The Dan Bongino Show - Ep. 710 The Secret Back Channel Exposed
Episode Date: May 1, 2018Summary: In this episode I address the secret intelligence back channel exposed in last week's report from Congress on the Russia probe. I also discuss the real ramifications of the growing national d...ebt problem and a political strategy for building electoral power. News Picks: Today’s edition of liberal myth-busting: Did the NRA “ban guns” at the NRA convention? Unbelievably, the secret probe into Trump continues. Facebook is spamming my content. When is this going to stop? The U.S. is rapidly approaching insolvency. These debt numbers are staggering. An article that does an excellent job explaining why the GOP’s electoral strategy is failing. 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.
All right, welcome to the Dan Bongino Show.
Producer Joe, how are you today?
Hey, Dan-o, I'm doing good, man.
Yeah, man, a lot going on.
So I will see you all, hopefully, at the NRA convention this week.
Thanks to everyone who's been watching my NRA TV show at 5.30 p.m. Eastern Time.
Appreciate it.
NRATV.com, Roku, Apple TV, Amazon Fire, Chromecast.
Thank you so much for the feedback on that.
I really appreciate it.
I look forward to seeing you all out there this week.
It's been a busy week so far.
I have to take a little break to go out there.
So when I do that, Joe, I work out straight through.
I don't take any days off.
So I've been in the gym now,
what is it? Seven days in a row. And I am at right now a catastrophic level of soreness.
You know how you take a day off and I've been lifting, gosh, 30 years. So after a while,
the soreness dissipates and you can usually get over it after about 12, 24 hours.
I am just like rolling one sore muscle into the next.
It's just crazy.
It's been so much pain.
And I grappled over the weekend, too, which is even worse.
All right. I got some really, really great stuff for you today.
A finding in this House report that is just blows this whole thing out of the water.
And again, being ignored by the media.
And I told you yesterday I would talk about this story about the funding of this operation against Trump,
which continues amazingly to this day.
All right.
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Okay.
So yesterday I brought up this story and I want to hat tip Sean Davis at The Federalist.
But there's been some follow-up on it.
He's the one who initially put this story out.
I had it in yesterday's show notes, but I will reinsert another article from Zero Hedge in today's show notes about this connection
to this Dianne Feinstein staffer and a guy named Dan Jones. I had a Dan Jones. I had a Dan Jones
in secret service school with me. He was a good dude. Dan, this is a crazy story, folks. So you
would think, right, with all of this major league fiasco
and the Russian collusion nightmare, which is entirely collapsed, right?
Yeah.
You would think the Democrats would be eager to move on and make this go away.
Joe, it's obvious.
It was a scam.
It was a setup.
The media is ignoring the biggest scandal of the century,
but it's becoming painfully obvious by the day that this was a setup.
You all get that if you listen to the show.
I don't need to beat a dead horse on this.
Matter of fact, we're thinking of changing the title of the book to something really simple just to say that, like the setup of Donald Trump, because it was.
What's amazing about this is in the House Permanent Select Committee on Intelligence report,
the report done by Capitol Hill about this Russian collusion fairy tale that didn't exist.
In there are some amazing findings.
One of them is that the operation to hit Trump is still going on.
It's still going on.
And it's being funded by a bunch of New York and California donors, Joe, who are donating millions of dollars to this effort to continue to get this information.
By the way, it's been fake in the past.
It's probably fake now.
They're continuing to hit this guy.
It's almost like, what is that shirt that, you know, the beatings will continue until morale improves?
Guys,
you have yet to produce a scintilla of evidence
that has shown anything other than the fact
that the Democrats colluded with the Russians,
and I'll get to that in a second,
because there's another juicy tidbit in there
that I want to get across to you
that's going to just blow you away.
But you've never produced a sniff of evidence and you're still going now why is this
interesting so let me just tell you number one who's running it why who's running it matters
who's funding it and what they're trying to do with it so this operate you clear what i'm talking
about joe there's still a hit job on donald, an information hit job going on, even though the old hit job and set up, it blew up in their faces.
It's still being funded now.
According to Sean Davis at The Federalist and Zero Hedge piece I'll put up in the show notes, which is pretty good.
I suggest you read it, by the way, if you really want to see how disgusting the swamp is.
It's being run by this guy, Danones now why is dan jones significant let me put some let me tie some things together
for you that are quite fascinating dan jones was a staffer for diane feinstein democrat senator
from california die fight, why does that matter?
Do you remember when Glenn Simpson of Fusion GPS, now this is the company, follow me here.
When Glenn Simpson of Fusion GPS, the company hired by the Clintons to dig up dirt on Trump that turned out to be false.
When Glenn Simpson went up to Capitol Hill to testify. Something happened with his testimony.
It was behind closed doors, Joe.
We talked about it on the show the day after it happened.
And one of the fascinating little tidbits about his testimony is it was leaked.
It was leaked without the authority of the chairman of the committee, by the way.
Who leaked it?
Oh, Dianne Feinstein.
DiFi.
Same Democrat senator we're talking about now.
DiFi strikes again.
Folks, if you don't remember the story,
Google it yourself.
She leaked the testimony of Glenn Simpson
and then she blamed it on having a head cold.
