Latest / The 47 Morning Update with Ben Ferguson / Illegal Immigrants Overrun National Guard, Cartels Launch Tens of Thousands of Drones into U.S. & NY Tries to Take a Half Billion from Trump with NO Appeal

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Illegal Immigrants Overrun National Guard, Cartels Launch Tens of Thousands of Drones into U.S. & NY Tries to Take a Half Billion from Trump with NO Appeal · The 47 Morning Update with Ben Ferguson

• 0:01
  Speaker 1: Welcome.
• 0:01
  Speaker 2: It is verdict with Senator Ted Cruz Ben Ferguson with
• 0:05
  Speaker 2: you and Senator there is a viral video of a
• 0:09
  Speaker 2: invasion selling word I know to use it at the
• 0:12
  Speaker 2: southern border that now everyone is seeing of illegal immigrants
• 0:16
  Speaker 2: breaking through razor wire.
• 0:18
  Speaker 3: Well, that's right.
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  Speaker 4: Every day and every week the border crisis continues to
• 0:22
  Speaker 4: get worse and worse and worse. We now have video
• 0:25
  Speaker 4: of hundreds of illegal immigrants storming the National Guard, pushing
• 0:29
  Speaker 4: them aside, pushing them down. It is an active and
• 0:32
  Speaker 4: aggressive invasion. On top of that, we now have congressional
• 0:36
  Speaker 4: testimony that the human traffickers, the Mexican drug cartels, have
• 0:40
  Speaker 4: an air force twenty five thousand drones. We're going to
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  Speaker 4: get into all of that. We're also going to talk
• 0:47
  Speaker 4: about the New York Attorney General's jihad against Donald Trump,
• 0:51
  Speaker 4: her absurd efforts to try to collect a half billion
• 0:56
  Speaker 4: dollars from Trump and now to do so and to
• 1:00
  Speaker 4: deny him the right to appeal. It's an absolute travesty.
• 1:03
  Speaker 4: And finally, we're going to talk about an investigation that
• 1:08
  Speaker 4: has been opened in the House of Representatives as to
• 1:10
  Speaker 4: whether the IRS is using artificial intelligence to surveil you
• 1:15
  Speaker 4: to go after your personal and private financial information.
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• 2:53
  Speaker 2: I want everybody to go that hasn't already seen this
• 2:55
  Speaker 2: video that's gone viral. The only way I can describe
• 2:58
  Speaker 2: it as an invasion of our southern border. And the
• 3:00
  Speaker 2: worst part is you can clearly tell that the people
• 3:02
  Speaker 2: that are on the American side in uniform don't have
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  Speaker 2: the ability from our government to stand their ground and
• 3:09
  Speaker 2: fight back as they are overrun by illegal immigrants that
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  Speaker 2: come through a very clear barrier invading America. If you
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  Speaker 2: haven't seen the video, go look at it to on
• 3:18
  Speaker 2: mynd social media.
• 3:19
  Speaker 1: It's on yours.
• 3:20
  Speaker 2: But when you saw this center, I mean, this is
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  Speaker 2: all encompassing of just how bad the problem is.
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  Speaker 4: Right now, that's exactly right, Ben, what happened this week
• 3:29
  Speaker 4: in our Passa. We had over one hundred illegal immigrants who.
• 3:34
  Speaker 3: Not broke through.
• 3:35
  Speaker 4: Razor wire that the state of Texas had erected, and
• 3:37
  Speaker 4: you had National guardsmen that were standing there guarding it,
• 3:40
  Speaker 4: trying to secure our border, and and just this mob.
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  Speaker 4: They were simply outnumbered, and it was a mass that
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  Speaker 4: just runs over them, is knocking them down, and it's
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  Speaker 4: it's a surge that is happening. That is I don't
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  Speaker 4: know what you call it other than an invasion. That's
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  Speaker 4: what this is. And the infuriating thing is this is
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  Speaker 4: what Joe Biden and congressional Democrats want to have happen.
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  Speaker 4: And you watch this video. You see the National guardsmen
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  Speaker 4: trying to put their hands up, trying to hold them back,
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  Speaker 4: but there's simply too many of them, and they overwhelmed
• 4:19
  Speaker 4: them with their mass coming into this country. And this
• 4:23
  Speaker 4: is happening. As I said, it keeps getting worse and
• 4:26
  Speaker 4: worse and worse. El Paso's migrant dashboard showed that on Thursday,
• 4:36
  Speaker 4: seven hundred and forty three people had been released from
• 4:39
  Speaker 4: custody and into the United States. That's on Thursday in
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  Speaker 4: El Paso, seven hundred and forty three. It also showed
• 4:46
  Speaker 4: between two thousand and two thousand, five hundred people held
• 4:50
  Speaker 4: in border control custody each and every night. This is
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  Speaker 4: in one city on the border, and that same thing
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  Speaker 4: is happening all across the two thousand miles of our
• 5:01
  Speaker 4: southern border.
