Nov. 29, 2022 - Bannon's War Room
49:53
Participants
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| Speaker | Time | Text |
|---|---|---|
| This is the primal scream of a dying regime. | ||
| Pray for our enemies. | ||
|
unidentified
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Because we're going medieval on this, people. | |
| President Trump got a free shot at all these networks lying about the people. | ||
| The people have had a belly full of it. | ||
| I know you don't like hearing that. | ||
| I know you've tried to do everything in the world to stop that, but you're not going to stop it. | ||
| It's going to happen. | ||
| And where do people like that go to share the big lie? | ||
|
unidentified
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MAGA Media. | |
| I wish in my soul, I wish that any of these people had a conscience. | ||
|
unidentified
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Ask yourself, what is my task and what is my purpose? | |
| If that answer is to save my country, this country will be saved! | ||
|
unidentified
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Warren, here's your host, Stephen K. Bass. | |
| Okay, welcome. | ||
| It is Tuesday. | ||
| 29 November year of our 2022 three weeks from the midterm elections and we got a lot of work to do because now there's a lot of converging forces still have this runoff in Georgia. | ||
| You still have this massive situation in Arizona, which is not going to go away. | ||
| There's so much going on behind the scenes lawsuits affidavits all of it. | ||
| What was proven yesterday in Maricopa County at that supervisor meeting. | ||
| There is no doubt in anybody's mind. | ||
| This thing was stolen. | ||
| You heard in the cold open, or you heard in the cold open for Charlie Kirk, that a supervisor in Mojave County said, hey, they threatened me with criminal charges. | ||
| If I didn't certify this. | ||
| And Cochise, they're sitting there going, hey, tough. | ||
| We need Katie Hobbs to come down and give a full presentation. | ||
| And Elias, the evil genius of the big steal of 2020, has filed a lawsuit representing some group, said, hey, the only presentation you supervisors are going to get is in a court of law. | ||
| This is the way the Democrats play smash mouth and we need to start playing smash mouth. | ||
| Just the same way. | ||
| Okay, and this is why I think you got Mike Lindell running for RNC. | ||
| There's a lot going on. | ||
| The one thing, I've got Ed Dowd on the economics of China, which is absolutely essential now to the global financial situation. | ||
| He and his team have been doing great work. | ||
| Dr. Bradley Thayer, who I think knows China as well as anybody, is on to talk to us about what's happening even in the last 48 hours with Xi. | ||
| But I want to go back to Cortez. | ||
| With all that maelstrom, Steve, these Democrats are so crafty and so cunning. | ||
| What's going to go on here in the lame duck, they're going to try to structurally set it both with the debt ceiling to either remove it or lift it up so that more mass spending can take place because that's how they run this thing. | ||
| Remember, in all these bills, All these bills, they're funding all these NGOs. | ||
| Many of these NGOs are the ones that are out there causing trouble on election day, causing trouble with these elections. | ||
| This thing is sick. | ||
| You've got an omnibus bill, which they want to pass now because the new Congress, when we control the House, will shut it down. | ||
| It's going to have not just the $3.5 trillion of transfer payments of Social Security, Medicaid, and Medicare, the $3.5 trillion, which essentially is close to what the All revenues and fees back to the U.S. | ||
| government are, but it's anywhere from another trillion to a trillion and a half to almost two trillion dollars of deficit spending, of which we're going to have to print money. | ||
| Then you've got the NDA, the Defense Authorization. | ||
| If you've gone through, that Defense Authorization Act has got all the wokeness that's led the military to collapse on recruiting. | ||
| And have no readiness in the South China Sea in the defense of Taiwan. | ||
| It's got all that wokeness embedded in the bill. | ||
| And that's just three of the big ones. | ||
| There's so much more. | ||
| Remember, Pelosi ain't coming back. | ||
| This is her swan song. | ||
| Right? | ||
| And a lot of these Democratic senators like Tester and Manchin and Sinema understand that in the run-up to 2024, when they have, I think, of the 33 senators that are up in the cycle, 24 Democrats, and a ton are from red states, they're going to have to heave, too. | ||
| And you've got all the guys leaving. | ||
| This is going to be an orgy of spending and malfeasance. | ||
| So, Steve, your perspective on what the big structure is. | ||
| I keep telling people, hey, don't be giving me the horse race in DeSantis versus Trump. | ||
| It's all grade school stuff. | ||
| Talk to me about now, because they're setting the terms of the conversation. | ||
| They're going to set the terms and the direction of the country. | ||
| They're going to give another $50 billion to Ukraine. | ||
| Steve Cortez. | ||
| No, correct. | ||
| Listen, the Democrats right now are trying in these coming days and weeks of this year, they're trying to set the table to effectively neuter the incoming House GOP. | ||
| But thankfully, we can stop it. | ||
| But I want to, again, implore the deplorables out there. | ||
| to stay at their political battle stations. | ||
| I know it's tempting to take the rest of the year off to focus on family and holidays and football and hunting and all these wonderful things. | ||
| Well, the Democrats have extremely aggressive and devious plans. | ||
| In addition to some of the things you mentioned, we also mentioned earlier the attack on religious liberty, a potential amnesty for millions of illegals in this country, a potential attack on so-called assault weapons, on Second Amendment rights. | ||
| So, their agenda in these coming days is vast and it is significant. | ||
| Now, it can be stopped. | ||
| But it's going to take nerves of steel, particularly on the Senate side. | ||
| So nobody should look away. | ||
