Jan. 29, 2021 - Bannon's War Room
48:11
Participants
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| Speaker | Time | Text |
|---|---|---|
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unidentified
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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. | ||
|
unidentified
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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. | ||
|
unidentified
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France, Australia, Canada, the US, Singapore, Cambodia, Vietnam, the list goes on. | |
| Health officials are investigating more than 100 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. | ||
| We have to prepare for the worst, always. | ||
| Because if you don't and the worst happens, War Room. | ||
|
unidentified
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Pandemic. | |
| Here's your host, Stephen K. Banham. | ||
| And I had a follow-up on the markets and everything that's happening with GameStop. | ||
| You did mention, I believe, yesterday that the Treasury Secretary is monitoring the situation and she's kind of on top of it. | ||
| There have been some kind of concerns about her previous engagements with Citadel and speaking fees that she has received from Citadel. | ||
| Are there any plans to have her recuse herself from advising the President on GameStop and the whole Robin Hood situation? | ||
| Well, just to be clear, what I said was that the Treasury Secretary is now confirmed. | ||
| Obviously, we have a broad economic team. | ||
| The SEC put out a statement yesterday that I referred to, but I don't think I have anything more for you on it, other than to say, separate from the GameStop issue, The Secretary of Treasury is one of the world-renowned experts on markets, on the economy. | ||
| It shouldn't be a surprise to anyone she was paid to give her perspective and advice before she came into office. | ||
| Well, I gotta say one thing. | ||
| The press is actually asking Jen Psaki pretty important questions. | ||
| And I'm glad for it. | ||
| I think they deserve credit for it. | ||
| I think there have to be more. | ||
| I think I would have gone with some different angles, but that was a very good question that was asked of Jen Psaki yesterday. | ||
| Which is, hey, you know Janet Yellen's tied up in all of this stuff. | ||
| I've got her letter from Ken Vogel, tweeted her ethics agreement from December 29th. | ||
| I've got the letter up in front of me here. | ||
| Can we get it up on screen? | ||
| Do we have that? | ||
| Let's get it up on screen. | ||
| I want people to see this. | ||
| If not, we'll get it up in the following couple of minutes. | ||
| Why does it take the New York Times to do this? | ||
| The New York Times should be doing this, right? | ||
| But at the same time... No, her staff should be doing this. | ||
| Exactly, at the same time... She lied to the American people. | ||
| She is, she is directly in breach, right now, currently, actively in breach of her own ethics agreement. | ||
| She says, in section six, I have received honoraria for speeches from the following entities, Ares Management, Barclays, Citi, Citadel, Credit Suisse, Deloitte, Fiserv, Goldman Sachs, Standard Chartered Bank, and this is a Citadel issue that's on her desk right now. | ||
| Jen Psaki admitted from the podium in the press room That Janet Yellen, who is compromised, is handling a situation involving a company that she received a large amount of money from recently. | ||
| That's in your face! | ||
| Let's bring in Basoba. | ||
| Here's a question I've got. | ||
| How does Saki If this had been Kayleigh, or if it had been Spicer, or, you know, anybody, right? | ||
| They would have had their face ripped off. | ||
| This was absolutely misleading, and it's a competence level. | ||
| It's not that she had the nervous tick, I'll circle back to you, or um, um, um, um, um. | ||
| She's got certain nervous ticks, people, inside of her head. | ||
| But this is, look, we're not here to beat her up. | ||
| That's not the purpose of this. | ||
| The purpose is that this feckless White House, in what is a crisis, Because now they're trying to sick the regulatory dogs on these Reddit rebels, right? | ||
| And Pacific jumped in here. | ||
| But now you have, and why does it take, Ken Vogt is a great reporter. | ||
| I mean, he's Orange Man bad. | ||
| He hates Trump. | ||
| The whole New York Times hates him, but he's a good, solid reporter. | ||
| He'll drill down and get the receipts. | ||
| Why does it take the New York Times, after she's up there, to actually lay out what is essentially a potential breach of law? | ||
| And the White House, Doesn't know something so basic, hasn't called the Treasury Department, hasn't talked to the White House Counsel's Office. | ||
| I mean, who briefs her? | ||
| This is nonsense. | ||
| This is just spin. | ||
| And by the way, for the young, for the woman who asked the great question, for every great question, you get five softballs. | ||
| What ice cream is eating? | ||
| Posobiec, thoughts? | ||
| Look, I said yesterday that this was a bad staffing situation on Psaki's part. | ||
| But at this point, where we're now going through the ethics agreement that she signed, that Yellen signed, the fact that Psaki didn't know about that, didn't have that in her binders. | ||
| Remember, Kayleigh had the binders. | ||
| This is completely disqualifying if she does not bring it up today. | ||
| Look, you like to say you're going to circle back, Psaki. | ||
| It's time to circle back today, 2.30, when you do your press conference, circle back with the American people and explain to us Exactly what Janet Yellen is doing and whether or not she is in breach of her ethics contract here. | ||
| Hang on, what do you mean disqualifying? | ||
| What do you mean disqualifying? | ||
| That's pretty high stake. | ||
| You're saying Jen Psaki, if she doesn't do it today, she's got to get punched. | ||
| She's got to punch out? | ||
| Look, what she's done now is said that the ethics agreements, the credibility of the Biden administration is meaningless, that we will sign documents, that we will make promises, and then we will break them at the first This is your first week out of the gate, Jen Psaki. | ||
| I'm trying to help you here, right? | ||
| You need to re-establish your credibility because the credibility of the administration is on the line when it comes to this, your first test in office. | ||
