Speaker | Time | Text |
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unidentified
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What do I see for 2022? | |
What's my outlook? | ||
unidentified
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Right, first of all, to me, we have the strongest economy perhaps I have ever seen. | |
Today, the FOMC raised its policy interest rate by three quarters of a percentage point, and we anticipate that ongoing increases will be appropriate. | ||
We are moving our policy stance purposefully to a level that will be sufficiently restrictive to return inflation to 2%. | ||
If we want to set ourselves up, really light the way to another period of a very strong labor market, we have got to get inflation behind us. | ||
I wish there were a painless way to do that. | ||
There isn't. | ||
So what we need to do is get rates up to the point where we're putting meaningful downward pressure on inflation. | ||
And that's what we're doing. | ||
And we certainly haven't given up the idea that we can have a relatively modest increase in unemployment. | ||
Nonetheless, we need to complete this task. | ||
unidentified
|
Stocks closing out the day at session lows, as you know by now, following that 75 basis point rate hike by the Fed. | |
Jeffrey Gundlach telling me just moments ago a recession could be fairly deep if the Fed does in fact keep raising rates. | ||
In fact, he put the odds of a recession happening next year at 75%. | ||
As for his outlook for stocks, he said the S&P 500 could drop more than 20% to 3,000. | ||
He said there's, quote, real value in the bond market now. | ||
Okay, welcome! | ||
It is Wednesday, 21 September in the year of the Lord 2022. | ||
Two massive stories today, one on Wall Street, the other a little bit uptown and midtown. | ||
Manhattan, I guess not in Midtown Manhattan, still kind of downtown Manhattan at the courthouse. | ||
We're going to get to all that. | ||
Letitia James, we've got Mike Davis and Tom Fitton are going to join us about Tish James going after President Trump. | ||
We also have Alex Jones and Benny Johnson and Jim Hoff. | ||
They're all going to join us. | ||
Let's go to, I want to start with Peter Navarro. | ||
Dr. Navarro, you've been calling this for a while. | ||
I just want to correct, I think it was CNBC about this, are we going to go into recession at 75% chance? | ||
The Atlanta Fed today dropped the third quarter estimate to a negative. | ||
That'd be three quarters in a row. | ||
Dr. Navarro, tell us what happened today. | ||
What about this rate increase? | ||
And you've been the first guy to say, hey, the stock market and the bond market are getting blown up. | ||
They're saying today on CNBC, buy the dip in the bond market. | ||
Dr. Peter Navarro. | ||
Steve, the more I watch this, the more I think it really is a cynical game of the smart money jerking around everybody else. | ||
I'm going to show you a quick chart here. | ||
This is the S&P 500 over the last couple of days. | ||
You know, it's bouncing around that fall low at the end of it, red. | ||
That's Jay Powell getting on stage and talking. | ||
This is pretty much what happens, Steve, every time Jay Powell gets on after whatever it is the Fed does. | ||
But I don't understand, other than this is a game on Wall Street, why people don't see clearly what exactly what you, me, Cortez, Brats, Walt, all these guys have been saying we are in a stagflationary environment. | ||
Now, this whole notion of buying the dip in bonds, are you freaking kidding me? | ||
The mortgage rate hit 6.25% today, and it's on its way up to God knows where. | ||
Interest rates are going to keep climbing because of stagflationary forces built in. | ||
The problem we have here, Steve, is that the Federal Reserve is a one-trick pony. | ||
You and I have talked about this repeatedly, but it's worth saying again. | ||
You don't usually have recession and inflation at the same time. | ||
When you do, recession drives down stock pricing, inflation drives down bond prices. | ||
Now, the Fed is a one-trick pony. | ||
It can either raise interest rates to control inflation, or it can lower them to stimulate an economy out of recession. | ||
But think about that. | ||
If it's a one-trick pony, it can only solve one of those problems. | ||
At one time, and when it tries to do that, it exacerbates the other. | ||
This is a replay of the 70s, where Nixon and Ford and Carter all bounced back and forth between fighting recession, fighting inflation, and they didn't understand. | ||
But here's what happened in that time. | ||
In that time, what happened is Volcker sat in the Oval Office and heard Carter yammering on. | ||
He left after the meeting, he went back to the Fed, and he raised interest rates 500 basis points in an afternoon. | ||
Yes. | ||
To shock the system. | ||
Now he sent us into a... And let's be clear, Steve, that Jerome Powell is no Paul Volcker, okay? | ||
I don't want to hear that crap comparison. | ||
unidentified
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He keeps invoking Paul Volcker. | |
He keeps invoking Paul Volcker. | ||
What message is he trying to send? | ||
Well, the difference between Paul Volcker and Jerome Powell is that Paul Volcker was an economist who understood how economies work. | ||
Powell just thinks, well, we got inflation, the only thing I can do is raise interest rates. | ||
That's not a plan, Steve. | ||
Here's the thing. | ||
The Congress and the White House doing one thing, which is stimulating the economy with fiscally irresponsible, inefficient bills that are going to offshore our supply chains and create all manner of both demand pull and cost push inflation. | ||
That's what they're doing. | ||
And Powell's trying to control inflation on this side. | ||
It's just not going to work. | ||
Look, it's like they won't let me on CNBC. | ||
They won't let me on The business shows, they don't want to hear this stuff. | ||
They just want to steal money from pension funds buying the dips. | ||
You were the guy that called the big Trump rally. | ||
You've also said, they said right there, 20% from the peak would be $30,000. | ||
Dr. Peeranvar, in your own voice, are we going to hit $25,000 before we hit $40,000, sir? | ||
I've said that. | ||
That's my call, Steve. | ||
We will hit 25,000. | ||
