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Sept. 21, 2022 - Bannon's War Room
48:52
Episode 2169: Live On The Ground From FAIR And The Catastrophe At The Southern Border
Participants
Main voices
p
phillip patrick
05:06
s
steve bannon
25:31
Appearances
j
john fredericks
02:07
m
marjorie taylor greene
02:27
m
mark finchem
02:35
Clips
j
jonathan lemire
00:06
| Copy link to current segment

Speaker Time Text
unidentified
We welcome immigrants, but we want them to come here legally.
Definitely.
I think that providing a safe passage is the right thing to do because we keep them from exposing their lives to enter through a river that is very dangerous.
And risking the lives of children and mothers and families is not the right way.
We need to provide that safe passage through ports of entry.
And I think that right now, something like that is already happening through exemptions to Title 42.
Just amplify and secure that process would be excellent.
So, Mr. Secretary, let's talk about the border for a minute.
We heard from the President yesterday, asked about the situation.
jonathan lemire
He noted that the countries, Northern Triangle countries and Mexico, fewer migrants at this moment are coming to the United States.
unidentified
Really, it's three other nations.
It's Venezuela, Cuba and Nicaragua.
steve bannon
That's where the issue is.
unidentified
What's your assessment of that and what can be done about it?
It's very much an evolving picture.
When I was in office, the numbers were annually about 300, 400,000 a year.
We're now getting that in a matter of six to eight weeks.
Also when I was in office, as Sister Norman knows, we were dealing with migrants from the Northern Triangle.
Women, children from Guatemala, Honduras, El Salvador.
That is less so now.
It's, as you noted, Cuba, Nicaragua, Venezuela.
Those countries are literally imploding, and the migration is headed not just to the north, but to the south as well.
On top of that, we do not have diplomatic relations, good diplomatic relations with these countries, so they do not agree to repatriate their citizens.
We can't send them back in the conventional way like you would in Central America.
So, the resources we have on the southern border to deal with this, the border patrol, the holding facilities, are much bigger now than they were seven, eight years.
Uh, but the numbers are much bigger and the smugglers are much better at this.
They have bigger buses.
They have more ability to move larger numbers.
steve bannon
Okay.
I can't, I can't, I can't, I can't, I can't hear any more of the lies and spin.
The reason we had Northern Trump had a deal with the Northern triangle.
To remain there, remain in Mexico.
This is all lies and spin.
And look, as a Catholic, I can tell you, Catholic Charities is the worst.
They're taking billions of dollars from the federal government.
It's a complete scam.
And it's another part of the left-wing, radical, progressive apparatus of the Catholic Church, taking government money to fund themselves, to basically bring illegal aliens.
They're part of the support mechanism, support apparatus for the invasion of our country.
And you see there, one of the top guys in the Obama administration just lies in spin, right?
This is an invasion.
They know what they're doing.
This has all been worked through.
We've had Todd Benz.
We've covered this for two years since the very first days of this administration, and we told everybody what was going to happen.
Don't want to say another cold shot by the worm, but another cold shot by the worm.
We told exactly what was going to happen.
And as Peter Navarro said on the live show the other day, Even I was overwhelmed by the numbers.
I never thought the numbers would get over a million or two million.
These numbers are incomprehensible.
It's a full-on invasion.
And now that people like DeSantis and Abbott, and Abbott ought to focus on shutting down the border in Texas.
Uh, and less about shipping migrants and their illegal aliens into the country.
Uh, but DeSantis is doing it in Martha's Vineyard was a stroke of genius has got these guys in the back foot.
They don't want to talk about immigration in the run-up to, uh, cause we, we told you the, the issue set, it's the issue set in the electorate that you get the issue set.
Now we're up 36 points on border security.
We're up 19 points on, uh, immigration.
We're up 23 points.
I think our crime.
If memory serves me correctly, I'll pull my numbers here in a second.
I want to start, so we're going to go to FAIR, the Federation for American Immigration Reform, one of the great groups they have on their traditional radio row.
MTG is with John Frenders, Ben Berquam, the entire Real America Voice team.
We're going to go there momentarily, but I want to start with Colonel Doug Mastriano.
Colonel Mastriano of the Commonwealth of Pennsylvania, you're running for governor.
against a radical, a radical open borders, soft on crime, radical.
And their position in him now is, you know, this guy's a savior.
This guy's going to do this.
Uh, your opponent is a radical open borders.
How big a problem is, is illegal alien crime and, and Biden administration shipping, uh, illegal aliens into, because remember we go through all this.
When they talk about these countries, these are economic migrants.
These are economic people coming here for the economy.
I understand it's better here.
We are not demonizing them.
They're making rational decisions because they're getting into the United States.
It's our leaders that are lying to us.
These people have no right to asylum.
The whole scam is get them in.
New York Times reports they're not even gonna get their first hearing, the real hearing, until adjudication for seven years.
They don't even know, the ICE guys will tell you, we don't know where people are.
We've had four million.
The New York Times admits two million.
And the other way they're positioning this wrong, on the headlines and the chyrons, they've been arrested or detained.
They're not sent back to Mexico.
That's in the country, baby.
They make it seem like on CNN, oh yeah, there were too many arrested, too many stopped, too many detained.
No, no, no, no, no.
That's just giving them, that's giving them the EBIT card.
That's giving them, telling them where they can go to school.
That's shipping them into the interior of the country.
Every state's a border state.
Every town's a border town.
