May 5, 2022 - Bannon's War Room
48:54
Participants
| 
| Speaker | Time | Text |
|---|---|---|
| Good morning. | ||
| Let me ask you about the economy, though. | ||
| We're talking about some of those cultural issues, but front and center, at least Republicans hope so, will be inflation and how expensive, as you know, it is to go fill up your car with a tank of gas or to scan through a grocery line these days. | ||
| Unemployment is low, yes. | ||
| There are more jobs than we can fill in this country, yes. | ||
| But people are having trouble paying for things right now. | ||
| How do you address that to voters come fall? | ||
|
unidentified
|
I think we agree with them that yes, prices are too high. | |
| And we explain what our process is and what our plan is to bring those prices down. | ||
| Listen, we also need to remind Americans of what this president and this administration and having a unified Congress has been able to do. | ||
| That we saved Americans' lives. | ||
| The Democrats were the one that saved Americans' jobs and Americans' businesses. | ||
| And if you stick with us, We're the ones that are going to bring us out of this inflation and supply chain issues. | ||
| That if you go to the other side, none of these things are going to be there. | ||
| And that's the clear message that Democrats have got to be laser focused on, to agree with Americans that yes, this is in fact true. | ||
| Yes, you are facing these problems. | ||
| We have addressed the others, just like we faced COVID and we got us out of it. | ||
| We faced job loss and businesses being closed and we got us out of it and we as Democrats are the only ones who care about your everyday life and we're going to get you out of it also. | ||
| And to make choices about their own health care against lowering the cost of prescription drugs and if that remains their platform, the president's view is that is out of whack with the mainstream of the country. | ||
| The press secretary says the president's focus won't be on Trump directly, but on the candidates who are, quote, under the whim of the former president. | ||
| And Joe, I just, I still think this might be a step behind, because when you're looking at Trump's hold on people, it's cult-like. | ||
| It literally matches the definition of a cult. | ||
| And extreme, that still is in the category of normal. | ||
| Extreme versus not so extreme. | ||
| I think we're talking about something completely different. | ||
| Yeah, well, we are, especially with the Washington— And why not use the words? | ||
| Especially with the Washington politicians who are just acting like freaks. | ||
| I mean, there have been, you know, hundreds of thousands of words written about working class and middle class Americans and why they were attracted to Trump's populist message at the beginning, why they're still disaffected and still don't want to go back to mainline candidates. | ||
| But we need to look. | ||
| The type of candidates that Jen Psaki and the White House are talking about, we need to look at what's before us and how extreme these Washington politicians, these MAGA Washington freaks are. | ||
| You know, the New York Post reported that an influential House Republican said that being in the military is, quote, like throwing your life away and should never let her son go into the military. | ||
| Is that Middle America? | ||
| Another high-profile Republican called freedom fighters like Zelensky a thug and called the Ukrainian government that's fighting Putin, quote, incredibly evil. | ||
| He's also the guy that carries loaded guns to airports and films himself engaging in really disturbing acts. | ||
| He needs help. | ||
| Also, their fearless leader, Donald Trump himself, keeps calling Putin a genius, keeps calling the invasion of Ukraine brilliant, and keeps refusing to condemn a war criminal. | ||
| Okay, okay. | ||
| I can't, I can't, I can't. | ||
| I'd rather listen to Mika. | ||
| Actually, I would. | ||
| I'd rather listen to Mika. | ||
| That's what we referred to this morning, Mika. | ||
| Can we get, I've got Cortez and I've got Harnwell in Rome, and we've got a packed show today. | ||
| Including Michelle Bachman as a very special guest. | ||
| We've got a lot to do, a lot of wood to chop here. | ||
| Can I ask Denver though to play, because I had it in originally, we bounced it, but let's play Biden on what he thinks of our audience, what he thinks of the Warren Posse. | ||
| Go ahead, let it rip. | ||
| What happens if you have a state change the law saying that children who are LGBTQ can't be in classrooms with other children? | ||
| Is that legit under the way the decision is written? | ||
| What are the next things that are going to be attacked? | ||
| Because this MAGA crowd is really the most extreme political organization that's existed in American history. | ||
| In recent American history. | ||
|
unidentified
|
Okay, we've got another one too. | |
| We've got to hunt down the ULTRAMAGA. | ||
| He's got MAGA crowd. | ||
| He's got ULTRAMAGA. | ||
| Ask yourself today, which one are you? | ||
| Are you MAGA or ULTRAMAGA? | ||
| I think we're the home of ULTRAMAGA. | ||
| Yes, I think War Room is the home for ULTRAMAGA. | ||
| Just saying. | ||
| Maybe we'll put that to a War Room Posse test later. | ||
| Thanks, everybody. | ||
| It's the 5th of May, May 5, Year of Our Lord 2022. | ||
| We're here. | ||
| We're live. | ||
| We've got a lot to get through today. | ||
| You can't have any of these discussions without talking about this, about the economy, about the balance sheet of the Federal Reserve. | ||
| Finally, things we've been worrying about for months and months and months. | ||
| Now they're finally addressing it. | ||
| And you heard in the beginning what the person, they were saying, how they got to run. | ||
| They got to admit that the whole thing's messed up, but they fixed everything to date and they've got a plan for getting through here. | ||
| We could give you hundreds of cuts like that, of stuff we've gone through and processed, where they're now going to try to pivot. | ||
| And here's the reason. | ||
| There's a brilliant piece in Politico. | ||
| Maybe I'll play that a little later in the B block. | ||
| I'll show it where they said there's not enough votes on the abortion thing. | ||
| There's just not enough juice. | ||
| There's not enough squeeze in the lemon. | ||
| They had this fantasy for decades and decades that this was a defining thing. | ||
| As soon as Roe v. Wade came up, they're going to win. | ||
| They're going to unite the Karens of America into one army of Karens. | ||
| It's not going to work, and you can go through the math and see it's not going to work. | ||
| I think they're understanding now in the last 24 hours, although they're freaking out, because they've cut Ukraine totally off the TV. | ||
| I think they're going to have to go back to that. | ||
| They want to definitely get Powell and the economy off. | ||
| But they got to figure out where their narrative is. | ||
