Oct. 19, 2022 - Bannon's War Room
47:40
Participants
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| Speaker | Time | Text |
|---|---|---|
| This is what you're fighting for. | ||
| I mean, every day you're out there. | ||
| What they're doing is blowing people off. | ||
| If you continue to look the other way and shut up, then the oppressors, the authoritarians, get total control and total power. | ||
| Because this is just like in Arizona. | ||
| This is just like in Georgia. | ||
| It's another element that backs them into a corner and shows their lies and misrepresentations. | ||
| This is why this audience is going to have to get engaged. | ||
| As we've told you, this is the fight. | ||
|
unidentified
|
All this nonsense, all this spin, they can't handle the truth. | |
| War Room Battleground. | ||
| Here's your host, Stephen K. Bannon. | ||
| Welcome, it's Tuesday, 18 October in the year of our Lord 2022. | ||
| Packed day to day for news and of course a packed show. | ||
| We're going to start and we're going to talk about an object lesson here for the United States of America, something we must focus on because this crisis that's now engulfing our mother country is going to engulf us Very shortly after November 8th. | ||
| I realize everything that's focused right now is the massive turnout for this 1932 type realignment we could have by winning everything from the school boards all the way up to the House and Senate. | ||
| But we need to look over the hill. | ||
| That's what's to What's to come and get us. | ||
| By the way, lead story in the Financial Times of London today. | ||
| New UK Chancellor rips up Truss's economic policy to soothe markets. | ||
| Absolutely stunning this was done to a Prime Minister. | ||
| Let me bring in the first of our two guests. | ||
| We have Peter McElvaney from Hearts of Oak. | ||
| Peter, thank you for joining us. | ||
| Also Philip Patrick from Birchgold. | ||
| I wanted to get a political expert. | ||
| in a someone on capital markets and economics. | ||
| Peter, let me start with you. | ||
| I got a clip on play for Nigel Farage, the great Nigel Farage in a second. | ||
| Get us up to date on what's happened today. | ||
| And have you ever seen a prime minister humiliated as much as Liz Truss to have this huge she was trying to be Margaret Thatcher deuce to come out and have this really just not just crater, but be so humiliated to have to hire Jeremy Hunt, I think, as chancellor of the Exchequer. | ||
| And he's basically walked back everything that she proposed. | ||
| No, I've never seen, probably the last week that I've ever seen and I have loved politics, always been engaged in politics. | ||
| But the chaos we've seen, and you realise for the first time, that actually, I didn't know who was in control. | ||
| That I see a Prime Minister, I see Parliament, I see MPs, and none of them are actually in control. | ||
| So there are extremely dark forces at play. | ||
| Extremely dark forces. | ||
| Well, I think, Phillip, let me bring in, I tell you, one element that's definitely in charge, or kind of in charge, is called capital markets. | ||
| And the capital markets, which essentially finances these apparatuses, she ran it up the flagpole, as they say on Wall Street, she ran it up the flagpole and the money didn't salute. | ||
| And I've never seen such an epic miss or meltdown. | ||
| Phillip Patrick, your assessment, the dark forces at work, are they the global capital markets? | ||
| Yeah, that's exactly what I was going to say. | ||
| Look, they don't really know what's going on and they're responding to the markets and adjusting policy accordingly. | ||
| You're absolutely spot on. | ||
| They're calling it here the biggest U-turn in history, right? | ||
| They put together a plan That included $45 billion in tax cuts and deficits. | ||
| Markets responded terribly, right? | ||
| Investors' expectations were that inflation was going to surge on the back of it. | ||
| In response, Liz Truss fired Kwasi Kwarteng. | ||
| Jeremy Hunt comes in and reverses, basically cut the deficit by about 75%. | ||
| And obviously, things have really settled down now with the Bank of England stepping in. | ||
| promising to buy bonds to give pension funds the time to unwind their risky positions. | ||
| They had large exposure to the derivative market. | ||
| They were facing collapse. | ||
| So tough situation and the government are responding to the markets, not the other way around. | ||
| You know, Peter used a term, and this is why I want to focus on the UK Bank of England, the capital markets, because in a very small microcosm, it's one of the issues with the And ladies and gentlemen, what you've heard is we often do months and months in advance. | ||
| This is going to be the dilemma this country's in during the lame duck session that's going to happen and then into the next year. | ||
| It's the reason they did the short CR, that the Republicans didn't want to own that, didn't want to take the ownership of the budget cuts. | ||
| Before I go back to Peter, wasn't it really, and this is not really captured in the, everybody's focusing on him dropping the tax part of it. | ||
| What they came up today was, we got to get to the heart of it. | ||
| We have to cut government spending. | ||
| The two things are why they're in a dilemma is the energy situation in England and the productivity collapse related to energy and this metastasizing budget and part of that is the welfare state but this metastasizing budget that just can't be financing now. | ||
| So when Peter talks about the dark forces that's really the money saying you have a business model that doesn't work anymore. | ||
| Yeah, it's absolutely spot on. | ||
| And I've said for a while, and I've said on this show, there has to be some measure of synergy, right? | ||
| You've got a central government and a central bank and at the moment they're fighting opposite sides, right? Central banks are in charge of getting inflation under control, tightening monetary policy. They have to do it to get inflation under control, but the problem is we've got governments doing the complete reverse now, right? Here in the US, you know, running a trillion dollar deficit annually, it's going to be very difficult for central banks to get a handle on this problem without central governments playing | ||
