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Sept. 27, 2022 - Bannon's War Room
48:49
Episode 2183: The White House Thinks That You Are The Enemy Of The State
Participants
Main voices
m
mike davis
05:17
s
steve bannon
20:16
Appearances
r
rick santelli
01:26
t
tiffany justice
03:30
Clips
j
joe scarborough
00:30
w
willie geist
00:11
| Copy link to current segment

Speaker Time Text
unidentified
This election is a very important election, not just for Democrats, but also for Republicans, also for independents, and anyone who cares about the United States of America.
There is a MAGA Republican agenda that gives no No consideration to the rule of law that has no respect for a woman's right to choose, that wants to defund the FBI.
There is a MAGA Republican agenda that thought that it was okay to attack our nation's capital on January 6th.
I think people will think of all of these things when they go to the ballot box, no matter what their party affiliation is, and I think that they will vote accordingly.
You know I've noticed and I think a lot of people have noticed a certain phrase that you've been using since the very first answer and that's MAGA Republicans or MAGA Republican agenda.
It is a tough line being taken by the president and by you here right now against Republicans writ large.
My question is will the president and will folks in the administration between now And the November 8th elections keep hammering away at that phrase, at that imagery.
Well, I think it will be important for all of us who care about the United States of America to call out what we see.
And what we see again with this MAGA Republican agenda is an effort to disrupt our democracy.
So whether it be through November and beyond November, I think it will always be important to call out any effort there is to destroy, essentially destroy the United States of America.
President Biden has been very clear.
He wants to work in a bipartisan effort.
He has worked in a bipartisan effort.
He's been able to get things done on behalf of our country.
But when you have a MAGA Republican agenda that has no respect for the Constitution, that has no respect for free and fair elections, then it is important for all of us, not just the president, not just me, for all of us to call it out for what it is.
It is a danger to our democracy.
is a danger to our way of life.
joe scarborough ▲ ● ▼
You have conservative, so-called conservative thought leaders that are now openly saying that Western democracy does not work.
Liberal democracy does not work.
They choose the illiberalism of Italy, the illiberalism of Hungary, the illiberalism of Russia.
And it's all about exacting revenge on your opponents instead of doing what's best for your constituents.
unidentified
Yeah, it absolutely is.
It's what happens when a criminal organization achieves power, seizes power in the United States.
I mean, maybe we're lucky that it never happened in the 200 plus years before this, but how do you distinguish Trump and the people around him from A criminal organization.
Are they more criminal or more authoritarian?
It's hard to, you know, it's hard to pick.
You can go either way on a given day.
And so now we're facing the midterms and we're looking at the prospect, you know, what happens if Republicans do manage to take the House?
I think it's just all revenge all the time.
That's their own.
They have no plan for governing and they have no interest.
Really, in governing.
It will all be about revenge for, you know, Trump got impeached, so let's impeach Biden.
I mean, that'll be the ultimate.
But dragging Biden cabinet members up before hearings, Benghazi, Benghazi, Benghazi, only it'll be something else.
That's what's happened to the Republican Party.
It is shocking, a shocking example of devolution into, you know, again, what's essentially a criminal-slash-authoritarian organization.
steve bannon ▲ ● ▼
It's Tuesday, 27 September, in the year of our Lord 2022.
We're exactly six weeks away from the most important midterm elections.
Since the Civil War, 1862.
And you see that they've seen the math.
And we're going to have Alex DeGrasse on in the second hour to go through the math.
Besides all the suppression polls and spin and all the ridiculous headlines, they understand what MAGA is going to deliver.
They understand what this audience is going to deliver.
They understand that we are going to deliver Democracy with a capital D and a massive victory, both in the House The Senate, school boards, town commissions, everything, because we're taking this country back village by village.
And it's not about revenge.
It's about accountability.
It has nothing to do with revenge.
It's about accountability.
Remember, vengeance is a dish that's best served cold.
OK?
And this is coming in hot.
So this is not about revenge.
It's about accountability.
And the two articles of impeachment will be the invasion of the southern border.
Right.
Everything regarding that.
The second will be about the financial compromise of the Chinese Communist Party and the Biden family.
But there you see the very understated rhetoric.
The first individual is actually a White House official and she's a relatively senior White House official.
I don't believe in the history of this country, including in the run up to the Civil War, any White House official has ever come out and said, you know, at least about 50%, and I would say two thirds of the American people, that they're out to destroy the United States of America.
They're out to destroy the United States of America.
This is a, by the way, she wasn't reprimanded.
She wasn't fired.
She wasn't sat down and talked to that were a danger to the Republic.
That we don't believe in the rule of law.
And of course, I think the Pulitzer Prize winning columnist for the Washington Post there on Morning Mika, the Republican Party is a criminal organization.
You're a criminal organization.
You're like the CCP or like Putin's KGB.
You're a criminal organization.
Oh yeah, you're authoritarian, but you're a criminal organization.
Have they ever, even in Nixon, have they ever had this kind of rhetoric?
Here's what it is.
It's full panic mode.
