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Speaker 1: And here we go. Welcome one and all to the

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Big Podcast on this Wednesday. Today is the twentieth day

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of May, Year of Our Lord, twenty twenty six. My

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name is Tom Sullivan. And well, yesterday we spent some

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time talking about the fact that there were six states

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that were having their primaries. And the interesting thing about

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the primaries, there's a number of them. This is kind

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of the busy time for primaries May and June. And

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what a lot of the pointy heads in Washington that

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follow the politics closely point out is that a lot

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of Republicans, especially members of Congress but also Senators, because

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the gap between Republican and Democrat control is so narrow

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for both of them, that a lot of Republicans are

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not going to cross the path of Donald Trump, no way, no,

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how so whatever he says, they go, yes, sir. And

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after the primaries are over, then it's expected that a

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lot of the Republicans may actually start singing slightly different

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tunes because they won't be afraid of Donald Trump, because

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the primaries will be behind them, and two years from

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now Donald Trump will still be there. He may go

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after them in twenty twenty eight, but for right now,

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they're worried about November of this year. So we told

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you that the five state senators in Indiana, the five

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or six anyway, Donald Trump got all but one of

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them basically primary, and they're out. And then we had Saturday.

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We had Senator Bill Cassidy from Louisiana and he was trounced.

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He came in third because again he crossed Donald Trump's

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path and Trump went after him and endorsed. Actually, the

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woman that won, he only endorsed. She just jumped into

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the race a couple of months ago. And then last night,

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the big one that everybody was watching was Tom Massey,

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the congressman from Kentucky, and a lot of people thought

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it was going to be close, and it well, it

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was closer than the others, but he still lost by

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ten points. This guy, Gowering gowerin we don't even know

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how to pronounce his name yet, got fifty five percent

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of the vote and Tom Massey got forty five percent

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of the vote. But Massey, he's an interesting guy because

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he's very much an independent maverick. And so at his

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election party last night, he didn't have his chin down

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on the floor. He did not sound dejected at all.

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In fact, it sounds like he is still going to

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try to make trouble for Donald Trump until he's out

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in January. He says, i still have more than six

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months to go, and I'm going to be well exact.

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Tom Tillis from North Carolina said I'm not going to

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rerun and has been a thorn in the side of

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Donald Trump. So watch Tom Massey be even more of

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a pain in the posterior for the president over the

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next six months. And then he kind of indicated that

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it's only two years until the next election and that

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he's going to be making trouble during that period out

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of office. But as a guy who has a pretty

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powerful political machine in the state of he got a

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lot of county people elected, and just a lot of

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people owe Tom Massey a debt of gratitude, and well,

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I'll let you listen. This is a couple different clips

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from his election party last night.

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Speaker 2: While gas is almost five dollars in diesels, almost six

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they're talking about this big ballroom they're going to build,

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and it looks it looks like the Roman Empire.

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Speaker 3: Architecture from the Roman Empire.

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Speaker 2: I'd see a few analogies there, and people are just

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trying to make ends meet. There is a yearning in

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this country for somebody who will vote for principles over party.

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You all don't like bullies and you don't tolerate them,

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and I love you for it. Now as an election

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and it turned into a movement, we weren't really running

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against ed Galryan, we weren't running against Donald Trump.

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Speaker 4: We were running for what we believe in.

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Speaker 1: Yeah, so that's Massy. And he is officially a Republican,

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but he's very libertarian and he marches to a different

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drum than most of the others. He voted against the

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Big Beautiful Bill because of the fact that he thought

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it would be financially too much money, and he was saying,

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I'm a conservative, fiscal conservative, and I think that's putting

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as our nation more in debt. So that's why he

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voted against that. But that was another vote that Donald

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Trump said, you're voting against my wishes. So, I mean,

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he's always been a maverick. But we'll see what happens

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from here, but expect him to not go quietly, let

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me put it that way. And then Texas, where the

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President picked Ken Paxton, the Attorney General of Texas, over

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John Cornyan, the current longtime Republican Senator from Texas, and

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that leaves Cornyn in a real pickle. But but the

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problem with this is maybe Cornyan will lose the primary,

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which is coming up in a week. But what about

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the general election where there's this Democrat who is catching

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a lot of people on the on the left for

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sure on Fire's names Tall Rico, young guy, and he

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he may surprise people going up against If Ken Paxton

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is his opponent, that's still I don't see Texas turning blue.

