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Sept. 23, 2022 - Bannon's War Room
48:47
Episode 2175: The Bottom Is Falling Out On The Markets
Participants
Main voices
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laurence fox
05:00
s
steve bannon
22:48
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john solomon
01:52
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rick santelli
01:59
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steve cortes
03:27
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Speaker Time Text
steve cortes
You're going to take your cue from the action.
unidentified
You're going to miss some pretty good opportunities.
Let's get to the opening bell here and the CNBC Realtime Exchange at the big board.
It is the Nelson Mandela Foundation.
Speaking of energy, it's going to be awfully hard to take your eye off crude oil today.
rick santelli
Below 79.50 now.
unidentified
It's going to be awfully hard to take your eye off crude oil today.
Below 79.50 now. A lot of that is going to be tied to global recession fear.
Look at these moves that are taking place.
You said you don't think modern monetary theory is going to come back for a long time to come.
At least I think that was you.
Maybe it was Mick.
These are some pretty difficult lessons that we're going to have to learn.
What would you equate it to?
Because you've been watching the bond markets for a very long time.
rick santelli
Yeah, it's not only modern monetary theory.
It was never a good idea.
It was a stupid idea, and we're seeing living proof of that.
You can't print forever and think you can get away with it.
Look at what the pound's doing.
But I think if there's a lesson to be learned here, It's the fact that central bankers in general, and governments in particular, have this unique relationship that we need to find a way to separate.
And it isn't necessarily a political relationship, it's an enabling relationship.
They are enablers.
By these low interest rates and hanging out at zero for so long, they allowed governments to do anything.
They allowed companies to remain that should have died.
They ruined the entire infrastructure of global finance.
And to think that it's going to come together easily, or if central banks have any plan.
There is no way to put this humpty-dumpty back together.
There needs to be lots of financial destruction first, and from that, the Arizona will rise.
The best fertilizer for the global economy right now is for all of these issues, whether it's foreign exchange, government debt, corporates, all of these financial instruments have to be pushed down to some level that represents true risk-to-value returns versus the
steve bannon
Alex, this is key, and I think this makes donors, particularly small donors, know that, hey, if I'm going to hit you with a $50 bill, it's going on offense.
Right now, you're saying 80% of the resources for Democrats are in defense, and 80% of the resources going to Republican candidates are on offense.
unidentified
Can you explain, take a minute and explain that?
Absolutely, Steve.
So if you look at where the ads are up between the two main Republican spending groups on the House side, the NRCC and Congressional Leadership Fund with House Republican Leadership, we are spending massively on offense.
Like I said, 80%.
We are digging really, really deep.
We can get to some of those seats, but It's so important for people to think about donating because here's some real weed stuff.
We were talking, Steve, that we all love the weeds here.
When you give that money directly to candidates, which is the best way to do it, candidates that you support, candidates that are in these target seats, they can run hybrid ads with the NRCC.
They can run coordinated ads.
That money is needed for us to match them and we could buy at a candidate rate, much cheaper.
We have figured out as a Republican Party how to do that.
It's so important that if you're able to give to our targeted Republican seats, Because we are able to match them and buy the TV commercials at a candidate rate, and we are now opening up on that front.
It's essentially like a third front, and it's really doing a number on these Democrats.
Not only are we hammering them into the ground, but we are getting our message out about what we're going to do and educating voters on who our candidates are at a record pace.
rick santelli
It was their energy policies across Europe that caused this.
You have the chicken and the egg all wrong here, Austin.
You know, you look at what the temperatures are across the globe, because they will correlate with the moves you're seeing in the markets.
As temperature drops, so will stocks, and so will the price of many sovereign securities.
Why?
Because the UK people can't afford to heat their place, and it's going to be very much similar in Europe.
And Mr. Mulvaney has it spot on.
Just read the headlines out of California and weep, because we are not learning our lesson!
steve bannon
Okay, welcome.
It is Friday, 23 September, the year of the Lord 2022.
I think we've got a Black Friday in global capital markets, as we've told you from the beginning.
Capital, economics, capital markets, and politics are inextricably linked.
And you're seeing the end of regime economics, the regime fantasy of modern, modern territory.
Remember, Rick Santelli in the spring, I think it was of 2009, right when President Obama had first started, had that tremendous Tea Party rant from the pits in Chicago.
That really was the, was the primal scream for the Tea Party.
And it resonated for years.
That clip, Right there, he talks about the infrastructure of global finance being set up at zero, and this symbiotic and disastrous relationship between central banks, their ability to print, and governments, basically the funding mechanism for the administrative state.
It's all coming crashing down because it was based on a fantasy, okay?
Part of it was to enrich the wealthy.
We'll talk about that later, but just incredible activity today because as Steve Kortes says, price is truth and they can't lie and they can't hide behind it anymore.
Liz Truss, Went basically to the Republican Standard Playbook, announced a huge tax cut, and trying to subsidize the individual citizen's electric bill, and the markets in London collapsed, okay?
And the reason is, how are you going to finance this stuff?
The days of fantasy are over.
The days of reality are here, and here's the great thing.
The war room, the war room posse is there.
We're the realist, right?
We're the realist from day one.
And this is going to be tough.
It's going to be hard and it ain't going to be quick.
