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Oct. 2, 2021 - Bannon's War Room
48:52
Episode 1,308 – America is At Risk of Following the Path of South AmericaEpisode 1,308 – America is At Risk of Following the Path of South America
Participants
Main voices
p
peter navarro
18:20
s
steve bannon
16:14
Appearances
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a
anthony fauci
00:03
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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.
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 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.
anthony fauci
Because if you don't, then the worst happens.
unidentified
War Room.
Pandemic.
Here's your host, Stephen K. Bannon.
steve bannon
Okay, we're in the War Room.
It's Saturday, the 2nd of October.
We've had kind of a special here with two of the smartest guys that have shown they've been right on everything they've said and going through the economics of how we're in this current situation and how we're going to get out.
Before we go, I'm going to talk about vaccines and plastics, but I got to tell you, the audience has been so lit in the first hour.
The one thing they want you to take a second to describe more about, though, is they don't fully understand about the number two guy at the Fed.
And exactly, off of Jack Posobiec's tweet, they're in shock about this.
People don't really understand what the two governors in Boston and in Dallas did, which pales in comparison to what this looks like.
And this guy's like the brains of the operation.
Can you explain what actually happened and why you think it's so serious and really so shocking?
peter navarro
This is actually one of the biggest financial scandals you can imagine, and it should be exposed as such.
Okay, here's the basic economics of this.
You have bond prices that are inversely related to bond yields, okay?
So when you start to see inflation spike, bond yields go up, mortgage rates go up, interest rates on credit cards go up.
As they're going up...
Bond prices go down.
steve bannon
Of the bond itself.
peter navarro
Of the bond itself.
steve bannon
It's got more yield to have people to buy it, but the bond price drops.
peter navarro
So what you have in an inflationary cycle is a bear market in bonds.
What you've had during the Trump years is a bull market in bonds.
So if you're a Wall Street trader, okay?
And you have forward knowledge, for example, that Federal Reserve Chairman Jay Powell is going to, tomorrow, announce Tight monetary policy, okay?
steve bannon
And this is why, when this happens, CNBC and all the networks are right on.
Powell's going to give a speech, and they deconstruct the speech down to each line of it.
Because billions of dollars of trading happens upon the very moment when that comes out, and they see it, boom, guys are hitting trades like crazy.
peter navarro
That's exactly right, and that's the morning.
Everybody's like, what do you think, Joe?
Well, I think interest rates are going up.
What do you think?
So, if you know with certainty that Jay Powell tomorrow is going to unexpectedly announce a significant tightening of monetary policy and therefore a higher rate of interest, you want to be short the bond market or out of it.
Okay?
unidentified
Alright?
peter navarro
Basic.
Okay, now, if you are the number two guy at the Fed, And you have access to Jay Powell's speech the day before, and may have even written the speech itself.
And you know he's doing that.
And your family money is in the PIMCO Bond Market Index Fund, which is, PIMCO is the biggest bond trader in the world.
If you are observed moving out of that bond fund, Into a stock fund the day before that speech.
steve bannon
Because, hold it, wait for it, you have material, non-public information.
peter navarro
It's exactly right.
You were front-running that trade.
steve bannon
It's what's called insider trading on stocks.
To the max!
But you have material, non-public information and you take action upon that.
peter navarro
Yes.
steve bannon
And on a $5 million portfolio... Ladies and gentlemen, you've got to understand this.
If you read the Wall Street Journal every now and again, it's a little box every day.
No, they have the secretaries and the guys in word processing rolled up
For buying an out-of-the-money option on a stock and making like $2,000 and they sit there, they went to the office, they arrested them, the guy's got three years in prison on trading because they saw something on a partner's letter head, boom, they went and bought a call option for no money, way out of the money, the thing traded up, boom, the Fed's got all those trades and they're banging on secretaries and people in word processing and the messengers and everything like that.
peter navarro
This is a six or seven figure.
And what do you think if somebody observes the second highest ranking guy at the Fed doing a trade?
You don't think that begins to ripple through Wall Street with more inside trading?
steve bannon
How corrupt is this city?
peter navarro
This is the worst it can be.
Let me tell you this, Steve.
When I got to the White House, okay, I took every penny I had that was in financial markets and went to cash, okay?
I went to cash, okay?
Do you know how much I gave up by going to cash?
could have gone into an index fund.
That would have been sort of a...
But I didn't feel that that was right.
I didn't feel that that was right.
So I went to cash for the whole time I was in there.
You're Peter Navarro, that's why.
And I'm telling you, Steve, at the other end of this, this is unbelievable.
