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Jan. 18, 2023 - Bannon's War Room
48:52
Episode 2451: Davos: The Oscars For The Globalist Empire
Participants
Main voices
n
noor bin laden
08:03
s
steve bannon
16:26
s
steve cortes
11:10
Appearances
Clips
b
brian stelter
00:14
j
jake tapper
00:10
m
maria salazar
00:41
| Copy link to current segment

Speaker Time Text
steve bannon
This is the primal stream of a dying regime.
unidentified
Pray for our enemies, because we're going medieval on these people.
steve bannon
The reason I got a free shot of 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 try to do everything in the world to stop that, but you're not going to stop it.
It's going to happen.
jake tapper
And where do people like that go to share the big line?
MAGA Media. I wish in my soul, I wish that any of these people had a conscience.
unidentified
Ask yourself, what is my task and what is my purpose?
steve bannon
If that answer is to save my country, this country will be saved!
unidentified
What does it need to master the future?
I think to have a platform where all stakeholders of global society are engaged.
Governments, business, civil societies, the young generation, and I could go on, I think is the first step to meet all the challenges.
Instead of reaching out to the very extreme members of the far right, If Kevin McCarthy wanted to strike a deal with the moderate members of the Democratic Party, that's not something he did.
It's not something, quite frankly, Speaker Pelosi was want to do, reach across the aisle.
And I think as we've seen the nation pushing us ever more towards moderation and towards bipartisanship with these tight, tight Groups of people.
I mean, the Senate was 50-50 in the last cycle.
We had a very slim majority for Democrats, now a very slim majority for Republicans.
The nation's pushing us towards moderation, and yet when you don't have speakers reaching across the aisle, you have them beholden to the extremes of the party, which is, I think, bad for the country and bad for the moderate senators.
If McCarthy chooses to continue moving forward with these extremists, you know, I'm very concerned about the debt ceiling and what that might mean for our ability to raise it.
However, I think there will be opportunities for all of us in the House to work together to make sure that the must-pass legislation gets passed, and I think that could be really good for Congress and really good for the country.
steve bannon
Good morning, extreme members of the far right.
Yes, they would be talking about you, and Davos is obsessed.
Do you ever figure out why Davos is so obsessed and the mainstream media is so obsessed with you, this audience? Why are they so obsessed with it?
unidentified
Because you have a power.
steve bannon
You have leverage. They understand that.
And the awakening. The Great Awakening, obviously we have a spiritual Great Awakening going on, but it's also a Great Awakening of the deplorables in MAGA, of exactly what the power and the leverage that you actually have.
It's all about the debt ceiling, and what I mean by that is that's what Mickey Sherrill, I think she's Naval Academy helicopter pilot from, I think, New Jersey.
No moderate. There's nothing moderate at all about the Democratic Party, nothing.
Their social platform is the most radical extreme platform ever.
She votes in party line with Pelosi all the time.
These people are absolute radicals, and they understand that the only way they keep this con going is the parents have to increase the credit card.
Well, hello, parents. We're not going to increase the credit card.
But everything you're hearing out of Davos right now, it's all, man, hey, the economy, I think it's coming back.
Artificial intelligence is doing this.
We've got climate change, these polycrisis, but man, we've got the economy is going to just roar back.
And China, Li He, who I know extremely well, he was the lead negotiator for the Chinese on the deals, on the light hazard deal that cratered.
And then the skinny deal that we got done right when Li He and his contingent came over here.
After they knew, when the CCP knew that they had a COVID crisis that came here in January of 2020, that was Li Ho. But he's telling us China's back, and we want to be part of the international community, and it's got to be globalization, globalization, globalization.
So they're completely freaked out about populism.
They're completely freaked out about nationalism.
They're completely freaked out at every level.
At every level about the deplorables in MAGA, in America First, actually saying, mm-mm, not going to do that anymore, and particularly the debt ceiling, all these big issues, and Sprinkling the 20, the honorable 20, the heroic 20, and of course the magnificent six are being rewarded with major, major, major committee assignments, and that's even freaking them out more.
Lauren Boebert is on oversight.
You've got the great Eli Crane is on homeland security, which will be the lead of the impeachment of Majorca.
So we're going to get to all that.
Davos is totally in spin mode.
Is Klaus Schwab, is he the best?
I mean, you couldn't make up. He's like Santos.
If you were in Hollywood and pitched these characters in a meeting with film executives, they'd throw you out of the room.
You know, Santos is Zelig meets Forrest Gump meets the talented Mr.
Ripley, right? That's what we call him, the talented Mr.
Santos. Right now he's killing dogs this morning on Morning Joe.
He's killing dogs, innocent dogs.
And of course you've got Klaus Schwab, who's a Bond villain.