This is going to be a long, tough slog because of the uniparty, the global capital markets, the CCP, the central banks, and particularly the Biden regime.
Remember, elections have consequences and stolen elections have catastrophic consequences.
Steve Cortez.
Give us a summary.
We've got Alex Degrassi.
We've got Richard Burris.
We're going to combine capital markets with an update on politics, because we are on the verge of a massive sweep that will rival the Tea Party sweep of 2010.
It's all before us.
And this audience, it's all on you.
If we execute on this, we've got this.
But we want to lay out the capital market situation first, Steve.
And Steve's going to be in and out with me, hopefully, for the next two hours as we go through all of this.
Steve Cortez.
steve cortes
So, Steve, the situation in capital markets right now, and that reflects what's going on on Main Street, is very dire.
Just today, to give some reference points here, the Dow Jones Industrial is down almost 500 points right now.
I'm checking some of these other markets, excuse me, down 400 points right now, below 30,000.
But the most important news of the day, and again, I think the most important news for everyone's life out there, more important even than stocks, stocks are important, but more important is the bond market.
And we saw just today, the 10-year yield, which we talk about very often on this show, which is the benchmark for interest rates globally, 10-year Treasury yield today hit 3.8%.
Now, Steve, to put that in context, okay, and there's a chart going back 10 years on the 10-year, on 10-year yield.
So we are at decade highs.
And to put that in context, Steve, on election day of 2020, when Joe Biden illegitimately prevailed, on election day, 10-year yield was 0.8%.
So we had an economy that was aggressively reopening at that point.
We had the Trump boom 2.0 coming out of the spring lockdowns of 2020, and we had it without significant inflation and with extremely low interest rates.
.8% then, 3.8% now.
And Steve, to your point, what the bond markets are showing us is that there is such a thing as economic gravity, that we cannot defy the laws of economics, the laws of finance indefinitely.
And what Joe Biden has done is collapsing the bond market.
And this is why, too, it's so important for folks to realize there is no place to hide.
You're getting dusted in stocks and you're getting creamed in bonds.
That is the reality right now, because as interest rates go up, bond prices go down.
So it is an absolute economic collapse.
It is created by Joe Biden.
It was induced by him and the Davos crowd.
And this is the reality that we have to deal with.
Now, let's talk about some of the upside of it, though, Steve.
steve bannon
Hang on, once I forget the upside, I just want to make sure to go back.
I just want to make sure the 10-year Treasury, why do we imprint the 10-year Treasury?
At the front of your mind, your entire life in the in the in the financial world and economic world that you deal with every day of your life, your lived experience is predicated on that.
Your credit cards are going to explode.
Your car loans are going to explode.
The rents are going to explode.
Everything's going to explode because it's all.
And I just want to go back under Trump in the run up to 2020.
was 0.8%.
It is now 3.8 or was hit 3.8% this morning.
One of the reasons that one of the reasons that everything's collapsing bond market stock, and it's happened over the last 24 hours, is the smart money started going to cash last night, right?
I had these massive flows out of everything.
There's no buyers.
People are not buying.
They're going to cash and saying, hey, guess what?
I'm just going to sit on the sidelines for a while.
So talk to us about talk to us about upside.
Then we'll talk about political upside, because this is regime ending.
We can end this regime.
We can crush the Democratic Party as a national political institution.
It is all right in front of us.
Steve Cortez.
steve cortes
That's right.
So listen, amidst this terrible news, and it's terrible, and it is dire.
And again, I don't want to in any way diminish the pain that is real and that is out there, right?
When one out of six American homes right now are delinquent on their power bills.
These are dark days and they are likely to get darker.
But having said that, The great news is, in just weeks, we have a chance to take political action on a massive scale.
And I firmly believe, don't believe any of this suppression polling and the suppression messaging and narrative that's coming out of the corporate media.
Not only are we going to win all of these close races, Steve, We are going to romp, and we're going to win races, and we're going to win places that we didn't think were winnable, right?
So that is the upside.
And there we start the rebirth, the American economic renaissance, because we do have the solutions, the populist nationalist solutions to fix this mess.
We didn't make this mess, but we're gonna fix it.
steve bannon
Yes.
But before we get to the solutions, First, we must make sure it is destroyed.
We have an absolute, and I want to say this again, and we got a school board of parent on later, from school boards to state legislatures.
And they're so important, particularly as you see, they're trying to run around in Congress and take away their power in the election process.
We get flip Minnesota state legislatures to your own County commission, obviously your election boards, all of it.
We have the opportunity in the house and the Senate to run the tables.
And I mean, get majorities that are cycle proof.
And if you look at 2024 in the Senate, we literally have a way if we do our jobs now, that means everybody getting out and volunteering to be a poll worker or election judge to get into those counting rooms so they can't steal it.
Do what we did in Virginia with 95% participation.
If we do that with the cycle coming up in 24, which would be filibuster proof, It is game set match.
We can destroy the Democratic Party as a national political institution with their favorite word.
Wait for it.
Democracy.
The democracy suppositories right there.
I want to go to Alex.
Alex, we got a couple of minutes on this side.
Walk through.
I just want to before we get to the charts and talk about where we stand right now.
The thing about going, I wanted to start about going on offense because of where we're positioned today.
