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>> Tucker: GOOD EVENING AND
WELCOME TO
"TUCKER CARLSON TONIGHT" THERE’S
MUCH FALLOUT THIS EVENING AND IT
WILL BE FOR MONTHS STEMMING FROM
THE ARRAIGNMENT OF THE
REPUBLICAN FRONT RUNNER IN
MANHATTAN YESTERDAY.
WE ARE GOING TO COVER THAT IN
SOME DETAIL BUT WE WANT TO START
TONIGHT WITH THE TREND THAT
WE’VE NOTICED MIGHT BE WORTH
KNOWING ABOUT.
NEARLY 80 YEARS SINCE THE END OF
THE SECOND WORLD WAR THE U.S.
DOLLAR HAS BEEN THE CURRENCY FOR
OUR ENTIRE LIFETIME.
THERE IS VIRTUALLY NO PLACE THE
ENTIRE GLOBE YOU COULD GO THAT
WOULD TURN DOWN A $20 BILL.
ANDREW JACKSON’S FACE WAS THE
FAMOUS SEAL OF U.S. TREASURY WAS
PROBABLY AMERICA’S BEST-KNOWN
EXPORT TO THE SMALLEST GOLD
MINING OUTPOST IN THE AMAZON
BASIN.
EVERY SHOPKEEPER ON EARTH
RECOGNIZED A 20 OUR BILL.
THE DOLLAR WAS UNIVERSAL AND NOT
JUST UNIVERSAL AND COMMERCE WITH
INTERNATIONAL TRANSACTIONS THAT
WERE CONDUCTED IN DOLLARS, BUT
UNIVERSALLY HELD AS A LONG-TERM
STORE OF VALUE.
GLOBALLY.
THE WORLD CENTRAL BANK
STOCKPILED U.S. DOLLARS FOR MORE
THAN ANY MORE OTHER.
PEOPLE MAY HAVE NOT OF KNOWN
THAT BUT DOESN’T MATTER IF THEY
KNEW IT OR NOT IT WAS VERY GOOD
FOR EVERYONE WHO LIVES HERE.
BECAUSE THERE ARE ARE SO MANY
U.S. DOLLARS IN CIRCULATION SOME
OF THE COUNTRY THE COST OF
BORROWING MONEY INSIDE THE
COUNTRY REMAIN ARTIFICIALLY LOW
THAT’S FOR THE REASONS IN THIS
COUNTRY, AMERICA MIDDLE-CLASS
PEOPLE COULD BUY THEIR OWN HOMES
HOMES.
HE WAS COVERED MEANWHILE WERE
ABLE TO RUN UP ASTRONOMICAL
DEBTS WITHOUT MANY OBVIOUS
CONSEQUENCES.
FROM TIME TO TIME THOUGH DEBATE
SUMMING CALLED THE DEBT CEILING,
BUT IT WAS ABSTRACT HIM MOST
PEOPLE DIDN’T SEEM VERY RELEVANT
TO THEIR LIVES BECAUSE FOR MOST
THE TIME IT REALLY WASN’T.
AMERICA PRINTED THE OS DOLLAR
AND WE CONTROLLED THE GLOBAL
CURRENCY.
THAT MEANT THAT FOR US WHEN HE
WAS CHEAP, WE HAVE PRIVILEGES
THAT NO ONE ELSE IN THE WORLD
HAD.
IT’S A VERY, BULL WOULD HAPPEN
IF IT ENDED?
YOU DON’T EVEN REALLY WANT TO
THINK ABOUT THAT THE
CONSEQUENCES WOULD BE TO UGLY,
REALLY UGLY.
WE STARTED WEARING ABOUT IT
ABOUT A YEAR AGO.
LIVE THE DAY OF THE RUSSIAN
MILITARY ROLLED OVER THE
UKRAINIAN BORDER.
BY ITSELF THAT WAS A
DESTABILIZING EVENT ALWAYS
CHALLENGING THE ASSISTANCE.
