Latest / The Ben Ferguson Podcast / Hunter Biden USED FBI mole to tip off Chinese clients of investigations!

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Hunter Biden USED FBI mole to tip off Chinese clients of investigations! · The Ben Ferguson Podcast

• 0:00
  Speaker 1: Another day and no indictment of Donald Trump. The grand
• 0:05
  Speaker 1: jury was told to go home on Thursday or not
• 0:09
  Speaker 1: show up on Thursday, and they may not even be
• 0:13
  Speaker 1: meeting again until next week. We also know that people
• 0:19
  Speaker 1: are waiting for this watching, We know the media is there.
• 0:23
  Speaker 1: We know that they're still barricades up. We also been
• 0:26
  Speaker 1: told that Bragg has formally quote unquote refused to cooperate
• 0:31
  Speaker 1: with congressional investigation into him. Now, I'm gonna give you
• 0:35
  Speaker 1: that background real quick, and then i'm gonna move on
• 0:37
  Speaker 1: to Hunter Biden because we have some big breaking news
• 0:39
  Speaker 1: with Hunter Biden. Plus we also are going to be
• 0:41
  Speaker 1: joined by your Senator Bill Haggarty to give us an
• 0:45
  Speaker 1: update on what's happening with China and Russia. There are
• 0:48
  Speaker 1: three very big stories today, So let's we'll get through
• 0:51
  Speaker 1: this one with Trump, and then I'm gonna move on
• 0:53
  Speaker 1: this massive news on Hunter Biden. The Manhattan District Attorney
• 0:56
  Speaker 1: Alvin Bragg has quote formally refused to cooperate with a
• 1:00
  Speaker 1: House Republicans congressional investigation into unprecedented abuse of authority against
• 1:07
  Speaker 1: former President Donald Trump, upon the expectation the former president
• 1:11
  Speaker 1: would be arrested this week. In connection with Bragg's investigation.
• 1:17
  Speaker 1: Bragg denied quote providing testimony and documents to the top
• 1:23
  Speaker 1: House Republican leadership due to an unprecedented inquiry into a
• 1:28
  Speaker 1: pending quote local prosecution, he replied officially to the Republicans today. Now,
• 1:37
  Speaker 1: on Monday, the Judiciary Committee Chairman Jim Jordan, the Oversight
• 1:42
  Speaker 1: Committee Chairman James Comer, and Administrative Committee Chairman Brian Steele,
• 1:47
  Speaker 1: all Republicans, demanded Bragg comply with the committee's requests for
• 1:52
  Speaker 1: the documents and testimony in anticipation of the possible indictment.
• 1:58
  Speaker 1: The anticipation was generated after Trump announced on Saturday that
• 2:03
  Speaker 1: he expected to be arrested in the coming days based
• 2:05
  Speaker 1: on illegal leaks from the Manhattan District Attorney's office, which
• 2:09
  Speaker 1: is investigating Trump's alleged role and hush money paid to
• 2:13
  Speaker 1: Stormy Daniels. Now, this is also backed up by just
• 2:17
  Speaker 1: being able to read the tea leaves right. New York
• 2:19
  Speaker 1: City has put all these police officers on uniform duty,
• 2:24
  Speaker 1: mandates everybody to be ready. They're also barricading around Trump Tower.
• 2:29
  Speaker 1: They're barricading at the courthouse where Donald Trump would be arranged.
• 2:34
  Speaker 1: So it's not crazy to think that this was going
• 2:37
  Speaker 1: to happen this week. There's some of the media that
• 2:39
  Speaker 1: are trying to say, oh, Donald Trump didn't get didn't
• 2:42
  Speaker 1: get arrested on Tuesday, like he said, So he's lying
• 2:47
  Speaker 1: about all this, right, he's making it up. I've seen
• 2:51
  Speaker 1: some reports on that If that was true, then you
• 2:54
  Speaker 1: wouldn't have the barricades showing up. You wouldn't have this,
• 2:59
  Speaker 1: you know, this District Attorney Bragg not convening right for
• 3:04
  Speaker 1: multiple days in a row, the grand jury, and you
• 3:07
  Speaker 1: wouldn't have the NYPD preparing for this. You also wouldn't
• 3:11
  Speaker 1: have Washington d C preparing and protecting in case Donald
• 3:17
  Speaker 1: Trump is indicted this week. Everything points to our government
• 3:23
  Speaker 1: and those around Bragg right pointing to an indictment. So
• 3:28
  Speaker 1: the idea that Donald Trump was crazy and just made
• 3:32
  Speaker 1: this story up, which is what some of the media
• 3:34
  Speaker 1: have now been pushing, is absurd. The barricades and everything
• 3:38
  Speaker 1: happening with our government from DC to New York is
• 3:42
  Speaker 1: proof they knew this was coming this week. Now if
• 3:45
  Speaker 1: they delayed it or people got to brag and try
• 3:48
  Speaker 1: to push Bragg to not indict Donald Trump, and that's
• 3:51
  Speaker 1: why they have not met the grand jury for the
• 3:54
  Speaker 1: last several days that could be part of it. Democrats
• 3:57
  Speaker 1: have been putting extreme pressure on Bragg this week to
• 4:02
  Speaker 1: not make this mistake. Now, this anticipation that the media
• 4:07
  Speaker 1: is now trying to say was maybe a Trump lie
• 4:09
  Speaker 1: made up all along again, fight back with that it's absurd.
• 4:14
  Speaker 1: The government wouldn't be reacting the way they are if
• 4:16
  Speaker 1: they didn't have insider information about what was about to
• 4:20
  Speaker 1: come down. Now, the letter only came just so you know,
• 4:24
  Speaker 1: to brag after Donald Trump created a false expectation that
• 4:29
  Speaker 1: he would be arrested the next day and his lawyer
• 4:32
  Speaker 1: reportedly urged you to intervene. Bragg replied to Republicans again,
• 4:38
  Speaker 1: he's now making things up. Neither fact is a legitimate
• 4:41
  Speaker 1: basis quote for a congressional inquiry. If that is true again,
• 4:46
  Speaker 1: this coming from the District Attorney of New York Bragg
• 4:49
  Speaker 1: and in emailing or responding to Jim Jordan, to James Comer, etc.
