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May 4, 2022 - Bannon's War Room
48:50
Episode 1,831 – The Fed Moves On QE3 And Interest Rates; The Current Politics Of TrumpEpisode 1,831 – The Fed Moves On QE3 And Interest Rates; The Current Politics Of Trump
Participants
Main voices
d
dave brat
06:59
f
frank gaffney
07:12
s
steve bannon
22:31
Appearances
b
ben harnwell
02:32
p
phillip patrick
02:52
Clips
a
anthony fauci
00:07
| Copy link to current segment

Speaker Time Text
unidentified
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.
anthony fauci ▲ ● ▼
We have to prepare for the worst, always, because if you don't and the worst happens, War Room.
unidentified
Pandemic.
Here's your host, Stephen K. Bannon.
steve bannon ▲ ● ▼
OK, we're live.
It's Tuesday, 4 May, Year of Our Lord 2022.
We're distributed everywhere.
Of course, we're the number one news podcast, politics podcast in the nation with 175 million downloads on the podcast.
But that doesn't even include the live show.
We want to thank our entire audience.
We now go to Nebraska.
Charles Herpster is running in a very tough Republican primary for the governor in the governor's race out there.
President Trump had a massive rally for him on Sunday.
Charles, thank you very much for joining us today.
All for this kind of a massive come from behind win.
Well, there's no question about it.
Talk to us about, I think President Trump, Boris told us he was 22 or 22 yesterday in both Indiana and Ohio for his endorsements.
unidentified
You're the endorsed candidate in this race. Walk us through, what does this momentum do for you and your campaign, sir? Well there's no question about it. We've done a lot of polling in the state of Nebraska and Kellyanne Conway, Dave Bossie, Corey Lewandowski, all of them who were involved every day in the 2016 election of President Donald J. Trump are my national committee people
management team, working with the team we have here in the state.
I had the opportunity to receive Donald J. Trump's endorsement about six months ago.
There's been every since that day, I have maintained a lead in the polls.
Of course, that lead varies from day to day.
As you get closer to the race, the lead tightens up.
As of yesterday, I'm still five points ahead, but I can tell you, Steve, we had an incredible rally in Nebraska here in Greenwood.
I'd say somewhere between 10,000 to 12,000 people on Sunday afternoon from 2 to about 7 o'clock at night.
I have never heard the President better.
He knocked it out of the park, and thank goodness I had a few people that said I knocked my speech out of the park, too.
So, it's tremendous, and what happened in Indiana last night, what happened in Ohio last night, I can tell you will bleed over to the people who are going to go to the polls in Nebraska on Tuesday.
steve bannon ▲ ● ▼
Here's one of the big similarities, and if Captain Bannon can put it up and make sure, I have it up on Getter, but I want to put it in all the chat rooms right now.
Axios, Jonathan Swan, one of the top reporters in Washington, D.C., has this piece, lead story on Axios about how the Republican establishment is furious The same situation is out there in Nebraska.
unidentified
It's really you versus the establishment, Republican establishment.
steve bannon ▲ ● ▼
Walk us through why that is.
You're a successful businessman.
You've been a big contributor to the Republican Party.
You were one of the first people to come to President Trump to really understand the power of the Trump movement early on in 2016.
Why is this, once again, we have a Trump movement MAGA candidate versus the establishment.
Why is the establishment so adamantly opposed to Trump, the Trump movement, MAGA, and particularly Trump-endorsed candidates?
unidentified
It's all about control and power, Steve.
And you wouldn't think here in the heart of the Midwest, in this beautiful state of Nebraska, that you'd be talking about a swamp or that you'd be talking about Republican control, but it is.
They want to make sure, and in Nebraska it is the Ricketts family.
You talked about that on your show.
They're putting absolutely unbelievable amounts of money behind their campaign.
They want to make sure that they control the governor's seat for the next eight years because that is very beneficial to them in terms of Governor Pete Ricketts and the things that he wants to do politically moving forward.
But I can share with you the people in Nebraska are very wise.
They're very smart.
It is not working, Steve.
People are figuring it out on a daily basis.
Do we lose Charles?
I'm here.
I'm here.
Do we lose Charles?
I'm here.
I'm here.
Do we lose Charles?
I'm here.
Do we lose Charles?
I'm here.
Do we lose Charles?
I'm here.
Do we lose Charles?
I'm here.
Do we lose Charles?
I'm here.
Do we lose Charles?
I'm here.
Do we lose Charles?
I'm here.
Do we lose Charles?
I'm here.
Do we lose Charles?
I'm here.
Do we lose Charles?
I'm here.
Do we lose Charles?
I'm here.
Do we lose Charles?
I'm here.
Do we lose Charles?
steve bannon ▲ ● ▼
I'm here.
Do we lose Charles?
unidentified
I'm here.
steve bannon ▲ ● ▼
Do we lose Charles?
unidentified
I'm here.
steve bannon ▲ ● ▼
Do we lose Charles?
unidentified
I'm here.
steve bannon ▲ ● ▼
Do we lose Charles?
unidentified
I'm here.