You notice they don't come back and talk about inflation, talk about immigration, talk about, by the way, what they're losing as the NBC poll shows, border security, immigration, the economy, inflation, never any debate about that, any debate about what they've done to this economy, no debate about what's really, how do you really turn this country around?
They won't debate on that.
Now it's complete, absolute, total panic mode, scare tactics.
So that you can see over the other side of the hill, don't think this rhetoric is going to get toned down.
It's only going to get more frantic.
I think, quite frankly, more dangerous, more, you know, just with their hair on fire.
And this is what's going to happen about governing after we have this blowout six weeks from tonight on November 8th.
If you think they're just going to say, if you think that crowd The Uniparty, the Wall Street, the corporatists, the media, the social media oligarchs, which Mike Davis will tell us about in a second.
If you just think they're going to sit there and go, man, this is really terrific.
This is like 16.
You know, the War Room and Bannon and Cortez and Navarro and Mike Davis and, you know, Tiffany Justice, the Moms for Liberty, the Moms for America, Sharona Bishop, all the, you know, Royce White, all these individuals that come on here.
That's terrific.
And they've got these congressmen like Joe Kent, and they've got these congressmen like, you know, all the congressmen that we're supporting, you know, Caroline Leavitt, all these people.
Isn't this terrific?
Let them make decisions to end the Biden administration.
It is only going to get 10x worse.
10x worse.
10x worse.
And that's why you have to keep your composure.
You have to just understand.
We're now going to the phase of this.
Where we need steely resolve.
Right?
Whether it's protesting or doing these prayers around the drag queens in Chattanooga and throughout Tennessee as we heard last night.
Because they're trying to trigger us.
We have to have steely resolve.
We have to understand what the objective is.
Go back to 12 o'clock high.
All we gotta do is get the planes in formation over the Ruhr Valley.
Right?
We gotta drop the bombs.
The metaphorical bombs on the enemy here, right?
Nothing else matters.
It's all about the objective.
Your personal life doesn't matter.
Your likes or dislikes don't matter.
Your anger doesn't matter.
Just get steely resolved.
Because the New York Times is telling you.
That's why they put the editorial out.
You're the lead editorial in the New York Times of the weekend.
And Joe Kent's, the great Joe Kent's on the cover.
And what do they say about it?
They say, this is the race.
That defines the midterms, right?
I mean, they nail it.
They say this is the race that defines the midterms.
Our own Joe Kent.
By the way, they're going to do the debate tonight.
We're going to be up on Getter.
Captain Bannon is going to be hosting an event.
I'll be in and out of it.
Joe Kent.
They say this is the one, our political future.
Joe Kent versus opponent.
This show, this audience.
So it's steely resolve because the rhetoric's only going to get crazier and they're only going to do crazier things.
And now they're really triggered because Gaetz came on yesterday and actually talked about impeachment.
Joe Biden is getting impeached.
Let me just be blunt.
He's going to get impeached.
He's going to get impeached.
David Axelrod had this tweet out.
It's not, oh, we're going to impeach and think about it later.
No, sir.
There's two very specific arguments.
There's going to be hearings and investigation, not going to just have an impeachment vote.
We're going to show the nation what happened on this invasion of the southern border.
Here's why.
The 4.9 million that came in are all going home, right?
We're not going to just sit with this.
It's going back, going home.
The few that may be actual legitimate asylum cases can stay, but everybody else is going home.
The 4.9 million and more, right?
Because people, you know, our guys on the board say they think it's 8 million.
That's not going to stay.
And every penny that you took from the Chinese Communist Party, we're going to account for that and see the compromise in the Chinese Communist Party and your entire family.
Those are two articles of impeachment.
Bang, bang.
Maybe more, but those are two.
They're legit.
And by the way, it's going to be regular order.
The Democrats are going to have a ranking member, and they're going to have minority council, which you didn't have in the show trials, right?
That's why they got no traction.
Oh, another show trial is coming up, what, tomorrow afternoon at 1?
It's so popular.
Cable TV voted, hey, let's do it in prime time.
Hup, hup, hup, wait for the vote.
Yep, nope, not going to do that.
Of course, Zoe Loftusen says, you know, it's really because we get a bigger audience, because Fox may cover us during the day.
Let me go to Mike Davis first.
I'm bringing in Cortez in a second.
Mike, I know we've got other things to talk about, but give me your assessment of this rhetoric you see coming.
You're a member of a criminal organization, and you, Mike Davis, are out to destroy the United States of America, sir.
mike davis ▲ ● ▼
Yeah, this is coming from Keisha Bottoms, who is the mayor of Atlanta and is now one of the senior advisors to President Biden.
This is a very senior post, as you said, Steve, and it's pretty stunning.
I mean, this is it's pretty amazing that the Biden administration and Democrats are talking about political violence in this country when they had their BLM and Antifa supporters cause Billions of dollars in damage destroy American cities and kill dozens from June of 2020.
For many, many months, they cheered them on, and Vice President Kamala Harris is still raising money to bail out rioters on her Twitter account.
So it's amazing to me that they're trying to say that Republicans are the violent ones, that this is the same Biden White House that encouraged illegal, threatening, intimidation campaigns outside of Supreme Court justices Holmes, while they were deciding a pending abortion case, this led to Supreme Court justices and their families being moved to safe houses.
