Donald Trump's plan to abolish the IRS, replacing it with an External Revenue Service under Howard Lutnick, aims to cut 6,000 agents amid $2 trillion in annual revenue and a $36 trillion debt. The episode details claims of $2.7 trillion in Medicare fraud and specific ESG spending, contrasting these with Democratic opposition to a "Doge dividend." It covers Kash Patel's FBI appointment, Adam Schiff's impeachment history, the cancellation of minor gender surgeries due to funding cuts, and Elon Musk's $44 billion Twitter acquisition justified against media bias, concluding that these moves signal a radical consolidation of executive power and a fundamental restructuring of federal governance. [Automatically generated summary]
Transcriber: CohereLabs/cohere-transcribe-03-2026, Qwen/Qwen3-ForcedAligner-0.6B, sat-12l-sm, and large-v3-turbo
|
Time
Text
Trump Wants to Abolish the IRS00:06:02
The gremlins, they're working overtime.
It was a little tricky getting the live stream up just now, but here I am and we have a huge show because there is so much news today.
Welcome everyone.
I am Trish Regan.
This is the Trish Regan Show.
And boy, oh boy, I mean, first of all, Donald Trump wants to get rid of the IRS.
Big headline there.
He's firing 6,000 IRS workers.
We're going to talk about whether or not he really can get rid of the IRS and move to the external revenue service.
Meanwhile, Kash Patel, he's in, in as head of the FBI.
Mitch McConnell, on the other hand, is out.
Lots to get to as Jasmine Crockett, a representative out of Texas, is out there saying, no, no, no, we don't want to get 5,000 checks from Doge for any kind of savings that they're coming up with for the government.
I'm telling you, they have really lost the story.
You know that all of these Democrats that are fighting this at every turn, you can just imagine how Adam Schiff is feeling right about now.
We're going to get to that because he's pretty excited.
explosive on news that Kash Patel is in.
Lots to talk about, but first off, wow, no more IRS.
Could you imagine a day?
I was talking to a friend last night who said, I never thought I'd see this day.
I never thought I'd see a day where maybe we could actually be getting rid of the IRS income taxes for good.
Listen to this.
I mean, you should see the expression on Jesse's face here.
He's a little bit shocked, the Fox News anchor, because Howard Lutnick, who, by the way, I've known many years, don't forget, he was the CEO of Cantor Fitzgerald.
He went through hell and back after 9-11.
We can talk about that.
But here he is saying Donald Trump wants to get rid of the IRS.
And Howard's a pretty serious guy.
I want you to hear it.
Well, think about it.
Donald Trump announces the External Revenue Service.
And his goal is very simple to abolish, his goal is to abolish the Internal Revenue Service and let all the outsiders pay.
I mean, this is someone who is focused on America.
Wow, right?
That's kind of fascinating.
We'll just get rid of it altogether, we'll replace it.
With the ERS, the External Revenue Service, I mean, Donald Trump's looking to fire 6,000 IRS agents already, sort of sending a signal there.
You know, just to point out about Howard, you know, when Howard says this, if like it were anybody else, if it was just a pundit, I'd be like, okay.
But this is Howard Lutnick, who is now our Commerce Secretary.
Okay, the Commerce Secretary of the United States of America is saying that Donald Trump wants to abolish the IRS.
So you have to kind of take it a little bit more seriously than if it was just some random pundit on television.
Howard's kind of a big deal.
And again, he has a phenomenal background.
Don't forget, CEO Cantor Fitzgerald.
And for those of you that remember those horrific events in 9-11, listen, Howard was personally affected just in a massive way because that firm got gutted.
He lost his brother.
And you know what?
He got a lot of negative attention around that time, even though he was trying to do everything he could for his employees and their families, a lot of negative attention, which he brought up on a recent podcast, in part because I think he understands the media and how nasty.
The media can be listened to this.
Ladies and gentlemen, your new Commerce Secretary, Howard Lutnick, a true patriot that went through hell and back on 9 11.
Which had said lovely things about us, you know, trying to rebuild the company, trying to take care of the families, and they had the mass murder of 658 people who worked for us.
They say he must be lying.
He's crying crocodile tears.
The murder of my brother, my best friend, all my surrounding people, and all the people I hired is insufficient to get a guy who wears a suit to cry.
Bill O'Reilly, every night, death threats, calling me names.
Rosie O'Donnell calling me names.
Everybody's calling me names.
All I did was have everyone around me get killed.
And I tried to help them.
But you know, the media builds you up and then they whack you down.
Yeah, he gets it, right?
He knows.
He knows.
You know who else knows?
Rosie O'Donnell.
I'm just going to tell you, Howard, don't take it that personally.
It was Rosie O'Donnell.
And we all know Rosie O'Donnell.
Trump was on to her years ago.
Mr. Trump, one of the things people love about you is you speak your mind and you don't use a politician's filter.
However, that is not without its downsides, in particular when it comes to women.
You've called women you don't like fat pigs, dogs, slobs, and disgusting animals.
Your Twitter account is only Rosie O'Donnell.
No, it wasn't.
I mean, wow.
You know what?
The guy's got some chops, right?
He knew exactly how to diffuse, if you would, this situation because it was a heck of a question, but he immediately diffused it.
Rosie O'Donnell, look, she's been a thorn in his side, I guess, forever.
She does something now.
I occasionally run across her in some clips, but here he is.
I mean, so long as we're on the Rosie thing, talking about Rosie O'Donnell at the Al Smith dinner.
You know, last night, I called Hillary a nasty woman.
But this stuff is all relative.
After listening to Hillary rattle on and on and on, I don't think so badly of Rosie O'Donnell anymore.
In fact, I'm actually starting to like Rosie a lot.
He's funny, okay?
But anyway, I just bring it up because Howard Lutnick, again, Howard Lutnick saying, listen, this is serious.
He wants to get rid of the IRS.
He wants to abolish the IRS.
He wants to completely turn on its heels.
Funding Tariffs Without Imports00:03:14
How we think about taxes, all right?
And Howard, as I said, like you may not know him well or maybe you knew him from Rosie O'Donnell, as he said.
which, you know, take that one with a grain of salt.
But he has run Cantor Fitzgerald for years, and he ran Cantor Fitzgerald through that really, really tragic time.
So he's a serious guy.
And it means we kind of should be looking at this seriously, right?
I mean, you think about the $6.75 trillion that the U.S. government is taking in.
My colleague over at 76 Research and I were looking at some of these numbers today.
And so that's like a lot of money.
So how much of that actually comes from income tax?
It turns out it's a little over $2 trillion or so.
Yeah, like 2.1 or 2.3 trillion.
So that's a lot of money, is it not?
You know, if you put certain things aside, like, you know, what we're bringing in from the surplus of Medicare, it gets you down to 5 trillion.
So we're going to bring in 5 trillion.
Now, if 2 and change is coming from income tax, how are you going to make that up?
21% goes to Social Security right now, 15% to Medicare, 14% to defense, 13% to interest.
interest on our debt.
That's why Elon's so worked up about it.
13% to health, whatever that is, maybe it includes Medicaid.
And then 9% to income security, possibly food stamps.
You've got 6% going to veterans, 3% going to educational training.
I imagine that'll go by the wayside.
2% to transportation, 2% to natural resources and environments, and 3% other.
So what are they trying to do?
Trying to get rid of the other, trying to get rid of all the things that we don't need in the budget.
And they're trying to say, let's turn this on its heels.
Like what if, for example, we actually taxed China when they Send stuff here.
Would that work?
I throw that out there because you know people worry that's going to be inflationary.
It might be inflationary temporarily, but at some point, right, we'd actually start sourcing a lot of that stuff right here in the good old US of A.
And isn't that kind of where you'll want to be going to have as much manufacturing right here at home?
Well, if we do that, Spiritfield, thank you so, so much.
I want to get to all your comments in a moment.
If you do that and you start putting the tariffs on it, okay, great.
At some point, do we make everything at home?
And then, in that case, how are you going to get this two trillion and change if you're not getting it from imports?
At that point, do you put what's called a vat tax on?
Listen, i'm going to just tell you guys, I like the idea of a consumption tax.
I always have, because I really despise the idea of penalizing working Americans.
