The Silent Erosion of American Power with Mike Harris - Sarah Westall

Mike Harris — intelligence analyst and former Financial Editor of Veterans Today — rejoins the program to break down the escalating instability inside the global financial system. He explains the competing power centers now battling for control as the world moves into a major economic transition. Harris lays out how these geopolitical struggles intersect with shifting monetary structures and why they point to a historic realignment already underway.

You can find his work at https://TheIntelDrop.org

Article mentioned in this show:

China was playing chess while the rest of us were playing checkers’: Bombshell study finds $200 billion of secret loans to U.S. businesses over 25 years: https://fortune.com/2025/11/18/secret-china-loans-to-us-business-200-billion-over-25-years-shell-companies/

See exclusives and more at https://SarahWestall.Substack.com

Episode Transcript

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Speaker 7 (01:30):
The World States have got three major players here. They've
got the back of the international settlements that I mentioned,
the i AM of International Monetary Fund and the Federal Reserve,
and so the US because we have reserve global reserve
currency status, most international trade and commodities and debts are
dollar denominated, and though that way, any decision the Federal

(01:51):
Reserve makes has a global influence on it. Now this
is being changed by the bricks countries coming alive. If
you follow that, more boar countries are joining and they've
decided to take transactions to not be dollar. Do you
know Russia is accepting Indian groupees for oil.

Speaker 8 (02:11):
Welcome to Business game Changers. I'm Sarah Westall. I have
Mike Harris returning to the program for our Friday Night
Economic Review. He is the former financial editor of Veterans Today,
but he's also a business executive and a financial expert
who is in high demand around the world. He goes
on media all over the world. You don't see him
as much in this country, but the rest of the

(02:33):
world he's on all their major not all, but a
lot of the major media outlets. And he's going to
come on and talk about the different power struggles we
have that are putting pressure on the United States. He's
also going to talk more about the role of central bankers.
And then he has an interesting story at the beginning
about how he was working at Montorola, which was the

(02:54):
largest semiconductor business in the world at that time. They're
no longer doing it at that time at the end
of the late nineties, they were, and his experience selling
a division of that company and how he had an
offer for one point six billion dollars and the company
ultimately took an offer from a Chinese company for one

(03:16):
point three billion dollars three hundred million dollars.

Speaker 2 (03:20):
Less, which makes no sense.

Speaker 8 (03:22):
And he's going to explain how the Chinese were able
to take over that board and essentially acquire tech and
how they do it, how they are taking over They
have hundreds of year they think in hundreds of year terms,
and they plan things out. In this country, we are
nowhere near that. I mean, we're operating without an intelligence

(03:42):
network when it comes to protecting what we are. And
so we talk about that and what our true pressures
are are, and we get into an interesting topic on
nine to eleven and what three He says, there's only
three powerful groups in the world that had the kind
of power to do what they did on nine to
eleven and get away.

Speaker 2 (04:02):
With it, because everybody gets.

Speaker 8 (04:04):
Away with crime, right, So who are the powerful people
who actually had that kind of power And he's going
to talk about that as well. And then we also
of course bring up the gold and silver and why
it is going to be more increasingly more important that
you safeguard your assets with gold and silver, and people
who watch this show and know that I use Myles

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(04:46):
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Speaker 2 (05:00):
And good service. And that's Miles Franklin. So go to
Sarah westl dot com slash Miles Franklin.

Speaker 8 (05:05):
Okay, Also I have I just did a peptide webinar
with doctor Diane Kaser. You can see the replay of
that either on my substack or at Sarah Westall dot com.

Speaker 2 (05:16):
Go and find that replay in case you missed it.

Speaker 8 (05:20):
I've only done this is my second webinar with her,
but they've been so popular, these webinars that I've been
doing on these cutting edge topics. So if you get
a chance, go watch that. It's at Sarah westl dot
com and you'll find it there, or go to my
substack at Sarah.

Speaker 2 (05:36):
Wessel dot substack dot com.

Speaker 8 (05:38):
Okay, let's get into this really good discussion with Mike Harris. Hi, Mike,
welcome back to the program.

Speaker 7 (05:47):
Hi Sarah, and thank you for having me again. I'm
just honored to be here. Thank you.

Speaker 8 (05:52):
Well, I wanted we didn't get the chance to talk
about some of the topics that I thought was really
important that I wanted to bring you on, and we
got sidetracks. But the top we talked about was important,
and it was actually like, Okay, this is interesting, but
I wanted to talk about central banks and how they are.
They're the control they're the power structure of the global

(06:13):
financial system, right and they're hidden for the most part
to the average person.

Speaker 2 (06:19):
And I want people to understand what these powerful structures are.

Speaker 8 (06:25):
You know what the control that they have before we
get into this, and I know you've talked about your
background multiple times on my show, but can you talk
a little bit about your financial background and your some
of your experience with central banks and understanding how they
function so that people get an idea of and even
if it's just research, you know what what because you
are you're the financial editor the Veterans today and you've

(06:48):
done a lot well.

Speaker 7 (06:50):
I was a financial editor of Veterans Today. I have
an NBA in finance from Pepperdine University. And you know,
I'm just a guy who somehow got involved in first
with private equity. That that was my inroad there because
I was trying to buy a Motorola division, one of
their semiconductor actually their semiconductor component group. I tendered a

(07:12):
one point six big a dollar offer for it back
in nineteen ninety eight and was beat out by a
company called Texas Specific Group, which paid offered three hundred
million dollars less than what I had offered. And so
I was really puzzled by that, and so did a
lot of research and things and covered things and you
look at the connections, and you know, it's it's a

(07:34):
it's a long, difficult story. But essentially the motor well,
I should even go into this, but no, I want
to know.

Speaker 8 (07:41):
Why would they have taken three hundred million dollars less
one point six compared to one point three is.

Speaker 7 (07:46):
Pretty smy, that's that's a adult money. They justified it
because it was less than five percent of the company's
total revenue, so it was not considered material to report,
but they took it. Well, no, considering Motorola was doing
thirty five bigg.

Speaker 8 (08:04):
Twenty percent of the revenue for that specific purchase, I
understand the overall revenue, but yes.

Speaker 7 (08:10):
The Motorola as a corporation was doing for thirty five
big in a year at that time, so it was
less than five percent of that. So it just squeaked
under the edge, so they didn't have to report it
and justify it, but there.

Speaker 2 (08:24):
Was which was significant.

Speaker 7 (08:27):
Yeah. Well, the thing of it is is the Chinese
wanted the Motorola assets. They wanted them, and so they
they laid out a plan to where they had American
citizens who were Chinese. They funded them to make investments
in various private equity funds, and they, you know, then
influence with private equity funds to say Bimotorola shares to

(08:49):
where they could position themselves to take control of the
board away from the founding family. But that's a whole
nother story. That's not why we're here. We're here to
talk about what central banks do.

Speaker 2 (09:02):
Your really, I hope you bring a whole on a second.

Speaker 8 (09:06):
You bring up this really interesting story, and because that's
really important, and then we get sidetracked, But you've got.

Speaker 2 (09:12):
To finish this.

Speaker 8 (09:13):
How they they essentially satisfaged the deal and caused the
company to make a decision that actually wasn't the best
decision for them, but it allowed the Chinese to get
control of it at the least amount they could buy
it for. No reasonable business person would have selected that.

(09:35):
The reason they did is because they've got controlling interests
of the board, is what you're telling me.

Speaker 7 (09:41):
Yeah. I gained that information from one of the Galvin
family members who I met with, you know, fifteen twenty
years after that, and he and I had a sidebar
conversation that Motorola was eighty eight years into a one
hundred year plan. They were on track to make the
plan and essentially they lost control of of the board.

(10:01):
And so this group, Texas specific group, their biggest funders
were Chinese and so you look at where the money
goes and how it flows, and that's who who controlled it.
There was an article, I think it was yesterday out
about this about how China has been playing chess everyone
else has been playing checkers, as far as how they

(10:21):
invest in private equity companies in order to acquire American
technology by buying it not through a Chinese company but
through an American private equity firm, and then they you know,
have access to the technology. They have controlled the board,
they have controlled everything with it. And let me let
me see that you find this here might.