Do we lose Charles?
I'm here.
Do we lose Charles?
I'm here.
steve bannon ▲ ● ▼
Do we lose Charles?
unidentified
I'm here.
steve bannon ▲ ● ▼
Do Hey Phillip, we'll get Charles Herster back up.
That was fantastic.
By the way, these races are coming.
They're very much the MAGA movement and President Trump and the Trump movement, America First versus the establishment.
And the establishment's not happy.
And remember, I want to tie it back to economics here, because I think that's one of the things that people don't make enough connections about.
The reason you have this $9 trillion balance sheet on the Federal Reserve, which is not unrelated to the $30 trillion face amount of debt we have just from the spending, Is that this is the Wall Street cronyism.
This is the corporation's cronyism.
That money is infused into the system continually to prop up asset prices, right?
To prop up particularly the stock market, the bond market.
This is what's been done since the 2008 crash when they came up with this concept called quantitative easing.
Also the trade deficit.
So the dual thing of easy money But also the destruction of our manufacturing base, which has shipped all the great jobs over to China.
So this is because the CCP, Chinese Communist Party, is their partner on Wall Street and the corporations, because they've enslaved the Chinese people.
So the Chinese people work for like a buck a month.
The Lao Bajing are slaves.
It's slave labor.
Not just the Uyghurs.
It's the slave labor of the... This is why you have these enormously high suicide rates at these factories.
Because they work worse than robots.
I mean, it's inhuman, the conditions there.
And that's because they don't pay anything.
Obviously, margins are higher.
Margins are higher because they don't pay people anything.
They don't take care of the environment.
All these green people and people worry about the environment.
The beautiful China, one of the most beautiful nations on earth, is the most polluted nation on earth.
The rivers, the land, that's why it can't grow any... The arable land they have can't even grow anywhere near the amount of food that it should do per acre.
Because of how polluted and poison it is.
The rivers are poison.
The atmosphere is poison.
This is why you go to Beijing, Amy, for the CCP virus, and you could take a knife and cut through the smog.
So, Philip Patrick, today is a huge day at the Federal Reserve.
Finally, Powell's got to come to his valley of decision, right?
Tell people why it's so important about this, about the balance sheet of the Fed, and actually taking, and actually taking, you know, stopping the quantitative easing and starting to shrink the balance sheet of the Federal Reserve.
What would that do to the money supply, and what would that do to the dollar, and how does that all impact gold?
phillip patrick ▲ ● ▼
Listen, as you stated, the Fed have been propping up the markets for close to a decade now, right?
And they've done it on the back of printed money, stimulating the economy, low interest rates.
And what it's done is it's driven bubbles in the stock market, the bond market, the housing market.
And the concerning part is a lot of the growth that we've been seeing hasn't been based on fundamentals.
Now, by doing that, right?
They created inflationary issues and the Fed pivoted towards the end of the law end of last year Inflation once they couldn't paint it as transitory anymore It became the big sort of political priority if you will So as we said this year and by the way, they should have you know started reducing the deficit long before this They should have stopped stimulating the economy long before this. They did it in an already
Deheated economy, which is why we have the inflationary issues that we do now They're seeing the problems. Like I said in the form of inflation. So now it's a u-turn, right?
We've got to reduce the deficit. We've got to raise interest rates and And we're seeing, like I said, the air come out of this bubble.
The S&P is having its worst start to the year since 1939, down twelve and a half percent.
NASDAQ, worst start to the year since 2008.
Treasuries, worst start to the year.
Bonds, rather, in half a century.
Right. So the markets are getting hammered.
And I don't see a way out of this.
The Fed are trying their best, and by the way, I said almost feel sorry for Powell, almost.
They're trying to navigate their way out of it, but the problem as I see it is there's no synergy, right?
It requires the Fed to do what they need to do, but it requires an executive branch to play ball, right?
But we're not seeing that.
We're seeing an executive branch that's spending money right based on political decisions there We're seeing global central banks around the world selling off dollars.
I think now to a 25 year low So there's a lot of extraneous, you know outside forces that are going to make this soft landing I think impossible for the Fed and on the back of all of this.
We don't even have a real economy, right?
We don't produce anything.
It's it's It's smoke and mirrors, and we've got a big issue.
And like you say, I think it's impossible, this soft landing.
So we've got tough times to weather, and I think gold is a good way to do that.
steve bannon ▲ ● ▼
It's going to be a crash and burn.
Let's be blunt about it.
It's going to be a crash and burn.
We've warned about this since the illegitimate regime first took over.
Dave Brat's going to join us in the next segment.
Remember last week, what did we talk about?
How this has been a 50-year decline.
You're seeing the end of America as we know it.
established globalist establishment on productivity of manufacturing and today as we told you was going to happen I didn't know it's gonna be this big 125 billion dollar deficit that's you're seeing the end of America as we know it and by the way we have answered the question this 5,000 years of history still makes sense today Is gold a hedge to tough times?
