Aug. 25, 2023 - Bannon's War Room
48:27
Participants
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| Speaker | Time | Text |
|---|---|---|
| This is the primal scream of a dying regime. | ||
| Pray for our enemies. | ||
|
unidentified
|
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
|
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? | |
| 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. | |
| Just what a vile, racist, anti-democracy buffoon he was. | ||
| This is the buffooning of the American presidency. | ||
| This should not be happening. | ||
| So as a teenager living in New York, I've said it before, this is the reason I never watched The Apprentice. | ||
| I despise Donald Trump. | ||
| Because he, to me, signified the rich white guy in Manhattan that absolutely hated and despised me. | ||
| That hated and despised my cousins, my friends, everyone we knew. | ||
| That called us wilding just because we were in the park. | ||
| That said we can't be free to walk around in the street. | ||
| That said when Patrick Dorismond got killed by an off-duty police officer, he's no choir boy. | ||
| And he was literal. | ||
| I mean, was no altar boy. | ||
| He was literally an altar boy. | ||
| Giuliani said that. | ||
| And so people like Giuliani and people like Trump persecuted black and brown people in New York. | ||
| It's what they did for fun. | ||
| It's what they did for pleasure. | ||
| They enjoyed it. | ||
| They enjoyed lording over people who had nothing, who had no million dollar lawyers, Who couldn't change lawyers at the drop of a hat and get a different hip-hop lawyer the next day when they were tired of one? | ||
| Who couldn't go out and make their case on, you know, Fox or on Newsmax? | ||
| Who had nothing and who Donald Trump lorded his everything over and still people who looked like them put him in rap songs. | ||
| It was an indignity to me that something I loved, a culture I loved, would lionize that. | ||
| And so, to me, this is justice. | ||
| The fact that Manhattan didn't give him a mugshot, I thought was offensive. | ||
| I thought that the Fed said, well, he already looks like he was the President of the United States. | ||
| Okay, offensive. | ||
| Everyone else had to take him. | ||
| This case, and I think Fannie Willis is a hero. | ||
| She is a national hero because she, more than any prosecutor in this country, and I respect Jack Smith and I respect all the prosecutors that are doing this, she's the only one Who said these wealthy, powerful, privileged men and women are just American citizens. | ||
| And when they break the law, they will take that picture. | ||
|
unidentified
|
Y'all see it, man. | |
| Which one of you here knows? | ||
| I'm talking about that guy, everybody. | ||
| Look at that, it's fucked up. | ||
| Vox Populi, Vox Dei. | ||
| See you next time. | ||
| The voice of the people is the voice of God. | ||
| Carrie Lake, what is this fight about, ma'am? | ||
| Pull the camera back. | ||
| You've been at this, you walked away from a very safe and secure job, career in media. | ||
| You were part of the system. | ||
| In fact, I would argue you were one of the many spokesmen for the system. | ||
| And now you're a fighter and one of the leaders of a populist nationalist movement in the greatest country in mankind's history. | ||
| And you have been vilified and attacked nonstop for that. | ||
| And now the leader of that movement, they want to put in prison for 700 years. | ||
| Your thoughts? | ||
| I think they want to put all of us in prison. | ||
| They want to get rid of us. | ||
| Anybody who is fighting for our country right now because we're at the end of a Marxist revolution and we don't have a lot of time left on the clocks. | ||
| I feel for Joy Reid. | ||
| I can't imagine being that delusional and living with just the victim mentality. | ||
| Is that how she wakes up and thinks every day? | ||
| It's really sad and it's sad that she is pushing on people and in her position in the media. | ||
| And yes, I did walk away from the media. | ||
| I never felt that I was unfair. | ||
| I was trained to be a journalist where you give both sides of the story, you keep your opinion out of it. | ||
| Sometimes there's three sides, you give all three sides. | ||
| And once I realized that, especially during COVID, that was impossible, that there was an agenda that was definitely being pushed by the corrupt media And I could no longer put out just honest information to the viewers. | ||
| I said, I don't want to do this anymore. | ||
| And now it's really apparent that there are no good guys in the corporate media. | ||
| As a matter of fact, I think they've been in on this narrative and agenda for a long, long time. | ||
| And that's why they're doubling and tripling down, trying to bring Trump down in a desperate attempt right now, because they know they've been caught. | ||
| And there's going to be some people inside the media, some very high powerful people inside the media who I think are going to be implicated. | ||
| But Steve, you talked about our history just a little bit ago before the break. | ||
| We are living under the very tyranny that our founding fathers broke us away from. | ||
| Can you even imagine if George Washington or Thomas Jefferson or any of our founding fathers were to see what's happening today in America? | ||
| That the government that they created has now been weaponized, and the leading opposition candidate, the candidate of the people, is now a political prisoner. | ||
| It's just the projecting of everything that these radical leftists, communists, and D.C. | ||
| swamp creatures have done. | ||
| They're projecting it onto Trump, and they're trying to bring him down. | ||
| So that when he returns to the White House, he's enabled to bring them down. | ||
| But their day is coming. | ||
| The justice is coming. | ||
| I want to go to Katie Hobbs for a second. | ||
| Is it not true that everything you warned, just take a couple of things of Hobbs, from the radical what she's trying to do with the schools, with the southern border, and now you've got CNBC's number two story today, the Financial Times number two story, right in back of this all-important announcement of Powell out in Jackson Hole, was about Moderna and Pfizer are going to have vaccines ready Wait for it, by September 15th. | ||
