July 14, 2022 - Bannon's War Room
48:51
Participants
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| Speaker | Time | Text |
|---|---|---|
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unidentified
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They gon' hate me for this one. | |
| Ay, ay, ay. | ||
| You know what's really wild? | ||
| That your own son calling you a pedophile. | ||
| Why you getting called out by your own child? | ||
| And say, pay the peter every time the phone dial. | ||
| Wow, hunnid arguing with hookers while he wearing crack, whoa, they call it a conspiracy, but I'm saying facts, whoa. | ||
| In the mansion up in Cali, but who pay for that? | ||
| Whoa, the media gon' cover it up like he ain't get hacked, whoa. | ||
| Here we go again. | ||
| If it was Trump Jr., it would be on CNN. | ||
| This what happens when you rich, but you a slave to sin. | ||
| This what happens when the devil knock you, let him in. | ||
| Nah. | ||
| I don't care about who disobeying. | ||
| Buying crime family, they all belong in the pen. | ||
| Buy your love's minors, that's the real BLM. | ||
| Call me what you want, but at least I ain't a dim. | ||
| Wait, hold up, don't get mad at me. | ||
| Am I tripping or was he in bed with Natalie? | ||
| Why he recording all that? | ||
| What's the strategy? | ||
| If you do incest, you probably do bestiality. | ||
| Hey, the president's son is a crack head, but you the smartest guy, he know that's what your dad said. | ||
| Is he the real president or a jack lit? | ||
| Why is everyone that voted for your dad dead? | ||
| Why? | ||
| Hey, you know what's really wild? | ||
| That your own son calling you a pedophile? | ||
| Why you getting called out by your own child? | ||
| They say pay the peter every time the phone dial. | ||
| Wow. | ||
| Hunter arguing with hookers while he wearing crack, whoa. | ||
| They call it a conspiracy, but I'm saying facts, whoa. | ||
| In a mansion up in Cali, but who pay for that? | ||
| Whoa, the media gon' cover it up like he ain't get hacked, whoa. | ||
| All the women in your phone, can we check the age? | ||
| Wasn't you on that $15, can we check the page? | ||
| Hunter needs to be in prison, put him in a cage. | ||
| I thought he was clean, seems like he ain't change his ways. | ||
| An addict working for Burisma, how he get a raise? | ||
| 10% for the big guy, who all getting paid? | ||
| I still don't know why he recorded this, is it blackmail? | ||
| But do you really think any of them will go to jail? | ||
| It's satanic and all of them will go to hell. | ||
| You a lame hunter and your daddy lame as swimp It's obvious but if you blind then read it in brim Will the corruption ever end? Only time will tell Your president's son is a crackhead But you the smartest guy he noticed what your dad said Is he the real president or jack lit? | ||
| Why is everyone that voted for your dad dead? | ||
| Hey, you know what's really wild? | ||
| That your own son calling you a pedophile. | ||
| Why you getting called that by your own child? | ||
| They say, pay the peter every time the phone dial. | ||
| Wow. | ||
| Hunter arguing with hookers while he wearing crack, whoa. | ||
| They call it a conspiracy, but I'm saying facts, woah In a mansion up in Cali, but who pay for that, woah The media don't cover it up like he ain't a hat, woah We will govern for a hundred years. | ||
| His vision is almost messianic. | ||
| Bannon sees himself as the narrator in a grand conspiracy of his own devising. | ||
| In rare interviews, CNN investigates the man and his master plan. | ||
| You have no proof. | ||
| We've looked at all the facts. | ||
|
unidentified
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What did Bannon bring to you? | |
| Bannon was calling the plates. | ||
| He seems to have no limits. | ||
| CNN Special Report. | ||
| Steve Bannon. | ||
|
unidentified
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Divided We Fall. | |
| Sunday at 8. | ||
| Okay, we're going to be doing, I think, probably a live chat during the 8 o'clock. | ||
| We're going to have more information out about that. | ||
| The master plan, of course, if you're a member of the Warren Posse, I think you kind of understand the master plan. | ||
| It's quite simple. | ||
| A diverse Uh, inclusive nationalism and a participatory populism. | ||
| We're gonna take it over, you know, village by village, precinct by precinct. | ||
| We got Mark Fincham, big story in Atlantic today. | ||
| Uh, Bannon's man in Arizona. | ||
| The Bannon strategy. | ||
| Poor Mark Fincham. | ||
| The Atlantic Magazine now come for him. | ||
| We're gonna get Fincham on. | ||
| We got Ken Blackwell, we got Dr. Carol Swain, of course the great Steve Moore. | ||
| I want to thank Bryson, I think it's Bryson Gray is the artist that did the rap at the beginning. | ||
| And by the way, if you know the Laptop from Hell as we do, because we were the guys that launched it with Rudy Giuliani and Bob Costello and the great team there with the New York Post, it's very, it's a, the lyrics are quite It's Bastille Day, second hour. | ||
| We're going to honor parts of the French Revolution. | ||
| where the lyrics writer knows the laptop very well. | ||
| I think that song's gonna get a lot of traction. | ||
| Bryson Gray there, and the great Jack Maxey got that to me late last night. | ||
| So we start, it's Bastille Day, second hour, we're gonna honor parts of the French Revolution, we're gonna have Darren Beattie on. | ||
| AOC last night gave it up. | ||
| AOC said last night on the steps of the Capitol, this is an inside job. | ||
| She's furious that there's not an investigation on it, that nothing's happening. | ||
| So Darren B is going to be on with the New York Times piece about Ray Epps, also about AOC. | ||
| So we got a lot to get through today. | ||
| Terry Schilling, just a lot of wood to chop. | ||
| Jason Trennard from Strategas, one of the smartest guys on Wall Street, joins us. | ||
| So Jason, I had to have you in today for the simple reason I don't, and look, I'm not a capital markets guy. | ||
| I'm an M&A guy from Goldman Sachs, but you had to know enough capital markets to kind of, you know, fake it. | ||
| I don't quite understand what's going on here. | ||
| And Zero Hedge has been doing great. | ||
| We have 300, the world has, you know, I got Jim Cramer yesterday saying all the bad numbers are in back of us. | ||
| And of course, Cortez comes on here and field strips his analysis and just says, no, no, no, that's not true. | ||