Master, the master of the future.
You notice when he goes through the list...
Of the stakeholders. You notice he doesn't say deplorable.
Klaus, come on.
Come on, bro.
How about the deplorables? Put the MAGA. How about MAGA as a stakeholder?
Because, bro, we are a stakeholder.
It's called command by negation.
Okay? And we're negating a lot.
All the madness. Including the Ukraine war, this massive, the $300 trillion that you did for your Great Reset and Build Back Better, right? $300 trillion, you got that?
With all this happy news, of course, Microsoft announced today's biggest layoffs in the company's history, $10,000. Good-paying, high-tech jobs gone.
Goldman Sachs, $3,200 the other day.
Steve Cortez reminds me.
Biggest layoff Goldman Sachs has ever had.
And their numbers came out last night.
Horrible miss because expenses out of control.
Bad bet on consumer. There's more to come.
There's more to come in finance and big tech.
More to come and many more layoffs.
But they're telling me the economy's great.
China's going to lead us back.
It's all good because they're laying it out.
They got to set the predicate.
They got David Brooks of the Atlantic.
Here's what I'm saying. It's so good and we're roaring back.
The only thing that can hurt us is these extremists on the debt ceiling.
We're going to get to all that. Let's go to Davos where it's all happening.
I want to go to Noor Bin Laden.
Noor, can you give us an update on really the day two of the work there?
unidentified
What's going on, ma'am? Hi, Steve.
noor bin laden
Yes, the first thing I'd like to say in response to what you were just saying in your monologue, this is exactly right.
They are terrified. of a return to the 1776 spirit.
This is exactly what they're trying to destroy, because what the Founding Fathers stood for is the exact antithesis of what the globalists are working so hard to implement for humanity.
And so they bring in this panel of ANOs, as I call them, the Americans in name only, to talk about what's going on in terms of politics in the U.S. And the theme, you know, I mean, the title for the panel was America, you know, in parenthesis, bound. And they're talking about the state of politics there and how you have all these extremists.
We're all extremists. Anyone who doesn't adhere to this agenda are extremists.
And the messaging has just been...
Repeated ad nauseum for the past few years, and they even manufacture things such as insurrections in order to justify pushing this narrative onto the people.
And apart from that side note of that specific panel, All the panels that have been taking place so far very much center around what we've been discussing the last couple of days around the digitization of all aspects of society.
And that goes hand in hand with climate change, which is the children horse, as I mentioned, which will enable them, thanks to all the advances in technology, the Internet of Things, 5G progress in the science of metrology, That will allow them to measure everything, everywhere, at all times.
And they have then these different panels that go into this The nitty-gritty of the implementation of such a system whereby we would all be hooked on a grid, but as I mentioned, with a very big focus on climate change.
So the different panels range from mastering new energy economics, decarbonization, infrastructure for a clean energy economy, bending the emissions curve.
And all of this is tied in further with twinning energy with digital Building momentum towards COP28 again with regards to climate change.
So this is very much the rollout of the different ways or the different angles through which they will implement such a system whereby everything is just digitized.
And I'm repeating myself from the previous days where really climate change is what they're going to use to put forward this system.
steve bannon
Noor, your reporting yesterday and the day before was dead spot on.
Today on all media, they're connecting also climate change and others with mental health, and particularly mental health of younger people.
Are they that blatant over there as mental health?
Because I know they've got climate change and kind of our savior is going to be AI, but they're also getting into this mental health thing all day today, kind of carpet bombing it.
On both CNN, MSNBC, all the major papers.
Is that also a big element, as you reported before, that you're seeing this whole issue of mental health?
noor bin laden
Absolutely. There's a specific panel today dedicated on that very topic.
And this goes hand in hand on a larger scale with the whole demoralization, brainwashing techniques of the 20th century, these mass psychological operations that they launch on the population.
It's very obvious with the example of climate change.
They've essentially brainwashed our generation to be so terrified about this so-called climate change.
And again, it's always the same playbook.
fear as the mechanism to then foist these policies on a willing population who are just so terrified that they'll accept these savior-like propositions that they put forward.
It's, again, the same playbook.
Problem, reaction, solution, and climate change, just as a so-called pandemic, is one of those cases.
steve bannon
You know, that gets to your first point about the spirit of 1776.
If anything, from the spirit of 1776, that one third of Americans that really were patriots and fought.
It's not simply liberty and freedom.
It's the grit and cussedness and determination.
That you're going to take on all odds to do that.
Is that what you're saying? That's the counter?
They're trying to break that? That's the spirit they're trying to break, and they come at you with all these massive, whether it's a pandemic, whether it's a polycrisis, whether it's climate crisis, and all the young people are somehow got to be on some sort of drug because they're completely depressed.
