Oct. 27, 2023 - Bannon's War Room
48:52
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| Speaker | Time | Text |
|---|---|---|
| This is the primal scream of a dying regime. | ||
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unidentified
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Pray for our enemies. | |
| Because we're going medieval on these people. | ||
| I got a free shot on all these networks lying about the people. | ||
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unidentified
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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 line? | ||
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unidentified
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MAGA Media. | |
| I wish in my soul, I wish that any of these people had a conscience. | ||
|
unidentified
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Ask yourself, what is my task and what is my purpose? | |
| If that answer is to save my country, this country will be saved. | ||
|
unidentified
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War Room, here's your host, Stephen K. Bannon. | |
| Hey, Peter Knavaro in for the admirals, giving a big speech in one of my favorite states, North Carolina, tonight. | ||
| We have a big show for you over this hour. | ||
| My mission is going to take some work on your part. | ||
| My mission today is to help you protect your job. | ||
| And help you preserve your wealth in a time where just today, I don't know if anybody was noticing, we had the beginning of what is likely to be an even more significant stock market crash. | ||
| And we need to understand why that is happening and how you can protect yourself. | ||
| We're also going to talk a lot On the second part of the show, about the Mike Johnson agenda, big news this week, new house speaker, as you know. | ||
| The question is, what does he need to do? | ||
| What should he be doing? | ||
| And I also want to talk about the Gaza terror tunnels in parallel to the historical parallel in the Vietnam War. | ||
| To really, once you understand the Gaza terror tunnels, you understand Why this new conflict is going to be with us in a very dangerous way for a very long time. | ||
| So before I get started on the the economics and stock market, though, I got to congratulate Stephen K. Bannon, but but most importantly, his audience, you the posse, the likelihood of Mike Johnson winding up as Speaker of the House was near zero a few weeks ago. | ||
| And it was a long and winding path. | ||
| No one in this swampy town here is happier than I am to see Kevin McCarthy sidelined. | ||
| And I hope he does the Japanese version of what dishonored people do in America, which is resign from his seat, never to be heard of again in this town. | ||
| Although I'm sure he'll come back to haunt us like jockage who is a lobbyist. | ||
| He was a bad man, Kevin McCarthy. | ||
| He lied, cheated his way up the ladder. | ||
| He betrayed us, and he's left us with some very significant economic problems. | ||
| It's going to be very hard. | ||
| To recover from and you know, we went through the Jim Jordan. | ||
| We went through Steve Cleese and all that but but Johnson, I never bumped into him when I was in the White House personally, but by all accounts, he's a decent honest man and is pure MAGA as they get so we'll talk a little bit about that later on. | ||
| But the only reason why is there the only reason is because of you. | ||
| Because of the calls you made to the swamp to make sure that we didn't wind up with an alternative like Emmer or others who would clearly not have been very good. | ||
| So I salute you and the Admiral. | ||
| The power of this show is it's really to be part of this show. | ||
| Uh, as a posse or as somebody who has the honor of guest hosting once in a while is really quite something. | ||
| I mean, you look at the landscape of the media. | ||
| There's not really a lot of alternatives out there to get the good, hard, real truth. | ||
| I mean, you have the CNNs and MSNBCs on the left and the visual arts, as it were. | ||
| You've got the New York Times, the Washington Post, USA Today, all have their own version of the liberal agenda and certainly The Wall Street Journal has gone over to the Murdoch Doc side because he owns the paper and it's never Trump. | ||
| So it becomes a real struggle to get the real truth. | ||
| So I count the war room at the top of the food chain in terms of the kinds of folks Steve gets on and what I find amazing about Stephen Cade Bannett is not just really good experts he gets on, people like Russ Vaux or Dave Walsh or Philip Patrick, but he finds people | ||
| Out in the grassroots who have important truths to speak and missions to accomplish and he gets them to you and you hear their point of view. | ||
