Nov. 15, 2023 - Bannon's War Room
48:43
Participants
| 
| Speaker | Time | Text |
|---|---|---|
| So, Jonathan O'Meara, back to the Wall Street Journal editorial page. | ||
| They've got an editorial saying, meet the new speaker, same as the old speaker. | ||
| Taken, of course, we won't get fooled again. | ||
| Let me read this for a second. | ||
| Because I know it brings up the question we were all asking, which is like, wait a second, if Kevin McCarthy had done this, He would have been kicked out as Speaker. | ||
| The Wall Street Journal editorial page writes this, Pop quiz, what's the difference between the bipartisan stopgap funding bill that passed the House Tuesday under new Speaker Mike Johnson and the September equivalent passed by former Speaker Kevin McCarthy? | ||
| Answer, nothing but the self-defeating Republican drama. | ||
| So much for the claim that their goal was electing a, quote, committed conservative as Speaker. | ||
| And they finish up. | ||
| The lack of rebellion this week from the Republican rump is welcome. | ||
| And apparently deposing two speakers in a few weeks was too much even for them. | ||
| But it further exposes the hollow claims the McCarthyate made for their October exhibitionism. | ||
| And that's all it was. | ||
| It was sound, fury, and gestures signifying nothing but, what did we say? | ||
| An attempt to get more hits on TikTok and more clicks and more $25 donations from across the globe. | ||
| Committed conservative. | ||
| Oh, he's really committed. | ||
| Oh, what? | ||
|
unidentified
|
They're not putting up with the bull**** that's going on in Washington, D.C. | |
| They're going to get real conservative. | ||
| And what did they do? | ||
| They got a guy that passed the bill. | ||
| The same way Kevin McCarthy passed the bill because, and this is important for the grown-ups in the room, it was the only way to pass the bill. | ||
| Yeah, there are a few things at play here. | ||
| One is simply fatigue. | ||
| I think there was a sense that Republicans didn't want to go through another messy couple of weeks ousting, you know, fighting over the Speaker, potentially ousting a Speaker, shutting down the government. | ||
| They didn't want to do that right now. | ||
| Now, we can talk separately about the wisdom about punting that fight into an election year. | ||
| which they have now done, assuming this does pass indeed the Senate and then goes to the president for his signature. | ||
| Johnson, you're right, he just did what cost McCarthy his job. | ||
| I think there's some sense among Republicans they get to give Johnson some time. | ||
| He's only been on the job a couple of weeks. | ||
| He also has more MAGA credentials in some ways than McCarthy did. | ||
| You know, he of course was the author of some of the big lie petitions, legal petitions in 2020. | ||
| Also with McCarthy, it was clearly very personal with Matt Gaetz and others. | ||
| That's also something that led to his ouster and perhaps why McCarthy was in such a foul mood yesterday, which we'll get to, and his confrontation with a colleague on the Hill. | ||
| But what this does is it likely keeps the lights on. | ||
| This is the primal scream of a dying regime. | ||
| Pray for our enemies. | ||
| aid to Ukraine, provide any aid to Israel, provide any border security money, provide any aid to Taiwan. | ||
| And those are going to be very, very thorny issues going forward and their future, frankly, uncertain. | ||
| This is the primal scream of a dying regime. | ||
|
unidentified
|
Pray for our enemies because we're going medieval on these people. | |
| Here's how I got a free shot on all these networks lying about the people. | ||
| The people have had a belly full of it. | ||
| I know you don't like hearing that. | ||
| I know you 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? | ||
| 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! | ||
| Okay, welcome. | ||
| It's Wednesday, 15 November, Year of the Lord 2023. | ||
| We're going to play that morning, Joe, cold open a couple of times this morning, because you got to embrace it. | ||
| You have to embrace it. | ||
| And Jonathan Lemire said the quiet part, or gave you the buried lead. | ||
| They've kicked us into an election year. | ||
| So we expect these guys, let me think this through. | ||
| We expect a bunch of gutless cowards that have never stood up and fought on any of this, and in fact allowed it to happen. | ||
| We expect them in an election year when they all say, hey, we can't do anything because of the election year. | ||
| We need 75 days. | ||
| We need 75 days. | ||
| So that we can really come back and get conservative wins in 75 days. | ||
| With, uh, by the way, they blow out of here tomorrow, uh, not back till after Thanksgiving, then they got like 10 days, then they go home for Christmas, then they come back late, uh, and then, you know, I think it's 21 days of being here currently scheduled before the 17th of January. | ||
| Now, internally, what they're talking about is, no, no, no, Steve, you don't get this. | ||
| We need Molinari and the New York guys. | ||
| Every day you hear them whining, oh, these are Biden districts. | ||
| They might have been stolen for Biden in 2020. | ||
| But you look at the polling all over, are they Biden districts today? | ||
| I got the Financial Times in London. | ||
| E.J. | ||
| Antoni is going to join me. | ||
| Only 14% of Americans believe Biden has made them better off financially. | ||
| 14%. | ||
| That's about to get a lot worse. | ||
| 50% say they're worse off. | ||
| Only 14% said they're better off. | ||
| So maybe they ought to check their districts again. | ||
| Also, Wall Street just announced another year of down bonuses. | ||
| A lot of those are bedroom communities for Wall Street. | ||
| Also, the invasion of our country, one of the centerpieces of this is Manhattan and the boroughs where Eric Adams, since he can't get the money from his sponsors in Turkey, Erdogan, which he's taken all this money illegally in campaigns, as we now find out, that he's begging for a $5 billion bailout, which is never going to come. | ||
| Hell, their pet project Ukraine. | ||
| One good thing of the supplemental, no supplemental, no Ukraine money. | ||
| Even the Israel thing was taken out. | ||
| All of that's taken out. | ||
