March 7, 2022 - Bannon's War Room
48:45
Participants
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| Speaker | Time | Text |
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unidentified
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Oh! | |
| Oh! | ||
| Yeeah! | ||
| Woo! | ||
| Yebany! | ||
| Yebany! | ||
| Woo! | ||
| You know, one thing that I want to point out is that, you know, there is a lot of talk about the unpredictability of Putin and I, in a way, don't agree with it because I think he has been, what he is doing now has been in plain sight coming for the past, you know, whatever, 20, over 20 years. | ||
| His platform to the Russian society and to the world has been making Russia great in his in in the Russian reality it was more about lifting Russia off its knees and what we're witnessing now is a is very predictable this is where the quest for greatness ends with war that you know an aggression that can't be contained within certain borders it's bound | ||
| ...to boil over, and in this case, what we're witnessing, it boiled over to attack a nation with which Russia has very close historical, cultural, um, bonds. | ||
| It's bad news. | ||
| 200 children were taken away, a small peaceful population. | ||
| Money. | ||
| f**k this sh** Stay there! | ||
| All right. | ||
|
unidentified
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Yes. | |
| No, no, no. | ||
| Okay. | ||
| No, no, no, no. Okay. All Western companies must withdraw from Russia and quote on humanitarian So what's your response to that? | ||
| Well, I think that there's probably a very good case to be made for that. | ||
| I have no doubt that many of the companies that are still operating there are going to pull out if this war continues. | ||
| One thing we have to remember, though, is that as the West pulls away from Russia, China is moving in to fill that void. | ||
| And this is something that was happening even before war in Ukraine, that Russia and China were doing a lot more Trade together, oil deals, all of that done in Chinese currency versus dollars. | ||
| And this is something that China very much wants. | ||
| They want to de-dollarize the world to try and reduce the power of the dollar because as you see at times like this, there's a lot of power in the dollar and in U.S.-led financial systems. | ||
| Right. | ||
| But I will just say that there is a connection between what we are trying to do domestically and what we are trying to do internationally. | ||
| Let me give you three ways that that's the case. | ||
| First of all, democracy. | ||
| We are both in the European Union and with the war on Ukraine, the aggression of Russia on Ukraine. | ||
| And here in the United States, we are trying to show that democracy works. | ||
| We cannot allow suppression of votes domestically, nor can we allow dictators in Europe or anywhere in the world to take over. | ||
| So that is a real connection. | ||
| Secondly, if we ever want to be truly free of the ability of dictators to blackmail us over oil and gas, we should be investing right here at home in renewable energy technologies. | ||
| We should be weaning ourselves of fossil fuels so that this situation that we're in— Does not happen again in terms of, you know, feeling like we can't stop Russian oil and gas imports because it's going to drive up prices here at home. | ||
| By the way, no matter what we do, prices of gas are going to go up. | ||
| So any Republicans who try to say that it's drill baby drill and that solves the problem, it's wrong. | ||
| That is not the case. | ||
| We are going to see gas prices rise, but it is in service to trying to quell a dictator. | ||
| And finally, if we want democracy to work, Tiffany, then we've also got to show that we don't have these massive inequalities of wealth and income, which is why we need to lower the cost of childcare, lower the cost of housing, lower the cost of prescription drugs, so that we can show people that it actually matters to have a democratic country, a country that invests in everybody. | ||
| So that's how I see these two things going hand in hand together, and it's why we're not going to stop working on the domestic agenda. | ||
| Yeah, and you know, there are some through lines here. | ||
| You know, I look at what's happening in Ukraine, and I see, you know, democracy can be a fragile thing, and it feels a bit fragile in America right now. | ||
| We're seeing, you know, the Republican Party bleeded by a thousand cuts with rampant voter suppression. | ||
| The Florida Republican-controlled state legislature just advanced a bill that was pushed by the Republican mayor, Ron DeSantis, Florida man, who would create a police force dedicated to pursuing election crimes. | ||
| This is not a thing. | ||
| So it's not lost on me that we're in a midterm election year. | ||
| Russia has previously tried to attack our democracy by sowing discord here in the United States, hacking into some of our democratic systems. | ||
| Monday, the 7th of March, the Year of Our Lord 2022, all the madness coming. | ||
| We got information warfare, we have cyber warfare, we have economic warfare, and we have kinetic war all coming together. | ||
| We got the truckers here on the Beltway in the Imperial City of Washington, D.C. | ||
| We have the precinct committee strategy has been shut down in the state of Arizona by a Republican We're going to get to all that. | ||
| We've got a ton of stuff to get to today. | ||
| It is absolutely packed. | ||
| We've got all the Pfizer files. | ||
| Naomi Wolf is going to talk about how we're doing a great job of crowdsourcing that. | ||
| So a lot to get to, but we've got to start with the global capital markets, with the economy, with what's happening to try to draw the United States in Into this into this expanding war in in Eurasia and the key part there was the Chinese part of course. | ||
| She said the quiet part out loud. | ||
| They equate Putin with the with the Republican Party in particular the MAGA movement. | ||
| I mean she couldn't have been clearer about how she made the connection here. | ||
| And they should understand something. | ||
| Democracy is very healthy in this country. | ||
