All Episodes
June 22, 2022 - Bannon's War Room
48:41
Episode 1,949 – Flights Cancelled Because Of Fuel Cost; The Recession Is OnThe HorizonEpisode 1,949 – Flights Cancelled Because Of Fuel Cost; The Recession Is OnThe Horizon
Participants
Main voices
s
steve bannon
22:18
Appearances
d
dave walsh
04:16
p
phillip patrick
04:27
t
todd bensman
03:41
Clips
a
anthony fauci
00:11
j
jonathan lemire
00:08
m
mike davis
00:21
s
savanah hernandez
00:12
s
steve stern
00:31
| 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.
anthony fauci
You don't want to frighten the American public.
unidentified
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.
anthony fauci
That this is going to be a real serious problem.
unidentified
France, Australia, Canada, the US, Singapore, Cambodia, Vietnam, the list goes on.
Health officials are investigating more than 100 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. Banham.
steve bannon
OK, we got you live in the War Room.
It's the 22nd.
By the way, 81 years ago, I think technically it happened last night, although this is the anniversary of it.
The 80th anniversary of Tobruk, the surrender, which shocked the British in North Africa was 80 years ago yesterday.
The 81st anniversary of Barbarossa, the Germans attack into Russia.
Which is still in the living, lived experience of the Russian people.
It's something they, it's unlike World War II here, where obviously we commemorate, you know, D-Day and we have some, you know, on Memorial Day we do it, maybe a little bit on Veterans Day.
There it's very much a part of the social fabric of the country.
unidentified
I think they lost 27 million troops.
steve bannon
I think it's up to 40 or 50 million.
Who knows?
The count was horrific.
One of the most horrific conflicts ever.
Let's go to, I'm going to go back to Todd Bensman in a moment, and I got Michael Yan.
Michael Yan's on the Mexican side of the bridge from Eagle Pass, Texas.
But I want to go to Yuma, Arizona.
The intrepid independent reporter, Savannah Hernandez, joins us.
She's got some incredible footage.
Savannah, tell us about Yuma.
What is going on there, ma'am?
unidentified
Dave, thank you so much for having me on.
So your two guests talked about the geographic location of where these illegal immigrants are coming, and then also that Border Patrol is feeling very overwhelmed.
One of the most interesting and unique parts of this sector is that, yes, we've run into immigrants from Russia, from Uzbekistan, Georgia, India.
So it's not just Central and South America that we're seeing people come in from.
On top of that, behind me you see the border wall.
There's that big gap Every single night between 12 a.m.
to 6 a.m., this entire wall is full of illegal immigrants.
We run into 200 to 400 illegals per night.
Customs and Border Patrol completely overwhelmed.
For the past three nights, about five or six Border Patrol agents to come and process this many people.
savanah hernandez
The first night we were here, or I guess morning at 5 a.m., Customs and Border Patrol were so overwhelmed that they ended up having to take the bus full of illegals that they had and leave to go process them, leaving about 200 people here.
unidentified
Many of them just went and ran into the fields of the local farmers here, just made their way into America because they didn't want to wait for Border Patrol any longer.
There are still a couple of stragglers even right now, but the scene has been absolutely insane with, again, upwards of 100 to 400 illegal immigrants crossing in this area per night.
steve bannon
Savannah, you said Russia, Uzbekistan, from all over the world.
This is just not Mexicans and this is just not people from Central America.
Now through the Darien Gap, everything's coming.
Has the Border Patrol ever seen this scale of people from throughout the world that are now coming?
unidentified
So, sources tell us, no, they again are completely overwhelmed and they're underprepared for the amount of people coming in.
We also ran into people from Lebanon.
Sources even telling us that they feel like an Uber for illegal immigrants at this point because it's just their job to process them.
They say they aren't even allowed to protect the border at this point.
So they don't even know how to go forward with processing this amount of illegal immigration.
They feel like they have their hands tied.
And it has been hard to watch.
We also ran into a young five-year-old boy who was abandoned in the desert.
Border Patrol having to deal with that.
The massive amount of kids who are being abandoned in the deserts over here and targeted by the cartels or even used and passing off people as family units.
So a very dangerous scene and again Border Patrol not having a good time unfortunately here in Yuma, Arizona.
steve bannon
Savannah, I want to make sure people put this in perspective.
What you're reporting with your live reporting, you've been there overnight and you have footage to back it up, there is no even concept or construct about protecting the southern border of the United States with federal employees.
And these people are told, they're ordered what to do, so we're not criticizing them.
But essentially what you're seeing, and you're seeing it with your reporting, is essentially an open border where federal officials, whether it's Border Patrol or Customs and Border or other people that are sent down there, are essentially there to process people into the country as quickly as possible.
Is that essentially what you're seeing?
unidentified
That is what I'm seeing.
Again, this is my first time here in Yuma, Arizona, and it was absolutely baffling to see a group of 200 illegal immigrants left here to wait for Border Patrol.
Again, as they're waiting, they're just going to go ahead and make their way into the city.
They don't want to be processed.
A lot of human smugglers, drug traffickers as well.
We saw Border Patrol apprehending them down near the gap in the southern border here.
So they're trying their best.
But again, the Biden administration is really making it hard for them.
steve bannon
Savannah, hang on.