| We have $300 trillion of global debt, sir. | ||
| That's, I think, $200 trillion more than when Paul Volcker and Ronald Reagan stared this down last time. | ||
| Um, I think a bunch of the 30 trillion in face amount is short term. | ||
| You're going to walk through that. | ||
| I also think the $9 trillion at the Fed on their balance sheet, they've been lying to us. | ||
| They're not going to touch that to try to take that liquidity out. | ||
| They're jammed up. | ||
| And I don't see any, I don't see any good alternatives. | ||
| And all I hear coming out of this administration and quite frankly, in the Fed is just a slew of happy talk today. | ||
| I think that, uh, uh, Harn was going to draw a second hour. | ||
| I think the Italian government will fall today. | ||
| There's a senior, a member of the German government saying we've got to cap natural gas prices. | ||
| We have, the government has to step in and cap the prices or we're going to have social unrest in Germany. | ||
| And you know what social unrest in Germany looks like? | ||
| Let's go back to the 19, the 1920s and the 1930s, right? | ||
| We've seen this, we've seen this before. | ||
| You know, Sri Lanka's collapsing, Ecuador's collapsing, I think Ghana, I think there's five or six that are on the thing of defaulting on IMF debt. | ||
| Jason Trennard, where are we? | ||
| Give us your wisdom of exactly, not what they're saying, what does Jason Trennard think? | ||
| Well, I have to say, I feel very strongly, and I've been doing this a long time, and sometimes you have good calls and sometimes you have bad calls, but this is a period of time where we've, I think, seen the ball pretty clearly over the last 18 months. | ||
| We never thought this was going to be transitory. | ||
| And it's hard to believe after 18 months that they're still saying that this is transitory or that the worst is behind us. | ||
| There is a chance that the year-over-year increases in inflation fall from here. | ||
| And yesterday the CPI was up 9.1%. | ||
| The PPI number, which is producer prices, that was up this morning up 11.3%. | ||
| So, uh, which also has implications if, if PPI is growing faster than CPI has big implications for profit margins, uh, and eventually, uh, labor, but in my opinion, but hold it. | ||
| That also, but hold the PPI hasn't, that's what I had. | ||
| It hasn't rolled through the CPI yet. | ||
| Right. | ||
| Did anybody project that 11.3% on the PPI, sir? | ||
| No, no. | ||
| I mean, and there again, that is, if your input costs are going faster than your ability to pass it on to consumers, that's obviously pretty rough on profits. | ||
| And Wall Street analysts' expectations for profits next year have hardly budged. | ||
| We could get into the stock market a little bit, but that's why I'm still quite cautious about the market. | ||
| You've seen multiples contract because of higher inflation, but you've seen really no impact on earnings expectations. | ||
| Hang on, hang on. | ||
| I think the stock market right now is about as irrelevant as anything. | ||
| We have a global, we are the most leveraged in world history. | ||
| It's 300 trillion dollars totally in debt. | ||
| And hey, guess what? | ||
| That was all lent. | ||
| And this is what you and I talked about over the last two years. | ||
| The entire structure of the world economy is based upon essentially negative interest rates or free money. | ||
| You bet. | ||
| This is what we've been kidding. | ||
| We've been kidding ourselves. | ||
| You're the first one that taught me this back after the crash in 08. | ||
| When I first met you. | ||
| We're living in dreamland. | ||
| Go ahead, sir. | ||
| We're living in dreamland. | ||
| I'm telling you, this is a crisis of biblical proportions and all you hear on business TV and all you hear coming out of here is fantasyland. | ||
| I want to walk through, you have $300 trillion of global debt, add everything up, right? | ||
| Here in the United States, we have $30 trillion. | ||
| We keep talking about the $30 trillion of debt. | ||
| Jason, you're the first guy to get there and say, hey, we've been funding that short term, right? | ||
| With basically zero interest rates. | ||
| What's going to happen to us on the $30 trillion? | ||
| Well, 50% of our debt that's outstanding in the United States matures in the next three years. | ||
| So if you think of only a country with a reserve currency like the U.S. | ||
| would even consider doing something like this, any normal person with interest rates as low as they were would fund long. | ||
| You would want to lock in the low interest rates for a very long period of time. | ||
| Uncle Sam did it the other way. | ||
| The weighted average cost of our debt outstanding is well below 2%. | ||
| And so to the extent to which the Fed funds rate is going to be over 2% within probably the next month, interest expense is going to start spiraling higher. | ||
| And it's going to make the budget a lot worse. | ||
| And there aren't a lot of good options here, because it seems to me the Fed is, I do think they're taking inflation seriously, but unfortunately they're too late. | ||
| And the problem when you fight inflation is that the longer it sticks around, the much harder it is to fight, because it gets into expectations, gets into wage negotiations, gets into contracts. | ||
| And unfortunately, the Fed, in my opinion, started too late. | ||
| Policy lags also are long and variable. | ||
| So the policy actions that we've just been made on the Fed, just started in March, by the way, three or four months ago, it's not going to take effect, really, for probably 12 months to 18 months later. | ||
| So a lot of the seeds of this higher inflation have been sown. | ||
| The year-over-year increases in inflation may decline. | ||
| I would maybe accept that. | ||
| But the idea that you're going to get down to the Fed's target of two to two and a half percent anytime soon, I think, is fantasy. | ||
| Wages are increasing, especially at the lower level, entry level. | ||
| Housing prices are still up, which is having a big increase in rents. | ||
| We are structurally short oil globally and in the United States. | ||
| Unfortunately, in the United States, that's by choice. | ||
| And I would also say the end of globalization | ||
| uh... is going to upward pressure on on prices and so that i think that was one of the lies that was told to us that if we do more trade with countries like china and russia they'll become more western and and that has not happened uh... the only good news and that is we may start actually build manufacturing plants here in the united states again uh... but the bad news is that it makes inflation much harder uh... to fight and so | ||
