Nov. 4, 2021 - Bannon's War Room
48:39
Participants
| 
| Speaker | Time | Text |
|---|---|---|
|
unidentified
|
You definitely saw was how the election, in particular the one in Virginia, was a referendum on the left's failure to deliver their agenda. | |
| A rebuke on everything from critical race theory to the Democrats' election strategy. | ||
| But let's be honest, here's the thing. | ||
| All those takes are like searching the edges while refusing to see what's staring right back at you. | ||
| And I can assure you, black voters in Virginia are not shocked by the so-called Yunkin Shocker. | ||
| This isn't about enthusiasm. | ||
| This isn't about Democrats not doing enough to exercise their base. | ||
| And this definitely is not about messaging or even about Beloved. | ||
| This is about the fact that a good chunk of voters out there are okay with white supremacy. | ||
| Let's call a thing a thing. | ||
| Actually, scratch that. | ||
| They are more than okay. | ||
| This afternoon, reporter Yamiche Alcindor asked President Biden about the results. | ||
| She clearly understood the assignment. | ||
| What's your message, though, for Democratic voters, especially Black voters, who see Republicans running on race, education, lying about critical race theory, and they're worried that Democrats don't have an effective way to push back on that? | ||
| Well, I think that the whole answer is just to speak the truth. | ||
| Lay out where we are. | ||
| Some voters are also giddy over candidates who have no business governing. | ||
| Like Senate hopefuls in two separate states, mind you, accused of strangling their wives. | ||
| One even writing a fictional thriller detailing graphic violence against women. | ||
| Now, if leaders are a reflection of their voters, it isn't looking so great for the once-grand old party, is it? | ||
| Now, the elected lieutenant governor in Virginia hates a woman's right to choose, but live from the sunken place, she certainly loves her guns. | ||
| And while a trigger-happy congresswoman says she gave birth in a truck, so obviously no one else deserves parental leave, because in the bizarro world, that's logical. | ||
| And yet, the election narrative piercing through the timeline is how Democrats Better be concerned. | ||
| And we're here to say, no, that ain't it. | ||
| America is who should be concerned. | ||
| Because this group, the Republican Party and the voters who empower them, has the sole agenda of suppressing the other group to hold on to its power. | ||
| By forcing voter suppression laws that expunge and even penalize black and brown participation. | ||
| They can erase white supremacy from the history books. | ||
| Why not? | ||
| Because the governors will comply. | ||
| They can take up arms. | ||
| Why not? | ||
| The judges will protect them. | ||
| And speaking of judges, we have the conservative court putting abortion rights on the chopping block, at which point we have to ask, who are we anymore? | ||
| And we got the answer last night. | ||
| This is very much who America is and always has been. | ||
| And there's nothing shocking about it. | ||
| Which was interesting that the coronavirus or that the virus was a very low selling. | ||
| It was not an abortion to many of the voters there. | ||
| It was education, which is code for white parents don't like the idea of teaching about race. | ||
| James Carville, to you, looking at these results, your party, what went wrong? | ||
| What went wrong was just stupid wokeness. | ||
| Don't just look at Virginia and New Jersey, look at Long Island, look at Buffalo, look at Minneapolis, even look at Seattle, Washington. | ||
| I mean, just defund the police, lunacy, just take Abraham Lincoln's name off of schools. | ||
| I mean, people see that, and it's just really have a suppressive effect all across the country. | ||
| The Democrats, some of these people need to go to a woke detox center or something. | ||
| I mean, they're expressing the language that people just don't use. | ||
| And there's a backlash and a frustration at that. | ||
| And I'll be right, suburbanites in Northern Virginia, suburbanites in Northern New Jersey, you know, pulled away a little bit. | ||
| Mnuchin never ran any ads against Biden. | ||
| And I think what he did is just let the Democrats pull the pin and watch the grenade go off and own them. | ||
| We've got to change this and not be about changing dictionaries and change laws and these faculty lounge people that sit around mulling about I don't know what. | ||
| Before we go, is there anything progressives, especially in Congress, could offer that would help speed up this process so that we can get something to the American people? | ||
|
unidentified
|
Mika, we've got things going. | |
| We've spent $1.9 trillion. | ||
| Let me just explain. | ||
| There's been over $5.5 trillion go out the door since last March. | ||
| Democrats and Republicans worked all last year, okay? | ||
| Do you understand that World War II and the Marshall Plan rebuilding Europe, on today's dollars, was only $4.7 trillion? | ||
| To kind of give you a picture, we saved the world, rebuilt Europe for $4.7 trillion. | ||
| We're way over $5 trillion. | ||
| We're going to spend another $2 trillion or $3 trillion. | ||
| I don't know why we're saying it has to be done right now. | ||
| I have no idea. | ||
| No idea what has to be done right now. | ||
| Well, why can't it be done right now? | ||
|
unidentified
|
We've got things covered. | |
| Why can't it be done right now? | ||
|
unidentified
|
Don't you think we ought to have a process to understand? | |
| Don't you want to know what the finances is? | ||
| What the cost is going to be? | ||
| So you want a clearer sense of costs and the finances, just not 1.75 trillion, but more details behind all that. | ||
| What you're looking for is accounting? | ||
|
unidentified
|
The good things that we're doing, Mickey, you want to sustain them. | |
| Are we basically saying that we're going to put a little tidbit out there for one or two or three years and then, if the people really like it, we'll go ahead and push it forward? | ||
| How are we going to pay for it then? | ||
| We had 1.75. | ||
| We have three years of a program or five years of a program. | ||
| So that's half. | ||
| So that means it's going to be really 3.5 trillion or 3.9 trillion? | ||
| How are we going to pay for that without adding to more debt? | ||
| Don't you think that should be evaluated? | ||
| And we're not doing it, honestly. | ||
| Okay, we have... Okay, we're in the War Room. | ||
| It is Thursday, 4 November, Year of the Ruler 2021. | ||
| It is the first anniversary of the Big Steal. | ||
