Aug. 5, 2023 - Bannon's War Room
48:28
Participants
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| Speaker | Time | Text |
|---|---|---|
| This is the primal scream of a dying regime. | ||
| Pray for our enemies. | ||
|
unidentified
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Because we're going medieval on these people. | |
| I got a free shot on all these networks lying about the people. | ||
| The people have had a belly full of it. | ||
| I know you don't like hearing that. | ||
| I know you've tried to do everything in the world to stop that, but you're not going to stop it. | ||
| It's going to happen. | ||
| And where do people like that go to share the big lie? | ||
|
unidentified
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MAGA Media. | |
| I wish in my soul, I wish that any of these people had a conscience. | ||
|
unidentified
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Ask yourself, what is my task and what is my purpose? | |
| If that answer is to save my country, this country will be saved. | ||
|
unidentified
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War Room, here's your host, Stephen K. Bannon. | |
| Okay, Saturday, 5 August, Year of the Lord 2023. | ||
| The library, over 300 libraries they see at the library. | ||
| Brave Books and Kirk Cameron are doing that. | ||
| We're going to try to get somebody on the phone if we can in this hour because they're going throughout the country. | ||
| Kirk's going, I think, three today. | ||
| Just fantastic. | ||
| Also, John Yup, huge prayer rally tomorrow in Ohio outside of Cleveland. | ||
| Bishop Strickland is going to be there. | ||
| Lieutenant General Flynn is going to be there. | ||
| Jim Caviezel is going to be there about this. | ||
| A referendum on a referendum. | ||
| It's going to take special election on Tuesday in Ohio. | ||
| I need everybody to turn out, so we'll get to all that. | ||
| A lot of economics capital markets coming up, but first I want to get Dr. Naomi Wolf. | ||
| Dr. Wolf, this piece you've sent me, it kind of makes my head blow up. | ||
| Money may not be the source of all evil, but sometimes it comes close. | ||
| Walk us through what you're finding out about the flow of money and using that to kind of put forward agendas that are hurting people, ma'am. | ||
| Yeah, it's really, it answers a lot of questions. | ||
| What we found recently, you know, throughout this drama of the last year and a half in which our liberties and in some cases, our lives were taken away by a medical establishment that was corrupted. | ||
| We have all been asking ourselves, how did they do this? | ||
| How is it possible? | ||
| You know, how did they get so many doctors and hospitals to not, you know, to abandon their Hippocratic oath and their mission of healing people and do things that harmed people. | ||
| Well, now we have the evidence that's come in to show exactly how it happened. | ||
| So first of all, there's a stick. | ||
| John Leake, who's the colleague of Dr. Peter McCullough on their Substack Courageous Discourse, reported yesterday that Dr. Pierre Corey and Dr. Paul Merrick, who are two of the truth-telling dissident doctors who've been trying to keep people alive to treat both COVID and vaccine injuries from COVID, they've been sent disciplinary letters. | ||
| from the licensing board, the medical licensing board. | ||
| So they've been put on notice that their licenses can be taken away if they continue to tell the truth and try to save people. | ||
| And then on the other side, we're finding the carrots. | ||
| And this is just mind blowing. | ||
| And the targeting is of babies and moms, babies and moms. | ||
| So what we learned via another truth-telling doctor, maternal fetal medicine specialist, Dr. James Thorpe, who many of your viewers are aware. | ||
| He and his wife, Maggie Thorpe, who's a lawyer, they FOIA'd communications between HHS and non-government organizations that represent obstetricians and gynecologists. | ||
| And what they found in 1400 pages of documents that were released, heavily redacted, 50% redacted. | ||
| But even with the redactions, what they found was that HHS was paying millions and millions of dollars to NGOs that oversaw obstetricians and gynecologists in order for, and this was a contract that was signed by these organizations, in order to ensure that OBGYNs would stick to the HHS script about the safety and efficacy of the mRNA injection for pregnant women. | ||
| And they did that. | ||
| And not only that, they took the money, they spent the money. | ||
| The contract apparently makes these doctors and these NGOs give the money back if the doctors start to tell the truth to pregnant women about the dangers And the actual risks, which we've abundantly documented from the War Room Daily Cloud medical research volunteers, the serious risks to babies in utero, to moms who want to get pregnant, to delivering moms, to newborn babies from the mRNA injections, they have to give the money back. | ||
| So that explains how you got all of these obstetricians and gynecologists in lockstep to lie to women and to badger women Because there was millions of dollars at stake, and they were personally on the hook if they said, you know what, let me tell you about a measured risk-benefit analysis, even if they just gave them informed consent, that now we know there are risks. | ||
| So that's number one. | ||
| Number two, when I was looking this up and doing more research, I actually found a portal by the American College of College of Obstetrics and Gynecology, which is the biggest third party kind of lobbying group professional organization that oversees American obstetricians and gynecologists and starting as early as 2020 if you were no BGYN all you had to do was fill out a form on the portal and you | ||
| would get money delivered to you directly from HHS and And they were talking $16 billion. | ||
