March 20, 2023 - Bannon's War Room
48:54
Participants
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| Speaker | Time | Text |
|---|---|---|
| This is the primal scream of a dying regime. | ||
|
unidentified
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Pray for our enemies, because we're going medieval on these people. | |
| I got a free shot at all these networks lying about the people. | ||
| The people have had a belly full of it. | ||
| I know you don't like hearing that. | ||
| I know you try 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? | ||
| MAGA Media. I wish in my soul, I wish that any of these people had a conscience. | ||
|
unidentified
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Ask yourself, what is my task and what is my purpose? | |
| If that answer is to save my country, this country will be saved. | ||
|
unidentified
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War Room. Here's your host, Stephen K. Bamm. | |
| What you have now is you have two converging crises. | ||
| A crisis of capital markets and economics and a crisis of geopolitical and military. | ||
| And they're converging very rapidly and then they're going to conflate. | ||
| And once they conflate, they're going to spin out of control. | ||
| The storm is here. | ||
|
unidentified
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One, two, one, two, three, four! | |
| Love is a burning thing, and it makes a fiery ring. | ||
| Bound by wild desire, I fell in to a ring of fire. | ||
| I fell in to a burning ring of fire. | ||
| I went down, down, down, and the flames, they went higher. | ||
| And it burns, burns, burns, the ring of fire. | ||
| The ring of fire. | ||
| Hey! | ||
| The taste of love is sweet. | ||
| When I'm cold, I'm kindly. | ||
| I feel for you like a child. | ||
| Oh, but the fire went wild. | ||
| I fell in to a burning ring of fire. | ||
| I went down, down, down, and the flames, they went higher. | ||
| And it burns, burns, burns, the ring of fire. | ||
| The ring of fire. | ||
| Woo! | ||
| Down, down, down, bound by desire. | ||
| And it burns, burns, burns, the ring of fire. | ||
| The ring of fire. | ||
| The ring of fire. | ||
| Yeah! | ||
| Woo! | ||
| Woo! | ||
| Welcome. It's Monday, the 20th of March, year of our Lord, 2023. | ||
| We're kicking off an historic week globally. | ||
| We're going to get you into all of it. That is a Canadian country western band, One Ugly Cowboy. | ||
| We're going to put their link up. | ||
| Make sure you go check it out. | ||
| Check out the music. Pretty amazing. | ||
| Canadian Country Western, I've got to tell you, a cover of Johnny Cash's Ring of Fire. | ||
| Nothing could be more appropriate as we enter the first circle of Dante's Inferno, right? | ||
| Remember, the sign over that, the sign over is, Abandon hope all ye who enter. | ||
| We're not abandoning hope here because this audience, this activist audience, not just here in the United States but throughout the world, You are the creditors committee for the full faith and credit of the United States government, and wherever you are in the world, you are the tip of the spear in sorting this mess out. | ||
| Today, on your shoulders, and we're going to get into this in a lot of detail today, on your shoulders, you're bailing out The world's financial system for the elites. | ||
| Just understand this. On your shoulders, in the United States dollar, it's all coming. | ||
| Peter Navarro is going to join us in the second hour to go through that. | ||
| Also, historic meeting in Moscow, as we've warned about. | ||
| The illegitimate Biden regime has hammered together an alliance between the Chinese Communist Party and the KGB or FSB, whatever they call them, the gangsters that run Moscow. | ||
| That's today. That's the equivalent of the Molotov-Ribbentrop meeting in 1939 where they negotiated a pact between the Nazis. | ||
| And the Bolsheviks that led to really the kinetic part of World War II. So we're going to get into the early days of World War III here. | ||
| And we don't want to pull any punches here. | ||
| We're going to give it to you, as we say down south, with the bark on. | ||
| Because we know you can handle it. | ||
| And you've got to get the truth. | ||
| You have to have the information, both your personal life Your community's life, your family's life, and your nation's life. | ||
| The storm. This is no longer a gathering storm. | ||
| It's not any, oh, we can turn. | ||
| No, no, no. We're in it now. | ||
| The storm is here. We're in it. | ||
| We are in it. You're in the opening days. | ||
| Of World War III. The long, unrestricted warfare of the Chinese Communist Party and the absolute malfeasance and incompetence of the global elites have gotten us here. | ||
| And hey, if we're to get out of this, and I know we're going to get out of it, it's not going to be quickly, but we're going to get out of it. | ||
| It's because of this audience, MAGA. On top of all that, of course, with Lawfare, the source-backed I don't even know what you call them in New York City or trying to mess with President Trump. | ||
| We'll get into that. So we got polling. | ||
| We have polling about the presidential campaign. | ||
| We have polling about the The bank, the disaster bailouts. | ||
| Even more importantly, it's now widely noted there are 186 other banks in the same shape as SVB. This is a complete, for the $6.8 trillion you spend for the federal government, this just shows you their incompetence. | ||
| I think it's also their malfeasance. | ||
| Silicon Valley Bank, just remember one thing. | ||
| Silicon Valley Bank was insolvent from at least the fourth quarter of last year. | ||
| And people either knew it and looked the other way. | ||
| Or just didn't care. | ||
| And people made a ton of money off this. | ||
| Goldman Sachs made $100 million. | ||
| David Tepper, the bottom-feeding distressed debt guy. | ||
| I have nothing wrong with distressed debt guys. | ||
| It's part of the creative destruction of our financial system. | ||
| He's going to make a couple of billion dollars buying their bonds. | ||
| The venture capitalists took out $42 billion a day, which they have not put back in. | ||
| They're out, and you, the American taxpayer at MAGA, are going to underwrite the entire thing. | ||
| Let's go ahead. A lot of stuff. | ||
| So I've got a Bloomberg. I've got a Morning Joe. | ||
