Bill Meyer Show Podcast - Sponsored by Clouser Drilling www.ClouserDrilling.com - 03-07-25_FRIDAY_6AM

Episode Date: March 7, 2025

Trump reset coming? Some financial brains saying DJT will really be about taking us out of bankrupty and a new money system. Rick Manning from Americans for Limited Government on this and other DC swamp topics.

The Bill Meyer Show podcast is sponsored by Clauser Drilling. They've been leading the way in southern Oregon well drilling for over 50 years. Find out more about them at clauserdrilling.com. Here's Bill Meyer. So glad to have you here this morning on Find Your Phone Friday. A little bit of open phone time as we noodle through the headlines and more. 7705633, 770KMED, the email bill at bilmeyershow.com. Of course, coming up we have our usual Friday fun people and informative and kind of digging

into stuff. Rick Manning. Of course, you know, Rick and I talk a lot about the stuff that's sort of serious as a heart attack when it comes to Americans for limited government, what's going on in DC, but the DC swamp update. We look at the absurdity of it all. And something that I've been reading from Doug Casey, Doug Casey's a noted financier. I wanted to run it by Rick and

this is why I wanted to run it by Rick because he put out a piece, a long piece, now naturally they try to get people to sign up for investment advice and everything else. I'm talking about Doug Casey's International Man, I think, is the website that I was reading this on. But it intrigued me because it explains a lot about what I'm seeing and what we're all seeing, I think, with... And of course, some of it looks kind of chaotic right now between Doge and whipsawing back and forth. We're going to fire workers, we're going to do this. Okay, we're going to sell off the federal buildings. Okay, now we're going to take them off the market for the time being. So, you know, you're seeing a lot of this. But what Doug Casey wrote, and it intrigued me, and it's making more sense to me, you know, I'll bet listener Matt

will call in because, Matt, you study this kind of stuff. I know that you'd probably appreciate this. Because Matt, you study this kind of stuff. I know that you'd probably appreciate this. But what Doug Casey was talking about is that we're in the process of a great reset right now or a Trump reset of the federal government right now. And they're still trying to figure this out, but in essence, Doug Casey making the case that Donald Trump is the perfect president to be president right now because he has been very successful about reorganizing and bringing places out of

bankruptcy. He's done it many times. bankruptcy. He's done it many times. And the main piece that Doug Casey was trying to get across is that the United States is functionally bankrupt right now by, you know, just looking at the mathematics of the situation. Thirty-six, thirty-seven trillion dollars in debt right now, spends more than six trillion dollars a year, but only brings in four trillion dollars in taxes. And how long can you keep doing this? How long can you keep doing it is what Doug was talking about.

And what you see with Donald Trump is that Donald needs to to make the United States dollar not the world reserve currency. And I thought it was really interesting. We've talked about how having the reserve currency is a great privilege. And it is early in the game and we've been what the reserve currency really ever since World War II, we were the last people left standing in essence. So the last people left standing, we had the gold etc etc, and so the dollar ends up being the the international reserve currency. That's the the currency that everybody agrees on however because of that as time goes

on the way Doug Casey explained it in his piece and I thought it was quite fascinating when you have the reserve currency like the United States has your currency your money is too valuable your money is too valuable. Your money is too valuable and there is no way that you can be a great exporter of goods. You can't build stuff and make stuff and sell a whole bunch of stuff to other people and get wealthy and do this and keep your people working because nobody can afford to buy it in dollars. Nobody can afford your stuff. That's why all of our factories, through policy, through

Federal Reserve Currency and trade policies and everything else, that's why they send everything out to Mexico, they send everything out to Vietnam, they send everything out elsewhere Mexico, they sent everything out to Vietnam, they sent everything out to, you know, elsewhere in order to be able to keep going, be able to be a going concern. So all you can do is import lots of stuff and run huge deficits. And that's exactly what the United States has been doing. Now you could only do that for a while. At some point, at some point, you can't keep spending more than you take in.

You just can't. And Donald Trump recognizes that that's where we are right now, and that's why there's all this focus on Doge. And also, what was most important from Doug Casey's piece was that, and there has been some open talk about it, but it hasn't gotten a lot of play. The whole idea is that Donald Trump is getting ready to reset us into a sovereign wealth fund type of thing, in which we kind of do the best things that China did. Honestly, taking a page from the China playbook. It's really interesting.

I think I might just have to share this. Now, of course, he's pitching investment advisement services. I don't know if I'm going to do that, but the case that he was making that Donald Trump is in essence here to reorganize the United States and work us through bankruptcy is a really interesting point of view view and it makes a lot of sense. And part of having a sovereign wealth fund means that you put the assets of the United States government to work.