| But what you had to do was attest that your patients had COVID as a primary diagnosis. | ||
| But if your patient was pregnant, it could be a secondary diagnosis. | ||
| And this was 2020, right? | ||
| So meaning you have a pregnant patient. | ||
| She is vomiting a lot from morning sickness. | ||
| That's her primary diagnosis. | ||
| So she has preeclampsia. | ||
| Something totally unrelated to COVID. | ||
| You wouldn't get the money unless you secondarily said, oh, she also has COVID. | ||
| Then you got the money. | ||
| Which leads us again to questioning the whole data-based reality of this whole quote-unquote pandemic, which is all of these physicians, obstetricians, gynecologists were financially incentivized starting in 2020 to spin up, to document, even if it didn't really exist, a ton of COVID cases. | ||
| And then in 2021, they were financially incentivized. | ||
| And to this day, they're not only incentivized, but financially punished. | ||
| Incentivized for telling lies to pregnant women about how safe and effective the mRNA vaccine is for them, and punished financially for telling pregnant women the truth to this very day, and babies are dying as a result. | ||
| And we know it. | ||
| Dr. Thorpe reiterated in my interview with him what independent midwives that I've also interviewed have found, what he said before, fetal malformations, chromosomal malformations, babies born prematurely, babies born unable to breathe. | ||
| We've documented that. | ||
| horrible, he's never seen anything like it, horrible outcomes for mothers and babies. | ||
| And as I've mentioned before, maternal deaths, deaths in childbirth up 40% after this MRNA injection, which really compromises the placenta. So these are absolute criminals who have taken over the treatment, the care of the most vulnerable population, which is pregnant women. And when you're pregnant, you trust your obstetrician, you trust your OBGYN, you do what they tell you, you are scared not to do what they tell you to do. And they've | ||
| been thoroughly incentivized to lie and lie and lie to pregnant women in a way that we know from the Pfizer documents, murders babies in the womb. Here's what, um, That's a pretty harsh term. | ||
| We'll come back to that in a second. | ||
| We know that they're captured by Big Pharma. | ||
| Are you also saying that taxpayer money, this audience's money, through HHS is also going through as a financial incentive? | ||
| How do they get paid by HHS? | ||
| I mean, what's the mechanism that the doctors actually, when you say that they're underwriting them or they're paying them, how do they actually get paid by HHS? | ||
| We understand that Big Pharma's got them because you keep prescribing this and you'll continue to get paid. | ||
| And you help drive revenues in these high-margin drugs to people, and you'll get paid. | ||
| How does HHS do this? | ||
| Yeah. | ||
| It's crazy. | ||
| This website that I found on ACOG.org, I'm kind of showing it here. | ||
| I don't know if you can see it, but it literally, I'm looking at a bullet point that says, um, you report right on the portal. | ||
| Uh, recipients are required to report for each payment received period in which they received one or more payments exceeding in the aggregate $10,000. | ||
| And you know, there's, there's millions actually ACOG did a press release saying they were Distributing $16 billion step-by-step guide how OBGYN practices can access HHS federal relief funds. | ||
| So it looks like they just put their bank details there and they get a payment directly from HHS as long as they stick to the script. | ||
| And you can look at it yourselves. | ||
| You have to upload your taxpayer ID number, your company EIN. | ||
| They're definitely harvesting a lot of information about clinical practices, about private businesses that used to be private, that are medical practices. | ||
| But once you do that, you get here. | ||
| HHS has allocated $25.5 billion combined funds to the Provider Relief Fund, split into a $15 billion general distribution fund, and another $8 billion from the American Rescue specifically for providers and providers will apply for both programs in a single application and then there you go, you get your check or you get your payment directly into your bank account. | ||
| Let me ask you, I understand you've been pressing and you've got lawyers working and trying to put together either class action or civil suits but is Dr. Thorpe, when you use the term murder, that's when you get into kind of criminal Elements. | ||
| Like, what receipts do you have to back that up? | ||
| Is Dr. Thorpe and these other people on board with you? | ||
| And if that's the case, have you guys talked to prosecutors or why is there not some young, dynamic prosecutor out there picking this up? | ||
|
unidentified
|
Yeah. | |
| Well, that's a good question. | ||
| We've, I don't, I haven't asked Dr. Thorpe if he agrees with my certainty that this is a mass murder of babies and fetuses, unborn babies. | ||
| We need a better word than fetus. I mean, these are definitely unborn babies. They're second and third trimester deaths. | ||
| And yes, we've brought the receipts. Anyone can look at our reports on the upper right-hand corner of dailycloud.io or read them in the Pfizer documents book. Basically, there are two sections of the Pfizer documents that show that they're murdering babies and they know it. | ||
| One of them and Dr. Thorpe also independently reached this conclusion, looking at the cumulative report of the Pfizer documents. And Dr. Pierre Kory also confirmed our numbers. Over 80 percent. | ||
| Have you guys approached any prosecutors about this? | ||
| Nope. | ||
| I hadn't thought that that was possible, but that's a very good idea. | ||
| We should do it. | ||
| My point is, if that is the evidence you think you have, isn't it an obligation? | ||
