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Mark interviews Fox News contributor Liz Peek. · The Mark Simone Show

• 0:00
  Speaker 1: The Mark Simone Show on sevent war.
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  Speaker 2: Well is now the Brilliant column List Lizpeak. You can
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  Speaker 2: reader columns at Foxnews dot com, but also go to
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  Speaker 2: her own website where you can get all the news
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  Speaker 2: and updates and analysis. Go to lizpeak dot com lizpeak
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  Speaker 2: dot com, Lizpeak. How you doing.
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  Speaker 1: I'm terrific. Thanks for having me on, Mark.
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  Speaker 2: Hey, China trip couldn't have gone any better. Don't you agree?
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  Speaker 1: Well, I think the market certainly doesn't agree. I think
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  Speaker 1: a couple of things. One, I think that there was
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  Speaker 1: a lot of optimism that Trump would would get G
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  Speaker 1: President G to agree to some breakthrough in Iran in
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  Speaker 1: opening up the strait of horror moves. Supposedly g bought
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  Speaker 1: into the idea that that was a good idea and evidence,
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  Speaker 1: you know, no resistance to it. But I didn't see
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  Speaker 1: anything really come out that in the way of a
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  Speaker 1: concrete move on his part, like picking up the phone
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  Speaker 1: and telling the IRGC to open up the straight. I
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  Speaker 1: think in terms of commerce, yeah, it was a good move.
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  Speaker 1: I think, you know, I think the biggest thing was
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  Speaker 1: that she had to look tough to his people after
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  Speaker 1: all the United States, I mean imagine this drama of
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  Speaker 1: President Trump arriving with a fay lanx of world leaders
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  Speaker 1: in global finance, production, manufacturing, technology, etc. I mean, what
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  Speaker 1: a powerful symbol that was of American dominance, right. I mean,
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  Speaker 1: and think about china situation right now. They are losing
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  Speaker 1: in terms of their economy. Their economy has enormous ongoing
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  Speaker 1: impediments like a demographic cliff. They're actually shrinking in terms
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  Speaker 1: of people in the workforce. They have enormous amounts of debt,
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  Speaker 1: and they can't get consumers to spend. So they're actually
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  Speaker 1: gone back to their export driven model, meaning they are
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  Speaker 1: actually are dependent on the United States because this is
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  Speaker 1: where the action is. They're losing an artificial intelligence leadership.
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  Speaker 1: God knows, they're losing in energy leadership. So I think
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  Speaker 1: the whole bravado about Taiwan and how America should be
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  Speaker 1: careful about Taiwan, I thought it was complete stage craft.
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  Speaker 1: I think it was totally to convince the people of
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  Speaker 1: China that g belongs on that world stage with Donald Trump.
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  Speaker 1: And frankly, right now, I think there's an argument that
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  Speaker 1: he does not.
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  Speaker 2: Wow, yeah, you're right. You know, Trump showed up with
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  Speaker 2: the greatest business leaders in the world. It was an
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  Speaker 2: impressive Joe Biden showed up with Hunter the crack addict son.
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  Speaker 1: That's a good point. I mean, it's an amazing contrast though, right,
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  Speaker 1: And apparently I have to dig into this a little
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  Speaker 1: bit more, but I read a couple of accounts this
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  Speaker 1: morning that the Chinese were not expecting those American business
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  Speaker 1: leaders to be part of the delegation, that they would
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  Speaker 1: be part of the conversations. They were, And again I
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  Speaker 1: think it was Trump. It wasn't quite bombing Syria over
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  Speaker 1: chocolate cake, but it was kind of like in your face,
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  Speaker 1: she this is who we are, who do you got?
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  Speaker 1: And does he have some business leaders? Yeah, but they're
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  Speaker 1: terrified because in the past sometimes you end up being
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  Speaker 1: disappeared or going to jail in China, true true story.
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  Speaker 1: So I thought it was I think in people in
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  Speaker 1: a way that people don't really understand. I thought it
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  Speaker 1: was absolutely a brilliant trip for reasons other than maybe
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  Speaker 1: what was obvious.
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  Speaker 2: Yeah, now a president, she agreed to help in Iran,
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  Speaker 2: and he agreed to this, He agreed to. But the
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  Speaker 2: thing is, China has never ever lived up to any
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  Speaker 2: agreement they've ever met, So what do we make of that.
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  Speaker 1: Yeah, I mean, you know, they're going to buy some soybeans,
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  Speaker 1: presumably they need soy beans. They're going to buy some
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  Speaker 1: planes because they want some planes. I think all that
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  Speaker 1: was sort of foretold. But again remember that for she
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  Speaker 1: and one of his comments talked about how many five
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  Speaker 1: year plans they've had. Well for at least four or
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  Speaker 1: five of those five year plans, they've talked about the
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  Speaker 1: necessity of getting away from being an export driven economy,
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  Speaker 1: get away from infrastructure spending, relying on Chinese consumers to
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  Speaker 1: take up the ball and run with it, and they haven't.
