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Aug. 29, 2023 - Bannon's War Room
48:27
Episode 2989: Real GDP Growth Down Since 1970
Participants
Main voices
d
dave brat
08:28
s
steve bannon
25:48
Appearances
f
frank gaffney
02:46
j
joe allen
01:53
m
mike lindell
03:21
Clips
j
jake tapper
00:08
| Copy link to current segment

Speaker Time Text
steve bannon
This is the primal scream of a dying regime.
Pray for our enemies.
unidentified
Because we're going medieval on these people.
steve bannon
President Trump got a free shot at all these networks lying about the people.
The people have had a belly full of it.
I know you don't like hearing that.
I know you've tried to do everything in the world to stop that, but you're not going to stop it.
It's going to happen.
jake tapper
And where do people like that go to share the big lie?
unidentified
MAGA Media.
jake tapper
I wish in my soul, I wish that any of these people had a conscience.
unidentified
Ask yourself, what is my task and what is my purpose?
steve bannon
If that answer is to save my country, this country will be saved!
unidentified
War Room.
Here's your host, Stephen K. Vance.
steve bannon
Okay.
Welcome.
Tuesday, 29 August, Year of the Lord 2023.
Supposed to be the slowest week of the year outside of the week between Christmas and New Year's.
Not working out that way.
A hat tip to this audience once again, you came and had the back of Harrison Floyd so you can actually get some lawyers.
We raised holy hell over the last 48 hours, and my understanding is that he's just been granted a consent bond.
So he's going to get out sooner rather than later, as the song says.
I think, like, immediately.
And we had a technical issue with Chris Kocherov.
We're trying to get him back up by phone, an update.
I got some housekeeping to do because I got to get back to the main theme we're talking about here, which is how interpolitics The ruling elite in this country, global economics, and your life is all inextricably linked.
Of a piece, as we say.
I've got Joe Allen.
Joe, here's what I'm going to do.
I'm not going to play your cold open because it's so amazing.
Joe Allen's got an amazing thing he's put together on Warbots, where your tax dollars are going for, for Warbots, that is going to blow your weight.
We're going to play that this afternoon because Joe Allen is a man in demand now.
We've got to kind of figure out how to fit him, how to get him for the little time he's available.
Dark Aeon is in bookstores today.
Joe, tell me, give me a minute on the book and we'll let you go.
I know you got another interview and interviews throughout the day.
I'm going to get you back on the afternoon shows because this DoD Warbots thing is blowing up.
It's going viral and you're the first one really to kind of make a big deal about it.
Tell us, where can people get the book?
And more importantly, why should they buy the book?
joe allen
Well, Steve, this is the roadmap to the future, or at least futures imagined by those who don't have our best interests at heart.
Transhumanism, as anybody who watches The War Room knows, is the desire and program to uphold technology as the highest power in the universe.
Technology will save humanity from itself, from the universe itself.
This sort of insanity Would have seemed like science fiction even maybe 10 years ago I think two things have really set it off the pandemic response and
And the heavy hand of the authorities using technology to suppress information, using technology to brainwash a huge proportion of the population, using technology to surveil the population, and of course, offering the mRNA technology as a form of salvation to get you out of your ritual cave.
Beyond that, the advances in artificial intelligence we've covered for the last two and a half years have been explosive alongside CRISPR, and brain-computer interfaces.
Dark Aeon is a map to all of these different technologies as they are now, and maybe most importantly, Steve, it's a map to the worldviews that are behind the development of these technologies and are undoubtedly going to guide their use going forward.
steve bannon
We are believers in replacement theory here at War Room, but not the replacement theory they talk about in the mainstream media, which is, you know, one ethnic group of another, one race of another, one religious group.
That's not relevant.
What's relevant is the replacement of something called human beings, which you would be one of.
My apologies to all the bots out there that are listening right now.
And we've got to stop it.
You may say that the horse is out of the barn.
There's an argument for that, but let's just call us the 21st century Luddites.
So we're not going to go down without a fight.
Okay, we can say that.
Joe Allen, this is the primer.
This is the textbook everybody needs for the fall semester.
I don't care what your age is.
You're going back to school, and Joe Allen's going to be your first textbook.
Joe, where do people go?
Amazon.com is where you go get the book.
I want to thank Tony Lyons and the team over at Skyhorse being our partners here at War Room Books.
A lot more to come from there.
Our first book was Frank Gaffney's Great Indictment.
We only do serious books on serious topics.
No fluff here.
Books that you need to read.
Joe, what's your social media?
Where do people go to find you, sir?
And particularly, you're going around, hopefully going to go around the country here pretty quickly.
And spread the word on the war against humans that is what transhumanism is, sir.
joe allen
First, I'd just like to extend my thanks as well to Tony Lyons.
The whole team at Sky Whore is fantastic working with him.
And of course, the editor, Elaine Lafferty.
The book can be found at Amazon, all places where books are sold.
It is released as of today.
Amazon's dates are messed up.