| game and right now it's not happening, at least domestically here in the US, and the UK is a mess at the moment. I don't think they know which direction they're going. Peter, you said to start this, to start the hour off, that for the first time in your life as a student of this, you didn't know who was in charge. | ||
| Do you get a better sense today, and particularly, is coming to Parliament, or coming to Commons now, with big deficit reduction and big, essentially, social welfare reduction, is that going to fly? | ||
| Is the reality sunk into the rest of the people? | ||
| Is this something that has to happen? | ||
| Has that program, not just been explained, but has it been sold enough that it actually is going to become part of British public policy? | ||
| No, it hasn't been sold enough and the people don't really know what Liz Truss is all about. | ||
| She kind of is an unknown. | ||
| She's got there because the others have fallen away. | ||
| She said, right, we need to cut taxes. | ||
| We have a government spending at the highest level since the Second World War. | ||
| Remember, with 13 years of Conservative rule and under those 13 years, the tax take has gone up and up and up. | ||
| This is under Labour. | ||
| This is under Conservatives. | ||
| So she goes back to say, OK, we need a small state. | ||
| We need low taxes. | ||
| We need to look at high growth. | ||
| But again, she brought those cuts in, which have now all been reversed. | ||
| So Jeremy Hunt, the person, remember he was against Boris Johnson whenever Boris ran. | ||
| He was in the leadership running this time, dropped out. | ||
| And he has now stepped in. | ||
| One of his campaigns was he would cut corporation tax to 15%. | ||
| He was all about cutting taxes to energize growth. | ||
| He has now backed off on all of that and torn all those up. | ||
| So people look and they say, what is Liz Truss about? | ||
| Now, she is a conservative. | ||
| She is someone who does want to cut that spend. | ||
| I think we've hit three trillion in the UK, which I know is nothing compared to you guys over in the States. | ||
| But she wanted to actually cut taxes and give people money back to the people. | ||
| The problem is the chaos we're in economically at the moment. | ||
| But then you look back and you think, one, she's been weak because she got rid of her chancellor. | ||
| They've been very close for many years. | ||
| Kwesi has a PhD in economics. | ||
| It's not as if he's a dumb guy. | ||
| He's a smart guy. | ||
| But the markets turned. | ||
| Liz Truss got rid of her Chancellor. | ||
| She thinks she can push on. | ||
| She's only 40 days in. | ||
| She did a disastrous BBC interview. | ||
| She wasn't in the Commons initially, whenever some of the statements were given. | ||
| She doesn't seem to want to own it. | ||
| She seems confused at what's happening. | ||
| And she doesn't know what to do. | ||
| She looks at the chaos and thinks, I don't know what to do. | ||
| She's been meeting with MPs all day today, trying to shore up her position. | ||
| But if it's not Liz Truss, who is it? | ||
| Rishi Sunak? | ||
| Well, big business, big tech. | ||
| That's what you get. | ||
| A man of the IMF, of the markets. | ||
| And maybe that's what the dark forces want. | ||
| They want someone who they can control. | ||
| And Liz Truss seemingly wasn't someone they could control up until two days ago. | ||
| Do you think though that part of it was what I found shocking and from Cortang is that when they had this radical financial plan, which just, you know, steep tax cuts, the deregulation, that's all fine. | ||
| But you always got to back that up with the math. | ||
| What I found was the arrogance of saying, hey, With the mini-budget, you know, it's going to be the end of November at one point. | ||
| At the end of November, people are trading these bonds. | ||
| The pension funds, what everybody's worked for, is collapsing before their eyes. | ||
| And part of the reason it's collapsing is that the pension funds are doing things nobody realized. | ||
| They were leveraged to the hilt. | ||
| And it should have been for hedging themselves. | ||
| It wasn't. | ||
| It was the juice returns. | ||
| So all of a sudden, you're starting to see all these problems. | ||
| The Bank of England's only got so much money it can print. | ||
| Did you find their arrogance? | ||
| When they put out a plan, they only kind of gave you the sugar on top. | ||
| They didn't give you the reality. | ||
| And they were arrogant about saying, no, we're going to wait until the end of October, the end of November to put the numbers. | ||
| Do you think that hurt them? | ||
| Well, Liz Truss has said, oh sorry, we made a mistake. | ||
| Really? | ||
| Seriously? | ||
| You made a mistake? | ||
| But you're right, to bring tax cuts, you've got... | ||
| Government debt at three trillion. | ||
| You've got spending anyway out of control. | ||
| You've got all the money spent under the Covid chaos. | ||
| And then she cuts taxes. | ||
| You're right. | ||
| It was one side. | ||
| She cuts taxes without any understanding of how you begin to pay things back off that widening deficit, which was, what, 80 billion or whatever. | ||
| Actually, no idea how to fill it. | ||
| So I I do not understand Kwasi Kwarteng. | ||
| Very smart. | ||
| How did he go to the dispatch box with a budget plan that was only part of the equation? | ||
| He didn't even say, don't worry, there are cuts coming later on. | ||
| No, they wanted to cut taxes but not touch government spending, which is absolutely impossible whenever you're In the financial chaos that we're in with the high debt, with paying people for their energy. | ||
| So one of our first policies was to pay 30-40 billion initially, possibly up to over 100 billion, paying for people's energy. | ||
| You can't be paying people 100 billion if you're going to cut taxes. | ||
| So I don't understand how they did not think this through. | ||
| It seemed as though she decided she had to do something, but without thinking, well, that something will have repercussions. | ||
| And no one told her, this is, this is crazy. | ||
| This is why it's a lesson for the United States. | ||
| They came forward with tax cuts and some deregulation, but they were going to add, I think, $100 billion to pay for the energy problem they've got. | ||