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  Speaker 2: This is I think a psychological thing now too. And
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  Speaker 2: I want to talk to you about this because you
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  Speaker 2: know when younger people started these flash mobs and stores
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  Speaker 2: and they realize, Hey, no one's going to stop us
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  Speaker 2: in San Francisco, or in Baltimore and Washington, DC, or
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  Speaker 2: New York City. We can just get into large groups
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  Speaker 2: and we're going to win because no one's going to
• 5:23
  Speaker 2: arrest us. You look at these illegal immigrants, and I
• 5:26
  Speaker 2: think it's very clear they figured it out. This president,
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  Speaker 2: the United States of America is not trying to stop you.
• 5:32
  Speaker 2: And you can control the border and do whatever you
• 5:35
  Speaker 2: want to do. Who's going to stop you?
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  Speaker 4: Look that that is exactly right. And it's not even
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  Speaker 4: that this president's not going to stop you. He's going
• 5:43
  Speaker 4: to help you. He wants them to come illegally. He
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  Speaker 4: looks at every one of them and sees, there's another
• 5:49
  Speaker 4: Democrat voter. There's another Democrat voter, there's another Democrat vote.
• 5:52
  Speaker 4: Let's be clear, Joe Biden wants to flip the state
• 5:55
  Speaker 4: of Texas right now to be a blue state. He
• 5:58
  Speaker 4: wants to flip every eight right now to be a
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  Speaker 4: blue state. And so he is happy for as many
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  Speaker 4: of these people who are coming illegally to vote illegally
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  Speaker 4: as possible, and even if they don't, he's confident that
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  Speaker 4: in time, if the Democrats ever get control, they will
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  Speaker 4: grant amnesty and voting rights to all of these illegals.
• 6:18
  Speaker 4: And Biden assumes, and I don't think his assumption is crazy,
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  Speaker 4: that these illegal immigrants are going to vote for other
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  Speaker 4: Democrats to continue the open border.
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  Speaker 2: You combine this story, and I do think it's it's
• 6:30
  Speaker 2: it reminds me of those flashpoint moments, and unfortunately, we're
• 6:35
  Speaker 2: seeing these center I think more and more often, those
• 6:37
  Speaker 2: illegal immigrants that attacked the men in New York City
• 6:42
  Speaker 2: and got released from jail, and we're flicking off really
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  Speaker 2: not just the cameras, they're flicking off.
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  Speaker 4: America, and the whole world sees there's no consequence to it.
• 6:50
  Speaker 4: That New York City, you beat up cops, they let
• 6:53
  Speaker 4: you go. Bail, no cash, no bail. Hey you know.
• 6:56
  Speaker 4: I mean, look, I don't know. If you're a New
• 6:59
  Speaker 4: York cop had how do you keep doing your job?
• 7:01
  Speaker 4: And look the Border patrol agents. I mean when I
• 7:04
  Speaker 4: talk to Border Patrol agents, when I talk to New
• 7:06
  Speaker 4: York cops, I make a point to thank them and
• 7:09
  Speaker 4: tell them we're grateful for what they're doing, because there
• 7:12
  Speaker 4: is a heroism and a patriotism to do your job
• 7:17
  Speaker 4: in the face of political imbeciles who make it almost
• 7:21
  Speaker 4: impossible for you to do your job.
• 7:23
  Speaker 2: And see, I worry too that the Biden administration and
• 7:27
  Speaker 2: the Department of Homeland Security and my orcas are probably
• 7:30
  Speaker 2: not that upset with what just happened, because what they're
• 7:33
  Speaker 2: going to see from this is, Hey, they figured it
• 7:36
  Speaker 2: out how to beat Texas because they're at Warwick, Texas
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  Speaker 2: at the same time, are they not?
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  Speaker 3: Sadly they are Joe Biden.
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  Speaker 4: And this is true of just about every Democrat in
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  Speaker 4: the Senate, just about every Democrat in the House.
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  Speaker 3: Given a choice between where do you side.
• 7:50
  Speaker 4: Do you side with illegal immigrants, do you side with
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  Speaker 4: the violent criminals they're being released into this country, or
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  Speaker 4: do you side with the American people who are being
• 8:00
  Speaker 4: the victims of crimes at the hands of this invading mob.
• 8:05
  Speaker 4: The Democrats have made the decision where with the cartels?
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  Speaker 4: Where with the mob? And this White House is furious
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  Speaker 4: that Texas is fighting back.
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  Speaker 2: You combine this story and this is more of a
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  Speaker 2: I think, a symbolic moment with this other shocking testimony.
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  Speaker 2: Air Force general has come forward before Congress and revealed
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  Speaker 2: an alarming number of drones crossing into the US airspace
• 8:30
  Speaker 2: at the southern border. It's an air Force. This came
• 8:34
  Speaker 2: up during a hearing with one of your colleagues, Senator
• 8:37
  Speaker 2: Ted Budd who is a freshman senator who is there
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  Speaker 2: asking basic questions about what's going on with all these
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  Speaker 2: drones coming across the southern border. I want to play
• 8:47
  Speaker 2: this and then get your reaction.
