The Trish Regan Show - 🚨Kathy Hochul & Letitia James IGNITE POLICE REVOLT — 15 Sheriffs SUE Over ICE Ban!

Episode Date: August 30, 2026

Kathy Hochul and Letitia James ignite a full-blown police revolt after blocking New York law enforcement from helping ICE—now 15 sheriffs are suing! Plus, Treasury Secretary Scott Bessent gives Elizabeth Warren a brutal “Currency Markets for Dummies” tutorial… AOC and a top NYC socialist are busted in an explosive DSA hypocrisy scandal… And breaking now: President Trump’s “Donroe Doctrine” just secured a foothold in Venezuela’s oil-rich Orinoco region as Caracas moves toward a stunning break with OPEC. It’s a legacy-defining moment. Don’t miss today’s Trish Regan Show! sponsors: ● Make laundry day the best day of the week! Get 20% off your entire order @LaundrySauce with code REGAN at https://laundrysauce.com/REGAN  #laundrysaucepod#Politics #TrishReganShow #Venezuela #currencymarkets Learn more about your ad choices. Visit megaphone.fm/adchoices

Two and five Canadians will hear the words, you have cancer. That's why every step and dollar raised matters. On September 19th, join thousands in Toronto for the Princess Margaret Cancer Foundation Walk. Challenge yourself, friends, and family to walk 21 kilometers in support of life-saving research. Together, we can carry the fire and help create a world free from the fear of cancer. Register today at pmcfwalk.ca.ca. We've got a lot of news. I mean, for starters, the president's buying up Venezuela.

We're going to have oil coming out the wazoo. Great stuff, right? And then you've got the Treasury Secretary making all kinds of fun of Elizabeth Warren. You know, that one kind of shocked me because she started like poking at him, asking questions about the quote-unquote loan he was giving to Japan, which actually isn't a loan because, well, she clearly doesn't know anything about currency markets. and she's talking to like the kingpin of currency markets. I got to tell you all about that.

It's kind of funny. He wants her to get a book called currency markets for dummies. Anyway, we begin on Kathy Hockel and Letitia James. Kathy Hockel and Letitia James. Wow. I mean, these sheriffs are pretty fed up with Kathy and Letitia simultaneously. Kathy and Letitia are getting sued by 15 sheriffs in the state of New York because they're telling these guys,

they're not allowed to team up with ICE on anything anymore. No, no, no, that's against the law. You see, here's the headline New York Sheriff's Sue over Hockel's anti-ice law that bans government cooperation. And she's like, oh, yeah, whatever. Here she is. Actually, on Tuesday, as she unveiled all this, and now they're coming back and saying, yeah, no way. It's not going to work like that. Not to mention, I'm just going to point out this seems to be in violation of federal law. Anyway, here's Kathy. ICE can no longer use locally funded police. to carry out the Trump administration's aggressive immigration agenda.

Local cops cannot be ordered to aid an event, an out-of-control agency. Oh, out-of-control agency, and she doesn't want them helping. She's accusing them of going out and rounding up people on the street, which they're saying, no, that's not actually what's going on at all. What's going on is that we have jurisdiction or the ability or wherewithal to work with ICE when they have someone that they know, in other words, if you commit a crime and you wind up in one in their jails, one in the county jails, wherever it is in the state of New York,

and you are on an ICE list, they can share that information, and they can actually say, hey, we're going to turn you over to ice, but Kathy doesn't want them doing that. I mean, we've been through this before. Remember that was a big problem? Tom Holman was really upset about that. Eric Adams was upset about that in the city of New York. and now Kathy's trying to make it illegal for you to actually work with ICE once they're in the prisons.

And, you know, the sheriffs don't appreciate this very much because they see her as kind of overstepping her role, not to mention being in violation of what has already been allowed for under federal law, because Congress put this in, this particular law that allows for this coordination back in like 1996 or something. And so now there's a countersuit going on. So they sued her. And then Tishy Baby never met a lawsuit. She doesn't want to engage in. Tishy Baby and Hockel came back and they said, well, we're going to sue you guys.

I mean, come on. Hockel and James both announced a countersuit accusing him of breaking that law. Hockel claims his county isn't serious about New Yorker's safety. James meantime says the Rennislaw County Sheriff's Office has been given every opportunity to follow the law. yet has chosen not to. My office is suing to enforce New York's laws and ensure that local law enforcement agencies remain focused on their most fundamental responsibility,

keeping New Yorkers safe. Okay. You know, if you were going to keep them safe, I'm going to go out on a limb and say, maybe you want to get rid of the criminals that are already in the jails that are here illegally. I mean, just, you know, like, so we can keep our priorities straight.

I mean, if it's so important to keep everybody safe, of course, as they're saying. Anyway, there's this something that was put into the federal law. It's something called the 287 program. It was signed in 1996, as I was mentioning. And basically, it allows for ICE to train certain local law enforcement officers and allows for them to perform specific immigration-related functions. So, in other words, if you're arrested for a crime and you go into the slammer there in the county, the sheriff can say, yep, okay, we are in.

now going to basically work with ICE to get you out of our jail and into the hands of the feds and you can probably get deported. But her administration is saying, no, no, no, this is some form of civil immigration enforcement. I mean, they're like, no, it's not civil because they're already in the jail because they've already committed a crime. Here's the county sheriff in Rensler County. He was on earlier today on Fox with Julie Benderson. He was explaining the problems that they're having. He's one of the guys that's suing. This law is really dangerous, Julie. It was signed into law in May, and then it just became effective on Tuesday. What the law does is it limits our cooperation with 287G as far as entering

in the contracts. It also allows, it takes away the ability for a sheriff to house in ICE inmates, and that it also has created the Office of Immigrant Trust. And we find that extremely troubling that the governor and the attorney general have created an agency within the attorney general's office to investigate sheriffs just to make sure they're in compliance with the law. Whoa. Whoa. Whoa. It's really sort of amazing because I'm looking at Kathy and I'm looking at Tish and it's like, guys, you have so much TDS. You hate him so much that even when there's an opportunity to do the right thing. And even though you've historically been doing this, you are now backing away from that. And you're saying, and this is a hypocrisy of it all, you're saying

that you're doing it in the name of safety. If you want to keep your streets safe, I would suggest that the criminals that are in your county jails, you actually deport with the help of ICE. So the deportation thing is important. The other thing is like, guess what? It costs money to keep them there. And so you're, this is an interesting angle. They should look at this. I mean, taxpayers should be really mad because now you as a New York taxpayer are having to keep these people that are not even supposed to be in the country in the first place and have committed a crime.

