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>> Steve: A BUSY DAY HERE ON
"FOX & FRIENDS."
RIGHT OVER HERE WE HAVE FRESHMAN
SENATOR FROM THE GREAT STATE OF
OHIO J.D. VANCE.
J.D., GREAT TO HAVE YOU.
>> GOOD TO BE HERE.
>> Steve: LET’S TALK A LITTLE
BIT ABOUT WHAT IS GOING ON
OVERSEAS.
WE KNOW THE PRESIDENT IS ABOUT
TO SPEAK IN BELFAST.
FOR THE LAST COUPLE DAYS WE
HEARD FROM EMMANUEL MACRON THE
GUY WHO RUNS FRANCE WHO
ESSENTIALLY SAID YEP, WE NEED
AMERICA’S HELP WITH UKRAINE,
BUT, WHEN IT COMES TO TAIWAN,
YOU,YOU GUYS ARE ON YOUR OWN.
NOW, AS IT TURNS OUT, HE SAID
THIS.
RUSSIA MUST -- RATHER, EUROPE
MUST RESIST THE PRESSURE TO
BECOME AMERICA’S FOLLOWERS.
HE SUGGESTED EUROPE SHOULD
REDUCE ITS DEPENDENCE ON THE
EXTRAORDINARY -- EXTRA TEAR
TORALITY OF A U.S. DOLLAR.
THAT IS WORD I HAVE NEVER SEEN
BEFORE JUST NOW AND HE COULD HAVE MADE IT UP.
HAVE MADE IT UP.
>> FIRST OF ALL, STEVE, MACRON
THE FRENCH HAVE NOT GONE AS MUCH
AS THEY SHOULD NEITHER HAVE THE
GERMANS WHETHER HE TALKS ABOUT
WHAT THEY HAVE DONE AND NEED TO
DO IN PLACES LIKE TAIWAN HAVE
SELF-AWARENESS ABOUT THE FACT
THAT YOU GUYS ARE NOT CARING
YOUR FAIR SHARE IN YOUR OWN
BACKYARD.
>> Steve: NO KIDDING.
>> THIS IS CRAZY.
RESERVE THIS IS COMPLICATED.
HAVING THE DOLLAR AS RESERVE
CURRENCY BRINGS BENEFITS TO US
BUT WHEN YOU HAVE PEOPLE LIKE
THE EUROPEANS SAYING WE NEED TO
GET OFF THE DOLLAR MY QUESTION
IS WELL, WHAT ARE YOU GOING TO
GO TO NEXT?
THE CHINESE DON’T WANT THE
RESERVE CURRENCY.
I THINK YOU CAN MAKE A GOOD
ARGUMENT WHILE IT DOES HAVE
BENEFITS KING DOLLAR HAS DOWN
SIDES FOR AMERICAN MANUFACTURERS
THE EUROPEANS DON’T WANT THE
EURO TO BE THE RESERVE
CURRENCIES BECAUSE THEY DON’T
WANT THE DOWN SIDES EITHER.
>> Ainsley: WE COULD BENEFIT IF
IT’S NOT THE RESERVE CURRENCY.
>> I THINK WE COULD.
OUR MANUFACTURERS COULD BENEFIT.
>> Ainsley: IN WHAT WAY.
>> WHAT THE RESERVE CURRENCY
DOES, THE GOOD THING IT MEANS
THINGS ARE A LOT CHEAPER HERE IN
THE COUNTRY.
IF YOU TRAVEL OVERSEAS YOU CAN
BUY MORE WITH THE AMERICAN
DOLLAR.
THE BAD THINGS IS IT’S REALLY
BAD FOR OUR EXPORTERS.
ONE OF THE ISSUES WE HAVE IN
UKRAINE BY THE WAY WE CAN’T
MANUFACTURE WEAPONS TO KEEP UP
WITH THE PACE OF A CONFLICT IN
UKRAINE IF STRONGER WE MIGHT BE
ABLE TO MAKE WEAPONS TO BE A
MORE OF A POSITIVE FORCE IN THE
WORLD.
I THINK THAT’S ONE OF THE THINGS
THAT BEING THE RESERVE CURRENCY
WE EXPORT DOLLARS.
WE DON’T EXPORT NEARLY AS MUCH
AS WE USED TO 50 YEARS AGO.
>> Brian: I THOUGHT PART OF IT
ONLY HAVE FOUR FIRMS COMPETING
FOR JOBS.
>> BIG PART OF IT.
>> Brian: TAIWAN HAS HAD TO PAY
FOR OUR WEAPONS AND WE HAVE NOT DELIVERED IT AND FOR THE MOST
DELIVERED IT AND FOR THE MOST
PART WE HAVEN’T MADE IT THIS IS
IMPORTANT POINT, BRIAN.
TO SAY WIN A LONG TERM BATTLE
WITH YOU NEED TO MAKE BULLETS,
YOU NEED TO MAKE MISSILES AND
ARTILLERY SHELLS.
>> Steve: WE NEED IT FOR US.
>> Brian: IS THERE A SHORT-TERM
CURE.
>> UNFORTUNATELY NOT.
THE SHORT-TERM CURE IS FOR JOE
BIDEN TO GET SERIOUS ABOUT THIS
AND TO ACTUALLY MAKE IT SO THAT
IF GOD FORBID THE CHINESE INVADE
TAIWAN IN THREE OR FOUR YEARS WE
PRODUCE ENOUGH WEAPONS TO BE
ABLE TO HELP THEM OUT.
THIS IS REALLY IMPORTANT FOR
AMERICANS TO UNDERSTAND.
THE TAIWANESE CONTROL THE
AMERICAN INFORMATION TECHNOLOGY
INDUSTRY BECAUSE WE ALLOWED THEM
TO MANUFACTURE ALL OF OUR
COMPUTER CHIPS.
>> Brian: 90%.
>> IF THE TAIWANESE FALL TO
CHINA WE HAVE TO GREAT
DEPRESSION IN THIS COUNTRY.
WE HAVE TO PREVENT THIS FROM
HAPPENING.
TO PREVENT IT WE HAVE TO BE
SELF-SUFFICIENT AND MAKE THE
WEAPONS.
>> Brian: GIVE THEM THE WEAPONS
THEY PAID FOR AND NOW WE ARE IN
A CRISIS.
THREE OR FOUR YEARS IT WOULD BE
THREE OR FOUR MONTHS.
>> I HOPE NOT, BRIAN.
I DON’T THINK WE ARE READY IN
THREE OR FOUR MONTHS.
THE UNFORTUNATE TRUTH IS JOE
BIDEN.
LET’S BE HONEST 30 YEARS OF
AMERICAN LEADERSHIP HAVE LET US
BECOME WEAK ON AMERICAN
MANUFACTURING THAT MEANS WE
DON’T MAKE ENOUGH OF THE STUFF
WE NEED TO FIGHT THE WAR OF THE
FUTURE.
>> Steve: YOU CAN TELL HE IS ON
SPRING BREAK.
IS HE NOT WEARING A NECKTIE.
[LAUGHTER]
>> Brian: YOU AND YOUR FAMILY