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May 12, 2023 - Bannon's War Room
48:48
Episode 2728: Biden's Debt Ceiling Scare Tactics
Participants
Main voices
s
steve bannon
29:22
Appearances
b
ben bergquam
01:51
d
dave brat
03:25
d
donald j trump
02:58
e
ej antoni
01:38
m
mike lindell
03:30
Clips
j
jake tapper
00:10
| Copy link to current segment

Speaker Time Text
steve bannon
This is the primal scream of a dying regime.
unidentified
Pray for our enemies, because we're going medieval on these people.
steve bannon
I got a free shot at all these networks lying about the people.
ben bergquam
The people have had a belly full of it.
steve bannon
I know you don't like hearing that.
I know you try to do everything in the world to stop that, but you're not going to stop it.
It's going to happen.
jake tapper
And where do people like that go to share the big lie?
MAGA Media. I wish in my soul, I wish that any of these people had a conscience.
unidentified
Ask yourself, what is my task and what is my purpose?
steve bannon
If that answer is to save my country, this country will be saved.
unidentified
War Room. Here's your host, Stephen K. Bannon.
donald j trump
With today's termination of the final remnants of Title 42, Joe Biden has officially abolished what remained of America's borders and turned the United States into a dumping ground for illegal aliens from all over the world.
We've become a third world nation.
At this very moment, illegal aliens are lined up by the tens of thousands ready to break into our country, knowing that even if they are caught, Joe Biden will order them immediately released into American communities.
And many of these people are very dangerous.
Under Biden, our border is gone.
Our sovereignty is gone.
Our national security is gone, and we are quickly becoming that third world nation that I've been talking about for so long.
It's happening to us, if you can believe that.
The United States of America is now a third world nation.
On day one of my new administration, I will end this travesty and restore the sovereign borders of the United States of America.
We will immediately resume expedited removals of people that are crossing illegally our border.
And following the model of President Eisenhower, we will use all necessary federal, state, local, and military resources to begin the largest domestic deportation effort in American history, to send the border violators back to their home countries, and we will do that immediately.
This invasion will not stand.
Our country is being invaded.
Our country is being destroyed by very, very stupid people.
These are stupid people.
We have to get them out. We have to take back the White House.
unidentified
Thank you very much. Mr.
President, so my question is, what do you think about the United States current debt situation and how can we move forward?
donald j trump
Such an important question.
So we're at thirty three trillion dollars, a number that nobody ever thought possible.
When we had our economy rocking and rolling just prior to COVID coming in, like literally, we were making a fortune.
And oil, we were going to make so much money from oil, we were going to start paying off debt.
But then with COVID coming in, we had to do other things.
We had to keep this country alive because it was so serious.
But we have to get the country back.
We have to lower energy prices.
We have to lower interest rates.
Interest rates are through the roof.
Energy has to come down. It all has to come down.
And we have to start paying off debt.
When we have a debt limit, and they use that very seriously than me, they came in, Schumer came in with Nancy Pelosi, and they were using it, we'll violate it, we'll do whatever.
They talked a whole lot different than they do right now.
I say to the Republicans out there, congressmen, senators, if they don't give you massive cuts, you're going to have to do a default.
And I don't believe they're going to do a default because I think the Democrats will absolutely cave because you don't want to have that happen.
But it's better than what we're doing right now because we're spending money like drunken sailors.
unidentified
So just to be clear, Mr. President, you think the U.S. should default if the White House does not agree to the spending cuts Republicans are demanding?
donald j trump
We might as well do it now because you'll do it later because we have to save this country.
Our country is dying.
Our country is being destroyed by stupid people.
steve bannon
Right there he says if you don't do it now, you're going to do it later.
We're in the middle of a sovereign debt crisis, our sovereign debt crisis.
We told you years ago this was going to happen.
We're the first people to really emphasize how big the debt ceiling was a year ago to make sure that you were going to man the ramparts.
You've done a magnificent job.
You're head of the creditors committee.
But Trump there is using a sophisticated negotiating, and this is what nobody wants to talk about.
Even if we, if Biden exceeded to the deal the House has on the table, which they're not, and what they're talking about now is some clawbacks from some pandemic spending and some energy permitting issues to let the spending go on.
We're going to be back here, and you give them the three and a half dollars, they're going to be back here in October, November.
We now know because of the, remember, the economy's only grown at 1.1%.
The tax revenues are significantly below that.
We're going to have a trillion-dollar deficit in the first seven months, historical, when you take out the issues with the pandemic, as we walked you through, when that was happening and why that had to happen about the drop in aggregate demand.
We're going to get back to that pandemic right now, and it's something that hasn't been sorted.
A company's doing the work on it.
I didn't have time, and I'm going to try to break out time tomorrow because the Third World War, as I told you, in the early stages of the Third World War, the Chinese Communist Party has told us there's a people war against the United States.
That's unrestricted warfare.
You know this. This audience knows this.
I'll get to the book of the indictment in a second.
But breaking news on the Financial Times of London, I don't think I got it to Denver to have it up yet.
But the Financial Times of London is breaking a story right now that China, Beijing, sending a special envoy to both Kiev and to Moscow as an arbitrator, as a negotiator for a peace deal.