You're going to keep them in the jail because Kathy said there's going to be no handing over of any of them. You know, this has been going on and on and on and on and then the law just became a thing, as you know, this week. and it's really kind of concerning. The other thing you've got to think about here is federal versus state law. I mean, who's on first, right?

If you got Congress creating the law, as they did in 1996, 287G, and they're saying, you got to work with ICE or you can work with ICE, federal law allows for and authorizes ICE to enter these facilities and enter these agreements and train local law enforcement

so that they can turn these people over, and now New York is passing a state, law saying, don't you dare? And you're going to get fired and worse, right? If you dare to work with ICE, well, it seems to me that if you go back to the supremacy clause, right, in the Constitution, that actually the federal government would have jurisdiction over this one. And I think the sheriffs have an argument with that. And then the other argument they have is, hey, hang on, we're just doing our job. And if we voluntarily want to work in cooperation with federal law enforcement, then we should be able to.

And she's saying, nope, nope, nope, nope, nope, no, no, no. So this is going to be a big one for the Trump Justice Department. This is going to be basically a look at sort of, again, that whole state versus federal government. And look, you know, we've seen it before. And we've certainly seen governors before in history. You know, back to the 60s, right? George Wallace and University of Alabama, if you would, you know, they're trying to stand at the door and stop federal law enforcement from allowing for students,

to be integrated in the school. I mean, a different kind of story, but still relevant in that it is once again the state thinking that it calls the shots when you have the feds in charge of one immigration and two, with a law on the books, allowing for this ICE integration

into these jails locally. So I just got to say, can a governor use state power to override the feds? I don't think so. I don't think so. think that's possible. I mean, I know that she doesn't necessarily have to engage in and commit resources to helping ICE. She can say, well, that's your jurisdiction. But if somebody is in

the jail already and you have a law and a carve-out that allows for ICE to work with these states, and you have sheriffs in these various counties, I mean, there's 15 of them suing her, that want to work with ice, then what is going on? I mean, really and truly, what is going on? It's all messed up big time. I want to mention, you know, I just got back from a very long trip, which means I have a lot of laundry. And I hate doing laundry, okay? Like, I really, really hate it. So this company, this actually made it fun. I'm like, you know, if you can make my laundry fun, I'm interested. It's called laundry sauce. You can get 20% off if you get a laundry sauce.com forward slash

Regan, my last name, R E, G-A-N. What's really neat is like all this stuff, you know, you kind of feel like a little bit of a chemist, right? You're like mixing it in and have all these different sense. And I don't know if you know this about me.

You know that I have amazing hearing and I actually have a tremendous sense of smell. I can't see it all. Okay, I have to wear contacts or glasses. I can't see, but my sight and my smell is pretty good. So like I care how my clothes smell and I care that they smell really great and this stuff is really great. They have a whole bunch of different. I'll just tell you, I like the Italian Bergamont

because, you know, I just got back from Italy, but they have Brazilian vanilla, they have Australian sandalwood, all kinds of really wonderful. Great sense. Great sense. So go check it out. I mean, you get 20% off the entire order. If you go to Laundrysauce.com forward slash Regan, R-E-G-A-N, make your laundry day fun. That's all I can say. I was like, you know what? I'm not looking forward to doing any of this. And suddenly I am.

What do you know? Elizabeth Warren getting positively destroyed today. I mean, this was just embarrassing. Embarrassing. She doesn't know anything about markets, clearly. So much so that Scott Besson, our Treasury Secretary, who knows a lot about markets, certainly currency markets, is trying to offer currency markets for dummies book.

Senator Warren, a gift for it. What is this, Mr. Bessent? Foreign exchange for dummies. You need it. This is absurd. I understand economics. Clearly not, Senator. Clearly. It was a little meme that's going around and rightly so. This meme is going around because clearly she doesn't know anything. I mean, she's the lady that stands up there, right, all the time and is trying to go on and on about how she's protecting the American consumer and this and that and acting all high and mighty as though she's some, you know, great whiz on the economy. And I got to tell you, she's not. She's just not. She's not. He was brutal to her. So here's the letter, okay, that Scott Besson sent out today. And I'm going to just

read it to you, or at least parts of it to you, because it's quite funny. Dear Senator Warren, I am in receipt of your August 13th letter, which unfortunately reveals that you know even less about foreign exchange markets than you do about banking. Terrifyingly, the opening paragraph is wrong about where the money came, what the transaction was, and whether there was even a borrower. Two and five Canadians will hear the words, you have cancer. That's why every step and dollar raised matters. On September 19th, join thousands in Toronto for the Princess Margaret Cancer Foundation walk. Challenge yourself, friends, and family to walk 21 kilometers in support of life-saving research.