If you asked me, if I came in here and you said, hey, guess what, the second-ranked highest guy at the Fed was insider trading, moved bonds to stocks the day before Fed speech, I'd say quit trolling me, Ben.
steve bannon
Impossible.
peter navarro
This is a week-long news cycle story across all major networks.
steve bannon
We're going to make this.
peter navarro
But they're going to bury it.
steve bannon
By the way, they buried it this morning.
MSNBC and CNBC.
peter navarro
The important thing here is to understand the economics.
Bond price is inversely rated.
If you know inflation is rising, you get the hell out of bonds.
steve bannon
That's what he did.
Here's the reason it's not going to be a story.
Because Powell's doing everything to support the radicalness of the Biden agenda.
He's already said, we're not going to increase the key indicators.
We're going to keep it until after the 2022 midterms.
peter navarro
He was an evil man, Steve.
I've looked that guy in the eye.
steve bannon
Evil?
unidentified
Evil.
peter navarro
He is an evil man because he does things to benefit himself.
And when he was the Federal Reserve Chairman during Trump years, He purposely hurt Trump with his overly restrictive policies, and I never, hey, little joke here, this is in Trump Time, in the book, it's like I never got tired of saying the name Jay Powell in front of the Fed when Steve Mnuchin was in the room, because it was Mnuchin who recommended Jay Powell for the Fed, and the President never forgave Mnuchin for that.
steve bannon
How did Jay Powell end up as head of the Federal Reserve?
peter navarro
Mnuchin's a control freak, okay?
This dude is like a control freak on steroids, right?
He thought in his naivete, he's the dumbest smart guy I ever met, he thought in his naivete he could control Jay Powell.
That Jay Powell would be one of Steve Mnuchin's minions, right?
As soon as Powell got in there, it was the middle finger to Steve Mnuchin.
steve bannon
How quickly did Donald J. Trump understand, which by the way, the Fed chair, he always said he thought it was outside of the chairman of the Joint Chiefs of Staff.
peter navarro
As soon as Paul began to tighten, it's like, what are you doing?
I'm sitting there as one of the economic advisors.
What the heck?
What are you doing, dude?
There's no inflation here.
You're basing this on what you think might be inflation.
You don't understand Trump economics.
The whole thing about Trump economics is everything we did increased productivity, suppressed inflation, and drove up real wages.
That's who we were.
He did not understand that.
And boy, there were some knockdown dragouts there, and I'd look Mnuchin in the eyes like, what did you do there, dude?
Why can't you control that guy?
You thought you could control him.
And all he's doing is tight.
He costs us a point of growth, Steve.
We hit three when everybody thought we could do two, and we could have hit four.
steve bannon
Okay, go to it.
By the way, that's why you've got to buy the book.
You're going to get all these insights and the drama of it in Trump time.
I want everybody to go to Amazon right now, load up, buy.
You're going to want to give this book to people that you're close to that hate the sound of the word Trump.
Okay, because once you read it, and once they read it, they're going to understand, particularly with the chaos we have now, from the invasion on the southern border to the super state terrorist state of Afghanistan, to an economy that's about to punch the working person in this country right in the mouth.
I want to go back quickly.
peter navarro
Let me say one thing.
I want to give you some credit here, because we were talking off the air.
And you were going, what is it that people didn't like about Trump?
Was it the stability?
Was it the peace?
Was it this?
Or was it the mean tweets?
I mean, like, folks, reflect a little bit on your behavior at the ballot box if you didn't vote for him.
What was it that you didn't like?
The stability?
The rising wages?
steve bannon
Independent women in the suburbs?
The secure borders?
peter navarro
The no vaccine mandates?
steve bannon
The no masks?
I get it.
We can't control the tweets.
We just gave up on that.
And they're going to be mean tweets.
It's not going to stop.
But look at everything else.
peter navarro
And they'll be on Getter, we hope.
steve bannon
No, but I want to go back to the fights and the policy.
We'll deal with Fauci in a second.
To get to 2019.
Right before the CCP virus, let's face it, the CCP virus upended it all, and you think that was a random event?
Hey, I'm not a conspiracy guy, but there are no coincidences.
The golden year of American economics is 2019.
What fights did you have to have with President Trump to make sure those policies were implemented, and not the policies that the standard stock Republicans wanted to do?
peter navarro
Well, In Trump Time is riddled with stories about the Legion battles with the likes of Kudlow, Gary Cohn, both of those guys served at the National Economic Council.
They were constantly fighting our trade policies, our tariffs on China, our tariffs on steel and aluminum policies.
Mulvaney?
That guy, he hated Buy American.
I mean, it was like, oh, that's going to cost more.
Yeah, it's going to cost more.
It's going to create jobs and drive wages up, Nick.
steve bannon
Okay, hang on.
Dude, Cortez just said, I'm a protectionist.
I'm a proud protectionist.
Make that case, because, by the way, many of the guys in our coalition are the libertarians that believe in, you know, they want the lowest cost thing, and they're anti-tariff.
