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This is the primal scream of a dying regime. | ||
Pray for our enemies. | ||
unidentified
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Because we're going medieval on these 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! | ||
It's Friday, 30 December in the year of our Lord. | ||
2022 is the last trading day of the year. | ||
Okay, we've got a lot going on. | ||
Leading analyst of capital markets and interest rate central banks at Credit Suisse has put out an amazing piece. | ||
It's up on Zero Hedge and other places about the end of the U.S. | ||
dollar, that the dusk of the petrodollar and the dawn of what they call the petro RMB or the petroyuan. | ||
We're going to get to all that. | ||
Steve Cortez is going to join us at the bottom of the hour to talk about An assessment and analysis of 2022 as a year for the economy, a year for capital markets and look ahead. | ||
Also, Axios, a bunch of pieces out about the demographics of shifting population trends in the United States. | ||
And really, Axios got a big piece up about, hey, wait for it. | ||
If your war room. | ||
Audience, the posse, the cadre, you know we've talked about this a long time. | ||
Battleground states of Ohio, Florida, now Texas are kind of off the map. | ||
It's really down to, in order, wait for it, Arizona, Georgia, Wisconsin, and Pennsylvania. | ||
We're going to have Grant Stinchfield join us. | ||
We've got some fire breathers on today. | ||
Grant's with us. | ||
We've got Matt Gates. | ||
We've got Anna Paulina Luna. | ||
We have D.C. | ||
Drano, Rogan O'Hanley, Mike Lindell is going to join us later, Cortez. | ||
We're packed, jammed up here, but I want to start with Caroline Wren. | ||
Caroline, and this is not just the lead story in The Hill today is about Carrie Lake, really the lead story in Axios about Arizona is about Carrie Lake. | ||
I want to get to Carrie Lake and the whole situation in a second because there's a number of things going on. | ||
Carrie Lace got an appeal in Arizona, which on clearly a stolen election. | ||
You just had Abe Hamaday. | ||
I think Abe Hamaday's down to 200 votes right now, and they only let one county kind of even start to look. | ||
It's a complete fiasco. | ||
So you got Arizona power politics still going on. | ||
You have, and we'll get into this with Grant also, you've got this really Shakespearean battle going on on Capitol Hill about the speakership. | ||
And you've got the RNC's chairmanship going on and behind the scenes. | ||
I'm telling people they're already knives drawn on the debt ceiling because I understand that's really our big hunk. | ||
That's our real leverage. | ||
Cortez will talk about that. | ||
Let's go to you first off. | ||
The RNC of it all. | ||
Where do we actually stand on that? | ||
I mean, Ronald McDaniel took some incoming about spending, about focus, about having people's back. | ||
Harmeet came out. | ||
Mike Lindell came out. | ||
A number of delegations. | ||
It looks like they flipped Nebraska, Texas. | ||
People come in and say, I just can't do this anymore. | ||
It's been a little behind the scenes. | ||
I know it's been active, but the media has been a little slow over the holidays. | ||
Get us up to speed on what's happening, ma'am. | ||
Gosh, the race is heating up, and I love the lineup of guests you just said. | ||
Every single one of them has endorsed Harmeet Dhillon or the wonderful Mike Lindell. | ||
And so that's a great lineup of guests you have. | ||
Annapoli and Aluna just released an amazing endorsement, as did Matt Gaetz in support of Harmeet. | ||
There's a big battle going on in Florida. | ||
So we feel really good. | ||
I would say, you know, again, it's just 168 people that get to vote, and the grassroots have stepped up so amazingly. | ||
Scott Pressel and others have led an effort to be contacting their 168 members. | ||
I would say over the holidays we've been a little dark. | ||
Hermit's been flying around a meeting actually with these members and picking up votes constantly. | ||
I would argue that we're in the high 50s, low 60s, and we've dropped Ronna below that 84 threshold, so that is incredibly important. | ||
This is a tight race. | ||
Whoa, whoa, whoa, whoa. | ||
Don't bury the lead. | ||
Are you telling our audience right now that Ronna McDaniel is below a first round win, first ballot win? | ||
That's correct. | ||
She's below 84? | ||
That's correct. | ||
Hang on. | ||
Whoa, whoa, whoa. | ||
She's below 84 now. | ||
She will not win on the first ballot. | ||
That's correct. | ||
Is there any possibility then she could be RNC chair if she can't win the first ballot? | ||
It's kind of like McCrudden, they've got to do one and done, right? | ||
Of course it's a possibility. | ||
The thing about the people in leadership is they like to rig systems to make sure that they can be able to win. | ||
Look what McConnell did in Alaska when he rigged and added in ranked choice voting so there was no way that Lisa Murkowski would have an opponent. | ||
That's what we're seeing happen right now in this race. | ||
The RNC that Rana's team is panicked because they know how much we're picking up steam. | ||
So Florida was a great example. | ||
I talked about this last time about they actually changed the rules. | ||
So the election was supposed to be in mid January for a new chair. | ||
And instead they went and pushed it back. | ||
So now it's on February 2nd or 3rd. | ||
The RNC votes on 27th. | ||
Well, the current RNC Florida GOP chair has endorsed Rana. | ||
The two people running to be Florida GOP chair have endorsed Harmeet. | ||
So that's one where we, you know, we, they can go in and change rules where we have to actually play by the games and, and we're just using the grassroots to be our voice and help us. | ||
But that is the type of games that they're playing behind the scenes that we have to have to deal with. | ||
Um, it is a secret ballot. | ||
I actually think that ends up helping us. | ||
And one kind of fun thing that happened. | ||
So this will be some, uh, you should probably come out, but the, the vote happens on, uh, or sorry, January 27th at Dana Point, California, which is a separate, why are we spending our money in California from Republican donors? | ||
I don't know, but that was Ron's decision. | ||
There's a lot of fun people who are registered to be there on the floor whipping votes, including John Rich, who's come out and endorsed our meet. | ||
You've got Charlie Kirk coming out. | ||
You've got Carrie Lake coming out to whip votes on the floor. | ||
These are all people registered guests to be at the RNC meeting to be whipping votes. | ||
Mercedes Schlapp. | ||
So I think it's going to be pretty explosive there on the floor. | ||
It's going to be a fun, fun week to travel. | ||
But we still have, you know, we have, I guess, 29 days at this point, which is actually a lifetime in this race. | ||
