Jan. 27, 2022 - Bannon's War Room
48:53
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The virus has now killed more than 100 people in China and new cases have been confirmed around the world. | |
| You don't want to frighten the American public. | ||
| France and South Korea have also got evacuation plans. | ||
| But you need to prepare for and assume. | ||
| Broadly warning Americans to avoid all non-essential travel to China. | ||
| This is going to be a real serious problem. | ||
| France, Australia, Canada, the US, Singapore, Cambodia, Vietnam, the list goes on. | ||
| Health officials are investigating more than 100 possible cases in the US. | ||
| Germany, a man has contracted the virus. | ||
| The epidemic is a demon and we cannot let this demon hide. | ||
| Japan, where a bus driver contracted the virus. | ||
| Coronavirus has killed more than 100 people there and infected more than 4,500. | ||
| We have to prepare for the worst, always, because if you don't, and the worst happens. | ||
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War Room. | |
| Pandemic. | ||
| Here's your host, Stephen K. Bannon. | ||
| OK, now with over 130 million downloads on the podcast, and of course, we're live everywhere to millions, I want to thank Real America's Voice that's got us everywhere in the United States. | ||
| Also, G News and GTV that have us in Mandarin and Japanese, and of course, blown through the firewall to La Beijing later in the day. | ||
| And John Frederick's Radio Network has us Nationwide on their app and on their stations. | ||
| I want to thank everybody in the podcast. | ||
| Remember the TV version of this, a little different to the podcast. | ||
| That's where we try to take our time for our podcast and radio audience. | ||
| Make sure that you understand what we've got up on the screen. | ||
| So we've got a lot to get through. | ||
| We have an extraordinary, extraordinary, extraordinary book to walk through about what we've been talking about for years. | ||
| But this book is out now and it's amazingly important. | ||
| And we're going to get to that in just a minute. | ||
| I've got to finish with a woman who is one of the most important voices out there today. | ||
| She's the investigative columnist for the New York Post and she breaks one blockbuster story after another. | ||
| I don't have the time today to go through the details of this news story as she's got up today about what the Biden administration is doing. | ||
| But Miranda, I just want to I want to make sure everybody understands that And this is your kind of stock and trade you're not really an opinion piece person you're really these columns are analytical pieces where you tied it you bring the receipts you bring the evidence everything you say in this column is backed up either by linked or piece of evidence and what's so shocking. | ||
| Is the industrial nature of this and how well it's thought through with the charter airlines and the companies making money and all that, and then the folks are just kind of dumped in the middle of the night, right? | ||
| And to be picked up – I mean to drop them, to go to the Jersey Turnpike and just drop folks on – and after taking them from the southern border. | ||
| Processing them, flying them up with all these commercial aircrafts, all these companies making all this money, government contracts, and then literally you got folks just being dumped at the Jersey Turnpike, you know, rest areas, which many people know of, and just in the middle of the night, just dumped, and people there to pick them up, etc. | ||
| But it is shocking, and it's shocking that our government's in back of it. | ||
| We've got to drill down on this, and that's why your piece is so important about all the links. | ||
| Miranda Devine. | ||
| Yeah, look, this is happening all over the country. | ||
| And what today's column is about is one particular instance of a plane that came into Westchester on August 13, with 142 migrants on board. | ||
| And we have the body cam footage of the Westchester County police officer who turned up to find out what the hell was going on. | ||
| Why the airport that he was supposed to keep secure now suddenly had all this bustling going on at, you know, after midnight when it was supposed to be closed. | ||
| And that body cam footage was obtained with FOIA under the Freedom of Information Act and was provided to me by Rob Astorino, who's a former Westchester County executive, but also a candidate for governor, Republican, one of the few Republicans who's actually doing something about this issue. | ||
| It's not good enough to just wait until maybe the midterms when they win back the House and the Senate or until 2024. | ||
| These flights are going on every single night and it is changing the nature of the country. | ||
| If you let it go until the end of Joe Biden's administration, even if he doesn't accelerate, even if it's just two million a year as happened last year, that's a whole New York City. | ||
| That's four Chicago's. | ||
| This is changing the nature of the country. | ||
| But here's what we're going to get into, and here's what we're going to get into in the next segment, is that this is why this is a uniparty. | ||
| People have labels of Democrats and Republicans. | ||
| We had Kelly Chewbacca from Alaska up here in the first segment. | ||
| The Republican donors and apparatus, they're cheering for this too, because it's cheap labor. | ||
| They're trying to keep the labor costs down. | ||
| This was so unfair to African-American, Hispanic, working-class folks, Asian-American folks, particularly the greater New York area. | ||
| This is what keeps labor costs down. | ||
| It's unfair competition. | ||
| And the big donors are back of it. | ||
| The piece is amazing, we're going to get it up. | ||
| It's slave labor. | ||
| Slave labor. | ||
| It's the same slave labor as in China. | ||
| The Lao Bai Jing, this is why the show's so big with Lao Bai Jing. | ||
| That's the way, look, it's not a conspiracy. | ||
