The Dan Bongino Show - Ep. 649 More Disturbing Revelations

Episode Date: February 6, 2018

Was there a second dossier? Was the Steele dossier really the Clinton dossier? Here’s a copy of the Grassley memo which asks some disturbing questions about Hillary’s campaign and their role in ...the dossier. This 2015 piece about these Clinton insiders is necessary reading for understanding how political information made it into the hands of law enforcement. The real “sources and methods” that were exposed in the memo were the Obama administration’s sources and methods for spying on the Trump team. Copyright CRTV. All rights reserved. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Starting point is 00:00:00 From the kitchen to the laundry room, your home deserves the best. Give it the upgrade it deserves at Best Buy's Ultimate Appliance Event. Save up to $1,000 on two or more major appliances. Shop now, in-store, or online at BestBuy.ca. Exclusions apply. The Dan Bongino Show. Get ready to hear the truth about America with your your host dan bongino welcome to the dan bongino show producer joe how are you today well as always dan it's great to be here with you
Starting point is 00:00:32 yeah a lot to cover breaking news breaking all over folks i want to get through a couple things don't panic about the stock market we've had a correction i you know, I've been covering the Trump-Russia fairy tale and the Obamagate spying scandal, and I'm going to continue to cover that today because there's been some, you know, incredible breaking news. It's incredibly disturbing. Yeah.
Starting point is 00:00:55 But just a quick note, for those of you who are regular listeners for three years now, Joe and I do a lot of economics and stuff like that on this show because we enjoy it. I mean, I was a finance guy in graduate school. I love it. It's my thing. Don't panic. There have been very low interest rates for a long time. Money's been very cheap. People were
Starting point is 00:01:12 borrowing money. There've been a lot of margin calls made. People were borrowing money to basically chase yield in the stock market. There's going to be some profit taking. There's going to be some margin calls. I'll be honest with you. I wouldn't be surprised if there's a correction of another 3,000, 4,000 points over the next couple of months. Don't panic. I don't know if you know this, Joe, but after the 2003 Bush tax cuts, right? Similar scenario we're in now. Big tax cut. The S&P dropped by nearly 5% over the coming months and then recovered and grew 15% over the months after that. I thought I remembered something like that. Yeah. Everybody take a chill pill.
Starting point is 00:01:48 Relax. There's going to be some profit taking. Don't panic. We're in better shape than we were under the Obama years, I assure you. I'm going to try to get into some of the details on that,
Starting point is 00:01:57 why it matters, interest rates and stuff. I will at some point this week, but I've got a lot to get to. Just a couple quick announcements. For those who've been going to my website, Bongino.com, and looking for the articles, forgive me.
Starting point is 00:02:08 If you go to the website, it's pretty easy. When you get to the homepage, Bongino.com, it says podcast. Just click on podcast, and all the articles are there. It's under show notes. I keep calling them news picks. But on my email list, if you join my email list, not to confuse you, but I send them out as news picks. So that's why to confuse you but i send them out as news pics so that's why some of you said i'm looking for news pics on the website that's if you're on
Starting point is 00:02:29 my email list if you go to my website it's under podcast and you'll see it under um the show notes so maybe we need to change that to news pics i'm sorry and a announcement for uh y'all who've been asking me about what my next step was i am very proud to announce I have joined NRA TV. So I will be on every day at 1 o'clock Eastern Time with Grant Stinchfield doing commentary. Please go to nratv.com Check it out. You're not going to want to miss it. It's also Facebook Live. We do
Starting point is 00:02:56 a lot of great work over there and we've got some more announcements coming on that in the future. So check it out. NRA TV.com Well, thank you, brother. I appreciate that. I put it on my Facebook yesterday. I got a lot of incredible feedback. AlrightRATV.com. Atta boy, Dan-O! Well, thank you, brother. I appreciate that. I put it on my Facebook yesterday. I got a lot of incredible feedback. All right. All right, today's show brought to you by our buddies at My Patriot Supply.
Starting point is 00:03:10 Sorry, Joe. I just rudely cut you off. I could see you were going to say something, and I was still going. My apologies. Well, I brought to you by my buddies at My Patriot Supply. Listen, as a former Secret Service guy, where all we did was prepare, prepare, prepare for things that, frankly, were highly unlikely to happen. I'm always surprised that people don't prepare for the likely event that one day there may
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Starting point is 00:03:56 don't know, six to eight boxes of this stuff. I buy it myself. They get preparewithdan.com hits from Dan. I'm the Dan in preparewithdan.com. I buy my own stuff because I'm genuinely concerned that one day something may happen. And it's not tinfoil cap stuff to be worried about feeding your kids in the event of an emergency. It's just $99 for a one-month supply. Buy a few of them. Go to preparewithdan.com. That's preparewithdan.com.
Starting point is 00:04:24 The stuff lasts for 25 years. That's 25 years of mental security that you have a food supply to feed yourself and your family in the event of emergency. Go to preparewithdan.com today and pick it up. That's preparewithdan.com today. Just $99. Okay. Folks, yesterday was a really troubling day because there was information that broke in the Obama spying scandal on the Trump team that blows the doors wide open. And I'm in a delicate balancing act here because what I'm trying not to do is what I've seen, sadly, some others do in this movement who are seemingly more obsessed with who gets credit for breaking information than actually breaking the story wide open. Again, I can't say enough. I think we have very fairly credited some really terrific people out there doing great work. Just go to the show notes, Andy McCarthy, Byron York, and others, Sarah Carter. And I say that because I'm genuinely not trying to do any kind of, hey, look what we said, and we did this, and we did that. but i think it's important if you've been a listener to the podcast that a lot of the stuff that's
Starting point is 00:05:28 happening we told you was going to happen not because we're you know joe and i are inspector clouseau but because people have told us stuff and said expect this hint hint now what broke yesterday is vindication for us as well we said to you you a long time ago, Joe and I, during a show, I don't know, 630 or so, 631, number 630, maybe right around there, that the critical piece of information in this entire case was the information superhighway. That's what I've been calling it. I just, sorry, I can't think of any more snappy of a name. And what do I mean by that? any more snappy of a name. And what do I mean by that?