People are flipping back and forth. | ||
So they need to keep hearing from their constituents and we're doing what we can to run these separate races. | ||
Ohio has a GOP race, this is very important, on January 6th. | ||
So whoever the next Ohio GOP chair is will be able to vote in this RNC race. | ||
So we're working to do outreach to them today to find out a very simple question. | ||
Do you plan to vote for Ronald McDaniel for re-election again? | ||
Yes or no? | ||
And if the answer is no, do you plan to support Harmeet or Mike Wendell? | ||
If the answer is yes to that, in my mind, that's who should be your next Ohio GOP chair. | ||
So we're going to be putting up a list of who those voting members are on the Hire Harmeet website. | ||
So look out for that. | ||
If you're in Ohio, you can contact your members. | ||
We need that done. | ||
This is going to come down to every single vote. | ||
It is very tight. | ||
What you're saying right now, when you talk about flip-flopping back and forth, I mean, people have obligated on that list of a hundred have flipped to you, but then it flipped back because deals are being made. | ||
You guys have nothing to offer except Your integrity in your fight. | ||
There may be a couple, three other goodies that the people controlling the apparatus can hand out. | ||
So when you say flip flopping back and forth, what do you mean? | ||
Well, some of those, the list of like 107 Ron releases, a lot of them weren't even real. | ||
For example, Bob Paduchik was on that list. | ||
Bob Paduchik, great guy, is the chair of the Ohio GOP. | ||
He will not be the chair of the Ohio GOP on January 27th when this vote happens. | ||
There is an election happening right now in Ohio. | ||
So a lot of the ones that they put out, I'm like, that person can't even vote. | ||
This is strange. | ||
Same with Wisconsin. | ||
Wisconsin just got a new chair, Brian Schweming. | ||
I don't know him yet, but he wrote an incredible piece that I'll send over to you, Steve, to put up about how we need to start chasing ballots more than votes. | ||
And he seems like a very, very smart guy, which is going to be important, obviously, in Wisconsin. | ||
In Nevada, too, they released the whole Nevada delegation to be that were supportive of her. | ||
Well, in fact, you just saw Michelle Fiore, the National Committee woman, step down. | ||
She got a great new position. | ||
So Seagal Chadha is running there. | ||
Seagal has endorsed her meet. | ||
You've had Seagal on the show a couple times. | ||
So there's things like that happening. | ||
And then you've had others flip. | ||
For example, the Nebraska GOP chair is one we've mentioned. | ||
Some are keeping tighter the vest. | ||
We're not doing the game that Rana is of just releasing names. | ||
We've actually talked to a lot of members who have said, I never even agreed to be on Rana's list. | ||
I didn't know I was on this list until you showed it to me. | ||
Others said she was the only one in the race, and so that's the only reason I did it. | ||
Glad to see there's a competitor. | ||
So this thing is still very, very much alive. | ||
What is this brawl that's going down in Florida? | ||
You would think that of all the other problems we have, Florida's the least of them. | ||
Why is there an issue in Florida where DeSantis just won by 20 points? | ||
The issue in Florida is that We feel like the vote is being stolen from the people of Florida. | ||
The executive committee that you're supposed to, when you're an RNC 168 member, like the state chair and the two committee members, you're supposed to represent the voices of your voters and your primary electorate. | ||
It doesn't matter if you're a Trump supporter, a DeSantis supporter, a Chris Christie supporter, unanimously, they are against Ronna. | ||
The job of the RNC party chair is to unite Republicans, so I must commend Ronna on her ability to unite all factions of Republicans against her candidacy. | ||
She's been very good at that. | ||
So what is frustrating in Florida is that you have two people who are actually going to, one of these two people are going to be the Florida GOP chair. | ||
Their job over the next two years will be to run the party and work with the National Republican Party. | ||
Both of them have endorsed Harmeet, but they pushed the vote back. | ||
So now the current Florida GOP chair, Joe Reuters, is saying he is with Ron a hundred percent. | ||
He doesn't care what anyone in Florida says and he's leaving office anyway. | ||
So too bad. | ||
And to me, that is, that is, A horrible attitude to have. | ||
It is very upsetting, and the people of Florida are very upset. | ||
And so Matt Gaetz and others actually organized a meeting in Florida that's happening on January 20th, and the whole executive committee is being summoned to Sarasota to meet and vote no confidence in Ronna McDaniel and to demand that Joe Gruders do the right thing and vote for Harmeet Dhillon, which is also the vote of the future chair of that state, since he won't even be in office. | ||
So that's why we think it's pretty frustrating, and that's why we're fighting very hard there. | ||
If it's obvious that she's, and you're saying, you're breaking news here that she's under the 84 right now, which is pretty historic and massive given the time, the limited time that's going on, but if they don't think that she can win on the first ballot, I think Reince went to seven ballots, aren't they, if it becomes evident that you guys, you and Lindell and Harmeet and all of them are having an impact, | ||
Isn't what they're gonna do is just sit there and come up with a, oh, Rana's got problems, but we go to XYZ, who's some Bush apparatchik, and what they do is they rally around that, and he'll have no blood on his hands, ma'am? | ||
That is something that we've been watching and worried about, and I feel like that wouldn't be something I don't know if that would happen on the floor. | ||
I feel like it might happen a couple weeks before because one of the 168 members sent what I thought was a very disturbing email to the chain saying, you know, why is Harmeet doing this? | ||
She's going out and talking about negative things about the party. | ||
She should step aside and step down. | ||
What is her endgame? | ||
And her endgame, obviously, is to win this election. | ||
To run the RNC and have it win elections again. | ||
But I would have to ask the same question of Ronna. | ||
Right now, you know, she did a good job. | ||
She's a nice person. | ||
She did a good job, but it's been, you know, five years that she's been in there. | ||
We've lost four consecutive, if you call it the off year, elections. | ||
And it's time for her to step aside and for her to do the right thing. | ||
But even if she doesn't, let's say she wins this. | ||
I continue to ask, what is her end game? | ||
Because right now the grassroots are so upset with her. | ||
How does she go open a community center? | ||