Not the United States.
The United States is still pushing the Ukrainians and backing them on their spring offensive.
And I'm going to have Ben Berkowitz, Ben Harnwell with me tomorrow to go through everything that's happening in the Ukraine because there's quite a lot that's going on the battlefield there, particularly around Bakhmut.
And now the spring offensive looks like it may be actually beginning in Bakhmut.
But in the Third World War, we're still the instigators.
We're still the escalators.
And they're making the Chinese Communist Party now the party of peace, the party of negotiation.
And remember she was harping on Trump the other day.
Do you support Ukraine?
Do you support Ukraine? He says, hey, I support Russians and Ukraine is not getting killed in record numbers in the charnel house that is eastern Ukraine.
In all this third world war, remember the CCP and don't think the CCP is not in back a lot of stuff that's happened on the southern border.
You've heard about these military age young men from China coming over.
These aren't people fleeing the Chinese Communist Party.
They come through other methods, other means.
And when you talk about Venezuela and these other countries, that's CCP, those are the CCP's partners.
And now Lula in Brazil.
The CCP is all throughout Central America, all throughout the Caribbean, all throughout Latin America.
The invasion, the fentanyl is the second opium war.
We have to get savvy to the fact that we're in the beginning stage of the Third World War, and they're at war with us.
Yes, I didn't have time in the Financial Times yesterday.
China, because remember, China's having it both ways.
They're actually supplying, as we've said from the beginning, they cut a deal during the Winter Olympics.
They're the senior partner.
They're backing Russia's play, and now they're trying to act like a peacemaker.
Yesterday in the Financial Times, China threatens retaliation if Brussels targets its companies for aiding Russia.
China threatens retaliation if Brussels targets its companies for aiding Russia.
The Chinese Communist Party plays Smash Mouth.
Total and complete Smash Mouth.
And if you remember from the very earliest days when we shifted from war room impeachment to war room pandemic, one of the very first people we had, Stephen Hatfield, who went to the White House as my co-host for a week before we went to the White House, one of the first people we had on was this about, it was called China Rx.
Remember Rosemary Gibson? Remember Rosemary Gibson?
And why do we have her on here?
Because it turns out that the Chinese Communist Party, mainland China, controls basically 100 % of the generic drugs, the manufacturer, and particularly API, the actual ingredients that go in it.
You know how much that's changed since that time?
Not at all. Dr.
Sean Rollins. And the CCP, look at the headline yesterday.
They play smash mouth and hardball.
You're either going to do it their way or they're going to retaliate against you in Western Europe and Brussels.
If they do anything to their companies that are aiding and abetting Russia in its war with Ukraine, which here people's hair would be on fire, run around MSNBC. They said if you sanction any of our companies, you say anything about our companies doing that, boom, you're going to pay a price.
And next thing you know, you get these guys backing off.
Let's bring in Sean Rollin.
Dr. Sean Rollin, you've really taken Rosemary Gibson's book.
We built a factory here in Richmond, Virginia, my hometown, to alleviate this.
It turned out, I think it's doing insulin or something.
It's gotten off the ground somewhat, but not what they thought it.
But Rosemary Gibson laid out to the American people what the problem is.
They control all the generic jerks and manufacturing of it, and they control API. Where India started picking it up, they control 100 % of the API. They can cut us off at any time.
At any time they deem, they can cut us off.
Full stop. And they're already at war.
The second opium war, they got fentanyl pouring across here, took 100,000 people last year.
The Chinese Communist Party and the triads, who they've been in business with since the 1930s, Mao went to the Chinese gangs, the Triads, in Fuzhen, in Hong Kong, in Shanghai, the big Chinese gangs, and baby, they're like the mafia to the 10th power.
They're in business with the cartels of Mexico.
We had John Mills on here to show it.
Dr. Sean, how did you take Rosemary Gibson's book, The Threat of This, and actually give a solution to the American people?
unidentified
Well, you're right to point out that book.
That was probably As I was experiencing shortages in the hospitals I was working in pre-pandemic, dealing with not having some vital antibiotics.
Sometimes it was even things as simple as an IV saline solution that we didn't have.
I came across that book around that same time and really just opened my eyes to how deep this really goes.
Now, it's a huge problem.
It's how do we bring production back to the United States when you've got China undercutting prices and just controlling.
They've got a firm grip on the market at this point.
So what can I do? What could I do as a family medicine physician in just any town in the USA? Basically what I did was take an idea of something that doctors, that we already do, and that is a patient comes to me.
Maybe they're going to go on a trip. Hey doc, we're going on a trip.
We're going on a cruise. Whenever I go on a trip, I seem to always get a urinary tract infection.
Could I get some medicine just in case that happens?
Sure, you write that prescription for an antibiotic just in case they get sick.
It was really building on that idea.
What we did was, as a result, came up with a pack of five antibiotics.
These five antibiotics would basically cover a range of bacterial illnesses, things that you're most likely to encounter, whether you're in a natural disaster, whether you're traveling, whether you just are homebound and can't get out to the urgent care.
Or to a pharmacy.
And so they cover all those common things.
