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August 7, 2025 45 mins

President Trump continues to make major announcements. Jesse Kelly dives into some of them, but not before having a tough conversation about the liberal white woman. After that, Jesse catches up with Miranda Devine, who just sat down one-on-one with Tulsi Gabbard. You'll also hear from Breitbart's John Carney on the future of the Federal Reserve. Plus, is Adam Schiff going to prison?

I'm Right with Jesse Kelly on The First TV | 8-6-25

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Episode Transcript

Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
We're going to talk why and how communists use women
as their most devout foot soldiers. We'll talk to Miranda Divine,
Donald Trump going after Evil Banks. It's going to be
a great night on I'm right. In any walk of life,

(00:26):
certainly in politics, but in any walk of life, any business,
any political party, sports team, you will find that it's
important to find your most loyal followers, to feed them,
listen to them, guide them, Find the people who will
lay down in traffic for you, and use their loyalty

(00:49):
to further whatever you're trying to further. If it's your business,
find the guy who's so happy to be there, grateful
for his job, loves working there, and that's the guy
that's going to be your guy. In politics works the
exact same way. Maybe you're confused about a few things
you see from the Democrat Party today. When they get

(01:09):
up and they say the crazy things they say, it's
almost as if they don't they don't care about you,
the normal person. They're not even trying to talk to you.
It's as if they're talking to a totally different species
than you. And that is because they are. Because the
Democrat Party's base, it used to be working people, poor

(01:33):
people that used to be kind of the base of
the Democrat Party. And when they would give speeches, when
they would run campaigns, they would campaign towards that they
campaign for that those were their loyal followers. Hey, the
poor people are going to turn out and vote for us,
a blue collar turn out and vote for us. And
so they spoke to those people. But that is that
day is passed. Now they are speaking to mentally ill women.

(01:59):
And history, mentally ill women have been the most loyal,
most vicious, most violent followers of communism in every single
country communism has been implemented. You know who was probably
more evil than Mao z Edung his wife, just unbelievably evil.
Story after story after story of communist countries where the

(02:22):
women oversaw the torture programs. The women were the first
ones to report people. But why, It's not because women
are stupid or bad or evil, It's none of those things.
Why and how and because that's what's happened today with
the Democrat Party. They only speak to those mentally ill women.
I'm gonna show you a few different videos. I'm going

(02:44):
to go pretty fast, and then we're going to discuss
the why and how because this is actually going to
matter to you and your life, no matter who you are. First,
let me introduce you to a history teacher who has
no problem with child sacrifice.

Speaker 2 (03:00):
Sacrifices were volunteers from the elite class because they believe
that the elites were closer to the gods and could
therefore appease them better. Also, in terms of sacrifice, they
were kind about it. Hear me out, because unlike the mishika,
when you're like ripping out a still beating heart out
of someone's chest, the inca would intentionally use coca leaves

(03:23):
and would use chicha and would drug up the sacrifice
and then leave them on a mountain, a cold chili mountain,
to be exposed to the elements, which, if you're good,
a volunteer sacrifice where you're heavily drived before you die. Also,
I mean, I can equate human sacrifice throughout history to

(03:46):
so many things, and I think the fact that a
lot of people are commenting, oh, but the sacrifice is
again indicative of the fact that you have received a
quite white education, because you are knowing them for the
bad things that they have done, and not all of
the wonders that they accomplished.

Speaker 3 (04:06):
So they killed a few kids.

Speaker 1 (04:08):
They left them on a mountaintop to freeze to death.
They were voluntary. Stop being so white. Okay, look at these.

Speaker 3 (04:16):
Women and on that revolutionary arise and want to comform
abortions at a church, you.

Speaker 4 (04:23):
Know, For it's all said that the only real difference
between marriage and prostitution is the price and the duration
of the contract. Addition to abolition of family policing, you
argue for abolition of the family in general and say
that the institution of the family acts as part of
the carceral system and the way that it reinforces the
children as property.

Speaker 5 (04:44):
I think the left is constantly surprised at how few
people are, you know, ready for revolts, despite you know,
the extremely dire conditions that we're in that keep becoming
more and more dire every day.

Speaker 6 (04:58):
Women and children are are the most harmed by capitalism,
but also women and children are.

Speaker 3 (05:03):
The architects on their shame.

Speaker 1 (05:07):
Okay, tell you what, one more, one more, then we're
gonna have a long talk. Cynthia Nixon, actress not ashamed
of her insane family, brags about all those training kids.