| So big week in MAGA, big week for the Posse, big week for the War Room, big week for America. | ||
| All right, let's talk about the mission here today. | ||
| Which is to help you protect your job and preserve your wealth and you might be 17 years old listening to this show. | ||
| You might be 70 and anything in between but you do have an economic stake in this nation that you have to deal with likely on a daily basis unless you hit the lottery. | ||
| If you're on the older side, getting ready to retire or are retired, your nest egg, as it were, is under siege from the Biden inflation. | ||
| If you're younger, trying to move up in the job market, And the like your wages are certainly under siege from the inflation from Biden, but if I'm right. | ||
| There is likely to be a significant recession coming which is a game of musical chairs at every business where some people are going to lose their job and you have to figure out whether that might be coming and if it is take appropriate. | ||
| Protections and so how do you do that? | ||
| I spent I spent the better part of my professional career at the University of California Irvine at the business school and part of what I did for a very long period of time was a weekly market and economy newsletter. | ||
| The idea was to handicap what was going on. | ||
| In my view is that there's a like a synergy between the two. | ||
| I mean, if you can figure out what the stock market is telling you about the economy, you can better predict whether there's going to be a recession or a boom or something in between. | ||
| And if you carefully watch the economy, you can kind of figure out The direction of the stock market and note that this view is this totally contrary to the Wall Street rhetoric that lures you in often to debacles. | ||
| This is the random walk theory. | ||
| It's the idea that nobody can predict which way the stock markets going which way the bond market is going. | ||
| And the seduction of that intellectually bankrupt theory is that it gets you to take your money and put it in index funds and forget about it. | ||
| Just put it in there, be a passive investor, and they'll pat you on the head and say, don't worry. | ||
| We've seen that every 10 years it'll increase by a nice amount. | ||
| And don't worry about whether stocks fall. | ||
| But the major hedge funds, they don't play that game. | ||
| They short when the market's in the downward trend. | ||
| They go long when it's in an upward trend. | ||
| They get the hell out when it's kind of sketchy and kind of a 50-50 bet. | ||
| And they let you stay in and lose your money. | ||
| And that's the money they make. | ||
| And I've always thought that it was important for you As a retail investor is or is just somebody who's out in the job market exposed to these economic and financial market risks to better understand that environment and it's worth taking the time. | ||
| To watch the markets watch the economy every day. | ||
| It doesn't take a long time. | ||
| He's been 10 15 minutes. | ||
| They just look at the financial news. | ||
| And if you kind of know what to look for you begin to get a feel for it. | ||
| And so I've recently started back. | ||
| Doing this this weekly economy and market rap. | ||
| It's at my substack. | ||
| Oh, it's the peternevar.substack.com, peternevar.substack.com. | ||
| What I do every Friday is kind of do a market summary. | ||
| And at the end of that, I always tell you what I said. | ||
| I'm not giving you financial advice per se, but I tell you what I believe the market trend is and what I think should best be done with my money, for example. | ||
| And so PeterNovar.Subzak.com. So back in July, I started this, and one of my first misses basically talked about the various market risks posed by Bidenomics. | ||
| and At the time, the stock market was defying expectations. | ||
| It was in a bullish But I saw that bullish uptrend kind of as a magic trick, as a levitation. | ||
| It was basically a function of all the overspending, the irresponsible fiscal spending that was jamming a lot of money into the economy. | ||
| The money had nowhere to go. | ||
| The bond market was in a long, prolonged crash. | ||
| And so the stock market was benefiting, in my judgment, artificially from that. | ||
| Yet you could see all these kind of storm clouds out there. | ||
| And so my counsel at the time, The safest thing to do at the time was cash. | ||
| Cash is king, one of my favorite expressions. | ||
| And when I said cash, what I meant was you're going into the short-term safe treasury securities that you can get at the 5% yield. | ||
| So instead of running the risk of losing 5, 10, 15, 20, 30 percent in the stock market, in these times, the idea was like, hey, just cash and get your guaranteed return. | ||