IT WAS THE WEST REACTION TO THE
RUSSIAN INVASION THAT SEEMED
VERY OMINOUS.
POLICYMAKERS IN THE U.S. WENT
INSANE.
HELP EYES OR REPUBLICANS IN THE
SENATE APPEAR TO BE DETERMINED
NOT TO TOPPLE THE RUSSIAN
GOVERNMENT AND REGIME CHANGE,
BUT THE BLOWUP THE POSTWAR
ECONOMIC ORDER THAT IT SERVED
THE U.S. SO GENEROUSLY FOR SO
LONG.
WE THOUGHT AT THE TIME THAT THE
REAL THREATS OF OUR FUTURE
WASN’T THE BILLIONS WERE SENDING
TO PRESIDENT ZELENSKYY NOT THE
END OF AMERICA.
THE REAL THREAT, WAS THE
UNPRECEDENTED ECONOMIC SANCTIONS
THAT JOE BIDEN WAS ALLOWED TO
COME ENCOURAGED TO IMPOSE.
THOSE SANCTIONS YOU RECALL WERE
SUPPOSED TO HURT RUSSIA.
EVEN IN MARCH OF LAST YEAR, IT
SEEMED OBVIOUS IT WAS GONNA HURT
THE UNITED STATES MUCH MORE THAN
HURT RUSSIA.
HERE IS WHAT WE SAID 13 MONTHS
AGO.
>> WE SHOULD PREPARE TO LOSE HER
POSITION OF HOLDER OF THE LOU
WORLD’S RESERVE CURRENCY.
THAT IS HAPPENING IN SLOW
MOTION, IT’S ON MISTAKEN.
THE JOE BIDEN PEOPLE HAVE NO
IDEA AT THIS HAPPENING OR MAYBE
THEY WANTED TO HAPPEN, JOE BIDEN
WAS AT THE STATE UNIT BRAG ABOUT
HOW HE TOOK 30 POINTS OFF THE
RUSSIAN RUBLE IN A SINGLE DAY.
HOORAY, GOOD FOR US.
ONCE WE STOP CELEBRATING OUR WIN
THE DESTRUCTION OF THE RUSSIAN
ECONOMY THEY DESERVE IT, YOU
HAVE TO REMEMBER IS THERE A
DOWNSIDE TO THIS?
TO BE A VICTORY?
LET’S SEE.
THESE POLICIES HAVE DRIVEN
RUSSIA, CHINA, INDIA, TURKEY,
AND OTHER TO ACCELERATE FROM THE
U.S. DOLLAR.
AND BE CLEAR THAT IS THE
MAJORITY OF THE GLOBAL ECONOMY.
THIS MAY BE THE MOST RECKLESS
AND DESTRUCTIVE THING ANY
AMERICAN PRESIDENT HAS EVER DONE
TO UNITED STATES.
>> Tucker: THAT WAS LAST YEAR
AND USUALLY JUST YELLING INTO
THE WIND.
THOSE CONSIDERED IT ABSURD EVEN
TREASONOUS, JOE BIDEN AND HIS OR
HER PUBLIC AND ALLIES DESCRIBE
SHANKS SANCTIONS AGAINST RUSSIA
MORALLY ESSENTIAL.
WE SEIZED OLIGARCHS YOUR YACHTS
AND CLOSE THE APPLE STORE IN
MOSCOW, WE WERE ALL ASSURED THIS
WE ARE IMPORTANT VICTORIES AND
ANYONE WHO HAS QUESTIONS
LONG-TERM ECONOMIC CONSEQUENCES
WERE A A LET ’ER RIP WOODEN STOO
CREATED DOUBTS CONSENSUS IN
WASHINGTON LAST SPRING.
IN CASE YOU’VE FORGOTTEN WHAT IT
SOUNDED LIKE.
>> Vice President Harris:
CONTINUES TO BE DETERRENCE.
LET’S ALSO RECOGNIZE THE UNIQUE
NATURE OF THE SANCTIONS THAT WE
HAVE OUTLINED.