| Let's get in. | ||
| Let's bring in. | ||
| Let's bring in Steve Cortez. | ||
| Ben Harner has got a great analysis of a piece that's up in The Guardian that talks about why Biden needs Ukraine for domestic purposes. | ||
| The wag the dog of it all. | ||
| Steve Cortez, your assessment of yesterday of first off of what you just heard there, that now and remember, this narrative is very important. | ||
| They've stopped calling it Republicans in the last 48 to 72 hours. | ||
| It's now MAGA. | ||
| It's MAGA. | ||
| I'm good with that. | ||
| I'm good with that. | ||
| It's MAGA. | ||
| Fox News is Republicans. | ||
| War Room is MAGA. | ||
| I got that. | ||
| I'll take that. | ||
| You're now MAGA. | ||
| Which is an extreme version. | ||
| They're going to lump you all into something. | ||
| This is an extremist movement. | ||
| Brother Cortez, and let's talk about how the establishment's handling the economy and your assessment of what's transpired with the Federal Reserve and Treasury and the Biden regime over the last 24 hours, sir. | ||
| Well, Steve, you notice that Biden and his acolytes and his amen corner in the complicit and corrupt corporate media, they don't talk policy. | ||
| They don't wanna argue with us. | ||
| They don't wanna persuade Americans that they have the right agenda. | ||
| Instead, they castigate and demonize our movement. | ||
| And look, if they wanna call us MAGA, fine by me. | ||
| And if they wanna call me ultra MAGA, perhaps even better. | ||
| You know, if they were to put me on trial for being ultra MAGA, and by the way, if they had their druthers, they would put us all on trial. | ||
| But if they wanna put me on trial, I hope that the jury will come back with a unanimous guilty verdict. | ||
| Yes, Cortez is ultra MAGA. | ||
| I am, because you know what else is ultra, unfortunately, which isn't fun, is inflation in this country right now. | ||
| So to your point about the complete mismanagement of the United States economy, and remember this, this is critical. | ||
| Donald Trump, the handoff from Trump to Biden was a magnificent one. | ||
| We had an economy that was surging back to life with incredibly low inflation. | ||
| It was the Trump boom 2.0. | ||
| The first Trump boom was the first three years of the Trump presidency, which culminated in 2019, which by most measures was the best year for workers statistically in all of American history, particularly blue collar workers. | ||
| That was unfortunately massively interrupted by the CCP virus, by the epidemiological dirty bomb that the CCP unleashed on the world. | ||
| But the Trump boom 2.0 was building with momentum in fantastic form until Joe Biden came in and poured cold water all over it. | ||
| And now we are reaping the unfortunate harvest, the bitter harvest of his terrible policies. | ||
| His war on American energy, his absolutely exorbitant borrowing and spending that has created an inflationary spiral that we haven't dealt with in this country in 40 years. | ||
| And the consequences for real Americans are dire and they know it. | ||
| And that's why The Democrats and the corporate media are dying to change the conversation. | ||
| They don't want to talk about the two things that matter most to everyday Americans, and they are the two I's. | ||
| Immigration and inflation. | ||
| Immigration and inflation. | ||
| They want to talk about anything but that. | ||
| And they think that they have found this sort of bonus, that they've sort of won the political lottery. | ||
| With this Supreme Court victory, and as significant as that victory is, and it's a huge deal, particularly for the pro-life movement, which toiled for decades to win that movement. | ||
| Steve, I concur with you that politically speaking, in terms of these 2022 elections, it's just not going to be that material because the people who are most animated, who are most outraged by the fact that abortion is going to be returned to the states where it always belonged, those are not votes we could have ever gotten anyway, Steve. | ||
| So it's not, mathematically, it's just not that consequential. | ||
| What is consequential and what matters to independent voters and swing voters and even a lot of Democrats who can be persuaded is inflation. | ||
| Their prosperity is declining every single day. | ||
| They are working harder just to stay in the same place or to slowly erode in terms of their standard of living. | ||
| That's the reality that has been created for tens of millions, hundreds of millions of Americans by the mistakes and errors of Joe Biden, Nancy Pelosi with Complicity from the establishment right, which is why we have to be just as critical and just as harsh on establishment Republicans who thankfully really took it on the chin in Ohio with JD Vance on Tuesday. | ||
| To be MAGA is to get to the bottom of the problems in this country. | ||
| In the next block, we're actually going to talk about the American family. | ||
| Terry Schilling is going to join us with Cortez, but I want to do some simple math and I don't know if it's all right because I've kind of done on the back of an envelope. | ||
| We're still we still haven't come to grips and we haven't gotten a solution except doing Trump's couple years of Trump in in the financial collapse of 2008 was brought on by Wall Street. | ||
| Okay, Wall Street and government combined the uniparty. | ||
| When the collapse of Lehman Brothers, everybody remembers that? | ||
| Because everybody remembers the bankruptcy of Lehman Brothers and the financial collapse of 2008, I think September 16th, 17th, but Lehman went bankrupt on the 15th. | ||
| When the Federal Reserve and Treasury and Paulson Bernanke went over to Bush's office, I think on the morning of the 17th, the balance sheet of the Federal Reserve at that moment was $880 billion. | ||
| The national debt of the United States, the face amount of national debt of the United States was, I think, 6.4 trillion dollars. | ||
| Okay? | ||
| Today, as we speak, ladies and gentlemen, what is it, Steve? | ||
| Do some math. | ||
| We're 14 years later, okay? | ||
|
unidentified
|
Yes. | |
| We have 31 trillion dollars, 31 trillion dollars of face amount Of debt, and $9 trillion on the Federal Reserve. | ||
| Right. | ||
| In Trump's first year, when we inherited from Obama, was I think, I don't know, $5 trillion? | ||
| $6 trillion? | ||
| Donald Trump in his first year, in his tax cut, in the restrictions on immigration, the tariffs started put on Canada and China and other people, before even the skinny deal, right? | ||
| He took what nobody gets credit for, He took a trillion dollars out of the balance sheet of the Federal Reserve. | ||
| That has not been done since the collapse in 1917. | ||
| We've had this thing called Quantitative Easing, which he just created. | ||
| The Chinese Communist Party virus, which nobody wants to talk about, although they've got 400 million people in lockdown in China right now, we're going to talk about, Steve's going to talk about their economy. | ||
