April 26, 2023 - Bannon's War Room
48:48
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've tried to do everything in the world to stop that, but you're not going to stop it. | ||
| It's going to happen. | ||
| And where do people like that go to share the big lie? | ||
| 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. Babb. | |
| Let's finish this job. | ||
| I know we can. Because this is the United States of America. | ||
| There's nothing, simply nothing we cannot do if we do it together. | ||
| I always like to take a step back here because this can sound overly complicated for those who don't live this day in and day out. | ||
| What are we talking about? | ||
| Congressional Republicans have a bill that says we'll avoid default, we'll help the American people out, but only in exchange for some unrelated policies and millions of dollars in cuts to programs that working families depend on. | ||
| We're talking about veterans medical care. | ||
| Nutrition for seniors like Meals on Wheels, Rail Safety, FAA cuts. | ||
| They're vague on purpose because when the American people hear what the details are here, they're not for it. | ||
| And that's why the president has been crystal clear. | ||
| Take default off the table. | ||
| Let's not even flirt with default. | ||
| Remember in 2011, we flirted with, we didn't default, but our credit rating suffered. | ||
| We're America. We pay our bills. | ||
| Let's not play politics with the full faith and credit of the United States. | ||
| So where's the room for negotiation on this if there is any? | ||
| Is it too vague to negotiate on it? | ||
| Do you wait until their vote to see if they can even get it through? | ||
| Could Republicans argue Democrats have done the same thing by adding on their own, you know, pet policies or programs they want to cut? | ||
|
unidentified
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Mika, it's simple. I worked on the Hill for 14, 15 years on these very spending deals. | |
| I was the top staffer on the Appropriations Committee. | ||
| Guess what? We, in a bipartisan way, every year talk about what is the appropriate spending level for every single program. | ||
| Let's do that. We have a process to do that. | ||
| Why are we holding default, the possibility of default, hostage for A spending debate we have to have with each other. | ||
| We just did it in December. | ||
| Both parties came together, funded the government, decided what was the right amount for these various programs, and we did it together. | ||
| Let's do that again. | ||
| But we shouldn't be flirting with default in this country. | ||
| Director Young, good morning. John Flemere. | ||
|
unidentified
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We should note that it was early morning, about 2-3. | |
| The House ruled they got a house probably going to seem to have struck some sort of... | ||
| Hang on a second. Just stop it right there. | ||
| Stop it right there, and I'm going to ask to play. | ||
| You're seeing the lies, misrepresentations, and spin just right up in your grill. | ||
| It's Wednesday, 26 April, Year of Our Lord, 2023. | ||
| We've got a lot to go through. | ||
| The vote on the debt ceiling part of the House bill. | ||
| It's going to happen, I think, today, this morning. | ||
| They're in conference. They've been in conference banging heads. | ||
| We're going to have a lot to say about that. | ||
| But you see her thing. That is the type of mindless lies they want the American people. | ||
| They feed the American people, and they want you to accept. | ||
| We came together in December, yeah, on an omnibus bill, an orgy of spending. | ||
| An orgy of spending. | ||
| All of the problems get back to this out-of-control spending by the Uniparty. | ||
| And she's a perfect example. | ||
| 14 years on the Appropriation Committee. | ||
| She's the exact reason. | ||
| That mentality, that lack of talent is the exact—that lack of facing reality where they just think they continually have the Federal Reserve just pump and pump and pump because they're not going to raise taxes. | ||
| They're not going to—they can't sell any more bonds to the Chinese or Japanese. | ||
| I want to get into all that, but I want to start— I've got Natalie Winters. | ||
| Natalie, I know you pressed for time, but I want to get you on here, this amazing piece, and if we can put it up. | ||
| Give me the overview, then I want to play a cold open for you. | ||
| Give the overview. Fauci's at it again. | ||
| People can't make sense of the Sudan thing, and to particularly know that we've got like 16,000 people over there. | ||
| Walk me through your exclusive report up on War Room right now. | ||
| Sure. Well, we know the Wuhan Biolab story all too well, and I'm sure the War Room Posse is very familiar with the Ukraine Biolab story, but we can now add the third musketeer to that story, which is the Sudan Biolabs. | ||
| We just published a piece on warroom.org linking a variety of U.S. federal agencies, none other than Anthony Fauci's National Institute of Allergy and Infectious Diseases, but also the Department of Defense, also USAID, And the CDC as entities which have supported this laboratory, the one that was seized by Sudanese militants, which the WHO is now claiming could potentially cause some sort of lab leak spillover event with very dangerous pathogens. | ||
| But just to single out Anthony Fauci and how his NIH agency contributed to this lab, because I think this is where the smoking gun is, Believe it or not, one of the pathogens that was identified by the WHO that this lab was working on that could potentially be released was cholera, | ||
| pretty deadly. Back in 2017, Anthony Fauci, over a grant process which collectively was over about $20 million, had been funding researchers at this lab who were working on a variety of ways to detect and track cholera. | ||
| Like I said, you also have the Department of Defense And the CDC being involved with this organization, this laboratory, since 2006. | ||
| And the most recent study that was published counting funding from U.S. taxpayer dollars was as late as July of 2022. | ||
| Good Lord. I tell you what, let's go ahead and play. | ||
| I want to boot this because it talks about the chaos. | ||
| I think we got Pompeo. Let's go and play you're cold and then I want to come back to this Oh I | ||
|
unidentified
