The Dan Bongino Show - Ep. 678 What Did Obama Know? When Did He Know It?

Episode Date: March 16, 2018

Summary: Did Obama lay the groundwork in 2012 for the 2016 spying attack on the Trump team? The evidence is compelling and troubling. I also address another explosive connection between the Clinton Foundation and the spying scandal. Finally, I discuss the liberal love affair with inflation and negative interest rates and why this matters to you.    News Picks: This incredible piece discusses a possible mechanism by which the Obama administration covered its tracks in the spying scandal.    Did Obama’s 2012 dirty tricks lay the groundwork for their 2016 spying attack on Trump?    More on Obama’s 2012 dirty tricks.    The Trump tax cuts are now in effect and the numbers are in. Here’s what happened to tax revenue, and it’ll drive liberals mad.    The Clinton Foundation is in a world of trouble.   Is this what the Clintons are hiding?   Obama’s administration removed 500k names from the background check system for a bizarre reason.    Copyright CRTV. All rights reserved. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Growth is essential for every entrepreneur. At BDC, we get that. And the businesses we support grow at double the average rate, accelerating the pace. We're on it. BDC. Financing. Advising. Know-how. Get ready to hear the truth about America on a show that's not immune to the facts with your host, Dan Bongino. Welcome to the Dan Bongino Show. Producer Joe, how are you today? Fair to middling, babe. Fair to middling. That's a good thing. I have, you know, I wake up in the morning always excited to do this show. But I'm telling you, and I'm not overselling this, today's show is stacked. Stacked! So much so, Joe and I were screwing around before the thing which we're always messing around before the show and we were actually playing the drops for each other oh yeah

oh yeah oh no oh no i'm coming for you elizabeth this is what we were doing before the show so in case you think like this is an act between Joe and I, it's not. We spent about five minutes just playing drops for each other, not on the air. Just laughing. Just laughing our butts off about drops. Oh, no. The whole time. You almost got it.

You almost got it. Oh, man. I'm trying. All right. So here's what I got for you today. I'm going to try to get to it all i have some unbelievable news about the obama administration and they're rolling this entire debacle that's gonna just blow your mind and i came across in some research this is why i'm stoked about the show this morning another mind-blowing mind-blowing piece of information about the Clinton administration, an investigation that's going on.

And you know how I always tell you, you know, remember the names? In this case, it's going to be remember the name of an organization. And when I say it, you're going to be like, wait, what? And it's all going to make sense why the, just to sum this up, why the Obama administration, the Clintons are covering up this whole debacle, the spying thing, why they needed it, why they needed Trump to go away. I want to get to this cash is control thing too, because there's a really cool piece I read and a couple other things. So let me get right to it. All right.

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Promo code DAN35. All right, let's get right to it. So first, before I get to the stories. So Trump put forth some new sanctions yesterday on Russia, proposed new sanctions on Russia yesterday. And this I've always told you the hallmark of a conspiracy theory is when it's always self-reinforcing. In other words, the hallmark of a nonsensical conspiracy theory is no matter what facts or data come out it always reinforces the conspiracy theory this is how you know the trump russia fiasco this is going to be a perfect lead into my story today the trump russia the you know nonsensical muller x files investigation based on nothing is a conspiracy theory because yesterday he proposes these sanctions on

russia which are going to impact r Russia enormously. Putin is pissed about it. And what are people on the left coming out and saying? This is evidence of the Trump-Russia scandal. Joe, I'm not kidding. It's ridiculous. They're like, look, he's now confirming. This is the logic of the Looney Tunes kooky left. They're saying, look, he's now confirming that Russia embedded itself in our election

process. They overturned the process. They worked to get him elected, and he's confirming it by imposing sanctions on him. Joe, you see my face? What am I doing right now, Joe? You got your head in your hands. I can't take it, it folks this is the hallmark of a conspiracy theory it is a conspiracy theory the the the you see this every time no matter what comes out it is evidence that the conspiracy happened so he's imposing sanctions to impact russia but he's supposedly a friend of russia and russia used him and got him elected to help Russia, but he's using sanctions on Russia to hurt Russia, but him trying to hurt Russia is evidence of the fact that the Russians got him elected. All right.

You're just, you're all nuts now. Now, I bring that up because this is obviously a conspiracy theory, but why? You know, why is the left, the radical left, and the Obama and Clinton team still so committed to keeping this conspiracy theory Mueller investigation ongoing? Oh, did I come up with some fantabulous info yesterday? So, these pieces will all be in the show notes, by the way. And I insist you look at them, please, if I can't really insist. But I want you to check them out and be really good. There is a piece by Lee Smith and Tablet Mag. Lee Smith has been doing extraordinary work. I will put it in the show notes today, which covers how the Obama team may have covered

its tracks a little bit while they were spying on the Trump team during the campaign and his subsequential presidential elect period, right? Yeah. This is interesting, Joe. Smith says, according to one of his sources, there were two clouds of information out there, Joe. You have the NSA cloud where a lot of the metadata is stored. In other words, to keep it simple, folks, where Joe Armacost and my texts and emails are, right? That's the NSA cloud, right?

Right. Apparently, according to his sources, there's a CIA cloud, too. Really? Now, upper-level people in the national security and intelligence apparatus, Joe, can move information between these two clouds. They're not necessarily the same information.

