TRUNEWS with Rick Wiles - Congressman Moulton: The U.S. May Blow up Taiwan’s Semiconductor Factory

Episode Date: May 12, 2023

Massachusetts Democrat Congressman Seth Moulton recently suggested that the United States military may bomb Taiwan’s massive microchip manufacturing plant to prevent China from seizing it during a w...ar. He made the remark during a conference sponsored by the Milken Institute, a California think tank. Congressman Moulton said his suggestion was misinterpreted and used by China for social media propaganda purposes. Rick Wiles, Doc Burkhart. Airdate 5/12/23 You can partner with us by visiting TruNews.com/donate, calling 1-800-576-2116, or by mail at PO Box 690069 Vero Beach, FL 32969.It’s the Final Day! The day Jesus Christ bursts into our dimension of time, space, and matter. Now available in eBook and audio formats! Order Final Day from Amazon today! https://www.amazon.com/Final-Day-Characteristics-Second-Coming/dp/0578260816/Apple users, you can download the audio version on Apple Books!https://books.apple.com/us/audiobook/final-day-10-characteristics-of-the-second-coming/id1687129858The Fauci Elf is a hilarious gift guaranteed to make your friends laugh! Order yours today! https://tru.news/faucielf

Transcript
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Starting point is 00:00:00 You are listening to True News with Rick Wiles. We appreciate you tuning in. To find out more information regarding the broadcast, including prayer and financial support, please visit our website at www.truenews.com. Our mailing address for all correspondence is True News, P.O. Box 690069, Faroe Beach, Florida 32969. This is true news, the truth, the whole truth, and nothing but the truth, so help us God. Massachusetts Democrat Congressman Seth Moulton recently suggested that the United States military may bomb Taiwan's massive microchip manufacturing plant to prevent China from seizing it during a war. He made the remark during a conference sponsored by the Milken Institute, a California think tank.
Starting point is 00:01:07 Congressman Moulton said his suggestion was misinterpreted and used by China on social media for propaganda purposes. We will begin today's true news with this article published by Eurasian Times. As you see the headline, U.S. threatens to blow up Taiwan's semiconductor manufacturing firm if China invades the island and Taipei unhappy. I bet they are unhappy, Doc. And we'll talk about how unhappy they are here in just a few moments. This recent remark by Representative Moulton has created a number of waves across Taiwan, of course, and a response also from China. We have this tweet from the Global Times where it says, it seems that the U.S. indeed has a plan to destroy Taiwan. U.S. politicians do not even pay lip service to Taiwan's interests, let alone think about them. Are they planning to turn the Taiwan semiconductor factory in Taiwan to the next Nord Stream?
Starting point is 00:02:10 Let me just point out Global Times is the Chinese communist government newspaper. Right. But they are asking a very valid question. Does the U.S. plan to turn the Taiwanese plant into the next Nord Stream explosion. When I first saw the headline, it was one of those reactions like, there's no way this is accurate. Certainly, a U.S. congressman didn't openly say, hey, we're going to blow up the biggest microchip plant in
Starting point is 00:02:46 the world. We're going to play the video. It's a very short clip. It's almost, well, it is impossible for us to find any video, any source for this video other than what has been circulating in Chinese media. So the video that we're going to show you has Chinese writing on it. But the event actually occurred. It did occur. How recent is this? This would have been last week, about a week ago, because that's when the conference at the Milken Institute was going on and it concluded I believe Thursday or Friday of last
Starting point is 00:03:29 week and then this started circulating Friday evening and over the weekend last Saturday so let's let's watch the video and then you decide for yourself did congressman Moulton say the. is thinking about blowing up Taiwan's microchip manufacturing plant. He says he was misunderstood, that the Chinese have used it for propaganda. Let's listen to his actual words and talk about it. Very clear to the Chinese that if you invade Taiwan, we're going to blow up TSMC. I just throw that out, not because that's necessarily the best strategy,
Starting point is 00:04:08 but because it's an example of me doing this out there. And of course, the Taiwanese really don't like this idea. And they're blowing up TSMC. If you do that, you have a $2 trillion economic impact on the global economy within the first year.
Starting point is 00:04:21 And you'd put manufacturing around the world at a standstill. I mean, this would be, this is a terrible idea. You mean almost as bad as blowing up the Nord Stream pipeline? Mm-hmm. I believe, I'm not sure who the woman, I believe she's an ambassador? Yes. Do you know?
Starting point is 00:04:37 I'm not sure who it is. I apologize. But she said, she must have misunderstood him, too, because she said this is a terrible idea. So did she misunderstand what the congressman said? No, I think he's very clear. In fact, it appears that this has been part of, you know, a possible combative doctrine for a while. There is a paper from 2021 by the Army War College that proposed exactly that, that if China were able to gain a foothold in Taiwan, that the worst thing we could do is to let that semiconductor industry fall into the hands of the Chinese. It'd be better to just blow it up than to let it fall into the hands of the Chinese. That was U.S. War College?
Starting point is 00:05:24 Yes, U.S. Army War College. Two years ago. Yes, in 2021. And this year, you had a former National Security Advisor, Robert O'Brien, back in March of this year. This was reported by Max Blumenthal, saying that that is a possible strategy as well. So this has been out in the ether for a while. But for a member of Congress to say it out loud takes it to the next step. He's been in meetings where it's been discussed.
Starting point is 00:05:55 Right. Obviously, he's aware that this is a plan that has legs. It's an idea that is being discussed. He didn't say that there's been a decision, but probably blowing up Nord Stream Pipeline was at one point just an idea that was being discussed. But they started talking about it months before it actually occurred. And then they did it. So is it unthinkable that the U.S. would do such a thing? Well, here's what's going on. We are building new semiconductor plants here in the U.S. right now. We're about two years away from them being in operation. It's not beyond the realm of
Starting point is 00:06:42 possibility to say if an accident, let's say would happen in taiwan that the you know semiconductor industry went south that suddenly the u.s would be back in the driver's seat in this semiconductor world kind of like with uh natural gas yes and the nordstream pipeline so there would be if there was a war this year and the manufacturing plant was blown up this year. There's a two to three year gap where there are no microchips in the world. Right. And that's the two to three year gap that she was talking about. It'd take that long for us to catch up. strategy. You've got people in the U.S. government saying if China moves on Taiwan, we just got to burn down the main things that China's after. It's kind of like
Starting point is 00:07:36 Sherman going through Georgia. That's right. Just burning down everything. So how are the Taiwanese leaders responding to this? Well, of course, they're not that happy about it, Rick. So before we get to that, let's talk about this just a moment. U.S. Representative Seth Moulton on Thursday said the Chinese Communist Party selectively clipped a video which he suggested blowing up Taiwan semiconductor manufacturing facilities in Taiwan. In other words, they just took a little piece, but you heard it, didn't you? If we heard more, would that little piece we heard, would it have changed? I don't believe it would. He came right out and said what they were trying to do. I mean, before that clip, that segment, did he say, now I'm going to say
Starting point is 00:08:30 something that's absolutely crazy and nobody in their right mind would do this? No, they said that afterwards. So, well, the CCP, now this is what he's saying. The CCP selectively clipped my comments, spread them on social media and attempted to undermine the U.S.-Taiwan partnership. And he's saying that in response to the remarks. Moulton was alluding to a video clip shared on the social media site that we talked about. There's a picture of Representative Moulton, a Democrat from Massachusetts. Now, Liberty Times is an outlet in Taiwan, has reported this. So you see, this is the story that everybody's going to be talking about in Taiwan.