Speaker 8 (10:40):
Be well, that's excellent if I can have that link
below in the shown and so people can read it.
But essentially they're they're out strategizing us because we're not
even strategizing.

Speaker 2 (10:50):
We're not doing.

Speaker 8 (10:51):
Anything, it seems, I mean, for the most part, we
took a little break here because you had a little
technical difficulties.

Speaker 2 (10:56):
But we're back and I'll have the link. Although you
said it's some Fortune, it's it's.

Speaker 7 (11:03):
A Fortune magazine link in Really it's about how China
has been investing in private equity firms and using private
equity firms as their vehicles to acquire American technology companies.
And they've got over two hundred billion that they've invested
in this, and they've bought up a lot of American technology.
And once you have the technology, it's over there in China.

(11:24):
Once you control the company, you can decide what agreements
they sign, where it goes, where they manufacture everything else
with it. So China has been busy doing this and
this has really been a national security failure of the
part of the United States. Our national security apparatus isn't
monitoring these things very carefully. And if it's too much
for them, then they ought to get out of the
way and put somebody in there who's capable of doing this. Well, well,

(11:48):
it's true, I mean, we've had so many strategic failures,
the fact that we have to struggle with a semiconductric
with aastic semiconductor that doesn't exist, industry that doesn't exist
in this country anymore. I mean, nineteen ninety eight, Motorola
was the largest manufacturer of semiconductors in the world, both

(12:10):
in dollar volume and in unit volume. They were the
big dog. They were the ones producing the most, and
now it's gone. They're not a business. Motorola doesn't exist
in the semiconductor business anymore. And in nineteen ninety eight
they were number one. The deal I sent you, in fact,
I sent you a link from the Wall Street Journal
of the article that was put up but I made

(12:30):
when I tendered that offer to buy that division. But
China won that one, using American private equity firms to
make the acquisitions for them. That's how it works.

Speaker 8 (12:40):
Okay, Well, let me ask you right now, there's a
big media push narrative that the Muslims are taken over
Islam in the Middle East and it's swaying away.

Speaker 2 (12:50):
From the China, which you're just talking about.

Speaker 8 (12:53):
It's also going away from the central bankers. It's going
away from any influence is rule has.

Speaker 2 (13:00):
It seems like.

Speaker 8 (13:02):
They're trying to deflect blame to other people, even though
they probably Islam and Muslims and some of the stuff
is I mean, there's a lot of pressure on us
from all different directions, but it's as if they're putting
all the blame in the media towards that group.

Speaker 2 (13:20):
What is the deal with that, because it just seems.

Speaker 7 (13:24):
Well, you know, they're one thing that the Israelis, the
Jews are really good at is committing crimes and getting
another Patsy to stand in their place to take the punishment.
They're very good at that. You go back to JFK,
you go back to nine to eleven, you go back
to Obviously, they're really good at naming patsy's. That's one

(13:46):
of the things they do. Now, the Muslims have come
out and declared that they want Islam to rule the world.
They want a global caliphate. So they're going out and
doing their missionary work in order to persuade everybody else
to become a Muslim. And you know, they are indeed
a threat if you want to be a free thinking,
sovereign individual or sovereign nation, you want to practice your

(14:08):
own choice of religion and not the one size fits
all Islam. But they are threats, so don't mistake it.
They are. However, we have other threats. I mean, China
is a threat in other ways. China is looking for
economic domination over the world. They're looking for technological domination
over the world. They want to be the big dog.

(14:28):
And we have had that place for a long time
since the nineteen sixties, and we have not been very
good at protecting our strategic interests. Let's just say and
so we have the Israeli Jewish interest here where you know,
look at all these congressmen who are you know, let's
just say clients of APEC. Let's just say that APAC

(14:51):
gives them money for their campaigns, and if they take
it anti Israeli position, they fund their competitor and they
get them elected out because like it or not, in
the United States, ninety six percent of the time, the
candidate with the most money wins, which is why these
guys are so vulnerable to campaign donations and doing what
they're told by the lobbyist and the various lobbies. Let's

(15:14):
just say that, so we've got a flawed system, you know,
I mean, you know, Reagan was on the right track
whenever he outlawed lobbying for about six weeks and Gucci
Golts dried up. And I don't know if everyone remembers
that or not, but that was one of his big breakthroughs.
But now since citizens United, a Supreme Court decision was passed.

(15:37):
Now every company has, every corporation has the same rights
as a citizen to be able to give as much
money as they wish to protect their freedom of speech.
It's a really lame ruling and it really opened the
US up for a lot of dark money coming in.

Speaker 2 (15:56):
That's the reason.

Speaker 7 (15:57):
Well, the reason is, I mean, you look, you can
go to Della and you go to Delaware, and all
you have to do is list who the incorporator is.
You don't have to list to the shareholders, the investors,
none of that. You don't have to list it. So
you have essentially anonymous ability if you register in Delaware.
So if you're a Mexican drug cartel and you want

(16:17):
to influence American politics, you go to Delaware, you form
a corporation, you dump one hundred million bucks into it,
and the corporation, the American corporation, then, because they're Delaware registered,
hires a lobbyist in DC and they go out and
whisper in all your congressman's here and promise them campaign donations,
and they do what they're told. And that's one of

(16:40):
the reasons our politics is so distorted and does not
reflect the will of the American people, but instead affects
the will of the special interest. Let's just call it.

Speaker 8 (16:51):
Well, okay, speaking of special interests, the City of London
and the central bankers.

Speaker 2 (16:57):
Have a lot of influence.

Speaker 8 (17:00):
They do, and if you ignore that, you're ignoring a
huge part of the power global power structure.

Speaker 2 (17:08):
So can you explain how that works a little bit?

Speaker 7 (17:11):
Well, what central banks do? People need to understand this
is that central banks are the ones who issue the
nation's currency, which means they control the lifeblood of the economy.
They control liquidity, they control credit availability, and they control
the cost of borrowing. So with monetary the money supply control,
they can expand or contract the supply through open work

(17:35):
and operations, buying and selling government bonds, and that directly
influences inflation, growth and employment. So if you increase the
money supply, you get more inflation, you get more growth,
you get more employment. If you shrink the money supply,
you get less growth, less inflation, less employment. The interest
rates the other thing they control. By raising and lowering

(17:56):
the benchmark interest rates, they determine how cheap or how
expensive it is to borrow. If you want to buy
a house and the rates three percent, it's pretty cheap
to get into the house. If their interest rate is raised,
you know, eight ten twelve percent gets pretty expensive to
be in the house. So they've got a lot of
control over these type of operations. It's really they have

(18:19):
a lot of influence over it.

Speaker 2 (18:21):
Well, they have.

Speaker 8 (18:21):
Even more than we They have even more than people realize,
which we sort of realized after the two thousand and
eight crisis crash, and they did a partial audit and
they showed trillions of dollars being funneled to all these
other foreign banks.

Speaker 7 (18:38):
Yes, they're funneling. They used the Federal Reserve as one
of the fallback positions. You know, the Federal Reserve, the
bank of their national settlements. These are the go to
guys and the US The Federal Reserve had no business
giving money to foreign countries, to foreign bank but they did,

(19:01):
and they did. They propped them up. They sustained the
whole system that way. But you know, that's that's it.
It was one of their many functions during that last
crisis we had, the two thousand and seven eight mortgage crisis.

Speaker 2 (19:14):
It was incredible. It was incredible because they did this huge.

Speaker 8 (19:17):
Congressional vote for what nine hundred billion. Meanwhile just that
partial at that partial audit showed sixteen trillion or something
that was going on, and so they did this whole
charade in theater about giving out you know, nine hundred billion,
but behind the scenes they were giving out like trillion.