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  Speaker 5: It's my understanding there's been a lot of drone incursions
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  Speaker 5: along our southern border. How many drone incursions have we
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  Speaker 5: had and what are they doing? Senator? The number of
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  Speaker 5: incursions was something that was alarming to me as as
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  Speaker 5: I took command last month. I don't know the actual number.
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  Speaker 5: I don't think any of it's in the thousands. I
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  Speaker 5: have talked to Customs and Border Protection, who are responsible
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  Speaker 5: for the uas incursions and in the border along with
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  Speaker 5: dj and they put the number at thousands. Over what
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  Speaker 5: period of time is that thousands? I would say in
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  Speaker 5: the probably over a month. We could probably have over
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  Speaker 5: a thousand a month. General, Do they, in your view
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  Speaker 5: represent homeland defense threat?
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  Speaker 3: Senator?
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  Speaker 5: They alarmed me from the being the person responsible for
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  Speaker 5: homeland defense. I haven't seen any of them manifest in
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  Speaker 5: a threat to the level of national defense. But I
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  Speaker 5: see the potential only growing.
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  Speaker 2: I see the potential only growing. You dig into this
• 10:00
  Speaker 2: a little bit more, and this has obviously been something
• 10:03
  Speaker 2: that they didn't want to get out.
• 10:04
  Speaker 1: They didn't want us to know about this.
• 10:07
  Speaker 2: And then an article comes out in the New York
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  Speaker 2: Post about other testimony that's already happened. They've got a
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  Speaker 2: whole damn air force down there at the southern border,
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  Speaker 2: and this is the cartels that have this.
• 10:19
  Speaker 3: Well, that's right.
• 10:20
  Speaker 4: So that was the testimony of Air Force General Gregory Guillot,
• 10:23
  Speaker 4: who is the commander of Norad, so a very senior
• 10:26
  Speaker 4: Air Force general. He's just taken over the command of
• 10:30
  Speaker 4: Norrad and also US Northern Command, and he's looking at
• 10:35
  Speaker 4: the number that is coming in. He just testified over
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  Speaker 4: one thousand a month, and we likewise had last month
• 10:43
  Speaker 4: testimony from the Rio Grand Valley sector chief Border Patrol
• 10:47
  Speaker 4: Agent Gloria Chavez, who told the House Oversight Committee that
• 10:53
  Speaker 4: in her sector alone, So this is just the Rio
• 10:56
  Speaker 4: Grand Valley sector, there head in more than ten thousand
• 11:03
  Speaker 4: drone incursions and more than twenty five thousand drone sightings
• 11:09
  Speaker 4: in the last year. Now think about that for a second.
• 11:12
  Speaker 4: Twenty five thousand drone sightings in a year. That's in
• 11:18
  Speaker 4: one sector in the Rio Grand Valley. We've got testimonies
• 11:22
  Speaker 4: the cartels. You said they have an air force. That's
• 11:26
  Speaker 4: not hyperbole. You are looking at thousands, if not tens
• 11:30
  Speaker 4: of thousands of drones. Now right now, they're principally using
• 11:34
  Speaker 4: these drones for surveillance. They're going over, they're seeing where
• 11:37
  Speaker 4: the Border Patrol agents are. And by the way, I've
• 11:40
  Speaker 4: been out on the boats with the Border Patrol and
• 11:44
  Speaker 4: the Rio Grand River and they carry with them guns
• 11:47
  Speaker 4: to shoot down the drones. But it's very hard to
• 11:50
  Speaker 4: shoot down a drone. And when you've got thousands upon thousands,
• 11:52
  Speaker 4: they're simply is not enough to take down the number
• 11:56
  Speaker 4: of drones they're able to just send them, and they
• 11:59
  Speaker 4: base have not only do they have operational control of
• 12:04
  Speaker 4: our southern border. And understand, this is very much like
• 12:07
  Speaker 4: like like like military warfare. Nobody crosses the border without
• 12:14
  Speaker 4: the cartels taking them across. And and literally, if you're
• 12:16
  Speaker 4: down in Mexico and you decide, hey, I'm just going
• 12:19
  Speaker 4: to try to swim the river come across, they will
• 12:21
  Speaker 4: kill you right like it is. You are taking your
• 12:24
  Speaker 4: life in your own hands if you try to cross
• 12:26
  Speaker 4: without them. So they have complete operational control south of
• 12:30
  Speaker 4: the border. And now with their air force of drones,
• 12:34
  Speaker 4: they have surveillance north of the border. And and and
• 12:38
  Speaker 4: Joe Biden and the Democrats are happily just facilitating this,
• 12:43
  Speaker 4: doing nothing to stop it. And and and as the
• 12:47
  Speaker 4: General testified the head of Norad, right now, they're using
• 12:50
  Speaker 4: these drones for surveillance, but what's to stop them from
• 12:54
  Speaker 4: using them for for direct hostile activity. We are literally
• 13:02
  Speaker 4: being invaded by multi billion dollar global criminal cartels on
• 13:08
  Speaker 4: a daily basis.