I hate to say it was an early call, Philip, but I'll take a bow for that.
Philip Patrick, and here's the thing.
Go to Birchgold today.
The two things, you can sign up, and as soon as I get...
Philip Patrick's final grammatical correction, as we're going to put it, we've got the end of the dollar empire, which is the first of a series that we're going to do on the Federal Reserve.
People in this country have to remember, Charles Herbst is going to join us back in Nebraska, the politics of the founding of this nation until the Federal Reserve in 2011, the politics of this nation in the 19th century, Was really very much driven by currency.
Okay, the populism from Andrew Jackson to Lincoln, right?
Henry Clay, all of the American system of American manufacturing about terrorists, but particularly about currency, the economics and people's understanding of economics was 100 times.
Better and deeper back than it is today, and so what I've done in partnering with Birch Gold is to say, hey, we're going to go back and explain the Federal Reserve to you.
We're going to talk about the political history of this nation, what it was about currency.
Because, ladies and gentlemen, the politics of the future, the dollar and the dollar as currency and what it means and what it stands for and what alternatives are there, is going to be central.
Philip, because I tell people today, the government has forced you, The government's forced everything else on you.
You have to immerse yourself in two things.
Number one, about precious metals.
You just have to go learn.
unidentified
Right?
steve bannon ▲ ● ▼
You have to go learn about this.
And you've got to learn about crypto, too.
The government's forced you to look to alternatives.
It's not your fault.
You out there in the audience are getting a rolling devaluation.
Right?
So, Philip, how do they get to Birchgold to talk to your advisors, and particularly to sign up for the End of the Dollar Empire, a report I'm putting out with Philip Patrick over at Birchgold?
How do they do it, sir?
phillip patrick ▲ ● ▼
Of course.
So, to get the report, birchgold.com slash Bannon, birchgold.com slash Bannon, and you can reach me directly at Philip Patrick on Getter.
steve bannon ▲ ● ▼
Brother, and you're putting up great stuff all the time.
Philip, thank you so much for taking your time today.
phillip patrick ▲ ● ▼
Thank you very much for having me.
steve bannon ▲ ● ▼
Cortez, Philip Patrick, Peter Navarro, Dave Brett, we've got the best guys in economics, globally.
Tell me about a show that's had more called shots.
And we study this stuff every day.
We're making investment bets every day.
You look at the called shots.
These guys have been amazing.
Charles Herbst.
Do we have Charles back on the line?
Charles, how do people... You're in a throwdown and there's, what, a week to go.
unidentified
So how do people find out... Next Tuesday.
steve bannon ▲ ● ▼
Next Tuesday.
Next Tuesday.
You're a week to go.
So tell people how to find out more about you.
How do they find out more about your campaign, sir?
Because this is a barn burner.
unidentified
Charles W. Herbster from Nebraska.
That is the website to go to.
And you know what?
I've given my name out before and my phone number.
I'll give it again.
402-801-1420.
I had some great calls last time when we did the show, Steve.
Really great calls.
We are campaigning seven stops a day.
I guarantee you.
We're going to have a win next Tuesday night.
All the national news is coming in because of what happened in Ohio and Indiana, and it's going to be a great day in Nebraska.
We are going to drain the swamp, and we are going to do what's necessary to bring Nebraska back and make Nebraska great again, using the playbook of President Donald J. Trump, Governor Ron DeSantis, and Governor Kristi Noem.
We're going to do that in Nebraska.
steve bannon ▲ ● ▼
Charles Herpster, the War Room posse is there and they're going to be calling you and backing you.
Charles Herpster, thank you so much for joining us today in this tough race.
unidentified
Thank you, Dave.
steve bannon ▲ ● ▼
Thank you so much.
The world media is going to watch this next Tuesday.
It's round two in MAGA, the MAGA movement.
OK, short break.
Dave Brad to talk about what happened to our manufacturing in this country.
unidentified
Next.
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.
steve bannon ▲ ● ▼
Okay, we got the two gun philosophy here.
The one gun is that you have to get a great night's sleep.
Like last night.
Last night we were working to the wee morning hours and we've got to be up here very early.
Number one, I've got to talk to Ben Harnwell in our international bureau over in Rome in the early morning hours.
And so, you've got to get a great night's sleep.
You can't get a good night's sleep, but a great night's sleep.
The way to do that is MyPillow.com.
And what Mike Lindell has done for us is buy one, get one free sale.
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You put that in and you get to the square and you'll get to see all the specials and sales we have.
But these guys buy one, get one free on certain towels, on certain sheets, on certain pillows.
And of course now they have something for the children you're going to want to see.
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That's not going to last forever.
The second gun is you get a great night's sleep.
You got to get up in the morning.
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Hot and black here the entire time on the boardroom.
