Sept. 8, 2026

The Bill Martinez Show 09 08 26

Transcript

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Are you ready?

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Yeah.

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Okay, let's do it.

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Bill Martinez Live, a program about current events, our culture,

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our values, our politics, and our future.

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And now, Bill Martinez.

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Hey, good morning, America. Glad you could join us. Bill

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Martinez here along with Kenan Spivak, who's back with us,

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the founder and chairman of SMI Group LLC, an international

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consulting firm and investment bank. Kenan, how are we doing?

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We're doing great. Thanks for having me back.

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Well, great to have you here. As a consulting firm

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and an investment bank, I want to get your read,

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a true read on the economy, as opposed to the

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spin that the mainstream media is trying to throw upon

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us as we approach the midterms about 60 days out.

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The economy is basically in very good shape. Manufacturing is up.

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Employment is up. Orders are continuing to grow. this whole

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debate about AI, at least for now, is adding additional

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money and employment into the country. It's possible in the

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long run it will have a different effect. Gas prices,

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of course, are up. And if we strip the politics

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from whether that's something we should be willing to live with,

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have to live with, and look at it just from

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an economic point of view, that is a negative. Gas

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prices are not up a lot, but they are up.

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That increases the price of a lot of goods, though

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inflation is not rising at a particularly rapid rate, annual

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increase of about 3%. Also, and I think this has

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surprised a lot of people on the political side, though

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gasoline prices are up, it hasn't seemingly had much impact

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on the overall economy. I suppose if prices were not up,

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the economy might be doing a little bit better.

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Right.

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Well, I think some of the things that at least

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I'm optimistic about is I'm seeing the president doing something

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that he can. I mean, all things considered, OK, we're

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still dealing with Iran, even though some curious media type

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would ask the president if he was going to set

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off a nuclear bomb on Iran and You wonder, sometimes

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they're just so beside themselves, they disassociate with reality and

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common sense. But I got to give the president credit

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for not really going totally ballistic on that individual, although

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he did call her out for the silly question. But

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that aside, look what happened in Venezuela. I mean, this

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is something I don't see the Democrats ever doing. I

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don't know if they've ever done it in their history.

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where they've leveraged a relationship in such a way to

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where it's win-win. And Venezuela is saying, thank you very much.

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I know we're communists, but, you know, we'll take the carrot.

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We don't want the stick. We'll take the carrot and

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see how that works out. And so far, so good, Kennan,

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I think.

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Yeah.

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You know, this president really is the business president, for

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good or bad, and 90% it's for good. I'll talk

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about the 10% where it's not. 90% it's for good.

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He views international relations not good. from a global human

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rights feel-good perspective, but as an opportunity for countries around

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the world to do business together, to get investment, to

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invest in each other, and to form alliances to grow business. And,

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you know, most people are motivated by money, whether they're

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communists or capitalists. And so he's been right. I'm going

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to tell you what the 10% is. It's Iran. I

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think he's been mistaken thinking that the Iranian IRGC and

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mullahs are chiefly motivated by business and money. I think

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in that case, they're chiefly motivated by an ideological dogma

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that's transcended centuries. And his approach there to thinking money

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and business is an inducement isn't working.

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Yeah.

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No, I think you're exactly right. We've been saying from

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day one, I mean, history has shown us time and again,

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this is a death cult. And it's not like we've

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never run into death cults before. And death cults are

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ideologically fixed. They're not going to surrender their weapons. You've

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got to go and take it out of their cold hands,

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as one former NRA president was fond of saying. And

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that's what we're faced with. And I know that America,

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you know, they always say, and of course, you know,

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you've got the mainstream media leading the cheer here. You know,

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we don't have boots on the ground. We don't have

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boots on the ground. Well, let me tell you, you know,

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war defines itself. It's not defined by the mainstream media.

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I mean, we should have learned that from Vietnam and

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other experiences, right?

