WEBVTT 00:00.560 --> 00:04.120 The spirit of this revolution is not going away. 00:04.280 --> 00:10.360 This is the Ron Paul Liberty Report with Ron Paul, Daniel McAdams, and Chris Rossini. 00:10.720 --> 00:16.660 We are all ambassadors of the Ron Paul Doctrine, and it's up to me to just tell the truth. 00:16.860 --> 00:21.740 An idea that time has come cannot be stopped by any army or any government. 00:34.240 --> 00:38.220 Hello everybody and thank you for tuning into the Liberty Report. 00:38.220 --> 00:41.660 With us today we have Daniel McAdams, our co-host. 00:42.300 --> 00:43.560 Daniel, good to see you. 00:43.640 --> 00:45.060 Good morning Dr. Paul, how are you today? 00:45.280 --> 00:45.780 Doing fine. 00:46.440 --> 00:47.220 Happy Tuesday. 00:47.580 --> 00:50.900 We're going to work on stopping a war. 00:51.300 --> 00:51.800 That'd be nice. 00:51.980 --> 00:52.280 Good luck. 00:53.660 --> 00:56.160 Anyway, there's talk of it, and you get your choice. 00:57.440 --> 00:59.980 Even in the administration you might get a choice. 01:00.620 --> 01:02.720 You know, they're not all hawks. 01:02.840 --> 01:04.860 They're all confused, but whatever. 01:04.860 --> 01:11.000 Anyway, there is news in here about what's happening, because when I woke up early this morning, 01:11.340 --> 01:14.940 Trump had said something important, and the markets responded. 01:15.340 --> 01:20.940 Gold went up sharply, and guess what? The stocks went up, and everybody was happy. 01:21.120 --> 01:24.260 He says, I can see an end to this war coming soon. 01:25.160 --> 01:29.900 Well, if it's that simple, why didn't he do it a long time ago? 01:30.440 --> 01:33.480 And if it's so simple, why did he ever start the war anyway? 01:34.280 --> 01:39.700 And then if you want some other one where you don't say, never give up, never give up, 01:40.000 --> 01:43.800 then you go and look for a hexeth, what he had to say. 01:44.360 --> 01:47.760 He says, stay in there, buddy. We have a lot to do. 01:47.900 --> 01:53.700 We can get that oil, and yet there was some news about a hexeth. 01:53.840 --> 01:56.620 We might even mention that in this program today. 01:57.100 --> 02:02.080 Something that you shouldn't be happy with bad news for people, 02:02.080 --> 02:06.700 but in a way, I have to think that since I don't like his policies, 02:07.440 --> 02:15.820 if the news on hexeth is true, it should maybe calm him down a little bit, 02:15.940 --> 02:22.420 and maybe he'll lose some of the authority that he holds in the administration, 02:22.880 --> 02:29.320 because he's a loud voice in the administration, and so that'll be interesting to see what happened. 02:29.320 --> 02:33.220 But the one thing for sure, the markets are rocky up and down. 02:33.460 --> 02:35.860 The stocks loved Trump's state. 02:37.480 --> 02:41.620 I think it was up around 600 for a while, still up 500 points. 02:41.760 --> 02:48.100 I'd say that's a pretty good day for just ordinary stock changing and things to improving, 02:48.340 --> 02:54.140 and Trump says the war can end, and gold is back going up. 02:54.620 --> 02:58.640 That gets a little bit confusing, because it's not following all the rules, 02:58.640 --> 03:00.500 and that annoys a lot of people. 03:01.300 --> 03:04.860 Therefore, while people thought they had a handle of it, 03:05.460 --> 03:12.820 but watching gold or the dollar in relationship to gold for a long time, 03:14.420 --> 03:17.860 there's a lot of ups and downs and a lot of surprises 03:17.860 --> 03:23.720 and a real challenge for those people who trade in gold. 03:26.960 --> 03:31.820 That responsibility was turned over to the Fed way back in 1913. 03:35.620 --> 03:39.820 The ratio between gold and money was $20. 03:40.460 --> 03:43.220 You could get an ounce of gold, and that sounds like a pretty good deal. 03:44.300 --> 03:50.700 But now, it has been up as high as $6,000, so something big is going on. 03:51.900 --> 03:55.700 You're not getting stability and understanding and belief in liberty. 03:56.100 --> 04:00.700 You hear the word tossed around, and that's been going around, 04:00.780 --> 04:04.020 especially in the last 10 years, and that is the word fascism. 04:04.080 --> 04:06.820 Are we going to have fascism, or what's going on? 04:07.980 --> 04:14.820 There are hints, and there are people who fear the fact that we're developing into a fascist system. 04:14.820 --> 04:21.860 But in the meantime, we want to try to figure out just what this off-ramp is. 04:22.100 --> 04:24.520 What is coming as Trump want to get out? 04:24.940 --> 04:30.500 The war is not over, but if he could say that so quickly, 04:30.920 --> 04:33.380 why didn't he do it yesterday? Why didn't he do it a month? 04:33.580 --> 04:34.900 Why didn't he stay out of it? 04:35.280 --> 04:40.100 But anyway, it was token good news for an hour or two. 04:40.100 --> 04:45.180 It will have to wait and see how it comes in later, because believe me, 04:45.380 --> 04:48.940 if you're a reporter and a journalist and an investor, 04:49.320 --> 04:57.340 and you're trying honestly to get the information that would help you reach a logical conclusion or whatever you were doing, 04:57.900 --> 04:58.880 that's a challenge. 04:59.480 --> 05:04.880 That's a real challenge to figure out by what the market is telling us, 05:04.880 --> 05:07.940 because the market is up and down and all over the place. 05:07.940 --> 05:12.580 But sometimes people still make money in the markets like this. 05:12.720 --> 05:16.300 Sometimes people make money off selling weaponry, 05:16.760 --> 05:20.260 and that's why some people say war is good for the economy. 05:20.580 --> 05:22.360 Yeah, the economy of the war mongers. 05:22.760 --> 05:27.720 So that's where we are today, not an answer to all our problems, 05:27.840 --> 05:29.340 but enough to think about. 05:29.720 --> 05:32.240 Yeah, the question is whether this is another Trump panic, 05:32.240 --> 05:35.760 because we've seen a pattern now of Monday before the markets opened, 05:35.760 --> 05:39.580 and Trump making dovish statements to try to reassure the markets 05:39.580 --> 05:42.840 and try to keep a tamper down on oil and other things. 05:43.220 --> 05:46.360 So we saw that yesterday, and it was a mixed message, 05:46.360 --> 05:48.300 because on the one hand, there was the dove message, 05:48.680 --> 05:51.700 and then he followed up with a stick big time, if you remember. 05:52.180 --> 05:56.080 He threatened to take out all civilian infrastructure in Iran, 05:56.100 --> 05:57.960 which of course is a war crime, 05:58.480 --> 06:03.220 and he also threatened to take out the desalination plant in Iran, 06:03.220 --> 06:05.020 which I don't know if anyone has told him, 06:05.320 --> 06:06.800 wouldn't have the effect that he thought, 06:06.860 --> 06:10.240 because Iran has said in retaliation if that does happen, 06:10.300 --> 06:13.580 it will take out desalination plants of the other Gulf countries. 