| I know you're working on all the civil stuff, and you've got tons of people, and you guys are doing this systematically, but then when you cross over to something that's this volatile, and particularly if you guys think you have the receipts, There's got to be a lot of hard-charging, he doesn't even have to be at the federal level, I'm sure there's a lot of hard-charging young prosecutors out there throughout the country, either attorney generals or state level, that would find the evidence and be pretty shocked by it. | ||
| Would it not? | ||
| I hope so, and I hope they're listening right now. | ||
| I want to mention another even more shocking piece of evidence in the Pfizer documents, which is they have a report, which I shared here some couple of months ago, that showed that they knew that two babies died in utero, and Pfizer's words were that they died due to, quote, transplacental exposure, end quote, to the vaccine. | ||
| And then they sent that report, as you may recall, on April 10th, 2021 to the CDC, And Rochelle Walensky, three days later, gave a press conference from the White House stating that pregnant women should take the mRNA vaccine, that it was safe and effective at any time. | ||
| There was no bad time to take it before your pregnancy, during your pregnancy, after your pregnancy. | ||
| And she knew that babies, these two babies died, according to Pfizer, due to transplacental exposure to the vaccine. | ||
| And also other babies had convulsions and one baby died due to nursing. | ||
| poisoned breast milk due to exposure in breast milk to mRNA and to lipid nanoparticles and polyethylene glycol. So they knew, yeah, okay, everyone listening who's an attorney general, I need your help. I don't really know how to do that but I'll find out I guess. | ||
|
unidentified
|
We just send letters. | |
| We'll talk afterwards about how to present those facts. | ||
| Naomi, how do people get to you? | ||
| How do they get to Daily Cloud? | ||
| How do they pitch in here? | ||
| Yeah, please go to dailycloud.io. | ||
| We really want you to continue to order the Pfizer book. | ||
| It helps us fund this life-saving project of finding what's in the Pfizer documents, and now the Moderna documents. | ||
| Started in on the Moderna documents and found equally shocking revelations. | ||
| Otherwise, I'm on Substack. | ||
|
unidentified
|
Outspoken is the name of my podcast. | |
| Perfect. | ||
| We'll talk afterwards. | ||
| I'll have you back on next week. | ||
| We want to get deep into the Moderna of it all. | ||
| Short break. | ||
| Navarra Brat next. | ||
|
unidentified
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We rejoice when there's no more, let's take down the CC! | |
| Your host, Stephen K. Bamm. | ||
| If you noticed recently, I would have everybody check your credit cards. | ||
| Your APR, I think, is exploding. | ||
| It's going to make it much, much more difficult for working class people and for the middle class to basically struggle through this Biden regime, supported by Kevin McCarthy, this debacle we have in finances. | ||
| Remember the The rest of the world that has the resources are not going to tolerate the elites in our countries' irresponsibility. | ||
| That's why they've got this conference in Durban. | ||
| Two things are happening. | ||
| You've got the Jackson Hole Central Bankers Conference, which we're re-covering, I think, the 24th through the 26th, in Durban, South Africa, the 22nd through the 24th. | ||
| Will be this alternative they're coming trying to come up with an alternative to the US dollar to make sure that we're not the prime reserve currency. | ||
| And the reason they're saying is because we're so in we're so responsible and we're killing their purchasing power because I think purchasing power on the dollars down 17 or 19 percent since Biden took over it new report out that the first nine months of the fiscal year because remember the fiscal year starts one October. | ||
| It's not calendar year. | ||
| So the first nine months of the fiscal year the deficits are wait for it. | ||
| 1.5 trillion dollars. | ||
| I think we heard that on War Room, right? | ||
| So we were pretty spot on with that. | ||
| 1.5 trillion dollars, and it's going to be over 2 trillion dollars when we're finished. | ||
| And of course right now they're reporting we are borrowing 5 billion dollars per day in perpetuity. | ||
| You're seeing the end of the American Republic because of this irresponsibility. | ||
| Dr. Peter Navarro, one of the rating agencies had something to say about that, did they not, sir? | ||
| They did, indeed. | ||
| We got fitched. | ||
| Fitched is now a verb here. | ||
| For the first time in 20 years, we had a downgrade of U.S. | ||
| government bonds from AAA to AA+. | ||
| And here's the underlying issue, Steve. | ||
| You talk at length about all the debt that were accumulated, the trillions and trillions of dollars of irresponsible spending. | ||
| That Biden, the Democrats and Kevin McCarthy helped push forward, right? | ||
| Here's the problem. | ||
| As the debt goes up, two things happen. | ||
| One is we have to pay more for interest to service that debt, the new debt. | ||
| But at the same time, as interest rates have risen and the bonds that have been used to fund The existing debt rollover, we have to refinance those bonds at higher interest rates. | ||
| So the average cost of our debt is going to double in the next 10 years. | ||
| And what that does, Steve, is it squeezes everything, education, defense, social security, Medicare, whatever. | ||
| And so usually the conundrum is, well, do we cut these expenditures? | ||
| Or do we raise taxes? | ||
| But what the Fitch downgrade kind of chillingly explains is there's a third way to deal with the debt, which is basically to inflate the debt by printing money, right? | ||
| So, Fitch, this is the key point here. | ||
| Fitch is not worried about the U.S. | ||
| Treasury defaulting like Argentina, okay? | ||