| She had some aggressive, but not fully aggressive, on the energy side. | ||
| And other than that, was going to add to spending. | ||
| Philip Patrick. | ||
| This is why it's a lesson for the United States of America. | ||
| The same exact thing, maybe without the tax cuts. | ||
| But the same exact thing is going to happen to this country at the end of this year with the lame duck issue with the lame duck trying to pass the continued resolution which is really the spending plan for next year and then into next year as we have to deal with this massive debt and rising interest rates. | ||
| Now our debt is no longer free just like the three trillion dollars and one of the reasons Liz trusts Cannot just say she's sorry and unwind it. | ||
| She's jacked interest rates so so so high with the Bank of England because of her amateurish way she started. | ||
| That's going to start rolling through people's credit cards, car payments, rents, everything in the United Kingdom and the government debt. | ||
| She is kind of permanently, you know, as used to say in naval air, screwed the pooch. | ||
| And and, you know, you can't unwind it. | ||
| Is this also the crisis we're going to face, Philip, at some point in time and not too near distant future? | ||
| The answer is absolutely yes. | ||
| The parallels from the situation in the United Kingdom find themselves in today and the US. | ||
| They're there, right? | ||
| Massive amounts of spending, pumping money through an economy for 13 years that has driven asset prices out of proportion to any reality. | ||
| Now we're bringing the air out of that bubble. | ||
| We have spending packages that have not been thought through. | ||
| We're going to start to feel the effects. | ||
| I've said it before, heading into next year, the Federal Reserve are going to have to get significantly more aggressive with raising interest rates. | ||
| If we cannot curb the Biden administration's desire to spend, we're going to have a massive, massive problem. | ||
| Right now, we have essentially a war between the Federal Reserve and the federal government, right? | ||
| Federal Reserve's trying to pull money out of the economy to get on top of the inflation problem while the Biden administration is running a deficit and essentially pumping money back through the economy, right? | ||
| One hand giveth, Another hand taketh away and both hands are trying to outdo each other. | ||
| As long as there's no synergy between monetary and fiscal policy, the economy becomes a battleground, right? | ||
| And as everybody knows, when elephants fight, it's the mice that get crushed, right? | ||
| I think next year is going to be very tough for US investors. | ||
| I think on Bloomberg TV the other day. | ||
| In fact, we ought to get that cut and played tomorrow morning, because tomorrow morning on the show, we're going to kick off by going through the morning. | ||
| Steve Ratner going through some charts the other day, which we think he got wrong, that are very important for people to understand. | ||
| But Julia Bramowitz from Bloomberg had a very attrentive comment the other day talking about the United Kingdom. | ||
| She said, this is the end of the era of fiscal domination. | ||
| And what she said is that this is politicians continually to vote for and press. | ||
| All of these programs, both defense spending, all of it, all the way through to social spending, that have these massive Keynesian deficits, and the central banks have just been very passive to go along with it. | ||
| And this is the first time we've really seen the central banks say that the fiscal domination, and one of the dark forces that Peter's talking about, is the Bank of England. | ||
| If you're a pension fund holder, you say they're the white knight. | ||
| If you're someone who actually wanted a Tory government, they come in thatcher-like, they're a dark force. | ||
| But this is why it's going to be so important. | ||
| This era of fiscal domination, where the politician could just have, in the United States, trillion, trillion and a half dollar deficits, and the Federal Reserve just continued to pump. | ||
| In fact, Now, what everybody should do is go to birchgold.com forward slash Bannon. | ||
| You get the end of the dollar empire. | ||
| I've had two parts of this. | ||
| The first was the politics of money. | ||
| The second is the fall of the dollar as a prime reserve currency. | ||
| We're working on chapter three. | ||
| But get up to speed. | ||
| We're entering an era like the 19th century with Andrew Jackson and Henry Clay and William James Bryan that the politics of money is going to be everything and this is what people are going to be talking about. | ||
| This is exactly what's going on in the United Kingdom right now. | ||
| Not enough politicians are fluent enough to grasp the topic. | ||
| That's why you don't see a lot of people coming forward. | ||
| That's why you see a Jeremy Hunt who is kind of marginalized. | ||
| He's now stepped up and actually coming forward because he actually I think he feels uh more equipped to deal this this is why quasi uh cortana we everybody thought this guy's a phd in economics he'll understand it right away but it seemed like he he either didn't understand it or didn't feel like he had he had that old etonian arrogance he didn't have to explain himself here's what i want to do for a second because i have said and i hate to say i've been right on this but i said she would finally back off and go to the cuts I've also said she will be gone by this week. | ||
| I've also said by next spring, you'll see the end of the Tory party. | ||
| I want to have, I think we got a video from Nigel Farage came on the show the other day and I was on Nigel saying, Nigel, the GB news show is fantastic. | ||
| You're a huge hit, but it's now time to step out, lead a Brexit party or reconstitute that Brexit A nationalist spirit for economic nationalism and galvanizing into their reform party or reclaim party or Brexit, you call it whatever, but you're going to need an alternative to the Tories because the Tories are about to go the way the Whigs are, right? | ||
| There's no doubt. | ||
| Now let's play this video from Nigel Farage and I'll bring in Peter and Philip for commentary and analysis. | ||
| So, 12 years we've had. | ||
| 12 years of Tory misrule. | ||
| Let's have a think about the economy, shall we? | ||