Starting point is 00:06:06 How was information on Donald Trump and his team getting from political people, Hillary Clinton and others running for office, into federal law enforcement's hands? Folks, this is a critical, key question. This is what the whole case focuses on. How was it that a political campaign
Starting point is 00:06:30 gathered information on their opponent that somehow made it into documents in law enforcement's hands that were used to swear on warrants to spy on them? Folks, if we don't answer that question, we're living in a banana republic how is what happened there that information superhighway that we talk about all the time
Starting point is 00:06:50 how the information on this highway made it from the hillary clinton exit to the fbi exit i'm doing a little visual for joe how did that? There are supposed to be firewalls there. Those firewalls are judges who when an FBI agent gets up and swears to information given to them by a political campaign,
Starting point is 00:07:17 those judges are supposed to say, where'd you get this stuff? Those firewalls were breached. The question I've been asking from the start, Joe, do you remember the episode about the information superhighway? How was it that there was an intermingling
Starting point is 00:07:35 of political and law enforcement assets? Folks, I tweeted out this morning and I meant every single word of it. When I was a federal agent and a cop, no matter how bad of a mutt you were when I arrested you, I know this sounds weird. I even put it in a tweet. I know it sounds strange, weird.
Starting point is 00:07:53 I felt bad for the folks we arrested. I did. I don't know. Would that make me a wuss? I don't know. I don't care. I'm not really interested in people's opinion on my manliness, to be honest with you. I did, Joe. I felt bad for them. When you put handcuffs on people, no matter how big of a dog they were,
Starting point is 00:08:09 that look of genuine fear in their eyes that their freedom is lost was hard to see. It just was. I mean, some of them had kids. I mean, I remember this one guy. We hit him at his house early in the morning. Not hit him physically. I mean, we did the arrest early in the morning. It was about 6 30 and the guy had kids and it was just tough to see i mean they know their life is over yep i mean he did some really bad things folks and i felt awful about it
Starting point is 00:08:36 you know that that got in my head forever maybe that's why i'm a libertarian leaving conservative that's why maybe that's why government scares me so much maybe that's why i'm a libertarian leaving conservative that's why maybe that's why government scares me so much maybe that's why what's happening now with this obama spying scandal on the trump team bothers me so much maybe that's why even some you know fake conservatives out there on twitter have decided to make me a target maybe because our words are penetrating and we're over the target i don't't know. But folks, this is genuine. This is not me like shilling for listeners. Okay, we don't, Joe and I are just fine.
Starting point is 00:09:11 Believe me, we're fine. Yeah, we're good. More than fine. This is frightening stuff. There is never ever supposed to be an information superhighway from a political campaign to law enforcement without intermediaries who were supposed to vet the information first. Judges, FBI agents, assistant United States attorneys, Joe, district attorneys who are supposed to say, what is the motivation for this information?
Starting point is 00:09:39 Ladies and gentlemen, let me be clear on one thing. It's not that the information is invalid. And I'm not even suggesting to you that because hillary clinton's campaign found information that it should never be used i'm not i know that sounds weird here too if hillary clinton's campaign had uncovered information that someone on the trump team had murdered someone and it was legitimate folks that in for that that information is tragic and horrible and should absolutely find its way to law enforcement but it should be done so with an
Starting point is 00:10:12 understanding about how it was found so that the fbi when determining the rigor and authenticity of it understands that there is an actual power motive for someone to produce that information. The power motive is that person obtains power by getting elected while destroying their opponent. It doesn't mean the information is false. The problem with this case and the information superhighway is there was almost nothing done to verify the authenticity of the information knowing the motive was to destroy the political opponent. How do I know that? Because Bill Price step himself, the number two at the FBI, when asked about the dossier in the verification process, said it was, oh, in its infancy.
Starting point is 00:11:00 The authentication for Joe, do you see what I'm saying? The number two in counterintel, the FBI, has acknowledged on the record that the verification of the information superhighway from the Clintons to the FBI was in its infancy. Folks, you don't need to have a command of the English language. You don't need to have an English degree to understand that in its infancy means it barely started. But it barely started. Right. But it was used.
Starting point is 00:11:28 You have Andy McCabe saying the information, the number two at the FBI, the information in that document, if that information didn't exist, there would have been no warrant to spy on the Trump team. Meaning it was a central component
Starting point is 00:11:40 of their affidavit to the judge. You have Jim Comey, the FBI director himself, Joe, in Trump's office on the record saying the information was salacious. Do you understand why I'm so concerned about an information superhighway between political campaigns and people who can put handcuffs on you? I mean, I know my audience gets it, but for the liberals listening, do you i mean i i know my audience gets it but for the liberals listening do you understand why this concerns us these grotesque abuses of power and by the way one more thing here just to quickly establish ideological bona fides with you this is not new for me just look me up during my campaigns for political office look at the speeches i gave on the eastern shore of Maryland running for Senate in 2012.
Starting point is 00:12:29 When I spoke out against the Patriot Act and the business records provision in 702. This is not new. This is not new to me. The Patriot Act was signed by George W. Bush. I was running for office as a Republican and was attacking what I thought was going to be an abuse of power. So please spare me the nonsense. This is not about Obama. It's about what Obama did to abuse government and stopping it in the future.
Starting point is 00:12:57 Now, sorry for that, but I think it's important we go back to the big principles. It is. It is. You need to repeat that. Yeah. Yeah. By the way, someone asked me why i don't ask you for commentary more folks you know joe was never designed to be here for joe's sound engineer i just like talking to joe he i think they think you're like it's like
Starting point is 00:13:16 the joe and dan show no it's the dan but it was joe's the producer i just enjoy joe talking to him because he's a great guy. Yeah. I'm sorry. Yeah, someone said to me, you need to get Joe involved in the show. Joe talks whenever he wants. That's the way this rolls. All right. That'll lighten it up. But seriously, getting back to this.
Starting point is 00:13:34 We had established before that one of the information superhighways and the conduits to it was Nellie Orr. Nellie Orr, who was the wife of Bruce Orr. Now, we already know that, again, this is a, to be clear on what we're discussing, we're discussing how information got from the Clinton campaign and the DNC to law enforcement without going through intermediaries first that would have appropriately vetted the information. The superhighway is the topic of conversation today, and I've got some damning news about it. The first lane of the superhighway
Starting point is 00:14:10 was an associate deputy attorney general, Bruce Orr, who worked in the Justice Department at an upper management level, who had access to the same players involved in the surveillance of the Donald Trump team, whose wife was employed by Fusion GPS as all of the dossier information gathering was coming to fruition. There are allegations out there now that this may have been an effort by Fusion GPS, who
Starting point is 00:14:38 was hired by Hillary, to buy influence within the Justice Department. Hire this guy's wife. Wife passes information to husband. It gets around all these firewalls, makes its way to the FBI. That we discussed. That's information superhighway lane number one. What was exposed yesterday
Starting point is 00:14:56 is possible lane number two is absolutely damning. Now, you may have to listen to this twice because this is going to be egg scrambling information for your brain. What was exposed yesterday in a release in the Chuck Grassley memo with portions of it which were unredacted. Chuck Grassley is on Senate Judiciary. I believe he's the chair. I believe he's the chair. Grassley and their committee wrote a memo to the DNC, the Democrat National Committee, asking for information. And in that memo are some stunning revelations.