hit 25,000. And, you know, look, we've had a, since I made the call on the war room in November of last year, we've gone from 36,000 on the Dow down to close to 30,000. There's a, there's a concept in technical trading known as support levels. 30,000 on the Dow is a support level. Boy, as soon as you break through that level of support, that thing's | ||
going to drop thousands more points than 25,000. | ||
And $25,000 is a very reasonable fall, given what we're seeing. | ||
Every piece of news is bad, Steve. | ||
There's no good news. | ||
I see no good economic news. | ||
Well, there's no good economic news. | ||
They're going to come back tomorrow and talk about the CR, which is setting us at levels of this year, which is $1.5 trillion, $2 trillion. | ||
Peter, hang on for one second, because I want to get you at the close. | ||
I want to get to David Sokol, author of American Perspective. | ||
Is an investment professional used to have Teton Capital. | ||
David, give us your perspective of Jerome Powell and their efforts at the Fed to try to attain the burning dumpster fire of inflation in this economy, sir. | ||
unidentified
|
Well, Steve, I think Peter is exactly right. | |
You know, you've got this bizarre scenario. | ||
On one hand, I think the Federal Reserve, if all you focus on is inflation in a vacuum, raising rates is certainly one tool. | ||
But you've got an administration and a Congress that is throwing money on the fire of inflation. | ||
And further, while I'm in favor of obviously we have inflation, we need workers to have wages and at least attempt to keep up with it. | ||
The problem is the government is now almost fostering strikes. | ||
And you're going to end up with a spiraling inflation that raising interest rates will ultimately tame. | ||
But it will be a long time into the future to do it. | ||
And stagflation is what we should be most concerned with. | ||
Real quickly, the subtitle of your book is Defending the American Dream for the Next Generation. | ||
Can we even worry about the next generation now or we're going to wipe out this generation unless somebody gets control of the spending and gets in sync with what the Fed's trying to do? | ||
David Sokol. | ||
unidentified
|
Well, Steve, I think the answer is we've got the only way we protect the American dream is to get people focused on this upcoming election. | |
A lot of times people say this is the election of a lifetime, but this one I believe actually is. | ||
And the reason is our founding fathers, and we tried to point this out, Adam and I, in the book, that our founding fathers built this country on consensus, forcing people to the middle. | ||
Everything about our Constitution does that. | ||
You know, a 75% approval requirement of the states for any amendment to the Constitution, two thirds for an impeachment in the Senate, a filibuster at 60 votes. | ||
We, this election, if the Democrats manage to add one Senate seat, particularly one, say, this fellow in Pennsylvania, who is actually advocating and campaigning on the fact that he would destroy the filibuster, that will take away the fundamental check and balance in our system, which is the Supreme Court. | ||
And so I think the only way we can protect this country of ours, this phenomenal entity called America that our founding fathers put in place, The only way we can protect it is in this election. | ||
We've got to take the House back and we've got to get control of the Senate. | ||
If someone like Betterman and his ilk or Warnock continues in the Senate, etc. | ||
We will lose control of this country. | ||
Peter Navarro, is Sokol Wright, is this why you're so focused on these House seats? | ||
Is MAGA going to need a political solution to an economic and financial crisis because of this madness in fiscal policy coupled with the easy money policies that they're now trying to be a reaction to it? | ||
Is David Sokol Wright, do you see that this has to be a MAGA political solution to stop the madness, sir? | ||
Of course he's right. | ||
The book I wrote, Steve, Taking Back Trump's America, take it literally, dude. | ||
It's like, it's a mission for us in the war room, David Sokol. | ||
And I'm telling you, it's like, Donald Trump understood how economies prosper, how real wages go up. | ||
We're black, brown, and blue-collar manufacturing workers. | ||
He understood what peace is like abroad, what a secure southern border is. | ||
We don't have any of that out. | ||
The apocalypse is descending on us in Biden's America, and there doesn't appear to be anybody who understands economic policy. | ||
I mean, Larry Summers is jockeying for Janet Yellen's position. | ||
Publicly, he doesn't know what the hell he's talking about. | ||
You know what Larry Summers' world looks like, Steve? | ||
It's like, raise interest rates and make poor people have their wages go down to control wage inflation. | ||
That's Larry Summers' solution. | ||
And by the way, price controls wouldn't be behind. | ||
We've got to take back that house, Steve. | ||
We've got to take back Trump's America. | ||
You just heard Navarro right now. | ||
Hang on, another Navarro call. | ||
Price controls are on their way. | ||
Real quickly, Peter, how big a deal is it that the Atlanta Fed has already signaled we're going to have negative growth even before today for the third quarter? | ||
Sir, give me a minute on that. | ||
They're watching the war room, Steve. | ||
They're watching Cortez and me and you explaining how, yeah, we're already in a recession. | ||
This whole idea that the unemployment rate is low, like whoopee. | ||
Yeah, it's because a lot of people left the workforce, right? | ||
They left the workforce. | ||
And so, look, it's just going to get worse because, you know, it's the idea of, like, if you're in a hole, stop digging, right? | ||
They keep digging, and you're right. | ||
The next thing on Capitol Hill is they're going to try to lift the debt limits and keep spending this money. | ||
unidentified
|
It's insane. | |
We got all those fights to come. | ||
It's insane. | ||
We're going to have Russ vote on tomorrow. | ||
Buy the dip, though, Steve. | ||
Buy the dip! | ||
Hold it! | ||
Put me on saying I said buy the dip on Bannon and just know that my tongue was stuck way deep in my cheek because we get it right and CNBC gets it wrong every day and they're taking your money. | ||