| Nobody should take time off. | ||
| This is going to be a very intense period. | ||
| In these coming weeks, we can and should stop Nancy Pelosi, but we have to do so. | ||
| The great news is we are taking the gavel away from her. | ||
| But the bad news is, you know, sometimes when an actual star dies, Steve, it has a thing called a supernova, where it explodes with a burst of energy that was greater than it ever had when it was alive. | ||
| Well, that may be happening in the political sense with Pelosi. | ||
| There's a political supernova that she is planning. | ||
| We can stop it, but we have to stay engaged to do so. | ||
| You know, Ralph Norman down in South Carolina on this very show came and said, hey, here's the reason I'm a no and I'm a hard no on McCarthy. | ||
| He said in that conference, the closed conference where they had the talk and the debate, he said he asked McCarthy, he said, hey, the Republican Study Committee has come up, and these are the guys that kind of think through things for the conferences, so they've come up with a rough overall architecture for a budget. | ||
| That gets you to basically a balanced budget in seven years, takes you seven years to get there. | ||
| So it'd be outside. | ||
| It'd be it'd be, you know, outside the term of Trump won in twenty twenty four, even be past the first year of the following that. | ||
| So seven years to get to a balanced budget. | ||
| And there's some pretty big and systemic cuts that have to come to get there. | ||
| And he said, do you support that? | ||
| And McCarthy just said, no, not a chance. | ||
| No way. | ||
| Don't do it. | ||
| And Norman said, given what he's seen being here in the spending and the out of control spending, that this is the one thing that has to stop. | ||
| And he said, that's why I'm a hard no. | ||
| I'm a hard no because we have to get somebody in there. | ||
| This is what I want to make sure people understand, is that this era of easy money, that we have had the responsibility but the benefits of being the prime reserve currency, okay? | ||
| And the prime reserve currency means that every transaction in the world, essentially to date, it has to be converted into dollars. | ||
| Whether you're doing a drug deal in Thailand, or buying bonds for the little sisters of the poor, In California, right? | ||
| You convert into dollars to make sure all those trades are done. | ||
| Everywhere in the world, basically every transaction. | ||
| And that makes the greatest export we've ever had is the U.S. | ||
| dollar. | ||
| That could be quickly coming to an end. | ||
| The BRICS, what they call, you know, Brazil, Russia, India, China, the BRICS, kind of the Global South, is now getting, you know, more people are signing on to it. | ||
| The Middle East is signing on. | ||
| They're looking to every alternative. | ||
| of a basket of currencies, state-sponsored crypto, different types of Chinese backed by oil, everything to get off the dollar. What's happening here, and this is what the madness is, they're going to sit there and not even have an adult's conversation about this omnibus bill, which is another trillion to two trillion, includes a trillion dollars defense spending, then 500 billion, maybe up to another 500 trillion dollars of discretionary spending, | ||
| because they haven't been forced like adults. | ||
| To have to make tough decisions. | ||
| And this is the specter that hovers over us. | ||
| When you've got the former economists at PIMCO, you've got every guy in the world, you've got everybody saying, hey, the era of modern monetary theory, fiscal dominance, where governments could just pass these spending bills. | ||
| Right? | ||
| And not have to worry about the consequences of them, because their central banks were kind of in unison printing money. | ||
| That has fueled this inflation. | ||
| You said at the beginning of the show, the Federal Reserve guy said, hey, note to self, it's not just 2023. | ||
| This could go 2024 or longer for us to get down to our target inflation rate. | ||
| Do people understand the scale of the problem we have in front of us? | ||
| Particularly if they're going to be up there, they're going to want to raise that ceiling, pass this omnibus bill, and continue on trillions of dollars every year in deficit spending. | ||
| Steve Kortes. | ||
| To answer your question, do they understand it in Washington, D.C.? | ||
| No, absolutely not. | ||
| Do regular Americans on Main Street understand it? | ||
| Yes, they certainly do because they are living it right now in their reality, in their lives, regarding their checking accounts, regarding their confidence. | ||
| I would give evidence of consumer confidence at an all-time low, post-World War II low, so regular people know the consequences of Biden's inflation combined with Biden's recession. | ||
| They understand, even if they don't watch global bog markets, even if they don't use a phrase like an inverted yield curve, they understand what is going on right now. | ||
| People in Washington, D.C. | ||
| are still living right now, unfortunately, in a Beltway bubble. | ||
| But here's the thing. | ||
| The bond market is bursting that bubble, whether D.C. | ||
| powerbrokers realize it or not. | ||
| And the profligacy, the exorbitant borrowing and spending that has dominated Washington, D.C. | ||
| You're so right, Steve. | ||
| The United States has enjoyed really these twin exorbitant privileges, right? | ||
| One being the reserve currency status, which I believe is very much in doubt. | ||
| The dollar is already being devalued against hard assets, things like land, Particularly farmland. | ||
| And then the other privilege being incredibly low, artificially low interest rates. | ||
| That part is absolutely gone. | ||
| There's no doubt about whether or not that's gone. | ||
| Again, only look at the yield curve to know that. | ||
| So, these twin forces and a loss of these twin privileges combined means that suddenly Washington, D.C. | ||
| has to make hard decisions that it has punted on for many, many years. | ||
| And the Democrats are taking the exact opposite approach in these coming weeks. | ||
| Again, trying to use these closing days as a flurry of exit activity to effectively neuter the incoming U.S. | ||
