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Oct. 9, 2021 - Bannon's War Room

48:45

Episode 1,324 – New Blood Needs To Be Empowered To Save The GOPEpisode 1,324 – New Blood Needs To Be Empowered To Save The GOP

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peter navarro

22:03

steve bannon

21:56

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anthony fauci

00:10

jen psaki

00:38

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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.
anthony fauci ▲ ● ▼		You don't want to frighten the American public.
unidentified		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.
anthony fauci ▲ ● ▼		This is going to be a real serious problem.
unidentified		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.
anthony fauci ▲ ● ▼		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.
		approval ratings these days. I know you've heard people talk about polls and you might say that they don't mean anything but it's also fair to say the White House when there are good polls you publicize them. So what do you make of these really terrible polls? Are they that he's doing something wrong? Is it just the communication or is it he's doing popular things that have to be done?
jen psaki ▲ ● ▼		Or something else? Sure. Well look I would say that this is a really tough time in our country.
		We're still battling COVID, and a lot of people thought we'd be through it, including us.
		And because of the rise of the Delta variant, because of the fact that even though it was a vaccine that was approved under a Republican administration, even though we now have full FDA approval, and even though it's widely available across the country, we still have a quarter of the country who have Less than that.
		20% of the country who decided not to get vaccinated.
		No question that's having an impact.
		And of course, as the president has said, the buck stops with him.
steve bannon ▲ ● ▼		Okay, with absolutely horrific poll numbers now even coming out, Quinnipiac with another brutal poll.
		It shows you the implosion of this regime.
		Also, in addition, economic numbers across the board in every category.
		They're just absolutely catastrophic.
		This illegitimate regime is collapsing before our eyes and I think one of the issues with Maga Nation now is to make sure that it cannot do any more damage to the United States.
		We have to make sure that we steal the spine
		Of these feckless, hapless politicians, the Uniparty, the Republican branch of the Uniparty, to make sure they don't, they're not allowed to have this regime destroy, get their hands on, destroy the balance sheet of the Federal Reserve, the balance sheet of the United States of America, to take on more debt, to have more radical, you know, these policies of an invasion on the southern border, rise of a terrorist super state, a forthcoming invasion of Taiwan by our mortal enemy, The Chinese Communist Party.
		So we're going to get to all that today.
		We're live.
		It's Saturday, the 9th of October.
		Honored to have Dr. Peter Navarro, the author of the upcoming book, In Trump Time, My Journal of America's Plague Year.
		And I got to start with you, Dr. Navarro.
		You were the first one to say back when this regime took over that about what their policies and what they had actually promoted as their policy at the time.
		You said, look, this is going to lead to 1970 stagflation.
		Peter Navarro and Steve Cortez nailed this at the absolute beginning.
		And you've got all these phony economists coming on now and, oh yeah, it's transitory.
		And by the way, Navarro and Cortez have been right every month.
		And yesterday, an absolute epic fail on the jobs.
		Jobs aren't supposed to be 500,000.
		It was 194, right?
		And now you've got the labor participation rate dropping.
		A really tough time.
		Is there a really tough time, Dr. Peter Navarro, as Jen Psaki says, because of acts of God, or is there a really tough time directly related to the radical policies and incompetence of this illegitimate regime?
peter navarro ▲ ● ▼		Yeah, Jen Psaki, yeah, blame it on the Delta variant, blame it on the un-vaxxed.
		I mean, get real, girl.
		Here's the thing, Steve.
		Any damn fool, even Jen Psaki, would have understood, as I wrote back in February of 2020, that when you have a pandemic coming like this, There's going to be mutations.
		I mean, Doc Hatfield's probably been sitting in this chair more than once explaining exactly what clever little beastie viruses born out of a Chinese Communist Party lab in Wuhan with the help of Anthony Fauci do.
		They mutate.
		Duh!
		As for the blaming the UNVACs, in fact, The universal vaccination policy of the Biden administration is significantly contributing to the labor shortages in this country because there's a lot of smart people making smart choices who are healthy, who have had COVID, who have the antibodies, who say, I don't want to take that risk.
		Here's the bigger picture, Steve.
		And I've got a piece coming out in the National Review on this, a think piece on stagflation in the 70s versus stagflation now.
		Cortez and I had this exactly right going back because we understand economic history.
		Okay, this is the perfect storm, Steve, of three things.
		You've got fiscal profligacy.
		You've got the printing press at the Federal Reserve and you've got what we call in economics exogenous cost push shocks.
		In the 70s we had a situation that began with Lyndon Johnson's decision
		to simultaneously run guns and butter run the Vietnam War and this massive great society social welfare programs that effectively busted the US Treasury and created in the late sixties a pulse of inflation that that just just went through in the early seventies all the way through the end of the decade on top of that you had
		Richard Nixon appoint Arthur Burns in 1969 as the Fed Chair.