And I was thinking about what would that mean for the state of Oregon and California and the West Coast. And I'm speaking about some of the assets being public land and forests, right? Think about how we treat the forest right now because of environmental policy. What do we do with that right now? Essentially, every square inch of public land around us is a burden. It's a huge burden on us because we're told you can't do anything with it, you can't harvest the timber, the environs have it all locked up, the senators, the Fedators don't want to

have anything done with it, and so we're going to burn these public lands to a crisp every summer, choke us with wildfire smoke, and on top of that expect the federal government to pay lots of money for firefighters. And or the professional arsonists who will say, we'll do a little collaborative burns around the margins here, you know, the Ashland watershed, and that will keep us safe, which is baloney. There's really not much evidence in this. or we're going to put fire on the landscape like the Native Americans did.

We're going to burn our forest to a crisp. It's kind of nonsense, but these are sort of the fake things kind of like dudes in dresses can go inside bathrooms and be accepted as women. That's sort of nonsense that has been going in here. So essentially, what Casey is saying and his theory, and I'm going to run it by Rick, because I think it's a good theory. It makes more sense to me than anything else, is that Donald Trump is going to be involved in essentially taking us through bankruptcy

and keeping us from just being completely liquidated. Because we're already effectively bankrupt and Donald Trump knows it. Donald Trump knows it. This has taken decades to get to this point and you can't keep being the reserve currency because we can't keep having those trade deficits. We can't keep not making stuff. We can't keep not having people being productive. And that to be a free American means you just have the ability to take funny money and import a lot of cheap Chinese goods. And then we're all gonna be fine.

Everything's gonna be fine. We just keep doing this forever and running two to $3 trillion deficits each year and running up the national debt. You just can't do it. So you're looking at them trying to sell off federal court buildings here in Medford, which I guess has been put on hold, you know, is what I'm hearing. This all seems to be part of this,

even though it looks kind of chaotic at this point, part of a different kind of great reset. Effectively what we have are two arguing visions of the great reset. Now we've talked about the great reset that the bug eaters, you know the bug eaters like Klaus Schwab have been all about. Eat ze bugs, live in ze mud hut, and you will enjoy ze bugs. Eat ze bugs, they are very nutritional for you and live in the mud hut, and you will enjoy the bugs. Eat the bugs. They are very nutritional for you and live in your climate friendly, equitable community. This is something where the left has kind of gone all in on. This is

what they want. This is the whole thing about the climate scam, everything else. It's all connected with that. And that's their vision of the reset in which we're poor, miserable, and broke. While of course the elite, the oligarchy, is still able to have their shrimp fests and meat, you know, that kind of thing. And then you have Donald Trump that realizes that, yeah, we're broke right now. And so we have to put these assets to work and we're going to have to do the big the great reset that way and then you have another version of the great reset which is over in europe the way i'm kind of interpreting world events which is we're broke, our warfare or our warfare welfare states are broke and so we need a big world war to bail us out. That's kind of what they

seem to be wanting to do. That's why I think they want to to go to war with Russia against Ukraine so deeply. I kind of think that. I'm not an expert on this so that's kind of how I'm seeing it. That's kind of how I'm seeing it. And then I'm reading Doug Casey saying, hey, this is what we're starting to go through here. And when it happens, it's going to happen really fast. He's calling it like Trump's great reset. It's going to be Trump working us through bankruptcy because we're already bankrupt.

And so we have to be reorganized. And to make America great again, you have to get America out of bankruptcy. And we're functionally bankrupt right now. I thought it was pretty interesting. 7705633. I know it's kind of deep, but I just thought it was interesting. You know, hey, this is where we're going, you know. I think it explains a lot.

Hi, good morning. This is Bill. Who's this? It's Friday morning. Good morning, Bill. Hey, Tom. How are you? How are you? Doing fine. It's very fascinating what you were just saying there. And as you were saying

that, I'm right in the process of writing a response to article Luke Rockwell, to the guy who wrote about the gold and Fort Knox. And I want to read two sentences I just wrote. Could money creation be managed like a public commodity with full and open books, somewhat like bridges and roads, no more theft, stealing by runaway inflation? Is there any group of honest economists currently working to make as painless as possible a transition

to an honest money system? So, you know, you're in sync here. Yeah, yeah. Now, I don't know if there's anything like that, but the one thing that I think that Doug Casey was right about is that, you know, the way it is right now in which we, our main export, is sending dollars around the world, right? That's what we tend to export more than anything else. And then nobody can afford to buy the stuff that we would like to make and sell to the rest of the world. So we end up making

the rest of the world our, you know, our manufacturing bases, which of course doesn't really help our own people in the grain, in the grand scheme of things. We're all sitting around here fat, drunk, and stupid. Exactly, and you know I think the system has gone as far as it possibly can. And I think this, you know, useless, senseless, immoral war that we've funded in Ukraine, it's finally broken the back of this whole fraudulent monetary system. And I think, and what I, I listened to a talk by Sheriff Zickler a couple days ago, and the idea that Jackson County is struggling to just have a functional jail system, it's on the edge of bankruptcy itself because there's not enough money to fund it.