| House that is Republican-dominated and led. | ||
| And we cannot allow it to happen again. | ||
| We have the numbers to stop it if we have the will to stop it. | ||
| In these coming weeks and neither those lawmakers nor the deplorables can take the rest of the year off. | ||
| This is still very serious go time into Christmas. | ||
| One last thing I need you to comment on is you had mentioned, I had it on my punch list, but something that is absolutely we have to stop, and that is the amnesty. | ||
| Remember, Schumer, not Tucker Carlson, not the Worms, Schumer walked you through the replacement theory. | ||
| He gives a conference and says, hey, no, he walked you through it. | ||
| We're not, you know, having enough burghers. | ||
| You're not replicating enough. | ||
| We need a massive influx of foreigners. | ||
| They're talking the amnesty, everything from $11 million plus amnesty for the illegal aliens to DACA and maybe even take care of the $5 million that's come in on his watch to take care of that. | ||
| This thing is a front burner. | ||
| Hopefully only the Senate, you know, put the fear of God into Manchin and Republicans so they can't get to $60 million. | ||
| How big a deal is amnesty in the lame duck? | ||
| Oh, listen, if it were to pass, and I don't think it will, but again, we can't rest. | ||
| If it were to pass, it would change the United States in consequential ways for decades. | ||
| I'm not sure we could ever recover, frankly, as a country. | ||
| Because, of course, we know it's not 11 million illegals. | ||
| It is two to three, maybe even four times that much, according to credible studies from Ivy League institutions, not from right-wing think tanks. | ||
| And the reality is, right now in the United States, we have 19 consecutive months of declining real wages for American citizens, meaning pay adjusted for the things that they need to buy in their lives. | ||
| 19 straight months. | ||
| It's the worst stretch in American History at a time like that the idea that we would invite and then legalize millions of illegals to compete in the labor market against the citizens of this country is absolute insanity is a complete surrender of sovereignty of the United States and it cannot be allowed By the way, you're exactly right. | ||
| Chuck Schumer, who as part of the left, for years has been denigrating those of us on the right to say, oh, this replacement theory is an invention from some fever swamp of the right. | ||
| And then he proceeded to exactly lay out the replacement theory and said, yes, we 100% are going to replace you with illegal migrants. | ||
| So cognitive dissonance, but nevertheless, again, stay the course, focus. | ||
| We can defeat all of these measures in this lame duck session. | ||
| And then we have the speakership and we have power starting in January. | ||
| Steve, how do people get to all your live streams, your substack, all of it? | ||
| Yeah, please follow me on the Twitter. | ||
| I'm at Cortez Steve, Cortez with an S. Best places on Getter, the free speech platform. | ||
| I'm simply at Steve and it links to my new substack article on indulgences that big business is paying to the left. | ||
| Please have a look. | ||
| How did you get at Steve? | ||
| I'm like a grundoon. | ||
| Cortez is like House of Lords and Getter. | ||
| I'm House of Commons. | ||
| Yeah, you know, listen, you gotta be a baller, I mean, to just get the single name addresses. | ||
| Obvious. | ||
| You're big, I tell you. | ||
| You've arrived. | ||
| Steve Cortez, thank you so much for spending time with us today. | ||
| Thank you, sir. | ||
| Okay, Arizona. | ||
| We're going to talk a little bit about Georgia. | ||
| We're going to get down to China, the economy, the real economy of China, what's happening, how it's interlinked with us, how this thing could implode at any time, and then Dr. Bradley Thayer is going to talk to us about what's going on, what she's doing, is there any threat to Taiwan, what's happening in mainland China to the Lao-Beijing, these great patriots, these heroes that have stood up in the French concessions, Shanghai, downtown Beijing, throughout the mainland. | ||
| All next, two experts on China. | ||
| Join us. | ||
| We're going to talk more about Arizona. | ||
| or next in the war room. | ||
| Peace. | ||
| There's a crisis in the black community. | ||
|
unidentified
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The destruction of strong black men in the family. | |
| First, they passed laws to lock up our fathers and brothers. | ||
| And now, the Democrat Party is coming for your kids. | ||
| Democrat Senator Raphael Warnock supports the feminization and sexualization of your sons. | ||
| Do you want the Democrats to turn your boy into a girl? | ||
| On December 6th, stop Raphael Warnock from creeping on your kids. | ||
| Okay, that's down in Georgia. | ||
| Of course, there's a huge election next Tuesday. | ||
| Early voting's already started. | ||
| The big question is, is MAGA going to turn up in the numbers needed to support Hershel Walker? | ||
| Everybody in the great state of Georgia, all of our audience down there, you've got to turn up. | ||
| You've got to. | ||
| We need to win this seat. | ||
| Because a lot of good things can happen. | ||
| You never know. | ||
| Hey, maybe even flip a Democrat and take control of it. | ||
| It's a long shot, but you never know. | ||
| You've got to win this seat, though. | ||
| So that's a new, quite frankly, brutal ad. | ||
| By Laura Lohmer and her team put a pretty brutal ads in this in the midterm. | ||
| They're actually putting ads up against Warnock in in Georgia. | ||
| So be a lot more of those very intense early voting actually looks like it. | ||
| It looks like it favors the Democrats. | ||
| So people have got to get your shoulder to the wheel. | ||
| Herschel Walker's a good man. | ||
| He'll make a great United States Senator. | ||
| We'll talk more about that. | ||
| I'm trying to get Herschel on here some day this week to actually go through, not his, we know his campaign, we know his policies, we know his support, but actually what's going to happen in, what's going to happen and where he needs help. | ||
| Let's go to Ed Dowd. | ||
