War will visit us here on the continent. The world has changed. There is no long term national strategy to deal with anything.
In the Ukraine conflict, maybe the US was sort of exposed as being a little bit incompetent or behind what the Russian military was.
Russia has won. One point eight million Ukrainians in uniform are dead.
Terrible.
Russia will determine what Ukraine looks like beyond the Polish border.
The most heinoused evil type of crime that you could even imagine.
Are we going to admit that our drug problem is here in the United States.
It's a serious conversation that needs to be have.
The average African warlord cares more about the people he leads in Central Africa than most of the senators and congressmen care about us. You may not have a job here anymore. Things are about to change, you know, we went through this before it was called the Civil War.
We're living through the biggest global power shifts since World War II, and most Americans don't even see it yet. Now the rest of the world does. We see nations realigning. Old alliances are cracking. The US is stretched thin in China, Russia, and the global South they're all moving into the vacuum. Now, the question that every investor, every entrepreneur, every family should be asking is what comes next? Because whatever this new world looks like, your wealth, your freedom, and your future
is going to be shaped by it. So today we're going to be joined by somebody who's been warning about this moment long before it hit headlines. I'm talking about Colonel Doug McGregor. He's a career Army officer, military strategist. He's someone who's not afraid to tell the truth, no matter how uncomfortable it is. We're going to talk about NATO Ukraine. We're going to talk about Venezuela, China, the
collapse of American influence. We'll talk about the global power realignment that's already underway, and most importantly, what it means for you. So let's get into it. Colonel, you've openly talked about the US being financially exhausted right now, right now, you know, thirty eight trillion dollars in debt and rising, rising global commitments. What typically happens when an empire expands while it's balance sheet collapses, Well.
Eventually catastrophe, but in the short run, and we're still not yet. In the long run, we're getting there, but we're not there yet. I think we have to understand that our problems really began with the Vietnam War. A lot of people don't understand that Lyndon Johnson actually bankrupted the country the cost of the Vietnam War along with his social programs, but primarily the war essentially bankrupted the country. And so on fifteen August nineteen seventy one, Richard Nixon
discarded the gold standard. Now some people will say, well, why, well, you discarded it because he couldn't pay for anything. We have to remember that historically, if you wanted to do something, you know, if Washington wanted to spend, they had to tax the American people. There was a limit. But after nineteen seventy one and the abandonment of the gold standard, there was no limit. You needed money, you simply printed it.
And as a result, over a long period of time, they printed away our savings, our income, everything, our heritage, our standard of living. They didn't print wealth. What they printed for themselves was power. So the printing press for dollars is essentially the mother of unending war. You know, for two trillion dollars in Afghanistan over twenty years and four presidents. We replaced the Taliban with the Taliban and there's no accountability.
Why yeah, well.
It didn't matter to the average American. You know, if the government had to tax us directly to bomb countries that most of us can't even find on a map, then there would be a revolution or rebellion. But because they could print, war was invisible. You know. The printing press also is the foundation for endless bureaucracy. When money is infinite, you can hire armies of bureaucrats. You can take seventy thousand pages of federal code and turn them
into two hundred thousand. The printing press is also the source of uncontrolled immigration. They tell you it's about compassion, it isn't. It is a wage suppression operation. Why pay an American a living wage when you can import a replacement from some other place in the world Latin America, Africa, the Middle East, the Indian subcontinent for half the price. So what's the result. Millions of people fled into the
United States, not necessarily people we really need or necessarily want. Certainly, not necessarily people that are remotely interested in becoming Americans or even can be. But we drive down the cost of American labor, while Washington prints money to drive up the price of their assets. So we don't have a border crisis. What we have is an economic weapon that's deployed against us. And printing money without constraint is also the mother of endless outsourcing. Fake money allows them to
ship factories overseas. Behind those closed doors lie rusted towns, broken families, an opioid epidemic that kills more than three hundred thousand people a year, a lot more than died in Vietnam. So I think we're heading into the currency debasement problem now. And of course this then elevates something like bitcoin to considerable importance, because we clearly cannot go
back to a pure gold standard. It would be nice, but I don't think there's enough gold left in the United States, maybe not even in the world to do it. I mean, you stop and think that in the last twenty two months, we've printed thirty percent of all the dollars that have ever existed. Now, that's an enormous, enormous quantity of dollars. And the President smiles and says, Oh, everything's just fun, everything's getting better. All the presidents have
done that. It doesn't matter if you're a Democrat or Republican. And they say, well, this is capitalism, this is a free market. No, it's not. Capitalism requires competition, periodic failure, or creative destruction. So in this current environment, given the ability to sort of inject liquidity whatever you like, or quantitative easy and call it what you will, when big business fails, Washington prints money to bail it out. Now that assumes that if you're in big business, you have
the right friends in Washington. And if you aren't big business and you don't have friends in Washington, you're foreclosed. So I think that's a good way to look at the problem that we have right now. And there's no easy way out, and nobody wants to default because that could have profound consequences. So what do we do. We continue to print, and we have a very elaborate game
involving balance sheets and bonds and T bills. And now the stable coin business is another scam in my judgment, it's not bitcoin, And why would anybody want to invest in stable coin? If each coin is worth one dollar, We'll forget it. Let's all buy bitcoin, forget stable coin. Right. Anyway, I think those things are coming together. These forces are converging. Now. The other part of this is, in addition to running out of wealth, which is effectively where we are we
don't produce anything. What do we manufacture. We manufacture some military equipment, but much beyond it. No, our manufacturing base was driven out of the country. So we're trying to restart that. But that's not something you snap your fingers and change. It's going to take a long time. What have we done in the energy industry? What have we done for agriculture? Those two things used to be pillars in the high church of productivity and wealth in the
United States. We're not getting nearly out of energy or out of the agrarian sector. In my judgment, what we need there needs to be a focus on that. You know, just look at mining. We talk about mineral wealth, and we're worried about rare earth. Now, we found some rare earths deposits up at Alaska. But I've got news for you. There's rare earth all over Canada. There's rare earth in the United States, but we haven't bothered to do anything with it. Why well, it wasn't to financially rewarding. It
was cheaper, faster, better to go somewhere else. And the worst part is we don't even have a refinery for the stuff. So where do we send our rare earth to be refined? Times up China, you know, so it goes to China or you know, Kazakhstan. I don't know if Mongolia has an operating refinery right now, but we haven't built one. You know, we need to build one. It's crazy. And we have friends that are sitting on enormous rare earth deposits that nobody ever bothers to mention.