| And here's what you're going to see in the next story with Christopher Leonard. | ||
| There's an industrial logic to this. | ||
| There's actually a logic to this. | ||
| This is not a conspiracy. | ||
| It's in broad daylight. | ||
| It's systemic. | ||
| It's the way the system works. | ||
| But I got to ask you, and this is the power of the New York Post, you have broadsheets Which, like the New York Times and the Wall Street Journal, the Washington Post, didn't have tabloids. | ||
| But the power of Hamilton's paper, the tabloid, the New York Post, besides the great reportage and particularly the columnists like yourself, the power of just the editorial board alone. | ||
| The governor of New York, because we had a special, we did a special segment yesterday on the anarchy in the city, right? | ||
| With the defund the police and the shoplifting and, you know, New York's the most important city in the world. | ||
| Beloved New York City is kind of an anarchy now. | ||
| But the governor, What was so amazing is the governor actually came out yesterday, I think she was talking to the New York Post board, she came out and said she's going to make moves to get on top of this DA, this defund the police guy, the easy parole guy in New York City. | ||
| Was that true? | ||
| I mean, I know it's true, but was this real? | ||
| I mean, is she really going to make moves? | ||
| Is that happy talk? | ||
| Look, she was face to face with the New York Post editorial board and we are reflecting the fury in the city at the law and order problem here and disorder problem. | ||
| And she knows, especially we've had two police officers shot dead in the last week. | ||
| That brings to a total of five shot police officers since Eric Adams took office. | ||
| So there is anarchy, as you say, in the streets and the people of New York have woken up and are wanting something to change. | ||
| And Alvin Bragg, this new woke prosecutor who on day one decided he was going to follow the lead of Chessa Boudin and all the other woke prosecutors around the country and just decriminalise a whole bunch of, including violent offences. | ||
| That he got met with a wall of hostility like only New Yorkers can provide. | ||
| So even Kathy Hochul has realized that she has to at least mouth the right platitudes. | ||
| And she certainly did that with us. | ||
| But I think the proof of the pudding is in the eating. | ||
| I don't feel that her heart is in it. | ||
| She's trying to do this softly, softly. | ||
| She wouldn't go into any details about, I mean, even Alvin Bragg is saying that he wants Albany to kind of rewrite some of their ridiculous bail reform laws that precipitated this disaster and sort of went under cover of the pandemic as they came in at the beginning of 2020. But it's really handcuffed the police and prosecutors are now not even | ||
| prosecuting crimes. So she has to use the power of her office to really monster this new DA in Manhattan and also to put pressure on her colleagues there in the capital to rewrite this bail reform law. | ||
| It is not in keeping with what New Yorkers want. | ||
| And it has just taken out the NYPD, the finest police force in the world, who created, thanks to Rudy Giuliani, the safest big city in America, now completely demoralized. | ||
| They are disempowered. | ||
| You see them standing around looking at their phones. | ||
| They can't do anything because they have lost their qualified immunity. | ||
| If they arrest someone and there's a complaint, they could lose their house. | ||
| That's what they tell you. | ||
| And you can go up to them and you can say to them that you just saw a crime being committed and there's zero interest. | ||
| Now I don't blame the NYPD, but we are paying a lot of money for this police force and they're getting killed. | ||
| They're retiring in droves, and you can't restore that. | ||
| Once the genie is out of the bottle, it's very difficult to put it back in. | ||
| It needs a really tough, concerted effort. | ||
| Somebody like Rudy Giuliani, and I don't think Eric Adams, he talked tough during the campaign, and then he came in and did absolutely nothing. | ||
| Five cops dead on his watch. | ||
| He and Hochul, all they're talking about at the moment, really, they seem intent on, is gun control. | ||
| Another Democratic talking point. | ||
| And the other thing Eric Adams said that would solve the crime problem in New York is to pass Build Back Better, Build Back Broke, I think, as you call it, Steve, in D.C. | ||
| All they're doing, these two Democrats, is following the party line. | ||
| And that is not going to help New York. | ||
| It needs to be New York first. | ||
| Forget about Joe Biden. | ||
| Miranda, how do people get to you in the book, The Laptop from Hell? | ||
| How do people get to you in the book and all your writings? | ||
| The book's in all good bookstores, and I'm on Twitter, Getter, at Miranda Devine. | ||
| Miranda, thank you so much for taking time today. | ||
| Come on, appreciate it. | ||
| Thanks, Steve. | ||
| OK, next. | ||
| You remember a couple of weeks ago they had the Politico piece that I pulled and went through in detail. | ||
| There's not often that a book comes out that is a seminal work that gets to the heart of what the problem is. | ||
| And it is a book that I think every American should get and should read. | ||
| The Lords of Easy Money, How the Federal Reserve Broke the American Economy. | ||
| And just over the last couple of days, you've seen all the focus on the Federal Reserve and what's going on, etc. | ||
| But this book is deeper than that. | ||
| It's deeper than just the current thing. | ||
| Not just a must-read, it is very important for people to understand this. | ||
| Because like I say all the time in here about cable news and the fighting that goes on, a lot of it's pro-wrestling. | ||
| It's actually a diversion, and we pride ourselves on being the signal, not the noise. | ||
| So I want to bring up Christopher Leonard. | ||