| And so what I've been doing every week, peternevar.subzak.com and these market wraps on Fridays, is putting out Kind of a running commentary on what was happening each week in the market. | ||
| And if you can, Denver, let's throw that chart up there now, which will show kind of what's going on with the S&P 500. | ||
| Looking for that chart. | ||
| Denver, are you there, brothers? | ||
| Not seeing the chart. | ||
| All right, there we go. | ||
| We got the chart there. | ||
| Okay, so when I talk about the stock market, In the United States, I'm talking about the S&P 500. | ||
| That's the broadest market index. | ||
| It's got all the big cap companies. | ||
| The Nasdaq is kind of the tech-heavy side. | ||
| It's a much more speculative, narrower gauge of the economy. | ||
| And then the Dow Jones Industrial Average, which is What used to be referred to as the market on the TV channels. | ||
| It's not really that it gives you like a false kind of signal. | ||
| It's only 30 stocks and we're not an industrial economy anymore. | ||
| Thanks to China. | ||
| But if you look at this chart, this is a one-year chart, you can see that it peaks, the top of that chart, it peaks about on July 31st, which is about the time I started the newsletter. | ||
| And I started the newsletter, like I said, things looked like they were in a bullish uptrend. | ||
| But if you look at that chart, you can see that it's gone from about 4,600 down to a key support level, which it broke today. | ||
| And so we're going to come back to that chart. | ||
| I'm going to explain the horror that it means for all of us. | ||
| In the meantime, it's Peter K. Navarro in for Stephen K. Banning. | ||
| You are here. | ||
| in the war room and the mission today is to protect your wealth and your job. | ||
|
unidentified
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Here's your host, Stephen K. Bannon. | |
| You're here in the War Room. | ||
| We are talking about today's mini market crash and the wave of things to come. | ||
| But before we do that, I always like to put in a big plug for Mike Lindell. | ||
| Mike Lindell is I mean, this man is being tortured by the weaponized state here in this country. | ||
| And because he has great products, and because of that, we need to support him. | ||
| So mypillow.com, mypillow.com. | ||
| You can always use the code BANNEDSWAROOM, and you'll get great deals. | ||
| But I personally use the pillow. | ||
| I use the towels, I use the sheets, and you should too. | ||
| All right, let's get back down to business. | ||
| Again, this is a heavy lift. | ||
| It's not as sexy as talking about some of the other issues we talk about. | ||
| But it's really at the heart of the matter of your own personal and financial and professional welfare. | ||
| So let's let's see if you can stay with me on this because today was a big day in America that probably went largely unnoticed by most of this country. | ||
| This was the beginning. | ||
| Officially of the market crash of the Biden economy. | ||
| And if you can put that chart back up, Denver, you can see this is before we left the break. | ||
| This is the S&P 500, which is the broad market index of the US stock market. | ||
| And you can see at the top of the chart, The market peaked around July 31, just about at $4,600. | ||
| It fell below $4,200 today, which is a big deal for what's called the technicians, because $4,200 was a key support level. | ||
| Once it went below that, it fell below what's called the 200-day moving average. | ||
| And that means from a technician's point of view that there's likely free fall below there where it's going to have to fall for a while before it finds its next level of support. | ||
| Could be another 10 percent making a total of 20. | ||
| I think it could go as high as 30 percent. And the way you take the chart back off now, the way I want you to think about this again is this is kind of what I teach and taught in the newsletter, peternavar.substack.com. | ||
| It's technical and fundamental analysis that the people on Wall Street use to figure out the best time to be in or out of the stock market. | ||
| Okay, so what are these two things? | ||
| The technical analysis is basically the study of charts and trends. | ||
| So in this case, we have a key moving average breach, the 200-day moving average. | ||
| And you can see from the chart itself, as you draw a straight line through the wavy curve downward, it's a clear downward bearish trend. | ||
| So if you're an investor, you don't want to be on the wrong side of that. | ||
| Uh, and so, you know, there's, there's people on Wall Street. | ||
| That's, that's all they do. | ||
| They just, they just look at charts. | ||
| They could care less about what's going on in the world. | ||
| They believe that the charts reflect what's going on in the world, so they don't need to know. | ||
| But the best folks who do this, the people who make the most money combine technical analysis with what's called fundamental analysis. | ||