Do you remember this story, Joe?
Yeah, that's like my T-shirt.
It said bull shirt.
Bull shirt.
Yes, bull shirt.
That's going to be another one.
We're adding that to the list.
They're growing.
Fanu, Lanu.
We've got a bunch of them.
Joey Bag of Donuts.
She leaked the testimony of Simpson, which she was not authorized to do.
Why is any of this matter to you? Because at the time there was this big, like, why is a Democrat senator, obviously an ally
of Clinton and Obama, making an unauthorized release of Glenn Simpson's testimony, which
made the Democrats look like idiots.
Right.
Yeah.
The testimony was not good for the Democrats. And I'd said to you from a well-placed source, very knowledgeable source,
the reason she leaked the testimony, Joe,
was so that all the liars could get their story straight.
Remember?
Yeah.
Because Simpson's testimony was sealed.
It was behind closed doors.
Now, Dianne Feinstein, the Democrat
Senator, I'll put this together for you
all in a second, I promise.
Dianne Feinstein,
everybody was like, why is she leaking it?
Well, now we find
out her staffer, former staffer
Dan Jones, still
has an oppo research hit job
going, paid for by
liberal elites to the millions of dollars.
They have apparently up to 50 million dollars from New York and California liberals, mega donors.
Why would Feinstein then leak the testimony of Simpson?
she realizes she was running an unauthorized intel operation against the president-elect and Donald Trump is a Republican while she was a U.S. senator and maybe it was being
run through her staffer, this guy Dan Jones, who was still up to it.
Maybe she was afraid that when Dan Jones and others get called up to Capitol Hill, Joe,
that their stories wouldn't match Simpson's.
So what does she do?
She goes, hey, everybody, look, this is what Simpson said.
Wink and a nod.
By the way, make sure you say the same thing.
Are you tracking, folks?
This is really important you understand this.
Because it speaks to how crazy this thing has gotten.
The only reason I'm bringing it up is the report came up last week.
I promise you, I am not prolonging this case for ratings.
The ratings on the show are killer.
The download numbers are great.
When news breaks, I cover.
I've got a lot of other stuff to get to, too.
I'm going to get to it.
But do you understand the depravity of this thing?
That it appears now that a staffer for a democrat u.s senator was running a personal
intelligence operation from the u.s senate against a political opponent and they were feeding the
information to the fbi how do i know that because in the report, it says they are still trying to get this info to the FBI.
Oh, my gosh.
So you fed a bunch of crap information from Russians.
Again, I'll get to that in a second.
From Russians into our justice system, used to put together a FISA warrant to spy on what look to be now innocent Americans.
How do we know?
Because Carter Page isn't in jail, the guy they spied on.
He's all over the news.
It looks like you spied on innocent Americans with information from the Russians.
And this guy, they're still trying to feed this information to the Bureau?
Please, if you are in the FBI, please, God, and I am not using the Lord's name in vain,
tell me you are verifying this stuff.
You had better be doing your homework this time.
I have no problem with people giving tips to the FBI.
I'm just saying.
This guy, this operation was a total scam in the past.
It looks like a total scam now.
And the craziest part about this whole thing
is she leaked the testimony after Simpson went up there.
And now it appears to be she did it to protect her own staffer who was probably working with Christopher Simpson at Fusion GPS to generate this negative information on Donald Trump.
Now, one more angle that's one of these scramble your egg moments here.
that's one of these scramble your egg moments here.
Folks,
Dan Jones is also mentioned in a text.
What text?
There is a, you're going to have to follow a bit here, but this is really, really interesting.
There is a lobbyist.
He lobbies in D.C.
He's lobbied for a lot of people,
but he represents a Russian oligarch
who is deeply connected to Vladimir Putin.
So track me here.
Lobbyist in D.C.
He works for a Russian oligarch
connected to Putin.
The guy's name is...
Oleg Deripaska, remember the names.
Yes, yes, yes. The lobbyist's name is Oleg Deripaska. I remember the names. Yes, yes,
yes. The lobbyist's name is Adam Waldman. So, lobbyist
works for Deripaska, who's Putin's
buddy. Yeah.
This lobbyist
at one point starts
texting another
Democrat senator. Wait,
what is going on in the U.S. Senate?
Are they running an intelligence
operation? I just told you about the Dianne Feinstein angle, okay? Keep in mind, we have a CIA
for this, folks. It appears that the United States Senate was being used to run an intelligence
operation against Donald Trump. I'm not making this up. I just told you about the Dan Jones at Feinstein staffer operation where he's still doing it.
Now it gets fascinating because there's another Democrat senator implicated this.
The Virginia Senator Mark Warner.
Oh, man.
This lobbyist.
Yes.
And remember, you're the audience on Budsman.
They count on you, Joe.
So if I lose you, you got to tell me. This lobbyist working for these connected Russians texts another Democrat Senator Mark
Warner and says to him, hey, I want to connect you with Christopher Steele, the same British
spy working for the Clintons.
Now, I've talked about this before.
But what's interesting about it is in the text waldman mentions contacts
with jones and insinuates that dan jones the feinstein staffers coordinating all of this
oh man so let me get this straight a lobbyist working for a russian oligarch deeply tied to Vladimir Putin, is representing in some way as either a friendship or a business tie,
is representing the British spy who produced the fake information used to spy on the Trump team.
