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June 8, 2023 - The Ben Shapiro Show

45:33

Are They About To Arrest Trump -- AGAIN?

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	Folks, you may notice that the runtime on this particular episode is probably going to be a lot shorter than normal.
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	Okay, so the 2024 presidential race, it is now underway in earnest.
	There are a bunch of candidates who are in on the right side of the aisle.
	On the left side of the aisle, there's a lot of doubt about Joe Biden, which we'll get to in a moment, but on the right side of the aisle, Donald Trump continues to be the central player in this plot because, after all, Donald Trump is the frontrunner.
	He's the former president of the United States.
	He's the most famous person on planet Earth by a fairly wide margin at this point.
	Well, now he is facing down yet another criminal investigation.
	According to Politico, federal prosecutors have now notified Former President Trump in a letter that he is the target of a criminal investigation.
	That notification is the clearest signal yet that special counsel Jack Smith is on the verge of a charging decision in his probe of the former president.
	Trump is under investigation for concealing reams of classified documents at his private estate and orchestrating a scheme to prevent federal authorities from finding them.
	A spokesperson for Smith's office has declined to comment at this point.
	In recent weeks, Smith has hauled in several figures in Trump's inner circle before the grand jury investigating the document's case that includes one of his attorneys, Evan Corcoran, after a legal battle over attorney-client privilege.
	Attorney-client privilege does not include if you are participating in a cover-up of ongoing criminal activity, for example.
	A former Trump spokesperson, Taylor Budowich, announced on Wednesday that he spent the morning in front of a related grand jury impaneled in Florida.
	The recent moves have signaled that Smith's probe was nearing a likely charging decision that now appears days if not hours away, according to Politico.
	The letter to Trump is yet another indication.
	The DOJ manual provides the prosecutors can send a target letter to people likely to be charged in connection with a grand jury probe, giving them an opportunity to testify before the grand jury before an indictment is actually decided upon.
	Prosecutors consider a target a person for whom there is, quote, substantial evidence linking him or her to the commission of a crime and who, in the judgment of the prosecutor, is a putative defendant.
	Now, President Trump is responding over on Truth Social, just as you would imagine he is.
	He is pretty upset about this.
	This is shocking.
	One of the top prosecutors at the Department of Injustice was reportedly so obsessed with quote-unquote getting Trump, he tried to bribe and intimidate a lawyer representing someone being targeted and harassed to falsely accuse and fabricate a story about President Donald J. Trump and a crime that doesn't exist.
	This criminal and salacious act from within the DOJ has brought shame and embarrassment to this once great and respected institution.
	Because of this, there is now extreme turmoil inside the DOJ.
	A top overzealous and dishonest DOJ prosecutor offered a witness's lawyer an important judgeship
	in the Biden administration if his client flips on President Trump, who has done nothing wrong.
	The highly respected lawyer was incensed and disgusted at this corrupt and illegal offer.
	The fake case against me must immediately be dropped, and the inspector general should launch
	an investigation into this and the many other all too obvious wrongdoings and crimes taking
	place at the DOJ and FBI. So now Trump is alleging that a top prosecutor at the DOJ
	actually tried to bribe and intimidate a lawyer representing one of the witnesses
	into essentially flipping the witness in return for a judgeship from the Biden administration,
	which is a hell of an accusation.
	If there's substantiation to that, obviously, there may, there may not be.
	If there is, that's astonishing.
	But there's no question that the legal apparatus of the United States has been turned on Donald Trump.
	Now, to be fair, Donald Trump has a habit of playing with circumstances that open himself up to these sorts of investigations.
	That does not mean, however, that he should be prosecuted.
	He's a guy who's constantly skating on the edge.
	But skating on the edge does not mean that you should be prosecuted if similarly situated people are not prosecuted.
	Presumably, this prosecution that they are talking about from Jack Smith is about declassified documents at Mar-a-Lago.
	As we all know, this is silly.
	The reason this is silly?
	Not only because Joe Biden had classified documents dating back decades in various offices stashed around the country, including in his garage, where Hunter Biden, his derelict, moral idiot son, was staying.
	He just had his classified documents stacked up next to his Chevy in the garage.
	He also had it at his office at the Chinese Center for Chinese Grift up in Washington, D.C., did Joe Biden.
	And nobody made a peep about it.
	Nobody really cared about that.
	But of course, Hillary Clinton was exonerated by the DOJ for literally setting up a private server to host emails that should have been on government servers.
	And then bleach bidding them and then destroying the hard drives to prevent the knowledge of that.
	And it's only when we found out that those emails had showed up on Anthony Weiner's computer because she'd emailed them to Huma Abedin or whatever that we found out that those emails actually still existed and there was classified information in them and all that.
	And the DOJ literally rewrote the law in order to prevent Hillary Clinton from being prosecuted.
	You remember James Comey made a big announcement about it.
	He basically said she absolutely broke the law, but we're not prosecuting her because she did not have the intent to distribute this to foreign sources.
	He admitted in his statement to James Comey, then the head of the FBI.
	This would have been in 2016.
	He admitted.
