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Dec. 22, 2020 - Bannon's War Room
48:23
Bannons WarRoom Ep 604 (w/ Boris Ephsteyn, John Fredericks, Jason Trenert)
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boris epshteyn
06:09
j
john fredericks
13:14
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steve bannon
14:07
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anthony fauci
00:07
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jack maxey
00:35
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Speaker Time Text
unidentified
Well the virus has now killed more than a hundred people in China and new cases have been confirmed around the world.
You don't want to frighten the American public.
France and South Korea have also got evacuation plans.
But you need to prepare for and assume.
Broadly warning Americans to avoid all non-essential travel to China.
That this is going to be a real serious problem.
France, Australia, Canada, the US, Singapore, Cambodia, Vietnam, the list goes on.
Health officials are investigating more than a hundred possible cases in the US.
Germany, a man has contracted the virus.
The epidemic is a demon and we cannot let this demon hide.
Japan, where a bus driver contracted the virus.
Coronavirus has killed more than 100 people there and infected more than 4,500.
anthony fauci
We have to prepare for the worst, always, because if you don't and the worst happens, War Room.
unidentified
Pandemic.
Here's your host, Stephen K. Bannon.
steve bannon
War Room.
It is Tuesday afternoon, the 22nd of December, Year of Our Lord 2020.
Welcome.
We've got to go right to Jason Trennert from Strategist, one of the senior consultants and advisors on Wall Street.
I want to talk about the economy and the stimulus bill and the appropriations bill, $2.6 trillion worth of spending that is before us.
Jason, walk us through, first off, you're a guy that wrote an op-ed for the Wall Street Journal In August, I think, of 2019, and that op-ed was about modern monetary theory, which is just this concept of, I guess, creating money.
You've been a guy that's been a hawk, or at least somebody that's watched the money supply, and you continue to point to the money supply, the exploding money supply, as a cause for danger.
Before we talk about this $2.6 trillion stimulus, appropriations, defense authorization, all of it, Walk us through your fears about the economy, in particular about the U.S.
dollar and our ability to just continue to print this stuff.
unidentified
Well, you know, Steve, thanks for having me on.
I think, listen, modern monetary theory is, it's a kind of a fancy term for spending money you don't have, and there's nothing, I'd say there's nothing modern about it, because this is something that, if it really worked, we would still be using Roman money.
You know, we would still be using Greek drachma or something from before Christ or something.
So this is something that's been tried repeatedly, where you largely spend money you don't have.
We can get away with it right now because the U.S.
is the reserve currency, and it probably stands alone among other fiat currencies.
Fiat meaning it's just backed by By belief, by faith, not by anything, no hard assets like gold.
But you know, this year, our twin deficits are about 18% of GDP.
So our budget deficit and our trade deficit, which is unlike anything anyone has seen since World War Two.
And It worries me.
It's not hard to be a hawk on this, because it seems to me this is not a reliable or sustainable approach.
Again, there would only have been one reserve currency in the history of mankind, and as we know, it's moved around a lot.
That exorbitant privilege gets passed from country to country over hundreds of years.
steve bannon
So, the money supply, though, walk us through some analytics.
It's exploding right now, correct?
And what does that mean long-term for us?
unidentified
Right.
So, if you look at the amount of assets on the Fed's balance sheet, that's roughly $7 trillion.
It was $4 trillion at the start of this year.
Fed's balance sheet that's roughly seven trillion dollars.
It was four trillion dollars at the start of this year. It was eight hundred billion dollars when Bear Stearns failed in 2008. So...
steve bannon
Whoa, whoa, whoa, hang on, hang on, hang on, hang on.
Give me that again.
unidentified
So when Bear Stearns failed, the assets on the Fed's balance sheet were about $800 billion.
on the Fed's balance sheet were about $800 billion.
Then we got to $4 trillion after Lehman failed, and then we're now at $7 trillion.
steve bannon
Hang on, hang on, hang on.
When Trump raised his hand to take the oath of office after eight years of Obama, it was $4 trillion.
The most progressive president in history, Barack Obama, with Joe Biden, his neoliberal wingman, their solution for the entire financial collapse was just inflate the balance sheet of the Federal Reserve, essentially just create money, right?
To bail out the top 1%.
Okay, I just want to make sure we're straight.
$800 billion to $4 trillion, all that money goes to prop up stocks, to prop up the real estate, commercial real estate, all that, right?
unidentified
Right.
And you do that, and it gets very technical, but bottom-lining it, you're largely allowing a cushion for the federal government to spend more money.
You don't want to say it's necessarily It's necessary.
The debt is being monetized, but it's largely being monetized by the Federal Reserve, what the federal government does.
This was largely illegal before Bayer failed.
And I said Bayer failed in 2008.
It failed in 2007.
But largely, the Fed is only really supposed to provide this level of support in what they call exigent circumstances.
And certainly, you know, the financial crisis in 2008, Qualified, but by the same token, all of that excess liquidity stayed with us.
And now, the Fed's balance sheet was about $4 trillion in February.
And then by April of this year, 2020, by April, it was $7 trillion.
