April 29, 2022 - Bannon's War Room
48:46
Participants
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| Speaker | Time | Text |
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unidentified
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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. | |
| 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. | ||
| That 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 a hundred possible cases in the US. | ||
| Germany, a man has contracted the virus. | ||
| The epidemic is a demon and we cannot let this demon hide. | ||
| Japan, where a bus driver contracted the virus. | ||
| Coronavirus has killed more than 100 people there and infected more than 4,500. | ||
| We have to prepare for the worst, always, because if you don't and the worst happens, War Room, Pandemic. | ||
|
unidentified
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Here's your host, Stephen K. Bannon. | |
| Okay, welcome back. | ||
| We've got a jam show in this hour, so we're going to get on with it. | ||
| Naomi Wolf, can you talk to us? | ||
| You've got some breaking news about pregnant women you want to go through, so go ahead and take it, ma'am. | ||
| Yes, please. | ||
| Of all the things I've reported that the volunteers have found, what I'm about to share is probably the most disturbing and the most important. | ||
| Basically this report written by a female physician analyzing the documents shows that pregnant women were excluded from the trials before they concluded it was safe and effective. | ||
| They concluded it was safe and effective based on mice and the autopsies of mice fetuses and that horrifically The Department of Defense data shows that female soldiers' pregnancies are experiencing an absolutely catastrophic rate of abnormalities and fetal problems. | ||
| So it's so important. | ||
| I'm just going to read it. | ||
| It's super fast. | ||
| She says, to date, there have not been any human clinical trials. | ||
| This is really real what you're hearing. | ||
| Conducted by a COVID-19 vaccine pharmaceutical company, To determine if vaccines are safe during pregnancy or while breastfeeding. | ||
| All emergency use authorizations exclude pregnant women and no COVID-19 vaccine has been approved for use during pregnancy. | ||
| Astonishingly, however, she says, many professional organizations have strongly advocated that pregnant women get this vaccine despite any lack of safety data. | ||
| what she points out is thanks to the court-ordered release of the confidential Pfizer documents, which the FDA wanted sealed for 75 years, we have learned that pregnant women and breastfeeding mothers were excluded from phase one, two, and three of the human trials. One recently released Pfizer document lists 21 groups of people who were excluded from all phases of the Pfizer trials and | ||
| specifically singles out quote, women who are pregnant and breastfeeding as not able to participate in any of the trials. And she gives the citation. Despite this, the American College of Obstetrics and Gynecology, the Society for Maternal Fetal Medicine, all of these obstetrics and gynecological organizations were strong advocates for vaccinating pregnant and lactating women. | ||
| And... | ||
| And even though none were approved. | ||
| How, she asks, could they possibly be promoting an experimental untested vaccine for pregnant women? | ||
| As it turns out, their clinical recommendations are based on a faulty study conducted on a few dozen rats in France. | ||
| Before any research trials can be performed on human pregnant women, a new drug must first be tested on pregnant animals. | ||
| These are called developmental and reproductive toxicity, or DART, studies. | ||
| They state that the DART studies for the Pfizer-BioNTech COVID-19 vaccine have been reported in Europe, and according to these animal studies, they don't indicate direct or indirect harmful effects with respect to pregnancy, embryo, fetal development, or postnatal development. | ||
| However, what was that based on? | ||
| Given the extreme importance, one would expect this study to be conducted by independent researchers using a robust design. | ||
| But she reviewed the study and she writes, this is a doctor, she writes, it is astounding to discover that it was performed in a mere 44 rats and for a length of only 42 days. | ||
| Then she gives the citation. | ||
| To their credit, it turns out that rats are the perfect mammal to do pregnancy studies on because they only need 21 days from conception to delivery. | ||
| So in this study, half of the rat pregnancies were terminated at day 21 by C-section and the fetuses were removed from the mother and studied. | ||
| The other half were allowed to give birth. | ||
| And then they terminated the study! | ||
| That's it! | ||
| And she points out this is long before any developmental issues could have been observed in the offspring. | ||
| and precludes any long-term safety or fertility studies. | ||
| This 42-day study on 44 pregnant rats led them to conclude that there were, quote, no effects on female fertility. | ||
| But she points out there were two glaring problems with the study. | ||
| It does not require the requirements of the DART study to make sure that they're okay into the next generation. | ||
| So there's no way to know if there were adverse effects on rats. | ||
| And the other huge glaring study is a disclaimer that I sent to your producer, which should shock you. | ||
| She says there's no way these investigators could be unbiased. | ||
| Why? | ||
| They were employed by and held stock in either Pfizer or BioNTech. | ||
| I'm going to say this again. | ||
| The doctors who concluded based on 44 French rats that the vaccine was safe for pregnant women were employed by Pfizer or owned BioNTech and Pfizer stock. | ||
| They tried to hide this by using only initials instead of full names. | ||
| In spite of that, pregnant women were encouraged to get vaccinated. | ||