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Yeah, look, we've had boots on the ground a couple

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of times in Iran, special forces operations, the rescue operation

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for our downed airmen. We may have to have limited

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boots on the ground. I think we would be doing

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better in Iran if we hadn't stopped after 38 days

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and gone back and forth. It's true that the blockade

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and the economic choking of Iran is producing results. It's

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plausible that over time it will achieve all the results.

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And I know we had a munitions problem. Still, my

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perception is we would have a better outcome if we'd

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continued kinetic operations for at least another two to three weeks.

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Yeah, I agree 100% with you. When that first came up,

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I go, what? What are you doing? I mean, you're

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giving them a chance, any time of a pause when

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you're with an enemy, it gives them a chance to recalculate, rejuvenate,

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you know, and, you know, that sort of thing. And

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I know, you know, Pete Hex says, well, that also

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gives us a time too. But, you know, I think

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there's a price to be paid, you know, when you

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interrupt momentum.

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Yeah, we have two, we had two logistics problems. One,

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and I think it is true that we have a

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shortage of certain munitions. But second, we had a shortage

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in theater. of those munitions. Now, the second problem is

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someone's fault. Someone should be blamed for that. Some action

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should be taken. So I think we may have needed

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a pause or a slowdown to resupply in region. But

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apparently within a week, we had done that. And instead

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of resuming full operations, we know what we did instead.

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You know, one of the reasons Trump stopped may have

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been munitions. Another reason is he didn't want, as he said,

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a global economic slowdown, a third may have been the midterms.

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And probably in those three reasons are the reason.

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The second reason- Probably some pushback from some Arab allies too, Kenan,

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you know, because you've got them, you know, I mean, hey,

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they're the ones that, you know, they're the neighbors, right?

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Yes, but, you know, and I don't have any inside

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information on this, but press reports at the time of

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the disengagement after 38 days is that a number of

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the Arab countries in the region disagreed with the disengagement

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and wanted the U.S. to go forward. Some commentators like

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to blame Israel for getting the U.S. into the conflict

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and for wanting the U.S. to continue forward. But from

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everything that was reported in the region, it was the

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Arab nations primarily who at the 38-day mark did not

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want the U.S. to stop. Look, I don't know what's

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true in terms of what any one nation did or

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didn't want. I think it is true in hindsight we

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would have been further ahead had we not stopped or

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slowed or more quickly resumed whatever the logistic situation would

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have required.

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Well, you know, and here we are. I mean, we'll

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see what we see, I guess, when it happens. And,

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you know, and I think what Scott Besson has done

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in terms of, and you know this as an economist,

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what he's done to create a siege work economically against Iran.

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I mean, look at the real. I mean, $ 1, is

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it $ 2 million to $ 1? And their inflation rate's up

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over 100%. I mean, I guess the next thing you're

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going to know, sadly, it's going to be like Venezuela

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where they're eating out of trash trucks or something.

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Yeah, I don't think the government will care. And that's

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the difference between Venezuela and Iran. I do think it's possible.

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And I don't use possible as in 2% possible. I

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think there is an excellent potential that over a period

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of many months or even years, what Trump is doing

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now will work. Well, first of all, Trump isn't going

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to be in office for many years to come. Second,

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it's difficult to keep up this level of military involvement

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for the blockade and to keep other countries on board,

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even the economic restrictions. So I do think we need

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at least a combination of combat operations and economic operations. And,

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you know, going back to the big picture for a moment.

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I'll tell you what, before we do, though, we've got

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to go to a quick break. We'll go to a

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quick break. We'll pick it up on the other side.

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More from Ken and Spivak right after this. Stay with us.

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Thank you.

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the languages people were born to speak. Christians across South Asia,

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from Afghanistan to Pakistan, face a wall of resistance, both

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legal and social.

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Many believers live in communities openly hostile to the gospel,

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where they are frequently accused of crimes against sacred texts.

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Despite no eyewitnesses and no real evidence, the neighborhood response

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is immediate and severe, and in many cases, life-threatening. Yet,

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in the middle of all that, people are still responding

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to the gospel. In Pakistan, the Tide ministry is seeing

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a huge response to their gospel-centered social media outreach. The

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dangers facing Pakistani believers is a call for the Tide

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to press forward in proclaiming the gospel and to remain

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committed to being a source of hope for the local church.