| Happened early in the early morning hours of, well, obviously they planned it for many, many months as we went around the country. | ||
| Raheem Kassam and I didn't give those Talks about the Transition Integrity Project, Mark Elias and those demons over it. | ||
| By the way, it turns out he's pretty thin-skinned. | ||
| He's tweeting out to people to save, you know, to preserve their documents and all this. | ||
| Brother, I think you ought to be preserving your documents. | ||
| Big league for the big steel. | ||
| So it's the first anniversary when we get to all that. | ||
| You're in the war room. | ||
| Obviously, all kind of misinformation went around about how Yunkin won. | ||
| The posse knows. | ||
| You got to have a massive, massive Trump turnout and then bring candidates towards Trump positions. | ||
| Yunkin, which had no passion for this at all, caught fire because he came forward with the positions of the army of parents, parents in charge. | ||
| But Tiffany Cross there, we wanted to go through. | ||
| By the way, I want to have the clip of Joanne Reed saying, hey, we're dangerous. | ||
| The Republicans are dangerous. | ||
| It's very dangerous for American society. | ||
| But let's call a thing a thing. | ||
| When Joe Manchin is the adult in the room, and Joe Manchin's OK, but we're in a scary place. | ||
| And here's why. | ||
| The Republican collaborators put us in this position. | ||
| Don't lose the thread of the narrative. | ||
| We're only in this, this whole thing. | ||
| Of Biden and all of it would be completely jammed up, complete total collapse, not just politically, but even as a regime. | ||
| Not just because their illegitimacy, which we've proven over and over again, and the American people now understand it, but not even being a process of governing. | ||
| What they're trying, you heard Meeker right there, why can't we just pass something? | ||
| Why can't we just pass something? | ||
| Oh, you want an accounting? | ||
| They've been at this, ladies and gentlemen, for nine months, okay? | ||
| They got a continued resolution because they could not pass. | ||
| They did not have the appropriations bills passed to just the normal order. | ||
| The normal order of how you run a government and how you basically put forward a budget every year that now we have systemically a trillion dollar deficit or three and a half dollar deficits and how we're going to pay for that. | ||
| That's just the normal course of business. | ||
| Okay? | ||
| In addition, You have this spending, and we already had a massive cash infusion, as Joe Manchin said earlier in the year, which Larry Summers, a former National Economic Council and Secretary of the Treasury in Democratic administrations, has said has fueled the flames of this inflation that's destroying working class people, right? | ||
| You've spent that. | ||
| Now they want to do another, I don't know, 1.7 trillion, 1.2 trillion on top of the 1.5 or 2.5 for the infrastructure. | ||
| It's very fuzzy. | ||
| And it's programmatic. | ||
| They put programs in that you can't unwind. | ||
| But Joe Manchin is sitting there going, and this is why we need the posse today to start pushing this out. | ||
| It's about this thing called scoring. | ||
| We're going to have the Russ vote from OMB, Philip Patrick from Birchgold, all in this hour, because we've got to get down to talking about business again, because this is going to drive the politics. | ||
| They have never put forward, ever, how this is going to be paid for. | ||
| Joe Manchin called him out the other day. | ||
| And the reason Joe Manchin called him out on Monday, ladies and gentlemen, he saw the polling. | ||
| He saw the polling from Virginia and the rest of the country. | ||
| Tuesday was a sweeping victory throughout the nation. | ||
| From county executives in Suffolk and Nassau County on Long Island. | ||
| Complete flip. | ||
| To the towns and villages in Connecticut. | ||
| Flipping. | ||
| Right? | ||
| To New Jersey, where, let me be blunt, they're stealing it. | ||
| And the RNC and these people should have been prepared. | ||
| This should be all over. | ||
| It's outrageous what's happening in New Jersey. | ||
| To Pennsylvania, where we won the judges, but in Montgomery County and other places we're hearing they're trying to steal it. | ||
| They just came up with another 2,000 ballots last night. | ||
| Right? | ||
| Another sweeping victory for MAGA, for America First, in these judges, because the Trump voters showed out in historic numbers, just like in Virginia, but also in Seattle. | ||
| You have a Republican city attorney and a moderate Democrat, who's basically a Republican, because you can't run as a Republican out there, for the mayor, and these are in massive landslides. | ||
| Across the nation, by the way in Ohio in the special district there, but you can go across the nation, And see a sweeping variation, particularly up in the big population concentrations of the Northeast. | ||
| Once again I say that we're two-thirds of the nation. | ||
| And to back that up, to back that up, I refer back to my alma mater here at Harvard, the Harvard Harris Poll, and I understand when you went to the trade school at Harvard, the Harvard Harris Poll today, with all the lies and misrepresentations you see on MSNBC, people love these programs. | ||
| It's overwhelming. | ||
| They're up there 70%. | ||
| It's 90%. | ||
| They love these programs, should be passed. | ||
| That is a bald-faced lie. | ||
| I keep telling you, if you call people and say, hey, we're going to give you free stuff, Right? | ||
| For you, for this, for that, ba-bing, ba-bang. | ||
| Of course people say, that sounds good, I'll do it. | ||
| Okay, fine. | ||
| Yeah, check me off. | ||
| When you combine it, and if Denver can put up some of the Harvard-Harris polls, they've done now the study on the Build Back Better program. | ||
| Wait for it, was it 56-42 against? | ||
| Support of people that would vote for it, 56-42 against. | ||
| Essentially, We're not quite the two-thirds, but directionally we're pretty close. | ||
| They don't want it. | ||
| And this is before, ladies and gentlemen, they've been forced to come forward and show how they're going to pay for it. | ||
| How they're going to pay for it is quite simple. | ||
| And let me make sure you understand this with all the fog they put up here. | ||
| You, your children, and your grandchildren are paying for this. | ||
| The global elites that run this country, the oligarchy is not going to pay for this. | ||
| What they're trying to do is give tips, a little tip money, right? | ||
| That you're going to pay for. | ||
| That's going to aggregate up to the trillions of dollars. | ||
