Friday night as crowds were sort of
shouting at them and chasing them, which looked to be
that they were retreating and going back to their vehicles.
I know that I've received many correspondents with cops on
(17:40):
the street just saying how demoralizing this is to see
this all in action again to be having to stand down.
But we did see many arrests on Friday. Saturday seem
to be more quiet. What I will say is quite
telling is the organized effort to go after ice officers.
We've done some reporting on this over at ELPHINEW in
(18:01):
the months leading up to all of this to try
to help expose this for what it is. This is
not an organic situation we're seeing unfold in Minneapolis. These
are well organized, well funded groups in this area that
are trained to go after ICE officers, trained to be
honking their horns. We saw that as DHS released more
(18:21):
video on Saturday of this very incident Renee Good and
her wife on scene for several minutes honking their horn,
blocking traffic. We saw that released on Saturday, and we're
working to expose even more on these groups because they
have stepped up their efforts basically tracking the every move
of ICE officers, and there's a lot of them here
now as President Trump has made Minnesota more of an
(18:46):
area where he said that, you know, they're bringing more
people in. We heard that from DHS that hundreds more
would be headed here, and it does seem that many
more are here at this point.
Speaker 1 (18:57):
Liz, I know you said you're working on it. What
do we know now? Do we know anything about who
is doing the organizing, who is doing the funding. It's
very clear that there are communist street groups here that
have money, they have means, they're organized. Who's doing this?
Speaker 15 (19:14):
Yeah, just from our past reporting and connecting with Renee Good,
it seems she was a member of what's called ice Watch.
And you can go ahead and look these groups up themselves.
They have Instagram pages, they're on X but you can
see there's actually a database I was looking for myself.
But you can see that they're reporting in real time
(19:34):
where these ICE agents are. They're communicating with one another,
they're pulling license plates whenever they can of ICE officers.
It seems in reporting that back to this group that
again you know, I could access just as anybody else
could online. We saw some basically sketches, I guess you
could describe them as as how to get up in
(19:54):
officers faces, to record video of officers on the scene,
what to be shout at them again, honking their horn.
But this is all really laid out in black and white.
They're calling it, you know, constitutional observers or conducting this training.
We saw some more of these sessions that this weekend,
but one would argue that this is not, in fact
(20:16):
what you should be doing to any member of the law.
Speaker 1 (20:22):
Liz, Let's go back to Tim Walls. As you mentioned,
I've been hearing the rumors you're a lot more wired
in than I am that he's going to resign. Who
knows whether or not that's true, but he is a governor,
which would mean he probably has enough cutouts between him
and whatever fraud has been going on to keep his
hands clean, I would assume. But maybe I'm wrong about that.
(20:45):
Do you think maybe he ends up thirty in all this?
Speaker 15 (20:50):
You know, I'm still not sure how to answer that question,
but I will say Jesse, he was noticeably absent this weekend.
The last press conference he held was Friday. He seems
what I would say is a bit more unhinged the
last couple of press conferences that he gave last week.
We did see him actually this morning, so Monday morning,
(21:11):
he went with his wife to this memorial for Renee
Good in Minneapolis. He was seen there, but it did
seem telling. He wasn't on any you know, national shows
this weekend and was out of the spotlight. He was
on X trying to tell crowds to stay peaceful this weekend.
But we are, you know, just hearing again more from
(21:33):
the federal government, and they're putting him right in the
bullseye with a lot of this. And I think we're
now also have to see what is to come in
this video that will be released as again this David
Nick Shirley's guy. They went in and described what they
found as ten times worse than the video that I
(21:55):
think has been viewed like five hundred million times or
something along those lines, highlighting the fraud in Minnesota.