So you're tracking me here? This is cool. Yeah, I'm tracking you. This was a great piece of info. Smith says in his piece that according to one of his sources, the NSA cloud can be audited, I don't want to say easily, but the process is a little simpler and more elegant to audit the NSA. So if you're going to tap into NSA metadata to spy on Joe in the NSA cloud, there's an audit trail there. Let me just read to you.

This is from Smith directly in a piece. And please read this in the show notes. It is a spectacular piece, right? According to his sources, he says, the NSA database with its large large and ongoing collection of electronic communications, can be accessed through the NSA's cloud, said one former senior intelligence official. The NSA can audit it and find out if analysts are violating the rules. Goes on, though. This is important. the CIA's cloud, which is audited by the CIA's IT people and Amazon Web Service employees who are given security clearances, says the former official.

Now, why does that matter? I read this. I'm like, damn, this makes perfect sense. The Obama team doesn't want to leave. Remember, I've said to you from the start here, they're spying. They were spying on the Trump team. They were spying on the Trump team through foreign intelligence that was giving them information. Again, already reported by CNN and others.

It's not conspiracy theory stuff. The British GCHQ and other foreign governments are giving the Obama team information and their intel apparatus on the Trump team. As time goes on, it becomes clear, I believe, to the Obama team that they need a legal face to the spying operation. So they find Carter Page, a convenient scapegoat who had already worked with the FBI in a case locking up a Russian spy where Carter Page assisted the FBI. They see whether in the newspapers or they get wind through their political channels, the Obama team, that Carter Page is jumping on board as a foreign policy advisor with the Trump team. Remember, Joe, at the time, you and I lived through the campaign.

We were both in political talk radio. The Trump team, you remember, had a really difficult time recruiting high quality foreign policy people. They'd already been scooped up by Rubio and Cruz and Walker in the beginning and other people. Trump had a tough time. That's how Carter Page, who, listen, I don't know the guy personally, I'm not knocking him, but he's not really a top tier, tier one foreign policy guy if you were running for president. But the Trump team didn't have a choice. So the Obama political class and their insiders get when the Carter Page is joining the Trump team team i'm still not sure how exactly that happens who pushes him in there whatever but somebody uh bells and whistles go off you're ah we got our guy this guy's worked with the fbi before we know he's had contact with

the russians he can be the legal face so they go and get in fisa warrant on carter page knowing they have the two hop rule the two two hop rule, meaning they can spy on Carter Page, his texts, his emails, hop to someone he's communicated with, and then hop again to the person that person's communicated with, which, folks, effectively means that by spying on Carter Page through the legal FISA process, they can spy on the entire Trump team through those two hops. Think about what that means. If I'm going to spy on Joe, Joe emails, whatever, Dan Bongino. They don't only get my emails, they get everybody I email's emails too. That's the two hops.

So by two hops, they have a legal face on what was an illicit operation, I believe, and an effort to circumvent and kind of arbitrage the process, the spying process in the past by getting information from foreign governments. They knew that couldn't go on forever. Now, one of the other, so we clear on this, Joe, the mechanisms to spy.

First, they're getting information from overseas intelligence. They know that can't continue forever. Right. They then put a legal face on it by going after Carter Page and getting the FISA warrant. Yep.

The third prong of this attack is unmasking episodes. All right. Pretending you're spying on foreigners when what you're really doing is reverse targeting. It's perfectly legal to spy on foreigners who are, you know, in foreign government officials. And it should be who are not us citizens and not in the United States.

They have no constitutional protections. What is not legal is to say you're doing that, but what you're really doing is listening in on the conversations of Americans talking to them. Here's the catch. Those Americans are masked, meaning it just says when you're spying on those foreign people, you know, whatever, Russian ambassador so-and-so talks to U.S. person one. Well, that doesn't help if the identity's masked. You need to know who person one is.

So you unmask. That's what unmasking is. Now, unmasking, although bizarrely legal, I don't think it's constitutional. Let me be crystal clear on that. But legal is the third prong by which the Obama team spied. It's important you understand that. I know I've explained it, and I don't mean to beat you to death with it, but you really have to get that. Because it was going to be understood through these unmasking requests that left a paper trail or at minimum an electronic trail. Probably more apropos in this electronic era. It left an electronic trail.

And ladies and gentlemen, it was going to be quite obvious through an audit trail of unmasking requests and other requests to tap into the metadata database. It was going to be obvious that all of the people who were unmasked were Trump people. Meaning U.S. person one, U.S. person two, U.S. person 2,762. Wow, it's awfully convenient they were all Trump people, which would have said, obviously, that this was a reverse targeting operation. They weren't targeting foreigners. They were targeting the Trump people.