| Now the core Wall Street type of fundamental analysis back in the old days is looking kind of just at the company and what their price earnings ratio is, quality of their management and things like that. | ||
| But what I did and had a little bit of role pioneering this kind of thing is take a more macro look at the fundamentals. | ||
| And you can clearly see that when you have like a market trend going down like we have in the S&P 500 and you have a breach of the 200-day moving average, the underlying fundamentals are what led me to my cash call two months ago to begin with. | ||
| And I would say here That the War Room, compared to, say, CNBC, Bloomberg, or Fox Business, does a better job, a better job of handicapping the stock market than those other three networks. | ||
| They're supposed to be the experts in this, but the problem you have with the cable news financial networks is that they have an internal bias towards being bullish. | ||
| The reason is a lot of the advertising support they get are from the companies who don't want to see their stock price go down. | ||
| So there's this built-in bias. | ||
| The other part of the built-in bias on CNBC, Fox Business, Bloomberg Is the fact that a lot of the people who go on those shows are the big money managers, the pension fund managers, the head fund managers, and they all have a vested interest in keeping you, the sucker, the small retail investor, in the market so they don't have to lose money | ||
| With their bigger funds, so you don't get the the real truth from them Steve Steve is I mean he's he's a crack financial analyst He cut his teeth on Goldman Sachs after getting out of the Navy and serving this country And he brings on smart people who who give you the honest truth and the honest truth here is Is that the fundamental situation is the worst I've seen. | ||
| I was four years in the Trump White House with President Trump. | ||
| We had clear economic plan that was structurally based. | ||
| It was strategic energy dominance by drill baby drill, letting the frackers do their thing. | ||
| That gave us the ability to influence Leadership in the oil market pricing. | ||
| Oil prices were at least a third lower on average than they are now, and they keep heading up. | ||
| We focused on, with key war room stars like Russ Vought, on reducing the regulatory burden, the tax burden. | ||
| And my job, of course, Was to level the trading field using things like the Trump tariffs because if you're running big trade deficits, you're basically exporting your production and jobs and that slows your growth as well. | ||
| So we had a clear structural plan. | ||
| What happened was Joe Biden gets in there and through the same kind of executive orders that I helped the president write, he had somebody else writing them. | ||
| I'm doing pretty much everything we did, including the debacle on the border, which is a whole other topic I could spend another hour on if I had it. | ||
| But my point here is that everything that Joe Biden has done through his Bidenomics is creating fundamentals for the U.S. | ||
| stock market that are bearish, that suggest that there's going to be a further market correction as high as 30% or more that will be lengthy. | ||
| It will take Probably years to recover from that, and it's not going to happen if Joe Biden gets a second term. | ||
| Guaranteed. | ||
| Okay? | ||
| Now, what are some of the things that I talk about in the weekly newsletter? | ||
| And again, I want to... I offer this to you free subscription if you want. | ||
| I mean, it's... I'm not trying to make money on you. | ||
| I'm trying to help you protect your wealth, but it's PeterNavarro.substack.com. | ||
| PeterNavarro.substack.com. | ||
| And what I've been doing each week is kind of talking about each of the fundamental problems we're facing. | ||
| So if we run them down, We start with the worst problem, which is the budget deficit we're running that's so far beyond any historical precedent that it's breathtaking. | ||
| As Steve has pointed out on the show, it's not $1.6 trillion, which is a huge number. | ||
| It's over $2 trillion when you really do the math. | ||
| So we're running $2 trillion deficits A year and that's pressing us hurtling towards a fiscal cliff and one of the implications just just of going over that fiscal cliff Is that in a in a in a high or rising interest rate environment? | ||
| the debt that we're accumulating is becoming a steadily higher percentage of our gross domestic product And it's well over 100%. | ||
| Now it's over 120%. | ||
| It's forecast to go to 200% within a matter of decades. | ||
| And what that means is that more and more of your tax dollars are going not to pay for the roads and the bridges and the Medicare and the Social Security and the national defense and the education that the government is supposed to provide to you, but rather simply to service that debt. | ||