Okay, so we increased it by 70% in two months.
and the fed is accepting everything is about the is accepting everything is collateral and buying municipal bonds uh... is in the corporate bond market is doing all sorts of things it's really not was never designed to do uh... and that uh...
steve bannon
that creates uh... what you call moral hazard it creates problems because politicians are not particularly good at saying no and the federal reserve is supposed to say no at the appropriate time more more have more hazard for audience being if you bail out of their stern jerk you basically morally obligated yourself to open yourself up to bail out lehman brothers right And this is why at some point in time, you just got to say no.
Is that not correct, Jason?
unidentified
Yeah, I mean, it's very, of course, it's very difficult.
No one likes to say no.
And there are real world consequences to saying no.
And of course, we are hard It goes out to people that lose their jobs, and no one likes recessions.
Of course, it's terrible for a very strong human cost.
By the same token, you know, eventually you do have to pay the money back.
That's the reason why modern monetary theory doesn't work, is that eventually what winds up happening is people abuse this exorbitant privilege of having reserve currency, and the currency declines in value.
And you get inflation.
Now, again, we're bailed out in some ways by our competitors, which is to say there aren't a lot of other great options for a fiat currency.
But you're seeing a rise in the price of gold.
You're seeing a rise in Bitcoin and cryptocurrency versus the dollar.
And I think that's very much a reflection of the fact that investors are afraid, don't have confidence necessarily, that the spending power of the dollar It will continue to be as strong as it has been, and this year you've seen the dollar weaken versus other paper currencies as well.
steve bannon
With your theory of the case, and you're sitting there, you're worried about the currency, you worry about the dollars, the prime reserve currency, about a strong dollar.
Talk to me about this $2.6 trillion total aggregate spending, defense, appropriations, and the $900 billion Stimulus.
Do you like the use of proceeds?
Do you like where the money's going, Jason?
unidentified
You know, I like... Listen, Steve, I tend to think that free markets are the best way to allocate capital.
And I would say a moral hazard... One example of moral hazard would be that, let's say, investment banks or speculators take more risk than they normally would.
Another form of moral hazard, I would argue, is shutting the entire economy down in response to a virus.
uh... it and as as dangerous as scary that might be all only that uh... all only that that would only be considered if you felt like you had a central bank that would really back you up and bail you out and so i'm not particularly big fan of this uh... but it it seems to me if you've made the decision to lock the economy down it's only fair from the from the fairness perspective that you help out businesses you help that individuals that have been displaced by the decision
to lock the economy down.
In my opinion, what economic historians will argue, I hope, in the future, is whether the cost of the lockdown greatly exceeded the benefits of a lockdown, the health benefits.
And economics is a science, or it's a social science, of balancing out cost and benefit.
So I can't say I'm a particularly big fan of this, because I just don't know where it stops.
And once you start doing it, it's hard to put the toothpaste back in the tube.
And so much of this money will be spent in the next four or five months.
The question then will be, if the economy is not as strong as we hope it to be in four or five months, what then?
We're going to spend another trillion dollars we don't have.
And to give you some sense of this, Steve, what we just passed is larger than the entire fiscal stimulus bill in 1981, and bigger than it was what we passed in 2007.
This is just the last iteration.
So if you included everything this year, it's about 8% of GDP when what we did in 1981.
uh... under reagan was maybe about two percent of gdp so this is a of a size and magnitude we've never seen before and again the court the question i have don't want to people suffer but the question you have this word of the stop what when do you stop spending money you don't have Well, how about stopping it this way?
steve bannon
Would you veto?
I mean, if you were in the Oval Office talking to the President, would you recommend that he veto the stimulus until it got more focused on getting cash to people and stop with all the corporate welfare?
Or would you tell him to veto the appropriation bill?
I mean, Jason, if you were in the Oval right now on Tuesday afternoon when he's thinking about this, what would you tell him to do?
unidentified
I would tell him, I'm going to be frank, and I don't like saying this, I would tell him to sign it because the decisions have already been made to lock the economy down, and that's a decision he didn't make.
And yet, I think the consequences, and I know there are people like Steve Moore and others that feel very strongly that we shouldn't do it, but I feel very strongly from just a fairness point of view, the government is largely putting people out of business and out of work.
and almost just from a compensation perspective owes it to people to get them the money.
Unfortunately, the way the system works, it comes with, as you know, it comes with a lot of pork, it comes with a lot of things that you don't like to spend money on.
steve bannon
You don't think he could veto this and say, hey, you've got 48 hours to go back and carve out all this stuff?
Jason Trenum is going to give you a list of 100 things you shouldn't have in here.
You're going to take it from $900 billion down to $500 billion.
But that $500 billion is going to be more focused on cash in pocket.
Moore's not going to like that.
He likes all the illegal immigrant labor coming in here for his corporate buddies.
And I love Steve Moore and Arthur Laffer, but they don't like the unemployment.
They don't like people getting more cash, right?