If you order it today, it will ship immediately.
And you can find all links at the top of my social media at J-O-E-B-O-T-X-Y-Z and joebot.xyz.
steve bannon
Remember, Amazon and Barnes & Noble are not our buddies here.
They're going to do everything, in the New York Times bestseller list, they do everything, just like in the Tucker book.
They will do anything to keep these books out of your hands.
That means those are the books you want to read.
Joe Allen, thank you very much, and Elaine Lafferty is a little under the weather.
Our editor at War Room Books, we hope she gets better.
She's a 24-7, 7-day-a-week type.
That we attract here at the War Room.
Brett, hang on for a second.
I got you for a few more minutes.
I know Gaffney's got to go.
Gaffney, what is your message?
What is your message to McCarthy's?
By the way, people should understand something, too.
Just as a news update, because of War Room and the pressure you're putting on people, when they come back in the district, And you're lighting people up and saying, what are you doing?
This spending is obscene.
You're destroying the country and you're destroying future generations.
And you're the cause of it.
Don't give me Biden.
You're the cause of it.
They've got the House members are so worked up.
That and this is the slowest week of the year in D.C.
Leadership's teams are back in D.C.
They've all the leadership teams are back there.
The chiefs of staff and all that they're working 24 7 because they understand a firestorm is about to hit them with their members when they return.
Because people are not, because of the show and other podcasts out there and other shows, you're not, this is not TV for stupid people.
You're not going to have McCarthy go on and bring a bar to Rome and say, well, in that little voice of his, that little schoolboy voice, well, you know, we can't, you know, we can't do so many things.
If, you know, if we don't, if don't have a CR, we really, we can't do the impeachment.
We can't do it.
Come on, dude.
Grow up, man.
It's obscene.
How dumb do you think people are?
We're not buying that.
We're not buying it.
Frank Gaffney, what's your message to McCarthy and his leadership team right now?
We know who are listening to this, sir.
frank gaffney
My message is this, Steve.
Joe Biden and the Obama-Biden administration, in which I believe we are now witnessing the third incarnation, have been all about the money.
You look at the various things that you ticked off a moment ago, that Joe Biden had as part of his portfolio.
The China, South China Sea, Ukraine.
I would argue the Memorandum of Understanding in May of 2013 that gave the Chinese access to our capital markets on a sweetheart deal basis.
I just heard the other day that Joe Biden, as Vice President, made three trips to Guatemala in 12 months.
To try to hondle them to do some business with some company that I presume was paying him.
Now we've got a bailout, Steve.
What do you think the chances are that Joe Biden is trying to figure out how he's going to profit from propping up the Chinese Communist Party?
I'd say it's 100%.
So my message to Speaker McCarthy is get out of the way.
If you're not going to be part of saving our country from the most corrupt and, frankly, the most treasonous president in our history, then you are not fit to be Speaker of the House.
And that's true right now.
Not a week from now.
Not a month from now.
Not six months from now.
Right now.
Get out of the way.
And I would just say we did a fabulous War Room style webinar of our committee on the present danger of China last week on the bailout.
There's plenty of evidence of what these guys are doing.
They're trying to do it through your tax funding, surreptitiously.
They're going to try to conceal it from you.
They're going to try to do it by getting Wall Street to keep investing in the uninvestable China.
presentdangerchina.org is where you can find that, and you can also find what may be our most important webinar ever, of over a hundred of them now, tomorrow at 2 p.m.
You can register for it at presentdangerchina.org.
What's it about?
It's about a coming U.S.
Civil War with Chinese characteristics.
We've got stars of The War Room like Brian Kennedy, Sam Faddis, Trevor Loudon, Natalie Winters, Robert Spencer, my colleague Tommy Waller.
It's not to be missed and it's going to lay bare What those guys coming across the border who look an awful lot like PLA special forces units may have in mind for us, making it look as though we're starting a civil war for all their provocations against us.
Don't want to miss this one.
PresentDangerChina.org.
Register today.
Thank you, Steve.
steve bannon
I'm going to get Grace and Mo on that.
We're going to try to stream that.
Thank you very much, Gaffney.
You're doing the Lord's work.
I've got Chris, by the way, I'm gonna get back to Brett in one second, but I've got Chris Harrison, a Floyd's lawyer, on the phone now.
We've got him hooked up.
Chris, walk me through what has happened, what's transpired since we dropped Sync on the show?
unidentified
Alright, so we just got an offer from Fannie Willis to have him out on bond, a consent bond, the same bond she offered everybody else.
I've maintained she didn't have to wait for us, she could have done it herself.
I had hoped that Other people were going to come out and support him and demand his immediate release, but for whatever reason, that didn't transpire.
I don't think the president got the word.
I don't think his lawyers got it to him.
So right now, it's good news.
I'm going to have him out today, and he can be on the speaking circuit.
Maybe he can call into your show and tell the folks what he went through.
steve bannon
You tell Harrison that he's always got a platform here in the War Room, and Chris, I'm so glad.