| If you don't re-establish that your words mean things, that your signature on the dot, when you sign on that dotted line, that it means something, it is going to discredit you completely moving forward. | ||
| And you've seen this with other press secretaries in the past. | ||
| And no one is going to take you seriously, Jen. | ||
| Yeah, but I mean, are we really going to sit here and pretend that they care about any of that, that they care about credibility? | ||
| You know, this is a regime that has signed how many executive orders now? | ||
|
unidentified
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43. | |
| Remember, just before the election, Joe Biden went on national television and said, if I don't have the votes in Congress, I won't get anything done because executive orders are for dictators. | ||
| Those were his words. | ||
| And in the very first week, we've seen 40-something executive orders. | ||
| They don't care whether Jack Posobiec thinks that they're credible. | ||
| They don't care if this audience thinks that they're credible. | ||
| They're in your face! | ||
| No, but what they care about is that his approval rating starts to drop. | ||
| He has no political capital right now. | ||
| It gets into the mid-40s, he's done. | ||
| You're not going to be able to pass any piece of legislation. | ||
| Rachel Maddow was on last night ranting about that. | ||
| She was talking about the filibuster. | ||
| And what did she nail? | ||
| We told you they were going to focus. | ||
| What was she focused on? | ||
| The amnesty bill. | ||
| She understood that COVID was going to be broken up into pieces to get the COVID passed, right, using all these kind of structural tricks they can use. | ||
| But it was the amnesty bill. | ||
| And she was saying, hey, this is not going to work. | ||
| The progressive left is going to put a big hit. | ||
| And I want to say something else. | ||
| I have no problem with them using executive orders. | ||
| That was our plan to unwind the Obama administration. | ||
| They just happen to be working with the Justice Department much better than we do. | ||
| I have a problem with the hypocrisy of it. | ||
| Well, the hypocrisy, yes, but to me that's just campaign rhetoric. | ||
| He's going to try to do this and unwind the Trump administration and put in their own radical policies like the title, like the girl sports, because there is no consensus in this country to go forward with his radical agenda. | ||
| That's our strength. | ||
| And at the same time, they're going down a path of, they've gone from orange man bad, to orange man dangerous, to orange man criminal, right? | ||
| That is what this mainstream media, and what's caught them unaware, is this populist revolt. | ||
| They can't blame it on Trump. | ||
| It was inspired by the Trump populism, but they can't blame it on Trump, right? | ||
| And that's the converging vectors. | ||
| It is so obvious. | ||
| That we can stop the Biden administration in its tracks on anything that's not really trying to unify the country. | ||
| Like, let's go through where the steel was on this election to talk about your illegitimacy. | ||
| Right. | ||
| That would unite the country. | ||
| But these policies are radical policies in this administration and the handling of it. | ||
| That's one of the reasons this story is such a big story. | ||
| Yes. | ||
| That you're seeing Jen Psaki up there, and they're supposed to have all the geniuses. | ||
| Remember, he's a neoliberal. | ||
| He's from Wilmington, Delaware. | ||
| He's the senator for the global corporations. | ||
| Wilmington, Delaware is a post office box and a friendly federal court. | ||
| That's where everybody, none of them live there. | ||
| They're all registered there, right? | ||
| Because of that. | ||
| And Joe Biden, he's been the Praetorian Guard of that for the 40 years or 47 years he was in the Senate. | ||
| That's why he's so close to McConnell. | ||
| This is uniparty. | ||
| And that's what you're seeing. | ||
| And that's when Cortez says that it's open collusion. | ||
| I want to have Jen Psaki, I would like to have that question thrown at Jen Psaki today. | ||
| Because they came at it from one angle, so you've got to jump on the mic here, otherwise I'll just rant for the whole show. | ||
| I'm jumping in, I'm jumping in. | ||
| So I want to put up, if they can get it up there, because you're talking about what's the motivation for these people, right? | ||
| There was a comment posted on the Reddit page, Wall Street Bets, that I just got to read this in full because when they're asking where these people are coming from, the little guy, this is where, in their own words, what the motivation is. | ||
| The title of this post is, This is for you, Dad. | ||
| I remember when the housing collapse and a torpedo through my family. | ||
| My father's concrete company collapsed almost overnight. | ||
| My father lost his home. | ||
| My uncle lost his home. | ||
| I remember my brother helping my father count pocket change on our kitchen table. | ||
| That was all the money he had left in the world. | ||
| While this was happening in my home, I saw hedge funders literally drinking champagne as they looked down on the Occupy Wall Street protesters. | ||
| I will never forget that. | ||
| My father never recovered from that blow. | ||
| He fell deeper and deeper into alcoholism and exists now as a shell of his former self, waiting for death. | ||
| This is all the money I have, and I'd rather lose it all Then give them what they need to destroy me. | ||
| Taking money from me won't hurt me because I don't value it at all. | ||
| I'll burn it all down just to spite them. | ||
| This is for you, Dad. | ||
| That's Reddit. | ||
| Wow. | ||
| Very powerful. | ||
| Very powerful. | ||
| That's Reddit. | ||
| That's this populist revolt that's now gone to it. | ||
| Let's talk about this. | ||
| I want to talk about the Biden administration's reaction to this. | ||
| They're continuing to powering down. | ||
| They're going down the path of these executive orders. | ||
| Remember, they've got different verticals. | ||
| The whole climate change thing is to eviscerate the oil industry here. | ||
| Energy dominance, right? | ||
| Now we're going away from energy independence to energy dependence. | ||
| You've got the radical cultural stuff. | ||
| You've got the things on the border, the deportation stopping the wall. | ||
| But what's put in high relief right now, and we told you they weren't going to do it, Biden's mental capacity being at 50% that he can't handle a crisis. | ||
| Everything's got to be totally scripted. | ||
