The Dan Bongino Show - Ep. 687 Another Bombshell Revelation
Episode Date: March 29, 2018Summary: In this episode I discuss the real reason behind our massive trade deficits and how to rebalance our economy. I also address the cultural impact Hollywood is having on America and why the rel...aunch of the "Roseanne" show was significant. Finally, I address the liberals' two-front attack on democracy. News Picks: Another bombshell revelation about White House coordination in the spying operation on the Trump team. This article should be posted in the office of every lawmaker considering an attack on the Second Amendment. The mainstream media caught lying about the census citizenship question. Maryland is moving toward automatic voter registration. Jeff Sessions’ DOJ makes another strong move. Hollywood is doing some “soul searching” after the successful relaunch of “Roseanne.” Liberal judges say tear down that cross! Copyright CRTV. All rights reserved. Learn more about your ad choices. Visit podcastchoices.com/adchoices
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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 i'm feeling
very well to be welcomed here on the dan bongino show you're always welcome here hey people miss
the dude by the way the dude got a drop you know yeah yeah well that's just like your opinion man yeah a couple
people email me but we got to roll him back in um a couple uh updates here hey i know a couple
weeks ago i said i was going to do a contest i have six books here from brian killmeat who was
nice enough uh to donate copies of his book andrew jackson the miracle new orleans which is an
amazing book if you
get the opportunity to pick it up, by the way.
So I have six copies of that, and I'm going to include six copies of my own book, which
I'll sign, in a contest.
And I will be announcing that contest next week, along with some other big news.
My wife has prohibited me from disclosing the details of the contest.
But let me just give you a hint.
I have been deeply inspired by all your
dancing stories if you're regular listeners you know exactly what i mean i mean really inspired
you guys and ladies out there are just you're in full beast mode and i love it um so i want to
reward some people so i'll be announcing the details of that um next week we'll be giving
away some books all right um i got a lot to get to today,
including some commentary
on what happened with the culture war
and the Roseanne show.
Because there's two divergent opinions
on this now.
And I think one of them
is a little misguided.
And it's probably not what you think.
So stay tuned for that.
And I want to talk about
the trade imbalance
and a couple of other things as well.
There's just a lot of news going on.
A breaking bombshell last night from Sarah Carter as well.
All right.
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all right um so first story i i have to get to is there's a fascinating uh piece in the wall
street journal today about uh trade deficits trade imbalances. And I'm not
going to beat this thing like a dead horse, but I want to just, because this is a topic right now,
everybody with the tariffs and the trade wars, and there's a lot of economic misinformation
that's out there. And the piece in the journal, somebody complained that I didn't say the author's
name because some people are subscribers, is by a guy named Sean Rushton, R-U-S-H-T-O-N.
I'm not going to put it in the show notes because it's subscriber only, but as always,
I'll summarize the main points for you.
Here's the gist of it, folks.
I've said to you repeatedly, do not get overly concerned with tariffs.
Actually, not tariffs.
Excuse me.
Sorry, folks.
I slept really good last night.
Sometimes when I sleep really good, my brain is like, eh, eh.
You need one of those nitric oxide tablets to give you that brain boost in the morning.
Don't be overly concerned with trade deficits and trade imbalances.
I know that is verboten to say.
You say that, and people, I know I'm going to get emails, and that's fine.
I'm ready for it.
I'm used to it.
Like I said, if the show is not for you
because I say things you don't agree with,
then the show is not for you.
I don't know what to tell you.
I just, I'm telling you the economic facts of the day.
And if you don't like it, you don't like it.
I don't know what else to say.
Don't be overly concerned with trade imbalances
because trade imbalances are not,
are not the death sentence we think they are.
And this is what the guy's trying to say in the piece.
Let me just explain to you in analogy what I mean here.
Our trade imbalance is more of a function right now
of our status with the dollar as the world's reserve currency.
Here's what I mean by that, Joe.
Let's say the world's reserve currency was gold,
and gold has to be mine,
like literally physical gold,
right?
And every gold was a form of money.
Now,
the reason the gold people like the gold standard and people like me love the
gold standard is because you can't print gold,
right?
It takes effort to use gold as money.
Why Joe,
you have to mine,
you have to go literally into mines.
You have to mine it.
You have to put it into gold coins to go literally into mines. You have to mine it.
You have to put it into gold coins.
And the very process, and by the way, the supply of it is constrained.
It's limited.
By what? There's only a limited amount of gold in the world.
So you can't print it endlessly.
You can endlessly print, for all intents and purposes, money.
And you can endlessly electronically create it right if
you wanted to you just create new money for the federal reserve print print print print print
right the reason libertarianist types like me like gold is because it's naturally constrained
now what would happen in a world with a naturally constrained money supply where government couldn't
print money and devalue it till kingdom come what would happen is
trade imbalances joe would naturally balance themselves here's what i mean by this i've used
this example before so forgive me if you heard it on a prior episode but it's important right now
because this sean rustin piece is really really good let's say there was a trade imbalance between us and China,
whereas Donald Trump would say, China, China.
And he always says it twice, China, China.
And they were buying, we were buying more of their stuff,
and they were sending more of their money.
So we're sending more of their money there.
What should happen is, let's say, forget China and the U.S., because it's going to incite a lot of emotion.
I get that.
Let's say there are two countries and they're trading.
And one country, there's a trade imbalance.
So more money, more gold is headed to one country than the next.
Why?
Because they're buying more products than they're selling, right?
Right.