Things change, and this is about this audience.
When you supported the situation with Harrison late last week, you got Pat McSweeney, you got Chris Kocharoff on the case, and things change.
And congratulations to Harrison, and we'll look forward to this afternoon and the afternoon show about talking to you about if Harrison gets out this afternoon.
Couldn't happen to a better guy.
unidentified
Steve, thanks for all your help, and I want you to know that other people have told me that they heard about it on War Room, that you had demanded his immediate release.
So, I appreciate all that.
steve bannon
Thanks, Chris.
Great job, you and McSweeny.
That's a tough team.
Tough team, man.
You gotta have tough teams.
Look, you saw at the beginning of the show, and we didn't even have time to play the Meadows part of it.
The judge yesterday, you gotta understand what's going on here.
She picked a random date.
Because remember, there's no coincidences in the war room.
She just picked a random date.
Just, you know, she was listening.
And this is something that should take years to go to trial with all the information that's got to come out because it's about the stealing.
We're going to get to adjudicate the 2020 election in a federal court.
Ah, if the judge lets that come in.
So it will take years to get this ready, right?
Years.
So she picked a date.
Random date.
She picked the day before Super Tuesday.
The trial starts Monday before Super Tuesday.
Brad, let me go to you.
Give me your thoughts on that.
Give me your thoughts on the pressure on Trump.
I've got a couple minutes.
We'll come back and talk about the economy and the Reuters story coming out of Jackson Hole.
But give me your thoughts.
Is it a random event that she picked the eve of Super Tuesday to put Trump on trial?
dave brat
No, nothing random, and Frank's comments on the speaker are key.
You know, the legal matters, the moral is most important, the spiritual is the highest good.
And these are issues of the highest good.
When you see out of the left, what we're getting constantly is narcissism, Gaslighting, and now the latest term is this RICO lawsuit stuff.
As soon as they tell you what's coming your way, it's what they're doing.
I mean, we just need to put together some bullet points, and the political commentary is just my own.
But our side, it's a moral failure of courage to stand up and just tell the truth.
All you got to do is tell the truth.
God says, don't bear false witness.
If you do what God wants, you're going to get some support from the Spirit.
It's going to come your way.
But if you don't even put up a fight and tell the truth, it's hard to win.
And so, you know, thank God we got some superheroes on our side fighting the legal side of it.
But across the country, everybody needs to weigh in here because everybody's waiting for support from someone else.
And if the Calvary doesn't come in, meaning the American people, with courage, Moral courage, it makes it harder on everybody.
And so we need everybody to have everybody's back.
That's what made this country great.
steve bannon
Dave, hang on for one second.
We're going to get back into this.
And particularly, Reuters has an amazing story up that concurs with our economic analysis.
And they hung out in Jackson Hole with the central bankers, all next to the war room.
unidentified
Here's your host, Stephen K. Bamm.
steve bannon
Okay, we're going to go back to Dave Branson.
First of all, some breaking news.
Terrible news about the health of Majority Leader Steve Scalise.
It looks like he's got some serious medical conditions.
They just put a statement.
It's up on Punchbowl.
They're going to have a special edition, I think, on it.
As soon as we know more, we'll get it out to the audience.
Brother Scalise needs your prayers today, so let's everybody pile into that.
Grace and Mo will get something up as soon as we know more.
Also, Charlie Kirk yesterday did a great job in his show lighting up New Hampshire about this whole issue of getting Trump off the ballot, this whole bogus 14th Amendment situation that we've been all over.
Charlie Kirk did such a good job on his show, and a shout out to Charlie.
And Real America's voice and the entire team over with Charlie Kirk show and a turning point lit up the boards lit up in in New Hampshire and also they came out.
Hey, that's not going to happen.
It's fake news, you know, which it wasn't fake news, but they're sitting there going to hubbada hubbada hubbada hubbada hubbada, you know, nothing to see here.
So.
Great job.
And that's what you gotta do.
You gotta put these guys under, you gotta put them right under the, put the spotlight right on them and not let them squirm.
The Sununu's up there are working non-stop.
They're laboring like Kemp is in Georgia.
Sununu in New Hampshire.
You've got these establishment guys all over, Christie in New Jersey.
And they're figuring out, they're working 24-7 not to defeat Biden and the traitors that have sold out the country to stop Trump.
And the reason they want to stop Trump, they want to stop you.
They don't want you to have any say so in what goes on because they understand you're breaking up their deal.
You're breaking up the elites in this country's deal, which is with Wall Street, the oligarchs in Silicon Valley, the big industrialists, right?
And the Chinese Communist Party, World Economic Forum.
Remember Kemp?
He's over Davos, you know, walking around like a big shot.
You know, he's a big man, going to be president of the United States.
Not going to happen, brother.
So you might as well throw in now.
Also, huge situation in Hawaii.
We've got a team out there.
Hawaiian Electric came out yesterday and said for six hours they had cut the power off before the first fire started.
Not seeing that doesn't lead the news, does it?