| So looking at the actual VAERS adverse event reports, what you see is that this had horrific outcomes. This section covering pregnancy and lactation on pages 12 to 13 reveals that only that 20 percent of the 413 reported cases of adverse events for pregnant women were quote serious. These include 25 miscarriages, five fetal deaths, as well as uterine contractions during | ||
| pregnancy, preterm deliveries, premature rupture of membranes and fetal growth restriction, meaning the babies could not develop fully. Also included were serious and less serious adverse side effects of breastfed babies that included infantile vomiting. | ||
| Fever, rash, agitation, and allergy to the vaccine. | ||
| Six women having adverse events who got the vaccine while breastfeeding included partial paralysis, suppressed lactation, breast pain, migraines, and breast milk discoloration. | ||
| And Pfizer's response to the above alarming data in the secret documents was, there were no safety signals that emerged from the review of these cases of use in pregnancy and while breastfeeding. | ||
| The last thing I'm going to say in this shocking, shocking report is that this doctor also looked right there at the Department of Defense data, which has been exposed by three whistleblowers represented by Attorney Tom Rantz. | ||
| And what they're showing, again, I keep raising the question of, is this a national security breach? | ||
| Is this is this a national security breach? | ||
| Because we don't know the level of micrograms that were given to Female pregnant soldiers in our military or to any of the soldiers in our military or sailors or Air Force members. | ||
| And that we've shown makes a difference because when you get up to 100 micrograms, people get very, very sick. | ||
| So in this database, they observed disturbing evidence of dramatic increases in serious medical conditions among military personnel in 2021. | ||
| And among these are congenital malformations of fetuses. | ||
| The rise in congenital malformations increased dramatically from a baseline rate of 10,906 cases per year to in 2021 when female soldiers and sailors and pilots were being forced to take this experimental vaccine It rose to 18,951 congenital malformations for even part of the year of 2021. | ||
| For part of the year of 2021, it nearly doubled the fetuses of our brave women soldiers, sailors, Air Force members who were pregnant, who submitted to what our president said they had to do as the commander-in-chief, took this experimental vaccine. | ||
| Their babies suffered. | ||
| Their babies suffered. | ||
| And this is a criminal attack on our military, on the brave women and men in our military. | ||
| The NIH concludes That it's safe and effective, in spite of these numbers for pregnant women. | ||
| And she makes a final point that all of the spokesmodels use the phrase, the data suggests it's safe and effective. | ||
| And she points out that the word suggest is one of those weasel words that really represents the lowest level of certainty, quote unquote, expert opinion. | ||
| She concludes the evidence is clear that the potential risks of pregnant women getting vaccinated with the new mRNA COVID-19 vaccines far outweigh the benefits. | ||
| And you know, this is honestly one of the worst things I've ever, ever seen in my 35 years as a reporter. | ||
| This is an attack on American women. | ||
| It's an attack on pregnant women, intentionally or not intentionally. | ||
| The fact that Pfizer saw these data, the American gynecologists and obstetrics organizations knew of this data, the FDA knew of this data, that, oh, 44 French rats were autopsied and their fetuses are fine, so go ahead and get injected, pregnant woman who trusts me. | ||
| This is a crime that every single mother, grandmother, husband, you know, who cares about women of childbearing age should Should be horrified and appalled by it as a major criminal act. | ||
| And I really have to ask, knowing about this data and letting female soldiers take this vaccine and jeopardize the health and offspring of their children, which is going to tie up our, you know, hamper our fighting capacity, right? | ||
| If you're dealing with an injured, a congenitally abnormal baby and child, what is that going to do to our military preparedness? | ||
| These are massive crimes. | ||
| What is so shocking is that it appears, at least from the evidence that you put forward and this doctor put forward, that it's an institutional problem. | ||
| Because you have, correct me if I'm wrong, and like I say, this ain't my line of country, you have all of the major institutions that No, you're exactly right. | ||
| women would look to for their safety and security and health well-being? | ||
| Do you not supporting the vaccines? | ||
| Did I hear that wrong or is that not correct? | ||
| No, you're exactly right. | ||
| And that's why people who understand how the chain of command works for this decision-making need to step back and look at this edifice of criminality because the decisions do flow. | ||
| You know, these documents went right to the FDA. | ||
| You know, so your 12 members of Congress who demanded that the FDA reveal their side of this communication, they're doing the right thing. | ||
| And I'm now calling on other members of Congress, please step up, subpoena these records. | ||
| We need you. | ||
| We need a multi-pronged approach. | ||
| But the FDA couldn't approve this without the sanction and OK of the White House, because Surely you can imagine if you're the head of the FDA, you look at this data and you think, well, if this ever comes to light of day that we've okayed the injection of every pregnant woman in America based on a conflicted study of 44 French rats and 42 days of pregnancy, | ||
| And the people who did the study are employees of the drug manufacturers, their own shares, and are going to get rich when this is rolled out to pregnant women. | ||
| This is going to blow up the White House. | ||
| We can't do it. | ||
| We can't OK it. | ||
| We have to tell Pfizer it's not OK. | ||
| But all the way down the line and to this very day, the checks and balances were withdrawn and withheld. | ||