In a perfect world, Joe, if we're selling 50 widgets to them and they're selling 50 widgets back and the money supply is stable,
then they're sending us, say, 50 bars of gold and we're sending 50 bars of gold back to buy
their stuff, right? Does that make sense? Let's say there's a trade imbalance and they're sending
more bars of gold to us for more stuff. What would happen is eventually gold would start to
accumulate in our country or whatever the country
the trade imbalance was and as the gold starts to accumulate prices would go up as more gold would
be chasing the same amount of product so you'd have say 100 bars of gold now instead of 50
chasing the same 50 computers or the same 50 chairs so prices would go up so in that country
the prices would go up and it would make that
country basically less competitive because the prices for the computers and chairs would be higher
so people would say well let's go start buying the computers and chairs from that other country again
where the prices are going down and the trade would naturally imbalance as the gold and the
money started to leave the country where it accumulated and started to chase the same amount of products, and it would
head on back.
Now, this is a very simplistic example.
It doesn't take it to-
The ebb and flow of commerce, excuse me.
Right.
Exactly.
Exactly.
But we're not taking into account productivity, because I'm trying to keep this example simple,
because Rushton's piece is very good.
Okay.
Now, the prices would go down relative to the prices in the other country where the gold was accumulating.
And then the gold would say, oh, okay, well, these computers and these chairs are getting expensive here because all the money is accumulating here.
And it's chasing these computers and chairs.
Let's just go back and buy them from the other country.
And gold would start to leave and trade would naturally.
What I'm trying to tell you, folks, and I'm sorry if I'm being disjointed here.
Is this making sense, Joe?
Yeah, I think maybe to me because I've heard it before and I still need to hear it again, by the way.
Yeah.
Yeah, this is an important conversation here.
Yeah.
If we had a...
This is what I'm trying to tell you.
If we had a stable money supply, not based on the printing press and government whims and it was based on something
like gold which had to be mined and is naturally constrained by its supply and the fact that you
have to mine it trade imbalances would not be as profound as they are today okay what's happening
in the united states is the prices don't go down like they would in the other country that was buying a boatload of stuff. Prices don't go down. And the reason they don't go down is the U.S. dollar is the de facto gold of the world.
of international pricing and benchmarking is done in U.S. dollars, meaning countries need U.S.
dollars. Countries need them to stabilize their own currency. You may say, well, why is that bad?
Well, it's, I mean, it's not necessarily for us because we get low interest rates because the cost of money for us stays relatively low because we're getting a free loan every time they do this.
But ordinarily, if there was a stable money and not a printed money,
time they do this but ordinarily if there was a stable money and not a printed money the prices of the products in the united states would go down and trade would naturally
rebalance itself now in the russian p let me just read to you a quote from the piece because i'm
sorry this is but this is so important this stuff and i really wish more people would would understand
why i'm so you know against using exclusively trade imbalances to dictate economic fiscal and
monetary policy i like this stuff by the way i think the listeners do too yeah i hope so he says
in the piece to defend against crises especially at times of major u.s monetary easing or depreciation
foreign governments stockpile dollars in other words what he's saying is the fact that we don't
use gold as money internationally or we don't have a real standard, gold being a constrained standard.
You can't print it, okay?
A lot of countries are forced to benchmark the value of their money, not to gold, but to U.S. dollars.
So in order to prevent the collapse of their own currency, like I said before, by money leaving their country to go to other countries and prices go up, prices go down.
They've had a stockpile, not gold, but U.S. dollars, which allows us to do what?
To print the snot out of U.S. dollars because people vacuum them up because they're using
it in lieu of gold.
He goes on.
This is a crazy number, by the way.
He says in 1973, the world held $500 billion in foreign exchange reserves in today's dollars, by the way. He says in 1973, the world held $500 billion in foreign exchange reserves.
In today's dollars, by the way.
That was in 1973, the year before I was born.
The world held $500 billion in foreign exchange reserves.
You may say, wow, that sounds like a lot.
Last year, it was $11 trillion.
A 22-fold increase.
About two-thirds of total reserves are now denominated in dollars
our dollars because of high global demand the dollar's international position is always stronger
you get what i'm saying now prices can't go down you see what i was talking about that gold analogy
before how price gold would leave the country if we were using gold instead of printed money. It can't because people keep vacuuming up our dollars.
It's always stronger and U.S. interest rates are lower than they would otherwise be.
This in turn means that America's budget and trade deficits swell in tandem while U.S.
exports are costlier and imports are cheaper regardless of trade practices.
Folks, again, I'm not trying to incite a riot here.
I know every time I mention this,
I get really nasty feedback.
But what the author is simply saying
is the fact that the U.S. dollar is not benchmarked
to some standard.
It's not.
We just print money, folks.
It's not bedrock to gold.
It's not linked to gold.
It's not handcuffed to gold.
It enables us to basically print the hell out of it
because foreign governments
just vacuum it up because there's no gold standards there's a dollar standard and if the
prices then don't adjust so the cost of our labor the cost of our product stays super high and what
do people do they move their manufacturing overseas i agree with every one of you that
has sent me an email every single single one of you. I love you
to death. And I understand our manufacturing base has been entirely hollowed out by China's entry
into the WTO and a billion people coming onto the market at the same time. It was a peerless
moment in human history and not for the betterment of the United States in many respects.
I get that part of it, but I am a free trader.
And I want you to understand that the trade imbalances and the trade deficits are not simply a function of just what happened with China.
If we had a benchmark United States currency benchmarked to gold instead of the ability to print it, prices would go down.
The cost of labor would stay competitive and we would have a better manufacturing base in the
country. But that's not what's happening because our government can basically print the living
snot out of things because US foreign governments scoop it up because it's the world standard.
Now, again, there are benefits to this, too.
I don't want to, let's, we can't talk about this in a vacuum.
The benefits are interest rates stay very low.
In other words, the cost for, you know, the United States can basically sell loans anywhere
because people need their money.
Put a bond out there.
Oh, we'll buy it.
We need the dough.