But I know you got some breaking news.
We're spreading the, as we're going to talk to you about the 30 or 40 that we're highly focused on, the NRCC and people as we speak are spreading the battlefield to Oregon, to Connecticut, to Rhode Island, Alex Degrassi.
And by the way, Alex is the executive director of Team Elise, works closely with the NRCC, really Elise Stefanik's political operation and one of the smartest young strategists out there.
Alex Degrassi, the floor is yours.
unidentified
Thank you, Steve.
What an honor again.
It's so important.
You can tell from what the Democrats are talking about.
If you go and look on YouTube, you look on their ads, abortion, all scams in terms of what the issue set that they're focusing on.
We're prosecuting Biden's created crises.
It's providing us a roadmap to go incredibly deep in terms of where we're playing.
That's right.
You said it.
80% of the money that the Republican Party is spending right now is on offense.
We just had four or five new ads roll out.
This morning, Oregon, Connecticut, Rhode Island, incredibly deep, all of it the same.
Their scams and the Biden agenda that they've put through Congress, that has exacerbated these crises in terms of what you're seeing in the economy, the border security, crime, national security, and things like that.
We feel so good, but it's going to be an execution game.
You know, 46 days out, ballots are going in the mail within days for military ballots.
Certain states are going out.
We need the posse to dig deep, get involved.
You can volunteer in person, virtual, all that.
You can go to NRCC.org, look at the map, see where we're playing.
And you'll see that this is going to really open up real fast.
Things are going to get really, really fast because we saved our money and resources for what we're calling the Great Counteroffensive after Labor Day, putting lead on target.
We're seeing Democrat incumbent approval ratings implode, 10 points across our battlegrounds, all while we're winning Hispanics, winning Independents, and the coalition is right in front of us.
We have to go out there and take it.
steve bannon
Okay, short commercial break.
When we come back, we're going to talk about what the Democrats did in August, right?
And the Republicans held their fire.
Guess what?
They didn't put us away.
We've got the right issue set, and it's all about delivering the right electorate.
Okay, short commercial break.
We've got Richard Burris, the great pollster.
We have Alex Degrassi, a strategist with a team of elites.
We've got Steve Cortez on capital markets, economics, and finance.
We're grinding here.
unidentified
Where?
steve bannon
In the War Room.
unidentified
War Room.
Pandemic.
With Stephen K. Bannon.
The epidemic is a demon and we cannot let this demon hide.
War Room.
Pandemic.
When there's no more, let's take down the CC!
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
Ok, MyPella.com, promo code WAROOM.
We got the towels, $19.98, normally $45.
Go check it out.
Go to what we call The Square.
They got all the sales there, everything.
Later in the show, we're going to have Professor Alan Dershowitz from Harvard and Mike Lindell.
Big story in the Wall Street Journal by Professor Dershowitz, why he's defending Mike Lindell.
So we're going to get all of that, a lot of activity on all those different fronts.
Steve Cortez is going to give us some more capital markets in a moment.
I want to go back to Alex.
Alex, let's go back and give a summary last night.
Here's the thing.
The issue set, as we've been talking about the last couple of days, the NBC poll, border security, GOP up 36 points, crime up 23 points, immigration up 19 points, economy up 19 points, cost of living, inflation up 14 points.
Unity, bringing the country together, plus six.
The Democrats are all defending democracy and abortion.
It's picking the right issue set early on.
This is what Elise Stefano, her quite brilliance at the Republican conference, focus on the right issue set and be relentless on that.
Issue set, coupled with the electorate you can deliver, equals big time victory.
That's what we got in strategy wise.
The Democrats took every shot they had with all the little bills they pass in particularly abortion in July and particularly August unloaded on Republican candidates through ever.
That's why these things kind of tightened.
But what the Republicans is held their fire and after labor day, letting off a basically storm of ads.
Uh, and quite frankly, outing the Democrats for the lies and misrepresentation about the bill, making them own the Biden regime's policies, making them own the Biden regime's policies.
Alex Degrassi, tell us, walk us through the logic, where we stand, show us some charts.
unidentified
Absolutely.
So if we want to look at, I think the first one we want to look at possibly is looking at the chart with the cost of living candidate as opposed to the abortion candidate.
It's a lot of noise in the media and the Democrats.
Voters are looking for the candidate that's frankly going to put a check on Joe Biden.
That's independents.
That's Hispanics.
That's even a significant amount of the Democrat electorate.
This notion that there's this abortion wave out there is completely false.
We talked about the numbers yesterday, Steve, that they are doing this because they need to prime the pump among young voters.
The least likely voter to go vote is a young voter.
The most likely voter to go vote is a voter that believes that and understands that the 2020 election was stolen.
Our people are fired up.
Their people are not.
All of this is a game to try to juice their own turnout.
But the numbers are very clear.
Voters overwhelmingly by 22% want the candidate that's going to support Bringing down the cost of living.
More specifically, Steve, as you said, we've got the chart on the Inflation Reduction Act.
This is a New York Times Siena College poll.
The way this usually works is when you first pass these big spending bills, you usually will hit a peak, you're getting the headlines, who this person's getting money, this person's getting handout, and that's usually the high about when you poll on public opinion on certain legislation, especially when the money's going out.