| And the even worse part about as much as the debt is held by foreigners. | ||
| So it's like it's like a pure transfer payment of money out outside this country. | ||
| So it's the money's not not transferred to American citizens where it could be spent here and help with growth. | ||
| It goes out to the Chinese the Japanese the Germans and and out there right the Saudis whoever buys our debt and so that alone Just that alone is a recipe for disaster, and that disaster is unfolding, and that's why it's so important with Mike Johnson as the new Speaker that the House Republicans draw a line in the sand for debt reduction. | ||
| All right, so what we're going to do now is when we come back, I'm going to complete the list of all of the fundamental problems we're facing in this country economically, which are going to drag us down, as well as the stock market. | ||
| So, Peter K. Navarro, sitting in for Stephen K. Bannon. | ||
| We'll be right back. | ||
| You are in The Wall Room, the best financial show, political show, and show in the country. | ||
| is he's your host steven kate indicated are in for the annual cvn kate bannon Steve's in North Carolina giving a speech. | ||
| If you're there, go on down. | ||
| Look, if you're just joining the show, what I've been talking about is How to protect your wealth, preserve your wealth, and protect your job in an increasingly dangerous Bidenomics economy. | ||
| The CliffsNotes for this show may be found at peternavar.substack.com. | ||
| That's where I do my weekly economy and market wrap. | ||
| And what's important right now as we speak is that the stock market just entered bear market correction territory. | ||
| It's lost 10% from its most recent high in July and it's More likely to lose another 10 to 20 percent than to stabilize and go back up. | ||
| You won't hear that on CNBC or Bloomberg or Fox because they don't like to tell you the truth, but here in the War Room, this is what we do. | ||
| Now, what I've been doing in the earlier part of the show is talking, first of all, how the technicians saw this coming because of the downward trend in the market and the move towards the different moving averages. | ||
| And I'm trying to explain kind of the underlying fundamentals. | ||
| So the first one we went over This is kind of massive $2 trillion a year deficit, which is just going to cripple the ability of our government to function in a very short amount of time. | ||
| So that's got to be dealt with. | ||
| Now, the next thing that Bidenomics has done is turn the strategic energy dominance of Donald John Trump into a strategic energy subservience. | ||
| Follow along here. | ||
| It's like What Trump was able to accomplish is make this country the largest oil producer in the world and a net exporter. | ||
| We didn't have to rely on foreigners for our oil anymore. | ||
| And as a practical matter, what that meant is that even though, and obviously the U.S. | ||
| is not a member of the OPEC oil cartel, We basically were the price leader in the market. | ||
| We could tell Saudi Arabia what to do, and we didn't have to worry about it. | ||
| But the problem that we've had with Joe Biden, the first thing he does is gets rid of the Keystone Pipeline. | ||
| I actually helped write the executive order that President Trump signed in the first week of his term back in 2017 to get that thing going. | ||
| Biden unwinds it, he cancels all the leasing, He's just doing everything he can to shut down the fossil fuel sector and we've lost our strategic energy dominance. | ||
| We are now strategic energy subservient. | ||
| And one of the things that Dunn has allowed Saudi Arabia and Russia basically to jointly control price leadership in OPEC and again in my in my sub stack I've talked about how Saudi needs about $80 barrel oil. | ||
| The way the Saudi regime works is it's a bunch of small number of rich crown princes running around the world in their jets sponsoring U.S. golf tours. | ||
| And then meanwhile they've got this restive population that stews with little work to do and what they do is they pay them off with these big social welfare programs. | ||
| So they've got to cover those expenses. | ||
| So that's $80 barrel oil. | ||
| And then the Russians need about $100 barrel oil or more to prosecute their war against Ukraine and their aggression against other nations like Georgia and things like that. | ||
| And they're setting prices and not surprisingly oil prices are a good 50 percent higher than they were under Donald Trump. | ||
| They're more likely to keep going up and down because of some other things going on in the world, such as the Hamas-Israeli war, which is broken out. | ||