What, by chance, you were only listening in on foreigners who were talking to people connected to the Trump team? What do you think, we're idiots? What was that? What movie was that? Oh, it was Rocky IV. When the kid is sitting there

and he's watching his dad fight Drago and Rocky's son is home. And he goes, that's my dad. And his friends go, we know. What do you think we are, nerds? Well, this is one of them. What do you think we are, nerds? If the unmaskings are all of Trump people,

it's obvious you were not targeting foreigners. You were targeting them. So they had to hide it. Now that you've got the setup again, and I've told you the initial story, does it make sense now why Lee Smith's piece may be onto something? If they continually did this, Joe,

through the NSA cloud, the NSA cloud is audited in a more rigorous process that leaves an electronic trail of, holy crap, look at all this. They were tapping into this database for this guy, that guy, and they're all trump people oh my gosh yet you can transfer the information from one cloud to the next and the cia cloud was controlled by who was the director of the cia let me think scratch me you got that head scratcher there that head scratching uh drop? Okay. Ah! The head scratch. It reveals an unbelievable piece

of information. Once I touch my head and scratch it, all the information. It was John Brennan! There we go! How did I forget that? John Brennan. Obviously, I knew who it was. Sarcasm dripping from my fangs. John Brennan, political hack of the highest order, knee-deep in this entire thing, and the one pushing this story about the dossier and Trump being a bad guy the entire time. Move it from the NSA cloud, the NSA cloud controlled at the time by Mike Rogers. Mike Rogers, who, as I've told you from episode 628 on, is the guy I believe, and many others believe, did not want to play ball with this spying operation.

Remember, it's Mike Rogers at the NSA who requests an audit of all of these attempts to access and get information from the metadata database. He requests an audit because he smells something wrong. He's also the one who visits Trump after the election November 17th after he wins 10 days afterwards at Trump Tower makes an unannounced

visit, doesn't tell the Obama team he still works for. Remember, Trump's just the president elect. And then Trump conveniently evacuates Trump Tower the next day and goes up to Bedminster, New Jersey. Convenient how that happens. Now does the, they wiretapped us March tweet make all the sense in the world?

Oh yeah. Oh yeah. You're darn right, Randy. What did Rogers tell him that day? Folks, I can't get out of my lane. I obviously, I was not in on the conversation, but I find it awfully suspicious that a senior government source is saying, hey, they moved information or could have moved information from the NSA cloud controlled by a guy who visits Trump in Trump Tower. Mike Rogers said, his head of the NSA,

after he's elected, doesn't tell Obama about it and his team. Trump leaves Trump Tower the next day. Rogers knows about this whole spying operation unquestionably. The following days after that, Brennan and the Obama team call for Rogers to be fired, which is amazing. They're leaving office in weeks. Why do they want Rogers to be fired now? Now, is Rogers a good guy in all this?

I'm not sure. You may say, well, Dan, you're telling us now, or you're at least insinuating that Rodgers may have told Trump he was being spied on. I'm not sure if he was covering his butt or if he was really a good guy. And I'm not. I don't know. He may be the good guy. He may have just been covering his own butt.

You see what I'm saying, Joe? I'm saying, listen, now that Trump got elected, I don't want any part of this thing anymore. I'm not sure. I don't know. I know my limits on this. But I'm telling you, coincidence, when it adds up, no case in a... I was an investigator. Nothing is ever proven, okay?

It is proven beyond a reasonable doubt. I have been laying out to you from episode 628 on a series of coincidences here that are getting well beyond a reasonable doubt that there was a crime committed. Leaking of classified information, spying on the Trump team outside of outside of the probable cause limitations on it. limitations on it. Now, if the information, if what Smith is saying in this piece, which is really staggering, Joe, that information may have been moved from the cloud, the NSA cloud to the CIA cloud, that's staggering in and of itself. The question we should ask is, well, why was it moved?

If it's the same information, why not access it through the NSA channels? And if it was to avoid an audit trail, because the CIA was under control of John Brennan, a political hack at the time and Obama crony, whereas Rogers wasn't a crony, then, man, we got a darn serious problem. Is this making sense, Joe? I mean, I read this this morning. I was like, oh, I can't wait to get on the air with this. Yeah, it's pretty clear. Yeah.

Now, just one more quote from the Lee Smith piece. Read it. It's so good. It's about Mueller and him covering his tracks and what they're covering up. But that's how I started off. That's why I started off telling you about the spy game, the foreign intelligence, the unmasking requests, and then the legal face of the Carter Page FISA warrant to show you how they have to cover this up. And that's the gist of the Lee Smith piece, that the smaller thing is a smoke screen.

It's a facade. I've been saying that forever. Yeah. He goes on in the piece, this former official that Lee Smith is talking to, this intelligence guy says, there are people in the CIA, the office of the DNI, Director of National Intelligence, and the National Security Council staff who can move information from the NSA cloud into the CIA, the Office of the DNI, Director of National Intelligence, and the National Security Council staff, who can move information from the NSA cloud into the CIA cloud? That seems like the likeliest scenario to explain how Obama officials first unmasked U.S. persons and then shared information without leaving a trail that could be either audited independently or immediately at every step. What?

Wait, come again? This is mind-blowing information. Smith is right on this, that they transplanted information from one database, the NSA, controlled by basically a non-Obama bootlicker, database at the NSA, controlled by basically a non-Obama bootlicker, to an agency controlled, sadly, by an Obama bootlicker in Brennan for the sole purpose of unmasking it. My gosh. I mean, Joe, you can see my facial response here. This is like, this is a big one. I'm dying. You hear that elizabeth i'm coming to join you honey tell him baby tell him red that's exactly how i let me do it for you paula i'm coming for you paula

thankfully he's not dead yet so i don't have to worry about that love my wife well elizabeth and sadly passed for red fox there sanford Son, right? Yeah. This is incredible information. And shame on me, folks. I mean it. Shame on me big time. I was sent this article a few days ago in tablet mail. It'll be in the show notes today at Bongino.com. Please go to my website.