What people are realizing right now is they're not getting the money, the inflation is going up, nothing is going down, costs are still up, the spin's not working, You know, we have just begun to open fire on this bill.
If you look at the ads I sent this morning, Steve, it's all about the Democrats' own actions.
It's all about their votes and their You know, they've been pushing the Biden agenda 100%.
You don't have any moderate Democrats.
It just doesn't exist.
We're using their own words, their own actions and prosecuting the case.
And it's really sitting well with voters that are sort of just starting to pay attention.
That's why we wanted to wait.
They needed August to try to change the trajectory so that they can go into September on different footing.
steve bannon
They didn't.
unidentified
It didn't happen.
And we were able to hold our fire, start spending now when voters are paying attention or volunteers are on the ground, we feel very good.
But it is gonna take an execution.
We need poll watchers, we need everyone to step up, give what you can, small dollars are the most important to fuel some of our strong grassroots campaigns that are mostly running in areas that Biden won by about 10%.
Again, our average of those 74 target districts that Biden won in 2020 is 6%.
Some of them are going as deep as Biden plus 17, where we're essentially tied or starting to pull ahead in some of these tight races, whether it's in Oregon, Wisconsin.
Go ahead, Steve.
steve bannon
Yeah, no, hang on.
There's 74 targeted seats.
When you do the average of that, it's Biden plus 6.
Right now you're looking at what 30 or 40 seats as I don't get ahead of us 30 or 40 seats as potential pickups, but you're we're playing and as the economic news gets worse and you tie these people away from their lives.
To actually the ownership of this and what they're voting for.
A perfect example is the candidate running against John Gibbs up in Western Michigan that Steve Cortez has been all over.
She actually has an ad saying these Democrats spend too much money.
She's a huge supporter of all this.
They're running.
Their ads are all personal attacks, whether it's on Blake Masters or John Gibbs and going back to John Gibbs, some thesis he wrote about the woman's suffrage movement.
OK, do you think when the dumpster fire of inflation is burning down your family, You care about John Gibbs's theory about the women's suffrage movement?
Their ads are personal attacks on our candidates.
Our ads are just tying them to the Biden regime's policies.
And this is what people are sitting there going, oh my God, these policies are burying me.
That guy supports it.
I'm not for that guy.
Is that basically the theory of the case of what the NRCC and what Team Alicia, you guys have been doing and focused on tying them to Biden?
To make it a referendum, as much as they're trying to do it to make it a choice, make it a referendum.
These guys support it.
If you like Biden's regime economic policies, you like it on crime, you like it on the border.
As Cortez said from day one, inflation and immigration.
unidentified
Boom!
steve bannon
We got the issue set.
You tie them to what they voted for.
Over the last 48 hours, ladies and gentlemen, AOC and these people are running around Capitol Hill passing these limp, these weak, Pro-police bills so they can have an ad.
Hey, we voted for... Is that what they've been doing the last 48 hours?
Alex is trying to pass these weak pro-cop bill to say, oh no, we're not for defund the police.
We're really anti-crime.
Alex DeGracia.
unidentified
That's exactly right, Steve.
They are desperate to change the narrative.
This stuff is getting baked in at a record pace.
Their numbers are in free fall.
If you pull up the chart that has, you know, when it comes to the effect of President Biden's economic policies on improving the economic conditions, only 22% of voters, Steve, say Biden's policies are helping them economically.
That is an absolute dumpster fire.
President Trump up about 20% higher.
You know, even looking back.
So this whole thing is a disaster.
And again, we are just beginning to open fire.
All these polls were taken even before our great counteroffensive.
They are desperately trying to provide anything they can to make it appear and trick voters and trying to show that they're solving the crisis.
They are the ones that created this crisis.
They did it.
Pelosi, every Democrat, Okay, I want to make sure we put this in perspective.
steve bannon
We call the inflation expansion act not only is this thing a spending boondockle, but you've got money going to luxuries and resorts big companies Nothing going to help people and people are like going crazy about it when you read about the facts Okay, I want to make sure we put this in perspective in the Gingrich revolution in 94 and the Tea Party revolt in 2010 these massive pics who took the house
They were coming off bases, and correct me wrong, I think my math's roughly correct, of 174, 175 seats.
We had, because of the great work last time, remember, we picked up a net 15 during the big steal.
That shows you one of the reasons it was a big steal.
We picked up 15 House seats net last time.
We're coming off a base, I think it's 2011 or 2013, or however these special elections work.
But when you talk about picking up 40 seats, 50 seats, 30 seats, more.
And now with 74 in play, and you're going on offense in Oregon, in Connecticut, in Rhode Island, you're talking about historic levels of, we will have what, over 252, I think is the most we've ever had.
You could talk 255, 260 represents a dominant, which is multiple cycles.
It crushes Pelosi, drives them out, that they won't come back for a decade.
Alex Degrassi.
unidentified
That's exactly right, Stephen.
To be clear, those 72 seats, those are all offense.
We're really only defending about 5, 6, 7 seats and we feel great about holding all of our seats.
Those 74 seats are on offense.
11 of them, President Trump won.
A few of them, President Trump won due to redistricting.
By, like, 15%.
Those are in the bag.
The map is very, very clear on how deep we're gonna go.