Buy the dip on the bonds. | ||
Real quickly, Peter, how'd they get to taking back Trump's America? | ||
You're all over doing book signings. | ||
Where do they go to find out where you're going to be and get the book, sir? | ||
Warren, I need your help here. | ||
Buy this book. | ||
Go to PeterNavarro.com. | ||
It's the gateway to Amazon. | ||
It's a mission. | ||
This book is the blueprint to take back Trump's America responsibility. | ||
PeterNavarro.com. | ||
And by the way, I'm the Getter guy. | ||
Getter is the Twitter killer if you want to communicate with one another without being cancelled. | ||
Get on Getter, I'm real P. Navarro there, and you learn about taking back Trump's America book every day about that. | ||
So Steve, Admiral, you keep doing what you're doing, but boy, you know, it's like this goes from bad to worse. | ||
The only thing I take heart in is like people who know how to short markets like me, you know, it's like I'm protected. | ||
Most of America, pension funds, they're not. | ||
That's unfortunate. | ||
And that's Joe Biden and Nancy Pelosi doing it. | ||
By the way, Steve, don't forget that son of a bitch is on Congress. | ||
We're insider trading, making money on the stock market. | ||
Well, the people of America and their pension funds were going down the tubes. | ||
One last thing, Steve. | ||
Zack Nunn, Iowa 3. | ||
We've got an axe, Cindy Axne, the Democrat. | ||
I'm going to have candidates for you, Steve. | ||
A long list. | ||
We're going to go over in the battleground. | ||
We're going to go to the battleground. | ||
We've got a bunch of shows to do on that to go through East District. | ||
Thank you very much. | ||
David Sokol, very quickly. | ||
How do people get to your book? | ||
How do they get to America in perspective, sir? | ||
unidentified
|
Well, it's on Amazon. | |
You can go through FreedomWorks.com or just on Amazon, American Perspective. | ||
And I appreciate what you and what Peter are doing. | ||
You know, we've got it. | ||
We've got to get the country back. | ||
We're going to have you back on to go. | ||
The book is amazing. | ||
We're going to have you back on because you're talking about saving the country now for the next generation. | ||
David Sokol, Dr. Peter Navarro. | ||
Another bleak day in the capital markets brought to you by the Biden regime. | ||
Short commercial break. | ||
We're going to come back. | ||
Tom Fitt and Mike Davis next. | ||
unidentified
|
Some breaking news just in that we need to get to right now. | |
New York Attorney General Letitia James has filed a civil lawsuit against former President Donald Trump, his children, and his family business. | ||
unidentified
|
Let's listen in. | |
She's speaking now. | ||
Mr. Trump and the Trump Organization repeatedly and persistently manipulated the value of assets to induce banks To lend money to the Trump Organization on more favorable terms than would otherwise have been available to the company. | ||
To pay lower taxes. | ||
To satisfy continuing loan agreements and to induce insurance companies to provide insurance coverage for higher limits and at lower premiums. | ||
This conduct was all in violation of Executive Law Section 6312. | ||
Which gives the Attorney General broad and special powers to go after persistent and repeated fraud and illegality. | ||
Okay. | ||
unidentified
|
As part of demonstrating illegality under that section of law. | |
Not that I couldn't listen to Tish James all day, right? | ||
But I want to go to Mike Davis, Alex Jones is going to join us, Benny Johnson, Tom Fitton, kind of murderer's row today. | ||
27 Yankees all the way. | ||
Mike Davis, you put some pretty hot tweets up on Twitter. | ||
Explain to me, Tish James, I'm sure this is totally unrelated. | ||
They just put a poll up two days ago that showed she was losing to her underfinanced, no name recognition Republican competitor for attorney general with five weeks to go. | ||
That this was totally unrelated about her coming after President Trump. | ||
Put it in perspective. | ||
What is she doing, sir? | ||
This is just complete, frivolous, partisan nonsense out of Tish James. | ||
She's a joke. | ||
She's a clown. | ||
She's dumb. | ||
She's angry. | ||
She's loud. | ||
And she's trying to get Trump. | ||
She filed a 220-page civil fraud lawsuit against Trump and his kids and his organizations. | ||
What she seems to fail to miss is with fraud, In New York, you have to show that someone detrimentally relied upon those false representations and they were injured by it. | ||
And even the New York Times, not exactly Trump fans, they essentially called out Tish James' lawsuit as political nonsense. | ||
Let me just read it to you. | ||
"'Yet her case against him could be difficult to prove. | ||
"'Property valuations are often subjective "'and the financial statements include a disclaimer "'stating that they have not been audited. | ||
"'And if there were a trial, his attorneys "'would most likely emphasize that Deutsche Bank "'and Mr. Trump's other lenders were hardly victims.'" All of his loans are either current or were paid off some early. | ||
And the New York Times also points out he doesn't use email famously, so you're not going to find smoking gun email of his in tats. | ||
I mean, it's just This is such political nonsense, what they're doing. | ||
This is part of the pattern of the Democrats of going after Trump. | ||
The New York Times continued that they point out again that Trump's lawyers will likely point out the disclaimer in his financial statements saying that Mesars had not audited the valuations. | ||
Go ahead, sir. | ||
Continue on. | ||
No, no, continue on. | ||
So powerful. | ||
Because this is the New York Times. | ||
It's not Gateway Pundit saying this. | ||
This is the New York Times. | ||
Continue on, Mike. | ||
Here's the final one. | ||
They also would likely argue that the Trump organization submitted the statements to sophisticated financial institutions that conducted their own due diligence and profited in their dealings with Trump, Mr. Trump. | ||
And then they have a statement out by the company statement, the Trump company statement, quote, while the job of the attorney general is to protect the interest of the public, today's filing for the first time in the history of the attorney general's office seeks to protect the interest of large, sophisticated Wall Street banks. | ||
