Sept. 24, 2022 - Bannon's War Room
48:54
Participants
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| Speaker | Time | Text |
|---|---|---|
| knows based on how Rachel Maddow kind of went through that. | ||
| Let's be clear, War Room Posse, this is the battle that will determine the future with respect to our economy. If Biden and Pelosi are able to push through this $3.5 trillion build back to nowhere bill, that will throw incredible flames on the inflationary fire. | ||
| Now, let me say this, Steve. | ||
| I cut my teeth in macro, being like a stock market analyst, looking at the economy. | ||
| And figuring out how that's going to move the markets. | ||
| As far as I'm concerned, the stock market has been levitating since Biden got in office. | ||
| I'm calling a top on this market. | ||
| And we are in a situation where when we have this 1970s style stagflation, Steve, you witness something that rarely happens. | ||
| Both a bear market in bonds and a bear market in stocks. | ||
| And it's a case where it's virtually impossible to make any money unless you're on the short side. | ||
| Remember, the stock market is supposed to estimate a future stream of earnings. | ||
| And so far it's been going up only because the Fed's been throwing money on the fire and the Congress has been throwing money on the fire. | ||
| At some point, that breaks because the inflation goes out of control. | ||
| And let me give you some numbers here. | ||
| It's not just that yesterday was the producer price index, the wholesale prices going up 8%, the highest in 11 years. | ||
| It's not just today that we had a massive CPI number consumer price index here and remember inflation is the cruelest tax because high food prices eat up our wages, right? | ||
| In China, interestingly enough, they had a 13% hike in the producer price index. | ||
| Which was the highest in 26 years. | ||
| So what you and I do on this show is connect the global dots, right? | ||
| So if China's inflation is kind of approaching Wehrmacht, German World War I kind of territory, It's not, you know, as soon as those ships are able to come through the broken supply chain and start dumping their crap in Long Beach, it's going to be a lot more expensive. | ||
| And remember, it's the deplorables, it's the blue-collar Americans, it's the black and brown Americans Who are already getting hammered by the open border driving down their wages that basically get hit by this. | ||
| If you don't get a wage hike and prices go up by 10%, guess what? | ||
| You're screwed. | ||
| And it's not just 10% this year. | ||
| I mean, this stagflation scenario is out of control. | ||
| So War Room Posse, you're famous for the naming of the great battles. | ||
| Where the tide of war turns. | ||
| This is one of those you give it the name, Steve. | ||
| But if we do not stop Biden and Pelosi from pushing forward that final bill, raising the debt limit and all of that, it's got to be back to the four nos. | ||
|
unidentified
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It's a losing week, but a little bit of an attempt to bounce off what had been some pretty decisive lows back in mid-June. | |
| That does it for Closing Bell. | ||
| Overtime is now at Scott Laup. | ||
| As I said, a new closing low for the Dow. | ||
| Where do we go from here? | ||
| I think you have to take a little bit of a good feeling about the way that we ended the day. | ||
| This clearly had the feel of a liquidation type of an event. | ||
| Trading volumes were very heavy. | ||
| Volume was nearly 40% above the 30-day average. | ||
| We haven't seen that in a while. | ||
| Certainly you saw in treasury yields a spike, almost a parabolic spike, move higher to levels that we haven't seen in many, many years. | ||
| So I think that's indicative of a little bit of a liquidation feel. | ||
| I think you could take heart in that, but by no means does that mean this is the all clear, because ultimately the big question is going to be earnings. | ||
| You know, John Fallon's on 2020. | ||
| A bear market is a 20% decline from previous highs. | ||
| Now, even some optimists are throwing in the towel. | ||
| Goldman Sachs today sharply cutting its outlook for the U.S. | ||
| stock market because of these concerns about the Fed and about high inflation. | ||
| One of the worries here is that the Fed is moving so quickly, even though it takes It takes months for the full impact of these interest rate hikes to be felt in the economy. | ||
| Bank of America put out this great report summing this up. | ||
| They said the Fed is hiking at the fastest pace in recent memory with maximum uncertainty on the macro outlook. | ||
| To us, this seems like driving at 75 miles per hour but not knowing which way the road will turn. | ||
| An accident seems inevitable. | ||
| If you want to see which way the world turns, just come into the War Room. | ||
| It's Friday, 23 September in the year of our Lord. | ||
| We're kind of pressed for time, Dr. Navarro. | ||
| Another bloodbath. | ||
| Not just in stocks. | ||
| We keep telling people in the bond market. | ||
| Absolute bloodbath. | ||
| particularly over at Getter. And so we went back. That was 11 November. The opening was 11 November of 2021. It was Dr. Navarro calling the top. He's got a chart to back it up. We're kind of pressed for time. Dr. Navarro, another bloodbath, not just in stocks. We keep telling people in the bond market, absolute bloodbath. And a term we want everybody to, capitulation, capitulation, When the happy talk and the spin stops, capitulation. | ||
| Dr. Navarro, give us your wrap for today. | ||
| This is going to be the first of many brutal days, sir. | ||
| Look, Steve, that clip was from 10 months ago. | ||
| You and me on The War Room got this exactly right. | ||
| And even today, the touts on CNBC are saying, well, it looks good. | ||
| The market ended up a little bit. | ||
| Here's the chart, Steve, OK? | ||
| One chart, right? | ||
| The top of that chart is when I made the call back in November. | ||
| It's a downward trend all the way today. | ||
| What did I say, Steve, yesterday? | ||
| I said, look, we're going to hit $25,000 on the down now, long before we ever hit $40,000. | ||
| And the idea, we haven't seen capitulation yet, Steve. | ||
| We're going down. | ||
| The 25,000, and the reason is, and that November was a turning point. | ||
| That was that one thing that Steve Bannon said could push us over the stagflationary edge. | ||
| It did, and good Lord CNBC, will you put some smart people other than Rick Santelli on that network? | ||
| These people are idiots stealing people's money. | ||
| Yeah, here's what you got to watch for. | ||
| I've got a bunch of stuff up on Getter right now about the changes in financial circumstance, about mortgages, about what you have to make. | ||
| This chart that somebody did and got to me about the difference in income you have to make with a 30% down payment really puts you on the precipice of a Implosion of the housing bubble. | ||