Please sign up for my email list on my website at Bongino.com. I will email you these articles. They are so important. But shame on me. Someone sent this to me days ago and i missed it i have just been so busy with the nra tv show and i've got to do an interview at 60 minutes australia tonight everything i have been so overwhelmed that i missed the damn article and finally yesterday i get a breather we're doing photos promotion photos for nra tv and i read through it and I'm like, what? What? Wait, why?

Yeah. How the? How the? Did I miss this? They're moving information from one cloud to the next for the sole purpose of unmasking. And I missed this. Oh, my gosh. I was so upset at myself.

Now. All right. I've got. Don't even think about turning this show off. I'm sorry. I love you to death. And I don't mean to sound like an authoritarian liberal tyrant, but please don't turn the show off today.

We may have to go a little long because I've got so much juice for you today. It's incredible. I'm not done, but I, you know, the show has got to be paid for. And I always sincerely appreciate your patience for this. Our sponsors are really great. Today's show also brought to you by our buddies at Freedom Project Academy. Hey, folks, American schools are nothing like a lot of us remember growing up. Now it's all about safe spaces, liberal propaganda.

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I had known about this because I've said it on the show, but I didn't know about a second portion of it. Okay. Obama's Obama for America, which turned into Organizing for America, had made some payments to a law firm that was involved in this Hillary scandal, a Hillary Obama spying scandal. We'd known about that. I've said it on the show before. But I didn't realize how deep this went. Now, here's what I mean by this. Perkins Coie is the law firm that was paid by Hillary Clinton's campaign to basically hide the money that they were going to pay to Fusion GPS

to pay the British spy to get information on Trump. Hillary's team pays this law firm, Perkins Coie, because they don't want to pay Fusion GPS directly or else it'll become obvious that they're trying to generate bad information on Trump from overseas. Perkins Coie is the law firm that the money gets shuttled to, okay? Obama for America, which turns into Organizing for America after his election win the second time because he can't run again. There's no Obama campaign arm necessary, but he doesn't want to give up all those emails and those personnel. He has a thing called Organizing for America after that, which is his campaign. They made nearly a million dollars

in payments to Perkins Coie as well. But Hein has a fascinating angle on this that I hadn't considered. One of the things they paid people in Fusion GPS

to do, the Obama for America that is back in 2012 when he was running against Mitt Romney, Joe, was to go and hunt down big time Republican donors and basically destroy their credibility, too. Why am I bringing any of this up in relationship to what I told you before? Here's why, folks.

I'm constantly asked the question at speeches speeches on emails uh people who call and talk radio when i fill in okay dan we get it but why spy on trump why frame him why try to set up the trump team like you're claiming they did folks they had so much to hide i mean that's why i discussed the nsa cloud cia cloud story first if if if the information was available in both of these clouds and if I'm and listen if you're if you're a senior government intel guy and you know it's you're not going to be breaking any rules and you think I'm wrong challenge me on it but why worry about an audit trail in the NSA cloud and move information why worry about an audit show if you're not doing anything wrong? Folks, they were spying to cover up all

of the misdeeds they had done in the past. Spying, Uranium One, all of this stuff. They needed Trump to be guilty. They had to dirty him up. Now they already had a template for doing it. And that's why I'm discussing this second story. The template for doing it was the 2012 model by Obama.

Obama's team hired who? Fusion GPS. Who paid Fusion GPS? The same law firm, Perkins Coie, that Hillary Clinton paid to hire Fusion GPS before. The model was already there. Except in the 2012 election, they probably didn't have any dirt on Romney. Seriously, they probably really didn't have much. I mean, Romney is probably, I'm not a huge Mitt Romney guy, but I met him personally

when I was doing a George W. Bush Secret Service advance out in Utah. I think he has like a log cabin out there or something like that. And his family was very nice. I can almost guarantee you they did research on him the same way fusion gps and them attacked donald trump and probably didn't find anything of you know of no joe so what did they do they moved on to attacking romney's donors and heim talks about in the piece how perkins cooey paid fusion and then they got this information on this guy frank vander sloot i think he's Melaleuca guy, but he was one of the bigger donors to Romney. They get information on him, Vandersloot.

So Vandersloot donates to Romney. Fusion GPS investigating Vandersloot, Joe. All of a sudden, Joe, what happens? Vandersloot gets audited by the IRS. Oh, all a coincidence, folks. Nothing to worry about here. Nothing to see here, folks. If Woody would have went right to the police, none of this would have ever happened

for you Woody Woodpecker fans. Not only that, the Obama team establishes a website that they're called the Truth Team, Joe. They should be called the Witch Hunt Team. They establish a website called Keeping the GOP Honest, where they out all of these donors and information they get on them donors to the republican party the template for action was already there

i the obama team obama himself by the way they're losing plausible deniability that they didn't know about the spying scandal, the abuse of the FISA courts, the abuse of foreign intelligence to gather information on Trump, the abuse of the unmasking process. They are losing credibility by the day. The model was there. They'd already done it 2012. Hey, I know how to get Trump. You know, we went after Romney last time with Fusion GPS. We couldn't find much, but we went after his donors. Right, right, right.