| And you see with Jen Psaki and Ron Klain, you don't have a team there that inspires confidence. | ||
| Right? | ||
| The mainstream media keeps covering for him. | ||
| Oh, it's back to calm. | ||
| It's back to things like that. | ||
| Right now, on Wall Street, you have a mounting crisis, Mr. Raheem Kassam. | ||
| You know what the ultimate cover is? | ||
| Not covering them. | ||
| That's what the ultimate cover is right now. | ||
| And that's why they love this GameStop story. | ||
| Now, listen, I love the GameStop story too, but at the same time, None of these news media organizations, cable news, television networks, are loving up on Biden. | ||
| What they're doing is they're ignoring, they're not bringing any news to people. | ||
| Now granted, he is low ratings, he's very low ratings, and therefore it hurts them in their pockets to put him up on screen. | ||
| It really does, and I get that from a financial perspective why they don't want to put him on screen, but they also don't want to put him on screen because guess what? | ||
| His first week, and I gotta shout out the National Polls here, because we diarise every day of the Biden regime. | ||
| We put it all in 600 words or less so you know exactly what's going on every single day of this regime, right? | ||
| And every single thing that's going on is, hey, by the way, we signed an executive order on climate change, hey, by the way, signed an executive order on racial justice, hey, by the way, signed an executive order, and they do not want to cover that, because they know if they cover that, They show that the Biden regime is fundamentally out of touch with the American public. | ||
| They show that the Biden regime has no interest in what's actually on the forefront of the minds of ordinary Americans, which is food on the table, which is job, which is school, right? | ||
| Future, family, economy, none of that. | ||
| It's radical leftism after radical leftism in terms of the executive orders coming out of this regime, and the cover is not to cover it. | ||
|
unidentified
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Well, I think that's exactly right. | |
| You know, they're going to sit back and say, oh, they told us again and again throughout 2020 that everything's going to be better when Biden gets in. | ||
| Everything will be more stable. | ||
| Everything will be more planned. | ||
| Where's Joe Biden on any of this? | ||
| Does he even understand what a short sell is? | ||
| Does he even understand any of this concept? | ||
| Does he know what Reddit is? | ||
| You know, I'd love to see Joe Biden out there. | ||
| One thing that you can say, by the way, like him or lump him, Donald Trump always had the Oval Office open. | ||
| He was on Twitter back when he was allowed. | ||
| You knew where he stood on the issues, period, because he was there calling people. | ||
| When it comes to Joe Biden on something like this, he disappears. | ||
| You can actually count, I think in minutes at this point, How much access the President, the current President, is giving to the American people or to the media. | ||
| You can't find him on any of these issues. | ||
| And then when you go to Jen Psaki, the only, you know, sort of glimpse behind the curtain we get is smoke and mirrors, or she says something where she's completely wrong because she hasn't actually been briefed on it. | ||
| That's what I think. | ||
| And so Biden, he has a disappearing act. | ||
| Let's go to a quick commercial break and we're going to come back in a second. | ||
| By the way, they should have somebody from Treasury up there today or the SEC on that podium today when they brief. | ||
|
unidentified
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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. | ||
| The trial of President Trump in the Senate is coming up. | ||
| It's about, what, 10 days away, etc. | ||
| And I got to tell you, don't think the Democrats are not thinking they're going to put him on trial in the worst way possible. | ||
| There's all kind of articles today. | ||
| Democratic senators are saying, no, we're going to bring a prosecution. | ||
| They're talking about bringing in witnesses like the shaman and like others to say, Trump absolutely drove me to come here. | ||
| Right. | ||
| You're going to see anybody that is telling President Trump that this is going to be easy is just misleading him. | ||
| This is why it's so important, so important to put forward the receipts and really argue your case about why this was stolen. | ||
| And you don't need to talk about machines to do that. | ||
| You can talk about other things. | ||
| Raheem Kassam. | ||
| You're telling me that there's a climate change activist And a BLM activist who are willing to go to the Capitol and testify against Trump? | ||
| So surprising. | ||
| Wow. | ||
| That they broke in and that he inspired them? | ||
| So surprising. | ||
| Wow. | ||
| Almost like they were plants. | ||
| This is the depth that they're going to go to. | ||
| And trust me, they're going to make that first three days, I think. | ||
| And I got to tell you, If you watch the MSNBCs, if you see these shows, they're coming from blood for President Trump. | ||
| And so President Trump, to me, can't be an esoteric argument about due process. | ||
| As much as the due process, this is a complete farce of what they're doing. | ||
| We're not arguing that. | ||
| But you've got the ability to argue the receipts. | ||
| You've got the ability to put forward the voter fraud, the ballot fraud, all of that, and to adjudicate this in front of a global TV audience. | ||
| Also, I want to go back, my phone is blowing up, the live chat's blowing up. | ||
| Jack, I've got to go back. | ||
| I've said from day one, the fuse that was lit in the Oval Office after the collapse of Lehman Brothers in the third week of September of 2008, that when President Bush kind of kicked the thing over to, and when Bernanke as the Federal Reserve and Paulson, Secretary Treasurer, came and said, hey, the American financial system is going to implode in 48 to 72 hours, and the world financial system after that. | ||
| When he kicked it over to Nancy Pelosi and they came up with these bailouts and basically they decided to use the Federal Reserve to drive interest rates down, do quantitative easing and to basically bail out Wall Street. | ||
| Put a limit on all the nefarious activities of Wall Street, bail them out and let them capture all of the rise and not bail out the little guy. | ||