• 4:55
  Speaker 1: Claiming this is all Trump's fault, Then why is it
• 4:58
  Speaker 1: that everybody around you is preparing for a clear indictment?
• 5:03
  Speaker 1: Now the discal attorney is quote obliged by the federal
• 5:05
  Speaker 1: and state constitution to protect the independence of state law
• 5:09
  Speaker 1: enforcement functions from federal interference. He also went on to add,
• 5:14
  Speaker 1: now Bragg's response also comes to the Republicans of Ray's
• 5:17
  Speaker 1: concerning questions about Bragg's investigation. Was the Manhattan DA's office
• 5:23
  Speaker 1: in communication is one of the questions with adj about
• 5:27
  Speaker 1: their investigation of President Trump. Jim Jordan asked that question
• 5:31
  Speaker 1: a very important one. Was the Manhattan DA's office using
• 5:36
  Speaker 1: federal funds to investigate President Trump? Also a very important question.
• 5:43
  Speaker 1: I think we should hear from Alvin Braggs testimony before Congress.
• 5:49
  Speaker 1: I don't think there's any problem with that under oath
• 5:52
  Speaker 1: is what the Republican said about his vision and the
• 5:56
  Speaker 1: fact that this is widely political and just that we
• 6:00
  Speaker 1: are wanting to know what he is doing. Right, Was
• 6:03
  Speaker 1: this not pursued by federal courts and the fact that
• 6:06
  Speaker 1: the Department of Justice passed on this? Was that brought
• 6:09
  Speaker 1: up again another question that's being asked of Alan Bragg,
• 6:13
  Speaker 1: A normal question that should be asked of him. Now,
• 6:17
  Speaker 1: many legal experts, as we've covered on this show, including Democrats,
• 6:24
  Speaker 1: have said that they think this is an extremely difficult
• 6:30
  Speaker 1: and stretching to try to indict Donald Trump for what
• 6:34
  Speaker 1: they're trying to indict him for all. Right, before I
• 6:38
  Speaker 1: get into that, I want to talk to you real
• 6:40
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• 7:54
  Speaker 1: is the Shapiro Professor of Public Interest Law at George
• 7:57
  Speaker 1: Washington University, said, quote, the case is legally pathetic. It's
• 8:03
  Speaker 1: extremely difficult to show that paying money to cover up
• 8:07
  Speaker 1: an embarrassing affair was done for election purposes, as opposed
• 8:11
  Speaker 1: to an array of obvious other reasons, including protecting a
• 8:15
  Speaker 1: celebrity's reputation, also including preserving a marriage. So the idea
• 8:22
  Speaker 1: that they can claim now that they knew the full
• 8:26
  Speaker 1: intent of Donald Trump when this money was paid, or
• 8:29
  Speaker 1: Michael Cohen who says that he paid this money without
• 8:32
  Speaker 1: Donald Trump even knowing about it, that's another part of
• 8:35
  Speaker 1: this case. And Michael Cohen is clearly someone that has
• 8:38
  Speaker 1: an ax to grind with a former president. Right. This
• 8:41
  Speaker 1: is a guy that's been to jail. That's a guy
• 8:43
  Speaker 1: you can't trust as a guy that has broken laws.
• 8:46
  Speaker 1: In my opinion, he is not a credible witness. And
• 8:50
  Speaker 1: this apparently is the government's main witness is Michael Cohen,
• 8:55
  Speaker 1: who has an axe to grind with Donald Trump. He
• 8:59
  Speaker 1: has been on TV hour after hour after hour, day
• 9:04
  Speaker 1: after day, ripping on Donald Trump. It's obvious that he's
• 9:09
  Speaker 1: angry and he wants to bring down Trump. And that's
• 9:13
  Speaker 1: your star witness. Now, I guess that works in New
• 9:16
  Speaker 1: York City. But it doesn't mean that Alan Bragg should
• 9:20
  Speaker 1: be able to get away with this, and it doesn't
• 9:22
  Speaker 1: mean that you should be able to arrest a former
• 9:24
  Speaker 1: president of the United States of America. The way that
• 9:27
  Speaker 1: they are talking about it right now, this is a
• 9:30
  Speaker 1: disaster for the Democrats now having the grand jury. Should
• 9:35
  Speaker 1: you read into this that they for two days have
• 9:39
  Speaker 1: been said have been told don't come in when apparently
• 9:42
  Speaker 1: they were going to call some other witnesses. I don't
• 9:45
  Speaker 1: know what it means. I think Alan Bragg is taking
• 9:49
  Speaker 1: a lot of heat from a lot of Democrats. Do
• 9:51
  Speaker 1: I think he's in so deep that he may feel
• 9:54
  Speaker 1: like I have to charge Donald Trump even if I lose,
• 9:57
  Speaker 1: just so I don't look like I back down. There's
• 9:59
  Speaker 1: a ance of that. But then there's also the other
• 10:02
  Speaker 1: part of this, and that's just the political aspect of it.
• 10:04
  Speaker 1: If you're Alan Bragg, is there a downside if you're
• 10:09
  Speaker 1: running for governor of doing this and overcharging Donald Trump.
• 10:13
  Speaker 1: I don't know, because there's a lot of people that
• 10:16
  Speaker 1: are going to look at you as they're weird, messed
• 10:20
  Speaker 1: up hero. Okay, there's gonna be a lot of people
• 10:23
  Speaker 1: that are gonna look at you and go, hell yeah, Alan,
• 10:26
  Speaker 1: I'll support you for trying to lock up Donald Trump. Now,
• 10:30
  Speaker 1: Alan Bragg's not trying to run for president. He is
• 10:33
  Speaker 1: apparently trying to run for the governor of New York.
