Sept. 16, 2022 - Bannon's War Room
48:49
Participants
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| Speaker | Time | Text |
|---|---|---|
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unidentified
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Love is a dream for me. | |
| The most exciting part of the dream is the morning meeting. | ||
| I love it because it is unrestrained and it is unplugged. | ||
| Ten minutes! | ||
| We'll give you everything we know about the market. | ||
| Scan the code to join and never miss the morning meeting. | ||
| It's not pretty out there and it's an expectation of course that we have a lot more earnings warnings to come and or a lot more... | ||
| We didn't get to speak about Nucor. | ||
| Nucor had been very strong. | ||
| Nucor's helping a lot of plants. | ||
| And now it turns out that Nucor is seeing weakness in very key product lines. | ||
| Alright, Nucor. | ||
| Huntsman's seeing weakness in polyurethane. | ||
| These are the things, two weeks ago, we were saying... There's not a lot of pre-announcements. | ||
| Well, that ended. | ||
| that Newcorp is seeing weakness in very key product lines. | ||
| Newcorp, Huntsman seeing weakness in polyurethane. | ||
| These are the things, two weeks ago, we were saying. | ||
| There's not a lot of pre-announcements. | ||
| Well, that ended. | ||
| There were so many pre-announcements this week that I think it was a wake-up call to the Fed that maybe we're being a little too glib here That would be catastrophic at this point. | ||
| 100 off the table. That would be catastrophic at this point. | ||
| Catastrophic! | ||
| Just because we also have a lot of other problems we're contending with as a country, then I think you're really feeding into a narrative that's pulling America down and holding America back. | ||
| Of course we have a lot more work to do in the fight against inflation, in the economy, and a number of things that need attention. | ||
| But if we just ignore the significance of legislative achievements that some people thought were dead and buried just days before they actually happened, if we ignore what it means to have created ten If we ignore the momentum that has been built, then we're not doing our part to support people who are going to help us. | ||
|
unidentified
|
It wasn't named the Climate Act. | |
| You deliberately, and some people would say erroneously, named it the Inflation Reduction Act, and you're celebrating it on the day when, again, we had 40-year highs in inflation. | ||
| And you know how that affects people that you know, on the low end of things. It's like the most insidious problem that, you know, an economy can face. | ||
| And it's just to be celebrating on that day, it's just... | ||
| The worst thing about inflation is that it means people are paying too much, by definition, for things. | ||
| And what this bill does is allows people to pay less for things. | ||
| Paying less for energy, paying less for these home retrofits, paying less for prescription drugs, paying less for insulin if you're on Medicare. | ||
| As you know, Republicans successfully blocked us from getting $35 a month insulin to everybody, but we were able to get it to Medicare recipients. | ||
| And even paying less for electric vehicles. | ||
| So this is part of the fight against the effects that inflation have on people. | ||
| Look, we could have a whole other conversation over a drink about how I get it. | ||
| And there are a lot of different things that are part of this bill, only some of which are related to inflation. | ||
| But in my view, all of which are going to make a big, very positive and historic difference for the American people. | ||
| Certainly clear-eyed about the headwinds that we're facing. | ||
| We're seeing a lot of these concerns and questions coming up. | ||
| Still a lot of growth, obviously still exceptionally low unemployment, but you look at the instability that there is, the consequences in Europe of the Ukraine war, the fact that we're still far from seeing the end of the ripple effects of the COVID and pandemic-related shocks. | ||
| The areas that obviously is really hurting for folks is housing. | ||
| And we see mortgage interest rates above 6% for the first time since 2008. | ||
|
unidentified
|
How high do you think that's going to go? | |
| You know, I think we've certainly seen a substantial part of the increases that are going to come, but it wouldn't surprise me if we see some further increases in mortgage rates. | ||
| That's what happens after a period of excess. | ||
| I'm hesitant to make a numerical forecast, but I don't think we're at the peak right now. | ||
| But I don't think we're going to see massive increases from here. | ||
| Are you worried that we can see a housing crash on the horizon? | ||
| I think for a variety of reasons, this is nothing like what happened in 2008 in some parts of the country. | ||
| But I think housing prices probably are more likely to fall nationwide from their current level than they are to rise. | ||
| That's the consequence of the fact that the economy at some point will slow. | ||
| That's a consequence of the higher mortgage rates and the reduced affordability. | ||
| Unfortunately, I'm not sure at all that rents are going to fall. | ||
| And I think rents may keep increasing in part because given these mortgage rates, people are going to move from buying homes to renting the places where they live. | ||
| Okay, we've warned you about the clown show. | ||
| We've warned you about all this nonsense when these clowns are telling you to buy the dip. | ||
| We've warned you about the Pete Buttigieg's of the world and all these people that are in over their head that have no earthy idea what they're talking about. | ||
| And we're hurtling now to a crisis of epic proportion. | ||
| Even the trade association head of U.S. | ||
| Gas and Oil, I think it's a trade association, and we're going to have Dave Walsh on later, said that the United States and Europe are both hurtling towards an energy and economic catastrophe. | ||
| Last night, just to make sure everybody understands, FedEx, and FedEx is a proxy for global commerce. | ||
| If you can put the tweet up, and I got Mike Davis on board because there's huge news coming out of the Trump thing, but Jim Cramer, in June, put up an article in CNBC that said FedEx is going to have, like, its greatest year ever. | ||