Starting point is 00:09:11 U.S. Congress said that China's invasion of Taiwan and the U.S. side will blow up TSMC. Qi Guangxin, how can the Taiwan military tolerate it? Now, who is that? That's the Taiwan defense minister. So, Ki-Gwon-jin responded that anyone who wants to blow up any facility in our country, whether it's to protect or violate the airspace norms, as long as they exceed the norms, of course,
Starting point is 00:09:41 they have the responsibility to defend the territory. So, what he's saying is, hey, if someone tries to blow up a facility here, we're going to take that as an attack. So Taiwan, Taiwan's defense minister is saying, we might have to defend our island from the United States. Right. Is he going to call Beijing and say, we need help over here? The Americans are bombing us? I mean, what's he going to do? The U.S. is going to go in and bomb a Taiwanese plant? Who does he call for help? Does he call Putin? I mean, what does he do? How does he fight off the USA? But their defense minister's thinking about this right now.
Starting point is 00:10:25 Right. Now, they have to think about it now because it's thinking about this right now. Right. They have to think about it now because it's being spoken out loud now. And the Nord Stream Pipeline explosion tells everybody, this is what the American ruling class will do to you. Well, we've done it before. We'll make partnerships and then we'll shiv them in the back. Now, the defense minister went on to say that protecting the people of the country and any materials and strategic resources is originally the responsibility of the country. It's a military responsibility. So if we want to bomb this or that, how can the National Army tolerate this situation? And once again, he's just reiterating the fact
Starting point is 00:11:05 that we will protect our interests from both foe and friend, I guess. I have a short VO here of him responding to reporters regarding this particular question and making it very clear that we will defend Taiwan from anybody. Well, Doc, if your friend wants to blow up your house, is he your friend? No, he's not your friend at all. So things are very strange in these times. And so where we talk about blowing up an ally or supposedly an ally's most basic industry. But would you put it past the United States to doing something like that? Not if we are building plants in the USA and they're trying to get them
Starting point is 00:11:54 finished as soon as possible. I would say we'll blow it up even if the Chinese don't invade. Now, I will say this. There is something unusual that's going on regarding stock trades and TSMC in Taiwan. And that's Warren Buffett recommended unloading TSMC from the Berkshire Hathaway portfolio. When did he say that? He started talking about it back in April and then reiterated it at the Berkshire shareholders meeting. So Warren Buffett plans to dump his shares in the Taiwan microchip factory. Right. Oh, he knows something, doesn't he?
Starting point is 00:12:38 Well, he knows or he has, let's just say, a gut feeling. That the prices of shares are going to implode. Right. And so it's interesting to see how this plays out. So we're going to stay on top of this and keep watching this and see what happens here. Doc, this next one, I got out of the South China Morning Post today
Starting point is 00:12:58 out of Hong Kong. Very interesting article. Isn't this interesting? Asking the question, why did China's foreign minister stop in Potsdam? And how is it connected to Taiwan? I had to read the story to find out myself. Right.
Starting point is 00:13:14 And what I gathered from it, we're still fighting World War II. That's what this is all about. It wasn't World War II fighting World War I? That's right. And so the war just keeps going. So the South China Morning Post reported that the Chinese foreign minister, Ken Gong, took time out on his three-nation tour of Europe on Wednesday for a stop in the small German city of Potsdam. Now, just southwest of Berlin, the city was the site of the Potsdam Conference in 1945 when the leaders of the United States, Britain, the Soviet Union, and Chinese Kuomintang met in a defining moment for the post-war balance of power.
Starting point is 00:13:55 So Potsdam, the Potsdam Conference, basically was the meeting between the major powers at that time on how things were going to be divvied up at the end of the war. And that involved both the Germans and the Japanese. Okay. Now this particular gathering also has a very special significance for China and cross-strait relations. Now Beijing has long cited the Potsdam Proclamation of July 1945 as one of the formal treaties backing its claim over the self-ruled island of Taiwan. Now, along with the Cairo Declaration in November of 43, the document outlined the terms for Japan's unconditional surrender two months before the end of the war, terms that included restoring Taiwan and other Chinese territories taken by Japan. So now before we go any further, what happened is during the war,
Starting point is 00:14:52 actually preceding the war, Japan had China, of course, and Taiwan. And so the government that we were supporting for China, they met together with the other leaders at the Potsdam Conference to decide, all right, at the end of the war, based upon the Cairo Declaration before, we were promised to get Taiwan back after the defeat of the Japanese. That's basically where we're at. So now the Potsdam Proclamation, issued after the conference, reaffirmed the Cairo Declaration that China's territory, including Taiwan, stolen by Japan, should be
Starting point is 00:15:46 returned to China. State news agency Xinhua quoted him as saying, Taiwan independence is a challenge to international justice and order and runs counter to the tide of history, which is doomed to fail. Now, you can't hold the Chinese against themselves here because we did agree to it, didn't we? Yeah, so they're now citing precedence and they're showing internationally legal documents at the end of World War II saying, you allies agreed to this. Japan had to surrender. Taiwan returned it back to us.
Starting point is 00:16:35 We have a legal agreement. We don't have to fight a war. This was agreed upon at the last war. That's right. All right. So basically what I think they're hinting is, do you want a third world war to settle what was agreed at the end of the second world war? So it's significant that he's visiting Potsdam right now.
Starting point is 00:16:55 He's signaling to everybody involved. We're reminding you of a deal. Reminding you of a deal. Reminding you of a deal. You know, that same reasoning could be applied to Israel. How so? Because when the United
Starting point is 00:17:16 Nations passed that resolution in 1948 that recognized a Zionist state in Palestine. They defined the geographic borders of that Zionist state. That's true. All right.
Starting point is 00:17:33 And so the present day state of Israel has gone far beyond what world leaders agreed to in 1948. And also part of that agreement too, if I recall, Jerusalem itself was going to be an international enclave. The city, yes. It was an international city. And so now I understand why Yasser Arafat was demanding that Jerusalem be a,
Starting point is 00:18:03 he was calling for a world capital, an international zone. Now I realize he was referring back to that decision from the 1940s. But the same argument could be applied, that Israel has stolen the West Bank, stolen Gaza, stolen East Jerusalem, and it must be returned according to legal agreements. Right. Isn't it ironic that the same group of people would say that God used the United Nations to help establish the state of Israel, or would pull their hair out if you held them to the terms of the agreement. Exactly. Exactly. So what we're watching this week is now the Chinese are going back
Starting point is 00:18:52 and pulling out of their desk drawers dusty old legal documents from 1945. And they're going to make their case. I would expect them to go to the United Nations and say, here's the legal agreements. We need the United Nations to back us on this. And if we don't get backing, then there may be a war because we're going to exert our rights to possess the land that was given to us at the end of the last world war. That's where this is going.