Yeah, but let's be blunt. | ||
Let's be blunt. | ||
They don't care about the grassroots. | ||
They could care less. | ||
They care about the donors. | ||
What are the donors? | ||
In your assessment, since you've been kind of one of the biggest donor wranglers, I would call it, for the Trump movement and the Mar-a-Lago set, what is your assessment? | ||
Where are the donors? | ||
Where's the money going to come down on this thing? | ||
The money people are very frustrated with giving to the party, as they should be. | ||
And a lot of them have stopped giving since 2020. | ||
But more importantly, I think more and more donors are starting to realize that the money game should not just be in party committees. | ||
And this is why I really love Harmeet. | ||
I've been talking about this for two years. | ||
I've come on your show a few times in the past to talk about it. | ||
Republicans fund super PACs and party committees. | ||
Democrats fund 501C3s, for-profit entities, and C4s. | ||
We are playing two totally different games. | ||
The Democrats have literally waged a war against us through public-private partnerships. | ||
And we're sitting here funding these party committees and there's only limitations as to what they can actually do. | ||
So something I found fascinating when I was talking to Harmeet about this problem is what she wants to do is not only decentralize the RNC, but decentralize the money. | ||
We've taken tons and tons of money at the RNC for ridiculous things like the building fund and these like convention funds and parties and games. | ||
Instead, we want to look to set up something that will be almost like an angel investor type of group, where if you come and you say, I want to give $100,000 to a Republican party. | ||
Great. | ||
Well, maybe we only need $50,000 of that to go to the RNC. | ||
Set the other part aside and we set up almost like a shark tank is what we've talked about for donors to come and let people pitch. | ||
Imagine if Scott Pressler was able to come in front of 10 Republican donors and say, I have this idea. | ||
I think I'd be able to register X amount of voters. | ||
And then we have some donors who have set aside their funds to say, I love that. | ||
That's a great idea. | ||
And matching, matching each other's donations. | ||
If we were able to come, Stephen Stern comes on and says, I've got a precinct strategy idea, but I'm going to need another $273,000 to fully fund this. | ||
Well, great. | ||
As the party chair, you don't just have to hoard the money in your own party committee. | ||
That's not how the Democrats do it. | ||
We should go out to these donors and say, Hey, we were just told about a really, really strong idea. | ||
We don't think this is something that the RNC necessarily has the capacity or should be doing. | ||
However, we do think it is a fabulous idea that could help us win elections. | ||
Would you be interested in going to fund it? | ||
And to me, that is why I was so loved when I talked to Harmeet. | ||
She told me she wanted to do this job because that is how we need to look at our funding. | ||
That's how the donors want to start looking. | ||
They're very disenfranchised with the party right now. | ||
Okay. | ||
Boy, if the donors are disenfranchised, the grassroots is disenfranchised, who's actually enfranchised? | ||
Okay, hang on. | ||
The whole Fox News lineup has also asked for Rana to resign. | ||
So, every conservative in the media, the media, the donors, and the grassroots, I'm confused who it is that you have. | ||
When you lose Fox primetime, it's kind of hard to run things. | ||
Okay, we have Grant Stinchfield. | ||
Caroline's going to stick with us. | ||
We're going to get into Kerry Lake. | ||
I want to get Grant's opinion on this R&C, his thoughts and analysis. | ||
Caroline, what you just laid out is what George Soros laid down hard, I think, in 2004 to the Democrats. | ||
He said, we're tired of losing here, guys. | ||
We've got to get organized. | ||
And the evil, cunning George Soros revamped the progressive left around that strategy. | ||
And they've had a pretty good run since then. | ||
Short commercial break. | ||
unidentified
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Back in a moment. | |
Okay, welcome back. | ||
By the way, our lineup today, we've got Cortez on deck, I've got Gates, I've got Ana Paulina Luna, and baby, she is a fire breather. | ||
She hasn't even taken her oath and she's lighting them up all over. | ||
We've got DC Drano, he's on fire about this Pelosi situation. | ||
Colonel Mills is going to join us on some intelligence situations with Facebook and with Twitter. | ||
So we're rolling this morning. | ||
I want to go back. | ||
I want to go to Grant right now, Stinchfield. | ||
Grant, give me your assessment of this R&C. | ||
Caroline's going to hang for a few minutes. | ||
Give me your assessment of her analysis of the R&C and the way you've seen it because I know you have some very… Well-developed thoughts on this issue, sir. | ||
unidentified
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Well, you know, look, Steve, it's not that complicated. | |
I'm tired of losing, right? | ||
And I'm fed up with losing. | ||
And so everybody that's been in power has been a bunch of losers, as far as I can see. | ||
You know, they were fighting when President Trump was in office. | ||
He, like, gave us a boost. | ||
And we had some fighters around that President Trump was giving them backing to fight. | ||
And as soon as he leaves, like, everybody goes back to their spineless amoeba state. | ||
You want to talk about a war within the Republican Party? | ||
Look, we can't afford any third-party nonsense. | ||
I don't want people talking about this. | ||
All we need to do is take our party back, so then we can start the process of taking our country back. | ||
And that's what needs to happen. | ||
And so, Ronna McDaniel, I am with Carolyn. | ||
She's a nice lady. | ||
But I don't need nice right now. | ||
I need winners and I need fighters and I need people willing to go out there and fight these battles in the courtroom. | ||
Harmeet Dhillon, look, she's a whiz. | ||
I get that Harmeet Dhillon is not lighting the place on fire with personality and brimming with screaming and yelling, but she knows how to fight. | ||
She knows how to win in the courtroom. | ||
The Republicans, Steve, were asleep at the wheel. | ||
Not just this election, but the last election as well. | ||
They had two years to prepare for this and they failed. | ||
And this is basically mimicking what's going on in the House. | ||
I know we're going to talk about this with the Speaker's race as well. | ||
So I am in touch with the grassroots. | ||
Quite frankly, Steve, I don't give a rat's ass about the establishment in Washington. | ||
I don't give a rat's ass about about Republican Party headquarters. | ||
What I give a rat's ass about are the people that are hungry to have a country back that they love living in. | ||