| Strong because of e-commerce. | ||
| This is, I think, June 29th, 26th, something like that. | ||
| You know, 90 days ago. | ||
| The CEO reinforced that 60 days ago. | ||
| Yesterday, they missed earnings. | ||
| When I say missed earnings, it's a collapse of their business, globally. | ||
| And the CEO is covering himself, and I said, we're in a global recession. | ||
| The market's open today. | ||
| It's a bloodbath, as we told you it was going to be. | ||
| And these clowns the other day saying, wait till 11 o'clock in the morning. | ||
| This is too late. | ||
| Wait till 11 o'clock in the morning. | ||
| Come and buy strong. | ||
| The bond market is getting crushed. | ||
| The stock market is getting crushed. | ||
| There's no place to hide. | ||
| And you got Buttigieg and these people up there and barely caught, you know, kind of called out on CNBC by Joe. | ||
| It's in there and they're spinning these spending bills that have nothing to do with inflation. | ||
| And then Larry Summers, who's kind of running to be the next secretary of the Treasury, he kind of says as hard as possible, hey, rates are going to go up. | ||
| Mortgage rents are going to go through the roof and that's going to kill working class people. | ||
| This inflation is on fire. | ||
| And you heard Kramer at the open sitting there going, you can't have a 1% increase because they're talking about the Fed not doing 75 basis points. | ||
| We're doing a one. | ||
| It'll crash everything. | ||
| It's all coming down to random. | ||
| And in summers, the buried lady says the era of excess that we've had in 18 months, any millennial. | ||
| And here's the thing. | ||
| You run around with the socialism, the abortion, all that, run around, fine. | ||
| You believe what you believe. | ||
| I have no problem with that. | ||
| You believe what you believe. | ||
| If any person under 35 years old votes for a Democrat, you are destroying yourself financially, economically, and you deserve it. | ||
| You deserve it. | ||
| You're big boys and girls now, okay? | ||
| Anybody under 35 years old voting for this, understand. | ||
| You compare the fall of 2019 in the Trump record And you compare it to the catastrophe we have today. | ||
| It's so unusual. | ||
| There's no place to hide in this. | ||
| There's no place to hide. | ||
| You can't buy a bond. | ||
| You can't treasuries. | ||
| We're gonna get Brad in here in a second. | ||
| Hey, I put up on Getter with Argentina. | ||
| Argentina, which the United States will be if we're not the prime reserve currency. | ||
| Argentina has 75% inflation. | ||
| 75% inflation, I think it's 75% inflation, or excuse me, 75% interest rates and 100% inflation. | ||
| We're hurdling to our sovereign debt crisis because we've got the debt ceiling coming up. | ||
| That's when you come to war room. | ||
| We've called this from day one, and it's only getting worse, and they're sitting there spinning you as they're going to spin. | ||
| We got huge news, we got economics, we got the Martha's Vineyard, we got immigration. | ||
| Lara Logan's gonna join us. | ||
| I got Davis and Boris on the legal side, because I gotta get there. | ||
| But Boris, I wanna bring you in. | ||
| Before you became part of the Trump movement, you were a Wall Street guy. | ||
| Just put in perspective, give me a minute on, have you ever seen anything like this in your life, sir? | ||
| No, and the complete discrepancy, the complete divorce of perspective, Between Pete Buttigieg, who, you know, I guess now there's 2024 speculation. | ||
| You think that guy's got what it takes to be president of the United States? | ||
| He doesn't have what it takes to be an intern at the Department of Transportation, okay, where he's supposed to be the secretary. | ||
| This guy ran his town in Indiana. | ||
| He ran South Bend into the ground. | ||
| It's a disaster. | ||
| And now he's our Secretary of Transportation. | ||
| Hey, good for Joe Carnon to come in here and throw something. | ||
| You know, usually a squawkback says, oh, kissy, kissy. | ||
| Let's talk about how great the movie Billions is, you know, that's sorking over there. | ||
| Hey, it's a great show. | ||
| Let's have a good time. | ||
| Carnon's coming. | ||
| Hey, how about this? | ||
| F you. | ||
| Fastball at the head, OK? | ||
|
unidentified
|
Yeah. | |
| You lie to the American people. | ||
| Biden and his lackeys, like this guy Buttigieg, lied to the American people, you know, with these Orwellian codenames. | ||
| Hey, here's something. | ||
| We're going to give you a mantra from the war room. | ||
| Price is truth. | ||
| Okay, while the market's down, ended up almost 1300. | ||
| Hey, here's something, we're gonna give you a mantra from the war room. | ||
| Price is truth. | ||
| Price is truth. | ||
| That's what you're seeing today. | ||
| By the way, this is about the pension funds. | ||
| This is about people's retirement. | ||
| They've lied and misrepresented. | ||
| Here's what FedEx tells you which you can't lie about. | ||
| The global economy. | ||
| FedEx is the canary in the mineshaft. | ||
| They're showing the commercial economy is collapsing before your eyes. | ||
| This is not a myth. | ||
| This is the kind of myth people go to jail for. | ||
| They go, hey, when did you know it was not going to be $5.30, it was going to be $2.00? | ||
| When did you know it was going to meet half? | ||
| When did you know internally? | ||
| Because Aunt Daisy in Minnesota is buying the stock in the month of August. | ||
| When did you guys know this? | ||
| You just kind of drop it on us? | ||
| And you reinforce what the world has been saying, the global economy, you can see it everywhere, is collapsing. | ||
| And the canary in the mineshaft is FedEx, and now they can't run and hide from it. | ||
| So Jim Cramer's sitting up there, yeah, new core, we got other buys. | ||
| No, no, no. | ||
| I think we're going to head to another another concept. | ||
| But, you know, we do nomenclature. | ||
| Write this one. | ||
| Put this in your book right now. | ||
| Capitulation. | ||
| Capitulation. | ||
| That's when the lies stop. | ||
| That's when the guys that are fiduciaries that that's when the guys and fiduciaries start worried about getting sued. | ||
| That's when I say I can't do this anymore. | ||
| I can't buy this crap, by the way, because I don't know. | ||