06:13.760 --> 06:17.040 Now, the other Gulf countries such as Kuwait, United Arab Emirates, 06:17.080 --> 06:22.880 and others rely up to the 90% range for their drinking water 06:22.880 --> 06:24.380 from desalinated water, 06:24.900 --> 06:28.280 but Iran only uses 2-3% desalinated water, 06:28.760 --> 06:32.500 so he would be hurting his allies a lot more than he'd be hurting Iran, 06:32.500 --> 06:34.360 but nevertheless, still a war crime, 06:34.460 --> 06:35.560 so you had that yesterday, 06:36.180 --> 06:38.100 and then there was a bit of a ripple in the mark, 06:38.160 --> 06:40.660 but as you said, it didn't really respond like they expected. 06:41.540 --> 06:43.840 So then he came out today with another one, 06:44.380 --> 06:47.280 and if you put that up, this is via zero hedge. 06:48.260 --> 06:52.140 This is the off-ramp metaphor, off-ramp imminent. 06:52.600 --> 06:53.820 Trump tells the world, quote, 06:54.140 --> 06:59.620 go get your own oil via the strait after decimating Iran. 07:01.160 --> 07:04.620 And after comments apparently leaked to the Wall Street Journal overnight 07:04.620 --> 07:09.000 that Trump is willing to leave Iran with the strait unopened. 07:09.180 --> 07:12.020 The president has clarified his thinking this morning, 07:12.120 --> 07:16.260 so the issue here, Dr. Paul, is truly bizarre, 07:16.520 --> 07:20.500 which is that now the U.S.'s main goal is undoing a consequence 07:20.500 --> 07:23.600 of its action in the first place in the Gulf, 07:23.660 --> 07:25.080 which is the closing of the strait. 07:25.620 --> 07:28.220 Iran said, hey, if you bomb us, we're going to close the strait. 07:28.220 --> 07:31.200 U.S. said, we don't believe you, and they started dropping bombs. 07:31.300 --> 07:33.380 Iran said, okay, we're going to close the strait, 07:33.600 --> 07:35.160 and now we're upset that the strait is closed. 07:35.540 --> 07:36.260 So there you go. 07:36.620 --> 07:38.200 But let's see what Trump was saying this morning 07:38.780 --> 07:40.880 in his truth social post this morning. 07:41.600 --> 07:43.380 He seems a little petulant here. 07:43.480 --> 07:46.440 He said, all of those countries that can't get jet fuel 07:46.440 --> 07:49.440 because of the strait of Hormuz, like the U.K., 07:49.440 --> 07:52.560 which refuse to get involved in the decapitation of Iran, 07:53.180 --> 07:54.680 I have a suggestion for you. 07:54.780 --> 07:57.360 Number one, buy from the U.S. We have plenty. 07:57.900 --> 08:00.140 Number two, build up some delayed courage. 08:00.320 --> 08:01.900 Go to the strait and just take it. 08:02.420 --> 08:04.620 You'll have to start learning how to fight for yourself. 08:05.200 --> 08:07.200 The USA won't be there to help you anymore, 08:07.340 --> 08:08.920 just like you weren't there for us. 08:09.560 --> 08:11.520 Iran has been essentially decimated. 08:11.960 --> 08:13.020 The hard part is done. 08:13.540 --> 08:16.320 Go get your own oil, President DJT. 08:16.960 --> 08:18.980 Now, there's a lot of problems with this, Dr. Paul. 08:19.100 --> 08:21.060 First of all, you can leave it up for a second. 08:21.640 --> 08:23.200 First of all, we cannot make up. 08:23.640 --> 08:25.480 The United States cannot make up for the oil 08:25.480 --> 08:26.700 that's gone off of commission, 08:27.340 --> 08:29.820 the result of the Hormuz strait being closed. 08:30.180 --> 08:33.100 We simply don't have the ability to deliver that into the world markets. 08:33.520 --> 08:34.620 So that's not true. 08:35.160 --> 08:39.640 And number two, the idea, there's a sort of a misunderstanding 08:39.640 --> 08:42.960 of NATO among the Trump administration. 08:43.340 --> 08:45.540 And it's a really easy treaty to read. 08:45.660 --> 08:46.760 I've read it many times. 08:46.900 --> 08:47.900 I know you have, Dr. Paul. 08:48.460 --> 08:50.880 If the U.S. goes off and starts a war of choice, 08:51.400 --> 08:53.300 a war of aggression against another country, 08:53.300 --> 08:55.400 there is absolutely no obligation. 08:55.620 --> 08:57.520 You cannot find it anywhere in Article 5 08:57.520 --> 09:01.540 that the U.S.'s NATO partners should come to its assistance. 09:01.920 --> 09:03.940 It is literally a defensive treaty. 09:04.460 --> 09:06.260 Now, if we were sitting here mining our own business 09:06.260 --> 09:09.540 and Iran decided to launch the missile 6,000 miles away 09:10.020 --> 09:11.220 and hit the U.S., 09:11.220 --> 09:13.980 well then the U.S. could invoke Article 5 09:13.980 --> 09:15.600 and the other countries would have the opinion 09:15.600 --> 09:18.260 or the option, I should say, of coming to help us. 09:18.420 --> 09:19.740 But you don't get it both ways. 09:19.900 --> 09:22.180 You don't get to kick sand in someone's face 09:22.180 --> 09:25.400 and when the guy gets up and he's a huge, massive bodybuilder, 09:25.600 --> 09:26.940 call your buddies to help you out, 09:26.960 --> 09:28.540 which is what the U.S. is trying to do here. 09:28.980 --> 09:30.740 So we caused a problem. 09:30.900 --> 09:32.480 The U.S. caused a problem by closing, 09:32.840 --> 09:34.260 getting the Strait of War moves closed 09:34.260 --> 09:36.640 and now we're blaming everyone else but ourselves 09:36.640 --> 09:38.140 for the fact that it is closed. 09:38.560 --> 09:44.580 You know, I'm disappointed that you don't have reporters. 09:45.040 --> 09:47.240 Some of them have access to the President 09:47.240 --> 09:48.340 because they asked him a question. 09:48.340 --> 09:51.000 But how often, under those circumstances, 09:51.540 --> 09:52.720 do you have a reporter? 09:53.200 --> 09:55.520 Maybe they don't get on the right list to be called on. 09:55.900 --> 09:58.100 But the promise was 09:58.100 --> 10:01.320 and what the people liked before the election 10:01.320 --> 10:04.580 was the promise of decreasing wars. 10:05.320 --> 10:08.200 We're going to stop the wars at the same time. 10:08.460 --> 10:10.340 We're not going to start anything new. 10:11.160 --> 10:14.560 Well, why couldn't they point that out 10:14.560 --> 10:16.100 in a form of a question 10:16.100 --> 10:19.480 but it's just not done. 10:19.640 --> 10:21.560 If it's done, I'm missing it someplace 10:21.560 --> 10:23.000 because I've never... 10:24.500 --> 10:26.620 Maybe Trump is just true enough to know 10:26.620 --> 10:27.820 how to answer these questions 10:27.820 --> 10:28.800 and they're fluffing over 10:28.800 --> 10:30.560 and they're on to another subject. 10:31.340 --> 10:32.420 Yeah, well, here's the... 10:32.420 --> 10:33.240 You're talking about the markets. 