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June 16, 2022 - Bannon's War Room
48:51
Episode 1,935 - You’re Being Lied To Across The Board About The Economy; The World Is Awash In DebtEpisode 1,935 - You’re Being Lied To Across The Board About The Economy; The World Is Awash In Debt
Participants
Main voices
m
mike lindell
08:15
s
steve bannon
28:39
Appearances
d
dave brat
04:18
d
dave walsh
02:41
Clips
a
anthony fauci
00:07
s
steve stern
00:28
| 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.
So you don't want to frighten the American public.
France and South Korea have also got evacuation plans.
But you need to prepare for and assume.
Broadly warning Americans to avoid all non-essential travel to China.
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 ▲ ● ▼
It's Thursday, 16 June, Year of the Lord 2022.
We've got Dave Walsh, our energy expert.
Dave Brat, an economist who now is the Dean of the Business School of Liberty.
I've got Ben Harnwell from Rome.
We've got a lot to go through.
We're staying on the economy, geopolitics, all of it, because the way it's going to wash over your life.
The other thing I want to make sure people know, please understand, is that I've been talking about this now for at least six months, this thing about the Great Resignation.
I told people, hang on to what you've got right now.
Don't be getting cocky.
Because every time, remember, every time Biden stands up and says anything to the economy, it's an outright just stone-cold lie.
This hasn't been the greatest thing.
These are just people going back to work from the collapse in aggregate demand and supply chain issues that the pandemic brought on, as we talked about on January 20th of 2020, when we shifted the show from impeachment to pandemic.
We told you everything was going to happen, right?
So he brags about that.
And he talks about most jobs.
Revlon just announced bankruptcy this morning.
Revlon was, wait for it, wait for it, wait for it, over leveraged and had supply chain issues with China.
Okay.
You're going to see now, these hedge funds are going to start blowing out of these positions.
Blowing out.
Forced liquidation.
You're going to see forced liquidation.
Overload.
The world is awash in debt.
At country level.
At community level, I don't want to mention the nine trillion dollars of unfunded pension liabilities.
You think that, remember, the nine trillion dollars of local and community, that's not corporate unfunded pension liabilities, right?
These are unfunded pension liabilities at the state level and I think at the county level and urban level, city level too.
That nine trillion unfunded, the net present value of that, ladies and gentlemen, is based on the market that was up.
This was Tesla at 1.2 trillion dollars.
By the way, how's that Twitter thing turning out for everybody?
We called it.
We called it.
We can understand the math.
We do the math here.
This whole thing about the great... You're going to see unemployment jack up.
Red fin yesterday.
The tech is in a bottom... All these cocky young kids running around with great resignation.
I feel like, you know, I'm not finding myself.
I'm not finding myself.
You're about to go through a mini Great Depression here and you're about to get a stern lesson in global economics that your grandparents got.
That's right, your grandparents.
Guys like my dad, They came from a certain generation, and they had a lot of resolve, and they were very team-oriented, but they understood how hard times would be.
They were so grateful for what they got during the war and then after the war.
It was like a whole different deal.
They were very grateful every day.
So, you're going to find out, if you've got a job, hold on to it.
Because there's big league layoffs coming.
You can tell that these companies are crashing right now.
They're going to start laying off people.
And then I want to hear big Joe Biden talking about the best jobs ever created, the stock market up.
Biden, you're, and I come from an Irish Catholic family, I know what the Bidens are like.
You know, the not-too-bright uncles.
Joe Biden is just a mouthpiece.
And now they're throwing him to the thing.
I had a piece up on Getter this morning.
All the Democratic senators are saying you can't run a 200.
He's already a lame duck.
And now it's just gonna be knives out.
And because you got Yellen, you got Powell, you got all these third-tier lightweights.
And you got guys like Ratner and Summers.
They're openly running for Secretary of Treasury.
Okay?
This thing is a disaster at every level.
We're about to get into the geopolitical disaster.
They walked into a trap.
I'll tease it.
Then we'll go back to food prices.
They walked into a trap in this Russia thing that Europe's got a double-barrel shotgun right to it.
Western Europe, the big talking guys in Davos, and the big-time politicians in Italy, and from Macron, and you know, all these world thinkers, and they're so good.
They got a double-barrel shotgun called energy and food, and you got the worst elements.
They got KGB and the Russian military, and you see how much the Russian military cares about life down there in eastern Donbass?
They don't mind turning a town into Stalingrad, right?
With the tanks and the artillery.
Hey, give me a little taste of artillery.
Okay?
How about this?
Suck on this.
The report yesterday, the Ukrainian Army is losing a thousand guys a day.
A thousand soldiers a day.
And he's running around.
Biden ships another billion dollars to him last night.
They've allowed the KGB and the oligarchs in Russia are now making more money than they've ever made.
They're sitting high on the hog.
They now say, oh, you know, these sanctions actually are blowing back on us worse.
This is the point.
Incompetent!
The people around him are incompetent!
They're just all amateurs!
And I got MSNBC, I got Stavridis, and I got Ignatius and Morning Joe, and they're sitting there with their knitted brows, and they're talking about... These are the clowns that walked you into this!
And the people of Europe ought to rise up against it!
This winter, you're going to be cold and you're going to be hungry.
You know where you're going to be cold and you're hungry?
Your leaders.
Davos and Brussels and NATO, right?
The city of London, Berlin, Rome, all of them.
Vatican's now saying, Pope's saying, hey, you know what?
I think this thing might have been, maybe we provoked them too late, Pope Frank, too late.
You were part of it.
All of you are part of it.
People in Europe, when you're cold and hungry this winter, remember, this was a created crisis.
This was a created crisis by the globalists.
And you sit here, and every time they say Putin, first off, it's not Putin's price rise.
But!
