Oct. 7, 2023 - Bannon's War Room
48:51
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. | |
| You're not going to free shot 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 try 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
|
War Room. Here's your host, Stephen K. Bannon. | |
| But there's your near 16% Sepon 81 for your anniversary date. | ||
| And the whole point of this chart is, is that we have a lot of potential room to run to the upside. | ||
| So if somebody asked me and held a gun to my head and said, listen, the worst case scenario, where are treasury rates going to go? | ||
| Ten year? | ||
| I'd say in the next seven years, you should be able to see 13.5, 14 percent. | ||
| Are you serious? | ||
| Yes. | ||
| Now, I'm not saying we get there, but I really want to stress, you do not want to jump in front of this right now. | ||
| If this week closes under $4.75, and the high yield close remains in the $4.60s, you buy the market looking for a bit of a retracement to potentially get back down to $4.25 to $4.32. | ||
| Or, if it gets to $4.75 on a closing basis first, you liquidate the trade. | ||
| So you buy TLT below those levels. | ||
|
unidentified
|
In other words, bad in yields, we're going to go down in the short term. | |
| Otherwise, we'll look for it. | ||
| Why are rates going higher? | ||
| Is it because the economy is gangbusters? | ||
| Oh, that's easy. | ||
|
unidentified
|
Tyler. | |
| Tyler Matheson. | ||
| Everybody clap for who loves Tyler. | ||
| What did he bring up today? | ||
| A great Chicagoan, Milton Friedman. | ||
| And when he did, one of my 50-year veterans from the trading floor called me and said, boy, he's spot on. | ||
| I had many meetings with Milton, that if you want to know where inflation is taking the markets and why, just look at government spending. | ||
| The vigilantes have new horses and they're riding, and I really do think that is the answer. | ||
| We are spending too much. | ||
| We are not learning to cut back. | ||
| As a matter of fact, I think we're out of control as we approach a $2 trillion deficit, and this is the market's way to get Washington. | ||
| Okay, um, I need that clip recut. | ||
| Because, and Brad, professor, let me give you the investment banking lesson here. | ||
| I need to have the T up. | ||
| Where the rates are going to go to 13%. | ||
| That's the tee-up, the payoff, the punchline is the government spending. | ||
| Dave Brett, so just cut that for me. | ||
| To summarize, briefly, because I don't need, the audience, you don't need to do bond math, okay? | ||
| We'll save you that. | ||
| Brett, jump in here. | ||
| Essentially, Santelli, who I think is fantastic, a common sense guy, but been out there trading in the Chicago pit forever. | ||
| He goes back in time, and I think it's September of 1981. | ||
| And it was, was it the 10-year? | ||
| At 16%? | ||
| 16.1%? | ||
| Was that the peak? | ||
| He's talking about where, and everything's priced off the 10-year. | ||
| Think about that for a second. | ||
| I know there's audience members that remember that. | ||
| I just came out of the Pacific Fleet, was back at the Pentagon when the Reagan administration started, and We bought our first house. | ||
| Moe's mom and myself bought our first place. | ||
| I think I forget our, I think our interest rate, I think we were paying 18% or something. | ||
| It was, in retrospect, it was insane. | ||
| But this is what Paul Volcker and Ronald Reagan, this is the heroism of Ronald Reagan and Paul Volcker, to be able to see that. | ||
|
unidentified
|
16%. | |
| Now, we were a different country then. | ||
| We're a different country in our education, we're a different country culturally, we're a different country with our balance sheet, we're a different country with our manufacturing base. | ||
| We were the global manufacturing powerhouse still left over from World War II. | ||
| We were still, excuse me, the arsenal of democracy. | ||
| We had a balance sheet that was relatively pristine. | ||
| Now we had come off the gold standard, I think that had a little bit to do, you know, with the guns and butter didn't quite work out in the 70s with the stagflation. | ||
| And the Saudis had to kind of rethink that petrodollar, right? | ||
| In their embargo. | ||
| But now you got Rick Santelli. | ||
| Tell me when that's cut. | ||
| Rick Santelli is projecting over the next five to seven years 13% over 13% and he walks through the math of it and the guy goes well, how do you get to that number? | ||
| I mean they're in shock because if Santelli's telling you that Over the next five to seven years the rates gonna go to 13% and it's at just under five right now Dave Brat that means you You're not going five back down to three. | ||
| You're not going to five back down to two You're not gonna go five back down to what it was under Trump. | ||
| I You're going to go up and up and up. | ||
| And this is why I keep saying President Trump's second term. | ||
| I wouldn't wish the term after Biden's only term on my worst enemy. | ||
| What President Trump's doing is so heroic. | ||
| When you can look downrange and see where this is going to go. | ||
| And Dave, this gets right back to the railhead of the problem. | ||
| It's the government spending. | ||
| The government out-of-control government spending not only burdens you with additional debt you have to pay the insurance, but it's also unproductive in and of itself. | ||
| There's nothing productive about government spending. | ||
| This is what we have to break this mentality. | ||
| Dave Brat. | ||
| Yeah, well, if you'll notice, we're talking about the economy, but none of the financial shows are talking about the economy. | ||
| They never mention any business whatsoever. | ||
| And so, simply put, what we're really talking about here is otherwise very intelligent investment people made bets a few years ago to buy 10-year and 30-year bonds. | ||
| Making up for 2% with a 2% return Basically knowing or betting that there would never be inflation in that 10 year or 30 year period I mean, that's just crazy in itself. So Rational people don't do that So how did all this come about? | ||
| How could this have been constructed? | ||
| And the answer is, the Federal Reserve has created this monstrosity where all we talk about now is the Fed funds rate, interest rates, the bond crisis we're in right now. | ||
| To put this in context, bond prices, the longer term dated bonds, 10-year, 30-year, are down 46%, like you just said. | ||
