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[00:00:00]

The big tech companies censor our content. I hate to tell you that it's still going on in 2024. But you know what? They can't censor live events. And that's why we are hitting the road on a fall tour for the entire month of September coast to coast. We will be in cities across the United States. We'll be in Phoenix with Russell Brand, Anaheim, California, with a vague Ramaswami, Colorado Springs with Tulsi Gabbard, Salt Lake City with Glenn Beck, Tulsa, Oklahoma, with Dan Bongino, Kansas City with Megyn Kelly, Wichita with Charlie Kirk, Milwaukee with Larry Elder Rosenberg, Texas with Jesse Kelly, Grand Rapids with Kid Rock, Hershey, Pennsylvania, with JD Vance Redding, Pennsylvania, with Alex Jones, Fort Worth, Texas, with Roseanne Barr, Greenville, South Carolina with Marjorie Taylor Greene Sunrise, Florida with John Rich, Jacksonville, Florida with Donald Trump junior. You can get tickets@tuckercarlson.com. dot hope to see you there. Welcome to Tucker Carlson show. It's become pretty clear that the mainstream media are dying. They can't die quickly enough. And there's a reason they're dying because they lied. They lied so much it killed them. We're not doing that. Tuckercarlson.com comma, we promise to bring you the most honest content, the most honest interviews we can without fear or favorite.

[00:01:24]

Here's the latest. So what, okay. What is happening in Ukraine right now? The coverage of the war has sort of fallen off the front page in the United States, partly because the election, I assume, but partly because there are probably developments that our media don't want to talk about. But what is the state of it right now, would you say?

[00:01:44]

Well, Ukraine's losing the war on the battlefield. That's the basic point. There's been a bit of a diversion with the, an incursion of some brigades of Ukraine and NATO mercenaries, so called, into a fairly rural northern part of Russia. That got a lot of attention, but it's militarily meaningless. On the real battlefront, Ukraine has been attritted. In other words, they just don't have the people, they don't have the weapon systems, they don't have the air defenses. And so Russia is continuing. Russia has said all along we can negotiate, we can stop, but we have issues and the west has, and the US and especially Britain. No, no, we're going to win. We're going to win. So Ukraine loses one to 2000 soldiers a day, dead and wounded. Yeah, a day. This is a terrible, terrible onslaught. But nobody counts the dead in the Kiev leadership or in Washington or in London or in Warsaw. And so this continues because no one wants to take any responsibility in the west for bringing it to a close.

[00:03:11]

But there is kind of a forcing action with this election, because if there is a change in administration, then presumably there will be a change of course in us policy toward Ukraine. I mean, I hope anyway, if Trump wins, so does that provides an incentive to the current administration to, I don't know, what kind of scenario does that set up?

[00:03:32]

Well, there's nothing really that this administration going out is going to do. I don't think the president probably is in any mental state to lead anything at this point. So I think we're kind of on autopilot, which is a very bad place to be in general in a dangerous world. There are no active discussions that we know of between the United States and Russia, which is the essence of the sine qua non of ending this war and ending it on a responsible basis. This is a war between the United States and Russia. It's not a war between Ukraine and Russia. This is the most basic point. This is a war provoked by the US, with us intentions, with us aims, for NATO enlargement. And it would take a president that understands the basics of this and why this was so wrong headed and such an absurd and tragic idea that dates back 30 years now inside the us security state to bring it to a close. But Biden was not that person. Clearly, Biden bought into this whole reckless approach 30 years ago already and has been part of this tragic adventure that was somehow going to bring down Russia.

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But in the end, it's destroying Ukraine. So, yes, we need a new president, and we need a president that honestly understands what this has all been about. And the one thing we've discussed and the one thing that's absolutely true is the american people have never been told what this is all about. They've been told exactly the opposite.

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And I don't think even now there's an appreciation that NATO forces, clearly US forces, in some form, federal employees or federal contractors, are fighting in Russia. Fighting Russia.

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Oh, this is absolutely clear.

[00:05:48]

We're at war with, we have a hot war with Russia right now.

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We are in a hot war because it's not only our financing, our equipment, our aims, our objectives, our strategy, our advice, but it's our personnel on the ground. They are not necessarily in us uniform. Sometimes they're called mercenaries. Sometimes they're just not identified. But they are calling the shots, and Russia knows it. And that by itself is a big reason for alarm.

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Well, especially because Russia doesn't need to lob a nuke into Poland or Europe or the United States to fight back. Russia could disable critical american infrastructure without being obvious about it. We're very vulnerable if Russia decides to strike at us.

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Well, the horrible thing about this war from the start was that it could never conceivably have made sense for the United States to cross Russia's red lines, because either Russia would win on the battlefield as it's doing, or Russia would lose on the battlefield and then escalate. And the escalation could be in many forms, like you say, it could be attacks on us interests around the world through proxies, or it could be, as the Russians made clear, if they're losing tactical nuclear weapons to start and with escalation always in sight, if Russia was really profoundly threatened. So in the end, there was no path to success of a venture that started back in the Clinton administration, continued with Bush, Obama, Trump and Biden, which was to push NATO to Ukraine despite the clearest possible, brightest, biggest red line that Russia could convey in peacetime, which is don't do that. And Russia's attitude towards NATO and Ukraine was exactly analogous to what our attitude would be to a russian military base on the Rio Grande in Mexico. It would be, don't try that. And this is obvious, it's not subtle, it has been expressed for more than 30 years.

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But now we know, and more and more comes out and will come out. But Clinton approved this plan in 1994 that NATO would go east, including to Ukraine. Zbig Brzezinski laid it out in 1997 in an article which I always asserted was not Brzezinskis idea, but his way of telling his colleagues in the civilian sector, lets say what was already decided and that is that, yes, of course we will go all the way to Ukraine. It became public in 2008 when George W. Bush junior pushed at the Bucharest NATO summit the commitment to enlarge NATO to Ukraine. It became a cause of war in February 2014 when the US conspired to overthrow a ukrainian president that was against NATO enlargement, who wanted Ukraine to be neutral. Because that president understood if you are Ukraine between east and west, try to keep your head down and stay neutral. And he understood that. So we had to overthrow him and the US did. And that's when the war started. So this was predictably a failure on every scenario. The particular scenario that is unfolding right now for the moment is ironically perhaps the safer one, which is that Russia is winning on the battlefield.

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Because if Russia were losing on the battlefield, we would be seeing escalation to nuclear war. And everyone in punditry that says, oh, don't worry about that, that's a bluff. I profoundly resent the ignorance of those people. Generally when people are ignorant, I don't resent it. I try to help, but I correct it. Yeah, I resent the ignorance when it endangers my grandchildren. That's it. And they endanger my grandchildren by saying, don't worry about nuclear war. Ah, that's a bluff. And that I don't want to hear from anybody because anyone that says that understands nothing about the reality of our.

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The people who say that, I feel exactly the same way and I'm outraged by it and, but also distressed by it because of what it says about our leadership class. But I notice that a lot of people who say that are former us military officers working in some think tank, you know, Hudson or EI or CSIs or whatever, you know, all these.

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They're paid to say it.

[00:11:31]

They're paid to say it. But you also wonder where in the officer class are the wise people who in the Pentagon has a realistic assessment of risk and a deep concern for the future of the United States. Where are those people?

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There no doubt are some. But it's always a close call because we've known throughout the nuclear era there have been hotheads, irrational people, vulgar people who have called for nuclear war. We have come extraordinarily close to nuclear war. And we've had people in the us military all along who called for first strikes on various occasions against the Soviet Union, which in any plausible scenario could well have ended the world. And those people were in positions of authority. The case that ive studied most closely in my life is the cuban missile crisis. I wrote a book about the aftermath of the cuban missile crisis and Kennedys diplomacy in 1963 to pull back from the brink. But in the cuban missile crisis, almost every one of President Kennedys advisors said strike. And there is very good reason to believe that that would have led to a full scale nuclear war that would have ended civilization. Kennedy was in that case, almost the sole restraint within the senior us leadership. So we came extraordinarily close. And there have been other occasions where we have come extraordinarily close. We have. I don't know if we discussed it before, but it's one of my go to emblems for trying to help people understand the situation.

[00:13:40]

The atomic scientists who were dead worried about this from the beginning of the atomic age in 1945, established this emblematic doomsday clock in 1947 in the bulletin of atomic scientists. And what this is, is an expert view of how close or how far we are from nuclear war. We are the closest ever to nuclear Armageddon today during the entire period since 1947, according to this doomsday clock, the doomsday clock started a few minutes from midnight. Midnight meaning doomsday, meaning Armageddon. And it went farther away from midnight or closer to midnight, depending on how the cold War was unfolding, whether we were at the height of tensions or during a period of some pullback from the tensions. Well, suffice it to say that at the end of the cold War won and maybe it never really ended because the US never really changed its attitudes towards Russia. But at the end of the Soviet Union in December 1991 and the beginning of 1992, and with the arrival of the Clinton administration, the atomic scientists put the clock at 17 minutes from midnight. That's the farthest that it has ever been since the beginning of the nuclear arms age.

[00:15:28]

Every president since then has brought us closer to Armageddon. Clinton, Bush, Obama, Trump, Biden, everyone inherited a clock that they then pushed, I think, through us provocations and policies. All these wars of choice, all these invasions of the Middle east, all this NATO enlargement, all of the disdain for anything Russia or China says. How dare they even express an opinion? We're the only ones that can have an opinion. The disdain for Iran evil, this view has led to an aggressiveness and a hubris that has pushed us closer and closer to the brink. Because the whole attitude of the US since 1992 was, we don't have to listen to anybody, we don't have to listen to Russia. Russia's a gas station with nuclear weapons was of course the very unclever phrase. But the idea was, yeah, humiliate them, humiliate them. They only have 6000 nuclear warheads. What could possibly go wrong? Of course, the way we treat China, the casual talk in Washington these days about the likely war with China, you have people in service, generals, talking about, yeah, there could be a war with China in the next two or three years. Are these people mad?

[00:17:06]

Are they out of their minds? Do they have any idea what they're doing? But typically, and the theory of our system is we have a president, civilian, who is responsible for keeping our country safe, not pushing us to the brink. But of course we dont have such a president right now. Even when he was functioning, he wasnt keeping us from the brink. He was making declarations that for gods sake that man must go. Speaking of the president of Russia as if thats the american choice, well, thats not something one should say about even an adversary, but a counterpart that happens to be the second nuclear superpower. But that's how we have acted. And Biden walking off soon after his meeting with the Chinese President Xi Jinping and then muttering, I think it was, as usual, some kind of donor gathering. Oh, he's a dictator. The idea of the arrogance and the disdain and the silliness, but the attempt to humiliate the counterparts, that's why in this doomsday clock we are now 90 seconds to midnight. And from all that I see and know, I just got back from an extended trip through Asia and Europe and talked to many leaders along the way.

