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March 17, 2023 - The Dan Bongino Show
55:50
The Raccoon Dogs Did It! (Ep. 1971) - 03/17/2023
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Get ready to hear the truth about America on a show that's not immune to the facts with your host, Dan Bongino.
No. .
Don't worry, folks.
The raccoon dogs did it.
Now, I heard of prairie dogs, French bulldogs, Labradors.
I've never heard of the raccoon dog, which doesn't mean much.
much.
I'm not a raccoon dog specialist, but the raccoon dogs did it.
You laughing?
They really think we're stupid.
Just as the Lab League story information is about to be declassified about...
Relationships between the PLA, Chinese Communist Party Army, and a potential bioweapons project in Wuhan.
When do you know it?
New York Times, The Atlantic, bust out a story.
Don't you worry.
It's the raccoon dogs.
All we need is a return of Elvis.
You ain't nothing but a raccoon dog.
I don't know if that works like Hound Dog.
It didn't.
Joe, they really think we're imbeciles.
They do.
Yeah.
All right.
I got a lot to get through today.
Happy St. Patrick's Day, by the way, to everyone out there.
Dan, why are you wearing green?
Well, because when we wear green, because of the green screen technology built into what he's probably, it throws off the entire show and you get this weird effect.
So forgive me.
I am about, I don't know, 25% Irish or something like that.
My mother's mother was Irish.
My mother's father was German.
So happy St. Patrick's Day to everyone.
I got a little bit of attachment to the aisles.
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Joseph, it's Friday, St. Patrick's Day, so let's go.
It's Friday!
Yeah!
I'm such an idiot.
You said the Isles, like we're talking about the Caribbean or something like that.
Florida's on my mind.
The Emerald Isles.
Yeah, the Emerald Isles.
Yes, sorry about that, folks.
Last night, I was watching the Auburn game, War Eagle, for all those out there.
The NCAA tournament was on, and I was up a little bit late last night.
Friday's a busy workday for me.
And then here's the crazy thing.
I don't know if you've ever experienced this watching sports that you're really into, not just casually, passively watching it.
You guys ever experienced this?
You're really into a team.
And you feel like you're playing the game.
And the game didn't end until about 9.15 last night.
My time, Eastern time.
Which for me is like the equivalent of midnight.
And I couldn't go to sleep.
I could not fall asleep to say...
I got a lot of stuff.
I got up a little later.
I'm fine.
But, you know, don't cry for me, Argentina.
But I could not fall asleep.
My cortisol levels were through the roof.
I felt like I won the game myself.
So congrats to Bruce Pearl.
They go on to play Houston on Saturday.
We'll be looking at that.
And the Auburn team.
You guys did great last night.
So...
They really stink.
They think we're a stupid-o.
Stupid, dopey, dumb, imbeciles, morons.
You know, the cheap media tricks, guys, they probably worked well in the Cronkite, Brokaw era.
They worked decades ago when gaslighting was more effective.
Gaslighting, getting you to believe something that's not real.
Where you lie to people, lie to them often, you lie to them confidently.
But then the fourth part of gaslighting is you isolate people from the truth, right?
So they used to be able to isolate people from the truth.
Before there was the internet, conservative media, Fox News, Blaze, Breitbart, This Show, Shapiro, and others, right?
They can't do that anymore.
The cheap nonsense tricks the media has been pulling, these hack-ass-kissing sycophants for decades just don't work anymore.
You got a banking crisis going on right now.
You have explosive new information about Biden Inc.
and more family members entangled in the web of Biden payments from the Chinese Communist Party.
You have GOP hearings about to break out on a number of things, including the border.
And you have a story about the declassification of a potential bioweapons link between the Chinese Communist Party and that Wuhan lab.
And wouldn't you know it?
Joe, this is crazy.
Wouldn't you know it?
A story drops just today.
Look!
Do I have a letter?
Holy...
You see it?
Everybody see it?
Yeah, yeah, yeah.
You're listening on audio only.
Don't worry.
We've got a nice red flag.
It's a red object.
Everybody looks like a bull.
Oh, oh, oh.
Yeah.
Joe can't even focus right now.
I'm stuck like a dog on a piece of meat.
He is.
He's salivating right now.
Pavlovian style.
New York Times, new data links.
New data links the pandemic's origins to raccoon dogs at the Wuhan market.
You ain't nothing but a raccoon dog.
Whoa!
Whoa!
Crazy!
Look at that.
They found it.
They found the missing link, the raccoon dog.
Gee, did you see it?
The raccoon, they got it.
It's a raccoon dog.
Nobody saw it coming, Joe.
He says, the political action committee media, the PAC media to the rescue, like magic, distracting you from the banking crisis, Hunter Biden, the bioweapons lab information.
They got a raccoon dog.
So here's a New York Times story by dutifully performing for the deep state, Benjamin Mueller.
They note that This virologist at LSU, their health sciences center, who was not involved in the study, said that the findings of some DNA remnants of a raccoon dog, that the samples from the market, or they're talking about the wet market in Wuhan, that had early COVID lineages in them, were contaminated with DNA reads of wild animals.
Dr. Camille said that fell short of conclusive evidence that an infected animal set off the pandemic.
Oh, it did?
It fell short of conclusive evidence.
How short?
Sounds like it's a lot short to me, but he said it really puts the spotlight on the illegal animal trade in an intimate way.