And I kept thinking over and over again why in the world we sent $350 billion to Ukraine, but we can't even fund a functioning jail system here. Well, yeah. And by the way, the way I'm looking at it, what's happening in Josephine County, Josephine County has had to reset and has offered buyouts for some employees because it's hitting them a lot earlier. Jackson County has higher reserves. Danny Jordan, I think, along with the commissioners have done a great job in preparing us in some ways. But, you know, and when it... But still, you know, I guess what I was gonna say before I cut you loose there on that is Jackson County

is probably about, I don't know, two to four years behind where Josephine County is. I mean, fiscal reality is catching up with everybody. Jackson County is better protected and better reserved than Josephine County at this point. It's larger, richer, that kind of thing. Well, I have in my mind a whole different taxing system and a monetary system that could be worked out. I think most taxes should be collected and spent locally.

It's a complete rejection of the IRS system, and that the states would after that give money to the federal government for its federal purposes. For the true federal purposes. And that's why there's this talk about shutting down the Department of Education, all these other things. It's nothing that needs to be provided federally. And now of course that means in essence, you will be paying more of your money to the state governments and the county governments and less to the federal, and then the federal ends up shrinking. But I also think, though, that Casey's talk that Trump's reset involving the sovereign

wealth fund in which the federal assets that are currently on the book need to actually be productive and working. And I think that's wise and because there's a lot of dead wood, no pun intended, in the federal system out here in Oregon. Yeah, we either solve this bankruptcy problem or as I've often said, we need to either bust the Federal Reserve or the Federal Reserve is going to bust us. We've come to that point of there's no going back. Yeah, it can't be ignored. You're not going to be able to paper it over for much longer.

And I think President Trump must realize that ultimately. Yeah. But of course, he can't come out and say that. He can't come out and say that. But anyway, good talk. Not yet. Good talk. And I appreciate that, Tom.

Thank you. 7705633. Like a pretty thought-provoking piece that I was reading, right? Anyway, hi, this is Bill. Good morning. Who's this? Welcome. Bill, it's Jerry.

Hi, Jerry. How are you? I'm doing well, thank you. Good. What's on your mind? I heard you mention Casey. I heard you a few minutes ago, but I didn't know if you were referencing an article on bankruptcy. I was referencing Doug Casey, and he's a financier, stock guy, money guy. And I think his site is International Man. I think that's what he does.

And they're all about, they want to make sure people have options in case things go sideways. They want people to have passports for other nations if you can. That way you have options in case things go south wherever you happen to live. That kind of thing. Plus also a financial thing. But he was talking about how, in essence, that they're now seeing that President Trump is really here to work the country out of bankruptcy because even though it hasn't been declared, functionally we're already there right now. Right. Yeah, I don't disagree. Yeah, most anybody who can add and subtract can't disagree here. And especially when you

add the future obligations of what is on the federal government right now between Medicare, Medicaid, and Social Security. You're already functionally bankrupt. There's no way that they can tax it enough. So in other words, they have to get business going and they have to do real business and they have to do it pretty darn quickly. They don't have a lot of years to be able to screw around with this, Jerry. That's kind of what Doug Casey was talking about. I totally understand and totally agree. And I am familiar with Doug Casey. I just wanted to make a quick comment, Bill. You talked about over in Europe, essentially, they're bankrupt too and they had to start the war with Ukraine to essentially go after, to get out of the

bankruptcy or whatever. Yeah. What do bankrupt regimes usually do? They inflate the currency if they have to. If they can inflate the debt away, they'll do that. They probably couldn't do that right now. And so the next best way of doing it is to start a splendid little war and you wipe stuff out and you reset it that way. Right. Well, you know, I understand and I do believe, even though it's never been talked about, that that, I just have a feeling that that's why we started the whole conflict with Russia. NATO and so forth started the conflict with Russia.