They put the news out and that's what the stock was on.
The stock was on fire, no pun intended, because they think it's going to get them off the hook for liabilities.
There's something not right in Maui.
One thing I would recommend on this Maui situation, number one, My Patriot Supply.
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Just go to the website or call them.
They've got advisors and consultants that can walk you through, particularly if you don't know anything about preparedness, let them walk you through it.
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That's how the company's gotten so big, because they take care of people.
So go check it out today.
Dave Brat, one of the great things about you, you're coming as a hard numbers guy, but you also have the training and the understanding of moral philosophy and the ideas about this that connects the spiritual to the temporal.
I want to start in the temporal, and you take it from there.
And I'm so proud of you.
When I saw that Reuters story in the early dawn light, I said, man, I said, Dave Brett has been hammering this in Navarro, and finally they picked it up.
The guy, the Reuters guy hung around for a couple of days afterwards and talked to like, did the report of the Kansas City Fed and others and said, hey, guess what?
The world don't look so good, right?
We are over leveraged.
We're in a morass of debt everywhere, as we've said.
Just everybody's leverage up.
Way too much debt.
But he also got down to the beating heart of the problem.
The beating heart of the problem is productivity.
And the productivity, remember, the productivity is a function of two things.
Capital is part of it, but it's really technology.
In skills and that skills comes from education and a trained labor force and, you know, craftsmanship and going up a learning curve and becoming better and better.
Those productivity then comes forward with, you know, better jobs, better wages, growth, prosperity.
We don't have that.
As Brett has been saying, he says, hey, this is all a finance capitalism.
This is late-stage capitalism.
This is finance capitalism.
This is not entrepreneurial.
This does not get back to the individual workers and productivity.
Until you solve the productivity problem, you're just going to keep piling on debt for the phony prosperity you think we have.
We don't really have prosperity.
But it's all phony because, and this is what they're going to come back to the end of September.
We need more money.
We need two trillion dollars of deficits and debt every year.
We need seven or eight or nine trillion dollars spent.
We need a trillion dollars in defense.
We need a trillion dollars here.
We need to pay for this for the Ukrainians.
We got to pay for the whole world.
It's going to be on the shoulders of the working class, either through taxes or their other tax of inflation.
Remember, government spending is not a benefit to you.
It's a burden to you.
Dave Brett.
dave brat
Yeah, well, I'm glad you brought up education.
Everybody can go Google Eric Hanyashek.
He's the best guy on the economics of education.
And over the past 50 years, Spending on education has gone like this, straight up through the roof.
So has hiring of bureaucrats.
Guess what test scores look like?
Flat as a pancake.
So that's not a right winger, that's the lead author for decades on economics education.
And that's the definition of no productivity.
When you spend a ton of money on something, and you put a ton of inputs into something, and you get no output, meaning test scores, it's awful.
Now, the Reuters piece is very good.
It's acknowledging, just like you said, reality, finally.
Well, duh!
But it's a little misleading, and I'm being very kind right there.
There's more false witness in that thing.
They got a subtext of trade going on here.
We need to have free trade again and just getting all trade things.
There's a subtext of sobering view of post-pandemic growth in the global economy.
And again, in quotes, the emerging pandemic economy.
And the Federal Reserve, of course, is doing this research out of Jackson Hole.
Well, if you put two and two together, what's that tell you?
Oh, the Fed didn't construct the total failure of 07-08.
And the Fed didn't have interest rates at 0% for a decade and just ruin our economy.
This is all the fault of COVID, right?
And so Reuters is going along with this, this new COVID economy they just discovered.
There's nothing new here.
This all goes back 70 years with a managed decline like you've been covering for years on this show.
I got a few charts that will prove it beyond any doubt.
Denver, if you guys want to just put up the first few charts, I'll just go through them quickly.
But there's GDP growth way over at the left.
1970, it's at 5-6%.
And then at the far right, GDP growth for the United States of America is down to the 2% range.
Well, how did that happen?
You just gave the answer.
What causes GDP?
Productivity of the real economy, not the stock market.
Next chart shows productivity, going back 50 years.
So, is this the fault of the new COVID economy?
No, I don't think so.
The COVID economy just hit two years ago.
Here's productivity growth in the dark green, and the light green is your real hourly compensation, known as the wage rate.
So if you want to know why the black, brown, blue-collar wages are down, it's because productivity is down.
At the far left of that graph, in 1950, 70 years ago, productivity was high.
But if you look at Germany, productivity was high.
If you look at the UK, Netherlands, productivity was high.
Now it's down to 1% in the United States of America.
And so guess where your wages are?
Next chart, and these are more in summary, Hang on, hang on.
steve bannon
Whoa, whoa, whoa.
I want to put some context in here.
I want to put some context.
This is because, one, Nixon going off the gold standard, which I'll have more to say about that, but a particular reason a lot of those from the 1990s onward The capitalists, they're not interested, they're really not focused on productivity in the United States.
Because with the deal they cut with the CCP, they got to slave labor in China.