Is that the spirit of 1776 they're trying to crush?
noor bin laden
Absolutely, 100%, Steve.
And I come back to my letter to America where I specifically talked about this point where they captured so many aspects of our society, modes of communication, education system, and it just breaks my heart when I see this These younger generations of Americans who know very little about their history, but that is exactly by design because an uninformed population is a population that is easily controlled.
And we are all, I mean, the population at large has just been lulled in this complacency and apathy and just willingness to accept these measures without knowing that they're signing themselves up to the slaughterhouse because we are completely Again, we come back to the topics of education, but precisely as well, censorship and the stranglehold that the globalists have on the media.
And this as well is a very important theme here at Davos throughout the week with panels on disinformation and distrust to share the titles of two of those.
The clear and present danger of disinformation, which took place yesterday with, you know, Brian Stelter.
We know on which side he's on.
And then there's another one called disrupting distrust.
So shaping narratives and controlling narratives is a major theme as well this week because we did such a good job, those of us who are calling out these machinations over the past few years, as we mentioned the other day, to the point where they're changing the nomenclature, that we can for sure expect further efforts To crack down on our speech.
And this, I don't know who, which Eino was it yesterday who was talking about free speech and how we have to curb Munchkin or Manchkin or Manchin, Munchkin we should call him, I guess, who was talking about this.
And no, free speech is absolutely the cornerstone and what will save us.
So that's why I'm fighting so hard for America, because you are the blocker to the globalist agenda.
steve bannon
Nora, hang on for one second.
I know it's cold, but just hang on for one second.
Short commercial break at Noor Bin Laden.
We have Larry Alex Taunton in Davos.
And of course, Steve Cortez.
All next, right here.
Keep it tuned in to The War Room.
brian stelter
...room and the news publishing perspective, and then we'll work our way toward some of the political parts of the conversation.
How does this discussion of disinformation relate to everything else happening here today in Davos?
unidentified
Well, first, thanks for having me as part of this conversation.
As you can imagine, this is something I really care deeply about.
So I think if you look at this question of disinformation, I think it maps basically to every other major challenge that we are grappling with as a society, and particularly the most existential among them.
So disinformation and the broader set of misinformation, conspiracy, propaganda, clickbait, you know, the broader mix of bad information that's corrupting the information ecosystem.
What it attacks is trust.
And once you see trust decline, what you then see is societies start to fracture.
And so you see people fracture along tribal lines, and that immediately undermines pluralism.
And the undermining of pluralism is probably the most dangerous thing that can happen to a democracy.
So I think if you're spending this week thinking about the health of democracies and democratic erosion, I think it's really important to work your way back up to where this starts.
steve bannon
Yeah, yeah. We're worried about that.
That's where we control the House.
And now, as media is reporting, we control all the important committees.
And this is all about the debt ceiling.
This is about money, power, and control.
Okay? And we're in fifth-generation warfare.
As the Chinese Communist Party calls it, unrestricted warfare.
This is the psyops, information war, cyber part of that war.
This is the way we also cut the defense budget.
With economic warfare, you can cut $100 billion out of the defense budget.
Disinformation, misinformation.
Steve Cortez, Brian Stelter.
A long way from Towson State to now the Harvard Politics Institute.
That little kind of Humpty Dumpty is resurrected himself at Davos leading at disinformation.
For the audience particularly, what I want you to do is go back to impeachment, to pandemic, which you've watched and listened to the last couple of years.
You're thinking, adults, weigh and measure what you hear in the war room and about all the topics we talk about and how the mainstream media covers it.
It's a free country.
Just weigh and measure it. You come to your own conclusion.
You talk about disinformation, misinformation, and clown information, but Noor's right.
It's all narrative control, is it not, Steve Cortez?
steve cortes
100%. And, you know, who knew, right, that we would need Davos to resurrect and bring back the potato Brian Stelter?
He's back. And by the way, the audacity of Stelter and then the editor of The New York Times, Sulzberger, to be talking to us, to be lecturing us about the truth from news organizations, formerly CNN, currently New York Times.
For example, among the many hoaxes that they have perpetrated for years, the entire Russia hoax fiasco, one gigantic lie that continued throughout the Trump presidency, which was inflicted on the American people, largely by those very corrupt institutions and those platforms.
And by the way, speaking of anyone who uses the term disinformation or misinformation, Tune them out immediately, okay? Because that is somebody who is trying to force narrative down your throat, and they're going to use the guise of supposedly cleansing the information highway to do it.
So the phrase in and of itself is absurd.
By the way, speaking of lack of trust in media, if we can show chart number one, I want to show this over time.
This is a poll from Gallup that goes back 50 years, all the way to the Early 1970s, and they ask a simple question. Do you have trust in corporate media, in mainstream media?