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Theres worry everywhere. There is absolute worry everywhere. Every leader I spoke to, and it was a number of them, what is happening with your country? Are we being pushed to war? Why do we have to choose between having trade with China or having trade with the United States or having trade with Russia? Why are sanctions on Russia applying to us and breaking our economy? I spoke to leaders all over Asia about these issues and the answer is, there is no good answer to this. And there is no way to say to them, don't worry, everything's under control, because it's not.

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Most of us, well, actually all of us, go through our daily lives using all sorts of, quote, free technology without paying attention to why it's free, who's paying for this and how. Think about it for a minute. Think about your free email account, the free messenger system used to chat with your friends, the free other weather app or game app you open up and never think about, it's all free. But is it? No, it's not free. These companies aren't developing expensive products and just giving them to you because they love you doing it, because their programs take all your information. They hoover up your data, private personal data, and sell it to data brokers and the government. And all of those people who are not your friends are very interested in manipulating you and your personal, political and financial decisions. It's scary as hell and it's happening out in the open without anybody saying anything about it. This is a huge problem. And we've been talking about this problem to our friend Eric Prince for years. Someone needs to fix this, and he and his partners have. And now we're partners with them. And their company is called Unplugged.

[00:20:40]

It's not a software company, it's a hardware company. They actually make a phone. The phone is called unplugged. And it's more than that. The purpose of the phone is to protect you from having your life stolen, your data stolen. It's designed from a privacy first perspective. It's got an operating system that they made. It's called messenger and other apps that help you take charge of your personal data and prevent it from getting passed around to data brokers and government agencies that will use it to manipulate you. Unplugs commitment is to its customers. They will promise you, and they mean it, that your data are not being sold or monetized or shared with anyone. From basics like its custom Libertas operating system, which they wrote, which is designed from the very first day to keep your personal data on your device. It also has, believe it or not, a true on off switch that shuts off the power. It actually disconnects your battery and ensures that your microphone and your camera are turned off completely when you want them to be so they're not spying on you and say, your bedroom, which your iPhone is. That's a fact.

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So it is a great way, one of the few ways to actually protect yourself from big tech and big government to reclaim your personal privacy. Without privacy, there is no freedom. The unplugged phone. You can get a $25 discount when you use the code, Tucker at the checkout. So go to unplugged.com Tucker to get yours today. Highly recommended.

[00:22:09]

Hey, it's Kimberly Fletcher here from moms for America with some very exciting news. Tucker Carlson is going on a nationwide tour this fall, and moms for America has the exclusive vip meet and greet experience for you. Before each show, you can have the opportunity to meet Tucker Carlson in person. These tickets are fully tax deductible donations. So go to MomsforAmerica us and get one of our very limited vip meet and greet experiences with Tucker at any of the 15 cities on his first ever coast to coast tour. Not only will you be supporting moms for America in our mission to empower moms, promote liberty, and raise patriots, your tax deductible donation secures you a full vip experience with priority entrance and check in premium gold seating in the first five rows, access to a pre show cocktail reception, an individual meet and greet and photo with America's most famous conservative and our friend, Tucker Carlson. Visit momsForamerica us today for more information and to secure your exclusive VIP meet and greet tickets. See you on the tour.

[00:23:40]

And there's no, I don't think, widespread understanding of this in the United States. How quickly things around the world are changing, the extent to which the us government is driving these changes, and the overwhelming sense from outside America, that America is in decline because of these decisions, like we're hurting ourselves in addition to a lot of other people. But here it seems like everybody in charge wants a war with Iran. And I just know from experience watching the Iraq invasion, which I never thought was going to happen, watching the current war with Russia, which I never thought was going to happen, that when everyone in DC starts saying, hey, let's have a war with somebody, you're probably going to have a war with that person. Are we going to have a war with Iran?

[00:24:20]

Israel just wants that war so much. And the Israel lobby is very powerful, so we could. But I've never seen such recklessness as this israeli government, reckless, extremist, provocative, assassinating counterparts left and right, and, of course, in the most provocative ways, assassinating the Hamas political negotiator in Tehran on the occasion of the inauguration of the new iranian president. You know, this is aiming for pulling the US into a broader war.

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Can I ask you something? I said, are we going to have a war with Iran? And you immediately said we're being pushed by another country to have a war. Is there any reason for the United States acting solely in its own interest to have a war with Iran?

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Of course, nothing. And it would be devastating because Iran has allies, including Russia. So a war with Iran could easily become world War three. World War Three, for everyone to understand, could easily become a nuclear war. A nuclear war. Whatever you're going to say or do with your children or your grandchildren, say it now, because the world won in a very quick moment. If we fall into that, I should.

[00:25:49]

Just pause and say, you wrecked my morning over breakfast today by describing at length the new Annie Jacobson book on nuclear war. I hope you will not.

[00:26:00]

I won't do it for everybody except that it's a remarkable book. It's chilling. I listen to it because I go for long walks. So I listen to it as an audiobook with the author, Annie Jacobson, narrating it in a very clipped, precise way. But it describes in meticulous, rigorous technical language based on voluminous research how the world could come to an end in a few minutes. And it's a very serious book and it's completely chilling.

[00:26:35]

It's called nuclear war.

[00:26:37]

Nuclear a scenario by Annie Jacobson.

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I just ordered it after our conversation, though. I don't want to read it, but I'm going to make myself. I'm sorry to interrupt. I just want to throw that out there because it sounded important. But you don't think if the United States were acting in its own interest, that war with Iran would even be on the table.

[00:26:54]

If the US were acting in our own interest, we would not even have an argument with Russia right now. We would not have an argument with China right now. We would not have an argument with Iran right now. We'd actually be trading, having peaceful relations, and by the way, not to mention saving some hundreds of billions of dollars a year so that we could fix our roads and our potholes and our broken elevators and escalators and our decrepit passenger rail travel in this country. I keep having to get off of trains that are broken down because Amtrak breaks down all the time, it seems, or maybe only when I'm riding it. But in any event, yeah, we could actually do something for our country if we were less obsessed about or less drawn into these conflicts, which are all solvable on a political level without war. But we don't want to do politics. We are the United States, or we are the Israel lobby, or we have a plan that goes back to 1994 to expand NATO, completely contrary to what we promised the Soviet Union and Russia back in 1990 to 92. We cheated, we lied, but we're going to do it.

[00:28:22]

So we're, in a very funny way in this country, obviously, major challenges at home of just basic living conditions and infrastructure and keeping up with things. Yeah, of course, we. We've got some dazzling technology and some very rich people, but we've got a lot of people in this country that are not living that way. And we're not attending to any of it, because the most important thing for us is picking fights or being drawn into other people's fights. And Israel's trying to draw us into a broader war in the Middle east that is completely, totally, 100% against american interests. Now, I would say that I give very little credit to this administration for anything, but I would say they give signs that they don't want to be pulled into a war with Iran. And they know that Israel is trying to provoke that. And they're torn because the Israel lobby is really powerful. And it's clear the games that Israel is playing in provoking Iran and Hezbollah, northern Lebanon, and essentially at the core, being unwilling to talk about any political settlement that gives the palestinian people a state and some rights as the way to end all of this conflict.

[00:30:02]

And instead, what Israel wants is that the US protects their most extremist positions. And this is, of course, not in the us interest. It's not in the us interest to be in a war with Russia. Why should we be in a war with Russia. Russia told us absolutely. And by Russia, I mean President Putin, and before him, President Yeltsin. And I was an advisor to President Yeltsin. The russian presidents told us absolutely clearly we can cooperate, we can have normal relations. But don't crowd us with your military bases on our border, something the United States leaders should understand the exact meaning of, because we set that position 201 years ago in the Monroe doctrine, and we have repeated it basically every year since, which is don't crowd us with your military in our neighborhood. That's all. That's all the Russians said. We absolutely refused to listen to this. What did the Chinese say? Something very, very simple. The Chinese say, we are one China. You, the western countries led by Britain in the 19th century and then with all of the imperial powers, including Japan at the end of the 19th century and into the 20th century, tried to dismember us.

[00:31:49]

China, you tried to pull us to pieces. You conquered territory, you invaded us many times. In fact, to my mind, the most cynical war of modern history was Britain's invasion of China in 1839, called the First Opium War, which was to force China to accept british opium in trade. The Chinese knew we don't want to become opium addicts. And Britain said, hell, this is free trade. It's our opium. As if know the colombian cartel would invade us on free trade principles. So in any event, the Chinese are saying one thing, don't. Don't dismantle us. Okay? We went through that. We went through 150 years of that. So Taiwan, that's part of China. You said it. United States. That's the basis of our diplomatic relations. Provoking. That's all we can have perfectly normal relations, but don't play the game of trying to break us apart. But we have forces in the US that seem compelled to make trouble, literally, that we must provoke. We must overthrow Russia, we must divide Russia. We must dismember China. We must not allow other countries just to get on with things. That's all the other countries are saying. When I say these things, it sounds so weird, by the way, to Americans who are reading the New York Times or reading the Washington Post or reading the Wall Street Journal, because, Mister Sachs, China's our enemy.

[00:33:34]

They're doing all these terrible things. Russia, they're the imperial blah, blah, blah, because we're fed a bunch of lines that are complete nonsense. But if you say it again and say it again and say it again, and the US, you know better than anybody, USG trying to control the narrative, trying to control what we hear, trying to control what social media can say? Well, the simplest truths become completely clouded. So the point is, you ask me, does the US have an interest in war with Iran? Of course not. Does the US have an interest in war with Russia? Of course not. Does the US have an interest in war with China? God forbid, is my only answer, would be probably the end of the world.

[00:34:31]

I think there's a widespread recognition of that, that we can't win a war against China, obviously, and I think most people know that, that we're not winning our current war against Russia. Most people understand that. But I think in the public mind, I'm just guessing, but that Iran seems very far away and primitive, and maybe it is a country we can kind of push around and maybe we could have some sort of limited engagement with Iran and kill the leadership, and then the freedom fighters take over and it becomes a democracy again. I think people may believe that. What would you say to them or to our policymakers who are making that case?

[00:35:07]

Let me start by saying that Iran, or Persia, to use its classical name, is one of the greatest and ancient civilizations on the planet. And it is an amazing civilization and an amazing place, and a highly sophisticated country of about 100 million people and a highly technologically sophisticated place, including a militarily sophisticated place. And we have known that. And one of the concerns about Iran is that with all of that technical sophistication, they felt threatened by the United States and threatened by other neighbors as well, and have had a program to develop nuclear weapons of their own. And that seems no doubt to be true. And what the Iranians said is, if we had the right geopolitical context, where you're not threatening us, where you're not trying to crush us, where you're not trying to overthrow our regime, we will end that nuclear program. But if you're trying to overthrow us and threatening us and damning us in every possible way, how can we deal with you? And that led to a number of years of negotiation. And the negotiations culminated during the Obama last years of his government, in a treaty that was called the JCPOA, the joint comprehensive agreement in which Iran would stop its nuclear arms development and we would end the sanctions on Iran and normalize relations.