• 10:36
  Speaker 1: New York is a hard core liberal city. So this idea,
• 10:41
  Speaker 1: Alan is ultimately asked to decide do I pick up
• 10:45
  Speaker 1: enough supporters in New York because that's all that matters
• 10:48
  Speaker 1: to him or New York City, even if the rest
• 10:52
  Speaker 1: of the Democratic Party is telling me, don't do it, right,
• 10:55
  Speaker 1: don't do it. There is money to be made off
• 10:59
  Speaker 1: of hating Donald Trump. If you don't believe me, ask
• 11:02
  Speaker 1: Adam Kinsinger. There are people that have gotten contracts just
• 11:06
  Speaker 1: off of hating on Donald Trump. Hell, asked Michael Cohen.
• 11:10
  Speaker 1: He is a darling of the left. Look at the
• 11:12
  Speaker 1: chick that worked for Trump, who's now the quote fake
• 11:15
  Speaker 1: conservative on the view who made money off of this?
• 11:19
  Speaker 1: Why did she get that job because she started ripping
• 11:22
  Speaker 1: on Donald Trump or former Boss. I want to move
• 11:25
  Speaker 1: on to another important issue, and I mentioned this earlier.
• 11:29
  Speaker 1: It deals with Hunter Biden. We are now being told
• 11:32
  Speaker 1: that Hunter Biden used an FBI mole an insider named
• 11:40
  Speaker 1: one Eye to tip him off to the China probes.
• 11:45
  Speaker 1: A new tipster has revealed this after many people have
• 11:50
  Speaker 1: been obsessing with good reason over who is the unnamed
• 11:54
  Speaker 1: Biden that was taking money from the Chinese Communist Party.
• 11:58
  Speaker 1: We know the Biden crime family, expect expanded with Howie
• 12:03
  Speaker 1: Biden taking money from the Chinese, but there was one
• 12:07
  Speaker 1: Biden who was unnamed. Who is that person? A lot
• 12:11
  Speaker 1: of people have been guessing, saying it's got to be
• 12:13
  Speaker 1: Joe Biden. That money was going directly to Joe Biden.
• 12:17
  Speaker 1: Miranda Divine, who was the author of Laptop from Hell,
• 12:20
  Speaker 1: broke some news when she went on Fox Business and
• 12:23
  Speaker 1: said this about who the other Biden is that was
• 12:27
  Speaker 1: taking payments for the Chinese Communist parties. Well, companies, take
• 12:32
  Speaker 1: a listen, and I heard you earlier. House Republicans have
• 12:36
  Speaker 1: only had subpoena power for two months and we already
• 12:39
  Speaker 1: know four immediate members of the Biden family have received money.
• 12:45
  Speaker 1: Hunter Jim Haley, and one unnamed Biden. It's astonishing. Who's
• 12:50
  Speaker 1: the fourth unnamed Biden? Is the question? So far? Hi Dagon, Look,
• 12:57
  Speaker 1: I think everyone wants that fourth person to be Joe Biden,
• 13:00
  Speaker 1: but I don't know. But I would very much doubt
• 13:03
  Speaker 1: that it is, because Joe Biden has been doing this
• 13:07
  Speaker 1: sort of influence peddling scheme for four decades out of Delaware.
• 13:11
  Speaker 1: He's very practiced at it. As his brother Jim Biden
• 13:15
  Speaker 1: told Tony bob Lynsky, it's all about plausible deniability. So
• 13:20
  Speaker 1: I doubt that there's any direct payment to Joe Biden
• 13:24
  Speaker 1: that is going to be uncovered so easily. But it
• 13:28
  Speaker 1: will be some other obviously, some other family member whose
• 13:32
  Speaker 1: surname is Biden. It's really extraordinary that the bank accepted
• 13:36
  Speaker 1: this wire with just one name, just one name. It
• 13:44
  Speaker 1: is extraordinary. But if you're a Biden bank and you
• 13:49
  Speaker 1: know it's going to Biden, are you going to start
• 13:51
  Speaker 1: asking a lot of questions? No, you just fill out
• 13:54
  Speaker 1: that suspicious activity report and you wait for nothing to
• 13:57
  Speaker 1: happen so that you covered or as as the bank. Now,
• 14:02
  Speaker 1: now we also know that Hunter Biden apparently had an
• 14:06
  Speaker 1: FBI mold mole named one eye who tipped off his
• 14:10
  Speaker 1: Chinese business partners that they were under investigation. Let me
• 14:14
  Speaker 1: say that again. They didn't just tip off Biden. They
• 14:17
  Speaker 1: tipped off Biden's okay business partners that they were under investigation.
• 14:24
  Speaker 1: This is your deep state working against you. That according
• 14:28
  Speaker 1: to an Israeli energy expert who was arrested in Cyprus
• 14:32
  Speaker 1: last month on gun running charges. The House Oversight Committee
• 14:37
  Speaker 1: that is investigating the explosive claim by a doctor Galloft,
• 14:42
  Speaker 1: a former Israeli Defense Forces lieutenant colonel with deep intelligence
• 14:47
  Speaker 1: ties in Washington and Beijing, who says he was arrested
• 14:52
  Speaker 1: to stop him from revealing what he knew about the
• 14:54
  Speaker 1: Biden family and the FBI corruption. He said details he
• 14:58
  Speaker 1: told the Department of Justice, he says, back in twenty nineteen,
• 15:02
  Speaker 1: and they say that he was ignored. Love to his
• 15:05
  Speaker 1: fifty six first made the claims on February the eighteenth
• 15:10
  Speaker 1: on Twitter after being detained at a Cypress airport as
• 15:14
  Speaker 1: he prepared to board a plane to Israel, saying, I've
• 15:17
  Speaker 1: been arrested in Cyprus on a politically motivated extradition request
• 15:22
  Speaker 1: by the US. The US is claiming I'm an arms dealer.