We need the, you know, we need something denominated in U.S. dollars.
we need something denominated in US dollars
we get free loans
all the time because the dollar
is the world's reserve currency
it was an interesting piece
and I just want you to understand that
that a natural rebalancing would have occurred
if we would have had some
kind of a gold standard internationally
but it collapsed
and since we don't have that
that gold air quotes
can't leave the country and go back where it's cheaper for a little while and rebalance over
here the prices the prices for labor and everything else so we stay really high because we don't have
to rebalance because we can just print the hell out of money all right i'm sorry i i if i get
confusing i i just love economics it's my my like pastime here. I read about it all the time. And let me just give you two quick solutions to this, too. Obviously, number one, we already addressed. Solution number one would be a sounder monetary policy. A sound monetary policy would have short-term and potentially a little bit longer-term consequences.
potentially a little bit of longer term consequences.
So solution number one would be to go back to some form of a gold standard.
Now, the consequences to that would be right now,
interest rates would probably spike.
Interest rates would go very high because money would be harder to find.
Why is money not hard to find now?
Because we print the snot out of it.
If you couldn't print it because we bedrocked it to gold, in effect, we had to start mining our money again, if you get what I'm saying, Joe.
And the supply of money was constrained.
Interest rates would go up, probably dramatically.
There would probably be some form of a short-term recession.
But in the long run, it would make our money and your money stronger.
It would make, even though,
now this is going to sound strange,
but follow me here,
this is important.
The dollar you have
would be stronger,
but so would the dollar
of your employer.
Because it would be worth more.
Because they're not just printing endless amounts
of them more supply less value less supply makes things more valuable that's why diamonds are
valuable because there's not a lot of them we want dollars to be like diamonds now that would
potentially mean your salary would not go up or even go down, potentially.
But remember, Joe, that money, even less of it, would buy more products.
Yes, it would, yeah.
So let's say Joe makes $100,000 a year.
We'll get round numbers, right?
Why not?
Joe may have had to take a pay cut.
Joe may make $80,000.
But Joe may make $80,000 that buys what $200,000 bought five years ago.
Folks, what do you want?
Do you want a $100,000 salary that buys 10 widgets or an $80,000 salary that buys 30 widgets?
What do you want?
This is the value of strong money.
This is why it's so difficult for people to get.
They confuse the real value of money, what it actually buys, which is its only purpose, right?
Money is nothing but fuel for a fire.
Throw it in a fire if it doesn't buy anything, right?
Paper money's only value is transactions to get you stuff you need.
That's it.
To pay your taxes, to pay for you to live, or for you to invest.
That's the only value of paper money. to pay for you to live or for you to invest. That's the only
value of paper money. If not, you throw it in a fire. It's no different than the paper you write
on from my show notes. Well, I write on from my show notes. That money should mean something.
Don't confuse the nominal value, the numbers on the front with what it actually buys. I told you
the story on my NRA TV show the other day about Venezuela.
That's printing so much money that I had to lop three zeros off the face value of the
currency because the nominal value is meaningless.
It doesn't buy anything.
So there would be a short-term downside.
The short-term downside would be interest rates would go up dramatically because the
interest rate is a cost of money, right? If you go to get a loan in a bank, it has a cost. The dramatically because the interest rate is a cost of money,
right?
If you go to get a loan in a bank, it has a cost.
The cost is the interest rate.
Joe needs a loan to start Joe Armacost Productions.
The bank says, hey, we'll give you a loan for $100,000, Joe, at 10%.
That's the cost.
If money's hard to find because the supply of it's constrained by an attachment to a
gold standard, meaning we can't endlessly print it, money would be harder to find.
And Joe, they may say to Joe, Joe, it's going to be a 20% interest rate.
That's a lot.
That may cause a short-term recession as people find it a little bit harder to invest.
Is as the economy readjusts to the new prices and the new, better, stronger, real, real, real value of money.
Not the nominal value of money.
You may even get a pay decrease.
But you can buy more stuff.
That's the point.
The dollar's worth more.
The dollar buys more, too.
You get more house for the same dollar.
You get more food for the same dollar. You get more food for the same dollar.
The dollar's lost 90% of its value since 1913.
Imagine if it
gained 90% of the value. Imagine that
your $500,000 house
would cost you $200,000 now to buy.
Imagine if it were $200,000 too.
It doesn't matter. The same $200,000
would buy you a $200,000 too. It doesn't matter. The same $200,000 would buy you a million-dollar home
if there was a readjustment.
Your money would be worth something.
So step one is we have to enact a more sound monetary policy.
And just so you understand the 30,000 foot of what I'm talking about,
don't get obsessed with trade imbalances as easily solvable through things like tariffs.
It's a deeper problem than that.
The global reserve currency being the US dollar, the lack of a gold standard, this all plays into it.
But secondly, there's another way to fix this.
The Chinese are not our friends in the economic market.
This is clear as day.
One of the things we have to address immediately with them
is their intellectual property theft.
And Rushton brings us up in the piece,
and it's a great point.
They're stealing our stuff, folks.
They're forcing companies to relocate over there
to get access to their market and saying,
hey, as a side agreement here,
here's what you're going to do.
You're going to turn over all your sensitive technology to a Chinese corollary to your
company.
No, no, we shouldn't be doing that.
We're turning over all our intellectual power, all our intellectual capital to a country
that is not our friend.
And I'm clear on that.
