April 12, 2022 - Bannon's War Room
48:36
Participants
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Well the virus has now killed more than a hundred people in China and new cases have been confirmed around the world. | |
| So 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, then the worst happens. | ||
|
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War Room. | |
| Pandemic. | ||
| Here's your host, Stephen K. Banham. | ||
| OK, it's Monday, 11 April. | ||
| The Year of Our Lord 2022 is the beginning of Passover and Holy Week. | ||
| So Passover week and Holy Week start. | ||
| We had Ben Harnwell from the Vatican today. | ||
| We have a lot more every day this week. | ||
| We're going to have specials on on Holy Thursday. | ||
| We're going to have specials on Good Friday, special on Easter, on Holy Saturday. | ||
| So a lot going on this week. | ||
| I want to start from the sublime to the less sublime, and that would be the Michigan case, the preamble to the 6th of January fedsurrection. | ||
| I want to bring in Julie Kelly from American Greatness. | ||
| We're going to get to Steve Cortez in a moment to talk about your finances, because they're about to get crushed by some numbers that are coming out tomorrow morning. | ||
| We're going to get to all that in a second. | ||
| Julie Kelly, you're writing a piece we're going to have, we're going to profile that tomorrow. | ||
| About the chain of title here and who's responsible. | ||
| But get our audience up to date. | ||
| This was a stunning defeat for the FBI in DOJ. | ||
| And I want to make sure we put it in perspective, particularly regarding 6 January. | ||
| Ma'am, Julie Kelly from American Greatness. | ||
| It's really shocking to me still that this verdict came down last Friday, that this jury in Western Michigan | ||
| Despite the testimony of at least a dozen, maybe 15 FBI agents, undercover agents, experts, and the key informant, despite having everything on its side, the government, the judge siding with DOJ numerous occasions, withholding evidence from the jury, nothing unlawful, just his orders, withholding evidence, | ||
| Uh, withholding testimony from other defense witnesses, which would explain this entrapment case that nonetheless, with everything on their side, these 12 patriotic Americans rejected the government's case, basically found the FBI guilty of entrapment. | ||
| They acquitted two of the men who have been charged on federal conspiracy to kidnap charges, as well as weapons of mass destruction charges. | ||
| Two men got hungry. | ||
| Prosecutors are retrying these two men who have been in prison for the past year and a half. | ||
| But there's no there there. | ||
| This was such a massive blow to this case, to Christopher Wray, to Merrick Garland, to his prosecutors, but more importantly, to this idea that domestic violent terrorists, right-wing terrorists, pose such a national security threat, Steve, that the FBI has to make up a case to prove or try to show | ||
| That domestic terrorists loyal to Donald Trump are a greater threat than foreign terrorists like Al Qaeda, ISIS and other nefarious actors. | ||
| Well, what they're trying to do is make it there are no domestic terrorists. | ||
| They're trying to say these people are domestic terrorists. | ||
| Come on and prove it. | ||
| Remember, this case was kidnapping and attempted a plot to assassinate Whitmer. | ||
| Weapons of mass destruction and storming and taking over the Capitol. | ||
| It was the full menu. | ||
| And this is what we're not going to, and I can't wait till you have your article out tomorrow, this is what we're not going to give up on. | ||
| This dominated the news cycle in October of 2020 in the run-up to the election. | ||
| Remember, they suppressed and lied about the Hunter Biden hard drive. | ||
| They made up, out of whole cloth, this. | ||
| Think of what they would do to remove Donald Trump. | ||
| We're not going to let people forget this. | ||
| This is, by the way, raise culpable, Bar is culpable. | ||
| Merrick Garland would be ashamed of himself to even let this thing go forward. | ||
| This was a full face plant. | ||
| A jury said rejected everything with all the restriction it had on it. | ||
| The defense had two hands tied behind their back. | ||
| They were a punching bag. | ||
| And still a jury said, out of here, no. | ||
| This is, and they've made up this concept, they've made it up, I don't care if the mainstream media melts down, they've made it up, that parents that go to school boards are domestic terrorists. | ||
| That these guys that go out practicing, target practicing, are domestic terrorists. | ||
| That's all nonsense. | ||
| Prove it. | ||
| And prove it not with your entrapment, not with your FBI agents. | ||
| If the FBI, if the FBI and DOJ think they're off the hook, they've got another thing coming. | ||
| Preserve your documents. | ||
| This is all going to be drilled down on in hearings, okay? | ||
| And you expect criminal referrals from 6th January? | ||
| Give me a break. | ||
| I'm bored already, okay? | ||
| You're going to get big league criminal referrals out of this. | ||
| No, seriously, I'm bored. | ||
| Dick Cheney in drag. | ||
| Dick Cheney in drag I'm seeing all the time on TV. | ||
| Liz Cheney. | ||
| The Dick Cheney mini-me. | ||
| War criminal Dick Cheney mini-me. | ||
| This is outrageous. | ||
| And of course the mainstream media that was non-stop, this was every night, Rachel Maddow, boom, boom, boom, because Whitmer, that's the girl, right? | ||
| She's the cover bid for Kamala Harris for VP. | ||
| She's on the short list for 2024. | ||
| The ticket could be Newsom and Whitmer. | ||
| It could very well be Newsom and Whitmer. | ||
| Or Whitmer and Newsom. | ||
| Pickle, right? | ||
| So Julie Kelly, and by the way, the mainstream media ran from this thing. | ||
| They didn't even say anybody to the court. | ||
| From being wall-to-wall coverage, was it really anybody out there except for maybe some AP stringer and somebody from Reuters? | ||
| No, the headlines, the news coverage disappeared as soon as these defense attorneys, God bless them, public defenders and court-appointed defenders, public appointed attorneys Uh, who built this very compelling case of FBI entrapment starting last summer and all these court motions explaining the dozen, at least one dozen FBI undercover agents and informants who were not just running out of the Michigan Detroit FBI field office. | ||