| That'll never happen. | ||
| But what the U.S. | ||
| will do, Steve, is just get the printing presses and pay off the debt with more and more cheaper money. | ||
| And so who bears the burden of that? | ||
| The deplorables. | ||
| It's the credit card debt you were talking about. | ||
| It's the real wages. | ||
| We get screwed. | ||
| There's two sets of deplorables. | ||
| There's the United States citizen MAGA movement deplorables and working class people. | ||
| There's another set. | ||
| That's the emerging nations of the world that have the resources. | ||
| This is my point why we're covering Durban so closely. | ||
| The Durban guys are saying, hey, U.S. | ||
| citizens, since the MAGA movement hasn't been able to stop the madness, because the elites are totally irresponsible. | ||
| We know that. | ||
| Trump knows that. | ||
| The third world knows that. | ||
| They're irresponsible because they're doing this to consolidate their own wealth and power. | ||
| Since we haven't been able to stop it, and we've taken a couple of shots, right? | ||
| We got another shot coming September 30th. | ||
| That's what Durbin's about. | ||
| They're saying, hey, You guys have crushed our purchasing power by 17% or 20% on those dollars because you keep printing, and we've just seen the program here. | ||
| You're going to have to borrow $5 billion a day, and you can't sell the bonds. | ||
| You get not enough Chinese CCP money and not enough insurance companies in Tokyo. | ||
| You're going to have to continue to print money. | ||
| So guess what? | ||
| We're not playing that game. | ||
| And that's what Durbin's all about. | ||
| They may not have an alternative day one, brother, but they're at least throwing down and saying, we're going to figure out some sort of basket, right, that's somehow backed by gold. | ||
| Not convertible, but somehow backed by gold. | ||
| And we're going to offer an alternative. | ||
| Now, it's not going to be a perfect alternative, but they're in the same boat we're in. | ||
| But they're putting up a tougher fight because they don't have a Kevin McCarthy that's going to sell them out. | ||
| Dr. Navarro. | ||
| Well, there's a couple of things to say here. | ||
| First of all, if you've got the Chinese Yuan kind of at the center of that new currency, and it's the digital Yuan, that's the biggest spy factory that's ever been in the world. | ||
| Because what a digital Yuan can do is track every transaction anybody makes in that, Down to their wallet. | ||
| And more importantly, they can take the money out of that wallet if those people say so. | ||
| So that's another whole thing. | ||
| When you said they won't buy the bonds, what will happen is they'll buy the bonds eventually because the Treasury will have to raise the interest rate it offers. | ||
| So that's inflationary in and of itself. | ||
| Bottom line is that the world, according to Russ Vogt, and the war room and Steve Bannon is a world in which we have fiscal responsibility and investments we make in government are ones that are going to provide a return to the people. | ||
| We are so far from that world. We are in binomics, stagflation world. | ||
| And the Fitch thing is important. | ||
| See, market down in history, because the stock market, I think, you know, it took a reality check on it. | ||
| If it does have what I believe will eventually be a strong bearish move down, that could have been the fulcrum which basically turned on it. | ||
| I want to go to, also Fitcher's reported the Biden regime, which was caught by surprise, spun it. | ||
| This is all MAGA's fault. | ||
| This is because what Fitcher said, they have an issue of governance and this was all about the desolate fight. | ||
| Correct me if I'm wrong, brother Navarro. | ||
| Yeah. | ||
| If they had agreed to our plan, there wouldn't have been a problem. | ||
| The problem is we have not been able to choke down the Republicans. | ||
| I just want to, is that a fake narrative that it's not the fight? | ||
| Go ahead. | ||
| What Fitch is worried about is not an outright default by US treasuries. | ||
| It's worried that treasuries will use stuff like quantitative easing to print money and devalue the bonds. | ||
| So if you're sitting there with like a 10-year government bond that you get at a certain coupon rate, interest rate, whatever, And then the Fed starts monetizing that debt. | ||
| By the time you cash out that principal, it's going to be Weimar Republic value. | ||
| Or if you try to sell it, the bond price will have fallen into the toilet. | ||
| You know, it's like, this is the conundrum we're in. | ||
| And Biden, they're like ripped because they wanted Fitch to wait until September so that they could blame it on the Republicans. | ||
| It was like, Fitch is like, we're a global credit agency. | ||
|
unidentified
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No, no, no. | |
| We're calling. | ||
| We're calling BS on you guys right now. | ||
| So I, you know, it's like, this is the kind of thing where, you know, it's like maybe people sit at home, go scratch your head's Fitch. | ||
| Who cares what this is big. | ||
| And that's all I'm crying. | ||
| By the way, if you're sitting at home, your purchasing power, your dollar is going down daily. | ||
| Also, your credit card expense, your interest amounts on everything, your mortgage, your car loan, your credit cards particularly. | ||
| 22%, that's the average APR. | ||
| Higher than that, even an Amex thing gets up to 29% sometimes. | ||
| Peter, so it's affecting everything, particularly working class and middle class folks. | ||
| It's a big deal, sir. | ||
| By the way, this is out in Substack now. | ||
| PeterNavarro.Substack.com. | ||
| PeterNavarro.Substack.com. | ||
| I'm hitting it hard. | ||
| Bannon and co-company, including myself sometimes, give you the four-hour full treatment. | ||
| What I do in PeterNavarro.Substack.com, I give you like short hits. | ||