You go out there, you're working, you make money and Uncle Sam's like, give me, give me, give me, give me to redistribute your hard-earned dollars.
I don't like that.
I fundamentally don't like that, And that is where Trump and I are in complete agreement.
Why not start to think about this innovatively?
I mean, first of all, half the country doesn't even pay any federal income tax.
That's for sure.
So you're going to have to deal with getting that $2 trillion and change from elsewhere.
Why a Consumption Tax Works00:06:01
But I think it's possible.
I mean, you've got some smart people there, some really, really smart people that are thinking about this in ways that, frankly, we never thought about it before.
And if nothing else, I find that pretty darn exciting.
They're also saying, hey, wait a second, you know, this is out of control.
We can't keep spending all this interest on our debt.
And do we really need to be spending 3% on educational training?
I wonder what that is.
Is that, you know, so that the coaches on the girls' soccer team know what to say when asked what to say about somebody who was born a man being on the soccer team?
I wonder, right?
You're getting rid of USAID.
You're going to save like $50 billion right then and there.
And there's more cost savings that can happen.
So Stephen Miller, who's the policy advisor to the president, went on CNN.
He's like super excited about all the cost savings.
CNN doesn't like it.
The Democrats don't like it.
The media doesn't like it.
Hey, they're not going to get their USAID money anymore, I guess, if CNN was getting it.
So Stephen Miller starts getting really amped up and, dare I say, a little under the collar about these spending cuts that, for whatever reason, and I think we know why, the CNN host is not appreciating.
I want to show you this clip because it is un believable.
And we have to watch all of it.
Okay.
So just watch this with me because I think we need to react in real time to the craziness and the fury that you're hearing from the Democrats.
The left just does not want any spending cuts.
Scott Besson, our Treasury Secretary, wants spending cuts to the tune of 2%, 3% a year.
I mean, this is not feasible the way we're going.
So, okay.
So you're saying that the president, in your view, doesn't have the authority to recall a member of the armed forces who.
May or may not, again, I'm the first sign of hearing of this, that may or may not be serving overseas?
Stephen, you understand how the Guard and Reserve work.
They have a day job, and then when they're activated, they deploy.
While they deploy, that employment is protected by law.
Your question is lacking in so much detail.
I promise you, I'm trying to follow your question.
Are you asking me if the president has the authority to remove a member of the military who may be serving overseas?
Is that your question?
My question was.
Okay, well, I don't know how much airtime you want to spend on this, but I'm not following your question.
I think it's an important one.
I guess I'll determine how much airtime I spend on it, but does your administration understand who is in the federal workforce?
Yes, we have such a broad question.
Of course, we understand who's in the federal workforce, and I'm happy to indulge all of these.
Very histrionic questions that anyone may or may not be fired.
That it's 30% veterans?
I think that the.
And that you have people who are deployed?
The U.S. government has $36 trillion in debt.
The interest payments on the debt exceed the national defense budget.
The American people are exhausted and tired of watching their tax dollars be corruptly spent, abused, wasted, and in every sense robbed and stolen from them.
This president, for the first time in history, is committed to restoring accountability.
At every level of the federal government, you may assert there's no waste in the Pentagon.
You may assert there's no waste in Treasury.
I'm not saying that.
You may assert there's no waste in HHS.
Stephen, I don't think anyone.
Then why are you not celebrating these cuts if you agree there is waste, if you agree there is abuse, if you agree there is corruption?
Why are you not celebrating the cuts, the reforms that are being instituted every day that no action is taken?
The entire salaries of American workers that are taxed disappear forever.
Stephen, let's calm down.
We're not having a debate about whether there are billions of dollars.
You are clearly trying to debate me, and I will be as excited as I want to be about the fact that we are saving Americans billions of dollars, that we are ending the theft and waste and grift and corruption, that we are stopping American taxpayer dollars from subsidizing a rogue federal bureaucracy that has been relentlessly weaponized against the American people.
You may not care about this issue.
You're Calling to not care about this issue, but we care about this issue.
The American people care about this issue, they also care about privacy.
The American public overwhelmingly supports what President Trump is doing.
Let's talk about IRS data.
The Doge will be able to access.
You have Doge asking for access to the IRS systems, this includes the integrated data retrieval system.
I know you've talked about this a little bit.
Will Doge employees be able to access individual taxpayer ID numbers and social security numbers?
No.
But also, keep in mind, you keep talking about.
Will they be able to access taxpayer bank account information?
They will not be able to access anything that any other appropriately authorized federal employee could access.
When you keep talking about, quote, Doge employees, you're just talking about federal workers.
In other words, this is going on and on and on, right?
The left has turned this into, oh my gosh, oh my gosh, they are going to be able to access your social security number and that's going to be awful.
And they're saying, no, actually, that's not what they're doing.
They're not going to go in and.
Look at your bank account and look at your social security number.
And incidentally, just thinking here, do we not give our social security numbers out like every day right, you buy a new car, you get your social security number, you get a new credit card.
Some employee is looking at your social security number.
I mean everyone.
We're like willingly giving access to our social security number, like online, everywhere.
All of a sudden, they're worried that Elon's gonna take your social security number.
I mean, it's just a little little much right, but this is, they're gonna pick away at anything they can and they think that this thing has legs.
In the meantime, Donald Trump's like, you know what?
Exposing Federal Waste and Corruption00:15:25
I'm getting rid of all of it, all the fat, it's gone.
Doge is in there looking for the efficiency operations that they can put in place and we're getting rid of 6 000 IRS employees.
What do you know?
And guess who says it's not enough?
I love this clip.
Kevin O'leary, good guy.
He's on Shark Tank Mr Wonderful, I think they call him and he's like, we need more, we need even more.
And you should see the faces right of the CNN people around the table.
They're like, Who is this guy?
Is he for real?
Yeah, you know what?
Because he's worked as an investor.
He's worked in private equity.
He's run companies.
He gets how it's done, just like the team that's running the show in the White House right now.
I think the issue is they're not whacking enough.
There's this concept in private equity when you get a bankrupt company and you go in there, you cut 20% more than your initial read.
And then you find like a pool of mercury, the organization gels back together again.
Always cut deeper.
Harder when there's fat and waste.
The FAA, it's not the people.
The code is cobalt.
It's from the 60s.
It needs CapEx put into it for the technology to be upgraded to make it safer.
Fat like a chicken.
All of these agencies are like big fat chickens dripping over barbecues of fat.
This is the best barbecue I've ever seen, but I don't think it's happening fast enough.
They're not cutting enough.
Keep slashing, keep hacking while you have a 24 month mandate before the midterms.
Cut, more.
More cutting.
Believe me, it's going to work out just great.
Everybody should be.
Do you want the nuclear codes?
Cut them too?
Cut everything.
Because if you don't see what they're doing and they can't show you that they're adding value, you whack.
Ooh, they don't like that.
They don't like that.
I had this argument once, like years ago, when I was on Bloomberg television, and I remember I had Gene Sperling, who was head of Obama's economic council on at the time, and we got into this full-blown, like, serious kind of fight on the air because I kept saying, but wait a second, why do you need to keep increasing spending with GDP?
Like think about it.
If you're a household and you're lucky enough to get a raise and you get, let's call it a 10% raise, okay, at your job, do you automatically increase your spending in your household by 10%?
No.
You know, ideally, ideally, you never spend the raise.
You try to save the raise, right?
And if you're like us and you're spending more than you make and you got this giant deficit and you're spending all this money on interest, 14% of what you take in is just going to interest on the debt.
I mean, that's about as much as you're putting towards defense.
Then you might want to think about that.
You might want to not spend as much as you make.
And you don't need to.
Just because GDP is growing doesn't mean you have to spend more.
And Elon Musk is laying it out there.
He's like, look, if we don't fix this, guess what, ladies and gentlemen?
We're going to have big problems.
He spoke on Hannity's show the other night with Donald Trump.
This is an important clip.
I really want to emphasize to people that this is a very important point.
If we don't solve the deficit, there won't be money for medical care.
There won't be money for Social Security.
We either solve the deficit or all we'll be doing is paying the debt.
Nobody's going to.
It's got to be solved, or there's no medical care, there's no Social Security, there's no nothing.