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But tallar Rico is going to give Paxxton a pretty

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good run because Paxton has such a checkered background. Here's

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the president today. He was going up to Connecticut for

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the Coastguard Academy graduation and before he got on Air

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Force one, this is what he had to say.

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Speaker 5: Great Candida. I believe in Texas, and I believe that

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Texas candidates Ken Paxton. I think he'll win. I think

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probably he'll win very substantially, and I think he'll go

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on to defeat a very defective candidate, a candidate that

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believes in six genders and he takes its to Jesus

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Christ and he's wearing a mask six months ago. Where's

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anybody wearing a mask six months ago? Doesn't get it?

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And he's a vegan. Who's a vegan in Texas? And

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you can't get elected as a vegan in Texas.

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Speaker 2: If you talked to Senate leadership on the Republican side

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of bounding will sing it against and I.

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Speaker 5: Did, I did. They'll be all right with it. They

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want to win. I know how to win. Some of

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them don't know how to win. I know how to win.

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I think I've proven that, haven't I.

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Speaker 1: So we'll find out about Texas in I think it's

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the first week of June. What's that the next week?

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Speaker 6: I believe?

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Speaker 1: So it's politics is alive, and well, let me put

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it that way. One of the other top stories today,

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the Department of Justice has gotten an indictment against Raoul

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Castro yep Faddel's brother, who has been the leader. He's

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ninety five years old. He's been the leader of Cuba.

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He has stepped semi aside, but he still is the

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controlling force. He still runs the military. He still tells

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the others what to do, what not to do. And

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it goes back to an incident that took place thirty

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years ago when Bill Clinton was president and there were

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two airplanes with two people in both airplanes, and they

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were flying apparently into Cuban airspace and Cuba shot them down,

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and there was a huge ruckets at the time, but

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nothing happened. Well, today the DOJ has announced this indictment

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against Raoul Castro because he was in charge of the

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military then he still is to somewhat extent today and

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said that they charged him with murder. This is act.

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Let's go back to nineteen ninety six. Here's Bill Clinton

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talking about it. When it happened.

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Speaker 3: The planes posed no credible threat to Cuba's security, although

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the group that operated the planes had entered Cuban airspace

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in the past on other flights. This is no excuse

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for the attack and provides let me emphasize, no legal

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basis under international law for the attack.

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Speaker 1: But nothing we've done other than the President gave a

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firmly awarded statement and everybody went their own direction. Well,

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Francis Soirez, who was the former mayor of Miami, weighed

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in on what happened then and what happened today.

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Speaker 7: I think what's important first is to note that the

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president didn't do anything in response to that attack time

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President Clinton. And so what you're seeing here is a

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case where justice delayed is not justice denied. You have

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President Trump, thirty years after the incident, which occurred in

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nineteen ninety six, finally taking action, finally holding the Cuban

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government accountable, finally holding Raoul Castro, the person who ordered

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the assassination, accountable. And I think that demonstrates the difference

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between President Trump and frankly presidents that are Republican and

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Democrats that have come before him. He's a person of action.

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We've seen it in Venezuela, We've seen it, of course

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in Iran, and we're seeing it now in Cuba. This

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is the final chapter of the Castro dictatorship, which has

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been incredibly repressive, and which has assassinated its political enemies

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and jailed its political enemies O Carli Rissette and of

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course so many thousands of others. And this is the

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first chapter God willing of the freedom of the Cuban people.

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So it's a watershed day. It happens on Cuban Independence Day,

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which I think is incredibly significant. It's not lost on

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the Administration Secretary of Michael Rubio Attorney General, Todd Blanche,

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Jason Redding, King Jung, who is the attorney a US

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Attorney for the Southern District of Florida, Rick Scott, and

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of course Ashley Moody, which will be at the Freedom

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Tower today announcing this indictment.

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Speaker 5: Yeah.