| Ed, I want to go through, first off, I want to set the global context for people for 23 and why this, why the lame duck is so important. | ||
| You and your other econometrics people have been forecasting a recession, and quite frankly a deep recession, towards the end of the first quarter, maybe into the second quarter of next year, and I think that was even before these perturbations in China. | ||
| Which people in this audience, because they know how close we cover Lao Baijing and China, know about the experts we bring on here. | ||
| We probably bring on more expertise about China than any combination of shows around. | ||
| Walk me through your assessment. | ||
| I particularly want people to understand about this thing of the global recession and how your analysis of China plays into that. | ||
| Sure, no problem. | ||
| Just a quick history lesson on China. | ||
| So China was led into the WTO. | ||
| We exported a lot of our manufacturing over to China. | ||
| To expand that growth, they had to bring in workers from the rural farms into the cities to get that going. | ||
| So that growth was fueled by debt. | ||
| And that debt initially wasn't that bad because it was investment in actual real manufacturing plants. | ||
| So debt to GDP in China, total government and private non-financial sector debt, grew to about 150% to 2008. | ||
| Then we had the Great Financial Crisis and the world economies went into a tailspin and we know what happened there. | ||
| It was unprecedented central bank money printing and spending. | ||
| And China did its part and they started infrastructure spending and real estate spending. | ||
| And their demographic growth was already slowing. | ||
| So they had to continue to build projects, trains to nowhere, cities. | ||
| And for a while, those cities were filled up. | ||
| Some of those infrastructure projects were used. | ||
| But debt to GDP into 2018 grew from 150% after 2008 to 250%. | ||
| 2018 grew from 150% after 2008 to 250%. | ||
| And then in 2020, that's when China hit its demographic wall, meaning their population growth is in decline. | ||
| And all that debt, real estate debt, malinvestment debt started to come home to roost. | ||
| And curiously, in 2020, a few years after they, in 2020, COVID hit mysteriously. | ||
| Is that a coincidence? | ||
| I don't know. | ||
| But they started to see all sorts of problems in their real estate sector. | ||
| And then they increased after COVID their total debt, government and private, to 300% of GDP. | ||
| Right now, they're hitting a demographic wall. | ||
| Evergrande was the canary in the coal mine. | ||
| That was the real estate firm that went bust. | ||
| So what we have in China is an implosion, an internal implosion of malinvestment and internal debt. | ||
| Before we get into the internal implosion, I want to go back in time. | ||
| People that were old enough to remember 2008. | ||
| The reason the Federal Reserve here, we just started putting massive liquidity into the system, that's why we had this great shift in concentration of wealth. | ||
| And that helped save the U.S. | ||
| economy on a temporary basis, but at a massive price, right? | ||
| A massive price for working class and middle class people. | ||
| And it allowed us not to deal with the systemic problem, the structural problems we had on manufacturing, everything we'd allowed the elites to ship over to China. | ||
| That being said, China, because they stimulate their economy so much and got the manufacturing stood up, They became kind of the economic engine in the world that actually kind of pulled us out of what would have been a deeper recession slash depression then. | ||
| Now, as you go through this, That tool in the toolbox ain't there anymore. | ||
| That's what I keep telling people. | ||
| China is not going to pull you through this recession. | ||
| In fact, if you look at Ed Dowd's analysis, which he's about to show us, they're going to actually go the other way. | ||
| They may actually be a massive drag on the world economy, which we have not seen and had to deal with since the rise of China. | ||
| Am I incorrect in that, Ed Dowd? | ||
| No, you're not. | ||
| You know, China is a creditor nation, and most of the debt I just talked about is internal, which is good in that it may not cause a systemic financial crisis worldwide. | ||
| That's systemic meaning like chaos, but a global economic slowdown is assured because internal restructurings are more painful than external restructurings because the currency is the valve. | ||
| They're going to have to go through huge internal restructuring, which means they're going to have a lot of unhappy unemployed people. | ||
| And I know for a fact, back in 2003, 2004, I sat down in the hall from the energy guys at BlackRock who went to China all the time, and they would come back and say, the CCP's biggest fear is the people. | ||
| This was 2003, 2004. | ||
| So that's on top of mind all the time for them, is keeping their people working and fed. | ||
| That's going the other way. | ||
| And what these riots we're seeing are basically due to economic reasons. | ||
| And COVID is just a cover to You're saying the big restrictions and what we're hearing on the COVID lockdowns and the choking down of any little bit of freedom they have, that's what the kids, that's what the media is picking up and that's what they're saying. | ||
| But you're saying it's deeper than that. | ||
| It's about the implosion of their economy and opportunities for workers and for individuals? | ||
| Absolutely. | ||
| You know, when the Chinese people can't feed their family, and there's enough of them that can't feed their families, they get together and they start to protest and riot. | ||
| This is classic economics 101. | ||
| So what you're seeing in China from the mainstream media is all COVID cases, zero COVID. | ||
| That's all nonsense. | ||
| This is definitely being used as a tool to suppress their own people. | ||
| Also, there's bank runs. | ||
| We've been hearing about bank runs for the last six to seven months in China, in certain provinces. | ||
| These COVID lockdowns are used to prevent people from going to the bank. | ||
| So, this is cover. | ||
| They're imploding as we speak. | ||