| There are 700, 800 word op-ed style articles that I then record for the podcast and they're just little nuggets and I try to distill things down into their essence for you the posse. | ||
| So help me out here because I want to help you. | ||
| PeterNavarro.substack.com. | ||
| Get your financial market literacy. | ||
| You'll be able to protect your job and your wealth. | ||
| You need it. | ||
| Thank you very much. | ||
| I know you love this Saturday show, brother. | ||
| My Saturday show? | ||
| Thank you, brother. | ||
| Birchgold.com slash Bannon. | ||
| You get it free. | ||
| A pre-see on what's happening in Durban and plus all three, all three, all three of the End of the Dollar Empire. | ||
| I'm coming out with volume four, so give us a feed on number three. | ||
| Also ask The Birch guys, Phillip Patrick's team, why are the central banks buying more gold than ever? | ||
| What's going on here? | ||
| And how's it going to affect you and your retirement, your 401k, your IRA? | ||
| Check it out today! | ||
| Dave Brat is going to join us next. | ||
| He's got a couple of three things to say about all of this, including, think about it, we're borrowing $5 billion a day in perpetuity. | ||
| I ain't saying that. | ||
| That's from a government report. | ||
| They're giving you a heads up. | ||
| Maybe it's time now to think that through and how it's going to affect your personal life. | ||
|
unidentified
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I'll see you next time. | |
| But she refused to be my bride, though many a year I sought her. | ||
| Yet since the day I wrote away her letters of reminding, I'll be returning from the fray to the girl I left behind me. | ||
| Oh, the English charm made witness my land, yet they failed to find me. | ||
| For my heart falls back to her and I'll smile to the girl I left behind me. | ||
| Here's your host, Stephen K. Bound. | ||
| you Okay, I've got the two Daves here, Bratt and Dave Walsh. | ||
| I want to go through with Bratt first on the economy and some capital markets, and I've got Dave Walsh to break down Governor DeSantis' energy speech he gave the other day. | ||
| I want to compare it to the reality of what's going on in Florida. | ||
| Bratt, you know, $5 billion. | ||
| Watchdog agencies are telling us $5 billion per day borrowed in perpetuity. | ||
| Not as a temporary matter, in perpetuity. | ||
| Deficit's going to be a trillion and a half to two trillion dollars every year as far as the eye can see. | ||
| And I can tell people, write this down now, on the evening of September 30th, We're going to have a government shutdown. | ||
| I think that the hardcore MAGA heroes are going to sit there and say, this thing's out of control. | ||
| This phony deal you cooked up are all lies. | ||
| There's no real... They're talking about $100 billion of cuts. | ||
| I mean, it's ridiculous. | ||
| So there's going to be a firefight. | ||
| I think there's also going to be a firefight about defunding the persecution of Trump. | ||
| Stay tuned. | ||
| I think this thing's going to get quite hot. | ||
| When they come back from recess, because we're talking a lot of people behind the scenes, I think people have had a belly full of it. | ||
| But also on the flip side, even some Obama guys and Biden guys are coming forward and saying, hey, look, the way the math works, this gets back to your productivity, the way the math works in this country, unless you have 3% real growth, GDP, and that's based upon a Dave Walsh-type, Trump-type, full spectrum energy dominance energy policy. | ||
| That's the foundational element. | ||
| Unless you have 3% growth and true gains in productivity, the system doesn't work. | ||
| The way the federal government is structuring the spending, you're going to have $1.5 to $2 to $2.5 trillion. | ||
| Of these deficits every year, they've got to be financed by printing money. | ||
| This is going to lead to the collapse of this republic, and it's going to happen on our watch. | ||
| Don't people say it's going to be 10 years, 15, 20? | ||
| No, no, no, no. | ||
| This crisis we're going to hit, it's going to hit us in the mouth quite quickly. | ||
| Dave Brat. | ||
| Yeah, well, I'm glad you said that. | ||
| And the discerning finance people out there, there have been a few long run pieces linked to that productivity idea that it's just essential to our future, right? | ||
| These are long term issues, right? | ||
| The war room isn't about where to invest today. | ||
| It's about how do you save the country fiscally? | ||
| And so what the smart money knows is over the long run, over a 50-year period, the earnings in the stock market are tied to GDP growth, to the real economy and the stuff you make. | ||
| Now people are getting worried about the ability of markets to function with all of this government spending and with all of these monopolies and oligopolies And the corruption in Congress and the White House. | ||
| People are wondering if profits, earnings, are still an economic signal. | ||
| That's what makes the United States run. | ||
| If we don't have a working market system where earnings and profits are a signal and tied to GDP growth, and not just this financialization, we're going to be in big trouble. | ||
|
unidentified
|
Whoa, whoa, whoa, whoa, whoa, whoa, whoa, hang on. | |
| Whoa, full stop. | ||
| I want to make sure people, this is not a 50-year problem, not a 20-year problem. | ||
| Here's why. | ||
| The only reason the con works is because every transaction in the globe has to be converted into dollars. | ||
| The only great, the great export we have, the great export we have is the Federal Reserve note. | ||
| And although the deplorables have tried to get the magnificent six and the twenty and to stop the madness of McCarthy and clearly Biden, right? | ||
| And we got a little bit, but we didn't get it all. | ||
