Donald Trump pivots to Middle Eastern allies like the UAE and Qatar amid alleged European base denials in Italy and Sicily, while Ilhan Omar faces scrutiny over her net worth and Rose Lake Capital's ties. The episode details the intercepted cargo ship Tosca carrying ballistic chemicals from China to Iran, framing it as destabilizing influence. Dr. Kirk Elliott discusses BRICS de-dollarization efforts and recommends gold as a hedge against inflation, referencing the 1944 Bretton Woods agreement. Market volatility in oil is dismissed as panic, with Buckley Carlson's departure from the White House PR team highlighting internal tensions regarding Trump's leadership. Ultimately, the narrative suggests tangible assets and shifting geopolitical alliances are essential for stability amidst currency collapse fears. [Automatically generated summary]
Transcriber: CohereLabs/cohere-transcribe-03-2026, Qwen/Qwen3-ForcedAligner-0.6B, sat-12l-sm, and large-v3-turbo
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Europe's New Direction00:10:33
This is a pretty big moment.
And I don't think anyone in the mainstream media, or in Europe for that matter, is fully grasping the severity and significance of what is going down right now.
The President of the United States of America just openly called out NATO and praised a whole other group of possible alliances.
This is a big deal earlier on CNBC today.
I want to play you the soundbite.
Or we can maybe count on more than allies in other parts of the world.
They're much better allies than NATO, that I can tell you.
The UAE.
The UAE.
They're much better allies than NATO, that I can tell you.
You heard that.
And then he sent this tweet out after, in which it reminisces about leaving Switzerland.
Goodbye, Switzerland.
The anchor writes Joe Kernan, it was a great trip.
Okay, this is a big deal, guys, all right?
This is a very, very big deal.
And again, I don't think anybody's quite picking up on this right now.
Why is it a big deal?
It's signifying a significant potential shift in power away from our traditional allies in Europe and to a possible alliance in the Middle East.
Because think about what's just happened.
I mean, Europe has been giving us the middle finger.
In fact, just last weekend, just a couple days ago, because it's only Tuesday, they hosted.
A big progressive alliance gathering when they invited Timmy Walsh from Minnesota to show up and slam the president right on an international stage.
So Europe does not have our back.
They're making that clear over and over and over and over again, all while Kuwait is stepping up and you're seeing the UAE step up.
So it's like, whoa, what has just happened?
And this is huge because it could be a groundswell in shift in sentiment away from.
China, away from Russia, away from Iran, and right towards home, the good old US of A, cementing our power as the hegemonic influence in the world.
Think about what the UAE just asked for.
The UAE asked the president and Scott Bassett, our Treasury Secretary, for a credit line, basically a credit swap line, right?
So they're coming to the US and they're saying, hey, hey, hey, we need some help.
We're worried about how this is all going down.
Could you help us out?
And what's significant about this?
I mean, really, really, really significant about this, guys, is that they came to us and not China.
Okay, so I know that there are those of you out there, oh, we don't want to help them.
But by the way, we make money on these things because of the spread.
We made money on Argentina when we lent to them.
And actually, we do kind of want to help them because it means we're cementing our position as mom and dad in the world, okay?
And we got the spoiled little brats over in Europe that don't want to show up for Sunday dinner and want to basically live off.
Live off the dole, mom and dad, the whole time, get their weekly allowance and never do anything to earn it.
While we now have, say, the UAE out there and Kuwait say, okay, well, we'll step up.
Even Qatar, you know, which thought it could stay clean and stay out of it all, is realizing the handwriting's on the wall.
The world is going in a whole new direction.
And we're either there and we're part of it or we're going to be left behind.
And that's what Europe is going to be dealing with, possibly for generations to come, being left behind.
So, You know, maybe that they'll stay in this middle ground of being sort of in no man's land.
But I think we've learned where our bread is buttered, and it's not in Spain, Germany, the UK, France, or Italy, for that matter.
So there you have it.
Welcome to the program, everyone.
That is where we begin at this hour.
I encourage you to make sure that you, if you haven't subscribed, to make sure that you subscribe.
We've got a big, big story going down right now.
Donald Trump, the president of the United States.
Of America is calling out the Europeans and praising the Middle East on national television.
On another one of my former employers here again, watch CNBC.
Or, uh, we can maybe count on more than allies in other parts of the world, but they're much better allies than NATO.
That I can tell you.
The UAE, the Middle East, much better allies than NATO.
And then Donald Trump followed it up a couple hours later by sending out this on Truth Social.
What he sent was a picture that Joe Kernan had sent a while back, like a way while back, back in January, January 23rd.
Joe, who was the anchor he was talking to, smart guy on CNBC, sent this one out.
Hey, you know, goodbye, Switzerland.
This is after leaving Davos, the World Economic Forum.
And so Donald Trump digs this up.
Okay, digs this up.
I'm getting excited.
I'm like right on top of my microphone.
I apologize for our audio listeners.
Maybe bopping your eardarms.
But he tweets this out, saying, or truce it out, just with nothing.
Okay, just nothing.
And so this is my highlighting activity here.
I highlighted goodbye, Switzerland.
Great trip.
W E B E F. You know, it's been nice.
World Economic Forum.
Great trip.
See ya.
See ya.
So again, this is adding all of this pressure.
And it's significant because this actually could set the stage.
For the next 50 years.
Think about it.
And I get it.
Like, there's all the people out there who say, ah, you know, the US doesn't need to be the hegemonic power of the world, blah, Well, that's because I think China's been getting to them.
Okay.
I really do.
I think China's been getting to them.
You know, there's a lot of advantages that come with being the hegemonic power of the world, including, yeah, cheap money, cheap money, which can fuel all kinds of innovation and investments.
So don't look a gift horse in the mouth.
Okay.
It's been kind of nice being the hegemonic power of the world.
Of course, it means a certain amount of responsibility, et cetera.
And so you get to think through how you use that responsibility.
And how you allocate resources.