| Steve, this was a multi-state operation involving numerous FBI field offices in the Eastern half of the country. | ||
| It involved the use of drones of airplanes. | ||
| Extensive surveillance recordings of these defendants for months. | ||
| And even though they had all of this going for them, like I said, this jury completely rejected it. | ||
| So to your point, we need to have people, I know we say this over and over, held accountable because Steve, this was a section interference once again by the FBI. | ||
| The timing of this couldn't have been worse for Trump. | ||
| It created nonstop headlines. | ||
| Joe Biden made the most of it, ranting on the campaign trail about how Donald Trump incites domestic terrorists. | ||
| Gretchen Whitmer, MSNBC, CNN, she was on Meet the Press, all the Sunday shows every weekend leading up to election day. | ||
| We'll never know how many votes were changed or influenced by this completely fabricated hoax, just like Russiagate. | ||
| But of course, the difference is in 2020, millions of people were voting early. | ||
| As these headlines were dominating the news cycle. | ||
| Chris Wray and Bill Barr were picked by Donald Trump. | ||
| Chris Wray is a Christie guy, right? | ||
| Christie pushed him non-stop. | ||
| And Bill Barr is a Bush guy. | ||
| This is what they get you. | ||
| If Chris Wray was a man of honor, he would resign. | ||
| Make sure that you understand is that Chris Wray's got a complete team on this. | ||
| Drones, multiple field offices, all kind of guy gets a promotion and goes to D.C. | ||
| They got dozens and dozens and dozens of FBI people that talk about this every time, highly coordinated. | ||
| Gates asked, the head of cyber for FBI, what's the code number? | ||
| Where do you log in? | ||
| You've got the laptop from hell under lock and key. | ||
| I don't know where it is. | ||
| No, no, no. | ||
| You've got it under lock and key, because I don't know where it is. | ||
| No, you actually have it, because you're the head, so I never heard of it. | ||
| I don't know where it is. | ||
| That's your FBI. | ||
| The FBI does not take, they don't, hey, we took it in December 19th, I don't know, does he have it? | ||
| I don't know, does he have it? | ||
| Did that guy take it home? | ||
| I don't know. | ||
| Yet you have multiple offices going after some guy that's living in the basement of next to the Mexican restaurant sleeping on a couch down in the basement. | ||
| And oh, it's all domestic terrorism. | ||
| And Whitmer's up there with the big crocodile tears. | ||
| She's crying. | ||
| They're going to assassinate me. | ||
| They're going to tie me up and throw me in Lake Michigan. | ||
| It's all crap. | ||
| It's all lies. | ||
| Julie Kelly's coming out and dropping the hammer tomorrow on the chain of command of who's responsible, okay? | ||
| We'll get into that tomorrow. | ||
| But don't think this is going to go away. | ||
| We're not going to let it go away. | ||
| And I know Trump's not going to let it go away, and the people in the Trump movement are not going to let it go away. | ||
| This is going to be, hello, McCarthy. | ||
| It's not political. | ||
| We're not impeaching Biden. | ||
| We're not going to impeach Biden for political reasons. | ||
| We're having a sweeping victory in November. | ||
| That's politics. | ||
| After that, it's accountability. | ||
| It's high crimes and misdemeanors. | ||
| That's why we're going after Biden. | ||
| High crimes and misdemeanors. | ||
| I read in the document. | ||
| Oh yeah, the Constitution. | ||
| High crimes and misdemeanors. | ||
| Has nothing to do with politics. | ||
| Politics is on November 8th. | ||
| That's when we destroy the Democratic Party. | ||
| Root and branch. | ||
| And this is one of the reasons we destroy them. | ||
| They have to be taken apart. | ||
| Every parent goes to a school board. | ||
| You're a domestic terrorist. | ||
| Look at what they did to those guys up in Michigan. | ||
| Thank God for the jury of their peers. | ||
| Julie Kelly. | ||
| Thank God they had a jury in Western Michigan and not Washington, D.C. | ||
| because, as you know, the January 6th defendants are not going to get a fair trial from a jury of their peers. | ||
| But I really commend these juries. | ||
| Even though he sided with the government numerous times, I think very fairly. | ||
| And again, God bless these defense attorneys who have defended these men, put together a detailed case. | ||
| There's still a lot to learn. | ||
| Steve, remember, the FBI also wanted to concoct another plot to kidnap and assassinate Ralph Northam, the governor of Virginia. | ||
| They had another target in Virginia that they were trying to gin up news about right-wing militias trying to abduct and kill Ralph Northam, too. | ||
| In fact, there's a text directly from one FBI handler to Dan Chappell, the main informant in this case, saying, mission is specifically to kill the governor. | ||
| Telling the informant to tell the other target in Virginia, this is what we want to do. | ||
| That's one example of a text that was buried. | ||
| This jury didn't even see that text. | ||
| So this is an uphill battle the DOJ is going to have. | ||
| But of course, they're going to try to retry the two men who are innocent, languishing in jail for a year and a half. | ||
| What little lives they had have been completely destroyed because this DOJ wants to save face and they don't care about the rule of law, equal application of justice. | ||
|
unidentified
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Or just basic human civil rights. | |
| The DOJ and the FBI are nothing but a group of gangsters. | ||
| They're just gangsters. | ||
| But we're going to do a full flex on them. | ||
| Save your receipts, because there are going to be criminal charges coming on you guys for what you've tried to do, these folks in Michigan and in Virginia. | ||
| Julie Kelly, how do people get to you, and when does this piece come up about the accountability? | ||
| It'll be up late tonight. | ||
| I have a couple pieces I've already written for this past weekend, amgreatnet.com. | ||
| I'm a getter, JulieAndersbergKelly. | ||
| No, no. | ||
| Julie underscore Kelly too. So that's where people can find my work and coverage. | ||
| Okay, Julie, look for the piece coming up tonight about who's accountable for this. | ||