Norway has perhaps the large just rarest department in all of Europe. So I think we've just got problems in Washington because there is no long term national strategy to deal with anything. There's no long term national strategy for military purposes, none for scientific industrial development, none for mineral wealth and extraction, none for agriculture, none for energy. Everything is ad hoc, last minute, a short term. And that's not surprising because every four years, what do we do
in Washington? Every four or eight it depends on how long the president lasts. Well, we lobotomize the government. We say, oh, well, everything they did was wrong. Now we're going to do all of these things. Well, it doesn't really change the country. The country remains the same thing, but there is no framework for development, no framework for improvement. So I think at this point, I think we're on the road to what Nasam Talent calls the perhaps the mother of all black swans.
Well, that's a really good frame, and it all kind of starts with your case for sound money, which I thought was really well put. The interesting historical fact is that the first central bank that was created was the Bank of England in the late sixteen hundreds. That was created specifically so they'd have more money to continue to fight wars. So it was started so they could print money so they could just keep these never ending wars going.
And that's what we've seen, and you mentioned, you know, spending two trillion dollars in Afghanistan. So while the US government certainly has the power of the money printer and can continue to print essentially at this point endless amounts of money to fight these wars. The symptom of that, as you mentioned, then it also requires sort of maybe hollowing out the manufacturing base, which I think brings to
maybe a more crucial point. You're talking about not being able to refine our own rare earth elements and things like that. So currently, right now the US has this massive amount of debt. The money printer is still working at this point, it's having diminishing returns. But maybe the real crux or maybe pain point that we have right now being able to sort of project power globally is not just in the money or the debt that we have, but the ability to even fight a war, to even
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Well, I think you're you know your British analogy is Merit's closer attention because you're right. They created the Bank of England for those purposes. It was also the strategic engine in many ways, at least in monetary terms, for the founding and expansion of the British Empire. But having said that, Britain did recognize limits and constraints and they
operated within these limits and constraints. They understood the criticality of gold backing their currency, and so they were able to be part of various alliances and coalitions that defeated various enemies, whether it was Louis the fourteenth or Napoleon Buonaparte, and they were able to do it without enormous loss
of life and without fielding enormous forces. The large forces that did most of the fighting were always continental, largely German speaking and Russian speaking armies, connected with some others on the periphery, but those are the main ones to defeat these French forces. That changes in nineteen fourteen and a very very bad decision is made, and that decision was to intervene in the First World War, something for which the British were not prepared and could not sustain.
And by nineteen seventeen it was pretty obvious to anybody looking at the facts on the ground that France and Britain were losing, and so the pressure for the bankers was enormous for us to come into the war ultimately bail out the French and British imperialists. So we ended up doing that and had terrible consequences for US because we destroyed Europe and we eliminated the major powers in
Central East Europe that held the European civilization together. Wherever we have intervened historically, we have distorted the natural dynamic forces in the area, which ultimately determined how people would be governed and how people would live. And that's been disastrous because we are, much like Great Britain, ultimately a maritime and aerospace power. We are not a continental military
power anywheres but in the Western hemisphere. So like the British, we've never had a requirement for a very large army, and having to field large armies, especially during and after World War Two, was an expense for which we weren't prepared and we had to sustain this all through the Cold War, which was frankly not a good thing. I mean, people don't realize how much of our wealth was squandered on containing the Soviet Union. So here we sit at
the end of this whole process. In nineteen ninety one, we saw ourselves as having quote unquote won the Cold War. In reality, the Soviet structure simply collapsed. It didn't make any sense. State socialism was a disaster. There was an opportunity then to do a lot of things. It made sense. The first was to get out of NATO, or at least set NATO up to operate without us. You know, NATO is kind of like I'm sure some of you
have contracts with ADT. This is a nationwide security service that cuts to your phone and wires your doors, your windows, and then you have an alarm system. Well, NATO has been the ADT analog for Europeans now for what almost seventy sixty five years, and they've never had to pay for it. Yeah, that's the problem. They said, Oh, well, that's not true. We put money here in here. Let me tell you it's a pittance. I served most of my military career in Europe. I lived over there for
ten years. The school there served there twice three times actually twice in Germany and then once in Belgium. We provided free of charge ADT for the Europeans, and oh, by the way, we've provided ADT free of charge for Japan and to a lesser extent, Korea. The Koreans did join US in Vietnam tried to reduce the burden on US there, but not Japan. Japan's national strategy has been to extract as much wealth as possible from us and get a defense for it without paying for any of it.
And it's worked. So what Donald Trump has been saying is now saying publicly this needs to end. And of course, you know you're dealing with countries es actually in Europe that have been spoiled, rotten like children, and they don't want us to leave. They want us to continue to pay for everything and protect them for nothing. Now, there are a lot of people in Washington that don't like it, because in Washington everything is mortgaged to vanity as well
as money. That means everybody likes the fact that we have US forces all over the world. People like to stand up and talk talk, and even President Trump does this, which is really annoying. Frankly, we have the greatest armed forces in the world. Nobody can stand against us. Well, if you're like the British before World War One, and you skillfully avoid fighting anybody who can really fight back,
you look pretty good. And Britain looked pretty good in nineteen fourteen until it faced the Imperial German Army and the rest is history. Same thing happened again in World War Two. So your point is accurate. We're really not organized, trained, equipped, and ready, if structured, to go after anybody who is a near peer opponent if you will, or appear opponent.