Colonel Doug Mastriano, what is the situation in the Commonwealth of Pennsylvania, given the radical, radical administration of your opponent, who is the Attorney General in the Commonwealth, sir?
unidentified
That's right.
And as you mentioned, he's been the Attorney General now for six years, and he has a record that he's running from.
Because on his watch, we've seen, you know, murders go through the roof.
Crime is up 37%.
You know, Philadelphia is like the Wild, Wild West.
And the Grave Diggers, there was an article that they can't even keep up, burying mostly young 16- to 18-year-old kids, most of whom are just caught in the crossfire.
You know, most of whom are just innocent bystanders and being killed by this lawlessness.
He's supposed to be the senior-long enforcement official of our state, and he's failed in his job.
The keynote, specifically, there's a lot we can talk about on the border and, you know, how every state, as you said, is a border state now.
That's a fact.
We've had ghost flights coming in here, dumping off illegals.
One plane load just passed after Christmas around New Year's last year.
It was 120 passengers, and of the 120 passengers, 113 were kids.
I mean, are you kidding me?
And I, you know, demanded answers from the governor.
Where did you drop these?
Where are these kids?
Who are the sponsors?
Who take care of them?
Who are they?
Where are they going?
And that Tom Wolfe ran from and Josh Spear doesn't care.
And, uh, here's the deal.
I think the exclamation point on this is the fentanyl deaths in Pennsylvania.
I mean, it's like a plague in America.
A hundred thousand last year, Pennsylvania was the fourth highest in the nation with fentanyl deaths, and that's coming across that forest border.
And, uh, you know, we have young people being killed left and right in our cities here.
In my own district, a young man named Tyler, thought he was buying a painkiller, but it wasn't.
It was fentanyl waste that killed him.
Eighteen-year-old young man whose life is being eliminated because of one bad choice, and the dealer was out walking just a couple weeks later.
So I've introduced a bill that if you're dealing with death, you're drug dealing, you kill somebody 25 years minimum, but I'm also introducing legislation that also offers a death penalty now.
Since Josh Shapiro is not doing a job, we're going to have to make sure we beat him because we are a sanctuary state now, Pennsylvania, because there's no mechanism for our law enforcement to ascertain if people are illegal and then what to do with them.
steve bannon
You said the grave diggers can't even keep up with the bodies.
Correct me if I'm wrong, but aren't most of these deaths coming from being gunned down in cold blood of these kids?
Aren't most of these minorities, innocent minorities, they're being gunned down?
unidentified
Yes, most are African American in Philadelphia.
Most of them, many of them have walked away from school because of the heavy-handed policies of the School Union, which owns Josh Shapiro, by the way.
The kids are failing in a school.
They're resuming and then they're constantly masked.
The kids in Philadelphia are back in masks again.
And a lot of these kids are like, you know what, forget this.
And so they're out and they're getting killed in cold blood.
Philadelphia, it's time for a change.
Einstein defined insanity as trying the same thing over and over again and expecting a different result.
You've had a Democrat mayor since 1950.
And they've failed you.
You've had a Democrat city council since 1962.
You got nothing to lose but everything gained.
It's time to try somebody who's going to come in and be a new sheriff and town mayor and have law and order and make it safe for your kids to survive every day and succeed in schools.
steve bannon
Correct me if I'm wrong, although he's got a massive money advantage, and that's because every progressive left, you know, radical, is giving money from New York City and all these other places to Shapiro.
The latest polling shows essentially a dead heat.
Walk me through the polls.
unidentified
Yeah, so, of course, Richard Barrett has a great polling group, which is highly respected.
He's very accurate.
He had myself and Shapiro about a week, week and a half ago, tied at 43 points each.
Trafalgar had a poll last week, and on this talk, the recent polls, has me two points down from Shapiro, and that's with an oversample of 4% Democrats.
And we know, of course, the Republicans will come out in greater numbers.
And here's the thing, Steve.
Hats off, and I've got to nod over to Democrats.
They see how important Pennsylvania is.
If you want a free and fair election in 2024 for president in Pennsylvania, we've got to win in 2022.
I get to appoint the Secretary of State.
The Democrat organizations from around the nation are pouring millions of dollars, millions and millions of dollars into this race here.
The Republican institutions and organizations are not pouring money into this race, and so they're willing to lose Pennsylvania, and it's a bit disconcerting that they don't see how important and critical this is.
Chasing fantasies in Oregon and other states is nice, but it's not even a realistic thing in my mind.
Pennsylvania, we can win it, but we need the resources to pull it off.
steve bannon
The order of magnitude of a Pennsylvania win cannot be overestimated.
We must win Pennsylvania.
We must win the governorship.
Okay, let's go to... Here's what I want to do.
Make sure the polling... By the way, Barras has got you in a dead heat.
Trafalgar's got you a plus two, but it oversampled the Democrats.
Remember, it's the issue set and the electorate that shows up.
Doug Mastriana has to get that electorate out there.
Doug, where do people go to find out more about your events and where you're going, and where do they go to find out how they can support your campaign?
unidentified
We're on all the social media platforms, but to make it easy for people, go to my website.
It's dougs4gov.com.
Doug, the number 4gov.com.
The events are there.
Americans, wherever you live in the world, if you're an American citizen, you could donate to my campaign.
There are no limits in Pennsylvania.
You could donate up to a million, over a million bucks.
You can donate 10 million bucks if you want to.
But we're a small donation campaign, obviously.
That's how we're running it.
Just one more vignette, Steve.