| I'm not kidding you. | ||
| We plotted this. | ||
| The mask mandates are coming back to protocols. | ||
| They're relentless. | ||
| That was your moment when you broke and you see it coming again and they're relentless and they don't care anymore. | ||
| They're just rolling. | ||
| But tell me about Katie Hobbs. | ||
| Is not everything you said about tyranny exemplified by the reign of terror of Katie Hobbs? | ||
| It is a reign of terror. | ||
| That's a great way to put it. | ||
| And everyone in this state knows she didn't win. | ||
| They know that election day was sabotaged and the will of the people was thwarted. | ||
| The voice of the people was trampled upon. | ||
| And this is what happens when our government, when there's an overthrow, really an overthrow of our Arizona state government. | ||
| We have wide open borders, not that Ducey did anything. | ||
| He didn't do anything to protect our border. | ||
| But the tiny little bit he attempted to do at the very end, she pulled away to make the border even more open. | ||
| We've got people flowing in nonstop. | ||
| Arizona is now the area that most of the fentanyl is coming into our country. | ||
| It's a pipeline for fentanyl. | ||
| for human smuggling, child trafficking, because now that Texas is finally doing a little bit more to protect their border, everything's shifting over to Arizona. | ||
| And so our streets aren't safe. | ||
| We are watching as they're gonna start rolling out COVID restrictions. | ||
| And I will tell you what, I've got the mama bears with me on this fight. | ||
| And I am telling you, these mothers and fathers will not mask their children again. | ||
| They would just as soon pull them all out of school than send our little ones to school with a mask on their beautiful face. | ||
| We're not going to be forced to take shots against our will. | ||
| People will walk away from jobs. | ||
| They will. | ||
| I know many did last time. | ||
| But a lot more will this time because the people will not be held hostage and prisoners in this medical industrial complex. | ||
| I don't even want to call it medical because there's nothing medical about it. | ||
| It's biomedical weapons that are being inflicted on us. | ||
| And we've had it, Steve. | ||
| If you see the tyranny you're seeing at the state level, what you're seeing the federal government doing, knowing that another COVID situation is coming and they're going to press this as hard as they possibly can, you go back to the Keebler elves and that stage, you were there, right? | ||
| You were there. | ||
| Is there anybody or even the way they discuss things? | ||
| This whole thing Murdoch-driven, and now we know the ratings. | ||
| I want to congratulate the War on Posse. | ||
| The ratings were less than 50% of what they were for the first debate in the 2015 cycle, which is the last real Republican cycle we had. | ||
| Less than that. | ||
| 25 million then they had. | ||
| Boris saying 11. | ||
| I'm hearing 12. | ||
| Your thoughts on Iowa and the Keebler elves, ma'am? | ||
| Well, I mean, I was actually surprised. | ||
| I mean, we know that DeSantis had to come out. | ||
| He needed to have A great performance to even try to get a bump because what, he's restarted his campaign now five times? | ||
| I think it's five. | ||
| He's on the fifth restart. | ||
| And he showed up with a bunch of canned lines that he obviously had drilled into his head from his consultants. | ||
| And you could tell he had memorized them. | ||
| He even memorized how to deliver them with the punch at the end. | ||
| And he looked so awkward. | ||
| But he was so outmanned on that stage. | ||
| He didn't know how to get back into the debate. | ||
| He did his little memorized lines, and then the debate started moving a little more dynamic around him, and he stood there like a dope, frozen. | ||
| He honestly did not know how to interject and get back in the debate. | ||
| They manhandled him on that stage. | ||
| I mean, even Nikki Haley was able to manhandle him. | ||
| He just stood there almost frozen, like he was trying to pull something from memory that his consultant had drilled into his head. | ||
| And he was completely outmanned on that stage. | ||
| I thought Vivek did a decent job of kind of exposing these people for the political hacks that they really are. | ||
| And the warmongers that they are, but let's face it, not a single one of them even comes close to president Donald J. Trump. | ||
| We know he's done the job. | ||
| We know he can do the job and we know the deep state is so petrified of him. | ||
| They're trying to lock him up and throw away the key. | ||
| That's the kind of person we need back in DC to drain the swamp, hose it down, bleach it down and start over. | ||
| Kerry, how do people follow you? | ||
| How do they get to your social media? | ||
| How do they find out all your... because you become one of President Trump's most important and well-traveled surrogates, so I want to make sure everybody knows where you're going, they can get onto your site and figure out if they can come and meet you and be at one of the either talks you're doing or conferences you're doing or get-togethers you're doing. | ||
| You can go to my site, CarrieLake.com. | ||
| I'm going to be in Payson, Arizona tomorrow. | ||
| Looking forward to being back up with the folks in Gila County. | ||
| Some of the most patriotic people in all of the country. | ||
| I'm going to be doing that event tomorrow. | ||
| I think it's already sold out. | ||
| And I have a lot of other events on there. | ||
| We try to keep them updated. | ||
| You can find me at Getter. | ||
| You have it up there. | ||
| I'm on Twitter. | ||
| I'm on Truth. | ||
| Hey, what do you think about Trump back on Twitter? | ||
| He's back on Twitter. | ||
| I guess it's X now. | ||
| No, no, no, no. | ||
| It's Twitter. | ||
|
unidentified
|
It's Twitter. | |