| And when you ask people the question and you put forward a number, like Harvard Harris shows, I want to put the entire and get Amanda and the entire team. | ||
| I need this on every platform and I need everybody. | ||
| In this posse, just like you did to get the vote out for the Republicans on Tuesday in a sweeping massive victory. | ||
| You need to push this out. | ||
| Because guess what? | ||
| We're still at war. | ||
| We won a significant battle on Tuesday. | ||
| Let's assume that's Saratoga. | ||
| Okay? | ||
| We won at Saratoga. | ||
| Just like Saratoga was about a third of the way in, we got a long way to go. | ||
| Okay? | ||
| We have not run the tables yet. | ||
| We have not run the tables yet in 22, which we're going to do. | ||
| I see 72 seats, maybe 100 seats, if we stick with the program. | ||
| The first battle, and it's going to be a firestorm. | ||
| From here to the end of the year, because you have the convergence of a number of things. | ||
| You have the convergence of these bills they're trying to pass, the infrastructure bill, the Build Back Better fiasco, on top of they've got to fund the federal government, the continued resolution, right? | ||
| They run out of money in the 3rd of December. | ||
| Plus, wait for it, our favorite, the debt ceiling. | ||
| Once again, do not let anybody confuse you. | ||
| Just like you had all the power on Tuesday. | ||
| If you had not shown up, none of that would have happened. | ||
| You turned out. | ||
| You got everybody to turn out. | ||
| You answered the call. | ||
| It has to happen again. | ||
| Guess what? | ||
| Dust yourself off. | ||
| Get ready. | ||
| We're ready to roll. | ||
| We have another massive battle. | ||
| And what they're trying to do is essentially their rearguard action, understanding that they're leaving this city as a power. | ||
| They're going to try to jam this thing through to pay off all of their interest groups, to pay off everything. | ||
| Right? | ||
| To pay off everything and to make sure that they've got programmatically what's in here. | ||
| We're going to go through this in quite depth. | ||
| We've got Philip Patrick from Birch Gold. | ||
| We're going to talk about how we're going to destroy the American currency and screw your life up. | ||
| Okay? | ||
| We're also going to get Russ Vogt, the former head of the Office of Management Budget, which is, outside of Chief of Staff, the second most important job of the federal government and back of the presidency. | ||
| Russ is going to walk us through here and then we've got a lot more. | ||
| We're going to talk about a radical thing happened in San Francisco, Naomi Wolford warned us. | ||
| Five-year-old kids. | ||
| Now there's going to be forced vaccinations. | ||
| Guess what? | ||
| They're going to have to get a vaccine passport. | ||
| Five-year-olds in the Bay Area. | ||
| Okay. | ||
| There's so much to go through today. | ||
| And we're going to start with the economics of it all, which is going to drive everything. | ||
| Remember, this city is about two things. | ||
| It's about money. | ||
| It's about power. | ||
| Next, in The War Room. | ||
|
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. | ||
| Before we go, is there anything Progressive, especially in Congress, could offer that would help speed up this process so that we can get something to the American people? | ||
|
unidentified
|
Mika, we've got things going. | |
| We've spent $1.9 trillion. | ||
| Let me just explain. | ||
| There's been over $5.5 trillion go out the door since last March. | ||
| Democrats and Republicans worked all last year, okay? | ||
| Do you understand that World War II and the Marshall Plan rebuilding Europe, on today's dollars, was only $4.7 trillion? | ||
| To kind of give you a picture, we saved the world, rebuilt Europe for $4.7 trillion. | ||
| We're way over $5 trillion. | ||
| We're going to spend another $2 trillion or $3 trillion. | ||
| I don't know why we're saying it has to be done right now. | ||
| I have no idea. | ||
| No idea what has to be done right now. | ||
| But why can't it be done right now? | ||
|
unidentified
|
Because we've got things covered. | |
| Why can't it be done right now? | ||
|
unidentified
|
Don't you think we ought to have a process to understand? | |
| Don't you want to know what the finances is? | ||
| What the cost is going to be? | ||
| So you want a clearer sense of costs and the finances, just not 1.75 trillion, but more details behind all that. | ||
| What you're looking for is accounting? | ||
|
unidentified
|
The good things that we're doing, Mickey, you want to sustain them. | |
| Are we basically saying that we're going to put a whole team together? | ||
| Let me, let me, let me, let me jump in here. | ||
| By the way, her father was one of the most brilliant guys, one of the most brilliant guys around. | ||
| Professor Brzezinski, in fact, wrote a book that was really the basis for a lot of the technocracy and things that are happening, things that are happening. | ||
| And that's embarrassing, what happened right there. | ||
| Well, why can't it happen right now? | ||
| Why can't it? | ||
| Because we need to do some due diligence and think it through. | ||
| We should have done over the last nine months. | ||
| I want to make sure you're supporting our sponsors MyPillow.com, Promo Code War Room, Mike Lindell. | ||
| Mike is traveling all over talking to these Secretaries of State, Attorney Generals. | ||
| He's going to be with us tomorrow morning to talk about what happened on 4 November and the efforts he's made to get his case to the Supreme Court. | ||
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|
unidentified
|
Okay. | |
| I brought in two, because here on this show, we're not here to entertain you, and you're not here to be entertained. | ||
| That's what we love about this audience. | ||
| We're down to get to the real work. | ||
| Whether winning elections, changing the direction of this country, empowering people, action, action, action, human agency, all of it. | ||
| So we just try to bring The most serious people on here who understand problems understand things people you know I don't reach out for stars and a lot of times we go stars are so into just talking points and just they have a you know they have a rope thing and that's because they're trying to you know do what they do but on this topic because this is everything right now and this is the rearguard action they're going to try to put in some very radical plans And the collaborators are the 19 Republicans who voted for the infrastructure. | ||
| If that had not happened, they would have nothing right now. | ||
| They'd be dead in the water. | ||