I'm going to go to Todd Benson for a second.
Todd, this is why, okay, so for the audience that didn't catch our evening show last night, Merrick Garland is on the border and Merrick Garland is there to make sure everything's right.
Unfortunately, it's not the border of our country.
It's not the southern border of the United States.
He's in Ukraine.
You can't make this up.
He's in Ukraine talking about war crimes tribunals for the Russians.
We're crimes tribunals for the Russians.
Yes, that would be the Russians that are our allies that lost, I don't know, 25 million to maybe 40 million people in World War II, defeating the group called the Nazis.
Yes, those Russian people.
OK, that's where Merrick Garland spends time.
And Merrick Garland is not a dumb guy, just like Randy Wyngaard.
These are these are smart, cunning people.
They're doing that to rub your nose.
They're doing that to send a signal that the border of your country doesn't count.
Why Savannah Hernandez is down there in Yuma seeing it, why Michael Yan's down outside of Texas on the Mexican side of Eagle Pass, he's been down to the Darien Gap, while Todd Bensman, who's formerly with the Intelligence Unit in the Department of Public Safety in Texas and the top reporter in this area, is walking you through the math.
Merrick Garland knows that math.
Mayorkas knows this math.
It's what Benjamin and Jan told us, what, five weeks ago when Jan, they're down there with the Blackhawks, the Apaches, the Black Apaches are coming down there with Mayorkas.
This is all controlled flow.
The whole purpose today is to get as many people into the country as possible and get them as deeply into the interior of the country.
That's all been reported.
That's why if you're up in Scranton, Pennsylvania, or if you're in the Wilkes-Barre Airport, that's all the midnight flights.
This is highly thought through.
And I don't care what J6 is saying.
I don't care what these people are pulling their hair out.
Write this down and take this to the bank.
It's just not going to be Mayorkas.
We're going to impeach Merrick Garland, and we're going to impeach Joe Biden.
This is the first article of impeachment.
On Merrick Garland, we're going to have not defending the Supreme Court justice, not doing a job.
But we're going to get every document.
We're going to find out every meeting.
We're going to get every text message.
And we're going to have, live on national TV, the Border Patrol agents down there.
And they're going to lay it out all for the nation.
I just got a thing from Morning Consult that nobody's watching the J6.
That's why they can't be on prime time.
We're going to have prime time hearings.
You know why?
Because the people in the United States are going to sit there and go, oh my God, are you kidding me?
This was all thought through?
Preserve your documents.
Preserve your documents, and we're coming for you.
In Media Matters, everybody put it all up there.
We're coming for you.
We're not prepared to let an illegitimate regime that stole an election then destroy our country by initiating and exacerbating an invasion of our country.
We're not going to allow it to happen.
Now, it's been allowed to happen today because of feckless, hapless Republicans, but that's going to change.
And people are, oh, Bannon, that's all big talk.
These guys are just as gutless.
Well, hey, Stand by.
The first article of impeachment, and you're going to see Todd Bensman's going to be a witness.
Michael Yan's going to be a witness.
Savannah Hernandez is going to be a witness.
Why?
They were down there and documented this with footage and interviews, and they got the receipts.
And so we're going to see at the same time, and Michael, Jan's down in Panama, in Mallorca, Spain, and you're going to see every email, we're going to have a timeline with every meeting, with every planning meeting they had, and we're going to show you how they broke the law of the United States.
Todd Bensman, it's one thing for crazy Steve Bannon, the firebrain, to say that, but you're steady Eddie.
Am I inaccurate in anything I say on that, brother, who you've dedicated your life to this topic?
Tell me where I'm wrong, sir.
todd bensman
The Biden administration is acting far outside of any known authority in the INA, the Immigration and Naturalization Act, in multiple ways.
I'm not a lawyer, but I do study these things because they pay me to do it.
But one thing that is front and center is the use of parole authority, which has a very narrow purpose for a one-on-one, case-by-case basis.
Somebody's like, Uh, ill or dying in the river and they can be brought in for medical treatment or something, uh, like that.
But that parole authority is being used for hundreds of thousands of people in a big mass way, not a case by case basis.
That's, that's just, I guess, exhibit one.
Uh, the use of parole authority, uh, and in many other ways, uh, for example, Remember Abolish ICE, the cat call, the call for Abolish ICE of last year.
They have essentially abolished ICE.
They have ordered ICE not to arrest vast categories of criminals, criminal aliens.
And so the number of criminal aliens who have been allowed to stay in the country is up by thousands and thousands of every kind.
I mean, for homicide and rape and Pedophilia, not just the most serious aggregated felons, but lots of aggravated felons and everybody underneath that.
DWI manslaughterers and you name it, they're allowed to stay.
That is outside of the authority of DHS to exempt from the INA.
Uh, and so, um, you know, do what you will at impeachment, but there's litigation right now on all of these things with plenty of evidence and, uh, judges agreeing with the evidence that the administration is doing things that are really outside the bounds of, of, uh, any, that any administration prior to this has ever
steve bannon
Obama was a right-wing conservative compared to Biden and these guys.