And frankly, we haven't been doing a very good job of it.
Now, have we?
We haven't because we've been spending, spending, spending on allies that really don't care about us at all.
I mean, hey, when we need Spain, where are they?
When we need Italy, where are they?
They're nowhere.
I mean, they're really nowhere.
They're like, don't even come here.
Don't even think about it.
In France, you can't even fly over our skies.
So I'll tell you, these are not the kinds of peeps that we want to be spending lots of money on as we go into the future, because these may be peeps that have been infiltrated by just saying the influence operations out of China.
Maybe that's why they have so many migrants coming and the green energy nonsense that really doesn't make any economic sense.
And it's been going on and on and on, right?
Well, maybe there's a method to that madness there.
Just think about it for a second.
Because if you're China and you want to destabilize other countries and destabilize the hegemonic power of the US of A and have more currencies out there with dominance, you'd promote the euro, right?
The euro, which is, in my estimation, probably still going to be a very failed experiment because it's just a little too difficult to get that many different countries together, all of whom speak different languages and very different economic values and different cultures, and bring them all together without having some kind of Alexander Hamilton in the room to create a United States of Europe.
So, why did that happen?
Did China have a role in that?
I'm just asking these questions right now as you think about what's going on because we're about to see a very different world, a world where the US actually has way more power, right?
And the King Dollar is living on like you wouldn't believe it.
You know how you know it's living on?
King Dollar is alive and well.
Just take a look at who the UAE is going to, all right?
They need money, they're not going to China.
Like, that's where you would have thought they would have gone, right?
Because we would see the Middle East more aligned with China.
You know, it was Russia, Iran, Middle East in general, kind of all seemingly with Chinese influence.
No, no, no.
They're coming right here to mom and dad to Uncle Sam.
They are warning that it could get really bad.
And they want to make sure that when push comes to shove, if they need some kind of support, right?
Like, credit lifeline, think about it like, you know, the Federal Reserve saying, hey, we'll backstop all the banks.
This is basically us saying, Yeah, maybe.
I mean, we haven't made the full decision on it yet, but we'll backstop you.
So they're coming to us.
They're not going to China.
This is a vindication, a huge win for the United States and the dollar.
And I know you're like, okay, well, we don't want to give them anything, and they're wealthy enough, and they are.
But the point is a country that is super wealthy, that can stand on its own two feet, is making a choice.
And they're making the choice to come right inside the fold and come back home to mama and daddy right here, the US of A.
So, China, take that.
I mean, this is bad news for China.
China, which is trying to basically make sure that they have a lot of different players out there.
Diversification strategy, I don't know, but they want them all to go the Wuhan, the Renminbi.
That's where they want them to head.
And instead, they're coming to the dollar.
I mean, when push comes to shove, what do you want?
You want dollars, okay?
There's also a report today, and this is important, guys, that Russia is actually considering coming back into the fold as well.
There is a leaked, unconfirmed, I want to stress that it's been unconfirmed, although Reuters has done some reporting on it and Bloomberg has done some reporting on it, an unconfirmed memo because the Kremlin is denying this, but it says that Russia is considering a plan as well to.
In the event of sanctions fully going away, because as long as they're sanctioned, they can't be trading in dollars, but they want to come back into the fold and to be using and transacting in dollars.
So, this whole move in Iran is about not just oil, but about global dominance for the future.
The Global Dominance Shift00:04:56
And that's what Europe doesn't understand, because if they understood it, they would be there front and center for Sunday dinner.
They would be there, sitting up straight in the chair, Mom, Dad, what can I do to help?
Right?
And instead, the ungrateful little brats that they are are saying, you know what, you can't use our airspace.
You can't use your own bases that you've built.
Now the president is saying, well, okay, fine.
We'll pull 13,000 troops out of Italy then.
Thank you very much.
We spent a lot of money there in Italy.
We've got a big base in Sicilia, Sicily, NSA website map of Sigonella.
Sigonella is the name of the base.
They actually have a number of bases in Italy, and it's actually a stronghold for us.
And you would have thought that given the Strength, shall I say, of the relationship that we seemed to have had with Georgia Maloney, that we would have had no problem stopping there.
But she said, no, no, no, I need parliamentary approval.
And she basically kind of said, you're on your own, all right?
Just like the rest of them, just like France, just like Spain.
And it's like, okay, well, if we're on our own, then guess what?
You're going to be on your own, too.
I mean, the relationship with Italy, and we've been reporting on this for the last several days, is clearly fractured.
So much so that I think the New York Sun ran the headline about the breakup between Trump and Maloney.
And then you see in the Wall Street Journal, Trump turns against Italy's Georgia Maloney, broadening his clash with Europe.
But again, she denied access there in March of just last month, a couple of weeks ago, when we needed to access that base for refueling efforts before going on to the Middle East.
And she said, no way.
So Trump's saying, okay, well, no way.
Jose, it's done.
Like, we don't need to give you all this money.
What are we doing?
I mean, really, think about Spain, all the money we're spending there, hundreds of millions of dollars.
He did say to Maria Bartolomé over the weekend, like, I'm done, right?
Like, what the heck, NATO?
What the heck?
I'm doing a great job for the country and for the world.
You know, we've had no help, zero, from NATO.
We're there for them.
They're not there for us.
We spend, you saw the chart that came out a couple of days ago, with a big monster red ball.
That was us.
And all these little satellite balls.
And it represented the money spent on military and NATO.
And it's ridiculous.
And they should have been better.
They should have said, We'll send somebody.
It's a small operation.
But they didn't.
They didn't even pretend, right?
And that's his point.
We're spending all this money.
And you actually not only don't pretend, you actually throw it back in our face.
And then on the day when we finally get things opened up, and I realize, I realize it's been dicey.
It's open, it's not open.
We're going to talk about that because China had a hand in that too, I suspect.
Right now, it's theoretically open with our blockade still in action.
Right, so our blockade is there.