| I've got Robert Bose from the Trump administration. | ||
| He's one of the top financial guys we had to kind of do restructurings over at FHA. Very smart guy from Chase Bank. | ||
| And we've got Mark Mitchell from Rasmussen with some polling of what the American people think of the bailout of Silicon Valley Bank. | ||
| Let's go and play the clips. | ||
| By the way, that was Max Evans. | ||
| Over at Getter, another unbelievable video with the music of One Ugly Cowboy. | ||
| Go check out One Ugly Cowboy on their site. | ||
| You can see all of their music. | ||
| Of course, Max Evans got his own site up on Getter, just an incredible videographer. | ||
| Okay, let's go ahead and play this cold open. | ||
| I'm going to bring in Robert Bose. CBS is rescuing Credit Suisse from the brink of collapse by buying the bank for $3.2 billion. | ||
| This is the first mega-merger of two global banks since the 2008 financial crisis. | ||
| The deal was brokered by the Swiss government over the weekend. | ||
| The government will provide more than $9. | ||
| $2 billion to aid in some losses UBS may incur in the acquisition. | ||
| Meanwhile, a new study finds that on the heels of Silicon Valley banks collapse, nearly 190 other banks are also at the risk of failure, even if only half of their depositors decide to withdraw their funds. | ||
| This comes as the world's leading central banks jointly announce new action to boost dollar funding to cushion markets against the impact of bank problems. | ||
| That is a lot. | ||
| Let's bring in, to kind of decipher it, let's bring in co-anchor of CNBC's Squawk Box, Andrew Sorkin. | ||
| Andrew, poor, poor UBS. Shotgun wedding. | ||
| Swiss government says, you're going to merge with Credit Suisse. | ||
| I don't know how happy they were about that, but I guess, is this the end of our problems? | ||
| Does this guarantee bank stability in our time? | ||
| I don't think we're there yet. | ||
| This was, of course, an arranged marriage between two of the biggest Swiss banks. | ||
| They think of their banks as national champions, if you will. | ||
| Now there will be one national champion in a combined UBS Credit Suisse. | ||
| They'll likely have to, by the way, lay off potentially tens of thousands of people around the world to pull this off. | ||
| I do think in the end, by the way, for UBS, it'll turn out to be a good deal, if you will. | ||
| But it does not really end our problems here in the United States, as that study really revealed. | ||
| Our banks don't have enough cash sitting on hand. | ||
| Too many of them, like Silicon Valley Bank, have effectively bought long-duration bonds at effectively lower interest rates than where they are today. | ||
| Of course, those rates have now risen dramatically, and therefore they look like they are sitting there with a loss. | ||
| The FDIC says that there's something like 600 and Some odd million, a billion dollars, I should say, in unrealized losses embedded in our banking system today. | ||
| And so the big question at this point is, you know, do those deposits remain implicitly or explicitly guaranteed? | ||
| And if they aren't, what happens next? | ||
| So, Andrew, you've got... | ||
| I want to hold it. | ||
| I want to hold that, Denver. | ||
| I want to hold that. I want to hold it right there and don't rewind. | ||
| Just keep it right there. I want Jonathan Lemire. | ||
| Okay. What they're doing, the discount window, the discount window is basically how your Federal Reserve just shovels money into the system and essentially gives them what's called the Fed funds rate, which is a super discounted rate, just pours money into the banking system. | ||
| On Thursday, Friday, $168 billion to $180 billion, more than the worst day of the 2008 period. | ||
| Why is that? The banking system is insolvent. | ||
| That's what they're telling you. They're shoveling cash in here so these banks keep their solvency. | ||
| Remember, we're going to talk about the math of this in the second hour because this and what they're doing at the swaps window globally because you're also bailing out the globe. | ||
| You got the Bank of Japan, ECB, you saw the chyron there where they're trying to make sure there are dollars available. | ||
| The inflationary pressure of this is going to absolutely go off like a thermonuclear weapon. | ||
| We're going to talk about that with Navarro in the second hour. | ||
| Andrew Ross Sorkin had a, he says, they keep saying $620 billion of unrealized losses. | ||
| That's Treasuries people held and since the Biden spending led to the Biden inflation. | ||
| The inflation and the interest rates went up. | ||
| Those securities are worth 20 cents on the dollar or 30 cents on the dollar. | ||
| That hole is bigger than $620 billion. | ||
| We believe that hole. | ||
| There's a report that says that hole is $2 trillion. | ||
| Hence, that's where they're in depositors. | ||
| Certain depositors are sitting there going, well, hold it. | ||
| Am I secure or not? Now, what you're going to see this week, write this down, by Wednesday or Thursday, they're going to give a blanket. | ||
| They're going to come out and give a blanket guarantee for all the deposits. | ||
| That's $19 trillion. That's the Biden administration. | ||
| The Biden regime's next move is to do that. | ||
| I want to bring in Robert Bowes from FHA under President Trump, was the guy that did the restructuring. | ||
| Robert, give me your assessment of Silicon Valley Bank. | ||
| Are the deplorables in MAGA underwriting basically the elites in this country feasting off taxpayers and depositors, sir? | ||
|
unidentified
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Yes, they are. You're absolutely right. | |
| This has all started with Biden inflation driving down the value of the bonds, but the banks aren't required to mark them in the market unless you get Goldman coming in to talk to the FDIC. What they did with Silicon Valley Bank is they had $18 billion of capital as of year-end, and their auditors, KPMG, gave them a clean opinion. | ||
| They did cite a critical audit matter with their loan book, and they said, They're going to continue to pretend like those bonds are fully valued. | ||
| They were not fully valued. | ||
| So Silicon Valley Bank had two problems. | ||
| Number one, you pointed out, their bond portfolio was underwater by probably $5-10 billion right there. | ||