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Well, our neocon world, and especially the Israel lobby, could not accept that because Iran is the pure enemy from Israels point of view. And so the Israelis, to my mind, in a kind of mad, self defeating, devastatingly wrong headed approach, convinced the Trump administration. And Bolton was there, of course, doing his usual job of messing things up, which hes done all his career to break this agreement. The US kept sanctions, pulled out of the agreement with Iran. And where are we today? Well, where we are today is that it's commonly said and reported that Iran is now either already with the nuclear weapons or with the nuclear weapons within reach in days or weeks because it has been enhancing its uranium and it could make a nuclear weapon if it chooses to do so. In other words, pulling out of diplomacy solved nothing. It didnt end any threat, it didnt topple any regime. It only pushed Iran to continue the course that it was on and to put Iran and the US on this collision course. Now Israel is trying to provoke an outright war on this basis. The idea that diplomacy, that normal relations, that an agreement that actually was reached and backed by the UN and backed by all the major powers, including the United States and Europe and Russia and China and the United nations, that maybe diplomacy could solve something that of course is utterly rejected by Israel and by the Israel lobby.

[00:39:51]

And what Bibi is trying to do, what Netanyahu is trying to do, is to pull the US into a full fledged war to destroy Iran.

[00:40:03]

But if he wants a war with Iran, just go have your war with Iran. Why do we have to be involved? What do we have to do with this? I dont understand.

[00:40:10]

If Israel were to have a war with Iran, Iran could and would cause grievous damage to Israel. And Israel might in the end, by the way, use its nuclear weapons.

[00:40:29]

And why not? I mean, look, people face problems like this not just geopolitically or on the global stage, but in their daily lives. Like, I would like this, but there are restraints on what I can do because of things I can't control. Maybe I hate my neighbors, but you have to. These are the things you deal with in life. Like, you figure it out.

[00:40:47]

If you don't like your neighbor, you think your neighbor's a little bit dangerous. Do you provoke them every day and try to humiliate them and do whatever you can to damage their interests, maybe invade their lawn, maybe destroy their shed? I don't think so. Yeah.

[00:41:04]

And it's like, I don't.

[00:41:05]

I don't think so.

[00:41:06]

That's not good for you or for anyone else. I guess what I'm saying is I certainly don't want Israel or any other country to be destroyed or have a war. But I'm still baffled by why we have to be involved. Like, what in the world do we have to do with this? We're the United States of America. We're on the other side of the planet. We dont have any connection to Iran. Why would we even consider fighting Iran? This is just nuts.

[00:41:30]

We would consider it because Iran is our implacable foe, according to the Israel lobby and according to a propaganda that, of course, went back to the hostage taking crisis of 1979 and the revolution in Iran. And like so many things in our world, you can tell a narrative as you like, as long as you hide every bit of real history. So Iran was not an enemy of the United States in some natural and implacable way. But in 1953, when a democratically elected and popular and very decent and clever leader of Iran thought that maybe Iran should get some more benefit from oil that Britain was willfully extracting, in imperial terms.

[00:42:40]

It's oil. Iranian oil.

[00:42:42]

Sorry. Yes, well, as the old joke said, how did our oil get under their sand? You know, this was, this, of course, is their oil. But the vision of imperial powers was, we can go where we want, when we want, and it's really our oil. We need your oil. Thank you very much. That was the british view. The british empire was nothing. A nice little fair enterprise. The british empire was a completely extractive empire. Well, suffice it to say, and the point I was going to make without diverting us so much, is that in 1953, Britain and the US teamed up to overthrow this democratic government. We love democracy, so let's put in a police state, which is exactly what we did. So we overthrew the democracy. We put in a monarch, which became a police state. And the Iranians lived under that, and they didn't like it. And in 1979, as the Shah of Iran that we installed through a coup, a CIA mi six coup, was dying of cancer, the Iranians said, okay, we want our country back. And that, of course, was the occasion at the time for the hostage taking of our diplomats, because it's a long story, but Carter had taken the shah in, who was the mortal enemy of so many people in Iran after decades of his policed state.

[00:44:31]

Well, all of these issues have history and ways to resolve them. And by the 1990s or by the early two thousands, had we behaved like normal adult people? Well, maybe not normal, but peace seeking people. This could all have been long ago, past history. But what did the United States do? The United States, after the release of the hostages, armed Iraq to attack Iran and to kill hundreds of thousands of Iranians during the 1980s, including with chemical weapons. That was our ally. One should recall Saddam Hussein, our ally, who we executed, of course, who we later executed, which we do for most of our allies.

[00:45:29]

So this is a stressful time of year. The kids are going back to school, vacation is over. It's the height of a presidential election season. There's a lot going on. You need a good night's sleep, but it's never been harder to get it. So we're talking about this in the office the other day and a couple people who work here were raving about a product called ate sleep and I wanted to know more about it. It turns out that temperature has a lot to do with whether or not you sleep comfortably and wake up feeling rested like you actually slept. Now the makers of eight sleep pod figured out that if you make a climate controlled mattress cover, you can add to your existing bed. You don't have to buy a new bed, just the COVID that it changes everything. You get far fewer problems with falling asleep and staying asleep and so you feel rested the next day. Sleep actually has its desired effect. The eight sleep pod can be used to warm up or cool off your bed. And that matters because temperatures change seasonally. We have climate change in this country. Its called winter and so you can feel comfortable all night long.

[00:46:29]

It even adjusts to different preferences on either side of the bed, which might be helpful in your relationship if you have one of those relationships where the different partners want different temperatures. And those are pretty common. The eight sleep pod has been studied. Its been proven to improve peoples sleep and health. Mark Zuckerbergs into it, Elon Musk on the other side, many others use this product, including people here. So try it. Go to eight sleep.com tucker. Use the code tucker to get $350 off the pod for ultra recommended.

[00:47:13]

But the point is we don't seek peace. And especially after 1991 when we got the idea that not only do we not seek peace with anybody, no one can touch us. We're the most powerful country. We can do anything we want. We're the world's sole superpower. We're the indispensable nation. We are the greatest colossus in the history of the world, including the roman empire. Every one of those things was said bye again. I'll say grownups who don't act like grownups. But the idea was we can do anything we want. So Iran, you're our enemy. Axis of evil. We don't have to negotiate with anybody over anything. One of the points that's very interesting about the Ukraine war is a principle that we have. It's stated article ten of the NATO charter that we are so proud of, which is that Russia has no say in any decisions we want to make about enlarging NATO up to Russia's borders, that this is not a matter of any legitimate interest of Russia. That's explicit. That's called our open door policy, which is we don't accept, even on principle, the idea that Russia has any say or any interest in whether Ukraine hosts us military bases and us missile systems.

[00:49:00]

Putin was told by Blinken, according to very knowledgeable sources, in January 2022, that the US reserves the right to put missiles in Ukraine next door. Putin said, ah, but I thought President Biden said that us wouldn't do that. And apparently I wasn't in that conversation. But apparently the response of Secretary Blinken was, no, no, no, we reserve the right to do what we want. Those are our systems. This is not something you have a say about. So this is our approach to the world, which is.

[00:49:39]

You just revealed something interesting. It sounds like Blinken's running the administration or its foreign policy.

[00:49:44]

Well, who knows? Who tells Blinken what to do?

[00:49:48]

Who do you think tells him what to do?

[00:49:49]

I think that it's important to understand this is a big machine. It's a trillion dollar plus machine. The military industrial system of the United States. It gets set in course in a pretty deep way. There's a strategy. The strategy is not changed when a new president comes to office. They may think they have some say about it, but they have not very much say. The strategy of NATO enlargement, as I said, goes back literally to 1994. So this has been a 30 year program. It's very deeply entrained. And President Putin has a nice line that I read recently in a forthcoming book where he talks about the fact that he's talked to us presidents. He said it in his interview with you, which is in the morning they say one thing, and then in the afternoon, they explain to you, well, it's the opposite, because someone has come to them to explain, no, it doesn't work that way. Condi Rice shows up, and in this, in this forthcoming wonderful book by a historian who tracks this whole period, he quotes Putin as saying that the president will say something. But then the men in the dark suits and blue ties show up and they explain to the president how it really is.

[00:51:14]

And I think that this is basically correct, which is there is a permanent state. It is a permanent security state. It is a big business. Remember, we have 750 overseas military bases. We have 6000 nuclear warheads. We have a trillion dollar military budget on the surface, not to mention other kinds of spending that aren't directly in that budget. This a big big machine. And this machine is out explicitly, according to every doctrine that is published. Also not just private, but published is out for what was already defined by the Defense Department decades ago as full spectrum dominance in every part of the world. Full spectrum dominance is an interesting term, but it means the United States will be the dominant power of every region of the world. It's a kind of crazy idea. I call it completely delusional, in fact, because as you travel and I travel, we see the world in a little bit more symmetric way. Yes, the US is a powerful country, but it's 4.1% of the world population. There's another 95.9% of the world population. They don't quite see themselves as being run by us in every region of the world.

[00:52:47]

And for the US to say we have full spectrum dominance in Central Asia, or on Russias border, or over other nuclear powers, or in East Asia, where China has a industrial base twice the size of the United States and a population four times the size of the United States, and hundreds of nuclear weapons and their own interests, and a civilization that is ten times longer lived than the United States that we dominate China, well, that just seems like a recipe for non stop war. And in the nuclear age, a recipe for at some moment, at, whether it's 90 seconds or whenever it is from now, triggering the absolutely catastrophic, unimaginable end. Because we provoke, we don't talk, we provoke. And this is the most important thing that any president needs to understand.

[00:54:04]

So if, and I do think Trump understands it.

[00:54:08]

He does, by the way, and JD Vance understands it.

[00:54:11]

JD Vance definitely understands, yes.

[00:54:13]

And this is extremely important because we've not even had candidates talk in this way from the major parties for years.

[00:54:20]

Let's say Trump wins, is allowed to win, to be too cynical about our system, which everyone wants to believe in. And I think it would be pretty tough to overcome what you've just described for anybody to overcome that. But let's say Trump wins. Trump and Vance win. What are the first things they should do to change the trajectory away from self defeating, away from the self harm that we're committing against our own country, and toward. Toward a series of policies that help the United States and restore sanity to the world? Like, what do you need to do?

[00:54:57]

You know, what both Trump and Vance are saying about Ukraine is exactly right, and it's completely spot on, and it's utterly urgent that it be heard and understood. And that is, there is no basis for this war. And that it was provoked deliberately, accidentally, on a bluff, whatever, by the US pushing this NATO business up to Russia's border in a way we would never accept in our own hemisphere. So they both get this. Exactly. And that's great. And they understand this is a completely losing proposition. And that's correct also, because if Russia wins, it's a losing proposition. If Russia loses, it's even a bigger losing proposition by the risk of nuclear war. So they get that very much. And Trump is absolutely right also that this war could end in a day that's not even, that's not even a rhetorical gloss. This war will end the moment a us president picks up the phone or uses my Zoom account, as far as I'm concerned, connects with President Putin and says, you know, that NATO enlargement, that was a bad idea. I don't know how that got started. I know went on for 30 years, but that's the end of the war.

