903: Economy Hits Lowest Point of Trump 2.0

Also, horrific testimony from a GHF whistleblower, Trump freaks out over a potential stock ban and the FBI redacts Trump's name from the Epstein files

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Episode Transcript

Speaker 1 (00:12):
Hell everyone, My name is Spencer Walsh. Welcome to today's show.
We have a good one for you today. As always,
Donald Trump is freaking out about new economic numbers. The
labor market is not looking good as job totals came
in today much lower than expected, all on the back

(00:36):
of new tariffs being put in place on a whole
host of countries in the wake of today's August first deadline.
We'll give you the whole rundown on the economic picture. Also,
we have multiple stories coming from Gaza as the genocide
and famine continue. We have some pretty shocking testimony from

(00:58):
a whistleblower on the around former US soldier, American citizen
on the ground giving out aid with the Gods Humanitarian Foundation.
He is giving some crazy interviews all over the media.
Will break that down and also take a look at
an insane effort to sneer the head of the ICC

(01:19):
as a essentially sexual assaulter for putting charges on net
Yahoo and up the Lane, all carried out by Massad
and the Ustrabelan government with support of some Western governments
as well. Also again this is coming in. Last, we
have some big breaking news coming out about the Epstein redactions.
There was a report in Bloomberg saying the FBI redacted

(01:42):
Trump's name from the Epstein bioles all as Klaine Maxwell
may be partoned by the Trump idllustration. She was just
moved to another lower security prison in Texas, so a
lot of stuff going on there. We're not gonna waste
any time. All of the clips today's show will be
out on the Spence Worlds YouTube channel by six o'clock tonight,

(02:04):
so go check that out and subscribe for the visual
take on the show. Without further ado, Let's get into it,
ladies and gentlemen. Donald Trump just received some of the
worst economic numbers of his second presidency. And what we're
going to do is get into it all and break
down exactly why. The first big component of it is

(02:27):
reigniting the global trade war with a new sweeping tari regime.
As you may know, today's August first, which always was
going to be the deadline for countries, most countries except
for China, which is a whole other can of worms,
to go ahead and make a deal with the United
States see in Japan, South Korea, the EU go ahead

(02:50):
and do that. Mexico still has done a really incredible
job with this. They have secured I think another ninety
days for them to negotiate. But let's get into some
of these big trade missives that Donald Trump really has
fired off over the last twenty four hours or so.
You see, you highlighted there on the Financial Times website

(03:14):
crucial exporters to the US, such as Taiwan, the world's
most important semiconductor exporter, will incur new steep levies. Trump
also raised tariffs on Canada an ally in a major
trading partner, for a whole bunch of things. You know,
get Canadian lumber, you know, look at the classic you know,
the maple syrup and all that. But you know, they

(03:35):
really do trade a lot more than just the maple syrup.
India was hit with a tariff rate of twenty five
percent and Switzerland with thirty nine percent. And the Switzerland
is just like, you know, what the hell do they
even do besides, you know, take other people's money. They're
not really that big in terms of exporters. But Canada,

(03:55):
you know, President Trump essentially admitted with a tweet or
I guess the truth that the main reason that the
deal was not reached between Canada and the United States.
It's the fact that it wasn't reached is going to
hurt both economies in a pretty big way. Was because
of Canada's decision earlier this week to come out and

(04:18):
recognize a palace in the in state. So essentially we
are tanking our own economy for the benefit of Israel.
So you know, that's where we are right now here
in the tewond Trump administration. The US President's executive order
on Thursday, anouns think the tariffs said they were designed
to reduce America's trade deficit with many countries, which it
described as an unusual and extraordinary threat to the national
security and economy of the United States. The new gen

(04:41):
marks a softening of the aggressive levies the president announced
on Liberation Day way back on April second, but still
leaves the US's effective terriff frate at the highest level
in decades, underscoring Trump's drive to reshape the global economic order.
So we have the really new system of trade. We're
moving from system where the core principle was kind of

(05:01):
efficiency at all costs to one where the core principle
is fair and balanced trade. And this kind of goes
to the thing that we saw with Canada and with
so many of the deals that have been made, you know,
it's it's fine. And with Taiwan and the semi conductors
like those are some industries that hypothetically you would want
to protect, you would want to make sure they are
domestically strong, and that is a big part of why

(05:21):
a lot of you know, tariff proponents have we're at
least cautiously optimistic to the idea that Trump would go
ahead and do tariffs in his second term. But the
fact is, in terms of fair and balanced trade, the
US is not making any plans. It did on the bondministration,
but on the Trump instration, it's not making any plans
to produce its own goods to be exported and to

(05:44):
be used domestically in this whole trade back and forth.
So it's not really balanced. It's just screwing over other
countries to you know, make a very debatable metric scene
even while also really hurting your own economy in the
process in terms of consumer spending growth and all of

(06:04):
those key metrics that a lot of people judge economies by. Yeah,
there you see the new tarifraates for the US's biggest
trading partners from those fifteen percent at the top were
because people got deals the UK with a very sweetheart deal.
I called it on the last of the Epstein connection
deal because of it was negotiated by another Epstein frequent flyer,

(06:26):
Peter Mandelson, who is the UK ambassador to the US.
But you know that's that's a whole other thing. So
some US partners again, Uku and Japan security deals in time.
The order excluded China and the levies and other countries
will start in seven days, giving US customs time to
implement them. So that's gonna be really interesting. We saw

(06:48):
all across the really the carross the entire market. You
see these these top stocks are down big across the
board today. In Nvidia down two point two eight per
sent that you know, they probably were not happy to
see those Taiwan tariffs go into effect. You've looked at
the Dow down one point four to three, sm P
five hundred down one point seventy two, and then the