| Low growth, productivity now so low, it's estimated to be 20% below that of France. | ||
| I mean, it almost beggars belief. | ||
| But then, that's what you get when you have huge open-door immigration to low-skilled labour. | ||
| Through their economic policy of quantitative easing, they've pushed up the price of assets. | ||
| Houses. | ||
| So if you're rich and you own several houses, this has been really, really cool. | ||
| If you're one of the many millions who wants to get on the housing ladder, well, I'm sorry, but having a house is no longer for you. | ||
| A link to that, of course, is the cost of living crisis. | ||
| The biggest single cost being energy. | ||
| This is all a totally self-inflicted wound by a Conservative party who've completely turned their backs on the idea of us being energy independent. | ||
| No, we build lots of windmills and we import electricity when the wind doesn't blow. | ||
| It comes in from France, it comes in from Norway. | ||
| Oh, and by the way, the Tories have also closed down our gas storage facility So that this winter we will have about two days reserve of gas and the lights may well go out in February. | ||
| Immigration. | ||
| Legal immigration. | ||
| Well, our population's increased by about 10 million since the year 2000. | ||
| Makes almost no difference whether it's the Blair era or whether it's Cameron, May or any of the others. | ||
| It's tough to keep up with all the names isn't it? | ||
| What with four chancellors in four months. | ||
| And across the channel, which I've been warning about repeatedly for the last two years, well Border Force wrote to the Home Secretary at the weekend to say the reception centre at Manston is now full of, and I quote, violent criminals. | ||
| Yes, hundreds of violent criminals are coming into this country every single week. | ||
| Law and order don't even get me started. | ||
| Crime is now so bad that most people don't even bother to report crime, don't even bother to get in touch with the police. | ||
| Our armed forces, since 2010, slashed and all of this from a government that says it is conservative. | ||
| Well, there was a brief glimmer of hope that perhaps we'd try and reduce the size of the state, perhaps we'd try and get taxes down, but it wasn't to be. | ||
| No, I also had hoped that the IR35 rules might be changed because that is frankly a war on the self-employed. | ||
| But no, now we have Jeremy Hunt. | ||
| Oh, isn't that just great? | ||
| Pro-the Chinese Communist Party, pro-the European Union, pro-lockdown, pro-mandatory vaccination. | ||
| I mean, frankly, he may just as well be a Labour politician. | ||
| This is a globalist coup! | ||
| Now, if Labour were in power, their economic policies would be virtually identical. | ||
| Some of the social stuff might be a little bit crazier, a little bit madder, but it would make no difference. | ||
| I fail to see right now what the point of the Conservative Party is. | ||
| I don't even know what function it serves. | ||
| And I'm saying all of this to you as we drive along Whitehall, past No. | ||
| 10 Downing Street. | ||
| There we are. | ||
| That's Downing Street there. | ||
| I understand they've put in a revolving door. | ||
| Because Liz Truss won't last very long. | ||
| But anyway, she's not running the country. | ||
| Mr Hunt and the Globalists are. | ||
| There is no point to this Conservative Party. | ||
| It might have existed for 200 years. | ||
| It now serves no purpose. | ||
| It needs desperately to be replaced. | ||
| Quite how we do that, under a first-past-the-post system, is something I'm going to turn my mind to. | ||
| Be sure of one thing. | ||
| The Conservative Party, as we've always known it, is now dead. | ||
| An absolutely brutal assessment. | ||
| Something we had Nigel on the show the other day asking that question. | ||
| What are you going to do about this? | ||
| You're one of the greatest political leaders in the history of the United Kingdom. | ||
| Peter McElveen, let's go to you. | ||
| Your assessment of Nigel Farage, that's a brutal, when you think he'd been in power for 12 years, that is a brutal laundry list of quote-unquote accomplishments, sir. | ||
| Nigel is spot on. | ||
| He is absolutely spot on. | ||
| You look at the Conservative Party and you think, what is the purpose? | ||
| What is the point of them? | ||
| If they're not going to be conservative, you think, actually, if Keir Stammer came in, what difference would it be? | ||
| As Michael said, it wouldn't be a lot. | ||
| And I think we have lost, we have lost the chance to rebalance our economy, probably for 10, 20 years, because no one is going to touch actually taking an axe to public spending. | ||
| Trying to cut that down to rebounds and to hand money back to the individuals. | ||
| The Conservatives were always the party of the economy, the party of law and order and the party of the economy. | ||
| You could always trust, even if you talked to a Labour voter, you could trust the Tories with the economy. | ||
| That is now in absolute shreds. | ||
| You cannot trust the Conservative Party with the economy at all. | ||
| You can't trust Labour with the economy. | ||
| Actually, who can you trust? | ||
| So people are going to fall back Probably by default and go with Labour, not because Labour are anything better, not because Labour got any ideas, not because Labour stand for anything at all, apart from hatred of country, but because the Conservatives actually are for nothing. | ||
| And I don't, the IMF came out against trusts two and a half weeks in. | ||
| Remember, all this happened, the Queen, the Queen Elizabeth died just after this trust became PM. | ||
| It's not as if she's had 40 days of plain sailing. | ||
| That happened in the middle, so the strange thing is all this has happened after that. | ||
| So it's even a shorter space time. | ||
| When you talk about 40 days, it hasn't been 40 days. | ||
| 10 days, two weeks is out of that because of the Queen's death. | ||
| So you're only looking at three weeks. | ||
| The IMF turned on her. | ||
| The IMF turned on her again a few days ago. | ||
| Sleepy Joe turned on and said it was a mistake. | ||
| Everyone seemed to pile in. | ||
| It was megaphone diplomacy. | ||
| There was no quiet conversations. | ||
| It was, you would write an article and you would attack Liz Truss for trying to cut taxes. | ||