	That there was every opportunity for foreign sources to have hacked Hillary Clinton's hard drive, and there was a good shot that those emails actually did end up in foreign hands.
	But he said she didn't intend to do that.
	It was just an oversight.
	It was just a mistake.
	She meant to keep them protected.
	Therefore, we're not going to prosecute her because similarly situated people aren't prosecuted.
	Well, Is there any evidence that Donald Trump meant to take these documents home to Mar-a-Lago and then hand them off to Vladimir Putin under cover of darkness?
	You remember, those were all the rumors at the time.
	The rumors at the time when this broke was that he was selling off our nuclear codes to the Chinese or some such nonsense.
	And it turns out that was all crap.
	The theory that I had from the beginning was correct.
	That basically Trump was like, I like that document.
	It's nice.
	It's signed by Kim Jong-un.
	He and I are friends.
	Take it home.
	They call him Kim Jong-un!
	That was the actual reason he had the documents.
	Not for any nefarious purpose, but because Trump likes things and so he takes them.
	By the way, that's not even unique to Trump.
	Bill Clinton really liked a lot of the stuff at the White House and so he just took it with him when he left in 2000.
	You remember this.
	He like took the cutlery in 2000 because Bill Clinton is trailer trash.
	But it is an amazing thing.
	That they are now talking about prosecuting Trump over mishandling of classified documents.
	We'll get to more on this in just one second.
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	So Trump says, wow, this is turning out to be the greatest
	and most vicious incident of election interference in the history of our country.
	And again, 2015, 2016, there's a very good case that that was, in fact, the most vicious instance of election interference in the history of the country.
	According to the inspector general's report on the DOJ and the Steele dossier, essentially the Hillary Clinton campaign was laundering a bunch of false information via the CIA and the FBI into the press.
	And they were initiating investigations on the basis of just garbage that had been put together by the Hillary Clinton campaign and the FBI knew it and they went ahead with it anyway.
	Is this the most vicious instance of election interference?
	Well, I mean, certainly it's election interference.
	Now Trump can't stop himself.
	He says, remember, I'm leading to sanctimonious, big in the polls, but more importantly, I'm leading Biden by a lot.
	Also, and perhaps most importantly, they are launching all of the many fake investigations against me right smack in the middle of my campaign.
	Something which is unheard of and not supposed to happen.
	DOJ, FBI, New York AG, New York DA, Atlanta DA, fascists all.
	So again, there are multiple investigations into Trump that are happening right now.
	There's obviously the New York ridiculous DA investigation into whether he paid off Stormy Daniels with campaign funds, and it's a bunch of crap, and everybody knows it's a bunch of crap, including the left-wing press, which has said that it's a real stretch for Alvin Bragg in Manhattan.
	There's the ongoing case in Atlanta, which is investigating whether Trump was involved in illegal election interference, whether he actually was calling up members of the Georgia Secretary of State's office and telling them to commit voter fraud, or whether he was just like, there was voter fraud, go find me the number of votes that I mean, because we know there is a difference between those two things, obviously.
	And then you have the classified documents case.
	You have at least three ongoing cases right now against President Trump.
	He did last night tweet out, No one has told me I'm being indicted.
	I shouldn't be because I've done nothing wrong.
	I've assumed for years I'm a target of weaponized DOJ and FBI, starting with the Russia, Russia, Russia hoax, the no collusion Mueller report, impeachment hoax one, impeachment hoax two, the perfect Ukraine phone call.
	And various other scams and witch hunts, a travesty of justice, and election interference at a level never seen before, Republicans in Congress must make this their number one issue.
	And Trump's campaign is predicated on making him the number one issue and his targeting the number one issue.
	In fact, Trump's campaign put out an ad and the ad was entirely about how much he was targeted by the left.
	Here's a question for you.
	Just how far are the radical left and inside the beltway bandits willing to go to stop him?
	We all know they hate him for winning the fight to protect life, for exposing their deep state, for draining their precious swamp.
	And they already know he'll crush Biden.
	So like a pack of rabid wolves, they attack.
	So let's impeach him.
	Let's get tainted radical left prosecutors to charge him.
	Let's conspire with Hillary and the FBI with fake stories about him.
	All to distract from Biden's incompetence, weakness, and money-grabbing corruption.
	But here's the thing.
	He'll never blink.
	That's called having the courage of your convictions.
	And it's why he's our president.
	I'm Donald J. Trump, and I approve this message.
	I like the moving tie in the last image right there.
	Here's the thing.
	Trump's campaign, so he's not wrong that he's being targeted.
	Obviously, he is being targeted.
	Unless you're going to prosecute Hillary Clinton and Joe Biden for the same exact crime on this classified document stuff, then it's obviously a scam and an attempt to go after Trump because you want to go after Trump.
	That's clearly what's happening here.
	The question for Republicans is going to be, do you want this to be the center of the campaign?
	I understand the sort of emotional draw of this.
	They're targeting Trump.
	The only way to stand up in Trump's defense is to make him the nominee and then he will bring the hammer.
	He will win re-election on the basis of the unfair targeting of him.
	I just have a question.
	Is that really what's going to happen?