Together, we can carry the fire and help create a world free. from the fear of cancer. Register today at pmcf walk.ca.ca. What is equally shocking, but not surprising, is it not a single member of your media mob had a rudimentary enough level of financial market literacy to spot your remedial error. So here's the thing. She's all upset because he did a deal with Japan and basically in this credit swap deal, he said, you know what, your currency, it's really struggling. The yen has been struggling big time, right? So he said, I'm going to go in there, and I'm going to help you out by we, the US of A, the Treasury Department, we're going to go sell some euros, and with those euros, we're going to go and we're going to go buy Japanese

yen. Okay? And then we're going to hold the yen. So that's exactly what he did. He sold some euros and he bought some yen, which means he's not lending anybody any money. I mean, she was all worked up. How dare you be giving this big loan to Japan? And he's like, what loan? It was a currency swap. You idiot. He went on to say, Treasury exchanged existing exchange stabilization fund foreign currency assets for yen. That's exactly what I was just saying, right? You know, we, as a Treasury Department, we have all kinds of currencies that we hold. And we decided we're going to lose some of the euros, we're going to buy some yen. And that helps Japan because it helps support their currency. Now, what is the risk? She's like, I can't believe you lent that money. Are we ever going to

get that money back? We didn't lend anything. It's still our money. That's what's so funny about this. I could not believe. Like, here's the thing. Like, Google it. Okay, Elizabeth Warren and your staff, like, why would you assume it was a bailout? Why would you assume that we were, were just extending them big credit. And if you wanted to ask the right questions, the right questions would have been things like, gee, are you that confident in the Japanese yen? Because you just bought a lot of it. And I'm worried the Japanese yen might go down. And I'm worried, you know, you're really screwed up because the euro's going to go up. That would have been a logical question, okay? But she just proved her idiocy. Idiocy. And like, here's the other thing. He's also making the point that if the Japanese yen went down, down, down, down, down, down, it would actually be bad for us. Why? Because

then they would be in some kind of crunch, and they might look to sell their treasuries. And if they sell U.S. treasuries, guess what? Our interest rates go even higher. So he's thinking ahead. Elizabeth Warren, I don't know what she's thinking. I don't think she can do a simple Google search. I think she's not only not smart. She's extraordinarily arrogant because she just assumes that she knows all about currency markets. And like, this is basic stuff, okay? This is really, really, really basic stuff. And, you know, the media, they just, they take her side. They assume it's a bailout.

Of course they do. I mean, think about what, that was one of his lines, too. He said, you know even less about foreign exchange markets than you do about banking. I love that. And then he hit the media. He said, not a single member of your media mob has a rudimentary enough level of financial market literacy to spot your remedial error. of course he explained there was no credit extended to japan japan owes treasury nothing there is therefore no risk

that japan will fail to pay a debt that does not exist i mean she's not right right what do you think i mean what's going on with her you couldn't even take two seconds to do a simple little search and then you know he really delivered it with i hope your next letter will demonstrate that you have learned the difference between a currency purchase and a swap or a loan, as you probably won't. But you heard his bit about the media, right? The media is clueless. They don't know. I mean, this happened recently with the Argentine bailout thing, quote unquote, bailout that wasn't a bailout because we made money on it, right? And the MSNBC reporter thought he had a, he thought he had the Treasury Secretary. I mean, he's forgotten that this guy took down the Bank of England. Oh, yeah. And then made a heck

of a lot of money shorting the yen. Like, he was the king of currency markets. and they say this to them. Amid this discussion of costs and prices and affordability. How does a $20 billion bailout of Argentina help Americans? You're the president's point person on that. Can you explain to those here who are feeling the pinch, including America's farmers, why the United States is helping out Argentina? Well, can you, do you know what a swap line is?

It's currency swap, yes. Yes, but what is that? You're the treasurer's secretary. Yes, but why would you call it a bailout? That is how... In most bailouts, you don't make money. The U.S. government made money. We used our financial balance sheet to stabilize the government, one of our great allies

in Latin America during an election. The president, they won in a landslide. The government's going to make money. And I would rather use peace through economic strength than have to be shooting at narco boats coming off shore. if the government collapsed. We have been... Yeah, I mean, he's, you know, he's just playing on a different level.

Clearly, a whole different level in the MSNBC reporter. And clearly, a whole different level than Elizabeth Warren. And Elizabeth Warren's flunkies that she surrounds herself with that even allowed for her to say these things and to ask these idiotic questions. It's unbelievable, really and truly. But, you know, Warren and Bessent, they have a bit of a history. Remember when she started grilling him? on Capitol Hill, and he got her good.

The president also made a joke about you that I won't repeat, Senator Warren. That was the easy one. He said he had reservations. If this was a joke, why not just say so? It was a joke. And he made a joke about you, too, Senator Warren. Yes, he did. Got a lot of laughs.

Got a lot of laughs. Yeah. So. You know what joke that was. You know what joke that was. And I just want to thank you because, you know, very, very special people. You were here long before any of us were here, although we have a representative in Congress who they say was here a long time ago. They call her Pocahontas.

But you know what? I like you. There you go. That was a joke. Unfortunately, Elizabeth Warren's demand to understand why we were bailing out and lending money. It was not bailing out, lending money to Japan. That was not a joke. She was dead serious. And she really exposed herself. I mean, he, I mean, this was just, it was perfect.

It was absolutely perfect. And he's right. At the end, he said, the American people deserve oversight grounded in facts rather than slogans. Although I am not holding my breath, I hope your next letter. This is just, we'll demonstrate that you have learned the difference between a currency purchase. Again, we're buying yen and a swap or a loan.

We're not lending them dollars. We are selling some euros to buy some yen. And she has no clue what any of this. And this woman is a senator. And this woman is out there. I am the financial. protector of Americans. I mean, she doesn't understand financial markets at all. And again, just to reiterate, say what you want about Besson, that guy is unrivaled in terms of his

knowledge of how financial markets, especially currency markets, internationally worked. He, along with Stan Chockemiller, along with, I think it was just Stan, Stan Chockemiller, along with, I think was just standing and, well, they worked for Soros at the time. They basically shorted the British pound to the point where they broke the British bank, okay? And they made a ton of money. It was like a billion dollars that they made on this trade and it's very famous. He's a currency trader, for goodness sakes, Lizzie. Get your facts right before you go out on these limbs because you're just embarrassing yourself really, really badly. Speaking of these. These credit lines and credit swaps. Pakistan is out there demanding, demanding, demanding, demanding.