So here's what we're going to do with the Trump team. We're going to go after Trump. We're going to try to find something on him. And if we don't, we're going to go after the Trump team. I mean, unbelievable, right? Yeah, yeah. This story just keeps getting worse. The same exact model. just to reiterate here,

money passed to an opposition research firm through the very same law firm, Perkins Coie, so they can hide it, hide the payments. A Fusion GPS is paid by the law firm in both cases, Spygate and the Obama 2012 election, and then they use the machine of government to attack people. In the 2012 case, it's the IRS auditing all these people. Vander Sloopy and one of them, a Romney donor.

In 2016, in the 2016 election, it's the intelligence agencies. Why? You may say, well, why not just repeat the past strategy and use the IRS, Joe, in 2016, rather than any intelligence agencies? Because they were already busted. The IRS scandal had already been outed. They couldn't repeat it again. They'd already been outed. Remember Lois Lerner, the whole targeting conservative groups?

They couldn't go back to the well again. They already got called out. So they're thinking to themselves, I can imagine this, Joe. They're scratching their heads and they're like, okay, 2012, we used the IRS successfully to go after some Trump donors. We outed them using Fusion GPS and we paid a law firm to hide the payments to Fusion GPS. Let's do the exact same thing, but we can't use the IRS again because the media already

knows that scam. So I got it. Let's go through the intelligence agencies this time. Genius. Oh yeah. This is sad, tragic, horrible, potentially criminal, but genius. This is what they do. This is why I'm so afraid of Democrats and liberals. terrify me they are in love with big government and all of its inglorious power this is what they do this is why republicans are so terrified of the power of big government libertarians all the time because power corrupts and absolute power corrupts absolutely to quote lord acton it is the one of the greatest quotes in human history

because it's absolutely true they were corrupted they were hiding all of this all right i got a lot more to get to folks so much to talk about today um all right let's jump into it here another angle on this thing. So there's a story up in LifeZet that, again, will be in the show notes. Sorry to keep bringing that up. I'm really not trying to wear you out here, but that should be the T-shirt, by the way. Please read the show notes. Please read the show notes. That'll be one of them.

We have quite a few. I'm already thinking about what our signature line in the mug is going to be, and I think I got that. So that'll be a surprise coming. We're working on that. Thank you for all the feedback on that, by the way. But there's a really cool piece in Lifeset today that I encourage you to read, and it is about the tax filings, Joe, of the Clinton Foundation. To dial this out to 30,000 feet, what the theme of this show today is, is the Obama team spied on the Trump team using a template they had already seen in 2012. Instead of the IRS, they used the intelligence agencies this time. They had to cover their tracks. They covered their tracks, according at least to this tablet mag piece, potentially through the moving around of information to not leave an audit trail. But the theme of the show is what are they covering?

They were covering the spying, covering Uranium One, but they're covering something else that the Clintons knew they needed to hide, and it's the Clinton Foundation. Folks, the Clinton Foundation has some serious problems, to say the least. This peace and life set today is damning. The essence of it is this.

California is a very wealthy state, very liberal state, deeply troubled state at this point. But the taxes are so high that charity schemes and scams are common in liberal states, Joe, because people in liberal states need to shield their money from the very high taxes. So California has a very unique, just follow me here, folks, it's really important, has a very unique set of tax filing regulations at the state level and disclosure rules that don't necessarily, aren't as, are stricter than some other states. One of those is you have to declare portions of government funding in your charitable foundation's findings. If you read the piece,

it explains it a little more clearly than I am now. Just know this. California's state-specific tax filing documents, if you run a charity, forms of government funding have to be disclosed. That's creating a real problem and headache for the Clinton Foundation, Joe, because there are large discrepancies in the Clinton Foundation's federal tax filings and the potentially stricter rules with regards to certain

funding in California and their findings and their filings in California. Matter of fact, the discrepancies in some cases are enormous. There are millions of dollars missing, and there's links to all of this in the Life Z piece. There are millions of dollars missing in the California filings. Those California filings, Joe, tax filings by the Clinton Foundation have been rejected. In other words, even in a liberal state, they're like, Houston, we got a problem here. There is something clearly wrong now. Now, I always say, remember the names.

In this case, it's going to be remember the name of an organization. One of the headaches they're having in the California findings are funding that came into a subset of the Clinton Foundation, a portion of it called the Clinton Health Access Initiative. The Clinton Health Access Initiative under the Clinton Foundation has received many millions of dollars from governments, the same kind of money that would have to be declared in California, and that's coming up in major discrepancies between the two, so much so that even California's like,

no, no, this filing's not good. You need to refile this and clean this up. There's millions missing. Now, I read this piece in Life's Ad again. Someone sent it to me and I always tell you, remember the names and a name jumped right out. Clinton Health Access Initiative. Government money. Where have I seen that name before? Let me read you a piece. Again, we'll be in the show notes by john solomon at the hill it's a couple weeks old the piece is about our friend alexander downer alexander downer who met with george papadopoulos in the bar in london and according to the fbi at least started this whole investigation

into trump i always say to you with downer downerer's connections to the Clintons, I am highly suspicious this was a random meeting. How did the money, because Downer was involved in a transfer of millions of dollars. According to reports, it's now under investigation from the Australian government. Downer was an Australian diplomat to the Clinton Foundation. Here's a quote from the John Solomon piece of the Hill talking about that money. The money was initially allocated to the Clinton Foundation, but, emphasis mine, later was routed through an affiliate of the charity known as the Clinton Health Access Initiative, officials said.