Speaker 7 (19:38):
Yeah, that's what. Well, they have to keep their system
in place. I mean, that's one of the things. We'll
get to that at the minute. But the system depends
on the system to keep itself alive. The other thing
that they can do is credit flow management. This is
another one of their tools that they use, and that's
the reserve requirements and policy signals. They can influence whether

(20:02):
capital flows into productive enterprises or speculative assets. So like
when things start speculating. And I brought up the mortgage
crist that a moment ago, interest rates were cheap, people
were buying houses they couldn't afford they were they lowered
their requirements for what it took to qualify for a loan.
I don't know if anybody remembers the Ninja loans, no income,

(20:23):
no job, and they still give you a loan at
four or five percent. It was pretty good. And so
the bottom.

Speaker 2 (20:29):
Line it was pretty good.

Speaker 7 (20:30):
Yeah, well it wasn't.

Speaker 2 (20:32):
I had no job and no income and you still
got a breaking a loan.

Speaker 7 (20:36):
It was until it wasn't. Yeah, whoever controls the cost
and availability of money controls the tempo of the economy
in that country. And that's really what the central bank
does is they're the ones who control it.

Speaker 8 (20:53):
Well, can they take out can they determine whether wars
are going to get funded?

Speaker 2 (20:57):
Behind the scenes?

Speaker 8 (20:57):
Can they determine what I mean, how granular do they
have the ability to affect the economy and what actually
goes on? Because we had Mark Karney, right, the Prime
Minister of Canada talk in twenty was it twenty I
believe where he said that we are going to go
around government budgets and determine are going around governments determine

(21:19):
their budget based on carbon credits and that was going
to flow down from the central bankers. And I don't
believe they actually were able to implement it quite like that.

Speaker 2 (21:26):
But their goal was to pretty much.

Speaker 8 (21:28):
Determine all manufacturing and industry and pretty much set policy
at the central banking level.

Speaker 2 (21:34):
So how much control do they really.

Speaker 7 (21:36):
Have now, Well, they have a lot. And so you know,
every sovereign government relies on their central bank for debt
issuance in liquidity, and so when a government runs a deficit,
it borrows when a government central bank plays a pivotal
role in that borrowing. So if you're central bank, you
know backstops your your bond issuance, you're probably pretty good

(21:59):
it's probably going to success. And so that that's how
they do it. And so it's they have leverage. And
so any government that defies monetary orthodoxy, printing money, defaulting,
defying external pressures, they risk higher interest rates, they risk
capital flight, they risk loss of investor confidence. And this

(22:23):
is triggered by the central banks policies, and it's communication.
So they can whisper things out in the market and
they can have people say, oh, we're losing confidence in
this country. We're going to take our money somewhere else.
We're losing confidence. Hypothetically, an example be France is not
doing what we want them to do, so we're going

(22:43):
to make the money in France leave. So then there's
less money for anything the government wants to do or
anything the people want to do. The economy is not
going to do as well if the money leaves the country.
So that's how again another influence of the volume of money.
And so there's the world states. You've got three major

(23:04):
players here. They've got the back of the international settlements
that I mentioned, the IMF, International Monetary Fund, and the
Federal Reserve, and so the US because we have reserve
Global Reserve currency status, most international trade and commodities and
debts are dollar denominated, and though that way, any decision
the Federal Reserve makes has a global influence on it.

(23:27):
Now this is being changed by the Bricks countries coming alive.
If you follow that, more and more countries are joining
and they've decided to take transactions to not be dollar nominated.
You know, Russia is accepting Indian rupees for oil.

Speaker 8 (23:45):
You know, that's more countries that want to join the
bricks than don't.

Speaker 2 (23:49):
I mean the majority of the countries that do.

Speaker 8 (23:51):
And there was a point where it's only going to
be like the United States and the UK kind of
that in Canada that are not part of it, and
they'll probably fall before we do, and they're just going
to let us hold our bag. I think that London
is going to have to stick around with us because
we're so intertwined with them.

Speaker 2 (24:08):
But where's Israel at with that? Are they part of
our plan too?

Speaker 7 (24:12):
Well? Israel is protected by the City of London. They're
the ones who funded them, They're the ones who made
them possible.

Speaker 2 (24:18):
They are the city of London for practical purposes, aren't they.

Speaker 7 (24:22):
Actually the city of London is Israel.

Speaker 2 (24:24):
You know, it's better to say it the other way around.

Speaker 7 (24:27):
Yeah, yeah, they're they're kind of have a mutual interest.
Let's just say, well, let's go back to the IMF.
Countries that require IMF loans or support. You know, they've
given over a lot of control over their sovereignty. So
if they wanted to have a generous social welfare welfare
program for interests and for instance, and the IMF says, no,

(24:49):
you're spending too much on social programs, you need to
cut that down, they can force that country to implement austerity.
And then everybody in that country who's on any sort
of government program, whether you're employee or whether you're a pensioner,
suddenly your bell gets tighter. You don't have as much
money because they forced austerity upon you. And then the

(25:09):
Bank of International Settlements they're the ones who they set
the capital requirements and the risk taking rules for all
the global banks, and they shape how credit can can
be or will be created anywhere on the planet. They're
the ones who are who have that much power. So

(25:29):
this becomes really a transnational governance structure. More than any
national policy. No country is really quite strong enough to
stand up against these influences, and that is how we've
got really the global banking institutions really act as a
government of governments. They're the ones who decide which countries

(25:53):
are going to prosper and which ones are going to
have a tough time. So you know, there is a
private sector in nexus, and there's a financialization that goes
with us. Modern central banks don't operate in isolation. They're
intertwined with private financial institutions that act as conduits of policy,
and they're very often the beneficiaries of these policies. And

(26:15):
in the US, you look at our big banks. We've
got Chase, We've got Wells Fargo, We've got Bank of America.
These guys are all tied in together tight with the
Federal Reserve. Now, but you know the next thing beneath
the Federal Reserve, or what they call the primary dealers.
If you look at Howard Luttnik, Canter Fitzgerald was his

(26:36):
company at the top of the World Trade Center got
blown up. They were a primary dealer. They were one
of the companies that the Federal Reserve gave the paper
to and was their job to sell that paper to
the rest of the world. That's what Canter Fitzgerald did.

Speaker 2 (26:51):
And now do you.

Speaker 8 (26:52):
Think it was a coincidence that they were in there
at the time.

Speaker 7 (26:56):
That people were in the company.

Speaker 8 (26:58):
Canter Fitzgerald was one of the main I mean a
lot of the employees at Canter Fitzgerald got nailed in
the nine.

Speaker 7 (27:05):
One, Yes he did. However, Howard Lutnev, who is now
Trump's Secretary of Commerce, was the guy who was the
CEO oft Canter Fitzgerald, and somehow he didn't go to
work that day and miraculously survived. And so I don't
know I would if I ever wanted to really understand

(27:26):
what happened on nine to eleven, he would be one
of the guys that I would question, you know, a
waterboard or whatever where it takes to make him talk,
you know what I mean. But like I said, I
don't see how these guys get it get away with it.
You know. The bottom line is here in the USA,
nine to eleven was a great tragedy for us, and

(27:47):
we have not recovered from that yet. And the reason
we haven't recovered is the real perpetrators. It wasn't nineteen
arab with box cutters who brought down the Twin Towers.
I think everybody can realize that by now. But the
real perpetrator are walking around. They got away with it,
you know, they got away.

Speaker 2 (28:03):
They got away with it.

Speaker 8 (28:04):
But that's kind of the story of our country, right,
is that the people who are doing these massive crimes
are getting away with it. I don't believe for a
second the people who are really behind Epstein are going
to be, you know, come to justice maybe some maybe
they'll use it to get to some of their enemies,
right who don't have power anymore, and then they can say, see, we're.

Speaker 2 (28:23):
Taking down all these people.

Speaker 8 (28:25):
But the real perpetrators I just don't believe for an
instance they get they're going.

Speaker 2 (28:29):
To go down for this. But now who's behind it?

Speaker 8 (28:32):
Who has that kind of power to be able to
protect criminals at this level?

Speaker 7 (28:39):
My opinion, and only my opinion, Israel, the City of
London and their agents and elements within our own government
are the ones who have the power.

Speaker 8 (28:53):
Those are the only three characters that really have that
kind of power.

Speaker 7 (28:57):
Those are the only three who've really got that much juice.
And nobody wants to talk about Everybody wants to pretend
that was nineteen arrows with box cutters, and that's.