Real quickly, walk me through your math on how big this gets on your numbers, and if you take what Michael Yan and Savannah Hernandez are telling us is coming, what could the numbers be, Todd Bensman?
todd bensman
Well, if we just take into account what we know now, which is that two million have gotten in, Uh, between gotaways and those who were legally paroled in under that authority that I, that I just mentioned, we have 2 million in about 16 months that have gotten in at least.
Uh, just project forward at that rate, uh, another 16 months and you'll have 4 million.
That's as long as Title 42 is still in place.
Uh, it'll be a much higher than, and then to the end of the Biden administration, You're going to be looking at six million plus, probably seven million.
That's the size of, you know, Los Angeles.
That's the size of, you know, London.
I mean, these are megacity sized population.
It's a population transfer into America if it stays just on that rate.
Now, Jan is down there talking about other circumstances that could drive that much higher.
And, you know, I'm just talking about from, like, the nugget that we have, we can extrapolate.
steve bannon
Todd, hang on a second.
Michael Yon, give me a minute.
We got about a minute and a half.
Give me a minute on how big you think this can get, given your observations of what's happening throughout the world.
unidentified
Terdarian gap at a minimum double.
We're doubling the size of the camp, and I would say probably far more.
I would say probably, realistically, probably quadruple.
Based on various situations.
For instance, we're doubling the size of the camps.
Two camps there.
San Vicente and another camp.
And down in Darien Gap.
And also the efficiency is so much better now.
For instance, last year when the aliens came through Darien Gap, those survivors who came through, It can take a couple of weeks or even a month to get up to Costa Rica from Panama.
Now you can get up in 24, 48 hours, maximum 72 hours if it's rainy and the buses aren't running as well.
So I mean, the flow is really fast and we've got all these famines starting and that sort of thing.
steve bannon
Hang over a second, we're going to come back.
I've got Todd Bensman.
I've got Michael Yan on the Mexican side of Eagle Pass.
The intrepid Savannah Hernandez is in Yuma.
Got Dave Walsh on the collapse of complex systems.
Got Philip Patrick for Birch Gold.
We're hitting it today in the War Room.
Be back in a moment.
unidentified
War Room.
Pandemic.
When there's no more, let's take down the CCP!
War Room. Pandemic. With Stephen K. Bannon.
The epidemic is a demon, and we cannot let this demon hide.
War Room.
Pandemic.
Here's your host, Stephen K. Bannon.
steve bannon
Okay, welcome back.
Make sure, in this whole process of trying to get to the bottom of these elections, Mike Lindell's been at the tip of the spear, put his entire company and personal fortune at risk to basically pay for this.
And now people like Walmart, and that's a super progressive company, don't think.
Every time you spend a nickel there, remember you're supporting super progressives.
I don't care about all the happy talk they put up front.
They blew Lindell out.
Now, if you want to order the MyPillow, you've got to go to places like MyPillow.com, Promo Code Worm.
We've got all the best deals.
$19.88 for the pillow.
Plus, we've got the buy one get ones free, the biblical pillows and blankets, everything.
The slippers, all of it for sale.
Boom!
Right there.
MyPillow.com, Promo Code Worm.
Michael Yan, you've been on this like nobody's business.
Quite frankly, your theory of the case is coming true.
Sri Lanka just announced, as we came on, Sri Lanka, the President of Sri Lanka said, hey, basically it's over for my country.
We can't buy oil, we can't buy food, we can't, we're going to have mass famine, the country's going to collapse.
We're going to have Dave Walsh on here in a second, talking about the Golden Age.
That is about to we're about to go on something that's less than a golden age the collapse of a complex system All next Michael Yan is seen it from the deckplate level and has enough understanding of places like Iraq and Afghanistan And this is that when you see these these guys from the Bush administration That are up here trash-talking Trump every day You know, was it Nicole Wallace and all these deadbeats that were Bush retreads?
Remember, when they were in charge, they were the ones that initiated all this.
This has been building for a long time.
This is what happens when you go in a place like Iraq and Afghanistan and you don't know what you're doing.
You're not going to have nation building.
Remember the Blue Fingers and all that?
You do not understand history.
You don't understand the culture of this.
It's guys like Yan that go over there.
And you've got a perfect storm brewing.
And that perfect storm is coming right up through your southern border.
Millions of people and they're going to get them deep in the country as possible to make it impossible to extricate them later on.
That's what they shut down ice.
This is very thought through.
This is not remember first people say, oh, they're so disorganized for title 42.
They're not ready for it.
This is.
This is precision engineering of a process.
And we are going to show that in the impeachment hearings.
This thing up here now, you can't follow one thing or the other.
They got some guy talking about it.
unidentified
Boom!
steve bannon
Now we're going to show you how it's done.
Boom!
Here's the email.
Here's the meeting.
Who was there?
Here's what they decided.
And here's what came across the border.
And let's throw up some witnesses.
Let's throw up the young...
Savannah Hernandez and her footage and her interviews.
Let's throw up Michael Yan.
Let's go to Ben Burk... Let's go to Ben Burkwam of Real America's Always.
Boom, boom.
How would you like to Ben Burkwam testify?
When you've got all the emails and all the text messages and all their meetings and all the White House meetings and... Let's keep that out of the White House.
Let's keep that out of the Oval.
Make sure Mayorkas does it.
Somebody said yesterday, oh, Mayorkas is the guy they're really going to focus on.
No, no, no, no, no, no, no, no.