| Thank you very much, ma'am. Thanks, Steve. | ||
| This Michigan thing's not going to go away. We're not going to let it go away. Do we have time to play the cold open for Steve Cortez? No, no. | ||
|
unidentified
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Why don't we? We're not ready? No, there's two minutes. | |
| Let's go. We got two minutes. Let's hit it. | ||
| Run it. So because of the actions we've taken to address the Putin price hike, we are in a better place than we were last month. | ||
| But we expect March CPI headline inflation to be extraordinarily elevated due to Putin's price hike. | ||
| And we expect a large difference between core and headline inflation reflecting the global disruptions in energy and food markets. | ||
| So core inflation doesn't include energy and food prices. | ||
| Headline inflation does. | ||
| And of course, we know that core inflation, you know, energy, the impact of energy, of course, on oil prices, gas prices, we expect that to continue to reflect what we've seen the increases be over the course of this invasion. | ||
| And just as an example, since President Putin's military buildup accelerated in January, average gas prices are up more than 80 cents. | ||
| Most of the increase in Almost too many to count. | ||
| month of March and at times gas prices were more than a dollar above pre-invasion level. | ||
| So that roughly 25 percent increase in gas prices will drive tomorrow's inflation reading and certainly it's not a surprise to us but we certainly think it will be reflected. | ||
| Okay how many ball face lies are there Steve Cortez? | ||
| Almost too many to count. | ||
| She's somebody by the way who is clearly Jen Psaki who is clearly counting the minutes until she can leave that podium and go to her cush job at MSNBC where she won't have to take on these kind of incredibly tough issues right now that are created by her boss by Joe Biden. | ||
| Look, this is not Putin's price hike. | ||
| That was the phrase she used right there. | ||
| And we are not going to allow this administration, nor its Amen corner in the corporate media, to get away with that lie. | ||
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unidentified
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After the break, I'll give the numbers to prove why that's a lie. | |
| The great Steve Cortez is here. | ||
| By the way, I'm not so sure she's going to end up getting that job. | ||
| Okay, short break. | ||
|
unidentified
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Back in the worm in a moment. | |
| Let's get to the details in a Chalk Talk brought to you by Getter. | ||
| Now, why did bond prices get smashed? | ||
| Because of inflation, which, of course, by every metric under Biden is at 40-year highs. | ||
| As bond prices go down, interest rates go up. | ||
| Just how badly? | ||
| Let's look at 10-year treasury yield, which is the benchmark rate for all other interest rates in our economy. | ||
| When Biden prevailed in November of 2020. | ||
| That rate was 0.8%. | ||
| We had the economy aggressively reopening with extremely low inflation, low interest rates. | ||
| But since then, it has more than tripled, reaching three-year highs at 2.7%. | ||
| What that means is not just that mortgage rates are going up for homebuyers, but of course, in a related move, apartment rents are surging as well. | ||
| According to a new survey op from apartmentlist.com, year over year, last March to this March, rental prices for apartments up 17% in a single year. | ||
| Now, for comparison purposes, if we look at the pre-pandemic economy, red-hot growth in 2018-2019 overall in the economy, apartment rents were only going up 2.5% in each of those years. | ||
| Now, 17%. | ||
| Everything that matters in your life is getting massively more expensive because of Joe Biden. | ||
| OK, Steve, Biden, these are all because I want to make sure everybody understand this is 100 percent the actions of this illegitimate regime. | ||
| Right. | ||
| Yes. | ||
| Don't get me wrong. | ||
| They got some momentum coming out of Putin. | ||
| Right. | ||
| But it was it's marginal compared to the main event. | ||
| Steve Cortez. | ||
| Correct. | ||
| And particularly for what I was mentioning there, things like apartment rents or mortgage rates. | ||
| Last time I looked, Putin has nothing to do with American housing. | ||
| The regional struggle over the eastern border of Ukraine has 0.0% relevance upon housing markets in the United States. | ||
| And interest rates are exploding higher here, Steve. | ||
| And as I've said before on your show, I know a lot of the audience understandably probably thinks stocks are a lot more fun and a lot more interesting. | ||
| And they are, quite frankly. | ||
| But you know what? | ||
| Bond markets are what matter a lot more to the lives of most regular Americans. | ||
| Unless you're very, very wealthy and you own a tremendous amount of equities, it's bond markets that largely determine the prosperity of your life. | ||
| Well, what's happened to bond markets under Biden? | ||
| In the first quarter of this year, January through March, it was the worst quarter for bond prices Meaning as bond prices get tanked, and they got tanked even more last week and again today, as bond prices get tanked, interest rates go up. | ||
| So let me be specific. | ||
| What does this mean to your life? | ||
| One year ago, a 30-year mortgage, if you're a homebuyer, if you're lucky enough to have the down payment and can afford these elevated home prices, a year ago, 3.25%. | ||
| As of today, 5.25%. | ||
| Now, let's translate that into dollar terms, because I think that's also important, Steve. | ||
| Sometimes, when we only talk about percentages, I think we can lose people. | ||
| So, let's put that in dollar terms. | ||
| That means for a median priced home in the United States, which is just over $400,000 nationwide, if you were to put down 20% and take out a 30-year loan, you are paying today $370 extra every single month versus a year ago. $370. | ||
| $370 extra because of Joe Biden and his inflationary policies versus a year ago. | ||
| That is real money, tangible money, pouring out of the pockets, out of the bank accounts of regular citizens, of deplorables, and other hard-working people. | ||
| Because of what Joe Biden and Chuck and Nancy on Capitol Hill with help from Mitch and a lot of Republicans have done. | ||