Speaker 6 (29:10):
So dumb.

Speaker 2 (29:11):
I know.

Speaker 7 (29:12):
The thing is what let's let's look at what a
what aircraft is. Let's look at what it is. It's
really an aluminum tube. Okay, it's been up illuminum. It's
as lightweight as it can be to have the strength
that requires that they do their best to make these
things lightweight. Now, if you took an illuminum tube at

(29:33):
four hundred miles an hour and ran it into the
World Trade Center, what do you think is going to happen.
It's it's gonna it's going to crush like a like
a like a like a can, like a like a
ten can. You get.

Speaker 8 (29:44):
It'll break some windows and create some damage, but it's
not gonna.

Speaker 7 (29:48):
It's not gonna. It's not going to turn, you know,
one hundred plus story building in a concrete steel into dust.
It just doesn't do it.

Speaker 8 (29:57):
Well, come on in the box cutters in a cave
or the one that figured it out got around our
whole intelligence apparatus and our whole military.

Speaker 7 (30:06):
Well, like I said, you want to continue on nine
to eleven, do you want to talk about more about
central banks?

Speaker 1 (30:13):
Oh?

Speaker 8 (30:13):
My yeah, sidetracked with really cool conversations, let's keep talking
about I think it ties into it in the sense
of who has this kind of power?

Speaker 7 (30:21):
Well, it does. And you know, we have to look,
we can't trust our media to tell us who the
enemies of our country really are. We have to do
our own homework and figured it out ourselves. Because the
news media lies. There's no ifs, there's no answer, there's
no buts about the legacy media lies. Everything out of
their mouth.

Speaker 2 (30:41):
Is a bunch of lies, or it's a lie by omission.

Speaker 8 (30:44):
Right, they'll tell the truth because they don't want to
get Some of the stuff is just outright lies, and
it's like wow, being in this industry and you just
know it's an out right lie, it's like pretty incredible.
But other times it's a lie by omission and they
say just certain facts that create a story and they
leave out a lot of other facts, and you can.

Speaker 2 (31:01):
Really create some interesting stories by doing that.

Speaker 7 (31:05):
Well, you know, the lies by omission. I kind of
like this one because it's one of my favorite analogies.
You know, a guy calls his wife and says, honey,
I'm going out with the boys after work for a
couple of cocktails, and she says, oh, okay. What he
omitted to tell her is they were going to the
Boom Boom club. He was going to dump two hundred
bucks on a table dance. I mean, that's what he

(31:26):
didn't tell her that. That was a line of omission.
And if she knew the whole truth, she'd be pretty upset.
But he didn't tell her that. And that's kind of
what our news media does a lot of the time.
And other times they just tell us straight lies. I mean,
they just lie to our face.

Speaker 8 (31:43):
Yeah, the straight lies are really well, they should be
both infuriating, right, it's just as.

Speaker 7 (31:48):
Bad well they are. I mean, you know, our whole
republic depends on having an informed electorate, Okay, And when
our news media is been hijacked and subverted into telling
us lies, we are no longer correctly informed. We don't
have accurate information, and so we lose our power to

(32:11):
make our own decisions, we lose our sovereignty because we
don't have accurate information.

Speaker 8 (32:18):
We will fight publicly or support a cause based on
faulty information because the information they did feed us, it
would make sense for a logical person to fight for
a cause, and they just weren't given all that information.
And so you're helping your stooge, helping them create their crimes.

Speaker 2 (32:38):
A lot of times.

Speaker 7 (32:39):
Well, and that's how we refer to uninformed people as
the sheep, you know what I mean, the sheep out
there among us. And you have to work to be informed.
And so anybody who depends on the legacy media, you know,
the cable channels, any of them, you're being like, you're

(33:00):
being not missing for you're being mal informed. You're being
improperly informed with malicious intent. And that's what's really going
on in our country. It's one of the most important
things we can do is to get the truth and
tell the truth. And then you have a guy like
Barack Obama who came in and changed our law so

(33:21):
that the people can now they can now promote propaganda.

Speaker 2 (33:26):
Smith mut.

Speaker 7 (33:28):
Yes among the American people. And so how is our
republic expected to survive when it requires an informed populace
to make decisions about who's elected. When we don't have
the information that's correct, we can't do.

Speaker 8 (33:44):
It well that George Sorels gave the ACL you fifty
million dollars to help sell that law, and they can't
win out that year and told published all these things
in one front of Congress and said that if we
pass this law, it'll be the best thing for free
speech we've ever added kind of thing, and they passed it.

Speaker 7 (34:03):
Well, they tell us a lot of stuff that doesn't
quite work out the way they said. I mean, we
go back to the Reagan administration. He told us that
if he deregulated the airlines that prices were going to
get cheaper, going to have more competition, it was going
to be better service, things were going to get better
for us. And you know, we used to have fifty

(34:24):
two fifty three national carriers. We're down to what now
five six, And prices haven't gotten cheaper, service has gotten worse,
and everything's gotten more expensive. I mean, they used to
check two bags for you for free, Now they want
fifty bucks apiece for them.

Speaker 2 (34:41):
Well, niche, yeah, how have.

Speaker 7 (34:43):
Things gotten better for us? I mean, you know, I
granted there as an inflation inflationary element in the price
of airline tickets, but they're just really beating us to death.
I mean, I don't know if you're probably not older
to remember this, but they used to serve beals on airlines.
Do you want the chicken or the beef? They gave
you a little had a white tablecloth that went on

(35:05):
your tray, and they actually had silverware that was made
out of metal. You didn't have to eat with plastics.
They didn't have to pay fifteen dollars for some lousy
chicken rap or something, you know, I mean, it was
all part of the package. And you know, like I said,
our government tells us things are going to be good
when they're going to be bad. The same with telecom deregulation.

(35:28):
It was a terrible move for us. The Simpsonazoli Act
of nineteen eighty six was going to end illegal immigration.
It was going to end it because we're going to
grant amnesty to the four hundred thousand who were here
and everyone else. All the employers were then going to
be responsible for verifying the immigration status of their employees.

(35:51):
Otherwise they would have to face a three thousand dollars
fine or six months in jail. Never enforced, not never.

Speaker 2 (35:57):
Didn't enforce it.

Speaker 8 (35:58):
The ideas sometimes are are well meaning and good and
then they never enforce it because they didn't. Really, it's
never a truly bought in principle. It's only partial and
so they allow that to happen, and then they just
don't enforce the rest of it. That's what we get though, right,
But don't you think it's because we're not informed.

Speaker 2 (36:17):
I mean, the more informed we are, but we never
can this. We can never agree on things anyways.

Speaker 7 (36:23):
Well, there's a difference between agreeing and being properly informed.
Neither the left or the right, who have seen the
biggest disputes going on right now in our country, neither
side is correctly informed. That's a bottom larner. And really
the left and the right have far more in common

(36:45):
than they know about the goals they want to achieve.
You know, the right wants everybody to have access to
a job, able to work, be able to make good money,
do that. The left wants more social programs and other
things benefit of the people. But you know, and said,
you know, the best social program is a good job.
And so everyone is opposed to the concentration of wealth

(37:07):
and fewer fewer hands. And that's one of the biggest
problems in this country and every country in the world has.
So I said last time I was on we have
a problem, and that we're losing our ability as a
democratic republic to affect the will of our government, to
affect the actions of our government, and more and more

(37:28):
it's going towards an oligarchy where very very wealthy individuals
have disproportionate influence over the millions of people that live
and work in this country who are citizens. We don't
have control over the policies of our government because it's
been taken from us by this oligarch class. And so
that's really one of our biggest national emergencies right there,

(37:50):
is that by itself.

Speaker 8 (37:52):
Well, now the oligarch and how much is that these
central bankers, and how much of it is the system
itself collapsing in on itself because it just doesn't work
for the people.

Speaker 7 (38:02):
Well, the biggest problem with the system collapsing is it's
a fiat currency. It's secured by nothing, you know, just
you know, the promise that the good faith in credit
of the United States is going to back up these things.
What they've done, and the central banks have done this
is they have over lent more money than can be repaid.

