Dec. 31, 2022 - Bannon's War Room
48:22
Participants
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| Speaker | Time | Text |
|---|---|---|
| This is the primal scream of a dying regime. | ||
| Pray for our enemies. | ||
|
unidentified
|
Because we're going medieval on this, people. | |
| You're not going to free shot 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
|
War Room. Here's your host, Stephen K. Babb. | |
| Thanks for watching. Please subscribe. | ||
| They forgot and never brought to mind. | ||
| Should old acquaintance be forgot and never brought to mind? | ||
| Should old acquaintance be forgot and old lands I'm? | ||
| We two have paddled in the sea, from morning sun to day, but seas between us grow. | ||
| Okay, it's Saturday, the 31st of December in the year of our Lord. | ||
| It is New Year's Eve, the end of the year. | ||
| I want to thank Real America's Voice for helping us always with our end of the year special. | ||
| We've got a bunch of great guests today. | ||
| We're going to give shout-outs to people all day long that have had particularly big years in the Trump movement, MAGA, all of it. | ||
| I want to start, and if Denver's got it, and our producers put up, because this is a chart, this scatter graph that we showed on yesterday's show from the Financial Times in London. | ||
| And I want to make sure everybody incorporates this and comprehends what this stands for. | ||
| In particular for our podcast and radio audience, I ask you guys to please go get signed up for our – go to our site, get signed up for our email. | ||
| You can see every day we put up a lot of the videos and the charts that we do in all of our economic analysis. | ||
| This is a scattered graph that shows the total returns from stocks and bonds. | ||
| Total, nominal returns from the year 1871. | ||
| And we've had a couple of panics since, I think, in the 1870s. | ||
| I think we had another one in the 1890s. | ||
| Had a big one in 1906. | ||
| Led to the formation of the Federal Reserve. | ||
| We had, obviously, the Great Depression. | ||
| You know, we've had booms and busts, crises, etc. | ||
| If you look at this chart, this scattergraph, A super outlier, like an outlier like you can't believe, is 2022. | ||
| Ten trillion dollars, ten trillion dollars of wealth wiped off of stocks and bonds. | ||
| Essentially, the American people in pension funds. | ||
| And this goes to this theory of the case that elections have consequences. | ||
| Stolen elections have catastrophic consequences. | ||
| And if you look at the world as we end this year, with really a new partnership between the KGB and the CCP, you've got Russia and China, not the people so much, but you've got this corrupt leadership hugging each other. | ||
| You've got the Mullahs in Iran. | ||
| You've got Erdogan in Turkey. | ||
| You now have the Gulf Emirates along with Pakistan and, of course, North Korea, trying to consolidate the Eurasian landmass. | ||
| You have an amazing peace by Was it Zoltan Polzar of Credit Suisse that talks about the decline and the end, really the dusk of the petrodollar and the dawn of what they call the Petro-Wan, the Chinese currency, the RMB. | ||
| Massive, major geopolitical relocations this year that are historic and really kick off what I call the Dark Valley. | ||
| It's going to be very much like the 1930s. | ||
| And what we have to do is avoid what happened in the 1930s, is ending up in a kinetic war. | ||
| And right now we have a war in Ukraine that is driven by the American elites and the Biden regime. | ||
| They're funding the money and the cash. | ||
| Even Fox News is talking about it. | ||
| It's been a big cheerleader for this. | ||
| The Russians now, over the last couple of days, have shelled Kiev and other parts of Ukraine, like World War I, World War II. | ||
| That war is not... Bloomberg TV the other day had one expert after the other saying this war is not going to stop anytime soon. | ||
| Well, we told you this at the very beginning. | ||
| Now you have the possibility of a kinetic war in the South China Sea and in Taiwan because of this feckless weak leadership. | ||
| So this year ends On a very tough note, geopolitically, financially, retails had a terrible year. | ||
| Layoffs are about to start. | ||
| But the American people voted for a lot of this. | ||
| I keep telling people under 35 years old, if you look at that chart of the $10 trillion that's been wiped out in 2022, for a sophisticated eye, what it tells you is that it's laid the predicate For these pension funds, and particularly with unfunded pension liabilities, and for public employees in like states of California, Illinois, New Jersey have already been bailed out. | ||
| But also corporate pension funds. | ||
| And for people, you know, the African American low-wage worker, the Hispanic American low-wage worker, and people under 35, you're not really in the system. | ||
| You're not in really the pension system. | ||
| You're not really in the system. | ||
| And you're the ones that continue to vote for this madness. | ||
| You are voting for your own financial and economic destruction. | ||
| And now with this, the gathering specter of a really a kinetic war, you're going to be in the charnel house, just like the women and children in Ukraine, now over 40,000 dead. | ||
| And we've warned about this from the very beginning. | ||
| Today, I want to talk, I want to bring our guys in. | ||
| I'm getting Dave Walsh on energy, talk about the year and going forward. | ||
| We're going to have Anthony Aguero about the invasion of the southern border. | ||
| But I want to start with Mark Mitchell over Rasmussen has done such a good job. | ||
| And Mark, first thing I want to talk to you, just take the temperature, put in perspective 2022 from Rasmussen's perspective. | ||