| That's right in the ballpark of stock losses after the dot-com bubble. | ||
| It's in the ballpark of the 2008 financial crisis. | ||
| And as you just said, the losses here are actually more than when we had the Volcker-Reagan heroism, and rates were up at 16%. | ||
| The losses here are greater, because back then they had a real economy. | ||
| You don't hear any talk anymore about the real economy. | ||
| And so this 10-year rate is key because, like you said, it underlies everything, right? | ||
| It underlies the hedge funds, the banks, the global banking decision-making. | ||
| You have to own treasuries by regulatory fiat. | ||
| It is the risk-free instrument, and if it's off, everything's off. | ||
| Yeah. | ||
| And everything's priced on it. | ||
| Yep. | ||
| Let me play that clip again. | ||
| I guess we got it. | ||
| I didn't quite get it. | ||
| Let me just say this. | ||
| Economic and financial Armageddon in your life is capturing what Rick Santelli's telling me right now. | ||
| We're trying to give you signal for planning purposes, for planning purposes. | ||
| This is what this fight the other day, which they don't want to talk about. | ||
| When you talk about the speaker's race, don't get caught up in running, chasing shiny toys. | ||
| What Santelli's telling you, that unless you get a handle on this and can stop this, because We're never going to pay off a penny. | ||
| We're never going to pay off a penny of the principal amount of the debt. | ||
| That will never happen in the lifetime of this audience. | ||
| Not going to happen. | ||
| Because we're barely going to be able, it's like you have a credit card that monthly payment is so big, the interest alone, we can barely going to figure out how to pay now. | ||
|
unidentified
|
Let's play this. | |
| So what Rick Santelli is telling you, on his assessment, Is that in using, you know, going back to Milton Friedman that this thing is about to explode. | ||
| That's what I'm saying. | ||
| We could be at the beginning stages of a global margin call. | ||
| And when that happens, just just get ready for some some very that you talk about a fourth turning. | ||
| And this is signal. | ||
| This is existential to America and to the American citizens. | ||
| The southern border is existential. | ||
| What's happening in Taiwan with the Chinese Communist Party and around there is existential. | ||
| Others are areas of importance, big importance, but not existential. | ||
| Let me play this again with Santelli. | ||
| But there is your near 16 percent, $7.81 for your anniversary date, and the whole point of this chart is, is that we have a lot of potential room to run to the upside. | ||
| So if somebody asked me and held a gun to my head and said, listen, the worst case scenario, where are treasury rates going to go? | ||
| Ten year? | ||
| I'd say in the next seven years you should be able to see 13.5, 14 percent. | ||
| Are you serious? | ||
| Yes. | ||
| Now, I'm not saying we get there, but I really want to stress, you do not want to jump in front of this right now, but If this week closes under $4.75, and the high yield close remains in the $4.60s, you buy the market looking for a bit of a retracement to potentially get back down to $4.25 to $4.32, or if it gets to $4.75 on a closing basis first, you liquidate the trade. | ||
| So you buy TLT below those levels. | ||
|
unidentified
|
In other words, bad in yields are going to go down in the short term, otherwise we're looking for... Why are rates going higher? | |
| Is it because the economy is gangbusters, or because... Tyler! | ||
| Tyler Matheson! | ||
| Everybody clap for who loves Tyler! | ||
| What did he bring up today? | ||
| A great Chicagoan, Milton Friedman. | ||
| And when he did, one of my 50-year veterans from the trading floor called me and said, boy, he's spot on. | ||
| I had many meetings with Milton, that if you want to know where inflation has taken the markets and why, just look at government spending. | ||
| The vigilantes have new horses and they're riding, and I really do think that is the answer. | ||
| We are spending too much. | ||
| We are not learning To cut back, as a matter of fact, I think we're out of control as we approach a $2 trillion deficit, and this is the market's way to get Washington's attention. | ||
| Okay, the market's way to get Washington's attention. | ||
| This is why—tee up the Jordan thing, if you can. | ||
| Tell me when you got that. | ||
| Jim Jordan on the CR. | ||
| This is why Jim Jordan was on—Brat, he was on Hannity the other night, and it was mumbo jumbo. | ||
| You know, we need another CR, I gotta get into January, we're gonna have a 1% cut, and you know, ba-bing, ba-bung, ba-bung. | ||
| It's all mumbo-jumbo. | ||
| Brett, walk me through. | ||
| We're getting ready for a global margin call. | ||
| If you people have ever had stock accounts or gotten to the stock market where you borrow the money from the broker, and when that stock drops, they get a call and say, hey, they need you to wire over some cash. | ||
| And if you were speculating you don't have it, they just wipe out your account. | ||
| Boom. | ||
| They clear the trade right there, and you've got to suck on it. | ||
| Dave Brat, are we positioning ourselves in the early stages? | ||
| Because this will really throw gasoline in the fire. | ||
| Hang on one second, let me play this. | ||
| I want the audience to understand, this is the conservative, this is the conservative guy running for, this is, Brat was part of that Freedom Caucus gang. | ||
| This is the conservative running thing. | ||
| Listen to this mumbo-jumbo the other night. | ||
| And will there be all these other votes that members have been talking about? | ||
|
unidentified
|
Term limits, et cetera, et cetera, et cetera. | |
| We brought up term limits in the committee last week and had a vote on that legislation in the committee last week. | ||
| Yeah, we need to do all that, Sean. | ||
| But in 40 days, the stopgap spending measure runs out. | ||
| We have to have a plan as a conference. | ||
| Again, when we elect our new speaker, we have to have a plan that 218 of us support on how we're going to deal with that. | ||
| How are we going to deal with when we get to November? | ||
| We can't have the same thing unfolded, unfolded last week. | ||
| So I think that we have to look at another stopgap measure that would kick in the 1% cut. | ||