| Add one more thing. | ||
| Yesterday morning they announced, hey, as big as Roe v. Wade is, and yes, it's huge, game-changer, all because of Trump, right? | ||
|
unidentified
|
Right. | |
| The one thing they cover up and they never talk about on the business networks, on the Financial Times, in the Wall Street Journal, The trade deficit for the month of March, ladies and gentlemen, was $125 billion. | ||
| Do you want to know why your sons and daughters and people, why the kids can't pay back the $1.6 trillion of college loans? | ||
| Besides the fact they're taking gender studies or whatever they're taking? | ||
| All those jobs are over in China. | ||
| And by the way, Lao Bai Jing's not high-fiving because they're working for slave labor wages. | ||
| They'd like a little something. | ||
| They'd like a little relief. | ||
| The math here is so overwhelming and all you have is spin and happy talk by all of them. | ||
| By all of them. | ||
| Steve, let's talk some of that math. | ||
| You know, just yesterday when we were on the air on your show, just yesterday, 10-year Treasury yield hit 3.0%. | ||
| It was just February. | ||
| It was just weeks ago when we hit 2.0 to the upside, which we thought was a very big and ominous deal, and it was. | ||
| Well, it only took a few more weeks to hit Three percent. | ||
| What does that mean for mortgages? | ||
| 30-year mortgages, fixed rates, start of the year at 3.25 percent. | ||
| They are now at about 5.35. | ||
| Have gone up two full percentage points this year in just 2022. | ||
| So what was already a really difficult housing market for first-time aspirational buyers. | ||
| You know, you mentioned young people who are having trouble paying their student debt. | ||
| If those people want to start families, get married, buy their first home, Impossible. | ||
| deep, they are completely priced out because of Biden's inflation. | ||
| And then when you couple that inflation with BlackRock and other massive institutions who have entered the single-family home market in a major and systemic way for the first time in American history, Biden's past, the same globalist Davos set who made us acquiesce to the Chinese Communist Party, they have made getting financial life started impossible for young Americans. | ||
| Schilling's going to join us. | ||
| We're going to talk about the American family next in The Way Out. | ||
| How do we get out of this mess? | ||
|
unidentified
|
next in the war room War room We rejoice when there's no more, let's take down the C.T.B.! | |
| War room Pandemic. | ||
| With Stephen K. Bannon. | ||
|
unidentified
|
The epidemic is a demon and we cannot let this demon hide. | |
| War Room. | ||
| Pandemic. | ||
| Here's your host, Stephen K. Bannon. | ||
| You see, they don't have an answer because they got us into this jam, but it's more to blame than them. | ||
| They're going to take the political heat for it, but it's a much deeper problem with our establishment. | ||
| By the way, I'm going to go to make sure everybody understands our strategy here. | ||
| It's two guns! | ||
| Number one, at night, because we don't get a lot of sleep here. | ||
| We're laboring oars all night. | ||
| We've got Ben Harnwell in our European office. | ||
| We're talking to people all over the world, so we've got to get a great night's sleep. | ||
| Make sure you go to MyPillow.com. | ||
| Promo code WARNER. | ||
| In fact, the great Mike Lindell is going to come in from Mar-a-Lago today at 1130, give us an update on 2,000 mules and other things he's working on, the court cases he's got pressing for. | ||
| Make sure you go to MyPillow.com. | ||
| We've got the buy one, get one free sale in towels and pillows, in sheets. | ||
| certain items buy one get one free and also children's pillows biblical pillows and blankets so check it all out exclusive to the war room buy one get one free go there today plus hundreds of other items on sale the in addition when you get up you gotta get jacked up and Steve Cortez is always talking about coming over here and loving the coffee that's because we got Warpath Coffee. | ||
| Go to warpath.coffee. | ||
| This is a company owned by Navy SEALs and Special Operators. | ||
| We're their marketing partner. | ||
| Go to warpath.coffee. | ||
| We got the Mariners Blend, which is the dark roast. | ||
| Then you got the Breakfast Blend. | ||
| It's a little lighter, but it's got a kick to it. | ||
| It's called Black Powder. | ||
| You can get either one. | ||
| Put in War Room, you get 15% discount. | ||
| And this is what keeps us jacked up all day. | ||
| Understand, some people say, Steve, sometimes you're a little too jacked up. | ||
| That's why I have Ben Harnwell as my wingman. | ||
| Count me down. | ||
| OK, I just want to reiterate and we pride ourselves in doing this show in pandemic and that, you know, we've got hedge fund desk all over the world. | ||
| We've got news producers all over the world. | ||
| But this show is for MAGA. | ||
| It's for activists. | ||
| And we do so much economics and capital markets because this is the great forces in the world, the flows of capital, the driving of technology, the driving of economies. | ||
| Right? | ||
| This is what we call signal, not noise. | ||
| A lot of stories we don't chase, that other people do, they do a much better job, but we think it's very important, and particularly in the run-up to the 8th of November. | ||
| And Steve, I just want to make sure people understand, when we talk 10-year treasury, we're talking inverted yield curves. | ||
| We're trying to do a modicum of teaching them that the capital markets and monies have an overwhelming influence on your life, at your business, your home, your children, all of that, sir. | ||
| Well, and here's the problem, Steve. | ||
| Even if you don't really care about economics, or let's say you don't even care that much about politics, guess what? | ||
| The left is going to force you to care because of what they're doing. | ||
| What I mean by that is what they're doing right now with inflation. | ||
| Everyone cares. | ||
| Everyone has essentially been forced to become an activist, even if that's sort of their natural bent. | ||
| So you're right. | ||
| We don't want to fixate only on financial markets, but it certainly is critical. | ||
| And I never think financial markets, by the way, should drive policy. | ||
| I think often policymakers in Washington, D.C. | ||
| Pay too much attention to the stock market, but it is one input that does matter. | ||
| And by the way, based on that input, right now as we speak, Steve, the stock market yesterday had a massive rally. | ||
| Massive. | ||
| Because Jerome Powell, the chairman of the Fed, got up with a bunch of happy talk and said, of course we're going to achieve a soft landing. | ||
| This is the same guy who lied through his teeth for a year plus and told us that inflation is transitory. | ||
| He has zero credibility in my mind, but at least yesterday, for the day, the stock market was relieved and it soared. | ||