| But we have to be blunt about this. | ||
| We have a, and I think you see the scale of the problem that we have. | ||
| You had only 57% of the conference voted for us. | ||
| Very close to not even being able to get a conference. | ||
| But Johnson and his crew showed that, you know, when they need to get something done, they're not prepared to play by the Marquis of Queensbury's rules. | ||
| We blocked this thing on a rule that couldn't come. | ||
| It had to get better. | ||
| You had to have cuts. | ||
| You had to have some policy changes. | ||
| And they said, no, we're not going to do that. | ||
| We're going to basically go grab the Democrats and do it fully. | ||
| And as I've said, I'm a Mike Johnson fan, but this week, MTG, and I know there's a lot of criticism of her, maybe this thing should have been a little more baked, but she failed in putting forward an impeachment on Mayorkas. | ||
| I just don't understand when you have an invasion of your country of 8 to 10 million people already, with another 500,000 a month coming, as CIS tells us, that's gonna be 14 million at the end, and he sits there and gaslights you, the border's secure, the border's secure, how you can't even move on an impeachment, if you can't move an impeachment memo to him, what are you gonna do? | ||
| And then yesterday he had the fracas all over, you know, guys jumping up, trying to throw down, which is all fine, hey, you know, Guys will be guys. | ||
| That kind of stuff is going to happen. | ||
| But I don't see... I just don't buy it that we need 75 days. | ||
| I don't buy that Molinari and the New York guys need to socialize this in their districts. | ||
| I don't anticipate they're going to be doing tons of town halls that talk about the kind of cuts that have to come, that talk about the border policy that has to come. | ||
| Maybe I'm a tad cynical on this. | ||
| I just don't see it. | ||
| I see what has happened, and you've got to look at this list of the 120 or so that voted for it, 93 to 95, I think, against. | ||
| 120 or so that voted for it, 93 to 95, I think, against. | ||
| Look at the ones who voted for it, and a lot of them in your districts. | ||
| You have been helping these guys, and now it's exposed. | ||
| These guys are centrist Democrats. | ||
| You have to use your leverage points. | ||
| This was a very, it was a great leverage point. | ||
| Right before Thanksgiving, you had all the leverage in the world. | ||
| Oh, but we only control one-fifth of one-ninth of one-twenty-fifth of the government. | ||
| No, screw you. | ||
| Minoritarian vanguardism. | ||
| I've been in situations in M&A deals where you've got a lot smaller than that, and you can use your leverage points to get to impose your will. | ||
| Let's use a football term. | ||
| Impose your will. | ||
| Impose your will. | ||
| You know, Comer got blown up yesterday by what, is it Moskovitz, the guy from Florida, blew him up. | ||
| So Betty called him a smurf. | ||
| We'll tell you that maybe later in the show. | ||
| But he was not prepared. | ||
| He's caught totally unaware. | ||
| And today she, and we'll be covering this, she is going to meet Biden at 11 o'clock I think Pacific Time, 2 o'clock East Coast Time. | ||
| This meeting should never happen. | ||
| The whole business community, you see on the Wall Street Journal, they are all against, our program is to decouple. | ||
| You decouple from the Chinese Communist Party, they start to collapse. | ||
| What do you think Xi's coming over here for? | ||
| It's two deals. | ||
| And the former ambassador to the United States from the CCP, during the Trump administration, and of course before, had been there forever, just stepped down. | ||
| A bad hombre. | ||
| Part of the clique that runs the deal. | ||
| He said the whole thing's about one China policy. | ||
| You basically give up Taiwan. | ||
| You give it the people of Taiwan. | ||
| You give up Taiwan. | ||
| You assure us that it's a one China policy. | ||
| Everything's in on the table for us to work together. | ||
| If you draw a hard line there, then hey, we're going to war. | ||
| Basically said that that's going to lead to a conflict. | ||
| Pretty stark. | ||
| And you've got a guy, Comer, and Jim Jordan. | ||
| This meeting's happening today because of you. | ||
| Let's have a partner's discussion. | ||
| Right? | ||
| Where we just kind of sit here. | ||
| No happy talk. | ||
| No happy talk. | ||
| The only reason he can go into a room that wouldn't have a thousand questions thrown at him about being a payroll, you haven't done your job. | ||
| They said, well, Steve, gosh, that's so harsh. | ||
| You know, these guys are working. | ||
| Well, you know what? | ||
| I'm looking for results. | ||
| First of all, I don't see him working that hard. | ||
| I, you know, I'm around here and I see all the time they take off and quite frankly, even when they're working, there's some working hard, but I'm not seeing 18 hour days, 20 hour days. | ||
| I don't see seven days a week. | ||
| If you're in a crisis, you're in a crisis. | ||
| If you're in a crisis, you're in a crisis. | ||
| We're going to have a guy on here later. | ||
| Peter Navarro showed up to work, I think every day in the four years of the Trump administration. | ||
| The guy's an animal, but that's what you need to do. | ||
| He was fighting for jobs for the American people. | ||
| So we have to educate you, this posse. | ||
| You have to educate. | ||
| You're going to have to show, particularly if your representative is on that list, and there's lots of them in Trump country. | ||
| There's a lot of MAGA districts there that are represented by these guys. | ||
| Remember, the same 120 is a greater set of the 70 that voted for the FBI headquarters. | ||
| Which is, as I said, a small thing in which everything is revealed. | ||
| That's the pool. | ||
| The pool they have is these uniparty centrists. | ||
| These uniparty centrists, which they're no different at all, maybe slightly on some, some shiny toy cultural issues. | ||
| And I know the cultural issues are very important, but right now you have two crises that are going to crush us. | ||
| If I can, and here's what it is, can I put up that chart? | ||
| Can Denver put up that chart? | ||
| I want to make sure that I've got the chart. | ||