THESE ARE SOME OF THE GREATEST
SANCTIONS IF NOT THE STRONGEST
WE’VE EVER ISSUED.
>> THE PRESIDENT BELIEVES THAT
THE SANCTIONS ARE INTENDED TO
DETER.
>> THE IMPORTANT THING WE CAN DO
IS USE THEM AS A DETERRENT.
AS A MEANS OF DISSUADING RUSSIA
FROM ENGAGING IN FURTHER
AGGRESSIONS.
>> President Biden: WE ARE
USING POWERFUL ECONOMIC
SANCTIONS.
WHERE CUTTING OFF RUSSIA’S
LARGEST BANKS AND INTERNATIONAL
FINANCE SYSTEMS.
FROM DEFENDING THE RUSSIAN RUBLE
RUSSIAN RUBLE.
MAKING GLAMOUR PRUDENT
$600 BILLION WERE FOND WORTHLESS
WORTHLESS.
>> Tucker: THEY ARE BUFFOONS.
ALL FROM NODDING IN AGREEMENT.
YOU WATCH THAT AND WONDER IF
THEY REALLY BELIEVE WHAT THEY
ARE TELLING YOU, IF THEY REALLY
DID BELIEVE IT THEY ARE STUPIDER
THAN THEY LOOK.
THESE SANCTIONS WERE NEVER GOING
TO WORK THE WAY THEY’RE IS
UNLIKE UNITED STATES RUSSIA DOES
NOT HAVE A FINANCE ECONOMY.
RUSSIAN OLIGARCHS DO NOT GET
RICH FROM CREDIT DEFAULT SWAPS.
THEY GET RICH FROM SELLING
ACTUAL THINGS THAT PEOPLE NEED
IN ORDER TO LIVE.
OIL, NATURAL GAS, IRON,
FERTILIZER, COAL, WHEAT.
BUT SOME MEASURES RUSSIA HAS THE
LARGEST RESOURCE ECONOMY IN THE
WORLD.
OKAY.
SO THEY CAN BARTER IF THEY
NEEDED TO.
SO A YEAR LATER DESPITE THE
SANCTIONS YOU WERE TOLD ARE THE
GREATEST EVER DEVISED THE
RUSSIAN RUBLE IS JUST AS STRONG
AGAINST U.S. DOLLAR AS IT WAS
BEFORE THE WAR IN UKRAINE.
SO WE DIDN’T REALLY HURT RUSSIA
WITH THOSE SANCTIONS, CERTAINLY
NOT LONG-TERM WE WE REALLY JUST
HEARD OURSELVES RIDING AND
INCISIVE PEACE IN THE DAILY CALL
WHICH EXPLAINS PART OF WHY THIS
HAPPENED.
A CRITICAL FEATURE OF A RESERVE
CURRENCY IS ITS APOLITICAL
NATURE.
WHICH JOE BIDEN IS NOW CUTTING
AFTER BOTH PARTIES IN WASHINGTON
DESTROYED THE DOLLAR STABILITY
WITH INFLATION, NOW THE
JOE BIDEN HAS WILTING THE DOLLAR
AS A WEAPON TOGETHER THESE TWO
FACTORS SEND A MESSAGE TO
FOREIGNERS WHICH AS THEY SHOULD
GET OUT WILL THEY STILL CAN.
IN RESPONSE TO RUSSIA’S FOURTH
UKRAINE THE U.S. FROZE THE
DOLLAR RESERVES OF RUSSIA’S
CENTRAL BANKS.
TO BE CLEAR, THESE WERE NOT
AMERICAN ASSETS.
THESE WERE DOLLARS OWNED BY THE
RUSSIAN CENTRAL BANK AND THE
RUSSIAN PEOPLE.
THE SEIZURE WAS INTENDED TO HAVE
BANK RUNS AND CRUSH THEIR BANK
SYSTEM.
IT DID NOT WORK.
