MARIA: WELCOME BACK.
MORE WARNINGS THIS MORNING
COMING OUT ABOUT DOING BUSINESS
WITH CHINA AS XI JINPING MOVES
TO MAKE CHINA THE NUMBER ONE
ECONOMIC SUPER POWER AND
OVERTAKE THE UNITED STATES.
I SPOKE WITH CONGRESSMAN MICHAEL
McCALL.
WE SPOKE HERE AT THE MILKEN
INSTITUTE.
I WANT TO ASK YOU ABOUT CHINA
BECAUSE NOW THE CHINESE
COMMUNIST PARTY HAS BEEN ABLE TO
GET THE SAUDIS TO TRANSACT IN
THE CHINESE YUAN.
ARE YOU WORRIED ABOUT THE DOLLAR
LOSING ITS RESERVE STATUS?
>> WELL, NOT SO MUCH THAT.
WHAT I DON’T LIKE, ALL OF A
SUDDEN THEY’RE THE PEACE BROKER
L.
THEY SHOW UP AT THE 11th HOUR.
WE’RE NOT THERE.
HE WHENWHEN WE DON’T LEAD, CHINA
THE VOID, SO THAT NEGOTIATE
PEACE BETWEEN THE SAUDIS AND
IRAN.
IT MEANS THEY CAN HAVE EMBASSIES
IN THEIR RESPECTIVE COUNTRIES.
MACRON WENT TO VISIT CHAIRMAN XI
IN BEIJING WHEN I WAS IN TAIPEI.
WHAT I WORRY ABOUT THE DOLLAR IS
M THE BELT AN ROAD INITIATIVE,
THAT’S A DEBT TRAP.
YOU HAVE TO SIGN A CONTRACT
SAYING I’M GOING TO SIGN UP FOR
THE DIGITAL YUAN.
WHAT CHINA WANTS IS FOR THE
DIGITAL YUAN TO BE THE GLOBAL
CORN YOU SIGH AND NOT THE U.S.
-- CURRENCY AND NOT THE U.S.
MARIA: THAT’S INCREDIBLE.
I KNOW RIGHT NOW RON DE SANTIS
IN FLORIDA IS PUSHING BACK ON A
DIGITAL DOLLAR FROM THE CENTRAL
BANK BECAUSE HE FEELS THERE’S
SURVEILLANCE THREATS.
>> I MEAN, SOME WOULD ARGUE WE
HAVE TO GET -- WE’VE GOT TO
COMPETE WITH THE DIGITAL DOLLAR
VERSUS THE DIGITAL YUAN THAT
CHINA’S ON.
CHINA’S IN 140 DIFFERENT
COUNTRIES.
BELT AND ROAD.
EACH OF THOSE COUNTRIES HAVE
SIGNED UP FOR THE DIGITAL YUAN.
YOU DO THE MATH.
EVENTUALLY, THEIR GOAL IS THAT
THE DOLLAR’S GOING TO BE THE
SECOND RATE CURRENCY AND IT WILL
BE THE DIGITAL YUAN.
THIS IS A GREAT POWER
COMPETITION HERE IN.
MARIA: THIS IS AN INCREDIBLE
STORY RIGHT HERE AND REALLY AN
INCONSIDEREDINCREDIBLE DEVELOPME
IN MY VIEW.
DO YOU AGREE?
>> I YOU AGREE.
IT’S NOT TALKED ABOUT OFTEN.
THEY WANT TO DOMINATE
EVERYTHING, NOT JUST MILITARY,
IT’S ECONOMIC.
THEY WANT THE GLOBAL CURRENCY,
THAT BEING THE DIGITAL YUAN.
THEY’RE WELL ON THEIR WAY TO
DOING THAT.
MARIA: THEY MADE SURE YOU KNEW
THEY MEANT BUSINESS WHEN YOU
WERE IN TAIWAN.
HOW DOES THAT FEEL WHEN YOU’RE
ON THE GROUND WITH THE
LEEREDSHIP OF TAIWAN AND YOU’RE
SURROUNDED BY MILITARY, WHAT,
FIGHTER JETS FROM CHINA?
TELL ME ABOUT THAT.
WHAT HAPPENED?
>> IT WAS A SLOW MILITARY
BUILDUP.
10 OF10 BATTLE SHIPS, AIRCRAFT
CARRIER, 90 FIGHTER JETS
SURROUNDING THE ISLAND AS WE
WERE THERE.
WE WERE WARNED BY THEM
BEFOREHAND, DO NOT GO TO TAIWAN
AND THEN AS I LEFT, THE MILL HE
TRI CAME TO ME -- MILITARY CAME
TO ME AND SAID YOU’VE BEEN
SANCTIONED BY THE CHINESE
COMMUNIST PARTY.
YOU KNOW, THAT’S A BADGE OF
HONOR TO ME.
IT JUST SHOWS HOW FAR THEY GO TO
INTIMIDATE AND REALLY THEY
ALMOST LOOK KIND OF SILLY THE
WAY THEY OVERDO THINGS LIKE
THAT.
MARIA: ARE WE READY FOR THIS?
YOU CONSIDER WHERE OUR MILITARY
IS RIGHT NOW IN TERMS OF
SPENDING ON THE MILITARY.
ARE WE READY FOR THIS CHINA
THREAT?
>> TAIWAN’S NOT READY FOR THIS.
I’VE SIGNED OFF ON THE WEAPONS,
WE TALKED ABOUT THIS, THREE
YEARS AGO.
22 WEAPON SYSTEMS, THREE YEARS
AGO, THEY HAVE YET TO GO TO
TAIWAN.
WE’RE STARTING TO TRAIN THEM IN
COMBAT AND THEY DON’T HAVE
COMMUNICATIONS LIKE STAR LINK.