They're anti-protectionists.
They think Navarro, Cortez, and Bannon are a bunch of crazies.
peter navarro
Walk through why you're a protectionist.
You don't understand basic economics.
I say the word externality.
It's like, ooh, what's that?
It's like, dude, when you have supply chains secure in America rather than relying all around the world, you have a positive externality in the fact that you're not subject to shortages when the supply chain hits a fan, right?
It's like, no.
It was a constant battle with some people in the White House who were simply not on the Trump agenda.
And on the military stuff, it was people refusing to obey the chain of command, whether it's Mattis, Milley, or those guys in between.
But Donald Trump, I mean, this man's vision, from the day one that I started working with him back in 2016 on the campaign, He had a program, this is unconscious competence, where he knew if we did these six things, buy American, hire American, fair trade deals, tariffs on China, deregulation, if we did that, Steve, we would get to the three or four percent growth that everybody said we couldn't and wages would rise.
And the immigration.
Yeah, I mean, again, I get back to, what didn't they like about the guy?
The mean tweets?
unidentified
No.
peter navarro
Oh, boo-hoo!
steve bannon
OK, but talk about name on you.
One is you talk about the radical policies.
Got two minutes here. We'll go across a break.
Yeah. But you keep saying supply chain shocks.
Yes. And to part of this is tied to Fauci.
Yeah. Part of it's tied to the things that Biden's undone that Trump did.
Walk us through the supply chain shocks and why people in this audience are going to understand it's going to be in your life.
peter navarro
You're going to do this like in the mind because no graphs here.
But if you have supply and demand, Steve, and you have a supply shock, what that does is it moves the supply curve inward.
OK, and what you what you get from from that shock is both both.
Inflation and slower growth.
Okay?
So that's the worst possible thing to deal with.
Cost push inflation because you can't address it with Keynesian tools.
You can't stimulate your way out of cost push inflation.
Let me say that once more.
You can't Keynesian stimulate your way Out of cost push inflation and so what the Biden administration is doing is it's inducing these exogenous cost push inflationary shocks when it shuts a pipeline or when it when it makes it more difficult to drill a fracking well that's happening when It basically, in the middle of a pandemic, creates problems where our supply chain disruptions are happening.
Steve, you and I saw these coming back in January, right?
You address those issues with these bills, these trillion dollar bills?
Where's the Buy American?
Where's the Secure the Supply Chain stuff in them?
Not in them!
These people don't understand basic economics.
They don't understand the past being prologue, the 1970s being a repeat now, and here we are talking about it.
unidentified
Okay.
steve bannon
Short commercial break.
We're back with Peter Navarro.
We're going to talk about Fauci.
We're going to talk about all of that and how this relates to... The evil Fauci.
Tony, how this relates to the economic, really, implosion that we're going through right now next door.
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
Okay.
And by the way, starting on Monday, we're going to have a whole analysis on Arizona and exactly all these other states on what the bid and the ask is between the illegal votes, as Peter Navarro said in his Navarro report.
Also in the book, the details of all the 3 November and 6 January, but about the difference between it's the canvas, not the count.
It's the difference.
You just can't go back and recount.
Illegal ballots, you gotta separate out the illegal ballots from the legal ballots.
If it's not certifiable, if it's no chain of custody, if it's not legitimate, it don't count.
That's the simple thing.
peter navarro
Let me do the quick math on that.
In Arizona, over 50,000 votes illegal in Maricopa County alone.
Let's say it's just 50,000.
The victory margin alleged for Biden is 11,000, right?
Next thing.
Of that 50,000, we know, based on pattern, that two-thirds to three-quarters of the vote were for Biden, of those illegals, okay?
Not a 50-50 split, so you just don't throw them out and it's a wash and Biden still wins.
No, no, no, no, no.
If you know it's like two-thirds to three-quarters, right there, It's something like, you know, of the 50,000, you know, Biden got 35 and Trump got 15, and right there...
You wipe out the alleged victim margin.
steve bannon
But this is why we're also going to go back and do the Shiva and these other things up there.
It's closer, really, in Maricopa County.
It was a landslide.
peter navarro
You do it, you do all of those things.
steve bannon
Trump's was a landslide.
A landslide, no doubt.
peter navarro
Trump was a landslide.
I just did the 50,000 votes and I showed you he more than wiped out the 11,000 votes just with that alone.
No illegal airlines, no Pima County, no Cochise County.
steve bannon
It's your training.
This is one of the things I want to make sure the audience understands.
Why do you see Peter Navarro popping up about Fauci?
Why do you see Peter Navarro popping up about 3 November?
Why do you see Peter Navarro popping up when his phone goes off?
The reason that you're around all these different places...