(38:25):
So whenever you know, they're you're you always have to
be working making money in order to have be able
to service your debt. They've lent so much money that
the debt service is starting to collapse from the outside in,
and so there's not enough money to go around to
pay all the debt that exists. So as one company

(38:46):
can't pay their debt to another company, that impacts the
next one up up the supply chain effect, and this
goes all through it. And that's why we're seeing so
much aggressive action globally that the US is rattling their saber,
you know, the adventure in Ukraine, Israel bombing Iran, all

(39:09):
the spreading of the Greater State of Israel of war,
the US, you know, loitering off the coast of Venezuela
talking about drugs. Well, the drugs are a real problem.
We have a real problem here. We're losing, you know,
ONNY hundred thousand people a year through drug overdoses. That's
a problem. But the real prize there is that Venezuela

(39:29):
is sitting on the largest known reserve of oil in
the world. I mean, that's a big deal. And so
we've got thirty seven thirty eight trillion dollars worth of debt.
They're sitting on probably probably sixty percent in value in
oil of that amount of money. So they could reallydo
a lot to payoff and service that debt if they

(39:52):
had control of the Venezuelan oil. So there's a lot
going on behind the scenes. It's all about money. Our
system is going to collapse because they have over lent money.
They've leant so much back that all the loans they
have out there cannot be serviced. And so we're going
to see this it's coming our way. You know, we've
got the thirty seven thirty eight trillion that of stated debt,

(40:15):
but then you've got another two hundred trillion of unfunded
government mandates out there that have to be paid. Then
on top of that, you've got the derivative problem.

Speaker 2 (40:25):
Which is a derivative problem.

Speaker 7 (40:27):
Somewhere between two point four and four point two quadrillion dollars.
We're talking really big money.

Speaker 2 (40:36):
I don't think we can comprehend that.

Speaker 8 (40:38):
Let me ask you, okay, in two thousand and eight,
with that whole we just talked about that earlier, about
how the central bankers were spending sixteen trillion on these
other banks, and that was just a portion.

Speaker 2 (40:51):
We didn't get to see the full audit. What's going
on now behind the.

Speaker 7 (40:57):
Scenes, by that's a good guess. They're trying to keep
this thing together with you know, string, Bailey wire and uh,
you know DUC tape. You know they really are. But
it's coming apart where we're seeing this in the recent
pretty fast rise in the price of gold and silver.

(41:18):
And that's one thing that we don't do. And back
in the crisis of two thousand and two thousand and eight,
the smartest thing to have done would have been to
have let these too big to fail banks, let them fail,
send them into receivership, break them up so that they're
not you know, five five ginormous banks. Now they're one

(41:39):
thousand smaller banks with this one has good assets, that
one has bad assets. But you know, George W. Bush
interfered in.

Speaker 8 (41:48):
That, and Obama did too. He was the one that
to them.

Speaker 7 (41:52):
But both of the they both did everything they could
do to hold the financial sector together at that time.

Speaker 8 (41:58):
And were they getting direction from above? I mean, it
wasn't just I don't think they even knew enough.

Speaker 7 (42:02):
To I'm sure they were getting uh their marching orders
from the owners of the Federal Reserve as well as
the City of London, which really is one sure forces
but behind there. And so that's these are the problems
that we have. There are solutions there were they did
the government. Our government didn't have to do anything except

(42:25):
stay out of the way and let the two big
failed banks fail. Yeah, I mean that was all they had.

Speaker 8 (42:31):
Would have failed, there would have been a collapsing banks
all around the world.

Speaker 2 (42:36):
They were worried that it would turn.

Speaker 8 (42:37):
Into a contangent and just like totally take the entire economy.

Speaker 2 (42:41):
But you don't think that would have happened.

Speaker 7 (42:42):
And now it's it would have been okay because we
have a process of bankruptcy and receivership where these all
these debts, all these banks, anything anyone to files bankruptcy
can be restructured in a way that makes sense. They
can renegotiate their loans, they can renegotiate all of this.

(43:03):
Anybody who's been through the process understands it, and so
you can renegotiate everything. It was a lot of people
are going to lose a lot of money.

Speaker 2 (43:11):
How much of it was one big wandering operation.

Speaker 8 (43:14):
I mean, I start to think when I was watching
back then it felt like so much of that money
was just funneled so people can make a fortune. But
I'm wondering now when we look at I think the
problems we have now are much bigger than what we
had then.

Speaker 2 (43:27):
And you know these overnight repowl loans that you're.

Speaker 8 (43:30):
Seeing is an indication of how much they're actually funding
behind the scenes.

Speaker 7 (43:36):
Well it is. And like I said, we would have
been fully recovered by now if we would have allowed
that failure. What they've done is kick the can down
the road because they didn't want to take the sharp
the short term pain. Now we're way further down the
road and there's not going to be short term pain.

(43:57):
It's going to be long term pain. Now. This is
going to be a a much much worse collapse than
if they would have allowed this to happen back in
two thousand and seven and eight, much worse. And so
you know, here we are, we're on the presentness. We're
waiting for it to go. You know, we will see
how this works out, but the world's not going to

(44:18):
end people. You know, the little guy always takes it
the worst. You know that the big guys always skate,
They never lose a dime somehow, but the little guys
go skate. But what will happen with that is we'll
probably want a new government or a new set of
politicians running the show, and with the expectation that they're

(44:38):
going to be able to bring discipline back into the
to the banking world.

Speaker 8 (44:44):
And it's going to be a power vacuum, isn't it.
It's a very dangerous time.

Speaker 7 (44:48):
It is. It's going to be kind of fun to watch.
But you know we can bring it that fun.

Speaker 2 (44:52):
And dangerous too, right, I mean we have to be
a stude.

Speaker 7 (44:56):
Well, like I said, it's it's going to be a
turbulent for a while. But we have the ability. I
said last time, we have no problems we can't fix.
We just have to have the political will to want
to fix them. But the problem we have is that
we have special interests who have a louder voice than

(45:16):
we have. They have more influence with our politicians than
we do. We're malinformed and we don't have enough influence.
Our votes don't matter. They buy the attention of the
voter by ads, not by research that where people don't
really understand. Oh well, he seems nice and he's young
and he's a Democrat. I'm going to vote for him.

Speaker 2 (45:38):
I like him.

Speaker 7 (45:39):
Oh exactly what is the public image that this politician
either side left or right, Democrat or Republican? What is
the image they project?

Speaker 4 (45:50):
Not?

Speaker 7 (45:50):
What are the policies mean? And what are the effects
of these policies. This is where the American people have
been failed by the news media and by our education institutions.

Speaker 2 (46:01):
Well, do you think that people are capable anymore?

Speaker 7 (46:04):
Some are, some aren't.

Speaker 8 (46:05):
I mean, to be honest, do we have a large
enough percentage of people that are capable of making these decisions?
I mean, I talk about how all the time the
structure of the world has changed, and we don't have
governance to manage the new structure.

Speaker 2 (46:19):
I mean, I don't know what.

Speaker 8 (46:21):
How are we going to get to the point where
we have enough people to actually manage what's going on?

Speaker 7 (46:26):
Well, I think we're going to have to know. What's
the expression that they use about people like alcoholics or
you know, drug They have to hit rock bottom. I
think we've got to hit rock bottom. We're not there.
Our political class has not has not had enough pain yet.
Our working class has not had enough pain yet. Where

(46:50):
as long as you know, the TV's on, you got
a beer, and the self is comfortable. You just sit
there and let it happen.

Speaker 8 (46:55):
You know, you think people have to die.

Speaker 7 (46:59):
I hope not. But when people are going to lose
their houses, lose their cars, when their kids don't have
enough food to be fed, these are the things that
are inspirational motivators for people. These are the things that
really force people up off the sofa and force them
into the street and to take more direct action, if

(47:22):
you will. But we're not there yet. Everybody in this
country is too comfortable, still, just way too comfortable.

Speaker 8 (47:30):
It's getting bad, but we're still too comfortable. You're right,
And I think that in the past, where revolutions or
empires have fallen, it's when the systems collapse to the point.

