The David Knight Show - Wed Episode #2122: Trump Bailing Out Argentina, Selling Out American Farmers
Episode Date: October 22, 202500:00:30 – Argentina BailoutKnight blasts Trump’s secret $40 billion deal with Argentina, accusing the administration of bailing out a foreign ally while U.S. farmers face bankruptcy. He calls it ...proof that America-first rhetoric masks globalist financial manipulation. 00:07:43 – Trump vs. American FarmersKnight tears into Trump’s trade chaos — punishing Brazil, rewarding Argentina, and wrecking market stability for U.S. cattlemen. He argues that MAGA loyalty has blinded conservatives to policies destroying rural America. 00:14:17 – Farm Revolt Against TrumpCattle groups and state farm bureaus condemn Trump’s plan to import Argentine beef. Knight highlights growing backlash from agricultural leaders who see the policy as a betrayal of American ranchers and economic sovereignty. 00:42:32 – Bioengineered Meat AllergiesKnight discusses shocking academic proposals to make humans allergic to meat through genetically modified ticks. Condemning it as technocratic insanity and part of the global war on natural food and human biology. 00:51:27 – Globalists’ Food Takeover FailsKnight praises Florida’s ban on lab-grown “tumor meat” and mocks Bill Gates’s failed Beyond Meat empire. He closes with a call for food self-sufficiency, warning that centralized agriculture is the foundation of global control. 01:04:10 – Argentina’s Decline & Javier MileiKnight welcomes The New American publisher Steve Bonta, who draws on his time living in Argentina to describe its cultural Europeanism, intellectual roots, and long fall from prosperity into “a century of socialism.” He profiles President Milei as a libertarian reformer trying to reverse Peronist collectivism but warns that populist cults of personality—whether Perón or Trump—lead nations into tyranny. 01:13:00 – FDR, Trump & the Cult of PowerBonta and Knight connect Juan Perón’s legacy to FDR’s New Deal authoritarianism, arguing that both centralized government control through charisma. Knight warns that Trump has become another “fourth-turning” accelerationist—using chaos to remake America—while setting dangerous precedents that mirror 20th-century strongmen. 01:25:18 – Fiat Money Collapse & Gold ResurgenceBonta explains the Federal Reserve’s unique power to export inflation and weaponize the dollar. Both note that central banks worldwide are hoarding gold, signaling the end of fiat illusions. Knight calls the modern system “the magic-money tree,” while Bonta insists only gold and silver reveal the true decline of Western purchasing power. 01:43:37 – UN Global Tax Agenda & Trump’s ReversalBonta details the UN’s plan for a global shipping tax—its first independent revenue stream toward world government—and credits Trump for blocking it. They trace how globalists use trade blocs to merge economies into political unions, warning the scheme mirrors the EU’s path from “free trade” to supranational control. 01:52:27 – De-Dollarization & End of U.S. DominanceKnight and Bonta close by exposing the Argentina bailout and dollar decay. They link Washington’s currency manipulations to the global flight toward gold and BRICS, predicting hyperinflation and the fall of dollar supremacy. Knight ends by praising The New American for warning decades ago about federalized, militarized policing and the coming authoritarian backlash. 02:15:47 – Global Silver Shortage & India PanicKnight reports that India’s largest silver refinery has run out of supply for the first time ever amid massive Diwali-season buying. He highlights global ripple effects—London vaults empty, traders in chaos, and paper silver diverging from physical metal—framing it as evidence of Western financial decay and manipulation. 02:30:03 – India’s Poisoned Pharma EmpireKnight exposes India’s pharmaceutical industry as a “toxic mirror of Pfizer,” citing deadly cough syrups and widespread fraud. He argues the FDA knowingly enables foreign contamination through deregulation and political protection, making the U.S. complicit in poisoning its own citizens under the guise of global trade efficiency. 02:44:15 – FDA & Indian Corruption MergeExpanding on ProPublica’s findings, Knight details how Indian plants with metal shavings and contaminated drugs still ship to U.S. pharmacies. He claims the FDA’s fear of shortages drives its silence, likening the agency to a captured institution prioritizing profit and geopolitical deals over American safety. 02:56:48 – Trump’s War on Thomas MassieKnight ends the episode with sharp criticism of Trump’s attacks on Congressman Thomas Massie, funded by pro-Israel billionaires like Miriam Adelson. He contrasts Massey’s anti-war, anti-bailout record with Trump’s hypocrisy—supporting Lindsey Graham and globalist donors—branding Trump “the real RINO” and warning conservatives not to worship false America First idols. Follow the show on Kick and watch live every weekday 9:00am EST – 12:00pm EST https://kick.com/davidknightshow Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code KNIGHTFind out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.
Transcript
Discussion (0)
I mean,
In a world,
In a world of deceit.
Telling the truth is a revolutionary act.
It's the David Knight Show.
As the clock strikes 13, it's Wednesday, the 2nd, 22nd of October,
your of our Lord, 2025.
Well, today we're going to take a look at this festering abomination of Argentina first,
and it just keeps building.
And a lot of people are talking, pushing back about this in the Cattlemen's Association.
There's a strange approach to tariffs and to other countries within the Trump administration.
And it is very contradictory.
We're going to take a look at that.
We're going to have a guest in a third hour.
We're going to have the publisher of the New American, the John Burr Society.
And we're going to talk to him about an article he had about the U.N., pushing for
a global tax, of course for the environment.
That's where they were always going to be coming in with that.
We'll also talk about what's going on with gold.
Very interesting times that we live in, isn't it?
We'll be right back. Stay with us.
Yes, it is a strange set of priorities.
We have to give $40 billion to Argentina, not a penny to our farmers, because
Argentina has got an election coming up, and a friend of Trump's is on the ropes with that.
Forget about the fact that we got one out of every three farms in Argentina, in Arkansas.
about to go out of business.
So we have, after the bailout that's put together by our genius Scott of Bessent,
our secretary of the Treasury, the Argentine peso has weakened.
It's not working.
It's not funny.
You know, you kick off these different things.
Kick off wars, you can't stop them.
You kick off inflation.
You can't stop it.
The Argentine peso has fallen below the level that reached before the U.S.
Treasury began purchases early.
this month. And a sign that the Trump administration's financial support is failing to halt the
currency's slide out of a crucial election for Javier Malai. The peso dropped almost 1% early trading on
Monday, touching a fresh record intraday low before pairing its losses. The level is close to the
bottom of the exchange rate that has been adopted in April. The slide has resumed, despite three
purchases of pesos by the U.S. Treasury since October the 9th, which Argentine economists estimate total
roughly $400 million, though neither government has confirmed the figure. We're not allowed to know,
like pretty much everything the government does. This is secret. And of course, the reason I keep
it secret is because they know we don't want what they are doing. And so U.S. support,
led by Scott Besson, the Treasury Secretary, has failed to quote.
demand for dollars from Argentine investors who are hedging against a possibility of a bad result
from a lie at a critical midterm election. Trump needs to be looking at his midterm elections.
He keeps doing this kind of garbage. Absolutely betrayal of America as well as America's farmers.
What kind of logic is it that we must be self-sufficient and self-contained when it comes to
manufacturing widgets, for example, right? We can't even import some of the components that are
going to be used to make the finished products that are made in America. He's putting a squeeze on
domestic manufacturers by shutting off even supplies of lower-level manufactured products, like tin plate
and things like that, let alone the China's retaliation on rare earth minerals, which, of course,
they needed they should have seen that coming right you don't just cut off your nose and say all right
this is it we're just stopping everything right now we're going to go cold turkey off the system
that has been built for decades and we're just going to bootstrap ourselves up from nothing
well that isn't going to work that's obviously going to fail and and now yet when you look at
this shouldn't we be self-sufficient in growing our own food in this country why is he harming the
farmers to such a degree.
And of course, he knew this was going to happen because that was already in a playbook
that happened in his last administration.
Happened to him, and he was slow to do it, but eventually he gave them some money.
For most of them, it wasn't enough to keep them.
It was too little.
It was too late.
Same thing's going to happen again this time.
You have to ask yourself if it isn't a plan, if this guy isn't the Manchurian candidate
for the globalist.
Besson said in TV interview earlier this month that he thought the peso was undervalued.
and he intended to buy low and to sell high.
However, after he's been propping it up, it's now dropped significantly.
And they're expecting that it's going to drop another 15% in two months forward, they said.
So, yeah, he's buying low and selling high, right?
What a genius.
Pay-so no.
No peso.
So the farmers and Americans should have a,
beef with Trump because of what he's doing to the beef industry, as a matter of fact.
Trump's plan to purchase beef from Argentina to lower prices for consumers in the U.S.
And, of course, this is what he said on the plane on Sunday.
It was, he took a little bit further.
He lectured this reporter saying, you don't know anything about what's going on in
Argentina.
I would plead guilty to that because it's not our business.
I don't care what's happening in Argentina.
I don't care what's happening to Javier Malai.
I care what's happening in America.
That should be the concern of the American president.
But instead of saying, you know, she said,
you're putting Argentina in front of the farmers and that type of thing.
So instead of him, you know, even debating that,
what he did was he doubled down on it.
What do you have to say to U.S. farmers who feel that the deal is benefiting Argentina
more than it is them as they are.
Argentina is fighting for its life, young lady.
You don't know anything about it.
They're fighting for their life.
nothing is benefiting Argentina.
They're fighting for their life.
You understand what that means?
They have no money.
They have no anything.
They're fighting so hard to survive.
If I can help them survive in a free world,
I happen to like the president of Argentina.
I think he's trying to do the best he can.
But don't make it sound like they're doing great.
They are dying.
All right?
They're dying.
What do you mean by being?
That's right.
Don't forget about the farmers in Arkansas who are dying.
We don't care about that.
We only care about Israel and Argentina.
and the people who pay this grifting crook behind the scenes.
I'm sure that's what's happening with Argentina as well.
Why is it okay to raise the price of manufactured goods,
and yet we have to lower the price by destroying our domestic industry, right?
Does that make any sense at all?
No.
Trump is from Argentina, wants Argentina to lower prices.
He wants to be from Argentina to lower prices for consumers.
He's not worried about consumer prices when he puts on his tariffs, so he has a tariff tantrum, right?
Oh, we're just going to have some pain, but I've got to stop the cheap imports into Walmart from China.
But he isn't going to say the same thing in terms of some structural changes.
And the Beef Association, cattlemen's industry and others are talking about the kinds of things that need to be done to actually help the cattle industry,
rather than just this arbitrary system of, you know, put tariffs on here, I'm going to then
to raise the prices, and now I'm going to actually, I'm going to punish Brazil.
I'm going to put tariffs on them.
And this isn't for economic reasons.
This is for geopolitical reasons.
He doesn't like the people in Brazil.
So he puts tariffs on their beef, even though the American farmers largely supported him,
and they're very careful when they come out.
They say, well, we love Trump.
We really support Trump.
I think he's great.
Except in this particular instance, what he's doing here is wrong.
They know they're going to get hit by Trump and by the Maga people.
So they're so deferential in the criticism of his policy.
And so we'll put tariffs on Brazil, but we will give money to Argentina,
and we will bring in their products to compete against the American farmer
and to drive the prices down for the struggling cattlemen.
It makes no sense at all.
And, you know, when I look at this, think about the Chicago.
Border Trade, for example. You know, you have the New York Stock Exchange, but the Chicago Border
Trade was set up to trade futures and agricultural products, right? And so you can buy pork
bellies, you can buy soy, corn, all these other things in the futures market. What is the
purpose of the Chicago Border Trade? Well, so is a very important purpose. What it does is
it fixes the price for farmers on a particular commodity. They need to have that stability. They
need to have that transparency. They need to know this is what my cost is going to be when I sell it
in two or three months. What Trump is doing, and this is what you hear over and over again from the
cattlemen people, they say that, you know, we can't survive in an environment where the prices
are constantly fluctuating because of your trade policies, because the subsidies or because you're
going to bring this thing in. And so he is single-handedly basically destroying what the
entire Chicago border trade was set up to do.
And he's not just doing it for agricultural products.
He's doing it for all manufacturing in the United States.
Nobody has a stable, predictable price that they can factor into their business to know
if they can stay in business.
And that's why he's putting them out of business.
Only the big guys are going to survive this kind of chaos and confusion.
So Merriweather Farms, a beef producer based in Wyoming, said, it supports and it loves Trump.
We're going to always start with that.
We must always support and love this New York City Democrat socialist central planner.
If you're going to be a central planner, at least have a brain, right?
This is the worst of everything.
We've got a guy who is sitting there with no idea of what he's doing.
He's run a half dozen casinos into the ground into bankruptcy.
And now he wants to micromanage every aspect of our economy.
And he knows nothing about what he's doing at all.
so they describe the people who say well first of all we love and support you mr trump but they said
that this is an absolute betrayal to the american cattle rancher the continued manipulation betrayal
by the by the very people who claim to support them cattle ranchers needs to end immediately
i just say let's just get over this trump derangement stuff you know he he is what he does
by his fruit you'll know him and if he deserves
criticism let's not be afraid to criticize him and of course you know because we love you personally
this is the thing this is what inoculates him the left has come after him because they can't
stay in him personally and i understand i never liked him personally either however the issue
is the issue the issue is what he's actually doing and whenever you criticize what the guy
is actually doing uh the maga people will defend him they defend him in the
their own mind and they will defend him to you and say you just have trump derangement it's like
no pal you're the one who's deranged you're the one who's delusional we can't see what he's doing
we love trump however he has absolutely betrayed us yes that's right it's an absolute betrayal of the
guy that we love so much i guess that's what his wives said isn't it um well we love him he just
we need to have a divorce mental cruel
I think is a, what is it, irreconcilable differences.
I have irreconcilable differences with Trump.
And I think everybody is suffering from his mental cruelty and brutality, including
other nations who are out there.
Trump is acutely aware of voters' concerns about inflation, a key issue that helped
to deliver him the White House in 2024, and one that could hurt him in next year's
election.
This is a Newsweek story.
Trump said Sunday that his administration would import beef.
from Argentina to help tackle persistently high prices as the supply is throttled by drought
by a flesh-eating pest.
We're not talking about Trump.
And other issues affecting cattle.
We would buy some beef from Argentina, he said, on Air Force One.
If we do that, we'll bring our beef prices down.
Well, the price of beef alongside everyday essentials, has soared this year, largely because
screw worm outbreaks have weakened already diminished cattle herds.
They should name the screw worm Trump.
That's basically a good description of the way he operates, I think.
Data from the Department of Labor says that the Beef and Veal Index rose 13.9% in the 12 months to August.
So it's gone up about 14%.
Uncooked beef steaks are up 16.6%.
Experts believe beef prices will remain.
elevated for the foreseeable future given the lengthy process of replenishing herds and because of
high tariffs on key exporting nations such as brazil so again you're going to uh you're worried
about the price of beef you know part of it is because you put a tariff tax on brazil and now you're
going to subsidize argentina and you're going to drive the domestic cattlemen out of business in the
so again central planning by an idiot the worst of everything this is a stable genius and his
sidekick peter navarro the democrat from california who couldn't even win as a democrat so
they are the ones who are going to destroy american farms so maryweather farms sounded the alarm on
the plan or the message directed at the president we love and support you but your
suggestion to buy beef from
Argentina to stabilize beef prices
would be an absolute betrayal
to the American cattle rancher.
It admired Trump's
quote, concern for all Americans,
and it said that beef producers would
suffer if the plan moves forward.
Well, again, if he's saying, well,
the concern
is that the,
you know, we've got to look at what's
best for all Americans. You know, prices are going up.
So we're going to have to
ease the restriction.
on foreign beef.
Why does he say that about anything else?
He says that about nothing else.
Because the reality is,
is that we don't really have
American manufacturing left anymore.
We can still grow our own food for now,
except he's rapidly killing off
the small and medium-sized farms.
But he's not going to bring back
American manufacturing.
Let me tell you something.
Those manufacturing jobs are gone.
When they come back,
they will come back in the form of automated factories
and of government subsidies to billionaires who own those factories and don't hire any workers.
And he will brag about how he's bringing manufacturing back onshore.
That'll happen whether it's Trump or whether it's somebody else.
That's been in the cards for a long time.
One of the reasons that manufacturing went offshore was because of slave labor.
And that's what robots are.
That was the check word for slave was robot.
And so it's only going to be robots that are going to be taking your jobs if they come back.
at all. But we need to be able to grow our own food. And we need to have small businesses and we need to have
small farmers and medium-sized farmers. And that's what they don't want there to be. They want
there to be a concentration of power and wealth and control in Washington. And so they accused
Washington of facilitating the squeezing of our own ranchers for decades while allowing these entities
to flood the market with cheaper, lower-quality imports. As a matter of fact,
This is from the president of the Nebraska Farm Bureau, put this out on social media.
Hello, ag friends.
Hopefully your fall is going well.
You know, some days you feel like you just can't catch a break in agriculture,
but the cattle sector is one of the real bright spots here in the industry
and certainly in Nebraska where we have a lot of mama cows.
But unfortunately, we have administration that thinks that they need to lower the price of beef.