| In fact, we're going to destroy the Democratic Party on November 8th with something called the ballot box. | ||
| OK, and we're going to do it up and down the ticket. | ||
| We've got a new strategic partnership and another hour of war room tonight. | ||
| War room will not just be five to five to six. | ||
| It's going to span to six to seven specifically called War Room Battleground. | ||
| That'll focus specifically on the destruction of the Democratic Party on November 8th of this year. | ||
| Up and down the ballots and all the battleground not just battleground states But the districts and also secretaries of state school boards all of us, so that'll premiere tonight Right here, so I want to get to Ben Harnwell. | ||
| There's been a major development This morning you wouldn't know it from the mainstream media because they're not talking about except for Reuters reporting it out of Moscow I've got Peter Navarro. | ||
| I got Steve Cortez. | ||
| I'm gonna bring both those guys in but I want to go to Harnwell in Rome What happened here a little while ago? | ||
| The Russians put forward what they would do to call off the dogs, Ben Harnwell? | ||
| Morning, Steve. | ||
| Yes, well, I'm going to talk now about how the globalist military-industrial complex seems to be determined to snatch defeat from the jaws of victory. | ||
| And what Reuters have apparently done, and I'm half being facetious here, is they seem to have broken a worldwide embargo on what Russia's actual And here it is, here are the points that Russia is asking for. | ||
| about these ongoing ceasefire discussions, but I've not seen anywhere reported what the substance of Russia's conditions are, and yet Reuters now has broken it, and it's pretty much crickets from the rest of the mainstream media. | ||
| And here it is, here are the points that Russia is asking for. | ||
| To cease military action, to change its constitution to enshrine neutrality with regards to joining other blocs, which is obviously in first place NATO, but also in brackets one supposes the European Union. | ||
| To acknowledge Crimea as Russian territory and to recognise the separatist republics of Donetsk and Lugansk as independent territories. | ||
| And that is it. | ||
| And Russia has said if Ukraine does this, then Russia will cease immediately its military engagement in Ukraine. | ||
| And the surprising thing is... Sorry, go ahead. | ||
| No, no, I want to know, what is the Times of London, the Financial Times, all the big papers, all the big media, BBC, are they reporting this non-stop? | ||
| Well, one would hope so, but sadly not. | ||
| What the mainstream media worldwide seems to be intent on doing is pushing forward this tidal wave of propaganda indicating that Ukraine is on the verge of victory in this war. | ||
| And if only NATO and the Americans and Poland were to equip Ukraine with fighter jets, then it will all be over very quickly. | ||
| Which is an astonishing thing for them to be doing, because militarily it would be difficult to see, with the other principal powers remaining out of this, how Ukraine can win this engagement against Russia. | ||
| Well, Zelensky yesterday, I mean, Zelensky, and they don't play this enough. | ||
| Zelensky, they're playing with Zelensky who's got an AK, he's got a rifle in his hand, and he's sitting there, you know, cheering people on to continue to fight, and he's being heroic in that way, where he's president of the country. | ||
| But they don't show, when he gets on, and he not just harangues the West, he says what we've been saying all along. | ||
| That he calls the West out, the EU, NATO, and particularly the United States, for cowardice, for not coming to their aid, from promising them to making commitments. | ||
| I mean, yesterday he couldn't have been more brutal and more frank in saying that we need your support, you promised your support, and you're cowardly not to give it. | ||
| And you see these clips very briefly, and then they're put in the memory hole. | ||
| And what you see is a rally cry. | ||
| So I'm not I'm not opining to what these four, are they good or bad? | ||
| My point is that those are out there and the mainstream media are not reporting. | ||
| Reuters is reporting it from Moscow, right? | ||
| Because I guess the spokesman reiterated it. | ||
| But I don't know. | ||
| You look at you look at Marco Rubio. | ||
| I think it's embarrassing. | ||
| And this is what's most embarrassing to me and most telling. | ||
| Is the Republicans, I mean, Marco Rubio is acting like a fanboy. | ||
| I mean, Zelensky, they're doing this conference call, and he's not supposed to show anything, but he's putting it out there and just fanboying the entire time. | ||
| And if you look at Fox, it's non-stop. | ||
| The emotions of this, all the emotions, and I mean, Fox is gone. | ||
| This is worse than Fox was in the Iraq War. | ||
| Remember, Fox was terrible in the Iraq War. | ||
| If you were against the Iraq War, Fox was terrible. | ||
| They cheerleaded that thing on from day one. | ||
| So, and they, to me, they're doing, in this case, far more cheerleading to get involved here, militarily, right, than anybody. | ||
| Okay, Ben, just hang on for one second. | ||
| I want to bring in Navarro and Cortes. | ||
| We're going to get to the economics in a moment, because the world of commodity markets, capital markets, gasoline, $7 a gallon in California right now. | ||
| Peter Navarro, your assessment of what Russia's putting forward here, sir? | ||
| Well, it could be interpreted as the war's not going well for Russia and they're trying to get out with grace, but we know that's what they've wanted all along. | ||
| If I were the Ukrainians, I wouldn't trust them even if I told them all of that. | ||
| They would just come back for more. | ||
| That's the way the world works. | ||
| But for me, the whole backdrop now, let me just show you a quick chart here. | ||
| This is the stagflationary storm that's engulfing us as these things go out. | ||
| On the one hand, you've got these fragile supply chains. | ||
| We've learned that we can't rely on foreigners for our stuff. | ||
| This is leading to transport delays and hoarding. | ||
| This is interesting, Steve. | ||
