i had a great conversation with jim grant about two months ago. he is on the other side of this but we've run out of time. thank you very much. appreciate it. >> thank you very much, charles. charles: coming up reshuffling the world order. massive news, folks. the brick nations are get while lot bigger and they're a bonafide threat to our economic security. i will first bring on tom fitton. we'll talk about the weaponization of the justice department and undermining our three-tiered system of government next. ♪ ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or vi

as jim grant, another winner of the hayek prize. and here today pointed out low, low rates trap capital in zombie companies, encouraging investment in in the sky ventures such as billion dollar billion dollar unicorns of silicon valley. as jim wrote several years ago, it is a little known fact about unicorn ants that they feed on interest rates. they like low little rates. the tinier, the better. now, you may have noticed that many of those unicorns were then swallowed up in 2020 by by these special purpose acquisition companies or spacs. one of the most glorious speculative episodes, financial history i a comment early a few months ago by the so-called spac king chamath. happy tier who said the mathematical truth of higher interest rates is that it renders your valueless, but that perhaps didn't really have much value to start with. interest is. the the price of leverage or the price of anxiety as the 18th century philosopher ferdinand galliani put it. what we would call the price risk without interest, leverage climbs to the sky a

i had jim grant on the show, we're putting next 30, 40 years yields will go straight up.hat do you think about this? you don't necessarily agree, do you? >> i don't. the reason i don't, really exactly what you will talk about later in the show. look what wall said about consumers, talk about student loan payments coming up. interest rates are a function of two things, economic growth and inflation. that's it. if people can't keep up with the cost of inflation, just like we were hearing a minute ago with food costs being up 6%, if the wages are not rising enough, economic growth is going to slow, what is the fed trying to do? the reason the fed is hiking rates, bring down inflation. if the fed is focused bringing down inflation, economic growth will slow back to 2%, our historical average since the turn of the century, interest rates by their very nature are going toe fall. that is because of the amount of debt we're currently carrying not just the government 32 trillion. also tremendous amounts of debt for corporations not to mention households. charles: what about the fa

jim grant and i'm a co founder and the chairman of howell ledger, and we use the block chain to enable electricity trading energy asset financing and calvin market. this award winning australian company wants to take us to a common free economy. foster jenna has identified a problem upon the building, often building the tenants. and it means that every solar panels, the owner of the apartment isn't really incentivized to put in solar panels about this because the tenant benefits, but using up for the tenant will pay their electricity bill to the body corporate using power. let you the 10 and paste the owner, not the power company for the electricity. and if the tenant isn't at home, the unused energy will be sold to a neighbor, lowering the power bill and making a profit for the owner. so it actually crates the, making the them to just the, by investing the capital in the best buy. this clever system could also speed up investment in sustainable energy projects by making it real easy to own a piece of a solo or a wind farm. why do i need a block chain for this conduct, invest in a sola

and so grant confided in jim, allowed him to report to john, the first native commissioner, which differsand so a partner is in that position. we're almost 200 years until about 1968. i think johnson's year they'll be tensions when he appoints bob rifle and look to the indian from south dakota. all right. we have so many questions and only a few minutes left. so i'm going to go through and to see how many of these kind of will line up with one another, one one question i've had from three different individuals on, could you talk a little bit about the individuals who are pictured in the background behind you? we've had three different individuals have asked about that. i'm for tribes. i'm a quarter of each and so that's an and that is to come so we're in the george the third medal that you see and the person next to him is. black hawk and soft so i'm second on my mother's side shawnee on my mother's side as well. the third individual in the black and white photograph is actually jethro harjo. the translation of the crazy snake i a book manuscript about that's supposed to be coming out nex