| Guess what? | ||
| Fast forward just this morning, and right now as we speak, Steve, the Nasdaq is down more than 3% on the day. | ||
| We're only an hour into trading, and it has given up all of yesterday's gains. | ||
| Why? | ||
| And again, I don't want to fixate on stocks, but why? | ||
| It's because of the inflation. | ||
| The same inflation that is crushing the working single mom is now starting to crush even big tech. | ||
| I shed no tears for these big tech companies, but still, it's another input that matters. | ||
| Biden has created an economy, and I will say this about Jerome Powell, and I think he's a totally dishonest political maneuverer, okay? | ||
| So I don't want to give him excuses, but I will say this. | ||
| He's in an almost impossible situation right now. | ||
| Because of his mistakes, because of the Fed's mistakes, but also, more importantly, because of what Joe Biden has done to him in the last year, the corner that he's been painted into, which is why, Steve, again, I believe, and we've been saying it, I think, very consistently in the war room for a long time, it's not a matter if we're going into a recession. | ||
| It's a matter of how deep the recession is that it has, in fact, already begun because of Joe Biden's policies. | ||
| I want, if one thing you can take away from the shows we've been doing for now for a while, and I do wash, rinse, repeat on this, because I'm trying to make sure you understand and give you an anchor to be able to think about, particularly as decisions come forward, so you can kind of have something that you can think about when people are talking to someone on TV. | ||
| We had a kind of a problem like this before. | ||
| Back in the 70s and 80s with the runaway inflation, a guy named Paul Volcker was appointed by Carter because the thing was out of control. | ||
| And of course, he raised Fed funds for 500 basis points, I think, Steve, in one afternoon to choke it out. | ||
| Ronald Reagan came in and had his back. | ||
| Divine Providence gave us Reagan and Volcker, and we were able to literally save the country and then ultimately take down the Soviet Union with essentially economic warfare. | ||
| We don't have the luxury today, and this is when Joe Scarborough and Mourning Mika call us MAGA and ULTRAMAGA. | ||
| We are, because we've said you cannot go, the Wall Street oligarchs, the woke corporation, the tech oligarchs, and the Uniparty, the guys, they're running dogs up here in Capitol Hill. | ||
| We're not that nation anymore. | ||
| And when I say not that nation, let's leave the cultural aspects of it and the stick-to-itence of it and all that, all the problems we've had of the long march through the institutions by the left. | ||
| I'm just talking about certain mathematics. | ||
| Three basic points. | ||
| Number one, we were the world's largest creditor nation back then. | ||
| Creditor nation. | ||
| We're the world's largest debtor nation today. | ||
| We were a manufacturing Goliath that astride the world, like Colossus. | ||
| A manufacturing superpower, because we really took no hits. | ||
| We were the arsenal of democracy in World War II, and we really took no hits on our country. | ||
| The rest of the world was devastated. | ||
| And three, we were an exporter nation. | ||
| We export it. | ||
| We had those three fundamental things. | ||
| You had a balance sheet you could work with, you had a manufacturing base you could work with on revenue, and you had on trade. | ||
| You weren't upside down yet. | ||
| Now we're the exact opposite. | ||
| Yeah, go ahead. | ||
| On trade, because I think this is so crucial, because the ivory tower academics, right, have been telling the U.S. | ||
| and the establishment Republicans And Democrats both bought into this nonsense that trade deficits didn't matter. | ||
| Of course they matter, and you're exactly right. | ||
| In a bygone era, we insisted on fairness and reciprocity in trade. | ||
| And we were not beholden to foreign sourcing of critical goods. | ||
| Things like pharmaceuticals, semiconductors, military equipment. | ||
| The exact opposite, unfortunately, is the case now. | ||
| And those are the consequences of decades of globalism. | ||
| People and organizations like the club for growth that insisted that the United States become dependent that we surrender in trade to the CCP to the to the massive detriment of working class citizens and working class communities all over the United States. | ||
| We but here's the good news to that's the terrible news, right? | ||
| The good news is we can reverse all of this. | ||
| We know the prescription to reverse all of this, to insist upon on-shoring in this country once again. | ||
| And we can get back to that place where we used to be, particularly into the 1980s, before we lost our way at the hands of the globalists. | ||
| Now, here's more good news. | ||
| The Club for Growth is increasingly losing its grip on American politics, losing its grip on the Republican Party. | ||
| So the globalists, whether it's getting us into constant, needless interventions, war fighting and nation building all over the world, The globalists have lost credibility there. | ||
| They're now losing credibility on the economy because regular Americans who, again, may not be all that involved politically or may not follow financial markets in a close way, they are realizing in their personal lives the ravages of inflation. | ||
| And again, the globalists are the enemy here. | ||
| The establishment, the ruling class has been unveiled, and that is a good thing ultimately for our country. | ||
| While we're on this, we'll go back to the family in the next block, we'll keep Terry on. | ||
| Let's talk about China, because the inextricably linked nature, since we're a tributary state, we've got more bad news for you coming, ladies and gentlemen, because the half a billion people that are in hard lockdown in China, that's going to blow back here to your personal life. | ||
| Steve Cortes. | ||
| So Steve, the CCP, the Chinese Communist Party, has instituted totally draconian, tyrannical, and unscientific lockdowns. | ||
| Yet again of the biggest cities in China. | ||
| And as a consequence, if we have this chart, please, let's show the chart of Chinese services. | ||
| PMI, Purchasing Managers Index. | ||
| These are widely watched because PMIs are done globally in basically the same way. | ||
| So it gives you good apples to apples comparisons. | ||
| That chart right there goes back five years and the massive first dip roughly in the middle of the screen. | ||
| That's the lockdowns of the spring of 2020. | ||
| 2020. That's when the C. C. P. virus really ravaged and crashed the global economy and then bounced back relatively well. But here's the terrible news, Steve, because of these lockdowns in China right now, the situation couldn't be more different. We have an America which thankfully, particularly in the red states, has aggressively reopened, has learned to manage virus virus risks in a responsible manner. They're doing the opposite in China and look at what happened to their P. M. I. Report again. This is a critical | ||