Starting point is 00:15:39 Some of the revelations in that memo include the fact, and by the way, the memo will be up at Bongino.com. I will put the link and it will be in the show notes if you subscribe to my email list. It will be there today. It'll be like a scribbed file. You'll see it. Read it. It's only two pages. It's redacted, but it's damning.
Starting point is 00:15:54 There's apparently some information out there, Joseph, that there was another superhighway. That the other superhighway were individuals in the State Department that were briefing Christopher Steele as he was putting the dossier together. Wait, wait, come again? Yeah. There were State Department. Now, you may say, well, where was the State Department getting the information from? This, this is, this is like, no way. They were getting the information from a confidant of Hillary Clinton.
Starting point is 00:16:29 Say what? Okay. Let me walk you through this, folks. This is going to get a little bit confusing. All right. So Byron York had reported a couple of weeks ago, and I put this. This is articles in yesterday's show notes. This is a quote from his piece. And I read this yesterday this is articles in yesterday's show notes. This is a quote from his piece.
Starting point is 00:16:48 And I read this yesterday, but it's important. That Steele, Christopher Steele, was regarded by the State Department as credible between 2014 and 2016. Steele authored more than 100 reports on Russia and Ukraine. These were written for a private client, but shared widely within the State Department and sent up to John Kerry and Assistant Secretary of State Victoria Nuland, who was in charge of the response to the Ukraine crisis. Many of Steele's secret sources were the same sources who would supply information on Trump. Okay, pay attention here. The names matter. Victoria Nuland is being briefed along with the Secretary of State, John Kerry.
Starting point is 00:17:27 They're being briefed by Christopher Steele, the same person who was throughout 2014 to 2016. So there's a relationship there. Steele is briefing them. Some of the same sources he's briefing them on Russia and Ukraine are the same sources he's using to brief them on Trump. Who the hell are those sources? Here's where the story gets absolutely mind-blowing and fascinating. There's an allegation now that those sources were provided by Hillary Clinton confidants
Starting point is 00:17:59 herself. Think about what I just, what I'm telling you here. Hillary Clinton connected people with an obvious political motive to destroy Trump are briefing Christopher Steele. Steele is briefing the State Department. The State Department is then passing the information to the FBI who's briefing a federal,
Starting point is 00:18:24 a foreign intelligence court judge to spy on Trump. Folks, that is an absolutely astonishing revelation. And I have to tell you, I don't, for the life of me, I cannot understand where the liberals and the civil rights activists are on this. By the way, very little of this is even open for interpretation. There is interpretation as to how much of the dossier was briefed by Clinton people who briefed Steele. But there's no disputing the fact that this information superhighway exists now. Where are the civil liberties advocates on this? Where are you?
Starting point is 00:19:07 are the civil liberties advocates on this where are you well i mean folks are we back to the j ed guhoover days of developing files on politicians to intimidate them and you're for this here's where the story gets crazy there's a connection to what happened in libya here i'm not over generalizing i'm not getting into anything exotic. I'm just trying to tell you what the connection is, folks, based on reporting that's already out there. If you want to make connections on your own, I'll give you the information.
Starting point is 00:19:33 You're more than welcome to do so. I'm not comfortable making some of them, but I'm going to tell you some stuff that may be a little disturbing. The person getting briefed by Christopher Steele steel who i just told you is victoria newland who's an executive in the state department she's the assistant secretary of state one of them victoria newland is a clinton acolyte she has been tied at the hip to Hillary Clinton for a very long time. They share some of the same contacts.
Starting point is 00:20:10 Victoria Nuland was the chief of staff to the deputy secretary of state in the Bill Clinton presidency, a guy by the name of Strobe Talbot. Strobe Talbot's brother-in-law is a guy named Cody Shear. So, Victoria Newland and Shear are familiar with each other through Strobe Talbot,
Starting point is 00:20:38 who was Bill Clinton's Deputy Secretary of State. Cody Shear, remember, folks, remember the names. Cody Scheer, remember, folks, remember the names. Cody Scheer, and I will put a 2015, this is the great part about our news picks
Starting point is 00:20:53 and our show notes, a 2015 National Review article I will put up in the show notes today by, was it Brendan Bordelon? Who I've seen on, I think, I don't know him very well, but it's a good piece. It's from 2015. It's an article about Cody Scheer.
Starting point is 00:21:11 Who's Cody Scheer and why should he matter? Remember, we're talking about how information made it from political operatives to law enforcement. Laundered, as my co-author of the upcoming book we have coming out, Matt Palumbo calls it, it's not money laundering, it's information laundering. How they're laundering information through credible sources to make people believe it's not political. Who in the case are they laundering it through now? The State Department and Christopher Steele. You may say, well, Steele was political. He was being paid by Fusion GPS. Yes, but he was a former British spy. said well steel was politically he was being paid by fusion gps yes but he was a former british spy it gave this information an air of of of un of of non-partisan gave it like a like it was
Starting point is 00:21:51 principled like oh this guy was a former spy of course he wouldn't lie that's not where it came from going back to cody sheer there's a 2015 piece in National Review, again, I'll put in the show notes, that describes Cody Scheer's relationship with one Sid Blumenthal. Who's Sid Blumenthal? Sid Blumenthal, otherwise known as Sid Vicious, is Hillary Clinton and Bill Clinton's enforcer. This is a guy who has operated on the outskirts of questionable moral and ethical activities for a very long time. He's vicious. He's earned the name Sid Vicious, and he's acted on behalf of the Clintons and with the Clintons for a long time. Blumenthal was so disliked, even amongst Democrats, that when Hillary was appointed Secretary of State
Starting point is 00:22:46 and confirmed by the Obama administration and the Senate. She asked that Blumenthal be given a job and even Barack Obama said, eh, no thanks. Wow. That's how much Sid Vicious was hated, even in Democratic circles, folks.
Starting point is 00:23:04 Don't lose me here. This is important. We're still good. Sid Blumenthal's researcher, briefer, partner in his activities is Cody Scheer. So Blumenthal is a Clinton henchman. He's the one who goes out there and puts stories in the media and does, you know, gathers information, air quotes, information for the Clintons they need. In this 2015 National Review article, there are some stunning revelations
Starting point is 00:23:36 that what happened in Libya prior to the Benghazi situation, Sid Blumenthal is over getting briefed by people in Libya while Blumenthal's working as a consultant for a company that would basically benefit from war and chaos in Libya. They are... I don't want to name the name of the company.