(07:11):
NASDAC down two point three one percent. Karneie of Canada,
the Prime Minister, said that the US tariff was disappointing
and acknowledged that some parts of this economy would be
heavily impacted, but he said negotiations would continue. And again
that was the big tone deaf Howard Lutnik, US Commerce Secretary,
who had been central to negotiations, so Fox News on

(07:32):
Thursday that Connie was tone deaf for saying this week
that canad would recognize Palastian statehood and move that anchor Trump.
So it's like, this is this is what we're doing
now to defend the Israeli government. Taiwan's President Laying ching
Liai ching Ti on Friday called the twenty percent tariff
frate on the US impost on imports from his country

(07:53):
temper and express hope that it could be lowered through
further talks. So essentially, bottom line is it seems like
these tariffs will continue their effect, They will continue their impact,
and countries have mostly decided to just play along with
the insanity here as the economies throughout the world, including

(08:13):
the United States as well, go down in the dust.
We saw those numbers that just showed you, But also
this is the jobs report, this is how this is
how it sounded at least on Fox News when the
new Jobs report numbers came out for.

Speaker 2 (08:31):
July seventy three, thousand jobs. Seventy three thousand jobs created
in the month of July. Number just coming out. That's
total four point two percent of the unemployment rate lined
with expectations. Here are the numbers for the month of July.
Jobs came in at seventy three thousand. That was lower

(08:54):
than the expectation, which called for one hundred and ten
thousand jobs. The unemployment rate right in step with expectations
at four point two percent. Steve Moore, your reaction.

Speaker 3 (09:06):
Look, I think this is all a result that this
disappointing number is the result of all the turmoil over
terroriffs and the trade wars.

Speaker 1 (09:14):
Oh oh really about two hundred Yeah, so there, Yeah,
you see him starting to get the reaction here. It
took only about two minutes though, from Maria and Company
to find someone else other than Trump to blame. Kind
of classic MAGA strategy. From this very weak July job support.
It's Jerome Palell's fault for not lowering the interest rates.

(09:35):
They say, tell you thirty three thousand private sector.

Speaker 4 (09:39):
I want to push back on it. I think this
is more about the Federal Reserve.

Speaker 5 (09:42):
Again.

Speaker 4 (09:42):
We got a bifurcated economy. The Fed is they have
a regressive approach here, right, They're trying to still clamp
down on this economy. But it's not working. It's hurting
just it's hurting seventy percent of the folks out there.
Look at delinquencies, look at all of the things that
are hurting the average household, I think, and also small
businesses coming into this year, the biggest question was how

(10:03):
would they ever refinance. We're talking about financing government that
how do we help the small businesses out there? There
are two economies. Defense looking at the wealth is folks
out there and thinking that means everyone, and I think
that's earning the jobs market more than anything else.

Speaker 2 (10:18):
That's a great point.

Speaker 1 (10:19):
Yeah, so there you kind of have some of the
cope from the Fox News side, but it really is true.
The US labor market has suffered a sharp slowdown over
the past three months. Fox News would like you to
think that, oh, it's just the fault of the Federal Reserve,
but there has really been some troubling numbers coming out
through all of these sectors. And the biggest thing is

(10:39):
the treasury yields have been coming As the revised figures
show the economy added just one hundred and six thousand
jobs between May and July, and what that means is
the June and May numbers were really revised down significantly,
so the one hundred and six jobs added from major
July mark to plunge from three hundred and eighty thousand
added in there three months. Friday's report came just days

(11:02):
after GDP data suggested the economy is losing momentum, with
consumer spending cooling under the first half of twenty twenty five.
And this was some of what we've seen with the
terrorists coming into effect. People really for the first entire
half of the year not knowing what the hell was
going on with the economy. You know, there was some
you saw in the stock market which was a lot

(11:22):
more of than kind of up to the minute reaction,
less delayed than say, you know, the jobs market would be.
You know, that was something that was much more forgiving,
and it was much more in the line of, oh,
you know, this is Trump always chickening out. It's not
going to be a big thing, you know, it's it's
it's not really worth worrying about in this whole broader situation.

(11:44):
But really on the business level, on the ground level,
what we see here with this Financial Times article is
that people didn't really know what to do. They didn't
know what to expect when it came to the broad
hiring picture here. So let's take a look at the
rest of this article. The unemployment rate was broadly stuck

(12:09):
from the previous month at four point two percent. Trump
had mounted an aggressive campaign urging FED chair Jerome Powell
to cut rates following the data release on Friday, too little,
too late, Jerome dropped the rates. The good news is
tariffs start bringing billions of dollars into the USS So
it's trying to justify a put a rosier picture on
his jobs numbers. There. Stephen Moran, the chair of the

(12:33):
White House Council of Economic Advisors on Friday, can see
the jobs report isn't ideal and said that it was
due in part to uncertainty around trade. Even if he
insisted in a CNN interview that is all going to
get much much better from here. So we can see
really the what is what I would say, without a doubt,
the worst numbers for Trump here in this entire administration

(13:00):
and the second presidency. Here and again, the key thing
that really caught a lot of people's eyes was yes,
this month was lower than expectations, but those revisions in
May and June driven by a decline in government hiring,
which was lowered by one hundred and nineteen thousand, largely
in state and local education, according to calculations by ormertur
If and Inflation Insights. Private payrolls were down by four

(13:24):
four hundred and thirty nine thousand, led by retail, leisure
and construction. Friday figures also showed a slagne in foreign
born labor force, which is drunk by one point two
million over the past six months, a trnth leader crackdown
on immigration, and a mass deportation campaign. Signs are mounting
that the foreign born labor force is shrinking due to
the immigration policies, said Nancy vand Houghton at Oxford Economics.