		And Burns was a very pliable and stupid man.
		He thought he could help Nixon get re-elected by running the printing press, stimulative monetary policy.
		And what that did, and quickly, was in 1971 lead To Nixon's decision, forced by a wave of inflation, to abandon the dollar standard.
		That was a deal that we set up at the end of World War II at Bretton Woods up in New Hampshire.
		Most historic event in monetary history.
		When Nixon pulled out of the dollar standard, the dollar fell by 30%.
unidentified		Hold it.
unidentified		Hold it.
steve bannon ▲ ● ▼		Hang on.
		Peter, hang on.
		Just make sure people understand that when you say dollar standard, that was the gold standard, that you could convert any dollar, 35 ounces of gold, right?
		It was the gold standard he pulled off.
peter navarro ▲ ● ▼		Prior to World War II, the world was on a gold standard, a pure gold standard.
		And when that got out of whack, there's some people who argue, including myself, that the failure of the gold standard to uphold after World War I led to World War II.
		This time, after World War II, it was like, okay, let's make it more solid by linking gold to the dollar.
		So, effectively, Steve, it's like when inflation started to erode the value of the dollar, France came a-knockin' and said, hey, I want gold, I don't want dollars.
		And Nixon said, can't do that.
		Boom, dollar standard is gone.
		And then on top of that, we had the cost-push shocks of energy because of the oil OPEC embargoes, and we had food price shocks which were caused by all manner of things, and it was a decade of hell.
		Stagflation.
		You had simultaneous inflation and recession.
		It's the hardest thing for economists to deal with.
		Now let's get to the cut to the chase right now.
		We have identical situation here, but it's on steroids.
		The fiscal profligacy has to do with the trillions upon trillions upon trillions of dollars that were thrown at the American economy trying to bail it out.
		of the pandemic that was caused by the Chinese Communist Party.
		So we have that sparking inflation, and we're looking now at a print on the core rate of inflation, which is probably going to be something like 6% for the year.
		And then on top of that, when you do non-core energy and food, that's an additional spike.
		So that's a severe shock that we're getting on inflation.
		At the same time, I've got the Wall Street Journal here.
		Job gains hit slowest pace of the year.
		Global supplies worsen.
		So what we've got in addition is a slowing economy.
		So that's pure stagflation.
		In addition to Biden and Congress's fiscal policy... Hold it, hold it, hang on, hang on, hang on, hang on.
steve bannon ▲ ● ▼		I just want to make sure for our non-economists, non-business people, what you have is something we have not had in this country since the 70s that was brought about by the convergence of a lot of things going on, the Vietnam War, the Great Society, this massive spending at the time.
		What you had is a conversion of forces, you have a unique thing, you have actually A slowing of the economy, stagnation, the economy not growing, either stable or in recession, at the same time inflation starts and you get to be runaway.
		That is a lethal combination.
		That is what stagflation means.
		An economy that's not growing, that's stagnant, and inflation, and inflation and real inflation, not just, you know, supply chain, supply push inflation, which is supply chain, you're going to add that element right now, the supply chain part, but this gets into a lethal combination.
		Go ahead.
peter navarro ▲ ● ▼		So we've got the fiscal proficacy of the Biden administration.
		Now we've got the printing press that Jay Powell is running at the Federal Reserve overtime in a bid to keep his job.
		Now here's the biggest punchline.
		The third thing is this cost-push inflationary exogenous shock from the pandemic.
		It's kind of like a hydra-headed shock.
		The biggest thing that I fear is the neutron bomb that the Chinese Communist Party virus has done to our major metropolitan areas.
		It hits the pillars, the three pillars of Of any city, right?
		It's the high-rise office buildings, the mass transit, and the entertainment districts, right?
		You've got, Steve, you've got occupancy rates in major office buildings in core metropolitan areas, which were close to 100% before the pandemic, down to as low as 30%.
		What does that mean for the deplorables?
		It means that all the janitors, the service workers, the restaurants, the beauticians, all of that urban ecosystem, those people don't have jobs.
		I call them service sector refugees.
		This is how you have the disconnect between 10 million people unemployed and 10 million job openings.
		So that's a severe structural labor problem, right?
		And then on top of that, the pandemic is causing significant Supply chain issues around the world, whether it's computer chips, potato chips, or toys for Christmas.
steve bannon ▲ ● ▼		Okay, but hold it, you're burying the lead here.
		The reason that the CCP virus has providentially shown us the reason we have the supply chain problem, the reason you have all the ships outside of LA Harbor, is we have de-industrialized, the elites have de-industrialized this country over the last 50 years.
		All the supply chain is, guess where?
		In China.
		And we've been saying, when you say this, so the chickens are coming home to roost to Biden and these globalists.
		The supply chain part of this, which is going to turbocharge it, is because we've shifted the supply chain to China and now you're having problems.