| report. It's the second This just came out this morning. | ||
| Now, look, we in America, unfortunately, can't control what the CCP does and their disastrous policies. | ||
| But there's two issues here. | ||
| Number one, as you mentioned, we're in some ways a tributary state. | ||
| We're far too dependent on China for our sourcing. | ||
| So in the coming weeks, what you see on that chart, unfortunately, is going to flow through to the United States in renewed shortages here, even higher Inflation in the United States. | ||
| But the second aspect, Steve, and this is what's so worrisome to me, is that into that first downturn, the United States thankfully had incredible economic momentum because of the economy that Donald Trump had built. | ||
| So in other words, we went into the spring of 2020 incredibly strong. | ||
| It's like a person, if they got an illness but they were incredibly fit and then unfortunately they get an illness, way better chance of handling it, right? | ||
| What we have right now is the U.S. | ||
| hobbling into this next Chinese crisis, unfortunately. | ||
| We are hobbling into it. | ||
| So we have gotten sick when we're already in a very weakened and weasened state, unfortunately, because of Joe Biden. | ||
| So the consequences, I fear, are going to be very dire. | ||
| This is what we'll get to Ben in that interior. | ||
| We got a lot to jam through here, but this is after the breakup of the empires and World War One, right? | ||
| What was left over was this catastrophic of catastrophic. | ||
| They didn't really, you know, the economic consequences of the peace. | ||
| The treaty was so one-sided and didn't work and they didn't really rejuvenate that you had this long financial crisis, economic crisis that turned into a capital markets crisis with the Great Depression that then turned into the Second World War. | ||
| The First World War really never ended and then metastasized. | ||
| This is why the 20th century is the most bloody century in mankind's history. | ||
| This is what you're seeing now. | ||
| The inextricably linked nature of these economies and this is why what's happening in Ukraine is so dangerous. | ||
| And what the United States regime, government, with the Uniparty, and the Republicans too, are trying to escalate, escalate, escalate. | ||
| We're in a dire and very dangerous financial and capital market situation economically, globally. | ||
| Potential famine, all of it. | ||
| And now we've got a war that could metastasize very quickly. | ||
|
unidentified
|
Okay. | |
| Harnwell, Cortez, Schilling next. | ||
| We don't even have paid family leave. | ||
| We don't even have affordable childcare in this freaking country. | ||
| Okay, and the people who fight against those kinds of laws are Republicans! | ||
|
unidentified
|
And yet- What do you want them to do with their kids when they have to go to work? | |
| What do you want them to do? | ||
| What do you want them to do? | ||
| I want them to answer that freaking question! | ||
| Answer the question! | ||
| Journalists, ask them the question! | ||
|
unidentified
|
Ask them! | |
| Ask them! | ||
|
unidentified
|
Isn't it amazing? | |
| Goddamn! | ||
| Ask them! | ||
| The f***ing question! | ||
|
unidentified
|
God! | |
| Isn't it amazing that not one Democrat has shown 1% of the passion that Anna has today? | ||
| They don't care! | ||
| They don't care! | ||
| They're fine! | ||
|
unidentified
|
They're fine! | |
| They don't care! | ||
| They're all so old, they don't have to worry about it affecting them, and if they're young enough where it would affect them, they'll get their abortion! | ||
|
unidentified
|
They're gonna fly to Paris! | |
| They're trading individual stocks, enriching themselves! | ||
| They're good! | ||
| They're good! | ||
| They don't care about you! | ||
| Make sure you understand that and you feel it in your bones, they don't care about you! | ||
| At all! | ||
| All of that fundraising, all of that canvassing, all of that hard work on the ground, they can't even get a voting rights bill passed! | ||
| They're losers! | ||
|
unidentified
|
Trisha Briggs writes in, thank you Anna for communicating this momentous injustice and the rage we're all feeling today. | |
| If we're gonna sit around and wait for our elected lawmakers to protect us from these religious zealots and these right-wing authoritarians, man, we have another thing coming. | ||
| How many times do we need to be disappointed by them? | ||
| I'm done with them. | ||
| I am personally, I don't speak for everyone in this network, I wanna be clear, I'm speaking for myself. | ||
| I'm done with them, completely. | ||
| The Democratic Party, every single one of them, that includes the squad, I don't care anymore. | ||
| They have not delivered. | ||
| They have not delivered. | ||
| I'm done. | ||
| It's time to organize, create organizations that get women and get people in this country what they need. | ||
| People who are willing to pick up the slack for these disgusting, feckless, corrupt politicians. | ||
|
unidentified
|
That's what we need to focus on. | |
| This is why, ladies and gentlemen, now I realize a lot of people are going to say that's Anna Kasparian and she's a left-wing radical and everything like that, but to the core of what she's saying, you have to listen. | ||
| Because who can come up with a solution for that will govern this country for 100 years. | ||
| This is about families. | ||
| OK, it's about kids and having lots of kids and kids that are healthy in a nation that's prosperous, that has great jobs, and it's all there before us. | ||
| We can do this. | ||
| Right there, you're seeing the destruction of the Democratic Party on November 8th. | ||
| Because people like that understand that just like the Reiners, the Democratic Party is a bigger scam. | ||
| A bigger scam. | ||
| And that's why African-Americans, this is why working-class Hispanics in the Rio Grande Valley, this is why Asian-Americans are coming to this inclusive nationalism and participatory populism. | ||
| Where, yes, you have a voice when you go to a school board, you are part of the precinct strategy, you go, you're part of the elections. | ||
| That you're actually a populist movement where you are actively counted on. | ||
| And made to be there. | ||
| So leave aside the fact that she's left-wing and forget the fact that's the Young Turks. | ||
| That anger and frustration is pointed at the Democrats that have not come up with a solution. | ||
| Right? | ||
| And somebody says, oh, Bannon's a left-wing Democrat. | ||
| No, no, no, no. | ||
| Far from it. | ||
| That's why I want Cortez and Terry Schilling. | ||
| I want to go to Terry first. | ||
| We're kind of limited for time, Terry, because Steve's going to bounce after the end of this. | ||