| But that wouldn't wipe out all their capital. | ||
| They also had these levered loans to head to global VC funds and PE funds. | ||
| So they had a double problem. | ||
| I don't think that's sort of unique. | ||
| Hold it, hold it, hang on, hang on, hang on, hang on, hang on, whoa, whoa, whoa, whoa, stop right there, put a pin in it. Everybody understand. | ||
| Those leveraged loans should have never taken place because there's no real assets to back it up. | ||
| These were done. This is how the venture capital funds juice their returns. | ||
| Instead of having to put in more equity capital, they're just borrowing it from this bank and it's on your shoulders. | ||
| Okay? That's just to juice their returns. | ||
| That's 100 % for them to make more money. | ||
| And when it turns the other way, all the on-ran types, right, the ubermenches, the supermen, the Atlas Shrug crowd. | ||
| Where's Atlas Shrug? Are we reading Atlas Shrug this morning? | ||
| Is that what they're reading? Because as soon as it flips on them, they come to mommy and daddy in MAGA. Please bail me out. | ||
| We're going to take a break. We've got Robert Bowes who's going to walk through this, and you're not going to like what you hear on the math. | ||
| Who made out and made tons of money, and who's stuck with the bill? | ||
| Who are they putting the screws to? | ||
| Here's who they're putting the screws to, ladies and gentlemen, the same people bailing out the world. | ||
| You know who it is? I'm going to have a big reveal right now. | ||
| Look in the mirror. | ||
| It would be you. | ||
| All next, in the war room. | ||
| Good people at Visa, apparently, this morning. | ||
| So, Andrew, you've got the Fed stepping in, doing what other central banks around the world are doing to try to guarantee money. | ||
| My question is this, though. | ||
| With the news that you just talked about, the news that Mika read and reported, Why would people not continue to move their money from regional banks to the big four national banks? | ||
| Because right now, again, there doesn't seem to be any guarantee that the money is safe in regional banks. | ||
| Yeah, and that's the concern. | ||
| And that's what the White House is grappling with. | ||
| That's what financial industry leaders are grappling with. | ||
| The fear that this push, understandable push, will continue. | ||
| That perhaps some of these regional banks right now are perceived as not a safe bet, as not being a good place to keep your money. | ||
| Now, that's obviously different. | ||
| We're hearing from Treasury Secretary Yellen. | ||
| We're hearing from The White House or the place is saying, no, no, they're okay. | ||
| We'll make sure it is okay. | ||
| But, of course, it is reasonable to worry. | ||
| And I do think the Credit Suisse matter is somewhat separate overseas, but there's still real concern here in the United States about the future of these banks. | ||
| Real worrisome. | ||
| I was talking to some sort of financial leaders in New York at the end of last week who do fear that those won't be the last banks to go under that need help. | ||
| So we're still in the early stages of this story, Joe. | ||
| Okay. Silicon Valley Bank was insolvent. | ||
| You know, even Elizabeth Warren, maybe I got that clip pulled, maybe we'll play it later. | ||
| She called them out yesterday, the San Francisco Fed. | ||
| It was insolvent. And people looked the other way. | ||
| It was insolvent. The report is 186 or 200 other banks out there. | ||
| They're in the same shape as Silicon Valley Bank. | ||
| That's the report that the Wall Street Journal is pushing out. | ||
| And here's the thing. They change the rules all the time. | ||
| But remember, every rule that gets changed is always on your shoulder. | ||
| In Switzerland, remember, you said you're the populist. | ||
| You're the populist nationalist. | ||
| You breathe through your mouth. | ||
| Mitchell from Rasmus is going to have some polling here that's going to shock you in a second about how your betters think about the world and how you think about it. | ||
| But it always comes back to you, just like in 2008, just like the 20th anniversary. | ||
| That's why in that great video that opened, it goes back to the shock and awe. | ||
| Remember, ironically, this is the 20th anniversary of it, okay? | ||
| It always comes back to you. | ||
| Your sons and daughters are going to die on the foreign battlefields, and you're going to underwrite this entire mess. | ||
| Jonathan Lemire and Joe Scarborough were wrong there, is that Credit Suisse is absolutely part of this because they announced last night that the Fed is opening up credit swaps for all the big central banks, Bank of Japan, Bank of London, ECB, all of it. | ||
| The Swiss National Bank that put that together and nationalized the bank lost $144 billion, I think $120 $44 billion last year. | ||
| And they took $10 billion from the Fed. | ||
| They took one of these credit lines from your Federal Reserve to keep the system flush, to keep the system solvent. | ||
| And this is going to have, it's going to go off like a thermonuclear weapon on inflation. | ||
| Because now, this is quantitative easing on a massive scale, on a global scale. | ||
| Global scale. Both the discount window of the Fed of shoving cash Cash money into these banks to keep the solvency going, right, number one. | ||
| Number two is the credit swaps they got throughout the world to keep solvency throughout the world. | ||
| That's all going to come back. | ||
| Navarro's going to walk you through the math. | ||
| It's a thermonuclear weapon. | ||
| Remember, the reason we got in here is the massive spending of the Biden regime with the collaborationists in the Senate Republicans. | ||
| Massive spending of all that led to the massive inflation from the 0.86 on 3 November, 0.86 10-year Treasury, to over 4 % at one point in time over the last couple of weeks. | ||
| So massive inflation to higher interest rates, right, to try to quell that, that destroyed these government securities to the banks. | ||
| So you got Biden spending, right, to Biden inflation, to Biden bonds, to Biden banks. | ||
| Don't let Fox News all weekend on woke and everything. | ||
| Yes, they're all woke and they're all ridiculous, redonkulous with the boards that got all of it. | ||