		Now you're having problems.
		The supply chain is totally broken.
		Peter Navarro.
peter navarro ▲ ● ▼		But let me hit the punchline as we go into the break.
		The punchline is this.
		The last thing.
		The very last thing you want to do in this country right now is to pass a 3.5 trillion Red Ink New Deal on Capitol Hill and a fake infrastructure another trillion.
		That will be, look, they're doing it not because they want any of that, they're just trying to stimulate their way out of the mess that they now own and are responsible for.
		It won't work.
		If we pass those bills, That will keep our stagflation pressure for the rest of the decade.
		We cannot afford it.
		So we've got to learn from history.
		Just look at what happened in the 70s and look at what's happening now.
		It's the same kind of situation.
		And you're absolutely right, Steve.
		It's like bringing our supply chains home, manufacturing here, creating jobs for Americans.
		This was the ethic and core of Trump economic policy.
		Biden has none of that in his DNA, but thank God for the war room because the war rooms Audience, it seems to be the only thing holding us from Capitol Hill pushing that bill, those bills.
steve bannon ▲ ● ▼		Hang on, by the way, that's why all these bills, they're nothing more than a stimulus package they need desperately because they've driven the economy into the ground.
steve bannon ▲ ● ▼		That won't work.
peter navarro ▲ ● ▼		That won't work.
steve bannon ▲ ● ▼		And by the way, it'll lead us to the... We'll end up being the Weimar Republic with hyperinflation.
		Okay, a short commercial break.
		Dr. Navarro, we're going to talk about Mitch McConnell, the debt ceiling, and how you really bury the United States economically next.
unidentified		War Room.
		Pandemic.
		With Stephen K. Banham.
		The epidemic is a demon and we cannot let this demon hide.
		War Room.
		Pandemic.
		Here's your host, Stephen K. Banham.
steve bannon ▲ ● ▼		Okay, go to MyPillow.com, Promo Co., War Room.
		You've got the towels on sale.
		A six-pack of the best towels made, and I say that through the research of the obsessive Dr. Peter Navarro.
		Now $39.99.
		That sale won't last forever.
		Go hit the bid on the towels today.
		Also, Giza sheets.
		Buy one, get one free.
		You got sales on toppers, on pillows, across the board.
		You got great sales.
		Make sure you go to MyPillow.com, promo code War Room.
		Particularly the towels and the Giza sheets.
		These are not going to last forever.
		In addition, this is supporting, obviously, the freedom fighters of my pillar, the great manufacturing company, the war room apparatus, and of course the, I was going to say the unguided missile, actually the armor-piercing shell that is Mike Lindell.
		So Peter, I want to wrap up.
		We're trying to do this systematically.
		We're trying to do this systematically so we walk through.
		The Biden disaster in this economy, Cannot be saved.
		In fact, the Law of Unintended Consequences, they're grabbing on to what the Democrats always do, which is massively stimulate the economy, right?
		And that's what this $3.5 trillion is about.
		Plus, on top of the $1.5 trillion natural deficit we have already, this will lead to hyperinflation.
		This actually will do the reverse of what they think it will do Peter Navarro.
peter navarro ▲ ● ▼		Yeah, that is the punchline.
		If we go back, for example, to the 70s, and one of the triggers there was the Great Society program of Lyndon Johnson.
		So, you know, there's some Democrats on the Hill who simply want to use government to redistribute income and create these progressive programs.
		But there's also realization in the Biden White House that they need a massive stimulus to get out of the mess that they keep creating.
		The punchline, though, Steve, the reason why history is important here is that the 1970s stagflation looks eerily similar to what we're setting us up for now.
		And the lesson of 1970 is Biden, Congress do not pass anything more It won't work to stimulate the economy.
		It'll simply create stagflation, runaway inflation, and it'll be with us for years.
		Because when when Lyndon Johnson did what he did and started the whole ball rolling back in 68 and 69 it took till 1980 Steve and a misery index that rose to 20% in 1980 for Ronald Reagan to come in and solve the problem And that misery index, we're going to be talking a lot about that on the war room over the next several months.
		That's the unemployment rate, right?
		That's the stag part of the stagflation.
		Plus the inflation rate.
		That's the inflation part.
		So, that rose to 20%.
		In the 1970s, and we'll easily get there if Biden and the Rhino Republicans pass that stimulus pact.
unidentified		I want to make sure people understand a little bit.
steve bannon ▲ ● ▼		Hang on, we'll get to that in a second.
peter navarro ▲ ● ▼		Just follow my lead there.
steve bannon ▲ ● ▼		I want to go ahead. Hang on, we'll get that in a second.
		Just follow my lead there.
		Just follow my lead. Hang on. I want to go back. This was the beginning of really the impact of globalization.