Starting point is 00:24:00 You can read it in a piece because I'm... Just know this. War and chaos Sid Blumenthal's company would have benefited significantly from it. Blumenthal is sending emails to Hillary Clinton about the situation in Libya. Now is the information accurate? Again, I'm not sure. All I'm telling you is Blumenthal benefits from the information if it causes military intervention in Libya, where Benghazi's located.
Starting point is 00:24:35 If we can get weapons and arms over there, the company he's working for, this will benefit their operation. Who's producing the briefs for Blumenthal he's working for, this will benefit their operation. Who's producing the briefs for Blumenthal he's giving to Hillary Clinton? Cody Scheer. Cody Scheer is deeply embedded in producing briefing documents and, quote, intelligence for Sid Blumenthal to give to Hillary Clinton. Don't lose me here. Scheer's information now, if you read the Graslie letter, it's fascinating who they ask for communications from. The Graslie letter, which again will be in the show notes, it's not hard to read.
Starting point is 00:25:23 Make sure you read the last portion of it. They lay out some bullets. I think there's like 8 to 12 or whatever it may be, Joe. And in the last portion, Grassley demands to see communications between the DNC and he lists a series of names. Who's one of the names in there?
Starting point is 00:25:41 Cody Scheer. Now, folks, is it possible cody sheer now folks is it possible that cody sheer working on behalf of the clintons and blumenthal is the source of this dossier the entire time. Now, you may say, well, that's a big leap, Dan, right? Now you're saying that what? The dossier was produced by Clinton Confidants and given to Steele? We already know Steele's briefing the State Department. We already know there are relationships from people at the State Department with Scheer.
Starting point is 00:26:21 We know Scheer has briefed Clinton in the past through sid blumenthal now you may say okay well those are independent folks remember criminal cases and other cases are made on coincidence right if joe's at the scene of a scene of a murder with the knife in his hands and i didn't see it i don't know we murdered the guy all i know is there's knife holes and joe's got a bloody knife in his hand is it a coincidence are all of these coincidences i'm going to produce some more evidence that who knows? We'll see. You can put two and two together. Okay. Let's see. Here we go on. All right. From the Daily Mail piece by David Martosco. This is just was this yesterday buried in the. This is a quote from the piece buried in the referral they're talking about the grasley referral here joe buried in the referral is the revelation that steals second memo in other words he writes a second memo there's not just one dossier was based on information from a foreign source who sent it to him through an unnamed Clinton confidant. Who was that? And an Obama State Department official.
Starting point is 00:27:28 The Guardian reported last week that Steele gave the result to the FBI in October of 2016. Steele gave information to the FBI provided by a what? Let's quote that again. A Clinton confidant and an Obama State Department official. Let me read to you something else. Victoria Nuland has an interesting, interesting past here. Let me read you a little snippet from a piece I read yesterday in the show. President Obama has announced plans to promote State Department spokeswoman Victoria Nuland.
Starting point is 00:28:03 Nuland has been accused by Republicans of helping mislead the public about the attacks that killed four Americans in Benghazi. Ha! Why? Why would they? So Scheer is in Libya. Scheer's partner here, Blumenthal, who's a Clinton confidante, are writing memos. Memos that, you know, talk about chaos in Libya that Blumenthal would benefit from
Starting point is 00:28:26 because of his company. Newland is at the State Department. Newland and Clinton go way back. Newland was the chief of staff for Clinton's deputy secretary of state. Oh, who, by the way, was Cody Scheer's brother-in-law. Holy crikeys. That's just crazy how all this happens. Benghazi turns into a total mess. Nuland covers it up with nonsensical talking points. Scheer is providing information that would have clearly benefited his group financially if chaos ensues in Benghazi and Libya, which it did later. These talking points get to steal from a Clinton confidant and a State Department official who there's an established relationship. And we already know Newland is working with Steele in the past because it's already been reported.
Starting point is 00:29:14 Folks, if you listen to the earlier episodes, I suggested to you that anyone who attempts to tie this up in a neat little bow will be disappointed. Yeah. Because that's how I can always tell a conspiracy theory, by the way, when there's a neat answer to it. Because my experience in government is that people are too stupid to pull things off and neatly package them up in a bow. I'm sorry. They are.
Starting point is 00:29:42 You may say, well, Dan, you're talking about a big conspiracy theory. How can they be so stupid? Again, they got caught. This is why we're talking about it. They're too dumb to figure it out. That's my whole point. This was so poorly designed, this spying operation on Trump, that this is my point.
Starting point is 00:29:58 People are too dumb to cover it up. Folks, this is not going to be tied up neatly there are a lot of players this is my point on this because i i may lose you here my point on this is there were so many dirty players in the obama administration that had so much to cover up promotion ofotion of chaos in Libya that led to possibly the death of Americans. Uranium One deals that were never brought up in front of CFIUS as we sold uranium to the Russians. An Iran deal, a corrupt Iran deal, cash payments being made. There was so much that needed to be covered up by so many. My point is this, don't ever forget this.
Starting point is 00:30:47 Everybody put their professional credibility, everybody involved in this scam, the spying scandal on Trump, put their professional credibility on the line to dirty up Trump because they all had something to lose. Nuland covering up the Benghazi talking points. points sheer producing briefings on libya then and later on we had a terror attack in benghazi everybody had tracks to cover if donald trump was elected he was never going to play by the rules do you understand what i'm telling you donald trump was the most disruptive political candidate in modern political history. I said to you during yesterday's show that there is a real swamp, even in conservative activism and commentary. Gosh, just go on Twitter and look at all the fake conservatives who come after me all the time.
Starting point is 00:31:40 It's not a pity story, folks. I live in Palm City, Florida. I really look outside of some Twitter wars that affects me little to none except for it wastes some of my time the standard republican candidate joe would have done what they would have gotten elected and say it was president joey bag of donuts senator from whatever i don't want to impugn anybody's reputation he gets elected if he beats hillary clinton or she whoever it may be and they do what every swamp rat republican has done in the past oh it's all over folks let's let these people go it's no big deal because why they don't want to upset the media they don't
Starting point is 00:32:16 want to upset the apple cart and they certainly don't want to upset the deep state the obama team understood the entire time benghazi the irs scandal uranium one the uranium one deal the iran deal folks these are things that actually happen they're not conspiracy theories there are dead bodies in benghazi this happened the obama administration there are multiple players who had something to lose here. They all had a stake in ruining their professional reputations to make sure Trump never, this never saw daylight. Because I'm getting a lot of questions. The motivation for today's show, just so you're clear, well, there's a lot of them, but one of the emails I got yesterday, and I feel like maybe I did you a disservice, some of the people said well why carter page i don't understand if they were going to go after the trump team you know why carter page later on folks
Starting point is 00:33:12 do you understand what i'm telling you that there were multiple levels of the obama administration and hillary clinton people in power and government that had been engaged in questionably corrupt activities for so long that they all had a stake in making sure the Trump team went down. So why Carter Page? Because they had nothing else. Do you understand they had nothing else? do you understand they had nothing else? If Russian collusion had existed, there would be a FISA warrant against Donald Trump or Donald Trump Jr., but there's not. The only thing they had was a guy named Carter Page
Starting point is 00:33:58 who had worked for the FBI in the past. Folks, look up the case yourself. U.S. versus Barry Yakov, who had worked as an informant for the FBI in the past, folks, look up the case yourself, U.S. versus Buryakov, who had worked as an informant for the FBI in the past to nail a Russian spy. They turned on him. He was the only thing, they had nothing else. What else were they going to do? The dossier, why Carter Page?