| Let's also look at another consequence because I do like to look even though I mentioned that bond markets are more important. | ||
| We can look at the stock market and we're showing a chart here on stocks. | ||
| We can also look at the stock market for some clues into where the economy is headed and where the trends portend right now. | ||
| And if we look at housing and that chart right there is of the XHB. | ||
| That is an ETF, an exchange-traded fund, that groups together dozens of housing names as one. | ||
| So, homebuilders, as well as big box retailers that supply the housing industry. | ||
| Most of these names, the audience would know, that make up the HXB, which then trades as one stock. | ||
| That ETF began the year in the upper 80s. | ||
| It got all the way down into late last week into the lower 60s. | ||
| It closed today down 28% on the year. | ||
| This is a sign of sickness. | ||
| This is telling us That home prices have catapulted higher, but that the industry is not healthy because affordability has plummeted for regular Americans because of Joe Biden's inflation. | ||
| So when Peppermint Patty steps up to that platform at the White House briefing room and lies through her teeth and tells the American people that this is Putin's price hike, it is not remotely. | ||
| Again, he has zero impact upon the U.S. | ||
| housing market and even the markets, by the way, where he does admittedly have some impact, Things like crude oil. | ||
| There was already a Biden explosion way before things ever got hot in Ukraine. | ||
| Let me put numbers on that. | ||
| When Biden illegitimately prevailed in November of 2020, crude oil, this contract, was in the lower 40s. | ||
| It had already doubled, already gotten into the 80s by Thanksgiving of last year. | ||
| Natural gas had already doubled. | ||
| Well before the invasion of Ukraine by Russia. | ||
| So has the Russian invasion and our unnecessary involvement, has it exacerbated an already existing crisis? | ||
| Yes, it has. | ||
| But the crisis predated anything going on in Ukraine. | ||
| This is Biden's inflation. | ||
| It is robbing the prosperity of the American people. | ||
| Okay, tomorrow, walk people through, because I want to make sure, I think we're doing a good job on critical path here and process, but tomorrow there's going to be inflation numbers. | ||
| Tell people what those inflation numbers, why they're coming out on Tuesday, what's the big deal about them, and why is the White House so desperate now, Steve, to get ahead of it and to make it, oh, it's all Putin, it's all Putin's responsibility, sir. | ||
| Right. | ||
| Look, so tomorrow is going to be the Consumer Price Index, the latest numbers out for March, and the expectations are 8.4%, which would be the worst number since 1981. | ||
| But look, by every single metric, whether it's core CPI, all-in CPI, whether it's the PCE, which the Fed prefers, by every single metric, Steve, we are at 40-year highs for inflation. | ||
| So nobody can make any kind of intellectually honest case. | ||
| That we're not hitting generation-plus highs in inflation right now. | ||
| But I think you can also make a very good case that, if anything, those inflation reads are understating inflation because the formulations have been changed over the years. | ||
| So I think it's in all likelihood, you know, the reality that we are already into the realm of double-digit inflation. | ||
| And even by the government's way of calculating CPR, we already are in many metro areas. | ||
| I actually put a chart up today On my getter account on my social media showing inflation for the Atlanta region, Atlanta metro area, according to government statistics, is already at 10.6% growth. | ||
| That's before we get tomorrow's numbers. | ||
| So I think the White House knows that it is very likely that there's going to be a shocking number and it's trying to do pre damage control if possible. | ||
| But here's the thing, Steve. | ||
| No amount of spin takes away the reality of what Americans know every single day when they write that rent check. | ||
| When they go to the gas station, when they go to the grocery store, they know this reality that they are living right now. | ||
| We have 12 months straight of crashing real wages. | ||
| Real wages meaning take your pay and then adjust it for inflation. | ||
| That's your actual prosperity. | ||
| Under Donald Trump and the pre-pandemic economy, we had real wages exploding. | ||
| In 2019, we had 6.8% overall wage growth, and we had 2% inflation. | ||
| That's a real economy. | ||
| That's where people are getting more prosperous in real terms every single month, and where going to work really pays. | ||
| Right now, Americans are working their rear ends off to just try to tread water, and unfortunately, most of them, quite frankly, falling behind month after month. | ||
| And here's what's really dangerous, too, Steve, about rising interest rates. | ||
| How are most Americans coping then? | ||
| Because we know most regular working people don't have significant savings. | ||
| So, if their real wages are going down, how are they affording these galloping higher prices? | ||
| Steve, they're doing it largely through credit cards. | ||
| Through exploding credit card debt. | ||
| I've talked about it before on this show. | ||
| I'll do a Chalk Talk soon on this. | ||
| But guess what? | ||
| That only lasts so long, and those credit card rates, which are already high, are exploding even higher. | ||
| You beat me there, but here's what I wanted to do, is that you have basically four component pieces of kind of modern life, right? | ||
| There's other aspects of it, but four core pieces. | ||
| Energy, right, which is also tied into all your transportation, food, housing costs, and then the way you kind of finance it on the margins, which is credit cards. | ||
| Just walk it, the combination of that is absolutely crushing people, is it not, Steve Cortez? | ||
| Yes, listen, right now, unfortunately, I mean, Americans are taking it from absolutely all sides because of Joe Biden. | ||
| And let me be specific. | ||
| How did he do this? | ||
| He declared war on American energy. | ||
| He began an absolutely exorbitant borrowing and spending spree, again, with the help of Chuck and Nancy and Mitch and a lot of Republicans. | ||
| And also, don't forget about this. | ||