So we had the March for Life on Monday in Pennsylvania, and there was at least 5,000 individuals at the March for Life at the steps of the capital of Harrisburg.
It was beautiful.
It was fantastic.
Yesterday, Planned Parenthood did their march.
I told you we had at least 5,000, and I'm lowballing that.
They had about 85 people for Planned Parenthood shut up and they left a mess on the steps.
They left trash everywhere.
What we're being told in the media about how the decision on Roe v. Wade in June by the Supreme Court has motivated the base of the Democrat Party, I believe that's disinformation.
I have not seen that.
I've seen that our base is more motivated than ours.
We need to keep that up through November and take our state back.
steve bannon
I think every set of analysis I'm looking at, that's just media hype.
They're trying to suppress our people.
They're trying to depress our people.
And by the way, we're rising, we're ascending, and we're winning, and we're going to win the Commonwealth of Pennsylvania.
Colonel Mastroianni, one more time, where do people go to get to find out more about your campaign?
unidentified
Go to DougForGov.com and consider making a donation.
Everything's at stake.
We are the keystone state.
This is just not another gubernatorial race.
If you want to have a free and fair election for President in 2024, it starts right here this year in Pennsylvania.
So please do all you can to get out the vote and donate to the campaign so we can put ads on TV.
steve bannon
Colonel Mastriana, an honor to have you on here.
unidentified
Thank you, Steve.
steve bannon
I appreciate it.
Every state's a border state.
Every town's a border town.
But let's go to the border.
Mark Fincham is running for Secretary of State, and he is on fire.
Fincham, I want to start off with some polling.
Trafalgar has you up 7.
OH Predictive, I think, is just out.
I don't know if we have that back at Real America's Voice headquarters in Denver.
I think it has you up 5.
I don't want anybody leaning on any shovels.
I don't want anybody saying, well, Fincham's up.
I don't need, no, no, no, no, no.
We need everybody to the ramparts, everybody to turn out.
This is a grassroots rebellion.
You need to do it.
And Arizona is the railhead.
Fincham, why are you up right now in this polling?
And quite frankly, tell me, since we're talking about the invasion of the Southern border, Arizona's books and records are a mess in this.
Katie Hobbs is, purposely the Democrats look the other way.
What are you going to do as Secretary of State, sir?
mark finchem
Well, number one, we need to clean up the voting poll books.
We've got people on the polls, on the books, that shouldn't be there.
We've got, and by the way, I want to talk just a second about the border coming up.
They were talking about women and children.
That's BS.
These are military age men coming across the border.
That's what's being interdicted.
So we've got people on the voter rolls that don't belong there.
These are not legal citizens.
We've got fictitious individuals that have to be scrubbed from the list.
And this all goes back to the question of whether or not there's an ability to reassign votes.
We've got some evidence that, frankly, it is possible, but we've got to catch them doing it.
Now, as far as the polls go, we are not taking our foot off the gap.
Nobody gets to take their foot off the gap.
We've got fundraisers from today right on through the last weekend before the elections that are scheduled.
We've got some space for other fundraisers that Might want to hold for us?
We need to raise about 500k in the next 25 days.
Gotta do it.
steve bannon
Tell you what, Fincham, hang right there.
We're gonna take a short break.
Come back with Mark Fincham.
We're also gonna go live to FAIR, their big radio row.
We have MTG, John Fredericks, and of course, the intrepid Ben Berquam from Real America's Voice.
All next, where?
Right here in The War Room.
unidentified
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.
steve bannon
Okay, my pellet dot com promo code war room.
Go there today.
We got the towel sale for $19.98.
Normally, what, $45?
Go check it out.
We also got all the buy one, get one, freeze all of it.
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Support the Armored Piercing Shell.
The Armored Piercing Shell is going to be on the second hour.
He dropped the suit on the FBI.
We also had John Solomon talk about a revolt among field agents for the FBI.
They know the place is over-politicized.
They're starting to complain about it, become whistleblowers.
All of that in the 11 o'clock hour.
Let me go back to Mark Fincham.
Mark, your campaign is now picking up huge momentum.
You can tell that by the numbers, but we need to close the deal.
Carrie Lake and Mark Fincham's campaign are so on fire from a grassroots basis, and I need everybody to go to PrecinctStrategy.com right now.
Remember, the key thing is not your money.
The key thing is put your shoulder to the wheel.
You've got to volunteer.
We need people in the counting rooms.
You got to go to your local RNC, go to your local county, sign up to be a poll worker, election judge, and also precinctstrategy.com.
Get engaged today.
It doesn't cost you any money.
Fincham, you had an amazing event in Southern California.
They tried to shut it down.
They couldn't.
Of course, the liberal progressive left media is so freaked out.
One of the event coordinators They went to her social media from years ago, and that's when I tell you you're winning.
When you got Flynn, Bannon, and Fincham, and they're not talking about us.
They're talking about the event coordinators.
That's winning, baby.
Fincham, you've got fundraisers all over.
You're all over the state nonstop.
How do people get to your site to follow Fincham?
Because here's what, Carrie Lake and Fincham are You can tell Blake Masters has closed the gap against Kelly's money because the state candidates, remember there's no lieutenant governor in this situation.
It's really Carrie Lake and Mark Fincham are driving the federal candidates, the congressmen and the senators.
So Fincham, you've got nothing but momentum baby.
Tell people how you're going to keep it up and where to go.
mark finchem
That's the way it ought to be, where it's coming from the states and bringing along the federal delegation.
So, we're just, we're scheduling events.