And I hope people begin to understand that. And the answer to that is not to pour money into the old structure and the old defense establishment because we need a new one. It's to cut back on spending defense spending, figure out what it is that we need, and then build that, and then steer a different course in foreign policy. And that course is war avoidance. You mentioned that in Washington and people look at you and say, what conflict avoidance will Why? Yeah, because war will visit us here
on the continent. It's not what it was. The world has changed. The technologies we once enjoyed a monopoly over have now proliferated. War is dangerous. The last president who really understood that was Eisenhower, and he understood that World War II is no great march to victory without massive, massive loss of life. And you know, this disruption of
our way of life. So you know, you put together the end of the fat system, which I think is staring us in the face or it's collapsed, together with this giant force it's not really the force we need for the future. It happens to be the force that we've used for the past fifty sixty years to pulverize anybody we didn't like and bullied people into submission. How
do we rectify this? And that's where you come into a discussion of where do we go from here financially And I don't really feel competent to discuss that in detail, but I think bitcoin fits into that because the fat system is not going to survive, not in its current form.
You talk about when you talked about the British army looks strong until they met the German army, and sort of the US is sort of looks strong if you look at it, and I think, you know, I've heard many of your interviews talking about this sort of the US was sort of put on a global stage, well two times maybe, So if you have heard of like the generations of warfare, maybe the third generation of warfare was like the industrial armies of like World War One
and World War two. Fourth generations sort of being maybe starting in Vietnam, more of like a guerrilla type warfare. And so if you look at like from Vietnam, Ford, I mean, how many of these wars have been have we been winning from the US side? But then maybe more specifically in the Ukraine conflict, maybe the US was sort of exposed as being a little bit incompetent or behind maybe what the Russian military was.
Oh, I think it has been. It's been very much exposed. Now how profoundly has that affected our standing in the world. It'll take time to sort that out. The quickest way to demonstrate, you know, the weakness of the United States strategically would be to disable or sink an aircraft carrier. People don't realize the enormous impact of the loss of
the Prince of Wales. It's giant British battleship that it had been sent along with a cruiser by Churchill to Singapore in nineteen forty two, and at the time the admirals told Churchill, don't do this, they're at risk. And he said, what do you mean they're at risk? These are the greatest warships in the world, said, ye know, but they don't have any air cover and their air
defenses on board the vessels are inadequate. And he said, nonsense. Well, we know what happened The Japanese found it, they flew out to it and they sank it. That was the beginning of the end of the British Empire. And then subsequently we have the defeat at Singapore, which pretty much nailed the coffin shut. So those kinds of events matter. We haven't really experienced that yet, but it doesn't mean we could very easily and very suddenly. One example I think,
of course, of the Hoodies. Look at the success the Hoodies had against the United States Navy in the Red Sea. Well, was that the fault of the sailors on the ships that they weren't able to avoid being struck and they weren't able to damage fatally the Hoodies, No, of course not. And the wrong vessels doing the wrong things for the wrong reasons, with the wrong weapons systems. This is years
and years of negligence. It's also years and years of continuing to buy the same things and spending money on the same things that we always have because that makes people inside the belt Way wealthy, that makes the donors happy, it creates money. It doesn't help us in defense, which is why spending more money for defense is not an answer. It matters how you spend it and on what you spend, right, it also matters the quality of the soldier, sailors, airminham
marines that you have the quality of discipline and leadership. So, you know, I think your question is a valid one, and I would say, yes, we have been exposed to some extent, and I don't see any evidence that we are seriously examining what has been exposed. I really don't.
I don't think the majority of the people I talked to has still all sorts of fantasies about what is really happening on the ground in eastern Ukraine and what isn't complete failure to understand what the Russians have really done. And I think it's unfortunate, but there's not much that
we could do about. It's very, very hard to take a power with the kinds of armed forces we have and persuade the people that lead it to pay attention to reality on the ground, especially if that reality is so radically different for what they imagine.
Yeah, Unfortunately, in life, sometimes you have to take a loss or hit rock bottom before you change direction, and certainly we hope it doesn't come to that point. But kind of talking about the Russia Ukraine, conflict. You said that the conflict is essentially over, but maybe just not officially. Now there are some terms of a treaty that have been proposed. It looks like that's coming to a head. But you said it is essentially over, just we haven't really Reality hasn't caught up to that.
Well. The opportunity to have influenced this positively in a way that would have led to peace and stability was lost a long time go because the people in Washington, London, Paris, Berlin, the globalists that are ruling us weren't really interested in peace. The problem that President Trump has is I think he is, but he doesn't control Congress, and Congress has no interest in peace. The Senate and the House are happy if we continue to spend wastefully on what's happening in Ukraine,
as are the people in Western Europe. Now, the reason in Europe's a little different. I think the Europeans still delude themselves into believing that they can harm Russia, but the sanctions haven't really had the desired impact. Whatever impact they had was rapidly balanced out by other actions, and we found that most countries, in most cases can find a way around sanctions, so that's not really our interest anymore.
I think the President Trump really would like to normalize relations with Russia and be on a better footing, sure footing with the Russians than we are. I just don't
know that he can make it happen. And if you look at these twenty eight points, I think somebody pointed out to me recently, well, if you want to read the twenty eight points that have now been reduced to nineteen that are probably going to become ten, you need to go to the men's room in the Kremlin and look at the current version on the wall, because it's meaningless. Russia has won. Russia will determine what Ukraine looks like, what Eastern Europe looks like beyond the Polish border. That's
a foregone conclusion. The Russians have no interest in conquering Eastern Europe, never have. They don't even want to move much beyond where they are right now. They want to get on with business as usual. They would like, I think, to have good relations with us for the same reason we would like have good relations with them. But again, President Trump had the opportunity after he took over to say, look, I didn't start this. I don't like it. I don't see any value in it, and I'm going to end it.