Speaker 1 (22:03):
Liz, I'm positive we'll talk again soon, so I don't
even have to have to say that. I appreciate you
very much. Come back. Who's going to be bad? Ten
times worse? That's not good, all right, Iran? Maybe you
don't care. I'm not huge on Iran. I would like
(22:24):
to see people be free everywhere in the world, though,
And it looks like these demonstrations there are are huge
We about to see a regime toppled. Is everybody just
going to have their fingernails pulled out? I don't know,
but Lee Smith generally does know. So he's going to
join us in a moment before we get to Leise
Smith and talk to you about chips. I had a
(22:45):
thing this weekend. Right here was my thing. It was Sunday,
and I had said that I was going to fast
all day until dinner time. I do that from time
to time. Is just look, my body needs the detox,
all right. But then massive chips got me. Look it's
not like I have to feel bad. There's no seed oils.
(23:07):
There are chips you can eat guilt free. Who was
like one or two in the afternoon and someone left
The pantry opened, and I walked by, and I looked
in and I saw the lime ones. I loved the
line ones, especially with some hot sauce on them. And
I went in and I got some and I laid
waste to the whole bag. All right there, I said
it you want chips that are that good that you
(23:28):
can eat guilt free, Massive chips, dot com slash JESSETV.
We'll be back.
Speaker 7 (23:44):
The leaders of a run called they wanted to go Sha.
I think they tired of being beat up by the
United States. Iran wants to negotiat. Yes, we may meet
with them. I mean it's a meeting is being set up,
but we may have to act because of what's happening
(24:05):
before the meeting.
Speaker 1 (24:06):
The series.
Speaker 7 (24:09):
Don't you think so? CNN? Don't you think so? Wouldn't
you say that they probably do it this way after
going through it for years with me being hit Salimaty
out back Daddy, the rad nuclear threat weg down, don't
you think? And then you just had Venezuela. Don't you think?
She says, CNN? Do you think they take your threat? Seriously?
(24:32):
What do you say they do after all of the
things we have done? What a stupid question.
Speaker 1 (24:39):
It's not wrong. What is happening over there? I don't understand.
It's odd place joining me now. The wonderful Lee Smith
should really read everything he writes. He has a book,
The China Matrix. Honestly, just just just go ahead and
pencil yourself in for everything, Lee Smith writes, Lee, before
we get to the China matrix and other things on Look,
(25:01):
all I have is social medialy. I see a bunch
of people in the streets. They see some girls lighten
up pictures with their cigarettes. I now see body bags.
But I don't trust anything I see on the internet anymore.
Can you set the stage for us, what's happening on
the ground, Why is it happening? Where's this going?
Speaker 13 (25:17):
Well, I mean you're right, first of all, it's hard
to tell exactly what's happening on the ground. Some of
the accounts on social media can be trusted, others can't. And,
as Donald Trump pointed at CNN, is probably this point
not a reputable relayer of international affairs. Look, the big
thing that's happened here that we know that there have
been Iranians have taken to the streets many times over
(25:39):
the last several decades, most memorably in two thousand and nine,
and Barack Obama sort of turned his back on them
because what was important to Barack Obama was clinching the
Iron Nuclear Deal, in other words, legalizing the nuclear weapons
program at the terror state. And as Donald Trump pointed out,
and that in that clip that you showed, Jesse. The
(26:00):
difference is Donald Trump, who has shown his willingness to
use force. And look, this is another reason why these
protests are different, because the President of the United States
is different. It's not Barack Obama, it's not Joe Biden,
it's Donald Trump. Right, So when Donald Trump is talking,
they have to be very careful, and the Iranians have
(26:21):
to be careful because Trump has worn them. Most importantly though,
Look those attacks on the nuclear facilities, Iran's nuclear facilities
in June, the joint US Israeli attacks, this really damaged
put a huge dent in the regime because the nuclear
weapons program has been the crown jewel of this regime
(26:43):
for several decades, going back certainly to the nineteen nineties.
The fact that Trump obliterated it is a very big deal.
So the regime lost prestige and power, not just internationally
but also domestically. So the big difference, the enormous variable
that has to be taken into account right now, as
that man right there on the other side of the screen,
(27:05):
Donald J.
Speaker 7 (27:05):
Trump.