| We're in a mess right now, and there are no easy answers for the Fed or the administration. | ||
| The dollar being strong, look, they're banking on low unemployment. | ||
| But here's the point. | ||
| You get back here, you already get the small business guys in the Boston Globe story. | ||
| 51% don't think they're going to be around in six months. | ||
| A third of them didn't make rent in June. | ||
| You got producer prices 11.3, higher than consumer price. | ||
| That's all going to blow through. | ||
| So the euro may move, but it's not going to move a lot. | ||
| The global debt, particularly if the United States and a strong dollar, if we start doing things like Volcker tried to do to take care of the burning inferno of inflation, that's like a thermonuclear weapon. | ||
| That could bring the whole system down, right? | ||
| I mean, walk the audience through what could happen here. | ||
| And you just said, hey, we're going to finance it. | ||
| All the interest is on the debt. | ||
| We have a trillion and a half dollar every year paying for all the discretionary spending. | ||
| You're going to pay for the transfer payments, and you're going to sit there and go, I can't fund defense, I can't fund education, I can't fund all this stuff because I'm paying it all in interest payments now. | ||
| Or, you're just going to continue to print money. | ||
| And we are the Weimar Republic. | ||
| And baby, that's coming. | ||
| Jason Trennard. | ||
| Yeah, listen, I think right now, Steve, as someone who owns gold and gold stocks, I also own energy stocks, very hedged against inflation, one of the things that's kept gold under pressure Although it's been a much better, I would say it's been a much better hedge than Bitcoin against inflation. | ||
| But it is the fact that we've been bailed out by our competition. | ||
| the only the only thing that's keeping the u s hanging in there uh... is that europe and japan or are more dysfunctional in terms of their fiscal management uh... than we are having said that uh... the dollar is significantly weaker for the average person uh... against everything they might buy yes like electricity or steaks or yeah we call it against all against all the fiat currencies was the world's tallest midget okay right again reality against commodities were getting quick people are getting crushed | ||
| is there any jason and i got a jambor i want to hold you for a few minutes over the next before transition to steve more jason i'm a wild man in your steady eddie Does Jason Trenna see any adult in the room when you look globally? | ||
| Is there anybody you look to who you think's talking? | ||
| I tell you what, I want to hold that answer through the break. | ||
| Okay. | ||
| Because I want Jason Trenna to tell us, besides Jason, is there anybody? | ||
| Because when you just talked about the mismanagement in Germany, the mismanagement in Japan, the three of us are supposed to be the most sophisticated, stable, biggest, smartest industrial economies in the world. | ||
| The Bank of Japan, right? | ||
| The German government. | ||
| The Federal Reserve. | ||
| The American government. | ||
| And all three of these are, that's what, it's unbelievable. | ||
| Short commercial break. | ||
| Jason Trenum joins us on the other side. | ||
| We got Steve Moore. | ||
| A packed show today. | ||
| On the way to financial and economic Armageddon. | ||
| It's unbelievable. | ||
| The irresponsibility. | ||
| Future generations are going to look back here and they're going to have taking names. | ||
| These people right now are wearing things that will be infamous. | ||
| Short break. | ||
| Back in the War Room in a moment. | ||
|
unidentified
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War Room. | |
| Pandemic. | ||
| We will fight till they're all gone. We rejoice 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. | ||
| Okay, welcome back to the War Room. | ||
| I think the producer price index, which is actually in your life, maybe even more important, because this is going to affect things called yobs, jobs. | ||
| I've been saying on this thing for months and months and months. | ||
| Don't believe all this happy talk. | ||
| They're running around all the jobs. | ||
| The jobs are coming back because we're coming back from the pandemic. | ||
| There's no real job creation. | ||
| And now you're going to get slaughtered. | ||
| You add the Boston Globe analysis of small business, you add this producer price today, it's going to hit the big companies. | ||
| Boom, you're going to have big-time layoffs starting, and here's what they're going to do. | ||
| They're going to come back from all their junkets in August. | ||
| They're going to come back in September, and we're going to be talking about a massive stimulus plan. | ||
| They're going to do American Recovery Act 2. | ||
| It's coming. | ||
| They may call it Build Back Better. | ||
| They're going to call it something, and they're going to try to jam it in with the reconciliation. | ||
| It's all games and gimmicks, games and gimmicks. | ||
| But the games and gimmicks are about to stop. | ||
| Because now, somebody's actually going to have to bite the bullet. | ||
| And there's nobody of courage, there's nobody of wisdom. | ||
| I mean, Paul Volcker, he went to the White House back in the 70s. | ||
| Remember Jason? | ||
| He went to the White House and sat around listening to Carter and those guys. | ||
| He thought they were such clowns. | ||
| He walked back over to the, he went down to the Fed building, the Eccles building, and raised interest rates 500 basis points in an afternoon. | ||
| That's what he thought of political leadership. | ||
| Hey, suck on this. | ||
| I think I'm going to have to be the pathfinder. | ||
| If you did that today, the economy would be in a Great Depression, right? | ||
| It should be done. | ||
| I think the real Fed rate should be 7, and we calculated here a couple weeks ago, 7.2%, 7.5%. | ||
| You couldn't do that. | ||
| Jason Trenner, is there anybody out there that you see that is speaking rationally or truth to power right now about this and not happy talking spin? | ||
| Well listen, I think you're going to have a guest on in a minute, Steve Moore, who I think has been speaking very eloquently. | ||