| And Christopher, first of all, here's what's so amazing, because I've talked to two pretty prominent hedge fund guys that have now got the book, that I've talked to for years, and they both say, and one is a Trump supporter and one is a super anti. | ||
| Trump guy. | ||
| Both of them said this is the book they thought they wish they had written. | ||
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So walk us through just the theory of your case. | |
| It starts off so powerfully and what's so powerful about it, we talk about this all the time, the Tea Party revolt that led to the sweeping 62 or 63 seat win in the House in 2010 and how it really didn't change anything. | ||
| His book starts off with this whole opening Almost like an operatic, you know, opening, right? | ||
| That lays out all the themes because at the same time, the day after the Tea Party sweep in 2010, the Federal Reserve met, the Board of Governors met and made a fundamental decision about its involvement. | ||
| So walk us through the thesis and we'll hold you over to the next break to get more detail. | ||
| What's your theory of the case in the Lords of Easy Money? | ||
| Well, thank you, and thank you for the obviously close reading of the book. | ||
| So, you know, you're exactly right that this book starts November 3rd, 2010, after the Tea Party comes into Congress. | ||
| But to me, what happened next is what is so important. | ||
| You know, the Federal Reserve, our central bank, really embarked on not just an experimental path, but I think it's very fair to say it embarked on a radical path. | ||
| That day, November 3rd. | ||
| So what did they do? | ||
| What am I talking about? | ||
| Well, at that time, you remember, we were emerging from the global financial crisis, economic growth was weak, and the Federal Reserve made this decision to push itself to the center of American economic affairs. | ||
| Okay, we always hear about the Fed raising interest rates or lowering interest rates. | ||
| And at that time, interest rates were as low as they could go. | ||
| They were at zero. | ||
| And economists thought that that was sort of the limit of the Fed's power. | ||
| You couldn't go any lower than zero. | ||
| But the chairman of the Fed at the time, Ben Bernanke, pushed for this experiment that they call quantitative easing, which, just to put it simply, is just truly accelerated money printing. | ||
| Okay, let's put it this way. | ||
| In the first century of its existence, the Fed printed about a trillion dollars. | ||
| And specifically, I'm talking about the monetary base, okay? | ||
| $900 billion is what the Fed printed in the first century of its existence. | ||
| But then, between 2008 and 2014, the Fed prints over $3 trillion. | ||
| So that's three centuries' worth of money printing in a few short years. | ||
| That's what drew me to this book is this recognition of, whoa, okay, we have seen a step change. | ||
| Chris, just hang on for one second. | ||
| Will you take a short commercial break? | ||
| We'll return. | ||
| It's the Lords of Easy Money. | ||
| Once you understand the centrality of the Federal Reserve in every part of your personal life, your community's life, the nation's life, And the global situation, the scales will start to fall off and you will understand the intersection of money and power. | ||
| All next in The War Room. | ||
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Let's take down the CCB! | |
| They have all... | ||
| 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. | ||
| OK, I don't know how to describe this, because I want to make sure we do this the right way. | ||
| If you look at the political situation in the 19th century with Andrew Jackson, a populist, and his fear about a central bank. | ||
| And even the whole fight between Jefferson, the Jeffersonian Democrats, and Hamilton, right? | ||
| This whole thing about the centrality of financial control in certain parts of the country, right? | ||
| So you look from Hamilton and Jefferson, those fights, if you look at Andrew Jackson, those fights, and then particularly look at the end of the 19th century, the greatest populist of all, William Jennings Bryan, right? | ||
| Bryan, and the Cross of Gold speech. | ||
| All of it, these massive debates in the 19th century about money. | ||
| About what is money, who controls money, what is the value of money? | ||
| Then the creation of the Federal Reserve, it becomes then outside of really a political conversation and into this area of the Federal Reserve. | ||
| And then later the Federal Reserve takes, against its own charter, just a direct controlling element into the American economy. | ||
| And we finally have a book that kind of goes through it. | ||
| Christopher Leonard's The Lords of Easy Money. | ||
| I cannot recommend, and particularly those people that are business folks. | ||
| I realize people are in hard times. | ||
| It's tough to buy books nowadays for much of our audience. | ||
| We will go through in the next couple weeks and describe this so you get a feel for it, the importance of it, and make sure that we get the word out. | ||
| But for those that are in the business community, those who can afford it, this is a must read because once you understand this, you'll get back to our theory of the signal versus the noise. | ||
| Because this is so central, and you're seeing it play out now, but kind of on a superficial level is the way that the business media talks about POW and interest rates and all that. | ||
| This gets to the bottom of it, of what's happening. | ||
| This is kind of this continual devaluation. | ||
| You can see the entire agony of the country and working class people and middle class people that have really had to see the country be destroyed as a manufacturing base and see the destruction of the middle class. | ||
| And you can't understand why. | ||
| How has this happened? | ||
| This book describes exactly how it happened, why it happened, and what the debates are at the time, and quite frankly many people are put by the media as being the heroes are actually not the heroes when you look at it, and people are denigrated as kind of cranks. | ||