They got to Lao Bai Jing.
Why don't we just abuse Lao Bai?
No, it's Lao Bai Jing.
They're worried about, you know, squeezing as much blood out of the Chinese laborer.
That's how the world system works.
It's predicated on the slave labor.
That's why they export the deflationary, quite frankly, of the overcapacity of their state industries And this is why the wages throughout the world, and man, oh my god, Wall Street, they'll go crazy.
Wage increases, it causes inflation.
It's so bad, inflation.
No, it's not wage increases that cause inflation.
It's the printing of freaking money non-stop.
Brother, Brett, but continue on, Brett.
dave brat
I got that all covered.
You can't tell me I buried the lead because you just buried my lead.
unidentified
Here comes the China capital story.
dave brat
Next chart.
steve bannon
I hadn't seen these charts in advance either.
I hadn't seen these charts in advance either.
I just let Brad roll.
Keep going, brother.
dave brat
It's good.
I'm leaving on that China thing.
Here's the source of confusion, Denver, that nice gold bar you got right there.
That's the stock market, right?
And that thing's going up and the rich are getting rich.
And then down below it, the purple line is GDP growth.
So there's your real economy.
It's not growing.
That purple line looks pretty flat to me.
unidentified
Yes.
dave brat
And the stock market's going up straight through the roof and the rich are getting rich.
Next chart.
What's that end up when the rich get rich?
Who owns all the stocks?
And then let's close on the last two.
10% of the people and this is Federal Reserve data. This is not, you know, right winger.com This is the Federal Reserve showing you the top 10% Oh 90% of the mutual funds and stocks in the bottom middle own nothing and then let's close on the last now Here's your China graph. Yep Hang on, hang on.
steve bannon
I want to save the punchline for after the break, because you've done this so well.
This is my point.
You can't keep a... Look, Dave Brett and I are capitalists.
I'm an entrepreneur of capitalism.
A system like this can't continue on.
It just can't.
We're all the values taken by an elite few who have business relationships with people that don't share our values.
And I'm not talking about just corporations.
I'm talking about the Chinese Communist Party, murderous dictators.
Brett, hang over a second.
Go to Birch Gold.
Ask Philip Patrick and his team today.
I want everybody to call them.
Go there and just ask them a simple question.
Why are the central banks in like the BRICS countries and the people that control all the natural resources in the world, why are they buying gold at record amounts?
And why is the Federal Reserve spending all their time working on a, wait for it, Federal Reserve digital currency?
Why is that?
I'm confused.
So, call Philip Patrick and the team at Birchgold slash Bannon right now.
Make sure you talk to them.
You get an answer.
Get an answer that makes sense for you.
Don't listen to me.
I want you to talk to experts.
We're trying to immerse you in information.
So you can understand what the con is.
The long con.
We're going to return with Brad and his charts in just a moment.
unidentified
Here's your host, Stephen K. Bamm.
steve bannon
Brad, I understand you've got to go.
I really appreciate you staying through the break.
Give me your punchline, then I gotta ask you a question.
I must ask you a question because the audience wants the answer of this firestorm that's about to engulf the nation's capital about spending, sir.
dave brat
Good, good.
Yeah, Denver, last two charts.
If you take macroeconomics, technological growth is a little complex.
But the main cause of economic growth is capital, capital equipment.
If you put capital in the hands of American people, we become the dominant superpower in the world.
That's what happened.
That's our history.
Here's the chart of Chinese capital increases.
Look at 1980 right in the middle of the chart.
Not much.
And then it goes up exponentially, up through the roof.
Now, that causes massive economic growth if you invest in capital and you have a free market system, which they don't.
steve bannon
Hang on, hang on.
Stick on that chart.
That chart.
And for our podcast audience, this is why you've got to sign up.
Go get the email.
You can see the charts and everything because they're not seeing this visually.
Because this is a TV performance.
That coincides with Tiananmen Square.
That's the deal.
You want to see the mathematical manifestation of the deal that Sununu and Bush and this crowd cut?
It's right there.
That was to flood the zone.
That was to shift world manufacturing production.
Away from a relatively high labor cost United States of America with blue collar people, mainly who used to be Democrats, like my parents, union folks, to ship it over to take advantage of the slave labor in China.
That right there shows you exactly what the world's elites did in partnership with this guy.
That's the chart right there.
dave brat
Yeah.
steve bannon
Dave Brett, continue on, sir.
dave brat
Yeah, that's right.
And the distribution of income story in China is going to be front page news in a week or so.
Same with Sub-Saharan Africa and the poorer countries because the decline in global growth, which the IMF came out with and the Federal Reserve just discovered this past weekend, is going to be catastrophic.
And everybody should go read the end of RFK Jr.' 's book.
Instead of doing water and nutrition, etc., the left went into Sub-Saharan Africa and wanted to do virology, which displaced Public health, water, nutrition, etc.
So that's an aside.
But Denver, let's put up the last chart.
Here's the United States capital stock.