| I don't know where the economy is going. | ||
| Go ahead, sir. | ||
| Everybody's talking about turnarounds and, you know, a dead cat bounces and bear rallies. | ||
| None of that matters. | ||
| That's all terminology. | ||
| That's what people throw around to people who don't know anything, okay? | ||
| Here's the bottom line. | ||
| Our economy is a disaster. | ||
| There is no leadership. | ||
| There's no stewardship. | ||
| I mean, Larry Summers on CNN, I guess he's auditioning, but I don't know. | ||
| And with all due respect to Summers, seems like he lost a couple, two, three, 5,000 steps, okay? | ||
| So the issue is that the Democrats are, so, and this isn't a hyperbole. | ||
| They're so bad at everything, but they're specifically horrible on the economy because they don't know it. | ||
| They don't understand it. | ||
| If you're a minority, if you're under 35 years old, if you're part of that coalition we put together, if you vote for it, you deserve it. | ||
| There's nothing hidden here. | ||
| And you're the ones who are going to pay for it. | ||
| Did you hear Summers at the end? | ||
| The rents are just about to go turbocharged, okay? | ||
| You ain't seen nothing yet. | ||
| The food, the rent, the energy. | ||
| You ain't seen nothing yet. | ||
| The only thing that's going to stop it is demand destruction. | ||
| And demand destruction is just a fancy Wall Street term for you've radically changed your lifestyle. | ||
| You're not doing anything. | ||
| You're not going anywhere. | ||
| You're not spending any money because you can't. | ||
| Let me repeat this. | ||
| If you vote for it, You deserve everything you get, okay? | ||
| Let me be brutally frank. | ||
| It's time now to have a conversation with these people that they get it. | ||
| All the information's out there, and if you vote for it, don't come back whining to us later, because you deserve everything you get. | ||
| You're making a conscious decision as a free man or a free woman. | ||
| Boom! | ||
| I got freedom. | ||
| I got liberty. | ||
| I've seen the information. | ||
| I know what I'm doing. | ||
| Boom! | ||
| You know, Orange Man bad. | ||
| You know, Jake Tapper's up there on CNN saying that the election integrity movement is, the MAGA election integrity movement, is a cancer that needs to be cut out. | ||
| Okay? | ||
| Well, hey, guess what, Jake? | ||
| We ain't getting cut out and we're only metastasizing, okay? | ||
| Because we're going to run the tables. | ||
| You guys and CNN. | ||
| Where's John Malone? | ||
| How come Jake Tapper's not fired? | ||
| Okay? | ||
| This is a disgrace. | ||
| It's an outrage. | ||
| I'll get you guys after the break. | ||
| We're going to be jammed up here. | ||
| Steve, one quick thing on this. | ||
| I want to say one quick thing on it. | ||
| Demand destruction means capitalism destruction. | ||
| It means business destruction, okay? | ||
| Demand destruction is people don't want to buy things, thus businesses go out of business, jobs are lost, and this country becomes Venezuela. | ||
| It's not that they don't want to buy things. | ||
| They can't buy things. | ||
| That's demand destruction. | ||
| This is not you as a free man or woman making a choice. | ||
| This is a choice that's foisted on you. | ||
| That's demand destruction. | ||
| And between that Letting criminals out of jail? | ||
| Destroying our border? | ||
| The Democrats, it seems to me, willfully are destroying our country. | ||
| It ain't an accident, folks. | ||
| It ain't an accident. | ||
| Capitulation. | ||
| Okay. | ||
| Mike Davis, Boris Epstein, Dave Brat all next in the War Room. | ||
|
unidentified
|
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, Boris, I've never seen a meltdown. | ||
| Well, Martha's Vineyard is a different thing. | ||
| We're going to have Todd Bensman on in a little while talking about that. | ||
| But the meltdown on the legal side, I've never seen anything like it, about the judge's rulings and about this investigation essentially being, I think, over. | ||
| But they're not arguing the legal things. | ||
| They're saying the judge is corrupt, incompetent, in Trump's pocket, Trump's lawyer. | ||
| Give us your perspective on that. | ||
| My perspective is this, is that Judge Cannon obviously has studied the issues. | ||
| And then, as we said, always signal, not noise, for the audience. | ||
| As we said last week, when the DOJ, let's be honest, pathetically begged the judge to reconsider her own decision that she had just made on Labor Day, there's no way that was going to work out for them. | ||
| And she took them to school for it. | ||
| She took them to school for saying, hey, I just made this decision. | ||
| Why are you back here? | ||
| I already told you. | ||
| That A, there's going to be a special master, and B, there's an injunction on using the materials seized in the illegal raid of President Trump and Mar-a-Lago, the raid and ransack of Mar-a-Lago, there's an injunction on using that in criminal investigation. | ||
| And she then went, yes, last night, she went chapter and verse all through it again, again, again, pointing out that the DOJ has been leaking like a sieve, and saying that their perspective on, you know, oh, the PRA doesn't apply, She said in so many words, hey, of course it applies. | ||
| President Trump is a president, 45th, 46th, 47th president of the United States, and this is the Presidential Records Act, which has absolutely no enforcement mechanism. | ||
| He also declassified. | ||
| And by the way, there was also a General Warren issue under the Fourth Amendment. | ||
| And some of these things I'm adding here, but she went chapter and verse on why the government's motion to stay her own decision made no sense whatsoever, and really in terms of Strategy. | ||
| It was a mistake by them because now they went to a judge and said, hey, you were wrong on September 5th. | ||
| You should reverse yourself now. | ||
| Of course she wasn't going to do that. | ||
| And she was just going to lay it on further on. | ||
| And that's exactly what she did. | ||
| So next steps, expect for the government to go and try to appeal to the 11th Circuit, which is a good, which is the 11th Circuit is a circuit of fair judges. | ||
| So expect for it to go that way. | ||
| But while that appeal is pending, Judge Cannon's order stands. | ||