And he's also speaking with and using as a conduit another democrat staffer working for a senator diane feinstein
who is still engaged in an ongoing intelligence operation against the trump team dude i just broke
a yoke yeah is this crazy man yeah is this the nuttiest thing you've ever it never ends this is
why this thing i i tell paula every day i i so desperately want to move on to other stuff.
Right.
You know, we had the Iran news yesterday.
By the way, quick shout out, the Israelis, you guys have cojones of pure titanium.
One of the biggest, boldest intelligence operations I've ever seen in my life. The Israelis send a spy in to steal a bunch of
hard files about the Iranian
nuclear program and utterly
humiliate them yesterday in a
press conference. Bibi Netanyahu put on.
I wasn't even going to cover it, but if you missed it,
watch the press conference.
Bibi Netanyahu's doing a PowerPoint.
Here's inside the Israeli
nuclear reactor. It is the greatest
thing ever. Listen listen no matter where
you are on foreign affairs me haven't been a law enforcement guy i've never was an intel guy
but a law enforcement guy that operation took stones like you have never seen in your life
they basically stole a connex box full of files from the iran and did a PowerPoint on it. I mean, how they smuggled that
out of Iran, I'll never figure out. But this case, getting back to my point, is so damaging.
Everything, on a very serious note, again, I know I could be sarcastic in both of my shows,
but on a very serious note, everything we thought our constitutional republic stood for has been dismantled by this
one case. Intelligence operations being run by diplomats. Now it looks like, remember I told you
the intelligence was being run, if you listened to last week's show, also through the State Department.
Hillary Clinton's friends, Sid Blumenthal and Cody Scheer, not, they don't work for the government
at all. They were running a private intelligence operation
through the State Department,
fed into the FBI to spy on Trump.
Now we see some of the other channels they were using.
They were using the United States Senate.
Ladies and gentlemen, these are legislators.
These are lawmakers.
These are not intelligence officials.
What is Democrat Senator warner doing coordinating
with a staffer who works for democrat senator diane feinstein to open up communication channels
to a british spy working for hillary while you're representing a russian oligarch tied to vladimir
putin do you understand the level of depraved the utter depravity we're talking about here?
Now, I'm going to wrap it up on this one point.
I've got some other stuff.
But finding number 38, literally in the House Select Permanent Committee on Intelligence's report.
Folks, the biggest story of the century is the fact that Russian collusion was very real.
Folks, the biggest story of the century is the fact that Russian collusion was very real, but it now unquestionably was a collusion operation with the Democrats and the Clinton team. Read finding number 38. It's very, very simple. Came out last week. spy who worked for Hillary's team to gather the dirt on Trump, was also in communication with that lobbyist who was working with Dan Jones and Deripaska, who was connected to Putin.
Christopher Steele claims to have obtained this information.
This is incredible. Second and third hand
from purported high placed Russian sources
such as government officials
with links to the Kremlin and Intel services.
What?
Yes, that is in the report.
It is finding number 38.
Read it yourself.
So the spy, the UK spy, the British spy working for Hillary, also connected to a lobbyist
who's trying to open up communication channels between connected Russians in the US Senate.
He now, it's been uncovered in the House Intelligence Committee's report on it, That his information came from the Kremlin and Russian intel?
Guys, ladies.
Where was the media on this last week when this came out?
Do you now see why I'm so down on Mueller and why I talk about this a lot?
The whole collusion operation is
real. It's a Democrat
operation. We now have the
information. We have the facts to back it up.
We have the connections.
It was being
run, an intel operation against
the President out of the United States Senate
and out of the State Department. Now does
that Devin Nunes interview make sense with
Maria Bartiromo?
Where she said no.
Let me be clear on this.
Devin Nunes, who ran the investigation from the hillside.
He is a Republican.
Congressman from California.
Nunes gave an interview to Maria Bartiromo.
That show went nuclear last Monday.
We did crazy numbers.
Go listen to it, please.
Listen to the sound bites we have in there.
Nunes tells Maria Bartiromo there was no official intelligence used to open this investigation.
Right.
Everybody went nuts over that.
Yeah, official.
Yep.
That show went crazy.
Yeah.
And I said to Joe the next day, do you believe this?
The largest spying operation in U.S. history on a political candidate, now president, was started with no official intelligence.
But notice what he didn't say.
He didn't say unofficial intelligence.
Now does the story make sense, folks?
There was an unofficial intelligence operation being run out of the United States Senate and the State Department.
Oh, it's a conspiracy theory? Really?
Read the House report on Dan Jones.
A Feinstein, a Democrat senator staffer who is still running this operation,
trying to feed information to the FBI.
They have no fear, folks. It's amazing. None.
All right, I've got a couple other stories I want to get
to. Really good stuff. Today's show also brought
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Go check it out, itargetpro.com. Okay. Facebook, I covered this on my NRA TV show last night,
but I wanted to bring it up today. I'm not going to hammer it to death, but it is worth mentioning.
If you are a follower of mine on Facebook, you may have noticed last week that I don't put my content up on Facebook, my podcast content that often.