| That fuse that was lit in the Oval Office, I think September 18th of 2008, exploded on November 8th of 2016 with the election of Donald J. Trump, the President of the United States, as a populist candidate. | ||
| What you're seeing today on Wall Street is a continuation of that revolution. | ||
| And now bringing in millennials, bringing in Gen Z, bringing in people that don't normally support President Trump, that this is going to the next level. | ||
| That letter that you read, Jack Posobiec, in the Wall Street Bets chatroom, is already, my phone is blown up like it hasn't blown up before. | ||
| It really moved people to show that there's an emotional element to this. | ||
| This is just not about balance sheets and income statement of stock prices and quants and all that. | ||
| We're trying to give you the deeper message here. | ||
| And we're not saying, hey, that this thing is not going to have victims. | ||
| That's why you got to be very careful getting involved. | ||
| I know a lot of people are running around and I want to jump in. | ||
| I want to do that. | ||
| You can be very careful. | ||
| These are this is a highly spec. | ||
| I say it's not. | ||
| Venture capital, now it's adventure capital. | ||
| Well, Steve, he says... Yeah, he says in the letter, he said, this is all the money I have and I'd rather lose it. | ||
| He's saying he understands that he's probably not going to make any gains off of this. | ||
| But what he's doing, this is motivation here. | ||
| See, I saw a lot of people when I turn on CNBC or when I watch CNN about this, they say, oh, we have to look into this because this is clearly a pump and dump. | ||
| I said, no, this is not a pump and dump. | ||
| You guys don't understand what they're doing, right? | ||
| That's what you would do. | ||
| You're projecting in that sense. | ||
| These guys, they're out for revenge. | ||
| They feel that they've been slighted by the system and that these people, look at the line, I will never forget them literally drinking champagne as they look down on the Occupy Wall Street protesters. | ||
| That image is seared. | ||
| There's the image there. | ||
| That image has been seared into his mind while his family is on their kitchen table, his dad and his brother. | ||
| Imagine that as a kid, by the way, right? | ||
| So obviously, you know, this is 10 years ago or so. | ||
| He's much younger. | ||
| Watching your dad and your uncle having to count pocket change just to be able to make the mortgage, just to be able to make payments on the bills, right? | ||
| And then looking at Wall Street and seeing these scenes, right? | ||
| That is indelible. | ||
| That's indelible in the millennial generation. | ||
| Just speaking as sort of an elder millennial or centennial, as I call it, but as a member of the generation here, this was part of our upbringing. | ||
| This was part of our formative years. | ||
| And when they ask, oh, why do millennials support socialism? | ||
| Look, I'm not a socialist, but when you have situations like this, and when you have these types of rigged systems, Why do you think? | ||
| Why do you think then that so many millennials are saying we want someone to come by and fix this because look at how you're treating people? | ||
| This is why, this is an inflection point, and I think a teachable moment for those people that have been a part of the Occupy, that want socialism in this younger generation, is that, no, what we want is a fair and free capitalism, and a capitalism that provides a piece of the action, a piece of the action to the little guy. | ||
| The elites can't do this by themselves. | ||
| They've had every opportunity and they can't. | ||
| But if you can structure the system and we can do it that provides not that you have to compete about every person in the world for a job and for a good decent wage that you don't need to legislate fifteen dollars because if you limit You know, this is all the phonies about the $15. | ||
| They want open borders, right? | ||
| So you have unlimited illegal alien labor competing against you. | ||
| But Trump showed being a restrictionist, at least somewhat a restrictionist on immigration, logically, because understand we do need new immigrants, but logically to do that and to limit the HB1 visas. | ||
| So in the tech world, people have opportunities in the in the working class. | ||
| The wages start to rise like under Trump, a striver's economy. | ||
| In addition, Make it a real ownership society. | ||
| At negative interest rates, at zero interest rates, you are destroying the millennial generation and Generation Z. They're Russian serfs. | ||
| This has never happened before in American history. | ||
| You're not going to own anything and you don't have the ability to own anything because the financial system is structured against you and that's why you're having these Reddit rebels. | ||
| The elites are going to have to be forced upon them. | ||
| To allow people to have peace of the action. | ||
| And you don't need to do this with a wealth tax. | ||
| You need to do this with the opening up of opportunity. | ||
| Opening up of opportunity, where you really get ownership. | ||
| And in that ownership you get a peace of the action. | ||
| We've bailed out Wall Street and the corporate elites too many times on the taxpayer's shoulders. | ||
| Then you add on to a specific, as you know, because you volunteered and went in the military, Right? | ||
| In your generation. | ||
| My daughter did. | ||
| Nephews and cousins and all that did. | ||
| You fought these foreign wars. | ||
| You spent nine trillion dollars. | ||
| This is why one of the things of Cheney's arrogance. | ||
| She didn't need to go back and ask the populace in Wyoming. | ||
| She didn't need to come back and justify it later. | ||
| She hates Trump. | ||
| Why does she hate Trump? | ||
| She hates Trump. | ||
| Why does she hate Trump and what Trump stands for? | ||
| What Trump stands for is that, hey, we don't need any more foreign wars. | ||
| Yes, we need a strong national defense. | ||
| We need to be forward leaning. | ||
| We've got to be in the South China Sea. | ||
| But with our economic power and our information power, we can help our allies have a free and just and democratic world. | ||
| And that is what this fight's about. | ||
| And I understand, so many people say, well, I don't really understand the stock market. | ||
| What has it got to do with, you know, we give you signal, not noise here. | ||
| If you want to chase noise and all the stories out there are noise, this is the wrong place. | ||
| Right? | ||
| There's other places out there that do it and they do it non-stop and it's actually entertaining. | ||