| The motion to stay her own order is denied, as she said very clearly yesterday. | ||
| Now there's a special master appointment, Judge Deary, out of the Eastern District of New York, a very respected, experienced judge. | ||
| And a judge, by the way, who was lied to. | ||
| A judge who was lied to by the DOJ during the FISA court process. | ||
| So the special master is appointed. | ||
| Judge Kannon has made clear that even though there is a special master, all the final decisions absolutely rest with her. | ||
| It's Judge Gannon's job to make those determinations. | ||
| Geary is going to separate the papers in different boxes, but she'll continue to make the decisions. | ||
| And there's a continued injunction. | ||
| The government is enjoined from using the materials seized during the raid and ransacking Mar-a-Lago. | ||
| in any criminal investigation. | ||
| So President Trump continues to show that the Presidential Record Act applies, it's got no enforcement, and that the DOJ can't, and effectively, 10 seconds, Steve, effectively the judge said the DOJ can't be trusted to look through these documents to filter presidential executive privilege, attorney-client privilege, partly because they leak, and two, because they've made mistakes. | ||
| Yeah. | ||
| Pardon my French, but it was a bitch slap to the DOJ. | ||
| It was humiliating to the DOJ. | ||
| Humiliating. | ||
| Real quickly, looking downrange, the timing of the appeal, when do you think this happens? | ||
| They could likely go to the 11th Circuit right away. | ||
| Remember, they already noticed an appeal after her initial one. | ||
| But the appeal at this point, they're going to appeal and they're likely going to also ask for a stay from the 11th Circuit. | ||
| But that's not automatic, because they ask for a stay doesn't mean they get a stay. | ||
| So the process right now, Judge Cannon is in charge of it, her order stands. | ||
| We'll see what happens in the leveled circle, but you gotta remember, that kind of appeal, it's an interlocutory appeal, that's an abuse of discretion standard. | ||
| There's no reasonable, woke lefties put aside, George Conway, he's having a good time all night, he's all crazed on CNN. | ||
| All those lunatics put aside, okay? | ||
| Boris, how do people get to you on social media? | ||
| who would say Judge Cannon abused her discretion. | ||
| She's a district court judge, she's evaluated the laws, rules, and regulations, and she's come to the right decision. | ||
| So the process continues. | ||
| Boris, how do people get to you on social media? | ||
| Very important right now. | ||
| Absolutely, a ton going on. | ||
| And very, real quick, very interesting articles you'll see in the New York Times, even other mainstream media, about the DOJ. | ||
| Not knowing really what to do, either on the document hoax in the raid or J6 and other products. | ||
| MyInformationForce... No, no, we're gonna put, we're putting those up on Getter all the time. | ||
| Very interesting. | ||
| The New York Times, the reporting company there is actually, because you know they're nervous people and DOJ are leaking that to them. | ||
| Oh, of course. | ||
| The headline, like, oh, subpoenas, but also a lot of caution. | ||
| That's a message from the DOJ, that they're nervous, and that's a message to the base, that, hey, we ain't got nothing. | ||
| So, here's the bottom line, my information, boriscp.com is the website, hot on boriscp.com, hot on getter at boriscp, on Twitter at boriscp, hot on truthsocial at boris, the hottest on the gram, boris on the scrub site. | ||
| Stay strong, God bless, and Shabbat Shalom. | ||
| Thanks. | ||
| I want to bring in Mike Davis. | ||
| Mike, one of the reasons, you know, we have Bratton, Cortez and Navarro and others on the economic side, geopolitics. | ||
| By the way, biggest news today is actually the meeting with Xi and Putin as they consolidate power. | ||
| We'll get to that later. | ||
| But we're very proud. | ||
| You've called this from day one. | ||
| Put in perspective, because now it's full meltdown. | ||
| If you watch CNN and particularly MSNBC, if you watch MSNBC from the 8th August till today about the raid, Do you do understand everything they said is wrong? | ||
| Everything. So if you watch MSNBC, you deserve to walk around like a fool. | ||
| I'm just giving you information to see who's right and who's wrong. | ||
| Mike Davis called this to a tee from the beginning. | ||
| Mike Davis, sir. | ||
| Yeah, it's amazing to watch the Democrat politicians who used to be former career FBI and Justice Department officials like Andrew Weissman is particularly fun to watch. | ||
| I've been trolling him all last night. | ||
| They're willfully ignorant of the law here. | ||
| This is so much bigger than Donald Trump. | ||
| Obviously, I'm a big fan of Donald Trump, but this is so much bigger than Donald Trump. | ||
| This is about the presidency and presidents going back to George Washington, have this thing called executive privilege. | ||
| It's under the Constitution, the separation of powers, where presidents can get candid advice from his advisors, both inside the White House and outside of the White House, without worrying that their advice is going to end up in the hands of Congress or some court through a grand jury. | ||
| We've had this For 250 years, Biden waived Trump's claim of executive privilege to get Trump, which led to this unnecessary, unlawful Unprecedented home raid where they grabbed 11,000 documents from President Trump, including executive privilege, attorney-client privilege, medical records, tax records, personal records. | ||
| It was disgusting what the Biden administration did here. | ||
| Judge Cannon saw right through it. | ||
| She saw right through their leaks and their lies. | ||
| Her opinions have been very well-reasoned, very even-keeled, and all she's saying is, wait, we're going to take a pause here for a moment. | ||
| I'm going to appoint this well-respected Judge Deary. | ||
| Both sides agreed to this guy. | ||
| I'm going to appoint him. | ||
| He's going to go through these 11,000 documents. | ||
| And figure out what are executive privilege, what are presidential records, what are personal records, what are attorney-client privilege, because the Biden Justice Department just bypassed that process to get Trump, and it is very damaging to the presidency to do that. | ||