| And let's remember here, every time you go to the grocery store and you're wondering why food costs so much, it's like one of the key inputs Two inputs for food production is the fuel that's required to run around the tractors and all that and the trucks to the market, but also the fertilizer. | ||
| Fertilizer is the key component is petroleum. | ||
| So we've got that going on with the shocks and The third thing, of course, is the Federal Reserve policy, which is responding to all this inflation. | ||
| We've got one of the fastest increases in interest rates, certainly within the last 30 to 40 years, and the Fed shows no signs | ||
| of reducing interest rates anytime soon, and that is just choking off the housing market, it's choking off the auto market, it's all the financial deal makers in New York and elsewhere who want to cut deals and do all their wheeling and dealing. | ||
| The hurdle rate doesn't make it when Interest rates are like 8, 9, 10 percent. | ||
| So that kind of economic activity is grinding down. | ||
| So what we're seeing here slowly is like the Python trick where these interest rates are gradually offsetting the fiscal stimulus from the deficit spending. | ||
| And the Python's winning. | ||
| OK, we just had blowout, blowout economic growth numbers. | ||
| This last week, but but no one believes that that's sustainable because it simply is not and the more likely scenario is if not a recession and certainly stagnant growth which Basically, it's the same as recession. | ||
| So, you know, that means lower earnings for corporations, and that means lower stock prices. | ||
| Ergo, you got a falling stock market. | ||
| And don't forget, when inflation goes up and squeezes costs, that squeezes earnings as well. | ||
| So you got that going on. | ||
| And then there's all these These massive losses in the bond market in the last two years in the bond market, the bond price, there's been like a 50 percent losses. | ||
| This is like this is like the quiet gutting of the financial markets. | ||
| And the bond market, as Steve has often pointed out, is an ocean compared to a little pond to the stock market. | ||
| In terms of how much the money flows are. | ||
| And that's like trickled down to the banking sector, which holds a lot of its reserves and bonds and no longer has adequate reserves to cover its deposits. | ||
| And so there's the looming banking crisis as well as a looming crisis in the commercial real estate sector, which what's interesting about the commercial real estate sector is that, look, all of us out there who've ever been able to Buy a home as you've done it with a long term mortgage. | ||
| You don't like you don't borrow like for a year and then turn roll it over and roll it over and roll it over. | ||
| You get your 30 year fix and you're done with it, right? | ||
| But that commercial real estate doesn't do that. | ||
| They do everything short term and roll stuff over is that's just a practice in the industry. | ||
| And what's happening now is a lot of the debt they have. | ||
| Is it really low interest rates and then they got to roll it over into 5% and it's like it's killing them because it's coming at the same time that their vacancy rates have crashed because of all of the impacts of the pandemic and the whole structural shift. | ||
| Okay. | ||
| to work at home and all of that. | ||
| So, and then the last, you know, again, we're talking about the fundamentals, okay? | ||
| Remember, when you try to predict where the stock market's going, you can look at the charts like the technicians do, or you can look at the fundamentals, including the macro fundamentals. | ||
| I think you look at both. | ||
| That's what I preach in the newsletter, peternevar.substack.com. | ||
| And the last fundamental thing you have to overlay on top of this is all the geopolitical risks that are out there. | ||
| You got the Hamas-Israeli war, which could balloon into a Lebanon-Hezbollah-Israel-Iran war. | ||
| Which could draw in, God help us, but Biden is stupid enough to allow this to happen. | ||
| They could drag the U.S. | ||
| into it. | ||
| I mean, we already got too much out there that could implicate us in a hot war. | ||
| So, bottom line, if you're going to preserve your wealth, protect your job, You need to be financially market literate. | ||
| That requires paying attention each week. | ||
| I try to do my part with the weekly market wrap on Fridays, peternavaro.substack.com, but I urge you to read with skepticism, because this is all you got out there, is the stuff like the financial press, the Bloomberg, the Yahoo Finance. | ||
| Go read CNBC and stuff like that. | ||
| But just remember, they're biased towards bullishness and you need to be able to penetrate that bias to protect yourself. | ||
| This macro situation, if everybody on Capitol Hill kind of understood this macro situation, it would make life a little bit easier, which is kind of my segue to talk a little bit about the Mike Johnson agenda. | ||