| We're not here to entertain you. | ||
| We're here actually to bend the arc of history and you're the guys that bend it. | ||
| We just provide the information. | ||
| Rahim, your thoughts, your comments, your observations. | ||
| Well, look, I slightly disagree with you on the wealth tax stuff. | ||
| You know, I really do think, you look at all the evil that is propagated in this country right now, in terms of politics alone, you look at who's donating en masse to the Democrat Party, who funds all of these open borders entities, all of it, these are extraordinarily wealthy left-wing billionaires, and I say crush them, You know, AOC talks a big game. | ||
| Eat the rich, right? | ||
| No. | ||
| They won't do it. | ||
| Bernie Sanders, pillow fighter. | ||
| AOC's an actress. | ||
| Let's actually eat the rich in this country. | ||
| But I mean the super, super, super rich. | ||
| I don't mean the people who are out there making good money and buying things and reinvesting and putting jobs into America. | ||
| But if you don't do that, and if you're a multi-billionaire that's getting rich off shipping American jobs abroad, if you're a multi-billionaire that's giving money to political causes that is wrecking the United States of America, then you should absolutely be hit with a bumper bumper wealth tax. | ||
| Let me ask you this question as well. | ||
| If right now, if right now, thousands of people wanted to petition their government for a redress of their grievances, where would they go? | ||
| Nationally, where would they go? | ||
| Can you petition outside of the Capitol building now? | ||
| You cannot. | ||
| Go to Wall Street, Betts. | ||
| Right, but can you petition outside of the White House right now? | ||
| You cannot. | ||
| And if you tried to congregate thousands of people together right now, you would be called an insurrectionist, a domestic terrorist, and the force of the state and the police would come down upon you. | ||
| Pasobic, we've got about a minute. | ||
| Closing observation, by the way, breaking news, Citron Research, which has been providing analysis for short-selling for 20 years, just announced they're out of that business. | ||
| Breaking another institution, the Reddit Rebels. | ||
| Pasobic, you've got a minute, brother. | ||
| Give us your summary. | ||
| Look, people want to understand what's going on. | ||
| This is Moby Dick, right? | ||
| These guys are out there, they're whale hunting, but instead of Captain Ahab, you've got a million little Captain Ahabs that are going all after these whales. | ||
| Jack Posobiec, how do people follow you during the day? | ||
| I know you're one of the biggest guys on Twitter. | ||
| Yeah, on Twitter it's at Jack Posobiec, J-C-K-P-O-S-O-B-I-E-C, and hit me up on Telegram, too. | ||
| Telegram is blowing up. | ||
| Okay, and we're on Telegram, too, at Bannon War Room in Telegram right now, the official site. | ||
| Jack Posobiec, One America News, one of the biggest pieces of manpower in this town. | ||
| Jack, thank you for joining us here in the War Room. | ||
| We're going to take a short commercial break. | ||
| When we come back, we're going to London, and we're going to the one and only Nigel Farage. | ||
| Just like Steve Cortez, Nigel's a fire-breathing populist, but also had a career in the financial services industry. | ||
| He was a trader. | ||
| He knows, he's forgotten more about this. | ||
| Than most people will ever know. | ||
| Nigel Farage joins us from London in the War Room after a short commercial break. | ||
|
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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. | ||
| Before I assume parental responsibility for Rahim Kassam, Nigel Farage had it for many, many years. | ||
| Nigel was the leader of the populist movement, kind of on a global basis. | ||
| For years, he fought to get citizens, particularly working class and middle class people in England, their freedom from Brussels. | ||
| He was the leader of the Brexit movement. | ||
| And finally, after almost a decade, it got done. | ||
| That's called stick-to-it-iveness. | ||
| But people don't know, just like Steve Cortez, Nigel's career was really in the financial services business. | ||
| He was a broker. | ||
| He's a trader. | ||
| He's been in the pits. | ||
| He knows more about capital markets and global capital markets than just about anybody. | ||
| Bringing in Nigel Farage now from London. | ||
| Nigel, put into terms here, because this thing's metastasizing. | ||
| It's in the city of London. | ||
| It's in Asia. | ||
| It's in Korea. | ||
| It's in New Zealand. | ||
| It's in Australia. | ||
| Put in perspective, what is going on here globally on this populist revolt against our bettors in the City of London and in Wall Street? | ||
| Yeah, I mean, you know, for those watching who are not interested in financial markets, this story isn't really about financial markets. | ||
| is actually about the next phase of the populist revolt against an elite who look after themselves. | ||
| An elite who, when the going gets tough, get bailed out for the taxpayer while the little guy goes bust. | ||
| And this story is about a group called Wall Street Bets. | ||
| And it's, you know, a website and people look at it and they talk about having a punt, having a trade on the stock markets. | ||
| What they've noticed quite cleverly is that some of the big cynical hedge funds They go short of stock. | ||
| That means they sell things they haven't got in the hope of it going down. | ||
| And once they sell the stock, they make sure their friends in the media put out negative stories about these companies. | ||
| And it's all a pretty, I mean, generally, it's a pretty cynical game. | ||
| So the guys at Wall Street Bets view these people as vultures, think that they don't do any good for society at all. | ||
| And they noticed a few stocks this week. | ||
| Where there were massive, massive short positions. | ||
| The big hedge funds, you know, had sold huge amounts of stock in these companies that they didn't own. | ||
| And so they did two things. | ||
| Firstly, with this firm called GameStop, which is just a retailer, you know, where you can go and rent or buy computer games and stuff like that. | ||
| They took the view the shares were undervalued. | ||
| They started buying the shares. | ||
| The shares started going up quite dramatically. | ||
| The big professionals on Wall Street were showing huge trading losses. | ||
| And it all got very exciting. | ||