I maybe put a show up a week or I'll put my website up on Gino.com once a week.
The reason I do that, by the way, is I don't want to bombard you with my content.
When I say content, I mean my website.
I don't.
It's for personal reasons.
I know a lot of you probably say, well, why?
I'm on your page.
Yeah, but I feel like one of the things about this show that Joe and I try to do is we're
not here for a reason.
Yes, we sell stuff to stay in business.
Obviously, it's my job now. But we never want to feel like we're selling you stuff all the time. We don't you know yes we sell stuff to stay in business and you know obviously it's my job now
but we never want to feel like we're selling you stuff all the time we don't bombard you with stuff
i mean some guy left he sent me an email once when my last book came out like you should probably
mention that like i mentioned it like three times it moved on um so i don't post my content a lot
on facebook this is important for the story maybe twice three times a month tops i'll put my website up i got probably a hundred
maybe 200 emails i lost count from people taking screenshots last week first one i saw i didn't
ignore it but i was like oh maybe it's just user and it said dan it was almost verbatim every post
right i tried to share your website your podcast my Facebook, and this is what came up.
And they sent me the screenshot.
This post has been marked as spam.
And after like the 100th or 150th email, I thought, what the?
So I went on Fox and Friends Monday morning, and I spoke about this.
And thanks to everybody who liked my page and response, by the way.
There's like 7 7 000 new likes there
folks i don't know what happened all i know is this i'm not a victim i'm not going to be anybody's
martyr here but facebook has been crapping on conservatives for a long time and did you notice
joe that this stuff seems to only happen whether it's the algorithm changes, your post has been marked as spam,
it seems to only happen to
conservatives like me. Nobody else.
Now,
it really ticked me off.
I went on Fox.
I still haven't heard from Facebook. You know, we only have
like, what, the second biggest conservative podcast
in the country. You think you'd be interested,
Facebook, in clearing this up? Zippo.
I have heard nothing from Facebook, no email.
If they send something, I'll clear it up.
I have heard nothing. You're welcome
to DM me on Twitter, whatever.
I haven't heard anything from Facebook
why my content was labeled as spam.
That's why I opened up the way I did.
Because unlike
a lot of other folks, not all,
but a few, I do everything
in my power to not spam you on facebook
yeah so i find it ironic that a guy who doesn't even post his own website that often gets labeled
as spam this never happens to lives now what's the solution we could all gripe and moan all day right
i'm torn on this folks and i wish i had an easy answer for you. Let me just preface this by saying I do not.
I only have a series of what's the least worst thing to do right now.
That's all I've got for you.
We have two options.
Now, in the past on this podcast, I've said many times, seed no ground on this and hammer away, Joe.
If we don't continue to post on Facebook,
we're going to cede the forum to liberals. I'm starting to have a bit of a change of heart on
that. The reason, folks, is it's already been ceded to liberals. It is clear now Facebook is
shadow banning our stuff. It is clear Facebook is shutting our content down. They've collapsed
the daily wires traffic from Facebook
I mean Ben Shapiro's site is still doing quite well don't get me wrong
but they destroyed their traffic from Facebook
they've destroyed other conservative websites too
and none of this as far as I know is happening to liberal websites
we have to fight back folks
something has to be done
I haven't decided yet but I'm considering either dumping my page
altogether or maybe restricting posts to like once or twice a week. Now you may say, I don't
get it. How does that help? Well, one, if I do it by myself and nobody joins me, yes, you're right.
It's not going to help at all. And I am under no illusion that this is going to start a national
movement here, folks. Believe me, I'm proud that you listen to my show.
I'm glad we've got a nice place in the conservative ecosystem here.
But I'm under no illusions of my importance.
But Facebook, I said this to Brian Kilmeade on Fox & Friends Monday morning.
Facebook, Joe, profits off of the free content provided by who?
You!
You too.
Armacost and me.
Yeah.
When people like me and Killmeat and others,
if we were to even restrict our posting to say three or four times a week
and into one time a week, Facebook's got nothing to sell.
Folks, it's like a dance party where no one shows up to dance.
Hey, let's go to a dance party.
Is anybody there?
No, there's nobody there.
Well, you're dancing by yourself.
Now, I don't have my audience.
The audience is great.
We're big.
We're not big enough to start this on our own.
If someone out there, prominent conservative, wants to come with me on this and start a, you know, let's cut down on Facebook.
Let's chop it down.
Let's stop posting as much.
Let's do a one-week boycott.
I'm down to do it.
But Facebook better clean up their act
because I haven't decided yet.
I just don't want to force people.
You know, some people need Facebook to stay alive
and I don't want to put anyone else in a bad spot.
I want to start calling them hate book.
Or fake book.
I mean, I've heard them called.
But they can't stand us.
They can't.
I applaud Ted Cruz for calling Zuckerberg out.
But it's really pathetic.
We had the diamond and silk thing.
Unsafe for the...
And you ever notice, Joe...
I'm going to move on.
Unsafe.
But you ever notice with them...
It's always a mistake.
Yeah.
Facebook.
Oh, no, it was a mistake.
We have diamond and silk.
I'm sure if they do send...
Which I don't even think they will.