	Is that what's most likely to happen?
	If the campaign is run on the basis of, is Donald Trump corrupt or is Donald Trump not corrupt?
	Should Donald Trump be indicted or should Donald Trump be not indicted?
	But who's gonna get away with us not noticing him again?
	Maybe the guy who ran an entire basement strategy last time around.
	We'll get to more on this in just one second.
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	Okay, meanwhile.
	So the question here for Donald Trump, for Republicans, is going to be what you want campaign 2024 to be about.
	Do you want it to be about Donald Trump being targeted by all of these various institutions, or do you want it to be about beating Joe Biden?
	Those two things are not identical.
	They really are not.
	Because the reality is that you can believe that Donald Trump was targeted, and the people who are most likely to believe that are people who are already voting for Donald Trump.
	Independents, by polling data, they really don't care whether Trump is being indicted or not indicted.
	They should care, but they don't.
	And so, the question of politics is a question of realities.
	Who is more likely to defeat President Biden?
	Is it going to be the guy who is spending the campaign talking about how he is unfairly being targeted?
	I mean, he literally says the number one issue for Congress right now should be the targeting of Donald Trump.
	His campaign ads are all about how you have to stand up for Trump.
	I've said this before.
	When Donald Trump is at his best, he is saying, I'm here taking the bullet for you.
	They're coming after you and I'm in the way, right?
	That is his actual pinned idea on his truth social platform.
	If you go over to his truth social platform, Donald Trump, What you will find is that that is the actual thing that he promotes.
	Quote, they're not coming after me.
	They're coming after you.
	I'm just standing in their way.
	OK, but now he's saying they're coming after me.
	I need you to stand in their way.
	Right.
	They're coming after me.
	And so I need you to be my shield.
	I'm not sure that's an amazing electoral pitch to people who don't already love him.
	To people who love him, sure, but to people who are kind of indifferent about him or who didn't vote for him last time, that's not an amazing pitch in an upcoming election.
	As I've said before, if an election is a referral on the incumbent, the incumbent is in trouble.
	If it's a referral, if it's a referendum, rather, on the challenger, then the challenger is likely to lose.
	And if it's a Joe Biden versus Donald Trump battle, it's up in the air.
	Who knows?
	I mean, first of all, Trump and Biden have essentially the same favorable, unfavorable ratings right now.
	FiveThirtyEight does an average of all of the various favorable, unfavorable polls.
	And what they find is that right now, Trump is about 14 points underwater.
	His favorability is at 41 percent.
	His unfavorables are at 54.6 percent.
	Joe Biden, his favorables are at 41 percent.
	His approve, his disapproves at 54.8 percent.
	So they're basically identical.
	Trump's under war by 13.6 and Biden's under war by 13.8.
	But the question is, when faced up against each other, how does that stack up?
	That's worth noting at this point that Ron DeSantis, according to these same polls, is underwater by about nine points, but unlike Biden and unlike Trump, both of whom the American public have decided about, Ron DeSantis, who is the nearest competitor for the Republican nomination, he's underwater by nine points, but his favorables are at 37 and his unfavorables are at 46, which when you add all of that up, you may notice that's the low 80s.
	There's still like 17% of the public that has not decided what to think about Ron DeSantis.
	That 17% of the public is what decides elections.
	That 17% of the public is what decided the election in 2016 for President Trump.
	Undecided voters, on the last day of the election, broke 2-1 for Trump in 2016.
	In 2020, undecided voters, the day of the election, broke 2-1 for Joe Biden.
	And that was the entirety of the election.
	That meant the election.
	Right now, by the way, the Trump versus Biden polling is really pretty dead even.
	It's certainly within margin of error.
	It's the latest polls.
	Economist YouGov has Biden up three on Trump.
	Quinnipiac has Biden up two on Trump.
	Harvard Harris has Trump up seven on Biden.
	All these are within the last three weeks.
	But the question is, the more you see of Trump, does that mean his numbers go up or does that mean that his numbers go down?
	Particularly if every headline you're talking about is a headline where he's being targeted, legally speaking.
	So two things can always be true at once.
	He should not be targeted.
	He is being targeted.
	That's obviously happening.
	And two, is that those stories are the thing that's most likely to make Trump the nominee and also the least likely to get him elected president.
	They're not going to have any impact with independent voters, suburban women.
	All the people who are going to decide the election are not going to be more convinced en masse to vote for Trump because he's being unfairly targeted and is under indictment.
	Meanwhile, a bunch of other Republican candidates are jumping into the race.
	Chris Christie has jumped into the race.
	I don't know what Christie thinks he's doing.
	Presumably he thinks, I'm brash and I'm going to take it to Trump and all this.
	But here's the thing, he blew out his credibility long ago.
	You remember in 2012, he was the Republican National Convention speaker before Mitt Romney spent 20 minutes patting himself on the back, the round mound to rebound.
	And then He proceeded right before the election to give a big ol' bear hug to Barack Obama because Barack Obama showed up in New Jersey after Hurricane Sandy.
	And he was like, oh my god, you actually came on a plane?
	I love you, sir!
	And it really helped Obama in the closing days of the campaign.