| The other problem is Japan and South Korea are linked to China as well. | ||
| They have demographic issues also. | ||
| So there's a definite threat of an Asian crisis redo from 1998 that we saw back in the day. | ||
| So even though there may not be a systemic implosion, there's going to be a deep, deep recession for sure in the US. | ||
| And we're predicting China's growth of high single, double-digit GDP growth is over. | ||
| Over the long term, we're looking at 1-3% GDP growth. | ||
| So what you said about China being the engine is over. | ||
| Hold it, brother. | ||
| Don't bury the lead here. | ||
| I'll ask Thayer this when we get Dr. Thayer up. | ||
| First off, the Chinese make all the numbers. | ||
| The CCP make all the numbers up. | ||
| So they're lying all the time anyway. | ||
| However, If a smart guy like you is telling me their growth is going to be 1 to 3 percent, the CCP is not going to last. | ||
| Just not. | ||
| They need bigger growth than that. | ||
| They get too many mouths to feed. | ||
| If you're saying the COVID lockdowns are to stop worker, you know, whether in the Apple factory, Right. | ||
| The slave factories they have or the people in the cities, they have come from the country and say, hey, this is not what we bargained for. | ||
| We want to go home because we can't eat on what you're paying us. | ||
| If you're if you guys are predicting GDP growth of one to three percent, that's going to be massive unemployment. | ||
| I mean, they've got a country got to grow at five or six, seven percent just to kind of keep everybody at some level of subsistence. | ||
| So if you're saying one to three percent, hey, the revolution may not win this week, but it's just mathematically impossible for the CCP. | ||
| The CCP is maniacally focused on their legitimacy, on the roots of legitimacy. | ||
| Their legitimacy is based upon the economic package that they give the Chinese people. | ||
| So, Ed, that's pretty startling. | ||
| You guys have come up with that number and you're going to stick to it? | ||
| Absolutely. | ||
| And it's even worse because given what you just said about the worker unrest and the internal restructuring, typically throughout history, a regime like the CCP that fears its people needs to blame someone else other than themselves. | ||
| So that will likely lead to external conflicts with Japan, Taiwan, maybe South Korea, U.S. | ||
| They need a boogeyman and they're going to come up with a boogeyman to stay in power. | ||
| China's implosion has geopolitical implications for the rest of us. | ||
| Massive geopolitical. | ||
| What Napoleon said, when China catches a cold, the rest of the world gets the flu. | ||
| We know that from Wuhan. | ||
| Okay, short commercial break. | ||
| Ed, I'm gonna ask you to stay over. | ||
| I'm going to bring up Dr. Bradley Thayer. | ||
| We're going to take a short commercial break. | ||
| The implosion of the CCP before our eyes, the global impact of that, the impact in the lives of the citizens of not just the Lao Baijing in China, but also the citizens in the United States. | ||
| Short commercial break. | ||
| Dr. Bradley Thayer, one of the top experts in the world on the Chinese Communist Party and all things China. | ||
| We'll join Ed Dowd and myself in the war room. | ||
| Bring it on and now we'll fight to the end. | ||
|
unidentified
|
Just watch and see. | |
| It's all started. | ||
| Everything's begun. | ||
| And you are over. | ||
|
unidentified
|
Cause we're taking down the CCP! | |
| Spread the word all through Hong Kong. | ||
| We will fight till they're all gone. | ||
| We rejoice when there's no more. | ||
| Let's take down the CCP! | ||
| Here's your host, Stephen K. Band. | ||
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| today. | ||
| Dr. Bradley Thayer has been with us for a couple of years now. | ||
| He's one of our top contributors. | ||
| He's been all... So first of all, tell our audience, because you know this better than anybody, exactly what's going on so people understand it. | ||
| And I do want you to address Ed Dowd's theory, the case of the Zero COVID, because I can't figure this one out either. | ||
| And they've been doing this for a while, and it's come back and gotten worse. | ||
| But I kept saying there's something here that's different than just COVID, right? | ||
| Is it about, are they afraid of, and we know Wan Qishan, I know this from sources I have, that Wan Qishan, really one of the number two or three hatchet men for Xi, has been deeply concerned, Dr. Thayer, about what they call the legitimacy of the regime. | ||
| Well, Steve, it's great to be with you again today. | ||
| My thoughts are these. | ||
| First, of course, what we're witnessing with these protests, of course, and the crackdown against them as a humanitarian disaster. | ||
| made with the Chinese people. Dr. Bradley Thayer, your thoughts. | ||
| Well, Steve, it's great to be with you again today. My thoughts are these. First, of course, what we're witnessing with these protests, of course, and the crackdown against them is a humanitarian disaster. So what we've seen is with the cities broadly, 13 major Chinese cities all have experienced significant protests. | ||
| Those protests have been multi-class. | ||
| They've involved working class people, middle class people, intelligentsia students, which is quite noticeable. | ||
| The party is doing what was inevitable, which is cracking down, but we don't want to detract from the heroism of those people who've participated because they know that they exist in a one party state. | ||
| And that state has formidable capabilities to target dissidents and to punish them. | ||
| So each one of these individuals is incredibly brave for undertaking these actions when they know that with CCTV, with the surveillance software that they have, which is almost omnipresent, they're going to be identified and they're going to be punished. | ||
| Their families are going to be punished and their opportunities, at a minimum, Uh, are going to be, uh, forfeit. | ||
| So each one of these individuals is incredibly brave in undertaking these actions. | ||
| What we're seeing is what we would expect to see, which is the party is reassert is disciplining and reasserting control, uh, over these protests. | ||