It's got to be solved.
It's not optional.
America will go bankrupt if this is not done.
That's why I'm here.
He's not collecting a salary for this, just to point out.
By the way, neither is Donald Trump.
And it's not like Donald Trump was able to walk into a whole bunch of speaking engagements when he left office last time.
No, instead, they were trying to bankrupt him, Leticia James, with her nearly $500 million.
Fine against him.
I mean, crazy stuff, right?
And so they're out there trying to fight the good fight, and they're finding what?
$2.7 trillion going to improper payments for Medicare, Medicaid all over the world.
This is Caroline Levitt the other day.
You may have to turn up the volume a little bit, but it's worth hearing.
Back to Doe just for a second.
Earlier, the subcommittee headed by Chairman Marcia Taylor Greene, her and her staff discovered $2.7 trillion in improper payments.
Medicare, Medicaid, overseas to people who should not have gotten it.
Some of this room might have missed that press conference.
Can you elaborate on what the president is thinking at this point?
Well, again, that's another example.
There's a very long list of the fraud, waste, and abuse that Doge is identifying on a daily basis.
Elon Musk also talked about yesterday about Social Security payments that are going out the door for people who are no longer with us, unfortunately.
I would say that is certainly fraud.
There's also a lot of contracts they've identified that.
Just as a hypothetical example, are a million bucks, but only 500,000 went out the door.
So, where's the rest of that cash?
And so, that's the thing, those are the things that Doge is working on every single day.
And I would just remind everyone accountability, transparency that's what is needed.
That's what you have in a private marketplace.
And guess what?
The board of directors and the CEO they all have a fiduciary duty to their shareholders to actually maximize value.
There's like no duty to anyone there in Washington, D.C., otherwise, you know, other than I guess to maximize.
their own pocket, the value for their own pocket.
And this is what has to fundamentally change.
In other words, you got to get rid of all the junk.
Or as JD said at CPAC today, I want you to hear this.
He said, we got to stop spending money on garbage.
One, we can help reduce inflation by, say, allowing drilling and thereby lowering energy costs here in the U.S.
But the other big thing here that we got to focus on is to stop spending money on garbage.
Listen.
People, the second thing Mercedes is, We have got to stop spending the American people's money on garbage.
Every dollar, every dollar that we take in and spend, you have to pay for, either through taxes or through inflation.
And if we spend the American people's money more wisely, if we stop taxing and spending the American people to death, that's also going to bring relief to all of the pricing pressures that are out there.
We're going to make it affordable to live in this country again.
That's our mandate, that's our goal.
And you're right, there's a lot more that we can do, but I think we've got a pretty good start after 30 days.
Imagine, let's make it affordable to live in America again.
Let's get back to our roots.
I mean, you think about what a great country this has been.
Well, Donald Trump's looking at some of this quote-unquote fraud that's going on.
I mean, they may not even call it fraud.
They're just going to say, you know what?
This is where we choose to spend our money.
$2 million for transgender operations in Guatemala.
Why not?
Tens of thousands of dollars for trans opera in Colombia.
Why not?
DEI musical in Ireland.
Oh, we'll throw a little over here, a little over there.
It adds up, folks.
It adds up.
Where's the money being spent, right?
Let's go into that for just a second.
$520 million for a consultant on the environment.
It's called Environmental, Social, and Governance Investments in Africa and Mobilize Private Sector Resources.
$520 million.
Somebody got $520 million for an environmental study.
Sounds like an environmental study.
I've always been.
I've always been one that paid a lot of money for my environmental studies, but I paid like $50,000, not $520 million, $520 million for ESG.
$25 million.
I mean, it's unbelievable.
He actually went on for about four minutes listing all those, and then he's like, you know what?
I can't even get through them all.
They've got a Doge website now, though, so you can peruse that at your leisure.
This is really gross, you guys.
It's really gross, and it's really unacceptable, and we can change it.
So why not?
This is why he was elected.
And this is why when you look at the approval numbers and you see 70% of Americans are saying he's doing exactly what he promised he would do, they're on board.
They like this.
You know why?
They don't like the fat.
They don't like the inefficiency.
They don't like having to turn over their hard-earned money to Uncle Sam, who then squanders it on ridiculous programs all over the world.
I see in the comments one of you guys mentioning the issue with the migrant hotels in New York City, $200 million going actually. to a company out of Pakistan that was owned by the Pakistan government to house people in the Roosevelt Hotel, a luxury hotel.
It's absolutely bonkers.
Steve Frischman, welcome back.
Melissa, I see this is your very first show that you have been here live for.
So thank you.
We welcome you to the conversation.
Look, they need to save money.
And guess what?
Donald Trump wants the money going back to you.
Imagine, imagine the money should go back to you by way of a doge dividend.
He said this.
It's important to hear it.
Listen.
Sir, Elon Musk is proposing potentially giving money to Americans based on what Doge is finding.
Do you have any thoughts on that?
I love it.
A 20% dividend, so to speak, for the money that we're saving by going after the waste and fraud and abuse and all of the other things that are happening.
I think it's a great idea.
How much money do you think could be?
Could be a lot.
I mean, if it's 20%, it would give back a lot of money to the taxpayer.
And also, it would give an incentive for the taxpayer to go out and report things to us.
where we can save money.
I think people would like that.
Get a 20% dividend.
It would be somewhere around $5,000 and still counting.
Well, most people like that idea.
That is unless you're a Democrat.
Like I said, they can't see the force of the trees here.
They're on all the wrong issues, including trying to fight this one, Jasmine Crockett out of Texas talking to her local news.
She right now has a 53% approval rating.
It's higher than forgive me.
That was her.
on national news, Jasmine Crockett going on to The View to complain about Trump, of course.
And, you know, she found a very delightful, willing audience to hear her.
You know, do you guys wonder about the applause that they have on that thing?
The whole applause where, you know, they just keep cheering Whoopi Goldberg and others on.
I mean, that's kind of wild, don't you think?
That's a little bit weird.
Well, Jasmine Crockett went on, not just The View.
I mean, she's clearly doing the round, shall we say.
But she also went on local news, I guess.
No, oh, forgive me.
This is like ABC News Online.
They're trying to migrate online.
You see, they're trying to stream more because obviously this is where it's at.
This is where it's at.
Jasmine probably wouldn't want to come on this show.
And I wouldn't subject you guys to that.
It's just worth hearing her in little sound bites here and there.
She doesn't like a $5,000 Doge dividend.
Not one bit.
Hear her saying why it's all wrong.
Now, President Trump says he likes the idea of giving some of the savings from Doge back to Americans as kind of a dividend.
Would you support that?
Listen, he's just telling a lie.
He's not the one that had anything to do with the $1,200 refunds that people had during the midst of COVID that was done by a Democratic House and Democratic Senate.
Right now, what they're going to do is say, hey, we want to give you a refund, but Congress won't let us because they already know that there's just no money for that.
The only reason that those refunds came before was because we were living in different times.
This was a time in which hopefully we won't ever go through again.
We had a once in a lifetime pandemic.
The bad part is that I don't know if it's once in a lifetime because we know that Ebola, unfortunately, was detected right here in New York here recently.
And if we continue down this road of getting rid of scientists or deciding that we don't want to rely on experts as it relates to what they're telling us to do, or we don't want to deal with vaccines and medicine in this country, then we may be facing not only our next pandemic, but our next two, three, or four pandemics because of their incompetence.
So, no.
We are not in the business of giving out money.
And honestly, I don't know what $5,000 will do for you.
Really, Jasmine, you don't think that $5,000 might help the average American family?
Wow, I guess Congress is really treating you well there, honey bunny, right?
I mean, maybe you're getting some of that USAID money too.
I mean, she's all over the place.
First of all, the COVID checks, certainly number three, was uncalled for and put us in the inflationary disaster that we are in today because you had the Federal Reserve printing, printing, printing, printing.
Later on in the show, I'm going to be welcoming the CEO of American Heart for Gold.
We're going to talk about that printing press, because that's what's led.
To gold skyrocketing, now reaching somewhere around three thousand dollars an ounce.
So we printed too much money, and then you had Chuck Schumer and Nancy Pelosi out there green lighting trillions of dollars more in spending.