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  Speaker 1: I mean, consumer spending in China is still I'm guessing here,
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  Speaker 1: but around forty percent of the economy versus seventy percent
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  Speaker 1: in the US. That's an unsustainable number unless the whole
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  Speaker 1: rest of the world basically takes the lead in building
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  Speaker 1: your economy, which which they have, which the world has
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  Speaker 1: for thirty years. But I think that's changed, and I
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  Speaker 1: think that you know, China g remember about five years ago,
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  Speaker 1: took on to himself the management of the economy in China.
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  Speaker 1: Remember he's he took sole responsibility for it. So he's
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  Speaker 1: in a weird position where Uh, he's responsible. He doesn't
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  Speaker 1: really know what to do. They've they've gone back to
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  Speaker 1: export driven and building, spending a lot of money that
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  Speaker 1: they don't have on infrastructure. So it's it is not
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  Speaker 1: a good picture for him. He needs the United States,
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  Speaker 1: he needs exports. Uh and so uh, yeah, they're going
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  Speaker 1: to buy some stuff. My guess is he's going to
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  Speaker 1: push really hard for expanded exports into the United States
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  Speaker 1: as well.
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  Speaker 2: Yeah, Uh, Liz peak, Let's uh, let's get to Iran.
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  Speaker 2: Obviously it's a hell of a gamble. But if this
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  Speaker 2: is successfully, you get rid of the worst terrorist terrorist
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  Speaker 2: regime in the world, and you get side benefits like
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  Speaker 2: maybe Opeck will break up. What do you think will happen?
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  Speaker 1: Well, I can't. I mean, I you know, I said
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  Speaker 1: this on air the other day and got kind of
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  Speaker 1: slap for it. But I think there's going to have
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  Speaker 1: to be another military round here. I don't think Trump
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  Speaker 1: can walk away with anything but clear victory on the
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  Speaker 1: no nukes ever message. He has made that the cornerstone
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  Speaker 1: of our military offense in Iran. I think he's totally
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  Speaker 1: right to do it, but he can't leave it halfway.
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  Speaker 1: And I think right now it's all bluster. The economy
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  Speaker 1: there is collapsing, I mean literally collapsing. The local currency
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  Speaker 1: has zero value. If you put in the local currency
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  Speaker 1: as an exchange rate comes up zero basically versus the dollar.
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  Speaker 1: And so their bluster is bluster. And they do have
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  Speaker 1: some missiles left, yeah they do. But we have to
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  Speaker 1: finish this off, and I think regime change is necessary,
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  Speaker 1: and I think absolutely eliminating any potential of a nuclear
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  Speaker 1: threat down the road is also incredibly essential. So I
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  Speaker 1: think there'll be some other round of hostilities.
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  Speaker 2: Yeah, well that might not be a bad thing. You're right.
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  Speaker 2: You got to finish the job. And then what happens
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  Speaker 2: to oil and what happens to inflation.
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  Speaker 1: Well, if they open up, if the Strait of Hormuz
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  Speaker 1: opens up overnight, the price of oil will come down
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  Speaker 1: twenty percent and it'll continue to drift down as oil
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  Speaker 1: begins to flow through the strait. There has been some
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  Speaker 1: damage done to oil infrastructure in the Middle East. It'll
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  Speaker 1: be repaired in a year, will be back to where
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  Speaker 1: we are, and oil prices will be down to sixty
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  Speaker 1: dollars again, if not lower. Because I think people are
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  Speaker 1: really underestimating what's going on. In Venezuela. What's going on
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  Speaker 1: in Alaska. You know, Alaska production in the next couple
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  Speaker 1: of years is going to be up half a million
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  Speaker 1: barrels a door day, and that's just incredibly powerful. And Venezuela,
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  Speaker 1: it'll take a little while because Venezuela new fields are offshore,
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  Speaker 1: but eventually we're going to see a pretty big bounce
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  Speaker 1: there too. So again, Western Hemisphere energy, the United States
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  Speaker 1: energy is in great shape. The rest of the world
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  Speaker 1: has so much so too bad. You know, they placed
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  Speaker 1: their bets in the wrong place, and China really did.
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  Speaker 1: China really isn't a pickle in terms of oil supplies.
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  Speaker 1: They may have a big strategic petroleum reserve, but they
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  Speaker 1: don't have new vendors look in their way. So anyway,
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  Speaker 1: I think inflation and all that will be mended is
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  Speaker 1: just going to take a while.
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  Speaker 2: Wow, Hey, Liz Pik Kevin Warsh takes over a new
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  Speaker 2: FED chairman. He's been confirmed. Will Jerome Powell leave or
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  Speaker 2: do we have to go to landlord tenant court to
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  Speaker 2: get him out of the building something like that.