[00:56:29]

The fighting will stop that moment. There will be things to resolve, but that will be the end of the war because that's the whole premise of this war. And to this moment, the current administration is saying Ukraine will be part of NATO. So they're guaranteeing that the war will go on. So Ukraine, they got it nailed down. What I would want to say to.

[00:56:53]

Them, but how do you do that even if you're president? I mean, you said a minute ago, presidents arrive in office with the fantasy that they're in charge, but they're not these bosses.

[00:57:02]

No, the presidents can be in charge. They will sit down and it's like we now see, I think I haven't read the new Poindexter book, which was just reviewed, which dumps on Trump, and the Bolton book, which I did read, parts of which I found revolting. But part of what these aides do is they try to trick the president. They lie to the president, they try to continue an aggressive agenda. So it takes smarts for a president to be able to pull this off. Absolutely. But the president actually has the power to do it. But they have to be really tough and really resolute. And they have to know that they're going to hear a lot of bullshit from a lot of people from their own dark suits in blue, with blue eyes. They will hear a lot of bullshit because this is a deeply entrained process. Yes. And so that it can be done. It's not impossible. And what makes it more likely right now is that I think we're at the end of a 30 year neocon cycle. Because, remember, this started 30 years ago. I saw the beginning of it. I didn't understand it at the time, I was advisor to President Yeltsin.

[00:58:38]

I saw the US was not being cooperative. I couldn't understand why you had a president that wanted democracy in Russia. He wanted normal relations. And the United States was saying, to hell with you, basically, on many different things. And I didn't get it then. But now I understand, of course, much better that this was the beginning of 30 years of we will corner you, we will defeat you, we may dismember you, but we will make sure you're a fifth rate country. Okay. That 30 years, I believe, has now been exposed as a terrible failure. So no one could call us foreign policy over the past 30 years as a success in any way. Every war we fought has been a disaster. Afghanistan, Iraq, Syria, Libya, Ukraine, these are all wars of choice that we decided that we went in and we've spent, depending on the count, $5 trillion, $7 trillion. We ran up our debt, we busted the economy, we ignored all of our infrastructure and our domestic issues for this remarkably delusional idea that we would run the world. So if Trump and Vance come in, or whoever comes in, they have one advantage, which was no one could call the current course successful.

[01:00:09]

And there are probably people in the deep state, not everybody, by any means, who know, my God, okay, we've done enough. No more perpetual wars. We better do something different. So the president has the. Certainly the constitutional authority, and if they're a smart leader, the capacity to push, and they're coming in at a moment where maybe the door is a bit ajar to a change of direction, by no means automatic. It's not like the Washington establishment is sitting up and saying, oh, we get it. No, but they can't be sitting there saying, it's all working great. So I think that there is that recognition. But the main thing I would say to President Trump and JD Vance, if they win or do, whoever is president, is that lesson that you understand about Ukraine is actually the same with China. That's even a more hard to accept and swallow idea in Washington right now, because in Washington, one idea, I think even JD Vance says it, but I really disagree, and I want him to use the same reasoning to understand it, is we have no intrinsic fight with China. It ain't true. We have to compete with China economically.

[01:01:45]

We have to compete with China technologically. Of course, we have to trade with China also. We should go visit China, by the way, because it's a wonderful place, but we have no intrinsic fight with China. And it's the same logic that they have understood, vis a vis Ukraine and Russia. We have no intrinsic fight with Russia. We have no intrinsic fight with China. So that's the main thing I want understood, which is all of these debacles are based on the idea that we have to run everyone else's business. We have to determine who's in power. We can even change their borders if we want. We can overthrow their governments. That whole approach has been a disaster for us. A multi trillion dollar, millions of lives lost worldwide, disaster of us foreign policy. And we don't need, for our security, 750 overseas military bases. We don't need that. They're expensive. We need to fix our roads, for God's sake. We need to make our country work properly. Because you and I see when we go abroad, the infrastructure abroad sparkles compared to what we live.

[01:03:09]

And that's the most distressing state. And it's not even. I've traveled my whole life, as I know you have. And, you know, you're used to thinking of the developing world and then coming back to the kind of respite of the United States.

[01:03:20]

Nothing like that anymore.

[01:03:21]

Pull into Kennedy or SFO or Lax or Boston Logan from abroad, and the first thing you notice is that it's dirtier and more chaotic. It's less attentive to the individual. It's harsher than the developing country you're flying in from. And it's so heartbreaking. You can't believe if people traveled more, we'd have a revolution in this country if they saw that turkey is nicer than the United States. What?

[01:03:48]

I had a wonderful.

[01:03:50]

Did you feel that?

[01:03:51]

I had a wonderful conversation with an italian political leader who I was in northern Italy, in Bolzano, beautiful city in the alps. And I was saying how sparkling all the infrastructure is. And he kind of sighed and said, yes, it's very nice, but it isn't. Oslo and Copenhagen there, it's even more. But then he said, and I was really surprised, but Oslo and Copenhagen, if you go to China right now, they're leaving those places behind, and that's what we see, which is absolutely true.

[01:04:24]

Well, it's just so depressing. It's just so awful. And it's. What's awful about it is that most people don't understand it. They don't know how thoroughly they've been betrayed by their leaders and by the advisors to their leaders, you know, the Bill Krystals of the world, who really just don't care at all about the United States at all. Not even. It's not even an afterthought to them, it's all about something very different, and they've been screwed. Like all the money went overseas.

[01:04:48]

Yeah.

[01:04:48]

All the energy is focused abroad, maybe.

[01:04:51]

In their little communities, wherever, wherever they live, things are nice enough. But for the rest of America, what are we doing? Why are we pouring unbelievable amounts of money and danger and lives into all of these conflicts? And so my main message to, because I really think Trump and Vance get it on Ukraine completely. But what I dont want is, and you hear it in Washington, is the idea, well, we have to stop that so we can take on our real foe, which is China or Iran or Iran. Theyre not our real foe in any way, shape, or form. We have issues with them. We have competition in the markets and technology, as I said, in many things. But theyre not an enemy, and theres no reason for them to be an enemy. And so its the exactly the same.

[01:05:49]

Logic, except on the question of Taiwan. I think there are a lot of people who maybe haven't thought it through, who feel like preserving Taiwan's sovereignty to the extent it has sovereignty, I guess, is a core american interest. What's your view?

[01:06:04]

The issue with Taiwan is that the United States policy, absolutely clear, it's the basis of our diplomatic relations with China, is what's called the one China policy, which is that Taiwan is part of China. As everybody knows, there was a civil war in China in 1949, the losing side of the civil war, the Kmt, the Kuomintang, fled in their remnants to Taiwan, which was part of it was actually for a period a japanese colony, because Japan had invaded the qing dynasty and taken Taiwan away. But it was part of China, traditionally in the qing period for centuries. But the ROC, the Republic of China, which was the losing side of the civil war, installed themselves as a military government on the island of Taiwan off the coast of the mainland. Now, whats interesting is that the Republic of China, that is the Taiwan installed government on the losing side of the civil war, said, theres one China but its us. And on the other side in Beijing, they also said, yes, we agree, theres one China but its us. And so there wasnt a disagreement of whether there's one China or two Chinas. There's one China, according to the Republic of China, and according to the People's Republic of China, People's Republic of China being the mainland, the place with the 1.4 billion people.

[01:07:47]

When the US normalized relations with the people's Republic of China, it said, we do so on the basis of a one China policy that Taiwan is part of China. But the understanding was that there are two systems, because Taiwan has developed now, actually, for more than a century, partly under the japanese imperial rule and then later under the KMT or the Kuomintang period, into a market based system. And China was not yet a market based economy at the time. So one country, two systems. And we said there should be peace across the Taiwan straits so that the two sides should resolve their differences amicably, which, to my mind, is a perfectly sound and achievable standard. So our policy is that there is one China, China's policy. By China, I mean the mainland. There is one China. And lurking in China's mind is, don't break us apart, because we had enough of you, the outside world, breaking us apart from 1839 to 1949, trying in every which way to dismember us, to invade us, which was done repeatedly, as I mentioned earlier. So China's position is, yes, there's one China. We want an amicable relationship with Taiwan.

[01:09:32]

We have accepted two systems and that principle, but we don't want the United States or anyone else provoking secession, independence, a war across this narrow straits, because both sides understand that there is one China and we should not be divided. But in the US, because it's part of our deep state ideology, it is provoke, provoke, weakendenness, create divisions, bad mouth, name call, support insurgencies, which we do. I hope no one's shocked about that. But that is standard CIA ops. And so there is part of our government which spurs secession or independence movements in Taiwan which would lead to war. Absolutely. And I tell my taiwanese friends, and I have many taiwanese friends, don't become the next Ukraine. Don't let the US create a disaster in your neighborhood. The worst words from the United States are, we have your back. That's what we told the post coup government of Ukraine in 2014. That is 600,000 dead caused by that kind of idea. So I tell my taiwanese friends, take a deep breath and don't be provoked into something extremely dangerous, because there are hotheads in the United States that want to provoke and that shouldn't be provoking and that provoke completely against our own diplomacy.

[01:11:31]

Now, in 1982, the US and China signed a communique. Very important people can go online and look it up. And it was a statement by the United States that said, we have no intention to arm Taiwan for the long term. We are providing arms for Taiwan now because historically, we backed Taiwan, but now we have established diplomatic relations with PRC. But we have no intention of doing this for the long term, in fact, we will taper off our arms support for Taiwan, and it will come to an end. That was 1982. That's like so many things the United States promises and then renegs on. It's essentially the same as the promise that was made to Gorbachev and to Yeltsin in 1990, 91, 92 that NATO would never enlarge. In other words, we say things, we sign documents, we make communiques, but we regard them as opportunistic moments because we want our complete freedom of action. In my view, our smart diplomacy would be very straightforward. We would not have what we call strategic ambiguity, which is a term that is so wrongheaded, in my view, but it is meaning we wont say what well really do about Taiwan and what we really feel will keep the other side guessing.

[01:13:17]

Why? So that we have an accidental nuclear war. What do we want them?

[01:13:21]

What's the purpose of that?

[01:13:22]

What do we want them to guess about? Exactly? What I would like us to say very clearly is, of course, we support a one China policy. We will not arm Taiwan over the opposition of Beijing, not only because it's one country, and we should not arm parts of another country over the opposition of the government that we recognize, but we understand it's incredibly provocative to do so. But on the other side, we and the world community expect China in, the government in Beijing and the government in Taipei in Taiwan to work amicably so that there is no military attack by China on Taiwan, and there is no reason in the world why they would do so if it's understood that it is one China, and it's a matter of working things out.