| So I want to bring in two guys. | ||
| I want to bring in, I got Russ Vogt, former head of Office of Management and Budget for President Trump in his first term, and Philip Patrick from Birch Gold. | ||
| Philip's an expert on currencies, on finance, global finance. | ||
| I want to start with Russ. | ||
| Russ, this show is the one that made the debt ceiling a big deal in July when Yellen had that hearing and she actually said, hey, we're going to hit the debt ceiling at the end of July and by mid-August we're going to be defaulting on U.S. | ||
| government securities. | ||
| But the concept, and we brought it up with you a month or so ago, it's about scoring. | ||
| I want to walk through how radical these people are and how reckless they are, and that's why we played that cold open twice. | ||
| There is a process in the government actually how you model things out and how you actually see how they're going to be paid for, particularly when you're at the limits of your credit card, the debt ceiling, and particularly when you have not come forward with the budget for this year. | ||
| So, Russ Vogt, you ran Office of Management and Budgeting. | ||
| I keep telling people, you got Chief of Staff, you have OMB. | ||
| OMB is the one that programmatically connects, really, the Congress with the Executive Branch, with, programmatically, the American people. | ||
| That is why it's the coordinator function, but the oversight function. | ||
| Russ Vogt, has any of this madness in your mind, has any of it been traditionally scored so we actually know what the true cost is and what's going to be paid for, sir? | ||
| No, and I think that's what Senator Manchin was getting at, and I honestly felt sorry for him as he's trying to explain to Mika the need for an actual score. | ||
| There's a Congressional Budget Office that was set up in the 1970s specifically so Congress could make sure that they're just not passing these laws without any sense for how much they cost. | ||
| there are members in the house representatives in the democrat side they're saying we don't want to move this package without a score so that we know that when we're talking about one point seven one point eight trillion dollars we know exactly where the gimmicks are and we know exactly how much this would cost if you remove those gimmicks and there's going to be some additional analysis on the outside but there's a reason why there's a congressional budget office it hasn't been allowed to do it's for scorekeeping | ||
| it's not a perfect scorekeeping even when they do do it but it is something and it does allow members to have some sense of what they are voting on and to suggest that that is that they're in that they need to move this without a cbo score is only a political is only being done for political reasons to put pressure on the senate and move as fast as they can in the aftermath of a major loss in virginia | ||
| But here's what I want to go through, is that, technically, let's just talk about the technical process, because I want the war in posse. | ||
| This is going to be a huge thing between now and the end of the year. | ||
| We're about to enter the next phase of the fight. | ||
| Given the sweeping victories throughout the country the other day, we're now into the next phase of the battle. | ||
| Okay, we won Saratoga, we've got to move on. | ||
| Because here's where the fight's going to be. | ||
| And from now to the end of the year, it's going to be a firestorm, and this posse is going to be at the tip of it. | ||
| In the regular process, Ross, is it when you get all the language in the bill, is that when it's sent to the CBO to score, when it actually, this is it, this is the final package, you go over and then you score it, is that the process? | ||
| It's a little bit more iterative. | ||
| They typically have the committees of jurisdiction and the leadership sending them concepts along the way, but they often need the final bill text to be able to both confirm that iterative process and actually put it into final documents they'll send it to the members. | ||
| People gotta understand, Russ and I don't script this out beforehand, but this is how we work to the White House. | ||
| Russ, by the way, for all the Trump fans, Russ Vogt is the man. | ||
| Okay, Russ, you just nailed it. | ||
| Have they been sending? | ||
| They've been on this for nine months, ladies and gentlemen, nine months. | ||
| They're running around here now with their hair on fire, gotta pass it this afternoon, gotta send the two thousand. | ||
| It's an iterative process. | ||
| They have, and you would have heard CBO saying something about it, they have not been sending this thing over or we would have heard something about it, correct Russ? | ||
| They're waiting until they get a document and then Hakeem Jeffries and his guys are gonna come up with some idea. | ||
| Well, it's so late, we gotta get it done, we don't have time. | ||
| Because Manchin called them out, and we called them out. | ||
| It's all gimmicks. | ||
| It's all three card money, it's a shell game. | ||
| They're lying to you. | ||
| What do you think? | ||
| And the Harris Poll shows the American people in their great common sense. | ||
| Yes, Tiffany Cross, let's call a thing a thing. | ||
| Okay, let's call a thing a thing. | ||
| This is the common sense of the American working man and woman in the middle class, okay? | ||
| That's a thing. | ||
| And you're seeing right now, they don't agree to be governed like this. | ||
| These are radicals. | ||
| And not just that, it's radicals that are reckless. | ||
| Look who they're putting forward on TV to talk about this. | ||
| And they're not doing any of the hard pick and shovel work. | ||
| Russ, am I out of line in saying that? | ||
| Do you think they've been actually... If they had been doing this iterative and it made their case, you'd be inundated every day in the New York Times and the Washington Post on page one of how this thing actually cuts the deficit. | ||
| Correct, Mr. Russ Vogt? | ||
| No, that's right. | ||
| And I think that what they do is they hear something that Manchin says, 1.75 is the number that he wants to be at, and then they basically hide the ball and try to jam him and the rest of the American people and say, you know, we've constructed this package with all of these accounting gimmicks and then put a lot of pressure to essentially hotbox the Congress. | ||
| In passing it without the requisite number of scorekeeping that allows you to have some sense of what you're voting on. | ||
| And that's all part of the game. | ||
| Washington does that. | ||
| And it is not new. | ||
| It's quite frankly accelerated under this administration. | ||