But, even if I was to give him that, you should have known this.
It's called second or third order effects.
This is what you get paid for.
And he, Biden says, well I didn't, how was I supposed to, this is what you're paid to do.
You're paid to look over the other side of the hill.
The American people entrust you with this.
You're supposed to have such geniuses over at the Defense Department, the CIA, Biden, Trump's guys are such amateurs.
The administrative state had to throw him out, had to steal an election.
In January 6th, do you think for a second we're going to sit here?
Do you believe, honestly believe, this is the only investigation in January 6th?
No.
You're about to get a January 6th proctology exam starting in January 2023.
A proctology exam.
We're going to become proctologists.
After you've had the Democracy Suppository in November 8th, and you saw that in the Rio Grande Valley, you saw that in the Rio Grande Valley, You're going to then get a proctology exam on January 6th.
We're going to actually go through, and you're going to have a ranking member, and you're going to have a minority counsel, and you're going to have all of that.
You see the evidence?
You can cross-examine witnesses.
We want you to cross-examine witnesses.
We're going to rub your nose in the cross-exam.
Let's cross-examine!
Have at it!
Where are you cross-examining?
We got the receipts.
We're going to show you the receipts.
You think we're going to allow a Moscow show trial?
Let me cut to the chase.
Graves and Merrick Garland, you two pencil necks, we dare you to indict Trump.
We dare you to indict Trump.
We dare you to indict Trump.
Go at it.
Dare you.
You heard it.
Dare you.
You're going to get an investigation, right?
Or excuse me, House... I shouldn't say investigation, let me be precise.
You're going to get a committee to review what happened.
Actually, what happened?
You're going to have a ranking member.
Not something you make up.
A vice chair, Cheney's a vice chair, and you got Adam Kinzer.
No, I mean people from the minority party.
But you're going to be in the minority because we're going to win 100 seats.
And we'll still let you hang around.
You can go run on MSNBC and yammer all you want.
Hey, the audience is nothing anyway.
You can yammer all you want.
You can do all the form like the Republicans did for 50 years.
You can run on Bob Michael and these guys.
You can run around and be on Washington Week and talk about all that.
It's all irrelevant!
Because it's not going to make any difference.
We're going to control everything.
I know you hate to hear that.
Aren't you autocratic?
No!
We believe in democracy.
We're going to win at the ballot box.
Look at the Rio Grande Valley.
You don't think, oh, it's just a made-up district.
It's not going to happen.
Okay, fine.
Give me a drag queen in every school down in South Texas.
Democratic Party.
Where are your drag queens?
Your Attorney General in Michigan wants a drag queen in every school.
Instead of a chicken in every pot, they want a drag queen in every school.
Boom!
Make that poster.
That's the Democratic Party.
You got, as America, you had enough, you had enough fun with the Democratic Party economic policies?
You enjoying this?
You looked at your pension fund?
You should check, by the way, everybody works, anybody's got a pension fund.
Any kid under 40, any person under 40 ain't got one.
But go check out today how that 401k's doing.
Look at your own corporate pension fund.
The state auditors today, hey, that $9 trillion negative gap?
We had in pension funds.
What's it today?
The $9 trillion was when Tesla was $1.2 trillion.
I don't think Tesla's $1.2 trillion.
unidentified
It knew.
steve bannon ▲ ● ▼
I think it's like $500 billion.
Lost half of its value.
Tech's down.
It's a bloodbath everywhere.
They can't hide in bonds.
Bonds are getting crushed.
Why are they getting crushed?
Smart money's realizing these people have no earthly idea what they're doing.
And here's their arrogance.
They're going to give you lies and misrepresentations, and then they don't have a messaging problem, they have a policy problem.
This is not messaging.
Hey, you're getting all the messaging you want today.
Where's my Zen master?
She's genius.
Yesterday, they asked her a question about something on the economy.
It's terrible.
She's going, hey, he feels bad.
It was a Zen master kung fu move.
She's the best they ever had.
She's the best.
Because she's the sound of one hand clapping.
Because they're all ridiculous.
She's just such a height of ridiculousness and cluelessness.
She doesn't even care anymore.
She just spins it, spends nine minutes, briefings over.
I kind of dig it.
I dig her style.
I like it.
She's a Zen master.
Dave Walsh.
And I'm not trying to be funny about this because it's deadly serious.
Dave Walsh.
Go back.
You and Brat.
You first, then Brat.
The American housewife.
Walks into the CE the chief our president chief operating officer of the American family the mom because she can make everything balance, right?
She can make it all work. She walks into a store the Commerce Department's telling her it's 10% inflation Is that the reality as she's witnessing?
dave walsh ▲ ● ▼
Mr. Dave Walsh it appears not to be so numerous housewives Now, I go to live data and I check reported data, published data on eggs.
Year-on-year, 21% up.
Milk, year-on-year, 20% up.
Meat, beef, excuse me, milk 50% up.
Year on year, 20% up.
Meat, beef, excuse me, milk, 50% up.
I misspoke.
Beef, 22%.
Chicken, 70% up.
What's the deal with chicken?
Feed is 70 to 80% the cost of producing chickens for consumption, the feed.
The feed is up, the grain that they eat 70 to 80%.
So you take those four items, and as a straw poll real quick, you're at 41%.
Those are staples.
Those are staples.
This is what folks are seeing.
When they hear this 10%, it's grossly inaccurate.
It's not true.
steve bannon ▲ ● ▼
Hang on.
By the way, the CEO of Walmart, when he gave his report the other day to the investors, his conference call, he says, we know it's bad and here's why.
They're buying quarts of milk now instead of half gallons.
The kids of America are not getting, this is how we're saving, they're not getting their milk.
Okay, because the parents can't afford a half gallon of milk like they used to.
That is where the nation is.