| Cranks, I think, is the best word, turned out to be people that actually had the foresight and were warning about what was to come. | ||
| So take us back to 2010 when the Fed decided on this massive intervention into the American economy, and explain to people what quantitative easing is, why it was so important what happened and what went on. | ||
| Christopher yeah, I will and I really would like to underscore the point you just made about how the politics of money creation used to be Retail politics in the public square that quote from William Jennings Bryan that you shall not crucify mankind upon a cross of gold That was a monetary policy speech. | ||
| You know, this stuff used to be heated political debate, and that really changed, not just with the creation of the Federal Reserve in 1913, but I chart the course of this in a chapter called Fed Speak that really focuses on the Alan Greenspan era, when the leaders at the Fed worked very hard to Intentionally obscure what they were doing by making it sound 100 times more complicated than it really is. | ||
| Fed speak is the practice of getting up in front of Congress and just making sure that you don't make sense to ordinary people as you describe what you do. | ||
| And that kind of theory absolutely came to a head in November 2010 when the Fed launches this program called Quantitative Easing, a perfect example of Fed speak. | ||
| What does that even mean? | ||
| Well, let's talk about it mechanically, which will help us understand Why it has distorted the economy so dramatically, why it has dramatically widened income inequality, and why it has made our economic system so fragile with these massive asset bubbles that are teetering on the brink of collapse right now, and frankly, which would have collapsed back in 2020 if the Fed hadn't printed 300 years worth of money in a few months. | ||
| So, quantitative easing. | ||
| It's pretty simple. | ||
| The Fed has one superpower. | ||
| It can create new dollars out of thin air. | ||
| But it can only do that in one way, okay? | ||
| The Fed can't create money out there in the checking accounts of normal individuals. | ||
| The Fed creates money on Wall Street, inside the bank accounts of 24 institutions on Wall Street called primary dealers. | ||
| This is just a mechanical reality. | ||
| I toured the trading floor at the New York Fed where this transaction happens. | ||
| And here's how it works. | ||
| To execute quantitative easing, a Federal Reserve trader in New York will call up a primary dealer, let's say J.P. | ||
| Morgan, and they say, hey, J.P. | ||
| Morgan, we want to buy $8 billion worth of Treasury bills from you. | ||
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J.P. | |
| Morgan says, fine. | ||
| So then the Fed trader clacks on the keyboard of the computer and says, look in your reserve account. | ||
| Boom! | ||
| $8 billion appeared out of thin air. | ||
| That's how the Fed creates money. | ||
| And starting in 2010, the Fed executed transactions like that over and over and over again, until it had purchased $3.5 trillion in new assets, meaning it had printed $3.5 trillion on Wall Street. | ||
| I've gone back, I've read through all the internal debates, I've interviewed Ben Bernanke, Jay Powell, Janet Yellen, I've interviewed the governors who were involved in this. | ||
| What you see clearly is that when the Fed was doing this, it knew That the effect of this was going to be that it was going to inflate asset prices, OK? | ||
| When all that money pumped into Wall Street, it was going to create what we call a search for yield, or basically what you're going to have is all this money chasing assets and driving up those asset prices. | ||
| You know, Bernanke was hoping that this boom in the markets would benefit workers eventually by, you know, creating jobs or boosting productivity. | ||
| But those gains were just not realized. | ||
| Particularly not at the level of the boom in the asset market. | ||
| So this is why we had a decade of the 2010s, when the middle class was treading water, wages were stagnant, but you saw these asset markets simply exploding, breaking records every year, you know, the S&P doubling over the period of a decade. | ||
| And the concentration of wealth. | ||
| This is where the 1% got more wealth in that decade. | ||
| Again, I describe that as just a mechanical reality, and this is based on the Federal Reserve's own numbers. | ||
| 1% of the United States population, the richest 1%, owns 30% of the assets. | ||
| and financial assets? | ||
| Again, I describe that as just a mechanical reality, and this is based on the Federal Reserve's own numbers. | ||
| One percent of the United States population, the richest one percent, owns 30 percent of the assets. | ||
| Okay? | ||
| The top 10 percent owns 65 percent of the assets. | ||
| The bottom half of the wealth owners in America, okay, the bottom half of us who earn a lot of money through getting a paycheck, the bottom half owns only 5 percent of the assets. | ||
| So when you have a program that is seeking to drive economic growth by first and foremost driving up asset prices, you are by definition Widening the income gap and enriching the rich. | ||
| And you probably know this just as well as I do. | ||
| When you talk to the folks out there in the markets, the hedge funds, the private equity firms, they're literally making more money than they know what to do with in many cases. | ||
| This is the economy we've created. | ||
| I wanna just put up in there, because we're gonna have you back on to go more details. | ||
| But I wanna just put it in historical political perspective. | ||
|
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Bye. | |
| From the founding of the, remember, both the American and the French Revolution all started because of taxation and capital markets and bonds and, you know, from the French and Indian War, the Seven Year War, France's financing of the American Revolution, then into the founding of the Republic. | ||