Speaker 1 (27:08):
Okay, Lee, So the protests themselves, what's it about?
Speaker 7 (27:13):
Right?
Speaker 1 (27:14):
There are things in politics here in America. That make
you mad, or probably make me mad, But they don't
make average citizens mad enough to take it to the
streets and risk having their fingernails pull it out in
some Iranian dungeon. Why are these people in the streets.
What are they upset about? Is it the price of bread?
Is it the Islam thing?
Speaker 7 (27:30):
What is it?
Speaker 13 (27:31):
Well, for some people, certainly it's about you know, this.
Speaker 1 (27:34):
Started and the bizarres.
Speaker 13 (27:36):
It started with the merchant class and they were losing
a lot of money because the economy is very badly damaged.
But students have another perception of how things are going.
And look, there's a lot of people, I mean Jesse.
Of course you're right about the torture. They send dissonance
famously to the notorious Evan prison where people are mangled,
their bodies and minds are mangled there.
Speaker 1 (27:58):
So this is a very big deal that you're right.
Speaker 13 (28:01):
That people are risking, risking or risking their lives, not
just their bodies, risking their lives to take it to
go to the streets against this regime. But if we
understand what's been going on there, it's a very dark regime.
It's a very dark place and I think that a
lot of Iranian people want they want another life. I mean,
(28:22):
you're right, we don't go out into the streets. We're
not accustomed to going out in the streets to risk
our lives for what we want. On the other hand,
these people have had very very dark lives for a
very very long time now, dating back to nineteen seventy nine,
and all around the world, people do want to have
some sort of not just hope that they want some
light in their lives. That's a very big thing and
(28:43):
it's motivated a lot of very courageous people in Iran.
Speaker 1 (28:49):
Lee final question on you wrong. So I want to
move on to China. If we're going to have a
regime change of any kind, maybe the people overthrow it,
maybe we help, maybe we are helping. Who knows? Is
there there somebody we have in mind that will be
ideal Because we've seen regime change fail so many times
because we replaced one tyrant for another tyrant. What would
(29:09):
we be looking at if this government left?
Speaker 13 (29:12):
Well, I I you know a lot of people talk
about the Shah, and I think that's one of the
son of the shaw, the you know, Rezapa Lavi. I
personally think that's unlike I think what we'd wind up
with is I think it's something like the Soviet Union
where the you know where where aside from the you know,
aside from maybe a few figures on the top, for
(29:33):
the most part, you have the old regime, except they're
greatly weakened. Uh there, and and and and they're dependent.
They're dependent on.
Speaker 1 (29:42):
A lot of outside help.
Speaker 13 (29:43):
But look, if we look at Venezuela as a model,
what happened there. So the Trump administration removed the dictator
pres hit president for life Nicholas Maduro, and now who's
running the country. It's the vice president I suspect an
Iran if If Jamena and the other top clerics and
some of the time BIERGC officials are removed from power.
(30:04):
I imagine what we'd see is we'd see other IERGC
officials running that country. The IERGC, the Islamic Revolutionary Guard Corps,
is deeply embedded in Iranian society, so I imagine they
would wind up running that regime. Except they're going to
be on their best behavior because they will have seen
Donald Trump removing people who have not been on their
(30:25):
best behavior. So I think that's a likely option, and
maybe for now that's the best option.
Speaker 1 (30:32):
All right, Lee, China, China has an interesting wrong. China
has an interest in Venezuela. China has interests in many
parts of the globe right now. Are they losing It
feels like maybe, just because I'm a prisoner of recent news,
it feels like they're losing ground, are they?
Speaker 13 (30:48):
No, Jesse, I'm glad you put it like this because
I think that's a very important way for your audience
and for all Americans to look at the news, not
just abroad, but also you know, we've looked at the
success of Donald Trump's regime. We saw that, We saw
that in October the trade deficit is lower than it's
been in fifteen years, more than fifteen years. So the
(31:11):
teriff regime against China is having a great deal of success.
