Newsom's 100% Tax Threat + $40M CIA Gold Heist | PBD #809
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Summary
Takeaways
- ❖A former senior CIA officer was found with $40 million in gold bars, 35 Rolexes, and $2 million in cash, raising serious questions about the CIA's background checks and the source of the wealth.
- ❖The hosts express skepticism about the transparency of Fort Knox's gold reserves, suggesting a public audit is necessary.
- ❖Gavin Newsom proposed a 100% tax on any federal anti-weaponization fund payouts received by Californians, a move criticized as unconstitutional under the Supremacy Clause.
- ❖Newsom also advocated for a national wealth tax, including higher taxes on billionaires, capital gains, and inheritance, which the hosts argue is based on fallacious comparisons.
- ❖Jill Biden admitted to being 'frightened' and thinking Joe Biden was having a stroke during a debate, yet later praised his performance, leading to accusations of 'gaslighting'.
- ❖Peter Thiel moved to Argentina, purchasing a large property, which the hosts interpret as a 'plan B' for billionaires concerned about the US future, possibly related to doomsday prepping.
- ❖The ongoing US-Iran deal negotiations are criticized for not including enriched uranium removal and for a reported $300 billion reconstruction fund for Iran.
- ❖Maryland Governor Wes Moore's proposal to ban Glocks is seen as a political test to gradually implement broader gun control by defining certain firearms as easily convertible to automatic weapons.
- ❖E. Jean Carroll admitted forgetting who funded her legal fees, which the hosts highlight as evidence of political manipulation and a lack of credibility in her lawsuit against Donald Trump.
Insights
1CIA Officer's Alleged $40 Million Gold Heist and Systemic Failures
A former senior CIA officer, David Rush, was found with $40 million in gold bars, 35 Rolexes, and $2 million in cash. This discovery, coupled with his fabricated credentials (Clemson, Polytechnic, Navy pilot), highlights significant failures in the CIA's background check and oversight processes. The hosts question how such a high-ranking officer could accumulate this wealth undetected, especially when a junior applicant was rigorously questioned over $75.
David Rush, a senior CIA officer, was found with 303 gold bars, 35 Rolexes, and $2 million in cash. He falsely claimed attendance at Clemson University and a Polytechnic University, and misrepresented his Navy service. A comparison was drawn to a female applicant rigorously vetted for receiving $75 from her parents.
2Skepticism Regarding Fort Knox Gold Reserves
The discovery of a CIA officer's hidden gold prompted a broader discussion and skepticism about the actual presence and quantity of gold in Fort Knox. The hosts, referencing past calls from figures like Elon Musk and even a former president, suggest that a transparent audit with cameras is necessary to confirm the reported $700 billion in gold reserves, noting the historical lack of presidential visits inside the vault.
The hosts question, 'Is the gold really at Fort Knox?' and advocate for opening the vaults with cameras to count and weigh the gold. They note that only one president, FDR, is confirmed to have signed a visitor log for the depository in 1943, and President Trump expressed doubt about the gold's presence.
3Newsom's Proposed 100% Tax on Federal Payouts and National Wealth Tax
California Governor Gavin Newsom vowed to tax 100% of any payouts Californians receive from a federal anti-weaponization fund, a settlement secured by Donald Trump. The hosts argue this is unconstitutional under the Supremacy Clause, which establishes federal law precedence over state law. Newsom also publicly advocated for a national wealth tax, targeting billionaires, capital gains, and inheritance, which the hosts criticize as economically unsound and based on misleading comparisons to other states' tax structures.
Newsom stated, 'Anyone from California that receives any of those funds, we want to tax 100% of those proceeds.' He also said, 'I absolutely believe nationally we need to tax billionaires more. We need to change the stepped-up basis. We need to address the issue of capital gains.' The hosts cite the Supremacy Clause (Article VI, Clause 2) and provide examples of California's high taxes and negative economic metrics.
4Jill Biden's Comments on Joe Biden's Cognitive State
Jill Biden stated she was 'frightened' and thought Joe Biden was having a stroke during a debate, yet subsequently told him he 'did great' and 'answered every question.' The hosts interpret this as 'gaslighting' and a deliberate attempt to conceal his cognitive decline for political reasons, especially given his administration's efforts to block the release of audio recordings from interviews with a special counsel.
Jill Biden's interview clip where she says, 'I was frightened. Because I had never ever seen Joe like that... I thought, 'Oh my god, he's having a stroke.'' She then recounts telling him, 'Joe, you did such a great job. You answered every question.' The hosts also mention Biden suing the DOJ to stop the release of audio recordings from his interview with Special Counsel Robert Hur.
5Peter Thiel's Move to Argentina as a 'Plan B' for Billionaires
Billionaire Peter Thiel moved to Argentina, purchasing a large property, reportedly motivated by concerns about the future of the US and alignment with Argentina's right-wing leader, Milei. The hosts interpret this as a 'plan B' or 'bunker in plain sight' for wealthy individuals concerned about potential societal collapse or political instability in the US, drawing parallels to other billionaires investing in doomsday bunkers.