| There's legislation in place right now that says if we have a CR that can Continuing resolution that goes into next year. | ||
| There's an automatic 1% cut that takes place. | ||
| There's nothing like a cut to spending that focuses politicians' attention. | ||
| So we need that threat hanging there to be leveraged for us to get the policies you just talked about. | ||
| The policies where we can win on the border issue, on the crime issue, on inflation. | ||
| That's what, but that's the only way this town can operate is when there's that kind of leverage and there's that kind of deadline hanging there, where real cuts are gonna happen, that we can actually get people Dude, you had every opportunity. | ||
| Hey, the War Room gave you a couple of leverage points. | ||
| The debt ceiling fight that you backed McCarthy on. | ||
| And then right here, the CR the last week. | ||
| Let them shut down the government. | ||
| Would it be any worse when Biden's given six billion dollars to the mullahs in Persia, that they immediately turn around and launch a military and paramilitary assault upon Israel, and upon innocent women and children in Israel, take them hostages, take captives, go in the house and shoot them? | ||
| Would it be, could it be any worse? | ||
| Would a couple weeks of that shutdown be terrible? | ||
| That's your leverage point. | ||
| Don't, all this, already, This is the mentality. | ||
| They're already talking about another CR because they got, oh, it's going to be a 1% cut because we passed that last year. | ||
| Of course, they'll all comply with that. | ||
| That was part of Biden's debt deal. | ||
| That's the one that gave them unlimited deficits. | ||
| Unlimited deficits. | ||
| But you know what he got for it? | ||
| You know what those geniuses got? | ||
| They got that 1% cut. | ||
| They got that 1% cut. | ||
| It's a great trade. | ||
| Back in a moment. | ||
|
unidentified
|
Here's your host, Stephen K. Babb. | |
| Stay back. | ||
| you You know, we've got to find out all the, um, all the weapons that got black marketed out of Ukraine into the Middle East. | ||
| We've got to find, I mean, the $6 billion. | ||
| And I think the poster's telling me, um, Jennifer Griffin over at, uh, I'm getting from poster, Jennifer Griffin over at Fox is like trashing Trump's statement on the, on the, uh, Abraham Accords. | ||
| And, and, uh, he's, he's just put a breaking. | ||
| Fox News Jennifer Griffin blasts Trump's statement on Abraham Accords defends Biden $6 billion to Iran. | ||
| Can somebody pull that for me? | ||
| I just want to see it. | ||
| So there's a lot to sort out there. | ||
| Israel's obviously hit back hard, but we got to watch. | ||
| We got enough problems. | ||
| We got to watch getting dragged into this thing. | ||
| Because that's what they're trying to do. | ||
| They got us in Ukraine. | ||
| They want to get us dragged us into another Middle East situation here. | ||
| We just got out with $9 trillion debt on your balance sheet. | ||
| And you're just seeing what Rick Santelli is saying about interest. | ||
| He's saying the 10-year Treasury is going to go to 13% within the next five to seven years. | ||
| And that means unrelenting, essentially, if you look at the line of the graph, the slope. | ||
| Remember, it's always the slope, baby. | ||
| Look at the slope. | ||
| It's just bad days ahead. | ||
| If you're a young person, your world's going to get smaller and smaller. | ||
| Your house is going to get smaller and smaller, you can afford. | ||
| The car you drive, smaller and smaller. | ||
| Your life itself is going to get tinier and tinier and tinier. | ||
| As the restrictions of the world's capital markets start to put their pressure on you. | ||
| This is, you have to make this link between money and power. | ||
| Between money and power. | ||
| That's what they never want to talk about. | ||
| They want to throw some shiny toys out for you to chase and run around and let that be the... Can we put the red thing up from the New York Times yesterday? | ||
| Just the New York Times. | ||
| Let's get that cover up. | ||
| By the way, I want to thank Birch Gold. | ||
| Now more than ever, get Phillip Patrick, go to burstgold.com slash Bannon, get Phillip Patrick on the team, on the phone, and start asking them about precious metals as a potential part of your portfolio. | ||
| Particularly your 401k, your retirement, your IRA, all that. | ||
| And just ask them. | ||
| Why the central banks of the world are buying gold at record rates, except for the United States of America, which is working on a central bank digital currency. | ||
| If you look at the New York Times yesterday, we got that up. | ||
| The centerpiece is you, this audience, and they're still freaked out about the hammer you dropped on the speakers. | ||
| Race, right? | ||
| And that was all about the spending. | ||
| But if you go around clockwise, the first, the column, the lead source is Ukraine. | ||
| That's where you've jumped in and said, no more money for Ukraine, and they're freaked out about it. | ||
| You go clockwise to the bottom, that's debt. | ||
| That's where they're saying, hey, that's really, you know, odd. | ||
| We really can't, you know, it's interesting, we can't, this is a big new, this is a huge problem. | ||
| We just noticed this. | ||
| You haven't. | ||
| That's what this whole fight's been about. | ||
| You've led that. | ||
| You're the tip of the spear on that. | ||
| You're the stability factor. | ||
| Not the sower of chaos. | ||
| You're the kulaks. | ||
| You're bringing the stability. | ||
| And then you go all the way around. | ||
| It's Biden on the border. | ||
| Oh my gosh. | ||
| Border, debt, Ukraine. | ||
| Border, debt, and geopolitics, I will say. | ||
| Border, debt, and geopolitics. | ||
| Border is our sovereignty. | ||
| Debt is our sovereignty. | ||
| The geopolitics is all about our sovereignty. | ||
| It's about our sovereignty and you as American citizens being the sovereign. | ||
| We broke off from the British Empire because we didn't want to be beholden to a worthless land landed aristocracy and monopolistic power as personified by the crown giving monopolistic power to places like the British East India Company. | ||
| Oh, which I might add from the beginning of the show, were the geniuses that worked with the Crown to come up with, wait for it, the opium wars. | ||
| They're the ones that, they're the ones that, they were the trading company when the Chinese said, hey, we saw your goods and, yeah, they're not for us. | ||