But the issue is bigger than just as simple as tariffs tariffs sorry i spent a lot of time on that and
i'd love to hear your feedback on it i don't know how i never know how this stuff goes over ever
that's why i put my email out there i mean i don't reminds me of some of our earlier shows
we've done whole shows on on economics yeah because i love i love it and i'm fascinated by
and i get a little you know if I can have a moment of being
candid with you folks if you'll allow me I'm very sensitive to the audience feedback on the show
it's your show it's the show is here for you and uh I don't have a thick skin so you know when
people email me as if I don't care I get upset I really do I mean it hits me personally I even
send them on to my wife I'm like you, you believe this? People email me, especially when I talk about tariffs and things like this, as if I talk
about it as some kind of like obtuse, you know, academic wonk who doesn't give a crap
about American workers, which is total, complete garbage.
It's a matter of fact, Mike, where I'm going to go next with the Roseanne show is, you
know, I set this up intentionally this way should be evidence.
That is absolutely 100% not the case.
I grew up in a working class family.
My dad was a plumber and a building inspector.
My brother's an electrician.
I was a cop and a secret service agent.
What I'm suggesting to you is in a world right now of bad options, there are.
There are no really good ones.
We have to look at what the least bad option is.
And the least bad option right now is to stabilize our money and stabilizing our money would stabilize our economy would
naturally re-imbalance rebalance the trade flows naturally re-empower american workers and would
naturally re-empower again the value of the u.s dollar but also as i acknowledge on point two i think it
does require some offensive stuff against the chinese our you know we have to go to bat with
them on this intellectual property theft there's no doubt about it their government procurement
practice is the chinese where oh you're gonna have to buy all these chinese products yeah you
want to compete on the international stage you shouldn't be favoring your own stuff
so i agree with you,
but I just, the emails really kind of, you know, I get it. I, you know, send them my way, but they
do. Don't think for a second, this doesn't sound on my mind all the time. These places have been
hollowed out. A lot of places in Iowa and Pennsylvania, you know, in middle America,
then I understand that. I remember going to Cumberland, Maryland when I was running for
office and, you know, you look in Alleghenany county out there and the place has been decimated decimated the
paper mills you know all these places shut down this is real i get it that it's real i'm just
trying to figure out what the best path forward is that may not be for you though i totally
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Okay, there's a little divergence fork in the road
over the significance of the
relaunch of the Roseanne show. Now,
listen, this isn't
entertainment tonight, okay?
What I love about my show and the audience is
we try to delve into the bigger
why issues and the more
cerebral components of the topics of the day.
So, but this
is important.
For those of you who missed it, and there may be some,
Roseanne Barr, a famous comedian from my era in the 80s and 90s,
relaunched her show, eponymously named Roseanne.
The show was a mega, mega hit.
The show relaunched to 18.2 million viewers,
to put that in context.
It was the largest launch, I think,
in six years for any show.
And the Will & Grace reboot only did 10 million.
This did 18 million.
And the second episode, from what I heard,
the audience was even larger.
I read that.
And there's an interesting article in my show notes today
from Deadline.com
at my website at Bongino.com.
Check it out about this,
how large the audience was
and how, quote,
Hollywood is now engaged
in some soul-searching.
Let me give you the good and the bad
about what this means.
And again, Joe,
as the audience ombudsman,
and seriously,
forgive me if that opening segment
sounded disjointed or confusing.
I just love economics, and that's why I use Joe a lot as the audience's voice. Thank you. There are two separate divergent paths on how to analyze this. Path number one is, let's call it the good one for conservatives, to keep it simple.
simple. Roseanne in the new show is an avid vocal Trump supporter and, and she does not duck the issue. Matter of fact, the opening show is mostly about her being a Trump supporter fighting with
her sister, Jackie on the show played by Laurie Metcalf, who is not a Trump supporter. Matter of
fact, she hates them. She has a shirt on in the show and the pink hat, if you know what I mean, and the shirt that says nasty woman. So the sister hates Trump,
and she really goes after it in the show. She doesn't duck it at all.
So the good conservative breakdown analysis of this launch and the fact that the audience was
overwhelmingly large is that Hollywood is now going to get a big wake-up call that,
hey, listen, Trump supporters are a political force,
and you better damn well pay attention to them in the economic model of Hollywood,
or you guys are going to continue to get smoked.
Because remember what ABC, that relaunched the show, Roseanne.
Joe, what are they selling?
What do you sell on radio?
You sell ears, right?
You sell ears.
Joe's WCBM radio station.
Time.
We sell time based on ears.
And me at the podcast, this is what we do.
I have what's called a CPM, a cost per thousand downloads.'s called a cpm a cost per thousand downloads that cost we
charge a rate per thousand downloads that's why i tell you please subscribe and download the show
that's how we pay for the thing that's based on your ears our advertisers filter by helix sleep
today freedom project academy is going to be our last read uh the show today later they are paying
to access your ears.
Why?
Because they respect our audience.
That's why I always tell you, please support our sponsors.
These people chose this show and you.
They pay for you, folks.
They are paying to get your ears.
They're not running from it because it's a conservative show.
Some of them share my politics.
Some don't.
But they respect you enough to understand your buying power.
I guess I know this is, i can't be objective here i get it that it benefits me to tell you it does
but i'm telling you these companies don't care that this is a conservative show they're not
political companies but they respect you enough to understand your buying power and the fact that
you matter that's why they're on this show.
That's why Joe's show is unabashedly conservative.
The morning show Joe's on at WCBM.
Sean and Frank, they are not in...
Believe me when I tell you,
Sean Casey does not mess around with his politics at all.
He's as Tea Party as he gets.
But advertisers still come in.
You bet.
That has not been happening in Hollywood.
Shows in Hollywood and movies
have largely disrespected conservative awe.
Not only disrespected them,
to be candid,
it pretty much crapped on you.
Yeah.
They put out shows on TV
which make you look like idiots.
A bunch of, you know,
we're a bunch of hillbilly dopes.
You know,
we're all a bunch of religious freaks.
Oh gosh, you mentioned Jesus.
Oh, you can't do that on a show.