	And then you recall that he took out Marco Rubio in the primaries in one of the nation's most prominent acts of political murder-suicide.
	And then he proceeded to join Trump's campaign, and then Trump proceeded to boss him around.
	And now he's back and he's like, I am brash and I will say the truth.
	Will you, though?
	I have doubts.
	So Chris Christie, he was asked by Jake Tapper, why are you going to do better this time?
	Because you didn't do all that great last time, where I was like, well this time I can actually attack his record.
	What is going to make this year different?
	Well, the whole atmosphere is different, Jake.
	You know, in 2015 and 16, when we ran the first time, you had a situation where Donald Trump
	had no record to speak of.
	He had been on a TV show, had been a developer, a private developer in New York.
	There was no way to really make the case against him.
	I think all of us, myself, Jeb Bush, Marco Rubio, John Kasich, Ted Cruz, all found it very difficult
	to make the case, because he could say whatever he wanted to say.
	There's no proof point to prove that he couldn't do it.
	We know.
	He said he would build a wall across the entire border of Mexico.
	He didn't do it.
	About a quarter of the wall was built.
	He said Mexico would pay for it.
	We haven't gotten our first peso.
	And we know a lot of other things.
	He said he was going to repeal and replace Obamacare.
	He had a Republican Congress for two years.
	Didn't get it done.
	Said he was going to balance the budget in four years.
	Left with the greatest deficit of any president in modern history.
	Said he was going to get rid of the national debt in eight years and left it trillions higher than when he walked in the door in just four years.
	So all those critiques are right by Chris Christie.
	Nobody wants to hear him from Chris Christie.
	Trump is dismissing Christie.
	It's very funny.
	As soon as Christie jumped into the race, he immediately said,
	good luck to Chris.
	He's gonna, he's gonna eat DeSantis' lunch and all the other lunches.
	And then Chris Christie criticized Trump and immediately went from
	welcome to the race.
	He's going to eat DeSantis' lunch to you're fat.
	That's one second.
	So Trump put this out on Truth Social.
	And it was about our country and its future.
	This is a video of Chris Christie talking and they added in a hand.
	and carrying a giant plate of food in front of a buffet.
	We're gonna be small, or are we gonna be big?
	Yeah, seventh grade campaigning, man.
	It's a party.
	Meanwhile, Mike Pence also has jumped in.
	I mean, speaking of quixotic campaigns, there are a lot of people who are running for president, as with everyone.
	I mean, they're like the actual governor of North Dakota.
	You've never heard of him.
	I don't even know his name.
	You don't know his name either.
	He jumped into the race also, which didn't even make a ripple.
	It was like an Olympic diver doing like a swan dive into a pool.
	No ripples at all.
	No one even knows his name or why he's doing that.
	Mike Pence jumped in as well.
	We'll get to that in just a moment.
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	Pence's pitch is basically that he is the strongest constitutional conservative in the race.
	He says that our crises are man-made by Joe Biden.
	I know we can bring this country back.
	We can defend our nation and secure our border.
	We can revive our economy and put our nation back on a path to a balanced federal budget.
	We can defend our liberties and give America a new beginning for life.
	But it'll require new leadership in the White House and the Republican Party.
	The crises we face, to borrow a phrase, are all man-made.
	And that man is Joe Biden.
	So, Pence is aiming his fire at Biden.
	The problem for Pence is that he's never going to escape the fact that he and Trump were at loggerheads while he was the vice president because he refused to overturn the election.
	Now, I said from the beginning that Pence had no legal right to overturn the election.
	It was absurd of Trump to suggest that he did.
	It was a ridiculous legal theory that had no grounding in the Constitution, the law, or the facts.
	Pence says that, but is that going to help him in a primary?
	I have doubts.
	My former running mate continues to insist that I had the right to overturn the election.
	But President Trump was wrong then.
	And he's wrong now.
	I will always believe, by God's grace, I did my duty that day.
	I kept my oath to ensure the peaceful transfer of power under the Constitution of the United States of America.
	Let me say from my heart, I understand the disappointment that many still feel about the outcome of the 2020 election.
	I can relate.
	I was on the ballot.
	But I had no right to overturn the election.
	And Kamala Harris will have no right to overturn the election when we beat them in 2024.
	So, does Pence have a shot in the election?
	I think not.
	But, yeah, again, he may be a stalking horse for Trump to attack.
	Meanwhile, Ron DeSantis is in a knock-down, drag-out fight with the governor of California, Gavin Newsom, again, on an issue.
	And so this is going to be the question for Republicans voting in the primaries.
	Do you want to have fights over the issues or do you want to have fights over whether people hate the Republican candidate?
	Because it turns out that people really, really hate Republican candidates, generally speaking, in the media.
	So, Ron DeSantis?
	Went down to the southern border for a visit, which is a smart political move because, of course, immigration is a massive national issue, and it has affected the state of Florida.
	And of course, he's gotten involved in that issue by asking these migrants where they wish to go and then sending them to places like Martha's Vineyard, where the left declares sanctuary cities in the expectation that no one will ever arrive.