Starting point is 00:19:33 But, you know, we throw agreements out the window. We told the Soviet Union, too, we won't advance. You know, we told the Russians we wouldn't advance into former Soviet countries. So don't worry. Agreements from agreements. It doesn't matter. That's how you get to the next war. And speaking of the next war, this is another South China Morning Post story.
Starting point is 00:19:54 China says PLA rocket force joined Shandong carrier group in drills. Look at this. Near the U.S. military base in the Western Pacific. And I think this is referring to Guam. Yes, it is. So the South China Morning Post reported that state media disclosure of the People's Liberation Army rocket force joining the Shandong carrier groups for drills near the U.S. naval base in Guam is a show of force by the Chinese military, according to analysts. This came as Chinese state broadcaster CCTV reported that the Shandong Flotilla had wrapped up a nearly 30-day exercise in the western Pacific region that included unprecedented systematic joint operations with the rocket force and other fighting wings. Now, while it's not uncommon for the Chinese Navy
Starting point is 00:20:45 to carry out drills near Guam, some analysts said disclosing that the rocket force took part indicated a deterrence strategy by the Chinese military. They said it highlighted the PLA's enhanced capacity for precision hits on moving surface targets or naval bases beyond the so-called first island chain of defense. So to translate what they're saying is normally this news isn't put out there or anything, but China is letting this information out there and saying, we can hit targets. We're letting you know we can make the hit. Now, the chain that they're referring to, the chain of islands, usually refers to the
Starting point is 00:21:26 archipelago running through Japan, Taiwan, the Philippines. And it's considered by some military strategists to be a formidable barrier for the PLA in exiting or entering the Western Pacific. Now, we'll give you a map here that shows these competing strike groups that have been working together here, making their presence known throughout the Western Pacific there. You see Guam in the lower right-hand corner of the screen. So a lot of activity taking place in the trifecta of Taiwan, the Philippines, and Guam there. And it's going to continue to be a major point of contention moving forward because there's going to be a war there one day. Someday there's going to be a war.
Starting point is 00:22:14 Now, according to Zhu Xinming, a researcher from Yunhuang Military Science and Technology Think Tank in Beijing, the exercise is aimed to test the precision strike capability of China's Dongfang series anti-ship ballistic missiles in the high seas. It's more challenging for the rocket force to pinpoint targets precisely beyond the first island chains, Zhao said. So translation on that, they are practicing longer precision strikes in the Western Pacific. So they're figuring out. They're now becoming a world-class Navy.
Starting point is 00:22:52 Now, the CCT TV report suggests that the J-15D Roaring Shark fighter jets, equipped with electronic countermeasure pods, could become the eyes in the sky for the rocket force, enabling it to strike thousands of kilometers away. Zhao said the CCTV report could be seen as part of the PLA's strategic deterrence, warning the U.S. and its allies about its enhanced strike capability as tensions spike over Taiwan. Doc, last week we told our audience that NATO plans to open an office in Tokyo, branching out. Yes. I mean, the Atlantic now includes the Pacific.
Starting point is 00:23:36 China is responding to that news and this story. China slams Japan for plans to host NATO offices from Nikkei News Agency in Tokyo. So obviously the Chinese are not happy about it. It kind of reminds me of about 20 years ago when the Russians started saying to NATO, we don't like what we're reading about your plans to move eastward towards us. You might want to rethink it. And I'm seeing now a replay where China is now saying to NATO, you might want to step back and think about this. You really want to open up a military office in the Pacific opposite our coastline.
Starting point is 00:24:28 Well, and Nikkei News is reporting that China has criticized Japan for plans to host a NATO liaison office in Tokyo, saying the U.S.-led military alliance is interfering in regional affairs and inciting confrontation. They said, we urge Japan to draw lessons from history, stay committed to the path of peaceful development, and avoid doing things that could dismantle trust and affect peace and stability in this region. And that's coming from Foreign Ministry spokesperson Wang Wenbin, and he was speaking that Friday
Starting point is 00:25:01 at a regular briefing in Beijing. So, Doc, Japan does not have an advanced military because it's still under restrictions from World War II. Does the Japanese constitution allow Japan to invite NATO to set up shop inside Japan? I mean, I know we have U.S. military bases there, but what would preclude NATO from having military bases in Japan where Japan could legally say, well, it's not the Japanese army. We don't have these bases, but we are in alliance with NATO. Are we going to see nuclear weapons parked in Japan aimed at Beijing? Well, I think that's the goal. I think that's where they want it to end up being at some point. And you've got the U.S. now building, what, four military bases in the Philippines? The Philippines, yes. And that's going to be the next big area.
Starting point is 00:26:14 So going back to that map we saw earlier, so you've got Taiwan, you've got Guam, you've got the Philippines, you've got this whole area here. Japan is going to be a key area to launch from. You know, the whole idea is that there is going to be a confrontation with China some point in the future, sometime probably within the next five to 10 years, unless something stupid happens over the next year or two. You mean we're going to talk about this for another 10 years?
Starting point is 00:26:46 We got plenty of material. Oh, man. But because there's always going to be war. Jesus said... And rumors of war. Wars and rumors of war. So we've got the war going on in Europe right now, and we've got the rumor of war going over in the Pacific right now.
Starting point is 00:27:03 So the wars and rumors of war. Well, Doc, it's Friday, and usually Dmitry Medvedev has something to say on Fridays. I don't know why he saves it for Fridays, but that seems to be the pattern. And he's got two comments out today. The first one, he said that George Soros has significant control over the European Human Rights Court. Yes, so American billionaire George Soros has influenced many judges at the European Court of Human Rights. Former Russian President Dmitry Medvedev said on Friday, speaking at the St. Petersburg International Legal Forum, about the problems of modern judiciary.
Starting point is 00:27:46 An independent investigation in 2020 revealed that 22 out of the 100 ECHR judges who served between 2009 and 2019 had strong ties to Soros, whether through his Open Society Foundation or intermediary NGOs that received its funding. Now, it says, for many years, and this is Dmitry Medvedev saying this, for many years, these judges literally ate out of his hand and on direction from across the ocean stamped biased court verdicts, which, by the way, have not been revised even after these corruption scandals. And that's coming from Dmitry Medvedev. So this is just part of the influence, continued influence that George Soros exerts,
Starting point is 00:28:33 not just internationally, but he does it domestically too. If you can influence the legal system just a little bit. What's he doing in the usa in the u.s funding the election of these far left district attorneys progressive district attorneys to change the court system and it's working it's working he's you know financing their campaigns through various organizations and under the umbrella of open society but he's also done it internationally too through the European court there. So he's sowing disorder globally. I mean, in the United States, these progressive DAs are releasing criminals or refusing to charge them for the crimes that they've committed. And then on the other hand, going after law-abiding citizens who defend themselves against these criminals.