| I mean, everything in your life financially and economically is changing in the last 72 hours, and it's only going to get worse. | ||
| Peter, in the bond market, you know, you've been saying, hey, normally when you come out of stocks, you can get into bonds, but there's no place to hide here, right? | ||
| This is a bloodbath. | ||
| That's really interesting. | ||
| Let me give you a second chart here, Steve. | ||
| This is the short of the long bond, which illustrates That from the day I made that call on the stock market going down, the bond prices have been going down. | ||
| Because when that thing's heading straight up, bond prices are going down. | ||
| And look, as I explained in November, the usual asset allocation strategy is like, you know, half bonds, half stocks. | ||
| Because those prices move in opposite directions, so you have a natural hedge. | ||
| When you have stagflation, they both go down at the same time. | ||
| The only protection is very risky short selling. | ||
| So this is a bloodbath. | ||
| We are losing trillions and trillions of dollars of wealth. | ||
| And Steve, the bond market is an ocean compared to the pond of the stock market. | ||
| It's all about the bond market. | ||
| It's an ocean. | ||
| It's 20 to 1, the bond market, and much more important in your life. | ||
| A couple of things, just remember, as you're seeing this red, That's your pension funds. | ||
| That's your 401ks. | ||
| That's your pension funds. | ||
| That's all these geniuses. | ||
| Larry Fink said, though, the genius is managing your money, but also in the bond market. | ||
| Remember, your asset allocation is probably 60-40 at best. | ||
| I tell you what, Peter, hang on for a second. | ||
| There's some news out of China I got to talk to you about, unconfirmed, but I want to bring in Boris. | ||
| We got Ben Berquam down at the rally. | ||
| We're going to go to him in a second. | ||
| I want to bring in Boris. | ||
| Boris, you've also worked on Wall Street for many years. | ||
| Do I have Boris by phone? | ||
| Boris, give us your assessment and tie together, because everyone in the audience knows this. | ||
| Go ahead, Russ, vote on. | ||
| They're on Capitol Hill right now, and the deal they're making, whether it's in 60 days as a short CR or a long CR that takes us in when we have control in January, because we're going to pick up at least 40 seats, both of them are predicated on staying at 2021 numbers. | ||
| That is basically a trillion and a half dollar baked in deficit, okay, with a trillion dollar defense budget. | ||
| Here's the difference. | ||
| The difference is the funding cost of that is astronomical. | ||
| It's like in the United Kingdom today. | ||
| Liz Truss goes up and gives this happy talk about a tax cut. | ||
| The bond market collapsed. | ||
| The stock market collapsed because there's no way to finance it. | ||
| You are now, and we're the first people to put it up, and you never thought you would hear this, a sovereign debt crisis for the good old United States of America. | ||
| That's where the Biden regime has driven us. | ||
| Boris Epstein. | ||
| Stephen, it's an honor to be with you, and I've got to give kudos to Peter Navarro for that call in the stock market. | ||
| You know, Peter should probably stick to stock analysis. | ||
| Just joking, Peter. | ||
| Lots of love, lots of love. | ||
| Just kidding around. | ||
| But it was an unbelievable call. | ||
| Unbelievable call on the top of the market. | ||
| Here's where we are, Steve. | ||
| And this has truly been called by us from, you know, over a year ago. | ||
| The Biden administration, so dead set on ruining America. | ||
| Democrats, woke, radical liberals, so dead set on driving our country to the ground with sky-high inflation, gas-driven inflation, sky-high gas prices, no... Absolute disaster internationally, no respect for us as a country, and that this is where we are, nowhere to hide. | ||
| Stock market, absolute disaster, bond market, disaster, and Peter's right, you know, you're about 50-50, you know, in your investment portfolio, maybe if you want to be little more aggressive, your 70-30 equities to bonds. With bonds, you're providing that stability when equities go down. And right now, both are deep in the red, blood red, and there's absolutely nowhere to go. And a lot of folks think about the stock market as some separate entity from the | ||
| economy. Not here, not now. What you are seeing is a mirror reflection of the disastrous situation of the American economy because of the Democratic And you better believe, you better believe politically in November, you're going to have the American people go to the polls and in droves, in droves, vote for MAGA Republicans, march all the way through 24. | ||
| Hang on for a second. | ||
| I want to talk about Alex DeGrasse's amazing analysis, but hang on a second, we'll go back to Peter. | ||
| He's got a punch. | ||
| Peter, the timing of the book couldn't be better, Taking Back Trump's America. | ||
| You lay out exactly what the principles are for MAGA, America First, and President Trump's policies. | ||
| And about, you know, McCarthy put up this thing today. | ||
| Hey, it's a start. | ||
| But certainly not where we're going to go, because we're going to go much harder. | ||
| Your book talks about that. | ||
| How do people get to the book, first of all? | ||
| Because it would be a great weekend reading when people can get it on Amazon Prime or go Kindle and get it and read it right away. | ||
| Yeah, and Denver, feel free to put the cover up because there's a chapter in that book, Steve, where I wrote a memo in May of 2020. | ||
| May of 2020. | ||
| I'm still in the White House. | ||
| Warning of stagflation. | ||
| You could see this thing coming like a high, a hard one, and then Biden gets in. | ||
| And just makes it just double down. | ||
| PeterRivar.com, go there to get Taking Back Trump's America. | ||
| It's the blueprint and battle cry for the MAGA movement. | ||
| And Trump's America, what is that? | ||
| It's prosperity, no inflation, security on our southern borders. | ||
| Full energy, full spectrum energy dominance. | ||
| Spectrum energy dominance. | ||
| Thank you, sir. | ||
| Real quickly. | ||
| You've been the best guy because you're the old China hand about the inextricably linked nature of the Chinese and the American economy, supply chains, all of it, unfortunately. | ||
| Rumors out of China, a lot of tweets coming out from pretty respected sources, totally unconfirmed, but there's something up with the Shanghai meeting. | ||
| There's definitely something up with Xi and the military. | ||
| I just want to put it on the table. | ||
| Any thoughts, any insights on this? | ||
| Look, there's a typhoon bearing down on Shanghai, which explains at least some of the flight cancellations. | ||