granted? >> you know, jim, we focus on the fundamentals in this last year we wanted to make progress on driving rebuilding margins given the incredible inflation our business has been exposed to over the last 18 months. and we did just that not only did we make progress on margin, growing 360 basis points behind very strong pricing actions and record cost savings, but we did that while investing in our brands. we invested in innovation. we invested strongly in advertising and sales promotion. and that led to being able to grow while rebuilding margins at the same time. >> are you in new channels that i have not -- are you in advertising? tiktok is it insta? is it youtube? there's got to be a whole new generation of people buying your stuff. you can't get these kinds of numbers with the same old same old. >> we're on all the same platforms, but what we're really committed to is getting to know people better. so jim, we soet our goal to get to 100 million people in the u.s. so we could deliver them personalized content we've nearly met that goal and that's led to record high rlis from a marketing

he told jim jordan in a letter i have been granted ultimate authority over this matter including responsibilityiding when, where and whether to file charges and he says he stands by what he wrote. are you saying that he's lying here? >> all i know is what he told us on october 7th that i documented right then that i sent to a supervisor. they confirmed that what was said. that you have a june 7th letter before our testimony was released. after our testimony is released in the june 30th letter he says again he has that full authority but in the next paragraph he immediately says, but my authority is geographically limited to delaware and then he says he has to partner, departmental practice to partner with the u.s. attorney. that's what we really see here. we see a correction by doj because the statements that they have said all along are not consistent with the decision made by attorney general garland or he wouldn't have had to make it. >> it biden appointed attorney general agreeing that he had the ability to charge -- with a trump appointed u.s. attorney agreeing. one thing this does compel

he told jim jordan in a letter, i have been granted ultimate authority over this matter, including responsibilityiding when, where, and whether to file charges. and he says he stands by what he wrote. are you saying that he's lying here? >> all i know is what he told us on october 7th. and i documented right then that i sent to a supervisor. they confirmed that that's what was said on october 7th. then you have the june 7th letter before our testimony, the house ways and means committee was released, where united states attorney weiss says he has full authority. after our testimony is released and he realizes what was released by ways and means committee, on the june 30th letter, he says, again, he has that full authority. in the next paragraph he immediately says, but my authority is geographically limited to delaware. then he says, well, he has to partner -- his departmental practice to partner elsewhere. we're seeing a correction by doj because the statements they have said all along are not consistent with the decision that was just made by attorney general garland, or he wouldn't have had to

jim and costs were once convincing in terms of quality. this illiteracy demonstrated by this bmw of you from 19 such and 7 was no longer available in german cause from the mid 1990. take home grants, getting big of them and the, all the conquering brands, they were much more money managers. they were in the situation that they have to bring more money to the shareholders because he changed definitely. the most of the engineering was, was limited from the management. that's why jim and manufacturers now have to save on production costs. in 2020 to the gym and automobile club, ac examined 580 costs specifically to analyze quality of work and material. things didn't look great for some models from the p w group and selling the stuff. i know i have the new model that sort of come onto the market the last few years. i don't know school or even the last one or 2 years . we've seen the tendency is to use an expensive material. that's 2nd item in the kind of stuff we but we'd say dependents are covered in february. any longer unable, by the end is the fact that everything below the to handle this is now made of hard plastic. i just wanted to start a little hot plastic gem and coming maga

jim, background checks, is that something that uniformly across law enforcement they are in support of? in a situation like, this, granted we may still find more indications that 21-year-old bryan cristobal ryan palmeter who carried out this attack, a marketing use the word allied, she did it. he's on video doing, that he killed himself having done it. is there something that would indicate background checks could have been helpful in preventing these things from happening going forward? word is law enforcement stand on that? >> well, lot of force mints supports background checks. background checks are not an infringement on anyone second amendment rights. it's simply to check to see if you are a person who is a danger, who is prohibited from having the gun. you know, the pushback from the gun lobby is that it's too inconvenient. it's too inconvenient. you, know it's kind of inconvenient to walk through the metal detector at the airport, get wanda, take off your shoes, that's inconvenient, but we all duets for the safety of the common we'll. i mean, w e al, the common good. that's something we acceptance is siding becaus