• 15:26
  Speaker 1: It would be funny if I weren't, if it weren't tragic.
• 15:29
  Speaker 1: I've never been an arms dealer. The DOJ is trying
• 15:34
  Speaker 1: to bury me to protect Joe, Jim Hunt, and Hunter Biden.
• 15:38
  Speaker 1: The tweet went on to say this is shocking by
• 15:43
  Speaker 1: the way Luff remains in jail awaiting extradition to the
• 15:47
  Speaker 1: US over what he says are trumped up charges of
• 15:50
  Speaker 1: arms trafficking to China and Libya and violations of the
• 15:54
  Speaker 1: Foreign Agents Registration Act. Through his American lawyer, Love said
• 15:59
  Speaker 1: he tried four years ago to inform the DOJ the
• 16:04
  Speaker 1: Chinese state controlled energy company CEFE had paid one hundred
• 16:08
  Speaker 1: thousand a month to President Biden's son Hunter and sixty
• 16:12
  Speaker 1: five thousand to Joe's brother Jim in exchange for their
• 16:17
  Speaker 1: FBI connections and use of the Biden name to protect
• 16:21
  Speaker 1: China's Belt and Road initiatives around the world. Luff learned
• 16:26
  Speaker 1: about the scheme through his ownership with huntered Chinese business
• 16:30
  Speaker 1: partner Patrick Hoe and Ye, the chairman of ce FE
• 16:37
  Speaker 1: WOW from two thousand and fifteen to two thou eighteen,
• 16:43
  Speaker 1: Left organized international energy conferences in partnership with Hoe and
• 16:48
  Speaker 1: host think tank, the nonprofit China Energy Fund Committee known
• 16:52
  Speaker 1: as ce CEFE USA, a front organization for CEFE. Ye
• 16:59
  Speaker 1: confide to Left that Hunter had an informant in the
• 17:02
  Speaker 1: FBI or formerly of the Bureau, extremely well placed, who
• 17:06
  Speaker 1: they paid lots of money to provide seal law enforcement information.
• 17:11
  Speaker 1: The FBI mole was called one Eye. One Eye told
• 17:15
  Speaker 1: Ye that the Southern District of New York was investigating
• 17:19
  Speaker 1: him and or Hoe in late twenty seventeen, and that
• 17:24
  Speaker 1: an Asian, an African, and a Jewish guy were named
• 17:27
  Speaker 1: on a sealed indictment. Soon after that tip off, Ye
• 17:33
  Speaker 1: offered Hunter a million dollars to be his private council
• 17:37
  Speaker 1: and flew to China, leaving his wife, daughter, son, mother,
• 17:40
  Speaker 1: and nanny in his fifty million dollars penthouse at fifteen
• 17:44
  Speaker 1: Central Park West. He was attained in Shanghai three months
• 17:48
  Speaker 1: later and then disappeared and has never been seen. Before
• 17:52
  Speaker 1: he left New York, he told Ho that the coast
• 17:55
  Speaker 1: was clear for him to come back to the US
• 17:57
  Speaker 1: of A. On November the eighteenth to seventeen, Hoe flew
• 18:02
  Speaker 1: into JFK Airport, where he was arrested by FBI agents
• 18:05
  Speaker 1: on bribery and money laundering charges. Ho was the patsy,
• 18:10
  Speaker 1: the fall guy, says he nuch Ho was convicted in
• 18:15
  Speaker 1: December of two thou eighteen without calling a single witness.
• 18:21
  Speaker 1: He served three years in jail and was deported. Prosecutors
• 18:24
  Speaker 1: place a spotlight in his case on China's use of
• 18:28
  Speaker 1: foreign bribery to win contracts for its Belt and Road initiative.
• 18:33
  Speaker 1: Hunter was paid a million dollars by CEFE to represent Hoe,
• 18:39
  Speaker 1: which entered which entailed contacting his FBI sources on Hoe's
• 18:45
  Speaker 1: behalf and engaging another attorney to do the legal work.
• 18:48
  Speaker 1: According to emails on Hunter Biden's laptop, all of this
• 18:52
  Speaker 1: checks out now. CEFE paid a further four point nine
• 18:57
  Speaker 1: million dollars to Hunter and Jim in monthly installments for
• 19:02
  Speaker 1: fourteen months from August of twenty seventeen. Government records also prove.
• 19:08
  Speaker 1: The House Oversight Committee has released bank statements last week
• 19:13
  Speaker 1: showing an additional million sixty five thousand was funneled from
• 19:17
  Speaker 1: a Chinese company affiliated with CEFE to Hunter Biden Jim
• 19:20
  Speaker 1: Biden halle Biden, Hunter's former lover and widow of his
• 19:24
  Speaker 1: late brother Bo. Payments were made in increments over three
• 19:27
  Speaker 1: months through Biden associate Rob Walker, whose wife Betsy had
• 19:31
  Speaker 1: been personal assistant to the then Second Lady Jill Biden.
• 19:37
  Speaker 1: Loves claims he contacted the d o J after Hoe
• 19:41
  Speaker 1: was jail and federal investigators flew to Brussels to interview
• 19:44
  Speaker 1: him for more than eighteen hours, he says, on March
• 19:47
  Speaker 1: to twenty eighth and twenty ninth of twenty nineteen, but
• 19:50
  Speaker 1: he never heard from them again. In less than four
• 19:52
  Speaker 1: weeks later, Joe Biden announced he was running for president.
• 19:55
  Speaker 1: The DJ had this information, this whistle blower, who's now
• 20:00
  Speaker 1: been detained in Cyprus. He said, the DJ had this
• 20:05
  Speaker 1: information in March twenty nineteen and did nothing. He said
• 20:08
  Speaker 1: this week from Israel, where he was fighting Luff's extradition.