They make us look like idiots, even worse.
Now, I'm going to fork off in a minute here to the second, the bad path, but we're still on the good path here, just so we're clear.
The Roseanne show was a cultural earthquake because it's one of the first times for a major, major reboot, not the first time,
but for something with this much investment, with a celebrity, with some power, Roseanne still has
some cachet that they put out a show where not only they not hide being Trump supporters,
they celebrate it. The lead character in the show goes at it with her sister about how dopey she is for being a big Democrat.
Matter of fact, at one point, Roseanne in character says to her sister Jackie about single payer health care that the joke is that, well, Jackie, you just can't do basic math.
These are things, Joe, that were absolutely verboten in the past.
Oh, my gosh.
To say this. This is is crazy you don't say
that folks hollywood got a smack in the face like you have never seen with roseanne they are selling
eyeballs we sell ears they sell eyeballs now they're selling 18.2 million eyeballs. Do you have any idea how much money that is?
Now, we're still on why this is good for us.
Now do you understand why I spent a good swath of one of my shows last week
talking about how important it is to support Christian-based movies,
faith-based movies, family-based movies?
You may say, why are we giving money to Hollywood people anyway?
Folks, they, listen to me here.
This is a good comeback.
You may say, well, why would I give money to Hollywood producers that are just doing this because it's about money?
They don't care about Roseanne's politics or Trump.
They all hate Trump.
Because they're a big propaganda machine.
Make them do what we want,
not what they want.
Their natural instinct,
despite the fact
that they see the Fox News phenomenon,
they see what's happening with Roseanne,
they see the backlash against the NFL,
despite the obvious...
I said to my wife last night,
Roseanne was the most predictable economic
success in American history, Joe. Hey, let's do a show targeted at what, 50% of America?
But why didn't they do it? Because their natural instinct is as kooky nutbag leftists. And they
just can't. They can't get past it. they think we're all nuts you know roger ailes
who um has since left us roger ailes spoke uh at a secret service graduation ceremony when i was an
instructor and he said something at the graduation ceremony that resonated with me he was so sure fox
news would succeed because he said the business model was obvious we're only targeting 50 of america
what other business do you say that about my podcast we are now like the second or third
depending on the week biggest conservative podcast in the united states folks candidly
we still target a small sliver of people it's a good chunk per month uh download wise maybe one three hundredth of the population right
fox news was targeting 50 of america now obviously they don't all watch you get that but the point
they're trying to make especially with the rosanthes this is a huge market people who
identify as conservatives or let me say this better as not democrats does that make sense
we are not them we're conservatives libert, libertarians, Republicans, maybe independents, but we are definitely not Hillary supporters or Bernie supporters, okay?
This was the most predictable economic success in television history.
Why did nobody do it before?
Because it's not their instinct.
They are hardcore leftists in Hollywood.
They understand the value of the propaganda machine they have,
and that is the eyeballs and the ears of all these young kids,
middle-aged folks, older people.
They can propagandize everybody.
Make them do what we want.
The machine, the propaganda,
let me get to be absolutely crystal clear with you.
The propaganda machine is not going anywhere.
Television, video mediums,
whether it's Netflix, HBO, ABC, Fox News,
is going nowhere.
People love imagery.
We are visual creatures.
Whether you watch it on your smartphone,
your TV, you stream it, you tune into terrestrial television. I don't care. The video medium is
going nowhere. What better message to send the Hollywood people, television and video
medium production types that, hey, you want to make money? You better start producing more stuff
like this and not more crap like that. It ain going anywhere folks so our choices are either allow the propaganda or own the propaganda
you own it because you are the eyeballs and you're the ears that is why this was such a critical moment this roseanne show now again to give you both sides because this
is you know we tend to dig deep into these issues here there's another side of this i noticed um
you know ben shapiro seems to have some objections now i let me just be clear i like ben a lot i know
ben and i have some different political views with regards to some things um but ben show is incredible he's the he's the biggest conservative podcast
um in the country and has done an amazing job on college campuses you know breaking down some of
the stereotypes about conservatives he makes some very valid points though about the rosan thing his
thing joe um and if i'm summarizing him wrong, forgive me, but I was reading a tweet
stream he had yesterday, and
his line on this has been
hold
your support for this, because
she's really not
a conservative. She's more of a caricature
of what a conservative is to
Hollywood types. In other
words, let me just say that clearer.
In the show,
there's a kid who has some gender identity issues. The sister obviously is a big Sanders supporter. And a lot of the stuff
Roseanne says about trade and things like that, they're not traditional conservative issues. So
Shapiro's point has been like, hey, this isn't really a culture thing. Like one of the daughters considering being a surrogate, there's really
not much of a celebration of what we would call, I guess, cultural values. It's more of an economic
populist show than a conservative show. You see what I'm saying, Joe? Like Roseanne's speaking
out more against the hollowing out of manufacturing in the show. She's not really speaking out for
bedrock conservative cultural values as well. The of religion spirituality family values um yeah i i get it i see that but here's where i
disagree with them the left is smart joe the left the freedom train with the left has left the
station a long time ago and what the left does with the freedom train is they don't speed away from the station.
Because then people go, oh my gosh, my freedom's leaving.
And they get worried.
This has led to revolutions throughout human history.
I mean, that's just a fact.
People don't want to let their liberty and freedom go.
So what the left does is they move the freedom train away slow slow uh let me give you an example
about how and let me make it specific to hollywood like this is how they do it by slowly and
incrementally raising taxes by slowly implementing state-run health care by implementing new things
all you know they move they move they move next thing you know it's all gone the government
controls your health care and they're controlling 90 your money. They do the same thing in their cultural Marxism and their war on the culture. Hollywood
is left-leaning. They have a set of values they want to get across to you. They're not your values
in many cases. So let's say it's on the men in the women's room and women in the men's room fight,
just as an example. Hollywood will do a show, and they don't want to, you know,
a few years back, remember this issue 10 years ago,
people would have been like, what are you, crazy?