10:33.400 --> 10:35.980 Here's a couple of charts that Hedge put in now. 10:36.380 --> 10:37.320 Go to that next one. 10:37.440 --> 10:37.940 You can see now 10:37.940 --> 10:40.240 when the Wall Street Journal reported last night, 10:40.620 --> 10:42.220 Trump's saying, hey, we may just get out 10:42.220 --> 10:43.720 without opening the Strait. 10:43.720 --> 10:46.640 You can see that the oil price drops precipitously. 10:46.840 --> 10:48.580 And then, of course, it crept back up 10:48.580 --> 10:51.100 and Trump this morning let out his 10:51.100 --> 10:53.040 go get your own oil talk 10:53.040 --> 10:55.880 and oil did calm down for a while. 10:55.980 --> 10:57.040 I don't know what the latest is. 10:57.080 --> 10:58.260 I haven't checked before the show. 10:58.500 --> 10:59.500 But if you go to the next one, 10:59.520 --> 11:01.600 now here's the reverse from the markets. 11:01.800 --> 11:03.580 There's a huge boost in the market there on the left 11:03.580 --> 11:06.120 when the Wall Street Journal published these talks 11:06.120 --> 11:08.440 about not bothering to open the Strait of Hormuz 11:08.440 --> 11:10.460 and then you have it going down a bit 11:10.460 --> 11:11.460 and then you have another jump 11:11.460 --> 11:12.980 when Trump came out this morning. 11:12.980 --> 11:16.680 So the markets are reacting to what is being said. 11:16.800 --> 11:17.940 As you said earlier, 11:18.040 --> 11:19.740 they were not acting in a rational way. 11:20.080 --> 11:23.440 But the big problem is because that's very important, 11:23.660 --> 11:25.860 all this stuff and interpreting what's happening. 11:26.440 --> 11:27.820 But things move so quickly, 11:28.300 --> 11:32.280 not even in a logical manner. 11:32.880 --> 11:35.280 Things go back and forth up and down. 11:35.600 --> 11:37.480 Today, we're going to do this the next day. 11:37.840 --> 11:39.740 Oh, yeah, I gave him 48 hours, 11:39.920 --> 11:42.120 but I think I'll extend it for five more days 11:42.120 --> 11:43.620 before we start killing it again. 11:44.400 --> 11:47.480 The whole thing doesn't make any sense 11:47.480 --> 11:50.260 when it comes to trying to figure out finances. 11:50.960 --> 11:51.980 So I'll tell you what, 11:52.520 --> 11:55.440 as this economy worsens, 11:55.740 --> 11:57.820 they're going to have a tougher time doing it 11:57.820 --> 12:00.880 because the big fight that has been going on 12:00.880 --> 12:03.500 for more than just this skirmish 12:03.500 --> 12:07.120 that we're having with Ukraine or with Iran 12:07.120 --> 12:11.040 is the whole thing about the big fight 12:11.040 --> 12:12.900 that's going on which has a significance 12:12.900 --> 12:15.480 equal to all this in an economic sense 12:15.840 --> 12:20.060 is the fight between the Federal Reserve and Trump. 12:20.360 --> 12:21.680 What should interest rates be? 12:22.420 --> 12:25.500 And the one thing I've always given Trump credit for 12:25.880 --> 12:27.520 is he knows something about business. 12:27.740 --> 12:29.480 He knows the real estate market 12:29.480 --> 12:33.140 and he knows how important the price of money is. 12:33.960 --> 12:36.740 And he doesn't understand 12:36.740 --> 12:39.280 that the market price of money is so important 12:39.280 --> 12:41.140 because that's the interest rate. 12:41.940 --> 12:46.460 But what he thinks he can do 12:46.460 --> 12:49.880 is if low interest rates helps correct things 12:49.880 --> 12:52.260 for an hour, he doesn't realize 12:52.260 --> 12:54.300 it's only going to be one hour if that long. 12:54.900 --> 12:56.600 So that fight's going on 12:56.600 --> 12:59.000 and it's ongoing every day 12:59.000 --> 13:02.120 and he has his guy lined up to start to take over 13:03.660 --> 13:05.400 and now Powell's saying, 13:05.680 --> 13:06.860 well, what if I don't want to leave? 13:08.460 --> 13:10.800 But that is boring stuff 13:10.800 --> 13:13.980 when it comes to some of this weaponry 13:13.980 --> 13:16.620 and militarism that goes on 13:16.620 --> 13:19.300 but they'll clash, the two will clash 13:19.300 --> 13:20.660 because I've always argued 13:20.660 --> 13:23.320 that some of the nonsense that come out 13:23.320 --> 13:25.080 that when you're in a deep recession 13:25.080 --> 13:28.440 or I guess to even prevent a recession 13:28.440 --> 13:29.920 what you do is you start a war 13:29.920 --> 13:32.480 and that adds to jobs 13:32.480 --> 13:35.740 which is lots of baloney is what it is. 13:36.540 --> 13:39.600 I keep saying, well, didn't World War II 13:39.600 --> 13:40.320 and the Depression? 13:41.460 --> 13:43.440 In a way some numbers got better 13:43.440 --> 13:45.740 because people were employed 13:45.740 --> 13:48.340 but how many were drafted in the military 13:48.340 --> 13:49.740 about hundreds of thousands 13:49.740 --> 13:51.860 and faced death? 13:52.640 --> 13:54.840 Then you say, well, the unemployment rate 13:55.580 --> 13:56.840 was getting lower. 13:58.740 --> 14:01.580 But the two things are important 14:01.580 --> 14:02.980 and the one thing is 14:02.980 --> 14:05.060 all the stuff that they do 14:05.060 --> 14:06.280 and all the weaponry 14:06.280 --> 14:07.520 and all the problems they face 14:07.520 --> 14:11.940 they never quite look at it 14:11.940 --> 14:14.620 and the Congress never wants to talk about it 14:14.620 --> 14:17.100 and that is the true danger 14:17.100 --> 14:20.040 of this $39 trillion debt 14:20.040 --> 14:22.420 and how they're going to liquidate that debt. 14:22.820 --> 14:23.320 Yeah, absolutely. 14:24.200 --> 14:25.940 Our friend Joe Salente says 14:25.940 --> 14:27.720 when all else fails they take you to war 14:27.720 --> 14:29.360 and that looks like what's happening 14:29.360 --> 14:31.000 but things aren't going well. 14:31.140 --> 14:32.620 Now, Trump is worried about the markets. 14:33.140 --> 14:34.760 Yeah, I think he's got to go handle on the media 14:34.760 --> 14:36.040 because the media is so pro-war 14:36.040 --> 14:37.660 but the markets are different. 14:38.620 --> 14:40.180 But here are a couple of things that I clipped 14:40.180 --> 14:42.680 that indicate how badly things are going. 14:43.200 --> 14:45.680 First of all, France and Italy block airspace 14:46.220 --> 14:48.460 for some U.S. planes operating in Iran. 14:48.600 --> 14:50.680 Now, we already heard yesterday 14:50.680 --> 14:52.840 that Spain said no way, Jose, 14:53.560 --> 14:54.960 you can't use our bases, 14:55.160 --> 14:57.140 you can't even overfly our territory 14:57.140 --> 15:00.080 to attack Iran because it's in the illegal war 15:00.080 --> 15:03.000 but France has reportedly refused to allow U.S. 15:03.040 --> 15:04.820 to use its airspace to transport weapons 15:04.820 --> 15:06.600 for the Iran conflict. 