We're not allowing any boats into the Iranian ports or out of the Iranian ports.
We did agree to not bomb the entire civilization.
I think that was the quote he used before.
We have agreed in the last couple of hours, as I told you yesterday, I said this would happen, to a ceasefire, and we're going to allow that ceasefire to continue on.
However, I also told you this one would happen.
We pulled back JD.
JD's not going over to Pakistan this weekend, and those talks are on hold.
So they're on hold, and we're evaluating things very seriously right now, and we're working with.
New allies, new allies in the Middle East.
Who would have thought?
But you know, if you're playing chess here, don't you kind of want to circle these guys while simultaneously maybe cutting a little bit of power off from China as well?
And I mean, gosh, what are we doing?
Bringing Russia into the fold?
Again, that Kremlin leaked report is a very interesting little bit of unconfirmed evidence suggesting, suggesting, guys, that they may all be coming around.
But you know, hey, Europe's Europe.
After all, they're having fun dancing with Timmy in Barcelona right now.
We've got a feeble minded, trigger happy president who plunged us into a war where no threat was present, with no clear objectives and no exit plan.
We need to call that what it is.
That's fascism.
Or at least it's fascist curious, as they would be.
Okay.
So.
That's what's going on in Europe right now.
So Donald Trump's saying, hey, you know what?
We can find more friends.
We can find more friends in high places with deep pockets that actually want to help us.
Imagine that.
Financial Reset Signals00:03:47
That actually are sending ships that are actually contributing money.
Granted, I mean, this is their next door neighbor.
So they have a lot of incentive to do so.
But it's Europe's next door neighbor, too, for goodness sakes.
I mean, if Iran gets a nuclear weapon, they can take out any of those European countries.
So, you'd think someone would have some sense over there, but you know, they're listening to Timmy, so that tells you everything you need to know.
I've got so much more to say on this, including what was going on with that cargo ship, because that cargo ship had been making stops in China and nobody wants to talk about what was on that cargo ship, but I'm willing.
I'm willing.
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Indeed, very, very important.
This global reset has a lot to do with China.
I mean, it could really signal some tough times ahead for China because it would suggest then that people are doubling down on the US of A and King Dollar.
Because when the UAE is asking for help and a lifeline, they're not asking for yuan, they're asking for dollars.
And the US would be the backstop in that case.
And when the US is the backstop, That means they're actually somewhat beholden to us.
I mean, of course, we're sort of the backstop for Europe, too.
So you'd think Europe would be beholden to us, but Europe is constantly telling us to go F ourselves.
So, in other words, who needs friends, or rather, who needs enemies when you've got friends like Europe?
So things are starting to shift.
And why is this significant on the global stage?
Because it actually would matter for China.
China does not want more people coming into the dollar system.
The dollar system, which has been obviously around for quite some time, you can go all the way back to World War II and the aftermath of World War II and the Bretton Woods Agreement.
US Backstop Reality00:07:30
I like talking about that, you know, from New Hampshire, way up in Bretton Woods, New Hampshire, tiny little town.
I'm going to talk about this actually coming up because we've got Dr. Kirk Elliott on the program today.
And I want him to get into this because there are some real reasons to be thinking about King Dollar right now.
But after Bretton Woods, we effectively became the dominant currency for the world.
And that's when we became the world's hegemonic power.
Why did that happen?
Well, we had like 70%.
Of the world's gold reserves, and you couldn't be trading in all these different currencies, you just kind of had to pick one.
So, we went with the US, and it went well for a while.
But you know, in the last few decades, things have gotten a little bit rocky, and the Chinese have said, Well, hey, you know, why do they get to always be king of the world?
and the Russians have said this, and you know, the Iranians have said this, and so they're all looking for some other system.
But because of what's going on right now, because of Donald Trump.
The system we have is getting doubled down on in a big giant way.
So, when you think about this tanker, right, or rather, this cargo ship named Tosca.
For opera fans out there, you'll remember the name of the ship because Tosca is a famous Puccini opera, Tosca being the main character.
Anyway, the Tosca ship was fired upon by us because it was trying to.
Go right through our blockade, and it was trying to enter the Iranian ports.
Now, this matters because there were apparently some things on that ship that they were trying to get into Iran.
They had made some stops in China and picked up some of this cargo, and that would have been problematic.
And it makes you question what China's really doing in all of this because I know they're saying one thing, but are they doing another?
Let's go to the video footage released by the Pentagon yesterday.
And you have an accompanying true social post.
Motor Vessel Tosca, Motor Vessel Tosca, vacate your engine room.
Vacate your engine room.
We're prepared to subject you to disabling fire.
Okay, we gave the flare.
Now we're ready.
So this is what the president sent out.
Again, this was released by the Pentagon, and this matters.
It caught my attention because I thought, why would a ship be trying to go through our blockade?
I mean, how dumb can you be, right?
Why would they do that?
And where was this ship coming from?
Turns out it was coming from China.
It went to a whole bunch of ports in China.
And apparently, it loaded up on a whole lot of things that could be used for commercial use, military use, personal use.
But some of those things include.
Chemicals that would be important for ballistic weapons.
So, again, why would China do something like that?
I mean, I'm going to be really clear and just let you know that neither side, neither the US nor China, has said this is in fact what was going on.
Rather, we're relying on other media reports to let us know about the chemical materials.
That were coming from China that could be used in the production of ballistic missiles.
So everybody's denying everything, but we're on board there and we're now getting reports that there are these chemical materials and they picked them all up in China.
And this is what they were trying to race through our blockade with.
Again, not smart.
And so China may say, oh, you know, we're not doing anything.
We're just going to look the other way and pretend like it didn't happen.
But don't forget, this was a ship that had been stopping in these Chinese ports.
So it's coming from China and it's trying to go to Iran.
So you put two and two together.
I get four, right?
And what four means in this case is China is trying to be a you know what disturber.
And China wants this war to go on and on and on.