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Speaker 1: So the people, the Cuban exiles, Cuban people, Cuban nationals, Americans,

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given Americans, they're all excited about this. And it ties

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in with President Trump, Venezuela, escapade of Iran, all the

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other things he has talked about, Greenland, I mean, all this,

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and so he's got his eyes on Cuba, and Cuba

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has got to be getting a little bit nervous. They

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don't have they're out of oil. They don't get any

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oil from Venezuela anymore, and Russia has been cut off

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as far as killing them anything. So they have no energy.

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It's black at night, there's no power. I don't know

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how the people are cooking anything. But so a couple

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of days ago, John the CIA director here in the US,

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went to Cuba to meet with the top officials there.

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Here's Francis Suarez again talking about it.

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Speaker 7: It's very clear what came of it because the CIA

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director tweeted about it. He put it on his social

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media He said, do not fall into the same trap

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as Venezuela. It's a very clear message. The strategy of

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the United States has been executed in a very consistent fashion.

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They go after the top while they negotiate. I call

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it the bullnstrict strategy. They get a tighten and tighten

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the pressure around the country in question as they negotiate

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from a stronger position of authority. And then if the

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powers that be don't pay attention, take the presidents will

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and resolve for granted or don't act in conformity with

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at some level the reasonable requests of the United States.

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The United States acts, and they have taken dramatic action,

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actions that have never been done before by any US president.

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We just saw on your show, you know, President Clinton

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clearly saying that what the Cuban government did violated international law.

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These were unarmed planes, they were assassinated, and what are

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the US two? It did nothing? And what's the message

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that it sends to the world that they can do

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whatever they want, BacT with impunity and the US is

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not going to hold them accountable. God has ended under

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this presidency.

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Speaker 1: Well, the people in Miami, especially all of South Florida.

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There's a lot of Cuban Americans there and they are

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excited about the fact that there was a news conference

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and Todd Blanche went down to Miami to make the

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announcement about the indictment against Raoul and the two congress

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people that represent that part of this of Florida, Maria

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Alvirus Salazar and Carlos Hemenez, they're just coming out of

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their shoes. They're so excited.

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Speaker 8: Well, thank you for the opportunity. And I just was

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telling Carlos that that scene that we that you guys

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are broadcasting is my district, is the heart of District

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number twenty seven, the city of Miami, and today is

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a glorious day for our community, my community, Carlos community,

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South Florida, because justice will be done. And do we

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know that being indicted by a federal brand jury is

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very serious stuff. The first thing that I want to

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say is thank you President Trump, because after ten administrations

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Republicans and Democrats, this president has had the courage to

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bring two Americans who were dead on the Florida Straits

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to justice. But not only that, is that Cuba is

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the number one enemy in the Western hemisphere for this country.

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Speaker 9: Oh no, no, going never make the mistake to somehow

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Raoul Castro is far removed from the politics, really, the

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ruling class, the government. Really there's a government inside of

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government in Cuba is GAYSA. GUYSA is a corporation of

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military personnel that's headed by Raoul Castro. Have they ConTroll

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seventy percent of theomy of Cuba. So indicting Roll Castro

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and if we somehow bring him to justice here in

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the United States is a very clear signal from this

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administration that you know, they're not there's a new sheriff

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in town. We're not going to be playing around with

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America's number one threat in our hemisphere, which is Cuba.

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And then we mean business. I mean, you know, Noriega

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found that out, I guess in Panama. Maduro found that

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out a couple of months ago in Venezuela, and things

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are changing there. I would expect that something similar may

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be happening in Cuba. Now, what this does, it gives

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the President of the United States options that he can

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exercise in order to bring about the change that is

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needed not only for the Cuban people but for the

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security of the United States.

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Speaker 8: We did to context for your audience. For your audience,

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let's put into context with the average American viewer. Castro

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and the Cuba regime has been the platform, the launching

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pad for the last sixty years for enemies Russia, China, Iran, Hezbollah, Hamas.

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Nothing good comes from Cuba. Unfortunately, the Cuban people are

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eleven million slaves and this president, President Trump, is the

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one who is recognizing that and doing something about it.

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So and this indictment is just one of many of

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atrocities that the counts have committed. And we are very

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fleasing that is happening today.