It led to a 1 a.m.
assassination attempt against Justice Kavanaugh's wife, Ashley, and their two daughters.
This is the same Biden administration that has done nothing about the fire bombings of Catholic churches and pro-life crisis pregnancy centers, yet they want to hunt down They want to hunt down pro-life activists and do a home raid with dozens of FBI agents because a man was protesting outside of the abortion clinics.
Attorney Joe Biden and Attorney General Merrick Garland have completely politicized and weaponized the Justice Department, and they're using it to go after their political enemies.
They're going after Trump.
They're going after Trump on these non-crimes related to his having his presidential records in Mar-a-Lago.
They've waived 250 years of executive privilege going back to George Washington to go after President Trump's top advisors, you Steve, Peter Navarro, White House Chief of Staff Mark Meadows, even White House Counsel to the President Pat Cipollone, they're doing subpoenas for all of these Trump supporters because you dare question the election?
I didn't realize it was a crime to question elections in democracies like America.
I thought it was only a crime to question elections in third world hell holes like North Korea.
It's the Democrats, it's the Biden regime that have politicized and weaponized law enforcement, but not the other way around.
steve bannon ▲ ● ▼
It's Cortez.
Give me 45 seconds on your expert messaging.
What do you say about the messaging you just heard?
unidentified
Well, Steve, listen, we are in the populist nationalist right.
We need to know what time it is in America.
And if you're not sure, please go back and watch Joe Biden's despicable red sermon In Philadelphia, because he told us, he laid out in the most brazen terms what he thinks of us, of citizens, not of his political opponents in the arena, of elected officials, of activists, okay?
Not sort of fellow combatants.
What he thinks of regular citizens.
Know what time it is in this country.
steve bannon ▲ ● ▼
Steve Cortez, Mike Davis, short commercial break.
We're going to get into big tech and the oligarchs, also the economy, and specifically the bond market.
All next in The Worm.
unidentified
We rejoice when there's no more.
Let's take down the CCD.
willie geist ▲ ● ▼
For our viewers and remind people what the existing Electoral Count Act is.
There's been some attention around it obviously in the last couple of years and what you believe needs changing to it.
unidentified
Sure.
And first, I want to thank you guys for being the check on the lies, the check on the conspiracy.
And part of being a check is the job we have to do today.
And that has taken 1877 law, put in place during the Rutherford B. Hayes era, And make sure that we have a democracy and a process that basically reflects the will of the people.
Because you know what happened.
January 6th is not just a date.
It was a date that we were counting the electoral college votes.
Pretty much a ceremony, but it became a rallying cry for the insurrectionists.
So what we're doing here is updating the lots.
Bipartisan, Senator Collins and Manchin headed up a group of senators with Senator Blanche and I as heads of the Rules Committee, working with them.
And today, we're going to get this bill out of committee.
What it does, makes it clear.
Vice President, ceremonial role in this game.
And by the way, I would play this whole thing.
steve bannon ▲ ● ▼
First off, Senator, it's the Electoral Count Act of 1887.
Let's just get the basic facts right.
OK, ma'am.
This is the trying to, you know, for something was so illegal.
And by the way, we don't need any changes to this.
It's perfect as it is.
Perfect.
Perfect.
What they're trying to do is to try to Cover up what they've done in the last year by changing it.
If all these laws were broken, why do you need to change it?
Why do you need to change it?
Mike Davis, this is exactly what they tried to do.
Ma'am, it's the Electoral Count Act of 1887.
And you should understand the history of how it came about, which obviously you don't.
Mike Davis, I want to spend time on the big tech, but this gets me that they're up there in a bipartisan.
Remember, anything that's done bipartisan with this regime is a disaster.
Look at the American Recovery Act, look at the Infrastructure Act, look at the Build Back Better.
Anytime you get these weak Republicans, many of whom Trump endorsed, let's be blunt, Trump endorsed in the Senate.
We have another disaster, another disaster, and you're about to have one here, Mike Davis.
mike davis ▲ ● ▼
Well, I would say this.
If the Democrats have such a problem with this Electoral Count Act, why did they use it to object to Republican wins in 1968, 2000, 2004, and 2016?
object to Republican wins in 1968, 2000, 2004, and 2016.
It seems to me that if Republicans object to Democrats, to the Democrats, it becomes an insurrection, but when Democrats object to Republican presidential wins, It's just, you know, it's happened four times in the past.
This is distraction.
This is nonsense.
This is unnecessary.
steve bannon ▲ ● ▼
Well, hold it, hold it, but they're taking, it's also opportunity costs.
They're up.
This is totally performative.
And now they're trying to, and now they're trying to redo this thing, which is fine as it is.
It ain't perfect, but Hey, it's fine as it is.
They're trying to take it away so that you can't actually contest.
These are going to have 20% of, you're going to have to have 20% of chambers or 20% do it.