Is that your training is about analytics and the math and backup phenomenon, right?
That's what you train as an economist.
You can sit there and say a lot of guys come in and talk it out of these phrases.
You always go back.
And one of the reasons I think you were so effective in 16 on the campaign and while while you kind of came out of nowhere to be President Trump's Principal economic advisor on economic nationalism and the reason why we had the golden year of 2019 because it was your policies you argued and fought for in the Oval Office with President Trump, you know, two-thirds of which got implemented right while we had 2019.
But then why you pop up the book is got the most fascinating portrait of Fauci, FDA, CDC, all of it.
And in the book, on every page, when you come into something, or like 3 November, when you got, you said, finally over Thanksgiving, you said, hey, this thing is crazy.
I'm just not going to let it happen.
I'm going to apply some, I'm going to go look at analytics and back of this thing.
And you came to the conclusion that, hey, absolutely, this thing was stolen.
Walk us through that.
Everything in life, you go through and say, boom, I can take a phenomenon and look at the math and back of it and tell you why it's happening and how that you steer a course in a different direction.
peter navarro
Yeah, let me do that in a prospective way now.
Let's assume you don't have a position on the forced vax, okay?
Let's say it's like, I don't have a position on that, but I'm an economist and you're asking me what impact that's going to have on our economy, okay?
And so here's the rule that you might think about, that you don't do a forced-vax policy into the teeth of severe labor market shortages.
Because the only thing a forced-vax policy can do is exacerbate that shortage.
Because as soon as you get even a small percentage of people in each of the elements of the workforce not willing to be vaccinated, who then get fired and laid off, that exacerbates the labor shortage, that creates cost-push inflation, that creates supply chain issues, a whole range of things.
That's what we're observing now.
So, on the most serious side, you can see, for example, in the healthcare industry, healthcare workers, who are some of the most sophisticated, Not wanting to get vaxxed, so all of a sudden we can't have the kinds of procedures we need at hospitals, we can't be taking care of people.
That creates both cost problems as well as health problems.
Here's a prediction I want to make.
The NBA and the NFL are heading towards a severe crisis because some of their highest paid stars, healthy people who have had COVID and have 20 times the antibodies a vaccine would give them, are now making the sane and rational choice not to get vaxxed.
It's like Kyrie Irving at the Nets.
At the same time you have these woke jurisdictions like New York saying, no, no, no, no, you can't come to work unless you're vaxxed.
So stars sitting out of these games, right?
And here's what's the punchline.
It's like the owners, okay?
This is plantation economics, Steve.
All they care about the profits.
They don't care about the health of their players.
Because if they did, the owners would be pushing for a policy.
If you've had COVID, you don't need the backs.
steve bannon
You've fought this all the time.
You got to go back and I want to make sure.
Make the rational case, make the statistical and analytical case of why they're saying that natural immunity in and of itself is not enough and you still need the vaccine, because that's essentially what they're pushing, okay?
And they're saying, hey, we understand that you've got antibodies, but you need, and now Fauci's saying you need three, so... What's the word that creeps into my mind?
peter navarro
What would Bannon say?
Scientism.
That's their argument.
But if Doc Malone were sitting with us, as he had on several weekends, Here's what we would say.
We're not anti-vax.
By any means, we're not anti-vax.
You're not anti-vax.
Look, if you're a senior citizen, comorbidities, if you're a child with leukemia, get the jab on the basis of your discussion with your doctor and a rational choice.
But what Malone and I, and that man should win the Nobel Prize, let's be clear, because he discovered this RNA technology.
He's just some schmedrick off the street.
Um, what we see is that if you have a universal vaccine policy with a leaky, non-durable vaccine, you run the very real risk of creating a super virus that could really do even more damage.
Okay, so that's a risk.
steve bannon
Plus...
Is that science fiction or is that a real risk?
peter navarro
No, that's very real.
I mean, look, everybody knows this with antibiotics, right?
We've created super bugs with antibiotics.
People die because of that.
But more importantly, what a rational policy would allow every individual to do the risk What is my risk of being vaccinated?
Myocarditis, pericarditis, for women, disruptions in the menstrual cycle, versus my risk of severe illness or dying from the virus.
And for most people, science tells us that the virus is not going to kill them or hurt them significantly.
Ergo, You're better off not getting the vaccine if you get the virus, as the Israeli data tells us.
It's always data, Steve.
Data and fact.
times the power of antibodies from being infected with the virus than from the jab.
And it's pure science because all you're getting with the jab is a select number of spike proteins.
You're not getting a full spectrum response like you do when you get the actual virus.