Speaker 2 (47:42):
Where the pain of the average person is too unbearable.

Speaker 7 (47:45):
Yes, that's exactly. Look at just what a week or
two ago when the Snap payments didn't go out on time.
I mean, you look on Xit, look at all these
people who are Snap beneficiaries, who are adjust. Don't be
touching my snap ben of it. You know, I'm going
there and steel.

Speaker 2 (48:02):
Don't be touching my stuff.

Speaker 7 (48:05):
Exactly, And so you look at it. You know, why
do we, as a country, the largest economy in the world,
country of three hundred and thirty million people, why do
we have forty two million people collecting food stamps? I mean,
why do we do it? And then you look at
that and look at forty percent of them with foreigners
who who illegally immigrated in this country or were refugees

(48:28):
coming into this country. Why do we have to pay
their bills? Why do we as the taxpayers? Why is
our government underwriting this insanity? Well, and I think a
bigger dependent class that we need.

Speaker 8 (48:40):
But I think that when you really look deep into it,
I don't have a problem with someone who really needs
to be fed to be fed. I have a problem
with somebody who wants to be fed because it creates.

Speaker 2 (48:50):
More luxury for them.

Speaker 8 (48:51):
And that if we have to go deeper into it
and look some of the stories I heard about people
complaining about and like their health insurance is.

Speaker 2 (49:02):
Subsidize things like that.

Speaker 8 (49:03):
People with full pensions too, professionals with full pensions who
are making decent money have subsidized healthcare, you know, stuff
like that, and they were very angry about it. It's
you have to dig deeper and say wait a minute,
went how far do we go before.

Speaker 2 (49:20):
We say this is too much? People?

Speaker 7 (49:23):
Well, you know Lyndon Johnson when he started the War
on Poverty nineteen sixty four sixty five and created these
welfare programs, you know, these were intended to be a
hand up and not a handout. And now here we are,
what is it forty sixty years later and where third
and fourth generation a welfare dependency where this is no

(49:48):
longer a temporary assistance to get you out of poverty
too so your kids don't miss meals wire between jobs.
This has become a life, This has become a career
choice for people and who have willingly gone on. They
like their Section eight apartment, They like their EBT cards
that benefits, you know, they get all these things. They

(50:08):
may be working side hustles out there that they don't report.
They're gaming the system six ways from Sunday because they can.
And that's why I was really happy to see what
Elon Musk had done with DOGE early on. But he
was too effective on social security. I mean, when you
find what five million, six million people who are over

(50:28):
a two hundred and twenty years old still collecting.

Speaker 2 (50:31):
Pretty effective at some of those things. I was pretty
happy with what I was seeing.

Speaker 7 (50:36):
Well, but the thing of it is, there's people out
there who are getting paid on a monthly basis and
receiving that money. Now they're not, so you know, how
did that affect them? How is that affecting the greater economy.
These are things out there that have to be looked at,
have to be explored, because we're to the point in

(50:56):
this country where are are the the We're not creating
value through manufacturing and through creation of intellectual property and
creation of material goods. We're creating value, We're not going
to value. We're grifting and scamming is what we've turned into.

(51:16):
We've turned into a really corrupt country. I mean, we're
turning into an India, you know, where you know corruption
is the rule of thumb.

Speaker 2 (51:25):
I mean, well, it's what pays.

Speaker 8 (51:26):
That's what people get to the point where it's like,
well I work really hard, and this is said, we
have to get out of it.

Speaker 2 (51:31):
I work really hard. I've been born and raised to
work really hard and to be proud of what I do.
But it doesn't pay to do that.

Speaker 8 (51:38):
The only way to pay is to get in there
get in the front lines of getting being part of
the criminal syndicate or getting paid off by the criminal syndicate,
because that's the only way I can afford it.

Speaker 2 (51:48):
That's what people have come to the conclusion.

Speaker 7 (51:51):
Well, it is and it's sad, but it's true. And
so you can't you know, grift yourself into a vibrant economy.
You can only steal what's available to steal.

Speaker 2 (52:04):
It's a house car.

Speaker 7 (52:05):
Like I said, it's another indicator that we're on the
edge of a collapse, that that we we are going
this economy is going to tank, it's going to break.
Our government may collapse as a result of this. Because
because I was.

Speaker 8 (52:21):
Done go ahead, no, I was going to say, do
you think do you think the government is going to collapse?
Do you think that we're going to split up like
the Soviet Union did?

Speaker 7 (52:29):
Well, I hope not. I would like to keep the
Union intact. But you know, I don't have much use
for the East and West Coast because they uh you know,
they're they're very population dense areas with disproportionate political uh influence,
and they're they're they're essentially a blue socialist type people.

(52:50):
They again, they they don't create value. But the fundamental
problem is that we have too much wealth concentrated into
few hands. And you know, the other thing about money
we're talking about central banks and things that things that
they monitor, is you know, what is the volume of
money out there in circulation, and what is the velocity

(53:11):
of that money? How rapidly does it change hands, how
to facet it move from person A to B, two
C to D. And those are the two things that
are the measure of a healthy economy. When you've got
a good volume of money and a good velocity, things
are pretty good. It can borderline on a boom. Your
economy is pretty healthy. When you don't have enough volume
of money and it's moving really slow, then you've got

(53:34):
a real stagnant economy. It's sort of in the dol drums.
It's sort of in a funk, and it's not growing.
It's not doing well.

Speaker 8 (53:40):
It's a camel on effect too, right. The money's just
not getting to the people.

Speaker 7 (53:44):
Well, it's not getting to the people. Like I said earlier,
I said, it's more and more wealth and more and
more assets are concentrated in fewer, fewer hands. And that
is a huge problem that we have I mean, you
got Warren Buffett a couple of years ago had an
article out that I pay less tax percentage wise than
my you know, executive assistant does. And so when you've

(54:06):
got these kind of situations, you know what's wrong with
this picture are our system of taxation doesn't work, It
doesn't serve the greater good? And so how do we
change these things? How do we make this a system
that serves. When I when I was a candidate for governor,
I would give speeches, it always asks me, why do

(54:26):
you want to run for governor? I said, because I
want to do the most good for the most people
in the most cost effective manner. And that's really what
the function of government is. We've lost that. It seems
our politicians only go there to have power, influence, and
to get rich as quick as they can. And this
goes to all of them.

Speaker 2 (54:45):
And so I think it's back to what I.

Speaker 7 (54:47):
Was saying, Well it does. So how do we fix this.
One way is we change how we tax things. So
you know, why don't we put in a national sale
tax exempt of food and medicine from it so it
doesn't discriminate against the poor. But if you want to
buy a new car, you got to pay a sales

(55:07):
tax on a new car. You got to you want
to go out and buy an airplane, an office building,
a house, anything you buy, put a sales tax on it.
Someone that's what we have at.

Speaker 2 (55:14):
The state level.

Speaker 8 (55:15):
You think, maybe you get rid of income and you
converted to.

Speaker 7 (55:17):
The sea, get rid of the income tax. And so
the more money you spend, the more tax you pay.
And then the other effect that'll do is that will
turn us into a nation of savers, not a nation
of consumers. And our whole economy right now is structured
on a consumer economy to where we've got money flowing in.

(55:38):
You buy this trinket, you buy that trinket, you buy
another trinket, but where we're not saving and we don't
save for the future. So what is our at this
point with the inflation being what it is, Why would
you save it all? Because you put twenty years worth
of work in to save money and it's been inflated away.
It buys half of what it did when it was new.
So why wouldn't you buy something when you first earn

(56:01):
that dollar instead of saving it. So you can see
the complexity of the problems that we have here, and
our economy needs to be restructured. It's broken, it doesn't
work well.

Speaker 2 (56:12):
I am Alan Wilensky on Beckon.

Speaker 8 (56:14):
He was a tax secretary under Bush and he said
the first Bush and he and I got.

Speaker 2 (56:20):
To know him because he lived in the area.

Speaker 8 (56:22):
And he told me, sir, they're not gonna the tax
policy is how because they can't manage the public any
other way.

Speaker 2 (56:29):
So everything gets managed under the tax policy.