| And as a result, we're getting huge inventory buildups, right? | ||
| That's your first sign that a recession may be coming. | ||
| In the middle of the chart, we've got this quartet of shocks, which are essentially stag shocks. | ||
| Cost push, exogenous shocks, we got oil price shocks, selective wage shocks, even though wages are going down for most people in certain industries, they're going up. | ||
| Food price shocks and global trade shocks as trades down. | ||
| And then on the right side of the chart, we got stagnant wages. | ||
| This is frightening. | ||
| This means that consumers right now, Steve, are dissaving, dissaving in order to maintain their lifestyle. | ||
| And that doesn't last long, because they run their savings down to zero. | ||
| We have the lockdowns, and we've got all sorts of people retiring early for pandemic and lockdown reasons. | ||
| So this is the context behind the fact that the markets are down. | ||
| We had rising yields today. | ||
| And as this unfolds, we're looking at recession, inflation coming at us like a freight train as Putin's tanks roll. | ||
| Hang on one second. | ||
| Let's take a short commercial break. | ||
| We're in return. | ||
| We've got Steve Cortez. | ||
| Ben Harnwell in Rome, Dr. Peter Navarro will go through it all next in the war room. | ||
| China is escalating economic war against Russia and it is bringing us nothing but chaos and hyperinflation. | ||
| Let's look at some of the numbers. | ||
| Crude oil hit $130 a barrel overnight. | ||
| To put that in context, when Donald Trump was still president, Election Day in 2020, when America was energy dominant, Crude oil was $41 a barrel. | ||
| Let's look at wheat because I think food prices may be even more consequential than the terrible energy situation. | ||
| When Biden was inaugurated, wheat traded for just over $6 per bushel. | ||
| By Thanksgiving, this past Thanksgiving, it had already gotten to well above $8 because of his Inflationary policies. | ||
| It now soars limit up in futures trading all the way to $12.60. | ||
| Wheat has doubled. | ||
| One of the main reasons? | ||
| Because Russia is dominant in global fertilizer markets. | ||
| Russia and Belarus, its ally, together they control 40% of the global potash trade. | ||
| They also control two-thirds of the ammonium nitrate trade. | ||
| So, there is a fertilizer crisis which is producing a food crisis added to the energy crisis. | ||
| This is the chaotic world of Joe Biden and the progressive left. | ||
| Okay, we got we got Cortez and Navarro who are going to walk you through the economics, how it's going to impact your life. | ||
| We're going to get back to Peter's chart in a minute. | ||
| Before I do that, Steve, let me ask you, the terms that Reuters is reporting That are the Russian terms. | ||
| What's your first take on that? | ||
| Listen, my first take is that they're very reasonable terms. | ||
| Now, that's obviously not up to me. | ||
| I don't think it's up to any American. | ||
| It's up to the Ukrainians, right, to decide. | ||
| But I don't think they have much of a choice at this point if the United States and NATO make it clear that we are not going to help them escalate this war even further, that the world is already paying enough in terms of economic consequences. There has already been enough death and misery in Ukraine itself. | ||
| What Russia is now offering is nothing surprising here. In fact, if anything, if there's a surprise, it's that Putin isn't demanding more, that he's not demanding Odessa, that he's not trying to tell Ukraine they have to completely demilitarize. | ||
| He's simply saying, as he has said for a very long time, they cannot be part of NATO. | ||
| These eastern provinces should be independent. And that Crimea, which it already effectively is, Let's recognize that it is part of Russia. | ||
| Now look, are these kind and benign terms? | ||
| No. | ||
| Putin is a gangster and a thug. | ||
| But this is a regional showdown of gangster states, because yes, Ukraine is also a gangster state, in which America has no vital national interest, and I think this is a time... Oh, oh, oh, please, please, please, what are you saying? | ||
| It's Athens at the beginning of democracy. | ||
| You know, Zelensky's Thoska please, right? | ||
| Yeah, that's why the Biden... He's so long, he's so long, right? | ||
| What did you say? | ||
| They're the fourth most corrupt nation in the world on the people that... Russia's seven, so don't... That's not Jeffersonian Democrats over there. | ||
| It's two of the most corrupt nations on earth, all run by oligarchs. | ||
| Two gangster states fighting each other. | ||
| One happens to be a lot stronger than the other. | ||
| And so they're going to get to largely dictate the terms, I think, to end this fighting, which would be good for them and would be good for the world. | ||
| But by the way, if you don't believe me about them being a gangster state, all you need to do is look at which American politicians have been generously rewarded and paid directly by the Ukrainians, by Ukrainian oligarchs who are every bit as corrupt as any Russian oligarchs. | ||
| And we're talking of course about Joe Biden via his son who operated as a bag man for him in Kiev to collect millions of dollars for the Biden cartel. | ||
| And we're talking of course about Hillary Clinton and the Clinton Global Initiative. | ||
| Ukraine was the number one foreign source of money when she was secretary of state via their oligarchs for that slush fund which pretended to be a charity. | ||
| So the worst elements, the most corrupt elements of American politics have long used Ukraine, an incredibly corrupt country, as effectively a piggy bank. | ||
| And who has paid the price? | ||
| Well, the hardworking citizens of both of those countries. | ||
| And what we're doing right now, in terms of, I know we're going to get more into the economics, but I think a lot of Americans perhaps don't yet realize just how much we're already involved in this war, Steve. | ||
| We are in this war. | ||
| Yes, we're not shooting, thankfully, and I hope we never get there to the kinetic side, but we have already embarked upon a currency war against the Russian people, an economic war against Russia, and I would argue against American citizens. | ||