| I think it's going to, look, Xi may have overplayed his hand, taken out so many of his rivals. | ||
| There's certainly a lot of people who want him down. | ||
| And that economy, they're going with that lockdown strategy, Steve, that zero lockdown. | ||
| That is insane. | ||
| And the economy's paying the price for it. | ||
| The housing market, there's a bubble. | ||
| As the boss says, let's see what happens. | ||
| We're going to keep a close eye on it, keep a little gimlet on it. | ||
| Real quickly, where are you on Getter? | ||
| Yes. | ||
| Look, Getter is the Twitter killer. | ||
| I am going to personally lead that charge. | ||
| Real P. Navarro on Getter. | ||
| You can just get all my latest posts on this, everything about taking back Trump's America and this stagflation. | ||
| You've got to protect yourself right now from Biden. | ||
| Good call. | ||
| You've got other calls we can get into next week. | ||
| Get to November 11, 2021. | ||
| Call Peter Navarro. | ||
| Dr. Navarro, thank you very much. | ||
| Honored to have you on here. | ||
| Let's go to Ben Burkham real quickly. | ||
| Thank you, brother. | ||
| Let's go to Ben Burkhart. | ||
| Ben, give me 45 seconds of what we've got there in North Carolina. | ||
| It looks huge, sir. | ||
| Everything he's talking about is exactly right. | ||
| That's why the crowd is massive out here. | ||
| The people out here get it. | ||
| I've been interviewing people all day. | ||
| There's so many first-time and second-time rally goers. | ||
| We got Mark Robinson coming up right now. | ||
| Ted Budd's going to be up later, but the people get it. | ||
| While they're depleting our petroleum reserves, the price of diesel is still sky-high. | ||
| Everything you're buying is sky-high, and the people out here get it. | ||
| MAGA is exploding across America, and you see it here. | ||
| And the left can't hide it anymore. | ||
| Ben Berkman, we're gonna come back to you in North Carolina at the big rally today. | ||
| Real America's Voice, live coverage, short commercial break. | ||
| Matt Schlapp, Boris Epstein, next in the War Room. | ||
|
unidentified
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War Room, Pandemic, with Stephen K. Bannon. | |
| The epidemic is a demon and we cannot let this demon hide. | ||
| War Room, Pandemic. | ||
| Here's your host, Stephen K. Bannon. | ||
| Okay, Lieutenant Governor Mark Robinson's on stage. | ||
| We're going to go there in a minute. | ||
| We've got Boris Epstein, Matt Schlapp, a lot of news to break. | ||
| A little controversy with McCarthy today and Matt Schlapp, the guys over with about this, a pledge of corporate money. | ||
| Boris, I know, real quickly, Boris, I know you jam for time. | ||
| Alex DeGrasse was on last night of Team Elise. | ||
| Amazing analysis, set about 40 seats. | ||
| Today goes, hey, 80% of the dollars that are being raised are going on offense. | ||
| We're putting money into, NRCC's putting money into Huge kudos to Team Elise. | ||
| Huge, absolute full backing for an offensive plan to take charge. | ||
| Hey, we said 100 seats 100 years in. | ||
| I'm not backing off that one inch. | ||
| That is what we've got to fight for. | ||
| all these huge, absolute full backing for an offensive plan to take charge. | ||
| Hey, we said 100 teams 100 years in. | ||
| I'm not backing off that one inch. | ||
| That is what we've got to fight for. | ||
| We've got to spread the field. | ||
| Ton of money. | ||
|
unidentified
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Ton of money out there. | |
| Ton of money being raised. | ||
| Ton of money being spent. | ||
| Something's in my ear to somebody else, guys. | ||
| By the way, Denver, I'm hearing back and forth back there. | ||
| So, Steve, in terms of the field on the house side, this is going to be a historic wave, bigger than 2012 for the other side, bigger than 1994, bigger than 2010. | ||
| this is going to be a huge huge huge on the senate started work but we've got to be absolutely zero focus on pennsylvania without arizona kelly new hampshire you know what you have to do a little bit you know that in our poor work record or an awful bit but we've got to win there We've got to win in Georgia. | ||
|
unidentified
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We've got to be winning in Nevada. | |
| If you look at the crosstabs too, it's cutting our way. | ||
| And by the way, that's why North Carolina is so important. | ||
| You've got to hold North Carolina. | ||
| And what is Berquam reporting? | ||
| Most of the people showing up are at their first time Trump rally. | ||
| This is starting to build, ladies and gentlemen, starting to build and particularly get a day like today on the stock market and people look and they look around and go, what are we doing here supporting these radical policies? | ||
| Any news, Boris, on the legal side? | ||
| Steve, first of all, it's an honor of mine to report directly from President Trump a message to the war room posse and all the MAGA patriots out there that he's on the way to the rally. | ||
| It's going to be historic, dramatic. | ||
| Everybody better be tuning into that. | ||
| North Carolina is going to be absolute fire on the legal front. | ||
| President Trump and his team continue to absolutely dominate. | ||
| The DRJs on their back foot all over, from the document hoax to the J6 boy trend. | ||
| President Trump and MAGA are ascendant and on the offensive. | ||
| Seeing that legally, politically, and of course seeing President Trump's policies once again be validated in the disastrous economic freefall caused by fuck those Joe Biden and pathetic Democrats. | ||
| Boris, how do people get you on social media, particularly over the weekend? | ||
| No doubt about it. Boriscp.com is the website. We had a hot email go out today. | ||
| Hot on the website, Boriscp.com. Hot on Getter at Boriscp. | ||
| Twitter at Boriscp. Hot on Truth Social at Boris. The hottest on the gram. Boris on the scrub sign. Stay strong. God bless. | ||
| And Shabbat Shalom. Yeah, President Trump, thanks, Boris. | ||
| President Trump is going to speak. | ||
| Real America's Voice is going to cover it. | ||
| Everybody, he's going to drop some bombs here regarding the legal. | ||
| Let's go to Matt Schlapp. | ||
| Do we have the cold open? | ||
| Do we have the Kevin McCarthy thing yet? | ||
| We don't? | ||
| Okay, fine. | ||
| Maybe we get it. | ||
| So, but Matt, here's Matt Schlapp. | ||
| Thank you for joining us. | ||
| The reason we want to have you on, you put out a I guess a pledge. | ||
| Something you've been talking about a lot when you're coming on the show. | ||
| You're very focused on this. | ||
| Because it's like Trump in 2016. | ||
| We come into this with clean skirts. | ||
| They all abandoned us. | ||
| That's right. | ||
| Remember, they all abandoned us in 2020. | ||
| And they were arrogant about it. | ||
| They said, we're not giving any money to those guys. | ||
| Those guys are all insurrectionists. | ||