| There's Larry Kudlow, there's Art Laffer, but there's also, I would say Larry Summers has been, I think has been exceptional on this topic. | ||
| He's been very clear, he's been correct. | ||
| In terms of the idea that there is no free lunch, you can't drop $5 trillion into $20 trillion. | ||
| Are they going to get rid of Yellen in August and bring in Summers to be Secretary of Treasury? | ||
| I think it sounds like, and I'm certainly not an expert on this, it sounds like Yellen's days are numbered at Treasury, and I think Summers, he should get confirmed, and I think he would be quite acceptable. | ||
| He would have a harder time, perhaps, with his own party. | ||
| Uh, then he might have, uh, with the, uh, with the Harvard thing about the women's side. | ||
| Do you think, what do you think about a Steve Ratner to replace, uh, Deese? | ||
| Deese has got to go, right? | ||
| That's, he's just a Larry, he's a Larry Fink, ESG guy, right? | ||
| He's not a real, he couldn't handle it. | ||
| He's not a Kudlow. | ||
| He's not a, he's not a, he's not a guy like a Steve Moore you put in there, right? | ||
| No, I mean, listen, I don't know the man personally, but it is very clear that this administration really doesn't have an economics policy, it doesn't have an energy policy, it has an environmental policy. | ||
| Or at least the environmental policy supersedes the other things that we should be worried about, which is price stability, full employment, providing the right types of circumstances for businesses to spend on their capital, to grow their businesses. | ||
| All of that is secondary to the secular religion of environmentalism, and it's having real impacts on real people. | ||
| There's about a billion and a half people in the world that don't have any access to electricity on a consistent basis. | ||
| What are we going to tell them about fossil fuels? | ||
| Are we going to tell them to use wood and dung and all of the other things? | ||
| It's insane. | ||
| You know what's going to happen? | ||
| It's not it's not important what we tell them. | ||
| It's what they're going to tell us. | ||
| OK, what they're going to tell us and they're going to tell us you're going to have the greatest migrations in human history because they go, hey, this is not working for me and I'm not prepared to do this. | ||
| And you guys are living in Paris. | ||
| You guys are living in New York City. | ||
| You guys live in the Hamptons. | ||
| Hey, I'm heading north. | ||
| This is what they're going to say. | ||
| That's what you see right now in the invasion of the southern border. | ||
| You know why? | ||
| They're rational people. | ||
| They're rational actors in this. | ||
| They're looking at, this is crazy. | ||
| This is not rational. | ||
| All these big shots talking about the deplorables and MAGA and you breathe through your mouth. | ||
| Show me any rationality backed up by evidence and facts of what we're doing. | ||
| We have the pedal down right now. | ||
| We are driving off the cliff. | ||
| And if people think, even Donald Trump, with guys like Steve Moore and other people that come in, Navarro, all of them that really came in here, MAGA, this ain't, we are doing things now that are going to take decades. | ||
| The other thing too, after the Civil War until Black Thursday, The Great Depression, 1932. | ||
| Right? | ||
| A couple years after. | ||
| The Republicans essentially ran the country. | ||
| The abolitionist party, right? | ||
| That won the war. | ||
| From 1932, essentially to the Gingrich Revolution and Reagan, but even then, the Democrats still haven't been in charge. | ||
| That's about to end. | ||
| Their own policies are going to destroy them. | ||
| Because people are not going to be able to live. | ||
| It's all coming. You just do the math. You just do the math. | ||
| Thank God. If we weren't the reserve currency, and that's one of the things I'm doing with Birch Gold, I put at the end of the dollar empire. And people said, well, Steve, the dollar is so strong. No, it's just on these other fiat currency. It's the world's tallest midget. Look at it compared to commodities right now. | ||
| And people know that the people walking in the bodegas, they get it. They know more about what's reality right now than the people in the superior capital, the people on Wall Street. | ||
| You know why? | ||
| Because they understand what they've done, and they're trying to spin it, and that's why they got the Jim Cramers with the pom-poms out every day. | ||
| We're keeping those clips. | ||
| Jason, how do people follow you? | ||
|
unidentified
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How do they get to your newsletter? | |
| Our website is www.strategusrp.com and we're easily findable on the internet. | ||
| I'm not a big Twitter or social media user, but it's easy to find us. | ||
| You're, for being the world's most stable guy, I think you get me more worked up than any guest. | ||
| I just, I get more worked up when Jason's on here. | ||
|
unidentified
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Wow, yeah, well... You get me into the steadiest... All right, my friend. | |
| Brother, thank you for telling the truth. | ||
| I appreciate it. | ||
| Thank you. | ||
| You don't see many guys like that on Wall Street. | ||
| That's why he's such a commodity. | ||
| Let's bring in Steve Moore. | ||
| Steve, what a mess. | ||
| Give us your assessment. | ||
| I mean, literally, if we put if Trump came back today and was able to go in the White House, he had more and he had a whole team around him. | ||
| Hey, this is not what they have done is not easy to turn around. | ||
| I mean, this is a catastrophe. | ||
| Steve Moore. | ||
|
unidentified
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Well, Steve, good to be with you. | |
| I just listen with fascination to your great discussion with Jason. | ||
| and I agree with just about everything that Jason said. | ||
| I actually think, you know, I am so frustrated right now because I really believe if Trump, if the American people had not made such a big mistake in November, and I think people recognize they did, I really think there's no reason- Whoa, whoa, whoa, whoa, whoa. | ||
| You mean, not fighting hard enough to make sure that we got to the steel? | ||
| Dude, you're in the war room. | ||
| Hold it, stop, hold still. | ||
| You mean we didn't fight hard enough to make sure that we got the big steel? | ||
| Let's leave that aside. | ||
|
unidentified
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We'll put it in the head. | |