| I'm pretty sure I've got the chart. | ||
| This chart is very illustrative. | ||
| I'll get EJ on here. | ||
| I've got a couple minutes now. | ||
| And I think I've got my chart. | ||
| There's my chart. | ||
| I've got it right in front of me. | ||
| If I can only make it bigger. | ||
| There we go. | ||
| Okay, this shows you they finally got the fiscal year 2023. | ||
| And I took this from a Zero Hedge article. | ||
| I was able to clip it. | ||
| I want to thank Zero Hedge and also the underlying writer. | ||
| I put a couple articles up on Getter. | ||
| And if you're not on Getter, that's another free app. | ||
| Download it. | ||
| I'm putting up thoughts of wisdom all the time. | ||
| Will you say that? | ||
| So if you listen to the show on radio or a podcast and don't get to see the visuals, You know, you go to, you should certainly go and download, um, join the email. | ||
| You get the newsletters, uh, I think a couple of times a day, but you get all the, all the, all the visuals, all the clips. | ||
| It'll, it'll make your experience much easier. | ||
| That's warm.org. | ||
| Mo and Grace will put it up in the chat, but let's push that out, everybody. | ||
| Also go to, go to Getter, totally free, also, where I'm putting up stuff 24-7. | ||
| With all these blinding insights, you don't want to miss these blinding insights, right? | ||
| Here, and I tell you what, we're going to go to break. | ||
| I got EJ and Tony. | ||
| But this is kind of the play, and I like the way this is laid out. | ||
| This shows all, it's cash in, cash out. | ||
| You basically got 4.4 billion, trillion, 4.4 trillion of cash that came in. | ||
| And you got about, they calculate 6.2 trillion that went out. | ||
| We know that number's higher. | ||
| They say the deficit then rounds up to about 1.7 trillion. | ||
| That's from last year, 1.7 trillion. | ||
| It's actually two, because we showed you how they gundected. | ||
| But even taking these numbers, it shows you the issue before us, because it's a one and a half to two trillion dollar structural deficit every year. | ||
| So, in 75 days, am I gonna... Speaker Johnson, who we have your back, are you going to, uh... Are you going to, uh... Are you going to solve this? | ||
| Give us a plan forward? | ||
| Well, the posse's gonna be here to assist. | ||
| Assist now. | ||
| And they look back at Trump's presidency and said, hey, my wages were higher. | ||
| Inflation was lower. | ||
| We weren't at wars all over the place. | ||
| Maybe the guy's a jerk, but he's a badass and the world fears him. | ||
| He's a badass? | ||
|
unidentified
|
All he does is complain about people. | |
| Whiny, vengeful, backward-looking billionaire. | ||
| That's forward-looking. | ||
| That's forward-looking. | ||
| I want a take on the administrative state that's driven this country into the ground. | ||
|
unidentified
|
He's not talking about taking on the administrative staff to help people's lives. | |
| He's talking about going after the people that were mean to him. | ||
| He says, oh, I'm going to have the DOJ target Bill Barr because he was mean to me. | ||
| I'm going to have the DOJ target John Kelly because he turned on me. | ||
| I'm going to have the DOJ target Jack Smith. | ||
| That's all he talks about. | ||
| He doesn't talk about helping people. | ||
| That's not true. | ||
|
unidentified
|
But here's my question. | |
| Do you have a MAGA lawyer that likes to go on your podcast, Mike Davis? | ||
| Here's what he has suggested are the top priorities for Trump's Attorney General. | ||
| One, fire the Deep State Executive Branch. | ||
| Two, indict the whole Biden family. | ||
| Three, deport 10 million people, kids in cages. | ||
| It will be glorious. | ||
| Four, detain people at Gitmo. | ||
| Five, pardon every January 6th defendant. | ||
| What do you think about that five-step plan? | ||
| I think it's fantastic. | ||
|
unidentified
|
We should do it. | |
| All five? | ||
| All five. | ||
| We're going to start the largest deportation program in history. | ||
|
unidentified
|
All 10 million must leave. | |
| Wow. | ||
| Pardon the exchange with longtime Trump advisor Steve Bannon from the final episode of The Circus. | ||
| We talked about this earlier. | ||
| It used to be sort of a bob and weave where Donald Trump would say something extreme and then back off and go, no, no, I don't mean that. | ||
| I don't mean that at all. | ||
| Now, they're all just coming straight. | ||
| It used to be Bannon would say something crazy and Trump and his people would say, no, that's not the case. | ||
| No, they're aligned now. | ||
| You know, Bannon said seven years ago, I'm a Leninist. | ||
| I want to tear down the state. | ||
| Well, Trump's with him now. | ||
| Trump is a Leninist. | ||
| Trump wants to tear down the state. | ||
| They say they want to arrest the entire Biden family. | ||
| They want to arrest people, even his former lawyers that turned on him. | ||
| I mean, this is just full-on fascism, and they're proud of it. | ||
| That's what's remarkable, Joe. | ||
| Molly and I were just talking about it. | ||
|
unidentified
|
There's no secret to the secret plan. | |
| Believe them when they tell you what they're going to do. | ||
| I mean, Bannon went on to say that this movement's moving on beyond Trump. | ||
| That Trump, in his view, is a moderate. | ||
| So, you know, they're talking about the greatest deportation in history. | ||
| It's pretty chilling. | ||
| And as you said, the remarkable thing about it is that they're not hiding the ball on this. | ||
| So everybody should know, Team Democracy, it's time to suit up. | ||
| Yeah, and Willie, it is, again, they're admitting the quiet part out loud, and now Trump's even got to where he's lifting words and phrases from Hitler's speeches. | ||
| Yeah, the vermin term. | ||
| Remember he said, I am your retribution to his supporters, and now not just, not saying that in some vague way, Molly, but Now, specific plans from people who presumably would be close advisors in the administration about how they would go out carrying out that retribution. | ||
| I mean, you just heard Steve Bannon take it for what it's worth. | ||
| He's a podcaster who's probably going to jail soon. | ||
| Don't negative my podcast. | ||
|
unidentified
|
No, no, no. | |