President Trump on Friday actually made a statement that said we should lower the price of a beef
and ultimately that's lowering the price of cattle.
That's not something we need to do.
I just want our members to know that Nebraska Farm Bureau is adamantly opposed to anything
that would artificially lower the price of beef.
We have worked hard to get our cattle market where it is.
It's a supply and demand issue right now.
But quite frankly, we need this bright spot here in Nebraska.
So I have communicated with all of our federal delegation
and let them know that we are opposed to any move
that would artificially lower the price of beef cattle.
They have worked that up to the leadership already today.
And so stay tuned as we kind of follow this story.
Hopefully we can get this tamp down.
But I just want to make sure that you know
that I'm doing everything that I can
as your president of Nebraska Farm Bureau
to ensure that our beef sector.
So the bottom line is that, you know, this is not about helping the American consumer even.
This is about helping his political friend.
And that's all it is.
It's all just politics.
He doesn't care about America.
He doesn't care about Americans.
He told American businesses that they were non-essential in 2020 when he locked them down and put
him out of business.
Well, Christopher Gibbs, who's a farmer, he's involved with the Democrat Party in Ohio, but he's also a farmer.
He said, I guess when you get tired of Ben,
ending over soybean growers, you can move on to the cattle ranchers because that's what he's doing.
And it's not just those two sectors.
It's all these different agricultural sectors.
Those are the two that are hurting most immediately.
Another one, another person who's with capital management, Tolu capital management said,
our own farmers go bankrupt and lose everything.
Yet Argentina gets another bailout.
Are we up to 50 billion to Malai yet?
Well, no, I think it's still at 40.
Somehow, buying beef from Argentina, instead of from struggling U.S. farmers, is America
first.
So the executive director of Campaign for New York Health.
So Americans are getting decimated, says Marjorie Taylor Green, with a high cost
of living and skyrocketing insurance costs.
Many of them have zero savings, and some are taking out credit cards to survive,
their maxing amount, should say.
So tell me how it is America first to bail out a foreign country with $20 billion or $40 billion of taxpayer dollars, said Marjorie Taylor Green.
Well, it's who you know.
And it's what's in it for Trump.
This isn't just because they're pals.
I'm telling you, the Javier Malai administration is reeking with one corruption scandal after the other, as is Netanyahu's administration.
These are the kind of people that Trump likes to keep around.
him for friends because he knows that these corrupt politicians will give a corrupt politician
like him some cash as well. And I'm sure that there's going to be a deal that's going to be
there. It'll be there if not for Trump, for some of his kids, or for Jared Kushner.
As Argentina faces financial turmoil ahead of midterm elections on October 26th, the
country's voters can voice their support or opposition to analyze cost-cutting free market
reform agenda. Justin Tupper, president of the U.S. Cattlemen's Association, put out a press release
and said, when policymakers hint at intervention or suggest quick fixes, they can shake the
market's foundation and directly impact the livelihoods of ranchers who depend on stable, transparent
pricing. This is what I was talking about. You know, what Trump is doing to our economy is creating
total chaos. And when he creates total chaos, he's going to put a lot of people out of business.
Everybody, except for the really big guys who operate on the New York Stock Exchange and get their
capital there, they can operate at a loss for a very long time. Nobody else can. The real people
who are operating in a real free market who have to provide a service at a reasonable price are
going to be put out of business by Trump's chaos. As this guy said, you've got to be able to
depend on stable and transparent prices.
You've got to know what the price is going to be, and it's got to be stable.
Everything that Trump is doing with his tariffs and with his international economics and
geopolitics mitigates against that.
Like I said, it's like he has single-handedly destroyed the entire Chicago border trade.
So sudden price moves, make it harder for independent producers to plan, to invest, and to keep
their operations running.
So he said, if you look now, although I must tell you, if you look now, South America is turning,
said Trump, those South American countries are starting to turn very much toward us.
They're getting away from socialism, and you can go right down the pack, but they're starting
to turn to us.
It's pretty amazing.
Well, he's turning them, but he's turning them away from us.
Just look at what is happening across Central America as he is bullying.
Brazil because he doesn't like their politics. He is bombing boats off the coast of Venezuela.
He is threatening other countries with invasion as well. He's threatening Colombia. He's going
through, he's alienating all of South America. This is not just gunboat diplomacy. This is
guns blowing up boats diplomacy. He's not just carrying a big stick and walking softly. He's
screaming at these people and hitting them with a stick. This is a gun,
is not a wise foreign policy and it's not turning people to us going back to maryweather farms again
why is it that members of congress cabinet secretaries and other senior government officials
continue to call farmers and ranchers the backbone of the country while simultaneously screwing
them with disastrous policy decisions so i say they should call the uh the parasite that's
affecting the cattle the screw worm he's called the trump worm
Anyway, do they even believe what they're saying?
Or do they think that we're stupid?
I think they don't believe what they're saying,
and I think they think you're stupid both of those things.
That's why I played that old clip from Michael Keaton that he was saying before
the election he said he could shoot somebody on Fifth Avenue and you'd still vote for him.
He says that because he thinks that you're stupid.
He thinks that you're so tied into his personality that you don't care
what he does and he sold you this illusion of making America greater well you're going to wind up
homeless on the street betrayal ranchers are furious as trump plans to spend u.s taxes to buy
argentinian beef and so these are some more ranchers who have spoken out this is from raw story
trump made the suggestion to reporters in air force one on sunday according to the ap
a few days earlier he had said that a deal to cut the price of beef was going to be
coming down pretty soon. U.S. ranchers and industry groups responding critically to Trump's
proposal that the U.S. would buy some beef from Argentina in a bid to bring our beef prices down
while pursuing an up to $40 billion bailout for the South American country.
Again, if we look at the price of eggs, for example, right, what was the solution of the Trump
administration? They weren't going to have the U.S. Day stop killing birds. They're going to bring
in eggs from other countries.
well how does that make any sense and it was absolutely unnecessary they had this idiotic policy that
if they use their PCR procedures not even a legitimate test if they used that and found one
positive they would kill all the birds that are given location millions of them would be killed
because they got one positive result from their PCR procedure if only kerry mullin mulls were around
to explain that to them.
I guess we'll have to try to explain it to them ourselves.
That's what's really going on.
But it was a problem that was entirely created by the U.S. Department of Agriculture.
And Brooke Rollins, the Trump appointee, and all the rest of them,
were not going to relent from the Biden policy.
Instead, the only out was,
we're not going to stop killing all your chickens
until you vaccinate all your chickens with mRNA vaccines.
And that's what they did.
And so they create the problems, and then their solutions are yet another problem.
In many cases, an even worse problem.
So, I said an Illinois cattle producer and senior director programs at the organization
called Farm Action said Trump's plan to buy beef from Argentina is a betrayal of the American rancher.
Those of us who raised cattle have finally started to see what profits look like after facing years of high input
costs and market manipulation in the meat packing monopoly. After crashing the soybean market
and gifting Argentina, our largest export buyer, he's now poised to do the same in the cattle
market. In other words, their largest export buyer was China. And he handed China to Argentina
on a silver platter, along with $20 billion. Importing Argentinian beef would send
U.S. cattle prices plummeting. And with a meat packing industry,
industry as consolidated as it is, consumers may not see lower beef prices.
The Washington should be focused on fixing our broken cattle market and not rewarding foreign
competitors.
And here's the problem.
You know, he talks about a consolidation of the beef industry.
A lot of that is driven by the FDA.
They will, in the U.S. Department of Agriculture, I'm sorry, there's the USDA that has the
oversight of this stuff.
Remember the fight up there in Pennsylvania with the Amish farmer who wanted to.
grow grass-fed beef and slaughter it on his ranch and how the establishment, in his case,
it was a state of Pennsylvania that came after him, but also the U.S. Department of Agriculture.
They insisted that all the cattle had to be slaughtered at these centrally controlled locations.
He had Thomas Massey and others put together bills to try to make sure that we could grow and
process our own food, that we don't have to use these.
centrally controlled monopolistic organization.
So that's a big part of the monopoly that he's talking about here.
And again, that is a government mandate.
So there are things like that that Washington, the Republicans that Trump could do
if they were serious about doing this.
But everything that they do is about creating more centralization, more control of everything,
and more monopolies.
With these actions, Trump risks acting like the president of Argentina,
rather than the president of the United States, he said.
And that is absolutely true.
As Lance said yesterday, the cattlemen need to write a letter to the Nobel Peace Prize
Committee and give a framed presentation of it to Trump as Javier Malay did.
Maybe then they could get some attention from him.
Everything is about flattering this narcissist.
It's just amazing.
Farm Actions proposed fix for the U.S. is to tackle the structurally flawed system.
He said, well, three steps, reinstate mandatory country of origin labeling for beef and pork,
restore competitive markets by enforcing antitrust laws, and rebuild the U.S. cow herd to achieve national self-reliance and beef production.
Well, rebuilding the cowherd is not something the federal government has the authority to do or could even practically do.
And they could put labeling on there.
I'm all for labeling so that you know where your food is coming from.
We're going to talk about what's going on with a farm.
pharmaceutical industry and what's happening with India. It's amazing how India has exploded in terms of
generics and other things like that and how bad their quality control is. They're literally
poisoning people. And it's not by design like Pfizer modernity. This is just a cut cost. This is a
good old fashioned accident. That's right. This is just out of, you know, cutting corners and not caring
enough to check your product. Paisiness, stupidity, all the classic reasons. Yeah.
Unlike Pfizer-Moderna, who do it on orders from DARPA and the U.S. government.
So, anyway, the group was far from alone in criticizing Trump's weekend remarks and offering alternative solutions.
You had the CEO of R. CAF, USA, the nation's largest cattle organization, said,
we appreciate Trump's interest in addressing U.S. beef market, which has been producing all-time record high consumer beef prices.
the guy who's the CEO of that, his name is actually Bill Bullard.
With the name like Bullard, you've got to be president.
He was born for this.
Anyway, we urge the president to address the fundamental problems in the beef market and not just its symptoms.
And see, this is what the government will always do.
They'll address the symptoms and they will do things that will add another problem rather than fixing the fundamental problems.
He said the symptom is that the U.S. has shrunk.
gets beef cow herd to such a low level that it can no longer produce enough beef to satisfy
domestic demand.
But the fundamental problem is that decades of failed trade policies have allowed cheap
undifferentiated imports to displace the domestic cow herd, driving hundreds of thousands of
cattle farmers and ranchers, millions of domestic beef cow out of the domestic beef supply chain.
So we'd think that Trump, who's all about making everything here, and it would support
the domestic food industry. No, it's never been about what he says it's about. The National
Cattlemen's Beef Association, CEO, said that their family farmers and ranchers have numerous
concerns with importing more Argentinian beef to lower the price for consumers. This plan only
creates chaos at a critical time of the year for American cattle producers while doing nothing
to lower grocery store prices. Again, when we look, it's kind of like when the Fed goes
in and they said, well, interest rates are so high. So we're going to lower the interest rates.
Well, it doesn't help the people who have credit card debt. And it doesn't help the people who
are trying to buy a home because the market is setting the price of the home loan things. And
people don't want to commit to a 30-year loan when they think that the lowering of the
interest rates by the Federal Reserve is going to increase inflation and they're going to be
paid back with less valuable money.
And, of course, the credit card people, they don't care about the market.
I mean, it's just usury, criminal usury.
But it's chaos.
It said, this policy is creating chaos at a critical time for the farmers who need
to know what the price of their product is going to be when it comes to market.
But Trump is capped in chaos with everything.
And he went on to say the National Cattleman's Beef Association's CEO.
So additionally, Argentina,
has a deeply unbalanced trade relationship with the U.S.
In the past five years, Argentina has sold more than $800 million of beef in the U.S. market.
By comparison, the U.S. has sold just over $7 million worth of American beef into Argentina.
Well, normally, I would say, you know, who cares about that?
That isn't the real issue that is there.
You're not going to have a parity on every single thing or a trade surplus on every.
single issue. But see, that is the basis on which all of Trump's tariff chaos is based.
You know, we can't be buying more of this product than you buy of that product from us.
And so, again, when you look at this by his own logic, it is bad. But he says Argentina also
has a history of foot and mouth disease, which if brought to the U.S. could decimate
our domestic livestock production.
Justin Tupper, president of the U.S. Cattlemen's Association, highlighted the rising cost that ranchers are enduring.
He said the cost of producing beef today is accurately represented in the consumer markets where it is sold.
Ranchers are facing historic highs for feed, for fuel, for labor, and for land.
And those costs have risen far faster than the price of beef on the grocery store shelves.
When policymakers hint at intervention or suggest quick fixes, they can shake the market's foundation
and directly impact the livelihoods of ranchers who depend on stable, transparent pricing.
Sudden price moves make it harder for independent producers to plan, invest, and keep their operations running.
And again, this is true of everybody that is making anything in the United States.
Everybody that is manufacturing or that is growing food, they are all being hurt by Trump's whimsical, capricious, arbitrary changes of prices with everything.
The man is just a paragon of chaos.
Market-driven prices, not mandates or panic interventions, have delivered value for generations.
Let's focus on transparency, on market integrity, and maintaining the conditions,
for sustainable rural economies.
He wants to destroy the rural areas.
How do you get people packed into his smart cities
into the UN,
into his freedom cities,
what the UN calls the smart cities,
15-minute cities?
Well, you've got to make it impossible for them to live outside.
So you've got to collapse these rural communities as well
and their economies.
That's a big part of what is happening with this.
You know, everybody could see it happening
who's done in such a ham-fist, obvious way.
In the Netherlands, when Mark Ruta did it, you know, he's actually banning fertilizer coming in.
The Netherlands farmers have looked at that video that Trump did over the weekend and say,
can we have some of that?
Can you give us?
We'll show you how it's done.
Can you give us a BS bomb?
That's what our president does.
He's constantly dropping BS on everybody.
Anyway, it was such a self-armon thing.
You know, he puts a crown on and he drops the BS on everybody.
That's the Trump administration in a nutshell.
in that video that he put out there.
Anyway, the administrator, in addition to beef,
shoppers are facing higher prices for staples such as coffee and eggs.
And again, eggs 100% the problem of the federal government,
with both Biden and the Trump administration.
Trump administration is, we'll solve your problem.
We'll stop killing the chickens if you give them all MRA vaccines.
It's always a good time to get your own chickens if you can afford it,
if you've got the room.
Yeah.
Chickens are a great way to stay fed when things are shaky.
And then you know what they are eating because you're the one feeding it to them.
So the Democrat National Committee, of course, is critical of this.
This is a low-hanging fruit for everybody in terms of criticizing Trump because he is so utterly wrong on all this, no pun intended.
It's just such an obvious wrong step.
You know, let's assume you don't care about getting yourself.
involved in the markets. Let's assume that, you know, you think it's okay for the government
to meddle to this extent. American beef producers are already hurting. This is not the way you go about
helping them. If you care at all about the American market, whether or not Javier Malai is your friend,
you say, I have to prioritize my own people, I have to do what's right for them, cannot help you with this.
This is going to tank the American beef industry. And again, if you're going to sell the idea
that we need to be self-sufficient as a country wouldn't that be food why are you killing all the
farmers and ranchers yeah the whole we've got to bring all the manufacturing in while deporting
all of our food production you wouldn't hear him saying uh or at least he hasn't yet oh you don't
understand the chinese are really struggling we've got to have uh manufacturing from china because
these chinese uh are just so poor i would imagine china most of it anyway is even poor
than Argentina.
Yeah, well, he doesn't care about anything other than his geopolitics.
And as geopolitics, he wants to be allied with Javier Malai.
And he is opposed to Brazil.
He's opposed to China.
And so that informs it.
It's not what's good for the American people.
It's what his agenda is, which doesn't align with that.
Trump has done more in the past month to help Argentina than he has to help the American
people who are struggling to afford everything from rent to groceries.
That was a statement from the Democrats, and unfortunately, they're right.
Because of Trump, farmers are on the brink of bankruptcy, and the government has been shut down for almost a month.
They go on.
You would think that the so-called America First President would be focused on reopening the government and saving millions of Americans from skyrocketing health care premiums.
This is the Democrats talking.
But Trump is showing his true colors.
He only cares about helping himself and his friends, even at the expense.
of the American people.
Well, again, you know, whether or not you agree with the Democrats wanting to spend more
to lower health care premiums, you know, the government should not be involved in health
care, and the government should not be involved in cattle production, and the government
should not be dictating which industries succeed and which ones fail, and which nations we
are going to subsidize, and which ones we're going to try to have a war with, because that's
what sanctions are. It's a prelude to war. If he wants a war with China, he sanctions them
over and over again, puts 100% sanctions on them. But everything is for Israel and for
Argentina. And we get bombs for Venezuela. We get bankruptcy for American farmers. That's the
way this whole thing is operating. Well, DeSantis in Florida, Governor DeSantis,
has slammed a proposal to engineer meat allergies and humans to save
planet. This is the other thing. They don't want us having any meat. They don't want us to have
cattle at all. And so you've got some so-called bioethesis that are out there. And again,
I think his name was Peter Singer or something who was talking about will not be ethical
to kill a child up to two years old, right? And according to his twisted calculations,
well, yes, because how do we determine personhood? I think it's when somebody can read my books
or something right and only then do you become a person to him i think we cut it off when you start
agreeing that you can kill children so i think if you agree you can kill children you're not a person
and therefore you don't make the criteria that's right yeah that's what all boils down to is
your person if you agree with me if not then i can kill you that's right well uh they won't have to
worry about this if trump can make the ranchers fail they won't have to worry about how they can
engineer meat allergies. And so last week, DeSantis went back and pulled up some old videos.