AND SAID IT EXPOSED THE
JOE BIDEN ADMINISTRATION
WILLINGNESS TO TRILLIONS OF
DOLLARS TO FOREIGNERS OWN.
THE DANGER OF THIS PRECEDENT IS
DIFFICULT TO OVERSTATE.
ALL OF US ALL THAT HAPPENING BUT
YOU COULDN’T SAY ANYTHING
BECAUSE RUSSIA BAD.
WE CAN EVEN WATCH THE HOCKEY
TEAMS, ALL RIGHT.
WHAT YOU THINK HAPPENED NEXT?
DO YOU THINK WE WERE JUMPING UP
AND DOWN AND TALK ABOUT
WINSTON CHURCHILL?
SMART FOREIGNERS AND THERE ARE
SOME BELIEVE IT OR NOT STARTED
TO DUMP THE U.S. DOLLAR WHY?
BECAUSE THE U.S. DOLLAR WAS NO
LONGER A RELIABLE STORE OF
VALUE.
SUDDENLY IT WAS A POLITICAL
WEAPON THAT COULD BE WIELDED AT
WILL AGAINST ANYONE WHO HELD IT.
SO WHAT IF IF YOU HAD A BORDER
DISPUTE AT THE STATE TO PERMIT
HAD AN AUTHORIZED?
OR WHAT IF HE ACCIDENTALLY
CRITICIZED TRANSGENDER THEOLOGY
AND IRRITATED HUMAN RIGHTS
CAMPAIGN?
THE U.S. GOVERNMENT MIGHT
DENOUNCE YOU AS A MORAL AND THEN
CONFISCATE ALL YOUR MONEY.
BECAUSE THEY JUST DID THAT WITH
RUSSIA.
AS A RESULT DOLLARS BEGIN TO
LOOK MUCH LESS APPEALING TO THE
REST THE WORLD.
AS OF THE DOLLARIZATION BEGAN
AND IT’S ACCELERATED AT A
REMARKABLE SPEED ALMOST WITHOUT
COMMENT AND THE AMERICAN MEDIA
OF LAST YEAR.
SO RUSSIA ANNOUNCED TO DO
BUSINESS IN ASIA, AFRICA AND
LATIN AMERICA AND CHINESE
CURRENCY.
BRAZIL WHICH HAS A BRAND-NEW
GOVERNMENT SUPPORTED BY THE
JOE BIDEN ADMINISTRATION NOW IT
WILL DO THE SAME THING, LARGEST
ECONOMY IN THE HEMISPHERE AFTER
HOURS.
PAKISTAN IS DOING THE SAME THING
THAT’S A LONG TIME U.S. ALLY.
INDIA AND MALAYSIA TO THE BASE
ECONOMIES IN THE WORLD ANNOUNCED
THAT THEY WILL BE SETTLING THEIR
TRADE IN THEIR OWN CURRENCIES
NOT THE DOLLAR.
EVEN FRANCE, WHICH WE LIBERATED.
IF USING CHINESE CURRENCY AND AN
A LIQUEFIED NATURAL GAS TRADE
THAT ALL MAJOR BUSINESS PARTNERS
PARTNERS.
AND AGAIN, ET CETERA, ET CETERA.
THIS IS HAPPENING AROUND THE
WORLD ALL OF IT IS SHUTTING OUT
THE U.S. DOLLAR.
IT IS HAPPENING A LOT FASTER
THAN ANYONE COULD’VE EVER
PREDICTED.
AND YET NO ONE IN WASHINGTON
SEEMS WEIRD THAT IT IS HAPPENING
HAPPENING.
SO IF YOU WANT THE REST OF THE
WORLD TO TRUST HER CURRENCY, THE
LAST THING THAT YOU WOULD DO IS
USE IT AS A WEAPON, OR PRINT TOO
MUCH OF IT.
PRINTING TOO MUCH OF YOUR
CURRENCY BECAUSE IT INFLATION
AND THAT SUCKS THE VALUE OF THE
CURRENCY, KNOWN WANTS TO HOLD A
CURRENCY THAT’S WORTH LESS
CONSISTENTLY EVERY YEAR.