| So it's just a pause here to go through this. | ||
| At the end of the day, President Trump is absolutely going to win this case as a matter of law. | ||
| He has the absolute constitutional right to declassify anything he wants. | ||
| He did it both through his January 19th memo on the crossfire hurricane records and his actions. | ||
| He has the right under the Presidential Records Act to have all these records. | ||
| And Judge Cannon will be up by the 11th circuit. | ||
| Hang on, put a pin, I'm going to come right back to you. | ||
| Let me get Dave Brett. | ||
| Dave, we don't have time to do the economic analysis because of time constraints that we're going to do. | ||
| We'll figure out to do it this afternoon or tomorrow. | ||
| But I just want to give you a perspective. | ||
| You and Cortez have been all over this crash today because of the economy. | ||
| It's a capital markets crash because of the economy. | ||
| You've brought up the issue of a sovereign debt crisis. | ||
| Give me a couple of minutes before you've got to bounce on where your thinking is. | ||
| As of this morning, sir. | ||
| Yeah, well, it's just a combination of what you call an historic day when the inflation report came out and that stunned markets because it shows it's staying with us. | ||
| And then the Feds sharpen their pencils. | ||
| And like you say, Larry Summers acknowledging interest rates are going to go up, mortgage rates have more to go. | ||
| And so you do the math on that and you see $31 trillion in debt now with a high interest payment. | ||
| And on top of that, you have the Federal Reserve doing quantitative tightening now. | ||
| Like we've never seen 100 billion per month. | ||
| So that's a trillion per year. | ||
| We started doing that back in 19 or so, just a little bit of quantitative tightening. | ||
| And the Treasury market got wobbly. | ||
| And the Treasury market is the sovereign debt crisis that we're talking about, right? | ||
| The Federal Reserve System was set up to ensure a safe system, financial system for banks, not to ensure the integrity of the United States Treasury. | ||
| as the currency and treasury bond of last resort. | ||
| That's the government's role, right? | ||
| And so they've put us in a terrible spot. | ||
| Everybody's levered up now. | ||
| Inflation is high. | ||
| Interest rates are going up. | ||
| The Fed's going to raise interest rates because they have to get rid of inflation, because they don't want to have to pay that higher interest rate on $31 trillion. | ||
| Dave, hang on. | ||
| I'm going to talk to you right after this show. | ||
| I'm trying to figure out if we can't get you back on this afternoon or tomorrow morning, because we've got to go through this analysis. | ||
| This is something that the audience has to understand. | ||
| We are in uncharted territory. | ||
| Uncharted. | ||
| OK? | ||
| And some of these, they're making massive mistakes every day. | ||
| Dave Brat, real quickly, how did people get you on Getter? | ||
| Yeah, go to Brat Economics. | ||
| The charts are there from yesterday. | ||
| And also, I've got the notes up there on not only FedEx today, the news you brought up and broke, It's devastating for global business. | ||
| But also Goldman, their portfolio of credit cards is subprime. | ||
| 25% of their credit card debt is subprime. | ||
| If you haven't heard that word, that's from 08. | ||
|
unidentified
|
Okay, we'll get you back on this afternoon. | |
| Mike Davis. | ||
| We're gonna get Mike Davis. | ||
| We've got Todd Bensman. | ||
| We've got Lara Logan. | ||
| Dave Walsh on energy. | ||
| All of it. | ||
| Strap in. | ||
| You're in the War Room. | ||
|
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We will fight till they're all gone. | |
| We rejoice when... | ||
| 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. | ||
| You know why they're trying to shut this show down in every different aspect? | ||
| And you know why they're after me and like nobody's business? | ||
| It's very simple. | ||
| There's never been a platform that on a daily basis, six days a week, gives working class and middle class people actual information from experts that talk to them like adults and don't chase a bunch of irrelevant stories, but focus on what are the central issues of our day. | ||
| And that's why I'm so proud to have people like Mike Davis on here, like Steve Cortez, like Dave Brad, like Todd Benzman, like Dave Walsh, consistently, right? | ||
| These are all called shots on the Ukraine or the geopolitical the CCP what's happening and what they're afraid of is a population. | ||
| This is what they fear about pop populism. | ||
| Citizens that actually have insight baseball about the way the system actually works. | ||
| And that's why I'm so proud of the guys that come on here day in a day at the men and women come on here and just put out information. | ||
| Mike, extraordinary job on the appeal. | ||
| And by the way, I know you got him, brother, because I can see your Twitter feed and I see the articles and they're not even arguing law anymore. | ||
| They're not citing cases. | ||
| It's all pure emotion. | ||
| They now you got them. | ||
| You got when they go to the emotional side, you know, you got them because you come at it like a lawyer relentlessly with logic and law and reason. | ||
| Tell me about the appeals process. | ||
| What is the timing and what do you think the outcome of that's going to be? | ||
| I would say this first, Steve. | ||
| When you have these deep state rats like Andrew Weissman cornered, you need to shoot them legally, and so they don't come back and do what they've been doing in the past. | ||
| Andrew Weissman was Mueller's top prosecutor on the fake Russian collusion hoax, and he is going hysterical on Twitter. | ||
| He's unhinged, attacking Judge Kavanaugh. | ||
| He's a psychopath. | ||
| He's a psychopath. | ||
| That's what he is, lunatic. | ||
| And I've been, he's the Michael Avenatti of the Russian collusion hoax. | ||
| Go read his Twitter feed, it's unhinged. | ||
| Anyway, so where we go from here, Judge Cannon put a bow on her ruling yesterday, made it appellate proof. | ||
| If the Biden Justice Department tries to take this on an interlocutory appeal, which they can try to do, they're going to lose. | ||