| You guys have done some amazing polling on directionally where the country is, where people's heads are at. | ||
| What's your assessment of 2022, sir? | ||
| There's a lot of mixed feelings, and this isn't the best time of the year to pull on political things, what with Congress changing hands. | ||
| I think I'm going to maybe opine a little bit later in January on that, as we see what happens when Republicans step into the seat in Congress. | ||
| You know, Biden approvals up a little bit. | ||
| People look around and there's a lot of destruction. | ||
| There's a lot of bad things going on, but it's necessarily not really getting pointed at him. | ||
| And part of that's the media, part of that's academia, and all these other things. | ||
| I mean, you know the challenges. | ||
| Well, hold it, but hold it, but the 18 Republicans, I mean, the victories he gets, and I think these victories are actually massive defeats for the American people. | ||
| Every time he's had something, It's 15 to 20 Republican collaborationists with Mitch McConnell in the Senate that have given him, I mean, why wouldn't the American people, the guys that don't pay that close attention to the news and they just see the, well he funded the government, passed a $1.7 trillion discretionary spending bill and you had, it was bipartisan. | ||
| And Mitch McConnell and 18 Republicans. | ||
| What isn't even close? | ||
| Embrace it. | ||
| And oh, by the way, they stuck in, because they didn't have the votes, they just stuck in the Electoral Count Act, which totally changed everything in the Electoral Count Act that President Trump and everybody associated with it, according to the Constitution, lays out how state legislatures should be involved. | ||
| So why wouldn't Why wouldn't the lower information voter think, hey, what's the beef with Biden? | ||
| The Republicans are supporting him overwhelmingly on these over-the-top spending bills, sir. | ||
| Biden's not popular. | ||
| Biden's platform's not popular. | ||
| People have mentioned this. | ||
| There doesn't appear to be a coordinated opposition. | ||
| Republican leadership is not popular with Republicans and Trumpism is popular, but Trump hasn't really been in the limelight. | ||
| He hasn't been racking up wins. | ||
| In fact, there's been baggage piling up. | ||
| So on the right, there's, there's confusion. | ||
| You know, people look at Trump and they don't necessarily see him as a savior anymore. | ||
| They just, we're in a bad spot. | ||
| They seem to want to get past it. | ||
| Um, and they don't, you know, they're not necessarily giving Biden these successes, but what, what's the alternative, right? | ||
| And you have press just. | ||
| As a filter, like figuring out what gets through. | ||
| But there's a lot of bad news. | ||
| And I have more bad news for you now with the polls about the vaccine deaths that we just ran. | ||
| And it's the numbers are absolutely stunning. | ||
| Before I get to the vaccine deficit, because this is huge, it'll be a massive thing in 2020. | ||
| I want to go back. | ||
| You just made some amazing comments. | ||
| Biden's not popular. | ||
| Biden's program is not particularly popular. | ||
| Trumpism, or the Republicans, there is no organized, as the public can see, there's no organized party in opposition. | ||
| Trumpism among the Republicans is popular, but Trump, because he doesn't look like he's that engaged, not that he's not popular, people just don't know he's the savior. | ||
| Is that essentially your bullet points? | ||
| Right, absolutely. | ||
| I mean, he has his true believers who are on truth social, but people don't look at the Republican Party as winners. | ||
| I mean, we ran numbers for Mitch McConnell. | ||
| They're absolutely horrible. | ||
| In fact, Nancy Pelosi polls almost the same as Mitch McConnell among Republicans. | ||
| So when Trump's not involved, what do people have to look at to inspire them that there's a better path forward than our current situation? | ||
| In your sense, when you say Trumpism is popular, because I've got Dave Walsh on Energy, I've got Anthony Aguero on the evasion of the southern border. | ||
| He's been our frontline reporter there with REV. | ||
| When you say Trumpism is popular, and Biden's program is not that popular, The way the public sees it, with all this mainstream media around it, what is it in that that they like and what is it out there that they don't like generally? | ||
| I mean, just the common sense things. | ||
| Should we have an open border? | ||
| Most Democrats say no, right? | ||
| Should we release violent criminals? | ||
| Most Democrats say no. | ||
| Should we print trillions of dollars and, you know, kick the can? | ||
| Most Democrats say no. | ||
| And yet here we are. | ||
| So you're saying that even with Democrats, because this is overwhelming with Republicans and it's pretty rates pretty highly with independents, particularly get back to this, this really humiliation and fiasco of the of the discretionary spending, what we call the omnibus bill, the common sense, even the basic relatively information voter system goes, this is not right. | ||
| It can't be sustained. | ||
| And we need a change of direction. | ||
| Is that essentially what you're saying on the spending part? | ||
| I mean, it's such a nuanced thing, and there's so many issues, and the Overton window is definitely shifting, but it's still on the right side, right? | ||
| A really good example is we just did a poll about reparations, and still most Americans don't want slavery reparations, but the number's getting bigger and bigger, especially on the left. | ||
| So the amount of people in the Democrat Party that support reparations has increased like a crazy amount. | ||
| Since, like, in the last three or four years. | ||
| And still most Americans don't want reparations, but it's changing, right? | ||