It's gonna be a question, really, of how deep.
You just said it, Steve.
It's so important.
If we can provide and the voters get out and vote, we will have essentially alter the course of our republic and secure a conservative victory that will be able to withstand possibly a decade or more of attempts by Democrats to change course, laying the groundwork for 24 when President Trump runs. I think we'll flip the Senate. So all of this stuff is sort of, you know, like merging together as we press forward.
steve bannon
The strategy has all been pulled together.
We are converging on forces.
This is what political warfare is.
It is all coming together.
It literally is this audience.
You got to volunteer to be a poll worker.
You got to volunteer to be an election judge.
You have to be a force multiplier to own your vote and get everybody in your thing out there.
We have to be like Junkin with the 96%.
We have to outvote their money and we have to outvote their fraud.
But it's there.
It's right in front of us.
And what we have is the ability to destroy the Democratic Party as a national political institution.
Alex, I know you got to bounce.
Give us your social media.
How do you get to Team Elise?
Because if people get hit with a 50, this money is going to be well spent because this is lead on target right now.
Alex, how do people get to you?
unidentified
Thank you, Steve.
I'm on Twitter, Degrass81.
I'm on TruthGetter at Degrass, Alex Degrass.
NRCC.org, if you go there, you can look at the map.
They've got an interactive map.
You can click, you can see who our candidates are, read their bios, go to their sites, give directly to the candidates so that our party's able to come in and match them at the candidate rate.
That saves us sometimes three, four times, Steve, on TV advertising spending due to the FEC laws.
So we're doing great.
Thank you, Steve.
steve bannon
Okay, hang on one thing.
And this is also, they're going to start turning on each other.
Oregon's a per- I'll have you back on another time to talk about Oregon.
Oregon's a perfect example.
They got a super progressive out there.
They're going to lose that House seat outside of Portland.
The left is going to start to eat their own.
We're very close to being able to do that.
Okay, Alex, thank you so much.
I got Barris.
I got Cortez.
We got John Solomon with breaking news on Hunter Biden, also the star of the movie, Where's Hunter?
We're packed.
We got Dershowitz, Lindell.
Navarro's going to come in for capital markets.
We're slammed this morning in the War Room, and the reason is it's a big day.
You can see the end of the regime if the posse steps up and represents.
unidentified
All 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.
steve bannon
I want everybody, Captain Bannon, everybody get last night's show, break it down and get it into all the live chats so people can see it.
Because last night we had DeGrasse and we had Richard Barras on.
And this is back to Steve Cortez's theory of the case early on.
DeGrasse said last night that it looks like right now we could get 55% of the Hispanic votes in these district, in these battleground areas, in battleground areas.
unidentified
55%.
steve bannon
That is a tectonic plate shift.
On the show, and we're jammed for time, but I've got to get Richard Barris in here.
Richard Barris said last night in his polling he just put out on Nevada about Laxalt and the governor, he's got Laxalt up winning independents by 20, winning Hispanics by 8.
He gets dragged on Twitter right after that.
This is ridiculous.
This is more of the, you know, war room and Barris madness.
Richard, tell us what happened.
Tell us about your poll real quickly.
And then you had some backup after that that actually was even more impressive.
Sir, what happened?
unidentified
You know, it's funny.
It's not often when left-wing pollsters to right-wing pollsters come to defend you.
But since we dropped that, this is getting a little bit monotonous, but I'm okay with it.
Three other polls came out.
One independent, two or two independent, you can call them lean to the right.
The other one, a left-wing polling firm.
They all find generally the same thing.
We were roughly average with where we were.
You had Insider Advantage that had Lack Salt up by Hispanics by 15.
By among independents by 30.
And if we have the graph showing our poll, we can put it up.
You know, it was a an eight point lead in our polling for lack for lack salt among Hispanics, a 20 point lead for independents.
People forget, Steve, that in Nevada, you know, Republicans used to do fairly well until what happened?
An economic calamity which chased them away.
You think inflation is bad nationwide?
It's 15 percent the 12 month in Nevada.
So, you know, Hispanics are overwhelmingly telling us this is about the economy for us and we're going to vote for Adam Laxalt.
steve bannon
Look, Hispanics and Independents, Laxalt is up anywhere between eight all the way up to, I think, 20 on Hispanics and Independents everywhere from 20 to 31.
The reason the race is still even close, she's in the low 40s, which means she's going to get defeated.
It's the MAGA voter.
Some people are questioning.
That's where we got to put that aside.
When MAGA turns up like the Yunkin strategy, when MAGA turns up, it's going to be a 55-45 blowout.
We're going to take that Senate seat.
We're going to take the governorship and we're going to win a couple of house seats.
unidentified
Can I address that real quick?
steve bannon
Yes, sir.
unidentified
Can I address that with a white vote?
That was another one of the knocks that we got.
Why is the white vote so close?
Guess what?
Data for Progress, Insider Advantage, the rest of them found the same thing.
And this is why I think there are three reasons.
One, there are still a ton who are undecided.
That's number one.
Number two, they are more educated and will continue to be, which is going to be harder for Republicans in the future.
But it is overwhelmingly Republican, that white vote.
What is happening is that they've been half the country has been labeled domestic terrorists.