Like, we're talking about putting men in the women's room
and women in the men's room?
This is a serious issue in Maryland and in other states, right?
I'm not making this up.
No.
Hollywood wants to deconstruct the idea that gender
and biological sex matter.
They want to do that because that's the left's agenda, because they want to get rid of any objective truth and replace it with the values of the state.
That's why liberals can't stand the idea of gender and prefer gender fluidity, which is, I don't even know what to say.
So Hollywood will do a show, let's say 10 years ago or so before and you
know a guy like peek in a woman's room and someone will come out and say hey what are you doing well
today i identify as well and first they'll test the backlash you know it's kind of like the murphy
brown effect with the single mom right yeah and this is how they destroy the culture and eventually
over time next thing you know 10 years later they doing shows, not only where the guy's like peeking in the women's room, the guy, a guy refuses to go into the woman's room.
And another guy calls him like a transphobic guy because he refuses to use the woman's room
instead of the men's room, even though he's a guy. This is how they do it. They slowly,
but surely culturally creep away from the freedom station until at the end you're like oh my gosh like
wow am i that i'm supposed to be used in the women's room too like this is what they do
it's precisely regardless of your opinion on gay marriage i think the government should be out of
the marriage business altogether i'm a christian my my faith doesn't practice uh that but i don't
believe government
should be in the marriage business.
But regardless of what your opinion on it is,
it's the same thing the Hollywood culture
did with that as well.
To the point now where you're obligated,
I shouldn't say obligated,
but you're, Joe, obligated,
with a wink and a nod,
a lot of these Hollywood types
to put a specific amount of gay characters in a show,
regardless if it's applicable to the storyline or not.
Right.
They move slowly.
The left is tactical.
So my problem with the analysis of some other folks out there
and Ben's analysis on this thing is
we have to do the same thing, Joe.
We have to move slowly the freedom train back to the station even in the culture wars
and i think although rosanne in the show is not a as far as i know and forgive me if i'm wrong but
it's not like a church going ad you know big advocate for christianity or judaism or spirituality
in general she's not you know there are some values in the show that are obviously not culturally along the lines of what we would call conservatism.
It's a first step.
And maybe that first step is showing people on a mass scale.
Joe, 18 million people is nothing to sneeze at.
No.
Maybe it's showing a bunch of 18 to 49-year-old kids to, you know, middle aged folks in the key.
I use that because that's the key demo that they're targeting.
Maybe it's showing them first that people who support Trump are not crazy.
Maybe that's just the first step, folks.
Maybe the second step.
And please read this deadline piece at my website.
It's on my website, Bongino.com.
It'll be in the show notes today.
If you subscribe to my email list, I'll email them to you. It's a good piece. my website. It's at my website, Bongino.com. It'll be in the show notes today. If you subscribe to my email list, I'll email
them to you. It's a good piece. Read it.
They were also, Joe,
talking about potentially a reboot
of one of Tim Allen's old shows, Home Improvement.
All right. Now, Tim Allen
is, in fact, a
spiritual and rather religious guy.
Maybe that's the next step.
Maybe the next step isn't a show about
a Trump supporter. Maybe it's a show about a religious guy who has you know really firm good strong bedrock family
values now i know we've already had some tim allen shows like that too that's what i'm saying
roseanne's not the first it's the first to hit like this but maybe that's the next step and then
maybe the next step is hollywood saying holy crikeys, these Christian movies are blowing it up at the box office.
Roseanne's doing 15 to 18 million a show.
This Tim Allen reboot's doing 12 to 15 million.
Hey, guys, we got to start putting more spiritual, Christian-based, conservative-based, liberty-based programming on TV.
Yep.
That's how we win.
That's how the left won.
And that's why I dispute the second pathway,
that this was not necessarily such a good thing.
I think it was.
If getting the left to see Trump voters
and the concerns of middle America
involves us in the show,
putting in some left issues too, a couple
here or there, you know, some left-leaning issues.
I'm okay with that.
I know you may disagree, but I think if the Roseanne show would have come out of the box
with Roseanne all of a sudden is a Reagan tax cutter and she's, it would have been,
it wouldn't have been real.
I mean, think about it, Joe.
Let me give you an example from your era and a little bit of mine. Norman Lear's, you know, all wouldn't have been real. I mean, think about it, Joe. Let me give you an example from your era
and a little bit of mine.
Norman Lear's All in the Family.
Yep.
All in the Family had Meathead.
Meathead was a, wasn't he a big like hippie?
Oh, he was a huge lib, yeah.
Yeah, Meathead was a lib.
And I think that's one of the reasons
the Archie Bunker show, and listen,
Bunker obviously said a lot of provocative
in character in the show.
Yeah. What was his name?
Carol O'Connor.
O'Connor, that's right. Yeah.
By the way, the beginning of that show,
the row houses, that was filmed in my neighborhood
in Glendale. It was pretty cool.
But it was meant
to be somewhat controversial.
To show how real people in
real America sometimes talk and sometimes
it ain't cute.
Maybe that's what this did.
Maybe it stopped with this nonsense that everybody's all cute and clean and everybody's falling in with the identity politics, left agenda and gender fluidity and all this other.
Maybe this is what we needed.
You know, it's funny.
I had these two topics, dude.
And I swear, I usually try to time it out to give you a decent scope of stories.
Rarely, if ever, do I spend an inordinate amount of time
on not one, but two topics at the same time.
I thought this would be over by now,
but I think it's interesting.
So again, I always appreciate your feedback on the show.
All right, final read for today.