		As Dr. Peter Navarro and Steve Cortez always tell us, since 1972, There had not been real wage increase for American workers until 2019, until the policies of Peter Navarro and Donald Trump kicked in, in what Cortez called the striver's economy.
		That was a combination of restriction on immigration, trade deals, protectionism, regulation cuts, tax cuts that focused on capital equipment and manufacturing prowess.
		Really built in a full-spectrum energy dominance.
		That led to the strivers economy, the increases.
		Remember, even CNBC and MSNBC can't say it.
		That's where wages rose 11% with 1% inflation.
		Now you've got, they're talking about the wage growth, they don't back into deflation.
		Wage grows to 3 or 4% but you got 5 or 6% inflation.
		It's negative to the workers.
		I want to go back to that misery index.
		The misery index brought down Carter because what happened after Nixon It exploded under Carter.
		You had interest rates in double digits.
		You had unemployment almost in double digits.
		You had a misery index.
		You add them together, it's 20%.
		Correct me if I'm wrong right now.
		If I take in, not the core inflation, but if I add energy and food, which you have to, and by the way, we're going to get the Patriot Supply on next week, to talk about food shortages.
		The food shortages are unbelievable in this country right now.
		The dislocations.
		But, Peter, if you add today Unemployment and inflation, and inflation is about 6%, right?
		If you add in energy, and energy is about to explode because of what's happened in natural gas and oil, a lot of that's from the half-baked, these half-baked Green New Deal policies that Biden's already put into executive order.
		If you add unemployment today to inflation, you're almost at double digits, right?
		I think I'm just about at 10%, right?
peter navarro ▲ ● ▼		I would argue that you're well above double digits.
peter navarro ▲ ● ▼		Let me add a little granularity to the unemployment rate aspect.
steve bannon ▲ ● ▼		Give it to me, baby.
peter navarro ▲ ● ▼		Give it to me.
		So, if the unemployment rate's like, let's say it's 4%, right?
		So, that doesn't take into account two things, Steve.
		It doesn't take into account the discouraged workers who have dropped out of the labor force.
		So if you add that back in, the real unemployment rate is higher.
		And then, here's the thing that Chinese Communist Party virus, with Dante Fauci's help, is doing to us.
		The labor force participation rate.
		This is the key metric that I used to talk about all the time when I was in the Trump White House.
		It fell, After the crash of 07-08, all through the Obama-Biden years, people out of the workforce, it rose, and this was one of our finest achievements, Steve, because Trump got the unemployment rate quickly down to a very low level.
		And everybody thought by the time we got there we were going to cause inflation, but we didn't because we were able to continue to grow and add jobs by bringing people in from the sidelines, boosting that labor force participation rate.
		That's totally back in reverse now.
		So what we're losing primarily in the people 55 and over, they're just saying, hey, I don't want any more part of this.
		economy.
		I'm out of here, right?
		They would otherwise be working if not for what that pandemic and the policies of the Biden administration are doing to them.
		So I would argue that they were premature retirees who were effectively unemployed.
		So I'd say we're well above a misery index of 10% already and we will move steadily and inexorably up Under the policies of Joe Biden, they don't want to bring our jobs home.
		They're controlled by globalists.
		They want to stimulate the economy in a way which won't stimulate.
		It'll only stimulate inflation.
		QED.
steve bannon ▲ ● ▼		By the way, this is why, ladies and gentlemen, he's in the low 30s for independents.
		That was the big part of the big steal.
		The independents, you know, they're saying all they voted for Biden.
		In actuality, they did when you see the real numbers.
		But he definitely had some traction in independents.
		That's down in the low 30s to high 20s.
		Biden, it is impossible for Biden to come back.
		That's what they're so worried.
		That's what the lead story in the Hill yesterday is that they're freaked out about Trump's run.
		They're completely, they've done the polling.
		Rasmussen is already showing Trump up 51 to 40.
		Biden is imploding.
		This regime's imploding.
		If Mitch McConnell and the Senate had done what they should have done for this country, it'd be game over this weekend.
		It's virtually game over because his policies, you look at the direction of his policies, everything they're putting their hands on the lever is only going to make it worse.
		And this leads, by the way, when you have a president that is polling below 50% with independents, you normally have 20 to 25 seats in the House.
		This is where we're teeing ourselves up to a Newt Gingrich type 1994, Tea Party 2010 type 40, 50, 60 house sweep.
		And those people in districts understand that.
		Remember Trump won 14 seats in 2020 when he won the presidency for the second time.
		He's going to come back in 2024 and win it for the third time.
		So there's an article in National Review Coming out early next week on Stagflation by Dr. Peter Navarro.
		Now, I want to pivot here.
		We only got a couple minutes.
		We're going to roll on the next thing.
		I've got to go to my favorite paper.
		I've got my copy here on remote, but I'm letting Dr. Peter Navarro put his hands on my beloved Financial Times.