If they do send me an email,
oh, it's always a mistake.
But it's never a mistake for liberals, which is super irritating.
All right.
Another viewer email I got, or listener email, I should say, I got from someone the other day.
It was an interesting one.
He said, Dan, you talk a lot about strategy, but one of the things you fail to address is strategy from 30,000 feet.
of the things you fail to address is strategy from 30,000 feet.
In other words, on your show, when you talk about economics a lot, you address 30,000 foot principles and you avoid a lot of wonkery, which they said I really appreciate.
But what's your longer term strategy on the political side?
And I have mentioned this a long time ago on the show, and I haven't mentioned it since.
One of the best articles I've ever read.
Let me take a note on this hold on finnigan you don't
have to delete this out joe i usually tell joe when i want him to cut this down but this is that
was just extemporaneous so you can leave it um there was a conservative author a republican
author out there a guy brandon finnigan and i think he wrote the piece in national review and
i read this piece probably close to two years ago and covered it on my podcast in the original episodes we were only a weekly
you remember it I remember the name from that yeah yeah we did the weekend show on it and it was such
a good piece it was good because it was a 30,000 foot view of how the Democrats are beating us politically at the vote, basically at the voting game.
And he was right. Now, this was before the election of Trump, but we still, remember,
lost the popular vote in that. And I wanted to bring this up again in response to the email.
Let me set up the premise of what Finnegan says, and it was really genius. And I will find it and
try to put the piece in the show notes. I strongly encourage you to read it.
Again, it's a couple years old, but it's still very good.
The premise is simple.
Why are they getting more votes than we are?
We have solid ideas.
Everybody wants more money in their pocket through tax cuts.
Everybody wants to control their own health care.
People want to pick where their kids go to school.
Like, why do we keep getting our cabooses kicked
with them getting more votes than we do?
It just doesn't make sense. Finnegan's premise was really smart. He said this,
they're fishing in a bigger pond. They're fishing in a bigger pond.
They are better organized at the voter registration game. Now, the listener emailed me because the 2018 midterms are coming up.
They're right around the corner in November. Elections for a third of the Senate and all
of the congressmen and women are on the ballot. He's like, what do we do? Folks, the key is voter
registration. If you're not registered, you can't vote. The Democrats have been focusing on voter registration for eons forever now when you
register people to vote you can't you can't you can just register you can't force them to register
for a party you'll know that's against the rules you can't do any of that but there's nothing wrong
with conservatives setting up a voter registration booth at a gun show at a firearms convention again
you can't tell anybody what to register as, Republican or Democrat.
That is against the rules.
But you can go and go to places where you think Republicans may be.
And you can't turn someone down.
You have a Democrat because I want to register as a Democrat.
Go right ahead and knock yourself out.
But if you live in conservative parts of the country, folks,
we have to start registering voters.
The Democrats understand this, and this is
why they're swimming in a bigger pond, right? What do I mean by that? And Finnegan covers this very
well in his piece. He's like, Joe, it's common sense stuff. If you have a low turnout election,
and the Democrats, say, have 45% turnout, And the Republicans have pretty decent turnout, say 55%.
I don't know if that's decent or not for a midterm.
Probably not.
But you get my point.
The Republicans turn out more than Democrats.
Got it.
Why are the Democrats still beating us?
Because, Joe, do you want 45% of 500,000?
Or do you want 55% of 100,000? You want 45% of 500 000 or do you want 55 percent of 100 000 you want 45 percent of 500 000
in other words the democrats have registered so many voters through their works with unions and
their ability to organize remember the democrats think like a hive mind it's a very essence of
cultural marxism and marxism. Think collectively. Collectivism.
That's what communes,
that's what that all is.
They think collectively.
They have been so effective at dramatically increasing the pool of voters
that even when voter turnout,
excuse me, collapses,
when voter turnout collapses,
the Democrats still get people to show up
because they have such a large
pool of registered people. Does this make sense? We have got to start thinking like the Democrats
do. We have got to start thinking collectively. We have got to expand the pool of fish in the pond
so that when voter registration for us, excuse me, voter turnout is low for us,
55 and 52%,
we're still in such a big pool
that we don't have to lose
these close elections constantly.
Now, forgive me for not bringing that up sooner.
You know, sometimes you get lost
in the minutia and stuff,
but that's the 30,000 foot view
of political strategery.
And one of the reasons why
us as Republicans
we continue to lose in the popular
vote front. We're just not registering
voters. So if you're
looking for an action item and the do
and the do matters to get in this fight
go join your local
Republican club and find out a way to get
people registered.
As many as you can.
Gun shows are probably a good place to do that outside.
Just saying.
All right, moving on to another interesting story.
Fake news.
This is a fake news alert.
The story you're about to hear is inaccurate, bogus, or just a bunch of crap. This is a fake news alert. The story you're about to hear is inaccurate, bogus, or just a bunch of crap.
This is a fake news alert.
If you only saw on a ditto cam what Joe and I were doing.
This is funny, by the way, because we hadn't played that.
Now it's two days in a row.
We haven't played that in so long.
I'm not kidding.
My wife listens to my wife.