| In those dark forces, you think, who actually is in charge? | ||
| It's certainly not the British government. | ||
| It's certainly not the public. | ||
| It's certainly not the electorate. | ||
| It's not one party or the other. | ||
| Actually, you're only allowed to go so far until the money markets tell you this far and no further, and then they pull you back. | ||
| So the government Liz Truss is completely discredited on her handling of the economy and hasn't had a chance to credit herself with anything else. | ||
| So I agree with you. | ||
| A week ago I thought, no way, she'll write this out. | ||
| No, I can't see how she can write it out. | ||
| She was talking to MPs all day today, including the chair of the 1922 committee, who will make the rules on actually removing her, which you can't do. | ||
| You can't challenge a leader for a year. | ||
| But they're going to change the rules of the Conservative Party. | ||
| They will tear up the rules and they will get rid of her because she's an electoral disaster at the moment. | ||
| Who they put in place, they're calling for Boris to come back. | ||
| Maybe that wouldn't be such a bad thing. | ||
| God, I can't believe this. | ||
| Hang on, Peter. | ||
| Philip, the lesson here is that you have to deal with reality as it is. | ||
| You can change the reality, but that comes through action. | ||
| That action has to be something that has some sort of pathway to be successful. | ||
| What lessons do you take away from what the UK government tried to do? | ||
| And I agree with Peter. | ||
| I think trust is gone by the end of the week. | ||
| Yeah, I do too. | ||
| The Daily Star, which is a tabloid in the UK, they posted a picture, I think it was today or yesterday, a picture of Liz Truss, a picture of a wet lettuce. | ||
| And the question was, which wet lettuce will last longer? | ||
| My money's on the actual lettuce, quite frankly. | ||
| But listen, it's absolutely spot on, right? | ||
| These policies, they haven't been thought through. | ||
| You know, the government are reacting to the markets and the whole thing's a mess. | ||
| Look, the markets themselves, the growth that we've been seeing hasn't been based on fundamentals for a long time. | ||
| It's been based on sentiment, right? | ||
| Every time they think the central bank's going to give up on the inflation fight, every time there's bad economic news, we see the markets rallying, right? | ||
| They think, hey, the Fed's going to be dovish. | ||
| Market goes up, right? | ||
| Every time they think the Fed's going to get aggressive, markets go down. | ||
| It's just bananas. | ||
| We need some common sense. | ||
| We need to be heading in, you know, globally a different trajectory. | ||
| And as long as we have Biden here in the US, as long as Liz Truss is steering the ship in the UK, I don't think it's going to happen. | ||
| We need some sensible, thought-out policies, and we need politicians that are willing to stick to their guns, right? | ||
| The fact that they come out with a plan and you turn because the markets didn't like it, that in on itself is a problem. | ||
| Phillip, hang on for one second. | ||
| Peter McIlvaney is going to hang on from Hearts of Vokes. | ||
| We're going to take a short commercial break. | ||
| We'll be back in War Room Battleground in just a moment. | ||
| Okay, welcome back. | ||
| Peter McAvoy, Hearts of Oak. | ||
| Give me a minute or two on Liz Tross. | ||
| She does not make it through the week. | ||
| Where does the UK go? | ||
| Where does the Tory party go from here? | ||
| They need a new leader. | ||
| The problem is there is no new leader. | ||
| I mean, you had Nigel on before. | ||
| He's the last big beast of British politics. | ||
| Boris has left the stage. | ||
| Nigel has stayed central to UK politics for 30 years. | ||
| You look around, left to right, there is no one who's able to step up and take the place of leadership, the Conservative Party. | ||
| So I As much as I want to Boris out because he had screwed up, he had to leave, we thought, well, get someone in. | ||
| Liz Truss was a Conservative. | ||
| She hasn't done this. | ||
| She's failed spectacularly. | ||
| I don't know who's going to replace her. | ||
| I think the markets will put Rishi Sunak back in charge. | ||
| He's who they wanted. | ||
| They're angry that they didn't get their man in the end. | ||
| They got Liz Truss. | ||
| She wasn't wanted. | ||
| So they will put in their man. | ||
| And actually having Jeremy Hunt in, who was part of Rishi Junak's campaign, that's the first step of that, I think, of having him there. | ||
| And he will put himself forward as someone who can calm the markets, which probably is true, because he's not going to cut any taxes. | ||
| He's going to keep ramping it up. | ||
| So I don't know who they put in place. | ||
| They get rid of her. | ||
| The Conservative Party will descend into even bigger chaos. | ||
| They're talking about a number of candidates. | ||
| I think it'll probably be Rishi Sunak and I don't think that's any good for any of us. | ||
| A globalist. | ||
| Okay, how do people get to Hearts of Oak? | ||
| How do they follow your show? | ||
| How do they follow you on social media? | ||
| So we're at Hearts of Oak on Getter every Monday and Thursday evening at 3 p.m. | ||
| Eastern Time. | ||
| We have interviews and every Saturday 3 p.m. | ||
| we have news reviews. | ||
| So at Hearts of Oak on Getter or heartsofoak.org forward slash livestream. | ||
| You can watch it directly on the website. | ||
| Peter, thank you very much. | ||
| Great analysis. | ||
| Philip Patrick Birchgold. | ||
| Go to birchgold.com slash Bannon. | ||
| You got to get the end of the dollar empire because that empire is quickly coming to a conclusion. | ||
| Make sure you go there slash Bannon. | ||
| You get it. | ||
| It's all free. | ||
| The politics of money and the demise of the dollars, the prime reserve currency. | ||
| How can people get to you, particularly now in this current chaos? | ||
| Because the chaos is bad here. | ||
| As it is there, and it's only going to get worse, even though we're going to have a massive one on November 8th. | ||
| I'm telling everybody that this lame-duck session, you're going to see things during this lame-duck session that you have never seen in the history of this republic. | ||