But then we also wanted to cover for the most deadly things, things like biotear.
So that was initially what we came to the market with.
And then most recently, we've added to that.
We've added a list of its approaching 800 medications.
It's what we've expanded into this chronic medication service, where if you've got high blood pressure, high cholesterol, thyroid disorders, seizure disorders, depression, anxiety.
You're dependent on a medication that you take every single day.
That medication comes from some far-flung country, probably in India, probably in China, maybe a few other places.
Ultimately, they're all getting their ingredients from China.
And so if anything were to happen from A to Z to getting that medication out of that factory door into your hands, we've experienced the shortages in the past, and I'm confident we're going to continue to experience them because we haven't done enough.
steve bannon
Hang on, Doc.
I want to hold you through the break for a couple of minutes.
I've got a lot to get through.
But I want to make people understand this because this is geostrategically where we've got ourselves.
The Indians are doing a great job.
They're setting up these generic factories and other people throughout the world.
People try to get away from the CCP. But here's the problem.
Correct me if I'm wrong, Doc.
I think 100 % of what's called the active pharmaceutical ingredients, API. Because without API, you ain't got a generic drug.
You ain't got any drug. They still control virtually all of the API, including vitamin C. So all of these things that Aidan already talked about, you don't think, well, ESD, but I got India, I got these other places, and I say no.
The rail headed that even for the Indian factories, the API, the active pharmaceutical ingredient as Rosemary Gibson laid out.
It's not just the manufacturing, the compilation of the generic drug.
They've got the API. They control the API. The Chinese Communist Party is as smart, as tough, as cunning as any enemy we've ever had in this nation.
Now, President Trump and I do disagree with that.
He says, and look, the administrative state, which is kind of their partner, the deep state here, that's his number one target.
Mine is the CCP, but hey, a close second on mine is the deconstruction administrative state, and a close second of his is the CCP. We just got to order different, but don't think they haven't thought this through.
Don't think that this invasion that's taking place today is totally without the black hand of the CCP that has some large element in back of it.
They are out to destroy our nation.
And what you have to do is think this through in your own self-reliance.
Short break. Got Brett and Burquam next.
unidentified
Your host, Stephen K. Band.
Okay, welcome back.
steve bannon
By the way, I'm not the first and only civilian ever in the history of this country to be fully sanctioned by the Chinese Communist Party for no reason.
They had a reason. You didn't hear me whine about it.
One of the key focuses of my life is to take down the Chinese Communist Party to support Lao Bai Jing, the Chinese common man and woman, to take down this dictatorial apparatus.
And it's hands all over the southern border.
By the way, just remember something on Fentanyl.
The fentanyl, the API, the active pharmaceutical ingredient, API. Without that, you don't have these drugs.
Fentanyl is like a generic drug, but it's the API. That's made in China.
That's what's exported. As John Mills walks you through where the factories are, the cartels, they boom, and then up into the United States.
They package it. And sometimes make the final manufacturer of it with the API from the Chinese Communist Party, from the triads.
And they've been in business with the triads since the 1930s.
First thing these guys said, because they were gangsters.
They're just nothing but gangsters.
There was a gangster organization.
They're gangsters. They made a deal with the old-school original OGs that ran the port cities, that ran Canton, ran Hong Kong, the Fujian, right across from Taiwan.
They're all pirates. That's why all the Chinatowns of the world are guys from Fujian.
Xi's from Fujian. Old-school pirates.
Understand, tough hombres.
Tough hombres. So, Doc, we're trying to get people to check boxes here and to take pressure off them in their lives.
How do they get to your organization and check out whether they want to do this or not to stock up before you have the stock up?
And how do you do it so it's legitimate and you get a doctor to prescribe this?
unidentified
Walk us through the process. Yeah, so basically taking that initial, hey, I do this on an individual level with my patients, and basically taking that service out to the masses.
How do you do that? So it's easy.
You go to jasemedical.com.
It's J-A-S-E medical.com.
And on there, you can choose whether you're interested in the antibiotic pack or whether you've got a chronic condition and you want to get a supply of those medications on hand.
There's some questions that get into some specific aspects of your health, medications you take.
That questionnaire then goes to our physicians.
It's reviewed by a board-certified physician.
In some states, they're required to call or contact you in some way.
But they'll review that health history, and then ultimately, they'll end up writing some prescriptions.
Those prescriptions go to one of our partner pharmacies.
Where that order is fulfilled and you get either Jay's case, which is five antibiotics delivered to your door, and or you get our Jay's daily service, which is your blood pressure medication, up to a year's supply of that blood pressure medication delivered to your door.
steve bannon
Okay, Doc, by the way, thank you for doing this.
We're going to have you back on, but this is the whole thing on the supply chain.
And the CCP still has us by the throat.
Don't think they don't. As you're seeing the aspect of this in the invasion of the southern border, they're at war with us.
And this is what I said in that presentation I made two weeks ago.
The third front of this war is the southern border of the United States.
But strategically, they have the high ground when it comes to manufacturing.
It comes to supply chain, and they still have it.
Dr. Sean Rollin, thank you very much.
Honored to have you on. Everybody go check out.