We talked a little bit about this yesterday, but it's relevant in that we're talking about the president and, oh, forgive me, we're talking about the Treasury Secretary. Oh, is that like, was that like a Freudian slip? You know, we talked about 2028 just yesterday, and we were talking about Marco and we were talking about J.D. Maybe we need to be talking about Besson, in all seriousness. I mean, like, he is one smart dude. And if you want to use financial weaponry, right, to kind of make your place in the world, he's the guy to do it. Anyway, I digress.

Pakistan's getting kind of greedy here. Pakistan wants one of these credit swap facilities to the tune of $10 billion. So they want more like Argentina style for us to be able to lend them money from time to time and to hopefully make a profit. going to lend it unless we would. And they want to have a $10 billion credit facility. They've come to Washington. They're meeting with treasury officials and they want this and they want it bad and they want it now and they're saying that they expect a reply like next week. They're expecting a reply very, very soon. And I guess they think they should get this because they've been negotiating on our behalf

with Iran. They've been like the middleman right in between. But Yeah, they haven't really exactly done a very good job, if I'm going to be perfectly honest, because, sure, we're getting, we're getting boats through the Strait of Hormuz now, and that's been confirmed, but, you know, let's just be perfectly honest here. It's not like it's going that well. No, no, no, not that well. And yet you've got Pakistan saying, we want a $10 billion facility. And as I said, it would be closer to Argentina.

This wouldn't be something like we did, which we definitely probably don't want to buy their current. because I don't have a whole lot of faith that's necessarily going to be that supported. They nearly defaulted not too long ago. So they want to be able to basically access, right, the benefits of the U.S. I think they have one actually with China right now. So then I guess would they give that up

and they'd take ours? But here's the problem. If you're going to do that, you're going to have to give up something, right, Pakistan? Because the UAE, we gave them a swap facility and the UAE in exchange did a couple things. They stopped all trade with Iran, and they bailed on OPEC. But, um-bah, right?

Like, that's what I'm talking about, baby. Financial weaponry. And it's good, because there's a lot of reasons for us to be working with UAE. And we want friends over there, right? And we want them dependent on us and not on China. So that made all the sense in the world. And they're very good credit risks. started my career, by the way, some of you know this, some of you don't, but I started on the

sovereign debt market desk at Goldman Sachs many, many years ago, and we were trading sovereign debt, so basically fixed income bonds, right, like the equivalent of our treasury market, for all these various countries. And so you think about what is the credit risk with something like Pakistan. It's obviously more of a credit risk than the UAE. The UAE has deep pockets. I'm not so sure about Pakistan. So Pakistan's like, okay, we want this $10 billion credit facility, but we still want to be able to trade with Iran. And they're also coming out and say, well, you know,

you guys are calling off and that's Bessent this week saying, no more, no more trade, all our friends, you're going to be friends with us. You're going to trade with us. But you're not going to trade with Iran. And if you're got trading with Iran, then, you know, we're going to give you a chance here to knock it off. but if you don't knock it off, then there's going to be A.2L to pay,

and we're not going to trade with you anymore, right? And this is important because these sanctions have to have teeth. And so Pakistan, in the face of this, comes back and says, they're not obliged to comply with unilateral sanctions on Iran unless they are imposed by the UN, the United Nations, UN is the only one in charge, the UN who has a... Two and five Canadians will hear the words, you have cancer. That's why every step and dollar raised matters.

On September 19th, join thousands in Toronto for the Princess Margaret Cancer Foundation Walk. Challenge yourself, friends, and family to walk 21 kilometers in support of life-saving research. Together, we can carry the fire and help create a world free from the fear of cancer. Register today at pmcfwalk.ca.ca. At Volvo, safety is not a feature. It's our purpose. Rigorous crash testing. Decades of learning from real accidents.

Innovations that help prevent accidents before they happen and help protect you when they occur. Going above and beyond industry standards. A vision of zero collisions. Volvo's legacy revolves around you because safety is about helping to keep you and everyone around you safe for life. Learn more at VolvoCars.ca slash safety. Well, some very sketchy things about it, shall we say, right?

So, no, that's not going to... Listen, it's very simple. You can choose not to comply, and we can choose not to trade with you, right? And you kind of need us trading with you, don't you, Pakistan? I think you probably need us more than you need, say, Iran. Iran's got some big trading partners, though. Take a look at that list. We've been looking at this one all week.

I think it's really rather interesting to see this. You look at these trade partners, and we're just going to go down that list, and one by one, we're going to get rid of them, really. I mean, so Pakistan, I think it's probably not smart. You're trading right now $3 billion a year with Iran. I know you want to increase it to somewhere around 10. I think we're probably a little more important, just a little bit more important. just a little bit more important, right?

We better be. And so if you want this loan facility to the tune of $10 billion, then I don't think you need to be trading with Iran. In terms of what we do trade with Pakistan, this is interesting. They are exporting, it looks like, to the U.S., 4.6 billion dollars. This would make us the largest market for Pakistan. So we are, just like with Canada, we are their biggest client. So they sell more to us than anyone else in the world.

And that's kind of, you know, it's like these people are delusional. I really do think that like some of them are truly delusional because they don't seem to recognize where the bread is buttered. so to speak. And the U.S. is buttering everyone's bread like everyone, right? Like, you know, Canada, good luck with it. I mean, we buy 16 times as many, as much dollar-wise worth of goods from Canada than China does. In fact, if you take the entire world, we buy 2.3 times as many goods from Canada. And yet Canada is pulling what Canada is pulling. I mean, for political reasons, I suspect. They just want to be like, oh, we hate Trump. This TDS thing is really kind of a problem.