We're not going to focus on... Mayorkas is going to be collateral damage.
We're going for Merrick Garland and Joe Biden to impeach them both.
Article 1.
Invasion of our country.
They initiated and exacerbated and planned an invasion of our country.
As clear as daylight.
Okay?
And I know they're coming for me.
I could care less.
We're going to win this.
We're going to win the ballot box, and then we're going to win.
And we're going to break you guys.
We're going to break you.
Inside of the rule of law.
Because you know why?
The law's on our side, as Todd Benson just told you.
Jan, you've been doing amazing work.
I need you to stay safe, although you're crazy.
Tell people how to get to you, how to support you, and where to go to find your stuff.
unidentified
I'm actually a safety freak, that's why I'm still alive.
I'm on Locals.com and my last name is Y-O-N, Yankee Oscar November.
Let me say one more thing, Steve, instead of plugging my work.
South America clearly is going to be a big part of the osmotic pressure.
Peru, I'm starting to see Peruvians every day now coming through.
It's because they're having food riots down there.
We saw Colombia just start to collapse.
They're going left.
Venezuela's already done it.
And as you know, you talk about Brazil all the time.
Brazil's on shaky legs.
So we're talking about South America, Africa, and Asia going through Dairy and Gap.
That's why I've been watching Dairy and Gap so closely on the, you know, this is, we're at war.
This is a wartime invasion.
The people that are being pulled through are mostly military-age men, and they are useful idiots.
They'll be used for a replacement.
This is not about votes.
This is not about workers, as we can see.
As we go into food shortages, we're bringing in millions of pounds of food.
Hang on, hang on, hang on.
steve bannon
Ho, ho, ho, ho.
This is not about race either.
Remember, the Rio Grande Valley, we're going to floor zone on Friday, I think, hopefully in studio.
That's right.
The people that bear the brunt of this are working class Hispanics and African Americans.
unidentified
That's right.
steve bannon
This is why we're going to get 50% of the African American male vote.
This is why we're going to get 55 or 60% of the Hispanic vote.
They understand what's happening here.
It's to drive down wages.
unidentified
Steve, the people on the other side of this river are almost all Hispanic and they hate this invasion.
These are Americans on the other side.
Almost all Hispanic.
They hate the invasion.
Everybody that sees me coming over, they're like, tell the rest of America what's going on.
We don't want to see this invasion.
Those are Hispanics.
They're going totally Republican.
It's quite strange to see such a tidal wave happening.
Like the election that you just covered.
I was watching your show.
It's amazing, Steve.
I mean, the Hispanics over here are tired of it.
Those are Americans.
steve bannon
We're at Rio Grande Valley in South Texas.
Jan, what's your coordinates?
How do people track you and get all your reporting?
unidentified
I'm on Locals.com, so it's MichaelJan on Locals.com, and I'm also on MichaelJan.com.
Both.
Thank you.
steve bannon
Thank you, brother.
Great work.
Stay safe.
Okay, let's go to Savannah Hernandez.
Savannah, how do people follow you?
I know you're going to be doing reporting down there.
How do they get your material?
unidentified
Please go follow me on Rumble YouTube and Truth Social at Sav Says and Instagram at SavWithOne.
And very quickly, Steve, just to give you an example of how bad this is going to get, when the migrants illegally make their way into the country, they start celebrating.
They're fist bumping the journalists that are taking the footage of them illegally crossing because they are not going to face any consequence under Joe Biden's administration.
Just wanted to add that.
steve bannon
That's important.
Okay, once again, real quickly, how do people, because you're a new voice on our show, Savannah Hernandez, the intrepid Savannah Hernandez, how do they get you, Savannah?
unidentified
Please go follow me on Truth Social, at Sav Says, on Rumble, and YouTube, Sav Says, as well, and Instagram, at SavWithOne, and also my website, SavSaysOfficial.com.
steve bannon
Sav, you stay safe.
Savannah Hernandez.
Todd Bensman, I know you're working on a bunch of projects, but we need to get these numbers put down like only you can do it.
How do people follow you, sir?
todd bensman
tbensman at Getter, Bensman Todd Twitter, and toddbensman.com.
I'm also at cis.org, Center for Immigration Studies.
cis.org.
steve bannon
Take care, brother.
We'll have you back on.
Amazing work.
Really want to compliment Real America's voice, too.
The team of Real America's voice did an exceptional job.
Ben Berquam, Oscar Blue, Ramirez, just incredible.
And now we've got other people pulled into the circle.
It's just absolutely incredible coverage.
Best coverage out there.
This is a crisis.
This is big league.
This is not noise.
This is pure signal.
Do I have Dave Walsh?
Do I have Dave Walsh out?
Boy, if I'd known that, I wouldn't have dropped my guess, but that's okay.
That's called producing.
Do I have Phillip Patrick?
We're in a roll right now.
Okay, let me step back and put it, let me step back and put it in perspective.
We've got, and by the way, we're going to have Dave Walsh on here in a second.
Dave is going to be on to talk about, to talk about the collapse of complex systems.
Two articles, one was in the Daily Mail, talks about the end of the golden age of travel.
It's much deeper than that.
You're having now, we just heard from Kelly Shabaka as we started the show.