Starting point is 00:29:27 And they get arrested. Rick, what does George Soros get out of this? I mean, why can't he just be a billionaire and make money? He's wicked. He's wicked. It's just that simple, Doc. He's wicked. He's evil. He's promoting wickedness and dissension and disordering, chaos worldwide.
Starting point is 00:29:51 And what business is he in? Chaos. Can you name the industry he functions in? I can't. I don't know. Does he make widgets? Does he own a railroad? Does he build airplanes? He doesn't do any of those things, does he? He trades money back and forth. He trades money back and that's it.
Starting point is 00:30:13 And so he creates situations that allow him the opportunity to take advantage of chaos. Or his business is a vast money laundering operation and money is from dark sources is pushed through his bank accounts to be dispersed around the world for revolution. That's the other possibility. Does he really make that much money? Being a money changer? Because that's what he is. He's a money changer. Old time biblical title, he's a money changer. Does he make that much money in forex? I mean, that's the claim. He's become multi-billionaire,
Starting point is 00:31:07 but he's using all that money to sow revolution, trouble, discord, division, strife, eroding traditional family values, promoting lawlessness. Who goes into business for that purpose other than someone who is a Luciferian devil worshiper? It's the chaos industry. That's what it is.
Starting point is 00:31:39 He owns the chaos industry. Well, Demetri Medvedev had some more to say. Yeah, he wants to start a club. Don't you want to join a club today? So Mr. Medvedev proposes the Anti-Sanctions Club of Nations. And those nations are growing in number each year. Deputy Chairman of the Security Council of the Russian Federation, Dmitry Medvedev, supported the idea of the Minister of Justice of the Islamic Republic of Iran,
Starting point is 00:32:08 Amin Hossein Rahimi, to create an anti-sanctions club of countries and a common fight against illegal restrictions of the West. So they want to take all the countries that the U.S. is punishing with economic sanctions and bring them together in a club and say, there's a lot of us. We've got clout now. We've got power when we work together. And that's what he says. We must fight together. I absolutely support the proposal on uniting countries under the sanctions into a club. In addition, the politicians drew attention to the fact that Russia, Iran and many other countries do not recognize Western sanctions. There are already many of us such states, and if there are many of us, then we represent a certain force, he concluded. Isn't that a war coalition?
Starting point is 00:32:56 Yes. I mean, it's a dividing line between nations, that's for sure. Well, while we're on the topic of people like Soros bringing down the United States of America, we'll move on to Hunter Biden. This is a New York Post article. Hunter Biden and divorce lawyers sparred over cash from a $1 million Romania deal. Earlier this week, was it Wednesday that they had the press conference? Congressman Comer said that this is the first time that we heard about Romania. Well, and this is where this has popped up now. So the New York Post is reporting that divorce lawyers for Hunter Biden and his first wife got into a back and forth back in December of 2016 over proceeds from a Romania deal involving the first son.
Starting point is 00:33:53 That's an apparent reference to a $1 million arrangement the Biden scion struck with a corrupt Romanian oligarch. And that's coming from emails on Hunter's abandoned laptop. Now, Kathleen Buell's attorney, Rebecca Sullivan, referred to a Romania deal in an email to Hunter's representative, Sarah Mancinelli, on December 15th of that year that demanded $60,000 from an account that Hunter held at TD Bank. Now, it says, quote, on the disclosures, help me understand why it's taking so long to get this basic information. Hunter's office confirmed to Kathleen a deposit of more than $120,000 into Hunter's TD account as funds from the Romania deal, Sullivan wrote. So this is disclosing now that there was some sort of transaction taking place and the other people were aware of it. There is no reason to continue
Starting point is 00:34:53 to delay providing us the TD account statements and all expenses since the end of the last statement, the lawyer went on. If there is a reasonable explanation for why those funds are not being used to pay the family's pressing expenses, that reason should be shared with us immediately. Otherwise, please immediately provide Kathleen with half of this deposit. So this is where the reality of the situation starts unraveling for the Bidens. So Hunter's- But the lawyer's saying, hey, we know about Hunter's bribe money.
Starting point is 00:35:27 Yes. And his ex-wife wants half of the bribe money. The ex-wife knows about it too. And now the lawyer knows about it. And put it in an email. That's the crazy thing. They're talking about a neolegal operation and they're emailing back and forth on it.
Starting point is 00:35:43 But the greed overtook them. It's just, that's on it but the greed guy overtook them it's just that's all was the greed overtook them and they started openly talking about a deal that should have sent him to prison and and so the ex-wife is saying i want my share you know i know that my my former husband was a crook i know about his his crooked deals. I know about that money and that account. I want it. It's amazing to watch what's going on with the Bidens. And to think, Rick, if we had not, if those laptops had not been recovered,
Starting point is 00:36:18 I think we wouldn't know about any of this. No. Not at all. We would have still been talking back in 2016 about just the general information that we knew this is hard evidence so what else have the biden's done that we don't know about that's not on a laptop that's yeah this is just hunters deals that's right um we've got some um comments from various members of congress uh congress Byron Donalds of Florida made a statement to Fox News that President Biden, Joe Biden, is compromised. Here's Congressman Byron Donalds. disgusting that some of your rivals in media don't even want to talk about this issue when we
Starting point is 00:37:06 actually have legitimate receipts. We have bank receipts. We have records. We've gone through all that. They should be covering that. Now, getting back to Joe Biden, I do think he's compromised simply because his brother and his son were engaged with dealings of foreign companies and foreign countries. We have now documented China and Romania, and he knows nothing. All the LLCs that were created, most of them were created when he was vice president of the United States, and he knows nothing. If he doesn't know anything, he is the dumbest person in the history of the planet and shouldn't be president of the United States.
Starting point is 00:37:42 Then there's another issue, and that is Hunter Biden's payment, the large amounts of money to prostitutes. And it appears that these were young women who were trafficked from one country to another as prostitutes. Wisconsin Republican Senator Ron Johnson has been asking questions about it. He said in this article, we have evidence Hunter Biden paid sex traffic prostitutes, and the news media isn't even looking into it. Of course they're not going to look into it. It's not the news media. It's the propaganda media. They don't report news.
Starting point is 00:38:27 They block news. Think about what the news media does. They don't distribute news. They block news. That's good. That's insightful. What have we been up against for 25 years? Trying to get information out. Trying to get the truth out to people. And we get blocked every direction that we go. There's a roadblock that's put up. It's not because the news media wants to get the truth out to the people. They want to stop the truth from getting out to the people. They want to limit the truth.