	Then when people arrive, the left's like, no, no, no, no, no, no!
	Get him out of here!
	That's happening in California as well.
	Florida's been sending illegal immigrants to California, where Gavin Newsom declared a sanctuary city.
	Everyone is welcome here, but not you.
	Get out.
	So Governor DeSantis was asked about that.
	These sanctuary jurisdictions are part of the reason we have this problem, because they have endorsed and agitated for these types of open border policies.
	They have bragged that they are sanctuary jurisdictions.
	They attack previous administrations' efforts to try to have Border security.
	And so that's the policies they've taken out.
	And then what?
	When they have to deal with some of the fruits of that, they all of a sudden become very, very upset about that.
	Well, what are these people having to deal with here?
	I don't see the sympathy for them.
	And so, you know, the reality is, is I think the border should be closed.
	I don't think we should have any of this.
	But if there's a policy to have an open border, then I think the sanctuary jurisdictions should be the ones that have to bear that.
	That would make sense if you volunteer to take in all the illegal immigrants and everybody around the board is like, we don't want this to affect our city.
	Why should those people be forced to take in hundreds of thousands of illegal immigrants while Gavin Newsom sits in his plush pleasure palaces and decides who gets in and who does not get in.
	Newsom, for his part, is saying that he wants to prosecute DeSantis.
	He suggests potential kidnapping charges.
	Apparently it's now kidnapping to send people where they want to go.
	There's actual video of these migrants saying that they're very grateful to be put on planes to California, but here is Gavin Newsom.
	We're human beings used as pawns for a guy's political advancement.
	That's pretty sad and pathetic.
	And so I take this very seriously.
	And as I said, we are not Martha's Vineyard.
	I love Martha.
	This is California, fourth or fifth largest economy on planet Earth.
	We mean business.
	And so Ron DeSantis should know that.
	And everyone that's been part of this They may have more direct accountability and culpability.
	They should know we mean business and we're not backing away from getting the facts and holding those accountable if they broke the laws of the state of California.
	So, just to make clear, California is a place where if you are a parent who wants to trans your kid, you can take the kid, run to California, away from the other parent who has no say in the matter, and California will grant you sanctuary so that you can trans your kid.
	California will also make sure that it's a sanctuary city unless you actually take them up on the offer, at which point they will sue you for kidnapping.
	It is a wonderful state.
	Meanwhile, Corinne Jean-Pierre is responding to this from the White House.
	Just sending illegal immigrants to California makes no sense.
	As a person from California, let me just say there are a lot of illegal immigrants in California.
	Like, a lot.
	A lot, a lot.
	So, actually, it makes a lot of sense, considering that California has raised taxes and benefits to illegal immigrants throughout the state, bankrupting the state, but, you know, that's their choice.
	So, yeah, that's a pretty good place for illegal immigrants to go, since it's kind of like the home of illegal immigration in the United States.
	Here is a Corinne Jean-Pierre saying silly things.
	Does the White House have a position on whether Florida sending migrants to California or any other state for that matter amounts to false imprisonment and kidnapping of those migrants?
	So one of the things, and you've heard me say this multiple times from here, is about what these political stunts And what they mean.
	They're dangerous and they're unacceptable.
	I said this yesterday and I'll say this again.
	And we've seen them happen over the last couple of months and all they do is cause confusion.
	And why is it they want to cause chaos and confusion?
	It doesn't make sense to me.
	So, um, why do they want to cause chaos?
	It's you!
	You're in charge of the federal border!
	The federal government is in charge of the federal border!
	You ship people all over the United States, all over the United States as the federal government.
	But if DeSantis or Greg Abbott does it to like Chicago, New York, or LA, that's when you guys start to get real whiny about it.
	Shocking, shocking.
	And meanwhile, the Biden administration is riding a real edge here on the economy.
	So the debt ceiling bill averted the inability of the government to take out further debt to pay for the debt that they've already taken on.
	But it's also created a massive problem in terms of the debt.
	According to the Wall Street Journal, investors are bracing for a flood of more than $1 trillion in Treasury bills, T-bills, in the wake of the debt ceiling fight, potentially sparking a new bout of volatility in financial markets.
	Some on Wall Street fear that roughly $850 billion in bond issuance that was shelled until a debt ceiling bill was passed will now overwhelm buyers, jolting markets and raising short-term borrowing costs.
	If you expect major upheaval, many worry about the potential for unforeseen problems in the financial plumbing, where trillions of dollars' worth of transactions occur daily that could send tremors throughout the market.
	Many remember how money market rates skyrocketed in 2019 during a period of low liquidity, necessitating intervention by the Federal Reserve.
	John Mayer, the chief investment officer of Global X says, when you dump a tremendous amount of debt into the market,
	it causes dislocation.
	Investors are underestimating that. In recent months, markets have been relatively placid.
	The S&P 500 has gained 11% this year, buttressed by that resilient labor market and the expectation that eventually they would stop the interest rate increases.
	But when you then issue a ton of further debt into the market, well, that sort of fights what you're attempting to do in terms of the inflation.
	The calm comes even as short-term bond yields have already jumped in recent weeks, lifted by expectations for the Fed to hold rates higher for longer.