| The workplace mandates were critical because it kept a supply chain choked, unfortunately, because in key businesses like the ports and truck driving and logistics, a lot of folks simply would not go to work because of his onerous and unscientific vaccine mandates. | ||
| So you had almost a perfect storm of those three factors. | ||
| that created a massive inflation in the United States. | ||
| And by the way, too, another excuse they try to use, the White House and his his amen corner in the corporate media, they try to say this is a global phenomenon. | ||
| Now, listen, there is inflation percolating globally. | ||
| That is true. | ||
| But the United States has experienced it far, far worse than other countries. | ||
| We have about three times the inflation rate, for example, of Switzerland. | ||
| We have about twice the rate of France, a country very much in the news right now because of the election. | ||
| So among advanced economies, the U.S. | ||
| is by far the outlier. | ||
| This is the wrong kind of American exceptionalism. | ||
| We are the country among advanced nations which is dealing with absolute runaway inflation. | ||
| Why? | ||
| It's because of Joe Biden. | ||
| And no amount of spin from corporate media Or from that podium in the White House can change that reality which regular Americans know. | ||
| Here's the bad news, Steve. | ||
| Unfortunately for them, and I want to be honest with the deplorables out there, it is in all likelihood going to get worse before it gets better. | ||
| But the good news is we have an opportunity as an America First movement to present real, tangible, workable solutions. | ||
| And if we do so, I think this will be part of transforming our movement into a workers' movement that is dominant in American politics for decades to come. | ||
| So, amidst this turmoil, and normally amidst turmoil, there is also opportunity. | ||
| That is the case right now. | ||
| Amidst the carnage, there is also political opportunity for us to find the solutions, and in doing so, become a majority-governing movement that represents working people who are really suffering right now. | ||
| Okay, we're going to take a break, but Steve, if you can just hang over through this break. | ||
| A couple things happened. | ||
| Philadelphia just announced, I'm not making this up, Philadelphia is going back to mass mandates for everything indoors. | ||
| That's going to help the core business district, all those little shops and folks in restaurants come back quickly. | ||
| Shanghai's in a massive lockdown. | ||
| And my question to Steve Cortez when we come back, What actions have Biden, what actions has the Biden administration really done to get on top of any of this? | ||
| OK, short commercial break. | ||
|
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We'll be back with Steve Cortez in The War Room in just a moment. | |
| The epidemic is a demon and we cannot let this demon hide. | ||
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| Okay, so Cortez, just basically is, tell me the actions that they've now... | ||
| Their actions caused this on the first day. | ||
| You and Navarro came on and said, hey, we're getting a stagflation with what these guys proposed. | ||
| Then they did it. | ||
| They did the American recovery plan. | ||
| Everybody said, no, no, no, you shouldn't be spending one point nine trillion dollars just on it. | ||
| And most of it, a lot of it is given money away. | ||
| People are just going to is just going to throw into the dumpster fire. | ||
| They've got inflation out of control. | ||
| It's destroying the working class. | ||
| What specific concrete actions has the Biden administration done besides blaming Putin? | ||
| Have they done to resolve any of this? | ||
| No, nothing. | ||
| Only blame shifting. | ||
| I'm not sure they're even really willing to acknowledge how serious this problem is. | ||
| And I think part of the reason, by the way, is because the ruling class establishment is so disconnected from regular Americans. | ||
| I'm not sure they even understand the very real angst and anxiety that regular Americans are experiencing right now because of this runaway inflation. | ||
| Because let's face it, it doesn't matter that much to the very wealthy coastal elites, but it matters enormously to a working-class family or somebody On fixed income. | ||
| And by the way, I think they're not offering alternatives and solutions, but we have to, you know. | ||
| So what are the fixes? | ||
| One, we could achieve right now. | ||
| We don't have to wait for the election. | ||
| Grow a spine to the Republican senators. | ||
| You have the biggest minority mathematically possible at 50. | ||
| You can stop this spending. | ||
| Now, I don't think that's going to happen, but that would be step one. | ||
| Step two, then, after winning these elections, and it needs to be part of the agenda to win the elections this fall, is to absolutely step back. | ||
| from the exorbitant borrowing and spending. | ||
| And then go even further than that, Stephen. | ||
| I think this could be the biggest macro factor of all to reining inflation back in and to getting real wages galloping higher again. | ||
| And that is get control of our border. | ||
| And I don't just mean the illegal part. | ||
| As important as that is, of course, absolutely stopping the flow of illegals in this country. | ||
| But I also believe that it is time for a moratorium on even legal immigration. | ||
| Even legal immigration, work visas, all of it. | ||
| It is time for America to heal itself economically and to allow real wages to rise to constrict the labor force in the United States. | ||
| That would do enormous good and I believe it should be on the agenda of every candidate who wants the support of America First into November. | ||
| Okay, I want to go to three things so the audience gets this construct. | ||
| Of three things that they could do right now, stopping the massive spending, right? | ||
| Seal the border and actually put a strict moratorium on any new legal immigration, but stop the invasion on the southern border and go back to Trump's Energy, full spectrum dominance in every aspect of energy, right? | ||
| All three of those cut across against the core tenets of the progressive left. | ||
| And they've got Biden jammed up. | ||