| But things like open borders, still way less popular than reparations. | ||
| Things like the violent crime, like all these individual issues, and they're all moving at different paces. | ||
| But, you know, Republicans are against them, a solid majority, Independents are against them. | ||
| And depending on the one, right? | ||
| Like there's only 30 or 40 percent of Democrats who support open borders, but it's there and growing. | ||
| Yeah. | ||
| Before we finish this segment, I want to ask you about spending. | ||
| Are people now comprehending that the system can't just keep the debt that we're piling up that's financed basically by the Federal Reserve, that there's some limit, there's some point in time where that can't continue? | ||
| Is that starting to seep into the general? | ||
| Because our show, obviously, is people that are very informed. | ||
| We go into a lot of detail about all this. | ||
| But for the general population, is that starting to come in, that the system is not sustainable? | ||
| I'll have to think back and look and take that as homework to figure out the most recent question set that directly got at that. | ||
| I'm thinking back, we ask questions, should the government be bigger or smaller? | ||
| And a plurality of Americans say the government should be smaller, but I mean, it's close, right? | ||
| But specifically about the growing debt, that's probably something we should look at in the wake of the omnibus bill. | ||
| But I mean, by and large, people See all the spending for years, right? | ||
| And what's really changed? | ||
| You know, they hear about the growing debt, but they... In Normieville, right? | ||
| Like, yeah, the price has gone up, but do they tie that to 30? | ||
| The prices in the industry are fresh. | ||
| You've got to make that connection. | ||
| Mark, I know we've got a lot of other polling to go through. | ||
| I want to get to it all. | ||
| We'll take a short break. | ||
| We've got Dave Walsh, we've got Anthony Aguero. | ||
| We're also going to do some shout-outs for people who really contributed above and beyond. | ||
|
unidentified
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It shouldn't be that hard, even on New Year's Eve. | |
| Above and beyond. | ||
| How's that? | ||
|
unidentified
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Okay, and we're going to play a lot of great New Year's Eve music. | |
| How about that? | ||
| Short commercial break. | ||
| Back with Mark Mitchell. | ||
| of brass muscle parts next. | ||
|
unidentified
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There's a lot of detail in the arm. | |
| It's a lot of detail. | ||
| Should auld acquaintance be forgot and auld lang syne? | ||
| Okay, welcome back. | ||
| This is our New Year's Eve special, Saturday, 31 December, Year of the Lord 2022. | ||
| Mark Mitchell joins us from Rasmussen. | ||
| Mark, you do the daily tracking poll. | ||
| I know Biden has come up since the Roe v. Wade situation. | ||
| And, you know, as people watch the mainstream media coverage, they see he's gotten these things passed in the lame duck. | ||
| I think a lot of people don't, the Worm audience understands that it's collaboration, it's Republicans that are making this happen. | ||
| But the overall tone, and Trump stayed at about 48 to 50, pretty steady. | ||
| And Biden's now up, I think, 46 or 47, right? | ||
| His approval has been down lowest, I think, in the 30s. | ||
| But the tonality of the country, do you think people feel right now, overall, as Rasmussen does the polling, then you guys got a great feel for the MAGA Audience, do they feel that because of what's happening, the country's more on the right track or they feel it's less on the right track? | ||
| I mean, it's the numbers are coming up. | ||
| So Biden, you know, entered office lower than Trump entered office. | ||
| It was still pretty high. | ||
| And then he had the snafu in Afghanistan and everything went downhill. | ||
| He got into high 30s, stayed that way. | ||
| People really were upset with him after. | ||
| You know, the extension of the COVID things going into early 2022. | ||
| And he just stayed low. | ||
| And then Roe v. Wade woke some people up. | ||
| And after that, his approval rating rose, especially with Democrats and some independents. | ||
| And more or less has been sticking, you know, 46, 47, high 40s, which, as you said, is about parity with the lowest Trump was for the last three years. | ||
| So Trump got past Russiagate. | ||
| And it was pretty much smooth sailing for the rest of this term, necessarily. | ||
| 48, 49, 50, especially after that tax cut. | ||
| Right track, wrong track numbers have been bad. | ||
| And they got really bad this summer. | ||
| I think right track was in the mid to low 20s. | ||
| I think we got down to 21 or 22. | ||
| It's up to the mid 30s now, but that's still, like, bad. | ||
| 33% or 34%, whatever, of the country. | ||
| I think the country's going in the right direction. | ||
| I think there's, like, looking back at all the polls and just thinking about the year. | ||
| There's a lot, like we talked about before the break, of, you know, introspective discontentment on the right. | ||
| Like, what happened? | ||
| Why didn't we do better? | ||
| Where are our leaders? | ||
| You know, what is the alternative? | ||
| But then also there's this whole overarching thing of just massive divisiveness. | ||
| We're in a really divisive setting. | ||
| I think people, it's been that way for a while, I think people are getting exhausted, but we ran A poll this week and ask voters, who's America's biggest enemy? | ||
| And when you ask Democrats, they think America's biggest enemies are number one, Russia, and number two, Republicans. | ||
| And when you ask Republicans, they think America's biggest enemy is number one, China, and number two, Democrats. | ||