We can't get Republicans to take polls at the rates.
And there were it was already a problem.
I think what's happening is that those people are simply not talking to pollsters.
And you're just going to see it on Election Day, Steve.
So, you know, for the critics out there, you know, they don't like either one of those answers.
steve bannon
Well, for the critics out there, it turns out that Barris was to the lower end of the range.
The headline, we're taking Hispanics.
And look, the Las Vegas Review had the story.
They said the Democratic Party has made a bet on white college educated women.
The Republican party, thank you.
Steve Cortez has made a bet on working class Hispanics.
How's it working out for you, Democrats?
It's got you're going to get crushed.
You got the wrong issue set.
You're focused on the things the country doesn't care about.
And you've got the wrong electorate.
OK, boom, boom, boom.
Game, set, match.
Barris, how do people get to you?
Brother, you're doing more polling.
You're coming out.
You've got Wisconsin this week, Nevada this week.
He's going to be coming out with more, both at CD Media, the great Todd Woods and the team over there.
Also, Big Data.
How do people get to your polling?
unidentified
Best place to follow me, Steve, is on Locals, peoplespundit.locals.com.
And of course, I'm still on Twitter.
I'm on Truth and Getter.
But again, that's it right there.
Peoplespundit.
.locals.com.
You'll see everything there.
We have these great voter analysis models, too, coming out, by the way.
Nevada was released.
We have Wisconsin next.
steve bannon
We're going to bring all that back in because it's very important.
Let's go to John Solomon and get back to Cortez in a second.
Cortez, you must feel pretty good.
Inflation, immigration, Hispanic.
I think you were right there, brother.
John Solomon's got a blockbuster piece up in just the news.
We're about to have the star of the new movie, Where's Hunter, on.
I wanted to use John as a predicate for this.
John, what's the latest?
There's a whistleblower in the Hunter Biden situation, sir.
Is that what John Solomon's telling the world?
john solomon
Yeah, actually two whistleblowers, according to Congressman James Comer.
Two former business associates of Hunter Biden now spilling the beans to members of Congress, led by Congressman James Comer of Kentucky, telling him about a concerted effort between Hunter Biden, James Biden, and a company that Joe Biden is directly connected with.
He actually had keys for the offices.
Going after Chinese clients and trying to get them oil and gas on our soil.
So let's just get this right here.
President Joe Biden says he's the guy leading the revolution to keep Americans from using their own oil and gas.
Meanwhile his son and brother and a company that he's connected to is trying to help China get that same oil and gas.
It seems like it's all backwards except it's all documented.
In the storybook this morning, there's a list from Hunter Biden, 21 projects they were targeting in Louisiana, the Gulf Coast, to get oil and gas pipelines, drilling rigs, and LNG terminals, and get them into Chinese hands.
Just like Hunter Biden did with that defense contractor in Michigan, the windshield maker for our F-15s.
He gets that company put into Chinese hands.
Now he's going after oil and gas.
steve bannon
But hang on.
But hang on.
It's even worse as you read the Solomon story.
This is not any Chinese company.
This is a company set up.
This is totally controlled by the CCP with CCP assets or intelligence officers running it.
And it's not just to get oil and gas.
They're really going to be the capital market for the One Belt One Road to control the Eurasian landmass.
I mean, this is to the heart of Xi's strategy for Eurasian domination and then later world domination while they're an existential threat.
He is a partner to the company that is the capital markets, the guys that allocate the capital around these projects, and they wanted cheap American natural gas and oil resources.
Is that basically the pitch, John Solomon?
john solomon
100% right.
In fact, the LLC, the little cutout that they use to facilitate this, is set up by Hunter Biden and a Chinese executive.
That Chinese executive is the representative, according to Hunter Biden's own memos, for the largest energy company in China, clearly controlled by the Communist Party, CEFC.
So this was really trying to transfer America's energy wealth to the Communist China regime, while Joe Biden's preparing a policy as president that deprives Americans from that same energy wealth.
steve bannon
The young chairman, who was the whiz kid that did this, has not been seen in years.
He's somewhere in a prison, and he's so radioactive.
Globally, they know.
They're hiding him from U.S.
authorities.
He's in some prison somewhere in mainland China.
Corruption charges.
This thing stinks.
By the way, they just did the state security guy got life in prison off a death penalty from last night.
John, amazing report.
We know you're all over it now with the whistleblowers, and these are partners.
They're actually the thing.
How do people get to you, and how do people follow this story?
john solomon
Real simple.
JustinNews.com.
It's the number one story on the site right now and on social media.
I'm Jay Solomon.
Reports on all the platforms.
steve bannon
Okay, I need everybody in the chat rooms to push this story big.
John Solomon, thank you.
Amazing breaking news.
Two whistleblowers coming forward.
I want to go to the star of the movie, my son Hunter, Lawrence Fox.
Lawrence, a question.
First off, you were a candidate for mayor of London, correct?
laurence fox
I was, Steve.
Yes, I was trying to get London released from the ridiculous lockdowns.
steve bannon
Are you, is this part of, and you're starring in this film, by the way, directed by my good colleague and buddy Robert Davi.
Absolute brilliant film.
Everybody's got to watch this.
Particularly now, look, this is going to be the second article of impeachment on Biden.