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fires this morning that caught our attention. | |
| This is a warning from Dr. | ||
| Nima Saeed Abid. | ||
| She's Sudan's WHO representative and she said, here is a main concern. | ||
| No accessibility to the lab technicians to go to the lab and safely contain the biological material and substances available. | ||
| She's saying there is a high biohazard risk and we've been through this. | ||
| I'm not saying that there's COVID or a leak or anything like that, but that is a huge concern if they can't keep control of that. | ||
|
unidentified
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It is. I saw that statement earlier today, too. | |
| This is true in many parts of the world. | ||
| This global effort to contain, to operate these high-security labs in a safe way is something that the world has to take on, and a massive failure of her very organization at the WHO. As for the closure of the embassy, I get it. | ||
| We have to keep our diplomats and the folks working in our embassies very, very safe. | ||
| We had to leave the embassy in Caracas. | ||
| The difference is this was passive activity that caused this departure. | ||
| When we did it in Caracas, it was because we had a mission set. | ||
| We knew we were trying to overthrow the Maduro regime that was wrongfully holding power there. | ||
| That's a fundamental difference. I hope we can get our folks back in, and I hope we can get the Americans back out as well. | ||
| Okay, Natalie, you've got to help me out here. | ||
| What is the logic? | ||
| Why is the United States, even with WHO, which we know is a clown car, controlled by the Chinese Communist Party, why do we have labs in places like Ukraine? | ||
| And why do we have labs in one of the most dangerous parts of the world, Sudan, where they've been fighting, South Sudan and Sudan, they've been fighting, I mean viciously, for 20 years. | ||
| What is the logic of why U.S. taxpayers are putting money in to have these labs with some of these most deadly viruses on Earth, ma'am? | ||
|
unidentified
|
Thank you. | |
| Well, that's the million dollar, frankly, billion dollar question. | ||
| I'd also be remiss to not add that on the study that Anthony Fauci had funded, one of the other primary funders of it was the Bill and Melinda Gates Foundation. | ||
| But I think there are two kind of paradigms by which to view this whole biolab situation. | ||
| One is the more, I think, probably generally accepted idea that, oh, this is just bloated government spending. | ||
| This is just why big government sucks. | ||
| Oh, our government has become too big. | ||
| We're sending money to Sudan. | ||
| But I don't really think that that is what is going on here. | ||
| I think this is a lot more nefarious in the sense that the United States government is involved in countries across the globe, particularly ones that they should not be, whether it's China, Ukraine. | ||
| I'd even put Sudan in there, too. | ||
| But I think it has to do with the kind of essential question that we've been asking here at War Room, Which is if the very same people who are the ones who are supposed to be preventing pandemics are the ones who are intimately involved with the research that also has to do with coming up with the cures and vaccine research and for instance the cholera study that I brought up that the Sudanese laboratory was engaged in with NIH funding had to do with creating better ways of testing and tracking the virus. | ||
| I think that it's just a very very very messy conflict of interest And frankly, the United States has no purview over what's going on in laboratories here. | ||
| We know Chinese Communist Party infiltration via the Thousand Talents plan is to the moon. | ||
| So I highly doubt that thousands of miles away, especially in countries where you barely know what's going on in the ground there, even from a military perspective, that we know what is going on down to the level of deadly, deadly pathogens. | ||
| I know you're going to be on this. | ||
| You're going to be on at five o'clock. | ||
| You're going to be the host. | ||
| I hope I'll talk to you in the interim. | ||
| I want to go through this amazing New York Times interview with Fauci that's got lots of jewels. | ||
| I know you've got a lot to do. | ||
| It's a great report. How do people get to it? | ||
| It's warroom.org. This is amazing analysis, investigative reporting to pull this out when nobody else could find it. | ||
| So where do they go, Natalie? Thank you. | ||
| Make sure you go to warroom.org. | ||
| And I enjoy being on as a guest, not just hosting. | ||
| So thank you for having me. | ||
| See you at five. Thank you, Natalie. | ||
| Thank you for doing this. Let me get, we get other stuff backed up, but I want to go to Cortez. | ||
| Cortez, this is when you hear, I want you to just talk to me about that open with, oh, we can all come together and the appropriations. | ||
| And we did it in December. | ||
| We came together in December, right? | ||
| And then you see, then you go to the lab, what we're funding. | ||
| Like in Sudan and Ukraine. | ||
| And it never comes to light until the warlords are sitting there at the lab saying, hey, you know, maybe we'll, you know, for $10 million, we'll let you come in and take out all the bioweapons you've been working on. | ||
| This is the problem. | ||
| There's no logic to this. | ||
| There's nobody on top of it. | ||
| The American people are not being dealt with straight. | ||
| And now we're getting all the happy talk. | ||
| Steve Cortez. No, correct. | ||
| Listen, number one, we can't afford these ridiculous policies. | ||
| But number two, they clearly don't serve the U.S. national interest, nor our national security, nor even our health. | ||
| We have troops, by the way, right now all over Africa. | ||
| I think a lot of Americans are unaware of that. | ||
| You know, again, that doesn't make sense strategically, but we also can't afford it. | ||
| In addition to that, when it comes to these biological research institutions, how about we have them in the United States? | ||
| And if they do need to be anywhere else, how about places like Canada and England? | ||
| Not Sudan and China, okay? | ||
| Let's please learn our lessons. | ||
| But Steve, regarding the debt showdown and that idea that, oh, we came together in December, let's just do that again. | ||