| If you look at the great internal debates of John Adams and Jefferson versus Hamilton, Right, this whole discussion was about this concentration. | ||
| If the founders came back today, or the revolutionary generation came back today, given what they had fought about for the concentration of kind of wealth in England with the landed aristocracy and this new emerging kind of merchant class, the concentration of wealth that they thought corrupted Parliament, from the very beginning, from the revolution, Into the growth of the country with Jackson the populist, then into William Jennings Bryan and the industrialization of America. | ||
| This was, I would argue, one of the central debates, even the issues of slavery and labor and all that, this was the central debate, the central debate on this republic. | ||
| Because this republic was always supposed to be built upon the shoulders of working class and a middle class, not any concentration of wealth or power. | ||
| It's the whole reason they had this huge debate about New York City being both the capital and the financial center, eventually Washington, D.C. | ||
| It is the central political discussion of our republic. | ||
| And it was really taken away, and now that they've upped the game and become something even more than I think when they're in creation, it is the central issue here that we have to unwind. | ||
| Christopher? | ||
| You know, if I could, too, as a business reporter out here trying to cover our economy and write about the most important institutions, I sincerely think this is one of the most important issues we're facing today, the widening income inequality and the concentration of power and wealth in America. | ||
| Yes. | ||
| You know, the main character in the book is named Thomas Honig. | ||
| He was a president of the Federal Reserve Bank in Kansas City. | ||
| He really staked his entire career on trying to fight these policies. | ||
| And it wasn't because he was an inflation hawk or anything like that. | ||
| When you go back and read the actual transcripts, he was making this argument that if you pin interest rates at zero, If you print this money through quantitative easing, you are going to reallocate resources toward the rich. | ||
| You're going to hurt the working class. | ||
| He's exactly right. | ||
| That's exactly what happened. | ||
| And what's interesting to me is this guy, Hanag, came back to D.C. | ||
| later as vice chairman of the FDIC. | ||
| OK, so he's a big bank regulator. | ||
| And this guy got up in front of a big seminar of bankers and he said, If we keep doing what we're doing, and Americans see that we're bailing out capital, we're bailing out the biggest of the big banks, but we're sort of leaving workers to fend for themselves, there's going to be a social effect. | ||
| People lose faith in institutions, they feel like the system is rigged against them, and so these issues of banking and finance really quickly do bleed over into social stability. | ||
| Not bleed over. | ||
| It's the Harvard. | ||
| A short commercial break. | ||
| If you stay over just for one more, at least the beginning of the segment. | ||
| I want to make sure everybody can get to the book. | ||
| Christopher Leonard, the book is the Lords of Easy Money. | ||
| We got a lot to cover. | ||
| Gotta hold him over. | ||
| Be back in a moment. | ||
|
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Spread the word all through Hong Kong. | |
| We will fight till they're all gone. | ||
| We rejoice when there's no more. | ||
| Let's take down the CCP. | ||
| War Room Pandemic with Stephen K. Bannon. | ||
| The epidemic is a demon and we cannot let this demon hide. | ||
| War Room Pandemic. | ||
| Here's your host Stephen K. Bannon. | ||
| Okay, go to MyPillow.com, promo code WARROOM. | ||
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| You've got to put in promo code WARROOM, MyPillow.com. | ||
| We've got a lot to get through. | ||
| So, Christopher, this is hopefully the first of many, but I want people Are you – because this is central to the issue, Dan. | ||
| I realize in the last segment some people are getting a little bit lost. | ||
| We're going to explain it and get this. | ||
| This book is very accessible. | ||
| It's very accessible to understand this, but this is I think the central problem we have today around everything else, and it's got to be understood by working class and middle class people. | ||
| Changes will start to happen, but you've got to understand it first. | ||
| The book is the Lords of Easy Money. | ||
| Christopher, are you giving any kind of public... I realize we've got COVID, but the book, by the way, has shockingly been positively reviewed in the Wall Street Journal, the Financial Times of London, and the New York Times, which is pretty shocking. | ||
|
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But you would think that they would be taking the side of the Fed here. | |
| How do people get to you on social media? | ||
| How do they get to the whatever landing site you've got for the book or website for the book? | ||
| And then how do they actually get to the book? | ||
| You bet. | ||
| And I realize a lot of this stuff is a mouthful and the real mission of this book is to break this down inside a story. | ||
| So that you can read a quick easy story at night when you're tired after work and at the end of it have a very clear idea of what the Fed is doing and what it's done to our economy and I got a great email from a trucker who'd been reading it on the road at night and said he finally understood the Fed and that meant more to me than all the positive reviews if I'm being honest and I can be found at ChristopherLeonard.biz Or I'm on Twitter. | ||
| I've got a holdover name from my Associated Press days. | ||
| See Leonard News at Twitter. | ||
| But you can find me at Christopher Leonard or ChristopherLeonard.biz. | ||
| The Lords of Easy Money. | ||
| How the Federal Reserve, wait for it, broke the American economy. | ||
| It is shocking, stunning, and seminal. | ||
| Must read. | ||