| And some people were investing to make a quick buck. | ||
| Others were investing because they just cannot stand the cynicism with which much of Wall Street operates. | ||
| Yesterday afternoon, the stock was trading at about 350 bucks, up from 20 bucks at the start of the year. | ||
| And the most astonishing and completely outrageous thing happened. | ||
| All the retail share trading platforms, and there were lots of them, you know, big ones like Charles Schwab, others that are newer, but very significant in size, like Robin Hood. | ||
| They literally, without warning, told their customers They would not accept any more buy orders on these stocks, only sell orders. | ||
| And within minutes, the price of the stock went from 350 down to 120. | ||
| Now, I've never seen investor rage and anger the likes of which I've seen today. | ||
| I'm seeing it here in London. | ||
| Other parts of Europe are seeing it too. | ||
| You know, I've been involved in this since 1978. | ||
| So I've watched financial markets. | ||
| I've looked at markets. | ||
| I've never seen anything as outrageous as brokers manipulating the market to help their friends who were in trouble and losing money. | ||
| So it's okay, Steve, for you and me to lose money. | ||
| That's fine. | ||
| But it's not okay for the billionaires on Wall Street to lose money. | ||
| And we also know That Robin Hood, who pretend they're for the little man, actually, they're trading for these big giant hedge funds as well. | ||
| We also know, and this is fascinating, that the White House has been very much in touch this week with the share trading phenomenon. | ||
| And Janet Yellen, of course, who is the new Treasury Secretary, I mean, she was paid $810,000 by one of the companies That's deeply involved on the short side and losing money. | ||
| And all I can tell you is that they can't close our accounts down forever. | ||
| Investors are mad. | ||
| They're almost so mad with the way the brokers with the way, frankly, the White House, the regular with the way that everyone made yesterday that they are going to go on buying this stock. | ||
| And if that means that a couple of big hedge funds go bust, well, so be it. | ||
| This is about... I mean, frankly, what we saw yesterday was a total abuse of power. | ||
| It was a disgrace. | ||
| Okay, Nigel, I said back in June of 16, after your years of effort, the Brexit vote, the first Brexit vote, I was saying at the time, that Brexit vote and Trump's victory in 16 is inextricably linked. | ||
| You can see the foreshadowing of it by working class people who are Labour voters, who had had a belly full of it up in the Midlands. | ||
| Here, it's reverse. | ||
| You've seen this revolt starting in the American capital markets on Wall Street, but it's starting to spread. | ||
| The City of London, which is that part of London, we call it Wall Street, New York City, City of London in London. | ||
| City of London is actually, I would argue, more ossified, more aristocratic. | ||
| You still have a much bigger class structure in the United Kingdom and in Europe. | ||
| Than in the United States. | ||
| Is this lighting a match now for a broader populist revolt? | ||
| Because of all the work you did on Brexit, quite frankly, with Boris Johnson's government, it is Singapore on the Thames, right? | ||
| Not a true economic nationalist, make Britain great again, bring back manufacturing, get your, you know, get your animal spirits up. | ||
| It's this kind of very, a feat. | ||
| Right? | ||
| Still the bettors from Cambridge and Oxford telling you how to do it. | ||
| Is this going to light the match in reverse? | ||
| Do it what you guys did for us with the Brexit vote in 2016? | ||
| You're quite right. | ||
| This started on Wall Street. | ||
| It started with American investors. | ||
| But hey, a lot of Brits were involved with that site as well. | ||
| And so we've seen some quite dramatic rises in London shares as hedge funds have panicked and covered their shorts in case the mob, as they see it, come to get them. | ||
| You're quite right about one thing. | ||
| This level of condescension, this level of we know best, You know, we on Wall Street, we in government, we in the City of London, we know best. | ||
| You're just ignorant, peasant investors who don't know what you're doing. | ||
| That attitude is still very much there. | ||
| But I tell you, Steve, what's really interesting about this. | ||
| I saw a tweet yesterday from one of your favourite people in the USA, AOC, and she was saying that there ought to be a congressional inquiry Into the conduct of those brokerage houses yesterday. | ||
| Let's find out. | ||
| Let's find out. | ||
| Were they working in cahoots with the Shorts? | ||
| Did the Shorts sell more into the market before effectively closing the door? | ||
| What conversations did Janet Yellen have and with whom, given that she herself, I think, is very compromised. | ||
| So the interesting thing here is this, that here we have a populist revolt That is apolitical, in the sense that it brings the right and the left together. | ||
| And that's why this is not going away any time soon. | ||
| I think people, frankly, have had enough. | ||
| You only have to look at so many collective investment funds, be it in this country, people's pension savings, just how badly the whole financial services industry has served ordinary people. | ||
| And a lot of them now have decided to take their own destiny In their own hands, have their own successes, have their own failures, and this is, I honestly think, when you get left and right together on an issue, it's a very powerful cocktail. | ||
| You see, this is what, the left and right can come together on this, but this is at the Grundon level, right? | ||
| I agree with that. | ||
| But here, and I would like to know your attitude to England, because I think it's worse than it is here, and it's terrible here. | ||
| You're going to find out when you do the investigation, when you start to strip the mask off this, is all the funding of the progressive left, all the funding of the cultural Marxist are done by the people in institutions that control the financial markets. | ||
| Right? | ||
| People all think these are right-wing Republicans. | ||
| Yes, you've got some of that up there. | ||
| Don't get me wrong. | ||
| But you're going to find, when you have investigations, that much of the funding of the cultural Marxists, much of the funding of the apparatus, much of the funding of what is so progressive, come from really the most reactionary forces when it comes to economics in the City of London, and Wall Street, and the corporations, and the oligarchs in Silicon Valley. | ||