| Those three things right there would start to get this is without raising interest rate, which you're going to have to do and stop having the Fed print money because the Fed is still I still think is doing quantitative easing. | ||
| The Yeah, and by the way, I would also say the politics on the establishment right as well, let's face it, right? | ||
| That is the reality. | ||
| So of the three things they actually could do, they can't do because the politics on the left jams them up. | ||
| Is that correct? | ||
| Yeah. | ||
| And by the way, I would also say the politics on the establishment right as well. | ||
| Let's face it, right? | ||
| That is the reality. | ||
| So, but this is what the outsiders need. | ||
| This is what the 2020s version of the Andrew Jackson deplorables need in America right And these are the real world solutions. | ||
| I mean, look, we've put ourselves into an incredible jam, but there are ways out. | ||
| And if we aggressively make that case as a movement to the American people, as I said, we're going to be not just victorious this November, but we will set the stage then for a massive sweeping victory in 2024 of an America first president. | ||
| I believe it will be Donald Trump. | ||
| For a second term, but whoever that candidate is as dark and dismal as things are, and they are very dour right now. | ||
| Stephen again. | ||
| I think they're likely to get worse in the near term. | ||
| There are answers. | ||
| There are solutions. | ||
| We know what works because in large part, we know what was working so wonderfully. | ||
| Before the CCP virus ravaged the global economy, before the Chinese Communist Party decided to hit America with an epidemiological dirty bomb, what was happening in 2018 and especially in 2019 was magnificent for this country, especially for working class people. | ||
| So we know that the economic nationalist agenda works. | ||
| We know if we combine that economic agenda with cultural conservatism, that we have a political formula that also works. | ||
| We just have to embrace it. | ||
| But as you well know, Steve, it's not easy, even within supposedly our own tent, even within the Republican Party. | ||
| We have so much opposition. | ||
| There are so many vipers within the tent who want to return to the old ways of interventionism abroad, of tolerating corporate cultural Marxism. | ||
| And yes, of exorbitant borrowing and spending by the federal government. | ||
| So we're fighting not just the forces on the Democratic side, not just corporate media, giant corporations themselves, but also a lot of Republicans. | ||
| But listen, the task is formidable. | ||
| But again, here's the good news. | ||
| The good news is we are winning. | ||
| The American people have awakened to this reality. | ||
| I would show you just one more chart here. | ||
| This is chart B, if the folks can put it up. | ||
| This is from CBS polling, not from some right-wing organization. | ||
| On the topic of inflation, Joe Biden has only 31% approval, 69% disapprove. | ||
| He has 38 percentage points underwater, according to CBS, which means he's probably 48 points underwater. | ||
| That is a disaster poll. | ||
| Hold on, hold on. | ||
| That includes the Democrats. | ||
| If you just take the independents as proxies, he may be in the high teens. | ||
| These numbers are unfathomable, right? | ||
| We said we're going to kill it in the crib. | ||
| Oh, it's dead. | ||
| It's dead. | ||
| Right now, as a vampire could always come back. | ||
| Before I let you go, Shanghai. | ||
| The supply chain. | ||
| We're not getting any real information. | ||
| Shenzhen is shut down. | ||
| Hong Kong is shut down. | ||
| Shanghai shut down. | ||
| They're sending the army in. | ||
| You don't know if it's an outbreak of the virus or something with the vaccines. | ||
| How do you think that's going to play into this global? | ||
| Because now we have, and we'll have you on tomorrow if you're free, about you've got food riots in Sri Lanka, food riots in Chile. | ||
| That's starting to metastasize all over the country, all over the world. | ||
| And you were the first to say, hey, the food's going to lead to famine. | ||
| This situation right now. | ||
| It's Shanghai. | ||
| When does that start to get baked into the global economic pie? | ||
| Yeah, it certainly has not yet, Steve. | ||
| I will tell you that when I look at global financial markets. | ||
| But the potential for more calamity, of course, is momentous. | ||
| Absolutely. | ||
| I mean, you're talking about a city of 25 million people that is right now, it looks like, You know, hanging on by a thread is nearing real societal instability, which is something, of course, we're just not used to in mainland China. | ||
| So the other aspects that you mentioned were very much caused by Joe Biden, meaning the explosion in fertilizer prices and wheat prices. | ||
| Biden and the Davos set decided to turn what should be a regional crisis into a global crisis, the fight in Ukraine. | ||
| The situation in Shanghai, this is the doing of the Chinese Communist Party. | ||
| And here, really, there isn't any American fault at all on either This is just the CCP massively overreacting, taking none of the lessons learned in recent years of what effect lockdowns have, which is almost zero. | ||
| All they do is punish people rather than stopping the virus, than stopping this germ. | ||
| So that is yet another massive risk, of course, to an already incredibly dangerous and calamitous economic situation in the United States. | ||
| I don't know if, I'm not totally disagreeing with you, but I think if we had forced, like we said, from day one and gotten into the Wuhan lab, we would have found out exactly what this virus is and maybe wouldn't be out killing, going to kill, you know, a ton of Lao-Bai Jing right now, if all the lies. | ||
| Okay, you said you were the first, you and Navarro each called stagflation early, you called the market correction early, about recession. | ||
| What information would Steve Kortes need to see tomorrow to change your recession outlook? | ||
| And I think you said your recession was late third quarter, early fourth quarter, maybe 2023? | ||
| Yeah, listen, I think that it's almost a given at this point. | ||
| And here's the thing. | ||
| Let's even say we get a positive surprise tomorrow, meaning inflation is not as bad as advertised tomorrow. | ||
| That still would not change. | ||
| The data is important, of course, and I pay attention to the trend of the data. | ||