And we just talked to you about the math.
We're taking the House.
We're going to take the Senate.
It's happening.
And I can back, I can show you guys the math in detail later today to go through this.
Is this part of your, are you going to get more into politics and this role was not just an acting role but part of your political beliefs?
Do you take this on purely as an actor?
laurence fox
I'm really interested in American politics because American politics, you know, America coughs England gets a cold, you know, so I keep my eye on American politics a lot.
I was cancelled from acting in England for saying that England wasn't a racist country.
So it was the only script I've been sent in, I don't know, two and a half years, I think.
But it was such great fun to play.
steve bannon
We'd love to have you back on at one time because we've knocked on the Tories a lot.
We're a big supporter of Nigel Farage and Brexit and UKIP and all that.
We saw Liz Truss today come out, literally with a fantasy plan.
It's the classic Republican playbook.
Let's have a massive tax cut.
And the bond market completely threw up because you got to figure out how to finance this stuff.
Somebody has to come up with a plan how you're going to cut spending and how you're going to finance things.
But let's talk about the film.
We just had John Solomon on.
Breaking news.
Two guys have worked with him.
Partners have come up with whistleblowers.
The Chinese Communist Party, CCP's all in this.
Walk us through the film and why you took this role on and kind of your thoughts about the whole Hunter Biden of it all.
laurence fox
Yeah, so I took the film on because I was amazed.
You know, Hollywood has such a great history from Wag the Dog to Bulworth to JFK to so many political films.
And you would have thought Hollywood would have been all over this.
But for some reason, this amazing story, which, you know, a lot of the liberal media in the UK still deny the existence of the laptop or any of its veracity.
I thought, you know, this needs to be told.
So it's a great achievement that they told this.
They told this story.
before the press, our left-wing press in the UK, have even acknowledged it's true. And I'm very worried about the state of Western civilization generally, which seems to be destroying itself from within. And the Bidens seem to have been getting off absolutely scot-free whilst America spent four years trying to impeach a legitimately elected president.
And then we've got Mark Zuckerberg admitting that they're suppressing the New York Post story.
He did it in a congressional hearing, I think in 2020.
And then again, he's admitted it on Joe Rogan recently.
I mean, it's absolutely appalling that this drug addict is on the on a plane with his father going and selling America's future to the Chinese.
And once you look at the way that the world has developed since then, And the sort of encroachment of this Chinese model, this social credit model, which we're witnessing, you start to think how much of this family Actually done via this very, very wild man who's obviously very bright and very intelligent.
But you know, it does he have America's best interests at heart?
I don't think he does.
And I think this was Britain, this guy would have been dragged through the coals.
So it's really worrying time for the West.
And I took the part because I wanted to, I wanted to tell the story.
But I also wanted to humanize him.
You know, I don't think it's, I don't think the the view on the right, which is to sort of Play the left's game back at them is the right way of doing it.
I think what you have to do is you have to go you you you can hate the actions of the person without hating the person.
So I tried to make him a human being to humanize him.
But at the same time show what horrendous horrendous things he's done for the well-being and prosperity of the United States.
steve bannon
Lauren, can you stay through the break because I want to ask you about the scrutiny.
unidentified
Sure.
steve bannon
About the scrutiny.
The scrutiny.
You ran for mayor and because we follow British politics, European politics quite closely and you know they were they were ripping your face off and here you have a presidential election.
The New York Post, we were one of the key guys with Rudy and Bob Castello to put to bring actually the laptop to the New York Post and see the suppression here.
So we take a short commercial break.
Lawrence Fox is the star of this film that you've got to see.
And here's why you've got to see it.
This is going to be massive.
The hearings on this, starting in February, March of next year, after we take the House, are going to be showtime.
And Hunter Biden is going to be straight there.
My son Hunter is the film.
The star is Lawrence Fox.
We got more in capital markets.
We got more about the, uh, we're going to go to Rome about the, uh, contest with the great Georgia Maloney, the Margaret Thatcher of, uh, Italy.
Uh, we've got Alan Dershowitz from Harvard, all of it next with Lawrence Fox in the world.
unidentified
War and be back in a moment.
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So I'll tell you what's going down.
Do you know who I am?
They told me you were a VIP.
All connected to the government.
What kind of a moron forgets to pick up his laptop at a repair shop?
You're a Biden.
Act like one.
Everything he built, his life, I just ruined it all.
I want to know everything that's on that laptop that can ruin my erection.
laurence fox
My friends, it's time to party!
unidentified
I'm an artist.
Tell me how I can help you.
I don't deserve help.
Oh, I'm so sorry.
I've been through worse.
You're the smartest man I know.
Thanks, Dad.
I just wish I could smack some sense into you.
laurence fox
I'll never forget Cornpop.
unidentified
He was a bad dude.
No joke.
Dad, we're talking about suffering.
I can't seem to find anything but positive stuff on the Bidens.
steve bannon
Okay, we're going to get in a moment to Steve Cortes on capital markets, what's happening today.
The end of modern monetary theory, as Rick Santelli tells us.
Also going to go to Rome with Ben Harnwell momentarily about Sunday's vote in the surge.
Giorgia Maloney is the cover of The Economist.
Today, and as you can imagine, it's not a great article.
