Bannon's War Room·May 12, 2022·Episode 1,851 – PPI: Biggest Jump Since 1950’s; End Of American EconomyEpisode 1,851 – PPI: Biggest Jump Since 1950’s; End Of American Economy·
I'm not using the Club for Growth to knock Kathy Burnett.
Let's make sure we get it straight and listen to what I say, okay?
Because this is going to be very intense between now and Tuesday, and this audience is going to determine who the winner is.
What I'm saying is that, and look, I have been and I am on record with Peter Navarro and Steve Cortez.
So please, when you put someone on Twitter, understand that Stephen K. Bannon, Peter Navarro, and Steve Cortez have fought Club for Growth from day one, and I'm the guy that stood up against Club for Growth when President Trump first came on the scene.
I was against Club for Growth for years.
For years, totally disagreed with what they did.
They're totally anti-populist and they're anti-economic nationalist.
So please be specific.
All I'm saying, okay, and I think Posobiec had a good take on this, is that it's not about Cathy Burnett.
It's been vetted by them.
She's not, her economic policies, but we don't know.
I haven't heard Cathy walk through her economic policies, and you in the audience haven't either.
So let's just be, let's have a frank conversation.
And that's one of the things I think people have to vet and you should go to the events and you should ask Kathy.
She wants to be United States Senator because this is, the general election is going to come up.
So we've got to weigh and measure everybody.
I do agree with Jack Posovic that Club for Growth is coming in here as a counter and the big donors of that Club for Growth against Trump.
But that also should go into your calculation.
I didn't say you should decide your decision, but you should weigh all of this.
Remember, the power of the War on Posse is the fact that it is large, it is engaged, it is activist, and it makes things happen.
Action, action, action.
But it also can think things through.
And this goes to Georgia on the 24th.
Understand what's happening here with the establishment.
Trump's got them on their back foot.
Right, they've got a huge article, at least on Politico today, that I did put up on my Getter account.
That's why I want everybody to go to Getter, because we kind of dual-track this.
If you go to Getter, it talks about the North Carolina race, and it talks about the former governor, who was quote-unquote a conservative, has now been blown up in the Senate race, and how much Trump has shifted The Republican Party to be a populist party, to be a nationalist party, to be economics of America first, okay?
The Club for Growth has opposed that.
The establishment, Bush establishment, opposed that.
It's not a random thing, ladies and gentlemen, that when Herbstert lost to the Ricketts apparatus, and that's what happened, okay?
And Herbstert had baggage, and they played dirty at the end, but it is what it is.
As soon as Herbster lost, Ricketts, who has national ambition, Christie, who still has national ambition, even if it's a joke, Doug Ducey, who still has national ambition, the three of them team up with Kemp.
Those are the four best, I think they're the four last RGA guys, heads of the RGA.
That is the establishment telling you that Waterloo is going to be on the 24th and it's going to be in Georgia.
They're coming all in and they're coming hard.
They just finished the Bush and the Karl Rove fundraiser for camp.
Karl Rove's all over this.
Pennsylvania, whether you like it or not, or whether it's... Let me just give you a reality.
It is a waypost.
It's a signpost on the way.
Right?
And that's what Club for Growth's coming to to chop block Trump.
And Jack Posobiec, look, Jack Posobiec lays out the case against Oz.
We're going to have Rick Grinnell on.
Ambassador Grinnell is going to come on and give his assessment of the vetting of Kathy Barnett.
And Kathy's, you know, she's a big, tough hombre.
She'll be able to handle this and we'll get through this.
So I'm not saying the club, I'm not making a ding.
I'm just saying there's a fact.
The Club for Growth is coming in and it's a fantastic ad.
It's the best ad, it's probably the best ad of the cycle.
Because it's not a tearing down ad.
Okay, we've got a lot to get through, and I've got to get through it.
So, I've got Dave Brat.
Dave Brat joins us.
Dave, we're obviously crushed for time today.
We've got a lot going on.
But, I've got to get you in here.
This producer price index, it's the worst since the 1950s.
And I don't know if the calculations, because it's 11% year-over-year, or 13%, but these are numbers that have not been seen before.
The inflation's out of control, no matter how much they want to spin it.
And no matter how much they want to blame it on Putin, and people, we were going to have one of the energy experts, people on the East Coast, the diesel fuel in the truck stops, I think is about to go through a massive supply problem.