My point here is, going back to the thing, is whether you're vax or anti-vax or not, as a pure economist, if you look at this vax policy right now, it's going to create a tremendous cost, push, inflationary problem in the labor market and create even more disruptions, even as it's going to precipitate a
A cultural and social problem, and I think some of these NBA stars, and the last thing I'll say about this is like, you know, I'm a fan of a couple of sports shows, just to kick back, Around the Horn, for example, Colin Cowherd's The Herd, and you know, I see on Around the Horn, like Sarah Spain, Clinton Yates, they get on there and they pontificate, they like, just whiplash
These NFL or NBA stars who are making the soundest choice not to be vaxxed, and they're acting like science is on their side.
They've got to stop doing that.
Same thing on The Herd with Joy Taylor.
I mean, she came out with a speech.
I'm listening to these people.
They know nothing.
These people know less than nothing about science or data.
steve bannon
The best analysis I've seen, this whole thing, is a guy for the Orlando Magic the other day.
He talked about his natural immunity.
It was brilliant.
It was two and a half minutes long.
I said, that is the most succinct, you know, of anything I've heard.
peter navarro
Cole Beasley on the Buffalo Bills.
I mean, he goes, look, I've had the virus.
I know I have the strong antibodies, and I don't see the need for this.
Can somebody tell me?
This gets back to your original question, Steve.
Fauci and the FDA, right?
These people, I learned this in the Trump administration, right?
In Trump time, there's a ton of stuff where I'm going head-to-head with Fauci, Stephen Hahn at the FDA, Redfield at the CDC.
These people are corrupt and incompetent.
The FDA used to be the gold standard globally.
People would follow the FDA's decision.
The global community has lost faith in American health bureaucracies because of the spin And the propaganda and the crap and the stupidity with which they are proceeding with this policy.
And every time science tells them to back off, they double down and triple down.
It's wrong.
steve bannon
How much of this, what you and Cortez have been talking about, about the dark winter that's coming up, the blue Christmas, Biden's blue Christmas, how much is going to be associated to supply chain shock tied to Fauci's policies about these mandates for workers?
peter navarro
There's no question, Steve, it's overwhelming.
A lot of these supply chain shocks are a combination of the pandemic effects Which we saw coming in the Trump administration.
We're taking steps to counter, coupled with these irrational, non-scientific, scientism policies that are pursuing.
Let's not forget, the best way to treat people is by flooding the zone with therapeutics like hydroxy and ivermectin.
If we get a chance, we'll talk about that Merck pill.
steve bannon
We'll do that in D-block.
We've got a very special guest that's joining us.
You talk about the invasion of the southern border, you talk about the Chinese Communist Party all over Latin America.
unidentified
Wait till you hear what our next guest has to say.
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.
Let me pronounce to my friends that the border We're monitoring the crisis at the border tonight and a warning this evening that as many as 400,000 migrants, an unprecedented number, could cross into this country next month.
Julia Ainsley has more on this.
After those dramatic scenes at that crowded migrant camp under a border bridge in Del Rio, tonight, U.S.
officials telling NBC News the Biden administration is preparing for an even more massive surge in October.
Up to 400,000 migrants crossing the border, which would be a record, nearly doubling the stunning numbers we've seen the last two months, which were a 21-year high.
steve bannon
Okay, I just want to let everybody know that this is NBC News reporting this.
unidentified
400,000.
steve bannon
400,000 coming in the month of October.
We had 600,000 in August.
200,000 that got touches by the Border Patrol.
over. We had 600,000 in August, 200,000 that got touches by the Border Patrol, another two, two X that got in illegally.
Uh, Sheriff code down at Kenny County.
We talked to Sheriff Coe yesterday.
He said 65,000 Haitians and others are heading up now.
I think they're around Sanderson, Texas.
They expect that in the middle of this week.
Now, here's the situation.
This gets back to Bolsonaro and what's happening.
In South America, Right.
The pressure.
What Mike Yan calls osmotic flow.
The pressure.
We have the pull from the open borders in the United States for this radical regime of Joe Biden.
And I don't want to cast aspersions now for what's behind that.
OK.
All I know is that it's wide open and as a magnet, letting people know if you get here now, you can make the break and get in here.
At the same time, they announced two days ago ICE policies.
They're not going to return anybody.
Absolutely, not even criminals.
What's happening simultaneously, geopolitically, is the Chinese Communist Party is making their move now.
They're making their move now throughout Latin America.
And that's why you're having a massive flow now, one of the reasons having a massive flow of migrants.
This is 2015 in Germany, Angela Merkel, what happened in Syria and Turkey is happening in the United States today.
And this is, I'm telling you, the most fundamental and the most fundamental problems we have.
So, What's happening in South America today directly affects people here in the United States of America and it's going to explode and we can see it.
They just had a stolen election. What's happening in South America today directly affects people here in the United States of America and it's going to explode.