| The consequences, the ramifications have been dire, We are at war. | ||
| It's the 2022 version of war, not 1918. | ||
| And I hope we don't get to the 1918 part. | ||
| It's time to de-escalate what Russia has put on the table. | ||
| To me, it's very, very reasonable. | ||
| That should be up to the Ukrainians. | ||
| But they're only going to make the rational choice, Steve, if America and Brussels and Paris and London make it clear to them, we are not coming to save you. | ||
| Well, you know, Brussels is pushing this, this EU and the NATO, and it's now time, and look, if that's the terms, who knows? | ||
| I'm sure he's gonna, I can't imagine that he would walk away from a battlefield, winds like Odessa and the whole land bridge in the south and control the ports, but we'll see. | ||
| But here's the point, on the information war part, the mainstream media's not even talking about that. | ||
| All you're getting is, all you're getting is people being bombed, which is horrific. | ||
| But they're gonna continue to be bombed because the West They're talking about sending MiGs to Poland and the MiGs would go in and we'd send these arms. | ||
| That's all needs to be, guys need to be trained on it. | ||
| You just can't walk in there and all of a sudden you're implementing your own no-fly zone. | ||
| It's all fantasy. | ||
| And that's the loose talk of the Republicans this weekend, what I call the fanboys, who are caught up in the emotions of it. | ||
| You've got to look at this with a tough eye. | ||
| And I want to make sure that all the left is going to go crazy. | ||
| We call it gangster state. | ||
| That is, the people that assess this said it's the fourth most corrupt nation in the world. | ||
| Now think about that for a second. | ||
| Think of some of the nations in the world near the fourth most corrupt. | ||
| In Russia, the seventh most corrupt. | ||
| Because it's all oligarchs over there. | ||
| That's oligarchy. | ||
| And Steve, think about this too. | ||
| How much we, unfortunately, are responsible for this situation and this tragedy. | ||
|
unidentified
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And what I mean by that is because we have absolutely lied to both sides for decades, right? | |
| They want to be stealing with both hands. | ||
| Yes, sir. | ||
| How much we, unfortunately, are responsible for this situation and this tragedy. | ||
| And what I mean by that is because we have absolutely lied to both sides for decades, right? | ||
| We promised Russia that we are not going to expand NATO eastward. | ||
| We have done nothing but expanded eastward ever since. | ||
| And we also diluted the poor Ukrainians into the idea, into the seduction that they could someday be NATO members, which was never going to happen, and that if they gave up their nukes that we were going to protect them. | ||
| Now, all of those were lies, lies to both sides. | ||
| By the way, speaking of playing both sides. | ||
| We're playing both sides right now. | ||
| Today, Biden is buying fuel from the Russians, funding the Russian war machine with petrodollars. | ||
| At the same time, we're sending direct aid to Kiev. | ||
| Okay, so what I'm saying is let's get rational. | ||
| Let's realize no vital American interest here. | ||
| Let's stop trying to treat the world Yes. | ||
| as a chessboard because the consequences typically are dire for America, especially when we try to play the game of regime change, which has been so disastrous for the world, disastrous for America. | ||
| That's what we're doing via this currency war against Russia. | ||
| And right now, the power brokers in Washington and in Brussels do not care about the consequences for working class people who are facing a food and energy crisis because of these attempts at regime change within Russia to topple Putin. | ||
| That's exactly what we're doing on the currency war, and that's why they're moving quickly to de-dollarize as much of the world's trying to do right now with Beijing being the winner Also, I want to tell you, we're funding the oligarchs. | ||
| You want to stop funding the oligarchs, really? | ||
| Stop buying oil and gas from them. | ||
| And you've got the Democratic Party saying, you know, this is the time we should build more windmills, more solar panels. | ||
| I think we've got to start pumping and become full-spectrum energy dominant. | ||
| Peter Navarro, back to your chart. | ||
| I want to make sure people understand, this is throwing napalm onto a dumpster fire that the American economy already was under Biden. | ||
| But now this thing's going to spin out of control. | ||
| You're going to see $7 gas, right? | ||
| You're going to see, as Cortez is saying, when you say limit up on wheat futures, that means they stopped the process, right, Steve? | ||
| Trading is done. | ||
| Trading is closed. | ||
| It's a break that the markets, you know, very rarely use. | ||
| It's a break that the futures markets put on because things have gotten so chaotic and disorderly that you literally have to call it, it's a timeout. | ||
| It's a timeout for financial markets. | ||
| So heat went, limit off, can't go any higher for the day. | ||
| Go ahead, Peter, jump in. | ||
| Yeah, let me just quickly walk through these charts because, Steve, you hit the nail on the head here. | ||
| What I'm going to show you here is a stagflationary storm that's coming that would have come even if Russia had not invaded Ukraine, okay? | ||
| That's the subtext for this. | ||
| We got so many problems that Cortez has been documenting for so many months now. | ||
| So let me walk you through this here. | ||
| If you go to the left side of the chart, there's a whole problem with our supply chains. | ||
| We got the memo, like, stop relying on foreigners. | ||
| Because of these fragile supply chains, we've had congestion, transport delays, and what we've seen now is, writ large, corporations actually hoarding. | ||
| They're over-ordering. | ||
| And now, all of a sudden, because the economy's slowing down, we've got inventory build-ups. | ||
| So that is basically a recessionary trigger. | ||