Kelly tells us up in the top of the world, which is all the way up north in Alaska, there's no milk on the shelves.
That's not something that's normally happened, right?
Even though they're a frontier, that's, they always have logistics, always have supply chains, right?
Everything kind of works and self-organizing system.
You're seeing this everywhere.
You're seeing the breakdown of complex, you've seen the breakdown of this complex system everywhere.
And this is the managed decline of our elites.
It's the managed decline of our elites, but now it's getting into being a complete freefall.
Okay?
A complete freefall.
And you're seeing that throughout the world.
You're seeing that whether it's a, you're seeing that whether it's a, who do we got there?
Oh, we got Dave Walsh.
Hey, Dave, talk to me about energy.
You got Biden sitting there trying to do, Biden's sitting there trying to do 90 days.
He wants three months of taking off the federal tax at the pump.
That's a big solution.
But you've seen this in air travel, all of it.
The collapse of complex systems, Sri Lanka today says they're throwing in the towel.
Food riots, we've got no energy, we have zero.
Dave Walsh, where are we?
dave walsh
Yeah, the federal tax on fuels, that's going to be a minor impact.
We need more production as rapidly as possible to re-energize our U.S.
supply base with flooding the zone with oil and gas.
The airline thing is not a mystery.
You know, we're looking now at 3,000 to 4,000 flights canceled per weekend.
We're past the issue of the vaccine, that was a horrible problem, forcing pilots to get that, but now we're into fuel rationing.
These guys, the majors, don't want to lift aircraft out of the sky with any less than 85% seat capacity taken, a number in that range, where they can at least recover their cost of fuel.
The cost of jet fuel has become so costly They won't take off at less than 85% load.
So you get these mystery cancellations.
I, myself, have experienced a couple of them.
No information.
Not even discussion of weather, crew, mechanical issues, anything anymore.
Just your flight's cancelled.
Mysteriously, unexpectedly.
Well, the issue is they, you know, they want to give you a credit, a financial credit, to use against a three-month-out ticket that's going to be possibly twice as expensive.
You know, we all get it, but that's, uh, so this weekend we have Buttigieg stepping in.
He's gonna, he's gonna look at that for us.
So that's not very comforting, but that's a, you know, that's a key issue many, many people now face.
And in the UK, this transportation thing, public transportation fueled by diesel.
You know, here we go.
It's, it's gone.
Folks can't afford it.
steve bannon
I just want to make sure, you're saying that the key to this is that at the cost of this fuel, unless they're at 85% capacity in the plane, they're just going to cancel it because they can't recover it, right?
And that's the basics.
We've still got the pilot issues and the manpower issues, but this is essential to these 3,000 flights.
Dave, hang on for a second.
Go ahead.
dave walsh
Yeah, the pilot issues have been known for four to five months now in the load plan of manpower.
The new issue is the fuel cost.
That's what's going on at this point with cancellations.
steve bannon
Okay, hang on.
I'm going to get back.
I'm going to ask you about Biden's... The Biden solution for all this, which the Democrats already say is dead on arrival, Biden's solution is to take off your federal gas tax at the pump for 90 days, for three months.
That's the solution for inflation.
That's for the energy crisis.
Dave Walsh, Philip Patrick, and a couple of surprises all next to the word.
unidentified
We will fight till they're all gone.
We rejoice when there's no more.
Let's take down the CC.
As you guys just laid out, that the president is going to ask Congress to put a three-month pause on this 18 cent federal gas tax, and also ask these states to do something similar.
The White House estimates that if everyone does that, everyone puts a pause on these taxes, that we'll see a dollar of relief at the gas pump.
So you're looking at 4.95 today, if this all Okay, let me see.
steve bannon
This is all fantasy.
Dave Walsh, is this fantasy land and marginals compared to what we need to do?
dave walsh
Yeah, it doesn't materially induce more production.
Biden has himself in a In a verbal war with the chairman of Chevron, the chairman of Exxon Mobil, now on the need to produce more.
Exxon Mobil came out with data that did show the long-term nature of these investments.
Half a billion that they put into Oil and gas exploration and recovery in the last four years are producing about 10-year paybacks.
Those are long-term projects.
Gas taxes by state, states stepping up and abating gas taxes, rebating them back in the federal government are trivial issues compared to the structural issues costs.
Here's what they want us to go in the direction of Germany.
Here's a chart of, if you all can see it, The Daily Interday Solar Power Utilization.
That's inside the six hours that solar power matters on a cloudy day in Germany.
For example, and we're headed this way in California and New York already in this country.
They are bragging now about being 46% renewable.
How has that happened?
It's happened because they've diminished their base load continuous energy sources Coal and nuclear by about 42% since 2005.
They've destroyed the production of base load continuous 24 hour a day energy sources and displaced that with wind and solar.
The solar, because of the chart I showed, the intermittency of it inside the only three and a half hours a day in Germany that it makes sense.
Germany, by the way, is about the latitude of 100 miles north of Quebec.