| They're all bad guys. | ||
| All the corporations walked away. | ||
| Right? | ||
| And so you made a pretty big deal about, hey, if you walk away and we can run the tables without you, why do we want to be encumbered? | ||
| I mean, that's essentially your pitch, and you've now put it into a pledge, correct? | ||
| Well, yeah, that's right. | ||
| And Steve, you know, you've had corporate experience. | ||
| I've had corporate experience. | ||
| I'm sure many of your folks watching have as well. | ||
| The only way these companies will back down off of WOKE, the most recent thing is companies like Walmart agreeing to pay for abortion on demand, abortion through nine months of pregnancy, with first class travel and accommodations to boot, subsidizing all the way along, which is completely offensive to their customers. | ||
| The only way these companies are going to back down uh... politically is that they know the republican party Which was called racist by all these companies because we believe in cops. | ||
| It was called insurrectionists, right, Steve? | ||
| And domestic terrorists and everything else. | ||
| Election deniers because we believe in voter ID and you should only vote if you're a legal voter. | ||
| You should vote once and you should have an ID to prove who you are. | ||
| Because of those things, they've called us the worst of names. | ||
| If the GOP majority comes into Washington, D.C., comes into that capital after being called racist, election deniers, Semi-fascists, you name it, and just sits down with these guys over tea and crumpets as if nothing has happened, then we won't fight on anything. | ||
| So we've got to unite to fight against woke. | ||
| I'm telling you we'll break their backs. | ||
| We will break their backs if we say, we're not sitting down with you, we're not doing your bidding until you pull back on these policy questions. | ||
| Okay, so that's not that controversial. | ||
|
unidentified
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No! | |
| We agree. | ||
| When I read the thing, I said, this is pretty logical. | ||
| It kind of flows. | ||
|
unidentified
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Yes. | |
| Everybody agrees with it. | ||
| So what happened? | ||
| You put it out today. | ||
| McCarthy and the guys are in Pittsburgh. | ||
| MTG's with them. | ||
| They put out this kind of mini, you know, the counter-narrative, which is fine, and we know it's going to be a lot more added, but, you know, we're going to run the tables. | ||
| We need to know how to govern toughly, not back off, particularly on money and appropriations investigations. | ||
| We don't have the clip, but we'll have it maybe to play it tonight or tomorrow in the six o'clock hour. | ||
| McCarthy, he got asked about this, right? | ||
| He got asked by CNBC and he said, no, no, I'll meet with anyone. | ||
| Which I guess if you're not, maybe no one had briefed him on the letter, but I have confidence that he'll realize that this is a very basic thing. | ||
| You probably wouldn't sit down with just anyone. | ||
| Are you going to sit down with somebody who called half of your conference racist? | ||
| Who said to half of your conference, you're such a renegade, we'll never even consider giving you PAC money. | ||
| You know, they really crossed the line when they came out with these slurs, tried to damage these people. | ||
| I think people like Scott Perry and others in the conference want to see us say, no, we're going to push back on these woke corporations. | ||
| It doesn't mean we won't do the right thing for the American people, but it starts with listening to the American people, the people who are going to give us this majority and not going right to K Street. | ||
| So once again, just give me a minute. | ||
| What is the pledge? | ||
| American Conservative Union has put it out, CPAC's put it out. | ||
| What is the pledge and what are you asking candidates to do, sir? | ||
| We're asking members of the conference, all these people that have come in, To stop doing the agenda of woke corporations that are for nine months of paid abortion, that are for defunding the cops, who are for saying that voter ID is racist, who are saying that it's okay to have policies to push trans ideology on our kids and get our kids into gender confusion. | ||
| All these policies. | ||
| We're saying they have to go back to neutral before the Republican conference will deal with them. | ||
| I believe these companies, the lion's share of them, will go back to neutral. | ||
| But if we play patty cake, it's not going to happen. | ||
| Okay, by the way, tell Mercedes, we've got to get her on the Alex DeGrasse, Team Elise, the analysis we went through last night for an hour and then today. | ||
| It's amazing. | ||
| They're talking about 55% of the Hispanic vote. | ||
| Now, in fact, I'm going to have the candidate, I'm going to have three Hispanic candidates on in the next hour from El Paso, Texas and California to talk about this. | ||
| They say it's definitely breaking our way. | ||
| Working class. | ||
| In fact, the Las Vegas Review, as I keep saying, they did the analysis. | ||
| They said, hey, the Democratic Party's bet on basically Karen, bet on white. | ||
| College-educated women, and the Republican Party bet on working-class Hispanics, and we're seeing whose bet's going to pay off here, right? | ||
| Keep your eye on Arizona and Nevada. | ||
| I'm telling you, it's breaking our way for sure. | ||
| Big time. | ||
| Matt, how do people get to you on social media, sir? | ||
| At mschlapp, at CPAC. | ||
| Come join this movement to take back the corporate boardroom. | ||
| We can do it, not in every case, but in a lot of cases. | ||
| Thank you, brother. | ||
| Thank you for changing your schedule. | ||
| Come on. | ||
| Thank you, Steve. | ||
| Let's go back. | ||
| Let's go to the Tar Heel State. | ||
| Our own Ben Berquam, Real America's voice at the rally. | ||
| Ben, what do you got for us? | ||
| Hey Steve, we've been interviewing people all day, and the turnout is massive here, as I mentioned. | ||
| People are getting it, and what you're talking about, it's so interesting. | ||
| When you look at what the left is offering, all they're offering is transgender sports, abortion, and a destroyed economy. | ||
| When you look at the crowd here, it's everybody from across America, it's the full spectrum, from young to old. | ||
| You know what's interesting too, what just changed, So it's been a let's go Brandon chant for the last couple months. | ||
| It just changed back to FJB. | ||
| There is some anger in this crowd here about what Joe Biden is doing to America, and they're fed up with it. | ||
| No matter what the mainstream media does to try to hide this from them, the American people get it. | ||
| They're rising up in mass. | ||
| I want to just reiterate your reporting. | ||
| By the way, is Wayne Allyn Root ready? | ||