They're trying to read totally redo this, but they should be spending their time on the, tell me what's happening with, with taking.
apart the tech oligarchs, which is a burning issue for the American people, sir.
mike davis ▲ ● ▼
Yeah, so this is going to be an important week for the tech fight. There is a very modest bill that's working its way through the House of Representatives now.
It's H.R.
3843, the Merger Filing Fee Modernization Act of 2022, and it combines three bipartisan big tech antitrust reforms into one package.
It's a modest proposal.
It gives the state attorneys general the ability to bring antitrust lawsuits against Google, Amazon, Facebook, and Apple.
the federal districts in their home states instead of getting dragged out to to tech friendly judges in the Northern District of California and having their cases tossed out.
There's a provision that allows for merger filing fees when Google, Amazon, Facebook, and Apple try to acquire businesses they this will have a filing fee so we can increase our antitrust law enforcement and And there's also a critical provision on foreign merger subsidy disclosure where it essentially roots out when the CCP is trying to buy American companies and have too much on American companies.
This is a modest proposal.
This is time for Republicans who pretend that they want to hold big tech accountable.
This is time for them to put up or shut up.
steve bannon ▲ ● ▼
Mike, how do people get to Article 3 to find out more?
We'll have you on later in the week, obviously, to go through the Trump, but it looks like that's losing steam, the fiasco in Mar-a-Lago.
How do people get to you in the interim?
Social media, which you're coming a little hot on, particularly on Twitter, and your website?
mike davis ▲ ● ▼
Sure, it's article3project.org, article3project.org, at article3project, at article3project on Getter, Twitter, and Truth, and my personal M-R-D-D-M-I-A, M-R-D-D-M-I-A, and thank you, Steve.
steve bannon ▲ ● ▼
Can I just make an observation?
I take it that the big bill we were hoping for is not there because the lobbyists all got, all the law firms and lobbyists, everybody got paid, so that's why we're not doing the big bill?
Is that where we stand right now?
mike davis ▲ ● ▼
That's correct, but let's get these modest proposals done and build momentum, but it sounds, I think Republicans need to stop taking Google, Amazon, Facebook, and Apple money because they're bought off.
unidentified
Ooh.
steve bannon ▲ ● ▼
Okay, brother.
You're right.
We'll start naming some names here shortly.
Thank you, sir.
unidentified
Thank you.
steve bannon ▲ ● ▼
Mike Davis, always at the tip of a fight.
Let's play the cold open.
Steve Cortez has been doing a lot of work on some math here.
Let's show Steve Cortez in his latest Chalk Talk.
unidentified
Patriots, there is a bond market revolt against Joe Biden and his inflation, meaning as bond prices tank lower, interest rates spike skyward.
Let's look at the recent history of interest rates since the beginning of the Trump presidency using 10-year Treasury yield, which is the benchmark interest rate not just for America, but for the entire world.
And until recently, in these past years, interest rates in the United States have been low and stable.
10-year yield, mostly in the ones and twos.
But now, because of Biden, it spikes upward to the upper threes, threatening 4%.
Now, this is terrible for many parts of the economy, things like home mortgages and car loans.
But it's also awful news for the federal government and the aspect of interest expense as a percentage of the budget.
So according to the CBO, this year, We're gonna spend $400 billion nationally on interest expense.
But that number for the federal government, because of this rise in interest rates, in five years it will be twice that much.
In ten years it will be three times that much.
To 1.2 trillion dollars just on interest.
Making interest payments in coming years the biggest single spending item of the federal government.
More than defense, social security, medicare, patriots.
We have to stop this madness and fix this mess starting on November 8th.
steve bannon ▲ ● ▼
Okay, Steve, by the way, I really want to thank you.
That's brought to you by Getter.
Getter is the platform that all of us are on, and it's been an amazing platform to get the message out and interconnect people.
I think I've almost got a million followers right now, and engagement like I've never seen before.
Cortez, we're doing live.
Quite frankly, our show in Rome is on Getter.
We're going to do the Joe Kent thing tonight on Getter, so it's incredible.
You get Cortez all the time.
Cortez is always doing live things, so make sure Everybody should go.
It's totally free.
Just sign up for Getter.
It's easy to use, even if you're tech challenged.
Steve, this is, I think, financially, the most important thing we need people to think about.
Number one, there's no safe haven anymore to put your money.
Investment-grade securities are getting crushed.
They're in a bear market.
They're getting crushed as bad as stocks.
And stocks are getting crushed worse because the earnings are all phony.
That's all going to collapse.
They're just lying to you on Wall Street.
But people are not focused.
This interest expense And they're coming back with another orgy of spending.
Remember, right up on Capitol Hill right now, their fight is, is it a short CR or a long CR?
And is Kevin McCarthy going to have control or Nancy Pelosi?
That's all fine.
But it's still, it's 2021 numbers.
It's another trillion and a half dollars.
Your point that in, just over the horizon, the interest expense, because we've been living in a fantasy, is this thing went from $6 trillion to now $40 trillion.
That's where we are when you combine both the Fed and the Treasury.
It was all zero interest rates.
It was free money.
It was easy money because they just printed it.
This is going to get to be, ladies and gentlemen, this is why the politics of money is before you.
This will be a massive finger pointing, like how do we do this?