Yeah, well, if the guys in Houston and Denver can pull up the first slide, I want to go to the fundamentals.
I'm going to show you what the problem is and then what the solution is.
And inflation is a big piece of this story, but it's not the fundamental piece, right?
Everybody knows you just did the $5.2 trillion budget piece.
That's hugely inflationary in the printing of money.
But here's the Obama economy, right?
Productivity 2 percent.
And then coming out of COVID, after 2 percent GDP growth, which is the same as productivity growth, we're jumping up and you're seeing numbers like 5 and 6 percent economic growth, From 2%.
How in the world does that happen?
That's the problem.
How that happens is you have $5.7 trillion budgets lopped on top of $30 trillion in debt and $9 trillion in funny money created by the Fed.
Before I go to that next slide, how do your buddies, how do all the buddies, all the buddies you're up here having big dinners with at the fancy restaurants, all your buddies in the Republican Party in the House vote for the $40 billion not paid for for Ukraine, Dave Brat?
I don't want you to start, you know, yawning and ducking on the economics.
You're the crew that has to understand what I'm about ready to go over on these Purple versus green lines here, right?
This is the answer to our way forward.
After God and the Constitution and family.
The economy is right there at about number four.
And this, here's your chart right here, right?
So on the top, those four bars, that's the U.S.
productivity decline.
From 50 to 70s, we were growing at two and a half percent up there.
The green is what's called total factor productivity.
Now, don't start yawning.
I'm the professor.
I'm looking at you.
The purple is capital, right?
You all know what that is, right?
You put capital in the hands of Americans.
Americans get productive.
We know what to do.
72 to 95, total factor productivity goes bye-bye.
I'm going to explain what that is in a minute.
It's the most important factor relating to our economy.
That's why I'm going over this.
95 to 05, you got the dot-com bubble.
We started investing again, the purple, there in computers, technology, software, all that kind of stuff.
But I'm taking this from Robert Gordon, Northwestern.
I gave you John Taylor's the best guy on inflation right now.
Gordon's the best guy on productivity.
He's been doing this for 30, 40 years.
This is not some anomaly.
It's not some headline news piece.
This is solid economic research that started before all the political craziness.
And then now look at 2005 to 15.
Which is the same going through 22.
It's the same answer.
The green is almost gone to nothing.
Capital investment is shrinking, shrinking, shrinking.
And this is the source of our demise, right?
It explains why the Fed has to do $5.7 trillion budget scams.
It explains why the Fed has to do $9 trillion in funny money to blow that thing up.
Now, let me just explain the green.
Everyone hold with me right here, because this is a big deal.
So you're a person.
You're productive, right?
So you got labor productivity.
That thing can be broken into three parts.
One is your education.
Two is the amount of capital you work with.
If you strip those two things out of you, right?
So the only things left is you got yourself less your education, less the amount of capital work you work with.
The most important part is your innovation and ability to work with technology or technological growth, right?
Your ability to have new ideas, to innovate, That is the source and genius of America.
That thing is fading to zero.
Europe's right below there, right?
You can just see they came out of the war hot right back in the 50s and they just had steady decline with no grain either.
And so the solution here is we've got to get our economy back instead of outsourcing to China, putting all of our key industries and sectors and military secrets up for sale to China and the rest of the world.
Putting all our chips in other countries, etc.
We've got to get things back here.
And so what leads to innovation?
Research is key.
The federal government is key.
And with tens of millions of dollars, which is chump change in terms of a 20 trillion dollar economy, they can incentivize universities and research sectors to take along their whole ideological line.
So all the funding everybody knows the university comes from the Fed is tied to federal strings.
Where's the last time you've seen any studies about American greatness, the harm of China, American small business, any of the things that make this country great?
And so if we want to get back at it, we got to get the Fed out of this research mess and realign incentives.
So we're studying the things that made us great in the past and putting capital, innovation, entrepreneurship back in the hands of Americans.
So the acting director, Dr. Lawrence Tabak, was in front of the House Appropriations Subcommittee last Wednesday.
A lot of things came out of that committee, including This is a big deal because this shows a cover up in that we complied in that cover up.
was removed because the Chinese communist scientist had requested it to be removed.