(13:46):
So to put it all together here, we are seeing
what is really a broader slowdown, you know, right in
the economic picture that is coming from really several sources,
including you have the the tariffs, which are really causing
a lot of consternation. With these revisions that have been
going down. There was a much much more expected jobs

(14:09):
that were said back at the time, oh, we hired
x amount of people in May x amount of people
in June that has been now taken way down as
people are getting a better picture of the hiring in
the wake of the tariffs and the wik of the immigration.
And yeah, that's the other factor there, the immigration, which
I found to be very very interesting. You know, people
are really not hiring in terms of the government as well.

(14:32):
Obviously the huge cuts there is driving a lot more
unemployment in the economy. That has tons of ripple effects
in terms of spending in GDP and how businesses are
doing and all that kind of stuff. So this three
pronged attack of destroying the federal government, destroying the immigration
labor force without any plan to supplement it, and these
tariffs which are also creating tons of uncertainty and decisions

(14:55):
that small, medium, and large businesses are making. That three
prong approach is really leading to a real erosion of
job growth in a way that really was not expected,
or it kind of flew under the radar the past
few months, but is really picking up attention and picking
up steam. Now. It's going to be really interesting to
attract these numbers month to month as these new tariffs

(15:18):
come into effect, something that we will continue to keep
a close eye on here in newsflash daily reports of
awful war crimes and crimes against humanity coming out of Israel, Gaza,
the West Bank on a daily basis, and want to
get you caught up here on all of the latest
on that. Let's go to this first quote and this

(15:40):
is about as war crime as it gets here from
Inamar Bankavir Minister for National Security. He's in the cabinet
and you can tell if you look at some of
the statements that Benjaminettnia, who makes in Hebrew, you know
he is really thinking along these lines. And these are
the people. This is a coalition within his coalition that
he is trying to appease, most especially with regards to

(16:02):
his plan for Gazen. This is why he was coming
out and apologizing for the fact that he had to
let in aid to appease the international community. You know,
it's because Netniahu was trying to keep people like in
our bank. If you're happy. He today reiterated his call
for establishing legal settlements in Gaza. He said quote, the
lesson remains clear and simple. In a post on Twitter,

(16:27):
we must go home to Gush Katif, Ben Grier said,
using a term referring to a group of seventeen old
Israeli settlements in the enclave. So this is where it's
important to say, this is where the Israeli government is at.
This is where their end goal is. They're trying to
re establish these settlements in Gaza and essentially find a
way so they can get away with it in the
international community. This is another one. This is here in

(16:50):
the West Bank. This is just more kind of an
exemplified situation of what so many people have to go
through on a daily basis and have been going through
for a long time. What you're seeing here on the
screen and what you're hearing if you're watching, is a
man by the name of Adham Awaizat who was displaced

(17:12):
and is now what you're seeing here is he's being
forced to demolish his own home. This is in East Jerusalem,
occupied East Jerusalem, and the government says there that the
occupation displaced four people, including the owner, which took place
under the pretext of building without a permit, And it's

(17:39):
really really could not be more just basically cruel. You know,
this is the kind of stuff that they do all
the time through every single facet of kind of Israeli
Palestinian interaction is to make sure that these people understand
that they have complete the Israeli government has complete and
total control over every aspect of their life. Everyone knows

(18:02):
that this you know, so called building without a permit
kind of pretext is just that it's a BS pretext
that has no bearing or relevance on anything. And nevertheless,
they continue, they do it anyway, They pushed through, and
the goal is to make sure that the Palestinians know

(18:22):
that they're in charge, the Israelis aren't in charge, and
that there's absolutely nothing that the Palestinians can do to
maintain or regain some semblas of humanity in their own lands.
It's really, really is unimaginable and is really a key
strategy of the Israeli government here. Meanwhile, the Israeli Army

(18:43):
has allowed six countries to air drop miniscule amounts of
aid into gods Or. The Israeli military confirmed that six
countries were allowed to drop one hundred and twenty six
humanitarian aid packages in the Gods's with the past few hours.
You know, as we've talked about here on the last episode,
that's essentially all for kind of propaganda purposes to appeasing
international community make it look like they're doing something to
avoid starvation with the oh, these big flashing air drops

(19:04):
that really don't come close to delivering the amount of
aid that Palestinians actually need. Meanwhile, they had to deal
with another the Israeli government, the IDF had to deal
with another bomb coming in from Yemen. As Yemen really
continues to be the only people that are acting in
accordance with international law, doing whatever they can by any
means necessary to resist Israel Steni side of Gaza. Meanwhile,

(19:28):
two indicators are saying now that Gaza is in famine,
according to the UNISEF official by the name of Ted
Shaybon in a media conference on Friday, and this comes
as Israel has killed sixty five palest Indians across Gaza
since dawn. This comes as the sources said that thirty

(19:51):
six people were killed and more than two hundred and
seventy were injured on Friday while seeking food aid. You
have some of the pictures here just above. Believe of
these Palestinians who were in these really awful aid or rushes.
You know, you know, thirty or so that were killed,
but one hundreds more injured. You know, it's kind of
obviously incredibly tough for them to find any sort of reliable, consistent,

(20:13):
actual medical treatment. And this all comes as there's more
and more kind of information and broader cultural acceptance coming
out about the starvation campaign that Israel has been launching
in Gaza and the extermination campaign that the Gazi Humanitarian
Federation backed by the IDF and the American government have

(20:36):
been launching at these aid sites in Gaza. And no
more so than this really incredible testimony from Anthony Aguilar,
who's a former US soldier who worked for the JHF,
explaining what happened when he came up with a Palestinian boy.
And you know, this really really is a but imaginaly

(20:58):
awful story, so be warned, but it's something that I
think as Americans, this is something we should know that
we are funding, we are underwriting one hundred percent, and
something that we should at least bear witness to.