| Not for us at this time. | ||
| That's when they shipped the opium in there. | ||
| They said, we'll suck on this. | ||
| You people like this? | ||
| That's the whole fentanyl. | ||
| That's, that's the chemical warfare. | ||
| That comes at the border, the beginning. | ||
| We have hundreds of combat divisions. | ||
| Hundreds of combat divisions. | ||
| In our country right now, from the invasion of the southern border, think about if you were sitting in a room in World War II, and you had MacArthur, and you had Patton, and you had Nimitz, and you had, you know, Hap Arnold or Curtis LeMay, who was a relatively junior general, but you had LeMay. | ||
| I throw in General Marshall, Eisenhower, maybe some guys I'm not fans of, like Marshall. | ||
| He had him in a room and he said, you know, we're doing this thing, and oh, by the way, up through the southern border is going to come a hundred combat divisions. | ||
| The reason we were in World War I was not simply the Lusitania and Wilson pushing it, but was what happened on the southern border when they caught the Zimmerman telegram from the Germans down to Mexico to use the southern border as a place to invade the United States of America. | ||
| This was Pancho Villa. | ||
| In general, Blackjack Pershing, before we deployed on the American Expeditionary Force to France, he went down and spent months chasing Pancho Villa, because Pancho Villa had come up and invaded the United States in, what, Columbus, New Mexico, north of the border. | ||
| The Germans were thinking about this the whole time. | ||
| The Japanese were thinking about it back in the teens, using Mexico as a launching place in the southern border for an assault into the United States of America. | ||
| We're being invaded. | ||
| We're being invaded. | ||
| Did McHenry send a tweet out on that? | ||
| Have you seen everybody give lip service to all the Southern board? | ||
| Is Mayorkas impeached? | ||
| Is he gone? | ||
| Did they cut the fundings off for these guys? | ||
| Have they done any of it? | ||
| And now they got letters out and what they want to do is the whole process. | ||
| They want to be secret. | ||
| Just say, hey, treat us like we're big boys and girls. | ||
| Let's see the whole thing. | ||
| Let's see it all. | ||
| What do you got to hide? | ||
| You represent the people. | ||
| People want to see it. | ||
| The people want to see it. | ||
| I know you're getting that feedback in your town halls this weekend, when you're backing your districts with the town halls. | ||
| Oh, you're not doing town halls? | ||
| In fact, somebody told me Garrett Graves, I was looking in the chat, over at Getter, where I read the comments, and people were saying, well, Graves doesn't do town halls, he gets on these Facebook live videos or whatever, Cosmo Man. | ||
| Yeah, I don't think he wants to hear, you know, with the bark on, what folks have to say. | ||
| They're trying to do it up here. | ||
| And you're going to have to come in and be a hammer. | ||
| That's going to be, we're working over the weekend, and that's going to be your task and purpose. | ||
| You have a lot of work to take. | ||
| You never take a day off, but definitely get some rest over this weekend, because next weekend is going to be quite nasty. | ||
| Remember, you're the agents of chaos. | ||
| Hillary Clinton says you need to go to a camp and be deprogrammed. | ||
| You need a formal deprogramming. | ||
| So for all the people I've laughed at, Including, you know, my beloved sister, Mary Beth, and I have Mary Beth and I have another wingman who are always six months ahead of me, sending everything from these sites. | ||
| I go, that's ridiculous. | ||
| That's not true. | ||
| And of course, six months later, it's absolutely true. | ||
| For everybody I've laughed at, in their face, about the FEMA camps. | ||
| I'm just saying, Hillary Clinton's sitting there and she's got that look like she knows what she's talking about, right? | ||
| They need to be formally deprogrammed. | ||
| Dave Brat, I'm gonna let you go, but brother, this monster, Damocles' sword over the American Republic is 33 trillion, and like a ticking time bomb, it gets bigger every day. | ||
| And now we're gonna scramble, and they're up here right now, and they're giving you happy talk, and misdirection, and, you know, they're sending out America's, yes, America stands with Israel, however, it ain't like the old days. | ||
| And that ain't like the old days. | ||
| There's gotta be an accounting for this. | ||
| Not just gonna blindly jump in there. | ||
| Gotta be an accounting of this. | ||
| Where did the money go? | ||
| We send you billions of dollars. | ||
| How'd you get caught sleeping? | ||
| Uh, you know, what's going on? | ||
| And Netanyahu's no friend of MAGA. | ||
| He's spitting Donald Trump's face. | ||
| Donald Trump's too classy to say that. | ||
| So we'll go to the people that don't mind saying it. | ||
| He spit in Trump's face. | ||
| He couldn't wait to get to a microphone to bury Trump when Murdoch and these guys helped steal the election. | ||
| He couldn't wait to spit in Trump's face. | ||
| And President Trump's too classy an individual and too nice a man to say that. | ||
| Dave Brat, your thoughts on debt before we let you go. | ||
| Yeah, well, Santelli's on the mark, and I didn't go into the full detail, but the Federal Reserve still has $8 trillion on its balance sheet, right? | ||
| So they're selling $1 trillion right now. | ||
| That's causing this pain. | ||
| In addition to that, CBO has us doing deficit spending of $20 trillion in the next 10 years. | ||
| So we're doing $7 trillion a year budgets. | ||
| That's $70 trillion in spending. | ||
|
unidentified
|
and then $20 trillion in deficit spending, where the Treasury also has to sell bonds. | |
| Hang on. | ||
| So you've got $8 trillion more to go on the Federal Reserve side. | ||
| You've got $20 trillion in the future of Treasury sales for deficit spending. | ||
| That's a ton of money. | ||
| It's a constant refinancing. | ||
| This year we get 8 trillion. | ||
| The reason we're telling you these numbers is because it's quickly spinning out of control and they know it. | ||
| It's quickly spinning out of control and they know it. | ||
| I may have to hold you. | ||
| What you just said about CBO. | ||
| Remember, Garrett Graves and McCarthy's guys cut the best deal. | ||
| Remember? | ||
| Oh, we saved trillions of dollars. | ||