And we can see it when NBC News, when Lester Holt is sitting there telling you that, hey, 400,000 in October, and that's because the Biden administration is trying to get ahead of this.
They understand it's a disaster.
If you thought the Haitian situation, remember, all of those Haitians came from Brazil and wait for it, Chile, right?
They had been gone from from Haiti forever.
Right now, through the Darien Gap, and they're turning themselves over to the cartels, all the earthly possessions, that is all coming from Latin America.
And we have not seen the wave.
This thing is going to get worse and worse and worse.
So they've just had a stone election.
Tell our audience what is happening in Peru.
Why is it so analogous to what's happening in the United States?
And why is it that you predict, given your history of being a freedom fighter against Shining Path and all these radical Maoists, terrorist groups. Why you're predicting if we don't stand up now we're gonna have a Chinese Communist Party takeover of Latin America? Well it's it's simple what you're having now with the Asians is that they are using South America as a transit zone.
unidentified
Lord.
What's happening with the socialists of the 21st century and Marxist governments is that they will push South Americans north.
In Peru we've just had an election and a president has taken office on the 28th of July and he is a communist.
He denies being a communist, but he never defines himself.
But his party secretary-general says, we are Marxist-Leninist-Maoists.
And the president has said that he has his hands tied by the constitution, and they want to change the constitution of Peru.
That is a free market individual freedoms constitution and change it by a socialist constitution that will be half elected by the people and the other half designated by them.
So you know the result.
We land with a totalitarian regime.
Then this man has only 37 congressmen in Congress.
So he doesn't have a majority.
But nevertheless all the speeches of these people is in the name of the people.
It's as if they had a metaphysical mandate from the people and not an electoral mandate.
So in fact they are usurping the name of the people to try to justify.
They have a strategy of confrontation.
of sharpening contradictions in Peru.
They use racial contradictions, economic contradictions, all contradictions you can think of to confront and divide the people.
They plan to stay in power forever.
Guido Bellido, who is the president of the council, has said that they have won the elections, that they went through the democratic system, but they plan to stay forever, and that they, in fact, don't believe in democratic nonsense, with a much more worse word used.
And Alejandro Vermejo, who is the leader of the group in Congress, has said exactly the same thing.
So they have a very clear plan with one central objective.
Change the laws of Peru.
Have a Constituent Assembly.
Try to force Congress to accept that.
And if Congress doesn't accept that, they will shut down Congress using two votes of non-confidence, circumvent Congress and make the Constituent Assembly.
And the opposition is very active.
We've had huge demonstrations that are not covered by the international media, of course.
And Congress is giving a very tough battle against these people and trying to get out of the cabinet Ministers, four ministers that have been terrorists of Shining Path, linked directly to Shining Path with political records and police records, I'm sorry.
peter navarro
Let me ask you one quick question, because I'm familiar with Peruvian politics.
I traveled down there.
Can you talk a little bit about the Chinese Communist Party, how China went into Peru Decades ago, dismantled their labor markets, dismantled their consumer markets, basically took over their mineral markets and really caused a lot of Peruvians to lose their jobs.
Am I right at that?
unidentified
You are right.
What can I say now?
Explain how that feeds into this problem.
steve bannon
Most people in the United States don't realize that Chinese Communist Party have looked at Latin America, both Brazil under Lula, and the Shining Path situation, and their involvement in Peru, that they are deeply embedded into Latin America.
unidentified
Let's see this from two angles.
First of all, economic.
A hundred and seventy Chinese corporations, the many ones, Three Gorges, Commercial Bank of China, Shugang, etc.
They buy 63% of all mineral production of Peru.
63%.
They have the best, what will be maybe the biggest copper mine in the world.
They buy mainly copper and iron.
But they buy everything else, by the way.
And they are our first commercial partner.
They are building a port to the north of Lima, 80 kilometers to the north of Lima.
Huge port, 42 hectares of surface.
A mole in form of L of 400 meters long, 59 meters wide, with a draft of 17 meters for the super post-Panamax E3 cargo ships that cannot unload in other South American ports.
And the Chinese authorities have been very clear, they've said This is part of the Belt and Road Initiative.
I went to the presentation of the project, invited by a Peruvian company.
peter navarro
Peru has gotten in debt over this as well, right?
Through the debt diplomacy?
unidentified
I don't think so.
That's more the case of Ecuador.
Peru is very solvent because Peru was an economic miracle.
Now with COVID-19 and with this government, nobody knows what will happen.
But we have a low foreign debt and we've managed very well until now, until the 28th of July, our finances.
But of course, they... Did they steal the election?
They stole the election.
steve bannon
They stole the election?
unidentified
They stole the election.
That's right.
steve bannon
Okay, I want to make sure that you're not considered one of the Trump wingnuts.
How did they steal the election?