[01:14:28]

What about the argument you often hear that Beijing wants Taipei because of TSMC, because the semiconductors that the world needs, that AI will need in order to become a driver of the new world economy, et cetera, et cetera. But that's the prize. Semiconductors in Taiwan, and we cannot allow mainland China to have them.

[01:14:49]

Well, so many things. First, that supply chain will not be disrupted by the mainland for us and our needs, as long as we don't provoke a war. So from one point of view, we have a circumstance in our country that we design advanced microchips, but we don't produce them. And that was a decision that went back to the 1970s, where we basically decided as a matter of policy, not just at the industry level, but at the national political level, that we would outsource production to Korea, to Japan, and then in Taiwan. This came from a very clever person, Morris Chang, who established the Taiwan Semiconductor Manufacturing Corporation, TSMC. So nothing about TSMC per se is at stake in this. Actually, it is the case right now that the US is imposing sanctions on TSMC exporting advanced microchips to China. I don't support that policy at all. I think that the idea of doing it is wrongheaded and provocative and nothing actually in anybody's interest. It's part of the US misguided attempt to, quote, contain a country that is larger, very clever, technologically sophisticated, and will engineer around these restrictions in short order. And that's my guess.

[01:16:42]

With our technology export bans, we're not really accomplishing anything except speeding up China's ability to innovate around any of the us bans. So I don't see TSMC as really an important part of this story. There may be people who do. I think they're wrong, I believe, and that's the point I'm trying to make. If we don't provoke, if we treat China as we should, as another great power, as, by the way, a really great civilization with lots of wisdom and lots of history and lots of beauty and lots of culture and lots that can be shared with us as a great manufacturing power, but not one that is out to go conquer the rest of the world, because China is not. We will have perfectly fine relations. China will continue to develop. Interestingly, I think people should understand China is now a larger economy than the United States, but not in per capita terms. It's still around a third of the US per capita income level. So it's not as if we're facing some impossible threat that is about to overtake the United States. They're just trying to catch up for lost time. Theyre trying to develop.

[01:18:13]

Theyre doing an excellent job of it. Theyre very clever. Theyre working very, very hard. Theyre working very long hours. Theyre saving and investing a lot. Theyre building a modern economy. And all credit to them as far as Im concerned. Theyre doing it the right way, saving, investment, education, innovation, and catching up, which they needed to do after a really horrible 150 years. Basically, we want to announce something big.

[01:18:43]

That we've been working on for months now. It's a documentary series called Art of the Surge. It's all behind the scene footage shot by an embedded team that has never before seen footage of what it's actually like to run for president if you're Donald Trump. They were there at the Butler Township assassination attempt, for example, and got footage that no one has ever seen before before. And it's amazing. Become a member@tuckercarlson.com to see this series art of the surge. So everything you've said for the last, I don't know. I don't even know how long we've been sitting here. But last hour and a half or whatever hour and 20 it's been, I've never heard on NBC's CB's, read the New York Times. I mean, these are all ideas and perspectives that are just missing from big media outlets in the United States. You've been banned from those outlets after spending a lifetime on them. So the only reason that we're able to have this conversation is because we're doing it on social media, on alternative media. It seems to me that if you're running a regime, a government that has really unpopular and destructive policies, you have to shut down these kinds of conversations.

[01:20:10]

We just saw Pablo Durev, the founder and owner of Telegram, jailed in France.

[01:20:15]

Unbelievable.

[01:20:15]

It is unbelievable, but it's also believable.

[01:20:19]

No, but it's so crude and so disgusting and so dangerous.

[01:20:24]

Of course, it also strikes me as like a harbinger. I mean, that looks like the future to me. Will there be a free exchange of information 20 years from now?

[01:20:40]

It's a big question. I was on a show with someone that I've liked and known and you know him as well and that I've admired for decades, Dimitri Symes, whos a russian American who lives sometime in the United States, sometimes in Moscow. He was a young advisor to Richard Nixon, who, by the way, had a lot of intelligent ideas about relations with China and relations with Russia that I admire more and more in retrospect as well. But Dmitry Symes home was raided by the FBI. And I found it especially unnerving because I was on his show by Zoom, his talk show, very serious discussions about how to avoid nuclear war, the kinds of things we're talking about. And they're raiding his house. And, of course, we're seeing more and more of that all over the United States. We know, you know much more about it than I do, but we know, and your phenomenal interview with Bobby Kennedy also explained a lot of it, how much is being shut down on the social media, how the government basically leans on our leans on platforms that are trying to get some normal discussion going on. I don't know how much I'm supposed to say about it, but I think I can say that one of my favorites, Judge Napolitano, who I discussed these issues with, had his YouTube account closed for a week because of something that a guest said that suddenly they told him, that's one strike.

[01:22:53]

Do that again. That's two strikes. If it happens the third time, you're off permanently. This is a weird, dangerous situation we have in our country, which was founded on the principle that there is a marketplace of ideas, that you discuss things, that, that if you want to have a free country, you need an informed citizenry. It's absolutely fundamental, and it is completely at risk right now.

[01:23:20]

If you can be punished for criticizing a regime, isn't that regime by definition a dictatorship?

[01:23:26]

We are. In any event, it has to be understood. The american people have only the slightest say and slightest knowledge about what our government does abroad. The american people have more knowledge to some extent about what it does at home. But what it does abroad has been deliberately made highly secret and confidential for decades. And so some of it is obvious and in broad daylight, but all denied when it does it. I talked about the us role in the coup in Ukraine in February 2014. That is a covert regime change operation. According to the technical jargon. We do that for a living. This is how the US operates. Dozens and dozens of overthrows of foreign governments. I've seen many close up because I'm an economic advisor, I'm not a military advisor, but presidents say things to me or I see with my own eyes these occurrences, but none of it shows up in our domestic discourse. That's why that permanent state machine runs on its own to a large extent, and why it is the unique job of a president to stop it, because I regard the job of, of a proper job of a president is to stop the war machine.

[01:25:08]

It's the number one job. If you have a president that's not mentally competent. And I think that's probably the situation with Biden right now, or not. A very clever president, which may have been the situation before with Biden, or one who has bought into the military industrial complex, they don't even know what their most basic job is. So whether it's through laziness or being pushed or being lied to by aides or being of that mindset or being of no mindset, we are a war machine, and that is not known by the american people.

[01:25:49]

So the famous Eisenhower retirement speech, which.

[01:25:54]

I just watched, farewell address, February 17, 1961.

[01:26:00]

Amazing.

[01:26:01]

I'm almost sure that's the date.

[01:26:02]

Amazing.

[01:26:03]

I'm almost sure.

[01:26:04]

I've often heard it referred to, but I never, I've never. It's on YouTube. I watched it one day on the treadmill, and I was really struck by it. It's much more intense than it is given credit for being. But he seems to suggest this began with the war, the second World War. Do you think that's right?

[01:26:23]

Well, it began to with the National Security act of 1947. It began with the creation of the CIA and the empowerment of the CIA to engage in latently illegal, vulgar activities, of course, including assassinations of foreign leaders, overthrows of foreign governments, and to do so on a completely secretive way. And with an agenda, of course, the agenda which even predates 1947, it goes back to 1945 and by some accounts, even earlier, was that the CIA was the instrument to confront the Soviet Union, to defeat the Soviet Union, to overthrow the Soviet Union, to dismantle the Soviet Union, but that it was the instrument of our. We used to call it the war on communism. But what's interesting is that after communism ended, the war on Russia continued exactly the same way. So it's not really about communism.

[01:27:37]

Apparently not.

[01:27:38]

It's really about a big country that the US resents for being a big country. That's basically what this is about. The US does not like peers. And that was especially the idea of, why should we have peers? We need full spectrum dominance. We need to run things. We need to be the indispensable country. We need to be the world's only superpower. It's quite a vision. It gets you into a lot of trouble because most of the rest of the world doesn't see things the way you do. But that goes back to especially the institutional creation of the CIA because the precursor, the OSS, was doing things during World War Two. Okay, we were in a world war, but that kind of covert operation continued and it became a cornerstone of american foreign policy. But it means completely secretary.

[01:28:44]

It sort of took over the whole.

[01:28:45]

Government, though, by being completely secret. You can do things that are absolutely unbelievable. And, you know, I think you believe, but I certainly believe that the CIA had its role in the coup in the United States in 1963, which was the assassination of Senate.

[01:29:05]

I think that's confirmed. I mean, it was confirmed by me, by someone who saw the documents.

[01:29:10]

The implications of that are so profound. Not only was it a murder most foul, as Bob Dylan said in that incredible song that he wrote about it, but it, in a way marked the end of our democratic institutions because the presidents after that, maybe they are afraid for their lives. Maybe they are absolutely paralyzed. Maybe the CIA got away with something so extraordinary, a murder in broad daylight with plenty of eyewitnesses that pointed out that some. There was a conspiracy underway because shots were coming from different directions and they got away with a narrative that was so absurd, so shoved down our throats, that nobody believed it, but it didn't matter. And now it's 61 years later. So who talks about it? It's a footnote. So maybe they learned we can get away with everything, including regime change, in our own country.

[01:30:21]

Well, what do you think of the attempted assassination of Trump?

[01:30:25]

We don't know the story. It's absolutely shocking. We don't know the story. And whether we ever will know the story is, like so many other things right now that are huge events. We talked briefly about COVID You know, I think it came out of a lab. That's one of the biggest events in history. Oh, that's so passe. Who wants to talk about that anymore? Assassination attempt on Trump. That's. Isn't that weeks ago? That's, you know, that's old news. We don't even talk about that anymore. Blowing up Nord stream. Some cockamamie story. Yeah. Few people in a sailboat. Oh, it was Ukrainians. Oh, it was this. We have no attention span. We have complete lying from the government. We have secrecy and confidentiality. So we never actually resolve any of these issues because it's very hard to have a systematic, methodical discussion where one discusses and then where there's a response. The thing that gets me about Washington is they don't feel they have to respond to anything. And you watch the spokespeople, Matt Miller at the State Department, or Kirby in the White House, they smirk right in your face to tell you you are nothing.

[01:31:51]

We can tell anything to you. Do you understand? I mean, that's my interpretation.

[01:31:55]

I agree.

[01:31:56]

They smirk.

[01:31:57]

The contempt they have for the people who pay their salaries, who own this.

[01:32:01]

Country, is for the salary they pay. Can't they get the smirk off their face?

[01:32:04]

You know, it would be like getting spit at by your housekeeper. I'm sorry, you're fired now.

[01:32:10]

No, no, no. It's exactly. You see it that they know that they're. They have the little laugh at the end, so it's. It's the carefree lie. But we're talking about absolutely essential issues, and that's what's missing in our discussion right now. And it is closed down systematically. If you try. You just can't discuss the things.