Starting point is 00:39:01 And what they give you is disinformation, fake information, lies, propaganda. Or they give you some information, but not all the information. Now, we showed a clip the other day with Ron Johnson appearing with Harris Faulkner. But this is a shorter segment of that same interview where he talks about Hunter Biden and the prostitutes. The U.S. attorney investigating that tax and gun case is expected at any point now to announce whether he will file charges. So what's your thought on just go ahead and bring forth what you have in subpoena people? First of all, Senator Grassley and I in our September 2020 report laid out as much evidence as anybody would need to lay out that the Biden family is corrupt, that President Biden would be highly compromised. But again, the corrupt media
Starting point is 00:39:50 ignored it. They censored it. And we elected President Biden. So here we are. One thing that we don't talk enough about, I know President Biden is just so proud of his son. But let's, you know, we have the evidence that Hunter Biden paid for paid tens of thousands of dollars for prostitutes. There were sex traffic through an international sex trafficking ring. I mean, I mean, yes. And President Biden, during about a four or five month period, offered to pay for about one hundred thousand dollars of Hunter Biden's bills when he was spending tens of thousands of dollars on these women who are sex trafficked. Now, that is at a minimum morally reprehensible and wrong, and the president is defending that? And the media isn't even looking into it? Well, wouldn't that be a felony? I mean, if you're doing business with a sex trafficking
Starting point is 00:40:37 ring, that's more than ethically offensive. It is grotesque, but the media doesn't concentrate on it. We had that in our report. We had the financial transactions proving it. James Cormier does the same thing. But again, it is so icky. It's so reprehensible. People don't want to talk about it, but it's just galling to hear the president talk about how proud he is of Hunter. And he enables this. He enables it by propping up his son, both in terms of those types of words, as well as financially. It's really pretty sick. Doc, Joe Biden's been a politician his entire life. I mean, I grew up in Maryland,
Starting point is 00:41:19 and Joe Biden was a politician in neighboring Delaware when I was young. I mean, he's been a politician. Where does he get the money to pay his son's bills? A hundred thousand dollars. I mean, if, if my son came to me and said, Hey dad, I've been living wild and I could could use about $100,000. I'm paying prostitutes. I'm doing it.
Starting point is 00:41:54 First of all, I mean, that's not going to happen. But even if he said that to me, the second thing that's not going to happen would be me saying, well, sure, I'll cover your shortfall. And the third thing is, I don't have $100,000 just to throw out. Where does Joe Biden get this money? He's a politician. Why isn't that just a simple question to ask? Where does all this money come from?
Starting point is 00:42:25 What business do the Bidens operate? Influence. They're in the influence business. That's right. So he just wrote checks for, they did bank wires, $100,000. Yeah, I understand. Your check account's overdrawn because you paid for so many prostitutes.
Starting point is 00:42:39 Yes, son, I'll send you some more money. The money Hunter Biden generated to give to his dad. Yes. The big guy. I still think Joe Biden works for somebody else. Where's all the money? And where is all the money? And that's the question I had the other day too, when they did the press conference. No one's asking that question. Where is all the money? And that's the question I had the other day, too, when they did the press conference. No one's asking that question. Where is it? Where's the money? If you got millions of dollars, what was it, $10 million came in?
Starting point is 00:43:18 This is one source. $10 million? That was distributed across various bank accounts and various Biden accounts. Where's the money? All the way down to the grandchildren. Where's the money? And why is he distributing it to so many people in his family? Is it part of the cover-up?
Starting point is 00:43:45 Because if there was this massive amount of money going to Joe Biden himself, was Joe thinking, if I spread this out to a lot of Biden family members, it won't be so noticeable. But then do those people have to pay it back to him and they get to keep 10%? Or do they have to keep their mouth shut? Well, they don't get to keep the money. There's no way he's letting all these Biden family members keep the money. So where does the money go? Where's the central bank account? How many bank accounts are set up? Where's the tens of millions of dollars
Starting point is 00:44:25 that have flowed in. And this is just one deal we know about. We didn't, until last week, we didn't know about Romania. First time I heard it was last week. How many other countries paid off Biden over years? And we're just talking about
Starting point is 00:44:43 the years he was vice president. And just really centered around Hunter. Not even counting James Biden, the brother, who's received so many contracts over the years. Especially like in Iraq. Yes, right.
Starting point is 00:45:00 I'm waiting on a Republican member of the Congress to ask, where is the money? To be something I would be asking. New York Post reporting a record-breaking 67,759 migrants apprehended at the U.S. border. When, Doc? Just this pastS. border when, Doc? Just this past week. In the past decade?
Starting point is 00:45:29 Past week, Rick. The past week, in the last seven days. Nearly 70,000 illegal immigrants apprehended in one week. And a lot more got through that didn't get apprehended. And the ones that are apprehended, that doesn't mean that they're sent to jail or sent back to their home country. It just says the border patrol agents stopped them. And these are just the ones apprehended, not the ones that got through. So New York Post is reporting that U.S. border agents apprehended a record-breaking 67,759 illegal migrants in the past week alone, including sex offenders and gang members, as well as a massive stash of fentanyl, officials said Friday.
Starting point is 00:46:17 Another 15,780 illegal migrants eluded capture, tweeted U.S. Border Patrol Chief Raul Ortiz. Among those caught were five sex offenders, four gang members, two felons. Agents also seized 56 pounds of fentanyl, 179 pounds of methamphetamine, 34 pounds of cocaine, five pounds of heroin, and seven firearms. And we have this tweet by the chief of the U.S. Border Patrol, Raul Ortiz, and he outlines all these different stats just in one week, one week, the week that Title 42 ended. Look how many got away from the agents. In addition to the 67,000 that they apprehended, 15,780 ran away, beyond the 67,000. Right. That they know of, that they know of, that got away.
Starting point is 00:47:17 There's a crisis at the border, but no one seems to really take it seriously. But it's not a crisis, Doc. I know, it doesn't have to be. It's a policy. It's a deliberate policy. It's not like government officials can't figure out what to do. They're doing what they want to do.
Starting point is 00:47:38 Massive invasion from foreign countries into this country. In the millions. It's a deliberate policy that's been going on for decades. It is meant to change America, to break down the influence, the power of the American citizens so that their power to run the country is diluted.
Starting point is 00:48:07 That's what's taking place. The American citizens are watching their power and influence be diluted by bringing in tens of millions of people from other countries until there'll be a day that the illegal foreigners will outnumber the legal citizens. And if you talk about that, what is the left called? The replacement theory. Oh, they're spewing the racist replacement theory. Well, what else is it? You're replacing the population. By inviting another population in. Yes. It's not a crisis. It's a policy. And it takes us back to George Soros.
Starting point is 00:48:57 The open borders that he has promoted for decades. And I don't know if you had an opportunity to see Secretary Mayorkas speaking at the White House the other day. He was saying, you know, basically we need illegal immigrants in the U.S. to do the jobs that Americans won't do. You hear that argument over and over again, right? I've heard it for 30 years that illegal immigrants do the jobs that Americans won't do. But you can't hire them. If they're here to do the jobs, then why can't we hire them? Because it's illegal to hire them.
Starting point is 00:49:32 That's right. And there's a big crackdown going on in Florida right now where the state of Florida is doing a big push on the E-Verify system. Most states ignore the strict guidelines on E-Verify, but Governor DeSantis has said, we are going to hold to the letter of the federal law on E-Verification for new employees joining companies here in the state of Florida. Obviously, in an attempt to stop this from happening. It is disingenuous. Politicians say, well, the immigrants are coming here illegally because regular Americans don't want to work. And these illegals are coming
Starting point is 00:50:17 in to do the work. But at the same time, if a corporation, a business hires them, then the federal government will charge them with a crime. It's illegal to pay an illegal. Think about this. It's illegal to pay an illegal. So then why are they here? See, the argument doesn't hold water, does it? They're deliberately bringing people in to change the population. It's what it's about. They want one continent from Alaska to Chile. All the way. No borders.