By contrast, it's going up, but you can see it's plateauing.
It is not going up like a rocket ship, right?
It's gradually going up, but at the far right, it's plateauing.
And so what is this summary?
China's not as rich as we are.
They're not nearly as rich as we are in per capita income.
But they have a hundred trillion dollars worth of capital to work with on hand.
We are a bigger economy for a longer time period, and we only have $70 trillion worth of capital to work with.
That's a devastating critique that did not happen post-COVID.
unidentified
Dear Reuters, dear Federal Reserve researchers, you have floors of researchers.
steve bannon
But that's not capitals per se.
That's capital equipment.
Is that capital equipment?
dave brat
That's right.
steve bannon
That's the capital stock.
dave brat
That's robots and machines.
steve bannon
Slow down.
That's a big difference, Professor.
I just want to make sure that people, and you use that term as an economist, I just want to make sure people understand it.
This is the key point, as we say in the presentation.
That is the capital equipment.
Remember, you had the big fight over the Trump tax cuts.
We wanted the corporations not to be able to use it to do stock buybacks, but force them to put it in the capital equipment.
People say, well, you can't force them.
Sure you can, by tax policy.
Because if you don't do it, they're just going to play games with their stock.
And so that the managers and the CEOs cash out big time, don't care about the long-term growth of the prospects of the company, and kind of move on.
So a hundred trillion dollars of capital equipment or capital stock in the manufacturing mega death star of China with the slave labor allowed by Xing, making a buck a month, versus 70 trillion dollars in the United States.
That has long-term implications.
They're teetering on the edge because the speculative nature of the CCP to have to blow this up quickly.
The property in real estate, that's where they're teetering on the brink.
And right now, Biden's people are over there trying to cut a deal with him on trade about that capital stock so that we can moderate the trade where the Trump administration had him backed up against the wall to bail him out.
This is a bailout.
They're bailing out the CCP.
Last thing, I gotta go, Brad, but last thing, just your thoughts on what this audience should be doing because midnight, it's September 30th, You know, Cinderella, the coach goes home.
That's the end of the fiscal year.
McCarthy and these guys are going to happy talk you.
They want just a 30 day CR, a six month CR.
They're going to give you every excuse in the world.
Oh, we can't do this.
We can't do this.
They have lied and failed and everything hit.
He's been around nine months now.
He had every opportunity to get this done.
All the appropriations, the regular order was all a lie, all a misrepresentation.
Nothing got done.
And now he's going to come back and beg for an extension.
What are your thoughts on that, Brother Brad?
dave brat
Yeah, my thoughts are everything we just put up, all those charts, that's what's happening to you.
That's what's going to keep happening to you until some party grabs a backbone and courage.
And the most important concept, I skip over on all this, but it's the distribution of income and this idea of average, right?
If Steve's got a million bucks and I got a buck, the average between us is a half a million dollars.
The average is a half million, but I only got a buck.
Am I better off?
No.
That's the central concept that the war room needs to ask for in everything we look at.
How is it affecting the middle class, the median person?
And when you see the effect of these policies that Congress is doing, the $7 trillion budgets, the $2 trillion deficits, it's crushing you in the middle class.
steve bannon
Let me get this.
You're getting crushed, okay?
It sucks.
Everything is done.
It's on you.
No, this is the deplorables.
Everything's on your shoulders.
The whole world is on your shoulders because the civic society gives the robust nature of the capital markets, the liquidity of the capital markets in the United States.
The entire deal's on your shoulders.
And all you do is get screwed every day.
We can show it to you mathematically by the elites in this country.
And they're going to keep screwing you until you stand up and say, hey, how about this?
No longer.
That's why they hate Trump.
That's why Trump's got 91 indictments, 700 years in prison.
They're going to start next year with these show trials.
They think that they destroy Trump.
They destroy this movement.
And if they destroy this movement, they can rule for 100 years and how they want to do it.
That's why Donald J. Trump, the fate of one man and the destiny of a nation are inextricably linked for only the third time in this Republic's history.
General Washington in the revolution and the founding of the nation around the Constitution, Abraham Lincoln in the Civil War, and Donald J. Trump in the firestorm of the fourth turning in the 21st century of this Republic.
Dave Brad, how do people get you down to liberty?
Mr. Vice Provost.
dave brat
Yeah, this is Brad Economics.
I'm Getter, and of course, go to Rumble and just pick up all these episodes.
And thanks for all the work you do, Steve.
Come visit Liberty University.
We got a new cafeteria that holds 3,000 students with every delicacy you can imagine.
I've been a regular visitor.
Please come visit and say hi.
unidentified
I'll be there at noon most days.
steve bannon
Your movie star good looks is half of the reason that the war room posse... I'm getting old.
No, no, no.
Get back out there.
Brad, thank you so much, brother.
The charts were amazing.
unidentified
God bless everybody.
steve bannon
Thank you, sir.
Dave Brett, that's a good man.
So, here's the one thing you have done.