| How is it in London, Mr. Nigel Farage? | ||
| Well, they're the same people, Steve. | ||
| You know, they're the same people because nearly all of these firms have a New York office, a London office, regardless whether they originated in London or New York. | ||
| And of course, there is one big, big name, isn't there, in the hedge fund industry that has been funding cultural Marxism for many, many years. | ||
| I don't know what the latest figure is, but I think it's over $20 billion that he's given to various causes that are designed to break down society and cause great damage. And he of course is George Soros, but he's far from on his own. Yeah, you're absolutely right. | ||
| And... | ||
|
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We lose his microphone there. | |
| So you can finish it. | ||
| You wrote his speeches. | ||
| You can finish his thoughts, can't you, Rahim? | ||
| We're going to get Nigel back in a second. | ||
| I wrote this one too. | ||
| It's no surprise to me that he mentioned George Soros and the line just cuts, right? | ||
| I mean, this is like Newt Gingrich on Fox, right? | ||
| But in England, my point is, in England there's more tinder here for revolts in Europe, in the United Kingdom, and quite frankly even in Asia than even in the United States. | ||
| As bad as it is here. | ||
| Why do you think that is? | ||
| Because I think they're much more highly structured. | ||
| I tell you what, let's get Nigerian again. | ||
| I have one idea on this, just real quick. | ||
| It's because there aren't places like this. | ||
| You know, the media environment is so restricted. | ||
| There are all these rules and regulations about what you can broadcast and what you can't. | ||
| Taxpayers are forced to pay for the BBC. | ||
| If you're in a television and you want to watch live TV, the government forces you to pay the BBC, and not insignificant amount of money, hundreds of pounds a year for that privilege. | ||
| That's hundreds of dollars a year for that privilege. | ||
| Nigel? | ||
| Yeah, no, I get that, Rahim. | ||
| I mean, look, you know, I thought the real battle here was going to be to maintain free speech, which is under attack. | ||
| And as of yesterday, we learned that it's free markets that are under attack as well. | ||
| It's one rule for them. | ||
| It's another rule for us. | ||
| I sense, Steve, you know, not only, as Raheem says, do not have enough alternative media in the UK and certainly in the rest of Europe, but also In a way, investing in markets has always been quite open to Americans. | ||
| Here, it's almost kept like a secret. | ||
| It's very, very difficult for the ordinary guy. | ||
| You know, I mean, it's changing. | ||
| But even opening a stockbroking account in the UK is it's a much more difficult thing than it is in the USA. | ||
| So we've kind of we've kind of given our money. | ||
| You know, those of us that have worked in the private sector, we've saved. | ||
| We've given our money to an industry. | ||
| That has looked after us absolutely terribly, and we all know it. | ||
| We've just not been sure what to do about it. | ||
| And the revelation this week is there is now a growing understanding amongst millions of people. | ||
| Would you know what? | ||
| Actually, we can do something about it. | ||
| We can make our own luck, make our own successes, make our own failures. | ||
| So I think this is quite a big watershed moment for financial markets. | ||
| I think that You know, the hedge funds selling vast amounts of stock short. | ||
| They're going to be very, very careful about doing that in the future. | ||
| What remains to be seen is what the SEC do. | ||
| What will the SEC do? | ||
| Nigel, real quick, what is your social media accordance? | ||
| How do people get to you? | ||
| You've got about 30 seconds to get it out there. | ||
| People want to follow you. | ||
|
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How do they do it? | |
| Nigel, I underscore Farage on Twitter. | ||
| That's probably the first way to get a hold of me. | ||
| And this is a battle, Steve, that I'm going to be engaged in. | ||
| Nigel, we look forward to having you back on here. | ||
| Nigel, we need that voice. | ||
| The leader of the populist movement on a global basis, Nigel Farage. | ||
| We're going to turn in a second, Raheem, because I'm Stephen K. Bannon. | ||
|
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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. | ||
| Do we have that Rasmussen poll? | ||
| I want to get the tracking. | ||
| I got it. | ||
| What is it? | ||
| So we're looking at, well they've actually mislabeled it here, but the top line says 49% of likely U.S. | ||
| voters approve of President Biden's job performance, 48% disapprove. | ||
| It's under 50. | ||
| He has no political capital. | ||
| How strongly approve of his actions is what? 35%. | ||
| They used to rail on Trump. | ||
| That's a Trump number. | ||
| How many strongly disapprove? | ||
| Got to be the same number. | ||
| Forty percent. | ||
| Ladies and gentlemen, he's upside down. | ||
| He's upside down. | ||
| Forty percent. | ||
| And this is why it is important. | ||
| This is the center of the resistance. | ||
| It's the center of the nullification project of this illegitimate administration. | ||
| I don't care what CNN says and MSNBC says and The Wall Street Journal and The New York Times. | ||
| I do not care. | ||
| We are right and they are wrong. | ||
| We've been right on the pandemic, on populism, on all of it. | ||
| OK, these people are idiots and they mislead you on purpose. | ||
| That is why and this is why I think it's so important, so important for President Trump to lay out all of the evidence that they are going to eviscerate him. | ||
| They understand now that the Republican Party is not going to technically purge him from the Republican Party because they understand now McConnell | ||
| And McCarthy, all these guys that don't have his back, right, understand that his base, those 74 million voters are with him, right, with him, and 50 to 60 million are with him more, I think, stronger today than they were on November 3rd, as we've seen what's going on, and we've seen the radical nature of the Biden thing, and no sense of unity, just a mailed fist right in your mouth, right? | ||
| This resistance is only picking up steam in the feckless nature Of the Biden administration, particularly in handling this capital markets crisis. | ||