So, Jason, would you tell them there's $300 billion you want to take out, or you just go, eh, you know, I don't like it, but go ahead and sign it, let's get the cash out there.
unidentified
Listen, I hate, and again, this is, you know, you're forcing me to make a moral, this is, you know, the nice thing about not being in power, right?
The right thing to do would be to veto it.
Uh, but it's hard to get, you know, it's like St.
Augustine, you know, Lord make me chaste, but just not yet, right?
You know, you want to, you want to, you want to do that.
You want to take a stand, but there are people, you know, kind of hanging in the balance.
And, um, so I, you know, I would, I would find it hard to do that.
I would, uh, and it's easy.
I almost feel, I'm not guilty by saying that I would do it because I've been lucky enough with my business on Wall Street.
I haven't been displaced.
I've been able to work.
I've been able to have my business open this entire time.
I'm not waiting for a check from the federal government to make it from one day to the next, thank goodness.
Not right now, at least.
So that's the hard part, Steve.
Listen, eventually there will be a reckoning.
This much I know.
There will be a reckoning.
We don't know the time or the hour.
But there will be a reckoning for spending all sorts of money you don't have, sooner or later.
I'm not doing a great job.
That's why I'm not president.
Unfortunately, as you point out, once you make that leap of bailing people out, it gets very, very difficult to go back and do it another way.
Of course, who gets hurt?
The average person gets hurt.
steve bannon
Yeah.
Jason, we've got to bounce.
What's the link to your website?
People get more of you and find out more about your writings.
unidentified
Yeah, so it's Jason Trennert.
It's JasonTrennertOneWord.com.
steve bannon
Jason Trennert, thank you very much.
One of the top thinkers on Wall Street.
Not open for a veto.
We know not the hour nor the day for the reckoning.
One way we can put that off is to veto this right now.
Let President Trump get refocused and go back since he started his second term.
Let's get on it.
Let's start making some cuts right now.
Get some more cash to people, less to the corporate welfare.
Be back in a moment.
unidentified
War Room.
Pandemic.
With Stephen K. Bannon.
The epidemic is a demon and we cannot let this demon hide.
War Room.
Pandemic.
Here's your host, Stephen K. Bannon.
I want somebody to look at all the overseas activity of Hunter Biden, see if it's compromised the foreign policy of President Biden if he gets to be president, and the guy in Delaware doesn't have that mandate, so I respectfully disagree.
If it were up to me, I would take the U.S.
Attorney in Delaware and give him the entire Hunter Biden portfolio so he could look at at everything Hunter Biden did throughout the world, which is pretty massive, industrial-size influence peddling.
I think we need a special counsel because I worry that what Hunter Biden did may have compromised our ability to effectively wage foreign policy.
You know, it's amazing to think, with your support, President Trump and our team received more than 74 million votes across America.
10 million more than in 2016, and more votes than any incumbent president in American history.
Thank you.
Thank you.
We flipped 12 seats in the United States Congress.
I don't want this.
And the president actually received the greatest share of minority votes for a Republican president in 60 years.
And come January 5th, we're going to hold the line in the United States Senate when we re-elect Kelly Loeffler and David Perdue to a Republican majority.
On Capitol Hill.
Four more years! Four more years!
steve bannon
I Okay, welcome back to War and Pandemic.
We got Boris Epstein from the President's team.
Boris, people are talking a lot of smack.
They're talking the President's, you know, going to cause violence.
He's trying to do a coup.
He's got crazy stuff going on.
You got Lindsey Graham there talking about Hunter Biden.
He supports, I guess, a special Great to be with you again on the number one podcast in America and soon the world.
I don't know who's beating you out there.
I bet it's fake news.
is going on too long, but I think he eventually got to throwing down about holding the line with the president and focusing on this.
Walk us through what's going on hot today.
boris epshteyn
Steve, here's what's going on.
It's hot all over the country.
Great to be with you again on the No. 1 podcast in America and soon the world.
I don't know who's beating you out there.
I bet it's fake news.
unidentified
So great to be with you and your viewers and your listeners.
This is breaking news.
boris epshteyn
Tomorrow morning in Georgia, there's going to be a hearing in the state House of Representatives.
The Secretary of State, Raffensperger, is coming in, and I hope he's going to have a tough morning because he's got a lot, a lot to answer for.
Alan Powell is our guy there on the ground on the Republican side in the House.
unidentified
And it's going to be a tough morning for the Georgia Secretary of State.
boris epshteyn
That's extremely important.
unidentified
In Pennsylvania, the... Ho, ho, ho, ho, whoa, whoa, whoa, hang on, hang on, hang on.
boris epshteyn
I was going around the curb.
steve bannon
You're saying... I was going around the curb there.
I know, I know, but I want to drill down.
I want to get the receipts here.
This report that came out of the Senate, right?
This great report that came out of the Senate that kind of exploded today that said there's enough evidence They think to call a special session back, let the Democrats argue about it, but to actually decertify enough stealing, election fraud and voter fraud to decertify the Biden electors.
You're saying tomorrow at nine o'clock in Atlanta, the state capitol, there's going to be a hearing of the House and Roethlisberger is going to show up and they're going to go through the same material, the House of Delegates in Georgia?
boris epshteyn
They're doing it by Zoom because of all this COVID situation that we've been living through this year.