That number has been cascading lower for decades.
It has, in fact, been cut in half.
The number of people who say they have a great deal of trust in media, 50 years ago, it was 68 % of Americans, a strong supermajority.
That is the top line, the darkest green line there on the chart.
68 % said they had a great deal of trust.
That has been cut in half to only 34%.
The lower line, the dotted one at the bottom there, that's sort of the lime green line, people say that they have no trust, none, in media.
That number was only 6 % in the early 1970s.
It is now 38%, more than six times higher, who say they have no trust in the corporate media.
Steve, it's terrible news for the country.
It is great news for your show, though, because it shows why your show is so badly needed, why it is so successful, so wildly popular.
I travel a lot everywhere I go all over the United States.
Strangers introduce themselves to me and immediately start talking about how important this show, The War Room, is to them and how proud they are to be part of The War Room Posse.
So you are doing great work in a field that is unfortunately entirely corrupted, basically, outside of this show. I've got the easiest job in the world.
steve bannon
All we have is a platform we provide for some of the smartest commentators, analysts, and contributors, guys like yourself.
I want to go to Noor off of that.
Noor, how was Stelter and Salzberger received?
I take it the minions of Davos, the Grand Dunes.
Davos man is lapping this up nonstop on the narrative that the extremists That the MAGA extremists, or what did Salzberger say with knitted brow, this misinformation and disinformation is the core of every major issue today, ma'am? Listen, all these people get the red carpet rolled out to them.
noor bin laden
And as I said yesterday, they're all drunk on their scraps of power.
But for sure, especially Americans who are actively working against their own country in favor of helping push the globalist agenda, they are being treated very well here, much better than independent journalists calling out the globalist machinations and speaking badly in their eyes of the forum in itself and the agenda.
And to that point, just one thing.
Go ahead. To that point, speaking again about the ANOs and the panel they had yesterday, I mean, they were so unhinged and that Salazar woman was so unhinged how she was speaking about Americans and how they should keep bankrolling this manufacture crisis in Ukraine.
Like, without any limits, because, you know, she's from Cuba, so understands something about communism, supposedly. But the thing that I just want to say to wrap up in more general terms is that here at the WEF, there's one thing that we have to understand is that they, with the capture of all the information ecosystem,
as they mentioned on the panel yesterday, they are using the illusion of openness and transparency to push controlled change while quelling public distrust.
And so everything about the disinformation and misinformation industry, as they've coined it, is about just keeping the naive public uninformed so that they just can keep pushing their controlled change on us.
steve bannon
No, what they feed off of is low-information voters, and that's why in the show we try to pump out as much information, the immersive experience as possible.
If you get the information, you will understand how they kind of control you and, quite frankly, how to basically crush you economically so they can live better.
Noor, I know you're putting stuff up all day long.
We're trying to get you back on the evening show.
How do people get to you?
noor bin laden
Yeah, and this is something that the founding fathers understood.
Perfectly well how important and how much of a cornerstone free speech was for precisely that reason.
So my handle both on Getter and Twitter is at Norville Madden.
Thanks so much for having me on, Steve.
steve bannon
Noor, thank you so much.
Great, great reporting. By the way, Cortez, she nailed Salazar.
We're going to get to Salazar after the break because I know you've got a particular – we could only get a small clip of her madness, but it was beautiful to behold and remember she's a Republican.
Let's go to Larry Alex Taunton, who's also there with Fixed Point.
Larry, you wrote some great pieces over at Daily Wire in the lead-up to this about Klaus Schwab.
In all of Davos and what they're trying to do with the World Economic Forum, has actually being there in person lived up to your expectations?
unidentified
Both yes and no, Steve.
I mean, on the one hand, I mean, this kind of reminds me of that old Bond movie, you know, on Her Majesty's Secret Service.
You have, you know, Kojak, Telly Savalas, you know, petting the cat high in his alpine retreat.
You know, that's what Davos is.
You know, it's just a ski town like any other ski town that you would find, a little ski village that you would find scattered throughout the Alps and the Pyrenees.
However, you know, kind of what's disappointing when you get here It doesn't quite live up to all of your expectations.
And yet, getting here, Steve, I immediately understood a few things that I just simply couldn't understand from far away.
And one of those things is why the John Careys and the Gretchen Whitmers and people like that want to come here.
And you realize that it's because here, where they're not popular at home, I don't know that they could attract flies at a luncheon, at least not in my state.
But here, they're treated like rock stars.
I mean, this is the Oscars for globalist politicians.
And you sense that when you're here, because you have all these young people walking around with their Their World Economic Forum swag and wearing hats to say things like, you know, silly things like, I'm a global citizen, you know, and this kind of thing.