You want Joe Biden?
It's right there in the shells of Walmart, right there.
Honey, let's get a court.
Hey kids, drink some tap water because you don't have enough milk.
That's where the United States in the 21st century is.
This is where the greatest economic power in the history of the earth is, is that the children, good God, they've got drag queens.
Kids today, God bless them, I tell you, this is going to be tougher than our grandparents and parents and grandparents coming through the Great Depression.
You know why?
Because then there was a moral foundation to this nation that made sure, hey, as bad as it was, we're going to hunker down and make sure these kids get through this, right?
And that was the greatest generation.
That's a generation on the battlefield in World War II.
That was the 101st Airborne.
That was the guys at Guam and Saipan.
That was the 8th Air Corps.
These young kids, they came out of the Great Depression.
You know why?
They had the moral values.
As tough as the dust bowl was, as hard as it all was, they had a Judeo-Christian West Foundation.
And parents, who although were broke, right, made sure that they at least got by and had a moral grounding to put their nose to the grindstone and work their way out of it.
Today, it's an absolute onslaught, and this is what Mao did in China.
This is the Cultural Revolution.
Break the traditional family.
Break Lao Bajing by breaking the parents.
Okay?
It's what the Bolsheviks did.
It's what the Nazis did.
These gangsters all run the same thing.
This is what the French Revolution did.
They understand.
You've got a core nuclear family component.
It must be broken.
If we break the authority of that, we can run the tables on this thing.
Dave Brat.
dave brat ▲ ● ▼
Yeah, I'll just close.
The thing I love about the show, and the thing I hear about it from everyone, is when Steve goes off, you're hearing what's gonna happen for real, right?
You hear it here, six months later, it's history.
unidentified
And Navarro, and Cortez, and all of them.
And I was joking before the show, Steve's kind of like a one-man Oxford University, right?
Going back in the Judeo-Christian tradition.
dave brat ▲ ● ▼
In a one-man liberal arts course.
I got a finite life here, and this is the show I want to be on because it tells the truth.
We're going to come back with a few charts that back that up.
steve bannon ▲ ● ▼
We're going to be back.
We're going to turn it over to the professor, the head of the business school down at Liberty.
He's an economist.
unidentified
He's an economist, he's gonna walk through some econometrics next in the world.
We will fight till they're all gone. We rejoice when there's no more. Let's take down the CCP!
CCP!
War Room.
Pandemic.
steve bannon ▲ ● ▼
With Stephen K. Bannon.
unidentified
The epidemic is a demon and we cannot let this demon hide.
mike lindell ▲ ● ▼
War Room.
unidentified
Pandemic.
mike lindell ▲ ● ▼
Here's your host, Stephen K. Bannon.
steve bannon ▲ ● ▼
Okay, promo code Waro at MyPillow.com.
Since you can't buy them at Walmart, go get them today at MyPillow.com.
The Walmart guys game of Toss Lindale is going to be here at the bottom of the hour.
We're going to do two things here in this segment.
Dave Walsh is hanging out with us.
Number one, Brat, you're going to walk through some charts for The Economist.
The podcast people get our daily newsletter.
You'll see the charts.
Then we're going to turn to Europe.
We've got Walsh and Ben Harnwell.
And I just want to wait.
Ben Harnwell just got it.
Oh my God, this is so good.
The Atlantic Magazine, the magazine with the cover of Steve Bannon's American Rasputin, by Pulitzer Prize winner Jennifer Sr.
I thought it was good.
But huge article, wait for it, just breaking, breaking news, why Biden shouldn't run in 2024.
Oh my God, I'm going to luxuriate in this moment.
We killed it in the crib.
Remember, the Atlantic is like the New Yorker.
These are the railheads of their intellect.
This is how they get all the ideas.
These are the salons.
These are the online salons of the revolutionaries over there, the radicals, the cultural revolutionary guys.
Biden is done.
He's not a lame duck.
He's a dead duck.
unidentified
Okay?
steve bannon ▲ ● ▼
Because the Atlantic just said, okay, here's Biden running in 2024.
Because Trump's going to crush him.
It's going to be one of two.
Newsom in California.
Now they kicked up the one I talked about years ago.
The only one that could possibly take on Trump is Oprah.
We'll get into all that later.
But Biden, done deal.
Now you're going to see the White House going to turn into knives out.
Let's get back to some hard numbers, Dave Brat.
dave brat ▲ ● ▼
Yeah, the markets are plummeting.
unidentified
Don't do anything drastic right now.
Go consult.
steve bannon ▲ ● ▼
Hunker down.
dave brat ▲ ● ▼
Your kingdom advisor, Christian financial advisor.
Right now, just hold tight, and I don't want to say more on personal advice, but I want to give you some grounding as to where we do stand.
And so, Denver, if you've got the first graph, always go back to the long-run trends, right?
If you get dazed and you're feeling out of it, go back to the long-run trends in economics, business, the stock market, and you'll find reality.
And so you're looking at the chart right there.
That's the average P.E.
ratio, price-to-earnings ratio, over the long term.
And the reason this is important is because that chart at the far right, that's where we are today, shows that the market is still 47% overpriced in comparison with a long-term average price-earnings ratio.
So, we're not all done yet.
And you're being lied to across the board, right?
It gives us no pleasure to have to announce that to you, but the politics right now does not care about your well-being over the long run.
The Federal Reserve does not care about your well-being over the long run.
And the other day, President Biden got on and said, look at the personal savings rates.
So I looked up the personal savings rate and you got that one.
steve bannon ▲ ● ▼
He brags about this.
Families are in better shape than they've ever been.
dave brat ▲ ● ▼
It's up.
He says it's up.