| We're not going to go into the Aleister Crowley X. I'll get into the occult nature of Elon Musk at some time when I have time. | ||
| No, Trump melted the Internet. | ||
| I think they have 250 million views. | ||
| They have 12 million or 11 million watching the Keebler elves. | ||
| Trump's got a quarter of a billion. | ||
| He and Tucker are having an incredible conversation. | ||
| Then you've got, I think, already the mugshot, which I actually think is a work of art. | ||
| Right? | ||
| And if you think of, in the moment, just to be able to do that, it shows you the concentrated energy and focus of this individual. | ||
| I think that's over 150 million right now, Carrie, so it's amazing. | ||
| But look, we want to make sure that we get everybody's ears. | ||
| That's the look that says retribution is coming. | ||
| Just wait. | ||
| Come, come retribution. | ||
| Carrie Lake, thank you very much. | ||
| Honored to have you on here, ma'am. | ||
| Thank you. | ||
| Dave Brat, what are your thoughts on the mugshot? | ||
| That's about what I'd feel like and look like, too. | ||
| It's hard enough being in Congress without a megaphone at all. | ||
| You just get blistered by the mainstream press. | ||
| Everyone thinks if you're a congressman you can certainly get the word out. | ||
| You cannot. | ||
| I think the American people are on to all this. | ||
| The polling is staggering on the election fraud numbers, the two-tier system of justice. | ||
| It's 85% Republicans, 65% Independents, black, brown, blue-collar workers joining the populist side, and about 40% of Democrats think there are major problems with institutions in this country right now. | ||
| Politically, they're making a huge mistake, just from a crass political move on their part. | ||
| This was a sitting president of the United States. | ||
| If you pull the average person on the street and say, can you explain to me what was the major crime here? | ||
| I don't think anybody knows. | ||
| Whereas if you go over to the other side right now and you say Burisma or China or Ukraine, people go, oh yeah! | ||
| So there's a real problem. | ||
| Hang on one second. | ||
| Short break. | ||
| Navarro's gonna come in with his thoughts on Jackson Hole next. | ||
|
unidentified
|
What does the payroll of America look like right now? | |
| It's solid, but it's fragmented. | ||
| And we've seen notable declines in wage growth. | ||
| After last year, wage growth moving sideways, we're actually seeing some traction downward. | ||
| So that's good news to amplify the Fed's already good news going into this Jackson Hole meeting. | ||
| And by the way, wow, what a view. | ||
| Do you like that? | ||
| Matt Tennessee, though, he moved the mountains six feet this way just to get the shot right this time. | ||
| I want to talk to you seriously about the dynamics of wages and inflation, the real yield. | ||
| There's an optimist view that, yeah, the real yield's there, but wages will stay strong. | ||
| Do you agree with that, or do wages come in even while the real yield goes up? | ||
| That's not good for America. | ||
| You know, that's the open question. | ||
| There's a sense that where we've seen the highest wage growth has been for low-skill workers with low pay. | ||
| Now, let's be clear. | ||
| Even though we've seen double-digit wage growth for almost an entire year... | ||
| Although we've seen double-digit wage growth, you're losing traction all the time. | ||
| They go into a more detailed description. | ||
| Peter, I was thinking about you when I saw this. | ||
| They're maniacally focused on breaking the back of working-class people in the middle class on their wages. | ||
| Their wages are rising too much. | ||
| Sitting in Jackson Hole, by the way, as Brad pointed out, you either have billionaires, and for all the guys out there trying to be Yellowstone, please stop with it. | ||
| It's so embarrassing, okay? | ||
| Just be yourself. | ||
| You got, you know, all these billionaires out there, all trying to play cowboy, and they got the poor workers out there, can't afford, they gotta live, you know, a hundred miles away from Jackson Hole now. | ||
| And yet, the economist, she's incredibly smart. | ||
| She's the chief economist for ADP. | ||
| So she knows the whole thing of the payrolls. | ||
| They can look at it the entire time. | ||
| And what she had to say was very important and quite smart, but it gets to the point that their focus is to break the way you're making the working class in this country is making too much money. | ||
| We have found out what the problem is. | ||
| So we're going to import, you know, X amount of, you know, illegal alien labor. | ||
| In fact, Elon Musk, and you know I'm no fan of his, the poor guy gets sued yesterday at SpaceX because they're hiring too many, the Justice Department sued him because he's hiring too many American workers. | ||
| He's not hiring enough, they literally said, not enough of the asylum seekers and not enough refugees and illegal aliens. | ||
| That's at the rocket ship company. | ||
| Peter Navarro, your thoughts on Jackson Hole Capital Market? | ||
| How does it affect the deplorables? | ||
| Yeah, well, the SpaceX thing, I mean, I got whiplash. | ||
| I go, what? | ||
| That's our government? | ||
| It's the only reason why we got out. | ||
| I'm pissed today, Steve, by the way, because Trump did a much better mugshot than I did. | ||
| I'm just, just, the guy is always, like, one-upping me. | ||
| I'm pissed off at the Donald today. | ||
| Jackson Hole. | ||
| Peter, Peter, hang on, hang on, hang on. | ||
| He had more to work with. | ||
| No offense, he had more to work with. | ||
| Just throwing that out there. | ||
| Don't take offense. | ||
| Don't take offense. | ||
| Thank you, Steve. | ||
| He started, it's like the tour championship. | ||
| He's like Scotty Sheva. | ||
| They give him ten strokes ahead of the field. | ||
|
unidentified
|
Okay, go ahead. | |
| Allow me my petty anger, but I'm equally angry at Jay Powell. | ||
| Let me put something in perspective. | ||
| The message was simple. | ||
| It's like, inflation's here to stay. | ||
| And we're going to keep rates high. | ||