| Okay, I know you still want to go on Fox. | ||
| I got it. | ||
| So hold it. | ||
| So let's assume the illegitimate regime, the illegitimate regime that's there, their policies, do you see any rationality or logic of what they have done, sir? | ||
|
unidentified
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No, that was the point I was getting at, Steve, is that if Trump were still president today, the economy would be absolutely booming. | |
| We would, you know, coming out of COVID, getting people back to work, the jobs, You know, the business is reopening, people going to restaurants and movie theaters again. | ||
| I mean, there's no reason the economy shouldn't be soaring right now. | ||
| These are this was not an act of nature. | ||
| This wasn't covid. | ||
| These were deliberate policies by the radical left to undermine the American economy. | ||
| And I think they're probably a little surprised by how much they've I mean, it's amazing that they've been able to do so much damage in just 15 or 16 months. | ||
| The other point I would make, and this is something you asked Jason about, The leadership issue. | ||
| It's not just that there's no leadership in the United States right now, there is none, but there's no leadership anywhere, anywhere in the world. | ||
| I mean, where are the Winston Churchill's? | ||
| Where are the Ronald Reagan's? | ||
| Where are the Donald Trump's? | ||
| Where are the Margaret Thatcher's that are talking about free market economics and the free enterprise system? | ||
| Nowhere, not in Europe, not in Asia, not in China, not in the United States right now. | ||
| Hang on, hang on, hang on, stop, slow down, slow down. | ||
| Free markets and free that, and you and I disagree on a lot of that, but that's also, don't take this the wrong way, that's also happy talk. | ||
| And here's my point. | ||
| We're in a crisis. | ||
| You're in a crisis of $300 trillion of global debt, household, governments, everybody, finance in a structure. | ||
| The original sin is how we didn't want to take any pain with the financial collapse in 08. | ||
| We had the World Central Banks basically blew up their balance sheets with fiat currency, let the wealthy, the top 1% get it, then the pandemic did it again, right? | ||
| And now we're going to somebody, there's, this is my point, free markets, free that, that's all fine, but that's like a theoretical conversation we can have over dinner. | ||
| I'm talking about somebody who's got to step in here and say, hey, to get out of this, There's no, in fact there's not even no easy choices, there's no choice that's not catastrophic. | ||
| Right? | ||
| Am I wrong? | ||
| You're the economist. | ||
| I just do the numbers on the back of the envelope and see what they continue to doing. | ||
| And this place is like, it's like there's a gathering storm that's a cat, a five hurricane that's coming. | ||
| And this is the clear, you know, the beautiful clear days right beforehand. | ||
| If you ever remember, read those, the things of the ships in the old days, people would leave port, it'd be absolutely beautiful, stunning. | ||
| And then three days later, it'd be a cat five hurricane and they'd be done, finished, history. | ||
| That's where we are right now. | ||
| So you can't have a theoretical conversation about, you know, free markets. | ||
| I love that. | ||
| That's all great. | ||
| Let's have let's have cigars. | ||
| We'll talk about it. | ||
| I'm talking about what has to be done now to stop a catastrophic, cataclysmic financial Armageddon on the American people. | ||
| Steve Moore. | ||
|
unidentified
|
Yeah, look, I'm extraordinarily nervous about where we are right now. | |
| I think it's an incredibly precarious economy. | ||
| I think that people have no idea how bad it can get. | ||
| The balance sheet of the Fed is now $9 trillion. | ||
| I tend to agree with you. | ||
| The Fed is going to have to raise interest rates a lot, and that's going to cause a lot of pain. | ||
| You know, what happens when those mortgage rates go up, Steve, by another three or four percentage points? | ||
| Will that cause a crash in the housing markets, the one thing that's really kept the economy going? | ||
| So my point is that this is based on a series... Hang on one second. | ||
| We're gonna take a short break. | ||
| We're gonna have you come back and walk through that series in a second. | ||
| We got Ken Blackwell. | ||
| We got Dr. Carol Swain. | ||
| We're gonna talk about how this is hitting the minority communities, which is like a hydrogen bomb. | ||
| This is the end of the Democratic Party. | ||
| They've done it to themselves. | ||
| That's the beauty of it. | ||
| They did it to themselves. | ||
| Not the Republicans. | ||
| They did it to themselves. | ||
|
unidentified
|
Next. | |
| 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. | ||
| Okay, the consumer price index yesterday was 9.1 EUR a year. | ||
| The producer price, which is upriver from it, what the producers are paying for that, 11.3%. | ||
| Another blowout, bad number, and that's going to roll through everything. | ||
| And this just shows you, you've been lied to, it's spinning, you've got nothing but happy talk, and nobody will sit there in DC, on Capitol Hill, in Wall Street. | ||
| You know, you've got geniuses like Larry Fink. | ||
| Doing the ESG. | ||
| How's that going to play out for you, Larry? | ||
| You're Mr. ESG. | ||
| How's that going to play out for you? | ||
| 1.5 billion people in the world don't have electricity on a regular basis. | ||
| Think they're going to sit around here now that they're not going to have food? | ||
| The Italian government is probably going to fall today. | ||
| If not today, tomorrow. | ||
| Ben Harnwell is going to be on that. | ||
| The German government puts out a thing, hey, we're going to step in and intercede in the natural gas markets and cap it. | ||
| We're going to cap the price because of what they're doing messing around with Russia. | ||
| And they say, because we got to do it, because if we don't, it's going to lead to social unrest in Germany. | ||
| Check out the last time they had social unrest in Germany, the Weimar Republic. | ||
| Go look at the black and white photographs and the footage. | ||
| How did that turn out? | ||
| Look at Sri Lanka. | ||
| Sri Lanka was a country just a couple of years ago with growth opportunities. | ||
| It was building a middle class. | ||
| It was kind of an example of how you do this. | ||
| Now that they're taking, they've chased everybody out. | ||