Right now, we are under the thumb of not just the Democrats, but a GOP establishment led by McCarthy, led by Rona McDaniel, led by others in Washington that aren't winning. | ||
And it's time we get back to winning. | ||
And so, look, I've been very strongly outspoken on Rona McDaniel has to go. | ||
I've been very outspoken that Kevin McCarthy has to go. | ||
And there is a way to get there. | ||
And so when Caroline tells me that she doesn't have the votes now on the first ballot, this is huge because everybody thought this was gonna be a shoe-in for her. | ||
Oh, what is Mike Lindell and what is Harmeet doing? | ||
It's no shoe-in now. | ||
And these committee members out there that are gonna go vote, Let me tell you something. | ||
How often do we talk about committee members, Steve? | ||
But these people need to be held accountable if they put in the same old regime again. | ||
I think everybody should be on a phone to their committee member from their state who's going to be voting on this, sending them emails and telling them how they feel. | ||
Grant said something there that's very important. | ||
This is kind of blockbuster news because the media said at first, there's like Don Quixote was Mike Lindell and Harmeet was a nice lawyer but not exactly a big charismatic personality. | ||
This thing was locked. | ||
She had it. | ||
It was locked. | ||
It's an insider's game. | ||
Locked. | ||
And now Caroline Wren is telling us, oops. | ||
It's below 84 votes. | ||
That's a big deal. | ||
Then you're talking about, you got Kerry Lake and John Rich and Mercedes Schlapp and other big personalities that are going to show up. | ||
Charlie Kirk are going to show up in Dana Point. | ||
By the way, I think one of the most expensive resorts on the West Coast, right? | ||
I think it's the Ritz Carlton down in Dana Point. | ||
unidentified
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Steve, what are they going to California for? | |
I do radio in California. | ||
What are they coming to California for? | ||
California isn't any friendly state to Republicans. | ||
They want to put our money in there. | ||
This is what I'm talking about by Republican leadership. | ||
Go to a state like Florida. | ||
Go to a state like Texas. | ||
Heck, go to a state in the middle of the country that needs the money. | ||
Go to North or South Dakota for all I care. | ||
But do not go to California. | ||
Yeah, you should be doing it at a Motel 8 next to a convention center like Michael and Del does. | ||
No, seriously! | ||
You don't need to be in Dana. | ||
The one in Dana Point, too, it's like Baroque. | ||
It's got, you know, 18th century paintings. | ||
It's amazing, but it's one of the most expensive resorts on the West Coast, which may be the purpose of it all. | ||
Caroline Wren, let me come back to you. | ||
By the way, Cortez is with us. | ||
He's going to make a defense for Kevin McCarthy. | ||
This whole McCarthy thing is now blowing up. | ||
As we said, and we told you, and I think I broke it first on Getter last night, and then CNN was about an hour later, McCarthy was with the Freedom Caucus leadership, and it looks like he's caved on motion to vacate. | ||
And when I say that, everything else underneath that, right? | ||
The one subject, the conservatives, the, at least verbally, you know, hey, you're going to have representation, you're going to share committees, you're going to do all of it. | ||
Motion to vacate now looks like the debate's between five votes to do it or one vote to do it. | ||
We'll get to that. | ||
In detail in a second. | ||
Caroline, both the Hill newspaper lead story – now you've got to think about this for a second. | ||
There's no more insider that influences insiders and the lobbyist community and the way DC really runs and I think the reason – one of the reasons people love Warren would give you a lot of inside baseball. | ||
The Hill newspaper lead story and Axios. | ||
When both of them, on the last market open day of the year, has got stories essentially about Carrie Lake. | ||
The Hill says she's hurting herself. | ||
Arizona GOP members say she's hurting herself by pursuing this appeal, although Abe hominized, I think, with 200 votes. | ||
And then Axios comes out and says there's been a big realignment. | ||
You know, Stinchfield's taking Texas off the map. | ||
That's not in play because conservative Hispanics outweigh the business community there. | ||
That's not in play. | ||
Florida and Ohio, forget it. | ||
They're MAGA red states, leader MAGA states. | ||
It comes down to, in order, Arizona, Georgia, Wisconsin, and Pennsylvania. | ||
This audience has heard that drumbeat forever. | ||
Well, is Carrie Lake hurting herself by standing up and showing that this election in Arizona was stolen as what's showed with Abe Hammaday yesterday? | ||
It's absolutely clearly stolen. | ||
Is her fighting for the people of Arizona and its sovereignty, is that hurting her image or brand, ma'am? | ||
Well, it depends on who you talk about. | ||
If you're talking about The Hill and Axios, those are both, I would argue, irrelevant outlets. | ||
I'm sure the lobbyists read them. | ||
They're both just recently sold to hedge funds in New York and are read by exactly zero people in the state of Arizona. | ||
So I don't exactly take what they have to say to mean anything. | ||
But if they're trying to act like Carrie Lake is now dumb because of this, then they really, really, really have not been on the ground in Arizona. | ||
The groundswell of support behind Carrie Lake in these election challenges that she's making is truly, truly unbelievable. We've been going, traveling, going through airports, people are stopping her everywhere we go saying, please Carrie, I'm fighting with you, I'm standing with you. | ||
We checked into a hotel in a totally different state. We were there, she was giving a speaking engagement, and there was a Latino individual who was doing the checking at the hotels, did not speak much English, and said, oh my God, are you Carrie Lake? Can I have a picture? So to act like the Hill or these lobby me, yes, maybe she's dead in the mind of the Boeing lobbyists in DC, but who cares? | ||
I know Carrie Lake doesn't. | ||
And so I actually think that she would lose her supporters if she didn't stand up and fight right now. | ||
Every person I talk to, the real people in America, are saying, please, please, please stand up. | ||
The Hill newspaper does what the New York Times does. | ||
They go to McCain. | ||
Remember, don't misinterpret the numbers out of 2022. | ||
What is evident is that there's 10 to 15 percent of people that register as Republicans that will not vote for MAGA candidates. | ||
They hate War Room, they hate Grant Stinchfield, they hate R.A.V., they hate Charlie Kirk, they hate Jack Pasovic, they hate Carrie Lake, Trump. | ||