And so what happened?
What do you think happens when that kind of thing goes down?
That's inflation.
And, by the way, it's not coming from real savings, it's not coming from anywhere, it's just coming from a freaking printing press.
What Elon Musk is talking about doing is entirely different.
They're talking about shrinking the size of the federal government.
So that guess what?
You don't have to pay as much in taxes.
And hey, maybe you get a one-time dividend out of things.
But this woman, Jasmine Crockett, is clueless, absolutely clueless.
And you know what?
When Alex Karp, the CEO of Palantir, was on CNBC the other day and said that his party was basically committing suicide.
He's no longer part of the party because they just don't get, they're like wrong on every single issue.
He's a big deal tech CEO.
He was right.
Like they just don't get it.
For example, the trans stuff, kids getting mutilated and they want to stick up for, okay, we're going to have the hospitals and the health care system.
We need to keep pushing money into this so that 12-year-old kids can lose valuable body parts that they kind of need for the rest of their lives.
I'm sorry, and I don't mean to be graphic, but Jasmine is on the wrong side of everything.
And you know who else is on the wrong side of everything?
That would be the ladies on The View.
The View, which frankly, I think it's on its last legs.
I really do.
I think Whoopi's in the middle of contract negotiations.
She's trying to be careful and she's trying to be quiet.
But don't forget, right, what Elon Musk said.
I want to play it.
And then we're going to go back to The View and see what this Jasmine Crockett, the representative out of Texas, who doesn't think you need $5,000 for your family, is trying to say about Donald Trump and why he won.
Because it will scare you.
Anyway, here's Elon.
I really want to emphasize to people that this is a very important point.
If we don't solve the deficit, there won't be money for medical care.
There won't be money for Social Security.
We either solve the deficit or all we'll be doing is paying the debt.
Separation of Powers Violated Again00:15:27
Nobody's ever done that.
So it's got to be solved or there's no medical care, there's no Social Security, there's no nothing.
It's got to be solved.
It's not optional.
America will go bankrupt.
America will go bankrupt, he said.
You know, Americans get that.
They understand that.
They know that their money wasn't going into the right places.
And now it's getting all exposed.
And somehow Jasmine wants you to think that's all fake news.
The ladies on the view nodding in agreement.
This show is bad.
OK, but just quickly, it's worth understanding the other side.
He right now has a 53% approval rating.
It's higher than it's ever been.
70% believe that he's fulfilling his promises.
And 45% believe Democrats should be more moderate.
What do you take away?
I think there's a lot to make of those numbers.
What's your takeaway from that?
My takeaway is just like the election, we've got to do better at education.
People don't understand.
But you will understand when those hospitals in rural America start closing down even more.
You will understand when you don't have your Social Security.
You will understand when your Medicaid, your Medicare goes away.
You will understand as planes continue to fall out of the sky.
Soon you will understand why it's important to maybe have somebody that isn't loud and ridiculous, and maybe Sleepy Joe is what we wanted because we could at least sleep at night.
Yeah.
Whoa.
Whoa, whoa, whoa.
Okay.
So first of all, the planes falling out of the sky.
Interesting how she's trying to pin that on Donald Trump.
No way.
Okay.
It's funny to me because it's like a narrative, a talking point that they're echoing over and over again on the left.
And apparently one of the ladies that got the talking point is Oprah Winfrey's best friend.
That would be one Gail King over on CBS's morning show that nobody watches.
I can say that because I used to work there.
And I called people and say, well, will you come on the show?
And they'd be like, what is it?
I'm like, CBS more in there.
I'm like, it's like the Today show, except it's on CBS.
Anyway, nobody watches it.
It's a terrible show.
The Delta CEO, for some reason, went on there.
Badger Dodge, thank you.
Welcome to the program.
And this is what was said.
Take a listen.
The Trump administration recently fired many employees of the FAA administration.
Do those cuts worry you?
And do you think that impacts the safety?
I know you just said it's the safest way to travel.
But after looking at all these mishaps, a lot of people are very nervous.
Do these cuts affect you?
The cuts do not affect us, Gail.
I've been in close communication with the Secretary of Transportation.
I understand that the cuts at this time are something that are raising questions, but the reality is there's over 50,000 people that work at the FAA, and the cuts, I understand, were 300 people, and they were in non critical safety functions.
The Trump administration has committed to investing deeply in terms of improving. the overall technologies that are used in the air traffic control systems and modernizing disguise.
They've committed to hiring additional controllers and investigators and safety investigators.
So no, I'm not concerned with that at all.
Ed, do you have any?
Yeah, she's having a little tough time with that, right?
Gail wants to blame it all on Trump, just like the ladies on The View with Jasmine Crockett want to blame everything they can on Trump.
And then as for, well, how did he win the election?
And why is it that people are actually thinking highly of him, as you heard the lone conservative, never trumper on that panel on the View say, like, why would people actually approve of him?
Why would he have a 53% approval rating?
Why would he have 70% of America saying, you know what, he's doing what he promised he would do.
And Jasmine's answer is that people are misinformed, that they're not educated enough.
Gosh darn it, I think I've heard that one before.
In fact, Joe Biden's biggest regret about this entire election process was that people were just not well enough informed.
Apparently he should have put a whole lot more money into USAID so that he could influence Politico, New York Times, and a few others a bit more, right?
This is Ayanna Presley.
I showed you guys this one before, but unbelievable to me because she's the congressperson out of Massachusetts, and she thinks that the answer to everything is just censoring.
I mean, they're like in love with what's going on in Germany.
You post a meme and suddenly you got a SWAT team at your door.
Ayanna Presley saying, We just need to censor people.
We'll work with somebody who will censor the American people.
I'm not making this up.
Watch.
Look, let me tell you something.
I'll take a bit of umbrage here.
I'll speak on behalf of my colleagues.
I can say, we are all willing to work with anyone who's serious about doing the work on censoring the American people and advancing progress.
But they are not serious.
It's kind of sick, right?
Like it's sort of sick.
They're saying Donald Trump is succeeding right now because the people are too stupid.
They don't understand real news from fake news.
Actually, I think they understood it really well.
I mean, it turned out that.
That Hunter Biden laptop.
That was all fake news.
When your CIA folks and ex spooks and hacks all came forward 51 of them and said, just so you know, this is Russian misinformation, disinformation.
Well, they were the ones with the Russian, they were the?
U.s misinformation.
Think about what they were doing.
Like there's no faith in our institutions anymore because this top-down power structure thought they could decide it all and if there was any doubt well, they would just make sure that the media did their bidding.
This is David Saxe.
Who's our new Cryptos ARE talking on his podcast all in about how they paid for this Misinformation.
They paid to try and convince you you had to vote for Biden.
Okay, so we knew the US government runs a $2 trillion deficit every year.
We're in debt almost $40 trillion.
And we also knew that anytime anyone tries to cut anything in Washington, the whole city screams bloody murder.
Okay, so the question is just why?
Well, now we know the money is all going to them.
It's like round tripping to them.
New York Times getting paid.
Politico getting paid.
Bill Crystal, perennial warmonger, getting paid.
Ukraine getting paid.
Like 11 out of 12 publications in Ukraine getting paid.
Incredible.
Viktor Orban, who's the prime minister of Hungary, was saying that he's very popular in Hungary.
His political opposition funded by USAID.
In Poland, the left wing political opposition funded by USAID.
And on and on and on it goes.
BBC.
BBC.
You wonder why everyone in the UK is so.
Yeah.
Yeah.
Like everyone.
I couldn't believe the BBC is getting paid.
Every left wing organization in the world seems to be getting paid by this slush fund at USAID, which disburses about $50 billion a year.
That's a billion dollars a week.
That's actually a lot of money.
And so it just makes you wonder the left in general tries to portray itself as a movement of the people, that it's grassroots.
This is the exact opposite.
This is AstroTurf.
This is basically money coming from the top down out of Washington to fund all these groups, maybe not even in the United States, like all over the world.
It makes you wonder what is the real level of local support for these left wing policies all over the world?
There's no support.
There's no support at all.
I mean, maybe among some little fringe, you know, the academic type with their PhDs in transgender study, there's no support for any of this.
It's all coming undone.