You've forced the leadership's teams Back to Washington D.C.
in the slowest week of the year.
They're in panic mode.
Because they understand they can't keep selling you the same BS they've been selling you for 40 or 50 years.
You're too smart for that.
Because now your native intelligence coupled with now you've got access to information that you just can't, you know, they just can't blow it past you.
Because you don't watch TV for stupid people.
You take the hard lessons here and now you're asking the hard questions.
First question out in Nebraska.
Ask General Bacon.
Has he, you know, run his mouth all the time on MSNBC?
Guys run around talking this, giving deep thoughts.
Has he been over to Treasury and seen the SARS report?
And he said, well, I'm not on the committee.
No, dude, you're a congressman.
You can make it happen.
You're a frickin' Air Force general.
Go make it happen.
And his constituents said, ask him, before you run in your mouth, have you been over and seen the SARS report that Nancy May says is over $50 million of direct payments to the Biden crime family?
Nancy Mace reports as 50 men... By the way, Nancy Mace says the thickest file is Hunter Biden's trafficking of women for sex.
That's the thickest file.
Why don't we just make... How come that's not made public?
Why is that not made public?
The crimes of the Biden crime family, the only thing they pale in comparison to is cybercrime and the explosive nature of it now, not just globally, but particularly in the United States of America.
Matthew Cox from Home Tidal Lock.
Tell me, first off, Matthew, you were one of the bad guys.
You were one of the guys who perfected cybercrime.
How big a deal is just cybercrime overall for our audience?
unidentified
I mean, it's huge, right?
Right now, There's more personal information on the web about every single one of your audience members than there's ever been.
I mean, there are leaks, you can purchase dumps of information, you can purchase social security numbers, dates of birth, their full names, their addresses.
I mean, people are very vulnerable right now.
I was actually, two weeks ago... And how does that make Two weeks ago, I was in Atlanta at a cyber crime convention.
And I mean, it's frightening.
You would think that it would be tightening up, and it's actually just getting worse.
steve bannon
How could that be?
Because now people are more alert to cyber crimes and to what you just talked about.
Why is it getting worse?
Because the bad guys are getting more sophisticated?
unidentified
Much more sophisticated.
And it's funny, after speaking with all of these experts, It's not so much that there are hackers hacking into the systems as there are people just falling for very basic phishing scams and people gladly give over their information and then it gets stored on the web and sold over and over again.
How does this tie back?
steve bannon
How is this tied back to the fear I've got is 80-90%... We just went through how 90% of the stocks are owned by 10% of the people.
80 or 90% of people's net worth today, the average American, is tied up in their home.
So their home is not just their castle, their home is their anchor to windward in case of any storm.
How vulnerable are they to cyber criminals in this whole area of taking out a second mortgage on your home unbeknownst to the owner?
unidentified
I mean, they're very vulnerable.
The real problem is that all of that information is available online.
Like, me looking up the title to someone's house isn't illegal.
It's available to anyone.
Any member of your audience could look up all of the information on their house online.
You don't even have to do it from your own IP address.
You can go sit in a Starbucks and look up that information.
Can be found anywhere in the world They can purchase the information to the person who owns the home borrow money against the home Satisfy the loans on the house. This is listen criminals are getting more and more savvy all the time Where did they go right now to find out more information
steve bannon
What I want to do is immerse people in information on this, because we can't have members of the Warren Posse that have a massive shot below the waterline on something like this, where some guy takes out a loan with a hard money lender, a second, they got to pay it off, the interest rates, and it takes forever, if they could even get it unwound.
Where did they go to get the information on this, Matthew?
unidentified
I would say at hometitlelock.com.
That's really a great place to go and find out what's really happening and it's also obviously it's a great place to go and get protected because you're just not protected.
I mean you can, even if you could, even if you found out what was going on and someone stole the title to your home or borrowed it from your home, how would you unwind that?
How would you have it?
steve bannon
Matthew Cox, thank you very much.
I appreciate it.
HomeTidalock.com.
I need everybody to go there today.
Check it off as your homework assignment.
Home Tidalock.
Matthew Cox, cyber criminal extraordinaire.
But he's worked his way back to the good guys.
Short break.
Back in a moment.
unidentified
Here's your host, Stephen K. Bannon.
steve bannon
Okay, welcome back.
Two things happened yesterday.
Charlie Kirk lit up New Hampshire.
Your calls, boom.
They dropped this.
Oh, Trump's going to be in the ballot.
We didn't know who was doing that.
That's the new-new in that crowd up there working nonstop.
Harrison Floyd's going to be let out today on a consent bond because this audience pitched in and got him a lawyer, a real legal team with Pat McSweeney and Chris that are fantastic.
I think he's going to be out today on a consent bond because you went crazy on why is this black MAGA conservative locked up and everybody else is not.
It's outrageous.
And finally, Wilson, this guy's blinked.
We need Kemp.
We need the Republican establishment mafia.
Down in Georgia to feel the heat of this audience.
Okay, and we need McCarthy to feel the heat.