They're just, they're essentially what Fox has become during its day parts is a center-left, a centrist center-left operation. | ||
And they get these consultants that are McCain Democrats, is what I call them, McCain Democrats out there who say, yeah, it's terrible. | ||
But are you absolutely certain that the base in Arizona supports her fight to take this to the bitter end, ma'am? | ||
I'm absolutely certain that the base does support this fight. | ||
But more importantly, anyone should support this fight right now. | ||
Even from the story that you had sent me, Steve, you said that in there they say there's four states that matter. | ||
Was it Wisconsin, Georgia, Pennsylvania, and Arizona? | ||
That is true, but you've got to hyper-localize that too. | ||
It's not four states, it's four counties. | ||
It's, I believe, Brown County in Wisconsin, in Pennsylvania it's Bucks County, in Georgia it's Cobb County, in Arizona it's Maricopa County. | ||
So Carrie Lake is not just fighting for herself right now. | ||
She is fighting for whoever the future nominee is in 2024. | ||
Not to mention, Steve, we have Senate races in 2024 in these states. | ||
We have a Senate race in Arizona. | ||
We have a Senate race in Wisconsin. | ||
Tammy Baldwin is up. | ||
We have a Senate race in Pennsylvania. | ||
Bob Casey is up. | ||
We have a Senate race in Pennsylvania. | ||
I'm naming off these states. | ||
So Carrie Lake is fighting. | ||
For the entire movement, doesn't care if you're a McCain Republican, she doesn't care if you're a Republican, Democrat, Libertarian, or Vegetarian. | ||
The right to vote and have it to be a free and fair election is essential for a democracy to run, and Carrie Lake will not back down until this is gone through the Supreme Court. | ||
And then, you know what, if it makes it all the way through there and they still say, nope, sorry, we don't agree with you, then she's going to turn around and keep fighting. | ||
She's going to fight in every single way possible to make sure that we have free and fair elections. | ||
Do have to focus in these four counties. | ||
I mean, these four counties are going to determine whether or not we have a Republican president. | ||
Does not matter who's on the top of the ticket. | ||
If we don't figure out how to win in these four counties and really either decide that we are going to fix the way the elections are run or play the game that the Democrats are running. | ||
I'm actually open to both options now at this point. | ||
I'm so sick of losing. | ||
Uh, but, but that's where we are right now. | ||
And so I think that Carrie is doing a service to this entire country and we should all be thanking her for being so courageous. | ||
What's your social media? | ||
How can they track what's happening over this weekend? | ||
Because there's appeals out there, and you're asking for a signature verification to be back in. | ||
The Abe Hamaday situation shows you this thing was stolen. | ||
There's 1.5 million ballots they haven't been able to look at, and that didn't include the other counties. | ||
Hamaday ought to represent himself going to court and keep fighting this thing. | ||
Caroline, what's your social media? | ||
Sure, it's at Caroline Wren on Getter, Truth, and Twitter. | ||
Thank you, ma'am. | ||
man appreciate it. Okay we're gonna take a break we're gonna come back we got Grant's gonna stick with us he's gonna give us his assessment of Kerry Lake he's also give us assessment of McCarthy. Steve Cortez has got an amazing on his substack right now I think the most concise brutal assessment of the economy He's also going to give us some thoughts on McCarthy and this entire situation. | ||
Matt Gaetzleiter, Anna Paulina Luna, Rogan O'Hanley, Colonel John Mills. | ||
We got a lot going on. | ||
D. Mike Lindell. | ||
Packed from here and then a strap in. | ||
Short commercial break. | ||
Back in the war room. | ||
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in just a moment. | |
Okay welcome back. | ||
you We're going to show you when Cortez joins. | ||
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We're going to show you a scatter chart. | |
Okay, don't get sweaty palms, those of you who did not ace high school math. | ||
Okay, it's fine. | ||
Because the math here is fairly simple, but you've got to understand how the economy works and how it links back to your life, how it links back to the country's life. | ||
We're going to show you a scatter graph. | ||
As Cortes goes through his capital markets, you're going to see how 10 trillion – or you're going to see manifested mathematically in a scatter graph. | ||
The 10 trillion dollars that was the 10 trillion dollars that was destroyed because stolen elections, elections have consequences and stolen elections have catastrophic consequences. | ||
And remember, we're the railhead and we're proud of it, of the 2020 election was stolen. | ||
The 2020 election was stolen. | ||
That stolen election, all the problems have stemmed from that. | ||
And now we know the preamble to that, the lead-up to that, was on Trump's watch. | ||
It was his guys. | ||
That was the coup. | ||
It was Chris Wray at the FBI. | ||
It was Bill Barr at DOJ. | ||
There's a whole thing of the laptop from hell and Twitter and all of it. | ||
It starts back in and you can throw in fouching these guys on the pandemic, the knowledge of it. | ||
You can go back to August and September of 2019. | ||
You can look at the whole impeachment. | ||
It all fits together completely and totally. | ||
And we are not conspiracy theory guys here on the show. | ||
But we're going to show you elections have consequences. | ||
Stolen elections have catastrophic consequences. | ||
Let me go back to Grant. | ||
Grant, first, let me ask you about your assessment. | ||
You're a Texas guy, been there for a couple of decades, but you have a great show out in L.A., so you kind of see both ends of the spectrum. | ||
Give me your assessment of Carrie Lake's fight. | ||
These articles in The Hill, the town, oh, she's killing her brand, you know, the suburban mom says she's killing her brand, all these consultants killing their brand. | ||
What's your assessment of her fight in Arizona, sir? | ||
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Steve, you know it's interesting the way you just portrayed how all of this stuff goes together and you go back to 2019 and all of it is why we need to win. | |
All of it is why Carrie Lake needs to keep fighting to get to the bottom of what happened. | ||
You talk about the FBI. | ||
This is directly linked to Kerry Lake because of a lack of action on the FBI. | ||
You know, after the 2020 election happened, when I believed that President Trump had his election stolen from him, we were one of the first to run the video of them pulling those ballots out from underneath the table in Georgia. | ||
And I said, I just want someone to investigate this. | ||
Where is the FBI when it comes to election integrity, election fraud, whatever it may be? | ||