15:06.960 --> 15:10.080 The first such denial since the war began 15:10.080 --> 15:13.040 follows a similar move by Spain 15:13.040 --> 15:15.580 signaling a growing reluctance 15:15.580 --> 15:17.940 and angst among key European allies 15:17.940 --> 15:20.700 at the same time Italy has denied certain U.S. aircraft 15:20.700 --> 15:23.260 access to its airbase in Sicily, 15:23.660 --> 15:26.180 though officials insist the issue 15:26.180 --> 15:27.820 stems from procedural violations. 15:28.320 --> 15:30.680 One thing that we're not really getting, Dr. Paul, 15:31.180 --> 15:33.560 is a view of what has happened in the Middle East 15:33.560 --> 15:36.380 and I think our media either is afraid to cover it 15:36.380 --> 15:38.320 or is not interested in covering it. 15:39.480 --> 15:41.520 But I have one video of, 15:41.620 --> 15:43.580 this is our U.S. military base in Kuwait. 15:43.860 --> 15:46.280 This was a major U.S. military base 15:46.280 --> 15:48.660 and this is indicative of the first video 15:48.660 --> 15:50.080 and please turn the sound down 15:50.080 --> 15:52.220 because there's an annoying screech in it. 15:52.280 --> 15:54.580 Let's just look at the video for a second. 15:54.580 --> 15:56.920 But this is the military. 15:57.100 --> 16:00.000 This is a major U.S. military installation. 16:00.700 --> 16:02.380 We don't even need the earpieces here. 16:02.400 --> 16:03.360 We can just look at it. 16:03.780 --> 16:04.540 What's happening? 16:06.720 --> 16:09.120 Now, you can see that the base is completely devastated. 16:09.660 --> 16:11.440 You could not house troops there if you wanted. 16:12.180 --> 16:13.580 The buildings are demolished. 16:14.700 --> 16:15.760 Everything is blown up 16:15.760 --> 16:18.340 and this is the case with 13 U.S. bases in the region. 16:18.800 --> 16:19.720 They're uninhabitable. 16:19.860 --> 16:22.940 The Wall Street Journal itself reported that earlier on. 16:22.940 --> 16:24.820 You may not see this at home 16:24.820 --> 16:26.800 when you hear things about obliterated 16:26.800 --> 16:27.900 but I would call this base, 16:28.080 --> 16:30.260 this U.S. military base obliterated. 16:30.500 --> 16:32.260 We can stuff that one now. 16:33.280 --> 16:34.740 The other thing that did happen, 16:34.860 --> 16:36.820 Dr. Paul, is the Chinese and Pakistanis, 16:37.360 --> 16:39.280 remember they tried to host a peace talk 16:39.280 --> 16:40.340 over the weekend in Iran. 16:40.440 --> 16:41.280 I don't know what you're talking about. 16:41.360 --> 16:44.240 We're not going, but they have released five points. 16:44.780 --> 16:45.940 Put that next one up 16:45.940 --> 16:47.520 because this is what they've talked about. 16:47.880 --> 16:48.420 It's very minimal. 16:48.420 --> 16:49.500 It's not a video. 16:49.720 --> 16:52.100 It's just a JPEG. 16:53.100 --> 16:54.200 On Tuesday today, 16:54.280 --> 16:55.880 they issued a five-point initiative. 16:56.300 --> 16:58.220 I think this is kind of an icebreaker, Dr. Paul. 16:59.240 --> 17:01.020 But China and Pakistan got together 17:01.020 --> 17:02.900 because they know they're suffering too. 17:03.520 --> 17:05.320 So immediate cessation of hostilities, 17:06.080 --> 17:08.040 the start of peace talks as soon as possible, 17:08.560 --> 17:10.440 security of non-military targets, 17:10.680 --> 17:11.900 security of shipping lanes 17:11.900 --> 17:14.120 and primacy of the UN Charter. 17:14.520 --> 17:15.600 Of course, that's important 17:15.600 --> 17:17.000 because that is about respecting 17:17.000 --> 17:19.020 the sovereignty of other countries. 17:19.500 --> 17:20.780 Bombing them definitely is 17:20.780 --> 17:22.380 a show of disrespect 17:22.880 --> 17:23.740 for sovereignty. 17:24.420 --> 17:25.300 But there you have it. 17:25.360 --> 17:28.220 That's what they're trying to get things started. 17:28.680 --> 17:31.280 And they're going to have a job 17:31.280 --> 17:32.400 doing this 17:32.800 --> 17:34.300 because they are going to be 17:34.880 --> 17:36.180 up against the wall. 17:36.960 --> 17:38.680 They want to stop the war 17:38.680 --> 17:40.240 so to speak. 17:40.500 --> 17:42.280 When they talk about it 17:42.280 --> 17:43.280 and say, let's do this. 17:43.280 --> 17:45.340 Oh, we don't need to have to worry 17:45.340 --> 17:46.320 about car island. 17:46.600 --> 17:48.020 We don't have to worry about this. 17:48.160 --> 17:50.640 We don't have to open up the streets. 17:51.740 --> 17:53.240 I keep thinking 17:53.240 --> 17:54.380 that they're 17:55.640 --> 17:56.160 surrendering. 17:57.380 --> 17:59.060 If they do leave, 17:59.540 --> 17:59.820 that is. 18:00.840 --> 18:02.540 We're just going to close the shop 18:02.540 --> 18:05.280 and let the Europeans worry about their own oil. 18:05.720 --> 18:07.720 That's not likely to happen. 18:09.320 --> 18:11.180 the whole thing is that they're moving 18:11.180 --> 18:13.220 because they're not about to have 18:13.220 --> 18:14.980 celebrations of total victory. 18:15.260 --> 18:16.900 We finally 18:16.900 --> 18:19.320 have converted the Iranians 18:19.320 --> 18:19.840 into 18:21.560 --> 18:23.560 a libertarian society 18:23.780 --> 18:25.740 and they're doing quite well 18:25.740 --> 18:27.000 and getting along with everybody 18:27.000 --> 18:29.460 because there's no victory there. 18:30.260 --> 18:31.480 Most people understand 18:31.480 --> 18:32.360 there's usually no 18:32.360 --> 18:35.240 complete victory in most wars. 18:36.140 --> 18:37.740 There's so much expense 18:37.740 --> 18:39.440 and so many people that get killed. 18:39.440 --> 18:41.460 This is something 18:41.460 --> 18:42.400 that's going on. 18:42.760 --> 18:44.840 When I see these announcements 18:45.400 --> 18:47.660 I say, this is almost like surrender. 18:49.160 --> 18:51.600 Hopefully, maybe this is good 18:51.600 --> 18:53.160 but leave town. 18:53.700 --> 18:55.940 That's my advice a long time ago. 18:56.260 --> 18:57.440 Don't go, but if you go, 18:57.560 --> 18:58.120 go home. 18:58.840 --> 19:00.840 Run into all this frustration 19:01.380 --> 19:02.600 and death and destruction. 19:02.920 --> 19:05.460 You showed this destruction just a minute ago. 19:05.760 --> 19:06.440 One of the things 19:06.440 --> 19:08.440 that we are in the business of here is hard 19:08.440 --> 19:09.840 truth. It's not always pretty. 19:10.860 --> 19:12.460 I thought someone did a great 19:12.460 --> 19:14.360 list of really what the result is 19:14.360 --> 19:16.180 of this war and go to that next one. 19:16.400 --> 19:18.300 This is Najam Ali posting on X. 19:18.840 --> 19:20.280 He's an economist and politician 19:20.280 --> 19:21.940 or a politics expert 19:22.520 --> 19:23.560 University of Michigan. 