And also, yes, Venezuela, Iran, all of these things, that's
the way to understand what's happening. It's all part of
what I call the China access. It's very important. So
when a lot of people talked about after Venezuela, well,
it's just about our hemisphere, the Western hemisphere. It's not
how Donald Trump sees it. Donald Trump sees it holistically,
(31:33):
the major problem right now facing the United States, the
major threat to our peace and prosperity, is the Chinese
Communist Party. So all of these things are helping to
weaken the Chinese. And Iran's a very very big deal
because China's ally there Iran. Remember, they're right in the
(31:53):
Persian Gulf on the Straits of Hormuz, and so much
of the world's energy passes through that the idea that
the Chinese would have a foothold in the Persian Gulf
is very bad for the United States. And it's the
Chinese above any other power, whether that's Russia, Iran, Venezuela,
terror group, scut or whatever it is. Those are the people,
(32:14):
the Chinese, Chinese leadership, that's who wants to see the
United States weakened, and that vitally important part of the world.
Speaker 1 (32:25):
He wrote a book, He's written a bunch of them,
the China Matrix, if you want to understand much more
about our by far our most powerful geopolitical enemy. Lee
as always, thank you, my brother. I appreciate you very much.
All right now, I don't need great that's not exactly
(32:46):
news to anybody, you know. I like kraftmac I like
Totino's pizza. But I'm forty four and sometimes my stomach
doesn't handle it like it used to. That's where Cowboy
colostrum comes in. This was last summer. Actually, my sister
told me about cowboy colostrum. Oh it's great for your gut,
(33:08):
great for your gut. I'd never even heard of colostrum. Okay,
all right, I'll try it.
Speaker 7 (33:15):
Man.
Speaker 1 (33:15):
Stuff's amazing. I put it in my coffee every morning.
That's how I take it. I have the chocolate. They
have strawberry and vanilla and everything, but I have the chocolate,
A couple of scoops in my coffee every single morning.
It's delicious. It's just like you're having chocolate coffee. But wow,
what a difference, What a difference. I don't even have
a heartburn anymore. Ever, never won't try it. Try it
(33:39):
and it'll be your new morning routine. Cowboycolostrum dot com
slash JESSETV. We'll be back.
Speaker 2 (33:57):
On Friday. The Department of Justice served Federal Reserve with
grand jury subpoenas threatening a criminal indictment related to my
testimony before the Senate Banking Committee last June. That testimony
concerned in part a multi year project to renovate historic
Federal Reserve office buildings. I have deep respect for the
(34:18):
rule of law and for accountability in our democracy. No one,
certainly not the chair of the Federal Reserve, is above
the law. The threat of criminal charges is a consequence
of the Federal Reserve setting interest rates based on our
best assessment of what will serve the public, rather than
following the preferences of the President. This is about whether
(34:39):
the Fed will be able to continue to set interest
rates based on evidence in economic conditions, or whether instead
monetary policy will be directed by political pressure or intimidation.
Public service sometimes requires standing firm in the face of threats.
I will continue to do the job the Senate confirmed
me to do.
Speaker 1 (35:01):
It's important to have a bottle of water handy whenever
you're talking on camera. I should note, especially if you
tend to get nervous, otherwise you have that really dry
mouth swallowing thing you just saw there and it looks
just terrible. Joining me now, Carol Roth, I bet she
doesn't have dry mouth right now, because she's used to
all this. Two times New York Times bestselling author and
recovering former investment banker All right, Carol, I'm sure you
(35:23):
have a battle of water handy, but that aside, what
did I just watch a hostage video?
Speaker 16 (35:30):
It is so bizarre, this entire situation, and it is
completely unusual for the FED to come out and put
out a video on an unscheduled basis, especially on something
like this. So lots of very strange things happening, in
addition to the obvious dry mouth, which you know, I
(35:52):
don't think serves the purpose here very well. Now, the FED,
Jesse is an awful entity. So I hate to say
anything that you know, might be okay about the FED,
but you know, I like to call balls and strikes,
So I'm going to talk about what's going on. The
FED is doing a renovation that Congress talk to it,
(36:13):
to the FED about, and to drum Powell about, which
is some ridiculous amount of money.