• 13:09
  Speaker 2: You look at this drone and we hear the word drone,
• 13:13
  Speaker 2: and we think, okay, fun little object you fly around,
• 13:16
  Speaker 2: take pictures. We see them when you sell your house
• 13:19
  Speaker 2: and they come out and they take drone shots of
• 13:21
  Speaker 2: your home and everything else to show your lot in
• 13:23
  Speaker 2: your backyard.
• 13:24
  Speaker 1: You gotta I.
• 13:25
  Speaker 2: Think some people may not understand the sophistication of these
• 13:30
  Speaker 2: drones for surveillance, for moving drugs fetanyl. The number one
• 13:34
  Speaker 2: killer people forty nine under in this country is fetnyl overdoses,
• 13:38
  Speaker 2: the human smuggling, the sex trafficking, and also, I mean
• 13:43
  Speaker 2: drones are being used in warfare in the Middle East.
• 13:46
  Speaker 2: A lot of our soldiers are being attacked by drones.
• 13:50
  Speaker 2: Now it's a new way to attack. We're seeing an Afghant,
• 13:53
  Speaker 2: We're seeing it also in Ukraine and Russia, where drone
• 13:56
  Speaker 2: attacks are are very It's a very big new technology
• 14:01
  Speaker 2: in warfare. And that's the reason why I think we
• 14:04
  Speaker 2: need people to understand how serious it is to have
• 14:07
  Speaker 2: an army of this many drones that you can be
• 14:09
  Speaker 2: using for this many nefarious reasons.
• 14:12
  Speaker 3: Well, look, that's absolutely right.
• 14:14
  Speaker 4: Drones today are used regularly as a weapon of war.
• 14:20
  Speaker 4: They're used for surveillance. They can be very effective for surveillance.
• 14:23
  Speaker 4: They're also used and you rightly noted another way the
• 14:26
  Speaker 4: cartels are using it right now, which is to transport
• 14:28
  Speaker 4: drugs that you can put fetanol, you can put meth,
• 14:31
  Speaker 4: you can put cocaine or heroine. You can put it
• 14:35
  Speaker 4: on a drone, use the drone to fly across the
• 14:37
  Speaker 4: river and then to land to go to someone from
• 14:41
  Speaker 4: the cartel that is in the United States to receive
• 14:44
  Speaker 4: those drugs. And so the cartels are using that as
• 14:46
  Speaker 4: well as a means of drug delivery. But there's also
• 14:50
  Speaker 4: on top of that, they can be used as an
• 14:52
  Speaker 4: offensive weapon.
• 14:53
  Speaker 3: They can be used.
• 14:54
  Speaker 4: We see drones in combat theaters that have weapons mounted
• 14:58
  Speaker 4: on them. We see drones. Drones can also will be
• 15:00
  Speaker 4: used to spread a biological agent, a chemical agent. And
• 15:05
  Speaker 4: there's a reason that the commander of NORAD said, this
• 15:08
  Speaker 4: is very alarming. When you're dealing with thousands and thousands
• 15:10
  Speaker 4: of drones routinely coming across our border. It only takes
• 15:15
  Speaker 4: one that is manned by a terrorist to potentially murder
• 15:21
  Speaker 4: people on the American side of the border. And the
• 15:26
  Speaker 4: point is, under Joe Biden, we're not even trying to
• 15:30
  Speaker 4: stop this. The federal government is not trying to prevent
• 15:33
  Speaker 4: these drone incursions. They're simply saying, much as they did
• 15:37
  Speaker 4: with the Chinese by balloons, they're simply saying if you
• 15:41
  Speaker 4: want to invade us, hey, come on in.
• 15:44
  Speaker 1: Yeah.
• 15:44
  Speaker 2: And not only that, if you want to just rush
• 15:46
  Speaker 2: the border with a couple hundred people, go ahead and
• 15:49
  Speaker 2: do that. We will not give the authority for America
• 15:51
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• 15:54
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  Speaker 1: Sentater.
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  Speaker 2: You mentioned something in the last statement that you made
• 17:32
  Speaker 2: that I want you to expand on a little bit here,
• 17:35
  Speaker 2: and that is you have this official testimony to Congress.
• 17:39
  Speaker 2: It's one thousand plus drones a month. You go back
• 17:42
  Speaker 2: to that article that you read earlier with the with
• 17:45
  Speaker 2: the testimony on the House side saying they've got basically
• 17:48
  Speaker 2: an air force, and not only do they have an
• 17:51
  Speaker 2: air force, but it's one that is the quote. The
• 17:54
  Speaker 2: adversaries have seventeen times the number of drones, twice the
• 17:57
  Speaker 2: amount of flight hours, and unlimited funding to grow their operations.