| We need, first and foremost, a significant debt reduction for any agreement to lifting the debt ceiling, okay? | ||
| So, from a purely economic point of view, that needs to be priority number one. | ||
| Now, priority number 1B needs to close our southern border. | ||
| That's non-negotiable. | ||
| That needs to be non-negotiable. | ||
| And I hope Mike Johnson and the Republicans will hold firm on this as an entire unit and caucus, because the border is doing a number of things. | ||
| One is it's driving down the wages of America. | ||
| Number two, it's causing absolute chaos across America as millions of illegals stream into our country. | ||
| Number three, it's increasing exponentially our geopolitical risks because of the bad people that are coming across, whether it's military age, communist Chinese, whether it's Islamic terrorists, whether it's Mexican drug cartel, sex traffickers. | ||
| These are bad people coming into the United States. | ||
| And, you know, if you, if you, they, they, Yep. | ||
| They're not bringing our values, they're bringing problems. | ||
| And the Tlaib, the Congresswoman Tlaib, who is just absolutely critical of the state of Israel to the point where she condones Hamas beheading children without blinking an eye, I think tells you in a microcosm, the problem you have when immigrants come in and don't | ||
| assimilate into this country. | ||
| I mean, she's in a district Where you would say to yourself, how the hell did she get re-elected? | ||
| With the kind of policy she's advocating. | ||
| It's like, it's godless, it's extremist, it borders on Islamic terrorism. | ||
| And yet, she won re-election and now she's just... But the problem is, she's in Ghana, effectively, the own version in Michigan, apparently, of the Gaza Strip, albeit with all the comforts of American democracy. | ||
| There it is. | ||
| So, I hope somebody challenges her next time around, but this is one of the problems we have. | ||
| All right. | ||
| I'll be right back for the last segment. | ||
| We're going to have Joe Allen close out. | ||
| I'll talk a little bit more about the Mike Johnson agenda before that. | ||
| And Peter Canovar, always an honor to be with you, the posse, who did such a great job this week getting us a new speaker. | ||
| Be right back. | ||
|
unidentified
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We rejoice when there's no more! | |
| Let's take down the CCP! | ||
| Here's your host, Stephen K. Bannon. | ||
| Hey, Peter K. Navarro in for Stephen K. Bannon for the big finish here in this hour. | ||
| It's been a great pleasure being with you. | ||
| I want to finish up a few minutes on the Mike Johnson agenda, and then we're going to bring in our esteemed Joe Allen. | ||
| He's going to tell us about an exciting new tour that's coming up. | ||
| But at the end of the last segment, I talked about the need At the top of the charts for the House Republicans, they cannot, they cannot approve an increase in the debt ceiling without significant debt reduction and without ensuring a closure of the southern border. | ||
| Those two conditions, they need to hold firm. | ||
| I don't care how long the government gets shut down, folks. | ||
| Those conditions need to be met because if we don't solve that debt problem is going to bury this country. And if we don't solve that border security problem, it's going to destroy this country. So those are two biggies. But I can tell you how disappointed I have been with the rest of the Republican effort. And Mike Johnson really needs to get that jump started. | ||
| There's the alleged committee that my good buddy Mike Gallagher is running. | ||
| I was impressed with him when I met him during the Trump administration, but that committee is going nowhere so far. | ||
| Meanwhile, China is having his way with Joe Biden and the rest of this world. | ||
| And the other thing, directly to you, Speaker Johnson, you, sir, are a constitutional law lawyer, and it has been absolutely crickets | ||
| And the House Republicans, in terms of saying anything about that unduly authorized, illegally formed J6 committee that had as its primary mission not to uncover how J6 happened, oh, spoiler alert, it was FBI informants and Nancy Pelosi, but rather to simply try to put Donald Trump and people like me and Steve Bannon in jail. | ||
| And you, sir, and the Republicans need to get off your butt and have something to say about that committee because so far it's been crickets and crickets means that they are getting away with that. | ||
| So get it done, sir. | ||
| All right. | ||
| Always a pleasure to see Joe Allen and Joe. | ||
| You're brilliant, man, because back in the day when I was doing books and I was younger and I had your energy, I never had the energy or idea to do what you're about to do. | ||