The effect of sunshine there is 60% as useful as it is in the U.S.
for solar power.
they've spent uh... hundred and seventy billion dollars on solar and what they're getting out of that is a a a massive dependence on gas to fill in the gaps where the sun's not there the fitness sixteen hours a day where it's not there at all then inside that minor six hour seven hour window where it is there when it's not there all those valleys have to be filled in by gas and oil that can start units of very rapidly to step in peaking units and displace that
those tend to be not recycled units but open cycle where the exhaust goes into the air the net net of that displace power with gas in the times that the sun isn't there which is most of the time causes more c-cut to emissions then and then where you started this is that So they've gone crazy!
steve bannon
How do people follow you over at Getter?
You've become one of the foundational elements of our show.
How do people follow you?
dave walsh
Dave Walsh Energy at Getter.
Thank you, Steve.
steve bannon
Dave, thank you very much.
Collapsed Compact System.
Let's play this hit on the Fed, and we'll bring in Philip Patrick, Birchgold.
unidentified
But Seema, the man of the moment in Washington right now is Jerome Powell.
jonathan lemire
We know about the interest rate hike just a few days ago he announced, and today he's appearing on Capitol Hill, where I suspect he will face a lot of questions.
unidentified
Give us a preview of what we should expect.
He absolutely will.
In front of Congress today, Fed Chair Jerome Powell will try to reassure lawmakers that the Fed is doing everything it can to tackle high inflation that is hurting so many Americans right now, and he will likely take on a Hawkish tone reiterating the need to raise interest rates as he did last week with that surprise 75 basis point hike and how that's the key tool to lowering inflation but you'll have to explain why a rising rate environment will bring prices down but won't send the US economy into a deep recession.
That is what the market will be looking for clarity on the speed and scale at which this economy softens How does the Fed avoid a hard landing?
Just this morning, Citigroup raising the probability of the world economy entering a recession to 50%.
And yesterday, Goldman Sachs economist Jan Hatzias, who is well-followed here on Wall Street, also said the risk of a recession is growing.
So Powell will need to address that when he testifies today.
steve bannon
Philip Patrick, your assessment of all this, sir?
phillip patrick
And look, I think the Fed, no, I think everybody knows that recession is unavoidable, right?
The line coming from them, they said last Wednesday, look, we're not trying to induce a recession, but there's no way to get this inflation under control without tightening monetary policy so much.
that it causes recession and they're basically telling us that.
So back in May, Fed Governor Chris Waller, he said, look, I cannot emphasize enough that my FOMC colleagues and I are united in the commitment to do what it takes to bring down inflation.
Now, in central bank speak, the words do what it takes typically means, look, we're pulling out all the stops here, even if it's unpopular recessions on the horizon, everybody knows it, even the Federal Reserve. Explain to people FMO when you use the term FOMC, what do you mean by that?
It's a meeting of the Federal Reserve heads, and they sit down, they have a meeting, and that was the last meeting that came out last Wednesday.
So they came out and said they're pushing that line.
steve bannon
I would actually argue we're already in a recession.
I think the Atlanta Fed, we're coming up to the end of this quarter.
And when we get the quarter numbers at the end of June, you'll have the first half of the year.
I happen to think they're going to show the recession already.
The question is how hard a landing we're going to have.
I think if you ask people in their lives right now, because the inflation when you really calculate is much higher.
Philip, I think, and the other thing I keep telling people, don't get cocky with this great resignation stuff.
You know, particularly young people, it may be time to kind of, you know, make sure your boss is happy and hunkered down and do your job.
And don't be flitting around saying, I'm going to look at 10 opportunities.
Because once this retail numbers and the consumer, you know, it's the lowest number in history for consumer confidence.
Once that starts to collapse, you're gonna start seeing big layoffs.
Philip Patrick.
phillip patrick
Consumer confidence is already collapsing.
There was a report out.
I think it's at the lowest level in history today.
Look, this idea of a soft landing is just fantasy land, and we've got to remember something.
The Fed can't engineer this on their own, right?
They can control rates, which can curb inflation, but it's also going to get expensive given the amount of debt.
But What the Fed doesn't do, they only control monetary policy, which is half of the puzzle.
What they don't decide is how to spend the money, right?
It's the Biden regime that controls fiscal policy.
And as we know, this administration have a lot of good ideas on how to spend money.
Look, you mentioned earlier this proposed gas tax holiday, right?
First of all, it's nonsensical, right?
This saves 18.4 cents per gallon for individuals.
In fairness, it's better than their previous plan to lower gas prices which was to tax gas companies so maybe we're moving in the right direction, but the key is it still increases the budget deficit at a time when every dollar counts.
The thing is, the big issue that I have is for this administration, every issue is fixed Remember their plan to lower inflation?
It's to spend on infrastructure, to spend on childcare, to spend on clean energy tax credits.
As long as there is no fiscal sanity in the White House, we cannot rely on the dollar to serve as a meaningful store of value.
And this, for me, is the bigger issue, right?
Powell is hinting at this himself.
He says, look, we need to push and push forward the widespread confidence in the dollar as a store of value.
And it's not doing that right now.
The dollar is failing to deliver on one of the primary characteristics of money.
It is no longer a reliable store of value.
It's lost 10% purchasing power in the last two years.
By definition, it's failing that test.
Listen, recessions come and go.
Inflation comes and goes.
It's cyclical.
But we're heading down a path where we're moving to a direction where we're heading to a point where there is no coming back, right?
Things like a loss of global reserve currency status, these things are glacial in their nature, but when they happen, we don't come back from that.