THAT IS SIX GRADE ECONOMICS.
JOE BIDEN CANNOT BE BOTHERED
WITH THAT.
SO HE IS PRINTING MORE MONEY
HERE IS LAST WEEK ANNOUNCING
ANOTHER $10 BILLION CHECK NOT
FOR YOU OR YOUR SPOUSE DEAN OR
ANYONE IN OUR CONTRIBUTOR BUT
FOR GOVERNMENTS.
>> President Biden:
UNITED STATES CONGRESS WE PLAN
OUT ANOTHER $690 MILLION.
FOR NEW FUNDING FOR THE
PRESIDENTIAL INITIATIVE OVER THE
NEXT TWO YEARS.
OVER THE COURSE OF THREE YEARS
MY ADMINISTRATION INTENDS TO
WORK WITH CONGRESS TO COMMIT
$9.5 BILLION ACROSS ALL OF HER
EFFORTS TO ADVANCE DEMOCRACY
AROUND THE WORLD ALL SAFER WHEN
THAT OCCURS.
>> Tucker: WE HAVE BEEN ASKING
FOR ANY REPUBLIK AND SENATORS TO
DO THIS.
TO COME ON THE SHOW, LANEWAY
SUPPORT THIS.
NO ONE HAS ACCEPTED OUR
INVITATION.
YOU BEGIN TO WONDER WHAT DOES
UNITED STATES HAVE THAT WILL
RETAIN ITS VALUE OVER TIME?
THERE’S NO INVENTORY OF OUR
ASSETS.
SO JOE BIDEN IS CONTINUING TO
USE THE CONTENTS OF OUR
TREASURY.
AND AT THE VERY SAME TIME YOU
SHOULD PAY ATTENTION TO THIS HE
IS SELLING OFF AMERICA’S MOST
VALUABLE HARD ASSET WHICH IS
PETROLEUM.
UNLIKE THE U.S. DOLLAR OIL WHICH
IS IN THE RESERVE HAS INHERENT
VALUE.
OIL IS THE DENSEST STORE OF
TRANSPORTABLE ENERGY MOM TO MAN.
UNLIKE CURRENCIES LIKE THE
DOLLAR OIL WILL ALWAYS HAVE
VALUE.
THAT’S WHY RUSSIA IS NOT
IMPOVERISHED BECAUSE HE IS A LOT
OF OIL.
WE HAVE LESS.
BECAUSE THE SPR HAS BEEN
DRAINED.
IN THE LAST FISCAL YEAR THE
JOE BIDEN DEMONSTRATION SOLD OFF
218 MILLION BARRELS OF OIL
INCLUDING BUT WILL CERTAINLY TO
THE GOVERNMENT OF CHINA.
HOW MUCH OIL IS THAT?
IT’S MORE OIL SOLD IN ONE YEAR
THAN ALL PREVIOUS YEARS COMBINED
COMBINED.
SO WHAT HAPPENS WILL BE EMPTY A
QUESTION MARK THERE IS NOT LEFT.
WHAT ABOUT THE GOLD?
AMERICA’S GOLD RESERVES HAVE NOT
BEEN FULLY ALL AUDITED IN
GENERATIONS.
THEY CAN SAY WHATEVER THEY WANT,
THE TRUTH IS WE DO NOT REALLY
KNOW HOW MUCH GOLD IS IN
FORT KNOX.
THE SPR BECOMES EVEN MORE VITAL
AS IS DISAPPEARING AS IT DOES
THE POWER OF THE UNITED STATES
TIPS.
IT WAS CAN BE LEFT?
WILL BE GRAINING THE RE-LEPIC
LAKES.
SO HOW DO YOU FIX THIS?