| But what I think is more important are the movements in global capital. | ||
| And when I look at what's going on in the bond markets, and again, the bond market is collapsing right now, it's hard for me to sort of exaggerate The violence of the bond market. | ||
| I mean, it had its worst quarter and a half century. | ||
| Last week was its worst week since the 1990s. | ||
| These kinds of moves, even if we get a print that's not horrible tomorrow, and I think it will be terrible, but I'm saying for the sake of argument. | ||
| Let's say the print's not that terrible. | ||
| The interest rate moves alone are enough to tell us that the bond market believes that inflation is out of control, that the Fed has been totally derelict in its duties. | ||
| You have a combination of the monetary side lying to us, telling us for a long time That this is just quote transitory. | ||
| I think they did it for political reasons to try to protect Joe Biden. | ||
| And then on the fiscal side, you had Joe Biden along with a profligate Congress absolutely stoking these flames. | ||
| So unfortunately, no matter what print we get tomorrow, Steve, I think a recession is already unfortunately We are heading toward rec how deep now it can be. | ||
| I find spine as I mentioned for example, it can be a recession. | ||
| I think if the Republicans find spine, as I mentioned before in the Senate, for example, it can be a relatively shallow recession. | ||
| If we win this November, perhaps it's not a terribly deep recession. | ||
| That's possible. | ||
| But it's also equally possible that the kind of food insecurity that you're talking about globally, the lockdown of one of the largest, most important cities in the world in Shanghai, it's very, very possible that we're not just talking recession. | ||
| We're talking an historic recession, near depression levels. | ||
| That is absolutely a possibility, particularly given that the dollar has been dethroned as the king currency of the world. | ||
| That has historically, for a century, kept inflation in check here. | ||
| In the United States, the dollar is largely now not regarded as the king of currencies, as the default reserve currency of the world, because of the unprecedented actions of Joe Biden. | ||
| And that makes this current situation all the more volatile, potentially, and all the more dangerous. | ||
| In other words, if we're heading into a very deep recession, it can quickly tip Into something that is far, far worse because, frankly, our government, if we don't have the reserve currency, we can't afford to finance the debt that we are running. | ||
| And Steve, I've said this before, it's not impossible for the United States to become Argentina. | ||
| I know that seems far-fetched. | ||
| It probably seems like I'm exaggerating, and I hope that I am because I think it's savable. | ||
| But again, that is absolutely a possibility if the world loses confidence in the dollar, and that is starting under Joe Biden. | ||
| Real quickly, we've got about a minute or so. | ||
| You keep referring to the 10-year Treasury. | ||
| I just want to make sure everybody understands, as we talk this nomenclature, the importance of the 10-year Treasury in their personal lives. | ||
|
unidentified
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Right. | |
| So every interest rate in your life, whether it's your credit card debt, an auto loan, a home loan, all of it is based on the 10-year Treasury. | ||
| That is the benchmark on which global debt is gauged. | ||
| So that's why we talk about 10-year Treasury yield very often, which today, I made that video, by the way, last night that you played earlier. | ||
| It was at 2.70. | ||
| It hit 2.77 just today. | ||
| That's a massive move in bond markets. | ||
| These are not normal times in bonds in any sense. | ||
| Not normal times politically, not normal times in terms of inflation, that's for sure. | ||
| I tell you what, the inverted yield curve, the 10-year treasury, de-dollarization, prime reserve. | ||
| Folks are getting up to speed here, right? | ||
| It's almost an NBA, a mini-NBA. | ||
| Steve Cortez, thank you very much. | ||
| Steve, real quickly, how do people get to your Substack? | ||
| How do they get to your Getter? | ||
| You're doing a live Getter show. | ||
| How do they get to all your chat talks? | ||
| Live Getter Stream later this week. | ||
| Chalk Talk is up. | ||
| Brought to you by Getter. | ||
| Find me there at Steve. | ||
| Very simple. | ||
| And over on the Twitter, I'm at Steve Cortez with an S. Thanks for having me, Steve. | ||
| Steve Cortez, thank you very much. | ||
| Okay, we're going to take a short commercial break. | ||
| We're going to be back in the War Room in just a second. | ||
|
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CCP! Take down the CCP! | |
| Everything's just beginning, but the games you want to play Bring it on and I will fight to the end, just watch and see It's all started, everything's begun, and you are over Cause 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! | ||
| 2008, a monkey controlling a robotic arm in garm in three dimensions fed itself. | ||
| 2012, the first brain-controlled robotic arm by a human. | ||
| By a human. | ||
| Teen, a human controlled a controlled a cursor mentally. | ||
| Dr. Niyajukian was part of this study, as well as the one in 2018, where a human subject mentally controlled a tablet to do things like browse the web, send emails, and play games or music. | ||
| All that's been done with a couple hundred electrodes. | ||
| But in 2019, Neuralink, a private company, changed the game when it unveiled a pig named Gertrude with a wireless implant that monitored about a thousand neurons. | ||
| The neurons are like wiring, and you kind of need an electronic thing to solve an electronic problem. | ||
| That was a very interesting moment because it signaled to the community that they're serious, they're investing, they're building hardware from scratch, and they're putting it in large animals. | ||
| And overnight, it seemed the industry took notice. | ||
| Then, in April of 2021, Neuralink released the so-called MindPong video. | ||
| Pager was the name. | ||
| It's a rhesus macaque, which is, you know, the type of monkey that is very commonly used in this field. | ||