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Speaker 1: So they went on to make many points about the

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security of the United States. Apparently Russia has and China

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have listening posts in Cuba that are I don't know

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how much range they have, but they're definitely listening to

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somebody or something here in the United States. Can they

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listen to Miami, probably pretty easily. Can they listen to Washington,

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d C. I don't know. But they also have drones,

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and that's the concern that the people in Miami now

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with all these drones being used in warfare. It's only

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ninety mile from Cuba to Miami, and will Cuba do

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that just to make trouble? So will Raoul Castro. If

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I was him, I would lock my bedroom door at

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night because he might be looking at the same thing.

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You could hear. Carlos Amenez was basically baking. Go get him,

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just like we did Noriega, just like we did Maduro

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Make you'll grab him and put him in a US jail.

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So that's what's going on out of Cuba today. But

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that story is not going to go away. But so

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we're also we're not talking about Iran. We're talking about Cuba,

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and focus over there, look over here, don't look over there.

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But we're going to keep looking over there. And Kirk Leopold,

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who was the commanding officer of the USS COAL when

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it was attacked, was asked about the fact that the

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president keeps talking about maybe a couple of days, couple weeks.

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I don't know. I'm not in a hurry. Will there

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be a military strike in Iran? Yes or no? Here's

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the commander.

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Speaker 4: For forty seven years, Iran has used time to their

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advantage in order to carry out terrorist attacks around the world.

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I think it's a matter of not if, but when

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we are going to unfortunately have to continue combat operations

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because the Iranians are still coming to the table. They

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are fusing to negotiate, they are engaged in information warfare,

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clearly indicating that the IRGC is unwilling to give up power.

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So therefore they're putting the United States in the awkward

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position despite this diplomacy, that we are going to have

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to continue this fight in order to bring them further

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to their knees and make them realize what our redlines

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are and that they must give in to them.

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Speaker 1: Well, he's speaking pretty much like General Jack Keane speaks,

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And the General had this to say last night.

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Speaker 10: Weeks into what we're supposed to be a two week

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deadline to get a deal. The reality is they will

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work very hard and with major acceleration to do what

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to turn that deal around, to reverse it, to cheat

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on it. And the only way you could have to

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make a deal that would have a long term effect

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would be if we were making a deal with other people,

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not these people who are running the regime. So there's

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limitations to the deal itself, and the President is not

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going to make a bad deal here.

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Speaker 4: Back to Commander Leopold, right, now there is no way

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unless we return to combat operations. Clearly, Iran is going

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to use the straight of poor mouse and the chokehold

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that they have on the world's will supply going out

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from the Middle East as a leverage point, and we

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are going to have to engage at some point to

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do that. General King was absolutely correct when you look

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at it, it is going to take Any deal we

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have has got to be verified, verify verified. There is

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no trust the Iranians, and at the end of the day,

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in order to get that straight open, what the last

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few weeks have given us during this time is not

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only the ability to kind of give a little bit

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of crewe rest, get some training in, make sure that

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we can do the maintenance, rearm and refuel. It has

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also given us the opportunity to build out the target

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set that is available to us the Israelis, UAE and

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the Saudi's so that if combat operations recommence, it is

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going to be on a much larger scale. It is

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going to hit them that much harder. And while the

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blockade is being effective, the calculus of the strategic deterrence

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that's going to be enforced to ensure that we bring

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the Iranian economy to its need. We have to start

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hitting some of those key logistics transportation nodes as well

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as their ability to get oil out because they cannot

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be refunded by getting the oil to the world, especially China.

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We're sending a signal in their direction as well.

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Speaker 1: All right, So Commander, we're talking about the various things

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to strike. Keene says they've been using the six weeks

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of cease fire to really study more about where the

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targets are. But also today we sent the navy out

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I believe it, maybe it was the Marines, but they

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went and boarded an Iranian flagged oil tanker who was

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trying to run through the through the blockade, and we

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took over the ship. They landed on it with the

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rope ropes off of a helicopter.

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Speaker 10: Well, we usually don't board a vehicle unless they don't

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abide by our instructors. If they continue to move in

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a direction they want to move as opposed to halt

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or move to an area where we're where we're sequestering

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the ships. Then we bought it and usually it's going

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to be uncontested. We accelling our troops who are doing

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it in our arm. We don't expect to be in

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contact with the people on those ships. There's no Iranian

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gunman on the ship, but we have to as an

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all military situation, we've got to be prepared for the unexpected.