Well, look at this chart on the far right of this.
steve bannon ▲ ● ▼
Explain it to our podcast and radio audience.
dave brat ▲ ● ▼
Personal savings rate did go up drastically, and this is why I want everybody to look at long-run trends, you know, 50-year trends, etc.
If you're looking at the environment, look at thousand-year trends, so you see the reality of things, where we fit in today.
And so Denver's pulling up that chart, but basically what it shows is after the sugar high, right?
The Fed prints $9 trillion, we have $30 trillion in debt, $5 trillion budget package.
Yes, that propped up personal savings.
For a blip.
And the people did not do the wise thing and save it.
They spent it.
And so retail sales went up a little bit back, you know, six months, a year ago.
Now they're down.
Now everything's down.
So take a look at that chart right there.
That tells you everything.
When you see a graph that looks like that, you're seeing what Steve was just saying.
This time, you know, you hate hearing this time is different, right?
Everyone says this time.
No, this time is different.
Sorry.
Look at that chart.
The personal savings rates within a range, right, 5% over the long run.
China is 40%, by the way, that they use for investment and economic growth.
steve bannon ▲ ● ▼
It's a geopolitical weapon, but because they have no safety net.
dave brat ▲ ● ▼
And then the far right of that chart, savings rate goes through the roof because we shut down the economy, so the government sends you checks instead to get you addicted to that.
But now look at where the personal savings rate is.
Biden says it's up.
No, it's not even up relative to the long-run trend.
It's like 4%.
And so now the markets are crashing, your retirement's down 25%, your personal savings is down, and the recession's coming.
So all I got to say is buckle up because we're in for a decade of some disaster.
And I will just say, if anybody wants to pay attention on the left, The reason we're going to come out of this relatively better than the Chinese and Eastern Europe and Europe is because we do have some semblance of a price system left that is responsive to real-world signals.
And so that's a complex idea.
steve bannon ▲ ● ▼
But stop!
Hang on, hang on, hang on.
Because remember, it's a self-organizing system right now.
But what is Joe Biden talking about?
He just sent a letter.
He just sent a letter to the oil companies.
He's going to go back to Carter's playbook.
They're going to go back to price controls.
Price is truth.
unidentified
You are what your record says you are, and price is truth.
steve bannon ▲ ● ▼
Yeah, right, right. There's two things, two hard things.
You are what your record says you are, and price is truth.
dave brat ▲ ● ▼
After God, yes.
unidentified
You mean God is truth. I'm talking, yes. I'm talking, I'm talking.
dave brat ▲ ● ▼
Oxford went off script for a minute.
steve bannon ▲ ● ▼
I got that, but I'm talking in the human manifesto.
We have manifesting in the human realm.
I think God speaks to prices, too.
I want to bring in... Man, you chop block me right there.
We're going to pull the camera back to Europe.
You're going to get the geopolitics of this to understand there's a lot worse to come.
Ben Harnwell, I'll tell you what.
Ben, give me two minutes.
On your summary, I tell you what, let me take it a different direction.
Let me go Walsh Energy first.
Walsh, they're cutting off, you know, they say they're working on the pipeline.
The Russians are doing some maintenance.
They had some maintenance doing the pipeline, so gas ain't coming like it's supposed to.
They're not going to have it for the winter.
How bad, I keep saying, the Russians, the KGB got a shotgun right up to the temple, pressed up to the temple of Western Europe.
It's called Energy and Food.
We talked about all of our, you know up here they're talking about they're going to do quarantines on Russia, they're going to do, what, quotas on Russia, they're going to do sanctions on Russia, sanction this, sanction that.
Putin and these guys are laughing, they just sanctioned the West on food and energy, Dave Walsh, sir.
dave walsh ▲ ● ▼
I wanted to make, in your absence yesterday, Steve, you missed Granholm, Granholm decreeing that the Europeans are in the same place we are, skyrocketing prices.
No, it's very different than that.
That's been a long time.
Cameron has a chart, I wanted to see if we could throw it up there, on the comparative electricity cost for Europeans.
For example, no, not this one, it's a table on comparative global economic access to electricity.
In any event, it shows.
Belgium, Spain, Italy, Denmark, Germany, Austria, three and a half to 4.2 times the wallet share of average wages, post-tax wages spent on electricity back in 2019, 2020 in Europe.
Because Europe spent on the ESG mantra for a long time, 15 years ahead of us, on over-adoption of renewables.
Those same countries?
Have double the adoption of renewables of the U.S.
More in the 20, 22 percent, 27 percent range.
Very, very high cost electricity because of the over adoption of renewables and ESG policies that were, again, they lead us in the adoption of these things for, you know, 15 to 20 years.
So the basis of their cost level is already astronomically higher than ours.
Now to with the coal plant shutdowns in the UK, in Germany, the nuclear plant shutdowns in Germany, absolutely asinine policies, making them all the more dependent on Russian oil and gas.
So this is not a new thing.
She was talking yesterday about their gas prices only being about 30% higher than ours.
That's not been the case.
They've been two to three times higher consistently for 10 years because of these policies.
steve bannon ▲ ● ▼
I want to pull up Ben Harnwell, of course the cover of my favorite paper, the Financial Times of London.
Old friends, which is a phrase the Chinese use.
She lends Putin his loyalty as EU leaders line up behind Ukraine.
Now tell me what you'd rather have.
You'd rather have Western Europe have your back or the Chinese Communist Party who dig in hard and are going to buy everything he's got.
We've allowed now, as I warned about years ago, China, Persia, Turkey, and now you've added, you've added, you're throwing Pakistan and North Korea as the minor beats, and you got Russia, pardon, the control of the Eurasian landmass is right there, the Mackinder 101, and they're gonna break Western Europe.
Okay, they're gonna break Western Europe.