| Well, Steve, that come-together moment, okay, that uniparty kumbaya fiscal disaster known as the omnibus, that is exactly the beginning in many ways, or I should say the acceleration, not the beginning, but the acceleration of Of the financial crisis that we are enduring at this very moment, | ||
| the reason that we have a banking crisis, that we have over two years of crashing real wages, that we have widespread despondency out there, total lack of confidence among the American people, particularly as it pertains to their financial life, a huge part of the reason is exactly What the Washington establishment did in December with the omnibus. | ||
| And it wasn't just Biden. He gets the most blame, of course, but he doesn't get all the blame. | ||
| It was Biden along with Speaker Pelosi. | ||
| Thankfully, we took that gavel and that title away from her. | ||
| But it was also feckless Senate Republicans like Mitch McConnell and Tom Cotton. | ||
| They created this mess. | ||
| We didn't make the mess, okay? | ||
| We didn't throw the ridiculous, stupid party, but we're gonna clean it up anyway. | ||
| And a big part of cleaning it up right now is not repeating the mistakes that have been made in the very recent past. | ||
| Okay, Cortez, hang right there. | ||
| You're going to come back. We've got a lot more to go through, including today on The New York Times, our beloved paper of record on the lead story is, of course, Biden announcing, Biden announcing that he's going to be running for reelection in 2024. | ||
| In this column, this column is what Steve Cortez has been warning us about. | ||
| It's a collapse of the property, the commercial real estate and property market in New York City. | ||
| The biggest of them all. | ||
| Okay, we're going to get into all of it. | ||
| So goes the commercial property. | ||
| So goes the regional banks. | ||
| So go the regional banks. | ||
| So go the economy. | ||
|
unidentified
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We're gonna connect all the dots tied back to the dead ceiling next in the war room We will fight till they're all gone we rejoice when there's no more Let's take down the CCP! Your host, Stephen K. Band. | |
| Okay, welcome back. | ||
| Make sure you go to birchgold.com slash Bannon and get the End of the Dollar Empire. | ||
| It's the series, the politics of money, the fate of the dollars, the prime reserve currency. | ||
| The third is the debt trap. | ||
| It'll get you totally up to speed on everything that's going on in this huge debate. | ||
| Remember, this is just the opening salvo. | ||
| But we do want everybody in the Warren Posse to have your voice heard. | ||
| That's what the platform is for. | ||
| Make sure you go to 202-225-3121 for the House, 202-224-3121 for the Senate, the House today. | ||
| Let your representative know, particularly if you don't want to budge and have one penny. | ||
| Remember, they're talking about going back. | ||
| The key to the McCarthy is the 2022. | ||
| But Hakeem Jeffries told us the 2022 spending was transformative. | ||
| I don't think that's a great base to take on. | ||
| We're hardliners here. | ||
| Not one penny increase. | ||
| Let's do the prioritization of payments. | ||
| We'll never default. Plenty of cash coming in. | ||
| But you're going to have some tough discussion of some of this discretionary spending. | ||
| I mean, right now, the Republicans are pushing back on Matt Gaetz's work requirements. | ||
| These work requirements are very, very, very rudimentary. | ||
| And this is the kind of crap you got going on at the time. | ||
| We got to take our hard stand because, hey, here's the question. | ||
| Even if we pass McCarthy, if you pass McCarthy's bill today, and if you go to, because it really, that's more about the energy side. | ||
| It's really not about cutting spending. | ||
| It's just not. If that was to pass, the Senate would pass, which they won't, and Joe Biden would sign it, which he won't. | ||
| But let's assume, for purposes of discussion, he would. | ||
| We'd be back here in a couple of months, because they're going to blow through the $1.5 trillion, because tax revenues are coming even less now. | ||
| Why? Because of the implosion of the Biden economy. | ||
| Why are the Biden economy imploding? | ||
| Because of too much government spending. | ||
| Drove inflation, destroyed government bonds, blew up the bank's balance sheets, all back. | ||
| Let's finish the job. | ||
| What is the job you want to finish? | ||
| Completely and totally destroy the United States of America? | ||
| Her sovereignty? Her economy? | ||
| Her people? Is that what you're here to finish? | ||
| No, no, no, no. We're not going to do that. | ||
| We've had it. It's been illegitimate. | ||
| They didn't win the election. Everybody knows that. | ||
| Okay? It's an open secret. | ||
| That's why he gets no respect throughout the world. | ||
| Not just his bizarro policies. | ||
| They know he's not legitimate. | ||
| So, and look, the Murdochs are in on it. | ||
| That's why they're silencing Tucker. | ||
| Tucker was in primetime of mainstream media, was not just the biggest of which he was, he was the only platform for populist nationalism. | ||
| And that's why his, the subject matter he covered and the topics he covered and the people he brought on and the angle of attack that he had resonated. | ||
| Because this country's becoming more and more populous every day because you've got a government that's essentially destroying your financial, economic, cultural, civic life and, oh, by the way, your children. | ||
| Because they've targeted you as the traditional nuclear family that you're the problem. | ||
| And on top of that, look at this thing in Sudan. | ||
| Like, we don't have enough problems in the world. | ||
| Now we've got to find out Ukraine, which, by the way, the whole Ukraine thing is just totally fishy. | ||
| It doesn't make sense why they're shoveling hundreds of billions of dollars. | ||
| I understand they're skimming off the top, but there's something deeper. | ||
| And we know we've got all types of labs over there, which only came to understanding because Victoria Newland couldn't back her way out of lying under oath to a Senate committee under Rubio. | ||
| And now we know we got them in the Sudan. | ||
| You think Wuhan is unregulated? | ||
| Try the Sudan. It's one of the most dangerous places on earth. | ||