They never really went in and investigated any of that in 2020. | ||
When you have all these machines break down in Arizona two years later, it's not a coincidence. | ||
I do not believe in coincidences when it comes to politics that all these machines would just somehow fail at one time. | ||
It was sabotage. | ||
Where is the FBI? | ||
Now, if you want the FBI to get involved in this, what has to happen? | ||
One, I do believe that you need a change in leadership at the head of the Republican Party, which this gets back to why Rona McDaniel needs to go, because it's about winning elections. | ||
Why Kevin McCarthy needs to go, because it's about winning in Washington. | ||
If we start winning as a party, Then we take back control of Washington because we give the base, the grassroots, the American people what they want, and that is conservatism, American values, government out of my life, and all of this plays together as to why we need to take back control and to get there to take back control is we need these people in positions. | ||
But hang on. | ||
McCarthy's in control. | ||
McCarthy delivered this victory. | ||
I'm giving you his pitch. | ||
He won. | ||
He got the victory. | ||
He's got MTG on his side. | ||
He's got the great Steve Cortez. | ||
He's got many others that said, hey, look, in an imperfect world, we've got to get far off the football. | ||
This guy can do it. | ||
What's your beef then? | ||
I understand that, Ronald McDaniel. | ||
What's your beef with Kevin McCarthy? | ||
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Oh, come on. | |
I mean, none of us can really look in the mirror and tell us Kevin McCarthy has been winning. | ||
We've been getting hit in the face time and time again in Washington, and Kevin McCarthy has been leading that role. | ||
I want people standing up and willing to fight and do the dirty work in Washington, instead of smiling and telling us you're going to do one thing and then ultimately backing down. | ||
If he's really such a winner, how do we get this giant omnibus bill, which is robbing the American people, Including sending all this money over to Ukraine, which I have no idea where that money's even going. | ||
It's probably lying in the pockets of oligarchs in Ukraine. | ||
This is Kevin McCarthy at the heart of all of this. | ||
So you can't tell me he's winning. | ||
We've got to get a guy that we all can trust. | ||
So I believe that guy's Jim Jordan. | ||
Jim Jordan tells me over and over again he doesn't want the job. | ||
But he says that publicly because he can't say he wants the job, because if Kevin McCarthy were to win, it's Washington politics as usual, and then Jim Jordan's knees are cut off. | ||
I said it was Shakespearean, and what I mean by that is like in Julius Caesar, you can't have any blood on your hands when you take down the head guy. | ||
You've got to be like Caesar's wife. | ||
Grant, how do people get to you? | ||
You've got a show that's going to start next year on RAV. | ||
How do people get to you in the interim? | ||
What's your social media? | ||
What's your coordinates? | ||
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Yeah, one, I'm so excited about the show starting on Rav, and that's gonna be happening in January. | |
We don't have a date set yet, but that'll be happening, you know, this month coming up. | ||
Social media, Stinchfield 1776 everywhere, and my podcast, I urge people, please go to my podcast, subscribe to it, Apple, YouTube, Rumble, just type in Stinchfield, and it should come right up. | ||
That's helpful, but Stinchfield 1776 is where you can find me, and GrantStinchfield.com is the website to get to all of those things. | ||
Grant Stinchfield, Warren loves you. | ||
Happy New Year, sir. | ||
I'll see you on the other side. | ||
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Man, you're a hero, Steve. | |
I love coming on the show. | ||
Love you, brother. | ||
Okay, Cortez, I'm going to start. | ||
I understand you've got a very reasoned approach on McCarthy. | ||
I want to hold that to the end, though. | ||
I want to start with your assessment of the global economy and the United States economy. | ||
I'd like to put, if Denver could put up The scattergraph from the Financial Times. | ||
And Steve, as you start, Steve joins us by phone today. | ||
Steve, as you start your analysis, I'd like you to address that. | ||
This chart, ladies and gentlemen, is absolutely stunning. | ||
It goes back to 1871. | ||
Total returns, stocks and bonds in the United States of America. | ||
Capital markets, okay? | ||
And for our podcast to radio audience, point out what's this massive $10 trillion destruction of your wealth, right? | ||
Because stolen elections have catastrophic consequences. | ||
Steve Kortes. | ||
Yeah, Steve, this chart really is a fantastic visual aid for what we've been talking about all year, which is the fact that there's nowhere to hide. | ||
Main Street is getting killed, but within capital markets, both stocks and bonds getting absolutely throttled all year long. | ||
That is the reality, not my opinion. | ||
That is the tangible reality. | ||
Price is truth, and the price doesn't lie here. | ||
And if we look at this scatter chart, if you look in the upper right quadrant, that is when stocks... Hold on, hang on one second. | ||
Can Denver, hang on, Denver, can you put the chart up? | ||
Can we get the chart? | ||
If you don't have the chart, let's go ahead and record it. | ||
We don't have it, I can talk through. | ||
Okay, yeah, why don't you talk about it? | ||
I can just quickly talk it through. | ||
The reality is, it's quadrants, and we can post it on our social media so the folks can see it after the show, because I do think this is really important to show that the vast majority of the time, thankfully, In the United States, because we are a nation of enterprise and grit and doers, the vast majority of the time, both stocks and bonds advance year over year. | ||
And this literally shows 150 years of history. | ||
Now, the biggest gains typically come from stocks, but bonds typically do well in the low single digits in terms of return. | ||
And they are essentially your insurance policy in normal times, in almost all times. | ||
And what really stands out on this chart is the massive outlay And I mean massive, right? | ||
All the dots are basically together. | ||
They almost blur each other. | ||
And then there's one dot all by itself. | ||
And that is the year 2022. | ||
Because unfortunately this year, both stocks and bonds got absolutely throttled. | ||
The Nasdaq down 30% on the year, and Treasury bonds, if you look at the long end of the curve, the TLT, also down 30%, actually slightly more, 32% on the year for long Treasury bonds. | ||
What is normally the safety, what is normally the insurance, what's supposed to be grandma's investment, okay, something that can last for generations, Has turned into an incredibly volatile investment and has traded basically down with stocks all year long. | ||