If somebody wants to schedule a fundraiser, they can just drop me a note at support at votefincham.com.
That's support at V-O-T-E-F-I-N-C-H-E-M.com.
We've still got some slots open for both lunch hour and for evening events.
If there's an open spot, we will get you scheduled.
And these are, some of these are small events.
We've got one later on today.
I mean, this evening, like 12 people, but they're max donors.
steve bannon
That's perfect, that's perfect.
mark finchem
Folks, also go to votebentrum.com and click on the donate tab.
We gotta raise 500k.
And I do believe, Steve, you've really hit something that's important.
It's message over money.
We're running an incredibly lean campaign.
Same for Blake Masters.
I mean, if you can call multi-million dollar campaigns lean, but the left is spending an inordinate amount of money.
Adrian Conte has got four million dollars coming in.
steve bannon
You see this in Pennsylvania, the Commonwealth of Pennsylvania?
Are you going to let them buy your country?
We know we gotta outvote the money and we have to outvote the fraud, right?
We can fight about all this different stuff in the evening of November 8th.
What is most important is Mastriano wins, Kerry Lake wins, Mark Fincham wins.
We didn't select Arizona and Commonwealth of Pennsylvania randomly, folks.
Remember, we've been fighting there since late in the evening of 3 November of 2020, particularly Arizona.
1120 p.m.
Eastern Daylight Time, that Fox News called it, and everything the world changed since then, right?
The way to clean that up and have a free and fair and transparent, because Democrats are supporting Fincham, Independents are supporting Fincham, just like Marchant in Nevada, is to get a man of integrity in there so we can have a free and fair election, and then it is what it is.
Free and fair election is what it is.
Fincham, one more time, where do people go to find out more about your campaign?
unidentified
Votefincham.com.
mark finchem
Uh, you can, if you want to know the schedule, just send us an email at support at boat fincham.com.
We'll be putting up a, uh, an event schedule, um, for different dates because of security reasons.
We don't put the locations down.
steve bannon
I think it's smart.
mark finchem
Enragering signs and showing up protesting at people's homes, we're not going to do that.
But we would love to hear it.
unidentified
Listen, they don't want to debate.
steve bannon
They want to shut stuff down.
We're not going to tolerate that.
In Southern California, I want to really give a compliment to everybody who put that on, all the coordinators.
It was an amazing event under intense pressure.
And I got to tell you, the intensity coming out of there, you're firing off the football finchum.
Your opponent is nothing but a source-backed hack, and you're going to run the tables on him.
Mark Fincham, thank you very much, brother.
Check back in when we get some new polling.
Everybody, precinctstrategy.com, get there.
You need to put your, if you put your shows, look, we've got the issue set.
We have to make sure we bring the electorate that supports that, that issue set on crime and inflation, in the economy, all of it.
We've got it.
It's right there.
This is just execution.
unidentified
But the people who are going to execute are you, you, you, you, you.
steve bannon
You can change the direction of this country.
You just don't have to scream at the TV set anymore.
Put the channel changer down.
We've got 49, 49 days.
Let's go to Washington, D.C.
to FAIR, the Federation of American Immigration Reform, one of the best groups out there.
They do an annual radio row.
John Fredericks, you've been doing this for years.
Tell me why you're there, what's the intensity, and you've got the new Mika, our co-host here on War Room, MTG.
john fredericks
Well, number one, she's much more beautiful than Mika.
She's much more intelligent than Mika.
She's much more strident than Mika.
And she actually makes a difference in the nation, which Mika doesn't, because she's a total loser.
So let's just get that straight.
Look, I've been coming here for 12 years, so we're a veteran.
This is what my take is on first day, Steve.
I've come here where there's optimism.
I've come here where there's concern.
I've come here, there's a lot of different environments.
What the mood is after four hours being here today, it is a combination of anxiety and a sense of urgency.
I think people now know, if we don't win this election on November 8th, if we don't get 30, 40, 50 seats in the House, 3, 4, 5 seat majority in the Senate, there's no country.
Because they've opened the borders, it's not bad policy, their policy is working!
It's a 10!
They got 6 million people and they wanted 5.
They've exceeded by 20%.
It's only September.
They don't care about the fentanyl.
They don't care about anything.
They don't care about anything but power.
So their entire Biden-Obama strategy of transforming America Through getting illegals and then dispersing them in certain districts to vote?
It's a cynical, sick policy, but everybody knows it's working, and we got 48 days to change this, Steve, or we don't have a country.
That's been the mood here so far.
We don't have a country to change.
That's been the mood here so far.
steve bannon
So MTG, give us your thoughts and observations.
marjorie taylor greene
Well I have to say I was so happy listening to you interview Doug Mastriano and Mark Fitch.
You know how much I love Carrie Lake and I'm so happy that you bring these candidates on because these are the candidates that America is going to elect.
And you know what, Steve?
Everyone knows that this nation is, we're about to have a complete revival because Americans know who our identity is.
We are a Christian nation.
We are a country of nationalism.
We care about our borders.
We care about our economy.
We care about our children.
And I have to tell you, though, for Arizona, I have a message for Arizona.
You guys have a major opportunity.
And this is an opportunity, Steve, you're going to understand exactly what I'm saying.
Mitch McConnell is pulling his support and pulling money from backing Blake Masters for Senate.
And he's doing that because Blake Masters is not the type of senator Mitch McConnell wants in Washington.
But Arizona has an opportunity that only they can pull off.