And China does not want all of the Middle East gravitating to the US of A and dollars, because that would then reinforce the United States' power and influence over the rest of the world.
And what has China been.
Not even aggressively, I should say.
I mean, aggressively, but sort of quietly, silently, via influence campaigns, tried to do over the years, undermine that.
I mean, what do you think Neville Singman and his wife, right?
Jody Evans, I keep thinking she's like a 70s singer, folk singer.
She's got her code PINK.
I mean, they're getting allegedly a lot of funding from China.
And Neville Singman is the guy who was apparently the money behind those Minneapolis protests.
So, again, you just add these things together, and what you start to figure out is that China has embarked on a very aggressive campaign under the radar to try and one, have us all hate each other, which, by the way, they've been very successful at doing.
I mean, not so much on the right, but certainly on the left.
The left is just like primed and ready to hate on everyone.
And then they've got Europe to the point where Europe is now no longer Europe, right?
And just a disaster of a welfare state.
Again, I'm not saying that they did this.
I think Europe.
Did it to itself, let's be very, very clear.
But I think that the influence campaigns have mattered and have actually affected the outcomes of the political destinies in these places.
And you've got to think about it, even vis a vis some of our politicians here and the soft money or the soft influence that's coming in.
We don't entirely know.
Think about how they can't confirm that all the money that went to Kamala Harris was actually domestic money.
That's a big revelation that's come out, and the DOJ is investigating it.
But if that's the case, then you have to, I guess, just ask yourself how much of this is a foreign influence campaign and be smart about it here, especially in light of people that are just sort of talking a very different book.
Look at Iran's president.
He's saying, okay, you know what?
We can't.
We can't have any kind of meaningful dialogue because you didn't let that ship from China come in.
You better believe we're not going to let a ship from China with chemicals on board that could be used to make ballistic missiles come in.
No, no, no, that's not happening.
Like, what part of the blockade did you not understand?
But this gives them time, right?
They're buying time, and China's getting what it wants in that sense because it wants this instability.
And Donald Trump has just Threatened China effectively with creating a more stable world for the United States of America.
And the world wants it, which is why the UAE is coming to us hat in hand, which is why Kuwait and even Qatar and all of them, they're like, okay, what do you want us to do?
We want a safer place and we know that the U.S. can get us there.
Ilhan's Venture Capital Questions00:13:12
Forget about China.
Oh, don't tell Ilhan.
Ilhan Omar in a whole new set of trouble.
And don't forget, there are questions about her hobby's venture capital firm and whether or not any money was coming from funding.
Foreign sources, again, as I talk about a foreign influence campaign, including China, including a lot of these places that don't necessarily have our best interests at heart.
You may have seen this story.
It's absolutely unbelievable.
I mean, I was joking yesterday about place value.
You have to learn the hundreds, the thousands, the tens of thousands, the hundreds of thousands, the millions.
She didn't get that far in school.
Ilhan Omar, she's not a multimillionaire.
She doesn't have $30 million.
Apparently, she's got somewhere between $18,000 and $95,000 because, you know, she can't count.
When they say the three hours of reading, writing, and arithmetic, there was no arithmetic, I guess, going on in Ilhan's house.
I mean, her hubby is supposed to be a finance guy.
I'm not buying this.
I'm not buying any of it.
If anything, this has just driven me to ask a whole series of new questions.
Big questions, including why it is that she's now valuing these private equity, private, forgive me, venture capital assets, venture capital assets at zero.
When she apparently, as recently as 2025, was, or at least her husband was in an email talking to his lawyer's account about how they were worth like nearly eight.
So what happened?
Oh, I guess people wanted to know how she was suddenly worth 30 million.
And that caused a lot of questions to come forward.
And so now she's like, no, no, no, I'm really not.
I just missed a few zeros.
You know, I'm just a dumb girl.
What can I say?
No one's buying that, including the head of the ethics committee, James Comer.
Watch him here on Handy's program on Fox last night.
Look, who makes a multi million dollar mistake on their financial disclosure form?
Either her accountant went to one of those quality leering centers in Minnesota or she lied about it.
If she lied about it, that's a felony, Sean.
If her accountant went to one of the quality leering centers, then she should work with us as a whistleblower to help us.
Prosecute all of her fellow Somalis who were involved in this massive welfare scheme in Minnesota.
Either way, she's never explained to the public how her net worth was $30 million and if she made a mistake, how the mistake happened.
I mean, it's not possible.
You review that financial disclosure form before you hit enter, you enter all the assets in and then it pops up and you review it and you hit it again.
So it's highly unlikely that she made a mistake.
This isn't going to go away from her.
So, we're going to continue to try to push for answers and see if her name pops up in any of these frauds that Vice President Vance and the House Oversight Committee are detecting in Minnesota.
Okay, that's the big question.
Is her name going to pop up?
And it may not be her name, it may be some entity tied to her husband's venture capital firm.
That's what I suspect.
I mean, this just literally makes no sense.
Hey, Alphonse, good to see you in the house.
Alphonse, and thank you as always for the generosity.
I'm going to get to your comment in a second, but I would just say, look, Ilhan, we're not buying this.
We're not buying this.
And you know what else I find super, super weird?
Remember this website?
I showed you guys this before.
This cracked me up.
This Rose Lake Capital.
He said it's a venture capital firm.
And so I went onto the website and I'm looking at this exclusive partners for global operators, exclusive partnerships for global operators.
What is that about venture capitalism?
I'm struggling here, right?
Global?
Why global?
And then it got even more weird because if you went here, check this one out.
Okay, check this one out.
$60 billion assets under management.
That would make it massive.
I think he was actually referring to the number of assets like his team had managed in the past with the people that they were working with.
They said they had five diplomats on board, 11 free trade agreements signed, and then 80 countries where we've worked.
Oh, and then here's the kicker.
The website's gone.
So I went back today because I had taken these screen grabs for you guys and I didn't want to have to go back through my entire library of graphics.