This went back to 2016. I'm not going to play it. I've played it before. A professor of bioethics
talking about how they could, there's a particular tick that if you get bit by it, it's kind of like, you
know, remember they created Lyme disease at Plum Island. And so it's another one of these types of
things. You know, the government creates some kind of a weapon, bio weapon, and they can spread it
with a tick and this one come from the same area as uh lyme disease that might have yeah
uh this is the lone star tick and he says so you know uh if you get bit by that you become
allergic to meat so something we could do through human engineering and i think we should he said
uh and again this is um a new comment that was brought out uh but again there's uh they've been
talking about this for over decade um and uh
One person said, although DeSantis is slow to the game, at least he's noticing what's going on.
This guy's been talking about making people allergic to meat for a decade going back to a TED talk 12 years ago in 2013.
Remember that?
I do.
Leow said, just as some people are naturally intolerant to milk or to crayfish, like myself,
we could artificially introduce mild intolerance to meat by stimulating our immune system against common bovine.
proteins. One person said, Sarah G, said, this isn't dietary advice. It is social engineering.
An unelected global cabal have no business dictating what free people eat, especially when
they're demonizing traditional foods that have sustained human health for millennia.
So DeSantis said the notion that cattle are destroying the planet has and always has been
ridiculous. So a real regenerative farming.
said Kendall McIntosh, a board-certified nutritionist,
said, real regenerative farming supports independent and local economies,
centralizing food systems through synthetic or lab-grown products,
benefits corporations, not families, and not people.
Sayer G. said, he said such proposals are indicative of the merger of biotechnology and behavioral control.
The war on meat has never been about climate.
It's been about control, about consolidating food production under centralized, patented, technology-dependent systems.
Meat represents everything the global technocracy fear.
Decentralized production, nutritional independence, and cultural traditions that resist standardization.
When people can raise their own food, they're harder to control.
And the world economic form in the UN understand this perfectly.
this is why we must be we must get the government's boot off of the throat of the farmers who can raise and slaughter their own cattle a paper published earlier this month so even though this has been this other thing's been around for over decade we just had a new paper that was published and in the journal of bioethics and they said again talking about the sloan start tick to spread what is called alpha gal syndrome
um that's my alpha gal we have alpha males and now we got alpha gals they don't want you eating meat
eat soy uh in the paper western michigan university bioethics professors argued that if eating meat
is morally impermissible well it's not they start with a false premise but i say well then
the efforts to prevent the spread of tick-borne aGS is also morally impermissible so we have to
not try to stop this tick
because it is morally
impermissible for you to have meat.
So, according to the CDC,
when it bites, the lone star tick transmits
the alpha-gal sugar molecule
in the bloodstream leading to a red meat
allergy. Consuming red meat
after being infected could result in
life-threatening anaphylaxis.
Well, remember the anaphylaxis
that they were causing with people
with the pegalated particles that they injected in people with the Trump shots.
Remember, they contacted Children's Health Defense, contacted the FDA, and said,
you're going to send people into anaphylactic shock with this stuff.
There's a lot of people allergic to this, and you're going to inject it into them.
I said, we don't care.
Contact Pfizer.
Pfizer didn't care either.
The paper's authors present what they call the convergence argument, that if a specific action,
prevents the world from becoming a significantly worse place.
Again, this, they begin with a false premise.
But if this action prevents the world from becoming a significantly worse place,
if it doesn't violate anybody's rights, and yet it does,
and if it promotes virtuous actions or character,
which it doesn't, it doesn't do any of those things.
So the eating beef is not making the world a worse place.
giving people allergies violates their rights everything about this is wrong how in the world
do we pull back from these um these obnoxious universities uh when i'm often reminded of
john knox's essay the um the um what was that i'm reminded of but i can't remember the title
the monstrous that was it the monstrous regiment of women and uh that's
But we have a monstrous regiment of women, and they're putting out alpha gal to keep us from eating meat.
What he was talking about was the fact that the monstrous rule of women, and he was talking specifically about the fact that we had Queen Mary and Queen Elizabeth at his time.
And he was saying that it was monstrous that we'd be ruled by women like them and women in general.
And so we can kind of see where this is all headed.
I'm sorry, if I was in control of things, if you would put out this talk in 2013, we would have renditioned you to Abu Ghraib.
Just like, no, I don't think you get to discuss whether it's ethical to tamper with the genetics of the planet and decide you don't get to.
Create allergies and people.
No, I don't think so.
Yeah, create allergies and people.
How could that be ethical in any way to perform?
Let's have that discussion.
Let's not.
There comes a point where it's just like, we're not going to entertain these discussions of, is it ethical?
Is it be quiet?
Yeah, I'm going to be the one who decides what you can and cannot eat.
And then I'm going to make you sick to make sure that you can't eat what I don't you eat.
We need to have these conversations.
No, there comes a point where there is no benefit to discussing these ridiculous absurdities with them.
They have reached a point of insanity and debating this with them is completely pointless.
You are not going to reach someone that has gone over to the point of, well, if they're eating meat, we're going to have to poison them with ticks and make them allergic to it.
Someone that believes that is insane.
You cannot reach them with logic or facts.
They are gone.
They are thinking about bio-weapons delivered by ticks.
These people aren't waiting for DeSantis to say, okay, now you can do it.
They're just doing it.
There's a lot of suspicion around both Lyme disease and this Lone Star tick thing about it being genetically created in a lab.
Well, and of course, if you look at their logic,
they would use that same logic to say that you can be surreptitiously given an
MRA vaccine without your knowledge or consent because it's good for public health so you need
to take it and if you don't volunteer for this we'll just do it to you without your consent
also they literally said that yes yes they have also look at what happened with
africanized honeybees those were allegedly accidentally let out into the
while it was an experiment and someone just left one of the doors open and a queen escaped and
now they're making their way further north and further north every single year it's just this type
of thing these scientists continually engage in these sorts of experiments of well wouldn't it be
good for society if we did this and then oh it accidentally got out yeah isn't that isn't that
funny well we've seen a lot of these types of things i mean going back to fDR um they thought that
part of the answer to agricultural soil loss was going to be to bring in kudzu you know and we know
how that turned out it's a perfect metaphor for government intervention isn't it anyway calling it a
thought experiment doesn't make it any less disturbing the idea that because they said well we're not
saying that you should do it we're just using this as playing around with the ethics of this
the idea that inducing an allergy or harming human health could somehow serve a moral purpose
shows just how detached academia has become from basic human ethics.
The fact that this is even published tells you how normalized these anti-human anti-food narratives are becoming under the guise of ethics.
And so last year, DeSanta signed legislation to prohibit the sale of lab-grown meat in Florida.
And Florida, instead, is fighting back against the global elites plan to force the world to eat meat grown in a petri dish,
or bugs to achieve their authoritarian goals, he said at the time.
Many lab-grown meat companies are using immortalized cell lines.
These are cells that are capable of continuously dividing and growing in a manner
that is disturbingly similar to cancer cells.
That's why I call it tumor meat.
They get a tumor T-bone.
Similar concerns about human consumption of insects.
The exoskeletons of many insects contain,
chitin, a natural material that can trigger an allergic reaction in humans.
It suggests that humans cannot digest it, while other studies suggest that humans don't digest
it well.
But, you know, I remember Tucker Carlson had a chef come on when he was working for Fox News
and did a segment talking about how delicious his bug food was.
Now Tucker is supposed to be on our side.
Sauteed crickets, delicious.
How did he see the light?
And why doesn't he go back and undo these things?
Nevertheless, in 2019, the World Economic Forum published an article saying that humans will be eating replacement meats within 20 years.
And so 2019, this is interesting.
You know, as I mentioned the other day, especially somebody mentioned on here with a comment, that Beyond Meat is really taking it on the chin.
You don't realize just how badly they are.
Here's the thing. He wrote in 2019, he invested in Beyond Meat. And then he wrote in his 2021 book, How to Avoid Climate Disaster, the solutions that we have and the breakthroughs that we need. So he said, we have to change human behavior. We've got to switch to synthetic meat. And he said, wealthy countries should switch to 100% synthetic beef. So he had invested in Beyond Meat. And then he invested.
in creating this narrative.
The problem is, is that Beyond Meat's stock price had an all-time high of $240,
and now their stock is worth less than $1.
That's fantastic news, I think.
So he's less wealthy after this Beyond Meat,
and that's something that perhaps gets his attention.
Only money, I guess, gets Bill Gates' attention.
Well, let's take a look at some of our comments here.
Travis. That's right. North American House Hippo. Thank you very much. Thank you.
Says, good morning, David Travis. David Travis, friends here in a normal chat. It's another
beautiful day. Every day above ground is a great day. Mind you, I once worked in a subway. So what do I
know? Blessings to all. That's right. Yeah, the weather is really turning nice here. It's getting
really pretty. The fall. My wife and I will be taking a trip back down to Texas for a bit here
soon. So I like driving during the cooler months. You get to see the
trees changing colors all over the place and then once you get to Texas there are no more trees so
and there's not as much heat this time of year yeah a little bit less it's calm down from the
hundreds into the you know 80s and 90s North American house hippo as if 20 billion for
Argentina wasn't enough let's throw in another 20 yeah a billion here a billion there so you're
talking about real money and as I mentioned yesterday they said well you know we haven't done the 20
billion yet you know we've done the currency swaps because I can do that here and I'm also that
second 20 billion he's putting that together with private businesses and he said you know he said
well he can't do the other stuff because the government is shut down well you know he could put together
private help for the farmers if he wanted to but he doesn't want to yeah real jason barker good
to see you jason of course jason is part of nights of the storm and you can find their website nats
of the storm.com, where they have a schedule up for all of the shows. Their show, our show,
Tony's show, guard show, go check out Nights of thestorm.com. And many other shows, too.
Yes. It's a great resource. Real Jason Barker. Control demolition of the West is what we are
seeing, including our financial systems. To build back, you have to first burn it down.
Niburu, 2029, M RNA injected beef from Argentina. Doesn't it sound wonderful? We can import our
poisons from across the globe.
North American House Hippo.
When do maggots admit this is not what I voted for?
Jason Barker, responding to Nibrew, says,
and it won't be declared.
Same with Aldi brand food.
Their packaging company and don't list the GMO.
I did not know that about Aldi.
That's good to know.
The real octo spute government slaughtered a lot of cattle and ranchers have never recovered.
MRA, R&A, high BLM leases, and of course that's Bureau of Land Management, leases to run
cattle on and new rules regs and controls are a real problem yeah north american house hippo got
a love croger beef product of USA Canada and Mexico you know one of these three take your
pick naphtha beef yeah heard a giant sucking sound USMCA right real jason barker alde brand food
is packaged and labeled at illinois and they don't put the GMO notification on it we don't
know. It just comes to us and we
slap the label on it. It was on them.
Pizono Vante 1776.
There are two types of TDS,
Trump derangement syndrome, where people
reflexively hate Trump and TDS,
Trump delusion syndrome, whereas supporters think he can
do no wrong and any criticism of him
is thought to be from the left.
That's right. Yeah.
Star Barclay. Trump did things
like this during his lockdown. A representative
of Florida was pointing out oranges from China
were flooding the market in Georgia and Florida.
And I guarantee you those oranges from
China were covered in the worst pesticides they can get their hands on the real
octo spook it isn't just beef it is all meats vegetables eggs milk etc yes yeah yeah we
can see how they were sniff around with bird flu how they're sniff around
dairy and milk yeah they are anytime you try to open up a dairy they make it
impossible if you want to sell actual raw milk they will bring it they'll come
down on you like a bolt from Zeus if you step
out of line. They do not like that. It must mean that raw milk is the cure to everything that is
wrong with us, with how much they hate it. Star Barkley, Trump did think, read that one. The real
octo spook, it isn't just beef, it is all meats, read that one as well. Real Jason Barker,
my family does a beef sharing thing with a rancher in Iowa. I need to get in on that. I have to
drive about six hours, but I can get a year's supply of clean beef. That's the way to go. If you
have a deep freezer, if you have the room for it, I'll put in a plug for Brian Schell
hobby as well. He's got some specials on where he's doing that with chicken and he's doing it
with beef. Now, you got to buy like $2,000 at a time. Yeah. But you get a tremendous amount. And it's all
grass fed, non-GMO, all the rest of that stuff. So if you go to, see, what's his website?
Health Impact News.com, yeah. I always go to vaccine impact news.com. Anyway, if you go there,
you can see where that is. And he's put a lot of that stuff together. He's, he's, he's
very careful about the sources of food that he's got there. Now, you're going to pay a little bit more for
it, but it's cheaper than going to the hospital. Yeah. And we are not sponsored by them.
Yeah, that's, not sponsored by. I'm not getting any back. You know, if you want to fill up a
freezer with some stuff, he's got really good quality stuff if you can afford it. Yeah. And of course,
it's a large expense all at once, but, you know, cost effective in the long run.
Niburu, 2029. Importing B from Argentina gives Trump's feral government ever more centralized
control on food.
Guard Goldsmith says,
The Prob with the Ranchers
Trade Group is that they never want
just a free market.
They have lobbied for protection
every few years, so the system is
fascistic, especially for big agra
and big ranchers.
Everyone has their own
sacred cow that
they want to protect.
Cattlemen have their sacred cows
is all right?
No, we need protection.
Real Jason Barker.
First, it was food processing, plants
burning down randomly. Then we had the chicken culling. Now the beef. They are waging war on our food
because of climate change. Yes. Yeah. Well, they're using climate change as an excuse, but
or they're using other issues as an excuse as well. Yeah. Pessonovante 1776 says,
where's the beef? Evidently, it's in Argentina. And we can't get it here, yeah.
Real Jason Barker says, let's print money to buy offshore beef so that it will still be expensive
that when inflation kicks in due to the printing of money.
Yeah.
Well, let's take a quick break here because we do have our guest ready.
And I want to talk to him about several issues.
Maybe we can talk a little bit about this.
But he also wants to talk about constitutional money.
And he's a publisher of the New American,
which is put out by the John Birch Society or associated with John Birch Society.
And I also want to ask him because, you know, John Burst Society was way ahead of the game
when it came to the dangers of federalized police and militarized police.
I also want to get his opinion on that.
We're going to take a quick break, folks, and we will be right back.
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We're going to be able to be able to be.
Defending the American Dream.
You're listening to the David Knight Show.
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Download our app or listen now at APSRadio.com.
Welcome back.
Our guest is Steve Banta.
He's a publisher of the New American.
It's a magazine from the John Burst Society.
And we were just talking off air.
And he's lived in Argentina.
So he can tell us a little bit about that.
He's also most recently lived in China as well.
He's the author of a book Inside the United Nations.
and a lot of articles for the New Americans.
As a matter of fact, there was one that I wanted to get to today before he came on
that I didn't have a chance to, and we'll talk about that.
And that is the UN trying to establish a global tax on shipping
in the name of the climate McGuffin.
And so we'll talk about that as well.
But he also contacted me because he wanted to talk about gold and money.
That's also very topical right now.
So thank you for joining us, Steve.
Happy to be here.
Thank you.
Let's talk a little bit since I was just talking about,
Argentina and beef and things like that. Give us your take on what's having lived in
Argentina. Give us your take on what's going on. Yeah, I mean the thing about
Argentina, I lived there as a teenager way back before the Falklands War and the
military junta days. Oh, wow. And Argentina is not like, well, the whole
southern cone, Argentina, Uruguay, Paraguay, Chile in particular is really
quite different from what most Americans think Latin America's like. Most people
think of Latin America, they think of, you know, men with sombreros and donkeys and, you know,
tortillas and that kind of thing. We think in terms of Mexican and maybe maybe Caribbean American
stuff, Puerto Rico. And southern South America, Argentina in particular, is a lot more like
Europe. In fact, Argentina culturally is more Italian than Spanish. There are more people of
Italian ancestry than Spanish ancestry. And the current president, Javier Milet, excuse me, is one of them.
And when I arrived in Argentina in 1979, I was really shocked at how well-educated the people were.
It's a very bookish society.
People love to play chess, for example, not to put too fine a point.
You know, they have their problems too, but they are very well-educated.
And in those days, mostly maleducated and, you know, Peronists and supporters of the socialism and so forth.
But Millet is a different animal altogether.
He's a very, very bright guy and extremely articulate.
Anyone who knows Spanish listening to him talk, he's very persuasive.
He's really a silver-tonged individual, and as is his mentor,
an Argentine economist named Alberto Benegas Lynch,
you can find lectures by him on YouTube as well.