Everybody go to this site right now, Jace Medical.
Thanks, Steve. Thanks, brother.
Ben Burquam, I should have gotten you a Jace case.
If I had known about these guys, I should get you a Jace case.
I want you to be healthy.
Yes. I know you've got to bounce.
Give me your summary observations on the first morning of the official day, day one of the invasion.
It's been happening for years.
We got that. The fentanyl's been coming up for years.
We got that. The CCP's been working on this for years with the communists in Latin America and Central America and the Caribbean, all of it.
Their hands are in the back of this, right?
So give us your observations before you bounce, brother.
ben bergquam
Two things, very important.
Remember, before Title 42, before the CCP dropped COVID on the world to steal President Trump, to finish the coup against President Trump and steal the election, President Trump had the border secure.
So you don't need Title 42 to secure the border.
President Trump showed how to do that by remaining in Mexico policy, by putting the pressure on Mexico and China To stop what we see coming across here.
I actually interviewed a family from China yesterday, and the father said, yes, he believes China is sending spies with the legitimate people that are leaving China as well.
That's happening as we speak.
But the most important thing, Steve...
As it gets darker, and it's going to get darker, it's not going to get better overnight, it's not going to get better anytime soon, but I believe as it gets darker, our light shines brighter, your light is shining, Steve, and it's time for every single person that's in this fight, it's time for the black-robed regiments to stand back up to save this nation.
It's every single person that believes in the sovereignty of America and believes in the greatness of America and believes in God, it's time for them to stand up and get in the fight.
steve bannon
Ben Berquam, honored to have you on here.
Fantastic reporting, and we'll check back in with you later in the day in the afternoon shows.
Thank you very much, sir. Ben Berquam.
Oh, Ben, real quickly, your special tomorrow with the Iowa Rally, and the Iowa Rally is going to be very important.
Ben Berquam's got the new show.
I think you're going to kick off the five-part episode.
Walk us through what happens tomorrow.
ben bergquam
That's right. Yeah, you don't want to miss it.
3 p.m. Eastern Time, Law& Border, our Root of the Invasion.
This is the miniseries that we're launching, starting in Colombia and then going to the Venezuela border.
We're going to show you what Kamala Harris doesn't want you to know.
She knows the root causes that they've created.
We're going to go show you that starting tomorrow at 3 p.m.
Eastern, and then we go right from that into special live coverage of the Iowa Trump rally.
I'll be jumping on.
I'll be jumping from the border, and we'll have our live team in Iowa as well.
steve bannon
That's fantastic. Ben, great job.
Real America's Voice. No need to change the channel.
Thanks, Ben. By the way, Ben, real quickly, what's on social media?
How do people keep up with you?
How do people keep up with you on your journey today?
ben bergquam
Very simple. At Ben Berkwam, B-E-N-B-E-R-G-Q-U-A-M. Just posted a picture of the camp you see behind me.
We're going to be posting a ton more videos that we've gotten yesterday, today, and as we head out towards Tijuana to link up with Anthony and Blue on our way.
steve bannon
I tell you, the power team.
Anthony, Aguero, Oscar Blue Ramirez, Ben Burquam.
ben bergquam
And Auden. Incredible job you guys have done.
steve bannon
I didn't mention Auden. And Alden, Alden, man, you got four.
You throw in Binsman, you throw in Jan.
That's a collection. You guys have done an incredible job.
Incredible service to the American people.
Incredible service to the American people.
This tiny network.
It's an honor, sir. This tiny network in the war room.
The tiny network of Real America's Voice on it.
Better than BBC. Better than CNN. Watch the other coverage.
It's so sophomoric.
They think people are morons.
We pride ourselves in giving you sophisticated coverage, whatever the topic is.
We're going to have E.J. and Tony on at the bottom of the hour.
I'm going to go back to Brett. We're going to have E.J. and Tony.
E.J.'s got an incredible piece up on Fox News, on the website, which is, I think, a very good website, unlike Fox News, the television network.
It's incredible. You talk about calling somebody's bluff.
E.J. and Tony's going to give you the weapons, the tools to call the bluff.
Brett, on a Friday morning, I mean, I can't help but think back to the War of 1812.
I can't help to think back of our American heritage and every patriot's grave and every battlefield and everything we ever fought for and to see this going on today and basically just people allowing it to happen.
Is, you know, you don't really have the tech, you know, but Ted Cruz is great down there in the thing, but you don't have Abbott.
The Texans, the Texan official could stop this and say, oh, Ben, you don't have the law.
No, you could go down there and stop it and force Biden, these guys, call their bluff.
You got to call their bluff.
You could call their bluff.
People in the house got to grind the house to stop.
You got to stop this. You get 10 million people illegal, and there's 12 million people in here.
Don't you think you're going to wave a magic wand, and Trump's going to say, well, let's deport them.
That's going to be a whole... You think these fights have been bad?
You wait until that happens. Dave Bratt.
dave brat
Yeah, well, just to give people a little hope, I'm usually fairly depressing with the economics, but just to give you a little hope, there was a huge amnesty bill back in 2014, I recall, It was huge.
It was being led by the establishment.
It would have been terrible for the country.