How did this happen?
How do we, how do we not, how we got cut the defense department?
How do we have to shut down all these agencies?
How do we have to zero everything?
Because we're just paying interest, sir.
unidentified
Right.
No, Steve, and listen, what Joe Biden has done, it's bad enough for the here and now.
It's terrible for the here and now.
But it's even worse for the future.
And I don't mean the distant, distant future in decades and decades.
I mean in just a few years.
So we are literally mortgaging our future.
We've been running deficits that are too big for a long time, but they were at least manageable at low interest rates.
Once Joe Biden came into office, and absolutely exploded inflation, and it was a created crisis.
It was not the business cycle.
It wasn't just the natural turn of events in the economy.
He did three things.
Number one, he attacked domestic American energy production, which caused energy prices to explode.
That was the genesis.
That was the first real birth of this inflation explosion.
Then, he took in a country that was already borrowing and spending too much, and he put it on steroids.
Absolutely exorbitant borrowing and spending.
And then the third aspect, which is the most important for the rest of the world, is he escalated what should be a regional struggle in the Black Sea that should be pretty immaterial to the global economy, and he turned it into a global crisis and a global conflagration.
When you put those three factors together, that confluence has resulted in an absolute spike in inflation and a concomitant massive rise in interest rates that makes the deficits we are already running Totally unsustainable.
And when we look over the horizon, when we look around the corner at what's ahead, and by the way, I gave CBO projections there, which I think are actually way too rosy, way too optimistic.
I agree.
But Steve, I'm trying to not look like I'm massaging the data to fit my view.
So I'm using the CBO.
Even at their projections though, Steve, even at their projections, very soon, the number one department of the federal government, the number one agency effectively, is going to be debt payment.
And I don't know that the American people are ready to face that reality.
That guess what?
Grandma is not going to get her check because we have to pay interest.
steve bannon ▲ ● ▼
Grandma's not gonna get his check, and let me tell you about the grandkids.
If you're under 35 years old, take your number two pencil out and write this down.
Here's the phrase.
Debt slave.
Debt slavery.
unidentified
Yes.
steve bannon ▲ ● ▼
Debt slavery.
You are a debt... You used to be a Russian serf.
It's gonna get worse.
You're about to be a debt slave.
This is gonna destroy your opportunities to create vibrant, robust businesses.
This day, and by the way, it's all mathematics.
This is not the opinion of Steve Cortez or the opinion of Steve Bannon.
It's laid out, and I agree.
We're going to actually look at other forecasts in the days ahead, because I agree, the CBO is actually too rosy.
Okay, short commercial break.
Cortez, Tiffany, Justice, Sandy, Smith, all next.
Only in the War Room.
unidentified
We rejoice when there's no more.
Let's take down the CC.
You 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 pie in the sky valuations and returns that many were getting with virtually no risk.
steve bannon ▲ ● ▼
Okay.
That's Rick Santelli.
And you never see Rick Santelli say, buy the dip, right?
Rick Santelli is a truth to power guy from the Chicago pits.
He was the guy that gave the rant that really started the tea party back in the spring of 2009.
Cortez, you're going to be with me for a while, but I had to play this.
This was Santelli from a week ago.
Look what's happened in the 10 days or week since Santelli said that.
He's a truth to power, and he really was channeling what we've been saying on here.
The entire global structure has been based upon free money, easy money, right?
And that's all gonna crash down around your head, and who's gonna pay for it?
The people that are holding investment-grade securities, a government bond that you say is, it ain't a stock, I'm not buying some internet stock, I'm not buying crypto, I'm buying a government security, and you're down 20%, 22%.
The greatest fall in bond prices, what, since the 1920s?
Basically since they started keeping track of it, right?
unidentified
Right.
steve bannon ▲ ● ▼
I don't think they kept track of the Civil War bonds and what happened to the railroad bonds in the 19th century.
This is your life, ladies and gentlemen.
And if you think there's a magic wand that's going to come and just put some fairy dust on this, it's all going to be better.
You are incorrect.
And we would, Cortez and I would love to sit here and give you the sunlit uplands, but it ain't going to be any sunlit uplands for a while.
This country, as they said, very difficult lessons, pretty difficult lessons.
We're going to pay for all of this.
Okay?
We're going to pay for this radical regime.
Elections have consequences, and stolen elections have catastrophic consequences.
And that's why they're all scrambling right now.
The MAGA guys are so radical.
Hey, look at what you've done to the capital markets in the world.
Look at what you've done to the global capital markets.
Steve Cortez, price is truth, brother.
Now more than ever, Steve Cortez, your thoughts?
unidentified
It sure is.
And the truth is painful right now.
That's the reality.
And Rick Santelli, by the way, Friend of mine from many years ago, before he and I were ever on TV, either one of us, from trading the futures and options markets in the Chicago Board of Trade.
He's a wonderful guy, and he is absolutely a truth teller, and he is correct here.
And the reason I know he's correct is not just my opinion, because when I look at market prices, and price is truth, when I look at market prices, he has proven exactly prescient.