So, and by the way, tons of articles coming out.
In fact, Barron's, the lead story in Barron's that will be out tomorrow in print in the United States calls her, her biggest problem is that she's a Christian mother, right?
They're coming hard for Georgia, the Margaret Thatcher of Italy.
I want to go back to Lawrence Fox.
Lawrence, the scrutiny you went under and when you ran for mayor, and you ran for mayor essentially saying about the lockdowns, you're saying there's no science to back it up, there's no data to back it up, what are we doing here?
And it turns out that Lawrence Fox was right, and more of that evidence is coming out every day as they're running away from the vaccine, they're running away from the booster, they understand now the masks were a joke.
And you got your essentially your face ripped off Here, when you started studying Hunter Biden, and knowing how the tabloids, and this is the great thing about a free press, the tabloids in London are, you know, it's hardball every day, sharp elbows, they're coming at you.
When you looked at the Hunter Biden situation and started doing your research to play the role, were you shocked about how the media has essentially been a Praetorian guard for this family, sir?
laurence fox
Yes, I really was.
The British media particularly have been, well, they've been paid for by the government.
The government was the biggest advertiser in the British media for two years.
So as you have, you know, Anderson Cooper's show bought you by Pfizer and that sort of stuff.
So the government have fed the media a line and the media fed the public a line.
And I was, I throughout the lockdowns and all through Covid insisted and very publicly partied as hard as I could.
With as many people as I could just to just to show them that it was all a ridiculous waste of time.
And I was vilified and berated for it.
But then two days after we buried my mother in a in a very, very cut down horrible ceremony, the whole of the government were partying.
And you know who was partying the hardest in the British government?
The head of ethics.
That's who was the one who broke the most rules on top of everything.
So, you know, this whole Lawrence, the guys at Breitbart are doing an amazing job.
Robert Davi, who's fabulous, is the director.
grab fortunately has failed but it's just the beginning.
So yeah, you know, that's where I came from as I went towards the London Mayoral but you know that's what they do, you tell the truth you get your face ripped off as you well know.
steve bannon
Lawrence, the guys at Breitbart are doing an amazing job.
Robert Davi who's fabulous is the director.
The film is, let's say this.
You'll watch it multiple times.
It's that good and that kind of mesmerizing.
And the reason is it's not totally linear and it's not quite paint by numbers.
And that's why I think it's so deep.
And this film's only going to get more screenings and more showings as we get to the hearings.
Because remember, the second article of impeachment is going to be about their financial compromise with the Chinese Communist Party.
And the story's breaking today.
John Solomon's got it.
Two whistleblowers, two guys who work with him, are coming forward with data and information.
So this thing is on.
Lawrence, how do people get to you on your social media and how do they get to the film?
Because everybody should watch this.
One, it's incredibly entertaining, but it's also it's got very deep lessons there and a lot of information.
So how do people get to over to Breitbart to screen it?
And then how do people follow you?
Because, sir, your profile and courage of standing up when you were getting Literally destroyed because you sat there and go hang on for a second.
laurence fox
We're English We've got to be able to face facts and all they want to do is spin and misrepresentation So I want to make sure people start following you on social media how they do that Thank You Steve, um, yeah, I'm on lots of Fox on Twitter or Twitter or whatever you call it and guess as well and I think the same on Instagram and I'm What else?
I run the Reclaim Party, reclaimparty.co.uk in England and the Bad Law Project as well in the UK where we're going to take back the power and return the power to the people and take corruption out of our national institutions.
So the badlawproject.com as well.
And yeah, the fight is on big time.
steve bannon
People should remember when we started talking and working with a guy named Nigel Farage, they were polling at 1%.
We started talking with Georgia Maloney.
She was at 2%.
Lawrence Fox, I would go long your stock in British politics.
Sir, thank you very much for joining us and great film.
Tell Robert Davi and the team at Breitbart, just an amazing film.
We'll make sure we get it out.
Everybody see it.
laurence fox
Thank you so much, Stephen.
Robert Davi is a fantastic, wonderful, brilliant director, and it was a great pleasure to work with him and Gina and all the team.
steve bannon
It's incredible.
He's a national asset, not used enough.
Cortez, real quickly, let's get a quick update before we go to break.
You'll be with us on the other side.
We've cleared out some time to spend more time with you and Harnwell and others.
What's the update?
Was the Ford Motor Company not looking so hot this morning?
steve cortes
Yeah, to say the least.
The Dow down right now, 434 points.
Small cap stocks, which are more representative of Main Street, doing even worse than that.
And Ford Motor, if we can pull up chart number two here, folks, Ford Motor right now is down almost 6% on the day.
Steve, that would be a bad month.
It would be a bad year.
That is on the day, Ford Motor.
It has been, it's now just above $12.
As you can see on that chart, it was almost $26 earlier this year.
So Ford Motor has been more than cut in half.
And the company said that it has an additional billion dollars, billion with a B, dollars of costs in the third quarter that it was not previously accounting for.
So think about that.
Think about what Biden's inflation is doing to a company as big and sophisticated as Ford Motor.
They missed it by a billion because of Biden.
steve bannon
The canary in the mineshaft is the small caps down two and a half percent a day.
They're the job creators.
Short commercial break.
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