| But Terry, walk us through, you've made American Principles Project to focus on the American family. | ||
| Cortez has been working to come up with an economic plan that focuses around the American family. | ||
| Walk me through why Anna Kasparian is not totally crazy when she's sitting there shrieking and yelling at this. | ||
| There's actually a lot of, there's a big kernel of truth in what she's talking about. | ||
|
unidentified
|
Well, thanks so much for having me, Steve. | |
| Listen, what we have done in America over the last 50 years, since Roe, Is we've created an economy. | ||
| That doesn't work for families. | ||
| You go back 50 years, you could support a family on one income, not two and multiple part-time jobs afterwards. | ||
| You could support a family on one income and be very comfortable, have a lot of children, and be very comfortable. | ||
| Again, the problem with Anna's argument is essentially she's saying, you have to let us kill our children because we can't afford them. | ||
| Well, the Republican solution here, and this is a big opportunity for Republicans. | ||
| They'll either take it or they won't. | ||
| This is their strongest argument against overturning Roe, is the economic disincentives. | ||
| If they can address this, we will have a 100-year majority for 100 years. | ||
| We have to make it easier to afford families. | ||
| We have to get rid of the taxes. | ||
| We should not be subsidizing child care as much as we are. | ||
|
unidentified
|
We actually have a lot of these programs. | |
| I don't know what she's talking about when it comes to subsidizing child care. | ||
| That's like all of child care is subsidized. | ||
| What we need to do is eliminate taxes for families. | ||
| We need to provide, you know, first-time homebuyer assistance, forgivable loans, stuff like that. | ||
| We need to get back to living and supporting families off of one income. | ||
| Because right now, both mom and dad have to work just to make ends meet. | ||
| And if they want to get ahead, they have to pick up an extra shift as an Uber driver. | ||
| It's not sustainable, Steve. | ||
| Okay, by the way, I want to hear a lot of feedback in the chat rooms. | ||
| This is the beginning of a conversation, okay? | ||
| The War Room and MAGA are going to come up with a solution here. | ||
| Steve Cortez, you have spent a lot of time thinking about this, saying that, hey, the future of the MAGA movement, the future of America, is healthy, robust families, okay? | ||
| It's what the Cultural Left's trying to destroy. | ||
| It's what the Groomers are trying to destroy. | ||
| It's what Disney's trying to destroy. | ||
| Our movement is predicated and based upon the American nuclear family. | ||
| Steve Cortez. | ||
| Steve, I think this is the biggest single policy goal, I hope it is at least, of the America First movement to again empower American families to not just survive, but to thrive on a single income. | ||
| Because Terry's exactly right. | ||
| I'll just tell you from my personal experience, Growing up in the 1970s and 80s, it was the norm in my very middle-class neighborhood on the south side of Chicago. | ||
| It was the norm that large families, including my own, I'm one of six children, thrived on a single income. | ||
| All of us went to Catholic school. | ||
| We didn't have luxuries, but we had a nice, comfortable, middle-class life in America. | ||
| That was the norm. | ||
| It went away, and Steve, we hardly even talk about why. | ||
| Now, I think the principal reason is globalism. | ||
| There are various reasons, but I think that's the most important one. | ||
| Is is globalist economics and how do we fix that well number one obviously retrench from globalism so demand on shoring I think number two Limit if not eliminate temporarily immigration to this country so that so that working-class wages start to rise again But then also I want to go beyond that I want to get actually volitional and how do we actually induce people to have children? | ||
| How do we encourage them? | ||
| To have these strong families and to have many children. | ||
| Well, financial incentives work, and we know they work if we look at the country of Hungary. | ||
| We can learn a lot from what is happening there. | ||
| So I believe in direct financial incentives. | ||
| For example, I think it would be very sensible for this country to say, any woman who has a birth, $10,000. | ||
| We will give, literally give you $10,000 in recognition of the financial cost that you're going to bear. | ||
| We want your child to be strong and healthy. | ||
| I would say it's further slow say this how about we juice it for a woman who is married $20,000 if you're married in addition to that I think loan programs like hungry is doing make a lot of sense where we give either low interest or no interest loans to families and they are forgiven over time if they stay married if they have more children these kind of There's two points. | ||
| That rant of hers is important and the other one we put up on TikTok is important. | ||
| And listen, Anna, you know, she might be nuts on a lot of things, but her righteous populist angst here is actually well placed. | ||
| She's right that we are being totally abused by the ruling class. | ||
| We just have totally different solutions to this problem. | ||
| There's two points that it's that rant of hers is important. | ||
| And the other one we put up on TikTok is important. | ||
| This shows you the problem that Democrats have internally. | ||
| And this is why we have a unique opportunity to destroy that party root and branch, because the real passionate ones like her aren't going to be there for him. | ||
| They realize it's been a bait-and-switch, right? | ||
| Now, it's for us to come up with policy solutions, policy solutions that predicate around the American family. | ||
| And I realize a lot of guys, particularly the Atlas Shrug crowd, are going to say, oh my god, you know, all of us uber-minches don't want that. | ||
| It's going to be a conversation, but we have to get to a solution to this. | ||
| We have to get to a solution for the American family. | ||
| I came from, you know, five kids all went to Catholic school on a single income of my dad who worked for the phone company for 50 years. | ||
| Right, Steve? | ||
| The neighborhood was the exact same. | ||
| The moms were homemakers. | ||
| And people, when I had this thing on firing line with Hoover, when the Hoover woman took over the firing line, and she was grilling me on her show, and I started going back to about you and Terry's concept of the American family as a centerpiece. | ||
| And she goes, oh, isn't that just some patriarchal, white, heterosexual fantasy, handsmaid's tale I don't think so. | ||
| I think if you gave every Hispanic and every Black American and Asian American an opportunity to have a shot at that, two-thirds of them are all in. | ||
| And that's all we need. | ||
| Go ahead, go ahead. | ||
| Yeah, Steve, this is really important, you know, because here we are, you know, three guys, right, talking about this. | ||