And what is going on right now is that asset classes, Steve, that were considered to be safe, that have historically acted as stores of inflation, Have in fact become some of the most volatile, most risky asset classes in the world.
And that matters a lot, not just for traders, not just for asset managers, it matters a lot for Main Street.
It's one of the key reasons why, for example, most Americans are now priced out of the housing market.
Okay, to connect the dots here.
But let me show, too, because you mentioned investment-grade securities.
If we can pull up chart number one, please.
I think it's worth showing.
We showed this yesterday, but I want to show it now with more history.
So, these are investment-grade corporate bonds.
So, they're corporate bonds, but they function almost like government securities because these are such high-quality companies that investors consider these to be practically risk-free.
These are blue-chip companies who have historically always paid their debt on time.
And so this is typically an asset class for grandma.
It is an asset class for insurance.
It's where you put your money to be safe in normal times.
And normally, they're pretty boring.
So this is the LQD.
That's the ticker.
So it trades like a stock, but you're not buying a stock.
You're buying investment-grade corporate bonds in this ETF, this exchange-traded fund.
And I pointed out yesterday, the damage this year has been horrific.
It is down 22% on the year.
But the reason I wanted to show more history today is to compare it to the spring of 2020.
Because the spring of 2020, economically speaking, absolutely unparalleled in this country.
We just hadn't seen times like that before.
We had never had the American economy completely shut down.
So corporate bonds, there was a real risk, even in high-grade corporate bonds, high-quality corporate bonds, could they be repaid.
So as that chart shows, you did have a massive downdraft, but it was incredibly quick, and the market recovered almost as quickly as it went down.
It normalized extremely quickly.
The point I'm making now is, if you look at that chart, Prices are lower now than the worst moments of the spring of 2020.
Think about that, Steve.
Now, in the spring of 2020, we had no control over the epidemiological Pearl Harbor that hit this country, okay, because of the CCP.
We had no control over that.
We had control over the lockdowns, and we way overreacted, but that's another story for another time.
The point is, we didn't have control over the virus.
Now, we have complete control.
This is a totally created crisis because of the policies of Joe Biden Nancy Pelosi and Chuck Schumer.
This is completely created.
There was no exogenous event.
The CCP didn't do this to us.
We did it to ourselves.
steve bannon ▲ ● ▼
This is a perfect transition point.
It's a created crisis.
We go through this.
And this is what's on the front of people's minds.
We're about to have Tiffany Justice and Sandy Smith running in North Carolina 1.
We're also going to have Alex DeGrasse to walk through mathematics.
Because the Democrats are going to do everything to change this conversation.
The one thing they don't want to look at is what they've done to create this crisis.
That's why we opened with a cold open.
You're all fascist.
You're dangerous to the country.
It's all about democracy.
Hey, here's what the interest people have in the J6 committee.
It's a one o'clock show tomorrow or Thursday, whenever it's playing, one o'clock in the afternoon.
They can't even get MSNBC to put it on primetime and cable.
They're trying to change the conversation.
Let me go to Steve.
unidentified
Hang on.
steve bannon ▲ ● ▼
You're going to come back.
We have more to talk about.
Tiffany Justice, you were on yesterday, Fetterman's wife, Fetterman's running in the Commonwealth of Pennsylvania, about this situation up in York with the Moms for Liberty, about these books, and people gotta understand, the librarians are putting just hardcore pornography.
Hardcore gay pornography, let's be blunt, in these libraries and parents are like completely saying this is not acceptable.
I think she called you a liar or the Moms for Liberty a liar.
Who is right here?
What's going on up in York?
Why would she intrude herself into this?
And what do you have to say about it, ma'am?
tiffany justice ▲ ● ▼
So just to be clear, there's a Marxist, literally a Marxist, self-proclaimed Marxist that is now in charge of the American Library Association.
So look that up, Google it, take a look, you can meet this nice lady.
But yes, so John Fetterman's wife yesterday tweeted something out about Moms4Liberty and said that we were anti-women and anti-women going into STEM.
And I'm here just to let Giselle know that I'm a woman.
And I have a daughter, and our entire organization is really women working together, collaborating, and we empower women all across the country.
And I know very much that the Fettermans and other people would like to think that we're dark money or somehow manufactured.
I've heard AstroTurf before.
That's a lie.
And it's important that, as you say all the time, speak truth to power.
So I'm here to tell Giselle and everyone else, we love women and girls.
We want lots of girls to go into science, technology, engineering, and math.
I served as a school board member, as did Tina Deskovich, the co-founder of Moms4Liberty, and we were involved in many specific programs trying to get girls into science and technology and coding.
So this all came from an author who was desperate to sell her book, who decided that she was going to throw Moms4Liberty under the bus.
And unfortunately, media in this country was all too happy to help her to do that.
So just a call out to Newsweek.
I know they have an opinion editor there.
I believe her name is Bacha Unger Sargon.
She wrote a book that was called Bad News, How Woke Media is Undermining Democracy.
And I just want to hear from Newsweek here, because I think this was clickbait, race baiting.
They entertained an author who lied.
Steve, as I told you yesterday, it took us like 21 minutes to debunk this, to fact-check this claim.