Every bit of it, I'm in there slashing, slashing, slashing.
It's pretty darn good.
And you know what, for those that are like, okay, maybe they're going too far, here's a good headline for you.
Take a look at this.
Daily Mail first reported it.
Security fraud expert now leads the agency.
This is amazing.
He was fired, fired because he was working with Doge.
And this security, social security fraud expert is now leading.
He's now in charge of the agency.
I mean, this is incredible, you guys, right?
So he's like, I confess, I helped Doge.
And what happened?
His boss fired him.
And then Donald Trump found out about it.
And he brought him back.
And now he's running the whole thing.
So it shows you, you know what?
If you're on the right page and you want to do the right thing and you want to expose the fraud, then you have a future.
Elon Musk tweeting this story out saying there are good people in government who want to eliminate fraud and waste.
Amazingly, Leland was fired by the Social Security Administration's upper management for trying to help Doge find the taxpayer savings.
I mean, can you believe that?
And thanks to President Trump, he was brought back right away and now he is upper management.
In other words, promote the good players, exit the bad players.
That's what you got to do.
And the left is losing it.
I mean, the libs right now, they're so triggered.
They're so hugely triggered.
You got Kash Patel going into the FBI.
You got Mitch McConnell leaving.
And you got Donald Trump trolling, like epically trolling them.
This is the White House tweet from yesterday saying, congestion pricing is dead.
Manhattan and all of New York is saved.
Long live the king.
And then he's got a little picture that he drew that's supposed to look, I guess, maybe a little like Time magazine.
And there's a crown on his head with long live the king.
So they locked like they're freaking out.
So congestion pricing, if you've been following this, this was the idea that somehow if you're going to be going into midtown Manhattan, you have to pay a surplus.
And there are a lot of people who felt that that would be really, really bad for business.
You get the commerce clause that kind of would govern whether or not you should be charging trucks, et cetera, that are going into lower Manhattan or midtown Manhattan an extra surplus.
And so he's exercising.
His right there in the federal sense to say, hey, you know what?
Commerce clause, I can actually kill this thing.
But then he tweets this out and they just freaking lose it, you guys.
Okay, so this is Kathy Hochul.
She is the governor of New York.
Hear her response.
I knew this was coming.
I saw this and I'm like, oh my gosh, I know he's being funny.
I know he's trolling them.
They're going to lose it.
And they freaking lost it.
President Donald Trump tweeted, Long live the king.
I'm here to say New York hasn't labored under a king in over 250 years.
And we are not.
We sure as hell are not going to start now.
We stood up to a king and we won then.
And we won.
In case you don't know, New Yorkers, we're in a fight.
We do not back down, not now, not ever.
I told you she was triggered, right?
I mean, at least she knows her history.
A little bit.
I mean, I can't say that about everybody on the left right now.
So, yeah, you know, at one point, Revolutionary War, think about it.
But this is in part like you think about what's happening right now.
We actually are trying to get back to our roots.
We're trying to get back to a smaller, downsized government.
And look, when it comes to the federal government, what are they going to have power over?
You can't just have this random taxation going through New York.
I think it gets back to the Commerce Clause.
The Commerce Clause, which actually I just happen to have right here in front of me.
I mean, you think about it, it gives the U.S. Congress the power to regulate commerce with foreign nations and among several states and with Indian tribes.
And this is the Commerce Clause that they use over and over again to help provide the federal government with powers.
And of course, Ms. Holschel there, the governor of New York, well, she's kind of picked the wrong fight, if you would, really and truly the wrong fight.
And so he's going to do what he's going to do on that.
I mean, she just.
She got that one all wrong.
I think they tried to put it in in advance of him coming in in hopes that somehow that would save them.
But I wanted to show you something else.
This is from my shorts feed, guys, because I put this out.
At least she knows her history.
Not all of these libs, of course, do, including this guy.
You know Al Sharpton, right?
He's the one that got $500,000 sent to his charity right before he interviewed Kamala Harris on MSNBC.
Well, he might want to go back and study a little American colonial history.
Now, President Trump says he likes the idea of giving some of the savings from Doge back to Americans as kind of a dividend.
Oopsie daisy, wrong one.
We'll try this again because this is just hysterical.
I have to show you.
By the way, do you hear my voice, which is like sounding a little like Kathleen Turner or something today?
So much for my balance in nature.
I love my balance in nature.
I actually doubled up on it today.
That's how I'm on the air.
But anyway, I told you, I know I was too smug.
I was like, oh, I haven't gotten a cold all year long.
It's been fantastic.
No cold.
Well, sure enough, you know, everyone in my family's had one, sure enough.
You can hear it.
You can hear it today.
One day, our children's children will read American history.
And can you imagine our reading that James Madison or Thomas Jefferson tried to overthrow the government so they could stay in power?
That's what we're looking at.
We're looking at American history.
You can't make it up.
No, you can't.
So, anyway, Kathy's saying, We are not going to be ruled by a king.
She's taking this sort of out of context, Donald Trump having way too much fun with this.
And, you know, I'll tell you, the reality is no matter how much they push back on them, they are so deeply in the wrong.
As a judge just decided the other day, I mean, Leticia, you know Leticia, right?
And don't get me started because we'll wind up spending two hours on it.
And I encourage you to look at all my stuff on Leticia on this channel because I am so disgusted with New York and with her.
For what they did to him, really, really awful stuff.
But here she is trying to capitalize on the moment saying, Elon Musk can't do this.
Elon Musk can't look inside our government coffers and figure out whether this thing is running efficiently or not.
We didn't elect him.
No one elected Elon Musk and his minions, and no one has allowed him to have access to this information.
This is a violation of the separation of powers.
The United States Congress, the United States Senate, has the sole discretion in having the power of the purse and not Elon Musk.
We are here today to seek a preliminary injunction to stand up against those forces who believe that they can unilaterally have.
Power and have control all in the hands of the president of these United States.
Adam Schiff in Trouble00:11:07
Well, the judge didn't really agree with you on that, Leticia.
No no, judge Chunkin who, by the way, is Democrat appointee.
She rejected that call from Democrat AGS for that temporary restraining order.
It would have blocked Dodge's access to federal data.
So New York is is having a hard time, but you know, New Yorkers Like Letitia are out there trying to fight for things that really don't resonate.
I mean, maybe they resonate in Manhattan.
I don't know, but I'm telling you through the rest of the state They got nothing.
Here's the New Yorker magazine This crossed my inbox last night and I had to I had to show you this because they're flipping out because they can't pay for the trans kid operations anymore Because the federal funds are gone.
You see, Donald Trump got rid of those federal funds.
And so this means that hospital systems, quote, that received federal funds immediately began to call off care, even though the order goes against the guidance of long-established medical authorities on treatment protocols for trans kids.
In New York, which was supposed to be a safe haven state, NYU Langone Health and Mount Sinai canceled surgeries.
Mind you, these are surgeries.
On kids that believe they're transgender and they're like 12 years old.
I mean, we don't let kids drink.
We don't let kids smoke.
We don't let kids vape.
Like, why would we allow kids to go and get these operations?
And then why are they flipping out about this?
I mean, of all the things that you guys are going to freak out about, this is where you're heading.
And this is why I'm just saying, like, they have completely lost the story.
I mean, when you have people trying to side with, okay, well, the 12 or 13 year old needs that gentle mutilation.
I mean, it's a mutilation, right?
I mean, that's certainly what it is, if you ask me.
And we've spoken to somebody who will never be able to breastfeed a child because a hospital did this to her and she's now suing.
Anyway, it's a problem.
I'm telling you, and this is where Letitia's heading.
Regardless of the availability of federal funding, we write to further remind you of your obligation to comply with New York state law.
So it sounds like she's picking and choosing which federal laws to comply with here.
What do you think about this, Riley?
Yeah, I think your analysis is correct.
When you have.
An attorney general tells her entire state to not comply with federal law, she is no longer acting as an attorney general.
Let's call it what it is.
She is an activist at that point, which I don't think this comes as a surprise, considering how she treated President Trump and other issues, of course, over her tenure.
But this just shows me that November 5th taught the Democratic Party nothing.
The majority of Americans wholeheartedly do not support the gender transitioning of minors.