| On the other side, The chart, we got stagnant real wages, which are harming consumers. | ||
| We got the lockdowns, which are leading to labor market distortions. | ||
| And we got all sorts of people over 50 or who don't want the vaccine, who have left the labor market, which means lower production and higher pressures in the economy. | ||
| And in the middle, it's the mother of all stagflationary problems. | ||
| You've got the four shocks, right? | ||
| Oil, Food, because of the oil in a lot of ways, and the fragile supply chains, you got selective wage shocks in certain sectors, and then a reduction in global trade. | ||
| And as Cortes would tell you, all that adds up to a recession clearly coming. | ||
| In the context of a virulent inflation that we already have, and a Federal Reserve now, which is backing off, Steve, backing off from raising interest rates on the grounds that Ukraine is now in a war. | ||
| So, as your viewers watch and listen to this show, remember, even without Russia and Ukraine right now, we were headed for the mother of all stagflations. | ||
| When you throw this on top of that, You virtually guarantee this is coming, Steve. | ||
| The Steve's. | ||
| I got the Steve's here. | ||
| Okay, here's what we got. | ||
| Yeah, Steve's. | ||
| Okay, hang on for a second. | ||
| I'm going to get you and Cortez through the break. | ||
| I know you're in a hurry. | ||
| One of them has a getter account with that name. | ||
|
unidentified
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Ha ha. | |
| He's higher up in the food chain! | ||
| His stuff's better! | ||
|
unidentified
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He's got the Chalk Talks! | |
| He's got the Chalk Talks! | ||
|
unidentified
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This is not who Steve is on this show! | |
| When we say Steve, we know who that is now! | ||
| Okay, short commercial break. | ||
| We'll come back on Capital Markets. | ||
| And we're going to come back, we're going to come back and get the wrap-up from these two geniuses, and we're going to go to Arizona about what's happening out there to shut down this. | ||
| Also, we got the truckers, the Beltway. | ||
| 400 rigs I'm hearing, getting ready to roll around the Beltway in Washington, D.C. | ||
| The Imperial Capitol. | ||
| We'll be back to the war room in just a moment War room. | ||
|
unidentified
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Pandemic. | |
| With Stephen K. Banham. | ||
|
unidentified
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The epidemic is a demon and we cannot let this demon hide. | |
| War Room. | ||
| Pandemic. | ||
| Here's your host, Stephen K. Bannon. | ||
| Okay, MyPella.com, promo code War Room, make sure you need it. | ||
| Everybody needs a great night's sleep, not a good night's sleep anymore, a great night's sleep, because you're manning the ramparts. | ||
| The Third World War is upon us, the economic war that the Chinese Communist Party has been running on us, and the information war is now spread. | ||
| They're the senior partner in this episode on the Eurasian landmass, and that's the problem we've got. | ||
| We're going to get to that in a second. | ||
| They're underwriting and supporting and backing everything that their mini-me Russia is doing right now. | ||
| We have forced Russia into their arms, and I'm telling you, we're going to pay a massive price for that. | ||
| And I have been an advocate from day one. | ||
| Remember, I am sanctioned. | ||
| You talk about oligarchs being sanctioned. | ||
| I'm sanctioned by the Chinese Communist Party, and I wear it as a badge of honor. | ||
| They're the biggest criminal network in the world. | ||
| Pompeo? | ||
| Deputy National Security Advisor Matt Pottinger, our own Dr. Peter Navarro, and Stephen K. Bannon, your humble servant here at the War Room. | ||
| We're sanctioned. | ||
| Why? | ||
| Because we have a pretty strong, straight philosophy. | ||
| Take down the CCP, okay? | ||
| They're a criminal organization. | ||
| Much of the economic war That going on is stuff that Navar and I recommended from day one and I have been adamant about needs to be done. | ||
| Once you take that down, Persia falls, the gangsters in the KGB fall, it all falls, right? | ||
| They're the bank of the bad guys right now and built upon your tax dollars and your pension funds. | ||
| Just remember that. | ||
| Part of the Greek tragedy here, you know, the once an eagle asked when it was stuck by a arrow, by my own hand I am smitten, right? | ||
| That is what here, this is once an eagle situation with the Chinese Communist Party. | ||
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| You get to Arizona, as soon as Mike Lindell endorses and Trump endorses the precinct strategy, guess what? | ||
| The hammer drops. | ||
| Cortez, China, the CCP, right? | ||
| We're playing into their hands. | ||
| You've got guys all week in McFaul, the clown that used to be Ambassador McFaul, the clown that used to be the ambassador to Moscow under Obama, I think it was. | ||
| He's sitting there, oh, we've got to get China involved. | ||
| They're all pleading for China. | ||
| All want China involved. | ||
| They all want China to bail them out here, right? | ||
| And China's just sitting there laughing at us. | ||
| They haven't condemned any of this. | ||
| China offers role as peacemaker. | ||
| Well, I gotta tell you, this war in Ukraine, we have no vital national security interest in this whatsoever, and I dare Rick Scott, and I dare Marco Rubio, I dare anybody to come up here and convince me they do. | ||
| Let's walk through what's the vital national security interest. | ||
| Not your fanboyism around Zelensky, right? | ||
| Not being a fanboy, but talking about hard realities. | ||
| In the South China Sea and Taiwan, that is a vital national security interest for the United States. | ||
| It's Silicon Valley West. | ||
| Steve Cortez. | ||
| Steve, Taiwan is the epicenter of global chip production. | ||
| It is Silicon Valley West. | ||
| And by the way, if you think that you have trouble as American consumers right now finding the goods that you want and need, refrigerators, televisions, cars, etc., imagine a war with Taiwan. | ||