| What I'm saying is... | ||
| Obviously, though, influential in the MAGA movement. | ||
| The fact that he's just saying out loud, yeah, we should just pardon all the people who attacked the Capitol, the people who beat up cops on January 6th. | ||
| Let's pardon them. | ||
| Trump has said that, too, by the way. | ||
|
unidentified
|
Yeah, you know, it's interesting. | |
| Republicans and Trumpists have these ideas. | ||
| They are not popular with the general electorate, right? | ||
| They're not. | ||
| We see this again and again. | ||
| We saw this in the 2023 off-year election. | ||
| You see the bid and the ask here? | ||
| You see the Mike Johnson crater? | ||
| Oh, we're gonna get him next time. | ||
| And you see what's coming together with President Trump and his campaign that's leading. | ||
| We're also, I got this Nikki Haley thing. | ||
| I think it's up on Getter. | ||
| I want to pull that. | ||
| I want to play that later. | ||
| About Nikki, neocon, neoliberal Nikki. | ||
| Nikki, Nikki, Nikki, Nikki, Nikki. | ||
| Selling you out again in some like a little gathering. | ||
| Looks like New Hampshire, Iowa, one of these places where the people all come into the diner and you have a chat. | ||
| Selling you out. | ||
| There are two crises. | ||
| There's obviously a geopolitical national security crisis, this beginning of the kinetic part of the Third World War. | ||
| And obviously, a guy who's on the CCP payroll is out there today as a supplicant. | ||
| This is Joe Biden. | ||
| It's unbelievable that we have not put the documents forward on the family in a systematic way. | ||
| Not going on Hannity and throwing out some document in Comer. | ||
| Is Comer a host on the Murdoch News Network or is he supposed to be head of oversight? | ||
| I think he's done a terrible job. | ||
| Let me be blunt. | ||
| We're in November, we're 10 months into it. | ||
| This thing should have been laid out and should have been going out in April and May. | ||
| You should have hired more staff in Jordan. | ||
| The results are, Biden's out there today. | ||
| There should be no universe in which Joe Biden could get into a room with Xi, given the evidence against him of selling us out to the CCP. | ||
| It's mind boggling. | ||
| It's mind boggling. | ||
| And the CCP and the criminal element in Beijing are laughing at you. | ||
| Now, President Trump and the team at Project 2025 and C.R.A. | ||
| and people are working. | ||
| They're massive working groups. | ||
| And two things they're doing is we got, you know, the Heritage guys on here and C.R.A. | ||
| on here about the balanced budget, whether it's in 10 years or five years. | ||
| I think I can balance this thing in less than five years, but that starts with massive cuts day one. | ||
| That's on the budget side. | ||
| And let's make sure we push out that chart. | ||
| I'll get back to it in a second. | ||
| Then, on the invasion of the southern border, of course, you're going to have to have mass deportation. | ||
| You have to seal the border as a predicate, and then you've got to do mass deportations. | ||
| You don't have a country. | ||
| You don't have your sovereignty. | ||
| And you see right there the response. | ||
| And you see Johnson and Schumer saying right now, well, we don't love this, but we're going to push it. | ||
| And Keem Jeffries. | ||
| And they're laughing at you. | ||
| They're laughing at Johnson. | ||
| We didn't take a hard stand. | ||
| In a crisis, every second counts. | ||
| Every minute counts. | ||
| It's urgent. | ||
| Is this urgent or is it not urgent? | ||
| If it's not urgent, then let's go for Thanksgiving. | ||
|
unidentified
|
If it's not urgent, let's go for Christmas. | |
| If it's not urgent, let's just play by this. | ||
| We have a calendar. | ||
| We don't want the congressman who took six weeks off in August and half of September. | ||
| We don't want him to miss Thanksgiving. | ||
| Who would want to do that? | ||
| Who would want to break up a family holiday? | ||
| We're going to talk about this on Thanksgiving. | ||
| When President Lincoln in 1864 put out the proclamation that started the first kind of formal recognition of, they were in a crisis. | ||
| A crisis called the Civil War. | ||
| And they still had not come, it was only around that time did it actually become evident from Atlanta, the fall of Atlanta, Farragut and Mobile Bay. | ||
| And some other actions that this thing would actually Sheridan, General Sheridan, in God's country, Shenandoah Valley, burned it to the ground, just like Sherman burned to the ground 60 mile from Atlanta to the sea, down to Savannah. | ||
| But that was a crisis at that Thanksgiving. | ||
| And I don't remember them saying, hey, what we're going to do is everybody's going to go home for Thanksgiving. | ||
| He said, no, it's a crisis or it's not a crisis. | ||
| The crisis here is evolving every bit as deep as the Civil War. | ||
| Understand that. | ||
| That 1.6 trillion gun deck, really two, but let's play with their number. | ||
| 1.6 trillion is going to be, again, as soon as they finish this, which I did last night on the show, it'll be six months. | ||
| They'll be six months into the fiscal year, and they have to start again on another 1.6, and then another 1.6 to two, and another 1.6 to two. | ||
| Actually be higher. | ||
| If you look at that chart, the interest number is $680 billion. | ||
| Hey, guess what? | ||
| We already know it's over a trillion. | ||
|
unidentified
|
E.J. | |
| Antoni's going to be on here in a second. | ||
| He told you that five, four months ago because of the refinancing of, we have to refinance one third of the 33, 34 trillion. | ||
| We're in it now. | ||
| This is a crisis. | ||
| And if these sad sacks up here can't deal with it, then get rid of them and get some people up here that can. | ||
| If they're not prepared to do it and you got guys today, you know, show me they're all there, but they're fighting. | ||
| They're over there exercising and doing Kung Fu and everything like that. | ||
| I don't see your Kung Fu. | ||
| I don't want to see your mixed martial arts. | ||
| I want to see some moral courage. | ||
| You got physical courage. | ||
| I got that. | ||
| That's important. | ||
| Check that box. | ||
| I want to see some moral courage. | ||