Russia has resources, lots of resources. It's the largest country in the world. And what happens when you're bankrupt? You have to look for other places to loot. Well, yeah, and you know what, Bill? Back in the 90s, they had Yeltsin that they could exploit. And I'm sure they did. And then Putin came in there and turned things around, and they didn't like that. He took away the cookie jar. Yeah. Well, the way the system, the way the American system has been working for a long time is that, what was

the name of that book, that famous book? Confessions of an Economic Hitman. Remember that book years ago? Yes, I do. Remember that came out and they were talking about how the system in the Federal Reserve foreign policy kind of system was all about, okay, well, we're not allowed to produce stuff here, so we have to, in essence, go to economic war against all the other countries, loot them, and then suck them, and then put them in debt, you know, that kind of thing. And Russia wasn't going to play that game after the fall of the Soviet Union, apparently. Yeah?

Right. Right. Anyway, good point. And I will, I'm familiar with Doug Casey Casey and I do listen to some of his videos from time to time. So I'll check that out. Yeah. Yeah. I'll send you a link to it. I thought it was really interesting that essentially Mr. Trump is in the process, President Trump is in the process of getting a new system going, a new economic system in which sovereign wealth and there's also one

of the reasons why so much gold is coming into the United States right now, including a really interesting stat that he talked about, is that someone in the United States of America has purchased so much gold over just the last few weeks here, and demanded physical delivery. And in fact, it was about 10% of all the gold that we have right now in Fort Knox, reportedly. And Doug is talking about that this is a sign when you see those kinds of buys and huge buys of gold, not even worrying about what the money is, or how much it costs right now,

but that you just want the gold here. That's an indicator that the chess pieces are being moved internationally in the economic sense. And be ready, and be ready for that. Okay? Quick question, Bill, and I know I'm going long here. Did Doug have an opinion on who was the purchaser? No, no, he didn't have an opinion here on this. But what he did say is that the reason why there's been this run on gold right now and why there's this big, and I think this is part of it, is that it's the only thing, it is the only asset internationally that all governments, countries, and people agree on. It's the only

thing which indicates that there is going to be a reset of the currencies of some sort or something's going to be happening with various currencies and that the way we think it is right now isn't the way it's going to be after a short time. That's the way he's looking at it. That's the only reason that these central banks are sucking up gold left and right, private, big money, smart money, sucking up gold left and right. Whatever it is, they want it, and they want it in their possession,

not a claim in someone's vault, that kind of thing. And England's gold is moving into the United States right now. It just seems to, and they say you have to pay attention to that kind of stuff. And I thought it was just a fascinating story. And this is the stuff that is not going to be covered on network news.

It just isn't going to be. Absolutely not. Bill, Martin Armstrong believed that, and my intuition was too, that the United States was the purchaser of the gold. Maybe it was. I don't know that obviously. was too, that the United States was the purchaser of the gold. Maybe it was. I don't know that, obviously.

But Martin Armstrong, smart cookie, he's one of the smartest financiers out there. And at this point in time, I think you've got to pay attention to the opinions, not of the politicians. You can't pay attention to the opinions of the politicians. You have to pay attention to the people in the money world because it is always about the money first, first and foremost. It is not about the politics of it all. It really isn't.

The Exeter's pyramid, Bill, I'll leave you with that thought. Look it up because that explains just what you said a few minutes ago, that everybody's rushing to gold, see? Because all these other things are just liabilities. Exactly. Hey, appreciate the call and thank you so much for that, Jerry. Jerry the Bull, 633. And I don't know if Rick will agree with me or not, but I find it fascinating that President Trump is considered the indispensable man because he knows how to work businesses through bankruptcy creatively. And that's why he's president right now, because that's what we need. This is the Bill Meyers Show.

Get your team together and jump into an icy outdoor pool for a drink. Get your vehicle ready for your next adventure. You're hearing the Bill Meyers Show on 106.3 KMED. This is the craziest party that could ever be. Don't turn on lights because I don't want to see. And yet he went to DC anyway and here he is just a happy, just a happy-go-lucky, gosh, just everything's always coming up roses sort of thing, and that's Rick Manning, President of Americans for Limited Government,

dailytorch.com, great articles on that site right now. I have to tell you that, Rick, welcome back to the show, good having you on. Glad to be on, it's a, glad you like them. Yeah, and I'm tiptoeing through the tulips. Yeah, no, I could never say that about you. You could be quite as serious as a heart attack when the need comes. Okay? Hey, I wanted to, you know, a little bit of politics and then I want to talk about some financial stuff that I was reading the other day and I wanted to just run some things by you and there was someone writing some thought-provoking pieces in the money