Starting point is 00:34:24 Let me explain it simply. The dossier, if you've read it, is 30 plus pages laden with Carter Page information. It was the only thing in the fake dossier they could use. They had nothing else. Nothing. Joe, is this making sense? Yeah and there's really there's nothing more to it than that They had nothing else
Starting point is 00:34:50 Read the dossier An overwhelming portion of the dossier is about Carter Page And it's fake They didn't have anything else Folks put yourselves for a second in their shoes multiple layers of the obama administration bureaucracy and their political appointees are knee-deep and at a minimum questionably corrupt activities the irs scandal benghazi the approval of the Uranium One deal.
Starting point is 00:35:31 They lose the primary, and I say they, I mean the swamp, to Donald Trump, because they all lost. They're now like, holy crap, if one of these other Republican nominees would have got elected, what would have happened is what would have happened always. It would have just went away, we'd be okay. Now you have this major league, one disruptor in there who doesn't get doesn't need money doesn't need donors doesn't need anything and has absolutely committed in debates to taking hillary clinton down they're panicked they need to dirty this guy up but folks they can't blatantly lie to the court to surveil on him, the Foreign Intelligence Surveillance Corps, without some legal patina of cover.
Starting point is 00:36:10 They need something that fakes it, something that at least looks. They can't just walk in and go, hey, judge, we want to spy on Donald Trump. Why? Because we don't like him. Someone gets the idea, hey, didn't that Carter Page work with the FBI? Hey, I've got an idea. If we produce a dossier, pay attention here, if we produce a dossier and a second dossier, but we do it through a, quote, British spy,
Starting point is 00:36:38 but we feed him the information from the Hillary campaign, Hillary's people in confidence feed this British spy. It'll look official. By the way, did you know this British spy had worked with the FBI before? So he probably has contacts. Oh, that would be great.
Starting point is 00:36:57 So how about we spoon feed him information on foreign briefing information about Donald Trump from the Russians. Remember Brian York's piece? Steele's same sources on Ukraine-Russia were the same sources on Trump. All of a sudden, that information makes it to Steele. Steele presents it to the FBI as his own.
Starting point is 00:37:20 The FBI says, we've worked with this guy before. He's credible. And if you listen to yesterday's show, what did I tell you? There is no vicarious credibility. Steele did not see any of this himself. The FBI's big mistake was assuming Steele saying he heard it. And Steele was credible means information is credible. There is no such thing as vicarious credibility.
Starting point is 00:37:39 Steele cannot vouch for someone else. He cannot. Listen to yesterday's show if you missed that. It's a critical piece. Andy McCarthy discussed it. It's in my show notes for yesterday. There is no such thing as vicarious credibility. The FBI's mistake was not, and I'm not willing to say this yet, but there are only two possible solutions here.
Starting point is 00:38:00 The FBI's mistake was either ignoring, knowing that the information was given to steal from politically motivated sources, or not knowing and not verifying their asset. All right, folks, I have more on this. I've gone kind of long, but I do have to get to some of these reasons. There's so much here. My apologies. I'm just very passionate about some of the connections we're uncovering, and they are very, very disturbing. I got more. Today's show also brought to you by buddies at iTarget. Folks, iTarget is one of the best systems for proving your marksmanship out there. Listen, anybody can fire a firearm, okay? The question is, can you fire it accurately?
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Starting point is 00:40:40 to know. The animal rights activists make. We did not actually, neither Joe nor I shoot the wings off a firefly, nor did we test on them in the process of recording that. Thank you, Joe. That's really important. Hey, also, if you didn't catch yesterday's piece, that's funny. You didn't catch yesterday's piece by Daniel Greenfield, which is in yesterday's show notes. I'll put it again in today's notes.
Starting point is 00:41:00 There is an interesting line he has in there when he harks back to what we're discussing on today's show. Remember, the overall theme of today's show has been the information superhighway. How is it that political information made it into the hands of law enforcement, bypassing all of the obstacles that we set up in this country so politicians can't target their enemies? this country so politicians can't target their enemies. I suggested to you that First Avenue was Bruce Ohr at the Justice Department, whose wife worked for Fusion GPS, who was hired by Hillary to get information on Trump. This entire show has been about this second superhighway, which are established relationships between Cody Scheer, Victoria Nuland at the State Department, Victoria Nuland and John Kerry getting briefs from Christopher Steele, Christopher Steele getting information from a, quote, Clinton confidant, that Clinton confidant is likely going to be Cody Shear or Sid Blumenthal. Folks, they were creating the dossier. Do you know how damning that is? We've been operating the entire time.
Starting point is 00:42:07 that is we've been operating the entire time and i i will over some of my beefs with them lately unnecessary by the way but um i will give a credit to um the guys at the conservative treehouse because a while back what they did some one of them wrote a piece that someone sent me a little while ago where they had suspected a while ago i don't know what sourcing they have or they don't but had suggested that the dossier may have been under the control of the Clintons the whole time. So they must have had a pretty decent source on that because that certainly appears to be the case now. That this dossier, we've been operating under the premise the whole time, Joe, that this was an independently produced document by Christopher Steele. Yeah. Not independent of a financial motive. Hillary's paying Fusion GPS for Steele to go gather bad stuff.
Starting point is 00:42:47 But we've been at least under the premise this guy was a legitimate former MI6 guy who had sources. Now we're finding out that the entire time the dossier may have been a product of Hillary Clinton's intelligence? Folks, this is really absolutely stunning stuff. Now, getting back to the Greenfield piece, the opening paragraph of his piece in Front Page Mag about this soft coup going on here is stunning.
Starting point is 00:43:13 And he's absolutely right. He said, you know, the competing narratives, remember we discussed yesterday, that you can't have it both ways, by the way. Democrats in one case wanted you to believe on Friday before the release of the memo this was going to jeopardize national security. And then by Saturday, they were telling everybody there's nothing to see here is a big dud.