19:25.160 --> 19:26.200 He was a CEO. 19:26.460 --> 19:27.060 He is a CEO. 19:27.900 --> 19:29.340 He's a guy that we should listen to. 19:29.500 --> 19:31.200 He's been there. He's in academia and business 19:31.200 --> 19:33.920 and here is a very, very interesting 19:33.920 --> 19:35.480 if you go to the next one. 19:35.920 --> 19:38.140 This is really, he said, so after the complete obliteration 19:38.140 --> 19:40.080 of Iran and its military capabilities 19:41.220 --> 19:41.980 the USA 19:41.980 --> 19:43.560 and Israel have achieved the following. 19:44.060 --> 19:45.820 So here are the great achievements of the war, Dr. 19:45.960 --> 19:47.960 Paul. Iran's regime is still in place 19:47.960 --> 19:50.000 and it's more hard line than it ever was before. 19:50.720 --> 19:52.100 Iran is selling more oil 19:52.100 --> 19:53.600 and at $100 a barrel. 19:54.280 --> 19:56.060 The oil sanctions are no longer effective. 19:56.620 --> 19:58.080 Middle East economies have been 19:58.080 --> 19:59.680 devastated and oil infrastructure 19:59.680 --> 20:01.960 damaged with medium term consequences. 20:03.040 --> 20:04.190 Israel is being pounded 20:04.480 --> 20:05.420 from three directions 20:05.790 --> 20:07.840 with considerable damage that's been suppressed 20:07.840 --> 20:08.760 by force. 20:09.240 --> 20:11.740 The US Navy has run away from the Persian Gulf. 20:12.360 --> 20:13.600 Oil prices doubled. 20:13.820 --> 20:14.460 Go to the next one. 20:15.820 --> 20:17.480 This is the number eight. 20:18.220 --> 20:20.120 Iran now controls 20% of the world 20:20.120 --> 20:22.320 oil flows which may increase to 30% 20:22.320 --> 20:23.800 if Iran decides to close 20:23.800 --> 20:25.640 shipping in the Red Sea through the Houthis. 20:26.160 --> 20:27.720 Nine, the Strait of Hormuz will remain 20:27.720 --> 20:30.120 under Iran's control for the foreseeable future. 20:30.680 --> 20:33.080 10, Iran is likely to get out 20:33.080 --> 20:34.500 of the non-proliferation treaty 20:34.500 --> 20:35.880 and develop nuclear weapons. 20:36.580 --> 20:38.380 11, Trump has done so well 20:38.380 --> 20:40.760 in the war that he's likely to lose the midterms. 20:41.940 --> 20:42.900 12, Netanyahu 20:42.900 --> 20:44.560 who used to shamelessly roam around 20:44.560 --> 20:45.720 has been mostly in hiding. 20:46.720 --> 20:49.400 13 US bases in the Gulf have been obliterated 20:49.400 --> 20:50.760 and Iran says the US 20:50.760 --> 20:52.180 must leave the Middle East now. 20:52.880 --> 20:54.300 14, the world is likely to 20:54.300 --> 20:56.480 experience inflation and low economic growth 20:56.480 --> 20:57.280 in the next year. 20:58.060 --> 20:59.520 15, the entire world 20:59.520 --> 21:01.080 opinion has changed in favor 21:01.080 --> 21:01.820 of Iran. 21:02.740 --> 21:05.080 16 NATO and European allies have refused 21:05.080 --> 21:07.200 to participate in the war. 21:07.340 --> 21:09.440 He concludes by saying thank you for your attention 21:09.440 --> 21:10.280 to this matter. 21:11.020 --> 21:13.840 That is a pretty grim 16 points 21:13.840 --> 21:15.220 as a result of the war, Dr. Paul. 21:15.680 --> 21:17.000 That is why you don't go to war 21:17.000 --> 21:19.440 on the advice of neocons like Lindsey Graham 21:19.440 --> 21:21.220 and Marco Rubio and Peacock and 21:21.220 --> 21:22.980 all of these guys, Ted Cruz. 21:23.560 --> 21:25.260 That's why you listen to people who actually 21:25.260 --> 21:27.280 know a little bit about war before you go in. 21:27.360 --> 21:29.260 You know, when Trump was giving instructions 21:29.260 --> 21:31.720 that we're shifting gears here 21:31.720 --> 21:33.600 you could just go get your own oil 21:33.600 --> 21:35.540 if you need it. Go get it. That's what we do. 21:35.740 --> 21:37.700 You know, go get your own oil 21:37.700 --> 21:38.520 and 21:39.040 --> 21:41.040 I just wonder whether they 21:42.620 --> 21:43.900 I've listened carefully 21:43.900 --> 21:44.880 but I don't hear it 21:44.880 --> 21:46.960 and they say as, you know, 21:47.000 --> 21:48.340 Trump says, say those all around. 21:48.580 --> 21:51.020 Go get your own oil. Iran has already 21:51.020 --> 21:52.720 decimated, you know 21:52.720 --> 21:54.100 he doesn't say it but 21:54.100 --> 21:56.820 the war's over 21:56.820 --> 21:58.340 we won. He said it many times. 21:58.360 --> 21:59.680 But they never say, well I want to 21:59.680 --> 22:01.780 hear him say, I want to help him to 22:02.420 --> 22:04.340 explain the consequence of this 22:04.340 --> 22:06.240 so he didn't grant 22:06.240 --> 22:07.100 any 22:09.540 --> 22:10.900 any exemptions to this 22:10.900 --> 22:12.820 I thought he was going to say 22:12.820 --> 22:14.260 oh except for Israel 22:14.260 --> 22:15.980 we'll take care of you 22:15.980 --> 22:16.960 and you know 22:18.800 --> 22:20.820 that even if they didn't move away 22:20.820 --> 22:21.440 one step 22:21.440 --> 22:24.120 but the whole thing is such a mess 22:24.120 --> 22:26.520 I think our intervention, our pretense 22:26.520 --> 22:28.160 I think this makes our case 22:28.160 --> 22:30.760 when you look at what's going on in the Middle East 22:30.760 --> 22:31.900 and all this oil stuff 22:31.900 --> 22:33.920 and I've argued for a long time that 22:33.920 --> 22:36.360 ultimately our foreign policy 22:36.360 --> 22:37.080 of intervention 22:37.980 --> 22:40.380 is not going to be helpful to Israel 22:40.380 --> 22:42.100 because our allies 22:42.100 --> 22:44.860 don't even like us like they have before 22:44.860 --> 22:46.460 what if we still 22:46.460 --> 22:48.000 want to take care of our allies 22:48.000 --> 22:49.880 and what if we 22:49.880 --> 22:51.020 can't do it anymore 22:51.020 --> 22:53.220 what if we don't have the ability 22:53.220 --> 22:54.600 or the money to do this 22:54.600 --> 22:57.100 and this would 22:57.100 --> 22:59.000 really endanger Israel 22:59.000 --> 23:01.480 it's sort of like dependency 23:02.000 --> 23:03.300 raising children 23:03.300 --> 23:04.560 or taking care of families 23:04.560 --> 23:07.280 if you teach very rich 23:07.280 --> 23:08.180 taking care 23:08.180 --> 23:11.740 of their children 23:11.740 --> 23:14.000 by having largesse 23:14.000 --> 23:14.680 and then 23:14.680 --> 23:17.220 they get conditioned to that 23:17.220 --> 23:18.580 so when you 23:18.580 --> 23:20.660 really up against 23:20.660 --> 23:21.480 all big odds 23:21.480 --> 23:24.080 you're not very good at taking care of oneself 23:24.080 --> 23:26.580 and I think that's the reason 23:26.580 --> 23:29.080 I see Israel in greater danger 23:29.080 --> 23:30.080 of course you know 23:30.570 --> 23:32.460 what people have said to say 23:32.460 --> 23:34.000 you know the few people that 23:34.000 --> 23:36.440 I guess we have