This is a big deal because this shows a coverup in that we complied in that coverup.
So early genome sequencing can give you a hint whether it was a lab leak or whether it happened in some other way, like it went from animal to another animal to humans.
And now there's significant evidence that shows it was definitely a lab leak.
And to learn, after all this time, that we have that original genome sequences, and it was removed because a Chinese scientist requested it?
And we know on the other side, in China, In September of 2019, they were very proud of their work working on the bat coronavirus and seeing, you know, if it can infect human beings.
They would publish their data.
And in September 2019, all of a sudden, all that was removed.
Now remember, In that fall is when we started seeing the mysterious illness.
Mike Lindell's the lead story in The Guardian today.
They're freaking out.
They say he put $30 million in going in to make sure that we can decertify the Biden electors in the 2020 stone election.
He's on fire.
Make sure you support him.
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Dr. Maria Ryan.
I cannot emphasize enough, because people say, Steve, the intro is getting old, Fauci's numbers, not pandemic.
Ladies and gentlemen, hang on there.
Just chill.
We got this.
This is blockbuster news that goes to the heart of the corruption, the infiltration by the Chinese Communist Party, what actually went on.
And we're going to get it all done and we're going to drill down.
So just we got it.
OK, that's where we got to take power in November.
Dr. Maria Ryan, we only got a couple of minutes.
Walk me through again.
I want to make sure you're very specific.
Who took it down?
This was the genome sequence that showed that this was man made out of a lab.
Okay, Dr. Li-Ming Yang, we had people on here from day one, from literally, we had people on here in January 2020 talking about this and this genome.
Who took, the guy admitted at a house meeting last week, testimony, who took down the original sequence, the original genome sequence, Dr. Maria Ryan?
Under the direction of Dr. Francis Collins, who was the director of the National Institute of Health, who has since retired last December.
And Dr. Anthony Fauci, the director then and still is director of the National Institute of Allergy and Infectious Diseases.
They both were compliant in this.
When another doctor who noticed it missing, because it was originally posted and then the request came from the communist Chinese scientists to take it down, and they did it.
Another doctor said, why was that removed?
I want to see it.
I'm writing this paper.
I want to include the genome sequences.
Allegedly, that doctor, Dr. Bloom, was told, we can make your paper go away and there'll be no trace of it.
By the way, Captain Van, I want to make sure we get the domestic terrorism letter up from the whistleblower under Jim Jordan's signature.
Other massive news coming out about they're trying to designate the Moms for America and other groups.
All you people going to the school boards as domestic terrorists.
And they've been lying about it and they've been caught.
Let's go.
We got Michelle Bachmann.
Let's go to Congressman, now Dean, Michelle Bachmann and Rutkowski.
We're going to get him on his.
And this is because of the War Impostor and the exposure the show does.
They were able to find I think late last night there actually is a comment time on the World Health Assembly, World Health Organization, all of this stuff about American sovereignty being given.
It's HHS, it's Global Affairs, the people in charge of this.
Michelle Bachmann, tell us what's going on and how can people participate and have your back on this?
unidentified
This is an action step that everyone that watches the program can actually do.
You can send your written comments in and this is what we're urging people to do.
We have an avalanche of comments.
Come in to the Health and Human Services Secretary.
The link is up at the War Room.
So go and find the link and you can write your written comments.
They didn't give it much advance notice.
The public comment period is tomorrow, May 13th.
It's between 10 in the morning and noon.
So a two hour period, Eastern Standard Time.
But you have to have an RSVP.
I've written in and requested to be able to be a presenter for them during that time period.
I don't know if I'll get to be on.
Anyone could go and request.
I urge everyone to request to be a speaker.
But even if none of us gets to speak, we can all send an avalanche of written comments against this.
Again, this is something we can do.
We've been urging people to work for senators, congressmen, governors, attorney generals, and that's good.
We're starting to penetrate.
But this is something that we can actually do so that our Health and Human Services Secretary who will lead the delegation to Geneva, Switzerland, May 22nd to 28th for the purpose explicitly of giving away American sovereignty over our health care decisions to the Director General of the WHO that is currently occupied by Tedros.
So we can have a comment period.
I would urge people within the next 24 hours to put your written comments in.
They can be very brief to say, you will not give away American sovereignty to the United Nations.
Tell them that this is unconstitutional.