War Room pandemic was all about it.
9 a.m.
unidentified
Zoom.
boris epshteyn
The agenda is Secretary of State Brad Raffensperger, Election Manager Gabe Sterling, and Ryan Germany, the Secretary of State Legal Counsel.
So they're all going to be up there getting questioned by fully prepared MAGA members of the Georgia House of Representatives.
Very important.
Tomorrow, 9 a.m., Christmas Eve, which even I, your Jewish friend Boris Epstein, knows is the time that maybe some are starting to rest, but the real Americans, the MAGA Americans, the MAGA movement continues to work.
steve bannon
Continue, Grant.
So this is very important, and you believe that this is showing you, trend-wise, that now, down in Georgia, people are getting serious about this.
They've seen this evidence.
They understand there has to be an accounting of this, correct?
boris epshteyn
Absolutely.
Absolutely.
The people in Georgia are plugged in.
You heard him.
And it's very clear.
The vice president was talking about holding the line on January 5th.
And what's the chant you heard right there?
Four more years.
Is that four more years for the Senate?
No, it's four more years for President Trump.
And yes, it is absolutely vital, including, importantly, for our fight to make sure that Kelly Loeffler and David Perdue are reelected on January 5th.
Absolutely vital.
Full stop.
But the fate of the country rests on this fight that we are undertaking to ensure election integrity and that real votes, legal votes, are counted.
steve bannon
OK, perfect.
So this has got real momentum down in Georgia.
Everybody ought to pay attention there.
This is what we're talking about, using a legal process to basically close on President Trump's massive victory on November 3rd.
Let's go to Wisconsin.
Updates on West.
Last time we left you on Wisconsin, you had Bernie Kerik, yourself, Others were putting together a program to basically get these ICs, these indefinitely confined, which used to be 20,000, that's fine, they're in nursing homes, but it ballooned up to 221,000.
A lot of those ballot harvested in parks, in Milwaukee, and near the University of Wisconsin in Madison.
So what's the update?
boris epshteyn
It's a big number.
You're looking at a universe of, as you said, over 200,000 indefinitely confined.
Again, remember for your viewers and your listeners, In Wisconsin, voting by mail absentee is not a right, it is a privilege.
If one claims indefinitely confined under Wisconsin law, they have to actually be indefinitely confined.
The Wisconsin Supreme Court said that if COVID-19 was used as a pretext to say you're indefinitely confined, that is inappropriate and unlawful.
Those votes shouldn't count.
So now we're going through a meticulous program, and there's really no way to mechanize this.
You're literally looking at every individual who said they were indefinitely confined, and then you have to discover what they've been doing for the last Six, seven, eight, nine months.
Of course within all laws, rules, regulations, everybody keep calm.
Okay?
So that's what we're doing in Wisconsin.
We're going through the numbers and we're ensuring that we know how many people wrongfully classified themselves as indefinitely confined.
Here's another thing going on in Wisconsin.
The legal battle is not done.
We're looking at significant options.
In terms of that razor-thin 4-3 decision by the Wisconsin Supreme Court, which was not on the merits, but it was on procedure with the laches opinion by the Wisconsin judge, who now has gotten an earful and an eyeful on Twitter from President Trump.
We've all seen that.
We're looking at our options in terms of ensuring that the right perspective, the right position from that case, Are you going to refile in Wisconsin?
Is that what you're telling us?
You're going to refile?
were broken and that the federal constitution article 2 was subverted by Wisconsin courts not delegating and not leaving it to the Wisconsin legislature to set the rules and laws about how a presidential election is held. So Wisconsin is fully fully on the map. Are you going to refile in Wisconsin? Is that what you're telling us? You're going to refile or what are you guys going to do?
As I've stayed consistent I'm not going to get ahead of the president, I'm going to get ahead of our legal actions here.
I just want to tell you, your viewers, your listeners, that the legal fight over Wisconsin, that razor-thin decision of 4-3, is being looked at very closely, and every option is going to be exhausted to ensure that only legal votes are counted in Wisconsin, under Wisconsin law, Wisconsin Constitution, and the federal constitution.
steve bannon
When do you think you're going to have a preliminary cut of how many how many illegal votes or how many illegal ballots were in this indefinitely confined?
When do you think you'll have a first cut of that?
boris epshteyn
I'm getting updates hour by hour.
I'm getting updates hour by hour.
And I was told that the process is going to continue throughout these days, right into likely Christmas Eve.
And we'll have some numbers there, I think, by the I expect by the end of the week.
steve bannon
Okay.
I hear out in Arizona they're trying to push certain votes.
I think you've refiled, or the Judiciary Committee has refiled, as of early this morning, on this subpoena to seize all the machines and do a forensic audit in Maricopa County?
boris epshteyn
Absolutely.
And the Senate GOP there, the Senate Committee, continues to press to get the information.
The question has to be asked.
If everything is done on the up and up, What is the other side hiding?
What is the Maricopa Board of County Supervisors hiding?
Why don't they want to turn over the information?