And the only way for this to end is if I in Washington pull the plug. I halt the flow of funds and equipment to Ukraine. This will compel the Europeans and the Ukrainians in Kiev to reach some sort of deal, because as long as we continue to support them, they are simply not incentivized for peace. And they don't care how many millions of people that are killed, you know, one point eight million Ukrainians. It's about the latest number
I've gotten. One point eight million Ukrainians in uniform are dead, terrible, and we don't care. You know, we don't care. Yeah, I don't see any evidence to anybody on the hill gives a damn.
Yeah.
In fact, I've begun to think that the average African warlord cares more about the people he leads in Central Africa than most of the Senators and congressmen care about US Americans, let alone the Ukrainians.
Yeah, they're so detached from it. But I think it has seemed like Trump has tried to pull the plug, as you said, But your point, maybe the neo cons and the warmongers in Congress keep pushing forward on that.
But what we haven't stopped the money, right, We haven't stopped the intelligence, surveillance, reconnaissance information that is vital and essential to anything that the Ukrainians want to do. Haven't done that. We haven't holded all the equipment, although the equipment that's promised that the Europeans are now being expected to pay for probably won't arrive for two or three years.
Is some of that maybe just to keep a little bit of pressure on to get Putin to tell us what his terms are going to be to reach that peace agreement.
He's already done that. He's troubles his terms for three plus years. Okay, it's not a secret, don't There's no pressure on Putin anymore? Yeah? None. There might have been two or three years ago because at that point the Russian military was much smaller. They hadn't yet geared up, their manufacturing base was not running at full speed. Right now, Russia is mobilized for war, and if they're pushed by the stupidly billlobilized for total war. And I'll tell you
that Putin is right. A war between our European allives and the Russians would end very quickly, and it wouldn't end well for the Europeans. Again, it takes at least ten years just to build an army.
You know, a lot of this then hinges on NATO. You're mentioning Russia and the Europeans. You talked about, you know, for a long time, the US footing the bill for NATO. Trump has been very vocal about getting every country to pay their fair share. They haven't lately. Just in the last couple of weeks, I've been seeing this increasing rhetoric around the US leaving NATO, but not for the reasons that we typically would think about. It's not so much about hey, it's a relic of the Cold War. Hey
they're not paying their fair share now. It's like we don't even share a ligne values with any of these countries any longer. So that seems to be the rhetoric I'm seeing popping up. Curious your take on that. Every day we see headlines about inflation and dead and diminishing control over our own money. That's why I always come back to bitcoin, because it's built for generation, it is built for legacy. But protecting your bitcoin legacy the right
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Well, First of all, all of the problems that President Trump points to with regard to the massive impact of migrants that have flooded in from Africa, the Middle East, the Indian subcontinent, and so forth, we have it too.
Yeah, of course, we have.
The same thing here. Who's he kidding? He needs to stop. And I mean, if you live in a glass house and we are in one, it's probably not a good idea to hurl those stuff.
Well, he's been calling out dearborn Michigan. He's been calling out the Somalis in Minnesota as well.
Yeah, of course, but what are we going to do about it?
Right?
And see the Europeans, they're in a it's an existential question for them. One out of every five adults in France is a Muslim. Now that means he's a Muslim from Africa or the Middle East, and all probability, all right, and you do the math, look at the birth rooms. So either they find a way to expel these people or that's the end of France and French speaking civilization and culture is one of the foundations of the West.
It could go away. Don't kids yourself that Italy is not in the greatest shape it's not as bad as France. Germany has its own set of problems. Once again, not quite as bad as friends. What he is saying to them is something that we need to come to terms with. If you want to survive, you've got to defend yourselves, and you need to defend yourselves internally, determine what you will and won't tolerate. Look, he's you know you mentioned dearborn.
Let's talk about Chicago and Governor Pritzker in Michigan, who effectively says that ICE is a terrorist organization, that he's openly rebelling against the federal government. And you know, we went through this before it was called the Civil War. I thought we settled that question. But this, this is not a good thing. This is destructive to the body politic. This is very serious threat to national cohesion. And President Trump needs to focus there, which is why I have
argued for a long time. Get the troops out, bring them home, get them back into the United States. You know, let's let's ratchet down the operational tempo. You know, these just imagine these poor bastards that were over in the Mediterranean, in the Navy. They were over there for a few months. Now they've sailed down to the Caribbean and there's there's sort of sitting around sailing there. You know, this wears
you out. You know, these are human beings. They have to perform, they have to operate the systems, they have to make it all work. We seem to have lost touch with these things. But here they sit and no decision seems to have been made. And I still haven't figured out what we expect to accomplish in Venezuela. Again, are we going to admit that our drug problem is here in the United States.
Yeah, that's a good way to put it.
You can the hell out of Venezuela, Colombia, Mexico and anything you want. What are you doing about it here?
I heard someone say it's like, you know, these other countries, whether it's China with their fentanyl or Venezuela, whatever country you want to put onto it, like their job sort of is to destabilize us. Our job is to not be destabilized.
Like, no, you're you're exactly right. And I don't think first of all, China and people do. I don't know how much time you spend in Northeast Asia, but very few Americans understand Asia it bears no resemblance to our world. They could just as easily be on a different planet. That's how different Asia is from the United States and the West. The Chinese have no interest in a war with us under any and all sort of says. They
don't want a war with anybody. If the Chinese live in fear of something, I think they live in fear that the Imperial Japanese Army and Navy will come back. I don't think they fear us militarily now. They are prudent people, and we have made it very clear that if we choose to do so, we can block all of China's ports. We've threatened those things in the past. We have been very, very aggressive towards China militarily. So the Chinese have invested heavily in this One Belt one Road.