Starting point is 00:43:31 Greenfield says, no, they weren't. They were right, Joe. The Democrats, their assertions that this was going to hurt our sources and methods. In other words, the intelligence sources and methods, if we released it. Greenfield's premises, they were absolutely right. They just weren't telling you who those sources and methods were if we released it. Greenfield's premises, they were absolutely right. They just weren't telling you who those sources and methods were. That's right. It was going to expose Obama's sources and methods
Starting point is 00:43:51 for using the police state to attack their political opponents. And those sources and methods were the Hillary Clinton campaign and their consiglieres out there gathering information on Donald Trump. Jeez. Folks, do you understand how damaging this is? Gosh. Now, were you following me, Joe? Yeah, I followed you all the way on that.
Starting point is 00:44:15 Yeah. That's why I'm shaking my head like I am. Just to reestablish here, some relationships and the connectivity of people. Victoria Newland at the State Department, Assistant Secretary of State, is getting briefings from Christopher Steele, who's being paid by the Clinton campaign to gin up information on Trump, which he gets from Russian sources, supposedly, and it's fake. They need the information to get to the FBI. The FBI will not be able to take information directly from the Hillary campaign.
Starting point is 00:44:49 We now know that Steele is getting briefings from Clinton, quote, confidants. I'm telling you that there are connections here as well. Newland works for Strobe Talbot, the deputy secretary of state under Bill Clinton, whose brother-in-law is Cody Scheer, who is briefing Sid Blumenthal, who is Clinton's best buddy and henchman, who's used to providing briefings about Libya in the past. Nuland, obviously Benghazi happens. Folks, I'm trying to set this up that everybody has an interest in making this story go away. Nuland drafted up some of the talking points on Benghazi afterwards. Now, here's where the story gets really interesting. Hold on.
Starting point is 00:45:32 I got to read to you a piece here. This is where it gets fascinating. By the way, Victoria Newland, as I said yesterday, leaves their position voluntarily when Donald Trump gets appointed. Gee, I wonder why that happened. All right. I still haven't even gotten a clapper. Yeah.
Starting point is 00:45:50 I'll get to that in a second. Now. Oh, here we go. Folks, again, in case you think I'm making this up and we're getting all tinfoil cap, piece from the Washington Post by Josh Rogin, who, by the way, is trying to rescue the fbi in their mismanagement of this case he's not he's not trying to indict the clintons but here's a
Starting point is 00:46:11 piece from the washington post from 2014 to 2016 steel did send periodic reports containing his own intelligence and analysis of russian ukraine to carry state department officials confirmed to me this is rogan talk from the washington post the connection was through state department official jonathan weiner who was the u.s special envoy for libya from 2013 to 2016 get a load of this you want to really cook your ass this is over easy fellas and ladies weiner had a prior friendship with steel and passed on steel's analysis as a courtesy to the state department's europe bureau led at the time by assistant secretary victoria newland the state department received approximately one steel report a month a couple dozen in total officials said let's see who jonathan weiner is jonathan weiner from a speech he gave at a conference lawyer
Starting point is 00:47:13 consultant and diplomat from maryland jonathan weiner is a lawyer consultant diplomat who served as the state department's first deputy assistant secretary for international law enforcement from 1994 to 1999 during the clinton administration and until january 2017 as the u.s special envoy for libya in the obama administration In the Obama administration? What? Come again? So Weiner, who, by the way, the Washington Post is already acknowledging, already acknowledging, sent information on to the FBI, is tight with Victoria Nuland, who prepared the Benghazi talking points. Oh, well, Weiner was the special envoy to Libya?
Starting point is 00:48:05 Dude. And Weiner's got a friendship with Steele who's being briefed by Hillary Clinton people? Folks, is this... I mean, is your mind... Is your brain now officially upside down? If this is confusing to you, listen again. Because if I unconfuse it for you,
Starting point is 00:48:24 we're getting into conspiracy theory stuff remember what i told you when when government people are really some of them i'm not knocking the rank and file workers please i was a secret service agent i love them there are a lot of dopes in government government is not organized in a way smart enough or effective enough to keep secrets there were so many people with so many fingers in this that had so many reasons to make Trump go away that they all forfeited their professional reputations to do so. Here, from the Washington Post. Kerry didn't hear Steele's name in connection with Trump until late 2016, another former senior state department official said.
Starting point is 00:49:07 This is from the Washington Post. In late September or early October, this is unbelievable, Weiner prepared a two-page summary of information compiled from the series of Steele memos on Trump-Russia and connections commonly referred to as the dossier. Weiner's two-page summary was briefed to Kerry in early autumn, the official said. By that time, Kerry's staff had determined that the dossier was already in the FBI's possession.
Starting point is 00:49:32 As such, Kerry took no action, according to the official. Folks, that's the Washington Post insisting that Kerry took no such action as Weiner prepared this brief about Trump-Russia. Guys, come on are you they're already acknowledging there was an exchange of information between the State Department and the FBI Newland the reason I bring this up is newly in Newland won on a TV show this weekend and already said they gave the information to the FBI so what is it is the Washington Post right that oh they were
Starting point is 00:50:02 getting briefed by this guy Weiner by the way who knew Stee, they were getting briefed by this guy, Weiner, by the way, who knew Steele, who was getting briefed by Hillary Clinton, that it didn't go to the FBI? Or is Newland right in her talk show appearance this weekend where they said that, oh, we got the information and we passed it on to the FBI because basically we didn't know what to do with it? Do you understand how they're stepping on their own lies again? Mm-hmm. All right, folks. i got some more but we haven't even gotten to the more juicy parts of this this is just so disturbing how many people were involved in this i mean all right
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Starting point is 00:51:47 Save money, save time, breathe better with FilterBuy.com. That's FilterBuy.com, FilterBuy.com. Thank you to everyone who supports our sponsors. It means a lot. Okay. I'm sorry, folks, if today's show was complicated, but it's absolutely critical you understand it. And I'm begging you to please read the 2015 article in National Review.
Starting point is 00:52:09 It talks about, it's not that long, the relationship between Cody Scheer and Sid Blumenthal. And just to sum up where we were, because I want to take this somewhere else for a second here. I'm reading my stuff here as we go along because it's so complicated. stuffy as we go along because it's so complicated. The essential premise we were talking about at the beginning of the show is what was the information superhighway between the Clintons, the Clinton team, and the FBI? The second question I have in all caps here that I want you to leave the show seriously pondering was the Steele dossier, which the FBI swore on in court to spy on the Trump team, was the Steele dossier really the Clinton dossier the entire time? If that's the case, you have an active political campaign that sabotaged their opponent
Starting point is 00:52:59 by feeding information to law enforcement that was not properly vetted and that other team was spied on. Now, for those of you again asking, well, why Carter Page? Again, they had nothing else. The dossier was largely about Carter Page. Folks, if Russian collusion existed, it would have been in the dossier. It wasn't there. That's why Carter Page. They needed an end to spy on Trump. He's the only thing they had. That's it. They had nothing else. Does that part make sense? Joe, what do you think? Yeah, yeah. Right with you. Exactly. It's just hard to believe that it's that simple reason.