Transparency is supposed to be the name of the game.
Isn't that what Joe Biden ran on?
That everything's going to be hunky-dory and transparent?
So doesn't that mean both sides want transparency here?
Republicans and the Democrats?
So again, the Senate GOP there, the Senate Judiciary Committee in Arizona is doing the right thing by insisting that information is turned over And that the Senate, the Maricopa County Board of Supervisors, four to one Republicans, by the way.
Hear me loud and clear.
Four to one Republicans are not allowed to just hide the information somewhere and pretend that nothing exists.
steve bannon
As you look at it now, you've got the legislature out there, you've got the governor out there, and you've still got the courts and you've got Maricopa County and the supervisors.
We've got about a minute here.
How are you going to weave your way through there?
boris epshteyn
In terms of Arizona, we're going to continue pressing for a special session.
We're going to continue pressing for a special session in Georgia and Pennsylvania.
We all know about that robust Supreme Court case, which is now with the Supreme Court.
We're waiting for feedback from them on our motion for expedited review.
And then, of course, on the actual petition for cert.
So all across the country, Georgia, Pennsylvania, Wisconsin, Michigan, Arizona, Nevada, New Mexico, the fight continues.
steve bannon
How did they get to your Instagram?
How did they get to your Twitter account?
boris epshteyn
I'm really right now a blossoming Graham star, okay?
So everybody, go to my Instagram, Boris underscore Epstein.
Boris underscore E-P-S-H-T-E-Y-N.
Twitter, at Boris EP.
Parlor, at Boris.
God bless you, God bless your viewers and listeners.
Rock and roll!
steve bannon
Thanks, Boris.
Appreciate the update.
Okay, we're gonna take a short commercial break and return with John Fredericks down in Georgia to talk about this House hearing tomorrow to go through this Senate where the State Senate Judiciary Committee is saying there's enough evidence here to decertify the Biden electors.
Be back in a minute.
unidentified
War Room.
Pandemic.
With Stephen K. Bannon.
The epidemic is a demon and we cannot let this demon hide.
War Room.
Pandemic.
Here's your host, Stephen K. Bannon.
jack maxey
This is Jack Maxey here.
Welcome back to the War Room.
We have John Fredericks on the line.
John Fredericks, our longtime listeners know, is a great American patriot.
He's moved his whole life down to Georgia to fight for this president, to fight for the deplorables, to fight for this country.
John, you're down there.
Today we had the Chairman's Report of the Election Law Studies Subcommittee of the Standing Senate Judiciary Committee that came out today.
So things look like they're really moving down there.
Can you give us an update?
john fredericks
Well, the Senate report was a game changer because now there's nowhere to hide.
The evidence is there.
It's in black and white.
Senator William Ligon from Brunswick, a lawyer, did a fantastic job in putting the results of the hearing together on paper so everybody could see it.
This fake news, New York Times, Washington Post, and others, Telling you, CNN telling you that there's no evidence, it's been debunked, it's baseless.
Well, you got a mountain of evidence right now in writing that came not from hearsay, not from meetings with OAN or something like that.
It came from a sanctioned committee hearing of the Georgia State Senate.
I mean, this is a serious committee that did a one-day serious inquiry.
Senator Ligon on the phone today said, you give us three days of a real evidentiary hearing, there is no way this election can stand.
He said that it is akin to a 1985 Third World Banana Republic election when you look at the shenanigans that went on and the totality of this report.
Now, Jack, what has happened since then?
A couple of things.
The President tweeted it out.
Then Lindsey Graham, Republican Senator, as you know, South Carolina, says, OK, I read the report.
I've seen the evidence.
That means that we now have to have a signature audit in Georgia for November 3rd for everybody that voted against the envelopes.
We've been calling for that for six weeks since we've been here.
But here's the action that just happened, not to be outdone and under intense pressure The Georgia House, the Oversight Committee, hastily called a virtual hearing on the same topic tomorrow at 9 a.m.
This is a huge development.
Several of the members that I talked to just before we got on the air, Georgia House representatives that are not on the Oversight Committee, had no idea.
They had heard nothing about this until I called them up.
Which means that it was convened hastily.
It's at 9 a.m.
tomorrow by the Government Affairs Oversight Committee.
Now, testifying tomorrow, under pressure, Secretary of State Brad Rappensperger, Gabriel Sterling, who's his elections manager, Chris Harvey, Raffensperger's election director and Ryan Germany, who is the general counsel for the Secretary of State.
All of these four have been called in to this virtual hearing tomorrow, put on by the House Senate Oversight Committee, run by the majority of Republicans there.
And they're going to be looking tomorrow for answers on this Senate report that was done By that gang of four and William Ligon.
So a lot of action tomorrow.
David Ralston, after this hearing, the Speaker, Jack, is going to be under more pressure to deliver these 91 representatives out of 106 Republicans in order to call a special section around the electors.
Also, tremendous pressure now being put on Governor Kemp, who stonewalled this whole thing.
And now, people, Jack, here's what's happening.
They're starting to ask the tough questions.
And the tough question is, and Corey Lewandowski was on my radio show today.