And some no-name economics guy with no money ran and took out one of the major figures in that amnesty piece just to show you what you can do and to show you that the establishment is not as powerful as you think it is.
Some no-name one election takes down the entire amnesty.
There's a front-line piece on it to rock.
steve bannon
That's what I'm saying. Hang on.
Stop. That's what I'm saying. That no-name would be Dave Brat.
Dave Brat beat Eric Cantor the first time in the history of this country that a sitting majority leader had ever been beaten in a primary.
The next day, Zuckerberg and these guys were here.
Zuckerberg and them were all in D.C. They were going to roll out a huge amnesty.
The Republicans were going to land.
The Republican Party. It was going to lay out an amnesty plan.
And Dave Brat ran on a sensible anti-stop the invasion of our country, no amnesty program, and with no money.
Literally beat Eric Cantor on the most shocking primary defeat, 10x what AOC did when she beat Crowley, the Democrat.
This was one, and it shocked Washington, and everything stopped.
The Republican establishment stopped.
And that was Laura Ingraham and Breitbart, when I rang Breitbart.
Laura Ingraham's radio show, as you remember, Dave Brat.
And Dave Brat, the guy had the courage and also didn't know what he was getting into.
Didn't know what he was getting into.
unidentified
The firestorm totally upended his life.
steve bannon
He had a nice, beautiful life down and had the family happy on the full tenure at Randolph-Macon, teaching economics.
Next thing you know, he's thrown into the...
He became the...
No! Because you had the courage, you know, months before, the guy said, oh yeah, we finally got a take on Kanter.
And I go, who? That was a professor at Randolph-Macon.
I go, stop wasting my time.
Stop wasting my time.
I'm a busy man. I'm looking for somebody to beat Kanter to send a message.
You're not going to do it with some tennis pro, some guy who looks like he's out of Hollywood, some pretty boy, some pretty boy from Randolph-Macon.
Not going to happen. Dave Bratt had the right stuff.
Dave Brat had the courage and the brains with no money.
And literally on a radio show, Julia Hahn was the young producer.
She was the Natalie Winters of her day.
She had come out of Harvard-Westlake.
She had come out of the University of Chicago.
She was like 19 or 20 years old.
She was the producer.
She ran Laura Ingraham's radio show, Breitbart.
I had all the guys at Breitbart.
And Dave Brat won.
And by the way, blew him out. Wasn't close.
A blowout victory. Because of the courage, integrity of Dave Brat, who stepped into the breach when his country was on the line.
Short commercial break.
Back with Brat and E.J. and Tony.
unidentified
Here's your host, Stephen K. Bannon.
steve bannon
By the way, this is important for the discussion around today.
John Fredericks of the John Fredericks Radio blowing me up in the break to say, hey, dude, stop.
John Fredericks is the first guy to endorse.
This was huge, and it's emblematic of today because remember Michelle Bachman?
She's now dean down at Regent.
She ran for president. Remember Steve King?
Those two...
And I thought it's the name, Stephen Miller, Sergio Gore, people you hear today in the Trump movement, all those were young charges, as we say, Brett, on that bill.
In the summer of that year, we beat the whole thing, right then in 2014.
Monumental, had all night sessions, huge fight.
Because of, and Brett wasn't even in Congress, the election went until November.
Brett, it was heroic what you did, and that stopped it last time.
We need people to stand up and be counted.
We need people in the house, the bigses, the MTGs, to just grind this thing down and say, full stop, full stop.
We're not doing this anymore.
We're not going to play by your game.
We're not going to let you game the system and mock us to our face.
We're going to shut down the whole thing.
The government needs to be shut down right now.
Until we secure the border.
Until this invasion stops. And stop playing the games and the PSYOP of that Mallorca.
And Mallorca's not the one to be impeached on this.
It should be Garland and Biden.
This is it. The Highest Law of DOJ signed off on all this.
The breaking of the law.
The high crimes and misdemeanors in Biden.
dave brat
Dave Bratton. Yeah, and I did not come out of thin air, just to be accurate.
The grassroots and the Tea Party since 2010 laid a foundation of patriotism and goodwill.
And if folks want to go review that historic day on the 2014, Frontline had a one-hour morning service for the far leftists.
And so I don't usually...
I congratulate you on a schadenfreude, but in this case, I do.
It's a great review of the left, and it very clearly shows that the establishment can be a paper tiger.
It's not nearly as powerful as you think.
A bunch of well-placed newspaper articles that you all write, op-eds in your papers, you can scare the living daylights out of the existing politicians if you've got a thousand names on a list, and you all need to do that.
steve bannon
But this is being forced multiplying.
This is what we've got to fight now. I want to go.
I got E.J. up here. Because Trump the other night, and they're on a meltdown.
I think I got it up on Getter.
The whole Senate, the establishment in the Senate is what I call the cartel, or Russ Votes deemed the cartel, is now all against, oh, Trump said this terrible thing.
You're going to call their bluff? E.J. and Tony, the numbers guy, E.J., come on here and walk us through your incredible piece on Fox News.
You're calling the bluff.
of Janet Yellen and Joe Biden, right?