How intimate that animal trade?
Do we really want to know?
So long and short of it is they found some DNA fragments and apparently some raccoon dogs around January present in the Wuhan market.
They found some contamination.
But the evidence is far from conclusive.
So yeah, that's really interesting because the evidence is pretty conclusive that the thing leaked out of a lab, if you have a brain that isn't a functioning neuron.
But let's put that aside.
So who was behind this?
This is where they really think you're stupid.
Who was behind this new analysis?
Some links of the Wuhan virus to the raccoon dog.
Well, The Atlantic, it broke the story too, says the strongest evidence yet that an animal started the pandemic.
The new analysis led by Christian Anderson, Edward Holmes, and Michael Warby, three prominent researchers who've been looking into the virus' roots, show that that may not be the case, talking about how it may not be the lab leak, it may be from an actual origin.
Oh, Christian Anderson.
Who's Christian Anderson and Edward Holmes?
Are they the same guy in this January 2023 report out of The Intercept?
The Intercept, by the way, pretty radical left-wing outlet, right?
Talking about unredacted National Institutes of Health emails that show efforts to rule out a lab origin.
And they note an email to Dr. Fauci.
He says, thanks, Tony.
Can you phone Christian Andersen?
He's expecting your call now.
This is the call where they're trying to make the Lab League story go away.
Yeah, yeah.
Folks, what do we say, Joe?
What's our line?
Remember the names?
Have you heard that before in the show?
Maybe once or twice.
That was that clip we played the other day.
Remember?
It was on the clip.
Oh, yeah.
Yeah, yeah, it was.
So strange.
He notes that the people involved in the call to make the lab leak story go away, by the way, were Christian Anderson, Bob Gary, and Eddie Holm.
Eddie Holm, is that the same guy we just mentioned, involved in the new analysis?
So weird, man.
Christian Anderson of Scripps Research, Gary of Tulane, Edward Holmes of the University of Sydney, are eminent biologists and virologists, and all three would be co-authors of the Proximal Origin paper.
Oh, and this is crazy too.
Gary and Anderson have also been recipients of large grants from the National Institutes of Health in recent years.
You mean where Fauci worked?
You don't think it's raccoon dogs?
He's pretty sure it's not raccoon dogs.
So just to be clear, the author of the new analysis, that provides no conclusive evidence whatsoever, by the way, that this thing started.
I thought there was a mosquito biting my leg there.
Turns out it's hair from my shirt.
Turns out that the author of the new analysis or authors are Anderson and Holmes, the same people who were on that Intercept article there mentioned, who were on the phone with Fauci and authored the proximal origins paper while, according to the report, took money from the NIH. Yeah.
Okay, folks.
Sure.
Now, don't you find the timing of this?
By the way, they think they're playing us like violins here.
You're not getting played.
You're onto this.
But I'm telling you, liberal sucker losers who are looking for any reason to absolve these international governments from their role in creating this super virus pandemic will do anything or say anything to blame this thing on anyone but the Chinese Communist Party because they're communists themselves.
Now, don't you find the timing of this suspicious?
John Solomon has a piece out of just the news.
I encourage you to read it in a newsletter.
Bongino.com slash newsletter if you want to check it out.
That there's a report about to be declassified.
And that there's a bill going to Biden's desk, by the way.
He could sign that could declassify a lot of this stuff.
And here's the crazy thing, folks.
This story popped about not a lab leak, shiny red object.
Take a look.
Right as Biden weighs, quote, whether to sign a law passed unanimously by Congress to declassify U.S. intelligence on the origins of COVID. They note that, here's where the story gets really bananas, new evidence has emerged that the State Department and the NIH routed at least $1.7 million in tax dollars to a Wuhan lab, despite evidence it was tied to the Chinese military and possibly the Communist Nation's bioweapons program.
According to who?
According to government documents reviewed by just the news.
Folks, this is really frightening stuff.
John notes in the piece that one of the most troubling links cited in an unclassified report released in December was a 2015 book which Chinese scientists tied to both AMMS and the Wuhan lab Declared that coronaviruses were the leading edge of a new era of genetic weapons warfare.
AMMS is their bioweapons program.
The book was titled The Unnatural Origin of SARS and New Species of Artificial Humanized Viruses as Genetic Weapons.
I'm, you know, sure the liberals will sick their ridiculous, absurd, outrageous, sycophantic, ass-kissing fact-checkers all over stories like this, again, to try to make it go away.
But shoe number one to drop, as this is likely a lab leak, shoe number two to drop is, was this a bioweapon or a result of some bioweapons research, if not a bioweapon itself, that we paid for?
Amazing how the conflicts of interest are noted frequently whenever there's a Republican, conservative, or non-talking point spewing person on television.
Right, Joe?
Yep.
Absolutely incredible.
But yet when the conflicts of interest of a bunch of scientists who receive things from the NIH are involved, no one seems to care much at all.
By the way, big hat tip here.
Who is that?
Do you know the Twitter account that put this out there, Geet?
This video?
This is so good.
I'm going to make sure...
What is it?
Texas Lindsay, hat tip to you.
Here's Dr. Fauci on this whole thing, by the way.
Fauci, who is intimately involved in what appears to be right now a cover-up of a massive lab leak.
Here's Dr. Fauci.