And as I've said before, you know, this administration will be gone in two years, but what damage will they create for this nation?
Long beyond that.
steve bannon
Let's get up.
Can Denver pull up, if you guys have it, the special report I did for Birchgold?
I want everybody to go to Birchgold right now and get it free.
It's been a big hit.
We're going to do a continuation of the series.
Phillip and his research team and myself.
But this one, I want everybody to get it to read it.
Because this is what we're talking about.
It's signal, not noise.
I gave a talk the other day, and somebody said, well, hey, Steve, you know, the dollar's the strongest, you know, because everybody's flocking to it because of all the uncertainty.
I said, yeah, that is, if you compare it to fiat currencies, other fiat currencies around the world, it's the world's tallest midget, okay?
The fundamental thing is that what Philip Patrick is saying.
Look, you out there in the audience, understand one thing.
Here's the way the system works and the scam works.
You're getting a devaluation every day of your life.
As they continue to print money to pay for all this crap, you know, the 40 billion in Ukraine, now they want to start a war over in Kaliningrad.
As they continue to print and his budget's coming forward, he hasn't cut the deficit.
That was just the spending we did, the emergency spending we did to stop, you know, the drop in aggregate demand.
Now you're getting back to the good old days where it's going to be 1.5 trillion dollars that they're just going to have to print money.
Nobody's going to be able to buy the bonds, so they're just going to print money.
That's a continual devaluation of the dollar and you, your purchasing power.
unidentified
Philip Patrick has laid out 10% in the last two years.
steve bannon
This is the con.
This is one of the things we're trying to do with Birch Gold is, the reason I did this report, I want everybody to go to Birch Gold and get it, is to show you back from the founding of the country, Really, until the creation of the Federal Reserve, things like currency were the most hotly debated things, right?
Even during the situation before the Civil War, these were hotly debated.
In fact, the whole issue with slavery was that how can you have human beings be capital assets?
You can't do that, right?
So even the more, from the founding of the Republic until the, and they set up the Federal Reserve very simply.
unidentified
J.P.
steve bannon
Morgan, these guys go, If we don't get control of the currency, we the big bankers, right?
You're going to have William James Bryan, maybe too Christian to take control of it, but you're going to have another Andrew Jackson show up and he's going to sit there and go, we shouldn't have a central bank and put us out of business, right?
I mean, the whole history of the country is a fight over currency.
And now we're in the middle of this.
This is why this is so important.
This is why they don't want you to get information.
This is why they don't... This book right here was so great, The Lords of Easy Money.
Christopher Leonard just came back.
I got my notes right here.
This book's fantastic.
And I keep telling people, if you read this book, if you go to Birch Gold and get the special I did with... We're gonna have more with...
with the Philip and the team and if you read that the new book that's out called the trillion dollar triage you'll have a revolution on your hands because people are gonna go this is insanity they're making the wealthy wealthier and I'm paying for it Philip Patrick.
phillip patrick
Listen you're absolutely spot on.
And listen, it's happening already.
Dollar holdings around the globe are at 22-year lows under this administration, 22-year lows.
Administrations come and go.
Presidents are cyclical, but the decisions that they make long outlive their tenure.
And that's my biggest fear with this guy.
steve bannon
What's that speech in Shakespeare?
I'll give you some Shakespeare on the other side.
Philip Patrick, there's also the bonds of the stock market.
We'll do this later.
Maybe we'll do it next week.
There's no place to hide so far.
The Biden regime's done it, so there's no place to hide.
Philip Patrick, how'd they get to you?
I want to thank you for the audience, because you guys are so good about taking calls and walking people through things.
How'd they get to you, Philip?
phillip patrick
So, Birchgold.com slash Bannon.
Lots of good information, access to people like myself.
You can reach me directly at Philip Patrick on Getter as well.
steve bannon
And pick up our special.
Special's totally free.
All you gotta do is go, request it, it'll be sent to you.
It's been a massive hit.
We wanna make it even bigger.
We're gonna do follow-ons in the series.
Talk about the dollars, the prime reserve currency.
An informed electorate is an electorate that can turn this country around.
Philip Patrick, thank you so much, brother.
Appreciate it.
You get Philip on Getter also.
We'll get his Getter up.
Okay, short commercial break.
We're gonna take it in a slightly different direction next in the War Room.
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.
steve bannon
Stern's like Mike Lindell.
I mean, he's dedicated his life now to this kind of Army of the Awakened to make sure people are signed up to precinct committees for election officials.
This guy's done it.
Make sure you get the run-up to 4th of July.
The flag shirts are amazing.
Go check it out at their site right now.
Mike, I've only got a couple minutes.
I'm going to have Mike Davis on later to talk about the Supreme Court.
I've got to ask you, Mike, just about this collaboration you've seen on this gun issue.
The number is 202-224-3121.
Call now.
Go to work.
Call now and tell the Senate what you think about it.
How dangerous is this, Mike Davis?
mike davis
Well, it's a huge problem with these red flag laws because what they do is they allow government officials to grab your guns without proving that you are unworthy to have a gun.
unidentified
We have a God-given right to keep and bear arms in this country as guaranteed by the Second Amendment.
It is not our job, it is not our burden as American citizens to prove that we're worthy of having that right.