THEY DON’T HAVE ISR CAPABILITY
FOR THE ISLAND.
MARIA: AND THAT’S ISR --
>> THAT WOULD BE INTELLIGENCE
SURVEILLANCE RECOGNIZANCE.
MARIA: YOU WANT TO GET THEM ON
THE GROUND IN TAIWAN.
>> THAT WOULD GIVE THEM EYES
AND EARS INTO THE STRAITS OF
TAIWAN, ALSO CHINA ITSELF.
CHINA HAS VERY GOOD CAPABILITIES
AND TAIWAN REALLY HAS NONE FOR
THAT MATTER.
DETERRENCE IS KEY.
IF YOU DON’T HAVE HE DETERRENCE,
PEACE THROUGH STRENGTH, YOU GET
CONFLICT.
MARIA: I’M TALKING ABOUT THE
U.S. AND CHINA IN TERMS OF A
POTENTIAL CONFLICT.
RAY DALE HE YOW, WHO HAS BEEN --
RAY DALE HE YOW,RAY DALIO WHO HA
CHINA FOR A LONG TIME, HE SAYS
THE U.S. AND CHINA ARE NEAR WAR.
HE WROTE THIS ON LinkedIN THE
OTHER DAY.
AND THEY CAN’T EVEN TALK TO EACH
OTHER.
THAT’S WHAT I’M WORRIED ABOUT.
DO YOU EXPECT A CONFLICT WITH
CHINA?
>> I HOPE NOT.
THE ONLY WAY WE CAN STOP IT IS
TO PROVIDE DETERRENCE AND WE
DON’T HAVE THAT DETERRENCE.
I WAS MEETING WITH JAPAN, SOUTH
HE KOREA, THE PHILIPPINES, TO
MAKE SURE -- YOU KNOW,
AUSTRALIA, I WAS WITH THE
AMBASSADOR LAST NIGHT, TO MAKE
SURE WE HAVE PARTNERS IN THE
REGION, IN EVENT IT DOES HAPPEN,
HOPE IT DOESN’T.
WE HOPE THE CALCULUS WITH XI,
THE PRICE WILL BE TOO HIGH AND
WE WANT PEACE BUT IF THERE WERE
A CONFLICT TOMORROW, I THINK
TAIWAN WOULD BE GREATLY
OUT-NUMBERED.
THEY CUT THE SEA CABLE, DO A
CYBER EVENT ON THE ISLAND, SHUT
IT DOWN.
AS WE TALKED ABOUT, THE CROWN
JEWEL IS TSMC.
THESE ARE THE --
MARIA: TAIWAN SEMICONDUCTOR.
>> 90% OF THE GLOBAL, THE
WORLD’S ADVANCED SEMICONDUCTOR
CHIPS ARE MADE ON THAT ISLAND,
MAKING THE ENTIRE WORLD
VULNERABLE, PARTICULARLY THE
UNITED STATES.
IT WOULD MAKE COMMUNIST CHINA
THE DOMINATING POWER IN THE A
PLANET.
MARIA: EXPLAIN THAT.
BECAUSE ADVANCED SEMICONDUCTOR
CHIPS ARE USED IN ALL THE
IMPORTANT THINGS INCLUDING
MILITARY.
>> EVERYTHING.
MARIA: THEY CAN JUST SHUT IT
OFF IF THEY WERE TO ACQUIRE
TAIWAN.
>> THEY WOULD OWN THE MARKET
GET AND SO WE COULDN’T BUILD
ADVANCED WEAPON SYSTEMS.
YOUR PHONES, YOUR AUTOMOBILES,
EVERYTHING HAS THAT LITTLE BRAIN
IN IT CALLED THE SEMICONDUCTOR
CHIP FROM A TECHNOLOGY
STANDPOINT IT WOULD BE
DEVASTATING.
MARIA: THIS INCHES CREDIBLY
CONCERNING TO -- INCREDIBLY
CONCERNING TO ME.
CONGRESSMAN, YOU’VE BEEN
TRAVELING THE WORLD, TRYING TO
AADDRESS THIS ISSUE AND OTHERS.
I KNOW YOU’RE HEADED TO MEXICO
SOON.
LET’S TALK ABOUT THE WIDE OPEN
BORDER AND WHAT YOU CAN GET DONE
IN MEXICO AND GUATEMALA IN YOUR
UPCOMING TRIP.
>> WE’LL BE PASSING OUR BORDER
SECURITY BILLS NEXT WEEK.
MY PIECE HAS TO DO WITH REMAIN
IN MEXICO, A POLICY THAT WORKED
VERY WELL IN THE PREVIOUS
ADMINISTRATION.
IT ACTUALLY GOT THE BORDER UNDER
CONTROL.
YOU COULDN’T COME INTO THE
UNITED STATES, YOU HAD TO WAIT
IN MEXICO OR THIRD PARTY
COUNTRY, PENDING YOUR ASYLUM
CLAIM.
MARIA: CARTELS ARE MAKING
BILLIONS AND BILLIONS OF DOLLARS
THROUGH HUMAN SMUGGLING, THE
DRUG TRADE.
WHAT’S YOUR TAKE ON MAY 11th,
POST MAY 11th WHEN TITLE 42
GOES AWAY, WHAT HAPPENS AT THE
BORDER THEN?
>> YOU’RE ALREADY SEEING IT
SOUTH OF THE BORDER, CARA CARAVA
TRYING TO MOVE UP.
THEY KNOW WHEN TITLE 42 EXPIRES,
NOTHING WILL STOP THEM AT THAT
POINT.
THE ONLY THING HE DEPORTING THEM
NOW IS TITLE 42.
WHEN THAT’S GONE, THERE’S
NOTHING THE BIDEN ADMINISTRATION
HAS IN PLACE TO RETURN THEM TO