		I say it's the pink sheet.
peter navarro ▲ ● ▼		You say it's salmon.
peter navarro ▲ ● ▼		I'm going to let the chat room settle that one, okay?
steve bannon ▲ ● ▼		It's, it's, it's Salmon.
		For anybody that's sophisticated.
		Anybody that's actually worked in the City of London.
peter navarro ▲ ● ▼		This is friggin', this is friggin' pink!
unidentified		Hold it.
steve bannon ▲ ● ▼		Okay.
		if the public okay i want to go to the weekend i want to go to the way i remember i was the weekend i want to go to the weekend financial time I want to pull into this story right here.
		in financial time. Come on Debra give me the split screen here. Don't give him the whole screen. Thank you. I want to pull it, I want to hang on, I want to pull into this, I want to pull into this story right here. The ten trillion dollar man, the ten trillion dollar man, Larry Fink's rise to become the king of Wall Street.
		Ladies and gentlemen, that is the paymaster for your government.
		And the Financial Times today lays it all out for us.
		This is the reason.
		This guy, by the way, he is the king of Wall Street.
		He is the $10 trillion man.
		They control, BlackRock controls $10 trillion of assets.
		This is the reason Mitch McConnell folded the other day.
		This is the reason that rents are out of control in this nation.
		This is the reason that we kowtow to the Chinese Communist Party.
		Not just Larry Fink, but what Larry Fink represents.
		The titans of Wall Street.
		The big media moguls and of course Silicon Valley oligarchs They control this country, and by the way, he controls the United States Senate.
		It's the reason, because the hedge fund kings did not want their bonuses messed with.
		This is why, because everybody in Washington D.C.
		says, I can't, Mitch didn't tell anybody, this was so unlike it, we had this whole policy, and then out of nowhere, his paymasters called him.
		His paymaster said, Mitch, we get paid on an annual basis, right?
		You're going to mess up our bonuses.
		You've got to kick this to the end of the year.
		We don't care what it means for the country.
		We don't care what it means to keep in the Biden administration.
		By the way, people have to understand something.
		In MAGA, we're all for taxing the very rich, okay?
		Because you know what?
		They're all progressive Democrats.
		They all hate the deplorables.
		And they should be taxed, and Larry Fink should be taxed till he bleeds.
		Okay?
		AOC, join us here to help us really get, not the phony tax policies Democrats put on for your sponsors, which Larry Fink's one of.
		Okay, short commercial break.
		back with Dr. Peter Navarro to talk about Mitch McConnell and the cave, the great cave on the debt ceiling.
unidentified		We rejoice when there's a 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.com.
		Promo code WarRoom.
		Support the fight for freedom.
		Go there today.
		The product's offering is incredible.
		Go to our Square.
		You've got toppers, sheets, pillows.
		And of course, the towels, which Dr. Peter Navarro tells me are the best towel ever made.
		I can tell you, I think they're the best towel ever made, but I got an independent third party, Dr. Peter Navarro.
		Now, Dr. Navarro, as irony would have it, as irony would have it, Larry Fink.
		And Larry Fink is a guy we're going to make famous on this show because he kind of slides behind the scenes.
		He pretended to be a friend of President Trump's, pretended to be a supporter of President Trump's policies, where he stabbed him in the back constantly.
		And here's the one thing we're going to get the Democratic Party, they have to understand.
		I want to tax the super wealthy a lot.
		And one of the reasons is, they're the supporters of the Democratic Party.
		All the guys on the corporations, all the Wall Street guys, they're 100% left-wing progressive, most of them atheistic, materialistic, cultural Marxist.
		They're state capitalists because they always want to rig game.
		We absolutely should because a couple of Republican donors have guys all these anti-tax guys that were sitting there talking tax cuts it should be tax cuts only for the working class and middle class.
		The super wealthy should be taxed a lot okay and I mean a lot and starting with this guy and Steve Schwarzman and that whole pack of devils and demons the book In Trump time, starts the opening scene like a, it's like an overture to a great opera.
		Starts in the East Room of the White House on the day that they signed, that you guys signed, the China, the phase one or the skinny deal, the China trade deal.
		It starts there and Peter Navarro, Dr. Peter Navarro, who did more than anybody, he and Lighthizer, worth the president, made that deal happen.
		You know, I don't want to give it away, but you go through and you identify the demons, and the biggest demon in the room is, guess what?
		The Financial Times' Man of the Week, Larry Fink, the king of what they call him, the $10 trillion man, Larry Fink's rise to become the king of Wall Street.
		I've got to tell you, we're going to make Larry Fink famous.
		We're going to show you exactly what Larry Fink's done to this country, and for everybody under 40 years old, MSNBC last night has this report, they're all meltdown about the rise of the rents.
		Rise of the rents because of this guy.
		They're buying up all the assets because Powell and the Biden administration have negative, have zero interest rates, allowing assets to explode.