| And that's what it is. | ||
| It's a total rejection of how the system has heretofore worked. | ||
| And that's why they had, you know, John Heilman, who I've got a lot of respect for, you know, been on show a number of times when he sits up there and talks about the former presidents, you know, Clinton and Bush and Obama, and they look like Marvel superheroes. | ||
| Remember he said that they look like Marvel superheroes? | ||
| Look at where this country is. | ||
| Look where this country is vis-a-vis China. | ||
| Look at where this country is vis-a-vis the CCP. | ||
| Look at where this country is vis-a-vis the Globalization Project and their Marvel superheroes. | ||
| Sir, you got to go back and read your Marvel comic books because superheroes win and do good for the people. | ||
| Right? | ||
| Not what's happened here. | ||
| And you're seeing a populist revolt in its next phase. | ||
| And that's why this Wall Street story is bigger than GameStop. | ||
| It's bigger than anyone's stock. | ||
| Nigel Farage, you can see the connective tissue here. | ||
| And what's most important about all of it, it's not the disintermediation by the Internet, it's not all that, it is that this is the group that two-thirds voted against Trump as registered voters, the Millennials and Gen Z. And as they become more awakened, As they become more woke to the way the system works and the way the system, the neoliberal system has condemned them to essentially a life of financial servitude. | ||
| And they yearn to be free. | ||
| And remember this, and you went back to the taxes, the best riff you've given a long time. | ||
| I realize finance is not your area, but man, that was brilliant. | ||
| The donor class of the Republican Party. | ||
| I warned you about this back in June of 2017 when the Wall Street Journal, I was mocked and ridiculed and I sat there with two progressive Democrats, Steve Mnuchin and Gary Cohn, and I said if you do not raise the upper bracket, right, that you can gut Bernie Sanders and AOC and avoid this wealth tax. | ||
| Which is where we're going to become like Europe. | ||
| Because it's not about, to me, it's still not about taxing the wealthy. | ||
| It's about some sort of making sure that the American people have a piece of the action. | ||
| And that's twofold. | ||
| Number one, with a more restricted labor pool, so they don't have unfair competition against them by non-citizens. | ||
| Whether that's offshore or here in the United States. | ||
| And number two, that you have more real ownership. | ||
| Right. | ||
| So it doesn't take a Reddit chat room and a bunch of Reddit rebels to go against to go against Wall Street. | ||
| And you're correct. | ||
| Look at how they've tried to change the game in SEC on the Biden administration. | ||
| The SEC, since Bloomberg calls them stock insurrectionists, and she essentially calls them an insurrectionist, are tantamount to the domestic terrorist, capital markets, domestic terrorist. | ||
| Right? | ||
| So you're not going to be able to speak. | ||
| The oligarchs are going to shut you down and you're not going to be able to speak. | ||
| And now you're not going to be able to buy. | ||
| You're not going to be able to buy. | ||
| What is freedom? | ||
| What's the definition of freedom in this country, Mr. Rahim Kassam? | ||
| No, I want to know. | ||
| I really want to know. | ||
| Especially if people want to petition their government, right? | ||
| For the redress of grievances. | ||
| As your constitution states, what do they do right now? | ||
| And this is what we're seeing. | ||
| You know, the longevity of this movement is the most important part of it. | ||
| This isn't about one company. | ||
| This isn't about GameStop, a video game retailer, right? | ||
| I worked in Game, by the way, which is the equivalent of GameStop in the UK. | ||
| I paid my way through college by working that job, stacking shelves, you know, manning the till. | ||
| I know that industry. | ||
| It's not about GameStop. | ||
| What it is, is it's about what GameStop represents to the people who cared about the company being shortened. | ||
| It's about what GameStop represents in terms of how people petition their government for the redress of grievances. | ||
| And this is where we are now. | ||
| That's why they can do anything they want in terms of, oh, we're going to take you down for a day, and we're going to limit this. | ||
| It's back up to $3.40 right now. | ||
| And there's a reason for it. | ||
| This cannot go away. | ||
| Okay, I just want to have a closing. | ||
| National Pulse is at three o'clock on Real America's Voice. | ||
| We're back at five. | ||
| This audience is metastasizing and we're getting a lot of people here that are not Trump people. | ||
| A lot of people don't like the president. | ||
| Okay, a lot of people. | ||
| All we ask you to do, Cortez just told me his phone is blowing up after his thing, of people that would never think in a million years of watching a show with Steve Bannon and Raheem Kassam. | ||
| Just give it a hearing. | ||
| This is the taking to the next step. | ||
| A redirection of this country to make sure that working class people and middle class people control the direction of this country and have an equitable share in the wealth that they've created, in the goodness they've created, in the positive nature of what this country's done throughout the world. | ||
| This is an inflection point. | ||
| And like I said, it's a fourth turning. | ||
| This is going to get it's going to be very choppy. | ||
| And you're going to you're going to see things and feel things you never thought before. | ||
| But for the new audience members, joining our old audience members. | ||
| And remember, we're winning here. | ||
| I want everybody in the Trump movement to understand. | ||
| I get mocked for that. | ||
| Hey, we're winning. | ||
| And you can see by the look in the eye of the Biden administration and these other oligarchs. | ||
| They need to try to shut everything down. | ||
| It's going to fail. | ||
| Okay, Rahim's back at 3 o'clock with National Pulse. | ||
| We're back at 5 o'clock. | ||
| Jack Pestova could be in studio. | ||
| And then tomorrow morning, we've got a very special. | ||
| Scott Pressler is going to be in for an entire hour, 11 to 12. | ||
| One of the top young men in this country about social activism and how you can get involved tomorrow morning on our Saturday morning special. | ||
|
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See you at 5. |
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