Speaker 7 (05:20):
I am here today as the mother of a proud
trans man. I am here today as the aunt of
a proud trans man. My best friend's kid is trans,

(05:41):
and my kid's best friend is trans.

Speaker 1 (05:47):
My wife and I our lives are.

Speaker 7 (05:49):
Filled with the most amazing, beautiful, brave trans people, young
and old, but especially young. And the idea, yeah, that
the city is filled with young people who thought they
had a place to go where they could receive the
highest care and that place has now been shut to

(06:12):
them sickens me, sickens me to my core.

Speaker 1 (06:21):
I know it's sick, it's evil, it's demonic, it is.
So let's talk, say you what pause on that for
a second. Why do militaries fill up with young men
all around the world throughout history? And I know women
have to be included in everything today, but historically, why
are young men so great in the military. It's not

(06:43):
purely physical, of course, that's a big part of it.
They're young, they're strong, I get that, but why Well,
the truth is, young men, before your brain fully develops,
when your body is basically pure testage her own, young
men are more willing to take risks, more willing to

(07:05):
do dangerous things. I'm forty four now. When I look
back at the things I've done in my life. I mean,
you name it, the craziest thing. I could have died
so many times. That never crossed my mind. Why I
was young. So militaries historically, they take the natural inclination
of a young man and I do not want to

(07:26):
say twist it, but they use it for their purposes. Hey,
you want to do some fun, dangerous stuff, put on
a uniform. We'll give you a gun. That's the exact
same way, the exact same reason. Communists use women. You see,
women have a wonderful, wonderful motherly nature. They're born with it.
It's how God made them a motherly nature about them.

(07:48):
Whether or not they have children, that doesn't matter. They
have a wonderful, caring, motherly nature. That's why they're better nurses.
That's why, honestly, they're better at the home. I won't
say better parents. Men have just as important a role.
But you know, my kids need breakfasts. My wife's gonna
think about that. I won't get yourself something. They just
have a wonderful motherly nature. Well, just like those young

(08:11):
men with militaries. Communists take that wonderful motherly nature and
they twist it. They use it for their purposes. And
this is how they do it. It happens to young women.
Young women will get twisted like this. Your daughter will
get twisted like this at college. If you are not
very careful. They will go off and they will take
the motherly nature, and instead of aiming that motherly nature

(08:34):
where it's supposed to be aimed towards children, caring for
a home, caring for children, they will instead take their enemies.
They will take their enemies. The communists will and they
will tell that woman that those are the enemies of
your children, and your children are whoever their allies happen

(08:58):
to be. You see, in the un United States of America,
here's how this works. You remember that first woman, the
history teacher who told you that you're learning white history.
American communists, American women have been taught their motherly nature
has been taught that they are to protect at any cost,
immigrants of any kind, any kind of minority, anybody who's

(09:20):
a non Christian, and all these people, criminals, flat out
violent criminals, rapists, murderers. Their wonderful motherly nature has been
manipulated and twisted to essentially be the mother of those groups.
And therefore anybody who's the enemy a perceived enemy of

(09:42):
those groups. Do you want border security? Do you want
criminals locked up? Do you want children taught about the
greatness of America? Well, she will fight you tooth and
nail because she is protecting her children. What do mothers
do with their children. They fight, they will lay down
the their lives, they'll kill for their children because they

(10:03):
have a wonderful motherly nature. That is why they are
the most committed communists in the history of the world.
Their motherly nature is manipulated to mother the communist allies
and oppose the communist enemies. And if you spend enough
time in that demonic world of make believe, you will

(10:24):
end up seventy four years old and completely insane.

Speaker 8 (10:30):
Yes, I just, I just, I'm just so scared. I'm
seventy four years old. I worry about everything, and I.

Speaker 7 (10:42):
Just, I just, I just I'm.

Speaker 8 (10:44):
So scary and upset. And I don't and I don't
understand why people didn't voted for this person.

Speaker 1 (11:00):
Four years old. I think about my grandma, Go drest
her soul, Grandma Helen. When I showed up at her house,
she was usually in her garden. She knew we were coming.
She was a terrible cook, by the way, but she
made the best apple sauce and bread in the world.
She'd have some homemade apple sauce bread for us. She quilted.