| It's abuse of discretion standard, even under a de novo standard, the 11th Circuit is going to look at this and say that this is a very well-reasoned, even keeled, smart, effective way for a court to look at these 11,000 documents that the Biden Justice Department illegally raided from a former president to go through those documents to figure out what bucket they go into and then they can tee up the legal arguments later. | ||
| It was a very, very good legal decision. | ||
| There's a very good process in place to handle these records. | ||
| Mark's classified or not classified, and I bet you anything that Judge Cannon's gonna win. | ||
| Mike Davis, how do people follow you? | ||
| Because now they need to do this more than ever. | ||
| Yeah, it's article3project.org, article3project.org. | ||
| It's at article3project, at article3project on Gitter, Twitter, Truth, and my personal is mrddmia, at mrddmia. | ||
| And thank you, Steve. | ||
| Okay, thank you, brother. | ||
| What we try to do when we get into social media and all that, we're trying to make sure if you want an immersive experience, you can get an immersive experience. | ||
| It doesn't cost you anything, right? | ||
| So you can get an immersive experience, you can get in social media, you can get in these feeds and see the battle that's going on minute by minute. | ||
| Also want to, now more than ever, because this is only going to get more complicated as we go forward. | ||
| And remember, the thing in the fog of war is to make sure you can actually focus. | ||
| On what's important, but we need people up to speed. | ||
| That's why I go to birchgold.com forward slash ban and totally free the end of the dollar Empire and I put up on getter today Argentina as a object lesson of what happens when you're not the prime reserve currency. | ||
| We are playing with fire right here, and you have to understand what still allows us to do this. | ||
| And people say, well, then, Steve, you can stop the madness. | ||
| No. | ||
| If we came off the prime reserve currency, it would be an economic catastrophe in this country, right? | ||
| And social cohesion would be gone. | ||
| You got to go to birchgold.com forward slash ban and get the part two of the end of the dollar empire. | ||
| This is about the fall of the U.S. | ||
| dollar as a prime reserve currency. | ||
| The meeting in Uzbekistan between Xi and Putin and all the other bandits right, that are trying to consolidate the Eurasian landmass because Biden has now forced people that weren't in the arms of the Chinese Communist Party into the arms of it. | ||
| Part of the big thing they're doing there is thinking through this basket of currencies that would be an alternative to the dollar. Not that it's going to happen overnight, but they're working on it nonstop. The key to this, as we have said from the very beginning, and the key to the Trump economy, was full spectrum energy dominance. | ||
| Full-spectrum energy dominance. | ||
| Whether it's nuclear, whether it's natural gas, whether it's oil, even the sustainable. | ||
| In every area, let's become full-spectrum energy dominant. | ||
| But let's do it logically. | ||
| That's why the economic, you're going to look back at the golden age of 19, of the fall and Christmas of 19, as the math. | ||
| Because remember, price is truth. | ||
| I want to bring in Dave Walsh. | ||
| Dave, two things. | ||
| One, if Denver could please get up. | ||
| The first article is from a trade association. | ||
| I think it was on CNBC, U.S. | ||
| Oil and Gas Association. | ||
| The president of it channels Dave Walsh and he says, hey, People understand something. | ||
| Europe and the United States are heading to, I think he said, economic energy and economic catastrophe. | ||
| Explain once again, explain once again, Dave Walsh, what what he's what you've been talking about and what he's talking about now. | ||
| Well, the problem in the in the Midwest, in the Northeast, north of Virginia, up through Maine, all the Midwestern states and really everywhere in the country, excepting for the Southwest, we've got almost total dependence on gas heating. | ||
| And the issue becomes, if you look back historically, January, February, gas prices spiked way up, typically from 50 to 100%. | ||
| 50 to 100 percent. In 2001, 2003, 2008, and 2022, January gas prices doubled. In 2010, 2014, and 2016, they went up by 30 to 40 percent in January. | ||
| So we're looking at, realistically, probably, based on where we are today, natural gas prices elevating from a $12 to $18, $18 range in the winter months of January, February, because that's when prices typically cyclically do spike up. | ||
| Not to mention that we may have shortages. | ||
| And we may have shortages because the amount of exportation going on and converting this gas to LNG at the four terminals is huge. | ||
| It's now 11.8 billion cubic feet per day, an all-time record level. | ||
| So we may be also facing some shortages related to the massive exportation underway. | ||
| So that's a That's the same sort of disaster Germany, Austria, England are looking at now, visiting us, in respect to the fact that, you know, much of our country, for home heating, is dependent on natural gas, to begin with. | ||
| And then in those regions, on electricity to display some of that, well, we'd have to have everybody run out and buy space heaters, which would be, you know, the supply of those isn't going to be available. | ||
| But in so many of the states in that area, you're talking Rhode Island, Massachusetts, Connecticut, New Hampshire, and New York are net importers of electricity already, therefore heavily dependent on Ontario hydro and Quebec hydro. | ||
| to supply hydroelectricity to them for their already known shortage of power supply because they've shut down coal plants over the last 10 years. | ||
| They've shut down a couple of nuclear plants up there, most pointedly the Indian Point plant in New York and the Main Yankee plant about 15 years ago in Maine. | ||
| They're taking huge amounts of base load, continuous duty electricity offline permanently, which further stymied the state's ability to back this up with electricity. | ||
| So, yeah, it's a significant, significant problem. | ||
| Dave, hang on, because I got a second part to get into with this, but today we're juggling a lot and people are coming in and out because we've got stuff to do, but a lot of these guys got to bounce for other commitments. | ||