This is a farce. | ||
We'll get more to it later. | ||
I just want to break the news and have you do the analysis. | ||
Also, real quickly before I lose you, there's all kind of controversy now about the special master. | ||
Have the, the Trump lawyers have been kind of magnificent because essentially they're following your strategy. | ||
Have they overplayed their hand here? | ||
Is this special master making some moves here that the mainstream media who are jumping all on this bandwagon may be correct? | ||
What's going on with the special master? | ||
So I don't know what's going on here. | ||
I will say this. | ||
I think that there is a fundamental misunderstanding about classified records. | ||
It's a red herring. | ||
Under the Presidential Records Act, Records received by the president and his staff are presidential records, and that includes classified records from the CIA, from the DIA, any intel agency. | ||
Those are presidential records. | ||
And under the Presidential Records Act, former presidents have unfettered access to their records. | ||
And so when Judge Cannon said for the special master to sort, through these records. | ||
It's because this biased magistrate judge Bruce Reinhardt ordered a home raid, unprecedented, unnecessary and unlawful home raid, and they got 11,000 records from Trump. | ||
And so the whole point of the special master, I think it was Canada's very gentle way of getting Reinhardt the hell off this case because he's biased as evidenced by his recusal eight weeks ago in Trump's civil lawsuit on Russia inclusion. | ||
But the special master job is simply to take these 11,000 documents and put them in four different buckets, whether they're personal records that are not privileged, personal records that are that are privileged, presidential records that are not that are not privileged, presidential records that are privileged. | ||
It doesn't matter if they're classified. | ||
His only job is to figure out if they're marked classified, review them first so the government stops whining about their fake concerns about a criminal investigation or an intel assessment. | ||
I think this special master just needs to get clarification from Judge Cannon on what he's supposed to be doing. | ||
Mike, real quick, what's your social media? | ||
People gotta follow you, if nothing more than the Letitia James stuff tonight. | ||
We're gonna have you back on tomorrow to break that down. | ||
It's a total farce. | ||
How'd they get to you, sir? | ||
Yeah, it's article3project.org, articlenumber3project.org, and it's at article3project, at articlenumber3project on Getter, Twitter, and Truth, and my personal is at MRDDMIA, at MRDDMIA. | ||
Thank you, Steve. | ||
Thank you, and thank you for bringing up the New York Times about the Tish James fiasco. | ||
By the way, MSNBC's all clutching their pearls because of Tom Fitton. | ||
Let's play the cold open on Tom Fitton. | ||
I'll bring Tom Fitton in. | ||
Because he was ignoring his highly qualified White House lawyers Pat Philbin, Pat Cipollone, and Eric Hirschman. | ||
unidentified
|
Instead, he was reportedly taking the advice of this guy. | |
We want to know about the deep state effort to overthrow the president of the United States. | ||
You know, in many ways it's remarkable. | ||
The president is a crime victim. | ||
He was targeted illegally by the Obama administration. | ||
If he doesn't want to fire Mueller directly, maybe just pardon everyone. | ||
Everyone caught up in it, either directly or indirectly, who's the subject, the target, you name it, just pardon it all. | ||
I think the raid was a fraud, an abuse, and a sham. | ||
There was no good faith basis to target Trump here with this outrageous raid. | ||
And all those records he has are his records. | ||
And they should stop pretending that just because they think they're presidential records and they think it's classified, you know, that's the final answer. | ||
And it ain't. | ||
So that's a guy named Tom Fitton. | ||
unidentified
|
He's like a second, third-tier conservative activist, head of the right-wing group Judicial Watch. | |
They've been around for forever. | ||
Somewhat ludicrous figure, honestly. | ||
unidentified
|
I'd put him in the, like, Jimmy Thomas category of the American right. | |
Whoa, Chris Hayes, you could not be more incorrect. | ||
Tom Fitton, Judicial Watch, is a hammer. | ||
Tom Fitton, why all of a sudden, they're getting snarky and nasty about you, brother Fitton. | ||
Second or third tier, I think, I call Tom Fitton main battery. | ||
Brother, why are they melting down, and particularly in case you're not a lawyer? | ||
Walk me through this, brother. | ||
I don't know. | ||
Well, I do know. | ||
Look, there have been reports in the New York Times, CNN a few weeks ago. | ||
The left is agitated because they believe, and I'm not going to say whether I am or not because it's no one's business, that supposedly I've been advising Trump on some of these issues. | ||
But you can see from the material that they put out there, which I'm glad they repeat it because Americans need to hear it, especially in MSNBC, that despite what I've said, Trump has done other things. | ||
He didn't fire Mueller. | ||
He didn't pardon everyone caught up. | ||
He pardoned some of those caught up in Mueller's investigations. | ||
And in the case of the documents, you know, it erupted after he turned over the documents, reportedly at the advice of lawyers around him or others. | ||
And my point was, and to follow on what Mike Davis has been talking about, because we were on the wrong end of a court decision. | ||
that found that the archives and the Justice Department had no business as second-guessing a president's decision-making on records. | ||
And in fact, the presumption was that if he had the records after he left the Oval Office, they were personal records, and they weren't anyone else other than the president's. | ||
So I started blowing the whistle on that. | ||
You know, it's one thing to say to Judicial Watch, yeah, you know, you can't have these, And the court says there's no way anyone can go in and get them? | ||
And then for the Justice Department to then go tell a court ten years later the exact opposite? | ||
That's government corruption. | ||