Starting point is 00:51:08 George Soros wants no borders. And you'll find that people like Soros are behind this operation. These immigrants aren't walking from El Salvador. I mean, that's like walking from Texas to Canada. They're not doing that. They're being transported. Who's paying for it? Somebody's paying for the transportation. And again, where does he get all the money to do this? How does he have time to run his business and do all this evil stuff?
Starting point is 00:51:40 I just ask questions, Doc. I'm just an uneducated guy. I don't know. I'm trying to get people to answer my questions. I want to know. I want to know. Where's he get the money to do all this stuff? Senator Ted Cruz has been very outspoken in recent days about what's taking place. We've got a video that he distributed today on his Twitter account.
Starting point is 00:52:14 And he's in a very combative exchange with some news reporters down on the Texas border. Let's watch it. Let me ask you something. Let me ask you something. What rate of illegal immigration do we have in 2020? Do you know anything? I asked you a question. Do you know anything? I've been in office 11 years now. Okay. Except you're okay. You don't get to argue with me. You asked your question. You asked your question. You don't get, you want to hold a press conference. You can do it over there. You want to hold a press conference you can do it over there. So hold on I'm going to answer his question. The talking point of the Democrats which this media reporter happily parrots is gosh
Starting point is 00:52:55 the problem can't be fixed. There's one little problem with that it is an utter and complete lie. In 2020 the last year of the Trump presidency we had the lowest rate of illegal immigration in 45 years. You ask what have I have done? I've championed the men and women of border patrol. I've championed securing the border. I've championed remain in Mexico. And we turned this problem around and solved it. And we went from Joe Biden inherited the lowest rate of illegal immigration in 45 years. And the first day in office, he made political decisions to cause this problem and you should be ashamed of yourself because you're a reporter and you're not reporting facts and the man standing there holding a sign let them cross because that's the policy
Starting point is 00:53:36 they're not attempting to stop anybody the policy is let them cross the border and let them move into any state of this union. Let them infiltrate all the cities and towns and counties of America. That's the policy. Yeah, I just, you know, I don't understand why it is. Well, I do know because of the influence of the legal immigration. But my wife, she had to go through a legal process to immigrate to the U.S. It was a long, arduous process. It took years. What's the purpose of it?
Starting point is 00:54:19 Why don't the Democrats just abolish all immigration? Right. Why not just abolish it? Why don't the Democrats just abolish all immigration? Right. Why not just abolish it? If the argument is that we need these workers. Why make it tough for some people? Right. My daughter-in-law came from Denmark. She had a very difficult time getting here to become a citizen to marry my son. They made it very difficult on her. I mean, there's forms, there's interviews, there's paperwork. I mean, it's nuts, Rick. It really is. If you try to do it the legal way, but if you do it the illegal way, they'll back you. They'll give you a check. They'll put you on a bus or a plane. You know, one of those stories I read today, a border patrol agent, this is a federal agent, said, if Joe Biden was not the president of the United States, I would arrest him for illegal trafficking,
Starting point is 00:55:16 for the trafficking of illegal immigrants. He said, if he wasn't a politician, if he wasn't the president, he would be a criminal. We would be going after him because he's deliberately bringing illegals across the border. And when you put it in that perspective, then you realize this isn't just an issue of politics. Joe Biden is a criminal. He's carrying out criminal activities. But then everything he does is criminal.
Starting point is 00:55:51 Does Joe Biden ever have a day that he's not doing something criminal? It's their mindset. They are lawless. They are corrupt. And they're wicked. And it's bringing great harm to America. It's amazing that the country's still standing. It is a testimony to the resiliency, the strength of America, that with all of these attacks for decades, our country still has not collapsed.
Starting point is 00:56:26 And I bet the globalists are puzzled by it. Like, what do we have to do to bring this thing down? Yeah, I mean, you've got a big block of hardworking American people that have sustained this nation for several hundred years. They believe in the principles of America. They believe in it. They believe in the American dream. And there's still a core group of people that are basically financing this entire operation. Yes.
Starting point is 00:56:58 For what purpose? What is their purpose? Texas Governor Greg Abbott posted a video today commending Texas National Guard troops and Texas DPS agents on the border. Let's start. I'm glad the Texas governor has taken this action, but this should have been done 20 years ago. This was, Doc, I've been doing this program since 1999, and I've been talking about illegal immigration since 1999. I mean, it was a, quote, crisis 25 years ago. And the only time it's dipped was during the Trump administration. Think about that.
Starting point is 00:58:15 I mean, like Ted Cruz was saying, for 45 years, the only time you saw a dip was during those four years during the Trump administration when they were enforcing the laws on the book. There are laws on the books to solve this issue. I mean, this isn't a big mystery. And you saw the illegal immigrants, what side of the border they were on. They were on the side of the border that they are supposed to be, not on this side. And if it took Constantino wire to keep them out, that's the way it should be. I believe
Starting point is 00:58:48 in immigration. I absolutely believe in immigration. But you've got to follow the rules. Of course. You've got to follow the rules. And I want to open up America to opportunity and everything. You know, I want the world to have the American dream. So, Doc, at your home
Starting point is 00:59:04 and you know, a lot of homes here have, you know, and subdivisions may have walls around the backyards and so forth. But if somebody jumped the fence or climbed over the wall into your backyard and you're having an outdoor barbecue, and people just started coming over the wall, jumping the fence, just coming up and eating the food
Starting point is 00:59:34 from your barbecue grill, what would you do? I would probably have to find some sort of means of self-defense. Right? Which I keep handy. Because of self-defense. Right. Which I keep handy. Because they're not invited. Right.
Starting point is 00:59:49 It's my property. It's not that you're against these people. It's not that you don't want these people to be your neighbors. You don't want them to eat with you. But I have a front door. Precisely. You have a front door.
Starting point is 01:00:05 They need to go around and ring the doorbell and ask permission to enter your property. And if I recognize you and you're a friend. And you've been invited. Come on in. I've got burgers and hot dogs. Let's party. But if I don't know who you are.
Starting point is 01:00:22 You're not letting them in. Oh. And I would expect if I had that problem continue and people keep showing up my door I would expect the local authorities to assist me in preventing that from continuing to happen not being told well you just we can't we're not allowed to do anything where they just have to come to your door. Yeah, this neighborhood needs more people. That's the argument, right? We've got too many barbecues going on here on Saturday, and we just need more people here to eat these hamburgers.
Starting point is 01:00:54 So, Mr. Burkhart, you're going to have to let these people jump your fence and come in, because we need them. That's the argument. It's insane. It is insane. And they're gaslighting us. Now, U.S. officials, Border Patrol agents, stopped nearly 70,000 illegals this week that we know of.