| And standing up for this nation and standing up for her sovereignty and standing up for her citizens. | ||
| And Mike Johnson and I don't mean to get on you, but we're going to get on you because you're on the cock brother. | ||
| Christian, biblical viewpoint or not, you're on the clock. | ||
| You told us yesterday, and you run it up on Fox all the time, you spend way too much time on Murdoch News. | ||
| Murdoch News does not run the deal. | ||
| You should understand that your predecessor was on Murdoch News all the time, and you saw what happened to him, and now he's so viciously insane, he's trying to throw punches, and he's walking around, he's stirring the pot, he's got 17 May, he's gonna come after all these guys in the district. | ||
| This nest of vipers up here. | ||
| That we have allowed, we have allowed, we have allowed, all of us, collective guilt here, we have allowed this Republic to, the government of this Republic, to turn into what it is. | ||
| Embrace that. | ||
| We have plenty of Republican presidents in here. | ||
| We had the two Bushes, right? | ||
| Only Trump, only Trump is the only one stood in the breach. | ||
| Why do you think they, why do you think they gave him a court to take all his money and went into bankrupting? | ||
| Why do you think All the rhinos are supporting and laughing and pushing the 700 years in prison. | ||
| And why do you think they're just hoping? | ||
| They're just praying for one conviction. | ||
| They just need one conviction because neocon Nikki will be right there with all the donors loving up on her, all the corporatists running. | ||
| She's got momentum. | ||
| She's got momentum. | ||
| She's gotten momentum. | ||
| Can you imagine her in charge of things? | ||
| When she talks about geopolitics, it's like a ninth grade social room home study teacher. | ||
| That's the level of sophistication. | ||
| She wants to be fighting for freedom and democracy all over the globe. | ||
| Hey, Neocon Nick, check the chart right here. | ||
| Tell me how you're going to deal with that in the invasion of the southern border. | ||
| Of the third world war, the kinetic part, the worst is in the southern border. | ||
| And if you think you've seen some protests at Columbus Circle and they're taking down the monuments and they're putting, you know, Palestinian flags on it and Sharia supremacist symbology everywhere, wait, folks, wait till you got to come to the hard decision that, hey, maybe they have to go home. | ||
| Maybe the eight million have to leave. | ||
| Maybe they're here illegally with this with this gun decked asylum. | ||
| We got to do that. | ||
| You think that's going to be pleasant? | ||
| You looking at the folks who are going to have the stones to stare that one down and do it? | ||
| That's the current state of the American Republic. | ||
| Of course, they're all going home for Thanksgiving. | ||
| God bless them. | ||
| Make sure if they're in the district, you give them the old what for. | ||
| What they need to hear is from the righteous indignation of the electorate. | ||
| This is what a representative democracy is about. | ||
| Short commercial break. | ||
|
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back in the warm in just a second. | |
| So Speaker Johnson said that this perfectly positions us perfectly positions us for major conservative victories to come. | ||
| them. | ||
| Well, brother, we got your right flank, and I think your right flank's a little ahead of the line here, which has happened a couple or three times in military engagements throughout history. | ||
| But the right flank, we're rolling and we demand change. | ||
| You, unfortunately, have come in and, you know, being a humble man, being a modest man, the meek may inherit the earth, but they ain't going to make an impact in this nest of vipers up here. | ||
| It's just not going to happen. | ||
| So we got to set the, you can keep the humble and you're a good man and you're training, but you got to come in guns blazing on this. | ||
| You got to go a little, I need a little, you know, don't take this the wrong way. | ||
| I need a little pagan warrior. | ||
| Right? | ||
| Like when we're up there converting all those guys in the, in the German woods, in the deep forest and up in Norway and all the Vikings. | ||
| When, when, when, when those monks converted the Vikings to Christianity, I need, I need you to be Viking. | ||
| Give me a little Viking before the convert. | ||
| Because you have to go savage. | ||
| You have to. | ||
| You got to come in here and say, hey, here's what's going to happen. | ||
| Here's the budget. | ||
| We're going to take a stand on this thing. | ||
| We're going to have massive cuts. | ||
| We can show you where some of the cuts are. | ||
| Look at some of those numbers. | ||
| Right? | ||
| And leave Social Security and Medicare out of it for right now. | ||
| We got plenty, you got plenty of big cuts in Medicaid and you almost got a trillion dollars now in welfare. | ||
| What they call income security that that block right there. | ||
| We can get back to Trump's but we can get back to the 4 trillion was a government big enough under Trump. | ||
| I think our spending was 4.2 trillion, which I thought I wouldn't crazy about it. | ||
| But hey plenty big. | ||
| Was in 2019 when we had that golden, we had that Christmas where, you know, no inflation, you know, everything under control, wages up for blue-collar people, wages up for non-college graduate, was that 2019 that work for you? | ||
| Well, look, the government, we're two trillion dollars and spending less. | ||
| Can't we do that? | ||
| Yes, we can do that if you have the stone. | ||
| So give me, go barbarian, give me some savage. | ||
| I need you to be savage. | ||
| I need you to be a Germanic tribe pre-St. | ||
| Bonaventure, whoever converted them, okay? | ||
| After the convert, it's fine, but I need you to be savage. | ||
| The meek, you know, may inherit the earth according to the Sermon on the Mount or in Luke, the Sermon on the Plain, but we're not looking for the earth. | ||
| We're looking for this capital and this nest of vipers. | ||
| Remember, Christ himself, what did he do in the temple? | ||
| Lost his temper didn't he? | ||
| He went there. | ||
| I need you like that. | ||
| I need you like Jesus in the temple. | ||