| And so, we went from a robust market open with the futures kind of green to begin with. | ||
| And of course, there was a reversal. | ||
| And to put that in perspective, in 2022, when he was in Jackson Hole, he did the same damn thing where the market fell 3% that day, and then over the next 30 days would crash 13%. | ||
| And I did some calculations, because you always like the receipts today. | ||
| I looked at, like, what was the stock market rise during the Trump four years? | ||
| And the S&P 500, which is the best measure of the market, went up 65%. | ||
| It's about somewhere in the low 2000s, up to 3700. | ||
| And what has Biden done so far? | ||
| but somewhere in the low 2000s up to 3,700. | ||
| And what has Biden done so far? | ||
| It's been like this incredible crazy ride for trend traders and short sellers because it started at 3,700, went up to 4,700, crashed back down. | ||
| And it went back up and it's come back down, but it's a 16% gain so far. | ||
| And the betting odds here is that by the time we get to election day, that gain will be zero or less. | ||
| And what's going on here, Steve, there's a battle between two bullish forces. | ||
| One is the AI secular trend revolution, which is supposed to put everybody out of work and boost productivity at the same time. | ||
| Think about that. | ||
| But the other thing, Steve, which is the really toxic thing, is this massive over fiscal stimulus thanks to Joe Biden and Kevin McCarthy and that we got to turn around. | ||
| So that's been that's been kind of keeping the Biden market afloat. | ||
| But at the same time, You've got this this perfect hurricane storm of cyclones, hurricanes, commercial real estate, the collapse coming, which will take some of the banks down. | ||
| You got sustained higher oil prices, housing and rents off the roof, just the inflationary pressures, of course, the high interest rates. | ||
| The bond market, Steve, is interesting because we've had this inverted yield curve where everybody's been betting that the short run rates are high because the Fed's raising those, but that over time everything's going to be all right. | ||
| That's reversing too. | ||
| We had the 10-year go above 4% now for the first time in, I think, since 2007 or something So, bottom line is, Jay Powell had no good news for us. | ||
| The market reacted accordingly. | ||
| And, you know, today I'm doing the Substack. | ||
| On Fridays, I do the weekly market and economy wrap. | ||
| It'll go out, peternevard.substack.com. | ||
| And it kind of lays all this out and distinguishes between technical trading and fundamental trading. | ||
| I want to go to the two events, and I want to make sure this audience needs to keep this in mind and weigh and measure these as we go forward. | ||
| Number one, coming out of the bricks where they have said, Peter, now with 50% of oil production and our good allies UAE and Saudi Arabia signing up for it, They're going to accelerate the de-dollarization. | ||
| Their number one objective is to get off petrodollars and start doing cross-trades. | ||
| With India, they had already done a 1 million barrel deal with UAE. | ||
| Two of the closest guys were closest to, remember, always remember this, this is not the CCP in Iran. | ||
| This is India and the United Arab Emirates and Mohammed bin Zayed at the top of it. | ||
| A million barrels, all in rupees. | ||
| They're prepared now. | ||
| They're trying to inch towards getting off the dollar, and the Saudis are going to be the big player here. | ||
| And also putting together this basket of currencies with some sort of gold backing. | ||
| In addition, and this should shock everybody, yesterday at the end of it, Modi and Xi, big hug, we're going to work out our issues on this border war we've got up in northern India. | ||
| Your assessment of BRICS, because BRICS is now going to counter the G7. | ||
| They're going to be right in the G7's face. | ||
| Your thoughts? | ||
| Well, look, I'll just give you some of my White House experience. | ||
| It's like, the President Trump never would have let this happen. | ||
| The problem we have, you know, I remember I was heavily involved with foreign arm transfers to our allies, right? | ||
| Selling weapons to our allies to defend themselves was a way of preventing boots on the ground for American soldiers over there, plus it created jobs here, right? | ||
| And one of the bigger deals I had to get help push through was the Saudi deal. | ||
| It was huge. | ||
| It had a lot of jobs and things like that. | ||
| And the first thing Biden did, of course, when he came in, is put the kibosh on that. | ||
| And so, I mean, look, you said this many times, you can't blame Modi, you can't blame the crown princess Saudi Arabia for doing what they're doing because they look at the United States as an uncertain trumpet. | ||
| You know, Trump comes along, he's all in with them and all's good, but then Biden comes in and screws up foreign policy and they're going, wait a minute, I'm getting whipped last year, you won't give us weapons, you won't do this, that and the other thing. | ||
| So that's what's going on. | ||
| And what stunned me here, I should have saw this coming, is that they added like six new nations, you know, Argentina, Egypt, and of course the Saudi and the Emirates. | ||
| You know, this is a foreign policy vacuum that we have. | ||
| I mean, I know exactly what Donald Trump would do with Narendra Modi. | ||
| I mean, it's like he would not let that guy drift that far away. | ||
| Same thing with the Saudis, but it's a very dangerous situation, geopolitically and economically, because of the dollar deal. | ||
| With India coming closer to the CCP, that's going to make the Taiwan situation 10 times more dangerous. | ||
| We'll get into that later. | ||
| Last thing, how important is it now for this audience to have the back of these patriots who are going to come back, these House of Republicans, the MAGA Republicans? | ||
| They're going to force a showdown first with McCarthy and then a showdown with Biden on the 30th of September. | ||
| How important is us to send a signal to the world that we're prepared to get the financial house of the United States in order, sir? | ||