Why? | ||
Because Biden's inflation has collided with Biden's recession and that is simply the reality here. | ||
So I want to show some charts and I have a new write up on my Let's go to chart number one, please, if we can. | ||
This is University of Michigan Consumer Confidence, and this chart goes back 40 years. | ||
and I call it the Annus Horribilis because it was truly a horrible year for the economy. | ||
Not just financial markets, that's certainly true, but also for the Main Street economy. | ||
So let's go to chart number one, please, if we can. | ||
This is University of Michigan Consumer Confidence, and this chart goes back 40 years. | ||
This index goes all the way back to World War II. | ||
We hit the lowest level in history, the lowest post-World War II level in consumer confidence And if you think about that, to put that in context, the Vietnam War, the Arab oil embargo, the dot-com bubble, the housing and banking and credit crisis of 2008-2009, 9-11, all of the political and economic calamities that the United States has seen since World War II, confidence has never been lower than it was in the year 2022 Under Joe Biden. | ||
Again, not my opinion. | ||
That is what the data actually reflects. | ||
If we go to chart number two, not surprisingly, given this plunge in confidence, this is for the year. | ||
This is the consumer discretionary sector. | ||
So this is the XLY is the ticker. | ||
And in one ticker, you get a whole group of the biggest companies that are consumer facing. | ||
A lot of companies that we frankly don't like very much as conservatives, but nonetheless, they reflect the health of the consumer. | ||
Companies like Amazon and Disney, all grouped together in the XLY. | ||
As you can see on that chart, it is a decidedly downward pattern from the upper left to the lower right, unfortunately losing more than 30% on the year in XLY. | ||
But it's not just the consumer that's in trouble, it's also business. | ||
We go to chart number three. | ||
This is Manufacturing PMI, again, for this year. | ||
I'm really trying to make this mostly a write-up of this year, even though Consumer Confidence I showed four decades. | ||
This is Manufacturing PMI, Purchasing Manners Index, for the year. | ||
And if you look on that chart, once again, unfortunately, the trend is massively down. | ||
The most recent PMI number for Manufacturing, only 46.2. | ||
That is well below 50, which is the break point for growth versus contraction. | ||
And not only that, Steve, but by far the worst in the world among industrial nations. | ||
Because Biden and the corporate media, their constant narrative they keep saying is, oh, these are global forces. | ||
No, we are the worst in show right now, the United States. | ||
Among the G20 countries, composite PMI, we come in at a paltry 44.6. | ||
I cite all of this in my article, by the way, with the links. | ||
We are the worst in the industrial world. | ||
That is the reality right now. | ||
And then one more chart, chart number four. | ||
A lot of this, of course, as I mentioned, is because of Biden's inflation. | ||
Biden's inflation in turn means massive rise in interest rates. | ||
So this is year-to-date 2022 for the 10-year Treasury bond yield, meaning the interest rate. | ||
We started the year off with 10-year Treasury yield at only 1.5%. | ||
It has well more than doubled to nearly 4% right now, $3.84 as we speak today. | ||
Steve, this is why as that yield goes up, bond prices go down. | ||
That's why investors have gotten so rinsed and there has been no safe harbor, no insurance for investors. | ||
And by the way, speaking of investors, Keep your eye on pensions into 2023. | ||
I also give some of the data in my article. | ||
This might be the year 2022 that broke pensions, particularly the unfunded public pensions out there, which even in the best of times couldn't match their liabilities and now are in a systemic crisis headed into 2023. | ||
These are the unfortunate but very real economic consequences of what the Biden regime, along with Republican collaborators, has done to the American economy and to our prosperity. | ||
I want to go back to the, before we go to break, I want to go back to the citrus and pensions because when you see, when you get this up, you see this. | ||
Um, and I tell you, I've got the chart. | ||
Let's go and put the chart up real quickly as we were. | ||
Thank you. | ||
And I, it turns out, I don't think I got it to people soon enough. | ||
So I'll take the hit there for the audience and for the podcast audience and radio audience. | ||
This is what you have to get, uh, go get our email every day. | ||
You got to see these visuals, that chart you're looking at right now. | ||
Everything's bunched, even 1931. | ||
Which is really the worst year of the depression. | ||
That's what brought Roosevelt to power in 32, was how bad 31 was. | ||
31's to the left, kind of the zero. | ||
Look at 2022. | ||
That is an outlier from 1871 to today. | ||
And when I look at that right there, that's $10 trillion of wealth destruction in stocks and bonds, Steve Cortez, but that is the predicate for the implosion of pension funds. | ||
This is why we talk about England. | ||
You're going to find out that these pension funds that try to get returns are so bad. | ||
They got so many kinky investments in them, right? | ||
Derivatives, all of that. | ||
Let's take a break. | ||
We got Cortez on the other side. | ||
We're giving the analysis of the economic and capital markets manifestation of the catastrophe that comes from a stolen election. | ||
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Okay? | |
Short commercial break. | ||
Back in a moment. | ||
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Plus, you get all the live chats and everything, and we'll probably be doing a lot of those over the holiday weekend upcoming. | ||
Steve Cortez, I want to go back to that chart, because we didn't have it at the top of your call. | ||
This chart, ladies and gentlemen, I want you to, even if you have to get it and we'll put it up on our link and you can print it out, you should put that up next to your mirror every morning, because this is the reality of what this regime has done. | ||
With all the happy talk of corporate media and all that, right there is the hard math. | ||
Of total nominal returns from stocks and bonds. | ||
Stocks and bonds since 1871. | ||
1871 in the outlier, even, even the worst years of the financial crisis. | ||
I think in 1906, I think they had a, another panic in 1871, the early 18 seventies, 1906 panic. | ||
The great depression 1931 is up there. | ||
Nothing compares. | ||
To what happened this year, $10 trillion of your wealth. | ||
Wiped out. | ||
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Okay. | |
Wiped out. | ||
Gone. | ||
Bye-bye. | ||