And they're all trying to get a look at these people who are part of the globalist pantheon.
And, you know, those are just things you were not going to perceive from being far away.
You needed to be here to see it.
steve bannon
And incredibly perceptive.
I'll tell you, Larry, hang on for a second.
We're going to take a break.
I got Cortez. We got a lot more clips.
We're going to talk about the economy, big news coming out of the capital markets.
We're going to get to all that. But I think Larry said something.
It is the Oscars of globalization, as The Economist tells us, which is the trade magazine for Davos, the World Economic Forum.
They're nervous. Because globalization is coming apart.
Why is it coming apart? Because of populism, nationalism, America first.
People want the manufacturing jobs back here.
They want protectionism.
They want high-value-added jobs.
And the globalist project is over.
Of course we're going to fight tooth and nail in that every day.
They're not just going to give up.
They have power, they have control, and they have money and lots of it.
That's the whole thing about the death ceiling.
The death ceiling fight is to stop using your credit card.
They're using your credit card to destroy you.
Think about that for a second. That's the whole purpose of this fight.
If you pull the camera back, they're using your credit card to destroy you, your family, and the future generations.
Short break. Larry Alex Taunton is in Davos.
Steve Cortez is riding shotgun.
maria salazar
We'll be back in a moment. Because not only we need those hands, like the Congress, like a senator was saying, but we need to also give dignity to those people who are in the country.
And those are the people that I represent.
We're talking about 13, 15 million people who are, most of them Hispanics, I would say 85%, who speak my language, look like me and sound like me, that are contributing with the economy of this country and they live in the shadows.
So it's time to seal the border, like she said, put order, let's see who comes in and who doesn't, and then turn around and give dignity.
That doesn't mean path to citizenship, that means to include them and make them dignified members of our community.
steve bannon
Okay, welcome back.
Steve Cortez, she said a lot of crazy things.
By the way, there's 20 to 25 million.
We've let in 5 million.
Her numbers are just off.
You ought to get the math right if you're going to talk.
And trust me, she's talking about amnesty.
She's talking about full citizenship.
Don't let her fool you for a second.
Steve Cortez, you've been to the tip of the spear on this.
She is a particular burr under your saddle, sir.
steve cortes
Yes, she is.
Because she claims to represent the Hispanic citizens of the United States.
And she does not. Because Hispanic citizens, contrary to media narrative, contrary to the musings of Representative Salazar, we are not soft on border issues or soft on migration.
The tens of millions of Hispanic citizens of this country who came to this country overwhelmingly by legal means, we are just as interested, just as committed to border security and to the integrity of the sovereignty of the United States.
as any other ethnicity, as any other race in the United States.
The fact that Salazar is a Republican is really a disgrace.
It's also a disgrace that she comes from the great state of Florida.
Florida has given us such amazing Republican America First leaders, from the fantastic governor, the best governor in America, Ron DeSantis, to representatives like Byron Donalds and Matt Gaetz.
It's a state, the Sunshine State, has blessed this country with amazing elected officials.
And then we turn to Salazar, somebody who needs to be primary.
Look, she always prioritizes illegal migrants who trespassed into this country.
That is the reality.
The reality is those illegal migrants are competing in the labor market unlawfully and unjustly against American citizens.
And thereby depressing wages in an era where we are suffering from 21 straight months of declining real wages because of the inflation and low growth crisis that Biden has inflicted upon this country.
Look, open borders are always a terrible idea, but it's a particularly pernicious and awful idea in a time of intense economic anxiety for working class people in this country.
So Salazar is totally wrong on this issue.
And as Noor mentioned in the previous segment, she's also just as wrong on Ukraine.
Remember, she's the one who had a disastrous interview with Tucker Carlson after she called for the US to directly militarily intervene and enforce a no-fly zone in Ukraine.
Which would end us up in World War III in a hot second if that were to be instituted.
So she's reckless, she's incredibly liberal, and she's obviously a very committed globalist who doesn't give a crap about her district.
That's why she's over in Davos spewing nonsense to fellow globalists rather than protecting and advancing and advocating for the prerogatives of American citizens from her district.
steve bannon
The power of this show, we had Gallagher who is going to, you know, Gallagher is, and I've got a lot of questions about Gallagher.
He's a Marine Corps officer, very good man, but too much of a neocon, a little bit too much Tom Cotney.
And, you know, he's going to head the China panel and you got to get focused on the CCP. He was going to Davos.
And, you know, we highlighted in the show on our getter.
Other people did, too. He, you know, waved off.
The reason that I want to go to Larry Alex Taunton, who brought this amazing point.
The people you're seeing there are backbenchers here, and they really kind of they don't get a lot of coverage.