If they elect Blake Masters and send him to the Senate here in Washington, D.C., they are going to be cutting the head off the snake and defeating Mitch McConnell, the rhino that has controlled the Senate for years now.
This is the message that needs to be sent to Washington, Steve.
Arizona needs to win.
Arizona needs to elect Blake Masters.
They need to elect Kerry Lake, who will be the strongest governor in the United States of America.
And then we in Congress, we need to take control of the House.
We need to impeach Joe Biden.
We need to empower governors to kick illegal aliens, not only out of their states, but deport them out of the country.
And we need to save our country, Steve.
That's what needs to happen.
steve bannon
Let me ask you, before I go back to John and give him the history of the fair, he's been doing this for over a decade.
Kevin McCarthy's coming out with this statement or, you know, it's a mini-contract for America.
Do you believe it is really something that really gets to the heart of what these key issues are?
I mean, we're up 36 points on border security by NBC.
23 on crime, up 19 on immigration, up 19 on the economy, up 14 on controlling inflation, up 6 on bringing the country together.
Don't we have the issue set?
Do we need some other unity document?
Or we just hammer, hammer, hammer on these topics, ma'am?
john fredericks
I don't think it's a unity document.
I think what, uh, and I've been an advocate of McCarthy coming out with something because people, people are voting against what's going on, but they need to also vote for something.
They have to know specifically what they're voting for and what the Republicans are going to do when they take power.
The other reason I think it's critical is that we have a blueprint to hold them accountable for, like Newt Gingrich.
Right, when he had his contract for America, the media kept asking him, what are you going to do?
steve bannon
But I disagree.
John, I disagree.
That was at a time when it was very unformed and the Republicans were small.
Hey, I'll give you something.
We're going to choke off appropriations, no money, huge investigations, and impeach Biden.
Is there anything else we need to talk about?
MTG, is there anything we need to talk about on a unity document besides those three items?
marjorie taylor greene
Well, I want you to know, Steve, Commitment for America, I'm going with Kevin McCarthy to Pittsburgh for that rollout.
And the reason why I'm invested in going and being there for that is because I'm adding the American people's voice to it.
I'm going to be pushing what the base wants in what the Republican agenda is.
And, you know, I tell you something, we need to be a Republican conference that can walk and chew gum at the same time.
We need to have investigations on every single committee in the House, and we need to hold these Democrats accountable and force action to happen.
But we also have to have an agenda that we give Republicans and give Americans something to believe in.
Because if we just do nothing but investigations with no accountability, and we don't have a plan in place, they're not going to trust us in 2024.
And you know I can't let that happen.
We have to win in 22 and 24 to save America.
steve bannon
You guys hang on.
We're going back to fair to John Fredericks and MTG when we return.
We've got Philip Patrick also next.
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.
steve bannon
Okay, welcome back.
We've got some technical issues.
Obviously, we're trying to do a live pickup from FAIR, and that's incredible.
We've got Ben Burquam down there we're going to try to get.
We've got just an amazing, amazing set of guests down there if we can get it fixed, and we're going to go back.
And Denver is working on it right now with our crack production team here.
Of course, we had Phillip Patrick.
I want to go to Phillip Patrick or Birch Gold.
Phillip, big game day here in the Federal Reserve.
There's all kind of talk going around.
It's going to be 75 basis points, 100.
I saw somebody say 150.
Obviously for political reasons, if they do a 1% increase, 100 basis points, the markets will melt down.
So I think Powell's got enough political sense.
I mean, what he should do and what they're going to do is two different things.
Philip Packard, give us your assessment, sir.
phillip patrick
Yeah, I think you're absolutely spot on.
My feeling is it'll be 75 basis points.
They could be more aggressive, but the markets will suffer dramatically.
But we're way behind the curve in terms of interest rates, right?
Even if they raise 75 basis points, it'll put us at 3%, right?
That's still considered the high end of expensive.
Money is too easy today to counter inflation.
Let's not forget the long term average, 4.6%, which is considered neutral by the Federal Reserve.
At 3%, we're still half as high as the Taylor Rule suggests we should be today, which suggests we should be between 6 and 7%.
But that's unlikely anytime soon, and you sort of hinted correctly as to why, right?
The Fed, I think, is happy to dismiss the Taylor rule today in favor of micromanaging the economy.
It's their attempt to engineer a soft landing, right?
They want the markets to swoon and come down slowly as opposed to crash.
But the problem is, by raising rates in such slow, small steps, they virtually guarantee that inflation's going to be here higher for longer.
It's going to be painful.
Right.
And Powell's telling us that he keeps telling the American people to expect pain in combating inflation.
And recently, and I think tellingly, he's been name dropping Paul Volcker.
Right.
Let's not forget.
We remember Volcker successfully combating inflation.
What I think a lot of people forget is how painful it was.
In combating inflation, right?
We had unemployment above 10%.
It was the worst banking prices since the Great Depression, but it eventually ended inflation.
So we need some tough medicine today.
The Fed are attempting to inch their way forward to combat the issue, but we've got very, very tough times ahead.
There's no question about it.
steve bannon
I want to go back to the Volcker situation because we said on day one about Volcker and Reagan, right?
I think we're the first people to bring it up.
I'm sure the comms department has been giving our clips to him because we're hammering this guy.
I want to make sure people understand something.
That's why I had Dave Brat on here, I think two or three, two months ago, over two months ago, where we did, where the Fed fund rates, where interest rates should really be given this inflation.
The story of Volker, and correct me if I'm wrong, Philip, he was in the White House.