| It turns out your tax money, unbeknownst to you, And maybe you should ask your congressman when you're calling up and saying, hey, here's my idea on the debt deal. | ||
| Nothing. Steve Cortez said we're going to go Senator Geary and the Godfather. | ||
| Hey, how about this, Senator Geary? | ||
| You pay the license. | ||
| Okay, you pay it. | ||
| We got to start taking hard lines. | ||
| I understand you had the Biden official at the beginning talk about meals. | ||
| Yes, there are going to be tough decisions. | ||
| I understand that. But we can't continue to pay for this. | ||
| Now, one way we can start to deflect the cost somewhat is let's get the tech oligarchs and let's get the Wall Street oligarchs and let's get Larry Fink. | ||
| I have no people go, you can't raise a tax on the wealthy. | ||
| Hell, I can't. They all hate you. | ||
| I can count on one hand the number of super wealthy that back the MAGA policy program. | ||
| Why do you think they hate Trump? | ||
| I think it's political New York Times. | ||
| They got the big long faces about DeSantis because, quite frankly, you know, he's a good governor. | ||
| He's got to stay and get some more training. | ||
| He's doing a good job. I like what he's doing at Disney. | ||
| So I don't agree 100 percent of all these personal attacks. | ||
| But he's not ready. | ||
| And to reinforce he's not ready, it's been like – because the guy's never been overseas. | ||
| I'm not so sure. | ||
| And somebody asked the question. Up until you went this time, do you actually have a passport? | ||
| Have you actually been? Are you going to fly into South Korea for two days? | ||
| Are you going to fly into Japan for a day? | ||
| And no offense, you look like kind of a clown tourist. | ||
| It's so not ready to be commander-in-chief. | ||
| We're in the middle of the beginning of a war, okay? | ||
| The Third World War. It's a financial crisis. | ||
| It's a global capital markets crisis. | ||
| You now have a geopolitical crisis. | ||
| You got the worst actors on Earth. | ||
| You got actors that are worse in the late 1930s. | ||
| And hey, they were pretty bad. | ||
| Talk about some devils. | ||
| Right? Mussolini and the fascists. | ||
| You had Hitler and the Nazis. | ||
| You had the imperial staff of Japan. | ||
| They were pretty bad hombres. | ||
| Okay? Today, look at the crowd you got today. | ||
| John Fredericks, Murdoch, and I'm telling you, Forbes reported it. | ||
| I'm not sure, but I think I've nailed this. | ||
| He was negotiating a longer-term contract in 2029. | ||
| He's getting about $20 million a year. | ||
| Forbes reported it this morning. | ||
| I think there's a couple of years left in this contract. | ||
| And Forbes said if they continue to pay him by what they understand the terms of the contract, and I think some of the conservative media has this wrong, under the terms of the contract, if they keep paying Tucker, I don't think he's going to be starting a new channel. | ||
| I don't think he's going to go to One America. | ||
| I don't think he's going to go. And by the way, Mr. | ||
| Herring, I love the herrings. I think One America is great. | ||
| And he's sitting there going, yeah, yeah, we're going to have a meeting. | ||
| Maybe pay him $25 million. Brother, he's getting $20 million a year. | ||
| It's not over. | ||
| I would respectfully submit that might be 2x the payroll of One America. | ||
| This guy brings in a big audience. | ||
| It's a big ticket. | ||
| But the plan of what they wanted to do... | ||
| Was to take away a platform to not get to the... | ||
| Look, the John Frederick's radio show audience, the War Room Posse, Real America's Voice, the Charlie Kirk. | ||
| The people who come here are activists. | ||
| The people who come here are on the tip of the spear. | ||
| The people here, I mean, we've got to keep up running all day long, you know, spending 10 hours a day to get ready for the show because they've got so much podcast and so much information. | ||
| They're so far ahead of where everybody is. | ||
| You've got to rush every day just to keep barely above water. | ||
| That's not a primetime mainstream media audience, okay? | ||
| What Tucker was hitting was a much broader audience that's not quite that engaged. | ||
| It's a little bit, don't take this the wrong way, Fox. | ||
| Low information, okay? | ||
| And Tucker was every day giving him summits. | ||
| That's why the Murdochs, they don't care if they got to pay him $20, $40, $60 million to have that gone. | ||
| They'll gladly pay that because they are, and I said this in the CPAC speech, they're anti-MAGA, they're anti-you. | ||
| Trump, they see it as the manifestation of that. | ||
| I told you they were going to have, and I said at CPAC, they're going to go through Ron DeSantis because he doesn't have the right stuff, at least not now, maybe a couple more years as governor, but not right now. | ||
| They'll toss DeSantis to the side, and when they toss DeSantis to the side, they'll have Tim Scott or Junkin or Kemp. | ||
| They'll be a savior du jour. | ||
| A savior de jure for the RINO establishment. | ||
| And don't toss those guys out because none of those guys are going to be president. | ||
| Trust me, none of those are going to be president. | ||
| And then they'll work with Michelle Obama or they'll work with Biden. | ||
| They'll work with whoever they've got to work with to stop Trump and the general. | ||
| And then when Trump does win, Every day in the Trump second term is going to be Stalingrad. | ||
| Every day in the second term, the best day in the second term is going to be worse than the worst day in the first term, okay? | ||
| Just write that down. Take out your number two pencil and write that in your notebook right now because that's happening. | ||
| We're at war with these people. | ||
| You see what they're doing to President Trump? | ||
| There's another trial going on this week. | ||
| They just talked in Atlanta. | ||
| They told you, hey, we're going to indict him in August. | ||
| Let's get the National Guard called out. | ||
| John Fredericks, what's the solution to this, brother? | ||
| Well, number one, Fox News is Conservative, Inc. | ||
| And we've been saying that for a long time. | ||
| What they did with Tucker Carlson is they bought out his contract to silence him, right, through the 24 election. | ||
| That's why they did this. | ||