| And that's why I need to tell you all when we have time about new information about the origin of the vaccine, because the Chinese Communist Party Engagement starts right from the very beginning. | ||
| And so we need to have we need to have investigations, not just by attorneys general, not just by civil actions, by lawyers. | ||
| We need members of Congress to start investigating. | ||
| We need the White House to stop everything, pull the plug on the rollout and start investigating. | ||
| Or they should be, you know, impeached and investigated and convicted for massive harms. | ||
| To the babies. | ||
| I mean, I just told you about 8,000 pregnancies that have congenital, I'm sorry, 8,000 pregnancies that have congenital malformations that they found in our fighting women, women who stepped up and joined the military to protect our country, who put themselves, who are willing to go to conflict areas and put themselves in harm's way and leave their families for us. | ||
| And we hurt their babies? | ||
| You know, this happened. | ||
| 8,000 babies were harmed, you know, out of the norm of the ordinary baseline of what you're going to see for congenital malformations. | ||
| Someone has to go to prison. | ||
| Someone has to, you know, face long jail terms, if not worse. | ||
| This is an act of treason. | ||
| How do people get to you, Naomi? | ||
| You have 30 seconds. | ||
| Sure. | ||
| Come to dailyclout.io. | ||
| Join the campaign. | ||
| Also, I'm putting the word out, please, we've reached the point where we need major donors. | ||
| I'm so grateful for the people who send $10, $25, but we need to pay our lawyers now. | ||
| And lastly, you can join and support us by reading the documents or being a lawyer and helping us. | ||
| We will connect on the donor side. | ||
| Shocking information. | ||
| We'll have Naomi back on tonight or tomorrow. | ||
| Dr. Wolf, thank you. | ||
|
unidentified
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Peter Navarro next. | |
| The epidemic is a demon and we cannot let this demon hide. | ||
| War Room Pandemic. | ||
| Here's your host Stephen K. Bannon. | ||
| Okay, welcome back. | ||
| Man, was that disturbing. | ||
| And we're going to have Naomi back on either this evening or have her on tomorrow. | ||
| But two things real quickly. | ||
| Number one, this is the power of the show's audience. | ||
| The power of the show is the audience. | ||
| And this shows you the collective effort Of people when you get engaged and I've heard such incredible feedback from people that are part of that investigation. | ||
| I think it's up to almost 3,000 now. | ||
| War room posse members and over 250 lawyers and what you're finding is shocking. | ||
| You understand why they wanted to keep the documents sealed for 70 years. | ||
| And this is going to be the path forward, there's no doubt. | ||
| This is going to have a cataclysmic confrontation. | ||
| Just wait for it. | ||
| This is going to take on Big Pharma and all the apparatus around Big Pharma and exactly how they roll. | ||
| And how they roll now is not appropriate, and they're not going to be able to roll like that in the future. | ||
| But it's because of the work and the effort of this audience and what they've done, and being force multipliers and pushing out. | ||
| So as soon as I see that clip, as soon as Captain Bannon gets that clip, the A-block of the 11 o'clock hour, I need that pushed everywhere. | ||
| And I need everyone watching this or listening to this, and I don't care if you're 90 years old, get up on social media. | ||
| Become a force multiplier. | ||
| It doesn't cost you anything. | ||
| This is all free. | ||
| Get on Getter. | ||
| Get on Twitter, if they'll still let you on. | ||
| Get on all social media, your Facebook, and push this content out. | ||
| It doesn't cost you anything, right? | ||
| It takes you time and effort, and we gotta get the word out on this. | ||
| That segment was absolutely stunning in its findings. | ||
| And we've got so much to go through, we're trying to curate this. | ||
| I'm trying, I think maybe Lou Dobbs and Michael Patrick Leahy will be on this evening because we're so jammed for this. | ||
| I want to go to, by the way, just please remember the buy one get one free sale at MyPillow.com. | ||
| MyPillow.com and go to promo code War Room. | ||
| You'll see our square, but it's got the pillows, the sheets, the towels, all the The things we have of buy one get one free. | ||
| This is not going to last forever. | ||
| We're very honored to be chosen by Mike Lindell to do it. | ||
| So make sure you go there today. | ||
| Also other sales all over the place, but MyPillow.com, promo code WORM. | ||
| And of course, somebody just in the chat room, Captain Barron was telling me, said we ought to get a decaf version. | ||
| No, no, no, no. | ||
| I got to get, I got to get even more jacked up. | ||
| I haven't had a rant this morning. | ||
| Remember, I'm on my best behavior. | ||
| I guess my great guests. | ||
| Warpath.coffee. | ||
| You got the Mariner's Blend, my baby, right? | ||
| The Navy Brew, Dark Roast, and then we got a breakfast blend called Dark Powder, or Black Powder, which is to the darker side of the morning blends, but people love it. | ||
| We've already run out, I think, two or three times, but the roaster is working with us to crank it out every day, so warpath.coffee, and put in promo code, we're gonna get a 15% discount. | ||
| Okay, I got so much to get Peter Navarro with. | ||
| He's on a special project, that's why you haven't seen a lot of Peter. | ||
| Dr. Navarro joins us, and Dr. Navarro, I appreciate, I know you're super busy, and he's quite persnickety about his time, okay? | ||
| Yesterday, not only was it the called shot of you, Peter Navarro, that had warned America, really from the first day of the illegitimate regime taking off in 2020, about what the policies are going to be. | ||
| But throughout 2021, calling stagflation constantly, and then really having a recession call, and to see it happen yesterday, and all the spin around it. | ||