| The scams, the cons, the spending, all of it. | ||
| So stay tuned. | ||
| Phillip, how did they get to you? | ||
| So, information on Precious Metals, Berksgold.com forward slash Bannon. | ||
| You can reach me directly on getter at Philip Patrick as always. | ||
| By the way, fantastic analysis. | ||
| Philip, look forward to having you back on here in a couple of days. | ||
| Always, always enjoy and learn something from your views and commentary. | ||
| Thank you, Steve. | ||
| Remember these capital markets crises are going to drive Peter, call it the dark forces. | ||
| It's actually the dark forces of money. | ||
| Matthew Tiermont. | ||
| Matthew, give me a sense. | ||
| You're a deal guy. | ||
| Give me a sense of, uh, of the UK situation first, before we talk about Brazil. | ||
|
unidentified
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Uh, well, we spoke about it a couple of weeks ago. | |
| What Liz Trust did, uh, economically and in political economy was absolutely uncalled for. | ||
| She tried to make her mark being a Thatcherite and said, hey, we're conservatives, we're back in town. | ||
| But you know what? | ||
| There's a time and a place for every single policy agenda. | ||
| And as much of a Thatcherite as I am, this was not the time and the place to do what she did, whether it was tax policy, fiscal policy, or monetary policy. | ||
| And the markets rebelled. | ||
| The pound hit the lowest level in many decades. | ||
| And that's the markets voting, as they should. | ||
| Capital markets are a very efficient mechanism for pointing out when things are really stupid. | ||
| And that was really stupid. | ||
| She's paying the price. | ||
| She lost her chance with the exchequer. | ||
| And now I agree with Peter Malkovay. | ||
| The markets and the Goldman Sachs cabal are going to, you know, try and push against her and get Rishi Sunak in, which is, I think, horrible for all of, you know, the Bannon, War Room, Posse's agenda on populism and economic nationalism. | ||
| It ain't good. | ||
| He's in bed with all the big banks and insurance companies in the city. | ||
| The London and the British workers are not going to benefit from a Rishi Sunak. | ||
| Uh, ministerial opposition. | ||
| Oh, terrible. | ||
| Uh, you've been very closely following. | ||
| In fact, you've been in Brazil. | ||
| I think, I think you got close to getting arrested in Brazil. | ||
| Tell me about this debate the other night. | ||
| The mainstream media and the West all wrote off, all wrote off, uh, Brazil, all wrote off Bolsonaro. | ||
| Lula was going to win in a walk away. | ||
| Tell us what happened. | ||
|
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Yeah. | |
| Well, first, you know, we talked in depth about what went on in the first round two weeks ago, this past Sunday, the second round is in two weeks. | ||
| from this past Sunday on October 30th. | ||
| And they said Lula's going to win over 50 percent, it's going to be a bloodbath. | ||
| Well, it was much tighter. | ||
| I do believe that there was a lot of fraud and that there's no way Lula could have got 48, 49 percent. | ||
| And when the votes of those that down-ballot were pure pro-Bolsonaro, 19 out of the 27 Senate seats up went to Bolsonaro, chosen, hand-selected and endorsed people who don't exist in politics if it isn't for the Bolsonaro imprimatur. | ||
| Now we have the last debate on Sunday night. | ||
| Unbelievable bloodbath for Lula. | ||
| JB absolutely wrecked him, brought up so many things that are at the concerns of the heart of Brazil, the hearts and minds of Brazilians. | ||
| His connections to Ortega and Petro in the Sao Paulo Forum, his criminality, his being let out of prison by his buddies, his own, his and Dilma and Temer's appointees on the Supreme Court, let him out 500 days into a 12-year sentence for money laundering and selling Brazilian assets to China and those who are doing nothing but bad for Brazil, don't have Brazil and Brazilians' best interests at heart. | ||
| And you know what? | ||
| Even as this debate was going, people were absolutely electrified, the left and the mainstream media complex. | ||
| I couldn't believe they had no rejoinders for how Lula performed as poorly as he did pulling out the corruption. | ||
| All he had was he goes back, oh, you mishandled COVID. | ||
| Well, you know what? | ||
| COVID's yesterday's news. | ||
| What is today's news is the economy, is the relations with China, the communist takeover of Latin America, the corruption. | ||
| One of many JB punch-outs, knockouts was when he said, what ministers are you going to be appointing to the 20 or so ministries? | ||
| Everyone knows who I've appointed, who I've had, and who I will appoint next term. | ||
| What about you? | ||
| Are you selling them in the backroom, as is, you know, your practice, as you've been convicted for this sort of backroom corruption? | ||
| Knockout. | ||
| Lula was speechless. | ||
| He hid behind the lectern. | ||
| Fake news. | ||
| You know, they've got the moderator so in the tank. | ||
| Remember Candy Crowley? | ||
| that kind of bad level of debate moderation in the tank for Lula. | ||
| And they say, fake news, fake news. | ||
| And J.B. Bolsonaro hit him with, your party, your people, your media have been calling me a pedophile. | ||
| And your Supreme Court made them take that down. | ||
| That's fake news. | ||
| The perpetrators of fake news are this mainstream media complex that's in bed with the Supreme Court, and you guys crossed the line so grossly by running out that I'm a pedophile that even your people forced the takedown on the social media. | ||
| So it's really, it's heating up for Bolsonaro. | ||
| Polls one day out from the debate are showing neck and neck. | ||
| Some show Bolsonaro up 52-48. | ||
| One that just came out a few hours ago shows 49.5 or so to 48.7, less than a point, but J.B. | ||
| ahead, which means he's really with the Tory effect and the chicanery of polling, suppression polling, as we always talk about. | ||
| J.B.' 's got to be up 15, 20 points, and we'll have to see how they play it, those who are existentially fighting for their political and economic lives in the corrupt communist Latin American left in bed with China. | ||
| We'll see how they play it round two. | ||
| But JB is surging, absolutely surging. | ||