[01:32:40]

Can I take it I have trouble staying on track as well. There are so many questions. But just back to Durov. Paul Durov in jail in France right now. Is there any chance the Macron government arrested him without coordination from the Biden administration?

[01:32:57]

Probably not. I think the network that people should understand. Again, it's not exactly out there to go read off the shelf how it works, but the intelligence agencies are a network in and of themselves. So whether Blinken knew about this beforehand, I don't know. Did the CIA know about this? Far more likely. It's interesting when you look, for example, at negotiations, these endless, hopeless negotiations on a ceasefire in Gaza, hopeless, by the way, because of israeli absolutely lack of interest in the ceasefire, just to say that. But when you look at when the negotiations take place, who goes? You would think it might be our diplomats. No, it's the CIA and Mossad. It's a little weird. Those are quote unquote intelligence agencies. They're doing the negotiations. That part's not hidden because you have to say, okay, Mossad and the CIA and Hamas.

[01:34:07]

Why would CIA. So as if it's its own government.

[01:34:10]

Or as if it's the leader of our foreign policy. Exactly.

[01:34:14]

I thought CIA was, by charter, an intelligence gathering agency.

[01:34:18]

By charter, it is two things, by the way. Literally, by charter, it is an intelligence gathering agency and it is any other mission. That is exactly how it became the covert operations enterprise. And one more thing, I think that is worth pointing out, by the way, about CIA, because we should take note of it. There has been one and only one congressional review of the CIA, and that was 49 years ago, 1975. Next year will be the 50th anniversary of the church committee. And maybe President Trump and Vice President Vance, if they're in power, maybe they would call for another congressional.

[01:35:07]

Trump, in his intro of Bobby Kennedy on this past Friday, when Kennedy endorsed him, said that he would like a commission to look into the CIA's involvement or look into the Kennedy assassination.

[01:35:21]

You know, it's interesting, it was a very strange confluence that allowed that one time for the CIA to be looked into because Nixon had resigned, Ford was president, but had come directly from Congress. And so Ford had this sense in 1975 that he wasn't directly elected president and he respected Congress because he really came from Congress. So he actually told his chief of staff, who was Dick Cheney, let this happen because Cheney was trying to close down church and probably could have closed down the church commission. But there was this odd confluence that enabled this tiny moment when the CIA operations could be reviewed. When they lifted the COVID it was horror after horror after horror, because when church started, he didn't know that he was going to uncover a plethora of assassinations and assassination attempts and mass surveillance of the us public and regime change operations and many other things. Well, that cover was put back down. As Bobby said in your interview with him, those committees in Congress that are, quote unquote, overseeing the CIA are the protectors to make sure that no one looks right now. But it's been 50 years, a half a century since we've had an account of what has really gone on.

[01:37:03]

Well, I see things. I don't like what I see, and I don't see them because. Because somehow it's my area of knowledge or responsibility. I see them on the side. Like when the president of Haiti told me one day, Jeff, they're going to kill me. They're going to take me away. And I said, no, no, no. And I thought he was being figurative, and I. Metaphorical. And I said, no, everything's going to be all right. I'm going to help you get this loan. Of course, the upshot of it was, as usual, I was naive. And they took Aristide out to an unmarked CIA plane one day as president of Haiti and flew him to the Central African Republic and deposed him and deposed him, literally in broad daylight. I mean, it was the middle of the day, and the us ambassador walked him out to this unmarked plane. But the interesting story for me was that I called, since I was an economic advisor a little bit, and a friend, and don't like presidents getting taken out to CIA unmarked planes and flown to center of Africa. I called the reporter on the beat of the New York Times, and I said to her, I, could you cover this story?

[01:38:33]

There's just been a coup. She said to me, my editor's not interested. My editor's not interested. That's a literal quote, because my jaw dropped, so stunned, even the phrasing of it. But the New York Times would not cover a coup in broad daylight by the ciataine in Haiti when it occurred. And why do you think that is? Because these are organizations that serve the american power structure, and they are both suborned by them because they get their information from the CIA. They probably have literal people on staff that are part of the USG in one way, and their sources and everything else. And they view it as patriotic also, when the government says, not a good thing to handle. So they don't view themselves as the defenders of democracy. They view themselves as the defenders of the permanent state, and they absolutely do.

[01:39:47]

So you think that the intel agencies play a role in shaping news coverage?

[01:39:51]

Well, I think that there's no question at all. Some places are just literal mouthpieces of the CIA. And I don't think anyone doubts that the Washington Post is just the place where you, the CIA, issues its statements, sometimes, by the way, helpful, because sometimes the intelligence community wants the public to understand something that's right. So it's not all wrong or all misinformation.

[01:40:18]

No, that's absolutely true.

[01:40:20]

But of course, that is the place to go to. To hear what the CIA says.

[01:40:27]

And the Wall Street Journal. The Wall Street Journal, too.

[01:40:29]

Yeah, it's. It's not subtle. It's. It's not even close. What's amazing, though, is that any counter narrative, there's no room for that in any of these papers.

[01:40:44]

So then you have the CIA or the whole panoply of agencies, but acting not simply as sources, but really as masters. Like, they're controlling the coverage.

[01:40:55]

The idea is, as you know, I think the most important cliched word is the narrative. There needs to be a story. They control the narrative. It's like Orwell told us, he who controls the past, controls the present. Who controls the present, controls the future. They have to shape the past. They have to define everything. They need their narrative. And that's what these mainstream outlets do, is have their narrative. They have completely, completely lost the idea of even one time saying, well, theres this argument, and then theres the argument on the other side. And perhaps having competing columns or trying to understand this. I think we talked last time I tried to get 700 words in the New York Times. I got up to the point where they actually edited my piece before they killed it. But they would not run a 700 word story from someone who knows, I think, about as much of. About the Ukraine crisis going back for more than 30 years as I'd say, most of the people that write for them, and they won't. They're not interested in any other side. There's a narrative, and so that is how it works.

[01:42:23]

The narrative does not have to be believable. By the way, most of the time, it's not believed the Warren, Russia blew.

[01:42:30]

Up the Nord pipeline.

[01:42:32]

The Warren commission was not believed by the american people. Most Americans believe that there was a lab leak that caused the pandemic. Most Americans, I would suppose, believe that the US blew up Nord stream, or certainly had its. Had its role in it. So these narratives are not believed, but they buy enough time that the attention goes away and you get onto something else. It's just a way to make sure that there's no need to answer anything, no accountability. That's what this is about. Not convincing people of outlandishly weird stories. The lone gunman who killed President Kennedy, when everyone's pointing in another direction, and the count of the bullets says something else and blah, blah, blah. No, you don't have to believe it, but you need to be able to say something for long enough that something else comes up and that you stop talking about the previous thing. And it's extremely dangerous, because what it means is that beneath that, it's not to convince people. It's to have the ability to do what you want to do and know that you won't be held accountable for it.

[01:43:53]

I do think, though, a wrinkle in the program, a huge problem for the people who've been conducting their affairs this way, is alternative media.

[01:44:05]

Absolutely.

[01:44:06]

Which went from being really niche and kind of far out and not credible to being.

[01:44:11]

That's the only place you can find information.

[01:44:14]

Exactly. So Judge Napolitano, for example, who's a really sweet man, I worked with him, lost his last job. I don't know if he's ever said that in public, but I know he's a terrific guy. I saw it.

[01:44:25]

Absolutely terrific.

[01:44:26]

Lost his last job for having views on foreign policy that were not consistent with what you were supposed to say. He got fired for it, and so he winds up doing his own little tiny thing on YouTube, and all of a sudden, it becomes a real thing.

[01:44:38]

Yeah, because you talk, you reason. Exactly. He looks at evidence and you can't find that in what you see.

[01:44:46]

Rogan's like some sort of MMA fighter, comedian, sitcom actor, just starts doing this little program on something called a podcast and becomes the biggest thing in the world. So that is just a massive. That's too big a threat. Elon Musk making rockets, then buys Twitter and then opens it up. These are the biggest threats they face. So, I mean, they can't allow that to continue, can they?

[01:45:11]

Well, this is. They just arrested.

[01:45:14]

Well, that's it.

[01:45:14]

You know, Elon is a force of nature, of course, and may be able to face down the USG, but we know, and, you know, Elon has really been very clear, very brave and doing the right things. But we know that the other platforms are already so heavily policed and with us, engagement, and we heard about it, government engagement from Bobby Kennedy, but we know it also when we saw it with Judge Napolitano. Also, here's the threat. You deviate, even a guest deviates from our narrative. You got two times, but the third time, you're off our.

[01:46:04]

Who was the guest, by the way?

[01:46:06]

The guest was Pepe Escobar, who's a reporter, journalist, provocative, and I don't even know the details, but this is the threat, and I see it on many YouTube channels. There are certain words, you know, must not say, even if you needed to define something specifically because they'll boot you off. And this is already clear now that we're seemingly getting to the next stage of ransacking houses and other kinds of threats. It could be that as all of these foreign policy strategies, this hegemonic strategy doesn't work and is unraveling on many fronts, maybe the proponents of that are doing their own kind of escalation to keep things in train. The interesting thing is, I think there are three main points that we're seeing right now. One is the foreign policies of failure. So it doesn't deliver whether it's fair, unfair, right, wrong, lied. It just doesn't work. It's gotten the United States into trillions of dollars of failed wars. Everyone can see this. The american people do not back our foreign policy at all. So that's, I think, one point. Second, we're seeing politicians that are starting to say, no, we've got to do something a different way.

[01:47:46]

So that's extremely important. And third, we have the truth coming out in these kinds of conversations that even if the so called mainstream media won't do it, people are tuning in and they're tuning out of the boring pablum narratives that they don't believe of the mainstream. And that's consequential, too.

[01:48:26]

Actually invited you to come talk about the economy, since you are an economic advisor.

[01:48:29]

Yeah, once in a while.

[01:48:32]

But I couldn't resist asking you about the state of the world, the state of our economy, many parts of it, but I'm really fixated on credit card debt and how high it is is that thats obviously something to worry about for the people who hold it. But how big a factor is it in the health of the economy? What do you make of that? Why is it so high, highest ever?

[01:48:53]

Well, I think the main thing to understand about our economy is that for the last 40 years or so, Weve had two economies. Weve had an economy of college grads and professionals who have done quite well. And we've had an economy of high school grads and working class that have really had a hard time, and they have a lot of debt and they have a lot of difficulties. And we've had basically two worlds in our one nation that don't communicate very clearly with each other. And that's our basic economic reality. So that means that things like we know that. And many surveys fed data which collects this kind of information has looked at it. How many people in this country could not manage a sudden dollar 400 emergency, whether it's dental or some medical or prescription or something, truck tires? And it's a huge proportion of the country. And if in my neck of the woods, it's not even known, in a sense, because I live in a world of people who are earning good incomes and where things look completely different. I mean, I'm aware of it because I've written about it for decades and said, this is our, our challenge and our real problem, and we don't face up to it.