And what is One Belt one Road. It's a Eurasian network of transportation and communication that the United States Navy can't distrust. Right, They've done what they can to protect themselves against the things that we might do to them. I don't think President Trump wants anything to do with the war against China, and I think privately he's figured out if you tried to defend Taiwan against a determined attack by the Chinese. You're going to lose, right, that's
six thousand miles from the United States. This was the problem with going to Ukraine. Where is Ukraine? It's on Russia's doorstep. Who are we kidding? That's a war they can't lose. That's like saying, well, the Russians and the Chinese are going to jointly develop a Mexican military establishment designed to invade the United States and retake the lost territories from the Mexican War in eighteen forty six. Yeah, good luck, we could crush that quickly. They're not stupid.
So you know, there's an awful lot of irrational behavior. There's too much emotion, not enough thinking, and not enough honesty about what the hell are problems are.
Doesn't it look like there's been a renewed push maybe for this if you call it the Monroe doctrine, but sort of it seems like Trump has been saying, Okay, we're done being over all over the world, done in the East in China, and let's just focus on the northern hemisphere.
No, he didn't say northern, he said western.
Okay, sorry, that yeah, that's what talk is.
Cheap bart sounds great, Let's see what happens. That's my first remark. Come awful lot of hot air in Washington about doing things or not doing things, and I've been listening to it for decades, So I think, you know, these are great ideas. Let's see some implementation. Sure, there's nothing in that National Security Strategy that talks about implementation. There is no framework for action. They're just assertions. This is the way I feel. I don't think we should
be there. Great, I don't think we should be there either. Okay, so now what you know? This is the so what now? What the now? What is missing? And I think that's what we need desperately. Now maybe he'll provide that, but I haven't seen it.
It goes back to how you opened up and about you know, now whatever fifty sixty years of endless money printing and what all the consequences of that, one of which you pointed out very correctly, which is this massive expansion of the bureaucracy inside the government and all of that, and so you kind of get to this point where we're at now. It's like, you know, the government's not a monolith, so It's like, there could certainly be many people who would be happy to sort of withdraw back
to the Western hemisphere. But to your point, you know, we got the neocons, the warmongers, you have the bureaucracy, and so I'm guessing it's much harder than it sounds, right, easier said than done sort of thing.
Well, I'm not sure that you can do it with the current government that we've got. And remember that you do have a number of forces inside the government, in the court system, on the hill, inside the federal bureaucracy, who are going to fight you to the death because you are potentially telling them you may not have a job here anymore. Things are about to change, Our policies are about to change. Yeah, it's like you get into a discussion about illegal immigration. Oh, I don't think we
should have borders. Everyone who wants to come here should be allowed to come here.
Okay, great, yeah.
And we all know that's not going to work. But then you say, well, wait a minute, why can't we hire Americans to do these jobs? Oh, Americans don't want to do that. Well, you know, I have two sons, and when they were growing up, they went to work. You know, where they worked. They worked at a large food produce store, something like Giant Orter, and they stacked vegetables and they recovered carts. They did all the things
that Americans don't want to do. You know, that's nonsense. Secondly, one of them went into it, you know, and he did very well. And he worked in a company where he was one of three or four Americans in a company of four hundred people from India. And he came back to me and he said, you know, Dad, we don't have to bring in these Indians. There are Americans who will do these jobs. But he says, you've got to pay them a living wage. Right, these people are
brought over here, they're paid nothing. They're treated badly by their own people. He said, it's awful. He didn't like it at all. And he said, these are not bad people. But he said, I can go out this afternoon and find ten Americans for twenty or thirty foreigners, and they'll do the soft software work, the coating. If we're engineering all of that extremely well. We have a lot of schools now that have set up excellent training courses to train Americas to do these things. Yeah, so we got
to get out of this. Well, if you say that you're a racist, if you say that you're this, you know, I'm so tired of hearing people called Nazis, communists, racists, whatever, bigots. These people don't know what they're talking about.
Yeah, I think I think it's two part, and you're absolutely right. But the second part of that is that when you're paying people fifty sixty thousand dollars a year to sit at home and do nothing, they also don't want to go do that job. Why would I want to go stack produce for fifteen twenty bucks an hour when I can just make thirty forty bucks an hour
doing nothing. And then with the immigration then, you know, is something like sixty I hate I want to be fact checked it on my own show, but it was something like sixty five percent of illegal immigrants were like on welfare.
Yeah, well, that's that's because we don't even have control of the social security system. Remember when Elon Musk went there with his team and then he was castigated and attacked by everybody for turning up the truth. Yeah, you know that what you had twenty million, thirty million, forty million people receiving benefits that didn't even.
Exist, and I looked like, so we have immigration rules that have I mean, and our founding fathers talked about the dangers of bringing in too many immigrants at one time that couldn't assimilate, so that we've been talking about this since the founding of the country. And currently there's a rule I believe it's only six hundred and fifty thousand immigrants per year, and over the last five years we've doubled that legally and then illegally it's, you know whatever, it's ten to fifteen million.