• 20:13
  Speaker 1: Congress has the Biden bank records, but it doesn't know
• 20:16
  Speaker 1: the reasons for the payments. Now it does, the information
• 20:20
  Speaker 1: that the whistle blower, door doctor Luff, gave the DJ
• 20:24
  Speaker 1: four years ago is the missing link for the reason
• 20:27
  Speaker 1: behind the China Biden money transfers. Clearly, this is explosive stuff,
• 20:31
  Speaker 1: quote unquote. We also know they's been speaking with Congressional investigators.
• 20:36
  Speaker 1: Oversight Committee Chairman James Comer confirmed to the Post. Luft
• 20:41
  Speaker 1: is well connected and intelligent circles in DC, where he
• 20:44
  Speaker 1: runs a think tank, the Institute for Analysis and Global Security,
• 20:47
  Speaker 1: with former CIA director James Woolsley and former National Security
• 20:51
  Speaker 1: Advisor Robert McFarlane as advisors. In Israel, his attorney was
• 20:56
  Speaker 1: quote in the Jerusalem Post saying Luf's arrest was a
• 20:58
  Speaker 1: good way to shut him up because he knows a
• 21:01
  Speaker 1: lot of information on Hunter Biden. The US Congress only
• 21:05
  Speaker 1: recently began to investigate Hunter's case and Gal's testimony with
• 21:11
  Speaker 1: will Barry Hunter Biden, they said, even more so, his
• 21:14
  Speaker 1: testimony will shift the attention towards the president himself, quote unquote.
• 21:19
  Speaker 1: I expect more of this story to break over the
• 21:22
  Speaker 1: next couple of days and responses probably from the Biden
• 21:25
  Speaker 1: crime family. We will have that for you, I can
• 21:28
  Speaker 1: promise you that. But I want to get into some
• 21:30
  Speaker 1: other major news that I want to talk about that
• 21:32
  Speaker 1: includes China, and also I'm gonna get a response on
• 21:36
  Speaker 1: Hunter Biden from my guests, now, US Senator from Tennessee,
• 21:39
  Speaker 1: Bill Haggerty. All right, before I get into that, I
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• 23:02
  Speaker 1: to start first off, though, with what's been happening in
• 23:04
  Speaker 1: the banking world. Let's start first with Silicon Valley Bank,
• 23:09
  Speaker 1: the collapse, this bailout. Let's start with was this avoidable?
• 23:15
  Speaker 1: And the administration is trying to spend this as it's
• 23:19
  Speaker 1: not a bailout. You have Janet Yellen saying we're going
• 23:21
  Speaker 1: to bail out other banks if they fail, but that
• 23:25
  Speaker 1: contradicts what they said about this bank. I look at
• 23:29
  Speaker 1: their deposits. We find out that about only ten percent
• 23:33
  Speaker 1: of all the money that was in Silicon Valley Bank
• 23:35
  Speaker 1: was actually covered by FDIC, meaning they had deposits well
• 23:38
  Speaker 1: above a quarter of a million dollars, and that is
• 23:41
  Speaker 1: not healthy. Regulators are supposed to regulate that stuff, and
• 23:46
  Speaker 1: they apparently just didn't care because this was the perfect,
• 23:49
  Speaker 1: woke Silicon Valley bank that can do whatever the hell
• 23:51
  Speaker 1: they want to and they knew, I think they knew
• 23:54
  Speaker 1: that America would bail them out. Well, you ask about failures,
• 23:58
  Speaker 1: they're failures at three on this, and let's start at
• 24:01
  Speaker 1: the beginning. The first failure was the management team itself
• 24:04
  Speaker 1: a Silicon Valley Bank. Then if you think about it,
• 24:08
  Speaker 1: they let the chief risk officer positions stay open for
• 24:12
  Speaker 1: eight months leading up to the collapse. I don't know
• 24:15
  Speaker 1: what they were doing with their time. They're talking about
• 24:17
  Speaker 1: a five billion dollar green energy fund, you know, they're
• 24:20
  Speaker 1: talking about meeting their diversity, equity and inclusion goals. But
• 24:23
  Speaker 1: they weren't paying attention to the liquidity of the bank.
• 24:26
  Speaker 1: So a massive failure on the part of management. They
• 24:29
  Speaker 1: will pay the price for this. They're out of a
• 24:31
  Speaker 1: job right now, and I think that they need to
• 24:33
  Speaker 1: be held to account. But the next step is who
• 24:36
  Speaker 1: was responsible for overseeing this bank? The San Francisco Fed.
• 24:39
  Speaker 1: Where were they? If you think about it, there were
• 24:42
  Speaker 1: stock analysts in Wall Street talking about the problems that
• 24:47
  Speaker 1: manifested themselves on the balance sheet of Silicon Valley Bank,
• 24:49
  Speaker 1: the liquidity problem, the mismatch of maturities as early as
• 24:52
  Speaker 1: last ball. Yet the San Francisco Fed did nothing. They
• 24:56
  Speaker 1: were getting monthly, monthly detailed lookdity reports that would have
• 25:01
  Speaker 1: shown them that this problem in terms of having you know,
• 25:04
  Speaker 1: far too many long dated securities at low low interest
• 25:07
  Speaker 1: rates at Silicon Valley Bank evidently just gorged itself on
• 25:10
  Speaker 1: as their deposits were ramping up during it during the pandemic.