to admit 23:36.440 --> 23:37.760 a few more are saying 23:38.470 --> 23:40.320 we should sort this out 23:40.320 --> 23:42.720 and the war in Gaza 23:42.720 --> 23:43.820 has helped 23:44.720 --> 23:46.860 make people think about this 23:46.860 --> 23:47.940 issue but 23:47.940 --> 23:49.960 that is to me 23:50.720 --> 23:52.220 something that would be 23:52.220 --> 23:54.400 not easy to accomplish 23:54.400 --> 23:56.120 that would convince people 23:56.120 --> 23:58.860 that self-reliance 23:58.860 --> 24:01.160 even with people in a predicament 24:01.160 --> 24:02.540 that Israel finds themselves 24:02.540 --> 24:04.380 in a territorial 24:04.380 --> 24:06.040 sense that is 24:06.600 --> 24:07.540 something that 24:08.520 --> 24:10.040 I think is conceivable 24:10.040 --> 24:12.480 and I'm not the only one that has ever said this 24:12.480 --> 24:13.040 you know 24:13.820 --> 24:15.460 people have recognized that 24:16.020 --> 24:16.980 all the benefits 24:16.980 --> 24:19.440 all the financial help 24:19.440 --> 24:20.780 and the military help 24:22.660 --> 24:23.220 hasn't 24:23.820 --> 24:26.000 hasn't given them the incentives 24:26.000 --> 24:27.860 to do better with their neighbors 24:27.860 --> 24:29.760 well that's 24:29.760 --> 24:31.940 Najem Ali who I just put up mentioned 24:31.940 --> 24:34.300 he talked about Israel being worse off for this war 24:34.300 --> 24:35.820 as he said number five 24:35.820 --> 24:38.300 Israel being pounded from three different directions 24:38.300 --> 24:39.200 you know 24:39.800 --> 24:40.880 so there you go 24:40.880 --> 24:43.240 but anyway you talked a little bit about Hexeth 24:43.240 --> 24:45.220 Hexeth did a press conference this morning 24:45.220 --> 24:47.780 there seems to be mixed messaging because Hexeth 24:47.780 --> 24:49.080 loves to push out his chest 24:49.080 --> 24:51.400 and pound it and act like the tough guy 24:51.400 --> 24:52.800 go to that next clip 24:52.800 --> 24:54.560 Secretary of War Hexeth 24:54.560 --> 24:57.460 now Trump is talking about an off ramp 24:57.460 --> 24:59.440 and Hexeth is doing the opposite 25:01.580 --> 25:02.020 Secretary 25:02.020 --> 25:03.540 of War Hexeth says 25:03.540 --> 25:05.240 upcoming days will be decisive 25:05.240 --> 25:07.900 and we're damaging Iran's military morale 25:10.240 --> 25:11.360 war Hexeth's 25:11.360 --> 25:12.380 comments hard to say 25:12.380 --> 25:14.340 comments were not quite a mission accomplished 25:14.340 --> 25:16.860 but definitely a reflection on the courage 25:16.860 --> 25:19.320 and completion of systematically destroying 25:19.320 --> 25:21.340 Iran's military capabilities 25:21.340 --> 25:23.280 I don't know Dr. Paul I look at the 25:23.280 --> 25:25.600 missile damage reports every day from Iran 25:25.600 --> 25:26.560 into 25:27.240 --> 25:28.360 Israel and its neighbors 25:28.360 --> 25:31.380 it doesn't look like they have been systematically destroyed 25:32.020 --> 25:33.300 however he also said 25:33.300 --> 25:35.620 he was visiting troops over the region 25:35.620 --> 25:37.360 he says that the upcoming days 25:37.360 --> 25:39.220 will be decisive now he's been saying that 25:39.220 --> 25:40.560 for a couple of weeks Dr. Paul 25:41.440 --> 25:42.360 saying that the 25:42.360 --> 25:45.420 they still expect Iran to launch missiles 25:45.420 --> 25:47.580 but we will shoot down incoming threats 25:47.580 --> 25:49.120 saw reports that 25:49.120 --> 25:50.960 8 out of 10 missiles are getting through 25:50.960 --> 25:53.680 that Iran shoots so that's also another bluff 25:53.680 --> 25:56.000 we're running out of interceptor missiles 25:56.000 --> 25:57.320 very quickly 25:57.320 --> 25:59.800 according to Hexeth sustained US strikes 25:59.800 --> 26:01.760 are not only degrading military assets 26:01.760 --> 26:04.380 but damaging Iran's military morale 26:04.380 --> 26:05.940 triggering widespread 26:05.940 --> 26:08.260 desertions that looks to me more like 26:08.260 --> 26:10.020 psychological warfare 26:10.020 --> 26:12.260 than anything but we do have a video clip 26:12.260 --> 26:14.200 of Hexeth in his briefing 26:14.200 --> 26:14.820 this morning 26:14.820 --> 26:17.420 where he's definitely getting bluster 26:17.420 --> 26:19.420 you want to grab that earpiece Dr. Paul 26:19.420 --> 26:20.900 let's listen to our 26:21.760 --> 26:23.220 illustrious secretary of war 26:23.940 --> 26:25.780 former Fox News host 26:25.780 --> 26:28.480 and DC National Guard member 26:28.480 --> 26:30.080 that second video 26:30.080 --> 26:31.600 if we can put that up and listen to 26:32.540 --> 26:32.960 Hexeth 26:34.800 --> 26:35.940 if we have that one 26:37.040 --> 26:37.820 second video 26:39.820 --> 26:41.300 little trouble playing it 26:42.680 --> 26:44.560 okay we're looking for that third one 26:44.560 --> 26:46.380 but while we're waiting for Hexeth 26:46.380 --> 26:48.360 yeah while we're waiting for Hexeth 26:48.360 --> 26:49.120 yeah so he's 26:49.700 --> 26:52.160 down there you know Dr. Paul the other thing about Hexeth 26:52.160 --> 26:53.220 while we're trying to get that going 26:53.220 --> 26:55.220 you talked about Hexeth 26:55.220 --> 26:56.760 maybe taking some heat 26:56.760 --> 26:57.760 if you remember 26:57.760 --> 27:00.000 I think Trump is already throwing him under the bus 27:00.000 --> 27:01.040 because a few days ago 27:01.040 --> 27:04.220 when Trump was having that staff meeting 27:04.220 --> 27:05.600 and it was all televised 27:06.640 --> 27:07.880 remember what he said 27:07.880 --> 27:10.120 it was Pete's idea to go in 27:10.120 --> 27:11.480 he's the one that wanted this war 27:11.480 --> 27:13.360 and he was saying it as a joke 27:13.360 --> 27:15.340 but sometimes jokes like that 27:15.340 --> 27:17.240 especially when they come from bullies 27:17.240 --> 27:18.880 are signaling to the world 27:18.880 --> 27:20.400 this is Pete's war 27:20.400 --> 27:22.600 and if the tide starts to change 27:22.600 --> 27:23.720 I think in the U.S. 27:24.100 --> 27:25.220 which it has certainly 27:25.220 --> 27:27.280 among all but the MAGA crowd 27:27.280 --> 27:29.040 but even with them if it starts to turn 27:29.040 --> 27:30.360 against this war 27:30.360 --> 27:32.580 I think you're going to see a rapid exit 27:32.580 --> 27:34.000 from Hexeth 27:34.480 --> 27:37.260 so anyway if we can't do that let's just go to that next clip 27:37.760 --> 27:39.680 because you alluded to this Dr. Paul 27:39.680 --> 27:41.180 you teased about this earlier 27:41.180 --> 27:43.300 and this is an F.P. article 27:43.300 --> 27:44.880 but I actually described one from 27:44.880 --> 27:46.840 X this is from AF Post 27:46.840 --> 27:48.380 but if you have F.T. 27:48.380 --> 27:50.600 financial times you can look