But, you know, you've got Pakistan doing this Iran deal, and I guess they want to get rewarded for it for some reason. And, you know, I don't discount that or begrudge them that. They should get some kind of preferential treatment. I would like to see it to the finish line. We really haven't gotten there. But again, I want to play Operation Economic Outcast. In other words, we are going to isolate Iran. And if you're not on board with isolating Iran, then it's not really going to work for you to trade with us. Iran now faces a very clear choice with only two paths before them. Complete global isolation and a subsistence to economy or a path back to normalcy with an opportunity to rejoin the global economy. Today we are launching Operation Economic Outcasts,

to foreclose every other option available to the Iranian regime. Treasury has mapped every node, every facilitator, and every network that Iran has used to smuggle oil and evade sanctions. Beginning today, the actions of Treasury and other agencies will tighten the noose and block every potential source of revenue that funds the IRGC and the evil Iranian regime. we are enforcing a zero leakage approach. There will be no minimal breathing space for the regime to rebuild its capacity to inflict terror against America and the world.

Nice, all right? So you understand where this is going. He's making it very clear. Again, you got to pick a side. And Pakistan, if you want to be on Iran's side, okay, fine. But I will reiterate, we are your number one biggest. customer, you export more to us than almost the entire world. Yeah. So I wouldn't, I wouldn't try and play this hand because there's no hand to play. I will remind you. And you know what? I'm sure,

I'm sure we would be happy to extend you a credit facility, provided that you don't trade with Iran. Okay? You know, there's like some basics here. Some basics that these folks need to learn. Iran does have quite a few trading partners there. Take a look there, a number of them. And we're just going to go down that list and every single one, hey, India, you're next up, right? Because India is trading about a billion dollars with them. We've got some of the Europeans as well. We've talked about that. Believe it or not, Germany, check that out. They're number nine. That actually, I should point out, in all fairness, that is this 2025 number and they are continuing to trade right now. They shouldn't be trading anything if you

ask me, but it's not probably as big a number as that. And so, you know, look, you got to, you got to hear this one out in that you are dependent on us. And I know you may maybe don't want to be, but it's just the reality of the world. You're dependent on us. Financially, we are your number one customer. So I don't think there's much of a hand for them to play here. Venezuela. Big news just breaking today. Donald Trump really cementing his legacy. I mean, Trump strikes oil, big time. U.S. has taken a big stake in Venezuela. How about this? This deal just broke like moments before I came to air, and it's a big, big deal. Okay? So here he is on true social, very proud of it. And he should be. I'm just going to say this right now. I've

felt very strongly for some time, sometime that we need to shore up this hemisphere. And when you are right next door, you know, less than a three-hour flight from Miami, to the largest proven oil reserves in the world, it's the Orinoka region. I've been there. It's incredible. I mean, the stuff is really tar-like and you need good technology in American companies that can thin it out. But I'm telling you, you got a lot of it in the ground, a lot of it. It is bigger than Saudi Arabia.

Okay? So why would you be allowing China to be down there? Why would you allow the Russians or the Iranians? And everybody was hanging out down there. I mean, just from a security standpoint, I don't think so. And then from an economic standpoint, listen, this is good. This is good because the Chinese weren't helping the people, but we will be. In other words, we'll be employing people.

We will have a big, big stake in that country's future. Here he is writing, breaking news. The United States of America has just entered into an agreement with the country of Venezuela on the biggest oil deal in the world. History. It is because it's the biggest source of oil in the world at my direction, Secretary of State Marco Rubio and Secretary of War Pete Haguez, working closely with highly respected interim president of Venezuela, Delci Rodriguez. I don't think she has a choice. She's actually, she's lovely. By the way, I've spoken to her numerous times, and she came on my show a couple times back at Fox, and I hear only good things about how she is as a

down there in the country, and hopefully, you know, she's able to see this through and make sure that there is a thriving business there because the people need it. And he goes on to say, through a partnership with private business, have secured majority U.S. control of proven oil reserves in Venezuela at no cost to the American taxpayer. This historic transaction more than doubles America's oil reserves greatly increases our oil supply and will survive. substantially lower gas prices for Americans long into the future. He's right. While helping to continue to set Venezuela on a course towards tremendous success and great prosperity,

this transaction will greatly strengthen the already growing relationship between Venezuela and the United States. Thank you for your attention to this groundbreaking matter. Make America great again, President Donald J. Trump. It is huge, huge news. I mean, I kind of... that didn't understand why we couldn't get this done earlier. I'm just going to say, right? Like, I guess it was because Maduro. Maduro clearly wanted to work with the Russians and the Chinese more than he wanted to work with us. When I had talked to Delci, Rodriguez, I asked her about

this point. She came on my show, and she really, she didn't have a good spiel because she just kept going on and on and on and on and on about socialism, right? And I'm like, I'm like, I'm not working out so well for you? And then I'm like, so you really want to be doing business with the Russians? and she was like, no, we'll do business with anyone who can do business with us. I think they were so squeezed that because of the sanctions that we had put on them as well, that they really didn't have any other opportunities. Don't forget, if you go back in time to Chavez, he kicked all the American companies out. Okay, so the first thing he did was he stacked the court with all his buddies,

and he just kept putting more and more and more people, right? He expanded the court, the Supreme Court, so then the place became totally lawless. and he had all these American oil companies that were doing business there and some European companies as well, like Total was there from France. And he said, bye-bye, you know, adios. They all had to pack up and leave. And he confiscated those assets. And then they just kind of sat there because he had all these guys as his oil ministers

and nobody knew two bits about how to run an oil company. You know, you get these communists running around trying to run an oil company. Good luck. So what happened? none of the oil came out of the ground. That's all. And so then they brought in the Chinese and the Russians and everybody's like trying to get the oil out of the ground. Nobody could do it. Anyway, we can. We have the technology and things are happening. This was first report a few hours, well, earlier this morning, I should say, when there was some talk and chatter at Axios that basically we were about to strike oil,

we're about to get that deal. And then I can tell you later in the day, it came out, and this is independent of what the administration is doing. Chevron is completing its deal in Venezuela to migrate, expand oil projects. Sources say that's supposed to be a very, very big deal. So this is overall, I'm just going to tell you, it's massive. And it's really important for our future, for our kids' future, for their kids' future, because you're talking about, again,

the largest source of oil in the world. You thought Saudi Arabia had it? No, no, no, no, no. It's right here in the Western Hemisphere, two and a half hours from Miami in Venezuela. So some people would say to me, especially when Biden was in office, and it looked like maybe there were some negotiating room,

and they were like, I was positive on it. I'm like, sure, you know what? Whatever it takes, like find a way to make things work, would you? Get the Chinese out. It's our backyard, for goodness sakes, and they got oil. and they need technology. And they need help. They need money, right?