| I think I'm going to go to Wayne Allyn Root here in a second. | ||
| I just want to report your reporting, Ben, because you've been doing such a great job at the rallies, obviously on the border. | ||
| You're saying that in this crowd, look at that massive crowd. | ||
| For our TV audience and streaming audience, the crowd is absolutely insane. | ||
| It's so big. | ||
| For the radio audience, you just can't. | ||
| It's incredible. | ||
| You're saying a lot of people you talk to, this is the first time they're really coming to a rally? | ||
| Over and over and over again. | ||
| I was interviewing, I probably did 20 interviews as people were coming in and I'd say 60 to 70 percent of them were either first or second timers and most of those were first timers. | ||
| So that just gives you an idea of the momentum that this is having. | ||
| These are people that have seen President Trump and it's a kind of a cross section of people, former Democrats, that realize that President Trump wasn't a bad guy and that the mean tweets weren't that bad. | ||
| What's bad is having to spend three times the amount on their groceries and three times the amount on their gas and three times the amount on their kids' clothing. | ||
| That's what's bad. | ||
| And the other half of that are MAGA folks, patriots that just haven't stood up yet. | ||
| And they're saying, you know what, enough's enough. | ||
| The January 6th stuff isn't gonna stop me. | ||
| They're trying to destroy President Trump. | ||
| They're trying to destroy Steve Bannon and it's not gonna work. | ||
| They're going after Mike Lindell. | ||
| It's time for us to stand up. | ||
| And that's what we're seeing. | ||
| Massive MAGA posse out here. | ||
| And I gotta say, it's our audience. | ||
| It's people that are watching you and this network that are getting it. | ||
| Ben, thank you. | ||
| Hang on, we're going to come back to you. | ||
| I think Ted Budd's running for Senate. | ||
| The numbers look great out there. | ||
| We're going to take a short break. | ||
| We've got Wayne Allyn Root. | ||
| Wayne is a deal guy, knows Wall Street better than anybody, and is going to be here. | ||
| He's got a new show we're going to talk about. | ||
| Also, Alan Dershowitz, Professor Dershowitz from Harvard. | ||
| So we have Columbia versus Harvard next in the War Room. | ||
|
unidentified
|
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. | ||
| War Room. | ||
| Pandemic. | ||
| When there's no more, let's take down the CCP! | ||
| Day of our life for too long! | ||
| 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. | ||
| MyPillow.com promo code WARROOM. | ||
| Make sure you go there. The towels, $19.98. | ||
| This is the best deal we've ever had on towels. | ||
| Not gonna last forever. You go to our Square. So you go to MyPillow.com. | ||
| Then you go to the Square. Type in War Room. | ||
| You get all the best deals. You got the buy one, get ones free. | ||
| You got the slippers, the moccasins, all of it. The sheets, the per-cal sheets, which is how you sleep the sleep of the just when you only get a couple hours a night. | ||
| When you're manning the ramparts, and we're manning the ramparts here with what, 46 days to go. | ||
| It's going to be incredible. | ||
| We're going to go back. | ||
| By the way, we're trying to get Professor Dershowitz. | ||
| He may have a technical problem with that. | ||
| We're trying to work it out. | ||
| If not today, then tomorrow or Monday. | ||
| He's defending now, Mike Lindell. | ||
| Big news story there about the reasons why he's doing it. | ||
| One of the top lawyers in the country. | ||
| Professor from Harvard. | ||
| We're going to go back to the Tar Heel State. | ||
| Our own Ben Berquam momentarily. | ||
| We've got to bring in a buddy, a colleague, and a mighty warrior. | ||
| I thought I was going to have Columbia versus Harvard. | ||
| With Wayne Allyn Root versus Dershowitz. | ||
| But the professor may not make it. | ||
| Wayne, you've got it. | ||
| First off, before I ask you about the new show, real quickly, you're a street guy. | ||
| You've spent a number of years in and out of Wall Street. | ||
| Tell me about your thoughts of the market today and the economic policies that got us here, sir. | ||
|
unidentified
|
Yeah, well listen, I'm a little like Donald Trump, Steve. | |
| I don't want America to fail. | ||
| Even with Biden as president, I want America to succeed. | ||
| So I'm not rooting for Wall Street to crash, but it's very clear that things are very bad. | ||
| The economy is on the verge of collapse. | ||
| Wall Street, I believe, is shaken and on the verge of collapse. | ||
| They did not believe what I've known. | ||
| I don't know why I know more than Wall Street. | ||
| I have no idea, because I'm just a little son of a butcher. | ||
| But all I could tell you is I've said for a year and a half now that the nation's in disastrous shape, that the border's open, that the inflation, the gas prices, the groceries, the average middle class consumer cannot survive. | ||
| They can't make it. | ||
| And they're using their credit cards To just barely survive this month and next month in Vegas, where I live, not only are the groceries out of control, not only is the gas almost as high as California, but the rents are up by 30% year to year. | ||
| The mortgages are through the roof. | ||
| Housing prices went up dramatically, but the mortgages and the interest rates are now through the roof, so no one can afford them. | ||
| So you can't sell your own house and make a profit because the buyers are gone. | ||
| And if you bought a new one, the interest rate would be twice as high. | ||
| So nobody's in good shape right now. | ||
| It's very scary, and we've got a Federal Reserve that's out of control. | ||
| The Federal Reserve is raising interest rates dramatically into the teeth of a recession. | ||
| That's very rare. | ||
| They're admitting they're going to cause millions of jobs to be lost, businesses to go under, and the economy to crater. | ||
| All of this right in front of the midterm elections. | ||
| I didn't want this. | ||
| I'm not rooting for this. | ||
| I'm not happy about this. | ||
| But I'll tell you what, the one benefit of it is the Democrats are finished. | ||
| I do believe now. | ||
| I was a little shaky, Steve, like a month ago, because Republicans were not doing a good job of messaging and Democrats kept bringing up abortion, abortion, abortion to the women. | ||
| I was a little nervous, but I really feel now we're headed for a landslide. | ||
| I think we're going to do well in the House and the Senate, and I think it's going to be a gigantic landslide. | ||
| Yeah, this is what Alex DeGrasse last night and then today. | ||
| They saved their money. | ||
| They had the right issue set, which is crime, border, inflation, economy. | ||
| They took the hits for the Democrats, came in in July and August, but the Democrats didn't put us away. | ||