He was on a week ago, he got absolutely lit up like a pinball machine by Georgia callers.
Today, he took a different tone.
Today, he demanded that Kemp call a special session, and he said on the air, Governor, if you don't call it, what are you hiding?
What do you have to lose?
What do you not want out in the public?
It's starting to make everybody wonder what's going on here, Governor, behind the scenes, while you don't want any of this information out.
That was today from Corey Lewandowski, Jack.
steve bannon
He got, by the way, Steve just got back.
I heard Frederick was on.
I had to slide back in here.
Corey got old-time religion, or he canceled that consulting agreement.
Just kidding.
unidentified
Far be it for me to even hint at that.
steve bannon
Okay, I want to go back to make sure the listeners understand.
This is called the art and science of jamming guys up, right?
You're trying to jam up Ralston, you're trying to jam people up, not give them any exit, force them to do something.
You're using this thing, I think it's brilliant, as a forcing function, okay?
But go back.
I don't know if I'm in love with the Lindsey Graham tweet.
Is that a covering tweet?
Is that covering fire for somebody?
Or is this real?
What does he mean he got briefed and he knows that we can do a statewide signature audit and everything's going to be okay?
John Frenk, make me feel better about Lindsey Graham.
john fredericks
I don't think it's going to be okay.
I think what Graham said is what we're saying.
Look, first of all, he's not from Georgia.
He's got limited involvement here.
But he said, look, now we have a sanctioned report from a state Senate legitimate committee who did a hearing, had Mayor Giuliani there and many other people, and they've written a report.
And this report is so damning and so disturbing, the information they got in one day, that now it's time for us to go and do an audit of statewide for November 3rd, everybody that voted by absentee and match the signature against the envelope.
And if you find it, I've said this a hundred times, there was 800,000 mail-in ballots counted or something like that, 850.
If you get a five, six, 7% error rate, you're talking about a half a million ballots, 400,000 ballots.
There's no way you can certify this.
It doesn't matter that you can't match them.
I think that's what Graham said.
He's got to be careful in weighing into Georgia's situation.
But this report was so important by Ligon because it's now on paper.
You can't dispute it.
It was not from some TV show or something like that.
It was a committee hearing.
Now what's happened is cause and effect.
Under pressure, the House Government Oversight Committee hastily put a hearing together tomorrow.
They certainly can't do it Christmas Eve.
They got it done tomorrow.
It was done probably about 2 or 3 p.m.
today.
Nobody I called had even heard of it.
I surprised them with it.
I'm going to get more info tomorrow and get some of these people on my show.
And they've called in the big four.
Raffensperger, Sterling, Chris Harvey, the elections director, and also Ryan Germany, the general counsel.
They're going to be questioning about the consent decree, they're going to be questioning about the signatures, they're going to be questioning tomorrow about January 5th about the mobile of voting vans that are roaming around downtown Atlanta, which is totally illegal.
This is all now starting to come to a head, Steve, simply because action, action, action.
Pressure has now been put to bear.
And don't, again, don't underestimate Lewandowski, who listened, right?
And I'm sure he talked to the President, and he came on today, both barrels blazing, and he said, I don't understand why Governor Kemp doesn't want to hold a special session.
And he said, now, you've got to ask the question.
What are you hiding, Governor Kemp?
Why don't you want to have this?
Why don't you want to get to the truth?
What are you hiding?
What is it that you've done that we don't know?
Lewandowski said that today.
He didn't say it on his own.
He talks to the President quite often.
This is now what Governor Camp has to answer to.
It's turn now not to, what is the legality of it and we don't have enough time and I'm going to hide behind some three-fifths vote.
It's now turn to, hey Brian, what do you have to hide here?
If you don't have anything to hide, let's have the evidence, because you either have it or you don't.
Lin Wood has been saying the noted attorney in Georgia for weeks.
Brian Kemp, he said, alleged has something to hide financially.
Well, he's afraid that's going to come out.
Now Lewandowski calling for the same thing.
Not a good sign for the governor.
Meantime, we understand that his phones today and emails have been lit up.
By hundreds and hundreds and hundreds of thousands of Trump voters demanding action, Steve.
steve bannon
In fact, let's get, I want the Denver guys, the team in Denver from Real America's Voice to put up from earlier, the Governor's call-in.
I know so many of our callers, so many of our audience from the beginning, from the early show, the morning show, said they couldn't get through, it was busy.
We've got the email, want you to make contact.
By the way, Corey Lewandowski, we love some Corey, but you're right, he went down, took the Republican Party line, got lit up on your show, came back, he was a hammer today.
Very, very focused.
It was actually interesting from the rally that Ivanka did yesterday, which I think was over 1,000 people, right?
In the middle of the day, she had 1,000 people.
When Kelly Loeffler walked on stage, she got drowned out, but the same way they got drowned out at the one that President Trump did with, fight for Trump, fight for Trump.
Of course, she sits and goes, hey, yeah, I'm fighting for him every day.
The crowd just got louder and said, no, no, no, ma'am.
You've got to get very focused.