| Just hang right there, Dave Walsh. | ||
| Let's play a call over for Todd Benson real quickly, and then I'll bring Todd in. | ||
| I know he's got to bounce. | ||
| Just go ahead and play it and I'll jump in. | ||
| Jen, why is the administration flying thousands of migrants from the border to Florida and New York in the middle of the night? | ||
| Well, I'm not sure that it's in the middle of the night, but let me tell you what's happening here. | ||
|
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It is our- 2.30 a.m., 4.29 a.m., very early in the morning. | |
| Here we are talking about early flights, earlier than you might like to take a flight. | ||
| It is our legal responsibility. | ||
| I want to play this cold open. | ||
| We see the lies of the Biden administration, what's happening with Governor Sanders right now. | ||
| I want to bring in Todd Bensman. | ||
| We couldn't do the whole cold open because I know you're pressed for time. | ||
| But I want to put it in perspective. | ||
| Martha's Vineyard is a meltdown because of what, 50 illegal aliens have been dropped in there. | ||
| Give the audience a perspective of what's happened in this country, the invasion of this country, the scale of it, as you talk about in your new book. | ||
| But walk us through what the scale of this is because the elites of Martha's Vineyard are whining about 50 people. | ||
| Right. | ||
| Well, we're looking at we're exceeding two million people who have been either admitted into the country by Biden's DHS or who have gotten away. | ||
| And that's a good estimate of about a million. | ||
| That's an underestimate, but it's it's data that's in a court filing. | ||
| So we're looking at two million people that have spread out across the nation. | ||
| Typically, they go by bus, so they enter these cities and municipalities, kind of sight unseen and get absorbed, and the mayors don't say anything. | ||
| They suffer in silence. | ||
| Trust me when I say that mayors across the country are suffering. | ||
| Their tax bases are getting hit hard. | ||
| Their school districts are being swamped. | ||
| They're going to be paying taxes Uh, higher taxes for schools and everything for years and years to come. | ||
| No, no, no. | ||
| Whoa, whoa, whoa. | ||
| American citizens, working class and middle class Americans, understand this right now. | ||
| You're going to pay much higher taxes because you have a bigger base of people that need assistance. | ||
| That's what the government's done. | ||
| They've dumped it in there. | ||
| They're going to throw a few tips to you, the federal budget, of money we don't have. | ||
| Printing money to bury your children we don't have to take to, and I think the number's 4.9. | ||
| Todd Bensman. | ||
| Right. | ||
| Well, remember, even the New York Times recently did a big piece about Portland, Maine, which is as far as you can get from the southern border. | ||
| It was a good piece. | ||
| It was well reported. | ||
| And that city is swamped with illegal immigrants coming off the border. | ||
| If me or any, if I or any reporter out there wanted to go to any city in America, they would find a Portland, Maine. | ||
| The only reason that we're hearing about places like Martha's Vineyard and New York and DC and Chicago is because Republican governors are putting them up there on buses in a really visible way and cameras are attracted to it. | ||
| You can see them. | ||
| But everywhere else you could see them too if you just shined a light. | ||
| They're everywhere and millions more are coming. | ||
| I promise you that we are going to see another 2 million or 3 million before the end of this Biden administration and maybe 4 million, depending on what happens with Title 42. | ||
| Starting in January, we start impeaching him on the invasion of the southern border. | ||
| That's what's going to make it stop. | ||
| You have to have the political will to stop it. | ||
| Todd, let's get the book up. | ||
| It's a pre-order right now, I think. | ||
| Stunning cover, stunning book. | ||
| Todd Benzman, our own Todd Benzman working on this nonstop. | ||
| Overrun. | ||
| This is Biden's invasion of the United States to destroy this country. | ||
| And this is a no holds barred book, just like Todd Bensman can do it. | ||
| Todd, what's your social media? | ||
| How do people get to you? | ||
| I'm going to try to get you back on this afternoon or tomorrow morning because this Martha's Vineyard story speaks to a larger issue. | ||
| And I think that's why DeSantis brilliantly did it. | ||
| Give us, what's your social media? | ||
| How do people get to you during the day in order to book? | ||
| People in this country think that if they can't see it, then it doesn't exist, so they don't have to take responsibility. | ||
| They're being forced to see it right now. | ||
| toddbensman.com is where you can find a way to pre-order the book. | ||
| I'm at tbensman at Getter. | ||
| My writings are at cis.org, Center for Immigration Studies. | ||
| Okay, this thing's going to build to a... This is only going to build. | ||
| This is going to build now. | ||
| And now the Santas has pierced the mainstream media. | ||
| Todd, thank you very much. | ||
| Dave Walsh, we're going to get back to energy as the underlying issue with the collapse of the American and global economy. | ||
| All next in The War Room. | ||
|
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| Okay, MyPillow.com, make sure you go. | ||
| Look, you're not going to get a lot of sleep, but you want to get great sleep. | ||
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| Like I said, if you're manning the ramparts of the worm, are you having the immersive experience that we give you on Getter and all the other information we put out with our great contributors? | ||
| You're not going to get a lot of hours of sleep, but make sure they're the best ever. | ||
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| One more time, also go to, totally free, go to birchgold.com forward slash Bannon. | ||
| Get the second, in fact, get the first. | ||
| The Politics of Money is part one. | ||
| The Fall of the Dollars, the Prime Reserve Currency is part two. | ||
| It's all about the end of the dollar empire. | ||
| Nothing, except for maybe transhumanism, which we're going to try to get Joe Allen here in the second hour about this executive order, will have an impact in your life like this. | ||