Here's Fauci debating Fauci on gain-of-function research that we believe may have been contributing to a potential bioweapons program in China.
And all of a sudden, shiny red object, the raccoon dog, did it!
Here's Fauci debating himself essentially on gain-of-function.
Check this out.
I don't know how many times I can say it, Madam Chair.
We did not fund gain-of-function research to be conducted in the Wuhan Institute of Virology.
Anyway, so let me just go on about NIH lifts funding pause on gain-of-function research that might be anticipated to create, transfer, or use enhanced potential pandemic pathogens.
I don't think this is going to be foolproof.
Things are going to slip through.
I encourage you to watch.
That's two separate Fauci appearances.
I encourage you to watch it on Rumble.
It's even more profound with the visual of Fauci vehemently, vigorously denying that there's any gain-of-function stuff going on, while then in the next clip saying, hey, man, really great, we dumped that pause on gain-of-function research.
I mean, they really do think you're dumb.
They're trotting out the raccoon dog hypothesis.
Now, however conspiracy theory-oriented or ridiculous that sounds, you'll see no one in the mainstream media, the left-wing ass-kissing PAC media, challenge this absurdity.
None.
Like they challenged Tom Cotton and others when they said, hey, it looks like this thing leaked from a lab.
None.
Because lips, ass, lip of the Democrat Party, the media.
Here's Fauci versus Fauci on the lab leak hypothesis.
You'll hear Jim Jordan in the beginning, by the way.
That's him as a Republican congressman basically exposing this whole thing.
And then you'll hear Fauci again debating himself on the lab leak thing insisting.
He never ruled out the lab leak thing.
Ha!
Check this out.
There's a Sort of urban legend that there's a biological warfare center in Wuhan and that the coronavirus escaped from that.
Did you have any sense of where it probably came from?
I think ultimately we know that these things come from an animal reservoir.
I've heard these conspiracy theories and like all conspiracy theories, they're just conspiracy theories.
I wasn't leaning totally strongly one way or the other.
I've always kept an open mind.
Sorry, that was Newt.
There is a portion with Jim Jordan.
I cut that part out.
That's Newt Gingrich.
You notice how Fauci says it's a big conspiracy theory there, and then insists later that he never eliminated it as a potential hypothesis, although he just called it a conspiracy theory.
I just played for you the audio.
You can see the video.
Don't take my word for it.
Take Fauci's.
Folks, it never ends with these people.
Do not fall for this.
I'm just going to leave this here because I had a lot to get to today.
It's a loaded Friday Newsday.
A ton of news popped last night.
There's a banking crisis going on that's going to leave us in real trouble.
I'm going to get to that next.
Folks, they are not telling you.
They are not telling you something about what the Fed is up to right now.
They're trying to hide it.
We are in real trouble.
What if I told you that the Federal Reserve is dumping about as much money into the system About half as much, which was a massive thing, as they did during the 2008-2009 crisis, where they printed untold amounts of money to try to save the banks and did nothing of the sort.
What if I told you we're halfway there right now and we're only a couple days into this?
We're halfway there already.
You haven't heard that much in the media, right?
All the printing going on behind the scenes to save this thing?
They're not telling you about it.
And all of a sudden, a story appears in the New York Times and the Atlantic about magic raccoon dogs and inconclusive evidence of a genetic tie.
Oh, and by the way, the researchers involved with the new analysis of some of the same people tied to Fauci and the NIH is so strange.
The same Fauci I just showed you, who's done nothing but misdirect and gaslight people from the start.
Don't fall for this.
Please don't fall for this.
We need more of this, however, when it comes to coronavirus.
Dr. Joseph Ladapo, who is a brilliant man, a medical doctor and a PhD, both.
Kind of a big deal, Joe, no?
MD, PhD, a little bit of education there.
Spent a little bit of time in school.
Here's Dr. Joseph Ladapo.
He runs basically the public health care system here down in Florida.
He's an amazing human being.
Here he is yesterday, one of the smartest guys you're ever going to meet, saying, listen, man, I'm basically tired of all this crap about vaccines and masks and all this other junk.
It's time to start talking like actual scientists and cut the garbage.
And he says, hey, we got a little bit of a problem with the vaccine right now, too.
Of course, the media went nuts, tried to attack him, probably because most of them are racists and Dr. Ladapo happens to be black.
They don't like that.
Can't be a black conservative.
I mean, come on.
We need more truth-telling like this.
Check this out.
Pushing masks, pushing the vaccines in little kids, all these low value, divisive policies.
They did.
Meanwhile, here's the truth.
Right.
You look at these studies of the mRNA COVID-19 vaccines.
There was a study published a few weeks ago in a journal called Lancet, a great journal that's well known, I should say.
And what did these what these authors show?
They showed that after seven months, the protection for infection, right?
It started, I don't know, around 70%, down, down, down, down.
At seven months, It hops onto the other side of the axis, right?
So it is negative, and that continues, and the magnitude of that negativity increases over time.
What does that mean, folks?
It literally means that the people who received that vaccine were more likely to contract COVID-19 after seven months than the people who did not.
That is a fact.
Has the CDC or FDA ever said a word about that?
No.
That vaccine, man, is really kicking ass, huh?
Doing such a great job.
How about we get more of that and less of Fauci?
Do not be distracted.
Keep your eyes on what's going on.
I've been warning you all week.