| You're not getting it at all. | ||
| Forget about getting it on delay. | ||
| And here's the reality, is that China clearly is eyeing Taiwan right now. | ||
| Because of what's going on in the world. | ||
| China sees an historic opportunity for it to try to de-dollarize, right? | ||
| To dethrone King Dollar, something that a process I believe sadly has begun. | ||
| But, you know, as I often say, don't take my word for it. | ||
| Let's look at the data. | ||
| Let's look at financial markets. | ||
| Taiwan Semiconductor. | ||
| I really believe this is the best gauge to watch for what global capital assesses as the risks to Taiwan. | ||
| And if we put a chart up of that, of Taiwan Semiconductor, it's of course based there, but it trades here in the United States as well. | ||
| Under the ticker TSM. | ||
| And I think it's important for the posse out there. | ||
| If you want to have a market gauge of what the markets believe is the rising risk regarding Taiwan, look at this chart. | ||
| That is just this year. | ||
| So that is just 2022 year to date. | ||
| Taiwan Semiconductor just weeks ago was trading for $145 a share. | ||
| When I made that chart that was pre-opening, it got it all the way down to 103. | ||
| It is now at 100. | ||
| it is now at 100. | ||
| So it has gone down $45 or 31% in about seven weeks from the January highs. | ||
| So clearly, investors via Taiwan Semiconductor are telling us that they are very, very concerned about the health, about the even safety of the chip business in Taiwan. | ||
| So don't fall asleep on this aspect of the global crisis. | ||
| This to me is the far more dangerous, far more potentially impactful fallout Steve, how do people follow you? | ||
| and from having a feckless, rudderless, and largely senile commander in chief, Joe Biden, who illegitimately got that role. These are the consequences of that stolen election, these kinds of risks. And you're exactly right, Steve. Look, Ukraine, economically speaking, is irrelevant to the United States. It really is. Taiwan is critical to the United States. | ||
| Steve, how do people follow you? How do they get to the Chalk Talks and all the rest of it? | ||
| Find me on Getter, please, where I have Steve, and then follow me on Twitter at CortezSteveCortez with an S. Thank you, brother. | ||
| Peter Navarro, observations regarding the CCP and what Steve Cortez just said. | ||
| Well, this is a great opportunity, unfortunately, for the CCP. | ||
| They always are very good at exploring chaos. | ||
| I noted with great interest this morning the announcement that Chinese credit card companies are going to be moving in to replace MasterCard, Visa, Amex, and PayPal. | ||
| And look, when I was in the White House, we had opportunities to sanction Communist China to bring North Korea under control. | ||
| We could have shut down North Korea in seven days if the Communist Chinese had been appropriately sanctioned. | ||
| Okay, they had that much power. | ||
| We did not have the courage to do that. | ||
| We did not have the courage to sanction them when they went into Hong Kong. | ||
| I had a great plan to basically shut down the Hong Kong clearinghouses, which were the conduits for foreign and American capital, including American pension fund capital, To the mainland of China. | ||
| Here we've got a case now where not only is Communist China going to take every drop of oil that Europe and the West are going to basically stop buying, China's going to move in part of the de-dollarization and become the credit card of choice. | ||
| That's going to be rubles, yuan trading. | ||
| We're playing checkers in a chess world at the White House. | ||
| Elections have consequences. | ||
| I believe it was somebody famous that said stolen elections have catastrophic consequences. | ||
| And Steve, you're exactly right on that. | ||
| And remember, Russia has the largest landmass in the world of any country. | ||
| Think about that. | ||
| And a big part of that landmass is Siberia, which is kind of the mother load Here's what it's going to be. | ||
| And if you wed Siberia with the Chinese Communist Party factory floor, which is the kind of the grand vision, the world is going to be just incredibly disadvantaged. | ||
|
unidentified
|
Yeah, go ahead. | |
| Here's what it's going to be. | ||
| It's going to be a very different world. | ||
| We have created this is this feckless Biden administration coupled with the party of Davos, coupled with Brussels, coupled with all of them. | ||
| capital market. | ||
| They have forced this to happen. | ||
| OK, and we're going to rue the day we're making China stronger. | ||
| The New York Times had this article over the weekend written by the Australian bureau head of the Times about, we're fighting, we said that they're fighting to preserve the post-war international liberal rules-based order. | ||
| And what the article didn't mention whatsoever is that the Chinese Communist Party, that thing sounds good in theory, in reality the Chinese Communist Party gamed it with the partners in the City of London and Wall Street and in Davos to become an economic superpower. | ||
| On your nickel. | ||
| And how can you continue to defend a system that works to the disadvantage of American workers, and American families, and the United States of America, and American citizens? | ||
| This is what we're going to hammer on every day. | ||
| Okay? | ||
| The boys and girls in this country are not going to be sent by their parents to go die on foreign battlefields to preserve this. | ||
| Because this was the apparatus that the Chinese Communist Party sat there and said, these idiots, they will actually finance us. | ||
| What did Lenin say? | ||
| The capitalists will pay for the rope that we'll hang them with. | ||
| And that's exactly what happened here. | ||
| And these people, the post-war international rules-based order is a scam right now. | ||
| It's supported by the deplorables. | ||
| It's their sons and daughters that enforce all the security guarantees. | ||
| It's your money in the pension funds and your tax dollars that they're ripping off, right? | ||