There's no possibility, according to you, of ever having to default on government security, sir?
ej antoni
Steve, that's right. The only possibility of default is if the Treasury artificially engineers one.
And the reason for that is because, and this is all going by the Treasury's own numbers, by the way, the Treasury has more than enough revenue coming in to pay for all of the servicing of the debt.
In other words, the bills, bonds, And notes that we have outstanding.
We have enough money coming in to pay for the interest on that debt and to roll over that debt.
And we actually even have more money on top of that.
We have enough to pay for Social Security, Medicare, VA benefits.
So this whole talk of how Social Security checks may suddenly stop is also hogwash.
In fact, there's even enough money to pay for the entire bloated defense budget and still have half a trillion dollars left over.
So by no means is the Treasury unable to pay its essential bills.
It just doesn't want to have to go through the pain of a partial government shutdown.
steve bannon
I want to make sure people, this is the Russ Votes prioritization of payments, or what we call a waterfall in a bankruptcy.
The cash comes in, and the cash is going to be less because the Biden economy is now growing less.
However, and EJ, this is why I want to get this article up to everybody.
Read it today. This is a homework assignment.
This is going to arm you When people start saying, and here wetting themselves, and what they do is pearl clutch and wet themselves all day long on MSNBC and CNN with false information.
EJ lays it out.
The cash comes in, you pay all the interest on all government securities.
You pay the face amount of anything that has to roll over that needs to be paid off, it pays off.
Then you pay Social Security and Medicare 100%, no issue.
Then you even pay the defense budget.
The bloated defense budget should be cut.
Then you get down, you still have, he says, a half a trillion of $500 billion of cash to pay others.
They've changed the nomenclature from saying to pay the government securities to pay your bills because they want the whole 6.8 trillion pay.
But hey, that's the point. That's either got to be stretched out or we have to have a discussion.
Some of that has just got to go, baby.
That's the issue. This is calling their bluff.
The head of the credit firm, EJ has given you the ammunition now.
And look, we got to dig in.
The meetings they're having are not serious meetings.
When Axios reports and Puck reports and Semaphore, all these guys that have these new services, Jake Sherman, all these guys up at these special detailed services on the Hill, when they're reporting the meetings between the Office of Legislative Affairs at the White House and McCarthy's chief of staff, That's not a meeting. That's not guys in a room with sleeves rolled up go. No. No, no, no, no We got to cut this we got to cut this They're talking about some permitting.
They're talking about some energy stuff. Yeah, it's all important.
But it's still to get their 2022 budget as the baseline here and add and have, you know, a percentage growth.
That's not going to hack it.
And E.J. and Tony gives Donald Trump the ammunition to say, no, let's call their bluff.
Let's call their bluff. Let's pokers, high stakes poker.
Let's call their bluff. We got the face cards, baby.
Right? E.J., what's your recommendation to McCarthy in the House right now?
What would be, given your analysis, what would you say to do, sir?
ej antoni
Hold the line, stick to your guns, and make sure that the American people know the truth.
Make sure that they know the actual numbers, the real figures, and do not let the left redefine words.
This administration has shown that behavior over and over again, whether it was redefining what a woman is or redefining what a recession is.
It doesn't matter whether it's economic or a social issue.
At the end of the day, it's so Orwellian, but it's right in front of us, and we have to combat it with everything we have, because if you allow someone to control the language, they're going to take control of everything else.
steve bannon
Yes. This is why I keep saying this is a PSYOP, and you hear Janet yelling.
Now, change the definition of nomenclature.
That's why nomenclature is so important in the war room.
You know, process, critical paths, status, and dynamics, and negotiations, because they're saying, pay your bills.
Well, hey, lady. The whole point is you can't pay your bills.
You can't default on the debt, and we have plenty of cash.
In E.J. Antony's piece, I want everybody to read and be a force multiplier.
Get it out there. E.J., how do people, you were built for this moment.
Guys like you and Russ Vogt were built for this moment because we need smart, tough numbers, guys.
How do people get to you and your work?
ej antoni
Best place to find me is on Twitter, at Real E.J. Antony.
steve bannon
E.J., thank you very much.
Honored to have you on here. Great piece.
ej antoni
Thank you for having me.
steve bannon
Brad, I've got to go back.
We're going to spend more time on this at another time.
This thing about the financial economy versus the real economy, your whole thing of productivity, is super signal and super inside baseball.
In the audience, I've got to make sure over time the audience understands this, or everybody in the audience understands this.
I want you to go back to that chart, too.
That talks about Trump. You know, they trash talk Trump.
They trash talk Trump.
All you hear is they're looking.
They're mounting down. Oh, this insurrection, everything like that.
Give me that chart you got up there that shows Trump in Trump economics, full energy, full spectrum energy dominance.
Okay? Bring back manufacturing jobs.
Use tariffs and protectionism.
Protect American industry and American workers.
Deregulation. Start to take apart the administrative state.
Put anti-deconstruct administrative state justices like Gorsuch and judges in the federal courts.
And all of a sudden you're going to have a robust tax cuts.
I didn't love all the tax cuts, but hey.
There were enough in their good that I could support it.
I would tax the wealthy a lot more.