I thought, well, I'll just go get it again.
You can't.
He's taken the website down.
Gone.
Presto.
No more.
Nada.
Check it out.
Okay, you see?
This is the new Rose Lake Capital website and there's literally nothing on it.
Nothing.
Okay.
Again, this makes no sense.
It makes absolutely no sense.
And I think she's actually got herself in more trouble now than she ever even dreamt of because you don't tell us that you're worth $30 million and then turn around and say, no, it's actually somewhere between, what is it, $18,000 and $95,000.
That does not make any sense.
And you cannot blame the accountant for that.
You don't think that she, I mean, she should have said to her husband, hey, you know, what does that say?
According to members of her staff, she saw.
All the forms.
So she saw the forms before she signed off on it.
So she saw the forms.
How could she not know that?
I mean, how could you not know?
I'd be like, honey, wow.
I mean, I guess it really made sense to marry you, right?
My net.
That's how you don't need to forget his name.
It's my net.
My net worth just went up as soon as she married this Timmy My net.
So an Omar disclosure filed last year showed she and her husband held assets between $6 and $30 million.
And now it's just $18,000 to $95,000.
Again, Makes literally no sense.
But here's what really makes no sense.
And here's why Ilhan Omar is now super in for it.
Because there was a 2025 email between the husband and his accountant.
And it stated that the venture capital management firm was valued at $7.9 million.
The winery was valued at $1.5 million.
2025.
We also have information from right around the same time period from the husband's business partner due to one of those fraud lawsuits.
There were a few fraud suits.
You can't make it up, right?
With the cannabis company and also the winery.
So, one of the fraud lawsuits brought forward information which suggested that there was no money in any of these businesses and they weren't actually getting anything out of them.
So, why does he have a $7.9 million valuation on it, according to his email with the accountant?
I mean, it just doesn't make any sense.
He owns roughly a third of both businesses, according to tax documents.
And then if you look at the lawyer's letter, there's something else embedded in there that's really peculiar.
And that's that she got $213,200 in distributions $200 in distributions from his venture capital firm.
I'm going to go out on a limb and say you don't typically have an asset that's worth zero, that has liabilities, that is paying you distributions of $213,000 and change, okay?
Plus another $3,000 from the winery.
So someone in the Wall Street Journal asked, where does one find assets that have no value but can generate $216,200 in annual income?
Inquiring investors want to know.
You better believe we do, right?
This girl's going down.
Just listen to her competitor there in the state, Tom Emmer, who would like to deport her very soon.
They're being impacted by these Democrats who have allowed the fraudsters to run wild in my state.
And by the way, when we talk about Ms. Omar, I mean, she went from $65,000 net worth that she was reporting on her congressional disclosures to reporting over $30 million in net worth in just a few years.
And guess what?
Now she comes out and says, Oh, that was a mistake on our disclosures.
I just took a quick look at it and missed it.
You know, not only should her accountant be fired, but that girl should be fired, and she does not deserve to be in Congress.
Quite frankly, if she is discovered to be involved in any of this fraud personally, that she benefited from it, even by her actions of promoting it and trying to resist investigations, she should be held accountable to the fullest extent.
Absolutely.
Absolutely.
And this is exactly, exactly what you heard.
James Comer says, so the ethics committee is zeroing in on her, and she has to be held accountable.
And again, what they need to be looking for, and they're going to map this out, and Treasury's involved as well.
They're going to be looking for did anybody that made any kind of money off of the Feeding Our Future program, remember the $250 million program that somehow came right from her district and had people who gave to her campaign, in fact, even a campaign staffer, a former campaign staffer, was actually one of the people implicated and now in jail over this.
So The question will become, did any of these people have any kind of investments with the Hubby's venture capital firm?
And if so, I think that's where you're going to start to put two and two together.
They are doing this whole thing globally.
There's a lot of concern about the 80 different countries with their five different diplomats that they apparently had working on things at the venture capital firm.
I mean, it's really, really sus.
And it kind of could possibly, dare I say, tie back to some of the concerns about the China influence issues.
I want to go to Republican strategists.
Some of you saw this already, and I had it on my shorts feed.
Ari Fleischer is making a good point, too.
This is outrageous.
This needs to go to the House Ethics Committee.
This needs to be thoroughly investigated.
It looks like she got caught and she didn't like what she put down.
And so now she's trying to make it go away.
These filings are supposed to have meaning, they're supposed to have value, they're supposed to be accurate.
And for her to make that type of mistake, this is a mistake of embarrassment.
It's not a mistake likely.
Because she just got it wrong the first time.
So, yeah, this does need.
But I think I'm going to go a bit further than Ari on this.
I don't think it's just embarrassment.
I think where there's smoke, there's fire.
And you've got to start connecting the dots between everyone that was getting money illegally through Feeding Our Future and the husband's company.
It's not like this guy was a rocket scientist.
Apparently, he was so dumb, he couldn't even figure out these filings, right?
And his place value is on his zeros.
And I'm sorry, but you would know if your net worth is $30 million versus $95,000, okay?
Even if you'd only been to the Learning Center your whole life, you would know that.
So they're going to have to do some digging.
And what they're going to try and do in this forensic accounting, if you would, is line it all up.
And if it lines up, gosh darn it, she's going down because we're talking deportation and jail.
I think jail comes first and then deportation.
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You know, we've been talking a lot about China.
We've been talking about influence campaigns.
I mean, we've got our questions about Ilhan.
I think it's also just really important to remember how big this is.
on the overall scale, right?
Because do not forget what's at stake, the future dominance of the world.
And China's been sitting there very patiently, waiting, watching for its opportunity.
But in fact, its opportunity may have just been squandered, really, because all of the Middle Eastern countries are heading straight for us.
I mean, nobody in the media is talking about this.
They're not asking about this.
But you had that vessel that had come from some of those Chinese ports heading straight for Iran, And we intercepted it.
Some of the materials on there could have been used to create ballistic weapons.