I'm always on her. I love my wife to to death but she actually enjoys listening to my show like sometimes i'll
come home and she's got her earbuds and i'm like what are you doing i'm listening to your show i'm
like really you listen she's not even that super interested in politics but she loves my show so i
always think that's like a great honor so she's laughing her butt off i'm like what's funny because
i don't ever think i'm funny she goes you'll never believe never believe it. She goes, Joe played the fake news thing.
She's like, and I started freaking out right before you came in the door
because I thought it was like a real air siren.
She's like, I'm not making this up, Joe.
This is not for audience effect at all.
This is the Fanula News story.
All this stuff is real.
I do not.
The essence of good comedy is that it's got to be real.
She's freaking out.
She thinks like it's an air siren.
They're raiding Palm City, Florida.
She did not get it at all.
So she was laughing.
I came in from the gym and she goes, I swear I thought it was like an air raid.
Because we haven't used that sounder in so long.
So hat tip to Joe for that.
That was one of my best.
So two days in a row.
Now we may have to retire for a little bit.
It's still funny.
So fake news story.
Hat tip to legal insurrection for picking this up.
I will be at the NRA convention this week.
No one at the NRA or anyone else asked me to talk about this.
I'm saying this of my own free will.
The fake news story.
AP put out a tweet.
They have since retracted.
And the Washington Post and Huffington Post ran a story, Joe,
that hypocrites at the NRA, they're banning guns at the NRA convention.
Okay, fake news, timeout, 100% not true, completely fabricated.
Nobody is banning guns at the NRA convention.
Matter of fact, the rules on firearms for the NRA convention are on the website.
You know what rules they are? The same
rules that they have local
and state rules. There's no
ban on firearms at the NRA convention.
Where did they get the story from? And this
goes to show you the utter depravity
of the far-left fake news media and why nobody
trusts them anymore.
Folks,
the Vice President and the President will be speaking at the NRA
convention. The Secret Service, where I used to work, I'm uniquely positioned to discuss this.
The Secret Service has a set of rules in a federally protected area, which they are,
by law, they can enact on firearms. It is the secret service rule. It is not the NRA rules.
It is fake news.
They are complete.
Every single year this happens.
Every year where they make this up.
Matter of fact, I had a guy at CPAC when I was at the NRA TV booth.
I've told this story a few times, but it goes to show you how crazy the left can be.
Some lefty from some left-leaning outlet stick a microphone in my face at the NRA TV booth
when Trump was there.
How do you feel you're in a gun-free zone right now?
Aren't you guys a bunch of hypocrites?
I said, really, we're in a gun-free zone?
Because that Secret Service guy down there
is packing heat, I promise you.
I know, I used to be one of them.
He looked at me like I was crazy.
So you're telling me I get a Secret Service detail now too?
Like these are the knuckleheads the left are.
Not much more to say. There's no deep insights
here. It's just, it's fake news. It's like the fake
news story yesterday. It's made up. It's fabricated
BS. There is no gun
restriction by the NRA
outside of state and local laws.
It is a restriction put in by the Secret Service.
End of story.
Idiots. So stupid. Alright, I got two more I gotta get to. End of story. Idiots.
So stupid.
All right.
I got two more I got to get to.
Other good ones.
But today's show finally brought to you by my buddies at BrickHouse Nutrition.
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but I'm not trying. This was on the website. It said voluminous consumption of fruits and
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jar of Field of Greens today. You will not be disappointed. This is really good, high quality
stuff. All right. Another story I'll have in the show notes today from Zero Hedge about the debt.
from Zero Hedge about the debt. Folks, we're in a lot of trouble. We are in a catastrophic debt situation. It is obviously bad. The problem is it is getting worse.
We had, I was actually surprised, Joe, to see this number. In the last quarter ending March 31st, Mm-hmm. The United States government borrowed an astounding $488 billion.
Now, folks, to put that number in context, this is in three months, three, one, two, three.
We borrowed $488 billion. This is the largest amount of money we have borrowed in one quarter since the near collapse of the economy in the fourth quarter of 2008.
Where we borrowed $569 billion.
Folks, this cannot go on forever.
I don't know how many times I've implored you, and I appreciate all of you dancing with me
on this, who have emailed your congressmen, your senators, your congresswomen. This has to stop.
Sooner or later, here's what's going to happen. I've told the story before, but bear with me a
second because I don't think people grasp.
I'm not talking about you.
You're a pretty smart audience.
My audience gets it.
I know, because I read your emails when I talk economics.
But if you're a first-time listener or you're a liberal listener, you're always welcome here, of course.
I don't think you understand that this cannot go on forever.
This will stop.
Let me tell you what this is going to look like
when the tidal wave of debt we're accumulating
comes ashore and wipes out all the beachfront property, okay?
What's going to happen first is eventually
people are going to stop lending us money.
They are not going to lend us money forever.
Now, this is not a complicated concept to understand.
If me, let's say I was in debt, say I made $100,000 a year and I'm accumulating $100,000
in debt because right now our economy is worth $20 trillion and we owe $20 trillion. So what
we make, we owe. So let's say I make $100,000 in a year and owe $100,000. That's a lot of money,
Joe. Wouldn't you agree? Yes, it is. It's probably going to take a very long time at that salary to
pay off that $100,000. Now, what if I told you that the debt was accumulating every year at a
rate that made it almost impossible based on our growth rates to ever pay it off ever.