It's not time to panic.
Panic kills.
That's a fact.
People act irrationally in a panic situation.
It does you no good whatsoever.
There is time to focus on your emotions and there's time to focus on a problem.
Someone dies, you focus on the emotions because you can't fix that problem.
They're dead.
Focus on your emotions and getting there.
The way people cause themselves psychological and mental health issues is they focus on the wrong thing.
Someone dies and they focus on the problem as if you can fix the person dying.
Then there's problem focus.
Today's the time to be problem focused.
We've got a massive banking crisis brewing that I'm telling you very few people are telling you about.
I'm going to focus on the problem and how we fix it in our lives.
Let me get to this first.
I'm going to get to that next, just how bad this situation is.
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Folks, this is proof we're being led by idiots.
And as we stare another potential massive banking crisis right in the face right now, we are being led by a class of utter buffoons.
Here is our Treasury Secretary, Janet Yellen, up on Capitol Hill yesterday in some of the most disturbing economic testimony I've ever seen.
There's only one of two scenarios here, and only one of two.
There's an A and a B option.
Option A is Janet Yellen is an idiot.
I mean, like a really dumb person.
Option B is Janet Yellen's not dumb.
Janet Yellen has completely politicized herself and is running cover for the regime because she doesn't want you to know how bad the banking crisis is.
I'm going to tell you with near absolute certainty it's the latter.
Option B. She is not stupid.
But she pretends to be up on Capitol Hill.
Here's Janet Yellen up on Capitol Hill yesterday saying two completely contradictory things at the same time.
She knows they're contradictory.
That inflation's a problem.
It is.
And that she supported the American Rescue Plan, which spent money we didn't have, printed a bunch of money because we didn't have it, which caused the inflation.
Listen for yourself.
I consider high inflation...
The number one economic problem that all of us need to face and address.
It's the president's top priority.
I was very supportive of the American Rescue Plan.
I think there are many factors that have contributed to high inflation.
Please, folks, don't default to the former.
Option A. Oh, she's just an idiot.
She is not an idiot.
She knows exactly what she's saying.
She knows the American Rescue Plan, compounded by a lot of the COVID payments and the printing of money to do it, because we didn't have that money in the Treasury, caused massive inflation as the money they printed started chasing fewer and fewer products and services.
That's just tautological.
That's just simple inflation math.
More money, less products.
Products fetch more money.
This isn't complicated unless you're a liberal.
Yellen knows that.
She's being intentionally deceptive to make it seem like the liberal big government dream of spending us into bankruptcy is not at the cause of all your problems.
Janet Yellen, I will argue, sorry to belabor this point, but it is critical.
Janet Yellen could have solved this inflation problem yesterday by going up on Capitol Hill and just telling the truth that she knows to be true.
That government spending and the printing of money to finance massive government spending is causing this inflation crisis and is destroying our economy.
It would have sent an earthquake through the media.
It would have been undeniable if Biden's Treasury Secretary would have said that.
She can't.
She's got no guts.
She is a gutless, gutless human being.
A scared coward.
She is not stupid.
Here's Yellen, by the way, who again has been wrong on just about everything involving fiscal policy and monetary policy.
Here's Yellen telling an interviewer that inflation is not much of a problem.
This is from a while ago.
Totally missed the ball on that one.
Why?
Because she's dumb?
No, she knew it would be a problem.
She just decided to lie about it.
Take a listen.
If the economy is going to get back on track, I don't anticipate that inflation is going to be a problem.
But it is something that we're watching very carefully.
Don't worry, Joe.
They were watching it very carefully.
Thank God for the government's watching it very carefully.
You hear that, Keith?
She was watching it carefully.
Such a good job.
Really knocked that one out of the park.
Thank God for government.
Let's get more government, more regulators, by the way, doing such a good job.
They've only missed every major financial crisis of our time, while the government they claim is going to regulate a financial crisis causes another one.
Folks, nothing to see here, by the way.
Hat tip, what is it?
YAL or YAF. I saw this on their thing.
This is an account of Fed assets.
Federal Reserve's balance sheet.
No sweat, folks.
You look at that last thing.
They've only added hundreds of billions of dollars to the balance sheet.
Yes, in just a few days.
Don't worry about it.
No big deal.
The number I heard last was $300 billion to $400 billion of new printed money.
Wow, that sounds like a lot of money.
I mean, they just created it digitally or printed it?
Yeah, yeah, that's what I mean.
Yeah, that's exactly what I mean.
They printed it to go buy assets from other people.
Where do you think that money's going to go?
Oh, gee, I don't know.
Maybe back into the economy?
Well, won't that cause inflation?
The same inflation that causes rates to grow up and cause these banks to collapse?
Yeah.
Wouldn't that be more banks would collapse as the Fed prints more money?
Yeah.
Well, why aren't they telling you that?
Because they're liars.
Joe Gee says, what could possibly go wrong?
I don't know, Gee.
A bank could collapse?
Bail them out.
I'm sorry.
These two guys really run the show, not me.
They're both correct.
Guy says nothing's going to go wrong, and Joe says Guy's right.
Dan's an idiot.
They'll just bail him out again and print more money.
And then I respond back to Joe and go, but if they print more money, won't that cause more inflation, which would cause more banks holding interest rate-sensitive documents and deposits?
Wouldn't they hold those?