We went right to the district.
steve bannon ▲ ● ▼
Well, Josh Hammer, I mean, the opinion side over there is pretty good, so we'll get to the bottom of that.
Or at least they're open.
They're open to have multiple points of view, not just wokeness.
Why would she intrude right now?
She's not trying to pick a fight.
What they're trying to do is to cover up something.
They're trying to cauterize a wound.
What is it that Fetterman's don't want?
By the way, Ms.
Fetterman, my daughter is a graduate of West Point and minored in, I think, military engineering, right?
We love women that are in STEM.
We love women that are engineers, technology, science, math.
We're a huge supporter of that.
You'll never find MAGA weak on that point.
We're huge believers in STEM.
Classical education too, but STEM has got to be a key part of it for minorities, women, everybody.
That's the future.
So, what, I don't understand.
They're trying to cauterize them all.
What are they worried about?
What are they worried about in the Commonwealth of Pennsylvania that she would jump into this, ma'am?
tiffany justice ▲ ● ▼
I think that Giselle is very worried that her husband is having trouble with complete sentences.
to be honest with you and they very much want to distract from the issue of the fact that it seems increasingly that Mr. Fetterman may not be able to handle elected office right now and so this is just a distraction. You know Steve people are entitled to their own opinions but they're not entitled to their own truth and their own facts and there are facts here at play that are important.
Mark Twain I think was famous for saying that the truth travels around the world before, I'm sorry a lie travels around the world before the truth has a chance to put its boots on.
So just for Newsweek for anyone else we're getting death threats. Our moms are being accused of being racist because of this article and it has been reprinted and commented on and retweeted all.
All over social media.
So, again, if you can help us to spread the truth.
Our moms are very concerned about obscene sexual content in books.
And if you'd like to have me come back on, I can do a little slideshow for everyone.
Perhaps we need to do like an after hours war room.
Because what I could show you is extremely graphic and will probably make me blush.
steve bannon ▲ ● ▼
It's pornography.
It's pornography.
They cut the mics off of the thing.
This is the one time they cut the mics off because the stuff's so brutal, but it's in their school libraries.
Tiffany, how do you get to Moms4Liberty?
We're going to continue this.
We're not going to get off this.
This is a massive issue.
How do people get to you?
How do people on social media, how do they get to Moms4Liberty?
tiffany justice ▲ ● ▼
If you want to support empowered women, moms and dads, taking back and reclaiming public education and defending their parental rights, go to momsforliberty.org.
We have a big map on that website.
You can click on your state, see if you have a chapter.
If you don't have a chapter, click to start one, or you can donate to us.
We're working very hard all across the country to defend parental rights.
If we don't have parental right, if parents don't have the right to direct the upbringing of their children, you know, we talk about a lot of things on this show, Steve, but that's the fundamental right that needs to be protected in America.
steve bannon ▲ ● ▼
Key that picks the lock.
Tiffany, Justice, thank you very much for joining us here.
Appreciate it.
tiffany justice ▲ ● ▼
Thank you.
steve bannon ▲ ● ▼
Do I have time for the Sandy Smith cold open?
Can we go ahead and play it?
Let's go play the Sandy Smith cold open, then we'll bring in Sandy.
Okay, I guess we're not going to do that.
Denver has a different idea.
Let's bring in Sandy Smith.
Sandy, you're running North Carolina 1.
I just want to say, you gave of all the speeches at the North Carolina rally, and they were fabulous.
Yours was incredible.
I mean, actually incredible.
We had Ben Berquam, and I go, who is that?
And he goes, Sandy Smith.
I said, we got to get it on the show right away.
I tell you what, Sandy, you hang on right there.
We're going to take a short commercial break.
We're going to get your cold open booted up.
We're going to introduce you to Sandy Smith from North Carolina One.
She is a fire breather.
Okay, short commercial break.
We're back in the room.
We got Dave Walsh.
We've got Alex DeGrasse, we have Steve Cortez, we got Sandy Smith, who's put it all on the line down in the Tar Heel State.
This show is packed!
Also, Joe Allen has discovered some very disturbing information about the funding, the massive funding that's really coming in back of that radical executive order, the executive order on transhumanism.
All next, only in The War Room.
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Let's think about that single mom that lives just down the road, who's simply just trying to fend for her kids.
She can't afford the $3 for milk or eggs, $10 for chicken.
All she wants to do is feed her kids.
That's right.
It's terrible.
Now think about the trucker.
Who drives hours and hours to bring us our food and is barely making it because Joe Biden has his government mandates that are just bogging him down and he cannot afford the cost of diesel fuel.
Joe Biden is destroying our America.
Our country was much better off under President Trump.
steve bannon ▲ ● ▼
Okay, a firebrand took center stage at this great rally down in North Carolina for North Carolina One, running for the U.S.
Congress, Sandy Smith.
Sandy, right there, that is plain spoken power, because that's how you win.
Walk us through your race, walk us through how you're doing, and what are folks in the Tar Heel State, in your district, what is most on their mind?
Ma'am.
unidentified
Hi Steve, thanks so much for having me on.
We had a great time at the rally.