| You're supporting a system That has totally stripped you of all your manufacturing, all your good jobs, and you expect the American people to defend that? | ||
| No. | ||
| We're gonna have, we're gonna restructure that. | ||
| And the way that we restructure it is you take, you bite the head off the snake, and the head off the snake is the Chinese Communist Party. | ||
| No Lindsey Graham, it's not assassinating Putin, okay? | ||
| Because they're playing that on Russian TV all day long. | ||
| The show that Putin's on. | ||
| I've already said that these guys are out to have regime change. | ||
| I've already said they're out to kill your leaders. | ||
| And you got Lindsey Graham half in the bag on the Hannity Show. | ||
| They ought to have a rule there. | ||
| You can't be half drunk going on a show. | ||
| Navarro, we've got to wrap up. | ||
| Give us your social media. | ||
| How do people track you down? | ||
| Yeah, just let me pat you and Cortez on the back. | ||
| That TSM semiconductor stock, as a leading indicator of China trying to take Taiwan in a war, is friggin' genius. | ||
| That's why you get better financial news on Steve Bannon's war room off times than you do on Bloomberg. | ||
| Or CNBC or Fox Business. | ||
| That is genius. | ||
|
unidentified
|
Off times. Off times. Off times. | |
| But look, for your viewers and listeners, that's the kind of thing that you deliver here, Steve. | ||
| That is genius. | ||
| And I just wanted to give Cortez a pat on the back there. | ||
| Anyway, let's kill Twitter. | ||
| This is the shadow banner of the world. | ||
| It's the grand censor for the woke left. | ||
| The way to do that? | ||
| Yes. | ||
| Getter. | ||
| I'm on it. | ||
| Real Pinovaro. | ||
| Cortez is on it. | ||
| And Steve. | ||
|
unidentified
|
And I get a kick out of that every time. | |
| I'm the only one. | ||
| It's only social media. | ||
| Getter. | ||
| And there it is. | ||
| But here we are. | ||
| And it's all yours. | ||
| Thank you very much, and by the way, signal not noise is Taiwan, and that's why Taiwan's semiconductors lost a third of its value. | ||
| The most powerful and best semiconductor maker in the world, maybe Intel argued about that a little bit, but a third of its value, because guess what? | ||
| The storm clouds of war are now all over the South China Sea in Taiwan, and that one we're going to have to step up to, right? | ||
| Economic war, cyber war, information war, and unfortunately, maybe kinetic. | ||
| You know, a wise young man, maybe I wasn't so young, in 2015 on Breitbart Radio, I said, hey, when they did the thing with the Japanese, I said, if we don't stand up in the South China Sea and have these guys stop, Joe Biden was VP, have them stop building these islands, We're going to be in a shooting war in the South China Sea within five to seven years. | ||
| So I still got six months on that. | ||
| Navarro, thank you very much. | ||
| Thank you, brother. | ||
| By the way, if you think the enemy is the Democratic Party or the Wall Street guys or anything like that, the Republican establishment They literally detest everything the grassroots and everything the Trump movement stands for. | ||
| And what I'm going to do, we're going to take a short break. | ||
| We get back, we got Dan Schultz and Boris. | ||
| Dan Schultz is going to, you know, the precinct committee strategy, Dan Schultz and Stern, we got President Trump to write a very nice thing on the thing he puts out, supporting the precinct strategy. | ||
| This is good. | ||
| People are getting engaged and involved. | ||
| And, what, five days, and Mike Lindell came out, I support this, this is fantastic. | ||
| What, five days after that was out, the Arizona Legislature, in an emergency session, passed a law, and it was signed the same day, that banned the precinct strategy in the state of Arizona. | ||
| All done by the RINOs. | ||
| With, quite frankly, votes from MAGA too, and we're going to get into all of it next. | ||
| We've got Dan Schultz, Boris Epstein, all of it. | ||
| Short commercial break, back in the room in a moment. | ||
|
unidentified
|
War Room. | |
| Pandemic. | ||
| With Stephen K. Bannon. | ||
| The epidemic is a demon and we cannot let this demon hide. | ||
| War Room. | ||
| Pandemic. | ||
| Okay, welcome back. | ||
| More than ever, we have to understand that the railhead of all this is spiritual war. | ||
| We've got a partnership now with the marketing group around, partnering with Lee Greenwood for the God Bless the USA Bible. | ||
| What this is, is a King James Version of the Bible. | ||
| With the founding documents and with our founding documents, King James Version, you've got the Declaration of Independence, you've got the Constitution, the Bill of Rights, the Pledge of Allegiance, all in one leather-bound source. | ||
| You can use it as every night to read, particularly to your children or grandchildren or to yourself or to your family. | ||
| And make sure they understand what this is all about. | ||
| Right now, I've got to tell you, it is a time for fasting and for prayer. | ||
| There's no doubt about that. | ||
| This is as serious as it gets and we're going into dark days. | ||
| We're spinning into dark days quickly. | ||
| So God bless the USABible.com. | ||
| When you go put in promo code worm, you get free shipping and handling. | ||
| So you get free shipping handling. | ||
| Make sure you put in promo code worm when you go there. | ||
| Just check it out. | ||
| See if it's see if it's right for you. | ||
| Okay, before I go to a Dan Schultz, we got a lot going on. | ||
| We got we got, you know, we got the truckers. | ||
| We've got Arizona with the precinct strategy. | ||
| We got so much going on, but I got to go back to Ben Harnwell. | ||
| Ben, breaking news with the Chinese. | ||
| China just told us what they thought of the war room's stand on this. | ||
| What's the breaking news out of China, sir? | ||
| Yeah, in fact, Steve, you know, just listening to Dr. Navarro and Steve Cortez, they're basically laying out exactly what and why China's reacted in this way. | ||
| So Foreign Minister Wang Yi said basically a short while ago that the accused The U.S. | ||