Starting point is 00:53:40 They have nothing else. They have nothing else. I don't want to believe it. It's just too easy. And to steal the line from my co-author on our upcoming book, we're almost done, folks. Too easy. And to steal the line from my co-author on our upcoming book, we're almost done, folks. This is all about information laundering. They had to get information from a political campaign, the Hillary's campaign and the DNC, to the FBI without letting a federal judge know it was political. That's what this was about. Scheer, Blumenthal, brief State Department people, same State Department people getting briefed by Steele. Steele has a relationship with Weiner at the State Department. Weiner is over in
Starting point is 00:54:10 Libya. Who's doing briefs on Libya? Cody Scheer. Who's he feeding him to? Sid Blumenthal. Who profits from chaos in Libya? Sid Blumenthal. What's he emailing Hillary about? Chaos in Libya. What happens in Libya? Chaos. Benghazi breakshazi breaks out oh we gotta make that go away victoria newland briefs up the talking points the fake talking points about libya victoria newland is getting briefed by christopher steel christopher steel knows weiner jonathan weiner excuse me weiner there's another anthony weiner in this kidiner. Victoria Nuland's getting briefed by Weiner. Weiner's briefing Kerry. Kerry's saying, we didn't pass it to the FBI. Nuland's on cable news this weekend saying, we passed it to the FBI. understand you're saying okay sheer and blumenthal are briefing clinton on libya the people in libya are now getting information from steel state department officials who deal with libya from steel benghazi breaks out we got to cover this we got to make this go away oh i got an idea
Starting point is 00:55:17 we got this guy christopher steel's putting together this dossier on trump trump's going to expose everything that happened in the ob administration. We all have our fingerprints in this. I got an idea. Let's use Scheer's information on Trump in this second dossier. We'll give it to Steele. Tell Steele to put it in a dossier because he was a former British spy. It'll make it look authentic. He's worked with the FBI before. And then we'll give it to the FBI as genuine nonpolitical information.
Starting point is 00:55:43 Read the Graslie memo. Read the Grassley memo. Read the Grassley memo. The assertion in there that the Clinton campaign was feeding information through a Clinton confidant to Christopher Steele is absolutely damning.
Starting point is 00:55:59 The Hillary Clinton campaign managed to make its way into federal court to spy on their opponent. By the way, what's one of the other names in the Grassley memo? Grassley's demanding communication in the memo between the DNC, email traffic between the DNC and these people. I told you Cody Scheer is one of the names. Who's one of the other names right after Scheer?
Starting point is 00:56:22 Jonathan Weiner. Folks, this thing is deep. It's complicated. It's also the most disturbing scandal in United States history. Now, I want to wrap this up and I want to go back to Jim Clapper for a second. Now, the reason I want to do that, to be clear, again, the first portion of the show was about the information superhighway and was the Steele dossier, the Clinton dossier, the entire time. Jim Clapper, during this scandal, is the director of the ODNI, the Office of Director of National Intelligence. He is the guy. Director of the ODNI, the Office of Director of National Intelligence. He is the guy.
Starting point is 00:57:10 Jim Clapper oversees the entire intelligence operation basically in the United States. Jim Clapper knows everything. Matter of fact, Jim Clapper, John Brennan, Obama, and Hillary may be the few people who really know the entire story. Well, Hillary maybe even didn't know the entire story. Seriously. I mean, she may have had a large majority of it, but Clapper on the intelligence front and on the spying operation on Trump, Clapper knows, Joe.
Starting point is 00:57:36 We have been focusing on Clapper a lot on the show, in case you are wondering why we keep using his soundbites, because Clapper knows everything and if you notice if you've been listening and joe's the audience ombudsman joe so if this makes sense or doesn't let us know the sound bites we've been playing a clapper and i've been sending you to produce for the audience here did you notice on all of them if you've been listening to show 628 on every soundbite is jim clapper always hedging um i did but no one told me um maybe i do but kinda maybe sorta did you do this everything why is clapper always hedging in his media appearances he's hedging because clapper knows all of this
Starting point is 00:58:20 clapper's in a world of trouble. Clapper was the head of the direct. He was the head of the Office of National Intelligence. He knows everything. Play soundbite for me, Joe. Number one, this is a C-SPAN clip from May of 2017. Folks, it's a little over a minute, but please listen. And as you're listening to Jim Clapper talk about. Counterintelligence cases where they're spying on American citizens, Carter Page, maybe listen to all the caveats he puts in about what he knew when he knew it and how is the issue of counterintelligence investigations conducted by the Federal Bureau of Investigation.
Starting point is 00:59:07 While I can't and won't comment in this setting on any particular counterintelligence investigation, it's important to understand how such investigations fit into and relate to the intelligence community and at least the general practice I followed during my time as DNI with respect to FBI counterintelligence investigations. When the intelligence community obtains information suggesting that a U.S. person is acting on behalf of a foreign power, the standard procedure is to share that information with the lead investigatory body, which of course is the FBI. The Bureau then decides whether to look into that information and handles any ensuing investigation if there is one. Given its sensitivity, even the existence of a counterintelligence investigation is closely held, including at the highest levels. During my tenure as DNI, it was my practice to defer to the FBI director, both Director Mueller and then subsequently Director Comey,
Starting point is 01:00:05 to the FBI director, both Director Mueller and then subsequently Director Comey, on whether, when, and to what extent they would inform me about such investigations. This stems from the unique position of the FBI, which straddles both intelligence and law enforcement. And as a consequence, I was not aware of the counterintelligence investigation Director Comey first referred to during his testimony before the House Permanent Select Committee for Intelligence on the 20th of March and that comports with my public statements. Really? So you were the head of national intelligence under Barack Obama and you didn't know nothing about nothing? Kind of fascinating because he's out in front of the media all the time talking about how they had information on this dossier, which was the central component of this counterintelligence investigation.
Starting point is 01:00:50 Oh, you don't believe me? So just to be clear, in May of 2017, he testifies in front of Congress saying, I passed it off to Comey. And, you know, they discussed the when, the where, the why and the how. And if they want to tell me, they tell me. But I didn't know nothing, man. Fascinating. Play Jim Clapper on October of 2017 talking to Aaron Burnett on CNN
Starting point is 01:01:15 where a discussion of the dossier comes up. And his answers are even more fascinating. He just now refers to it as the fake dossier, which is why I wanted to make the point that some of it has been corroborated, but far from all of it. Do you think more or most of it is true, or would we know that by now?