	Now the Treasury Department is rapidly replenishing its coffers.
	A weaker-than-expected tax season, coupled with extraordinary measures enacted during the debt ceiling fight, has now drained its checking account to below $50 billion at the end of May.
	That could weigh on large banks required to bid for treasuries at auction through an agreement with the government, as the so-called primary dealers could be effectively forced to finance the replenishment of the Treasury General Account.
	So it sucks liquidity out of the economy.
	So that's a serious problem in a time when everybody's already worried about liquidity being sucked out of the economy.
	So we could be looking at economic stagnation in the very near future, even as inflation comes down.
	Now meanwhile, if liquidity is disappearing from markets, and if banks are forced to buy these treasuries, and if those banks have to come up with cash fast, that means they might call in some of those loans that are outstanding.
	If they have to call in those loans that are outstanding, And those loans don't come in, that could be a real problem.
	If they have to sell their old T-bills in order to finance the new T-bills, then that could be even more of a problem because the new T-bills have a much higher interest rate than the old T-bills, meaning the old T-bills are essentially worthless, which presumably is why Janet Yellen, the Treasury Secretary, is saying that there may be more bank consolidation, more regional banks may fail.
	Hilarious how all the people who are like too big to fail have now constructed a financial system in which the only people succeeding are the big banks.
	Would you be supportive of more consolidation in the banking business?
	I ask in part because on the other side of the administration, I think the Department of Justice and the FTC in particular have been very aggressive about trying to prevent transactions, not necessarily in the banking space, but given how outspoken you have been and the issues that may be unique in particular to the banking business.
	Well, I see strength in the banking system that has a diverse set of financial institutions capable of satisfying different needs across our economy.
	Certainly in this environment some banks are experiencing pressure on earnings and there is a motivation to see some consolidation and It wouldn't surprise me to see some of that going forward.
	Well, yes, because when you construct a government too big to fail, it turns out that they back firms that are also too big to fail.
	Okay, meanwhile, New York City is now completely blanketed in smoke.
	That smoke is coming from Canada, which I think is pretext for us to finally invade.
	We need to reverse the results of the 1812 war.
	There's no reason why the frozen north up there should be an independent polity.
	We'll get to that momentarily.
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	Okay, so Justin Trudeau, handsome Bernie Sanders, and definitely not Fidel Castro's son.
	Not Fidel Castro's son.
	He's been doing a crappy job up there.
	They'll greet us as liberators.
	If we invade Canada, they'll greet us as liberators.
	And frankly, I take this as an attack on America.
	So smoke from Canadian wildfires have now engulfed the East Coast, according to the Washington Post.
	You can see the pictures.
	They're really quite amazing.
	Now, I used to live in California, so we saw this thing kind of often, actually.
	You'd see a giant wildfire, and then you just couldn't go outside for like a week.
	I remember in the midst of 2020, the hellscape year that my family decided, we are leaving.
	There were a series of events that led to that decision.
	Basically, we got triple quarantined at one point.
	We got quarantined because of COVID.
	Then we got quarantined because we had to let people ride in the city.
	I mean, for George Floyd and all.
	And then we got quarantined because there was a giant wildfire.
	So you couldn't go outside because of the ash blanketing your house.
	And then you also couldn't go outside because you might be mugged or robbed or killed.
	And then you also couldn't go outside because of COVID.
	So you got like triple quarantine.
	My wife's like, I think we can look at Florida now.
	Well, over in New York, it now looks like an outtake from Blade Runner 2049 with the orange sky over there.
	And this, of course, leads the left to conclude global warming because global warming is the left-wing god of the gaps.
	Anytime there's a thing that happens they don't like, it must be global warming.
	If it's too cold outside, that's global warming.
	If it's too hot outside, that's global warming.
	If it's raining outside, that's global warming.
	And if there's a giant orange smoke cloud blanketing New York City, I mean, honestly, the good news for New Yorkers is that fewer people will be killed on the subway because fewer people will be outside.
	So the murder rates in New York are probably about to drop pretty dramatically because honestly, it's more dangerous to go outside like on a normal day in New York than it is right now.
	There are fewer people on the streets right now.
	My favorite is the headlines like, if you go outside for a full day in New York City, that is the equivalent of smoking six cigarettes.
	You mean six whole cigarettes?
	I don't like smoke.
	Yeah, it upsets my throat, my lungs, and I kind of need those things.
	But I will say that that is not super alarmist material.
	Anyway, Bernie Sanders is out there blaming this on global warming, as per our usual arrangement.
	New York City just yesterday had the worst air quality index they have ever had because of that fire.
	And the week before that fire, there was a fire in Nova Scotia, also caused a lot of smoke issues all over the East Coast.
	So what you're looking at is major forest fires in Canada, which are a direct result of climate change and the dryness of the forests.
	I got bad news for you.
	And it's only going to get worse.
	And our job now is to do everything that we can to wake up this Congress, to wake up the American people
	to the man that we have fundamentally transformed our energy system, waste fossil fuel,
	fund carbon emissions significantly in our region of the United States and China all over the world.