| Well, it's critical. | ||
| And Steve, you and Bratt and Russ Vogt and the folks that get on the war room and talk about these underlying issues. | ||
| Uh, provide the posse with the information they need to go out and effectively lobby the Hill. | ||
| And this, this is a make or break thing. | ||
| You know, we lost that one opportunity when McCarthy went over to Biden's dark side and pushed that debt limit past the election. | ||
| But this is another chance. | ||
| And this has got to be done. | ||
| We've got to claw back some of, some of this reckless spending. | ||
| If we don't do it now, when do we do it? | ||
| Because, The market's going down, the economy's going down, the country's going down, and it's all a politician-made disaster on Capitol Hill and in the White House. | ||
| Yeah. | ||
| This is All Stack Flash, and Peter, how did they get to your Substack? | ||
| You do your weekly roundup on the economy and finance, and then you've got great pieces you're putting up. | ||
| Some would get eventually into the Washington Times. | ||
| Where do people go for your Substack? | ||
| Yes, sir. | ||
| PeterNavarro.com. | ||
| PeterNavarro.com. | ||
| No, excuse me. | ||
| PeterNavarro.substack.com. | ||
| PeterNavarro.substack.com. | ||
| And like I say, weekly market, I'm putting out The online course, the strategic course, is part of that information. | ||
| What I try to do, Steve, I did this when I was a professor, is I want people to boost their economic and market literacy so that they can preserve their wealth, protect their job, protect their business. | ||
| peternavaro.substack.com, head there posse and help you help me. | ||
| They have never allowed this information to go out and be pushed out to people. | ||
| They do not want you to understand finance, and they don't want you to understand capital markets. | ||
| They want you to be ignorant. | ||
| That's exactly right. | ||
| They want you to be smart. | ||
| Admiral, carry on serving. | ||
|
unidentified
|
We rejoice when there is no more. Let's take down the CCD. | |
| Host Stephen K. Bamm The reason they hate Trump and it's unforgivable is that not in the room, not in the deal. | ||
| He puts you in the room and he puts you at the head of the table. | ||
| They cannot and they will never forgive him for that. | ||
| He's a total outsider. | ||
| Remember the political class, they start when they're in, you've seen them, the folks in grade school, they join all the clubs and stuff, you've seen it. | ||
| And they go up and then they're congressmen and they're house people and that's fine. | ||
| It's good. | ||
| But the problem is they get sucked into kind of a donor class mentality. | ||
| They become instruments of the donors. | ||
| Trump in 16 was totally different because he didn't need their money. | ||
| He wasn't going to get it anyway, so glad we didn't need it. | ||
| He won with only his money and a small handful of donors. | ||
| These were people just trying to fight for the Republic. | ||
| That's why they hate him. | ||
| I want to make sure it's come to my attention that when I talked about Jackson Hole Jackson Hole Jackson Hole for those. | ||
| It's a very important event in global economics and a capital markets every year because of the beauty of Jackson Hole, Wyoming and for the beauty if you remember the movie Shane. | ||
| With Alan Ladd and Jack Palance, the great Western from the mid-1950s. | ||
| That movie was shot in Jackson Hole. | ||
| Jackson Hole has amazing, amazing views of the mountains, the Grand Tetons. | ||
| And it's becoming extraordinary now. | ||
| It's a kind of a playground for billionaires who are all trying to be Kevin Costner, right? | ||
| They're all trying to be Yellowstone. | ||
| Let me get a big old cowboy hat, you know. | ||
| Walk around and be rough and tough like Kevin Costner. | ||
| You know, Ron DeSantis did that for a while. | ||
| He's running around Iowa trying to beat Yellowstone, not understanding that, hey, Iowa ain't Wyoming. | ||
| So that's where the movie Shane was shot. | ||
| And this is kind of a playground. | ||
| And every year they take the World Central Bankers kind of congregate out there to think great thoughts and talk about what's going on. | ||
| And then the Federal Reserve chair has been giving remarks at the end of that kind of conference. | ||
| It's become very important now because of the situation with the world economy. | ||
| And that's why Dave Bratton, ourself and Peter Navarro, many others have been analyzing this. | ||
| And I just want to make sure people, the fundamental point to take away from today, from this part of the economy part of it. | ||
| These are not immutable. | ||
| What has happened to the nation and what's happened to inflation, what's happened to the mortgage prices, what's happened. | ||
| These are not immutable laws of physics. | ||
| This is not the second law of thermodynamics. | ||
| This is all through human agency in decisions. | ||
| This is why they hate Trump. | ||
| They hate Trump because Trump is the leader of something unique in American history and that is a populist movement, a nationalist movement, that actually has a level of understanding of how the system works. | ||
| You had William Jennings Bryan and you had other people before, these great populists, but not since General Jackson. | ||
| General Jackson. | ||
| Back in the pre-Civil War South, have you really had people that understood how capital and how central banks and how the moneyed interest in the oligarchs on Wall Street from the beginning of this republic Have had concentrated power. | ||
| That's one of the reasons and go to birchgold.com at the end of the dollar Empire the entire first and this is all free the entire first segment. | ||
| I put out was about the politics of money in the entire 19th century, right that the money in the central centrality of currency in the political debate of the day was central people were quite fluent intellectually working-class people about money about currency. | ||
| And particularly about fiat money and things like gold and silver. | ||