And if I were the President, if I were President Trump and he said, still take this position, I think they should still be more aggressive here, they should say, these are all my records and I want them back. | ||
That's what the position of the Justice Department has been. | ||
Why has it changed here? | ||
You mean follow 41, go to 41G? | ||
Is that what you're talking about? | ||
Well, I don't even know if they need to do that because the judge in this case seems to have suggested that this is kind of a 41G action, but do what you need to do and at least run the argument that these records, and he doesn't need to say they're classified or unclassified, he needs to | ||
All his lawyers need to say is this is the Justice Department's prior position here, and they should explain to the court why they've changed their mind and why they've now ignoring the idea that when Bill Clinton had tapes of him talking to foreign leaders, they didn't consider that to be classified, even though they were in his personal possession, all related to government activity. | ||
This is just the Justice Department. | ||
I just want to come back in a second. | ||
We got Alex Jones, another throwdown up in Connecticut. | ||
We got Benny Thompson attacked out in Iowa. | ||
out there and that's why I'm getting attacked by the MSNBC and CNN. | ||
I just want to come back in a second. We got Alex Jones, another throwdown up in Connecticut. We got Benny Thompson attacked out in Iowa. | ||
unidentified
|
All of it next in the War Room. | |
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. | ||
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Want to go back to Tom Fenton. | ||
Tom, we're kind of pressed for time. | ||
I just got a simple question. | ||
I've known you for over a decade and you are, and I say this, my dad who died, as you know, over a hundred years old, the one thing he would contribute to all the time is Tom Fenton. | ||
He says, this guy delivers every day. | ||
Fenton, MSNBC's on you now because they're afraid. | ||
Have you been wrong about anything you've said publicly? | ||
Cause I track you very closely on kind of advice or recommendations just publicly over the last couple of years. | ||
And are you dead right on this one too? | ||
I mean, obviously, I believe I'm right. | ||
You know, our analysis is almost always spot on. | ||
And on records issues, Judicial Watch has almost 30 years experience litigating federal records issues. | ||
There are few groups more expert than us. | ||
And we've won a lot and more importantly, lost a lot. | ||
So we know what we're talking about. | ||
We know what we're up against. | ||
And this Justice Department is playing games with the court and they need to be called on it directly. | ||
And what's wonderful about the court process thus far, you see Judge Cannon doesn't believe a word the Justice Department says, and Judge Deary, thankfully. | ||
I'm hesitant about the way that's been run, but in the least, he's asking Donald Trump for direction here. | ||
So I think if they push this argument, they're going to be successful. | ||
And you know why they're going to be successful? | ||
unidentified
|
Because of the Justice Department's argument up until President Trump. | |
Tom, how do people get to Judicial Watch and how do they follow you on social media, brother? | ||
At judicialwatch.org, judicialwatch.org. | ||
And of course, we're online at Twitter and Facebook.com. | ||
Get her. | ||
Come on. | ||
Everywhere. | ||
unidentified
|
Get through social. | |
People have got to go to Judicial Watch. | ||
Go to Judicial Watch, check it all out. | ||
Go to Judicial Watch. | ||
You got to see the great work they're doing. | ||
Fenton is main battery, as I call it. | ||
Chris Hayes is in the second or third tier. | ||
Not a chance. | ||
By the way, in the entire history, we're coming up on the third year of The War Room. | ||
In the entire history of the show, I don't think we've had a power half hour like we got now. | ||
I got Tom Fenton in Judicial Watch, Alex Jones is on deck, and then I got Benny Johnson. | ||
Tom, thank you so much for joining us, brother. | ||
Glad to see you. | ||
You're living rent-free in Chris Hayes' head. | ||
unidentified
|
Yeah. | |
So Alex Jones, Alex, Tish James went after Trump today on a quarter of a billion dollars to put him in bankruptcy. | ||
You know how that feels. | ||
Walk me through, first off, your perspective of the lawfare that the Justice Department, the FBI, Tish James, all of it is coming after the MAGA leadership, sir, including yourself. | ||
Well, there's no better club to be in. | ||
Similar to John Hancock signing his name so big on the Obama Declaration of Independence. | ||
Whoever signed that, they knew it was going to be targeted by King George III. | ||
And so I don't like being attacked. | ||
It's not enjoyable, but I know that the more I'm under attack, the more effective I am. | ||
So I'm a little bit jealous of you being under such attack, but I'm glad you are literally ahead of me, even on the tip of the spear. | ||
But whether it is President Trump, whether it's Mike Lindell, Uh, whether it is Steve Bannon, whether it is Alex Jones, whether it is Trump lawyers that actually do their job and tell the truth, we're all under massive attack. | ||
And Leticia James came after me two years ago, uh, and she put the feds on me. | ||
And that was a whole thing that never went really went public because it got dealt with. | ||
Uh, but I know they're doing other things that I have not liberty to get into right now. | ||
I told you probably about it a few weeks ago when we were during a break. | ||
Uh, but they are literally just going down the line of anybody that's pro-America, anybody that's just, Loyal to the country, and quite frankly, I'll say it, I'm loyal to my grandparents. | ||
They were just badass patriots and World War II veterans, and my other family, the military, and I just won't let them flush this country down the toilet, so I'm not doing something heroic. | ||
I know you feel the same. | ||
We're doing our duty, and so so many Americans, not your audience that's totally awake, but a lot of Americans say, where are the patriots? | ||
Why don't people fight back? | ||
Why don't they stand up? | ||
Well, it's because In this dark time for America, they come after you. | ||
But we see the global awakening. | ||