world about the President Trump that I thought were quite fascinating but are we looking at the Democrats this week when it comes to politics is absolutely rudderless at this point you know and When I looked at that joint address on the other night, Tuesday night, and when you have most of the Democrats, not all of them, but most of the Democrats can't even applaud for the brain cancer survivor, that kind of thing. I'm looking at a bunch of people that I think have lost their souls and I hate to determine know to determine that way but I don't know how else you describe something like this that you hate the president that much that you can't even show some love to the people that you're always talking about how much you care about I mean what is your

overall impression what happened that night? The Democrats revealed who they are and I don't think they're right or less at all the problem is they're going they're full steam ahead the wrong direction. And they believe that everybody else is on the ship with them and they haven't looked around and discovered they're marching down I Street and the band's on E Street. So they are, Bruce Springsteen reference. Yeah, of course. But you're on the East Coast. It's okay. You can do that. You know, the boss is still there. Yeah. They're back in the USA. But anyway, there's a...

So that's what they're doing. They are completely... We talked about the Beltway mentality, and the Beltway mentality is real. And the Democrats are in step with the Beltway mentality. They are 100% in step with these five counties that exist around DC. And they believe that's real. And so they're marching along with those five counties, and they don't recognize that everywhere else is looking at them like they're lunatics. So it's just, I'm glad they continue to reveal who they are.

Oh, absolutely. And they've made it so easy to make fun of them too. It's like we're able to use the, gosh, what was it? Saul Alinsky's rules for radicals. You're able to use the same stuff against them in which you just ridicule them, right? And I think the funniest meme about the paddles when they were holding up their little paddles the other day is someone that they were putting in there, I'm retarded. I'm retarded. I'm retarded. I know it's cold and cruel, but it's just like, yeah, yeah, that's what we're looking

at. But the thing is, though, is that there's still political power in what they're pushing at this point in time. The general consensus in politics is that the Democrats will be in control of the House in 2027. Right. And the good news is the Democrats are demonstrating that you'd have to be a moron to put them in power. They are, you know, they're dem... You know, Trump's speech was approved 75%. 75%. That never happens. Trump's personal... the speech exceeds personal approval by 25%. That never happens.

Well, it's because what he was talking about were things that were common sense. He talked about common sense revolution in that, a revolution of common sense, and he's right about this. And he went and by starting out and setting the tone and saying these people no matter I can cure cancer on the stage and they would say and they wouldn't apply and they wouldn't smile and then the Democrats proved it right at which point he looked like the wise man in the room and they look like the petulant children who weren't getting their way.

And then Al Green got up and did his thing and, you know, it's with his gold tipped cane or whatever that thing was. But you know, it's got to, they have to be, I mean, even Democrat, a few of the Democrat members are sitting there, you know, kind of saying, what are we doing? Ro Khanna from California was approached by somebody in the airport after the speech. And he's talked about this. So I'm now there's no, it's in the public domain. And somebody came up and said, I'm a dynamo Democrat. I vote for you guys no matter what. What are you doing? You're idiots. What are you doing? How can you not be? How

could you not be for and then leaves a bunch of stuff? Or how can you be defending this stuff? And, and even how and even how can you be defending the, you know, the dude and address, you know, smacking the volleyball player in the head and giving her a concussion and calling that okay? And he used the kid, the brain cancer patient. Was that DJ? I think it was DJ.

Used him in a heart-touching moment of the Secret Service, the head of the Secret Service giving him a Secret Service badge and the kid crying and then used him as the example. He said, he says, how do you not clap for him? And Ro Khanna said, I did. I, three, about three or four of us did. I can't tell you what happened, why everybody else didn't. When do we give away our humanity in our hearts? We have to be able to show that we still care about people, but we disagree on the policies

that are being done. But, you know, but so some of the Democrats in town are shaking their head, but a vast majority of them are saying full steam ahead to crazy, crazy town. And the reason is if you've already entered crazy town, kind of like Hotel California, you can check in anytime you like, but you can or you can check out but you can't ever leave right that kind of thing. You can check out you can. Yes, you check out anytime you want but you never but you can never leave. So it's a what you just use music references to from the 70s and 80s. That's all right. It's a good song. Still great leave. So it's a, we're just using music references from the 70s and 80s. That's all right. It's a good song, still a great song. So, well, here it is. So that's where we

find ourselves. And Rick, there's one thing that I mean, I was talking with a professor, Professor John Ellis, and he teaches at University of California at Santa Cruz. He's been there since the mid-1960s. Great brain. He's not Professor Emeritus because like I said, he's up in age, but he's still sharp as a tack and he's one of my favorite professors to talk to. Because the one thing I disagreed with President Trump that night though, was when he was talking about woke is dead, woke is gone, this is all gone.