| Ah, you hit the word. | ||
| That's real acceleration. | ||
| They say it's something else. | ||
| No, that's acceleration. | ||
| Got a couple of minutes. | ||
| I got Phillip Patrick up now. | ||
| Had a little technical problem. | ||
| Phillip? | ||
| And we're going to take a break here in a couple of minutes. | ||
| Phillip? | ||
| How can people take us seriously in the world's capital markets? | ||
| The pressure on the dollar. | ||
| When Russ has just laid out, this is all gimmicks. | ||
| This is not how serious people run a company, run a family's budget, run your own personal finances. | ||
| This is all gimmicks. | ||
| And the reason it's gimmicks is they're not held accountable by how it's paid for. | ||
| Philip Patrick. | ||
| Games and gimmicks. | ||
| You're absolutely right. | ||
| And, you know, listening to Joe Manchin gives me some sort of faith. | ||
| I mean, he's the only reasonable voice coming out of the Democratic Party these days. | ||
| Look, my big concern is a lot of the rhetoric coming out, right? | ||
| You know, they came out the Fed the other day or yesterday and said, look, They're going to start tapering, right, but they're suggesting that inflation is going to be here until at least mid 2022. | ||
| What's frustrating is it's the same old tired lines. | ||
| This is transitory. | ||
| It's supply chain. | ||
| It's short term. | ||
| Quite frankly, it's a nonsense, right? | ||
| Some areas, some things are on the back of supply chain issues, but there are price hikes happening across the board that are clearly not linked. | ||
| So, the question for me is, why? | ||
| These statements are transparently false. | ||
| So why are they going this route? | ||
| For me, what it does is it gives cover to this massive spending orgy, right? | ||
| Because at the end of the day, if the government can pin six trillion dollars without inflation, right? | ||
| What's wrong with another three, four, five? | ||
| Here's the concerning part for me. | ||
| Mainstream hates it. | ||
| Hold it, Phillip. | ||
| Hold that. | ||
| We're going to leave the audience hanging. | ||
| We've got a short break. | ||
| We're going to come back. | ||
| It's all inextricably linked. | ||
| The tapering, what the Fed's doing, and also the lies coming from Capitol Hill. | ||
| And they are bald-faced lies because they think you're morons. | ||
| Guess what? | ||
| You're not. | ||
| You're the smartest people in the room, and you have the leverage. | ||
| in The War Room next. | ||
|
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. | ||
| you. | ||
| To do a riff on Tiffany Cross, let's call a thing a thing. | ||
| And what we have now is recklessness and gross negligence. | ||
| People are not serious. | ||
| They're ideologues and they're trying to transform and now having no political power. | ||
| None. | ||
| Because the whole bottom's falling out of this thing. | ||
| We're going to get to Biden yesterday lying to the Fox reporter asking the question about paying the million dollars to the illegal alien families. | ||
| A million dollars per family, $450,000 per person. | ||
| Says they're not going to happen, not doing. | ||
| That's a lie. | ||
| ACLU came out today. | ||
| It's in the New York Post with a statement. | ||
| They've been working on this. | ||
| They've been working on this settlement with the U.S. | ||
| government. | ||
| It's obvious. | ||
| He has no earthy idea what's going on. | ||
| He's bad enough, but the radicals in this administration and the radicals on Capitol Hill, and they are radicals and they don't care. | ||
| They don't care. | ||
| They don't care. | ||
| Mika, well why can't we just do it today? | ||
| Let's just pass this afternoon. | ||
| This is another six straight. | ||
| Let's just do it. | ||
| Let's just edit. | ||
| Let's just do it. | ||
| With no financial analysis, have you and the American public, have they come forward and offered any, really sit down and say, this is what the programs are, this is where the money's going to go, this is how it's going to be paid for, this is the financial impact. | ||
| No, they have not. | ||
| They said, oh, it's all paid for. | ||
| It's all paid for. | ||
| Biden's looked at you now. | ||
| It's all paid for. | ||
| That is a stone cold lie. | ||
| And it ain't Stephen K. Bannon and the Worms saying that. | ||
| It is Joe Manchin, a Democrat from West Virginia, said it on Monday. | ||
| I've looked at it. | ||
| It's a lie. | ||
| Not paid for. | ||
| So Russ, vote. | ||
| How do we force A CBO, because they're pulling every trick in the book to say you don't need to score this, that they don't need to show the American people, and Joe Manchin just laid it out. | ||
| All of World War II, all of it, on a global scale, and, let's kick in for good measure, the Marshall Plan to rebuild Europe and also Japan, let's throw it all in there, under $5 trillion. | ||
| Under five trillion dollars. | ||
| That's what we just spent on the CCP virus. | ||
| They want to spend another five trillion. | ||
| Remember, don't ever lose the thread of the conversation. | ||
| It's a trillion to a trillion and a half dollars a year, just normal course of business. | ||
| So Russ Vogt, do you agree with me? | ||
| You ran OMB. | ||
| Do you agree that we need to score this thing independently and actually look at, and someone like you needs to have that information so that you can start to disaggregate it. | ||
| Do you agree that this thing needs to be scored and the American people need to have a straightforward accounting of and a financial model of what's going to happen here? | ||
| Absolutely. | ||
| How can you have a debate with the American people about trade-offs if you don't know what the size and scale of those trade-offs are? | ||
| This is just basic life, and not to have this, and they have the time to do this, and I think this audience can be incredibly effective, encouraging those members, like Joe Manchin, who are out there saying, just give us the score and let us know and tally up where the different puts and takes are to be able to | ||
| Have a good assessment of what the cost of this bill is going to be, and I think that is an achievable result, and I think there's a reason why they don't want to give the American people that achievable result, and is that it will cause their house of cards to fall. | ||
| This is the point. | ||
| This is the leverage point we've got. | ||
| This is the leverage point, and we're going to drive it hard like only the worm can drive it. | ||
| Because, Russ, help me out here and explain to this audience, who are pretty savvy. | ||
| Aren't they trying to radically rework the tax code? | ||