| And it was only with the start of the Federal Reserve and income tax, but the Fed, right? | ||
| The start of the Fed, because they had to get control of the situation. | ||
| William James Brown had run three times. | ||
| All of a sudden, they did this populist thing. | ||
| They had a panic. | ||
| This populist thing might get out of control. | ||
| Just like, remember, why did McCarthy agree to the deal? | ||
| He tells you why he agreed to the deal. | ||
| Why do you agree to the deal? | ||
| Because the donors told him they don't want a one-year deal to come up in May of next year, where all of a sudden we're going to start talking about $35 trillion, $36 trillion, interest rates on fire, what's happening. | ||
| Because somebody's going to have to bring up in the conversation, maybe the wealthy aren't paying enough taxes. | ||
| If these progressive billionaires, remember the number of MAGA billionaires I can count on one hand and have a couple of digits left. | ||
| And I include Trump in that calculation. | ||
| The progressive left, radical left, cultural Marxist billionaires want you to pay for them. | ||
| They want a radical change of the country. | ||
| They want a radical change of the culture of the country. | ||
| They want to woke and weaponize and CRT and transgender ideology and the LGBTQ, all of it. | ||
| And they want you to pay for it. | ||
| And they don't pay for any of it. | ||
| And they realized that would come up in the conversation. | ||
| They said, we can't have that. | ||
| The entire effort is to keep you ignorant. | ||
| of what is the intersection of money and power. | ||
| That's why Rupert Murdoch, Fox News, what Fox News is one string of shiny toys after the other to divert your attention, divert your energy. | ||
| Let's throw another shiny toy out there. | ||
| And the other night, they put, what, seven shiny toys up on the stage? | ||
| You had seven shiny toys all to look at. | ||
| It's all irrelevant. | ||
| Doesn't matter. | ||
| Dave Brat, your thoughts, assessments of where we are after Chairman Powell today, this stagflation. | ||
| We're not just going to have a lost decade here like the Japanese and the Chinese are about to go into. | ||
| We're going to have a lost generation, brother. | ||
| You know, that's right. | ||
| A lost decade at minimum. | ||
| Your commentary on there is no compromise, and people don't like that phrase right off the top. | ||
| And the political comments are all my own, but you just have to go to the left and Karl Marx. | ||
| Karl Marx, at the end of the day, says there's no God and his project results in a revolution. | ||
| So that's what the left is doing. | ||
| They're an ongoing revolution against all the institutions of this country. | ||
| Why does the War Room Posse matter so much? | ||
| Why are their actions so key? | ||
| Well, of course, they're against the leftist Marxist piece. | ||
| But the populist piece also goes against the old Republican khaki-wearing folks who are now going to say, look, we just got to have tax cuts and blah, blah, blah, and get back to 3 or 4% growth. | ||
| Oh, really? | ||
| How are you going to get back to 3% or 4% growth, right? | ||
| When the left is doing $7 trillion budgets right now, and McCarthy's acquiesced and said, okay, we'll do $2 trillion deficits for the next 10 years. | ||
| 10 years, CBO has us at $50 trillion in debt. | ||
| How in the world do you expect the private sector to have any money to invest? | ||
| We're copying China, who, by the way, is imploding. | ||
| And when you see the markets go down this week, it's a combination of the Fed comments, but also China is in the background big time. | ||
| They are having problems beyond what we've discussed in the past months or two. | ||
| And so it's just incumbent on All the folks that watch this show, the religiosity and the patriotism in this country has been falling. | ||
| But yesterday and the day before, we got some encouragement. | ||
| We got 150 to 200 million Folks watching Twitter, watching key speeches, there's some excitement going on here about a realignment across black, brown, blue-collar workers, the middle class, the poor. | ||
| The left is no longer worried about the poor. | ||
| They own all the big tech firms. | ||
| They've become the elites. | ||
| Now the question is, who cares about the American people? | ||
| Who cares about the Declaration, the Constitution, and protecting the individual from this government leviathan which has gone astray? | ||
| And it's up to us to make it happen, and it looks like us is growing by the day. | ||
| People in their guts know there is a God, there is a moral universe, that everyone is made in the image of God, and that those rights that come only from God, not from our government, need to be protected across all parties, across all people. | ||
| That's never been in question. | ||
| And the question of this democracy being attacked, the question of human rights being attacked, that all comes from the Marxist leftist side. | ||
| Nothing has changed about us boring Presbyterian economists. | ||
| We've had the same ideas for 200 years. | ||
| We're going to have them for 200 years to come. | ||
| That is a constant. | ||
| That's why the long run in history matters so much. | ||
| And when you talk about the providential hand of God staying on this country, it's up to this people in this country to turn around and grab the reins again and take over. | ||
| Don't just go out and comment on the social media, call your Congress folks, call your Senators, call the Democrats, call the Republicans, and weigh in and tell them This do-nothing Congress kind of stuff where you just message constantly is not good enough. | ||
| Even the Freedom Caucus, I want them all to step up and take names and call people out in public now. | ||
| We all know what's going on, right? | ||
| We know there's not gonna be an omnibus, they're gonna do a CR. | ||
| It happens every year. | ||
| The Freedom Caucus uniquely knows that and stands against it. | ||
| They're the heroes. | ||
| But it's time. | ||
| There's no more time to go along with another year of this, because as you said, there cannot be a draw in this contest. | ||