| And then when you ask independents, who's America's biggest enemy? | ||
| They say China, but then number two and number three are Republicans and Democrats. | ||
| And if you add it up, 40% of independents think Republicans or Democrats. | ||
| Are America's biggest enemy. | ||
| So like, it's hard to pull on, but I think a big aspect of this is that there's people that trust DC and there's people that look at DC and say, these people don't represent me. | ||
| We're going to have more polling on Congress and who people think Congress's constituents really are. | ||
| These people don't represent me. | ||
| Things are going in the wrong direction, but like, how can I fix it? | ||
| You know, they look at Trump and I don't, we'll have numbers on that next week too. | ||
| I don't think they see him as an alternative either. | ||
| He does better than Biden and Harris, but not by much. | ||
| So that's, that's a tease for next week. | ||
| And he's at about parity with DeSantis. | ||
| So I don't think they're looking at him as some savior that's going to come in and right the ship, put things in the right direction. | ||
| So I think that that's why I look at these numbers. | ||
| And when I say divisiveness too, it's because of those party issues we discussed. | ||
| One of the trends I've seen over the last couple of months is the biggest differences in the cross tab aren't race, aren't gender, aren't age. | ||
| They're not party. | ||
| They're not even ideology, conservative or liberal. | ||
| The biggest difference on politicized stances is whether somebody approves or disapproves of Biden. | ||
| So it's really fascinating. | ||
| Like Biden doesn't necessarily get a lot of blame, especially from Democrats and independents. | ||
| I think part of that is this. | ||
| Perception of incompetence or mentally unfit. | ||
| We've pulled on that lots of good polls on that as well but he is a representative of what's going on in DC and whether people like it or not and So on almost everything, you know, are vaccines effective? | ||
| Are they not effective? | ||
| Look at Biden approval, right? | ||
| Like that's where the difference is gonna be Let me I want to go back versus this poll was and you've got a lot of Amazing polling that's coming out next week and you're gonna be we're gonna be live on Monday and You're gonna be with us to talk about some breaking quite frankly shocking results of polling you've been doing Have you ever? | ||
| Because this is really what happened and look I'm an anti We're going to a civil war. | ||
| I don't think that's going to happen. | ||
| The reason is one side's going to win, one side's going to lose politically enough over time that's going to solve that issue. | ||
| But it was kind of like before the Civil War when people, it went from people were looked at as opponents and they were looked at as opposition and they had a very different way that they thought about Humanity and also economics that were actual human beings, capital equipment, or in fact were they human beings made in the image and likeness of God and with all the rights, natural rights, that people have. | ||
| And they went to, particularly around the election in 1860, as that started getting heated up, and then obviously afterwards with the results, they all of a sudden shifted that, no, these are my enemies. | ||
| Have you guys ever polled just the question of, are Democrats or Republicans enemies? | ||
| Have you ever polled that before? | ||
| And as such, how did it compare? | ||
| Because these numbers are pretty shocking when people say, hey, Russia's enemy number one, number two is Republicans, or China's our enemy, and number two is Democrats, sir. | ||
| We haven't. | ||
| This is the most recent one that we've done. | ||
| And I mean, I think it shows the signal you're looking for. | ||
| It's good and it's bad, right? | ||
| You look at Republicans and you say, all right, like only about 30% of them see Democrats as their biggest enemy. | ||
| But I mean, that's like eight times more than North Korea. | ||
| So eight times more Republicans think Democrats are the enemy than like North Korea or Iran. | ||
| And it's the exact same on the other side, right? | ||
| And I think there's, you know, let's kick around some ideas of exactly what to ask, because there's a lot of, I think it's like getting into the motivation behind the agendas necessarily, right? | ||
| Because it's not just on the left, there's a lot of mistrust on the left, I think, of maybe the MAGA platform too, which I think is well-intentioned, right? | ||
| So, You know, and then it's where topics like racism might come up, right? | ||
| I think another thing to look at there is if you ask Republicans who's the biggest enemy, and Democrats plus China make up almost two thirds. | ||
| So you could combine those two things there, right? | ||
| And it's this aspect of socialism or communism is perceived as potentially the enemy. | ||
| What is, tease us, just give us, show us a little ankle for next week of the types of things you're polling in that, because you've got some pretty, a couple eye-opening, but you've got a couple of bombshells that, and I think when you release your poll, people are going to understand why there's a huge tectonic plate shift in thinking about a couple of fundamental issues in this country. | ||
| Well, things are definitely breaking through the coordinated info ops. | ||
| And one of them is vaccine safety. | ||
| We were on two weeks ago. | ||
| We ran a poll that was, I think, our biggest poll of the year. | ||
| 41% of people said they had at least a minor side effect from the vaccine. | ||
| 7% said a major side effect. | ||
| So that's like 12 million Americans. | ||
| Huge news. | ||
| I honestly think this poll is way like 10 times bigger. | ||