at it 27:50.600 --> 27:52.580 this is a serious issue Dr. Paul 27:52.580 --> 27:54.460 a broker for war secretary 27:54.460 --> 27:55.420 Pete Hexeth 27:56.140 --> 27:58.680 reportedly tried to make a major 27:58.680 --> 27:59.420 investment 27:59.420 --> 28:01.540 in leading defense firms 28:01.540 --> 28:04.200 in the week before the U.S. Israeli attack 28:04.200 --> 28:04.840 on Iran 28:05.980 --> 28:07.880 Hexeth's broker at Morgan Stanley 28:07.880 --> 28:09.860 contacted BlackRock in February 28:10.380 --> 28:12.360 about making a multi-million dollar 28:12.360 --> 28:13.880 investment in the 28:13.880 --> 28:15.380 Ascent Manager's Defense 28:15.380 --> 28:17.460 Industrial's Active ETF 28:18.160 --> 28:19.740 shortly before the U.S. 28:19.760 --> 28:20.960 launched military action 28:20.960 --> 28:22.380 against Tehran 28:22.380 --> 28:24.480 according to the financial times 28:24.480 --> 28:26.540 now if that is true Dr. Paul 28:26.540 --> 28:29.080 that obviously would be a serious, serious 28:29.080 --> 28:30.460 breach of ethics 28:31.040 --> 28:33.060 in the administration but we've seen 28:33.060 --> 28:35.460 every time Trump has made these announcements 28:35.460 --> 28:37.300 there has been several 28:37.300 --> 28:38.420 people on the inside 28:38.420 --> 28:40.600 with seemingly insider information 28:41.140 --> 28:42.880 that have profited to the tunes of 28:42.880 --> 28:44.820 hundreds of millions of dollars 28:44.820 --> 28:47.340 so I don't know if Pam Bondi 28:47.340 --> 28:48.920 is going to get on it but you might 28:48.920 --> 28:50.380 have a serious problem with corruption 28:50.380 --> 28:52.420 this seems like an event 28:52.420 --> 28:54.200 and very serious 28:54.880 --> 28:55.800 we know 28:55.800 --> 28:59.080 the people they're talking about 28:59.080 --> 28:59.920 but 29:00.750 --> 29:02.560 the bigger picture that's 29:02.560 --> 29:04.800 this looks like a personal 29:04.800 --> 29:06.260 thing that went on 29:06.260 --> 29:08.600 and sort of like gravy on top of it 29:08.600 --> 29:10.280 because we know how strong 29:10.280 --> 29:11.540 the lobbying is 29:11.540 --> 29:13.900 that's where the real action is 29:13.900 --> 29:15.380 he's sort of a 29:16.760 --> 29:18.040 you know 29:18.040 --> 29:19.400 not a big player 29:19.400 --> 29:20.980 maybe he's in the Nancy 29:22.060 --> 29:23.560 policy category or something 29:24.000 --> 29:24.320 but 29:26.280 --> 29:27.980 I mean the military 29:27.980 --> 29:30.340 and the Catholic complex they cover their bases 29:30.340 --> 29:31.620 years before 29:31.620 --> 29:34.400 it's constant and it's been going on for years 29:34.400 --> 29:35.460 and that is 29:35.460 --> 29:37.600 get your people in there that no matter 29:37.600 --> 29:38.560 what their 29:40.060 --> 29:41.540 philosophy has been 29:41.540 --> 29:43.900 about stopping wars and stopping the spending 29:43.900 --> 29:45.700 they seem to lose 29:45.700 --> 29:47.220 all of their 29:47.220 --> 29:49.120 ability to resist 29:49.120 --> 29:51.700 a little bit of pressure so they go along 29:51.700 --> 29:53.800 with it because they don't want to lose their position 29:53.800 --> 29:55.080 we've talked about that a lot 29:55.080 --> 29:56.640 but I think 29:57.420 --> 29:59.340 this is very serious and 29:59.340 --> 30:01.560 I think it does need to be 30:01.560 --> 30:03.860 investigated because in a way 30:03.860 --> 30:05.440 this is an individual 30:05.440 --> 30:07.360 trying to benefit about it 30:07.360 --> 30:09.400 but the other one is individuals 30:09.400 --> 30:11.320 to the tune of thousands of people 30:11.320 --> 30:13.360 benefit about it and then people 30:13.360 --> 30:15.980 sort of are drawn into it 30:15.980 --> 30:16.900 and they don't even realize 30:16.900 --> 30:18.220 this should be questionable 30:18.220 --> 30:21.640 they think that this is the right thing to do 30:21.640 --> 30:23.280 this is the patriotic thing to do 30:23.280 --> 30:24.020 because 30:24.020 --> 30:27.040 when I voted against some of these bills 30:27.040 --> 30:27.660 they 30:28.440 --> 30:31.340 they didn't charge me with corruption 30:31.340 --> 30:33.300 they charged me with 30:34.320 --> 30:34.760 unpatriotism 30:36.540 --> 30:37.420 I didn't 30:37.420 --> 30:39.300 want to take care of the troops you know that stuff 30:39.300 --> 30:41.280 and on this stuff we're not picking 30:41.280 --> 30:43.080 on this administration anyone can go back 30:43.080 --> 30:45.320 and watch the liver report for four years 30:45.320 --> 30:47.420 of Biden we were hammering constantly 30:47.420 --> 30:49.300 on the corruption of that administration 30:50.020 --> 30:50.900 serious stuff 30:50.900 --> 30:53.000 we would have thought maybe this would have been better 30:53.000 --> 30:54.420 but it doesn't look like it is better 30:54.420 --> 30:57.040 I think about this I know time is 30:57.040 --> 30:58.500 fleeting but 30:59.380 --> 31:01.060 if we have a welfare 31:01.060 --> 31:02.960 program which under our terms 31:02.960 --> 31:04.800 would be illegal and unconstitutional 31:04.800 --> 31:06.640 because you take one group 31:06.640 --> 31:08.600 and I use the words you steal from this group 31:08.600 --> 31:11.220 and give it to this other group 31:11.680 --> 31:13.040 but when those programs 31:13.040 --> 31:15.000 are going on as long as you're following 31:15.000 --> 31:16.980 the regulations 31:16.980 --> 31:18.500 you're not doing anything 31:18.500 --> 31:20.520 but what if you take a little bit 31:20.520 --> 31:22.360 off the top as an individual 31:22.960 --> 31:24.000 oh you shouldn't have done it 31:24.000 --> 31:26.500 they shouldn't have done it but the bigger crime 31:26.500 --> 31:28.100 is setting the stage 31:28.100 --> 31:30.480 where they stole a big bundle 31:30.480 --> 31:31.760 from one group and passed 31:31.760 --> 31:32.860 something on to the other 31:32.860 --> 31:35.660 and that's the problem with the country faces 31:35.660 --> 31:37.440 because I think you're always going to have people 31:38.100 --> 31:38.560 stealing 31:38.560 --> 31:41.220 and be corrupt 31:41.220 --> 31:44.100 but they're both evil they're both immoral 31:44.100 --> 31:46.120 but they forget about 31:47.020 --> 31:47.620 the 31:47.620 --> 31:50.100 admonition that when you take money 31:50.100 --> 31:52.040 from one group to subsidize 31:52.040 --> 31:54.540 another group and that's what the military industrial complex 31:54.540 --> 31:55.400 all those 31:55.400 --> 31:57.020 all that new equipment 31:57.020 --> 32:00.000 it sounds fantastic of what they can do 32:00.000 --> 32:01.380 but it's 32:01.380 --> 32:03.340 war games that they're playing 32:03.340 --> 32:05.380 in a very negative sense 32:05.380 --> 32:07.560 