| That's all femoral out in the out years. | ||
| Nobody believes that. | ||
| The CBO just gave you the hard numbers. | ||
| It's two trillion a year in perpetuity. | ||
| Let me repeat that. | ||
| It's two trillion dollars a year minimum in perpetuity. | ||
| Unless you grow a set now and have to face reality and make some tough calls, I'm going to have some people saying bad things about you. | ||
| Because you're taking away, you're taking, you're not Santa, you're the anti-Santa Claus. | ||
| This is going to be, do you think this is going to be easy? | ||
| Do you think it gets, is it going to get easier the longer we wait? | ||
| Do you think that's going to happen? | ||
| If you have an addiction, and we're addicted now, if you're an addiction, does it get easier by taking more of it? | ||
| And I'll deal with it years from now. | ||
| Brett, what's your social media? | ||
| I want to thank you for hanging with us today. | ||
| I'll get you back on next week doing more detail about this. | ||
|
unidentified
|
Yep. | |
| Brat Economics and all the charts are there. | ||
| Brat Economics on Getter. | ||
| We've been in a three-year conversation on this. | ||
| The War Room's leading it. | ||
| The New York Times needs to get educated. | ||
|
unidentified
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Gotta watch the War Room. | |
| Thank you, brother. | ||
|
unidentified
|
Bet. | |
| Focus. | ||
| In the land of the blind, the one-eyed man is king. | ||
| The southern border. | ||
| The death bomb. | ||
| In geopolitics led by Ukraine. | ||
| Dems the priorities. | ||
| Next in the War Room. | ||
|
unidentified
|
Here's your host, Stephen K. Vance. | |
| The other question that's got to be asked right now, you're spending almost a trillion dollars. | ||
| In fact, we add it all in. | ||
| You're spending over a trillion. | ||
| We're spending over a trillion dollars for defense. | ||
| Are you telling me I'm supposed to believe that American intelligence? | ||
| You know, Stavri is up there running his mouth. | ||
| Oh, we got to give him the assets. | ||
|
unidentified
|
Well, hold it. | |
| Hang on. | ||
| We know everything that moves on the ground anywhere. | ||
| This is a military attack. | ||
| This is not a terrorist attack. | ||
| This is a paramilitary and almost military coordination attack. | ||
| You're telling me American intelligence didn't know this? | ||
| We don't have the satellites? | ||
| Come on. | ||
| Heck, we're giving all the money into God. | ||
| We give the Palestinian Authority all the coin there. | ||
| We got spies up and down the place. | ||
| You're telling me this totally caught us by surprise. | ||
| I'm supposed to believe that. | ||
| I'm supposed to believe this. | ||
| Just like the Russian invasion into Ukraine caught them by surprise. | ||
| Remember, every day they're up there, not going to happen, da-da-da-da. | ||
| They caught the CIA, you know, Brennan and these guys, they lecture us every day. | ||
| Lecture Trump, lecture MAGA. | ||
| Where's that? | ||
| How did the IDF get caught by surprise? | ||
| How did the American intelligence get caught by surprise? | ||
| They're our ally. | ||
| I mean, they're an actual ally. | ||
| They're kind of like UAE, we don't have a lot of them. | ||
| You know, Europe's a protectorate. | ||
| Saudi Arabia, these are protectorates, they're not allies. | ||
| At least Israel tries to do some punching, and Israel should punch back and punch back hard. | ||
| Unleash it, unleash the dogs, let them go, dogs of war. | ||
| Go for it. | ||
| But, it can't be like the old days. | ||
| You know, we have to be allies, we can't be doing their bidding. | ||
| And that's too much of the problem in the Middle East, and right now, and hey, Netanyahu's spitting Trump's face. | ||
| Spitting MAGA's face. | ||
| Everything this movement did for Israel. | ||
| More than any administration ever. | ||
| I'm sure we'll get some incoming of that, and hey, bring it. | ||
| What I care about is that southern border. | ||
| I care about the hundreds of combat divisions that are in this country right now, and I care about the fentanyl. | ||
| Stop calling it a drug. | ||
| It's a chemical warfare attack. | ||
| They hit us with biological warfare with the pandemic, with the COVID-19, and now they hit us chemical. | ||
| It's a chemical warfare attack. | ||
| That's what it is. | ||
| And they're making a ton of money off it. | ||
| And you see that it was McHenry's first tweet, America stands with her citizens. | ||
| I would have liked to have heard that. | ||
| That's what I'm interested in. | ||
| Because if you sort that out, all the rest will sort itself out. | ||
| It will. | ||
| But that's not where we're at. | ||
| We're the exact opposite. | ||
| And they're just the... The Republican Party is just the Washington Generals to the Democrats Harlem Globetrotters. | ||
| The Democratic apparatus, that part of the United Party, wins all the time. | ||
| And the Republicans win when they want them to win. | ||
| You know, like every 10th game. | ||
| If you remember going to the old Globetrotters games. | ||
| Or maybe, I think it was every 100th game. | ||
|
unidentified
|
Let's play. | |
| I want to show you what our elites... This is what they really think of people. | ||
| Can I go ahead and play the clip? | ||
| And then I want to bring in our special guest. | ||
|
unidentified
|
Poor Mr. Pillow. | |
| I know. | ||
| You know, he didn't learn the lesson that my grandfather taught me. | ||
| He said, Joey, if you're going to start a business, Selling lumpy pillows. | ||
|
unidentified
|
You shouldn't sell lumpy pillows. | |
| No, but my granddad said, but if you are. | ||
|
unidentified
|
Yeah. | |
| So just make sure at the same time, you don't spread a lot of conspiracy theories and try to do your part to overturn American democracy. | ||
|
unidentified
|
That's a bad mix. | |
| That was one thing. | ||
| He told me that was like number two. | ||
|
unidentified
|
Number one was don't go swimming right after a big meal. | |
| So there are a lot of things. | ||
| These are some basics, right? | ||
|
unidentified
|
Yeah. | |
| Willie's grandfather told him the same thing. | ||
| These are just some basics. | ||
|
unidentified
|
You do it, you either get cramps or you go bankrupt. | |
| Yeah. | ||
| I mean, come on, Willie. | ||
|
unidentified
|
Does this guy not have a granddad telling this stuff? | |