| And we came out of the election season, you know, going into the election season, it's like, people don't really care about COVID that much. | ||
| Not that many people are dying anymore. | ||
| We thought we weren't going to really pull on it. | ||
| We did a lot of COVID polling. | ||
| Coming out of it, these articles about vaccine safety haven't gone away. | ||
| And I've looked for the polling and it's not out there. | ||
| People aren't asking about it. | ||
| And we've heard anecdotes that other, you know, major corporate pollsters will not touch the topic. | ||
| I looked before I came on here. | ||
| I think Morning Consult's polled like 2.6 million people since COVID began about COVID questions and not one of them has been about like the vaccine safety side effects or sudden death. | ||
| So that's what this poll is on and people have seen the news articles about people suddenly dropping dead or dying early and nobody's asked that. | ||
| And I think a lot of the medical people Uh, have tried to figure out how to use polling because the data I, I, I think they would say can't be trusted, right? | ||
| Um, there's not enough private insurance, uh, data being released. | ||
| It's tough to trust the government numbers on this, not getting numbers out of pharma. | ||
| So how do you know how big the question is? | ||
| And they look at polling as maybe another source of medical empirical data. | ||
| That's not what polling is. | ||
| Polling is like temperature taking. | ||
| And I'll tell you, the temperature here is really hot. | ||
| We asked people, do you personally know anyone whose death may have been caused by side effects of the COVID vaccine? | ||
| We didn't have any idea what the number was going to come out going into that. | ||
| I want you to hold the number because I want people back Monday. | ||
| We're going to release it Monday here on The War Room and it is stunning. | ||
| You're absolutely correct on the coordinated information operation. | ||
| Mark, how did they get you? | ||
| What are your coordinates between now and Monday morning when you're back? | ||
| Where do people follow you? | ||
| Well, people should just have fun, have a drink, take a breath after 2020. | ||
| It's a war room, baby. | ||
| No days off. | ||
| Keep going. | ||
| Show up at our YouTube channel on Monday. | ||
| We'll post your interview, too, but YouTube's going to take it right back down again. | ||
| We'll put another video up. | ||
| Mark Mitchell, you're the best. | ||
| Rasmussen Polls, the best. | ||
| Thank you very much, sir. | ||
| Appreciate it. | ||
| Happy New Year. | ||
| Happy New Year. | ||
| Okay, short break. | ||
| We've got our own Dave Walsh. | ||
| and Anthony Aguero, invasion of the southern border and the crisis in energy, all next in the New Year's Eve special in The Word. | ||
|
unidentified
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♪♪♪ | |
| ♪ Should old acquaintance be forgot and never brought to mind? | ||
| Should old acquaintance be forgot, and auld lang syne? | ||
| We two have had our share. | ||
| back. | ||
| It's our New Year's Eve special. | ||
| I want to thank Earl Murch's voice for always working with us to do these specials. | ||
| Dave Walsh. | ||
| I want to get the chart back up. | ||
| If Denver and our Evercrack production team could pick up my scatter graph. | ||
| And the reason this kind of lays out One of the dilemmas, you've had the total returns there, stocks and bonds, basically how you've kind of tucked your money away, and more importantly how your pension fund, insurance company, all that tucks your money away. | ||
| And it's been a catastrophe. | ||
| It's been the worst catastrophe in American history. | ||
| By not close. | ||
| Look at the scattergraph. | ||
| We're a podcast of radio audience. | ||
| Please come and get all the videos and everything we put up. | ||
| on the war room by going to war room.org and you get a newsletter every day and get this. | ||
| This is from the Financial Times of London, Total Return. | ||
| This is so far worse than 1931. | ||
| Remember, geopolitically, when I laid out at the beginning, you've got this concentration of the Eurasian landmass. | ||
| And American foreign policy, remember, American national security policy since 1914, given, you know, we'd fought in the Spanish-American War and all the way. | ||
| The policy up to then was to stay away from foreign conflicts and make sure that the Monroe Doctrine was implemented in the Western Hemisphere. | ||
| So we had that not to worry. | ||
| But the foreign policy from the guns of August all the way through the fall of the Berlin Wall was we would never allow any single power or collection of powers To consolidate the Eurasian landmass, because then you would have a big problem. | ||
| And we fought World War I. We came in late, but we were the deciding factor in that war because everybody else was so tired. | ||
| World War II, obviously the arsenal of democracy the United States was. | ||
| They really supported our two allies, which are Lao Bajing, the Chinese people, not the leaders. | ||
| Chiang Kai-shek and the Kuomintang and the communists were terrible, terrible people. | ||
| The Bolsheviks were obviously terrible, but the Russian people and the Chinese people took the brunt of the Nazis and the Imperial Japanese Army. | ||
| But our brave men and women, particularly in things like the 8th Air Force over Europe, the bombing of Tokyo, obviously the Pacific campaign, D-Day, all of it, right, was the tip of the value. | ||
| But it was all to make sure we didn't have a consolidation of the Eurasian landmass and then, of course, the Cold War. | ||
| The KGB, Russia, you have the CCP in China, partnering and doing videos, rubbing up on each other, how good the partnership is. | ||
| You have Iran's thrown in there, Pakistan's thrown in there, North Korea's thrown in there, of course now Turkey, and our former allies, our great buddies in Saudi Arabia. | ||