| But you then cut to the heart of that by, and I think we got that chart you sent me, about trade. | ||
| So walk us through your called shot. | ||
| Where are we now, and how important is the trade deficit that you fought with President Trump every second of every day in America to bring jobs back to this country? | ||
| How important is the trade deficit, which no business channel is talking about, sir? | ||
| Steve, the trade deficit is everything. | ||
| Before I go there, I just want to say, Naomi Wolf, what she did was a tour de force. | ||
| Let's push that out everywhere. | ||
| The problem is, I wasn't shocked by any of it. | ||
| I was in the belly of that beast. | ||
| Albert Bourla, the CEO of Pfizer, should go to jail for what he did. | ||
| Steve Hahn and Janet Woodcock at the FDA, Fauci at the NIH, Francis Collins. | ||
| These people are all criminal. | ||
| The thalidomide scandal, okay, that seems like a walk in the park compared to what they have done to American women and children. | ||
| It's a crime of just, I mean, it's beyond shocking. | ||
| Let's talk about this economics, Steve. | ||
| I want to show you this chart because this is what you won't hear about except on this show. | ||
| The GDP growth rate is consumption plus investment plus government spending plus the balance of trade, right? | ||
| And so when it came in yesterday, you can see That the GDP fell, here's the math, the GDP fell unexpectedly, and not to us, minus 1.4%, right? | ||
| And prices were up 7%. | ||
| That's pure stagflation. | ||
| The trade deficit... | ||
| Shaved 3.2% off of the GDP rate. | ||
| Imports, mostly to China, were up by 17.7%. | ||
| Exports were down by 5.9%. | ||
| 14.7 percent, exports were down by 5.9 percent. | ||
| From day one in the Trump administration, Steve, President Trump and myself were the two major voices preaching the gospel, which is absolutely correct, that trade deficits matter. | ||
| When you watched CNBC or Fox Business or Bloomberg yesterday, there was only passing reference to the contribution of the trade deficit to that so-called unexpected growth rate, but it's everything. | ||
| And the way it works, Steve, is, hey, if we're buying Imports from China, okay? | ||
| Their factories are busy, ours aren't, okay? | ||
| And when they send us fentanyl, so all the unemployed factory workers here kind of deal with their depression by taking fentanyl. | ||
| They not only kill our economy, they kill our people. | ||
| So that, in a nutshell, Steve, is the trade deficit. | ||
| And how do we get ourselves, because they're lying about every number, they're spinning everything, but right now, as you see it, maybe not how we get out of here, give us your Best thinking of where this is headed now, given the fact you had prices up 7%. | ||
| We now have contraction in the real economy. | ||
| Their plan is $33 billion to the Ukraine. | ||
| They're going to come back. | ||
| The Fed's going to keep quantitative easing. | ||
| They're going to come back with more spending proposals. | ||
| Brad's going to get into a second, but where does... Navarro, you're the first to call it, so where is this headed? | ||
| Well, we know that prices are going to continue to go up because we have the cost push policy shocks to our energy and by extension food prices, because food's done by fertilizers. | ||
| So we know inflation genie's out of the bottle and you're going to see a wage price spiral. | ||
| With respect to the economy itself, go back to the GDP, the four drivers of growth. | ||
| Consumption, investment, government spending, And the trade, okay? | ||
| Consumption is going to go down, Steve, because real wages are falling and therefore purchasing power is falling, okay? | ||
| Investments are going to go down because they're going to anticipate lower consumption demand, and so that's two. | ||
| Government spending, who knows what they're going to try to do, but the trade deficit is going to continue to spiral, and this is a good segue for me to talk about something. | ||
| I was listening to your show, You had Josh Mandel on. | ||
| I thought you handled the interview beautifully, but there was something lurking in the background there that I want to bring to the War Room audience. | ||
| The Club of Growth, okay? | ||
| That's like sponsored by the worst Davos globalist, kill American workers interest that you can ever imagine. | ||
| It sounds cool, Club for Growth. | ||
| It's like the chemical industry sponsoring Club for clean water. | ||
| Okay, it's that cynical and from day one in the Trump administration I had to fight the friggin Club of Growth on the trade deficit issue We're talking about right now and the fact that they're putting the big bucks behind Josh Mandel Raises the question is whether Josh Mandel is full of bulls And here's the problem, here's the question that didn't get asked to Josh Mandel when he was on. | ||
| It's easy, Steve, to talk about, oh, I'm tough on China, I'm going to crack down on China. | ||
| Hey, that plays great in Ohio, okay? | ||
| But the Club of Growth isn't about tough on China. | ||
| It's about no tariffs, okay? | ||
| So the question that should have been asked was, hey Josh, what do you think about those steel and aluminum tariffs that the Club of Growth so adamantly opposed that were so helpful to steel workers and aluminum workers in the state of Ohio and throughout the Midwest? | ||
| And that's what's interesting to me. | ||
| We know J.D. Vance will have the backs of blue-collar Americans support Trump tariff policies, support trade policies. | ||
| Josh Mandel, I mean, he seems to me like a huckster. | ||
| He's, oh, I'm a fighter, I'm, I'm a fighter, I'm gonna take care, I'm tough on China. | ||
| We don't know that, okay? | ||
| One Pat Toomey is a friggin' enough. | ||
| Who is Pat Toomey? | ||
| He's the guy that the Club of Growth not only supported, he was the head of the Club of Growth! | ||