| I need you get the bullwhip and let's roll dude. | ||
| That's what you need. | ||
| So read Apocalypse and then go back and read those those verses and man up. | ||
| That's where the morning drama will play again. | ||
| We have to have our noses rubbed into the morning drama. | ||
| They're mocking you and they're laughing at you and hey, and the way this thing rolls, they deserve it. | ||
| They're mocking you and laughing at you and us. | ||
| We're a big part of this. | ||
| They're mocking at us and we deserve it. | ||
| We deserve all of it. | ||
| Because you're not going to save this republic. | ||
| You're not going to get conservative victories unless you're prepared to throw down and not back off. | ||
| E.J. and Tony, your assessment, sir? | ||
| Steve, I think it's absolutely appalling what Republicans have done. | ||
| I'm not just Republicans, but conservatives more broadly, since we know a lot of those Republicans aren't even conservative. | ||
| But they have once again capitulated to their liberal rivals and kicked the can down the road. | ||
| I mean, what is going to be different in a couple of months here? | ||
| Do you honestly believe that the liberals in the House and that the bulk of the Senate are somehow going to miraculously change their mind between now and then? | ||
| That they will somehow have a change of heart on their ridiculous spending habits? | ||
| Absolutely not! | ||
| I fail to see what this has bought us. | ||
| Okay, and here's the thing. | ||
| The Financial Times of London, no MAGA paper. | ||
| Look at the headline. | ||
| Only 14% of Americans believe Biden has made them better off financially. | ||
| This is directly, until you understand that this is directly linked to federal spending, the deficits and the inflation and higher interest rates driven thereof, you don't understand it. | ||
| The American people will have your back on this if you have the common decency to go explain it to them. | ||
| And so I want to see Lawler, I'm waiting for Molinari and Lawler and that entire New Year crowd. | ||
| And all the rest of the moderates. | ||
| Don Bacon. | ||
| I'm waiting for Don Bacon. | ||
| General Don Bacon. | ||
| That's a beauty. | ||
| I'm waiting for that guy out in Omaha to give the presentation of how we're going to do this because they gotta bring their constituents along. | ||
| They gotta bring... I think this poll, the Financial Times of London, and I think a couple, three people in the New York City area read that. | ||
| I think it's telling us they're already there. | ||
| You just have to have the stones to have some leadership. | ||
| What you are is a bunch of gutless cowards, and you just want to go along. | ||
|
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And it's easy in this town to do that. | |
| You're burying people under 40. | ||
| You're burying the working class. | ||
| You're burying 86% of the Americans that say that, hey, this sucks. | ||
| You're burying them, but it's easy to do. | ||
| You can go along, and CNN will say you're great, and MSNBC will say you're great. | ||
| New York Times, Wall Street Journal said lots of wisdom and discernment. | ||
| E.J., how bad is this going to get? | ||
| You've been one of the guys sitting there, and you're the first guy to say, hey, Steve, it was $2 trillion. | ||
| But just on the interest expense, if you look at that chart, the number there for interest is $688 billion. | ||
| Ladies and gentlemen, as Bloomberg confirms, the E.J. | ||
| and Tony Stephen K. Bannon number is over a trillion in this year. | ||
| Over a trillion dollars in interest in this year, and that's only going to... And E.J. | ||
| says, hey, baby, I think I'm at $1.2 trillion right now. | ||
| E.J., how bad is this going to get? | ||
| Steve, quite bad. | ||
| And by the way, that $600 billion interest expense number that you see in the chart, if you look closely, that's net interest, which basically means they take the actual amount of interest they spend on the debt, and then they start subtracting out a bunch of different categories to get the number down. | ||
| So the net interest number always understates how much we're actually spending on the debt. | ||
| So last year, it was over $800 billion. | ||
| Right now, it is an annualized $1 trillion. | ||
| And as you already said, It's going higher, and it's going higher very quickly. | ||
| It is already so bad, Steve, that it takes 40% of all personal income taxes just to pay the interest on the debt. | ||
| That's not paying the debt down, that's simply making the interest payments. | ||
| This is insane, and it is getting much worse very quickly. | ||
| This is, okay, if you look at that chart, And somehow, Grace and I need to get that chart in everybody's hands. | ||
| And if you listen on radio, you gotta go to our website, or you gotta get the email. | ||
| You need to do this. | ||
| If you go to the chart, and I'm doing this from memory now because I'm not looking, I think the personal income tax is two point, this is all proceeds, cash in, cash out. | ||
| And this is a simple way, like in investment banking, I tell you, you know, EBITDA, everybody's giving you, I got this, I got this, I go, hey, let's talk about Mr. Cash. | ||
| Let's go to the balance sheet, Mr. Cash in the starting period and Mr. Cash in the ending. | ||
| Because EBITDA is an opinion, cash is a fact. | ||
| And that's what you need here is facts. | ||
| But if you look at all receipts from personal taxes, I think it's 2.1 or 2.2 trillion. | ||
| What EJ is saying is just the interest expense, just the interest expense in this year, it's going to take 40% of that is going to pay the interest. | ||
| The interest will be a trillion dollars. | ||
|
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Just embrace that for a second. | |
| And this is not going to get better. | ||
| This is my point. | ||
| This is every 12 months. | ||
| You have to make a stand, and let's make it now. | ||
| You have to make a stand, and let's make it now. | ||
| You have to do it. | ||
| The initial ruling part of that also is the invasion of the Southern border. | ||
| The Republicans just put out a study two days ago that said that the cost of feeding, housing, educating, and health care for the invaders Is 451 billion dollars not incorporated in those numbers. | ||