| of trying to build what he called a Pacific version of NATO and saying that the security disputes over Taiwan and Ukraine were not comparable at all. | ||
| And he also said that the real goal of the U.S.' 's Indo-Pacific strategy was to form Asia's answer to NATO. | ||
| So I think it's an example of tying all these things together. | ||
| China is clearly laying out its position here. | ||
| Everybody in this audience ought to be very focused on what's going on in the South China Sea and in Taiwan. | ||
| That is a vital national security interest of our United States. | ||
| And I'm telling you, if they try to hit Taiwan, even with cyber or with some sort of economic war, information war, this is where you lose 30 percent. | ||
| This is where the stock market goes down 30 percent. | ||
| OK, this is where we go into not just a massive recession. | ||
| It could be worse than that. | ||
| And we have stumbled down this road for many, many decades. | ||
| We have stumbled down this road many, many decades with many of the elites in this country making all their money off this partnership with the Chinese Communist Party. | ||
| I have said this now for 10 years, right? | ||
| I've been all over this. | ||
| And we're coming to decision day on this thing. | ||
| And that's why people, particularly Republicans on Capitol Hill, have to start thinking and sounding like adults, not like fanboys. | ||
| Okay, you can't sound like a fanboy. | ||
| Okay, Ben, can we have Ben hang out? | ||
| I got Pesobic in the next hour. | ||
| I want to bring you back in, so just hang with us and we'll be back to you. | ||
| We'll drop you for now and pick you back up. | ||
| I want to go out to Arizona and Dan Schultz. | ||
| There's a huge story. | ||
| You know, we've partnered now with Star News Network. | ||
| They're now a partner of ours. | ||
| We're going to be inextricably linked with putting their stories up, talking about what they're doing. | ||
| We've got this new show that's going to premiere tonight at 6 o'clock, right after the 5 p.m. | ||
| War Room pandemic. | ||
| It's called War Room Battlegrounds, specifically focused on the politics of 2022. | ||
| And to be brutally frank about it, the destruction of the Democratic Party up and down ballot. | ||
| Right. | ||
| Not just not just the federal level, not just the House and the Senate. | ||
| We're going to be very involved in that. | ||
| Very focused, particularly in the House. | ||
| We have a hyper local village by village strategy here that's working and we see it's working the Rio Grande Valley. | ||
| We see it's working across the country. | ||
| to the mothers taking over the school boards, all of it. | ||
| We have a hyper-local, village-by-village strategy here that's working. | ||
| And we see it's working in the Rio Grande Valley, we see it's working across the country. | ||
| You saw it work in Virginia. | ||
| Dan Schultz is the leader of getting people involved in the Republican Party. | ||
| President Trump endorsed this. | ||
| Mike Lindell came and endorsed it. | ||
| Other big names in the MAGA movement came and endorsed it. | ||
| Love the idea of people with no money just going and getting involved. | ||
| And man, the Arizona, the McCain crowd out there and the Reiners out there moved rapidly to shut this down. | ||
| It's absolutely stunning what they did. | ||
| I want to bring in Dan Schultz. | ||
| Dan, you've got a couple minutes here. | ||
| I'll hold you through the break. | ||
| Walk us through exactly what happened, sir. | ||
|
unidentified
|
Um, well, on Thursday of this past week, you know, four days after this announcement by Donald Trump, all of a sudden, out of the blue, the next day, around four o'clock, I get phone calls and emails from people saying, Dan, they did away with the precinct committeeman in Arizona. | |
| I go, you know, excuse me, what? | ||
| I don't believe it. | ||
| Are you sure? | ||
| Did you really read the bill and all of that? | ||
| And eventually I got a copy of the bill and I read it and it sure looks like it happened. | ||
| So last night we were on a Twitter Spaces call with Karen Fann. | ||
| She came on for nine minutes, took no questions, and just talked. | ||
| And this is what she said. | ||
| This is a takeaway that I wrote down. | ||
| This law does not change anything about precinct committeeman. | ||
| And then out of the other side of her mouth, she said, but we are going to fix it on Monday morning at 830. | ||
| We're going to fix it. | ||
| Well, if it didn't change anything, what do you have to fix? | ||
| We've now gone to a system where we are the only state in the union, as far as I know, currently, that will not allow for the election of precinct committeemen by the voters. | ||
| Instead, it's a top down The county chairs or a committee of the county chairs, the legacy chairs, they will appoint a single precinct committeeman. | ||
|
unidentified
|
They will appoint them and they have full discretion, full power, who to appoint. | |
| Why? | ||
| It doesn't make any sense to me. | ||
| It's only last for the 2022 election. | ||
| The good news is that we now know that Um, because all of the, most of the Republicans, they all voted for it, except Michelle Udenti-Rita. | ||
| She didn't, she didn't cast a vote. | ||
| Every other Republican voted for it. | ||
| And then, and then now all of a sudden they're saying, well, uh, I can't believe we did this. | ||
| I cannot believe we did this, which means they, they, they didn't read the bill. | ||
| They voted for the bill without, without, so now we know that Republicans that we elect in our state legislature pass bills that they don't read. | ||
| That's problematic. | ||
| Um... | ||
| But the silver lining is this, we now know that we're going to continue to be in existence through the primary system, and we can get out to vote for other people instead of these incumbents. | ||
| Hang on, I'm holding you through the break. | ||
| I got Boris, we got Naomi Wolf, we got Jack Posobiec, we're packed in the second hour. | ||
| Just hang in there, strap in. | ||
| A lot to go through. | ||
| We're going to talk about this Arizona debacle, and that's what it was, after a short commercial break. |
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