| Steve, Pat Toomey, Senator from Pennsylvania, that Trump Endorsed, and it was the worst endorsement he regretted in his whole career, okay? | ||
| That guy was a one-man trade policy, anti-terror, wrecking crew, and the idea of putting Josh Mandela in there with a Club of Growth backing scares the hell out of me. | ||
| I tell you what, so I speak directly now to the people of Ohio. | ||
| JD Vance is supported by Donald Trump. | ||
| He's going to support American blue-collar workers. | ||
| Josh Mandel is a cypher. | ||
| If you don't like J.D. | ||
| Vance, vote for Jane Kempkin, not Josh Mandel. | ||
| Are you confident, given J.D.' 's background, his road to Damascus? | ||
| Do you believe that you're a fighter and you know fighters? | ||
| Do you think this guy's really with us? | ||
| Dude's a Marine. | ||
| He went to law school. | ||
| He's a letter man, but he's also From deplorable country. | ||
| His whole family is deplorable. | ||
| So, yeah, you know, look, with these politicians, you never know whether they're telling you the truth, right? | ||
| But it's about signal, not noise. | ||
| The signal I'm getting, Steve, Club of Growth supporting him. | ||
| You got the Cruz, Ted Cruz, supporting him. | ||
| Hey, Ted Cruz, guess what? | ||
| Hey, War Room, okay? | ||
| That dude would be the first one to try to lower taxes and reduce regulations, just like Donald Trump. | ||
| He was never our friend on trade policy. | ||
| He was never our friend on tariffs. | ||
| He talks tough on China now, just like Josh Mandel, but these people are full of bull. | ||
| It's the CPAC crowd. | ||
| It's the Koch Brothers crowd. | ||
| It's these people who want to send our jobs offshore and open our borders. | ||
| That's who Josh Mandel is. | ||
|
unidentified
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That's what I'm afraid of. | |
| 10 seconds. | ||
| How do they get to the book? | ||
| Taking Back Trump's America. | ||
| It's the blueprint for taking back the House of Representatives 2022 and Trump in the White House in 2024. | ||
| Taking Back Trump's America on Amazon. | ||
| Right to Amazon. | ||
| Help me out, War Room. | ||
| Get Navarro on Getter. | ||
|
unidentified
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War Room. | |
| Pandemic. | ||
| With Stephen K. Banham. | ||
| The epidemic is a demon and we cannot let this demon hide. | ||
| War Room. | ||
| Pandemic. | ||
| Here's your host, Stephen K. Bannon. | ||
| Okay, we've got the partnership with Lee Greenwood. | ||
| Make sure you go check out God Bless the USA Bible at GodBlessTheUSABible.com. | ||
| That's all one word, and Captain Ben, if you can get it up in all the chat rooms. | ||
| Lee Greenwood got turned down by his long-term publisher that said that his idea of putting the King James Version of the Old and New Testament with The divinely inspired founding documents of our nation was too much for him. | ||
| Of course, this was a publisher that also had put out, or subsequently put out, the Satanic Bible. | ||
| But they had no problem shutting down Lee Greenwood. | ||
| So we've partnered with him. | ||
| Go to GodBlessTheUSABible at GodBlessTheUSABible.com. | ||
| Put in War Room and you get free shipping and handling. | ||
| It is a... | ||
| Something you want to give for the entire family and it's something you will use every day. | ||
| The King James Version of the Old and New Testament and of course the divinely inspired founding documents of our beloved Republic all in one place. | ||
| I want to bring in Dave Brett now, the Dean of the Business School down at Liberty University, one of the great learning institutions of higher education and true higher education. | ||
| In this nation. | ||
| Dave, you've seen the numbers. | ||
| You've been on here many times to talk about inflation and out of control monetary policy. | ||
| I asked you to kind of put together a little think through where we are on this. | ||
| Can you just take this and walk through your analysis? | ||
| Yeah. | ||
| Hats off to Navarro, by the way, for actually executing and starting to turn the ship around before the establishment reverse course on us again. | ||
| But that's why I want to come on. | ||
| I want to talk about All the spin is out there New York Times talking about a recovery today So it's essential to see where our economy is going and it's good to look at history Of our economy to see we're on an airplane going from New York City to San Fran, right? | ||
| You can get up you can get a coke you can get a chips There's all sorts of noise in the middle, but your show is all about the signals And the signal is you're on a plane going from New York to San Fran. | ||
| So just here's three quick graphs that will show you our airplane ride here. | ||
| First, you got GDP growth over the last 50 years going down, down, down, down. | ||
| So and you see after the 85, the Reagan revolution and Volcker slamming on the brakes, they had a recovery rate that came out at four or five percent GDP growth. | ||
| solid for 25 years and then you start hitting the Obama 2% and the Obama promised he would fundamentally transform the nation and he did. | ||
| So there's a 50-year downward trend line. | ||
| The next chart is similar, same thing. | ||
| Hang on, hang on. | ||
| But the 50 year also, and remember, China joining the World Trade Organization and all that takes place in 99. | ||
| You see, if we put a commitment chart, you see a slowly lower growth rates in the United States over 50 years, but exacerbated in the last 20 or 30. | ||
| By the rise of China. | ||
| Remember, China's economy in 1999 or 2000, when they entered the World Trade Organization, was $1 trillion, just over a trillion dollars. | ||
| Japan's was $3.5 trillion. | ||
| They're at essentially $20 trillion today. | ||
| It's that rise of the Chinese Communist Party in America slowly decelerating. | ||
| Is that correct, Dave Brat? | ||
| Yeah, that's correct. | ||
| But part of it's our fault. | ||
| 50 years of decline of productivity, which of course causes GDP growth or your personal income growth. | ||