| This whole thing of coming together and the reason that I want you to go to birchgold.com slash Bannon and get the pieces I'm putting out on this series about the dollar. | ||
| Right now I think it's Zoltan Polzar of Credit Suisse has put out this really amazing piece. | ||
| He says it's the dusk of the petrodollar and the dawn of the petrodollar. | ||
| Juan, or Yuan, or RMB, whatever you want to call it, the Chinese currency, the basket of currencies. | ||
| But really, when you read into the piece, it's quite sophisticated. | ||
| And this is where I talk about the BRICS, which used to be Brazil, Russia, India, and China, and now stands for Brazil, Russia, Iran, and China. | ||
| That we're going to slip off the dollar and go to something that's commodities-based. | ||
| The Global South essentially says, hey, we have all the commodities. | ||
| You know, we have the oil and the gas, and we have all the, really, the agriculture, and we have the Amazon, and we have all the natural resources, the mining and all that. | ||
| We don't have any of the restrictions of the environmentalists in the panty waste in Northwest Europe or the United States. | ||
| And that what the United States and Europe have, what they have is this kind of paper thing called a dollar. | ||
| And so you're heading towards a cataclysmic clash of these two. | ||
| And they think they've got the winning hand. | ||
| And this is why I call what we're in now the Dark Valley. | ||
| This is very reminiscent of the 1930s. | ||
| And remember, the 1930s ended with a lot of people trying to come in different directions and try different things from appeasement to different economic models. | ||
| in a cataclysmic kinetic war. | ||
| And you see an old-fashioned war in Ukraine right now, and you see a beginning of a kinetic conflict in the South China Sea and in Silicon Valley West, which would be Taiwan and the island chain off of the Asian landmass in, you know, Japan, the Philippines, Taiwan, really the peninsula of South Korea, and then the littoral nations around the South China Sea. | ||
| Much of this is driven by energy. | ||
| Dave Walsh has been with us from the beginning of the last couple of years. | ||
| Dave, what is your assessment? | ||
| And when I talk about, and people talk about markets coming back and stock markets coming back, one of the things people don't really realize is that the makeup of the New York Stock Exchange is 25% big tech. | ||
| It's 25% companies really built on algorithms that don't really employ a lot of people. | ||
| Remember, Twitter With this huge market cap, Twitter essentially had 7,500 employees, 7,500 total, and he cut it down to 2,000. | ||
| It hasn't had any real operational things. | ||
| So these companies are all algorithm-based, software-based, technology-based, that don't employ a lot of folks. | ||
| 25% of the New York Stock Exchange is made up of tech companies. | ||
| That's where he had the high run. | ||
| Under, I think it's 4%, Of the market capitalization of the New York Stock Exchange is made on energy companies, good old-fashioned energy. | ||
| And I think it's 16% of the FTSE, which is the base of the London Exchange, or what they call the Financial Times Exchange. | ||
| Dave Walsh, your assessment on energy, where we are, you've had this cold winter here, warm winter in Europe, our grids under pressure, you've kind of predicted it all. | ||
| Give us your year-end 2022 assessment, sir. | ||
| Well, on the positive side, Steve, one thing in accordance with the Steve Cortez theory of life, the numbers don't lie. | ||
| The equity markets in the last nine months have massively rewarded the big oil energy sector appropriately for its high value added. | ||
| Its profitability, its growth in the last nine months has been exceptional in equity space. | ||
| The Exxon Mobil, Marathons, all of the Chevron, etc. | ||
| And the major LNG exporting companies from the U.S. | ||
| that are publicly traded have had massive share uplifts. | ||
| Why has that happened? | ||
| I think there's increasing recognition of the, fortunately, of the fundamental importance of fossil fuels to the world's energy supply, to North America's energy supply, as delivered to us now by the laboratory test that we've watched for eight months unfold in Western Europe before our eyes, where the true story of renewables has now been unraveled with That's caused massive importation of energy into Germany, into the UK, Belgium, Austria. | ||
| Most Western European nations have become incredibly dependent on the exported natural gas and oil from Russia and closed down their own coal-fired assets, their own nuclear assets, their baseload, continuous electricity-supplying resources in favor of that. | ||
| And now that that imported energy is missing, seeing the absolute shortfall created by intermittent part-time resources. | ||
| So that laboratory test has unfolded, and now the year ends with a horrendous lab test in the U.S. | ||
| itself of what I've been warning about, and that is the rapid adoption of these part-time, intermittent, and not-ready-for-prime-time technologies. | ||
| Wind and solar is now caused, in the day before Christmas and Christmas Day, massive underreported brownouts and blackouts across the U.S. | ||
| I stand to report that Reuters came out and indicated we had about half a million people out of power. | ||
| Au contraire, the real numbers are unfolding now to be in the millions. | ||
| North Carolina alone, the governor has called for an inquiry because just in the Duke service territory, over half a million people just in North Carolina suffered from five to six hour outages, both on Christmas Eve and Christmas Day, acknowledgedly by the company in their public admission of lack of the energy to serve. | ||