Because they say he's on war room with Navarro and Bannon and all these crazies that, you know, November 3rd.
Why do you say they stole the election?
unidentified
Because they had first cultural predominance, because for 20 years the left infiltrated the media, infiltrated the state, Infiltrated the educational system, changed the school textbooks, well, did the whole thing.
And then when the election came, as people were more or less indoctrinated, more or less consciously indoctrinated, the press shamed the people into not voting for Keiko Fujimori, who was a candidate who opposed Pedro Castillo.
And in certain regions, they made a fraud.
So you had a province.
steve bannon
You're saying it's the same playbook they ran here in the United States.
Exactly the same thing.
Long march through the institutions, take the cultural high ground.
That's right.
Then you other everybody that wants to vote for them.
unidentified
And when the election comes from the media, you shame the people, you bully the people, so they will abstain from voting, or they'll vote for Pedro Castillo, because on Sunday morning when they get to the office, they will be asked for who did you vote, and they will not be able to tell the truth, so it's better to vote for the communists than say, well, I voted for the communists.
Oh, that's OK.
Is that port going to be used?
peter navarro
Is that port for Peru going to be used for aircraft carriers that the Chinese are going to run?
unidentified
Well, it has a dual use.
It's such a huge port.
It has a mile-long reinforced concrete tunnel for the transit of containers.
But a mile-long tunnel is something that no private company Who's a more predominant power in South America right now?
peter navarro
The United States or the Chinese Communist Party?
unidentified
The Chinese by far.
peter navarro
How significant that is.
steve bannon
As you look, we're going to take a short break here and come back and we'll hold you in the next segment.
I got to ask you, who is a more predominant power in South America right now?
The United States or the Chinese Communist Party?
unidentified
The Chinese by far.
Now Argentina is buying Chinese fighters.
Bolivia has Chinese trainers.
In Argentina they have huge concessions.
In Peru they have the six biggest mining concessions.
steve bannon
And they've got Lula running in Brazil against Bolsonaro.
peter navarro
By the way, Bolivia is the lithium capital of the world, where the Green New Deal and China are going to control.
unidentified
And you know where the other half of lithium is?
peter navarro
In Peru?
unidentified
In the other side of the border in Peru.
steve bannon
In 30 seconds, why is no one in the United States understand this?
unidentified
Because there is no media coverage.
Even The Economist gave a kind of very favorable OPED to Pedro Castillo, the State Department issued a communique that said that Peru had had fair, transparent and clear elections, and the Foreign Affairs Committee of the U.S.
Congress did the same. We were shocked.
As you know, opinion polls tell that 75% of Peruvians are convinced that there was a fraud in the election.
steve bannon
Okay, short commercial break.
unidentified
We'll be back in a moment.
War Room.
Pandemic.
We'll fight till they're all gone.
We rejoice when there's no more.
Let's take down the CCP!
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
Okay, go to MyPillow right now.
Take human action.
You got the towels.
They're already tested by Navarro.
He's tested them.
He's tested the sheets.
Buy one, get one free.
$109 on the six-pack of towels, not $39.99.
That's not gonna last forever.
Action, action, action.
Also in the book, In Trump Time, it's the counter to Bob Woodward's peril.
You get to see the real situation.
Here's the thing, you get to the bottom of the Wuhan lab, you get to the bottom of Fauci and all his madness, you get to the bottom of 3 November, you get to the bottom of 6 January, right?
All of it in this incredible book.
My Journal of America's Plague Year.
That's by Dr. Peter Navarro.
You get the inside baseball on all of it.
Okay.
And listen, we pride ourselves on signal not noise in tomorrow's news today.
Ladies and gentlemen, this invasion of our southern border, we're at the top of the first inning now with this radical regime, okay?
And when Lester Holt's sitting there going, 400,000 in the month of October, that's guys in the White House telling them, you gotta start, you gotta get this ahead of the American people so they're not shocked.
peter navarro
My favorite part of that clip is that idiot congresswoman beforehand.
Sovereign.
It's way names.
steve bannon
Sovereign.
peter navarro
Congressmen, she's an idiot.
unidentified
Sovereign.
peter navarro
But I repeat myself.
steve bannon
Sovereign.
peter navarro
No, it's a false narrative, man.
steve bannon
False narrative.
peter navarro
Yeah, that's crazy banning stuff, right?
steve bannon
But this is why we had this hero from Peru to tell us that, hey, you ain't seen nothing yet.
Here's the reality.
We're about to have a geopolitical collapse in Peru of all the freedom and all the free market capitalism.
Everything people have worked on for 20, 30, 40, 50 years is about to go away.
You're about to have, what is it, Chile?
You've got Bolivia.
You're about to have Colombia.
And I've got to tell you, as I've said on this show, and Bloomberg did their story, this is the number one story on Bloomberg.