Wouldn't that cause more banks to come in there?
And Joe will go, Joe goes, nah, dude, don't be in it.
They'll just bail them out too.
Oh, essentially nationalizing the banking system, causing a Weimar Republic-like inflation death spiral that will destroy our economy?
Joe's like, yeah, what's the problem?
That's been their intention all the time.
Stop the nonsense, Dan.
Stop it.
Good point, guys.
Thanks for squaring me away.
Yellen's all over it.
Yeah, Yellen's all over it.
She's all over the Social Security pending insolvency too.
She's on that.
Don't you worry.
Social Security has some non-partisan actuaries.
Non-partisan, not political figures.
And they've looked at the numbers.
I'll show you the numbers coming up in a minute.
But they've said, listen, the thing's insolvent in 10 years.
10 years.
Your lifetime.
Many of you in your 50s, 60s, 70s even.
Who may be getting Social Security or getting it now?
They're telling you you're going to get a haircut in 10 years of 20% because it's running out of money.
Don't worry, Janet Yellen's got a plan for that.
Just like she was monitoring inflation.
No sweat.
Get to that in a second.
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Don't you worry.
Janet Yellen was monitoring inflation.
The Fed's only added hundreds of billions of dollars of new assets to their balance sheet, printing a whole bunch more money, causing inflation and rate hikes, which are putting banks in a bad spot as they hold these deposits sensitive and these assets sensitive to interest rates that have to go up to combat the inflation the government caused.
No big deal!
And don't you worry about Social Security seniors either.
Janet Yellen has a plan for that too, even though there's a massive benefit cut coming your way in, yes, 10 years, possibly less.
Who is this?
This is Bill Cassidy, Republican senator from Louisiana.
He asks her about how much Biden actually cares about Social Security, given that it's going to get cut in 10 years.
What's the plan?
Take a listen.
Why doesn't the president care?
He cares very deeply.
Then where is his plan?
He stands ready to work with...
That's a lie, because when a bipartisan group of senators has repeatedly requested to meet with him about social, so that somebody who is a current beneficiary will not see her benefits cut by 24%, we have not heard anything on our request.
So don't worry, Janet Yellen and the Biden team were monitoring inflation, and it wasn't going to be a problem until it was.
And the president cares very deeply about Social Security, except for the fact that Democrat and Republican senators have been dying to meet with him to say, hey, we got an insolvency problem with Social Security, and he won't even take the meeting.
So his plan is this.
You're listening on audio.
That's the double-barreled, non-family-friendly.
Come on, Dan.
Nothing's going to happen to Social Security.
Ha!
Sorry.
You believe that?
I'm trying.
I am desperately trying to seniors out there.
I am trying to protect you.
I promise you I am your friend.
I understand you did not bankrupt the country.
Matter of fact, if anyone...
Anyone is owed anything by this country.
It's you.
You fought in our world wars.
You lived in a much tougher society than we did.
You lived through the Great Depression.
I am with the most sincere candor telling you if anyone deserves anything from this country you built, it's you.
I'm simply telling you the program is broke.
You don't have to listen to me, but you do have to listen to math.
Washington Times wrote a piece on it the other day.
The CBO's latest estimate, the CBO, this is like a liberal-leaning congressional budget office.
Even they're saying Social Security will be unable, unable, unable for the third time to pay full retirement survivor benefits beginning in 2032. Folks, for liberals out there having a tough time doing math, that's 10 years.
The program faces a shortfall as the population ages and birth rates remain low.
If Washington does nothing, that's the Biden plan, the double-brow middle finger plan.
If the Biden do-nothing plan continues, Social Security benefits will automatically be slashed by 20. 20%.
Not 2. Not 12. 20%.
2-0.
Resulting in an estimated $12,000 to $17,000 benefit cut for a retired couple.
I'm just...
Please, I am desperately trying to help you.
Please understand, if nothing is done, the retirement age isn't upped.
There is not some form of means testing enacted.
The program is going insolvent.
There is no amount of a tax increase that is going to save it without destroying the entire economy.
I tried.
I'll continue to try.
Joe, how long have we been harping on this?
Eight years.
How long have we been doing the show?
About eight years.
Yeah.
You understand, like, eight years ago, if we would have fixed this problem, it wouldn't be a problem.
Now, eight years later, the problem's even worse.
And if we wait eight more years, you're going to get screwed.
Here's Yellen again.
While this entire thing blows up in our faces, we printed a bunch of money.
Interest rates went up to try to combat inflation.
Banks went out of business because interest rates went up.
Here's Mike Crapo, Republican senator, getting Janet Yellen to basically admit that the government caused this entire crisis by causing the inflation that caused the interest rates to go up to crush the banks.
Here, she just admits it right here.
Take a listen.
That it couldn't meet depositors' withdrawal requests.
Because their capital was losing value and they were not able to access their capital.
And I attribute that to the interest rate hikes that we are seeing in the face of the inflation.
Am I wrong in that?
Well, my understanding is that the bank, to meet liquidity needs, had to sell assets that it expected to hold to maturity.
And Given the interest rate increases that have occurred since those assets, including treasuries and government-backed securities, they had lost market value.
All right, and we're on the same page on that then.
You see how Crapo realizes he just got her to admit that the government causes the whole thing?
And he's like, oh, he's very clever there.
Oh, so we are on the same page as I don't even think she realizes she just gave up the whole scam.