They need jobs. We can do it all. And now we own that. So this is huge for Donald Trump. It's huge for his legacy. It's huge for the country. Way to go. This is called Make America Great Again, okay?

Wonderful news. Meanwhile, OPEC is crashing out because we got another friend. Right? You saw what happened with the UAE? They were like, bye, OPEC. And now Venezuela is talking about saying, bye, buy, OPEC. So that's another story breaking today. Of course that's going to happen.

Of course, because basically, we sort of are going to be Venezuela's oil, right? You got Chevron down there, other American companies. You've got our interest. Oh, and that's going to be controlled by. I should point this out, the Pentagon's office of strategic capital. They're going to be overseeing all of that oil. So you've got the Pentagon overseeing the oil, the strategic capital office. You've got Chevron down there, very active, additional oil companies going in.

And, you know, this is what they were actually seeking. I want to just back up for a minute because we've talked a lot about, you know, why didn't we see more investment going in? And I think they were reluctant companies, American companies. They were a little bit scared. Like, how do we know that we're not going to see a repeat of Chavez all over again? And once Donald Trump did this deal and said, no, no, the U.S. is going to be there. and we're going to own some assets there, then it became a more comfortable environment.

Remember when he was joking about it being the 51st state? And I had one of my investor friends who actually has worked very heavily in terms of restructuring the debt in Venezuela. He came on the show and he was like, yeah, you know, bring it on 51st state. And he was kind of being tongue in cheek and kidding a little bit. But he said what's important is that people need to understand that there's a rule of law, that your property is not going to be confiscated and that there's recourse, et cetera. And so this is what Donald Trump is bringing to Venezuela by having that stake with the U.S. being there and the Pentagon being there alongside these other American companies being there.

It's just massive. I can't tell you how great this is. And I'll tell you, I've been saying this for years. I'm like a broken record. My husband's like, would you stop talking about Venezuela? I'm like, but there's so much oil. And then we wouldn't have to rely on the Middle East. Right?

It's right here at home. It makes so much sense. And I know that Marco knows that and thinks that. I also know Pete because, you know, we... Two in five Canadians will hear the words, you have cancer. That's why every step and dollar-raised matters. On September 19th, join thousands in Toronto for the Princess Margaret Cancer Foundation walk. Challenge yourself, friends, and family to walk 21 kilometers in support of life-saving research.

Together, we can carry the fire and help create a world free from the fear of cancer. Register today at pmcfwalk.ca.ca. Your playlist might get you through the workday, but have you ever wondered how your ancestors spent theirs? What work helped them build a life? How did they adapt as the world around them changed? With ancestry, you can search Select Historical Occupational Records for free for a limited time and discover the stories behind the jobs in your family tree.

You've got questions. We've got ancestors. Search free until August 31st. Visit ancestry.ca for details. Terms apply. We're colleagues at Fox together, and we talked about this from time to time, and he also is a big believer in that. I mean, who wouldn't? Right? It's kind of a no-brainer, especially right now. Anyway, what's also fascinating here is that Venezuela is basically, I suspect, bit by bit, going to be inching away from socialism. Because socialism never, ever, ever works. You know, all these socialists, like you saw,

with Chavez and Maduro and their energy minister cronies that couldn't get the oil out of the ground, they all turned to grifters, right? Nobody was actually doing their job or doing anything. They were all a bunch of grifters, and it reminds me, when I think about it, right? It reminds me about what we're seeing here in the U.S. with socialists like AOC.

Remember when she couldn't pay for her dress and she actually wound up with an infraction from the Ethics Committee as a result of that? And then you think about this new guy. I mean, they're all grifters. Move, those socialist grifters, they are getting caught. I'm telling you, caught big time. You know that guy in New York?

At state senate is an un-democratic institution. Gustavo Cardillo or something. He's got like one-and-half million dollar pad in Brooklyn that his parents pay for. Well, he's doing all these renovations and he didn't file for any permits. I mean, I'm not surprised. Really, I'm not surprised. Oh, in AOC, it turns out she's been stiffen the Democrat Socialists of America for the last seven, eight years. And she just finally paid her dues. I hope she paid the back dues. I hope she did. Anyway, here with more on all of it. My good friend Kent Strang from AFP, welcome back to the show. Great to be with you, Trish. How are you?

I'm good. I'm not surprised by any of this. This headline in the New York Post today, DSA Bosque, Gustavo Cordia's pricing New York City home hit with fine for $1.4 million renovations without permits. Kent, I don't think he likes permits any more than we do. This is too rich. I think it's pretty amazing that the Democratic Socialist and their manifesto, still on housing who claim that they want to have government control over housing, increase the

amount of government own housing, and have the government absolutely control every single thousand of housing rent freezes. He wants to stiff out on permits. Maybe he ought to come work with me and see if we ought to get rid of the permitting system that actually stops innovation, stops to the building of housing. And maybe we could work together and say, you know what, maybe we could get the government out of the way and we actually build housing because the reality of the situation is is that if you want to build a new house in America, a quarter of the price has to do with regulatory barriers, including permits, Gustavo. Well, you know, I think that one of the things that troubles me and troubles all of us, right,

about a lot of these quote unquote socialist, right, even go so far as to say just communists, is that they have a sort of different system of rules, right? When it comes to themselves, they think that they're playing by a whole other set. Yeah, rules for thee and not for me. And I think this is just a great example of it. And we see this time and time again of socialist and communist leaders living in luxury. Meanwhile, everybody else is in a breadline. People live in poverty.