On top of that, Well, here's here's a factoid for you. And I'm trying to find the book here because I've found it so useful. I've learned so much about it. It's about the growth of the United States. It explains our climb to economic power, and it points out that our greatest leap economically as a scientific industrial power occurred between nineteen twenty four and nineteen seventy. And the author points out that from nineteen twenty four until the nineteen fifties,
we had no immigration none. However, we did have a law on the books, and it was called the Exceptional Skills Act, and that law said that if the individual who wants to come into the country, has skills and abilities that we can utilize, it can be a benefit to the American society, then that person could be admitted. That's how we cut Einstein. I mean, if you start going down the list of the people that did come in, they were superstars, they were wonderful. And then immigration starts
to pick up again. But then in nineteen sixty five we changed the laws. We threw a lot of things out, we opened the floodgates. It didn't really affect us until the nineteen eighties. Frankly, I remember that Ronald Reagan then issued amnesty to all of the people from Latin America that were here illegally. And they said, well, that'll solve the problem. Nobody'll come anymore.
Right.
That's when it's spiked, Right, so you know, the immigration thing is not what it appears to be. And now if all of the projections and predictions for AI are accurate, then the last thing you need are people coming into this country that don't read and write, even in their own languages. People that are not skilled, people are not well educated. Somebody said, well, you just don't like Mexicans.
I said, no, I'll stand on the border and invite every Mexican into the United States that has a degree and applied mathematics you know, science, technology, engineering, mathematics by the way, and preferably speaks English. They said, well, that's unreasonable. No, it isn't. More people in China speak English than inside the United States.
What Yah. Wow, that's a shocking.
More people in China could speak English than speak English here. That's if you have three hundred and fifty million and you assume that everybody speaks English, there are more Chinese that speak English than we have living in the United States. Wow.
People, that's a shocking statistic.
I think there's there's no excuse for not speaking English anymore. We could, we could set that standard.
The world has, you know, and probably social media as I'm sure very uh partly or massively to blame for this, But we've lost the ability to have even to civil discourse, but more specifically like nuance where it's like I can be one hundred percent pro immigration, that could be one hundred percent promegration, but not want to bring everybody like we get to separate those two things.
Well, I think I understand your point, but I think we're beyond that now I think things are going to get ugly. Yeah, and again it's back to the economy, right, you know, we've hollowed out the economy. Now now we're talking about AI and people are saying already that A is going to cause massive layoffs. I've seen predictions for the coming year. Well, if that's true, we really have to sit down and very carefully scrutinize who is here.
We think there are fifty two million people inside the United States who were not born here, and of that number, we may have thirty plus million that are illegal. Right, Well, if we're looking at this AI avalanche, it's going to fall on everybody and it's going to eliminate jobs. What are we doing in immigration?
It's a serious conversation that needs to be had. I want to jump back a little bit more. We'll stick in the Western hemisphere topic you've been talking about quite quite a bit lately, and I'm pretty interested in. You know, hopefully we've talked about the rust of Ukraine thing, and to your point, it's already been resolved, we just don't know it yet. But now we have this situation going
on in Venezuela. You know, there's a lot of attack going on with Trump and Hegsath because you know they're bombing the narco boats and what's your take on what's going on? Why are we involved in trying to take out drug boats? There? Is it more than just drugs in your opinion.
I don't think the drug business has much to do with it. You can certainly make an argument that the banks in Venezuela have helped to launder money involved in the drug trade, but then again, you could make that argument about Hong Kong, Grand Cayman. I think this has more to do with, frankly, resources, especially when you look at oil, gas, gold mines, emerald minds, rare earths, and
so forth. I do think there are people in Washington that truly believe that if we can install a puppet government down there that will be responsive to us, that we can then gain undisrupted, uninterrupted access to all of those resources, and that those resources could even be collateralized and perhaps help to offset this tremendous debt problem that plagues us. I'm not sure how you do that. I
haven't figured it out. And the other thing is that even if you were able to get in there and put a government in that you say is friendly to you. It's Missus Moschado or whomever else. How do you stop the people that decide they don't like you and don't want you and start to blow up your oil rigs, who throw explosives into you know, mines. The country's enormous. It's the size of Germany, Austria, France combined. The population, depending upon which source you go to, is twenty eight
point five million to thirty million. I mean, this is enormous. It has one thousand, three hundred and eighty mile border with Colombia, a one thousand three hundred mile border roughly with Brazil if you go in there. The Colombians have already said that they'll support the Venezuelas against us, even though they don't like the Venezuelans. They have real conflicts
the Brazilians. They they have perhaps fifty to one hundred thousand paramilitaries that they can send across the border from Brazil. I mean, we want to turn this into some sort of Latin American crusade against the evil Yankees who are back trying to exploit us. I mean, I think that's a bad idea. I don't see this being necessary or good, but again, another reason that's given. We have to show those Chinese and Russians we're in charge and they need
to get out of Venezuela. Okay, good luck with that. Let's assume that you can do that. What's going to prevent them from coming back. You know, five years from now or ten years from now. We do live on a planet that is increasingly globalized. Trade is globalized, commercial activity is globalized. We're all doing business. Surely there's a way to resolve some of this tension. You mentioned the Monroe doctrine. I'm glad you did, because everybody's been taught
for years how important this is. When President Monroe mentioned that, everybody nodded and thought this was interesting. But at the time when he was president, everybody knew we had no army. We had great little navy. It was no way for us to enforce any of it. The first time it comes up for serious discussion, believe it or not, is in the nineteen twenties, and people said, well, we've got to be sure that our hemisphere is free of infiltrators.
That could be anarchists, communists, socialists, later on fascists and so forth. But it never had that much teeth, and I think we're deluding ourselves. I don't think we can wall off South America or Central America from everybody who's not any Western hemisphere.
What about you know, General Mike Flynn has been talking about color revolution happening inside the United States. We see there's the Seditious Six that are telling the military that could stand down and not you disobey unconstitutional orders. So we see these things going on. You talked about Pritzer saying ICE is A is a terrorist organization. So this
so this idea that Mike Flynn is talking about. General Flynn is talking about with this Color Revolution, and there's a lot of people talking about how Venezuela is it's not about the resources there, it's really about their role in this deep state, in this CI black ops. We
have this l POYO. You know, there's a couple people who have now come from Venezuela that are giving the US intel on this, and it seems that maybe this is an attack on resource, it's more about an attack on that deep state kind of shutting down this insurrection. Have you seen that? Do you think there's any you know, smoke fire there. Governments will never stop printing money, so inflation it's not going away.