| Uh, we want to keep in mind though, that these protests are going to be iterative as COVID Lockdown protests, economic disruptions, economic difficulties, and other measures occur in the future, Steve. | ||
| So we want to recognize what did the protest reveal? | ||
| Well, lots of things, but one of which is the power of these individuals and how people can come together from different classes, from different backgrounds, et cetera, to conduct that protest. | ||
| The parties noticed that as well, obviously, and is going to do their utmost to ensure that doesn't happen. | ||
| With respect to COVID, well, what is the COVID lockdown? | ||
| We want to keep in mind, of course, the political component of this. | ||
| This is a one-party state. | ||
| This is Xi Jinping controlling the Chinese Communist Party. | ||
| And he's going to ensure that his rule and the rule of the Chinese Communist Party is not threatened, either internationally or domestically. | ||
| So the crackdowns of COVID, of course, there's the excuse of the pandemic, but it's also about disciplining. | ||
| It's about getting rid of his enemies throughout the party, as well as within the society. | ||
| And it's about ensuring that there's a deterrent component, that if you are going to stand up against the CCP, there are going to be massive consequences arrayed against you. | ||
| So this is an internal struggle that we're witnessing and we should expect it to occur in multiple forms and to occur in the future. | ||
| It's not going to go away. | ||
| The test between the party, Xi Jinping and the Communist Party versus the Chinese people. | ||
| And so that has been a remarkable event. | ||
| And stunning, of course. | ||
| Hang on a second. | ||
| Tiananmen, what we know as Tiananmen Square, built up over seven or eight weeks, right? | ||
| And then as soon as Lady Liberty, hey, as soon as Lady Liberty appeared in Tiananmen itself in front of the Great Hall of the People, it took a different turn. | ||
| In the West, Scowcroft Bush 41 in the West bailed out Deng Xiaoping and these guys. | ||
| Came in and told them, hey, we'll make everything right with the global compactor. | ||
| You're going to become our manufacturing partner. | ||
| If you look today at that Apple plant, that is the culmination of the World Trade Organization, the most favored nation. | ||
| This is the West shipping the jobs from Ohio, from Wisconsin, Pennsylvania, from the great industrial heartland of our nation to China to slave labor camps. | ||
| And the people saying, hey, we can't do this. | ||
| This is too much. | ||
| But Biden, these guys came out with these sayings, these tweets and these formal sayings that almost implied they're backing Xi. | ||
| So how the bravery of this multiclass, you have workers, you have intelligentsia, you have middle class, you have the professional class. | ||
| How can they sit there and know that there's no cavalry that's going to come? | ||
| And save them. | ||
| As much as the War Room and others, the New Federal State and these other groups here in the West support Lao Baijing and support him, when they see the powers that be in the West, it's going to be a replay of Tiananmen Square. | ||
| How can these heroes, given what we saw in Hong Kong, given what we saw those brave students in Hong Kong, many of whom are in prisons today, Dr. Thayer? | ||
| Indeed, Steve, it's an excellent point. | ||
| These individuals, again, are heroic in what they're accomplishing and the risks that they're running. | ||
| And it's very important for the audience to appreciate that. | ||
| They're living, again, in a totalitarian country that's a surveillance state. | ||
| Uh, and that state has the power to reach out and, and, and adversely affect them and their families. | ||
| And yet they're still conducting it with again, as you observe, right? | ||
| Very importantly, the Biden administration is not going to help them. | ||
| The UN is not going to help them. | ||
| Human rights organizations are not going to help them, but they're nonetheless doing this, uh, on their own, uh, with very modest support from the Chinese diaspora, uh, in, uh, obviously abroad. | ||
| So. | ||
| We have to appreciate that heroism, and we also have to appreciate their steadfastness. | ||
| They know the party's coming after them, and maybe the party has won a tactical victory today and in the days to come. | ||
| But there are going to be other crises. | ||
| Ed Dow did a great job of illuminating economic problems in China, right? | ||
| So there are going to be future COVID policies are going to continue and are still going to generate resentment. | ||
| There's going to be economic downturns. | ||
| There could be international crises that reverberate on China. | ||
| So these protests are going to come back, and you're right to recognize that Tiananmen, the weeks leading up to Tiananmen, but we also want to appreciate that the Tiananmen protests have their antecedents in 1987, with really the rise of a student-led pro-democracy movement that was supported by some members of the Chinese Politburo at that time. | ||
| So what happened in 1989, the Tiananmen Square massacre, really was also a deeper phenomenon that had precedence. | ||
| And so what we should anticipate is that even though they may have suffered a tactical setback presently, in the future, in the months, in the years to come, this movement is gonna come back with a vengeance, and it's a very significant threat to Xi Jinping's rule and to the Chinese Communist Party. | ||
| So hang on a second. | ||
| He was just at the pinnacle. | ||
| The whole world's kowtowing to him. | ||
| He takes out the previous premier. | ||
| He drags him out in front of the world stage, humiliates him. | ||
| He not just lost a face. | ||
| I'm not even sure we even know where the guy is since then. | ||
| The pinnacle power, emperor for life, actually arguably more powerful, more central power than even Mao Zedong, okay, in obviously a much more powerful state, supported by Western partners, by Western capital, by the Western hedge funds, by the Western global corporations, and quite frankly They've infiltrated everywhere, and this is why we're going to do these huge investigations. | ||