| And so, if Cameron can pull that one up, that's the next one. | ||
| Before that, you've got a 50 year decline also of U.S. | ||
| productivity. | ||
| And that's going to be correlated, as you said, with loss of manufacturing jobs in another chart coming up. | ||
| Then next, people are all confused GDP growth with inflation. | ||
| The next chart is a 50-year managed decline of the real interest rate by the Federal Reserve. | ||
| And so there you have, there's that one, right? | ||
| So there's three graphs in a row, all not good news. | ||
| We're running out of bullets. | ||
| The interest rates are at zero now. | ||
| The next graph, the next two charts we got coming up, this is the guy that follows Milton Friedman when it comes to inflation, John Taylor. | ||
| So he explains this GDP growth and explains how the Fed has messed us up for two generations. | ||
| That housing bubble is the 07-08 financial crisis. | ||
| The blue line is the Federal Reserve low interest rate policy printing way too much money that caused that real estate bubble to pop. | ||
| The orange line above it is the Taylor rule. | ||
| That's what Taylor, who followed Milton Friedman, he's out at Stanford, he's the top monetary guy in the country. | ||
| Says we should have raised rates up to that level. | ||
| Even more problematic right now, we're in the everything bubble. | ||
| You can see at that graph at 2010 to 2011, the blue line way down there is Fed policy at roughly 0% interest rates, right, for the last decade. | ||
| All that printing of money that you cover on your show all the time, the $9 trillion on the Fed balance sheet. | ||
| Has has bought up and and popped up asset prices real estate prices everything So it's called an everything bubble if you follow the Taylor rule interest rates should have it at that orange line Way above it and now for the punch line right below that. | ||
| Here's the calculations You can go out and double check all this make sure I'm not fibbing but if you want to calculate the Taylor rule you just plug in the numbers and According to Taylor right now the interest rate if you followed Volcker right and had a backbone and courage We should be setting the interest rate the federal funds rate not the mortgage rate, which is several points higher But the federal funds rate should be at six point five nine percent right now not zero Hold it. | ||
| Stop. | ||
| This is a brain analysis. | ||
| This is going to make heads blow up. | ||
| Because John Taylor's legendary. | ||
| Legendary. | ||
| You're telling me, and I just want to make sure the audience understands this, the Fed's funds rate is what the Fed loans to the banks, right? | ||
| It's essentially zero. | ||
| What is it, 50 basis points right now? | ||
| Yes, 50 next week maybe. | ||
| That might cause Armageddon. | ||
| You're telling me, you're telling me that according to the calculation, That it should be at 6.5%. | ||
| 600 basis points. | ||
| Yeah, and I was conservative. | ||
| I didn't fudge. | ||
| I didn't round up. | ||
| That's a hair lower than probably what it should be. | ||
| But yeah, you plug in the numbers. | ||
| Taylor is out on YouTube. | ||
| I had it up at 6%. | ||
| A month ago. | ||
| So I got it at 6.59. | ||
| It probably should be 7%. | ||
| But that's what Volcker did, right? | ||
| He raised it 500 basis points like you said on the last show. | ||
| In one swoop. | ||
| Now, this would make your credit cards and your mortgages at 9%, 10% immediately if they did this? | ||
| Right. | ||
| Okay, so this makes sense. | ||
| This is how they had to choke it out. | ||
| Remember, and I want to go back in history. | ||
| If you didn't have Ronald Reagan, who had such a sense of himself, right? | ||
| And he was not a Harvard MBA, he was not a PhD from the University of Chicago, but he had tremendous common sense and true wisdom and that unique thing of character that he had confidence in himself and in his beliefs. | ||
| And he had a guy like Volker. | ||
| They could take political pain. | ||
| For this audience, because the deplorables know how to... | ||
| There are no easy decisions in front of us. | ||
| Every easy decision, like this thing with the 33 billion dollars, they just think money can last forever. | ||
| And you had these ridiculous stupid generals on there. | ||
| And it's a disgrace. | ||
| Let me say it's a disgrace what's happened to our officer corps. | ||
| This senior officer corps is a disgrace. | ||
| A disgrace. | ||
| They're being owned by the defense industry, they're consultants with the defense industry, and they're out here mouthing this stuff all the time like unlimited money. | ||
| We don't have any choice that's easy and doesn't inflict pain on the body politic right now, I hate to say it, is only a policy that's going to exacerbate the problem. | ||
| Dave Brett. | ||
| Yeah, well, that's right. | ||
| And you can see, right, everything started kind of after the 60s. | ||
| There's your hint, right? | ||
| It starts in the 70s, this decline. | ||
| We used to have what was called in this country, you know, the Protestant work ethic or the work ethic, etc. | ||
| And we used to have productivity and innovation and business startups. | ||
| Now we have a financial economy. | ||
| That's all you hear on the news, right, is Elon Musk and stock prices and financial and paper. | ||
| And of course, the rich are getting rich, rich, rich in this new setup. | ||
| But the middle class wages have been flat for 40 years. | ||
| And so the next, I'll just close with the last two. | ||
| I just want the left heads to pop off with a couple more graphs. | ||
| The next graph shows the productivity across the G7 countries. | ||
| And you can just see, if you like socialism and the young kids you think it's cool, you can just see the productivity is way lower in the socialist countries than even in the US. | ||
| So we've just had the decline for 50 years, as I've shown. | ||
| But if you want to play with more socialist policies, you get even worse productivity. | ||
| And then that last graph is what you were getting at, Steve, prior. | ||