| So make sure you understand it. | ||
| What we're trying to do is give you the information so that you can make your own decisions. | ||
| You're free men and women. | ||
| Dave Walsh, once again, you've nailed it. | ||
| I want to go to the second. | ||
| It's a Yahoo story that, surprise, surprise, Well, I'll let you explain it, because now they're all caught, hey, we actually need more energy than we thought to actually do a transition to a sustainable economy, and we're not making any energy, and conservative guys like Dave Walsh. | ||
| I mean, it's a total mass of confusion, Dave Walsh. | ||
| Explain to us exactly what's going on in your own piercing logic, sir. | ||
| Well, the premise of the article is about going green will require more energy. | ||
| And the premise is about EVs. | ||
| The discussion is not about EVs. | ||
| This problem is with us right now. | ||
| Because it goes on to say that many conservatives argue that it's actually not feasible to be 100% dependent on wind and solar. | ||
| No, the facts of mathematics, physics, and weather deem that it is completely impossible to be 100% dependent on wind and solar as we know it now. | ||
| If I had sent Cameron a charter to, Denver may have them. | ||
| I don't know if we can put them up. | ||
| Yeah, go ahead and put them up. | ||
| Call for them. | ||
| The Daily Wind Dispatch for 2020, what that looks like across the country, it's a very jagged chart. | ||
| Anyhow, there's, day to day to day, there's 75%, there it is, that's 2020, every day of the year, that's the variability in electricity output from wind by day of the year in the year 2020. | ||
| Look at that. | ||
| 75 to 80% variability by day in the amount of electricity that that resource provides. | ||
| Now here's the problem. | ||
| You take West Texas with a huge installed base of wind turbines. | ||
| The wind feature across West Texas is about the same daily in one town to the next. | ||
| Therefore, you've got this phenomenon. | ||
| You can't rely on but about 20% of that capacity. | ||
| See where the bottom of this chart is. | ||
| The rest of the time, it's wildly jagged. | ||
| The amount of that average nine-hour-a-day wind resource, when you can predict it's going to be there. | ||
| It doesn't matter how much of this you install. | ||
| You still have this basic issue that across a large region, it's not going to be there for you most of the time. | ||
| 65% of the time, it's not going to be there at all. | ||
| And then the times that it is there, look at this, you're not going to know the degree of availability of power generation that's going to provide you with a 75% to 80% variation in that. | ||
| It's basically a problem of mathematics. | ||
| Solar's the same. | ||
| It's the next chart. | ||
| I chose a given day over here in the southeast, the same spiky nature of complete unpredictability. | ||
| Even in the time from 9 to 4, when you think you're going to have it, on days that are cloudy, you have no idea. | ||
| So no matter how much of it you install, you never get to 100%. | ||
| Again, solar here on the left-hand side, you see it. | ||
| That's a typical day in Florida between August and October when you need it the most. | ||
| Look what you've got because of cloud cover. | ||
| Massive variability inside the 9 o'clock to 4 p.m. | ||
| window when it actually might work. | ||
| So even inside, now before 9am, zero. | ||
| After 4pm, zero. | ||
| All the way to 9am the next day. | ||
| But inside that time period, when it is working, it's working very intermittently. | ||
| You can't rely on it. | ||
| You can't predict it. | ||
| So this article misses the fact that all No, it points out that the reality is of today, and you've got Buttigieg and these guys year-round. | ||
| Is there any actions, are there any actions of this government, is there any actions of the administrative state and Biden right now to alleviate this situation that is the underpinnings of the economic collapse globally, and particularly led by the United States in Europe, and it's leading to a capital markets collapse? | ||
| Dave Walsh. | ||
| The lack of power generation capacity is already way visible and evident in what's happening in California, Texas, Colorado, and migrating up into the upper Midwest. | ||
| Already a present huge problem with brownouts and service curtailments because of this over adoption of this kind of intermittent energy. | ||
| What they need to do, and they're not doing, we do need more coal plants reopened. | ||
| They're the nearest thing to providing known, quantifiable, baseload, continuous duty power that's generally available 98% of the time. | ||
| The next thing would be build out more nuclear and obviously build out more combined cycle plants. | ||
| They're not pushing any incentivization to do any of that. | ||
| The first two, they're killing completely. | ||
| Coal, particularly, with even more recent emissions regulations, which again, we have no energy policy. | ||
| We only have an environmental reaction policy promoted by the EPA. | ||
| And we need more gas plants operational because there is no storage medium presently technically invented for wind and solar. | ||
| There's a long, hey, I appreciate the people are in line for 30 hours and six miles to honor and pay respects to their queen. | ||
| Let me tell you, from the United Kingdom to continental Europe to the United States of America, the most advanced civilization, most advanced economy in mankind's history, you're getting ready for a long, bitter, cold, hungry winter because of policies, not the second law of thermodynamics. | ||
| Policies. | ||
| Dave Walsh, how do people get to you between now and the time I have you back on? | ||
| The point of that is, like England dismantled 40% of its baseload generation ahead of knowing that this other stuff actually doesn't work. | ||
| They've experimented with it. | ||
| Look what's happening. | ||
| The coal is gone. | ||
| The nuclear is three-fourths gone in the UK. | ||
| Anyhow, I'm at... How did we get you? | ||
| At Dave Walsh on Energy on Getter. | ||
| Thanks, Steve. | ||
| Dave Walsh, you're the best. | ||
| Short break. | ||
| Captain Bannon, Calamity Jane Zirkle, Senator Rick Santorum. | ||
| That's a combo. | ||
| All next in The War Room. |
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