Okay, so we're going to get up on the screen.
We want to get up on the screen all the contact information for Governor Kemp because you've got to do it.
One thing I think the audience wants to know is, John, tomorrow Are there going to be some hammers?
Are there going to be some people in the House that are Trump supporters and people defending the Constitution that are really going to ask the tough questions and ask tough follow-on questions, not be spun?
Tell us about this committee in the House down in Georgia.
Are they tough people?
john fredericks
No.
Outside of a couple of people...
I don't have their names off hand, but other than a couple people, they're not really made up of some of the people that were on the Senate committee, but people rise to the occasion.
And I think they see the importance of this.
This is online for everybody to see.
It's been tweeted out.
It's on their website.
I'll put that on my Facebook page.
It's a Zoom thing.
Everybody can tune in.
If you're one of these Government Oversight Committee Republicans, And you're there asking softball questions and trying to defend Rappensperger undertow.
You are going to get skewered and you're going to get beat in 2022 in a primary.
They will primary you and you will lose based on tomorrow.
This, Steve, the intensity here, the stakes, the deplorables, outrage, the anger, the movement is growing by the minute of every day.
And so that's the risk.
that these Republicans have on the Oversight Committee.
Softball this, mamby-pamby it, and you're not going to have your seat because you're going to be gone because these people are not going to forget, and they're up in arms.
Corey Lewandowski saw it with his own eyes.
He changed.
You know, you saw what happened with Ivanka.
You know, I love Ivanka to death.
Great lady.
Doesn't really understand the stakes here that are going on.
Kelly Lopwood comes on stage, same thing, fight for Trump.
And then when you say, oh, I'm fighting for him every day, these are empty words, rhetoric.
Trump's changed the game.
Don't tell me, I get callers calling me up every day, Steve.
Telling these Senators and Representatives, hey, stop telling me what you can't do, tell me what you can do!
Because Trump got in there, everybody said he couldn't do any of this, couldn't build a wall, couldn't do a trade deal, couldn't give it a NAFTA, couldn't put tariffs.
He got it all done.
So if he can do it, game's changed.
You have to do it now also.
So, because this is videoed tomorrow, and it's live, these oversight Republicans are at great risk if they manby-pamby this hearing.
steve bannon
John, can you stay through the commercial break on the John Fredericks Radio Network and Real America's Voice?
john fredericks
Can I stay through the commercial break of the number one podcast radio show in America?
Is that what you're asking me?
Of course.
steve bannon
I am asking you that.
Okay, good.
John Fredericks, we're going to talk about... Number one.
Thank you very much.
Quickest in history.
By the way, thanks to you and your production team, the guys at Real America's Voice.
Take a short commercial break.
We're going to have some holiday Christmas music to take us out, I think from King's College.
We're going to return.
I want to talk to John, to Greg, to Jack.
We've got to get our hands around this bill.
Remember the theory of the case.
Donald Trump won a massive landslide on the 3rd of November of this year.
This is his second term.
We're in the middle of this thing.
It's time to start acting like the second term.
The President of the United States has got to veto these bills.
He's got to take a tough stand.
He's got to get more of his stuff in there and more of the junk out.
We're going to return with John Fredericks from Georgia.
Talk about it all after this commercial break.
unidentified
War Room Pandemic with Stephen K. Bannon.
The epidemic is a demon and we cannot let this demon hide.
War Room Pandemic.
Here's your host, Stephen K. Bannon.
steve bannon
On this day in 1944, General McAuliffe told the Germans, General McAuliffe then head of the 101st Airborne, told the Germans when they sent over to him to surrender the 101st Airborne at Bastogne, being surrounded.
He said, in the cleaned up version, it's nuts.
I think it was a little more to the point.
And that's what we say here in the Trump movement.
We want a massive victory in the third.
And we've deployed people all over the country.
John Fredericks has not been home since right after the election.
He's down in Georgia.
You know why?
The fight's down in Georgia.
Jack, you brought up a very interesting point to John over the break.
What is it?
jack maxey
John, my big interest is, are these guys going to be under oath while they're responding to these questions?
john fredericks
You know, I don't have the answer to that, Jack.
That's a great question.
That's a great question.
unidentified
Jack, you cynical thing.
I'll find that out then.
steve bannon
Not that Rathausberger is going to be there, right?
I've seen that guy so much on MSNBC and that's a great question.
Put him under oath under penalty of perjury.
unidentified
If we could change it between now and 9 a.m., let's do it.
steve bannon
Okay, tomorrow 9 a.m.
John Fredericks is going to be on his radio show.
We're going to try to pick it up and get it out and make sure we're doing play-by-play.
This is going to be very important.
This is the process.
The grinders are winning.
The tide is shifting.
The polling is shifting.
Talk about where we're not winning.
The President of the United States, who's negotiated some great stuff over his four years, has this defense bill, he has this appropriations bill, he's got this $900 billion stimulus bill for the Chinese virus, the CCP virus.
It's $2.6 trillion.
It's going to blow up the balance sheet of the Fed.
John Frederick, what is the base?
What are the grassroots folks down in Georgia and on your radio show?