Dollar Reserve Currency Crisis00:15:20
We intercepted it.
So we know the jig is up.
Meanwhile, if you go around the world and you go visit those countries in the Middle East, what are you seeing?
They want to align themselves with us.
And they have, both militarily and financially.
Think about the UAE asking for the credit line because they want dollars.
They don't want Chinese yuan.
So, this is a major moment in the world.
I sat down earlier with one of our great show sponsors.
I mean, he's become quite a bit of a friend too, because I really like him and I like his company, and he's got a lot of great insights.
I want to introduce you all, if you haven't seen him before, to Dr. Kirk Elliott, PhD.
He's got some very insightful things to say on this.
Watch.
So happy to welcome to the program for the first time.
Well, actually, we've seen you a bunch, Dr. Kirk, but this is the first time you and I together at last.
It's great to see you.
Thank you for all the little snippets of information you've been giving us over the last several weeks.
It's my pleasure.
And together at last, yes, there's a lot to talk about, isn't there, Trish?
There is.
Just for a moment, humor me on what your advice is to investors when they see these ups and downs.
Traders love it, right?
I mean, you've got all the banks reporting record profits because it's like, wow, you know, they're in it.
To win it in this kind of volatile environment.
But if you're an everyday investor, it's kind of hard seeing your portfolio get whacked around.
Here's the thing we are not traders, right?
Everybody watching this show is more concerned about their retirement, their investment.
So when you look at a retirement portfolio, it's more long term.
You're not popping in and out of markets by the minute, by the second.
That's where volatility is actually important for banks.
They make a fortune, they make an absolute fortune.
For us, I look at the fundamentals.
Right, what causes a market to move?
What are the fundamental forces that drive it?
What causes markets to go up and go down?
You get in because the fundamental strength is there, and then you just wait until the trend is over, and then you lock in your profits and get out.
Let me turn to what's going on right now in Iran, specifically as it relates to oil and the US dollar.
We've been riding king dollar for a lot of time, but does that continue in this environment?
What we're seeing is since the 70s.
The US dollar has been the petrodollar, right?
Which means what?
All oil settlements globally are traded in the US dollar.
That gave the US dollar demand, even though we ran up our federal debt to like $40 trillion, right?
There was still demand for it.
If you were any other country and you ran up that kind of debt, people would say, We don't want your currency.
There's no way for you to ever pay back this debt.
Well, we kept having inflow of foreign investment into the US dollar because.
Of oil settlements a couple of days ago, right?
Last week, the United Arab Emirates said, Hey, America, Federal Reserve, we need a credit line because of this war in Iran, this conflict.
We need these credit swaps, these liquidity swaps.
We need currency.
Well, what is Trump going to do?
Okay.
If we give it to him, right?
Well, maybe, right?
We don't know.
He did it with Argentina.
He did it with Argentina, but let's say he gives it to him.
What does that mean?
We're going to have to print more dollars to give it to him, right?
Because they're going to be more dependent on us.
Yeah.
Because of the supply chain disruptions, because of the Strait of Hormuz, how do they make their money?
With oil sales.
Well, wait, the Strait's been shut down.
So they're bleeding capital.
So they're saying we need an emergency influx.
So Either Trump gives it to them, and if they don't, if he doesn't, what was their ultimatum?
They said, Well, we're just going to go to the BRICS nations.
We're going to start trading oil in the Chinese yuan, then, right?
Which is exactly what China wants.
This is exactly what they want.
Because you go back three years, the BRICS nations had this meeting in Durban, South Africa, and Putin opened it up.
And he said, We're going to de dollarize the world.
It's irreversible.
And this is our objective.
The dollarization of our economic ties is gaining pace.
As a result, the share of US dollar export and import operations within BRICS is declining.
This summit is to discuss the detail, the entire range of issues related to the transition to national currencies in all areas of economic cooperation between our five nations.
It's like, wow, those are fighting words there, right?
So, how do they do it?
They start selling US treasuries rather than buying them.
That just means that the world is flooded with treasuries.
And what are they replacing it with?
They're starting to do unilateral and bilateral trade agreements with each other.
Like India is a BRICS nation, is buying Russian oil with Chinese yuan.
Wait a second.
What about the petrodollar?
See, this is systematically, segment by segment by segment, dismantling the demand for the US dollar.
And the BRICS nations love it.
They love it, right?
United Arab Emirates just.
Did a shot across the bow and said, Hey, Trump, if you don't give us money, we're going to go to the BRICS nations.
And so it's really easy, Trish, for all of us out there to be armshare quarterbacks and say, Oh, Trump stinks or he's doing a great job or whatever.
We don't know what he knows, right?
But what is he trying to do?
Stabilize the dollar, keep us as the world's reserve currency and control the supply of oil.
This is important stuff to do.
Important stuff to do.
Oil is the number one commodity on earth.
It's like, what countries use oil?
All of them.
This is why we have volatility right now.
But you go back before this conflict started in late February.
What did silver do last year?
Up 147%.
What did gold do last year?
Up about 70%.
Then this conflict started massive volatility.
No, I didn't get the numbers.
Well, it's not much worse.
But if you listen to the mainstream media, what are they saying?
Oh, oil.
I mean, look, I just got to tell you like they are.
Armageddon.
I can't even, I'm like, guys, calm down, calm down, would you?
But you know, I get it.
Like, I've worked in financial media my whole career.
And if it bleeds, it leads, right?
In the news business.
And in this case, it makes Trump look bad.
So it's like double wahoo for them.
They just love it.
But if it was really that bad, I mean, it would be, we'd be looking at 250 bucks right now.
I think, I mean, if people were really that freaked out, I think you'd be looking at a market that was off 30%.
We're not seeing any of that.
Like, the media, Is panicked.
Yes.
You look at before this conflict happened, you look at the trend and it was going up.
Now, this created a bunch of volatility, but this is going to end.
Why is this going to end?
Because the whole world needs oil.