	Can we trade him to Canada for a player to be named later?
	I'm into that.
	After all, Justin Trudeau is handsome Bernie Sanders.
	Here is the problem.
	The real reason that there is a giant ass wildfire up in Quebec is because, just like California, all the idiot environmentalists have decided that we ought to leave dead brush everywhere.
	Big problem in California when your forestry policy involves leaving all of the dead, dry wood out in the middle of the forest, and then there's a forest fire.
	Why, boy, howdy, when things start to burn, they really, really burn.
	You know how I know this?
	Because The Globe and Mail had an entire editorial about this in 2021.
	Canada's forests have not been in a natural state for a long time.
	Fire suppression has led to forests full of deadfall, which is basically kindling.
	The trees are mostly from a shortlist of human-planted varieties, spruce, pine, fir, that are valuable for lumber yet vulnerable to fire.
	The result is forests susceptible to massive blazes.
	Problem is, supersized fires, made possible by the way humans have shaped the forests.
	Only a very few large fires are to blame for almost all the forests burned in North America.
	So we actually have had fewer fires, actually, over the course of the years.
	It's just they're really, really big.
	Why?
	Because our forestry policy has been to leave a bunch of dead wood out there.
	Genius-level stuff from the Canadians.
	But it must be, it must be global warming.
	Anything bad happens, it is global warming.
	Well, again, at least we can now fulfill our actual Our actual Western push.
	It's time for Manifest Destiny to take its final form.
	Marines across the border, let's do this thing.
	Okay, time for a thing I like and then a thing that I hate.
	So, thing that I like today.
	So this is an odd thing I like, I will admit.
	My kids, I'm always trying to find them funny songs because they really enjoy the humorous songs.
	So they are aware of Weird Al Yankovic, certain of his songs, some are not appropriate for them.
	My kids are also very much into What does the fox say?
	As well as the coincidence.
	My kids know all of the words to the coincidence.
	But one song that they have now become familiar with, because they are now Southerners, because they live in the state of Florida, and there are lots of swamps here, and lots of alligators, is a song by a guy from the 60s and 70s named Jerry Reed.
	I'm sure a lot of our listeners are familiar with this, but I was not.
	This is a great song.
	It's called Amos Moses.
	It is what starts the morning now.
	Every morning in our house with the four kids is the song Amos Mose.
	I thought I would bring you just a bit of this joy.
	It's good stuff.
	Yep.
	So the part that my kids like particularly is hitting the alligator in the head with the stump.
	They were very, very into that.
	So, um, they're little Jewish kids, so I think the chances that we are actually going to go out to the bayou and hit alligators in the head with a stump are very low.
	We'll have to ask, um, my assistant Kelly about that, since she actually shot an alligator in the back of the head.
	That's a thing that Kelly actually did.
	Yeah, that's how we roll here at Daily Wire.
	That's how it works.
	Alright, time for a thing that I hate.
	Okay, so, um, Piers Morgan had on his show recently an only fans model.
	Okay, an OnlyFans model is what we used to call a porn person.
	A pornography person.
	A porn star.
	That's what we used to call them.
	Just people who get naked for money.
	And now we pretend that they are legitimate parts of the economy.
	That's what we do now.
	Which brings to mind the old apocryphal quote that has been attributed to both Winston Churchill
	and Oscar Wilde, supposedly, well, use Churchill for this example.
	He was talking to a lady at some sort of fancy event, and he asked her,
	would you sleep with me for a million pounds?
	And she said, I'd have to think about it.
	He said, would you sleep with me for one pound?
	And she said, how dare you, sir?
	He said, we've already established what you are.
	We're now just haggling over the price.
	Well, this came to mind because this OnlyFans model He's like, what do you think your kids are one day going to think of the fact that mommy was making money by showing her breasts to random men on the internet?
	And here was her answer.
	Online strippers just, you know, naked.
	I do things that are way more grotesque than that.
	Just pornography?
	Pornography, anything.
	But it's all within what I want to do and I absolutely love it and I'm really good at it.
	You know, I could be a good lawyer, yes, but also am I good at doing other things on video and camera?
	How would you feel when you want to have kids yourself?
	Well, I mean, that's... I don't really want kids right now.
	But you will.
	How old are you?
	25.
	Right, so you will do at some stage, probably, right?
	Maybe.
	When you do, are you going to be proud that you have your little ones and they look at you and go, didn't you want to be a lawyer?
	Mummy, what happened?
	Yeah.
	And you go, yeah, but look at all my stuff.
	They can cry in a Ferrari.
	Oh, they can cry in a Ferrari, so the money is what's going to make it up to them.
	I just have some news for you.
	It isn't.
	It isn't.
	It turns out that kids who are rich, but their parents are really screwed up, they remain incredibly screwed up.
	That's the way this works.
	And there is something wrong with the idea that a woman should value her own accomplishment in getting men to be aroused as they are at, you know, their intellectual accomplishments.
	Not to sound like too much of a feminist here, but it turns out that women are more than their body parts.
	I know.
	It's crazy.
	Women actually have inherent dignity as human beings.