| Christopher Leonard, thank you very much for joining us. | ||
| Thank you! | ||
| Appreciate it. | ||
| Okay, I want everybody to get that book. | ||
| And we're going to be talking about this a lot, particularly given where we are with the economy. | ||
| Can I get Ben Burke? | ||
| I got Peter Navarro. | ||
| I got to get a Peter. | ||
| Ben, I'm a little pressed for time, but tell us, you're down today on the Mayorkas watch, but also you're down there with Border Patrol and other heroes. | ||
| Give us an update of what's going on. | ||
| Thanks Steve. | ||
| Just real quick to honor Special Agent Sergeant Salas. | ||
| They're actually having his funeral tomorrow in El Paso and we're here at the Clint Border Patrol Station. | ||
| Secretary Mayorkas came down, salt in the wound, and basically just spit in the face of all the American people, the great people that live down here, legal immigrants. | ||
| He's down here doing a tour now. | ||
| We're here when he came in. | ||
| He's still in the city of El Paso, excuse me, outside of El Paso. | ||
| We're at Clint, but I'm here with Irene Armendades Jackson, who's running for Congress, and her husband, Bill Jackson, who's former border patrol from this station, retired last month, and I want to just hand it over to them and give them an opportunity to talk about why they're so upset with Mayorkas and Joe Biden. | ||
|
unidentified
|
Well, first of all, thank you so much for holding the line. | |
| And I just want America to understand that Hispanics in El Paso are not liberal leftists, that we are very conservative when it comes to faith, family, our finances. | ||
| I come from a very hardworking family. | ||
| They taught us the value of hard work. | ||
| You earn everything. | ||
| You don't get anything for free and I'm very angry at the not just my orcas but at Biden and the entire administration because my parents came here the right way and a lot of my family came here the right way and now we're saying and and spitting in their faces and saying it doesn't matter you just come in if you're in line You're at the back of the line now because, of course, they're holding up the system. | ||
| And this endangers, first and foremost, the people that live on the border. | ||
| I know we have a big border, but El Paso has been neglected not only by the Democrats, but the Republicans as well have completely ignored us. | ||
| And now America, I hope, understands how important the border is. | ||
| And that's why I'm running. | ||
| I'm tired of people like Robert Francis O'Rourke and Veronica Escobar Saying that everybody here in El Paso is like them. | ||
| We value life. | ||
| We value hard work. | ||
| We value America. | ||
| I'm thankful for all of my freedoms. | ||
| And I want to make sure that we preserve them for our children and our grandchildren. | ||
| And Irene, Bill, you were in the Border Patrol. | ||
| Go ahead, Steve. | ||
| Yeah, we've got to bounce. | ||
| Real quickly, she's running for Congress. | ||
| How do we get to her website? | ||
|
unidentified
|
Ireneforcongress.com Real easy one. | |
| Bill, we've got 60 seconds. | ||
| Let's get Bill in. | ||
| But I want to make sure everybody gets, let's push it out and make sure everybody gets to her site to find out about her run for Congress. | ||
| Hey Bill. | ||
| And Bill, 60 seconds. | ||
| As a former Border Patrol agent, what would you say to your Border Patrol officers that are still out there fighting the American people? | ||
|
unidentified
|
Keep fighting. | |
| This country means too much to let it go to the hands of people that wish to do it harm. | ||
| Every day we get up and go to work. | ||
| For the common good and for the safety and security of our nation. | ||
| We don't do it because of anybody's pat on the back. | ||
| We don't do it for any excessive amount of money. | ||
| We do it strictly to be able to preserve the freedom that we've come to expect in this country. | ||
| And so, be assured, America, that your agents, the Border Patrol, and all agents out on the border today fight for you. | ||
| Thank you, sir. | ||
| And to all of the Border Patrol out there, we stand with you. | ||
| This audience stands with you. | ||
| America, that is American patriot right there. | ||
| And Irene, God bless you for taking the fight. | ||
| Let's get everybody to get to Irene's site and check it out today. | ||
| Just incredible. | ||
| Ben, thank you so much. | ||
| Ben Berquam, Real America's Voice, down in Clinton, Texas, near El Paso. | ||
| Let's get Ben. | ||
| We've got to get Ben back on this afternoon. | ||
| We're running a little behind time. | ||
| I want to bring in Navarro. | ||
| Peter, we've got a lot to get through. | ||
| I know we've got to talk about vaccines. | ||
| We've got to talk about the Fed. | ||
| But I've got to ask you, once again, you and Cortez have been all over the stagflation. | ||
| And you said, hey, it's inflation. | ||
| It's the two I's. | ||
| Immigration, illegal immigration, and inflation. | ||
| When you see Mayorkas down there right now, your blood must boil because you were one of the architects of the border policies that helped working class Hispanics and African Americans in this country and stopped the flooding of cheap, illegal labor in this country. | ||
| Peter Navarro. | ||
| Steve, we had the problem solved. | ||
| I remember with Pat Cipollone, the White House legal counsel, that day in the White House where the boss was literally tearing his hair out trying to figure out how to stop that immigration. | ||
| And Pat says, hey, can we use tariffs? | ||
| And we threatened Mexico with tariffs. | ||
| Mexico responded in 24 hours with literally an army of troops at the border, but more importantly, the safe third kind of thing where they would keep The immigrants on their side of the border. | ||
| We doubled that down in the Northern Triangle. | ||
| Guatemala, Honduras and El Salvador, they signed agreements. | ||
| We had it done. | ||
| Biden basically violated the the Hippocratic Oath applied to border security when you do no harm. | ||