| Lack of enough capacity to serve the demand they were getting for electricity, which is unheard of in this country. | ||
| It's unheard of that we now have reserve margins so low that on Christmas Day and Christmas Eve, and this is going to repeat as the weather gets this cold again, and it will, shortages of electricity, basic shortages, because of the over-adoption of solar, in the case of North Carolina specifically. | ||
| Hold on, I want to go back through this because this is pretty shocking and because it was not reported. | ||
| You say under-reported. | ||
| There was a blackout of this information because, quite frankly, the news services knew this was going on because government officials had to scramble. | ||
| Go back and repeat that because this is fun. | ||
| You said this was going to happen. | ||
| It happened. | ||
| And most importantly, you said, hey, this is not going to be a one-off event. | ||
| And it's not because of people on vacation. | ||
| You don't have enough linemen or power guys. | ||
| This is now baked into the system. | ||
| So tell us what happened. | ||
| And what the real number is, and what does that mean going forward? | ||
| Well, it looks like we had, on Christmas Eve, Christmas Day, and the day after, millions of Americans suffering from rolling brownouts and blackouts, meaning out-of-service electricity, in many more regions of the country that were reported. | ||
| Reuters probably did the best job of reporting something going on across the country that might have led to About half a million folks being out of service, 30% of those in Maine, as they reported. | ||
| They reported seven states with 20,000 or more folks out of service. | ||
| It now appears, specifically, North Carolina alone had over half a million people out of service for hours the day of Christmas Eve, the day of Christmas Day, due to the abnormally cold temperatures, but mainly because, in their own words, they didn't have the capacity of electrons in the system in generation space to serve the demand they were getting. | ||
| LG&E up in Southern Ohio and Kentucky, the same thing. | ||
| So we're getting reports from across the country that there may have been millions of people out of service and utilities acknowledging that it wasn't because of frozen lines or power plants that went offline due to the cold. | ||
| It was because they simply now lack the capacity to have met the peak demand on those days. | ||
| And as everyone kind of realizes, peak demand occurs when it's either extremely cold or extremely hot. | ||
| And that's when the most demand for electricity occurs, as folks are turning on space heaters, heat pumps, and keeping themselves warm through electrical means, which a lot of the country's natural gas, a lot is electricity-based, which is fueled by natural gas largely now. | ||
| You've got a now situation where so much renewable power has been absorbed And it's if solar four hours, five hours a day, if wind seven hours a day, very intermittent inside of that. | ||
| So many baseload assets have now been shuttered, coal and nuclear specifically, and replaced with renewables that now we have very skinny reserve margins for utilities now unable to cope with the coldest. | ||
| And in the summer, it will be also the hottest time periods when electricity demand is at peak. | ||
| You're saying, by the way, we're going to jump to break it once you hang up, but you're saying that in parts of the country that were bitterly cold, this was not about power lines being down, it wasn't about enough workforce being there on Christmas Day, just the simple fact they just didn't have enough basic atoms or electrons in storage ready to go, which is unheard of in American history, right? | ||
| Steve, this is the only dimension, folks, I've tried to remind folks to think about, none of this is in storage. | ||
| Electricity is like the hamster wheel. | ||
| The hamster wheel has to be running all of the time to produce electricity in the system to keep it full of electrons. | ||
| It's a millisecond by millisecond thing. | ||
| So if you don't have the generation capacity running every second of the day, you're out of power immediately. | ||
| That's the problem. | ||
| Now the generation sources have heavily skewed. | ||
| Like North Carolina, about half of their new capacity installed has been solar in the last 10 years. | ||
| Do they badly lack continuous duty, bank load, constant electricity? | ||
| You're a mantra. | ||
| Dave Walsh, hang on for one second. | ||
| We'll take a short commercial break. | ||
| We're trying to get, I think Carrie Lake's going to join us, Anthony Aguero, Dave Walsh, Joe Allen, I think Grace Chong, Captain Bannon. | ||
| It's lively here. | ||
| It's New Year's Eve on our New Year's Eve special Real America's Voice Forum. | ||
| Take a short break. | ||
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| Should old acquaintance be forgot and never brought to mind? | ||
| Should old acquaintance be forgot and Okay. | ||
| Welcome back. | ||
| It's our New Year's Eve special. | ||
| I want to go to Dave Walsh. | ||
| Your assessment at the year end of what you've seen here in the United States. | ||
| What are your thoughts about what portends for at least the beginning of 2023, sir? | ||
| Well, Steve, there's a massive amount of public education that needs to be undertaken in this area. | ||
| Some very simple facts of science and math. | ||
| On energy supply needing to be baseload continuous duty and I've deeply appreciated the forum to be able to start that dialogue. | ||
| You mentioned the equity markets. | ||
| One of the things we face, public utilities used to have a very strong service and reliability mission or mandate handed to them by public service commissions in states. | ||
| That was the number one thing. | ||
| Their mandate to serve the public. | ||