(11:22):
That seventy four year old woman has had her mind
and her soul broken and poisoned for seventy four years old.
Now what is she? And that's why, By the way,
I pointed out that there were some of the worst
torturers and educ executioners. That's why you routinely see America's

(11:43):
women communists, female communists acting like this.

Speaker 2 (11:51):
Oft to know how you can go.

Speaker 7 (11:52):
We can't answer the door right now, but if you'd
like to leave a message, you can do it now.

Speaker 3 (11:58):
Are you the one that walks by here and many people?

Speaker 1 (12:01):
No, I haven't wanted by.

Speaker 9 (12:02):
Recently, Okay, because a lot of people.

Speaker 3 (12:04):
Walk by on screen.

Speaker 10 (12:06):
Yeah, I'm not supposed.

Speaker 3 (12:07):
You are vorring for the devil, don't you know that?

Speaker 1 (12:11):
No? Why are you vorrying for him?

Speaker 4 (12:15):
Because I believe he is a moral candidate.

Speaker 7 (12:17):
Oh my god, thank you for that one.

Speaker 6 (12:20):
That's that's how your side acts, Oh my.

Speaker 10 (12:26):
Precious in your opinions, that's why.

Speaker 6 (12:31):
Yeah, that's I'm sorry.

Speaker 7 (12:32):
Have a nice day.

Speaker 11 (12:34):
Have a nice day.

Speaker 10 (12:35):
God, but.

Speaker 3 (12:38):
God bless you.

Speaker 1 (12:44):
How could a woman act like that? She's protecting her babies,
That's what they do. Be very very careful, gentlemen, Be
very careful who you marry parents. Be very very careful
with that girl you've raised for eighteen years, because you
send her off to a communist training camp. They might

(13:07):
just take that wonderful nature you've put in her and
turn her into a demon. She'll chop all her hair off,
drive home with Subaru and tell you how evil you
are for your white privilege. All that may have made
you uncomfortable, but I am right. Miranda Devine sat down
with Tulsa Gabbard. I'm so impressed with Tulsa Gabbard. Haven't

(13:28):
historically been a big fan. I haven't hated her, but
it's not a big fan. But I've been so impressed.
I want to get I want to get Miranda Devine's
measure of her. Before I do that, I want to
get your measure of the your olive oil? How is it?
How much time do you spend thinking about your olive oil?
Not enough olive oil we buy in the grocery store
is old and crappy. We don't know this because it's

(13:51):
all we've ever known. That's all I've ever had is
grocery store olive oil. Go look at the date. Go
go grab that bottle of olive oil you have in
your house and go look at the date. It's old.
Get a fresh bottle, and your dinner comes alive farm
Fresh two four six dot com. They'll send you a

(14:13):
thirty nine dollars bottle for free because they're ridiculously confident
and they're olive oil. A fresh bottle of olive oil
with actual flavor. Farm Fresh two four six dot com.
We'll be back.

Speaker 10 (14:48):
If they get away with it with Russia, the Russia hoax.
You know what's ever going to stop it?

Speaker 6 (14:55):
Accountability? And does accountability has to take place?

Speaker 7 (14:59):
Is that jail.

Speaker 6 (14:59):
We've I referred all of the documents we have found.
We will continue to refer them to the Department of
Justice for a criminal referral.

Speaker 1 (15:09):
Miranda Devine continues to get all the heavy hitters for
her podcast on pod Force one. It's amazing. Anyway, you
already know Miranda Devine, She's always welcome on this show. Miranda,
you had a chance to sit down with Tulsi Gabrett.
And you understand what a mean cynic I am about
all these people. But I've been so impressed by Tulsi Gabbertt.

Speaker 10 (15:27):
Were you impressed totally? She is the real deal, And
I think there's something special about her because she was
sort of blooded in the Democratic Party machine. Remember she
was actually the vice president of the DNC at one point,
and she was targeted for destruction by Hillary Clinton. So

(15:51):
if anybody knows the wicked ways of Clinton, Obama and
the rest of these Democrat wrongdoers, it's Tulsy Gabbert. And
since she herself was the victim, like Donald Trump, of
their dirty tricks, she kind of knows where the bodies
are buried and how they work to try and obstruct

(16:12):
any transparency. And she's pretty determined. I think that accountability
will fall on these people.

Speaker 11 (16:21):
Marita.

Speaker 1 (16:22):
Do you get the sense that she carries that chip
around on her shoulder? Not that I'm complaining, frankly, I
hope she does, but you get the sense that that's
a motivating factor for her. When you're put on a
domestic terrorist watch list, that tends to get people upset.