| That's the noise, not the signal. | ||
| The signal here is a system that they have this regime from the four years of peace and prosperity of Donald J. Trump to now. | ||
| Bose, walk me through who made out on the Silicon Valley Bank. | ||
| By the way, what you just told us is that it was insolvent in the fourth quarter, and the regulators and the accountants and everybody looked the other way, right? | ||
| And you brought up the leveraged loan package. | ||
| That is just your bettors in Silicon Valley making more money. | ||
| That's the Sequoia Capitals and all the venture capitalists having loans that are not really loans. | ||
| It's really just more venture capital. | ||
| But they're not putting it in. | ||
| The bank's putting it in. But it's not guaranteed by anything. | ||
| There's nothing there. | ||
| There's companies with algorithms, these startup companies. | ||
| They never should have loans to them. | ||
| That's part of the scam. | ||
| and that's why they should have group credit lines they should put credit lines in the make payroll to make operation no no no no no no head take the forty two billion out suck all the cash at the bank and leave it to you By the way, the group making the bailout globally... | ||
| Look in the mirror. When you hear this happy talk, full faith and credit. | ||
| As I said, full faith and credit of the good old United States of America and its Federal Reserve and its Federal Reserve notes, look in the mirror. | ||
| Like Pogo said, we have met the enemy and it is us. | ||
| You have met the saviors and it'd be you. | ||
| Okay? You. You are the full faith and credit. | ||
| It's all coming back on your shoulders. | ||
| Bose, walk me through Silicon Valley Bank. | ||
|
unidentified
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How outrageous. How outrageous. Wow, so it was a double whammy there. | |
| Not only did they have the $100 billion of fixed income bonds that had no capital applied to them, zero capital on those, and they were not marked to market. | ||
| Even their auditor, KPMG, said they're fine just 14 days before. | ||
| Everybody says the valuation's fine until FDIC and Janet Yellen and hedge funds kind of get together and say, well, guess what? | ||
| For every other bank, We're going to let them extend and pretend, but we're going to decide for some reason that Silicon Valley Bank has to mark their bonds to market. | ||
| No other bank has to mark their bonds to market. | ||
| That is the scariest thing. | ||
| The selective application of the law, just like we see in Trump world, you know, injustice. | ||
| Selective application. We have selective application of the accounting rules here. | ||
| Every other bank now It doesn't have to mark their bonds to market. | ||
| But Silicon Valley Bank does because the hedge funds want to get a deal. | ||
| Yeah, but you should have to mark it to mark it. | ||
| Otherwise, you're just going to pretend. | ||
| Those government securities, you'll have the second coming before those securities are back in par. | ||
| You just will. It's not going to happen. | ||
| Not in this inflation. You think you've seen it because they've got two choices now. | ||
| Right? They got two choices. | ||
| They either deal with inflation by jacking interest rates, or if they jack interest rates, they take down the system either more. | ||
| I think they're just going to let, because the inflation is an unfair, illegal tax on you, the Grundoons. | ||
| So they're just going to let inflation just burn. | ||
| I mean, that's the conundrum they're in, correct, Brother Bose? | ||
|
unidentified
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Yes, so in Silicon Valley Bank, they had unique risk with their levered loan portfolio to the VC world. | |
| That's another whole different problem that many other banks don't have. | ||
| I don't really buy this 186 other banks are going to fail because they don't have the SVB risk. | ||
| But the real risk is meddling by this White House and Janet Yellen. | ||
| I don't want them anywhere near this stuff. | ||
| To just randomly change the rules. | ||
| Let's stick with the rules. Like you said, Steve, they need to have marked-to-market accounting, and they need to have capital posted for those. | ||
| They need to have consistent rules, not just change the rules for one bank to take it down and transfer $18 billion of profits to Goldman or to hedge funds. | ||
| This was a mess, a disaster. | ||
| That's what happened here. By the way, Goldman, their financial advisor, then turns and does a trade for their loan portfolio and makes $100 million in an afternoon last week. | ||
| David Tepper, the junkyard, $300 million. | ||
| $300 million on the loan package. | ||
|
unidentified
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That was just on $28 billion. | |
| I want to know what the deals are on the other $175 billion. | ||
| And guess who's paying for that? | ||
| You've got to love it. They're pushing that losses on all us other depositors. | ||
| 100%. Remember, you're going to pay it through bank fees. | ||
| Hang on for one second. | ||
| Let's get Mark Mitchell in here. | ||
| Mark, you've actually gone out and asked the American people what they think of this. | ||
| Can you give us the first cut of the Rasmussen polling on this, sir? | ||
| Absolutely. The federal government recently intervened to take over Silicon Valley Bank. | ||
| Do you approve or disapprove? | ||
| 47 % of U.S. likely voters, a plurality, actually approve of this bailout. | ||
| 40 % are opposed to it. | ||
| But here's the thing. We've been doing questions on bailouts, let's just say, all the way going back to 2008. | ||
| There's a long history of bailouts in this country. | ||
| And believe it or not, if you go back and look at the numbers and stack this set up against previous ones, this is actually one of the most supported bailouts we've ever polled on. | ||
| What's the difference? Back then we didn't have Build Back Better Biden. | ||
| So it's Democrats and most importantly Biden's strong approvers who are really driving this pro-bailout signal. | ||
| Democrats weren't for bailouts in 2008 and now they are by two to one margin over both Republicans and independents. | ||
| So a huge change in public opinion on bailouts. | ||
| But of course it can't get to a majority. | ||