| At the same time that they're coming in with massive programmatic spending and I need you to walk people through once these programs because all they've done is cut the duration so they don't have to show five trillion dollars in the bill back better or the Bernie Sanders nine trillion dollars. | ||
| They've got it under two. | ||
| Which is still a massive number. | ||
| It's mind-boggling. | ||
| But under two, because programmatically, they just cut the time frame for the programs. | ||
| Walk people through the radical restructuring of how even to think about paying for it. | ||
| At the same time, programmatically, they're going to embed these things into the system, which are going to be like with the weed kudzu or whatever it is. | ||
| It's going to be impossible to take it out. | ||
| Yeah, let's drill down on one example. | ||
| They have $555 billion for climate initiatives. | ||
| Now they have discarded the main program, the $150 billion cap-and-trade program that they basically have never been able to get through Congress and they had it buried in this and Joe Manchin rejected it. | ||
| But they still have $555 billion in climate initiatives. | ||
| All of this is just spending and tax credits, but what they're doing is they are building the political foundation to demand these things to further come down the road. | ||
| So they're basically setting the interest group politics and laying that foundation so that it is incredibly hard for this not to materialize in the next few years as they build upon it. | ||
| They're very savvy at building the bureaucracies, the political interest groups, This is the way the administrative state works. | ||
| This is how they feed it. | ||
| They're feeding this into the administrative state. | ||
| They've got also the NGOs all sponsored. | ||
| Then they have a permanent... It doesn't matter if it goes out eight years because it will self-perpetuate. | ||
| Is that the point, Mr. Russford? | ||
| That's exactly right. | ||
| They basically have government now working on their behalf to be able to fill out their agenda. | ||
| So it puts us behind the eight ball, even if we had a win in terms of getting rid of the worst aspect of the $150 billion cap-and-trade program. | ||
| When I gave that speech at CPAC and I said that they melted down, I said the three legs of the stool of the Trump movement, the third would be the deconstruction of the administrative state, and then you had Gorsuch, and you had the other Supreme Court Justice came in, and both of those guys are deconstruction of the administrative state justices. | ||
| Part of it behind the scenes, let me pull back the curtain, is the Russ votes. | ||
| I think you were Mulvaney's deputy at the time. | ||
| It is, Russ, going in programmatically. | ||
| The way you crush this thing is you've got to stop the programs, right, Russ? | ||
| I mean, otherwise, the government just, it builds on itself. | ||
| That's why we're at over five trillion dollars today, federal budget, going to six, going to seven. | ||
| That's the permit. | ||
| When we say systemic and structural deficits, The heart of it is the administrative state. | ||
| Is this correct, Russ? | ||
| And this is what you spent your time in, trying to get to the heart of it, of how you actually take that apart brick by brick. | ||
| And here's what we're up against. | ||
| The left, for basically the last Ten decades has been able to construct an administrative state that the American people thinks works for the president, but actually doesn't. | ||
| It works for themselves and works for Congress, an imperial Congress. | ||
| When you hear independent executive agencies, what you're really hearing is liberals basically saying they shouldn't have any supervision from elections and political appointees that were put in charge by the American people. | ||
| And so when you create these new programs and initiatives that Build Back Better has, it is designed to further build the administrative state and separate it from the American people, give them bureaucrats that are answerable really to themselves and to a little bit of a degree of Congress. | ||
|
unidentified
|
Yes. | |
| Those are the two people that we send to the Imperial Congress staffs. | ||
| These permanent staffs, they go back and forth to the administrative state. | ||
| This is why Bannon's dictum is, I said, there's not a deep state. | ||
| There's not a conspiracy. | ||
| This is the way the system works. | ||
| It's systemic. | ||
| You have a system. | ||
| They teach you HBS 101. | ||
| You've got to break apart the system. | ||
| How does the system work? | ||
| What's the process? | ||
| What's the statics and dynamics of the process? | ||
| What's the nomenclature? | ||
| This is what the... It's not a deep state. | ||
| And here's why it's not a deep state. | ||
| You go over to OMB right across the street from the White House. | ||
| You go over there. | ||
| Russ Vought's having meetings. | ||
| They're coming over every day. | ||
| Their pictures are on the org chart. | ||
| It ain't deep. | ||
| It's in your grill. | ||
| 24-7 a day. | ||
| That is what built back better. | ||
| Remember, even somebody said the other night, one of the commentators, about Biden so low and impacting Terry McAuliffe. | ||
| He wasn't elected to be FDR. | ||
| FDR had sweeping mandates in the financial crisis of 1932. | ||
| Lyndon Johnson had a mandate after the assassination of President Kennedy for the Great Society, which is the New Deal times two. | ||
| This is New Deal and Great Society metastasized. | ||
| The scale of this is enormous. | ||
| Joe Manchin lays out the math of all of World War II, the Great Depression, and building back Europe afterwards, this blows that by in scale. | ||
| But more importantly, as Russ Vo can testify to, it is programmatically getting into the administrative state to make it a beast that now you cannot tame, because it self-perpetuates. | ||
| Russ Vought, how do we stop? | ||
| This is what the Trump movement is about. | ||
| This is one of the core values of it. | ||
| And it takes fighters, because they just wear you down. | ||
| Russ Vought, we're going to now be in a firestorm between now and the end of the year, ladies and gentlemen. | ||
| You heard it here first. | ||
| And you guys get back up to the ramparts. | ||
| Russ Vogt, how do we combat this? | ||
| How do we stop this? | ||
| How do we expose this? | ||
| Because the Harvard-Harris poll shows you today if the American people have real information. | ||
| And that ain't a poll from Trafalgar, it's not from Richard Barris, it ain't from the War Room. | ||
| That's from Harvard-Harris poll. | ||