• 18:01
  Speaker 1: Is what Chavez.
• 18:02
  Speaker 2: The Rio Grand Valley sector chief testified the House Oversight Committee,
• 18:07
  Speaker 2: and there doesn't seem to be a plan. Is there
• 18:10
  Speaker 2: anything that will change this administration stance to have a plan.
• 18:16
  Speaker 2: I mean, they're at war with us. How are we
• 18:18
  Speaker 2: not going to respond? And at what point will this
• 18:21
  Speaker 2: administration respond? Or are we just basically sol until election day?
• 18:25
  Speaker 3: Yeah, Joe Biden is not going to change. He doesn't
• 18:27
  Speaker 3: want to change. He is stug in.
• 18:31
  Speaker 4: He views this as as the path to Democrats staying
• 18:35
  Speaker 4: in power. And look, if he was going to change,
• 18:37
  Speaker 4: he would have done it already. The only answer is
• 18:40
  Speaker 4: we've got to win in November because these people are
• 18:44
  Speaker 4: destroying our country in front of our eyes.
• 18:47
  Speaker 2: Senator, while they're trying to destroy our country and not
• 18:49
  Speaker 2: going after the people that are breaking in There's one
• 18:52
  Speaker 2: thing that is very clear, and that is public enemy
• 18:55
  Speaker 2: number one of this administration, the Democrats, is Donald Trump.
• 18:58
  Speaker 2: We now are saying them trying to break Trump financially.
• 19:02
  Speaker 2: I would assume that you would agree this is certainly
• 19:06
  Speaker 2: a level of election interference at shocking. But let's talk
• 19:10
  Speaker 2: about the money now. The ag James who said vote
• 19:14
  Speaker 2: for me and I'll go after Trump is now asked
• 19:16
  Speaker 2: the court to deny Donald Trump's four hundred and fifty
• 19:18
  Speaker 2: four million dollar bond appeal. This is unprecedented in American society.
• 19:26
  Speaker 2: This is what would happen in communist countries, yet it's
• 19:29
  Speaker 2: happening right now in America.
• 19:31
  Speaker 4: Well, we are seeing across the country Democrat prosecutors abusing
• 19:36
  Speaker 4: the justice system to try to number one, destroy Donald Trump,
• 19:40
  Speaker 4: but to try to number two subvert democracy. They are
• 19:44
  Speaker 4: terrified that the voters in November will vote to re
• 19:47
  Speaker 4: elect Donald Trump, and so they want to abuse their
• 19:49
  Speaker 4: power to stop the voters from doing that. What Letitia
• 19:54
  Speaker 4: James has done. She ran for Attorney General promising I'm
• 19:58
  Speaker 4: going to get Trump, and I'll say, at least so far,
• 20:01
  Speaker 4: she's delivered on that promise. She went after him with
• 20:03
  Speaker 4: everything she had in a fraud case that is under
• 20:06
  Speaker 4: a New York statute that is really a ridiculous statute
• 20:09
  Speaker 4: because she alleged fraud with no victims. She alleged that
• 20:15
  Speaker 4: he had borrowed hundreds of millions of dollars from sophisticated
• 20:18
  Speaker 4: banks like Deutschebank. And Deutschebank didn't lose money, in fact,
• 20:24
  Speaker 4: they made money on the loans. Trump repaid the loans
• 20:27
  Speaker 4: and Deutschbach said they were thrilled to make the loans
• 20:29
  Speaker 4: and would happily make them again. And the argument was
• 20:33
  Speaker 4: that he valued his real estate more than it was worth.
• 20:36
  Speaker 4: Deutschbach Bank is not some like poor little old lady
• 20:41
  Speaker 4: who's a vulnerable consumer. They're a multi billion dollar global bank.
• 20:45
  Speaker 4: They valued the real estate on their own damn thing.
• 20:47
  Speaker 4: You know, if I come in and tell tell my
• 20:50
  Speaker 4: mortgage company, hey, my home is worth ten million dollars,
• 20:54
  Speaker 4: They're gonna send their own appraiser to go figure out
• 20:56
  Speaker 4: what my home is worth. They're going to laugh at me.
• 20:58
  Speaker 4: So an alleged offense with no victim, no injury, and
• 21:04
  Speaker 4: no harm. The judgment with interest is four hundred and
• 21:10
  Speaker 4: fifty four million dollars half a billion dollars. And then
• 21:14
  Speaker 4: New York has a provision that you see in a
• 21:16
  Speaker 4: number of states that to appeal that you've got to
• 21:20
  Speaker 4: put the four hundred and fifty four million dollars in
• 21:22
  Speaker 4: cash either liquid, so either cash or securities liquid, or
• 21:28
  Speaker 4: you have to have a bond that covers that amount.