| This is why we have the Joint Task Force on China in the new house, the Select Task Force, because Thayer's right. | ||
| You haven't seen any NGOs or the human rights group. | ||
| They've been quiet. | ||
| The U.N. | ||
| has been quiet. | ||
| Geneva's been quiet, where the operating engine room of the U.N. | ||
| is. | ||
|
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Why? | |
| Because the CCP is all over them with money and infiltration and agents, okay, in the universities. | ||
| Where are the protests in American universities? | ||
| Supporting The kids in China, you don't see it. | ||
|
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Why? | |
| They've infiltrated everywhere. | ||
| The political warfare that they've done, the unrestricted warfare, these are tough and cunning enemies. | ||
| And their number one enemy is in the streets of the French concession in Shanghai. | ||
| They're in Beijing. | ||
| These are heroes. | ||
| I would actually argue, as much as my heart went out, we supported the students in Hong Kong, as brave as they were, these are even braver. | ||
| Because this is a brutal totalitarian state. | ||
| And when you talk about a surveillance state, they know every second of every move that you make. | ||
| And they know where your family is and you are seeing heroes that understand by them standing up with the blank white paper and those being out there when they're recognized or when they're dragged away by the police and they've got the police up there that it's lights out. | ||
| That's the heroism that you're seeing in the streets. | ||
| You want to talk about heroism and being motivated? | ||
| See what's happening there. | ||
| Understanding and what Biden put out. | ||
| Is absolutely pathetic. | ||
| It shows the CCP, it shows Beijing, does it not? | ||
| Dr. Thayer, that you're going to get a free pass. | ||
| Crackdown, as much as you've got to crack down, you're going to get a free pass, sir. | ||
| Steve, that's exactly right. | ||
| What Biden did was really the worst that could be done. | ||
| These events require a presidential address at a minimum. | ||
| He should have been on TV supporting these individuals. | ||
| And every aspect of his administration, every department, every agency should be in lockstep supporting them. | ||
| And what you saw with the NSC and Kirby was worse than a failure, right? | ||
| It was humiliating. | ||
| Again, this takes place in the Cold War context. | ||
| There's an ideological warfare component here. | ||
| And by not taking advantage, the Biden administration not taking advantage of the opportunity given to the Biden administration to draw the contrasts between the CCP and its tyranny and how it oppresses the Chinese people and the opportunities and the advantages of the Western system, of the free world was a tremendous mistake. | ||
| The need to take advantage of this opportunity and Biden is blowing it. | ||
| They're not doing it and they're doing that intentionally, right? | ||
| That's the effort to essentially not, as they say, not provoke China, not criticize Xi Jinping, but the problems are deeper than that in the Biden administration. | ||
| And in the West, as you observed in the financial markets, media, Congress, et cetera, you've Very well focused, of course, on elite capture and the problem generated by elite capture and the consequences of it. | ||
| The Chinese people are paying the price, as the American people are in a different context. | ||
| But right now, these protesters are paying They're heroes, and they're going to pay a terrific price, but hey, this audience, the reason I'm doing this, if you don't think you're not going to pay a huge price for this, we've got doubt and fear when we come back, okay? | ||
| The 1930s, in hindsight, was called the Dark Valley. | ||
| Called the Dark Valley for a reason. | ||
| We're going through, starting the journey through the Dark Valley, trust me. | ||
|
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next in the world. | |
| The new social media taking on big tech. | ||
| Protecting free speech. | ||
| And cancelling cancel culture. | ||
| Join the marketplace of ideas. | ||
| The platform for independent thought has arrived. | ||
| Superior technology. | ||
| No more selling your personal data. | ||
| No more censorship. | ||
| No more cancel culture. | ||
| Enough. | ||
| Getter has arrived. | ||
| It's time to say what you want, the way you want. | ||
| Download now. | ||
| Okay, make sure you go to Getter, Ed Dowd's up there, Dr. Thayer, all of us, Cortez. | ||
| I'm putting up stuff 24-7. | ||
| It's absolutely free. | ||
| It's the simplest. | ||
| If I can use it, anybody can use it, trust me. | ||
| Also, make sure you go to MyPillow.com. | ||
| We got the 80%, up to 80% inventory clearance. | ||
| You think you've got Black Friday and Cyber Monday, you ain't seen nothing yet. | ||
| We know everybody's got resources are tight, particularly tight this Christmas season. | ||
| Make sure you give a gift from MyPillow. | ||
| You couldn't give somebody in the War Room Posse something that's closer to the heart of the War Room. | ||
| That'd be Mike Lindell and the great American manufacturing team up there in Minnesota. | ||
| Mike's working to make sure he doesn't have to lay off anybody. | ||
| MyPillow.com, promo code WARROOM. | ||
| Just go onto our Square, toppers, pillows, all of it. | ||
| Check it out. | ||
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| Ed Dowd. | ||
| Give me a couple of minutes. | ||
| You've heard there the direction of China's economy and particularly the impact on our audience, sir. | ||
| Bottom line, demographics is destiny. | ||
| And I can't emphasize enough that China hit its demographic wall in 2020, and they're in a population decline. | ||
| And that's going to reverberate throughout their whole economy. | ||
| It's going to affect their debt that they've accumulated. | ||
| And they're going to be looking at a couple lost decades like Japan did in the 90s. | ||
| That will affect us obviously because a lot of the global growth came from China. | ||
| And you talked about one of our greatest exports was dollars. | ||