| The American people reject this 56, 58, 60, 40. | ||
| Boom! | ||
| Landslide numbers. | ||
| Hey, here's what we want. | ||
| How about that? | ||
| No. | ||
| Rust vote. | ||
| How do we do this? | ||
| We've got to be relentless in demanding that Republicans use their leverage points, and there's a number of them. | ||
| There's the debt let coming up in December. | ||
| There is the appropriations process, which is also called the continuing resolution, in December. | ||
| there is the vote that will inevitably happen in the senate and it's going to be important to make sure that no republican helps pass these bills that nancy pelosi wants to pass this week and make it so that everything's riding on mansion in cinema and we've known that they've had been a hard a hard vote to the for the democrats to get so those are all really important leverage points that republicans are not going to want to fight on and we've got a demanded By the way, it just came to me when we were talking. | ||
| The FDR quote that he wasn't elected to be FDR, but just to give balance, was the Congresswoman Democrat from Virginia 7, Spanberger. | ||
| She understands that if you, by the way, if she votes for this, she signed her political obituary, just like Virginia 2. | ||
| Russ, we have to put enormous pressure And pressure, by I mean pressure, is the American people, in real democracy, going to the Congress and saying, hey, here's the numbers. | ||
| You weren't elected to do this. | ||
| He ain't elected to be FDR on testosterone. | ||
| Right? | ||
| This is because now his numbers are in the 30s for independents, and all the independents broke for Youngkin and all the other people. | ||
| All the independents broke our way. | ||
| Broke for MAGA. | ||
| On Tuesday. | ||
| So the polling shows up, and now you get the Harvard-Harris poll. | ||
| It's these moderate Democrats. | ||
| Can't we flip some of these centrist Democrats that don't want to leave Congress, don't want to get blown out? | ||
| And you're going, in Virginia 2 and 7, if you vote for any of this, you're history. | ||
| Russ Vought, how do we flip these Democrats? | ||
| Because she's got, she doesn't have these vast majorities, she's got 4 or 5 seats in the House. | ||
| Yeah, no, I mean, I think this has been the untold story with this debate. | ||
| It's so much focus has been on Manchin that people just kind of ignore the fact that she's got a lot of problems with a very small majority. | ||
| She's got, you know, a handful of members wanting a CBO score. | ||
| She's got a handful of members insisting on immigration reform. | ||
| She's got a handful of members just don't like the whole thing of itself and probably hovering behind Manchin. | ||
| And so she's got to have, she's got to get this thing passed and I think we've got a huge opportunity because these are all individuals that are coming from state districts that are very either middle of the road or in some cases have voted for Republicans in the past and so these are people that probably want to stay in office and so that's the thing that we've had that opportunity. | ||
| Hey, on Tuesday in Virginia, Chesterfield County, her district flipped and so did two down in Virginia Beach and Suffolk. | ||
| Look at the math, because we're coming for you right now. | ||
| You're going to have to represent, Russ, real quickly, your group. | ||
| How can people get to you? | ||
| How can they get the analysis? | ||
| AmericaRenewing.com. | ||
| Come and sign up. | ||
| We'll get you activated and involved, and you can follow me at atRussVote on both Twitter and Getter. | ||
| By the way, Russ, thank you for standing the breach. | ||
| You're a true warrior. | ||
| Really appreciate it. | ||
| Thank you, Steve, and thanks to this audience. | ||
| Boyd, would we like to have Russ Vought maybe as Secretary of Treasury ahead of NEC in the second term? | ||
| There's a second term coming. | ||
| Don't believe the Beltway Insiders. | ||
|
unidentified
|
Trump had nothing to do with Tuesday, didn't it? | |
| Just hang in there. | ||
| Hang in there. | ||
| We know what's going on. | ||
| We've got another fight. | ||
| Okay? | ||
| We've got another fight, and that fight is before us. | ||
| Okay? | ||
| We're going to get all the information you've got to get up to get these folks. | ||
| The real information. | ||
| If they have to score this and come up with the real numbers, it's a disaster and they know it. | ||
| That's why they're not coming forward with the numbers. | ||
| That's why they're hiding it back. | ||
| Mika, what do you need? | ||
| Let's just do it today. | ||
| Short commercial break. | ||
| Back with Philip Patrick. | ||
| Go through the overall geopolitical finance of this next. | ||
|
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. | ||
| Okay, Philip Patrick, we got Philip Patrick back. | ||
| Philip, walk us through how this is going to, if they try to jam this through, particularly without showing the world how it's going to be paid for, how this is going to be apocalyptic, sir. | ||
| They don't want us to know how it's going to be paid for, because it cannot be paid for. | ||
| And we're being lied to across the board, right? | ||
| The Fed are telling us inflation is transitory. | ||
| Don't worry, it'll be gone next year. | ||
| Biden's telling us that by spending three and a half trillion dollars, we're going to lower inflation, right? | ||
| Look, one thing the left and right agree on, they don't like inflation, right? | ||
| It's not good for anybody. | ||
| So the question has to be, at least in my mind, why is there no political will to stem inflation? | ||
| They could do it, right? | ||
| Powell could do it. | ||
| He could go out and do what Paul Volcker did in the 70s. | ||
| That is, you raise interest rates, you stand firm, and you combat inflation. | ||
| But they don't want to do it. | ||
| For me, it has to boil down to debt, right? | ||
| We've got $30 trillion of national debt today, or close to. | ||
| That's one and a half years of total GDP. | ||
| That's everything we produce. | ||
| It's unpayable. | ||
| It is absolutely unpayable through traditional means. | ||
| So maybe the plan here is a stealth default, right? | ||
| We pretend incompetence with the unchanging goal of spending tons of money. | ||
| Let's keep interest rates low. | ||
| Every single day inflation rises what it does in a way. | ||
| It's going to affect everybody in the United States It's going to affect our ability to purchase but it helps the Fed it helps the Fed balance the books Think about it like this right now inflation is higher than US debt service payments, right? | ||