Clinton Health Access Initiative officials said, Australia was one of four foreign governments to donate more than $25 million to the Clinton Health Access Initiative. Dude. Do you see now the problem they're having? Was the Clinton Health Access Initiative a portion of the Clinton Foundation? A set-aside they were using to not have to file tax returns in certain states?

What were they doing with that money? Why the discrepancy? Why not report it? Did Downer know something about it folks read the two stories side by side the life's that story about how the clinton health access initiative is causing all kinds of federal and state facts filing issues for the Clintons. Then read the Hill story about how the guy that starts the investigation into Trump by reporting to American intelligence officials that he met with a Trump guy, Alexander Downer, who is a high-level diplomat with the Australian government,

is also a guy involved with the transfer of 25 million dollars to the same subset of the clinton foundation that is now having issues with a major tax investigation you believe this i again i've never felt so alive that i do investigating this case because every day i love hannity's line tick tock i know you know some like it some i love it because he's right every single day as seconds pass on the clock new information comes out and if you just remember the names it all starts to make sense what was the clinton health access initiative doing why not report the money why according to john solomon was the money initially allocated to the clinton foundation but then joe wow was routed through an affiliate of

the charity no why known as the clinton health access initiative which by the way is having problems in california with their tax filings. What the hell were they doing? Now to all your emails to me, why? Why were they spying on the Trump team? They need a smoke screen. Mueller's their guy. Mueller's the smoke screen.

Let me reverse it back to the first read the Lee Smith piece, which is the title. The Mueller's the smoke screen. You'll see it. It's in the title. They need a smoke screen to distract you from what appears to this point read the Lee Smith piece, which is the title, The Muller's The Smokescreen. You'll see it. It's in the title. They need a smokescreen to distract you from what appears to this point to be grotesquely inept at best, potentially criminal at worst behavior. Ladies and gentlemen, this is scary stuff.

I read that and I thought, wow, Clinton Health Access Initiative. I can't believe it. Has that been the key to this whole thing? Folks, read the piece. It's really incredible stuff. It never ends. I'm telling you. Every day I wake up trying to move on from this Russia case because the book's now almost done.

And news breaks every day. We got to rewrite chapters every single time. It never stops. All right. I got a couple more really good stories. So don't go anywhere. This is a stacked show today. Today's show also brought to you by our pals at BrickHouse Nutrition.

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That's brickhousenutrition.com. Dan, check out Field of Greens today. Okay. So much good stuff. So there's a piece by a guy named Sternberg in the Wall Street Journal today. Unfortunately, again, being subscriber only, I can't put it in the show notes, but I'll sum up for you what it is. It's a longer piece, but it's a topic that's been near and dear to my heart for a really long time. And it's the war on cash. You know,

Joe and I love talking about this because the war on cash is a, is a one it's being waged through propaganda and it's largely a swamp rat liberal idea to get rid of cash. Now, let me just explain to you why. And I said to you in the beginning of the show, when I teased the story that cash, don't ever forget this, cash is control. Control for you. Cash is a checkmark on horrible, atrocious, big government fiscal and monetary policies. I'll explain in a

minute. But don't forget the takeaway. Cash is control controlled don't buy in for a second to this liberal swamp rat propaganda story that cash is somehow evil now sternberg sums this up beautifully he says the propaganda war is being fought against cash on two fronts the first which i'll briefly address because it's uh it's relatively easy to debunk is jo's, Joe, cash is evil. It's used by bad guys and criminals and all that stuff. They are just awful. Bad guys use it. As a matter of fact, it's one of the reasons the euro, the 500 euro note was given the boot. They're looking to get rid of that because they say the bad guys, that's what they do.

They deal in cash. Now, quickly on that, Sternberg says in the piece, yeah, of course bad guys deal in cash. They've always sternberg says in the piece yeah of course bad guys deal in cash they've always dealt in cash but the real problem is not the bad guys the black market it's the gray market you know what the gray market is joe yeah people who pay off the books you know people who you know they hire a kid to work in whatever their deli and they pay them you know ten dollars an hour hey it's off the books they said the gray market it's a bigger issue and that on the criminal side he says this is really propaganda because criminals are very anxious about dealing in cash, too. They don't want to hold it.

They're afraid of getting robbed. They have no way to store it. And as evidence, he points out the fact that money laundering is pretty rampant, Joe. Yeah. People money launder, criminals, why would you money launder? Where you take, say, cash proceeds and you launder them through a business set up exclusively to launder your money. Well, not exclusively or else it wouldn't be money laundering. You say you set up a laundromat and you don't do any real business. You're just using the front of the laundromat to launder your cash from. The reason they do that is because they don't want to deal in cash.

So he talks about how, and cash only appears at a couple stages of the process. Nonetheless, it's a propaganda tool to get you to believe that cash is a, is an evil thing. And one of the, uh, he points out an interesting, uh, uh, uh, propaganda tool where they said that how the, the 500 Euro note is called like the bin Laden because apparently international terrorists prefer it. Folks, because criminals use something does not necessarily mean you are right to control the economy via cash should be taken away. The second point's more important, and it's something I've discussed before about this liberal and swamp rat war on cash. It is the threat to the zero lower bound. I promise I won't bore you. You may say, what the hell is that and why should I care?