And these are both men of very sound understanding of free market economics
and principles of libertarianism generally, you know,
know, the non-aggression principle, all the rest of this stuff. And so Mille is a multi-talented
individual, very much in the Argentine mold. He's an accomplished, I believe, a rock guitarist,
and a semi-professional soccer player, a football player at one point, and this kind of thing.
And mostly self-educated as an economist, as well as a successful talk show host, kind of a
Rush Limbaugh-type figure, and this kind of thing. And now, obviously, he's the president of Argentina.
Argentina is, of all of the Latin American countries, probably has the government most similar
to ours, at least on paper.
So when Argentina first became independent of Spain, it was ruled for several decades
by a series of what they called Calidios, which were military dictators, culminating in a guy
named General Rosas, who was a really horrific dictator, ran a true police state.
This was in the 1850s.
And when Rosas finally fell, he was replaced.
a group of men quite similar to the American founders, called themselves the generation of 1838,
came forward, and some of them had studied in Europe and in the United States, had traveled abroad,
studied the systems of government of countries, including the U.S. Constitution.
And they attempted to craft a constitution similar to ours.
Argentina is a federal republic, just like the United States is.
It consists of provinces rather than states, but it's very much a federal-type arrangement.
And unfortunately, unlike the U.S., well, I mean, maybe similar to us,
their constitution has been reformed with scare quotes a number of times.
And so this has enabled the rise of, you know, of the left.
You know, obviously Argentina, as Millay never tires of pointing out, you know,
was once one of the world's most powerful countries.
In fact, if you were a European ground down by the yoke of European feudalism,
you know, a peasant yearning to be free and have,
have, you know, some sort of opportunity in life, there were two prime destinations in the late
19th century. One was, of course, the U.S. and the other was Argentina, like the U.S., was and
remains a melting pot, very amenable to immigration. And at one time, was very, very a place
where a man could basically go and do as he pleased and, you know, and prosper or fail according to
his own efforts. And obviously all that, and that led to a state of affairs where by the early
20th century, Argentina was one of the top five or so richest countries in the world,
and the expression in English, as rich as in Argentine, was a common expression back in the
roaring 20s and all that. All that's changed. You don't hear that anymore. Yeah, and so Argentina
has since undergone almost a century of socialism. They call it Peronism, but it's a species
of collectivism. And with just horrific results, when I was there more than 40 years ago,
living there, I've been back since. But, you know, when I was actually living there,
The inflation rate was running at, you know, 50, 100% per month and this kind of thing.
And no one under those circumstances could save money.
You know, the moment you got paid anything, you immediately had to buy land or buy gold, silver, any type of actual assets.
Because the idea of actually putting in a savings account or anything like that was not to be thought of.
So this is the way the Argentine economies evolved.
And then Malay comes along and says, have you had enough?
And the younger generation in Argentina, kind of similar to...
the way our Gen Z is shaping up here has said, you know, we don't want this anymore.
You know, this may have worked for our parents and our grandparents and a great-grandparents,
but this isn't what we want. We want opportunity. We want to be able to, you know,
to actually enjoy the fruits of our labors. And so I think Malay is right-headed and, you know,
but now he's encountering, he's in a situation where he's no longer living in the world of theory.
He's living in the pragmatic, rough and tumble world of politics, where the reality is,
and this may or may not be reinforced by this weekend's elections, national congressional elections,
is that he's kind of a lone man.
The Perunists still dominate the Congress, and they use it to thwart most of his agenda.
So it's been very, very rough slog for him.
And whether he'll succeed is still an open question.
I mean, when I see these, right now he's been, he's been, you know, barnstorming all around.
the country to rapturous crowds in many towns and cities that have never had an Argentine
president visit them before because he wants he wants to make gains in congress and this weekend's
congressional elections but i see these videos and i think yeah one person could step out of the crowd
with a pistol and this would all be done with you know so it's um well it's a very cautionary
tale for us because if they started with a constitution and aspirations of freedom looking at
America and then you look at what happened with the perinistas and all the rest of
stuff a large part of that I think is the cult of personality and I think that's one of the
things that you know I don't know I did I've never lived there so I don't know the pulse
of the people but when I look at how infatuated they were with Juan and a Vita Peron
and how that you know played out through them that this whole idea of people getting
attached to an individual or to a party rather than to a set of principles and I look at
that and say, well, you know, you can't really reverse course. And in a sense, Javier Malai comes in
with a very charismatic personality as well. It's a different type of personality. As you point out,
his rock star aspects and his, you know, sharp tongue that he's got, you know, throwing out
not only debating points, but also insults to people and the hair that he is his trademark and all the
rest of the stuff. So in a sense, you still have the Argentine people, I think, influenced the great
deal as everybody is, as we are here in America, by personalities that are there. And if they can
have a situation where their free society can be overthrown and you wind up with a perinistas
and you wind up of people being disappeared, put into helicopters and flown out and dropped
into the ocean, if you're a political dissident, that can happen anywhere. It can happen here
as well, can it? Yeah, and I mean, it has happened here in the sense. I mean, Perone was the same
generation as FDR. And FDR's, the stamp of his personality, still remains in Washington, D.C.
I mean, FDR was the pivotal 20th century figure in American politics in which he basically
came out. He seized the tiller of the ship of state and said, hard left.
Yeah, that's right.
That's what we're going to do. And from now on, you know, everything is going to emanate from
the federal government, the federal government. There is no problem that cannot be solved by the
creative application of federal government force.
That was the premise of the New Deal.
And these other lesser figures, you know, Lyndon Johnson and more recently,
Clinton and Obama and even, you know, Joe Biden and so forth,
are just really pale shadows, but they're swimming in his wake.
And the state of affairs where Washington, D.C. is wholly owned by the Democratic Party,
which embodies that philosophy, I think more completely than the Republicans,
although they're certainly not perfect either.
You know, this is really a partisan issue as such.
But all of that, which Trump is now purporting to fight against and overturned
and, you know, is the legacy of the cult of personality of FDR and his, the man
who followed him Truman as well to some extent, you know, had that effect.
But they permanently altered, well, up until now, permanently altered the direction
of the ship of state.
And it's proving a very rough slog indeed to change people.
people's minds and say, well, you know, we need to get back to the idea that the federal government
is the creation and not the creator, that it is to be subordinate to the states, and they
in turn to the people and the Constitution and all this type of thing. It's a very tough sell now.
So, you know, I had a very interesting interview.
Yes. I had a very interesting interview last week with a guy who just wrote a new biography
of FDR. And very, very interesting. His point of view was that even though you had the Democrats who
wanted to go to the same place that FDR did. You still had a lot of opposition within the Democrat
Party to a lot of these extreme radical authoritarian tactics that FDR was doing. They said,
we don't want to do it that way. There was a clear understanding in early 20th century America,
just like we saw with alcohol prohibition. They wanted alcohol prohibition, but they didn't do
something like our drug war. They said, we've got to have a constitutional amendment. And so you had
people, even though they wanted to go to the same place that FDR did in terms of government
control and government, you know, taking over and running everything, they said, we're worried
about that tactic, you know, whether it's a packing the Supreme Court or various other things
that he was doing. And that's what I think is sadly lacking on both the left and the right
in America today. And I go back and I look at FDR. I don't know if you familiar with the work
of Strauss and Howe a fourth turning the book that's there. To me, I see that we're in another
fourth turning right now, as they predicted. And, you know, we have these fourth turning presidents
like Lincoln and FDR. Now I think Trump is in that mole who want to go very quickly,
accelerationists. They want to create chaos. And they don't care what means are used as long as they
get their desired end. And I think we're seeing the problem right now. And I think we're going to
see this is that even if we agree on the goal of where they want to go, I do agree with Trump on
many of the goals of where he wants to go, very concerned about the means that he's using
because it's going to set very, very dangerous precedents that will come back to haunt us, I think.
Well, and this is, you know, the problem with permitting the radical, I hate to use the word
radical left, but you know, these radical utopian reformists, they're all collectivists by
disposition, allowing them enough leeway until you get to the point that Argentina was in
by the 1970s, where they control the judiciary, they control all the local governments,
they control the police force, everything else.
And the same was true by the time that Allende came to power in Chile in the 1970s,
or when Fujimori came to power in Peru in the 1990s, in all of those cases,
the radical left had progressed to the point where they were militarized,
where they were, you know, they're kind of going where Antifa would like to go,
but it wasn't, we weren't quite that there yet.
The question becomes, how do you solve that problem when you're so far gone that there's no longer any appeal to the law
because, you know, the judiciary is all corrupted and, you know, the police can't be relied upon and all this type of thing.
And so this creates a well-nigh insoluble problem.
We say, well, the only thing to do is to do what Pinochet did in Chile and Fujimori did in Peru.
And the military junta, Galtieri, and people like that did in Argentina.
you go in and use extraordinary force
and you try to clean house. And
I'm very much afraid that we're approaching
that point in the United States. Yes.
Because we've already gotten the point where
the law is so
twisted that
they don't do much
if you go out and wearing
the banner of Antifa or Black Lives Man or something
like that and you know
and vandalized stores, assault, even kill
people and this sort of thing.
You know, the law gives you a slap on the wrist
but heaven for offend if you defend yourself against someone that, you know,
it's happened in Kenosha right here in Wisconsin a few years ago.
And this type of thing, you know, where you get the point where the law and the judiciary
can no longer be relied upon, it gets to the point.
And this is what revolutionaries, of course, know.
They understand that if they can destabilize things to a certain point,
the only possible remedy is some sort of a crackdown from above.
And then that generates the pretext to say, you see, you see, they are fascist,
just like we're saying, you know, and that gives them more, more impetus.
And that's kind of what's happening now.
The Trump administration has the situation where the cores of a number of our major cities are completely out of control.
And the local magistrates don't want to do anything about it because they're in sympathy within because they perceive that crime creates a rationale for more government.
I mean, at some level, venal politicians like crime and like civil unrest.
because it creates a need for them and their services.
And so that's the reason that places like Chicago and Memphis and Portland and L.A. and New York, of course, their local constabularies are saying,
oh, we're not going to crack down, you know, and so forth.
And so what are you going to do?
It's a very difficult problem.
And I think that's coming, that push is coming from the right also.
I've said for the longest time in terms of this fourth turning, I said, you come back and you're like, previous three fourth turnings we've had in the U.S.
have been, you know, the Depression of World War two
prior to that, the Civil War, part of that, the Revolution.
And I said, yeah.
And so I said, you know, I think we're probably going to have all three of these things at once.
I think we're going to have a Depression.
I think we're going to also have a Civil War, a Revolutionary War, and a World War.
And it seems like all of our global leaders, regardless of what political party they're in,
regardless of whether the left or right, they all seem to be pushing us in this direction.
Yes.
I wish I could say, no, you're wrong.
and here's why, but I mean, obviously anything can happen.
No one can see the future, but I tend to, I would not be at all surprised if that,
that scenario unfolds over the next five to ten years.
Yeah.
Well, let's bring back to the farmers.
I mean, what do you think, have you paid attention to what's going on?
I mean, a lot of what they're saying is, and we have seen this when we saw things with
the eggs, for example.
You know, they go through with a PCR procedure and say, well, we've got one chicken here
that tested positive, so we're going to kill all five million of them here at this
location, that type of thing. It was kind of a government-imposed thing began under Biden,
but it continued under Trump's USDA until Brooke Rollins said, now our solution is that you
vaccinate all the chickens with MRNA. And so, and other animals with this MRNA vaccine.
So the question is, you know, we have so many different issues. You know, one of the issues
of the beef stuff is the consolidation of it. Part of that is the government-mandated centralized processing,
meat processing places that are there.
You know, what do we do from a market perspective?
I mean, certainly Trump and Bessent are not even focused on what's going on with
the farms, and it's a surprise because we saw what happened in the first Trump administration
when he started messing with China and trade and tariffs and things like that.
They immediately retaliated against agriculture, and the government was slow to act
at that point in time to repair the damage that they had inflicted.
And they're being very, very slow to do it now.
What do you think is going on with that?
Well, in generalities, first of all, I mean, the problem is we tend to elect urban people as presidents.
Obviously, Trump being no exception, he's an East Coast urbanite.
He's now a Florida urbanite, whereas formerly he was a New York urbanite.
But those people, and I can say this without prejudice because I grew up in rural western Pennsylvania on a farm.
So I lived in Nebraska as well, worked in a small cattle.
bank in a Nebraska cattle town for some of you.
Well, you've had quite a background.
I've been around and, you know, but I can tell you this.
I mean, the, the contrast and culture between, I live in Wisconsin now, by the way, which
is a farming state, primarily, you know, dairy farms, but, but, but the contrast in the
mentality of, you know, the man of the earth, the farmer and the urbanite is very stark.
And urbanites tend to view the economy primarily in, you know, the man of the earth, the farmer, and the urbanites
tend to view the economy primarily in financial terms, you know, the key secret to economic
success is making sure, you know, keeping an eye on the money supply and proper, you know,
monetary policy, all that type of thing because, of course, you know, all the big cities are
where the banking and the finance takes place. That's the primary raison d'etra is to be, you know,
enablers of international trade and finance and banking and all that sort of thing. I mean,
you know, the Federal Reserve is actually the Federal Reserve Bank of New York.
New York is where all the action is as far as monetary policy concerned.
So that's the lens through which someone like Trump is going to tend to see the world
and not really have a grasp of farming.
I mean, I happen to think that, you know, Casey, Ezra Taff Benson, some other good, you know,
secretaries of agriculture, that we shouldn't even have a department of agriculture.
Oh, I agree.
Yeah.
I don't see that as being part of the constitutional purview of the federal government.
And that, that's kind of an extra constitutional heresy that goes.
was back also more than 100 years, well before FDR, you know, the Department of Agriculture
was already, you know, had it kind of had its finger in the pie and was influencing the
body, he was meddling with the market mechanisms as far as, you know, the prices of crops
were concerned and this kind of thing.
So, I mean, you know, I tend to be a Jeffersonian in the sense that I think that an ideal
Republic is first and foremost, you know, agrarian. I think manufacturing and finance and all
those things are fine, but it's all predicated on a strong agrarian, you know, uh, culture.
Oh, absolutely. Yeah, I absolutely agree. Yeah. He believed that an agrarian society was essential
to maintain our liberty in our form of government. And I agree with them. You know, when you look at
our civil war, for example, I've mentioned many, many times that Italy had a civil war at exactly the
same time. And they didn't have slaves, but it was about the consolidation and centralization
of power, creating a nation state. When in the past, they had had a relatively decentralized
agrarian, you know, Italy. They wanted to create a nation state, and it was driven by a lot
of manufacturing and urban interests that were involved in that. And so that's what we see happening
over and over again. Jefferson said, as you're talking about how it's always focused on
finances and other things like they said cities are a threat to the health the wealth and the
liberty of man i think nothing has changed with that it's just in the nature of the way that people
live you know here's the thing about agrarianism is that number one it delivers you know the best
possible standard of living i mean you know rome was never had it better when than when they
were an agrarian republic for example and the same could be said mutatus mutandis of the
medieval Italian republics and so forth and so on, although many of them were also,
they were based on trade and all this kind of thing.
But the thing is that agrarianism is not conducive to domination.
That's right.
You're self-sufficient, yes, exactly.
But finance is.
I mean, the basis for, you know, call it imperialism or whatever you want to call it, that kind
of thing, being, you know, a superpower is finance.
You have to have robust finances.
and robust banking system and all this.
That's very much, of course, in sync with the Hamiltonian vision of America.
But, you know, I mean, America did just fine for all of the decades
that it wasn't a superpower, you know, a world engirding power.
And, you know, the idea, and this is as much implicit
in the policies and rhetoric of the Trump administration as it was in all of his predecessors
going back to the early 20th century, the idea is that America is a,
superpower and must remain a superpower.
Yes, yes.
The phrases like, you know, we're the indispensable nation, all this kind of thing.
Well, kind of feed into that.
But, I mean, and here's an interesting thing, you know, speaking of Argentina as well.
I mean, Argentina, interestingly enough, has never been a great military power.
They've never, actually moved to Southland.
They've never really.
They showed that during the Falkland Wars, doesn't they?
Yeah, the Falkland Wars was an exception.
There's some interesting history there, too.
We need to the wind of that right now.
but by and large, Argentina has been very content, you know, with its dominion there in
Southern South America. It has all that it needs and feels no need, though it certainly
has the resources. I mean, resource-wise, it's just as blessed as the United States.
They could become a superpower if they wanted to. They just don't want that. And, you know,
and so the United States, you know, I mean, it's heresy to say this, but I wrote an article
a while ago for the magazine, questioning the very premise, you know, should America be a superpower?
Is this really what the founders envisioned? Is that what we want? And obviously, it depends what you mean
by superpower. You mean, well, you know, the greatest country on earth, the place that everybody
wants to go to live and all that. Okay, well, I suppose. But if you meet it in the sense that we mean
it today, you know, the dominatrix of the world, so to speak, that's, that is something very much
counter to what the founders wanted.
And so going back to our agrarian roots, you know, like, oh, what's his name?