• 25:14
  Speaker 1: They should have known that this was a problem. They
• 25:16
  Speaker 1: didn't do their job. And then the final failure happened
• 25:18
  Speaker 1: over the weekend when the FDIC shut it down. They
• 25:21
  Speaker 1: failed the auction. The right answer would have been on
• 25:24
  Speaker 1: Monday morning for them to announced here's the new buyer. Uh,
• 25:27
  Speaker 1: you know, we've taken some sort of haircut on this
• 25:29
  Speaker 1: particular bank, but there's a new you know, a new
• 25:32
  Speaker 1: buyer in charge. We haven't manifested this out and spread
• 25:35
  Speaker 1: the risk over the entirety of the banking community in America,
• 25:38
  Speaker 1: but we've we've contained it with one bank. They ran
• 25:41
  Speaker 1: an auction, they mismanaged it. They told me that they
• 25:44
  Speaker 1: had a buyer, but a bitter i should say, but
• 25:47
  Speaker 1: for some reason they couldn't close the deal. We got
• 25:49
  Speaker 1: to get to the bottom of that too, because now
• 25:50
  Speaker 1: where we are is completely unchartered waters. Where you've got
• 25:54
  Speaker 1: you know, the Federal Reserve, and you've got the Treasury,
• 25:56
  Speaker 1: and you've got the FDIC, you know, all of them
• 25:58
  Speaker 1: giving sort of mixed message. But at the end of
• 26:01
  Speaker 1: the day, we got to ask ourselves, are all deposits
• 26:03
  Speaker 1: in America now completely insured? Yeah. Well, and then there's
• 26:06
  Speaker 1: this question if they if this is the new answer
• 26:11
  Speaker 1: that if you are a bank that takes risks based
• 26:14
  Speaker 1: on political ideology and wokeness, which is what this bank
• 26:18
  Speaker 1: was doing. They gave a millions and millions of dollars
• 26:21
  Speaker 1: in donations to Democrats. They gave millions and millions of
• 26:24
  Speaker 1: dollars in donations to things like Black Lives Matter and
• 26:28
  Speaker 1: green and woke ideology. They basically were buying an insurance
• 26:34
  Speaker 1: policy by doing that to ensure all of their deposits.
• 26:39
  Speaker 1: They were gambling with this bank the entire time. Hey,
• 26:43
  Speaker 1: we're we picked the right horses here, We picked the
• 26:46
  Speaker 1: right ideology to get a bail out if we need it.
• 26:49
  Speaker 1: And that's what they got. And the American people are
• 26:52
  Speaker 1: on the hook for this bill out, even if the
• 26:56
  Speaker 1: Democrats continue to stare you in the face and lie
• 26:58
  Speaker 1: to you. And it brings it reminds me so much,
• 27:00
  Speaker 1: Senator of fts FTX is this was that that cryptocurrency
• 27:05
  Speaker 1: exchange for people that may not remember, it went belly
• 27:09
  Speaker 1: up right after three days after the elections, and the
• 27:15
  Speaker 1: ft the FTX owner CEO the Sam Bankman Freed was
• 27:21
  Speaker 1: the number two donor to the Democratic Party. He was
• 27:25
  Speaker 1: a mega donor. The only person that beat him h
• 27:30
  Speaker 1: was one guy who's even, you know, even more extreme
• 27:33
  Speaker 1: and more liberal than he was. But he clearly was
• 27:38
  Speaker 1: getting favors and not having to worry about regulations until
• 27:42
  Speaker 1: three days after election the mid terms, they took his money,
• 27:45
  Speaker 1: they cast his check Senator, and they knew that he
• 27:48
  Speaker 1: was running what I would refer to as a Ponzi scheme.
• 27:51
  Speaker 1: The signs were also there. Yeah, the difference between FTX
• 27:55
  Speaker 1: and the situation was Silicon Valley Bank is that FTX
• 27:58
  Speaker 1: was operating out of the Bahamas. It wasn't a US
• 28:00
  Speaker 1: regulate identity, so we didn't have any regulatory oversight there.
• 28:04
  Speaker 1: That's why I've been arguing that we need to put
• 28:06
  Speaker 1: regulations in place for cryptocurrencies. The Democrats want to fight
• 28:09
  Speaker 1: that too, But with respect to what happened to Silicon
• 28:12
  Speaker 1: Valley Bank, you hit the nail on the head. And
• 28:14
  Speaker 1: what they've done is it looks terrible. The dozen members
• 28:17
  Speaker 1: of that board all well healed Biden donors by the way,
• 28:20
  Speaker 1: as I understand it, but only one of them had
• 28:23
  Speaker 1: any sort of relevant experience at all. It seems to
• 28:26
  Speaker 1: me that their experience must be who you socialize with,
• 28:29
  Speaker 1: and you know how walked you might be able to
• 28:31
  Speaker 1: present yourself in public. That is not a good sign,
• 28:35
  Speaker 1: a good message to send to America. Because we're sitting
• 28:38
  Speaker 1: in Tennessee, guy community bankers calling me right, left and center,
• 28:41
  Speaker 1: saying would I be covered? Would I be covered if
• 28:44
  Speaker 1: if we somehow mismanagement bank and we had to run
• 28:46
  Speaker 1: on it? Or is this something that only works if
• 28:49
  Speaker 1: you're in New York City or if you are in California.
• 28:53
  Speaker 1: Is it a blue state? Is it a two tiered phenomena,
• 28:56
  Speaker 1: just like we see in our justice system, a two
• 28:58
  Speaker 1: tiered system of justice depending on your political views, or
• 29:02
  Speaker 1: is it a two tiered banking system here where you'll
• 29:05
  Speaker 1: be covered if you align yourself with the right sort
• 29:08
  Speaker 1: of leftist ideology. It's a real, real concern and we've
• 29:12
  Speaker 1: got to clean this up. Well, let me ask you
• 29:15
  Speaker 1: one other question about the banks just for a second,
• 29:18
  Speaker 1: and then I want to move on to payments going
• 29:20
  Speaker 1: to the Biden crime family from China. But when you
• 29:23
  Speaker 1: look at the bank and the deposits, there's no doubt
• 29:26
  Speaker 1: that this was a run on the bank. The amount
• 29:27
  Speaker 1: of money that was pulled out was an incredible amount
• 29:30
  Speaker 1: of money from Silicon Valley Bank. But somebody had to
• 29:35
  Speaker 1: have made a bunch of money on this shortingness bank.