| Only 22 % of US likely voters strongly approve of this bailout. | ||
| 24 % strongly disapprove. | ||
| The numbers for Republicans are 35%. | ||
| For independents, it's 38 % approving. | ||
| Democrats, 67%. | ||
| Biden's strong approvers, 83%. | ||
| Only 18 % of Biden's strong disapprovers approve this bailout. | ||
| Really stark difference, especially in the Biden approval numbers. | ||
| Okay, and just remember, just remember this, folks. | ||
| This is without the nation listening to War Room and actually breaking it down, because this is the only place I've seen that's got a detailed breakdown of who made out like bandits and who got stuck with the bill, okay? | ||
| If the American people had the full information and understood how they're being played for chumps, that number would be much higher. | ||
| There is a breakdown by, before we go to break, Mitchell, and I need you to stick around. | ||
| There is a breakdown by CLAT. There is a breakdown between low-wage earners and high-wage earners. | ||
| How does that break out? Well, we also asked later how likely is it the taxpayer money is going to bail out wealthy investors. | ||
| But on this first question of whether they approve or disapprove of the bailout, usually there's a signal in the income. | ||
| Usually it's not that strong. | ||
| In this case, it is. | ||
| Voters with incomes under $50,000 a year, about 42 % of them, approve of this bailout. | ||
| Incomes above $200,000, 78 % approval. | ||
| Okay, Mark, hang right there. | ||
| The people who are $200,000 got to realize you're just a wage earner. | ||
| You're nothing but a wage earner, okay? | ||
| You're not on the other side of the table here. | ||
| You're getting stiffed also. | ||
| Short commercial break. | ||
| The worst regressive tax in the world is inflation, and it's coming, baby. | ||
| All next in the War Room. | ||
|
unidentified
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Okay, we got a lot to get here. | |
| By the way, Steve Cortez spoke last night at the Queens Republican Party event. | ||
| It was a home run. | ||
| He showed me some of the photos. | ||
| It was absolutely incredible. And he said there were tons of war room posse there. | ||
| We want to give a big shout out. | ||
| It's one of the best Republican clubs in the country. | ||
| And Queens, there's a lot of fighters in New York. | ||
| A lot of fighters in New York, so I want to give a hat tip to everybody there. | ||
| Cortezo is absolutely incredible, so just fantastic. | ||
| And we're winning all over the country in these grassroots efforts to take over these parties. | ||
| We're going to start highlighting more of that this week as we try to deal with all the onslaught of news, because there's a lot, and it's important. | ||
| A lot of signal here. Mark Mitchell, can you continue on with your polling on this fiasco? | ||
| The reason people are still approving these bailouts is that they're just hearing the happy talk on CNN and CNBC and MSNBC, but that's the reason. | ||
| Go ahead. Continue on, sir. | ||
| Some of them, yes. Some of them believe what they're told to believe. | ||
| Some of them implicitly trust Biden. | ||
| But I think, as you'll find, there are some nefarious people in here as well. | ||
| How likely is it that Silicon Valley Bank takeover will result in taxpayer money being used to bail out wealthy investors? | ||
| Amongst all likely voters, it's 67 % or two-thirds. | ||
| 43 % say very likely. | ||
| Only 23 % say not likely. | ||
| So that's a very clear signal. | ||
| The party numbers, Democrats are on board with this one. | ||
| But hang on, hang on, hang on. | ||
| I put a pin in that right there. | ||
| That's already a given fact because they're doing it, they're backdooring it through the FDIC on fees. | ||
| So every schmendrick watching this show is going to pay for this. | ||
| You're going to pay for it through increased fees. | ||
| They only got $100 billion in, they only have $100 billion in the FDIC. There was $150 or $155 billion of unsecured depositors. | ||
| At Silicon Valley Bank. | ||
| You add Signature Bank on that, you're at $250 billion, you're at a quarter of a trillion dollars right there, just the first two out of the box. | ||
| Now you're going to have Republic because you're going to have to shore up that. | ||
| But keep going. My point is people don't understand. | ||
| They don't understand the mechanism because they're not told it in a straightforward way. | ||
| It's a three-card money with this. | ||
| Continue on, Mark Mitchell. | ||
| I think that's a seat-of-the-pants signal here because we actually started asking people these questions back on March 9th. | ||
| That was a long time ago. | ||
| Of course, I think a lot of these people aren't seeing exact details about bailout plans in the news. | ||
| I think that this is what they expect out of their government. | ||
| 61 % of Democrats, 75 % of Republicans, and 66 % of Independents agree that taxpayer money is going to bail out. | ||
| And we put the word in there, wealthy investors. | ||
| And going back to the income numbers, this one's really going to upset you as well. | ||
| 75 % of those who earn more than $20,000 acknowledge that taxpayer money is going to bail out wealthy investors. | ||
| Three out of four people who earn over $200,000. | ||
|
unidentified
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Now also- You hit- Go ahead. | |
| Continue on. Well, often in Biden approval, we see the biggest split between strong approve and strong disapproves. | ||
| Here, Biden strongly disapproves. | ||
| 85 % of them agree that taxpayer money is going to be used to bill out wealthy investors. | ||
| But also 54 % of Biden's strong approvers. | ||
| So they know this is happening. | ||
| This is part of the Biden plan. | ||
| So, the final question we asked is how likely is it that political considerations influence the Biden administration's decision-making in regard to Silicon Valley Bank? | ||
| And again, two-thirds, 66 % of U.S. likely voters say that it is at least somewhat likely, 45 % say very likely, that political considerations influence the decision. | ||
| 75 % of Republicans, but also 58 % of Democrats, Now, this pattern and these numbers look very familiar to me. | ||
| They look just like what the numbers were two weeks ago when we asked U.S. likely voters, how likely is it that undercover federal agents helped provoke the January 6th Capitol riot? | ||