And this is what happens in socialist movements. And we absolutely have to stop that. We cannot let Democratic socialism get a toehold because we know that central planning, government control does not lead to the kind of life that we want to live in America. It's unleashing free markets. It's getting rid of barriers. That's what's going to fix this. You know, they claim that they talk to Americans about what they want and what they want to see. I can tell you my team and my friends and Americans for prosperity crisscross this great country. They talk to Americans every single day at their doorstop and at events. No one.

And I mean, nobody is clamoring to eliminate the Senate, to eliminate the Supreme Court. They want, apparently what Gustavo wants, they want to get the permits out of the way. They want the government to step out of their lives. They want to thrive. They want to succeed. They want to grow their small business. That's what people want. Yeah.

And government is an impediment to it, Trish, not helpful to them. You mentioned how Gustavo would like to see the Senate go away. This came up recently on Fox News, and it was sort of funny because my former colleague over there, Martha McCallum, had to give the guy a civics lesson just to kind of help frame this for everyone, for the viewers out there. This is Gustavo, who doesn't clearly know his, well, I'm not going to be crude. My aunt used to say his ass from his elbow. But anyway, here we go.

The United States. Senate is an un-democratic institution. It gives more representation to people in smaller states than to the 30 million people in California. You've got the House of Representatives, which is population driven, and then you've got the Senate. So every state, if you're a small state, you still get two senators, even though you only get maybe one congressman in order to make all of the states have fair representation. So you say, I'm just confused. When you ask normal Americans, if Congress and the Senate and our political system is working for them, most people are very unhappy with the political system and they say it's not working for them.

Okay. But I don't think that they're willing to tear up the Constitution and get rid of the Senate. I mean, hey, you know what? He's not wrong. I think that you probably pick up on the same vibe, right? People are frustrated. They're dealing with inflation. They don't like what's going on right now.

I would point out inflation is a lot better than it was under Joe Biden, but still, you know, we still have memories of what prices were like pre-2020. And so it's still hard. But the answer is not to just dismantle everything, Kent. No, that's not the answer. And man, our civics classes failed this gentleman. This was a hotly debated topic of the constitutional convention. and they made a compromise on how we would do apportionment

between large states and small states. You can go back and check the receipts and read it. And I did not go to an Ivy League school, but there's a lot of history lessons in books that you can pick that. Yeah. Ivy League, alive and well in socialism. They did not do him any services here. But he claims to go talk to all these real Americans

who are frustrated with the system, who? because again, let's look at the receipts. I do have the receipts. Americans for Prosperity has the receipts. This is not what Americans are climbing for. They are frustrated with Congress because they want Congress to focus on real priorities. They want Congress to focus on the cost of gas, the cost of groceries, the cost of living. Our polling shows that when you look at the biggest drivers of what Americans care about, and we talk to them at the doorstep, if you look at the top priorities of Americans, the economy is number one. And even if you add up the next seven, they don't add up to the cost of living, but they don't want government control. Again, back to the housing issues, back to the

permitting issues. They want the government to get out of their lives. It continues to be a barrier for them. That's why things like the working family's tax cut that put money back in their pocket are so important. And when we rewind of where the government has been in a barrier and an impediment to us, it's the regulatory state. It's $5 trillion in new spending the Biden administration that led to 21 and a half percent cumulative inflation that made our dollar and our purchasing power so bad. It's the green new scam that the Democratic Socialists just love that made energy prices so high that we had to pull back and rain in that made prices better at the gas pump. Those are the things that drive costs. The government's the corporate.

Free market is the solution. Get the government out of the way. I think that some politicians actually do know that. You know, maybe not Gustavo. He's not really a politician. He's a leader in this DSA movement in New York City. But AOC maybe sort of kind of knows that. If you think about what she was telling ABC News just a couple of weeks ago, they were like, are you a member of the national chapter? And she said no. She said she was just a member of the New York City chapter,

which actually, you know, speaking of Grifters while we're on the topic, they went and checked. So the DSA overall was like, oh, she's a New York City chapter member. Well, you can't just be a chapter member in New York City. You know, this is communism after all. You have to be all in, right, for the whole shebang. And so they went and they checked the rolls, and it turned out she hadn't paid in years.

She wasn't even paying her dues for the New York City chapter or anything else. And so I guess just yesterday she decided to finally write a check. It reminds me of the tax, the rich dress, remember that she wore to the big meck gala. And then they found out she had all these ethics committee violations because she never, paid for anything. And that was a real problem. And then there were people she, vendors that she said she was going to pay and she never paid them and they were getting upset. It's like, what is the deal with these people? They don't even pay their bills. It seems like AOC, Gustavo, Abdul El-Sayed, they all want their cake and eat it to. They want to be socialist when they

feel like it benefits them. And they want to distance themselves from socialists when they feel like it's going to hurt them. And AOC is a great example of, oh, I'm a part of the local chapter, but I don't want the baggage of the national chapter when folks like Gustavo go on and talk about eliminating the Senate and eliminating the presidency of the Supreme Court. And I hope they redistributed her dudes when they got it there and divided those equally among everybody, Comrade.

And El Cyanne is the same way. Look at what he's done over the last couple of weeks. of he has been the Batman to the Robin of Hassan Piker, and then all of a sudden he's distancing himself away from the radical views of Piker. They know that when you look at the radical views of the Democratic Socialists and their manifesto and what they actually believe,

they know that those ideas are so out of touch with Americans because Americans believe in the American dream. Americans know it doesn't work. And I think that when you look at some of the poll data, Sure, you see this momentum, right, in the primaries. But then when it comes to who's actually going to win Michigan, El-Said is not doing very well. And he should be doing better because Michigan has been a pretty reliable blue state for the Senate for decades and decades and decades. I was interesting because I couldn't think of another example where you actually had a Democratic candidate who was down at least four points, four points in a Senate poll in Michigan.