| And during the 30 minutes you wait between the meal and the swimming, don't call for martial law during a presidential election, that kind of stuff. | ||
| So Mike Lindell, they're mocking your phone operators, they're mocking the people working on the factory floor, they're mocking the employee-owned company of MyPillow, and they're particularly mocking you, sir. | ||
| What say you? | ||
| Well, it's been interesting this last few days. | ||
| All of the media called me. | ||
| I took over 26 interviews. | ||
| And by the way, they brought up the War Room and you, Steve, many times in there. | ||
| A couple of things. | ||
| Yeah, you're spreading your conspiracy theories and you're still fighting to secure our elections. | ||
| And you only have one platform out there that's given you a voice. | ||
| And I said, you know what, and I'm going to say this to the War Room Posse, they are the number one source of keeping MyPillow this last week secure. | ||
| The support has been absolutely amazing. | ||
| I want to bring up one thing, Steve, when you talk about the media. | ||
| Obviously, it's by them getting the word out that, yes, we've been hurt so bad by this lawfare and everything else. | ||
| It's an attack on MyPillow, the last dog, basically. | ||
| two and a half years. But there's a couple outlets out there that went completely silent on this news. One of them being Fox News, the other being Newsmax. Would this be news in a normal time we're in that, hey, that my pillow, that they're attacking my pillow and have been attacking them? It's really sad state we're in. And then you have the other outlets, like you just seen there, mocking my pillow, which is the most comfortable pillow you'll ever see. | ||
| Why don't you, why don't you, you go hang up, you're going, you're going through your struggle session. Why don't you just say no moss and just throw in the towel, just throw in the towel. You got to face a brutal reality. Here's the brutal reality. The machine companies are winning. I hate, I know the audience is going to freak out, but I'm just giving you as a matter of fact. | ||
| Well, they can sit there and think they're winning in the courts. | ||
| The courts are a big deflection to push it past the 2024 election. | ||
| That's all it's been, everybody. | ||
| and think they're winning in the courts. | ||
| The courts are a big deflection to push it past the 2024 election. | ||
| That's all it's been, everybody. | ||
| Let's use this law fair. | ||
| Then at 2025, say, oh, you know what? | ||
| We're sorry. | ||
| It was all big frivolous lawsuit. | ||
| But we're winning now. | ||
| We have the plan to secure these elections. | ||
| Go to LyndaleEvent.com. | ||
| Check it out over there. | ||
| We're winning right now. | ||
| We have hundreds of thousands of people on the ground going across every county in this country I have where we're getting rid of these electronic voting machines, going to paper ballots, hand counting. | ||
| We will never stop. | ||
| The media, every one of them, say, no, are you going to stop talking like this? | ||
| Are you going to stop fighting? | ||
| I'm going, ah, no. | ||
| Are you going to make a deal? | ||
| No, there is no deal. | ||
| We are going to go on this. | ||
| I'm going to go no matter what until our elections are secure. | ||
| I will never stop fighting. | ||
| I want to hang on. | ||
| Hang on. | ||
| I want to pivot to the company and make sure the posse knows what to do. | ||
| I just want to make sure we understand where you're coming from. | ||
| You're prepared to take this to the bitter end, even if that means the bankruptcy and liquidation of my pillow, sir. | ||
| We don't have a country if we don't win this, everybody. | ||
| So, you know what? | ||
| My employees, everybody understands that, and they're counting on you and the War Room Posse, and you guys have come through. | ||
| And all of the products are MyPillow 2.0. | ||
| It's been amazing the last three days and with the pouring out of support. | ||
| We've got the, if you go to MyPillow, go to that square with Steve's face on it there, War Room, and you get in there, you get specials nobody else gets. | ||
| This is a lot of exclusive specials. | ||
| MyPillow, this one right here, $39.98. | ||
| The king size is $5 more. | ||
| Slippers are on sale. | ||
| The towels, the best towels in history. | ||
| $39.99. | ||
| Get all your Christmas gifts now. | ||
| This is the time we need support and you can help yourself to the best products ever. | ||
| That MyStore there, everybody, you guys have hit that great too. | ||
| These are USA products and entrepreneurs. | ||
| They're all getting hit hard during this, you know, because we've lost, you know, we've lost all the box stores, so we can't get their products in too. | ||
| And then you have the 80% off sale. | ||
| These are items we're clearing out to make room for the manufacturing, to add more jobs to our manufacturing, where we make the MyPillow Mattress Topper 2.0. | ||
| You turn any bed into the best bed ever. | ||
| And if you want to get the bed, the MyPillow bed, we have technology no one else has. | ||
| It's technology that helps you get the best sleep ever during these times. | ||
| People say all the time, Mike, how do you have so much energy and stuff? | ||
| You don't get a lot of sleep. | ||
| But when I do get, it's quality. | ||
| It's the best sleep ever. | ||
| And everybody needs that right now. | ||
| We're in a battle of biblical epic proportions, and we are going to win this. | ||
| And I want to thank all of you out there for helping. | ||
| Remember, use that promo code War Room. | ||
| Go to MyPillow.com. | ||
| And Steve, if you have that number, those home reps, those home sales reps, they thanked everybody from you guys. | ||
| They're staying busy now. | ||
| There's not across the country when you guys call in for these specials. | ||
| I don't have the number on me. | ||
| I don't know if you have it, Steve, there. | ||
| I have it. | ||
| I have it. | ||
| I have it right here. | ||
| I'm really taking on my pillow. | ||
| The new vice chairman of my pillow. | ||
| Stephen came in just kidding. | ||
| 800-873-1062. | ||
| That'd be 800-873-1062. | ||
| Make sure you use the promo code Warren, but call there and talk to the rep. | ||
| Keep those reps busy. | ||
| Let's make sure that they have jobs, even though the IRS is coming after them and Mike Lindell. | ||
| Mike, thank you very much. | ||
| I'm gonna bounce out to Waterloo. | ||
| You get back to work. | ||