	And when they simply unclothe themselves for the perverse pleasure of random men sitting in their pathetic basements and paying the money, they are doing harm to their souls.
	They are doing harm to their very beings.
	They may pretend that it's a matter of just personal freedom and all of the rest.
	But it turns out that consent is not the only value.
	People consent to do bad things to themselves all the time, and we don't like it as a society.
	When people inject themselves with heroin, that is consensual activity.
	It also happens to be very, very bad for them.
	A society that basically boils down its morality to the virtue of consent is a society that has lost all notion of good and bad.
	People have consented to evil activity for literally all of time, and it isn't evil to unclothe before random men for money.
	It is bad for you.
	It is bad for them.
	It undermines the very idea that women should be looked upon with anything more than simple lust.
	It's a perversity.
	And the fact that she says, oh, I'm really, really good at it.
	Okay, seriously, as a dude, let me tell you what it takes for a beautiful woman to be good at being naked.
	Being naked.
	That's what it takes.
	Wow, she's amazing at it.
	Wow, look at her extraordinary skill in being naked.
	She's amazing at being, like, come on.
	Come on, I'm not a fan of the comedian Amy Schumer, because frankly she hasn't been funny for a very long time.
	But she did have a line at one point that I think was accurate and speaks to this.
	She said, you know the difference between girls and guys?
	A guy goes to the bar and he's lucky if he can pick up a girl.
	She says, you know, I'm overweight, I don't look amazing right now, but I can, this is her phrase, catch a dick anytime I want to, right?
	That was Amy Schumer's phrase.
	And let me just be realistic about this.
	That is absolutely true.
	If you're a half-decent looking woman, the idea that you cannot find a man to have sex with you is absurd, because the differences between the male sexual instinct and the female sexual instinct are incredibly large.
	Those are very significant differences.
	As I've said before, when it comes to sex, women need a reason, men just need a time and a place.
	So the notion that she is like somehow freeing herself.
	Now, maybe it gives her a sense of control over these men.
	Maybe it gives her a sense that she has more power in the universe, but that power belongs to pretty much any woman.
	It's just that she is the only person who is willing to subject herself to vile gazes in order to make money.
	Which is a bad thing to do.
	It makes you a not particularly good person.
	So when people say things like sex work is work, well, I'm sure it is.
	I'm sure it's the worst kind of work.
	In the most derogatory sense of work.
	But that does not mean that it is a good thing to do, that you are playing an equal part in the economy, in the progress of humanity, if you work as a lawyer or as a coder, as if you take off your clothes on camera for a bunch of incels living in their basements just to **** you.
	It's not the same thing.
	And when she says that, don't worry, she's gonna make it up to her kid because she's gonna buy him a Ferrari.
	Again, the notion that you can supplant with material things, Morality is absurd.
	And it's a mistake that our entire culture is making right now.
	In fact, there was a study from the Wall Street Journal fairly recently, we talked about on the show, looking at what Americans now think about being American, what they think is important.
	Things like parenthood are in steep decline.
	Used to be that a huge percentage of Americans said that, like, one of the most important things about being a good person and being good American was having kids and having a family and getting married.
	And now the thing they think about the most is material well-being.
	Meaning, like, earning.
	How much money I make.
	Well, there's nothing wrong with thinking about how much money you make when that is in service to a higher goal.
	Money is instrumental.
	But we have now come to the point, I think, in Western civilization, where money, because morality is no longer an object, because we've dispensed with the ideas of good and bad, we've now decided that money is no longer instrumental.
	Money is a measurement of, are you good or bad as a person?
	It's like an objective, it's like a video game.
	The more money you have in the bank, the more Ferraris you can buy your kids, it no longer matters whether you are being a prostitute on camera.
	What really matters is that you can buy the Ferrari for your kid.
	Materialism has become its own goal.
	The money, which used to be good for, you know, buying things for your kids because you, within the context of a strong family structure, or getting a nice house so you can have more kids, or giving a lot of charity, or building businesses to hire people.
	Money as an instrumental, useful thing.
	That has been transformed into money as a thing of inherent value.
	And once money becomes a thing of inherent value, then it does become an immoral thing.
	If you treat money as though it has inherent value, it makes you a better person to have money.
	The money itself makes you a better person.
	Or the money itself justifies whatever immoral activity you wish to perform.
	It's about that that the Bible speaks when it talks about the dangers of wealth.
	Wealth itself is not actually inherently dangerous.
	In fact, the vast majority of prophets in the Bible were wealthy people.
	A lot of them were very, very wealthy people.
	The question is, how that wealth is used.
	What is the wealth for?
	Is it dedicated to a higher goal or is it not dedicated to a higher goal?
	And if the answer is it's not dedicated to a higher goal, it's just, that's how you buy off your kids when they find a picture of you naked online.
	Good luck to you and good luck to your kids.
	All righty, guys.
	The rest of the show is continuing right now.
	You're not going to want to miss it.
	Matt Walsh just broke a massive story.
	His producer was able to obtain a referral for a testicle removal in 22 minutes by talking to one of these trans medicine factories.
	Matt's going to join the show momentarily.
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