		He's sitting there scooping up all the real estate and then renting it back to you.
		He's going to own the upside and you're going to pay for it, okay?
		That's the con.
		That's the scam that's going on.
		And I got to tell you, this is why we're going to throw these bums out, okay?
		It's now time to talk.
		One of the reasons I have Cortez and Navarro on here and one of the reasons you got to buy in Trump time, They want you to be financially illiterate.
		They want you to be economically illiterate.
		They make it so obtuse the way they explain it.
		It's actually pretty fundamental.
		And by the way, if you explain it, you see how the system works, how you're paying for the system, and you're the one being ripped off.
		They try to make it so complicated and that's what rises to conspiracy theories.
		I'm a blue-collar kid from Norfolk in Richmond, Virginia, but because of my service in the military, my education, I eventually got to Goldman Sachs and able to sit in, you know, boardrooms throughout the world and having my own firm, right?
		And in China, I was able to sit in those boardrooms and see decisions made, okay?
		It's not a conspiracy.
		It's not the Illuminati, it's not the Knights Templar, it's not the Protocols of the Elders of Zion or the Knights of Malta, right?
		It's a system and you can understand that system and once you understand it you go, how in the heck is this going on?
		How in the heck is this?
		That's what democracy is?
		This is what MSNBC, what these leftists want to do is just get the state to be the overstate and not just control your lives but to hand out and just basically give you small tips on Right-wing populism is quite different.
		We want the people to have a piece of the action, a big piece of the action, both returns on capital and more returns on labor.
		And that's why they hate Trump.
		That's why they hate me.
		And more importantly, that's why they hate you.
		And they particularly hate on Wall Street, Dr. Peter Navarro.
		So tell me how the book opens with these nothing but demons, nothing but demons in the East Room of the White House.
peter navarro ▲ ● ▼		Yes.
		First of all, I want to thank you, Steve, and the War Room audience.
		We already have demand on Amazon for over 200,000 copies.
		of In Trump Time.
		That's never been seen before for a book that's still almost a month out from publication.
		So keep ordering that thing.
		Get one for Chris or whatever.
		And I also want to thank Steve because when I was writing the book, he always said, show them, don't tell them.
		And so chapter one, it's like the red wedding chapter, right?
		It's set in the East Room of the White House.
		I'm sitting there in the audience looking at Larry Fink, looking at Steve Schwarzman, looking at these... and I'll go to the chat room on this.
		It was between Wolves and Jackals for Fink and Schwarzman.
		I decided on Jackals.
		Chat room, tell me if I was wrong.
		But I'm in a cold sweat because I've been talking to Miles Guo, I've been talking to Steve Bannon, I've been talking to Hatfield.
		And I also predicted in 2006 that China would cause a pandemic that would kill millions.
		I'm sitting there looking at President Trump on stage with Leo Ha, the Chinese premier.
		They're getting ready to sign this so-called skinny deal, right?
		And these guys, these Wall Street guys in the audience, are like beaming.
		They're just beside themselves with glee.
		And here's why.
		The original deal that Lighthizer and I and the President had dealt with what we call the seven deadly sins, things like intellectual property theft, forced technology, all of these seven sins. And China walked away from that, right?
		And they came back with a skinny deal, what was a pale shadow of the former self.
		But the punchline, Steve, is that Schwarzman and Fink were able, even as we were subtracting all the things that really mattered, they added kind of an eighth element to that, which basically allowed them to open up financial and insurance markets and credit markets in China to pave the way for their making billions and billions more and doing
		in a way which essentially, Steve, would set up an infrastructure for even more offshoring of those jobs.
		So that SOB think, that SOB Schwarzman, I take them down in Chapter 1.
		They may be kings of Wall Street, but they are jackals on Main Street.
		Jackals.
		And the last thing I'll say about Chapter 1 is I'm sitting there and I'm thinking I'm getting flashes of Pearl Harbor and Chernobyl all rolled up into one, and the Twin Towers as well, as I watch these Chinese diplomats sit right next to not just the President, but the Vice President as well, Steve.
		And I'm thinking to myself, what do these Chinese Communist diplomats know that we don't?
		Right?
		About the virus.
		Crematoria going overtime in Wuhan by then.
		Are they infected?
		If they're infected, why are they shaking my hand or the President's hand?
		And here's the punchline, Steve.
		I'm thinking, is that virus...
		designed to take down a sitting president and help China take Hong Kong and advance its geopolitical interests. That's chapter one of In Trump Time, the Red Wedding chapter, and everything moves on from there.
steve bannon ▲ ● ▼		And the Fauci is intimately involved in all of that. Okay, well hang on for a second because this Remember, war room pandemic.
		We were impeachment at the time.
		We shifted to be and that was right in the middle of the first impeachment.
		Hang over a second because you're always three days behind me, but that's OK.