If this doesn't end, the world basically shuts down because they don't have oil.
See, this is what Iran knows, right?
Oh, they know it.
But this will end.
And then what happens?
The trend resumes that was there before this happened.
This is just an immediate shock.
And we as investors, we have to go back to the base.
I so agree.
I mean, listen, we're totally in alignment on that.
To tie it back to your expertise, which is gold, I mean, one of the things that I always keep as a very solid part of my diversified portfolio is gold.
And it's not just because it was up 70% last year.
I certainly didn't expect that.
I actually was thrilled, but I don't expect that.
I actually just expect that it is there as a.
As a precaution, as a hedge.
I actually think of it as a hedge.
Yeah, I mean, it's a great inflationary hedge, always has been.
Like you go back to the early 1900s, you know, back when the US dollar was actually backed by gold, you could have one ounce of gold or a $20 bill.
They were exactly the same.
So you fast forward to today.
Well, what does $20 get you?
Literally, you can't even go to Chick fil A on date night, right, for 20 bucks.
But one ounce of gold.
You know, pushing, you know, we're pushing $5,000 an ounce, getting close to it, right?
That's different than the $20 bill.
See, that has maintained its purchasing power over time.
And that's what you look at precious metals as it's an insurance policy against a collapsing dollar.
But, you know, back to your point, you know, as a financial news expert like you are, fear sells, right?
Because when people are scared, money starts to change hands.
I'm just the opposite of that.
Hope should sell, right?
We can't sensationalize and we don't need to sensationalize the horribleness of the world right now.
But what grows in times like this when there's volatility and turbulence, you go back to something that's real and tangible and you go back to the fundamentals.
And there's no reason to operate in fear.
If you operate in fear, you're going to, one of two bad outcomes is going to happen.
You're either going to put your head in the sand like an ostrich in a windstorm and then you pop it up when the windstorm is over and you don't do anything or you make a wrong decision.
Fear is a really ugly motivator.
I would rather go with hope.
And what is going to be the outcome of this?
What were the trends?
What is Trump doing like since Liberation Day, right?
And the tariffs and everything else trying to make America great again, bring jobs back to America, have wages outpace inflation so people will spend, that will grow the economy.
This is where I expect us a year from now.
But boy, Trump has massive political headwinds.
Because the rest of the world doesn't want the US dollar to be the world's reserve currency.
We should, as Americans.
So, therefore, we should support what he's doing.
That's a really interesting point.
The rest of the world does not want Trump to make the US dollar any stronger.
Yeah.
I mean, the BRICS nations want to be the world's reserve currency, they want to take over what happened in the 1940s with Bretton Woods that made the dollar the world's reserve currency.
See, they want that.
So the rest of the way, just to remind everybody, and I have to say this because I'm from New Hampshire, born and raised, former Miss New Hampshire, actually.
So I have to say this Mount Washington Hotel, site of Bretton Woods.
And just to remind everybody, that's when, as we were coming out of World War II, it turned out the U.S. had most of the gold, right, Dr. Kirk?
And so they all got together.
The IMF was created there up at the Mount Washington Hotel in this teeny little town called Bretton Woods, New Hampshire.
And they even to this day, I make my kids go in there every time we make the trip up, we go into the gold room.
They're like, Mom's going to go to the gold room again.
And we go and we revisit the whole history.
But they all came there and they made a decision that the US would become the world's reserve currency because it had all the gold.
I mean, imagine.
Yes.
And the reason they did that was to add stability to the global monetary system, right?
So you've got all these countries that are trading back and forth, and it's like, what's this currency worth?
What's this one worth?
And it was hard to figure from day to day.
So you needed something to add stability to the global marketplace.
How did the US get that?
Because we owned gold.
See, there's stability in tangible assets, not basically backing the currency, but we had it, right?
So, when you have that, when you have the industrial might, when you have the intuition and a capitalist framework where when people work hard, they can make a good living.
I mean, it's the opposite of communism, right?
So, it's like, yeah, let's have the United States be the world's reserve currency.
This allowed us the lifestyle that we've known for the last 80 years.
Who wants that?
Everybody wants that.
So, this is why Trump has such huge political headwinds because China now wants it.
And they're saying, oh, you've squandered your time in the sun.
Look at the debt that you have.
We can't stand you, Trump.
We can't do, you know, blah, blah, blah.
So, now the rest of the world, whether it's the World Economic Forum or the IMF or the World Bank, they're all saying, let's have a change, right?
Let's move away from a dollar denominated world to something else.
This is what Trump is facing.
And anybody who has less guts than he does would have buckled under that pressure.
But he's fighting for America.
That's how I view it.
Gosh, I could just talk to you all day.
I want to remind people if you're interested in investing in gold, and you should be, you definitely should be, go to kepm.com forward slash Trish and maybe mention that you saw the interview with Dr. Kirk.
I know that you guys take really good care of people over there.
It's actually one of the things that really impressed me the transparency in the pricing.
Just mention that if you would.
I mean, it's really simple.
And the way that we set this up a long time ago, I've been doing this since 2002, is just very transparent 8% when you purchase, 0% when you liquidate.
So all of the growth ultimately is yours when you sell it.
In this industry, you can watch podcasts everywhere.
You can see gold and silver dealers everywhere advertising on every single show.
They're selling stuff that's not liquid at the end, you know, high grade collectible, commemoratives.
Boy, It's not all gold is good gold.
Not all silver is good silver.
Don't overpay for it.
Maximize your ounces.
So, what we do is we walk people through that process.
It's like you call, you have questions.
We will listen to you.
We'll answer those questions, develop a strategy using bullion only, right?
Never, never overpay.
Just don't ever do anything that's not bullion because I don't have to make a market for it, right?
You're used to the financial world where, you know, somebody calls that I need to sell this stock or whatever.
It's like, okay.
Let me call somebody else.
Let me call client B.
It's like, oh, have I got a deal for you?