Speaker 10 (16:38):
Yeah, I mean, I wouldn't really characterize it as a
chip on her shoulder, because I think it's less personal
than you know about her concern for the fact that,
you know, really democracy was subverted, the people's will in
the twenty sixteen election when they voted for Donald Trump,

(16:58):
was subverted by these saw loser Democrats, by Hillary Clinton,
by Barack Obama and his ego wanting to solve his
ego because he was so conclusively repudiated by the election
of Donald Trump, who was really the opposite of Obama,
the anti Obama. And so I think that's more what

(17:23):
motivates her, and I think she's particularly sort of exercised
about it because she went to war. She's a lieutenant
colonel in the National Reserve. She went to war as
a medic. She was in Iraq. She saw several of
her compatriots killed and maimed in a war that's predicate

(17:46):
was false information and false intelligence, fake intelligence, manufactured intelligence.
And that's exactly what's happened in this case by some
of the same characters. I mean, she points out in
the interview that she Clapper, her predecessor as DNI under Obama,

(18:07):
you know, had boasted freely about the fact that he
was behind some of that intelligence that led us into
the Iraq War in the first place. That turned out
not to be true about you know, WMDs. So those
same deep status intelligence people, national security people who have

(18:27):
their own hidden malevolent agenders, have been in charge for
a very long time, and she's seen firsthand the consequences,
and I think therefore she wants to root it out.

Speaker 1 (18:40):
What did she tell you about the Russia hoak stuff.

Speaker 10 (18:45):
Well, that you know it comes from Obama and Hillary
Clinton are at the top of the tree, that this
intelligence was manufactured, and that it was done to delegitimized
Donald Trump's twenty sixteen victory and to sabotage his presidency.

(19:09):
I mean, she calls it a year's long coup, and
in fact that is exactly what it was. It really
crippled his presidency, crippled his ability to get people to
work for him, get the people who did work for
him to trust him. You know, always in the back
of their minds, particularly the more sort of institutionalists minded

(19:31):
people that were his appointees and his administration, in the
back of their mind was always this, you know, question
about really was Donald Trump an agent of Russia? And
the other thing is that you know that that hobbled
his ability to normalize relations with Russia. She talks about this,

(19:53):
which is something that would have been beneficial for America
and the world, because really China was our most potent adversary,
Russia's you know, small, kind of inconsequential country, and if
and this was something that I mean, the Obama administration
was trying. Multiple administrations thought that would be a good idea.

(20:16):
But Donald Trump, I guess, you know, had to kind
of prove his own innocence by not going easy. In fact,
I think he went bent over backwards to be seen
to be not friendly to Russia in his first term,
which was not what he had planned to do. And
as a result, I think any opportunity to kind of

(20:37):
bring Russia into the sort of civilized orbit of countries
just you know, that just fell by the wayside. And
the result is what you see now is this tragedy
unfolding in Ukraine.

Speaker 1 (20:54):
Why do you think they're so worried about US normalizing
relations with Russia? And every time I dig into this
with people who know things, it always comes back to
they were worried about US closing up to Russia, worried
about US closing up to Russia. What is with this
never ending livered eye commitment to fighting with Russia until

(21:15):
the end of the age. What is it?

Speaker 10 (21:17):
Look, I think there are multiple reasons. One may be that,
you know, if you stop Russia from being the big,
you know, the demon, then you focusing more on China,
which is much more of a threat. And a lot
of people in this country with a lot of power

(21:40):
made making and have made a lot of money out
of China. And you know, China has completely cannibalized American
manufacturing now holding us over a barrel on you know,
rare earth minerals and so on, and so I think
that the short side I did reason was, you know,

(22:03):
Joe Biden was one of those who really encouraged America
to allow China into the World Trade Organization in two
thousand and two thousand and one, and so that that
sort of project that has enriched so many people, I
think would have been stymied if Russia was no longer

(22:24):
perceived as any sort of a problem and we focused
our attention on China. And then of course it's you
know the old cliche about the military industrial complex, and
it's good for business to have Russia be the enemy,
and you know all these countries nearby and NATO have
to arm up to defend against it.