Now listen, on media, when you have guests on, you know, a lot of the guests are, you know, they want to be stars and they've got these huge personalities and massive egos.
I'm really proud of the fact that the boardroom, we have kind of the exact opposite.
We have the most self-effacing individuals in the world.
They're just very humble.
They really do their job.
And I got Harnwell.
Dave Brat and Frank Gaffney are going to join us here now.
And I want to start with Brat.
These guys will never brag about themselves, so I have to brag about it every time they do something great, which they are so self-effacing they never want to take credit.
Last week we had Dave.
Dave is an economics professor at Randolph-Macon.
He ran and is the first and only person in the history of this republic To be a sitting majority leader in the House of Representatives in a primary.
He did that back, I think it was in 2014, he did that.
A massive upset.
The polls the day before, I think had him 50 points down or 40 points down.
This was the long shots of long shots.
Why did Dave Brat win?
Dave Brat understood the basic economics of this country and what was happening to the country, and particularly the manufacturing base, and going to the financialization.
And Eric Cantor, who is a good guy, had gotten very tied up with Wall Street.
He was kind of a spokesman, as much as the Republican establishment is, because the Wall Street guys give such huge amounts of money, right?
Huge amounts of money that they become sponsors.
One of the reasons that Frank Gaffney is going to join us.
Frank is now leading the Committee on the Present Danger of China.
He's the founder of it.
A huge initiative we have is about the economic warfare, about what's truly happening in America, and particularly Wall Street's participation as a partner with the Chinese Communist Party.
And, I mean, an active partner in things that are going on today that Frank's going to talk about, and Dave Brat is now getting involved as the Dean of the Business School of Liberty.
But one thing today, we had some, and this is historic, And you're gonna, this day will be talked about.
You know, we had the historic day the other day of Roe v. Wade on the cultural side.
You know, going up against the cult of death.
And today you had this announcement of a trade deficit for one month.
For one month.
120 billion dollars.
What that screams at you is that we don't have a manufacturing base anymore.
We don't have products that people can buy at reasonable prices.
And so we just import from China, essentially.
Look, it's from other places, but principally from China.
And this is because Wall Street, in partnership with the elites in our country, have shipped our manufacturing base over.
Dave Brat gave a pretty brutal presentation on this show about a week ago.
I think it was maybe Wednesday or Thursday last week, in which he said, hey, this is a 50 year problem, but it's exacerbated on these radical Democrats now that the loss of productivity, the loss of, and he keeps saying, and this is why the Fed being so important.
His point is that, hey, all this stuff you see about the increase in deficit and deficit spending, everything you see the Fed's doing with the easy money, you know, everything that Philip Patrick and I talk about all the time when he's on here from Birch Gold, he said, that's because the basic underlying economy is dead.
It's just dead.
It's a carcass.
And you keep infusing it with this kind of life support, jacked up blood, but it can only go for so long.
And he walked you through the mathematics of that.
Today, Less than a week since he made that presentation.
And Wall Street's stunned and they don't want to talk about it.
That's why if you go on CNBC, the lead story is not the trade deficit.
They never want to talk about the trade deficit.
unidentified
Why?
steve bannon ▲ ● ▼
They're making money.
The corporations are making money.
It's the workers out there who are getting crushed.
That's the revolt in this country.
That's why we have populism.
That's why we have economic nationalism.
It's because of this.
So Dave Brat, you've been both focused on the money supply with the inflation out of control, because remember, we're getting this at the same time that we have seven or eight percent inflation.
Ladies and gentlemen, make sure you remember the first time I said this about six months or eight months ago, really to focus on it.
As providential as Ronald Reagan and Paul Volcker were, and they were providential, to come in when they did and to have the political courage to see through the tough decisions they had to make to wring the inflation of the 70s out of our economy, and to take those brutal years when everything started to crash, and to have the political fortitude and the guts and the character to stand up to the onslaught that came against them.
To see us through to the morning in America.
It was a different country.
Number one, let's say we had people that had the courage and fortitude of a Trump and a Volker.
Back then, we were the leading creditor nation in the world.
We had been unscathed in World War II.
We had the Marshall Plan, and we rebuilt the world.
We rebuilt Germany.
We rebuilt Japan.
We rebuilt the devastation of the world, right?
We were the creditor nation, and we were a manufacturing Goliath.
We were a Titan.
We strode across the world of American manufacturing.
That is not America today.
Dave Brat, what is your assessment?
dave brat ▲ ● ▼
Yeah, well, the news articles today, you know, are showing graphs say, hey, wow, we're taking aggressive action.
The M2, the money supply is down from 24 percent to 12 percent.
And then you read on the vertical axis what they're measuring and they're measuring the growth of the money supply still.
So a year ago, the M2 was growing at 24 percent.
It's still growing at 12 percent.
And this is all part of the case you're making, and I'm making here, that the stimulus is still in place.
place.
Right now, OK, good.
That camera's got the graph up.
That show.
Now, now go to the second graph.