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Well, I'm familiar with the allegation that Dominius software was developed under Hugo's Chabez for his purposes, and that it was used in the United States allegedly to rig the last election or the next to last election for the presidency against Trump. I don't know. I mean, that could be the case. I just don't know very much about it. I do know that there was a lot of irregularity and there still is in the system in the United States.
I think voting integrity is a huge issue, a very, very difficult thing to deal with, and I don't think it was solved this last time around. Beyond that, I don't know now as far as the six senators and congressmen, whatever they were, you know, that was a shameless attempt to undermine the authority of the commander in chief, the president of the United States. That's all. You don't have to follow an order, Well, I've got news for you. If you're in the regular armed forces of the United States,
you damn wellware and have to follow the order. Now illegal, Well, what illegal order are you being issued? I did not have illegal orders issued to me. Well, I was on active duty for twenty eight years. However, I did see a case of an illegal order that was favorably resolved. But it's a very difficult proposition. Now what they were talking about should be divorced from what we now know
about these drug boats. First of all, if you follow our own law of war, in our own national law, we should not be destroying these boats in international orders. Somebody sent me an email and said, well, there's no flag on it. If there's no flag, it's free game. You can blow them up. No, you cannot. We are not under our own laws. We're not even talking about the wooden closed to the law of the sea. I'm
talking about American law. You do not have the right in the United States Navy or Coastguard to simply see a vessel and say, well, it's not flying a flag, so we can blow it up. Now, under certain circumstances, you can board it and inspect it. And one of the things that we have not seen since this got underwagh is any attempt to stop board and inspect. And
I'm very suspicious of that. You know, this take no prisoner's approach, which is allegedly what happened kill the remaining two that are alive strikes me as an attempt to ensure no one can survive and explain who or what they are. And you know, I don't know if you know this or not, but in war as well as in peace time, you always want to capture people. That's how you find things out. So at I been there, my concern was absolutely, rescue these people. Let's find out
who they are, where did they come from? And you can do that. But I'm beginning to think that people don't want to find out that particular truth because we know historically if you go to the DEA's website, look at Venezuela, Mexico, these other places, less than four percent of the illegal drugs that do come out of Venezuela come to the United States. Whatever does, for the most part, goes to Africa and Europe. Now I'm not saying that's a good thing. We don't care about the rest of it.
But if you compare the fentanyl influx into the United States it comes out of Mexico, it's nothing. And quite recently there was a raid up on Port City called Traverse Port City in Michigan. They found three point eight tons of drugs, most of it was fentanyl. It had come in through Michigan from the Great Lakes, from the Sinaloa cartel in Mexico. Now, this was a brilliant operation. People should look into it, the federal marshals, the local police ever. I mean, it was a great operation. We
were successful. But my point is that's where we need to focus, not in Venezuela. Bombing Venezuela, I would argue, bombing Mexico is not going to help us deal with this drug prom Sealing off the border, keeping people out, and by the way, we have a huge problem at the legal crossing points because we don't pay customs off, let alone border patrol. But enough money, right and what happens is the cartail comes in and we'll pay you
thirty thousand dollars extra a month. Just let this truck through. What's he going to do? You know, we're not realistic about these things. We have not sealed off the coastlines by any means. These semi submersibles have been around for years, they continue to operate. They could bring in all sorts of things, people, drugs. One of the things when I was involved in this down in Key West and join Integrated Task Force South Chiada South and Joint Inner Agency
Task Force South. Excuse me, we were very worried about the possibility that people infected with terribly infectious and dangerous, deadly diseases could be brought in on semi submersibles right into mobile bay, off loaded in mobile bay, and then wander around in the United States until suddenly somebody starts it becomes very ill, and they discover wow, my god, it's smallpox, right, and then you find that how many people is this person touched and being there? I mean,
this is a big deal border and coastal security. And then you go to the airports and what are we doing in the airports. I'm not saying we're doing nothing. What I'm saying is you've got to enforce this. You've got to enforce the law there, but you got to enforce the law inside the United States. What do you do when you catch two men that have thirteen children, little children that are being trafficked, that are brought up
from Mexico and you catch them in Phoenix, Arizona. What do you do with a truck driven by two people and they're bringing up enormous quantities of drugs? They pull into a warehouse and the drug peddlars come in to collect their wares so they can disseminate them, and you capture them. They're all found guilty in a court of law or as you take them to court and they're guilty, what do you do with them?
Wow?
I mean I would execute them. And people say, oh, it's too much, that's harsh. You want to stop it, right, Every law enforcement officer I've spoken to and asked, what if we made the penalty death for trafficking and children and women trafficking drugs? Bring it in? Oh, well, gee, it would stop.
Yeah. You can just look at the countries with the harshest penalties on crime, and then look at the crime statistics. I saw in Singapore the other day. They're like publicly caning people, you know, and they don't have any crime. In Singapore, nobody wants to be publicly caned. And so I'm certainly for much much harsher criminal penalties for sure, especially when it comes to trafficking women and children. I mean, it's just like the most heinoused evil type of crime that you could even imagine.
But if you're losing three hundred thousand dead a year in the United States defendant the right, What are you going to do? Don't we have an obligation to protect our citizens.
Well, that's the only obligation of the government, right, Yeah, But even if they.
We have to protect the citizens from themselves. I mean, obviously, the choice to use drugs is a badwin. Fentanyl is deadly, right. We can't stop everything, but should we not try to stop that?