You'll know what to say, but this needs to be done and it needs to be done quickly.
See, my assessment that it is a fascinating race, no doubt about it.
You've had Oz and McCormick going after each other in a big way, and Kathy Barnett sort of got up the middle, and she's going to J.R.
Majuski, right?
She is no doubt MAGA, no doubt a supporter of President Trump.
Having said that, it is also correct that candidates have to be vetted, because elections have consequences as we are seeing very much in this country right now.
And we have to win this general election, and Fetterman is going to be tough to beat.
It looks like Fetterman over Lamb now, but Fetterman is going to be tough to beat.
Also, and I've said this before and I'll say it again, it is very important, very important for the MAGA movement to continue to show its strength under the leadership of President Donald J. Trump, who's 58 and 1 right now.
President Trump is 58-1 in his endorsements, and the one is that Nebraska with Herbster.
Herbster would have lost by 25.
If not for the President, only lost by, you know, a couple points.
The Club for Growth, which is establishment, globalist, have now come in for Kathy Barnett as a direct way to counterbalance and attack President Trump.
This isn't some sort of hobby, and this isn't a week.
We're playing for keeps here, folks.
American politics is the most important contest in the world.
There's nothing close to it.
This Pennsylvania race is vital.
This is a full contact sport.
And it ain't, you know, it ain't summer three days.
We're in the playoffs now, folks.
And it's not about, oh, you know, I like this person better, I like that person better.
President Trump has endorsed Dr. Oz.
President Trump had the discussion with Dr. Oz, both on Mitch McConnell and on making sure to stick to MAGA policies.
Ain't sure is Dr. Oz the perfect candidate for everybody at MAGA?
No, he's not.
And did I like the thing on Sean Hannity yesterday?
OK, I've asked Rick Rennell, who I know very, very well and had a long time of working with as a colleague, to come on.
And I want everybody in the audience, this is very, people are very emotional about this.
Everybody's up on the ramparts about this.
OK, so we've got to think this through.
And Cathy Burnett, we're talking about the vetting of Cathy Burnett.
And last night I thought it was, I thought Sean Hannity and Dr. Oz, I thought it was ham-handed and I thought it was a lot like Megyn Kelly tried to take out Trump and Fox tries to take out Trump back at the 2015 debate in Nevada.
And she failed because of Breitbart.
And let me be blunt, Stephen K. Bennett, we came in hard and Ailes called me and said, you got to back off.
I said, we're not going to back off, we're tripling down.
So, I got Rick Grinnell, Ambassador Grinnell.
Ambassador, you know more than probably anybody, because you were Ambassador to Germany, Trump sent you over there to make sure we didn't have these fiascos like we have today with Russia.
You also came back as the acting Director of National Intelligence, which all the intelligence services rolled up to.
You were the guy that did all the releasing of the documents, a little bit of the documents we got, it was because of you.
You probably know better than anybody, particularly in the administrative state, the issues we had in the first term, Yeah.
Well, first of all, Steve, thanks for having me.
they really turn out to be like.
And so last night, being that's a little ham-handed, you're a guy of discernment and judgment.
Walk us through your concepts of Kathy Barnett and how she should be vetted, Ambassador Rick Grinnell.
Yeah, well, first of all, Steve, thanks for having me.
If I can just say on a side note, not only do we need to kill this $40 billion Ukraine boondoggle, but here is the thing, we shouldn't feel bad about it.
We give billions of dollars to the United Nations, which can't get it together.
There are 12 peacekeeping operations around the world.
Americans pay one-fourth of that.
We're already very generous.
Don't feel bad, because we're already funding these programs.
And so, we shouldn't feel bad that somehow we're going to put America first.
Before I get to Katharine, did Kevin McCarthy, because if I had this and I didn't know the information, a lot of guys called me, voted and said, oh, I didn't know it.
Did Kevin McCarthy, because if I had a question about this situation and about that $40 billion, on the top two or three guys I would call would be Rick Grinnell.
Did Kevin McCarthy call you and ask you your thoughts on this $40 billion package before he whipped the vote in the House of Representatives, sir?
No, and one of the problems that we have is we have too many leaders who just fall prey to the media scandals and emotions.
Look, every single person looks at what's happening in Ukraine and their heart breaks.