Speaker 8 (56:32):
Every single way that they try to get people to
behave the.

Speaker 2 (56:36):
Way they want, they do it through taxes. That's what
he was telling me.

Speaker 7 (56:40):
Why don't they stop trying to manipulate people's behavior.

Speaker 2 (56:44):
I agree, I'm just what he told me.

Speaker 7 (56:47):
Let people do what they want. And you know why,
what gives them the right or the authority to want
to assume the ability to manage someone else's affairs?

Speaker 2 (56:58):
I agree, But I'm just telling you the way he
told me. Everybody thought at the time.

Speaker 7 (57:03):
But that's that is that you've got a point. That's
how they think. How are we going to control the
behavior to have to tax them this way or that
would give them this break? That break.

Speaker 8 (57:11):
It's got the sheep to move in this way by
doing this and that's what they are. Okay, I have
one more thing before I let you go in this
great mind that I have with me today, if the
country splits apart, you were saying, and this first time
I've ever thought this, and I started thinking about it.
It's because you were saying that wealth is concentrated on
the East and West coast in a lot of ways.

(57:33):
But we're seeing a migration out of California and they're
building in some of the middle Red states are gaining
a lot of wealth. When it comes to Austin, it
comes to the North and South Carolina, they're even moving
part of the Wall Street down to Tennessee, I believe is.

Speaker 7 (57:51):
Where it is well to Tennessee, and Florida is where
they're talking about. But Tennessee's done really well, Kentucky's done
really well. All of these what we're rather slower economy
states have picked up a lot of population and they've
picked up a lot of wealth with that population.

Speaker 2 (58:07):
Well.

Speaker 8 (58:07):
But it kind of seems like they're almost prepping that
if we're going to split, we're going to make sure
that we have a solid base in these red states,
and we could really split to a red blue split
kind of situation.

Speaker 7 (58:20):
Well, you we could, and it would be temporary. And
I'll tell you why, because the Blue states can't support themselves.
They just can't do it. They're they're they're policy mindset.
They cannot support themselves. They're they're not business driven. They
don't create value.

Speaker 2 (58:38):
Good form for a certain period of time to.

Speaker 7 (58:40):
Just well, they certainly have their lesson. They have a
wake up call. I mean, you look at California, you
look at New York, you look at how the directions
these states are going in and the thing what is
you know, the coastal regions of California control everything. You know,
i mean San Diego, La San Francisco, that's where that's

(59:01):
what controls California. The Central Valley, you know, Northern California.
You know all those areas where the land mass is,
where the productive farmland is. They don't control the state.
You know, the cities control the state, and that's where
the concentration is. So you know, they're going to have
a real hard time if they would, if the US

(59:22):
would break up, because they consume more than they pay
in tax a.

Speaker 2 (59:27):
Lot of Do they know that? Do they know? Do
they know that?

Speaker 7 (59:31):
I'm sure I'm sure they do.

Speaker 2 (59:33):
I mean they know.

Speaker 8 (59:34):
They couldn't handle it without the other side. Yes, But
do you really see there's two sides anyways? Aren't we
kind of one big messed up place. I mean a
lot of people say there really isn't two parties, there's
one party and to these are just two factions they
let out there. But the real controlling part powers don't

(59:55):
even think in those terms.

Speaker 7 (59:56):
No, they do not. And you know it's what team
did you choose? We only have two, you know, and
so you're red guys. Really you're the blue guys. I mean,
you know the old expression is we have a left
wing and a right wing, but they're both on the
same bird, you know, I mean, what kind.

Speaker 2 (01:00:17):
Of like what shape do you want?

Speaker 8 (01:00:19):
You know, It's like I'm I'm a square, but I
only get to pick a diamond or a circle, you
know what I mean. It's like I don't want I
don't fit either of them.

Speaker 7 (01:00:28):
Yeah, but you know, it's like I said, we're living
in very interesting times. I hope the country does not
break up. I hope it comes to its senses. But
we've had this communist, socialist influence, you know, the long
marchs through the institutions, primarily of academia, you know, from
K through twelve and then through academia trying to condition

(01:00:52):
the minds of our youth. And they've done a very
good job. You know. I talked to my my nieces
job and like I'm talking to a little socialis here,
I'm talking to little Marxist.

Speaker 2 (01:01:02):
And I've done a good job.

Speaker 7 (01:01:05):
They they really they really think that that, you know,
we the disconnect here is that everyone should have equal opportunity,
but everyone has to generate their own result. And what
the socialists look for the commists, they want everyone to
have the same result. Well, I can't account for someone

(01:01:27):
has greater ambition that I do, or someone has greater
intellect than I do. How do I get the same
result as them because they're smarter and they work for it?
How am I going to How am I going to
perform as well as that guy and and so. But
but I'm entitled to get my same amount of you know,
renuneration for what I do. Is he does, he's smarter

(01:01:48):
than me, he out works me, So why should I
be worth the same amount of money is that guy?

Speaker 8 (01:01:53):
But that's how they see it, And isn't that sad
that they're.

Speaker 2 (01:01:57):
So good at teaching it. They really did a good job.
It's not what we wanted to do a good job
at It's just like.

Speaker 8 (01:02:03):
And I'll tell people this, and they don't like to
hear it, but I'll tell them Nancy Pelosi was probably
one of the most effective best.

Speaker 2 (01:02:13):
Speaker of the Houses we've ever had in this country.
You don't like her almost she also her husband is
also the best such rader we've ever seen.

Speaker 8 (01:02:22):
But I'm just saying, we have not seen the speaker
of the House that has been that effective ever, and
we just don't. It's kind of like they're really good
at teaching kids communism.

Speaker 2 (01:02:34):
It's like we don't want them to be. But if
they were, well, I.

Speaker 7 (01:02:38):
Do have to hand it to Nancy Pelosi because he
was good well. The discipline she had over her party.
They always marched in lockstep, they always the same. I mean,
these Republicans, it's like it's like hurting cats, you know.
I mean, they're they're all over the place, but they
don't have the discipline on the Republican side that the

(01:02:59):
Democrats have the Demo.

Speaker 2 (01:03:00):
Have you seen anybody as good as her? I mean,
being totally honest.

Speaker 8 (01:03:03):
I mean, nobody listening to this program probably likes what
our policy were or the fact that her husband's the
best trader in the world.

Speaker 2 (01:03:13):
You know.

Speaker 7 (01:03:14):
Well, on the Republican side, the best speaker, the most
effective speaker we've had in a long time, was new Gingrich.
He was very good, did some really good work, did
some good things. You know, he was really good. But
you're right, Nancy Pelosi as a Speaker of the House, boy,
she she got results for her team, she got results
for herself.

Speaker 2 (01:03:34):
She got results.

Speaker 7 (01:03:36):
I don't agree with her at all, but as far
as doing her job, she did that job well.

Speaker 2 (01:03:43):
She did, and you can't argue that she didn't. People
don't like it, but she did. And I think that's
the difference. She's she's respected, she's.

Speaker 7 (01:03:50):
Not liked, but she's feared as what she is.

Speaker 8 (01:03:54):
But we need, we need some people fighting for us,
that is, that are fighting with the policies that the
people of this country need, like her, but fighting for
the policies that will help us.

Speaker 7 (01:04:09):
Well. The thing that we need is a third and
maybe a fourth party. You know, I mean, we really do.
I mean, we're you know, the Europeans with their parliamentary systems.
You know, they might have you know, ten to fifteen
to twenty different political parties out there taking all kinds
of stances on one issue.

Speaker 2 (01:04:28):
Or a suite of issue. Yeah, but you.

Speaker 7 (01:04:30):
Know, but that's kind of a good thing. But we
with only two parties allowed, they both got to have
they're both too wobbly. They stand for nothing because they
have to be too big to stand for everything that's right.
So we need to be able to have freedom to
have other political parties that could bring different dynamics into

(01:04:53):
our political dialogue, into our political debate that we don't
have enough. You know, you're the red team where you're
the Blue team. Not enough, I mean, where there's things
that you might agree with the Red team on and
other things you might agree with the Blue team on,
but you're you're not supposed to you break your partys
to stay loyal, do all that kind of stuff.