| Remember, our focus is having your guys back, Mike, and we greatly appreciate That you're a fighter and not going to back down. | ||
| And I'm telling you, the odds look very long, but hey, that's why people love you. | ||
| You're a long odds guy. | ||
| As I remember reading your bio, you're a long odds guy and your whole life has been long odds. | ||
| So I think you're in the right place with the Lord and go with God. | ||
|
unidentified
|
God bless you. | |
| Is he still there? | ||
| Thank you, everybody. | ||
| We're going to get through this. | ||
| It's going to be amazing. | ||
| We thank the War Room posse. | ||
| God bless you all. | ||
| Thanks, brother. | ||
| Talk to you after the show. | ||
| Mike Lindell, 800-873-1062 or MyPillow.com, promo code War Room. | ||
| Let's go to Waterloo, Iowa. | ||
| President Trump, has anybody you ever met work harder than Trump? | ||
| Is anybody all over the country going to rallies? | ||
| They got him in court. | ||
| Remember, they're trying to liquidate his company. | ||
| He's worked his entire life and his dad. | ||
| They're trying to liquidate the billions and billions of dollars company. | ||
| They got him all this, all this stuff. | ||
| And he's out in Waterloo today. | ||
| Ben Berquam, we have any war room posse out there? | ||
| Yeah, we got that. | ||
| Do we have any war room posse out here? | ||
| Steve, we've got an amazing crowd. | ||
| Let me just show you over here. | ||
| Waterloo, first rally of the day. | ||
| President Trump's going to be heading to Cedar Rapids afterwards. | ||
| The line goes all the way down there, goes around the corner, wraps around. | ||
| But we got the best people right here. | ||
| We have a whole family, six kids. | ||
| Tell me your name. | ||
|
unidentified
|
Jennifer Torres. | |
| Jennifer Torres. | ||
| And how old are your kids from youngest to oldest? | ||
|
unidentified
|
We are aged 5 to 16. | |
| Six kids? | ||
| Yep. | ||
| And you're spending your Saturday coming out to see President Trump? | ||
|
unidentified
|
No doubt about it. | |
| We are so thrilled that he has come to Waterloo, Iowa to support us, and we're supporting him. | ||
| It's a whole family affair. | ||
| What are the most important issues for you? | ||
|
unidentified
|
Oh, man. | |
| Here they come! | ||
|
unidentified
|
Look at this, Steve! | |
| Look at this! | ||
| Come on now! | ||
|
unidentified
|
It's the Save America Tour, right? | |
| And we feel it all the way. | ||
| Most important, immigration. | ||
| It's a concern. | ||
| We want safety and security for our kids. | ||
| We want freedom. | ||
| We want faith. | ||
| School choice. | ||
|
unidentified
|
And jobs for the American people, not the illegals. | |
| It's pretty simple, huh? | ||
|
unidentified
|
Absolutely it is. | |
| I love it. | ||
| Well, God bless you, Shawn, right here. | ||
| And let me get, you know, we got a worker over here. | ||
| First rally. | ||
| Tell me your name. | ||
| But huge, huge Steve Bannon supporter. | ||
| You're on with Steve. | ||
| What do you want to tell him? | ||
|
unidentified
|
Hi, Steve. | |
| We love you. | ||
| Yes, I'm with the press. | ||
| I'm not with the press. | ||
| Oh, gosh. | ||
| I'm checking them in. | ||
| So I got to get back to my job. | ||
| But we love, I'm part of the posse. | ||
| We love you guys. | ||
| Thank you for everything. | ||
| You're a patriot. | ||
| Keep fighting. | ||
| We love Mike Lindell as well. | ||
| He was just on. | ||
| Mike was just on. | ||
| All right, Steve. | ||
|
unidentified
|
Shout out to Midnight Rider. | |
| That's where we get a lot of our content. | ||
| Carly Bonet. | ||
| Carly Bonet. | ||
| Ben, you hang on. | ||
| We're going to come back. | ||
| We're going to talk to more folks out there. | ||
| See, this is why we're winning. | ||
| We're winning. | ||
| We're ascendant. | ||
| You see that crowd out there? | ||
| Did all the Keebler elves combined in all the times they've been in Iowa? | ||
| Matched that line. | ||
| Think about it. | ||
| This is not a race. | ||
| Of course, the RNC's got another five primary debates lined up with the broadcasters. | ||
| Maybe you call over there to Rana and tell her what a great job she's doing, helping try to destroy President Trump. | ||
| Look at those patriots right there. | ||
| That's the present and the future of this republic. | ||
| Next, in The War Room. | ||
|
unidentified
|
Here's your host, Stephen K. Batt. | |
| I want to thank Birch Gold. | ||
| We're going to be doing a lot of capital markets, tying it to this fight. | ||
| Hearns just dropped out of the of the speaker race. | ||
| We're going to be up all weekend. | ||
| You got two big rallies. | ||
| We're going to live stream Grace Moses up at West Point this weekend. | ||
| But Grace Jane, the rest of us will be working. | ||
| I actually may do an update. | ||
| I'll work with Grace maybe tomorrow afternoon. | ||
| About where the Speaker's race is, particularly this situation with no transparency. | ||
| So I'll be all over that. | ||
| Thank Birchgold. | ||
| Go there, check it out. | ||
| The world's about to go through a massive margin call. | ||
| It ain't going to be pretty. | ||
| So you want to get ahead of it. | ||
| Call birchgold.com slash Bannon. | ||
| Get on the phone with, go there, check out everything you have, all the free information. | ||
| Get Phillip Patrick and the team up there. | ||
| Also want to thank HomeTidalLock.com. | ||
| Remember, with rates where they are, you're not taking a second mortgage to fix the kitchen. | ||
| But guess who's looking at that $6 trillion of equity that American homeowners have in their houses? | ||
| That would be cybercriminals. | ||
| And you're thinking of how they can take out a second mortgage. | ||
| Go to HomeTidalLock.com. | ||
| Also, get ahead of any medical emergency with your medicines. | ||
| Go to JaceMedical.com and check it out. | ||
| Do not be caught by surprise. | ||
| You already know the Chinese Communist Party controls all the supply chains, particularly for active pharmaceutical ingredients. | ||
| Don't be a sap. | ||
| Get in front of it. | ||
| JaceMedical.com. | ||
| Let's go back to Waterloo, Iowa. | ||
| The War Room Posse with our own Ben Berquam. | ||
| Ben, take it away. | ||
| Hey, Steve. | ||
| Okay, I just want to show you one thing here, too. | ||
| We got first-timers. | ||
| This is the amazing thing. | ||
| You come to these Trump rallies, you think everybody's had to been to one, but no, Steve. | ||