Because, quite frankly, what they try to sell here is not sellable.
But they go to Davos, and you see these backbenchers like Mickey Sherrill and Salazar, and they're treated like rock stars and given big platforms.
The reason is they are rabid globalists.
Larry Alex Taunton, is that the narrative that they're selling nonstop over there as globalization is still alive and kicking?
unidentified
Oh, yes. Hugely.
And that America is all in.
That Americans are all in on globalization.
That's the narrative here.
And you can see that they're leaning into, like a cat being scratched behind their ear, the warmth reception that they receive here, because they're perceived to be on the cutting edge of globalization.
But there's another element to this, Steve, and I really enjoyed I appreciated what Noor had to say earlier because she's been inside listening to some of the panelists.
I've been moving quietly among the attendees.
I mean, we have more than 50 heads of state, more than 100 billionaires.
And there are more than 600 CEOs who have attended this, and they're getting the bulk of the attention.
But there are almost 3,000 attendees.
I mean, Davos is crazy.
It's insanity, all that's going on there.
Automobiles can barely move.
And I became very interested with the young people that you see, you know, who are here and sitting and listening to them and having conversations with some of the panelists who are on, you know, some of the less premier stages.
You know, they're not marquee names, but they're people who are, you know, discussing globalization and artificial intelligence and these kind of things.
And it fascinated me because What you hear from them, and again, not really identifying myself from my own agenda, they're just assuming I'm just another guy, another globalist that is here to worship the same pantheon that they do.
But they all begin the conversations, Steve, with the kind of nonsense rhetoric that The World Economic Forum is putting out.
And if you want to be a real insider, by the way, at the next soiree you attend with globalists, it's Weff. They all say Weff.
That's the way they speak it.
And as they say it off the German tongue, it comes out a little bit like a slightly exasperated hump.
But at the Weff, you have these people who are all using the language of globalization and they keep using the word sustainability, the sustainability of this, the sustainability of that, and so on and so forth.
But when you start drilling down and asking them questions, you know, do you have any skepticism about the use of AI? How about population, you know, reduction of population?
That's when they begin to speak in hushed tones.
And they begin to acknowledge some of their own misgivings about what the World Economic Forum stands for.
And when you start really pushing them on points like, I mean, you do understand, you know, this came out of the Club of Rome's, you know, white paper, the predicament of mankind and the limits to growth and the, you know, the first global revolution.
You know, all these papers, all of them having the same thing The same thesis, and that is overpopulation.
And these themes, they're kind of discussed on the fringes, but seldom do they make it into the main sessions.
But everybody knows that really is the driving force of what the WEF is really about.
And some of these young people who are hangers-on, they're a little bit like groupies.
They need more attention because those are the people who are being seduced by a lot of these kinds of ideas.
steve bannon
Oh, yeah. Yeah.
And they become the influencers.
This is where you get the Grettas.
unidentified
Exactly. They don't understand what secular utopianism really is, and that all of this nonsense has been tried before.
I mean, there's really nothing new about the ideas that are being pushed here.
And you see, you begin to understand, Steve, another thing hanging out here that you begin to discover is that Schwab is an engineer.
You know, and he uses the language of an engineer.
We will build it.
You know, this kind of language.
Well, most of the attendees are also technocrats just like him.
And you understand why the World Economic Forum lacks a moral core.
And it's because they've really ignored the humanities, and they've utterly ignored They do a good job of saying that they're having dialogue and conversation with people who represent other viewpoints, but at the end of the day, they really don't.
So the World Economic Forum, it lacks an anchor.
steve bannon
Yeah, it's a counter-religion, and you're very perceptive.
This is why the spirit of 1776, remember, was grounded in the Judeo-Christian West and the tenets of that, and that's what they...
Larry, it's fantastic.
We're having you back on. Larry, Alex Taunton, how do people get to you during the day?
How are you live-streaming, or how do they get to you?
What is your social media?
unidentified
Yeah, they can reach me on Twitter at LarryTaunton, T-A-U-N, And they can also go to my website at larryalextaunton.com.
So, Steve, it's great to be with you.
I really enjoyed it. And Cortez, I look forward to smoking a good Cuban cigar with you again sometime.
steve bannon
Larry, thank you so much, brother.
All right, bye-bye. You keep hanging out with the...
We had the inside story and the outside story.
Cortez, Larry Alex Taunton gets to the basic point here.
You know, Klaus Schwab is a precision engineer.
And you know a lot of Davos, man, are the grundoons, the spearholders in the banks, in the information business, are technocrats.
They're trained as MBAs.
They're trained in the technology of finance.
They're trained in the technology of high tech.
It's not that it lacks a moral core.
What it's trying to do is shift away from the moral core of the Judeo-Christian West, get the technology part. Steve Cortez.
steve cortes
No, correct. They're not agnostics.