Starting point is 01:01:20 If I rounded up 70,000 Americans, and we went down to Texas, and we said, we're going to march across the border and we're going to go live in Mexico. What would the Mexican police and the Mexican military do? They would park on the border to prevent Americans from coming in. Would they shoot us?
Starting point is 01:01:40 If they had to. They would shoot humans coming across the border? If we said, we're humans coming across the border. If we said, we're just coming over to work. We want to work in Mexico. We don't have passports. You should allow us to come in. Yes.
Starting point is 01:02:00 We're fleeing political persecution in America. They're deplatforming us in America. We're coming over. Or we're going to march all the way through Mexico to get to El Salvador. Yes. So we can go into El Salvador and work. Would the Mexicans allow hundreds of thousands of Americans
Starting point is 01:02:17 to march through Mexico? No, because Mexican laws are extremely strict about illegal immigration. Extremely strict. Unless it's coming from the South. Yes, but I'm talking about people planning to stay in Mexico. They don't mess around with it. They don't mess around. So none of the arguments hold. It is a deliberate policy to change the complexion, the makeup of the American population. There's a right way to bring in immigration. There's a wrong way.
Starting point is 01:02:54 They've been deliberately doing it the wrong way because it's not because they care about these people. It's because they have an agenda to collapse the United States of America. That's the agenda. They have no concern. Source and escape, they have no concern about these Mexican people in Central America. They have no concern about them at all. They're using them. They're using them to bring down the USA. And again, it's amazing that this country has with withstood all this all these attacks that's been
Starting point is 01:03:28 on us i'm going to do um just a couple more before we close up here um bloomberg news uh what happens if the u.s treasury runs out of cash this the current, you know, cry that we hear every couple years because we had to raise the debt ceiling because we're spending more money than we took in last year. And we raised the debt ceiling last year and we got to do it again. Right. So Yellen said, if Congress doesn't raise the debt ceiling, the president will have to make some decisions about what to do with the resources that we do have. She said it back earlier this week on CNBC. So, Doc, the U.S. government, you know, the rapid rate it spends money,
Starting point is 01:04:21 somewhere in June, maybe early July, officially the U.S. government will run out of money. And then you have a default. So we're approaching that deadline. And so now every head of every administration in the Biden administration is crying, you know, we've got to do this. We can't default. We can't default on this at all. Well, if Secretary Yellen is trying to think of things to do what did what can we do if we run out of cash i can tell you one thing to do right now stop sending billions to ukraine conserve that money yes stop sending the money i mean if you're if your piggy bank is running out of money.
Starting point is 01:05:06 Well, how about we cut off all foreign aid? Precisely. So when they ask questions like this, they don't expect an answer. This is towards fear. Bad things are going to happen. The next story is Jamie Dimon, CEO of JPMorgan Chase.
Starting point is 01:05:27 He warns that panic will overtake financial markets as the U.S. Not if the U.S. defaults, but he said, even if we move close to it, we're going to have panic before the default. Yeah, he's quoted as the closer you get to it, you will have panic in the form of stock market volatility and an upheaval in the treasuries. If it gets to that panic point, people have to react. We've seen it before, but it's a really bad idea because panic becomes something that is not good. It could affect other markets around the world. So let's look at number 46. This is a video from this Bloomberg interview with JPMorgan Chase CEO, Jamie Dimon.
Starting point is 01:06:16 How worried are you about the debt ceiling? So Donald Trump yesterday in a town hall with CNN, A, did not seem too worried, and two, actually told Republicans to stick to their guns. One more thing he doesn't know very much about. Let me put it in two categories. One is actual default. That is potentially catastrophic. And you can go through a million ways, but anyone knows that's potentially catastrophic. And I don't think it's going to happen because it gets catastrophic. And the closer you get to it, you will have panic. And so the closer you get to it, you will have panic. And so the closer you get, you have markets get volatile. Maybe the stock market will go down.
Starting point is 01:06:52 The Treasury markets will have their own problems. It's amazing you already have certain T-bills trading 3% and right next to them 5%. This is not good. And people should remember the American financial system is the foundation to the global economic system. And so the closer we get, more panic. We might get downgraded. The last time we were downgraded, we had like 65% or 70% debt to GDP. Now it's 105%. Now our deficits are two or three times that that we had back then.
Starting point is 01:07:18 So, you know, we better be very careful. And I wish we didn't get there at all. I'm respectful of both sides who, you know, one side wants to use the makeup floor. We've got jammed down their throats, you know, and I'm, I would love to get rid of the debt ceiling thing, but please negotiate a deal. Do you think that it'll be at the end of the day, the markets that will spur a deal that we have to get to the point where there's panic? It's a really bad idea because panic becomes something that is not good and it could affect other markets around the world.
Starting point is 01:07:47 But yes, at the end of the day, if it gets to that panic point, people have to react. And we've seen that before. And the other thing about markets is always remember panic is the one thing that scares people. Like they take irrational decisions. I remember even in 08, people were selling certain securities at 40% of what they would be worth if we had a Great Depression. But they were like, I want out. I want cash. I'm not betting my family's money on this or my company's money. People would panic. And again, we've got to be very careful about getting close to a situation that causes that. Did you get a call
Starting point is 01:08:21 from Janet Yellen about this? I'm not going to talk about personal calls I'm getting. We've all spoken about debt ceiling. I mean, everyone, that's everyone. There's no... But for big banks, are you ready, actually,
Starting point is 01:08:31 how do you prepare for a possible default? We have a group of people who are very smart who are looking at, again, it's very unfortunate, it's time-consuming,
Starting point is 01:08:40 hopefully it won't happen, but it affects contracts, collateral, clearing houses, clients. It affects clients differently around the world. You have to then anticipate what people are going to do, which is very different than the legality of it. And the closer we get, the more those kind of that war room will start. Now it's taking place once a week, but my guess is sometime, call it May 21st, it'll be every day. And then it'll be three times a day.
Starting point is 01:09:06 And then it'll be much more conversations with clients about what they need to do to help get them through it and things like that. It's very unfortunate. It should never happen this way. Bloomberg's markets conference underwritten by J.P. Morgan. Yes, right. You know, you know, on a personal, some years ago, he had a major life-threatening health crisis.
Starting point is 01:09:30 His, he had a major heart attack and was rushed to the hospital. It looked like he was going to die.
Starting point is 01:09:39 And, Doc, I remember the Holy Spirit impressing upon me to pray and intercede for Jamie Dimon that day. And I did. I prayed for days for him.
Starting point is 01:09:53 And eventually, you know, he was recovered, released from the hospital. But, I mean, it was, he was on the edge there for a couple days. It looked like the CEO of JPMorgan Chase was going to check out of the world. My prayer is that Jamie Dimon will come to know Jesus Christ as Lord and Savior. Look, all these people in the news, at the end of the day you and I are obligated to pray for them.
Starting point is 01:10:26 Just like we pray for everyone that we meet, we know. We ought to have a burden for their soul, for their spiritual destiny. Where are they going? What is their relationship with their maker right now? And is there anybody at his level that talks to him about Jesus Christ and his soul? I don't know.