The financial wizard who now lives in Singapore, I can't think of his name.
But he's said a lot in recent years.
He thinks that the future of wealth is actually going to be in farming after this whole
fourth-turning thing get through that.
Bill Gates kind of thinks that, doesn't he?
I mean, he's bought a lot of land, even though he doesn't want to have agricultural
farming he wants to manufacture food he still has bought a lot of land and i think uh he realizes that's
the fallback position maybe after they destroy the food supply and everybody is uh fed up just like they
are with beyond meat i was just talking about how their stock that hit a high of 240 dollars is now less
than a dollar so after after all of that people turn back to the farm and so he's kind of hedging
his bets by getting farmland yeah yeah and why not i mean i mean because that's they call it real
estate for a reason.
There's a certain, you know, tangible reality about owning land and developing it for farming
or whatever, you know.
And so, and I think we've sort of become divorced from that in our, in our relentless quest
to, for ascendancy over nature, which, you know, is understandable, you know, it's good
that we have things like the polio vaccine and all the rest of that nowadays, you know,
that we have modern medicine and, and maybe that life is not quite so Hobbesian as it once,
was. So it's understandable that we want to subdue nature, you know, the more brutish
aspects of nature. But at the same time, you know, you don't want to throw the baby out
with the bath and say, you know, we're going to live entirely in this technocratic society
completely divorced from the need to get our hands dirty, you know, Mike Rose style or anything
like that. You know, and so yeah. Yeah, a virtual reality, yeah, which is not a reality
at all. Well, you were talking about, you know, this idea of American exception.
and how we are indispensable and how we have to be, you know, it has to be Pax
Americana and so forth and how financial issues are so much a part of that. And so, of course,
when we look at the Federal Reserve and what is happening with gold, give us your take on that.
That is, of course, the superpower that underlies the American Empire, and that is the ability
to conjure money up out of nowhere. And they may be at the end of their world.
use it and force up to use it because it's the world reserve currency that's the real rub and that's
the reason i mean i was i was i was talking with with an economist the other day on this you know why is
it that argentina when they print a lot of money all they get is horrendous inflation whereas we do the
same thing and somehow it never has that same effect well the answer is that we enjoy a luxury that the
argentine central bank does not namely we can export you know we can print lots of money we can we can
create lots of debt ex nihilo and people will come and buy it because you know uh pursuant
the remnants of the breton woods agreement and just the way the world works now um everything is
denominated in dollars there's a unique demand for u.s dollars that doesn't exist for argentine
pesos or even euros or japanese yen or something like that uh so so you know so we've managed
to insulate ourselves to some extent and a lot of the inflation
has been shipped abroad, but what's happening now? I mean, inflation is a very, is a little more
complex than simply, okay, you know, we double the money supply and prices and prices double,
that kind of thing. It's not as simple as that. It's much, it's more diffuse. And this is the
reason that a lot of economists, you know, not just modern monetary theorists, but a lot of
economists, Keynesians all, reject the idea that inflation is ultimately a monetary phenomenon
that's caused, in effect, by governments and banks printing money, because it's hard to see
you know, in terms of the prices, price rises versus, you know, the money supply, it's very complex,
it's hard to perceive. You know, some prices rise faster than others and so forth and so on.
So, but the reality is that inflation is caused by printing money.
Inflation is not possible except under the circumstances, under conditions of a fiat money source.
And fiat means money that's not tied to gold and silver.
Funny thing is that gold and silver for all of, you know, all of the obloquy that's been thrown at them,
you know, gold was famously called a barbarous relic by Keynes, and this kind of thing, people who believe in the advisability of returning to the gold standard are derisively called gold bugs in economic parlance and so forth.
In spite of all that, the fact is that gold and silver remain.
real money
and their price behaves like
real money. So if you want to sort of
cut through all of the complications of
inflation, you know, consumer price inflation
versus asset inflation, all this type of thing,
you know, and see, well, what's really
happening? You look at the price of gold and silver
and it's going through the roof.
Yeah. Because, you know, but
here's the interesting thing. I saw an article.
And I think it's because the central banks don't
buy into this Keynesianism and
certainly they don't buy into the modern monetary
theory, which I call the magic money tree.
of the MMT, they're accumulating gold for their own purposes, and even if they're trying
to come up with an alternative economic system, financial system, to ours, which has been
weaponized, they are still turning to gold for credibility.
Well, sure, although they say, well, it's just a hedge and all this type of thing, but the
reality is.
And I saw, I mean, so if you, I was just attending a conference the other day down in Florida
the Mises Institute, and there's a lot of talk about this.
And one of the cardinal features of a free market, a non-inflationary free market economy,
is that over time, prices will tend to fall.
Okay, and we saw this, for example, in the United States, post-Civil War,
the latter half of the 19th century, is that prices of goods and services gradually decrease over time.
And to some extent, we even see it today, although it's very much muddied by the inflationary waters.
But, you know, you see, for example, things like the prices of cell.
phones and laptops over, tend to decline over time.
And here's, but, but, but, but here's something that never declines in prices,
price, supposedly. And that's houses. People love to flip houses, buy houses,
investments, real estate, it, because people, you know, the mantra goes, you know,
the value is always going to go up, even if you don't do anything to improve.
The value is going to go up over time. This has been our experience. Well, there's a reason for that.
And the reason is that those are assets that are very close to, you know, where, where, the, the,
the, the, the, the, the, the, the, the, the, the, the money spigots.
are, you know, and the money center banks where the new money enters the economy. And so,
like stock prices, the prices of real estate, houses and so forth, are driven up artificially
by inflationary government policy. But here's an interesting fact. Apparently, the price of
houses, if reckoned in terms of gold, has also been slowly declining over the years of decades.
In other words, if you reckon things in terms of gold and or silver, then you see the true, you
you know, the real economy.
Yes.
And what we're seeing now with gold, you know, the skyrocketing gold and now silver prices
as well.
I'm kind of glad I bought silver over the last several weeks.
Although, that's a silly thing to say, though, isn't it?
Because, you know, my silver is, quote, unquote, worth more, but it really isn't.
Yeah, it's the dollar's worthless.
And it would be the height of folly for me to take the silver.
So, oh, now it's worth twice what it was.
I'm going to sell it and get that, you know, and make a profit on it.
I'm not making a profit.
Yeah.
Because what's happened is, you know, the worth of the dollar relative to real money, to silver and gold, has plummeted.
And that is, those are both indices of very severe inflation, even if we're not yet seeing it at the grocery stores.
I agree.
As a matter of fact, there were some articles saying, you know, you need to start looking at assets and even things like the stock markets.
You know, look at them in terms of gold and they don't look so good.
You know, we've had a lot of inflation in terms of stock prices, a lot of it because of the AI bubble.
But when you look at it in terms of, you know, Dow Jones Industrial Average or many of these other market-wide metrics, it hasn't gone up as much as gold has.
And I know I've talked to Tony Arterbin in the past.
We've looked at people done experiments and go back and say, you know, how much would it cost to do certain things, you know, over 100 years?
say 120 years ago or so, before they went on to the Fiat thing.
If you had gold, if you bought a custom suit or you took a trip or you did this or that
and start to compare it, and they would find that it was pretty much comparable, just like you
were saying with real estate, that it was basically the prices were about the same if you
priced it in terms of gold, although the prices have gone up significantly in terms of
fiat currency.
Well, and the fact that people have this mistaken idea, they think in terms of what things
are worth and dollar is a reflection of the intuition that people have that goes back to the days
when we had sound money, you know, pre, you know, the bank act and pre-FDR and all that kind of
thing. And that is the idea that money should be both a, something with value and also
an accountancy, something a way of keeping records. Whereas in a fiat money system,
money no longer has value. It's just an account.
device. Okay, the value is still there, but it's been divorced from money, you know,
so the gold and that's reflected in the behavior of gold and silver in that sense. But money
itself is no longer repository for value. I know that some of the mesians will criticize
this, the very idea of value, you know, this kind of thing, because valuation is very
subjective. But that's, but that's, that's the issue, right? And so, but people still think
money should be valuable in some sense.
in sense that it once was.
And so that's where this confusion arises from.
People like say, well, you know, how much is this worth in $1965 or $1980 and this kind of thing?
And that's all, what we have now is under so-called fiat money,
which is really a contradiction in terms,
is purely and simply a system of accountancy that is fraudulent.
Yeah, that's right.
Because, you know, it says, you know, you put a thousand of me in the bank,
and it's still going to be worth a thousand plus whatever interest,
You know, 10 years from now, 20 years from now, of course, that's not the case.
Everybody knows this.
Yes, that's right.
And so when you look at the retail trade, a lot of urban mining going on, people, New York Times actually wrote an article about it this last week, about the rush of people to go down to the diamond district in New York City where people will pay you for your jewelry.
So people are taking gold and silver jewelry down, cashing it out.
One woman was saying, well, you know, I got $7,000 for this, and now I'm going to go take a vacation or whatever.
So she's not using it as a store value.
She's just cashing it in and taking a vacation at, you know,
taking advantage of the fact that she can get the vacation that's still priced in dollars.
She can get that in the value of gold.
But what they're doing is they're transferring out of an asset that retains its value
into something that is evaporating very quickly.
It makes sense if you're going to immediately consume it.
But, and a lot of people are caught in a liquidity trap.
As a matter of fact, when we saw the plunge in gold and silver, the questions were
was this last day or so, questions are, is this profit taking because it's been going
straight up for quite some time?
Or as one person who is a former Federal Reserve governor said, I think this is indicating
something's bigger than that than just price than taking profits.
They said, this looks to me like a liquidity issue, like the type of thing that we saw
back in the spring of 2020 when we had the lockdown.
imposed on us and that type of thing.
And so I think a lot of people in the financial markets are getting caught in a liquidity
squeeze and they're having to liquidate gold with that.
So we'll see what happens with that.
But that's the key issue.
And it's really a control issue.
I think it's kind of interesting.
You know, we talk about Bretton Woods, as you mentioned before.
When you look at what happened with Bretton Woods, too, Kissinger moved it to essentially
the petro dollar.
He kind of tied the dollar to energy using Saudi Arabia.
Arabia. And that is now disappeared. Perhaps that's what's going on with Venezuela. What do you
think about that? They got more oil than Saudi. We could re-institute a petro dollar if we control
that oil. Yeah, that's part of it, to be sure. And his neighbor, Guyana, it turns out,
has a lot of oil, too. So, you know, that whole part of the world, as does Mexico. And so,
yeah, I mean, and Argentina does, too. I don't know if people don't know this, but particularly
down in Patagonia, in Chibut Province, in particular, there's a, and Ushuaya, way down
the southern tip of Argentina is now become quite, quite the oil boomtown.
Wow.
So, yeah.
So Patagonia is not just high expensive clothing, right?
No, no, I've been down there.
It's a beautiful area, but it's definitely, it's prospering quite, quite remarkably.
And a lot of that is because of, because of the oil that's found on the continental shelf,
you know, off the coast of Argentina there.
And so, so, yeah, there, there's a lot of, and you can bet that that's in the back
of Trump's mind and Besson's mind as well.
And they're, you know, kind of building this, this new.
bromance with milays Argentina because you know so yeah i mean no doubt oil is is still in spite of all of
the you know the quest for alternative energy and and and the kind of fanatical attempts to get
rid to rid to rid the world of fossil fuels the pragmatic reality is that that that oil ain't
going anywhere anytime soon that's right so it's going to remain the main you know stock and trade
Engine of growth, yeah.
I mean, China right now is trying to sort of belatedly realize that their policy of having a financial, you know, bamboo curtain around China and, you know, preventing the renminbi from being used internationally for fear that it might become be destabilized or something like this.
They're finally realizing if we really want to compete with the United States, we have to try to internationalize, to globalize the renminbi and making an alternative to the U.S. dollar.
But they have one major disadvantage, and that is that China has no oil.
They don't, none that anyone's aware of.
They're completely, you know, an oil and gas importing country from Russia and other places.
And so they, they're not a power player.
Yeah, and you go back and look at it.
I mean, oil is foundational to so many of our wars and, you know, as well as to the economy.
And if you go back to 1930s and the technocrats and the technocracy incorporated and so forth,
they were talking about essentially getting rid of money and a value.
everything in terms of energy usage.
And, of course, you've got a lot of people who buy into that technocracy, philosophy,
people like Teal and Musk or around Trump.
And, you know, yeah, exactly.
And so, you know, I think this whole idea that it, for them,
it makes sense to evaluate things in terms of energy.
And, of course, the energy would be the barrel of oil still as a practical matter.
So I think that's the foundation of a lot of this stuff that we're seeing here.
Yeah, absolutely.
Yeah.
Enough that.
I don't know.
So while we talk about that, I mean, the UN, though, sees that their power basis is kind of using what I call a McGuffin because that goes back to what Hitchcock said.
You know, it's basically just something that you put out there to control the narrative.
And so their basis is to try to also control energy by restricting it, by taxing it, and so forth.
And you had an interesting article on the New American about the,
the U.N. tax and we see something being done right by Trump here. I have been very critical
most of Trump's policies, but I think one place where he has done a far better job than any of the
other presidents has been on the energy issue in both the first term and now I think in the second
term, it's still not perfect. There's many things that are still left out of it. But they put their
foot down against this UN global tax on shipping. Tell us a little bit about that.
Yeah, well, so this is something that has been in the works for a number of years.
at the behest of the IMO, the International Maritime Organization,
which is a little-known UN appendage, it's part of the UN,
and its job is to regulate shipping.
And there's, by the way, there's a corresponding organization to regulate aviation,
and they're trying to do the same thing to instigate a global tax on aviation fuel as well.
But that's another story.
So the shipping tax is potentially a tectonic event,
because it would represent, I mean, irrespective of what kind of taxes,
it would be the first time that the United Nations would have independent taxing authority.
And they have to have that, yeah.
And they have to have that to be a powerhouse, really.
You know, first you've got to have the ability to tax,
and then you have to have the ability to raise an army with your credit taxes.
Yeah, and so those are two things that politically were not palatable back in the mid-1940s
when the UN and also the Bretton Woods system were set up.
The people who said it would have dearly liked to have proclaimed the UN a world government then,
but knew that that was not feasible.
And so they created an organization that could be the framework,
could be gradually filled out over time and turn into a world ago,
which is why the UN looks like a government,
why it has basically a bicameral legislature,
you know, has the Security Council and the General Assembly,
and it has or purports to have executive legislative and judicial powers and all this type of thing.
There's a reason for all of that, okay?
But what the UN doesn't have, de facto, is the, number one, you mentioned a military.
I mean, to the extent that there's a UN military at all, it's crucially dependent on the willingness of member states to contribute troops to serve under UN command.
But they don't have the authority to levy their own troops, you know, to conscript people.
they don't have their own independent military.
And the same is true of taxation.
All governments worth their salt,
you know, have the authority,
the power to lay to levy taxes,
which the UN doesn't.
I mean, so, I mean, how does it get funded?
Well, primarily by, again, by donations for member states,
membership fees and the like.
And that's been a great, has curtailed the UN's ability
to live up to the potential envisaged by its founders.
But now, if, if, and, you know,
we were warning,
about this, I and my colleague Alex Newman in particular have written a number of articles
on this impending global tax and shipping, which has been in the making for five, six years
has kind of been out there. And we fully expected that it was going to happen this year.
And that would represent the first time that the UN was able to collect, to have its own
revenue stream. Okay. And it won't be the last. I mean, if it's passed, there are other
ideas out there like taxing international transactions on the Internet,
tax, obviously, carbon tax of jet fuel as another major one, things like a global income tax
and global property taxes are further down the road. But certainly, they, you know, they kind of
hope for that as well. And in this case, you know, the, what happened was that the Trump administration
in a rare, I have to say, a rare spasm of ideological clarity. Yeah. Trump himself said,
this is an unconstitutional global tax. It's not happening. And if anyone tries to make this
happen, we're going to impose severe penalties on them and so forth. And the result was that some
countries, including Argentina, by the way, which earlier this year abstained from voting on the
measure, they kind of tried to wiggle their way through it. They turned into a firm no vote.
And on the other hand, you know, Brazil, China, and most of the EU, certainly, you know, the UK,
are supporters of the measure.
But Saudi Arabia and the other major petroleum exporting countries,
a lot of countries that are crucially dependent on cruise lines,
like the Caribbean nations for their economic well-being,
were all opposed to it.
And it ended up being a very slim vote no, but it's not really no.
Okay, so they were going to basically, at the IMO summit in London,
they were supposed to rubber stamp this thing,
and another year or two,
it's going to start coming into effect in the UN will start having all this money coming in,
ostensibly in the name of reducing carbon emissions and moving forward,
the net zero, 2050, gold, all that stuff, okay?
And instead, they were on the verge of saying it's just not going to happen,
but in a last minute act of parliamentary ledger demand,
a couple of the people said, oh, well, you know, here's what we'll do.
vote to table the thing for a year. So that's what they did. They said, okay, we're not going to
make a decision on now. We're going to meet again a year from now. And of course, they're
hoping against hope that the politics will change by them. And this is what they always do. This is
how the globalists operate. If once you don't succeed, you try, try, try, try, try again, until
eventually get the result that you want. So this is not going away. Kudos to Trump, you know,
give credit where credit is due. It's like the WHO's pandemic treaty. You know, they get shut down. They
keep coming back. They're relentless. They're going to keep coming back and changing a little thing.
or maybe just bringing it up as it was, you know, for another one of these things.