I got a couple more things, so don't go anywhere, folks.
A couple more important stories, including a major league bombshell by Sarah Carter last night.
I was like, I sent out a tweet.
I was like, what?
Then do it.
Then do it.
Yes, do it.
Do it.
All right.
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All right.
Major bombshell last night by Sarah Carter.
Of course, it'll be largely avoided by the mainstream media.
But I am going to include another one of these must-read pieces in today's show notes at my website, Bongino.com.
It is a link to Sarah's piece about some new information, Joe.
New information that's just going to blow people away.
Apparently, did I take a photo of this?
No, I didn't. That's okay. Sometimes I take
screenshots, but I can explain it to you pretty
simply.
So, some new text.
First off, before we even get to that, what have I
been telling you? What's the theorem
we've been operating, the hypothesis we've been
operating on with Jeff Sessions? Here we go.
Take it easy
with Sessions. Take it easy. Take it easy with Sessions.
Take it easy. I'm telling you
things are happening. McCabe's
been fired. The IG report's
been coming out, which is damning.
People are cooperating in the FBI.
I'm absolutely convinced, Joe.
Uh-huh.
Yeah.
I wish we had a ditto cam for that one.
Things are happening.
Just give the guy some time.
Things are going down.
What did we find out yesterday?
Before we get to Sarah Carter,
it'll be another piece in the show notes
from the Washington Examiner.
Now we find out
there's an investigation going on
into the FISA process.
In other words, into the process used to spy on Trump.
Oh, we just found that out.
You don't think this has been happening the whole time?
You don't think there were little cooperators in there?
Little kind of birdies whispering in people's ears?
Folks, the investigation's already going on.
Scrap that for a minute.
That's point number one.
Take it east with Sessions on the Take It East theorem.
Take It East theorem number two.
More text messages are coming out between Peter Stroke,
one of the lead FBI investigators in this case,
and Lisa Page, who was a FBI attorney he was working with
and had a relationship with as well.
These text messages have been creeping out.
They're slowly coming out as the OIG reports coming out.
We find out yesterday that the White House, the White House itself, was likely involved in the coordination of this attack on Donald Trump.
Now, folks.
Where have I heard that before?
I don't know.
On the Dan Bongino show, maybe?
When I was talking to you?
That's right.
Yeah, it's right here.
Now, the sourcing on this has been solid.
Sarah's sources are not.
I'm pretty sure they're not mine.
Based on what she says in the piece,
she doesn't say who they are,
but she hints at where they're coming from. based on what she says in the piece. She doesn't say who they are,
but she hints at where they're coming from.
So by those hints, they're not my sources,
but I've already told you that there was some White House involvement in this.
Now, how do we know that?
What we learned in Sarah's piece,
according to her sources,
is that there was a meeting in August of 2016
between a lead FBI investigator by the name of John Maffa,
who had a key role, by the way, folks,
in the Hillary exoneration letter.
Remember the speech by Jim Comey
about that exonerated Hillary?
They laid all this stuff out,
and then they said, oh, and by the way,
we're not going to prosecute.
So this is a upper-level manager in the fbi follow the timeline here so be quick
in august early august he meets with the white house chief of staff dennis mcdonough to talk
about this case against trump against the trump team, and probably about Hillary too.
White House Chief of Staff, you're now a breath away from the President of the United States.
Mothma meets McDonough in August.
Why is this timeline August of 2016?
Why is this significant?
Because what happens in August of 2016 too?
John Brennan.
Oh, Joe, where did we say that the master of puppets here might be john brennan again on the damn bongino show yeah john brennan in august of 2016 what does he do
he waltzes his butt up to capitol hill and gives a briefing to the gang of uh eight there harry
reed included about this case includes in the briefing, which is highly
likely based on a letter Reid produces just days later, briefs them on the dossier he
said he knew nothing about in December, which is after August.
So in August, just to be clear about what we're talking about, for those liberals out
there listening to the show who think the White House has no attachment to this scandal at all,
in August of 2016, senior high-level managers of the FBI who had a role in drafting the exoneration letter for Hillary Clinton meet with White House officials, the White House chief of staff, a stone's throw away from the president.
stones throw away from the president.
In that very same month,
the president's CIA director,
a noted political hack and a liar in John Brennan,
briefed members of the Senate
and the Congress on a dossier
he claims he knew nothing about.
And just days after that briefing,
Harry Reid fires off a letter
to the FBI requesting that they investigate trump
of which by the way right after that stroke text lisa page here we go
insinuating in the text that this was all planned the entire time yeah well, well, you know, that's just like your opinion, man.
Yeah, it is.
And it's a good one.
So now, does this kind of hammer home
what I have been telling you?
The return.
But he loves that guy.
I have been telling you from the start
that this, the White
House knew. The White
House was deeply involved in this.
Brennan was running point on it.
Brennan, what was
Brennan's limitation in this though
folks? If you listened
to the show a couple weeks ago, you already know the answer
to this. Brennan was a trusted
political hack of the White House.
Brennan has a trusted political hack of the White House. Brennan has access
to foreign intelligence streams, but Brennan is the head of the CIA. He has no law enforcement
powers at all. They need to bog down Trump in the United States legal system using the law and law enforcement tools.
Those law enforcement tools are not available to John Brennan.
The CIA cannot swear out a warrant.
But who can?
The FBI.
So Brennan needs the FBI and Jim Comey.
Brennan, though, to get the FBI on board, can't be seen pressuring the FBI himself, Joe.
So who does he use?
Harry Reid and the Democrats up in the Congress.
He walks up there.
He briefs them.
Harry Reid fires off a letter to the FBI.