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To learn how you can pray for and encourage people

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around the world whose lives have been eternally impacted by

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visit thetide.org.

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And we're back with you. Kenan Spivak continues with us.

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He's the founder and chairman of the SMI Group, LLC,

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an international consulting firm and investment bank. We're talking Iran.

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Go ahead and continue with your thought there, Kenan.

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Yeah, well, I was going to pick up on something, Bill,

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you said earlier, and it was the point that Trump

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does engage as a business president. And I said that

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in many, many instances that works, Iran is the exception.

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I would rather have a let's back up. The Democrat

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presidents don't even know about business. Most of them have

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never held a job. They've been in government their entire lives.

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They even may have an animus to certain business approaches.

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And for most of their foreign policy, the fact that

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they don't understand business has harmed the United States' interests.

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And Donald Trump's knowledge, awareness, and use of business has

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helped the U.S. So if Donald Trump is right 90%

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of the time, wrong 10% of the time. That's a

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whole lot better than the Democrats who are wrong 90%

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of the time and right 10%. And I think we

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can acknowledge that very few people are right 100% of

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the time.

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Yeah, no, I think that's an excellent point. And that

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was another point that I was going to make up

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is that, you know, I'm a lead follower, get the

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hell out of the way kind of guy. and the

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obstruction that's taking place all in the name of politics,

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which the mainstream media is carrying the load for the

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Democrats and the DSA because they want to do everything

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they can to work against this president. And in doing so,

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they're adding an aid and comfort to the enemy. They're

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giving them inspiration to continue the good fight, especially in

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light of this, you know, the political threats and the

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landscape that's here and how it's being reported on. And

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I mean, it's like, It's near treasonous, Kennan.

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The mainstream Democrats, ignore the DSA for a moment. Mainstream

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Democrats so hate Donald Trump that anything bad for Donald

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Trump in their mind is good for Democrats, good for

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the United States. They clearly have opposed what we're doing.

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And you know, the media and the Democrats have this

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lie that they tell over and over again. You know,

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I was reading the same, it really is a lie,

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in a National Review column just yesterday. And So that

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would be from a conservative. And the lie is that

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Trump has never enunciated the objectives of what we're doing

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in Iran. He enunciated the objectives from the second or

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third day. And those objectives were to prevent Iran from

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having a nuclear weapon, to reduce their ballistic missile inventory,

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and to destroy their terror proxy network. And he also said,

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though it wasn't an objective... that regime change would be nice.

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He said that over and over again. So anyone who

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says that Donald Trump hasn't enunciated his objectives is either

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stupid or a liar. And a lot of the people

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who are saying this are not stupid, so they're liars.

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Yeah, that's what happens. You know, as Jordan Peterson says,

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you become so ideologically fixed that you render yourself stupid.

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And I think this happens politically. Clearly, this is what

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we're seeing because you can't square that up because just

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as you said, Donald Trump, Not once, I mean, but repeatedly.

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And this guy holds more press conferences than anybody. I mean,

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I think in the first day or two, he surpassed

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all of Joe Biden's four years when it came to

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press conferences, right?

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Yeah.

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Now, he tells us what he thinks, and you may

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disagree with his objectives. You may accurately note that the

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prioritization among the objectives hasn't always been exactly the same,

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but the objectives have been the same. Occasionally he throws

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in regime changes he did a couple of days ago.

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But the core objectives have been the same, have been clear,

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have been consistent. And some of those are objectives he's

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spoken about for 20 years, long before he even ran

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for president of the United States.

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And you know, Bill, you.

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Mentioned the DSA. The DSA is a different situation than

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mainstream Democrats in the sense that they don't want the U.S.

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to have borders. They don't want the U.S. to be

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a world leader. They really do want bad things to

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happen to America. And they completely oppose what we're doing

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in Iran. And what's really kind of amazing to me

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is the unholy alliance we've seen between socialists slash communists

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and these Islamists because they really don't have an alliance.