| Implanted with two of the N1 devices, the Neuralink devices, performing brain control of a cursor on a screen that's extremely significant because Here, Neuralink is showing their new hardware, their new device, in their hands, works in a monkey. | ||
| That's the level that's necessary to convince the scientific community, to convince the FDA, that you're ready to go into a human clinic. | ||
| Okay, it is Holy Week and during Holy Week we emphasize that the Holy Spirit is not to be blasphemed as Christ told us in the Gospel of Matthew. | ||
| By the way, I want to make sure everybody understands the joint venture we have with Lee Greenwood to help him promote his Bible, the God Bless the USA Bible. | ||
| Go to GodBlessTheUSA.com right now. | ||
| Check it out. | ||
| King James Version of the Bible in an incredible binding. | ||
| Also with all the founding documents, the divinely inspired founding documents. | ||
| Go to GodBlessTheUSABible.com and check it out. | ||
| Get more information. | ||
| And if you're so inclined, make sure you put in War Room and you'll get free shipping and handling. | ||
| Joe Allen, I'm glad to report that I've heard someone was there at a place with his son, and his son was talking about getting a biomedical thing in his eye, and the instructor turned to the son and said, no, no, no, no, you can't do that. | ||
| That's transhumanism. | ||
| She had heard it on War Room. | ||
| So you're having an impact. | ||
| And this was not in New York City, okay? | ||
| So you're having an impact out there in the hinterlands. | ||
| The right, the conservative movement has, and a lot of conservative media, has the pom-poms out for Elon Musk because of, you know, trying to do a hostile takeover of Twitter. | ||
| And, you know, he's running around the country and everybody's saying this guy's great, but he's fully financed by the Chinese Communist Party out of Shanghai. | ||
| That's where his cash has come from. | ||
| The Shanghai deal bailed him out. | ||
| And he is, I think, the leading and maybe the most dangerous of all the transhumanists, and I don't say that lightly, Joe Allen. | ||
| Yeah, Steve, watching the cheerleading of Elon Musk by people who would otherwise be horrified by his philosophy has been surreal, to say the least. | ||
| I mean, we have here a man who is not just an avowed transhumanist, which, you know, That really makes no difference if you're a college professor or if you're, you know, some weirdo in your basement posting about it online. | ||
| It makes a huge difference, though, if you're actually in charge of and financing the development of the technologies that transhumanists believe will ultimately lead to the transcendence of our biological states. | ||
| And the uploading, or at least the merging with artificial intelligence in some, you know, dreamy future, in the not-too-far future, depending on who you ask. | ||
| Now, there was an interview with Elon Musk, very revealing, with Business Insider. | ||
| It was published March 26, if I'm correct. | ||
| And in that interview, he talked about the plan to roll out the Optimus Robot, hopefully by next year. | ||
| This is that strange, fighter-like, humanoid robot that should serve as a slave to anyone who can afford to have them in their homes. | ||
| And the interviewer, who was also another fanboy, began gushing over Elon's accomplishments to save humanity and asked him, wouldn't it be possible to upload one's personality into such a robot and wouldn't that serve as some form of eternal life?" Musk responded somewhat nonchalantly that, yeah, you could definitely upload your memories and your personality into such a thing, and it's quite possible that such a | ||
| device like Optimus would be used that way. | ||
| He also talked about the singularity, which he rarely discusses. | ||
| Hold on, hang on, hang on, because we're going to have you back tomorrow. | ||
| You've got to hit the rewind button on that, in that Business Insider interview, when the guy talked about immortality, because this is what it's all about. | ||
| It has nothing to do with the betterment of mankind. | ||
| Don't buy that for one second. | ||
| It's not about that. | ||
| It's for these oligarchs. | ||
| They are maniacally, maniacally focused on eternal life. | ||
| This is what they're doing in every different aspect of it. | ||
| When asked by the Business Insider, what was his answer about Optimus? | ||
| Without having it in front of me, but he basically responded that it would be a different sort of entity than you are now. | ||
| It wouldn't necessarily be you, but you could definitely upload your personality, your memories, and whatnot into a machine so that they could be preserved in essence for eternity, certainly indefinitely. | ||
| And that's, you know, part and parcel of the transhumanist ideal of immortality. | ||
| Some hope for some kind of biological immortality. | ||
| Others hope for immortality in the cloud. | ||
| Others, who are much more aggressive in their predictions and desires, would like to see us, human beings, bit by bit, uploaded into the machine, and then preserved there, where we could then activate our personalities through robots, or we could simply float and hover in the cloud, sort of like heaven, only nightmarish and claustrophobic. | ||
| Dystopian. | ||
| Okay, we're going to continue this conversation tomorrow. | ||
| It's a Holy Week discussion. | ||
| Joe Allen is now back. | ||
| We're very focused on this. | ||
| Joe Allen is going to join us tomorrow morning to talk about Elon Musk, Eternal Life, and Elon Musk and the Singularity. | ||
| Joe, how do people get to your writings, right? | ||
| How do they get down? | ||
| Because Joe Allen is publishing all the time. | ||
| How do they get to you and how do they get to you on social media? | ||
| You can find my latest article on warroom.org and also my social media at J-O-E-B-O-T-X-Y-Z and also my website joebot.xyz. | ||
| Thank you very much, Steve. | ||
| Okay, brother, see you tomorrow. | ||
| Okay, for Battleground, we've got Charlie Kirk from Arizona, Adam Laxalt from Nevada, Judge Gabelman from Wisconsin, Eric Greitens in Missouri. | ||
| Right? | ||
| We've got a guy running from Congress in Arizona. | ||
| This is going to be pretty intense. | ||
| Stick around. | ||
| War Room Battleground will continue after a short, and I mean short, commercial break. | ||
| See you back in a moment. |
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