Speaker 2 (01:05:09):
Well, there's cringe wearthy.

Speaker 8 (01:05:11):
There's certainly cringe worthy things on both sides.

Speaker 7 (01:05:14):
Well, there are, there absolutely are. I mean, it's a
it's it's pathetic how it is.

Speaker 8 (01:05:21):
I don't know how it's explained, but there's some pretty
cringe worthy things on both sides. Okay, how do people
follow you and get the latest they need to? And
we're going to have you on a semi regular basis
on our Friday Night Economic Review.

Speaker 2 (01:05:35):
I have Andy Sheckman coming.

Speaker 8 (01:05:36):
A lot, and I have Martin Armstrong, and then I
want to have you come back. I mean, I have
such amazing people that come to my.

Speaker 7 (01:05:44):
Friday Night, those heavy hitters right there, you're just named.
I mean, I'm a big fan of Martin Armstrong. I
really am a He's a smart guy. And you know,
Andy Sha, I'm still waiting for silver to break out.
So tell Andy to though.

Speaker 8 (01:06:01):
If you look at if you would have put money
in dollars and dollars of the last year, Let's say
you put a million dollars in dollars, it'd be worth
about six hundred thousand. You put it would have put
it into gold, it'd be worth one point four one
point five million, and argue with that.

Speaker 7 (01:06:17):
Like I said, I'm still waiting for it for the IA.
I'm waiting to see the one hundred dollars an ounce
silver and uh, you know, maybe six hundred dollars out silver.

Speaker 2 (01:06:25):
I want that to come though.

Speaker 8 (01:06:27):
I bought silver back in twenty ten for ten bucks
and ounce when it took that dip.

Speaker 7 (01:06:33):
But but but here, here's the lot.

Speaker 2 (01:06:35):
I wish I would have bought a full crap load.

Speaker 7 (01:06:37):
But we all look at this, you know, gold and silver.
We say to ourself, boy, I want to see gold
prices go way up because I've got some gold. Well,
you really don't. What it means is that the dollars
you're working for are buying less and less if gold
goes higher and higher. So when you go to the
grocery store, instead of spending one hundred bucks on groceries,

(01:06:57):
you might have to spend two or three hundred bucks
on the grocery.

Speaker 2 (01:07:00):
It's an inflationary head.

Speaker 7 (01:07:03):
Be careful what you wish for, because well.

Speaker 8 (01:07:05):
The only thing is is if silver because it's been
reclassified as a strategic because of the usage in you know,
high tech, and because because high tech, you know, gold,
people are saying, well, gold is used, and it's because
of the corrosion. Corrosion of silver, they couldn't use it

(01:07:25):
on some of this stuff. But it's it is forty
it's sixty seven percent something like that, more.

Speaker 2 (01:07:30):
Conductive than any than gold.

Speaker 8 (01:07:33):
But but they've solved the problems with silver being you know,
corroding with different chemical processes. So now silver is at
a whole other level, and I think that we're going
to see silver do other things than just be for
monetary I mean, it's we're going to see that breakout.

Speaker 7 (01:07:53):
I think, well, well, there's there's a lot of new
technological uses for silver. I mean they're used in solar panels,
used in electric cars, teslas, I mean, there's a lot
used in the military applications for various weapons systems the like.
So silver is going to be consumed and not just

(01:08:14):
held as a precious metal. It's going to be a
consumer metal. But you know, like I said, we're really
all on the edge of some changes that we really
need to change how this country is. The bottom line
is with the Fiat currency printing. You know, the house
that was a thirty five thousand dollars house back in
nineteen seventy, it's the same stink in house, but now
it's seven hundred thousand dollars.

Speaker 8 (01:08:36):
You know, it's San Francisco, and it's like three million.

Speaker 7 (01:08:39):
Well, but you understand what I'm saying.

Speaker 2 (01:08:42):
I'm just saying.

Speaker 7 (01:08:44):
The asset hasn't changed, but the valuation of it has
because the dollar is not worth it doesn't buy what
it used to buy, and that's a problem. And so
we have the supply and demand problem. You know, we
always talk about real estate. You want the price of
real estate go down to port fifty to sixty billion
illegal aliens here who are taking up houses that American

(01:09:05):
young people should be buying as their starter homes. Get
them out of here. I mean, Trump talked a good
game about mass deportations. I haven't seen mass deportations. I've
seen targeted deportations, but not mass.

Speaker 8 (01:09:18):
What do you think about the ice raids? I mean
they we shouldn't go into that. We can talk about
it another time. But it's a major political I don't
I think half of it is made up.

Speaker 2 (01:09:27):
I think they find one.

Speaker 8 (01:09:29):
I think it's on purpose to fuel things. But let's
not talk about it this time.

Speaker 7 (01:09:33):
Let me let me just chime in real quick and
then I'll get up. We cope. Why isn't Trump and
if it's illegal to hire an illegal alien, why isn't
Trump enforcing the sanctions provided for the Simpson Mizzoli Act
of nineteen eighty six that if you hire three illegal
aliens that's the threshold or more. You're subject to three

(01:09:54):
thousand dollars fine per legal alien you hire and six
months in jail time. So why aren't we going after
the Tyson Foods in the midile?

Speaker 2 (01:10:02):
It's not that's my point.

Speaker 7 (01:10:04):
That the variat corporation always who hire high large numbers
of illegals. Why are we tolerating this when the laws
are on the books to be it forced against the
employers and if they don't have jobs here, they're not
going to stay they won't be able to afford to
stay here.

Speaker 8 (01:10:20):
Well, and it's a big part of our economy. It's
it's the back deals. Everybody thinks politics happens in the
front in public. No have you ever been even to
a if you're ever on a board of a local
sports team even I mean, it doesn't matter what you're on.
All the politics happens behind the scenes. And people I

(01:10:41):
always say when people ask me from a big tech
stamp or high tech and what's really going on for surveillance, like,
we don't really unless you're in these boardrooms, you don't
know for sure what's ever really going on. And that's
a true statement with everything.

Speaker 7 (01:10:54):
But like I said, we have no problems we can't solve.
We really have been there. We just have to have
the political will to do it. And that's what I
see lacking in these politicians. They don't want to take
on the system, as you called it, because the system
is powerful. If you get its way, it will crush you.

Speaker 2 (01:11:12):
You would run over like a frickin' bug.

Speaker 7 (01:11:15):
But we as the mass of people, there's three hundred
and thirty million I was plus fifty five legal aliens.
We have a significant influence that we could exert if
we did so way to coordinated manner. That's all I'm saying.

Speaker 2 (01:11:27):
Well, that's what happened with Epstein.

Speaker 8 (01:11:28):
The Epstein, Not that I believe what's going to come
on is good, but they put so much pressure on
them that it forced the Congress to put it through. Right,
That's all we have to do is force those things.
But where do they follow you, because it's a must follow.

Speaker 7 (01:11:42):
Well, the intel drop is where you know. My few
publications are out there. I've got a lot of interviews
out there. I do a lot for Press TV out
of Iran. I'm on is Vestia out of Russia. I'm
on Russia One TV on a regular basis and I
get all those posts stuff there as well.

Speaker 2 (01:12:01):
So you're in high demand.

Speaker 8 (01:12:02):
Like I said last time, you're in high demand on
worldwide media outlets. And it's pretty impressive what kind of
shows that you go on and how high demand you
are around the world.

Speaker 2 (01:12:13):
So it's pretty cool to have you on. Thank you
so much for sharing the.

Speaker 7 (01:12:17):
Program, Thank you for inviting me. I mean, thank you
very much. It is it really is my honor and
privilege to be able to talk to the listeners out
there in an open, honest manner, and you know, just
this is how I see it, and it really is.
I mean, not everybody has lost their mind, you know,
and so hopefully I'm one of the who has not

(01:12:38):
lost mine exactly.

Speaker 2 (01:12:40):
Not everybody has lost their mind. That's a good phrase.
Thank you so much, Mike, Thanks Sara.

Speaker 6 (01:13:02):
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Six