they're just going to play with 32:07.560 --> 32:08.940 and test these weapons 32:08.940 --> 32:10.680 maybe the other day that might have been 32:10.680 --> 32:12.480 just a test on a new weapon 32:12.480 --> 32:14.560 a new missile tested on a school in Iran 32:14.560 --> 32:15.740 and killed a bunch of young girls 32:15.740 --> 32:18.520 very sad well I'm going to close out now 32:18.520 --> 32:19.880 put that very last clip up 32:19.880 --> 32:21.640 I didn't even tell you about this Dr. Paul 32:21.640 --> 32:23.240 I got a call when we finished the show yesterday 32:23.240 --> 32:24.840 for Marjorie Taylor Green 32:24.840 --> 32:26.740 we chatted for a while on the phone 32:26.740 --> 32:29.140 I had never talked to her before she's delightful 32:29.140 --> 32:30.320 she's so full of energy 32:30.320 --> 32:33.040 we were chatting about her talk she's really excited 32:33.040 --> 32:35.640 she can't wait to meet you she can't wait to see you 32:35.640 --> 32:37.220 but we were talking about her talk 32:37.220 --> 32:39.380 and she came up with a great title for her speech 32:40.020 --> 32:41.660 it's called Maga is Dead 32:41.660 --> 32:43.080 where do we go from here 32:43.580 --> 32:45.560 so which is interesting really interesting 32:45.560 --> 32:47.620 she's very amped about 32:47.620 --> 32:49.260 a new political movement 32:49.260 --> 32:51.240 about getting away from this 32:51.240 --> 32:52.860 getting away from all this party stuff 32:52.860 --> 32:55.780 so she will be speaking at our conference in a few days 32:56.260 --> 32:57.720 and I mentioned it yesterday 32:58.300 --> 33:00.060 we're about 80% sold out 33:00.060 --> 33:01.760 unless we can secure another section 33:02.600 --> 33:03.780 some more seats in there 33:03.780 --> 33:05.040 we're going to sell out really quickly 33:05.040 --> 33:08.120 and I'm going to get a lot of emails from unhappy people 33:08.120 --> 33:09.740 and there will be nothing I can do about it 33:09.740 --> 33:11.420 so if you are interested in going 33:11.420 --> 33:13.300 go ahead and grab those tickets quick 33:13.300 --> 33:15.260 I'm going to probably stop talking about this 33:15.260 --> 33:17.240 because they're going to sell out too soon 33:17.240 --> 33:19.400 but I just wanted to mention that great call I had 33:19.400 --> 33:20.240 with MTG 33:20.240 --> 33:23.340 and I want to close 33:23.340 --> 33:24.540 with a quickie on 33:25.240 --> 33:27.200 the big picture of what 33:27.200 --> 33:29.140 what happens under these conditions 33:29.140 --> 33:31.160 and you know up leading 33:31.160 --> 33:32.540 to the war and it's been around 33:32.540 --> 33:34.360 especially in the last 10 years 33:34.360 --> 33:37.140 throwing around the word fascism 33:37.140 --> 33:38.080 oh you're a fascism 33:38.080 --> 33:40.860 and sometimes they're half 33:40.860 --> 33:42.640 correct in using the word 33:42.640 --> 33:44.660 but I think they overused the word 33:44.660 --> 33:46.460 because I don't think we've had 33:46.460 --> 33:48.080 actual fascism 33:48.080 --> 33:50.620 but we have a lot of hints that we're moving 33:50.620 --> 33:51.500 in that direction 33:51.500 --> 33:54.380 and Mises warned us if you combine 33:54.380 --> 33:56.240 big business and big government 33:56.240 --> 33:58.160 for a long enough period of time 33:58.160 --> 33:59.780 you exhaust the funds 33:59.780 --> 34:01.600 and then you get very competitive 34:01.600 --> 34:04.080 and then easy taxation 34:04.660 --> 34:06.020 you know comes to an end 34:06.460 --> 34:08.020 and inflating the currency 34:08.020 --> 34:09.200 comes to an end 34:09.200 --> 34:12.580 and that is when it becomes militant 34:12.580 --> 34:14.380 okay what we have to do 34:14.380 --> 34:16.060 is that people aren't following the rules 34:16.060 --> 34:18.420 and then they invite the military 34:18.420 --> 34:19.820 and we've seen that 34:19.820 --> 34:21.540 you know in the last couple years 34:21.540 --> 34:24.300 the military has been cold out on our streets now 34:24.300 --> 34:26.400 and there's a lot of bad people 34:26.400 --> 34:28.540 out in the streets and it's a difficult question 34:28.540 --> 34:30.660 how exactly can you answer 34:30.660 --> 34:32.600 that with a clear 34:32.600 --> 34:34.100 understanding of the Constitution 34:34.100 --> 34:36.020 but I think it's 34:36.020 --> 34:37.780 this whole idea I think 34:38.460 --> 34:40.580 my conclusion is we are moving 34:40.580 --> 34:41.960 toward fascism 34:41.960 --> 34:43.720 but I don't think it's where 34:43.720 --> 34:45.260 most people talk about 34:45.260 --> 34:46.900 because they don't like somebody 34:46.900 --> 34:48.260 oh you're just a fascist 34:48.260 --> 34:49.720 and they're not using the word 34:49.720 --> 34:52.900 we are corporatism 34:53.500 --> 34:54.560 corporatists we use 34:54.560 --> 34:57.180 and we have pushed the corporations together 34:57.180 --> 34:58.320 and 34:58.320 --> 35:01.420 to government and that is why 35:01.420 --> 35:03.440 you see the military industrial complex 35:03.440 --> 35:04.880 the pharmaceutical industry 35:04.880 --> 35:06.940 and on and on they get together 35:06.940 --> 35:08.360 and there are mob rules 35:08.360 --> 35:09.900 they get 51% of the time 35:09.900 --> 35:11.500 I don't understand why the four are left 35:11.500 --> 35:13.900 who pretend they want to help the poor 35:13.900 --> 35:16.800 they decide they put all these groups together 35:17.580 --> 35:19.300 and everybody bids a roof 35:19.300 --> 35:20.460 and they get what they want 35:20.460 --> 35:21.220 and 35:21.220 --> 35:23.160 who gets punished 35:24.860 --> 35:25.740 49% 35:25.740 --> 35:27.360 you have 51% we can take 35:28.700 --> 35:30.540 from the other 49% 35:30.540 --> 35:32.520 and those are the people who vote them in 35:32.520 --> 35:33.820 and think they're getting a deal 35:33.820 --> 35:35.340 and it's all bluff 35:35.340 --> 35:37.580 it's just amazing 35:37.580 --> 35:39.660 that people go along with that 35:39.660 --> 35:41.380 but that leads to the violence 35:41.380 --> 35:42.860 and that's what I fear the most 35:42.860 --> 35:45.800 there will be more violence in sorting this out 35:45.800 --> 35:48.000 because the systems like we have today 35:48.000 --> 35:49.320 do not last 35:49.320 --> 35:51.040 eventually they break down 35:51.040 --> 35:53.200 and it's usually hinted at too 35:53.200 --> 35:55.600 and understood more through the monetary system 35:55.600 --> 35:58.180 and let me tell you I think it is a mess 35:58.180 --> 36:00.100 and it's about to get much worse 36:00.100 --> 36:01.900 I want to thank everybody 36:01.900 --> 36:03.080 for tuning in today 36:03.080 --> 36:04.760 to the Liberty Report 36:05.660 --> 36:06.800 please come back soon