And unfortunately, you know, I mean, this is a much deeper conversation, but you know, I have kids, teenage kids, and unfortunately, they know several people who have died of fentanyl in high school. None of them went to do fentanyl. They were doing, you know, something, They thought they're doing some other type of drug or pill, and it just
happened to have the fentanyl in there. And so part of me thinks, well, I don't think and I don't know statistics on this, but from what I've seen personally, like nobody's going out to do fentanyl. It's that all the other drugs are so underground that they accidentally get it. And so maybe if we had more liberal drug laws like you see in other countries, where kids, teenage kids weren't going underground to get something and then accidentally dying,
maybe that could stop it. But yeah, it's a whole deeper conversation.
Well, the society is an experiment with this sort of thing produced some interesting outcomes obviously. You know, China was forced to accept opium at gunpoint by the Royal Navy, and we the Vanderbilts and others made billions of dollars from the opium trade. That almost destroyed China as a nation, and so they subsequently implemented very harsh measures to stop
the opium epidemic. More recently, you can go to a place like the Netherlands and see large numbers of people that are engaged in all this sort of legal activia. My only experience with the Netherlands was with the military, and it was terrible, and they were as remote from readiness to fight and kill anybody as almost anyone I've ever seen. They're not bad people, but I think this sort of drug dependency or to use for it's a
dangerous thing. If you're trying to maintain an effected society, you're trying to organize, train and educate people to be productive members of society, You're never going to have one hundred percent success. But when you do that with drugs, you're you're probably going to have a lot less success. Yeah, I don't know. My friends out in Colorado tell me that it's been a disaster.
Yeah, that seems to be the case. Well, let's go ahead and wrap this up. Man, We've covered so much ground, and I really appreciate you taking the time maybe to kind of bring this kind of together and summarize this for sort of my main audience thinking about macroeconomic and
business owners investors. When you think about this and the shifting world order that we've talked about, you know, maybe the US kind of reaching into its row, NATO potentially falling, you know, these different conflicts that we have around the world. What would you think for the average you know, investor, entrepreneur, how should they be thinking about this over the next five to ten years, Like, how would how would you be preparing for these shifts if you were in their shoes?
Well, I would tell investors two things right off the bat. Demand that laws be enforced. You know, law enforcement is critical. We were very successful economically largely because we had almost perfect rule of law in the United States. I'm not talking about every jury trial was wonderful. What I'm trying to say is that people came to this country, and I've talked to so many from different places, and I said, what strikes you is most important about the United States?
He said, oh, you could do business here? Yeah. I said, really, Oh, yes, you don't have to bribe anybody. You're not paying people under the table, you know, and you put your money down and you get what you paid for, and so forth so on. So the first thing, number one thing, is demand law be enforced. The second thing I would tell them is end all these overseas military interventions. Dump
this sanctions regime. We have something like thirty two to thirty three countries under sanctions because somebody on the hill or somebody in the state department decide, well, we don't like them because they said mean things here where they entreat women nicely or they put bags on earth. Get rid of all that crap.
Yeah.
In other words, get back to doing business with people, not trying to impose our way of life, our values, our structure, our system on others. If you could get those two things straight, which is halt the wars, stop the sanctions, and enforce the law, I think that would be enormously beneficial to business because you don't. Right now, China has said, well, you know, if you're going to
behave this way, you're not going to get any rare earth. Now, personally, I'm thankful because that makes us finally pull our heads out of rectal territories and think seriously about you know, rare earth. But having said that, what possible reason do we have for that kind of hostility with China? The
answer is none. And by the way, if you change your approach there and then you turn to the police agencies in China and say, we need some help because we know that fentanyl and its ingredients and so forth are shipped, you know, down to Mexico and even into the United States. We'd like your help with that. You'd be surprised. You'll probably get it. Everybody has problems. China has got one point four billion people in it. Good Lord Ge wakes up every morning hoping, hoping that he
can hold that country together. Yeah, it's not easy.
Yeah, good points. All right, Well, I think that's a great place to end. We'll wrap it up there again, Colonel I really appreciate you sharing all your insights and your experience and knowledge with us today. Anything that. I know you create a lot of content here on You're constantly making the rounds, and I appreciate your hard work there, and I think you want to point attention to that people should be paying attention to, or that they can follow you with.
Yeah, if you get a chance, go to the website Nationalconversation dot org. We developed that last year. It's brand new, it's a nonprofit. It's an attempt to try and chart a course into the future that is not part of the Democratic or Republican parties. Frankly speaking, I'm one of these people that thinks we've reached a point where, contrary to what they say, whatever you do, you're going to
get pretty much the same outcome from both parties. We need a different way forward, a different set of principles, different set of ideas, different set of priorities. The National Conversation is designed to attract people to help us figure out what that is. It's not something where you come in. You know, it's not what is it, Oh gosh, the Tom Cruise religion, what's that?
Scientology?
We're not turning you into something like a scientologist. What we want to do is have you join us for various meetings that we're going to hold all over the country, meetings and dinners. We're going to have speakers and then we want to hear what you have to say. I still think that's the best way to get forward. You can't if you try to develop a new party structure, a new third party from the top down, it will fail. Right, you need leadership, but you need people from the bottom
up who are committed to it. Yeah, and everybody is saying it can't be done. It can't be done, it can't be done. There's too much money in these other parties. Well, that's what people thought about the Republican Party, and it didn't happen that way. The Republicans actually came into power. And that's because of events over which you and I
have no control. We don't know what will happen in the next twelve months, and suddenly people based on the events may decide, Gosh, these people over here with a national conversation, they've got a good idea. We need to go that way.
I love that. I love that good idea. I'm gonna make sure we'll link all that down below. I'm going to join it. I want to be involved in that.
A national conversation, thank and good luck with those teenagers.
Okay, thanks so much, but