Starting point is 01:01:31 Well, I don't know that. First, I do want to comment on the pedigree of the financing, the audit trail there. When we did our Intelligence Committee assessment, we were aware that there had been research done and that some Republican candidates, as a matter of fact, had contracted through, I think, Fusion GPS to obtain what later became what's known as the dossier. So Clinton paid for part of it, but it had been started and paid for by Republicans. That work was, as I understand it, was handed off later to the DNC or the Clinton campaign. So I think this is something that bears an audit trail by experts in finances that can track the auditing for this
Starting point is 01:02:19 and to see who is ultimately responsible for it. I think with respect to the dossier itself, the key thing is it doesn't matter who paid for it. It's what the dossier said and the extent to which it's corroborated or not. We had some concerns about it from the standpoint of its sourcing, which we couldn't corroborate. But at the same time, some of the substantive content, not all of it, but some of the substantive content of the dossier, we were able to corroborate in our intelligence community assessment, which from other sources in which we had very high confidence.
Starting point is 01:02:56 So when the president just refers to it as fake dossier, that is false. I don't think that's the accurate characterization for the entirety of the dossier. Wait, what? There is so much in there. So he says at the end, this is fascinating, Joe. We were able to corroborate portions of it from other sources. Who are those other sources? Were those sources Cody Scheer, Jim?
Starting point is 01:03:18 Because in a clip two minutes earlier on my show, when you spoke in front of Congress, you said you didn't know nothing about nothing now all of a sudden you knew about the uh the dossier matter of fact your assessment was that it was research being conducted by the gop that was passed off to the democrats as you understand it i thought you didn't understand it i thought you passed it off to jim comey you may say all right i, I'm lost. Jim Clapper's lost. Clapper's lost because he's clearly trying to obfuscate here. Now he's trying to, notice what he says, by the way. He says at the last portion of that, he goes,
Starting point is 01:03:57 well, the information was corroborated by another source. Was that source Cody Scheer? Because if the source was Cody Scheer, he was working for the Clinton campaign was briefing Steele. So Steele Scheer briefed Steele on information that Steele produces the dossier. Then
Starting point is 01:04:13 Clapper thinks that the information is verified because there's another dossier by Cody Scheer, which was the briefing document used to produce the Steele dossier. Then he says something very telling. This is Jim Clapper constantly covering his butt. He goes, well, it doesn't really matter who paid for it. You think you may have said that because you were aware that it was paid for by the
Starting point is 01:04:37 Clintons the entire time? Folks, Clapper is the key to this whole thing. Clapper is the key to this whole thing. Clapper is the key to this whole thing because he's one of the few figures who understands the entire depth of the operation and what happened here. Clapper is desperate to make this go away and cover his butt. Watch his appearances. They are damning every single time.
Starting point is 01:04:59 He steps on himself. He tells stories that contradict each other. I didn't know anything. I turned it over to the FBI, he says in the first hit. In the second sound on tape clip there, what does he say in the second clip? Oh, well, we got the information initially from Republicans who prepared the dossier. Not true. The Republicans had nothing to do with the dossier at all. That was exclusively a Democrat project. The opposition research was paid for by uh republicans but that stopped after trump won the party the dossier was exclusively a democrat project how did he know that if he wasn't being briefed on what was going
Starting point is 01:05:33 on how did he know that oh we go from what i understand everything's a caveat with this guy it doesn't matter who paid for it why because the clinton's paid for it the information was verified by another source who was that other source cody sheer working for sid blumenthal working for hillary clinton folks these people are in a world of trouble and this guy is the key to everything all right let me check the time here hey all right let me just hit one last thing here because this is important um on the stock market because this is this is critical information and this is important. Cool. On the stock market, because this is critical information and this is a rough time here. Folks, I said in the beginning of the show I'd address this quick,
Starting point is 01:06:10 but don't panic. Here's what's been going on for a long time now. Interest rates by the Federal Reserve have been suppressed through quantitative easing, the buying of assets using our Federal Reserve. Inter interest rates have been suppressed. What is an interest rate? An interest rate is essentially the price of money. When money's cheap, like anything else, people are going to consume more of it. A lot of people have taken that money at low interest rates because they don't have to pay high interest rates, and they've purchased stocks chasing yield, chasing a return. Some of that borrowed money is in accounts and margin accounts that as stocks go down and
Starting point is 01:06:47 decrease, people have to sell off in order to maintain a certain level of money in that margin account. You're going to see a correction over time. I would not worry about this too much. I think this is going to be, if interest rates were going down, which they're not, they're going up. If interest rates were going down, the they're not, they're going up. If interest rates were going down, the cost of money was going down, and the stock market was going down too, I would be very worried. Because that would mean, Joe, think about it. People are offering you money very cheap, and you're still not buying stocks. You get what I'm saying?
Starting point is 01:07:17 Interest rates are going up. The cost of money is going to go up a little bit. There's going to be a correction in the stock market. Stay focused on the long term. I mean, I'm not a financial advisor. I'm just saying the Trump tax cuts were a really good thing. If we can control government spending, I think we're on a good growth path. And I think the projected future earnings of these companies are going to be just fine. I wouldn't panic. I wouldn't get too over crazy about this. There's going to be a correction. I wouldn't be surprised
Starting point is 01:07:40 to see a little volatility over the next few months, but I think it has more to do with expected growth in the economy and interest rates going up than it does anything else at this point. There's been a lot of exuberance to steal my favorite guy, Alan Greenspan word. There's been a lot of exuberance about stocks. There's going to be a correction and I wouldn't worry too much. I mean, as the cost of money goes up, it's going to get harder to acquire money and harder to purchase assets with it if you're borrowing it. So it's not really that unusual that you'd see some kind of a mild correction. So don't worry too much. All right. I know, folks, I'm sorry. There's so many other stories and things going on, but this is just such a critical case that I felt the need to really go into this today. That make sense, Joe?
Starting point is 01:08:20 Yeah. I was going to tell you, you needed to go in that direction. You have to understand this information superhighway is everything in this case. How judicial restraint, how normal firewalls were breached during the Obama administration to spy on the Trump team. All right, folks, thanks again for tuning in. Please go to Bongino.com. Sign up for my email list there. I really appreciate it. Make sure you read the show notes today.
Starting point is 01:08:43 You just heard the Dan Bongino Show. email list there. I really appreciate it. Make sure you read the show notes today.

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