Speaker 1 (22:49):
What an ugly tangled web, Miranda, keep exposing it. I
appreciate you as always. Thank you. All right, we have
so much more to talk about D banking. What have
you heard about that? What do you know about that? Well,
let's talk about some punishment in the D banking industry
before we talk about that. You're really going to be

(23:12):
motivated to put your money where your morals are after
we're done talking about it. Why do you do that
right now, really quickly. Corporate America did not sit on
the sidelines when the Communists were attacking you in me.
Corporate America got off the sidelines, got in the fight
against us. They did. And it wasn't just one company

(23:33):
or two. The large corporations in this country hate us.
Riz in At and T and T Mobile have used
your money and used their efforts against us, against you,
against me, against our culture. How do we punish them
for that? Punishment is important? It's very important. Switch to
pure talk. Pure talk never did that. Pure talk never

(23:54):
would Pure talks. CEO walked the jungles of Vietnam for
this country. Pure talks so patriotic. They hire Americans right
here at home. You'll save a fortune. You keep your phone,
keep your number, or get a new one. They have
that too, Switch peer talk dot com, slash Jesse TV.
We'll be bad. Fear and pain. We discussed this a

(24:26):
lot when it comes to communists, so let's rehash it
for those who may have just joined US. Communists are
not political. The liberal and Peggy in your life, the Democrat,
you know, they're not political. You are political. They are religious.
They are devoutly religious and religious fanatics like that, like
Islamic Jihatis. That's how you need to think about democrats.

(24:49):
They only will respond to fear and pain. When you
think about that Jihati with a nail bomb in his
backpacketting ready to walk into his school and blow it
himself up, think about how you would stop him, Going
to stop him in the parking lot and reason with him,
going to explain to him why it's bad, why he's
a hypocrite, why none of those things would make it DMPD.

(25:11):
He's a religious fanatic. The only thing that works is
fear pain. Communists work the same way. Whenever Communists take
power at any level, any amount of power, doesn't matter
whether they have a little might be the public library here,
let's get some gay books. It might be President of
the United States and everything in between. When they have power,

(25:35):
they will use that power against the enemies of their religion.
The only way to get them to stop doing that
is to hurt them. I wish there was another way.
There's no other way to deal with these people. Let's
talk about one way they use their political power. Banking
de banking. The Biden administration, you know, the federal government

(25:58):
has been sadly intertwined with the big banking, big finance
industry in this country, and the Biden administration started essentially
guiding these banks to look out for terms like MAGA
or Trump taking away people's bank bank accounts. This has
happened multiple times to people in the United States of America,

(26:20):
people on the right, gun people and others. They'll get
a call from their bank, Hey, we're closing your account.
You're not allowed to have a bank account. And keep
in mind, again, the communist doesn't think he's doing anything wrong.
He has power. He has power over the banking industry,
so he should be allowed of course to use that
power against his enemies. You just saw New York Times

(26:41):
ran an article on there saying, well, you don't have
a right to a bank account. The communist will take
a bank, the communists will force or coerce that bank
to take away your bank account, and the communist will
think he didn't do a thing wrong. Of course, I
should be able to use my power to smash you.
You're an enemy of my religion. So how do we

(27:03):
get them to stop? Well, we have to punish them.
We have to not just call these things out. Jim
Jordan's actually the reason we know a lot of this stuff.
We can't just call these things out. We have to
punish the people who did these things. Let's focus on
the Biden administration. During the Biden administration, we had four

(27:25):
years of unchecked communist power in this country. Joe Biden,
as we know now, was a useless cadaver that wasn't
in charge of anything. So we sat in the corner
sucking on his thumb. And the animals in his administration,
complete MAOIs, the Anita Dunns of the world, the Lisa Monicos,
all these types. They ran the United States of America

(27:49):
in a way, an unchecked communist will run the United
States of America. So Democrats will come back to power
one day. I hope not, but you and I both
know that's going to happen. Let's not be naive here.
Maybe it's twenty twenty eight. I don't know, Maybe it's
twenty thirty two. They're coming back the next time they

(28:09):
tank power. Why wouldn't they do it again? Well, there's
only one thing they understand. What is it? Well, two things,
what is it? Fear and pain. They'll do everything they
did before and worse if we don't hurt them. Right now,
Donald Trump's talking about the banking.

Speaker 9 (28:32):
By the way, speaking of you, and you've done a
fantastic job. But I hope you start opening your bank
to conservatives because many conservatives complain that the banks are
not allowing them to do business within the bank, and
that included a place called Bank of America. This conservative
They don't take conservative business. And I don't know if
the regulators mandated that because of Biden or what. But

(28:54):
you and Jamie and everybody, I hope you're going to
open your banks to conservatives because what you're doing is wrong.