Ben Harnwell, it's already obvious, we've talked about this, we didn't play, if we didn't bring Russia into our side, You're going to have a lot longer, you have 10 years of economic carnage, but you're going to lead, this is like the 1930s, we are rapidly heading towards a kinetic war.
What's happening in the eastern Russian-speaking provinces of Ukraine is going to be child's play to what's going to come.
Ben Harnwell.
unidentified
That's right, Steve.
Good morning.
Well, here's a story of a joint statement that's been put out by Russia, Turkey and Iran to do with the situation in a small north-western city of Syria called Idlib.
And that was actually the home of the rebel side of the civil war.
A few years ago.
And Turkey's been trying to calm this up.
Now, they put out this statement, which I'm not even going to read to the whole room, because it's just basically, it's just nothing.
It's just a meaningless statement.
I was thinking, I know this story is important.
But there's nothing to quote here in this declaration.
It's just words.
It's what you would call a word salad.
And then it just hit me.
The news behind this, Isn't anything in the statement, in the joint statement, the news is the joint statement itself.
It's showing the world that here, at this crisis point, there is, as you just mentioned, there is a new axis forming.
It's been doing it in front of our very eyes.
We've been warning about it.
Exactly what you just said, that we've pushed Russia now into the arms China and China's allies and they are now solidifying themselves as a geopolitical axis.
In fact, the only country missing here is China.
steve bannon ▲ ● ▼
Hang on one second, we're going to take a short break.
Dave Walsh, real quickly, give your getter handle, brother.
Thank you for hanging out.
What's your getter? How do people get to you?
dave walsh ▲ ● ▼
Dave Walsh Energy on getter.
steve bannon ▲ ● ▼
You've got to get to Dave Walsh.
I'm putting this stuff up all day long.
Dave Walsh, thank you for hanging with us.
Hardwell's gonna stick.
Brad's gonna stick.
Lindell's gonna join us.
This is not good.
unidentified
And we're gonna explain to you why next in War Room.
dave walsh ▲ ● ▼
War Room.
Pandemic.
steve bannon ▲ ● ▼
With Stephen K. Bannon.
unidentified
The epidemic is a demon, and we cannot let this demon hide.
War Room.
Pandemic.
steve bannon ▲ ● ▼
Here's your host, Stephen K. Bannon.
Okay, Financial Times of London CNBC are reporting the market's now down 700 points below 30,000.
The professional part of CNBC you got to pay for.
This is their top chart analyst quote.
There's no bottom in sight yet.
Crypto is crashing.
Revlon in bankruptcy.
More bankruptcies to be announced today.
As we go, as we go, as we go.
And so it goes.
Back to Europe and this new axis that's lined up to control the Eurasian landmass that's going to have a major, particularly if you have, if you have sons, grandchildren or sons and daughters under the age of 15.
Write this down.
On foreign battlefields about this, someday they're going to fight.
Okay?
Someday they're going to fight.
This is like the kids in the Great Depression in the early 1920s, right?
Couldn't see the ten years later.
They'd be in North Africa.
They would be at Guadalcanal.
They would be at Midway.
These days, this is as sure as the turning of the earth.
This is going to happen.
I've warned about this eight years ago.
I've warned about the South China Sea.
We're going to be in a shooting war unless we stood up to them.
Of course, that was Biden and Obama.
Biden was put in charge of it and completely sold us out.
Had nothing to do, I'm sure, with Hunter Biden and their financial compromise.
I'm sure it had absolutely nothing to do with that.
But!
A congressional investigation over that will get to the bottom of it, I'm sure, when we take power.
I hope the Democrats understand this.
You're going to see how things are run differently.
It's not going to be star chambers.
It's not going to be these phony committees.
You're going to have ranking members.
You're going to have minority counsel.
You're going to get to see the evidence.
Because I'm waiting for your questions on Hunter Biden.
I'm waiting for your questions when we drag the Bidens up in front of there.
Remember, write this down.
Write this down in all the Democrats and the liberal media.
Madeleine Peltz and all our marketing department over there at Media Matters.
He's getting impeached.
Okay?
He's getting impeached.
And we're going to dare these Democrats that are up in 2024, because remember the cycle here.
2024, we can run the tables on the Senate.
Okay?
And get it filibuster-proof.
And those guys are going to look to save themselves, the John Testers of the world.
We're going to dare them not to vote to remove this clown from office.
We're going to dare them, okay?
And this is not a phony Merrick Garland, Michael Graves tap dance, okay, with those guys.
This is reality.
This is big league.
Okay, we're going to get, and you know what you got to hide.
That's where you're all scrambling right now.
That's why he's got to hire a guy in the White House.
His White House counsel resigned, but they hired a lawyer just to get ready for the, uh, for the investigations.
I got Lyndell, uh, Harnwell, so I got to jump.
But another new, I'm kind of getting tired of winning today.
I ought to take more days off and go to federal court.
I ought to spend more days in federal court.
I come back, I'm lucky.
The Wall Street Journal.
I got Atlantic Magazine saying Biden's got to go.
unidentified
Right?
steve bannon ▲ ● ▼
Can't get better than that.
I've got all these things.
The Hill newspaper leads the day with senators saying he's got to go.
OK?
This is feeling like the Ides of March.
Yesterday was the Ides of June.
Let's wait for the Ides of July.
OK?
Wall Street Journal.
Ben Harnwell, you get to break it.
unidentified
What's the Wall Street Journal up with, sir?
The Wall Street Journal today has a delicious headline.
Sanctions so far failed to dent Russia's war effort.
So this is basically, this is the icing on the cake.
Exploding inflation, collapsing markets, no formula, no food, no petrol.
Ben, can you commit to do a Getter Live right after our broadcast today?
Can you do that for the audience?
Can you get up on Getter and walk through all this?
steve bannon ▲ ● ▼
Absolutely.