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  Speaker 1: I don't know. I think it's you know, look, I
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  Speaker 1: think his nose is out of joint he's really furious
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  Speaker 1: that Trump for charging him with, you know, potentially criminal
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  Speaker 1: activity in the overruns on the cost of the FED building.
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  Speaker 1: I think that was a stupid mistake on Trump's part.
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  Speaker 1: I'd like to now J Powell saying he's going to stay.
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  Speaker 1: That's just you can have two kind of quasi FED
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  Speaker 1: chairs and I think, frankly, it'll be humiliating for him.
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  Speaker 1: So if I were he in the next over the summer,
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  Speaker 1: I get off the board. And my guess is that's
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  Speaker 1: what he'll.
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  Speaker 2: Do, all Right's hope. So also, when we get rid
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  Speaker 2: of Kathy Hochel, we want Bruce Blakeman to win, start
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  Speaker 2: to get the normal samee management back into New York.
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  Speaker 2: You think it could happen.
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  Speaker 1: Mark, you need a revolution in the Republican Party in
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  Speaker 1: New York, and I wish your luck on getting that.
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  Speaker 1: Until the leadership has changed. We need energy, we need money.
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  Speaker 1: We need some of the billionaires who've moved to Palm
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  Speaker 1: Beach to be shaken down for money for New York.
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  Speaker 1: You can't win a solid Democrat victory. I mean, you
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  Speaker 1: can't overthrow this legislature. It's got to be from the
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  Speaker 1: ground up. It's a huge undertaking. I wish Bruce Blakeman
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  Speaker 1: all the luck in the world. I hope he wins.
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  Speaker 1: I don't think it's going to happen unless we really, really,
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  Speaker 1: you see a push by the Republican leadership, and I
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  Speaker 1: just don't see that happening.
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  Speaker 2: That's a good point. We don't really have a Republican
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  Speaker 2: Party in New York.
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  Speaker 1: What we have, no, we do not, No, we don't.
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  Speaker 2: These old ladies who hold these book signings in these
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  Speaker 2: Republican clubs and take selfies with the author, that's about
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  Speaker 2: all they do. You need a party runs the ground game,
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  Speaker 2: runs all the door knocking, all that stuff that you need.
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  Speaker 1: That's right. Yeah, And frankly, the National Party doesn't care
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  Speaker 1: because they've just written off New York and it's a tragedy.
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  Speaker 1: I mean, we have some good Republicans. I think Claudia
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  Speaker 1: Tenney and Mike Lawler and Nicole Melly attackus. They're all terrific,
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  Speaker 1: and you know, but if you talk to them, they despair.
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  Speaker 1: They just don't get any help from the National Party
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  Speaker 1: at all.
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  Speaker 2: No, that's terrible. Well, really it is always Liz Peak
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  Speaker 2: and everybody read her columns. You go to foxnews dot
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  Speaker 2: com where else can they read them? Are the Hill?
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  Speaker 1: At the Hill today, I have a piece out on
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  Speaker 1: the Hill about Mamdani's budget nonsense. Yeah, and the fact Mark,
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  Speaker 1: you ought to take a look, because I mean, honest,
• 11:00
  Speaker 1: Bernie Sanders is all over Twitter going, oh my gosh,
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  Speaker 1: this is amazing. He drove the deficit to zero, blah
• 11:07
  Speaker 1: blah blah. By the way, it's the law that you
• 11:09
  Speaker 1: have to make the budget balance. All of his fixes
• 11:12
  Speaker 1: and little sort of puppet playing it is not going
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  Speaker 1: to do the trick and people need to know it.
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  Speaker 1: I think the left is terrified that Mam Donnie's failing,
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  Speaker 1: so they're stepping up here big time in social media
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  Speaker 1: to back him up. And it's just really pathetic.
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  Speaker 2: Well read Lizpeak's column at The Hill reader at Foxnews
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  Speaker 2: dot com, but make sure you go to her website
• 11:31
  Speaker 2: and sign up for the daily news analysis. Go to
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  Speaker 2: lizpeak dot com, Lizpeak dot com. Lizpeak, thanks for being.
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  Speaker 1: With us, Hey, thanks so much for having me. Mark,
• 11:41
  Speaker 1: have a great weekend.
• 11:42
  Speaker 2: All right, take care, Hey, don't forget At noon Buck
• 11:45
  Speaker 2: Sexton and Klay Travis. I love that show every day
• 11:47
  Speaker 2: noon to three. Then at three o'clock the most listened
• 11:50
  Speaker 2: to radio show in America, Sean Hannity. I'll be filling
• 11:53
  Speaker 2: in for Sean today and we'll replay the whole interview
• 11:57
  Speaker 2: with Donald Trump talking about what happened the summit. So
• 12:00
  Speaker 2: that's coming up. And don't forget At nine, the Great
• 12:03
  Speaker 2: Jimmy Faylor