In other words, if our economy is growing at, say, 1% or 2% a year,
and our debt levels are growing at 3% and 4% and 5% a year,
it's an arithmetic impossibility that we're ever going to pay it off.
We are in a similar type situation now.
So what's going to happen?
Again, because anybody can whine.
I think what we value add on our show is we give you the actual, here's the only ways this can end.
If we don't get a hold of this soon, scenario one is going to be people are just going to stop lending us money.
It is not going to happen forever.
Nobody lends money to a country.
That will never ever pay it back.
Just like you wouldn't lend to me.
If I went two and three hundred thousand in debt.
The bank would say.
I'm sorry we're cutting you off.
Now what happens when they cut us off?
When they cut us off.
We're in a world of trouble folks.
Because we are spending. Far beyond our means. We have set
people up, Social Security recipients, Medicare recipients, Medicaid recipients, all kinds of
entitlement programs, under the myth that we have the money. We're borrowing it. I'm not knocking.
Please, I get it. Every time I bring this up, I get hundreds of emails. I paid into Social Security.
I get it.
I get it.
I paid into the food stamp program, too.
I don't get that back either.
I'm just telling you the government mismanaged your money.
I'm not knocking you.
I understand you've been ripped off.
I get it.
I'm simply trying to suggest to you that your checks you're getting now, yes, you did pay in, is no longer your money.
They don't have it.
They already spent that.
The same thing goes for Medicare.
The same thing goes for Medicaid in many cases.
In most cases, we don't have the money.
The money's being borrowed.
The money's being borrowed.
At some point, foreign creditors,
foreign countries that are lending us this money,
and United States citizens that are buying government bonds and buying T-bills and things lending to government money
are not going to lend it anymore.
Why?
Because they're not going to get it back.
That's scenario one.
So what happens?
In order to incentivize people to lend the government money, who won't because they don't think they're going to get it back,
they're going to have to pay outrageous interest rates to compensate people for the risk and countries of lending us money they don't think they're going to get back.
Countries are going to say what they said to Greece.
Okay, Joe, United States, we'll lend you money at
25% interest, like Joey Bag of Donuts,
like Donnie Brasco rates, like
your loan shark from the local neighborhood.
100% interest over two days.
It's the only way. Now,
what's going to happen then to those interest rates?
Those interest rates are going to filter
through the economy as money gets harder
and harder to come by
because nobody's going to lend it to us anymore.
So you're going to go buy a car.
You're going to be like, hey, what's the interest rate on that car loan?
27.6%.
Wait, what?
Come again?
What's the interest on that mortgage?
The mortgage, we're going to do a little better.
It's 18.5.
Wait, what? What's my monthly payment? It's $ mortgage, we're going to do a little better. It's 18.5. Wait, what?
What's my monthly payment?
It's 7,000 a month.
On what?
On a $20,000 mortgage.
Oh, by the way, that's all interest.
I'm exaggerating, but you get the point.
That's scenario one.
Scenario one is sooner or later, and it's going to happen.
There is no way around it.
It is a mathematic certainty.
People, countries, and people in countries
will stop lending us money,
and we will have to pay exorbitant interest
to compensate them for the risk
that they're not going to get paid back.
And those interest rates are going to be paid by who?
You.
Your car loans, your student loans, your home loans, your personal loans,
for your credit card, forget it. Be paying like 50% of your credit card. It's not funny, folks.
I'm just telling you the government has destroyed the finances. Option two,
the government can print money. Now you may say, oh, sounds like an easy way out, Joe.
Government can just print it?
In other words, if the government, if say the Chinese won't lend this money, the Japanese won't lend this money,
US citizens won't lend its government money because they're afraid they're not going to get it back,
they can just print it.
And you may be saying to yourself, well, that sounds like a perfectly viable option.
No, it isn't folks the government chose actually could have said like yeah yeah
baby that's that's his way of playing devil's advocate for this yes we can print money the
problem is printed money printed money with no backing and value printed money just for the
purpose of paying off money we've you know, bad money always chases out good money.
I'll explain that in a second.
That's an important thought.
But when we print that money to pay off the...
So let's say right now, right?
We ran a $488 billion deficit the first three months.
That's how I opened this up.
Let's say in the next three months it happened tomorrow.
Everybody said, we're not lending the United States government any more money.
The next three months, they need $488 billion.
They don't have it.
That's what they went into debt for for the last three months.
If they can't get it, they'd have to print it.
Okay, that's easy free money.
No, it's not free.
That printed money devalues the money you have now.
Bad money always chases out good money.
Milton Friedman uses a great analogy for this.
He talks about when tobacco farmers used to pay debts in tobacco.
So, Joe, let me ask you a question.
It's not a setup here.
Sometimes I try to trick Joe.
If tobacco leaves were like money,
I could pay off a debt,
and I owed you,
let's say I owed you $100.
Yeah.
And I could pay you in tobacco leaves.
Do you think it's better for me
to pay you with my finest tobacco leaves
or to pay you with a bunch of crap tobacco leaves I
want to get rid of.
The crappy leaves, man.