• 21:32
  Speaker 4: And so Trump went and tried to get a bond,
• 21:34
  Speaker 4: and he went to thirty different surety companies, and all
• 21:38
  Speaker 4: of them turned him down, and he filed an affidavit.
• 21:43
  Speaker 4: So he's raised an issue on appeal to say, look,
• 21:46
  Speaker 4: you can't require me to put up a half billion
• 21:49
  Speaker 4: dollars just to be able to appeal. And Leticia James
• 21:53
  Speaker 4: just opposed that and said, oh yeah, he doesn't put
• 21:55
  Speaker 4: that money up. We're coming to take his property. So
• 21:58
  Speaker 4: understand what she wants to do. And she wants to
• 21:59
  Speaker 4: do this as soon as potentially next week. She wants
• 22:03
  Speaker 4: to show up and physically seize his properties, literally go
• 22:07
  Speaker 4: and seize properties that he has in New York or elsewhere.
• 22:12
  Speaker 4: It could literally come down to her trying to essentially
• 22:16
  Speaker 4: put a padlock on Trump Tower. And I say that
• 22:20
  Speaker 4: not really with hyperbole, because this is a political jahad
• 22:24
  Speaker 4: for her, So I think she will look for the
• 22:26
  Speaker 4: most visible political way to attack her opponent. And here's
• 22:33
  Speaker 4: here's what Trump's lawyers told the New York Appellate Court.
• 22:38
  Speaker 4: The attorneys wrote that quote, it is not possible under
• 22:40
  Speaker 4: the circumstances presented. They said, the underwriters insisted on cash
• 22:45
  Speaker 4: or other liquid assets instead of real estate as collateral.
• 22:49
  Speaker 4: So Trump has lots of real estate. But apparently the
• 22:52
  Speaker 4: o of writers said no, it's got to be cash
• 22:54
  Speaker 4: or liquid, and he didn't have a half billion dollars
• 22:56
  Speaker 4: sitting around, and they insisted on cash to cover one
• 23:00
  Speaker 4: hundred and twenty percent of the judgment, which is five
• 23:04
  Speaker 4: hundred and fifty seven million dollars. An insurance broker Gary
• 23:09
  Speaker 4: Giuletti wrote in a sworn statement that quote a bond
• 23:14
  Speaker 4: of this size is rarely, if ever.
• 23:17
  Speaker 3: Seen, and.
• 23:20
  Speaker 4: Letitia James responded, well, no, no, that's not true. There
• 23:23
  Speaker 4: have been billion dollar bonds before, yes, for massive public corporations.
• 23:28
  Speaker 3: But Trump's business is not a public corporation.
• 23:32
  Speaker 4: It is a private company, and to get a half
• 23:34
  Speaker 4: billion dollar bond is incredibly difficult, and so understand the impact.
• 23:41
  Speaker 4: If Trump is not able to post this bond. The
• 23:44
  Speaker 4: effect would be to deny him the right to even
• 23:48
  Speaker 4: appeal the absurd partisan decision from the district court. I
• 23:53
  Speaker 4: got to say, this is such a profound abuse. Now,
• 23:58
  Speaker 4: that doesn't mean Trump would be out of option, because
• 24:00
  Speaker 4: if the New York courts insist you got to put
• 24:03
  Speaker 4: up a half billion dollars in order to appeal this decision,
• 24:06
  Speaker 4: I am confident that Trump will appeal that, and potentially
• 24:10
  Speaker 4: appeal that all the way to the U. S. Supreme
• 24:12
  Speaker 4: Court and the U. S. Supreme Court. He would have
• 24:15
  Speaker 4: multiple arguments, constitutional arguments, including the Constitution prohibits denying an individual,
• 24:23
  Speaker 4: depriving an individual of property without due process of law.
• 24:27
  Speaker 4: And there would be an argument that this is such
• 24:29
  Speaker 4: an excessive bond that it constitutes a violation of due process.
• 24:35
  Speaker 4: He would also have an argument under the Eighth Amendment.
• 24:37
  Speaker 4: The Eighth Amendment specifies excessive bail shall not be required,
• 24:42
  Speaker 4: nor excessive fines imposed, nor cruel and unusual punishments inflicted. Now,
• 24:48
  Speaker 4: the Eighth Amendment typically applies in a criminal context, but
• 24:53
  Speaker 4: given the magnitude here, I would expect him to make
• 24:56
  Speaker 4: both an Eighth Amendment argument and a due process argument,
• 25:00
  Speaker 4: and it is entirely possible that would prevail ultimately. But
• 25:04
  Speaker 4: what New York is doing, what the New York Attorney
• 25:08
  Speaker 4: General is doing, is the conduct of a banana Republic.
• 25:14
  Speaker 2: Kevin O'Leary, who many you will know from Shark Tank,
• 25:17
  Speaker 2: not the most political guy. He talked about the business
• 25:20
  Speaker 2: fallout of this and asking where are the adults in
• 25:24
  Speaker 2: the room, because we can't let this stand in the
• 25:26
  Speaker 2: United States of America. Here's part of what he said,
• 25:29
  Speaker 2: which I thought was really interesting.