He was over at the Oval Office, and Jimmy Carr's there, and they're talking about the economy and, you know, talking about it.
And Volker's just sitting there.
He's not saying anything.
You know, they're independent, quote-unquote.
He hears it.
He's listening to it.
He went back to the Federal Reserve, and I think he raised rates that day 500 basis points.
That's the day he said, hey, I've heard enough.
These people are clowns, right?
You got the same clown show now.
If you did real Fed funds right, the real, if you really took the interest rates, Brad did it two months ago.
I think it was over seven.
I think it'd be over eight, eight and a half today because the burning dumpster fire is just getting worse.
And here's the thing, ladies and gentlemen.
What are they talking about today?
We're going to try to have Russ vote on tomorrow.
It's the continued resolution on they don't have an appropriations bill.
And the reason is they don't want to face reality.
They don't want to cut back the spending.
So the government runs out of money or the ability to spend on 30 September at midnight.
They're going to have one of these CRs.
And the thing is, we kick it into next year when we're in power or you let the Democrats do it around Christmas at lame duck.
But the point still, their safe harbor, Philip, is they're going to go back.
2020 or 2021, you know, last year's, the numbers were currently in baseline.
Well, that was a $1.5 trillion unfunded discretionary spending.
This means the Fed is going to have to continue to print money.
This is why they're in a jam.
And the jam they don't want to talk to the American people about is that the fiscal policy, the easy money monetary policy to date, and particularly the profligate orgy of spending has backed us into a corner And there's no exit unless an adult steps up here and takes charge and really gives the strong medicine we need, Philip Patrick of Birchgold, sir.
phillip patrick
You are absolutely spot on.
And sadly, we don't have those characters in office today, right?
Volker was a giant of a man.
He was figuratively, and I found out not long ago, literally as well, the guy was six foot seven.
We need somebody like that, somebody who's willing to take tough decisions and do what needs to be done regardless of the outcome, because it's the only way we can combat the extent of the problems we have today.
And who do we have instead?
We've got Biden, right?
I watched his 60-minute interview.
It was an absolute joke.
I mean, the guy doesn't have a clue what's going on.
He was saying inflation was up when it was down.
He was saying that, you know, We need to continue to grow the economy.
By the way, the Atlanta Fed came out just now.
They predicted a third quarter of negative GDP growth.
steve bannon
Oh, ho, ho, ho, ho.
Did that just break this morning?
Because they took it down to under 1%.
Ho, ho.
Don't bury the lead, baby.
No, first off, I'm going to have you back on because maybe tomorrow or the next day, and we're going to deconstruct Biden's 60 Minutes.
And this gets you at the mainstream media and the business media.
It was psychobabble.
He doesn't even have the concepts correct or the numbers correct.
Remember, he said, oh, inflation has been flat for a couple of years.
No, the rate of growth, baby.
It's so sick.
Hold it.
The Atlanta Fed.
Wait for it.
We're breaking some news here in War Room.
The Atlanta Fed, which has been taking it down.
Remember, the Atlanta Fed, all the Feds got kind of different responsibilities or different strengths.
The Atlanta Fed is the ones that project out GDP.
Under Trump, growth was what?
Three, three and a half percent?
Here we go.
They predict, and this is what Biden was hanging his hat on.
Well, it's still positive growth, we're coming out, but it was like 1.5%, 1%, 0.9%.
Had they come out this morning and said negative growth before the Fed announces the increase to the interest rates?
They came out this morning?
phillip patrick
Yeah, it was late, I think late yesterday, but it was their GDP now, their inflation predictor, their GDP predictor said negative growth for Q3 as well.
It's it's really, really, really, really tough.
Three quarters now under Biden.
And the crazy thing is the guy's coming out and telling the American people that the economy is growing under his watch.
I mean, it was, as you say, psycho battle.
I think looking at that in more detail is a good idea.
But.
steve bannon
But hang on, hang on.
You've got now, so they can't run around and lie and hide about the recession.
Now you've got three quarters in a row.
The depression.
But here's the key point.
Unless they continue to, they can continue to have this massive deficit spending, which is this Keynesian on steroids, right?
We can't, we're never going to be able to, we're never going to be able to have, you're never going to get control of this.
The burning dumpster fire of inflation will continue.
And this is the point.
You're going to have now the worst of both worlds.
You're going to have increasing... And they're going to do it, you know, a death by a thousand cuts.
They're not going to give you that big... What Volcker said is that, look, we can play around here.
And I sat there and I listened to, you know, Ham Jordan and Carter and all these losers.
Right?
He walked out and gave a five.
Do you understand if somebody gave a 500 basis point increase in the rates of the world?
No, no, no, no.
The world, first off, Philip Patrick and the Birch Gold guys, the phone lines would melt.
It wouldn't blow up, it would melt.
Because the whole world would melt down.
Right?
So Volcker heard it and Volcker just went back and didn't tell anybody.
He just had a press conference.
The other thing I love about Volcker, he would go to testify, this tells you about how Old-school things were in the 70s.
He would go testify on Capitol Hill and all the pictures you see, he's got those cheap cigars.
He's got these small cigars.
He's smoking a cigar and giving testimony up to the Finance Committee and the Banking Committee.
It's original gangster.
Also, it's a different country.
Remember, we were still virtually a creditor nation.
We had a massive manufacturing base.
We led the world.
We're an export nation.
All the things that we don't have today.
Those he did have the tools or he had the things he could fall back on.