		That's the difference between Wall Street and the faculty lounge at Harvard.
		Just saying.
unidentified		Yeah, but I was the guy in 2006 who said China would cause a pandemic.
steve bannon ▲ ● ▼		So I was like, OK, fine, fine.
		No, no.
		But I want to I want to come back to this.
		I want to come back to this.
		I want to come back to this.
		You had it.
		But listen, We now know, because the information is out there, that the intelligence services—by the way, it was in mid-January, exactly on this date that I watched it with Miles Guo as we prepared for our annual broadcast that I always do with GNews and GTV.
		We do a three-day broadcast every year for Chinese New Year's.
		And we were up there prepping.
		We had Kyle Bass and Bill Gertz and many of the people we have on these annual broadcasts.
		And Miles says, hey, this SARS virus is out of control.
		The Chinese New Year is going to be canceled for the first time in 10,000 years, by the way.
		My question is, Tony Fauci, St.
		Tony Fauci, Understand that the intelligence services knew that something, and by the way now we think it's July because of Sherry Markson's reporting, it's July of 2019.
		Definitely around the military games that were in October 2019, but in Wuhan itself and in the hospitals we knew it was in December of 2019.
		Why was Tony Fauci and the CDC who are supposed to be so great?
		You talk about Bannon, all he wants to do is destroy the state.
		No, I want to rejuvenate these bureaucracies that have ossified.
		Why did Tony Fauci, the genius, why did he not know about what Steve Bannon knew.
		Miles Gros knew.
		Others knew in mid-January and go to the President before the Chinese showed up.
		He says, hey, you know what?
		Maybe these guys should be tested for this.
		Maybe we shouldn't do this.
		Maybe we should do it remote.
		Where was Collins and Tony Fauci?
		This is why Collins is resigning.
		And Collins, all I'm telling you, Collins, is preserve your documents.
		Because come November 2022, when the Oversight Committee shifts to Republicans, there's no more happy clappy.
		Okay?
		There's no more happy clappy.
		We're going to come and we're going to get to the whole reason.
		Why did Collins and Fauci not warn the President of the United States when the Chinese Communist Party delegation came over in January?
		When less than eight days later they shut down, they quarantined a Hubei province, which is the size of France, and they quarantined Wuhan, which is 40% bigger than New York City.
		Why did Tony Fauci not warn the President of the United States then, Dr. Peter Navarro?
peter navarro ▲ ● ▼		In Chapter 2, I give the big reveal about Tony Fauci.
		I'm going head-to-head with this SOB.
		In the Situation Room, fighting for the China travel ban.
		This guy's against it.
		Now here's the punchline, Steve.
		This is on the same day he got an email from a guy from the Scripps Institute who told him flat out that that virus was likely genetically engineered and therefore came from the Wuhan lab.
		Now at that point, even if even prior to that, Fauci wasn't paying attention to all the intelligence folks.
		At that point, Fauci knew that that virus likely came from the lab, and more importantly, that it was the result of his and Francis Collins' gain-of-function experiments authorized behind President Trump's back for that Wuhan lab.
		So, what did Fauci do?
		Cover up, cover up, cover up.
		This man has so much blood on his hands, Because of his behavior in this pandemic, the answer to that question, Steve, is Fauci knew exactly what was going on.
		He did not tell the President.
		He went to the American people and CNN and everywhere else and presented himself as St.
		Fauci, the sage of a virus that somehow jumped from nature, and he was lying To the American people.
		Stone cold lie, like he lied to Rand Paul about gain-of-function experiments.
		This guy belongs in an orange jumpsuit.
		My prediction, Steve, is that after people get finished reading In Trump Time, get finished reading Sherry Markson's book, get finished reading Bobby Kennedy's book on what happened with Tony Fauci, the Wuhan lab, the Chinese Communist Party, Fauci will not only be gone by Christmas,
		He will be strapped into a chair on Capitol Hill, forced to confess all of his sins, and wind up eventually in jail because he lied to Congress and he killed Americans.
		Boom!
steve bannon ▲ ● ▼		Okay.
		We're going to take a short commercial break.
		We're going to return.
		We're going to talk about the paymaster of Wall Street, Larry Fink, and what Mitch McConnell did to serve his paymasters on Wall Street and screw the American people.
unidentified		next in the war room.
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		It's time to cancel cancel culture.
steve bannon ▲ ● ▼		Okay, the cancel culture is only going to ramp up as it becomes clear they're about to run the tables on these guys in 2022 and also get to the bottom of 3 November and also get to the bottom of January 6 of exactly what the FBI's involvement.
		What did the FBI know?
		What did the Department of Homeland Security know?
		What did the Capitol Police know?
		How many informants?
		What did they know?
		What were their guys, what were their informants doing to organize this?
		That's the questions the American people have.
		That's the questions MAGA have.
		Exactly.