Speaker 6 (21:09):
Boy, this is on May excuse me, May May twenty eighth,
on secure distribution site number two, the aid had been distributed,
a lot of people had left. You see behind there's
a crowd of people still with their boxes, kind of

(21:30):
getting ready to leave, and this little boy his name
is a Mirror, and he was standing, you know, he was.

Speaker 1 (21:37):
With the crowd.

Speaker 6 (21:38):
But he walks over, and you see that first picture
on the top right. He kind of walks over to
me and he puts out his hand. And at first
I thought like that he that he wanted more food
or something, and I felt bad because I didn't have anything.
But I was like, oh, I have nothing. And he
puts out his hand, and so I beckoned to come
to me. I said, you know, come here, and he

(22:01):
reaches out and he holds my hand and he kisses
my hand, kisses me. He kisses my hand.

Speaker 1 (22:07):
And he says, Shukron.

Speaker 6 (22:08):
You can see in this picture that this little boy
is not wearing shoes. His clothes are falling off of
him because he's so skinny. I put my hand on
his on his left shoulder, and I and I and
I looked at him and he's looking at me. We're
looking at each other in the eyes, and I say
to him, people care. You're a human being, and people

(22:32):
care about you. The world cares. That's not a Hamas,
that's not a Kamas fighter. And I looked at him
and I said the world cares. And he put down
his the little food he has. You notice he doesn't
have a box. He doesn't have a box of food.
He has half of a bag of rice that he

(22:53):
found on the ground, a broken bag, half a bag
of lentils that he found on the ground. And he
was thanking us, thank you. This little boy from where
he came from, walked twelve kilometers to get there, just
to get there, twelve kilometers. Look at this boy. And

(23:13):
when he got there, he thanked us for the remnants
and the small crumbs that he got. And he sets
them down on the ground because I was kneeling at
this point, and he sets his food down, and he
places his hands on my face, on the side of
my face, on my cheeks, these sprail skeleton ema shadd
hands dirty, and he puts them on my face, and

(23:36):
he kissed me. He kissed me, and he said thank
you in English, thank you. And he collected his items
and he walked back to the group. And then he
was shot at with pepper spray and tear gas and
sun grenades and bullets shot at his feet and in

(23:57):
the air, and he runs away scared. I was on
the inside of the site so there's a there's berms
that surround the site, so I couldn't see outside of
the site. So the last group of people, women and
children and small children and kids and children and babies
are leaving the site. And as they're leaving the site

(24:19):
and they get to the next intersection, I hear I
hear machine gun fire. It startled me because I didn't
know what was going on. So I ran up to
the berm. You see the berm behind him there. I
ran up to the berms so I could look, so
I could look. And I run up to the berm
and I get down and I'm and I'm kind of
like in a in a covered position, and I'm looking like, oh,
what's going on? I thought we were being attacked and

(24:41):
the IDEF were We're shooting at the crowd, and I
want to point this out. When they left the site,
the road to leave the site is covered on both
sides by a berm.

Speaker 1 (24:56):
The IDF essentially a big hill.

Speaker 6 (24:58):
All the IDEF gets to see from where their position
is is that as the civilians come out and they
hit that man corridor, they don't if they're shooting warning
shots to control the population from going east. They can't
see on the other side of that burm, and they
don't even know that. They don't know that they can't

(25:19):
see that because they didn't you know, they don't they
don't have control the sites. They have to stay away
from the sites. So they're shooting to control the population
that's along the Mirod corridor. And as they're doing that,
they're shooting into this crowd, shooting into this crowd, and Palestinians, civilians,
human beings are dropping to the ground getting shot and

(25:42):
a mirror was a one of them. A meir walked
twelve kilometers to get food, got nothing but scraps, thanked
us for it and died.

Speaker 1 (25:51):
We yeah, I mean, it's it's really unimaginable. And this
is stuff like that has happened every single day to
tens of tens, hundreds of people in some cases, every
single day for the past two months at this point,
ever since JHF has stopped operating, and you know, there
there has been efforts in the International Criminal Court and

(26:12):
you know, other places of international justice to try and
hold people accountable for this, led by Kareem Khan that
the Israeli Army, and there's really intelligent services and massade
have done everything in their power to try and stop,
to try and withdraw these arrest warrants and try to
essentially capture the independence and neutrality of the ICC. This

(26:34):
is a really an instane story here from Middle East.
I Ramasong investigation can now revealed that Khan's Israel probe
was derailed by threats, safety fears over a massad team
and the Hague and leaks over sexual assault allegations. So
essentially this was a massad sneer that he essentially sexually
assaulted somebody. That's what That's the level that they were
willing to go to try essentially to get this. These

(26:56):
arrest warrants against Benjamin and Yahoo and you have Glant
and all those people killed and essentially taken away or
withdrawn here by the ICC. Kan went on indefinite leave
in May after an attempt to suspend him amid you
an investigation into misconduct allegations. Pressure on CON started to

(27:18):
build in April twenty twenty four as you're prepared to
apply for the warrants, then again in October before judges
issued the warrants and intensified this year as CON was
reported to be seeking war warrants. Our investigation can reveal
that in April twenty twenty four, weeks before Khan applied
for the warrants for net Yahoo and Kalat, then British
Foreign Secretary David Cameron privately threatened Con that the UK
would defund and withdraw from the ICC if it issued