| We got new people coming, young people coming. | ||
| Tell me your name. | ||
| How old are you? | ||
|
unidentified
|
Jillian, and I'm 13. | |
| 13. | ||
| First time Trump rally? | ||
| Yes, here. | ||
|
unidentified
|
Ashlyn, I'm 18. | |
| 18. | ||
| Ashlyn, first Trump rally? | ||
|
unidentified
|
Yeah. | |
| All right. | ||
|
unidentified
|
I'm Cassie, I'm 19. | |
| Cassie, 19. | ||
| First time Trump rally. | ||
| Amazing. | ||
| And? | ||
|
unidentified
|
Crystal. | |
| Sister? | ||
| Mother. | ||
| And first time Trump rally. | ||
|
unidentified
|
Definitely. | |
| I love that. | ||
| All right, let me come down the line here, guys. | ||
| All right, sir. | ||
|
unidentified
|
Dan Detweiler. | |
| And first time Trump rally. | ||
| And I'm here to support Trump. | ||
| And the border is one of my main issues. | ||
| And food prices. | ||
| That's it. | ||
| Iowa, you guys grow the food that America eats and they want to shut you down. | ||
|
unidentified
|
Exactly. | |
| Are you worried about cow farts? | ||
|
unidentified
|
No, not really. | |
| AOC, they're not worried about cow farts out here. | ||
|
unidentified
|
I grew up on a farm, so no. | |
| All right, let me keep coming down the line. | ||
| Raise your hand if this is your first rally. | ||
| First rally, first rally, first rally. | ||
| Look at this, look at this. | ||
| All right, Steve, we got some War Room Posse members over here. | ||
| Let me talk to these guys. | ||
| Greg, Yeah. | ||
| Shout out to Steve. | ||
|
unidentified
|
Action, action, action. | |
| Here to support Trump. | ||
|
unidentified
|
Close the borders. | |
| Put God back in schools. | ||
| Make America great again. | ||
| And now let me ask you, you're a Trump supporter, but this is still your first rally. | ||
| What took you so long? | ||
|
unidentified
|
It's difficult finding time to get away. | |
| Trump supporters are workers, guys. | ||
| Trump supporters are workers. | ||
| They got lives. | ||
| They got jobs. | ||
| They're not paid activists. | ||
| All right, sir. | ||
|
unidentified
|
Glad to be here and support Trump all the way. | |
| He's the only one with the capability to turn our nation around, especially as bad off as it is at this point. | ||
| Amen. | ||
|
unidentified
|
We definitely got to have him back. | |
| God bless you. | ||
| All right, ladies. | ||
|
unidentified
|
It's all about Trump. | |
| It's the only hope. | ||
| It's the only one that'll do it. | ||
| We couldn't miss it this time. | ||
| Yeah, Steve calls them the Keebler elves. | ||
| You're not up with any of the other guys that are up on stage? | ||
|
unidentified
|
No, it's just a waste of time. | |
| President Trump works for God. | ||
| And God is all about America. | ||
| And God is the one that's going to save America. | ||
| But actually, he's using President Trump as one of his tools. | ||
| So that's why we support President Trump, because he works for God. | ||
| Amen. | ||
|
unidentified
|
Actually, my second time I saw Trump in 2016, February, in Waterloo, Iowa, when he was just getting started. | |
| And he's my president and will always be my president. | ||
| Alright, let's keep coming down the line. | ||
| Alright folks, where are you from? | ||
| What's your name and where are you from? | ||
|
unidentified
|
I'm Elaine Sewell from Eagle Center, Iowa. | |
| How many Trump rallies? | ||
|
unidentified
|
First one. | |
| First one! | ||
| This is amazing. | ||
| See, I think there are more first-timers here. | ||
| You know, you think about this, and it's like, the left wants you to think that MAGA is declining, is decreasing. | ||
| MAGA is growing. | ||
| What do you guys think about the attacks on President Trump? | ||
| Are they making you support him less or more? | ||
| More. | ||
| More. | ||
| What do you guys want to hear from President Trump? | ||
| What's the number one issue? | ||
| Top issue. | ||
| Top issue. | ||
| Economy? | ||
| Border? | ||
| What matters to you guys? | ||
|
unidentified
|
Economy. | |
| Economy. | ||
|
unidentified
|
Big time. | |
| Economy. | ||
| So I've interviewed probably 40 people since I got here, Steve, and what's shocking, you come to Iowa and you think, ah, it's farming, it's agriculture, it's, you know, it's gas prices. | ||
| The number one issue that I've heard down here is still the border. | ||
| As they're allowing our border to be invaded, You come to Iowa, it's the border. | ||
| It's the border, it's the border, it's the economy. | ||
| It's three issues. | ||
| The border, it's the economy, and it's election integrity. | ||
| Bob, Ben, real quickly, I want to know the Real America Voice schedule right now. | ||
| Grace, you and I will work afterwards. | ||
| We'll be up on Getter. | ||
| But the Real America Voice schedule, when is it? | ||
| What is it today for Trump? | ||
| We're going to be live, so we're live at 2 p.m. | ||
| Eastern. | ||
| I'm actually heading right from here, Waterloo. | ||
| President Trump's going to be speaking at 1.30, I believe, and I'm heading straight over to Cedar Rapids, and we'll be live over there at 5 o'clock Eastern. | ||
| 2 o'clock Eastern, RAP starts live coverage. | ||
| We're going to be up on Getter. | ||
| By the way, you tell everybody out there we love them and we've got their back, and I am stunned by the number of first-timers. | ||
| Steve loves you! | ||
| He's got your back! | ||
|
unidentified
|
Ladies and gentlemen, signal. | |
| That's it. That's it. Wisdom. | ||
| That's it, wisdom. | ||
| There was more wisdom in that four minutes than you hear all weekend on cable television. | ||
| That's Vox Populi. | ||
| Billy Joe Shaver is going to take us out. | ||
| We're going to be up on Getter and Rumble all weekend. | ||
| We'll see you back here in the War Room live, 10 a.m. | ||
|
unidentified
|
Monday morning. | |
| We'll see you back here in the War Room live, 10 a.m. | ||
| Monday morning. | ||
| I could see my loved ones weeping as they lured me No words were spoken over me. | ||
| I almost thought I died. | ||
| Then I knew I wasn't dead. | ||
| I had been buried alive. | ||
| And I said, Get thee behind me, sin, for I command it. | ||
| In the name of the Lord Jesus Christ of Nazareth, the end. | ||
| Get thee behind me, sin, for I command it. | ||
| Jesus Christ! | ||
| I couldn't see my hand in front of my face. | ||
| I knew that I was buried in the deepest, darkest place. |
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