They are highly religious.
They're incredibly devoted to secular humanism as their faith.
And in that regard, really, Davos is kind of the Mecca of multilateralism, where they are all worshiping at the altar of largely sustainability.
That is really the buzzword that they often use.
As the excuse, as it were, to pursue this utopian technocratic vision of a secular humanist world.
And it, of course, disregards the soul.
It disregards the family, tradition, private property, faith, all the things that bind an actual strong society together.
So we need to be very realistic about what Davos is and what its aims are.
And by the way, you know, to your point, Steve, It's not working.
That's the reality, okay?
It is not working particularly economically for people around the world.
Not my opinion. That is the opinion of the masses worldwide.
As we mentioned yesterday on the show, Edelman, the communications giant, international giant, they do a worldwide survey.
They've done it every year since the year 2000.
Tens of thousands of people all over the world and asked a very simple question.
Are you going to be better off in five years than you are today?
Well, unfortunately, here in the United States, Only 36 % of Americans believe that they're going to be better off.
That is the lowest in the history of the survey.
But America's hardly alone in that predicament.
As a matter of fact, out of the 28 countries that were surveyed, 24 of them hit a new all-time low for the survey.
Half of the countries, 14 out of the 28, declined on that question of economic optimism, declined by double digits, Steve, from just last year.
So it's not just that people are pessimistic and that they're losing hope.
in their own personal economic future.
It's also that the trend is accelerating downward.
The trend is worsening dramatically.
This is the failure of globalism.
It has been magnificent for those who are part of the credentialed elite, who are part of the ruling class.
The cronies who are gathering right now in Davos to toast each other with expensive champagne.
It's been great for them.
Okay, they have devised a system that works very well for their self-aggrandizement, but it has been misery for the masses globally.
And again, I'm most focused, of course, here on the United States.
America first, always.
And here in the United States, The deplorables have suffered from decades of globalism.
They were starting to get a respite, thankfully, under the leadership of President Trump that was then rudely interrupted by the China virus.
We need to get back to that era, to that era of protectionism.
You mentioned it before, Steve. Protectionism is not a dirty word, even though a lot of Republican establishment figures want to think it is.
We should be protecting the prerogatives and interests of American industry and of American workers against predatory trade against the Chinese Communist Party, which uses its own either slave or quasi-slave labor to manipulate the market.
steve bannon
Steve, hang on for one second.
You talked about the core of the Judeo-Christian West, the family, virtue, all of it, self-determination.
In Davos, that's extremist talk.
You're now officially an extremist.
You talk about sustainability, this is what we say about the debt ceiling.
How is it sustainable?
Yeah, I don't think so.
Only if you increase the credit card.
Okay, we're going to get all to it.
Cortez on the other side.
unidentified
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Yeah, it's the insanity of the building behind me, which is a real insanity.
Let's not minimize that. And a little bit is us in our business.
We in the media, I think we've been a little too negative, frankly.
And I include myself in some of that.
And there's a lot of negative stuff to write about.
And so I'm not saying we're wrong.
But I think one of the things you've seen is a radical rise, 150 percent rise in the number of headlines that are meant to make people fearful and angry.
And there's a lot of angry stuff to be going on, but I think if it bleeds, it leads, and we want to get attention that way.
But we don't pay enough attention to the stuff that's going on, especially in localities.
One of the things that's a glory of this country is we're just incredibly innovative people.
We're just very energetic.
So there's something called the Global Innovation Index, and the United States ranks second in the world in how innovative we are after Switzerland.
steve bannon
That's David Borks, but I just want to make sure in narrative you understand.
They're making the case that, you know, it's the extremist and all the really bad people that are, you know, putting these negative narratives out there, and everything's great, the economy's great, and it's all about the debt ceiling, because they understand the leverage.
Is with us. And they're trying to make the case that you're going to destroy an economy that's running back.
Cortez, and I want to get to sustainability.
They do talk about sustainability, and Davos is a big issue about sustainability, about the environment and everything dealing with that, the sustainability. But talk about the sustainability of the financial and economic model we have here in this country because you're seeing the biggest, you're seeing the guys are at the core of information and particularly projecting out.
You're seeing Goldman Sachs and the rest of Wall Street, massive layoffs, biggest layoffs in the history, even bigger than 2008.
And you've got Microsoft drops the bomb with 10,000, 10,000 high-paying jobs laid off.
Sir, give us your assessment of the sustainability of their model and tie it back to David Brooks' happy talk.
steve cortes
Sure. Well, David Brooks there is trying the Jedi mind trick, right?
These aren't the droids you're looking for, trying to convince you, no, things are actually fine.