| And they put together a two year, 15 trillion dollar spending bill with four or five, six trillion dollars of deficits. | ||
| The third world sitting there and by the way, led by our enemies. | ||
| I'm not saying these guys are good guys. | ||
| They're not, but they're rational and they're sitting there going, no, if the American elite is going to do it to their own people, They're not going to do it to us anymore. | ||
| We got the resources. | ||
| And that's why Durbin's so important. | ||
| It's not a solution that's going to take place immediately, but trust me, they're sitting there going, you're not going to do it to us. | ||
| And if we don't, the con only works. | ||
| If everybody's got to take the Federal Reserve's printing press and eat it, and the world's saying, hey, the deplorables may have to eat it, but we've got resources, we've got oil, we've got gas, we've got rubber, we've got tin, we've got all the rare earths, and so we're going to come up with a system that we don't have to eat it, and that doesn't make it a long-term problem as soon as we don't become the prime reserve currency. | ||
| You're like Argentina, because all of a sudden they don't have to take your bonds. | ||
| They don't have to do it. | ||
| Dave Brat. | ||
| Yeah, well, so Peter and you covered the debt, etc. | ||
| I've got a few charts I'll just go through real quickly. | ||
| It's just good for the War Room audience to see these charts. | ||
| If Denver wants to throw them up, right, there's the first one. | ||
| This is just showing, you know, government spending is over there, way up high in the brown line on the far right. | ||
| You know, we were up to eight or nine trillion in government spending. | ||
| Now we're at 6.4 trillion. | ||
| And then down below the receipts, the green line is, you know, the total amount of money you're taxed to pay for that brown spending line. | ||
| And that's down at 4.7 trillion. | ||
| And you'll notice that the far, far right, that green line is just crossing the yellow line, the gold line there. | ||
| That shows that our total government receipts. | ||
| Whoa, whoa, whoa. | ||
| Just like I used to do presentations, I always stop the presenter right away. | ||
| The only reason it's a tree, the only reason I say, I know the audience loves this, but this is just the way it rolls, baby. | ||
| The only reason it's a tree, and that was the pandemic, the drop in aggregate demand. | ||
| You can actually say, okay, maybe the government had to do it. | ||
| The problem is, and this gets back to the budget fight. | ||
| This is why you got to get back to a 2019 number, not a 2022 number, which Andy Biggs keeps talking about. | ||
| Now you've ratcheted it up and you're at six trillion to seven trillion dollars a year In annual spending. | ||
| The math doesn't... Put the chart back up. | ||
| I don't need to see my lovely visage. | ||
| Put that chart back up so the audience can see it. | ||
| This is where you got to go to get the email. | ||
| You got to get the newsletter every day because it's got the charts in it. | ||
| The chart doesn't work. | ||
| It's not sustainable. | ||
| That gap has got to be finance. | ||
| It's got to only waste finance is the Federal Reserve's got to continue to print money. | ||
|
unidentified
|
Yeah, that's right. | |
| And the current spending is higher than the 6-4, right, for the next four years. | ||
| And as you said, ongoing, we have $5 billion a day deficit spending. | ||
| And the new budget that McCarthy just allowed and the Republicans allowed is $7 trillion a year. | ||
| In government spending. | ||
| And so the next chart, Denver, just shows the same thing. | ||
| That just shows at the far right, the deficit right now is $1.6 trillion. | ||
| That'll be $2 trillion a year for the next 10 years. | ||
| So $32 trillion in debt right now plus $2 trillion a year for 10 years is an additional $20 trillion in debt. | ||
| That gets you to the $52 trillion in debt in 10 years. | ||
| That is not sustainable at 5% interest rates at which the Fed funds is right now. | ||
| That's $2.5 trillion in interest payments. | ||
| If you're under 40 years old, keep that chart up. | ||
| You are in perpetuity. | ||
| They're going to finance. | ||
| They're going to have $5 billion in deficits. | ||
| They've got to finance every day. | ||
| That chart right there, Look at that chart and repeat after me. | ||
| I am a Russian serf. | ||
| You are going to be serfs. | ||
| You're not going to have any capital ability to accumulate any capital. | ||
| That's the destruction of this republic right here, and it's being done consciously by the American Uniparty elite and the oligarchs on Wall Street. | ||
| They don't care because they're not going to get Crushed. | ||
| You're getting crushed. | ||
| Don't think you're crushed. | ||
| Walk to your thing right now and pull out your credit card. | ||
| Check your credit card information. | ||
| Look at your mortgage how it's exploding. | ||
| Look at your car payment. | ||
| Okay? | ||
| Look at the purchasing power. | ||
| Go to a fast food place right now and order the same meal and fast food you ordered a year ago and tell me what they're two years ago and tell me what the price is. | ||
| You're getting crushed. | ||
| You're bearing the burden of this. | ||
| Why the city, why the imperial capital of Washington, D.C. | ||
| dines over. | ||
| Hang on for a second, Brett, because I want to. | ||
| A solution might be to get a young, fire-breathing, populist Republican in there, a guy like Ron DeSantis, as he tells me. | ||
| Dave Brett, this infantile, although directionally he's populist, it was infantile the way he just strung stuff together, his economics. | ||
| The thing I got the biggest Greip about is this phony energy policy he set up, given what the reality in Florida is. | ||
| Walk me through DeSantis' his little speech about energy independence. | ||
| By the way, Governor, the 1990s are calling. | ||