And I think it's gonna take a lot more work to get rid of that mental illness, that crazy, which has infected the campuses and the academy and churning out the future generation. And Professor Ellis agrees with me on this and he says, as long as you have the Academy, the higher education, controlled 95% by the Democratic Party, which is functionally crazy these days, nothing will change about that and you're not

going to get rid of woke. You can you can cut it from the federal deal but you know the states are still afraid to do anything about it or if you're like Oregon they're controlled by crazy Democrats and they're going to keep loving it. Any thoughts on that? He's right. 100% right. Okay. Anybody and I will sometimes the president's hyperbole gets you know ahead of the hard work necessary to actually implement what he's trying to do. Yeah, some executive orders are not going to rip this stuff out by the roots and salt the intellectual ground they're on. I'll give you a simple example. If you really want to advantage people who are black, Hispanic, white. The way you do it is you simply go based strictly

on need and you offer full scholarships to people who are a certain level and you make very expensive scholarships to people who are not. And you will, just by demographic economics, you will be providing more opportunities in free education, very inexpensive education, to people who make less money who are disproportionately black and Hispanic. And you'll be offering the same education, but you just, so you make income requirements But you just, so you make income requirements in terms of goals as opposed to racial requirements. And you get close to the same effect. You get some discrimination based on that, based on middle class and upper middle class and wealthy black kids and similarly middle class, upper middle class and wealthy Hispanic kids.

But you end up with, at some level, a significantly the same racial mix that you were aiming for, anyway. That's what they do in New York state. They don't do race. They do based on income. And they are having the same exact effect. So there's ways around every single thing you wanna do and you can call it something else.

You can give it a new different name. When global warming became stupid, they changed it to climate change. They'll just change the name. And now it's climate chaos, by the way, climate chaos and climate emergency. That's the latest. Well, we're climate chaos and climate emergency. Yeah. Well, I'd say, yes,

we're now in a, because we have to accelerate it because seven years ago we only had 10 years left. Before we were pointed to no return, we were all going to die. But the, that's what they'll do. They'll rebrand the name, they'll go into hiding, and

they'll come back out with a different branding, and they'll go into hiding and they'll come back out with a different branding and they'll push the same garbage. And the thing that, let me use one company as an example because I've had a discussion on one of my conservative message boards, a bunch of people here in town who are pretty smart by and large. And we've been fighting against this whole DEI thing for a while and the whole ESG, the corporate investing in good rather than going for profits, also knows environmental, social and governance policy investing.

And we've been fighting that and companies have embraced that for a while, trying to convince them to get back to neutral. And BlackRock has disavowed, they supposedly disavowed ESG. BlackRock was the driver of ESG. Yeah, they're the ones that brought it up first place. And then you had Vanguard and a whole bunch of other various people, organizations that vote proxies for boards, for boards of directors and for corporate governance votes, basically making ExxonMobil become a green company for all intents and purposes. BP too, things like that. BP, yeah, exactly.

So that's the, so BlackRock supposedly is dropping out of all the climate action fund and all the things they've been supporting and funding around the world. Okay. And I sit there and I go, I'll trust them. I'll trust them when in 10 years, if we see that's what they're actually doing. But when somebody is that committed to it, and oh, by the way, I'll trust them when they are major investors in China. But, you know, but they're now making, and all these people say, oh, we've won, we've won. It's like, no, you're wrong. They're playing us. There was a report yesterday that BlackRock is going to buy the two ports that deal with the Panama Canal, so wresting control from the Chinese. BlackRock is so beholden,

is so invested in the Chinese economy that it might as well be a Chinese company buying them. It might as well be a Chinese company just re-buying the Panama Canal ports, right? Yeah, okay. And so let's just be, and when we talk BlackRock, people, it just sounds like a name. Look at how much the holdings are. They are enormous.

They have holdings in the tens of trillions of dollars. And the entire world only has about $100 trillion, maybe $80 and $100 trillion in GDP. And BlackRock holds a lot of it. Well, all you have to do is know the guy who runs it is Larry Fink. A name like Fink? I think it's appropriate. Yeah, I'm careful on making generalizations based on people's names. I know, in his case it works. I end up manning the helm of everything. I don't really want to do that.