And this shows you more the long term M2, where it's been roughly 5 percent for the past decade.
And this this funny money we have right now is a total aberration, right, for the 24 percent money growth.
So that's coming to an end.
It's going down at least, you know, from 24 to 12% growth.
And all the stimulus money is finally cutting off.
And so now the data is going to shock us, because real productivity is over, right?
So there's the longer run.
There's 10 years, right?
And so there you can see M2 growth is usually between 5 and 10%.
And then you get the 2020 shutdown.
And the massive stimulus.
And so the real economy relies on capital investment, human capital, which never gets to play.
It should.
Right.
There's a famous paper guy that won the Nobel Prize in Economics solo, followed by Mankiw at Harvard.
He was just here last Friday.
Capital, human capital and technology growth explain about 90 percent of GDP growth.
So if you want to get your economy back, you better get the kids into working with capital, manufacturing, or developing human capital on a massive scale, being willing to study tech and the new tech industry that's coming our way, whether you like it or not, and then working with technology in every way you can.
But now the trade deficit piece just comes in, and that's just a reflection of our manufacturing prowess.
And we saw last week in the graphs I put up, the G7 productivity is way worse than us, right?
All the socialist countries are worse than us.
But over the past 50 years, we've decimated agriculture, mining, construction, manufacturing.
These are all the old real jobs.
And wise people knew 30, 40 years ago, everyone would say, don't you got to make something?
unidentified
Right?
dave brat ▲ ● ▼
When the movie Wall Street came out with Gordon Gekko and all that kind of stuff, they knew back then that that was a sub theme, right?
The manufacturing guys were the good guys.
And Gordon Gekko is like, what are you doing with your life?
You're just accumulating wealth.
And so now everything's coming home to roost.
We're going to pay for our sins.
The reason I'm going to tell my wife, you said, I'm humble.
She's going to be shocked by that statement.
But in the Judeo-Christian worldview that we all share, the scariest idea in that tradition is that God is good.
And so God's goodness Uh, reflects and contrasts with human behavior.
And we are judged by, by the standards we set for ourselves.
We have not been working.
We have not been studying.
Uh, 30, 40 years ago, you had all sorts of parents which would sacrifice and work two jobs, et cetera, for their kid to go to college.
A kid would work hard and that was part of the American dream.
And now we're just not investing in ourselves that way either.
There's a cultural problem.
And so I think there is a realignment, a religious awakening happening again.
People are getting back to the basics.
And ideas always drive history, right?
Those great people that set this country on the right track came out of that Judeo-Christian tradition.
They founded Harvard and Princeton and Yale and all the great schools.
Harvard's motto in 1640 was truth for Christ and church, right?
So that mindset motivated us out of thankfulness.
To work hard to build the kingdom of God on this earth.
And that really does motivate, right?
Max Weber, the world's most famous sociologist.
You can look up the Protestant ethic piece by him.
It's world famous.
That set us on a trajectory.
Now we're getting very lazy, right?
The money supply is growing.
We got a sugar high there.
The government spending is totally out of control.
When I was in Congress, there was a trillion dollar deficit.
And now that looks conservative.
steve bannon ▲ ● ▼
Okay, Dave, hang on for one second.
and Dave Brad Dean of Business School of Liberty, Frank Gaffney, comedian of Prison Danger, Ben Harnwell, all next.
unidentified
War Room, pandemic with Stephen K. Bannon.
The epidemic is a demon and we cannot let this demon hide.
War Room, Pandemic.
Here's your host, Stephen K. Bannon.
steve bannon ▲ ● ▼
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Frank Gaffney, Committee on the Present Danger.
China, the manufacturing number today is something we've warned about forever.
It is so stark, the media does not want to talk about it.
But this is kind of what Lou Dobbs has been preaching for 20, 30 years.
One of the things my father used to say all the time, when you start losing manufacturing base, when you start losing these high value added manufacturing jobs, you're going to lose the country.
And that's what we're on the verge of.
$125 billion in one month.
In one month.
Frank, the Committee on the Present Danger is really going to focus in this year on the economics of our, not competition with China, but the economic war we're at with the Chinese Communist Party, because they must be destroyed root and branch.
Remember, the Committee on the Present Danger, myself, that's the one in the book about Josh Rogin, the great reporter of the Washington Post, said that, hey, Bannon with Navarro is one of these guys that are called the super hawks.
They're not about competition.
They're not about confrontation.
They're not hardliners.
They do not view the Chinese Communist Party as a legitimate government.
They believe it as a transnational criminal organization.
And once you view it in that light, it's got to be.
We have to assist Lao Bajing.
We can't take it down.
It is upon the Chinese people to take it down, but they need an assist, and we're here to assist.
On the economic side, it's really a focus.
You've got the great Roger Robinson, and Roger Robinson was kind of the head of economic warfare for Ronald Reagan.
And in my book, in my movie off of Peter Schweitzer's book, Reagan's War, I did In the Face of Evil.