The folks are so fired up in regards to having an opportunity to make history and have new leadership under this district.
Inflation is killing families here.
We can't afford the gas prices, which are right now artificially low, but we know after November 8th, they are going to pop back up.
We have families that can't put food on the table, and they're really worried about You know, crime that's just rampant in their communities.
We have fentanyl that's flowing across our borders, killing our families, thousands and thousands of young people.
And, you know, people are just extremely worried about the direction that the radical left is taking our country.
steve bannon ▲ ● ▼
Is the rejoinder from your opponent, what we've seen as we go around congressional districts throughout the country, it's abortion.
And, uh, in January six that, you know, you're a MAGA Republican, you're an insurrectionist, democracy's in peril and abortion, abortion, abortion.
Is that, are they engaging you on these topics to make a case of why their economic policies are actually, actually, um, not just winners, but actually makes sense for working class and middle-class Americans, ma'am.
unidentified
Absolutely.
That's why they're pushing the abortion issue.
They're pushing the January 6th, you know, fabrication of an insurrection.
They don't want to talk about the issues.
They don't want to talk about them sexualizing our children in the classroom.
They do not want to talk about inflation.
They don't want to talk about family suffering.
They have no solutions.
And that's why they're trying to pivot and keep the focus on abortion and crazy things, you know.
All that stuff, because they have no solutions.
steve bannon ▲ ● ▼
When you go throughout your district, what's on the top of mind of not just Republicans and not just Trump voters, but independents, moderate Democrats, when you go throughout and knock doors and talk to people, what is on the top of their mind?
unidentified
They want us to take care of our veterans because we don't do a good enough job taking care of veterans.
Matter of fact, people don't know.
That our active military families are having to depend on food stamps to feed their kids.
That is totally unacceptable.
They're also focused on jobs in their community.
We are a very rural area, and we've been neglected.
We've had the same representative for over 20 years, and we've gotten nothing, with the exception of maybe a bus stop that was named after, or a bus station, I should say, that's named after the representative.
But folks want opportunities.
Their families are having to leave because their kids can't get jobs.
So, you know, it's really, really affecting folks here in Eastern North Carolina.
steve bannon ▲ ● ▼
So what do people need that this audience, the volunteers, you know, you got a massive audience here, just tell folks what you need, what assistance, what they can do, whether to be, you know, work the phones for you, help knock doors, you, you, you name it, just walk us through how they get to how to get your campaign, how I found out more about you, because your speech at the end, there were great speeches.
But yours really stuck out as you're just a firebrand, right?
And so I think it's incredibly important that you win this race.
So how do people find out more about you?
How do they find out more about your campaign?
unidentified
They can go to SandySmithNC.com, sign up to help there.
We are on a fundraising crunch goal right now.
We're trying to raise $100,000 before the 31st.
The Democrats have already put in $1.2 million against me, and we have to make sure we have the ammo to fight.
If we have the ammo to fight, we win this race, and we then can start fixing our country.
And you're absolutely right.
You mentioned a magic wand.
It's not a magic wand that we can wave.
It's going to take time, but if we do not right the ship in November, I'll just say it, we're screwed.
Our country is screwed, the direction the Democrats want to take us.
steve bannon ▲ ● ▼
Sandy, one more time, how did they get to you on social media and how did they get to your campaign?
unidentified
SandySmithNC.com and they can make phone calls from any place in the country.
So you can help if you live in, you know, Iowa, California, Texas, you can help my campaign.
Um, if you locally, you can knock doors.
We actually have people coming from out of state knocking doors for us.
They just see how important this race really is.
And, um, you know, of course the financial support really gets us The opportunity to put the commercials and the radio ads, you know, and they want to, and basically, you know, rebuttal the attacks and everything that the left is putting.
steve bannon ▲ ● ▼
Sandy Smith.
We look forward to spending a lot of time focused on this race.
Thank you very much, man.
unidentified
Thank you, Steve.
Have a great day.
steve bannon ▲ ● ▼
Thanks.
Cortez, you saw right there, that's a fire-breathing populist that takes that stage right before President Trump and just lays down in plain English, kind of like Georgia Maloney.
They just, boom, just lay it out there and then back it up.
Your thoughts, sir?
unidentified
Steve, it's a realistic reason to be optimistic, okay?
We talk a lot about the dire state of the economy right now in this country, and that's the reality, okay?
We'll never sugarcoat it.
But a reason to be optimistic is the candidate crop that we have.
People like Sandy Smith, and there are others like her around the country.
On the House side, John Gibbs in West Michigan, Catalina Laufe in Illinois, Joe Kent out in Washington State.
There is a whole crop The sunlit uplands come through these elections.
We're going to stop the Biden administration starting on the evening of November 8th after we have a massive victory.
who will not join the Washington Uniparty.
So it's a legitimate reason to be really optimistic that we're going to right this shift.
steve bannon ▲ ● ▼
The sunlit uplands come through these elections.
We're going to stop the Biden administration starting on the evening of November 8th after we have a massive victory.
It's all in your hands.
It's all on your shoulders.
The American people.
MAGA.
The deplorables.
Short commercial break.
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