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And what we did there is just take charge of

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that ship and direct them to where we wanted to

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go as opposed to where they want to go. And

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this is the enforcement of the blockade, which has been

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enormously successful, as we've been reporting on now for some weeks, and.

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Speaker 1: The General sounds more convinced than ever that the targets

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that they have now have with a lot more intel

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over the last six weeks, that they're going to be

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doing a lot of hitting new places and destroying things

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in Iran, hopefully to bring down the regime. I don't

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know if you can take down a regime from the air,

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but it will certainly weaken them even more.

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Speaker 10: Back to the General, well, I think what the Iranians

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are attempting to achieve here, I mean we're six weeks

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into a ceasefire that the original deadline was two weeks,

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and I think what the Iranians are trying to achieve

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here is drag these negotiations out as long as they

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possibly can, believing that there will be more political economic

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pressure put on the president, not so much to make

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a deal that he doesn't want to make, but to

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get fed up with this thing and end it where

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it is right now. That's kind of what the Iranians

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are doing here, and I think what he's trying to

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respond to them. Look at I don't feel any pressure.

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I'm not being persuaded by anybody's concerned about political economic pressure.

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I'll take as long as it takes here to make

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a right deal. I do think we're reaching a point

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whether we really can get a deal or not. I mean,

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six weeks. We've had plenty of opportunity even before that

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to talk to these most of these same people, and

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a deal has been quite elusive. In my judgment, I

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don't think they're ever going to put a deal on

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the table that would be acceptable to our president because

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he's not going to take a bad deal. And I think,

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in my judgment, is time to return to full out

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combat operations. Listen, we've been gathering information on the Runians

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for six weeks, and we have increased our capability in

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the region militarily. The Israelis are a full suite of

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munitions and weapons systems, and we are ready to go

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with much better information on targeting. The effects on the

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Runnings are going to be quite devastating. And all the

394
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handwringers out there who are worried about the Runnians firing

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that golf oil and disrupting it continue to disrupt the

396
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straits of the moves don't understand what the impact of

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that military operation will have on their capabilities. I'm not

398
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suggesting it wouldn't be challenges. I'm not suggesting it wouldn't

399
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be the unexpected. That's what war is always about, and

400
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how do you deal with the unexpected? And how do

401
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you have the will to proceed and get to your

402
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final objective. I think the objective from the beginning has

403
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always made sense. Weaken this regime, take away all of

404
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their offensive capability, and no longer predator in the region.

405
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They don't have a ballistic missile program of any consequence,

406
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nor that they have a nuclear capability. They're not supporting

407
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their proxies in the regime. When we're finished, in such

408
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a weakened state economically and militarily that they're vulnerable to

409
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the Iranian people in terms of their resistance, And the

410
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last gesture I would make to the people running the

411
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regime is I'd offer them a free ticket out of there.

412
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Any place they want to go, We'll take them and

413
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see if they take us up on that deal. If not,

414
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they want to stay there and face the Iranian people

415
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and the economic collapse that will be pending, that's certainly

416
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their choice. But we hold all the curds here and

417
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that's the reality of it.

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Speaker 1: Well, he sounds pretty convinced to me, but the history

419
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is again, you don't take a regime down with just airpower.

420
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You got to put boots on the ground, go in.

421
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We did that in Germany, we did it in Japan.

422
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We had to go in and physically take arrest the

423
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leaders of those governments, those enemy governments. And so we'll

424
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see how the turns out. But Jack Keene is chomping

425
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at the bit to get going in politics. Remember Barney Frank,

426
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Congressman Barney Frank, he represented big swarthswathe of Boston and

427
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very very smart guy. But he was a big lefty,

428
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big liberal. I don't even know if you could call

429
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him the liberal compared to the far left of the

430
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Democrat Party today. He wasn't there. He was a lefty,

431
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no question about it. But he was a very bright man.

432
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And he was the first one to come out that

433
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as a gay man voluntarily. Some had been busted, but

434
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he was the first one to admit that he was gay.

435
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And he was the first member of Congress to marry

436
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same sex marriage. Well, he died today at the age

437
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of eighty six, and a lot of people are doing

438
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the remembrance of the fact that he was the leader

439
00:27:00,160 --> 00:27:04,440
in the first gay man and on to marry in Congress.