Philip Patrick.
What happens today after the 2.30 conference?
We're going to have Cortez and I think David Sokolov.
We're going to try to get some folks on here this afternoon.
We're going to fill it back on hopefully in the next couple of days.
But what do you anticipate basic market reaction is going to be?
He's not going to pop it.
Looks like if he does 100 basis points, it's KD bar the door because he's really sending a signal that the internal numbers they're looking at inflation are out of control.
But where do you think this heads after his announcement today, sir?
phillip patrick
Look, I think the markets will continue to see a sea of red.
Look, the markets, I think, initially when the Fed came out and said, look, we're going to start raising rates, I think that the general consensus was that the Fed would back down as the market started to come down.
Now, I think the markets understand that the Fed are pretty firm in their decision to continue to raise rates expeditiously.
And now we're starting, like I said, to see a sea of red across the board.
So I think that could continue.
The only savior could be if they're thinking, hey, you know, at least they didn't do a full percent or above that.
But this isn't good for the markets.
And I think we'll continue to see the air come out of the bubble.
We'll continue to see the markets come down.
steve bannon
You have bond markets crashing, you've got stock markets crashing.
I want to talk about people's personal lives.
Mortgage rates, I think, hit a high since 2008 last night.
Walk through credit cards.
We had the biggest long-term credit card debt ever.
People are living off these credit cards.
But your life's about to change after this afternoon, because this is not the last one.
Talk to us about interest rates on credit cards, on mortgages, on car loans, because the repo is going to increase, you're getting thrown out of your apartment, it's going to increase.
Talk to us about their personal lives, sir.
phillip patrick
Look, it's going to be very tough.
Like I said, we're nowhere near where we need to be.
75 basis points today.
They could do another two 75 basis points rate hikes and we're going to be back at the average rate.
We've got to go well beyond that.
Obviously for individuals, those with mortgages or trying to buy a home, those that are carrying debt, this is very, very painful.
And particularly when you consider wages are not increasing anywhere near.
Then you look at things like food, medical costs, skyrocketing.
It's a very, very tough climate.
Like I said, the 70s was tough.
This looks to be the 70s on steroids and people People forget quite how tough that climate was.
So, people need to hunker down now.
They need to make smart decisions.
steve bannon
People forget how tough it was.
I remember coming out of school and I went in the Navy.
All my buddies, nobody could get jobs, right?
But here's the thing.
We were a different country.
We had the manufacturing base.
We were essentially a creditor nation.
We led the war on exports.
A very different America.
Plus, you had two giants.
Not just physical giants, because both of them were huge men.
Ronald Reagan and Paul Volcker.
They're looking around, you know, this is why we got to win in November. You got to shut it down.
We're going to shut it down. But I'm telling you, I put up on getter today, the spending fights, they're just starting now in the continue the CR, and we're going to have hopefully Russ vote on tomorrow because he mentioned this last week about this long CR that at least gets us to January, where we're in control versus given the Democrats in a lame duck situation. I also want to get up if we can now more than ever what we're partnership with with Birch Gold. And one of the things is to try to teach people about money, the politics of money, because we did this series called the
end of the dollar empire.
First part was the politics of money.
The second part is really the fall of the dollars, the prime reserve currency.
And we need people to go to get up to this because this is going to dominate.
Politics of money is going to be virtually everything for a while.
And you're going to see this in these massive fights in the spending bill.
The way you choke down this government is through the appropriations process.
And right now, it's a spending orgy.
So we need everybody to go.
It's totally free.
Birchgold.com.
A Ford slash Bannon, and you get both copies.
You get the original, the politics of money that walks you through the history of the Republic, particularly in the 19th century, when this was really what politics was about.
And of course, after the Federal Reserve, we talk about the prime reserve currency.
That's what I said yesterday.
When you look at the Queen's ceremony and that military precision and everything about the Christian church, that was all from a time when they were the prime reserve currency.
That shows you the faded glory when you lose that when the pound was strong when the pound was everything They were at their height just like the dollar. Hey philip Just stay on one second short commercial break coming back with philip patrick and birch gold on its fed day today in the war room The new social media taking on big tech protecting free speech And canceling cancel culture Join the marketplace of ideas.
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unidentified
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steve bannon
No more censorship.
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No more cancel culture.
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steve bannon
Okay, the reason I go on Getter, I'm up there all the time, Philip Patrick's up there all the time, Dave Walsh is up there all the time, Dave Brad is up there all the time, Steve Cortez.
If you just go and start following the War Room contributors, it will be an education like nothing you've got.
These guys are putting up detailed analysis all day.
I'm putting up a number of articles and analyzing them for you and asking your thoughts.
We have people that read all the comments.
The good, the bad, and sometimes the very ugly.
That's okay.
We like the ideas, the marketplace of ideas.
So, but join Getter, it's totally free.
Absolutely free.
And it'll enhance your experience in the War Room.
And plus, it'll enhance your experience with all our contributors.
You'll get to see Philip Patrick, what he's thinking about all the time, or Dave Brat, or Steve Cortes, particularly on the economic side.
And for the audience, look, your life is going to change this afternoon.
The Trafalgar guys just go, it's fantastic.
The team over there has just done a great job at Getter.
I want to go back to, and for the audience, look, your life is going to change this afternoon, it's going to keep changing because we're in a financial and economic crisis, as we said in the early days when we shifted to a war room pandemic.