It's the government's job to prove with clear and convincing evidence, I would argue, that we're unworthy.
mike davis
Whether we're a felon or we have mental health issues that make us a danger to the community, these red flag laws are way too vague, way too broad, and are way too troubling.
steve bannon
Did I lose Mike again?
202-224-3121.
We'll boot Mike back up for the afternoon show.
Mike Davis.
You can get him.
We'll put up all his websites.
You've got to check him out.
He's the one pushing for the impeachment of Merrick Garland.
Okay.
It's come to my attention that we need a heuristic device so that people understand exactly what we want.
Because we're going to have these hearings come the new Congress to get to the bottom of what happened on 3 November.
These things right here are show trial.
It's a joke.
You're going to have real hearings and get to the real receipts and find out exactly what happened.
Real hearings.
But this audience, not only do you have to get up to speed, I know a lot of you have read the Navarra Report, but a lot haven't.
But also, how do you talk to your neighbors?
How do you talk to your friends?
I think there's a solution.
And a brilliant guy named Jay Ellis came up with it.
It's a game of how to, like a war game, how to think it through.
Jay Ellis, I know President Trump's seen this.
Walk us through exactly what you've got.
How do people get access to it?
And how can this teach them about exactly what happened on 3 November of 2020, sir?
unidentified
Well, thanks for having me on, Steve.
You know, basically what Election 2020, you decide.
It's a fun political board game.
I mean, The vast majority of the people in the United States are so sick and tired of our elected officials taking themselves too seriously, creating divisiveness, you know, canceling any opposing opinions.
So what we wanted to do was bring levity and fun back to the political conversation.
OK, it's OK to make fun of these guys and we want to entertain and educate.
So what we did is just a couple of guys.
We got together.
And decided that we were going to, you know, personally invest and create a interactive board game that has a delivery mechanism that can't be canceled.
Okay.
And we want to deliver, you know, we compiled facts and footage in a game To let the American people decide what actually is true and not.
Americans can think for themselves.
All right?
We don't need anybody telling us what, you know, what to think.
And we wanted all this to come out prior to the 2022 midterms.
So, you know, I mean, it's, it's, it's, it's a fun idea.
Uh, you know, invite anybody over.
I mean, we want the war room posse.
We want to, we want them to send this game to every elected official.
Send every congressman a game.
Send every senator a game.
Send every state official a game.
You know, anybody with, you know, pronouns in their email.
steve bannon
But you can start by getting it, playing it, and getting your friends and colleagues and family members that, when you start talking about 3 November, they either roll their eyes or they're saying, hey, I love you as a relative, friend, or colleague.
But get out of my face.
Yes, you can send it all over the country to all these elected officials, but the key thing is to build a corpus of people.
When you finish this game, you will understand what happened.
Correct, Jay?
unidentified
Yeah, you will, because we've got several things.
We assembled a team of experts, including, you know, well-known journalists, and we compiled all of this information and all of the cards.
We have corruption cards.
We have fake news cards.
We have triggered cards.
Okay?
It's fun.
It's funny.
But it's all facts.
And in addition to that, Steve, we have a patented technology.
So about 15 cards in the game have a QR code on them.
You could hold your phone over the game.
Okay?
And a packet of seven videos comes up.
And they're all true videos.
They expose the hypocrisy.
They expose the nonsense.
And it's just a great conversation piece.
So again, the whole thing is we compiled facts.
We have all the footage.
We compiled it all.
Everybody can sit and have a fun conversation.
No, this is the way it is.
steve bannon
When you're at the beach house, everybody's going to go to the beach.
When you're at the beach house or you're up in the mountains and you're getting together, you start with your immediate family.
And everybody says, oh, Bannon, you've already ruined Thanksgiving.
Everybody arguing.
This is a way to get facts out.
And you're going to have a good time and a fun time to do it.
President Trump saw it.
Jay, we're going to have you back on right now.
How do people go and check it out and see if they're interested in getting this?
Where do they go right now?
unidentified
All right, Steve, our website is electionfund.com.
So, you know, and, you know, we've teamed up with the War Room.
We're thrilled about it.
Electionfund.com and, you know, got the social, we're at electionfund on Getter, Twitter and Instagram.
And, you know, everybody can go.
You can go on our website.
You can check out the game.
We want the War Room Posse to rally around this.
Have a good time and learn some facts.
steve bannon
Here's the thing.
As you know, we're a super fun crowd here.
We're not fun at the worm.
We're grinding.
This is a heuristic device.
Yes, you will have fun.
And there'll be, you know, a lot of trash talking among people, in particular, your friends and colleagues.
But you're going to learn something.
And more importantly, your circle of friends and colleagues that roll their eyes when you start talking about this, they're going to learn something.
So go check it out.
Go on the site right now.
Check it out.
See if it's for you.
Jay, we'll have you back.
Really appreciate you coming on.
Appreciate the work that you guys did.
The Frank Gabby.
A lot of people put a lot of time and effort in this.
I know President Trump loved it.
We'll get that photo up of his signature.
Jay Ellis.
You can go to social media.
Also, Election Fund.
We're going to push this everywhere.
unidentified
Okay.
steve bannon
This afternoon, 5 to 7.
It's going to be incredible, as it always is.
Check us back out.
Be back in the War Room at 5 o'clock.
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