(27:40):
warrens for Israeli leaders. I mean, it's just it's unconscitable,
it's unconstable. It's a complete disrespect and no phrase meaning
international law, international humanitarian law, human rights, whatever should ever
come out of the mouse of these people, because it's
just it's it just does not work, you know. Lindsey
Graham also threatens Cohn here with sanctions if he applied

(28:02):
for warrants. Before the allegations were made, Kan had received
security briefing that Masad, Israel's intelligence agency, was active in
the Hague and posed a potential threat to the prosecutor.
We can reveal details about correspondence between Con and the
woman accusing him of his conduct, which appears to raise
questions about some of the previously reported claims about the case.
She wrote in May twenty twenty four and text messages
to Con that games were being played and attempts to

(28:23):
make her upon in some game I don't want to play.
Two internal ICC investigations into the allegations were closed after
she refused to cooperate with them. The complaint previously sought
and obtained Khan's help. Complainant had previously sought obtained Cohn's
help in another complaint against a second senior ICC official.
This was during the period in which he later alleged

(28:45):
Khan had repeatedly sexually assaulted her. Thomas Lynch, Khan's special assistant,
played a key role in making the allegations against con official. Privately, however,
Lynch had expressed his own doubts about the allegations to
CON's wife and said that the timing was suspicious. So
essentially Massad and who knows who the hell else got
them to turn on all cons staff. Kareem Khan again,

(29:08):
there's the chief prosecutor at the ICC who is doing
these rest warrants against you, have the law Benjamin Yahu
and other top officials in the Israeli government. He gets
all these people to turn on his own staff, to
turn on him and put out these bogus allegations to
discredit Con. A female ICC lawyer said a group of
people within the ICC were working discredit con. She said

(29:28):
she was approached in May twenty twenty four and asked
if Khan had ever behaved inappropriately toward her, saying and
she said quote, I told him he is the last
person on my list of men who would do that.
Con was worn in May that if the rest wants
were not withdrawn, he and the ICC would be destroyed.
The warning was delivered by Nicholas Kaufman, who is a
British Israeli lawyer. He had said he had spoken to
Dante was legal advisor and was authorized to make him

(29:50):
a proposal. So really just crazy here, how they're mobilizing
these citizens of these other countries to do Israel's dirty
work for them. This was just two weeks before Kan
was forced to go leave after his public revealed that
he was under investigation over sexual assault allegations. There is
no suggestion of any connection between the Kaufman Khan meeting
and the publication of the allegations. We've contacted the people

(30:11):
discussed in the story, and the responses have been quoted,
which I urge everyone to read as part of our
our investigation. We spoke to sources with knowledge of the
affair and reviewed material understood to be relevant to the
investigation into the allegation currently being conducted by kind of
internal investigators in the UN. Two former ICC judges told

(30:33):
us they great concerns about the way the investigation was conducted,
questioning why the prosecutor was publicly named as a subject
of complaint and the need for an external investigation into
his alleged misconduct. Former ICC judge Carl Carlo Tarfusser said
that he believed con was being made to pay a
price for his independence and intellectual honesty, together with his

(30:53):
imperviousness to outside solicitations. And boy oh boy, to certainly
seem like that, what is the case really? Just an
incredible story here, uh, and as through so many different avenues,
so many different venues, UH, Israel and all the countries
and supports the US, the UK as well have completely

(31:14):
sacrificed any shred of humanity, any shread of respect for
international law and just basic morality that they had in
the first place. It's important that everybody knows about it.
Donald Trump is freaking out this week after a proposal
to ban congressional and elected stock training passed out of

(31:34):
committee in the Senate. This is again, this supposedly the
drain the swamp Party, the bringing decency and getting rid
of corruption in Washington, d C. You know, they've been
making fun by the way of Nancy Pelosi for these
high returns and doing so well on the sock market,
which she completely has. She's been insider training ridiculously. It's

(31:56):
there's no doubt about it. So Holly introduces the Pelosi Act,
which is a stock trading ban that was originally supposed
to be just for Congress members, but then for reasons
that we'll get into, he goes and extends it to
the executive branch. Let's take a look at him on

(32:16):
the Senate floor, or at least in the committee rooms,
introducing this spell.

Speaker 5 (32:21):
We have an opportunity here today to do something that
the public has wanted us to do for decades, and
that is to ban members of Congress from profiting on
information that frankly, only members of Congress have in the
buying and selling of stock. Eighty six percent of Americans
say that members of Congress should not be able to
buy and sell shares of stock individual stock while they

(32:44):
are members of this body, and they are absolutely correct.
And the reason the point I see it, there was
just another ethics referral in the House last week. We've
seen the former Speaker of the House make millions of
dollars in profits. We've seen members of both parties, I'm
sad to say, the investigat for their stock trades. And
the reason for all of this is is that, quite frankly,
members of this body are privy to information that the

(33:06):
normal person just is not. Now is that insider trading?
It is not under the laws. Sometimes people say, what,
we already have insider trading laws, we don't need a
stock band. Well, the information that members of Congress are
privy to is technically not covered by the insider trading laws.
But nobody really believes that the information that we get
isn't valuable. It is quite valuable.

Speaker 1 (33:27):
So there's Josh Holly essentially saying why this bill is important,
and I think, you know, it is always interesting to
see him kind of go on his quest to be
the one genuine populous Republican in the Senate or even
in the Republican Caucus in the House and the Senate
in general, and only just be met with just tons
and tons of backlash from all of his incredibly corrupt colleagues, like,

(33:49):
we'll show you here in this instance, and the thing
is again Holly's rigual bill. He wanted to get the
Republican support, he wanted to stay within his own party.
It only targeted Congress, but his fellow Republicans wanted to
trade stock so badly they just wanted to keep profiting
off of that privileged information that they again completely spent
the last two to three years saying, oh, only Nancy

(34:09):
Pelosi does it. We got to stop Nancy Pelosi with
his stock trading again when they all essentially do the
same thing. So Holly knows he never get any votes
on the Republican side or newly enough, so he turns
the Democrats and said, Okay, if I include the executive
branch in this bill, and if I include the Vice
President and the President namely, will you vote for it?