We said the pandemic is going to trigger a massive drop in aggregate demand that will trigger an economic crisis, that will trigger a capital markets crisis, that will trigger, remember, a geopolitical crisis.
Well, guess what, baby, you got it today over there in eastern Ukraine.
So they're all heads are on fire on a border conflict halfway around the world, but they're not thinking about the invasion of the southern border.
We are.
We're going to go back to fair in a second.
Philip Patrick, more than ever, I think people need, and this is what I'm saying.
I don't tell you to go do things and buy things, but what we're trying to do is immerse you in information.
The one thing you have to do, particularly, and one thing people got to think about this credit card situation is about to blow up in your face.
I understand people are barely making ends meet, but you got to think about particularly this long-term debt.
On the credit cards, these interest rates are going to eat you alive.
OK, so I think more than ever.
And by the way, so I want to go back and you've got to get the the end of the dollar empire, because this is the overall in the ether of what's going to drive so much in politics over the next decade.
OK, this financial crisis.
This is this is like the 1930s.
So you've got to do that.
That's Birchgold.com forward slash Bannon.
You get totally free.
But I also want Philip and I, the reason I love being in business with you guys is that I want people to go and at least talk to your advisors so they can start thinking about what they're going to do with their money because this thing's going to be a house on fire starting today and in the future.
This is not going to drive down inflation.
Now you got the double whammy.
of burning a dumpster fire of inflation plus capital markets that both is Philip Patrick and Navarro and Brad have been around and Cortez a crashing stock in a bond market so where do they go Philip Patrick as you said correctly birchgold.com slash Bannon That's going to get not only the death of the dollar reports, but also good information kits on precious metals.
unidentified
Uh-huh.
phillip patrick
And of course, they can give us a call and you can reach me directly at Philip Patrick on Getter.
But Birchgold.com forward slash Bannon.
A lot of good information there.
steve bannon
And make sure you go to the site, get the 800 number, call and actually talk to somebody.
One of the reasons it's great they've got all these advisors is you go talk and find out everything that's going on, particularly as you see your 401k getting crushed today.
Philip Patrick, brother, we'll talk to you this afternoon after the Fed, the press conference I think is at 2.30.
I'll talk to you then, and maybe we'll get you back on tonight, or definitely tomorrow morning.
Philip Patrick, Birch Gold, thank you very much.
phillip patrick
Thanks, Steve.
steve bannon
I want to bring in Joe Crafter.
Now, by the way, we're going to go back to John Fredericks and everybody at FAIR with Ben Burkhardt.
We've got a ton of interviews set up.
But, Joe, I've got to ask you about iTarget.
I think now, particularly with inflation out of control, people have got to really husband the resources.
It's only going to get worse starting this afternoon.
You guys have come up with an ingenious thing of how people practice with their arms, practice with their weapons to make sure they're proficient in them and it doesn't cost them a fortune, which unfortunately now the range just does because of ammo and range time and all that.
Walk through iTarget, what do you guys have to offer and what do folks have to do?
unidentified
Hey Steve, thanks for having me on.
Last month I had the pleasure of introducing our new product, the iTarget Cube to you.
There are some questions from some customers about how there are two different products, what the differences are.
So I'd like to just kind of explain how they're different, how they're the same, and explain the benefits of using it.
So first, both systems use a laser that goes into the chamber of your actual gun.
So it has this little rubber pad on the back, and the firing pin hits that, and it shoots a laser.
So there's no danger of actually a misfire with actual ammo or anything like that, since that actually goes where the bullet would go.
So I have two systems set up here behind me if you can see them.
This is the original iTarget system here where your phone goes into this cradle and the phone's camera looks at the target and when the laser shoots it... Let me show you with the camera here.
So you see the bullet holes go exactly where the laser hits.
And this is the iTarget cube system.
So the regular iTarget system here, it tracks exactly where your shots hit.
Now the cube system, these are different in that these allow you to set up cubes throughout your house.
So it's multiple targets, not just one stationary target.
You can set these anywhere where you have Wi-Fi.
So they use a different app and I have it running on this phone.
And so this app connects to Wi-Fi to the cube.
So you can add up to 20 cubes and just have a crazy training scenarios in your own home.
So on the app, you just press the button.
It does give you a countdown.
And then you're able to shoot them.
And it tells you exactly how fast you are able to shoot each of the cubes.
Gives you the time so you can see, you can get more proficient and faster.
steve bannon
Um, but hang on a second, but there, there's for two different skills.
First off, they're a hundred percent safe.
You're not using live ammo.
These are just lasers, but the point, and so this is cuts the cost of, of going to the range and particularly the ammo is getting out of control now, but there are two different skill sets.
You can, you can, you can perfect your efficiency on one.
And the other is kind of a live, essentially as close to a live fire exercise as you guys can get.
Correct.
unidentified
Yeah, basically with the cubes you could do all sorts of crazy scenarios.
We had one customer put one on a Roomba.
He was driving around and he was shooting at it.
You could do all sorts of crazy things.
It's unlimited as far as how many targets you want to set up.
You can actually compete with friends that way as well.
You could set them throughout your house and practice You know, where would someone be hiding in your house and do room-clearing drills like this?
I would try to do this.
steve bannon
Hang on for one second.
I want you to hang through.
90 seconds.
We're going to come back.
We've got John Solomon in the FBI, Mike Lindell in the FBI.
We're going to try to get Malone and Naomi on this massive investigation report by Politico.
Plus, we're going back to FAIR.
We are jammed in the second hour like nobody's business.
Stick around.
You're in the War Room.
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