440
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I look at him from the financial standpoint. He was

441
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the head of the House Financial Services Committee. He and

442
00:27:14,640 --> 00:27:17,960
Chris Dodd, who was a Senator from Connecticut who was

443
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the head of the Senate Finance Committee. They were both

444
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they both had control Democrats that control of the House

445
00:27:24,680 --> 00:27:27,240
and the Senate. They put their heads together and this

446
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was back with one of the financial problems in our country,

447
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and they came up with something called the the Dodd

448
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Frank Bill. I get that backwards every time. The Dodd

449
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Frank Bill. It was a massive change on regulations in

450
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our banking system in this country. It was so massive

451
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the big banks had to go through a lot of

452
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extra expense because of the regulatory requirements, the lawyers and

453
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the accountants that they had to hire in order to

454
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meet the new regulations. Problem that they could afford it.

455
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It cost them a lot of money, but it was heavy.

456
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As good Democrats do, they want to regulate everything to

457
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the nth degree. The problem was it literally put out

458
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of business a lot of community banks because they couldn't

459
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afford all of the compliance costs that it would take

460
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to meet the Dodd Frank Bill. So many years later,

461
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after Barney Frank was out of Congress, Congress changed and

462
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relaxed a lot of those regulatory environments because it was

463
00:28:37,240 --> 00:28:41,079
killing the small banks. And as a result of Dodd Frank,

464
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the big banks got even bigger. So it was a

465
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big change, and that's what I remember Barney Frank about

466
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so very much. Meantime, speaking about banks and the economy,

467
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I've often said that I am much closer watcher of

468
00:29:03,279 --> 00:29:06,599
the bond market than I am the stock market. Stock

469
00:29:06,680 --> 00:29:09,960
market is easy to follow. The bond market takes a

470
00:29:09,960 --> 00:29:13,279
little bit more work, but not much. And what's happened

471
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in the last couple of days is the bond market

472
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has been going down, and that drives interest rates up.

473
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It's the reciprocal. If the bond prices go down, the

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interest rates go up, and bonds have been falling and

475
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falling and falling to the point where the thirty year

476
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treasury bond hit five point one seven percent, which is

477
00:29:36,799 --> 00:29:42,519
the highest interest rate in nineteen years. So that's the

478
00:29:42,640 --> 00:29:47,559
thirty year and the ten year up to four point

479
00:29:47,599 --> 00:29:51,839
six six. Well as the market went today, the market

480
00:29:51,920 --> 00:29:55,240
was not doing well, and the bond market turned around

481
00:29:55,240 --> 00:29:57,160
and said, all right, that's enough, we don't need to

482
00:29:57,359 --> 00:30:00,680
drop bonds anymore. And people started buying bonds at these

483
00:30:00,759 --> 00:30:05,319
higher interest rates, and that drove bond prices up and

484
00:30:05,480 --> 00:30:08,000
interest rates fell a little bit. The thirty year treasury

485
00:30:08,039 --> 00:30:11,240
to they went from five point one seven dropped down

486
00:30:11,279 --> 00:30:15,880
to five point one one that's still extremely high. And

487
00:30:15,920 --> 00:30:19,359
the tenure treasury went from four point six to six

488
00:30:19,480 --> 00:30:22,000
down to four point five to seven. The tenure is

489
00:30:22,039 --> 00:30:26,240
critical because that is what mortgage bankers use to price

490
00:30:26,960 --> 00:30:30,880
their mortgages. No, it's not one for one. I mean

491
00:30:30,920 --> 00:30:33,400
that they used that as their base. They also have

492
00:30:33,480 --> 00:30:36,799
to put in market fluctuations and also a little profit

493
00:30:36,880 --> 00:30:42,319
for them, but the tenure is what's used to price mortgages.

494
00:30:42,920 --> 00:30:47,119
So they're high. Mortgage prices are going to be higher

495
00:30:47,160 --> 00:30:52,960
because of it. So it was the kind of reaction

496
00:30:53,119 --> 00:30:56,559
that well, John Lonsky, who's an economist was up until

497
00:30:56,599 --> 00:31:00,680
recently the chief economist at Moody's out today and was

498
00:31:00,720 --> 00:31:03,200
asked about, what do you think of these bond markets?