(34:31):
And they said yes, So it passed with only dem support.
Holly voted for it, and it passed essentially long party lines,
plus Josh Holly voting for it out of this committee.
And the bill would have required immediate sitation of new
trades and would require selling off of current stock at
the start of each elected officials new term. So whether

(34:54):
you're being a House of Representative member or your president,
Donald Trump, you have to start nine days after this.
An actor, you've got to stop all new stock purchases.
But then when you get reelected, then you gotta start
selling off all the stocks that you currently have. Yeah,
all it would have done for Trump was to stop

(35:14):
him from buying any new stocks because he isn't running, right,
you know, let's hope so he isn't running for a
new term. After the passage, Trump was kind of fine
about it. He was he was kind of chill about
it because it seemed like, at least for the moment,
it seems like he didn't really know who it applied to.

(35:35):
Let's take a look Congress.

Speaker 7 (35:37):
From only retreating individual stocks that it sends to the
president and vice president. Well, I like it conceptually. I
don't know about it, but I like it conceptually. And
you know, Nancy Pelosi became rich by having inside information.
She made a fortune with her husband, and I think
that's disgraceful. So in that sense, I'd like it, but

(35:58):
i'd have to really see the i'd have you know,
I studied these things very carefully and this just happened,
so I'll take a look at it. But conceptually I
like it.

Speaker 1 (36:07):
And what I do.

Speaker 7 (36:08):
Think is Nancy Pelosi should be investigated because what she
has the highest return of anybody practically in the history
of Wall Street save a few. And how did that happen.
It happened by she knows exactly what's going to happen,
what's going to be announced, You buy stock, and then
the stock goes up after the announcements.

Speaker 1 (36:29):
Yeah, just like we know, you're not any different than
Nancy Pelosi, like she did all this stuff. True, but
look at what the tariffs. You have Charles Schwab, and
you have all these other insiders in the White House
just waiting for Trump to fire off a crazy tweet
that'll swing the market wildly one way or the other.
This was going on for months during the original tariff
rowout period, and a bunch of people made a bunch

(36:51):
of money off of it. So it really is kind
of ridiculously hypocritical. And you can kind of see where
this is going because after he finds out that the
is going to apply to him in I guess more
ways than he thought ahead of time, he goes off
on Josh Holly on truth social Why would one Republican
Senator Josh Holly from the Great State of Missouri join

(37:14):
with all of the Democrats to block a review sponsored
by Senator Rick Scott and with the support of almost
all other Republicans of Nancy Pelosi's socks training over the
last twenty five years. The information was inappropriate released just
minutes before the vote, very much like sabotage. The Democrats,
because of her tremendous achievements and success, have been trying
to target me for a long period of time, and
they're using Josh Holly, who is essentially as who I

(37:36):
got elected twice, by the way, as upon to help them.
I wonder why Holly would pass a bill that Nancy
Pelosi is an absolute love with. He's playing right into
the dirty hands of the Democrats. And by the way,
she's like eighty five eighty nine, like she's not gonna
be She's made all her money, that's why she supports it.
She already got in on the good side. But she's

(37:56):
essentially taking advantage of this trap in ability to make
the Republicans look like completely corrupt hypocrites on this on
this situation, yeah, he said, he's playing right into the
dirty hands of Democrats. It's a great well. Really, Trump
is playing right into the dirty hands of Democrats with
this one. It's a great bill for her and her
husband love he puts husbands in quotes, but so bad

(38:18):
for our country. I don't think real Republicans want to
see their president, who has had unprecedented, unprecedented success targeted
because of the whims of a second tier senator named
Josh Hawley. So there you have this whole kind of
attack here. This is, you know, really the cope on
this from Holly was really classic. It was the classic

(38:40):
kind of GOP cope, which is it's not Trump's fault.
He just had other people that were leading him astray,
like you don't understand he wants to ban stocks. He's
really he's a really good guy, you know. And the
quote from Holly was was this. What he said is
that a number of people all him and say that

(39:01):
the bill had changed at the last minute to force
him to sell mar Alago and that's with all his assets,
which is the course totally fault. So Holly says, oh no,
it was other Republican senators that got in his ear.
And said, oh, you're gonna have to sell more alog
or something crazy, which the bill never really did. You know.
To be clear, there were senitors like Ron Johnson and

(39:22):
Ran Paul who were making these ridiculous arguments against stock
training on the floor of the Senate. Here, let's take
a look at this. This is really the most mind
blowing one right here. This is from Ron Johnson.

Speaker 8 (39:37):
You could relabel this law, quite honestly, the Career Politician
Protection Act, because it'll make it so unattractive for people
to give up their business sell it unless the some
ethics committee says, oh no, there won't be a conflict
of interest. I mean there's there's when we pass a
tax law that lower's tax rates, we all benefit. It's

(40:00):
just an inherent it's just an inherent issue. So again,
we have plenty of protections. We have the disclosure. This
is a completely unnecessary piece of legislation. It's going to
create all kinds of unintended consequences. Centator Scott just pointed
out one of them, just one of them.