I'm all for that. Particularly progressive Democrats would be repatriating their cash right now.
That's a topic. I digress.
But, Brett, to the core of it, he took a trillion dollars off the balance sheet of the Federal Reserve.
That's the juice in the system.
That's liquidity. That takes heroism because they knew they had to let the air out of the asset bubble, what Brett's talking about.
That's the heroism of Donald Trump, and he never talks about it.
Quite frankly, I've got to say, well, you've got to talk about this.
Because now, after he left, look at what Biden's at.
Nine and a half trillion dollars on that.
Forget the face of that. Nine and a half trillion dollars.
They got a trillion dollar loss over there.
A trillion dollar loss on the Federal Reserve, which is now, according to all the articles, is talking about insolvent.
The Federal Reserve's actually technically bankrupt or upside down.
dave brat
Brother Brat. Yeah, well, just great job by E.J. and Tony.
And there's a new spirit over there at Heritage Foundation under the leadership of Kevin Roberts.
I just want to give them a shout out.
People need to follow them as well.
It's like Tucker's last speech at Heritage.
There's telling the truth. And then there's telling the full truth, and then there's providing the context, like this show does in the War Room.
And now you're seeing with the comments of EJ what the full truth and the context looks like because it gives you hints as to what your policy should look like going forward.
And so going back to the fourth chart I had for Denver, if they can pull it up, it's just kind of interesting.
Something happened between 16 and 20.
I don't know if you recall what you were doing back then, but I think you were realigning the economy.
Navarro was realigning the structure of the economy.
And as a result of that, the confidence in the Federal Reserve actually went up from 16 to 20, and kind of only in those years.
And so this is a little hint that what you just said is accurate, right?
The Trump administration was trying to finally bring down the size of that Federal Reserve balance sheet, doing the right things, eating the spinach, doing discipline, following the law.
That's hard stuff to do.
But it works.
And you see the American people see it and felt it right there in that chart from 16 to 20 and then boom down.
steve bannon
Brat, amazing. I want to get to what you said today, the charts again, and I've got to get to that zero hedge piece.
We're going to do this. We're going to talk about the flatlining of the economy.
Remember, one of the predicates of modern monetary theory, which kind of got us into this jam, is you have to have increases of productivity.
That's the buried lead that only Dave Brat kind of focuses on.
We'll get to all that. We want to make sure this audience understands, and they're going to try to throw it at you all in the next couple of weeks, and particularly they're going to try to throw at you that you're the worst humans on Earth.
Ultra MAGA, MAGA extremists because you're taking money away from veterans, you're taking money away from that.
It's all lies.
It's all lies, and we can back it up with the receipts, okay?
So you're armed and weaponized.
Dave Brat, how do people get to you, brother?
dave brat
Yeah, Brat Economics on Getter.
Love all the folks coming to visit at Liberty.
But spread the word, you young people, you know how to do that thumbs up thing on Getter.
And so do some thumbs up to show people that you showed up there and spread it to other young people.
And just great show.
unidentified
Thanks for having me on, Steve. Thanks, Dave.
steve bannon
I want to track down Lindell.
Here's the other thing I need to do on the cyber side.
Make sure right now we need to check boxes.
You need to get stuff off your plate.
This whole thing that's got me very worried about right now with 80 or 90 percent of your net worth tied up in your house, that somebody's going to get in because of the antiquated systems we have throughout all these counties, that these cyber criminals can get in and take your title unbeknownst to you.
And if they can't sell your house, which is a little harder, but they definitely can go to a bank and take out a second mortgage.
Think about it if you woke up Monday morning and you got in the mail, hey, you're months late on your second.
You go, what are you talking about?
I'm very prudent right now.
I'm husbining my resources.
I'm buying gold.
I'm doing all that. I haven't taken out a second mortgage.
And you find out that somebody got your title, your deed, changed the name, took out a $200,000 second, sucked basically technically the equity out of your house.
They have the cash.
You have at high interest rates, you have the payments.
And trust me, it's a process.
You just don't walk in the bank and say, oh, fine, not a problem.
It doesn't work like that. You've got to get a lawyer's process.
Avoid that. Go to HomeTitleLock.com right now and just check it out.
You put in Bannon, you get a 30-day free trial, but make sure you go check it out today.
Take that off your plate because the cyber warfare is kicking in all over.
Short break. Back in the warm in just a second.
unidentified
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steve bannon
Okay, we're going to have Charlie Kirkson to follow us at noon.
We're going to be back five to seven.
We're going to be doing tons of coverage.
I think we may actually do some very special things in the five o'clock show if we can pull it off with the great team of Real America's Voice.
We'll see if we can do that. We got a lot to go through, a lot of technical detail for you guys to understand.
Because remember, they're up there on MSNBC. The President of the United States is calling out you, the ultra MAGA Republicans.
The ultra MAGA Republicans.
And that would be you.
That would be this audience. And remember, you've got a handful of votes in the House.
But I tell you, you've got 40 or 50 votes that will hold the line on this debt when they come back with the happy talk.
Oh, no, no, no, we can't do it.
What McCarthy put up is the bare minimum.
And even that's not totally acceptable.