I'm too lazy for the responsibility my name implies. So point is Reagan was very smart. He said trust the verify on the CSG stuff, on the climate funding and the like, trust the verify. The wounds are too fresh in these companies, these banks, debanking conservatives, debanking people who are not funding, things like new petroleum, new places to refine petroleum, instead putting all their money into windmills and buying up land so they can drive our agriculture into the dump. And it's a, there's too much money and too many people have been committed to that bad philosophy that isn't about profit, it's about social good. And I just, just take me back to the days when corporations were all they wanted to do is make money because that's what they're set up to do. And when they make money and the rest of us are

working in the companies that are making money, things are good, all right? I wanted to, before we take off here, Rick, I was talking about something earlier this morning when I first came on. And I said, I don't know what Rick would think about this, but I'm fascinated by this. And so I'm going to run it by you. I might send you the piece I was reading. Do you know who Doug Casey is?

Have you ever heard of him? No, top of my head. Okay, Doug Casey is an international financier and it's International man is his is his website. And of course, they're stock advisors everything else like that I pay attention to the money people because I think the money people Pay are pay more attention and are in essence controlling politicians Anyway, you know, we always focus on politicians, but but you know I think there's limited. It's always about the money. And he put the, wrote a piece about this that he says that

honestly what we're witnessing right now with you know major gold coming into the United States right now, someone bought, they don't know who, bought enough gold and had it delivered about 10% of what's supposedly in Fort Knox right now. So we were talking like 60 something million ounces of gold. One person ended up buying this in the United States and had it delivered. We don't know who it is. That's a lot. Yeah, that's a lot of gold, all right? And then it's indicating that the... By the way, there's only about 10 people who can do that So exactly you had a one in 10 chance of getting it, right? Yeah, I imagine so

but the point is though that the chess pieces are moving internationally and That President Trump well understands what's going on here And the bottom line what they were saying is that what we are going to be witnessing in the near future here is the reset. Now, but it's a reset that needs to happen because the way the United States has run right now with the Federal Reserve and being having the reserve currency, it is not a benefit for the United States. It hasn't been for quite some time that it is a burden because you have an artificially high currency. There's no way you can stop that. You will always end up having

huge trade deficits. You will not be making stuff yourself and you're going to be running massive government deficits in order to keep people fed and clothed and things like that. Essentially what President Trump is here to do, and they ended up going into the talk that they've openly been talking about, sovereign wealth fund, that the idea that the United States has all these assets that are just sitting around as dead wood, including our forests out here that we burn instead of harvesting, but we build the federal government to put out the fire. All this kind of stuff. Ultimately, President Trump is here and the perfect president to be in charge right now

because it's his job to essentially work us out of bankruptcy because we're functionally bankrupt right now, even as the Democrats scream about the possibility of selling off a federal building or two. I was intrigued by this, that President Trump has been successful bringing all sorts of organizations and businesses out of bankruptcy, and that now his job is to do that with the United States. What do you think about that?

I get sound. I think it's sound. I think it's sound. This is so multifaceted. But just in terms of trade deficit, our system is designed to run a trade deficit. You have to. Our system is built to run a trade deficit. The entirety of the post-World War II economy of the world, at least of the non-communist world post-Cold War or pre-Cold War, was based on the United States being a donor nation, consumers, while other countries were core builders and producers.

And the reason for that was pretty simple. The people who put that system together wanted to rebuild the rest of the world around a capitalist model. But we were the only economy, only group that was strong enough that it remained when they wiped out, who could then feed those capitalist economies and feed the businesses that were transferred there. And so our policy was essentially an outsourcing policy since World War II. And that all worked until the Cold War ended. And then it actually continued

to work to some extent, but was faltering. And then China entered the world stage and got access, permanent access to the US economy, which meant our manufacturing could move to a country that had the wherewithal and a plan to attract our businesses, steal their intellectual property, duplicate their intellectual property, flood the market with their goods, put those businesses out of business, and become the dominant manufacturing force in the world. And that's what China did. And now 25 years later, Donald Trump, I tried to deal with it in 2017, 17 years later, we're dealing with the aftermath of that.

And the fact is, everybody wants to talk, and it's just one of my pet peeves, everybody wants to talk about tariffs on China, how much that's going to disrupt and cause inflation, all that. It isn't going to cost one ounce of inflation, none. China's entire economy is dependent upon having the lowest cost goods on the market. We're the biggest consumer. We're the only ones stupid enough to open, have an open market effectively. So they are sitting there and they're saying,

no matter, they have, they put their, their currency is based on ours. It will always be, they deflate their currency when they basically make their currency, always make it so they're the cheapest goods on the market in the United States. That's right. They control the banks. They say, hey, banks, you made too much, you made money.