That was made very, very clear at the ballot box.
So to continue on with this messaging, to continue to To quite honestly, in this case, violate federal law, I believe it shows either their ignorance, maybe their apathy, maybe fighting for a system that rewards those who move to tear it down.
I'm not sure exactly what it is, but it's clear nonetheless that November 5th taught the Democratic Party nothing.
So they just can't seem to learn.
But that's fine, because you know what that means, guys?
We'll stay in power for a lot of years.
We're going to continue to stay in power.
We've got to get to Kash Patel, because this is amazing.
And I'm telling you, the media is freaking out.
And Adam Schiff is freaking out.
But again, if you can hear it in my voice, like I had to come on today because it was just such an important day.
And I do still take my balance in nature.
But I knew I was like, I was pushing my luck.
I think I just told you the other day that I hadn't been sick at all this year.
And I always get sick and I always get sick.
My kids are always sick.
Well, sure enough, I got a little bit sick.
So, you know, as long as you're okay with the throaty, the throaty sounding Trish Regan, we'll make do with it.
But balance in nature is still what I take.
And I did double up on it today in hopes that it might, might. help a little bit.
It's my fruits and veggies that I take and they're a sponsor of this show and we love them for that.
You can get 35% off with Balance in Nature right now.
If you go to balanceinnature.com, you use my code word Trish, my name T-R-I-S-H.
And by the way, you can call them at 1-800-246-8-751.
1-800-246-8-751.
Balance of Nature.
Listen, it's done me really well so far and I doubled up today.
Look, I'm watching all of this freaking out and I'm just like, gosh, guys, your level of hysteria is in part what has led to all of this.
The mainstream media, Democrats, they cannot believe that Kash Patel is now head of the FBI.
I mean, Donald Trump's getting everyone, right?
He got Pam Bondi.
He got Kash Patel.
He got literally everyone.
I mean, the only one he didn't get was Matt Gaetz.
But CNN's losing it, okay?
They are so upset.
Adam Schiff is freaking out in real time.
What's going to happen?
He can't do the job.
He won't protect the public.
He will misuse the resources of the Bureau.
He will weaponize it against the president's political opponents rather than protecting the safety, the public safety of the American people.
I'm sorry, isn't that what you did?
I mean, really, until I think it's what you did.
Go check out 76 Research.
Use code word dollar.
Kay Nelson Jr., thank you.
It's good to have so many people here on the show today.
My gift to you, code word $$76Research, my financial research company.
But I got to show you more of what he is freaking out about because it's just so unnecessary.
And when we go back in time, what do we find?
We find that Adam Schiff was leading the charge in all of this misinformation, disinformation, and all of this lawfare in a really scary way.
More Adam and more cash here.
This was just created by someone online.
I want to show you this little clip.
This is someone we cannot trust.
This is someone who lacks the character to do this job, someone who lacks the integrity to do this job.
We know that.
Our Republican colleagues know that.
The only qualification Kash Patel has to be FBI director is that when everyone else in the first Trump administration said, no, I won't do that, that crosses moral, ethical, and legal lines, Kash Patel said, sign me up.
In the first Trump administration, as we are seeing in the second, you rise.
To the level of your sycophancy, and no one is a bigger or more dangerous sycophant than Kash Patel.
This political hack does not deserve to be in this building.
He can't do the job.
He won't protect the public.
He will misuse the resources of the Bureau.
He will weaponize it against the president's political opponents rather than protecting the safety, the public safety of the American people.
Adam Schiff is the worst criminal in Congress in the last 250 years.
And what broke that we're going to talk about right now is Adam Schiff.
Met with a whistleblower.
Adam Schiff went to the podium day after day after day saying, I know nothing about this.
We're not going to discuss it.
We're going to protect it.
And then he, Adam Schiff, led the prosecution of the impeachment trial in the Senate of President Donald Trump.
Talk about someone who was conflicted out of the game because he was part of the hoax that brought Charmella in, manufactured that false accusation, and then peddled it out to the world.
And he continued, you know, not surprising, he's lied about almost everything in his life.
But now he lied just to set up a presidential impeachment.
And that's what I was talking about, these disinformation campaigns.
And then he should be investigated because he lied to the world about his interactions with Charmella, who is a whistleblower, and I can't stress it enough, that started a presidential impeachment.
Now, your history is way better than mine, but I can't remember the last time a president was actually impeached.
It's a significant process and escalation, and it's reserved for the time when it actually shows a crime, not when it shows the manufacture of fake information to show a fake crime.
The guy that found and manufactured the evidence with Charmella was the prosecutor in the case against the target of the investigation.
That is the ultimate, from a prosecutorial standpoint, conflict of interest.
But he knew what he was doing, and he thought he would never get exposed.
And I think, thanks to, you know, I think it was John Solomon and his fantastic reporting, we now see what I've been saying for years that I thought he met with him for sure, and it will come out, and it now has.
I'm going to go out on a limb and say that Adam Schiff might be in a little bit of trouble, just a little bit.
You're going to have to clean all this up.
And you got crooks in there that are doing really funky stuff just to keep themselves and their team in power.
That has to end.
Because it works both ways, okay?
What you need is a clean system.
And Cash is totally dedicated to making sure that we have that clean system.
And by the way, qualified to do it.
I mean, they're going back on seeing, oh, he's not qualified.
He's not qualified.
Give me a break.
The guy's completely qualified.
Frank, I'd like to start with you.
How significant of a change does Kash Patel represent?
For the FBI.
It's a radical change.
It really is.
I mean, I served under four directors in 27 years in the FBI, and no one came in with these few qualifications, with this guy's background, with the conspiracy theory angles, with just all of the things that he has said on podcasts and written in his book.
It's just, it makes you wonder where the Bureau is going to be heading next.
It's just, I don't know, befuddling to me.
Okay, guys, what has gone down for the last eight years?
I mean, think about Russia, Russia, Russia.
Think about getting the FISA warrant under false pretense.
Everything that they've done, impeaching a president, I mean, it's all been because of a team of people effectively mobilizing the system against someone.
And that's what Letitia James did.
That's what Fannie Willis did.
That's what Jack Smith was trying to do.
That's what Alvin Bragg did.
I mean, that has to stop.
And, you know, in terms of the conspiracy theories, gosh darn it, he's turned out to be right.
The Republican Party Coalesces Around Trump00:03:58
Okay?
Like, the laptop from hell, that was not misinformation fed to you courtesy of Rudy Giuliani.
That was actually Hunter Biden's laptop, and it had been investigated since 2019.
It turns out when this whole team was trying to tell us, oh, no, there was no way that COVID could have possibly come from Wuhan, China and that lab in Wuhan, China.
No, no, no.
Well, what do you know?
Sure enough, it did.
We can go on and list them all these quote unquote conspiracies that actually Cash was right on and Trump was right on.
And yet they're going to completely lose it because you know what?
They are losing power and it's going to get exposed.
All of this, all their frivolous, ridiculous spending is being exposed, and their corruption is being exposed, and they don't like it.
But I do, and I imagine you do too.
McConnell's out.
Bye bye bye.
This is the end of it.
He gave a swung song today on his birthday.
Seven times, my fellow Kentuckians have sent me to the Senate.
Every day in between, I've been humbled by the trust they place in me to do their business right here.
Representing our Commonwealth has been the honor of a lifetime.
I will not seek this honor an eighth time.
Hmm.
It's over.
He did it seven times.
He's not seeking the honor an eighth time, so he's going to close out his term.
I mean, this is definitely Donald Trump's Republican Party.
But I would say, you know, McConnell, I know he's at odds with him on over everything, but this is a gentleman who needed to step down.
If for nothing else in this horrific, this is so sad.
I watched this the other day.
I mean, he fell like 10 days ago.
And I'm like, why are you there?
I mean, why are you still doing the job?
It was frightening.
Frightening to see that.
And that's not the only time.
I mean, that's just the most recent.
He's had a lot of trouble.
So, you know, these moments where he was just staring straight into space and not answering questions and they had to escort him off.
I mean, he's in very, very tough shape.
But it does show you, right, the power of Donald Trump over the Republican Party.
I saw that Susan Collins, the senator from Maine, voted against Kash Patel today.