| That's in addition to that's an add-on because we got so much, you know, we got so much room to do things here. | ||
| EJ, what is your recommendation here of how we get serious? | ||
| Because right now, Johnson, it's not serious. | ||
| It's once again, kick the can down the road. | ||
| In 75 days, I'm going to solve it. | ||
| Well, brother, we're going to hold you to that. | ||
| And if you can't solve it, or you don't show the fight to solve it, hey, guess what? | ||
| Maybe it's time to revisit this. | ||
| I'm all for it. | ||
| I'm not sold on any one person. | ||
| I'm sold on somebody who comes into the billet and wants to fight and wants to stand up here. | ||
| And if it's a God-fearing man like Johnson, God bless him. | ||
| I'm all in for that a thousand percent. | ||
| But if it's not, hey, let's move on to the next one. | ||
| A hundred percent, War Room is there to say, hey, we're in a crisis. | ||
| We have to deal like this in a crisis mode. | ||
| Next man up, right? | ||
| You like on the bridge of a ship, things get shot up, guy's not performing, get rid of him. | ||
| Let's bring up the next guy. | ||
| Give a field promotion to some ensign. | ||
| Anybody's got the stones. | ||
| EJ, what's your focus on the next 75 days? | ||
| What is your recommendation people should focus on in the action that you think we ought to do? | ||
| Well, in terms of our legislature, the action that they need to take is to find anywhere and everywhere they possibly can to cut this budget. | ||
| And I don't mean give it a haircut. | ||
| I mean massive cuts. | ||
| Balancing the budget in 10 years is not good enough. | ||
| We may not have that much time left. | ||
| Steve, my goodness, just the other day the Treasury almost failed to auction off 30-year bonds because there just wasn't enough appetite in the market due to just the sheer volume of money that they're trying to raise. | ||
| Hang on. | ||
| You've got to go back to this. | ||
| I have not had time to cover this. | ||
| Last Thursday was the biggest debacle in a government auction of bonds, I think, in history. | ||
| Give me a minute on that because people have to know this. | ||
| You can't sell it anymore. | ||
| It's not financeable. | ||
| Walk through what happened last Thursday on the government bond auction. | ||
| Well, Steve, essentially, when the government is trying to sell these bonds, they do what's called a Dutch auction, where someone will bid and will say, OK, I'll buy those bonds, let's say, for 4%, except that they don't actually buy all of the bonds. | ||
| They can only afford a small portion of them. | ||
| The next bidder will say, okay, I will buy another portion of the bonds, and maybe they want 4.5%, and this continues on and on until there are sufficient buyers to buy all of the bonds, and whatever the last interest rate that was offered was, which is of course the highest one, that is the interest rate that then everyone else who has already bid will receive. | ||
| Well, what happened was the tail, in other words, it's essentially the difference between the last interest rate and the first interest rate that were bid, that was the largest that I can ever remember, at least the largest in my lifetime, if not ever. | ||
| Because what's happening is the Treasury is initially offering a very large volume of bonds at interest rates that are just too low, and simply no one wants them. | ||
| We don't have enough people willing to take the risk on U.S. | ||
| Treasuries. | ||
| Yes, I said risk, because Treasuries are no longer a safe asset. | ||
| If you bought Treasuries just in 2020, for example, if you bought a long-term Treasury bond, it has lost half Of its value. | ||
| Explain to me how that is a safe asset. | ||
| And even the bonds that are going to be repaid, they're being repaid with dollars that have lost 17% of their value. | ||
| In other words, you are getting 83 cents on the dollar. | ||
| It's as if the Treasury decided to selectively default on 17% of their bonds. | ||
| These are not safe assets. | ||
| The downgrade to the outlook on U.S. | ||
| debt that Moody's announced last week, That was well-deserved, and in fact, it is long past time that they made such a move. | ||
| They should not have just downgraded the outlook on the debt, but the debt itself. | ||
| EJ, what's your social media, particularly your Twitter, brother? | ||
| Best place to find me is going to be on Twitter. | ||
| The handle is AtRealEJAntoni. | ||
| EJ, thank you so much. | ||
| Appreciate it. | ||
| Thank you for having me, Steve. | ||
| Make sure you go over to birchgold.com. | ||
| Get the slash ban in. | ||
| You need the end of the dollar empire, because you're seeing it right now, and we're part of it. | ||
| You've got to understand it, particularly the debt trap, the third installment. | ||
| Four installments out, fifth installment coming all free. | ||
| Also ask, like she's coming today, the CCP's buying more gold than ever in history. | ||
| Short break. | ||
| Back in a moment. | ||
| Here's your host, Stephen K. Bamm. | ||
| Okay, so there you have it. | ||
| The bid and the asked. | ||
| You've got it. | ||
| You've got, you know, Trump and what Project 2025 is putting together. | ||
| Got my 2025 book. | ||
| Maybe I'll pick it up. | ||
| It weighs like 30 pounds. | ||
| Everybody's working on what President Trump's laying out. | ||
| But this republic's in the balance. | ||
| Can it go on? | ||
| Yes, this can definitely go on. | ||
| You continue to print fiat money. | ||
| You continue to have the Fed do this. | ||
| You can go on and you'll have eventually a catastrophe in a couple of years like the Weimar Republic. | ||
| That's coming. | ||
| It's not hard to extrapolate out, to run the perturbations, you know, on financial models to see this. | ||
| You can see it. | ||
| But all the warning signs are there. | ||
| Because we are defaulting. | ||
| Remember that. | ||
| And the people that get that is all the folks in these brick nations. | ||
| Because remember, the guys around, they all went to Sloan. | ||
| They all went to Chicago. | ||
| They all went to Harvard. | ||
| They went to Stanford. | ||
| They have an HP 12C. | ||
| They can all run net present value. | ||
| They all do the cash. | ||