In the car-car. | ||
Okay? | ||
Steve Cortez. | ||
Give me a second, because this lays out one of the reasons we have such little flexibility to do... On top of this one-point trick, you ought to have this chart and you ought to sign it, ladies and gentlemen, and send it to the collaborators, and they are collaborators, and particularly everybody in South Dakota, send it to both your senators. | ||
And you know what? | ||
Send it to Kristi Noem's office and say, Governor, when are you going to step up and speak out here? | ||
About what our senators in a small state did. | ||
Steve Cortez. | ||
Yeah, and by the way, both the senators from Arkansas, too. | ||
Think about all the great patriots in that red conservative state of Arkansas. | ||
Both of those senators, Tom Cotton and Bozeman, voted for this madness. | ||
And they owned this chart and this outlier, which you're exactly correct, 2022 is in the red there at the far lower left. | ||
Again, what you want on this chart is to be in the upper right quadrant. | ||
And for the vast majority of American history, That's been the case. | ||
Bonds do fine. | ||
They don't generally excel, but they do fine, and stocks are where you really make your money over time. | ||
But to be in the upper left quadrant or the lower right quadrant, also okay, because it means you're making money on one side, losing some on the other, but you're basically okay in a 60-40 portfolio, which is sort of the norm for Wall Street. | ||
Where you don't want to ever be is in that lower left quadrant. | ||
There's only three years there, and the other two, 1941-1969, were not very material. | ||
Bonds basically held in, just slightly lost. | ||
The only outlier, literally the worst year in all of American history, going back 150 years to almost the Civil War, Is 2022. | ||
This is what Joe Biden has done to this country. | ||
unidentified
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Okay. | |
This is what capital markets and they are reflecting, by the way, this isn't just too much leverage in the capital market system or just, you know, some problem that's isolated to markets. | ||
No, they are reflecting the weakness on Main Street as, as exemplified, you know, in the charts we showed previously by manufacturing PMI, by the plunge in consumer confidence to an all time post-World War II low. | ||
So this is the sad and tragic reality right now. | ||
Of massive inflation and no growth. | ||
And that is the reality that confronts the United States. | ||
That is what marks 2022. | ||
And it's so important, Steve, I think you're the only show on the air, and kudos to you, for telling the truth about the economy. | ||
Because we know the legacy corporate media doesn't do it, and even a lot of the right-wing or right-leaning shows don't really understand the economy, so they don't go there. | ||
But this is so material, so important to people's lives, right? | ||
Real wages have been declining for 20 straight months. | ||
They certainly don't understand how the real economy ties into capital markets, and then how capital markets ties into both your personal situation and the country's financial situation. | ||
We're going to talk more about this, so much more about this, in the first days of the new year, because this is going to be the framework that everything's set. | ||
I also want to give people a heads up, since we're so far ahead of the curve of everything else, this is why we focus so much on the British situation. | ||
Those pension funds right now, to get returns, they've got so many kinky investments in there, so many derivatives. | ||
I'm telling you, it keeps going like this, and the full impact of this omnibus bill starts to hit in with the Fed. | ||
You could have catastrophes in these pensions. | ||
Steve, it's already starting to happen here in a different way, but it's happening here, and you sent me the article. | ||
I linked to it in my column. | ||
From Politico of all places, right? | ||
Corporate media, Politico, very left-leaning, even they admit this pension breakdown and that the three states, the worst states in the country, the ones you would expect, California, Illinois, and New Jersey, All of them had to add, out of their current account, massive injections, billions of dollars into their pension funds because of the returns this year, as we're talking about, in both stocks and bonds, which were so dreadful. | ||
So, for example, CalPERS, which is the giant California public pension fund, lost $30 Billion dollars, billion with a B. Now, the reason those states, though, their budget, their current near-term budgets are anywhere near in balance is only because of massive federal assistance, massive largesse that was borrowed at the federal level, given to the states the last couple of years, okay? | ||
So they could afford a near-term injection. | ||
They can't afford that going forward. | ||
And if this Biden recession intensifies and all the indications are it's going to, Steve, in 2023, believe me, particularly in places like Chicago, Checks are not going to go out, okay? | ||
To teachers and cops and streets and sanitation workers who are retired and count on them every single month. | ||
As bad as that is for the checks not going out and that's bad, let me tell you, when you look at these charts, Let me be brutally frank. | ||
The people that are not really in the system, and that would be lower-wage African-Americans and Hispanics and people under 35, you voted for it, baby, and you're gonna get it. | ||
I'm telling you, you're gonna end up... That money right now is going to Illinois and California, New Jersey to pay for this. | ||
It's all gonna come out of current taxes. | ||
That's you, and you're not a beneficiary. | ||
You are a group of financial mooks right now. | ||
They are playing you with all the noise, And they're putting the signal on your shoulders. | ||
Let me repeat this. | ||
You look at this analysis. | ||
If you're at lower income wage, African-American, Hispanic, or anybody under 35, the three-card money is against you. | ||
As bad as it is for the rest of the system, you're gonna get destroyed. | ||
Destroyed economically. | ||
And here's the beauty of it. | ||
You voted for it. | ||
It's kind of, you know, It's got a certain Greek tragedy logic to it. | ||
You voted for it. | ||
In particular, all you college kids, all the college kids that voted for this, hey, you're supposed to be smarter. | ||
You're supposed to be smarter than working class people. | ||
You're supposed to be smarter than the deplorables. | ||
You're supposed to be smarter than MAGA. | ||
Well, it doesn't look like you're too smart. | ||
Don't look like it from here, if you understand the math. | ||
Hey, Cortez, hang on one second. | ||
I do, I know you got to bounce, but I want to talk about McCarthy. | ||
We got Gates, Ana Paulina Luna, a lot of conflicting opinions from a lot of smart, dedicated, full MAGA people. |