I wonder how long she is, in all seriousness, for the Republican Party.
In light of sort of the pressure, if you would, what we're seeing, I mean, again, you can just go through the list and you think about all the people.
That were part of the system and now they are gone, whether it be McConnell, obviously that coming today, whether it be McCarthy, Liz Cheney, Kinzinger, Romney, Pence.
Oh, Pence, who's flipping out about Ukraine, of course, because remember when he told Tucker that he only cared about Ukraine, that it wasn't his problem, that things were sort of bad here at home?
He was just focusing.
I mean, that was like unbelievable.
That was such an epic moment, of course.
But what you've seen is that the party has coalesced.
around Donald Trump in a massive way that really I think is important at this moment in time.
I'm all for diversity of opinion, but when you're up against the Democrat machine right now, you want to be a well-oiled machine yourself and you want everybody on the same page.
Gold as the Ultimate Hedge00:11:45
And so it's important to sort of everybody be with it and be focused on achieving these goals because, hey, for the first time they're achievable.
Think of that.
I mean, we can like completely reorient how we think about taxes.
with the IRS turning into the EXS.
We can think about innovative ways to actually improve our government.
We can use technology.
AI is amazing.
Can you put some of that technology into the government itself to streamline it and make it better?
Why not?
I mean, again, did you think you'd ever see this in your lifetime?
Somebody actually comes into office doing exactly what they promised they would do.
Donald Trump saying, you know what?
We got to make sure we get the gold that we think we have.
We've got a whole bunch of gold that's sitting there in Fort Knox.
And I want this stuff audited.
Here he is, cut off camera there on Air Force One.
Listen.
To Fort Knox to make sure the gold is there.
You know that we're going to go into Fort Knox.
Do you know about that?
It was a bad bump.
Are they going to.
All the way up to the Secretary of Treasury.
He's going in to Fort Knox.
He's going into Fort Knox.
He's going to make sure it's all there.
This is something that Doge has talked about, of course.
And you know who's talked about it forever?
Rand Paul.
Rand Paul has wanted to get in there and see that gold for himself.
Let me show you.
All the way up to the Secretary of Treasury.
And then the Secretary of Treasury said, Well, I want to go down there too.
And then he said, I want to go down there when there are the eclipses coming through in Kentucky too, so I can see the eclipse and the gold at the same time.
But they came when I wasn't there.
So I tried for 10 years.
I set up the appointment.
And then because they wanted to see the eclipse, they changed the appointment.
I didn't get to go down.
Okay, well, this time he's getting to go down and he's going to be there as they audit all this.
Elon Musk saying, Hey, we need to know.
We need to make sure that we have the gold we think we have.
Tweeting this one out.
The other day and it's gone joking around about looking for the gold at Fort Knox here with me today.
I'm so happy because this is the perfect day to talk to you, Max Max Baker, who runs American Hartford GOLD.
You guys know American Hartford GOLD.
I talk about them all the time.
I talk about you guys all the time on the show and we are thankful for your sponsorship Max, I mean, i'm watching gold.
It's nearly three thousand dollars an ounce.
My gosh, I nearly fell off my chair.
I knew it was going higher, but wow, I mean this is quite a an uptick, shall we say, in gold prices.
Good to see you.
Yeah, good to see you.
Thanks for having me on.
And yeah, if you look at what they say is in Fort Knox, they say there's 147 million ounces of gold in there.
And at today's market value, that'd be $441 billion worth of gold.
So we better make sure it's there.
Yeah, no, we better.
I guess if you have it yourself, right, you always know it's there.
You can check it, you can put it in a safe deposit box, you can store it.
I know you guys do storage too.
Some people, they actually store it in their home, which, you know, it might be a little bit risky, but there's different ways to do it.
I mean, how do you guys audit?
And how do customers audit?
I'm just curious in light of what we're talking about.
Sure.
As you said, there are folks that store it in their home and they're in charge of their own audits.
And then we have folks that store it at third party vaults.
And it's a pretty rigorous process within those vaults.
It's done under camera and it's done regularly.
And the reason for that is these vaults are heavily insured and the insurance companies won't back it or insure it unless there's proof that that gold is actually in their lockers.
Max, I told you, I nearly fell off my chair.
Again, I've been bullish on gold.
forever and I own it personally and I think it's just a smart way to diversify assets, etc.
But we're nearly at $3,000 an ounce and I actually suspect it's going higher.
I have various reasons for that, which I sometimes articulate to viewers.
But what is your sense of what's driving this right now?
Is this central bank activity?
Is this fear of tariffs and what that might mean for inflation?
I mean, why are we seeing so much upside all of a sudden in gold?
There's a lot of drivers for it.
You know, tariffs are one of the reasons.
There's a lot of uncertainty over what's going to happen with that.
You've got because it would lead to inflation, theoretically.
It would lead to inflation.
And then you've got all the vaults over in London that are trying to move their gold over to New York or over to the US to avoid some of those tariffs.
And so just that movement in the gold market alone has people buying it up.
And then you've got all these central banks around the world that are buying up gold and they're staying away from bonds.
They realize those bonds have counterparty risk.
They're associated with debt, obviously, and debt with countries that already have a ton of debt stacked up.
So they want something that doesn't have counterparty risk that they can store in their vault.
And so gold has been the best play for all these central banks, and it's being bought at the fastest clip in history.
So there's a lot of that.
Why do you think that is?
I mean, historically, right, people would just buy U.S. Treasury bonds, and that was good as gold.
And we've seen in recent years, I think.
you know, really over the last decade that a lot of emerging market countries are trying to find a new solution to say the treasury.
Walk me through that.
Yeah.
I mean, since COVID, the world has just been printing money like crazy.
And that's not just the US, that's every government out there.
And globally, we're $330 trillion in debt.
So some of these governments, central banks, some of these governments are looking around and saying, do we really want to take on more bonds, which is just a fancy word for debt?
Or do we want to actually have something that has value and we know is going to have value for the next thousands of years?
And so, Bonds and debt aren't as appealing as physical gold are right now.
And that's just because of the debt situation that everyone's in and all the money printing, the fiat currency, the basement we've done over the past, you know, five, six years.
Yeah.
Hold that thought.
I just want to get a quick mention in for you guys because, you know, we're talking with Max Baker and he runs American Heart for Gold, one of our great sponsors here on the show.
You know, you can get up to $15,000, by the way, in free silver.
We'll ask Max about silver.
If you text my name, Trish, to 65532 today, 65532.
You can call them at 1-844-495-1115.
Again, it's 1-844-495-1115.
Up to $15,000 in free silver.
I should point out silver has been on a tear as well.
So this is a good one to actually have exposure to.
But I want to go back to Max because, again, as we're looking at all this tremendous upside, the question is, you know, is there still time to get in on it?
And I think it's a fair question.
I would argue, yes, you know, you've heard me say that before, but we got Max.
So we're going to ask you, is there still time for people that are, you know, contemplating?
Thinking about this, what's your take?
If you look at all the major projections from these investment banks, they're saying gold is going to go significantly higher.
And again, it just has to do with money printing.
And I tell people all the time if you think they're going to stop printing money, then don't buy gold.
If you think they're going to continue printing money and the government's going to continue printing like crazy, then buy gold.
And that's, again, not just our government, that's just about every government around the world right now is forced to print their way out of their debt situation.
And so gold's going to continue to shine and do very, very well.
As you touched on with silver, gold's at its all time high.
I think it'll go to 4,000 in the next couple of years.
I think the price target for this year is 3,300 to 3,400.
But silver is still about 50% off of its all time high.
And that's typically a little slower to react than gold is.
I think silver's a tremendous value right now.
It is up 42% in the past 12 months, and it's got a lot of room to run.
So I think the value play right now is silver.
But certainly gold has a lot of room to run as well as long as they're going to continue to run these deficits.
Okay, back to gold.
So you're citing just the concern about inflation.
Let me take it a step further and talk about sort of the international geopolitical dynamic that's going on because I just wonder if some of these emerging market countries are searching for ways to diversify themselves away from the U.S.
And so, you know, as much as we want to be the hegemonic power in the world and this, that, and the other, I think the reality has crept in that.
you know, as you look at what's going on, say, with China and tariffs, and you look at what's going on with the U.S. and Ukraine.