| So to me, this is a signal about government trust here. | ||
| This is a signal that people know that their federal government is making decisions politically with things that affect them. | ||
| out of their taxpayer wallets. | ||
| And again, going back to Biden approval, 48 % of those who strongly approve of Biden acknowledge that political considerations likely influence the decision to make that bill out to Silicon Valley Bank. | ||
| By the way, remember, we bailed out the worst of the worst. | ||
| We bailed out everybody that deplatformed you, everybody that debanked you, everybody that supported the Fauci, everybody that supported the COVID thing, all of it. | ||
| That's who you bailed out on your nickel. | ||
| You're familiar with this crowd. | ||
| You used to be in venture capital, Brother Mitchell? | ||
| Yeah, I wanted to talk about this. | ||
| So I spent five years at a VC between 2012 and 2017. | ||
| And that's really when a lot of the post-crisis easy money came flooding into the VC markets and valuation started shooting through the roof. | ||
| And what happened is exit horizons start to get pushed out farther as the can kept getting kicked down the road. | ||
| Why would you sell your company if you can take in a billion dollars at a $15 billion valuation? | ||
| And so these companies grew. | ||
| And I think what you'll find, I think what anthropologists will look back and say after this interesting period in our history, Is it that same easy dollar that built this hyperinflated and interconnected web of financial dealings? | ||
| Is the same easy money that built these non-financial decisions that we see ourselves talking about every day when we use the words woke and we use the words culture war? | ||
| I think it's really the same movement because these people can make decisions and there isn't a financial feedback mechanism to hold them accountable for it. | ||
| They're no accountability. | ||
| They take no responsibility and no accountability. | ||
| It's a brilliant assessment. | ||
| Mark, how do people get to Rasmussen, to your site, to everything, to find out more of your polling? | ||
| RasmussenReports.com. | ||
| We'd really love it if you'd sign up as a reader and you can dig through all our past polling, the dozens of times we've asked about bailouts since 2008. | ||
| Come and follow us on Rasmussen underscore poll at Twitter. | ||
| Really great Twitter feed. | ||
| And then come and look at some of my commentary videos on YouTube. | ||
| Thank you, brother. Bose, we're nationalizing the bank. | ||
| Let me be blunt. The banking system is insolvent. | ||
| We're printing money that we can't back up. | ||
| It's going to come on a massive devaluation, inflation, however you want to call it, onto the deplorables, the working-class people in this nation, the middle class. | ||
| We have other nationalized – people don't realize other parts of our financial system are already nationalized. | ||
| Am I incorrect in that assessment? | ||
|
unidentified
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Yeah, no. We've seen – I've seen this movie before, the 08 mortgage meltdown. | |
| That year's Hank Paulson is this year's Janet Yellen. | ||
| FDIC, the feckless managers of this, that let this happen. | ||
| Last year, it was poor policies by Fannie, Freddie, and Congress pushing out CRA requirements. | ||
| Back to Mark Mitchell's interesting points. | ||
| Of course people want to cover their deposits, but the average deposit is like $5,000. | ||
| So when you have a $250,000 deposit insurance guarantee, that's fine. | ||
| But now when you want the big guys like Warren Buffett coming in to get his bailout and his implied guarantee. | ||
| We did this with the mortgage market. | ||
| We have an implied guarantee. | ||
| It's nationalizing. Guess what? | ||
| Everybody's paying twice the cost for that now. | ||
| It was 30 bps for mortgage guarantees then. | ||
| Now it's 60 bps now because of the nationalization of Fannie and Freddie. | ||
| Are we going to see the same thing? | ||
| Because now you have FDIC already underwater before the SVB crisis, gets whacked by $20 billion. | ||
| Now it's down to $100 billion to cover $3 trillion of insurance. | ||
| And they're trying to jack it up to $25 trillion? | ||
| There's no way. But hold it. | ||
| But the $100 billion is also in government. | ||
| Nobody wants to talk about the insurance, the $100 billion. | ||
| That is also in government securities. | ||
| They have the same problem. | ||
| They have unrealized losses too. | ||
|
unidentified
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It's everywhere. They're not required to market. | |
| Let me go back. Here's the thing to remember. | ||
| Biden's over-the-top spending, American Recovery Act, the Build Back Better, the infrastructure, all of it. | ||
| Mitch McConnell was right along with it. | ||
| That massive spending, massive, led to massive inflation, historic. | ||
| Going from zero to six, nine percent, or one percent to six and nine percent is massive, right, mathematically. | ||
| Okay? That inflation destroyed these government securities. | ||
| People who had these long, these 10-year treasuries at 1%, destroyed 20, 30 cents on the dollar for a money-good government security. | ||
| Okay? That blew a hole in all their balance sheets. | ||
| All their balance sheets. | ||
| And that left you with these banks and a banking system to solve it. | ||
| What are they doing? They're just infusing the baby with cash. | ||
| They're printing money. They're just printing money right now. | ||
| And that money is a liability. | ||
| It ain't an asset. It's a liability. | ||
| And here's the due bills coming to you. | ||
| On more massive inflation, okay, devaluation. | ||
| And also, this is what the meeting in Moscow is about. | ||
| The meeting in Moscow is how to get off the U.S. dollars, their currency. | ||
| They already got the Persians, they already got Iran, they already got the House Assad. | ||
| They're saying, hey, as risky as your currency is, we'll do it there to get away from what the Americans are doing, right? | ||
| And that's what this whole partnership This geopolitical partnership on the Eurasian landmass that has a massive military component to it and a kinetic part, that's the convergence of the two crises, underlying that is a massive financial. | ||