Ben, Ben, Ben, Ben, can you commit, can you commit to do a, a, a, a Getter Live right after our broadcast today?
Can you do that for the audience?
Can you get up on Getter and walk through all this?
Tie it all together.
Okay, Ben Hornwell, Ed Ben Horn, Ed Ben Hornwell.
Also can, by the way, can somebody call Hannity's producer?
Can we get Lindsey Graham up on Hannity tonight?
Talk about he kicked Biden's butt to get all this done.
Let's have all, everybody in conservative ink that says Zelensky's a hero is a simp.
Is a simp.
You got played by Zelensky.
Okay?
This is a fight in the Eastern, and Donbass is Donbass too.
He's losing 1,000 guys a day.
He's gonna be back.
Now he's gonna be begging for troops.
We only got 100,000 combat troops over in Poland.
That they're itching, you know, the apparatus is itching to get them into combat.
You know, let's get them into combat.
We're not going to get any American troops into combat.
We're not going to do it like FDR promised when he ran in 1940.
Impossible.
We will never do another European war.
People hated World War I so much that FDR had to look the American people in and lie.
We will never get involved in a European war again, I promise you.
I commit to you.
That's how he built, was Wendell Wilkie, crushed Wendell Wilkie, because he committed!
Absolutely, totally committed!
Okay, you know the history of Baghdad and what they were doing at the time.
Totally committed, no more U.S.
Because people in America, look, we got kicked out of all those countries, right?
The old country's fine to do some traditional stuff like that, forget it!
We're over here, we're a new species called Americans.
Ben Franklin said that.
It's a whole different deal, like the turkey, right?
We're a different deal.
We're a whole different deal.
We're tired of saving them and tired of putting them down.
This time, you guys did it.
You're buying the gas.
They got a shotgun right up to your head.
Assault off, pump action, pistol grip, shotgun.
Okay?
You did it.
Your leaders did it.
Davos did it.
Brussels did it.
NATO did it.
The City of London did it.
Frankfurt did it.
Berlin did it.
Macron in Paris did it.
Rome did it, both the Vatican and the corrupt politicians in Rome.
They've been screwing the Italian people for decades and decades, hundreds of years.
All your great leaders, because it's still an aristocratic class system over there.
If the European people don't rise up, because this year you're going to be cold and hungry.
Okay?
And if you're too stupid to understand how this happened and you allowed it to happen, then guess what?
You're going to be cold and hungry this winter and you're going to be hot and hungry next spring and summer.
And you deserve it.
Because you got the ballot box and you can start to recall these guys and get in the street and say, we've had a belly full of it.
I tell you what, we've got a way to do it.
Everybody's saying, Steve, they're going to cheat in the elections.
Hey, if that happens, we'll deal with it when it happens.
We're going to try to get those machines out.
We've got Mike Lindell up here.
But guess what?
The Rio Grande Valley shows you.
They're up here right now, turning on each other.
They know their day's coming.
They know their day's coming.
Ben Harnwell, at Harnwell, right after we finish here today at 12 o'clock.
Let's go to... Talk about economics.
Talk about sanctions.
I got a guy that's got more sanctions than Putin.
Mike Lindell.
Mike Lindell, and these are capitalists that have sanctioned you.
Why are you sanctioned?
What is so bad?
Maybe the commercials rub some people the wrong way.
Maybe the jingle doesn't really, it's not snappy enough for them.
Maybe it's too snappy.
Maybe it's Mike Lindell's reserve personality in the spots.
Why are you more sanctioned than Putin, sir?
mike lindell ▲ ● ▼
Well, I believe when you talk about the new one here with Walmart, Woke Walmart, who has over 10,000 suppliers in China.
I've told you before that China was a big part of this 2020, the biggest crime in history against our country.
And Steve, you know, the jingle, the jingle, I think that just gives people hope, you know.
The people have reacted, you know, from last year to now, and it's just putting the savings right into everyone else's pocket.
Shame on Walmart.
What they did yesterday was disgusting.
steve bannon ▲ ● ▼
But hold it.
Do we have the spot?
Can we play the spot?
I want you to go back.
Walmart's supposed to be the people's store.
It's where the deplorable shop.
And now they shop for groceries.
Okay?
Be specific.
What did Walmart do to, I think, one of the greatest companies in the United States of America, my pillow, and one of the greatest Americans I'm honored to know, Mike Lindell, who sacrificed so much of his personal wealth, but more than just his wealth, his time.
Michael Lindell, I think I work hard.
I'm a piker compared to him.
Lindell is at a whole different level of insanity.
Trump and Bannon are like, no, forget it.
Lindell is a man obsessed.
He's everywhere.
I call him, it's four o'clock in the morning, he's flying here, he's doing this.
And these speeches, are you going to be able to do these speeches like he does?
These hour talks and stuff like that?
It's so draining.
I mean, I talk to five people and I want to go take a nap.
Right?
This guy's on fire.
So Lindell, Lindell, what did you do?
I gotta figure this out.
Walmart's America's store.
It's where the deplorables go and shop.
People love you.
They love my pillow.
They love the product.
They love you.
They love your mission.
You wear your Christianity on your sleeve because it saved you from a life of just degenerate depravity.
Right?
You pulled yourself through.
Your autobiography's amazing.
If Walmart's all American, they got their commercials.
They're waving American flags and they're doing all this stuff.
Be specific.
What did Walmart do to Mike Lindell?
mike lindell ▲ ● ▼
Well, first of all, I want to say I was up till 4.30 this morning because this one goes directly to my employees.
What they canceled was the MyPillow that we manufacture 100% here, 20 minutes from me at my factory.
So I was very concerned.
I'm heading down there today to my factory to talk to my workers and say, hey, we'll get something figured out to take this That they take this $10 million hit, but not just that, the making, the manufacturing of the MyPillows.