I mean, if you're smart, and I'm not really talking my book as an American because I want everybody buying U.S. treasuries, of course, but if you're smart as an emerging market nation, you might say, hey, you know, maybe I need a little gold in my central bank.
Well, I'm glad you mentioned that one of the big catalysts for gold's current rally was the Ukraine Russia war kicking off and all the sanctions being put on Russia.
From there, it just kind of got every country in the world thinking, you know, what's the one asset?
I can diversify into that the United States doesn't have control over.
And that one asset is physical gold.
And so, given you have these countries that maybe think we're not going to have any issues with the U.S. or any other country, but we see how some of these sanctions can really disrupt an economy or a country the way it did with Russia.
And some of these countries, like, why buy treasuries when I can buy physical gold?
And so, you're seeing central banks load up on it for that very reason they don't want to be beholden or controlled by any other nation.
Let me ask you something which I don't think is a fair comparison, but it comes up a lot because a lot of people are chasing Bitcoin with this idea that it's going to protect them in different ways, much like gold.
And I say over and over again, because by the way, I like both and I invest in both personally as well as other cryptos, but I see them as vastly different products.
And I look at gold as the kind of thing that I really want if things are going to get super dicey.
I do not look at my cryptos as anything that I want if things are getting dicey.
In fact, I think of it more as a tech play.
How do you think about the difference of the two things?
I tell people, you know, you really shouldn't.
If you have money for Vegas, that's when you invest in things like cryptos.
Gold is the money that you'd otherwise be putting under the mattress.
I think you're spot on there.
Look, I understand Bitcoin being the quote unquote digital gold.
But at the end of the day, it really isn't because there's a lot of counterparty risk associated with Bitcoin.
There's a lot of factors that have to go into place to make sure that it has something of value.
Gold has value in the palm of my hand anywhere I go in the world.
The Bitcoin, when we talk about counterparty risk, you had to hope that there's electricity.
You had to hope that you can get into your wallet.
You had to hope that someone is there to buy that Bitcoin from you.
You had to hope there's another marketplace for it.
There's a lot of factors that go into making sure that that Bitcoin has value.
There aren't any factors in making sure gold has value.
It's had value for thousands of years.
So, in that sense, I understand the digital gold philosophy behind it.
It really isn't digital gold.
The gold is the only thing on earth, the only asset on earth without counterparty risk.
And, you know, when you're moving into an asset or looking for a gold asset like that or a hedge or an insurance policy, gold is the only thing that really fits the bill for that.
Buying Freedom of Expression00:03:35
Yeah, no, it's completely fair to say, important to say.
And then before I let you go, I mean, any sense of what they're going to find in Fort Knox?
I hope it's all there.
It's a great question.
The fact that it hasn't been audited since 1974, it's anyone's guess.
You know, if I was a betting man, I would say that there's going to be some gold there, but not what they claim to have.
Yeah, I got you.
All right, Max Baker, thank you so much.
Again, everybody, just a reminder, you can invest in gold right through these guys.
You met Max, wonderful team over there at American Heart for Gold.
Text my name, Trish, to 65532, because guess what?
You're going to get access to that special offer with qualifying offers up to $15,000 worth of free silver.
You can call them at 1-844-495-1115.
Great, great team.
Really knowledgeable.
They'll walk you through everything.
We love them because they help bring this show to you every day for free.
Again, American Heart for Gold.
Oh, how could I forget?
Trishlovesgold.com.
Trishlovesgold.com.
It kind of has a nice ring to it, right?
All right.
Meanwhile, we've got some breaking news I want to get to out of CPAC because Elon Musk just took to the stage and Elon is telling everyone exactly why he went and bought.
Twitter and exactly why he turned it into X. Let's listen in.
But then you learn that there's hundreds of billions of dollars going to these so called NGOs.
And it's your tax dollars that are funding things that are fundamentally anti American.
And they're propping up their narrative.
A lot of that government money has been propping up a left that I don't think is as strong as they made it seem.
In fact, a massive amount of your tax dollars is going to legacy media companies directly from the government.
The government wants to take over media.
Yeah, it's terrible.
Yeah, that's why we have X.
Yeah, and that's.
That's why you spent $44 billion.
I mean, that's a lot of money.
I mean.
More than it was probably worth.
But there was a message.
Freedom is priceless.
Priceless, yeah.
Yeah.
Probably one of the most important investments this country's ever seen.
If you've got to protect the First Amendment, it's not much more important than that.
Yeah, I mean, I got a lot of criticism, and Pew said, well, that privacy is a huge.
Idiot from a, you know, like, look, you know, you bought it for whatever, $44 billion, and now it's worth like eight cents.
It's not worth eight cents.
But, you know, there's the, but, but the, yeah, it was essentially to, you know, buy freedom of expression.
Expression.
And yeah.
Once that's gone, it's all over.
It's all over.
Yeah.
It's into tyrannies really quick after that.
Yeah.
I mean, like, you know, all the sort of federal money going to media companies is what helps explain why the legacy media all says the same thing at the same time.
Yeah.
Like, isn't it like, it's like weird.
Like, you put them up, but it's like, you know, like when they're.
They're mouthpieces for.
For the state.
For the state.
Yes.
And that's what we've come to know.
Yeah.
Scary.
And I like that meme where they're, because they're always saying like threat to our democracy, threat to our, but if you just replaced democracy with bureaucracy, it makes a lot of sense.
Makes perfect sense.
Big threat to the bureaucracy.
That's exactly right.
Let's talk about.
Investing in the MAGA Movement00:03:20
Amazing, right?
And like he's right.
He's totally right.
I mean, we found out AP was taking somewhere around $52 billion.
We learned that Politico was actually getting somewhere around $8.2 million for its Politico subscriptions.
Uh-huh.
You know, the $10,000 a pop for these subscriptions.
I mean, that was absolutely crazy.
I'll give you a subscription.
It's not going to cost you $10,000.
And that's from my own financial research at 76 Research.
Use code word DOLLAR, D-O-L-L-A-R, and get access to the 76 report with that.
We have model portfolios there as well, 10 to 15 stocks in each one.
And listen, this is doing well.
I mean, I think this is a huge opportunity for people to be investing in America, investing in this MAGA movement, and investing, of course, thereby in yourself.
So really important to take a look at that.
But they had Politico subscriptions at 10K a pop that the government was buying.
And interestingly enough, when did you see the big surge in that?
2024.
And you had the New York Times taking in somewhere around 50 million bucks.
I mean, this is bonkers.
So Elon's right.
Elon totally, totally, totally is right.
And now he's coming in and he's like, you know, I mean business.
I'm going to take, you know, a look at this system with my team of engineers.
Apparently they're up to 100 right now.
And we're going to actually cut expenses.
And, you know, this happened, good case study for you down in Argentina when Javier Millay came in, you know, with his chainsaw and he just said, boom, And you know what?
Argentina is like stabilized now.
Nobody thought this could happen.
Let me play this clip for you.
We've got one more surprise in case this wasn't enough.
I'm going to let Elon do it.
Who else is here?
Well, President Malay has a gift for me.
Javier Malay from Argentina.
You guys know who that is, right?
Why don't we bring him out?
Yeah.
All right, let's bring him out.
Let's bring him out.
There's Javier right on set.
And look at what the gift is.
Boom.
A chainsaw.
A chainsaw.
That's the gift Javier Millay is giving Elon Musk because we are taking a chainsaw, if you would, to the federal budget.
And it's flipping people out.
I mean, we're talking about possibly getting rid of the IRS.
I mean, these are things that were never on the table.
I mean, people talked about it.
Maybe we need a flat tax.
Maybe we need this.
Maybe we need that.
They're actually doing this stuff.
It's sort of amazing.
Okay.
It's actually really amazing.
And we're here watching all of it together.
So do me a favor.
Subscribe to the show if you haven't.
Make sure you share the show and let everybody know that we're here because this is all word of mouth.
And we've been growing, growing, growing.
And it's all thanks to you.
I will be back here tomorrow, voice and all.
We'll get through it together.
This is amazing, you guys.
There's a lot to celebrate.
Please do me the favor of subscribing and hitting the bell.