[01:50:36]

But that's the reality. So the credit card debt is not the professional class out on big binges. It's people trying to make ends meet and can't necessarily put food on the table for the family, can't face a medical emergency of which we have a rising number of part of our population that is experiencing that. And that's our real situation. We don't deal with it. We don't talk about it very clearly. Clearly, our politics has, in a more and more clear way, organized along this lines. And the irony is the republican party became the party of the working class and the professionals became, or the democratic party became the party of the professionals. And that was a kind of flip over time. But the reason is that reasons are complicated. But the basic point is that when these divisions started back in the 1970s and then really evolved after that, nothing happened in this country. And so working class voters who were voting for the Democrats in the Franklin Roosevelt era through Kennedy and Johnson, felt more and more, well, this party doesnt do anything for us. And Trump, obviously, with great political savvy, saw his entree into that in 2016, understood that reality and took the working class out of the Democratic Party, basically.

[01:52:27]

But the underlying economics of that is a country that just spread apart. It's got many different aspects of it. But the biggest divide in our country is education, educational attainment, because basically, that's the underlying organizing principle for almost the whole economy, which is university graduate and up. Youre doing well. Your incomes are going up. Youre enjoying life, high school and less. Youre struggling. And it shows up in so many places. It shows up in housing, it shows up in credit card debt, but it actually shows up in life expectancy, which is unbelievable. Theres an eight year gap of life expectancy between high school grads who have a life expectancy of around 75 and college grads who have a life expectancy of around 83. Can you imagine? This is two different societies and to the point of how long you live, how you live, whether youre healthy or nothing. And this has been going on for decades now and completely, almost un understood and unaddressed, and the political system more or less incapable of solving anything, unfortunately.

[01:53:56]

It's interesting, though, how little anyone cares. I mean, I think these are complicated problems, very complicated problems. You suggested, not exactly sure how to solve it, but I know that the first step is acknowledging it and caring.

[01:54:10]

About it and discussing it.

[01:54:11]

Discussing it. And you've been in at least since you were undergraduate at Harvard. In one world, I have two. And so I can verify, I know you can as well, that there's no conversation about this, that everyone in the world that I grew up in blames the people who are dying earlier, hates them for it, hates them for their weakness and their suffering. That just strikes me as such an ugly, vicious impulse. I don't understand it.

[01:54:35]

Yeah, it's a great observation. You really can close the gates, literally, on gated communities. But even if the community is not gated, we are segregated by residential area, by cities, by where we live, by rent, by cost of housing, and so on. And so you can go on like this without any real attention. And certainly I think it's right to say that the lucky part of our society is more or less insulated not only by how they live and where they live, and they get nice services from people who are working extraordinarily hard for extraordinarily low incomes, but the political system is paralyzed, but even the social.

[01:55:31]

So we grew up in a country, you're a little bit older than I am, but we grew up in roughly the same country. There was an acknowledgement that there were people who were not as well off as you. And that was sad. Now, among affluent people, I see only race guilt. I see no economic guilt at all. And I think you can believe in capitalism or system or whatever system is, and still feel like, gee, I feel sorry for people who are deep in credit card debt. I don't see any of that.

[01:55:57]

No, no, this is, this is, I think, exactly right. It's, it's another part that isn't in our, our discussion, our discourse. And I think it's right to say that basically, you know, the political system doesn't really want to address any of this because it's complicated. You have to pay for solutions one way or another. No one wants to pay for anything. We just run up debt anyway. We run up, if it's not credit card debt, it's our national debt. And anyway, as we've been talking about we're much more interested in blowing up places and overthrowing other governments than we are in addressing any of these issues.

[01:56:38]

What would happen if people stopped paying their, if a lot of people stopped paying their credit card debt?

[01:56:42]

Well, the way that our system works is that it more or less goes along on deep trends, whether technology or other trends, until theres some kind of crisis. We had a crisis in 2008 that was a very particular kind of crisis where a not very clever move by, I think, a not very clever treasury secretary at the time decided he would bankrupt a company he didn't like. It was Hank Paulson who came from Goldman Sachs, not my part of the Sachs family. I need to explain. So I just want to be clear. Different branch, I suppose. And he didn't like Lehman Brothers. So he decided literally one weekend, rather than try to sell off Lehman Brothers, going to close it down, and it was a kind of lame brained operation. And he created one of the greatest financial crises of modern history.

[01:57:51]

Wait, wait, wait.

[01:57:52]

Yes.

[01:57:53]

You think Paulson created the zero eight meltdown because he had a grudge against Lehman?

[01:57:58]

Yeah. Basically he wanted to teach them a lesson. He thought they were lazy, terrible firm, which they may well have been, by the way. But he decided in 2008, you had, there was a housing bubble, and the housing bubble was breaking, and a lot of the investment banks were on the edge because they had invested in crappy mortgages and that they were trying to securitize. So it was a fragile situation. We would have had a normal downturn, for sure. We would have had a recession. But Paulson decided in September 2008 that rather than do another rescue, where you take a weak bank and you may add some public money and then you sell it off to a buyer. And there was a potential buyer for Lehman Brothers. It was Barclays, british bank. And the USG government could have put in a bit of money or taken some of the bad stuff off the balance sheets, given the rest to Barclays. But Paulson wanted to do two things. He wanted to teach Lehman brothers a lesson. I believe we can't prove this stuff, but Lehman was kind of a rival of Goldman. And I think there was that personal bit, from what I know.

[01:59:28]

But also Paulson thought, well, we should show the markets we can be tough and firm and let the markets determine the outcome. So he said, we're not going to do any patch up to get Lehman into somebody else's hands. We're going to just let it close, let it go bankrupt. And that was September 14, 2008. And when the markets opened, the next day he had triggered one of the greatest financial crises of history. Actually within.

[02:00:05]

Why have I never heard the story?

[02:00:08]

Maybe they didnt want to advertise how unbelievably incompetent they were, but this was complete incompetence. And by the way, it was incompetence of the whole economic team. It included the Fed and New York Fed, Washington, the Treasury. This was a crisis that absolutely was not only human made, but you can pinpoint the hour and the day and the event. Because the point I was making, because you asked me a question about, sorry, my jaws open.

[02:00:40]

I mean, I'm kind of interested in the subject. I read a book on it, I.

[02:00:43]

Guess, and you asked me a question about credit card debt and.

[02:00:47]

No, but that's.

[02:00:48]

I was making a digression widely.

[02:00:50]

Well, I'm digressing again. But is that, is this widely known?

[02:00:54]

It's not very well understood. It's not a secret, but I can explain why it's not understood in a moment. But the point is, a financial panic is a specific kind of event. It is the same event as when people are trampled, running out of a stadium. Yes. Okay, so that happens once every, I don't know how many hundred football games. Something happens, theres a fight, people start running and then trampling, and then lots of people get crushed. So thats a specific event. Its a panic. In finance, the same thing can happen. And financial panics happen on occasion throughout history. And you can identify them. And usually there is a cause that is a trigger of it, but with a panic like a stampede out of a stadium, the cause is completely incommensurate with the outcome. In other words, the cause may be that someone, someone punched someone else. And that started commotion, and that started, and 1000 people got trampled in the end. So the cause was some stupid little thing, but then it led to a cascade of disaster. Thats exactly what a financial panic is. Or a bank run. I dont know if anybody ever remembers my favorite movie of my youth and for my children, Mary Poppins.

[02:02:31]

But Mary Poppins is a childrens story of course that has a bank run in it, where the young boy wants to get his twopence out of the bank and there's resistance and he starts screaming, you won't give me my money back. And then everyone runs to the bank to take their money out, and the bank fails and it's a panic. So Hank Paulson made a panic in September 14, 2008, and he made it deliberately. The action was deliberate, the outcome was not deliberate. He had no idea what he was about to do, which was to create this rush for the exits by all banks on all loans all over the world within three days. And that's what he created. And it created the biggest economic downturn since the Great Depression itself. And that's, by the way, an interesting, very interesting story also, because just like a panic can create something thats completely incommensurate with any fundamental reason, but it leads to a total disaster. The opposite can sometimes happen also, which I was reminded because the Great Depression, which was this calamitous event in the days up to Franklin Roosevelts inauguration, which was March 4, 1933, there was a bank panic in the United States.

[02:04:13]

And by the time that Roosevelt became president on March 4, 1933, the whole us banking system had closed down because everyone had rushed to the banks to withdraw their money, just like in Mary Poppins. But it was all over the US. So the whole us banking system was closed. When Franklin Roosevelt became president on March 4, 1933, and with a smile and a tilt of his head, he said, and I firmly believe that the only thing we have to fear is fear itself. And with those words, people stopped panicking and they went back and put their money in the bank. And within a few days, the us banking system reopened. And it was Franklin Roosevelts personality and his spirit and his tilt of the head and his smile and his phrase that it's only fear that we have to fear, that undid the panic. After that, many reforms were made, like the Federal Deposit Insurance Corporation and the SEC and public reporting, and many things were done, but the banks actually opened on a matter of words. So you asked me a question. Why did I make this big digression? Because financial markets are capable of creating all sorts of disasters.

[02:05:48]

And the first rule that you learn is be careful. Don't let liquidity mess you up. Don't let panics destroy things. Hank Paulson apparently didn't know any of that, and he walked the world into a ten or $20 trillion disaster loss by a deliberate action because there were.

[02:06:10]

Better ways he never got. That's an absolutely remarkable story. Remarkable because it happened in front of all of us. I was paying, I don't know, 30% attention. I actually saw my house that year. So, I mean, it affected me and a lot of people. Me less than most, but still, it affected everybody. He was treasury secretary and a famous guy, and he's still kind of a famous guy.

[02:06:30]

Yeah. Yeah. Still is.

[02:06:31]

No one ever.

[02:06:32]

Probably nice guy, by the way.

[02:06:33]

Yeah, yeah. I do doubt that. But I don't know.

[02:06:36]

I don't know.

[02:06:38]

Trying to let my bigotries affect my view. But why does he not carry the stain of that with him?

[02:06:44]

The reason is, strangely enough, people don't understand what I just described. In general, though, there is a group, Im a finance economist. So I study this throughout history, and ive studied these events, and Ive watched them actually close up because ive often been called into crisis situations. So Im very attuned to them. And another example, and then ill give you an answer, was in the summer of 1997, when Asia experienced a full fledged financial crisis that you may remember called we know it as the asian financial crisis. What happened? What happened was Thailand devalued the thai baht well. So you want to put your thumb in your mouth and suck your thumb. What difference could that possibly make? It triggered a panic, and the IMF addressed it. The International Monetary Fund addressed it in completely the wrong way, because both the 2008 and the 1997 or the 1933 story that I told you about Franklin Roosevelt, if you're in a stampede or a panic and you say, you see, you're so immoral, you created this disaster. We are living in sin. This is why our banking system has failed. You will do nothing but crush what you have left standing.