| Now they're in the streets and burning everything down. | ||
| Ecuador, it's going to come to Argentina. | ||
| It's already an attorney of China. | ||
| You got the police out there saying, hey, COVID, we got the COVID passports. | ||
| You can't come and get your money out of the banks. | ||
| 300 trillion dollars globally of debt. | ||
| All financed in a zero interest rate market. | ||
| That's what I kept saying. | ||
| The structure of the world is economy. | ||
| And I don't want to hear about stocks. | ||
| Equity is irrelevant. | ||
| Forget about it. | ||
| The guy's talking about earnings. | ||
| Earnings are going to do this. | ||
| You have a sword right over your neck and that is debt. | ||
| We're over leveraged. | ||
| We barred too much globally. | ||
| Right? | ||
| And now, essentially free money, zero interest rates. | ||
| And that game's over. | ||
| The game's over. | ||
| And you go and have everybody stand up and say the game's over, and here's what we're going to have to do. | ||
| Steve Moore, do you see any adults, financially, leave the political, the Churchills and the Reagans, do you see anybody financially, capital markets, that sits there and tells the truth every day? | ||
|
unidentified
|
Well, you're right that the only thing that's kept things going in the last few years has been the low inflation, I mean, the low interest rates. | |
| And guess what? | ||
| Those are going away quickly. | ||
| If you see those mortgage rates go up, you're going to see a housing crisis. | ||
| We lived through that, Steve, in 2007 and 2008 and 2009. | ||
| Remember how that caused major banks to fail and major financial institutions and it was actually a monumental mess of the economy. | ||
| Look, I'm with you. | ||
| I think most Americans don't know how bad it can get. | ||
| I think we've been fed this happy talk now for the last couple of years that everything's going to be OK. | ||
| You know, this is why we did this new report showing nobody in the Biden administration has any business experience. | ||
| The majority of the Biden team on the economy have never worked for a business in their life, Steve. | ||
| Never. | ||
| Zero. | ||
| They can't even have a lemonade stand. | ||
| Your report says the whole government, 62%, have never had a real job. | ||
| Is that essential? | ||
| Never had a job. | ||
|
unidentified
|
And think about this. | |
| The reason it's and I've been thinking a lot about why is that that they haven't gotten competent business leaders? | ||
| It's not it's not an accident. | ||
| This was by design. | ||
| They hate business. | ||
| They hate small business. | ||
| They hate American companies. | ||
| So they don't want to be they don't want to have those people involved. | ||
| They know nothing about hiring workers. | ||
| They know nothing about building things. | ||
| They know nothing about meeting a payroll. | ||
| They know nothing about logistics. | ||
| I mean, when you put somebody like Pete Buttigieg in charge of the supply chain, Pete Buttigieg, he's never run anything in his life. | ||
| When you have Jennifer Granholm as the Energy Secretary, she knows nothing about energy. | ||
| Hang on. | ||
| He said he proposed to his husband in an airport. | ||
| Remember, that was his credentials. | ||
| He loves trains. | ||
|
unidentified
|
So I guess he has no transportation. | |
| Steve, we got to bounce. | ||
| The report is, I think I saw it up on Breitbart. | ||
| Where else is the report? | ||
|
unidentified
|
Yes, on our website, Committee on National Prosperity. | |
| No business experience of the Biden administration explains a lot about why this team has so messed up our economy. | ||
| And it is time to bring some adults in. | ||
| It's children's hours over there. | ||
| And by the way, Steve, you wouldn't hire any of these people in the Biden administration. | ||
| You know, would you hire any of these people? | ||
| Not a chance. | ||
| Zero. | ||
| Decent. | ||
| These guys are a disaster. | ||
| Steve Moore, thank you, sir. | ||
| Honored to have you on here. | ||
| What a way to start. | ||
| Jason and Steve, two of the best guys in the economy. | ||
| I want to connect dots to Steve Moore's report. | ||
| I want to connect a dot here. | ||
| The reason that 62% never had... They're all from the college area. | ||
| Axios has got... They're doing this thing on these numbers that shows that the Democratic Party now is the party of the college-educated white soyboys and white Karens. | ||
| The kind of whiny, you know, hey, have them. | ||
| And that's what their government is. | ||
| That's what their government is. | ||
| And they can't relate. | ||
| But she's up there. | ||
| Hey, get an electric vehicle. | ||
| What are you talking about, lady? | ||
| I got to put gas in the pickup truck. | ||
| I got to put gas to get around the city. | ||
| Oh, just go electric. | ||
| They're detached from reality. | ||
| And now their party is an elite party of white college educated Karens, these whiny Karens. | ||
| Right? | ||
| I call them the wine moms. | ||
| Not drinking wine, just wine. | ||
| Wine moms. | ||
| And the soy boys. | ||
| The Pete Buttigieg's of the world. | ||
| Have them. | ||
| Take them. | ||
| You got them. | ||
| That's it. | ||
| And you see how they're running the government. | ||
| Moore's got 62% and never had a job. | ||
| Because they can't get a job. | ||
| They're in that, they're in the propaganda. | ||
| Carol Swain's the best to tell us about. | ||
| I gotta start with Ken Blackwell. | ||
| Ken, and actually this also talks about the Hispanics, but we're also getting African American men to build this kind of diverse inclusive nationalism and participatory populism. Ken Blackwell, these numbers, 11.3% today in producer price is going to make the CPI even worse. We're getting crushed everywhere. Inflation's on fire. How's that hitting the minority community, sir? And how can we take advantage of that, of these dire economic times to build this political movement even greater? | ||
| Steve, as you know, over my 40 plus years working across this country, I've worked in Appalachia rural communities when I was undersecretary of HUD with Jack Kemp. And I've in fact worked in central cities in which one, in which I grew up in. | ||
| When America, in general, has a cold, these communities financially have the flu. | ||
| And so it is hitting these communities hard at the grocery store, at the gas pump. | ||