He's a huge part of that, about how we took down the Soviet Union.
Tell us what the Committee on Present Danger, and we have brother Dave Brad here, the Dean of the Business School at Liberty, which I think is one of the emerging great business schools in the country, and I say that as a Harvard Business School graduate.
The partnership you've got with him, with Kevin Friedman, who will be on the show tomorrow.
Walk us through what the Committee on Present Danger is doing.
frank gaffney ▲ ● ▼
Well, thank you, Steve.
Could I just make one small correction?
steve bannon ▲ ● ▼
Sure.
frank gaffney ▲ ● ▼
We didn't lose manufacturing jobs.
They were stolen from us.
Our mortal enemy, the Chinese Communist Party, has destroyed our manufacturing base in the years, now decades, in which they have waged economic warfare against us.
And of course, Steve, as you know, and we talk about it all the time, economic warfare is just one facet of the unrestricted warfare that the CCP has engaged in for over two decades, at least.
And the trouble with this is that we, most of us, not the war room posse, thanks to you, but most of us still don't get that not because we want to be at war with China, not because we've declared war on China, but because war has been declared on us by China, including in May of 2019, Steve, in the pages of the People's Daily, for heaven's sakes, a people's war was declared against us.
But again, before that and since, the Chinese have relentlessly sought to destroy this country.
Now they've got a new term for it.
They call it the Global Security Initiative.
Just been trotted out by Xi Jinping as a new gambit to join forces with the global resetters of the capitalist movement.
With the Chinese Communist Party to essentially say, don't even think about decoupling from China.
You are ours.
We own you now.
And what we're trying to do with the Committee on the Present Danger of China, and you're very kind to talk about my leadership of it, I want to thank you for yours, my friend, in helping us think through how can we do what my friend and yours, Roger Robinson, did with Ronald Reagan and an earlier generation.
of the Committee on the Present Danger, by the way, namely the one that helped the president or the candidate in that moment in the run up to the 1980 election to say, we're not going to try to coexist with the Russians of the Soviet Union at the time.
We're not going to try to compete with them.
We're not going to try to contain them.
We're going to defeat them.
He said, we win, they lose was his strategy, and that committee on the present danger helped him articulate the way to do it, a key piece of which was, yes, economic warfare, cutting off their cash flow.
Today, that's more needed than ever, Steve, because we, and when I say we, I mean you and me, I mean 160 million Americans, by some estimates, who are investing in our capital markets are, thanks to the likes Of Larry Fink, of BlackRock, Steve Schwarzman, Ray Dalio, Vanguard, Fidel, on and on.
These are the people who are enabling the Chinese Communist threat to us.
The Chinese call them old friends.
I think we need to be calling them what they are, which is traitors.
And I use that term advisedly.
You can also call them CCP groomers, if you wish, because they are enabling The Chinese to do all of the terrible things that they're doing, not just the economic warfare, the South China Sea, the fentanyl, the data aggregation and mining, the biological warfare, including the COVID attacks on us, the social credit system, which they're trying to migrate here.
We did a wonderful webinar on Monday with your help.
Digital gulag is what the Chinese are trying to bring to us.
And when they talk about a global security initiative that has us all coupled up with China under the China model, that's what it looks like.
It looks like enslavement using digital passports and mining of our data and then using it against us to control us.
These are the sorts of things we're up against, and we must, in the course of the next six months or so, ensure that every candidate for Congress, whether they're incumbents, whether they're contenders, every single one of them must tell us, what are you going to do?
Where are you going to stand on this existential threat to us, and whether we're going to submit to it, or whether we're going to defeat it?
Are you going to be part of the solution to this problem?
Are you going to be part of the problem with this problem?
And I think the Committee on the Present Danger, China, can help enable that decision to be very clear and the strategy for victory to be very clear as well, and that's our purpose.
steve bannon ▲ ● ▼
Let's go to, let me bring in Dave Brower for a second.
Talk to us about, you've worked with one of the committee members, Kevin Freeman, who's a specialist in economic warfare, and this is about something to protect the American people and their money.
Dave, what is it?
It's a financial advisor school, what is it?
dave brat ▲ ● ▼
Yeah, yeah, he's going to be working with certified financial planners and certifying them, but then sharing alternative portfolio advisors And options, right?
You can weaponize your money, as Frank just got done saying.
Thanks, Frank, for all the work you've done on this and your group.
But Americans just put our money in these pension funds, and these pension funds are working against the interests of the United States.
Some of these pension funds are invested in Chinese weaponry aimed at the United States.
And I'm not making that up.
Kevin Freeman shows this stuff every day.
And so he's joined with us.
There's also great Christian groups out there.
that have financial portfolios aimed at companies that share our values and that don't work against our kids and that do not work against the Judeo-Christian tradition.
And so we're proud to have Kevin Freeman coming on board, sharing his thing, and then we're working with Eventide and Bob Dole and a bunch of other great Christian financial advisors.