| They want their phrase back. | ||
| We're not about energy independence. | ||
| Repeat after me. | ||
| Take your number two pencil. | ||
| Get all those all those meme warriors you got out there, all the all the social media influence you got, all that brain trust. | ||
| Get your number two pencil out and write this down. | ||
| Full-spectrum energy dominance, okay? | ||
| That's what Trump is. | ||
| Full-spectrum energy dominance, not energy independence. | ||
| Brett, tell me the callous phoniness of what he laid out versus what his administration is doing in Florida. | ||
| Dave Walsh, I'm sorry. | ||
| Yeah, Dave Walsh. | ||
| I got worked up. | ||
| My other Dave. | ||
| Dave, Dave, Dave Walsh. I got worked up. My other Dave. | ||
| Dave Walsh. | ||
| narrative. | ||
| We will become energy independent using our domestic resources. | ||
| And another comment, why would you normally want to make this country more dependent on what's going on in China? | ||
| Well, here in Florida, under his public service commission, appointed by him, and folks should know, actual energy policy in this country is implemented electricity-wise at the state level, still, independent of the DOE and the EPA, what they come out with. | ||
| The states drive energy implementation. | ||
| $8.6 billion in the last three years spent on solar farms, $5.5 billion to $6 billion of that goes directly to China, Jinko Solar, and for battery storage to China, $5.5 to $6 billion of that. | ||
| The next 10 years, tonight, 2030, another 300 square miles of solar planned by the state PSC and Nextera at $20 billion, $28 billion more. | ||
| By 2045, FDL has announced, NextEra, a grand total of 1,200 square miles of solar in Florida, comprising 90,000 megawatts at a cost of $115 billion, plus battery storage at another $154 billion, hydrogen conversions at $60 billion, will cause rates to go probably three to four times higher than now. | ||
| And oh, by the way, to fund the beginning of this that's happened already, this conversion Of a natural gas dependent electricity system. | ||
| 75% he inherited. | ||
| Dependency on gas. | ||
| U.S. | ||
| natural gas in Florida for power. | ||
| He's shrinking. | ||
| Consciously trading for Chinese lithium and Chinese thin-film PV as fast as possible. | ||
| Because by then we'll have rates at 5 to 6 times now. | ||
| Once FPL begins to spend annual capex of $16.8 billion a year versus the $1.5 billion, $1.6 billion a year they now spend on generation. | ||
| Because they produce a 10.8% guaranteed return on that capital spend. | ||
| They're weighing in on this, and they're a massive donor to him. | ||
| So he's been completely reactive to China. | ||
| He's not against China. | ||
| His actual implemented energy policies in Florida are all pro-China. | ||
|
unidentified
|
Lithium and thin-film PV. | |
| Hold on, hang on. | ||
| You're telling me that the cost to the consumer in Florida is going to go up three to four times on his energy plan? | ||
| Has already in the last two years, Florida regulated utility ratepayers have seen 29% hikes in electricity bills. | ||
| And guess what? | ||
| In the background, we're 74% dependent on natural gas here for power, electricity. | ||
| Natural gas is at all-time lows. | ||
| It's at the lowest price it's been only 3% of the last 25 years, as natural gas has been as cheap as it is now. | ||
| Therefore, electricity here should be relatively cheap, given our present dependence on natural gas. | ||
| But no, rates have spiked up by NextEra, Duke Energy and TECO by 29% in the last two years to begin funding this massively costly solarization of the state. | ||
| And then we'll take it to intermittency and non-reliable power, equivalent to Texas, by 2030. | ||
| By then, we'll have 30% of our power system in variable resources, non-dispatchable, part-time. | ||
| Right now, we're about 92% full-time baseload resources. | ||
| By then, we'll be 30% less. | ||
| By 2045, we'll be down to 35% reliable, continuous baseload resources. | ||
| A huge high-quality problem. | ||
| Walsh, hang on for one second. | ||
| Dave Brat, Dave Walsh, short commercial break. | ||
| Back in a moment. | ||
| because we're taking down the ccp spread the word all through hong kong 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 on the central thing about power and energy in in florida the electrification he studiously avoided that in this kind | ||
| kind of happy talk, energy independent speech, Dave Walsh. | ||
| you Well, I mean, it's well known across Ayrton, Texas, California, Miso, now PJM, Maryland, Pennsylvania, New Jersey, etc. | ||
| We have in this country a massive electricity shortage in place now because of all the part-time intermittent renewables that run five hours a day of solar. | ||
| aid of wind, nothing the rest of the time. | ||
| He avoided that. | ||
| He talked only about gas and oil production, and that's good, but avoided the fact, and right to the point, what he's done with this state is begin to transition completely away from the actual use or consumption of natural gas for power generation, which is an American resource, and displace it with all solar panels and lithium ion batteries from China to supposedly back them up at a huge, huge cost. | ||
| So he danced around that by not mentioning the electrification issue, because Florida's becoming a poster child for more of the same non-reliable grid based on variable part-time resources that work just a fraction of the day that he's sponsoring huge investment in by his favorite donor, Nexterra. | ||
| His phony donor. | ||
| This is crony capitalism at its worst. | ||
| Just last thing. | ||
| You're saying electric bills in Florida are going to go up three to four times, correct? | ||
| Oh, at the end of this announced next era program of 90,000 megawatts of solar installed because it is so much more expensive. | ||