The crappy leaves.
Right.
It wasn't said in a trick way.
He's right.
Friedman gives that example all the time about that's exactly what happened when tobacco
was used as currency.
It was used as money.
Bad money chases out good money.
I borrowed good money from you, Joe.
I borrowed $100 in gold or whatever it was, currency.
We're using tobacco now as currency, too.
I paid you back in crap tobacco you can't use.
Printing money to pay off debt because we can't raise money everywhere else is bad money chasing out good money.
The good money was lent to us by you.
Joe, you buy government bonds, right?
Yeah.
Now the government's going to say to you,
okay, Joe, we're going to print a bunch of money to pay you back.
You think, oh, that's great.
Well, what you're forgetting here is printing money drives up inflation dramatically
because it's a whole bunch of new money chasing the same products.
It drives down the value of the money you have now.
And even worse, you're paid off with money that's worth less than it was when you lent it.
So you bought a government bond, Joe, for $100.
You were paid back 2% interest.
But inflation, say, 15%.
I've got news for you, Joseph.
You lost a ton of money.
Yeah, that bites.
That bites big time.
You're following me, right?
I sure am.
You lent the government $100 in good money, your money you worked for.
You get a bond.
Say it pays you 2%.
It's a one-year bond or whatever.
At the end of the year, Joe gets $102 back, but the government printed it and caused a
massive tide of inflation by printing all this new money, chasing the same products.
Say inflation's 15%.
Joe only got 2%.
Meaning Joe lost all that money.
It's gone.
Joe got almost wiped out.
Bad money always chases out good money.
And that is what's going to happen.
And don't ever forget that tobacco example.
All right, one final story for the day. Interesting poll up at, Reuters had a story on it. It was an
Ipsos poll. Democrats are losing ground, significant ground amongst millennials right now.
This is unsurprising to me, folks. I was waiting for this to happen. I shouldn't say significant ground.
They're losing ground, Democrats, with younger voters.
I'm just going to wrap up today by explaining what I think is happening here.
I get it.
If you're a younger voter listening to me, I appreciate what's happening.
I don't agree with it.
I think the Democrats are playing you to be quite candid.
But I get what happens.
When you're young, I was young once, so was Joe.
You're very idealistic.
You know how it rolls.
But you're also very independent.
I mean, 18, 20-year-olds don't want to be told what to do.
I had a bumper sticker on my car that said, question authority.
I hated being told what to do.
What's interesting about this is people who question authority inherently,
late teens, millennials,
people in their 20s, will instinctively fall in line with a radical far-left liberalism,
which tells them what to do all the time. It takes their money. It takes their health care.
It takes their education away. I mean, it's constantly telling you what to do. And I find
this trade they make fascinating. I brought this up on the NRA TV show last night.
How young liberal kids will
pan corporations. I hate corporations.
Greedy corporations. That they can get away from.
Right? You can get away. You don't like
Apple? Buy a Samsung. You don't
like Exxon Oil? Go buy BP.
They'll destroy
corporations and say,
we need government to take over. So you
can't stand corporations you
can escape from, and you want to trade them for a government you can never escape from.
When the government has power over you, it has power over you everywhere in the United States.
I never got that. So that's the downside of being a liberal as a millennial. The upside,
I believe I understand, is that the Democrats have been so ferocious with the identity politics show
that I think younger idealistic kids and young men and women,
they've fallen into this trap that the Democrats are the protectors of minority groups, LGBT.
They are not.
They are not the protectors of anything.
The Democrats are protectors of one thing, Democrats and votes.
They don't give a damn about minorities, about immigrant votes. They don't give a damn about minorities,
about immigrant communities.
They don't.
I always tell you that story about how Republicans,
they put a bill out there saying,
yeah, we'll give amnesty to these people,
but they can't vote for a little while.
And the Democrats said, no, we don't want it.
Wait, I thought it was about compassion
and getting them in the United States.
Oh no, now it's about votes.
They're a bunch of liars.
So do you see what I'm saying, Joe?
They fall into this trap like, hey, I'm young young i'm idealistic and we're protecting our gay friends
our minority friends are black and especially you're not you're not protecting there's nothing
to protect them against republicans believe in liberty for everyone all the time and ferociously
defending it i think though the far left lurch of the democrat party and this free jobs program and all this up
bernie sanders free jobs for everybody everybody gets a job i think our younger voters are starting
to finally catch on to the scam and i applaud you out there for thinking of this in larger terms
remember that example if you're on a college campus and you're just starting to find conservatism
i'm not telling you republicans are the. I'm just telling you Democrats are definitely not the answer. Remember that example
I just gave you. Trading the power of powerful corporations you can escape from and turning that
power over to government you can never escape from is a Faustian bargain you never ever want to make.
Big, big, big mistake.
All right, folks.
Thanks again for tuning in.
I really appreciate it.
Please check out the debunk this section
of my website, Bongino.com.
Matt's been putting up
some really terrific pieces up there
and he's doing a piece on that nonsense
about the NRA banning guns at their convention,
which is just silly and stupid.
And please subscribe to my email list
at Bongino.com.
I'll send you all these articles.
All right. Thanks a lot. Take care. See you tomorrow.