| So the after inflation yield on a 10-year Treasury is negative 0.93 percent That means essentially for every day that passes, the government owes less and less and less on this mountain of debt. | ||
| So, think about it very simply, right? | ||
| If I had a mortgage that had a negative interest rate, I'm not going to be in a hurry to pay that down. | ||
| Simply put, price inflation is debt deflation, right? | ||
| We've seen this, right? | ||
| This idea of a stealth default. | ||
| We've seen it before in other countries. | ||
| Argentina, Venezuela, they're good examples of this. | ||
| Trying to use high inflation to burn up debt, it can work. | ||
| But it's kind of like using a flamethrower to cook a hamburger, right? | ||
| It's hard to control. | ||
| It's impossible. | ||
| Two great examples we want to be associated with, Argentina and Venezuela, but you mentioned Volcker. | ||
| Without Paul Volcker, there's no Ronald Reagan. | ||
| There's no Ronald Reagan mourning in America in the sweeping landslide in 1984. | ||
| Ronald Reagan understood what had to happen. | ||
| Volcker walked him through it. | ||
| They had two brutal years in a session. | ||
| Here's what's going on. | ||
| We're heading to a recession anyway. | ||
| We're in stagflation right now. | ||
| We're heading to a recession. | ||
| But they're throwing napalm on the dumpster fire. | ||
| That's the difference. | ||
| There's no political courage here to think about the American people. | ||
| Am I right in that assessment, Philip Patrick? | ||
| You're 100% right. | ||
| Listen, Volker stood firm. | ||
| Wall Street were losing their minds and he stood firm because he understood what the priority was for the nation. | ||
| But like I said, Powell is no Volker. | ||
| He is a Wall Street puppet. | ||
| I mean, the guy got caught red-handed, basically, insider trading. | ||
| This guy's selling his municipal bonds while the Fed are buying them up. | ||
| This guy is a Wall Street puppet. | ||
| He's no Volcker. | ||
| Biden is no Reagan. | ||
| We just don't have the leadership, because what we need to get through this is to stand firm, to weather the storm, and to go through tough times. | ||
| And these guys are so self-serving. | ||
| They're so close-minded, short-term. | ||
| They have no desire to tackle the issues, none at all. | ||
| I tell people, I don't give people personal financial advice. I'm not here to give personal financial advice, but I will tell you one thing in the aggregate. They're using this as a forcing function about the dollar to force the American people, really for the first time collectively, to look to alternative stores of value because they're destroying the dollar because of this You've got two alternative stores of value now you ought to look at. | ||
| Crypto, and also precious metals. | ||
| You don't really have a choice. | ||
| You have to study it, analyze it, and see if it's right for you. | ||
| Because the government, this is insanity. | ||
| And look at the people up there, how irresponsible. | ||
| Look at Mika today. | ||
| Why can't we just do it this afternoon? | ||
| That's the mentality you have up there. | ||
| Why don't we just do it this afternoon? | ||
| And Manchin says, oh, by the way, you know, to win World War II and to rebuild the world only cost us under $5 trillion. | ||
| You've already spent that on the CCP virus. | ||
| You're talking about another $5 trillion on top of the trillion to trillion and a half every year. | ||
| And so you're going to be at $50 trillion in face amount of debt. | ||
| Very quickly, when we get back to historic interest rates, we'll be done. | ||
| Philip, our audience loves you, not just for your perceptions and analysis on the economy, but the way you're open to talk to people. | ||
| How do people get to you? | ||
| How do people get access to Birchgold? | ||
| How do they get access to you personally? | ||
| Of course. | ||
| So birchgold.com slash Bannon. | ||
| You're going to get a lot of good information for your listeners. | ||
| They can reach me personally at Philip Patrick on getter and it's an honor to be given this platform. | ||
| So thank you. | ||
| It's so important. | ||
| No, no, but that's what people have got to now more than ever. | ||
| And here's the reason. | ||
| They're literally out of control, even with this massive defeat. | ||
| And as I said the other day, when the defeat was in the process of happening, I said, don't think they're going to take the lessons from it that they got to moderate and everything. | ||
| No, they're like a cornered and wounded animal. | ||
| They're more dangerous now than they've ever been, and the danger is they're going to try to radically transform this economy and do things that you can't unwind. | ||
| It's not unwindable. | ||
| It gets buried into the programmatic side of the administrative state, and then it's in the Federal Register, and trust me, it ain't easy. | ||
| It was not easy in the Trump first term. | ||
| It's going to be very hard in the Trump second term, unless we stop it now. | ||
| Remember, Donald Trump put you in the room in 2016, you've put yourself in the room right now. | ||
| That's what Tuesday showed. | ||
| Now you're called together again now to fight this, because the Republicans are just going to surrender, right? | ||
| That's what we've got to focus on in the House, the 19 collaborationists. | ||
| Philip, thank you very much. | ||
| Once again, what's the getter account? | ||
| Because I know you're coming a little spicy on that. | ||
| Yeah, it's at Philip Patrick, P-H-I-L-L-I-P, Patrick on getter. | ||
| Philip Patrick, thank you very much. | ||
| Honored to have you on. | ||
| That was a serious hour right there. | ||
| That's the way to start things off. | ||
| We're not here to entertain you. | ||
| You're not here to be entertained. | ||
| You're here to get the the receipts. | ||
| We're also now in the second hour. | ||
| We're going to pivot with this vaccine mandate. | ||
| It's very serious for these children. | ||
| We're going to get into all of that. | ||
| We got Navarro. | ||
| We got Dr. Wolf. | ||
| We're going to start in the border. | ||
| Biden sits there yesterday, looks right in the eye. | ||
| Oh, I'm not going to pay him a million dollars. | ||
| I'm not going to pay him $450,000. | ||
| The ACLU came out and said, no, you are. | ||
| We're negotiating a settlement. | ||
| And you promised, one of your campaign promises, you promise people. | ||
| So we're going to go to the border. | ||
| We're going to talk to Ben Burquham. | ||
| We're going to get to the bottom of this, exactly what's going on next in the War Room. |
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