Folks, governments, big spending governments that exist now all over the world. There are very few conservative governments left. Ours isn't even remotely conservative anymore at the level of government spending we're at. They have this thing called the zero lower bound. And the zero lower bound applies to interest rates. An interest rate is obviously a rate you pay. If I give Joe a loan and I say, Joe, the interest rate is going to be 5% annually, I'm going to charge Joe 5% of the value of the loan annually, and that's what he has to pay me back. If it's $100, Joe owes me $105.

Not particularly difficult to figure out. Well, interest rates work in both directions. But there is a zero lower bound to that for the government for one reason specifically here. And this is when they were on cash. If interest rates go negative, Joe, what would that mean? If interest rates were negative, it would mean, say, I lent you $100 at a negative 5% annual interest rate. You would only have to pay me back 95. Right. You may say, well, I don't get it, Dan. Why would the government want a negative interest rate? Well, negative interest rates are wonderful for the government because one, if you have your money in the bank and they can charge a negative interest rate on that government is effectively going to provide a tax it is a de facto it's a

it's a de facto way to tax money they love the idea of negative interest rates but the only way negative interest rates would work is is by you having money in the financial system think about it right i'm not explaining this well i can can see. Although your image is locked up here a little bit. I can sense your confusion here. The lower an interest rate goes, forget the negative portion for a minute. The lower an interest rate goes, the more you can induce inflation. Because money will be cheaper. Right.

If it costs me 10% to borrow money at a high interest rate, there's a cost to money like anything else. An interest rate is a cost to capital. A high interest rate means getting money is expensive. Oh man, out of 10%, I don't want that. You want money at 0%. Even better, you want money at negative interest rates because you have to pay back less. If I have to pay Joe back at 10% on $100, I have to pay him back $110. If I pay him back at negative 10%, I only have to pay Joe back at 10% on $100, I have to pay him back $110. Right. If I pay him back at negative 10%, I only have to give him back 90. 90. Right. Who's the biggest borrower of money on the planet right now?

The USG. The US government. Negative interest rates for them are great. What do you mean? We can borrow the snot out of money and we have to pay back less money later? Yeah, baby. Now does it make sense? They love negative interest rates as low as they can go.

But think about why negative interest rates are bounded by this zero lower bound in a cash economy. Because, Joe, in a cash economy, if I have a $100 bill, the negative interest rate, that $100 bill is still worth $100. Yeah. On its face. Yeah. But when I put that $100 bill in a bank, and the bank follows the government plan and induces negative interest rates onto your checking or savings account,

when I go to take that $100 out a year later, I don't have $100 anymore. Is this making sense? Yes, perfect sense. Yep. Now, what do people do in response to negative interest rates? They take their money out of the bank. Right.

Because once you put it in a safe and you have cash, you're not as subjected to it because the face value of the money is the same. The face value of the bill is $100. It doesn't change the $95 at any point. Okay? People pull money out. You're seeing it in Japan where the threat of negative interest rates induced a whole bunch of people to buy safes. The safe business was exploding because people were taking their money out of the banks and putting it in safes. True story, by the way. I did a whole show on this yeah i love this topic cash is control

governments desperately want to get rid of cash because they know their negative interest rate wearing down the value of their debt program through negative interest rates the government owes 20 trillion if interest rates go up joe do you know what the interest payments on 20 trillion dollars would be if government interest rates were up, Joe, do you know what the interest payments on $20 trillion would be if government interest rates were at 10%? My gosh, you bankrupt the government in a couple years. They don't want that. Big spending governments around the world don't want this zero lower bound. In other words, they know they can't go below zero in a cash economy, Joe, because you can't change the numbers on the front

of a cash bill. Gotcha. Gotcha. So cash is control. It is your political control over horrible monetary and fiscal decisions. Central bank, in other words, in government spending decisions. They love the idea of negative interest rates. So it's a really, really good piece. It

talks about how these are just propaganda tools. That's how they wage the war, the black market, the gray market, and oh, we're bound by the zero lower bound. You're not bound by it. We're holding you to it. Cash is control. Don't fall prey to this. I love this story. I don't mean it to sound too conspiratorial, but believe me when I tell you, inflation is a tax and so is a negative interest rate. I'll give you this example I've given before for new listeners in case you believe any of what I'm telling you is not true. Some of you have heard this before. the eponymous founder of Keynesian economics, a disastrous economic system claimed to be used by Democrats to justify exorbitant government spending. Even Keynes himself, who today would be considered a semi-liberal economist, even Keynes himself acknowledged the pernicious effects of inflation with regards to taxation. Here's an example he gave, and he'll show you how inflation and low interest rates, which can induce inflation inflation below the market rate, by the way, how inflation works

for governments. If you want to spend as a government 25% of the economy and what the economy generates, say the United States economy is worth $1,000. All right. We're just using round numbers here. If the government wanted to spend a quarter of that, they could tax the economy at 25%. And they could take $250 through taxation. However they do it, a value-added tax, an income tax, a payroll tax,

a flat tax, 25% tax. Make sense, Joe? Yeah. The government says, we want to spend a quarter of what everybody in the United States produces. They produce stuff worth $1,000.

We're going to tax it 25%. But Keynes brings up a great point. He's like, well, there's another way to pull 25% of the value out of the economy. And people may not even know about it. The government can control the printing of money. So what does it do? The government prints 33 extra dollars.