| The Bolsonaroistas, the second round on those races that are going to run off, poised to win them all. | ||
| They now have the Congress, the majority of the Senate, the majority of the lower house, the House of Deputies. | ||
| So this is a Bolsonaro, you know, even if they steal it from him, his people are controlling the legislature and there will be change in the judiciary. | ||
| Matthew, how do people get to you on social media? | ||
| Because you're putting up commentary and analysis all day long on Brazil and other topics. | ||
| Where do they go? | ||
|
unidentified
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Twitter, getter, at Matthew Terman, M-A-T-T-H-E-W-T-Y-R-M-A-N-D. | |
| We also talk about, you know, today, tomorrow, the next day Sweden just formed a government, and we will get on that maybe tomorrow morning. | ||
| Perfect. | ||
| Matthew Tierman, look forward to seeing your lovely visage on Skype. | ||
| I don't know where we got these pictures. | ||
| Where we got these photos? | ||
| It was like Matthew Tierman at nine years old. | ||
| Matthew's got... I don't even want to watch what that looks like. | ||
| Not quite as young as he used to be in those pictures. | ||
| I guess it came from Tierman's publicist. | ||
| Matthew Tierman, thank you very much. | ||
|
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Thanks, Steve. | |
| Later. | ||
| Thank you. | ||
| I want to bring in Dr. Peter McCullough. | ||
| Now, you talk about truth to power, you talk about still the finger-pointing on COVID. | ||
| You know, Lula's trying to make it the issue down in the Brazilian campaign, Dr. McCullough. | ||
| But we still have so much unfinished business here about what actually happened, what was truth, what was not, the economic carnage, and particularly the vaccines. | ||
| You've written an entire book about this. | ||
| Walk me through your book for a second, because here we're going to actually show in a second a clip from the new movie that's out today, The Real Anthony Fauci Bits on Bobby Kennedy's Book. | ||
| But you've gone this from day one, and quite frankly, you kind of went from, I don't want to say an insider, but a respected member of the medical community to really kind of a pariah, because you refused to buckle to kind of the mainstream thinking about this. | ||
| Can you walk us through it? | ||
| Sure, Steve. | ||
| I was fully a member of academia in the ivory tower, but things started to go bad and I couldn't sit by and watch it happen. | ||
| I teamed up with best-selling author John Leake. | ||
| It took us a year to write Courage to Face COVID-19, Preventing Hospitalizations and Deaths While Battling the Biopharmaceutical Complex. | ||
| This follows on some excellent books, including COVID-19 and the Global Predators by Peter Bragan, which gives the timeline and so many of the factual details, the fact pattern and what happens. | ||
| The real Anthony Fauci zeroing in on our National Allergy Immunology Infectious Disease Branch Director, Dr. Anthony Fauci. | ||
| It was written by Robert F. Kennedy. | ||
| As you pointed out, the movie premieres, actually starts today. | ||
| I play a few brief clips in that movie. | ||
| And, you know, I can tell you in our book what we've identified, Steve, is there's a biopharmaceutical complex. | ||
| It's basically like a syndicate, similar to the old military-industrial complex. | ||
| But this biopharmaceutical complex at the very top, we believe, is the World Economic Forum, the World Health Organization, Gates Foundation, the Rockefeller Foundation, Wellcome Trust, | ||
| And then all the subsidiaries, CEPI, Coalition for Epidemic Preparedness and Innovation, Gavi, Unite, the EcoHealth Alliance, all the agencies are now in regulatory capture, MHRA, THA, the TGA in Australia, CDC, NIH, FDA, and then there's the suppliers, Big Pharma. | ||
| All the entities now have massive flows of cash because the doors of the treasuries have been opened by this syndicate by declaring and then maintaining infectious disease emergencies by which the money can then be basically flowed through pre-purchase of products really in a sense fueling economically all the interests of this biopharmaceutical complex | ||
| At the expense, and sadly, of the tremendous casualties of hospitalizations and deaths of the population worldwide. | ||
| Here's what's stunning, in your book, it's the courage, it's also your personal courage to be able to face it, not just the country have to face it, but that's why I think your book about the courage to face COVID-19 is so powerful. | ||
| In the Robert F. Kennedy book, when it first came out, What shocked me was how this has been around for a while. | ||
| It's been building. | ||
| I mean, clearly it's worse now, but it's been building for a while. | ||
| Walk me through, why did you participate in this movie? | ||
| What was it about Anthony Fauci that really galvanized your thinking to have you want to be a part of the film about the book? | ||
| He's a central leader in this syndicate. | ||
| Where this flow of money goes in part from the National Institutes of Health to a whole variety of centers. | ||
| I think a lot of Americans had no idea that U.S. | ||
| dollars were flowing through the University of North Carolina, Chapel Hill, Harvard, a Swiss Institute, through the EcoHealth Alliance, which is a go-between organization. | ||
| And the money actually landed in the biosecurity level 4 lab in Wuhan, China. | ||
| And money was sent there specifically to carry out U.S. | ||
| projects in this biosecurity lab. | ||
| The lab itself was built by BioMérieux under the direction of Stéphane Bainzel, who's now the current CEO of Moderna. | ||
| We know that former FDA chairman Stephen Hahn, he works for the venture capital firm that funds Moderna. | ||
| The former FDA chairman before him, Scott Godley, he's on the board of Pfizer, a vaccine supplier. | ||
| So you can see the wide open conflict of interest, this web of stakeholders that is profitably greatly from these infectious disease pandemics and then the single response to them being mass vaccination. | ||
| Let me, can we go ahead and play, I want to play the trailer for a second, then I want to get Dr. Peter Mercola's thoughts. | ||
| We're going to play the trailer from the real Anthony Fauci movie. | ||