| The CapEx is four and a half times more costly to install these solar farms at 74 and a half megawatts each. | ||
| Each one is 630 acres, each one of them. | ||
| The cost of that is so high. | ||
| Because the net power production is so low, the cost of rates will be, same as Western Europe, where countries have done this, same as New Zealand and Australia, California, will be probably four to five, six times higher by the time this is all done. | ||
| It's the math. | ||
| It's the math of it. | ||
| What this stuff costs. | ||
| It's very expensive. | ||
| It is not free. | ||
| It's way, way not free. | ||
| Dave Walsh, how do people get to you? | ||
| Get to me at truesocialandgetter at DaveWalshEnergy. | ||
| Thank you, Steve. | ||
| Appreciate it. | ||
| Thank you, brother. | ||
| By the way, Mike, make sure we need you manning the ramparts, this audience. | ||
| One thing we can't have is to have you guys be financially crippled. | ||
| Don't let cybercrime, CCP, KGB, any of these state actors, other criminals, take your title and take out a second mortgage from a hard money lender. | ||
| Go to HomeTitleLock.com today. | ||
| Do your homework over the weekend. | ||
| Just go check it out. | ||
| Check the box, get that off your plate. | ||
| Go to HomeTitleLock.com and make sure that cyber criminals cannot possibly get access to your title in your home and take out a hard money loan that you have to pay the principal and at the higher interest rates, pay it all back. | ||
| Go check it out today. | ||
| Dave, Brett, pull the camera back and give me the big picture here, brother. | ||
| Yeah, the big picture is everybody's reading the papers and the social media and they know we're in a political war. | ||
| But the politics has been grossly defined at this narrow food fight level up in the swamp. | ||
| The greatest theorists in the Judeo-Christian and in all of Western philosophy have framed politics very differently. | ||
| Politics Since Aristotle is how you live together in harmony, in community, peacefully, trying to achieve the common good. | ||
| Today, we take all that for granted. | ||
| We're living on borrowed time, as your show makes clear every day. | ||
| We cover the economics, right? | ||
| We just assume you're going to get productivity and economic growth and all the nice things because we're Americans and we're great. | ||
| We have been great. | ||
| But everybody watching this show knows that the institutions are under attack. | ||
| And so I think it's especially important just to take a few minutes, and I posted this at Brad Economics with more of the details. | ||
| I'm just going to cover the heavy theme I want to put forward here, and that's the Judeo-Christian tradition is the only tradition which is going to give you the foundations for human dignity and human rights. | ||
| Human rights originated in Western Europe, in Christian lands, And they're philosophically supported by the Judeo-Christian tradition and no other religious regime and no other philosophical system. | ||
| For example, brothers, I got brothers Plato and Aristotle sitting right there. | ||
| They did not ground human rights for every man. | ||
| It took up to our founders. | ||
| Plato and Aristotle are hugely important, right? | ||
| Plato merged into St. | ||
| Augustine. | ||
| And Aristotle merged into the Catholic Church with St. | ||
| Thomas Aquinas. | ||
| So, huge influence on the West. | ||
| I'm not downplaying that. | ||
| And I'm not downplaying other world religion systems. | ||
| But they neither come up or ground human dignity. | ||
| When you get to the Enlightenment philosophers, you're starting to warm up with modernity, which roughly begins at Descartes. | ||
| And Brother Pascal, a fine Christian thinker, took him on quite a bit. | ||
| But the Enlightenment also did not produce any moral theory that supports human rights. | ||
| Immanuel Kant tried to give a formulation using reason. | ||
| Why should we be valued? | ||
| Why should human beings be valued? | ||
| His answer was kind of circular. | ||
| He said, because we do the valuing. | ||
|
unidentified
|
Right? | |
| So there's kind of a reason, but it rings hollow. | ||
| And you don't have any followers of Plato or Aristotle or Kant or Hegel, another great theorist, And the Enlightenment roughly ended with Hegel, and he was challenged by another great Christian theologian, Soren Kierkegaard. | ||
| And so the Enlightenment comes to a close, if you've just seen Oppenheimer and all that, wow! | ||
| You know, the human intellect at work in the sciences, it's just awe-inspiring. | ||
| But they gave no great contribution to us on why is a human being to be valued in the first place? | ||
| If you ask this question to the left, they will be horrified. | ||
| And you will probably pay a price for asking it. | ||
| They ask the left, how do you know that a human being is worthy of dignity? | ||
| And they'll just say, well, because we're human. | ||
| Of course, that's not an answer, right? | ||
| So the answer in the Judeo-Christian tradition is because we were created in the image of God. | ||
| And we're a little lower than the angels, and on and on and on, and our founders knew that enough. | ||
| They carried Bibles with them everywhere they went, and they said these claims are self-evident. | ||
| Yes, you got it. | ||
| Dave, where do people get this? | ||
| Brad Economics, where do they go? | ||
| Yeah, just go to bradeconomics.com, posted a couple days ago. | ||
| Scroll down a little, you'll see a little bit more detail for this white tradition, only in the Judeo-Christian tradition. | ||
| Dave Brat, thanks for taking your Saturday and joining us. | ||
| Thanks, Steve. | ||
| OK. | ||
| Thank you, brother. | ||
| We're going to be back 10 a.m. | ||
| live on Monday morning. | ||
| We'll see you then. | ||
| Back in the warm. | ||
| I'll be up on Getter all weekend. |
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