| He basically, if he just done nothing, if he just done nothing on the border, everything would be fine right now. | ||
| Instead, he undid what we did in the Trump administration. | ||
| We have what we have. | ||
| Economically, Steve, the people who are at the front lines, of that invasion, and it is an invasion, are the blue-collar, black-and-brown Americans. | ||
| In the middle of what I regard to be the worst economic problems we are facing in the history of my life, we're sending two million people across the border in a single year to depress wages of service workers, blue-collar, black-and-brown Americans. | ||
| At a time when we've got stagflation pushing prices up. | ||
| So, chaos and anarchy, Wall Street, meanwhile, is trying to sort all that out. | ||
| But hang on, hang on. | ||
| I'm going to get to Chris Leonard and the easy money, but I've got to go back. | ||
| The handoff from the Trump administration, and you and the economic plan and President Trump, and as Cortez keeps saying, The handoff could have been better. | ||
| Even given a CCP, PLA, Wuhan military lab bioweapon, even going through that, you had a perfect handoff. | ||
| If he had just done nothing, we wouldn't be in this calamity today. | ||
| a a a ccp p l a uh... wuhan uh... you know military lab by a weapon yeah even that going through that you had a perfect handoff if he had just done nothing done nothing yeah we would be in this clarity that they had all that is the tragedy and and And you know, I've got the Wuhan lab behind me. | ||
| I really want to talk quickly. | ||
| In Trump Time podcast, I break this down about this article that just came out that basically sticks a fork in the vaccine mandate as well as the quasi vaccines themselves from Pfizer and Moderna. | ||
| Remember, these are not vaccines. | ||
| They're quasi vaccines that are based on experimental gene therapy. | ||
| Now, here's what's interesting, Steve, and this is devastating. | ||
| What the research now finds, databased from a researcher from MIT, is basically that these quasi-vaccines do two things. | ||
| One is they really screw up the whole immune system, and that's why we're experiencing a lot of people suffering severe consequences from these things. | ||
| And number two, there's this thing where they don't appear to stimulate any kind of T-cell immunity. | ||
| Now, quickly, B-cell, B as in boy, B-cell immunity, that's the antibodies that you can get in the short run when you immediately get sick or when you get jabbed with this thing. | ||
| They last for a little bit, like a week, a month, or 90 days, or whatever. | ||
| That can be fine, okay, but what you really want for herd immunity is this broader T-cell, broad-spectrum immunity, and by design, by design, Steve, we're not getting T-cell immunity. | ||
| I go back to Tony Fauci. | ||
| I blame Tony Fauci for this. | ||
| He didn't tell us that the virus was genetically engineered from the Wuhan lab. | ||
| We didn't go to the Chinese Communist Party. | ||
| and demand the original genome. | ||
| And because of that, we designed these quasi-vaccines in a very, very primitive way. | ||
| I came across an article by a guy named Mark Hellerstein, a virologist at Berkeley, who said in 2020, as these things were going through phase trials, it's like, hey, hey, hey, you shouldn't be focusing just on the antibodies. | ||
| Bad things can happen. | ||
| You should focus on T-cell immunities. | ||
| That advice was ignored. | ||
| Bottom line, Steve, we've got these quasi-vaccines that are doing two things. | ||
| They're basically not creating long-term immunity, so it's booster, booster, booster, and in the short term, They're interacting in a way which is creating disease, not protection from disease. | ||
| So I urge everybody to read this article in ResearchGate. | ||
| Go to my podcast. | ||
| You'll get all the details on it. | ||
| But this is huge, Steve. | ||
| I can't tell you how big this is. | ||
| Hang on. | ||
| I'm going to keep you through the break so I don't go into more details. | ||
| What we're going to put up, we've got Navar's podcast, and we'll link to that to make sure everybody sees it. | ||
| In addition, you've got the MIT, from the MIT research team and others. | ||
| It's a group effort. | ||
| And then there's Epoch. | ||
| Epoch Times has a great piece about this, so we'll get to all of them. | ||
| Peter, the question I've got back is, I've got economic questions and Lord of Easy Money, the Fed, and you've been at the forefront of this Fed fiasco. | ||
| And the thing about this book that you'll love, I mean, he really goes in the J-PAL being Carlisle Group and Private Equity. | ||
| Great segment, by the way. | ||
| Great segment, Steve. | ||
| It's because it's preaching what you've been talking about, and now we're trying to get down to the bottom of it. | ||
| But I want to make sure that we also, when we come back, talk to people about how it screws up the immune system. | ||
| I just want to make sure because the left's going to be all over us. | ||
| This is more fantasy. | ||
| This is more misinformation. | ||
| This is all documented. | ||
| We're going to lay out all the documents that you can get to through Dr. Peter Navarro. | ||
| Okay, short commercial break. | ||
|
unidentified
|
break. Dr. Navarro, join us on the other side in the War Room. | |
| We're taking down the CCP. Spread the word all through Hong Kong. We will fight till they're all gone. We rejoice when there's no more. Let's take down the CCP. | ||
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| Join Getter. | ||
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| It's time to cancel, cancel culture. | ||
| By the way, I love Ghetto, but man do I hate the music in that spot. | ||
| I gotta work with the Ghetto team. | ||
| I can't play it anymore. | ||
| It's so low energy. | ||
| It's sad. | ||
| It's for such a great social app. | ||
| We're gonna get back to Peter, but I gotta do a Fauci poll here so Peter can respond to it. | ||
| Make sure you go to MyPillow.com. | ||