[02:08:24]

But if you say, oh, my God, we just had a panic, you don't have to panic. Fundamentals are fine. We've got this under control. The only thing we have to fear is fear itself. Yeah, you could calm down the situation.

[02:08:37]

This is not a matter of math. This is human psychology.

[02:08:40]

This is understanding whats going on and then responding to it in an appropriate way. Now it happens. And now were getting really into the weeds of economics. My field is macroeconomics. So I look at an economy as a whole, and I study business cycles or crises or ups and downs of the economy. So to go back to 2008, we were going to have a recession. A recession means that people stopped buying houses and there's unemployment, and the unemployment may go from 4% to 7%, and economic growth may turn negative for two or three quarters, and there's a lot of pain and people can't make ends meet and so forth. But then the economy recovers in the maybe 18 months or so. Thats not what happened in 2008. What happened in 2008 was a prolonged, deep crisis with soaring unemployment, with bankruptcies, with mega bailouts, with the whole world economy suffering. There was no reason for that bigger outcome. The normal thing would have been a recession. Why a recession? Because there was too much liquidity and deregulation of the mortgage markets. And there was a bubble, and the bubble burst and housing went into recession, and we had another business cycle.

[02:10:17]

Okay, that would have been the normal, but we had Hank Paulson on September 14, 2008, pulling the plug on an investment bank. That triggered a panic among all banks. So that by Monday morning, when the markets opened, first there were legal problems in Britain because Lehman had a branch in Britain that under british rules, created lots of problems. But then the investment banks started to call in their loans because they said, oh, hell. All hell is breaking loose. And the stampede started that led to the mega downturn. So then you ask, well, how was this interpreted afterwards? Because that's your question. Why isn't this standard? Well, the answer is that it was all explained as the downturn from the housing bubble, not the panic caused by the bankruptcy of Lehman. So in other words, what would have been a normal downturn became the narrative for what was the calamitous crisis. In other words, it was misexplained. And that's how they like to explain it, because Hank Paulson did not want to stand up the next day and say, oh, shit, I really did that wrong. That was, that was a stupid thing to do. I didn't understand how financial markets work even though I had been the lead of Goldman Sachs.

[02:11:54]

I really messed these things up. Ben Bernanke at the Fed did not want to say, my God, that weekend. We really should have buffed this up to get it out to Barclays. And he said afterwards, I couldn't have sold it anyway. I didn't have the legal authority. And then a scholar at Johns Hopkins wrote a long book explaining very carefully, yes, Ben, you could have done it differently. We could have avoided this crisis. It could have been sold to Barclays. You had all the authority in the world to do it, and so on. So the narrative that I'm giving, the explanation that I'm giving, was hidden from view, partly because of confusion, partly because when a crisis happens, you want to blame it on fundamental things. So it was easy to say, oh, that mortgage market was a lot of cheating, and there was a lot of cheating, and all the securitization made messes and so forth. So you want to say, oh, if there's a downturn or if there's a panic, it's because you're sinners. And so that's a normal narrative and no one wants to take responsibility. God, I really messed up.

[02:13:11]

But it's important to know why things go wrong so you can take steps to prevent them from going wrong again in the same way.

[02:13:16]

Well, it's also, it's a, you know, again, this is now really getting into the weeds of my profession, but as a macroeconomist, I'll just, if anyone's interested, but this is really getting technical. We have a standard theory that we teach at university level about why downturns happen. And it's a theory that's attributed to John Maynard Keynes, who was a really great, brilliant british economist that I've learned a whole career from in his writings. But John Maynard Keynes wrote famously about the Great Depression. He said, the cause of the Great Depression is this particular phenomenon we called the decline of aggregate demand, that people stop buying, and that leads to a downturn. So maybe they stop buying houses, so that leads to a downturn. So thats called an aggregate demand shortfall. And the problem is that all subsequent business cycles after John Maynard Keynes then became interpreted through that lens that he had established, because he was such a wonderful personality and such a fascinating writer and thinker, that his interpretation of the Great Depression became the standard way to interpret any event that followed afterwards. And my experience, because I happen to have the experience of working in very acute crises, like hyperinflations or debt crises or financial panics, which became my thing for a while in my career.

[02:15:11]

I saw, oh, those are really quite different from how Keynes described the Great Depression. These are phenomena of their own right. They're very particular. A banking panic is not just a decline of demand, it's a panic. We need to understand the panic. Now, I'm not the first to observe that, by any means. There's a whole theory in history about this, but it's kind of, I made a comparison 20 some years ago that, because I'm jealous of my wife, she's a YDe medical doctor and an extraordinarily excellent medical doctor, and she would see a patient and do a diagnosis and save the kid because shes a pediatrician. And I thought, oh, God, if only a naucontrophys could actually save something. But she did what she was trained to do, called a differential diagnosis, which means, you see a fever, its not one thing. You have to figure out whats the cause. So I came to understand, you see an economic crisis, you better understand the cause of it, not just the standard narrative. And so for me, I'm very much attuned to what really caused that event. Well, Hank, you caused that event, in this case, on September 14, 2008.

[02:16:35]

I'm sorry to say it, don't want to make it personal, but you really made a mess that point. This was not just world markets having their thing. This was something that we made a mistake. You should understand that.

[02:16:51]

So given everything you know about the current us economy and the current guardians of it, stewards of it, what do you think the next crisis will look like?

[02:17:02]

First, we're in an ongoing crisis, but it's a slow moving crisis. So a crisis doesn't have to be an immediate event. A crisis can be a set of unsolved problems that persist and are difficult. And that, I think, has been true for a long time. Our economy does not work for half our country. Yes, that, to my mind's, a crisis, agree. And it's not news. It's not something that started this year or under the Biden administration or under any recent administration. It's been decades. Why did it happen? It happened because I think actually this is another long digression. But technology changed, and jobs that people used to do, good working class high school grad jobs, no longer existed. The assembly line ended except for robots. And I toured robotic factories for 30 years. This isn't something new. Already 30 years ago I went to a Toyota plant, probably, yeah, probably 30 years ago. There were no people in the whole building. It was a japanese plant, probably in the 1990s, because it was all incredibly sophisticated robots. What I found fascinating about it, by the way, was that every car that was coming off the line was custom specification.

[02:18:36]

So a truck followed by a sedan, followed by two seater and so on. The robots were just programmed. They could put together any different thing and the right parts would come in. And it wasn't super standardized. It was a very sophisticated plant, but it meant that the auto workers didn't have jobs. So those jobs had already gone away. Jobs in agriculture went away 75 years ago. We have 1% of our workforce, provides the food for the whole country, and for a lot of the world, 1%, because agriculture became so mechanized, so proficient and so on. And when I spoke to a farmer a few years ago, he said, yeah, I still like to ride the tractor. Of course I read a book when I do, because the tractor drives itself, it puts the fertilizer on the field exactly in the right places, everything is geographically specified and so on. But the point is, the fundamental technology of our world changed already 50 years ago, not just with the chat. GPT this is a long, ongoing story. And it meant actually high school wasnt going to cut it for demand for workers, because what was more than 20% of the workforce, which was manufacturing back in 1980 or so, is now less than 10% of the workforce.

[02:20:10]

And thats not, by the way, because of China or because of Mexico. Thats because of robots, thats because of automation, thats because of digital technologies, thats because of a sophisticated economy. So this trend has been deep. Its been widening for decades. It has led to two societies. The professionals are mainly in cities and they're mainly in the Democratic Party, and they're mainly doing rather well, thank you. And the people that are in working class, well, they're in rural areas or semi rural areas or suburban areas in many places and not doing very well. And that's been going on for a long time. I call that a crisis. It's a crisis of our country. What do we do in response? Well, we go to war, we overthrow governments, we do all sorts of things. We call ourselves the greatest country in the world, and we let our infrastructure go to hell. And we didn't address these issues, and we didn't face up to the question of how to share better, how to address these challenges in a more effective way or what are we going to do about it, what are the underlying trends? And now were going to face a new wave with our even more remarkable artificial intelligence, which is actually going to wipe out lots more jobs and thats going to be a very, very big deal.

[02:21:53]

And this time a lot of professional jobs, by the way, because frankly, if I need to find sources or to look at what's been written about a topic, what used to take me, and I was hired to do it days or weeks to go through journals and literature and books. I can do in 1 minute now on just asking a question to my favorite chat program. So this is going to cause even more disruptions. It also means, interestingly, of course, that a few people who own these platforms and systems are getting a wealth that is simply beyond any imagining and any prior experience in the history of the world looked up as, as I was arriving today's net worth of the top ten net worth people of the United States. So with Elon, number one, you know what or not, of the United States of the world, because I think one is foreign. I think maybe of the top ten, you know what the ten richest people, ten people, just ten, what their net worth is today? $1.7 trillion. Ten people. This is a funny world. You got tens of millions of people, can't pay the bills, can't fill a dental appointment, can't fill a drug prescription.

[02:23:36]

You have ten people, many of them really creative, by the way. But even if you're really creative, Elon, I think today. I love Elon for lots of things and know him and admire his genius, but hes got 200 billion something bucks. Its interesting. The economy is changing in fundamental ways and its bifurcating may not even be the right word. In other words, dividing in two. It may be dividing in even more fractured ways. And we need to figure out what we're going to do about that as a society, and we're not figuring that out. And also because of the way our political system works. We don't want to do anything that would cost anything because government doesn't accept war. Government doesnt want to raise any revenues, even on people who couldnt use their wealth in a million lifetimes. So were a little bit stuck. And the reason I mention all of this is that normal economics, the way we discuss this issue is as bad as the way we discussed the wars and everything else. It's at an extremely superficial level that is all about will growth be 3.1% next quarter or 2.9%? Or is the economy in a slow patch?

[02:25:23]

Or will it pick up where the deepest changes of our lives are underway, where technology is transforming everybody's jobs, everybody's lives, where if you don't have the right kind of job, you're living eight or ten years less than your neighbor that has the right kind of job. That that's the kind of society we have right now. And those are issues that are really important. But where do you discuss them? You're not going to hear about that on the campaign. You're not going to hear about that in almost all of the financial journalism, because financial journalism is mainly about what will the markets do. Will the Fed raise interest rates, lower interest rates? Those are not completely uninteresting, but I find them completely boring, even though that was what I went into to begin with. But I thought how much fun it would be to turn dials and make economies go up and down. But it turns out to be the least interesting part of the whole story.

[02:26:34]

Jeffrey SACHS I do think at some point you should sit down and figure out ten stories over the past 30 years that have been mistold or misunderstood in the public's view of them and just do 4 hours each as a university lecturer and put them online and just make higher education as usual.

[02:26:56]

Tucker, great ideas. Thank you.

[02:26:58]

You have sex. I appreciate it. Thanks for listening to Tucker Carlson show. If you enjoyed it, you can go to tuckercarlson.com to see everything that we have made. The complete library tuckercarlson.com.