| One side's going to win, the side of freedom. | ||
| Yeah. | ||
| One side's going to win and one side's going to lose overall. | ||
| But Jay Powell told you today, he basically signaled that unless this audience has the back of these MAGA Republicans and ultra MAGA Republicans to stand their ground in September of this budget, because Jay Powell told you, I can't get control of inflation. | ||
| And I'm going to continue to raise rates. | ||
| The entire structure coming out of 2008, the entire financial structure we had was based on negative interest rates or zero interest rates. | ||
| When you start taking these things up as he's had to because of the spending, the dumpster fire of inflation that they caused because of the inflation, that's put the banks in crisis. | ||
| That's put your own personal, your living credit card, you know, your living paycheck to paycheck on your credit cards. | ||
| Credit is tightening. | ||
| You're having less access to it. | ||
| You're paying through the nose. | ||
| Young people can't have any capital formation. | ||
| The house is the most unaffordable it's been from 2000. | ||
| That all gets back to the root evil of this apparatus that is spending out of control and that is why this September showdown and it's time to have the showdown now. | ||
| And all the lies and misrepresentation, all the people said, no, no, no, no, no. | ||
| I'm going to vote. | ||
| We're going to approve. | ||
| We're going to approve the two year deal for Biden of 15 trillion dollars. | ||
| We're going to approve the five or four or five trillion dollars of deficit spending. | ||
| We're at the print money on because we're going to get them in the appropriations process. | ||
| That was all a lie, it was all misrepresentation, and it's all gonna come from... And so, the two forcing functions we have to do, you have to force McCarthy's hand first, and then you gotta force Biden's hand second. | ||
| And if Kevin McCarthy goes and runs against Hakeem Jeffries again, to basically be majority leader, and depend upon 40 or 50 or 60 Democrats to pass his bill, then guess what? | ||
| It's time for the motion to vacate. | ||
| All the cards are on the table, and here we go. | ||
| Dave Brat, your assessment, sir. | ||
| Yeah, I agree with that. | ||
| And that's the point I was trying to make there. | ||
| I didn't make it strong enough. | ||
| But there's 40 Freedom Caucus guys. | ||
| That's not enough. | ||
| McCarthy's going to go and run them with Democrats like last time. | ||
| So the 40, there's 230 in the Republican conference. | ||
| They need to put names on paper in all, that's where you can go out to social media and call them out ahead of time. | ||
| Put the pressure on the other members of the Republican side. | ||
| If you get up to 100, McCarthy can't go off to the Democrats and do that. | ||
| Either way, I think he's toast if he does it again because he gave his word umpteen times and it's not credible anymore. | ||
| And so the key is people here need to call to the Freedom Caucus and their members, but we need 100, not 50. | ||
| Dave Brat, how do people get to you on social media? | ||
| Thank you for taking time away to do this. | ||
| Mr. Vice Provost. | ||
| Yeah, no, great. | ||
| Brat Economics, I'm Getter, and everybody, go educate the young folks. | ||
| Come visit Liberty. | ||
| I got a CEO Summit coming up for CEOs at C-Suite, October 10 to 12, with a huge African push, trying to spread a little business to our friends in Africa. | ||
| Well, hold it, trying to keep them out of, trying to reverse the BRICS movement. | ||
| Dave Brat, single-handedly. | ||
|
unidentified
|
Thank you very much. | |
| Yes, absolutely. | ||
| They're our good friends. | ||
| Thank you, brother. | ||
| Appreciate it. | ||
| You are central to this fight. | ||
| Trump's fate is tied to the destiny of the country. | ||
| But you are also the foundational element of President Trump's fate. | ||
| Don't forget that. | ||
| That's why we're here to inform you of money and power. | ||
| Understand it's a spiritual war at the end of the day. | ||
| At the end of the day. | ||
| But during the day. | ||
| You have to understand the interconnection of money and power. | ||
| Short break. | ||
| We're going to return to the war room in just a second. | ||
|
unidentified
|
The war has begun, and you are over. | |
| Cause 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. | ||
| A choice between two worlds. | ||
| Will you take the blue pill and continue living in a world where a corrupt few control everything? | ||
| everything. | ||
| Or will you take the red pill and join us? | ||
| What the elites don't want you to know is that there are 200,000 open committee man seats in the Republican Party. | ||
| These party members are the ones who determine the future of the GOP. | ||
| Let's take our country back, one precinct at a time. | ||
| Visit precinctstrategy.com now. | ||
| Okay, welcome back. | ||
| Five to seven tonight. | ||
| We're going to be lit. | ||
| We're going to be jammed. | ||
| We're going to do some. | ||
| There's a story out. | ||
| There's 2,000 kids that didn't return to the Maui school system. | ||
| We're going to get into all this. | ||
| Other news, of course, President Trump, capital markets. | ||
| It's going to be absolutely insane. | ||
| So join us back here at five to seven. | ||
| Also, there's a new report. | ||
| I don't know if I got it up, but if not, I'll have it this afternoon in Bloomberg talking about cybercrimes increasing because of the combination of cyber and AI. | ||
| Right? | ||
| Joe Allen's AI, now with these deep fakes, etc. | ||
| It's becoming even more prevalent. | ||
| Here's the thing. | ||
| The cyber is getting more and more sophisticated every day. | ||
| You can't fall into that trap. | ||
| Go to hometitlelock.com. | ||
| Make sure there's zero probability these cyber criminals, whether they're state actors of the CCP or the KGB or Just these very sophisticated cyber criminals. | ||
| Make sure there's no exposure for yourself. | ||
| You cannot allow, particularly in this economy. | ||