Speaker 3 (36:18):
It's like three billion dollars.
Speaker 16 (36:19):
You could have build multiple football stadiums for the amount
that is costing for renovation.
Speaker 3 (36:24):
And we can all say that it.
Speaker 16 (36:25):
Is incredibly awful and out of touch, especially at a
time when Americans are struggling to get by with their
day to day needs. And that in part was brought
about by government and FED policy. What I don't think
that most people understand is how the FED is funded.
So technically it is a self financing organization. It is
(36:48):
overseen by Congress, but Congress doesn't give them tax payer
money to fund the FED directly. Basically, the FED has
assets on its balance sheet, mostly treasury bills, sometimes mortgage
bax securities that's gone. It's created money out of nowhere
and put those on its balance sheet, and it receives
interest payments on that, as well as some servicing fees
(37:11):
for banks. Then it has all of its operations tracks
from that, it pays out interest. When it holds reserves
for banks, it pays them interest, So they kind of
net everything out, and in like recent history, if there
was a surplus, they would give that back to the treasury.
So there is a technically a flow of funds that
(37:34):
could go and help us to pay down debt.
Speaker 3 (37:37):
But since about September of.
Speaker 16 (37:39):
Twenty twenty two, they have been running at a loss
because of the interest rate hikes, and now all of
a sudden, their operating costs are too high.
Speaker 3 (37:46):
So you could.
Speaker 16 (37:47):
Say maybe there is an impact here because now the
operating costs are higher and it's going to take a
longer time for them to remit anything to the Treasury
to help us pay down debt. But the reality is
ninety nine nine point nine percent of Americans have no
idea how any of this works. And so what they're
concerned about is they think that this is coming out
of taxpayer dollars. And it's not just like the Trump ballroom, right,
(38:11):
they're doing renovation. It's from a private entity. Is there
probably some kind of shenanigans that are going out and
somebody's benefiting from it, probably, But it's not coming out
of our tax dollars.
Speaker 1 (38:23):
Okay, all right, so it's not our money. Let's focus
on what we know about the renovation. As you pointed out,
three billion dollars that'll build you a whole lot of
really fancy stuff. But when it comes to any government
or quasi government organization, we always have to play the game.
Is this incompetence or is this fraud? What do we
(38:44):
know so far? What do we think about what we're
looking at?
Speaker 7 (38:46):
Carol?
Speaker 3 (38:47):
Yeah, I mean I don't know.
Speaker 16 (38:50):
Obviously it could easily be a little bit of both,
but again, you know, it's only maybe technically indirectly impacting
what's going on in you know, with taxpayers.
Speaker 3 (39:01):
It's not coming out of our dollars. It's just you know, stupid.
Speaker 16 (39:04):
And if you think about all of the you know,
potentially like almost three quarters of a trillion dollars a
year worth of waste, fraud, and abuse that's going on
of the government at all levels, federal, state, and local,
that we do know about, it seems to me that
we should be focused on that. And by the way,
if you were going to get in on the FED
(39:25):
for something that it's been, you know, at least a
figuratively criminal, the way that they have absolutely killed the
cost of housing and affordability in the US and enabled
the government to do all this bad spending. So I
think there are a lot of things that we can
go after the FED for. And perhaps that is the
forty chess here. Maybe this inquiry, this idea that there
(39:47):
was some lying to Congress is meant to you know,
be the avenue to force an audit or to get
other information that might make sense. But it's coming off
as very political, and that's not a great thing, even
though we know it is a political organization. The veneer,
the pretending the illusion that it's really independent. It seems
(40:10):
to be very important to the markets.
Speaker 1 (40:14):
Donald Trump said this about credit cards and interest rates,
and I thought it would be entertaining to get your
take on it.