• 25:31
  Speaker 6: But more importantly, the message about the American brand. You
• 25:35
  Speaker 6: think about America, the reason this is the number one
• 25:37
  Speaker 6: economy on Earth is that we have laws, and we
• 25:40
  Speaker 6: have due process, and we have property rights. It attracts
• 25:43
  Speaker 6: foreign capital from all around the world. All of that
• 25:47
  Speaker 6: is being shaken to the core here. The concept of
• 25:51
  Speaker 6: seizing assets in thirty days on a bond number that's
• 25:54
  Speaker 6: never been issued, No insurance bond companies ever issued anything
• 25:58
  Speaker 6: near this, so it chance that was going to happen,
• 26:01
  Speaker 6: and only giving thirty days notice in time, that's a
• 26:05
  Speaker 6: really bad message. And I think New Yorker should think
• 26:10
  Speaker 6: well past Trump, whether he's president or not, or whether
• 26:14
  Speaker 6: this Attorney's General is gone in four years or not,
• 26:16
  Speaker 6: it's irrelevant. This is case setting against the American brand.
• 26:21
  Speaker 6: The most stable country on earth anywhere to put capital
• 26:25
  Speaker 6: work over a long period of time, particularly in real estate,
• 26:29
  Speaker 6: is the United States of America.
• 26:30
  Speaker 3: This is an.
• 26:31
  Speaker 6: Assault on what we believe to be core and I
• 26:36
  Speaker 6: find it extraordinary. I think it's very troubling. It has
• 26:41
  Speaker 6: absolutely nothing to do with Donald Trump at this point,
• 26:44
  Speaker 6: in my view, and it is completely bipartisan. This is
• 26:48
  Speaker 6: an attack on America. And I don't know how you
• 26:53
  Speaker 6: can look at it any other way. And as an investor,
• 26:57
  Speaker 6: and I know plenty of investors are completely disturbed by this,
• 27:01
  Speaker 6: but I mean, no one is going to put any
• 27:04
  Speaker 6: money to work in New York in these amounts until
• 27:07
  Speaker 6: this thing settles down. The whole world is watching, and
• 27:10
  Speaker 6: everybody's waiting for one thing we haven't got yet. Adult supervision.
• 27:15
  Speaker 1: Where is it?
• 27:16
  Speaker 6: Where are the adults in this crazy narrative? Certainly there's
• 27:20
  Speaker 6: got to be adult supervision at some point. And I understand,
• 27:24
  Speaker 6: you know the war going on here and all the
• 27:27
  Speaker 6: political YadA YadA, Wolf Wolf Wolf, but we need an
• 27:30
  Speaker 6: adult in the room.
• 27:31
  Speaker 3: Now.
• 27:31
  Speaker 6: This is the United States of America under.
• 27:35
  Speaker 2: Siege, under siege. I mean, he's not joking around. He says,
• 27:38
  Speaker 2: where are the adults center? I'm going to ask you this,
• 27:40
  Speaker 2: where are the adults? At what point do the adults
• 27:42
  Speaker 2: get a hold of this?
• 27:45
  Speaker 4: Well, at this point, it's not clear to me that
• 27:47
  Speaker 4: there are any adults left in New York. There certainly
• 27:50
  Speaker 4: are not among politicians. I don't know of a single
• 27:53
  Speaker 4: Democrat politician who has spoken out against this abuse. Certainly
• 27:58
  Speaker 4: Chuck Schumer hasn't Governor hasn't. The mayor of New York
• 28:01
  Speaker 4: City hasn't. Leticia James is auditioning to be governor. She's
• 28:05
  Speaker 4: clearly ambitious. She views this as the path to success
• 28:09
  Speaker 4: in the Democrat Party in New York. And I got
• 28:12
  Speaker 4: to say, look, I think they rationalize in their own mind,
• 28:16
  Speaker 4: this is a special rule just for Donald Trump. We
• 28:19
  Speaker 4: hate Trump so much. They think Trump is the devil,
• 28:23
  Speaker 4: and so this applies just to Trump. But this precedent
• 28:28
  Speaker 4: can apply to anyone. If simply claiming that you overstated
• 28:32
  Speaker 4: the value of your real estate gives the Attorney General
• 28:36
  Speaker 4: the justification to seize hundreds of millions or billions of dollars,
• 28:41
  Speaker 4: what real estate developer in their right mind would would
• 28:44
  Speaker 4: continue to do business. Every real estate developer, just as
• 28:47
  Speaker 4: a starting point is subject to this kind of shakedown.