Things are far from fine, particularly as it relates to the economy.
And again, not my opinion, the overwhelming opinion of the vast majority of Americans.
David Brooks, in his own article, by the way, I'll give him some credit at least for this.
In his own article, he cites a Gallup survey asking people if the country is on the right track.
Only 17 % said yes.
That's it. And to put that in context, by the way, I went back and looked, Gallup.
That number was 70 % in the year 2000.
So think of what has happened in the last two decades.
I would argue largely because of globalization, largely because of what we have allowed and in fact invited the CCP to do to the United States over the last two decades.
But we went from 70 % of the American people saying we're on the right track to only 17%.
Separate survey just put out from CBS News asked if things were going, quote, very well in the country.
Only 7%. That's it, Steve.
7 % of Americans say things are going very well.
And I will guarantee you those 7%, by the way, are overwhelmingly liberals with advanced degrees who live in coastal suburbs.
I will guarantee people who benefit from globalism.
That's the reality. But to this point of sustainability, too, of the economic model, no, Steve, it is totally unsustainable to have $30 trillion of debt now that we are in an inflationary era with rising interest rates.
That debt was sustainable for a time only because of interest rate repression, because of artificially low interest rates, because of the massive, historic, unprecedented intervention of the Federal Reserve, keeping interest rates low so that we effectively got away with acting incredibly recklessly with our profligacy regarding borrowing and spending.
We cannot get away with it any longer.
That is simply the reality right now.
The service payments alone on the debt Are going to become the single largest item in the entire U.S. budget.
Bigger than Social Security, bigger than Medicare, bigger than the defense budget.
We are on track for that.
And soon. That's why, Steve, this showdown over the debt ceiling is so critical.
This is the pressure point.
This is the leverage that the U.S. House has.
And it must be used.
steve bannon
This is because in this fight, everything else will become the administrative state, the scale of government, all of it. You get the $30 trillion.
You also have the $9.5 trillion over at the Fed on their balance sheet with no congressional authorization.
We now have $9 trillion. And Mercatus has got this paper out saying, hey, it's not like the old days where they could kind of sell these bonds and make some money and put that back into the Treasury to make up gaps.
In funding, we got a trillion dollar hole.
This goes back to your point.
You've done such a great job of putting this back to people's lives.
The $16.5 trillion of household credit cards, now that's exploding.
So people look at your own experience.
That's what's happening to the federal government.
This thing, when it was negative interest rates or zero interest rates, you could keep adding this up and there was no penalty to pay.
Those days are over, are they not?
Mr. Cortez, $1 trillion we're looking at is now going to be the payment, and that's going to have to just be more money printed.
steve cortes
Steve Cortez. Right. No, and you're exactly correct.
The federal government benefited previously from the Fed making money on the way up, right? Because as it was buying bonds, it was forcing the price of bonds up.
But it's sort of like a snake eating its tail.
And we knew that that would be temporary.
Once you have to unwind that massive portfolio and start to bring down the Fed balance sheet, the opposite is happening.
The Fed is now starting to lose money.
So it is no longer making those transfer payments over to the US Treasury.
Which helped the federal government spend more than it brought in.
We've lost that effect.
Look, the reality economically, too, right now is that it's not just the U.S. is slowing down massively.
The entire world is, Steve.
Overnight, we got news out of China.
According to official statistics, China's GDP only grew at 3%.
Of course, we don't even believe that number.
But the point is, that's 3 % versus the government target of 5.5%.
So it's a massive miss.
versus 8.1 % last year.
China's economy is cratering.
The United States, Europe, and China, the three major economic centers of the world, right now we are seeing a synchronous slowdown.
That is the economic reality.
That is the global backdrop.
Things are bad. They are getting worse.
steve bannon
And they're trying to pitch that, oh no, China's going to grow at 6%.
Look, we're going to break it down. 6 o'clock tonight, we're actually going to go through this in excruciating detail so you fully understand it.
Steve, how do people get to you?
Remember, Thursday, tomorrow is when we hit the debt ceiling.
The Secretary of Treasury is not here.
She's somewhere out in the rest of the world being a globalist.
Steve, how do people get to you on your social media, sir?
steve cortes
Yes, please check out my Chalk Talks and my latest Substack.
And you can find me on Twitter. I'm at CortezSteveCortez with an S. Appreciate it.
steve bannon
Thank you, brother. Okay, short break.
We're going to come back. The defense filed their papers in the Cary Lake situation.
Christina Bob's going to explain that.
We're trying to track down Rudy.
He may have another technical problem.
We're going to eventually get to Rudy.
We've got Seagull Chata, who's come out hard on the RNC whole race.
We're going to get to that. Also, Davos had a big panel today on artificial intelligence, the impact on your life.
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