| But look, all of these hosts, we have to understand, all of them serve at the pleasure of their corporate overseer. | ||
| All of them, because they don't own the outlet. | ||
| So basically, me on Real America's... | ||
| On REV at 7 a.m., 7 to 8, I serve at the pleasure of Rob Sieg, who's the CEO and owner. | ||
| If he decides tomorrow, hey, I don't fit the station, or he doesn't like what I said, I get a call from Michael Norton, CEO, and they fire me. | ||
| That's the way it works. | ||
| The solution to this is you have to own the outlets you're on. | ||
| Without that, you're always going to be at the whim of the corporate overseer. | ||
| Now, we happen to be very fortunate in having a visionary CEO on REV like Rob Sig that sees the future and he understands what the movement is. | ||
| But that could be sold tomorrow. | ||
|
unidentified
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That could be someone else. This is the bottom line. | |
| He has contacted me about your stuff getting a little sharper. | ||
| We'll take that up. | ||
| I'm just kidding. I'm just kidding. | ||
| We got a minute here. | ||
| Tell me about the stations. I'm going to hold you through the break. | ||
| Tell me about... Poor Sig. | ||
| Tell me about, look at what Sig's got to put up with. | ||
| He's got Bannon, he's got Ed Henry, he's got Charlie Kirk, Posovic, Fredericks. | ||
| Tell me, why do you have to own the outlets? | ||
| What outlets? When we started, I think you were 2AM, I had a Facebook page, which they eventually took down. | ||
| We launched really on Facebook, and John Fredericks had two, I think, AM stations in my hometown of Richmond, or three. | ||
| I forget. You owned a couple. | ||
| You managed a couple. | ||
| And I had a Facebook with, I don't know, 350,000 people. | ||
| Eventually, RV came in. | ||
| Eventually, they shut me out of Facebook. | ||
| I'm permanently banned on Facebook because of what we were putting up on the war room. | ||
| But tell me about the state. I tell you what, Fredericks, hang on. | ||
| I'm going to take a break. I've talked enough. | ||
| We're going to take a short break here. | ||
| I'm going to get John Ferguson, why you've got to own your content and you've got to own your outlets. | ||
| Real America's Voice is becoming a true alternative for people that want breaking news, and the lineup throughout the day is pretty amazing. | ||
| If you start in the morning, you go all the way into the evening, you get a pretty good idea of what's happening around the world. | ||
| You get a pretty good idea of what's really going on. | ||
| They're doing a terrific job. | ||
| John Fregg's also buying a bunch of FM stations and AM stations, which we're on, too. | ||
| I think he's up over 10. | ||
| We'll get to all that. Steve Cortez has got a lot of breakdowns, including what Steve Cortez has been talking about commercial real estate. | ||
| The New York Times finally caught up with him, put it on the first page. | ||
| They're a little worried about how it's going to affect the banks. | ||
| All next in The War Room. | ||
|
unidentified
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Here's your host, Stephen K. Band. | |
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| Get to the square. Mother's Day is coming up. | ||
| Maybe you get your mom a topper. | ||
| Hey, just own it out there. | ||
| Something to think about. So, Fredericks. | ||
| Why is it important for you to own the radio stations? | ||
| Because when we launched your three or four stations, an RV came in a couple weeks after that. | ||
| But really, Facebook, which... | ||
| I had a bigger audience on Facebook because I think we had 350,000 people. | ||
| I think we had 350,000. | ||
| Eventually, they just came in one day and boom, you're out. | ||
| You're gone. They blew us out of YouTube. | ||
| They blew us out of Twitter. | ||
| They blew us out of Facebook. | ||
| Boom. And Facebook was as big as it is for many. | ||
| It was a big thing. Gone. | ||
| I mean, no fare thee well, no excuse. | ||
| You're just gone. Content can't get to. | ||
| Why is it important to own the stations? | ||
| Well, you were blown out of Facebook and YouTube because you don't own the outlet, so they don't like your content, so they basically silence you. | ||
| Look, my wife, seven years ago, we didn't like everybody else. | ||
| We had affiliates. I had a radio show, and we tried to get affiliates. | ||
| Seven years ago, my wife, Ann, is a visionary. | ||
| She said, there's going to be a coming shakeout in media. | ||
| And the only way we're going to do this is if you own the license, you own the media outlet that you're on. | ||
| Therefore, you can't be silenced. | ||
| And then all you have to do is be sure that you have an audience and that you have advertisers that can get a result from their audience. | ||
| And that's how we built the company. | ||
| When you first came on and called me up on that Sunday, halftime of the Titans game, At 2.15 p.m. | ||
| and said, I want to go with a show. | ||
| I didn't have to go to a boss. | ||
| I didn't have to go to corporate suit someplace and get approval. | ||
| I put you, that was Sunday. | ||
| We had you on on Tuesday on my radio outlet because we own the outlets. | ||
| People can complain. | ||
| Who are they going to complain to? | ||
| Ann? There's nothing to do. | ||
| So we decided, look, you got to own the outlets. | ||
| That's why we're buying these radio stations. | ||
| We got 12 now. We're adding two more in Pittsburgh pending FCC approval, which will be in hopefully a couple of weeks. | ||
| They'll be in Philadelphia, Pittsburgh, all these in Virginia, Atlanta. | ||
| But the key is we made the decision seven years ago. | ||
| To own the media outlet we're on so that we can't be canceled. | ||
| And what was happening with Fox and all these people is, you know, Tucker had a show when he had his whatever he was doing, but he was serving at the pleasure of the Murdochs. | ||
| And when they decided that he became a liability and Either through not selling enough ads or not getting ratings or just not fitting their narrative, he's gone. | ||
| And now they're paying him out the silence. | ||
| It definitely wasn't audience or ads. | ||
| It's had nothing to do with the economics of it. | ||
| It had to do that they don't want Trump and they don't want MAGA. If you're watching Fox, you're helping the people that are against you. | ||