| So before we get accused of, oh, this is just patriarchy, First of all, and I wrote about this in National Pulse a while ago, it actually I think has gotten more clicks, more reads than any article I've ever written about empowering single income families again. | ||
| And I put all the polling in there. | ||
| Women tell us that they want this. | ||
| So this is not men pressing this upon women. | ||
| All of the polling shows us overwhelmingly that women prefer this. | ||
| That they want to at least have the option. | ||
| We're not telling them they have to stay home. | ||
| And by the way, we're not saying it has to be the woman. | ||
| We're saying that we want a single income, To be able to support families so that families have the option to do that. | ||
| Clearly some families are going to decide they want both parents to work. | ||
| Fine. | ||
| As long as they have the option. | ||
| That's the point here. | ||
| So this is not patriarchy. | ||
| This is not condescension. | ||
| This is the opposite. | ||
| This is empowering families to thrive again because Terry's exactly right. | ||
| We have prioritized multinational corporations rather than American families and the cultural consequences for this country have been dire. | ||
| You can't make America great again until you make the American family great again. | ||
| That's the centerpiece of it. | ||
| We're not saying we have the policy solutions, but we've got to work through them. | ||
| We've got to work through them together, because this is going to be the beating heart of... And remember, this November is a referendum on this illegitimate regime, okay? | ||
| And we're going to sweep this thing out and toss it into the dustbin of history, right? | ||
| But with great power comes great responsibility, right? | ||
| After you take over, after you take the House, after you set the predicate for President Trump's landslide victory in 2024, we have to deliver. | ||
| And what are we going to deliver on that? | ||
| That's why we got to start having detailed discussions about this right now. | ||
| There's a lot of those. | ||
| And we're going to do it on the show. | ||
| We're going to start putting people out there. | ||
| Terry, you fought a great fight. | ||
| How do people get to American principles and how they follow you on social media? | ||
| I'm just shilling $17.76 on all the social media platforms, Getter, Twitter, TruSocial, and it's just SaveTheFamily.app. | ||
|
unidentified
|
Sign up, join our big family today. | |
| How's the baby? | ||
|
unidentified
|
She's great. | |
| She's growing. | ||
| She's a little fussy, though. | ||
| Otherwise, she'd be joining me today, but she's doing great. | ||
| She's growing. | ||
| Steve, I just want to say one real quick thing. | ||
| We need a Marshall Plan for families. | ||
| You coined it. | ||
| You coined it on this show a few months ago. | ||
| We need a Marshall Plan for families. | ||
| We come up with that. | ||
| We're going to win every election from here to Kingdom Come. | ||
| By the way, the Marshall Plan for Families, we're about to spend $33 billion in a border dispute in Ukraine with Europeans not putting up a penny. | ||
| I talked to a bunch of guys in Europe and they said, well, they don't want to put any money in. | ||
| And $33 billion. | ||
| How about let's start the Marshall Plan for Families? | ||
| Instead of doing that, let Europe and the oligarchs in Ukraine do that. | ||
| Why don't we spend the $33 billion? | ||
| Just let's spend the $33 billion here on the American family. | ||
| Somebody said, oh, that's all, can't, you know, this would count. | ||
| No, no, no. | ||
| If you're going to spend, if the Republic is going to vote for it anyway, here, I got an alternative. | ||
| Let's spend the $33 billion and we'll get Anna Kasparian, we'll get her on the advisory committee. | ||
| You're the creditor committee for the bankruptcy of this nation. | ||
| Cortez, how did it get to you? | ||
| Schilling, the Marshall Plan for Families, we're going to come back with Schilling. | ||
| Cortez, how did people get to you? | ||
| Yeah, please find me on Getter. | ||
| I'm at Steve over on Twitter. | ||
| I'm at Cortez. | ||
| Steve Cortez with an S. And I want to say to the whole audience out there, but particularly Mexican-Americans, Happy Cinco de Mayo. | ||
| Happy Cinco to you. | ||
| Esteban Bannon. | ||
| Thank you very much, sir. | ||
| Since you are from the great nation of Colombia, that's not cultural appropriation. | ||
| That comes from his long lineage. | ||
| Cortez, thank you so much. | ||
| You're fantastic. | ||
| Okay, we've got a real conversation. | ||
| We're going to have to really drill down on this. | ||
| The Marshall Plan for Fairness. | ||
| Remember MAGA. | ||
| They call you ultra-MAGA. | ||
| They said you're the most dangerous, radical, political movement in the history of the nation. | ||
|
unidentified
|
That's what Biden said yesterday. | |
| To make America great again, we've got to make the American family great again. | ||
| It's been abused for many, many, many decades. | ||
| And we're going to reverse that here. | ||
| Kevin Freeman on economic warfare next in the War Room. | ||
|
unidentified
|
Big Tech monitors us, censors us, de-platforms 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. | ||
| On Getter, you can express your political beliefs without fear of Silicon Valley liberals coming after you. | ||
| Getter is led by former Trump advisor and War Room co-host Jason Miller, who saw what Big Tech did to President Trump and decided to fight back. | ||
| Getter is the fastest growing social media platform in history with millions of users, including prominent conservatives like Mike Pompeo, Steve Cortez, and Steve Bannon. | ||
| Join Getter. | ||
| It's in the App Store, the Google Play Store, and at getter.com. | ||
| Longer posts, longer videos, sharper and clearer pictures. | ||
| And unlike the Silicon Valley oligarchs, Getter will never sell your data. | ||
| Send a message today. | ||
| Join Getter. | ||
| It's time to cancel, cancel culture. | ||
| Okay, we've got a bunch of stuff going on. | ||
| These webinars have worked. | ||
| The Committee on the Present Danger webinar was so powerful that we're going to do it again on this Monday. | ||
| It's not going to be a Committee on the Present Danger webinar. | ||
| It'll be one put on by satellite phone. | ||
| But it's going to be about censorship, the phone, all that. | ||
| I'm going to kick it off. | ||
| It's going to be at 12 noon. | ||
| So make sure you guys go to uutv.us to sign up. | ||
| There's only, I think, 1,200 slots. | ||
| We had more than that for the... That's what we had for the Committee on the Present Danger, China. | ||
| So we're limited space. | ||
| Go to uniformuniformtangovictor.uniformsierra. | ||
| That's uniformuniformtangovictor.uniformsierra. | ||
| Go there today. | ||
| Sign up. | ||
| It's totally free, right? | ||