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| Also, we've partnered, because this is a spiritual war, we've partnered with Lee Greenwood and his team. | ||
| What is it? | ||
| Usabible.com. | ||
| Usabible.com. | ||
| I think it's myusabible.com. | ||
| Let's get it up on all the platforms, on the Chiron. | ||
| Go there today, you get the King James Version of the Old and New Testament, you've got the Declaration of Independence, the Bill of Rights, the Constitution, the Pledge of Allegiance, all of it in one piece. | ||
| And so you can talk to the family about it, talk to the children about it, about these divinely inspired documents that are in association with the Bible, the holy word of God. | ||
| Okay, can we play Fauci, because I want to have Peter, we only got about five minutes here, but I gotta have Navarro, given everything that's in Trump time in the book and on his podcast, I gotta have him respond to Tony Fauci. | ||
| Let's play it. | ||
| It looked like the dose and the regimen for the children who were six months to 24 months worked well, but it turned out that the other dose, namely the other group from 24 months to four years did not yet reach the level of non-inferiority. | ||
|
unidentified
|
So the studies are continued. | |
| It looks like it will be a three-dose regimen. | ||
| He's just, I mean, Peter, I think he's listening to you and Dr. Malone. | ||
| He's obviously doing the opposite. | ||
| I mean, they got their hands on the babies now. | ||
| Oh, by the way, it's a three-dose shot. | ||
|
unidentified
|
Dude, he's got his hands on the babies. | |
| Walk me through this madness, because your three-part piece with Dr. Malone has said, hey, this was always meant for targeted, for the elderly, for diabetes, for obesity, certain minority groups, targeted interventions, including with the experimental gene therapy. | ||
|
unidentified
|
Dr. Peter Navarro. | |
| Steve, as the data comes out, and you and I are always data and science-based, we learn more and more that nobody, nobody should be given this quasi-vaccine other than senior citizens and people with comorbidities who need some kind of short-run protection. | ||
| What we're seeing here in this, let me give you the title, Innate Immune Suppression by SARS-CoV-2 mRNA Vaccinations. | ||
| That's the article by Stephanie Seneff. | ||
| Uh, at ResearchGate. | ||
| What it says, Steve, is simply that by design, by design, these experimental gene therapies at the get-go were not designed in a way to provoke long-term T-cell immunity. | ||
| So you can't use them to get to herd immunity because they don't provide you protection down the road. | ||
| They're leaky, as Malone would say. | ||
| But the other thing that's so disturbing about this, Tony Fauci, you friggin' listening? | ||
| Can you read any more, dude, instead of just going on TV and flapping your lips? | ||
| What this article says is that there's a very different response from this quasi-vax in the human body to actual infection. | ||
| Actual infection, you get a healthy immune response, T-cell immunities. | ||
| With this vax, with this spike protein, you're getting what they call impairment. | ||
| What impairment means is it opens you, who take that thing, to a wide range of diseases. | ||
| The science couldn't be more clear on this. | ||
| This is what is so friggin' disturbing about Tony Fauci, Joe Biden, Macron in France, the friggin' Australian Gestapo police. | ||
| Read the friggin' science! | ||
| Why do I have to be, as a PhD in economics, read the science and be able to understand it better than Tony Fauci? | ||
| But it's not the first time. | ||
| The first time I ever met that little dude, January 28, 2020, he was wrong, I was right. | ||
| Every time he's wrong, Steve, he's killing people. | ||
| And the idea of jabbing babies, I mean, how can you read this research? | ||
| It's just insane. | ||
| And this guy, Mark Hellerstein, I'm telling you, I read this thing today, I was looking up, you know, what's this, what's going on here? | ||
| And it's like in 2020, well before the vaccine was approved, Hellerstein's saying, hey, if You gotta be careful. | ||
| If you just use these primitive spike proteins, bad things can happen. | ||
| I get back to this, Steve. | ||
| The reliable mission of Tony Fauci prevented us from getting the original Gene Jones, which prevented us from developing the sophisticated, true vaccine that's killing people. | ||
| Real quickly, should NBC be sending billions of dollars to the criminal organization, the CCP and Xi, without us having the genome sequence? | ||
| Yes or no? | ||
| Of course not! | ||
| We should be pounding on the table. | ||
| The problem is, the genie's out of the bottle. | ||
| I mean, as Hatfield and Malone will tell you, the mutations we have now look nothing like that original genome. | ||
| Our only hope now is therapeutics, herd immunity. | ||
| This vaccine, I'm giving it to kids. | ||
| Come on, every mother and father listening to this needs to read that article. | ||
| It's accessible. | ||
| I mean, read the article. | ||
| Listen to my In Trump Time podcast. | ||
| It's all there, Steve. | ||
| This is so dangerous. | ||
| How do people get to the podcast? | ||
| How do they get to your site for everything, for 3 November, for this, for everything we were in Trump Time? | ||
| We've got 30 seconds. | ||
| Real P. Navarro at Getter, the Twitter killer. | ||
| It's posted there. | ||
| But you can go directly to Apple Podcasts and the In Trump Time podcast. | ||
| And I don't want to be pushing the podcast, but it does have a simple explanation that's appended to this complex article. | ||
| I'm telling you, Steve, this is big. | ||
| This is the end of the vaccine mandates if people take this seriously. | ||
| I want to go to... He's not pushing the podcast. | ||
| I only mentioned it 10 times. | ||
| Navar, I love you brother. | ||
| Be back here at 5 o'clock today. | ||
| Everything I know I learned from you! |
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