| In fact, it's not even a glancing blow, and particularly when you look at the cross tabs in Nevada. | ||
| I just want to go back, though, for a second, because people's lived experience is what's going to drive the electorate we want to the polls. | ||
| I want to go to Nevada, which is a key state. | ||
| With the 10-year Treasury hitting almost 4% today, that's going to change everybody's life, because the credit card interest is going to explode, your car loan is going to explode. | ||
| How are people going to make it in there with repossessions of cars? | ||
| When you're talking about rents going up 30%, food's through the roof, still fuel, and of course, natural gas is through the roof, credit cards, all of it. | ||
| By the way, the mortgages are now going to be out of control, so you're not going to have the 30% to put down. | ||
| Because every month you get your real income is dropping, right, because of inflation. | ||
| How is working class and middle class folks in Nevada, and particularly in Las Vegas, how are they going to make it? | ||
|
unidentified
|
They're not. | |
| They're not, Steve. | ||
| I'm telling you, that's why the entire working class and middle class is for the GOP. | ||
| You know, obviously I'm very well known in Las Vegas. | ||
| I can't walk in a restaurant without being mobbed here. | ||
| And every time I sit down in my seat, every waiter comes up, every waitress, every hostess that says, we're with you. | ||
| But when I meet the rich people, oh, we're Democrats, we don't understand why you're a Trump guy, Wade. | ||
| It's amazing how America's changed. | ||
| The richest people with the private jets and CEOs of big corporations are all out-of-touch Democrats, and the average middle-class, working-class person, including almost every Hispanic I meet in Las Vegas, certainly every Hispanic male, is now a Republican and a Trump believer. | ||
| So everything has changed. | ||
| It's all on its head. | ||
| And I believe that's why they're trying so desperately to stop you, Steve, and to stop Mike Lindell, to stop Donald Trump, because Trump really has brought, you know, as opposed to what the media story is, they claim Trump's not popular and Trump could be indicted and all the other nonsense. | ||
| Trump is, in my opinion, the most popular politician in the history of America. | ||
| His votes in the 2020 election prove it. | ||
| They want to make believe it didn't happen. | ||
| He got the most votes of any president in history, and the most biggest increase of any president in history, and the most votes of any Republican at any level in history, and yet he's unpopular. | ||
| This guy has Hispanics behind him. | ||
| I think he's got a large proportion of at least black males behind him. | ||
| He's got almost the entire white middle class behind him, and I think he's gonna win big if he runs again, and I think we're gonna win big to set the table for the midterms. | ||
| And they're scared to death of all of this. | ||
| I'm the gambler, Steve. | ||
| They bet on abortion. | ||
| I'll bet on inflation every time versus abortion. | ||
| You know? | ||
| It's a much better issue to the average woman who pays the bills and pumps the gas and buys the groceries. | ||
| Abortion's not the big issue. | ||
| MSNBC even came out with their thing, not the embassy, which buried them on the issue set. | ||
| But even on abort, even for women, the number one issue is the economy, inflation, abortion is number two for the, I got to ask you, the Las Vegas, the Las Vegas review had this analysis of some laxal polls are coming out and saying, look, the Republican, the Democratic party made a bet on college educated white women. | ||
| And the Republicans made a bet on working class Hispanics. | ||
| And in Nevada, it looks like the Republican bet is paying off. | ||
| We had on the show last night, Richard Burris had a poll that showed Laxalt up 8% with Hispanics. | ||
| He got dragged on Twitter during the show by all the blue checks. | ||
| He got dragged. | ||
| Another poll came out afterwards that showed Laxalt's up, I think, 21 points with Hispanics. | ||
| What's your assessment of the Hispanic vote? | ||
| Because this is key. | ||
| The Hispanic vote breaks over 50% in Nevada. | ||
| It's Katie Bar-The-Door. | ||
| We will run the tables in Arizona. | ||
| We'll run the tables in New Mexico. | ||
| You're going to run the tables in Texas and in Florida. | ||
| Wayne Allyn Root, your assessment. | ||
|
unidentified
|
Well, and I think we're going to win big because Hispanic women don't believe in abortion and they're feeling the effects of inflation. | |
| Inflation's wiping them, their lives away. | ||
| They're destroying them. | ||
| If you make 30, 40, 50,000 a year, Steve, how do you survive when I, Wayne Root, With my income, walk into a grocery store, put 10 items in the grocery cart, and the bill's like $120. | ||
| And I'm sitting there going, how is a middle class or working class person surviving this? | ||
| And the answer is they can't. | ||
| And the Hispanics in this country are working middle class people. | ||
| And abortion has not entered their lives. | ||
| Most Hispanic women are married with kids. | ||
| They're not worried about abortion. | ||
| They're worried about paying the bills and also their kids' education in school. | ||
| Those are our issues. | ||
| If a working class family walks into a grocery store, the mom's sitting there and you got two or three kids and two of them, let's say you got three kids and two of them are young boys, I mean, I don't even know how you feed them. | ||
| It's, it's, it's, you can't, you're going to have to mortgage the house to feed the kids. | ||
| Wayne, tell us about the new show. | ||
|
unidentified
|
Wait, let me say one thing though. | |
| I just want to say something. | ||
| Yeah, sure, sure. | ||
|
unidentified
|
I just want to say something real quick. | |
| In Nevada, obviously, I'm sitting here watching TV in Las Vegas at night from time to time. | ||
| Every single Democrat ad is about one issue, abortion. | ||
| They bet the farm on one issue. | ||
| I've never seen anything like it. | ||
| The governor ads, it's only about abortion. | ||
| The Senate ads against Laxalt, only about abortion. | ||
| The Attorney General ads, what she got to do with abortion. | ||
| It's only about abortion. | ||
| Every congressional ad, abortion. | ||
| That's all Democrats have to run on is abortion because they can't run on anything else. | ||
| They've screwed up the country in every other way and it's not going to work when people can't feed their family. | ||
| Wayne, tell us about the new show. | ||
|
unidentified
|
Sure. | |
| America's Top Ten Countdown is my show. | ||
| America's Top Ten Countdown with Wayne Enlil Root. | ||
| That's me. | ||
| It's on every Saturday at 12 noon Eastern, 9am Pacific on Real America's Voice. | ||
| And it is a fantastic network and I think it's a fantastic, exciting show. | ||