• 29:38
  Speaker 1: And is there going to be any investigation of who
• 29:41
  Speaker 1: got rich during those final days and hours that may
• 29:45
  Speaker 1: have shorted that bank knowing that this bank was in
• 29:48
  Speaker 1: a bad position and made a hell of a lot
• 29:50
  Speaker 1: of cash off of it. Because I don't think that
• 29:52
  Speaker 1: this happened organically. I think some people knew what were
• 29:55
  Speaker 1: what was about to go down. That certainly could be
• 29:59
  Speaker 1: the case. Again, the SEC will have that information, and
• 30:02
  Speaker 1: I think you know some of the troubles we've had
• 30:04
  Speaker 1: with the leadership at the SEC again prioritizing woke agenda
• 30:08
  Speaker 1: over doing their job. The SEC is imposing all types
• 30:11
  Speaker 1: of rules, proposing to force companies to report climate information
• 30:16
  Speaker 1: that they couldn't possibly obtain, just so that they can
• 30:19
  Speaker 1: have everybody in a football situation and come in andto
• 30:22
  Speaker 1: as they please. So you've got a financial set of
• 30:25
  Speaker 1: financial regulators here that are trying to contort the system
• 30:28
  Speaker 1: to achieve political objectives rather than doing their job. And
• 30:31
  Speaker 1: we've just seen it manifest itself in this entire discussion
• 30:34
  Speaker 1: where the San Francisco FED failed where the FDIC failed,
• 30:36
  Speaker 1: and we'll see if the SEC does its job, but
• 30:39
  Speaker 1: I'm not optimistic giving their fast behavior. Well, last question
• 30:43
  Speaker 1: this is because you mentioned a moment ago regional banks
• 30:46
  Speaker 1: and there's a lot of people that are concerned about
• 30:47
  Speaker 1: their money right now just because of how fast has
• 30:50
  Speaker 1: happened and went down. Are you confident that regional banks,
• 30:55
  Speaker 1: mom and pop banks are still in good financial order
• 30:59
  Speaker 1: in Tennessee? Is that there are any issues there? Are
• 31:03
  Speaker 1: you worried that there could be more run on banks
• 31:05
  Speaker 1: because of what happened with this bank. I certainly was
• 31:10
  Speaker 1: alarmed the weekend that this all began to fall apart
• 31:13
  Speaker 1: with Silicon Vallet Bank. As soon as they put him
• 31:15
  Speaker 1: into receivership, I started reaching out and talking to bankers
• 31:18
  Speaker 1: in Tennessee. The good news is we've got a very
• 31:21
  Speaker 1: stable banking system in Tennessee. Commissioner Greg Gonzalez does a
• 31:24
  Speaker 1: terrific job in Tennessee. I think he's the best banking
• 31:26
  Speaker 1: commissioner in the nation. And Greg reached out us. When
• 31:29
  Speaker 1: I spoke with him two days ago, he'd already talked
• 31:32
  Speaker 1: with ninety six of the one hundred and eleven community
• 31:35
  Speaker 1: banks that we have in Tennessee. They have seen no
• 31:37
  Speaker 1: evidence of a run whatsoever. He said, frankly, some of
• 31:40
  Speaker 1: them are seeing more money coming in, perhaps coming out
• 31:43
  Speaker 1: of California, New York. I'm not sure the source of that,
• 31:46
  Speaker 1: but they've actually seen more deposits coming in. It's a
• 31:48
  Speaker 1: legitimate concern. I have not seen it manifest itself. And
• 31:52
  Speaker 1: to help sort of calm calm the minds of a
• 31:55
  Speaker 1: lot of people who may be listening right now, the
• 31:57
  Speaker 1: FED put in place a massive lending of that allows
• 32:00
  Speaker 1: any bank that has these long dated securities at low
• 32:04
  Speaker 1: interest rates to go in and borrow against those securities
• 32:07
  Speaker 1: at their full face value, so they don't have to
• 32:10
  Speaker 1: discount them and sell them immediately. They can borrow a
• 32:13
  Speaker 1: hunderstands on the dollar. If they do have a depositor
• 32:15
  Speaker 1: that's coming and asking for their money out, they can
• 32:18
  Speaker 1: easily fix that so they easily address it's that's a facility.
• 32:22
  Speaker 1: That was a bridge that basically was aimed directly at
• 32:24
  Speaker 1: the problem that you're raising, and that is working. You
• 32:28
  Speaker 1: mentioned a moment ago that you have concerns over at
• 32:31
  Speaker 1: the FED and the lack of transparency recently with these
• 32:38
  Speaker 1: suspicious activity reports that the Treasury Department was supposed to
• 32:42
  Speaker 1: make available to you guys. Traditionally, throughout the history suspicious
• 32:47
  Speaker 1: activity reports, there was availability to see those, no matter
• 32:50
  Speaker 1: which side the value are on. They changed that during
• 32:52
  Speaker 1: the Biden years out of nowhere, really shocked people. Clearly
• 32:56
  Speaker 1: they knew they need to hide these suspicious activity reports
• 32:58
  Speaker 1: and the American people were involved at Joe Biden. We
• 33:02
  Speaker 1: now have some of those, and we're seeing millions of
• 33:05
  Speaker 1: dollars that was going into the bank accounts the Biden
• 33:08
  Speaker 1: crime family and expanding the Biden crime family and the
• 33:13
  Speaker 1: players involved to people like Halle Biden and others, and
• 33:16
  Speaker 1: there's still one that's unknown. We also know there's apparently
• 33:19
  Speaker 1: from what James commerce on the house side, up to
• 33:21
  Speaker 1: eleven more deals that we're going to find out about
• 33:24
  Speaker 1: where there was a significant amount of money coming in
• 33:27
  Speaker 1: from China to the Biden crime family. Based on what
• 33:30
  Speaker 1: you've seen center so far, how concerning are you concerned?
• 33:34
  Speaker 1: Are you that this president is clearly compromised by China?