		Who knew what?
		Okay, let's start there.
		Let's talk about Ray, and let's have all of Ray's meetings, and whether Ray ever told a guy named Donald J. Trump, the President of the United States, exactly what was going on.
		We're going to talk about, we're going to get to Mitch McConnell, all of it.
		We've got Brian Kennedy from Claremont joining us in the next segment.
		We'll talk Taiwan, Mitch McConnell, Larry Fink.
		But real quickly, I think we have Ben Harnwell.
		Ben Harnwell is our new international editor.
		He's in Rome and he did a series of great interviews with Dr. Robert Malone when Dr. Malone was over there organizing this conference.
		Of doctors and researchers and physicians who are really standing up and getting information out about the vaccines and about particularly people who are more about natural immunity than using the vaccines.
		Not the anti-vaxxers but really I would call the vaccine hesitant.
		Do we have Ben?
		Ben Harnwell?
		Okay, we don't have it.
		It'd be nice if I heard that, guys.
		Thanks.
		Okay, let's go back to Dr. Peter Navarro.
		Dr. Navarro, let's go back to... It'd be nice if I knew that before we went to the segment, guys, just to produce the show live.
		I want to talk...
peter navarro ▲ ● ▼		Let me say one thing about Dr. Malone.
		Dr. Malone should win the Nobel Prize for his discovery of the RNA technology back in the 80s that has led to the vaccines.
		And so I'm watching that avidly.
		But in the meantime, there's a great movement afoot here to bring in the widespread use of therapeutics to augment a vaccine strategy.
		As we've said on the show, Steve, we're not anti-vax.
		Well, we are for a rational vaccine strategy that targets the most vulnerable senior citizens and those with comorbidities, while at the same time makes these hydroxychloroquine, ivermectin, other therapeutics available to patients on an outpatient basis that they can use safely.
		And so Malone is doing the Lord's work on this.
		He and Hatfield went over to Rome All signals point to the fact that they're making great inroads on changing this strategy and this universal VAX, whether you believe it's the right thing to do
		From a healthcare point of view, I just want to make the point again, Steve, that it is contributing significantly to our labor shortages and our structural unemployment because good people, whether they're Navy SEALs or firemen or healthcare workers or NBA stars, Are making the rational choice not to get the vaccine based on their own characteristics, including whether they've already had the virus and have the appropriate antibodies.
		So I want to give a salute to Malone and wish him the best of luck with the Nobel Committee.
steve bannon ▲ ● ▼		I want to hang over a second.
		By the way, there's 10,000, I think there's 10,000 physicians and researchers have signed on to this manifesto coming out of Rome.
		It started in San Juan, Puerto Rico, I think with 20 physicians and researchers, Dr. Malone and others brought together.
		Remember, these are people who just want to look at the immune system, how to boost the immune system, therapeutics.
		These are not anti-vaxxers.
		The point I try to make is Dr. Malone has dedicated his life to vaccines, so he's not an anti-vaxxer.
		But he wants to make sure that there's informed consent.
		Peter, we're going to get Ben Harnwell up in the next segment because we're trying to work on some tech things.
		You got Brian Kennedy coming.
		But I got to come back to something that you've been highlighting to me.
		What's really impressing you the most is NBA players and NFL football players who you say are making the most coherent, cogent, scientific arguments about natural immunity in the vaccines.
		Give us about two minutes.
		Give us your thoughts on that.
peter navarro ▲ ● ▼		Yeah, Kyrie Irving, Cole Beasley in the NFL, you've got the Orlando Magic player.
		I mean, they have studied the science and the literature, the data, and they are asking themselves the obvious question, if I've already had COVID, And the Israeli data says I've got 20 times the amount of antibodies as the vaccine would give me.
		Why are you forcing me to take that vaccine when it could, for example, in professional athletes, attack the heart muscles with myocarditis or pericarditis?
		It makes absolutely no sense.
		And I see this plantation economics, these owners of these sports teams, And then the corporate media that feeds off the games that they broadcast, shaming these players.
		And two programs, Steve, I watched to kind of kick back around the horn, and Colin Cowherd's The Herd have people like Sarah Spain, Clinton Yates on them, Joy Taylor.
		And they sit there in their little chairs with their big microphones, Pontificating, just shaming and lambasting these professional athletes for basically following the science and the data and making a right choice about their own professional careers.
		In another universe, what these sports shows should be doing would be castigating the owners, the owners of For forcing players to do something which is not in their interest.
		It's all about the money.
		It's profits, not the players.
		And I hope that the NFL and the NBA labor groups stand up to this and protect their players in a way which I think it could be a precipitating event here if these sports stars hold the line.
steve bannon ▲ ● ▼		Okay, short commercial break.
		We're going to go to Rome.
		We got Brian Kennedy coming in.
		We're also going to go to Spain on the Transhumanism Conference.

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