| If you want to see the total decimation, of agriculture and mining and manufacturing. | ||
| The next graph shows job startups, right? | ||
| So the light blue graphs are back in the 79s, you know, in the 70s. | ||
| Then the middle blue, and then the purple. | ||
| Look at manufacturing, four to the right, right? | ||
| You just see devastation of our manufacturing over the past 30, 40 years as well, as all the other industries. | ||
| So here's our startup. | ||
| Here's the real economy, right? | ||
| Students coming out, being able to be entrepreneurial, making products, starting things up. | ||
| We're not getting it done anymore. | ||
| So, the folks listening out there, when it comes to education, you have choices to make with your kids' educational choices. | ||
| What they major in, what they study, the internships, get them into something real. | ||
| Hold on, hold on. | ||
| This is, to vocational schools, trade school guys, this is the whole scam about the 1.6 trillion dollars of the student loans. | ||
| They're all taking gender studies and they're not in things that really allow them To use their own human capabilities and go next level. | ||
| The reason they can't pay the loans back is that first of all, we're flooding this thing with immigrants that compete with them. | ||
| Number two, they're not really in programs that have the ability to get good paying jobs. | ||
| I want to go back to one thing that's so important. | ||
| And you say it and now you've graphically shown it. | ||
| To summarize. | ||
| What Brad's saying is that through government policy, and quite frankly the Uniparty on Wall Street and the global corporations, we have had over the last 50 years, and really exacerbated or accelerated over the last 20 or 30 years, a massive decline in really the underpinning strength of the American economy. | ||
| Right? | ||
| The manufacturing base, high value-added manufacturing. | ||
| That's why he's saying this economy is really a dead carcass. | ||
| The only way you've had any growth at all It's kind of this government spending and blowing up the balance sheet of the Federal Reserve. | ||
| It's completely financialized and that's why you've had a concentration of wealth. | ||
| Remember who owns all the... This is why Obama is such a phony. | ||
| The most progressive politician in American history did more for the elites in his decision of how to do the bailouts and how to really paper up Wall Street's what they did to the country in 2008. | ||
| It was just to blow up the balance sheet of the Federal Reserve, take it from $880 billion to when Donald Trump put his hand on the Bible on January 20th of 2017, it was $4.5 trillion. | ||
| That explosion of the Federal Reserve's balance sheet just went to keep asset prices up, real estate, real assets and stocks, because they didn't want to have a collapse of the system. | ||
| And it was, too, the minutes of the governor in Texas, in Dallas, Texas, is in the meetings of the Federal Reserve saying, do you understand that we're going to eviscerate the working class and middle class in this country on this policy? | ||
|
unidentified
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And the guys go, well, we've got to save the system. | |
| Brett, hang on for a second. | ||
| You're dean of the business school. | ||
| Hang on. | ||
| We're coming to bring you back. | ||
| So I've got Lou Dobbs. | ||
| I've got Maura Monaghan with the explosive thing. | ||
| Maura, we're going to get to her tonight, too. | ||
| It's too powerful. | ||
| What she's got about the Kashmir and the tinderbox that's over there that really could cause a third world war. | ||
| Which it seems like the administration is cheering on because now they've got a whole new policy in Russia to really... This is not about NATO now. | ||
| This is not about Ukraine. | ||
| Never been about Ukraine. | ||
| The Ukrainian people are just pawns in this process. | ||
| This is about the war machine. | ||
| This is about the war machine. | ||
| Okay, in the imperial capital of Washington, going after Putin. | ||
| When, as bad as the word machine is, we should be going after the Chinese Communist Party, the real enemies of the American people. | ||
| Okay, short commercial break. | ||
|
unidentified
|
Dave Brat will join us on the other side. | |
| Censors us. | ||
| Deplatforms us. | ||
| Conservatives have been helpless to do anything about it. | ||
| Until now. | ||
| Join Getter, the social media platform that supports free speech and opposes cancel culture. | ||
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| It's time to cancel, cancel culture. | ||
| OK, we're going to wash, rinse and repeat this because it's so important what Dave Brat, Peter Navarro has been part of this, but what Dave Brat's been going through and what we want to do is to make sure that this audience more than any, because this audience can then drive change. | ||
| I want to make sure that you fully understand the case that we're laying out, backed up by data and evidence, and that is essentially That the great post-war economy of the 50s and even the 60s, the economic and manufacturing and industrial powerhouse that was the United States of America. | ||
| We've essentially been living on borrowed time and furthering away that great manufacturing base and what it was to have an economy that was really growing and growing and growing jobs and growing good jobs. | ||
| And that we've turned into a total financialization model, okay? | ||
| And Brat's charts walk it through amazingly. | ||
| It also gets to, we have to know the reality of where we are in order to make sure that we choose what are the right paths forward. | ||
| And there's no easy path. | ||
| The reason this audience is so powerful is you understand there's no easy path. | ||
| You're the deplorables. | ||
| You're the backbone of this country. | ||
| You understand? | ||
| And this is why you hate the lingo of politicians and the nonsense of politicians. | ||
| It's all crap. | ||