| You know me, Steve. | ||
| It's an hour of pedal to the metal, balls to the walls. | ||
| I don't take a breath in an hour. | ||
| And I get through all the top ten issues each week that I pick. | ||
| That everyone in America's got to know, and I just emasculate the liberals and destroy them from 10 to 1 every week. | ||
| You gotta watch it. | ||
| No, I will tell you, I'm sure it's intense enough. | ||
| Wayne Allyn Root, you're a rock star. | ||
| Love you. | ||
| How do people get you on social media, Wayne? | ||
|
unidentified
|
Or they can find me on my website. | |
| Everything starts at RootForAmerica.com and on social media at TruthSocialTrumpSite. | ||
| I'm at Real Wayne Root. | ||
| At Getter, I'm at Wayne Root. | ||
| And RootForAmerica has all the information on all my TV shows, all my radio shows. | ||
| A big new announcement next week about a major, mega deal I'm signing. | ||
| So lots of great things going on, but nothing is more important to me than winning back the country for my four kids who range in age from 30 to 14 years old. | ||
| I just want to save this great country and the greatest system of all time capitalism and the greatest country ever blessed by God, the United States of America. | ||
| So good to me and my family. | ||
| Thank you, God. | ||
| Thank you, America. | ||
| Thank you, Steve Bannon. | ||
| Wayne, honored to have you on here. | ||
| Glad you're following us on Saturday. | ||
| It's going to be fantastic. | ||
| Right after the War Room, our live Saturday morning show from 10 to noon here Eastern Daylight Time on Real America's Voice, followed by Wayne Allyn Root's new show where he curates the top 10 stories. | ||
| Let's go back to North Carolina, the Tar Heel State. | ||
| Our own Ben Berquam is there at the rally. | ||
| A massive crowd. | ||
| Intensity, Ben, as we drive towards, I think with 46 days left, we drive to a massive, massive victory. | ||
| Over to crush the Democrat Party. | ||
| Ben Berkwine, get us up to date. | ||
| Oh man, Steve, Maga Posse, they're out here. | ||
| I'm smiling because the energy is so high. | ||
| They're coming by, they're waving, they're doing high fives. | ||
| They're thumbs up. | ||
| They love the show. | ||
| They love the network. | ||
| And shout out to Wayne Allyn Root, killer. | ||
| But that's what it's about. | ||
| The working class people of this country don't care about what the left is talking about. | ||
| They care about God, family, and country, and they want to reset this nation back on the foundation that made this nation great. | ||
| And that's what we're seeing right here. | ||
| We're seeing the massive turnout, and that's why so many people are coming up saying, we watch your network, we love the show, and especially on the border. | ||
| I go all over the country, you see this, I'm on the border, and then the cool thing is I get to go to all these Trump rallies all over the country. | ||
| And I tell you, everywhere I go, border, border, border. | ||
| Everybody cares because it affects everybody. | ||
| It affects inflation, it affects healthcare, it affects education, it affects everything. | ||
| And the Democrats are just completely tone-deaf. | ||
| Let me ask you right now, as you look at the Hispanic vote, when you think of all the time in the Rio Grande Valley, Del Rio, Eagle Pass, South Texas, Yuma, everything you spent on California, Arizona, and Texas border, where do you think, when you hear these numbers today on the markets, you hear these numbers today on inflation, with your experience being down there, where are the working class Hispanics in those places? | ||
| Are they going to vote Republican or are they going to vote for the Karens in the Democratic Party? | ||
| It's not even close, Steve. | ||
| They're voting Republican. | ||
| They're pulling that lever. | ||
| It's Republican all the way. | ||
| Everywhere I go down there along the border, it is conservative. | ||
| And it's not just Republican. | ||
| They're awake to the RINOs versus the MAGA. | ||
| They are MAGA. | ||
| The conservative, the Hispanics on the border are MAGA. | ||
| All the way. | ||
| And you had Linda on there yesterday from El Paso, my friend. | ||
| And she is... Excuse me, Irene. | ||
| Irene Armendarez Jackson. | ||
| She is an example of what the Hispanics are on the border. | ||
| They are not Veronica Escobar. | ||
| They are MAGA. | ||
| Ben, thank you very much. | ||
| In fact, in the 6 o'clock show, we're going to have her back. | ||
| Ben Burquham, we're going to try to go back to North Carolina for a little pregame. | ||
| President Trump is going to light it up tonight. | ||
| Boris said he told everybody in the posse once I'm watching because he's going to do a throwdown on DOJ, the FBI, and maybe a couple of three others. | ||
| Short commercial break. | ||
| Be back in the war room in just a second. | ||
|
unidentified
|
The new social media taking on big tech, protecting free speech, I'm cancelling cancel culture. | |
| Join the marketplace of ideas. | ||
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| It's time to say what you want, the way you want. | ||
| Download now. | ||
| Okay, it's a day of horrible economic news and, of course, a meltdown in the capital markets. | ||
| And we've told folks, you know, that's where you're hearing the worm. | ||
| We're all going to get through this. | ||
| The first step is a crushing defeat of this radical Democratic Party that takes place on November 8th. | ||
| Of course, early voting starts all over. | ||
| I think early voting in Virginia starts today or starts Monday. | ||
| So, everybody's got to man their posts. | ||
| We need volunteers everywhere, particularly to be poll workers, election judges. | ||
| Also, go to Precinct Strategy. | ||
| In the next hour, we're going to have a lot of people from the precinct. | ||
| We're going to have people, candidates from all over the country. | ||
| We're going to get into it deeply. | ||
| Also, got some disturbing reports of some of this drag queen situation in churches. | ||
| So, the next hour is going to be lit. | ||
| But right now, I want to go to Ryan Coyne, an entrepreneur Ryan, I think on a Friday, everybody would say, hey, the sun's over the yardarm. | ||
| This has been such an intense week in the war room. | ||
| Everybody needs an adult beverage. | ||
| Tell us how you're supporting the fight for freedom, sir. | ||
|
unidentified
|
Well, listen, we created a brand called We The People Wine. | |
| It's been around for about a year. | ||
| We started direct-to-consumer, only online, and the brand focused on freedom of speech, freedom of religion, freedom of enterprise, and just American exceptionalism overall. | ||
| These are values that have been under attack for a while now, as we've seen, you know, really since before the MAG movement even started. | ||