And it is kind of interesting, you know, because we've kind of seen this pattern.
And of course, Zabigne-Brasinski was all about this in terms of, you know, creating the
trilateral commission and these different economic areas, creating trade groups that would
essentially have some economic control over people and then unifying those trade groups into
a political entity.
That's the pattern that we saw happening in Europe with the common market, then because,
coming, you know, going in with more and more economic control in the marketplace and then
finally coming in with the euro and things like that. Now they're moving to, you know, after they
establish more and more political control of people, probably all of this push with Ukraine,
everything, is to give them a European army, which they denied they were doing as Brexit was
happening. Those reports they wanted a European army, oh, no, no, we don't want that. Now they're
talking about it openly. And so,
We see these types of things.
It's kind of interesting that the UN has taken, you know, you can unify people economically,
then unify them politically to create this large governing block and then bring those blocks
together into a world government.
But in the case of the UN, they're doing it politically, and now they're moving into the economic
stage, kind of doing it in reverse order.
Either way, it's that same goal of consolidation and centralization, isn't it?
Yes, and using as an entering wedge, things like trade and economics.
And saying in effect, as of course the Europeans did way back in 1950s, oh, no, no, this isn't political.
This is just about free trade and open borders and obviously who can oppose such positive-sounding axioms, right?
But, of course, as it turned out, it was about much more than that.
And then they're trying to do the same thing here in the new world.
They did with the FTAA of a generation ago that ultimately kind of fell apart.
They tried to create, you know, from Canada to Tierra del Huigo, you know, this free trade zone, ostensibly free trade zone.
and that eventually didn't work out.
But they're still working on.
I mean, you know, the fact that we have a sort of a customs agreement,
a trade agreement amongst the U.S., Canada, and Mexico,
there are souls out there who want to transform that
into some kind of a broader, you know, North American political union.
And you can, you know, people like Mark Carney, you know, openly talk about them,
his predecessor, Justin Trudeau, up in Canada,
we're very well aware of this.
And certainly some of the, you know, the people in Washington as well know that that's the real,
the real goal. You use trade and you persuade people of the advisability of having open borders
and free trade and then you work toward the political convergence. That's right. And of course,
I remember when Trump did, said, I'm going to get rid of NAFTA. We don't like NAFTA. So I'm going to do
the USMCA. And replace it with something else. Yeah. And you guys were spot on at the New American
and saying that, well, the USMCA is not really fundamentally different from NAFTA. There's just
been some tweaking and some other stuff. So what do you make of the fact that Trump began
this administration by attacking a lot of the same agreements that he was boasting about in his
first administration, coming after Mexico, coming after Canada, even accusing Canada of bringing
fentanyl into the country. What do you make of that? Has he changed? Does he not want to have this
unification that is there with Mexico and Canada, this economic unification? Well, there's
some evidence that he did learn some things during his four years in the political wilderness.
Obviously, certainly experiencing the brunt of lawfare and all that had an effect on him.
But more than that, I suspect that he's actually done something that he probably hasn't done a lot of in his adult life.
And that's done some serious reading about some of these issues.
This is the one thing about money men, a lot of money men, they're so busy doing what they do.
They don't take the time to really read.
And so while, you know, I mean, I think all of Trump's instincts are spot on, you know, he's instinctively hues toward free.
and so forth. He doesn't really have a strong understanding of a lot of these issues. And he relies
on his advisors and this kind of thing. And he does seem to have a different crop of advisors. His first
time around, you know, he bought into the idea, well, I need to surround myself with policy experts.
And in practice, that usually means people of CFR and trilateral's pedigree. And that's why we had
that revolving door of Secretary of State and this kind of thing under the first Trump administration.
And he's constantly feuding with his cabinet, as because he'd appoint people.
who were basically globalist and elitists and thought differently than he did,
but they were sold to him by his circle of advisors.
Well, you need to have, you know, your newcomer to Washington,
so you need to have these seasoned experts, you know,
helping me quickly realize I don't like what they're telling me to do.
And so this time around, he does seem to have made wiser choices in that regard.
In fact, I...
Unfortunately, he's got this one really bad hangover,
Peter Navarro, who came up with those reciprocal tariffs in that chart
that was just utter nonsense.
You know,
and tomorrow's been in prison, too,
so he's got a chip in his shoulder.
Yeah, yeah.
So,
maybe he's trying to destroy.
I mean, Scott Besant is the one guy
in this Trump administration
that is kind of cut from that cloth.
It's kind of, it's establishment type guy.
And most of the rest of them are, you know,
I mean, there's a lot to quibble with, certainly.
It's, it's, he's certainly no Ron Paul or Thomas Massey.
Yeah.
But, you know.
Yeah.
And, you know, you get back to,
Scott Bessent and where we began with Argentina. When you look at this, the beginning of his
$20 billion bailout to Argentina, this hasn't gone very well. Actually, you know, the peso,
the Argentine peso, has continued to go down in spite of his financial lovers that he's been
pulling. Yeah, well, and again, much as I love Miele and Argentina, we have no, you know,
the president has no constitutional power to bail out other kinds of.
countries even via currency swam. I mean, Clinton did that with Mexico back in the mid-1990s and got
into all kinds of trouble. He used the exchange stabilization fund in his case to just up and send
money to Mexico to stabilize the Mexican treasuries and all that type of thing. Whereas, you know,
best in said, well, it's a currency swap. Well, what does that mean? It means that we go in and buy
their worthless currency with our somewhat less worthless currency. So, you know, that's pretty
much what's happened. And yeah, I mean, we'll see. The elections in Argentina are coming up this
weekend to kind of come full circle and we'll see what happens milay will be present one way of the other
for for two more years presumably but whether or not he has a more compliant uh congress
is very much in doubt at this point we'll see yeah yeah well and again i think a big part of
what we're seeing happening in the backfire of besant's policy is the de-dollarization that's
going on internationally people are walking away from the dollar because it was weaponized by
Biden and continuing to be weaponized by Trump. They want a different financial system. They're moving
to gold or they're trying to establish bricks or something like that. And just to, I think it is
also a harbinger of the declining power of the dollar financial system that's there. What do you
think? Well, absolutely. I mean, I mean, you know, this is something, again, as with military power,
we're loath to admit that the state of affairs that we have all come to accept as natural for
the past several generations to wit that the dollar is going to be forever and ever amen,
you know, the world's dominant currency, that that could ever change.
That's right.
But again, you know, the Germans thought the same up through World War I.
I mean, you know, the German mark was, you know, alongside the British pound.
And we get, you know, also adduced the example of the British pound, which happened to World War II was the world's great, great currency.
Where's the pound today?
Yeah.
Where's the mark?
Well, the mark doesn't even exist anymore.
We know about German hyperinflation after World War I.
So, yeah.
And here's the thing, too.
You know, the triggers for calamitous hyperinflation, you know,
Weimar Republic style hyperinflation usually are major traumatic events,
like a civil war or a major military loss.
And so if the other things that we talk about come to pass,
you know, if the civil unrest continues,
if the United States gets involved in, you know,
some kind of major world war.
starting over Taiwan or Ukraine or something like that.
You know, these things could all prove the death knell to dollar supremacy.
Yes.
Because it would cause, you know, potentially at least, you know, could just absolutely detonate a bomb in the middle of our American sense of confidence and complacency about the dollar.
I think a lot of people see that.
I think that is fundamental to a lot of this move into gold and silver away from the dollar that we're seeing.
And, of course, again, the weaponization of this financial system that we set up, we're destroying it ourselves, even if we don't do it from within.
But there's a lot of issues that are coming up within.
So very important that people keep their ear to the ground, and one of the great places to do that is at the new American.com.
Thank you so much, Steve, for joining us.
Our guest has been Steve Bonta, who is the publisher of the New American.
And it's always a pleasure to have people on from JBS.
And I just, I want to see more stories out there about the concern about the federalization of policing and other things like that because I tell you, I'm just going back.
I talk about it constantly.
I said, boy, the John Birch Society was like 60 years ahead of the rest of everybody when they talked about the dangers of the federalization of the police and the militarization of the police, you know, back in the 1960s, support your local sheriff.
or whatever. That is more important than ever, I think. And we've got to be careful that we
don't move into that because of a particular goal that we have. We have to be mindful of the
precedents that we're setting and of the means that we're using because those are going to be
the things that are going to be used to hang us when the administration changes as it inevitably
will. Yes. So thank you so much for joining us. Steve Bonta. Folks will be right back. Stay
with us.
Thank you.
I'm going to be able to be.
I'm going to be able to be.
Making sense common again.
You're listening to the David Knight Show.
Welcome back, folks.
Thank you for still being here with us on the show.
I want to say thank you to Energy Woman 707.
We really do appreciate it.
It says thank you so much for your wonderful work,
all of you nights, hugs, and stay well all.
Thank you very much.
And Brian Deb McCartney,
sorry for missing your question earlier.
Yeah, we're going to, I'm going to try and
a better job of keeping up with the comments during an interview. I'm sorry I didn't see that,
but they asked if I could ask him some of his solutions to these issues. But I would just say
that I think I know that Steve would say the Constitution and following the rule of law, which is
what we have gotten away from so much. And, you know, that's what we need to do is we need to
move back into a more of a federal system where we have decentralization of power. That
is a solution any way that we can do that in any area that we can do that that's a solution
i think mc jp rumble says oh it's about more resources for data centers noted
assyrian girl says he is right on the target the city government do create and thrive on
crime don't frag me bro south america is always in chaos because there is enough oil
nearly surfaced, completely upset the fixed market and OPEC.
Big Brit is back again.
Gold lost 200 an ounce this week.
Yeah, the biggest drop that they've had for a very, very long time.
And we could, let's start with that.
We'll start talking about that when we come back.
And, but go ahead and finish these comments.
Epstein Island talking to Jason Barker says it looks like it's falling again right now.
However, the idea of gold being 4,000 reminds me of Zimbabwe inflation.
In Iburoo, 2029, BlackRock gained its foothold on the nation through the farm aid crisis with the aid of MAGA 1.0 while Michael Milken's junk bonds are being used as a distraction.
That's right.
Yeah, there's Larry Fink's ticket to the top.
And now we're saddled with them for the rest of our lives.
Defy tyrant 1776, all the lawfare against Trump was contrived, a bunch of BS to drive support to him.
That's right.
That's right.
And unfortunately, he's come out swinging, and as I said at the very beginning of the Trump administration, we'll see more of this, that the lesson was not to, Trump is not going to come out and say, we should never have this again.
We need to establish a rule of law.
Instead, it's going to be we need to establish a rule of Trump.
And so he's going to make it about empowering himself instead of the Constitution.
Instead of having integrity in society, we're going to, he's going to do the exact opposite.
opposite on the other side.
Real Jason Barker, keeping the dollar strong is no longer possible unless one or two things
happen.
We either tokenize all of our assets and assign a value or we take up a new thing like
Venezuelan oil.
Yeah, that's pretty much all this tokenization stuff is kind of what he was talking about
in terms of, you know, keeping a ledger, right?
And then we don't have to, we can divorce it from the value of these different things.
That's a very dangerous thing, I think.
The tokenization, people ought to go back and think about how.
we got into that situation with real estate, the most real of all assets. And yet it was
securitization, kind of tokenization, these kind of financial games that they play that they
invent out of New York and play these things. That was what got us into that situation.
It's what created a Larry Fink and a Black Rock.
Real Jason Barker, they were working at keeping the bubble going with tokenization of our
inheritance and looking at offshore oil. But the long-term play is to replace the whole
system to erase the debt.
At least Biden was honest about his horrible
agenda. Trump is a liar.
Yeah, that's right. They make the system
intolerable, unbearable, and
say, well, we've got to do away with it.
We've got to switch to something, anything else.
Let's get to the questions about gold.
As a matter of fact, this is what I mentioned
briefly in the interview.
This is a article from
Kidco. Ex-Fed
Insider warns of systemic
liquidity crisis and
sees the goal sell-off as a major
distress signal for the economy in general.
This is a former Federal Reserve advisor issued a stark warning on Tuesday, arguing that a
systemic liquidity crisis is already underway.
A development, she says, will force the central bank to abandon its inflation fight.
Not because it is won, but because the financial system itself is breaking.
The warning comes amid a period of pronounced market contract contradiction.
On Tuesday, the Dow Jones Industrial Average gained over 200 points, fueled by strong earnings from companies like GM and Coca-Cola, pushing the S&P 500 to within fractions of its all-time high.
This optimism stands in sharp contrast to the stress emerging from the fixed income and commodity markets.
And this is the person who's issuing this warning is Danielle DeMartino Booth, who served as an advisor,
to the former Dallas Fed President Richard Fisher from 2006 to 2015.
She says this divergence is unsustainable.
She's now the CEO of QI Research.
She's been a persistent critic of Fed policy, arguing that the central bank's actions
have created deep-seated vulnerabilities.
She said it certainly looks like the system is running out of sufficient liquidity
and that the Fed is going to be forced to pull over to the sidelines.
other words, to start up with quantitative easing again.
Her assertion refers to the Fed's ongoing policy of quantitative tightening,
a program that's been removing liquidity from the financial system by letting up to
$95 billion in Treasury and mortgage-backed securities mature off of its balance sheet
each month.
She said this as gold suffered one of its steepest single-day declines in five years.
following over 5% to about 4,125 an ounce after reaching a record high above 4,380 the previous day.
She argued that this is not a fundamental rejection of gold, but a sign of forced selling due to market-wide, quote, dash for cash.
She said this is a dynamic that was last seen during the severe market dislocations at the onset of the COVID-19 pandemic.
She said, I think that what we're witnessing right now, I think we're witnessing a repeat of what we saw in March of 2020.
In such an environment, investors who receive margin calls or need to raise cash quickly are often compelled to liquidate their most profitable and their most liquidable, liquid asset.
People tend to, if they get margin calls, if liquidity becomes an issue, they tend to pull their winners.
The resulting volatility, she cautioned, is not a healthy sign for the asset.
You never want to see gold behave like a meme stock, she said.
Her warning is centered on the private credit markets that have grown explosively to over $1.7 trillion,
and which operate with less regulatory oversight than traditional banking.
She sees a significant risk of contagion stemming from the lax underwriting standards that persisted during the era of near zero interest rates.
And again, we've seen reports about a lot of automobile loans that were subprime.
The people are now, you know, you can quickly go underwater with an automobile loan because it depreciates so rapidly.
And so that has caused issues for a couple of financial institutions, which is saying outside the banking industry, they were making these automobile loans.
But I think it's also true of the commercial estate market that Solentie has been pointing to for quite some time.
And that also includes the banks.
Her analysis validates recent concerns from global financial leaders.
On Tuesday morning, Bank of England governor testified before Parliament and drew a direct parallel
between recent blowups in U.S. private credit and the 2007 subprime crisis.
Financial stability reports from both the Fed and the IMF have highlighted the rapid growth of this opaque market as a potential systemic risk.
She said, if we are seeing these blowups in the private credit market,
They're indicative, more so, of banks not necessarily having proper due diligence and sound enough
underwriting standards when the money was flowing freely.
And again, this is when she's saying it's banks, it's commercial real estate stuff.
She believes that these are not isolated incidents, but that the problem is systemic, echoing
a recent warning from J.P. Morgan CEO Jamie Demon about finding cockroaches in the financial
system. She said, if the lending standards have been laxer than they should have been,
then we're going to find, as Jamie Demon would suggest, more cockroaches. And it's not just
the lending standards. I mean, these are subprime loans that are being made out with cars and other
things like that. However, you know, the commercial real estate stuff, that is a real true
hangover from the pandemic lockdown and the damage that was done as a consequence of that. It wasn't
because of poor lending standards, but it was because of poor authoritarian policies by the Trump
administration, frankly.
U.S. household debt stands at a record of $18.5 trillion, with credit card and auto loan
delinquencies rising steadily above pre-pandemic levels. With the market appearing optimistic,
Booth pointed to underlying data showing a consumer under pressure, with recent reports from Vanguard
and Empower, noting that 401,
K hardship withdrawals are at a two-year high, partly driven by the recent resumption of student loan
payments.
She maintains the real economy is weaker than the headline figures, like the Atlanta Fed's
4 percent third quarter GDP, which now is the estimate that they're suggesting.
So she believes that, again, as the economy is weaker than it appears to be from a lot of these
reports, that people are getting calls, they need to have liquidity.
so they're going to liquidate their winner, which is going to be gold, if they've got gold,
and that's part of it.
People taking, and once it goes straight up for so long, once some people start selling,
a lot of people are going to start taking profits in it.
So I look at it as gold is on sale.
I think it's a good thing because the fundamentals have not changed.
And even though we saw gold and silver see the worst one-day drop in years,
the long-term uptrend remains solid.