| This country, this republic that's been handed down to us, generation of generation of heroes, is in a crisis. | ||
| The great fourth turning of America. | ||
| And it's going to be one thing or other than the other side of this, culturally, economically, | ||
| Geopolitically we understand that and that's why you have to have the deep knowledge and understanding of where we are Dave I know you're not on social media So I'm not gonna answer that but we are gonna have you back a brilliant a very simple to the point brain analysis I'm glad all those years of getting of getting your economics learning your Austrian school of economics and Milton Friedman paid off Because that was quite quite amazing and you brought up a guy that we need to talk more about John Taylor just to repeat this | ||
| Real quickly, in the real world of reality, where, and I've said this for the zero interest rates, the Fed funds rates today which is 0.5 percent, 50 basis points, the real Fed funds rate should be 6.5 percent. | ||
| That's what the Fed lends to the banks and that means your interest rates and everything else would be 9 or 10 percent. | ||
| If we did that today, the way the structure of the economy is, you would have a recession, you would have a 10% contraction in the thing. | ||
| They've so gummed up the system, and this is what Cortez talks about, the structure of our economy is you can't have higher interest rates. | ||
| I gotta bounce, Brett. | ||
| You don't have social media. | ||
| You are the Dean of the Business School in Liberty and I think every kid out there that's thinking about how you go a place and you get a loan and get a job and you don't have to have the government wipe out your loan. | ||
| You'll have a good paying job to pay your own loan back. | ||
| Looking for Dave Brett and the folks down at Liberty. | ||
| Brett, thank you so much. | ||
| Brilliant analysis and we're gonna work with you. | ||
| Put this in an article and we'll have you back either tomorrow or on Monday or Tuesday, okay? | ||
|
unidentified
|
Good. | |
| Thank you, Steve Bannon. | ||
| Moral philosopher, Steve Bannon. | ||
| Keep it up. | ||
| Carl Marx, Plato, and Steve Bannon. | ||
| Thank you, Dave Brat. | ||
| I'll never live that one down. | ||
| I want to go to Fletcher Gill. | ||
| This weekend, the White House Correspondents Dinner, they're all, you know, they're all, all the swamp is all around each other, the cocktail parties, the things, they got this. | ||
| No, tomorrow night they're going to have something for Luke's Wings, which is this organization that augments and assists both veterans, combat warriors, police officers for their families, etc. | ||
| To assist them in flights. | ||
| Is Fletcher up? | ||
| Are we having an audio problem? | ||
| Fletcher, tell us quickly, tell us what Luke's wings are and then about this event. | ||
| There's a few tickets left and I want to make sure everybody got Bernie character. | ||
| I'm going to be there tomorrow night at the Ritz. | ||
| Walk us through quickly, what's Luke's wings and how do they get to the event? | ||
| Okay, he's not up so let's go ahead. | ||
|
unidentified
|
I'm up! | |
| Okay, let's go ahead sir. | ||
|
unidentified
|
Hey Steve, how are you? | |
| I'm doing fine, sir. | ||
|
unidentified
|
Thank you so much for having us today. | |
| I appreciate it. | ||
| Okay. | ||
| Did, did you hear my question? | ||
|
unidentified
|
No, I'm sorry. | |
| What was your question? | ||
| Okay. | ||
|
unidentified
|
Okay. | |
| Can you just tell us what, can you just tell us about Luke's Wings? | ||
|
unidentified
|
Yes, of course. | |
| Steve, thank you for having us. | ||
| Thank your audience for having us. | ||
| I appreciate it so much. | ||
| Luke's Wings was founded back in 2008. | ||
| Our mission was to reunite service members who were injured in battle and recovering at Walter Reed in Bethesda, Maryland with their families. | ||
| Their families were only receiving one airplane ticket and that was it. | ||
| And so moms and wives would quit their jobs and they would instinctively just come to Walter Reed and stay. | ||
| And we said, you know what? | ||
| That's an issue. | ||
| So we stepped in, started raising money. | ||
| Going to Walter Reed and inviting the mothers, the wives, the caregivers, those loved ones who are there every day changing the bandages of our wounded, ill, and injured service members. | ||
| And we said, why don't we put you on a plane? | ||
| We'll send you home. | ||
| You guys can get some respite, check the mail, check in with the other children, and then we'll send you back. | ||
| And we can set up rotation plans and we can send in a brother, a sister, a best friend from high school. | ||
| It doesn't matter. | ||
| And in 2008, we did 19 airplane tickets. | ||
| And now, fast forward 14 years, we're providing almost 2,000 a year. | ||
| We've done over 14,000 total. | ||
| And we support about 15 military hospitals. | ||
| We support Special Operations Command. | ||
| We support Veterans and Hospice Care. | ||
| And I'm very honored to say that we support our fallen officers across the country. | ||
| Luke, we got a hard out, so real quickly, how do people get to the site to see if there's any tickets available? | ||
| We're going to have you back on this evening. | ||
| Real quickly, how do people get to the site today to see if there are tickets available and they can come to the event tomorrow? | ||
|
unidentified
|
Yes, thank you. | |
| If you go to lukeswings.org, L-U-K-E-S-W-I-N-G-S dot org, scroll about halfway down, you'll find a purchase ticket link, and just go there and you can buy tickets. | ||
| You can use discount code STEVE10, S-T-E-V-E 10, and that'll give you a A 10% discount on tickets. | ||
| We'd love to have you there. | ||
| Thank you. | ||
| We'll see you back here this evening. | ||
| We want everybody there tomorrow. | ||
| We've got Lou Dobbs, we've got Maura Monaghan, Michael Patrick Leahy, and others. | ||
| It's packed night. | ||
| Steve Cortez tonight. |
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