Speaker 17 (40:22):
Here he was, I want a cap or credit card
interest rate because you know some of them are twenty
eight almost thirty percent, and that people don't know they're
paying thirty percent.
Speaker 7 (40:34):
The people out there and you know they're working and
they have no idea that they're paying thirty percent. No way,
We're putting a one year cap at ten percent, and
that's it. They know they've really abused the public, and
credit card companies have totally abused. I'm not gonna let
it happen.
Speaker 1 (40:53):
Ry Carol. I'm just gonna give you the floor so
I don't get upset.
Speaker 16 (40:59):
I feel like we should be calling this the segment
Sophie's Choice, because you keep making me have to defend
things that are really bad at their core, but for.
Speaker 3 (41:10):
The wrong reason. So there's no good outcome here. Folks.
We have to stop cheering on.
Speaker 16 (41:16):
Trump when he puts forth Bernie Sanders in AOC mandates
this is an idea that came from AOC capping credit
card rates.
Speaker 3 (41:26):
It's a price control.
Speaker 16 (41:28):
And it's funny because when she does it, or Bernie
Sanders does it, everyone says, go homecoming. And then when
President Trump does these things, everyone's like, oh, this is
such a great idea. Now we can all agree credit
cards are terrible. The thirty percent is absolutely outrageous. I mean,
this is something that nobody should ever use. But that's
(41:48):
a personal decision that you need to make.
Speaker 3 (41:52):
You should not be using a credit card for spending.
Speaker 7 (41:55):
Ever.
Speaker 3 (41:56):
You could use it.
Speaker 16 (41:57):
As a convenience to pay it off in full each month,
but you should not be paying any interest on credit
cards because you should be paying down that balance. But
that doesn't mean that we should have legislation and what
price controls do, even if they come in a soft
form like interest rate cabs, it means that fewer people
are going to have access to credit. It means they're
going to be higher fees for getting credit cards. It
(42:19):
means that people who are now paying thirty percent are
now going to pay seventy percent to Big Veto and
Little Veto. And if you don't like the terms of
thirty percent, you're really not going to like the terms the.
Speaker 3 (42:29):
Big Veto gives you. If you don't pay it back.
Speaker 16 (42:32):
So there are consequences to our actions, and we have
to stop cheering on bad economic ideas just because somebody
that you like proposes them.
Speaker 1 (42:45):
Thank you, Carol, Thank you for saying it so I
didn't have to get upset. Just please listen to Carol.
All right, Carol, thank you, man appreciate it. Please pay
off your credit cards every month. If you cannot, don't
use your credit cards. Thirty percent is terrible. It's criminal,
(43:08):
it's bad. I hate it. It's terrible. You know that
the credit card companies they go out of business without
stupid people paying them thirty percent in interest every month.
Don't pay interest for your credit card. If you can't
afford it, don't buy it. I know that sucks sometimes
(43:30):
because you want to do this and you want to
get that, and Chris, I get it. Don't pay thirty
percent in interest on anything ever, ever, for under any circumstances.
All right, we have light in the mood. I'm fine,
we have in the mood. Thanks. All right, it is
(43:58):
time to lighten the mood. And it was not that
long ago where the country was run by communists and
the chaplains in the military. Were you supposed to be
Muslim clerics and things like that. Now things are changing,
and wonderful things are happening.
Speaker 18 (44:14):
Right now, this is a field baptism. Guys, it's gonna
be cold. Hey, thank you. All right now, I'm gonna
give you a chance to speak after.
Speaker 11 (44:29):
Specialist Simon, by your professional faith of Jesus Chris, I know,
baptize you name the.
Speaker 6 (44:40):
Mother of the Sun, being buried in the likeness of
his death, the likeness of the resurrection.
Speaker 7 (44:56):
To new life and Christ.
Speaker 1 (45:00):
Silva and the angels rejoice. I'll see them all.
Speaker 8 (45:12):
Mm hmmmmmmmm