We see nationalists and populists getting elected in Sweden and becoming the leader of the Conservative Party. | ||
He's got the votes right now to defeat Trudeau in Canada. | ||
We see Brazil. | ||
We see so many other cases. | ||
Italy are now moving to elect a right-wing anti-globalist. | ||
And so when we expose the globalists as the multinational new communist threat, but a corporate Fascist threat using communism for control and their SCGs and their systems, the Clinton Global Initiative, the World Economic Forum. | ||
We're over the target. | ||
So I signed on for this. | ||
I don't enjoy it at a fleshly level. | ||
It's not fun to be attacked and demonized and lied about and be up against bullies. | ||
But at the end of the day, spiritually, I'm very strong because I see the victory we're having. | ||
Just like you said on my show a few weeks ago, you've never been more alive. | ||
You've never felt more satisfied. | ||
And it's not some sadomasochistic urge. | ||
It's that we're trying to be like our ancestors, because they measured up, we've got to measure up. | ||
And as an example of us being persecuted, just like the Alamo, you know, Santa Ana in Texas in 1836, thought if he slaughtered a bunch of people, outnumbering them 20 to 1, it would scare Texas. | ||
Well, it had the opposite effect. | ||
It's like Hitler stopped bombing military targets when Britain wouldn't roll over during the Blitz and started attacking civilian targets. | ||
And so we've got to go through this. | ||
It's not fun, but victory is literally in sight right now. | ||
And that's why they're so desperate. | ||
As you said, when they were perp walking you ridiculously, as you probably walked through, you said, I've only begun to fight, quoting John Paul Jones, the founder of the US Navy. | ||
And you said, this is the dying scream of this corrupt globalist system. | ||
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It is. | |
My concern is, I don't like Putin, don't like what Russia's doing. | ||
But at the same time, Biden's been using back when he was vice president, as you know, Ukraine is a money laundering haven. | ||
We know Ukraine's got blackmail on him. | ||
$70 billion now. | ||
Putin's getting his butt kicked. | ||
So he's committed $300,000 more troops and threatening nuclear war. | ||
So empires, when they're losing, start wars. | ||
And then empires tend to die attacking Russia, whether it was the Nazis, whether it was Napoleon. | ||
So this is a very critical time, a very, very dangerous time right now. | ||
I'm just honored to be amongst folks like yourself here, and very blessed to be talking to your audience. | ||
I've got to say, my audience is giant. | ||
They're amazing. | ||
They're incredible. | ||
But I've got to give the credit to your audience for 80% of the success of The Great Reset and War for the World that's been off and on the last three weeks. | ||
The number one book in the world. | ||
It's at number six today. | ||
Every time we come on your show, it goes right to number one. | ||
So you've got the most amazing audience, Steve. | ||
This is the tip of the spear. | ||
Look, the book has resonated. | ||
Remember, it's The Great Reset and War for the World. | ||
You can get it at Amazon. | ||
And for the conference we had with Charlie Kirk, the great Charlie Kirk, this weekend, the book, of course, you made an appearance, Alex. | ||
The book was just incredible and people love it. | ||
I just want to go to something everybody's been asking me. | ||
Given we're in the run-up or five or six weeks, I think 48 days from the most important midterm election since 1862, are they trying to pile on Alex Jones now so that you've got too much? | ||
I mean, you're doing the show. | ||
You're totally focused. | ||
You're over the target. | ||
But are they, I mean, the timing of these things just looks bizarre. | ||
Was this just happenstance that this would happen to you in the run-up of 48 days to go, that you're in another one of these situations in the court, sir? | ||
It was all totally coordinated. | ||
If you look at the spectrum of 28 years on air, Sandy Hook was less than one-tenth of one percent. | ||
But they've entered in evidence in Texas and Connecticut's 24 minutes. | ||
Of me, when the internet was questioning it, I questioned it a few times. | ||
They made me this Andy Hook guy. | ||
Once Hillary was running against Trump, she ran against Trump with ads, with edited videos of me acting like I was Trump's brain. | ||
Well, we all know Trump's his own brain. | ||
If anybody was his brain, it was you and Stephen Miller. | ||
And so I'd love to be his brain, but I wasn't. | ||
So they made me, you know, this demon that Trump supported. | ||
And then once he got elected, they went even crazier. | ||
And so for four years, they kept us in discovery and the judges strung it out and demanded record level discovery. | ||
And then they coordinated down to the days about six months ago, about eight months ago and said, okay, we're going to have this, uh, we're going to have this August trial in Texas, and we're going to have this September trial in Connecticut. | ||
And then we're going to have this November trial in Texas. | ||
Again, the same law firms, same groups that are running the lawsuits against all the gun manufacturers, big democratic party law firm with a Senator Blumenthal basically heading it up. | ||
And it's all completely coordinated, the same tactics, same lies. | ||
Same BS. | ||
And so they took Adam Lanza who killed the kids in Sandy Hook and just moved it to Alex Jones and the Republicans and then just totally misrepresent. | ||
People say your lawyers are terrible. | ||
No, they're ordered in pre-trial conferences and morning meetings. | ||
You can't bring up Hillary Clinton. | ||
You can't say your client's innocent or we'll sanction you. | ||
And they have sanction hearings for my lawyers going on in Texas and Connecticut. | ||
And so it's all extremely coordinated and crazy. | ||
And that's just where we are. | ||
And so I'm here in Connecticut right now. | ||
They have people, HBO, following us around. | ||
They've got just people threatening us. | ||
It's totally insane. | ||
And they're doing it to try to pull me off the midterms. | ||
And they said in their opening statements here last week in Connecticut, and a month or five weeks ago in the opening statements in Texas, they said our mission is to take him out, silence him, and never let him rebuild his platform again, never let him Rebuild his platform again. | ||