And why is that? Well, because of all the things that we've been talking about. The systemic
realignment that is happening in the financial system, a lot of it geopolitical, but a lot of it
is just reality catching up to them and inflation catching up to the Fed's policies of quantitative
easing and the manipulation of the economy. Metals have room to move lower, and let's note
that both the markets remain in strong, long-term uptrens. So that's what we're going to
we're seeing, silver is also facing selling pressure, trading at a two-week low, but it is still
up 67% year-to-date as of yesterday. The same thing is true about gold. It moved to the lowest
level in several days, but remains up more than 56% since the start of the year. The consolidation
in gold is a function of profit-taking, pure and simple, said analysts at TD Securities. Today's
sell-off was always in the cards given the scale of this year's rally.
Some would argue, well, what took so long?
With so much buying lately, investors have finally started to take profit after the record-breaking run, either willingly or otherwise, he said.
The impact of profit-taking and alongside liquidation has added some real selling pressure for a change after what was one-way traffic.
And so, again, other people saying, well, it could withstand a 10% correction without breaking its bullish narrative.
I mean, when you look at how much it has gone up, it is truly amazing that there haven't been more and deeper corrections in the past.
But like we saw about a year ago, remember after Trump was elected, everybody said, well, it's going to be all about crypto now.
And gold dropped quite a bit.
And I remember the commercial that I did with the guy Klondike, Klondike bill or whatever from the little Rudolph Red Nose Ranger.
Anyway, he said...
Yukon Cornelius.
Yukon Cornelius.
Thank you.
Clondike, Bill.
Where did that come from?
Anyway, Yukon Cornelius.
Yeah, gold and silver are on sale, and they were.
They were on sale.
Because they've gone up about, you know, 60% on average of two of them.
The fundamental backdrop remains...
I think I have that if you want me to play it.
No, that's okay.
I think people heard that quite a bit.
dominated by the same themes that propelled gold through successive record highs,
a waning confidence in the old financial order leading to persistent central bank accumulation,
renewed demand for ETS from investors in the West,
and on top of a continued demand from Chinese households seeking alternatives
and a four-year-long property market slump,
and fourth-year demand,
and a gradual erosion of trust in both fiat,
and fiscal management in the West.
We have lost confidence in our institutions.
So, again, if we look at this, one of the interesting things, Lance, in this article here,
gold can go higher, but conventional wisdom on inflation hedging is flawed.
There's a chart in there.
I want you to pull up on the screen.
I didn't put it in the deck.
And that is gold price versus ETF holding on gold.
So if you get that, there it is.
No, next one.
next one down next chart down is yeah that one right there now look at that that blue line
um is um let's see the light blue line is ets and the dark blue line is gold and you see that the
two are not tracking each other that's the key thing right so um it was up higher than gold was for
quite some time and then it um has now gone lower and is staying lower as gold has been going up that was a
thing that really concerned me about paper gold and paper silver, the fact that they weren't
tracking with the metal. And so that got me to look at to see what was really involved in it and
to say, no, I don't want any of that. If you're going to get into gold and silver, get the
real stuff. Don't settle for paper. Don't get out of one Fiat instrument into another Fiat
instrument. So gold price is down with the biggest slide in 12 years after rallying to the highest value
ever. Silver isn't doing too much better, but it is on sale, as Yukon Cornelius told us. Now, the key
interesting thing here is what's going on in India. India has the largest metals refinery
just ran out of silver for the first time in history. So this is a company that does
silver refining, and they can't find any silver in India. Isn't that interesting? And there's also
a panic over silver in London as well. In India,
India, the largest precious metals refinery, ran out of silver stock for the first time in its
history due to high demand from Indian consumers. The silver market crisis was caused by a
combination of factors, including a multi-year solar power boom, a rush to ship metal to the
U.S. to beat possible tariffs, and also a sudden spike in demand in India, particularly
during the Dewali holiday season. For months, this company had been bracing for a stampede of buying
from Indian customers who were going to be loading up on silver to honor the Hindu goddess of wealth.
That's what this Dewali holiday season is about. So in the past, they've accumulated gold,
but this time they started talking. There was a lot of talk about how silver was historically low.
So they were going after silver and silver coins, and they said, we are literally out of stock on silver, the largest precious metal refinery in India.
They said, the guy said, this kind of crazy market where people are buying at these levels, I've not seen this in my 27-year career.
Within days, the shortages are being felt not just in India, but around the world.
India's festival buyers were joined by international investors and hedge funds, piling into precious metals as a
a bet on the fragility of the U.S. dollar, or to simply follow the market's irrepressible surge
higher. By the end of last week, the frenzy had rippled across to London's silver market,
where global prices are set and where the world's biggest banks buy and sell in huge quantities.
Now it had run out of the available silver. Traders described the market that was all but
broken, where even large banks stepped back from quoting prices as they fielded repeated calls
from clients yelling down the line in frustration and exhaustion.
When traders and analysts try to pinpoint the immediate cause of the silver crisis of
2025, they inevitably point to India.
During this holiday season, hundreds of millions of devotees by billions of rupees
worth of jewelry to celebrate the goddess Lakshmi.
Asia's refineries usually meet this demand, which typically favors gold, but this year
many Indians turned to silver.
The pivot was not random.
For months, India's social media stars promoted the idea.
After Gold's record rally, silver was next to Soar.
The hype began in April when investment banker and content creator told his nearly 3 million
followers that silver's 100 to 1 price ratio for gold made it the obvious buy this year.
His video went viral and so on the auspicious day for,
buying gold, and they bought silver instead.
So just as Indian demand was soaring, China closed for a week-long holiday, so bullion dealers
turned to London, and they soon learned that London's precious metal vaults were
largely sold out.
While London vaults underpinning the global market hold more than $36 billion in silver,
the majority of it was owned by investors in these ETF funds.
demands for silver ETFs, a surge in recent months amid concerns about the stability of the U.S. dollar and so forth.
So some people were actually, it was so chaotic that one individual, one trader, said big banks were offering such wildly different quotes because nobody had any silver, so they're all over the place.
He said he was able to arbitrage that and make money.
He said he could buy from one bank at its asking price and simultaneously sell to another and make an immediate profit.
That's how chaotic it was.
So again, we're seeing some strange things that are happening.
The bottom line is, is that the fundamentals have not changed.
Gold is the gold standard.
Silver is there as well.
And it's the institutional loss of confidence in the dollar and the financial system that the West has created that is driving all this stuff.
And when we see these types of swings and things like that, it's only going to drive people that an increasing rate.
So I don't think that this is any kind of a real change that's happening.
It's just a temporary glitch.
I think it's gold and silver on sale.
Yeah, silver fell more than 6%.
But again, it's up by 60%.
As this person ends this, said,
I see little reason to believe that we have seen the end of this rally
because there is no fiscal discipline anywhere in any country and any government.
Despite soaring deficits and inflation well above target,
the Fed is cutting rates anyway.
Do you have faith in Congress?
Do you have faith in Trump to address this deficit?
Do you have faith in the Federal Reserve to be able to control financially what's
happening with the dollar?
Look, the Federal Reserve can't even control what's happening with the Argentine peso with massive input.
So, you know, they're losing their ability to control things.
He says, well, neither do I, and neither do gold or silver.
They have no confidence in these governments or their fiat currency.
Do you want to take us some comments here?
Absolutely.
Of course, it's just you can only deny reality for so long.
No matter how strongly government is, no matter how much power they have, eventually reality reasserts itself.
Yeah, it's like one of these roadrunner cartoons, right?
You know, the roadrunner runs off the cliff and he's going for a good while until he looks down and he sees, he realizes that there's nothing underneath him.
And then he drops like an acme...
Once you realize gravity exists.
He drops like an acme anvil.
We've got Don't Frag Me, bro.
Controlled Demolition of the Economy.
These are older comments from before the interview that we didn't get to.
There's a few more that are new at the end.
Okay.
Okay.
Star Barclay, does it just whole foods that sell shipped in produce from Canada,
Mexico, South America, other stores do it too.
Blueberries from Peru out of season?
Yeah.
Defy Tire in 1776, Trump spent about the same amount of money in his first term as Obama did in eight years.
That's where a lot of inflation came from, helicopter money during the scamdemic.
And then Biden kept it up and Trump is keeping up.
I mean, they just assumed a new curve and a new slope on the curve, and they've been maintaining this.
He's president. He's president.
Big Prid is back again with Trump.
He's going to put farmers out of business and then leave it for the billionaires, like Gates to buy the farm.
the land.
Gates is buying up everything.
Audi, M.R. The fundamental problem in the beef market
is government. It's the fundamental problem
in many a market. And I have a beef with government.
Brian and Deb McCartney, the issue
is that the government does not belong in our food
industry, period.
Right. Yeah. Steve Evs,
responding to Big Brit, says it's now
next to impossible to escape MRNA
unless you never eat out and never shop
at a grocery store. Yeah. It's going
in everything.
Pesinovante 1776.
The government destroys everything it touches, money, education, health care, et cetera, et cetera.
Big Brit is back again.
They keep rabbits in Europe for food, but most people in the U.S. keep them as pets.
There's a few channels online that'll teach you how to keep meat rabbits.
I've seen them pop up.
Yeah, I knew Prepper, who's a Marine, and he was really big on growing rabbits for meat, yeah.
They breed like rabbits.
Yeah, that's right.
I've also heard, though, that you can starve just eating rabbit.
It doesn't have enough nutrition, so you want to use.
use it as a supplemental meat, but if it's your only source, you can still starve while
eating rabbit because your body just isn't getting enough nutrition.
Big.
So Gallum didn't know that when you got to break the conies.
Exactly.
This isn't what we need, Gallum.
Where's the beef?
Well, I don't think Gallum is really the health advisor that you want to take.
Get the Gallum look.
Yeah.
Have you wanted to look haggard, strung out, distressed as if by an ancient evil,
Big Brit is back again
They keep rabbits in Europe for food
Read that
Real Jason Barker
Gates will win big time
With his fake meat
If people can do no longer
If people can no longer eat real meat
It says Gates has already
Released millions of bioengineered
In several US cities
The Public's knowledge or consent
Don't frag me bro
We need meat to live
One of the few sources of copper
For our blood
Yes
Being vegan is a
Bougoir affectation
it does not exist for the average person you have to take so many supplements and you have to get
this just in time delivery system to work just right so you can have your blueberries like you said
flowing in from peru and your oranges from florida or wherever they're growing at this time
because otherwise you were going to starve your body is going to start shutting down as it can't
get nutrients yeah you tried that with the r a yeah i tried being vegan for a while i did not work
at all i was miserable and sickly and exhausted it's the
Only time in my life I've been more tired than dealing with the baby just because your body does not have the energy it needs.
You were kind of going for the golem look there as you lost all of your muscle briefly.
I was very, very skinny.
I was down to like 130 pounds or something like that.
Very, very scrawny individual at the time.
But your body needs a lot of nutrients and the vegan diet doesn't really provide it.
You have to specifically plan it out and make sure that you.
you were getting them. If you don't do that, you'll fry your brain. Yeah. Well, let's take a break
because I want to talk about, you know, mentioned that India was driving, the accumulation of
silver was driving a lot of problems that had international consequences. But when we come back,
I want to talk about India's footprint in the pharmaceutical industry. Just when you thought
that pharmaceuticals couldn't get worse than what Pfizer and Moderna are doing, then we have another
form of grifting that is coming from India, and it actually does make it worse.
So we're going to take a quick break, and we'll be right back.
In a world of deceit, telling the truth is a revolutionary act.
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Pills, profits, and peril.
I guess we could also say poison, if you want to be hanging in there with alliteration,
how India's export-driven pharma machine puts Americans at severe risk.
This is from WND.
And I said, it's every parent's nightmare, racing their child to the emergency room,
only to learn that the cough syrup they gave their son or daughter,
rather than relieving their cough, instead had poisoned their child.
It's the kind of horror story that no one expects, especially from something made for children.
Yet it accurately reflects the grim reality of today's global pharmaceutical trade.
And again, we're going to see that it all really comes back to the FDA,
giving approval to the government covering up and concealing where stuff is coming from, number one,
and also just giving a free hand to companies as well as countries,
entire countries who want to game the system and not do proper due diligence because just as in
America, these pharmaceutical people are grifters, con men, thieves, and murderers. In this
case, it was a drug manufacturer in India that decided to swap safe ingredients for cheaper toxic
chemicals. The same substance used in engine coolant, break fluid, and antifreeze. As horrifying as
that story sounds, there is an even more unsettling truth. The same country responsible for these
deadly syrups also produces a huge share of the medicines that are sitting in Americans' homes and
hospitals. And yet, another reason to just say no to the most dangerous drugs, these
pharmaceutical drugs, the most dangerous because you think they're safe. And it's another reason to start
looking for alternatives. We don't necessarily need to have cough syrup that comes out of a
bottle. There's plenty of natural alternatives for cough suppression that are out there that are
safe that you can put together yourself. Yeah, save the cough syrup for the wrappers who really need it.
They use that as a drug? Oh yeah. Rappers have been using with lean. It's called lean.
I wouldn't know that. Yeah, because it makes you lean.
Yeah, I had a friend who is under age, he couldn't get alcohol, so he got NyQuil.
And it's like, are you crazy?
He started drinking NyQuil.
It was a higher percentage of alcohol than most of the alcohol that could buy in an alcohol store.
Do not go to sleep.
Don't cough medicines like that have some sort of loosenogenic effect as well?
I don't know.
Taking in large enough doses, it can cause weird stuff with the brain.
But it also is just extremely hard on the body.
It generally leads to seizures and all kinds of medical complications.
But rappers aren't necessarily known for their forethought and circumspect nature.
So they tend to...
Neither was my friend.
They tend to disregard those sorts of consequences.
Well, India now dominates the global generic drug market.
Behind the dominance lies a disturbing pattern of fraud, contamination, and neglect.
Factories caught falsifying test results, skipping safety checks or cutting corners with unsafe inputs have continued to ship products abroad with little interruption and even less accountability.
I guess the question is how is this different from Pfizer, except it is different.
It's even another level just when you thought it couldn't get worse.
So about 15 years ago, under Obama, the U.S. FDA recognized India's, this is a statement.
from Biden's FDA commissioner.
So at about 15 years ago, the U.S. Food and Drug Administration recognized India's
strategic importance to the U.S.
And in fulfilling our mission, you know, to poison Americans, I guess that's the FDA's mission
right now, we opened up one of the FDA's first foreign offices in India.
Indian medical products sector has continued to grow, as has our reliance on medical products
made in India.
India sometimes describes itself as farmer.
to the world. And as W&D points out, this pharmacy of the world thing is a narrative that
paints India as a benevolent supplier of affordable medicine to developing nations, a trusted
producer of life-saving generics for the West. But behind that reputation lies a far darker
reality, one that is built not on innovation or quality, but on cost-cutting, corruption,
and cutting corners. India's rise in pharmaceuticals was not.
not driven by breakthroughs in science or superior manufacturing.
India's breakthrough began when they rewrote their patent laws in the 1970s,
allowing domestic firms to reverse engineer Western drugs without licensing fees.
The loophole fueled an explosion of generic production, cheap, fast, and profitable.
When international patent protections were later restored in the U.S. in 2005,
Indian manufacturers pivoted again.
This time flooding foreign markets with off-patent generics
while undercutting competitors through low labor costs,
weak oversight, and questionable testing practices.
This is a lot of the stuff that we saw with China as well.
Intellectual property theft and then cutting corners
and that's especially disturbing when you're looking at medicines that are there.
Today, India produces about 20% of the world's generic medicines.
Nearly half of all generics sold in the United States come from India.
But low prices come with a high risk.
A landmark study found that Indian-made generics had a 54% higher risk of serious side effects
compared to U.S. produced generics.
So imagine even more dangerous than the U.S. pharmaceuticals.
Yeah, they already play all these games to get them approved,
and that's the ones that are the clean manufactured ones.
compared to these Indian ones.
That's right.
That's right.
So, I mean, you know, the substance itself can be dangerous,
and then you can add to it shoddy quality control
and even substituting ingredients,
putting antifreeze type of stuff in it because it's cheaper to do that.
So, again, these people poison for profit.
You know, the Indian pharmaceutical companies
are no different than the U.S. pharmaceutical companies.
Instead, you know, the U.S. poisons people
because of government agendas, for example,
from Barta, DARPA, ARPA, H, and their depopulation agenda.
Indian manufacturers have reportedly been tied to contamination, falsified test data, toxic ingredients.
There was a $500 million fraud case for this cough syrup poisoning that was done,
and the World Health Organization investigated, the UN investigated, and nothing is changing.
India, the Indian government is so corrupt, it's not going to do anything about that.
It's very much like our government.
They allow their profitable companies to do anything.
Since 2000, pharmaceutical imports have surged to unprecedented levels.
By 2024, the U.S. brought in more than 828,000 metric tons of drugs and ingredients
over seven times the volume imported at the start of the century.
So over a 25-year period, it's gone up by sevenfold.
It's a product of a failed trade and regulatory model.
that has sacrificed American manufacturing for short-term profits.