Peter Thiel 'is decamping to the end of the world... partly motivated by concerns about the future of the US.' He bought a $12 million, 17,000 sq ft house in Buenos Aires. The hosts reference a map showing 'safe' zones from nuclear missiles (including Argentina and New Zealand) and Mark Zuckerberg's $200 million bunker in Hawaii.
6US-Iran Deal Criticized for Omitting Uranium and Including Reconstruction Funds
The proposed US-Iran deal, still in draft, includes a 60-day ceasefire and reopening of the Strait of Hormuz but notably excludes the negotiation of Iran's enriched uranium. The hosts express strong concern that signing a deal without addressing uranium enrichment gives Iran more time and leverage. News also broke of a reported $300 billion reconstruction fund for Iran as part of the deal, raising questions about who would pay for it and whether the funds would benefit the Iranian people.
Draft deal points include a 60-day ceasefire and Hormuz reopening, but 'enriched uranium is not part of this first 60-day ceasefire.' A news report stated, 'US Iran peace deal reportedly includes a $300 billion reconstruction fund for Iran per New York Times.'
7Maryland Governor Wes Moore's Glock Ban and Incremental Gun Control
Maryland Governor Wes Moore signed legislation effectively banning the sale of Glock pistols, defining them as semi-automatic firearms easily convertible to machine guns. The NRA is suing over Second Amendment grounds. The hosts view this as a strategic move by Democrats to incrementally ban guns by establishing a definition that can be expanded to include more models, rather than a direct ban, testing the legal grounds for product flaws leading to bans.
NRA sued Maryland officials over 'Glock pistol ban' legislation, which 'bans the manufacture, sell, and purchase and receipts of transfer machine guns convertible to pistols.' The hosts compare this to insurance companies suing Kia/Hyundai over easily stolen cars, suggesting a 'product flaw' legal strategy.
8E. Jean Carroll's Credibility Questioned Over Legal Funding Disclosure
E. Jean Carroll admitted in a deposition that she 'completely forgot' that a major Democratic donor, Reed Hoffman, had financed her lawsuit against Donald Trump. The hosts use this as a key point to discredit her claims, arguing that if she cannot remember who paid her legal fees, her memory regarding the alleged assault is also questionable, framing the entire lawsuit as politically motivated.
E. Jean Carroll's interview clip where she states, 'I just completely forgot that he even existed' regarding her legal funding. A deposition text shows her denying anyone else was paying her legal fees. The hosts identify Reed Hoffman as the alleged funder.
Notable Moments
The hosts discuss the Michael Jackson biopic, revealing that Jaafar Jackson (Jermaine Jackson's son) plays Michael, despite having no acting experience, after two years of training. They also uncover a complex family dynamic: the same woman had children with two Jackson brothers (Randy and Jermaine), making Jaafar both Randy's nephew and Jermaine's son. Janet Jackson reportedly refused to be involved in the movie.
This segment offers unique, little-known details about the Jackson family and the production of a major biopic, highlighting the intense personal and professional pressures within the family, and the dedication required for such a role. It adds a layer of behind-the-scenes intrigue to a global pop culture phenomenon.
Michael Jackson's father, Joe Jackson, claimed in an interview that if he had remained in Michael's life, Michael would still be alive, stating, 'I had told some people... if I don't get to Michael, he won't be here long.' This is contrasted with Michael's own statements about his difficult childhood and fear for his life.
This exchange reveals the profound and often painful complexity of Michael Jackson's relationship with his father, a central theme in his life and career. Joe Jackson's claim offers a chilling perspective on Michael's death, hinting at external threats and control, while Michael's words underscore the tragic cost of his early fame and lack of childhood.
A Blue Origin rocket exploded during a test firing. Jeff Bezos tweeted about the incident, confirming all personnel were safe and vowing to rebuild. Elon Musk responded positively, tweeting 'Ad astra per aspera' (through hardships to the stars), which the hosts interpret as a sign of growing alignment between the tech billionaires against perceived 'socialist, Marxist, communist, woke agenda.'
This incident highlights the inherent risks and high costs of space exploration but also showcases a moment of unexpected camaraderie between rival billionaires. The hosts' interpretation suggests a broader political and ideological shift, where economic leaders are uniting against perceived threats to capitalism, indicating a potential future alliance in the tech and political spheres.
Quotes
"This is not normal corruption. That's James Bond villain corruption."
"Walk into what is supposed to be the repository of the nation's gold, open the central vaults, and count it."
"If you vote for me, I'm going to tax all the billionaires nationwide. What a weird campaign, but that is what he is saying."
"I love my father, but I don't know him. I don't know him the way I'd like to know him."
"If I don't get to Michael, he won't be here long. I said that. He won't be with us long. And I called the shot to the T. Exactly what had happened."
"My childhood was completely taken away from me. There was no Christmas. There was no birthdays. Those were exchanged for hard work, struggle, and pain, and eventual material and professional success. But as an awful price, I cannot recreate that part of my life."
"I think most people think of rape as being sexy."
Q&A
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