And it turns out for this entire century, Abdul Asaid is the only one in a poll that means. CNN standards for publication. This is extremely, extremely unusual. Abdul Assad breaking records in the ways that you don't want to. In fact, he is the first Democrat down by this much as I said essentially since 1994. I do want to caution first though. The polls may not look good, but you have to get off your couch if you live in those states and it's not enough to vote anymore. You have to knock on the doors. You have to make the phone calls. You have to talk to your friends and your neighbors. You have to beat this and beat this badly.

Don't trust the poll numbers. Defeat it outright and defeat it so bad that they don't run candidates like this ever again. And we're doing that with Americans for Prosperity Action in Michigan. The team is crushing doors every single day. And so don't take anything for granted. But I think the way that we got to this is the economic failures of the Biden administration. We cause rampant inflation. and we have young people who can't afford their first house,

who can't afford groceries. And I think when you have a Democratic socialist movement saying, you know, we can fix it immediately because everything now is free, free, free, free, free housing, free health care, free tuition, everything will be given and on a silver platter here for you. I think people have not had that education to say, well, who pays for this? How much does it cost? Has this been tried before?

has it worked, has it failed? And the allure of those free things has brought them into this. And I think that we're quickly going to find out that you run out of other people's money to quote the great Margaret Thatcher. But we have to continue to beat the drum and beat these bad ideas with good ideas. So it's going to require better ideas. It's going to require real policy solutions. And it's going to require Americans to get off their couch, not just vote, get into the fight and take swing at socialism. Well, listen, I hope everybody's inspired listening to you. If you are, and I imagine you are, because Kent's right, you know, you're going to do something. Go check out A250 Toolkit.com forward slash Trish because this is AFPs sort of look back actually

at this great country, right, 250 years. And there's a lot of just wonderful history there that you can read all about. But you can also sign up and be part of this movement to go knock on doors with Kent and share the knowledge you have. So go check out again, A250Toolkit.com forward slash Trish. My name, Kent. It is good to see you. Great to be here. Thanks, Trish.

Appreciate you so much. It's good to see him. There it is, 8250 Toolkit.com forward slash Trish. And I do encourage you. It's great what they're doing. It really is. And if you're someone who is passionate about this, you can start a podcast like I do. and did, or you can join A250Toolkit.com. It's AFP forward slash Trish and tell them I sent you

and join them and go door to door. It's really, it's crazy that this is happening. Really, it is, it is crazy. We just got word though. The president is very committed to, you know, basically campaigning ahead of midterms. He's going to be doing a rally every single day in October. So, wow. He's one busy guy, one busy guy. And then running the world. on top of it. Anyway, a lot of really cool stuff going on. I mean, when you think about it, a lot of really cool stuff. We also got word today that Treasury Secretary Bessent actually has sanctioned a bank. I believe this is one out of the UAE. And the UAE is the one that was on our good list, right? Because it turns out they're doing business with Iran, that particular

bank. He's serious. Like every company and every country is going to have to button up. And you're you're either with us or you're against us at this point. They're not pushing it as much, I'm going to be honest with China, although the president just yesterday said, well, how do you know I'm not? I mean, maybe they are behind the scenes, but they haven't taken on the big cahuna there. But with some of these smaller countries, I mean, certainly Pakistan, for example, they're going to, and they will. And then you look at what we have for success in Venezuela. I just get to tell you, I cannot underscore enough how big a deal that is and what good news that is. Let me just see if I can see I'm going to look at oil right now. By the way, I'm sorry, we were on much later today,

but you know what? It was the first week of school. It was. I can't believe everybody's going back so early now in my day. I used to go back after Labor Day. But with the first week of school, I had a whole bunch of stuff to catch up on. Plus, I wanted to make sure we gave you one big, meaty show, as usual. And I'm just looking at crude oil. You see that it was down today. It closed down about a, you know, nine cents, so 83 bucks a barrel there on the NYMEX for crude oil. I imagine that we will see lower oil in part based on this news. Of course, it's a big thing to bite off, if you would, right? Because you've got to get the technology down there. But amazing, super exciting. There's good stuff happening. I hope people realize it, right? I mean, Kent's right.

as we go into midterms, you really hope that people realize what's at stake, number one. Venezuela is a great example. I mean, I was a young analyst. This is 1999? Yeah, Goldman Sachs. And we were trading sovereign debt in Venezuela, and Chavez was recently coming into power. He had been elected fairly because he was offering some other alternative. And they went from being the wealthiest country in all of Latin America to the poorest. I mean, people were starving there. So that's what socialism does to you, all right? Like, it's a great recent case study, two and a half hours from Florida. That's what socialism does. And the idea that some of these people are out there embracing it and thinking that this is

an alternative, I think it's happened because the Democrat Party had this massive hole in it. Democrat Party didn't offer anything new in terms of policies that would work for the people. You know, they just wanted open borders, open borders, open borders. And they were given all these handouts. This is what happens with socialism and communism to the elites. And people realized it, which is why you've seen this big change, this big shift, you know, with unions now coming on board and saying, I want to vote for Trump. And everybody who lives in those border areas saying, I want to vote for Trump. So lots of good stuff happening.

We do hope that everybody realizes it because it is going to be an important election. I will be here every step of the way with you through all. All of it. Thank you for being here on this Friday and make sure that you subscribe. Make sure that you hit the alerts. I saw in the chat, piece of my mind said he didn't get his alert today. I think that's like the second time in a row. That makes me nervous. You can also always come and check my page. We pin before we go live. We pin the show to the top of the page. You can also catch me on the rerun. I always read the comments on the rerun. We'll have lots of content coming your way over the weekend. And of course, you can find me on Spotify,

Thank you guys for being here. I'll see you live on Monday. Two and five Canadians will hear the words you have cancer. That's why every step and dollar raised matters. On September 19th, join thousands in Toronto for the Princess Margaret Cancer Foundation walk. Challenge yourself, friends, and family to walk 21 kilometers in support of life-saving research. Together, we can carry the fire and help create a world free from the fear of cancer. Register today at pmcf walk.ca.ca.