So you had a, excuse me, 330 in this case. 330 extra dollars and puts it in circulation. So before you had a thousand dollars in circulation, right? Make sense? Now the government just prints 330 more dollars, but instead of putting it in circulation, it? Make sense? Now the government just prints 330 more dollars, but instead of putting it in circulation,

it just spends it. Now people are like, this is great, Joe. There's a thousand, there was a thousand in circulation. I wasn't taxed at all. And look, the government just printed money and bought whatever it wanted. Now there's $1,330 in circulation. The economy's worth, $330 the government printed and spent.

What's $330 of $1,330? Roughly 25%. You may say, damn, what's the problem? The government just printed the extra money, spent it, nobody gets taxed, that's great. No, no, no. That's not the way this works. When you print that money, the value with $1,000 in circulation now goes down because it's more money chasing the same products.

They just printed the money. They didn't create any new value. There's nothing new. The $1,000 that was chasing 1,000 products is now $1,330 chasing the same 1,000 products. Prices go up and your money's worth less. Either way, you get taxed. Big government hacks love inflation. The lower the interest rate, the better. Negative if we can. Put your money in the bank and we're going to tax it every day to a low interest rate. Negative at times.

Cash is your wall. It's your control mechanism to stop that. Don't get suckered by this. I'm just saying because I don't, it's not a, you know, in the United States, I know people, people are generally smarter to this kind of stuff. But overseas, stuff like this is already happening. Euro, getting rid of those big Euro bills. Japan's push for negative interest rates and stuff is already happening.

I'm not making any of this stuff up. All right. What do we got time-wise here? All right. We're good. I'm going to fit in one more story. I told you today's show would be stacked. So, yeah.

What should I do? Let's do this one. So Dan Horowitz has a really cool story up at Conservative Review. Now, this is for your liberal friends. One of the ongoing themes throughout the show, I love economics, as you can tell, has been the benefits of tax cuts and how they historically have not impacted tax revenue. Folks, when you look at the results of tax cuts over time, from John F. Kennedy to Calvin Coolidge to Ronald Reagan to George H.W. Bush, one of the myths liberals will tell you, the propaganda tools, is that, oh, tax cuts are going to harm government tax revenue. Personally, Joe, I don't care about government tax revenue. I care about your tax, your revenue, not government tax revenue. But the liberal talking point is that we're going to starve the government. Everybody's going to die if we cut taxes. I'm telling you, categorically, there is little to no evidence that that is true. John F. Kennedy cut taxes,

tax revenue went up. Ronald Reagan cut taxes, tax revenue went up. George W. Bush cut taxes, tax revenue went up. Why am I bringing this up now? Another great piece in the show notes from conservative reviews, Dan Horowitz. We're now getting, Joe, the first tax revenue data from the Trump tax cut. Now, the CBO, Joe, I took some notes on this. Where are they? Oh, here we go. The CBO, you know the CBO, Joe, they're always right.

I'm giving you the wink and a nod here, of course. Yeah, always trust the CBO, of course. The CBO had said these Trump tax cuts are going to cost $144 billion lost to tax revenue in 2018. Okay. We now have the February numbers for 2018. Okay. We now have the February numbers for 2018.

The February numbers contrasted with the 2017 February numbers. So according to the CBO, Joe, we should have lost a boatload of money in February due to the Trump tax cuts. What happened? They're up. Tax revenues up. Wait, what do you mean tax revenues up? So liberals, chicken little, the sky is falling, didn't come true. Tax revenues up $ what do you mean tax revenues up so liberals chicken little the sky is falling didn't come true tax revenues up 1.36 billion dollars folks all right it's one

month i am not going to be hyperbolic or exaggerate to you that one month is indicative of we may lose some tax revenue later on i'm simply telling you i'm not making a causal inference i'm simply suggesting you that the left's correlational story that tax cuts will lead to tax revenue losses to the government i have not been proven historically have not been proven now they have no evidence of that whatsoever and their theory is entirely garbage thousands of americans would die thousands of americans will die every time there's a tax cut. It's Bernie. Oh, I love that. One of my favorite drops of all time.

Thousands of Americans will die. That's what they always say. But it's not true. Ask your friends to go to the tax tables, go to the government's own website, and show you where an income tax cut produced a loss in revenue to the government. It hasn't. Show them this piece. The February numbers are in. We're up from last year despite the tax cut.

Now, income tax revenue did go down a little bit, but gross revenue went up. Why? Because what happens with a tax cut and what happened with this tax cut, Joe, happens every time. Income tax rates went down. People took some of that money. They bought more products. They invested in their businesses. And they did what?

They hired more workers who were paying more what? Payroll taxes. So income taxes went down slightly, but payroll taxes went up by more. We're not going to lose money in a tax cut. You have no evidence of that. Send them the article. Ask them to explain that away. It'll be in the show notes today. All right, folks, thanks again for tuning in. I really appreciate it. I hope you enjoyed today's show. This was some really good stuff. I was super excited, as you can tell. Check out my NRA TV show tonight, 5.30, live at nratv.com. It's also available on Amazon Fire and Roku and nratv.com for free.

Go check it out, 5.30 p.m. Eastern time tonight. I really appreciate it, and I'll see you all on Monday. You just heard the Dan Bongino Show. Get more of Dan online anytime at conservativereview.com. You can also get Dan's podcasts on iTunes or SoundCloud and follow Dan on Twitter 24-7 at DBongino.