• 33:38
  Speaker 1: And I say that because the other day you had
• 33:40
  Speaker 1: China and Russia meeting and our response in this White
• 33:43
  Speaker 1: House was to have Ted Lasso's the TV show actors
• 33:46
  Speaker 1: come in and do a press conference where they were
• 33:49
  Speaker 1: yucking it up on the day that you had two
• 33:52
  Speaker 1: superpowers meeting and doing a deal, working on a deal
• 33:56
  Speaker 1: that is a clear threat to national security of this
• 34:00
  Speaker 1: country and the security in the world. Well, it's it's
• 34:03
  Speaker 1: a deep, deep concern and it has been from the
• 34:05
  Speaker 1: very beginning. If the Hunter Biden laptop story had not
• 34:09
  Speaker 1: been suppressed, you know, the New York Post tried to
• 34:11
  Speaker 1: break this, and you know this is massive election interference
• 34:15
  Speaker 1: again that's gone unanswered when you know you had the
• 34:18
  Speaker 1: major tech companies suppressed the story. The American public should
• 34:21
  Speaker 1: have known about this compromise situation or the potential for
• 34:24
  Speaker 1: it then, and it was suppressed. It's coming out now
• 34:27
  Speaker 1: in dribs and drabs. But it's deeply concerning to see
• 34:30
  Speaker 1: the extent of the involvement of the Biden family with
• 34:33
  Speaker 1: the CCP or CCP related entities. You know, this is
• 34:37
  Speaker 1: influence pedaling at a major scale. And I think you
• 34:40
  Speaker 1: ask yourself, why is it that we have to be
• 34:42
  Speaker 1: consistently weak on China? Why can't we speak up? We
• 34:45
  Speaker 1: certainly you are more than happy to attack any conservative
• 34:48
  Speaker 1: in America, but heaven forbid that we criticized China and
• 34:52
  Speaker 1: in the element. So it's a real concern that needs
• 34:55
  Speaker 1: to be addressed here. And with respect to the deal
• 34:58
  Speaker 1: that was struck between ad mcputtin and Shijiping, I actually
• 35:02
  Speaker 1: had our Secretary of the Secretary of State, Anthony Blincoln
• 35:07
  Speaker 1: in front of me yesterday twice, and at one point
• 35:10
  Speaker 1: I put up that image you've seen it on television
• 35:13
  Speaker 1: of the two men shaking hand, Shijiping Lad mcputin shaking hand,
• 35:16
  Speaker 1: and I asked him, I said, is this good for
• 35:18
  Speaker 1: our national security? Absolutely not. What's happening is you've got
• 35:23
  Speaker 1: two unlikely villains, I would say, pulling together in an
• 35:28
  Speaker 1: access I'd also add Ran to that. I'd also add
• 35:32
  Speaker 1: North Korea that they're getting back together. And this is
• 35:35
  Speaker 1: bad for America to see these adversaries aligning in the
• 35:39
  Speaker 1: way that they are. They're doing this to counter America,
• 35:42
  Speaker 1: to counter our allies, and we've got to step up
• 35:44
  Speaker 1: and demonstrate strength so our allies don't begin to get
• 35:47
  Speaker 1: worried that America is not going to be there, and
• 35:48
  Speaker 1: right now we're not where we need to be. It
• 35:50
  Speaker 1: was very telling to see China go to Russia and
• 35:54
  Speaker 1: we know that Russia needs China's technology, and we know
• 35:58
  Speaker 1: that China needs Russia is energy. And this unnatural alliance,
• 36:03
  Speaker 1: as you just mentioned, is probably the scariest alliance of
• 36:07
  Speaker 1: my lifetime, more than the acts of evil after nine
• 36:10
  Speaker 1: to eleven that so many were concerned about from a
• 36:14
  Speaker 1: nuclear standpoint, But you're now talking about technology that Russia
• 36:17
  Speaker 1: desperately needs coming in from China that could change their
• 36:21
  Speaker 1: country very quickly, specifically this war with Ukraine. Did Blincoln
• 36:26
  Speaker 1: seem concerned about that to you when you were questioning him,
• 36:29
  Speaker 1: he definitely had a look of concern on his face.
• 36:31
  Speaker 1: I just think the problem is, how does he answer
• 36:33
  Speaker 1: that question? Because what we have is an America that's
• 36:37
  Speaker 1: checking out of areas around the world. You know, you
• 36:40
  Speaker 1: have a situation where China literally brokers a deal between
• 36:44
  Speaker 1: the Saudis and the Iranians. The Saudis and the Iranians
• 36:47
  Speaker 1: have been mortal enemies. That is an unnatural act as well.
• 36:50
  Speaker 1: When I asked Lincoln, what did China do? What did
• 36:52
  Speaker 1: China promise them to induce that sort of agreement, He
• 36:55
  Speaker 1: didn't have an answer to it. But it certainly doesn't
• 36:57
  Speaker 1: look good when America, who has been in the Middle East,
• 37:00
  Speaker 1: who's been the source of stability in the Middle East
• 37:03
  Speaker 1: for years, is stepping back. They're empowering Iran, who is
• 37:06
  Speaker 1: the enemy of everyone else there is certainly the immortal
• 37:09
  Speaker 1: enemy of our ally Israel. We're stepping away, leaving Israel vulnerable,
• 37:13
  Speaker 1: and we're allowing the Iranians in the Saudis to come
• 37:16
  Speaker 1: together under China's influence. I mean, this is a terrible
• 37:20
  Speaker 1: diplomatic footpath. It's a mistake that should have never happened,
• 37:23
  Speaker 1: and we've got to stop this. As well. As always
• 37:25
  Speaker 1: a big thank you to Senator Haggarty if keeping us
• 37:27
  Speaker 1: updated on what he's doing in Washington, DC makes you
• 37:30
  Speaker 1: share a podcast your family and friends. As soon as
• 37:32
  Speaker 1: we get word on what's going to happen, I will
• 37:36
  Speaker 1: break in and let you know, so don't miss it.
• 37:38
  Speaker 1: Hit that subscriber auto DOWLO button and I will see
• 37:42
  Speaker 1: you back here tomorrow, if not earlier.