Speaker 1 (29:03):
They debanked him.

Speaker 11 (29:08):
I had JP Morgan Chase. I had hundreds of millions
of dollars in cash. I could see if they want to,
you know, if they want to do something bad because
you don't have any money and you're defaulted, and they
took people out. But I'll give you me as an example.
I had hundreds of millions. I had many, many accounts
loaded up with cash. I was loaded up with cash

(29:30):
and they told me, I'm sorry, sir, we can't have you.
You have twenty days to get out. I said, you
got to be kidding. I've been with you for thirty
five forty years. The bank's discriminated against me very badly.
I believe that Biden or Kamala and I don't think
they're smart enough to do it. But the people that
are surrounding the beautiful resolute desk, you know, the high IQ,

(29:53):
people that are radical left. I believe they told the
Banking Commission, the bankers, that the banking regulators do everything
you can to destroy Trump. And that's what they did.
And guess what, I'm president. How did that happen?

Speaker 1 (30:12):
Milania Trump wrote in her book that her son, their
son Baron, got denied a bank account after Trump left
the White House banks have to be punished for that,
punished publicly. I'm glad there's an executive order, but we
have to punish the communist demons who took part in
these things because otherwise they will do it again. Fear

(30:36):
and pain. That's all the communists understands. Let's talk about Chock.
Let's talk about something good, something positive. You know what's positive.
You're testosterone. After you start taking some natural herbal supplements
from Chalk, that's what's positive. And I'm positive that you're
going to be in a better mood, full of energy.

(30:58):
How great it feels to be full of energy. Now,
believe me, I was doing the same thing you're doing,
pouring an extra pot of coffee or three at two
in the afternoon because you just I'm just trying to
get through the day. I don't have that anymore. If
I drink coffee in the afternoon, it's just because I
want to. I feel good and I want you to
feel good. Chalk is here. You know, when you get

(31:20):
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Speaker 9 (31:45):
So, you know, one of the questions asked to me
this morning is you're gonna make a dividend to the people.
And the purpose of what I'm doing is primarily to
pay down debt, which will happen in very large quantity,
but I think there's also a possibility that we're taking
in so much money that we may very well make
a dividend to the people of America.

Speaker 1 (32:05):
Okay, we're thirty seven trullion in debt. If there's a
plan to pay that off that's realistic, you can sign
me up for it. Joining me now. John Carney, Breitbart
News Finance and Economics editor. Okay, John, walk me through this,
because you know I need all the help you can
possibly offer. We're taking in money, we're going to use

(32:27):
it to pay down the national debt. Do I have
that right?

Speaker 3 (32:31):
Yes, we're taking in a lot more in tariffs than
anybody thought, and none of that money was budgeted for.
So when the CBO does the projections about where the
deficit's going to be in five years, ten years from now,
none of that had terrif revenue built in, So we're
actually bringing in hundreds of billions of extra dollars. It

(32:55):
would make a lot of sense to use that to
reduce the deficit or to cut taxes. Doing a like
a one time dividend check really doesn't get you very much.
I understand, you know, people like getting checks, but it's
it doesn't have a lot of economic oomph. Really, you'd
be better off using it to reduce capital gains taxes,

(33:17):
reduce income taxes, reduce corporate taxes, or as the President said,
you know, we just got a big tax cut. We
just passed the big, one beautiful bill, right, I guess
it's the one big beautiful law. Now we don't you know,
maybe just use it to bring down the deficit.

Speaker 1 (33:37):
Okay, So can you walk me through how that works?

Speaker 11 (33:40):
John?

Speaker 1 (33:40):
Can they just do what do we need Congress to
do this? Can Donald Trump just say, hey, send it
to the deficit. This is Look, I've never taken in
a surplus before. I don't even know how to deal
with this world. How does this work?

Speaker 3 (33:53):
No, so it actually will automatically go to reduce the deficit.
Because Congress they didn't budget, you know, wasn't planning on
spending this money. So extra revenue just means that the
government doesn't have to borrow as much. So it all
so if they do nothing at all, then this extra
revenue will reduce the deficit.

Speaker 11 (34:15):
Uh.