And most importantly, they said and stop other people like him next. | ||
He is the template. | ||
And they mentioned Tucker Carlson in the interviews on MSNBC and CNN. | ||
They mentioned Steve Bannon, Donald Trump, anybody that goes against their fraudulent narrative, whether it's two men can have a baby or two women can have a baby or open borders is good or any of this. | ||
Now they're talking about criminal charges against the Santas of Florida and of course, the governor of Texas as well. | ||
We're simply taking people who are already here illegally and shipping them to Martha's Vineyard and the Naval Observatory in D.C. | ||
So this is full weaponization. | ||
When Trump says weaponization, when you say weaponization, folks, this is weaponization. | ||
It's OK. | ||
Steve Bannon will never give up fighting. | ||
I'll never give up fighting. | ||
But I got to tell you, folks, it's lies the media has hundreds of millions of dollars. | ||
And we are we are out of gas. | ||
The audience is bigger than ever. | ||
This might be platforming, but we need support at InfoWars.com. | ||
Steve Bannon at the War Room needs support. | ||
You want champions. | ||
You want fighters. | ||
Folks, we're born for this. | ||
We love America. | ||
We love you. | ||
We're just asking, aid us in this fight. | ||
We're on the front lines, but those of you that support us with word of mouth, with prayer and financial support, you are just as critical as Tom Fitton or Steve Bannon. | ||
Without you folks, we'll never give up. | ||
We'll never give in, but we could give out. | ||
And I am very close to the breaking point. | ||
I'll just be honest with that because we're so close. | ||
Once again, Alex, where do people go for support? | ||
And everybody's got to go to the Amazon to get the great reset in the war for the world. | ||
And we're going to get you back on here. | ||
You got time to talk about that in the president's executive order. | ||
But where do people go right now for support, Alex? | ||
Well, they can just go to Infowarsstore.com. | ||
We've got great T-shirts, books, films, T-shirts, all that. | ||
And the biggest thing I care about is just spreading the word. | ||
The propaganda, as the Internet sings, says the propaganda would not be necessary if the situation was hopeless. | ||
Things aren't hopeless. | ||
In fact, the globalists are a dying organization. | ||
Everywhere people are turning against them. | ||
As you said, Letitia James is behind in polls in a state that goes totally Democrat. | ||
All they can hope for is election fraud and outlawing their opposition. | ||
I said it a year ago. | ||
You said it a year ago. | ||
But Biden's officially trying to outlaw his political opposition. | ||
This is real tyranny. | ||
And tyranny is the norm around the world. | ||
America and a few other free countries were very special experiments. | ||
That's why everybody wanted to come here. | ||
But they can't have a global world government if there's a few free countries left that people aspire to. | ||
So that's why America is the battleground for the future. | ||
It's the battleground for victory. | ||
It's the battleground for defeat. | ||
And it's going to be the viewers and listeners of the literal tip of the spear in the war room that are going to decide right now whether we stand and win or whether we fall. | ||
We're very close to winning, folks, but I can tell you, you see what they're doing to all of us. | ||
We need your word of mouth, your prayer, your support right now. | ||
Alex Jones, go with God. | ||
We look forward to having you back on here. | ||
You're a patriot, sir, and you are a hero. | ||
AlexJones at Infowars.com and also The Great Reset and The War for the World. | ||
Go to Amazon right now. | ||
Alex, thank you very much for taking time away to join us. | ||
Okay. | ||
A vicious assault last night at the University of Iowa with one of the rising stars, one of the most important people in this rising generation of warriors, fighters, and patriots. | ||
Benny Johnson joins us next in The War Room. | ||
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Oh my god, I love it! | |
When there's no more, let's take down the T.C.D. | ||
Oh my God, I love it! | ||
Woo! | ||
El Disco Cantina, lo más mexicano del mundo. | ||
Hey! | ||
Hey! | ||
Break his ass, f***! | ||
F*** you! | ||
Swear to f***ing God! | ||
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F***! | |
Okay, welcome back. | ||
I want to go to Benny Johnson now, one of the strongest voices in this rising generation of reporters and commentators. | ||
Benny, that was University of Iowa on a couch. | ||
What happened last night? | ||
That was extremely dangerous and it looked to me like there was not a lot of security there. | ||
So walk our audience through what happened last night and what's the update from today? | ||
Yeah, isn't it incredible that you need security to just walk in public these days? | ||
I know that you have some great security. | ||
Maybe I should Call your guys, Steve. | ||
We are doing a tour right now. | ||
We're on the War Room. | ||
We're doing a tour called the Meme Wars across the country right now. | ||
So much of the battle is mematic for the soul of the internet and for the information that young kids are able to access. | ||
They love getting their information from memes. | ||
Memes are funny. | ||
The entire internet is built on memes. | ||
And so the Meme Wars is us going to college campuses around the nation. | ||
We're in Nashville right now. | ||
We're gonna do a speech here in Nashville and then in Knoxville tomorrow. | ||
Talking about the power of memes and how much we love memes, how important memes are for conservatives, in order for conservatives to capture a new generation and to speak to young kids. | ||
We were doing that presentation, and in the middle of the presentation, somebody was so offended by the meme that they got up, screamed that we were racists, and then kicked over the projector, smashing the projector so that we couldn't continue. | ||
Our presentation now. | ||
What's interesting about this clip is that the meme that we were playing is Kamala Harris welcoming a bus of criminal migrants to her lawn as tasteful mariachi music plays in the background. | ||