| This book is a product of my own struggle to understand how the idealistic institutions our country built to safeguard both public health and democracy suddenly turned against our citizens and our values with such violence. | ||
| I am a lifelong Democrat whose family has had 80 years of deep engagement with America's public health bureaucracy and long friendships with key federal regulators including Anthony Fauci, Francis Collins, and Robert Gallo. | ||
| Members of my family wrote many of the statutes under which these men govern. | ||
| They nurtured the growth of equitable and effective public health policies and defended that regulatory bulwark against ferocious attacks funded by industry. | ||
| I built my own alliances with these individuals and their agencies during my years of environmental and public health advocacy. | ||
|
unidentified
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Quiet on set. | |
| Camera speed. | ||
|
unidentified
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Take one. | |
| But I also watched how the industry, supposedly being regulated, ...used its indentured servants on Capitol Hill and its financial clout to systematically hollow out those agencies beginning in the 1980s, disabling their regulatory function and transforming them into sock puppets for the very industry Congress charged them with regulating. | ||
| I explore the carefully planned militarization and monetization of medicine that has left American health ailing, And our democracy shattered. | ||
| I chronicle the troubling role of the big tech robber barons. | ||
| The military and industrial agencies are deep in historical alliance with big pharma and the public health agencies. | ||
| The disturbing story that unfolds here has never been told. | ||
| And many in power have worked hard to prevent the public from learning it. | ||
| The principal character is Anthony Fauci. | ||
| It's from the book that sold over a million copies, The Real Anthony Fauci. | ||
| Dr. P. McCullough, when you watch that trailer, it's almost like you're getting ready to watch a horror movie. | ||
| Tell me about that. | ||
| It's almost like your powers, like some Kafkaesque They've made it from a Kafkaesque novel and you're about to be sucked into something like a Hitchcock where you have absolutely no control, no power, but you're just sucked into this web of power and corruption. | ||
| What are your thoughts? | ||
| Americans do feel like the last three years has been a bad movie, Steve. | ||
| You know, 10 million Americans hospitalized, a million people lost their lives either directly due to the virus or with the virus. | ||
| Myself and other doctors, we knew this was treatable. | ||
| We knew we could develop ways to treat it. | ||
| In fact, we did. | ||
| We proved that they worked. | ||
| We did everything we could to save as many Americans as possible, but The government narrative driven by Dr. Anthony Fauci was a narrative that basically promoted fear, suffering, hospitalizations and deaths, and only a single answer. | ||
| And that was to take a vaccine. | ||
| And it was a vaccine that was proven to not be safe. | ||
| And on top of that, not effective. | ||
| It didn't last very long. | ||
| And now people, their lives have been ruined by these vaccines. | ||
| Their careers are tethered to these vaccines. | ||
| And there is no reconciliation of what's gone on. | ||
| There's no admission that the vaccines have failed and that we need to jettison these products and now start to repair America. | ||
| In fact, President Biden has just extended the emergency again. | ||
| There is no emergency, Steve. | ||
| We should just close this out, let doctors treat the remaining cases and now start to invest in vaccine injury research and start to figure out what went wrong with this terrible plan. | ||
| Part of the reason we're going to have this sweeping victory is this issue of medical freedom that's bringing so many people to our side. | ||
| Of course, the mainstream media doesn't want to talk about it. | ||
| What do you hope, with your book and your expertise, and you've already given some brilliant testimony to the Senate subcommittees run by the Republicans, but when the Ron Johnson's are in charge, and the Rand Paul's are in charge, and you've got in the House, we have a 40 or 50 seat majority, next January, February, March, What would you like to see? | ||
| We've got about two minutes. Walk through Dr. Peter McCullough's, given this movie, your book, Robert F. Kennedy's, the Children's Health Defense, all of it, what would you like to see? | ||
| What's the outcome? We need congressional oversight committees and hearings on what the FDA knew, what the vaccine manufacturers knew, why weren't the vaccines stopped. | ||
| Pfizer should have been stopped within a month of its being released. | ||
| 1,223 deaths occurred shortly after Pfizer was used in the public program. | ||
| Why there were no safety meetings every month? | ||
| to inform Americans and doctors how to navigate here. | ||
| And then we need Senate hearings and we clearly need them for all of the Federal Health Agency officials, CDC officials, White House Task Force, NIH. | ||
| We need them to be called to accountability and justice. | ||
| Dr. McCullough, it's TheRealAnthonyFauciMovie.com. | ||
| Everybody can see it free today. | ||
| I want everybody to go there. | ||
| Dr. McCullough, how do people get to your book, The Courage to Face COVID-19, and how do people follow you on social media? | ||
| The book has its own website, couragetofacecovid.com. | ||
| You can follow me from my website, petermccullohmd.com. | ||
| I'm active on Getter, on Telegram, and I've just started a substack with bestselling author John Leake. | ||
| It's termed Courageous Discourse, and it's already very popular. | ||
| My Twitter is still in suspension, trying to negotiate out of that. | ||
| But as you all know, the social media onslaught against doctors telling the truth has been relentless. | ||
| Dr. McCullough, you're a true hero. | ||
| Thank you for standing up for the country, your patients, and really medicine. | ||
| Thank you very much, sir. | ||
| TheRealAnthonyFauciMovie.com. | ||
| It's free. | ||
| I want everybody in the War Room Posse to see it. | ||
| If not tonight, then tomorrow. | ||
| Be back at 10 a.m. | ||
| tomorrow. | ||
| We will be on fire. | ||
| That I can guarantee you. | ||
|
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