granted, that's a game changer. >> that would be a huge development. we'll be watching for that. elie, thank you so much. >> thanks, brie. >> jim? >> donald trump gearing up for his surrender at a jail in georgia. what we're learning about his legal strategy as well as a new lawyer just ahead. and talk about a grip on the party, most of the republican candidates say they will back trump even if he is convicted. more on the political fallout of the former president's legal troubles coming up. ♪ it takes two to make it outta sight ♪ ♪ it takes two to m make a thing go right ♪ ♪ it takes two to makee it outta sight ♪ ♪ one, twtwo, get loose now ♪ ♪ it takes two to make a.a... ♪ ♪ it takes two to make a... ♪ ♪ it takes two to make a... ♪ ♪ it takes two to make a... ♪ ♪ it takes two to make a... ♪ ♪ it takes two to make a... ♪ stay two nights and get a $ 50 best western gift card. book now at bestwestern.com. ♪ with wet amd, sometimes i worry my world is getting smaller because of my sigh but now, i can open up my world wh vabysmo. vabysmo is the first a-approved treatment for people with wet amd that improves vision and delivers a c

but i have get in one point grant fought in that same terrain and he figured out a way to get through it or get around later later, later. jim, did you want to add anything? well, you're absolutely much of the battle of chancellorsville took place in what was called the wilderness. it's an area virginia of second growth pine and scrub oak trees where the first groves had been cut down to create charcoal for the iron smelting industry. and when the second growth grew up, it was very thickly wooded in area. the soil is poor soil poorly soil. and so the visibility is is very limited, but that actually is another of leads to another comment about hooker as he on the day may 1st as his army was moving toward lee's rear in fredericksburg. they march out of the wilderness because from about two miles east of chancellorsville crossroads the country opens up right it's open farm country, different soil and by pulling back into this defensive position on the edge of the wilderness hooker, i think creates two strikes against himself because jackson has been able use the concealment of this thick woods to to carry his flank march and th

grant them honorable discharges. their dishonorable discharges have cost them benefits like loans, health care, and tuition assistance. jim one of those plaintiffs who still carries the painful remind they're who she loved made her unfit to serve. >> reporter: this is 24-year-old you. >> correct. >> reporter: do you remember what she's thinking? >> i was proud at that time. putting on that uniform was everything. >> reporter: when sherrill farrell joined the navy in 1985, she was also joining the family business. >> this is one of the best countries there is. and to be able to honor it by serving it was something that my whole family had done. so it was like it seemed like the right thing to do. >> reporter: her grandfather was an army officer in world war ii. her father an air force officer. you wanted to do 20 years? >> that was my plan. >> reporter: you didn't even do ten months. >> no, sir. i wasn't allowed to. >> reporter: soon after arriving at her first duty station, she says a casual conversation about gay clubs with a bunk maitlanded her in front of naval investigators. her military career was over a few months l

grant must've gone back and had a nap at the white house. he didn't say a word about that. he should have. so -- eddie: how did the rise of jim crow impact douglas? david: the rise of jim crow in the early 19th century really had an impact on him because douglas got thrown off lots of trains, he got jim crow to more times in his life than he could ever count by hotels, taverns, restaurants, trains, stagecoaches, it got to be a source of humor for him at times. sorry. but later, the time we often talk about, the rise of jim crowe, douglas luce to see it. he lives from 1895, mississippi passes the first disenfranchisement line 1890. douglas lives to see the beginnings of bitter segregation in the late 1980's and into the 1900s. he doesn't see it enter for wishon in the 20th century, but he sees it. nothing about it, as much as i could tell, surprises him because he had experienced all of the antebellum jim crow over and over and over. although, he always referred to things like being jim crowed or a form of segregation, legal or otherwise, as another variation of proslavery ideas. he would just call it their proslavery vision r