So he wasn't upset that Kamala Harris won't welcome criminal migrants into the Naval Observatory. | ||
He wasn't upset that Barack Obama won't open his 30 acre mansion compound in Martha's Vineyard. | ||
He wasn't upset that Joe Biden regularly uses racial terms and slurs and says that you can't be black if you don't vote for him. | ||
He was upset that we were making fun of those people who presumably he supports. | ||
And so then he smashed the projector. | ||
It was an act of violence. | ||
He was thankfully arrested. | ||
And to our knowledge, this is the first meme hate crime arrest in American history. | ||
Look, Benny, here's the thing. | ||
I mean, you're about as straight as they get as far as family and your show. | ||
I've been had the honor of being on your podcast. | ||
Very straightforward. | ||
The meme is really satire and parody. | ||
You guys are the farthest thing from people, you know, banging on shields or anything. | ||
This is what I don't get. | ||
What triggers somebody? | ||
Because I got to tell you, if he had just pointed, you know, two degrees over, it had been right at you. | ||
What triggers a guy, when you're sitting there about parody and making fun of people, but in a way that's not aggressive, not threatening, nothing with violence? | ||
This is what I don't understand. | ||
Why Benny Johnson and why the college kids are sitting there looking like they were enjoying it and learning something? | ||
So I like to relate it to a party. | ||
People like to go to a party where people are having fun, where people are laughing, where people are gathering. | ||
And memes is a place where people can go do that online. | ||
It's a way to attract young people and energy into the movement. | ||
We have memes on our shirt. | ||
I'm wearing a Clarence Thomas meme right now. | ||
So it's a lifestyle and it's something that's very important. | ||
An enormous number of kids, young kids, get their Knowledge of the world and information through memes. | ||
And the reason that the left hates them so much and wants to ban memes and then freaks out and wants to attack people who are sharing memes is because they're Marxists. | ||
And Steve, you know, as we discussed on my podcast, this is a spiritual battle. | ||
And it's a spiritual battle between darkness and light. | ||
And these people are so dark in their souls and they don't have humor. | ||
They have lost the capacity to laugh. | ||
They've lost the capacity Uh, to be, uh, have any enjoyment of life. | ||
Uh, they, they have darkness in their souls. | ||
And so when they are presented with us, ridiculing them and ridicule is I think possibly the most powerful political tool there is when we are, when they're presented with the ridicule of their heroes, they don't know how to process it. | ||
They, they, they snap and this person snapped. | ||
It was violent. | ||
We're going to have now protection for the rest of the tour. | ||
Very sad. | ||
That has to be the case. | ||
Uh, but They snap because they're lost souls, and because their souls are darkened, and they can't handle the fact that we're laughing at them. | ||
And that's ultimately the point. | ||
We're laughing at them. | ||
We're making fun of them. | ||
We don't take them seriously, and we don't take their threats seriously, and we think they're sad, little, low-testosterone soy boys, all, you know, all hopped up on Keith Oberman tweets, and they're pathetic losers. | ||
And so, I watched this man's last little drop of testosterone evaporate as he spun into a uh, uh, uh, uh, uh, uh, induced rage, uh, like a manchild. | ||
I want people to know about supporting this tour. | ||
And I don't know if for security reasons you might not give it up, but where do people, tonight's Nashville, can you get some details of everybody's, our, our, our huge posse in, in Nashville can turn up? | ||
Or you already have to have tickets? | ||
I want people to find out more about this tour, because there are only as many people to go as possible, because it's, this thing about memes is amazing and, and, and quite enlightening to people. | ||
So it's the Meemors tour. | ||
We're going to be in Nashville tonight. | ||
We're going to be in Knoxville tomorrow. | ||
We're going to be in Naples, Florida, and then in University of Central Florida. | ||
And then we're going to go to California, which we're really looking forward to. | ||
We're going to go to Yorba Linda. | ||
We're going to go to UC Santa Barbara. | ||
And that happens next week. | ||
You can find all that information at BennyJohnson.com backslash tour. | ||
You can also follow along on our podcast every day where we give you the updates of how the tour is going and exactly what technology has been smashed by the left. | ||
And unfortunately, Steve, this is not anything that is even remotely rare. | ||
You have Republicans that are being hunted down and literally killed in North Dakota. | ||
We count ourselves lucky and we'll thank our angels essentially for surviving yesterday. | ||
That man could have had a knife or a gun or anything, so. | ||
Meme hate crime, he was arrested, and we thank the police. | ||
Do you have, but do you do have security now? | ||
People should know, and even the bad guys know you're going to have security at these events. | ||
We do have well-armed security. | ||
They're incredible. | ||
Benny Johnson, thank you very much. | ||
Be safe, sir. | ||
You're a very valuable asset in this great patriotic war, so thank you very much for joining us, and be safe. | ||
Thank you, Steve. | ||
Look at that, from Tish James to what's happening to Alex Jones to Benny Johnson. | ||
I'm telling you, they're violent. | ||
Got to be very careful. | ||
Okay, we're going to take a short commercial break. | ||
We've got back, we got Jim Hoft, we got Joanna Miller, Dr. Peter McCullough, and a couple of surprises as we continue into the next hour of the world. | ||
Be back in a moment. | ||
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Everything's just beginning For the games you want to play Bring it on and I will fight to the end Just watch and see It's all started Everything's begun And you are over Cause we're taking down the CCP Spread the word all through Hong Kong We will fight till they're all gone We rejoice when there's no more Let's take down the CCP |