| Just be blunt. You're only helping. | ||
| That's why take the clicker and turn it off. | ||
| Just go outside, walk around, get some fresh air. | ||
| We're not even saying come to Real America's Voice. | ||
| It's great if you did. | ||
| We think if you come and check it out, you won't leave. | ||
| And we know we're not the easiest place in the world to find. | ||
| But, you know, sometimes you got to bury the bones of the dog searches for it, right? | ||
| You got to want this. It's not going to be... | ||
| Our show is tough. | ||
| The John Fredericks show is tough. | ||
| Charlie Kirk, we're not here to make it easy for you. | ||
| We're not here to feed you pablum. | ||
| We're here to make sure that you understand exactly what's going on in your country, the world, and particularly to you, because you're the decision maker at the end of the day. | ||
| And we try to make sure, like on this debt ceiling, if enough of you call and fire up your local congressman, they're not going to pass this thing. | ||
| And my big complaint about it, it's not even close to being tough enough. | ||
| We have to have a reality check. | ||
| It's a messaging bill as it is with McCarthy. | ||
| I got that. But let's send him a message then. | ||
| Let's say, hey, how about this? | ||
| Suck on this. Not one penny. | ||
| You're going to have to figure it out. | ||
| And yeah, the woman from the White House is going to have big old crocodile tears next week coming down. | ||
| That's fine. You're going to have to have this. | ||
| Fredericks, where do people go to get the show? | ||
| Where do they go to get all your content? | ||
| You want to do my radio show, it's really easy. | ||
| Just go to johnfredericksradio.com, download our free apps there. | ||
| We got them on all the stations. Follow me on all social media, at JF Radio Show. | ||
| That's all the same. And don't forget, I put a video out every day about 12 o'clock, my MLB baseball picks. | ||
| I'm hot as a pepper. | ||
| Right now, up.500, 15 games over.500 so far for this season. | ||
| We bet the money line on DraftKings. | ||
| Go to GodzillaWins.com. | ||
| You get my videos about two minutes every day. | ||
| It's impossible. It's hard. | ||
| The Sportsbook guys will tell you it's hard to bet baseball because you're betting on the pitchers, betting on the starting pitchers, so it's tough. | ||
| You've got a real talent there. | ||
| You're just another angry old white guy on the radio, but hey, it works. | ||
| And Sig's giving me some notes. | ||
| I'll share that. Actually, I'll share it with Bowserman and Ann later because I want to talk to decision makers over at the John Frederick radio show. | ||
|
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About maybe sharpening the pitch. | |
| But no, on the Godzilla, for the degenerate gamblers, you have a true gift there, John. | ||
| You have a true gift. The basketball, the football show is amazing, and your baseball is second to none. | ||
| And I love baseball. | ||
| I love going to your thing every day. | ||
| So, John, thank you so much. | ||
| The team's doing great. | ||
| You're 12 now. | ||
| We want to be 24, 25 before the end of the year, so keep ripping. | ||
| All right, Steve. Thank you for having me. | ||
| John Fredericks. John Fredericks. | ||
| The John Fredericks Radio Show. | ||
| 12 stations. This was a guy. | ||
| Remember, John Fredericks' story is in 2008 when the crash came. | ||
| His company went into bankruptcy. | ||
| He and Ann were entrepreneurs, and they were wiped out. | ||
| They lived in a hotel, I think, for two years, paying by the day. | ||
| Just to scrape by. And now they've totally reorganized, come forward, and is, I think, one of the great content providers and distributors in the business. | ||
| We've got a real world-class content provider in Steve Cortez. | ||
| Let's go ahead and play. We've got a clip from The Economist, and then we have a chalk talk from Steve. | ||
| Let's play that and get Cortez back on here. | ||
|
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Recently, Fox has tried to give DeSantis a lot of airtime and give Trump less, and yet it seems like the audience won't necessarily be led in the direction some people at Fox would like it to go in. | |
| It's a bit like the situation the Republican Party found itself in in 2016, right, in the sense that you had slices of the party elite, most of the donors, et cetera, who really didn't want Trump to be the nominee, and yet there wasn't that much they could do about it, and then they wound up just throwing in their lot with him. | ||
| I think also it demonstrates something, a misunderstanding that a lot of people have about the way that the modern media in America works, which is that they conceive news bias as a consequence of journalist bias or editor bias or even funder bias. | ||
| And a lot of the times, as Fox demonstrated, the audience capture is actually a stronger dynamic where audiences not only have a clear worldview that they're habituated to, but if they don't get it, there are now many, many alternatives that they can go to The startup cost for creating a media outlet is just vanishingly low. | ||
| And so I think news outlets, and that includes those on the left, or more aligned at the left, have to basically pay service to its audience. | ||
| Otherwise, they get trapped like Fox did. | ||
| And I think you already see on the right, there are, for example, Steve Bannon's podcast is probably the most important piece of non-mainstream podcast. | ||
| News at the moment, including Fox News and the mainstream for that comparison. | ||
| But there are all sorts of alternatives that people have at the moment, and that just makes it so much harder to change, like I think Fox has tried to do unsuccessfully. | ||
| Patriots! Biden's banking crisis? | ||
| It's big problems for small business. | ||
| Let me explain why in a Chalk Talk. | ||
| Moody's Rating Agency just downgraded a stunning 11 regional banks. | ||
| Now, regional and smaller banks, they provide the financial fuel for the small and medium-sized firms that used to power our economy for those Main Street operations. | ||
| Why are they so important? | ||
| Well, let's look at where Americans work. | ||
| One-third of all Americans work for a company of 100 or fewer employees. | ||
| Almost half of all Americans work for a firm of 500 or fewer employees. | ||