ENDING THE WAR IN UKRAINE
IMMEDIATELY WOULD HELP WHICH WE
COULD DO BECAUSE WE ARE IN
CHARGE OF NATO OR NOT EVEN
TRYING AND FACT WE ARE PUSHING
EVEN HARDER FOR A DIRECT
CONFLICT WITH NUCLEAR ARMED
RUSSIA.
POLITICIANS IN WASHINGTON AND
THEIR WEIRD BOOMER WORLD WAR II
FANCIES ALL WINSTON CHURCHILL
AND FRENCH RESISTANCE.
WE COULD GIVE A MILLION EXAMPLES
BUT WE CANNOT RESIST LEADING
REPUBLICANS IN THE SENATE LAST
MONTH.
SPIEGELMAN TO TRY TO HELP TO THE
AMERICAN PEOPLE AT THE FEET AND
THE RUSSIANS IN UKRAINE IS THE
SINGLE MOST IMPORTANT EVENT ON
ON THE WORLD RIGHT NOW.
>> Tucker: TIPPING IN THE
RUSSIANS IN UKRAINE IS NOT THE
SICK AND MOST IMPORTANT EVENT IN
THE WORLD FROM PERSPECTIVE
UNITED STATES IS NOT EVEN NUMBER
15 ON THE LIST.
IT’S WAY BELOW, WAY, WAY BELOW
PRESERVING THE STRENGTH OF THE
U.S. DOLLAR.
IF MITCH McCONNELL AND
JOE BIDEN AND THE REST OF THESE
RECKLESS LEADERS HAVE THEIR WAY
AND INCREASE NUMBER OF COUNTRIES
WITH NO SUMMATIVE OTHER DONE
WITCHES BEGIN TO REJECT THE U.S.
DOLLAR WHAT WILL HAPPEN THEN?
WILL ALL THOSE DOLLARS WILL COME
HOME.
AND THE VALUE OF HER CURRENCY
WILL PLUMMET EVEN FURTHER.
AND THAT WILL LEAD THE PROPERTY
ACROSS UNITED STATES AND THAT
WILL LEAD TO THE TYPICAL
POLITICAL AND CULTURAL
VOLATILITY THAT INEVITABLY
FOLLOWS ECONOMIC COLLAPSE
DISASTER WE’VE SEEN IT BEFORE.
OF QUESTION OF THE FAMOUS
PICTURES FROM GERMANY IN THE
EARLY 20s BANKNOTES AND WILL
BARRELS WANT TO BUY A CUP OF
COFFEE COAST NORTH OF THE
30 POUNDS.
KIDS FLING WITH WORTHLESS STACKS OF MONEY.
OF MONEY.
THE REPUBLIC.
THE GOVERNMENT COLLAPSE BECAUSE
OF HYPERINFLATION.
AN ECONOMIC COLLAPSE LEFT TO
COMMONEST REVOLUTIONS ACROSS
GERMANY ULTIMATELY TO FILL IN
THE BLANK, THE REGIME.
IT’S WELL-KNOWN IN FACT IT’S A
CLICHE.
HERE’S THE THING THAT NO ONE
SEEMS TO REMEMBER.
WHAT BROUGHT ON THE ECONOMIC
COLLAPSE THAT SET THE WORLD ON
FIRE QUESTION WHAT DO ANYONE A
MEMBER THAT?
WHY DID THE GERMAN GOVERNMENT
BLOW UP ITS OWN QUESTION MARKET
SIMPLE.
THE GERMAN GOVERNMENT TOOK ON
TOO MUCH DEBT IN ORDER TO PAY
FOR A POINTLESS WAR.
YES.
A POINTLESS WAR DID THAT.
THAT SOUNDS FAMILIAR EXACTLY
FROM WHAT WE HAVE DONE RAPIDLY
FOR A DECADE WE DID IN VIETNAM,
IRAQ, AFGHANISTAN.
EVERY TIME WE GOT AWAY WITH IT
BECAUSE UNIQUELY WE HELD THE
WORLD’S RESERVE CURRENCY.
THIS TIME IT COULD BE VERY, VERY