We just got this inventory in.
That's what you have to do when you're one of these other dealers that are selling some of that stuff.
When it's bullion, it's a global commodity used for industrial purposes.
You press a button and it's the price.
And we charge nothing when you liquidate.
So, whether it's an IRA, an IRA rollover, an old 401k, just cash you have in a brokerage account, just call us.
It's really easy.
Tucker's Awkward Departure00:06:02
My team will walk you through it.
And get you out of harm's way, allocated into strength, which whatever allocation you decide is appropriate for your family will guide you through that.
Every single week, we'll give you a weekly commentary.
I'll do a little video email for all my clients, letting you know what I see politically, economically, spiritually, socially, what you should be joyful about, and what you should be careful about, because we're on this journey with you.
Indeed, indeed.
Well, listen, I encourage everybody to go check it out.
Go over to Dr. Kirk Elliott PhD site, KEPM.com forward slash Trish.
Thank you, Dr. Kirk.
We'll see you back here on the show again next week.
That's my pleasure.
Bye bye.
Again, kepm.com forward slash church.
Go check it out.
Go check it out.
Another story we got to talk about.
Did you see this?
Tucker Carlson.
Tucker Carlson's son, Buckley, just got fired.
Or he's finally decided to leave, which, under the circumstances, was probably the appropriate thing to do.
You see, he was working for Vance.
on the pr team i guess and he you know he's a young kid he got a job at the white house his big break and then his dad like does this 180 on the president and it makes it a little bit awkward i'm just saying just a little bit awkward and then you have folks like laura loomer pounding him every day saying like what what's going on how is it that tucker's son Tucker Carlson, you know, former Fox News guy, now hosts a podcast.
How is it that his son is working in the White House for JD Vance?
Because, you know, Tucker's clearly not on Donald Trump's side.
And so, anyway, the upshot of this is that Tucker's son is no longer there.
So, I'm surprised he stayed as long as he did.
Again, under the circumstances, I think his dad's been sounding off for a while, and it gets a little awkward in the family.
You know, remember, Kellyanne actually wound up divorced over the whole thing.
George really didn't like Trump and she was working for him at the time.
Again, it gets a little awkward.
And in this case, it's his kid, his son.
So I'd say whatever went down was the right thing.
In other words, you do want to have some alliances that are set in stone and you don't want your dad out there attacking your boss every day of the week, which is what was going down.
And it's gotten worse.
So Tucker decided to bring his brother on.
Also named Buckley.
Interesting names.
Buckley, Tucker, Fancy, Fancy, Fancy, Fancy.
Anyway, he brings his brother on, and now they're going on about how Trump has to go.
And they're tormented.
They're just utterly tormented that they ever supported Donald Trump.
And let me just say, these guys got it going on.
I mean, they're giving P.T. Barnum a run for their money, are they not?
Here it is.
Take it away, Buckley Carlson.
We do have remedies for an out of control, megalomaniacal, destructive president.
I think honest people who have that power should consider taking it.
So, looking back, being because, I mean, you and I and everyone else like, whoa, okay, that was a call for the 25th Amendment.
If you missed it, that was really kind of an aggressive thing to say.
Get it?
Like, what is going on?
I'm going to tell you.
I think it's click, And, you know, Chinese bot farms, they pay well.
I don't know.
I don't know.
I don't know what's going on.
I can tell you, having worked with him, he always seemed to be on whatever was the most provocative side.
So, logically, all right, I'm going to tell you, we can go back to this sound bite.
Well, let me play it and then I'll give you my inside scoop.
But here he is now saying he's going to be tormented by the fact that he supported President Trump like forever.
Supported him.
You wrote speeches for him.
I campaigned for him.
I mean, we're implicated in this for sure.
Yes.
It's not enough to say, well, I changed my mind or like, oh, this is bad.
I'm out.
It's like in very small ways, but in real ways, you and me and millions of people like us are the reason this is happening right now.
Yes.
So I do think it's like a moment to wrestle with our own consciences.
You know, we'll be tormented by it for a long time.
I will be.
Oh, those demons are really going to come and get you now in your sleep, right?
I'm sorry.
Like, this guy just doesn't add up.
I'm sorry.
Again, I worked with him.
I had the pleasure of having a show opposite him.
And I don't think he appreciated that much because if we got 200,000 viewers over on Fox Business, that was 200,000 he wasn't getting.
And he was upset about it, like, all the time, all the time.
So I said to my bosses, like, why did you do this to me?
Like, really and truly, I was very happy at two o'clock.
I could be home with the kids for dinner.
Who needs this?
Anyway, I think he does a lot for attention.
That's just my own two cents of it.
I think there's a lot of people in this profession that don't really have like an inner core that guides them.
They do it for money and they do it for attention or clicks.
And one way to get attention or clicks is to always try to take the most controversial viewpoint.
I don't think he ever liked Trump.
I know he didn't like Trump.
By the way, you know he didn't like Trump.
Remember all the text messages that they released after the whole Dominion thing?
And he was quoted, I don't have them in front of me, but basically saying something to the effect of he couldn't wait till he was out of office because he didn't want to have to talk about him anymore.
Politicians Seeking Clicks00:00:59
Right?
Because he wants to talk about what he wants to talk about because it's me, Really?
I mean, this business is bad.
And the men, the men are really bad.
Like, I'm just kidding.
You think the women are bad?
No, Like the, you know, it's like the kid that couldn't play sports, that couldn't be an actor, that couldn't be a politician and somehow winds up with a podcast.
And I feel for him.
But you know what?
Don't feel that bad because he's making plenty of money and he seems quite happy with his spectacular circus life.
Anyway, I just hope you save some for the little Buckley, right?
The little Buckley who no longer has a job.
Thank you guys for being here.
It's wonderful to have you here on the Trish Regan Show.
Make sure you subscribe.
I think we just put that little button up right there.
And I love seeing you all.
We're going to be back with much, much more coming your way tomorrow.