| You heard Jay Powell today in Jackson Hole. | ||
| You can't allow 90% of your net worth to be somehow part of it in the hands of somebody else. | ||
| You got to go to court to fight about it. | ||
| HomeTitleLock.com. | ||
| Just go check out the information today. | ||
| Immerse yourself. | ||
| Okay. | ||
| Do I have a clip? | ||
| Mike Lindell has actually gone to the Clay Clark. | ||
| He's going to be with us later this afternoon. | ||
| Also tomorrow, we'll be doing some reporting from the Clay Clark. | ||
| with General Flynn out in Vegas. | ||
| He's there, but I got a clip from yesterday I want to replay because it's very special about these towels. | ||
| Let's go ahead and hit it. | ||
| Mike Lindell. | ||
| Well, it's a big announcement. | ||
| The MyPillow towels are back. | ||
| You all requested to bring them back. | ||
| It's been almost two months, and here they are. | ||
| We got all the new colors in. | ||
| This is the first announcement to the War Room. | ||
| Go to MyPillow.com. | ||
| Go down. | ||
| We put it first right there on the War Room specials. | ||
| You saved 50% today on the towels. | ||
| And remember, we have all the other specials still there for the War Room Posse. | ||
| And use that promo code WARROOM, mypillow.com. | ||
| Remember, these towels actually work. | ||
| They actually are soft and they absorb. | ||
| So towels that work, I say, what a concept. | ||
| And I'm very excited, Steve, because we've been waiting quite a while. | ||
| All the other products there, we have the Giza Dream Sheets, the MyPillow 2.0, we got the MySlippers that's still $25 that we're clearing them out, the rest of those, and the sandals for $19.98 or something like that. | ||
| All these specials, MyPillow blankets, the new MyPillow mattress, everybody. | ||
| You've never slept on a mattress until you've slept on MyPillow's mattress. | ||
| Best mattress, I believe, in history. | ||
| And so many things. | ||
| The MyPillow bed toppers, dog beds, dog blankets. | ||
| We've got over 200 products, Steve. | ||
| We're very excited that the towels are in and all these other new products that are coming that came in today, too. | ||
| So go check it out at MyPillow.com, under the war room square. | ||
| You'll see Steve there. | ||
| All these products, especially for the war room. | ||
| Okay, I want to thank, you know, Mike Lindell, we were supposed to do in July this entire kind of rollout of the 20th anniversary of the MyPella 2.0. | ||
| This is the kind of guy he is. | ||
| He says, look, I can't do it because I can't, I got to focus on the summit. | ||
| His maniacal focus on making sure these elections, because look, to be brutally frank, this 2024 is going to be very tough. | ||
| And the toughest part of it is going to be the steel. | ||
| We know that there's a lot of things going on behind the scenes. | ||
| And this is, you know, part of this getting our hands on and making sure that the Democrats can't continue to steal elections like they stole in Georgia and illegitimately trying to roll up President Trump and 18 other Totally innocent people, a bunch of lawyers, but also just average citizens. | ||
| In fact, Harrison Floyd, we're going to try to have a special report today. | ||
| The African-American that was part of this is refusing a bail. | ||
| He's going to actually stay in jail down there. | ||
| I think he wants to make a point. | ||
| It's a quite powerful point. | ||
| We're going to try to get to that this afternoon. | ||
| A lot going on. | ||
| Charlie Kirk follows us. | ||
| At noon, stick around, Charlie. | ||
| Populist nationalism served up hot. | ||
| Of course, the great Jack Posobiec. | ||
| We're back here at 5 o'clock. | ||
| We're going to have finance, economics, capital markets, what's going on with President Trump, all of it. | ||
| Plus, in Maui, we got to get to the bottom. | ||
| 2,000 kids. | ||
| This is the report coming from the school system there. | ||
| 2,000 kids did not show back up. | ||
| We've done a little differently. | ||
| the Maui school system, Gateway Pundits got a big story. | ||
| There's all types of stuff breaking in Georgia on this election fraud. | ||
| So be back here from five to seven at night and of course tomorrow live on our favorite, my favorite show, the Saturday Morning Show. | ||
| Okay, we've done it a little differently. | ||
| We try to do a new song every day, but I gotta tell you, I think yesterday we need the battle hymn of the republic and today we need an unclouded day because here's the reason. | ||
| If you're gonna get to the sunlit uplands, You gotta fight through and you gotta push through. | ||
| And remember, there's no cloudy days here in the War Room. | ||
| It's all fight. | ||
|
unidentified
|
Okay. | |
| Was it Betty Jean Robinson? | ||
| Nashville Grass. | ||
| An American gospel classic. | ||
| Unclouded Day. | ||
| We'll leave it at that. | ||
| that we'll see you back here at five. | ||
|
unidentified
|
I'm going to be singing a song called, The Land of Cloudless Skies. | |
| Oh, they tell me of an uncloudy day. | ||
| Oh, the land of cloudless days. | ||
| Oh, the land of an uncloudy sky. | ||
| Oh, they tell me of a home where no storm clouds rise. | ||
| Oh, they tell me of an uncloudy day. | ||
| Oh, the land of cloudless days. | ||
| Oh, the land of cloudless days. | ||
| Oh, the land of an uncloudy sky. | ||
| Oh, they tell me of a home where no storm clouds rise. | ||
| Oh, they tell me of an uncloudy day. | ||
| Oh, the land of cloudless days. | ||
| Oh, they tell me of a home where my friends have gone They tell me of a land far away Where the tree of life in eternal bloom Sheds its fragrance through the uncloudy days Oh, the land of cloudless days Oh, the land of an uncloudy sky | ||
| Oh, they tell me of a home where no storm clouds rise. | ||
| Oh, they tell me of a non-cloudy day. | ||
| Oh, they tell me that he smiles on his children there And his smile drives their sorrows all away And they tell me that no tears ever come again In that lovely land of one cloudy day Oh, the land of cloudless day |
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