499
00:31:03,799 --> 00:31:05,480
Speaker 4: The economy doesn't like this.

500
00:31:05,640 --> 00:31:08,720
Speaker 6: Economic growth does not like to have this current high

501
00:31:08,839 --> 00:31:12,119
level of benchmark treasury yields. I mean, after all, your

502
00:31:12,240 --> 00:31:16,960
private sector loans and bonds are priced off of treasuries. However,

503
00:31:17,079 --> 00:31:21,119
I would not get especially concerned until that ten year

504
00:31:21,200 --> 00:31:28,720
treasury yield rises above five percent. That would really puts night,

505
00:31:28,839 --> 00:31:30,799
you know. And I can't help but say this, but

506
00:31:31,400 --> 00:31:34,039
I have something I call the frightful fives, and that

507
00:31:34,200 --> 00:31:37,319
is the ten year treasure yield above five percent and

508
00:31:37,359 --> 00:31:41,759
the average retail price of gasoline rising from its current

509
00:31:41,799 --> 00:31:45,200
four dollars and sixty five cents per gallon to something

510
00:31:45,200 --> 00:31:48,200
in excess of five dollars per gallon. At that point,

511
00:31:48,240 --> 00:31:51,319
I think we have a strong reason to worry about

512
00:31:51,319 --> 00:31:54,559
the outlook for the US economy. Well, he mentioned gas prices,

513
00:31:54,920 --> 00:31:57,680
So let's go over there. At triple A today, the

514
00:31:57,839 --> 00:32:01,519
average gas price for the nation to cheap stuff. Four

515
00:32:01,559 --> 00:32:06,440
dollars and fifty six cents. That is, as far as

516
00:32:06,519 --> 00:32:09,000
I can see, that's a new record high. That's up

517
00:32:09,359 --> 00:32:10,720
three cents from yesterday.

518
00:32:11,079 --> 00:32:17,519
Speaker 1: It's up seven cents from a week ago. It's up

519
00:32:17,640 --> 00:32:21,440
fifty cents from a month a month ago, so gas

520
00:32:21,480 --> 00:32:24,440
price is going back up. Let's take a look at

521
00:32:24,480 --> 00:32:30,799
the Let me pull up the diesel five dollars sixty

522
00:32:30,960 --> 00:32:35,680
five cents. That is unchanged over the last week over

523
00:32:35,799 --> 00:32:39,400
and same as yesterday. So diesel a little topping out

524
00:32:39,400 --> 00:32:42,640
here at this particular price. You look around the country

525
00:32:43,319 --> 00:32:48,720
and the winner is still California. Six dollars and fifteen

526
00:32:48,839 --> 00:32:54,039
cents for a gallon of gas in California. And the

527
00:32:54,079 --> 00:32:59,920
markets stock market today it was up dramatically on the

528
00:33:00,839 --> 00:33:02,920
on the fact that the bond prices went up and

529
00:33:03,000 --> 00:33:06,480
interest rates went down. The market turned around on that

530
00:33:06,559 --> 00:33:09,880
news and had a big rally, up six hundred and

531
00:33:09,920 --> 00:33:13,680
forty five points back above fifty thousand to now at

532
00:33:13,720 --> 00:33:18,279
fifty thousand and nine. The S and P up seventy nine,

533
00:33:18,720 --> 00:33:22,480
the Nazdack up three hundred and ninety nine. The price

534
00:33:22,480 --> 00:33:25,519
of gold up thirty four dollars to forty five, forty

535
00:33:25,599 --> 00:33:30,759
five and oil. It came down over five dollars today

536
00:33:31,519 --> 00:33:36,960
one barrel of West Texas Intermediate now ninety eight. Round

537
00:33:36,960 --> 00:33:38,960
it to ninety nine dollars, but it's got a nine

538
00:33:39,000 --> 00:33:41,559
in front of it. That made people happy. Ninety nine

539
00:33:41,599 --> 00:33:44,480
dollars for a barrel of Royal. That's it for today.

540
00:33:44,599 --> 00:33:47,079
Thank you for coming by. We will be back again

541
00:33:47,119 --> 00:33:49,079
tomorrow night. Ope to see you then