But Steve, if we put Fox and Newsmax and CNN in the Congo for two weeks, we'd have these crazy politicians in America calling for a no-fly zone in the Congo or Mali.
The heartbreak is around the world and so We created this thing called the United Nations so collectively we could solve some of these problems.
Why aren't we holding the United Nations accountable?
Well, they're the first step on some of these things.
Don't turn this around and say that America has to be the one that's constantly in charge when we, you know, our infrastructure here is crumbling.
I'm tired of having people pretend like somehow we should feel guilty.
I mean, that's what I love about you, Steve, is that you're a fighter and you can remove yourself.
I'm a fighter.
I ignore the media.
But the problems, as you point out, of not vetting people and not understanding, you know, what they're going to face in the scrutiny of the media and like it or not, This is Pennsylvania, and the media there are rough and tumble.
And look what they've done to Donald Trump.
We have to play smarter.
We have to put our best foot forward.
We need a Republican to win the general.
And I think that Kathy Barnett has just come out of really nowhere and hasn't been vetted.
I mean, we're now seeing people who are doing simple Google searches for what she's said in the past or what she believes.
And look, I want A fighter and I want to have somebody who's going to represent our movement.
Kathy Burnett is going to lose the general election.
And this is something that Donald Trump looked at very carefully in his whole team to say, you know, who is going to be best?
And Dr. Oz from the Trump team's analysis.
Is going to be the best person, but getting back to the vetting.
Well look, as you know, I'm gay and I'm a proud conservative and I have spent my adult life taking on the gay lab.
I've been somebody who has been screaming about the Red Ribbon campaign of Hollywood being useless.
And the entire gay left community can't stand me because I'm taking the fight to decriminalize homosexuality to make sure that you don't just put someone in jail just because they're gay to the Arab world.
We now, our work is in Arabic and Farsi and we're taking this fight to these people who want to put gay people in prison.
You just do a simple Google search of Kathy Barnett and what her beliefs are about gay people It's barbaric, Steve.
She doesn't want to be in a plane with gay people.
She's saying, please pray for me because I'm about to see a female homosexual.
There are multiple tweets like this.
And I get if you're religion, you don't want to jump up and down about me being gay.
Fine.
I'm not asking for people's approval.
But what I am asking is for total equal rights.
You can't just say, I don't get to go into businesses.
And that's one thing that she has said.
How do we support this guy who wants to ban gay people from his business?
She literally said that.
Now, let's just be practical and honest.
That's not going over in Pennsylvania, people.
That's not going to win in the general election.
And so I wanted to take a step out.
And I know people can be angry, but I'm receiving a ton Of support from people that are saying, she has not been vetted and we got five days to go.
And, uh, I, I just feel very strongly that we've got to play smart and not lose.
And I've also, by the way, I just want to give a shout out.
I've endorsed Dave White for governor of Pennsylvania.
I think he's a great guy.
Really somebody who has gotten this MAGA movement, which is working class, first and second generation Americans, people who love America.
And I'll say it again, I think our problem in America is the 5th, 6th, 7th generation white liberals who have been teaching our kids for 20 years to hate this country.
We're the greatest country in the history of the world and we're worth fighting for.
There could not be a more important race here than the Senate primary in the MAGA movement right now.
Obviously, the governorship is very important.
It looks like Mastery has a gap there.
The other one's a dead heat, and Kathy has done this by her bootstraps.
There's been virtually no money at all.
I want to make sure that everybody, particularly all the audiences in the Commonwealth of Pennsylvania, I want to make sure that you go to these events, that you question people.
Uh, that you weigh and measure and ascertain and, uh, if you make the, uh, make the argument that Kathy's, uh, vetted, then go make the argument that Kathy's vetted.
But we gotta get, uh, there is a logic here that you've gotta get a great MAGA candidate, a great MAGA candidate that can win the, uh, that win the general.
We need to see.
So I know there's going to be a lot of emotions and a lot of intensity and we're going to provide a full opportunity for people here to kind of make their case.
We want tons of, in fact I'll have Captain Bannon circulating getting questions from people, but I want the best thing we saw in Ohio is show up at the event if you're if you're in Pennsylvania.
There's events all over.
Oz has got events.
Kathy's got events.
McCormick's got events.
Make sure you go to these events and get a time.
Introduce yourself.