Speaker 3 (34:16):
And so that's one of the reasons I'm actually pretty
hopeful we don't need Congress to pass a law. In fact,
if they pass the law, they'll probably mess it up
and do something, you know, decide to spend the money.
If you tell Congress, you know, I get every time
Donald Trump says, oh, we're taking in all this revenue,
I get worried because if you tell Congress it has
more money, it's going to figure out a way to

(34:37):
spend that money. And so I'd much rather have them,
you know, like maybe like just don't tell them at all,
you know, let them find out at the end of
the year when it turns out that the deficit is
much lower than they thought it would be because we
took in all this revenue.

Speaker 1 (34:52):
Okay, let's talk about the overall tear off situation. In fact,
let's focus first on India. He's been slapping around the
Indians for a couple of days. Now he's mad they're
buying Russian oil. Should I as an American consumer be
concerned that we were slapping a big tariff on them,
or what am I going to see?

Speaker 11 (35:12):
What?

Speaker 1 (35:13):
What? What in my life's going to go up besides
the curry.

Speaker 3 (35:16):
So the curry isn't important, you will You're not going
to see a lot go up. What we import from
India is a lot of stuff that then gets processed
into other things, pharmaceuticals, ingredients that go into medicines. I
don't think that consumers are going to see a big difference.

(35:39):
And frankly, I don't think these tariffs will stick at
the level that, you know, at the fifty percent level
that Donald Trump is proposing, because this is going to
cause an earthquake inside of India. It's like the Liberation
Day tariffs. Remember Donald Trump proposed you know, these very
high tariff levels and then they came down because countries

(36:01):
wanted to cut deals. I think India is going to
look at it and say, well, yeah, we like buying
oil from Russia, but it's far more important to our
economy to be able to sell things at you know,
a reasonable tariff level. To the US. The fifty percent
level is basically, you know, comes close to being an
embargo on buying things from India. They are going to

(36:24):
come to heal pretty quickly, especially because look, the entire
world practically except for China and Iran maybe North Korea
really doesn't think that they should be buying oil from Russia,
which supports the war in Ukraine anyway, so it's not
a very popular thing for them to be doing. I

(36:45):
think they're going to cut a deal pretty quickly, again,
just because we are more important to their economy than
Russian oil.

Speaker 1 (36:55):
Why are they buying oil from Russia? Is that just
come down to a simple proxy thing, John, because they're
right there, because I mean, there are lots of places
that sell oil. There's oil everywhere, now.

Speaker 3 (37:07):
Sure, but Russia has a problem in that it produces
a lot of oil and there aren't very many places
that will buy it from them, so you can buy
it cheap. India then refines that oil and sends it
on to other people. So it's actually making money by
taking in Russian oil, not just using it, you know,

(37:28):
for themselves, but actually then selling refined oil around the world.
So they are, in a way, you know, acting as
like a middleman for Russian oil to the rest of
the world. That's what Donald Trump really wants to stop.
It's you know, they make money off it, they get
the margins from it. But they're I'm you know, I

(37:49):
would be very surprised if they decided no, no, we'd
rather anger Donald Trump. We would rather a you know,
get our locked out of the US market then give
up this source of revenue, which really only exists because
the war is going on and the rest of the

(38:10):
world has sanctions on Russian oil. They're taking advantage of
a situation that they should.

Speaker 1 (38:14):
Not be, John, can you explain I understand your economics, guy,
So what are the economics or what is the political situation?
You mentioned? It would cause an earthquake inside of India?
Is this an unstable country? Are they relatively stable? India
is very much an enigma to most people. People don't

(38:35):
understand it.

Speaker 11 (38:36):
Right.

Speaker 3 (38:37):
So India has a you know, a relatively stable political situation,
especially for a country that has the incredible size and diversity.
It actually holds together pretty well. But if the Indian
economy is subject to a fifty percent tariff on things
they sell to the US, the economy will crumble and

(38:59):
that will bring down the government. It could create you know,
even worse instability, which I don't think we want. I
don't think Donald Trump would like to see India, you know,
split apart because of the economic tensions. But I think
it could bring down the government in India very quickly
if you had, you know, if the economy shuts down,
which it will do if they have this fifty percent

(39:22):
tariff for very long.

Speaker 1 (39:24):
Okay, let's talk then about the big bad boy in
the room, China. China by is oil from Russia. Donald
Trump is slapping around the poor Indians. But the Chinese
are guilty, or more guilty than anyone else, of propping
up Russia in their war. So what do we do
about that? What can we do about that? Because they
still have so many things we need.