| What the so-called progressives are doing right now, their policies are resulting in an ever greater concentration of both political and economic power in just a few hands. | ||
| The multinational banks, multinational corporations, and the oligarchs. | ||
| We, in turn, patriots, must provide The populist political revolt against that movement. | ||
| Let's do it. Okay, Steve, that is amazing you made this morning. | ||
| Let's bring in Cortez, but that connects to a degree something you've been talking about, the commercial real estate market. | ||
| The New York Times has got it up as its lead on the side. | ||
| They got Biden's, you know, let's finish the job of destroying the American economy. | ||
| And then they've got the commercial real estate, which they tie back In the inside part of the paper, in the article, about 50 paragraphs down with, oh, by the way, this is going to lead to the implosion of regional banks because they're the ones really with exposure in commercial real estate. | ||
| Tie it all together, brother. | ||
| Yes, you bet. It is already leading to the implosion of the regional banks. | ||
| Right now, Steve, as we speak, we spoke yesterday about First Republic Bank. | ||
| This is the newest bank sort of in the crosshairs of market selling and market stress. | ||
| Yesterday, it finished today down a stunning 50 % on the day, Steve, 50 % on the day. | ||
| Today, it is right now halted, FRC is the ticker, and down 39%. | ||
| Lost 50 % yesterday, lost another almost 40 % today. | ||
| And the stock halted. | ||
| So anybody who thinks that the banking crisis has somehow been put aside, think again. | ||
| This is very much a crisis that is enduring and in many ways accelerating right now. | ||
| And there's a lot of reasons for it. | ||
| All of them point back to Biden, to the ruling class, to the Democratic Party, to establishment Republicans, and all of the many mistakes they've made, the sequence of mistakes. | ||
| I wrote about it in my article called The Syllabus of Economic Errors because these economic errors all led to this place. | ||
| Where we are right now, specifically regarding commercial real estate, the two biggest forces were the lockdowns, the absolutely tyrannical, illegal, and unscientific lockdowns that forced Americans and Employers and employees to learn to work remotely, at least maybe not as effectively as they were, but effectively enough. | ||
| In combination with that, Steve, the 2020 summer of violence that spread all across America via the BLM riots that were not just tolerated, but in many ways encouraged by the left. | ||
| created a situation in many of these city centers that endures to this day where they have become wastelands, where regular law-abiding people simply don't want to go because they are so unsafe, especially places like downtown Chicago, The Loop, and downtown San Francisco. | ||
| So you combine remote work with incredibly unsafe city centers, and you have a crisis of office towers that are largely empty and emptying at an increasing pace. | ||
| with enormous ramifications for the regional banks, who at the same time are already suffering from Biden's inflation. | ||
| So all of it is interconnected. | ||
| But what I want to bring it back to, and what I tried to do there in that chalk talk, Steve, is to bring it back to Main Street, why this matters to Main Street. | ||
| Even if you don't follow high finance, even if you're not all that into macroeconomics, Regional banks and the smaller banks, they provide the economic and financial fuel for small to medium-sized business in this country. | ||
| That's just the reality. A small firm does not go to Wells Fargo for a loan or for financing. | ||
| They just don't. They go to regional and smaller banks. | ||
| That's the reality. And in addition to that, and Steve, I was even surprised at these numbers, how many Americans, almost half of all Americans, work for a firm That is 500 people or fewer. | ||
| A third worked for a firm that's 100 people or fewer. | ||
| So historically, the dynamism, the energy, the drive of the American economy has been these small to medium sized firms that are led by owner operators, by the aspirational strivers of society, and it's employed millions and millions of Americans. | ||
| That employment is now being put at risk. | ||
| That energy, that creativity in the American economy being put at risk all because of Biden. | ||
| Okay, we're going to take a short commercial break. | ||
| I mean, this is one of the things when he has this, his catchphrase for his re-election is going to be, finish the job. | ||
| Finish what job? The job you've done destroying the American economy, destroying our sovereignty, destroying our place in the world, putting us in jeopardy. | ||
| That's what you're going to finish? | ||
| Short break. Cortez, Harnwell, Navarro, all next in The War Room. | ||
|
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| Okay, these are very important topics given this debt ceiling debate. | ||
| Make sure you go 202-225-3121. | ||
| They can send you anywhere. | ||
| That's the general switchboard. | ||
| It's also the house number. | ||
| Make sure your voice is heard today, particularly all the different proposals going around. | ||
| They're going to add some things. | ||
| I think the voting could start. | ||
| My crack staff ought to check that and find the latest. | ||
| I'm getting some updates as we go. | ||
| Peter Thiel has announced... | ||
| He's not supporting any candidates in 2024. | ||
| That just came across the wire. | ||
| We'll drill down on that. Peter Thiel out when he calls to 2024. | ||
| I don't know. Is that tied to artificial intelligence? | ||
| Big tech oligarchs? | ||
|
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What is it? We'll make sure we drill down on that in the next couple of days. | |
| I've got... Navarro's written an amazing piece on Tesla. | ||
| It's been suppressed by Twitter. | ||
| I'm so shocked there. | ||
| We're going to get to Navarro in a second. | ||
| Let me go to the trucks don't lie, Cortez. | ||
| So we got the commercial real estate, the regional banks. | ||
| This is the structural problems we've got. | ||
| You've got these insane people and they're insane up there on Capitol Hill saying, you've got to increase the debt ceiling. | ||
| We need a clean lift on the debt ceiling so we spend everything you want. | ||