But hey, I admire the fact he got 218 votes, but that's the bare minimum.
Don't come back with any, oh, we're going to do some permitting.
We're going to do this. No, that's crap.
This is another crisis, and they're just gaming the system.
And we need patriots and heroes to stand up right now.
Mike Lindell, thank you for coming on, sir.
I got to ask you just a point-blank question.
Did Donald J. Trump win the presidential election on 3 November of 2020, sir?
Yes or no? Absolutely, yes.
mike lindell
83 million to 64 million for Biden.
They stole tens of millions of dollars.
steve bannon
Is Joe Biden, therefore, is he legitimate and elected by the American people with the consent of the government, or is he illegitimate as he sits at 1600 Pennsylvania Avenue?
Is he an illegitimate president, and is his presidency illegitimate?
mike lindell
Absolutely it's illegitimate.
I've never called him my president.
He's sitting there until this one plays itself out.
steve bannon
All of the problems we're talking about go back to the original sin of this.
The original sin of this was allowing the 2020 election to be stolen and then having the apparatus who is against everything you stand for, from the schools to what's happening to the children, to the invasion on the southern border, to what's happening in the Third World War and the Eurasian landmass in Ukraine.
To the spending, all of it, it all goes back to the original sin of 3 November 2020.
And we're dug in hard on this.
mike lindell
Go ahead, Mike.
Just think if they wouldn't be so, what do you call it, absolutely crazy in the things they're doing, it's opening people's eyes.
I think it's a blessing that what's in power right now is so evil and so...
I believe 70-75 % of this country wants common sense back, which would be getting Donald Trump back in power and have a common sense president that can fix all this.
But the blessing is, everybody, God's given us grace here where we have all the tools, and we're seeing it pop up over here and over here again.
Why would anybody want to destroy our country?
And that's what they're trying to do, destroy our country.
Why would anybody open up the borders and bring in fentanyl, take away people's hope, and combine that with addiction, and kill our people in the United States?
This is what's going on.
And if it doesn't help either party or air people, who's it helping?
They have a hidden evil agenda, and that's what's been happening.
But the blessing is, is we're, evil's popping up everywhere and evil is greedy.
So they're so greedy that we're going, well, there's more people that come on board.
Once you come over to this common sense bucket, you never leave.
And it's a matter of just getting our voice bigger and bigger and bigger.
And we're doing that. And over the past two and a half years, look what we've learned.
We're all the corrupt uniparty, the rhinos are, the uniparty, the CCP, the deep state, the globalists.
Now you combine that with whatever this Evil regime is that's in power, and you've got this cabal that's so It's just revealing evil.
It's actually a good thing every day that people are getting going, wow, think if this would have never happened to everybody.
We would be boiled like frogs and be over.
Now everybody's, their eyes are being opened.
Everybody's eyes are being opened.
And we're gonna get to a great place down here.
We're gonna look back and say this was all in God's timing, not our timing.
And everything had to happen just the way it did for a reason.
To get more and more people up.
steve bannon
You look at the great patriots In New Hampshire, in the Granite State, to live free or die, those questions, those eight questions were to the heart of where the country's going and information voters need.
You look at Caitlin Collins and CNN, their questions are all in the tizzy, and hey, he's an insurrectionist, he's a domestic terrorist, all of it.
That's the divide. And at the heart of it, it's a spiritual war.
Remember, we're fighting the divine right of money.
It's not about kings anymore.
This is the divine right of money.
They live by the divine right of money.
And we're saying, no, this is a spiritual war for the spirit and soul of this nation, not like Biden says it, the real spiritual warfare.
Mike, you've been at the tip of that, and you've sacrificed so much.
Give me a minute or two on the company.
And what people can look forward to when they go to MyPillow?
mike lindell
We're going to offer to the warm room again.
We're closing out this towel run that we've had.
So you can get the six-piece towel set for $25.
They're originally on sale for $49.98.
$25, and we're clearing them out to make room in our manufacturing for our MyPillow 2.0.
My employees are so happy to get back to what they absolutely love.
But there's the best towels in history.
We're offering here on the War Room $25 to clear them out, make room for people, for jobs to get in there, clear out, get the sewing machines in there, and get these people working and producing the MyPillow 2.0.
But towels that work, what a concept.
steve bannon
They actually absorb. Real quickly, Mike, when is the conference in Springfield, Missouri?
unidentified
Give me the dates and how do people go?
mike lindell
August 16th and 17th, everybody, at the Election Crime Bureau Summit.
And by the way, Steve, next week, you might want to have a couple of these guys on your show.
All my cyber team and my lawyers are all getting together next week, and we're going to be putting out evidence that shows that we've been working on for months now.
So you might want to have a couple of these guys on your show next week, but we're working hard with the Election Crime Bureau.
steve bannon
We'll have a special. MyPillow.com, promo code WARUM. Go there right now for all the specials, the MyPillow 2.0, the Topper 2.0, the special on the towels, all of it.
Mike, thank you very much.
Charlie Kirk is next.
And speaking of that, the 15th and 16th of July in West Palm Beach at the big conference for Turning Point.
We'll be there. The WARUM will be there.
The WARUM will be in Springfield in August.
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