| The Global South, who by the way, don't listen to MSNBC, the whites in Western Europe, in the United States, in this Ukraine situation. | ||
| Who's not saluting is the Global South. | ||
| The South African Navy is in naval exercises. | ||
| The South African Navy is in naval exercises with the Russians and the Iranians and the Chinese. | ||
| Okay, so you have this whole thing, but the underpinning is to break The US dollar and the Biden regime, the illegitimate Biden regime, is on testosterone to do this. | ||
| Remember, elections have consequences. | ||
| Stolen elections have catastrophic consequences. | ||
| Bose, what's your social media? | ||
| How do people get to your always hot Twitter feed and all that? | ||
|
unidentified
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Where do they go? Robert underscore B underscore Bose at Twitter. | |
| And we do not want to bail out of the, you know, let the big guys fend for themselves. | ||
| The little guys need to be protected. | ||
| Thank you, sir. We're going to be at the forefront of that. | ||
| Unless somebody steps up. | ||
| I haven't seen anybody step up yet. | ||
| They've got to step up and say this is not right. | ||
| By the way, you talk about lack of trust. | ||
| Let me bring Naomi Wolf. | ||
| This is a perfect segue. | ||
| You talk about lack of trust. | ||
| We don't have time for it. | ||
| I've got to think of Fauci meeting a resident of Washington, D.C. I think it takes three minutes. | ||
| Let's play it and then we'll bring Naomi. | ||
| Let's go ahead and hit Fauci. | ||
| Talk about the trusted government. | ||
| Here we go right now. Cold with Fauci. | ||
|
unidentified
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People in America are not settled with the information that's been given to us right now. | |
| So I'm not going to be lining up taking a shot on a vaccination for something that wasn't clear in the first place. | ||
| And then you all create a shot in miraculous time. | ||
| It takes years to... | ||
| Well, it used to take years. | ||
| You know how many years we're invested in this approach? | ||
| About 20 years of science to get us to be able to do it. | ||
| 20 years is not enough. And nine months is definitely not enough for nobody to be taking no vaccination that you all came up with. | ||
| The only reason I'm talking to you right now, as close as we are, is that I've been vaccinated. | ||
| Right. But if a lot of thousands of people like you don't get vaccinated, you're gonna let this virus continue to percolate in this country and in this world. | ||
| Something like the common flu then, right? | ||
| It's much more serious than the flu. | ||
| Well, the flu kills a lot of people annually, too. | ||
| You know how many people died of the flu the last year? | ||
| I mean, not this year, virtually none, but the previous year, about 20,000 to 30,000. | ||
| You know how many people have died from COVID-19 in the United States? | ||
| 600,000 Americans. | ||
|
unidentified
|
Well, the number that you are given that died, once again, that's you all's number. | |
| You are passed. Yeah, definitely. | ||
| Because when you start talking about paying people to get vaccinated, when you start talking about incentivizing things to get people vaccinated, there's something else going on with that. | ||
| It is something going on with that. | ||
| You're right. But I'm glad millions of people like me and almost everybody here Didn't get an incentive. | ||
| You know what their incentive was? | ||
| Protecting their health and protecting the city. | ||
| It's okay. My campaign is about fear. | ||
| It's about inciting fear in people. | ||
| You all attack people with fear. | ||
| That's what this pandemic is. | ||
| It's a fear. It's fear, this pandemic. | ||
| That's all it is. Vox Populi, right there. | ||
| Have you seen anything more right up in Fauci's face? | ||
| Naomi Wolf, right after the break. | ||
|
unidentified
|
The new social media taking on big tech, protecting free speech, And canceling cancel culture. | |
| Join the marketplace of ideas. | ||
| The platform for independent thought has arrived. | ||
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| I'm putting up stuff non-stop. | ||
| Other people are too. It's just incredible. | ||
| It's easy. It's free. It's easy to use. | ||
| I can use it, and I'm an idiot. | ||
| Not just download and watch everything going on. | ||
| I can actually participate, and you can too. | ||
| We want everybody. In the war room audience, in the war room posse, in the vanguard, in the cadre, to make sure you're on getter, you get nonstop free flow of information. | ||
| Naomi Wolf joins us. Naomi, this is about trusted government. | ||
| One thing I want to say, we're going to get more to the financial crisis in the second hour in the geopolitical with China, with the CCP, who must be taken down now more than ever by cutting them off, cutting off their access to capital, these gangsters who are trying to go to become a full hegemon. | ||
| That's what's happening here. The Swiss, over the weekend, you talk about these institutions, oh, the populist nationals, they want to burn everything down. | ||
| They're the worst people. | ||
| They don't believe in our great institutions, our institutions, our institutions. | ||
| Over the weekend, they just threw out the rule book. | ||
| Remember, just what they did in Silicon Valley Bank. | ||
| They took the bank and they said, no, we don't have a shareholder approval. | ||
| They just literally threw it away. | ||
| Took the bondholders down to zero. | ||
| They just made up, they just over the weekend realized to save themselves to nationalize the Swiss banking system. | ||
| Remember, the Swiss is the platinum of the platinum. | ||
| That's where all the dictators in the world want to have their cash, right, because they can get to it and the guys get good returns. | ||
| This is now nationalized over the weekend. | ||
| And how they did it, they just jammed it together, totally threw out all the laws, all the rule of law, and just made up new rules, new laws, and they did it. | ||
| You know why? Because they can. | ||
| And you can suck on that. | ||