Speaker 1 (40:18):
Really, it is kind of crazy stuff because it's really
not doing this is the Career Politician Protection Act, because
career politicians can just explode their net worth by standing
around trading stocks up privileged information, just like Ron Johnson
has gotten filthy rich from doing And here is Ran Paul.
He's got a pretty crazy thing to say here talking
about Trump running for a third term and how this

(40:40):
may affect him if he decides to run for a
third term, because they don't have to sell off his assets.
So you can imagine he was probably the one picking
up the phone and trying to turn Trump against this bill.
In Holly's telling.

Speaker 3 (40:52):
I think we're going to discourage good people, successful people
from holding office. Part of the bill I do believe
would forbid the president immediately from buying and selling stocks,
and it would exempt him from the divestit your part.
Future presidents wouldn't be allowed to own things. So Donald Trump,
oh no, you know, some say he might run for
a third term, but he would be forced to divest everything.

Speaker 8 (41:14):
He would have to sell all of his possessions. And
I think Donald Trump's.

Speaker 9 (41:18):
Got a complicated, probably financial empire, and a lot of
people just wouldn't want to sell it or get involved
with all of that. You also don't want to sell
it during a downturn. There's a lot of reasons we
would discourage successful people. And I frankly think that some
of the success of Donald Trump being president is that
he was used to the world of high finance, used
to making deals with large amounts of money. And I

(41:39):
don't think we want to discourage people like that from
holding office.

Speaker 1 (41:43):
Yes, it's really pretty crazy. He just trying to hold this.
Donald Trump is so successful. We don't want to discourage
some genius like that. Like, if you can't bear to
not be corrupt, then we don't want you to pursue
public office. Do we want to pursue public office if
you actually want to make change and you're not focused
on making money. You know, maybe if people you know,
the thought was, you know, with getting having people like

(42:05):
Donald trumpkin in the office is like they have enough money,
they're not gonna need to be corrupt. This was Trump's
pitch right in twenty sixteen, Train the Swamp, I'm different,
all this kind of stuff, and now we see he
is just as bad as all the rest of them.
And Paul really likely played to Trump's kind of any
desire to run for a third term to make Trump
afraid that he'd have to invest, which isn't even true.
Because unless he does run for a third term. You know,

(42:28):
but now is really the time for Trump to prove
Holly right on this. The bill that passed through the
committee would ban him from training stocks on with every
other elect which is something he claimed to support. He said,
oh yeah, all sign of a stock band bill. You
know Pelos, who's done it really bad? Alsign the bill.
He claimed to support. This situation, he wouldn't be affected
by the investment part unless he tries to run for
a third term, which is something that he should probably

(42:50):
make clear if he's can try and break the constitution,
should probably make clear to that for Americans at least
ahead of time. So the question is will he support
the bill and bring Congress in line, or will he
continue to profit off of meme stocks and all the
other things He's made forty percent of his current net
worth he made in his second presidential term. He's really
especially this term just catched in off of the Oval Office.

(43:15):
The only reasons that he would not support this bill
is a he wants to continue trading off of insider
info and or b he wants to run for a
third term. Only time will tell, And you know, I know,
Trump's uh with Trump's sterling moral character, you know, I
won't be holding my breath for anything too crazy or

(43:37):
too remarkable on that one. Donald Trump's cover up of
Jeffrey Epstein and all things related to him is continuing
a pace. We also have this really interesting story that
just come out, really two interesting stories on the subject
that have just come out right as we were recording
the show, and I really did have to talk about them.

(43:58):
So here they are. This is the headline from Bloomberg.
The FBI redacted Trump's name in the Epstein files. This
is from Jason Leopold, who really goes through these FOYA requests.
So Freedom of Information Act essentially for the way for
reporters and other private citizens to get information about what
the government is doing, and they couldn't request it, and

(44:19):
there's certain exemptions, but they if they request it within
a certain timeframe, they have to go out and release
the data, and obviously some of it can be redacted.
He says. Everyone knows from news reports that Trump's name
was in the Epstein files, but what we what hasn't
been reported, is that ai FOYA team redacted Trump's name
and the names of other prominent public figures from the documents.

(44:40):
According to three people familiar with the matter who are
not authorized to speak with the media, the team at
tasked with conducting a final review of the voluminous cachet
or cash, whatever we want to say it had applied
the redactions before the DJ and the FBI concluded that
last month that no further disclosure of the files would
be appropriate or warranted. And you know, to that, I say,

(45:04):
we can be the judge. You know, we could be
the judge of that. I don't think you get you
guys have earned yourselves the credibility to make these really
broad wide determinations. I don't know. Maybe maybe I'm just
you know, bark and bark and mad here. But you know, obviously, right,
protect the names of victims, protect their identities, but these
people don't need to have their names redacted. They're very

(45:25):
powerful people. And if people are not people can come
through these documents and if they're not involves, and if
they don't look like they're doing anything shady, they're not
doing anything shady. You know. Al Gore is a great
example of this. He is in the files, and he
was in contact with Jeffrey Epstein. He was at an
Epstein event. According to the testimony of Virginia Druffrey, who
is one of the main first, really incredibly brave Epstein accusers,

(45:51):
and she said that, wow, you know al Gore, he
was there with Epstein, but he was just hanging out
with his wife the whole time. And I thought, oh,
what a good guy who loves his wife so much.
I even vote for him. So you know that al Gore,
of all people, got an endorsement from from Virginia du
Frey for being in contact or because I guess he
was in contact with Jeffrey Epstein and his name showed

(46:13):
up in Empstein clouds, like that's that's the case. In
pointant is like you can release this stuff and people
have the intelligence to comb through this stuff and determine
if you know, it was just wrong place, wrong time,
like someone like Al Gore or like you know, Bill
Clinton and Donald Trump. There was a lot more there
that needs some investigation. But in terms of the legal