| And let me tell you, this Biden mindless attack on fossil fuels is in fact really impacting our communities across the board, but doubly impacting low income communities as a consequence of The increase in heating and cooling our homes. | ||
| And so, you know, they've created a situation where they have not only deconstructed our constitutional republic, opened our borders, made all of these cities border cities. | ||
| They, in fact, are now drugging our kids, particularly in these low income communities. | ||
| And they are creating a situation where the only job opportunities will be with those who want to administer the welfare state or the administrative state. | ||
| Those are the jobs that they get. | ||
| Ken, you've always been a mentor of mine because of your wisdom. | ||
| Tell me then, how do we as a movement, how does MAGA? | ||
| Yeah, I think it's important that we understand how you eat an elephant. | ||
| do the outreach. How do we now build a coalition that's two-thirds of the nation or 70% of the nation and we govern for 100 years? Because this is 1932. | ||
| If we're smart about this, we can put together a coalition and we run the show for 100 years, ladies and gentlemen. Ken Blackwell. | ||
| Yeah, I think it's important that we understand how you eat an elephant, one bite at a time. | ||
| What we now see happening in the Latino community is that Biden is at a 27% approval rate. | ||
| So the flood or the exodus from the Democrat Party there is in place. | ||
| We're now starting to see not only Black males drift away, not drift away, but rapidly abandon the Democrat Party. | ||
| We're now seeing Black women. | ||
| Because one of the things that they begin to understand is that this crazy administration is helping on destroying the family. | ||
| As I tell you all the time, Steve, the family is the incubator of liberty. | ||
| And instinctively, people get this. | ||
| You now have a party, an administration in place that want to kill babies that are unborn but at nine months, right before they are born. | ||
| That is murder. | ||
| And in fact, this is how we have to frame this. | ||
| Going into the 2022 election, it is a matter of life or death. | ||
| Not just one spiritual life, but economic life and security. | ||
| Life or death. | ||
| And you look at the agenda of the Biden-led Democrat Radical Party, | ||
| They are the party of death, economic death, the death and destruction of life in its innocence, and they in fact are the masters of the plan to make us a borderless nation where in fact our cities become not fields of dreams, but killing fields. | ||
| Kent, how can people, I know you're on Facebook, how can people follow you, sir? | ||
| I'm at Ken Blackwell at Getter. | ||
| Ken Blackwell on Twitter. | ||
| Twitter and Getter. | ||
| Make sure everybody on Getter gets the brother Blackwell today. | ||
| Ken, thank you so much. | ||
| Honored to have you on here, sir. | ||
| God bless you. | ||
| Words of wisdom right there. | ||
| Carol Swain, Dr. Carol Swain. | ||
| Carol, we're going to go to break in about two minutes, but I got to ask you, because you know, you've come, you're actually rational and understand the history of this country. | ||
| But, you know, Steve Moore's report, 62% of the Biden administration never really had a job because they've all worked in the universities. | ||
| Now the whole Democratic Party is now nothing but the white soy boys and the white Karens, right, that come from the university. | ||
| It's all college educated. | ||
| What is that? | ||
| You've had to fight that culture forever. | ||
| What is that culture like? | ||
| And what are they imposing on America, ma'am? | ||
| Well, I mean, obviously, first of all, they believe they know everything, even though, in my opinion, they've never worked in the real world. | ||
| They've never held jobs. | ||
| They have studied. | ||
| They've been good in academics. | ||
| And they're guilt ridden. | ||
| You know, regardless of their race, they're guilt ridden. | ||
| And so one of the reasons why we can't solve our national problems is because those are the people that go to Washington. | ||
| They get appointed to cabinet positions. | ||
| They're totally ignorant about the real world. | ||
| I would like to answer the question that you posed to Ken Blackwell about how do we govern for a hundred years? | ||
| We go back to values and principles, the founding values and principles cut across race, ethnicity, religion, Nationality, all of these things. | ||
| And so if we go back to being a principled party and hold our politicians and leaders accountable, then we would be able to build that coalition that is based on the American creed, the American values that have kept us together for more than 200 years. | ||
| Carol, Dr. Swain, hang on for one second. | ||
| We're going to take a short commercial break. | ||
| Dr. Carol Swain is going to join us on the other side about how this economic crisis could be turned into an opportunity for freedom. | ||
| I love that phrase of Ken's. | ||
| The incubator of liberty is the family. | ||
| The nuclear family. | ||
| Short break. | ||
| We've got Mark Fincham. | ||
| We have Dan Schultz in the precinct strategy. | ||
| We've got Terry Schilling, Darren Beattie. | ||
| Packed. | ||
| Wall to wall. | ||
|
unidentified
|
All next in The War Room. | |
| We will fight till they're all gone. We rejoice when there's no more. Let's take down the... | ||
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| It's time to say what you want, the way you want. | ||
| Download now. | ||
| Okay, go to MyPillow.com. | ||
| Also, he got the hook. | ||
| Mike Lindell got the hook from Walmart and all the big box stores. | ||
| Go to MyPillow.com. | ||
| Promo code War Room. | ||
| You've got the special sheet sale for $39. | ||
| Once they're gone, they're gone. | ||
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| These are one-time good deals. | ||
| Go check it out today. | ||
| I want to go back to Dr. Carol Swain. | ||
| Dr. Swain, you were on the President's 1776 Commission. | ||
| You know the history of this country better than everything. | ||
| How can we then practically Go forward, particularly to the minority community, as we try to build this inclusive nationalism, participatory populism. | ||
| What's our outreach to do this? | ||
| Well, first of all, I think that Republicans make a mistake when they feel like minorities are somehow different from white people, because most of us, regardless of where we come from, we want the same things. | ||
| People are concerned about safety. | ||