She basically says, listen, customers came for their money because they needed it, which is going to happen as the economy gets worse.
Joe, why would people need money as the economy gets worse?
You think that's a possibility?
If the economy gets bad, people may need money?
You've got to live, you know.
Oh, and you need money.
So as the economy gets worse, people are going to go to the bank to get more money.
And the problem is the banks have a bunch of assets that are losing money because they're interest rate sensitive.
And for the thousandth time, interest rates are going up because government spent a lot of money.
So the banks, as they cast these losing assets in, are losing money.
That's why they're losing assets.
So what are they doing?
They're now going to the Fed.
Should we tie this all together?
They're now going to the Fed to park those losing assets as collateral while they borrow money from the government so they don't lose money on that collateral.
Oh, okay.
Everything's good.
Except Where are they getting the money to fed?
They're printing in, which is going to cause more money to flow into the economy, which is going to cause those collateralized assets to lose more money, which is going to cause banks to go under and taxpayers to have to bail them out yet again, which is going to require more money printing and an inflation death spiral that could tank our entire economy.
And she just admitted it.
Here's another gem here.
You know what?
Let me get to my last sponsor.
I appreciate your patience.
Our sponsors pay for the show.
Keep it free.
I deeply appreciate your time.
Janet Yellen admitted something else here, too, yesterday.
She basically admitted that taxpayer bailouts of these banks are funding a bunch of wealthy Chinese investors with possibly shady connections.
She admitted that yesterday on the road too.
Kind of weird how we did that, knowing that this bank had a lot of Chinese potentially connected to the Chinese government depositors.
It's not like Biden Inc.
has any connection to China either.
Oh, they do!
That's weird.
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We appreciate it.
Hey, one quick note I should have mentioned at the beginning of the show.
We're very sorry about it.
We don't have a lot of technical hiccups at Rumble, but we are a tech company.
And like any other company, once in a while, there's a snafu.
You can't control everything.
Power lines go down.
Data centers have issues and things like that.
It's very rare.
We had a little bit of a hang-up during the live broadcast yesterday, in the live chat.
If that ever happens again, just refresh.
It'll come back.
It was a little hiccup.
And if you missed yesterday's show because of it, please check it out.
It is well worth your time.
Yesterday's show is really, really important about the future and what it looks like for your kids.
So we appreciate everyone.
And if you have any issues, I was just refreshed.
We shouldn't have it again.
We fixed it.
But thank you for everyone who hung tight yesterday.
Our apologies for that.
Okay, so Janet Yellen revealed something else yesterday.
Republican Senator James Lankford.
Lankford says to her, hey, am I getting this right that we're going to have to bail out a bank and that some of the bailout money basically backstopped by U.S. taxpayers is going to be going to wealthy investors from China in that bank?
That sounds kind of weird.
That can't possibly be true, right?
Nah, Joe, no way.
I mean, that would be just unbelievably vulgar, right, how we did that?
That's a...
It turns out, yeah it is!
And she actually admitted it.
Take a listen.
It has been reported publicly that SVB had a large number of Chinese investors that are there, including some that were companies directly connected to the Chinese Communist Party.
Will those individuals, companies, entities, and investors that are Chinese investors be made whole based on assessments in my banks in Oklahoma?
So what I'm asking is, will my banks in Oklahoma pay a special assessment to be able to make Chinese investors whole from Silicon Valley Bank?
Uninsured investors will be made whole in that bank and I suppose that could include foreign depositors.
Jeez.
But don't worry.
Don't get upset, Joe.
It's no big deal.
There's no connections whatsoever between the Biden family and China, so therefore no incentive whatsoever for them to bail out foreign investors from China.
Actually, the judges ruled I'm an idiot.
I'm so crazy.
I must have missed this clip.
Guy said, Dan, you need to check this.
I totally missed it.
Guy's giving me a signal right now.
He's like, no, no, no.
No, no, no.
There is actually a connection between apparently a growing network of Biden family members and China.
So strange.
Sounds to me like a conflict of interest, but call me crazy.
Here's a report from Fox News on the news program yesterday, which, you know, when they're launching something...
You know there ought to be something.
Here it is yesterday in a news program on Fox talking about Biden family members who may have gotten money from Chinese Communist Party connected companies.
More members.
Really, really strange.
Take a listen.
You look at some of these payments here.
House Oversight Committee Chairman James Comer claims subpoenaed bank records show President Biden's daughter-in-law Haley received $35,000 over two transfers In 2017, Haley is Beau Biden's widow, was also in a relationship with Hunter Biden after Beau had died.
Comer says just before those transfers, a Chinese energy firm wired a family Biden associate $3 million.
Comer says soon after that, the associate, Rob Walker, sent hundreds of thousands of dollars to members of the Biden family.
Everyone says it was for an energy deal.
Well, it looks to me like these people who are closely aligned with the Chinese Communist Party sent three million dollars to a shell corporation.
Then they turned around and split it three ways with a third going to the Biden family.
Three different family members for no apparent reason.
Now, much as this is from U.S. Treasury Department documents the House Oversight Committee has just reviewed, Comer says Walker initiated the transfers two months after Joe Biden left the vice presidency.
Walker worked with President Biden's son Hunter and his brother Jim on a partnership with Chinese energy firm CEFC. His office has yet to name others involved.