| They see what's going on. | ||
| This is a rolling default. | ||
| And they think, hey, MAGA may have to take this because they're American citizens and they're kind of stuck. | ||
| So they're going to continue to underwrite this, their own demise. | ||
| They talk about anger people all the time. | ||
| Steve, why are these people so angry? | ||
| Why are they so angry? | ||
| Well, here's why they're so angry. | ||
| Because you're using their efforts. | ||
| Their tax dollars and their pension retirement through private equity and venture capital, you're using their resources that they have given to people as fiduciaries, taxes gone as fiduciaries, your pension to go as fiduciaries, to destroy them, their children, and their grandchildren. | ||
| And oh, by the way, as a bonus, then to send their sons and daughters on the foreign battlefields to die supporting this post-war international rules-based order that has only made money for the elites and allowed the Chinese Communist Party to rise to actually challenge us as a hegemon. | ||
| Completely. | ||
| So, would you be angry if all of a sudden that was revealed to you and you started to understand it, would you be angry? | ||
| The reason they're angry, they've just seen, what, $8 trillion or $10 trillion by Mitt Romney and all these serious people going along with Biden. | ||
| Only 14%—this is not me. | ||
| This is the Financial Times of London. | ||
| This ain't MAGA. | ||
| Only 14% of Americans believe Biden has made them better off financially. | ||
| Hey, guess what? | ||
| The other 86% think they have it. | ||
| American people got some just basic good old common sense on this. | ||
| It's called the lived experience. | ||
| You know, Hauman on that show the other day was sitting there, no, no, no, you hear this all the time. | ||
| It makes me want to throw up in my mouth. | ||
| Elections are about the future. | ||
| Elections are about the future. | ||
| You ever hear these guys come on with the big knitted brown fox, the elections are about the future. | ||
| No, dude, it's like, um, It's like doing cash flows. | ||
| Yes, you're looking out into the future, but you bring it back to period zero. | ||
| That would be this moment. | ||
| Elections are about the lived experience of the electorate. | ||
| And where they think the country's going and where you're telling them they're going to go. | ||
| And this is why Mike Johnson in round one, and I don't want to hear, oh, he's, and please, you know, and particularly people that I'm close to, don't, don't sell me on the, oh, he's only been here two weeks or it's the fourth quarter. | ||
| We're down 35 to nothing. | ||
| The quarterback came off the bench. | ||
| Mike Johnson has been part of this with all of us from the beginning. | ||
| He knows all this. | ||
| You've got to be, the quarterback's got to be able to step in and move the chains or he gets the hook. | ||
| That's what you do as an understudy. | ||
| He was part of the leadership. | ||
| He knows every element of this thing. | ||
| Yes, they got a few more high-level security briefings. | ||
| It's scary. | ||
| But even there, he pulled the supplement. | ||
| He pulled the supplemental on Ukraine and Israel. | ||
| This was being weighed and measured and found wanting. | ||
| We deserve, this show, me personally, this audience, the War Room Posse, we have to embrace what Morning Joe said today. | ||
| We have to embrace it. | ||
| That mocking and rubbing your nose in it is well deserved. | ||
| Is well deserved. | ||
| This was not good enough. | ||
| And what particularly makes it not good enough When they couldn't get the rule passed, they knew, right then, that not simply MAGA, but others had a huge problem with this, and it was a flashing red light, flashing sign to say, you need to take another course. | ||
| He had all the warning. | ||
| And what did he do? | ||
| He went hard in for the Uniparty. | ||
| For the worst elements. | ||
| The Hakeem Jeffries, Mitch McConnell, Chuck Schumer. | ||
| Who think he's a total tool right now. | ||
| So we have to help Brother Johnson. | ||
| We have to help him. | ||
| We have to assist him. | ||
| And we have to make sure that he delivers on the 75 days where it's all going to be different. | ||
| On the 17th of January, that is like a big reveal. | ||
| They're going to have some conservative wins here. | ||
| To have that win, we're going to have to have the same sort of brinkmanship we should have had right now. | ||
| Nothing's going to change. | ||
| The math is only going to get worse. | ||
| It's only going to get worse. | ||
| The invasion is only going to get worse because you didn't seal the border. | ||
| You haven't made any move to seal the border. | ||
| The invasion is going to get worse. | ||
| The cost of the invasion is going to get worse. | ||
| The crime is going to get worse. | ||
| The disruption is going to get worse. | ||
| The math is going to get worse. | ||
| The tax revenue is going to come down. | ||
| The costs are going to go up. | ||
| The interest expense are going to go up. | ||
| Please, anybody in this country that can come on and debate that with facts, I'm prepared to... I'm a... | ||
| I can be a reasonable man in this, and listen, but it's not, there's nobody's got those facts. | ||
| Them's are the facts, and they're immutable right now. | ||
| That's the crisis that must be faced immediately. | ||
| This doesn't even take into account the geopolitical crisis, or the kowtowing to our greatest enemy today in the Bay Area. | ||
| When someone who's on the payroll of the Chinese Communist Party actually goes as a supplicant to agree to sell out the people in Taiwan and said, yeah, it's one China, not a problem, one China. | ||
| And let's couple. | ||
| Let's get Elon Musk and those guys. | ||
| The decoupling we've done so far, and that's why they're collapsing, and that's why they know their Ponzi scheme is coming to an end. | ||
| We must recouple, because we need access to the pension funds of the deplorables. | ||
| That's America on the 15th of November in the year of our Lord 2023. | ||
| In the land of the blind, the one-eyed man is king. | ||
| And up here right now, Speaker Johnson. | ||
| As good a man as he is, is a blind man. |
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