The problem is that we can't point the finger at the Indian government any more so than the
FDA.
They're even bragging about the fact that the FDA participated in this lack of regulatory
oversight and this fraud and poisoning.
They even put multiple offices there in India to facilitate it.
All it should take for someone to realize we should not be manufacturing.
anything that someone is going to consume in India is about 10 minutes on Twitter.
If you spend about 10 minutes on Twitter, you will see enough videos and gifts from India to make you go,
I would never.
Well, it's kind of like when we were in China, we went, we took that excursion out into the country
to kind of see where our daughter had been living.
And we get off the boat and they're just putting food out on the road to dry.
And this is a road where not only vehicles and people are,
walking on, but they've got animals that are defecating on the road. They got, you know,
their livestock and everything are out there. And they're putting food out there to dry. And
some of the people from our group, you know, they took this stuff off of this. We saw
this, they're taking it off the street, taking it and putting in their machine and packaging
it. And people on our group, like, oh, so exotic. Yeah, exactly. Yeah, you're going to get
an exotic stomach issue coming up here in a minute. Yeah, just two countries, China and India
dominate the American drug supply.
Together, they account for 70 to 80% of the generics and key ingredients in the U.S. medicine cabinets.
India alone produces nearly half of all finished generics sold in this country, while China supplies many of the raw compounds that are used to make them.
This dependency doesn't just threaten America's health.
It hands foreign governments and corporations enormous leverage over U.S. national security.
Hey, I'm more than happy to let these people pull these things off.
Take the pharmaceuticals off instead of rare earth minerals.
And, you know, just watch us squirm about this.
Anyway, in February, when researchers revealed that Indian-made generic drugs
carried a 54% higher risk of serious side effects, including hospitalization, disability, and death,
the Indian pharmaceutical lobby immediately challenged the findings.
Industry representatives accuse researchers of bias,
arguing that the analysis unfairly targeted India's global wrong.
while insisting that its products and international quality standards were fine.
And actual evidence at home and abroad, though, told a much darker story.
Again, this is the same story we see when anybody pushes back against what the FDA is allowing
and what the pharmaceutical companies are doing here in America.
They just deny it and continue to do this again.
Over recent years, Indian-made cough syrups have been linked to hundreds of children's deaths
across multiple continents.
So again, it's not nearly as dangerous as the MRA-A-Trum shots that are out there.
The World Health Organization has documented more than 300 child fatalities caused by syrup
laced with diethylene glycol, D-EG, and ethylene glycol, eG.
These are industrial toxins used in antifreeze.
Well, of course, as I mentioned frequently, and I mentioned it earlier today, Pfizer is putting
P-E-G, D-E-G, E-G, and P-E-G, these all basically the same, putting that into the Trump
injectables.
And when Children's Health Defense saw that, they called them on it and they said, well,
FDA said, we don't care.
You know, contact Pfizer.
Pfizer didn't care either.
Between 2022 and 2023, fatal outbreaks were reported in Gambia, Uzbekistan, Indonesia,
and 2025 new deaths in the large Indian state of Madhya Pradesh were traced to syrups
containing nearly 500 times the allowable diethylene glycol limit.
But we see this all the time with the Trump shots.
We see massive millions of people who have been killed with this globally,
and they don't do anything to stop it.
Instead, Trump rewards Albert Borla and Pfizer goes into business with them.
Each time regulators and manufacturers call the tragedy's isolated incidents, just like they do when people die from sudden death after the trump shots.
But repetition reveals a pattern.
The pattern looks less like bureaucratic incompetence and more like strategic containment, a deliberate effort to protect the pharmaceuticals.
Again, same pattern we see here, except this is even, they just add contaminants to it.
But we know that there is DNA contamination that violates the FDA's own standards on these Trump injectables.
And they're not stopping any of this stuff.
Data from India's own regulators show that over 36% of Indian drug manufacturing plants inspected since mid-20203 were ordered to shut due to non-compliance.
But they don't shut them.
They keep them open.
And they don't even inspect all of them on a regular basis.
And when called on it, the Indian equivalent of the FDA said, it's not the government's job to test every single batch.
That responsibility lies with the manufacturer.
Again, the same story that we saw about PEG and the FDA.
FDA says, oh, call Pfizer.
Don't talk to us about it.
In 2024, India's top regulator declared the crisis under control.
Yet, within months, that assurance unraveled as new child death.
emerged, and the owner of one pharmaceutical company was arrested, and the World Health
Organization issued a fresh global alert warning that contaminated cough syrups from multiple
Indian companies posed a serious risk to public health. A June 2025 pro-Publica investigation,
they called it the threat in your medicine cabinet, the FDA's gamble on America's drugs,
showed how the FDA repeatedly allowed overseas factories largely in India,
to ship products even after serious manufacturing and quality failures.
They do the same thing here.
The FDA is purely political.
They're bought off.
They're controlled, whether it's by companies here in America or companies in other countries
or even an organized effort by a government like India to push this through.
I also want to comment again.
I've mentioned this before, but eastern countries,
especially places like China and India, have this, you know,
you're a sucker if you're not trying to cheat.
the system mentality it's a someone is going to cheat and get rich it might as well be you and
they're not going to abandon that mentality when they come to the united states that's right they're not
going to integrate they're not they don't have to because there's people who are just waiting to be
bribed at the fda and and they've also imported millions upon millions of migrants so there is a large
enough base here for them to just go live with their own people and create their own
subcultures in the united states they never have to really interact with american culture
or adapt to it.
Well, when you look at the impact of coming into this country,
a big part of this, which is the next thing I was going to cover,
is that they have now built 20 plants in the U.S.
And so they have falsified records.
They have filthy labs.
They've received exemptions that let at least 150 drugs or ingredients
to keep flowing into the American market.
They said out of the 150 that they targeted here that were coming in,
one of them was from China.
one of them was from Hungary and 148 were from India almost all of them from India so inspectors found metal shavings on production lines raw materials contaminated with extraneous matter and blackish vials of injectable medication that still reach US pharmacies again blackened vials that reminds me of the couple of batches over a million of them each that the Japanese threw away of the trump shots
because they said they had black particulates in them,
and that they interacted with magnets as well.
You talk about metal shavings or whatever, whatever this stuff is,
whether it's graphite or metal shavings.
So, again, maybe the metal shavings are just sloppy manufacturing in India.
Here, it may be graphite that was put in intentionally for some kind of nanotech thing.
Can we take some graphite or metal shavings for Trump's account?
Sure we can.
That's right.
The FDA, however, pressured by industry lobbyists and afraid of drug shortages, look the other way.
Instead of sounding the alarm, it kept the public and even Congress in the dark, as if Congress would ever do anything, right?
Adverse event reports, including hospitalizations and deaths, and the agency rarely investigated.
Again, you know, this is a good article.
It's good to know this about what's going on with India and what's going on with our own FDA.
but W&D will not apply these analogies to what's going on with the Trump shots that are still
out there as well.
Indian pharmaceutical multinationals have also embedded themselves into America.
Most of them have anchored their operations in New Jersey, Maryland, and North Carolina.
These firms exert influence through direct federal lobbying and powerful trade groups,
such as the Association for Accessible Medicines, most of the board-searche
seats on that group, 13 out of 23, more than half, are held by executives of companies that
are owned or controlled by Indian parent corporations. These same Indian firms supply roughly
40 to 50 percent of the U.S. generic drug market. Companies repeatedly cited for safety
violations, contamination, and FDA compliance abroad are shaping U.S. generic drug policy
here domestically. Again, America has been taken over from the outside. One country after the
other, where you're talking about Israel, Argentina, or India, they just have their way because
our own government is so corrupt. And so they end this article from W&D. That's an important note
from W&D. Key members of Congress, as well as the Trump administration itself, including the
office of the vice president and the Department of Justice, are all
well-aware and taking serious note of this investigative report by Amanda Bardo-Lata's
groundbreaking reporting on this.
But I just have to say that you're not going to see them do anything, and we can
understand that with certainty.
You're going to have RFK Jr.
Just as a sycophant to Trump, he's not going to do anything about this stuff.
You didn't believe that you were going to get to heaven.
You're doing God's work here.
You've made peace in the Middle East, which.
is beyond anybody's imagination.
It is imaginary piece.
Yes, and you're doing this while the government is locked down.
So many different contenders for sycophant of the year.
The administration has not stopped working for the American people.
And that's because of your energy, your commitment, your vision,
and I want to thank you for allowing me to be part of it.
Yeah, right.
Okay, well, let's take a quick break here and read some of the comments here.
That's right.
Knights of the Storm, gifted a sub on kick.
Thank you very much.
Thank you, Jason.
Of course, that is Jason Barker.
Yes.
Real Jason Barker has, from Nights of the Storm says the fake food thing is no different
than what Big Pharma does.
Get rid of non-patentable products so they can sell what they have patented.
Yeah.
Yeah.
That's right.
BMI Valentine, Willie Bergdorfer, who discovered, quote unquote, lime disease, was
putting various pathogens and ticks to see what ones could survive and can coexist together.
Isn't that funny?
It just so happened to find it.
Yeah.
Now they got the Alpha Gal.
Alpha Gal.
How could this happen?
They name that Alpha Gal.
It's, uh, yeah.
Now we have the Alpha Generation, right?
Yep.
Yeah.
So now we're on to Generation.
So then we can use Alpha Gal so that people can't eat meat.
They can all just have soy and they can all be got them.
Oh boy.
Soy boys.
Oh boy.
I love my soul.
Yeah, no more alpha males.
Real Jason Barker responding to guard Goldsmith.
They're doing the same with energy.
Don't have a wood burning stove.
Buy my subsidized solar.
It's all planned obsolescence for the money.
Yeah.
Yeah, it's true.
Solar does have sort of half-life where it gets weaker as you go.
It isn't going to last all that long.
And then if it's a grid-down scenario, it might be hard to get replacements for that.
Yeah.
Yeah.
Alien Poop Evolution says Kudzu is edible.
Lots of estrogen in it.
Huh.
Interesting factoid.
I didn't know about estrogen.
New Kudzu is edible.
We had Kudzu root.
It's actually pretty good.
We found a recipe for that.
Remember mom made that it was like a...
I remember she used to make a leek pie.
Yeah, it was leek pie.
And it was delicious.
And actually it had the Kudzu route from like over in Nashville is where we got it.
Well, North Carolina is covered in Kudzu.
That's right.
North Carolina Mountains.
It was like, yeah, I finally got a product for it.
Yeah, just the root, but I don't know what to do with the leaves.
The root of the issue.
Saw something about people making paper out of Kudzu
and how if you have land that has Kudzu on it,
you can use it for stuff, but you can't plant it anywhere legally in the U.S.
Interesting.
Real Jason Barker.
Carbon taxes will push out legacy forms of energy
so they can sell you their alternatives.
Don't frag me, bro.
Chittin is in the insect meat.
Mm-hmm, mm-hmm.
Everything is a lie, damn it.
And, of course, that's Audi M-R-R's new broadcast.
So we won't have chitlins like Granny Dead, but we'll have chitin.
I'm good on both of those.
I'll pass.
No, thank you.
Yeah.
None for me, thanks, but I will take the collard greens.
The reason that GMO food is not labeled as such is because of the Dark Act,
which Obama signed into law 2014,
manufacturers no longer required to label their Franken food as GMO.
Yeah, and a big part of that was,
the glyphosite stuff because again you know that was done to turn people into renters of seed you
have to buy it every year and only buy it from Monsanto and they had found that in certain communities
the farmers were educated they knew what was happening and there was a drift of glyphosate onto their
property it would poison things and then you know poison their land they couldn't grow it wasn't
just a matter of it being non-GMO but actually poison it so that you couldn't grow
anything on it unless it was Monsanto's seed.
And so even though they would go into some of these communities, and one of them, they spent
$8 million on ads when somebody came up with a bill to ban the use of glyphosate in that
area.
And it's even worse with the Canba.
DeCamba is notorious for DeCamba drift.
It sounds like a Brazilian dance, but it's not, it's a poison.
And so they were losing one after the other because when they would put the,
bills up, the farmers were informed about what was happening, and they couldn't buy their way in
with all this advertising. So they went to Washington, and they said, we can't have a patchwork
of different regulations throughout the country. Well, why not? That's called federalism. That's what
our system is built on. And so they got the Obama administration to shut it down from Washington
and say, we're going to have one set of rules, which will be that there are no rules. And so
they set that up. And that was the so-called Dark Act. Before we run out of time, though,
I want to cover this a little bit.
You know, we had Trump is absolutely dead set on coming after Thomas Massey.
And over the weekend, he posted another anti-Massie rant on social media.
And he is promoting a candidate to run against him who ran and failed in a Senate race,
Ed Galrine, I guess.
He's a former Navy SEAL.
And they have been sitting there with a lot of money from three billionaires who are Zionists,
who are against Thomas Massey, who is against more money for foreign aid.
He's against wars and things like that.
So you've got people like Miriam Adelson and Paul Singer and John Paulson.
Together they put in $2 million to fund a fund that was going to run against Massey.
and doesn't say everything about our politics.
They didn't even have a candidate.
They're just putting a pool of money there and going looking for a candidate.
So now this Navy seal has been begging for it, according to Thomas Massey,
and it looks like he's the chosen person to get this inheritance from these Israeli billionaires
who don't live in Kentucky.
They don't even live in the United States.
At least Amiriam Madison doesn't.
I don't know if we're Singer and Paul.
live. So the drive to end Massey's career has plenty of money, but it's lacking something more
important. A candidate, says Zero Hedge. So enter this guy who has been out there running for office.
And you know that this guy is a Navy SEAL. He's probably going to be in the mold of a big military
industrial complex supporter. He's going to want wars everywhere. And guess what? He does.
And so Thomas Massey did some research. He said, well, after having been rejected by
Every elected official in the 4th District, Trump's consultants clearly push the panic button
with their choice of a failed candidate and an establishment hack, Ed Garlrine.
He said, Ed's been begging them to pick him for over three months now.
And so Trump asked dual citizen Miriam Adelson, a billionaire running nasty ads against me in Kentucky,
who do you love more?
The United States or Israel?
She refused to answer him.
He says, that might mean that she loves Israel.
more. This isn't AI in Israel video, said Thomas Massey. And of course, the reality is we could
ask the same question to Trump. Who do you love more? America or Israel. I think we already know
the answer to that. But then Massey did some more research. He said, well, lookie here. This hack
that Trump just endorsed to run against me is a Lindsey Graham donor. And so to put the
hypocrisy in sharp focus, says Zero Hedge, Trump calls Massey,
a rhino a republican in name only yet trump's chosen candidate has failed the quintessential rhino test
uh and massy's dances how have the ones that have angered trump they put him in this zero hedge
article opposing the two trillion dollar covid-19 relief package in 2020 that was the first time
Trump said we're going to primary this guy out he failed in doing that and so what do you think
How do you think Mary Madelson went about looking for this?
Rich, older woman looking for agreeable goy toy.
Putting that in the personal's there.
Anyways, you're going to degrade yourself?
No, remember, they have their badges with the QR code on them.
That's right.
They just scan them like going to the supermarket.
They've got them all lined up.
Well, before we run out of time, I want to show this.
this is um uh it's not just that uh this guy donated to lindsay graham trump donated to linds
first in person fundraiser of the 2026 cycle will be for lindsay graham and of course this is tweeted
out by i saw this from uh shannon joy she said i told you so about all this stuff but think about
who is the rhino is it trump who is supporting lindsay graham the quintessential rhino and uh again
putting in this guy who is just another clone of Lindsey Graham, who is all about the military
industrial complex.
And so what is it that Trump has a problem with?
Well, he doesn't like that Massey has voted against a $2 trillion COVID quote-unquote relief
package.
That was a universal basic income training package.
He also pushed back against the big beautiful bill that would add $4 trillion worth of
debt to the government here. He's been against wars. He's against Israel's war on Iran. And he's
also organized a discharge petition that on looking at the House going back into session will
force a floor vote on declassifying files related to Jeffrey Epstein. And again, Trump doesn't
even realize where he is on this. Look at this is somebody doing a projection of Trump and
the Epstein files playing the X-Files.
Trump doesn't realize just how bad this whole Epstein thing is.
The royal family is starting to come around to it as they're pushing away anybody that was
involved in it.
This is going to be the ultimate rhino albatross around Trump's neck.
But again, the real rhino is this New York City Democrat called Donald Trump.
He is the rhino.
He has pushed against Thomas Massey for doing the thing.
that everybody wanted Trump to do, that candidate Trump said he was for, but that President Trump
always opposes. That's it for today's show. Thank you for joining us.
The Common Man. They created Common Core to Dumb Down Our Children.
They created common past to track and control us.
Their commons project, to make sure the commoners own nothing and the communist future.
They see the common man as simple, unsophisticated, ordinary.
But each of us has worth and dignity created in the image of God.
That is what we have in common.
That is what they want to take away.
Their most powerful weapons are isolation, deception,
intimidation. They desire to know everything about us while they hide everything from us.
It's time to turn that around and expose what they want to hide.
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