Folks, don't worry.
Again, there's just nothing to see here.
Taxpayers bailing out Chinese investors in a rich tech borough bank.
The Biden Family Inc.
operation, a growing network of them accused of taking money from the Chinese Communist Party-connected companies through an affiliate named Rob Walker.
You know, this is the first time we're clearly hearing about Rob Walker, so forgive the media for not covering this up.
I can't.
He's waving his hand again.
Dan, that's not true either.
We actually knew about Rob Walker a long time ago when the business partner of the deal, Tony Bobulinski, released a recorded call with Rob Walker talking about these business deals.
We knew that?
He's waving.
No, no, Dan, we already knew about Rob.
Oh, the media just started reporting.
Oh, that's right.
You can listen yourself.
If he doesn't come out on record, I am providing the fact.
You're just going to bury all of us, man.
Just gonna bury all of us, man.
There's Rob Walker talking to Tony Bobulinski.
It's not like we've had that for, what, a year plus now?
If you listen to this show, Tucker, and elsewhere, of course, you already knew about Rob Walker.
Here's the House Oversight Committee's report, by the way, that Robinson Walker LLC wired over $1 million to this EEIG group in Abu Dhabi, a company associated with a business partner of Hunter Biden.
That's right.
That's right.
Oh, that's an old conspiracy theory.
Really?
All this information is coming from the US Treasury.
Oh boy.
All right, let me go to a couple more things.
I'm going to get to questions for Dan.
This is kind of hilarious watching Karine Jean-Pierre, who is so clearly out of her league intellectually.
She has no ability to deal with any crisis whatsoever.
Anyone changing their vote?
This may be one of your last opportunities.
No?
He's giving a thumbs down.
Still sucks.
Here is the absolutely hapless Karine Jean-Pierre.
She's asked a question yesterday by the sycophantic ass-kissing media in the White House.
Hey, did Donald Trump, did the banks fail because of Donald Trump and the deregulation in 2018?
Listen to this ridiculous word salad where she implies just that.
Yeah, Trump did it.
Check this out.
As you all know, the Obama-Biden administration put in place tough requirements after the 2008 financial crisis to make sure that this sort of crisis would not happen again.
But unfortunately, in the last administration in 2018, some of those rolled back some of those regulations that would have been incredibly important as we move forward.
So as the President said, Congress and regulators must strengthen those rules for larger banks so that this doesn't happen again.
And so, again, there's a legislation that we are encouraged to see, and we'll continue to work with Congress on what else can be done.
But as we know, there's quite a bit that we can do administratively, but without Congress, we can't fully deal with this issue.
This is why I need you two guys here, Joe.
He brought up a great point, Joe.
By the way, that wasn't a question.
It was a setup for Camille Jean-Pierre to blame Trump.
You understand that, right?
Yeah.
Oh, funny you should ask about Donald Trump.
Donald Trump did this, the bank crisis.
Oh, a raccoon dog did it.
A raccoon dog Donald Trump owned as a pet.
The one person who asked that question is the one reporter in the room with a mask on.
It's a total setup.
So again, for the thousandth time, did the deregulation under Donald Trump have anything to do with this?
Here's an article in the Wall Street Journal.
Stress testing wouldn't have even saved the Silicon Valley Bank.
They note that the interest rate they used for the so-called stress test, that it was about 0.5 to 1.5%.
Well, what's the problem?
By that time, interest rates were closing in at 5%.
So basically, the Fed's own stress test grossly underestimated the Fed's own estimates of the interest rate, which would have caught nothing.
Zero.
Why?
Because the federal government sucks at every single thing it does, every single time.
All right.
Donald Trump did it, though, definitely.
And the raccoon dog.
Trump and his pet raccoon dog.
I wonder what raccoon dogs eat.
Do they eat nuts?
Do they eat tree leaves?
What do they eat exactly?
All right.
I don't want to miss this.
Let's get to questions for Dan.
I caught him off guard there.
Don't cut that out.
It's a good part.
I see what the lives...
I see what the lives...
You got to leave all that stuff in.
It adds to the flavor of the show.
You're going to see on my radio show how much stuff...
Jim can vouch how much stuff we screw up.
Joe, right?
Live radio.
A lot gets screwed up.
You know why?
Because it's live.
You got to roll with it, dude.
You got to roll with it, babe.
That's Joe's bed.
Hey, Dan.
At versus.
Do you think whoever wins the Republican primary, the other candidates will back them or there'll be resentment, which caused division in the party?
I love this.
This is maybe one of my favorite questions in a long time.
Versus the answer is yes, and I hope not.
Listen, you know I have been an avid supporter of what I believe were strong portions of the Trump agenda.
Not all of it, but good portions of it.
But I'll tell you right now, if Trump or DeSantis, who appear to be one and two, we'll see what happens.
Early polls mean nothing.
You could always have a dark horse.
Ask Bill Clinton.
Joe, you remember the Clinton race?
There was zero chance he was going to win.
Everybody's like, who's this goofball from Arkansas?
He wound up winning two terms.
So we don't know.
Let's just assume, though, one and two for now.
Trump, DeSantis, whoever wins, they damn well better back the other guy.
I don't want to hear any talk about a third party or don't show up and vote.
None.
I will be the first one to fillet anyone who says that.
I don't care who it is.
Hey, Dan, at bburgess440.