We just went down and met 2,000 Christian financial advisors at Kingdom Advisors in Florida about a month or two ago.
And so it's taken off.
People are sick of investing their own hard-earned money into firms that are at war with the American culture.
And I just wanted to close off that last segment with everything I said, with the money still growing at 10%.
You know, the Fed's trying to engineer kind of a soft landing here.
We'll see if they can do that.
The real economy piece, and I shot Cameron a graph.
I'm not sure if Denver got it up yet.
But if you look at the right there, there's your trade deficit data at the far right with the number you just said, the biggest trade deficit we've ever had.
And you can see it aligns with what we put up last week.
Productivity down for 50 years, GDP growth down for 50 years, the construction of American decline with a real interest rate down for 50 years.
And now you just see up till about 2000.
And after it just mirrors we're not serious anymore as a country.
Our thinkers are not thinkers.
They have no backbone and no discipline.
And now it's incumbent on us to educate the American people before we lose the greatest structure, economy and culture on this earth.
steve bannon ▲ ● ▼
In the culture, it is, the underpinnings of that is a strong manufacturing economy.
Frank, let me go back to you.
And by the way, the analysis you did last week, Brett, was dead spot on.
It shows you how we got here today.
Frank, the TSP, you and Roger right now are working on this emergency program to make sure people know, particularly federal government employees and our military, about where their pension, their money for their pension funds are going to support the Chinese Communist Party.
Talk about that and Kevin Freeman.
frank gaffney ▲ ● ▼
Well, the thing is, Steve, that, as I said, all of us are in the same boat.
All of us investing in our capital markets are having our money migrated to, as Dave Brat just said, Corporations that are unfortunately in China, not just waging cultural war against us, they're literally preparing to wage the old-fashioned kind, the kinetic kind, the kind that will kill Americans.
Men and women in uniform, yes, but also probably the rest of us as well.
And this is what makes particularly outrageous What Larry Fink, who, as seems to be the case with just about everything, manages most of the largest pension fund in the world.
It's called the Thrift Savings Plan.
It is the federal government of the United States pension plan.
It provides retirement savings and pensions for our men and women in uniform and, of course, our civilian government employees, past and present, by the way.
So, get this.
Larry Fink, who was told by Donald Trump in no uncertain terms two years ago, you're not going to invest our military personnel and other government employees' money in China.
Period.
And they were slapped down when they tried to do it, the so-called Federal Retirement Thrift Investment Board.
No, we're going to do it in a different way.
We're going to give them mutual funds, and we don't care whether those mutual funds are invested in China or not, and we're not going to tell the pension guys whether they're going to be putting their money there.
So this is a very big problem.
Kevin Freeman's effort, and I couldn't be more pleased about his partnership with Liberty and Dave Brat, is called the National Security Investment Consultants Institute.
And essentially what it's going to do is it's going to train your financial advisor, if you have one, and you should, to get you out of China and invest patriotically instead.
It's a breakthrough, it's so exciting, and I think what we're going to find, especially if you get Kevin on tomorrow, is a lot of people who don't want their money in China are going to have a choice to get out of it.
God bless you.
steve bannon ▲ ● ▼
Okay, we're gonna bounce.
Frank will put up all your access points, your coordinates, the show, all of it.
Comedian and President of the Nation of China, Dave Bradson.
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If you don't do social media, we'll tell people about Liberty.
steve bannon ▲ ● ▼
Thank both you guys.
Short commercial break.
Going to Rome next!
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steve bannon ▲ ● ▼
Okay, I'm up on Getter 24-7, my Getter account.
You go there, I'm putting up analysis pieces all day long, so if you want to get the inside baseball between the shows and kind of get the flavor of the shows itself and the politics, the geopolitics, the economics, please go to Getter, sign up.
Ben Harnwell's on there.
I, you know, I got him off the Twitter.
By the way, Elon Musk's never going to own Twitter.
You notice he was at Milken's conference last week.
Have you announced the financing deal will come together?
No, you have not.
I keep telling people, people are... at this price, I'm not saying he can't own it at a lower price, but he's got to pull this deal, let that thing collapse with that corrupt management team, find out where the bottom is to this business.
I'm not sure it's a... I'm not convinced it's actually a business.
I think it's a prop for the left.
And people say, well, Bannon, why do you keep telling that?
He's just going to buy it.
The world doesn't look like that.
It doesn't work like that.
The guy's not going to step in there with billions of dollars, almost all of it borrowed or leveraged against the margin call on his Tesla stock.
That thing's got to work at that price from day one.
It's a leveraged buyout.
He talked today, he's going to take it public in three years after he takes it private.
So, it's got to clean itself up.
The board's got to clean itself up.
Oh, this should be sued.
He should pull the deal and let it collapse.
My point, I had to get... I talked myself blue in the face for months about Twitter to Ben Harmon.
Why don't you go to Getter and just wind and wind and wind.
It was 6,000 followers on Twitter.