| You're gonna hear information about how your phone tracks you, all this, and also about censorship, and I'll be giving comments and doing some Q&A at the very beginning. | ||
| Also, now that you've heard all the bad news through the first hour of the show, go to GodBlessTheUSABible.com. | ||
| This is Lee Greenwood's Bible. | ||
| It's got the King James Version, Old and New Testament. | ||
| Old and New Testament, plus the divinely inspired, providential founding documents of our beloved Republic, all in one binding. | ||
| Go there today, put in promo code WORMY, get free shipping and handling. | ||
| But go check it out. | ||
| It's something that now more than ever you should be using. | ||
| A lot of talk about the Twitter deal, the cap table was laid out, Elon Musk just announced, there's an announcement on CNBC that he would be the interim CEO. | ||
| I've got a lot to say about this deal, the probability of closing, which is zero at this price, given the math that's been exposed. | ||
| As I told you before, all of Elon Musk, for all the fanboys out there in Conservative Inc., all of his cash comes out of Shanghai, comes out of China. | ||
| And who are the big financiers of this deal? | ||
| They put a cap table out, it's Sequoia Capital, which is a front, Sequoia Capital is a front for the Chinese Communist Party, so he's got, he has put together a digital This is going to be the town hall, the digital town hall for the Belt and Road Initiative, essentially. | ||
| He's got Qatar, he's got Sequoia, he's got a lot of bad hombres. | ||
| He's got a couple of good guys in there too, Larry Ellison and a couple of other guys, Wittig and some, but this is filled with deep pockets from the Chinese Communist Party, including Sequoia Capital. | ||
| Okay, I want to go to Kevin Friedman. | ||
| Kevin's Economic Warfare, he's one of the founders of the Committee on Present Danger. | ||
| China, we talked yesterday, we had Dave Bradd on about this new Talk to us, Kevin, about economic warfare, of your work and what you're specifically doing to make sure that people understand about their investments and pension funds being weaponized against us, right, by these fund managers and others that really don't care about the country, sir. | ||
|
unidentified
|
Yeah, thanks, Steve. | |
| You know, it's a Trading Places story. | ||
| Twenty years ago, or thereabouts, the Chinese Communist country Had an economy that was smaller than the size of Italy. | ||
| It was a tenth of the size of the American economy. | ||
| And over the past two decades, our elites have literally sold us out. | ||
| You can use the word trader here. | ||
| They've done everything possible on Wall Street, in Washington, even in Hollywood, to make America go down and China go up. | ||
| And the worst, most offensive to me is I have an investment management background. | ||
| I worked for the great John Templeton. | ||
| The most offensive thing to me is that we have paid them to do that. | ||
| We've used our investment money, and Wall Street has put all sorts of woke investing, ESG criteria on American companies, exempted Chinese companies, and put American dollars into Chinese companies, where the Communist Party uses them to build weapons, to repress their own people, human rights violations, social credit scores, and all of that. | ||
| And that, we're mad about this. | ||
| In fact, we're mad as hell, and we're not going to take it anymore. | ||
| Kevin, so talk to us about specifically, you're working with Dave Bratt and Liberty's getting to be a rising institution of higher learning. | ||
| You've got Bratt running the business school down there. | ||
| He's as good as they get. | ||
| You're fantastic. | ||
| Talk to us about what you guys are doing together on this financial planning to certify these folks. | ||
|
unidentified
|
Yeah, we were training financial advisors. | |
| We had two pilot classes, one at a Hillsdale College function, one at Oklahoma Westland. | ||
| But we knew that in this modern age, and particularly with COVID and all the restrictions that we had, we needed to go online. | ||
| And nobody is better at online than Liberty University. | ||
| I think they have 100,000 students. | ||
| They're a pioneer. | ||
| They're in the top five largest online universities anywhere. | ||
| And we have a certification course. | ||
| It's eight weeks. | ||
| It starts May 30th. | ||
| Financial advisors can go, sign up, and learn how to help their clients get out of China, get out of woke investing, and invest patriotically. | ||
| They can learn more about it at nsic.org. | ||
| That's where advisors can enroll. | ||
| And if you're a client or if you're somebody who wants an advisor, you can go to economicwarroom.com forward slash advisor and sign up or nominate your CPA, your financial planner, your stockbroker, your insurance agent. | ||
| Anybody that helps you with your money ought to be trained in helping you get your money out of things that destroy our values. | ||
| and into things that are patriotic, that enforce our values, and also hopefully get great returns. | ||
| This is why Freeman, Kevin Freeman, is doing the Lord's work here. | ||
| This is very important, right? | ||
| To make sure that your capital, what you've worked for, what you've saved for, your savings, your insurance policy, your capital, is not used by the enemies of the Chinese people and the American people and the world, the criminal element, in conjunction with a criminal element on Wall Street. | ||
| Let's be blunt about it. | ||
| What they've done to this nation, what they've allowed to happen to this nation. | ||
| Kevin, how did they get to your site? | ||
| How are they following you on social media? | ||
|
unidentified
|
Yeah, well, economicwarroom.com, you can go there and it'll have access to all the social media. | |
| You can click and see all of that. | ||
| But if you're a financial advisor, go to nsic.org. | ||
| National Security Investment Consultant, so the initials, nsic.org, and you can enroll in this class. | ||
| It starts May 30th. | ||
| The people who enroll will find a large number of Americans are mad as hell. | ||
| They want out of the Chinese investments. | ||
| And they want to invest patriotically. | ||
| We get calls every day. | ||
| Hey, help me find an advisor. | ||
| I've got 5 million, 20 million, 15 million. | ||
| Whatever. | ||
| They're looking for advisors. | ||
| Even people with 100,000, 50,000, or 10,000. | ||
| Kevin, you're doing great work. | ||
| We're going to push this and obviously on the run-up to it, get all over it. | ||
| So, Kevin Freeman, thank you very much. | ||
| Kevin Freeman, Economic War. | ||
| We're now working with Dave Brat down at Liberty University. | ||
| The great Dave Brat. | ||
| It's a powerhouse. | ||
| Okay, another powerhouse is John Solomon. | ||
| And the real powerhouse is Michelle Bachman. | ||
| She's in the house. | ||
| Starting next hour. | ||
| Give us 90 seconds. |
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