Starting point is 01:10:49 I don't know. Maybe a nurse in the hospital leaned over his bed and said, Mr. Diamond, do you know Jesus Christ? We don't know. But each of us, we should be, we got to take the politics out of it and again you just see a person and they have a soul and it's human nature to create enemies out of people with opposing views
Starting point is 01:11:14 i mean it's very easy to do that you say well he doesn't like chocolate ice cream therefore you know and i do and therefore we're on opposite ends of the spectrum. You know, I saw him close up several times at World Economic Forum when we went there with the Trump White House. You know, very close. I didn't talk to him, but was standing a few feet away from him. I want to show you one more story related to the debt ceiling issue because it's we're look you know we're probably about 30 to 45 days away from either a a default of the u.s government on its debt or the congress and and the white house agreeing to a plan to raise the debt ceiling. This next one is number 47, Bloomberg. Monthly mortgage payments could surge 22% if the U.S. defaults. Because interest will...
Starting point is 01:12:15 Now, this isn't on current mortgages. Right. But future mortgages, the interest rate would go up almost one-fourth. Right, so mortgage rates could soar to 8.4% if that debt ceiling isn't raised, pushing the mortgage payment on a typical home 22% higher and cooling property sales. That's according to a report from Zillow. Barring $500,000 at 8.4% would mean a monthly payment of more than $3,800 compared with $3,095 with rates at 6.3%. You know, it's hard enough right now for families, young families, to be able to afford mortgage payments, rent payments.
Starting point is 01:12:59 You were sharing with me the other day that homes here in Vero. I was shocked, Doc. I haven't looked at rental prices for years. But as we recruit new employees, one of the things they ask is, what's the cost of living? If we move from our state to Florida to Vero Beach, what's the cost of living? I was giving out information that wasn't correct if somebody asked me, because I didn't know. I haven't looked at the rental market for several years. So the other day, I just went online
Starting point is 01:13:40 and started looking at the rental prices of houses just around our church. I couldn't believe how high they've gone. And I'm like, how do young families, how do they pay this? How can they do it? I don't know. I couldn't pay it. The prices that I'm seeing for rent, I'm like, I've never paid that in my life.
Starting point is 01:14:07 How are these young families? And these are small homes. We're not talking about big. Or even brand new homes. They're old and small. And they're getting very high rents. And I personally think the landlords are greedy. It's just greed.
Starting point is 01:14:27 That's all it is. I mean, you think, well, hey, everybody else is, you know, it's greedy. Okay. You know, you're jacking up the rent because you know there's a housing shortage and people have to pay it. And I'm hearing more and more stories, Doc, just casual conversations of people telling me about, oh yeah, I know a young family that's living over here at a hotel. They got a couple of kids. They can't get a house. They're just living in a hotel. Or I know someone that's living over here in a trailer, and I'm talking about a camping trailer, not, you know. And these aren't homeless people. These are working class people that can't afford the rent. This is very similar to, again, I believe we're in a repeat of the cycle from the mid-70s up to 1992.
Starting point is 01:15:32 A time of high inflation, of stagflation, high inflation, high unemployment. And it lasted, what's it, 1974, 73, 74, up until 92. It didn't end until 92. That's when the dot-com boom kicked in and the stock market took off. We just witnessed the end of that boom. We're now in a repeat of that other cycle. So you have to accept that this inflationary cycle will probably go
Starting point is 01:16:06 10 to 15 years. And you're going to see waves of inflation. There will be times the media will say inflation has been licked. It's been defeated. And no, it'll come in waves. But if you're expecting prices to go down and return to what we considered normal just a couple years ago, it's not going to happen. And I think this cycle will be markedly different because of technology. A lot of people are going to be put out of work because of AI. I mean, we are seeing such rapid changes in technology just with AI alone. Well, wait a minute, Doc. Illegal immigrants are coming here to do the jobs that AI can do.
Starting point is 01:16:49 How do they explain that now? AI is getting rid of jobs. Right? Yes. We know AI is getting rid of jobs. So illegals are coming here to compete with AI? Well, there's another argument against it. So the bottom line is a lot of people are going to lose their, their jobs in the, in the next two years. It's already happening,
Starting point is 01:17:12 but a lot in the next two years. And you're going to see, you're going to see a lot of young families struggling to have a place to live. It really,ieves me. It bothers me. I really have a soft spot for young families. And I just think back to when Susan and I were newly married and we had our first child and what it was like, and we were in that inflationary cycle. I have very vivid memories of that time. And so I'm very sensitive to young families today who are trying to start a home, start a family,
Starting point is 01:17:49 and living with this kind of inflation. How difficult it must be on them right now. I remember that too. I mean, I couldn't afford to purchase a home when I was a young man. When we got married, I mean, you know, under Jimmy Carter, mortgage rates went up to, I think they hit a peak of 23%. You can't buy a house with 23% interest rates.
Starting point is 01:18:18 It was a very difficult time. That's why Jimmy Carter only lasted one term. But even when President Reagan came in, he was still dealing with the inflationary cycle. It didn't end during his term. It didn't end until the end of George Herbert Walker Bush's term. And then Bill Clinton came in and Bill Clinton reaped the benefit
Starting point is 01:18:44 of the economy taking off. And of course, Bill was like, hey, look what I did. But it was just a change in cycle. And we're in, you know, we're in a very difficult cycle right now. Hey, real quickly, you guys are doing some awesome things with Final Day on Amazon. I am very, very happy and very pleased with what you're doing. We are number one in numerous categories on Amazon. And it's just because the True News audience has been buying the book.
Starting point is 01:19:20 And the audio book is there now on Audible. And I think that's where most of the sales activity is taking place. Right now. And also, through your Amazon link, if you go there, you can do a one-time purchase of the audio book if you want to do it that way. Or if you have the Audible app, you have the option of being able to order through the Audible app as well. And so you can do a single purchase on there. They walk you through it. I guarantee you they want to sell you the book.
Starting point is 01:19:53 You've got three options, the audio book, the e-book, and the paperback book. That's right. And a lot of you have purchased Final Day in the past week. And Amazon's paying attention because suddenly this book that just went on Amazon has risen to number one in multiple categories on Amazon. Right. We give God all the glory and honor and praise for this. I didn't do anything except write it as he inspired me to do it. And speak it. And I did speak it too.
Starting point is 01:20:28 It took me a long, long time. And that's Rick's voice. It's not AI. It's not somebody else talking. It's Rick. A long time to record that book. The next book will not be 450 pages. I promise you it won't be. Take care. Enjoy the weekend. Mother's Day weekend.
Starting point is 01:20:43 Yes it is. Thank you for reminding me. Okay. Spend time with the Lord. Set aside time to be with your father and just love on your heavenly father and get into the word of God and turn off the noise of the world. And we'll be back here Monday for more True News. God bless you. You have been listening to True News with Rick Wiles. Thank you for listening. To find out more information regarding the broadcast, including prayer and financial support, please visit our website at www.truenews.com. Our mailing address for all correspondence is True News, PO Box 690069, Vero Beach, Florida 32969.

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