Speaker 3 (39:46):
Yeah, we're in a much tougher position when it comes
to China. I think one of the things we're doing
with India is actually trying to say to India like, look, guys,
you've been sort of non aligned for a long time,
and it's time to choose side. Like sign up with
the good guys. Right, we're the good guys, Come sign
up with us. China can't sign up with the good

(40:06):
guys because they're they're they're they're the you know, they're
not part of the Justice League. They're the Hall of
Doom or whatever they called it back in the you
know cartoons we used to watch when we were kids.
They are the Hall of Doom. They're eventually, you know,
China should try to China's not going to move away
from doing as much economic deals that they as they

(40:30):
do with Russia. They're just not going to. So there's
not probably not a lot we can do in that score.
I think we're going to find out over the next
year and a half that China's actually pretty intractable. They're
not going they They'll keep conversations going, they'll keep talks going.
The Trump administration has been extending those talks, but I

(40:53):
think eventually they're going to realize that it's not going
to work there. We're going to have to begin to
figure out how we disentangle our economy from theirs. We
can't do it instantly because for twenty five years we
kept in, you know, kept in mashing our economy with ours.
We shipped our manufacturing over to China. It's going to

(41:14):
take some time to disentangle that. But and look, the
Trump administration will say no, no, we don't want to decouple.
That's not what we're trying to do. We're just trying
to get China to change its ways. They're not going
to change their ways, and we're going to eventually have
to decouple.

Speaker 1 (41:29):
John, what does it mean that Apple's investing six hundred
billion into America? This is good, I assume bad a
little in between.

Speaker 3 (41:39):
It's good. Apple really should get out of China, I
don't you know. Maybe they stay in China to manufacture
for the Chinese market, but they really need to begin
to onshore manufacturing of iPhones into the United States or
at least into a cut, you know, into Mexico, into

(42:04):
a you know, into somewhere in Latin America. Would be
much better off for Apple. It would be better off
for Latin America. It would be better off for the
United States doing it in China. Yes, people will tell you, well, look,
China has all these experts in making iPhones. But that
didn't happen overnight, it, you know it. It's not like

(42:26):
the Chinese are born knowing how to make iPhones better
than the rest of the world. Apple train these people
how to make iPhones. They can do it again in
another country again, that won't happen instantly. So one of
the things that the Gapple is doing with these is
trying to set up the expertise they need to make
more of their products here in the United States. That's good.

(42:50):
That needs to happen. They should become less dependent on China,
just for pure business reasons, because, as I said, I
don't think that it is that China is a liable
provider of the iPhone. If I were Tim Cook, I
would say, Okay, what are the odds twenty years from now,
you know, over the next twenty years that the US

(43:11):
has a major conflict with China. I think they're pretty hot.
And so if your entire business depends on, you know,
stuff coming from China, your business is at risk. So,
just as a straight out business case, they need to
extricate themselves from China, decouple Apple from China.

Speaker 1 (43:31):
John, thank you, my brother. As always, it's time for
lightening the mood. Next, it's time to lighten the mood.
And this is kind of an unorthodox light in the mood.

(43:51):
Normally we like a feel good story or even better,
someone hurting themselves. What's funnier than that? But Adam Shift
you of course remember Adam Schiff. What does Trump call
him pencil neck? I think it is because he kind
of looks like lollipop, got this big old head and
this little pencil neck. Way either way, Adam Schiff now
United States Senator. Adam Schiff has been lying to the

(44:14):
American people for a very long time about everything under
the sun. One of the and I actually I am partisan,
but I'm not saying this is a partisan. One of
the truly scummy people in politics, both personally and professionally.
Just a sline ball. You know when you look at that,
when you look at him, you hear him talk. You know,
probably a bad guy. You wouldn't want to be his neighbor.

(44:36):
I'll put it that way. Well, Adam Schiff is in
some legal trouble. He has been officially referred for a
criminal investigation. Why Adam Schiff lied on mortgage documents. I
know that sounds small. It's not near enough all the

(44:57):
evil things he's done. He should go away for life.
I know, I know, we talked about this a little
bit earlier in the show. I understand the punishment should
be more severe, but that is a big deal. It
is a crime not telling you Adam schiff's going to prison.
But government people being held to account at any level
is not something I'm used to, So if we're going

(45:19):
to get a little something, I'll take it. Lightens my mood.
I'll see them all
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Jesse Kelly

Jesse Kelly

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