| But you're about to go out on a speaking tour with a bunch of books in your car, and you're going to do book signings, and I want you to tell the posse right now the dates, where you're going to be, and how they can come see you and buy one of your books, sir. | ||
| Peter I really appreciate it man. | ||
| Yeah, I wish you could make it out, but it's kind of a long haul from here. | ||
| Yes Yes, yeah The first stop will be November 5th, Indianapolis, Indiana Life Point Church next stop November 8th, Pittsburgh, Pennsylvania It's at a place called Al's Cafe. | ||
| Very nice big venue free food too, by the way as you go to the third one Before that tell people where they can go on the internet. | ||
| Oh yes yeah if you just want to have a look joebot.xyz right at the top of the page or warroom.org under the transhumanism tab has the tour dates and of course I'll be updating it going along some things are to be determined but It's set. | ||
| The really big one though, Peter, Nashville, Tennessee, December 15th, kind of, you know, I lived in Nashville for many, many years, kind of a hometown thing. | ||
| So very much looking forward to that. | ||
| That one is ticketed. | ||
| You can get... You know, let's get you, see if I can get you on Huckabee. | ||
| I'm doing Huckabee November 10th and doing that show was one of the the great joys of my life because it's such a cool set. | ||
| I don't know it's out on the it's out on the the the ranch where one of the great country stars where they get this big kind of like old Opry kind of grand theater and I think this would be right up right right up Mike's alley. | ||
| So let's see if we can get that done. | ||
| You know, coincidentally, his daughter, a friend of mine, was riding next to her on the plane and gave her a copy of my book. | ||
| So maybe she's primed. | ||
| For whatever reason, it's very embarrassing. | ||
| I cannot remember her first name. | ||
| She's the governor. | ||
|
unidentified
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Yeah, yeah, yeah. | |
| Please, please recall her name so that we can say it and she'll forgive me. | ||
| Yes, okay. | ||
| But anyhow, yeah, Nashville, Tennessee, Phoenix Lodge. | ||
| That one's ticketed. | ||
| Promo code JoeBot. | ||
| You don't get a pillow, you get a discount. | ||
| It's J-O-E-B-O-T? | ||
| B-O-T, that's right. | ||
| I'm programmable and repetitive like a robot. | ||
| Next stop, Kansas City, Missouri. | ||
| That's November 18th. | ||
| Again, probably some free food, just buy a drink. | ||
| And Dallas, Texas after that. | ||
| That's the 19th of November. | ||
| And then a few dates in between, not yet set. | ||
| Big one, December 2nd in Los Angeles. | ||
| That's the American Freedom Alliance with Karen Siegman and that'll be a big one. | ||
| Kind of a literary cafe. | ||
| She runs these things. | ||
| Should be fantastic. | ||
| And then ending it off in Tulare, California. | ||
| I mispronounced Tulare a couple of days ago and all the people from Tulare Quickly came to the defense of their city's pronunciation. | ||
| So, yeah, be there with Clay Clark's Reawakening America. | ||
| I was going to say, Clay's going to Tulare. | ||
| I'm thinking that's pretty random. | ||
| Yeah, no, no, that's it. | ||
|
unidentified
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That's it. | |
| Yeah, yeah, yeah. | ||
| I just did the Clay Clark Durell. | ||
| Clay and Mike Flynn are two of the best patriots in the country right now doing a great rally, so that should be cool. | ||
| Man, I'm looking forward to it. | ||
| Very much so. | ||
| So look, Posse, you just heard all the dates. | ||
| Go to the website. | ||
| I want to make sure that Joe doesn't have to sleep in his car. | ||
| He at least gets a Motel 6. | ||
| So show up, buy his book, and it's an amazing... Look, here's the thing. | ||
| I told you this the last time you were on. | ||
| It's like, I never could figure out what the hell Steve was doing. | ||
| It's like, what are you talking about? | ||
| Transhumanism, this, that, the other thing. | ||
| And as usual, Bannon was about a year ahead of everybody. | ||
| And now this is like at the heart and soul of the problems that we got to worry about in the future. | ||
| So nobody knows this better than Joe Allen. | ||
| Give me your last word. | ||
| Give the website once more, and then I'll say goodbye. | ||
| Come out, give me your hardest questions, and I look forward to seeing you face-to-face. | ||
| JoeBot.XYZ, list right at the top, or WarRoom.org, my social media, at J-O-E-B-O-T-X-Y-Z, you can find the link there. | ||
| Alright, Peter Cain Navarro. | ||
| For Stephen K. Bannon, PeterNavarro.substack.com. | ||
| PeterNavarro.substack.com. | ||
| Preserve your wealth, protect your job, watch the war room. |
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