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The Islamists want a theocracy. They believe in Allah. They

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want to throw gay people off the roof. They have

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women should be in robes over their heads, barefoot and pregnant.

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And that's not what the socialists believe. But for now,

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if they can take down Western civilization, they'll worry about

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the next fight when they achieve the first goal.

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And of course, if they get the first goal, it's

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easy because we're not going to have a democracy where

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you're going to cast a vote on these things. They're

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just going to start throwing people off the top of buildings.

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Well- They'll both start throwing people off the top of buildings.

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The rise of political violence in the United States has been, well,

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the rise lately has been entirely on the left. And

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even if you look back historically, there's been violence on

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the right. The Oklahoma City bombing is the best example

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of violence from the right. But overwhelmingly, it's from the

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left or from Islam radical terrorists. And anyone who calls

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it Islamophobia to talk the truth is someone that should

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frankly just shut up.

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Yeah, I agree with you. The ballroom, I mean, talk

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about the madness. I mean, the ballroom is just something

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that is just poking people these hardliners right in the eye.

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It just drives them nuts. And I want them to

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sign a contract that says that if a Democrat president

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comes into office, that he refuses to use that ballroom

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for any kind of security, that he goes out and

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just pitches a tent like Obama and Biden did over

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the years, right? And let the drones come in and

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check them out.

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Yeah, look, the ballroom is a good idea. Trump also

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likes to taunt his opposition. It's probably larger than it

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should have been to be aesthetically more pleasing and still

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achieve all the objectives. Trump does want everything to be bigger, larger, first, whatever.

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And yes, I wish it was a bit smaller. But

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I think Trump has the far better of the argument

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as to the need for the ballroom. And Democrat presidents

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are going to be delighted to use it.

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Yeah, without a doubt. And we've got to get the interference.

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I mean, at every turn, I'm just, I don't know

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about you, Kenan, but every time I open up, I'm

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hearing about another activist judge stopping what the president's doing,

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whether it has to do with the ballroom or, you know,

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his name on an arts center or the Kennedy Center

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that has been in shambles and the Democrats have let

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it go. Now Trump comes in and tries to fix

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it up, his name's on it, and it just drives

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them crazy.

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Yeah, the Democrat judges, the activist Democrat judges, have gotten

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very good at running out the clock. And even though

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ultimately their rulings are, for the most part, state or reversed,

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I guess where they're not state or reversed, they're right.

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But for the most part, their rulings are state or

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reversed because they're not right. I have a column in

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Real Clear Politics coming out Monday about the recent Supreme

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Court decision reversing Indira Talwani's decisions on election ballots. She's

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just issued a new injunction. She's an expert at running

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out the clock. She actually enjoined the federal government on

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a duly elected statute enacted by Congress defunding Planned Parenthood.

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Of course, she was reversed, but she ran out the

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clock on the defunding. These activist judges, again, they're very smart.

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They're very clever and very evil.

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Yeah.

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And how does that help? How does it help out,

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you know, America? when they're representing such a minority portion.

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I mean, they do everything they can to invalidate the

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consent of the governed and our constitutional rights.

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Oh, but you don't understand. They're very well educated. They're

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very smart. They know what's better for America. And they're

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doing this to help America and help all those poor,

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and I don't mean poor economically, but mentally deficient conservatives

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who don't understand what Trump is doing to them. You

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really have to understand that they're really there to help us. And,

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and there is a, I guess you have to, you know,

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that sarcasm, of course, in a transcript, in a transcript,

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that may not be clear that that was sarcasm.

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Well, yeah, because it's like, you know, show me once

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that these theories, whether, you know, they've come from Obama

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or these activist judges, what's the track record of success.

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Can they show anything?

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No, they can't. By the way, can communism show a

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track record of success? 90 to 100 million dead, countries

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00:23:28.980 --> 00:23:34.019

The Bill Martinez Show 09 08 26

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