Say you're a war room watcher.
These questions came up.
I haven't had this answered.
I want to ask you about China or I want to ask you about the trans...
We've got a lot going on.
Dr. Oz or or Kathy where do you stand on economics or did you actually say this about that ask him and get the response because this is going to be there's no more debates. It's all just it's all just running through the tape right now. OK. We've got a lot going on this big big reveal that Rogowski and his team pulled last night I think because of of of the show and getting out there and getting his message out more that there is a public comment time
tomorrow at Health and Human Services Global Affairs. They're the ones that are running this operation to transfer American sovereignty to W.H.O.
On the same day, we got blockbuster news coming out of this hearing in the House that the genome was actually taken down by NIH.
You now understand one of the reasons that Collins, Dr. Collins, who ran the entire operation, Resigned.
We're going to have Dr. Bregan on next.
Jim Rogowsky will get as much in as possible.
We're also going to be at 5 o'clock tonight, so we could not be more intense here.
Pennsylvania primary coming up, the primary that's got both a governorship, the nomination for the governorship on the line with Mastriano and team, and of course Kathy Barnett, Dr. Oz, Dave McCormick all in this really too close to call right now sprint to the finish in the Commonwealth of Pennsylvania.
Short break.
Dr. Birgham will join us next.
unidentified
War Room, pandemic, with Stephen K. Bannon.
The epidemic is a demon and we cannot let this demon hide.
This is a must read along with the Fauci book by Bobby Kennedy Jr.
Dr. Naomi Wolf's book coming out.
You see what happened with NIH and Fauci about the genome sequence.
It's absolutely outrageous.
Dr. Bregan, I want to make sure, because I want a million hits on this thing, how important it is for both professionals like yourselves to get in the slot tomorrow to actually be able to talk, but for just our audience out there, how important is it to them to have a voice and to make sure that their comments are sent forward on email about this shift of American sovereignty from the citizens of the United States to the World Health Assembly and the World Health Organization, sir?
Well, what's happened is the amendments, which were actually created in HHS by our government, remove all restraints from Tedros.
They take away the restraints on his declaring a health emergency in a country.
He can now declare a health emergency in a country if the amendments pass on May 22nd through May 28th.
He can declare a health emergency in a country without consulting with the country, without getting any information from the country.
And if the country resists, he can go ahead and within 24 to 48 hours, he can begin to mobilize all the resources of the UN against the country, which is resistant to saying that it has a health emergency that might influence other nations.
And it is a wide open power that he has.
There's no definition of health emergencies.
It's strictly up to him in the is very clear in these amendments.
He just decides that his priorities on how to declare a health emergency.
It can even be only a possible or potential health emergency and it's specified.
He doesn't even have to know the source of the exact nature of the emergency.
So they're making him a dictator over declarations of health emergencies.
And then he can mobilize many, many different organizations within the UN, the UN itself can take actions.
And the World Bank is a part of the UN related to the UN.
So is the IMF, they could put pressures on the country financially in that manner.
So this is a It's extremely destructive.
It is part of the Joe Biden, let's level America so we are absolutely not exceptional so that we are like another one of the countries of the world, a third world country.
It's extremely destructive.
It is totally against everything we stand for in the United States.
Dr. Bering, real quickly, we got about a minute or so, but if you read Plato about the guardians and you're one of the senior most respected guys in the medical profession, this is really taking it to the people that are supposed to be our better selves.
It is a part of the elite global control that I describe in COVID-19 and the global predators.
On the one side, the controllers of who are the Chinese Communist Party and then Bill Gates and Schwab and that group.
Gates has put a ton of money into the World Health Organization.
So you've got the worst of two worlds.
You've got the communists on the one hand who control Tedros, and then you've got the globalists and the The whole works that's being presented by Klaus Schwab as the new direction to go in America, which is really, this is really the New World Order.
I want to correct two myths quickly.
One, that the Senate has to approve this.
That is not so.
The international law, legally binding, says that we have to obey the regulations of the World Health Organization.
We're a member of it.
That's how it would stand right now.
If the Senate took a stand, then we would maybe have some clout, but the Senate is, you know, at this point would not be taking a stand.
Another myth is that this is about pandemics, and it's not.
This is about eventually seizing total control over world health.
I want to just quote briefly what Tedros said a few days ago.