| And then we can come together and have a joint discussion like we did last year when we came to the omnibus bill. | ||
| Let's have a joint discussion. No. | ||
| We need leverage, and we're going to use the leverage because you're out of control. | ||
| And look, McCarthy has done as good a job, I think, as you can to wrangle the cats in the house, but somebody's got to have a reality check with these moderates. | ||
| Now, here's the reality check. | ||
| Tell me what you're going to do this fall. | ||
| We're going to be back in the same place. | ||
| If we were to magically pass this whole thing today, which won't happen, and have the Senate pass it, which won't happen, and have Biden sign it, which won't happen, but let's say we did. | ||
| Let's say we did that. We're going to be back here in the fall now with another $3.50 in the same freaking discussion. | ||
| So let's have it now. Why wait? | ||
| Why put another $3.50 onto our children's head? | ||
| Because you haven't cut to the chase. | ||
| And now you see it's starting to impact everything. | ||
| It's starting to impact commercial real estate. | ||
| It's starting to impact the economy. | ||
| The Wall Street Journal leads today, not with Biden's re-election, the far-right column, Google Post, second straight fall in ad revenue. | ||
| There's going to be more layoffs. | ||
| Why? Because the consumer is totally stretched, as we've told you, time and time and time again. | ||
| And now, you know, Cortez's price is truth and the trucks don't lie. | ||
| Steve Cortez, UPS, what is that telling us, sir? | ||
| Yeah, that's exactly right. A couple of chart and quote here to show the data and evidence that the U.S. economy is careening downhill because of the policies of Washington, D.C., and specifically Joe Biden. | ||
| By the way, the corporate media, I guarantee you, will soon be talking about these issues, about trucking and shipments, just as they are now finally catching up to us talking about commercial real estate. | ||
| And by the way, I'm glad that they finally get there, and we're happy to do their work for them to effectively be their unpaid research staff ahead of time But the gray lady of the New York Times now talking about commercial real estate, she is water skiing, okay, behind our boat, Steve, behind the SS War Room. | ||
| I guarantee the same will be happening very soon when it comes to transportation and shipping because the data and the evidence, unfortunately, Out of the movement of goods across the country portends for a very, very significant downshift in the U.S. economy. | ||
| Let's get to the data. If we go to chart number one, this is from Freightways, which is a company that does a lot of great work on logistics and shipping. | ||
| This chart goes back 15 years, and these are the shipments of boxes. | ||
| So it doesn't get more simple than this. | ||
| Cardboard boxes, shipping containers, shipping boxes, okay? | ||
| This is from Packaging Corporation, which is one of the biggest producers of boxes in the United States. | ||
| Again, that chart goes back 15 years. | ||
| The previous plunge, the red bars that you see going decidedly downward on the very left side of that screen, That was 08-09, so not that surprising. | ||
| During the great credit crisis, the great financial crisis, the shipment of boxes tanked. | ||
| What are we seeing now? | ||
| The exact same thing, except actually worse, Steve. | ||
| So a lot of times we talk about comparisons now to 08-09, at least when it comes to box shipments, a leading indicator of the economy, the movement of goods, things are actually worse now, according to Packaging Corporation. | ||
|
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Than they were in 08 and 09. | |
| But this isn't just limited to that company. | ||
|
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If we go to chart number two, you mentioned UPS. Hang on. | |
| Let's go back. If Palm Beach can put back the previous chart. | ||
| For our radio, which we just talked about, our vast radio audience and our podcasts, and we're always in the top couple of podcasts every day in the country that can't see this, this chart is stunning. | ||
| Just verbally walk me through the chart. | ||
| They got two red implosions On bookends, one in 08 and 09. | ||
| Then you've got all this blue that the boxes are being shipped and the economy is going, particularly during the Trump years. | ||
| It's all going. Then you have a plunge that looks like it's deeper or as deep as 08, 09. | ||
| Is that the way I'm to interpret that, Brother Cortez? | ||
| Correct. That's exactly correct. | ||
| Even deeper right now. | ||
| Even deeper according to the shipments from Packaging Corporation, which is one of the largest producers of boxes, of shipping boxes, of cardboard boxes in America. | ||
| So the far left-hand side of the screen shows the 08-09 crisis where we had not surprisingly a plunge in these boxes in between for 15 years since almost uninterrupted Positive shipments, meaning a lot of economic activity, a lot of stuff being moved all over the country for a very, very long time with just a couple of minor interruptions, and now a massive decline again, and in fact, a worse decline than we had before. | ||
| In 08 and 09. | ||
| And I think this validates what we heard from J.B. Hunt, the trucking giant. | ||
| It also validates what we now have heard just this week from UPS. And so if we go to chart number two... | ||
| But hang on. | ||
| I'm going to hold the UPS. Okay. | ||
| I'm going to hold you through the break. | ||
| I got to get Navarro in here. | ||
| I got to break this Tesla news, which we're going to do. | ||
| We're going to take a 90-second... | ||
| Is it 90 seconds? I think it's 90 seconds. | ||
| It's a two-minute short break. | ||
| Get a quick cup of coffee, heat it back up. | ||
| Let's get ready to roll. You're on watch here. | ||
| Today's a big day. You should be calling up on Capitol Hill and giving them the what for. | ||
| That's what the war room posse is known for. | ||
| We're going to give them the what for. | ||
| Let's roll. Okay, we're going to be short break. | ||
| Navarro's got an amazing piece on Tesla. | ||
| You can read it on Getter. | ||
| You can get it on True Social. | ||
| Not so fast on Twitter. | ||
| Now, why is that? Why would it be suppressed on Twitter? | ||
| What's the connection there? |
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