There's a lot of jobs down there.
And what Walmart did, Steve, last year, you got to take it back to last year, when all the box stores started canceling, H-E-B, Kohl's, Bed Bath and Beyond.
By the way, I wonder how they're all doing now.
All these stores canceled.
One of them was, Costco, and Costco decided, hey, we'll hide under the radar for four months, and then they canceled us.
And when I look back now, what Walmart did, Sam's Club canceled us, a subsidiary of Walmart.
Then Walmart said, hey, we're going to take you out of the As Seen on TV section, which you've got to realize, everybody, we're their biggest product, or one of their biggest in the history of Walmart.
Back when my pillow was 69, Then 59, then 49, then 39.
I believe we are their number one buy-through ever.
If not, we're in the top one or two.
I don't know who the other one would be.
So we've had this relationship since 2012.
Well, last year, I thought it was kind of funny, Steve, that they canceled the As Seen on TV and they hit us in the back by the bedding shelf.
And still, people who knew that Walmart still had MyPillow.
So they went searching for it and they found it to support MyPillow.
Then Walmart now, this is about two months ago.
Remember, and sales have went up there on that vending shelf with our new footprint.
So sales had increased about 10,000 pillows a week, and my pillows a week.
Well, about three weeks ago, Steve, Walmart says, yes, we're gonna be discontinuing it.
We got a thing.
I go, what?
And so I got their CMO on the phone.
Actually, it was about two weeks ago.
I get their CMO.
steve bannon ▲ ● ▼
That's the chief marketing officer for all of Walmart, right?
mike lindell ▲ ● ▼
All of Walmart.
All of Walmart.
I get his number because my VPs came to me and said, hey, Walmart, they're going to stop.
I go, what do you mean?
We just got a double order.
So I get their CMO on the phone and he did listen to me.
I'm listening to him talking to him.
We have an offer for you.
You guys are still at $39.88, the highest price in the country for MyPillow.
And I said, you go down to this next level.
We spend $500,000 a week on TV media just on that product, which is every SCN on TV.
It's a formula to go into Walmart, especially Walmart, with the SCN on TV products.
Steve, anyone that spends $200,000 overall, it's a home run for Walmart.
We spend $500,000 every week.
And anyway, so this guy goes, I go, why would we, you hit us back in the bedding.
I said, our salesman has been treating my guys like garbage.
Didn't return their call for over a year, for over a year.
I'll turn that off.
For over a year.
And they, um, I said, they, we've, we've never had this relationship where they just kind of shut us off and wouldn't contact us.
And anyway, they, uh, um, So he says, well, I'll look into it.
I said, we're going to give you this offer, this 1988 MyPillow.
You'll be the lowest price in the country.
I said, because I want to keep my... Hang on.
steve bannon ▲ ● ▼
Whoa, whoa, whoa, whoa, whoa.
Hang on.
We're going to wait to the break.
I got to... But let me be blunt as we go to break.
The cheap... Walmart is all about mathematics.
OK?
That the CMO, and these guys know every square inch in a Walmart and what it generates.
And trust me, you walk in there, it's a battle.
Those shelves are battlefields of different providers, right?
It's a war zone.
And that CMO knows, if it's the number one product, he knows the ninth decimal place.
Oh, I didn't know that.
unidentified
Tell me about that.
steve bannon ▲ ● ▼
That is a lie.
My point is, he's spinning you right there, Lindell.
This guy knows the 10th decimal place.
Free cash flow coming out of that centimeter with a MyPillow set in a short break.
Mike Lindell next.
The most cancelled man in the world.
Next in the world.
steve stern ▲ ● ▼
I'm Steve Stern, CEO of FlagShirt.com, a third-generation, veteran-owned small business.
I believe that the American way of life is for all of us.
I'm asking you today to visit FlagShirt.com.
Help keep the American dream alive.
Be a flag waver.
Carry a nation's heritage.
Use coupon code ACTION10 for 10% off site-wide and buy a flag shirt today.
Action, action, action.
steve bannon ▲ ● ▼
Okay, right there you're seeing that's the factory floor of MyPillow.com, one of the great American manufacturing companies.
I'm going to turn back to Mike Lindell now about this breaking news out of Walmart, but I've got to give you more breaking news.
PBS stations, local stations, have got to live and breathe on the donations they get.
A number of PBS stations have notified Central PBS that they're dumping the January 6th hearings and going back to children's programming.
Whoa!
Not what they wanted to hear from the liberals at PBS.
But nobody's watching and nobody cares.
Mike Lindell, let me be blunt.
A product like that's a historic product.
A product that's generating that kind of margin for Walmart.
They sat around a table and were in that CMO's face.
The guys in charge of that product, that section of the store saying, You're taking away the engine that drives everybody coming in here and get it.
That's right.
And Lindell's putting advertising in the back of it.
He says this is against... Forget Hayden Lindell's awakened values, right?
Because we're woke.
Forget that.
We're in the money-making business.
You're taking this away.
I mean, this actually went against the shareholders and the employees of Walmart, Brother Lindell.
mike lindell ▲ ● ▼
Absolutely.
More than you could ever imagine, everybody.
When you have a product that has a driver of $500,000 a week on TV media, and what it does is it brings everyone to the store and then they're buying the other product, say driver, and But that CMO did.
Now, his excuse, Steve, he says, well, we heard sales are fatiguing.
And I go, no, the sales are up.
I got it right here.
I said they were up.
Over the last three months, they were up 25, 30%.
They were going up.
And he says, well, let me check into it.
Now, here's where the story gets good.
Well, let me check into that and I'll get a hold of your buyer.
So our buyer ignored my guys for a year, Steve.
He ignored them.
The online store, everything.
We couldn't get a hold of him.