| Just like right now, throughout the world, the whole solvency thing right now is just the federal government, the Federal Reserve just printing money, printing money that we don't have. | ||
| It's not an asset. | ||
| It's a liability to you. | ||
| It's an asset to them, but you've got to have a counter, you know, like an accountant. | ||
| You have to have a contra account. | ||
| That contra count. Look in the mirror. | ||
| Look in the mirror. | ||
| You're the contra count. But it's just not that. | ||
| You just saw a citizen of Washington, D.C., Naomi Wolf, who just laid out the best argument right in Fauci's face. | ||
| Hey, dude, you're coming door to door. | ||
| You're not jabbing me, brother. | ||
|
unidentified
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Naomi Wolf. Yeah. | |
| These things are connected, I think, because isn't it the case that The Silicon Valley investors who invested in all those startups have their risk dialed way down if the federal government steps in and keeps those startups from collapsing or being unable to pay back the investments made in them. | ||
| I mean, the first thing I thought of when I saw how the federal government was really reinventing capitalism, basically turning it into communism, essentially, or oligarchical communism, is that Is that is the Twitter files like Big Tech did some huge favors to the Biden administration and they work together to censor voices like ours and voices like, you know, all the people who are critical of that the vaccine rollout. | ||
| Well, maybe this this looks like bribery to me or it looks like, you know, payola. | ||
| I mean, it looks like the federal government basically making making sure their friends have no risk and because this bank funded the tech sector. | ||
| So, I'm just throwing that out because it does seem really interesting that it's not the banks, it's not the small regional banks that are going to, you know, that are going to be crashing and leaving middle class people, working class people, bereft of their savings, right? | ||
| It's the bank of Biden's big tech friends who have been treating these startups, and I've seen this firsthand as a female founder, you know, the Bros Club treats these startups as kind of Ponzi schemes. | ||
| It seems to me. And they say, well, who else is investing? | ||
| Oh, that dude. Okay. | ||
| And then they put all their, you know, they pool their money almost and they inflate the valuation. | ||
|
unidentified
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And then as you're- Yeah, it's the cool kids table in high school. | |
| That's it. It's not a bank. | ||
| It's 185 to one leverage. | ||
| It was a hedge fund. | ||
| And you got to ask, you know, Elizabeth Warren called it out yesterday, but she voted, as I said, Focahontas did vote for all the spending. | ||
| So you can't, the spending was the problem. | ||
| Now, the mechanism, yeah, they didn't. | ||
| This thing was insolvent. | ||
| Everybody knew it. And they all looked the other way. | ||
| And the deplorables get to pick up through higher bank fees. | ||
| That's how they're going to do this, through the FDIC, which doesn't have the money. | ||
| Not anywhere close to the money. | ||
| Naomi, loss of trust deals with the institutions, the merger of big pharma and big government. | ||
| Your latest report in this joint effort in your new book, this latest report's even more I mean, all of them have been damning, but they're, like, increasing in power of their damnation, each one you put out. | ||
| Tell us about this one. Well, it is cumulative, and I did wonder if that awesome citizen who was just having none of what Dr. | ||
| Fauci was peddling, you know, was a War Room listener, because he had it 100 % correct, and what really leaps out, and all of your viewers and listeners will recognize this, is how many Flat out lies Dr. | ||
| Fauci was telling that man. | ||
| One thing that struck me as someone who studies civil liberties is how intimidating it was to open your door and find 20 people, you know, these giant men somehow surrounding Dr. | ||
| Fauci, you know, telling you that you need to have an injection. | ||
| And the other thing that really struck me is Dr. | ||
| Fauci slipped and basically said there was no flu last year. | ||
| It went away. Oh, where did it go? | ||
| And Finally, his colleagues claiming that injecting yourself with this thing stops transmission and protects the community. | ||
| Just a lie. And, you know, remember when we're talking about money and the favors owed possibly that a billion dollars went into that program, which now the Twitter files is revealing who got the money, the virality project, you know, flowing through the CDC. Stanford got the money. | ||
| You know, all these people got the money in order to lie. | ||
| To exactly those communities. | ||
| And the last thing you really should note is they targeted low-income communities. | ||
| They targeted communities of color. | ||
| So it's just so evil. | ||
| That's where our tax dollars went. | ||
| And now tax dollars are going to prop up the banks of the people who facilitated the lies. | ||
| So it's a 360-degree corruption. | ||
| So now I will turn to... | ||
| Hang on one second. | ||
| Let's just go ahead and put a pin in and just hang with me through the break. | ||
| It's a 90-second break. We're going to come back with Naomi Walsh. | ||
| She's going to give you a latest update on the Pfizer analysis just to make you feel even better on this Monday morning. | ||
| Remember this. You are the creditors committee. | ||
| You're the steadiest hands we have out there. | ||
| If this nation is to be saved and it will be saved, it is going to come through your agency. | ||
| Remember, your agency. | ||
| Look in the mirror and look at the person who's going to save this nation. | ||
| That would be you. Collectively, we're going to do it. | ||
| We've got a long, tough road. | ||
| Long and tough. No easy decisions. | ||
| No easy choices. We're going to take a short 90-second break. | ||
| Naomi Wolf, Dr. Peter Navarro, Dr. | ||
| Bradley Thayer, Carrie Lake. | ||
| We're jammed in hour two as we broaden our scope on The Storm Is Here. | ||
| It's arrived. All in the war room. | ||
|
unidentified
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We will fight till they're all gone. | |
| We rejoice when there's no more. |
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