| Well, what's happened over time is some of the larger holding companies Are, you know, the very large equity cap firms on Wall Street, be they Dominion Energy and the Virginias, be they Duke in the Carolinas, Synergy in Florida, be they Nexterra in Florida, be they Entergy XL, companies of that size, Southern Company, who are major, major large cap firms on Wall Street. | ||
| Well, they've got, they've had the EPA in their kitchen now for a long time. | ||
| They've now got the Interior Department in their kitchen, but now they've got activist shareholders who are very green. | ||
| Very ESG driven, the SEC very ESG driven. | ||
| So these big firms, and fortunately, they're only about 20 to 22% of electricity supply, these mega large cap firms, but they have in large part lost touch with that basic mission to serve their regulated ratepayers. | ||
| And are paying more homage to ESG shareholders, activist shareholders, the SEC, the EPA, on Go Green, Go Green, NextEra specifically, the owner of Florida Fire and Light. | ||
| Their whole mission by 2050 is to be net zero as a corporate entity. | ||
| It's not about serving their ratepayers in Florida, to be very direct and blunt. | ||
| And it's about building cheaper capacity, such as solar farms, that basically rob baseload continuous duty reserve margins from ratepayers and shrink them to where you get exposed on very hot days and very cold days to outages. | ||
| The good news across the country, 70% of the electricity is delivered by munis co-ops and smaller investor-owned utilities that don't have the big Wall Street capitalization who are more able to be more forthright about their historic service mission to their ratepayers. | ||
| Dave, you've brought these concepts to the audience over the last two years, and I think people are very focused, even geopolitically, how important it is. | ||
| You're going to be back to kick the New Year off with this. | ||
| How can people get to you over the weekend? | ||
| What are your coordinates? | ||
| I can be reached on Getter at DaveWalshEnergy. | ||
| Thank you again, Steve, and happy New Year. | ||
| Happy New Year, Dave. | ||
| You've done such an amazing job on the beginning of this massive public education process. | ||
| The reality. | ||
| The physics of energy. | ||
| So much happy talk. | ||
| So much incredible happy talk, Dave. | ||
| Thank you very much. | ||
| I want to go to somebody. | ||
| The other massive issue we dealt with this year is the invasion of our beloved country. | ||
| One of the tips of the spear of the Real America Voice investigative unit has been Anthony Aguero. | ||
| Anthony, give us your assessment. | ||
| Where are we at the end of this year? | ||
| First off, given that You have lived down there, given the fact that you know this as well as anybody. | ||
| In 2022, put in perspective, how big is the invasion of the United States of America been, sir? | ||
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It's going to transform our country radically, Steve. | |
| Unfortunately, here in El Paso, as of October already, we've already had over 106,000 encounters here in El Paso sector alone. | ||
| And Governor Abbott has now allowed some of his individuals or his people to come and Put up the 12 shipping containers. | ||
| It's about a dozen of them that were laid out in less than a quarter of a mile. | ||
| Now, all of this is just a big joke, Steve. | ||
| I'm going to be very, very blunt with you. | ||
| Governor Abbott needs to be doing more. | ||
| He can actually use Article 1, Section 10, Clause 3 of the Constitution. | ||
| Down here in El Paso, a lot of people think he's doing a great job at bringing these shipping containers, but it's nothing more than a political ploy when less than a quarter of a mile down from where these individuals, where these shipping containers are being set up at, The feds are literally walking immigrants right up into our country and releasing them. | ||
| Here you see footage of a bus station that, from what I'm being told in my sources, bus up to 2,000 people a night further up north into the country. | ||
| And so it is just staggering numbers on a nightly basis out of El Paso, Texas. | ||
| And a lot of these people are going into red states, Steve. | ||
| Think about it. | ||
| What difference is Governor Abbott doing as a Republican than the other three states that are Democrat? | ||
| California, Democrat governor. | ||
| New Mexico, Democrat governor. | ||
| Arizona, Democrat governor. | ||
| What difference is Governor Abbott doing for Texans as a Republican? | ||
| There is absolutely no difference of what he is doing. | ||
| He is furthering helping the Democrats by shoving these people up north. | ||
| By the way, I said that on Getter and Newsweek Magazine picked it up. | ||
| I said, hey, it's time to stop the games. | ||
| I mean, what Abbott's doing, and they may think this is cute or funny, but they're shipping all these thousands up to stand outside of Kamala Harris's home at the Naval Observatory in Northwest Washington. | ||
| But I said, he should be enforcing an invasion of the country and shipping these illegal aliens back into Mexico. | ||
| That's what we should be doing. | ||
| We don't have time for games. | ||
| I'll tell you what. | ||
| We're going to take a break. | ||
| We had 90 seconds. | ||
| We're going to get back into it. | ||
| Anthony Aguero is going to join us. | ||
| I think we're going to hopefully work out the technical problems and make sure we get Carried Lake up. | ||
| We've got Joe Allen and, of course, the Touchdown Twins, Captain Ben and Grace Chong. | ||
| We're going to get it all in. | ||
| It's our New Year's Eve special. | ||
| I want to thank Real America's Voice for making this happen. | ||
| Short commercial break. | ||
| Back with the second hour of The Word. |
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