Goes to Getter, he's 120,000 and one of the great voices over there.
Ben, I know you do a live show.
Well, I got you for a few minutes.
You've already been chased by Italian police.
I want to make sure people know he had a great shot set up right near the on the Capitol Hill of Rome.
It's kind of an homage to what's going on here.
But, you know, and I'm sure they knew about your story.
A breaking story today had the Vatican, which we're no fan of.
But Pope Francis, St.
Pope Frank's sitting there saying that he wants to go to Moscow.
And the reason he wants to go to Moscow, he wants to have a frank conversation with him about how NATO, this thing has been caused by NATO, what being a barking dog over Ukraine from the beginning.
Ben Harnwell.
ben harnwell ▲ ● ▼
Good morning, Steve.
Yeah, well, it's an interview which has created huge waves here in Italy.
And the Pope said that the scandal of Putin's war He said on arms testing that this is why wars are waged, to test the weapons we have produced.
remlin to react badly and unleash the conflict.
He said on arms testing that this is why wars are waged, to test the weapons we have produced.
Few people are fighting this trade, but more should be done.
And in a phrasing that will touch a U.S. audience, will make people think automatically of the military industrial complex, the Pope says in Ukraine it seems that it was others who created the conflict.
The war is nothing more than a giant opportunity for, and I quote, a trade in arms, and that the war is still ongoing because of the constant shuttling of weapons to Ukraine.
Steve, looking at these citations that the Pope produced in his interview, it sounds like Pope Francis has been listening to the war room, because this is what we've been saying over the last 10 weeks, and the challenge that I would put down now
Is that for our friends, our progressive friends on the other side of the aisle, if they want to dismiss everything that these arguments have been heard before on the one because it's us that are saying them, are they now going to take a step back and listen to these and give serious weight and consideration Hang on, I'm not concerned about the guys in the progressive left, I'm concerned about the Republican establishment and quite frankly McCarthyist guys.
steve bannon ▲ ● ▼
Remember, the nation just had a trade deficit of $125 billion in one month.
Okay?
We import it more than we export it.
We've destroyed our manufacturing base.
Every person under 40, you're screwed.
Let me just be blunt.
I could use blunter terminology, but it's a family program.
Okay?
On top of this, the Federal Reserve today is meeting to stop the slowdown of the money supply because inflation is out of control and they've been juicing up the markets too much.
They're trying to shrink the $9 trillion balance sheet of the Federal Reserve, which should never be at $9 trillion.
On top of that, they just put up $33 billion for the defense of the eastern border of Russian-speaking Ukraine.
We have an invasion of the southern border of Nancy Pelosi hasn't gone there.
She's there with Zelensky having a cup of coffee on Sunday.
Joe Biden hasn't been there.
Kamala Harris went for a moment, for a minute.
We're an invasion of the southern border.
Did you hear $33 billion?
Where's the $33 billion emergency for that?
They're not there.
They're trying to get more people in here as quickly as possible.
The country's in an economic spiral that's going to crash and burn.
The math here is so brutal.
The things you have to do are so tough and they take a long time.
This is not just a wave of a magic wand and all the manufacturing jobs are back.
It took you 40, 50 years to get here, it's going to take you that long.
This is going to be incredibly tough.
You're going to need smart people, you're going to need people with steely resolve, and you're going to need a nation that backs them.
This is where you come in.
You're the creditors committee.
Ben, real quickly, give me a minute on the Germans also.
The Germans, where do they stand with funding the Russian war machine?
ben harnwell ▲ ● ▼
Well, it's a difficult situation in Germany, because whereas 45% of the German people are opposed to sending heavy weapons to Ukraine, and a further 40% are urging restraint on military support of Kiev in order, and I quote, not to provoke Russia.
And that's a big, substantial majority of the country.
The government itself, and the stance taken by Olaf Scholz, the German Chancellor, is starting to crumple.
And he's starting to bend under pressure, really from the European Union.
And he sent, I think, 50 heavy cannons over to Ukraine.
steve bannon ▲ ● ▼
The heavy cannons, I'm talking about the natural gas we'll get into.
I tell you, Ben, real quickly, give me your coordinates on Getter, because I know people want to see your live broadcast and follow you with all your blinding insights.
How do people get to you?
ben harnwell ▲ ● ▼
It's simply my surname, Steve.
It's Harnwell, at Harnwell on Getter.
And I'll be putting some of my, I'll be putting some of my analysis out on that later on today.
steve bannon ▲ ● ▼
Ben, the next time the police come and try to round, arrest you about, and when you're up there near the monuments with a beautiful shot, hit him with a, hit him with a 20 and see if that can, see if that can back him off for the length of the show.
Just kidding.
Okay.
Back here at five o'clock, five to seven, it's going to be on fire.
We would have Ben on the evening show, but he's already in bed.
Because of what, six hours ahead in Italy?
Okay, be here at five.
It's gonna be intense.
On that, I can promise you.
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