| Well, after the Great Financial Crisis, we exported a ton of dollars to China in the form of debt. | ||
| Chinese corporations and whatnot issued debt in dollar denomination. | ||
| So, this is a disaster looming. | ||
| As the dollar goes higher, it puts more pressure on some of the Chinese corporations that issued debt in dollars. | ||
| So, this is going to have knock-on effects. | ||
| We're going into a recession in Q1 and Q2. | ||
| It's a global synchronized recession. | ||
| We haven't seen one of these since 2008. | ||
| And it's going to affect the world for years to come. | ||
| We're predicting recoveries and recessions, recoveries and recessions, much like the 70s. | ||
| We're in a period of stagflation. | ||
| We think there's going to be a deflationary pressure coming sometime next year, end of 2023. | ||
| Then they'll print more money, then inflation, then deflation. | ||
| So the central banks are fighting the end of the monetary debt system as we know it. | ||
| So this is going to affect the U.S., it's going to affect the globe. | ||
| What's going on in China has serious implications for the rest of us. | ||
| The book is coming out on December 13th. | ||
| You're going back for the workshop. | ||
| Was it Cause Unknown? | ||
| You've done all the analysis of this. | ||
| The book is out by Tony Lyons, the guys at At Skyhorse, you can get it on Amazon. | ||
| This thing will shock you. | ||
| Ed Dowd puts his analytical efforts in amazing capabilities to work on this thing about the vaccines and COVID. | ||
| And you're also there for the workshop with Senator Johnson. | ||
| You're gonna be a major player in the investigations and hearings that come. | ||
| Ed, how do people get to you? | ||
| How do they get to the book, get to your site, and how do they get to your social media? | ||
| Social media, I'm on Getter, at Edward Dowd. | ||
| at DOWD. I have a personal website, They Lied, People Died, that shows the theory of the case of the vaccines. You can order the book there, you can go to Amazon. I also have teamed up with my partners in a new hedge fund reforming called Finance Technologies, phinancetechnologies.com. | ||
| That's where the Humanities Project is, where we basically have every country with vaccine excess mortality. | ||
| We just dropped the U.S. | ||
| into the data set, and we dropped Germany as well. | ||
| So we have the U.K., Europe, Germany, U.S. | ||
| We're going to do Canada and Australia next. | ||
| Everybody check it out. | ||
| Ed Dowd, thank you for getting up early and joining us here in the War Room, brother. | ||
| Appreciate it. | ||
| Thanks for having me on. | ||
| Also, totally free, birchgold.com. | ||
| Birchgold.com slash Bannon. | ||
| You get the end of the dollar empire. | ||
| It's totally free. | ||
| We're going to be talking so much about this on the debt ceiling. | ||
| about the US dollar as the prime reserve currency. | ||
| It's absolutely central. | ||
| So make sure you get it. | ||
| It's totally free. | ||
| Get up to speed so you're not just conversing around the Christmas tree having an eggnog with your friends, but you're ready to go to work here in the War Room because this is of the utmost importance to your personal, your family's life, your personal financial life, and also your nation's life. | ||
| Dr. Thayer, you reminded me that Admiral Kirby embarrassed himself, kowtowed yesterday at the National Security Council. | ||
| We'll get to that later. | ||
| I want to make sure people can get your book, go to all the great articles you're putting up on American greatness or The Hill, Epoch Times, all of it. | ||
| You're one of our number one guys. | ||
| How did they get to your writings? | ||
| How did they get to you? | ||
| Well, Steve, they can reach all of my writings at CenterForSecurityPolicy.org. | ||
| Center for Security Policy is one word, .org. | ||
| And then I'm on Getter and Truth at Bradley Thayer at Getter and Truth. | ||
| And the book is doing really well and it's getting a lot of attention. | ||
| So I'm very pleased with it. | ||
| Understanding the China Threat, which I co-wrote with Liao Chaohan. | ||
| We're doing a really looking at the causes of why China, the CCP, Is a threat to the United States and why the United States has to respond to it. | ||
| You just heard Dow say we're going to go through recessions. | ||
| Businesses are going to turn to recessions. | ||
| It's going to be choppy, choppy, choppy for years to come. | ||
| Bradley Thayer has told you the same thing. | ||
| Don't think this is just a weekend phenomenon. | ||
| Watch it very closely. | ||
| One, because these heroes are trying to free China. | ||
| As I keep saying, until China's free, because remember, it's slaves. | ||
| Until China's free, the rest of the world's not free. | ||
| You're not totally free. | ||
| Because we're inextricably bound Thank you, Steve, very much. | ||
| system that the capitalists on Wall Street and the global corporations, the Uniparty and the CCP have put together with the party of Davos. Dr. Bradley Thayer, honored to have you on here, look forward to having you back on for your insights on what's going on in the People's Republic of China, sir. Thank you, Steve, very much. My pleasure. Thanks, brother. | ||
| Okay, back at 5 o'clock. | ||
| By the way, stick around for Charlie Kirk. | ||
| He's going to go. | ||
| Kerry Lake's going to be on him. | ||
| Kerry Lake's going to join us this evening. | ||
| We're going to have a lot. | ||
| We want to get an update on what's going on today, throughout the day in Maricopa County. | ||
| There's a lot going on. | ||
| Follow me on Getter. | ||
| Be back here at 5 o'clock tonight for two hours of more intensity. | ||
| It's only going to get more intense as we get into this lame duck, as we fight to make sure that we save the greatest nation in the history of mankind. | ||
| We'll see you back here tonight. | ||
| Five o'clock on Real America's Voice. | ||
| R.A.V. | ||
| The Word. | ||
| See you then. | ||
|
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It's all started. | |
| Everything's begun. | ||
| And you are over. | ||
| Cause we're taking down the C.C.P. | ||
| Spread the word all through Hong Kong. |
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