About our, you know, liking Bolsonaro.
Lula, the transnational criminal that is Lula, who's been in business with the Chinese Communist Party since he was selling all the commodities to them back in the early 2000s, that's how they had the big scandals.
Then he started using Petrobras as a piggy bank, totally corrupt, a transnational criminal.
He's now out of prison.
That's going to be a heavyweight title match.
It's going to be four weeks before the midterm elections, okay?
It's going to affect our elections.
Just like Brexit affected the 2016 election for President Trump.
You're warning America right now, that unless we get focused on Latin America, Latin America is going to be overwhelmed by Communists and the Chinese Communist Party, and then it's Katy Bar the door.
unidentified
Yes, I'll explain first the fundamentals.
You have three circles.
The National Communist Parties in all these countries.
In Peru we have ten Communist Parties.
The Government Party, is a member of the Forum of Sao Paulo that was founded by Lula in 1990.
That is a forum that is in fact a fifth international to which 124 Latin American and Spanish Communist Parties are affiliated.
The CEO of that forum is the Communist Party of Cuba.
And then you have a third circle.
That's the second circle.
You have a third circle of world powers outside.
And those are the shareholders.
That's Russia, that's China, and that's Iran.
Who are linked to the Forum of Sao Paulo and that operates through the Forum on these communist parties.
Now, you are having elections in Chile in November and then between November and May you will also have presidential elections in Colombia and Brazil.
In the case of Chile, Congress was weak.
When you had all these mob demonstrations of the far left in the streets, so they capitulated, they modified their constitution, and they permitted a Constituent Assembly to be elected.
That Constituent Assembly is dominated by the far left, and the right doesn't even have a third.
They are going to presidential elections in November.
Nobody knows what's going to happen.
You might have a communist in power.
Then, you will have Colombian elections.
And Duque is very weak, because all the enemies of President Uribe have now directed their guns against Duque.
So, nobody knows.
Petro, the far left candidate, might win.
And then, The best piece of the cake, of course, is Brazil with Bolsonaro.
Bolsonaro is great.
He has been phenomenal for Brazil.
But anyway, he has been criticized in the same way Trump has, and has the press against him.
Not only the Brazilian press, the American press, the international press, they all are in a campaign against Bolsonaro.
Quick point here.
peter navarro
They use the Chinese Communist Party, the left uses the Chinese Communist Party to undermine people like Trump.
Bolsonaro and Modi in India.
This is a geopolitical weapon.
unidentified
That's right.
Because the geopolitical objective is from the Chinese side to get the resources of South America.
They are money makers.
They are interested in that.
But from the Russian side, it's tit for tat.
Because they believe that the US occupied the post-Soviet space.
In fact, those countries asked to get into NATO to get protection.
And they're doing the same thing in South America.
So they are advancing towards your borders.
steve bannon
This is a thing for a bigger discussion.
The invasion of the southern border...
We're at the top of the first inning.
Okay, this is going to get crazier and crazier and crazier.
This is why the working class Hispanics in Rio Grande Valley are our greatest allies in this.
We're out of time, but we're going to have you, but we've got to figure.
Frank Gaffney in the Center for Security Policy has done a great job having you up here in Washington for a week.
We're going to spend a lot more time on this because I've got to tell you, this is signal, not noise.
The collapse of these governments into communism is going to force a massive wave.
It's going to make the migrant crisis in 2015 in Germany look like nothing.
It's coming here.
We'll get all the social media up.
I want to thank you very much, Francisco.
unidentified
Thank you very much.
steve bannon
Great honor.
It's a great honor to have you here.
unidentified
Great interview.
Thank you.
steve bannon
No, but Dr. Navarro is the man.
In Trump time, okay, we need to have you put your shoulder to the wheel.
Get it, read it first.
It comes out November 3rd.
You pre-order it now on Amazon in Trump time.
My Journal of the Plague here by Dr. Peter Navarro.
You're going to want to order more to give it to your close relatives, not to people who agree with Trump.
People that you love, that when you mention Trump, they spit on the floor.
Those are the people you're going to want to read this book, because it's that powerful.
Okay?
And I know you're with me.
We're going to spend a lot more time in Latin America.
We've already spent a lot of time with the guys in Brazil.
This thing in Bolsonaro, but now you've got Colombia, the populace there is under pressure.
You've got Chile, you've got Peru.
These are our neighbors.
This is, I'm telling you, in your own self-interest.
The invasion of the southern border, the osmotic flow, it's coming from Latin America, and it's coming from, and I gotta tell you, the Chinese Communist Party have thought this through.
When you talk about a harbor in Peru that could have naval vessels, that's part of the Belt and Road Initiative, that's three-dimension chess, okay?
Never count these guys out.
Thank you very much for coming.
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