• 28:51
  Speaker 4: And if you don't think that Letitia James or the
• 28:53
  Speaker 4: next ambitious Attorney General will use that power, then you're
• 28:58
  Speaker 4: smoking something, because look, it is arbitrary, it's unreviewable, and
• 29:04
  Speaker 4: by the way, if you can't get a bond to
• 29:05
  Speaker 4: appeal it, there is no appellate review. So it's the
• 29:08
  Speaker 4: ability to shake it down. And so if she wants
• 29:10
  Speaker 4: to negotiate a settlement. Suppose she comes in. That gives
• 29:14
  Speaker 4: this politician the ability to terrorize businesses, to terrorize foreign corporations,
• 29:21
  Speaker 4: anyone that they decide we don't like.
• 29:25
  Speaker 5: It.
• 29:26
  Speaker 4: Essentially empowers the politicians to terrorize individuals and companies and
• 29:32
  Speaker 4: force them to comply with whatever their demand is, or
• 29:37
  Speaker 4: else we will seize your assets and you can't even
• 29:40
  Speaker 4: appeal it. And yet, why is not a single Democrat
• 29:45
  Speaker 4: in New York worried about this or speaking out about it?
• 29:50
  Speaker 4: You know, it's astonishing.
• 29:51
  Speaker 2: Yeah, and it's not just if you think it's only
• 29:53
  Speaker 2: going to be Donald Trump, you may be wrong. Which
• 29:55
  Speaker 2: brings us to our final story, and that deals with
• 29:58
  Speaker 2: the IRS. Jordan has announced he's opened up an investigation
• 30:03
  Speaker 2: accusations the IRS is using AI to spy on tax payers.
• 30:11
  Speaker 2: I would love to say I'm surprised by this, senator,
• 30:14
  Speaker 2: but we've seen the IRS go after conservative groups and
• 30:17
  Speaker 2: Tea party groups and others in the past, and no
• 30:20
  Speaker 2: one really got in trouble for that, So why would
• 30:22
  Speaker 2: it be any different this time?
• 30:24
  Speaker 3: Well, that's exactly right.
• 30:26
  Speaker 4: So we have a pair of letters that was sent
• 30:28
  Speaker 4: to the Treasury Secretary into the Attorney General. One was
• 30:32
  Speaker 4: sent by Jim Jordan, the chairman of the Judiciary Committee,
• 30:35
  Speaker 4: and another one was sent by Harriet Hageman from Wyoming,
• 30:39
  Speaker 4: and it is examining whether the IRS is using artificial
• 30:44
  Speaker 4: intelligence to surveil American taxpayers. And in the letters that
• 30:50
  Speaker 4: they describe how the IRS put out a press release
• 30:54
  Speaker 4: in twenty twenty three saying that artificial intelligence quote will
• 30:59
  Speaker 4: he help i r S compliance teams better detect tax cheating,
• 31:04
  Speaker 4: identify emerging compliance threats, and improve case selection tools to
• 31:10
  Speaker 4: avoid burdening taxpayers with needless no change audits. And the
• 31:17
  Speaker 4: letter from Jordan and Hageman continues quote, However, recent reporting
• 31:22
  Speaker 4: alleges that the IRS's use of AI has also included
• 31:27
  Speaker 4: actively monitoring American citizens bank accounts en mass and without
• 31:33
  Speaker 4: legal process. And they cite a report from from James
• 31:37
  Speaker 4: O'Keeffe and and the video footage from James O'Keefe UH
• 31:43
  Speaker 4: captures an individual named Alex Mina, who's an IRS official
• 31:47
  Speaker 4: work working in the agency's Criminal Investigations Unit, who admits
• 31:52
  Speaker 4: and and and this is a quote I'm going to
• 31:54
  Speaker 4: quote for the letter. Quote video footage obtained by an
• 31:57
  Speaker 4: investigated media outlet appears to cap thus Alex Mina, an
• 32:01
  Speaker 4: IRS official working in the agency's Criminal Investigations Unit, admitting
• 32:05
  Speaker 4: that the IRS has a new system that uses AI
• 32:10
  Speaker 4: to target potential abusers by examining all returns, bank statements,
• 32:16
  Speaker 4: and related financial information for potential for fraud, and Mina
• 32:22
  Speaker 4: asserted that the new AI system has the ability to
• 32:25
  Speaker 4: access and monitor all the information from all the companies
• 32:31
  Speaker 4: in the world.
• 32:33
  Speaker 2: I mean the amount of power that the IRS has
• 32:35
  Speaker 2: not just to spy on people, but to come after
• 32:38
  Speaker 2: people for their political viewpoints. And everybody's like, oh, it
• 32:41
  Speaker 2: never has happened. They don't do that. We know that
• 32:43
  Speaker 2: from tea party groups in the past. This is going
• 32:46
  Speaker 2: to be very interesting. If Jim Jordan opening these investigations,
• 32:49
  Speaker 2: what comes to this. We will keep you updated on it.
• 32:52
  Speaker 2: Don't forget we did this show Monday, Wednesday and Friday.
• 32:54
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• 32:58
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• 33:02
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• 33:05
  Speaker 2: back here tomorrow.