| You know, be able to provide better opportunities for their children. | ||
| They are impacted the same way by inflation. | ||
| And even though if you're poor and you don't have a savings account or a safety network because you're working, your family members are not able to help you, you're hit harder by that. | ||
| But most Americans share values. | ||
| And I believe if we use a principled approach, And recognize that we're in this together and that what unites us as Americans is so far greater than what divides us. | ||
| The political leaders, the people in academia, those that are pushing division, they are a minority. | ||
| Most racial and ethnic minorities, again, are just like, you know, the majority group. | ||
| Wherever you come from, we're in this together. | ||
| And what I'm finding is that among blacks, Who believed Joe Biden and didn't support Donald Trump. | ||
| There are so many. | ||
| I go to a barbershop, you know, and I'm sitting there with black men. | ||
| Many of them supported, some of them, not all of them, supported Joe Biden. | ||
| But they're saying they were wrong. | ||
| And so I'm encouraged. | ||
| I'm encouraged. | ||
| And I believe if we started treating everyone the way we wanted to be treated, go back to do unto others as we would have them do unto us, I think that we could solve our problems here in America. | ||
| Dr. Swain, how do people get to your, particularly your latest book? | ||
| How do they get there? | ||
| I know you've got your own site. | ||
| I want to make sure everybody gets it, and then how they follow you on social media. | ||
| If you really want to know what I'm up to, go to BeThePeopleNews.com. | ||
| Instead of We The People, BeThePeopleNews.com, and there you can order my books, and Black Afro America, How Critical Race Theory Is Burning Down The House, That has been one of my best-selling books, and it was written for the American people. | ||
| I have one on countercultural living. | ||
| I have one on white nationalism that was written years ago that has been proven to be so timely. | ||
| If you wanted to divide Americans, you'd do everything the Democrats are doing. | ||
| If you wanted a race war, you'd do everything the Democrats are doing, and so I believe that If you want to be prepared to really understand the culture and fight back, then my books would be a good place to start. | ||
| Dr. Swain, thank you so much. | ||
| One thing I know, you're a fighter. | ||
| There's no giving up on you. | ||
| It's in my blood, Steve. | ||
| We share the same blood, Steve. | ||
| Yes, ma'am. | ||
| From the South, ma'am. | ||
| Thank you so much, Dr. Carol Swain. | ||
| A fighter. | ||
| Great fighter. | ||
| Let's make sure we get that Be The People up and everybody ought to check it out. | ||
| She's a real thought leader for us. | ||
| Let's bring in the Atlantic Magazine, continues its obsession with War Room, and it's got a new co-star, Mark Fincham, running for Secretary of State out in Arizona. | ||
| Mark, a huge piece in Atlantic Magazine today about, I guess, your Bannon's Man or the War Room's Man in Arizona, or about our strategy. | ||
| I thought our strategy was just having free and fair elections, sir. | ||
| Yeah, they've gone apoplectic on us. | ||
| I didn't know that I had risen to such that stature. | ||
| All I'm doing is trying to make sure that the laws that have been written by this legislature, in fact, the room that I'm sitting in right now is where public policy is made. | ||
| That's my objective, to make sure that we follow the law that's been written. | ||
| And why they're going apoplectic about this tells me that they know that the law wasn't followed and they want to protect the status quo. | ||
| No, they're trying to trash you. | ||
| They know that you're relentless and you're going to do it. | ||
| But this thing comes out so perfectly. | ||
| You just had another fiasco in Arizona because of Katie Hobbs and her corrupt, incompetent apparatus, sir. | ||
| 63,000, was it, ballots? | ||
| What's the latest, Katie Hobbs? | ||
| I noticed that Katie Hobbs, the contributor over at MSNBC, she's not really mentioned in this article about her incompetence and corruption, sir. | ||
| No, she's not going to mention that because that tees up the whole question of, do we have fraud-free elections? | ||
| And she knows that we don't. | ||
| So, the Atlantic is a disinformation engine. | ||
| They're not a periodical. | ||
| They're not a legitimate news source. | ||
| So, anybody that's giving them money for a subscription, they ought to complain to their state attorney general. | ||
| They've been defrauded. | ||
| Okay, we're going to put it up though. | ||
| I wanted to get this article. | ||
| Everybody should get it. | ||
| Tell us about your campaign. | ||
| How do people get to the campaign site? | ||
| How are they following on social media, Fincham? | ||
| Well, they can go to votefincham.com, that's V-O-T-E-F-I-N-C-H-E-M, not A-M, E-M, dot com. | ||
| And if they click on the news tab, they're going to see every interview that I've ever done, because I want to be the most transparent candidate out there. | ||
| Right now, we are leading in the polls, both generic and with the Trump effect. | ||
| With President Trump's endorsement, we're up in the 60% of likely Republican voters. | ||
| The thing that I find interesting about the Atlantic article, Steve, is They're making the case that I'm not appealing to independents. | ||
| Well, keep in mind that independents want the exact same thing that Republicans want, for the most part. | ||
| Amen. | ||
| We just saw Doug Ducey, Democrat Ducey, endorse my opposition, which, quite frankly, I think is probably the kiss of death in Arizona. | ||
| The guy was censured by the state party, I think, two or three years ago. | ||
| He was booed, basically, off the stage when President Trump had him down in Yuma. | ||
| I mean, that's kind of the famous line that President Trump has given. | ||
| He gave out Ducey's name, and he got booed, and he turns to his right, and he says, they don't like you so much down here, Doug. | ||
| You're running against a Ducey Democrat. | ||
| That's right. | ||
| Real quickly, real quickly, how do they get to the campaign? | ||
| Everybody wants to know. | ||
| VoteBinchem.com. | ||
| B-O-T-E-F-I-N-C-H-E-M.com. | ||
| War Room's the man in Arizona. | ||
| Mark Fincham. | ||
| Thank you very much, sir. | ||
| Honored to have you on here. | ||
| Short break. |
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