(46:33):
elements of this, terms of why it was actually redacted.
From the government's perspective, Trump was a private citizen when
the Epstein investigation took place, and therefore is entitled to
privacy protections, and apparently there is a pretty long history.
You know, for example, they held back information on you know,
Kalie Sheik Muhammad on Foyer request because he was a

(46:55):
private citizen and under the same determination that they're now
using to hold back information from Trump. So there is
a long history of doing that. But it's certainly something
that the executive branch and the power of the presidency
can push through, and I think it's very telling that
they are not interested in it at this time. And
this comes here as we're seeing a reaction from Donald

(47:18):
Trump and from Virginia Giuffrey as we hear some pretty
crazy news about the pardoning of Jeffrey Epstein. So here
is or sorry, excuse me, of Glenne Maxwell after she
met with the Feds last week for an interview. So
here is Virginia Geffrey's family talking about that possibility and more.

Speaker 9 (47:40):
I think we were shot by especially we use the
term stone.

Speaker 5 (47:52):
Because she's not an objects a person. She was recruited
by Maxwell.

Speaker 1 (47:59):
It wasn't stolen and she was recruited.

Speaker 6 (48:02):
Cvious News Justice correspondent Scott McFarland is following all of this.

Speaker 1 (48:06):
Yeah, So it's it's a very very fair point there,
and can see the anguish there from that's Virginia Giuffrey's brother.
And then here's Trump's latest comments about his really insane
thing about oh, he stole her from me from mar
A Lago A spot like it was very objectifying to
say the least.

Speaker 7 (48:25):
I said, if he's taken anybody from mar A Lago
he's hiring or whatever he's doing, I didn't like it,
and we throw him out. We said we don't want him,
you know, at the place. This is the story that's
been known for many years, as you know, but it's uh,
I didn't like it that he was doing that.

Speaker 1 (48:45):
Yeah, so it's like, we get the idea. As they
spoke with We get the idea. So this is yeah,
no more comments there from Trump. But this comes as
Glenn Maxwell is moved to a federal prison in Texas.
She has moved again and according to a source fail
with the Bureau with records from the Bureau of Prison,
so she is now at federal prison Camp Brian and Brian, Texas.

(49:09):
The move comes a week after Maxwell met in private
with Deputy Attorney General Todd Blanche at the US Attorney's
office in Tallahassee. Details of that have not been made
public though her lawyer has said that Maxwell honestly answered
every question that Blanche asked, and they've said, you know,
Oscar Marcus David or whatever the hell of that guy's
name is, has come out and said very clearly that
we need immunity for Epstein or sorry, for Maxwell to

(49:32):
testify any further. Otherwise she's just going to plete the
fifth So can the government for a testimony that would
be exonerating towards Trump? Are they going to push for that?
Are they going to push for immunity to just essentially
have Maxwell come out and say, you know, Trump's name
is clear, but maybe there were some other stuff about
you know, Bill Gates or Bill Clinton or something. I
think it's very possible. It's definitely something with this moving

(49:53):
around of a prison is definitely something to worth to
to keep it, to keep a very close eye, and
it's worth the w watch, to say the least. Maxwell's
publicly levied that attention to try and work with the
government in several respects her meaning Blanche lasted two full days.
She has also offered to testify before Congress in major

(50:13):
conditions of matt including community and receiving the questions beforehand.
So that sort of response. That was a response to
James Comer who called her to testify in front of Congress. Yeah,
so it really has been a bunch of very very
sketchy stuff, and I think, you know, there really is
no other way to say this. Then it seems pretty
clear a cover up is going on with the Trump

(50:35):
A ministration. He got these thousands, hundreds of thousands of
documents that have been kept from the public guy that've
been redacted, and we know that there was names of
publicly or the names were in there of Trump and
other very powerful people. And I don't just care about Trump.
I'd like to know what Trump was doing, but I'd
like to know what everyone was doing this situation. How
did this thing work, who is involved, what did they?

(50:57):
You know, how did this whole system work of filming
people and blackmail and everything like that. I think the
American people deserve to know about that kind of stuff
that some of the most powerful people in global society
were doing. And then you have not only Trump being
redacted and taken out of these Epstein files, which weren't

(51:18):
even released in the first place, you now have this
very suspicious meeting with Glegh Maxwell that Trump is now
trying to pursue instead of releasing the files. And it
looks more and more with this prison move and with
other signs like she is going to By the way,
she's already gotten partial immunity from the federal government for

(51:39):
this testimony, some sort of a reduced sentence, according to
ABC News reports. I think so it's looking very very
strongly like she in exchange for some sort of testimony
that exonerates Trump and puts the blame on more kind
of democratic line fingers could get away on this completely.
And it really really is incredible to see how far

(52:02):
Trump has has gone from this sort of protector and
this fighter against the pedophiles in this maga imagination to
somebody who is completely from the hidden files that he
redacted his name out of and redacted the names of
a lot of other powerful people, you know, him taking
those powerful names out of the files and not even

(52:22):
releasing the files in the first place, and then essentially
moving towards giving Maxwell a eliminated immunity, moving towards a
potential pardon, and moving prisons, which many people are saying
is indicative of a potential pardon for a testimony and
exonerates Trump. It really really is incredible the evil and

(52:44):
the willingness to cover up for this stuff that Trump
has shown over the last you know, however, many weeks,
really the whole entire month of July, when this story
really has been going off, so really critical updates as
this cover up of this Epstein crimes continued. Yes, that
is all we got for you today. We'll be back

(53:05):
at the beginning of next week. All clips will be
out on YouTube by six o'clock Friday. Go check them out.
YouTube channel's name is Spencer Walsh and we'll see you
beginning next week. It's flush