You're not going to get to make money because you've got to put more money into the steel industry and subsidize the steel industry because we need to have the lowest priced steel in America. That is how the world, how China's taking advantage of we need to have the lowest priced steel in America. That is how China's taking advantage of the world to capture the manufacturing sector. And then, as in steel and aluminum during Trump won, when steel and aluminum became, it was having the effect they're having a hard time subsidizing enough, they then just sold it to Canada and to Mexico. Canada and Mexico both stamped their name on it and shipped it to us.

It was shiny steel. It was just coming from Mexico and China, the advantage of the USMCA. So that was the United States, Mexico, Canada trade deal. And so, that is, so those, just like if some criminal is trying to get a gun in the left, you know, and ATF always talks about straw purchasers of guns. Well, Canada and Mexico were straw purchasers of aluminum and steel, and were then exporting them and selling them into the United States. And so, the US steel, the US aluminum industry never ended up having

a price advantage that would then enhance their capacity to grow and become real manufacturers again and develop the high tensile steel and aluminum that this country needs to be able to have a national defense, national industrial defense base. If we don't make the steel and the aluminum to build the stuff If we don't make the steel and the aluminum to build the stuff, we're dead in the water. And I guess that's what I was getting at too. Trump understands this, but the money people are seeing that this is going to require a resetting of the international financial world in which the United States is not just going to be exporting dollars any longer. You can't do it. It just can't do it. That is exactly right. Okay. That is 100% correct. It's intentional. He knows what he's doing.

And he's doing it. I think everybody can understand. We won World War II because we had the industrial sector, the industrial capacity of out-of-car manufacturing, boat making, and ship making and the like, to be able to turn out lots of airplanes and lots of tanks and lots of Jeeps in a big hurry. And nobody else did. Germany did, but it all got bombed. And so they ended World War II. They didn't have that capacity anymore.

It got blown up. We have that capacity and we could outproduce everybody in the world. That is the model China's following. And by the way it would appear that with what Trump's event, what Trump's trying to do then is to take a page out of the China playbook except we're gonna play it now. Right? Exactly right. It's exactly right. Now I don't know how much industrial policy is going to engage in. His statement on the CHIPS Act about needing to get rid of it was interesting because that

was industrial policy. Biden's style saying, hey, we need to make CHIPS here and we're going to subsidize chipmaking here. And Trump saying, you know, that's stupid. Let's just, you know, TMC, the Taiwan Semiconductor Corporation, which makes 97% of the chips in the world based in Taiwan, they're going to give us money to build chips here because they need to build chips here because we're going to put a tariff on them if they don't. And that's using a different incentive system, okay?

Yeah. They're giving you money, we're going to make it so it's more expensive for you. And hence you want to go to the biggest market in the world, you have to come to America, you have to build them here, and then you can build them cheap. And we even have some car manufacturers that are talking about moving some manufacturing here, which is good. 100%. All right. Once again, that is all about the car manufacturers are so important.

And he gets this. We need the assembly lines. Car assembly lines are assembly lines. You can put different robots and turn the robots to do different things, but we need the assembly lines to be able to not be dependent upon other people to build our war machine. And because he anticipates at some point we're going to have to use it. And if the wars last more than five minutes, which means it's not nuclear, we're going to have to have the capacity to actually have a sustainable industrial capacity of this country. And it may not be

for 20 years, but if we don't rebuild it, we are a dead country. Yeah, yeah, you just can't keep exporting dollars and not building things. You just can't do it, all right? Hey Rick, out of time here, but I'm going to send you the piece I was reading, okay? I love to see it. And then... And I just read a whole one on trade deficit, it was very in depth. I'll send you that because it's a really extraordinary, and I'll put yours up on my website, you can put mine up on yours. Yeah, but I think that the... I didn't write it, I just said it was just say really extraordinary and I'll put yours up on my website you can put mine up on your site. I didn't write it, I just said it was just incredibly intelligent. But I do think that there are more chess pieces moving around behind the scenes than we, if

we're just looking at politicians, are aware of. And I think it behooves us to know and understand it. Pay attention to Scott Besant. He may be the second smartest guy in the administration behind Trump. Who did you say was the smartest? Scott Besant, Treasury Secretary. Oh, Besant. Absolutely.

Well, Besant is the one that's talking about the International Wealth Fund or the Sovereign Wealth Fund too. He did it out in the open. Pay attention to him. Okay. Pay attention to him. He's smart. All right.

Well, we want to talk to smart people. He's smart. All right. Well, we want to talk to smart people. That's why I talk with you, okay? Thank you, Rick. Thanks. Rick Manning, President of Americans for Illuminate Government, DailyTorch.com. I had a pretty deep dive on it, but like I said, I started the show off this morning. It's important stuff. This is KMED, KMED HD1, Eagle Point Medford, KBXG, Grants Pass.