Now the FBI has got to get something done
yeah brennan can then claim hands off i didn't do anything i just briefed them on fake information
conveniently right around the same time that members of the fbi are briefing the white house
and the president's chief of staff the fbi, who is already, by the way, I believe, involved in this,
but needs a push, gets it from Harry Reid.
Yeah, hey, we covered this this morning on the radio show,
and when I heard it, the first thing I thought of was,
well, I knew that three weeks ago.
We did. We talked about it a while ago.
But Sarah's sources, Sarah's great.
That's cool.
Sarah Carter is terrific, and her sources are not mine.
I can just tell by the way she writes.
Yeah, man.
And yeah, we had heard a lot of this stuff,
and we discussed John Brennan's role in doing this a while ago.
But now Sarah's piece is really good.
And I'm telling you, Brennan needed the FBI.
The FBI was involved but needed a congressional
push or some formal reason to get
involved. They needed to put a legal face in her
investigation. Brennan's
role in this, in going up
to the Hill and talking
to these people and Harry Reid, and then Harry Reid
writing a letter to the FBI requesting they
investigate it, was exactly what they
needed to start this whole operation.
And then Stroke, who seems to start this whole operation and then stroke who
seems to know this was all in the plan from the beginning all right we're gonna wait for harry
reid to write this letter and then we're gonna get going on this texas girlfriend there lisa page
here we go right after an article in the new york times comes out about this this this stuff
fascinating um all right I got five minutes.
So I'm going to make this quick.
There's a twofold attack going on right now on our democracy.
One of them is automatic voter registration.
I'm going to get into more of this later, by the way, on my NRA TV show, nratv.com.
It's available on Roku and Amazon Fire.
It's live every night at 5.30 p.m. Eastern time, thanks to everyone who tunes in.
Roku and Amazon Fire.
It's live every night at 5.30 p.m. Eastern time.
Thanks to everyone who tunes in.
Maryland is now going to be,
it looks like the 11th state.
You saw this Joe to pass automatic voter registration.
So there's a two front attack going on in our election system.
And the twofold attack by the Democrats is substantial
and it's just as dangerous
as any of these foreign attacks we've seen as well.
They want automatic voter registration very simply. And it's going to be based any of these foreign attacks we've seen as well. They want automatic voter registration very simply.
And it's going to be based on anyone's interaction with state agencies.
Now, who has interaction with state agencies?
People, a lot of them who are in the country illegally.
They want to get you signed up for the voter rolls so that they can go out and target you.
It's relatively easy if you're on the voter rolls for people with walk lists to go out and knock on your door.
And listen, voting is great. You should vote. I'm not disincentivizing anyone to vote,
but you should be voting because you can vote. You're legal. You're in the country legally, and you have an interest in the process. If you don't have an interest in the process and don't
care, then you're a disinterested voter. Then you know what? That's fine. Do your thing.
It's your freedom to vote or not vote. But automatically
enrolling people in the process, which potentially enrolls illegals as well, is very, very dangerous.
So step number one is this automatic voter registration. We're seeing it now in Maryland
where they're trying this now. I'm going to include an article in the show notes. It's a
short one from The Hill about this today. They would be the 11th state to automatically enroll
people, which would, in my opinion, unquestionably include people in the
country illegally. Secondly, is this fight in the courts to overturn what they call partisan
gerrymandering, right? Which I only bring this up because the Democrats have lost control of the
states. Republicans control the overwhelming majority of state legislatures and governorships,
including in blue states like Maryland, Massachusetts and Illinois.
Yeah.
Democrats hate that.
So Democrats want to overturn the ability of the states to control what their congressional districts are.
Now, what's fascinating about this is Democrats are fighting on both sides of this.
But in some respects, so are some Republicans.
That's where I'm going to jump in.
Democrats are saying in Pennsylvania, we don't
like the gerrymandering here because why? Because Republicans control the majority of congressional
seats in Pennsylvania. But in Maryland, Democrats are arguing the opposite. No, no, gerrymandering
is great because we control every seat in Maryland outside of one. Andy Harris's seat on the eastern
shore. It used to be split four four you know what 10 15 years ago
and bob erlich was in the congress right remember that now it's seven one why does this matter to
me so the democrats eric holder is waging a war against partisan gerrymandering what he calls it
nationwide because he understands that republicans are in charge if democrats were in charge of the
governorships i promise you holder would be fighting for partisan gerrymandering so those
democrat governors could do what they did in Maryland and take away congressional seats by
redrawing congressional lines using computers. So it's fascinating hypocrisy. The problem I have
with this is some Republicans are fighting this as well. And in Maryland, it involves me because
a Supreme Court case being heard this week, what is it, Ben Yashak versus Lamone, involves the
sixth congressional district of Maryland,
where I ran, which was unquestionably gerrymandered badly. And that's why we lost by a point.
But folks, what I'm trying to tell you is be careful with this. Be very careful
in introducing a judicial component to the drawing of congressional lines,
because what's going to happen is it's going to happen in Pennsylvania, where you're going to see state courts drawing up districts
that depending on the partisan breakdown of the state court is going to result in Democrat
districts, not Republican ones. Don't introduce the courts. If you allow the politicians to
control it, at least the politicians are somewhat accountable. You know what? You don't like the
partisan lines in Maryland? Great. Vote for Larry Hogan for governor for reelection. He gets to redraw them when it comes
up in 2020. You don't like the Democrat lines? Vote out the Democrats. But it involves me. I
thought I'd throw it in there because I ran in that district and my name is being invoked in
the Supreme Court case. And, you know, I'm not necessarily happy about it in some respects. So
the Democrats being phony about it, too, that is.
They're invoking my name saying, hey, look, Dan Bongino almost won.
It wasn't a partisan gerrymander.
So, all right.
This is interesting stuff.
All right, folks, please go to Bongino.com.
Sign up for my email list there.
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