| And so, what we've seen with this brand, as well as others that stand for similar things, is an explosion in engagement. | ||
| Right now we have 15,000 cases on its way all over the country. | ||
| We have 1,200 cases on its way to Texas. | ||
| We have 500 cases going up to Boston right now. | ||
| I was just out in Napa bottling 30,000 cases total for us to go into local retailers, wine shops, restaurants across the country. | ||
| And so the reception of this brand has been exceptional. | ||
| And if you want to go on and pick up a few bottles for yourself, It's WeThePeopleWine.com. | ||
| The biggest way you can support brands like us, and us of course, is to join the Wine Club. | ||
| Whether it's a couple bottles a month, a couple bottles a quarter, you set your own package and we deliver right to your door. | ||
| Well, here's the thing, as I've said this for a long time, we've got to build our own ecosystem. | ||
| Even with the victory we're going to have, and this is what we had Matt Schlapp on about, not sitting down with these corporations, these woke corporations, because it's going to take a while to get their minds right. | ||
| And we just need our own alternative brands. | ||
| We need our own alternative, everything from financial systems, all of it, because we can't depend upon the Uniparty and we particularly can't depend upon the globalists. | ||
| To be there. | ||
| That's why I'm such a big supporter of all these different people are putting up all these different sites. | ||
| They're putting up their own brands. | ||
| Once again, talk to us about how important is that? | ||
| How important is it to support this so that make sure that we've got our own brands and we're not dependent upon the corporatist environment, the globalist environment, and particularly the Wall Street environment to supply us anything. | ||
|
unidentified
|
Well, one thing that we say all the time is that no longer should we have to give money to people that hate us. | |
| And I don't think that you should have to do that in any industry. | ||
| We decided to go, you know, build a brand around community and getting people together. | ||
| We think Wine does a great job of doing that, especially here at 5.30 on a Friday afternoon. | ||
| And, you know, I'm staring out at the team right now. | ||
| They're way ahead of us, let's just say that. | ||
| So that's why we started this product. | ||
| But yeah, it is critical not to be forced to give money to people that, you know, hate your guts. | ||
| And so this is one more brand and one more company that we started up that is engaged in that effort. | ||
| So how do people, once again, how do people get there? | ||
| How do they find out about the wine? | ||
| How do they find out about the brand and about the teams in back of it? | ||
| So they're giving money to people that don't hate them, right? | ||
| And support their values most importantly. | ||
| Where do people go? | ||
|
unidentified
|
So there's a couple ways. | |
| One, if you want to buy online, go to wethepeoplewine.com. | ||
| Join the wine club if you can. | ||
| If you can't, grab a couple bottles for a very low shipping rate. | ||
| Another way to support the brand right now is we are rolling out nationally into local retailers, wine shops, and restaurants. | ||
| So ask for it when you're out to dinner. | ||
| Ask for it at your local ABC store. | ||
| best for it at the wine shops, make sure that we are getting represented on the shelf along with all these other major brands. | ||
| It's tough. | ||
| I mean, to get retail space, there's pretty sharp elbows and broad shoulders out there. | ||
| So we need our side that really stands up to the things that we stand for to go and ask those entrepreneurs and those business owners, hey, carry this brand because it stands with most of our community stands for. | ||
| So that's another way. | ||
| And last, I'll just say, a dollar from every bottle that we sell goes to the Working Warrior Foundation, which is a foundation we've partnered with that helps vets transition back into the workforce, which obviously is an important cause and one close to a lot of our hearts. | ||
| And so keep that in mind as you're making a purchasing decision. | ||
| One last time, Ryan, how do people get to the site to find out more information about all of it? | ||
|
unidentified
|
WeThePeopleWine.com. | |
| You can go to WeThePeople.Wine if you want to be a little bit more tech forward, but WeThePeopleWine.com works just as well. | ||
| And, you know, it's a quick checkout process. | ||
| Please come and support the brand and support the show. | ||
| Ryan, thank you very much. | ||
| And we're a huge supporter of people building their own brands. | ||
| What he said is so true. | ||
| You don't need to give your money anymore to people that hate you. | ||
| It's not acceptable. | ||
| And we're not going to tolerate it. | ||
| We're going to build our own brands and not just that, start going on offense about the brands that do hate you. | ||
| It's just not acceptable. | ||
| Let's go back to North Carolina. | ||
| We got Ben Burquam. | ||
| Ben, just order a battle. | ||
| What time does the president speak? | ||
| I know sometimes he runs a little late, but what time is the scheduled order of events here? | ||
| Ben, you've been doing great work on the border. | ||
| I know you got the new show. | ||
| How do people get to your social media? | ||
| minutes behind that. So any time between 7 and 7 30, the plane should be landing. | ||
| That's what's so cool about these rallies out on the tarmac. | ||
| You actually get to see the plane land and he comes right off it. It's but we'll be live 7 to 7 30 and then all the way through his speech. Ben, you've been doing great work on the border. I know you got the new show. How do people get to your social media? How do you get to the new show? | ||
| Uh, America's voice dot news. Best place to get it. | ||
| Download the app and then frontlineamerica.com. | ||
| You can get me at Ben Burquham. | ||
| And one last thing I just want to say, Steve, the darkness is getting darker. | ||
| The left wants you to be demoralized. | ||
| But just remember, the darker it gets, the lighter your bright shines or the brighter your light shines. | ||
| That's what's time. | ||
| It's time for Americans to stand up, shine that light, invite God back into this country. | ||
| We win. | ||
| Ben Berquam, Real America's Voice, the intrepid Ben Berquam in North Carolina today for this amazing rally. | ||
| He's absolutely correct. | ||
| By the way, you're starting to see the glimmers of the dawn because we are going to run the tables on these people. | ||
| Okay, stick around for the second hour. | ||
| We're going to get into the details of it, how we're going to win and who we're going to win with next after a short commercial break in the War Room. | ||
|
unidentified
|
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. |
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