I'm about to be a new father.
I just found out last week it's going to be a girl.
Congratulations, sir.
As a girl dad yourself, I have two.
Do you have any advice for me?
I do.
And it's advice that was given to me.
And the advice is to tell your kids.
Obviously, when they're newborn, it's not going to do much good.
But tell your kids to act like they're watching themselves in a movie.
As they're doing something they probably shouldn't be doing.
Would you be proud of that person?
Or would you be ashamed and embarrassed?
The answer is the latter.
That you're ashamed and embarrassed.
Then you should probably not do that.
But you will look at your daughters like you've never looked at anything else on this planet.
You don't know true love until you've had daughters.
That I absolutely promise you.
Hey Dan, I'm a Northeast transplant to the South.
Opinion.
New York City may be a dumpster fire, but best pizza?
Yes or no?
At Telfair.
Oh, come on.
Listen.
New York City is a lot of things, okay?
Bad pizza?
No.
New York City is the mecca of pizza.
And the crazy thing is it's not even just Manhattan anymore or the Bronx, well, Brooklyn, which had killer pizza too.
It's now filtered into Queens, Long Island, Nassau, even Suffolk.
The pizza in New York is mind-blowingly good.
And here's the thing about pizza in New York, summed up in a couple sentences.
The pizza is so good in New York that if you dare open up a bad pizza place, you will be humiliated out of existence in probably less than a week and will never open up another store again.
That's how good the pizza is.
So yes, absolutely the Mecca of pizza.
Just stay out of Times Square.
You go to Manhattan, Queens, you almost can't go wrong.
Hey Dan, at HDLady57, you think our drone that was destroyed by the Russians was payback for the U.S. blowing up their pipeline?
I watch your show every day and thank you for all you do to keep us deplorables informed.
Listen, I'm not willing to 100% say we blew up the pipeline.
I'm telling you, again, playing probability equations, I think, yeah, it's highly likely.
Just like I'm 99% sure it was a lab leak, but I'm not 100% sure.
I'd be lying to you.
Of course, there's always a probability it wasn't.
Was it retaliation?
Folks, from what I'm hearing from military friends of mine, the Russian pilots are so stupid and so bad.
I've heard this from a number, not just one.
They're not...
They're not even sure this thing came from the top.
This may have been some moron-like student pilot who just wanted to be a badass.
I'm not sure.
The Russian pilots are really, really bad.
Really bad.
So I'm not sure.
It could have been from Putin, again, but if I had to bet my right arm on it, I wouldn't bet it on that.
Could be this pilot trying to be a hot dog.
Hey Dan, that's Susie Sirius.
Can you explain how investing in gold works?
If the dollar collapsed or digital currency is implemented, then how does one use their gold?
It's very simple.
Gold's an asset.
And the asset can't be printed.
It has to be mined, which requires work.
The Federal Reserve can create money like that.
Creating gold money, if it were official currency, requires you to go and mine it, get it out of the ground to create more.
Now, you know, ask the Spanish.
You know, mining more gold doesn't mean wealth.
Ask the Spanish if you doubt that, by the way.
Which means you have more gold and what you would consider a unit of a store of value.
Money is a store of value, right?
Look at this $100.
It's a store of the value I got for working.
The value is the work, not the money.
It's just a store of value.
The problem is everybody has to agree it's a store of value.
If everybody said tomorrow, gold isn't value either, be gone.
The thing about gold in contrast to money is money is fully based on faith, right?
That $100 bill is just a piece of paper.
Well, why is it worth something?
Because we all say it is.
The difference about gold is it actually has some material value.
It's shiny.
People have loved it throughout human history.
And it's hard to print.
So that's why I buy gold as much as I can.
At Rourke Parjian, I'm just reading the names.
Does it mean something?
I don't know.
I just read the names.
Hey, Dan, Rush Limbaugh told us not to panic.
I'll tell you when to panic, he said.
What do you think he'd say today?
Listen, Rush Limbaugh is an icon.
I wouldn't even dare to get in this legend's head.
Like I said, I'm always embarrassed to be in his slot on the radio.
I feel bad you have to listen to me over him.
I don't want to listen to me.
I'd rather listen to him.
I think he'd be a little worried right now.
I'm just guessing.
But again, far be it for me to try to get in his head.
He was a really amazing broadcaster, but we're in a little bit of trouble.
We can get out of it, but panic kills.
So don't ever panic.
But I'd be a little worried right now.
All right.
All right, folks.
Thanks again for the questions.
I really appreciate it.
Please don't miss my Fox show, Unfiltered.
I have a couple interesting segments coming up tomorrow.
One of them about a very specific weight loss drug that may be causing people a lot of problems you need to know about.
I also have an opening segment where we're going to destroy Destroy any semblance you had that the Biden administration is telling us the truth about us.
And I'm going to give you another segment.
Us versus China, nationalizing banks.
What's the difference?
When I point out to you us versus China, I think you're going to believe me.
We're not that much far away from communist banking here ourselves.
Tomorrow night, unfiltered.
Saturday, set your DVR if you can't make it live.
Thanks for making the show number one, too.
We really appreciate it.
Subscribe to the podcast on Apple, Spotify, and Rumble.
It's free.
Rumble.com slash Bongino.
That helps us a lot, too.
We really appreciate that.
I'll see you back here on Monday.
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