This is what this is not radical Democrats.
This is these are supposedly conservatives that take your money that play footsie with the enemy.
And now they're on the brink of destroying this country.
I just want to ask McCarthy and the Republicans one question.
Please show me the math so I can show the Warren posse.
Show me the math of how we don't have one and a half trillion to two trillion dollars in perpetuity.
That means forever and ever.
Show me the math.
I went to HBS.
I can do the math.
I worked at Goldman Sachs.
I can do the math.
Show me the math.
Show me the mathematics and back of your happy talk.
Because your plan is the road to perdition.
You know who knows that?
The central bankers out there.
The central bankers.
Make sure you go to Birchgold now and check everything out.
I need you guys armed and we're going to get you...
Navarro's macroeconomics course, all of it.
They can't stand the fact that you're knowledgeable now and you're not going to take their crap anymore and their lies and their spins and misrepresentations.
Mike Lindell, I've, you know, Trump's under assault 24-7 on, you know, 50, you know, 71 indictments, 91 indictments, 700 years in prison.
They're going to start the trial randomly on the eve.
She's in your grill, that judge in Washington.
On the eve of Super Tuesday, they're going to put Trump on trial.
That's her plan.
She locked the date in.
Mike Lindell, you're in their salt in every different direction.
Tell me, over the last 24 hours, they took the company's website down again?
mike lindell
No, they've attacked it.
They're running these artificial things on there where they just bang it with cards.
And then it involves more money.
It slows down the process.
And then our call center had direct threats.
It's not ending.
Right now, they're very worried about the plan to secure our elections that we're involved in, and that the Republican Party came out with a great resolution for the same-day voting, paper ballots, hand-counted, precinct-level, signature-required.
So, you can tell every time they're worried, the attacks come full force at me, whether it's with lawsuits or attacking my company.
And this is an employee-owned company.
I just happen to be the biggest stockholder and my employees come to me all the time and they're going, you know, are things going to be okay?
Are we going to be okay?
And it's concerning for them all the time.
And I say, yes, we will.
So Steve, I got a good one for you today.
So what I did, I'm doubling down, you know, we have our towels.
That we have the six-pack sets that just got back in.
Everybody, we are waiting for them.
They're normally $79.98.
$39.99 for a six-pack set of the towels.
All the colors are in.
But here's what we're doing to combat what they did to my pillow yesterday.
Our slippers, if you show me here.
Yeah, there's the...
There's our slippers, right?
This is the original.
My slippers, everybody.
These are the ones $149.
They were on sale for $49.90.
We're going to do a Christmas sale early to combat these.
All the slippers.
These are the best slippers you're ever going to use in history.
$29.99.
And we're going to do a very limited sale on this, but I have to give my employees some confidence that That we're going to be okay because it just doesn't let up.
And they're going, you know, they're just trying to run me completely out of money so I cannot continue to fight this election to fix these election platforms.
And there's the promo code War Room, everybody.
There it is.
These are the original MySlippers, you guys.
It's an early Christmas special.
You know what?
When they attack, we just go back and we celebrate.
That's where I'm at.
They keep attacking, and we're winning everybody on all levels, and this plan goes forward no matter what.
steve bannon
MyPillow.com, promo code WAROOM.
And you heard that from the happy warrior, Mike Lindell.
Mike, why are you the happy warrior?
I've never seen you in a bad mood, ever.
Tell me, I only got 30 seconds.
Tell me, is it because you have the Lord in your heart?
Why are you always upbeat when the world's trying to crush you?
mike lindell
Yeah, absolutely.
It's my faith in God.
I mean, we're in the best time ever to be alive.
Everything's going to get changed because of what happened.
It's going to be for the better.
We're in the greatest revival for Jesus Christ in history.
If you get a chance, everybody, go to Frank's speech and watch my show that said, How We Got Here.
And watch that speech I did.
It says, all the things you think are negative out there, everybody, God uses all things for good.
And we're going to get to this great place and we're going to look back and say everything had to happen just the way it did.
And so I'm, you know, I'm always optimistic, but I just think if we didn't have any, we have a great plan.
We have a, you know, and it's, it's all going to work out.
And I just want to give people hope and, And, you know, if you're losing hope, get in the Word.
Get in the Word.
Go to the Bible, read your Bibles, and get in prayer.
steve bannon
As long as you are the tip of the spear and people get into the New Testament, it's going to be fine.
Mike Lindell, honored to have you on here, brother.
mike lindell
Thanks.
Thanks, Steve.
God bless you all.
unidentified
Thank you.
steve bannon
To the Charlie Kirk show.
I don't think we could have a more appropriate song for today's coverage.
Listen to her lyrics.
We'll be back here at 5.
unidentified
I don't want to get adjusted to this world, to this world.
Cause I've got a home so much better and I'm gonna go there sooner or later.
And I don't want to get adjusted to this world.
Lord I'm growing old and weary.
you There's no place that feels like home.
Savior, come my soul and ferry me to where I never more roam.
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