You're the Oracle of the Deplorables.
What are they saying?
What action should the President take on this combined spending bill?
john fredericks
You know, thanks Nancy Pelosi and your other Congress people for making $130,000 while you fiddled around for the election, and now we're getting $600.
Or some people are getting $600.
This thing is a complete travesty.
You know, certainly the PPP makes sense, but there should be a clean bill.
People need unemployment insurance.
Everybody gets it, but I think the outrage here is just more the same.
It never stops.
Everybody's complicit.
It's before Christmas.
5,593 pages.
You had six hours to read it.
I mean, government is broken.
This is why Trump won.
One of the reasons in 2016 to stop this stuff.
And it's still going on.
People are outraged.
steve bannon
Okay, so you're in the Oval Office this afternoon.
What are you telling him, John?
john fredericks
I veto it, and I tell him you've got 48 hours to come back with a clean bill, with unemployment insurance, with $600 a person, with a clean PPP, and we'll deal with it.
Another seven day CR and we'll deal with everything else later.
I want a clean bill.
I want people to be able to read it.
You got two days.
Sorry.
No Christmas for you.
You dawdled and screwed America for seven months.
Because you wanted Biden to win or Pete to win or whatever you guys were doing.
So you didn't do crap.
So guess what?
Holiday over.
Get your butt back there.
You got two days.
You can come home the day after Christmas and be with your family.
I want it on my desk.
That's what I would do if I was him.
steve bannon
Manz, what are you telling?
unidentified
Veto it.
You have to strip all the nonsense with the foreign spending.
steve bannon
Manz, 100% hard veto.
Do you do a pocket veto?
John Frederick, do you do a hard veto and tell them to get to work right away?
john fredericks
You gotta do a hard veto.
Send them a message.
Give them two days.
Hey, how many times do we sit here and have the Democrats tell us, when they were going to shut down the government, about we wanted a clean bill, clean bill, clean bill, clean bill?
That's all I heard.
I don't even know what that meant until they started saying it was a mantra.
So, give us a clean bill!
We want unemployment insurance extended, $300.
We want the PPP for small businesses that are suffering and going out of business, $600 a person, okay?
Relief for the rent, we need that.
Things are a disaster.
Give me a clean bill, strip everything else out, I'll sign that, and then we'll go from there.
steve bannon
The Mitch McConnell, did he kind of deal with Biden?
If Trump does not close on his massive victory, is this what the future looks like?
They like Mitch because he makes deals, and these are the kind of deals you're going to get in the swamp.
And I hate using the cutesy term, the swamp.
But the apparatus here all got paid off in this bill.
Do you agree, John?
john fredericks
Yes.
This is the biggest payout for the swamp consultants.
Everybody's getting a piece of the pie here.
And their hope is that Biden comes in and they can continue to do this.
You heard what Representative Clyburn said in South Carolina.
He said, hey, this isn't a perfect bill.
It's about half of what I wanted.
But hey, when we get Biden in, we get these two senators, here's what we're going to do.
We're going to double or triple it.
He called this a down payment.
A trillion dollars is a down payment.
Well, what is that?
Like, it's going to be five trillion dollars?
Now we get money going to illegals, so if you're here illegally, you get a check?
It's insanity.
steve bannon
So, John, how do people get more access to you?
How do they get access to you during the day?
john fredericks
Alright, you gotta download my app.
This is the best thing.
You wanna hear Steve Bannon?
You wanna hear John Fredericks?
All you gotta do is download my app, iPhone, go to the App Store, John Fredericks Show, boom, hit the button, you're good to go.
Android, go to Google Play, you get John Fredericks 6 to 10.
Deal with me, because as soon as 10 comes, then you get the number one show in the history of America, War Room, 10 to noon, Monday to Saturday, right on my app.
It's golden.
steve bannon
I'd like to thank my agent, John Frederick.
John, thank you very much, brother.
I appreciate it.
The reason we started the show, John, thanks.
The reason we started the show today with Jason Trennett, talked about the responsibility you've gotten, the burden you've gotten when you're the prime reserve currency.
Watch M1 and M2.
Watch the money supply.
We are hurtling into uncharted territory.
And here's the thing.
It was all triggered by the Chinese Communist Party virus.
Tomorrow we're going to have Dr. Yan on, because now, the batwoman in Wuhan, she comes out today and says, hey, why don't you guys, let's do an inspection in Wuhan, let's look at the lab, let's do an inspection, a year after the event.
The CCP was doing experiments they should not have been doing.
It got out.
This is the problem we've had.
We've blown up the balance sheet of the Federal Reserve.
We're now the United States of the Federal Reserve.
President Trump should veto this bill.
He should veto the appropriations bill.
Get him back in the room.
Start banging some heads.
Your second term has already started.
Let's start it with a bang.
The bang is, let's veto this bill and get back to basics, okay?
We'll see you tomorrow morning at 10 a.m.
on War and Pandemic.
We're going to be following closely this hearing in Atlanta, Georgia on the steal that went on in this election.
unidentified
Be back tomorrow at 10.
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