It was like my pillow didn't exist.
And so now he all of a sudden, now he's readily available and he goes, Oh, we'll help you online.
And he goes, and then he gets back.
My guys told me, um, A week ago they said, he came back and said, we're going to do something in 2023.
We're going to do this big campaign in 2023, but right now they're going to arrest it.
I go, what?
The opportunity is now.
They look for products that are spending this kind of money.
So I said, get that CMO back on the phone.
So they make the appointment for the CMO, which was last night, you guys, around four o'clock.
Now, central time.
I get on there and their cowardly CMO isn't on the call.
It's just me and the executive VP of Walmart.
And he gets on there.
Now remember, the CMO said sales are fatiguing, which was a lie.
This guy, I talked to him and I said, this will be your biggest product buy-through in the history of Walmart.
Just like my other three price points were.
I said, we're going to give you a MyPillow at $19.88.
That's what you can retail it for in your store.
And so he goes, all of a sudden he goes, well, no, we're not, we're not ever having my pillow again.
He said, you don't make the rating of a four.
And I go, what rating system?
And he goes, I go, what are you talking about?
He goes, well, two and a half years ago, we put in a rating system.
And I go, what?
I said, I'm high rated.
I look it up.
We've made it a five, a four, 3.8.
These are just customer ratings.
I said, you do realize bots and trolls attack all the time.
And he goes, he goes, no, he says, well, we're canceling my pillow.
And he had this shmirk on his face.
I said, goodbye.
You're going to be all over the news tomorrow.
And I slammed the computer.
He lied, straight up lied.
It was all to slow play Mike Wendell.
steve bannon ▲ ● ▼
Whoa, whoa, whoa.
What's his name?
Let's get his, let's make him famous.
I want to make this guy famous.
Let's make him famous.
Give me a picture.
I got not, maybe not now, but for the afternoon show, I want a picture.
mike lindell ▲ ● ▼
Yeah, let's do it on the afternoon.
I'll get the details.
steve bannon ▲ ● ▼
But, um, Hang on a second, we're getting more on the Walmart story.
What's the price you just named?
unidentified
Okay, $19.88 everybody, but here's what I'm going to tell you.
steve bannon ▲ ● ▼
Can War Room Posse, War Room Posse loves you and supports you.
Can we get the same thing that you're offering Walmart and the Walton family and those demons over there that don't love you?
Can we get that price?
mike lindell ▲ ● ▼
I knew you were going to ask that, so, um, and I wanted to show everybody my factory this morning.
Walmart, what Walmart did goes directly into my employees.
I said any other time I'm canceled with the other products that I don't make here, that's, I can make that up, you know, having other, doing other stuff, but I can't make up their jobs.
So we do need your help.
So what I did, Steve, for, for the war room, I put it up on the square.
1988, everybody!
As many as you can get right now.
We're doing this Plastil Fort War Room.
God bless you all if you can help out because this one, I was up until four this morning worried about my employees.
I'm heading there now after this show because they're going to read all about this stuff and go, hey, wait a minute.
This is what we make every day.
steve bannon ▲ ● ▼
You take off now.
We're going to get you on the afternoon shows from the factory.
How's that?
You go punch.
That sounds great.
Go to our square, mypillow.com, promo code warren.
1988 is the classic MyPillow.
unidentified
Wow.
mike lindell ▲ ● ▼
As many as you want.
We're not going to put a limit on it, Steve.
Everybody can get whatever they want.
Shame on Walmart.
I'm going to say one plug.
There is a great store called Ollie's, and Ollie's came to us three weeks ago when they heard about this, that it potentially could happen.
And they're in their stores, and they are amazing, and they're a direct competition to Walmart.
Go, Ollies!
You know, God bless them.
steve bannon ▲ ● ▼
Go, Ollies.
Go do it.
But go right to mypillow.com, promo code WARM.
Mike, thank you very much.
Dave, Brad, closing thoughts?
unidentified
Yeah.
steve bannon ▲ ● ▼
Are we going to have you around tomorrow?
dave brat ▲ ● ▼
Yeah.
steve bannon ▲ ● ▼
I think we may get Brad in.
You know, I'm getting blown up.
Seriously, people have been blowing me off the whole show, saying, Bannon, you got the five shirts on.
It's always in black.
You look like you rolled out of bed.
Someone sent me some videos that you roll out of bed.
And black looking good.
You got that Southern charm.
It looks like the Jack Nicholson character in Easy Rider.
So, you don't need closing thoughts.
You'll be here tomorrow.
dave brat ▲ ● ▼
Go ahead.
Go Google me, he gives me a hard time to get out there, so I'm on Rumble, just go search under Dave Brat and all this show comes up.
steve bannon ▲ ● ▼
Are you on Getter or True Social yet?
dave brat ▲ ● ▼
Getter, I'm getting there.
My wife vetoed my, we got a rolling humor at Liberty University, I wanted to call my name Brat Pitt.
unidentified
But my wife vetoed it, so I've got to do Brad Economics.
dave brat ▲ ● ▼
Thank God for your wife.
unidentified
No, you're not Brad.
steve bannon ▲ ● ▼
No, you're not going to do a Brad Pitt.
dave brat ▲ ● ▼
You're the Dean of the Business School.
steve bannon ▲ ● ▼
A little fun.
I've got to be serious.
This is not a fun time.
dave brat ▲ ● ▼
That's what she said.
steve bannon ▲ ● ▼
We're going to get to the sun a little bit.
Okay, five o'clock, we're back here.
We're going to have Cortez from Illinois.
He's out there campaigning.
The guy he's campaigning with, running for governor, has blown up a 30-point increase since Cortez has been there.
Boris is going to be here.
We're going to have economics, politics.
Lindell is going to be crazy good.
▲
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